HomeMy WebLinkAbout2170 3. To plac~ a~d continuously ke~p on the buildirps now w Mreafttr sitwt~ on ~id land snd on all p~ipnNnt wd pason~lhl covN~d bY M~s ma~¢
~ge, with all pr~miums thereon p+id in fu14 firo insurance in tM uiwl st~ndard policy farm, in • swn ~pprowd b1? fM MORiGAGEE+ Md wie~ator~ ~
7ns~nac~ in tM ususl srandard policy fam, in a sum approved by tM MORTGAGEE, M such tanp~ny o~ camP+nia ~s ~M MORTG+~?GEE "Nr
di~Kij and ~II fi~e end windsrorm inswa~ce polKKi on aey of said build~nps, ~ny tn?~nst tM«M o~ pu1 tMrwf, in tM pqrp+h sw~ afaNald ar
in sxcess fMrwf, ~MII contain the vsusl standard ma~gage~ clav~e a s~ch othK claus~ ~s IM Mwt9~ m+Y nVuih• m+kirq tM loa undK ~aid pd4
cies, cKh a~d ~ve~y. payab~e 1o said NIORiGAGEE as ib i~~erest rr~y ~ppN?, and ~ach +nd ~ve~Y ~~ch Po~KN a P~a^'Ptly a~s:qMd ind d~~iwr~d to
eny held by s+id MORiGAGEE ~s furtM? secu~ity to s+id ma~9a~ deW and not I~u tMn ten (10) datn i~ +dv+na of th~ ~:plration of ~ach policy, ro ds
I~ver to ~id MORTGAGEE a ~e~ew~l thereof, tope~her wi~h a receipl fw the pr~miwn of wch ~e~ew+l~ and tl+K~ sh+ll b~ no fu~ a windi~ain i~wr~na
pleced on ~ny of s~id buildirgs. ~ny interest therein a part lhereoi, u~leu in tM fwm ~nd with tFw loss paYabl~ u ~fonsaidt ~nd in tM tvMt any wm
of mon~y becorn~s payable unde~ wch policy a policies said MORTGAGEE ihall haw tM optio~ to nc~ive and +pply tln ssm~ on +ccou^t of tM In~b~~d'
r.ess secured hsr~by w ro pe?mit sa~d MORTGAGORS to receive ~nd ~u it w any part thereof fw other pwposes, without the~eb~ waivinp w anpak-
ing any equ~ty. lien or right u~de? w br virtvs of this mortgspes and in tM ~vent ~atd MORTGAGORS shall for a~y ~~awn fail ro ke~p tM wid prMnise~ a
~nsured, p tail W d~liver promptly ~ny of said polKies of insur~ncs ro said MORTGAGEE. or f~il promptly to p+y ivlN snY pr~miwn t!w«fa a in aey
reipect fail b pKfwm, dixhuge, eaenrte, eifect, complet~, comply with uid ~bide by this oown+~+t, a a~y p+„ harwf, aid MORTGAGEE nwy plac~ +nd
pay fw iuch ins~rance or ~ny p~rt theraof without w~ivinp w affectinp any optan, IiM, equity, a r'~pht ~ndN or by virtw of this Mottpp~, w+d the ,
f~il amount of ~ach and ~vsry such p+yment shall be im~nedi+tely dw ud p+yabl~ ud ~11 beu interest from th~ dat~ ti+ereof until p~id ~t tht ~~q oi :
n;ne per centum per ~nnum and together with such i~terest shalt be seevred by the lien of this mort~~yt.
1. To permit, oommit or suffa no waste, impairment a deterio?~tion of s~id properry or +M~ WM ~M~pf•
5. To pay all and sing~Iu the cosb, charges +~d expenses, indudirg a rc~sonable attwney i ks .nd oosn of absr.~cn of ml., incu.r.d or p~ld al
any time by said MORTGAGEE, bacause or in the even~ of the failure on the par+ of tM uid MORTGAGOR w duly, promptl~r and fv11y pKfom+. di~ch+rpR
execute, effect, complete, comply with and ab:de by each ~nd every the stip~rlations, ayreements. caxlition~, +od oow~s^n of Nid promissory nW~ and t!w
mortgage any p either. and sa~d costs, cMrges and expenses, exh and every. tMll b~ immsdiately due and p~y~bMj wMti+~r a not tMrt b~ notio~ dr
mand, attempt to tolkct w wit pending; and the full smouM of eath ~nd avery such psymN+t ~hatl bear int~raf f?om tM dat~ Nw~of ~nHl p~ld N th~
rafe of nins per centum per amium; and all iaid costs, charges and expenses inturred or paid, ~ogNher wilh suth Int~r~af, sh~ll b~ Ncur~d by iM ti~n of th'r
mortgsg~.
6. That in the evarN of any brcach of this 1Nortgsye or default a? tFr part of the MORTGAGOR, o~ (b) in ih~ ~wnt any of a'd sw~s of mo~y
herein referred to bs not promptly and f~lly paid within ~hirty (30) days next after the same uveratly b~can~ dw and pay~bb, without dNnand o? notia.
o~ (c) in rhe eveet cach and eve~y the sfipulations, agreemenri, conditions arx! coven~nn of aid proniuso?y not~ and tFds enort~+p~ an1? ar Nther an no1
iu~y, promptly snd fully perfor~ned. dixhsrged, exetuted, effected. tompkted. Complied with ~nd ~bided 1~y. 1hM In ~iflNr p#rht wch ~wM th~ ~ald ~P
gregate wm me++Yaned in :aid promissory rate then remaining unpaid, with interest atuued, and all monsys »cvnd. htr~bY. sM~~ b~c+a?w dw ~nd pay'
able fwthwith, a thereafter, at tAe optan o1 said MORTGAGEE, as fuly and completely ~s if sll of tM said s~ of mon~y vwrt orgin~lly sNpul~Ud
to be paid on such day. anything in sa:d promiuory nose w in this Mortg~ge to ths contrary ~otwithstandieg; and tMr~upon w tMnaftK at fht option of ~
se~d MORTGAGEE, wishout norice or demand, suit at law a in equity, 1FINlFOfQ Of tlMfNftH begun, may b~ prw~cw~d +a If moMY~ ~ax~d h~nbY
hed matured priw to its institutioo.
7. That in the event that at the begi~ning of or st any time pendinp ~ny wif upoe? this Morf9~pe, oi to fohclw~ M, or b reform h, w to ~niwp ~
payment of any daims hereunder, said MORTGAGEE shatl apply to the Cou~t hsving jwisdician ther~of for tM appointrn~nt of ~ Rat~iwa, wd~ Cw+A fh~ll
forthwith appoinl s receiver of sa' mwtgaged property all and singular, intlvd~ng all s~d sin9ulu tht inoorn~, profiq, itsws ~nd r}wnws froen wMNvN
source derived, each and every o~which, it being expressly understood, is he~eby mortgaged ss if spltiiiully Mt fOrth ~nd dNUib~d in NN prantinp and
habendum cisuses hereof, and such Receiver shall have all the brwd and effective functions and powas i~ ~nywiw ~ntrusted by a Courf ip a R~aiv~r, and
s..ch appointmeM sAall be made by wth Court as an admitted equity Ond ~ m~1tN of absoluM riyht fo s~id MORTGAGEE, snd without t~fNenq fo 1FN '
adeqvacy or insdeqvacy of the value of the property mortgaged w to the sohency or insolvsncy of ~aid MORTGAGOR w fM dtf~ndanM,. and fhaf Wch i
re~rs, profits, income, issues ~od revenues shall be appl'~ed by such Raceivrr atcordirp to tM lian ot puity of Nid MORiGAGEE and th~ pr~ctiq Of wth
Court. '
8. To duly, promPtly and fully perform, discha~ge, execute, effect. complete, comply wifh ~nd ibid~ by wch ~nd ~wry th~ atipulatio~a, prNnwnt~.
conditiom and covensnri in wid promissory rate and Ihis mortgsge set forth. " ~
9. That in the event the ownership of the mortgaged premises, or any pa~t thc~eof, becomes wst~d b a pNton Wher than th~ AAORTGAGOR. 1h~
MOR7GAGEE, ib succeuon and assigns, may, wi~hout notice to the MORTGAOR, deat with such succ~ssor or N+easfa ie iM~ru1 with r~fK~na to thk
mo~rgage and the debl hereby secured in the same manner as with IVbrtg~ga without in any way vitiatinp or d'nthatp~np tiN Nbrtppor~~ li~bf~~f11 Mn'
vr.der w upon the deb+ hereby secured. No sale of ehe Fremius hereby matgaged and no forb~ar~nee on the part of tM l1110RTGAGEE a its woaaon
or ass~gns a~ no eztension of the time fw the payrrunt of the debt hereby secured yivan by the MORTGAGEE or its wutston ot ~asipM, ~h+~~ op~wN ,
ro ralease, discharge, modify change or affect the original liabiliry of the N10RTGAGOR here'xy either in whol~ o? in puL
10. If is specificatiy agreed that time is of the essence of this contract and that no wsivN of any oblipation Mrwnder w of fh~ oblipati0n N~ ~
cured hereby shall at any tirtrc thereailer be held to be a waiver of the ttrms hereof or of fhe irotrument tecurd hMby. i
t
11. In addition to Ihe forego:ng monthly payments of priru'paI snd interest req~ired by the promiswry rate setured hereby. mortyapor cown~MS i
a~d agrees to pay to morlgagee with each monthly payrnent an addi~ional tum est~mated by mortgagee fo b~ eqwl t0 1/12 of the annual cott of th~ folbw- E
i
in3:
A-All real property taxes Ievied or auessed agai•~st the above deuri?~ed real estate.
B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements situat~ on ths ~bove desv'bed p?Nnisq.
C-Premiums on such morigage guaranty insurance as mortgagee shsll irom time to time dettn fif to prry on t!M IOan Ntured hr:.:y.
Mortgagee shatl from time to time notily mortgagor in writing of the amount due snd payabk he?eunder and such wm shall fh~twpon b~ dw and
~ayable on the due date of the next monthly payment and each succes:ive month thereafter until mortgsgee shall notify morfya9or of a~~urp! in ttxh
a~~ounr. Such wms sF.all be applied by mortgagee foward fhe payment of real property taxes, insurante prem:ums, and mortp+p~ puarw~ imurantt
premiurtU. "
~ IN WITNESS RE t said RTGAGOR has hereunto set his hand and seal the day and yesr fint aforpaid.
~ ~ S' Seal o :
f ~ ~
~ ~ - ~ ~
~ 's..n ~
~ ;
STATE OF FLORIDA ~ ~
couNrtroF St. Lucie ~ 1
Before me persorwlly appeared J8lR6 9 BH2~riA 3? Jr and ~
Lil 1 i e Mae B~rne s his wHe, w me well k~wwn +nd known to m~ to i
tha individwls described in snd who executed the fwc9oirg insirument, and acknowled9ed before me th~t N+ey enacuted tM same for the pu?paes ~
Iherein e~.~. a~a rn~ ~~a Lillie Mae Barne s ~
N;,e of ,r~ ~;a Jame s Barne s, Jr. ~ - ~ , ,.p...n .~a
e=am~natior? by me taken separate and apart from her ssid husband, adcnowledged to ~nd before me that she execvted said i~strumeM 6sely and volun~
raruy and wi~hout any compulsion, consfraint, apprehension. ~r of or from her said hvsb~nd.
WITNESS my hand and official seal thi • day of ~ 19~
L
Notary Publk in ~nd fw fhe Statt of Horida d L+tp~ ~
My Commission ~xpins:
Return 10: ~
First Feder~l Ssvinys a losn AssociaYwn ?
Of Fon Pierce. ~ -
Poit Pierce, florida , ;•~~..~c.~~ 6';•- T'~OTARYPUBUC,STATE of FLORIDA at UIR68
ANn RECORO~~ MY cort~~ias~~Y EXPIRES NOV. 29. i~
F'~.D 0~~~, dONOED 7MROUGM FPED W. DIESTEIMORfT
g?. LUCIE ~ VERIFIED _ - ~ „ . , . -
~~r.-=
RECORU 159~~ ~ -
0 ; ~
v
'6T AUG IS ~ 9 ' Z ~J -
~.~C-i"' 1TC~ : . , ~
~LERK CIRCUIT COUR7 .
600K16~ FACE21 (Q { ) ~Q
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