HomeMy WebLinkAbout0697 s, To pl~ ~nd con~iououdy k~p on ~M bu~ld~Ry~ ~w~w w M?e~hM ~;twM or t~id I~nd a~d on ~II equ~p.n~m ~nd p~rw~~lly cov~nd by ~hi~ nartq-
p~. witA ~11 paniwns th~reon p~~d in (ull, G.~ in~u~anc• u~ iM vwd ~undud poticy lorm, ie ~•um •pprovtd by tM MOR?GAGEE. •nd w~nd~twn'?
irww~nn in ~M uiwl u~nd~~d po~Ky fam, in • sum approv~d by tM MORTGAGEE, ie wch c«np+^Y c~ cor^P+^~~~ ~M MORTGAGEE may
di~~ut ~nd ~11 fk~ ~nd w~a?m in~ur~nc~ pol~u~~ on any of Nid bNildifl0t~ My Ie1tN~~~ IMf~IN OI par? ~Fureof. in IM apprep~~~ wm ~fa~~a~d w~,
In ~acNS tMnof, ~11 contain tM ~fw1 sundud marap~ clau~ a such aMr c1a~.~ th~ Mo.tyape~ nuy rpu~r~. m~kir+p tM bu undK. u~d Pol6
dN. wch ~++d ~wry. p.r•bi. ro Nid MORTGAGEE ~s i1• in~~rest may ~pp~ar. and each ~od ~v~ry wch policy ~hall b~ p~on+p~ly ~u:yn~d and d~liv~r~d ~o .
anr Mld by uid MORTGAGEE a furthN i~cw~hr to wid mort9ap~ d~bt, +~+d. ~w I~s~ than tM l10) days in +d++~c~ ot ~M •xpi.ation of ~ach policy, ro da ,
liv~ to wid MORTGAGEE • ren~wal ~M~w(, toy~~M. wi~h • nc~tpt for ~M preinium of ~uch r~n~w~l; ~nd ~h~n sh~ll b~ no f~r• or wlnd~~am itiwanc~
plK~d on My of Hid buildinpf. ~ny [nrtrtN tMr~:n or put tMrwf, unl~u In tf+~ (Mm ~nd with ~M los~ paY~bl~ •(or~~aid: ~~+d in tM •v~nt •ny ~un+
of mon~y b~can~~ payaW~ unda wch policy o~ polici~s Nid MORTGAGEE ~MII Mv~ tM ap!:on to ~~ctiv~ and ~pply tM um~ on ~ctouro of tM ind~b?ed~
~s wcw~d M~~by a ro p~rmit aid MORTGAGORS to receiw ~nd uN H a~ny pu~ ~hereof 1w o~he~ purposet, wnho~> >he~ebr w+~~~~~ a~mP+~r-
Inp ~ny pu;y, It~n or ripht uedM a by vir~w of th~s mortypr, ~nd in tM ~v~n~ ~a~d MORiGAGORS thall fa any ~~~son Ail ~o ke~p tM ?~~d p~~mi~e~ w
fnwr~d, a(•il b d~livM promptly ~ny of uid polKies o1 iniuranc~ to u~d MORTGAGEE, w fail promp~ly to pay fully any prlm~um ~herafa w i~ anY
r~~p~ct f~ll 10. p~rform, diuhuqe, ~xKUte, ~ffM, compl~t~, comply with ~nd ~bid~ by 1h~s covenanr, a+ny part he~wl, sa~d MORiGAGEE m~y pl~c~ •nd
p~Y fa ~uch Insura.x~ w~ny part tA~rwf w~thout w~ivinp w~ff~inp any option. U~n, pu~ty. w riyht unde? a by virtue ol this Mwt9a9e. and the
/Ifll'~movnt of ~ach ~nd ~vay ~uch paym~+t ~MII be imm~diat~ly dw ~nd p~y~~1~ •nd f1+~11 be~~ i~t~r~~t from tM daN tlKreof uneil paid ~t ~M ~at~ of
nin~ p~r t~ntum pN ~nnum and togHher with suc~ interesr sh~{i be ~ecured by tM ti~n of ~hi~ mwtp~p~.
1. To pumi~, commit ot wffe? no w~stt, fmp+irment w d~terwrNia? of ~aid prop~rty or any part the?eof.
S. Tp pay ~11 ~nd sinpulu tM co~ti, ch~rqe~ ~+~d •:penses, includinp • r~~ion~bl~ +ttw~ey i fe~ u+d co~ts of ab~tract• of title, inc~rr~d or p~id a~
~~y tim~ by Nid AM1ORTGAGEE, b~uvs~ a in tM ~vem of ~M failur~ on tht pa~t of tM a~id MORTGAGOR ~o duly, promptly ~nd fully perform, d~uMrge.
•a~tut~. ~fftct. compleq. eomply wrth and ab~dt by ~~ch •nd wery tM ~tipul~~~a+~. pre+m~nt~. cw~ditlau. ~nd cov~nams ot ~ad prom~iswy noe~ ~nd thi~
mortpp~ ~ny w~i~A~~, aod w~d co~h, cMr~M ~nd eap~nses, e~ch ~nd ~v~ry, ih~ll b~ immediaaly dw snd pay~bls: wheth~? or no~ rMr~ b~ not1c~ de
es~and, ~tt~mpt ro cNNct a wIt p~+~din9: u~d tM fu11 ~moun~ of e~ch ~nd we?y ~uch paymem ~haU bear i~r~r~q (rom the dere thereof untit p~id ~f the
rat~ of n:n~ p~r t~ntum p~r ~nnum; an.~ +II t~id tostf, charges and eYpe~~ea incurrad a paid, tog~ther w~th sucA intHest, ~hall b~ sscur~d by tM liet? ol thi~
.:~ptpp~.
6. That in ti+~ ~v~nf of any bnach of th~s Mortg~y~ w d~fault on tFr part of the MORTGAGOR, w(b) in the ~vent ~ny ot N~d sumt of mo~+ey
hNel~ ref~rr~d Io b~ not promptly ~nd fully p~id wi~hin th~rty (30) days nex~ after the same tev~rally become due and pay~bl~, withou~ d~m~nd o? notice.
or (c) fn tM ~vtnt ~~ch ~nd ~v~ry tM stipul~tiuu. ~grqmtnt~. conR~io~~ and townann of sa~d p~omiuory not~ •nd tA~s mor~ype any a~~ther u~ not
lv1y, p~omptly and (ully pNfwmed. d~xMrqcd. executed. effecfed. ca*~pl~red, compfi~d wit~ and •bided by. fh~n i~ e~ther w•ny iucA ~wM tl+~ wd ag
prp~t~ wm m~nrion~d in said promi~wry nore thtn rem~inin~ u~id. with int~r~st ~cuwd. ~nd a11 money~ t~tur~d herebY. ih+ll b~tomt dw ~nd pay-
~bN falAwitA, a rA~r~~hN. ~t tht opt~on of said MORTGAGEE, ~s fully and compl~t~ly u if •11 of the w~d ~ums of mon~y we?t aginally u~pul~ted
to b~ p+~d a+ such day, anyfhirq in s~;d prom~~swy note w in thia Mortp~9~ to tM co+~uary notwiihirand~rg; and therwpon or thereaha a~ tM opnon of
said MORT6AGEE, without no+ic~ a dtm~nd, ~uit at law or in puity, tMr~fa~ w tMr~af~K beyun, may be prosecuted ~s if all mawyf s~cured hKeby
had matured prar to it~ irafitutan.
7. TM~ in tFK rr~nt th~t ~t rhe beginn~ng of a ~t any fim~ pendirp •ny svit vpon thts Morry~y~, w to faeclo~~ lt, or to r~fo.m it, a to ~nforc~
paym~nt of ~ny claims Mr~und~r, uid MORTGAGEE shafl ~pply fo tM Cour~ havinp jurladictio~ ther~of for tM •ppo:ntment.of • Rec~iwr, wch CouM shall
Forthwfth ~ppoiM a nt~iv~r of t~id mwtpp~d p?operty •II •nd ~inpul~r, includ~ny •fl ~nd sinqular th~ incorr~, prof~ri. is~uta ~nd rtv~nue~ (ran wh~tever
wura d~rivtd, ~atA ~nd ~v~ry of which, it beinp expret~~y und~r~tood, i~ Mrtby mor~y~ged st if ~pet~fic~Ily Nt fath and desttib~d in tM pr~nrirp ~nd
MbN+dwn clawe~ l+K~, ~~d ~uch Rec~iv~r ~Full Mve ~II ~he bwd ~nd effectiva funcr;ons •nd powera irt ~nyw~ts cntruated by • Court ro• Rec~iver, •nd
wch ~ppoin~re»nt i1+~11 b~ mad~ by ~uch Cou.f ~s ~n admitred equity ~nd • rrwtar of •bsolu~~ r~qht to uid MORTGAGEE, a~d witAou? refer~nc~ ro tM
~dpuacy w I~~dpuMr of tl+~ valw of tM prop~rry mw~pa9ed or to rhe sotv~ncy or ~~so~v~ncy of ~aid MORTGAGOR or tM d~tendants, ~nd rMt such
r~nt~, profiU, Intom~, isawt ~nd nv~nw~ ~R~II b~ •pplied by such R~c~iv~r ~ccord~np to ti» li~n a ~quity of uid MORTGAGEE u?d tM practit~ of ~uch
C,wirl.
To duty, pranptly ~nd fvlly p~rfom?, ditcMrp~, ex~eut~, ~ff~et, eompl~t~, eomply with •e~d ~bid~ by ~aeh ~nd ~vtry tM ttlpul~tioni. ~prNrr»nn,
condit{pns ~nd cov~rnnt~ in u~d promiuo?y not~ ~nd tA~a mortpay~ ~N fath.
9. TMt In tM w~nt tM own~nhip of th~ mortp~y~d pr~miNS, or ~ny p~n tMrwf, b~com~s vwt~d In • p~non otMr th~n tM MORTGAGOR, tM
MORTGAGEE, Na wtttuon +nd auipna, may, wishaut notict to tM MORTGAOR, de~l with •uth tutceawr w sucte~wr in int~r~~t with r~ltr~nu to this
mortpp~ ~nd tM d~bf hN~by s~cw~d in tM ~sm~ m~nn~r with Mortp~por without in ~ny way viti~llnp o~ discha~ginp fl+~ N~wt9por~' li~bility h~r~-
ur~r w upon tl» d~bt hNtby wcweA. No salt of th~ pr~miNS 1+~?~by mortyp~d ~nd ~o forb~annp on tF+~ p~rt of tM MORTGAGEE w Iri wa~uon
cr aslqrw ~nd no ~x~~mlon of tM tirrN fo. tM p~ym~m oi th~ d~bt M.~by ~~cur~d ptwn by tM MORTGAGEE or it~ ~uca~wn w au~yrn, ~hall opa~t~
?o rN~u~, di~charp~, modify chanpa o. •ff~ct rM orip~nal Ii~b~I~ty of tM MORTCsAGOR Mnin, ~1tM? i~ whol~ or In p~rt.
'f 10. It b~p~c~fkdly pr~ed ~h» drrN i~ of rh~ eaNnc~ of thi~ contr~a and tMt no wdwr of any oblip~r~on hK~ued~? or of tM obllp~tion s~-
cur~d M~~by ~MII ~t any tlm~ rhtreah~? b~ hdd to be • waiv~r of tM t~rrrw Mrwf q of tM Insfrum~nt a~cu~~d Mrby.
~ 11. In add~tlon to th~ (wpo:ng r*~onthlY paYmenrs of princ'p~l ~nd Int~r~~t r~quir~d by tM p?omi~~ory not~ secur~d Mr~by, mortpapo~ cov~~ants
' ~nd pnc~ to pay to mohp~y~~ w~~h ~ach monthly p~ym~nt ~n ~dd~~~on~l ~um ~ttim~t~d by mo?t0ps~ to b~ ~qual to 1/12 of tM ~nnu~l cwt of tM follow-
s irq:
¢ A-All re~l prop~rry taxes I~v~ed o~ •ues~ed •ga;~~t fhe abov~ d~acribed ?e~~ ~~t~t~.
~ 6-Prem~ums on fir• ~nd windstorm infur~nc~ as here~n ?equ~red to b~ c~n~ed on the tmprov~msn!~ •itu~te on the ~bove described pr~miaN.
C-Premium• on s~th mortg~ye yusr~nry insu~ar,c~ •f mo.ty~Qe~ ahall from t~m~ ro time de~m fit to c~rry on the Iwn secured h~reby.
~ 1Nortysp~e ~h~ll from time to tima not~fy mortg+yor in writinp af tM amount du~ ~nd pay~Dl~ Mrtue~de~ •nd ~vch sum shall therwpw~ bs dw ~nd
g payabl~ on tt~e dve date of th~ nexr mo~+hly payment ~nd each succeniv~ month thereaft~r v~til mortQayee ~hail notify mortyagw of a chanp~ in suth
~s, amoum. Such wma ihat~ t» appl~ed by mortyagee toward the paynunt of rtal property t~:~~, insur~nc~ prem~ums, and matg~9e pv~~a~, jeuw~ac~
3 P~tmivm~. . - -
' IN WIINE55 WMEREOf, th~ ~sid MORTG~GOR h~t `•._q_~Y' y~~`~a Oit~ wd N?~ da • ar fint ~for~ ~d.
r r„~ !?7~Y"~CV~ ~ ~ r-~
~ s~~„d s.,~.a .,,d d.u~.,.d P?...M. of: ST_ WCIE COUMT~ fU~PETFR S i. G ?1~C or
at ior
IiOGER P01TaAS ~ .
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j CIERK CIRCUIT COURT pE,t~,r ~ ea[?211~~, r~
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~TATE OF FLORIDA COUNTY OF ST. LUCIE
~ I NEREBY CERTIFY, That on this ___lnth _ day of___.__January A.D. 19 ~g ,
~ Pc~ter A;. L~~a^~int, '
before me personally appeared -
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yY~ . , . _
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~ respectiveiY President acad~---- ~~9'~ - . ~ , of
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PBTER i'. L!'s,A,~;I?~G, itiC. f~loric~~ -
- - - - - - a-- - - - - - - ~ " Cdrpora~ion~ to me -
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known to be the persons described ~n and who executed the foregoing instrumert, and severally ackn~wledged the exe-
cution thereof to be their free act ar.d deed as such off:cers for the uses and pursoses therein mentiqnQd; ar~d~ that fhcy
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- affixed thereto the official seal of sa~d corporation, and the said instrument is the act and deed~ o~ s.~id cQ@poration.
_ WITNESS my hand and official seal at Fort Pierce said c~unty and state.
Thi s Instrument ~reE~<~r~c~ by 2ick Teet s
" i~ I RjT FEDERAI. SAV I;~GS E L,OA : AS ~OC IA- , y~ ' _
; IO\ OF FORT PIERCE Notary Publ~c, in~nd=for State and County aforesaid.
I~ort F'i~rce, Florida 33450 My Cor:mission Expires: Notu~? p~,~K, S~te of Flor;d~ ~t ~irq~.
My Commnsi~n Erpira
n f.. a ~9- 3`0.~1480
`=:s
- rurr r~v~~ , nv~we JJ'~Jv
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~ Chec~ted By - 3~kx280 ~A~E s95
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