HomeMy WebLinkAbout0643 To pl~c~ •nd con?in~rwisly ke~p on tM bu+ldinqf now w htr~~(ta ~i1u~t~ on sad land ~nd cn ~11 cquiN~oen~ •nd prrsonally cove~ed by this mwtg. ~
aye, wi~h ~11 p~tmium~ lhereoe~ pa~d +n iull, fire iniur~nc~ in tM usual standsrd po~~cy fo~m, i~ • tvm ~pwoved by Iha MORiGAGEE, a~~d w~nds~or~n
fn~w~~ce in ~M uiual ~tandard pol~cy fam, in a~um •pp~ov~d by tM MORTGAGEE, i~ s~rch company o~ com;~an~es the MORTGAGEE ~may
dirtct; ~nd all fir~ ~nd wind~~orm ini~ranc~ polici~t on any oi said build~r+ps. •ny iMSrest therein or part the~eol, i~ tF+e aqqreye~e fum atwesaid o?
In ~xcesi Ihereoi. ~hall contain tM uswl slandard mort9a9N cl~us~ or such o~Mr clauw ~s IM Mortyaflaa may requ~r~. ma?irp the loss unJa sa~d poli-
cies, each ~nd ~vNy, payb1• ro s~d h10RTGAGEE at iN inlarest meY appear, and e+ch ~nd tvery ~~ch po~icy ~hall b~ promp~ly ync~! a~d del~vcred ~o
•ny Mld by ~aid MORiGAGEE ~s furtha ~acurity to sa~d mal~~~ debt, a~d, ~ot less than Ian (101 days in adva~xe o( ~he eapirat'wn of each polity, ?o de-
Gv~r ?o said MORTGAGEE a r~newal 1Mreof, fopetl?K with ~ rateipt fw the p~em~um o( suth renewal; a~d theie •hsll be ~w I~re o~ windflo~~n infurance
pl~ced on any of ~aid bvildinp~. ~~y intaeat thcr~i~ w part thereof, unleu in IM iorm ~nd witl~ tM loss payabl~ as aforeiaid; and in IM evanl any sum
of manay becwne~ pay~Wt under iuch policy w policiti a~id MORTGAGEE shall Mw tM opnon ~o receive and apply the sa~ne on sccoum of the indebtrd-
ne~s uturtd hsreby or to permit iaid MORTGAGORS ro receive and us~ it Or any pa~l ~heteol for otixr pu~yoses, wnho~t th,~.u~ wa~~in3 or ~a~p.,ir-
in9 any eqv~ty, lie~ w rigAt under a by virtw o( this mors9ayr, ~nd in ~he event sa~d MORTGAGORS shatl fo~ any reawn (ail to kcep the said {xemi~es so
insured, w fail tp deliver prompNy ~ny of s~id pOlicies of inw~ant~ to said MORTGAGEE, w fail promptly to pay fully any pre~n~~m thcrclor a i~ a~y
re~~c~ fail ro p~rfo.m, d~uh~r9e, ~xacut~. ~((ect, complete, comp~y with and abids by ~hi~ covenant. a+ny pe.t hr~eof, said MURiGAGEE may p~ace s~~d
pay fa such insurann w~ny part 1ht~eof withoul waiviny ar •ffec~in~ any optian, li~n, aqui~y. a~ r~ght under a by vi~~ue of this Mw~ga9e. and ~hs ~
f~ll amount o} each and ~rtry iuch payment ihall b~ immedi~tely dw a:~d payabls and ~hall bea~ interes~ from ths dat~ thercof unul pa~d al tlx rate ot ~
n~~~e per te~tum psr a~num and to9ether with suth interesl shall be secured by 1M lie~ ol thi~ matyage. ~
1. To psrmit, commit a suf(N no wa~te, imp~irmenl or deterioration of said property w a~y p~rt thereof. ;
5. To pay all and sirqular tM costs, charyes and expenses, includiny a rea~onsble attwney i fee and costt o( abstraces o( ti~le, incurred or pa~d at
any time by sa~d MORTGAGfE, beteuse w in tM ~vent of the (ailur~ on ths pe~t ot tM said MORiGAGOR ~o duly, pron,ptly and iu~~y pe~farn, d~tichsrge.
execute, effecl, comptete, comply w~th and ab:d~ by esch and every the stipui~~io~s, agreemeMS, cond'+t~o~s, end cove~~a~?s ot sald p~omissory nole a~~d ~h~~
.natyape ~ny or eithar, and ia~d cosn, char~es and expensss, each snd evay, shaq be immedutely due and payebte; whe~her w no~ ~hare be nonce dr
mand, attempt to collect u wit pend~~~gj snd'th~ fvfl amovnt of esch and eve.y such paynxn~ sha~l kx~. interest from ~he da~e thereof until pa~d a1 the
rare o1 nine per cenwm per annum; end al! seid toats, char9es and eapeoses inturrad a paid, togrther w~th such ir.terest, shall be secured by Ihe lien oi th~~
^'°rtp+9e-
6. TMt (a) in the eveni of eny Meach of thii Mwt9ay~ w deFault on the part o( the MORTGAGOR, or ;b) in the evcnt any ol sa-d sums of money
hrrcin referred ~o be not prompdy and fully paid within thuly (30) deys nex~ afrer 1he seme severa~ly became due and payable, w~d:out demand or nof~ce,
er in tFw event each ~nd every ~M stipvlstions, ~greements, conditions snd coven+nts ot sa~d p+omiswry note ar~d th~s mo~~paye any a euher are not
~uty. promptly and iully psrfam~d, dixF+~~ped. execWSd. effected, completed. complied with and ab~ded by. Ihen in either w any wch eveM Ihe sa~d ag
gregat~ sum me~tioned in said p?omissory note then remainin~ unpa~d, with ineerest accrucd, and ali maieys secured hereby, shall become due and pay-
e5~e Iwthwith, or tI~HNffN, a1 the option o( se~d MORTGAGEE, as fully and comple~ely ss ii a~l of ~he w~d s~ms of money we~e a~g~nesly st~puiated
ro be pa~d on such day, anytAirq in sa:d pran~sswy note or in this 1Natgaqe to the contraiy notw~~hstanding; and ?hereupon w thereafier at the op~~on of
sa,d MORTGAGEE, without notice w demand, i~it at law w i~ eqvity, thereFer~ ot thereaiter begun, may tx prosecuted as if alI moners secured hereby
nad mat~red prwr to ~ts institution.
7. That in the event that at the be9inning of p~1 ~ny timt pending any suit upon rhis Mortgagc, or to laedose it, or to reiorm it, or to enforce
paymcnt of a~y clai.ns hcreunder, said MORTGAGEE shall apply to the Covr~ hav~ng jurisd~ction thereot Iw the apNointment o( s Receiver, such Court shall
Forthwith appoint a receivea of said mort9aged property all and sirgula~, ind~d~rg all a~d iingu~ar ~he inco~~e, prol~ts, issues and revenues Irom whatever
seurce derived, each ~nd every of which, it being exp?essiy unders~ood, is he~eby mor~gaged as il spec~ticaliy set lath ard desuibed in the granting a~d
habcndum cl~uxs hereof, and such Receiver shell h~ve +II the brwd a~d effecrive funct~ons and powcn i~ anyw~se entrusted by a Co~rt to a Receiver, and
s.ch appeintment sha~l be msde by wth Courl as an ~dmitted equ~ty and a ma~ter a1 absolute right to said MORTGAGEE, a~d w~:hout re(erence to the
adequacy or irwdeq~uy of the value of the proper~y mptgsged or to the wivency or insolvency of seid MORiGAGOR er the defe.ulants, and that such
re~rs, profits, income, iuues ~~+d revenues shall be applied by fYCII RKtiYN according fo the lien or equity of said MORTGAGEE arxl the practice of svch
Coun.
8. To duty, promptly and lully pNiwm, dixha?y~, execute, effect, complete, comply with and abide by each and every the stipulations, agreements.
cond~teons and co.renants in sa~d promiuory note end this mortysge set fath.
9. That in the evenl ~he ownenhip of the mortgs9ed premises, w any part fhereof, becomes veated in s person o~hcr than the MORTGAGCR, the
M.ORTGAGEE, iri succeuors and assigna, may, withouf notice to the MORTGAOR, deal w~th such successw a successw in imerest with ~eFcrence to this
mortgage and the debt hereby secured in the same manner ai with Mortgagw witls~ut in any way vitiating or d~uharging She Morrgsgori tiability herr
~~~der or upon the debt hereby secured. No sate of the premius hereby mortqaged and no forbearence on the part of ~he MORTGAGEE or its successas
o. assi9ns and no extension ot the time fw the payment of the debt hereby. secured given by the MORTGAGE: or its successors a su~gns, shall operate
ro re~ease, d~scharge, modify change w affect the orcg~nal liabil~ty of the MORiGAGOR herein, either i~ whole or in pa~t.
10. It is spec~fically agreed Ihat time if of the esxnce of this contract and that no waiver of any obl~gation hereunder w o~ the obligation sr
:~red hereby sl~ali at any time there~her be held lo be s wsi~rer of tFx terms hereof a oi the instrumem secured herby.
11. In add.tl6'~ to the (wego:~g monthly paym~nts of princ pal and interest req~ired by the pro~~~ssory no~e sec~red hereb{, mortgago? cove~ants
ar.d agrees to pay to mortgagee vvith each monrhiy pay~nenf an sdd~rionai sum estinea~ed by mortyagee ~o ix equal to 1,' 12 of the annual cosi of the foliow-
~ny.
A-All real property taxes ~evied or assessed agai•~st tF~e above dexribed real estate.
B-Prrm,~ums on.fire and winds~orm insurar.ce as herein requ~red to be ca~ried on the improveme~ts s~tuate o~ tl,e above d:scribed premises.
C-Vrem+ums o~ such mortgage gwranty insurance as mortg~gee shall from t~me to t~~ne deem fit to carry on the ban secured hereby.
Mortgagee sha~l from time to s~me notify mortgagor in writ~ng of the amovnt due ar.d pay~ble hereundrr and such sum shall fhe~e~pon be dve and
; ryable on the due date of the ne:t monthly payment and each successive month thereaiter ur,til mortgagee shall not~fy mortgagor of a change in s~ch
a~ovnt. Such wms sFa:f be applied by mortgagee toward the payment of rcal pfoperty ta~es, insurance prem.ums, and mo!tgage guaraMy insurartce
~-.~.miums.
` IN \VITNE~S WHEREOF, the w~d MOitTGAGOR has hereunto set his Fwnd and seal the day and year first atwesaid.
` Sgned. Se nd e. in the prese+nce of: fILEO Aii~RfCORpEO • •
i ~ ST. tUClf COUNTY FU. ~ ' aq
F RO~icr~ ?OItRAt ~q ~
r - • _ C~ERK CIi~Ct!!T COlNtT
~ ~ECOn{? VfF.1FiE0i„~~ c ~-s-~ (Seat)
E -
~ ~ Cre'~ ~Seal) I
~
~ t STAiE OF FLORIDA r` 4~0 ~'7~ '
St. Lucie ~ ~ 2~`~~%3 ~'L
c~uNrr oF ~
; 8efo~e me penonslly appesred A~ '~lley' and
~ Ida ~:ae Ellison Baile
y his wite, to me well k~own and kr+own to me to be
~ rhr individwis descr~bed in and who executed tl~e for~ ny instrument, ~nd acknowledged befwr me that they exrcuted tt~:srtAMl~iM.~~~i purposea
~ jda Mae ~llison Baile _~'1''r
rhercin expressed. And the sa'
Amos Bailey : • . , . ,
~ ~~fe of tF+e ued _ _~--`yp'ot~ ` Mi;, ~v~t~
X e¦am:nat~on by me ta4en separate and apart from her said husband, ackrawledged to and 6efwe me tha~ the ezecuted aid~~GUI~~ ~o1u^' :
i ra~~ty and w~thout a:+y compulsion, constrsim, sppreheos~on feu of w from her said husband. :`,„t- ~~';i ~ `
~ f ~ ~ day of ^@.tiT'U3I' _ ::~-~`::;5"~~~`'T~ ~
WITNESS my hand and official seal this •
• M L
" ;i~1~
Notary Pu in ~nd iw the tal~ ~ .
'K My Comm iwn txpite~_ ' ' / ~
STATE Of FLORIOA $ I . . v~ II ~~~Nt~~~~-:
~ couNn oF St. Luc ie ~ u' . ~~.'!~'~~,.'~u, i911 t
: ~ ~K. i ~
~ e~rae ~.~,,,ny .~..~d ~ al i a Mc Ffie rs o~ -a:. dov ~m~e
~ _
~ "the ind:vidw dewibed in ~nd who eaecuted the for to me well known and known to me to be
~ ~ ~'~4~.''~Itk~ before me that,fFur sxecuted ~he wme fw the purposes
n
therein e:p?essed. ~X~'~JGlB -T ' Y:.iZ;,~''•%'
sa ~ . r X'; I' • :.~Y .Q. ;
lG]OC]ffcf6YJN[~ ~-~_T_.;T - ~`~f XX~d61~~~7kK"~OO1t10)bD~C
~ '~Y+~G7G7i~Ye~6X. ~OQ~~
WITNESS my hand •nd offici~l seal thi ~ ~ f ' ebrua A. D. 19~
~??vt"•:.c:: ~ • .
~'his i~strume:~t prepared by John W. . ~ % ~
~ ?irst ~'ederal ;avia~s a~d Loan A~sociat~o'ir,;~'I~' •,`~~~ry Pubtic ' nd fo~ the .r. of F~d..r u~ye ~
~ ~ t_.; ~ .
Mr Comm~s~ ~apires: - / Q ~j.'/
~ ~ _ - t471
~ BO~l~t~l,~ . ~4~ ' " . g!'-k ot Rc~:de at tsrpe
E:e~s: h ~ay'.! ~`•E
~ II rt"' ~y -~;jF
~ a ~~„u. ~ ~ ; ~ _ .
_ - ~ ~.s~ ~
, _ . 3 x"' . . _ '..y-~`-~~
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