HomeMy WebLinkAbout2598 To plau u~d con~irwo~slY kNP a+ ~l+~ euiid~ros now o~ ha~after sitvit~ on said land and oe~ ~I~ eqvipment uid pK~onally cownd by thi~ tnor~g
p~, wi~h ~q premiw~a ~hsrwn pa~d in fu14 iKe uuwu~a ~n tM viwl ~~~idud pol~cy fonn. ~n a svm approwd by tlK MOR~GAGEE. and windiro.m
tn~w~ h t1r ~nual uandard po1,cY (a~n, in ~ wm +pprowd by rl.~ MORTGAGEE. in wch ~omW^Y a ca^P+~ti s+ t!y MORTGAGFE may
duedt aU u~d w~~o.m inswanc~ policies on +ny of said buildiegl, MIy GrtHqt tFlHfin W pY~ IIN~MI, in tM sp~re9+q iwr? ~for~sald ot
In ~xass ~hs~~oi, ~1 contain ~M vswl :~M+dard mortys~e daus~ w such orher ctaus~ a tM Mortpagee m~y rp~a~. ma?inp rM bas ueda iaid poli~
c~s, tsch and ~vs~Y. P+Y+bM b s+id MORTGAGEE as ~b interest may appau. ~nd each and tvery such po~icy thall b~ p~omptly ass:~ned snd d~tivered ro
any MW by s~id MORTGAGEE aa fwthar s~svritp to s~id ~ratpa~ d~W. and ~W ksi tMn tM (10) days in ~dvance ot tl+~ ~ap'uation of ~ath polity. w dr ~
liva to s~id 1NORTGAGfE • renewal tl?~~wf, ~op~~iw~ wi~h ~ recsipt fw tM p?aniww of sucl+ r~xwal; ~nd ~hen sh~il b~ no fu~ a w~ndseam Ins~r~ j
pl~pd on ae?y af w~d buitdi~gs, any inta~st tM~e~n w p+rt rhK~of, unless in rht fon+i ~nd w:~h ~M loss paYable as ~fa~~~d; ~nd in tF~ ~vent any ~um
gs,
of nan~y btcan~s P+Yibk unJ~r such politY or Pobcies said MORTGAGEE slall haw tM option ~o roctiw and ~pply tl~ sam~ on ~ccovnt ~ th~ ind~bted-
rxu yscvr~d hNepy p 1p pttmil s~id MORTG/1GORS fo ~cce~w ~nd us~ i1 p ~ny ~srt thereof (w onc~~ pu~poses, w7~hour threb~ waiving a unpair-
~^9 +^Y ~4~+~b. I~en w riph~ u~de~ a by virtw of ~his nwzt~: u?d in tM ~vent s+~d ~~ORTGAGORS ahall fw ~ny reason fail to keep t:w u+d pnm~ses w
inswsd, w f~lt w dsliva prwnptly any of said policies of insun~u ro said MORTGAGEE. w fail pomptly to paY fvlly any premivm tl+Hei y w io ~ny
~espect fail b pe.1«m. d~uhug~. execut~. ~fFect. complert. compb wirh ~nd ~b~d~ bp this coven~nt, a ~ny pa~~ har~of, said MORtGAGEE may pl~ce u+d ~
P+r fa sucl~ hawinn or snY P+~ th~reof wi~hout w~lvi~g or ~ffac~inp +eY aW~on. ~i~n. ~qv~hr. w rght und~r a by virn,~ of ~his Maroap~. and ~he ~
f~11 ~wn~ of e~d~ ~nd ew.y such paymMt ~I++11 b~ imn?ed~+tsly dw and payabb ~nd sh+ll beu intere~t frorn th~ dat~ thereo( until pa~d M ~M rar~ ot ~
niM pN CMhMn p!~ ~NMM? ~nd fp~llhlY with wcA inee.e~~ iMll bs s~cured by tl+~ lien of tha mwt~+pe. ~
1. 1o pu~nit, oo~rr~nwt or s~fier no wuq. imp+irment or dete.anran of said prop~rty or ~ny put thc+wf. ,
5. To pay all u~d sirg~lar tl+~ sosts, chupes and e:penses. indvdirg + re+son+ble ~ttor^eY~s fee and cosn of ~bsnscts of tiNe, incwred w paid ~t ;
any time by s+~d MORTGAGfE, becaus! w in the evMt of the failurt on th~ part o~ the said MORTGAGOR to duh?. pranpthr +~d fi+~~Y Perfwrn, d~xhug~t
e:enrte. tfted, compkte. co~nph w~tfi and ab:d~ by each and every the stipulauora, a~~eements. conditian, sed cove~nb of said promissory eate and this
mat9+pe +nY w ~i~her. and sa~d cosn. chuqes anA eaperKes. each w+d ~very. shall b~ anmediately dw ~nd pay~blr, wheths~ a not there i~e aotice dr
m~nd, ~ttempt to collstt w wit peodng: and tM full ~rnount of sach and ew+Y s~rch psYmN+t sh+ll be~? tnures~ frwn the date thereof ~ntil p~id ~t the
rate of nine per ccntum per urwm; u?d a~~ s+id cbtts, chuges and cxpenses ~ncwred a paid, wpether w~th svch intszei4 shall bt sscured by tM Ii~n of t!w
n+o??0+~-
b. flat (a) in tM ersnt of ~ny breach of th~s Mort9+p~ or defwlt on th~ part of the MORTGAGOR, a(b) in the event ~ny of ~a~d swns of mone~ ~
he?ein r~ferred w be na prompny and tully paid withi~ thirty t30) d+ri ne:t aftx the same sevaally betome dve ~nd pay~bl~. wi~hout demand a aotice.
or (c~ in th~ ewnt e+ch u+d every the stipubtions, a9reements, conditions and coven+nn of s+id p.anissory note ~nd th:s matgape any or either are no1
ivly, pranpNy u~d fu11y perfo~med, d:xhuged, execu~ed. effected, tanpteted, campl~ed w~~h u~d abided '~y, then in e~the~ w any suth event tFw said ~g
9rt~tN sum mentip+~! in s+~d PromissorY not~ then rema~ning unp~id. with imeres~ acuued, ar+d all moneys secwed hereby. shatl becwne dw and pay~
able forthwith, a the~e~fter, at the option of said MORTGAGEE, u f~lly and comple~ety as if all of the ssid sums of moasy were piginally stipubted
to be pa~d on wch day. anythinp in sa~d prom~ssory note or in this Mortgage ro tM com.ary notwlths~snd~np; ~nd thereupon a thereafter at tM optan of
said MORTGAGEE, without ewtice w dem+od, wil at la~v w in equiry, thereFae w thereafeer begun, may be prosecuted u if aU ~noneys secured hereby
had matured prat M in ins~irv~ion.
7, Th~t in the event that at fhe begiN+irp of or ~t s~y time pendtng soy wit upon this Mwtgsge, w to fweclose it, or ro refwm it, or fo en(wc~
payment of any d~ims I+e?euexler. s~id MORTGAGEE shall apply to the Cwrt having jue~sdKtion tl+ereof fw tl+e appantn?ent of a Receive~. wch L.:vrt sh~ll
Fwrliwirh appoint ~ nteiver of said mort9aged property all ~nd singvlu. inciud~ng all and si~gular Me income. profits, iswes ~nd revenuea from whatever
source derived. each u~d every of which. it beirg expressly u~+de.s~ood, is hercby mor~gaged as if spec~fically set fath and described in the y.anting aod '
habendum tbuses hercof, ~nd such Receiva shsll Mve all the broad snd effective funct~ons and povras in anywise entrusted by s Court ro• Receiver, ~nd
such ~ppointme~t shall be made by such Court as an sdmitted eqv~ry and a m+tter of absolute right ro said NWRTGAGEE, ~+d withou~ rete~ence to tM
adeqvacy w in~deqwp of ~he vslue of ~he p~operry mo?~gsged w to the so+ve~cy w inse~rency ot said MORIGAGOR or the dcle.~dants, u+d ~hst such
renrs, profita, income, asves and revenues sh~ll be applied by such Receive~ accwd~ fo the tier~ or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, pranptty and fully perfwm, discha~ge, execute, effect, complete, comply w~~h u~d abide by ead+ ud every the stip~rlations, agroements,
conditaro and covenann ~n sa~d promisswy ~e and th~s morfgage set fwth_
9. ihst in the event the oNrne~ship of the mwtgs~ed premises, w ~ny part thaeof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, irs succeu«s +nd augns, may, wirhou~ no~ice ro the MORTGAOR, dcal wi~h such wccesso. or succeuor in interest wi~h refe.ence to this ,
mortgige u~d the debt he~cby secured in the sarne mamer as wi:h Mwtgagw without in any way vitiating or dischuging the Mort9agors' li~bility herr ;
under w upon the debt hcreby secured. No ssle of the p~em~ses hereby mortgaged and ra fwbe+rance on the part ol the MORTGAGEE w its successors
or auigns and no e:tensron of the time fw the paymem of the aebt hereby :ecured g~ven by tF+e MORTGAGEE or in successors or ~ssigns, ahall operate
to rekase, d~xhu~e, modify change cr afFect the aigMal liab;lity of ~he MORTGAGOR herein, eithe~ in whole or in put.
~ 10. It is spedfically agreed that time is of the esse*+ce oi this contrsct and th~t no waiver of any oblgaian hereunder or of the obtig+Yae sr
a,red hereby sha11 at any time ~herc~Fter be held to be a waiver of the terms hereof or of the insrrurrKM secured herby.
I 1. In add~ian to the fwego:ng monthly payments oi prin~ pDl and interest required by the promissory note secured hereby, mortgagor covensnts
. and agrees to pay ro mor~gagee with each monehly payment an additional sum estimated by mortgegee to be eqwl to 1/12 of the annwl cost of the follow-
ing:
A-All re~l property taxes le~ied a assessed agai~st the above described resl esUte.
B-Prem~ums a+ (~re and wirdstorm inswance as he?e~n reqv~red to be orrGed on the improveme~n sitwte a? the sbove described premises.
C-Prert~iums on suth mortgage gvua~ry i~sursr.ce u mortgagee sha~~ from t~me to time deem fit to nrry o~ the ban setured hereby.
Mortgagee shall from time to time ratify mwtgagor :n wriGng of the amount dve and psyabk haeunder and such wm shall ~hereupon be due and
payable on the due date of the neat monthly payment and exh successive month thereafter ur.til mortgagee shall notify mortgagor of s change in sexh
amount. Such sums shall be applied by mortgsgee toward tl+e payment of real property t~xes, insurance prem:ums, and mortgage 9ua?anq insurance
premiums.
~ I IT SS WHERE s~~d MORTGAGOR has hereunto set his hand ~nd seal the day snd year first sforesaid.
eli ed ' he prese of: ~
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STATE OF FLORID4 ~
Saint Lucie
courmr oF
~f«~ ~ ~~uy ~~a.~a Claudia S~nerlin
i+is ~rite, to me well krawn and known to me to be
the indvidwl~ described in and who executed the foreyoing instrument, and adcrawkdged befwe me that ~eexenrted the same fw the purposes
therein expreued. 1tr~ih~irJ -
w11l~i011i1~1a~ ~~PC?~Yfl~1f~1R'7fktplN~1~
-ncwwiiwfiow-b~+ne-uke~rsepuste~+~~pr*ltenrfiai~/+usb~nd; ~dtnowkd~e~to~+d~b~Ave~rn~tMlihr~eftetete~s~M~lnsnuer~w'heely~aml~oknr
~~idT w~d~est wq tornpe~bien-evna~rsinr,-~pp~e4~nsieR -vr Teref ~r 4rerR I~e? ~b~nd.
WITNESS my Fw~d u+d offidal seal this-a~~ d~y of ~ A D. 19 ~ 7
Not~ry Public in ~,d for the State of fbrida at luye
My ~x~~: i~-ab
aeturn ?o:
wsr Fdersl Ssvirgs a~ox, ~ssoc~,r~w+ • MOTARY ?DBUC. t~ATE OF FL~..~~A A? lAitiE
Of Fwt P~erce. MY GOMMISSION t~tYlSt[S 1~OV. Zb, 1971 i~~~
~ONDEO r..........M s w . '
_D M4 D~EiiCLMOAf1 ~ •~~~'q .-j~~~
Fort Pierce, Flwida • t ~
~ J'~~~
' ' FILEO AND RECORDED ~ ; : ~
ST. LUCtE COU~:TY. FLA. ~ - ~ - ~
Rf COR[? :'~FIFIED = _ c ~ = ; -
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'68 JaN 2 A~ 9: 58 T;~ _
J~~o-c.l C'~ . , . . .
n?:;~~ ~~t7~Ta~S ck ~
CLERK CIRCUIT COURT d~K16g P~25 ~9 ~
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