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HomeMy WebLinkAbout0294 S ~ : .~3.:,.~ ~ .j~~~ ~ To pl~q ~nd coRtinuously kNp on tF+~ b~itdinps rww w MraaftK ~ihrat~ on saki Ia++d and on all eqvipment ~nd pKSOr»Ily cowred by thi~ neorq~ ap~,, wi~h ~II premiw.A ~Mrwn paid in futl, ii~~ ie?iuranc~ 1n the vw+l sundud poticy fwm, ~n ~ wn? ~pprov~d by tM MORTGAGEE, u?d windstorm trawano~ in tM wwl ttuidard pol~cy fam, M• sum approved by tM MORTGAGEE, tn wch compsny w compani~s as ~M MOR?GAGEE ~n+y dtnc~l ~nd dl f'u~ and wind~wrm inswana policiss on ~ny of said build~nps„ ~ny inhnst ther~in w p~rt tMrwf, in tM apq~~at~ wn+ afor~id a tn ~zuss fMnof. ~hall contain tM ~nwl stu+dud mon~aQN clau~ a such ot1+K clavs~ u tM Mat~a~e~ may rpuir~. makinp ti» bu undN ~aid poli~ ciM, ~ach and ~vNy. p~Y~bl~ to s~id MORTGACaEE as ib Jnteres~ may ipptar. ~nd each ~nd ~ve~y such pol;cy shall be p~omptly ass:9rnd ~,d d~llwnd to ~ey Mld by s~id MORTGAGEE a f_urtha secwity ro s~h! mat~s~ dsbt, and, not less tMn ten p01 days in advsr~c~ of tM expir~Ywe of Nch polity, to dr IivK ro said MORiGAGEE a neww~l ther~of, topatF?K with i rec~ipt for th~ pr~mivm of such rfnfwilj ~nl~ iM~i shatl b~ no fka a wi~tam inswanc~ pfsoad on ayr of ta'+d bvildirg~ ~ny Mt~?est thsrein w paH tMrwf, unless in th~ fwm'~nd with ti+~ lou paysble as afw~~a~dj u~d in tM ~va~t uryr swn of mor»y bncom~s p~ysbM w±d~r wch policy w poiiciea ~aid MpRTGAC,EE thall Mw th~ option to repiw a,d spply th~ sam~ o~ accow~t o~ tFw ind~bt~d n~ss s~cw~d Iwnby a b permit said AAORiGAGORS ro receiw and ua it or any parr the,eof fa other purposes, withovt ~hrreb~ waivi~g a impai.- inp a~y puity, li~e~ or riyht under a by virtw of thb mortps~ej ~nd in tM ~vent s~id MORTGAGORS shall fa aMl reason fail to ke~p the s+id pnmises so inswd, a fail to d~liw? promptly any of s~id policies of inivnncs fo said MORTGAGFE. or (ait promptly to pay fv11y any premivm therefor a in iny r~tpect ial! b pafonr~, disctwrp~, ~xetut~ ~ff~et, oompltt~ comply with ~nd abid~. by tAis covenant, w sny p~n ha~wf. said MORTGAGEE may plac~ and D+Y fa s~d+ kaw+nc~ a ~ny part tFweof without w~lvinp w ~ff~ctinp aeY opY~ww, I;~n. pv;ty. w ripht under o~ by vinw of this Mat~+pe. and the full amo~nt of ~ach ~nd ~wry tucA paymenr shall b~ immtdiately dw and payaW~ and shall be~r inttra: from ~h~ da» thereof umil paid a~ ~M aq ol nin~ p~r oentwn per ~nr„nn ~nd together with svcA interest shall bs securod by tM lien of this map~. I. To pKmit, oomnit or wff~r eo wait~, b~pairmem w deteriowtion of said prop~.ty or aey paA tl~eof. S. To pay all H?d sinpular tM.cosn, ch~~es u~d expenses, includiny a rcaaooabk attwneys fee sod costs of ~batracta of title, tncwr~d w p+td at ~ any time by sa;d A{pRTGAGfE, b~cavs~ w io the ~vsnt of the fsil,xe on tM pan of th~ said MORTGAGOR to duly, prompNy and (vlly perfonn, d~acFwrgR ~xecut~, ~ffect, oomplet~, oompty w~th and abid~ bp ~ath and every th~ stiEwlatiau, agreements, conditiau, and cown~nts of s~id mort~+p~ ~oy w tith~r, uid taid cwts, dwrqes and e:Pernes, each and promi:tory no» and t~w ! evsry, sMil be immedistety dw and payablt; wheth~r p rwf there be notice da ?n+ed. ~tt~mpt ro eolkct or wit ~np: ae~d the full amount of ~sch and avery wch payment shall bear interest f~om the date thereof uroil p~id a1 the i rate of ~i~e pe? centum per annwn; and all uid ousts. cMr9es ~nd expenses intvrted w paid, toyether w~th such i~tenst, shall b~ stcwed by tAs tie~ of thi~ ^arpsp~• 6. ]hat in the went of ~ny b~sach of this Matgag~ or defavlt on the psn of ths MORTGAGOR, or (b) in the event any of ~id wmt of mooey Mrein nftrr~d to be not promptly and fuliy paid within thirty (3~) days nex~ after the same sevnally become due and payabk, without demand o? notice. or (c) tn tfw ~wep each and tvery the stipuktions, agreement~. conditior+s and cove~snts of sa;d p,omissory nots u~d this mo~tpape u~y a eitAer ~r~ no1 u ~ly. promptly and fu11Y petformed, d;sch~rged, executed. ~ffbcted, completed, complied with ~~d ab~ded by, then in either or ~ny such ~vent tlk taid ap~ pre~h s~m nNntioeNd io said p~omissory note ti?en remaining unpaid, with interest xuued, and all moneyt secured hereby, shall ~becomt du~ and pay. +bl~ forthwitl~, a rhereafrer, at the oprion of said MORTGAGEE, as fully and completely as N aIl of the wid svms of awney v,re~e origirully atipulated to be p~id on such day. anything in ssid promisswy ~ote w in this Nlortgsge to the contnry notwithstsnding; and therevpon w thereaher at the option of said MORTGAGEE, withwit notKe or demand, suit at law or Fn eqvity, the~efo?e w the~rafta beg~ry may be prosecuted u if all ma~eys sscu~ed hereby had m.rwed p.iw ~o ~n i~u~~!urion. 7. Tf?~t in tM avent that st the beginni~g of or at sny tirrK pending ~oy suit upon this Mwtgsge, or to fweclose it, q ro reform i1, or to enfwos psyment of any tl~ims hereuode?, said A6pRTGAGEE shaH apply to the tovrt haviny jurisditrion the?eot for the appantment of a Reteivrr, such Court shall fortliwith appoint ~ receiver of said mortgaged properfy all and sinp~lar, includ~r.g aIl and singulsr tF+e irxome, p~ofits, iuues and revenues from whatever sa+ru~ derived. e~ch and every of which, it beinp expressly understood, ia hereby morrgaged as if spet~fically sef fwth snd desuibed in ths prs~ri~+y ~nd habendvm dauses hereof, sM! such Receiver sAsll have all the brosd and effenive functans and powera in anywise entrusted by a Goun to ~ Rece'rver, ~nd such ~ppointment s!?~II be m~de by wch Court u an admitted eqvity and a malter of absolute right to said MORTGAGEE, snd without reference to tM adequxy a insdequacy of tM value of the prbperty mortgaged or ro the wlvency or insolvency of said MORiGAGQR a the detendants, and thst auch rena, profits, income, issues and revenues shalt be applied by such Receivcr accordin9 ro the lien w equiry of sa~d MORTGAGEE ~nd the practice of such Cowf. 8. To dvly, promptly ~nd futiy perfwm, dixharge, execute, efiect, complete, comply with and abide by each and every the :tipulations, agreements, conditiora ~nd covenann in sad ~XOmissory nota and this mortgage ut fonh. 9. Th~t in the event the owncnhip of the mortgsged prem;ses, a any part thereof, becoma vested in a penon other thsn the MORTGAGOR, tF+~ i MORTGAGEE, its wcceswrs ~nd assiyns, msy, witFa~t notice to the MORiGAOR, deal with s~ch successor or wccessor in ;nlerest with refe~ence ro this j monype and tl~e debt hereby secured in the same manner as wifh Mortgagor without in any way vitiating a diuharging the R:ortgagors' lisbility herr under a vpon the debt hereby secured. No sale of tF~ premises horeby mwtgsped and no fubcarance on the part of the MORTGAGEE w its tuccessors w ~s~igns and no extension of the time for the payment of the debt hereby setured qiven by ths MORTGAGEE or its wcctssors w auigns, shall operat~ to r~leas~ dischsrp~, modify d?~nge or affect the orginal liability of the MORTGAGOR herein, either in whole w M psrt. 10. It is specifically ayreed that time a of the essence of this contrad and that no waiver of any obligat~on here~nder or uf the o~~;9atan ss- a.red f~ereby shatl at any time there~fte~ be hetd to be a waiver of the terms hereof or of the irqtrument secu~ed herby. he fwego:ng mpnthly payments o/ print p'1 and 'enterest required by 1F~e ptom;ssory rwte secured hereby, morfgagor ~t ~sn~s' and ay~ees to p~y to mangsgee w monthly paymcnt an addiranal sum estlmated by mortgagee to be equal to 1/12 of the arxw t~N"6f~{ e follow- 'ng: A-Atl real property taxes kvied or assessed against t uribed real estate. B-Pr~miums on fire and windstorm i~wrance as hereio requ~red to improvements situate on the above desvibed premises. C-Premiums an such mongage gw?an ' gagee shall from time to time eem on the ban secured hercby. Mortg~yee shall fro "w~ ~me notify mo?tgagor wr;ting of the amount due and psyable hereunder and su ~ I thereupon be due and payaWe on the d e of ehe next monthly payment and each successivs month thereafter urtil mortgsgee shall notify mortgagor o ~n amouM. • sums shall be applied by mortgagee toward the payment of real property taxes, insursnce prem:vms, and mortgage gwranty insv IN WITNFSS 1NHEREOF, tbe said MORTGAGOR has Ixreunto set his hand ~nd sesl the day and yesr nt aforssaid. 1 ~prwd. Sea and 1 red in th~ presence of: ~ . ~ ~ aD ~ n . ~ry ~-n SiATE OF FLORIDA ~ Saint Lucie couHn oF Sefon m~ pKwnally sppeared N 8 t~'18 Yl ~ 61 H O~'e his wife, to me well k?awn and known to me to b~ tM individwb d~snibed in and who execu~ed t ~ny instrvment, and acknowledyed before me tMt they executed tf+e same fw the purpose~ therein lxpr~ud. Atd th~ sa~- r+ gA wH~ at th~ s~id _ NA .1~AIIj 8~ H~ dge o~on a sepa?ate and priwk e~aminNio~ by m~ taken stparate and aput from her w7d husbantl. ackrwwledged to snd befwe rtM that sht executed taid initrumeM fraely and volur~ ~~'NY ~r?d W~tF~t ~y cornp~rbion, conttr~int, app~eMni~ or f~a~ of w from Mr said husbsnd WITNESS my I+~nd and off',c;al kaI thi ~s day of A. D. 19~~ Notary K in ~nd fo~ the Stat~ of fbrid~ ~t lup~ Retw~ To: MY iiiron expires: G~ / 9 7/ firaf fedKd Savinps i tosn A,soc7•s~a+ , Fbiary aI .t larqe Of Fort P~erce. . , ~ ~ ~ ' Fwr vK.ce. Fb?;d, " 114r Cora::;s~i~a,Ex,~re~s :-~q. 6, 1911 ~ Is•,~ ~r N~aw+ tr a c..Yarr f~ i ` ! . ' " ~ . FIl.EO ~ND RECORDED jh~s ~nstrument prepare~ 57, I.UC~E COUNTY, F~A. First Federal ~v. ~ ~ br : , . . c: r ~ ~ , ~ ~ ~ h a Fo~ p~ o~n Ass~• G~ 16951'7~ ; - . . . . . '66 AUG 12 AM 10: 31 , . ~ 6~OORK~~ tlliE s r~ r. 5 ! C~~' c~RCUIT CouRT