HomeMy WebLinkAbout2510 S. To plac~ ~nd cont~nuouily keep on tM buildinys oow a Mreafter sitwte on said Iand and on ~II equipment and p~na+ally covN~d by thit mon~
p~, with all premiunta thereon p~id in full, fire insur~nce in the u~ual sundard policy form, ~n ~ sun~ ~pproved by tM MORTGAGEE, and windstam
iniwann in ~F?~ usual su~xla.d pol~q fam. tn • ium app~oved by th~ MORT('aAGEE, in s~ch company or companies +s tM MORTGAGfE rnay
dirMt and all tir~ ~nd windstorm inauranc~ policie~ on any of iaid build~nps. ~ny interest ~herein o? part thereof, i~ the ayyre~~t~ tum ~toraaid ot
In ~xuu thereoi, sAall contain the usual it~ndud matysgae clavie o~ such other clsus~ as tM Mort~agee rtNy ~puu~, maki~p th~ lou under said poli~
ci~s, e+ch ~nd tvery, p+yabl~ ro iaid MORTGAGEE as its intereit may ~ppear, and each and every such policy shall be promptly +u:9ned +nd d~livered ~o
any held by iaid MORTGAGEE ~s further security to said mort~~ge debt. ~~d, not leu tMn ten (10) days in adv+nc~ of tM expirstion of each policy, to dr
liwr to taid MQRTGAGEE a raxwal thereof, toqe~F+K with s rece~pt for the premivm of such renew~l; ~nd the~e shall b~ no fire or windito~m inwrsnc~
pl~cad on any of said b~ildings, any intereat therein or put thereoi, ~nless in tFw fomi ~nd wi~h tM lou payable as ~foresaid; ~nd in tM tvent any ium
of mon~y becomes pay+ble u~de~ wch policy or policies s~id MORTGAGEE shall haw ths option to receive ar+d ~pply ths am~ on accovnl o~ tha indebted
Mq secvred M~eby or 1o permit ~aid MORTGAGORS to teteive snd uss i1 or ~ny par? 1herNF for othcr purpose~, without ~he~eb~ waiving w impair-
iry ~ny equity, li~n a righ~ unde? or by virtw of this mortyage; ~nd in the tvem aid MORTGAGORS shall fw any reason fait fo keep the said premises so
It1iYfld, or fsi! w deliver promplly +nY of said policies of insurancs to said MORTGAGEE, u fail promptly fo pay fully •ny premium therefor w in any _
respect f~il to pafocm, dixharge, execute, effed, complets, comply with ~nd abida by th~s covenant, a ~ny part hereof, said MORTGAGEE msy place ~nd
paY (w ~uch ir?surance or any pui tl?ereof without w~lving w ~ffectinp ~ny option, lien, eqvity, or right under a by virtw of this Matya~t. and the
full ~mouM of each and tvery tuch p~yment shall be immediately dve and p~y~bk and sAall beu intere~l from tM dat~ thereof ~Mil paid M the rat~ ol
nirw pa centum per annum and to~ether with such i~terest shall be secured by tM lien of this mwtgsge•
1. To p~rmit. commit w suffer no waite, impairment w deterioratan of said properry o+ ~ny p+rf the~eof.
S. To pay ~II and iing~tu the <osts, ch~rges snd expenses, includirq s ressonable attorney's fee and cosri of abstracts of title, incurred or paid at
my Yune by said MORTGAGEE, because w in the event of the failure on the pan of the said MORTGAGOR ro duly, promptly snd fully perfwm, d~uhar~q,
execute, effect, complets, comply with and ab~de by each and every the stipulatans, sgreemenn, co~ditions, and covenants of said promissory note and thi~ ~
mortgape any a either, and satd costs, cMrges and expcn~es, each and every, sMll be immediately d~?e ~nd p+yable; whether o~ not there be notKe do- !
mand, attempt to tollett a suit psndiny; a~d the full amount of each and every such payment sh+ll bea. interest irom the date thereof until paid a1 the ~
rate o( nine per centum per snnum; and all said ccsts, charges and expenses incwred a paid, together with such interest, sMll be setured by the lien of tFw
~ro~~ f
A. That (a) in the event of any breach of this AAortgage w default on the part of the MORTGAGOR, or (b) in the event s~y of said swns of money
herein nferred ro be not promptly and fully paid within thirty (30) days nex~ afta the same severotly become due snd payable, without dernand or notice.
or W in the erent each and every the stipulations, agrecments, cond~tions snd tovensnts of sa~d p~omissory note and ~h~s mwtgage any u either are nw
~uly, promptly and fully performed, dixharged, executed, effectcd, completed, complied with and abided by, then in eithe? a any wch event the isid ag
pregate sum mentioned in taid promiuory note then ~emaining unpaid, with interest acuued, and all moneys xcured hereby, iMll become dw ae+d pay-
able fwthwith, u thereafte?, ~t the option of said MORTGAGEE, as fully ~nd completcly as if all of the said sums of money we~e diginally ttipulsted
to be paid on such day, a~ything in said promiuory note or in this Mortgage to the contrary notw~thstandingi and tF~eupon w thcreafter tF~e option of
said MORTGAGEE, without notice o? demand, suit at law or in equity, therefwe or thercsfte~ begun, may be prosetuted as if ~II mooeys sacvred hereby
had trutured prior to its institution.
7. That in the event that at the beginnirg of w.t •ny time pending soy svit vpor+ this Mortgsge, or to foreclose it, or to reform it, or ro enfwca
payment of any claims hereunder, said MORTGACaEE shall apply to the ~ou?t having ju~isdiction thereof (or the appo~ntment of s Receiver, sucA Cou?t shall
fwtliwith sppoint a receiver of said mortgaged property all and singutar, includmg all and s~ng~lar the income, profits, iasues ~r+d revenues from whatever
source derived, each ancl every of which, it bc~ng expressly undentood, is hereby mortgaged as if spec~fically set forth and described in the granting and
habendum davxs hereof, and such Receiver shall have all the broad and eftective funcnons and powc~~ in a~ywiu entrusted by a Covrt to a Receiv~~, and
tuch sppointment shall be made by such Court as an admitted equ7ty and a maner of absolute right to wid MORTGAGEE, and without reference to the
adequxy or i~+dequacy of the value of the propery mortgaged or to the wlvency or ~nsolvency of said MORTGAGOR a the defendann, and that fuch
rents, profin, income, iuues and revenues shall be applied by such Receiver xcwdin9 to the lien or equiry of said MORTGAGEE and the practice of such
Court. •t
8. To dvly, proa+ptly and fully perform, dischsrge, execute, effect, mmplete, comply with snd abide by e~ch and every the stipulations, sgreernents, ;
conditions and covenarts in said promissay note and this mo~tgage set fwth. ~
9. That in the event the ownership of ?he mortgaged premises, or any part tFxreof, becomes vested in a person othe~ than the MORTGAGOR, the
MORTGAGEE, ib successors and auigns, may, without notice to the MORTGAOR, deal with such sutceuw or .ivccessor in interest with reference to this
mortgaye and the debt hereby secured in the same manner as with Mortgagw withovt in any way vitiating a discharging the Mortgago~s' liability hcra
under w upon the debt hereby secured. No eale of the premises hereby mortgaged and no forbearance on the part Of the MORTGAGEE or its svttessors
or ~ugns and no extension of the time for the payment of the debt hereby secured give~ by the MORTGAGEE or its successors or auigns, shall operate
fo releue, discharge, modify change or affect the original Iiab~Gty of the MORTGAGOR herein, either in whok w in part.
10. If is spedfically agreed that time is of the essence of this contrad and that no wsive~ of any oblgation htreunder or of the obligatiot~ sr
cured hereby shall at any time tF~ereafttr be held to be a waiver of !he terms hereof or of the instrument secured herby.
11. In add~tion to the forego:ng monthty payments of prin~ pDl and interest required by the p?omiuory no?e secured hereby, mortgagor covensnts
and agrees to pay to mortgagee with each monthly payment an add~tional sum estimated by mortgagee to be equal to 1/12 of the a~nuai cost of the follow-
ing:
A-All resl property taxes levied or;a:x:sed agai~st the above deuribed real estate.
B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above desuibed premisei.
C-Premiums on such mortg~e gvaranty insurance as mortgsgee shatl from t~me to time deem fit to carry on the loan secured Fxreby.
Mortgagee shall f~om time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupo~ be due and
~ payabk on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgago? of a change in such
i amouot. Such sums shall be applied by mortgagte toward the paymenf of rcal properry taaes, inwrance prem:ums, and mortgage guaranty irtsurence
i premiums.
IN WITNE551NHEREOF, the sai MORTGAGOR has hereuntp set his hand and seal the day and year first sforssaid.
and liver the e of: _
~ •
•n
~6 ~s~.n
~n
STATE OF fLORIDA ~
55.
courmr oF S t. L~ac i e .
Before me penonally appeared V! i 11 i s R. Gr~ ene
Aethel Lee Greene his wife, to me well known and known to me to be
the individwls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
d,~,~;~ ~xa~s,~a. n„d t~ sa~ Bethel Lee Greene
wife o1 the said Wi l 1 ~ S 13~ Greene vpon a sep~rate and prrv~t~
ex~minaYan by me taken separate and apan from her said husband, ackraw{edged to and before-me that she executed said instrument freely ~nd voluo- ,
tarily and without ar~y compulsan, constraint, apprehension, or fear of w from her said husband.
~ WITNESS my hand and official seal this ? th day of r A. D. 19 68
~ ~
~
Notary Public in and fw the St e o lorida at Larpe
, My Commiuion expiies: 3
~ Return To:
~ ngs b Loan Associafion . -
~ first Federal S~vi ' ~'IOttsY Pu~lx. StalC a~ F1w1da at lirge .
m :
4 Fo OPierce, Fio~ da FILED AND RECORDED' My ~,~sro~ Ex~ares Nor• 3• 19b9.
~
~ S7. LUCIE COUNTY FLA. ?o•a.a a„ w.»:K~ eui ~ " 's," -
~ • db ~ ~~'t~ - - :
, • ..r _
, ~ ,
re are Y ' ~ '
~ lhis instrument & loan Assn. -~65€~~~i = ~ ' ;
First Eedesal Sav c~ : -
~ ofi fo~t Piecce ~68 M;~R 8 A~1 10 : I S ' 1` f~ ~ j
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~ By D. r ~-~~=~t~~?~~~-~ "ti
, n ~
~ i: Uli~'..S
~ CLERK CIRCUIT COURT ~
~ - ~ R ~ rb ~
~ _ gooK1 j0 ~ACf~499 ~
~ _
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~"~~"~f'~.s'~+„" ? F ~~r _ °,~r~,`a~'
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