HomeMy WebLinkAbout2431 . thb ~
to plaa N+d aa+Hiwiovsly kNp on tM buildmps now a hK~afiu aitu~t~ on ~atd land ~nd o~ ali ~quipn+M1 w~d p~wn~IN oov~nd b'Y nw~q~
o n ;
witb dl pnn+ium~ tMnan p+id in iv16 iin irowanc~ in tM uiwt a~ndard policy fanb M• w~n +pp?owd by tIN MORTGAGEE. ~nd rriad~ttonn
;n~uranc~ In th~ vswl ~undud po1+cY fam. in • sun? ~pprowd by rM MORTGAGEE. M wd~ ca~p+^1? ~ ca~p+~ a tlr MORTGAGEE- ~n+y i
dircct~ ~nd ~11 fin ~nd winibwrm inswana policie~ on ~ny of s~id buildiep~. ~n1? Mhns~ tlwrtin a pwt tM~wf, in tM pp~p~~~ wiu afonsaid or ;
in •aaa Nwr~of, shall oonuin 1M uwal aaod+rd ma~yapN dau~ or wd~ aFwr dwN aa tM Mo~t~+pM m+1? nq~in~. n~+~~p th~ lo~~ w~dK ssid po1E ;
d~s, each ud ~wry. WY•bl. a s~W MORTGI?GEE ~s in int.r.s1 m~y app.+~. .nd Ncl+ and w~ry wcA PolicY ~h+ll b. pramptly as:pn~d ~nd d.liwhd a y
sny FwW by wid MORiGAGEE a fwthe~ setutity M wid mortp+~ dsbb a~?d. ~wt I~st tMn Ne l10) da1l~ In advanp of tM ~xpk~tion of Nch policy. b d?
I~yer to ~aid MORTGAGEE + rN+twal thK~of, wpetMr witA a roc~ipt for the p~niwn of wd~ r~w~lj and 1Mn sMll b~ no fin o~ wind~rorn+ in~w~nc~ ;
plscad on ~ny of said b~ildirqs. ~ey intKat tMr~in a put t1+Kwf. unl~ss in tM fwm ud with tM loss p+yabN u~fwyaldj and M tlw ewi+t ~ny wm 1
of nweMy b~eoe~ p+Y~We u~da weh potkl? a poliei~t wid MORTG/?GEE aMll Mw th~ op~ion ~o naNw +nd ~ppir th~ s+mt on ~aow+t ot tM kd~bnd~ i
neu ucvnd Mnbfr a ro PK~nit wid MORTGAGORS ro nuiw and w~ M a My p+?t th~roof fe? whe~ PwPwa. wi~hou~ thK~by waiv&q or imp+ir-
~n9 any eqvi~r, li~n or ripht wde~ a bp virtw of thb eno:tpap~t and in tM ~wnt uid MORTGAGORS sMll (a any ?tasae fsil to k~ep th~ aid prNnis~s w
~nsu.ed. or f~U w detivN ao~N «w of ~aid polici~s o~ ~s„~a~+c. +o s.b ~~ortTC~?e~~, « fa~~ P.o~~y ~o ~,.r t„~N ~ny premium tha~fa a in any i
respect f~il to pKfonn, d~schu~e. sa~cut~. ~Hec~ aorr~pl~t~. complY with ~+d ~bid~ by thi~ oov~n+nt, w any p+rt Aawf. wid MORTGI?~3EE m+y pi+o~ a+d t
Par fw such trawanc~ a~ny part thKwF without w~ivinp or affectino +nY aPtton. ~i~n. aquth, a ripht und~~ a by virtw of tAis Mort~+p~, ~nd tM
full amovm of .ad~ .nd ev.ry wd+ payma+t sha11 a imm.dlahly dw and p.r.bl. and sMll bwr inmaf han.iM dah N+.nof w+ru patd N N+. ol 1
r,cr+e p~r cenrwn pa aruwm and topethe. with such interest sAall be secvnd by tM lia~ of thb mortp~p~. !
4. To pKmit. aanndt or svff~r ~o wub, knP+irment a d~t~riontion of wid prop~?ty a ~ny pw1 tMrwf. ~
5. To pay atl Md sinp~lar th~ oosts, cFwrp~s Md exP~^wti lnclvdinp a nawo+bb ~»anw's fN and oosM of abaNact~ of titl~ Marcd w paW N ~
any firM b~r ssid MORTGAGEE. b~csuse or tn tM ~wnt of tM f~ilw~ on th~ part of th~ sald MORTGAGOR w duly. P~~P~h? ~nd ivlly p~?fonn. ~cA+~ ;
execure, ~ffect, oanpk», comply with ~nd sb~ by ~sch aod wery tM stiputarans. .pnan.n~s. cond~tio~. and oov.^+^n of u~d promiawry no~ +nd ~ha {
morty~~ u~y w t+~her. and saw! cosn. chu~es and ~xpenx~, each and wKy, sMll b~ tmmdi~t~y dw ~rd Wr~bl~~ wMthK w not tMn b~ eaia d?
mand, sttempt b oolletl p suit psndlnyt ~nd tM' f~ll arnotmt of Hth ~nd ~vMY sucl+ WYen~M ~MII bNr int~tat frpn fIN d~t~ th~nof ~unNl p~ld tl 1M ~
rare of r?~r~e per centum per arw.ums +nd all wid oosts. chu~a +"d ~xP~n~s incwnd or pald, top~tlwt witb wch htuMt, iMll b~ wwnd b~r tM li~n of Mi~ ~ i
matqa~. . ~
6. 7Mt in the event of sny breach of this Mortyp~ or dsf~utt on th~ p+?t of the MORTGAC~OR. a(b) tn tM ~wM any of wid wms of nwn~y
herein re farr e d to b~ n o
t pr
o m p
t y a n d f v l l y p a i d w i t h i n t h i r t y (
3
0) d ~ y
s+?
e x t a R
K t M s a m~ s eva+t b b~eon~ du~ ~^d M yabb. withow dsm~nd a notle~.
or (c) tn tM ~wnt e+ch ud eve.y tl+e stipulatio~s. +9nem~nn. conditiau ~nd cov~n~nM of w~d promhsory not~ M+d Niu narqp~ ~n1? or NtMr u~ nol
iu1y. P?omPtly and fully perfamad, discharged. ~xacvt~d„ ~ffeeted, eompl~ted. oompli~d with aew! ~bid~d ry, tMn in ~itMr or anY wch w~en tM s~id aP :
gregate wm mentioned in ssid promissory note then rem+ininp w~aid, with int~nst acawd. ~nd all ma~ys Ncw~d. Mnbl?. ah+ll b~oan~ dw a+~d P~1?~ ~
nbie forthwith, or therahN, at the option of s~id NWRTGAGEE, as fuly ~and eompl~qly a Ff ~II of tM Nid su~a of enawy vwn aptndly ~tipuut~d i
ro be pald on such daY. anYtFweg in sa~d pran'~ssory noro o. in thts 1Nortpa9e to tM eonrrary notwirMrandinpr +~d /Mr~ipon a thsnafNr tl ~M option of ~
•e~d MORTGAGEE, withouf notice a dem~nd, wN ~t law or in puify, thenfor~ or thK~+ft~r b~pv~, nwp b~ Pto~wt~d a~ ul enO~Y~ NuN~d Mr~by
had mafwed prqr to iri irotitution.
7. Th~t in tM went th~t ~t the b~yinniny of or ~t ae?y tim~ p~nd'i~y sny wIt upon this Mort9ap~ or to fonelow h, or to r~fon* M, a to ~nfap ~
payment of any dsims Mreunder. s+id MORTGAGEE sFyll ~pply ro the Cowt haviig jtxisdiction tl+eroof f0~ tM appo~Nm~nt of ~ R~uhrM. wch Court ~MII
fcrrhwith appoinf a receiwr of sa' mwt~+p~d p?opKtY +II and sirgulu. lnchid~np all and sinpulu tM Incaw~ p?ofiM. 4~w~ ~nd r~v~nw~ han wMt~wt ~
source dtriwd, s~ch and tvery o~whitl, it beinp ~xpressly w~dKStood. is hereby nwrt0~ped a~ if W~tifiul~ll Nf Mrth ~nd dMCrlb~d In thi prantinp +^d ,
habcndum d~usas hereof, ~nd such Reoeiwr sh+ll h~va ~11 ~he brwd and effac?iw fw+ct~om and powen in ~nywia ~nnuat~d by ~ Cowt tp ~ R~aelwr. ~nd ;
•.~ch appointmenl sh~ll b~ msde by wch Courf ~s admltted eg~ity and a matter of ~bsolut~ rgM ro wid MORTGAGEE. and w8hout nf~r~na b tM
adequsty w io+deqwcy of th~ v~lu~ oi the property mwty+ped or to the whsncy a insolv~ncy of wid MORTGAGOR a tM d~f~ndantt„ u~d th+t wch
rents, profits, income, iu~+es and rwenues sMll be applisd by such Reuivat sccordir?p w tM li~n a puitr of s~id MiORTGAGEE and tM pr~etia of wch
Caurt.
8. To du~Y. P~^Ptly and fully p~rform, d'ncharyt, ex~cvti. ~ffect. oo^~Pl~t~. aornplY with and aWd~ b~? wci~ and ~v~rY tM ~~P~?tationf. prNmnnlt„
conditana ar?d coven+nn in uid promfssory note and tha mortya~e sst forth. ' -
9. TMt in tl+~ went the ownenhip of the nwrtyped premises, w seiY P+n thereof, beoana wst~d M a p~rwn othK fh~n th~ MORTGA~iOR, th~
MORTGAGEE. Hs~successon and sssiyes. maY. withow ratice, to the MORTGAOR, deal with ~uch iuoaswr a~+a~uw In i~rat with nfu«+a ~o thts
mortgsye and the debt hereby saa+red in ths sarn~ mame? as with Mortysyw withovt in w?y way vhiatMg or datMr~}irg th~ Morlp+por~' INbllity I»r?
under w upon the debt hereby secured. No sak of the premises Aereby mortg+yed a+d no fab~aana on th~ part of t!» MORTGAGEE a i» tvicee~wn
or as:igns and no extension of the time for the p~yment of the debt hereby secured yiwn by tiN MORTGAGEE or its wooeswn or psipra, shdl opKat~
ro releese, discMrpe, modify ch~nge a affact the orgin+l liability of the MORiGAGOR heriuy ~itl+K in wlwb or in p~rt. t '
10. It is specifiully agreed tMt tan~ is of the euence of tha contr~ct ~nd tMt ra watwr of ~ny oblip~tion ha~u~d~r or of Nw oW~Wtion M~ t
cured he~~by shall at any time tlxreaher be held to be ~ wuver of the terms hereof a of tFr irWrurmnt s~cu?~d h~rby. -
11. In add~tan to the forego:ng monthly payments of princ:pa) and interest required by the pran'awry not~ secund her~by, mortp+Qo~ eownarM~
and agrees to psy ro mortga9ee with each monthly payment sn additional sum estimated by mwty~pe~ fo b~ pwl fo 1/14 of tM annu~l coq of th~ follow-
ing: f
A-All real property tsxes kvied or assesud against the above desaibed re~l qtate.
B-Premiums on fire and windstorm insurance as herein requ~red fo be qrried on the Improv~menM sifuaf~ on th~ ~bov~ dsstrib~d pnmL~s.
~ C-Premiums on suth mor?gage gwranty insurance as mortgagee shall from time to time deam fif to carry on fM ban ~eWr~d hNeby. ~
I Mwtgagee shsll fran time to time notify mortgagor in writ7ng of the ~macnt due and p~yabl~ Iw~wrl~~ ud wch wm ahall tMnupon b~ dw ~nd
payable on the due dste of fhe next mo~thly payment and each successive month thero+fier until rt~ortyaye~ ~hall notify mortpapor of ~ ch~np~ 1n wch ~
amount. Such sums shaU be applied by mortgagee toward the p+ymeot of r~al prop~rty t~x~s. Iroura~e premiurtr. and rt~orfyap~ pwr~My G~suranp
premiumf.
IN WITNESS WHEREOF, ths taid MORTGAGOR has hereunto ~et his Mnd snd s~at ths day +r fint'~ rw~Id• ,r
f~+led and_~sliwred ' tM~p~s ~ of: I @ 81 ~
(~~ii e/~r p~ ~~C-/~ ~ f
~ 1
-T «t~ rn-~~T~. _ n
~ A
Aa rusteea Mount Olive
STATE OF FLORIDA ~ Beptist Church
cour,n oF St. Lucie ~
~~,~~M,~„~~Horatio Grisb Sr. Oti~ Duncen Caeie Pei e '
azzie Smith and A. D. McGriff, ae Truatees~~;~,~, ~u~ r„~i ~e e s~~a'~:~rch ~
' f
the individ~r~b dewibsd in u~d who ~xecuted the fo~poirg instrar~+t. and ~dcrwwlad~ad btfw~ nr th~t tlKy ~x~amd th~ ssm~ fw MN pwpos~s .
tFurein expnated. i ~na'~"r.'w -
JSeaQaClEJ1067i~fdC ~iif~l~ ~
~
~ WITNESS my hard and offiaal seal this d+y of A. D. 19~LL
Ho
Not~ry Public in ard tor tht Statr of Horid~ d Lsrp~
~ Rew.n Ta Notuy PuSCc, Stat~ a~ Flor.da at Large
fint r•ede.a~ s.~~s s~oan w.•oct+r~ ~Ily Commission E:~:;~_ ~3ov. 3, i969
Of Fort Picrce. b~d~d b~rKaw Fr. 6 Go.
w~, Pk.~. Fb.~ILE~ ANO t~COftO~~
~o~t~. ~ 3 l~9 . .
ST.LUCIE VERIFtEO / . ~.~''~~~'C~f:IL'G7~~;".
aECORO a9,7 ;
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