HomeMy WebLinkAbout1977 9. To plau ~nd conti~ww~nlY kNP on the buildinps now or AK~ahK utua~~ on saW land ~nd on ~il puip~?«M ~nd pwsa~+ih covK~d b1? t~ ~~P'
~ge, with ~11 pnmiums thereo~ p~id in full, fin inwranc~ in 1M uwal stands~d policy for~n, N a ~wn app~owd bY ih~ ~AORiGAGEE. ~nd wind~tam
inswanp in th~ ~wai sandard polky fam. in • sum approv~d by the MORTGAGEE, In wch canP+nr w oomp~nia +t N~ MORTGAGEE may
d~reuJ ~nd all fin +nd winduam insuranc~ polic~e~ on any of said buiid~np~„ a~y inhrut th~?tin a PKt tMrwf. in th~ pprep+t~ wm alaaak a
in excess tMrwf, sh+ll contain tlw vwal s~a~dud mor~gsgM claua w such otMr clausi q tM Ma~9a~ m~y rpuin, m+kinp tM bu undM s+id po11~
c~e~, e~ch and ~vary. paYsbte w s+id MORTGAGEE as in in~ercit may ~pp~a?. and ~ad~ and w~ry wcA po~icY ~h+ll b~ p~anptly asqe»d ~+d d~liwr~d to
.ny Mld by s+id MORTGAGEE u furtMr security to said mw~~a~~ debt, ~nd. no~ i~ss th~n tM (10) days in adv+na ol tM ~spka?ia? of ~acA policy. 1o d~
G~er to said MORTGAGEE a renewal ther~of, top~~h~t witb • recapt for th~ prKniwn of such rN+swslp ~nd tMn sh+ll b~ no fin a winditam tew~anc~
plxed on any of said buildirgs. ~ny interest thKa~ o~ put th~rw(, unless i~ tht form and with 1M bu pay~bl~ a afaHaldt and b+ ?he ~veM ~^y wm
of mw~y b~canw p~y~lt undK ~uch polky or polic~s a~d MORTGAGEE sMll Mw ~h~ optan w nuiw and apply tM ~ oe ~cauu?~ of tM k~debtad~
ness Ncw~d hsr~y w w pamit :aid MORTGAGORS w roeeiw and us~ h or aMr part tMreof for oti+er purpwes, wi~houl th~rebY w~ivinp w impab-
ing any equiry, li~n w right w~der or by virtw of this mort9a~es and i~ tM ~ve++t s+id 1NORTGAGORS shsll fw ~ny nason fail to keep tht ~+W pKniws w
~nsu~ed, o~ b11 w d~livK prompdy u?y of ssid policies of i~?sursnu ro said MORTGAGEE, a fail promptly to pay fu~tY +M? P~~~+^~ ~~nfw o~ i^ +^y
respea f~il b paforny di:cMupe, execute, effect, compl~t~, comply wirh and abid~ by tFiu covee~ant, w any put hu~of, s~id MORTGAGEE nuy plaa and
pay fw wch imwann w any p~rt thereof without w~iviop or aifectinp any option, li~e, pviry, or ripht w?dK or by virtw of this Monqap~, ~nd tM
fv~l amovm of each and tvety such payment iMll b~ imnediat~ly du~ ~nd pay~bl~ ~nd aMll bNr G?ter~st from th~ dat~ tMnof vntil paW ~t tM ~+a oi
nfne per pnfwn pM ann~m and togethe~ with wGh intcrest shsll be secvred by iM I'»n of thts mort~~.
4. To ptrmit, oonu~dt or suffar no wut~, impsument « dete~iwstiw~ of said property a+ny p+?1 tMrwt•
5. To p~y all and siny~l~r ths cosh, cAarpes snd ~xp~ns~s, ind~dirg a n+sonabl~ ~ttorney's he aod oo~tt of abstracts of titt~. inewnd w p~ld ~f
any time by s~id INORiGAGEE, becavse w in the ~ve~t of ~M failw~ on tlw put of tM aid MORTGAGOR ~o duly. pro~?Pry .~d i~y P..fo?~n, d'ac~+a.a.~ (
executs, effect, canpkt~, oomply with and ~b:de by ~ach and every rhs stip~rlatian, ~pre~ments, condiYions, and oown+n» of uid praniswry not~ u?d tlw
mortg~ge ~ny o~ eitha. and said cos», cMr~es snd e:pense~, each ~nd ~very, sh+ll bs immadiat~ly dw and pay~bl~s whethtr a not tMrt b~ notiu d~
mand, attempf to collect or wn pending: +nd the fvll amount of each and wary wch pay+n~nf sMtl bear int~rKt from the dat~ tMrwf w~til paW at th~
rate of nirr per cer.tum pe? annum: snd all said costs, chuyes aed expEnses irKwr~d or pafd, Mp~thar with suth int~nst, ~hall b~ Na+nd br tM IN~ of thi~
mort9ay~. i
6. TMt (a) in the eve~t of uqr bread+ of this Mort9spt or d~fsult on tM pan of the MORTGAGOR, w(b) M tM ~v~nt any of said s~na of moMY !
herein refened lo bs not prwnptty and fulty p~id within thirty (30) days next aher tM same sewratly Mcan~ du~ ~nd payabl~. without ~mand o? notin. ;
or {c) in the ~vem each a~d every the stiputations, ~greements, conditions and oov~n+nts of u7d promaaory not~ ~nd this morp~ M?y a tfthK ari nol +
iu1y, p?ompNy ~nd fully pcrformed. dlscharged. executed, effacted. compkted, compli~d with ~nd abided ry. tlwn in ~itl~ w ~ny iud~ ~wnt the s~id a~
gregnte sum menlia+ad in aaid promiuwy note then remaininp unpaid, with interesf acuwd, and all montp s~tw~d. hw~by. ~MII b~ooen~ dw and p~y~
abte fwthwith, w thereafter, ~t the option of sa~d MORTGAGEE, u f~lly and tompl~tsly u if all of /M ssid s~MM of moeNy vwn apindly ~tipul~Md
ro be pawJ on such day, any?hinp in sa~d prom~ssay ~ote or io this MOrf~ay0 f0 1M tOnM~ry nOtwifAftN~inDj ~nfJ fAKlYp011 OI thltl~ffM ~t tIN Optipf Of
sald MORTGAGEE, without nork~ w demand, wit at law or i~ puity, the~afo~e w tlwrsaha M~un, mar b~ prw~cut~d a if dl rrwn~y~ Mtund hwtbY
had mahxed priw to its i~atitution.
7. That in the event that ~t the beginning of or ~t sny time pendiny any wit upon this Morpap~, or to fx~dow k, or to nfonn h, or fo ~nfora
payment of sny daims hereunder, ssid MORTGAGEE shall apply to the ~o~rt Mving jurisdictan tMr~of for th~ appoint~Me~t of ~ RKeivN. wth Cowt shall
So<<hwith sppoiM ~ receiver of sa' mortgaged property all u~d singular, includug all and singular tM inoo~, profi», issws and nwnv~s frorn whatw~t ~
sou~ce derived, each ~nd every o~whKh, it beirg expressly understood. is hareby mwtgaged as if ~petifiully ~tt forth aed dNtrib~d in thi pr~ntinp and
habendvm clavses hereof, u+d such Receiwr shatl have a0 tM bro~d snd effective funct~ons and powsrs In aeywis~ eM~usqd by ~ Cowt tP a R~aiw~. ~^d i
such appointment sh~ll be made by such Cowt u an admitted equity and a m+tta of abiolut~ ri~h1 to wid NIQRTGAGEE, ~d~without rtfer~np to tM ;
adequaq or in~dequacy of the vslue of the prope?ty matgaged w to the solvency or inso~r~ncY of said MORiGAGOR or tM d~f~ndantt, and that wth ~
re~rs. profits, income, iuues and revenues shall bs applied by such Receiver xuxdinp to tl+~ lien w puity of Mid MORTGAGEE ~nd th~ practlq of such ~
Court. ~
8. To duly, promptly and fully perform, dischuge, execute, effect, complet~, comply with ~nd abid~ by ~ach a?d wery th~ ~Np~~+tio~,. +ptMnwnb. ~
conditioro and covenants in said promissory note and this mortgage set forth. ' • '
9. That i~ the event the owncrship of the mortgaged prem~ses, or ariy put thereof, becomas wst~d in a p~rwn oth~r lhan t!~ MORTGAGOR. th~
h10RTGAGEE, iri wccesson s~d assigns, may, `+ithout notice to the MORTGAOR, deal with such sucussor o? ~ucpstor in b~1t?ei1 with nfKN~p ro thb :
mortgagr ~nd the debt hereby secured in the same manner u with Mwtg~gor witFw~t in ~ny wsy vitiatiny or d'nth+r~inp flw Morty+pots' II~b11iry h~~ ;
under o~ upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbt~r~np on tM p~A of tM MORTGAGEE or ib wcteitors ~
or assigns and ra extension of the time fw the paymem of the debt he?eby setured ~iven by ths MORTGAGEE o? its sua~as0~s or as~ipiM, sh~~~ op~nt~ ,
ro release, disd»rye, modify change e? affect the ai9inal liabitity of the MOAiCsAGOR heran either in whob or in part.
10. It is specifically agreed that t~me is of the esse~e of this contract and that no w~iwr of any oblipation herwnder a of tM oblip~tion st
ci~red he~eby shsll at any time thereafter be held to be a waiver of the temu hereof or of ffie iratrumeM secvnd Mrby.
11. In add:tion to the fwego:ng monthly payments of princ'pal and interest reqvired by the promisswy no?e secured hereby, matp~gor Cov~naMf
and agrees to pay to mortgagee with each monthly payr~nt an additional sum estimated by n~wtg~gee to be eqwl t0 1/12 of ths annual cost of fM follow-
ing:
A-All real property taxes levied w a:sessed against the above described real esfate.
B-Premiums on fire and windstorm ins~raRCC as herein requ~red to be urried on the im~xovemenb sitvaf~ on th~ ~bove desuib~d prNniNS.
C-Premiums on such mwtgage 9uaranty i~surar~ce as mortgagee shall from time to time de~m fif fo ~urry On the loan ~etur~d hsrtby.
~ Mortgagee shall from time to time nooify mortgagor in writi~g of the amoum du~ and payable hereunder and such sum sMll therwpon b~ dw ~nd ;
' Fayable on the due date of the next monthly payment and each successive month thereafter until mortpsge~ sMll nofiiy mortgagor of a thsnp~ lo such f
~ a•~ount. Such sums sF.all be applied by mortgagee toward the payment of real property tsxes, in~ur~nte prem:w~u, snd morfpape 9vu~nty inswant~
~ p-emiums.
IN WITNE55 WHEREOF, the said MORTGAGOR has hereumo set his hard and seal the day and y~a fint aforyaid.
~ed and ~livsred in pr ~ e of:
1 O~ ~ ~
° n f
6--n ;
SrATE OF FLORIDA ~ ~
~
couNn oF SAint Lucie ~
eeforo n,. P.,sona~~y,ppea.ed gnerson G Samnson .na
Tria T. S~mn80ri his wiie, to me well known ud known ro rne to b~ ;
rhe i~rlividwb dewibed in ~nd who executcd the forego'ag instrument, and adcnowkdged before rrw that they exewtad tM sams for ths purposes ~
,r,e,~;~ .xaeased. A„d the Iris T. Sampson ;
~ of tbe .~~d F]nerson G. 58~;~SOII - , vpon a sep~r~» ~nd privat~
exam~naYan by me bken separate and apart from her said~nd, aduwwledped to ~nd befwe ms that she executed s+id irottweent fr~ety and volun~
~ar„y ar?d witho~t ~Mr compulsion, constraint, sppreF~ensan, fear ef w from her said Iwsb~nd.
~ WITNESS my h+nd and official seal this 9 day of u U3 A. D. 19~
r -
~ : Nor~ry Publit in and fw th~ t~ of Fbrid~ ~t larp~
My comn?is.iw, .xpi?.u ~f/~~ 9 1
Retwn To:
Firsf f~deral Savinps d~ losn Associstion ~~K, State a1 qari~a et l~r~je
Of Fort P7erce. ~(p~pqiS10D EX~fS '~:r. 3. 1?6~ ;
~o.e.e s. ~.....n. N. ~
F°`' ~~D RECOROE~' ~~3/~°j
ST. LUCI~ COUNTY.-FLA.
RECOR~ YERIFIEO , . .
,
• r J
~ 158~'?: . ~ ; ~
. Ol : f; ~ ~ .
'6Z AU6 I 0 AM 9' -
~ 1 ~ ~ ~C~
K~~ POt7R~S ~ ; ~ ~Q _ -
CLERK CIRCUIT COURT r f~ ~ J'"
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BOOK ~6~ PAGE 197~ ~ - r . . • ;
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