HomeMy WebLinkAbout1899 ~ ~ . . . .
To pba N+d oonlNwou~h? kNp on Ih~ buildlnp~ now a hKaf~K Wtwa on s~td I~nd ~nd on ~11 squlpn»nf ~nd pKwn~lly cownd by thls ~wn~
~p~, with ~11 pr~n~ium~ d?K~on paid M tull, fir~ insw+nc~ in ~h~ uwal uandud policy (am. M• ~wa approwd by th~ MORTtiAGEE. and w1n~ls+au~
insurax~ In ~M wwl ~undard pol~ ta~, in • swe app~ov~d br ~M MORTGAGEE. M wch company a~oewpaMN u ~M MOR?GAGEE
d'uKtl u~d atl (k~ and wG~dslo~m 4awanc~ poGcie~ on any of Nid ouildinOf, ~ny inNrt~l thNein Of pa~t IAN~of~ M ~M aq9~pa~~ ww~ alaeu'•
In ucces~ ~hNeo/, ~hall canuin IM rw+l pandwd maqapN c1avN o~ wch ahK clava~ ai ~M Monpaqe~ nuy tp~ir~,, maMkiq IM loss wwlM sa~d a
cie~. each ~nd wKY. WYaW~ w said MORiGAGEE a itf (n~~~ht a~aY ~PWN. ~nd each and every sucA policy ~MII b~ pranp~lr ais:q~ed w+d dtliva~ •e
•ny Mld br ~~id MORTGAGEE funhN secwity ro ald nartpap~ d~W. ~nd, na I~u ~h~n t~n (la dap tn ~dvanc~ of ~M ~Ypka~ion of ~ach polky. ro r...
I~ver ~o ~a~d MORTG/1GEE ~ re~wal thawl~ ~o~ed+K whh •~ecNp~ Ea tM premiwn of svch ren~walJ u~d UKn ~h+ll b~ no t'a~ o~ wind~~am In+w~nc,
plxed on ~ny ol s~W buildirg~, aenr Inle~~s1 thsain a~ pu~ tl~wf. unb~s lo ~M (am ae+d wi~h ~h~ low payabl~ ~s da~uidj ud M ~A~ ~wa1 ae~ u«~+
of mw~ey becorna pay~bN w?ds~ wch poticy a policF.s sakl MORTGAGEE ~haU Mw ~M op~~on ro rsceiv~ and ~pply ~M uen~ on +ccoun~ ol th~ todeb~~•
ness secwed iwreb~? a w psrmit said MORiGAGORS 1o ret~iw and uss 11 a any pa~t tAereof la od~v purposes, wi~Fav1 ~hsrFb~ wa~vi~.p a rap+~•• .
tng any equity, IKn w rigM w~d~~ a dp vk~w of ihq morr~pej ~nd in tM ~vent sa~d MORTGAGORS sh+ll tor ~r r+a~on fail to keep iM ~+id p~emisN N
insurtd, or fail ~o delivs~ p~ampdr ~nr ot uid policies of inswanc~ ro aW MORTGAGEE. a fail prompdy b pay fully aiy p~mium ~hentp o~ (n any
reipea lail w pe~fonn, dixhu9e. ~aecW~. ~f(~ct, comploa, comply wi~h and abide by ~his covenan~, a~ny pu~ AKeof, uid MORTGAGEE eMy plaa a+d
pay (a iuch Inwrx~c~ w~ny pan IMreof wi~hout w~ivinp o~ ~(f~c~kp any option, lie~, squity. a~igh~ w+dN a by vl~tw of this Ma~paqr. a~d ~1~c
full ~mo~n~ of each ~od ewry wd~ payment sMll b~ w~wn~diat~fy dw and payabb ~nd ~hitl beu In~Kei~ f~om ~M daq ~herao~ until paid a~ tht i+q o~
n~n~ pe~ c~nwm per arwwm aed togahe~ wiM wch M?~era~ ~11 b~ sacurcd by ~hs IiM of Ihh ma~pap~.
1. To pNmi~, cannJt or wt(a no wuN. ImP+4m~nt or de~e~ior•~ion of ~a~d Wope~b w+n1? P+h therwf. ~
S.~ To p+y dl ~nd ~iigulw th~ cosp. dwp~s and ~xp~nks, inckdinp a?eawn~bl~ ~nwney's te~ and ooita of ~Mtrads ot titl~. Incvrred o~ p+id a {
any tlme by ~a~d MpRTGI?GEE, b.cau+~ « M~M ~wn~ of ~M failw• on ~M pu~ of ~h. •.id MORTGI?GOR a duw. pr«np~h and fvuy P..Iw~n. dwcha.9t ~
~xecv~~. dlsu. comRkq, camply with r+d abids by ~acA ~nd wery ~h~ stipula~ia~s agreemena. condi~iony and eowtinh ot uid promissorr not~ and ~hi~
ma~g~~ ~oy o~ eilher, and said cosn~, charqa u~d eapMS~s, ead? ~nd ~wry, ~ha11 b~ Ntinediately dw ~nd payabl~t wheiM~ a not tl+K~ b~ r.otic~ d~
mand, anempt ro colkN a wi~ pMdinyj ~nd Ih~ fvll amowN of e+ch and swry wch payment shalt bear htens~ iran ~he da~~ tMrwl until paid ~t the
rore of nine ptr centwn per aiwwm; ~nd all ~aid twls, chup~s ud ~xpenses incwr~d a p~id, tog~~h~r wi~h wch M~a~st, sh+ll b~ ~tcwed by ~M IiM o/ thi~
mwt~ap~. •
d. that M th~ wsnt of sny bread~ of thi~ Morp+p~ a detwl~ on th~ part ot ~h~ MORiGAGOR, or (b) tn tM ~wn~ ~ny of uid wna of nwn~y
he~ei~ ~~ferr~d ~o be nW promptly and tully paidwi~hin 1hirly d+ys nexl al~e~ ~he same severallr 6ecom~ dw u~d payabt~. wilhout demand a notice,
or (c) in ~M ~wnt aach and ~very ~M uipvla~iau. apreNnn?t~, condi~ions ~nd coven~n~i of ssid p~omiuay nw~ ~nd th~~ mor~pa~ any a sither u~ no1
iuly. prompdy and tvlly periamed, dixh+r9ed. ex~cvted, df~ed. canpletsd. canpl~ed wi~h and ab~ded ?y. ~Mn in ~itl~ w any ~vch ~vsot ~M uid a~
prega~e swe m~ntia~ed In said pomiuory no~~ then ~emaininp w~p~id. wi~h Interest acuued. and all maays ~cwed hertby, thalt becan~ dw and p+p
able (w~hwith, a thereaflK. at ~!r option of s+id N10RiGAGEE. ~s tully ~nd compl~tdy ai 1( •11 of tM iaid swna of ma~ey wer~ a'p'xwlly ~tiqrla~ed
io b~ paid on such day. any~ALg In iaid promiswry note w in tha Mor~yap~ to IM contruy nolwithslandinpj ~nd ~her~u~wn or thereatte~ n ~M opGa+ ot
said MORTGAGEE, withow oain w demand, wit at law or in puity, ~he.da~ w thercai~er bc~un, ~nay be prosecv~ad ~s if ~11 ma~ey~ s~wnd Aareby
had matwed prior to its Mntitvtion. '
7. il+at in th~ ~wnt th~t ~t tM bpim4g of ar N any ti+n~ p~nd'r+p any wit upo.~ this MonQay~. or to forecbN It, a to nfonn N, a to enfwa
paymem of aey clain?s hsrwode~, wid MORTGAGEE shall apply ~o ~he Coun havkq jurisdinion thereo( /or th~ ~ppoin~meM of ~ Receive~. such Cowt sMll
tw~hwi~h appoint a receivK of ~ai~! matpsged propertY aU and sirgulu, includ~rg all and ~inyvlar ~M inconr. pro(its, bwes ~nd revanues iran whatever
sou.ce de.ived, each ~nd ~wry of wh~ch, i~ beinp ~xpressly unders~ood, a hsreby mor~9aged as if specificaly se~ tw~h and dsscribed h dK p~aming and
habendum cl~uses hereo~, and such Receiwr shall h~w ~II the boad and eftacrive fw~c~ans and powers in ~ny«iu emrwted by a Cow~ to a R~ceiva. and
such appoinlmmi sMll be m~d~ by fuch Cpwl ~t an admiffed equify ~nd a malter of absolute rght a wid MORTGAGEE, and without nferaot~ ro t1M
adequacy w insdeqvacy oi ~h~ wlw of ~M propHry mor~psyed u to tFK solre~cy w insolvency of said MORiGAGOR a the defendant~, and tha~ such
reros, proii~s, income, issws and nwnuss shall b~ appli~d by sud~ Receiver accwJinp ~o ~M lieo or equiry of wid MORTGAGEE u~d th~ practite of such
Co~rt.
e. To duh?. ManWh ~nd fully patonA. d'iscFw~. sxecua, e(Fecr, oompleq, cw~y~tY with aod abW~ by s~d~ and ~wry tM s~ipu4tiora; a~nemenn, .
c~~ans and coven~ms in said p[onJsfory oat and ~ha mo~t~s~e ser Iwth. •
9. Thst in th~ swnt th~ o~wnersNp ol th~ nw~tpapad Phn?Is~. e? +nY Pan tMreof, bec~oma wsqd In a~p~?~on othM lhan tlw MORTGAGOR, tM
MORTGAGEE, Ih successors and asigns, m~r, wi~how nwica to th~ MORTGAOR, deal wi~h ~uch suaessor or waHior In Inleretl with r~fe~~nce to thi~
ma~gpe ~nd ~M deW hersby wcured in tM sam~ marw~sr a wi~h Mor~gagw withow b~ny way vi~iatlnp a~scharpinp rh~ Morr9sgon' IisWliry hcr~.
under a upon the debt hcreby ucwed. No asb ot th~ premises hereby morl~aged ~nd oo fwb~aruw on Ih~ put of 1h~ MORTGAGEE w:t~ wcusson
o. ~si~g~a and no ex~ension ol the ti~ne for th~ parment of ths debt herebp secwed ~iwn by the MORTGAGEE or its sucussa~ a assgns, shall ope.ai~
~o rek~a~, d"wchar~e, modify chanpe w a(fect IM wi~in~l liabil~ty of tFa MORTGAGOR h~rein, sitha in wfab w In pul.
10. It b specifically agreed thal tim~ is of the essenc~ of thb oontract and that no w~lwr of anjr obli9a~an Mr~t or of th~ oblig~tion se.
c~red hersby ahall a~ any 1'wne thereaila b~ held to b~ ~ waiva of th~ t~rms hereof a o/ th~ imtrumeM ~acwed I~by.
11. In add~~an a tM toregocn9 ~hhl PsY~~u o~ princ:p~l and int~res~ required by ~he promiuay nas secuad her~by, mat9+por ooven~nts
•nd ~grees ro pay to morlga~ee with eacA monthtY paYment an ~ddition~l sum estim~ted by mortgag~s to b~ eqwl b 1/12 of th~ annwl cost of ths folbw-
ing: .
A-All rsal properry taaes kvied or asiessed apaintt the abov~ dewibed re~l ~sut~.
6-Premivms on tire and windstorm inawanu as herein requ'aed to b~ curied on th~ imp~owmaN~ ~iwat~ on th~ ~bow desuibed prani~s.
C-Premiums on such ma~9age 9wranry inswu~u as mortgage~ ah+ll irom time w time de~m flt to cury an t!N ban secvrsd he~eby.
Mortg~gee shsll trom Iim~ to time raliiy mortg~gw in yvriti~g of th~ amaint dw and pay~bb Iwnw~dK and sud~ sum shall Ihere~rpon b~ dw and
payable on ~hs due date of ~he ~+ext monthly paymeM aod tach succeasiw mon~h tMreafte~ uotil morty~ea sh~ll notify mortgagor of a chang~ In such
~nwwN. Such swns shsll br applied by mortgapee toward tM paymMt of r~d property t~x~s, kwirance prcmiwm, and mort9~gs ~varanty H?wrancs
p~emiums.
IN WI?NE55 WHEREOF, the said MORiGAGOR h~a herwnto wt his hand and ~eal tM day and year fkat ~fores~ld.
Si~~ed. Se~led u?d~~ ed b ttN pres~nc~ of:
Q /w~. ~n~... i~ / n
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STA1E OF FIORIDA ~ - , _ • ,
couNTY OF Q t~ T.t~~ i w ~ ' ~
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s.ra. m. p.non.ur .pp.ar.a - R. n. Thc~BOn, Jr .~a~ .
= Ns-Ni4i to nN ws11 known ~nd known to n» to b~ _
~I» tnd;ridwl? desaib~d tn ~nd who ~x~cu~~d tiw fapoL~p bsqu~nMnt, and ~ledpd b~fon rm that ~M~r. uacuted tl» ssm~ tor tM pvrpose~
rMrth ~:pnswd. Awilhr••:~-
.wf~~oL N~r Mi~ ' rp~rr•rsep~Nlr ~nd pww~~
e. «~+i~i~s rY'rwe't~kw~sePN~t~' +~d +PW ~ren~ Iwr s~id ~sbw~' ~deisMlwl~d i~r+i+d' befoA-nw ~hs~ecv~ed-awd-i~eeronwn? 4reeF~ ~n~tisfs~-
ur:ly~aod ~ri~i~ arqr-c.~nl,;.~~«~M»iwt~-a'r~h~nwo~,_-a ~iw~o~ e~-f~aw~....ia-~w~aw~
WITNESS my h~md ~nd otfkial wal Ihi• Ql~ ds of A. D. 19_~
Y
Nofary P K In and for th~ Sut~ of Florida ~t lap~
R~Iwn Ta MY ission tapireu
flrN F~dad S~vtnp~ ~ Low~ As~ocla~ion
• • Ot For/ PiKU. . `~~,.•~~"t~hN~` ~~I'' . , . „t. '.:]:c of EI~i2a at targa
• \'~~~~~~~~~`~i /..i i~ l'Ji~:wit~9}I ~~CS ~ilf9. 6~ ~77~
Fo.~ vr..p fb.w, ~ i..•.~ r
~ • ~ = v:~~~ •~~~1.` i/' ~..IN ~r ~..icM F.~ 8 C....rr Gi
FILED AND RECORDEO'. ~Q•' u ' r ~
~ 5T. LUCIE COUNTY. FLA. _ 4 ~j.'~• • =
'RECORQ ~/ERIFiED = ; _ . ~ . : n r . ~
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! aocER roiTAAs ~ ~ .
CtERK CIRCUIT COURT .:;•~'`8~~6~ " +
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