HomeMy WebLinkAbout2338 To pbc~ ~nd oontinvovshr ke~p on the b~itdinps now a hcreafrer situat~ on s~id land s~d on ~il equipm~nt and p~rson+lly covK~d by this ~tp~ :
p~, with ~II pr~miwm thsr~on p+id in full, fin insurance i~ tM uiwl uandard policy form, in a sum approwd by tM MORTGAGEE, and wle~tam ;
k,iuruic~ tn tM ~nwl u+rdud pol~cy fam, in a sum approved by tM MORTGAGEE, ie wch company w oo~nWeia a tM lNORTGAGEE may ;
directt ~nd all fin and winditum i~awanc~ polKies on ~ny of u~d bvild~nps, any int~rest tiw~ein w part tlwwf. in tlr appreq+t~ ~wn ~tor~~aid a ~
in ~ap~s tMnof, shall contain tM ~wal uandud mon9agN clavss o~ tvcF~ otha dav~ ~s th~ Mat~a~a~ may rpuin. m+kinp tFw bs+ w+dK ~+id PdF ~
cle~, tad~ and tvery. paYabl~ b~id MORTGAGEE +s its interest may appear. a~d tacA and every such poliq ahsll b~ pompNy ui:9~ed and d~liver~d to
any h~W by said 1NOkTGAGEE u fu?thsr sacwity ro said ma~9aye debt, a+~d, not less tMe ten (10) daYS (n ad.+nc~ o( tM expk+tion of ~ach policy. to dr
live. to s~id MORTGAGEE ~ rtmwd tAtreot, toye~lwr with a rece~pt fw ~he pranium oi such ren~w~l; ud t1+K~ shall b~ no f'u~ w winditwm inw?~ea
pl~c~d on a~y of saW buildinps, ~ny interest the+ein or parl thereof, unteu io the fo~m and with tM (oss pay~ble a~iw~faidj a+d io tM ~vMt ~M? swn
of nwney b~cpn~s payable w~d~r wch policy w polKies said MORTGAGEE shall haw ~hs optan to receiva ~nd ~pply tM wn~ on uco~mt of tM ind~btsd~
neu s.cw.d ha~by a a p.rmi~ aid MORTGAGORS ro ttceive ~nd use it a a~y part thereof for other pwposes, wi~hout therob/ waiviny a im~k-
infl ~nY pvity. 1'~en o~ rght w~dsr or by vi?tw of this morlya~e: and in the event ~sid MORTGAGORS shall-fa ~ny ?~sson f~il ro ke~p tM aid pnenisn w
inwred, w fail b d~livK promptlr u?y of said policies of insura~ce to said MORTGAGEE, w fail promptly to pay fu{ly ~ny prNnium tha~for a in sny
resp~ct f~il b pKfwm, dixFwy~, ex~cute, ~ffect, complete, comply with and ~bide by this covN+ant, w~ny part herwf, aid MORTGAGEE ~++ay pl~ and
p•y fw wch imw~ o~ anr put rhKnof without w~iviop w affoctinp aoy optioo, li~n, eqviry, a ~~ph~ w~da a by virtw of tMs Mort~y~. and tht
f~ll amount of e~ch and ewry wd+ p~yrnN+t shall be immedi~tely dw and p+yabb ~nd shall bear intKtat from tM da~~ tMreof w+til paid at the wt~ of ;
n~n~ pK p~tum pa ~mum ~nd toy~tha with such interest shall be sacv~ed by the lien of this moctpp~. • -
1. To p~m~it, aommh a wff~r no wute, imp~irment a deteriw~tion of said properry o~ +ny p~rt tMreof.
S. To pay all a~d sinpvlar th~ costs, chargea u+d expenses, includ;ng a reasonable ~ttwney i fes and oosb of abstracn of titl~, incvn~d w p~id
any time by said MORTGAGEE, b~tav~~ a io tl+e ewnt of the failure on tM part of the s~id AAORTGAGOR to duly, promptly and fupy p~rtorm, doch~ro~
exavr~, ~ifect, oomplete, comply with u+d ~b1de by exh and every the itipula~ions, agreemenrs, conditioro„ ~nd cowMnq of aid pranis~ory nob ~nd thi~
mortpp~ ~ny or eithe~. and taid coats, thuyes and expenses, each and every, sh+ll be immediately dve and psyablei whetM? or not tMre b~ r~otiq d?
mand, attempt to coll~ct w wit pa~dlnqt +nd tF!e full amou~t of each and every :uch payment shatl Ixar intK~t fran tM d+b tMr~of until p~id ~t tM
rate of nln~ per centum per uwwm; and ~II said msn. charges and expenus intwred or p~id. togtther with such inNr~at, ~II b~ Ntur~d by tlw li~n Of fhy
mortpap~. .
6. 7Mt (a) in the evMt of any breach of this Mwtgape w defaulr on the part of the MORTGAGOR, a(b) tn tM ~wnt ~ny of wid wna of rt~orny i
herein r~fKr~d fo be not promptly and fully p~id within thirty (30) days nex~ afte. the same severally b~ca+M dw ~nd p~yabb, witho~t d~m~nd a notia,
or (c) In tM ewnt each and ~very the stipulations, agreements, cond~tions and coven+nn of sa~d promiuory note ~nd this rta?tp~p~ any a ~ithe? ~n no1
iuly, prwnpNy and fulN p~rformed, d'+scharged. executed. effected, complaed, complied with and abide~ by. tMn in ~itM~ or my tuch ~wnf tM s+id a¢
preyatt wm m~nta~ed io said promiuory rate then remaining unpaid. with interest acuued, and al~ moneys s~c~nd. Mr~bY, aMll b~oan~ dw ~nd p~y~
abt~ forthwith, a thsreaRK, ~t the option of said MORiGAGEE, ~s fully and completely ~s if all of the aid ~uma of momy v+~n oripin~lly iti~~4t~d
ro be paid on sucA d~Y, anyN~iny in ssid promiuory note o. in this Mortgage to the contrary notwifFutandinpJ ~nd IhtnuEwn w ther~+fta at tM opYwn of
ss~d MORTGAGEE, witlwrt notic~ or demand, wit sr law w in equity, thcrefore or thereafter be9un, nwy b~ proseamd a ff all ewn~ys acund Mnby
had marw.d Prar ro~n tru~~rwan.
7. 7Mt in tM w~nt tMt at the be9inning of or at sny t~me pending sny suit upon this AAo.tysye, or to ~orerlow h, or to nfam h, a to ~nfwa
payment of any d~irtn Mr~vnder, said MORTGAGEE shslt apply to the Court having jurisdiction therwi fa tM ~ppointm~nl of a Rtc~iwr, wch Court sh~ll
forthwifh ~ppoint a reteiver of si morfpsyed property aIl and singular, indud~ng all and sirgul~r ths incan~, profifs, issws ~nd r~v~ews~ ftom what~wr
wurce dsrivsd, esch and ~wry o~whKh. it beinp expressly unders~ood. ~s I+ereby mwtgaged as if apec;ficilly set forth ~nd d~wibed In thi pr~ntinp and
hsbendum daus~s hereof, ~nd such Receiwr shall have all ~he brosd and efiective funct~ons u~d powen in anywis~ entrwt~d by ~ Covrt fp a Reotiwr, and
such ~ppointment ahall bs m~dt by such Court as an admitted equity and a matrer of absolute rigM ro wid MORiGAGEE, ~nd without nf~nna ro tM
adeqvaty a Inadequaty of tM value of the property mortgaged w to the sonrency or insolvency of tsid MORTGAGOR or tM d~f~ndann, snd that ~uch
renfi, profits, Incomt, issws and revenues shall be applied by such Receiver xcordinp ~o the lien or equiry of ~aid N10RTGAGEE ~nd th~ practia of such
Covrt.
8. To duly, promptty and fulFy pe~form, dischsrge, execute, effect, complete, comply with and abid~ by ~ad~ and wtry tM stipulatio~t„ apn~nNt?ta,
conditioos ant! tovensnri in ssid promissory rate and this mortgage xt fwth. ' .
9. That in ths svem the ownenhip of the mortgaged premises, a any psh thercof, becomes wshd in • p~rwn otfnr th~n ths MORTGAGOR, th~ ~
MORTGAGEE, itt wccessws and ~ssipns, m~y, without notice to the MORTGAOR, deal with such sucuuot p Mxps~a in iMat~t with r~ferMOe to th4 •
mortyay~ ~nd ths debt hereby sacvred in fhe same mann~r as with Mortgagw without in any way vitistinp or d'ncMrpi~g t!r Morty~pora' IiabiUfy h~rt
under a upon tM debt hereby secured. No sale of the premises hereby mortgaged and no iwbesranos on th~ part of fM MORTGAGEE or i» waeswrt
or ass~ges and no eztension of the time fw the payment of the deb~ hereby secured ~iven by the MORTGAGEE or iri sucusson or as~ipeq, a1Nll op~r~f~
to release, dixharpe, modifp th~rge or affect the originaf liability of the MORTGAGOR here"~n, either in whole or in put.
10. It b specifics~ly agreed that time is of the eue~ce of this co~tract ~nd tMt no wi~ of any obl'~yaYan htrwnde? or of tl» obliyation k
cured haeby aMll at ~ny time theresfter be held to be a waive? of the terms hereof a of the i~strumant searr~d hKby. ~
11. In add~tio~ ro the forego:ng monthly paymems of print pal and ~nre.es~ requ~red by rhe prom~swry rate secured hereby, matp~gor cownams '
and a9rees to pay to mo?tyagce with each monthly payrnent an addirional sum est~mated by mortgsgee to be eqwl f0 1/12 of the ~nnw) co~t of tM follow- ~
ing:
A-All real property t~xes levied w assessed against thc a6ove described real estate. `
B-Premiums on fire and windstwm insurance as herein requ;red to be can~ed on the ~mprovement~ situate on tM ~bove dewibed pr~mis~s. '
C-Premiums on suth matgage guaranty insurarce as mortgagee shall from t~me to time deem fit to c~rry on the ban setu~ed hsreby. `
! Mortgsgee shall from time ro time notify mwtgagor in writing of the amount due and psyabk hereundet and tuth sum shall ther~upon b~ dw and
payabk on the due date of the next moMhly payment and each successive month thereafter ur.lil mortgagee shall nofify mortgagor of a th~np~ in such
amount. Such sums shall be +pplied by mortgagee toward the paymeM of real property tsxes, insvrante ptem:wns, and mortyap~ pwr~nty insutarKt
E premiumt.
IN WITNESS WHEREOF, th~ aid MORTGAGOR has hereunto xt his hand and sesl the day ~ or id. ~ ~
! Sipne S~abd aod d ivered i t• presencs of:
n
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~n
n--o
STATE Of FLORIDA 1 '
courmr oF Saint Lucie
defore m~ personally appesrcd and
his wife, to me well known and known to me to b~
tF,a individwb described in and wFw executed t1a for u?strument, 'and ackr~owledged before ms that they execvted the same for the purposes
lherein ex~.e•s~d. a~a e,..a~ Helen~g ,
wife of tM wid T~ F. v n Kin~ - , irpon • separ.re u~d priv.» i
exam~nstion by me taken separste snd apan from her said husband, adcnowledged ro and befwe m~ that she executsd said irottument freely ~nd vol~ir
rar~ty and withovt ~Mr compubion, constraint, sppreFiension. ~r~ex of w from her wid Iwiband. '
i~-
WITNESS my h+nd and offkid seal this day of A. D. 19~_
/ _ (/~~i
~ Notsry Public in a+d fw ths ~ ts of florida at luy~
My Commiuion ~xpires:
Return Ta '
F~~t Fed.rsl sa~rgs a to+r~ N?s~.t~w+ Notary PubGc, State ~t Florida at larqe
of Fo.r v~e.ce. My Comr.::ssion Expres hor. 3, 19b4
F°'' P'N`°, F'°"d' FI~ED ANO RECORDED ~~J•~ b. AI^N?iA F~.6 Caz+.itry Co, '
ST. LUCIE COUNTY. F :
~ECORO VERIFt~p~A.
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BO~OK PACE~36
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