HomeMy WebLinkAbout0301 . ' • a 1' p~ .
to plao~ ~nd contirwoualy kNp on fh~ buildin~ eaw a 1?K~afh? ~itwh on ~id land aed on ~II eqvipMnt ~nd pK~or?~Ily oova~d by tht~ n~orlo•
p~, witl+ aQ prKniw~ ~hKwn p~id in fui6 fin irawanc~ in th~ ~swl sqndud iwlicl? ~am. ~n a ~wn approwd by th~ MORTGAGEE. Md windatan~
k~tuwna in th~ wua) Nandud polity fan? h• wm approv~d by th~ MORTGACsEE; in wth comp~nY w canP+e?in p tM MORTGAt3EE nwr .
d'wqt ~nd ~11 fk~ and wind~lorm M~wrana politia on ~ny of s~id buildinp~, ~ay inNnst Hw~Nn ot psrt tMnof. ln th~ aQprp~N we+ afonwld a
in ~ IMnof. ~h~q aonain tl~e wwl sqndxd morp~ dau~ a wd+ od~u dauN a tM Matp+pw m+Y nquin, m~Ainp th~ loss w~da s~id po1E ~
cia. .uh ~nd .,rwy. p+Y~b~. a aW MORTGAGEE a in innrsst may .pp~ar. .~d e«h «+d w.ry wd? potky sMll b~ praeptty as:9md and d.Uv.r.d ro
Mt? Mld by wid MORTGAGEE a funAn waxiry ro ~aW matp+p~ d~W. +nd. na las th~? Nn tl~ dayt 1n ~dvana of th~ ~xptrarion of wd+ poticy. to d~
tivM b aid MORTGAGEE • nn~w~l tMhof, Iop~thw with a~ip~ tor tM prMntum of wd~ ni+~w~lj u~d ~h~n sFwll b~ no fir~ or winduwm buu?a~o~
p1•ad o~ arqr of •.~d b~iw~s, .~y ~+eu.a N~.r«n a Pan d+.nor. w,tas sn th. to~?•«+d wnh ~h. aus Paybi. a afo.a.rd, .~d ~*M •w~u a~?y w~n
of +norwy baaln+N payaWe uewla wd? policy a policih aid MORTGA<3EE sMll Mw th~ option w r~uiw and apply tM s~ an aooou~l 01 tM 4ndsbte~
ew wa,nd Mnby a fo p~ienit s~W MORiGAGORS w naiw ~nd w~ h a u~y p~rt Nnnof fw otl~er pwpos~a, witho~t thereb~ w~ivinp or impair.
~+~1~ ~~11. li~n w ~ipht undM a by virlw of thh mort~~ ~nd 1n t}~ ~wnt s~id MORTGAGORS alwll fa any rwwn f~il to kkp tha aid prwaiqs ~o
Insw~d w faU a d~liwr PranWh N+Y of uid polid~s of intwsno~ a wid MORTGAGEE. or fail P~~Pthl ~ ar fi+~h? ~I? P«mtwn~ tM~tfor a te ~ny
ntpM htl b PM1oenL dhdw.~. ~~wN. ~ff~Ct. oanPkf~. aornply witl~ ~nd ~Web br trw eowrwnt. a a.ey part hawf. sald MORTGAGEf eeuy pl~ and
Wr fa? wdi Yawano~ a aqr part 11w~~of withour wahinp o~ atf~ctl^0 +~Y oDtio+~. ~iee. «Nity. a?gM urdK a by virtw of thh Mort~ap~, a+d *M
fvll amowN of ~+~th and wur wd~ paym~eN ~11 b~ inwn~di~tsly du~ ~d py~bb and aMll b~ar inNhat fran th~ dah tMr~of w?til paid rt th~ raN of
niew PK a~nhun pK amwn and fopsthe~ wiM wd~ L+q[«t sMll b~ ~cure~ by~ tlf~ Il~n of 1M~ p~orp~p~.
4. to p~ oorrmit or wH~r no w~ahr, M~irrt~t a d~tuioatloe of~~aid prapwty or any parl thKeof, t
S. To p~r all a~d sY~pular tM.oosh. cwr~s +nd ~aPwwt. krcludinp ~ nasonabh attomlr'a fa~ and aosri of abn~cts of Htl~. incwred w pald at i
any tim. b~r said MORTGAGEE, b~eaus~ a M+ th~ ~wnf of th. failun a+ Nw p+rf of rl+~ s.id MORTGAGOR a dub. Wo^~PNY .nd f~lly p..foreq, d'ueMr~
sxKVfr. tff~cf. OOmpl~fl. oomply wifh and ~ ~iCh aMi !
b'1~ wMr tM stipul+ti«a. +p~e+^wnq. oonditiorob and wwMn1~ of s~id pronwssory noh and tha j
~q+p~ +n1? a NtMr. aed a~id aoaM, tlMrpN +nd ~xP~a. ~+d+ ~+d ~vehr, slwll b~ iimwdiaf~ly dw ~nd WY~s wMtMr a na tMn b~ notiai dr
nwkl. atlMnpf w aolt~et a wit p~ndieps ~nd tM full anawn of aeh and ~wry wd~ psyina+~ sMll b.s. ;n»r.st fro~n tM daa eMnof until paid ~t N~e
rate of nin~ PK amum PK +n~+ms and aU iaid absn. dwqet a~d exp~nws ina+rnd w pakl, Iops~ha with wd~ int~t, thdl b~ acw~d b~t th~ li~n of Mw
worlpaaw
4. ThN ja] h 11?~ ~v~nt of ~ny bnacA d Mis Ma~ps~ a d~fwM on th~ p~rt of th~ MORTGAGOR, a(b) in th~ ~wnt w~r of wid wms of mon~y
hn•tn nh?nd a b. oa pro~rH «+d fi,~y v+~d wir~n Nw~? (30) day. o.x~ •Ha ~h. s.m. serswih b.co„~. due a~d wr.bN, wtthou+ d.~+.~+d a no~a.
or (v in Me ~v~rp ~ach and ~wry ths stipu~+~iaa. +pn~rt~. aor~tions a+d tov~a of s~~d promiaory nor~ ~nd Ma morpaq~ ~ny or fither an rw1
!uly. proa?pdp arwJ futlp pNform~d, di:cfwped, ~xscut~d. ~ffided, con+Pbhc~ coer~lMd with aad ab'~ded by, Mae in ~i~Mr or any wd~ went th~ ~aid p~
0..~.t~ .wn maaiwna in .+ia p~omi..ory ~wt. Nwn r«o.in6w unwid. wieh Lu.nst .cuuea~, «,a al~ monsy. .~cu..d h~r.by. st~d~ becom. dw .ea P+r
abb fathwitl4, a t1+KNh~r. d the option of said MORiG/lGf~ n fvlly ad completaiy as H al! of th~ sstd wrro of
moMy wer~ origin~Hp stipulat~d
w be p~id an wd~ day, anytlikg M+ said promissory eoh or ln this Morpag~ ro the cont~ary notwitAstand'u~p: aod thereupon o? NrrNha a1 tM option of
wId MORTGAGEE, wlthout notits or d~m~nd, wil N la~v w in ~quity, th~raFon ar tl»r~sftu bepw4 m~Y be Prossn+ted ~s if dl ~ys awnd h~raby
h~d mifiN~d pi0/ ro its insfittdiorl.
.7. Th~t in Nr went thst at th~ b~gMnirg of or at any tinr pendinp aoy wit upo~ this Nbnp+p~, or to forecloa h, or 1o nfam N, a to ~nforq
p~ymaM of anp d~ims ha~e~rnd~r. s~iJ MpRTGAGEE tlrll apply ro the Caut h~vinq jwadidion thenof tor th~ ~ppantment of a Receivar. wd~ Couit shall
Fortliwith ~p~wint a nc+eiwr ofi sald mortp~y~d p?operty all and sin~ular, indudug all ~nd sugulsr tM 'a~oomt, profi:r: hsws and r~v~nues frwn whateve~
soaa~ dKiwd. e~fi u~d every of whid~, it winp sxpressl~r undentood, is harebY ^+a~9+9~ as if specifiully sM-fath ~nd d~w~d in t!» ~nntinq and
iwb~wn cla~sa haeof. ~nd wcA Reuiwr shati h~w sll th~~ broad and eff~ctiw functiorb and powers ln u?yvvist entrvshd by ~ Court to • Reaiwr, u~d
wth ~ppoinhn~nt slwll be mad~ by wch Cairt ~t an ~dmitted equity and a m~tter of ~bsolute ~ipht to said MORiG/U'sEE, and withoul nferenc~ 1o th~
ad~qu~cy a Mwd~q~acy of th~ valw of tM prq~ry nwrt~aqed or ro H,~ wNe~cy or ;oso1„~ncy of s~id IKpRiGqGO~, or the defandant~„ a+d that wd~
~w+ts. P?ofib. b~ws snd rsvMws ~MII b~ applied by wch ReuivN accordinp to th~ (ise a puiry ot said MORfGAGEE ~nd the
prktio~ of wd~
8. To dvh, promptly and ful~Y W?form. dadw~, e:ecut~, tffett. oonpkt~. ~omp1Y with uid aWd~ by tach and ewry th~ stipuiations, +Dnert~np,.
aondilioru and ooven~n» irt aaid p~omisswy not~ and N~is matppe set forth.
9. ilwt in th~ went th~ ovvnsrship of tFr monyped prem;ses, w+nY P+rt NKreof, becana rested in • penon other th~n the MORTCsAGOR, th~
M10RTGAGEE, its auccesson and asspra, may. wirhow nc~~ce to the MORTGAOR, d~al v~rith such succeaso. or successa in interest wirh rtfaeiw b thia
mort~p~ ~nd rM debt hasby sstwsd in tht same mar»e~ p with Mortyapw witlaW ln iny w~y vit4~tinQ or disch~rpirg tht Mwt9agws' lisbility Mn-
widK or upon the debt her~by secvred. No ssk of the premises herebY mat9ap~d ad no fwb~aranc~ on t1w part of tFw MORiGAGEE or in s~oces+ors
or assigro snd no e:tMSion oE th~ time for the payment of tM debt hareby ucwed piwn by ths MORTGAGEf or its w~tssors pr suip% ahall ope~~t~
to rel~+s~, dad~u~ rnoilifr dun~ or affM th~ aiyin~l liability of th~ MiORTW1GOR her~iry ~ithn in whob a in pwt.
10. h 8 spsdfiully apnad thaf tim~ b of the es~enc~ of *his oontati a~d tlut no waiwr of any oblgation hawnder a of ths oblip~tion sr
tw~d Mr~b~r sMll at any t1rM tFwssfta be Mld fo M a waiver of the tKms hereof a of th~ instnxnem ~aand huby.
11. In addition ro the forego:np monthly psymenri of prioc'p~l and interesr r~quired by ths promn~ory note secwed Aereby. matpagw cov~n~nts ~
. +nd +pr~es ~o Wr to morty+yee with ead~ monthlY payme?~t an additiwul swn euim~ted by monyayee to bs eqwl b 1/12 of the annwl cost of the folbw-
, _ _ . . ~
A-All ~eal property tsxes kvied o~ awssed ~ysinst tiro above described real estate.
B-P~antuna on fwe ar~d windsram irourance as berein ~equ:nd fo bs carried on ~he imp.oven~eens utwh o~ the above desu~ed premisa.
C-Premiums on s~tcfi ^ar?yspe ~wranty i~swance as mortgagee ~sll from t~me to time deem fit to csrry a~ the ban secured hereby.
Monpspee shall from tirn~ to tim~ notify matg~por in writinp of the a~nount due snd pay~bb herevndsr and wch wm shall Hxreupon b~ due and
p+yb1e on the d,e dare of N+e ne,ct monthlY P+1~r and each woc~siw monrh rha+caftn vn~il matps~ee sl+ap eor;h morf9~yor of • charge in weh
~na+n1. Sud~ sums shall be spptied by mort9apee toward the paymeet ef resl propeny taxes, irowance pre~n;ums, snd mon9spe yusramy ~r~wan~
WITNESS WifERfOF. tht said MORTGAGOR has 6e?euMO s~t his hand snd seal tiw day ~nd yeu fi?st afora~aid. -
and ti~e preseno~ pfe • i
~ ~ i
n ~
K--n
+~q i
sr~~ OF Fwrtta? . 1
St. Lucie } ~ ~
courmr oF
e.ron m. p.,,on,~ty ,pp„wa Arthur Davis ~ ~
TAS nh; ne nat•i s hss wife, ro m. wdl keoNm .nd known w me to M
th~ individwb daaib~d in and w!w ex~wted tlw forayoinp instrumant, and ackriow(ed~ed 1»foro en~ that Nry ~xecvted t6e sanw fw th~ purpous
tk...tn .~y,..M.a. s~,a ,h....+ Josephine Davis =
or ..~a Arthur Davis
~+min+tion b'fr nw taken ~spust~ and aprt from ha said hvsb+nd. ~duwwbdped w~nd befon m~ ttyt ah~ s~aitsd s~id trwnent fns~~
y and v~o1 ;
~""~hout ~ aon~pu~spn. oomtnint. a fur of a from inr wid husbarwl.
WfTNfSS my Iw~d ~rd off'Kial s~al ' ~y ~
A. D. 19_~LZ
i
~ ' Notary PvWic in and for tht State oi Flaida ~t tarpe ~
. Ailr ~om~nission ~xpir~s:
Ravtn T~ ~ . _
firsf frdua) ~Stviny~ i ~ ~~•:~~~~'u;:ry, _
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s~. ~ ~ ''i ¦IwY~ u.v
O \ ,,.~~=~~I~t~Ci~ \IYwr~~
F~E , ~ ~ ' ' ~ u.+w ti rr. a c.~.~+r c..
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~ d0~t P~t6E y V1l~, r ~ i
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