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HomeMy WebLinkAbout1543 ~ . ' ' . • S. To plaa ~nd contirx~ovsly keep on th~ buildinys now or hK~aftN ~itu+» on said I+~d +nd a+ ~II equipm~m u~d p~~ronailp covasd by this ~+ort~ p~, with ~II pr~mi~A tMreon p~~d i~ tull, fu~ ieuur~~c~ in t!r vswl s~andard poticy form, ~n ~ sum approwd by the MORiGAGEE, ~nd wieKbtorn~ (rpwu~ce in th~ uswl uandud pol~cy fam. in • wm ~pprov~d by ~M MORTGJIGEE; i~ wch coa+pu?Y or comP+^i~+ +s ~M MORTfiAGEE may dinctt ~nd +11 fin ~nd w~ndsrorm inivue~c~ polici~s on aey of s~id buildinp~, any {ntNest tF~ein w pr?~ therwf, in t!N ~ppre~a~~ w+n afor~~sid or 1n ~apq NKnof, ~MII contaln Ih~ vswl su~+dud matyapH cla~ w iuch other cl~~ ~s tl» Maty+~ m+Y nqu'u~. rtw?inp tM lou unde~ uid po1G cia„ ~ach and ~wry. paYabl~ b said MORTGAGEE a its ie+terest m~y app~+r. ~nd each and ~wry iud~ poliq s1?~II b~ ptomptly us:yn~d ~nd d~livMed W ~ .ey MW by said N~tTGAGEE as fvnher sewrity ro s.d mo~p+~ d~br, aod, not kss tMe ten (10) d+ys in ~lvanu of ~h~ ~xpk~tion of Nch policy, to d~ livw ro said MORTGAGEE • rteww~l thereof. wpe~h~r wirh • reaipt fa th~ e•~mium of wch r~newal; ~nd tMr~ sMll be oo fin o~ windsrorm inwr~ • plapd on ~ny of a~id bvildinps. ~eyr ioter~st thKein or p+n th~r~of, vnless in tl+~ fwm' aid with tFw bu p+yabl~ ss atw~s~idj ~nd in ~M ewnt ~ny wm ~~,~r»y ~~ee~~ p~Y~b~ w~ weh pot;~y or po6ei~s said MORTGACsEE ~hsll Mw tl» option ro reeeiw and +ppty tM sam~ a+ ~eea+nt o1 ~M ind~btd~ Ms1 Ntvr~d h~r~by ot b pumit said MORTGAGORS ro reuiw and w~ it a any put thereof fw other purposes, without Ihe~eb~ w~ivi~~g a~mpair- Ieg any pv;ty, litn a ripht v~ds~ or by virtw of this mort~+y~t and in th~ ~va~t utd MORTGAGORS shsll fa ~~y reason f~il to keep th~ aid prtm~se~ w ~ imw~d. or fail b d~livar pranptly ~ey of said policiq of insuruw b s~id MORTGAGEE, or iai: promptly ro p+y fully u?y pren+ium therefw or in any r~~p~cf f~il b pKfonq, d'ixMry~, ~xecut~. ~ffM. tanplet~, comply with and ~bid~ by this covt~ant, w ~ny p~rt herwf, said MORTGAGEE m+y plx~ ~nd paY fo~ wd~ iro~r~r o~ any p+rt tFw~eof without walvinp or affectlnp any option, li~n. puity. or ~ipht w+d~r or by vi?tw of this Mortp+pe. and tht fuU anovnt of tKh and ewry such p+ym~m ahall b~ immadiately dw u~d p~ysbb uid sh~ll beu inio~<.t han tM dab tha~ot until piid at th~ rat~ 01 i ein~ pK tentwn pN ~nnum ~nd to~etl?tr with wcA imer~st shall b~ setw~d by th~ li~n of this n+ort9aq~. To pKmit. ao~m~i~ or wffK no wast~. tmP+irment w deteriaatan of said propKry a u~y put ther~of. S. To pay ~II ~nd ~inpulu tiw.cwts. cMrpas ~nd expKws, includinp a nason~bl~ a»wney's fe~ snd cosn of sbstr~cts of titl~. incwred oa p~id at any tlm~ by said MORTGAGEE, beca~s~ ot in tht ~vant of tM failur~ on tM p+rt of th~ said MORTGAGOR to duly, promptly ~nd fully perform, dixM~. •a~cvt~. ~ffec~. oompkt~. oomply with and abid~ by ~ach and every ths stipul~tio~s, agreeme~ri, cond3tions, and ooven+nts of s+td promissory not~ u+d rAis mo.tyap~ anp or ~irhu. and said coats, chu~e+ a~d expaws. ~ach +nd ~wrY. ~Mll b~ imnediately dw and payabk: whethN w nw tMn b~ norici d~ ~ msnd, attempt to collect a wN pendinpj and tM full ~rno~nt of exh and ev+ry wd+ P~ymN+t shall bear interest fran the date thaeof ~?ntil paid ~1 tl+~ + rate of nin~ p~r centum p~t uuwrq; ~nd atl wid tbsts, chupss and eapens~s inturr~d ot p~id. topethar with such intKesL sl+all b~ wcured by th~ lieo of tlw i matp+~. e. Th~t in th~ wMt of sey bre~ch of this Monyap~ w default oe the put of the MORTGAGOR, or (b) in ~M ~vem ~ny of sa~d wn+f of money hertin rtftrrd ro bt not prompty ~nd f~lly paid within Ihirty (30) days ~xat aft~r the sam~ sever+tly betane dw and payabl~. without d~m~od w notip, or W in tM ewnt ~ach snd ~wry tl+e stip~r~tioea, ay~esm~nts. conditiaa and covN++nb of sa~d pranis:ory not~ snd tA~s mortp+p~ any or eitha an no1 iuy, promprly and fully perfo.m~d, d~scharped, txecuted, effected. completed, complisd wi~h ~nd abided by. then in e~ther w any such ~wnt ~M said a~ ~ pre~t~ wm m~ntia»d in ~aid promis~y raM then r~i~inp unpaid, with intNSSt atuved, and all moneys setured her~by. sF++ll bctome dw and p+y~ sb~e forthwitA, O~ IMfNf1M~ at th~ option of said MORiGAGEE. ss fvlly ud completely u ii sl) of the ssid wms of mon~y wer~ aginally stipulated to b~ paid an wd~ day, s~ythug in sa+d prom~ssory note or in this Mortgage ro the contrary notwithstanding; arul thereupon o~ there~fte~ at the option of said MORTGAGEE, without notin w demaod, wit af I~w or io puity ~F1lfl~WR Of 1F1lfNf1N begun, m+y be prosecuted as if all maxps s~cur~d her~by Md eniwred ptior to iq inslitWion. 7. Tiwt in the ~vent that af the beginninp of or ~t sny time pendinp aoy wit upon this Mortg~ge, w to fwecloae it, w to nform it, a to enfora paym~nt of ~ny claims hsreundcr, s~id N10RTGAGEE shstl apply to the Court i?~ving jurisdiction thereof for the appantment of a Retciver, suc~ Ca??t shall fortliwith ~ppoint a receiver of said mortgaged property all ~nd sing~lu, indudmg sll +nd singul~r the income, pro(its, issues ~nd revenues f~om wMt~ver sowu deriwd, ead~ snd svery of wFi~cl~, it beinp expressly understood, is hereby mortgsged a if tpec;fic~lly set fa~h and described in the y~antirg snd hab~ndum clauses hereof, ~nd such Receiva ;hall Mve all the bro~d and effecNve funu~ons a~d powers i~ anywise entrustcd by ~ Co~.t to a Receiver, and such appointme~t sAall 6e made by such Court as an ~dmitted eqvity and s matter of ~bsolute right ro said MORTGAGEE, ~nd without roference to tF+~ edequscy a inadeqwcy of the vatw of the pbperty rnor~gaged o~ to the w?vency w insolvency of said N10RTGAGOR a tM defenda~q, a~d that such renn, profin, income. iuues ~nd r~venues sh+ll be applied by such Receivef accord~np to th~ lien o? puity of said MORiGAGEE and the pr~ctics of iuch Court. ' 8. To dvly, pranptly and fully perfam, dischar9e, execute, effect, complete, comply with and ~bide by each ~nd every the stipulations, agreemenq, conditiorn ~nd covenann in w~d promiuwy note and thw mortgage set fwth. 9. iMt in the event the ownenhi of the mort ed y paN thercof, bec~omes vested in • penon other than the MORTGAGOR, tFr ~ p g+9 ptemisea, a an MORTGAGEE, ib tvccessors and aui~ns, may, without notite to tMe MORTGAOR, deal with such successor or successor in iMerest with refcrt~te to thia matpa~ and ths debt hereby tetured in ihe aame manner ss with Nbrtgagor without in ~ny way vitiatirg or d~scharging the Mortga9on' liability here- ynder p upon the debt hereby secured. No sale of the premius hereby mortyaged and no fabearance on the part of the MORTGAGEE w it~ succeuws w augns and no extension oi rhe time fw ths p~yment of t1~e ~bt hereby secured given by the MORTGAGEE or its tucceswn w aui9ns, shall operat~ to nleas~. di~r~e. modify chsnge or sffect the wiginel liability of ~he MORTGAGOR herein, eithe~ in whole or i~ part. 10. If ls specific~tly agreed that time is of the essence of this contracl and that no waiver of any obliyation hereunder w of the obliyafio~ sr a.nd hereby ~hall at a~y time thereafter be held to be a w~iva of the terms hereof o~ of the instrumeM secured herby. 11. In add~tan111!-ia o:ng monthly paymenri of princ'pDl and interest required by the promisswy nole secvred ~mortgagor covensnts , a~d ag?ees to pay to mortgagee wit e hl payment an addirional sum estima~ed by mortgagee ro be equal o the annual cast of the follow- in9: A-All real prope?ty taxes kvied or auessed aga~nst the above a e. 6-Premiums on fire and windstwm insurance a: herein o cari rovements sit~ate af the above described prcmises. G-Premivms on wch mortgsge gwran e as mortgsgee sh~ll from time to time dcem on tF~t losn secured I+ereby. 'i MptgsQee ahall from " ~me notify mortgagor in writing of the amount due and payible hereunder an s shsll 1F?ereupon be due and pay~bte on the e of the next monthly paymeM and each successive month thereafter u~til mortgsgee shsll notify mort~ of a change in tuch ~ amount. Such sums shall be applied by mortgayee toward the payment of reat p?operty taxes, insurance prem:ums, and mortgage guaranty insurance ~ P?~mivms. ~ IN WITNE55 WHEREOF, tFx id MORTGAGOR hai here~nto set hia hand and seal the day and yea~ first afweaaid. ,~~~~~C7~ deliwr ~Q esence of: n ~ ~ ~ ~ ~ rc--o STATE Of ilOR10A ~ St. Lucie counrrr oF • p~„o~~,,, ,pp.,,.d W i 11 i am L. Treu M8I`~a11 J. TI'ell his wife, to ms we~l known and known ro me b b~ t!r ir~dividwh daciib~d in and who ~xacuted tM forpanp instruan~% and ~d~cnowledped l»fors me that tMy e:ecuted the same (a tF+~ purpows ~M,~n ~„p~~wd. And rM ~,;d MAri pn J~ Trr3u wir. ot th. ..id W i 11 i am L. eu , ~pon ...g..,~: .nd p.~~.a ~xare?in~tioe by m~ tak~e? kpant~ ~nd aput from he~ ~aid ~tkr~owl~dped b and befw~ re~ that ahs ~x~cuttd said instrurneM frNlr and votw~- ruily and withovl u~y compulaion, cw+s+nim, appreheroi ~ f~a~,of or from h~r ~id husbared 68 ~ WITNESS n~y hs~+d .nd oHici~! ssal tti~ d.y of A. D. 19 ~ ~ Notary PubIK in ~nd fw tFw jtat~r of Fbrid~ lsrp~ ~ . My Commis~ion ~apir~s: ~f/~/~ 1 R~?wn Ta NO~ifr bt~a di Vtqt ~ ~ F.a...~ s.~+~, a~«, ~ FILED ANO R f~ c~:~~p t~v~ r~.. 3. ~9a9 a Fo., P,..«. ECOROED' .o,s,,.,.,.,..~.. u. Fa, P;~,«. F,a~, ST• LUCIE COUNTY, FLA. ~ ~ c:c~n~~ ~.~~~~~r~ : : i.. ~ ~ lss - . ~ This instrument r ~1 . { , • : . . ; p epared by '68 APR 21 ~ ~ ~ ~ ~ First Federat Sav. b loan Assn. µ 10 , ' ~ of fort Pierce ~ = ' - ' t= ~ , . . ~ ~ By D. Chastain •'0_E~ ~~0~;~,~5 - ~ . . CLERK CIRCUlT COURT r~"~~~ ~ ~ - - i • . ~ . ~ ~ { . so~K i "li PA~F1541 ~ ~ ~ t~ ~ ~ y ~ ~ _ ~ _ - - ~ : . s