HomeMy WebLinkAbout0788 . ~ y~. ~ . Y
, t. .
l
To plrp and conttnuouily ke~p on th~ b~lldinps tww a M~~+fi~r silu+t~ on said land and on all eq~ipm~~t u?d per~ily cov~r~d by this r~wri~
apt. with all pnmiums therwn p~id in fut1, fin ienwanc~ in ~hs vawt a~da~d policy iwm, in a wm approved by tM MORTGAGEE, ~nd windstwm
inwr+w+a In tiw ~nual aandard poticy form, tn a swn approved by tM MORTGAGEf. Fn wcl~ company a cornpania u ~Fw MORTGAGEE m~y
dinaj and all fin u?d wcndstorm i~uru+u poliw~ on any of said buildi~ps, ~ny int~r~st t!?Kein or part thtr~of. i~ tl» ~pp~s~~t~ wm ~forttaid or
in ~xa~s tMnof, ah~ll contain tM uswl itandud mongaqN ciauie or wch otha ciau~ as tM IKortpaye~ may rpv'a~. mskiip ~hs bss w~d~? wid pol~
cia. t+d~ ~nd ~wry, paYab~e to s+3d MORTGAGEE as ib intwest may app~ar, and e+ch and ~wry avch poliq ~hall b~ promptly ~ss:~n~d u~d detivered to
~oy Mld by said MORTGAGEE a~ further ut~rity to said morty~gs debt, ~nd, not I~u th~n tsn (10) days u. advance ot ths ~xpir~tion of each poi;cy. ro d~.
liw~ ro t~id MORTG4CsEE a rtoewal thaeol, topt~hK with • receipt fw tFie prKniwn pf ~uch r~newal; and tMn shall b~ no fin a winditam inwru~c~
pispd on ~ny of sakl buildinps. a~y iMereit ther~in w p~n the.eof, unltss io the fam and with tM lou pay~ble a ~fores~idj and io tF~ ~veM ~ey sw~
of eew~y becan~s p~yaWe undK wch policy or policiss said MpRTGAGEE shall haw tFN option ~o receive and sppty tM wnk oo accovnt of tM ind~bted-
r~ ptw~d lrrtby a~o pNmi1 said N1pR?GAGORS ro receiw ~nd uie it w any pa?t Ihereof fw otF+er purposes, witFw~+t thareb/ waiving u~mpair-
'^o +~Y ~~h, liu~ a rqht wxiK a by virtw of thi~ mort~~t ~nd in ths ~venf s~id MpRTGAGORS shall fw any rcawa fail to ke~p tlx s~id premises so
inwnd, o~ fail b dtlivH promptly ~~y of said polities of ins~ra~u ro said AM1ORTGAGff, a fsil p?ompfly to pay fully any premium therefor or in anr
nsqct bil to pKfo?m, dixMr~. execur~. affect. complets, oomply with ~nd ~bid~ by this covenant, a sny part hxwf, said MORTGAGEE may pl~ and i
paY fa svch i~anc~ or any pirt t1a.s~f without wsivi~p « ~ffecti~g any opt;on, lisn, eq~;ty. a right ~rxkr w by virtw of thls Mat~ap~. and the '
fvl! amowN of tadi ~nd w~ry sucb paymer?t shall bs immediately dw ~nd pyabl~ ~nd ihall bear interett from tM dat~ thcteof u~til paid ~t th~ ~ab oi
nieK pN pntum pu aixwm and together with such interest shall bs secured by ths lien of tlw mo~tyape.
i
To pKmit, ownmit w wffer ra watte, knp~irmc~t a deterioration of said t
P~~Y a u?Y W?~ ihe~eof.
i
t
5. to pay all ~nd sinpular ths cosq, charp~s and exps~?ses, includinp a rt+sonab~e ~ttwney's fee and oosrs of abstracts of titl~ incuned or paid at
sny tlm~ by ~id MORTGAGEE, buuse or in tl~e ~wnt of ths failure on the part of ~h~ said MORTGAGOR ro duly, promptly ~nd fully perform, d~schar~ '
exscut~, ~ff~ci, oomplete, canply with and ab~d~ by each a~d every the itipulations, agreen?enn, conditions, a~d oovernnq of s~id promissory nota and this ;
mwtp+p~ +M? ar ei~ha. M+d said costs, char~es and expensei. sach ar+d ~ve~y, shall be immediately dve and payable; whether p not ehere be no~~ce d~ ~
mand. +tlempt to collect or wit pend~ny; ~nd tM full amount of each er+d every wch payment tFwll beu interest from the d~t~ tl+~reof until paid at tht
rate of nin~ pe? centum per annum; and all iaid costs, ch.:rges ~nd expensea crKUrred a paid, together w~tA svch intereit, ihall be aecured bp the litn of tha
6. That (a) in the event of ~~y breach of tha Matgag~ a dafault on the pan of the MORTGAGpR, w(b) in the event u~y of saEd wma of money
herein nferred to be not p~omptly and fully paid within thirty (30) days next after the same xveralfy becoer.e dve ~nd payebk, witRovt demand or notice. '
or Fn the ~ven1 each and s+rory fhe stipulation~, agrecmenn, conditions and covan~nts of sa:d promiuay note and this matpape any w either are no1
iuly. promptlp and fully pe~form~d, dixharged, execv~ed, effected, compkted, complied with and abided by. thsn in either w aoy such event tFN s~id ~g
pre9at~ sum msntia~ed i~ said promissory rqte then ~emaining v~paid, wi?h inrerest xuued. and all mw~eys setvred F?treby, sh~ll bec~ort~e due and pay- ~
able fOf1MIWfIf~ Ot 1FIe?Nf1N. at the option of said MORTGAGEE, as fully ~nd completely as i1 sll of the said sums of mawy were origin~lly stipulated
to be paid on suth dsy. anything in said promissory note w in this Morigage to the contrary ~orwithstanding: ar~d thereupo~ or thereafter at ths opeion of
ssid MORIGAGEE, without notice or ~km~nd, wit ~t law or i~ aquity, therefore or thereafter begun, may bc prosetuted u if ~II moneyf sacv~ed herebY
had m~tured prior ro in imrirutioo.
7. That in ths event th~t at the beginning of or at sny ~ime pe~ding a~y wit upoe~ this Mortgsge. w to fwectose N, w to reform ~it, q to enfwp
payrnent oi a?er dsims i~ereunder, aaid AApRTGAGEE shatl ~pply to the Coun having jurisdrciron thereof iw the appo;mment of a R~ceive?, su~h Court yFiill
Fwthwith ~ppoint a receiver of said mortgaged propeity all and iugulsr, includ~ng all and singular ths i~, pro{;ts, iuues ~nd revenues from wMtever
wurc~ derived, esch and every of which, it being expressty under:tood, is hereby mwrgaged as if specificalty aet fa~b and dewibsd in.the prantinp ~nd
habend~m davses hereof. ~nd such Receiver shsll have ~II the broad and effective fu~ct~ons aod powers in anywise emrusted by s COUrt f0 i Reteivet~ and
such appointment ihalt be macl~ by wch Coun q an edmitted equity ~nd a mstter of absolute rigM w ssid 14tiORTGAGEE, ~nd without reference to the
adequacy or inadeq~acy of the vdvs of the properry mort9sged or to the solvency or inwlvency of said MORTGAGOR a the defendann. and that such
renrs, profin, income, issues and ~evenues shall be spplied by such Receiver accwding to the lien w eqviry of said MORTGAGEE and the {xactice of such ~
Court.
8. To d~ly. p?omptfy and fvllY perform, discharge, execut~ effect, complete, comply wilh and abide by each and every the stipulatio~s, ~yrtemenq.
condiYans and oovena~a in said promissory note ux! tha mortpsge set fath. ~
9. That in the event the ownership of The mortgsged premises, or any paA thc~eof, becomes vested in s person other thsn the MORTGAGOR, the f
MORTGAGEE, its successors and auigns, may, wirhout norice to rhe MORTGAOR, deal with such successo~ p succcuor in inferest Mrit}? refe~ence fo this
mwt~ye and the debl hereby sec~red in the same manr~er as with Nbrtgagw without in any way vitiatu~g p discharging the Mortgagors' IiabilitjT herr
under w upoo the debt hereby aecured. No sale of the premises hereby mwtgaged a~nd no forbearante on ths part of the MORTGAGEE w its successon ~
or usgro snd no extensan of the time fw the p~yment of the debt hereby secured given by ti+e MORTGAGE'_ or in successws or assigrq, sha1) opsrate
ro rekase, diaclu~ye, modify ch~nge p affect the wi9inal liabil~ry of the MORTGAGOR herein, either in whole or in part.
10. N is specifically agreed that Yune is of the essence of this contract ~nd thst no wsiver of arry obl',gstion hereunde~ or of tM oblip~tion se-
cured F~eby shs!! at any tiros thereaHer be held to be s wa;ver of tF~e terms hereof w of the instrumeM secured herby.
1. ition to the fuego:ng month~y payments of princ'pa~ a~d interest ~equired by the prom;ssory note secvred hereby, mortga~c
~Mwts
ar:d agrees to pay to each monthly payment an additional sum estimated by mortgagee to be eqwl to 1/12 of th ~f the follow-
'~g:
A-Alt real propeaty taxes levied w asxssed against the above 1 es
B-Premiums oe~ fire and windstorm insurance as herein r u~ arned on the un it~ate on the above desaibed pt~qis~s,
C-Premiums on such morfgage gwran i mortgagee shall f~om time to Y~me deem fit to carry~o 1`1fie~J se~ur °
Mortg+gee shall from ti notify mortgagw i~ wriring of the amount due and payabte hereu~der and sutA sum sha
payable on the due the rk,tt monthly payment and each successive month thereafter urtil mort oa~L-'~~'be. S~ ~rd
amount. shall be applied by mortgagee toward the mer~t of real 9~~ ~II nofifY morf~g ,.p ,s.~ r~
P+Y P~ope??Y ta:es, insvrant~ prem:ums, and .@otf4i~~~rarq~;•
r~-
IN WITNE REOF, tF~e said AhORTGAGOR has hereunto set his hand ar~d seal the day a a fi t foresajd:~:''t ~•j !"1- ~
, sg~.d. ~a a~r ~a a~ or:FILED AND RECOROEO ~~i'G N r~ =
~C~"~~ ST. LUCIE COUNTY. FZd. By; ' U= -
~ti'C L- r~rnt~:? ~l~R;c~c~ - .
Jl'758Q0 Attes • ~
9 t~;t? t9 AM I(:3Q ~
STATE OF FLORIDA CIER~~~~S ~
I HEREBY CERTIFY, That on this 13~ day of March , A.D. 19 69 ,
before me personaliy appeared Robert E. Rose e~ Mary Rose
respectively P~esident and Seuetary , of
Westglen Corporation ~ Florida
. Corporatio~, ~ ~p ms
knawn to be the persons dexribed in and who txecuted the foregoing instrument, and severally acknoactpdg~ exe~
- ,
cution thereof to be their free act and deed as such officers for the uses and pu~soses therein mentio~. f .
. . , ;
affixed fhemb the offitial seal of said corporation, and the said instrument is the ad and de~d ~{y1 ~iY ~~t8t~pci
: ty .
WITNESS my hand and officiai seal at fort Piarce said covnty and staie, ;-,~Q1~ 0- ~
This instrrument prepared by - . - . ~ ; ' -
~ : -~v b r ~ :
First Federal Sav. & loan Assn. L~~'`~ - .
Of F; rt P~giCB Notary Public, in and for ~ Cy~~,
- - My Commission Eacpires: h ' ~ • .
Thotaas A. D=iscoll
~
3'~.Z..
~i76 ~~E .787
~
~ ~ ~
_ . ~ - c- ~v