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HomeMy WebLinkAbout1756 . ~ ~ To P~~c~ ~~d con~tnuov~ly kfp on rM !w~'d.nq~ ++ow w MrNhp ~.~u~h on ~~.d 4~d and on at; cq,,~p,*Km u+d pe.w.~a~~y co~•red by ~h~~ ~wo~~9- ap~. w~~A ~11 p.~m~vms tA~rew~ µa~d ~n full, I~re ~nw~~.~c~ .n ~M u~wl ~+ud~.d potK~ lam, ~n • s~m ~~p+o.ed by the N47R~GaGfE, ,~td w~ndNwm +n~ww?c~ in th+ v~wt •~•~+d.~d poi~cy lanti in • wm app~ov~d by ~M MORTGAGEE. in wcA ca.+pany o~ comp+n~n af ~M MORiGAGEE ~Y duKll ~~11 lir~ ~nd w~nd~~am in~w~+t~ po1K~N on ~ny o! ~a~d build~~q~. ~ny in~~.~i~ t1~~N~ o~ pa.~ ther~ol. in ~M sqp~.•p~~e w~n Nwe~~d o~ in ~acru ~h~r~ol. ~haii conu.n d» uaval u~ndud ma~9pN dwq a~uch alw~ dww ~M Ma1ypN may rsqua~. ~rul~:q tno ic~~ u.Wer •.~d pWF c~. eacA and ~v~.y. p~rab~ a u~d MOltTGAGEE a,q ,n~~~s~~ m~Y ~ppw, and each and ~va.~ ~uch po~~c,r sh~ll b~ promp~i~ •?s p.wd •~~d dei~vc~cd ~o ~ny hNJ by faid MORiGAGEE ~f turMN ~~cv~i~y ~o w~d ma~9~y~ deb~, ~nd, no1 I~u tMn I~n UO! days in adwnc~ ol th~ eap~rahon ol each pol;cy. to d~- IivK tp uid MORiGAGEE • ~Mewal Ihtrwf. foqt~hN with • rK~ipt fw tM pr~m~um o) ~vth rer+ew~1; ~nd /Mre ~ha{I bs ~o L~e or wuidslo•~n insur~~c~ p~at~d On u+y ol said bvildmp~. My ioter~sl thtr~in q p~~t th~~~o1, ~nless in tl~e iam ~nd with th~ loss pa~able ~s afa~uid: and in th~ ewnl •ny wm - uf moewY becp~+e~ payabi~ vnd~r wch polity w polK~ ~id MORTGJIGEE siwll haw ~M opt~a+ to recewe and ap~,!y Ihe same on iaou:,e o! tM indabred~ nea securd F~eby o? to pe~m~t ~~id lAORTGAGORS Io rct~iv~ ~nd ut~ it a•ny part thereof to. o:i,•~~ o?rs. :.~in,,,,f ~h u,• wa~~~ y or ~~„p,,.- inp any eqv~ty, Gee or r~yht undn a by virtw of this moreyapr, and ie? ~M ~vcnt ~a~d MORTGAGORS ~hall {a any reason i~il to krep ~he sa~d p?~m~u~ w insur~d, w f~il b delivK promptty ~ny of said policies of in~utanc~ fp sa~d MQRTGAGfE, a fail prompUy to pay Iuily any pre~»wm thcrefo~ a in any ~ res~»ct fail to pe~fam, d~uMrge, eaecu~e, ~fiec~, complets, comply wirh ~~d ~bid~ by th~s toveMn~, a any per~ ha~col, s,~d MORtGAGEE may piacr •~tl pay for such insuranc~ or ~ny pa.t tF+sreof wi~AoW w~ivi~p a ~ffec~iny ~ny op~ion, li~n, pu~ty, w ~~ght unde. or by vE.rw of ~h;• Mo.~gaga, and ~hs fuN amw~f of e~cA and evsry such paymsro ihall be imrnediately dw and pyabl~ ~nd sha11 bc+r imeres~ from tM dab ~hereoi unril pa~d ~t rhe ~a~~ of n~~+e per cen~um pe? annum and Iogether wi~h auch imerest shall be secured by +ht IiM ~f th~s matpage. To p~rmit, commit w suifK no waste, impairment a dataar~t~a+ of sa~d property o~ any part thcreof. S. To pay all ~nd sirgula~ 1M costs, charqe~ and expe~ses, includircy a ~e+sonabt attorney i Fee and cosrs of abs~racfs of titls, incurred or paid st any ~ime by said MORTGAGfE, because or in the event of tF?e failure o~ the pa~t of said MORiGAGOR ~o duly, piomp~ly and fv~ly peifoim, d~xharge. execut~, etfecr, complete, canply w~th and ab.de b~T rach ~nd every the stipulah ments, cond~tiau, and tovena~its o~ sa~d promisso~y nore and rh~~ morryaye any or eithe~. ~nd sa~d costt. charges and expe~ses. eacA ~nd every ~ immed~atrly due and payabte: whethe~ w no~ there be notice dr mand, attempt to coliKt pr suit pending; ~nd the full amouM of Nch ~ paymem shall bea. ir~~eres~ from ~he date thereof until paid at th~ rate o4 n;ne per centum per annum; ard all said costs, charges and ex or paid, toge~hea w~~h sexh inferest, shaU be secured by the lien of th;s malpiys. a ~ ~ 6. That (a) in the eve~t of any breach of this Nlorty d~~lhe?part of the MORTGAGOR. w(b) in the event any of sa;d suma ot money herein refared to be not ~uomptly and fully paid withi ~1~~t he same severat become due and payabte. wi?houf demand or notice. or (cj fe the eveo! eac!? and svsry the ftipu{ationt, , w~ ri of sa~d issory note and th~s morlpage any w e~ther are nd iuly, p,romptly and fully psrformed. d~acAsrged, execu A c~lTe om~l' with e ab~ded Sy, the~ in e~ther or any such event the iaid ag gregate wm mentaned in said {xomissory note t ~d, interesl ~c all rtaneys xcured hereby. shall become due and pay- able fwthwi~h, or thereafter, at the option of u I comp~ ~II of the sa~d sums of money were orig~nelly sttpul~ted ro be paid on such day, anything in sasd to t ~oewithstanding; and fhc?eupon w ~herea(rer st the opiion of sa;d MORTGAGEE, wirhout notice or dema w ~ ipt, ~f eafter begun, may be proxcuted as if aIl moneys secured hereby had m~turcd p~~yt to its inslitwion. E'Ql 7. That in the event that at the begin~in~f ~ me • ~ny w;t upon this Ntortgage, a ro fwectose it, or to reform it, or ta enforrs payrneat of any claims he.eunder, said MORTGA 1 to t ourl having jurisd:ctio~ fhereof for the appo6Mment of • Recei~er, suth Couh shaH forthwith appoiM a receiver of said mwtgaged pCo~e and ii ~r, intlud,rp aIl arid singular the inconu, prof~ts, iuues and revenues from whateret wurce derived, each and every of wh~ch, it beinp e~res~ly u stood, ia hereby mort4aged as i4 spec~frcatly set forth and descri4ed in the granting and habend~m clauses hereof, ~nd s~th Receiver_sMll have~i oad snd effective fvnct~an and powers in anyw~se entrusted by a Court to a Receiver, and ' ! •uth sppointment shall be made by wth Cou~t u•an ed equity and a mNter of absofute ~~ght to said= MORTGAGEE, and wirlwut referenu lo the edequacy or ;nadequacy of the valve of the property mortgaged or to the so:vency w~nsalvency of said MORiGAGOR w the defendants, and ~hat such rents, protin, income, iuues and revenues shall be applied by such Receiver sccording Io the lien w equity of said MORTGAGEE ~nd the p~actice oi such CouA. • • . 8. To dufy, promptty and fully perform, d'+stharge, execvte effecf, comQlcte, comply v~ith and abide by each and every tM stipulatiw?s, agreeme~ts, conditiom and covenants in said promissory note and this mortgage set fa~h. 9. That in the eveM thQ owncrship of the morlgs~ed premises, a any part thereof, becomcs vested in a person other than the MORiGAGOR, the MORTGAGEE, its successors and auigns; may, wethwrt notite to the MORTGAOR, deal with :uch succeswr w successor in interest with ~eference to this mortga9e end tl?e debt hereby secured i~ tha iame manner as with 1Nwtgagw without in any way vitialiny or disci+arging the Mortgagors' Iiability hcrr under o~ upon the debt hereby sewred_ No ute of the premises hereby mortgaged and no lorbearance o~ the part ol tl~e MORTGAGEE w its successors ~ or assgns and no extension of the time for tlie p~yment of the deb~ hereby aecured given by fhe MORTGAGEf or its successors w ass~gns, shsll operate ro release, d~xharge, modify change a affetl the aginsl (iability of the IWORTGAGOR herein, either in whote or in psrr. - ~ 10. It is spec~fically agreed that time is of the essence of thia contr~ct and that no waive~ of any obfgarion herepr~der w of the oblipation sr cund hereby shall at any time thereafta~ bs held to be a waiver of the terms hereof w of the instrument secured herby. , 11. In add~t~ to the forego:ng mon~hly paymenta of princ pal and interest requved,by the prom~swry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monrhly payrnent an add~~iona! sum est~mated by mwtgagee ta 6e equai to 1~~12 01 the ann~al cosf of the foNovr- ing: - . A-All real property taxes kvied or atsessed agai~st flx above described teat es?ate. . B-Premiums on fire and windstorm i~swance as herein requ~red to be carried on the improvemenn situate on the above desvibet! premises. - C-Premiums on such mortgage gusronty insurance as mort~agee sFwll from t;me to t+me deem fit to prry on tF~r loan secvred h¢te~, Mortgagee shail from time ro Nme rrotify mwtgagor i~ w~iting of 1he amount dur and. payable I~ereunder and svch sum shall ~!}~er~~ow I~e ue and ~ayabk on the d•.re ciate of the ~e:t monthly payment and each successive momh thereafter wtil mortgag~~ shal{ noti aqr^t ~ amount. SucR sums shall be applied by mwtgagee toward the payrnent of reat property ta:es, iruvraixe prem:wns, and ~ t~~ premiums. , u ;ttto[~~;~ -jnswan[e ~~'t_ ~~??~ikll~~., : IN WITNESS WHEREOF, thz said MORTGAGOR has hereunto set his hand an~ seal the daYj nd y~r f,rst ~{o?esa . '•i ' ~yn~d, s~.ka d~ • M rh. p~e~e of: F91r~! NsLlon~i Banie o~.~ ~ ws ~ t.,..~f ~.~X~Q Ay C R{EiNTY P~A. l~ l O O~ r 3 ' ~ ~ ~ . p~:TaaS by ; ~ ' zr c: _~u;' OU Its Vi ce ` , IFIEO r ~ ' s~+n . . t Attest: It~ " $Oi~ STATE OP FIORIDA ~ p ~ • .MM 19 3 i~ . cour~tir_~_ st. LuciQ ~ ~ . . - ~ 2c 350 ~ , STATE OF FLORIDA COUNTY OF ST. lUC1E 1 HEREBY CERTIFY, That on this 15th day of~~La~uua~cv , A.D. 19 71 , 4efore me r nally a ared G~r and _ Sarl W. eu~ln~ vicQ Pra~~ent a~Trust ~tf er ~ respective)y 1mo0tlimt and Y~e Preside~t ~,q~ C~AhiQr ' of Y R i r s t Nat ioaal B ank of Fort P i~rca , a 1?,~ri Corparatio~, t~p me f F ~ known to be the persons described in and who executed the foregoing instrument, and seversl) i'~~` ,the exe- ~ Y - '~1 . ~ - ~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein . tr~entipded~=and.. ih.a~; t1~i~y affixed thereto the official seal of said corporation, and the said instrument is the act and d~,o~;~di~l,.~cq~pQ~jst~on, WIjNE m hand and official seal at Fort Pierce~t•Lueie~ Floria , Said county and tate:~_ - This ~ns~ruaent prepared by Thoaas A! Orisc . First Rederal Sairings and Loan Associstion ~ of Fort pierce ~ No ry ublic, in and for State and County aforesaid. ~~C m3asion Expires: ~iy~ ~~dU~ ~TATE ~i FLOU/A AT W~E ~ ~Y COMMISSION EXPIRES NOY. i~ 1'7Z _ , NDED ?MllpypM ?R[O N, pl[~TtLyO~n? f ' # ~~ae'-.-"~~~~,. ~°~!z-Y~"~r.~~.4. ~ a..:l ~c^~ i... . - ~ ~ s .S~ ~x -r.._ ~as($,