HomeMy WebLinkAbout1191 . ri t u~d cowr~d OY tl+t~ nar~ ~
To pl~n ard contuk~ovslY kNP on ~M bvildinpt now w M.e+tre? utwt~ on a~d land ~d on a eqviprnee PKw^+~h ~
p~, with ~U pnmiw~A ~hsrwn pa~d in fu11, /u~ insuranc~ ~n the viwl s~a~dard po~~cy fain, ~n a sum approwd by th~ MORiGAGEE. a+id windtwrm ~
iniwanc~ in rM vswt s~andard pol~cy fonn, in • su.n ap~xovsd by ~M MORTGAGEE; in such company a canp+nie~ a~M MORTGAGEE m+y
dind~ N+d all iL~ uid w:ndsa.m iniwano~ Policies on ~ny ot said b~itd~„ ~ny intKnt tM.~in o~ part ehKwi, iis th~ p~p~t~ w~n ~forss+id w
tn txcess ths.wf. shall cont~in iM vw+l iandxd mony+qK daus~ w~ud~ aM~ cl,~vs~ ~t tlw Ma?pa~s~ maY r1+~ Ioss wd~ sa~d poli~
cia. rxh and ~vKy. P+YaW~ a s+id MORTGAGEE as in in~e~a~ nwy appa+?. and exA and evaY s~ch Policy ihall b~ pro~*Ptly us•yned u~d detiverd to
•ny h.ld by s+~d MORiGAGfE a tw~hs. secv~ity eo said mor~,~+p. dsb?. +nd. ~w I~u tMn t~n (10) d~yt in ~dvu+c~ of ~M ~~s~tion of ~ach polic% w dr
liva a s+id MORTGAGEE a n.~swal therwf, top~:iwr wi~h •~ecapt for tM p~iwn of wch r~w~lr u+d ther~ sh~ll b~ no fw~ a v~uds~onn i~suru?a
pt~pd on any of said build~np~. u~y intK~st the?~in a pu1 ~hKwf. w+l~s~ i~ th~ iwin'~nd with ~M loss paYabk as ~fa~said: and in tM ~wnt any ~wn ;
of mon~y becomss WYaW~ ~^dK wch Pd'~Y a P°~'~'K i+'d M~RTGAGEE shall h~w tM option ro receiw and apply the s~me on accowH o~ tM ind~bted- ~
ne?~ ~yr~d hu~py o~ w permit s+id INORTGAGORS to receiw ~nd us~ it a u~y pa.t tAcreof (a onc~r pwposcs, wiihou~ tANEb/ waivi~.p a wnpa'a-
inp anY p~~ty. liae or ri9ht wider or by virhn of this rno:r~~: u~d en tM tve~t saw! MORTGAGORS sh~ll fw ~ny rtason i~il to keep tht said pr~enises io
inwred, w f~il w del~ve? promptlY ar?y of said polKies of ieuunnu ro s+id MORTGAGEE, a f~il pranptfy w paY ~Ity ~ny premiwn thsrefw or in ~nr
ns~+ect fail a pafaeti d'nchu~e. ~:ecvt~. ~ffect. compl~~~. oon+P~Y wirh ~nd abid~ by this covMant, o. any pan he~eof, said MORiGAGEE may plac~ u+d
P+Y (a such imwanc~ or ~ny put tlweof w~tho~t walvinp a~ff~ctinp ~n1? oM~on, ~ien. ~4u~h?. or rght wde~ or by vi.tw of this Atw~~+p~. ~nd tM
full ~et of escA and ~wry wch WYm~+u sh+tl 1» im~nediately dw and pyabb ~nd sh~ll bear interes~ ~rom tM dat~ thc~eof un~il paid M ti+~ ran of
nin~ pa caethKn pa anwe? u~d together with wcA interest shall b~ secwed by th~ lis~ of this mort9~. ~ ~
1. To permit, oomn3t w suffN no wut~, imp~irment or deteria~Yan of said propMty w~r p~rt tlweoi•
S.• To pay alI snd sinpula~ ths tosts. tharpet ~nd expenses, intlwGrg a rtasoewbte +ttorne~r's fe~ and wsts of ab~~~ctt oF title. incvrred w p~id at ~
sny time by said MORiGAGEE, becavs~ ot in the ~vem of tM F~~Iwe on th~ put oF th~ s~id 1MORTGAGOR a duly, promptly uid fvlly pKfonn, d~uMrgR
execv», ~ffed, canpkt~ oanply w~th°and ab+de by ~acA uid every the stipulations, agreerne~rs. conditions, ~nd ooveoants of ssid p~anissory no~~ and tha
mortgap~ u+y or eitha. u~d sa~d costs. d~u~es and ~:pense~, escl+ a~d every. ihall be inunediatdy dw and p~yable: whetlse~ a no~ tMr~ b~ nwioe ds~
mu~d, ~ttempl w co11M a wit pend'ng: and th~ full ~moont o( exh and avery uKh p~ym~nt sF:all bear inter~s~ fran the dab tharaof until p~id +t the
rate of nin~ per centum pat airx+m; +nd all said c6stw chugei and expenses incwred w p+id. ~op~tFw w~th suth intt~~st, ~MII b~ ascwed by tM li~e~ of tnn ~
maty+pa
0, ih~t W i~ the evem of ~ny breach of this nAortyspe w default on 1Fr put of ths 1NORTGAGOR. w(b) in tht ~vent uiy of said swns of ma+ey j
fierdn r~ferred to be not prompny ud fuly psid werhin tlwty (30) days nea~ ai~a ~he san+e se~eral!y become due uw! payabl~. without da+~and w notice,
or W in tht event e~ch ~nd every the ~tipulstions. preernenb, condi~ions and coven~nb oi s~~d pranissorY not~ snd tlw mqro~pe +nY w e~ther u~ no1
iuly, promptly and fulty performsd, d~schar~ed, executed, effected, compktcd, compGcd w~th snd sbided ~iy, then in e~ther a any s~ch went tM s+id a~
pre~M wrn mer~taned in sa~d promiuwy ~wM then remai~ing vnpaid, with in~ersst acuued, and all moneys secwed hereby. thatl becorn~ dw ud p+y~
abls fathwith, M 1F1lfNNN, st the oprion ot said MORiGAGEE, u fully and completely as if all of the ss~d wms of maKy were or~p~n+~h s~~pulated
to be pa~d on such d~y. anythinp in s~;d prom~sswy note a in thn Nort9a4e to the conaary notw~~hstanding: ~nd thcreupon a thereafre~ a~ rM op~an of
sa~d 1MORTGAGEE, witk:;st ~o~ke w demand, wit at law w in equ~ty, therefwe or thcreafter begun, maY be prosecuted a~ if dl ma~eys secured hereby
had nNtwed prwr ~o ib insGtution.
7. That in ths event that ~t the beginning of or at sny tim~ pendng aoy wit upon ~his Mw~gsge, o~ w fweclos~ it, or to refwm it, a to enfwe~
paymsnt of any daims here~nde.. sa~d MORTGAGEE shall apply ro tl+e Cou.t hav~ng jw~sd:cuon ~he.eof fa the appo~n~ment of ~~eceiver. such Cou~t sh~ll +
fatliwirh sppant s reteiver of said mortg~ged property all u~d siingvl~r, includ+ng ~II and s~ngu~u ~he incane, prof~ts, iswes and reve~ves fran wMtever '
sowct derived, esc1~ and every of wh~ch, it beirg eapressly w~derstood, is l+ereby mw~gaged u if spec~fically set fa~h and described in tM ~a~~inp aed
habencl~+in cla~ses hereof, snd such Receiver shall Mve all the brwd ~e+d effective fw+cnor?s and powers in inywix entrusted by • Covn ro• Receive., and
s~,ch ~ppointment ihall be made by such Cowt u ~n ~dn+itted equity and ~ m~ttcr of absolute rgM to said MORTGAGEE, and withovl reference b the
•drquacy a i~+adequxy of ~he wlw of the properry mat9~ged w to ~he sowency or insdvency of said MORTGAGOR a the de.`endann, and that svcl~
rems, profin, income, iuues and rwenues shall be spplied ~y svch Receive. acc«d~ny to ?he lien w equity o( s~id MORTGAGEE and the prxtice of wch
Caut.
8. To duly. promptly and ful`~ pe?form, d'acharge. execute, effect. complete. complY with ~nd sbide by esch ant! every the st~pubtions, sgreements.
conditions and covenants ~n said promissory nore and ~h~s mortgage xt forth.
9. ihat in the event the ownership of the matg~ged premises. or sny put thereof, becanes vested in ~ persors other tMn the MORTGAGOR, the
tAORTGAGEE, ib wcceuon and assigns, may, M•ithout notite to the MORTGAOR, deat wi~h such wcceuw a svcussor in interesr ~vith re(creoce to this
mw~gag~ ~nd the debt hereby secured in the ssme mame~ ~s with Mortgsgw w~thout in a~y wsy vitiating or d~schug'~ng the Mwt9agws' liabili~y hera
~ undcr a upon the deb~ he~eby secvred. No sak of ~he premiscs haeby mwtg~ged and oo forbearance on fhs psn of the MORiGAGEE w irs successon
w~ssig~u snd no extcns~on of rhe time fw the paymem of the dcbt hereby secured given by the MORTGAGEE or its succeuon a assg% sh~Il opuate
ro rdease, ducMr9e, modify ch~ege o~ affect the origa+al liab~fty of ~he MORTGAGOR herein, either in whole or in part.
10. U is spedfKally a~reed thst time is of the essence of th:s co~tract and th~t eo waive~ of sny obligstan hereunder or oi the ob:iy~tion sr
' cured hereby si~alt at any trne thereafter be held td be a w+iver of the terms hereof a of the irohument secu.ed he~by.-
I1. In add;~~or~ ro the fwego-rg mon~hlY payments of p~in~ p~l ~nd interest requ~red by ~he prom~ssory note secured hcreby, matgagar covensnts
, and sgrees ro pay to mortgagee with each monthlY paYment an add~eion~l sum estimated by mortgagee to be equal to 1/12 of the amwl cost of the fol{ow-
'ng:
A-All ~eal ptoperty ta:es kvied ot assessed against the above desuibed real estate.
B-Premiums oo fire u~d wirdstwm iowrance as herein requ:red to be ca.ried on the improvemeari sitvate on the above desuibed premises.
C-Premiums on wch mort9sge 9wranry inwrance ~s mwtg~gee ahall iran rime ro time ekem f:r ro carry on ~he bsn secured hereby.
NLottq~gee sha0 from time to time notify mortgagor in writing of fMe a~nount due and payable F~ereunder and such wm sha0 therevpon be due a~d
` payable on the due date of ~he ne:t monfhly payment and each successive month therc~fter ur.til mortgagee shall ratify rnatgagor of a chsnge in wch
~ amo~x~r. Such sums shall be apptied by mo~tgagee loward the payment of real property taxes, insuru~ce prem:ums, and mort9age 9uarany insurance
praniwns.
~ IN WITNE55 1NHEREOF, the ' MORTGAGOR has hereunto set his h~nd ~nd seal the day and yesr fint aforesaid
led 1'iver m esence of: -
~
_ ~
6wa~
STATE OF FLORIDA 1
~W~ ~ St _ Lucie i ~
defore me persorwlly appes?ed Henry Warren Smi th ,~a
F.l 4 i A R~ Smi th h;s w;fe, to me well known ~nd known to me to be
tht individwb desuibed in and who e:etuted tF~e fotegang irstrument, and stkrawtedged before me that they executed the same fw the purposd
r~,~;,, e,~,~~a, ~„d tn~ Elsie B. Smith
~;i. ~ ti,. Henrv Warren Smi th ,,~,.,te ,~,a P,;,,,a
e:amin~twn by me tsken uparate snd ap~rt from her said husba , xknovvledged to and befue me that she executed ssid irotrwn~nt freely and volui?
rariy and w~thout ~rpr comp~r~s'an, constraint, app.che of w from her ss7d husband. .
WITNESS my h~nd ~od offici~l sesl thi~ day oi A D. 19~
~ ,~j
Q'.
Naary Publ'~c in and for the Sta o flwida a1 lupe
aehrm t« My eommiss~«, ~xq.a: ,v s y - >
F~, a ~ RECOROE~ stac~ ~s ~.~:se . - ~ ~
FILED AN~ TY. FLA. Nolary ~ Ncr. 3, 1969;:=~ ~ ~
Of Fo?t P~erce. VN a~ EXpj; ~ ti• E
Fort Fierca Flaida rj~• t-UC~ ~ O F Ft~ ~ S E ~ My~
~r ~,a,, Fw. s cr..+i Lr._ ~ i
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C '1 p~ ~ ~ ' ~ ~ . . ~ f r' . _ .
~T DE 1s2~~,~, - . .
- F~ ~~:.s _-.v . ,
:;~3:;._ • C01lFtT •
CI.ERK CIRCUIT :
~ a~x169 ~~E1179 : _ ~
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