HomeMy WebLinkAbout1801 ~ ~ • • ~ . . ~
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?o pba ~d coeNnuou~ly kMp o~ th~ bw~d:rq~ nvw w ~wNINr W?wN on u~d land Md on ~U pv~pmot w+d penon~ll~ cova~d b~r ~hi~ mpp~
pa witA ~U pr~wm~ tMrea~ pawi in ful1, fin insww+cs in ~M ww1 ~undwd potky lam. 1n •?ww ~,prowd by ~M 1YlOit~GAGE[. ~~+d w~~~am
irarr~n in ~M uwal ~iw+d~.d pol.cy faa~, in a~wn ~ppov~d by ~M MORiGAGEE, in wch canpany w canpam~s ~h~ JNOR/GAGIE nNy
di~t a~d ~M lir~ ad wind~Wrm im~w~nw po~kiN oe ~e+y d Nid bwW~np~, ~ny in».„t tl+~i~in a pwt ~M.w1, M f?r py~oy~~~ wm siatf~id a
M+ ~aass ~M.~oi. ~hall conuin tl» ~wal st~ndwd matpapN clww a~ wcl~ aiwr clww u th~ Mar9pM m~y ~p~a~. n++?inp ~M ~oa und~. s•~d pdi~
ciN. ~acA wd werY. ar•W. a•.d eAORtGAGEE M iM M~~N en~y ~nd ~+ch ~nd ~vKy •vch poiKy •h.t1 b. p~w~pny ~ned ax! d~~~w.ed ~o
.n~ h•W by s.id MOR1Gl?GEf tw~lwr Ncwiry ~o wid ~natpp~ d~bt. ~d, nw bss th«+ ~en 1101 d~rs in ~dv~nc~ o! ~h~ •xp~r~tan ol fKA ~KY. +o dr
livN ro aid MCIRTGAGEE • r~Mwal thNw1, topNhM with • nt~ipt 1w tM phmiwn o1 wch r~n~wa1; ~nd ~he~~ ~hall b~ no hr~ w w~~xf?~o~m inwr~nc~
pl~nd on ~nr of s~it) b~ild~nps, sMr intKpt 1Mr~in a pwt tl+Kwf. w+l~sf in tM fam ~nd wish ~h~ toss payabb a~ •f«~s~id: and in ~M ~wn1 ~ny ~wn
of ~y b~con~ pa~~bM wrd~r wch paky o~ polici~s Nid MORTG~AGEE ~h.ll Iww ~h~ optw~ ro fKH~lf a~d ~pply 1M s~m~ on ~ccoum ol tM ir~bted
ness s~cw~d Iwnby a b pK~*u~ sad NIORTGAGORS to ?~oNw ~nd u~ h or ~ny pat Ih@rpI Iw otner pur4,o+e~. w~~hou~ ih_..o~ w~~~~~:g or .,.,po~+•
irq ~ny puity, li~n o~ rpM ue~d~ a by virtw o1 ~Ais mortpap~j «+d In fM ~wn~ ~a~d MORTGAGORS ~h+ll fw sny ~~ason fail ~o keep eF~ a~~d prsmtses ~o
insu~cd, o? fdl q delivu po~nptlY ~t?y of Mid pOliCiN ol i~qw~nt~ 1o said JNORTWIGEE. or I~il promp~i~ b pay (vily any p~r~~uum ~he~efw a in an~
~~~p~d fail b pwfwn?, d~xh~r9e, ~:~cvr~. ~Ifrcl, complNS. comply wi~h ~nd abid~ by this cow~+nt, a any pu~ h~rwf. s~wi MORIGAGEE may pl~ ~..d
paY ia iuch liaw~ncs a~ny p~n Nwreof witla~t wdvirq a~ffecrinp ~ny optio~, It~n. puity. or r~ph~ uod~. « by vir~w of ~his Monyaqe. ~.~d ~M
full amoum of ~ach ~nd ~vNY weA paymM~ ~hall b~ imm~di~t~ly dw ~eid p~y~bb and sMll b~a~ inte~ss~ from tM d~t~ ~haeoi u~~il paid at ~he rat~ ot
n~ne p~. ceo+wn pN ~nnwn and to~e~ha wi~h such int~est ~MII b~ secured by tM IiM of tl~is ma~rt9ay~.
To permi~, com~dt w wffK no wa~t~. knp~i~ment a dste.ior~tio~ oi ~aid prop~.ty w~nY part thereof.
5. To pay atl s~d sinpula~ ~h~ cwts, cha~ps~ and ~xpNwa, includinp a r~asonable attorney's fee and costs of ~bsfracts ot title, incurred or ps~d at
any t~a ~y said MORiGAGEE, b~cws~ or in tM ~v~nt of ~M failure on ti» put of th~ iaid MORTGAGOR ~o duly, pra:~prly +r,d futly per(orm, d~uhu9~.
exec~te. elfed. tanpl~~~. comply w~th ~nd ~b~d~ by ~ach ~nd every the ~tipul~t~ons, pre~men». conditions and cownann of said promisswy noie ~~+d fhi~
mortyp~ ~ny a eithtr. and said costs, chuy~s and expN?a~, ~ach and ~wry. sh+ll b~ immediately dw and payable: wherher w not there t» nonce de
mand. anempt to colhtl a wit pendinpt and 1M fvll amount of each aod ~very suth paym~m shall bear interesl from the date 1t+ereof untii paid ~t the
rate oi nine ~ ccntum per ~nnum; and ~11 s~id costs, tharpK ~nd expe~ses inturr~d p paid, topether w~th such iroerest, thall b~ secured by thf I~en of thq
rtwrlpa~f.
b, That In the ~vee~t o( ~ny brtich of this Mort9ap~ a de(ault on ths pa?t ot the MORTGAGOR. or (b) in the event ~ny of sa~d sums o~ mon~y
herein refe~red to be not piomptly and fully paid within thirty (30) days next aftN Ihe sem~ urera!ty become dve a~d payabl~, withw~ demand a notite,
or in tM evMt eacA and svay the stip~l~tions, ~gr~ments, condi~Eons ~~d covan~nn of s~~d promissory no~e snd th~s mort9aye any o. eithe~ a~e nw
ivly. p~omptly ux! fully pKfozR.ed. dwdwrped, executad, eifscted, completed, compleed wi~h and ~bided by, then in e~tlxr w•ny avch ev~m tlk sa~d ap~.
g.egatt wm mtman~d in aid pomiuo?y note then remeininp unpaid. with iMerqf ~cuued, and all moneys seturcd hereby. shall become dw and pay-
eble fwthwitFy M fMfNI1N. at th~ optart of said MORTGAGEE, u f~lly ~~d compktely as i( +11 of the said sums of money were w~inally st~pulated
ro be pa~d ot? suth day. anythirg in said p~omiuory ~ote w in this Mwtyaye to 1hs co~usry notwithsr~nding; and thereupon a thercaiter at the option of
seid MORTGAGEE, withoul notic~ a demand, wit at law or in puiry, therefwe w Mreraafie? be9un, may be prosecwed aa if all mo~eys secured hereby
Aad m~tured pnp to its inttit~tion.
7. Tha~ ie the e'vent that at the beginnirg of w at ~ny tim~ pending any suit upon 1F~is Matysge, w fo foreclose it, a fo refam it, or to enfwu
payment of any clsims hercunder, s+id MORTGAGEE shatl apply to IFu Court havirg jwisdiction tAereof for the appo~ntmeM of ~ Receiver, such Covrt sMil
forthwith ~ppoint • receiver of said mortyaged ptoperty all and sinpular, includ~ng all and sirn~ular 1M i~ton~, prof~ts, iuues and revenues Irom whatevcr
wurca derived, each and every of wh~ch, it beinp ~apreuly undsrs~ood. a hereby ma~gaged si if spec;fically set fatA and described in the yranring and
ha6endum clauus hereof, and wch Reuivet shall have ~II the broad and effKtive furxtwns and powe~s io anywise emrusted by a Court to a Rcceiver, and
such appointmcnt ihall be made by sutA Covrt ai an admined equity and a matter of absolute righl to said A10RTGAGEE, and withoul ~eference to the
adeqv~cy w in~dequacy of the wlue oi the property morty~g~d or to the wnre~+cy or i~solvency oi said AAORTGAGOR p the defendants, and ~hat such
ren?s, profits, income, iu~ra and rwe+was ~hall bt spplied by such Receive~ accordin~ to the lie~ w puity of uid MORiGAGEE snd the practice oi such
Cowt.
8. To duly. pranptly ard fully psrform. dischar~e, execute, effect, complete. comply with snd abide by exh and every ths stipvlatio~, agreemenri.
conditiona snd covenann in said promaswy note and this mort9~ set fath.
R That i~ the evem the ownrnhip of the mort9~Qed premises, or any part thneof, becomes ve~ted in a pe~~on other th~n the MORTGAGOR, the
MORTGAGEE, its succeuas snd aui9ro, may, without no~ice to the MORTGAOR, deat wiih such tuccessw a wccessor in i~te~est with reference to this
matg~ge a~d the debt hereby secwed in the sanne manner ~i wifh Mortgsgo. w~thoW in ~ny way vitiatiny o~ d~scF?uging ths Mortgsgors' fabil~ty herr
under w upon the rfebt hereby secueed_ No ssle of fhe prem~xs hereby mwtgaged and no fabearance on the part of the 1NORTGAGEE a irs succeuori
a. assig~u and rw extension of tl?e time fw the peyment of the debt hereby sccured given by the lNORTGAGEf or its successors w au~gns, ahall operat~
to release, d~scl~r9e, modify change w affect the original liabiGty of the MORTGAGOR her~u+, cither in whok or in part. ~
10. It is spec~fic~lly agreed that time is.of the esscnce of this co~tract and t!?st no wsiver of s~y obl'gat~on he~eunder w of the obtigatan se-
cured hereby shalt at ~ny time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add~t:o:+ to the faego:ng mo~thly payments of pri~t pal and interest requ~red by the promissory no~e secured hereby, mortgs~or tovenanta
and agrees to pay to mortgagee with each rnonthfy payment an add:iiona) sum estimafed by mortgagee to be equal to 1/ 12 of the an~ua! cost of the follow-
~ng:
A-A!I real prcpcrty ta:es kvied a assessed against the above described real esqte.
B-Prerr.~ums on i'ue and windstorm insurance as heroi~ requ:red to be carried on the improvements sitvafe on the abeve described prem
i~,?i
C-Premiums o~ such mortgage 9wranty iosurance as mo~tgsgee shall irom Gme to time dcem fit to carry on the {oan setN~l/'`1~~I/i~~
1Nortgyee shal! from timr to time notify mortgago~ in wrifing of the amo~nt due and paysble hereunder and such wm ~a11 ~ a~i1-
FeyaWe on the due date of the next monthly paymenT and exh successive month thereafter v~til mortgsgee shail notify mQitgayo~.~lf, 'l1~~~ut~
a~wunt_ Such sums sF.ail be appiied by mortga~ee roward the payment of real p~~perty ta:es, inwrance prem;ums, and`tnoH~~~~~~iyrf~w
~ p~emiumf. - ~ _ - i ~-r'' •
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IN VlITNESS WMEREOf, t said RTGAGOR h~s hcreum nd and seal the day a~d y ' t atw ' ~t ~
`.s Ss+Ied tht presence ~`lUC1E COU~N~Y~~ C. ORP ~7'~ ;
i BZS ~ .
aocEa PoiTa~s - ' - o
i c~ERK c~acuit co ~ Jo .
~ aECOa~ vEa~FiEO S~Ty • "
n
.~M Z~ 57 pN f~ d 8. A~berta, 't~w.,, t,i~f
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2C 3536
~ STATE OF FLORIDA ~OUNTY OF 5T. LUCIE
~ I HEREBY CERTIFY, That on this day of J~~~ , A.U. 19~._,
~ before me personally appeared J~~ R• and JS~aB L. Enh~r+,a~ ~j,~.~
rsspectively President and Secretary -~~~I' , of
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~ L.C.S. Corporation , a Florida Corporation, to me
~ . .
~ known to be the persons deuribed in and who executed the foregoing instrument, and severally ackr10wle~ecl•thR~~~s~-.
~ . ~ 1y~ ' ~ ;
~ cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; Sr~~~"~_ `~i4p;,~ _
v ~ ~ i._
~ affixed thereto the official seal of said corporotion, and the said instrument is the ad and deod:ofa5a~
~.por ' '
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~ WITNESS my hand and officia) seal at Fort Pierce , said u s ~ j c~=
~ 1'
h ia. i ns t r e n
t pre p
a r
e d b~ J. D. J~
~ Chastain, First Federa2 Savings & Loan
Nota Public, i and for State and County.,afor
~ Association of Fort Pierce, Flor3,da •
M mmission Expi~es:
NOTARY Pi1:.tIC. STATE bP FLQR:D~
~ td1C CGTIMISSION EJ(PIf~S t~~Y.
~ ~ONDED ~HROUGN .PIliO ~~~ST~ON~e~
~ 9-~~ ~
~ ch~ed By /
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~ go~ 189 ~1796 ; - : ~ ~
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