HomeMy WebLinkAbout1251 To plau and conrirw~ousiy kHp on build;npt now a I+N~aft~r utwa on said iand and on ~II puiprMet and p~non~lly cowr~d by tl+is
•pw wti~h .It prsm~a,u ~hc..on p~:d ~n fvl1, fi~~ insw~na in ~M uiwl s~andud pot~cy fone, ~n ~:wn approwd by th~ MORtW?6EE, and w~~T~
~nwr~ne~ in r.w ow~! arand+.d pol~ey tam. in • ~wn spp~owd by ~he MORTGAGEE: b wch eompany w eae~p~n~a a~M 1~10RTGAGEE en+y
dinus and dl f'u~ and w~ndsa.m ~nswane~ polwM~ an any of l~id ~N~i/1~L M1y jflfMf~t IlltflUl W Pif1 IFIQIlOt, in tM pqre9aq wen ~Fons.id w
In ueesss ~eof. sMll contaw~ tlw uswl ir,u~dxd moreyape~ davs~ a su:f+-orFw elaus~ as t1?~ Mw~ypN m~y rpuin. nukieg ~M toss unde. s+id pdi~
c~w ~acA aed ~wry. WYabk b said MORTGAGEE as ~n in~acu maY •PPe+~. +~~?d each and way sucA policy sha11 b~ p«np~1y ~uqnrd and d~livaed ro
sny h~td by said MpRiGAG'cE as twd?N s~curity to ~id mortys~ d~W. and, not less than t~n QO? days in ad~ance of ~1,~ ~:p'uation of ~acA pol~cy. to d~.
l;wr 10 ~a;d MORTGAGEE • rsnawal ~he~eof, 1o~~hK with a rcc~ipt (a the !,nmiwn of wch r~wal; ar?d tFw~ sMl! b~ np fu~ o~ windstam i~swsnq
pl~nd on ~ny of sa~d build'ugs, ~ny inte«tt tF~t~n or par~ t!?K~of, ~nl~ss ie ~h~ fuei u~d wi~h ~M lou payabt~ as afae~~dj a~d tn t~ ~v~?t any wm
of morny bucom~: psyabla wKls~ wch policy w pol;ci~s faid MORTGI?GEE s~wll Mw ~M opt~on ro receiw and ~pply tF» sam~ on acco~~~ 01 ~he ind~b~ed~
nKS Ncur~d Iweby a w pe~cn:t said MORTGAGORS 10 ~euiw and vs~ i~ a any put ~he~eot for o~nrr p~,.posrs, w~!hovt tAe.eb~ waivi,y a~mpai~-
inq anY pu~ty. lisn w rigM ~ndcr or br virrw of rhis morr~ay~; and ;n tM ~rent aa;d MpRTGAGORS sAsD fw ~ny r~ason fail ~o ke+p rfi~ s~~d p.~m;ies w
inswed, a ~ail b d~ti,rer pranptly u.y of said polKies ot ie?swN+o~ ~o s+~d MORiGAGEE, p fail prompNy to pay fully any prrniu~ tha~efo~ p in ~nr
nspact fail b pNfo~n~, d~uh~~ge, ~xecvt~, ~(fact, tomplot~, tomply wirh and ~bids by this cownant, a a~y put ha~ol, said MORiGAGFE +nay plac~ snd
wr fw .uch &awanc. w a+y put tMreof w~~hout wahrin~ or ~ff~ctinp any oP~ion. ~iM. puity. or riphi ~nder w by vutw of ~h:a Mor~~. and ~he
full ~nwunc of ~ach ~nd ewry svch paymant shaU b~ iminedi~tdy dw ~rd p.yabl. ud •hau bsa. inte~est frari tM dat~ thereof un~il paid ~1 t1+~ rat~ ot
ntn~ pK cenlw~e pu aiv?um and togaRer wirh :ucA inte~ese s1w11 be secu~~d by the li~n of this n+ort~ays.
Io p~rmi~, ca~enit or wfte~ no wasn, la~ps'ument a deteriwation of ~aid propeny or any pa~t tl~~of,
S. To pay all u?d sirgul~. the <osrs, ct.upes snd txpe.ues, i+?clvdinp s reason~ble ar.ornsy's (ee snd costs of ~bst?~cts of titk, incwr~d a paid +t
any tim~ by said MpR1GAGfE, becavs~ or in the ewnt of the f~ilwe on the put of the said MORTGAGOlt ~o duly. promptly ~nd fully pfrfw~, d~uhugR
execvts. ~ff~ct compkre, complY with and ab~ds by exh and every the sYrpulations agreements, conditiw?~, and eoven~nts oi s~id promiuwy nore and ~hit
mw~9+~ +nY w eithe~. ~od sa~d cos?s. chugcs a~+d expcn~es. each and ~very. sMll b~ iinmedia~ely due u~d p~yable: whetha w not tAere be norici de~
mand, +mmpt w cdkct or wit p~n~ny; u~d tM fult amount of exh and ere~y H:ch paymeeu shsl! bear iroer~s~ from ~F~e date thereof until p~id the
.aoe of nie~ pe~ centwn pt? amwm; and atl iaid cds~s, chu~es and expa?ses incwred ot paid, topether w~th such interesl, ihaU b~ savred by th~ lito of thq
~.~.ro.~..
e. 1Mt i~ the event of a~~y breach of r!w Mort9ay~ or det+vtr on tFr put af the MORTGAGOR, or (b) in th~ ~rent ~ny of s~id swns of rewney
he.ey+ r~fe.r.d ro be no~ p.omp~ry u+d iuuy p~id WitMirl Ihitty C.~O) diyS f~Q7t1 iftH tMf fam! flvNally blCO~'1Q ~Y! a11d ~iyiWQ. wi~hout dem+nd o~ notice.
or in fhe event eacA a~d ~very the stipu4tions, sgreements, cond:t;ons a~d tovee~ants of ta~d promiuwy ~ote +nd th:s mwtpspe ~ny o~ eiths~ art nol '
i~~y, a~~y .~d ~~~y ~.ra~d, d:x?~+. ~
ged, executed, eifected, completed, compl~ed wifh and abKkd `~y. tMn in e;tl~ w ~ny such ewnt tM u7d ap~
prtg,~ro wm mentioned 'en said promissory oote then ~em~ininp unpaid, w~th interat scuued, and all :noneys secured hereby. s1y11 becwne dw and p~y~ j
abte forthwith, oc rhereafter, at tFae oprion of aaid MORiGAGfE, as fully ard cort+pletely as if atl of the sa;d surr~s o1 monty wc~e or;Qinally at~pv4ted
ro be p~id on wch day. any~hing in said prpn;ssory note w in th:s Alwtgagc ~o tha con?rary nww~ihsfsod~ng: snd ~hereupon w fhe~esfte~ a~ the opt~on of
uid MORTGAGEE, withou~ noeice o~ demand, wi1 st la„r or in equity, fhe~cfore a there+fier beguq may be prosec~ted u if dt ma~eys secvred Aereby
had matuted p,tiq to iq initilution.
7. TF1if If1 lIN lVMt IAi1 at the beg'umirg of p al ~ny time pendirg soy wit ~pon this Mwtg~ge. w to fwecbss if, w b retorm i~, w to eefora
payment of ~ny d~im~ hereunder, said MpRTGAGEE shsll apply to the Couh having jurisdKUOn ~hereof for ~he appantment o( ~ Receiver, wch Cowt shaU
fortFiwith sppoint a receivrr o1 said mortgaged propery ~II and wg~lar, i~?clud~rg stl and s~ngul~r ~he irxome. prolits, iswcs ~nd ?evcnuei from whatever
wurce derived. e+ch and every of wh~ch, it becng expressty undlrsfood. is hereby mo.~yaged at Gf spec:ficaUy set (wth and desuibed in ~he ~ranNnp and
habendwn clauses lxreof, and sucA Receiver shaH Mve atl ~he broa8 and effective fvnct~s and powers in ~nywiae entnrsred by • Court M ~ Receiver, and
wch ~ppoi~rment shau be made by such Court as an adm~~ted eqviry snd a ma~rer of absolu~e rgh~ to s+~d MORiGAGEE, and wi~hout relere~ce to tl+e
adequacy w in~deqwcy of the wlue of the propaty mortgsged or to the sowency o~ ~nsotvency ot said MOR~GAGOR a fhe defendants, and rhat such j
rcnts, p~ofin, income issues and revenuei sha11 be ~pplied by such Recciva xcwding to the lien or equiy of sa~d MORTGAGEE an~ the practice of such
Court.
8. To duly. prompt`ly and fully pertorm, d~schuge. exen,fe. effect, compk~e. ccmplY wirh snd ~bide by each aad every tlw s~ip~rlations, ~yreements, s
c~tiom and c5ve~~m~in ss~d prom;ssory nott a~+d ~h~s mwtgsge set fath.
9. Thil i~ the eveM thc ownership of the mortga9ed premises. or any part thereof, becomes veited in ~ penon other th~n the MORTGAGOR, th~
MORTGACsEE, ib successors aed assigns, rrNy, wi~hou~ notice to the MORTGAOR, deal wi~h such succcssw p successw in intcres/ with reference to thq
morrgage and tAe deW hereby secwed in the same mannes as w~~h MortcJagor withow in ~ny w~y vitiafing w d~xha~ghg tbp Mor~yagors• liab~lity hera
under a upon the debt hereby secvred. No tste of the Fremiua hereby mw~gsged ~nd no fabe+rance on the part of tAe MpRTGAGEE or its successus
o~ +u~ges and no e=rension of the time fw the payment of the debt hueby secured given by the MpRTGAGEE or ih successon a suigr?s, sfiall operate
ro rekate. d~xharge, modify charge or af(ect the wiginal Iiab~lay of the MORIGAGOR herein, either in whole or in pu~,
10. It is specifically agreed that time is of the essence of this contrsct and thst no waiver of sny oblg~t7on hereunder or of the obl'yation se-
a,red hcreby shdl at any time thereafter be held to be a wsiver o( the terrrw hereof w of the insavment secured lierby.
11. In addrtion to the fwego:ng monthlY psyments of princ ~1 and inicrest requ'ued by the prcm~uory no~e sccured hereby, mortgsgor carcnsnts ~
• and agrr_s ro pay to mortgagee w;th csch monthly p~yment an add,~ional sum est;mated by mwtg~gee to be equal to 1/12 of the annual cost of the fotlow-
:rg:
A-All reat property ta~ces kv~ed w asussed aga~nst the above dexribed real estate.
8-Piemiums on fire and windstwm inswance as hcrein requ"aed ro be urried on the improvem~~ts sitvate on the sbove desuibed premises_
C-Premiums on such mortgage gwranty insvru~ce as mwtgagee shall from time to time deem fit ro urry on the Iw~ set~red her~by,
Mwtg~gee shall from time ro time notify mortgagor ~n writ~~ of the amount dur and payable hereunder snd sucl+ wm sfiall thereupon be due ~nd
payabk on the due date of rhe nexr moerhly paymcm and exh successive month theresiter ur.til mortgagee shall not~fy mertgagor of a change in such
amouat. Such sums shall be +pplied by mortgagee eoward the payment of real properry taxes, insurance prem:ums, and rtwrtgage guaranty insurance
premiums.
IN WITNESS WMEREOF, the said MORTGAGOR has herevnto set his har.d and xal the day and ar f'wst sforesaid.
Sipned, delive~ed in t pese+~ce of: ~~i~I~J~GZ-~~i~~Z~1~~"~~GC
. .cs~~n
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STATE OF FtORIDA ~
courm oF Saint Lucie
6efore me personally ~ppeared Bcina R_ Arne d~ a v i dc~v ~
F~Fs-wi(r, ~c-~ne•,~ell known s~d known to me to be
the ind'niduah~dexribed in and who executed the foregoiny ~nstrumen~, and ackrwwledged before me that t4~y execu~ed the sa+rx fw tFrc pvrpose~ •
rhe~ein expressed. And-tis.rt~d ihQ
w+F? ~L tl~ ~ai~d
~'w? ~ ssparN~ ~niy~sivW "
~ww~ by. m~. takm .s~parat~ aod~part,4aa~hec. said~aband.-ackno~wi~dg~Lto aod~efor~loe.a6at ah~ s~Ked;aid i~wwwa~ k~ety-aotitioYr
fYi{yJOd W~10YT.~q}R. iO~tJiipq ~COnRtiiYltr ~PP~V~r af~ 4~ Cf ~ bYtbiYi~
WITNESS my hsnd snd offic;a! seal this o~
~ '
dsy of A. D. 19
~ ~
Notary PubIK in snd fw the State of florida ~t large i
Rerum Ta MY ~~+iuioo expi~es:
~lotrry Pu~c. St~l~ ~I Floreda at lsrge
~'~.u Feder,~ sa~~~s a to~n wss«;a+~«, ~ Commisian Expites Nor. 3. 1969
Of Fon Plerca ~
~Y Aw+u+ ir~ a Cr!W!~~ Ge,
Fort Pierce. Fio.~ ' ;i;ij1~;~~=.
RECOROED `
FILEO AN~ F~A. _ :-y.::•'........,
ST. LU COU~T~ EO ,i Q. '
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_~l 2 2`~ - 4 " . `
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a
'61 OEC 5 ~ ~
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CL~RK RCUIT COUitT ~ PAGE1239 - .
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