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HomeMy WebLinkAbout2526 . . t i ' " i , . 3. To ptau and cont&wo~sly kNp on th~ bvildinps now a l+er~sf~a situst~ on iaid land and oe ~II equipen~nt u~d p~non~lty covK~d bp Mi~ mat~ p~, with all pr~miu~rA thenon p~id in full, fi~~ inturanc~ in tF~ uiwl iraodard polky foren, ~n a wnn ~pprovad by tM MORiGAGEE, and wi~datam Yaw+nc~ in ths viwl aundard pol~cy fam, i~ ~ wm approv~d by tM MORTf~IGEE; in wch comp~ny o? companhs q tM MORTGACrEE n?~y d~~~ ar+d ~ll fir~ u?d winsbwrm ir?suwe~u polkNS a+ any of ~id buiW~nps„ My i~t~st ther~in a pu~ tM.wf, in ~M ~pp.pa~ wm afa:sa:~ o~ In uccea th~nof, ~MII contain tM uwal staedud mort~sp~ dsus~ a:uch otha daus~ a tM Mori~a~ m~Y nqvir~. nwkiop tM 1oa v~wbr uid pol} ciM, Nth ~nd ~wry. paYable b said MORTGAGEE as ib I»f~?es1 maY appN~. ~nd eath u~d ~very wth polity aMll b~ pranptly •a:pned .nd d•liwr.d ro ~ny hNd by aid MORTW?GEE ~s funhK pev~ity to s~id monpsp~ d~b4 ~nd, not Iqs th~n t~n (10) d~y~ in ~dvu?c~ of tM ~xpintan of ~aeh poliey. ro e!r liwr to s+id MORTCAGEE • ~sn~wal tMreof, to~ethK witA ~ reuipt fw tM pr~miwn of s~ch r~walj and tMn ah~ll b~ no fu~ w winditwm inwranc~ plaad on ~ny of wid buildin~, aeyr intKqt NNrtin ot p~?1 thawf, w~l~ss in th~ fo~m'~nd with 1h~ loss pay+blr as ~fons~idj uid in IM ~wM ~Mr wn+ of money becana paysbN v!+der wch policy o~ polici~s said MORTGA('sEE aMll Mw tM option ro ~eceiw +~d ~ppty tM sarer on aao~nt o~ tM inci~l>t~d- ma sacur~d Iwsby a 1o permit uid AApRTGAGORS ro reuiv~ ~nd ~ it or ~ny part thereof fo. orher pu~poses, without fhsreb~ wai~inp w impai~- Inp sny pvity. 1'an o? ripht ~ndar or by virtw of tAis mort~~j ~nd in tM ~vsnt ~aid MORTGAGORS thall iw u~y r~afon fai) to ke~p tF?~ s~id pnmises so insurod, or f~ll ro d~liver promptly any of said polities of inswsnu ro aid MORTGAGEE, or fii! promptly M paY fuly any p?emivm therofo~ w in ~ny nspM fail b pufoan, d~xhary~. exacuq. ~fhcl. complN~. oomply with and abid~ by this covanant, a any part hcrwf, s+id MORTGAGEE may pl~ and p~Y fa weh Ie~wr~ a anr part th~rwf without walvinp or ~ffeetinp ~ny option, li~eti pvity. or riyht w?dN a by virtw of thi~ Mar9ape ~nd tM tu11 anaunt of each and w~ry svch paym~r?t f1~a11 b~ im~mdiat~ty dw ~nd p~yabb and sh~ll b~sr inqrat fran tM da» th~nof until paid s~ th~ rat~ 01 nin~ pw c~ntvm pp uuwm ~nd topether with sucA Interest shsll be s~cvrod by tM IiM of this ~naroye. To pamit, oomndt o? suffa no wut~, impa'vment or det~rior~tion of said prop~?ry w ~ny put tlw~of. 5. To pay all aed sinpular tM ~oats, cMrpes and expenaes, includirg a roason~bte attwn~y's fea and msts of ab~hact~ of title. Incvn~d or p~id st ~y time by said MORTGAGEE, bacavs! or ln th~ ~wnt of ths fsilure on tM pa?t of tl+~ s~id MORTGAGOR W duly, prompNy u~d fully perform, dixh+ro~ •xecuq. ~ffed. complet~. oomply with aed ~bid~ by ~ach and evsry tFw sY~pi,::::~. yreements, conditio% and cown~nts of said promisswy note snd thw maty+p~ any o~ either. ~nd sa~d cosra, diupes and txpernes. tach N+d wery, slwll be immed~atey dw and pay~blr, whethsr a not tMn be notici d~ m~nd, ~tt~mpt co11~c1 w svit p~nd~rg; ~nd tM full amo~nt of tach uid ~very sz,-~ payrr~M sMll bcs? i~teresl from tlw dat~ thersol w~til p~id the rate of nine p~r centum par ~nnum; +nd ~II said cdsts, chuges ard expenses ina?ned or paid, krpfth~r with such intsrat, shall b~ a~cv~ed by th~ li~n of iFw mo+~D+p~- 6, ihit ia) in tM event of any breach of this lMwtqs~ or def~ult on th~ part of th~ MORTGAGOR, or (b) in th~ weat My of said sums of ~r~orny Iwnin nferr~d to b~ rat prompny ~nd fully p~id within thirty (3p) days next aRer tM same sevaatiy become due ~nd paysbl~, withovt dsr+~and a ~otice, w(d Fe th~ ewrtt each and every the stipulstioro ~graemenb, aonditior?s and aov~nts of s~~d promissory oote ~nd th~s matp~e ~ny a ather ~r~ no1 ~uly, promptlY and fully p~rformsd. d~icharped, executed, effbcted. completed. complied with and abided by. then in either w ~ny tvch ~wnt th~ said ag~ ~ pre~at~ wm m~ntiw~ed io ssid promiuory npte then temaininp unpaid, with i~tersst xvucd, and all moneys sec~red herebY, shall betom~ dw ~nd p~y~ ~b4 forthwitA, w thereafter, at fM option oI said MORTGACaEE, u fvlly and comple+ey as if ~II of the said wms of monsy wera or'g'u~aly stipu4ted ro b~ paid on such dsy. anything in ss;d promissory nots or in thia Mortys9e to tM cont~ary notwithstandiny; and thereupon or ther~afta~ a~ the option of . uid MORTGAGEE, w;thoul notice w demand, wit af lawr w in equity~ fFllfQ(Of! Of fI1HNNN begun, may be proxc~ted u if ~II mor~eps secvnd hereby + had matwed prior to ib inititution. . 7. Th~t in th~ event that at the begircniog of or ~t ~ny time pend'ng ~oy wit ~pon this Mortgage, or to fo?ecloss it, or to rofwm it, or to s~foru payment ot a~y claim~ he~eunder. s+;d MpRTGAGFE shall apply to the CouN having jurisdrc~an thereof for the ~ppantment of a Receive?, :uch Co~rt ihsll f fortFiwitF~ appoiM a receiver of said mort9sged prope~ry all and singvlu. includmg all and si~gulsr ti~e income. pro(ib, issues ~nd revenue~ from whatevsr souru derived. ead? and every of whKh, it beirg expreuty vnderstood. i: hereby mwtgaged +s if spec;ficalfy set forth and desuibed in tl+e pr~ntinp and ~ Mb~~dwn clauses hereof, and such Receirer shall have ~II the brosd ~nd effenive funcro~s ~nd powers in snywise entrusted by a Coun to s Reteiver, and wch sppointment sh~ll be made by wch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without rcference ro fht adeqvaq a tnadeqwcy of tha vaive af the prbperty mor~gaged er to the sonrency or insolvency of said MORTGAGO~ or the defendants, and that such renn, profin, income, issues and revcnues shall be applied by such Receiver sccord~ to the lisn w puity of said MORTGAGEE and ~he pradia of wch Court. 8. To dvly, promptly and fu!!y perfo~m, dixharye. execute, effect, complete, comply with and abide by each and every ths stipulatio~s, ayreements. conditiora and covenann ~n sald promiuory note snd this mortgage set fath. 9. That in the event the ovrnenhip of the rtartgsped premixs. a ~ny pan rhereof, becomcs vesred in • penon orher than the MORTGAGOR, th~ MORTGAGEE, its auccessors srd ~uiyns, may, withovt notice to the MORTGAOR, deal with such succeuw or sutcessor in It1tNM1 with refc~ence to this morfgaye and the debl hereby setured in the ssme manner as with Nbrtgagor withovt in any way vitiatir?g w discF?ugirg the Mwtysgors' li~bility htre- u~der w upon the debt hereby secured. No ssle of the premixs hereby mortpaged ~nd no fwbear~nce on tha pert oF the MORTGAGEf or ib successors o~ suigns and no extension of the time for the paymem of the debt harcby secured given by tlx MORTGAGEE or its successors or ass;prq, sha~) operat~ ro releas~, d~scharge, mod;fy chanye ar affect the orig~nal IiabiGty of ~he MORTGAGOR here'm, either in whole or in part. 10. It is specifically agreed that time is of the essence of fhn contract and that no waiver of any obligs~ion !?erevnder or of Ihe obliystion se- cr;red hereby shaq at any time thereafter be held to be a waiver of the tcrms hereof a of the instrument secured herby, 1 L _ . . ~ i ~ sgrees to pay with esch monthly payment an addi~ional aum estimated by mwtgagee to be equal to 1~12 of the annua o({pW_ , ~ A-A!I real p~operly taxcs kv;cd or ~ssessed agai>u described real estate. B-Premiums on fire and windstorm ins~rance as hereio requ:red to he improvements sit~ate vn the above desuibed premius. # . C-Premiums on such mortgage gwranty insur rtgsgee shsll from~ t~me to time rry on the loan secvred hereby, Mortgsgee shalt from tim ti y mortgagor in writing of the amounf d~e and payabk hereunder an s l~ therev ~ payable on the o the next monthly payment and each s~cceuiv' month thereafter until Po^ ~ dve and ~i»Il lae ~o?t9sgee shatl ratlfy mortgsgor oF`sZf»ng~-+n such ~ premiwns. ~ ~Q+~e 9uar+~h? fravrsrRlr IN WIiNESS WHEREOF, tFx said RTGAGOR Ms hereunto xt his hand u~d seal the day~nd~u fint aforesa' I.l Si~ M • and~~ in t ~se of: , V ' ~ /~~st/Y ' ~ • ( ~in ~ S TE Of FtORIDA ~ courm oF _ ~t . Trt~ c i e eefa. m. p.,,a„np ,pp.,.ed John n. 9 r d~~ e ~ G' a t 1, q r ~ p e3 r d n A his w~fe. ro me weq known ~nd .krtpwn ro wM w b~ th~ ind'nidwts described in and wFa ~xecvted the foreyo&g instrurnsnt ~nd ackrwwledged before me that they +xecuted th~ s~i, fot'tl~ purPqty ~..M .xw...~d. ti+a ~+..,:a ?sthsr ~erdue _ - wif~ o+ fh~ ~aid .I4tlt~ p 4 r A» w ~ ~.sepa? ~ prlttabi- - ~x+m~n~ta~ by m~ uken scparat~ snd apa~t from her taid husband, acknowl~dged ro and before me tFw1 sF~ execvted said ios~tr~nt f~y~ y~i ~ ~~~ily and w~thovf ar4Y compulsan, consrraint, appre ra;on, or ex of or from her said Fwsbarwl. _ ~ f, ~ WITNESS my hand u+d oflicia! sesl thi ~ pf - ~ - Y L ~ , ~ `~.Q- . N Not~ry Vublic in ~nd iw the Slat~ of ffqri~ ~t•1~~. R~twn Ta. MY Commission e~cpirea: / L(/.~ r L~: . r.a.?.i s.~~~. a Lwn Association ' RECORDED' ~ ' ' or Fa~ P;~.«. FII.ED ANO pr~+KU~. ~ATE Ot Floeu q w~t Fon Vierce. Feo~~d~ $T. LUCIE COUNTY. FLA. ~~S t~10Y: ~ 1~D7i ~~,.~:-n ..-..{F1~D MY~CMW~ ~!a T I.wiO rr. O~[a~~?MOR1l This instrument prepared by 1~`S~`~~ 51 F~rst Feder~l Sav. & loan Assn. ~~t 23 ~~0 0,}1 F ~Piert_e~. ?f~ c~ gy • ~~[rt4~1~ (~C-~ ,~.r : ; ~ R N S - ~ r ~ . ~~~RK CIRCUt? COUR7 ~ ooK17z P~E2512' ~ ~ - ~ : . _ _ _ ~ _ _ _ _ _ _ ~ .