HomeMy WebLinkAbout2165 ~ • i . _:.l ~
1. To plan and cominuously k..p on ~M buildinps now o? Mr•+fi.. ~ih,an on said land and on a11 putpr,em u~d penonall~r cov.r.d by Mis map~ ~
p~, with all pnmiw~w tMrwn p+id~ in fulb R~~ iniu~~nc~ in t!v vswl sandud polky fam, r+ ~ sun~ ~pprowd by the MORTGAGEE. s~+d wind~rorm ~
Gaw~nc~ in tM vawl stand+~d 'kwlicY fam. tn a sum ~pprovad by tM MORTGAGEE. in wcA comP+^Y o+ con?W~ies a tM MORTGA(iEE may
dinct~ and all fk~ ~nd winditorm lm~~a~a polic~a oe +ny of ~aid buildinps. ~ny int~nst tt»r~in or pan the~~oi. in Siw ~yqrpN~ wm afaesaid or
in ~xaa ther~of, ~lwli ca+tain ~M wu+l sarnlud mortyayN clause a tuch o~h~. da~ a tM Morroaps~ enay rpu'a~. m~kinp th~ loss ~ndN s~id poli~
cia. t~ch and ~vKY. P+r+bl. a ad MORTGAGEE a in inmes~ m.y appa+•. and tach u+d ~very a~ch poliq aMll b~ pranp~ty +ss:~ned ~nd dtlivend to
~ny MW by said N10RTGAGEE a furthK secwiry to s+k! matp+~ d~W. +nd. not ku th+^ p0) days in advaece oi tl+~ ~~ir~tan of ~ach policy. to dr
liwr w aid MORTGAGEE ~ r~wal tMrwf. top~thw wtfh ~?ec~ipf fa tM prrmium o~ such r~n~w+IJ u~d tMr~ ih+ll b~ no fin a windstam inswa~n
p~ao~d oa a~y of wid buildirgs, anlr intens~ tM~ein a put tM~f, w~l~ss in ~M fo.m and wi~h tl+~ loss p~Yabl~ u afa~iaids +~+d in ~M ~wr?t ~ny sum
of mon~y becanq paY+bl~ v!d~ wch PdkY p Polici~s ~aid MORTGAGEE shall Mw tM option ro ~~osiw and apply the s+m~ on accow+t o~ tM kid~b~ed~
e+~s wcw~d h~reby or q pKmit ssid MORTGAGORS to noeiw u+d vw it w~~y put ~hereoi i:.r other p~rrposes. without ~hNeb~ waiviny w impair-
irq ~ny puity, ti~n a~1 w~d~r or b'p virh+~ of this enortpa~~ a++d in tM ~vseH u~d 1MORTGAGORS shall for ~ny r~asa~ fail fo kaep tM ~id premises so
iraw~d, or i~il b d~ promptlY ~nlr of ssid pol~cies of insunnoe ro said MORTGAGEE, w fa~~ PromPrhr ro pay to~h a+?y premivm therefw a in ~ny
r~~ f~ii w paiocn~, dncharye• ~xecvt~. ~ffect, compba. oomply wirh ~nd ~bid~ by ti+is cow~+nt, a any pan herwf, ssid MORTGAGEE ~nay place +nd
paY for wch krw~nc~ o~ a?y pa~t thereof without wsMinp or aff~ctinp ant? option, IMn, puity. ot ri~ht undM a by virtw of this Matpq~, and tM
full amo~rnt of ~sch and ewrp wch P+Ym~M sh+il b~ inrmd'Nt~ly dw and p~y~bt~ and sA+ll bw ii+tK~st fran th~ dat~ theraoi until paid a1 tM ~+t~ of
nir» pK cw?~wn p~r aewwm ~nd toye~hsr with wch inte.est sMll b~ secvnd by th~ ti~n of this matp+p~.
1. To p~it, oann~it o? wffer no wast~, imp~i~ment w deteiantion of said proparty a anr p+tt t}~ttwf.
S. To pay al) ~+d sirg~l~ th~ twts, cl~rpas a~+d expenses, includinp s reasonabk attome~7s fee snd aoits of absn+cts of titi~. incurred o~ p+k! +t ~
•ny ti~ne by iaid MORTGAGfE, beu~s~ a in ths ~wnt of ~M fsilun on ~h~ p~rt of tlw said MORTGAGOR w duly, p~omptly ~nd fuliy paform, d~schar~
execut~. ~ffed. oanplet~. aornpty with ar+d abide by tsd~ and every tM itip~l+tiona, ap~esme~h. co~ditions„ aod oovenanb of said promissory not~ and tha
mwrsap~ any or ~itMr. and s+~d coan, charq~s ai+d ~xperres, each ~nd ~very, sh~ll b~ immediatety due and p~y~bl~: whefMr a rwt ti~ere b~ norici ds -
m~nd, ~tt~mpt to oollecl or wIt pu?dinp; snd tM full ~nt of ~sch u~d every wch payment ih+ll bear intcrett from the dat~ tMreof until paid at the ~
rare of nins pa oee~tum pe? ~nnw+r, u+d all said c3an, chsr~es and expenies incwred ot paid, topether with such ime~t. shall b~ a~cv~ed by th~ li~n ol thi~
~t9+0~• a
e. That in th~ ewnt of any br~ach of thb Matpspe w def~ult on tFr put ot th~-MORiGAGUR-.-orEl~--in-N+e-ewnt ~ny of w~d swm of-w?on~y _
henin r~f~rc~d to bs not prwnptly and fully p+id within tli~rty (30) dayi next after the same seve?ally becane due ae+d payabb, without dema~d a not~te.
or in th~ ~vent each and evKy the stipulatio~a, a9raem~nts, caKlitions and covemnri of s+~d promisswy not~ a.d th~s mortpspe u?y a eitl+sr an no1
~vly, prompHy and fully performad, dlxharged, executed, effected, completsd, complied with and ab~ded by, then in either w anY such w~nt tM said a~
pre~q wm mentioned in s~id promissory rate ther~ rem~inirg ~npaid, with imerest +cuued. u?d ~R moneys secvred Ixreby. sMll betome dw ar+d p~y-
•bl~ fwthwith, or theresfter, al th~ option of said MORTGAGEE, u ful~y and compl~tely ~s if all of the wid s~ms of moesy were wpinally atipulated
to be patd on tuch dsy. anythiny in said promissory oote a in this Matgsge to ths contrary notwithstsnding: snd therwpon or thereahe? at tFw op~an of
said MORTGAGEE, wstlaut ootic~ w demand, wit at I~~r w in equity, therefore or thereaher beg~~, may be prosecuted as if ~11 ma+eys secur~d hsreby
had matwed prior to ib institution.
7. TMt in tFw event th~t at the beginniog of w ~t ~~y time pending ~qy wit upon this Mortgage, w ro fwecloss it, or to mform H, a to enforce
paymer~t of any daims hereu~der, s+id MORTGAGEE shall apply to the ~oun havin9 jurisdiction thereoi for the appantment of ~ Receiver, such Cour1 shall
FortFiwith appoiM a:eceiver of said mortysged property all and sinyulu, includ~rg all •nd singul~r the income, p?ofits, issues and revenues from wh~tever
wurce darived, each ~nd wery of whKh, it beinp expressly understood, is hereby mutgsged as if specifically set fa~h ~nd described in tM y~~ntinp and '
habendum dsvses hKeof, u+d such Receiver shall Mve atl the bosd and effettive funct~ons and powers in anywiu entruated by s Court to • Receiver, and i
s~ch sppointma+t shall be made by wch Cowt ~i ~n admitted equity and s matter of absolute right to said MORTGAGEE, and without reference ro tM j
sdeqvacy or inadequacy of tM v~lue of the praperty mwtgaged or w the soivency o? insolvency of said MORTGAGOR w the defendants, and that such j
renta, profits, intome, iuues ~~d revenues shafl be ~pptied by ivch Receiver accwd~ny to the lien or puiry of said MORTGAGEE and the practite of svch j
Cou~t. .
8. To duly, prompHy ~nd fuly perform, d'acharge, execvte, efferr, complete, comply with and ~bide by each ~nd every tF~ stipulations, ayreements, ~
conditam and covenams in said promissory note snd thit mortgage set fath. ~
9. ihat in tl~s ~vent the ownenhip of tl±e mortgsyed premises, a sny pan thcreof, becanes vested in a person other thsn the MORIGAGOR, th~
MORTGAGEE, iti sucuuon am! suig~u, msy, wi~hout notice to ~he MORTGAOR, deal with such successor w svaeuw in intcrest wi~h ?eference to this
u
morty~e ~nd the debt hercby secured in the ssme maru~er ~s with Mwtgsga withovt in a~y way viti~tu~g o? dixMrging the Mort9sgon' liubility hera
under w upon the debt hereby secured. No w!e of fhe premises I+ereby mortgaged and ~o fwbearance o~ the part of the MORTGAGEE w iti successon
w+ssigro and no extcnsion of the time for the paymem of the debt hereby secured given by the MORTGAGEE or its svccessors w assiyro, shall operat~
to relsase, diuliarpe, modify charge a affect the origcnal li~b~l~ty of the MORTGAGOR herein, either in whde w in puL
10. It is spec7fically agreed that time is of the essence of this contr~d +nd thst no waiver of sny obligatan hereunder a of the obliyation se-
n,red Fwrsby ihall at ~ny time there~fter be held to be a waiver of the terms hereof a of the instrumeM secured hcrby.
In addition ro the forego:ng monthly payments of print'~pl and interest reqoired by the promissory nort setured hereby, mortgagor
and a9rees y ro mortgsgee with eath monthly payment sn addiiwnal sum estimated by mortgagee to be eqval to 1/]2 of the annu the follow-
ing: ~
A-All real property
tax_es w assessed against the above deuribed real estate.
8-Premiums on fire and windstorm iro ein required fo be urri mprovements situste on the above described premises. }
C-Premiums on such mortgsge gusranty insurance as ma to time deem fit to csrry on tMe loan secured hereby. ~
! Mortg~yee shsll from time to time ' sgor in writing of the amount due snd payable wm sF+all thereupo~ be due and
pay~ble on the monthly payment and each successive month thereafter until mortgagee shall notify mor in wch
~ art+ouM'-~uth
sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guar~nty insura
premiums.
~ IN WITNE55 WMiREOF, the s~id MORTGAGOR has hereunto set his hand u+d seal the day ~nd year finf aforesaid.
E Se~ld deliva tl+e presence of: ~
~
~
rc--n
~
~
STATE OF FLORIDA ~
St. Lucie
courm oF . .
~f~ ~„p„~H Robert B. H. Cullins ,,,d
~ LA111S@ CL111~J18 his wiie, to me well knawn and known to me to b~
~ the (ndividwb describ~d in and who ~xacuted the f«~9oinp inst~!~!^
t, ~nd ledped before me that they sxecwed th~ wme for tM purposes
rhNS~n ~xpn~sd. Md tM si ~~++Se Cul~S
~ wif~ ot tFw uid RO~Qlt B• H• tl~l nS ~po,~ ~~r~te ~nd privaM
::~m~nstion b~ mr uk~n s~pa.~t~ snd apan from her said i?usband, ~cknowledped w~nd befwe m~ tMt she executed taid irotrument fretly u~d volw~-
rarJy ~nd witho~t ~rpr compulsion, constnint, ~pprehens;on~or feu of w from htr said husb~nd.
` WITNESS my Mnd and official se~l thi. day of A. D. 19 68
~
t~
ti Notary P ic in ~nd (w tlx St~t~ of Florid~ at lary~
~ My issl«? tap'wes: _ L, / 9~/
~ Retum To:
~ fint f~ra) Sarinp~ i lo~n Association • •
Of Fwt v,~.c.. •.se»:i:~~iJ Kaiary i~u~c. SUIe ot fto+.~a at luqe
fat Pierce. flaida .~„~1~ i, 11 EXPr 6. ~9n _
~Ay Com+aiasia a cs,
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F~rst Federalment Are~rtd by . ~~~NTY, nLA.
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