HomeMy WebLinkAbout0877 ' ;
To pl~c~ and ca,~inuou~y kNp oo rM buiidinp~ ~aw a M.~~her vn,~H or? sa~d ~«d a~! on ~Il w~v~pn»nt and p~rwn~ly covN~d by tht~ n+ap~
p~. with dl pr.~n+ivms ~hrr~on pa+d in (uii, tin Inivranc~ ~n ~M uwa: tundard polky fam. in ~~ww app~owd btl tir bORTGIIGEE. ~nd wind~rom~
inwr~ c~ In th~ usual ~a~.d po~:cy fam. 4+ a ivm approv~d by rM MORTGAGEE, in wch cunpany w oon?~ni~a w tM MORTGAGEE ~
dir~ctt ~nd NI fin ~nd wand~a~~w i~uuru~c~ pO~iCN~ on ~nr ol aid bvild~rpa N+Y {ntN~~~ ~Mnln w put thawl, in tM ~pprpar~ ~wn ~foreNW a
in ucc~w ~Mrw/, sMll con~~in tM wual s~and~rd Mo~tpapN cbuN w such otM. ctauN as tM Maq+q~ rn+y rpv+~. endieq ' h~ loa v~ uid potE
ciN. Nch ~nd weryr. Wrabl~ a s~W MQRTGA3EE as in iro~re~t inay ~pp~u. ~nd ~ach ~nd ~wry tvcA pol+cY ~MII b~ p.ar•pty ~.9n~d ~nd dNivK~d te
~ny h~W by s~id MORTGnG:E ~t fwtlw~ Hcv~iry ~o ~a1d ~+wtpap~ d~bt. u+d. na I~u ~h~n ~M (10) day~ in adv~nc~ 01 ~M ~x~i~~tbn of kcA po~ky. ~e d~
I~vM ro NId MORTGAGEE ~ r~ur~l ti+Kwt. top~~h~r wi~A a ~~uipt f« ~M prani~r of avch ~aMwslJ w+d ~Mn ~hall b~ no fu~ a wind~ro~m M~wanu .
pl~c~d on ~ny of u;d bvild~np~, ~ny intK~st thw~u+ w part th~r~of, unt~u in the form w-+d w~~h tl+~ !ou pay,bb a~ ~for~s~id~ and in th~ ~vwit ~ny ~wn
of mon•y b.c«n•s p.yab~• u~d.? such polky a po1K~•. •.~d MOR1GAvEE ~hall Mve eM op~~a+ ro ~.c•~w anJ ~pph tM wm~ on ~ o~ tM 4~d~bt~d -
rwa Ncw~ hN~Dp o~ ro psrmit said MORTGAGORS to reuiv~ and uN i~ p any parl tiierw( tor ofher pu~po~~t, wilhovt tA~r~b/ wairi~q o~ Gnpair ~
in9 any p~~ty, lia~ w ripAt und~r or by vlrtw of this morsy~p~t u+d M+ da tvent fa~d MORTGAGORS ~hall for ~ny nawn i~il ~o kNp tM uW p~~N io ~
iniu~~d, w i~U a d~UvK pramp~ty ~ny of aid pot;u~s of inivrann ~o as~d MJRTGAGEE, a Eail promp~ly to pay fvlly any prpniwn tM~~for o~ In ~y r,~
rpp~ct bil ro p~riorm, d~sclw~, ~a~cut~, ~ff~ct, compl~t~. carnply with ~nd ~bid~ by this cov~nant, or any p~~~ Mr~of, ~aid MORTGAvEE m~y p~~a +~0
P+Y fw wch kau~anc~ a any pa.t tlwr~of w~tho~~ w~ivinp or •fiec~~nq any op~ion. liso. ~Vu+tY. w~fpF.~ w~dK a by virtw of tl3~ Mat~ap~. a~d tM • j';
full ~novm of sach ~nd fvNy wch paYment ~hall be im+n~dutdy dw ~~?d p~ysbl~ ~nd sh~Il b~ar Mta~st irom tM d~t~ thH~of until paid ~1 tM nN ol
niM pK CMfVm pN Mnum and toQalur-w~~h such i~t~rss~ iMll bc a~cured by th~ li~n o( th~s mwtpap~. .
To pamit, commlt w suffN no wu~~, knpa'umsnt w d~taioattc~ of ~~id p~opKty or ~ny p+A tMr~of. ~
3. To pay all aed sinputn cwts, charp~a and ~xpK+s~t, includinp a ~~aio~+abl~ ~norrsy'~ tN a~d cosn of ~batracts of titl~. incwr~d a p~W H ;
~ny tirn~ br ~a~d MORTGAGEf, b~cw~e a tn the ~v~nt of t!» failw~ on tM part of tM ~~Id MORTG/?GOR to dulY. wa*MM ~~t? P~a~ ~~+~4~ !
sxecvts: ~ff~cf. tompbt~. compfy w~th ~r~d ab:d~ by ~~ch and w~ry th~ st:pulations, ~pre~nts, cond:tioM. ~nd cown+nt~ of wid p~omiwwy nat~ ~nd tAM ;
mor~~+pe +nY cr ~i~hsr. and iaid cosn. ciwp~s ~nd ~xpNws. ~ach and ~v~.y. ~hall b~ imm~diat~ly dw +ed p+~yabl~t whetMr a nw tMn b~ notiu d~ '
msnd, a?~~mpf to collect a sui~ pe~dlr+pj ~nd ~Fw fuil amount of ~.ch u+d way s~ch payrt+~nt ~hatl bNr inttntt from Ih~ d~t~ thereof untii paW ~I th~ !
rate of nin~ p~r centum pK uu~um; and all ~aid ct~st~, charpn ~nd eap~nsss incu.~~d w paid, top~~h~r wuh suth int~rqt, sMl) b~ Ntu~~d by th~ li~n of thi~
mortyap~. .
6. T)wt 1~ tM ~wnt of any br~aeh of this Ahwtpa~~ w d~f~ult on tw p+A of /M IYWRTGAQOR, or (b) tn tM ~w~nt any of said ~wen of moMy
hersin nf~rr~d to b~ not prcmptly ~rid fully pa~d w:th;r? th~rry {30) d~ys M7c1 ~ftN th~ same av~rauy b~can~ dw ~nd pay~bl~, witho~t dKn+nd w nWict.
or (ey in th~ ~wnt eaeh ~ed way tM stiaular~ons, a9~Nm~nrs. cond~riens a~d eown+nn of ~tid pra*~iuory not~ u~d th:i matpp~ anr a sithK an nw
ivty, pomptly snd fvlly pNfwm~d. d~sch~rpcd, sxecut~d, effecr~d. complered, compt»d with and ~b~d~d by. tF~ in N~her or u~y t~ch ~wM IM s~id a~
prey~t~ wm mK?tioerd In uid pra~issory nat~ fh~n remainin9 unpaid. WifM If11Nf\t KUtNd, Nld atl :non~ys acvnd Mr~by. ~1+d1 beaaM dw and p~y-
ebte fwthwith, a rhsrwit~r, ~t th~ optan of said MORTGAGEE. ~t tuily ~~d ca~npl~t~ty ~i if •11 of th~ Nid w~nt of nwn~y wen oripindly atipv4t~d
~o be pald on s~eh day, snytAinp in s~:d promi~sory not~ w in 11?is Mor~pp~ ro tM tonrrary notwi~hie+ndinp; and tlwwpon or tMnshK at tM opt~on of
~a~d MORTGACsEE, wifhout naic~ a d~mand, suit ~t I~w w i~ pui~y, tMr~fcve or tMreaftN b~yvn. may b~ prow:W~d w if ~U moMrs Nound Iw~by
nad ma~ur~d prior to ~ts ir+inrv?an.
7. That in t!» went that at th~ b~qinnir~p of a at any tim~ pendinq ~ny suit upon fhis Mort~apt, w to fonclos~ it,- p b nform if, or fo entwp -
psymem of ~ny d~ims hawnd~r, said MORTGAGEE shalt apply to tM Cou~t ha~iny jur~idKtio~ tMrwf fa tM ~ppoentm~m of ~ R~taive~, wd~ Courf sMll
to~rhwirh ~ppOin) • ~KlivN OI NW mor~9ay~d property dl uid sirgvlar. Indud~np ~It and ainqular tM incon», profi», isswi and rrvenw~ f~om wh~twa
source dsrivsd, each and ~very of whKh, it be~q ~xpressly undas~ood, is her~by morrqaged a if sp~cliically ~tt fonh a+~d desaib~d in tM yr~ntinp ~nd
habendvm c~avua hertof, snd such Receiva shall luv~ •11 t}+~ b~o~d snd effecrive fund~ons ~nd powsrs in ~nywis~ ~struir~d by a Cou~t ro a R~taiva, u~d
•~ch ~ppointment aMll be made by svch Court an ~dm~fred ea~uiry and a rr~ne~ of absolut~ ripht to ssid N~ORTGAGEE, and w+tAou1 nfMrnce fo-~M
edequuy a inadpu~cy of tF+t va1u~ oi the p.operty mort9ayed or eo the soivency or inw~vsncy of uid 'VIORiGAGOR a th~ dehndants, and that •uch
re~rs, profi~s, income, iuues and ravenues shall be appi3ed by :uch Receiwr ~ccwd~np to ths iien or equity of ~aid MORTGAGEE and the pr~ctiq of such
Court. '
8. To duty, promptly and f~ity perfo•m, discharQq, ex~cute, effect, compkte, comply wGtb and abid~ by_ ~sth end wery tM stipvlations„ apr~em~nts,
condit'ans and covenanrs in sa~~ promis~ory no» and th~s mortp~ge stt fortli.
9. Th~t i~ the evenl the ewnerahip of the mw:~s9ed prem~ses, a ar.y part thereof, becomp wst~d i~ a parson otFwr then tM MORTGAGOR, th~
r~pRTGAGEE, iri sucussors ~nd ~sfipns, may, withovt notice !o the MORTGAOR, deal with ~uch fucctuor or suaessor in intereat wifh r~fe~~nce b ti?is
mo.tgsp~ and ~ye drbt h~eby sacur~din ~M ssme m~nne. ~s wirh Nlortpaqor_wi~hout. in any w~y vitiatirp a d'achar9~np th~ Nbrr9~yws' liability her?
under p upon tl~e debt hereby securrd. No !al~ of ihe pr~miscs he.eby mary~p~d ~nd no fwbeara~e on the p~n of ~M MORTGAGEE w iri waeswn
cr ~uiQns and no ~xt~nsian of -the time fo~ thi payment of the debr hereby setured p;ven by tM AhORTC?AGEE or its ~uccssson a augro. sh~ll operat~
to rel~as~, d~uhuyc, modify chan9e w affett Ihe ori~~nai liab;l~ty af :ne MORTGAi'sOR her~in, eitMr in wlwh or i~ put.
10. h is spectficatly ag~eed tMt time is of the esse++c~ of ehis cansract u~d that no waiver ol any oblipation hereu~wler ot oi tM oblip~tion w-
cursd h~reby shall n any time there~fter be hek! to be a•a~iYer of the terms hereof or of tiie instrum~nt secwed Mrby.
11. In ~dd;lio~ to Ihe fwcqo:ng mcnth!y paym~nts o~ prir.t'pai •nd interest required by Ihe promitsory note sr_ured hereby, motipsyar townanfs -
and agrees te pay to mortgagee v~ith esch month~y payment an add~~ional s~m estimared by mortypee to be eqwl ro 1/12 of tM aruwal twt of the follow-
~ny:
A-All real property taxes levied or assessed a9a~ st the abave deuribcd reaf estaM.
d-Pro:neums on fire snd vrLnds~orm insurar.ce as hcre:n reqv~red to be carricd on the improvements sifwte on th~ abore dtwibed premis~a. ~
's
C-Prem~ume on such morf~age gwranry inwuoce ai mor~y+yee shall from. t7me to Gme drem fq ro urry on the bsn. sscured lureby. ~
Nlwtyayee ;ha!! f.om rime to ~~me norify mortypor in writ~ny of the ~mount dw and p~y~b1~ htrwnd~r snd ~uch wm aMll t~AYq4~ b~ due and
~ayablt on tl~e dve dare of tha ne~et r.+onthty payment and e+cA successive month thrresfter until mwfysp~e shdl notify monpa40i' Ot ~ in such ;
i z^-.ounl. S.xh- sums aF.all be appiied by matgagee toward the payment of rral property taxes, insurance prtm~ums, and rrtw?p+$ =93ira tintWuK~
I p-emiums. ~ • ~ { .
! IN VIITNESS 111MFREOf, the ssid MORTGAGOR has hereu~to set his h~~d and seal the day~,d ear first afor ''r ~ 7•~•.~
kvrU
S~ned. Se I~d and deiiwred i the p~esenc~ of: f;L>G ~^Sv ftA_ BAC BNIERP~I_ ` 9.~ - •
ss. ~ti~~. . ,N ~.s BY' ~ Q =
,
; ; : -~:~7 Rrederick B.': se Pre ~ i
i L ' 1• r ~ ~ ~'y' ~ ~
~ ~ . . ~ .r-T.~Vilr~•• . ~
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~ _ _ ~ ' ~~~unr~~ (
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STATE OF FLORIDA COUNT't OF ST. LUCiE 33,~ ~
! HERE6Y CERTIFY, That on this ~ day of-- APri~ ~ , A.D. 1976 , ;
before me personafly appeared FYedetiCk B. Guhse '
resoectively as President , of -
Backus Eitterprises. Incorporated a_ Rlorida Corporation, to me
known to be the persor. described in and who executed the forego~ng instrumer~, and acknowledged the exe- i
cution thereof to be ~F.1: free act and deed as such officer for the uses and pursoses therein mentioned; and that he ~
f
affixed tFereto the official seal of said corporation, and the said instrument is the act and dee~ of said corporation.
WITNESS my hand and official seal at Fort Pierce said cuunty and state.
This instrusent prepared by ~ ~
Robert A. S*rishert Jr.
First Federal Savings and Loan Assaciatio ~ ~
of Fort Pi~rce, Florida ~lotary Public, in and ~ St te and County aforesaid.
RAy3C6mr~7ission Expires: Noio-r vr,•-~. „w~. ~f Ao.~do or tw~.
~
:~,~r'• . ~ ~ My Comw~:susn EYpires Jrl~r 1l77 ~ !
. =i~'r •.(~-.i~f-C ;C} -:r?~..' Mwd~d L~ AraF~ican F:~ i Cwvolry ~
Checked 6y - ~
- ~';::1 ~~`k. ~ -
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n~ , ~
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. 25i ~E BMIS ~ ~ v. . ~
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