HomeMy WebLinkAbout2972 To plac~ ~r?d oonrinuo~nlq ka~p on ~h~ buildirps now w I+KNNN ~itWh Ofl Nld IN~~snd on all puiprnMt ~nd psnoaatly covK~d by this morp~
p~, with all premiums tl+K~on p+id in full. fin inwru~c~ in th~ ~w+l sundard potky form, in • sum approwd by tM MORiGAGEE. ~nd wk~dstorm
imwano~ in tM vswl ~undud policlr farn, in ~ sum ~pprov~d by tM MORTGAGEE, in wch canP+nY o~ c«^P+^iK tM MORTGAGEE may
dind~ and all fi?~ ~~d w'w+thwrm inwra~o~ policiq on ~ny of ~aW buildinpy any IntKat tMreie or part therwi. iF+~ ayyrep~t~ wm ~fonsaid a
in ~caa d+K~of, aMN contain tM usual st~ndard ma~ya~e cl~us~ or such othK daus~ u tM Morty~pa~ may requu~. ma?Ug tM bu undK uid poi}
cin each w~d ~very. p+Y+bl~ to ~+id MORTGAGEE u its int~rstt rtwr app~a. +nd t+ch +nd ~w?Y tuch Pelicy ~II bt promptly ass:q~?ed end d~liver~d to
.ny Mld by s+id MOatGAGEE as funha ~.cwihr ro s•W mor~~sp• d.b~, ~nd. nw I~ss than t~n p0) d~ys in advanc~ of tM ~xpir~tron of tath po~icY. ro da
livu ro wW MORTGAGEE a r~newal th~rwf, wpethK with a rouipt fo? tM pnmiuen of svch renew~l~ and ttx« ah~ll b~ oo fir~ or windstwm inswaoc~
plaad on ~m? of said b~ildinps. ~ny inte?Nt tM~~i~ or pa?t thehof, unl~ss in ~M form ~nd with tM bu paYable ~i ~fonsaldj ~+d in tlK sva+t any wm
of mw»y becan~s pay~b~t w~de~ wd~ policl? or Poliws s+zd MORTGAGEE sAall Mw tM option to receiw and ~pply ~M ~ on nccourN of tM indebted~
~eu ucwed Mr~yy q p pKmit said MORTGAGORS ro Maeiw a~d u~ N or +ny put 1Fareof for othe~ purposes. without thareb~ waiving ot anpair-
irq ~ny p~ity. lien o? r'ght und~? or by vlttw of fhis morty~pet Md in IM ~vent Nid MORTGAGORS sMll tp sny tt~son fail fo keep the taid prNnitsa so
iosured. w fal~ w delive~ promptly ~ny of isid politie~ of traw~na ro said AhORTGAGEE. a fait promptly to p+y fully a~y pr~.nium therefa w i~ ~ny
~~ipect f~il b paioren, dixhuge, ea~cut~, ~ff~ct, oompl~te, comply with a~d +bid~ bY this tovenant, or u+y p+N he*eof, s+id MORTGAGEE nuy p~~c* and
paY fw uxh inwranc~ w~ny part th~rwf without wahrinp a ~ff~ctinp any optia4 Ihn, puity. o? ~ipht und~r w by vi~tw of ~his Mat9ape. aed the
full amo~nt of e~ch and ~wry s~rch paY^~^t shall b~ imnediatdy dw u~d piyabl~ and sh+ll bear interest f~om fM dat~ thereof until p+id N tM ~at~ of ~
~irw per ceetum per ~newm and topether with wch intaest s}+~tl be aturod by th~ Ikn of thts morty+ye.
4. To pKmit, oommit oc svffK no w~ste, imp~kment or d~ttrio+~tion of ~aid propafy or any psrt thereof. ~
S. To pay ~II and skgular tM cosh, cha~p~t and exp~ns~s, includirg • nsson+bl~ +ttorney's fe~ and oosri of ~bstracts of titte. i~cuntd w p+~d ~t
eny tune by said 1NORTGAGEE, bcauu or in the ~wnt of tM failw~ on tM put of tM s+id MORTGAGOR ro duly, prompNy and fully paiorm, d~schary~ !
executs, effeet, complete, canply with and ~b'~de by sach ~nd every tM sYipulations, ayreements, conditioos, and townanfs oi said promissory note and thi~
mort9aye soy a ei~he?, and ~aid costs, cMry~s snd expe~ues. sach and ~wry, sh+ll b~ imm~diately d~~e and payable: whether a not thers bt notKe d~
mand, attempt ro collect or wH pendingl a~d tM full xnount of ~ad+ and wKy u?ch payment shall be~. interest fran tM date th~reof ~ntil patd +t t!M
ra~e of ni~e per centum per annum; and all uid costs, cMrpes and ezp~ns~~ inaxnd or paid, together w~th svch int~rat. shall b~ s~cvred by 1M lien of thu
^aref~yw - .
b. 7fWt (a) in the ~vent of s~r breach of Nds Mort~sp~ or d~favl~ on th~ part of the N10RTGAGOR, a(b) io ths eveM any of s+~d wms of money
herein ~eferred to be not promptly snd fvlly paid withtn thirty (30) days nexi ~fter the sam~ severally become dw and p~yable. without dem+nd a notic~.
or W in tM event each and every the stipuktio~u„ ap~ea~?ts, condiY~au and coven~~b of sa~d promiswry noro and th~s mortyape any or tither are nw .
iuly, promptly and fuly perfamed, d~scharp~d. ~xecuted, ~ffacted, eainP~N~d, complied witA and ~bided by, tMr~ in ~ither a anY ~uch tvant tM s+id ~
gregaro wm mentaoed in said promissory not~ then remaininp unp+id. with intaest ~cuued, and all naneys ~ecured hereby, slatl beoo~n~ due and p+p
able forthwith, or tF?ereafier, st th~ option of said MORTGAGEE, u fvily ~nd compktely ~s if all of the said wms of money .were orpinally ~tipul~ted
to be paid oe such day, anythirg in.said prom~sswy note w in this Mortpa~e to tM contruy notwithsundirg: snd therwpon or tl+ereaftN a1 ths option of
said MORTCaAGEE, without ootiu or d~mand. wit d lavr w in puity. 1l~erefwe or tMreafrer beyun, m+y b~ prosecuted ~s if all ma~eys s~cured Mreby
had matvred prior to its institution. -
7. That in the event that at the beginni~p of w~t ~ny tirn~ pendtnp ~ny wit vpon this Mortga~, or to fondos~ it, or to roform It, or to enfora ~
paYmcnt of any claims here~mder. ~aid MORTGAGEE ah+ll ~pply to the Cowt havin9 jurisdiction thereof for tM appointment of ~ Receiva~, such Court shall !
forthwiti~ ~ppoint a receiver of sai~ matyayed~-ptop~rty all ~nd iugulu, lncludm9 all ~nd sinpulsr the incan~;p ~o,fits, fuues snd revsnws fran whatever j
source derived. each and every of which, it beinp ~xpressly understood, is l+ereby mwtgaged as if specifiulty..sef fonh end described tn thi ~r~ntirg u+d
habcndum cl~vses hereof. ar?d s~ch Reaeiwr sh+ll Fww ~II the broad and effectiw functions and powers in anywise entrustld by ~ Cou?t Ip a Reeeiver, and
iuch app~intment sAsll be made by such Coun as an admitted equity and s m~tt~r of ~bsolu~e ri9ht w uid MORTGAGE6, uKJ without r~ferenc~ ro ti+s
adequaq w inadequacy of the vdue of tl+e properry matqaped or to tM wNency or insolvency of said MORTGAGOR or the defendann, and that such
ren~s, profits, income, issues and reveoues ahall b~ applied by sud~ Renivcr sccordinp to the lien or puity of s~id MORTGAGEE and the practice of wch
Court.
8. To duly, promptly snd f~lly perform, d'acharye, execute, effect, complete, comply with ~nd ~bide by each and every the stipulatio~u, ~greemtnu,
conditioro u~d coven~nts in asid promisso?y note and thia rnortyape set forth. .
9. Th~t in the event the owncnhip of the mortgspd premises. a sriy psrt thereof, becomes vested in a penon other th~n tha MORTGAGOR, the
MORTGAGEE, its successors ~nd usiyra, may, without ~otice to the MORTG/WR, deal with such successw w svaessor in interest with refennce fo this
matgape u~d the debt heteby setvred in tM s~me manner u with Jllbrtg~gp without In any wsy vitiatuy w dischsrgirg the lNortyegon' tiability hert
under w upon the debt hereby secured. No wle of the premises hereby mortg+ged ~~d no fwbeara~ce on the pan of the MORTGAGEE or in svccessws
w euig~n and no extension of the time fw the payment of the deM he?eby secvred given by the 1NORTGAGEE w its suctessors or assigns, shall operat~
ro rckase, dixharge, modify change w affect the oriyin~l liability of tM MORTGAGOR hersin, either in whob or in put.
10. It u specifically sgreed tMt Yune a of the essencs of this contract ~nd that no waiver of any obtigatwn he?ew~der or of the obligation se- t
cured hereby sMll st any time thereafter bs M!d to be ~ waiver of the terms her~of or of the instrvment secured herby.
I1_ In addition to the forego:ng monthly psyments of princ'p~l a~d intercst required by the promisswy rwte seevred hereby, morfgagor covenants
' and agrees to pay to mortgagee with esch monthl~ payment an ~ddi~ansl sum estimated by mortgagee to be eq~al to 1/12 of the annual cost of the follow- _
'ng:
A-All real property taxes kvied ot auessed against the above described resl estata r
B-Premiums on fire and windstorm iruursnce as htrein required fo be c+rried on tF~e improvements sNuate on the above desvibed premises-
rry on the ban secured hereby.
C-Premiums on such mortgage gwranty insvrance as mortgsgee shall from t~me to time deem fit to cs ~
M.ortgagee shall from time to time notify matgagor in writirp of the smount d~e and psyable F~ercunder and such sum shall there~pon be due and ~
payable on the due date of the next mo~thly payment and eath suctessivs mo~th thereafte~ until mortgsgee shall notify mortgagor of a charge in such
amount. Such sums shall be applied by mortgagee towsrd the payment of resl property tsxes, insurance prem:ums, and mortyaye yuaranty inwrance
pr iums. .
IN WITNESS 1fVHEREOF, the asid MORTGAGOR has hereunto s~t his Mnd snd sesl the day and year first aforesaid.
Sig Sealed and liver ' the Qresaxt of:
aq
i
~ • •n
- K--n
. ~n
ATE OF FLORIDA ~
St. Lucie _
couNn cr , ~
oefwe me pe~wnally ~pp~sred Nelson 8. Rolle ,,,d ~
BSS1@ Me?e Rolle his vrife, to me well knawn and known ro me to be
rhe individwls describsd in and who executed ths fore~oirg instrwMnt, and acknowledged before me that they executed the same for the pwposes
~ ~ Essie Mae Rolle
wife of the said Nelson B. It011@ - upon a sepsrste and privste
exami~stan by me taken separate and apsrt from her said hvsband, ~duwwledped to and before rta thet she executed said iratrument Ereely and volun-
tarily and without smr oompulsion, tautr~int, apptehs'n)sion, o`r
f~ of or from her said Fwsband.
WITNESS my Mnd ~nd official se~l tlu~ {;~9 day of Jul A D. 19 67
s..
_ Notary Public in ~nd for the Stste of Fforids at tupe
My Commiuan ~:pires:
Ratum Ta. 't`•`':~:`, (~OUry ~t. ~t! Or AOfldi n Vf9!
Fint F~deal S~vin~s i loan Auotiation - ; : ~ •
Of Fort Pierce. : " .~r Cowa~ssaa E:pires Sept~ 23. 1964
' C._~ ~~.+y M.~N ~y A..~c.. ir~ t Cr.+M G. i
Fott Pierce. Flwida ~ ,
FflEfl ~AtYD RECORDED~ ~ ' . ~ ~
ST. LUCIE COUNTY. Fl.A, ' ° ~ ~ ~ - -
~+E~n?f'- V- ~!FlEQ _ _ ~ i4~'j,~.- - ' _ .
1595S~ ~ - - ~ _ ~ . ~
'~7 AUG 29 AM 9: 4 I .
y,,~~a~~~ • ~ -
.:~~c:_:: :o~-rR:.s
CLERK CIRCUIT COUR'f - gmK16'''I P~~297Q
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