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HomeMy WebLinkAbout0268 j J. To plao~ and contiew~oualy ksep on tM bvitdings now w hereait~r sitwh on i+id land s~?d on ~11 ~qui{xnMl ~^d Pa~°^~Ih/ c°wr~d b1l ^~b' p~. witA all pt~miwns ther~on p~~d in fvll, fire insu~ance in the usual s~andard policy form, in • swn approwd b~1 tM MORTGAGEE, M+d win~ktorm in~uranc~ in tM uw~l iundud pol3cy fam, i~ a sum approved by tM MORTGAGEE, i~ s~th comp+~Y or ownP~niN a iM MORTGAGEE may d+'rect: and all fir~ ~nd wie~torm insurance poti:ies on +ny of f~id bV1lflin~i. ilfy 1111Hf1t tI1Nf111 Of Pif~ ilNtlOf, in tM +p~rep~t~ wm afons+id a in ~xctss tMnof, sh+ll contsin ths vswl standud ma~gagea clavse or i~ch othw tl~us~ ~s th~ Mat9aye~ mar nquin. n?+tirg Ih~ loa w+dK ~+id Pd4 cie~, exh u+d ~very. paY+bl~ b s+id MORTGAGEE as i~s intere~t may ~pp~a~. ~~d eath u?d ~vNY s~cA Pcliq shall b~ prornptly ~ss:pn~d ~nd d~liwr~d ro •ny h~W by s~id MORTGAGEE as tu~tha sec~~ity to said m«rga9e debt. snd. not leu thsn t~n (10) days in advana of tM ~xpir~tion of Nth pol'~ty. to dr I~v~? to wid MORTGAGEE • rMtw~l thKeof, aqe~her wirh a rece~pt fw dx prcmium of such re~ewalj and tF~t ~h+ll b~ oo fu~ w windatam inwranc~ plxed on ~ny of s+id buiWin~s, any interesf tF+e~ein or parl the~eof, unteu in ~he form and with tM loss pay~bl~ u+foniaidt u+d In tM ~v~nt any wm of mon~y becan~s p~y+bl~ w~der such policy w policies said MORTGAGEE shall haw tM optan to recsiw and ~pphr tl+~ sam~ cn accouM of tM Ind~bted~ neu senx~d I+sreby or w p~rmh said MORTGAGORS ~o reteive and use it o~ any part thereof fw otF?e~ pu~poses, without thsreby waiving a~mp+ir- iny any pvity, lisn a rqht vnder or by virtue of this mo:sysga; and tn tl~e ~vent said MORTGAGORS sh~ll for any reasa? f~il to keep tM ~aid pnmiies w insured, o? fail to dtliver promptly ~nY of uid polities of i~svrarxe to s~id MORTGAGEE, or fail promptiy to p~y fully sny premivm tMtt(o~ a in aall respect fail b perfonn, d~schar~e, exec~t~, effed, compl~te, comply with and abide by this oove~+nt, or any put hu~of. aid MORTGAGEE may pl~a +nd pay fa ~uch inwrancs or any part thereof wi~hout w~iviny a affecti~p any optia~, lien, puity.-a r'pM undu or by virtw of this Morty+p~, and tM full amovnt of esch and ewry such payment tha~l be ~mn+ed'ute~Y dw +^d P+Y+bb and shall beu iat~r~st fran th~ dat~ thKeof until p~id N tM ru~ of n~ne pa centum pa u+num ~nd together with such interest shalf be secured by the li~t~ of this mortp+ps. 4. To p~rmit, oommit or suffsr no waste, Impairment a deterioration of s~id prope~ty a any p~rt thereof. ` S. To p+y ~II u~d sinpulsr the cosb, charges and expenses, uxluding a reasonable attomey's fe~e and costs of abstr~ett of titl~, lntumd or p+id ~t ; any time by s~id IYIORTGAGEE, betavse or in the event of the failure on the pa?t of the said MORTGAGOR w d~ly, p~omptly ar+d fvlly p~rfwn+, discMrqR ' a:ecuts, effed, oamplete, comply w~th and ~b;de by each and every the stipulations, ~greemenn, condirions, +~d aow~+^n of said pranisswy nor• and ~his mortgapa ~ny or ei~he~. and ss~d costs, chu~es +nd expenses, exh and every, shall b~ immediarely dve and p~ysbl~s wMth~r or ~ot thKe b~ r,otict d~ ma~d, ~ttsmpt ro colket or wi~ pend~~+g; and ~he fult amaun~ of each and every s„ch payment sha11 bea? inttrt~t fran tM dNt tMr~of unNl p~ld ~f rM ra~e of nint per tentum per an~wm; and all said costs, charges and expenses incurred or p~id, fOg~11~0~ witlf tYCI~ IMKNt, shal) b~ Ntut~d by tM Wn of fha mort~~y~. - 3 6. TMt (a) i~ the event of any brexh of this Mwtgage or default on the pan of the AhORTGAGOR, or (b) in fhe ~wnt ury of ~id swns of ~rwewy herein r~fNred to be not promptly and fully paid w~thin ~hirty (30) days next after ~he iame severally becomt dw u+d P+Y~bI~, wlthoW d~m~t+d or ~wt~c~. ~ or (c) In th~ svent e~ch uxl every the stip~lations, agreements, conditions and coven+nn of ~s~d promissory nob and Mi~ malpp~ ~ny a~ithe~ an nol iuly, promptly and fuly perfo?med, d~scharged. execured. eifected. complered, complied wirh and abided by, tMn in ~ithM a~ny such ~v~nt tM uid a¢ ~ gregate sum mentaned in said promissory note then remaining u~paid. with interes~ acuued, and all moneys s~cw~d. her~bY, shall b~oom~ dw snd p~y~ ab!e fOftl~WitA, O! tIflfNffK, at the option of said MORTGAGEE, as fully and completely as if al) of tlu aid suins of nae~y vwn oripln~lly atipulHld ro be psid on wch d~y. ~nything in said promissory note or in this Mo?tgage to the contrsry notwitFut~ndinp: ~nd tMr~upon a tMruh~r ~t tM optioa of seid MORTCaAGEE, withovt notice or demand, suit at Iaw w in equity, therefwe w tMreafttr be9~e4 en~y b~ ptowcut~d as if a~~ montY~ Nd?r~d hatbY had matuted priOr to iq irotitution. 7. Th~t in ths event that et the beginning of or st any time pending any suit upon this Mo?tya~, o~ to fontlos~ M. o? to r~foree h, or M~nfwq payrt:tnt of sny dsims herc~ndt?, s+id MORTGAGEE shall apply to the Co~rt havi~+g jwisdiction therwf fw tM appointment of • R~ctiver, wch CouH fh~ll forthwith ~ppoint a receiver of saijl mortgaged property all and ai~gvlar, includ~ng all and sirgvlar 1M inconw, profin, IssuN and nwnws fra+n wh~t~v~r source derived, each ~nd every of which, it being expressly understood, ii F+ereby mor~gaged as if tp~c~fiully ~et forth ~nd dewiMd in tK qr~ntinp and habendum dauses hereof, ~+d such Receiver shall have all the b?Qad and effective funct~ons and powen in ~nywia Mtrusted by ~ Court tp a R~uiver, ~nd :uch appointment shall be made by such Court as an admitted equity and a malter of absolute ri9ht ro s~id MORTGAGEE. ~nd withovf refer~nct to f1N edequacy w in~deqwq of the value of the properry mwtgaged or to the sonrency or inwlvency oi s~id MORiGAGOR a tM defendan», and tlut such rems, profiri, incane, issues and reyenues shall be applied by such Receiver accordug to the lien or equity of ~id MORTGAGEE and the pratfio~ of wch Court. . 8. To d~?ly, promptly snd fully perfwm, diuharge, exec~te, eifect. mmplete. comply with ~nd abida by atb ~nd ~wry ths stipul~tions, ~rNrtMnt~. conditaro and coven+nh in said promiswry note and this mortgage set fwth. ' 9. TFwt in tl~e event the ownership of the mortgaged prem~ses. w ~ny part thereof, becomes vested in a p~rwa othe~ than tM MORTGAGOR, th~ MOR7GAGEE, its wccesson a~ su~gns, may, w~fhou~ notice to the MORTGAOR, deal with such sucuuor w~ in inisreq with nfennu fo thi~ mortg~ge and the debt hereby setured in fhe same manner as with Mortgago~ without in any way vifiatiny or ~ttlwryinp tlK Mwtq~pOn' liability h~rt under ar upon fhe debt hereby secured. No sale of thr premises hereby mortgaged and no fwbesr~nct on 11w part of tht MORTGAGEE or iri svaeuwa or assigns and ~?o extension of the time for the payment of the debt hereby secured given by the MORTGAGEE a ib ~ucoessors or as~ipra, ah~ll op~rat~ to release, distharpe, modify change or affect the orginal liabil~ty of the MORTGAGOR herein, eitF~er in whole or tn part. 10. It is specifKSlly_ agreed that rime is of the esserxe of ~his contracr and tMt no wiiver of ~ny obli~~Yan hKeunder or of tM oblipation tr ~ cured hereby shdl at any time theresfter be held to be a waiver of the terms hcreof w of the instrumeM secw~d herby. ` i 11. In additro.~ to the forego:ng monthly Fayments of prin~ pal arid interest ~equired by the promis~ory note setu~ed hereby, rnort~agor tovtn~nts ? and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgsgee to be eq~~l t0 1/12 of the ~nnwl twt of tlt~ follow- ' ing: , A-All real prope?ty taxes levied or assessed aga~nst thc above described reat estate. ~ B-Premiums on fire and windstorm insurartce as herein requ~red to be carried on the improvemenri sifuate on th~ above desuibed premiNS. C-Premivms on such mwtgage guaranty ins~rar~ce as mor~gagee shall from time to time decm fif fo carry on tM Iwn ~etured hereby. Mortgagee shall from time to time notify mortgagor in w~:t~~g of the amount due and payable hereunder and suth ~um shsl) thereupon be dw snd payable on the d~re date of the next monthly payment and ~,.S successive month thereafter until morfg~gee ~MII notify mortgagor of a thanp~ In s~rch -~uvn1. $uch sums shai{ be appiied by morlgagee fowa•:i ~'~e payment of real property qxes, insvrance premiunu, and morfyspe ~wnnty I~surance premiumf. IN WITNESS WHEREOF, the said MORTGAC~R hrs herc~~nto set his hand and seal the day snd y~ar t ~fwes~kl. , Sipned. S~aled snd deliver in the presence of: ~ aq ~ ~ n . ~ STATE Of FLORIDA ~ couNTtr oF St. Lucie ~ Before me personslly apptared T 1 Avd Tavl nr ~nd C lo t i lde F. Tavlor his wifq to me well known and known to me to b~ ' the individwb described in and who executed the foregoing instrument, and scknowl~a before me thst they executed the ssme for tM purposss ; ,,,C,~;,, .~.~a. ,4,d t~ C lot ilde F. Ta lor ~ # wife of tl+~ wid ~y ~I' - upon • sep~r~te ~od privat~ exami~ation by me taken separste end apart from her said huaband, acknowledged to and before m~ thst she executed said instrument freely and volu~ rarily u~d withovt any oompulsion, constraiM, appreFxnsion,~fear of or from het said husbsnd. WITNESS my Mnd and offici~l sesl thi~ 7 """day of 'Tul A. D. 19~ ,,t`~_ . , i, . , : - ~ Nots Publk in and fot the Stat of ~d~~t Lar - ~ . ~ ~ ~Q' ~+?r c 3 l, ~`6 ~ •-Rer~;.i,~r~: " ~fILED ANDDUN~~`~'' r;"_- . ri?s.r_ Fede~aY~~~i Q u~~E ~VERIFIEO . ~ , . _ ~ _ =F ~a?Re , Rp ~~~yyyIII~~~ ~ ~:;s ; • Fort ierce: _ 1~ "n ; . . . ~ ' fort Piert,e\Ft'aids. - . ? _ ~ ~ ~ - . - . _ . - .'.!6T JUI. 7 PM 3 : Os . ~ ~ - , : ~o ~'pbi'fa~s ~ . CLERK CIRCU17 COURT ~ ~K ~fi7 o~~f 265 - :1 ~ ~iJ - ~ ~ • ' • ~ _ 5.:-., .#-.,r~a.~ T . . . , , . _ . _ . . - ~ ~ - _ _ - - ~A '