HomeMy WebLinkAbout0281 L~ iCi~1l)~'
W a~ake aad petib~m +~t the 1~oc~prs~ own e~p~0. sucb rep~Jrs and maiat~oa~' u~[ortf~Oe in+U? han tltae b ti~ru
~a~. Mort~asee bdn~ eerebs maa. me .oie i~ie at tee aecesstb th.r~i~oa~. Wltbout liaatlus me ~en~r.ua ot the tore~oto~,
the Mort~ason ahali cause all such bui~dlnp b be paint~d noR lesi~ ottea tAaa o~nce in every tl~ree-7ear Perlod.
A. In tbe eveat the Morl~asors sba11 fW b compbr wilh W caveaant contataed in Wu'aYcaPhs S or 5 l~ereot. ~[o~rt~a~ee
~uU? lbut ahaD 6ave no obU~atioa to) pertarnn such oov~eaant on bebalt ot tbe Mott~a~o~rs and the iWl ~mount ot e~ves~r pqment
made b0~ Mart~s~ee in such caurectioa shatt beu intec~t at We nte ot !M6 P~' aanum h+ana tbe datt so qW aad s6a11 be sa
cured b~r the lka at thia aaost~aje. Ii Ma~l~stee sbaII pesioeon aq~? covecant contained ia Par~raph S. ~[ott~a~ae aW? add b
auch Wqrment a tee eQual tu 10096 c[ auch pymeut tar ~L~oe~tp~ee's~ sarv~ces in arr~n~ins sucb perrocaaaace. ld~'lta~ee sh~11
al~o 6ave the optka ~o e~ieet !!re aM e~cteaded covera~e insurance fn an amouat sufQdeat lrom tlme ~o time ~o dbcDar~e tLis
ts+ort~a~e ud tbe aote secured lurebr aod tbe ldacqla~ara slu~II have no interat fn such iasurance. other tbaa thelr taterest ia
~ s~k~k dbcbarse. and the iull amount ot eves~r pqrment auide b~ l[aet~a?Yee fac a?c6 Lisurance sbaII beu iat~erest a! iDe r~te at
10~~ pee amam tro~n t6e date•'so pald and sball be secured b~ the liea ot this mort~ase. _ , . ~
7. ZLat (a1 in the event ot aq~ such bre~ch at tWs mort~a~e ot~ aqy at tbe terms bereot ae~ de~ault on the par! ot tbe Mor~
~a~as. or (b) In tbe event u~ sums ot moaey reterred tio berein be ao~t proaaPtb? ~Od iW~1? Pai~1 as We s~me become due and
W1Yabk. or (c1 in the event ot defiult in the pq~menb uader aald proeotsaoc~r bote: tbea. it a~ auc6 delaults sball ccMinue tar
a Pr~'lod at 10 detls. tLe pr3ocipal sum set out in said proaniaso~r note then remhioioi. uaDuid. and all nwne3n secured here~.
sball becane antl De immediaLe~y dne and pyraWe at the optbn o~ Mait~asee witbout notlce oe demand (which are bertby ez
pcess~ waivedl. and tWs mort~s~e msy be fa~recloaed witl? all rfshts and remedies attcadeti Dy ~e laws a[ Flaclda. includiot
the appaiatment d a recelv~er. !t appited toc b~? Martga~ae. Ia !be avwt tbat Ma~asee abaD declare ffia principal suan set
out ia said pta~isao~qr note t~en rematuit~ nnpaid. and all mo~rs aecured hes'eb0?. im~onedia~ due and pyaWe. t6e l~[oc~
Qa~ors shall immediateb pqr to Mo~t~a~ee an amouat eqwl to tt~e amamt at which tWs note ca~ld thea La?hil~ be I~I~
Nw W otber aooneys ser~red hereb7.
S. No de1sJ? M? Matt~a~ee i~? rzesctsint W ri~?t ae resaecy hereunder sball operate as a~raiver the~reot or pieclqde the
eneccise tha~eot durit~ the ccnttaoance d arp default bereunder. No watver b~ Mort~,ngee ot aa~ detanlt shall constitntr a
~vafver o[ oc coaseot to subseq~eat defaults.
lbis morl~a~e aad the aote s~ed bereb~ ~nosttt~tte a Pio~rhla oontract and sha11 be cona~ved accocdin~ to the la~vs ct
tLat sta~e.lbe Mort~s~ors bes+eb~? waive all hooaieat~sad e~am~~op Ra,i?~ed b~ 16e Oaastl~ion and La~vs of Flacida.
Zbe covenants aad sp~eemmts ooetaiaed ia tbts moet~tsYe abaII run wNh We land aad Wnd Mcrt~ajocs. tDe h~ira. Mnooal
rept~esentattv~s. succeaoes ud asslYns a[ ~[ctt~ars and all s~tb~eQueat owvners. encumbraaces. tenanb aad sub~ab at
tbe preani~es. and sball enuee t~ ffie DeaeIIt at tbe !~[oet~a~ee. tLe ~aicces~cs and assi~ns ot tbe ~doct~a~ee and aII subsequmt
hoidas a[ tLls noiatt~a~e.
IId W1TN1ffi W~F. tbe l~ort~a~oca 6atre ezecuted tWs instcummt under se~l oa the day aM year IIrst above ~rritten.
Sisoed. sealed and delivered ~
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STATE OF FLORIDA
se..
covx~r oF St . Lucie
m~ ~ a~,~a WilliaID F. Pigley and Juanita J. Pi.zley, his
wi~e
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to me ~veri laqo~vo and lmown tu me to be t6e lndlvidu.t 8 desarlbed In and wbo ezecuted the tore~oln8 ia4trumen~ and ar
,k~rrwlet~t~,~+e me tba ` -
t t}1e3T ezecuted the same tor the put~poae therein expressed.
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FILEO AND RECOROED ~
ST. LUCIE COUNTY. FLA. '~~~i~'l.~ ~-a?.3
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