HomeMy WebLinkAbout0340 1. To pl~ and ca+tinuov~ly k~p on tM buildinps now w MfNI1H N1Y~N Of1 NId IN1tI 111d Of~ ~I~ ~l~IMIM M~ ~'1
ags, with all prtmiwns therwn paid in fulb tire i~uranct in tM uwal sl~odud polky form. N• w~w approwd bY tIM 111WkT~ ~RTGAGE~
n~iaY
i~+suru~c~ in tM vswl st~nda.d pol~cy fam, In a sum approved by tiw MORTGAGEE, in wch con+panY w aa*P+^i~+
di?cc~j w+d ~II iin and win~bronn inswaex~ policiet on ~ny of said buildin~p„ any inNnN tFw~in a p+~1 thK~of. in th~ apprpat~ ~wn afaaaid a
in ~anss tF~wf, sh+ll conuin tM usual sundud mor~gages clws~ a sud+ otha dau~ as tM MortqapN m~lr nquir~ m+kG+O tM loss wd~ u'd pol4
cies, t~ch u~d ~very. paYabM W a+W N~ORTGAGEE as its intere:l may spp~a?. and tad+ and ~wry wd~ polity sMl) b~ pranpt~Y +st~9ewd +i+d d~li~~d M
~ny Mld by ~aid MORTGAGEE u fwther secvrity to said mortp+9~ deb1, u+d, not I~ss tMn qn l10) daya in +dvana ot tM ~up~~~tion of~ ~ad~ policy, to dt
tiver to aid MORTGAGEE • renewal tMnof, to~etMr with a reteipt iw the premium of wd~ r~w~it and ?Mn ~h+~~ M^o fit~ o~ windstam kuwaeK~
piaced on any of s~id buildinys, ~ny ioterest tha~i~? or p+rt tF?ereof, ~nleu in tl+s form ~od with tM bss pay~bl~ a afons+idi ~nd in th~ ~wM aoy swn
of rnwwy b~com~s payabk under wch policy or policies said MORTGAGEE shall haw tM option w nc~iw end ~ppl~r th~ s~ on +cca++~1 of 1M ind~bt~d'
nru secwed Mr~by a a permit s~id MORiGAGORS to receiw ~nd us~ h a~ny pat thtreof for othe~ pwposss, wi~hout ths~eby waivinp a in+Wk-
iny any puiry, lien w right vnder or by virtw of this mottya~es and ie ~M ~veat said MORTGAGORS sMll fa ~ny nason fail to k~ep tM a+W prana~s w
insured. w f~il w deliver promptily ~ny of said poli~ia of insurance ta s+id MORTGAGEE, or (ail promptlr to p~Y ivlN any pr~n?ium tMnfor w in any
respect fail ro p~rform, discharge, executs, efiect, camplete, comply with u+d ~bid~ by thts oown~nt. w a~Y P+n ha~of~ wid MORTGAGEE m+y pl~a and
pay fw wch irowanc~ or +ny p+N tMroof without wa'ninp w~ffectinp sny optan, li~n, puity. or ri9ht undN a by virtw of this Matp+p~, and tM
f~ll smouot of e~th snd ~wry wch payment sF+~ll be immediately dw and payabt~ and sMll beu inhnst han tl+~ dab thereof until p~id ~t tM nq of
~~ne per untum per annum u~d togNFxr with wch interest ihall be secvrod by tM lien of this mort9+p~. f
1. To p~rmit, oommit or iuffa no waste, impairment or deteria~Yan of aid prope~ry or +ey put therwf, i
S. To pay all ~nd slrgular the cosn. dWrpes and expenses, includirg a resson+bl~ attorney's fN and oosh of ~bttr~cn of titl~. inpirt~d a paid ~t I
any time by s+id MORTGAGEE, beuuse o~ in the ~ve~t of the failv~~ on tiw pah of th~ uid AAORTGAGOR to duh/. proenPth +~d fi?~IN P~fa?^~ dac~0~
execute. effect. complete. comply with and ~b:de by ead~ and every the it~pulat~ons, ayreements, conditiaa. ~nd oownanM of said promiswry no1~ a~d th4
mat9ag~ any or either, and said cosn, chuges ~nd expenses, each snd every. sh+ll b~ imm~diauly due and psyaW~t wMthtr a not tMn be ootic~ d?
ma,d, mempt to oolkcl or wit pend~ng: u+d the tull ~movnt of esc6 and every wch paYmero sMlt bear intHNt fMA1 11N dit~ tIN~~O+ unttl p~{d N tM
rate of oine per centvm per ~ru~um; ~nd sll said msn, charpes ~nd ezpenses intvrted o? p~id, topNher with wth inNr~tt. ahall b~ sKUnd by tM lia~ of tNt
,
mortya~e.
6. TF~st In the svem of any breach of this Matgay~ o~ default on ths psrt of tM MORTGAGOR, a(b) in th~ wa+t +nY of ~+id w'^~ of m°^~y ~
herein r~ferred to be not promptly and fully paid within thirty (30) d+ys next sfter the same severally bKarN dw and p~y+bl~, witlw~t d~mand or eotlo~. ~
or (c) in the eve~~ esch and every the stipulations, sgreemenn, cond~~ions and cown+nn of s~Id promissory not~ and this mortpp~ ~ny or NtMr ~r~ ew1
iuly, prompHy end fully perfwmed. d~schuged. execvted. effected. compkted. compli~d with ~~d ~bided 4y, th~n N eitha a any ~uti~ ~wM th~ Nid aP
gregate sum mentiw~ed in said ptomissory note then remaining unpaid. with iMaest ~caued. ~nd all morKys s~tut~d.lfu~by, tl?~II plCwn~ dw u~d pall~-
able fathwilh, a thereafte~, at the option of said MORTGAGEE, ~s fully snd tompletely as if all of the ~aid su~a of rtqn~y vwrt oripfn~lly ~tip~l~t~d
~o be paid on such day, anythinp in sa;d prom~ssory note w in tha Mwtgsge to th~ contrary ratwitMtandirqj ~nd tMr~vpon w thtr~~ftK ~t tM option of ~
seid MORTGAGEE, without notice a demand, suit at law or in equity, therefore or th~rsafter b~pvn, nwy b~ Praacvbd a 1f a~~ moM1?~ Nw~~d hu~bY }
had mafured pnor to iri institution. -
7. That in the event that at the beginrring of or at any tims pending any suit upoa this Mat~spe, w to bhclw~ k, w to ?tioren N, ot to ~nforq
payment o.' any daims hereundcr, s~id MORTGAGEE shatl apply to the Court hsvirg lurisdiclion lhereof fw tM appointm~nt of s Rwiw/, wch Ca+rt sh~~~
, Forthwith appoiM a receiver of sai~ mortpaged ptoperty ~N and singular, intlud~ng all and singuta~ tM intonN. profity b~WS and nvM~tN! frpn wMt~vN
cource derived. eath and every o~ whrch, it beirg expreuly understood. is hereby mortgaged ~s if sp~tiiiulty sN forth and dNCrib~d In th~ ~ar?flnp and
habendum cla~ses hereof, and such Receiver shall have ~II the broad and effective f~nct~a?s and powers in ~nrwiu ~ntrusted by ~ Cou?f f~ ~ R~plwr. ~nd
such appointment shall be made by such Cowt as an admitted eqvity and s m~tter of absolute ri9At fo s~id k10RTGAGEE, and withouf ?~fenno~ to th~ ~
adequscy a inadequacy of the valve of the property mo~tgaged w to the wnre++cy o~ insolvtncy of s~id MORTGAGOR a tM def~ndan», and that wch ?
re~rs, profib, income, iuues and revenues shalt be applied by such Receiver accord~np ro th~ li«+ or ~quity of w~d MORTGAGEE and tM practia of wch ~
Court.
8. To d~lY, promptly and fully perfwm, discAarge, execute, effcct, complete, oomplY with ~nd abids by Nth and w~ry tl» atipul~tioro, apnMrwnM.
condifions and covenams in s~id promhsory note and this mortgsge set fwth. ' ~
9. iMt In the event the ownership of the rrart9~9~ Pfemises, or uiy psrt tl+ereof, bcean~s v~shd in • p~rwn othtr th~n tl+e MORTGAGOR. t!y
MORTGAGEE, its wcceuors and auigns, may, without ~orice to the MORiGAOR, deal with such sua~swr a Nrce~ssa .in intaat with nfet~na to tha
mortgaga and the debl bereby secured in the same manner as with 1Nortgagor witho~t in any way vitiatiny o~ disthar9inp th~ Mwt9s~or~' Ilability F»rf
under or upon the debt hereby sewred. rlo sale of the prem7ses hercby mwtgaged arn! no fabeararw~ on th~ parl of tM MORTGAGEE a its wac~ssott '
or assigns and ra extension of the time for tlx payment of ihe debt hereby sec~red given by the MORTGAGEE or ifs sucotssors or as~~yns. ~ha~~ op~~d~
r ro release, dixharge, modify change w afiect the original liability of ~he MORTGAGOR ha~in ~ither in wlK~le w tn put.
10. It is spec~fically agreed that time is of the essence of this contrsct and thst no waiwr of any obtipstion Mrwnde? w of th~ oblip~tion ~r
cured hereby ah+ll at any ti~ne tl~ereafter be held to be s waiver of the terms heroof or of the irotrurneot sewr~d haby.
11. In addition to the forego:ng monthly payments of princ:pal and interest required by ihe pran'~story note setured hereby, mortyaQor OowMMs
and agrees to pay to mortgagee wifh each monthly payrnent an addi~ional sum cstimated by mortgapee fo be ~qwl t0 1~12 of ths annual oost of tIN follow-
ing:
A-All real property faxes levied or assessed againsf the above described real estafe.
B-Premiums on fire and windstwm insurance as FKrein requ~rtd to be carried on the improve+nen» sihiat~ on the ~bov~ d~suib~d pr~miNS.
I~ C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to tirn~ deem fit fo urry on fM Iwn teNr~d her~by.
Mortgagee shall from t~me to time notify mortgagor ~n writing of the amoum due and paysbk herevnder and such tum sh~ll th~twpon M dw and
Fayable on tMs due date of the next monthly payment end each successive mon?h thereafter until mwtysgee shall noTify morfgsgor of • thirg~ in wch
~ amount. Sucb wms shall be applied by mortgagee toward the payment of rea) property tsxes, insurance premiw~, and mortya~ ~w?anty inwante
F premiumt. .
~i WITNE55 WHEREOf, the said MORTGAGOR has hereunto xf his hand snd seal the'dsy u~d y~a firsf ~foraald.
I and iver in the prexnce of: .
n
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. - - -
ATE OF FLORI~A ~
St . Lucie u- '
courmr of
Befo~e me ly a ared C. J. C ri s t
re n e G~r i s t ~ ha ,~;r~, ~u ,,,d k„~, „ b.
rhe individwb described in and wlw executed the fwegoinp instrwnent, and ackrawledged before me that they exeaited ths sam~ for t!» pwpaes
therein expressed. Md ths s+id Irene C ris t
w~fe of ths said C .T G ri Q~ - , vpon a separ~» ~nd privat~
examinaYan by me tsken separate ~nd spart. from her said husbsnd, acknowledged to ~nd bcfore me th~t she execvted said instrument freely ud voluo-
ranly snd witho~A sny co~:spulsion, constraint, appreha+psion, w fear of or from hei said husbu~d.
WITNESS my hand and official seal this p~p ~y day of A ri 1 o. 19 ~'7
Notary Publk in snd fw tM Stat~ of fbrids ~f Luye
My Cwm~ission ~~~piras
Return Ta.
fint Federsl S+vings 3 los~ Association :
Z ~4. ~ifr R~'K Stit! 0~
~ ' FlOf1di it ~f~
Of Forf Picrce. ~ . '
My Cow:rrissios Expires S~pt. 23. 1969 -
Fort Picrce. Florida : • M.aw Aauicw fin a Cas.+rr Co.
C~pfp a -
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F11.~0 AN~ t.A:~ . ~ J ~ . -
ST. LUCIE ~ ~NTY. p _ : . _ : ; - .
-RECORD~€~~~ _ ~ . _ , ~ 1~ '
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3' ~ ~
~ 1 APR 28 PM • 39 - ~ `.~'w,~::`'
6 ~-r'/ - .
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~:o~=~• ~ ° ~ ~
CL.ERK CIftCU1T COURT
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