HomeMy WebLinkAbout0491 ; r ' ~ ~ ' i'
To plaa and co~t&wovsly kNp an th~ buiWiny~ now a.Mnafhi atw» on wid land ~nd on ~11 pu~WnN+t +nd P~no^dN cownd bl/ lhis mort~
ap~, witA ~II prN?+iwn~ thwwn p+W in full, fin inwru~o~ in th~ wwl ~undard polfcy form, b a wm ~pprowd by tM MORTGAGEE. ~nd wtrKhtam
lnwrana in th~ wu~l ~ta+idud 'Pd~~1l ~9nn, in a wm ~pprowd by tM MORTGACEE. M+ wch canpany w comp.ida a tM MVRTWWEE m~y
dk~cq and dl fin ~nd wind~toryn kwura~a polkia on ~+y of safd buildinp~„ ~nr int~nst tl»ntn w part tMnof, In tM appnpat~ ~wn ~for~s+id a
in ~xaa tMnof. ~MII contNn tM uw+l stand~rd enortppN dauN w wd~ at~r davN a tM Mo~tp+y~ m+1? n4vin. n?~kb+p ~h~ las undK ~+id pdF
ciK. .ach a,+d .wry. P~raW~ a wW AAORT(iI?GEE a in htKtat m.y app.ar. .nd .~ch and w~+y wch polky .hall b. PromA?h +a+p^~d and d.tiwr.d to
any Mld b~r ald MORTGAGEE a fwtl~ s~twhy to wid morpap~ d~bt. an~L nof las than qn l1~ d~~ tn ~dvaoa of tlN txpir~tion ot Md+ poik~?, to d?
liwr w ~aid MORTGAGEE s r~wd tM?wf, top~tF~ witb • naipf tw tM pnmiwn of wcA r~al~ and tMh ~Mtl b~ no Pu~ a wM?d~twm iraw~na
plao~d on ~ny of wW buiWM+gs, any hterat tMnin a prt tMrwf, un{a~ in th~ fam and wi~h ~he Iws p~y~bl~ a afara~id1 ~nd in tM ~wM any wm
of moMy b~car~u payabN u~ wch polky a po~idu wid MORTGJIGEE shdl Mw tM option to naiw u~d appiy th~ t~+~ on +owwN o( tM Md~bted~
nas wtund Mr~by a b pKmit said NIORTCsAGORS to haiw and uN M at ~ny pa?t ti~wf for wF~ purpos~s, without the~sby waivi~g w impair-
~np anY puib. li~n a ripht unde~ a by vktw af tF~ morlpap~t +nd h tM ~v~nt aid MORTGAGORS ~MII fa aryy nawn f~p 1o kNp tM wW p?amfas w
insured, a f~il to ddiwr PromPt~Y +nY of s~id policiu of inw?ana to s~id MORTGAGEE, o? f~il P~~P~Y ~ WY fi+~M +~1? P~~^?ium tlwefo~ ar in any
n~p~c~ fdl b pKfoml, dlschar~, uacvt~, ~ff~c4 oomp~~t~. comPh with and abid~ by thts oownant. or +ny put I+K~of. ~+id MORTGAGEE may pl~u ar+d
paY for wch imwana or ~ny put tMnof without waivinp a~ff~ctinp ~ny option, li~n, puity. w ri~M w~ a by vktw of this Morq~p~ M+d tM
full ~rnount of ~acA ~rd evay such paym~M ~h+ll b~ im+»diat~ly dw and pay+b~~ +rd ~I++II bNr Intenst f?an th~ d~t~ tMrwf until p~id ~t th~ ra» oi
nin~ psr pnlum pa snrwm and topstht~ with suth intxpt shall be satv~d by tM 11~ of tAi~ mortp~p~.
4. To p~rmit. ooowoH or suff~r no wat~, Impairm~M a d~tKior~tion of said propKt~? ot any pwt tMrwf.
S. To p+y all and skpvlar th~ oosts. d++rpw +nd ~xpNnM, inckidirg a roaw~+bb ~tt«n~~Is fN and owb of abmats of titb. Mcwrod a p~W at
any tirn~ by ~sid MORTGAGEE, b~cauN w in th~ ~wnt of tM failw~ on th~ pwt of tM wid MORTGAGOR w duly. wa~N .nd t„~h w?iorm, d~sdw.~
~x~cvta ~ff~a. oomplN~, complY with and abid~ by ~ad~ and ~wry tM sNp~tions. pn~rN^t~„ owd'rtiona. and oove~ana of wid promiswry noh and thls
^~+D~ +r+Y or ~itMr. and s~id cosh. chu~s ~nd ~xpenNS. ~ad~ ~nd w~y. ~hall b~ hwn~di~t~ly dw and p~yaW~j wMtMr a not thK~ M notioe d~
mand, attsmpt to adlact or wit p~nd'r+y~ and tM full amount of Nch and w~ry wch payment ~lull bw tete?~st ftom th~ dat~ tl+ehof until p~W at tht ,
rate of nine pa c~ntum per s~xwm; and all said costs, cha~y~s. and ~xp~~uea incw~d or p~id, top~tlwr with wd~ Inbnab slNII b~ s~cw~d by tM lien of thh
^arqape•
6. 71wt h th~ ev~nt of any bnach of thi~ M«tyap~ or d~fauh on tir put of tM MpItTGAGOR. or (b) in tM wa?t w~y of ~aid wms of mo+»y
herein niK.ed to b~ not promptiy and fuiy psid withk~ thirty (30) d~ys next ~hK tM ss~n~ sswr~iy bcom~ du~ u~d wy+b~s. withovt damand a notiu.
or (d h th~ ewnt ~ad~ ud ewry tl+e stipulatiom. +O~s~msms. oonditions and o~wnanb of aid promiuory nwe u+d this mortp+p~ any o~ ~itMr an no~
iuly. Prompt~Y ~nd fi?Ily paformed, discl?~ryed. ~xecutad. ~ffected, compbad, oomP~ied with and ab'Klsd by, thsn M eitMr ar any wd~ ~wnt tM wid ag
yrep~n wm rnu~tia~d in s~W p?omissory not~ tMn ran~ininp w~P+ld, with iota~st acawd, and ~II ma+~y~ s~wnd Mrsby. ~hsll b~oona dw u~d P~Y'
abl~ iorthwith, or tMreafta. +t th~ option of said MORTCaAGEE, as fully ~nd oompbte~y as li ~II of th~ ssid sums of monsy vw?~ oripin~liy stipulated
ro b~ paid on wd~ d~y. ~Mrthirg in said promhfay rab w in this Mortp~ w tM contrary nawithstandinys and Mawpon w tMr~sfter at tM optan of
~aid 1MORTCaAGEE, without notia or dam+nd, suM at law or in ~VuitY, tMn(on or M~vwher bs~ww. rn~y be p?os~cv~~d as if all mornys t~wnd Iweby
hsd en~twed prior to ils i~utitutia~.
7. iFwt in the event that at tM beginninp of w at ~e~r tterK Pendirg +nY wN vpon thb Mortq~pe, w fo fwecloM H, or fo nfam h, or to Mfora
p~ynwnt of ury daims hersuodw, said MORTGAGEE ahall appip to the Court Mvinp ~urisdictlon thereoi for tM s~+pointmant of a R~oeiver, wd+ Cowt ihal)
forthwith appoint s rec~iv~r of said mortyayed propKty ~I) and sinp~l~r, indudirg sll ~nd sinpular tM iixome, profits, itwes and nwnuea fran wh~t~vK
sowc~ derived, ssch ud every of which, it beu+p expressly wwl~rstood, is hsreby mo?ty+~d as if speafically ~et forth and dswibed in tl» 9~antinp snd
habendum daus~s Mraof, and such Reoeiver shsll h+v~ aU the brwd and eHectiw ivnctions arw! powers in ~nywise entrusted by a Co~rt to a Receiv~r. and
wch appointment ~s11 be made by wd~ Court u an admttt~d sqvity ud a mattar of absolvt~ riyM to ssid MORTG/WEE. and witFaut nfKe~ ro tM `
~dequaty or inadeqwcy of tl~s val~e of the propsrty mort~ayed or to ths solvency w insolverKy of saW MORTGAGOR or the d~fendants„ ud that wch 1
re~ts, profib, incortr. issues and reve?~ues sh+ll be appliad by wch Receiwr ~ooordinp to th~ lien a pvity of aaid MORiGAGEE and the practks of wch
Cowt.
8. To doly. Pra^Ptly ud fvlly paform, disch+?ye, execute, sffecr. oomP~~. ~Ph with and abid~ by e~cfi and twry tlr stipulatioos, yresms~M.
--.x!'dlom and oo+renanri in said promistory. note ard this mortyape at fotth.
` 9. TMt in tM event th~ o~wnershlp of th~ mortpsped Pnmis~s. a? anY Parf tiier~aof, baaane~ wstd in • p~qon otlwr th~n ths MORTGAGOR, th~
MORTGAGEE, its waessors and assipna, m~y, witho~A notice to the MORTGAOR, d~al with such waeswr a xrcoeswr in intKat wirh reFererKe to this
mortpape and th~ d~bt haeby aacvred in the sam~ mamer q with AAotty~por witho~t in ~ny way vitiatinp or disd»rqiny the Mort~apors li~bllity hera
ui+der w upon the debt her~by Kcured. No sal~ of the prsmbes hereby maty+y~d and no forb~uana on ths part of the MORiGA~EE w i~s successors 1
w asti9ro and no extensan of ths tim~ fw tAe p~yma?t of the Jebt hereby aecured giwn by th~ MORTGAGEE or its sucosuo~s or ~ssip% shall op~rets >
to nl~a~ d'ad~+rys, nwdfy ch+nge or affed the or'g'u~al liability of tM lWORTGAGOR herei~, ~ithK in wlwk or in p~rt. t
10. It is speaficely igroed that time b of the es~ence of tha oonhact and that oo waiver of sny obligation haraunder or of th~ obliyation sr
cwad h~nby shsll at any time thereafier be held to be a waiver of ths ternn herwf or of the Gutrumeot secvred herby.
11. In sddition to the foregang monthly payments of princ~pal and interest required by the promiuory note secured hereby, mwtysgor oovenants
and agrees to pay to mortyagee with esch monthlY paYment an additiorul wm estimated by mwtyagee to be equal to 1/12 of the annual coat of ihs fdlow-
ing:
a A-Atl real property taxes kvied or assessed agaiast the above deacrtbed real •~tate.
S-Prrmivms on firo and windstorm imurana as hsrein req~ircd to be carried on ths improvemenb siwate on the above desvibed prerriud.
C-?remiums on such mortyaye gvaranty inwrance as mortgapee shall from time ro time deem fit ro orry on the Iwn sea?red he?eby. .
Nbrtgagee shall from time to time notify mortgsgo~ in writirg of the amoum due and paysbk here~nder and such wm thall thereupon be due and
paysble on the dve date of the next rt+onthly payment and eath wooessive monih thereafter until mortgagee shsll ootify mortgsgor of a charge in such
amount. Such sums shsll be spplied by mwty+gee toward the payrtient of real property taxes, iravrance pramiums, snd mortgage gwranty inswance
~ premivms.
IN WRNE55 WHEREOF, the said MOR AGOR has hereunto set his hand and seel the dsy snd year first aforesaid.
Seabd~a of: ~ I
. ~
~ i ry
n
. ,s.,q
srAr~ oF aoaian ~
~
~p~~ pF St . L uc ie
~ ~ Nathaniel Davis ,,,d
Jessle Davis N, wife, to n„ v„e~~ known ,rd krav~n, „ me to b.
th~ in~vidwb dauibed in and who ~x~a?ted ths iorpoirg instrvma+t. ~nd sdcnowled~ed before rrr that they euecuted ths wrn~ for th~ pwpows
1~Nfil~11 fX~fOiMd. A~ ~N faiJ JBA~7i~ nAt~l Q
Nathaniel Davis upon ~ Npariti i~id privat~
exam'in~tio~ by ms taken separste and ~part from hsr wid hvsb~nd, adcnowledped b s~d befu~ m~ that ~he executed wid Gatnwn~nt freily t1~1 volun-
farily and without any oomp~rbion, oornnab+t. +Ppreh~rnia4 or fur of a fran F~x saW Iwaband. ;,r~'~;-'.:-
j'~ d,~, o~ october . R:.a~B.
WRNE55 my h~nd and offkial seal r1.t: -r~ .
. ti c4 i~~:•'=
C~1 . ~ I LS`;~~~yiL:
,~L/X.~..t~ ~a-r~. ~ ~ ~ • -
NOIN~/ PU~~C 111 ~ f01 ~1~N Sb1t ~!Or FRi9df 1f~~~w
My Ccmmiision ucpir~ r ij''
Retv?n Ta . ~'j-• Q' ; •;!`J ~
Fint Frderal Swirgs a loan Associsrion . M~ f Y
d U_LI~ i
i
A~c O f f' ~ 't~
FI~EO AND RECORDEO MY ~M~551~N EXPIRES °
af rn.~ P~.~. ~nft ~ ~
` ~to r.
S T. L U C I E COUHTY FLA. R O"~ o w. o i i~, n:;-`,~.
Fort Pierte. Flarids . ~ ~ • r: ~
.r. C~RD t ERlF p ; t~. _ ~ .
,s,,. . .,,_~~,4 _
•l`71652~ _..~c
' .~~i•~l,TC'~.
7:
~s instrument prepared bY 6B OCT 2 5 AMI I O: S 0 ~ ~
~r~t ederal ~v. & Loan pssn.
P ~ ~ ~OGER. POITR~S
~ LERK CIRCUIT COURT
' ~ 8
flK ~.fi4 488 , ~ .
' ~ ~5 ' . • i
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