HomeMy WebLinkAbout1723 To pt+c~ ~nd continuously ke~p on tM bvil~lN+ys now or AereafiN sitwte on sai~ land and m ~II equiprneet and pt~son~ily covsnd b1? tFJs nw?t~
y~. w~th ~II pemiw+s therwn p~~d ~n full, (k~ u.swuu~ ~n r!» uiwl uudard pol~cy ~orm. a sum approwd by ~M MORTGAGEE, and wir~torn~
~nswan0~ tn tM viwl standa.d pol~c11 tarR in • iwe .ipprov~d by ~M hWRTCsJ~CsEE. N+ such ca~P+^Y a~++P+^~K ~~M MORTGAGEE n~+y
dtnctJ and aH 1'a~ and w~ndsarm &aw+++u PolKi~s on ar~y of sa~d bvildi~t. My infMpl IhNfNI OI piri thltlOf, in ~M +pqrepa~* swn a~a~wid a
In ~xe~a Nierwf, shall eonuin ~M wwl uandud mor~~+9N davs~ w sueA otha e!ws~ u rM MatqagN may rpuv~. m~kie+p ~M bu w~da sa~d poli
ct~s, ssch and ~vaY. P+Yabk ro s~id ~M)RiGAGEE ~s ~n intKeu may ~Fpsar. u+d sacA and tvery suc~ polity shail be p~anptly au.sned u~d ~el~vaed ~o
any Mid by s+~d MORTGAGEE as (u~ths~ usv:ity ro saii! mat9+~ deW. +nd. not less tl,+^ l1~ d~ri i^ ~dv~nc~ of ~M tupir~tion of ~ach policy. ro d~
I;vN ~o iaid MORTGAGEE ~ rtntwal rMreof. topNiwr wirh a rect~pt fw tk~ pramiwn of sutA reewwat; and then sh~ll b~ r+o fu~ a wi~dstorm inswanc~
pl~ced on i~+y of sa~d build'uqs, ~r in~era~ th~rein o~ p+n tlwwf, vntsts in th~ fwm'~nd with tAe lou p+rablt ~s af~,.tsaid: ~nd in tM ~wnt ai+y swn
of mon~y bscomes payabt~ w~da wcA policy w polici~s s+id MORTGAGEE sMll Mw tM opt~on ro r~ceiw and sppiy tM s+m~ on +ccaN+t ol th~ ir~b~ed~ ~
ness stcvr~d hqs5y w to permit s~~d NWRTGAGORS ro rettiv~ and ~ it or ~ny pu1 thereol fw othcr pur~wses, without t!?e~eb~ waiving w unpa'u• ~
~^9 +^Y ~4~?~tY. ~itn w r~M wwa w by vNtw of thk mo:spsp~: and ie? tM ~vem sa~d MORTGAG(aRS shall fw any rtawn f~il to keep th~ said pramius so ~
inaured, q fail b dtlivet ptompfly ~ny of ssit~ policits Of in~nts M qid MORTGAGfE. a f~il prompry ~o p+Y f~lly any prs~+.iwn the+~fa a in ~++y {
r•spsa fail a pe.(«m, d~uMrge, ex~cvt~. etfact. caapl~s~. comply wirh and ~bid~ by th~s covenant, or any part henof, sa~d MORiGAGEE m+y pl~c~ +nd 4
P+Y fw wd~ inw.ancr or ~ny put tMreof wirhout w~lvinp or ~ff~ctGg ~n~ eW~on. Gen, aq~~hl. a r:ph~ und~r a by virtw o( th~s Mor~py~. and the
full smewet ol ~ach and ~.wy wch p+Yment shalt b~ a~roed+at~y dw u~d p+yabN and shall bes~ interes~ fcan ths dat~ theraof vroil paid ~t tM ut~ ol
ncn~ per ceetuia ~ annu~n uid rogethe~ wirh sucA iruaest shall bs aecured by tM li~n of this mort~ape.
1. To permit, commit o~ wf(er no wut~. impawment w ds~e~~owrion of s~id property or aey p+~t therwf. ~
S, To pay all ~nd sugvlar th~ <wa. ch+r~s and expenses, includinp a reasaubk ~trorney's fes ard costs of sbstracts of t~tle. incwred a p+id s~ ?
any tims by said MORTGAGfE, bec+uae w p+ d+e ewet of tM (ailwe on tl+e p~rt of the said MORTGAGOR to duly, promptly ~nd fully perfor~ d.scMrq~
eYecute, eftect complN~. ~wnP~Y w~th a~d ~b:de by ~sch and erery ~he sti; ~~IHia?s. a9?eeme^ts. conditions. a~~d coveMnts of said promissory note and t1w
moriga~ anr w r~her. ~nd sa~d costs. chu4es and e:pares, exA and ~very. sMll b~ imrnedwtety d~e and pay+We: whether or not ther~ bs ~or~ce dr
m~nd, msmpt ro colkct a wit pend~ng: and tM fufl s~nount of sach ~nd eve?Y wd+ WY~~ sh+ll bes~ interes~ (rom tM ~iate the~eof unril p~~d the
rare of nine pa cenrum per ~uwm: ~+d all said cdsn, chugea ud eapenses incwred a paid, topsther w~th wch intersst, sh+lt b~ aecured by tM Iw~ of this
mort9ps.
b, ih~~ (~I in the event of any brexh of this MwtgsQ~ a defaul~ on ths put of the MORTGAGOR, or (b) in the went any d ss~d sums of mw~ey :
sQ
herein referred to be oot prompny ~~d fully p~id wirhin thiry (30) days nex~ afrer the same sevaally become due ~nd payaW~. without deR.~nd w notice. :
or in th~ event each and e•ery the stipulationa, agreements, conditiwn and cwen+nts of sa~d prom~uwy note a~d tlw mwt~e u~y a ei~her an no1
iuly. pramptty and fully performed, d~schuged, eaecu~ed. effected. completed. canpl~ad with and ~b~ded ~sy, theo in dther a any such ev~nt ~he s~~d a~
pregst~ swn memia~ed in sa7d promissory raro then remainug unps~d. with inte.ess xuued. and all moneys secured hercby. ~h~ll becane dw url P+Y-
ab~e forthwitA, p tI1lfN~fN, st the oprion of said MORTGAGEE, as fully and comple~cly as ii all of the ss~d wrns of ma~ey vrere wiQin+lly suputated
eo be p~id on such day. anyth~ng in sa~d p.omiuory note a in fhis Martgage to the conuary ~otwi~hst~nding: u~d ~here~pon a the~eafte~ al the optan of
sa~d MORTCsAGEE, without notice or dem~od. wil at laa w in equKy, therdore or thereahe~ beyun, may be proaec~ted u if ~II ma~eys sewred he?eby
nad m~w.ed prar ro ~n ~~rvran.
7. Th~t in tM event that at tF~e beginning of or ~t ~ny time pending ~oy wit upon this Mwtgs9e, o~ ro iweclose iL w ro refonn it, a to enfwc~
payment of any claims he~ew+der, sa~d MORTGAGEE sha11 apply to the Cou~t hsving jurisd;ctan thereoi tw tFe sppo~ntment of a Receiver, svch Caxt shsll
fwtFiwith ~Qpoinl s recciver of said mort9aged property ~If and wyvW. inclvd~n9 all u+d s~vlar the income. proti~s. issues and revenuea Irom whstevr
source derived, each and every of wh~cl~, beirg expreuly w~de.stood, is hcrcby rno.rgaged ss if spec~ficalty xt fath and detuibed in the y~anting and
habendum clavses hereof, u+d svch Receiva shalt have all the b~oad and effectivR funct~ons and powers in anyw~se entrusted by a Caut 1o a Receiva, snd
wch appointmeot shall be made by such Caxt u an admitted eqvity and a matter of absolute right to s~id MORTGAGEE, and wi~hout reference ro the
adequxy w insdequscy of the wlue of the propaty mor~gsged or to H+e sonrency cr insdvency of said MORTGAGOR « the defendants, and that svch
renn, profin, income, iuues and rwenues shall be applied ~y such Receiver accwd~nq to the lien vr equity of sa7d MORTGAGEE aad ~he pr+ctice of sucA
Court.
8. To duFj, p~omptly and fully perform, dixharge, e:ecvte, efiect, compkte, comply with and abide by each and every tFw stipulations agreeme~ts,
conditioro and coven~~ts in sa~d pranissory not~ u+d tfrs mortgsge set fath.
9. Th,r in the eve~t the oMn+ership of the mortgaged pre*~ises, or any put tFmreof, becomes ves~ed in ~ person aher than the MORTGAGOR, the
A10RTGAGEE, ib wcceuors u?d assgns, m+y, wi~hout natice to the MORTGAOR, deal with such wccesso? or waessor in intaes~ wi~h reference to this
mor~gage and the debt hereby xcwed in the same ma~?ner u with lMrtgagor withoW in any way vit.ating a dacMrg'~ng the Mortyagors' liability hcre-
under w ~pon ~he dcbt hereby secu.ed_ No sak of the F.em~ses hereby mo.rgaged and no fwbearance on the pan of tha MORiGAGEE or ~ts tuccessors
or asigns and no txtens~on of the time iw tl+e payment o4 the dcb~ hereby secured given by the MORTGAGEE or in successors or auigm, sh~ll operate
ro release, dxhuge, modify change u affect the orig~nal lisb~l~~y of ~Fe MORTGAGOR her~in, eithw in whole or in put.
10. It is spec~ficatly ag.eed rhst time is oi the essence of fh~s cwurxt ~nd that no waiver of u~y oblig~t~o~ hereunder o? of the oblgstion se-
n.red hereby tha11 at any fime thereatter be hetd ro be a waiver of the terms hereof a of the irutrumeM secured herby.
I1. In add~Ywn ro the farego:ng mon~hlY p~Ymrnts of princ'p!1 and interest requ~red by the prom~uwy oote secured hereby, mortgsgor covenants
, a~d sgrees ro pay ro mortgsgee with esch monrhly p~yment an ~ddrtionat sum est:mated by mortgagee to be eqwl b 1/12 of the annwl cosl of the follow-
ing:
A-All real property taxes kvie3 or assesud agai~st thc above desu~bed resl estate.
B-Premiums oo fire and windstorm inswance as herein requ:red ro be carried on the improvements situate on the above dswibed prerti~ses.
C-Premiums on such mortgage gwrantp ins~ra~~ce as mwtgagee shall from time to time deem fit to carry on the ban secured Ixreby.
Morfgsgee shall from time to time notify mortgagor in writ:ng of the ama,nt due and paysWe herevnde~ and such wm shall therevpon be due and
Fayabfe on the due date of the neat monthly payment and exh successive month thcre+fter ur.ti! mertgsgee shsll notify mwtgagor of a chaoge in wcF~
amount. Such sums shall be applied by mortgagee toward IF~e payrrKM of real property ta:es, insuruxe prem:ums, and mortgage gvaranty i~u~rante
premiumf~ • •
IN WITNE WHERKIF, said TGAGOR hss he.eonto set his hand and xal the day and fint ~foressid. -
- Sgnsd, a dC ed ' of: ,/2,~ ~ -1
- ~ ` • o -~f~ (Sea~
' j' ~ ~ ~
" ~o
S7ATE OF FIORfDA ~
~ St. Lucie ~
Befwe mt person+lly sppesrcd Thema ~ C. G ~ te e n ,,,a
I s a b e 11 e 0~ t e e m his wife, to me well known and known to me to be '
rhe ind'nidwb desc.~bed in and wFa e:ecvted the foregoirg :nstrument, and acknowtedged before me that they executed the same fw the purpose~
?r,~.~~, e~~a. n„a said I s a b e 11 e 0 a t e e n
w~fe ot the s+id i horr~s Q(', . 0 s t e e r. ~pon a sep~rate ~nd priv+te
ex~m~naian by me qken sep~nte and apart from her said husbard, aduwwledged to and befwe me that she e:ecuted said irotrumcnt freely and volun-
rarily and viritho~t arqr compvlsion, constra:nL +pprehens~o -e~fear of a from her said husbsnd.
u~
WITNESS my h~nd snd offici~l sesl thi - day A. D. 19-~
,
P~Wic in snd fw the State of Florida ~f Latpe ~
My Comrniuion eapires: - : . -
Retum Ta
firtt Federal Ssvings a loan Associatwn - . •
Of Fort P,e.ce_ NOTARYPUBLIC. STATE of FLORIDA at t11RG6 .
fWT PitfCl. FIOIidi ~1~~ ANp aECOR~LA. 60NDE0 TMRSOUGNEiqEDEW_NDISSTE1.MipRlT . _ ' ~ `
S7' ~F
pa~ VuRTF~EO L
P . .
162~1 - '
'6T oEC 15 AM I r: 54 ,
~
!!Q JLR I OI~RMS
CLERK C~RCU17 COUaT ~
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B~K 169 YACE1711 ~
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