HomeMy WebLinkAbout0586 3. To pla:e and contin~ous~y 4eep on the bui'd~ngs now or hercafte~ ~ituate on said land a~d on alt cqu~pmenr and pertona!!y covered by this mortg•
ege, w~th all prom~~mf ~ha~eo~ pa~d ;n fvll, fne insurance ~n the usual sta~x~ard policy form, in a wm aHproved by ~he h1UR~~AGEE, and w~ndtro~m
~nsurante in the usual standard pol,cy fo~m, i~ a aum approved by ihe MORTGAGfE, in such tompany o~ companfes aa the MORTGAGFE may
direct; ~nd all firo a~d w~ndsiurm inwrance Folic:es on any o! said bulld~nga, any in~ereat theroin or pert thereof, in the aggregare sum sforesaid or
in excess Ihereof, shall ;ont. ~n the usual s~andard mortgagee dau~e a such other clause as the Matgagee may requ~re, ma?~ng Me loss u~der sa~d poli-
c~ee, each and every, payab'e to sa~d MORTGAGEE as ~ts interest may ~ppear, and esch and every s~ch po~~cy shall be p~ompUy ass gnrd and delivered to ;
any held by seid MORJGAGEE as fur~her secu~ity ~o sa~d ~norlgage debt, and, not less tha~ ten (10) days in advance of the expirot~on of each policy, to dr
Gver lo said MOkiGAGEE a renewal thereof, to9e+her wiih a rece~pt for the prem~um oi svch ~enewat; and there ahail be ~w Gre wincistorm insurance
pfeced on sn~ 01 sa~d b~~~d~~gs, any ineerest there~n a pa.t fhr~eof, unlcss ~n ~he for~
; a~rd wiih the b:s payable as ato~eaaid: and ~n the eveN any ium ~
of mpr~ey becomes payable under wch polity w policies said MrJRTGAGEE shall have the option to roce~ve and apply the san,e on account o1 ihe indebted-
r.ess secured he~eby or to permir sa~d IJIORiGAGORS lo receive and use it or any part fhereof for o:i~<~r ~,urp cse•s. ..~~i~o.,t ~hr~ or .v1i~l o~ ~n+po~~-
ing any equ~ty, lien or r~qht under or by virtue of this mortgaqe; •nd in the event sa~d MORTGAGORS sha~l fo~ any reason fail to k-rep ~he sa~d premises so
~nsured, or fail to dei:ver pranptly a~y of said poi~e~es of inaurance ro sa~d MORTGAGEE, or faJ promptly to pay f~tfy any pre~nwm therefo~ or in any
respeu (ail to perform, discharge, execure, eliecl, complete, comply wirh and abide by th~f cove~ant, or any parr hareoi, sa~d MORTGAGEE may piace antl
pay for such insurence o? sny part thereof withou~ waiving w affeding any option, lien, equ~ty, or right unde~ or by virtur ot this Mor~gage, and the
full amaunt of each and e~ery such paymem shall be immedietely due and payabte and :half bear inter~st from the da~e thereaf uniil p.,id at the rat~ of
~~~ne per centum pe~ a+viuni nnd to~rihar w:th such interest sha~~ be secured by Ihe liln of lhis mortgage.
d. Ta permit, commit or suffer no waate, impairment or deterio~at~on of sa~d property or any part thereof.
5. To pay all and singular the costs, charges and expe~nes, ~nclud~ng a reasonable attorney's fee and ces~s of abatrrcn of t~t!e, incuned or pa~d at
jny tin,e by sa~d MORTGAGE, because w~n the event of the fmlure on ene part of ~he sa~d MORTGAGOR to duly, pro~~~Ntiy a~d fu~ly perform, d~scha~ge -
_xecute, effeU, co~np:ete, canply w~th and ab.de by each and every the st~pulaf~ons, agreemanti, ~ondH~o~~s, and covenan~s of sa~d p~anissory ~ote e.~d ~h~~ -
~•orrgage any or enhe~, and se:d coats, charges and eapenses, each and every, shail be immrd~ately due and payab:e; wt~ether or not rherr be nonce da
r.~and, atterr~pt to co:iect or sui? pend-ng; and the tull amount of each and e~ery wch payment shall bear int~•rest from ~he date thereof u~til pa~d at Iht
•<<~ ~~~ne uer c~~n:~ F_•r .:~,~,~:n; ~nd ai~ sa~d cosrs, cna~~rs ar,d l X~:BnSf3 ~ncur.rd or paid, toge~her w~th such ~~,rr~est, aha11 be sac~rrd by the Gen of th~ti
morlgage.
6. That (a? in the even~ of any brrach of this Mortgage or def3u!t on the part of the MORTGAGOR, or ;b) in the event any o} sa:d s~ms of money
h~~ein referred to be nor Fr~~•,~,ely and fuily paid withm th.rty (30l da~i nexr a±ter fhe same severa:ty beco,•.e d~e and payabte, without demand or notice,
: r~~) in the event each and ev~~~y the stiµ~:ations, ayreements, cond~ho~is and covenanrs of sa d prom;sso~y note and tb,s mortgage yy or e~ther are not
iu:y, pro~nptly and fuHy partor~~~ed, d.scharged, erecuted. effeaed, compfeted, compi:ed wnh and ab~ded 5y, then in e,rher w any s~ evero the sa~d ag
? egate wm mentioned in sa,d ~ ro~ii~ssory note then remaining ~npaid, wrth mrere,t atcrued, and a~i moneys secured !~e?:y, shatl come due~d pay-
ao:e forthw+th, or the~ea:re~, at tbe op!~on of said h10R1GAGEE, as fuity and comp:etely as il a~l of tl~e sa~d w~ns o~"'muney w ong~nally Mto'~ated
~+c be or~d on such dny, anything ~n sa:d prom~ssory note or in this Mortgage ~o the contrary notw~fhstand~ny; and ther..~a~ or th~~ter a~ Nb~ of
i: d MORTGAGEE, without not~ce or demand, suit at faw or in equrty, therefore or !?rereafte~ bEgun, may be proaecut ~~f all R~ s se~ ~reby
~.:d mat~red pnor to ~ts ~nst~tc;t~on. ~ ~ hA0
7. That in the event that ar ~he beginn;ng of or at any time pend~ng any su~t upon th~s Mo~tyage, cr to iorecl ~or to ~r orce L~
t'3ym8nf of any cfa~ms hzreunder, sa~d MORTGAGEE shafl apply to the Court having ~wnd:ct:on thereof for the appo,n nrof d Re~eTv ur~sj shail r~^I~
ir_~rhw,th apprnm a recei~rr of said ;nortc~eged prooerty alt and singular, incl~d~ng ail and su~gu~ar the ir.~ome, prohts,~~ ana r n tevtr W
s~u•ce der~.ed. each and every of ,,,F,.ch, ,t Ge,ny expressly unders~ood, n hereby mor~gaged as ~f sper~icaily sei }ort descn ~ he ~ end ~
hahendvm c'auses !:ereof, and such Rece+ver shaii have afl the broad and effective funct,or.s a~d powers in anyw~se entPO~tld by a ~t a , and 1~
s.ch appOin;ment s~~+:i be made by such Court as an ad,n~~trd equity and a maner of a5iolufe nght to sa.d MORTGAdj and without ef the
adequacy or inade,~~acy of the va:~e of ihe property mortgaged or to the so~vency or ~nso!vency of sa,d MORiGAG0~1he deflRtla. such W
~e~rs, profits, incon,c, issues and revenues shall be appt~e~ py svch Receiver accord~ng to the lie~ or equity of sa~d N~2 AGEE anr t s~ch O
CouA, w r ~
8. To dufy, p.ar,ptly a~d (ully p~rform, discharge, execute, effect, complete, comply with and ab;de by each tn~very the l~fl~~ io s, a~e~enta,
zcnditions and covenants .n said pramiuory note and this mortgage set fotth.
9. That in the event the ownershlp of the mortgaged prem~ses, or any part thereof, becomes vest~d in a person other than the MORTGAGpR, the
~'ORTGAGEE, in succeswn and ass~gns, may, w~~hout no~~ce to the M10RTGAOR, deal w~th such successw or successw in ~nterest w~rh refrrence to this
--o~~gaye and rhe dcbf hrreby secured in the same manner as wi~h hlo~tgago~ witho~t 'y~,any .way vit~ating or d~scharging the Mortgayo~s' tiability he~e.
~ der or upon the deLe hr•eby secured. No sale of the prenuaes hereby mortgaged and no forbearance on the parl oi the /AORTGAGEE or its successors
cr ass~gns and ~o extens~on of the t~me Fw rhr payment of the debt hercby secwed g~ven by the' MORTGAGEf or its successws or ass~gns, s~~all opaate
ro ~etease, d.scharge, mod~fy change or affect the orig,nal l;ao:;:ty of the MORTGAGOR here~n, either m whole or in part.
10. It is specl!ica(i{ agreed tha: time ~s of the easen~e of this cont~act and ~hat no waiver of any ob•tgat~on hereunder or of the obliflation se-
cur~~d hereb~ sha:~ at any time tFkreafter ~ he:d to be a waiver of the termt hereo! w o( the instrvment secwed l~erby_
1 i. In ,,Jd ro the Eoregc ~*g month!y paymems of p~inc paI and interest requ~red by the prom sscry no'e sccurrd her~b~, mo~tgagor covenants 'r
~••d ag~ces To ,ai to n•.~rtgagee x~th each month'y pay~,:rnt an add~iional svm estmaeed by mortgagee to be equak ro 1 12 ot t;~e a~:wa! cosr of the follow- ~
,y: ~
A--A(( .ea' ;.ropr.ty tax_s lev~ed or assesscd agal ~st th~ ahove described « al es+ate. }
f
B- C,~n s an f~.c 3nd .:;^dstorm ms~~~arce as herem rcqo;red to be carn-d on the ;mrroveme~ts s~tuate on the abovc d_sa~bed premises.
C-Pre,n~~~~..s oi :,~:h morrg.qe gua~anty icsurar~ce as mo~tgagee ahall froT t~me ro time deem fit to carry en the loan secured hereby.
Mortg;g_e s' `•c:n to i~me r.oT~f~ mortyagor In wr~t~ng of the an.ou~t due and payabSe here~ndrr and such su~n shail thereupon be d~e and
able on rhe ctue dat~ of rh~ n~~.t month: ~ payment a~~d esch successive month rhereaher unhl mortgagee shall not,fy mo-tg,~gor of a change in such
••.ouM. Su:h s~~ns s~a L•e app:~ed by mortgagee •oward the payrt,ent of real prope+ty taxes, insurance prem.ums, and mort~age guaranty insurance
.emiums.
!N 1Yl~NEJS V:HfR_JF +ne sa~d MORiGAGOR has hereunto set his hand and seai the day arx~ year firsl aforesaid.
S~gned, Sealed an fivered in the preunce of: •
Witnesses to Avriett ~Q-~~ ~~i~
' ~ Grace
W ~ cs~aq
)Witnesses to k'.E.Grace ~ ' • _~s~ar~
. ~ b Nargazet k. Grace ~..s~- ~a~~
~ ar e . race
E~?±!'il~Lt pApvlK(.~'R ls~/(L
{ 7~1~'i LW {L-$A.~i ~ 55.
` COiQ ' -
Before me perwnally appear x~
Avriett Gsace, a sinale adult
XiIC]fi7~1( to me well known and known to me to be
!he i~div~dua~f desu~bed in and who exec~~ed the foregoing instrument, and acknow{edged befwe me that ~e~ executed the same fa the purpoxs
~herein expressed.
+ai~OilC1bC]~lOC - 't
e
~p~~,, , ` ~'4 = ~ :'S.' - N>
WITNESS my hand and o(fioaf sea! this_. szs~+~. day of . a p 19 7Q
i~ _ a` . ~ .
S~ATE OF FIORlDA ~ " ~ ' ~ ~L
' -~~-I Q r'~t ~ . .
.w
~ouNTr oF _ ST. LUCIE ~ ss' ~;i.: L*~.~.
_ , ~ c, . ~rw
; ~at c~ f~. v,~o ww
Be/o~e me personally appearcd _ _ _ W. E• ~il'~ v,/ ~ M~~~" . ~ . ~ • ~ ~ ~
t, •nd ~
~Q~'~~~ ~ ^Fi1~a4it~ t~~ yiet! known and known to me to be ~
"•e ~nd~v~duals desu~bed i~ and who txecured the ;we~pyn0 inytr~~p~~ry„~ ~~p,M~ ~ ~y ~xecuted the same fw the purpous
. t
r~e~e~:~ eapressed. And tI'~e said._-------- ---r ~~_l; w~~~~ -
or ,fi~ .a~d - W. E. GzaFA, -
r - _ upon a sep~rat~ ~nd piiv~t~ `
r.a~+ nat:oe by me taken separate end epart from h~r sa;d s n~ ~ y~~p: ~r~ y~fore m~ that she exec~ted ssid insrr~ment freely and volurt-
'a•~ty arid wrthovt any compulsion, co~stra~m, approherq,pn =~t~ •~`~~rW~ sba ~
wITNEU my hand and offidal seal th~s_ ~N ~ p 19 7O ~
• . i,~r-:~'LJC`,'
j~.'~'~ iv ' ~ ~
: Z ~ J i „)~,.~,.;,r/~,.~ - _ '
~ • ~ - Notarq PubIK in and fw ihe Sute oI Fbrida ~t luy~
/ ~ My Comm~ui ex~irp:
. l . , •
a~~„~~ To: 1 • ~fpT~... t UC, STAiF
firtt feder~l Sevirys a loan Af~ociat~on "•e, R' ~~-'~'~~~..t~ ~ P) ~ SER~~ A~ ~
n, s~ ~ OOK PACE ~ V V ~,"..,`r RED i1G p~ES
rEUipR~~' 1
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