HomeMy WebLinkAbout0344 To pl~oe and conlinuously kkp on tM bui!dinps now or htrN~1N NfViq Of1 NW IMNI 1MI Oi1 ~II pVlprMl~l NNI P~~fO~~lly COWf~ I/y 1Id~ ~IWf1¢
~gs. with ~II pnmi~ma ther~on paid in full, fire i„surar?c~ io tM uswl iranda.d policy fam. in • sun+ +pprowd b1? tM MORT~GE~ ~~E m+y
insuru~a in tM uswl ~t~ndard pol~cy fam, in ~ sum approved by tFw N10RTGAGEE. in sucA con?paoY or oo^M~^~~
d~rectt and all fue and wird~arm inswana polKie~ on ~ny oi said buitdinp~, any intK~st tMr~in or p~rt tMrwf, M tM pprep~N w~+ afor~id or
In ~xcea /harwf, sh+ll conqin th~ uswl ~und~rd mortgage~ cla~s~ o~ such aMr daw~ a 1M Matp+yN m+y rp~in. rt~kinp tM las wd~ s~id pdE
ues, each and ~wry. p+Ya~ p s+~ ~TGAGEE as its internt m~y ~pp~ar. and ~ach and ~wry wch Policy iFull b~ pranptly ~ss:pewd and dtlivK~d to
eny heW by s+id MORTGAGEE as further iecwtty to said mwrgsge debt, and, not less thu~ t~n l10) d+Ys in +dvsna of 11» ~xpirdioe of ~~th poiity. ~o d?
I~ver to ~aid MORTGAGEE ~ rMewat tiw.eof, fope~Mr wi~h ~ rece~pt fw the pemivm of wch fOnfwilj Md tlNf~ fM~l ~ no f'~n a winrhtorm inwru~a
placed on any of s+id buildhq~, aey intNest tMrein or psrt thereof, vnku io tM fam ~nd wi~h ~M los~ pay+bl~ as ~f«~salds a~d i~+ tFw ~wnt any wm
of mwNy bacana p~Yable w+dat wch policY or polici~s said MORTGAGEE shall Mvs ~M optan to naiw u+d apply th~ wrn~ on ~coouM of th~ ted~bted~
ness ssnx~d hK~by w 1o Pe+mit ssid MORTGAGORS ro receiw and vs~ H a any part thereof (a othx purposes, without ths~eby waivi~p or a~yfair-
ing anY eqvity. lien a riyhl w+der w by virtut of tha mostpayr, and io tM ~ve~+t wid MORTGAGORS sMil {a ~ny rtsson fail to ka~p th~ wid prani~s w
insured, w fail w d~~~~e~ pranpdr ~ny of sad polK~es nf insur•nc. ro s+id MORTGAGEE, w f~il promptly fo p~Y~~+~~Y ~^Y P~~~ tMnfw a fn ~ny
respect fail b pK(wm, diuherge, execut~. ~fiect, complets. complY wi~h ~nd abids by this eown+M, w any Wn I~pf, uid MORTGAGEE en~y pl~p u+d
Par fo~ such i~nuranc~ w any put th~.sof without wsivinp or ~ff~ctinQ }ey oPtion, li~n. pvtty, or rqht undK a by vir~w of this Mort~+p~ a~d tM
full amo~nt of tach and twry svcA payment sh+l) be immedistely dw and payabl~ and sh~ll bNr hnrat fran tM dat~ thereof w+til paid at th~ ra» d
n~ne per pntum per ~nrwm and together with such interesf shall bs secvrcd by th~ lia~ of this tnorty+~.
4. To permit, oornndt or suffer no waste, impai~mcnt or deteriwatan of said prope~ty or +nY P~rt ther~of.
S. To p~y ~II and sing~lu th~ costs, charges and expenses, indudinp a nsson+bl~ atto.ney's fN and oo~ri of ~bstrads of titb. kKwr~d a p+id at
any iime by s+id MORTGAGEE, becauas w in the evenf of the f~ilwe on tM pan of tM said MORTGAGOR w duly. promptly ~nd fully pKfonn, di~cA+?p~
eaecure, effect, complet~ complY with and ~b~de by e~ch and every the itipvl~~ions. apreernems, conditioro, and ooweNnn of said p~anlswry non +nd thN
morrgage sriy w eithe~, and said costs, charges and expenses, each and every. shall b~ i+nmediatdy dw ~nd p~Y~bN7 whsth~? or not tMr~ b~ eotic~ dr
mand, anempt to cotlect or sui~ pend~rg; and ths (ull amo~nt of each and every such psYmant th~ll beu i~hr~t fran IM dat~ thtr~of unNl pid ~t th~
rate of nins per centum per ~n~wm; and all sa~d costs, chuges ~nd expenies incwr~d or p~id, tog~tl~u with wch Inter~af. ~11 b~ Ncund bp tM li~n oF fhi~
mortpsys.
6. That (a) in the event of any bre+ch of thia Mongspe w default on tM p+rt of the MORTGAGOR, or (b) in tM ~wnt ~nY of said ~u~ of mon~y
herein referred ~o be na p.omprly e~d futly paid within th~tty (30) days nex~ afte~ the ~+me severally b~cam~ dw ~nd p+Yabl~• witAout d«n~nd a notia.
or (c) in tM eve~t eath and every the stip~lations, agreemenn, conditions a~+tf toven~nt~ of wid promiswry not~ and tliu mortp+p~ anY or titMr ~rt nol
iuly, prompNy and fvlly perfo.med, d~s~harged. executed, effected, compkred. canpli~d wi~h a~d abided by. tlMn M ~ifFNr or ~ny wd~ w~M fh~ uid aP
gregate wm mentioned in said ptomissory note then remaining unpaid, with interest acuued. ~nd sll montys s~ax~d. hetaby, shall b~oorne dw and p~y~
abte fathwith, or thcreaRa, ~t the option of said MORTGAGEE, as fully and cempktely as if all of the said su~M of ~y vwn aplnally ~tipulaf~d
ro be paid on such day. anythug in safd prom~uory nae w in 1lus Mortpa9e to tM ca?rr~nr nonairlnrand'u~p: and tM.wpon a MwreaNM at tM oWion of
sa~d MORTGAGEE, without notice w demand, suit at law w in equity, therefwe or N~re+h~+ beyun. m+r b~ Pro~acw~d a ff all maNys ~KUnd hNtby
had matured prwr fo iK institution. ?
7. That in the event that at the beginning of w at any time pendinp any wit upon this Mwty+y~, or to fw~doN tt. or 10 ?~form h. or to ~n~ota~ '
paymcnt oi any daims he?~under. ssid MORTGAGEE shall apply to the Court Mving jurisdiction therw( for tM ~ppoinfm~nt Of ~ R~oeivM. wth Cowt ~hall
for~hwith appoint a receiver o( sai~ mortgaged property all and singular, inclvd~og all and singvlsr the inoarr, pofifs, isfuN Md rwMUM froen what~vN
scurce derived, each and every of which, it being exprossly understood, is hereby mortgaged u if apKifitally Nf fOrth ~nd dNVib~d N N~i pr~ntiep and
habendum clauses hereoi, and such Receiver shall have aU the broad snd effective funct~«n and powen in ~eywis~ eMn+st~d by a Covrt q~ R~alva. and
s~:h appointmau shall be made by wch Court as an sdmitted equity and a m+ttet of ~bsolut~ riyht to said NIORTGAGEE, ~nd without nfN~nq ro th~
adequacy a in~deq~acy of the value of the property mortgaged w to the sonrency w inwlvency of said MORTGAGOR or tM d~fMdanri, and that weh
renrs, profin, income. issues +nd revenves shall be applied by such Receive~ accordinp to tM lien a pvity of a~id MORiGAGEE and tM praetic~ of weh ~
Court.
8. To duly, pro.nPtly snd fully perform, d'acharge, e:ecvte, effect, eomplete, comply with and aki~de by wch ud ewry fM stipulatioiu, prMnwnl~.
conditionf and cove+»nts in said promiuory note and this mortgage set fath. '
9. That in Nle evem the ownership of the mortgsged premises, or ariy p+rt thereof, beeomes wsf~d 1n ~ PKton ot~+~? th~n th~ MORTCrAGOR• t!N
MORTGAGEE, its successws and suigns, may, without notice to the MORTGAOR, deal with such succ~sso~ or ~+a~tsw in int~resf with rtfa~na ro thb
mo~tgage and the debt hereby secured in the ssme manner as with Nbrtgagw without in My way vitiatinp a d'acharyinp tM. Matpapora' li~bdlity her~
u~der or upon the debt hereby secured. No sale oE the Fremises hereby mortgsged and no forbear~noe o~ tM p~rt of tM MORTGAGEE or its woo~ssors
or assigrn and no extens~on of the time for the payment of the debt hereby secured given by tht MORTGAGEE or its tutoessots or ss~ipM, shal~ aWraf~
ro release, disthsrye, rradify change or affect Ihe original liabitity of the MORTGAGOR herein, either ie whols or in pan.
10. It is s~+edfically agreed thst time u of the essence of thia contract +nd that no waiwr of any oblgation Mrwnder or of th~ oblip~ti0n N~
cured hereby shatl at any time thcreafter be held to be a waive? of the terms hereof or of the instrwnant s~cw~d h~rby.
11. In add~tion to the forego:ng monthly paymmts of princ'pal and interost required by the promissory note setured hereby, mwfppor town~M~
and agrees to pay to mwtgagee with each monthly payrnent an add~rional sum estimated by mortgsgee to be eqwl M 1/12 of ths annwl oosf of th~ fd{ow-
ing:
A-All real property taxes levied or assessed agai~st fhe above described real estate.
B-Premiums on fire and windstwm insurance as herein requ~red to be urried on the imp?ovem~nt~ situab on tht aoov~ dewib~d pr~mi~et.
C-Premiums on such mortgage guaranty irtsvrance as mortgagee shsll from time to time deem fit fo urry on fhe loan tetured Mreby.
~ Mwtgsgee shall from time to time notify mortgagor in writing of the amount due and paysble hereundet ~nd s~tl~ wm shal) tMtwpon b~ due and
k Fayable on the due date of the next monthly payment and each successive month thereafter until morTpagee shall notify mortgsgor of • thsnp~ in such ;
C a~,o~nr. $uch sums shall be applied by mortgagee toward the payment of real property taxes, inturance pr ums, and mOrf +ge p (ewranu ~
' premiums. _ -
IN WITN EREOF~ t said RTGAGOR has hereunto set his hand and xa( the d~y a yea f afotesi ~
• s ' er of: /
~
~ / i
n #
n--n
~ ~
S?A:E OF FLORIDA ~
St. Lucie
couNn oF
Before ms persanally appeared Thoma s J. MeGaw ~ a s inRle a du 1 t xx,a
TK~~ to me well known and known to me to b~
the individwls described in ard who executed the foregoiny instrwnent, and atknawledged btfote m~ that they e~cecvted the ~ams fo~ tht pwposes
therein expressed. ~'9[I~,1Gi.X0.tiY
;~1E~~7[lGZ~~a7c • v.w~nrrf40!!!D[~fl9[ ~
~ 7E3~C~7olGaE _ 4
~ WITNESS my hsnd and official seal thi day of A. D. 19S~.L._. ~
_ - ~ .
Not Public in ~nd for tlw StsN of Horida at L~tp~•• ~
My Commiuion ~xpinss . ~
Retum Ta. ' $ ~ 1 ~
Finf-Federsl Savirgs b Losn Association . -
, , ` `j.-
Of Fort Pierce. ~OTARYf'l1OI!~~ ST~Tr „s n ~~+,rA at fARGB ~i • - ~ -
w.t r• . F My Ce:a:;,~;>:~:i _;.,:;•r. 2~. t9s8 -
FILED ~~0 ~~~ORDED , ~ " ~ _
S7. LUCIE COUNTY. FI.A. ~ONDGD TFidv~K.t~,` o«ST~wo~ ~ ' : _ '
. ~r
RECOR~J V~RtF1E0 ~~/~'/6~ ~ = f'
' ~ r`., ~ .
. T ,
`f .n,l•.
'61 AP~ 28 PM 3:39 ~ ~
.
.
CLERK~CIRCUI7 COURT BOOK~UV PACE 342
~ ? tJ •
7
, r~ . _ =';'"`-~..~.~`;~-~~s'"`. .
w'~-:..,=s. „~r , .;p , - '
~ -
x:~