HomeMy WebLinkAbout0187 To pfaa snd oontinuously kt~p on fl+~ buisdirgs now a hKtafta ~itwN on sa~d la~d and on ~N pui~wMer ~nd q.sont,llp oovx~d by this mwt~
p~, v?itl~ dl premiw~ Nia+on p~~o in tvll, iw~ :nsw+~+n ~n ~h~ vswl sqndard po6cy ~~tn~, ~n a swh appr~rd br tM MORTGAGEE. and wi~dttore~
iiawanc~ be ~M vswl au,+d+.d Pd`cy fa~a, t~ • twn app.ov.d by th~ MORTGAGEE. 1~ wch company w caepani.s aa tM MORTCAGEE n~ay
dr~cti ~nd ~II f'r~ ~nd windslorm i~wano~ poGci~s on any ot sa~d buildcnp~, aey inte~~st the~a~ w p~t th~.~of, in tM eppre~ti ~w~? aforesii~ a
N asass ~heveof. sh+ll oonaln ~M vswl a+nda~d map+pN clavs~ a sud? alw d+w~ ~s the Mortp+~ e'uY +tq~+in` a++?in9 iM loss wd~ ~a:d
ci~, ~r,hh and ~w+~. W~aWe a s~id MORTGIGEE a its intKeu m+Y +PP~+~. and ~sch ~+d twry wch po~icy aMll b~ pramWly su:An~d ~.d d~Gwnd ~o '
~n~ Mid by s~W M~R?GAGEE ~s fur~ha setwiryr b~id morqap~ dcbt. +ed ow less than qe t1~ days in ~dvanc+~ of th~ ~apir~tian ot aci~ policy. ~o da i
liw~ b uid N10RTG/?GEE • ranfwal tlKnof, w~relw wirA ~ nceipt far 1he prenwwn of wd~ ~snewab and thu~ aMll b~ no fin a windiro~~ inswM+a
pl~ad on aehr of s+id buildinps, aMr inter~st therein w put tMrwf. vnles+ tn tM fwm'u~d wi+h tM lou ~yable as aforesaids snd ~n ~M ~wet any wn+
oi mon~y becarms p~yabh u!d~r wch policy w{rot'Ki~s
s~id MORiGAGEE shaN Mw tM op~an ro noe~w and app3y tM sw+» on ~ecows~ 01 tht w+d~b~~d
+MS~ ~Kw~d lMt~by a a pKmit sa~d JNORIGJIGORS w ne~iw and ut~ it a ~~y paet thereoi fa other ourpe~sea, wl~hout th~reb/ w:ivi.y a.npain
inp any pv~ty. I~ee~ or ripM w+der ot by virtv~ d this mortyp~t u+d in ~M ~van~ said MORTGAGORS sl?all fw ~ r~ason 4i1 b ketp tM aid p?uni~es io
inwred, or tdl b deliwr P?ornp~h ~np of ~aid pol+'ci~s of InswuKS ro s+id MORiGJ?GEE, w f~8 promptly ~o p~y fullp any pw~i.: r r'.+er~fw w in aMr
nsp~et f~il b pKfoc~ d~seharp~. ~:~cvq. ~fhet. eompl~q. eomplY wi?h and ~bid~ by this cownsm, or any part Aer~of, s~id MORTGAGEE eriay plae+ ~nd c
p+Y ta wd? imw~ a ae~y part thueof witAow w~lvinp or ~ff~ctinp ~np optior~, liu~, pviey, or ripht ~rr~ a by vi.~ut of this Mort~aoe. ~nd the ~
iv11 .r~w,n~ of .+d+ .M! sw.~r wch p.rm.m shaU b. ~mned~•tsly dw and p~yabl. .nd sMU beu i~+nr.p f.an ~M du. ~he.sof w?~il p~d M Nw rsa oi i
iw+r pM antwn p.c annum and toped~er wi~h such ints..sr sF?NI b. s.cw.d by N» ti.n of Uw morf9ayt. }
1, To pKmh, oomn+it or wfta eo wasty impairment a deq?ia~twn of sa7d F•ropsrty w ae?y Rart t1~e?r~
5. To paY all and sinpular th~.cost~, charp~s and s:pMS~a, iad~;dinp a reason~bk ~»wnay's f~e and c.u~t w~s„Kes of tUl~. innnred o~ paid ~t
any t&n~ by sa~d MGRTGAGfE. b~caus~ or in ~M ~wnt of th~ failwe on the part oi tM wid MORTGAGC-~ ~'v:3. Qrunpt'ry. and firliy ~fonn, d~scharg~,
ezscur~ ~ffsa. oompkt~, cwnply with u+d abid~ b~? ~ad~ and ~very the sHPut+tio~s. a9reeme^n. conclitioeu. a.-sd cow.-unts ot s+I~d promissory no» and thi~
mott~~ +oY a~ither, ~nd s~ld eost~. clw9ss and ~xperrss, sxh and wery. sh~ll b~ inrnadi~tely dw ~nd pav.s~rir, wheths~ w ~wt tt~er~ rw~ic6 ds
m~nd, ~mmp~ ro eo11M or wit pK~d'ug; and tM fvll aeww~t of sach aed ~very wch parmem ~h+ll bea? w:nrou f~an Ih~ datt therwf w?ril paid at the
~~~e of nie~ Per c~e+'twn PK +ti~w~t; and said odsu„ dy.pea a+d eYperws inarrred a piid, topNlwr with wuti ruKW. ~11 b~ s~cv~ed by th~ I+e~ of this
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a. Tlwt i~ the ewnt of any breach of this A\ortp~ w ckfavl~ on ti» put of tM MORiGAGOR, or (b) in th~ wait
hK~in nfind w b~ not pranptty ~rd fuly piid within t' (30) da nsxl after th~ s~me seve~au becwne due and N~ of mon~r ;
or W in fM ~w~l~ cxh ud ~Y Ys Y WY+bM. witfioW danwnd or notice.
wary ~M s~ipulatioro. +9re~.nena. condir;ons snd toveeanrs ol aa~e1 p.omisswy ea~ ~.d drs m«t~p! any a eit1+K ~rt no1 ;
~+h. W~iNb ar.d fu1M P~rfo?med. d~schuped, executed, effected. comPl~ted. complied wi~h and abwkd 3Y. thsn in atha a any suzh ~wnt tM said ~ ~
pre~» wrw ma?t~a~ad in said promiuory note then remaining unpa;d, with inter~sl ~caued. and all ma~eys secured hueby, shill becorrK dw and pay~
+bt~ fathw~Nw, o? thereafter, sf tl» opYan of said MORTGAGEE, u fvlly and complaely as if ~II af the ssid wms of mp~ey were orgi.wtty stiputated S
!o bc gaid cn svcle d~Y. ~+ry~h:rwf :n .a~ ~+.o.n;sso.y norr o: Dn this Mo?~gaoe w th~ ca?truv nawitMt~nd~np; ~~nd tfiareupon or thereafter at th~ optan of ;
aid MORTGJIGEE. witlw~t naK~ o. dert~snd, wh ~t lawr w in puity. tAl~lfW! Ot thltNftN begun. may be prosecvted u if all mo.wys secwed 1~eb~r !
hd matwld prWr a ib instifurion;
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7. TM~ in th~ ~vent rhat at the begimirg ot or s~ any rim~ pa,d'u,g aoy wif upon this AAo.fy~ge. w w forecios~ it, w to nfonn it, o~ to enforc~ i
paymer?~ oF sny da.rca he+ew+der. wid 1MlQRTGAGEE sMll apply to the Court hav;ng jw~sd~a3on ~hereoi fw tM ~ppantme~t of a R~ceiver. wch Court sMll
fonliwith appa~t a ~eceiwer of said mortpaged preperty all and sinput+r. iadudug all and s;ngvlar ths inc+ome pofits,"I~su~s and nwnues fran wl»~aver
so~re~ daivsd. ~ach wd every ot whith, i~ beinp ~aprcuy unders~ood. is hereby mo.igaged u~f spec~tiully set fw~h ~nd deur~bed in the q~anring and
MbMlI1M11 CIIYfli ~MflOf ind fYtll R!CliV!? iZyll FNV! ilI tIl! ~Jfqid a~ lffK.iV! fVfKtiGIS tnd POWHf 1f1 i11yWi1! Mf({I!1l~I bY ~ Court ro a Rece'wd, ~~d
+PPa^+~~ sM~1 b~ ++++de bY such Court u an ~dmined equity ~nd a rn~tra of absolute rgh~ w said MpRTGAGEE, ~nd without reference w th~
•deqvxy a in~deqwcy of the wlve of the pope~ty merrya9ed a 1o the so~vency o~ insolvency of said I1IipRTGAGOR a the defendams, and that such
rents, profits, incaee, iuues snd revenucs shi0 b~ applied by svch Receiver aaord~ ro t1~e Sien a tqviry of said MORTGAGEE and ths practic~ of wch
Courf. ~
8. To d~ly. pranptly and fv1~Y Per~om~. d'iacha?gs, e:ccvte, effed. co^iPkfe. oomplY with ~nd ~bids by eath snd every tia stipulatioas„ sgreemeNS.
cond'aioro ~nd covenan» ~n said promissory noh and rlw mortgsge ut iwrh.
9 TMt in the event the ownerslrp of ths mo~t9aped p.-em:ses. w any puf thereof, becwnes vested in ~ prrson othc? thsn the MORTGAGOR, th~
MORTGAGEE, its wccesson ~nd ~ugro, may, v~ri~hout notice to tha MORiGAOR, deal with such successor a wccessa in ;ntcrest w;th .eierence to ehis
~9+9e ~~~~Y secvred in the same manne~ as with Mortgagw wAhow in ~ny way vit~arirg a dischugi~g the Mortpagors' liabelity hera
under or ~rpa~ rhe debt F~e.eby secv~ed. No s~le of IFK premisea hercby mwtgsged ~d'-'no forbea~ance on the put of the MpRTGAGEE a ih successors
or ~sigro and no exrension of rhe time for the payment of the deb~ hereby secvred 9iven by ~he /y1pRTGAGEE a in wccessoro or suy% afxtl operaq
~s release, d:~dwrye, modify chsnge a affetl tF~e originil I;abii;ty of ~he MORiGAGOR hereiry either in whole or in puf, ~
10. U b spedfically agreed that time a of the essence of this contrsct and that eo waiver of any oblgaYan he~eunder o~ of ths obligation se-
aured her~by sMll at any time there~fter bc he{d ~ ro be a waiver of the terms hereof oi of the ic?strument se~vred herby. '
. 11. In ~dd'nion w the fwego:ng moothly payrcenb of prirsc'p~l ~nd interest •equired by the promissory rote tecured I+ereby. it~ortgsgor covenanty
. ard agaees ro pay ro mostgagee witF~ esch monthly psyment a~ sdd~rion~! sum esGmsted by mortpagee ro be equsl to 1/12 of the annwl cost of the follow-
~^9=
A-All ~esl prope.ty ~axes kv:ed a ~ssessed againat fi,e above described real esbte. t
d-Premiums on fire and windstorm insuru+ce as herein requ:red to be urried on tha im~oveme.~ts sitvste on ihe abovc despibed p~em;ses, I
C-Premiums on such mortgsye gwrany inswar~ce as mortgagee shsll fran t~me to time deem fit to csrry on the losn secured hereby, ~
Mortg~gee s1uU frdrt time to tim.e nptify mortgagor in writirg of the amoum due and psysbk he.curder ind such wm shall thereupon be due and ~
payable on the due da~e of ~he next monfhly payment and each successiw month thereafter unril n~wigagce shal! not;fy mortgagor of a cha.ge m such
xno~nt. Such sums shall be applied b~ mortgsgee toward the payment of real propaty taxes, ir~svnnce prem:ums, and mort
gage gvarsny Grnvrance
P~~ .
IN WITt~! id MORTGAGOR hss hereunto ser his hand and seai tF~e y, ear fint af "esaid.
1he pesenu of:
~ n
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n-:~
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STATE Gf RORIDA ~
St. Lucie ~
counm oF
. e~f«. n» ~.,~»!h ,~.,.~a _rp Q Q e W. ~artex .~a
S a 1 lv W_ P ort e r hia wa~, ro me wel~ kr~own ,~a know„ !o to b.
th~ irK6vidwts desuibed ln and vrho executed the foreyoing instnernent, r~d adcrawledged befwe me th~t they executed the wrw ior the purpoaea i
~he.ein .zp.~,ka. N,a d„ S a 11 v W. P o r t e r ~
,~,~r. o~ sse W Porter ~
c!~t..~ ~!F %sep~.,.re .nd p.:r,t~ ~
exam7natan bp me taken sepa~ate and apart from F+er sa~d husba~d, adcrwMrledged w+nd before me that she executed iaid igstnwa~n~ heely and volwr ~
tuily and vritl~ut aror compulsion, caut~a~nt, aPWehens+on, or fear of er from har ssid 1wsb~nd. ;i . ~
WITNESS my lrnd ~nd offiwl seat thi: Di~~ day of '
' _ ~ ~~•1Y.-a9~ ~
~ ~
_ C'^ •
tary Public im ~nd for thJt ~L~j it~ ~r~ G_ i
Retwn To: ~MY Comm~ssion ucpirea . " - j ' =
R ± 3 ~ 'r,.
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F~a ~a~ s.~ a e,o.~, ~«Nra~, MOTM? MtU •
~y~; L4 ~
Of Fo.e Pterce. MY COMMISSIOTtI EXpIRES~
Fort Pierce. Flwid~ CK~~~~~9)1
,Q'! ~rllNOSSr
fILEO AND R~~QRD~D •~NOto 1MROUaN ~R~o
ST, L.UCtE COUNTY. FLA. % ;
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16i64~ ~
-'67 t~OV 13 AM i0: 12 - ~
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CLEFteC CIRCUIT COURT gppK1~9 PACE ~
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