HomeMy WebLinkAbout2596 To plac~ and c.k?tawously kNp on ~M buiid~nys eww or hs«aft~r 4tusr~ on sa~d land and on ~11 equipr.yet and p+r~oe?~Ily cov~r~d by this narp~ 1
p~ witA ap premiwns tAereon p.~d in fvll, fire inwruic~ in th~ uswl su~dard policy faen. ~n + swn ~pprov~d by tM MORiGAGEE. ~ad windsrorrn
inwranc~ M ~M v~wl sundard pol'cy (a~n, in ~ ium approved by e!w 1NOItiGAGEE. in such canp~ny a co~np~ea~s ~s th~ MORTGAGEE n?~y i
dirsdt and ~II f'u~ u~i w~nchrorm inwranc~ polKies on +~y o( f.1id bYild:nOf„ ~Ily (~1fM~1t tlfNfilf 01 pNt tFtt~W}, in tM ay9.e9a~~ swn +fw~i+id or
1n txcess ~I+erwf, ~Mll contain ~he usual ~~and.rd matg+ga+ claus~ or sud? o~ha cla~,se u tM Mat9+ps~ m+y requin. ^`+LinO ~M loss unds~ sa~d po~E
ci~s, s~ch «~d ~vrrY. WYabl~ 1o s~id MORTGAGEE as ~n in~erest may ~pptar. and tach and every svch poticy sl+all b~ p~anptly us~9~ed ud d.liv.~ed ro
any held by said MORTGAGEE u fw~hN setu~iry to s~id mort~ag~ dcbt. +nd. nw ku th~n ~en t10) days in ~dv~++cr of ~h~ saP'u~tion of ~ach Po1KY. w dr
I~vN ro said %.WkiGAGEE • renew~l tF+Nwf. to~~hK wi~A a receip~ (w :Ae puniwn of wch r~new~l; u+d ~hsr~ shstl b~ no fir~ w windstam tnswano~
plac~d on aey of ssid buildinps, any interat Mer~~n or p+?t ~herwf. unteu in ~M forni snd wi~h th~ lou WYabl~ ai ~fo«s~~dj and Fn rhe ~vent any swn
of monty becana p+Yabb w~der sucA policy or polkies s+~d MORTGAGEE shall haw rM optan ro receiv~ and apply rM sarr~ on accoum o~ ~M i+~dsb~ed'
neu sscwsd Mnby a a permit sa~d MORiGAGORS ro receive and us~ i~ or any ps.t rhereof !w e~her purposes, w~~hour ~hxeb/ wa~vi~y a. unpaK-
;ng ~ny pu~ry, I~n a riph~ w+de~ a by virtw of this mo:t~aptt and in tM ~vent s~~d MORTGAGORS sMll iw any reawn iail to keep tM satd p+~misef w
insurod, o~ tail ro deliver pranpNy ~ny of ssid polKies of in~v~sncs ro s~id MORTWIGEE. or fa:l promptly ro p+y }~ily ~~y premiwn ther~fa or in any
respeet fail b pe~foan„ dixha~ge, e:ecvte, effect, compl~t~, comply wi~h and ~bid~ bp ~h~s cor~nant. a+nY par~ herw(. s+id MORTGAGEE may plscY +nd
full fs~no~n~ of s+ch ~nd ~nry wcA payment sha~llV b~ ~irtined~atsNfdw +nd py~bh and ih+llv~beu «teges~ from~
th~ Jahvihasofiuntil pa'd, Mui,adq,ol f
nln~ pN ca?twn pM anrwm and to~ethe~ with wtA interesl sh~ll b~ aec~red by tM Iwn of this nart9sqe. ~
To permit. comnut w suffer no wute, imp+irment or de~aioratan of iaid propeny o~ anY P+r1 tl?Nwf. ~
S. To pay all and siap~l~r the~cosn, ch+ryes ax! eapenses, ie+cli+d~rg + re+sonable anaorys fee +nd costs of ~bstrxts of t~tl~. incurred or pa~d
a~y time by said MORTGAGEE. becaus~ w i~ the ~vent of ~he ia~lw~ oe~ the p+n of the said MORTGAGOR w dub, promp?b +nd fuuy pe.lorm, d~schu~
e:ecut~, ~ffect, camplere, comply w~th and ab~de by each ~nd every the stip~lsr~ons, agretma?ts. cond~tions, +nd covenann of s~id promissory nore u+d th~~
morty+pe +^Ir a ei~ha. u~d sa~d cosn. chuges and ~xpen~es, each and every. sh~ll be immediately dut ~nd p~yablr, whetl+a or not fher~ b~ not~ci dr
mand, anempt to oolkct w swt p~nd~ng: and th~ fvll xnouM of exh u+d evcrY wch p~yment sAall bea. inreresr from tAe dat~ thsreof w?ril p~id a the
rate of rNne per ctntum per an~wn; u~d a~l said costs, chuges and e:penus i~turr~d or p~id. eogethe~ w~th ivch inters~t. sMll b~ sscwed bp tM li~n af tl+y
^arp+p~• -
b. 1'h~t in ths svent of any brcach of th~s Mortg~yt w defwlt on the p+rt of the AFORTGAGOR, or (b) in the event any of u~d sums of ma~ey
herein refNred to be not prompny and fully paid w~th~, ~Mrry (30) days nex~ afre. ~he same u~eraiy becane due •nd payabl.. withart demand a notice.
or (c) in th~ ~wnt e~ch and every the stipulatioea. a9raa+k~ts, conditions snd coven+nn of sa~d promissory ~ote and th~s mat~age +ny or e~ther a~~ nol
iu!y, promptly and fulty pe~formed, d+scharged, eaecu~ed, eifecred, campkted, compt~ed with and ~bided ~ay, thert in e~~her ot ~ny such eveet ~M s+~d ag-
pregaM wm memia~ed in said promiswry note then remaininp uepa~d, wirh iroaest acu~,ed. and all mamys secured hereby. shall 'xcom~ dw and pay-
ab~e fwthwith, Of fF1lfNfiN. at fhe opiion of uid MORTGAGEE, u(ully ~nd comple~ety as it atl of tl+e said .swes of money wcre or~g~na~y snp~uted
ro be pa~d on wch day. anything in sa~ promissory note or in this Mortgage fo the tontnry notwirhstu~ding; snd thereupon or there~fter at ehe op~ion of
sald MORTGAGEE, v?iehout norKe w demand. wi~ +t lawr or in equ~ty, thaefwe or there~i~er begun, m~y be prosecuted a iF ~II naneys secwed hereby
nad marwed ptw. ro~n inst~rurion.
7. Th~t in tM evc~t ~hat at ~he begin~rg of or st any time pendrg wy w~t vpon this Mortgage, or ro fo.ectose ir, a to refwm it, or to enfwu
payrnenl oF any claims haevadd, said MORTGAGEE shsll apply t~ tAe Cou~t having jurisd~ttion thereof 1or Ihe appantmer?t of ~ Reteiver, such Cowt shall
fortliwith ~ppoint a receiver of sa~d mortgaged property ~II u~d singular, includ~ng all and s~rgular ~he income, profits, issues and revcnues f~om whateve~
wurce derived; esch and every of wFi~ch, it bei~g expressly understood. is hereby mortgaged as if spec~fically set iath ~nd desuibed in the pr~~riny and
habendwn davses hereof, and wch Reuiver shall have sll the brwd snd effecrive funct~ons and powas i~ a~+ywise enuusted by a Co~rt to a Receiver. and
s~ch appointment shall be made by sucl+ Gourt as an admifted eqvity and a matt~~ of absolute right to said MORiGAGEE, and without refere*~ce ro the
adequicy or in+dequacY of the vslue of ~he propcrty mortg~ged w to the savency or insolveocy of said MORiGAGOR or the defendants, and ~hat such
re~+s, profits, income, issues and reverwes sh~ll be applied by wch Receive? xcwd~ng to the lien w equity of said MORTGAGEE and the practice of sucA
Court. ~
8. To duly, prompty sad fully perfwm, d'achsrge, execute, eifect, complete, comp:Y with ~nd abide by ead? and every the stipulatiora, sgrec.nenb,
conditions and coven+nts in said promissory rote and this mutgsge set fwth
9. iMt in the event the ownership of the mortgsged premises. a+ny part thereof, becomes vested in s person other thsn the MORTGAGOR, the
MORTGAGEE, in s~~ccessws and augru, may, wi~hout notice to the MORTGAOR, deal wiih such successw or successor in ~nterost with relerence to this ~
morfgape and the debt hereby secwed in the same manner as with Mwtgsgor w~tho~rt in sny way vit~~ting or d~schuging the Mortgsgors' li~bilitp hero- ~
under a upw? the debt hereby secured. No ssle of the Fremius hereby matgsged and no fabearance an the part of the MORTGAGEE or in successors
or aui9~s and no e:tensioo of the time fw the payment of the debt hercby secu+ed given by the MORiGAGEE or iri successors or suig~u, shall oper~te
io release, d~achar9e, modify change w affect the org~nal Iub~Gry of ~he MORTGAGOR hercin, either in whole w in put. ;
10. It is speciiicslly ag.eed that time is of the essence oi this contract and that no wirver of any oblgauon hereuoder w of the oblig~tion se-
n,red hereby sh+ll st any time nc~reaf~er be held to be s waiver of tF+e terms hereof or of tF+e instrument secured herby.
11. In add:tior~ to the forcgo:ng monthly payments of prir.~ pil and intcresr requ~red by the prom~ssory nore secured hereby, mortgagor covenants
, and ~grees to pay to mort9agee with csch monthly paymeot an add~rionsl sum estimated by mottgagee to be equsl to 1 J12 of the annwl cost of the folbw-
'ng:
A-All re+l property t+:es kv:ed a asxssed against the above deuribed reat estate.
B-Premiums o+~ fire and windstwm insur~nce as herein requ'aed to be carried on the improvemenri sitwte on the ~bove described premises.
C-Prcmiums on wch mortgage guuanty insurar.ce as mwtgagee shall from time to time deem fit to urry on the loao setured l~ercby.
' Mwtgsgee shall from time to time ratiiy mwrgagor in writing of the amount dve and paysble hcrcunde~ and such sum shall therevpon be dve and
payable on the dve date of ~he next monthly payment and exh successive month thereafier urtit mortgagee shs!1 noGfy mortgagw of a change in such
amount. Such svms shall be applicd by mortgagee toward tl+e payment of real prop~rty ta:es, inwrance prem:ums, and mortgage guaranty insurance
~ premivms.
Y IN WITNE EREOf, uid RTGAGOR hss hereunto set his hand and seal tht day and ye+r first sfot id.., ,
~ presence of:
' ~ lO ~ ' (Sesq
. _
i , ~~c,(-~1 ~-C,c... ~
csNn
STATE OF FIORIDA ~
Saint Lucie u-
courrnr oF .
befwe me personslyl aQpeued E. B. W l~ll~ls a~
M11CII6C1 W 1111d~S his wife, to me well known and known to me to b~
the individusb desuibed ie and who executed the foregoirg instrwnent, and acknowledged before me that thry executed the same tw the purposes
rh~.~M .xa~d. Md r~ ~~a Mildred Williams
wite ot tM said E. B. Wllll~s vpo~ a xparate and privar~
e:amin~tiqf br me bken separate and apart from her said husband, xknowledged to ar+d before me that she execvted said irotrument freely and vol~n-
rarily and witho~t uqr compvlsion, constraint, ~pprehem' of or from he sband. ~~J
WITNESS my hand and offic~al seal thi d~y ./1. fi. 19~.
. . •
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Notsry Public in and for the Sute of.fbriEt'it L~ '
My Comrn~ss~on e~cpires: ' - . ~ = -
Retum T~: - ~ ' -
` ~ -
First Fcder~l Ssvings a Losn /lssociat~on . . ~s ~ ~ :
Of Fort P~erce. NOTARY PUBLIC. STATE ot FLORIDA d LAfd~= . ,
Fo?t P~ca Fbrida MY COIIIMISSION EXPIRES NOY. 29~ j96~•:
FILED t.NO RECORDED /ONDED TMNO(!pN FREO r, q~((~ ~ •
~ ST. ~UClE CCU[':TY. FL~. - •
R=.CCit:7 `J_~1~?Fp , ~
163165
'68 JA~! 2 A~I 9: 5 8
i.../~~~~~/Iv - t
. ~~~t~, ~ r ~~vi s t~..s ~
CLERK CIftCUIT COURT ~
ck }
~ saiK ~6~ FAG[ 25 77
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