HomeMy WebLinkAbout2450 i-. ~ -t '~`.R• i
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To pl~a and oa+tMwously ke~p on tM buiWin~ now a MriaftN ~twt~ on Nid Iand u~d on ~II pu~pnent u+d pKwnaly cova~d bY t1+ts map~
p~, with dl pn+niw~u therwn p~id in full, fin intur~ncs in ~M wwl irandard policy fam, in • awn approwd by tM MORTGAGEE. and windqarm
trw~a~a tn th~ u~wl ~rand+.d policy fam. M a swn ~pprowd by tM MORTGAGEE, in wch ao+nM^Y p~mp~ia +s tM MORTGAGEE nwy
dir~ctt +nd all fin and windstorn+ infw~ea pdicies on ~ny of sud buildi~. +^Y Mt~rat t1~Nn w part tMhof, In tl+~ ayyre9at~ wm afor~saW or
M~ ~zap tM~~of, ahall ca?taie tM ~uwl stand~d mortq+pM clau~ a wcA otFw d~us~ a tM Mo~tp+4N m+y nqu'u~, rti~kino th~ Iws v~ said poti~
c1si. Nch and ~wry. WY~bb b saW MORTGAOEE a i1s int~rest may appsar. ~nd ~ach and wKY such po~itY iMll b~ pramptly ass:y~td u~d d~livKed to
~ny Mld by uW 1NORTGAGEE q furtMr setwiry fo aW mort~~ d~bl. +ed, na less tMn tea (101 days In adv+nu of tM ~xplr~tion of ~+ch policy, to d~-
livu ro s~id JYIORTGAGEE a nntwal tMnof. top~thK with • nuipl ia tht pnmiwn of wch nnewalp u+d tMr~ sh~ll M ~o fin a windstam inwr~nca
pl~pd an any of saW buitdinqs. u+y intKSSt th~r~in or p~~l tMrsof, ~nlsss ie ~h~ form and with tM bss p+yabb as ~fw~idj snd in tM ~wet ~~ry? swn
of mor»y b~ooews pay+bb unJ~ wch po~kY or Polici~s ~+id MORTW1CaEE sMll Mw rM optan to receiw +ad apply the s+m~ on accow+t of tM ind~bted~
nea secw~d I~~by a to p~rmh s+id MORTGIIGORS ro naiw and vM H a sny pkrt thereol fa o~her purposes. without thereb~ w+ivu,y w wnpair-
ir?p any puiry, li~n w ripht w~d~r ot by virtw of tha mortyap:i ~nd in tM ~ve~t wid MORTGAGORS shall fa uiy rta~on fail to keep ths s~W pnmiss~ w
inwnd, a fdl to d~livN promptly a~y of s~id policie~ of imwano~ to said MORTGAGEE, or f~il p?omptiy to pay futly any pr~mivm ther~for or in ~ny
r~sp~ct fail w pKfam, dixhuy~, ex~cvt~, ~ff~ct, ccmpt~te, comply with snd abid~ by this aownant, or u~y part I+K~of, saW MORTGAGEE ~y plaa snd
P+Y fw ~uch kawanc~ or ~ny put tlwrwf without walviny a~ff~crtnD +^Y oP~1a4 ~M+4 ~~b. w ripht w?d~r or by virtw of thts Morty~p~. ~nd tM
full «novnt of wch and ~wry wch paymant ~h+il b~ imnedi+t~ly dw snd pysbk and ahall btar intKest from tM dsb theroof unlil p~W a1 tM rah of
nin~ pK tentwn pK ~nrwm aed topether with such int~nnt shall b~ tetvted by tM li~n of this motty~~.
4. To p~rmit, oamdt or wHK no wast~. knP+irrt~ent a cl~t~rioration of said prop~rry or any put the~wf.
5. to psy all ~nd skpular tM oats, chupes +nd ~xPKa~, includinp ~ ro~~on~bl~ anomey's he u~d aosn of sbstracts of titl~. incvrced or p+id at
s~y time by s+id AFORTGAGEE, b~cavs~ a in the ~wnt of the fsilun on ths paA of tM s~W MORTGAGOR a duty, promptly u+d fvlly perform, dischar~
execvt~, ~ff~d, oompl~t~, complp with and ~bid~ by ~ach and every tha stipulatio~s, ayreements, ca~ditioes, ~nd oovenants of ssid promiuory ~ote snd thw
mwty+p~ +np w a~her. uw! said coaM. chupes and ~xpunes, eacli and ~very. sl~ll b~ hnmediat~ly dw and payable: whetl+~? or not tMr~ be notiu ds~
mand, anempt ro colket or wit pad'nps +nd tM full ~t of ~sch and eve.y such paymee~ shall beu interesl from rM daM tFw~of wHil paid at th~
rate of ans per ce+~tum pe? ~nnum; +nd all said aosts, d+u~a +nd expenses incvrred or paid. top~~lwr with s~ch intaest, ~t~l1 b~ a~cv~sd by th~ IiM of this
"'°rq+p~-
6, 7'h~t (a) in the w~ of any breach of this Mwt9+~e w dafault on Nr p~rt of the MORTGAGOR, w(b) in the ~vent any of a~d swns of money
herein roferced to bs nW promptly and fully paid wifhin thiny (30) days next ~ite~ the s+me sever~t~y becom~ dw and payabl~, without d~m~od a eatice,
or (c~ in the ewnt each and ewry the stipulations agr~em~nts, aonditian and cov~n+nb of s~~d prorn'~sswy note and th~s mortpage ~ny w sitMr ~ ue no1
iuty. prompty u~d fuly performed, d'ad~arped, exscvted, ~ffect~d, canplet~d, canplied with and abided by. tMn in eithar a any ~uch ~wnt 1M said ~
greyaM wm mN+taned in tsid promissory note then remainirg unpsid, with interes~ +ccr~ed. and all ma+eys secured hereby. sMll becoms dw a~d p~y~
able fwthwitly or thsr~aher, ~t tM option of said MORTGAGEE, ss f~lly a~d compktely ~s it sll of tha said sums ot money ware agin~lly stipubted
to be psid on such daY. anythirg ia :aid promdsory note or in this Nlaepa~e to tM con~rary rannithstandiny: and thereupon w thereafter a~ th~ optqn of
said JNORTGAGEE, witl+out notice o? dem~nd, wit st law or in puity, tMr~fore or tl~ereafter beyun, m+y be prosacut~d as if all rr~onsys s~cur~d hertby
had msWted prior fo iri iostitution.
7, That in the event thst at th~ beytnniny of or ~t s~y time pend'ing any wi1 upon this Mony~e, a to foredwe it, or to nform it, a to enforc~
paYment of ~ny diuns he~eunder. s+id NIORTGAGEE shall apply to the Court I.~virg juriad~ction the~eof for the appoimm~nt of a Receiver. wch Gaxt sM~l
fwthwith ~ppoint a receiver of sakl mwtpsp~d property sll snd sirqv{u, indud~np all and singvlar tt+~ income. profi». wwes uw! rtvenues from wh~t~ve~
source daived, each ~nd ~very of which, it b~irg expressly ~ndentood, is Mreby mortgaged a if spediically s~t fonh and deuribed in tAs ~~antinp and
habendwn dauaes hereof, and such Receiver sMll h~w ~II tM broad and eff~ctiw fvnct~ons and powers in anywue entrwted by a Cowt ro a Reoeiver. and
svch ~ppointment shall be mads by wch Court as an sdmitted eqvity ~nd a m~tter of absolute riyht b said MORTGAGEE, and without refereou to th~ -
adeq~racy or insdequacy of the vslu~ of ths property matyaped w to the soNency w insolvency of said 1MORTGAGOR or the defendants, and th~t such
rents, profin, income, iswes and reverwes sMll be applied by s~+ch Reteiver actording to the lien a puity of said MURTGAGEE and the practic~ of suth
Co~rt.
S. To duy. promptly and fuly paform,- dacMrge, ex~cute, effect, oomplete, comply with and ~bid~ by ssch and every ths stipulstions, ~preemenb,
condlt'ans and cover»nn in said promissory noN u~d thit mortysg~ aet forth.
9. Thst in the event the owne+ship of tM mo~tyapad premises, w any part thereof, becanes vested in a person other than the MORTGAGOR, tFw f
MORTGAGEE, its succeuws ~nd assip% rrWy, without nolice to the MORTGAOR, deal with such waessw or sutcessor in iMerest with ~eference to this ~
' mo~9pe and the deb~ hereby sec~red in the same marr~er as with Mortgagor without in any way vi?iatiap or d~stharging tM Mortpagors' liability her~-
under a upon the debt hereby secured. No ale of the premises hereby mortg+ged and no fabe~rance on tM p~h of the MORTGAGEE w iri waesson
w auigns snd ra extension of the time for the p~yment of the debt hereby secured given by the MORTGAGEf w in svcusson or astiyns, shall operate
ta release, disch~rQe, modify change or affect the aiginal ti~bility of the MORTGAGOR hereu4 either in whde or le part.
10. It is specifically sgreed that Y~me is of the cssa+ce of tha co~trsct and that no waiver of any obligatan fierevrwler a of tM oblipation se- .
cured hereby shall at aoy time thereaher be held to be a waivar of the tem~s Aereof or of the instrw~xnt sewred herby. -
11. In addition to the forego:ng mo~thly payments of p?~n~ pal snd interest required by the promissory note secured hereby, roortgagor covenants
and sgrees to pay to mortgsgee with each moothly payment sn sddirional sum est~msted by mortgagee to be eqwl ro 1/12 of the amual cost of the follow-
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A-All real properry taxes kvied or sssessed against the sbove described resl estate.
B-Premiums on fire and windstorm inwrante as herein requ:red to be urried on the improvement{ sitwte on tFa above described premises.
C-Premiums on wch mortgage guaranry i~surance u mortgsgce shsll from time to time deem fit to csrry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagar in writing of the amount due and payabk hereunder and such wm shall thereupon be due and
' payable on the due date of the ne:t monthly p~yment and each wccessive mo~th theresfter until mortgsgee s}wll ~otify mortgagor of a change in such
j amount. S~ch wms shall be applied by mortgagee towsrd the payment of real property taxes, inwrsrxe prem~wns, ~nd mortgsye yuaranty inwrance
~ pr iums.
~ IN WITNESS WHEREOF, the s~id N10RTGAGOR has hereumo set his hand and sesl the day and yesr fint afwes~id.
~ Si0 Saaled.and iver ' tM presenca ofi 1
n
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STATE OF FLORIDA ~ " ~
S?. IJJCIE
courm oF
Before me p~rw~+lly appesnd ~sstll F, Ss~th
~ DO=Othy N. S~~th his wife, to me welt knowo and known to me to b~ }
the Ird'ividuab described in and who exewted the for~g instrwneM, and atknowledDed beforo me tMt tMy exacuted tl+e sams fw tM purpos~s ~
therein expreswd. Md ths sata 1~7~sOthy N, S~~th :
wiie of tM said Rusi~ll F. S~~th ~ vpon a~ep~ats aod privat~ t
examin~tion by me taken sepanfe snd apart from her ~aid Mnband, adcrwwleclped to and beforo me that she executed said imt~ument fre~ly and voFur?-
rarily and without any compulsan, constraint, appreMrnion, or feu of w from her wid Fwubsnd.
~ WRNESS my Mnd and official seal th:~~~1~~ d~y of CtO~lr A D. 1~~_
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~ • sry Public in and fw th~ Stst~ of Nwids at Larp~
. ~ My Canmission tnpireu
RNwn Ta . , s • . ; ~~~~.~~n~~:qijr~
Fv.t fede..t s.vinps s to.n ~?t.oci.riw, ~ Z N~t~ ~iiC. SMM ~ AM~ ~ t+l~e
Of fwf Pierte. . C'~ • • ~.`7 ~ (~~IM ~ a ~9
. fwt Pierae. Fbrida : M~• M~lEO AN~
~ ~ ST. LUCIE C UNTY FLA.
~ ~ ~~i. ~ ~FCOR.D VERIF
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:'Ji~l
This Instrument Prepared By _ . . J ~ ~
First Federal Ssvi s b loan Association ~+-#Q*;•',~. ~68 QCt
rt Pierae ~
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Chedced •~~~u~~~~~, .
0 R CLERK C RCUIT COURT
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