HomeMy WebLinkAbout1195 To plx~ ~nd ca+tirnrously kssp on U» Iwildinys now or h~.eat~m wrwh on sa~d land and on alt equipn~m and p~nonally cvwnd by this n~xp~ ~
K1~, with sll pr~mivaA Iher~on p~~d in full, ('v~ ii+iuanu io th~ aswl s~ardard polity forn~, ~n • sun+ ~pp~owd by tM NWRiGAGEE. ~nd w~ndttorn~ ~
inswaec~ in Nw uwt~ uandatd pot~cy (ae~, in a swn approved Dy 1M MORTGJIGEE; in wcA compaey o~ canp~ni~s ~s tl+~ MORTGAGEE n~+y
d~~~ctj snd dt fw~ :nd w~ndiro.m iniwa+a policiK on anr of s~~d build~g~, any h~~u tMr~in or pa.t tFw.~o1. in ~M ~qrepa~~ wT ~taes~td or
M~xeess ~her~of, shall ca?t~in tM usual standud morepa~ elaus~ w weh a1~ elauss a tM Mort9ays~ enay ~puw~ malinp th~ bu undn sa~d po1F
ctea. ~acl~ ~nd ~wry. P+Yabte lo taid MORTGAGEE at in intKeN maY ~AP~+~. aed eacA and ~very wci+ policy ~hall b~ pranpur us:petd and dslive~sd to
any Mld by said MORTGAGEE u fwthe~ ttcv~iry to u~d mort~~e deW. ~nd ~w1 I~u tksn bn (101 dari +dvanc~ of tht ~:pir~tion of eacA policy, to dr
I~ver to iaid MO~tTGAGEE a r~newal ther~oi. to~tlwr w;fA a rec~ip~ tor rM p-~eniwn o1 wch ~en~walj u~d ~hK~ tMll b~ no fin a winda~ane inswanc~
plac~d on ~nr of said buildinpa, any int~rest thsrein or pue thtreof, ~nltu in 1Ae fomi u~d with tM bu p+Yable ~s ~forts~~dr +~d in tM ~wnt any wen
of nwn~y b,xana pay~ble w~w~ wch policy w pot~cies s~~d MORiGllGff shall haw ths opr~on to rsceiw and appy th~ wn~ on ~ccount o1 tM ind~t a+}~
~~eu ascw~d M+tby w 1o petmit said MORTG/?!'aORS to reoeiv~ a~d ut~ it w ~ey put thc.eof fw ofhc~ pu~poses, w~~hout tha~ebr waivi~+~ w anpair•
~^9 +~Y ~~b. li~n w righl w~de~ w by virtv~ of this eno:tya~e: .nd in H+c •vem a~d MORiGl1GOR5 shaH fw sny nawn faU ro ke•p ~h~ u;d p.em,ses w ,1
insured, ot fai! b deliver pompqy ~ny oi said policits of inswv~tt to s+id MORTGAGEE. « ra~~ P.o~?pry ro wy fullr ~ny pran;ufn thersfo~ or in ~r?~ i
reipect (ail b pufocnb diichug~. extcvt~. ~ff~cl. canpl~t~. comply with and +b~d~ by Nrs cownae?t, or ~ny part hKwf, sa~d MORTGAGEE may plac~ ~nd ;
WY fa such inswanc~ a ~ny put tlwreof wirlwut wahinp or affec?S^C +^Y aW~ ~Nn, puity, w igh~ w~dN or by vihw o( tl+it Mat9ape. u~d the i
full amount of ~ach and every wci~ p~yment shall b~ immedi~aly dw ~nd pay~e and ihall Eea~ inta~st fran the daq ther~of until paid a~ riN n» ol ~
n~n~ p~ c~mwn pN amvm and to~ether with such interest sha11 b~ secwed by tln tip~of this mortyapt. }
1. To psrmit, ow~w~ut ot wffe~ no wast~. impairmenr ot detaraurion of said propaty p any pu1 tMnof. t
S. To pay all u+d sinp~lx th~ coat~, tA~ipes and eapenu~ inch?d~np ~ reason~bl~ ~~rorncy
s fe~ ~rd oost~ of s~sNacts of titb, i~cu~r~d w p+id ~t i
~ny tin+s by siid MORTGAGEE, becavs~ w io the went of tha f~ilwe on tht paH of 1M ssid MORTGAGOR ta duly, P.o~y ~d f~,ih P..terrn, d;xlyrg~ i
execu% ~ffee~, compl~~~. ~,nply with and ab;d~ by ~sch and every the stipvlations, agreement~ cor,d;tiona, aRd covensnn of said pom;ssory iwf~ and thi~
mar9~s +~Y a ~itha. u+d sa~d costs. chu9es ~nd ~xpen~es, each ard ~very, sMll be immediatdy dw ~nd p~y~Ws: whether w nw rher~ bt nouce da ~
mand, ~»~enpt fo collect o? wit pend~ng; u~d tM full x~o~nt of exh and every wch p~yment ~haQ bear interest from ~hs daq ~hereof ~ntil paid at the ~
rate of nins pe. ctnn~ pe~ aevwrn; and all said obst~, chuget u,d expenses incw~ed p paid, topether with such inrsrsi~, ihall b~ satured by te» lien of thu ~
m°`tp~e' ~
e. lfwt j~ in the evenr of ~ny brcach of this Mort9sps ur defwlt on th~ put of th~ MORTGAGpR, or (b) in tM went wy of sa~d sw~u of n+oney ~
herein r~fensd ro ba not ptornptry and tvlly p~id within ~hiry (~0) days n~xt afte~ Ihe iame severatly becoms tlue ~nd p~y~b1~. wi~!aw d~maed a notice,
or in tl+~ ewr~t rach and ewry t}w stipulstions ~yreemen~s, condi?ions and coven~nts of sa~d p~omisswy note ~nd th:s morp~t aoy a eithe~ ar~ no1
iuly. promptly and fully performed, d~scharged, executed, effecred, compfeted, compl;ed w~th snd ab;ded by. thsn in euFKr a ~ny such ~vent th~ sa~d ~g
9reg~t~ wm msntioned in s+id promisaory note then ranaining unpaid, with interest xuued, and all mo~ys secv~ed hereby. sMll becor++~ dw ~nd p~p
able forthwitFy o~ thete~fte~. at the opr~on of said MORTGAGEE, aa fully and completey as i( all of the ssid wms of nwney were originally ar~pvlated
i~ ~ P+~ a^ s~+~+ d+Y. +~+Y~~w^D P~a++~asory nore a in this Mwlgage to ~he conrruy nawi~hs~u~d~ng; and ~hereupon or fhereaf~e. at tM opGOn of
sa~d JNORTGAGEE. wi~hout notics w dsm~nd, wit ~t la~v or in equity. 1F1ltlfOf! Ot fIllfNftH beg~~, rt~sy be prosecvted u if all ma~eys secured hereby
had matured prar ~o iq insfitutiOn.
7. Th+? in tAe evmt ihat at the beg;nn;Rg of w at ~ny Ywne pending aoy wit upon this Moregsye, w to fweclose it, p ~o ~efwm N, a w enfwc~
payrneat of u~y dai~+s he.evnde~. sa~d MORTGAGEE sMtl apply ro the Court I.~ving jw~sdK~an thcreoi ior the
•ppwntment of ~ Receiver, such Cowt sh+ll
fortliwith appoint ~ receivtK of said mwt9aged property all a~d wgulu. inctud~ng all and singvlu the incane profifs, issues arK! revcnues f~om whatever
wures darived, eacA and every of wh~cM, it bein~ expressly w+de~stood. is hercby mpryayed as if spec~fically ut fath and desuibed in the y~anting ~nd
habend~xn davses hareof. and such Rcceiver shsll Mve sll the btoad and effettire fvnctwro and powe.s in anyvrise entr~rsted by ~ Cov~t ro a Receiver. and
s~ch appantment shatl be maele by wch Cowt u ao admitted equ;ty and a m~t~~y of abso!ute right to said Mp1tTGAGEE. and wiehout refer•nce tp th~
adequsq w in~deqwcy of the v~lue of the prope~ty mwKj~g~d a to t1K sonrc,~, a~nwlvency of said MORiGAGOR a the defendants, u~d that such
rer,rs, profits, income, issves and reverwes shall be applied by :vch Receivei xcwd:np ~o the lien or eqviry of said MORTGAGEE and the pracrice of such
Lourt.
8. To d~y. prompHy and fully perform, discharqe. execute, efied. compkte. comply wi~h and ~bide bp esch u~d every the stipulations, ~greemenq,
conditioro and covenants in said p~omissory nore ud th~s mortgage set fwth.
9. ihat in the rrcnr rhe owne.sh~p of ~he .no.r9aged wem?ses, w+^Y P+r~ thereof. becomes vea~ed in • person other tiue the MORTGAGOR, th~
MORTGAGEE, ib successors and assgrts, may, without not:ce to 1he MORTGAOR, dayl with such wccessor p tuccesspr in iMCrest wi~h reference to this
mwtg~ge ~nd the debt hercbY secured in the s~me mamer u with Mortgagor wirlwut i~ any way vit~atirg a d~scharging the Matgagws IiabiGty here.
under or vpon the debn c~.eby secured_ No sste of ~he prem;ses hereby matg~ged and no forbea~anee on the p~n o( ~he MORiGAGEE w in successon
o~ auigro and no extension of the time fw the p~yment of the deb~ he.eby securcd 9iven by tF~e MORiGAGEE w ih successors or assigns, ,haii operate
ro refease discharQe, modify change or sffett the aigina~ iisb~l~ty of the MORTGAGOR Aere'u?, either in whole a in put.
10. 11 is spec~PKSiIy ~greed that time is of the cssence of this contrsct ~nd th~t no waiver of any oblig~Yan hereunder or of the obligation se-
lL?fd IIlflby lINII a1 Uly timQ fF1lfla{~M bQ Iltld f0 bf2 a wiivN Of tlfQ te~ms hcreot w of the insuvment secwed herby:
11. Irt add:Yan fo 1F~e fwego:ng monthly payment~ of princ ~1 snd interest roq~ired by the promissory npte secured hereby, mortgagor covenants '
~ and agrees to pay to mortgagee w~th esch momhly payment an ~dd~rional sum es~~ma~ed by morfgagee to be eqwl to 1/12 of ~he annual cosr of the follow-
ing:
A-All ~eal prope~ty taxes kvied or assessed aga~~s~ the above described re+l estare. -
B-Premiums on fire and windstwm i~uurance as I+e~e:n requKed to br curied on the improveme~ts sitwte on the sbove d-uribed premises.
C-Premiums on sqch mortgage gvuanty i~surancr as mortgagee shall from t~me to Yune deem fit to cury on the loan secvred hereb/,
Mwtgsgee shall from time to t~me not~fy mortgagor ~n writinq of tlx amount due and payable herevnder and wch wm shalt thereupon be d~e and
payabte on the due date of the ~ne:f monthfy payment and each success~ve month rhercafter ur.til mo~tqagee shsll not;fy mortgagor o; ~ charge pn such
amount. Such sums shalt be applied by mwtgagee soward the payment of real property ta:es, insurance prem:ums, snc! mortgage 9wranty insurance
prlmiuTf.
IN WITNESS WMEREOF, the said AAORiGAGOR has hereunto u! !as hand and sesl the day and yeu fint aforesaid.
~~F~Kd. kd an~livare'd in the prpence of:
. ~
0
?~-n
~n
~ATE OF FlORIOA ~
couNrr oF S t. Luc i e
befwe me pers~?~Ily appesred TAR`P 4 d K_ i rh.P~~t~ ~ ~
j~+js~ r i pn H x i nc his wife, ro me well krawn ~nd known ta rne to be
the [ndFv~dwfs desa~bed in and who executed the foregoing instrumenl, and ~ckrwM,kdged before me that they executed the s~ne for the purposes
~lx«n exp.e,ke. a,d rh..,:~ Mari on H Kirby
w~re ot rh. ,,;a Jame s A_ Kirby~ ~ ~~~~te ~
prir,r.
examinstan by me taken separate and apaM from her se~d Fwsband. adc?wwled~ed to a.~d before me that she executed said imtrument freely and volun.
rarily and without ~rqr compulsion, constraint. aFpre , a feu of or fran herzsid fwsbar?d,
WITNESS my h~nd ~nd offi~dal seal t' day of A. D. 19~
~
Notary P.~c in ~nd /or thr Ssate of florida ~t luys
Retum To: MY eapires:
Fiast Feden) Savirgs i losn /lssociation
or fw~ PK.«. _...t.•: :~tnr,. f~otary Pu6Gc. St~k of fiaids at Larpe
fort Pierce, flo.ida F~"' ~Y{y Commiss+on 1Ezpires Au9• 6. 14]'1
pNp RECORO~~,. ` b.a.e~s~?..k,.f;.ac~c~,
fILEO
5?. LV ~E ~cOU R?~
F.3N s . r~ • ~ .
RE=r . . - ;
,-~j =~-i ~ :
'~a~/J ~ '~~~.r_ : ; . ~.l
~~L. ~
'6T OEC q ~ ~ ~ ` : .
~f. l
-~.j~ ~..S ~ , ~
(l "v~~'~;~~
~~ERK C?RCUIT COURT i
~v~` 8~K 169 ~~'~i
I