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HomeMy WebLinkAbout1466 To pian a~d oontinuously kNp on tl~ buildirgs now w Mreah~? situa» on said land ~nd on sll eqvipm~nt ~ed p~rion~lly cownd by tAb nwrp~ q~. witF? dl premivnl ~hK~on p+~d in fult, f'u~ i~+surann in tF» ~n~al s~u+dard policy fwm. rr? • sv~n ~pprowd by tM MORTGAGEE, u~d wi~rorm inswanp M~ th~ ~nwl ~tandard policy fo~m, in • sum ~pprowd by tM MORTGAGEE. in wcl? caopanY o~ ta^P+^i~s a tM MORTGA3EE may dind~ ~nd all fi.~ and windiwrm insur~no~ polici~s on +ny of said buildinp~„ ~ny inMr~~l tlwrei+~ w pa1 iM.~o1. ie tht~apprp~N wm ~fwtwid o~ In ~xuss therwi, sMll ca?bin tM usual st~ndard mwtpspK clavs~ w wd~ wh~r clavs~ as tM MortQ+y~ m+y ~Win. e?+kinp t!~ los~ ~^da s+~d Pdi~ ciw. Nth N+d ~+raY. P+Y~bI~ ro s~W MORTGAGEE af ib intKest may appNr, and tach .~,d .~..y s~ ao~~cy .hau a~~h •s•:9~+ed .~+d d.ic~..ed ro •ny h~W by ~id MORTGAGEE a furti+a security ro s~id mortp+p~ d~W. +od. ~01 I~u tMn t~n (10) days ia +dvanu of th~ ~xpir+Yan of ~ad~ policy. w d? IivK ro said MORTGAGEE a r~wal therwf, topetl?N with ~ receipt for tM pnmlwn of sucA r~walt and tMn sh+ll b~ no fin a wi~ds~am inawanc~ pi~ad on ~+y of said b~rildinps, ~ey G?te~est N»?~in w p+h tMnaf, unl~ss in ?Ir form'and wi~h tM bu pay~bM a ~fw~said: and in tM ~wet any wm of mor~y becan~s payabt~ w±d~r wch polky or polKiea uid MORTGACsEE shall h~w the opYan ro neeiw and ~pply tM same on accour+~ 01 ~M ind~b~ed~ Msf s~cvr~d hKeby w ro pamit said MORTGAGORS ro rsteiw u~d us~ it or ~ny part tMrsof fw otFMr purpoies, without thsreb~ waivi~q o~ impai~- ieg any pvity, IiM or riph~ w+der w by virtw of this mortpapet +~d 'r+ tM ~vent ~aid MORTGAGORS shall fa any rtawn fail fo kHp tM wid p?~mita w inwnd, or i~il b delivK promptty ~ny of s+id policies of insunnu ro said MORTGAGEE, or f~il prompty to p+Y f~lty ar?y pranium ther~fw w in ~ny re~pett fail q pKform, discMr~e, execut~, ~ffect, compltt~, comply with u~d abid~ by this cov~nant, w~oy put hueof, s~id MORTGAGEE may plau +nd p~Y fp wch irowanw w~ny part th~rwf withart w~lvinp w aff~clinp a~r option, N~n. puily. a rght undK or by virtw of this Mo~pap~. a~d th~ full amo~nt of each and ewry tuch p+Yma?t ~h+ll M imr~diately dw and payabb and th+ll bear infKSSt from tM dat~ thereof u~til p~id M th~ rab of ~;n~ pa untum pN annan and togNhe~ wirh sucA intK~st shall be secund by tM 1'Nn of this mat~. 4. To pKmit, aanndt or wffa no wut~, tmp~irment or deteriw~tion of said prop~rry ot any p+rt t~+enof. S. To pay all ~nd wqular ths.cwn. char9a snd expenses, inclvdin~ ~ rcssonsM~ attorn~y's fa~ snd costs of ~bstracts oi titl~. iexurr~d or p+id at any tims by sa~d MORTGAGEE, b~taus! or in th~ ~vent of tM f~ilure on th~ psrt of tM said MORTGAGOR to duly, p~omptly ~nd fvlly pe.forrn, d~schar9q execvt~, effeq, oompkt~, comply with and abide by ~~ch ~nd every the stip~l~ria?s, ayreemenn. co~ditiau, u+d wwn+eb of said promissory not~ a~d tha mo.t~ay~ any a~i~Mr. and said cos~s. chu~s and ~xperwes. exh sod ~wry, ahatl b~ inxnediat~ly dw ~nd p+y~ble: wMther o~ not thK~ b~ notici d? ~ m~nd, ~ttempt to coll~ct w wit pen~nps u~d tM full ~nt of ~ach and wery wch paYment shall bea. inferest kom the date thereof until ;~aid ~t th~ rore of nirr per centum ps~ uuwm; and ~II s+id cbsn, char~ct ~nd cxpenses incvrred w paid, top~thar with suth interat, shall b~ setured by tM liwn of thu mortp+D~• A. lfwt M the ws++t of any brc~ch of this Morty+~ w default on t!r part of tM MORTGAGOR, or (b) i~ tM ~vent u~y of wid swm of mon~y ha~in referred to b~ no1 promptly u~d f~lly paid within thirty (30) daya nex~ ~fte~ the same seve+ally becort~ dut ~nd payabb. withovt d~mand a ~otice. or in tM went sach ud every tt+~ stiputation~„ ayr~nents, condirions and coven+nts of sa~d promiisory rate ~nd th~s morteape ~ny w~ither ~re no1 iuly, promptly and fully performsd. d~scl+arped, executed. effected, completed. complied with and abided by. tFKn in athK a~Mr wch ~wi?f ths said aQ pray~t~ sum mer?~ion~d in said promiuory nott then remaining uop+id, with i~ter~st sccrved, and all moneys tscu~ed I+~r~by. shall baeoen~ dw and p~p abl~ fo~thwiMy a tMr~aher, at ths option of said MORTGAGEE, as fvlly H+d canpktely as if sll of the ssid wms of moMy wer~ o~'g'u~ally stipulated ro be paid on wd+ day. snythinp in said promissory note a In this Mort9age ro the contrary notwiths~andin~; a~d therwpon a thereafter at th~ option ot ~aid lNORTGAGEE, witlaut notice w demand, wi1 at la~v w in pvity, tF~erefore or thereafter lxgvn, may be proietuted as if all ma~eps ssour~d Mteby had marwed prior to in institution. 7. ?hat in tl+e event that at tM beginning of or at any ~irn~ pa~diny +oy wit upo~ this Mwtgsge, o? to fweciose it, or to reform it, a to snforc~ payment of any cl+ims I+e?eunder, said MORTGAGEE shslt apply ro the CouA havirg jurisdiciron thereof for the appo~ntment of ~ Receiver, such Co~rt sF?~II fwtFiwith ~ppoint a reteive? of said rtwrtgaged propery atl and si~gulu, includmg atl snd sinyulsr tl+e income, pofin, iswes and revenues from what~ver wwc~ derived, e~d~ ~nd every of wli~ch, it beinp expressly understood, a heroby mwtgaged ~s if spec~fiwlly set fath ~nd deuribed in tIK yrantirg ~nd hab~++dum clavses hsreof. and :uch Receiver shall Mve all the b~oad and effec?ive functions and powera in snyw~se entrwted by a Court to ~ Receiver, ~nd such sppointment shall be made by urch Court ~s an admitted equity and a m+tter of absolute ~ight to ssid AM1ORTGAGEE, and withoW reference b ths adeqvacy o~ inadequacy of the v~lue of the prbperry mortgaged or to the sonre~cy w insolvency of said MORTGAGOR w the defendants, a~d that ivch renn, profib, income, issues and rovenws shall be spplied by such Receiver accordi~y to the lien or pviry of taid MORTGAGEE and the practic~ of wch Cowt. 8. To duly, promptty ~nd fuly perfwm, discha.ge, execute, effect, complete, comply with and abide by each and every the stipulations, apreemenb, m~ditioes and oovenants in said promissory note u+d this mwtgsge ut forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in ~ penon olher tkan the MORTGAGOR, the MORTGAGEE, iri successon and auigns, msy, without notite to the MORTGAOR, deal wilh sucn successot a suttessor in interest wirh refercntt to this mo~yape ~nd the deb~ hereby secured in the same manrxr as with Mortgaga without in sny way vitiatirg w discharging the Mortyagon' li~bility hera under o? upon the debt hereby secured. No ssle of the premises hereby matgaged and no fwbearance on the part of the MORTGAGEE w iri tuccessors w auig~ ~~=r~ns~on of the time for the paymcnt of the debt hereby secured yiven by the MORTGAGEE or in ivcceuon or auiyro, sMll operat~ to r~leas~, dixhuyt, modify chanpe or ~ffect the wiginal liabil~ty of the MORTGAGOR herein, eifher in whole or in part. 10. It is specifically agreed that time is of the euence of this contract snd that no waiver of any obligation h~reunder a of the oblgation s~- a,red her~by shall at any time thereafter be held to be ~ waiver of the terms hereof or of the irotrument secured herby. 11. 1 tovenants ~ i and agrees to pay s ee with each monthly paymeM an additanal svm estimated by mortgayee to be equal to 1/12 nual cost of the 4ollow- ing: A-AU ~eal property ta:es kvied w assess ag . above desuibed real esta ~ B-Prem~ums on fire and windstwm insunnae as herein requ~r o on the imptovements sit~ate on the above dauibed premises. 'r ~ C-Premiums on such mortgsge 9wranty insurance agee shall irom time to fit to csrry on Yne loan secured hereby. Mo.tgs~ee shall from tirree to ri ' gagor i~ w?iring of the smount due and paysbk hereu sum shall thereupon be due and E payabl~ on the due date of monthly payment and each successive ma~th thereafter until mongsgee shall notify f a change in such ~ amoum. Such ty insur~nce , premiwns. ~ IN WITNE55 yVHER , the said MO GAGOR hss hereunto set his hand and seal the d~y and ar fint ~to i ~ bd Ilvir in tht ~ y n vere . ee ~ ~ ~ ~ STATE OF FLORI~A ~ ~ • ~ ' COUNTY OF .Cit. I.L1C1@ ~ SS. ' j Evezett J. Beedy and Irma N. Beedy~ his wife ! d~fort m~ pKSOndly app~and ~i@C ~i.arnlf ro me well known and known ro me to be ? th~ b+dividwb d~saib~! in ~nd who executed tlr fwe9oinp instrwnero, and acknowled9ed befon m~ tMt tF~y ~:~cuted ttw ~ams for tM purpos~s I ~ Irma N. Beedy ~ w~s. or r~. M~a Everett . ee y vpon . s.p.r.a .nt! priv.+. ~ •xamin~tion by m~ Ukan ~epar~t~ ~nd ~part from her ~aid FwsCand, acknowl~dp~d to ~nd befw~ mt tMt ~~x~cvt~d said irotrum~r?f frKly ~nd volwr ~ t~rily ~nd withow aror computsioe~, constr~int, appre +qry,or f~ar of or from Iwr said husbant~. ~ WITNE55 mY h+nd o+d oHici~l sNl thi d~y of A rl A o. ~v68 ~ ~ F~~EO a p R Publ' in ~a ,M 5~.~. F~.~. ST. LUC~~ Cp ECO~u.~, .,~..a: U- ~Z v- h/ ~ R~rwn Ta n'< t, uq, ~ r FLaTA~r IYEU g Rm hd..•~ s+Y~nq• a ~oa+ A.wc~at:a+ • • wc~ iTATE OF FLORtDA AT URCE F ~ 0{ fOff P~erce. s MY CO~w+:l$$10(~j E~(M~~`~ ~:VV. Za, ~97~ ~ ~68 s~3 lo++o[o Tawuuw~ ts.o r. o~as~a~NUwa. fO~f Pilrfl. flOri~ ' V • . APR A~1 10 . ! 6 . ~ ~ . • ~ : ; F ~ j~~....•.~~ i. ' 4 ~ This irtstNment prepared by t~ ~ - ' _ ~ : - ' ~ • . ~ CLERK ~ ' OITRwg ~ ~ ~ ~rst Federal Sav. & Loan Assn. C~RCU1 , ~ T ~ ~ ~ t Fort Pierce T COURT ~ ` - ~ B ' - ; l? ' : ; . ~ G~ ~ . ~ ,,•..t ~ a~i71 P~14~4 ~ ~ ~ . - .r,. ~ _ ~ ~ ` .w_ . _ _