HomeMy WebLinkAbout0875 to pl~c~ ~nd conrin~.,o~,dy kNp on ~1» Eu~idN+p~ now a MrNl~~r ww~~~ on ~~id IN+d and a+ dt put~?1 ~nd p~rwnatly oovK~d by tNa ~
p~. witA ~!1 p~mi~ms tM~wn psid ~ full, fi~~•Imw~nc~ in `ha u~u+l s~~rd pol~cy foren, in •~ww ~pprov~d by th~ MORiGAGEE, and wind~tonn
Hawana In tM ~»wl ~ru+da.d poliq fwm, In • ~wn ~ppov~d by ~M MORi3AGEE, In wcA co~npany w canpam~t ~ th~ MORTGAGEE nNy
dinc?j ~nd NI }M~ w+d wied~a~m Inw.axs polic~ on ~ny of t~id buildinpf, ~ny Mh~~~1 tMr~in or pi~t Il~wl, b 1M p~p~~~ wn~ ~fora~W or '
h~xtw~ IAM~of, ~lull een~~M rM wud st~nd~.d matypN dww a~ud~ otMr tlww ~M May~yN eeay rpuK~. makG+p IA~ bu w~dN ~aid polb
ciN, Ncl? ~nd w~+1r. p+Y~bl~ ro ~a~d MORTGAGEE u its inar~st ~ray ~ppwr. and ~sch and ~wry ~uch poltcy ~hail b~ prpnptFp ~u.y~d ~nd dNlvK~d ~O ~
any hrW by ~a~d MORTGAGEE as fu.~h~i ~ec~rUy to ~id ~nor~9+p~ d~W, and, na I~w ~Mn t~n (t~ d~r in ~dvana of tA~ ~xpwsNon of ~ach polic~r. W d~
liwr W s+W MOitTGAGEE • ~~wwd tMr~ol, top~ih~r wi~h a ne~~p~ ~or ~M p~n?ivm of ~~eh r~e~vr~4 ~nd ~!?K~ ah~ll b~ ~~o f~~ a wieKh~am krw~u
pl~ad on any of uid b„ildirg~, ~ny 1ntK~st tl?K~~n or pKt tM~wf, vnl~~ tn ~h~ fam urd with Ih~ iwf payabN w ~fw~a~id~ ~nd in IM ~v~nt ~te~? twe
af mon~y b~eomra pa~abl~ und~. weh polky a polKin ~~id MOltTGAGEE aMll Mw eh~ opr~on ro~.e.~v .nd .ppty fM wn~ on aooouM of tM ind~btd~ "
nqs s~cw~d Mr~b~r er b p~.mit ~aid MORTGAGO~S ro nuiv~ ~nd ys~ ir w ~ny put rh~reo4 for o~her pu.Fo~~~, w~~hout ~h..•b~ w~ivin9 a unpai~-
Gp ~ny puNy, li~n or ~Ipht undK or bp virtw of thh mw~pr, ~nd le ~h~ ~wnf Nfd MORTGAGORS sh+ll tor any fNfOfl ~~II /0 ENP IM MW pfM1IN{ W~
inaw~d o~ iat a d~1iw~ p«np~y any of said po1K~~s ol lmwanc~ ro sa~d MORTGAGEE. o. f.u w«~a+h wr t~iy .~y P..~aw+, ~M.a'~x a In ~nr
r~~p~er /~il 1o pMforen, d~sdwy~. ~aoeur~, ~f(~et. eompl~t~. eomplY wirh ~nd ab~d~ by rhia oov~nard, a- ~ny pa?t I~~of, uid MOATGI?GEE n+~y plia ~nd
Wv for wd~ inw.w~c~ a u+y part tM~~of withoui w~ivinp w df~aln0 ~nY oWion, li~n. pu~ryr. w riphf w~dK or by vi.tw of ~hi~ Matpap~, ~nd tM _
full ~rnou~t o( ~ach and w~ryr such p~ym~nf ~l+afl b~ immedi~t~ly dw ~nd p~y~bl~ u~d ~MII b~ar intK~a fran th~ d~+~ tMrwt uortl pald ~t tM r~q ol
r?in~ ,p~r untwm p« ~mwn and tofletMr with ~uch inareu thalt b~ ucured by tM lien of thi~ mortpp~.
1. To pKmit, eonrni~ or wfi« no wut~. !mpalrm~nt or d~teriw~tan of s~jd p~~ty or ~ny pan tMrwf.
S. To pay all ~n6 ~M~pvla? th~ co~», cMryH and ~xpK.sea, includinp • nason~bl~ ~ttaney's fM and cwt~ of ~b~tracts oi titl~. lncwr~d a paW.N
uqr tMn~ br ~aid MORiGAGfE, bcws~ a t~ th~ w~nt of tM t~ilw~ on tM p~~1 of th~ uW NIQRTGAGOR ~ duly, promp!Ip and fvtly p~rfw~n, ~scM~y~t
~x~c~r~. ~H~d. ca*Pt~q. co~ph wtM w+d ~b~ by ~~ch ~+d ewry tM stip~rlat~ona. W~~e^u^n, cond~~iwn, •nd cowe+nn of sald prantaw.y noe• and ~Ai~
mupp~ any or ~it6a. and saw! cost~. cMr~~s ~nd ~:paws, each ~od ~vKy. ~hatl b~ immsdiat~ty dw ~nd pav~btr, wFwtFw~ w not te~~ b~ notiae d?
mand, +tt~ b colbct a wit pk?d~np~ ~nd rh~ full ~rtwunr of ~ach and w~ry such. p~rm~m ~haU b~~r inr~nu from ~M dat~ tM.wf until p~Id ~t tA~
rate of nine pK centum pa am~um; ~n~! all aaid cost~. cM~p~s and ~apenstt inturrtd o~ paid. topetha wi~h ~uch intK~tt, ~Mli b~ t~tvr~d by tM If~n of t!w
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6. T1+at in tM ~wnt of any br~ach_of this Nb.rqp~ or d~favtt on tlr p~rt of +I~e 111WRTGAGOR, w(b) tn tF~ ~wn~ a?y of uid ol n~oeKy
her~in r~f~rr~d ro b~ not promptty u~d fvly paid wi~hin ~I+kry (30l d~ys ~~xt af~er tl+~ wrw Nv~r~lty b~cwn~ dw ~nd p~y~W~, wi~F~ovt d~naod or no~ic~,
or in the ~wM each ~nd ~wry ~M ~~ipul~tiwu, ~prNmen~s, condi::ons and covenams of sa~d promi~wry noM ~nd +Iw~ mortpap~ ~ny w~itAtr an nol
~uly. p?ompNy and fully perfwm~d, d~scl+arped, exec~t~d, ~ifecud. compt~t~d. compli~d with ~nd ~b~ded by. th~n in ~itha a any a~ch ~wnf tM uid aP
prp~t~ svm mention~d tn ~aid p~omiswry not~ then r~maininp unp~id, nith ineerest ~ccrwd. ~nd a!I ~non~y~ ac~r~d AK~bY. ~MI) A~com~ dw aed p~y~
abl~ fw~hwitA, a rMr~~fter, at th~ opt:on of uid MORTGAf3EE, u fulty ~od compl~qlY ~s if ~~1 of tM ~aid wma of mor»y w+r~ pipinally t~ipulat~d
ro b~ paid on wch d~y. anythinp i~ s~~d p?omiuory note or in this Morcpaq~ ro tM contr~ry na~w;~hsu~d~npj and thNwpon or fher~~ha ~t tM option ot
utd MORTGACsEE, without norip w d~en~nd, svit at I~w a in pvity, ti+er~fwe a th~reaiter be9un, may b~ p?os~c~ted u ff•N rnoe?ey~ ~r~d Mr~by
Md m~tW~d pri0~ fo ib iMfitvtion. .
7. That In tM ~v~nt that a1 ti~ b~inesinp of w ~t ~ny tirrw p~nd~~ +ny suit vpon rhis Morpap~, or to fw~doN Ib o? to r~fonn Tt, o? to ~nforq
paym~nt of My cl~ims hNwoder. s~;d N1pRTGAGEE sMll appty to tM Court hsvinp jur~sdK~:on ~Mr~of fo~ tM ~ppantm~nt of ~ R~ivK. wch Cwirt ah~tl
f«thwirh appoiM a nc~iv~r of said mortpap~d propnty •II and ~irg~l~r. inctud~ny •11 and ~~nyut~r tM tnmme, profits, 4aws ~nd rownwf frpn wMt~vK
wurc~ dKiv~d, ~ach ind ~wry of wh;ch,, it beirq exprsuly undK~~ood. is haeby matq~~d h if tpeci(iu~~y wt fonh ~~d dauibd N tM prantinp a+d
nabend~rm clausas 1+Kwi. ~nd such Rec~1Y~r aMl1 haw +II tM bro~d and eifecr~vs funct:au ~f1d pOwM If1 tflyWiN MffVlt~ Gdi~t.t0 ~ RKlIvK. ~nd
•uch ~ppoin:en~nf shaii bs mad~ by such Covrr u a~ ~nined puiy and a matter of a~wlut~ ripht ro wid MORiGAGEE, w~d wifAout nferer~ ro tM
adpu~cy o~ in~deqwty of thf wlw of ~ht p~opay mortpped or to the w~venty or ~niol~~ncy o( uid MORiGAGOR a t!w def~nd~nt~, u~d that ~~cl~ +
renrs, pro(iti, income, is~u~s and r~v~nws ~MII b~ applied by tuch R~ce~va accord~np ~o tM lkn w~quity of uid MORTGAGEE ~nd the practic~ of wch
Cowf. -
8. To dvfy, promptly snd fvlly perfoem, diuha.9e. execut~. eff~ct. comp~ete, compty wifh and +bid~ by ~ad~ and rwry th~ stipulations, ayrs~nq.
conditian and cwenants ~n u+d p~omiisay nor~ arid fh~s mortpsq~ ~et fwth. ~
9. TF~t in tM evem fhe ownenhip o~ tM morty~~~d premiies, or +nY pan thereof,_ become~ vht~d in • p~rwn other than th~ MORTGAGOR, th~
M.ORTGAGEE, ira succesa«i and ~s~pn~, may, wi~hout noric~ to fhs NtORTGAOR, deal with auch tucctstw or suwswr in u+t~rat with r~f~r~ncs ro thi~
mort9age and tM debt hereby secur~d in the ~un~ manner a~ v~r;th Mortyapor wifhou~ 1n sny war v~ti~ti~p or disclwp~np tM Morrp~pon' li~bilitp har
under or upon tM deb~ hcr~by s~cu~~d. No al~ of th~ F~em~~e~ Aereby mortgs~ed ~nd no fwb~iwnu on tM put of ths MORTGAGEE or it~ ~ucu~son
or assigns •nd no eat~nsion os tFK Yve» fw tFu p~ym~nt of th~ d~bt her~by ucured pFven by the MORTG/1GEE or ib ~ucpswra w auiQos, ~11 op~r~t~
ro r~l~ase, d~scharye, mo~~fy chanp~ w sfiect tM oriy~nal li~b:t~ty of ehe NVpRiGAGOR Mrti1, sithK in whol~ or in parl.
10_ It i~ sp~c7ficdiy ay.eed tM1 time ii of tM esse~ce of ~his comr~ct and that no waivet of u~y obiyation he~~r a of th~ oblipation sr
cur~d h~rtby shall at sny eim~ rAtreaher b~ held to ba • waiver of th~ hrms herwf a Of tlf~ lnstrument Ncurt~ hKby.
11_ I~ add~~ia~ ro ~he fwe9o:ng monthly psymenh of prir+c'p~t end interese re~,'ued by the p~omiawry r,ort ~ecured hertby, mortyapor cw~nanfs
and sprees to pay to mortssyee with esch momhty paymem u+ add~rional sum es~imaled by mortpape~ to be pual to 1/12 of ~he annud cost of th~ follow-
ing:
A-A!1 reat properry tsxes kyled a asseased apatnst the abov~ descritied rea! e~tate. '
B-Premiu~++s on f~re snd winds!orm insurar.ct a~ herein requued to be c~rried on ihe improvemeMi f~twt~ on th~ ~bovs destribed prtrttitq.
C-Premiums on such nwtt~aye gwranty Insura~,te as mortgsqee shall from t;me to time deert~ fit to drry on th~ loan secur~d hNeby.
Mortysp~e shaN frun ~im~ to t~me no~ify mo.tga~w in writ~np of tFw amovnt dus ,nd "pay~bls hereunder and sucl? aum ~hall therwpon b~ dw and
pevable on th~ due da!e'of rh~ na,~t month:y payment and e~ch succ~ssive month there~fter ur,til mortgapee shaN notify mortp~qor of • thsnp~ in such
a~+ount. S~ch suma shali b~ apptied by mort9a9ee toward the paymenf of re~t pro~rty taxet, insu~anct 'prem:umi, and mwtqa9e puusnty inwranc~ ;
pr!miums. y . . `
~ IN W~TNESS WHEREOF, tiu ia~d MORTGAGOR h~s F~~~s! ~hiL'~~~e~d ual the d~y ~nd year li.sf ~fortsaid. ~
a1«i a~d ~n TM pr of: t,py: -=;'qaS BAC C~JS GIiPRIS ~ OORPORA?BO =
` CLE}'R ~•:,:~J~' LOURT gY.:~ ~.t ~ ~
_:^~~~n~f= ~ ~•Y er C . ~U ~ en ~
I . ' : - ~ - :
AtR 1`~ 9 59 an'~6 *;~~n= :
~ J "~f0 .'r, • ~Lfl\ !
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- C•-' 'n~._....~
STATE OF FLORIDA ~ COUNTY OF ST. LUCIE
t
1 HHtEBY CERTIFY, That on this day of_ AP=il , A. D. 19
~~~;;:;:,t~ ~
~ y P~ Frederick B.
before me rsonall a ared G~SQ _
respectively as President _ 9~0f~C , pf
~ Backus Ent~rptises, Incorporated Florida - ~ ~ ,
~ a Corporation, fo me, ~
known to be the person deur~bed in and who executed ti~e fo~egoing instrument and acknow~gAd~t~"exe= i
cution thereof to be his ;ree act and deed as such officer . for the uses and purposes therein mentionei[~'~e~d_tM~af r~e; ~
affixed thereto the official seal of said corporation, and the said instrument is the act and deed af,~~ cotp~atiixt_ =
WITNESS m hand and official seal at Fort Pierce ~Lr-~-~~ ~ ~
y said county and state:: - ~ ~ ` , ~ . ~ ~
This instYUaent prepared by ~ ~~~,1.~/, . ;
Rober-t A. Swisher-, Jr . ; ' ;
F irat Rederal Savings and Loan Assoc. Notary Public, in a or ate and County afosQ~eii{.,,,.,~,..•~'~ ~
o.f FoZt Pit7[Ce~ FloZida. My Commission Expires: New~? rr,Wk, s~ of p,.~d~, ~
Mr Ga~nwrs~on Fxp:.n Jvir 1?, 1l7~ 3
iMded br Mrrkw. f'u• i Go~~ai~r CI~
Checked By ~
~ 251 PA~ 874 ~
. ~
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