HomeMy WebLinkAbout1118 To pix~ and contirwouily ke~p on tM buildinps ~ww a I+K~ahN ~it~at~ on said lu+d and on ~11 eqvipmt~t ~nd p~sonally covK~d by thb nar1~
ap~, with ~II pnmiwra IMr~on p~~d in fu14 fir~ inivranc~ i~ 1Fw uiwi sa~d~.d poticy iorrn. ~n a:u~n ~pp?owd by tl» MORTGAGEE, ~nd wind~torm
iniwanc~ tn tlw uiw! standard pol;cy farr~, in • wm ~pprov~d by th~ MOR?GAGEE; ie ~uch company w canpaei~s a rF?~ MORTGAGEE may
dir~ett and ~II fk~ u+d wie?dqorm insur~ne~ poliei~s oo ~ny oi Siid buildin~ My inMt~ft tMr~in O~ pitf IhNNt, in tir p~.~yat~ sum aforeaaid a
In ~xc~ ~hawf, aMll contsin tiw wwi standard mort~ayN clava a ~ud? aMr tlavs~ a tM Mortp+9e~ may nqvi?~. makin0 tl+~ loss ~~+d~ ssid pol}
cs.s, .ach ~+d .v.ry, p~yabl~ w~aid A10RTGAGEE as iri ir?tetat may apptu, ~e+d e~ch .nd •v.+y svch pol~c~r •MII M p~anprly au:9ned and d•Iiwred ro
My MW by s~id MORiGAGEE ~s /u?thar s~cvrity ro said mwt~ap~ debt, u~d, not I~ss tMn ten (iQ) day~ in advana of tM ~xpir~Yan of ~sch poliey, to d~
liw~ to s+id N10RTGAGFE a ~enewal thereof, topttMr with a receipt fw th~ p~miwn of wch nnewalj u~d thsr~ sMll b~ no fin u wind~twm insw+nc~
piso~d on ~ny of said build'+nps, uyr interpt the.~in or pirt tMnof. unless io tM form'aed wi~h tfN loss pay+bt~ u ~tons~id: ud in tM ~w+~t aay swn
of maNy becomy p~yable ~rnda wch policy o? policia said MOltTGJ?GEE sl+all haw rM optia? to ncsiw u~d ~pply tM sam~ on accow+t of tM 4~d~bred~
n~u Ncv~~d M+~by a ro p~imit said MORTGAGORS ro rec,~iv~ ud u~ it w ~ey pa?t thereof fw othe~ p~,rposa, w~~hout ~he.eb~ waiving a impair-
lnp any p~ity, li~n p ight ~ndet w by viHw of this mott~~ ~nd in tM ~vMt Nid MORTGAGORS ihalt fw any ?Naon fail 1o ktep IM ~id pr~mists so
in:vred, or fail 1o dsl;ver prompNy ~ny of said polici~a of insunnu to said MORTGAGEE, or fail promptly to p~y fullp ~~y prNnium tM~efa a ln anY
rypect /ail ~o p~rfocm, diuhu~e, execute, ~ff~ct, oomplet~, comply with_ and ab~d~ by this cove~ant, or ~ny put hereof, ssid MORTGAGEE may plac~ and
..-4 ..w ~+n Hw~nf without walvinp a ~fhttinp anY opti0n, IiM, pvity. or ?iyM wiJ~r a by virtu~ of this Morf~~. and tM
ri .u~ 5~:+
full anou~t of esch and ewry wd~ payrt»nt sMll b~ imrnediatNy aw ana payabi~ and sfwll bear intKest from 1M da» tMreof until paid M tiw rat~ ol
niM ptr t~ntum pN ~nnum ~nd logether wi~h such intaest si~ti b~ iecund by tM li~n of this tnortyap~.
1. To p~rmit, oommit ar wfter no wau~, rmPairmenr ar de~..a.auon of ,a;d properti a u~y Pa?~ iher.of.
S. To pay ~11 ~nd Nrgvlu th~.eos». chsrpn and expense~, i~cl~dirg a r~asa+able attae~ey's f~s ~nd cosn of ~b~trscrs of titt~, GKVrc~d a p~id ~t
~ny ti~me by said MORiGAGEE, b~c+u~ or in tM ~wat of tFw fail~ro oe~ th~ part of tM saM MORTGAGOR to duly, promptly ~nd fully p~rfonn, dischar~
~xecvte. ~ffed, oompl~t~, ownpfp with and abid~ by ~ach and evsry tM stiperlatan~, apreements, cw~ditiora~, and oownanq of said promiswry not~ a+d tFw
marpape ~Mr a ~i~l?K. ~od sa~d cos». d?u~s and ~xpe~res. e~ch ~nd wery. ah~ll b~ immediately dw snd p+y~ble: wMtlw a not th~n be notici ds
m~nd, att~mpf to coll~ct or wH p~ndinps +ryd tM fvl) anwent of sach ~nd rvery wch p~yment sMtl bea. interest from the date the~eot until p~id N the
rate of nine per centum psr annum: and all said cbatt„ ct+uy~s snd eapsnses incvrred a p~id, topetMr with suth intK~st. sAall b~ s~cwed by tM IiM of thi~
b. ih~t in t!~ eveM of sny brc~ch of this Mortyays o~ defwlt on tht p+~t of tfie MORTGAGOR, or (bI in tM ~v~ent aey of said wna of money
hertin refefr~d to be not prompty and fully psid wifhen thirty (3p) days next afte? the s~me severalty becc+me due ~ed payable, without dem~nd or not~oe,
or in 1M ~wnt ead+ aed ewry tl+~ stip~rlatioe?s, agr~snts, conditiau a~+d cover?~nb of said promissory note ~ed th~s mortga~ ~ny a eitMr are ~w1
ivly, promptly snd fully pKformed, d~schir~ed. execvted. ~ffecred, canPl~red, eanplied with and abided by, th~n in eithe? or any s~ch ~wnt th~ said ag
prs~sts wm mentioned in ssid yromiuory not~ theo rsmaininp unpaid, with i~terest scvued, and all moneys secur~d IwrebY. shall becom~ and p~y~
able forthwith, a th~reafter,. at tl+~ option of said MORTGAGEE, ss fully ~nd comp(etety as if alt oi ti+e said sums of ewn~y wert o?iQerully st~pulated
ro be peid on such day, anythirg in sa;d promiuory note or in thh Mortyagt to the tontrary notwithst~nding; and thereupon w thcreafter at ti+~ option of
said MORTGAGEE, wi~hout not~ce a dem~nd, wit at larv or in equity, tF~sfon or thereafter begun, may be proxcuted u if ~II morKys a~wnd iw~by
~ed matured prios to its in3tihttioet.
7. That in t!w fvenr that at tAe beginninq of or af a»y tirn~ pendiny soy w~t upon this Matgage, w ro forectose h, or to reform it, Qr to enfom
paymcnt of a~y claims hereunder, ~aid MORTGAGEE shall apply to the Cwrt hsving jur~sd~ction thereo} for the appantment of a Rettivcr, avch to~?rt shall
fwtliwilh ~ppoint a receiver of said mortgaged property att a?d sioputu, inttud~ng all and singular the iiuome, proiifs, issues and reven~es from wh~t~va
wwcs derived. ~ach a~+d every of which, it be~np expr~uly ur?derstood, is hereby mwtgaged as if apecifiully set forth u~d dewibed in the prantinp and
habendum cl~uses hereof, and such Receive? shall have all the pro~d and effecr~ve funn~ons and powera io anyw~se enr.usred by . Cou.~ ro• Rece~ver, and
s~ch appointmeM shal! be made by such Cowt as an sdmittcd equity and s rtNtter oF sMolute right to aid MORTGAGEE, ind without referenc~ to ths
adequscy w in~dequacy of the value of the prbperty mwfgsged w to the so~vency or i~solvency of said MORTGAGOR a the defe~da~n, u+d that such
renn, profiri, ir~come, iu~es snd revenues shatl be spplied by such Reoeiver accordin9 to the lien or puity of said MORTGAGEE and the practice of such
CouA.
6. To duly, promptly ~nd fully pe?form, dischar~, execute, effect, compkte, oomply with and abide by each ~nd every the stiputations, agreemer?b,
conditions a?d covenanrs ~n sa~d promissory note and tha mwtgsg~ sef fwth.
9. That in the event the ownenhip of tM mwtga9ed premises, or any part thereof, becomes vested ir~ • penon other th~o the MORTGAGOR, tM
MORTGAGEE, its wccessors and assiyns, may, wirFw~rt notice to the MORTGAOR, deat with such successw w wcceasor ~n interest with reference to this
matpa~e and tl+s debt hereby secured in the s~me msra~ as with Mort9spa without in any way vitiatiep o~ di:charpin~ tM Mortyapors' liab:l~ty hcrs.
under a upoe~ ths debf hereby secured. No ssle of the premises hcreby mort9sged ~~d no forbearance on the part of the ly1pRTGAGEE w in successon
or ~uigns snd no extension of the time fu the payment of the deb~ hercby secvred 9iven by the MORTGAGEE w its successon or assiyra, .h~lt operat~
tn rekas~ di~ch~r~e, modify change or ~ffect the oriqinal liabiliry of the Ml~leiCantaGA nC?eifM ~tiii~ei ia iv:.a:c ,r. in parf.
10. It is :pecificaNy agrced that time is of the euence of thia contract and tMt no wsiver of u~y pbl~gstion hereunder or of the oblip~tion se-
a.red hereby ~h+0 ~t ~ny time tlkreafter be he~d to be ~ waiver of the terms hereof or of the instrument secured herby.
11. In addirion ro the forego:ng monthly paymeMS of princ:pDl and interest required by the promissory note secured hereby, mortgsgor covenants
and ayrees to pay to mortgagee wirh exh monrhly psyrrttrtt an add;rionat svm esfimited by mortgagee to be eqwl to 1/12 of the annual cost of the follow-
i;~:
A-All real property faxes levied or sssessed against the above described resl estate_
B-Premiums on fire snd windstorm insu~ance ss herein requ~red to be carried on ti~e improveme~h sitwte on the above described premises.
C-Premiums on such mortgsge gwranty insvrar~ce as mortgagee shalt from t~me to time deem fit to carry on the loan secured hereby.
Matgagee shall from time to time notify mwtgagor in writing of the amou~t due and payable hereunder a~d :uch sum ahall thereupon be due and
paysble on the due date of the next monthly paymem and each successive month thereafter until mortgagce shalf notify mortgagor of a change in wch
amount. Such sums ahall be applied by mortgagee toward fhe p~ymenf of resl p?operty taxes, insurance prem:ums, and mortgage guaranfy inwrante
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand a~d seal the d+y and yea? if ~forasaid. , n
~ n Sign~d, ~ed deli r~d in the presence of: y
L-~i~ ss arry . a f~,
~ 0
r, c ~
~.~~c~ss ce . c ag
n
' STATE OF fL4RIDA
COVNTY OF _ ~ /M ~ O ~ ~
' bef,.. m, per,o„,~~y ,p~,,,,ed Nazry H. Schrag
'
! A Z 1C6 B. Sch rag his wife, to rn~ rwll known and known to rn~ to b~
; tM Indvidwb dhcrib~d in and who ~:~cvt~d tM fweyoinp instrvnrnt, and acknow{edped befwe me tMt tMy executed the sam~ for tht purpows
rhe..in .xP,..,~d, Md rh. ,,;a A lice B. Sc hrag
j «ir. a N?. wd HarYy H. jchrag upo„ .,ep...r..~+d p.iv.+.
, eaamination by m~ taken separaM ~ew! apart from her sa;d hutband. adcnowledped to ~nd be(or~ rr~ that s1~t :xscuted wid intitrwnent ireelr ard volun-
?uily and withovf a~yr compulsion, constraint, ~pprehens;on, o fe~r of w from Mr said husb~nd.
WITNf55 my har~d ~nd offici~i seal t' d~y of `J A. D. 19 68
+ry PubIK «~d fw the Stat~ of Flor~da ~t t~rpe
My Commission expiras:
R~~wn To:
first~ ~1 S~vinpa 8 loan /luociat:o~ F~LEp AN~ REL`QR~ . ~
of F~+ P,«<.. ST. LUCtE COUNTY. FIA. tia;;::r i~_.., ..:.z _ t
Fon P:erce. Fio.;d, RF.CORn YERIFIEO COAI~ti;s~uv E.<<~~RES SfPT. 6, lYS9
ioko[O 7MnoucM sw~• w. oitsrtu~pMt ~
' 1 ~8~5~3 . . . . .
~
' Th?s instrument preparpd M '68 ~1UN I 8 AM 10 : 0~
i First ~ederal Sav. b Loan Assn. /e~~~~~ ~ - , '
~ of /r'owrt Pi . ~{p ; - ^
' r,', , ...l::L.K '~Di1~riJ . ~ . .
! $Y CLFRK CIRCUI7 COURT l ,
~ • - i
~ saax 172 P~E 1114 ~ ~ ' ;
~
~ f , ck
r~ ,
- - _ _ _ _ -