HomeMy WebLinkAbout2715 r v i~;~1~ t~C`,'~ i
To plac~ u~d contLwouslY k~+P on tM buitdi~gs now w he«ahK sitwt~ on said 4nd and on all equip~nent and pason~IN cownd bY this narq~
p~, virith ~II premiuns thereon pa~d in fvib fin inswu~c~ ~n th~ wwt sundard poticy torm. ~n • swn approwd MI ~ MORiGAGEE. and windsrorm
iro~anc~ in tM uswt ssandard pol:cl? fwen. in • wn+ approwd M~M MORTGAGEE. in wch coenP+nY w coenp+nies +s tM MORTGAGEE nwy
dr~p: and dl fu~ ud w~ndsacen inswano~ polic~es on ~ny of s+id bvildinys„ a~y i~N.est tMnin or part thKeof, in tM ~pa» ~wn ~fwaaid a
b~aoas thsnof, slNll comain t!k uswl standard morpa,~e clws~ or s~tA otl~ dws~ a th~ Map+p~+ m+Y ~V~+w~. ~^+w^0 ~ ~ P°~'
tiM. ~+ch and tvKY. P+Y+bi~ w s~id MORTGAGEE u its intaat may ~ppaar. and ~~ch ~nd tvKY s~A P~Iiey iA~ll b~ prompth us:9n~d and dtli~Ned b
~ny h~W by said MORTGAGEE u fwthN secwity ro s+~d ^art9+y~ dsW. +~d. no1 tas ~Mn te~ l10) d~ys in ~dvanc~ of ~h~ exptr~rion of ~ach po~~cl?. to da
l;vrr b wid MORTGAGEE a rsMw~l ~Mr~of, wQaM~ with a ncapt for tl» paniwn ot wcl~ .~n~w+lj and then sh+ll b~ oo fi?~ w winds~am jnsw+nc~
pl~ad on +nY of s~id build'ags. ~nY inta~at tMr~in w pa.t tFwreof, w+tess in dr fwrn'u~d wi~h th~ loss parable ~s ~fons+id: +nd in ~M ~wet any swn
of mon~y becwnp pay~hM wKl~r w~ch pol~r w po1K;~s s+d MORiGJ?GEE shall Arw ~M optan a rscNw and spply tM swM on ~ccow?~ 01 ~M ind~bted~
n~ss s~cyr~d ha~py p~ q permit said MORTGAGORS to rKtiv~ ~nd we il or ~ny pxt thereof fa othea purposes. wi~hout ~hs~eb~ waivi~y o~ m+pa'a-
tnp anr ~V+Nb. lien or riph~ vnder a bp virtw of this mortQ+y~: and in d+..veo~ wd MORTG~?GORS sha11 tw a~y r~ason f~il ro ke.p ~M s•d p~.mises w
inswed. a f~il a d~liver Pra+nWh +eW of said pol~ci~s of insw~s ro s~id MORTGAGEE. o. t•~t ~o~+a?N w P+r t~,uy ~ny premw~+ rher~lw a in any
n~ped fail b perf«~n, d~sch+?9~. ~aecvt~ ~ff~et. compl~t~ oomply wirh ~nd abid~ by ~his coveoar?~, w any ps.t herwf, s~id MORiGAGEE may place ~nd
WY fa such Law~ or any p+rt the~eof wirhout wdvirg or afhctirg +np op~~on. (ia~. ~4~?ib. or rght ~x~der w by vi?nM of this Mo.t~p~. and the
full amowu of tach and ew*Y such WYmeM sh+tl b~ iminediat~lY du~ ~nd p~yabl~ and sh~U beu intersst kom th~ d~t~ thereof ~x?til paid ~t th~ rat~ ol
,NM pp ce~+ewn pa ~newm u~d togeU+a wirh such interes~ sh~1l b~ s~cwed by tht G~n ot fhis map+pe-
1. To pumit, coenrnit a wffe~ no waste. impairment or deterar~tion of said propKty a~ a~y p+~
S. To pay ~tl and sirg~tar tMtosts, chup+s +nd cxpenses, incl~dinp ~ rasonabb ~naney's fee u~d oosa of sbsnsds of titt~. kKUned o. p~id at
•ny time b~r s+id MORTGAGEE, b~cws~ w in ~M ewnt of the failun on the put of tM ssid MORTGAGOR w duh?. pro~nPth? +nd fv11y pKforen, d~sch+r9R
exec~t~, ~ffect. canFlen. oomplY with u~d abid~ bY ~sd~ and ewry the stipulations„ ~g?eerrKnn. conditions, a~d covenants of said promii~ory eaN and t!w ~
~~9+W +~w w e~rher. and sa~d cosn. ch+?~ and e:peroes, esch and we~y. shaQ b~ immediately dw and p~yaW~: whether or na rher~ b~ ~ot~ce ds ~
m~nd, ~ttempt to colkct w s?it p~n~rg: u~d tM fvll anwwN of each ud aw~y wd~ p+yms~?t sh~11 bea~ intcrest iran th~ date thereof vn~il p~id a1 the ~
rate of n~ne per ccntum per stiwm; ~nd all sa:d ccsn, chu~es uid expenses incwred w p+id. ~o~ether w~th such inter~at. shal! b~ aec~red bp tM lien of tFd~
narq+p~- ~
e. 'I}~t in ths event of ~ny beach of this Nbny+p~ w defa~lt on Nr pan ot the AIIORTGAGOR, w(b) in th~ eva+t sny of s~~d suem of mon~y `
her~in r~fe.rcd w b~ not p.aoprq snd fuly psid withie? Ihirty (30) days ne:t after the same sevdally become due and payaW~ wiihou~ dema~+d a no~ice,
o? in rh~ cwn~ e+ch +nd erery the sr~pula~io~u. ~gree~nenn. cond~ians and coven+nn of wid promisswy note snd tlrs mat9ag~ any a eitAer ~r~ 001
~u
~+hr. a~~r +~d ~ny ~«~+Kd. d~scharped ~aecuted. effecred. canPkted, comPlled wi~h and ~b~ded `~Y, then ie~ eitl~ w ~ny such went ths aid ap~
pre~1~ sum nKntiened in said promissory not~ thee remsinieg w~paid, with iroe~est scuuc~d, and all moneys setwed hereby. ~MII becane dw aex! pay~
~bN forthwith, w tf+ersaher, at the opran of said AWRTGAGEE; u fully and canplaeh u ii all of the said swns of ma~ey wcn orgu~ally st~pufated
eo p~ pa;d an such day, anyt}~;rg in sa;d prom;uory rwte w in this Mortgage ro ths contruy notwi~hstanding; ~nd ~iroreupa~ or there~ha at th~ optan of
siid N10RTGAGEE, w~thovt not~ce or der:a~, svit ~t ls~r w in e~oity, the*eforc or thereafrer begun, m+y be prosec~ted u if all nwners s~cured hereby
hiJ mifWtd priOt M iri i~utitVtiOn.
7, Th~t in t!» event that at the beginn~rg of or ~t any Ysne pending aoy wit vpon this Mort9~ge, w to foreclose it, or to reform it, w to e~fora
payenent of any da'rns hereuoder, said MORTGAGEE sh+ll apply to the Court having jwisd~ction thereo! fw the appantment of ~ Receive?, svch Cowt sh+ll
fortliwith ~ppoint ~ receive~ of said mortgx~ed proper~y +11 u+d singvlu, i~cludu~g att and singvl~r the incoene. profits, iuues ud revenves from whatevsr
~owu derived. each and every of whKh, if being expressly undc.stood, is I+ereby mor~gaged as if specHically set fath and described in the yrantinp and
h~p~edwn claoses hereof, and such Receiver sh+ll have all the boad and ef(ectire functwos and powers in anywne entrusted by ~ touN ro~ Receive~. u~d
wch appointment shall be made by such Courl ss ~n ~dmined equiry ~nd a rt+~ttN of absolute rigM ro said MORTGA6EE, snd .i~hout referente to ths
adaqvscy a'wadeqwcy of the v~lue of the prbpe.ty mwtgaged w to the wtirency a inwlvency of said MORiGAGOR or the defendann, and tMt such
rena. proFits, income, issues and revenves sh~ll be apptied by such Receivr~ accordinp to the lien w equiy of said MORTGAGEE and the practice of wcl~
Court. ~
8. To duh, P.o~w~y +~+d t~iy Pe.ro.m, d'nch+rg~, e:en+te, effect, complate, comply w~~h ~nd abide b~r each +nd every the stipulaY~oe?s, agreemenb,
con~Yaro ~nd cove~ts ~n said promisaory note and this matga9e set fwth.
4. iFut i~ the event the ow~ership d the mortg+ped premises, or amr psrt thereof, becwnes vested in a person other th~n the MORTGAGOR, tM
1NORTGAGEE, in svccessors and usigro, m+y, wi~how notice to the MORTGAOR, deal with such successor or successor in inte~est with refaence to this
' morty~ge snd the dtbl hereby secwet! in tht s~me ma~ne~ as w~th Nlortgagw without in any way vitiating or discharging the Mortgrgors' li~bility h~?r
unde~ w upon the debt hereby aecwed. No sale of ~he ~emises hereby mortgsged ud no fwbear~nce on tht part of the MORTGAGEE w its successon
or ~uigns ~nd ra extension of the time for the psymcnt of the dcbt hereby secured g'~ven by the MORTGAGEE a in wcoessws w au+~ns, sh+ll operat~
fo nk~st, dischar~, modify cha~ge a affect tFro aginal liab~lity of the MORTGAGOR herein, eithe~ in whole or in put.
10. It is spec~fically agreed that tune is of the essence of this contrsct and thst no wsiver of a~r obligaYan hereunde? or of tM oblipation sr
u,red hereby sh~ll ~t any Yane thereafter be heW to be a waive: of the terms hereof or of the ir.atrumenf secured herby.
11. In add~tion to the forego:rg monthly payments of princ'p~l end interest required by the promiuory rate secwed hereby, mortgagor covensnts
- and ag~ees to pay ro mortgagee with esch mon~hly paymcm an add~rional sum esumated by mor~gagee to be eqwl to 1/12 of the +nnwl cost of the follow-
M9, ' ~
A-All resl prope~ty ta:es kvied a ~ssessed agai~+st the ~bove desaibed real estata
B-Premiums o~ fire ~nd windstwm imurante u herein requded to be urried on the improvemenri situate on tl+e sbore described pre~n"~ses.
C-Premiums on wch mwt9age 9wranty inswance as mortgsgee sh~ll from Y~me to tGme deertf fit to cury on the ban secwed hereby.
~ Mortgsgee shall from time to time notify mortgagor in writ~ng of the amount due and paysbk hereunder snd such sum shall thereupon be due ~nd
paysble on the due dste of ti~e next monthty payment and exh successive month therc~fter ur.til mortgsgee shall notify mwtg~go~ of a chargt in such
anwunt. Svd~ sums shsll be applied by mortgagec toward the payn+eM of resl property taaes, inwrance prem:urns, snd mortgage guaranty insurance
Premiurns•
N WITNESS , the sa~d /NORTGAGOR has hereunro set his hand u+d seal the day and yeu irst afwesaid
anr ' ed ~ t peaence of: ~
• ~NO ~
' s
n
IS.a~
n.a~
STATE OF FLORIDA 1
~ St . Lucie
i ~
defae me person+lly ~ppeared K-nnP_th SLOns ~nd
Ftan[~P_e SifemOnt las wife, to me well krawn ~~+d known to me to bs
th~ k~dGv~dwb d-_scribed in ~nd who ~:ecsted the fo?egoirg instrwnent, and ackrawted~ed before me th~t they e:ecvted the same fw the pwposes ~
~eH1 .,~.~„ed. ~ ,i,. ,,;a Frances Simmons ~
,,,,;f. ,F,. „d Kenneth Simmons ~pw~ , sep...re .~a p~iv.r• '
e:~enin~tion by ms taken ssparsM a~d spsrt from her said husb~nd, adcnorvledged w~nd befwe me that ahe executed said irutrument freely u~d volw?-
tarily and withovt uqr compulsion, constraint, apprcF~ens' or fear of or from her ssid husband. . -
WRNESS my hand and officiat ual thi~ 3~ day of ~ = A. D. 19 68
Noary Pu in ~nd fa the Stste of Florida at Luye
M,? can ~asan ~xvu«: E~ s 7/ '
Return Ta ~ s
£ust Faderal Sivings t loan Associat~on
'.'.t?; ~~:,~lic, State ol Florida at Lsrqe
~ Fa, P,««. ~...:,r-.. c~~ b~n
Fort Pierce, fbrida J e~ ~ t
l ~bc~fiNfaa~lx~
!
• • ` ` FfLED AND RECORDED
~ s s
=M ~ J - ST. LUCIE CAUNTY. FkA.
This instNment prepared bY - ~FCORO vE~~FiEO
~irst ~ ra & Assn. o.~` ~63245 -
~ ' ;
o - = t' "5-'' +68 • 9
. JAN 4 AM 10 • 2
By ' '
~~1~ CLERKvCIRCI~l~OURT ~ ~ .
~r'r~ _ _