HomeMy WebLinkAbout0641 ~ ; r : : ,
,
1. To pl~ and oontinuously k«p on th~ buildL+p~ now or M?whM Ntvab on eaW land ~nd oe all p~ipr~t Md p~ondh? covK~d bf? Mb narp~
p~, wMl~ all pr~nium~ tFw~~on p~id in fui4 fih Muw+nc~ in tM uswl ~and~rd polky fwn4 M• swn approwd b1l ~M MW~TGAt;EEE. ~nd wi~lonn
irNwana in th~ uiwl s~u~d~.d poliel? fona. M~ sum ~pprowd by ~M MORTGA(iEE. In ~ucA ca*~P+nY a oomp~wK aa th~ MORTGAGEE u~aY
dM~tt ~nd dl fln u?d wi~d?IOnn insw~na policia on ~ny oi a~id buildiny~. anY NtN~at theni~ a p~rt tMrwf, M IM +~~+Iw~ wdM ui~d
~Poli'
in ucaa tlw~oi. ~hal) oontsin tlw wusl uaexlard mo~rtp+pM claus~ w wd~ odw~ dau~ a ~M Mat~apN n+~y reqvin, n~+kMip
d~s, wch and ~vuY. WY~bb to ~id MORTO/?<iEE as ib i~t~nst m~y app~~r. and ac!? ad ~wry wch polky sMll b~ pron+Wh asslqn~d ~e~d ddiwnd ~e
~ny h~W by uM MORTGACaEE a~ furthN s~arh~? fo s+W mo.~pa~ d~W. u+d. nw Na tlNn t~n 110) day~ M dvana of t1» ~xpir~tioe of Nch Polk1?. to d~
liwr b wid MORiGACsEE a r~wal tMno~ top~~ with •~~ipt for tM p~we of wd~ r~wwalj and then ~hall b~ no fin w wi~?~t«n~ iiwxanc~
plaad on Mhl of wW buiWie~p~, ~ny inta~t tMrein a~ pa~1 t!»nof. w?I~sf in tM (om~ ~nd with tl?t loss payabl~ as aforaaWt and in tl» ~wM a~r wm
of ~qMy b~Oqn~s paYabl~ u„d~r wch policy or polici~s s~id MORTGAGEE sMll Mw tA~ optioe to nceiw and ~pply tM sam~ on acoov~+t d th~ ind~bt~d
e~ss ~p~d ~yr~b~l a p p~rmh s~id N1pkT(;AGORS b naiw a~d uw h a any part thereof fw other pu~pwes, withovt thaeb/ walvinp a impair-
irp ~ny pui~y. li~n a~ipht ueda a by vktw of th4 ~nor~p~p~l and in tM ~t s~id MORTGAGORS sh~ll far ~+~r ew~on iaq fo kMp tM atd pnmis~s so
~.w..d. w f~u w d.i~ aomwh +m of ~aid polici~s of inwwnce to aid MORTGIWEE. a f•il P~a^+P~N ro P~Y ~+~b +~+Y P~•+niw++ tMMfor o. ~.~+y
r~p~q tatl b pKfomq disclw~, ~xeart~, ~ff~ct comP~~t~ cat~piY with and abid~ by tAi~ coveeant, a any psrt M~wf, aW MORTGAGEE m~y plaa and
ar fa. such Maurano? a.eqr pm rMrsal w~d~out w•ivlnp or .ff.ainp snr eWia?. U.e~, .qv~b, w ~ipht w+dK a by virtw of this /Mortp+p~. ~nd the
fvll ~nount of ~ad~ and ~wry wch paymMt sMll b~ i+mrd'Naly dw and piyabl~ and shall bsar intK~at from tM date thuwf ontil paid ~t tM ~aM o1
nin~ pK antwn qr aMwra and top~tha with wch intKeat sMQ b~ s~cwd by tM It~n of N~is mort~+pa
1. To p~rn~ oomwh ot ~+ff~r no wut~. MeWinntiM a detKio~tion of wid propKty or ary? put th~?~oi.
S. To p~y aN and sk~pvlar th~ oosts, d~srpN ~nd ~cP~aeti includkg ~ rei~on~bb +ttan~y's f.. and cosn of abatt.c+s of rit~. innm.d w paid at
any tirrw by wW M10RTGAGfE, Mcw~e w in th~ w~nt of tM isitwe on th~ pan a~ tM aid MORTGAGOR to d~ly. p~anptly ~nd fvlly pKforrn, dachar~
~xecvt~, ~fhcb ~~h. ~y with nntl ~bwN by ~ith ~nd every 11r ~tipul~tiora„ ~pre«++sn1s. oaKlitiaa. ~nd Cown~nq of s~id promis~wy ~oh ad tAb
morrp+p~ +ny o~ ~itha. and s~id oats. d++rp~s and ~xpKUa. ~+ch and ~vwy. 'sMll M imn~diat~ly dw and r»yabl~; whethe? a not tMr~ b~ ratiu d?
mand, ~ttNnpt to ao1Nd ar wit pen~npj and th~ fvll smount of each and. ~1r wch P~Ymen~ s6+ll b~u inter~st from tM dat~ MNreof until paid at th~
rete of nirn pe~ oentum pK annum; and sll s~id costs. charye+ +~d exP~nses 4+a+rnd or p~id, togetMr with such intaat, sh+ll M sKwred by tM Ikn of tFus
ma1~-
a 71wr (a) tn tM aNnt of uiy brsad~ of thts Mo.~g+p~ or d~fa,lt on rM pa?t ot tM MOrtrGJ?GOR. ar (b) in th~ .wm a~y d s~sd axm d mon~y
he~~in r~farr~d to b~ not promptly and fuiy psN! within tliuty (30) days ~em aher tl+s wne wv~ally b~can~ dw uid pay~bi~, vv~thout damand o? notic~.
w(~ in tiw ewnt ~ad~ and ~very ths stipul~tions, s~resmann, oonditiau a~d cov~nana of a~d promluory not~ a~d th7s matgape u+y or ~ithar an nol
~ly. pra~+ptly ~nd fvlly pKfamed, disc~xyed. ~xetvt~d. ~ffected, comPl~tad, oompli~d with and abided by. N~sn in ~ither o? a~ such ewm tM wid a~
pra~t~ wm mK?ta~kd in uid p?omks«y no» then nm+in&+p uepaid, witl~ interest accrwd, a~+d all nwneyt aecurod Mreby. aMll bac~ dw and paY
able fonhwtth, w tMrtafia, ~t th~ option of said MORTGAGEE, as fully ~nd compktely as if all of tM said sums of money wer~ orip'inally stipulatcd
ro be paid on svch day. any~hinp k~ s+id promiasory note or in this Moitps~e to th~ contr~ry notwithstand;np: and thereupon or ther~shK at the op~an of
s,id MORTGAGEE, withow notice a demarwl, wit at bw or in p~ity, tM.~fae or thereaher b~yun, maY b~ prwac~ted ~s if all mo~eys sacvnd haeby
h+d matw~d pra. to in insrih,ran.
7. lhat in th~ ~wnt that ~t the beginning of o? ~t any time pendinp any wit upoe tha Mortgsye, a ro faecloa~ h, or to refwm it, w to a?fwa
psyment of imr daims herew~da. ~+k! MORTGAGEE shall apply to the Co~n Mvinp jwisdicYan thereof fw the appanm?ent of a Receiver. such Cowt shsll
iwthwith ~ppoint ~ receiver of wid mortyap~d ptoPerlY all u~d sirgvlu, includu+y atl and sinpular tF~t incoms, p~ofits, iuues and r~venues from whatwer
wuroe darived. escF~ and evcry of whKh, it beinp expressly und~rstood, a hereby morty+gad as if speNficaly set forth and dewibed in tM y.+ntinp and
Iubendum clausp Fwroof. snd wch Receiver ihall Iww all tl+~ brwd and ~ffactiw funct:aa ~nd powera in anywise entrusted by ~ Gou?t to a Receiver. and
wch appoM?tmem sha11 be mxls by such Gowt ~s ao ~dmitted equiry and a~r»tta of sbsolute right w said MORTGAGEE, and witF~o~r~ reference fo tFw
•dequacy w iMdeqwq of tM wlve of the property mwt~s~ed or to the wlvency a iasolreocy of s~id MORTGAGOR o~ the defeedantt, and rhat wch
rent~, profit~„ intoine, issues and revenws sh+ll b~ spplied by suth Rateiver acoordinp to ths lien or pvity of said MORTGAGEE and the practit~ of such
Caxt. ~
d. To dufy. promptly and fully p~?form, d'acMry~, execute. effed. aompkte. aomplY with ~nd abide by each u~d evary th~ stipubtions„ apreernenb,
co~d'itiora and cove~ann in wid promissory note and this mortgaye set forth.
9. Th+t in the eveM ths ownership of the maty+~ed Premises, a any p+rt ti~ereof. Ixaort~es vested in a penon Wher than the MORTCsAGOR. tlw 4
MORTGAGEE, its svctesw?a ~od +uiyns, m+Y, without no~ice to the MORTGAOR, d~al with iuch wccesso~ or successor in inter~~ with refereoce to this {
mortp~pe and the debt hereby satwed in the same mamer ~s with Mortgspw without in eny wsy vitiatlny a dischsrging the Mortgagors' Ilsbility h~rr ~
under or upon tM debt hereby secured. No ssle of the premises hereby mortya~d and no forbe+wnce on the pan of th~ MORTGAGEE w its suaess«s
or usiym and no e:tension of tM time fw the payment of the debt hereby sccured piven by the MORTGAGEE or its s~?ccessors or assigro, shall operat~ t
ro r~le+s~ d'acMr~, modify chuge w affect the oripinal liability of the MORTGI~GOR herein, either in wt?ole or i~? p+rt.
10. It is ~pecifiully ay~eed ttwt tim~ b of the euence of this oontr~ct and th~t no w~iver of ury obli9ation hereunder or of tl» obliyation sa
wnd I~eby shdl st any Yarrro thereafier i» held to be a waiver of the terms hereof a of the instrument sewred herby.
11. In sdd~Yan to the faegoing monthly paymentt of princ:pal snd interest required by the ptomissory note secured Fxreby, mortgsgor covenants
and a~rees ro pay to mortgagee with each monthly psyment ~n addi?ioMl sum estimated by mortgagee to b~ eqwl ro 1/12 of the an~ual cost of the follow-
" €
A-All real property tazes kvied w assessed against the above dexribed reel estate. `
B-Premiums on fire and windstorm inwnnce as herein req~~red to be urried o~ the improvemenri situate on the above described premises. ~
C-Premiums on suth matga9e gwronfy insurante as mwtgsgee shall from time to time deem fit to urry on the losn secvred hereby.
Mortgagee shsll from time to time notify mortgagor in writing of the amount due a~d pay~ble Ixrevnder and such sum shalt thereupon be due ~nd
I payable on tM due dats of the next monthly payment a~d each successive month thereafter until mortgagee shsll notify mortgagor of a chanye in such
i amount. Such sums shall be applied by mortgsyee tow+rd the payment of real property taxes, insvrance prem:wns, a~d mottgs~e g~?aranty irqurant~
~ premiwns.
~ IN WITNESS WFiEREOF, the said MORTGAGOR has hereunto set his har+d u~d seal the day and yeu fint aforesaid.
~ ' !ed and I pr ofc y ~
! ` _ iri/. / ~~~q
~..n
n.,~ i
rc..p
STATE OF FtARIDA ~ •
St. Lucie ~
courm oF
s.fo~. ~«.«~uy Olga M. Holton, A S in91e Adult
f~if~, to me w~ll known and krawn b me to b~
tl» individuaN d~saibd in and who tx~cul~d tM fonpoinp Gutnrm~M, ard ~ckrawledpad b~fon ms that NMr ~x~arted ti» sam~ fa tfi~ qrrposas
She
Ma~in ~~pNS~d. And Nw wi~
~
.rifr ~F-~-Mi~ ~!i r N}ar~FM~ ~~iwN
• ' ' t~htw~~aN~aml~ait~~orw.f~•s~i/ •wanr.i~fwi+m.tlWt.~~fsdiai~irt~rwl~f.
~.riy ~wd•..iM+wA ~w~Mi~ arrrwiur MP~~rar-4w ~f-K-f~~.?Nii ~uswwl. ' ~ • ~ • ~ h ~ ~
w~rr,ESS nhr h~na .nd ofr~a.~ di~ 4~~ d,~, oi ctober : J~ •'~J~'p;•~
. _ . a . . . •~j . .
`
NOfMY P{I~{C ~fl Nld f01 1~N Sb .HOtI~{~W
M~d
~ • - FILEO ANO RECORDEO µy / ~ ~t,-'t.~/ ~ ; ~ -
R~wn ta ST. LUCIE ~COUNTY. FIA. ~ • J . ' = '
4 . / ' ~a~ . ; . :
i Am F.d...~ s.~. a~ ~.~«~r~ C O i? D V E R I F1 E D t~~• n~~~ of ~ti?wyit-~ F
~ Fa., PK.~.. 1'71'~'S~ M,? ca~uss~r~ ~u~s cEC. ~,.~;r. . - ~ ,
~ Fon v~.,c.: fb.~d, ~~?MOUw R~se w. n~~~*nNO~~T1.T ~ ~
i
'68 OCT 3 0 AM I I: 0
_ This instromeM prepared by
_ ~ eral S~v. ~ L Assn. ROGER POi7RaS
~ ~ •CLERK CIRCUIT COURT
B .
~ ~o~c 17~ ~ ~ .
~
~
;
f ~ ~ ~ ~i . ~t ~