Loading...
HomeMy WebLinkAbout1386 . ; ~ ~ M F 3. To place and conrinuously kcep on the bui:d~ngs now or hereafeer s~tuate on sa~d land and on ali equ~pment and persona~ly covered by thi~ mo~ ~ge, w~~h •11 prem~ums theieon pa~d m full, fire ~~surance ~n the ~sual sta~w-lord ~,~cy form, in a sum approved bv ~hr MOR+vAGEE, and wmdsto ~nsurante in the usual standard po!•cy fam, in a sum approved by the MORTGAGEE, in such company or cornpanies as the RtiORTGAGEE m duett; and all fire and w~ndstorm inswante policics on any of taid build~ngs, any interes~ therein or part thereof, in the agg~egate sum afo~esaid i in eatess thereoF, shall :onrain the usua! standard mo~+gagea ciause o~ such otha clavse as the Mongagee may requ~ro, maling Ihr iosa u~.dr~ sa~J po j c~es, each and every, payab'e to said MORTGAGEE as ~?s interest may sppear, and each and every such po'~cy shall be prompHy ass g~ed a~:d de:i~errd + ; any held by said MORlGAGEE as (urther secur~ty to said nwrtgage dab~, and, not less than ten (101 days in advance of the exp~iat~on oi each po:~cy, to d. Gver to sa~d MORTGAGEE a renewal therrof, toge~hrr wirh a rece~pt for the premium of such renewal; and there shatl be ~o hre or w~~~dsro~~n insuranc pleted on ~ny ol said build~ngs, ~ny interest there~~ w part t!~ereof, unless in the form and with the loss payab~e as afcrcsa~d; a~d in the event any sun of rnoney becorne~ payable u~der such policy or pe6cies said MORTGAGEE ihall have rhe opnon to rece~ve and app!y the smne on acco~nt o( the indebr~•d ness 3KWed hCreby w to permA said MORTGAGORS to receive and use it or any par~ the:eof tor o:hcr purp~oses, w~~ho~t ~h>•~:~. ~va~.~,3 ;,r ~~„p,.r ing any equ~ty, ,lien w right under or by virtue of ~hi~ mo:'gage; and in the event sa~d MORTGAGORS shatl :or any reason fail to keep the sa~d prem~aes ao insured, pr fail lo delive~ promptly any of said polit~es of inswa~ce to said MORit'iAGEE, or fail promptly to pay fully any pre~nium therefor c~ in a~~y ~espect fail ~o pnfwm, discharge, execute, effect, complete, comply with and abide by this covene~t, w any part hrreof, sa~d MGRTGAGEE ~nay p~ace a.:o pay for such insursnce or any part thereof w~Thout waiving w a(fecting any opr~on, lien, equ~~y, o~ nght under a by v~rtue of ih~s Mor~gage. and thc f~ll amount of each and e.ery such payment shall be im~nediauly due and payable and shall bear interest from the date thereoi until paid at rhe rate o? r~~ne per centum per ann~m and to~etF~r ~nith such inter~st shaii be sacured by the lien of this mortgage. 1. To permif, commit or suffer no waste, impairmenl a deterioration of said property w any part lnereof. 5. To pay all end singular the costs, tharges and expe~ses, inctuding a reasonabie attorney's fee and costs of abstracts of title, incurred o? paid a~ any time by said MORTGAGfE, because or in the event of the fa~lure on ~he pari oE tF~e said 610RTGAGOR to duly, prompNy and fu11y pertor~n, d~scharge execute, effect, tomplete, comply w~th and ab:de by each and every the stipuiat~ons, agreements, cond~tion~, and covenants oi sa~d promisso~y note a~d ~h~s o,orrgage any or eiiher, and sald costs, charges and eapenses, each and every, shall be immrd~ately due and payable; whether or not ~here be no~~ce de~ mand, attempt to co~lect or suit pending; and the full amouro of eacA a~~d every svcA Faymem shall bear interest from the date thereof until paid al the r.~±e oi cune per centum p:r annurn; and all said costs, charges and :x~nses incurred w paid, toge~her w~th such imerest, shall be secured by the lien of this mortgage. ` ; 6. That (a) in 1he event of any breach of this Mwtgage or default on iFr part of the MORiGAGOR, w(b) in the event any ol sa:d suma of money herein referred to be not p~ompNy and fully paid within th~rty (30) days neat after the same severa:ly become due and payabte, without demand or nohce, or (c) in the event each and every the s?iputations, agreements, cond~tions and covenants of sa.d promissory note and th~s mortgage any or ei~he? are not iu1y, prompNy and fully performed, d:s:harged, executed, effected, completed, complied with and ab~ded Sy, then in e~ther w any such event ~he sa~d ag ~regate sum memioned in said promissory note then re~naining unpaid, with inrerest accrued, and all moneys secured hereby, shall become due and pay- ao'.e forthwith, w thereafier, a~ the opt~on of said MORTGAGEE, as fully and completely as ii all of the said sums of money were onginaily st~pu:ated ro be pa~d on such day, anything in sa:d p~om~sso.y nofe or in this Mwtgage ~o the ca~~rery notw~thstand~ng; and thereupon or thereafter at rhe opnon oi sa~d MORTGAGEE, without notice or demand, suit at law a in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby nad metured pnor to ds instituhon. 7. That in the event that at the begi~ning of or at any time pending any su~t upon ?his Mortga~e, w to fweclose it, w fo refocm it, or to enfor~e payment of any claims he~eunder, said MORiGAGEE shall apply to the Coun having ~crud~ct~on fhereof for the appomtment of a Rece~ver, such Court shafl ferthwith appoint a ~eteiver of said mortgeged property all and singular, includ,ng all and singular the irtcome, pro(~ts, issues and revenues (rom whatever scurce derived, each a~d every of wh:ch, ]t being ezpressly undersrood, is hereby mo~rgaged as if spec~{~cally set fwth ar+d described in the granr~ng a~d habendum dauses hereof, and wch Receiver shall have atl the broad and effecrive funa.ons and powers in anyw~se entr~sted by a Cou~t to a Receiver, and s, ch appointment shall be made by such Court as an admitt~-~d equity a~d a matter of absolute r~gM ta sa~d MORTGAGEE, and without referente to the adequaq or inadequacy of the value of the property mwtgaged or ta rhe so.vency or ~nsotvency oI sa~d MORiGAGOR or the defendants, and that such re^~s, profits, inco.ne, issues and revenues shall be applied by such Receiver a:cord~ng tu the tien or equity of said MORTGAGEE and the practice of s~ch . Court. 8. To duly, promp?Sy and fully pe.fon,e, d~scharge, execute, effect, compteTe, comply w~th and abide by each and every the st~pulat~ons, agreements, conditions and covenanrs in sa~d promissory note and th~s moregage set forth. 9. That in the event the ownership of the mo~tgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the .'~RTGAGEE, its succeuws and assigns, may, wifhout r.once to the A10RTGAOR, deal w~th s~ch successw or successor in interest wiih reference to this ^.o~~gage and the debl hereby secured in the same man~er as with Mortga9or w~thout in any way vit;ating or d~scharg~ng the /Jlortgagors' liability here~ ;;nder a upon the debt hereby sec~red. No saie of the premises hereby mortgaged ar.d ~0 lorbea~ance on the part of the MORTGAGfE or its wccesson or assigns and no extension of the time for the payment ot the debt hereby secured given by the MORiGAGEE or its successors or ass;gns, a:~al~ operate to re!ease, d~scharge, modify change w affect the origmal Iiab~Gty of the MARTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esxnce of this contract and that no waiver of any obligat~on hereunder w of the obligation x- cured hereby shal~ at any time thereafter be hetd ro be a waner of the terma hereof or o! the instrument secured herby. 11. In add:t~o~ fo the forego ng monrh!y paym=nts of princ pal and i~~erest requhed by the prom;ssory no!e secured hereby, mortgag~r covenams a~,d agrees to ~ay to matgagee wrth each monthly payraenr an add~rional sum est~mared by mortgagee to be equal to 1 j 12 of the annual cost of ~he fol!ow- ~r,~: ~ i A-All real property taxrs lev~ed or assessMi against th~ above described real esrate. ~ ' B-Prem~ums on Iire and windsrorm insurarce as he.ein requ~red to be carried o~ the ~m;,roveme~ts s~tuate on the above described premises. j . i C-Premiums on such mortg3ge guaranty ir.s~rar,ce as mortgagee shall frc~n t:me to t~me deem fit to carry on the loan sec~red hereby. j Mortgagee shail from time to time notify mortgagor in writing pf the amount due and payable hereunder and such sum shall thereupon be due and ~ E :~yable on the due dare of the next month!y payment and each successive month the~eaiter ur,iil mortgagee shall notify mortgagor of a change in such • ount. $uch sums s~a;l be appi~ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insorance i ~ p•emiums. - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye , first a~oresaid. ~ Signed, Sea?cd and de 'vered in e ptesent of: FILED AMD RECOROEO ~ 6~~,. r,seaq a ST. LUCIE COUNTY ftA. ~ G - ROCER POitRAS ~ - o . aver ~~a~~ ^ CLERK GIitCU1T COURT ~r . (Seaq f ~ RECORO ven:F~~o__ ~dred L. Wea r ~ - csoaq i ~ M1M 3~~Pu '7 seat) ~ ~ S i A7E OF fIORiDA ~~`~J~',15~ I'ODrs @~ S S ng @ a~ti ~ couNrr oF St. Iucie i~r Wa'~ ~ ~ Before me perwnally appeared TBO Ci. Weaver ~ ~ Mildred L• W88V91' his wife, to me well known and known tp me,fo b~ ~ tne individuals described in and who executed the fwegoing insfrument, and acknowledged befo~e me 1Fwt they executed the sart~s }ot ~~pRp4ses r : k rherein expresxd_ Md the said l~fildred L. 111~88R~@I' ~-~c 'r- Weaver ' T'-'-~' a r,lfe of the said - TAO ~'i• ~~-j;. ~-'''s~ e=amination by me taken separate and apart trom her said husband, acknowledged to and before me that she executed wid irest?umewi f y and ~ i~niy and w~thout any compulsion, constraint, appreh n/s~'on~ot fesr of or from her said husband. >2.' : j WITNE55 my hand and officlal seal th;s ~ V- day of March ~'~_y q. 'xYZ. ~ - R,` STATE OF FLORIDA Nota Public ir~ ~gy •`+~t~!J~ji~ , 1+AT GE t ~ My Comm~ssion ~rlic - ~ - : ` " 2 1975 f /fl t Vv t~~r ~v.. ` COi1NTY OF Sti. I11C~8 1 .~.V~2A~ {?i:,L-v.< U~l?: Y~ilYYR17ERS. INC. i ~ Jero~e Stabile, a sinqle a~ult ~ Before me penonally appeared ~ ~ to me well known and known to me to be the indiridus~ desuibed in and who executed the fwegang instrunxnt, and acknowledged befwe me that Ihe~ exetuted the sartx fw the purposes therein expressed. --x: 'T~ : A " 3 WITNESS my hand and official xal thi day of ~ A. D. 19~ This ins'~ prepared by J. H. Roberts, Jr ~ ~ S~` F'~,~'gt ~QBr81,~a sand I,~an Assoeiation OF otsry P~bl'~i, in or the State of F{orida at Larga - ~y?y Commt{~r1 ex resNOTAitY PUQl.IC STATE Q~ FLORIDA AT UR( '~02''ti ~@1'C@~ ~02'~A " _ ~./..~.n.:.~-• MY COfl~MIS.~',IOCJ E;:i'l~::S tAAR. 2, 19TS ~ (iENEW1l INS~i:~At.Cc Ui:L'cRY/RIT~RS. INl ~ry~(1r ~O ~ ~ !i~~_ ~U~!!~ ~F _-r-___..._.___~. _ . ' _ } - "N~4 tc...,~:~`A:.~.'.'~ + 2'. ~ „ z _ _ a~. __±e._'.+.