HomeMy WebLinkAbout1447 ` ~tx . . i ;r -t 3
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S. To p4a and oontMuouslY k~P on N~ buildieg~ ~+ow a hK~ah~r ~Ifwa on safd I~d ~nd on iq .q~ipen~N and PKwndh cow~~d ~MI ^~+Y'
p~. with dl pemiurt~ tMr~a+ p~id N ivll, fih tewr~nn in th~ ~wat sta~ad palicy tan~. ~n • sum approwd ~r tl» ~ MORTGAGEE. and ,wi~dttorn~
Irww~na b Mt uw+) pwidud policy far~n, in ~ ~wn ~pprowd by th~ MORTGAGEE~ U wch camP+nY a oompa+~i~s aa dn IMORiGA~iEt may
dind~ and ~II fk~ and windNO~m in~wana polkMs on ~ny of s~id buildinp~, ~n~r int~rat thK~h a p~t tM~wi, M tM ap~reyah w~ ~fora+W a
In ~xaa 1h~»f. ~h~tl aomain tM wwl aandard maq~pu dauw w wd~ W1~ dava a th~ Map+pN may epuin~. nw4M+p IM los~ wd~. a~W pol~
ciN. ~ad~ «+d ~wry. WrsW~ a s~id MORTGAGEE a in irotrar nwy app~r. ~nd ~ad~ and ~wry wd~ policy sha11 b~ pwmptly ~u~pMd and d~Uv~nd to
~ny MW by s~id MORTGAGEE a iwtMr ~ecuriry fo wW rnaq+p~ d~W. Md. nof I~q M~n ta~ (10! days In ~dv~na of th~ expk•Non of ~ad~ Po1kY. ro d?
liva to s~W INORTGAGfE ~ nMw~! Mrrwi. wp~tha with ~?~a~pt ior tM pnmlwn of wd~ r«wwil~ and th~n ~11 b~ no fin a winrhtam inaw~na
pl~ad on aiy oi ~+W butldinpf. an~r M?t~rqt tl~n+n ~ p+rt tlwrwf, w+1as tn th~ form'and wNh tlw loss pay+bl~ a~i«tHid~ and tn th~ ~wnt u~y w~n
oI monty becama pay~bl~ wdK wch policy a poiicl~s ~aid NWRTGAGEE sMU Mw ~M option ro naiw ~nd apply t!w awn~ on ~caow+t of tha inci~btd~
e»p wa~nd I~~b~r a b pKmit said MORTGAGORS lo ?wiw ard uN N a any p~t tMreof fw other purpoNS, w~?hovt thsrrb~ w~ivinp a impalr-
~+D +~Y ~b. li~n a ripht w~dK a b~? virtw of this matp+~r and in tM ~wnt uid MORTGAGORS ~hail fa any nasa+ fail ~o k~eP tM s+id pranisa w
m.~..d. a f.p a d.isr.. ao~h? +~n? of i~id politi~t oi inwhn~s to sNd MORTGAGEE~ w fail prompt~ll a WY ~M ~~r a•m~ tt»..ro. a M«+y
?ap.ct fan a p..t«~n, ~sCA+.9.. .:.at., .ff.ct. c«~p+•t~. aandy wi~h .od .bta. by thh oowo+nt, o. anr pxt t»nof. s.id Morttw?GEE m.y piaa. «+a
WY (a wd~ InMxana w~r?y part tMnof witho~+t walvi~g or affalinp +nY optioti IiM, pui~Y, or ripht w~ a~ by. virtw d thk Mwpap~. ad tht
1vt1 «nowu of ~sch arw! w~el? wd~ WYn~t ih+ll b~ ~wn~ateh? dw ~nd pYabN ~nd ~MII bw IntK~st fran tM dat~ Nwwof untU p~W M th~ nM ol
nir» pM o~ntwn pM erw+um and top~thM with wth htKpt ah~ll b~ s~tw~d bY th~ li~n of 1hM I~w~lpp~.
To p~r~ aomndt ot wfF~r no w~sN. M~paknKnt a d~tKioration d t~id ptopwtp or ~ny parl 1l~e?iof. `
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S. To p~y all ~nd sinpul+i tM.ooslw. dwp~a aod ~xp«w~. M~dudinp • nasoMbl~ dtoreKy'~ fk snd oosb of abstwds of titl~, h~nin~d a pald p
u~y time by wid MORTGAGEE, b~cav~ a in th~ twnt of tlr fsihin on tM pan of th~ wid MORTGAGOR to du1y. P?omPth ~nd fvlly p~r(onn, d'ac#u~pt
~xecwR. ~ffW. oanpkt~ aonM?~Y wul+ and abid~ by ~ach and every ths q1Pul+tiaw ~pnenwnfs. c~tioro. and aoweaofs oi sald praenissory no~~ i~d thb
mortp~p~ +n~? a eith~r. and w~d co~». ch+rp~s +^d ~xp~a, each and ~wry. ~hall b~ M~d'wtdy dw and WY+bMr wMthN a no1 tMr~ be notici dr ~
mand~ ~t~pt to ~olket a wit pen~npt and tM ivll arnount of ~sch and wKy wch psym~e~ slwll bw intKat fooen tM dat~ thenof unKl p~id at tbe
rate of ~+i~ pK asmwn qt arwweni ~nd all said absts. d~u~s ud expNtws incurnd or paid. topNlwr with suth inMn~t. ~Mq b~ Mcur~d by th~ li~n d tha ~
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A. 1Mt (a in t!w w~nt of ~ny bnach af thb Morqap~ o~ d~fauh oe tM put d tM MORTGAGOR. a(b) In the ewet s~ryr d wid wma of mon~y
h...tn nf....d ro b. ea p.o~rh a~d ~v1y P.id w~rht~, thuey (30) d+ys n~x~ ahar tM sam~ Mwraly bsconw dw ard WY+WR, witAou~ dernand w notk~.
or (d in th~ ~wn? wch and wwr rl~ uiput~tiona, apnan~ets. oond~rions and aov~mna of w~d promissory noq and ttrs morqpe «q w ~i~hw are na -
iuh. Promptlr «~d fulb P~rform~d, d;scl+up~d, ~xea,bd. ~fficqd, cortipt~t~d, oompl»d with «d ab'ded by. ~Mn in ~~tlw w~ny wd~ ewn~ tM sa~d a~
Oiq~N twn n~tio+wd In i~id praniuory rwM tMn ran~iip w~W~d. with ints?~st aarved~. and ill ma~sp ~awnd h~r~b1?. ihalt beaome dw and psY~
abb forthwith, w tMrNfia, at tM option ol s~id MORTGAGEE. as fvlly and oompAtely as°H all of the aid wms of mon~y wu~ wpin~liy atipvlarod
ro be paid an such dsy. an~rlhinp in ssid pron?issory noh or in tHs Mwtp~e ro tM oontruy notwithst~nd'ag: and IMrwpon w thereahK at Nw op~wn of
s~id MORTGAGEE. without notit~ w d~mand, wir d lan w in ~9uiry/. tMr~fon or tMrNhe~ bepvn. m~y b~ pros~cvt~d a if a0 ~norwps ~cw~d Mnby
hd m.hind prior ro ih 4nrirution.
7, ih~t in tM went Nut at the b~yimirg of a~t any tim~ peedinp ~oy wit upon thb Matyap~, or to fwacks~ k, or to rofam M, a ro~nioros
paymMt of aMr dairns I+u~und~r. s+id MORTGAGEE sh~ll ~pplp to tl~e Cowt h~rinp jw~sdiction thcrwf for tM ~p~wmtm~nl of a Recsiver, wch Coui~ ah~ll
fatFiwith sqwint ~~eceivp of satd maty~d propNty atl and sinpulat. Indud~np all and sirgular the incore». profits, iaws and nveiwxs fran wb~t~w.
woro~ d~riwd. ~ad~ and ~very of which. N b~inp expnsily w~d~ntood, a huebY n?o?~9+9ed as if speciticalfy s~t fath ~nd desv~ed in tM p~~mirq and
MberKlum clavs~s Mrwf. snd wch ReosivN sh+ll twve ~11 1F~ bro+d u~d effectiw f~nct~ons a+d powen M anyw~u emnnted by ~ Cowt to ~ R~ceiwr, and
wch ~ppointm~nt shall bs m~de by wch Gourt as an admitted equity and ~ m~nsr of absotute right ro said MORTCsAGEE, ~nd wi~haA fffHMCf 10 tFr
~dpuscy a Gwd~qwq of the v~lw of th~ prbperty mortys~~d or to th~ sohrec~cy or insolvency of said MORTGAGOR a the defN+dants. and that wch
renb„ profita, incan~, issu~s and rwM+ua sMll b~ ,~pplied by wch R~ceiver xcordirg ro rM lieo or puity oi said NIORTGAGEE aod tM practia of wd~
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e. To duly. P?'omPNY and fully p~rfa~m, dwch~~. ~:atut~, tff~ct, compl~te, oo~nplY with and ~bid~ br wth ~nd twry th~ stipubtion~. apt~em~nts.
rord'itioro ~nd aovenw~n in said promissory not~ and this morty~e sst io~th.
9. That in tM ewM th~ ownership of tM mor19+0~ P~~~, w+^Y P+~ thereof, beeanes wst~d tn • pt~n otMr NMr? tM NWRTt~AAGOR. th~
MORTGAGEE. its waessas ~nd ~si~pro• ^n+Y, wi~how ~otic~ to the MORTGAOR, deal wirh such suaessor or wacessor in intKS~ wi~h referenc~ fo tl+a j
mortpp~ and tM debf hsreby sccured in tM sain~ mamer as with Mwtyapw withow in any way viti~tieg or d'acharpinp the Morq+pors' li~bility irrr '
under or upon the debt hereby aea+.ed. No sab of tM p.emaes hereby morty~ed and ro fwbearann on tM p~n ot tM MORTGAGEE a in wco~sson ~
or ~ssiyns and no eztensan of the time !w tiw payw~ent of the debt hereby se~cured qiwn br th~ N10RTGAGEE or ih nroo~sson a ~ssipes, ~MII opeub ~
ro rN.a~e. ~scMrp~,. mod~fY drrg. w aff~ct tM orip'uNl lisbiliry of tM MORTGAGOR Fwein, eitha in wl+ole w in parr.
10. k ts sperifiuly spreed th~t tirn~ is of th~ es~a+ce of this caur~ct uid thd no w~iwr af m~r obHpation h~raund~r or of tl» oblip~tion ~r
cvnd IMreby ~s!! at aoy tim~ thsr~~fqr bt hdd to be a waivsr of th~ terrm Mrwf or o# th~ instnwnan aenwed herby.
11. In addition to the fw~go:ny monthly p~yments of princ p~l md inter~st reqoired b~r the promis~ory note secwed hereby, morl9~yo~ oor~wnts
~ and aprNS ro psY a mortys9s~ yvith cach monthlY payme~t an add~riond su~ eseimated by mortyape~ to b~ eqwl to 1/12 of th~ annwl cou of ths folbw-
ing:
A-All real property tax~s I~r~d w as~essed aysirot the above desaibed real estaro.
b-Pnmiums on f'u~ and windstorm inswanu as hertin requ~red ro be wried on the improwrr~ents sitwte on the sbove descr~ed premises.
C-Prsmiums oe? s4d~ mort9sps yuannty inwrance as matyayet shsll from tune to time de~en fit to cartr on tlk ban ~ecund hereby. t
Mort9+yee shafl from ti~ne to tirr~e notiiy mortg~gw in w?itirg of the amax+t dve and pay~bk hera~xder and wch wm ~hall tl+ereupon be dw and
~ paY~bl~ on the due date of tM next monthlY payment and ead+ successive month thercaher votil mortyapte th~ll notify mwtQs9a of a cMnp~ in wch
~ smount. Such s~ms shatl b~ applied by mortg~pes toward tM paym~nt of rs~l property tsxq, inwranc~ pemi~rrns, aod mortpaye 9wranty insur~noe i
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IN WITNESS YVMEREOF, th~ aid MORTGAGOR ha hereuMO sN his h~nd and aesl th~ dsy and yeu id. ,
s~.d, .~a a«.~. ~ L~ rn-~xr~"'"
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` TATE OF fWRIDA ~
~ _ St. Lucie .
~p~ ~ ~y~,,,py Cl ~ ftnn C _ Simmpns . ~„d ;
Je s s i e Simmons hi, ~,,,;rq „ n,,. ,u.n knovw, .,,a krw~n, a n,e to b. '
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rh~ individvab daa~d tn and who ~x~cuted tla forspoinp tnstrum~nt, ~nd ~cknowledped beforo ms that tf~ey ~xecuted tM same for tM purpows ?
,he,.i„ .,cp..,,.d. Md M,. ,,;a Je s s i e Simmon s
w;~~ d,h~ uid Cl i f ton C. Simm~ns , .„po„ ,,ep..,h ,nd P,i~,a,.
s~andn~tan b~r rr~ qke~ s~pant~ and apart from her said hwb+nd. +du~owledDed ro uid befon m~ tlwt sh~ exewt~d s+id irotrument fre~Fy snd volwr
tarily and without aiqr compulsion, mnstraint, appr~F~emion, or f of ot from f~ said lwaband. •
WITNESS my lwrd ~nd official.stal t~_~ C.~ day of A. D. 19~
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ary Publit in and for tM Sut~ of fbrida N larp~ ~
RMurn ~!a . My ~ ~
~~.:~+c::t:::..
Fksf f~d~rai Savirga i Loan Auoclation ~ . t' . ~ ' ~
Of forf Piero~. `~`i - .`'E~ . ~'~0~ PY~I. S~! 0~ FlOl1di it ~ -
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, Fort Vierc~. fbrid~ ` Q : r~ - ~L'~' : i+~ ~S~Ow ~f
~ • '~L . C~ v'• M~Mi b A~wkr fir i Crri/ G.
FILEO ANO RECOItOED :,.Q: ~ ~ - ~ ° : % ,
S7. LIJCIE COUNTY. FLA. ' ' ' ~
R~COR(~ V~'RtFIED -
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'~T OCT . 2 PM I : 0 ~ . ~r~
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• ~ C~ 'U~TRitS ~
CLERK CIRCUlT COURT O~R~~~ . '
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