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HomeMy WebLinkAbout2600 ~ To plan u?d con~inuously keep on eM buitd~nps naw o~ I»re~ft~r utvat~ on said land u+d on all puipr~eet u+d perwna~N cowr~d by this morr~ ~p~, w~~h ~U pr~nuw~q thenon pa~d in f~ll. t'u~ iniura~c~ in ~hs uswl uac~dard policy iorm, ~n + swn approwd by th~ NWRiGAGEE, ~nd wind~torm insur~nc~ in tM vswl uu+dud pol:cy fam. in •:um ~pptored by ~M MORTGAGEE. in wcA canpany w rom~a~ies as ~M AAORTGAGEE n++y dw~ds and ~U fir~ and w:ndswrm iniwana polK~es on ~ny of sa~d build~nps, ~ny tntKat the+ein w pa~t ~hs?wf. in tA~ ~ey~~~ twn ~forswid a in ~xcess tl~wf, sAali conuin rM uswl srandard mort~apN dwse w iucl+ al+K clws~ u ~M Mwr9agw :+uY nqvu~, maAinp tF» bss wws~ wid pol~ c~a, each ~nd ~v~ryr. p~yabk ro s~':d h~ORTGAGEE as in intaa~ may ~ppear. and e+ch +nd ~vaY tuch pol~cy ihatl b~ prompNy ~u~9ned and dtiivKed ro any h~td by s+id MORTGAGEE u fwtha secv~ity ro s+~d ma~~+g~ dcb~. +nd. no~ IKS th~e~ te~ (10) days in ~dvanct o1 tF?a e~ir~tion of tach polity. b da ItvK to said MORTGAGEE • re~ewal tAerwf, top~~h~. wi~h a rece~pt fw the pranium ol wch r~newal; ~nd ther~ shall b~ no fin w wi~d~tam ie?s~x~nc~ pl~ad on ~ny of aid buildi~ga, ~ny inte~est ~her~~n or p+~~ thKeof. unfas in tM fwin'ud wi~h IM lou payable as afa~s~id: ~-~+d in tM ~vent ~ny suen of moeKy bscanes payab~e wwla wch policy or poliues s+~d MORTGAGEE shall haw ~M option ro receiw wK! ~pply tM sarn~ on ac~?nt o~ tM ind~b~ed~ n~u secvred Iwnby a w pe~m~t ssid MORTGAGORS ro reuiv~ u~d vs~ it or any put th~rco( fa onc~~ purposes, wi~hout ~FIYED/ waivi~.9 w anpair- irg «+Y pvity. liu~ or ri9ht unde. or by virtw of tlus mortyaqe: and in ~M ~vent w~d MORiGAGORS ihall fa ~ny reason fail to keep rM s~~d p~~m~ w ~nsured, a(ail w deliver promptl~ ~ny of said policies of irounrw w sa7d MORTGAGEE, or fa~l pr«nptly ro pay fvlly any pe~niwn therefw a in any nspect fail w pK(ain, d~ich~rge. ex~cvt~. ~ffec~. compl~t~, comply with and ~bid~ by th~s covenan~, o~ any put her~of, s+~d MORTGAGEE ma~• ol~ ~nd paY fw wch imw•nc~ a+ny part th~.eof wiThout watvinp a aff~ctinp any option, lien, equity. o? ripM undN a by vinw of this Ma?yap~. and ~he full ~moum of s~ch ~nd ewry wch WYment sh+tl bs immediarely du~ and payabb u?d shalt bear it?ferest ftan tM daH thtreOf w~til p~id M rh~ raa of nine pK cenrum pK anwm and ro~e~Aer with aucA interei~ shill be secvrod by the liee ~ of tAis morpape. 4. To psrmit, commit or a~ffa no wu~~, in+paament a de~erioration of sa~d prapcrty or +ny p~rt thenof. S. To pay ~II ~nd swgular ths.cost~, chuges and expeiws, i~?ck?diny ~ reason+We attwney's fee ud casts of abstncri oF tide. ~ncurred w p+id ~t ~ny time by sa~d MORTGAGEE, beuus! w in the even~ of ~ht iailure on tl+e pa~t of the said MORTGAGOR w duly, pranptly ~nd fvlly perform, dwch~~gR .:ecut~. ~(feu, oanpkt~. compl~ w~th and ~b~d~ by ~+cl+ and every the stipuls~~ons, ag~eemenn, mnditions snd cownann of sa~d pranissory not~ and ~hu maryap~ any or ec~her. aed sa~d cosn. ch+rpes u~d eapen~es, esch and ~very, shall imrned~ately dw u~d parsble: wh~~her or not ~her~ be norice d~ mand, ~ttempt ro colkd a wit pend~rg: a.~d tM full amo~nt of aath and every such psymdN sh~ll bta? imerc~t from rh~ dare tAereof unNl pa~d a: the rate of ~e per ccntum pe~ arnwm: and a!1 sa~d cosrs, charges u~d expenses ~ncwred w paid. to~aMr w~~h wch int~rest. sAatl b~ secwed by th: i~en of tlus ^wrt9+Qs• 0. iMt W in thr event of any breach of this A~.ortgspt or defwlt on N~e p+rt of tl+e 1NORTGAGOR, w(b) io the we+N u?y of s~~d svms of mon~y herein refened to be not pr.wnptly and fully p~id wi~hin thuty t30) days neat after the same s~+vaatly become due snd payable, w~thow dem~nd o? notice. or (c) in the event esch ud ewry the stipula~ions. ~9reements, condcr~ons ~nd coveeWnn ot sa~d pomiswry oote ~nd fh:s mwtgs9e any a ei~her are no1 i iuly, p~omptly u~d fully pe~fwmed, d~xharged, executed, effected, completed, compl~ed w~~h and ab~ded Sy, then in e~ther w• ~ny such ~vem th~ sa~d a~ ~ ~reyyt~ wm memioned in sa7d promissory note then rem~ininp unp+id. with interest ~cuued. ~nd all maxys secured hereby. ~hall becane dus and pay- able fath.v~th, Of tI1lfNI1N. at the opt~on oi sa~d MORTGAGEE, u fuUy and comple~ely as ii all of ~he said sums of n+oney vrere or~p~nally it~putated to be pa~d oo such day. anything in sa~d prom~ssory note a in this Mortgage to ~he con~~ary no~wi~hs~snding: and thereupon a thereafte~ at the op~an of ?a7d MORTGAGEE, witfioul ratKe or demand, svit ~t la~r a in equity, tI1HlfW~ O~ tAHNIfH ~Ylf m+y be prosecuted u if sll moneys setured Aereby had rIHTWld pfW~ to its iMtitution. 7. Th~t in th~ evenl that st the beginn~ng of or ~t any time pend~ng soy wit upon this Mwtg~pe, w ro forecbse it, or to refurm it, w to enforos psyment of a~y claims he.eunder, said MORTGAGEE SFNII i~Iy lO fF1! COY/1 INVil19 ~UfiSdiCliOf1 tFllflOf ~Of tIl! ~ppWflff~fpfN Of a RKl1Vlf. such Cuw1 sh~ll fortliwith ~ppoiM s receiva of said mortgaged property all u~d singulu, includ~ng all and singulu ~he income, prot~n, iuua and revenues fron~ whatever source derived, esch and every of wFi c~ch, it be~ny expressly unde.s~ood, is hereby mor~gaged :s if spec~fKaly se~ fa~h snd descrlbed in ~he 9ran~irg and hebend~xn davses hereof, u~d wch Receiver shall Mve all the broad and effective funcrwns and powers in ~nywise entrusted by ~ Court to a Receiver. +nd s~ch sppointmenf sfull be made by svch Court as an sdmitted eqvity and a mafte~ of absolure right fo said MORTGAGEE, ~nd without reference to th~ adequ+qr w in~dequ+cy of the vatue of tF~e property matgaged w to the sonre~cy or ~nso~veeKy of said MORiGAGOR w ~he defendants, and ~hat such renn, profin, income, issues and revenues sh+ll be spp{ied by such Rece7ver accwdin9 to the lien or eQuity of sa~d MORTGAGEE and the practiu of such Court. 8. To duly, promptly and fuily perform, dxhuge, execute, effect, c~omplete, comply with u~d +bide by each and every the stipulatans, ayreemenn, conditions and covensnts in sad promissory note and tlas mortgage set iath. 9. That in the event rhe ownership of the mortgaged premises. w any part tF~ereof, becomes vested in a person othcr th~n the AIIORTGAGOR, tl+~ MORTGAGEE, iq svccessws u+d auigns, may, witFw~t notice to ~he MORT6AOR, deat w~ih such wccessor w successo. in ~nteresf with rc(ere.Ke 1o thia mortgage and the debl he•tby sctvred in the aame msnner as with Mortgagw without in any way vitialing w dischuging the Morty~gors' liab~lity here- under a upon the debt hereby secured_ No sale of the pr~m~ses hereby mortgsged and oo fwbe~rance on the put oF the MORTGAGEE a ib s•,rccessors ~ or ~uiyiu +nd no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE w its successon or usigns, shaii ope:ate to release, diachuge, nwdif~ change a af(ect the original li~b~fty of the MORTGAGOR he~eu~, either in whok w in put. 10. It is specifically ag?eed that Y~me is of the essence of this contrac~ a~d that no waiver of any obligstion hereunder a of the obliy~tion se- ci,red hereby shall st any time thereafte~ be heW fo be a w~irer of the terms hereo( or of the instrument secured herby. I 1. In ~dditan to the forego:~g monthly payments of prin~ p~l and intcrest required by the pran+sswy rore secured hereby, mo~tgagor covenanri , and agrees to pay to mortgagee vrith each monthly pay.~t an add~r'wnsl sum es~~mared by mortg~gee to be eqwl to 1/12 of the annual cost of the follow- 'ng: t A-All real properry taxes kvi:d or assessed agai~st the sbove desc.ibcd real eatate. i B-Premiwns on fire and wit~dstwm insur~nce as herein requ~red to be carricd on the improveme.~ts situate w+ the above desuibed premises. C-Premiums on wch mortgsge guarsnly inswancc as mortgsgee shall from t~me to time deem fit to csrry on the Iwn secured hereby. 1Norfgsgee shalt from time to Y~me notify mortgagw ~n writ~rg of the amount due ar~d pay~ble hereunaer and such wm shall thereupon be dve snd payable on the dve date of the ne:t ma~thly payment and exh successire month thereafter ur.til mwtgagee ahall ratify mo?tgagor of a change in wch an+ou.~t. Such sums shall be ~pptied by rtw~tgagee ~oward the payment of resl propeAy taxes, insurance prem:ums, and mortgage guaranty insurance premiums. N ITNESS , the said MdRTGAGOR hss hereunto set his hand and xsl the day ~nd year fint sf~ id„ and liv d in the pesence of: /J ~ +4 ` ~ ~ i a..q STATE OF FLORIDA ~ _ St. Lucie couNn oF - oefore me penonally sppeared Hilaire B. Campbell Katherine M. Campbell his w;fe, to me well known and known ro n+e to be the indnridwb described in and who executed the foregoing instnxnent, ~nd adcnowkdged before me that they e:ecuted the same ior the pwposes r~«M .~.~a. a,a ~n~ ~~d Katherine M. Campbell w~re o4 t~+. said Hilaire E. C~npbell „por, ,,~p,.,re sna p.iv~r• e:am~tan by me taken scparate and apart from her said Iwsband, acknowiedged to +nd befwe me that shs e:ecuted said irotrwnent freely and volun- tuily ~nd w;~hout arqr campulian, constraint. ~ppreF~ensron, or fex of w from her ssid husbsnd. WITNESS my hand s~+d official seal th~s ~0~ day of December A. D. 19 67 ~(~i~+V?i~+ Noary Public in and fw the State of Fbrida ~t L~rp~ My Cortvnasion e~es: ~ / Retum To: Fint Feder~l S~vings 8~ losn Associat:on MOiAR~ PUBLIC. SiA't[ 4F tcLi.:JA AT URiE of Fo.r P;erce. MY COMMISSION E:riKfS NOV. ~6, 1971 ; iOnOED Tnwt~Y~.M FK_O M~- O~E31tLMONlt Fort Pierce, fbrida FILED ~•ND RECORDED ~ l IE COUlJTY. FLA. ~ ST.aU~ Rt' `•":-r~`~Ffl ~ - 1 _ ~ ~ - , .~`3~~ : 58 - ~ i ~ ; _ ` = sa ~A~ _ ~ = - ~~~a''~u=~ ` ~ ; • i: i= ~Oi ~ P: ~ '::T ~ R.,,``'' - CL~RK CIftCUIT COURT . • B~7K r 4"~ 1 ,~.t~ . ~ ~ ~~~~581 y_~