HomeMy WebLinkAbout1566 To pl+c~ u+d conttnuoushr kNP on tM buildinp~ ~aw or I+K~aftK ~ituab on said bnd and on ~i! puiprmnt u?d p~non~tly oownd by thls n+on~
p~. with ~II pnmfw~ ~haeo~ p+~d in ful6 fin intiur~ou in usual st~ndard policy fonn, ~n • tum approwd by tl+~ MORTGAGEE, ~~+d wi~htonn
inwrana M tM ~wal ~taoda~d po~~cy forny in • sum approvd by tM MORTGAGEE, tn wch comM~Y «~^W^~ +s ~~TGAGEE may
dind~ ~nd all fM~ ~nd wind~wrm Gaurana polki~s on any of said buildinp~, ~ny iM~st tM~~i~ a paA th~rwf, In tM appn~~n wn~ ~fa.aaid a
In ucaa ~Mr~of, aMll oont~in tM wu+l it~odud morty+~ dws~ a sud+ oeM~ dauw a tM Mata+yt~ m+Y nV~~n. makinp tM bu ~x~da t~id po1F
ci~ Mch and ~vKy. paY~bl~ M s~id MORTGAGEE ~s iq imkest may apaar, ~nd ~ach sed ~wry auch policy shall b~ pranptly ui:qn~d ~nd d~liv~r~d ro
any MW by s+id MORTGAGEE a funM? ~ewrity ro wW mort~+p~ d~bt. ~nd. ~wt bst than t~n (1~ days in sdvuxe of tM ~xp~r~tia? of ~ad~ polky. ro dr
Iivu w wid MORTGAGEE a r~w~l thsnof, ~opstMr with a nctipl fa th~ pr~mium o~ wch r~wal~ sno tM~~ iMll bt no fih a wi~to~n+ inswuia
plaad on ~ny of ald bviWiegs, ~ny inl~rat tMr~in w put ths+wf, unlas in tM fo~m'~nd wi~h tM loss p~ysWe ss ~faaaWr +~d ~ tM ~wnt aMr wm
of money becams paYabl~ w+dK wd? polky or polict~s ~+id 1NORTGAGEE shall Fiaw N~ optan ro ~~osiw u?d apply tM s~w on account o1 tM ind~bt~cl~
Mp ucy~~d hu~py a q ptrmit uid MORTGAGORS to naeiw and u~ N a any pu1 tMreof for other purpos~s, without tf~e~eb~ waiviny o~ imp~ir-
+~Y ~~b. ~Nn w~iph1 vndN a by virtw of this matpay~t ~nd in tM twnt wid MORTGAGORS sMll fa ~y nawn f~il fo k~ep tl» aid prNnias w
inwnd, w fail fo d~liver pranptly ~ny of said policies of inwnnu to s+id MORTGAGEE, ot f~il pranPtly to paY iully any pr~mium th~rtfw a h~qr
nsp~ct f~il b pKfocm„ dixh+.p~. ~a~cvt~, ~ff~ct. camPitt~. comP~Y with a~d ~bid~ by this cown+nt. a any part hKwf, s+id MORTGAGEE may plaw ~nd
P+Y fa wch M~wnnc~ o~ u?y put tM+wf witla~t wsivinp or ~fhctinp amr optia?, 1i~n. pu~tY. or ripht vndN or by virtw o! thls Mort~+p~. and the
fuil amaMt af ~ad~ and wery wch p+Ym~nt s~++ll b~ imnwdiat~ly dw aad p+yabl~ and sh+ll bsa~ tnmat from tM d+q thK~of until paid M tM rat~ of
n;n~ p~t c~ntwn pN ~onum ~nd wgNher with wch interat shsll b~ secw~d by th~ li~n of this ~no~tpap~.
r. To pKmN. aommit w wffK no wat~. imP+ument ot deterior~tion of ssid property o~ u~y p+rt therwf.
S. To p~y ~II ~nd sirgular ths•ootts, tharpa and ~xpteses intludirg ~ resson~bb attanay's fee ~nd aos» of ~bstwcts of titb, bKVrced o~ Wid at
~ny tims by said NIORTGAGEE, b~caus~ a in the iwnt of tM failuro on th~ put of th~ s~id MORTGAGOR ro duly. pranptly ~nd fuly pe~form, dischu~
exenAs, ~ffact, aompkq. aar~ply with and abid~ bp ~ach ~nd every tM atipolations. apre~ments, conditioes. ~nd cown+na of ~id promissory ~wt~ and this
mwtWp~ ~nY or ~itha. u~d said eoa». cMrpes and ~xp~es, each and evay, sMll be immedi~t~ly dw and payabM: wMtha or not tMr~ be ootid dr
m~nd, athmpt !o cdNcf a wit p~nd'ugt +nd tM fult amount of wch ~nd rwry wd~ payment ~hall bes. interest from tM dat~ thereof w~til p~id at th~
rste of nirw pe? oentum pK annum; and alI said cdsn„ chupes snd ~zpMSCS incvrr~d or p~id, top~thsr witA wch int~nst, shall be setwed by tM li~n of tlw
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6. That j~ in th~ ~wet of any br~ach of this Monp~ or defavk on th~ part of th~ MORTGAGOR, w(b) in tl+~ ~vent any of aid wms of mon~y
hN~in r~fen~d 1o b~ no1 pranptly and futly p~ld within thuty (30) days next after thf same ssvaatly b~come dw u+d payabl~, without d~m~nd o~ notia,
w(c,l in tlw went each and ~very tl+e stipulatioos„ ~yr~ts, aondi~ions and oov~nts of ss~d pro~riasory note u~d tlus matpap~ ~ny w eitM? ~n nw
iuly, promptly and fully perfwmed, d~xharped, executed, ~ffected, completed, complied with and abided by, thsn In ~ither or ~ny s~ch ~wnt tM s+id a~
qrq~» sum n»ntia+~d in said promissory rats fhe~ remai~inp uep~id, with irom~st ~cvwd, and all moneys secvred hereby, shsll becnm~ dw snd p~y~
able forthwith, w tMresfter, at tM oprion of said MORTGAGEE, ~s fvlly ard compbtely u if ~II of the ssid wms of rnon~y wero wipin~lly stiputated
to be paid on such dsy, sn~rthing in said promissory note or In this Mortg~ye to tMe coon~ry notwithstandirg; and thsreupon a the~eafier at th~ opt'w~ of
•aid MORTGAGEE, wit:wut not~ or dem~nd, wit at la~r or in equity, therefon w the~eaher be~~~, may be prosecuted ~s if all mootys s~cur~d hereby
hsd matWed prior to its institution.
7. That in tM event thst ~t the beginning of or at any time p~ndinp aoy wit ~pon this Mwtgage, ar to fweclos~ it, w to refonn it, a to enfora~
peym~nt of u+y d~Nnt hereur~, s+id MORTGAGEE :!»II apply to the Covn havinp jur~sdictan thereof for tFie appo~ntment of a Recciver, such Co~it shall
fortliwith ~ppoint a nceiver of ~aid mortpsped property all ~nd sinpulu. includ~n9 all snd singvl~r tM income, profiti, iuucs ~nd r~venues from whatwe?
wwe~ daived, esch and every of which, it bein~ expressly understood, is hereby mortgaged ~t if spec~fiully ~et forth and described in t!a prantirg ~nd
hab~++d~xn clauses hareof, ~nd svch Rective? sh~ll Frve ~II fne brwd ~nd effective functions and powers in ~nywiss em~usted by a Ca?n ro a Receivsr. and
•uch ~ppointment shaU be msde by wch Court ~s an admitted equity and s matter ef absolute r'ght to aid MORTGACaEE,, and withouf rsference ro th~
adequ~cy or in~dequacy of the vslw oi the praperty mwtyaged or to the wNency w insolverKy of said MORTGAGOR a the defendann, and that wch
renn, profit:, income, issues +nd nve~wes sh+ll b~ appliad by sud+ Rsceiva accordirp to tM lien or equity of said MORTGAGEE and tM practiu of t~ch
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6. To dulY, proenptly and fully perform, d'ach~?y~. execute, effect, compkte, canply with and abide by esd~ ud ivery th~ stipubtio~s, apre~rner?ts,
coe+finiora ~+d cover»nts in said promiuwy rat~ ~nd this mortgsge set forth. . .
9. That in ths event the ownership of the morty+p~d p?cmises, a any psrt thereof, becomes vested in ~ p~rson other th~n the NIORTGAGOR, tl»
MORTGAGEE, its wccessors and assipro, may, without ratice to the MORTGAOR, deal with such wcce~sor or wccessor in interest with refer~oce ro lhis
moh~~ u+d the deW hercby secured 'm the ssme mamer as with Mortgsgor without in any way vitiatinp or- discha.girg tM Mort~aQors' li~bility hKa
undsr or vpon the debt hereby secvred. No ssle of the premises hereby mortgsged ~nd no forbe+rance on tM' p~rt of the MORTGAGEE or in succesaon
or auigro and no extensan of the time fw the p~yment of the tkbt hereby secured g'rven by the MORTGAGEE or in successors or usipns, shall oper~t~
to ?eku~, dixMrpe, modify change a aHect the origuul Ii~b~Gty of the MORTGAGOR herein, ~ither in whole w in pa?t.
10. It is specific~lly sgreed tMt time is of the euence of this contwct and that no waiver of any obligstion hereunder or of ths ob1i~~Yan se-
a;red hereby sMll ~t any time thereaher be held to be ~ waiver of the terms hereof or of the instrument sewred Ixrby.
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In addition fo the faego:ng monthly paymenls of princ'p~l ae~d interest required by the promissory oole secured hereby, mort~~~ {
and sgrees to mortgsgee with each monthly payment an additionsl sum estimated by mortgagee to be equal to 1/)2 of the annual ?e follow-
ing:
A-All real prope?ty taxes kvied or ainst the above dewibed real estate.
B-Premiums on fire and windstam insurance as herem be curied vements sitvate on the sbove desvibed prertiaes.
C-Premiums on such mortgsge gusranty inwrance a o time de~m fit to urry on tl+e losn sccured hcreby.
Maty+gee shaU from time to ti gagor in writing of the smount due an p hereunder ar~d such wm shsll thereupon be due snd
I pay+bl~ on the due d neat monthly payment and each successive month thereafter until morty ratify mo?tgagw of a charge in wch
~ a shall be applied by mortgsyee toward the payme~+t of rea! property tazes, insursnce prem:ums, sn wy wranty insur~nce
E Premiums•
~ IN WRNE55~ EREOF, tl~e ssid MORTGAGOR has herevmo set his ha~d u~d seal the day and year fint aforasaid.
/ Sipmd, S~ r ~ resence of:
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STATE OF fLORIDA ~
pp St. Lucie
~ ~~~Y ~ ~ Joseph R . Cornwell
Genevieve Cornwel
his wife, to me well known and known to me to be
the individwb described in ~nd who exec~ted the forepoiny instrwnsnt, and ack~wvsrkdoed beforo me that they executed ths same fw the purposes
r~?e~n .~..~d. ~,a s~,. N~ Genevieve R. Cornwell -
wif• o~ M~a Joseph R. Cornwell
. upon a sepa~are .nd pnvr•
ex~min~tion by me takM separat~ and apart from her said husband, adcnovvledged to and befw~ me tF?at she executed said irotrument freely and volun-
tariy and w~thout ~rnr compubion, corotraint, ~pprehen~ioo, w fesr of or from her ' husband. _
WITNESS my hind snd official seal this day of A. D. 19 68
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~ Notary Public in ~nd fa the State of Florid~ ~t l.~r~e
@ My Cortunission ucpires: s G 7
~ Retum Ta ~ l
~ ~rst Feder~~ sav~rgs b two /?ss«~ar~on FtLEO ANO RECOROEDM ~
or~ar r~__:,,, : . ~a at ~~t
°f f°" P'°.`°. ST. LUCIE COUNTY. Fl.1~tf CO?wH~~sioN t.?r~k=5 hOv. Zb, 1971 ~
~ Fort Pieres. Florida n;~~iEF';t{) ~°"°EO 7nauu~N fa..o w. o~est~~„o~s~
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'68 JUl t AM 10 : 22 t~ :y 4,.
This instrumer~ prepared by 'fi- _
Frst federal Sav. & loan Assn. `r " -
.l~$361 ~ = .
of Fort Piercg = • -
:•OGE:R i~ot ~ RAS ' ~
1. D . Cha?stain CLERK CIRCUIT COURT ~ ~ ' •J~ ' `
By - - _ • ~
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0 R ~T;.~I~
gooxl~2 F'A~E1~~0 t . ~k
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