HomeMy WebLinkAbout0252 To pl~c~ a~d cominuou~ly ke~p on ~M b~~fd~r~• ~ow o~ MrcaftN ~~w~t~ or •~id I~nd ~nd on •II equipment •nd pe~so~~lly cowrtd by ~hi~ nw~~q~
witA ~11 pr~mivm~ Ihtrwn p~~d in lull, fir~ inw~~nce m tAs u~wl •Nrd~rd poticy lorm, in ~ wm approwd by tM MOR~GAGEE, •~d w~~~am
Nwrn~c~ In rM v~wl u~nda~d pol~cy lam, i~ • ~um ~pprov~d by ~M N10RTC~AGEE~ in ~ucA compa~y or compan~N as ~M MOR/GAGEE ~n~y
dkKtj ~nd ~11 H~~ and wind~~orm in.su~a~c~ pol~cie~ on •ny of Nid bvild~np~. ~ny int~r~~l the~~in or p~rl ~h~rwt, in tF+~ ayyrey~~~ ~um ~fp~~aid a
In ~apu th~rwf, ~hall contain tM uswl sunda~d ma~yapN d~u?~ w~uch otF~ dsus~ ~i tM Maiya9N may rpu~r~. m~linq tM los~ unda u~d po1F ~
ti„. ~ach ae~d ~w~y. p~Yabl~ a uid MORTGAGEE as ~t~ int~rt~l m~y ~p(»a~, a~d eath ~nd we?y such poi~cy fhall b~ promptly ~~t yned and d~livNed ~o .
~ey Mld by wid MORTGAGEE a funMr iecwity to said mon9~~ d~bt, ~nd, nw ka ?Mn r~e (10) d~yf in ~dvance oi ~ht •xpir~tion of ~ach polity, lo d~- •
IIvN to aid MORTGAGEE ~ r~r+ew+l tM~wf, tope~hN w~th • nceipt 4or tM p~~mium of ~ucA ~~Mw~l; ~nd ~h~r~ ~hall bs no f~~~ o? wind~~am inwr~e~c~ .
pl~c~d On a~y oi s~id buitdinp~. ~ny intere~t fher~~n a p~~t tMr~of, unleu in 1M form ~nd wilA ~M lou payable ~s a(a~s~idr ~nd in tM •v~nt any ~urn
of mon~y becornq pay~bl~ u~der such policy a pol~u~s uid MORTGAGEE ~A~II MV~ IIN Op1ip11 10 fKf~V~ and •pply ~h~ ~ame on ~ccoun~ of ~M ind~bted~
MN Mtw~d hn~by w w pamil said MORTGAGORS to receiv~ ~nd u~~ it p any par~ thereof fa o~hcr purposes, w~~hout th~.eb~ wai~~~~9 0~ ~mpair-
inp ~ny p~iry, li~n or rpht und~r w by virw~ 01 Ihi~ mwtpa9r, +nd in 1ia ~vent sa~d MORTCsAGORS ~h~ll fw ~ny reawn (ail 1o ke~p tM said pr~mi~es io
Imur~d, or 1~it to d~~~wr promplly ~ny of ia~d polK~es o} iruv~u+c~ to ~a~d MORTGAGEE, o~ tail p~ompNy to pay futly ~ny premium the.elw w in any •
r~~p~ct f~il to pafam, d;ulur~s, ~xecues, ~ff~cf, complets, compty wiih a~d ~bid~ by th~i coven~nt, o. any par~ hareof, said MORTGAGEE may p~+c~ +nd
p~Y fw ~uch tnwranc~ a~ny part tM~eof without w~ivi~+p a~ffectirq ~ny option, liee?, pu~ty. or riyht under or by virtue of ehis Mortqaye. ~nd tFK °
fuH ~mo~rnt of ~~ch a~d ~very ~ucl+ p~yment ~MI! b~ imm~d~u~ly dw +nd pay+bl~ •nd iha11 bear int~r~~t from tM d~» therwf vmil paid ~t th~ r~t~ 01'
nin~ p~r ce~+rum pK arw+um ~nd foge~he. wlth such interest shall be secu~ed by th~ lien of this morty~.
4. To pamit, tomrtdt or suff~r no w+sN, imp~irment w deteriwatia? of said proptrty ot ~ny part therwf.
S. To pay dl a~d slnpulw t!» coui, cMrqes +nd expenus, ~ncludinp a r~~sonabl~ ~ttwney i fee ~nd co~~• o~ ab~vacts of titls, incurred o~ pa~d at
a~y tGn~ by uid MORTGAGEE, b~c+us~ or in tM ev~nf of tM f~ilun on tM part of tM i~id MORTGAGOR ~o duly, promptly ~nd fully p~rtam, d~xh+rg~.
•:tcut~. ~ffM. compleq. aomplY w~th and ab~d~ by ~ach and avNy tM n~pula~wns, preem~nn, cond~~~on~. •nd covnaen o/ s.~d p.om~sw.y no!~ ~nd thi~
mortyp~ ~ny or ~ithN. ~nd aid cosb. charq~s ~nd eapense+. e+ch and ~wry. ahall be immediatety dus •nd pay~bl~: whether a not tMr• b~ no~ic~ dr
mand, nr~mp~ ro cdl~cl a wit p~nd~np; ~~+d rhs full amoum of ~ach •nd w~ry ~uth paymcM ~hall bear inrens~ from ~he d~re ti+erwf un~il paid ~t ~he
rne of nin~ p~r c~ntum p~r an~wm; ~nd ~11 ~tid cosri, chuges and txpe~~ea ~ncurred a paid, toga~he~ w~th such int~r~st, sMll bt ucu~ed by tM li~e~ ol this -
^wrtp+W .
6. That (a) in tM ~v~~t of any beach of Mis Mortqayt o? default on tM part oi the MORTGAGOR, or (b) in the ever+t ~ny of ~aid ~wns of money
h~r~ln r~fNr~d to b~ not promptly and fully p~id w~~hin th~rty (30) d~y~ ~ex~ ~fte? the sam~ s~ver~lly become dw •nd payable. wi~hou~ dem+nd a notice.
or in tM evem ~xh ~nd twry tM ~tipulatio~i, ~gre+me~r~, coneition~ and cov~n~nn of u~d p~om~twry note and th~• mortq~ge ~ny w ~ither ~r~ not
iufy, prompdy a~d fullY pKform~d. d~xMr~ed. ~,eecuted. ef(ected. completed, compl~ed wifh and ~b~ded 5y. tM~ in e~~her a~ny wch ~wnt tl» s~~d ~g
prp~» wm mentia»d in said promiuwy nor~ then remainir+p unp~id. with inrer~it ~cuwd. N+d all mon~ys ~etu~ed hereby. sMll betom~ dw ~nd pay-
~bl~ fptl~with, w 1MtNffH, at tM option of said MORTGAGfE, fully •nd canptete~y if all of ths s~id sumi of money wer~ ai~inally ttipultled
ro b~ pa7d on ~~rch day. ~nythinp En Htd promiiswy note a in thi~ Morty~9~ ro th~ co~t~~ry notwithitinding; and thereupon w thereafte~ ~t tM op+~on of
wid MORTGAGEE, without no~ic~ w demand, auit at, law w in pvity, ther~for~ a fAHf~~1N bcpun, may be prosecu~cd if all mon~ys s~cur~d haeby
had mdured prwr ~o ~n 1nu~rwion.
7. Th~t in tM wsnt th~t at ~M begin~~nq of or ~t ~ny time pendirg ~ny suit upon th~i Ntortgage, or to fo.eclos~ tt, w ro rofwm it, w to e~fwa
paym~M of any d~ims Mre~rnder, said MORTGAGFE shall ~pply to tM Court Mvieq jurisd~ttion thersof fa th~ ~ppointment of a Rec~iver, ~uch GouA sMll
Fathwtth ~ppoint •?~uivK af ~~id mwtpap~d property ~II ~nd sirqular, includ+np •11 ~nd singul~r tht incom~. prof~b. is~wt and ~~vtnuea from wh~tever
wurc~ d~riv~d. ~~ch ~nd ~vsry of wh~ch. i~ beinp expreaty ~nd~r~rood. i~ h~r~by mwtg~ged u if ~peufic~tly ut fa~h and dewib~d in tM yr~ntinp a~d
Mb~ndum cl~v~ef Mr~of, and ~uch Ra~i~er ~ha11 have all the broad ~nd ~ffective func?~ons ~nd powen in ~nywi~e entruited by ~ Cant to • Rec~iwr, ~nd
~uch ~ppointrtwnt ah~ll b~ mad~ by such Court ai ~n ~dmirted cqvity ~nd • rryttt? of absolute riyht ro s~id MORTGAGEE, ~nd witAovl refer~nc~ ro tM
~dpu~cy a Inadequ~cy of tM valw of tM p?operty mortp~9ed or ~o the sotv~ncy a~nsolvency of a~id MORTGAGOR a tM d~f~ndants. ~nd that avch
r~m~, profi», incom~, iuw~ ~nd r~v~nv~~ aMll b~ app?ied by ~uch Raeiwr ~cco~den~ to tM li~n w puity of a~id MORTGAGEE ~nd th~ pr~diu of wch
Court.
S. To duly, pr«nptly ~nd fully perform, d~~charp~, ex~cut~, ~ffect, compl~t~, comply wtth •nd ~bid~ by wch ~nd ~wry tM ~ttpulafions, pr~rrKn», -
conditiar M?d cov~nt~ ~n wid promis~ory nor~ ~nd ~hls mwt9~q~ ~~t fwth. -
9. tlut In tM w~m tM owmnhip of tF+~ mortya9~d premi~t~, w any pan therwf, becom~~ wu~d tn ~ p~non oth~r tMn ifw MORTGAGOR. th~
MOIlTGA6EE, In sucuwon and a~~iQru, may, w~fhou~ norrce to rM MORTGAOR, dsal w~fl+ ~uch ~ucc~ua or ~ucceawr ~n inten~t with rtfer~nu ~o thN
mortpp~ u~d tM d~W Iw~~by Nc~r~d in tM s~m~ manner a~ with MortyayW without In ~ny w~y viti~tlnp a ditchar~iny tM Mwtypws' ~iability Mr?
vnd~r or ~pon IIr d~bt Mr~by Ntwtd. No sal~ of the prtmiN~ Aenby morty~p~d ~nd no fwb~ar~nu en ~h~ p~n of tM MORTGAGEE or It~ tua~uors
w aslprn ~nd no ~xNeulon of rF» rlen~ fw iM payrr~m of th~ d~bf h~r~by ~~eund ptwn by tM MORTGAGEE o. it~ .~veauon a~ulpro, aMll op~r~b
~o nl~uu~, dacMrQ~, modi}y cMnp~ or ~H~ct rM aip~nat li•b~liry of tM MORTGAGOR Mr~in, ~itMr in wlwl~ w M part.
10. It b rp~cifiu~ly pned tfiat tkn~ ia oi th~ esa~nc~ of thh ca+tr+ct ~nd that ra w~fwr of any oblq~tion Mr~uad~r o~ of tM obl~p~rlon s~-
a,r~d Iwr~bp aMll n~~ryr tim~ tMr~ah~r b~ Mld to b~ ~ waiv~r oi tM t~ma Mnof a of tM Imtruen~m s~evr~d Mrby.
11. In ~dditlon to th~ fapo:np monthly paymenq of princ p~I a~d int~r~~t rpuind by tM promi~wry not~ ~ecvnd h~r~by, mwtypw cownant~
~nd prN~ to pay to mortypN with ~~ch monthiy paym~nf an add~~an~l ~um ~~tim~t~d by mwtppe~ to b~ pual ro 1/12 of ths ~nnu~l tpt of tM follow-
A-All r~al prop~rty ts:e~ (~v~ed or a~u~sed ~ga~~~t the abov~ d~ac.~bed re~t ~tt~t~.
6-Pr~miwrn on fi~~ snd wind~rorm ie~ur~nu Iw~o~n requ;red to b~ urricd on the improv~nri ~iru~t~ on tM sbo~s de~cribed premis~s.
C-Premium~ on tuch mat~sye yuaranty insur~r,c~ •s mo.tgapee ~hall from t~me to t~me deem fit to c~rry on the ban iecured h~reby.
MortppN ~hall from tim~ to tirtw notify mort9~yor in writ~np of th~ •mount du~ ~nd p~y~W~ hw~under ~nd such ~um iMll tMrwpon be dw ~nd
p+y~bl~ on tM dw d~t~ of th~ next monthly p~yment ~nd e~ch ~ucc~s~iv~ month, there~fter u~til mortp~gee ~hatl notlfy mortpagor of a chanp~ io such
~ •mount. Such w~+u ~hall b~ applied by mo?tpayee toward the p~ym~nt of real property ta:e~, inwanu prcm:ums, and matgape puaranty inw?~nn
premlum~. ' •
i IN WITNESS WMEREOf, tM ~a+d MORTGAGOR ha~ hereunto ~et his hand ~nd ~e~l tM d~y ~nd y~+~ fint ~for~said.
` Slpiwd. S~sl~d ~nd d~livNad In th~ pr~s~nc~ of: 1' E ~ ~ •
~ ctiu+l=y F° ' ~ G'- K o
,
' - ~f. ~ ;.r.~-gR5 , ~ ert C. Le ~
_
~ , : • ~ ,
g c n
~ ce R. Le s s w fe
1 3 '~g ~
~ STATE OF FLORIDA 2 5~~~
St Lucie ~ ~
counn oF • -
s.fo.• m.-p...o~.uy .Pp~.na Robert C. Le~ris •ti~lq~~~2 .~d
Jil1~C@ R. I.~K~S hl~ wlf~, ro n» vwll known ~nd krwwn to nr to b~
tM Indivldwls dawib~d 1n and who ~x~cut~d tM fwpoirp Irutrum~r?t. ~nd ~cknowl~dp~d b~fon m~ tMt tMy ~x~cuhd ths ~snw for tM purpa~a
tMr~In ~xprNwd. And tM NN Jaz1iCe R. Let~lis
~ w~r. oi H+. ..Id Robert C. Lexis i,pa, ...p...» .na pr+v.+.
~x~mfeatton by nw bk«+ wpo~t~ ~nd ~part fiom Mr Nid husband. ~eknowl~dp~d ro~nd i»fon m~ tMt sM ~:~evt~d wId Irwtrum~eit 6NIr ~nd volvo-
~ ?~ri1y ~ without ~ny canpui~fon, constr~l~t, ~ppr~h~m;on, or f~ar of or i?an h~r safd Ausb~nd.
~ WITNESS my Mnd ~nd offkl~t w~l tht~ ~~~/1 [~L d~y ~ Harch A. . 19 78
~ ~
, ~.LG'~1.! .~v ~ ~ ~i,. v
~ --~Nw•ry Publk tn snd fw tM San of Flaid• l~p~
~ My commu.bn .:pl..a ~ o _ a 3 ~ ~
R~tvm Ta f
Fint f~d S~vG?ps i lo~n /1~wci~tion ``L`~`;ti~~i::!
_~1 1 ~
~ Of fo~t V~~ru. ~ , • '
~ fort Pt~ru. Florfd~ ' ` ~ , .
s ,:•:~,.1,`,n~'.~S ~
~ ~
i ~ S -~J'
~ ~
a R E. Poindexter ~ R ~ ~ r~,~
This Instrume~t Prepared By • BpCK2g4 ~A z~ ~ O;. ~j y a,G~ .
Fint Federel $avinys b losn Association ~ ~ • • '
~ ~ of Fort Pierce ••'~~•~'1~
~ ~'~~`T~~~ ~d~
~
Fort Pierce, Florida 33450
~ ~ lN~:.~;:+,.`
~ Checked By
~ - , . . .
~ ep
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~
~'~'a.~ ;G:3-'^ ~ i M,_.:.. , . ~~ra..~{y~,.'3v~
) ~ 2^Vo-'"°~,~~-'€s' ~ . _ ~ .