HomeMy WebLinkAbout1432 ~~s.`~~~~ 1 l~t~ 1`.
To plaa M+d oontMua+shl ~P on th~ buildirqs ~w~w a hp~aftK sitwt~ a~ said land +~d on all putpe~t +nd P~hl b1? MN "^~q~
pw with all pnmiuoA t!?w~on pud 1n ~vU. fire insurana in ~h~ vswl N+~d+~d Pdk1l • s~+'~ +i~~ by tM AAORTGAGEE, and w6+datonu
tiwKana M eh~ wwl s~a+d+.d poGh? 1onn, in • wm ~pp~owd bY tM MORTGI?GEE: Y+ wdi canP+nY a oa~ani~s at tl» MORTGI?GEE m~r
dinct~ and all fk~ and wind~wrm Muurana polici~s on u~y of wW buiWinp~ any htKat tMnin a pwt N~wi, in ~M ~ppnpah sue~ afora+id a -
b~xaw tk~xMf. ~h~ll ooouin tIN wwl aandard mapayM cl+uw a wd~ othu dww a 1M Morq+pN nwY nquin~. ~*+kM~p d~ loa~ u~ wid poli~
dw wd+ w~d w~*f?. P+rabl. a ~.W MORTGJ?GEE a iM int.nu n+~y ~pp~.r. and .ac6 and .v.ry wch po~kr shall b. pranpHy .a:9ewd a~+d dellwnd a
w~y Mld by wid AAORTGAGEE ~s fwtiwr uaKiry ro s~W eionp+p~ d~W. ~nd. nof I~st Mwn t~ (1~ day~ In adv~no~ of tM ~xpMation of ~a:h Polk1?. to dr
UvM to ~aid MORTGAGEE ~ rM~wal tMr~d. lopttl+K witl~ • npipt 1or tM pnmiwn o~ Nxh nn~wali and iMr1? sMll bt eo P~n or wi~dator~ ln~w~~q
plaqd oe~ ~r of f~id buildirps, ~ny Mt~rNt tl?KNn w pwt ~~of. vnlaa in tl» fonn'and whh rh. loss pay.bl. a.for.s.Wj ~nd in N» •wn~ +ny su~n
d ewe»y bec+a+nN p+yabl~ w~de~ wd~ polky or polid~s ~aW MORTGAGEE sMll Mw th~ option to r~oeiw ~nd ~pply th~ swm on aooowu o~ th~ h+d~bt~
nas Ma+r~d h~?~ a t0 PKmit uid MORTGAGORS to naiw ud uN N or u~y P+H therwf fw o~her pwpo~s, without th~nb~ waivir+p a impai.~
inp +nr puib. li~n a ~ipFN u~~ a b~r virtw of thb mort~p~~ and in tM ~wnt wid MORTGJ?GORS sh+ll fa ~ny nawn fail to kNp tM s~id pnenise~ w
Mnw~d. a fdl to ddivw P~amWN M+Y of s~id polici~s o1 insurino~ b said MORTGAGEE. a fail promp~b ~ P+Y ~~N +~Y P~~^+~+~+ M••~fa a In anr
n~p.ct fail a pKfo~, dbdw~.` •x.cvt.. •ff.c~. ~M, aanplY whA .nd ab1d~ by tN. oownant, a any pan Mrwf. ~id MORTGAGEE may p1+c. +nd
wr ta wd~ t~.w.nc. o. anr ~«e ~+...ot ~+iwu~ w.~ «.~.er~o +~w o~+on, nen. .au~h. o. ?pM wd.? a b~r vinv. d ~h~ Mo•+pap~. .nd rh~ •
tv11 ~nwwN of ~.d~ «~d w«~r wd+ paynwix .h.l~ b~ inr+»di+t~lp dw and p.y.bi~ .nd shd~ ewr tma.~t han rM da~. tMnoi umu p.W a~ rh~ na o1
e~ PN antan pK Mwnwn and ~op~tlw~ wNh weA inqnst sMll b~ wev~d M? th~ li~n of tN~ uarpa~.
i. To p~n~l, aommh a suffM ra watp h~pakn»++t or d~teria~tion d s~id propKy? a any pwt 1M~~of.
S. To p~y aN and ~Mputar ~M.ooats. clwpM +~d ~xpa~, includinp s n+wn~bb at~om~y'~ fw ~nd oosts of abtracn of titb. iKVrnd a paid at
w~y tim~ by ~aid MORTGAGEE. baau~? o~ in th~ ~wnt of Mr f~ilun on fM pan ~ th~ s~id MORTGAGOR a duly. P?a^Ptb ~d fvlly P~rfom~, dbcFw~W?
•x.cv~.. ~ff.a. ~ompl.+~: aanPM w~~l+ and .bd. by .ad~ and wery ~M sHpda~io~a„ p.~amenn. cadt~io~r. and oown+nn of ~d prani.wry no~. u~d ~
~~9+D~ +~Y a~irMr. ~nd said oosM. d»rWs +nd acpuws, ~sch ~nd ~wrr. slwll ~ Mu++edi~t~ly dw and p~yaWts wMtl~ a no~ Mes b~ eotid d~
mand +tNmP~ w oolbet or.wN p~nd'Mps and tM ivll amount of ~+ch ~nd way wdi p~~t sM11 b~a. int~r.st from tM dat~ therwf ~til p~id at tM
rat~ of nin~ pt~ eenwm pM +n+wnt and all asid abat~. cMr~a ~nd ~xp~s inpxnd a paid. topetMr with wch inqrest, ~MN b~ wcw~d by tM li~n of thi~
nwrqap~.
A. lh~t W in th~ sv~w of ~+y br~ach of thh Morqap~ w d~fauh on tM pwl d tM MORTGACOR, w(b) in th~ ~wM ~ny d wid sunr d money
hKdn nf~rnd w b~ nof pranpt~y ~nd fully paid withln tlwty C~) day~ mx1 aAN t!r sam~ averally 6sooin~ du~ and WY+bb, witho~rt d~rn~ed a eotics.
w(d tn tM ~vw11 each ad w~ry tM uip~latioia. +W~e~wets. aonditiora and Qov~ewna of said p?omisfory noh and this ~s~ortpa~ ~n~? o~ ~ifAe~ an nol
iuh?. PranPNp +nd fulH P~r(we+d. di+dwrped. ue~nd. ~ffictd. compl~t~d, con?P~ad witA aod ~bided tiy. Nwn in tithp a any wch ewnt tlw ~aid ~
prgN~ swe n~wa~awt! in wid pronsssory not~ thsn nm+ininp vnP+id. with inttnst Kcrwd. and all mar~ s~cw~d Mr~b1?. shd) baa~M dw w+d WY~
abl~ fonhwitly a~ tM?wft~r. at ~M option of said MORTGAGEE, a fuly ard eanpb~ey as H all of tM ssW sums of monrr wKt oripin~llp aipulated
ro be pa;e! an wch day. sehrtNnp in s~id pom;ssory not~ a in this Mortp~ ro tM aauruy nawitMundinp: and thK~upon a thK~atta at th~ option of
s~id 1NORTGAGEE. without notiee or d~n++nd. wi1 at la~w a in puity, tlw~fon or Nwrsafta bpun. may b~ prosecvnd a H dl nwmps s~aind har~by
h.d e+.~w.d priar ro in ieutitution. ~
7. TM~ fn th~ ~we?t that at tM bpimirg of or N any ti~e~t pMdinp aoy wit ~pon thh Morpay~, w to foreelo~e k, or to nfonn it, p to Mfwa
payn~M of an~r daims I+aiawidN, s~id MORTGAGEE shall appiy to tlr Cowf ha~inp jurisditYan thereof for tM sppaMment of ~ R~ceiwt. such Couit sh~ll
fortiiwHh appoint ~ nc~ivK of said matpap~d property all and sinpvl~?. tndudmg sll ~nd ~irgvla? ,tM ir~c~. proiit~,. issues ~+~d rewrw~s fran wMte~
wwa duival, tach and ~very of which, N b~inp ~xpressly vndKSlood, is hetebY mortp+9ed a~ if sp~tifitally sN forth and tl~tribed in the qrantinp and
Mb~nduen ds~n~s h~ra~of. ~nd wd+ Reaiv+r ~MII Mw ~q tM broad and ~ffectiw fMCrior?s and po+Nert in ~nywis~ aMrvat~d by ~ Court to ~ Reoeivu, and
wd+ appointnwnt ~MII be m~J~ b~r wch C.ourt ~s ~n admitted aq~ritp and a mattu of ~Esolvt~ ~i~ht to ~+id MORTGAGEE. ~rd without nftnnc~ fo th~
~deq~r~cy or M~d~qwcr of th~ valw of tlr prbpe~ty matp~pad or to th~ whnncy a insofvency of said MORTGAGOR a tM d~fa~dann, and tM~ wch
renn. profits, L~oarw, issun and ~w~nu~s sMli b~ appli~d by such Receiver auord"ag to th~ IiM? a puiry of ~aid MORTGJ1GfE ~nd th~ practia of wcl~
Court.
S. To duiy. P?omPNY ~nd fuib PN?onn. axecvM. ~ffect, oon+Pl~te, complY with and abid~ by each ad w~ry th~ stipul~tiont. ~preema~».
conditions ~rd oovaw+ts i. siid promaiory not~ ~nd this matya~ set 4ath.
9. Th~t in tlw sv~ro th~ ownership of tM nwrt~ped Pren+aes, o~ any pa?t H~ereof, becomes vestad in a penon WMr th~n th~ MORTGAGOR, fM
MORTW?GEE, hs wcoesson u~d +ssipra, may, without notioe to the MOItTGAOR, desl with ~uch waessor a successor in interest with nferenc~ to this
mwt~ip~ and tM d~bt I+Keby secwed in th~ wn~ mamer ~ with Mwty~pw withoul in ~ny way vitidi~g or diicharpir~ tM Mortpapors';li~bility hen-
under a upon tM debt her~by saoured. No s+l~ of tlr premises I~ereby mo.pap~d ~nd ~o fab~uanoe on tM part of tM MORTGAGEE a in wocessws
or ssiyM u~d ro~xter~sion of the rintt fw tM p~yment of tFa debt iw~by Ncured 9iwn by th~ MORTGACsEE or Us woo~sio~s or auipns, iha0 opaat~
to nlsa~, di~dwp~. mo~lifY cfiw+D~ a afhct th~ oripinal Ii~biliry of 1M MORTGAGOR hereiq. ~Hlw in whol~ or in put-
10. h b sp~cifically apreed that tinw b of tM essence of thb cam~ct and thd no waiva of any oblipation h~r~under or of th~ obliyation s~
cund h~nby ~h+ll it any tinw tharsafar b~ held to be a w~iwr o~ th~ tKnu her~of or of the irntnxn~nt secwcd he.by.
11. In sd~tion ro the foregoag ma+thy p+ymerels of princ:p~l and interest required by the'prom~uwy no~e secured Iweby, mat9aqor covenants
and a~tees io psy b nwrty+pee with ~+th monthly payment an addifiornl ~u.n estimated by mort~ayet to la eqwl to 1/12 of the anwal eost of th~ follow-
.
_
A-All resl properly ta:es kvied pr assessed aysihst the abov~ described real eatate.
6-Prerriwms on fin and windstam inswanoe as herei~ reqv:red to be carried on th~ improvame~b sitwte on the above desvibed premisa.
C-Fremiuns on s~ch mwt9~pe 9uuaMy knurance +s mat9~yee sh+ll from time to time deun fi1 to cany on ths ban :sarnd~hereby.
` Mortp~pee shall from tim~ to tNnf noliFy mort9ago? i~ writiny of the ariwuM du~ uid p~ay~bl~ herax~der and suth wm shall there~pon'b~ d~ and
i psy~bl~_on th~ due date of th~ next monthlY psyment snd esch succeuiv~ month theresher w+til 11 notify mortqsgor of s cFwrg~ in wch
~ amount. Such swnt shall b~ ~pplied by mort9spee toward the payma?t of re~l property t~~s, insw snd mort uaranty insuranct
~ prerniwns.
IN WITNE56 WHEREOF, the aid MORTGAGOR has hereunto a~t his h~nd and seal th~ day and Mt af
.d .bd and d Iiwred fM pn a+oe ofi
0
_ ~
' K--4
~ K--~
STATE OF FLORIDA )
~t .ll[!~ A ~ ~ "
CWNTY OF • • •
e.r~.. m. a.~+ur.vo..na W A Pa3~er t- .,.:t;:,::,:.
Louiae Palmer ~sp~1~,,., ~ ;~Q ':I
hi. wife, fo nn. M,.~~ k~on~i ~ ~
tM Indridwb desvibed M~nd wfio ~xecuted th~ forparp instrum~n~, and acknowled~ed befo?t m~ tl~st th~y ~x~wwtad 'tj~lM~ ~~ii
~ Louise Palmer - ~O~I;T;~A~='.v
~
,,,,;r. ot ,i„ „b W. A. Palmer ~ ~
uAaif ~
~xamirwtion by a» takan uparsts and aput from ha said ~ckrwwl~dped w~nd befon rn~ that sh~ exewt~ s~id. " . -
tarilp and willwvt W~ aa~pu~sion, oonstraiN. ~PPr~hensia4~~~d or fram IeK wid F~wbtnd. ~~,,1~'LS? :~Os -
WITNE55 hand and official wa! t~,:• •~e d~y of ~ ~,,1 • :
~ ~ .
•
~ Na~ry PuWk in u+d for ~ St~li~~ id~'N%irrp~. .
My Carwnission txpires:
Rstwn ta
Rra F.d.w) S.vinps ~ loa~+ I?s~ocia6on . • ~{p~~ly Peb~ic. S~ate ~ Florid~ at Larq!
°f °ieC~ Fi~EO Awo aECOROEO` idly Caam~ian Ex~ires Nar. 3,19~9
F°`r vK"°. F~°`~d' - sT. I.UCIE COUNTY. FLA. ~oidid w"'".~"'.' a c°...y c°.
• - RECORD VFRIFIED
~
- ~T p~j 2 PM !Z : 53 ~ ' ~
. . ~-~d~~.~ ;
~o:.~p t o~7~as ~
~ CLERK CIRCUIT COURT
; eo~c168 r,?s~14~9 ~
~ ' ~ ~ °~h
- - - . .~.~.Y.~ - - -
T