HomeMy WebLinkAbout2077 3. To pl~ce and coruiewwusly k+ep on ~M bu~ld~n~s now w heresf~~~ urwq on sa~d land and on ~H pu~pn+~n~ and pKSOnally covN~d b1r ~id~ morq~
ap~. with all prni~mi ~hereon pa:d in fu14 f'u~ inauru~c~ in d?e ~s~al uandud policy form. ~n • sum ~pprmr~d by i~ MORiGAGEE, a~+d winds~win
imwanc~ in ~M vswl iundard pd:cy i«m. G. • sum apprc,~ed by ~!+e MORiGAGEE. in wcl~ comP+nr or ca*P+n~es as ~h~ MORTGAGEE n+ay
d:recl; ~nd aU f'u~ and wir~dsro~m insurante pot;c~cs on sny v( ~ ou~~d~nps. ~?y intK~s~ thertin w pKt ther~of, in flK ~greya~e cwn afor~s+id ot
in ~:cess thereof, ~h+ll contain tAs uiwl sta~+dud mor~~.~e~ dsus~ w such aF?N davse +s t?» 1Mort~+9e~ m+p rWu~rt. ^~+Iwg the los~ u~ sad po1}
c~~s. exh and ~ve~Y. Wrabl~ ro said MORiGAGEE ~s its io~ereu mar •ppN?. u+d txh and evaY such Dv~icy ~hall be p~omptly asa'9ned and dsl~ve~ed ~o i
~~y htld by s~id MOitTGAGfE •s fu~~her secwiry ro s~~d morty~. drbr, ~nd, not I~u tMn ten q01 days in adyanc~ oi tM expiratan of tach polrcy, to da
I~ver to is~ MORTGAGEE a rencwal thereoi, togethK wi~h ~ rc:~.pt fo~ the premion+ oi iuch renew~l; and the« i1?+11 b~ no f'u~ w winds~o.m inw~anc~
plapd on u+y of said build~nps, ae~y intc~eit ther~in a p+r~ ~hsrwf, unku ie the torin'and wi~h tM bu p~yabls ss a~or~s+~d~ and in M~ ~•ven~ any wrn !
of maKy bacomes p+yso~s ~nder such po!icy or po1KKS sa~d MORTGAGfE shall Mw ~he op~an ro rece~w ~+d ~pply ~M s+rn~ on +ccow~t o1 ~M indsDted~
neu s~cvred Iwetry ar w permit said MORTGAGORS ro~ece~ve and us~ it or any pa.~ thercof fa othc. purFoses, w~~hout th~Eb~ Na:Ying w u~:aair-
;rq ~nY p~;ty. l;~n c~ :y;ht ?~ode~ or by v'utw of this mo:t9+9e; ~nd in IM ~vent s~~d MORTGAGORS sh+fl ia any re+son ts~i ro kecp tM sa~d pr~ses so '
iniwed. o~ fail b d.e~~a P.anpNy ~ny of said potKies of insunnu w ssid MORTGAGEt. w t~;i ~o~~h ro wr h,uy any pre~r:v~n the.efw or in any ~
respect fail b perfa~n, •'~xharge. e:ecvte. ~if~ct. compleN. comply wirh and ab~ds by this covcnant. w any put As~eo~, sa~d N.OR*G~?GEE may p1x~ a~+d
paY (a such inwranc~ a s~y p~.t theroof without walvirg w aff~ctinp ~nr opt~on, ~ien. equ~h~, or riqht unde~ a by vutw of this Mort9ap~. and the i
fvll ~mount of sach and r~ :ry tuch p+Yment slWI) be immedutely dw ~d paYabl~ and shall bcu ~~terss~ froen ths dat~ thcreof until paid M th~ r~t~ ol
nirN per centum per ~nrwm and toge~her w~tA sucA intereit ahatl be secured by ~M lien of this mort9pe.
1. To pKmit, canmit or suf(e~ no wnte. imps'ument w dete~~oration of ~aid proper* x any Wrt thereof.
S. To pay all snd sirgular the.coats, chuyes and e:penses, ~ncludiny a ~easonable attwney's fe~ ~nd cosn of abitrscrs of titk. incw~ed w ps~d at =
sny time by iaid MORTGAGfE, becaus! w io ~he event of tM fallure on tM put of the said MORTGAfaOR a duly, promptly and fv11y perforen, d~xhug4
execute, etfeq, complea, comply w~th and ab~d~ by e~ch aed every ~he uipulanons, agreements, cond~eions and eovena.~ts of sa~d wanissory na~ and ~hu
mc.~ya~ a~r w aeher. and uid tosti„ cMrgts snd expenses, estA ~nd evrry. tMll b~ +~+~ned~aiely due ud payable: wlK~her w na tha~ b~ not:ce dr
msnd, sttempt ro cdktt a suit pend~ng: u~d tM futl an,oun~ of exh u~d evMr such paymem sh+ll bear imerest fran ~he date the~eof until p~id t~.e
rate of nine pe~ centum per airw+n: and alt sa~d ccsts. cF?~rges and cxpenses intwred ar paid. topether w~th such interest. ihall b~ secured by ~ht lir~ of 1Fuw
mort9s~e.
0. That (a) in th~ event of ~?y bexh of tA:t Matg~ye w defa~lt on tM put of th~ MORTGAGOR, w(b) in the event ~ny of s~~d sums of money
hcrein referred ~o be na pranp~y snd fully paid within lhirt~ (30) da~rs next afte? Ihe same sereralty betorne due ~nd p~y~ble. wi~hov~ da++and a ooY~ce.
or (d in the event e~ch and every the s~iput~tions, agreeinenb. cond~tio~s u~d coven~nn of ss;d p.omisswy note and th:s mwt9age aep a e~tAe* +r~ nol
~„~y, a:u~nptly s.~s3 iul.y perfamed, d:xhargrd, executed. efEecred. ce+n.l+t.recl, u~mpl~ed w~~h and ab~ded ~y. ~hen in e~ther w any tuch ewnt the said ag
yregat~ sum mentiw+ed in said promiuory note then remai~irg unpaid, with interes~ scuucd, and afl morKys secwed hereby. sMll becan~ due and p~y-
sbte forthwith, w ~hereafter, at the option of said AFORTGAGEf, u iully snd con+pletely as ii all of the said swns of money were oripi~ally sGpulated
to be pa~d on such day. anything in said p?om~uwy note or ie+ this Mortgage to the coMr~ry notwithsunding: and there~rpa~ or there~fter ~I ths option of i
sa~d MORTGAGEE, without norke or demsnd, svit at I~w a in equity, fhe?e(ore or rAersafrer begun, mar be prosrcu?ed u if ~II ma~eys secured herebr i
had m~tured ptwr lo ~q imtitution.
7. That in ths event that at the beginning of or st any time pendirg aoy w~t upon this Mwtgage, or fo forecbse it, or fo reforen it, w lo enfort~
payment of any cl~ims he.eunde+, said MORTGAGEE shat~ apply to the Court having jw~sd~ction thereoi fw ~he appantment of a Retcivn, such Caxt shall
fo~rFiwi~h ~ppoint a fKHVH Of said mwtgaged property all and singvlu, inctud~ng all snd s~ngulu ths income. p~of~ta, iuues and rerenuea frpn whatever
source dereved, esch and every of whKh, i~ being expresaly underst~od, is hereby mortgaged ~s ~f spec~fKa:ty xt iorth ~nd d~svibed in the g~sn?inp and
hnbcndurn clsuses Mreof, and S1KIf RKlIVN f~NII M~I! iI1 ~I1! bfOid ~fN~ effective funct~ons and powers in anyw~se entruated by • Covrt to a Receiver, and
~uch appointment sha~l be made by such Cam u ~n admitted eqvity and a mane~ of absolute righ~ to said MORiGAGEE, and wrtho~t reference ro tl+e
adequscy or in+dequacy ot the valve of the prope~ty mortgsged w to the wwency or inwlverKy oi said MORTGAGOR a the deferKla~ts, and that such
renn, profin, income, iuues ard revenucs shall be applied by such Receive~ accordirg to the lien w e~riry o( said 1YtORTCsAGEE and ~he pr~ctice of such
Coutt.
8. To d~rF„ promptly and futly pcrfo.m, dscharge, eaecute, effect, complc~e, comply with and abide by esch and every the sKpulaY~oas, ~green+ents,
conditions and cwenams in aa~d promissory note and this mortgage set fath.
9. That in the eveM the ownership of the mortgsged prem~ses, or any psrt thereof, becames vested in • person other than the MORIGAGOR, ths
MORTGAGEE, in successon and assgns, may, wiflwu+ notice to the MORTGAOR, deal with such successor or succQSaor in interest wi?h refe~ence to this
mo~tgsge and the deb~ hereby secured in the same manner az w~th Mwtgaga w~thout in any w~y vit~~tiny or d~schuging the Mortgagori li~bit~ty hero-
under a upon the debt hereby secured. No sate of the Frem~xs hc~eby mo+tgaged and no fwbearance on the p~rt of the MORTGAGEE w in successon ~
or auigns and no extcnsion of the Yune for the paymcm ot the dcbt hereby secured givrn by the MORTGAGEE w iri successon or au~yns, .tiall operate
ro release, d~schargq modify change or affect the wig~nal Iiao~Gty oi ~he ARORiGAGOR herein, either in whole w in put.
10. It is SPlCifiCilly M~f!!d that time is of the essence of this contract ~nd thst no waiver of any oblgation hereunder or oi the obliyatan sr
a.red hereby shall at any tiine thereaher be held to be a waiver of the terms hrreof or of the instrument secwed F~e~by.
11. In add~tion to the (orego:ng mo~thty paym~nts cf prin~ ppl and interest required by the promissory note secured hereby, mortgagor tovenants
. and agrees to pay to moregagee w~~h each monthly payment an add~r;onal wm es~~mared by mortgagee to be equal fo 1/)2 of the annwl cost of the follow-
ing:
A-All reat property ta:es kv~ed or assessed aga~~st the above described real estate.
j B-Prcmivms on fire and windstorm iraurance as herein requ'aed to be carried on the improvrme~n situate on the sbove ~esuibed premises.
C-Premiums on suth mortgage gwranty insurance as mortgagee shatl from t~me to time deem fit to carry on the loan secured hereby.
Mortgsger shall from time to time ratify m~rtyagor in writing of tM amovnt due and payable he~cuoder and such sum shall therevpon be due and
payable on the dve da!e of ~he nezt monthly payment and exh successive mon~h thereafte~ ur.ti~ mortgsgee shsll notif~ mortgagor of a change in wch
amount. Such sums sFa:l be spplied by mortgagee toward the paymenf of real property ta:s, inwrance prem:ums, a~v1 mortgage guaranty inwrance
premiums.
IN WITNESS WHEREOf, the said MORTGAGG2 has hereunro set his hand and sesl the day and year first afweaaid_
ned, kd ~od deliva th/e~ csence of:
~ C~ ~ _ . ,t/ lJ SeaO
Ax~ (Seaq
rs...q
STATE OF FIORIDA '
cou?,m oF Saint Lucie ; u-
~f~~ ~pe~so~!+ ~~Y ,ppe~ Ward S. Gubler •
Eleanor E. Cil1Dl@1 ~ his wi(e, to me welf known and krawn to me to be
the indiridwts described in and who executed Pne for trument, and adcrawledged before me that they executed the same for the pwpoxs
rherein e:pressed. Md the ~ Eleanor E.~u~~er
„,~re ot ~he ,,;a kiard S. Cubler ~,p~., ,,~p,.,re .~d pr;~.t•
examinst~on by me taken sepsrate snd apart from her ssid husba~, adcnowlydged to snd bsfpe me that she execvted ssid irot~urncro freely and volurr
rarily and withovl arry compulsion, constraint, apprehension, or u of or irom her said ~band
u~~ =~c
WITNESS my Mnd and offic~al seal this dsy of Dece er D. 19 ~
~i ...~~P~- .
Notsry Public in and (or the Sut of brids at :sr9e
My Caevnission e:pires: 6 J7
Retum Ta.
Fint Feder~l Savirgs 3 loan Associat~on .
Of Fort P;erce. ,~p(~ PY~K. :~21C 1s •1 ~at9Q , .
Fort P:erca Flw~da RE(~OR~u~ ~O~RMSSIOR ~r.~~••• • 196A ~!l1~~•f.,.~' .
F~o aN~ o~NTY. F~ .o.a.a Y. .
z. ' ~ ~ y • . .
S Cn „,j c T' ~,f~' ~(~qc;,, f
f?~" _ ~(~~lii~~ '..Y Py4~:t. S~dtC _`^1i`~ v Z rT~• -
v V ~ ' wfn!m S ^r. ~X~ifS NOI. ~ . r! ~
~ • ~a .<S'j ~ i ~ 3 G:v~-~ ~ ~ i.: -
EC ZZ pM . ._-i=, r` o ~
'6~ ~ /7~oz~ - - - '
VRj , .
~ ~K C;RCUIT CO
8~1K~~~ PAL•[~~Q ~ ck
. , _ .