HomeMy WebLinkAbout1568 S. To plau ~nd conti~ausly k~ep on tM buildiops now w I+e«afta situ~t~ on said land ~nd on +It pvipreNet uid pKSOn~lly oovK~d by thH morq~
~p~, with ~II pr~mlw~A tlwwn p~id in fuQ, (in insuru?c~ in t!~ uiwl irandard policy foan, ~n a sun? ~pprowd by tM MORTGAGEE, and wind~torm
tnswanc~ G? tM wwl tt~ndard policy fam, le a sum ~pprov~d by ~M N?ORTGAGEE, in wcA canpany o? oomp+nla a th~ MORTGAGEE may
dk~ctJ ~nd ~11 fir~ and wk~htwm inswaap potici~s on u~y of ~sid build~ ~~ry? inhrht tMr~in o? put therwf. h tM ap~ep+» w~n aforaaid o?
M ucass thenof, ~hall com~In tM uswl s~~ndud mo.tpa~ cl~v~ a wch od+N claus~ a tM MorroayN n?+Y nVu'a~. m~kfnp tM 1~ und~r ~+id po1F
clM, ~sch u~d ~wry. p+Yabl~ w s~id MORTGAGEE ~s iri interes~ m~y ~ppN~. ~ed each and ~wry ~~cA policy slNII b~ pranp~ty asi:~eKd and d~liwr~d to
sny haW by said MORTGAGfE ~s funhK security to satd rssa-s~s,;. ~t, a~d. no1 less than tM (1~ days in ~tlv~nc~ of th~ ~xptr~tion of ~ad~ policy. to d~
IivN to s+id MORTGAGEE • ~Mew~l tM?~of. topetM? with ~ r~nipt fw tM p~mlum of wch ren~wait and the~ sh~il be no fin a windstam Insw~u
pt~cad on ayr of uid buildirg~. a?y intaest ther~in a paH tF~wf, ~nlqs in th~ fam'aod with tht loa p~yabt~ s~ ~fons~td~ u+d in the ~v~nt aey ~um
of maMy beeoma payaW~ w~ wch poliey o~ polieia ~+id MORTGA('sEE shall haw tM option ro naiw ae+d apply tM san» on aaount o~ tM ir~bted~
nys s~cvnd Fw~~by p w permit aid MORTGAGORS to reteiw ud us~ if w ~ny part the~eof for other pwposes, wi~hout thereb~ waivin~ o~ impair-
inp anY puify. IiM w~ipht under or by virtw of this mottpp~s Md in th~ ~vent Nid AAORTGAGORS sh~ll fw ~~y r~afon fail fo kNp ti~ri :ai~ premisq so
tnsur~d. or fail b delivN promptly any of said polici~s of in~wwK~ fo ~aid MORTGAGEE. or fail prompty to pay tvlly ~ny p~emHxi+ therefa a(n ~ny
nspM fait b pNian~, discMry~. ~xecut~. ~ffM. compl~t~, oomply with and ~bid~ by N~is covMant, o~ aey p~n hK~of, s+id MORTGAGEE may plau +nd
WY for wch Mawano~ w ~ny put tFwreof without w~hrinp or ~ff~ctirq ~^Y eWia4 ~t~n, pvity, a ripht undN a by virtw of thi~ Matp~pt. and tM
ivll amouot of e~ch ~nd evKy such paymeet sM8 be t+nn+~di~hiy dw snd pay~bl~ and ~hatl b~u intaat hom th~ dat~ thenof until p~id M th~ rat~ of
nirr p~? tentwn p~r ~nnum and topetF~ with sut~ internt sMll b~ ~etund by tM i'»n of this t+wrtp+pt.
4. To p~rmH. aoeewnit or svffer ra wut~, fa~ument a d~tKaratan of said propwty or any part thKeof.
S. To p+y ~II u~d ~gula? th~.caan, chupss ~nd ~:pMS~s, incl~dinp • reason~bi~ ~nwnay's fee snd aosn of ~bsnacts of titls, incuned w paW ~t
~ny tim~ by said MORTGAGEE, becaus~ or in tM went of tM failun on tlr psrt of tM taW MORTGAGOR to duly, promptly ~nd fvily pKfwm, diacM~g~
~x~cvte, eff~d. compl~h, comply with and ~bid~ by ~ach and svery tM stipvlatiwn. +preeme~n, ca~ditioro. and oow+Wnb of said promissory nots and thw
mortgaoa amr or eitlwr. and sa~d coats. chuaa u+d ~xw~res. e~ch and ~vrn?, shall M immedi~t~ly dw and pay~bl~: whethtr a not tMr~ b~ notici da
msnd, ~ttempt to collect or ~vit p~ndinpt and tl+~ tull amovnt of ~scl+ ~nd evsrv wch p~yment shaii bear interest from tht daq thereof until p~id af t1+t
, ?ate of nime pet ta+tum per ~nnvm; snd all aald odsK, thsr~es ~~d expentes irKVrrd w paid, toyttMr with wch intenst, ~h+ll b~ s~cured by th~ li~n of this
mortp~.
0. 7Mt (a ie ths ~wnt of ~ny br~ad~ of thb Mort~~pe or defavlt on th~ part of the MORTGAGOR, w(b) in tM event ~?y of wid wms of money
henin r~ferr~d to bs not promptly and fully p~id within thirty (30) days nsxt after the s+me severally becnrt~e dut a~d payable. without dtmand or notice.
or W in tM event ~ad~ and every the itipulatio~s, sgrasmenn, conditioes and cov~nann of said promissory note u~d tlws mortp~ any w eitMr an no1
iuly. promptly u~d fully performed, discharped, txecuted, ~ffbcted, compkted, complied w~th and ~bided by, then in either a any wd~ ewnt th~ said ag
pre~f~ swn m~ntion~d in s~id pranissory note then ram~i~inp unpaid, wirh intm~st accrwd, a~d all moneys tecvred hereby. sh~ll bsaom~ dw and pay~
~bl~ forthwith, or thereafter, at ths optia+ of s~id MORTGAGEE, ~s fully ~rd compkaly as H all of the said swns of mor»y we~e oripinally stipulated
ro be p~id on such dsy, anythirg in ssid promissory eofe p in this Mwtyage M the conh~ry notwithstarxliny; and ther~upon w there+fia at tl+~ option of
•aid MORTGAGEE. without notKe w demaod, wit at I~~r or in equity, thereiore or thereafter bepon, m~y be prosecuted as if ~II mo~eys s~ar~d haeby
had tn~tured p'wr to ib institution.
7, ihat i~ ths eve~t that at t!rc beginning of w at any time pending aoy suit upon this Matgsye, w to fo?ecbse it, w to refwm it, a to enfwct
psyment of ~ny d~ims hereunder, said MORTGAC,EE sMlt apply to the Court having ju~~sdrction thereof for the sppantment of ~ Receiver, wch Cowl shall
fortFiwith ~ppoint a receiver of said mortgaged property all u+d sirgular, Includ~~g all ~nd sinqulu,l~x irKOme, protits, tswst uid revenues from whatev~r
sowce derived, esch and every of which, it beinp expressly understood, q hercby mwtgaged as if spetifiully sN forth ~nd dewibed in the pr~ntinp ~nd
habendum cl~us~s Mreof, and s~ch Receiver shall h~ve all th4 broad ~nd effective fvnctans and. powers in anywise antrusted b~r ~ Co~rt ro a Receiver. and
such appointment shall be made by such Cowt as an s~nitted equity snd ~ m+ttn of absolute riyM tQ wid MORTGAGEE, a~d withoul reference ro the
adequacy a in~dequscy of the vslue of the prbperty mortgs9ed or to the sohenqr or iowlvency of #iid MORTGAGOR a th~ defendants, snd that such
renn, profib, income, iss~es a~d revenues shall b~ apptied by wch Receiver accwdinp to the lien a equiry of said MORTGAGEE and the p?actice of such
Cn..M- • .
8. To duly, p.omP~y aod fi,~y ~rfw.~, d~scha.9., exewte, effecr, complete, comply with ~nd abide by esch u~d swry the stipulatioes, a~reernents,
conditian and covenann in said promissory eate and tha mortgage set forth.
9. That in the event th~ awnenhip of the mortgs~ed premises, a a~y p~rt thereof, becoma vested in ~ person other than the MORTGAGOR, tM
MORTGAGEE, Ns sucuiwn and auiyns, may, withoW notice to the MORTGAOR, deal with such successw or successor in interett: with reference to ihis
mat~aps and ths debt hereby ucwed in the sune m+nne+ as with Mortgago. withovt in my way viti~tirg or d~scMry~ng the Matyapas' lisbility hera-
under or upon the debt hereby secvred. No s~le of the premises hereby mortgaged and no forbe+r~nce on the psn oi the MORTGAGEE w in succesaon
w augm ~nd no extension of the time for the payment of the debt hereby secured yiven by the 1NORTGAGEE or in avccessors or assiqns, sh~li operaro
to release, dixFyr9e, modify change or affect the wiginal liabi6ty of the MORTGAGOR herein, either in wFak w in p~rt.
10. It is specifically agreed tMt time is of the euence of this cont~act and tMt no waiver of any obligation he~eurde~ w of ths obliy~tion sr
cured her~by sMll at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby.
n addition to the fwego:ng monthly paymenb of print:pDl and iMerest required by the promiuory ~ote secured hereby, mortgsgor ewntt
and agrees to ortgagee with each monthly payment an addi~ional sum estimated by mortgsgee to be eqwl to 1/12 of the ann o the follow-
ing: ~
A-All ~tal property taxes kvi against ihe ahace described real estate.
B-Premiums on firo and wirdstwm iruurance as ' ed to be urried on t ovemenn :7twte on the sbove deuiibed premises. ~
C-Premiumt on such mortgage gwranty inwrance as mortgsgce shall fit to tarry on the ban tecured hereby.
' Mwtgsgee shatl from rime to time norify mort ' ' o the amount due snd pay+bk he? wm shall therevpon be due and
~ payaWe on the due date of the yment and each successive month'thereaher uatil mortgsgee shall~ noti chanye in such
G amount. spplied by morfgagee toward the p~yment of real properry tsxes, insurarxe prem:wns, arxl martgaye guarantyitl~ohq~
~ prem~wns.
f N WITNESS WHEREOF, the said MORTGAGOR has herevnto set his hand and seal the day snd year fint aforesaid.
~ ' nsd, Sta deli tFk presence of: ~ •
~ /!~L'!~ 4
' n
n
n..~
STA7E OF FLORIDA ~ ~
St. Lucie
courmr oF . . , .
oefon me psrsooslly ~ppaarod J~BS H. 9II~th. Jr. ~
Cd2'O1Vlt M• S~1l~th his wife, to me well known and known to me ro be
the individwb described io and who executed the fore9oirg instrum~nt, and atknowledged before me that they executed the same fw the pwposes
rherein express~d. Md rl+e sa~d C8l]COlyri M~ S7t~th
wife ot the s~id Jaues H. $m~t~l ~ Jr. , , upon • separate and priv~t~
ex~m'uuYan by me taken sepuate and apart from i~er seid husband, ~du+owledged to and befors m~ that shs exacuted said irotrument freely and volvrr
tarily and witho~t uqr compulsion, comtraiM, apprehens7on~ feu of or from he~ said hvsb~nd. .
WRNESS my hand and official seal this 9 day of A. 0. 19_~
~
:
Notsry blic in ~nd for t Stat~ of Florids st larpt t
J/
~ Retum Ta i . Y e~~ ~
First F~dtrsl Savings d. loan Astociation ' ' t~;,~r~''.. ;f;
~ . . ~
~ °f F°`r P""°. f 1LE0 AND RECOROED ~
.
PK,«, Florids gT. LUCIE COUNTY, Ft~A~`:`~Sy1i~It+~~~j' ~ Notary Pu61'K, Sbte of Fiorid~ ~t 4rq~ #
~F:C~}pn VFRIFiE~ :9~i~;~t My G~mmaian~Expres Auq. 6,19T1, ~
~ . . ~+Q ~ ~ ~ e..~ - ~ ! . s w.a.a ~r ~.«+~+s He a cnwr c~
~ ~VfJ~V~.~~ ~
~ ~ : .
~ This instrument prepared~~ JUl Z~ `'-3 _
~ • / r • ' .
Frst Federal Sav. & Loan ~ s ~
~ . of Fo rce i~-!v c2-~cl~~- .3 °`q .~4~ :
~ ::4G~~i? i 017R1.S~%::l~~ •.....••'~0~~~` ~
-c ,
BY ~ RK CIRCUIT COUFY~:. ' ~
~ _ ~ f- _ Boox ~ ~2 F~~~155~ ~ ~ ~
c ~
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