HomeMy WebLinkAbout0885 : J ~ ~ii4 ~
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To pl~p and aontirwou~ly kNp on tM bvildin~s now a I~~aN~r Wh?~t~ on said laod u~d on dl e4uipnwnt +~d PKioMib cownd bY thM narp~
ap,, with ~1) prMnkxr~ tMrwn p~id in fid4 fin t~swu~c~ ie the usual sardud polky (w+n. ~n a swn ipprowd by tM MORTGA<3EE. and wk+d~lorn~
in~urana b th~ wwl uandud poliry fore4 in • sum approwd by tM MORTQA~iEE. M~ wch canany w~eia a tM MORTGAGEE n~?
dinc4 ~nd aU fin and wind~torm irwwana poliws on ~ny of wk! buildinpa, ~ny tot~nst tMni~ w pirt thKrof, tn th~ afp.pah wm afaaakl a .
b~xaa ~f, ~halt oontNn tM ww! sta+dnd matp~ clau~ a tuch wfw dauk a tM Mortp+pN nn+Y wa+in. maYM~p th~ loas uadK Nid poli~
ciM, Nd? and ~wry. WY~b1~ to aid MORTGIIGEE a ib intKest maY ~PPN?. and ~ach and wNy wd~ polky sMll b~ praeptiy su:yrwd and ddlw?ed ~o
~ny h~ld br wW MORiGAGEE a funiw wuwiry to satd mapap~ d~bt ar~ nw !qt tF»n Nn (1~ d+Ys in ~dvanc~ of tM ~xpkNia? of Mch Po1kY. to dr
Iiw? b wid MORTrs/1GEE ~ nrww~l tMnof, lopethK with ~ no~iW for tM pr~rniwn of wch r~wal~ aed 1Mn sh~ll b~ oo fin w windsrorm Uaur~q
P~aad an any of utd buildinp~„ ~ny tetKat N+~rete a put th~rwf, vnbss tn th~ fwm'~nd with tM bss p~y~bl~ a aforeuidr and in tht waN any wm
of aaewY b+eanM pqrabN u~~da wd~ pdk~r a polid~s faid MORTGA~3EE ihaU Mv~ tM optian ro naiw +nd ~pply tM ~anw on ~owwa o~ N?~ M?~b»d~
n~a Mctx~d Fwnby w le p~m~it wid MORTGAGOftS to naiw and us~ B w any pat tl+ertof fo~ ofher purpos~s, wi~hout thereby w+iviny a irnpaiw
M+p +eY pvit~?, ti~n a ripM undw ar by virtw of thi~ mortpap~t aed in tM ~wi+t iaid MORTGAGORS shall fa an~r na~on fail to kNp tM aid pnmis« w
kaw~d. o? fNl b delivw W~Mh? ~nY of said politks of i~uurmo~ to said MORTGIIGEE, w f~il promptly to pay fv11Y +~Y WMnivm tlwnfot o? M any
~ap~et hi) to pKfo~+nb df+ch+~R. ~x~a+n. ~ff~et, oomplN~. tpnPM vvith and abid~ by N?is aownant, or ~ny part l~wf, aid MORTGAGEE m~y piao~ and
W~ fo? sud~ tn~wanc~ a an~r part th~nof wiM~o~? waivirg a afhdb+Y u~l cWptlon. li~n, aq~ib. o~ ripht undK a by virtu~ of thh Mapap~. ~+d tM
ivll anww+l of Nch and ~wry wch p~yn+Mt shall b~ in~t~ly dw ~nd pyabb u?d shall bw tm~mt fran tM dat~ thanof wail p~id M tM ~aN vf
niM Pw antvm pK ~murn uid to~erher witA wd~ inta+at ~h~l1 b~ ~scw~d by ti» I~n of N~ia_mort~.
A. To pwmiy aomrnit a wffa no wsstR, imP+lrm~nl a d~taiontian of ~aid propKty or ~r p~rt tMr~of.
S. To pay aU ~d tkipelar th~ rooay, tharpp and ~sp~ includiig a nawnsbb attornsy's far uw! oosn of ~batracts of titl~, krcwnd a p~id at '
+ny ?iR.~ bY s~id MIORTGJ?GEE. b~a~ar or h th~ ~wm of the failw~ on the pah of tM s~id MORIGAGOR to duty, pranpty and ivHy pKfonn, d'ad~+.y~
•xewt~, ~ffw. oanpleh~, aomP1Y with a++d ~b+d~ by tach ~nd wtry t!r stipulafiaq,. +p~~sen~^ts. toaditiora ~nd ooweanb of aid promiswry not~ ~nd Nw
^+aq+p~ +n~? or ~id+N. and s~k! oosts„ dw~a snd exp~es, each and wKy. ~h~li b~ inwnediatehr dw ud payabta~ wheth~. w nw tMn bs notioi d?
m+ed, anempt to co1Nd a wN p~d'inpJ and the fuli ~rno~x~t of Wch and w~ry wch p~yrr+~nt ~MU b~ar tn:eres~ fran tM dat: th~nof until p~id at N+~
rste of nin~ pK oentum pa arwwenj and ~II siid absn. chu4ts and expe~ws tncur~ed or p~id, topetMr with s~+ch int~rat, sMll b~ s~cvnd by th~ IHn of tiw
awrlDap~-
0. lhat jaJ in tM ~wM of ~ny bn~ch of N~is Map~pt ar d~fauh on tlr paA ot tM MORTGAGOR.. or (b) in th~ ~ver?t ~ny of said avnn ot mawy
Mntn nf~rr~d fo b~ not prpnpty ~nd fully paid withii? tF~i.ty (30) dayi rrxt after tFr ume severalty bec«ne dw and payable, withow d~m~nd a notics.
or (d M t!w ~wnt s~d? and wwy th~ :tip~rl~tiaw +pr~~s. a«ditions and oove~snts of ~aid p?omisso~y ~ote and th~s mat~+0e +nY or ~itAer ~n nw
iu~Y. P~~W~Y and fuUY P~rfom~l. d;sdwp~d. ~xscWed effittsd, compl~l~d, tanplisd wfth and atiided by, tMn in eithtr w '
We~t~ swn msotia»d in uid proeni~sory ~wt~ ~Mn r~main' +~Y weh ~wm th~ said ap~
u~p ~mWid. with inta~st acvued, and ~II mwieya ~ecwed hereby, sh~ll b~oaer dw and WY~
ablt forthwith, a th~r~afur, at tM option of said INORTGAGEE, u fully and compktety u if ~11 of the said sums of
to be p+id on wch day, anpthir~ h s~id promissory oote or in this Morpspe w tM eontr~ ~wtwithstand' j and t ~y wen aipiewUp u~puland
said MORTGAGEE, withoul ~ia or d~mand, avif at 1~~r a in ~ therefon w tbareafter un,. en~ b~ ~1Ofwpon a thereaftu at th~ optan of
~9u tY• ~9 Y P~osac~ted ~s if all n~ys Ncvnd Mnby
had m~fured prior b its imtitvtion.
7. That 6~ th~ went that ~t tM bsyine?ing of or at uiy time peodinp soY wit upon this Mortgape. or w fo?eclos~ h, w to rafonn it, a to ~nferp
payment of any daim: huwoder, sa;d MpRTGAGEE shall ~pplp to the Covn h~viny jurisd~ction thereof for the ~ppaormen~ of a Receiver. wch Couit sFull
fortliwith sppouN a reoeiwr of said mortpayed prope~ty aN and sirgular indud~rg all and singvlsr tF~e incans, proiib, lssws and reverwes fran whst~wr
saxcs d~rivsd, esd~ and every of whicF~, it beirg ~xpreuly vnde?stood, is herebY ~~9+9ed as if spec~ficaly set fonh ~nd deseribed h tM p?~ntinp aod
hab~ndum cl~uses hereof, and s~rch Receiva~ shsll Mw ~11 the brwd and eff~ctiw fvnctions and powen in ~erwite a~must~d by ~ Court ro t Receivv. and
wd+ appoinrm~nt shall bs mad~ by wch Cowt as ~n ~dmitted eqvity and • m~tta of absolute rght to ~aid MORTCaAGEE, and without nfere~ce ro th~
adpu+cy or kWdeqvacy of ths valu~ of the prbperty mortgaged or to tF,e sohnncy or ;,,sotvency of said MORTGAGOR a the defendants, ~nd that such
renq. profits, fnroma, i:aws and r~venues shall be applied by wc1~ RecNVe~ ~ocwdiny to the !kn a puity of said MORTGAGEE +nd the prapip uf auch
Court.
a. To duly, prompty and fuly pafwm, d'achary~, execute, affect, completc, comply with ~od ~bids by e~ch and ewry ths st' !at
~P~+ ~s. +yroaments.
cor~d'itioia and eo+renana in said promissorr rat~ u+d this mort9age set forth.
9. That in th~ event rhe owewnhip of the inwtS+yad Prem+ses, o~ srhr pirt tbereof, betomes vested in • person other th~n the MORTGAGOR. th~
MOR?G/?GEE. Ms suceess«s u?d esipns. maY, wirhow notice to the MORTGAOR, dssl with such succeuw « wccssor ;n inter~st with reference ro thia
maty+p~ and th~ debt hereby sacured in the same manner as with Mwtgaga without in any way vFtlethg or di:cha~QFrg th~ A`w~tpagor~' liabiliry h~rs•
under or upon the debt her~by secvred. No ule of the prem7ses herepy rno,ty~ged u~d ~o fe.bearance on th~ pan of the MORTGAGEE or iq suaesaon
w auigna a~d no exrension of the Hme fw the psyment of the debf hereby secured give~ by the MORTGAGEE w in successors o? is~;yns, sfi~U operat~
ro rNe+r~, dischrrpR, modify d~snyr a affect !he oriyinst lisbility of the NIORTGAGOR huein, eithar in wlwl~ or in part. ~
10. It h specificslly a~reed that time is of the essence of this contract snd thst no waiver of ~ny oblgation hereundu p of tM obli~ation ie-
cund ha~by sh~ll ~t any time therea,fter be held to be a waiver of the terna hereof a of tFk iratrvment secvred heiby. _
11. In sddition to the forego:ng monrhly paymeny of print:p~l and inre.est requued by the p~omissory nole fecured F~ereby, morfya9or opwn~ny
, and +yre~s ?o pay to mongagee with esch monthlY piYment an ~ddirional sum estimated by mortg~gee to be eqwl to 1/12 of ths annwl cost of the fdlow-
iny:
A-All real propery taxes kvied a auesscd against tl+e above described real estate.
6-Premiums on (ire and w"mdstorm inawance as herein requ~red to be urried on the improvert~tats situate on the above desaibed premitp,
C-Prem+++na on skd~ matgags guuanty insursnce as mortgagee shatl from time to time deem fit ro cs
Matysgee shall from time to time noti mon ~Y t~ b+n secured hereby.
fy 9syor in writing of the amount dve and paysbk herev~der ~nd such wm shall thereupon be t~ue and
paY+ble on tiw due date of the next monthlY psyment snd esch succeuive month tF+ercaher untit mort9agee sh~il notify rnortyspw of a chargs tn such ~
smount. Such avms shaU bs spplied by mortysQee toward the payment of res) property taxes, inwrsnce prem:wns, and mort9aQe 9wr+nry inwr~nos ~
prcmiiwns.
N WITNESS WH the :aid MpRTGA hss hereumo sst his 1wr~d and usl the day and sr ~nt afwesaid.
inMie pr f~ ~
. ~
~n
n
STATE nF FLORIDA ~ ~
courm oF - S8i nt ~ i e
s.~,,. ~„a„~y Elinor G. Pit ts
tM fe~vidwla daaibad in and who sxecutad ths fw ~wiie, to me well known snd krawn to m~ to b~
apoiny instrurnset, and ack~w~u,ledged before me tMt they ex~cuted the same for th~ purpoa~
tht?~in uepn~t~d. b~eiyl~~~.id
.~11r eF~d~fd
~M+~'~+Pr~"~~ I~+sbwii,-~dvio~M~dped-~s s~d ~befenrw~flwr sf~ ~fsd-s~i~! ~~p?p~~
~'~~"''d'~~'O°?"+~Vr ~M ~ppw ~{s~ ef~~ drenrlw~wk! iwsl~~d.
WRNESS m~r 1?ard and official ssal tFS. d+Y of ~p
'AD.19ou
1
FILED AND RECORDEO ~+~v ~+~K i~ ~i+d ~w the stat~ of~1~c
T~ ST. LUCIE COUNTY. FLA.~~ ~y COf1"""iO/ ~~E pf f~~Z~•~~ ~
wa F.a...i s.~?u~. a~~«~.r~, RECORD YERtF1E0 - ~
' Of fort Pierct. ~~~N1M~ ~~p~,~
isif~?l~aM?
fort Pieroe Flwida
57 z ~ /
'68 QUC~~7~~~~ ~ -
nli ?
J' , • vL f _
s instrument prepared br . ~
FirSt F ral S,av & L~~ ROGER ~OITRaS . .s,~L' ~i' - . -
: :
of n CLERK CIRCUIT COURT • . , . ~ _
~ ~ .s ~ i.
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B~ ` d~~~ ~ 8 ~ •4~~~\:' F
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