HomeMy WebLinkAbout0858 To plan antf contiewovsN ks+P on ~h~ buildinps now t~ hsr~~ttN s~twN o~ s~id land a+d on sl: puipn~e?t ~nd p~~sona~h cov~ed by this n+aq~ i
p~, wirh ~II pnn?iwA ~Mxwn p~:d in full, iK~ ins~~u+c~ ~n N+~ uwal sarJNJ pol~cy fam. jn ~ suM ~pp~owd bt? tM MORtW?GEE. ~nd windita~n
&aurM?a In ~M vwai uanda~d pol~cy fw~n, In ~ sum ~pp.ov~d by rM MORTGI?GEE. W+ s~cA ~omP+^1r cr ca~V+^~s +s t!K MORTGAGEE auy
dinctl and aq fin and windiwrm 'w?swanc~ PdicMS on ~ny of said buildiepa, sey in~+rat ~M.~a? or psrt t1+Kwf. h tM pq?w+t~ uww ~fa~~aid a
In ~xc~a ther~of. ~MII conrain tM uwal sru~d~rd mor~~spse claus~ o? tivch WI»~ dwH as tM MortpapN m~Y nq~:n• maWq tM iws w.dK said poi~
cia. ~ach ~nd werri WYab1~ a said MORTGAGEE ~s its intKast may ~ppNr. ~+d sacfi and evNY svch Poticy il+all b~ ~omPtly aa:ynsd and d~1~vK~d w
.~y MW by ~ad MORtGwGEE u tw~ha •ecw?~y w s+~d mor~~ap• d~b~. snd. not Isu ~Mn tM 1101 days io advanc~ of th~ ~xptr~tar. of ~ach po~icY. ~o d~
I~wr b aid MORTGAGEE ~ ren~w~ thcrwi, w~aMr wirh ~ rwript fa tAe p.«nwm of wch r~newalj u+d ~ht« sh+ll bi ew fin a wind~wrm in~wu~c~
plaoed ew~ ~ny ~f s+id b~ildinps. ~nY in~aat tMr~:n or put tl+Kwf, unl~ss in ~M fonn'~+d with tM bu paYaW~ ~s afw~s+ld: ~+d in ~ve~t any ~uen
of mw»y becan~s p+y~bl~ wKla wch polky w pol:ci~s said MORTGAGEE sMll Mv~ th~ opt~on ro rsor~w and +pply tM san+e on acoa?m o1 th~ ind~bted~
neu ucvnd hsrtbr or a petmi~ ssid MORTGAGORS ro rsceiw and ~ it or ~ny put thereof fw orher purposes, wi~hout tF~t~e6/ waivi~y a~paa-
~ng anY pv;~y. iNn ot riq~t under or by virtw of tlys mortpa~~s +~d in tM ~vent s~id MORTGIlGORS tA+U fw any resson iail Io ks~p tM said pra:+issa so
insw~d, w fail b deliver pranptlY any of said polKas of intwa+c~ b a!d MORTGAGfE, a(ai! promptly to pay futly ~ny prsmiwn tM~efo~ a ie~ ~rhr
r~sp~ct f~il b pNfan~ dixha~~e. exea+t~. tff~et. compbt~. oon~ply wi~h ~nd ~bieM by this covena~t. a any pu~ hKwf, s~id MORTGAGEE msy plx~ ~nd
WY fa wd~ iiaw~nc~ w any p~rt ~he.eof wirhout walvinp a aff~cti^? +np eWfon. ~ien. equ~h?. or rqh~ wd~~ or by virtw of tMs Mat~sp~. and the
full anou~t of each and ev+?Y ~ WY~~ sMll b~ ~mmediately dw and qyabb and sha~l be~r interest han ~M d~ro thenof vmil p~id a~ r1?~ ra~~ oi
nirn pa qnhan p~? anrw~n and togethe~ with si;th interest shall b~ sac~~d by tFw IiM of th~s mort~ape.
1. To pwnJt, comnut a wffa oo wut~, impaKmeel w deteriw+tan of said propE+ty w~ny P+rt ther~of.
S. To pay ~11 u~d sinpular tha.costs, chuyea +nd expenses, includinp a reason+bl~ anwney
s fe~ snd owts of ~Sn~cts of titl~. incvned or p+id
anY ti:nt by said MORTGAGEE, bec+us~ a in t!r svsnt of t!a failwe on tlK p+n d the aid 1NORTGAGOR to duh. pranWb and f~lly p~.fwm, dxM.g~
s:ecut~. effed. oompls?~. comPhl wi~h s~+d ab~d~ bp ~ach u~d every the si~pula~ions. +yreernents. cond~t~oro. ~nd eewn~nn of said promis+wy not~ and ~hi~
nwrty~p~ an~r a~i~her. and s+~d cos?a. chu~ and eapares. eacti ~nd every, sMlt b~ inwnediately dw u~d paY+bk; whetha a not thsre b~ no~ici ds~
msnd, attsmpt w colkct or wit pendny; u~d tM f~Il ~maret of sach ~d ewry wch p+Ym~^t sh~lt bea. a~terest trwn tl» datt thereof until paid a~ tht
r~te of nirw pe~ tentum pp uuw~n; +~d +11 said cSsts chuges and exper?ses incwred or pa:d, IogNMr wilh svtA intetat, shsll M s~cw~d by tM IiM of thw
^ar~pp~• .
0. i}~t (aI in tM went of any bre+ch of this Nbrtgsp~ or def~ult on tl+~ put of tAe MORTGAGOR, or lb) in the event ~ny of s+~d sw~a of moeKy ,
l,enin r~fened ro be no~ promp~y and (uly p+id wirhin th;rty (30) days f~t7t1 iftN tIN Sin1t StVHally bltp}1! ~J! a~ ~y~M. without demand o~ noNce. ~
or in tM ewnt each ~nd ~very the st~pulatiw?~„ sgreem~nts, cond~~io~s ~nd coven+nn of sa~d prom~sso?y rate ~+d th~s mwt9sp~ +rqr a eithe~ ut o01
iuly. pranRtly a+d fully perfumd, d~scharged. executed, ~ffected. compkted. canplied w+th and ab~dcd ~iy. thsn in ei~F~ or any :uch ~wnt th~ uid a¢
preq+t~ wm ma?ia~rd in s~id prom~ssory rate thea ~em+ini^p unp+id. with inurost xuued. and all ma~eys secv~ed Ixreby. sMtl becwn~ dw ~nd WY~
able forthwirh, a thereafter. at the oprion of said MORiGAGEE. ws f~lly ard co~k~ely as if ~II of the said swns more~y were origin~lly sGpulated
fo Ee p~id on wch day. +nyfhing in said p~omiuory note w ie this Mwt9~ge to the contruy notwi~hsta~di~y: a~v! thereiipon w thtr~after at tM op~an of
iaid MORTGAGEE. without notice w dem~nd s~it ~t I~wr w in equiy. theretwe or tFxreafter begw+, msY be prosecuted as if all ma~eys sscvred hersby
hzd n+uwed p`ar ro in instirur~a+.
7. TMt In tht eve~t rhat st tM begimirg of w ~t any time penfiirg soy wit upon this Mortg+ga, w to fo~ecles~ i1, or to ~efo?m it, w ro enfap
payment of u~y clsims he+ew~der, said MORTGaGEE sha11 appty ro rhe Cwn having jur~sd~ia+ ~hereot i« ~he appo~+rment of a Reccivcr, wch Cowt sF~all
fwtliwith ~ppoint s receive~ of said mwt9~ged property ail ~nd sirgular. i~clud~ng ~U ~nd sinqul~r the income. p.o(its, issues and revanves from whatever
sowce derived, each and e~ery of which, it be:np expreuly unders~~od. is hereby mor~gaged ss if specifiully set (a~h ~nd desvibed in the granring snd
habend~Nn cJsvses hereof, snd such Receivr. sh+l: h~ve ~II the broad and effective funct~ons and powers in anywise eMrvsted by a Coun +o • Receiver. and
wch sppointment iha11 be rrw~de by wch Caxt as an sdrnirted equity and + miue? of absolute right to said MORTGAGEE, and withouf reference a ths
adequscy a in~deqwcy of the v~lw of tM pr'ope~ty rnwfg~ged or to the sohrency or insdvcncy o( sa~d MORiGAGOR w the defendants, and that such ~
reros, profln, incoine, issues and rwenves sMll be +pplied by such Receive. xcadinp to tht lien w equity of said MORTGAGEE and the practice of wch
Covrt.
8. To duly, ww~wrh ~+d t~iy ae~ro.~+. ~++.g., execute, effect, compkte, comply w~th and abide by each and every the stip~latio~s, ~eements,
cond;tions and ~w??en+nn in said promissory note u+d this mortyage set forth.
9. Th~t in the eveM the ownerihip of the mort9aged premises. or ury put thercof, becomes wsted in a person o~her than the MORTGAGOR, tM i
MORTGAGEE, its successon and au~gns, m+y, wifhou~ roiice to ~he MORTGAOR, desl with such wccessor a uxusaor in intcres~ wi~h retereace ro this ~
morrg~ye and the debl hereby sec~red in the same marner as with Mwtgagor withoW in any way vitiating a dixharging the Mortg+gon' li~bility hero- ~
under or vpon the debt hereby xcwed. No sale of the premises hereby mortgayed snd no forbear~nce on Pne put of the MORTGAGEE or its successon
a au:g~u ud no eatension of the time for the payrrum of the debt hersby secured given by the MORTGAGEE w its succeswrs a~ assig~s, sfia~i operate
ro rekase, dix!»r~e, modify charge or affett the wiginal Iiab+Gry of the MORTGAGOR hereu~, either in whole a in put.
10. It is specifically agreed that time is of the esscnce of this comnct and tl~at no w+iver oi any obligat~on hereunder a of th~ obtigaYan se-
a.red hereby sMll at any time thae~fter be heW to be a waiver of the te~ms hercof w of the instrument secv~ed herby.
11. In add~tion ro the fwego-ng monthlY payments of print:P)1 snd inre.es~ required b/ fhe p.omiuory nore secvred hereby, mortgsgor coven~nts
, and sgrees to pay to mortgagee wifh esch mcn~hlY paYment an add~rional sum estimsled by mortgagee 1o be equal to 1/12 of tlx ~nnu~l cos? of the follow-
ing:
A-All real prope~ry uxes kried a+ssessed alainst tFK above desc~ibed resl estate.
B-Premiums on fire and windstorm irour~nce as hcrein requ~red to be urried on the improvemtnls sitwte on tf~e above drstribed premises.
C-ire~rums on s4ch mortyage guusnty inwrance u mwtgsgce shall from t~me to t4me deem fif to carry on the ban sen?red hereby.
Mortgagee shall from time ro tirne notify mortgagor in writing of the amaunt due and payable hereunder and such sum shall thereupon be dve and
paysble on the due date of ~he ne:t monthly payment and exh successive month thereafrer ur.til mutgsgee ahall notify mortgago~ of a charge in such
amo~xN. Such sums shafl be applied by mortgayee toward the payment of real property tsxes, insursnce premiums. and mwtgage guuanry inwrance I
;
praniums.
IN TN W F, said MORTGAGOft has hereunto sst his hsnd xd seal the day snd yeu fint aforasaid.
•d .a ed in tM presence of:
n
. ~
~ ~ o
" ~ ` n
STATE OP FIORIDA ~
Saint Lucie
courmr oF .
Bef«e me p~rson+lly appeued TOa K. RuSSeIl
Marie Y. itLiSS@ll his wife, to me well known snd known to me t~ M i
t:x ind'rvidwb described in and who axccuted th~ fw~goug ~ps~n
t, and acknowledged before me that they executed the same for the purposes
therein expressed. Md tM ss' ~I1@ Y. K11SS@11
wi?e ot tM wfd TOm K. RuSSel trpw, a separ~te and pr'w~r~
examin~t~on b~r me taken scparate and apart from her said hvsband ~ckrwwkdged to and befwe m~ tMt she executed said irotrwnent freety and volwr
urily and withovt ar~y wmp~rlsion, cantrain*, ~pprehau~or?, or ~of or from her said husbsnd. _
WITNESS my hand and offi6al seal thi+ day of A. D. 19~
~ Notary Public in and for tl~e S te f Fbrida ~t Larye
My Co+nmission e~cpires:
Return T6:
First Fedew) Ssvings i loan Assaciation • . `
of Fo.r v~~.«. Notarll Pu~iic, Slate ~I Flori~a zt large ;
Fort Pie~ce. fbrida ~Y `r
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FlI.E~ ANa RECORDED' : ~
S7. LUCIE CdUNTY. Fl-~?• Ct
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RECORD V~RIFIE~~,~~ss = :=r~ : _ -
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