HomeMy WebLinkAbout1278 1. To ~,:ece end cau~n~o„siy keep on ~tre l:ul:d=~~gs ~~ow or herr.aftrr s~~ua~e on sa~d ~end and on aC rq.,~~,~~:rnr and {xnonally co+~•r~d by ~h~s mortg-
sge, w:th all p~em~ums thereon pa:d fuA, f,~e inswa~ce ~n the uwa~ aw~~erd yo~l~y form, ~n a wm a~.p~o+ed b/ thr 1dUk~u:.G:E, a~ J w~~:Jstwm
lnsurance in the usua! standard pol.cy IJnn, in • sum approvrd Gy tha MORiGAGEE, in such company or canpanirs as the ~:IURTGAGEE n~ay
direct; a~d alI fire and w[ndstorm insuiance po~i<.rs on any of sa~d build~Rgs, any interest ~herein or part th~rrof, in the agyrcguTe s~m aloresa~d or
excesi ~hereof, stuU conta~n the usuat s~andard mor~gagee cleuse or tuch other cteuse as the Mo~tgagee may iryu.re, maMifiy Mn ~oaa ~~~Jrr a~~d poi~
c~rs, each and evrry, pa,~able ro sa~d h1pRTGAGEE a~ ~h intrrosf may appear, and each and ewe~y wch po::cy sha1~ !~e prun,pt,y ass yn~~d a~•d de~~ven•d ro
eny held by sa~d A10R1GAGFE as fw~hcr s~turity ~o sa~d mortyege debt, a~~d, oot fess ~han ~en (10) da~s in ad.ance o1 thr exy~ret~on of cach po~~ty, to dr
fver to said MORTGAGEE a renewal thereof, toge~her wlth a ~ece~pt for the pre~n~um o1 i~ch renewal; and ~here shail be no f~re o~ w~~~dsr,;~m ,nsvrance
p~ecrd on any oi said buildmgs, any inte~est therem or pa~t thereol, unless in the fo:m and w~~h the loss payable as afo+esaid; a~d in the event any sum
of money becomes payable ~ndar s~ch poGcv w pohciei se~d MORIGAGEE shall have ~he op~~on to rece~ve .,~~d apNly the same on accou ol the inJ.•r•t~d-
ne~s secured hrreby a to pern,~t aa;d MORTGAGt~RS to recaiva and vse it a any part rhe:eof. fcr orn•:r i.~r~.osrs. w,ri:,,,:t ~h:~,.,; cr p:~•.
~ng any ~qu:ry, I;en a right under a by ~irtuc of Ihis mor'gage; and in the eveM sa d MORTGAGORS 3ha11 fo~ any ~ea~on 1ai1 to kcep t1~c ia:d p~r~ms's so
~nsured, a fail to del~ver pranplly any oF said pol~cies of insuran~e lo satd MORTGAGEE, or fad prompNy ~o pay fuily any prF~~,,,,~n rhrrefvr or in any
rrapect (ai! ro perfoim, dr,:harge, execurr. elfecl, complete, co.mply wifh arxl abide by thia covenan~, or any par~ hareof, said MVRTvAGEE may p~ace a~o
pay fw ~~ch insurance or aoy part thereof without waiving or .:txting any option, lien, equ~ty, or r~gM ~nder or 6y v~rwe oi ih~s hlcr~gage, ar,d t1,E
1~11 amovnt ol each and e~ery such paymrnt shait be ~mmetliateiy d~e and payab~e and shall bear inte~cs~ i~om the da~e thereot v~t~l p~~d at the ra~e of -
n~ne prr centum pe~ annum and to~rth~r wfth wch inter~st ahal~ tx uw~ed by the tien o1 lhis mortgage. "
1. To permit, tommit a suffer no waafe, impairrr~ent w detcrioration of said property w any pa~t thereof.
5. To pay all and si~gular the costs, charges ar.d expenses, including a reasonab:e attorney's iee and cests of abstrads o( tii'e, incurred or patd at
eny time by sald MOR~GAGEE, becavse w in the evcnt of the fa~lure on rhe part of ihe said MORTGAGOR to d~ty, pra„pHy and fu~Iy pertorm, d~scha~ge.
~.ecute, et(ect, cemp;e~e, comply w~th and ab:de by each and every the stipufauons, agreements, co~d~t~ons, and covertants of sa~d Fro:n;ssory note and th~s '
:r.ortgage any or l~1he~, and aa:d cosrs, charges and expenses, each and every, shal! be immed~atety d~e and peyabte; whethe+ or nof rhe~e i~e nonce dr
n~and, artempt ro to?lect p suit pend:r.g; and the 1vt1 amount of each a~d every such payment shaU bea. ieveres~ from the date the~eof un~~{ paid a1 the
~~~e os nfne per ceosu•n pcr an~~;.:n; aetc; all sa~d wsts, charges and c,~prnses irxurr~•d or pa~d, tcgether w~ih wch inrerast. shall be secured by ihe i~rn ot th~s
mortgsge.
A. Tlwt (a) in the event of any breach of th~s Nlortg~ge or drfauh on 1F~ part of the MORTGAGOR, or (b) ~n the event any of sa:d wms of money
herein referred to be not prompfly and fully paid wiih~n th~rty (30) days nexl aiter ~he same severa:ty become due and payaLle, wifh,out demand or nonce,
or (c) in the evem each ar.d eaery the snpuiat~o~s, agreements, cond~tia~s and covenanta of sa.d p~onussory no~e and th~z nwr~gage a~y w e~~her are not
~~ly, prompNy a~d f~lfy pte(ormcd, d,scharged, execu~rd, eiFected, comp~eted, compl~ed w~~h and a6~ded 5y, then in e~ther or any such event the sa~d ag-
~regate s~m rrKntioned in said promissory note then remaining unpaid, with intereu accwed, a~d a~l moneys secured hereby, shall become due and pay-
ao:e farthwirh, er ?hereafter, af rha op!;on ot sa~~ btORTGAGEE, as fuHy and comptetely as if all of the sa~d sums of money v~ere o~~ylra:ty st~pu:ased
to be pa~d on such day, anything ~n sa.d p~o:n~ssory note or in this l4~tortgage to the ton~rary nor,viihsta~:d~ng; and the~eupon or thereafter af the optron oi
sa d MORTGAGE£, w~thaut nor~ce o~ drmand, suit ar ?aav or in eqwr~+, rherefore or therrelter beg~n, may be prosecWed as i4 alt moneys secured hereby
.~:d mat~red pr~or to ~n ~ns~~tur~on. .
7. ihat in the event rh,~r at tne beginn::,g ef or a! sn~ n~ e pend~~~y a-,y sulr upoo th~s Mo•tgage, or to foreclose it, or to relo~m i~, or to enfcrce
F:-~yment of any cEanns he•eu••::cr, sa~d h'ORiGi..i,cE sh.,;, y ro thc Cou~r hs,~~~g ;~n;:f ~r.c~: i~;_~«~o! for ~he appo;nlment of a Receiva~, a~th Court shail
i_rrhv~ith appo~nt a recei:tir ot sald m.o~tgaycd propertr a'. ~.d s~ •~u!ar, ~n,ivd ~,g a..d s~,c:.,•ar r:r i::c,:~,e, proi~ts, issues and revenues fran w1~et~ver
s. ,•te deri~ed, each ar~c! e•:ery of wh.ch, it ~~r,g e.press'~ cr,ci-::+v~d ~s ter.Lf rr.e~r~.;.:ci ;s ssec.~+ca:~y seY fo~th and dexr~b~d in the g~anr~~;~ and
+::endu^~ c a.,ses hereoi, ard s~:h Rece,,,er Sl:J~I F1dYB ~,+hr u~ ,.~y a•d r+~cy~..r f~.;~>;c o~.s :~.c! pc..e~s ~n ,nY;,.sc cntrusted by a Coa~t to a Rec~~~er, a••d
s. ~h apFe:n:r.:c~~•~ r~a;~ b~ n.:d= br such Court as an an •~~tt.d ry.,ry a~~d ~ n.a+ter ci a'_;.:.,r•~ ~,ynt to sa~d M,~?RiC~AGEE, end withovt reEerence io the
a.:ey~aey o+ i~:aaea~ac; •of r.-.e va:ve of nc~ proprrty me,~g,3ea a to r'r,r sc.~~ncy or ._~~~y o! s~:d A'.•:RivAGOR or !he driar,da~,ts, ar.d fhat suth
~s, proi~;s. ~rccre. ,ssves a~d :ever.ues shati br app:::d ::i a~_n R~o_~1c-r .,,..~r~i., , tc ir.e I~cn or rq~~t~ of sa:d A1:Jw1G:.GEE or.ci il~e practice of s~ch
Court.
d To e,'~. F-c~.:.•'v ard f~: ~y pzrfo:m. d~scharge. e~ce:~,•e, c"r.'e,t, c:~r.pir!e. o_...,.:y v.:rh and ab:de by each and ever~ the st~{;u:ar:ons, ag:ecmenis.
~-d.t~or.s anci c. _'r:;> •i s: d pr;: ••~ssory r.e:e a::d tr-;s n..,tg.i~~ s~•t fmlh.
9. "r:ar :i.~ ~;,r.:- ~h;~ of the mor!g~ged pr~,,us~~s. o• a~; part ti~crcof, beco•nes vested in a pe~son o!her th;n the rAOR1GAG~R, the
.:;R"GAGEi. •s s_cc.;>.rs _ c__s.3•s. r~:ay, vvi:F.out nor!ce te t~e r.04i;,t~R, ci_•~: .v~tF, s.,,h suc:essc~ or s~:ca;scr ~n ,•.tr~csr ~.~rh rrirre::ce to tn~a
:-!yage ar.d ~F., d_,.~ Tc•ec~~ s_-'''=d ~n the same rt;a~~ner as ::.,h l.1;•!~ago~ wnh~~t in ony way v;~.alfr.g or d.sc~.ary~ng the tSc~cg„gors" liab;~ity h~rr
^'h° E,-~,,•~, a..~„rr.l Ne sai~ of st:e cre:r~srs 1~-,:cb, ~~:ortqaged a:~d nc fcr~earance on the Fan ot ;he /1vR1Gi~C~E; o+ its wccessurs
ass•gns a, d.,o .=.~e-;,.,- c+ ier tfi_ payrrerrt o~ r=.~ d_.br hF,,.c~ sec•~red givrn by the FtiUKt(,Al.c[ cr ~75 wccessois ur oaay~n, a~~a~~ v~~~.,ir
'o +e zase. d.sc':_•y-e, n c:j,{j ~'13' 1= pf offect the orig~n~i I:d~ ::ty of ihe N.uR(GAGOR here~n, eithar in N,hoie or i~ part.
1~. It is sc,ec f'c a o•.•._d th3t ti:;.p is of the esse: <e cj i!,;s co ~tr~tt ~~,d thai ne wai~~er of any ob',yat,on here~nder or o4 the ob;igation s~
__•rd F.ereoy s6a ~ a~ er., ~ e r,~.:r~-ottei be h_:d to be a v.a~.r. cf she trrr~s h:•recf or of the inst~v-rent secured herby.
t t_ (n sod r e'~ t,. Foreg^ z9 rnonth'r c:ty..._n•s u! :~~c snt~ i~.•. re •td b/ tt~n F'^ Y .
•o sscr r:c'e secu•ed htreb. mortg~~or covenants
~:es t;.> ~ay ro:•.o t~,~•_t v.~cn ea~h ~r .r.~h y~.,, c t on !.i s~ o._d bt rno:tgagee to be equai To 1 12 of the onnuat cos~ oi th•_ folipw-
P.-A~~ r.jl cror<;.•~ •ax~s te•:~_~:? o~ assestcd a,~~~st t. ain:., c?._~..:~, ._al es'ate.
' g p,~., , s on f.,r :,.7 w;::dsto~m ins~:•::~ .e es n:=::-:r .,~c_ •_d 6., ,•_d o*, tn~_ ,m~;roveme~ts s~tuate on t':a above d_sc~~~ed prrmises.
t-Pra~r.w:-s en s.,:h mortg; ;e gua•anay irs~rar ce as mo:tg.~ :_~e s:^.a,i *r~ m~ to t:~r.~ deem fit to carry on the loan sewced hereby.
h'.ortgagee s^~ : r•c•n t. ne to t~:re nc.t:{~ ~r.ort~agci ~n r.rrt.ng of thr a~-.o~~t d~e and payabte he~eundar and svch su~~ sh3ii thereupon be pue and
.~,ab'e o~ rhe c3~e cy e or ~he r.ext .r;onrh:~ p3~m_•nt and each successive n:or~th thereafter urail mortgagee sha!? notify mortgagor of a change ia such
;,nt. Such sums sFa.! be app:~ed by m.orrgag re toward the pa~rr.ent oi reai properiy taxes, insurance prern.ums, and rr:ortgage g~araMy irtsuran[e
. e-r wms.
JN Y!lTnhF55 L':HfREpF, t!~e said MORIGAGOR F.as hereunto set his hand and seal the day and year firot aforesaid. •.'"~•~N,lir,• • -
- ~goed, Sealed a:.d delivered i the p~esence ot: A~tERICAN ~Q~1ES AND ~1f~u!'1`~iX(~~~~'~H[~
~ t~~pR1~O
- ~ ~ ~A~ aDYIiTY iLA. BY. , .
~~~6~~ r~tt M1RT i iam n_ .~es ` ~
BK~iR.Y ~ _
!!E~OAD Y P.iilEO.r~r.•~~••• ATTEST: • - - •
_ _ _ _ _ _ pf~ ~71 ~ Verna L . Andefaan,• :Secieteiy
~ =
~ ~f~f ~ti ,-.~C . ~ .
26964$ .ti' ; ; ~
; STATE OF FLORIDA ~ COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this _?t
y` _day of___ Nove~bez , A.D. 1973 ,
Wil liam A. Anderson Verna L.- Anderson
before me personally appeared and - -
E res e~tive!
p - y President and $ecretary _ of
A~lERICAN_i'O'fES AND NORTGA~, INC. a_ _~'lotida _ Corporation, io me
k~ovvn to be the persons describe~ in and who executed the foregoing instrument, and severally acknowfedged the exe-
cu;ion thereof to be their free act and deed as such officers for the uses and purroses therein mentioned; and that they
affixed therefo the officiai seat of said corporation, and the sa+d instrumsnt;. is the act and deed of said corporation.
~V1TNE55 my hand and official seal at Fort Pierce ~ - ~id cou and state.
This instrucaent prepared by ~ ~ , , , 3,; .
John W. Co22ins
~ ~'izst ~ederal Savi~gS afld LOan No ~Pv~lic~. A and for S and unty aforesaid_
~ Association of Fort Pierce, ~lorida ; ~;y ppr{,m?s~io~.E'xpires:
_ ~ ~ ? , ~ , /oZ -a~-'7.~
: . L{r~ J ~trC t..M~ _
Checked By ~ i ~
~ ; .
~0~~2?~ `~~E~278 ~