HomeMy WebLinkAbout2140 r
i
To pl~ ar~d contirwouily kNp on t!» buildi~ps now w Mr~~ftN ?itu~t~ on i~id land snd on ~II equipm~nt ~nd p~nonally covered by thi~ narp~
y~, with ~II premiums therwn paid in full. iir~ I~ur~nc~ in ~M uiwt starxlard poliq fo~m, in • ~um approwd by tM MORIGAGEE, ~nd windstwm
inswanc~ in iAs uswt tita~~d policy form, in a wm approved by tM MOkTGAGEE. in wch company u companiq ~s th~ MORTGAGEE m~y ;
d~roat +~+d all fir~ a~d wie+d~tam ie?wraoa policiH on any of i~id bueld~nys, sny in~cro~t ~herei~ a p+r~ therwf, in ~M ~grcpau tum ~(oresaid ot
in ~xc~s thereof, shall ca+t~in tM usu+l standard mor~qs~ claus~ a iuch o~her c1~us~ as ~M Matpspe~ may ~eqv~r~, makinp tM lou unda sa~d po1F
cies. esch and wery, paYibl~ to s~id MORTGAGEE a iq in~erest may ~ppear, and e~ch and we.y such policy iMll be p~omptly ass:~ned ~nd dslivered to
+ny Mld by sa~d MORiGAGEE as (unher sxurity to satd mort~+~ dsbt, ~nd, not ku tMn ten (10) d~YS in advance af the ~xpiration of each policy, ro da
tiwr to iaid MORTGAGEE a r~newal thatof, topNhN with a rectipf fw tM prtmivm of ivch renewsl; and thert ihall be no f'ue a windsta~m iruurant~
~lac~d on ~ny of said lwildin9s, ~ny iNerstil t!~~i~ p p~r1 thKeof, w~lesi Io tFr fam and wi~h th~ loss paysble u aFweiaid: aed in tlr ew~t any swn
of mwwy becwny payable und~ such polky a polici~s said MORTGAGEf ~hall haw th~ option ro raceive and apply ths sam~ on accovnt of the indebtsd-
rwu sstut~d hKeby w w p~rmit said MORTGAGORS ro teotiw and vN i1 w any part thereof fa othcr purposes, without thrreb/ waiving w ~m~ir-
inp a~?y puity, Iro~ or ~ght u~der or by vinw of this mort~s9r, ~nd in tM ~wnt s~~d MORiGAGORS shall {w any reaso~ fai) to keep the iaid premEses w
intvred, or fail b delive~ pranpdy ~ny of saitl policies of intur~r?c~ to said MORTGAGEE, or fail promptly to pay fulty any premium therefw or i~ any =
re~pect (ail ro pKforn~, d~scMrpe, ~xecute, ~ffect, complete, comply wi~h u~d abids by this covenant, or any pa~t Mreof, said MORTGAGEE may place and ~
paY fw such inwranct a u+y pa~f tMreof withouf wahriry or ~ffectk~ ae~y option, 1'ien,, puity, or right under or by virtw of tAis Mort9~ys, and the ~
fuU amouot oi each ~nd ewry such p~yment sMll b~ imreediat~ty dw aod p~y~bk ~nd ihatl be+~ intereat from tM dNe thcreol until paid ~t tl+~ ~aN ot
niM p~r ca?tum pK anrwm snd loyether wi~h such interest shatl be secured by tM tie~ oi th+s mort~~.
I. To puenit, commit w suffer no wute, imp+irment or detaioration of said pop~rfy or +ny part the~eof.
S. To pay ~II and sinpvlu tM costs, charptt uid ~xpt~ue~, includinp a reasor?~bk attaney's fee and costs of ebitrad~ of title, incvrred or paid ~t
any time by wid MORTGAGEE, becsust a in the ewnt of the 4ilurt on tM pcrt of tM ~aid MORTGAGOR to duly, promptly and fully perfam, d~xhar9R
execuq, effect, complete, oomply with ~nd ab:d~ by esct~ ~nd every ths stipulat;ora, agreartx~nt~, condition% and covenanb of said promissory note end ~hu
mortgage any a e+~her• snd s~~d coiM, charpKt and expe~ses, each and every. ah+ll b~ imrn~lfately dve snd payable: whethcr or not ther~ b~ notice da
ma~d, sfeempt to collecf or wit psndinpt and tM fvll amount of each and eva~y wch p~ymem shsll l~e~a inrercst hom the daM the~eof until p~id at the
ratc oi ni~e per ccntum prr an~wm; a~d a!! aaid cosn. charpes ~nd expenses inwr?ed or paid, together with scxh interast, shall b~ tacvred by the lien of this
^w?t~ay~•
.s
6. That in the eve~t of any breach of this Mortyay~ or def~uit on t!r psn of the MORTGAGOR, w(b) in t/~{'~vent ~ny of taFd sums of naney
herein referrsd to be nat p~omptly ,~,d rviy Ra~d wifhin th;rty (3p) dsys next afre? the same severaNy become due ~ea payabk, withoW demand or notiu,
or (c~ in the event each and every tM stipulations, ag~~em~nq, conditior.s and cove~+snts of sa~d prom7uory note ;e~d th~a mat~a~e ae~y or either ar~ no1
iuly. promptly snd fulty performed, d"~scMr~ed. ~xecvrod, tfhctod. compkted, complied wirh ux! abided Sy, then in eit}?er w sny •such ~ve~t tM s~id ~
9regah swn men?ioned in ssid-p?omisswy-note tMn remainit~ ut?paid. ttrith inte~est atuued. and all moneys secured hereby. becort~e dw a~d p~y-
able forthwith, w thcresfter, s~ the option of s~id MORTGAGEE, as fully and compk~ety as ii all of the said wms of money were or~ginafy ~Ypulated
ro be psid on such day, anythirg M ssid p+omiuay note or in this Mortga~ to the contrary notwithstanding; and the.veupon or thcreafter the option of
uid MORTGAGEE, without notice a d~mand, wit et law or i~ pvity, thereforo or thereafte? be~v~, may be pros~ecuted +s if ~II moneys secured hereby
had matured prar to ib institution.
7. Tf+at in the event that et the beginnirg of w at aay time pending any suit vpai this Mwtgage, a to fweclost H, a to reform it, o? to enforu
payrrKnt of ~~y daim.s hsreunder, said MORTWIGEE shall spply to the Court having ju~isdrction thereof fw the ~ppointm~nt of a Recciver, wch CouM ~II
forthwith ~ppoint a receiver of said mortg~ged p~oQeAy ail and ungular, (nclud~ng aH and singular the incorr~e, profin, iuues snd ?evenues from what~ve~
wurce derired, each and erery of whfcA, it beinp expressty undera~ood. is hereby mortgaged u if speufically sel fath and dewibed 'en the 9.aotinp a~d
habendum clauses hereof. and such Receive? shsll have all the broad and effectivs funct~ont and powers in anywise e~trusted by ~ Court to a Receiver, and
:uch appointment shaN be made by suth Court as an sdmitted equity ~nd a maner of absolute ~i9ht to said h10RTGAGEE, ~~d without reference to th~
adequscy a in~dequacy of the value of the property mortyeged w to the wnrency or insotvency d said MORiGAGOR or the defendants, and that wch
rents, proiia, income, iuues sod revenues thalt be appt;ed by such Receiver accordinp to the lim w equity of sa;d MOkiGAGEE and the practiu of such
Covrt.
8. To duty, promptly and fully perform, discl+arye, execute, effect, complete, comply with ~nd abide by each snd ewry th~ stipulatians apreemenq,
condiYwro and cove~aMS in asid promissory noa and this mwtgsgs ut forth.
9. Tha1 in the evem the ownership of the mortg~Qed promises, or any parf ihereof. becpnes vested in • penon otfier tMn ihe MORTGAGOR~th~
MORTGAGEE, its successors and sssiyra, msy, without notice to the MORTGAOR, deal wifh sucn wcceua o+ tuccessor irt i~terest with rofcrence 1o this
mortys~e snd the debt hereby sntvred in the sa~ne maro?er as with Mortgagor without in any way viliatiep p discharging the AAortgagors' liability herr
under or upon the debt hereby secvred, No sale of the prcmises hcreby mortgsged u~d no fwbeara~ce on the paA of the MORTGAGEE or iri successors
a augrn and no exlension of the time for the psyme~t of the debt hereby secured given by the MQRTGAGEf w its s~?ccessors or auigns, shall op~rat~
to release, d~schargs, modify change or aNect the wigir?al liebiliry ot the MORIGAGOR herein„ either in wlak a in p~rt.
10, tt is specifically agrced that time e of the euenc~s of this caNrsct snd that no waiver of sny obligafion hercvnder or of the oblipaYan sa-
cured hereby shall at any time thereafter be hsld ro be a waiver of the terms hcreof or of the iratrument secured herby.
11. In add~tion to the fwego:og monthtY paYmmis of print:pal and interest required by the p?omissory note secured hereby. mortgagor cover?s~h
and agrees to pay to mortgagee with each monthly payment an addiriansl tum estimated by mortgagee to be eqwl to 1/12 of the ann~al cost af the follow-
ing:
A-All real property taxes kvied o~ assessed against the above dewibed real estatc.
B-Premiums o~ fire and wi~dstwm insunnce as herein requ~red to be carried on the improvemenn sitwte a? the above desailxd premises.
C-Premiums on s~ch mortgage guaranty insura~~ce as mortgagee shall from ume to time deem fit to carry on the loao setured hereby.
Mwtgagec shall from time to time notify mortgagor in writing of the amount due and payible hereunder and such sum shall there~pon be c!i?e and
payable on the due date of the next monthly payment ar?d each succeuive mwnh thereaiter ur.til mortgagee shs11 rafify mortgagor of a change in svch
amount. Such sums shaH be applied by mortgagee toward the psymtnt of real property taxp, insurance prem:ums, and rtartgaye guaranty insurance
pren+iums. .
IN WITNESS WHE EOF, th said /RORTGAGOR has hereunto set his hand ar~d xaf the day year fint sfw id
5' , eakd ~t+1e a««~ ~F ~~LEO ANO RECOROEO ~ c
S`. LUCtE COUNTY, FLA. . ~
ft~"CORD `l-Rlfl~[:
191514 "
~
I s~U ~ 2~ ~ 9. 36 :
~ STATE OF fLORIDA ;
~ courm oF St. Lucie 'Y»~ a'~
f
! Befote me person~lly app~ared Bdward V. ~b~i ~OITRA
.~d
~ Liliian n. ~ntQi1~LERK CIF2CUlT CO R~
the individwb dewibed in and who exewtd ths for instrument, and ~cknow! his wHe, to me well k~own and krawn to me to b~
i n~ edped before me that they execvted the same for the purposes
{ rt+e.ein exaea~ea. a,a the sa~ Li'llian D. Me1~:ill
f wi~e of ths s~~d Bdwa7cd V• MCNo31I v~on • sep~rate aid priv~tt
exsmination by me ta4en separate snd ap~rt from her said lwsband, ackrwwfedped te and befo?~ rn~ that shs execvted said irbtrument freely and vofwr
; tarily ~nd without amr compulian, constraint, appreh~naan, or fsar of w from he~ said husbsnd.
;
! wITNESS my l~.nd .na-o~ici.rs.+-t ttu~ - - - a~ 5~---- ~y, ai _ _N~?RCh_ _ _ w. D. l4
7O
~ I ,c .t.[L, O . ( l,[j„~L j='~/
~-Notsry Public in ard fw ~he Stat~ of florida ~t l~r~
'I ,e ~ ~ My Commiuion tx '~es:
' Retum Ta .,i ~s.#~ `~`~~~tku1`tt~~~~~" :;c-- NOT1Rl PUBUC, ~ATE aF fLOR{QA AT IAR~iE
! Pint Fcderal Savir~s a loa~ /lssociation -;~L `~'~,i'ly~~~ty',~~11f~tAMNi1SSt~N EXPIRES SEP7: 23. 1973
: r : 301tDE6 iHRU fRED w. DIES~Etl101tS7
Of Fort Pierca ~ ~ ~ •a•~.~~~s ty~~~ ; ~
r ~ i~-.~Y-`~s~~,i'~° ~~/v : . .
fott Pierce, flwide ..:3,, • . `
~ •~y i M- et " ° _ _ .r I' i,
+ " i a~ ; ~;4~" ~Q ~ '
! •.L~~f"r r'.~
. : f_ ~
~ - :;x. :c! -
; -~;~t::~*. „ eg-,~~~~': • w'-~
! This tnstrument Prepared 8y Ricda~E' ~it:-
~
First Federal Savings b Loan Association ''r:~~~!
~Y ~i . ir
• of Fort Pierce~ I~lorida '~~,;~7Z~ c~~~,• -
' ~ f~~ii~~sn~tut:i. ' _
,
` Checkea By l - " -
800K~vJ P~ICE~1~
- . _ ~ cf
, _ _ . _ _
K ? ^ -
~
~ 'z ~,..~r~,~-_,~~,~-,s~ s 'c~~, ~ ~w-°'
~
' s
;
~ . . :~~~~""T~
l _