HomeMy WebLinkAbout0802 To pl~c~ •nd cominvou~ly keep a? M~ bwld~nyz now a M?e~HK ~i~u~t~ or s~1d I~nd ~nd on ~11 cq~i~xnent ~nd ptrwn~lly tovN~d by Ihi~ mort¢
with ~11 prtmiwnf tAer~on pa~d in full, li~~ insurance in ~he usu~l ~and+rd po~icy form, in •~wn •pprov~d by IM MORiGAGEE, and windflo~m
M+w~wK~ in tM uiwl u~ndard po~~cy for:n, in • ~um ~pp~ov~d by ~M MORTGAGEE, in ~ucA company o~ cor+~p~n~~t a~ ~M MORTGAGEE nyy
d'u~ctr ~nd all f'u~ ~nd w~nd~rorm insuranu poGue~ a? •ny of Hd build~nps. ~ny inl~rpt fF~ei~ or par~ ~herwf, in tM ~~qreqa~~ wm ~}a~~a~d w
In ~xcN~ ~h~rwf. tMll contain the usual ~andard marqaq~ ci~us~ a~uch o~ha clau~ ~i Ih~ Ma~y~yN m~y requ~r~. m~?inp tM los~ unda t~~d pol~
cin. Ncb ~nd ~very. p~Y~bl~ ~o aid MORTGAGEE a i?~ in~ernt may app~a?. ~nd e~cA ~nd •very ~uch poi~cy shall b~ prompdy u~ y~sd ~nd d~liwr~d to'
~ny Mld by ~aid MORTGAGEE furtM~ ~ecurity to aid matpa~ d~bt, and, not I~~ ti?~n I~n (101 daYS in +d~ant~ of ~ht •xpir~tion of ~ach policy, to d~
IivM lo t~id MORTGAGEE • ren~wal tl+~~eof, ~op~~M~ with • r~ct~pt fw 1M p~~mium of ~uch r~n~wal; ~~d ~h~~~ ahall bs no f~re a windiiam iniuianc~
pl~pd on ~ny of uid buil6inps, ~ny inte~t~t thsr~;n or pat th~r~o{, unbu in IM /wm ~nd with IM lou payable a~ •(ore~aid; ~nd in th~ •vt~l any ~uin
of enp~y becom~a p~yable w+d~r tuch pollcy a polKi~s said MORT~',AGEE ~hall Mw ~M opr~on ro nceiv~ and ~pply tM sam~ on accouM o( tM i~b~~d-
n~ pew~d Mr~by a~o p~rmit said MORTGAGORS to receiv~ ~nd uw it or •ny pan thereot for oihe~ pu.poses, w~~hout i~e•eoi wai~~~.g o~ ~mpair-
inp ~ny pu+ty, li~n a riqht ~ndN w by virtu~ of this mort9aq~; u+d in tM ~wnt t~~d MORTGAGORS ~lull (a any r~awn iail to kNp tl+~ ~a~d p~~mistl so
Inwred, a fai) b dt~~vr. promptly ~ny of said po~~cies of intur~ncs ro~aid MORTGAGEE, or fail promptly to p~y fully any premium theretw w in ~ny
~ppM f~ll ~o pNfwen, diuh~r~~, ~xecute, sflsct, complet~, tompiy with and abids by ~h~s covenant, o? ~ny part hereof, s+id MORTGAGEE may place ~nd
paY fw such Irau~anc~ w~ny part therwf wirhout waiviny a aifectir?p ~ny optioo, li~n, equrty, a riqht unda w by vi?tue of this Ma~9~ye. •nd the
tull amount of ~~cA u~d ~wry ~uch paym~nt ~M~t be immedi~t~ly dw ~nd p~y~bl~ and ~MII beu int~r~s~ from ~h~ dat~ ths~eof uneil paid ~t th~ ?ate of
nin~ pN c~ntum pM ~nnum and together with ~uch i~teresl ah~li be setured by fM lien Of Ihi~ morfpsge.
4. To pHmit, comndt a ~ufftr no w~ste, imp~irmeM a deteriwation of s~id propaty p ~ny p~~t thereof.
3. To pay •11 and sinpular ine cosu, ch+rget and eap~nu~, includinp • reasw+able ~no~n~y'~ fee end co~ts of abst.acta of tirte, incur?ed w p~id a1
~ny tim~ by w~d MORTGAGEE, b~caus~ or in tl+~ ~vent of ths (~ilun on the part of tM said MORTGAGOR ~o duly, promptly and fully perfwm, d~uha~ge,
•zecvt~, effM, compkq, oomply w~th ~nd ~b~de by ~ach ~nd ~very ~hs ~tipul~~~oru, ~yreem~nt~, cond7+iona, ~nd covenants of s~~d prom~~sory not~ and ~h~s
morfpap~ ~~y w~i?Mr. ~nd u~d co~ts. ch~r9ts and ~~pen~es. ~~ch and w~ry. ~Mtl b~ immedi~fely dw •nd payable: wherher w nof rher~ b~ not~ce de~
nynd, Ht~mpl to toltKt or wi1 p~ndingt and rM (ull ~mounl of asch ~nd wMr suth paymeM aMU bee? int~r~t1 from th~ dare thereof until p~id •t the
r~~e of nin~ p~r c~mum p~r annu~ and alI s~id cost~, charge~ and ~xpenus incurred o? paid, tog~ther w~~h such int~r~~t, sMll b~ tecur~d by tM li~a of thi~
matpap~.
b. That in th~ event of any Me+ch oi this Nlwtyaye or dtfault on tFr pa~t of the MORTGAGOR, ar (b) in the evcnf ~ny of u~d ~um~ of money
Mnin nf~rr~d to b~ not p~omptly ~nd (ully paid wiehin th~rty (301 daya ne+et atre? the s~rvw uver~tly become dot and pay~ble. withou~ d~mand w notice,
or In tM ~v~nt ~atl~ and ~very tM stiputation~. ~gretmtms. con~tions and cov~n~nts of ~~~d promiasory not~ ~nd th~s mo~tqpe ~ny w eith~~ ue na
iuly. pranpNy ~nd fvtly perform~d. d~xh~rped, e:ecured. ~ffected. compl~t~d. compt~~d wirh and ab~ded 5y. then in eithe~ or any such ~wm tFw sa~d ag
prp~N wm mtnrion~d in uid pomiuory not~ thtn remaininp unpaid. with inttr~sf ~ccrwd. ~nd all mon~yf kcured hereby. ~h~tl D~tort+t dw ~nd p~y-
~bl~ (orthwith, p tMfNftN, tM opt~on of s~id MORTGAGEE, fully and completely if ~1! of tM utd sums of mon~y wert upinally atipul~ted
ra b~ pa~d on ~uch day, ~~ythinQ i~ sa~d promissoryr note a in this Mortpaq~ to tM conrr~ry notwithst~nd~~p; a~d therwpon or Ihereafter a~ 1M oprio~ of
taid INORTGAGEE, withovt notic~ a dtm~nd, ~uit ~t I~w a in puity, ther~fw~ p tMrcafrer be9un, may be prosecuted a~ if •II nan~y~ ~ecured hereby
had matured prwr to in trntirution.
TMt in tM ~v~nt tMt at ?lie beginninp of or a~ any tirrw pendirq any sui~ ~pon thif Mo~tg~ge, a to faeclos~ it, o? to refwm it, a to ~nforp
paymenl of any cl~im~ M~sundsr, a~id MORTGAGEE sh~tl ~pply to the Court havinp jur~id;crion thereof 4or the ~ppo~ntment of • RK~iVK. tuch Coun shall
fW1MvNA ~p()Oif1f • IK~ivN Of asid mwtpayed properfy •li ~nd ~inyvt~r, includ~ny ~II and •inyul~r tM incoms. profis~. iuue~ ~nd r~v~nues from whatever
wurc~ deriv~d. ~~ch ~nd every of which, i1 beinp expre~fly und~ntood. i~ h~r~by mong~gcd a if apeufically ~et fa~h and dewib~d in tFw 9r~nrinq and
hab~ndwn cl~we~ Mr~of, ~nd ~uch Rec~iver iM11 Mve •II ~h~ brosd and ~ffecriv~ funcr~ons ~nd power~ in anywis~ e~trusted by • Court to s Receiv~r, •nd
~uth ~ppolntm~nt ~hall b~ m~d~ by suth Court a~ ~n ~dmitted equiry ~nd ~ m~nN oi absotut~ riyht ro~aid MORTGAGEE, ~~d wi~hout refer~nce ro tM
~dpuacy a le~d~quacy of th~ valw of ~M p~operty mor~p~yed or to the ww~ncy or i~io~vency of s~id MORTGAGOR «~M d.f~nd•nn, and rha~ iuch
r~nu, profi», Irxonw, iuw~ ~nd r~v~nw~ ~hall b~ ~pptied by ~uch R~c~iv~r ~ccwd'u?p to tM li~n a puity of s~id MORTGAGEE u+d th~ pr~ctic~ of ~vch
CovA.
To dvty, prornptly ~nd fully p~rfom?, discharp~. execut~. ~ffect, coenpl~t~, eomply with ~nd abid~ by ~ach ~v~ry tl» ~tlpulations, pre~m~nts,
oondittoer ~nd eov~rynt~ in ~aid promiaory not~ ~nd th~~ mwtpp~ Nt fo?tA_
9. That In th~ w~m tM own~rahip of fl+~ mo~t~~y~d p~~mitt~. a~ny pan ther~of, b~com~s vHt~d In ~ p~noe~ otM~ than tM MORTGAGpR, tM
NIORTGAGEE, Irs sucaww~ ae~d ~uipru, may, wi~F~ou~ no~ice to tM MORiGAOR, deal with ~vch iucc„~w a~ucce~wr in inhr~~~ with r~fe~~nc~ to thi~
mortpp~ and tM d~b~ Maby Ncw~d in tht s~ m~ene~ ~i with RAortp~por w)Mwur~ 7h :~y.v~~y vit~tr~ibr'tl~%d+arQin~~ ttw MwtQ•Qon' li~biliry Mrr
urwl~r a upon th~ d~bt hK~by s~urr~d. No a~t~ of the pr~miNf M~~by mo~tp~p~d •nd no fabNr~nq on tM jZan ol tM MORTGAGEE w in wcc~s~on
w aKtpna ~nd no ~xt~natan of tM tFm~ fw tM paym~nt of tM d~b~ h~r~by s~cvr~d plwn bp tlC~~INORTdAGfE~ a in ~ucauon w auipra, ~h.il op.r•n
w n~a~, dacMrp~, nadify cMnp~ or ~ff~ct tM wipin~l li~b~lity of ~M MO(tTGAC#. lNraiq-~Niw in_ whd~ a In p~rt•l3~~~
10. It N ~p~eifkdly p.~.d thar rlm. t~ of rM es~.nc• of rhii eonrr~tt.~ne~ tMt no wdwn e( ~np,oblipwon,}u~wud~,~1,•of rM oblfparion s?
an~d iwr~bp ~Mtl ~t any tim~ tMr~~h~r b~ Mld to M~ w~ivK o} tM tNms Mrwf w of tM Initrvm~nt ucund hab .
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11. In ~dd~tion to MN fo?po:np ma+thly p~ymenr~ of p?int'p~l ~nd inr~r~~t rpuir~d by tM promi~wry note ~etvr~d Mr~by, mortppo~ tov~n~nt~
.~,e .y.... w p.y ~o mo.ro.~« w~th ~ach monrhly p~y~~nt ~n ~dd~rion~l ~um ~~t~m~r~d by mortpapN to b~ pual ro 1/12 of tha ~nnu~l co~t of tM follow-
uw~
A-All real prop~rty ta:„ I~vled w~ss~~sed ~9~~~n the abov~ d~xribed re~l ~~tat~.
!-Pr~miums on iir~ ~nd winduorm in~ur~nc~ h~rein requ~red to b~ cu~~cd on tM improvem~nb •ituate on ths ~bovs deiu~b~d premia~s.
' C-Vr~miomt on wth mo~t9~ye ywr~nty in~ur~r.c~ mort~~p~~ ~hatl irom t~m~ ro time deem fit to urry on tM loan ucured hereby.
Morty~QN ~hall from time to t~rrw norify moriy~yor in writ~np o~ tM •mou~t d~~ •nd p~y~bl~ hKeunder ~nd such sum ihdl th~rwpo~ ba dus ~nd
payabl~ on th~ dw d~t~ of th~ n~:t monlhty p~ym~nt ~nd e~ch ~ucce~~iv~ monfh th~re~fter unril mortppq ~hall notify mortgagor of • charp~ in suth
~mount. SucF~ wm~ ~hall b~ appli~d by mortpsflee towa~d the paym~nt of ~~d property ta:~~, insu?~nu prem:ums, ~nd mortga~ ywranry insuranp
pr~mlums.
IN WITNESS WMEREOF, th~ uid MORTGAGOR ha~ hereunto s~t hi~ hand ~nd N~I tM day ~nd ~r fint ~for~s~id.
s~v~.d. s.~~.d.~d d.ii~...d i~ th. w...~. of: ST. P~UL AFRICAN METHODIST EPISCOPAL
~~~:#yu+:s~ y CH~tR H OF F RT P RCE ~
~ • '6•~ ~~?EGG9V~ a e , ~ .;ti;,~, . ~
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1 1
! STATE OF fLORIDA ~ i• I 3 ~ ~H ~~Q -
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COUNTY Of ST. LIICIE ~ u-
E _ ' ~ 1~'..~. . r`- . w
~ I HEREBY CERTIFY, that on this 7th day of_ ~i14 ~~j 'bt,•7s,9~>~,
3 before me peraonally appeared ~~d A. P~rot~.~•3 LA1 S. (~aine~e a• x• (~s~pion'r Het'~e~f~'~' ~e~in
~ and Dealia Mae Johnam, aa ZY~u~teea of ST. PAUL AFRICAN ?sETHODIST EPTSCOPAL CHURCA OF
~
; F'CRT PIERCE~ INC.~ , a No11-PY'aPit Corporation, to me
s
~ known to be't}ie pei'aOtse described in and who executed the foregoing instrument and severally acknowledged the execution
~ _
= thereo~tb~~t~eis free act and deed as such officers for the uses and purposes therein mentioned; and that they affixed thereto
s the ~fiq7~,8~1`Jt'Baitc~ ~ ration, and the said instrument is the act and deed of said corporation.
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` WIT1~ESt~~.~~~c~~'d'bf~al seal in the county and state aforesaid. ~
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