HomeMy WebLinkAbout2703 to plx~ a+~d conf;nuously keep on ~he bui:dings now w hae~fter s3twts on iaid I~nd w?d on dl equipn~~ ud p~noi?ally oovK~d by thi~ ewrt¢
~g~, with all premi~ms theroon pa~d in futi, liro insurance in the usval standard policy fwm, N1 ~ wn? ~pprowd b~t tfit MQRiGAGfE. M~d windtform
~+swanc~ in ths uswt standard po~+cy form, in a sum approved by ~he MORTGAGEE, in wch comp~ny a canpaein ss th~ MORTGAGEE nNy ~
d~redj ~nd all tire snd w~nda~wm insurance pol~ues oh any of said build~nps, any interht the~ein or p~rt tMrtof, i~ tl» pqrepati wm afons~id or ~
tn ~acea thaaof, ihall contain the usual standard ma~gogee dause w such other ct~uss as th~ Mortyayt~ may rp~'u~, mak'ap IM bss undN Nid poli~
ctca, each ind ~v~ry, pay~bl~ to s~id MORTGAGEE as ~ts inrerest may appea?, and each and ~vQryr ~uch poliq ~MII b~ promptly ats:Qn~d and d~livKed to
eny }?eld by said MORTGAGEE as fu~ther security-to said mwtgage debt, u,d, no~ leu than ~en (10) days in advanc~ of the ~:pir~tion of ~ach policy, ro dr
fiver to ~aid MpRiGAGEE ~ renewal thereof, togethe~ with a rece~pt fw 1he premium of such renewal; and ther~ shall be ~o fir~ w wi~dito~m tnsw+nc~
placed en ~ny of isid buildings. any interest the~e~n a psr~ thereof, unlesa in tl+~ fwm and wi~h tM toss p~y~bl~ as afor~saidr +~+d in tM ~vent any swn
of moe~y pecanes payabls unde~ such policy or policies faid MORTG4GEE shall have ths optia? ro receive snd apply tM sa+r~e on +ccouM of tM i~lebtad~
ness setvred hereby q to pe~mit ~sid MORTGAGORS to reteivs and us~ it ot any pa~t thereof fw other pvrposes, without thercb/ waivinp or impair•
ing any equity, lien w righ~ u~der w by virtue of this morsgage; and in the ~vent s~~d MORTGAGORS shall fa any nason f~it ro keep tM ~aid premises w
insured, or tail to deliver promplly +ny of uid pol;cies of insurance to said MORTGAGEE, or (ail promptly to pay tully ~ny premium therefor or in any
respect fail to perfwm, discharge, execute, eFfect, complete, comply with and abide by this covensnt, p any p~rt he~~of, said MORTGAGEE m~y plaq aed
paY (w suth insurant~ o~ ~ny part fhcreo( w~thout waiving w•fFectinp any optiwy li~n. eq~;ry, w riphf ~nd~r a by virtw of this Mort9ap~. ~nd tM
full amo~ni o( each and every such payment shall be immediately dve and payable and shall bt+r intereit from tM dat~ thereof vntil paid ~t tM ~~t~ of
nine pe; centum per annum and ta~ether with wch i~terest shall be secured by the lie~ of thif mortq~.
1. To permit, commit w suffa no waste, impairrrKnt u deterioratiw~ ~f said properry ot any paef flroreof.
5. To pay atl snd singutar the cosb, charges and expenses, including a.eaw~sWe ~»aney's fee and cwts of ~Mh~c1t of titl~, inevn~d or p~1d N
any time by said MORiGAGfE, because or in the event of the failvre on the part of tM seid MORTGAGOR to duly, promptly and fully pKform, distAu~
execute, effett, complNe, comply w~th and ab:de by each and every the s~ipulat~ons. ~greeme~ts, conditions, ~od oownann of ~aid p?omiseory not~ and thN
matgage sny a e;~f~er, and sa~d cost~, chsrges and expenses, edch and every. ~hall be immediaroly dve ~~d payabl~t whetF~ or no1 tMr~ b~ notip d? ~
mand, attcmpt to coliect w suit per.d~ng; and rhe full amou~t of each and every svch payment ihall bear inter~sl frorn tM dat~ fhawf ~ntit paid ~t the .
ra~e of nine per, centum per annum; and all wid costs, charges and expenses incv~red w p~id, together with suth inttrqt, ~MII b~ Ntut~d by tM liu~ Of fha
mort~a9e. ,
6. That (s) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) io th~ ~vM+t ~ny of ~id sw~a of nwMy 1
herein re(erred to be not prompdy and fully paid within tAirty t30) days next after the aame seve~alty bscome d~re and p~yable, wilhout dem~nd or notit~, ~
or (t) in the event eath and every the stiputations, agreertKnts, cond~Hons artd coven~nts of sa~d promiuory oote ~nd this mortpap~ any w~{tM? nol ~
~uly, promptly and fully perfamed, d~uharged, exec~ted, effected, completed, complied with snd ~bided by, iMn in ~itl~ o? a~r wd~ ~vent tM sald sQ~ t
gregate s~m mentioned in sa~d promisswy note then remaining unpaid, with interest atuued, and all moneys sKVr~d. hertby, sFyll b~oonf~ dw ~nd pay~ !
able fwthwitA, o~ lhereafter, at the aption of said A10RTGAGEE, aa fully and completely a~ if a11 of the said sunr of moMy vwn oriptnaUy stipvlat~d 'j
ro be paid on such day, anything io said p~omiuwy note or in this 1Nortgage to the contrary notwithsNndinp; and tFwr~upon or th~r~aft~r at tM op~we of
se;d MORTGAGEE, w~thout notice w demand, s~it at law or in equity, therefwe or fhereafter begue4 nwr b~ pro~etvt~d q if all nwMys Ntvnd hK~by '
had mitur~d pnpr to its institutio~.
7. That in the event ~hat at the beginn~ng of w at any Nme pend;ng any wit upo~ thi~ Monyay~ or tp ~onclp~ H, or to nfam h, a to ~nforo~
payrrKnt of any claims hereunder, said MORTGAGEE shall apply to the Court hsvi~g jvrisdittion therwf fof th~ appointment Of a RKtivN, futh Court aFNtl
forfhwith appoiM a receiver of sai~1 mortgaged prope~ty all and singul~r, includ~ng all and tingulsr tM ineorn~, prolits, issuq ~nd r~vMwi frpen Mrhat~r~t
sovrce dcrived, each and every of wh~ch, it being expreuty unders~ood, is hereby mortgaged as if spetifically s~t forfh ~nd dtwib~d in thi prantinp and
habe~dum dauses hcreof, and such Receiver shali have all the boad and effedive funchons and powsn in anywit~ MTrusted by ~ Cour1 tq a R~qiv~r, ~nd
such appointment shait be made by such Court as an admitted eqvity and a mattn of absolute right to said MORiGAGE~, N~d withouf nfererK~ fo fl»
adeqvacy or inadeq~acy of the va~ue of the property mortgaged or to the solventy w insolve~ty Of Nid MORTGA(iOR p fM d~f~~nts, and that tuth
rents, profits, incortro, issues and revenues shall be applied by such Reteivtr accwdinq to the lien or equity of Nid MORTGAGEE u~d f!N prattiq of ~uth
Courf.
8. To duly, promptty and fully perform, discfiarge, execute, effect, complete, comply with and ~bid~ by ~sd~ u~d ~v~ryr tM stipulations, pn~nwnn, t
conditions and covenants in said promisswy ~ote and this mortgage set fwlh. ' ~
9. That in the event the ownership of the mortgaged premixs, w any part tFereof, becomes vestad in • pt~spn pthq th~n ths MORTGAGpR, }M ~
MORTGAGEE, iri successors and au~gns, may, without notlce to the MORTGAOR, deal with such iucc~ssor or ~pr i~ interqf with rtfenrw to this #
mortgage and the debt hereby secvred in the same manner as with Mortgagw witFq~t in any way vitiatiny o? diatlNryinp tIN Mort9pprs' li~biliy h~r? ~
under or upon the debt hereby secured. No safe of the premises he~eby mortgaged snd no forbearente on tht part of the MORTGAGEE Or it~ suotessors
or assigns snd no extens~on of the lime fw the payment of the debt hereby secured given by the. MORTGAGEE w its s~cuison or ~ugM, shdl op~r~t~ i
to release, dixharge, modify change w affect the original iiab~lity of the MORiGAGOR herain, either in whole p h~ put,
10. (f is specificatty agreed that time is of the esunce of this contract and thaf no walwr of ~ny oblipation h~twnder p of tF» obliD~fiOn sr
n+red hereby shsll at any time thereaffer be held to be a waiver of the terms hereof a of the instrument sec~~~d haby.
11. In add~lia~ to the forego:ng monthly payments of princ'pal arxl interest required by the promissory npre secured hereby, mwt~aager eownany
and agrees to pay to mo:tgagee vrith each monthfy payrnent an addirional sum estimared by mortgagee to be equtl fo 1~12 of ths annua! cost of fIN follow•
ing:
A-All real properry taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried o~ the improveme~t~ siYuate o~ the abovs desaibed prlmiNa.
C-Premiums on sutF+ mwfgage guaranty insurar.ce as mortgagee shall from time to time deem fit to carry on the lpan secured hereby.
Mortgagee shall from time to time notify mortgagor in writirx~ of the amount due and payabk Mreunder and such sum s!?all fherevpon b! du! and
Fayable on the due date of ~he next month:y payment and each successive month thereafter until mortgagee sh~Il nofify mortgagw of a chanp~ ln such
amount. $uch sums shatl be applied by mortgagee roward rhe paymenr of real property taxes, inw~snce prem:ums, ufd mortpape puar~nty insuranq
premi ms.
N WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and y~ar fint ~[}Myid.
Signed, S aled and deliver in the esence of: n,~1
Robert ( i~'~) Handy ~~~n
ar
~,n--n
K--n
_ - ,e.,~
STAiE Of FtORtOA 1 ~
couNn oF S t. Luc $e
defore me personally appeared Robert Handy, a wido~er
~Rd'
Ms'~Afe, ro me well known ard knov?m to me to b~
the individw described in and who executed the foregang instrument, and acknowledged before me that tJ~ exearted ths ~ams fw tFK purposes
iav
therein sxpressed. ~Md.M~s-~-
w~f~ oE.tis.aaid • ~
eiA~i4it~o~l.bY ~ ial~au.s~parat~aod aparL tsan.4~..s~id i~rsY+~d? ~d~n~wis~faei Is-swd-beisw tine ~Nwf-sl~s~e~eeeuled -iaid~+nlruw~n? l?esl~ +nd~ehrrr
~atitY~l.vritb~Lawc ~anp?~si~. rAOStraiaL.~eoaino. ~,L ar..fmm b~c ~idJrul~eo~
WITNE55 my hand and official seal thi day of A. D. 19~
` wsry Public i~ and fw the State of Fbrida at L~ry~
My Convnissioo txpirq:
Return To: , .•:.~St:e~H
First Fcder~l Savings 3 loan Association 1 t1~K. ~it! O~ ~Olldi ~t ~N9!
Of Fort Pierce. _ . •••,~~,`~`J ~i~^ ~y (qppNSfjpp EXpj~K ~pt, 23. 1969
fort Pierce, florida : ~ • ~ V, 100
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C~ERK CIRCUIT COURT 800K~b''I PAGE2703 -
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