HomeMy WebLinkAbout0185 S. Ta plan ~nd conrim?wsly ks~p an ~h~ buit~;nps nwr or iws~`tK sitwk a+ ia7d land and on ~il p~++Pm«N s~d PKwn+~~Y co~wr~d bY th~ na~q~
p~, with ~II p~teNUe~ therwn pa+d in fuq. f'u~ inswarxt ie th~ uswt s~anlard Potic~? forn~ ~n • swM ~pp~ov~d by t1r MORiW?GEE. +rd windttwn~
1nt~x+ncr M ~M vawt aa++dard poi~c~r twn~ in s s~wn a~owd by tAe 11AORTG+IGEE: in wch comp~ny o~ companie~ a tA~ MORTGAGfE m+y
dir~ctt ~nd ~il ~~i~ and M~are~ inswar~ poiicws on aoy of ~id bu~W~np~, any ~nhns~ tMa:n w pKt thenof, in tl+~ p~eQaa aw~? ~fortWd or
in uu~a Nw+~of. sAili con~~in ttw vsu+l sa~+dard mort4apN ciws~ w iud? aiwr dws~ a tA~ Mo.N+?~+ ~^+Y rn+kin0 rM bss und~r a+id po1F
cia. ~acl? and ew~y. wy+b~ a ia;d :J1JF.'^RGEE a i~s in~erest m~y app~a?, and ~acA ~nd ewry such policy sh~ll b~ p.anp~y auAned snd d~liwred a
~ny h~M br ~id MpRfGAGEE a fwdw ~ecwiry ~o ~aid mortp~pe debt. and, ew bss ~h~+ qe? p0) day~ tn ~dvanc~ oi rh~ ~xpiraNa+ of Nch pol:ty, b da
liwr a wid MORiGItGEE s remwsl ~her~of. wps~ha with ~ nc~:p? (or tM prr~rwn af wch r~newalj and th~ sh~ll b~ r+o fa~ w wtnds~.x~ 4vuranq ~
pl~ad on ~y oi s+jd bvildinp~. ~ny hter~a~ tM~e~ a pwt thenof. unless in fora~'u~d wi~h th~ loss payabl~ as ~fores~W: and i~ th~ ~wnt ~nr sum
of nwn~y becaewa p~~r•bN w~da wd+ policy a paicws sa,d MORTGAGEf sMU Mv~ rh~ ~.~'an w r~eeiw and apply ~hs ~ on +ccawu o~ rM indeW~d
r~ss ~cw~d Iw~Oy or b permit ssid MpRTGAGORS w reuiw and uw it w any par~ :he•~f fa orhe. pwposes, w~~hout thaeb/ wai~i~y a a++pai.-
~^0 +^Y ~~b. IiN+ or righ~ ~ or bp virtw of tha ewrtp+pr, snd in ~M ~ven~ w:d MORTGI?GORS ~MII ta any nason t~il ro ka~ep rAe sa~d pr~mises ~o
inwnd o? fsii ro dtlivr~ P~~P~N +~Y of ~aid pol:ci~s of inswsnu~ to s~id MORTGAGEE. w f~~t pron~pdY b WY ~~b +~Y w«niurn ihe.efa a in anr
rKpect f~il b pe~fum, d~scha~ye, tx~cvt~ ~ffec~. compl~t~, comply vrith and ab;d~ by this covsn~nt, or ~ny put her~of, uid MORTGACiEE m+y plao~ aod . .
~eay fa wd~ Maw~na o~ ~nr part tMrwf wiflwut witvi~+p or ~fhe?irg +^Y optiorb U~nr pu~tY, a r:aht undN a by virn,~ of ~his Mortpa~. aod ~M
f~ll ~n10YR1 O~ lKI~ N1d tVNy lYCA ~Ny111~M fFNII b! 11M~ldiitfly d~N a11d p~y~bN ii1i~ iIM1I bfJ/ iRtl/fS1 ffOfh th~ d~t~ Merwt w?tii p~d at th~ at~ of ,
n~n. pK cenn~ p~. uewm u?d to~~he. witA wch interes~ sha11 b~ secv.ed by rtr li« ~ of this nw.tppe.
4. To p~rmil, aoau~dt or suffer eo waste. ~m~nt or deteriorstion of :sid propaty ar any pirt tMreof. ;
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S. To p~y ~II and sirgul~r ~he.ooits, dwrQes and e:psroea, inctudi~p a rea~orubl~ anore~y's fe~ snd oosts of ~buracts of titl~. incwr~ w p+id at
~ny trn~ by said MORTGAG:E, bsu~:s~ o~ in ~he ewnt of ~M fail~ce on tl+e psn of the aid MORTGAGOR a duy, r,.o~+pry a~d f„~h ~«m, d~x~.~g
execw~. ~ffecf. oompkt~. complv w~th snd ~b~d~ by ~ach ~nd every the itipulationa, prtsments. cond~tiom. ~nd oovrna~ts o! sa~d pra+dssuy non and tl?y
~9+W +^Y a s~~he.. ~nd sa~d costs. char~s and ~ape~es, ead~ ~nd ws.y. sMll b immed'utely dr~ and piyable: whether a na tM.~ b~ not~oi d?
mandn ~nempt w cdkct a wit p~od~np: and th~ fvll anww+t of aych and rnry wd~ wYme~t shall bai• interes~ from tM d~» tMreof vntil p~id a~ tht
rare of nieK per eentun~ per a.~rwen; and all said odsn. clwpes and e:peoaea incwred a paid, ropett+sf with wch interat, sl~atf b~ s~twed by th~ lien of t!w
RwrW~pa _
0, ih~t (aJ in th~ ewnf of ~ny br~ach of this 1Nortgsp~ or d~fwlt on t!r part of the MORTGAGOR, or (b) ie tM event ~y oi a~d suna of mo~ry ~
herein r~tard w be not Pra*P~b and fu!!y paid w~rh;n rh~rry (30) d•ys nex~ sfro. ~he sa~,+e sereraily becane due ar?d p~yaW~, withov~ dem~od a norice, ~
or W 4+ she ~wM esch and ewry th~ s~iput~tiw?+. s9.sM,ents. cond~tions snd cown~nn of sa~d p.eti,?issory nw~ and th~s matp~pe aey w eitha ar~ eal
iuly. prwnpdy ~nd fu11Y performsel, d;schuged, execv~ed, ~fFected. canpleted, compt~ed w;th a~d ab~ded by. then in e7ther a any sucb went tM uid ~
presate w~m meNiorwe! in ~id promissory note then rsm~iaieg w+pa~d. with inrerest ~cu~ed, and all moneys secured hereby. shall becom~ dw and WY-
abl~ forthwitk or thereafta. ~t the option of said INORTGAGEE. as fvlly ard compl~tely as if aq of the said swns of mwuy vrcn wipirwl~y stipvlated
ro be paid on wd~ daY. +ntrtFwg in ss;d pom;uory rwro or in thts to the conhary nawirhsundi
MortQ+pe ny: and therea•pon or tAereaFter N th~ option of
said 1NORTGAGEE, without not~c~ or demar~d, wit st !sw or in equity. tl+e~efwe a therc~after beywp m~y bs p.osecuted as if ~II mwwys saand hueby
Fsad mitWad p~~or fo ib irqtitution,
7. Tha~ in fhf event tkat at the begin?ing ot or st sny time pending aoy wiT ~pon lhis Mwtgage, o~ 1o forecbs~ it, w to refwm it, w to enforq
paYme~u of any da'uns herevnder. s~id MORTGAGEE sh~ll ~pply ro the Court luvirg ju~isd~ction the~eof for the appo~ntment of ~ Receiver. such Cai~t sh+il
Fwtliwith appoint a nceive~ of said mwt~~ed ptoper~y ~II u?d sirgvtar, includng alt and singular the ie~corn~ profits, issves and rerenues from wMttver
wuree derived, each and eve~y of vrh~ch, it bein~ cxpreuty unders~ood, is hereby mwtgaged as if specifically set fwth and deaaibed in tM ~u?ti~g and
nebend~wn d~uses heraaf. snd such Rec~iver shall have ail the bro+d and ef(ectivs funcrwns and powers in anyw;sa entrusted by ~ Cow~ b a Reeeiwr. and
wch appointmeet ~laall be rt~sde by wch Cow~ as in ~dm;tted equity and s m~tter of absoluts ri9ht ro s+id MORTGAGfE, and witAout refae~ae to tha ~
adequacy a in~deqwcy of tn~ v~lu~ ~f the propcrty mon9s9ed or to the sotvency a iRSOlrency of said MORTGAGOR or Yhi defendaab, a~d that wcl~
renr~, profits, tncorne. issues and revenues shall be applied by sud~ Rcoeiver xcad;rg a the l;en a squity of aaid MORTGAGEE and the pract~ of wch
i:owt.
8. To d~ly. pranptly ~nd fi,i~Y Perfwm. dxhu~e, execute, eHect, cwnpkte, con+plY with ar?d ~bide by sach and every ths stipulatans. ag~eernants.
cond'aioeu and ewren+nrs in ssid promissory not~ ~+d ~lus mortgsg~e set forth. ~
9 iMt in tM event the ownenhip of the +rar~9+0~ P?~~xs. a+nY P+rt thereof, becanes vested in a persoo other Nwn the MORTGAGOR, tl+~ S
MORTGAGEE, its wccesson and !
assgr+s. msY. wG~hout rai~ce ro the MORTGAOR, dcsl w~rF~ svch wccessw or successor in ineera~ w;tl? ?efercnce 1o th:s
ma~gaye ~u+d the deb~ he.eby secv.ed in the same manner u wirh AAw~g~gw w~~haw in ~ny way vitieri.g or d~sciwrgirg t1+e AAorryago.s• liab:liry here-
under w. ypon the debt hereby secwcd. No ssle of the premises he~cby mwt9aged ard no fwbeuance on the parf of ~he IWORTGAGEE a in waessoa
or augro and no exrer~sion of the time fw the psyment of the debt l~ueby senrred given by the MORTGAGEE or its sucoesson or ass;g~n, ,h~Il opaats ~
re releas~ discharye modify cA~nge a affect the original IisbiGty of the ARpRTGAGOR hereiry eithe~ in whole or in put. ;
l0. It b spcc~i:c~lly ag.ced that tM+e is of ~he esscnce of this coetuq and th~t no waiver of urj oblig~uon hereunder a of th~ obligatan se- ~
a:red hereby shsll at any time there~fter be held to be a waiver oE the terms hereof o~ of the instru~nent secwed herby.
11. In add~tion to the fc~ego:ng monrhlY payments of pri~c:p~l and interest requi~ed by the prom;ssory note secured hereby. ~nortgsgor covenants i
~ and agrxs to pay ro mortgagee with e+ch monthly paYment an sdd~rionsl sum est:ma~ed by mortgaflee ro be eq~al b 1/12 of the annwl cost of the fdlow- ~
ing:
A-IUI rcal properfy t~xes kvied d assessed against the above dcscribed resl estate_ ~
b-Premi-,wnt on fi%e ~nd windsrorm insuranoe as hercin requ:red to be ~s~ried on :he improvemer,n s;twte on rM above desa;bed premi~sa, ~
C-Premiwns on such mwt9age 9w~anty inswance as mortg~gee shall from t~me to time deem fit to cury on the bsn secured hereby.
Mwtgsqee shali fraA time ro t;me ~otify mortgagw en wr;ting of the ~wuot due and payabk herevnder ~nd :uch wm shall thereupon be du~ and ~
pay~bk on the due date of t6e mext monthty payment a'nd exh successive ma~th the?eafter ureil mortgagee stuH ratl{y mortgaqor of a change in such
amo~~i. Such sir.ns shall be applied by mwtgsgee toward the payment of real property taxes. insvrante prem:wns, and mwtg~ye gwrany inswance ~
prcmivm{.
IN WiTNESS WHER , the ssid MORiGAGOR 1+as hereunro set his hand and seal Ihe day ~nd year first aforeasid_ ~
,~~pd ive e in fhe presence of: ~
,~~~J
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, r~.ry ~
STATE OF FLORIDA ~ ,
ca,rm oF _ St. Lucie ~ .
~„e ~,a„u~,~„~ Jam e s L. Hous e
Le o ne S. o us e, n~ ,~,~f~, ~o ~~ii E~, ,~,a ~ ro~
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rhe ind'nidwls dew~bed in and who execvted rhe fw~g~irg instnxnenr, and acknowledged before me that they execwed rhe ssme fw the purposes
rherein upessed. J1n~ th~ si R
W~r~ ~t Jsmes L. use , ,~a a;...~. ;
e:~m'uutan by me ts4en s~psrate snd apsrl from her sa;e! husbsnd, ~clcnow{edged to tod before me that she execvted said inatrument freely and wlur~
ranly and w~rhout u~y comp~{s;on, coratratr?t, apprehens~, or fear of a from he~ sa;d husb~nd, ~7 ;
WRNESS my fWnd u~d officia( seal tI~ 1/ ~ a~ NOV er •/l. D. 19 61 ;
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Norary Pvbl' and for the Sfate of Florida af luye .
Rehrm'To: MY expwes` ~
~'~e FedK.~ s.~.~. a~~«W?~ . . .,;,~tsry P~. Stait o! : iari3.i ~i 1t+~i i
Of Fwt P~erce. ~
j: My G?m:oiss+~n E~rxs 6 19~1 `
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w.~ PK.u. Fia~a, ----,,h~:~:. , ~ . ~a~e~.~b__ w
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cILEO AND RECORDED' ~ G
7 LUCIE COUNTY. FIA. ; : Q ! ' ~
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~R~CORD VFRIFIEO ; ~ ` = -
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~61~$ ~ !r',; s.s ~
<`; ~
'6T NOV t 3 IW iu : 12 ~ ~
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F~OG~R i'OITR~S
CLERK CIRCUIT COURT a~1~ ~~Q~ r,
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