HomeMy WebLinkAbout0121 S. To pt~ a~d contimwusly kNp on fM buitatin~ now a Iw.wiNe aih~N on wid 4nd #M1 on ~11 p~ipe~? u~d p~non~lly cow+~d bp IN~ nion~
p~, wirh ~ii premiwns r#M~on p~~d in ivli, fln Muw~ncs in ~he vwal ?tand~rd poticy Fwm, M• wm ~pprowd by ~M MOR~GAGEE. ~nd wi~daro.~
bawana in H» ~wai aaeda~d po~~cp f«eh, in . swin approwd b~r ~M MORiGAGEE. in wcA aompany w oony?~ni~s a tM MORtGAGEE ~r
dU~ct~ ~nd aM fln am! w~a.~n inw.aaa policiss on ~r of N+d bu11d~„ a~r 1~?a~ rh~nin or pwt ~hawf, in ~M spp.ey~N wm ala~W a
b~xo~a tl~o1. slyll tonlai~ th~ vwal qandwd rnaqap~~ dwN w wtl~ o1Mr c~ww a 1M Mw19apN mar rpuw. m~kinq tl?~ loa ~ndM Nid pol}
ciM. ~ath and ~ve?y. WYabl~ to said 11A~RiGAGEE M its iMNat ee~ry ~pp~M. a!d tKh u~d ~vMl~ ~uch Vo~KY ahsl! be ptomptly ~ss:Qn~d Mw! d~1ivN~d W
~ny 1MW by said MORTGAGFE ai fw1Mr wtw3tp to ~id mortyp~ debt. a,d. not I~ss than hn (101 days in advanq of IM *xpkd{on of ~ash policy. ro d~
liwr to wid MORTGAGEE • ~~newal th~~wf. toptthK wi~h • naipl fa tl+~ pr«aium ot wd+ ~Nwwa1J a~d the~~ sfNll b~ no i~~~ o~ vrindiram ie+~xu~c~
pl~ad on ~ey of iaid buildinps, u~y intw~st thK~in or p~rt tM~w~, uailes~ M tM fwm and wi~h fl+~ loss paysbte ~s ala~id~ u~d in tM ~wnt a~ sww
01 na~ry beeoen~s payaW~ w+der such policy a polici~s ~aid MORTGI?GEE shalt haw ~M optio~ w neaiw and apply tM w?w on ~ccoun~ o( tM 4xMbt~
MfS {K~Ml~I IIN~y p!O PMeni1 Nd MORTGAGORS 10 MOfiW N~ YM N Of afly par~ rAer~of fa ort,e. purpo~es, w;ihou~ Ihrreb~ wa~~i~.y w~pai.-
trp ae~r puity. !'ien a riqh! under or by virtw of tAb mwty~pr, .nd i~ ~h. ~v.nr ~a~d ~AORTGAGORS shall ta any ~.awn (atl ro keep ~h. said prani:e~ w
lnwnd, o~ fail b d~livu promptlY any of saW policin of imurana to said MORTGAC3EE, or f~il promptly to pay futly any p•~.nium tMrafor a in any
r~ipKf faii w pMioren, discMrq~. rxecvti. ~ff~ct. complei~ oomply wi~h and ~bW~ by this aownant, a any pu1 I+K~of. said MORTGAGEE n»y plau ~~d ~
WY ~ svch 6aw+no~ a~ny put tMreof wiMovt wairinp w ~ffictinp an~r option, li~n, p~ity. w riphf ueder a by virtw of this Ma~~. and ~M
full amow?t of sach ~nd ~v~ry svch paYm~nt sFall b~ inrntdiat~f~r dw ~nd p~yabi~ ~~N b~x inte.e~t irom tlw d~t~ thersof wa~il paid at th~ ~a~e ol
nin~ pN potum p~r arvwm and ~ope~he? with u?ch inte~est sh~U b~ secured by tM lie~ of this mpt~e.
1. To pKmit, oommit or wff~ no wub, Mnpairrtient or d~terioration of s~id prop~.ty or ~ny put ti~ereof. ~ ~
S. To pay all ~nd sinpulu ths cosn. clwrpss and txpuue~, indudinp ~ r~ason~bb ano.rny i ft~ and costs of ~bstratls of titk. incun~d o~ paid ~t
any time by said MORTGAGfE, baca~se a in th~ tvent of th~ f~ilure oe t1N pHt of Ihe saW MORTGAGOR to duly, promp~ly ud fuly perform, d~scha.pR
execvts. ~ffep. c~ompl~te, comply w~th and ablde by ~ach and every the stipulations, ap~eements, c~onditions, a~d covenants oi said promissory note a~+d thu
mwtpap~ +ey w ei~he~, a~d said costs, charpes and ~xpen~as, each snd ~vary. sF~+ll be immediatety due snd pay~ble; wAerher b~r not the~e be notic~ dr
mand, anampt ro collect or ~uit pend;ng; and the full amount of esch ~nd every wch paymcr?t sh~ll bea. imeroi~' from ~he dat~ ti~eof w?til paid at tM
rate of nine pe? pntum per annum; and all siid costs, chupes and expensea incwred_w paid, topether with such intaest, shill b~ secured by ths fien of thif
moarpa~~• -
6. Thaf (a) in th~ evenf of arty breach of thb N1ortQap~ or defsult on tM ps~t of ths MORTGAGOR, or (b) in the eve~t ~ny of said swm of money
herein raferrad to be not promp~ly and fully paid within thirty (30) days next after the same aeverdly become due and payabk, withovt demand pr notice,
or in ihe event each snd ~wry the stipulations, sgnem~nb, conditions end covenanb of iaid promissory note snd th~s mortgaye a~y w either ar~ rw1
iuly, promptly ae~d fully perform~d, d'~scl?aryed. eXecvnd. ~ffected, campleted, compli~d with snd abided by, ther? in eEther or any sixh ewnt th~ sa~d a~
gr;~ate wm menlioned in said promissory rqte then remaininp unpaid, with intaest ~cuued, tnd atl moe~eys secwed hereby. shall becoms dus and psy-
able fathwith, or thereafte.v, at the option of sa;d MORTGAGEE, as fully ard completely ~s lf all of the said swns of money wera uipinally uipu~ated
to be paid on such day, anything in said promiuory note or in thb to tMe contra notwithstandi
~aid MOaTCaAGEE, wtthout notice o? demand, wit at law a in ~ro~ ry ^9% and thereupon or tF+ereafte~ at tiro opt~on of
squity, thenfwe a t)~eafter beg~n, may be prosecvted as lf ~ll moneys sac~red hereby
had reNfwed pnw to its i~sfirutioe. -
7. That ~ ths event that at the beginning of or at u~y time pending sny suit opoo this Matgsge, or to foreclosa it, or to reform it, a to enforc~
payment of any cleims hereunder, s~id 14AORTGAGEE shalt appfy ro the Coiirt having 'ry~isdiction thereof for the a,ppantmeM of ~ Receiver, such Coun shall
Fwthwith ~ppoint a receiver of tsid mort9aged property all and sirg~lar, inclvd~ng all and singular the i~coms, profiti, iuues and reven~es from whatever
wwu derived, ead? ~nd every of which, it beirg expressly u~deratood, is hereby mortgaged ~s if spetifitalty set fwth and described in the granrinp and
habendum dauiss hereof, and svch Receiver shsU have ~11 the bosd and effective funct~ons and powc~s i~ anywite e.nrusted by a Court to a Receiver, snd
such appantment shall be made by such Cowt as an sdmitted equiry and a m+tter of absolute right to said MORiGAGEE, ~nd withouf reference to the
adequscy or ir?~dequacy of the vstue of the property mwtyaged w ro the soivency or insoiventy of said MQRTGAGOR or 1he defendants, and that such
rents, profits, incpne, isa~es and revenves shalt be applied by s~d~ Receiver accwdinp to the ~iert or eqviry of s~id MORTCaAGEE and the pracfice of such ~
CouA. ~ ~
8. To duiy. promptly and fully perform, discharye, execute, eHect, wmpfete, cnmply with a~d abide by each and every tha stipulationa, agreements, ;
conditior?s and covenants in sad promissary note and this mortgsge set fath. . .
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9. That in rhe event the ownrrship of the mortg~yed prem~ses, or any psrt rhereof, becomes vested i~ a perton other thao the MORTGAGOR, th~
MORTGAGEE, its successo~s a.^~d suigns, may, without notice to the MORTGAOR, de~t with such suctestor or wccesso? in interest with reference to this
moreqage and the debt hercby secured in the ssme manner as virith Mortgagw without in ~ny way vitiatinp or diuharging the Moitgsgots' lisbility he~e- '
under or upon tl~e debt he.eby secured_ No isle of the premises horeby mortgaged ar,d no fwbearance on the pan of the MORTGAGEE o? iri successors t
o. assigns snd no extensJon. o( the time for rhe payment of the debt he.eby secu.ed piven by the N10RTGAGEf w its successors or aui9% shall operats ;
ro rekase, dixharpe, modify ch~rg~ w. affed the origin~l liability of the Ah~RTGAGOR haein, eithcr in whole or in psrt. 6
10. It is specificslly agreed rhat time is of the essence of this conrract and that no wa;ver of any oblgation herevnder or of tFw. pbliq;tion se- '
cured hereby shal( at any time thereafter be held to be a waiver of ~he terms hereof a- of the intr~waeM secu?ed hesby. -,'-r r°: +
11. tn add;tion fo the forego:ng monlhty paYmrnts of p.;nc'pal end interst required by the promissory note secured hereby, I±` :
and agrees to pay to monga9ee with each monthly payment an addi~ionsl sum estimated by matgagee to be equal to 1/12 of the an~ otf of t
;,,9: . , y~ _ ~
S ~~=N~II~ ¢ i~:-~ ~
A-All real property ~aaes kvied w assessed against the above deuribed real estate. -
' 8-prem~ums on fire and windstorm insurance as herein requ~ted to be carried on the improvements sit~ate o~ the sbove ' ~ p~p~s.
C-Premiums on such mortgage gvaranty ins~rance as mortgagee shall from time to time deem fit to csrry on the loan ;1~c~ '•L ~
Mortgagee shall from time to time notify mwtgagor in writirg of 1FK. amwrnt due and
payable on the due dafe of thr next moath! paYabk FKreunder and such wrn s~ ther,
y paymerif and each successive month thereafte~ ur,~it mwtgsgee shall notify ~w~tg~r of~f-thdr~i~4?~
amount. Such sums shall be applied by mo?tgagee toward the p~yment of rtal property taxes, i~sursnte ~rem:ums, u~d ~1~~ ~}~t~:;~ite
Pr°'^~wm' . ~ Y~s~.; ~ = ~-,r"• - .
IN WITNE55 WHERfOF, the said MORTGAGOR his da and u~rst afor ~v
~efl~a~~Q ,~~1 .
si~ned~, seaka . dervered ~n N+. P.aenoe ot= T. Lt1 C I E ~ 0 U!: T~~~~ ?~R ~
• " V= RI ~
, ~ ~.~~48J e so , en n
27 p~1 2' 8 ~•o
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~ ZO~c.~. ~OITP.MS .
STATE OF FLORiDA CL~~~tt~TC~~T"
I HEREBY CERTIFY, That on th+s, ~ day of July , A.D. 19 7O ,
before me personally appeared -JosQnl: Peoni and Blanche Peoni . g
respectively as President and ~ Secretary , of
L"
Merrv~ather InvesL~erit Co.j Inc. a Rlotida ~ i
' Ca~por~f~iott.-fo~ mei
.
known to be the persons deuribed in and who executed the foregoing instrument, and severatly~~ ~~tF~e ex~.
; .
~.uk~,~ ;
cution thereof to be their free act and deed as such officers for the uses and pursoses therein rr~rilSo
.~'~~'~~~~Y
"•A ;
affixed thereto the official seal of said torporation, and the said instrument is the act and ~ee¢ ~ 't~#tf
. • t~ ;
WITNESS my hand and official seal at Fort Pierce , said county and sta~ a~sl~7 ;,L =
. ; ~
?his instrunent psepared by ~ • u'~. ~
~ ~r :t. :~0 ~d~,.~~-'
Ricbard K. Ks?yes
First RedQZal Ssvinys and Loan Notary Public, in and for State and Cou e'~~
Associstion of Rozt Pierce, Rlorida My Commission Exp~~
. MY COMMISSION EXP~RE$ SEpT. ~~3. 19:3
BONOED iNRU fRED ~ p1ES?ElliORs
Checked By ' . .
. B0~( ~ ~ ~ ~
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