HomeMy WebLinkAbout1464 To p'aa ant! contkwiously kNp on th~ bvikfinpa now or hsr~aftK MhwN o~ s~id 4nd and on ~II pu~p+~t snd p~raon~~ly .ownd by tAi~ ~tp'
~y~, with ~U pnmiwn~ ~hawn pud in fvll, fa~ iniwanu ~n th~ vswl su„dard poliey fae~, •:un? approwd by tM MORiWIGEE. a+id w~tor~n
inwrancr in tR~ usual stu?dud policy fwm. in • swn approwd by ~M MORTG/1GEE, in w~h comp~y o~ companiet q ~M MORTGAQEE inay ,
dind~ ~nd ~N ik~ and w'a~dswrn~ in:wano~ pdicw~ on any of s+id buiWi~pa, ~n~r inM~at ths+tin or part ~hsrwl. in tM pQrep+~~ ~wn ~toreuid or
~n ~ioe~s tlw~~ef. ~hall conuin ~h~ vswl sueda~d mortflapN ct~vs~ w ~ud aM+ ciava a ths MatpapN n+ay nqu~ m+kino ~M loss wKMr ~a~d po14
ciw,. ~acA and ~wry. P~Y~bI~ 1o uid MORTG/?GfE as its ints~esl maY ~Pi~+~. and ~Kh ar?d ~v~.y iuch po~icy sMll b~ P~~A+h? ass:y~+~d ~nd dNiva~d to
u+Y h~W by w~d MOR1W?GEE a fwtha secwity w taid nanp~ deM. +od, nw I~ss tMn ten (10) d~yt in dvana of tM ucpiratan of ~ad? PulicY, ro d?
li~ru b uid MORiGIIGEE ~.k?swal Uwr~of, top~~h~r wiiA fw rhe pNniwn oi a+d~ rsn~wslJ ~nd U~en sMll W no f~n a winds~ae+ inwnnq
pl~ad on ~ny of ~a~d build'rg~ ~ny intaat tMr~in or p~rt therwf. w+!~ss ie ti~ tan~'and wi~h ~M bss pay~Wt as ~foresaidJ and in tM ~w~! ~ryr swn ~
of mwNy becana p~y~bl~ w;d~. wch PaKI? w P~~a~t said MORTGAGfE sMU !?~w d» optan w reaiw and appy th~ swn~ on ~aount o1 ~h~ M+d~btK} ~
~x~s s~cw~d ha~by w a permit s+id MORTGIIGORS ro raaiw ~nd v~ it a~ny put thereaf fa other pwposes, w~thout ths~ebr wai~i~~y o~ in+pair- •
i^o +^Y pu~b. li~n w riph~ wder ar br virtw of this mat~+~et and in tiN twm ~a~d MORiGAGORS tlwll tor aehr r~ason fai! b keep th~ ~id p?~mises ao
kuored, a faq b d~lira pranptly any of aid pol~cKS of insur~rw a said MORTGAGEE. a hil promptly 1o paY fvllr ~ny pr~rn;v,n thp~for o~ h ~ny
~~sp~ct fail to PNfoa0. di~ch+ryt. ~:~tvh. ~fhct. compl~t~. co"^P~Y with and ~bid~ by this townam, cv w~y put herw.: s~id VORTGAGEE may pl~a a~d
Wr to~ wcA inwranw or aay put rhe.eof wirhar? walvinp a~H~ctinp ~n1? oWion, ~~n. p~ib, a ripAt undN or by virtw ol tMs Ma~~ and tM
full amow?t of ~ach and ~+uy wd~ psym~nt sMli b~ inwn~dwMy dw and p~yabN ~nd alwll be+r intK~st hae th~ daq thsnof until paid M th~ r~q ol ;
nir» pu c~nnan pN aen~an and to~eN~e~ wuh wch inte.at sh~li p~ s~cwsd by th~ 4~n of tlw ~a~pe.
1. To pumir, aorM1,~it or wHa ~+o wast~, impa'amcnt a d~te.io?u;on of aaid property a any part tMrwf.
S. To p~y d) and sinpvtar the.cwt~, chupes ind ~~»nse~, inclwiirg • rea~oMbt~ ~iWrn~y's fc~ ~nd owb of ~bstr~ets of tirl~. incurred o?
p+id at
~ny timt by s~id 1111pRTGAGEE, bcaus~ a in ~M ~vu?t ot 1M failun on tlN p~rt of tM uid MORTGAGOR ~o duh. prcmprly ~nd fudy p~.f«m, d~scMrga
execvt~. ~f(ed, compl~t~. eomP~Y w~th uwJ ab~d~ by ~ad~ and every th~ stlpulations, +Orse^wnn„ ca~d'Niaa. ~nd oownanq of said promiswry not~ and this
^wrty+p~ +np w ei~har. and sa~d costa, clwyes and expen~es. each +nd wKy. sMl1 be irtin~diattly due and psyaW~: wFrther a no1 Me~~ b~ not~a d~
msnd, atqmpt b cdlect or wit pendin~: ~nd th~ fvll anww~t of esch and ~very wcA piym~m shaN bw ififKftf ffpl~ fM diff tMffO~ unrel paid at tIK
rate oi ew~ per cmtum pM arr,wq; and all s~id cdsts, ch~rQes ud e:peos~s i~aur~d or paid, top~thar with s~xl~ w~tec~st, shall b~ aavred by th~ 4a: of thw ~
morp~y~-
b. 11w~ in the ewnt of ar~y bread~ of this Mortya~ or d~fwlt on Nr plart of tM N~ORTGAGOR, or (b) in tM ~wnt ~n; of sa~d swns of nwney
h.rslre nf~rnd a bt na pra.npny snd tvlly p~id wirlw, ~hirry (30) days ~?ea~ ~fier ~he same ~everal:p bacane due ~rd parable, witi~oW da~n+nd a eorice,
or W G+ th~ ewn~ e~d~ and ewry ih~ siipul~t6oea. sg.eeeeen~s. conditions and eoveMnts of sa~d promisswy oote a+d thts mort~e ~r~y a sNher u~ na
iuly, promptly and futly perfae~l, d:xMr9ed, ~xecured, effected, complsred, complied wi:h u,d ~b~ded 5y, then in eithsr w
pre~,M sww m~nriawd in said P?omissaY nots ~hen rem~ini +^Y such we~t ~M aid a~ t
np w~P+~d. w;th interest acuued, and all monsys setv~ed hetebr. sMll bscan~ dw u~d p~y- (
aW~ fw~hwid~ or thereaher, at tM optioe of said MORTGAGEE, u tvlly ~nd ca++pte~efy as i( all of rhe said sunn of money were or~pinally at;p~lated ~
ro b~ piid on wd? dsY. +arthinp in sa~d promissory ooa or in ~his Nlorrgs9e ro the conrrary noewi~Mtsnding: and shereupon or thereaha a 1M op~~on of '
u~d NWRTGAGEE, withow not~ or demand. wit at Iswr w i~ equiy. theretwe or thaeaf~er begun, rn~y be pro:eculed u if all er?cv~eys sacu~d nae61? i
had matu?ed prwr to ib instiwtion.
7. Th~? in rhe event ~har af rhe begiir+ing of w af sny ~ime pending aoy wit vpon rhis Mwrysge. or w fwecbse i~, w a reform it, o? to enfora
payment ^f any dau++a he.ew,der, sa;d N1pRTGAGEE shalt apply to the Co~n having jur~sd~nan thereof for the appanlment of i RKlIVli. wch Court shall
fortliwith appoint a receiver ot wid mort~aged property all and singvlar. 'w+clud~ng sil and sinqvlu ~he income pofits, iswes and revemres fro?n whatever
souru de~ircd. e+ch and eve.y of wh~ch, i~ beinp ~xpreuly wders~ood, is hereby mo.~geged as if ~pec;(iully set for~h ~+d dexribed in rhe 9.aming u~d
Mbendan clauses hereof, and sucl~ Recciver thatl Iwve ~II ~he boad snd effective functwru and powe~s in anywise enrnnttd bp a Cowt ro a Receive~. and
sucl~ appoinmKnt shaU be made by wch Co~xt u an ~dmitted eqvity uw! a n»tter of absolute rght ro said MORTGAGEE. and wi~hout reference ro th~
adequacy w in~deqwcy of the valve of rhe p~operty na.~9aged or ta the soive~cy a~nsolvency of sa~d MORTGAGOR or the defendants, +nd dyt such
renrs, profits, income. ~swa md revenues ahsll be applied by wch Receire? accord~rg to the 1'~en w equity of ssid MORTGAGEE and th~ practip of such
Cowt.
8. To duly, prompty and (ully perfw~n, d~schug~, execute, effect, cweplete, conrly w~th ~nd abide •
conditiom and cove~una i~ sad promissary note and this morrqage tet fath. tht stipulat~wq, ayreements ,
9 That irt the event the ownershEp of the mong~ed pemises, w any put thereof, becomes vested in • person other thx~ tM MpRTGAGOR, tl+~ .
MOitTGAGEE, in sucaesson u~d sugns, m+y, without notic~ to 1he MORT6AOR, de~l wi~h such wccessor or wccessor in intereit wi~h re(erence to this
r^o+~9ay~ +^d tF~e de!?~ hereby sectued in tM same msmer as with Mortgagor witlwut in any way rit;atirg a d:xhuging tlK MwtQagors' liability here-
under or vpon the dcbt haeby secured. No tale of ihe premisei he~eby me.tgaged and no forbeu~nce on the pan of the MORTGAGEE a 1n successon
w auigro snd ra extension of fhe time iw the paymcnt of the deb~ hereby secured given by Ihe AiIORiGAGEE w in wcctuors or au:yns, ~hsN pperate
to ~e~ease ducharye modify ch~nge er affect the o?ginsl li~b~lity of the AhORTGAGOR herein, eithe~ in whote o? in part.
10. It h spec~ficslly agreed that Ywne is of the essence of tha contract and tMt ra waiver of u~y obligstion hetarnder p of th~ obliq~tion ss.
a:red M?eby shatl ~t ~ny t'ene thereafier be he(d to be a waiver of the terms hereof w of the inss~ument secvred herby,
11. In add~tion to the fwegang monrhlY paYments of princ'p)1 and inre.est required by the prom~uory nore s~cwed hereby, mptyagor tove~snr~ ~
and agrees to pay ro mortgagee with esch momhlY paYmcnt an add~iional sum cst~mated by mortgagee to be eqwl to 1/12 of the annwl cost of the fdlow- i
'ng:
A-All real property ta~es kvied w assessec! against the +bove described real estate.
8-Premivms on fire aod winds?orm insurarece as herein ~eqv:~ed to be urried on fhe improveme.~ts :ituate on the sbove described premises,
C-Premi~ms on s4ch mort9sge 9wrany iowrar.ce as mortgagee shaU from ~~me to Yune dcem fit to
Mortg~gee shaU from time to time notif mott ~ry ~ t~ ~~y.
y 9sgor in writ~rg of the amount due and paysble he~ew~der and such wm shal{ thrrevpon be doe and
payab(e on the due date of the next rtw~thlY paymenr and exh successive month thereaf?er w.til mortgaqee shall notify nwrtgagor of ~ ~n svch
amount_ Such swns shall be applied by r~ortg~gee towud the payment of real property t~xes, insuruxe pem:wm, and mortgage guars tyn insw~nce
D~emiumf. ~
iN WITNESS WNEREOF, the said 1MORTGAGOR iw hereuntv set his hand and seal fhe d~y ~nd ye~r fir aforesaid. _
iyned, Sea ed ~nd ivered in tha presenoe of:
Q
~ ~ ~ , . S
~
^~-n
~
STATE OF fLORIDA ~
courm oF S t. Luc i e ~
eifae p,,,a„~~, , Mike McKinnon ~
Aretha 1~cKinnon ~ W;f~, ro ~ ~~i ~ ~ b ~ ~ ~
the individwb described in aod wFa ~xecuted the foreyoir?y i~strument, ~nd actcnowtedged before me that rMey execwed th~ ssrne fw the pwpose!
~~•e~ ~~e. ,~,~,d ~ Aretha McKinnon
~~~d Mike MeKinnon u~wn ~ separate ~nd priv~t~
e,csmin~Yan by me taken tspinte ~nd apah from her sa;d husbs~d, aduioMr{edged to aed befae me tFNt she executed s~id instrumcnt freely snd volun.
rarily ~nd without uyr compulsion. constnint. +PWehem~, or feu of w from her aaid . •
WiTNESS my INnd and officiat kal this ~
~ °f A. D. 19~
Nobryr P ;c ;n ~nd for the Stne of Florida d L~rys
Retum Ta MY expires:
FiM Fede~a! Savir~gs d~ Loan Aswciat7on ' ~k ~ ~ ~ ~
Of Fort P~erce. • ~ • ~ ~pmISf104 E1Ip/!S ~119- F?.
fort Pierce. Flwids i ~
' . ~ : t ~
J = ~wdw b ~ Fw l Gwrf Ca. ,
:~j •ti ~~l ' -
Fii~o arvo RECOR~iE9: r`' = ~
ST. LUCIE COUNTY, ~
~ t ~ = e~K ~69 PAGE~45
~~~~~~n v~~~F~~ ~ .
162468 ' ~ ~
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6~ • `ry.~..~..~~~`~' ~ - ' i
' OFC 8 PIy 2. I S ` .
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~tU:.•~?= ~ J: i R~s i
CLERK CIRCU~7 COUR~ ~ `S`
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