HomeMy WebLinkAbout0691 To plao~ ~nd oontiiwously kNp on tM bui~dinp~ ~aw or Mr~ahw ~tv~t~ on s~id Ia~yi ~nd on all puipnMt ~nd p~non~lh oover~d by th4 nwrt4'
.Qa, wi~b ~H pr~nwmr tMrea~ p~~d in full, fira insw~nc~ in ~M wual stand+rd policy torai. in • ~wn approwd by tM MiORTGI?GEE. ++d wind~tor^~
ineuranc~ in fM usual uandwd pol~cy fani. in a sum ~pprowd MI ~M INORTGAGEE. in wch. toTP+^Y w oompani~ a tM MORiGAGEE n++Y
dtrec+r ~nd aH fin ~nd windawnn irnu~a+o~ poticws on ~ny of wd buiW~„ ~ny inh~t tl~~in ot P~ IMrwf, In tM +pp~p~~~ wn~ afa~W a
?n ~sua tl~enof, sMil oontsi~ tF~ wwl aawl~d iao.rya~ clauN a sucb ahM d+uN a. tM Mortp+pe~ m+Y nqvih. m+l~inp ti» bu w~ a+id Polb
cies, ~~th ~r?d ~wry. WYabl~ to said MOaTGAGfE u its intorosl n+ay ~ppN?. and Nth and wKy Wch Po~icY.aMll b~ pranptly ~qn~d and dtiiv~t~d b
any I+dd by s+id MORTGAGEE a funhN sacwity ro ~aid mortys~ debt. s~ nW bss than Nn t10) days in advaen of tM ~xptr~tion of ~ach policy. ~o dr
i~Jer to ~aid MORTGAGEE a ren~wal thsrwf, topethN with a receipt tor tM pr~mium of wd~ nnhwalj ~nd thK~ tMll be no fin a windatam insu?snq
plx~d on any of s+id buiWirqs, ~ey intaNt tM+ein w p~n 1Mrwf, unl~ss io tha fwm ud with Ih~ losf p~yabl~ a~fonsaidt ~nd tn th~ w~M H?y tu~n
of mo„~y bsoo~nw p~yabb wwM? wch policy ar policip s~id JNORTGAGEE sMll Mw tM op~ian to nc~iw ud ~pply tM ~ on ~ccow~t of th~ ind~bred~
neu ~nx~d Iw~by a b pe.mi~ s.id MORiGAGORS ~o ~~oeiv~ aod ua~ it a ~ny put tMreof fw othe~ pwr+osa~, w~~hout ihK~b~ waiv'uy. a in?pak•
ing a~y p~ity, lien a rqht under w by vtrtue of this mortys~~: a~d in tM ~wnt wid MORTGAGORS ~A+11 fa a+y rw~on fali to kesp th~ said prKnisM so !
insu.ed, or faA w deliver p~omptly ~ny of said policits of insw~nu to s+W MORTGAGEEt a f~il promptlr ro pay fvlly ~oy pr~miwn therefor w in a~y i
?espec~ fail b p~rfwm., dsdw~. ~x~cvt~. ~ff~ct. camptets, oomPy wNh ~nd abid~ by Mib aown~M. a uW P+~t Mnof. s+W MORTGAGEE may pl.c. •r+d ,
pay fw such infwanc~ of any part thereof wMhout w~hinp o' ~f#Kti~p +nY oPtion, lien.~ puib: 01 ripAt urdK ot by virlw of tl+is Matppe, a~d tM ~
f~u amo~or of .ach .nd w.ry wd+ paymen~ shall b. immedwtely du~ and p.yabb ~nd ~I+sN b.a. tn»nsf fron+ tM da» Mwrwf unrN p.1d ~t tM ~a» of ;
nine pK antwn pN amum and toy~the~ with svch interest shdl b~ secvrcd by tM li~n df N~is nwrtyap~. i
1. To pKmit, aommit o~ wfftr no w+st~. impairment or d~r.rior~tion of ~aid prop~rty a~ny put tMraof, y
5. To p~y ~11 aid ~Nqvb? th~ coata. ci~rp~ +nd exP~ue~. indudinp ~ n~sorwbl~ ~ttorMy's fe~ and .oost~ of ~Mhactt of titl~, 4Kwr~d w paid at 3
any tims by said MORTGAGEE, b~avs~? w io tM weet of ths fsilw~ on tM put of tM said MORTGAGOR ro duly, promptly and fully p~rform, di~cMrqR i
execute. effed, tomplete, oomply with aed ~bide by each ~nd every tl+e stipulations, ap~n», conditiora„ ~nd aownants of uid promiswry no» a+d thi~
mongays sny w ei~her, and said costs, cMr~s and ezpamet. each ~nd wery. ~h+ll b~ imn~diately dw u+d pay~bl~t wMtFwr w not tM.~ b~ notiq ds
~r,s~d, athmpt to colkct ar wit p~ndng~ and tM full amovnt of ~sch ~nd ~wry wch paym~i~t sh~ll bear intK~st han tM dah tMnof unHl pald ~t tl»
rare of r?in~ pe? tentum par wwm; and ~II said oost~, thar~ and txpM+aes ir?wr~~d w paid, topttM? with such IntuNt, ~hall b~ Ncvrd by tiN li~n of tiw
~
mo~tyayl.
6. That in the event of any br~ach of tha Matyap~ w d~favlt on ths part of the MORTCAGOR, a(b) in tM ~wnt any of ~+id wms of nwrwl
F.erein roferred ~o be not promptly and fully p~id within thirty (30) d~ys nex~ ahe. rhe sam. wvera~ly b~can~ dw ~nd payaW~, wt~hout d~mand a nona.
or (c) in /M ~vent tath and ~wry the sti~wbtions, ~gr~ernsnb. eonditions ~nd cown+nb d said pron~ksory not~ and thi~ morlpap~ any o~ NthK ~n eal
iuly. P?«npry a„d t„iy Pvform.d. d~uMrped, execv»d, effecred. canPlst~d, oomP~~d .vith and abW~d dN. tFNn M~itM? a u~y wch ~wnt tM ~atd aP
gregate wm mentioned io taid promissory ~wt~ then remaininp unp~id, with inr~r~st ~cvwd, and all mon~ys s~ew~d.lwr~by, ahall b~oonr dw uid pay~
able fwthwith, a thcreaher, at the option- of ~aid MORTGAGEE, as fully ~nd compl~ttlr a~ if ~11 of tM aid san~ of mon~y w~n agfnally ~tipul~t~d
ro bc pa~d on such day. snythiny in sa7d promiuory note a in this Mort~~pe to 1M oontruy notwitMtandlnpt +nd ~ha~uPoe a Nwn+h~r ~t tM op~ion of
aeld MORTGAGEE, without oorice o. demand, wit st law q in p~ity, ther~fws ot tMrsafi~r bspue~, nwy b~ pra~eut~d a ff all mon~ys Neund Mnby
had matured prior to iri institution.
7. Thst in the event that at the beginnirg of ar at any tims pendirg ~ny wif upon this Mapap~, a fo hncloN h, a to nfonn If, w to ~nforp
paymenf of any ds~ms M.woder, s+id 1NORTGAGEE sh+ll •pply to rhe Coun h~vinp jwisdKt'an thenof for th~ appointnNnt of ~ Rioeiwr, wch Coun sh+ll
Forthwith appoint s receiver of sa' mortgaged property all ~nd singulM, includ~ng all and sirgvlar tM ineorn~, profits; b~uN and nv~nva from whattwr
sou.ce derived, each and every o~whKh, it lxinp expreuly unde~stood, is hercby mortg~p~d ss if ~p~cifiully ~et fath ~nd d«crib~d In thi pantinp ~nd
habcndum cla~nes hereof, and such Receiver shall have sll the broad and effettivs funct~oro a~d povren in ~~w4e ~ntruit~d by a Cowt p~ R~a1vN. and
sUCh sppointment sh~tl b~ m~de by wch Caxt as ~n ~dmined equity and ~ maner of ~bsolvt~ ripht to ~aid MORTCsAGEE, and without nfa~na to th~
edequacy or k?sdequacy of the vatue of the property mo.ryiged w to the sohrency a insolv~ncy of s~id MORTGAGOR a tM d~f~ndann, and tlut such
renrs, profits, tncome, iuues snd reve~?ues sh~ll b~ applied by such Rauiver xcordirp to tM Il~n a puity of uid MOR?GAGEE ~nd tM prattia of such y
Court.
6. To duly, promptly +nd fvlly perform. dacharpe, exetute, effect, ca~lete. oomply with ~nd abW~ by Nd+ and swry tM tNpul~tio% prMerwnts. !
co~dit~om and covenann in said prombso~y note and this mo~tyape set forth. ' . ~
9. ilut in th~ event the awnership of ths mo.t9+ped Wemises, or uiy part therwf, Moomes v~shd in a p~rwn oth~r thw~ th~ MORTGAGOR, th~
MORTGAGEE, ib svaessors and auipns, may, without notics to ths MORTGAOR, deal witt~ ~uch suta~ser a~uanta in imaat with nf~rMa to thb
mortgage and the debl hereby secuted in th~ same ma~ner as with Mort~w without in aey way vttiatlnp or d'acMroirg Nw A1lortyapas' liability h~r~
under or upon the debt hereby secvred. No sate of the premwes I~ercby mortgaped u+d no forb~ar~no~ on tl~e put of tM MORTGAGEE a It~ waes~ori
or auigns and no extensan of the time for the paymem of the debt hereby secu~ed yiwn by tl~. MORTGAGEE w its s~caawn or auipnt, ahall op~rN~
ro rdease, disch+rye, modify change a affect the atgSnal liabiliry of the MORTGAGOR her~in, either in wFwl~ or in put.
10. It is specifically agreed that time a of the es~ence of this ao~tnct and tMt no w~hr~r of ~r~y obltpatbn liaeund~r or of fh~ oblipation ~
cvred h~?~by sMll n~riy tirne thereaher be held w be ~ wsiver of the t~rms hereof or of tM Listrutn~nt qaund FMrby.
11. In addiYan ro the fwego:ng monthly payments of princ:pal and interest reqvir~d by the pran'usory not~ ~ecwed Fiereby, morfppor oown+~t~
` and agrees to p~y fo mortgagee with each monthly paymmf a~ additional sum estim~ted by mortya~~ to b~ eqwl M 1/i2 of tM annwl cast of tl» folfow-
ing:
A-All resl property taxes kvied or assessed agsinst the above described real estate. ~
B-Premiums on firc and winditorm inwiante as he~ein requ~rtd to be urried on th~ improvemMb sitwte on NN abov~ d~scrib~d ptNn1Nl.
, C-Premiums on wch mwtgsge gvuanty insurar~ca ~s morlgayee shall from turK to time de~n flt to urty on tM ban ucw~d h~r~by.
Mortgagee shall from time to time notify mortgsgor in writing of the amount due and psyable hereunder and such s~m shall N~erwpon b~ dw and
payable on the dve date of tht next monthly payment and each successive monti~ thereafie~ umil mortyape~ shall notify morfyagor of • thanp~ in such
aTO~nt. Such wms shall be applied by mortgsgee toward the payment of ?eal prop~rty taxes, insur~nu premiw~u, and marfyape ~wnnfy Inw~anct `
,
premiums. -
i IN WITNESS WHEREOF, the ssid MORTGAGOR hu herev~to set his hand and asal the day and yur firat doraaid. !
F
Siyned. Seal~d and ed i of: '
, • ~
~ n ~
~ _ ~ n
~--n
STATE OF FLORIDA ~ ,
couNn oF 3t. Luai• ~
~ Before me penon~lly ~ppearod Warren F. Young
L~ilAn H~ Yeu~ his wife, to m~ well known and known to ms to b~
~ the indiridwb described in and wFa executed the forepoirg instrument, and ~cknowkdped befor~ m~ that tMy ~x~wted ths s~rn~ fot tht pwposa
~ therein ~upress~d. And the said Lin~A g~ Younar
~~re of ths ..~a i~lg~ren F~ YatV1Q ,~on a~rate and prtva»
examinaYan by me tsken separate snd spart from her s~id husband, ~duwMrledped w and befon en~ that ~he ex~wted said instrw~xnt frealy a~d volurn
rar~ly ud witF~w? ~ny oompubion, corotwint, apprehemion~o? feu of or from Fwr said iMnb~nd. L.~ :
WITNE55 my h~nd and officisl stal this day of ~ 19~.1~ !
. ~c:c••::: -
s~, J y''.,~, • Notary btk in and th~ Stat~ of Florida ~t luy~
a . M~I Commwion ~xp~r~u •
, - •RetwR .Ta - ,
Ftnt E~d~t , 5~v1qDs ac losn Association ~1~ ~ STATF p/
, _ ' bf Pcrt! P~~rce. ~ CO
~S K E)(ryRES ~A ~ ~
,~,rFO[f Pierc~, flwida FILED AND RECOR~ NDEC THRO~,H FQED ;~y pI~E~L~RI~O
_ ~ G : , ST. ~UCIE COUNTY. ,
' p J ~J ~ ` : FtECORD VER1FIED ~
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~ . '61 JUl 14 PN ~ : 02 .
. ~~~0 . g~K ~s7 ~~E 689
(tOGEf? i•OiTRAS
CLERK CIRCUIT COURT
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