HomeMy WebLinkAbout2402 To pisc~ and continuovsly keep on tM buitdings now o? M~e+ita utua•~ on s+id l+nd u+d a+ ~II ~quipm~et ~nd pK~ona~11? oowr~d bY thif ^+aq'
sge, with all pr~miums the~ton p~~d in fu11, fire insurance in tM usu~t itsndard poliCy fotm, in ~~v~n WP~awd bp NN MORTGAGEE. MM~ vr'w+d~lonn
+nt~rant~ in tM u~wl s~and+rd pol~q fam, in a sum approved by tM MORTG/1GEE, io wch ca~p~ny a~ oomWni~s ~s tl+~ MOFTWIGEE ~y
d~rec~; and all fin and windstorm insurance policies on ~ny of f~id b1llldin~f. ~Ry if1M~f11 tIflffNl 0/ ~fi tFN~fOI, in th~ appr~Wlt wm afo~~id or
in excess the~wi, shall contain ths usual s~andard ma~gagee ci~uss a such wFwr claua~ a tM Matyap~ m~Y nquu~. m+kinp th~ bas widN uid po1i~
c~es, cach ~nd every, payable to said MORTGAGEE ss its interest maY appea~. u+d sach and ~ve+Y P~~'~Y ~ P~~'P~h~ ~'a^~ ~o
any held by said MORTGAGEE as further ucuriry to ssid matyage debt, snd, not les~ than tN+ (101 d+ps in ~dv+nc~ af th~ ~xpbation of ~ach po~icY, to d?
I~~er to uid MORTGAGEE • renewal thereof, ~oge~lur-y+itl+ • receipt for the prtmiwn of wth rentw~lt and then shall b~ no fir~ o~ wie?d~torm in~ws~a
placed on ~ny of said buildinps. any in?erest therein w part thereof. unleu in the form and with tM losf p~yabl~ as aforaaWt ~d in th~ ~wM ~^y swn
of monsy becomes p+yable under such policy a policies uid MORTGAGEE sh~ll Mw th~ option to nuiw and ~pply 1M s+nw a+ aao~nt of tM Md~bMd' ~
ness secu?ed F~epy w ro permit said MORTGAGORS ro receive u~d use it w any pa~t thereof fw other purpoiq. wi~hout thaeby w+ivinp o~ imP+ir-
ing any equity, litn w r~ght under ot by virtw of this mo:tysge: +nd in tM ~vent taid MORTGAGORS fhsll tor any r~ason f~il to ke~p th~ s~id p?~n+iset w ~
;ns~red, or f~il w detiver promptly any of said poticies of inwranc~ to s+id MORTGAGEf, or`fait promptly ro p~y fi+lly ~eY pr~nuwe thu~fo~ a in a~y
resped fatl to pe~fwm, discharge, exscute, efiecL complete, comply with and abid~ by thit covenant, or anY put Mrwf. s~id MORTGAGEE m+y pbct a~d
pay fw such inwrance or any p~rt thercof w~thoul waivinp a affectinp ~ny option, IiM. ~qvity o~ ripM undK a by virtw of this Mortp+p~. +nd tM
fu~! amwnt of each and every such p+yment shall be immediatelY dw ud paYabl~ aod shsll b~ar intKe~t ftan th~ dat~ thKwf w?til paid at tM ut~ 01
n~ne per centum pa anoum and to~Nher with ivch interest shali be secvrod by /M lien of tlw mortpp~.
1. To psrmit, canmit w wfter r?o waite, impai~ment w deterioratan of said p?operry a+nY PM~ tMrwf.
5. To pay all ~nd siegulu the coan. charges ~nd expsnses, includinp a rcsson+ble attorney's fM and oosri of ~baN~eM of tiN~. inaxnd w p+W
a~,y t~me by said MORTGAGfE, because or in the svent of the failwe on the part of ~M said MORTGAGOR lo duM. P~~^Ptly ~nd fvlly pKform. di~charq~
execute, effett, complete, tomply with a~d ab:de by each and every the stipulatio~s, spresmenb, cond~ri«w •nd oown+nn of uid p?anis+ory noti +nd ~hU
morrgage any w either, and sa~d costs, cMrges and expe+ues. each snd every. sMll b~ lmmsdiat~ly dw and payabl~t wlwthK w not thK~ b~ notia d?
mand, attempt to colkct or suit pend~ng; and the ful~ amount of each and rvNy wch paymenf shall bear int~nst ftan t!N dah th~rwf unNl p~id ~t fM
~are of nine per centum pe? annum; and all said msts, charges and espenses incvrred or paW, tog~tMr with wch IntKMt, ~MII b~ Ntvr~d by tM INn Of thi~ ~
mortys9~.
6. That (a) in the event of any bnsch of th~s Nlortgage or default on the part of the MORTGAGOR, a(b) III tM ~Wn! My Of MW NMM Of I~WNy t
herein reEerred to be not promptly and fufly paid within thirfy (30) days next aftN the same tevetally bKOiM dW Md pay~bl~, without d~m~nd O? ~Ofit~, ~
or (c} in the event each and every the stiputaiions. agreeme~ts, conditions snd covensnts of s~id promistwy note and thi~ ma~p~ aM/ a NtMr u~ no1
i~ly, promptly and fully perfwmed, diuharged, eaecvted. effected. compkted, cnmplied with ~nd ~bided sy. fMn M+ eitha a any wch ~wn1 tM ~+id p~
g~egate sum mentaned in said promissory note then remsininp unpaid, with interesf stuued. ~nd ill m0it~ys Mcw~d.INnby. sh~ll b~00~M dw utd P~Y
abie forthwith, a thcreafter, at the op~ion of sa~d MORTGAGEE, ss fully ~nd completely as if ~II of the said w~ns of maMy vwn orpinNly ttipulat~d
to be pald on such day, anything in snid promisswy note or in this Mortgsge to the tontrsry notwitMtandinps ~d fhN~uPon o~ thKt~hK at th~ OptiOn ot
se~d MORTCaAGEE, w~thout nouce or demar.d, suit at law w in equity, tlxrefwe or tlwreaftst bpve, nwr b~ proNCUt~d a if ~II moMy~ NOUtd INt~by ~
nad matured pnw to its institution.
7. 7haf in tl+e event that ar the beginnirg of or at any rime pendiny any wit upon this Mwt9s~, o~ to ~or~clo~~ h, oI b nfOrm M. O? fo ~nforq ,
payment of any claims hereunder, said MORTGAGEE shall apply to the Court havirg j~riulidion tlxr~of fw 1M ~ppointnNnf of ~ R~ttlwr. wCl1 Courf s11~~~ '
Foc~hwith appoint s receiver of sai~ mortgaged property all and singul~r, incl~d~ng all and singu~sr tM incOrn~, profiq, itwN ~nd r~vrnw! f~pn whaNvN
source derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged ~s if ~petifiully ~t forth and d~wfb~d In thi p?antinp and ~
habendum clauses hereof, and such Receiver shall have all ~he luoad and effective funct~ons and powen Jn anywiw Mtrwt~d bp a Cowt t~ ~ R~alvN, ~d
iuch appointment shall be made by such Court as an admined equity snd a rt++tter of sbsolute right to aid MORTC'sAGEE, Nd wlfllouf nfNwK~ to iM
adeqvacy w inadequacy of the value of the property mortgaged or to the wlvency or insolventy of s~id MORiGAGOR Or fM d~f~ndaMS, and th~~ ~uth ~
renrs, profits, incorne, iuues and revenues shall be applied by such Receiver xcordinp to the ('un or ~qvity of N~d MORTCsAGEE and tM praCfio~ Of wtll ;
Court. ~
8. To duly, promptfy and fully perfwm, discF+arge, execute, effecr, complete, comply with and abi~M by Mc~ ~ed ~wry fl» atipubtioeN, apr~t~.
cond~tions and covenants in uid promisswy note and ~his mwtgsge set forth. ' ~
9. Thst in the event the ownrrship of the mortgaged premises, a any psrf thereof, be~s vettad in a pKSOn othet fhM~ NN MORTCsAGOR. th~ •
MORTGAGEE, its succeuws and assigns, may, withou~ notice to the MORTGAOR, deal with ivch succNwr w~ropssa in intKe~t wkh nf~r~nc~ fo N~k
mo~rgage and the debt hereby secured in the same manner as with Mwtgagor without in any way viti~tir~p o? distharyinp fM MortpapOr~' W~bl~ih h~h' ;
u~der or upon the debt hereby seci,red. No sale of the Fremises hereby mortgaged ~nd no fabear~np on th~ part of fh~_MORTGAGEE 0r iM tuotNW~s i
cr assigns and ~w extensio~ of the time for the Fayment of the debt hercby securcd yive~ by the MORTGAGEE w in .ucaeuon or wipn~, il++ll op~r.f~
ro release, d~scharge, modify change w affect 1he ori9~na! liab:lity of the AdQRTGAGOR herein, either in whols w(n part.
10. It is spec~fically agreed that time is of the esxnce of this contract end thst no waiwr of a~y oblip~tion hawnd~r or of fh~ Ob~ipafi0n W-
cured hereby shall at any time thereaf?er be held to be a waiver of the terms I~eroof a of the instrument Ntur~d Mrby.
11_ In add~tio~ to the forego:ng monthty payments of princ'pal and interest required by the promiswry note stcw~d hNtby, rtwNp~por oOVM~M~ ;
and agrees to pay ro mortgagee with each monthly pay~nent an add~rional sum estimated by rtwrtgsyle fo be pwl f0 1~12 Of 1Fw annWl co~t Of th~ ~OllOw~ `
~ng.
A-All real property taxes levied or assessed agaiost the above described real estate. j
i B-Premiums on fire and windstorm insurance as herein requ~red to be car~ied on 1he improvem~nri titwtt on NN ~bov~ d~Wibl~ prMn4K
f .
~ C-Premwms on such mortgage guaranty insurance as morlgsgee shall from time to time de~m fit fo urry on tM loan Nwt~d hN~by. .
{ Mortgagee shail from time to time notify mortgagor in writing of the am7unt due and psy~ble hlreuntler and such wm shsll tl+~rwpon b~ dw ~nd
~ F.ayab!e on the due date of the next monlhly payment and each successive month thereafter until mortpsge~ thall noti~y nwrtgsgor of • ehaflp~ (n WKh
a~~ount. Such sums shall be applied by mortgagee toward the payment of real propeAy taxes, inWr~nte prNn:ums, +nd mOrtyaQ~ 9uu~My b11W~rlt~
premiumt. ~
IN WITNESS WHEREOF, the said NiORTGAGOR has hereumo set his hand and seal tM day and yNr fint nsaid~
ned, Seal and ed in the prexrxe of: .
n
~
~ ~
n ,
- - ~n
SiATE OF fLORIDA
CvUNTYOF St. LUC18 - ~ ~ J1
1
Before me personally appeared Ci J CsI'~3t - Md
Irene Cri s t r,;, w~f~, ro a,. r„eu kno~n, .~a knov~n+ +o +o b.
rhe individwls desvibed in and who executed the fwegoing instrurt~ent, and acknowledged beforo me tMt they exeeuted ths s~m~ for th~ purposa
iherein expressed. And tF~e said Irene CY'18~
,~~fe of the wid ~s' J riPl9t ~ , ~pon ~ sapa~te Md priv+t~
e.am~nation by me taken sepsrate and apart from her said husband, sdcnow{edged to a~d befpe me that shs exetuted said instrurnent freely N~d volwt
rarily and witho~t •ny compulsion, constraint, apprehensior~ fear of or from Ixr said husba~d.
~ WITNESS my hand and official seal thi: day of A. D. 19~_
Notsry Pu n ~nd for tM Statt of Florida ~t L~ry~
My Carrnission eupir~s: f
Retvm Ta '
First Fedetal Savi s d. LOan /lssotiation !~»~;t'~~~:, l~~t r ~ldlC O} ~Oii~ 2t ~irQ! %
^9 _ a....i. ~ P~ ' . ~
Of Fon Plerce. ~t~ ~r t 9. 6. ~9~~ E
~ ~UIi1.-...: 10~ ExP1(2S b{!
Fort Pierce. Florida EO ~~C~ ~ ~.c,ao er wo+«~ Es~ A S+~~e Seh J,. ~
FII.E~ AN~ RECOFtD a- L"( I
~~E ~NTY. FLA• =
, ;
CO ~ ~T ! ~ i
S~' ~~~~RC' V ~.RIFIED .j.: : ~ ~ ~ = ~ : ~
43 ' `
~ 1592 ' ~ ° ~ ~ = - ~ ~
~J ~
. 8` .
PM 2 • 4 ~ Q .
,6z aUC ~ ~ : s~~~ti...=
. ~
~'~-~as~~tia•~`'-
i:(!~i.~'• i'O;TRMS R~ }
c~EaK ~~acv~T cou eaoK~.s7 PACE24~z 1
f ~ ~
.
N~~ M1~4s _
- -
_ - -
~
~ <
. .