HomeMy WebLinkAbout0478 , ~:3 `~'~g .
To plaa and oontin~rous~Y IcNA on th~ b~iidinps now a Mr~aftK ~itwt~ on s~id I~+d ~nd on all equipm~nt and pK~on~lly eov~rN! by this malp~
p~ with all prMniur:l~ tF?Kwn p+id in full, firt Insuru~c~ in tM uswl tqndard policy form, ~n a wn~ ~pprowd by tM MORTGAGEE, ~~+d winduaen
t~uw~na in tM uswl stan~rd polity fam, b• wm approwd by tM MORTGAGEE; in s~+ch tomp+nY or cqf^P+nia +s MORTGAGEE ~n+y
dirKtt Md dl fin u+d w~~ i~awana policia oo ~ny O~ i~1d bYildilgl. My ~R1Hf~~ 1MffI~1 Of piff fMflOl. in tlr app?pa~~ wrn ~faaaW or i
In uca~s tM~f, sMll aontale tM wwl it~ndard matyay~a daus~ w s~ch otMr dws~ a tM Matpayk m+Y nV~u~. m+ki"0 ~M bss u~ s+id po1E ;
ciN„ ~ach ~nd ~wry. paYsbl~ b wid MORTGAGEE a in Interest m~y app~ar. and each and ~wry ~~ch policy sMli b~ p?anPtly ass:yned u~d d~livK~d ~o
~ny h~W py s~W MORTGAGEE a~ funha ~ecwity ro wid mortp+p~ debt, and. r+a 1.•s ~Mn r.n t~of d+rs t~ +d~+ne. of ~M .xp~r•tion of e+ch paky. to d~
liw? ro wW MORTGAGEE a r~wal th~nof, wperhK with • reuipt ior tM pnmiwn of wch ~a~ew+it snd ~h~n sh~ll b~ no fin or wtalstam inwrai+d
pl~pd on any of aM bvildiegs. any ioterat 1M«in a part tF?Kwf, unless ie th~ form' ~nd with tM bis payabl~ ~s ~fonsaids +~+d b+ tht ~w++t any w~n
o{ ~y ~p~s p~r~ widK wcA polky or polici~ s~id MORTGAGEE iMl! Mw th~ option to reosiw and ~pply tM s~ on +cwun~ oi tM ird~b~ed~
e~ss wcw.d Mr.by a a p.rmi~ a~id MOrtTGAGORS ro reajv ud ~n. it a ~~y put thereof fa orher purposes, without thareb~ waivi~g a imp+ir
irq anr puity. li~n ar ~pht wida a by virn~ of this morty+~es a+d in tM event said MORTGAGORS sh+il fw a~yr nawn fail to keap t!?~ said pnmise~ w.
inwnd, or fsil to deliwr prompNy u~y of s+id polici~s of iniurnw ro said MORTGAGEE. or fsil promptly ro psy fully aM? p~Kniwn there~o? o~ In aehr
r~sp~ct fail b p~rto~n~, disdur~e. sxecvt~. ~fhct, canpl~t~. comply with and abid~ by this coven+nt, o. sny paN h..wf, said MORTGAGEE may plac~ ~nd
p~Y {or such kqwano~ or ~y put thKSOf without wslvinp w ~ff~ctinp any option, lMn. eOulM. a ripht unds~ w b~? virtw of this Mat~p~. k+d the
fvll amouM of ~th and twry wd~ P+Ym~m sh+ll b~ immadi+telY dw and Wy~ snd sh+ll b~ar ie?tKeat f~om tM dat~ thKwf until p~id M tM raM of
niM p~r pntwn pK ~nrarn+ and to~tNnr with wth intenst shall b~ setut~d by 1M lien of tids morrp+~e.
To pumit. a+nrnit ar suf(a oo wast~, impairm~nt w deteriaation of s~id property w any put ti~snof.
S. To p~y ~11 ~nd s&+pular th~.cosn. ch+?9~s snd ~xP~nset. ~nciudirg a rsasonabi~ attornty's fee and ~sh of sbsnacts of titb, incwr~d or paW ~t
~ny tim~ by s~id MORTGAGEE, baaus~ or in tl» ewnt of the failuro on the pan of tFw s~id MORTGAGOR to duly, promptly and fuliy ps.form, discharg~
~xecut~, ~ffect. oo~nplea, oomPh with ~nd ab~ by s~ch and ~very tM stip~lstions, y~eemen?s. ca~ditwna. ~nd eovenanb of said promis~wy noh and thu :
mortpp~ uiy or eitMr. u~d s+~d aosts, dwrpes and ~xpanes, each and ~wry, shall b~ immediately dw and psyabltt whethM a not tMr~ b~ rwtici dr
m~nd, afrempt to co1Md w wit {»nd'+rg: and tM full srewvnt of each and ~wry wcFi p~yment sMlt bear interest from tM daq ths~eof until p~id at th~ {
rate of nine pe. oe~twe p~r urwm; +nd ~II said ebsts. chs?~es and txpenses incurred or paid, topNMr with svch i~terat. sMll b~ ~acw~d by th~ li~n of thq
~q~
6. Thaf j~ In tM ewm of any b~eacA of this 1Nortyape a defavh on Nr part of tM MORTGAGOR, ot (b) in the ~veM ury of laid wms of moMY
hehin ~~fKt~d to b~ not prompny uid fuly paid within thirty (30) d+ys nexPlfter 1M ~am~ ieverally become dw ~nd payabte. withoW d~mand or notke.
w W in tM ~w~tt each and ~ray th~ stipvlaYwns ~gre~nts. oonditions ~nd oor~nn of s~id promiuo?y not~ and this mortp+pt +nY w ~ither a~ ~wl
iuly, pramptly a~d fully pKfo~med, d~scl?arpad. execvr~d, eff"scfad. compl~tad, canplied wi~h ~nd abided by. then in ei~her or any such wtnt tM said ~g
prq~t~ wen n~ntip~sd in ~sid promissory oote the~ nmaininp ~npaid, with interest accrued. and all moneys securod her~by, sh~ll b~aoen~ dw a~ pay~
abb fonhwitl~, or tFw~aftN, at tM option of said AhORTGAGEE, u fully and compl~tely as if ~II of ~he said wms of mon~y wero agieally st~pulated
ro b~ paid on such dsy. any~hiny ie said p?omissorY rwte or ir? this Morty+9e to the contruy notwithstandiny: and thereupon or thereaha at ths option of
said MORTGAGEE. without ~wtiu o? demaed, suil at lawr a in puity tFINQfOfQ Of iF1lfNftN begur4 maY be prosecuted ~s if all mon~ys s~cund henby .
h+d m~turad prior ro ib instit~tion.
7. TMt h tM event that at the beginning of or st any time pending soy wit upon this Mwtgage, w ro fwectose it, a to refwm h, or fo enfwc~
paynNe~t of +~ny d~ims hsrevnde~, said N10RTGAGEE sh~ll apply to the Coun havirg jurisd7cYron thereot for tF~e eppantme~t of a Receiver, such Couit sMll
fortliwith appoint • reteiver of said mort9aged prope~ty all u~d sieg~lar. irKludmg all and sirguls~ tM income. profits, issues and revenues from whatwe?
wura derired. e+ch and ~vety of wFiKh it beinp expr4s;ly wKkrsrood, is her~by mwtga9ed u if apecifiutly set fwth ~nd dewibed in the prantirg and ~
hab~ndwn dsuses he?eof, and s~ch Receiver shall have dl ~he b~Wd arn! effective fvnct~ons and powen in anywise entrusted by ~ Co~rt M ~ Receiver, and
wch appointm~ot ~hall be made by wch Court u a~ admitted equity snd a rrHtter of absol~te right ro said MORTGAGEE, and without reference ro the E
edequ~cy a M+adeqwcy oi tM wlw of the prcperty mwtg~ged w to the wnrency w inwlvency of said MORTGAGOR w the defendants, and rhat such ~
renn, profits, income, iss~res and tevenues sF?~I~ bs applied by wd~ Reteiver atcwdin9 to the lie~ or pvity of said MORTGAGEE and the prsctit~ of wch
Cowt.
& To dvly, promptly snd fully pe?form, d'~scharye, execute, effeC, eomplete, camply with and abide by eacF~ and every the ~stipulatiora„ ~greements,
conditiqns and coven~na in ssid promissory eote snd this mortysge set forth.
9. That in th~ tveM the awnership of the rtw~tgsged premius, a any part thereof, becomes vested in • pe~wn other than tht MORTGAGOR, th~
MORTGAGEE, it~ wctessws and auipns, may, without ~otite to the MORTGAOR, deal with suth wccessor w wccessor in inte~est with referente fo this
mwt~~e and the debl F~eby sear~ed in the same manner as with INortgsgor without in any way vitiating a dischsrpiny th~ Mort9syws' li~bility hera
under a upon tlx debt hereby sccured. No s+le of the premises hereby matgaged and no forbear~nce on the part of the MORTGAGEE o~ iri successon '
a suig~s and no e:tension of the time for the paymenl of the debt hereby secured yiven by the MORTGAGEE or ita sucuuors or aui9ns, sh~l) opaat~
to r~ka~, d'ncharp~, modify change w affect the oripinal Iiab~Gty of the MORiGAGOR herein, either iC wlak or in put.
1Q It is specifically agreed that time is of the euence of this contr~d_ and th~t no waiver of any obligaYwn herevnder w of the oblipsYan se- ~
n.red he?eby sMll ~t any time thcreafter be held to be a waiver of the terms hereof or of the irotrument secu.ed herby.
11 {e-addiY . ymen s o pnnc pD a m eres r i ts ~
and ayrees to p ee with esch monthly payment an ~ddirional sum estimsted by mortgs9ee to be eq~al to 1/I2 of the annua t follow- :
- 1 ~
ing: '
A-All real property taxes levied or assessed agains ewibed real estate.
B-Premiums on fin snd windstwm iraurance as herein r -be u improvemenls situate on the sbove deuribed premises.
C-Premiums on such mortgage guar 'wsors ~ce as mortgagee shall from time to time r on the Iwn setured hereby.
i 1Nortyspee
shal~' o time notify mortgagor in writ~ng of the amount due and pay~bk hereunder a s II thereupon be due and
! ~aya~o-al~s date of tMe next monthly payment and exh successive month thereafter until mortgagee shall notify mortgsgw -s-chsn~e in s~rch
~ . . .
' ~emiums.
IN WITNE55 WHEREOF, the said MORTGAGOR hss hereunto set his hand snd ses) the day and year fint ~ioresaid.
Sipmd, S~al~d and d~liwred in the preaence of: b~~ /4Yw.~... (Sea4
~).s.,:~ ~ ~°~c
"
_ ~ n
. ~
SiATE OF FtORIDA 1
~~~y ~ St . L uc ie
~,a,~~~y Robert E. ricLaughlin ,,,d
V irginia C. McLaughlin h;, w;r~, to me well known and known to me W b~
tt» ir~vidwb desuibd in and who s:ecuted tlK fore9oinp instrurt~ent, and ~cicnowled~ed before me that they ~xecvted tM sarn~ ior tM pwposes
w;d Virginia C. McLaughlin
w~~~ w~ Robert E. AicLauyhlin „p~n ,,~p„at~ „~d pi~.,.
•xaminat~on bp ~ew qken wpxat~ and apart from her t+id husband, acknowledQed to +nd be(we me tMt she execut~d ~id irqtr~ment fntly ~nd volver
~ ra~ilr and without aiqr compuiaan, torutraint, apprehens~ w f~a of or irom h~r sai~ huiband.
~ WITNESS my I?.nd a~d offic~,~ this /S ~ d.y Of A~~''t .w. G. t9 68
~M '
Not~ry P~blic in ~nd for the Stat~ of fb?ida d luq~
My Commiu+on ~upireu ~
R~twn ta. Z G- 7/
F.a".~ s'~"'o' a~°'^ "u°~~~';°^ ~Fll.EO AND RECORDEO~T~r w~uc. sT~?~ oF Koau~ ~T u~
°f P'°'~•. ST. LUCIE COUNTY. FL~~~~a~~~~ss:s~wo~i~~
Fort Pieru. Flwids i~ F~? ~ f~ f n
9!0 ~'y
'68 AIIG I 5 PM 12 : S 3 ~
This instrument prepared by ~ T - ~ ~
First Fede •al ~av. Z Loan Assn. " r j R ~ s : ; : ; _
ot Fort Pierce CLERK CIRCUIT COURT _ _
? - ' J
gy J. w. Collins _~L . `
0 R : ! .
_ aooK 1, ~ P,~ 4 73 ~ , q1i~ . ~ :
~ ~