HomeMy WebLinkAbout2870 ~
3. To plau and continvously kcep on ~he bu;!d;ngs naw w Mr~aft~r Ntu~t~ o~ said land a~d on ~11 equiprn~nt and p~r~onalty covKd by this ~no~t¢
age, with all prtmiums Iherton p~~d in fvll. fire insurance i~ tM u~w{ itudard policy fotm, in a sum ~pprowd by th~ NWRiGAGEE, and wind~twee
:~;s~rancs in th~ uswl standard poi~cy fam, in • ~um spproved 6y t!w MORTGACaEE. in svcA caopany or con?paniti u 1h~ MORT6/1GEE m~y
d~recr; and all fin and w;ndsrorm in~urance pol~c~es on sny of fiifl bVilflin~3, My {rlffryi fF10f~i11 O? piA tI1KlOI, M tM +p~rp+t~ wm afons~W w
in exce~s thereof, sMll conuin tM ususl st~nda~d mor~9age~ cia~se w such otMr cl~us~ as th~ Mort~aprs en~Y nqvi~t. maRFnp th~ Iw~ urdM s+id polF
c~es, each and ~very, piyabl~ ro said MORTGAGEE as i1t i~tarest may tppear, ~~d e~ch and ~very tuch policy aMll b~ promptly ~ss:yn~d and dslivKtd b
any held by said MORTGAGEE as fu~tF~e+ security to said mor~~age deb~, a~d, not leu tMn ten l10) days in ~dvanc~ of tM txpiration of tach polky, to dr
llve? fo ~aid MORTGAGEE a renewal theroof, to~tlwr with a rece~pt fo~ the p~emium of s~cl~ rsnewal; ~nd then ih+ll M Ro fK~ w winditorm IM~rsnt~
placed on ~ny of said buildtnys, a~y intereit there~n or pa~t thereof, unteu in the torm ~nd with tFw lou pay~bl~ as efw~saidt u+d in tM ~wn~ ~~y wen
of mon~y bacanes p~yable under iuch policy a policies said MORTGAGEE shall Mve tM option to roceiv~ ~MI i~Iy fIM iirtN Of1 KCOVf1~ OI fht M1dlbtf~
nrss ~ecwed hNeby or ro permif said MORTGAGORS to nteiv~ and ~se h or any paH tlKreoi Iw o~her pu~poses, without fhaeb/ waivi~y w impak-
ing any eqvify, lien w riyhf undcr or by vinue of this morsgage; and in tM eve~t aid MORTGAGORS sMll fw ~ny r~ason fail to ke~p tM ~sid prtmises w
insurl~, or (ait ro detiver promptly any of said polic~e~ of inawance to said MORTGAGEE, or fail promptly to p~y ivlly ~~y premi~m ther~fw w i~? any
re.pec~ f~il ro pNtam, discharge, execute, etfact, complete, comply with and abide by this coveewnt, or sny paN Mrwf, said MORTGAGEE m~y pl~ce ~~d
pay for sud~ insurance w ~ny part thereof without waivirq a ~ffedirg sny optiay lietg ~quity, w~ight und~r a by vlrtw of fhit Mottp~e, a~d tM
t~l1 amount oi each and ~wry such payment shall be immedi~tely dw ~od payabla ~nd sh~ll bear interest fran th~ dat~ thereof w~til psid ~t tM ~aN o1
n~ne per centum per ann~m and to~ether with such interest shall be secvred by th~ lien of this morip~y~.
1. To permit, commit w suffer ~o waste, impairment w deteriot~tion of said property or any parf thereof.
5. To pay all snd singulu tM costs, chsrges and expenses, including e rcasonable af~orney
s fee and cwrs of .bs?r.c» of ri~l•, incvrr~d w p~id N
any time by said MORiGAGEE, betavse w in the event of the failure on the pan of the said MORTGAGOR b duly, prompNy and fvlly p~rfotm, disthatp~,
~xec~te, effect, compkte, comply w~th and ab:de by each and every the itipulations, agreemenn, cond~fioro, and cown~nn of uid promiuory noa and r1+T~
rurrgage any or either, and sa~d coats, charges and expenses, esch and every, sMll bs immediately dve ~nd p~yabl~j wl+~thtt or not tMn b~ notlq dr
rnand, attempt to colkct or wit pend~rg; anc the full amovnt of each and every such paymenl thall bear inter~st fian tM dafe 1Mr~of ~nHl p~id ~f 1M ~
rare of nine per ce~tum per annum; and all said costs, charges and expenses incvrred ar paid. fogether with suth inNr~at sh~ll b~ a~tvnd by tFw li~n Of fFlif ~
mort~~~.
6. That (a) in the evee~~ of any breach of this lNwtgape w default on the part oE tlx MORTGAGOR, o? (b) in tM ~wnt ~mr of said swns of moeMy
hrrein referred to be ~ot promptly and fully paid within thirfy (30) days next after the same uveralty betoms dw and piyible, without d~mand or notic~.
or {c) in the eveM each and every the stiputations, sgreements, co~ditions and covenants of s+id promissory note ~~d thii mortpp~ ~e?Y o? NtINr ~n nW
i~ly. R+omptly ~nd lully perforrned. d~scharged, ezecuted, effected, compkted, complied with and abided by, tMn ia ~itha w~ey tuoh ~wnt tFN iaid aQ~
gregare sum mentaned in sa+d promiuory note then temaining unpaid, with inte~esl acuued, and all mOnlys Mtur~d. h~teby. tMl) 'blCOn~e d~N ~od pay~
able forthwith. oa ihereafter, at ~he option of said MORTGAGEE, as fully and tompletely as if all of the said sun~s of money vwn a~ptoaty sttp~lat~d
to be paid on such day, anything iR said prom~ssory note or in this Morfgage ro the eontmry notwithat~ndinp~ ~nd /Mrwpon w ther~aA~r N tM option of
seid MORTGAGEE, without riptice w demand, suit at law or in equity, thereiwe ot tMrNftet bapun, may b~ prpKUUd p if al) nlqNy~ NNr~d hK~by
nad matured prlor to its institution.
7. 7hat in fhe event that at the beginning of or at any time pending any suit upon tlcis MortQg~, w to fOreclos~ h, w M»form It, or fo ~nfotC~
payment of any daima here~~de?, said MORTGAGEE shall apply to the Cou~~ having jur~sdKYan thereof fa tM ~ppointm~nt of a Rtaiwr, suth COUA sh~ll
Forthwith appoiM a receiver of saij! mortgaged prope~ty all and sirgulsr, iaclud~ng all and singvla~ the incorn~, profits, issws a~d ~~wnws from what~vK
so~rce derived, each and every of which, it being expressly understood, u hereby'iFOitgaged at if specifit~lly fet forfh and dNpib~d in thi qtantinp and
h~bendum clauses hereof, and such Receiver shatl have all the broad and effective funct~ons and powers in anywi~ ~ntru~ted by a Covrf tp ~ R~aiva, ~nd
scch appointment shall be made by such Coun as an admitted equiry and a matter of absolute rigM to iaid MORTGAGEF, uwJ without nf~r~ne~ tp fh~
edequaq or inadequacy of the value of the property mortgaged or to the solvency w insolvency of s~id MORTGAGOR or fhs defsndanfs, and tM1 auth
renfs, p~ofin, income, ~ssues and revenues shall be applied by ivch Receiver according to ths tien or ~quity of s~id MORTGAGEE ind thr prstfiq of tvth
Go~rt.
B. To duly, promptly and fully perform, d~xharge, execute, effect, complete, comply with and ~bid~ by each and ~wty tM stipulationb syr~t~,
conditions and covcnaMS in u~d promissory note and this mortgage ut fath. '
i
9. that in the event the ownership of the mortgaged premises, w any part lhereof, betwnes vKhd in a p~non oths~ fhan N+e MORTGAGOl~ th~
h'ORTGAGEE, its successws and su~gns, may, without notice to the MORTGAOR, deal with s~?ch tutt.KSOr pr ~sar in inttraft with nf~r~nq to this
mcrtgage and the debt hereby secured in the same manner as with Mortgagor without in eny way viti~tinp ot d~Kh~ryir~ the MortpaQOr~' liability h~r?
under or upon the debt hereby secured. No sale of the premises hereby mwfgaged and no forbearants on the part of fh~ MORTGAGEE w ift Wtteuon
or ass~gns and no extension of the time fw the payment of the debt hereby secured yiven by the MORTGAGEE or its svct~ssor~ or a~ti~rq, tihall Op~tat~ tt
ro releau, d~scharge, modify change w affect the orig~nal liab~l~ty of tFx MORTGAGOR fKrein, either in whale or i~ part. F
10. It is specifically agreed that time is of the esxnca of this contract and that no waiwr of any obliqation h~rwnder or of ih~ obli~~tion N- 1
cured h~rtby shatl at any time thereafter be held to be a waiver of the terms hereof or of the instrurtKnt setur~d herby.
t
11. In addAio~ to the fwego:ng monthly paymems of princ'pa~ and interest ~equired by~ the promistory note secured hereby, mortpsgor oovlnanty ~
and agrees !o pay to mortgagee with each monthfy paymem an addirionat sum estimaled by mortgsgee fo be eqwl to 1~12 of ths anewl tost of tIM fpllow- '
i
)ng:
A-All real property taxes lev~ed w a:sessed against th~ above deu.ibed real estate. ~
B-Premiums on fire and windstorm insurance as herein requ~red to be ca~ried on the improvement~ situate on the ~bOV~ dturibld pr~miNS, '
C-Premiums on such mortgage g~aranty insurance as mortgagee shal( from t~me to time deem f~t to urry on the loan utvr~d her~by,
Mortgagee shall from t7me to time not;fy mwtgagor ia w?iting of the amount due and payabk hereunder and such sum shall tMrwpon b~ dw ~nd
Fayab!e on the due date of the next monthly payment and each successive month thereafter until mortgsgee shall notify mortgagp of • chanp~ in such
a--~ount_ Such sums shall be app(ied by r.wrtgagee toward the payment of real property tazes, insurance premiv and mortpsps pvsr~nty 1nsuNnc~ j
p~emiums. -
IN WIiNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and •seal the dey and ysar afores~id.
' Signed, kd a livered in the prexnce of: ~ ~ ~
~ ~
! ~ - ~
~ .
, _ ~ . ~,n
~ ~
f - ~--n
~ STATE OF FLORIDA ~ • a
cour,rY oF _ St . Luc ie ~
~ s~r«e n,~ peROOany appea.ea R a vm~nd P. Le i n. 8 s i~? nl e 8 dul t, ~ '
~ ~ to me weN known ~nd known to me fo be '
E th° indiridualy desuibed in and who executed the faegoing instrume~t, and acknowled~ed before me thst ~ exatuted the same fw tM pwpwes
~ therein expressed. ~IAwd.lbrN:~
t ~
E ,iwf~ ~i-tbe~wid - ' ~~~i..~w~ ~ ~ f ;
9x~uw+atian. ry-a~e-ak~n-w{»r~t ~nd +per~ 4rear I~er said ~esbend,- a~k*ievrledged ~o--and-befors~ne~tFwt-sl~acacoted-s~i~-ins~romen? freNr-~r~voknr-
re+'fy-and~ wifhwf srr~ tompvMorr, ianstrsint.-apprehenslon_;
p~eero~f ori+an i~er said-F~esb~ ~
WITNESS my hand and official seal thi: ..'1~! day r i
. A. D. 19.,~.z._ ~
_
t '
Notery Publ' ~o ~nd for tM Stab of F{orld~ at lup~
Retum Tw _ MY C~~ ~ ~~«s:
First Fader~l Ssvings a loan Assouat~on ,-.::~;:~~~~;r;~ = No:ary PubhG. ~taN ot Ro~lde at Large
Of Fort Pcerce. '`~~1•. , ~n ~i~ ; =~1 Comm~SL~On ~Xpirfs AU$ 6, 1~67.
Fo?r p~~c~. Flwida ;
Q~,: ~~j,,~
r Bonded B~+ Am~ncan Surety C9~ of Y-
~
FtLEO ANO RECORDED~"~~~ •~L ,~~~;:~~z ~s G G 7
ST. LUCIE COUN~~. L.~~' ` `.f :J*i''e~'~ i
REC~RO VERI~lE~~ _ - l~ ' -
_~7~-s'` ' i.t s
.~~5~$`~ - ~ ~ Q ;
, ~ Z , 2 ?~o ,F,
6t APR 20 5
.
;
~~o~c:~ ~•o~rR~s
CIERK CIRCUIT COURT 0 R
BOOK 165 PA~E 286? Q~_ '
.
~ ~ ~ ~
r-;- ,
~ ~