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HomeMy WebLinkAbout0932 ' v ~ 3. To pt~c~ •nd con~trtuously keep on the bulldtnQs now oi hereeUer iftu~ts on seid lend ~nd on aii equlp~uM and ponon`Ify covered by thtr morl~- ~ ~yo, whh •I! prsmium~ Ihereon paid in full, firo insurance in ihe uwal Ne~derd poUc~ iorm, in ~ sum approved by the MORTGAGEE, and ~+rtndstam ~ lmu~as+c~ in the utual ~~ind~rd polfty to~m, In ~ sum spp~oved by ihe MORTGAGEE, In wch tt.n+t~eny or compinie~ at the MORTGAGEE may ~ illfKf~ and all lJrs snd windstorm l~aurante • polidai on ~ny of ta{d buHdi~gs, eny In1ereN theretn or part Ihereo(, In tho egyregate wm afcxes~id or ~ in ~xas~ iha~eof, ~hill con~sin the usual Nandard mortgagee clavse or tiuch other <lause as Ihe Mortgegee may req~irs, maAtng ihe toss u~der taid polM ~ d+1. eacfi •nd every, payabia to eeid MORTGAGEE a~ its tnterett may eppear, and each nnd every ~uch Folicy ~ha11 be prompdy au:gned and delivered to ~ny held by ~aiu MORTGAGEE af (urthet tcturity to ~ald mortgage debt, and, ~ot les~ Ihan ten (10) days in edvante oi tha expirello~ of each polity, to de- ; Iiver t.~ taid MORTGAGEE a renewal the~eof, togeiher wiih a?eteipt for the premium oi tvch renewat~ and Ihere thall be no lire or wtnds~orm inwrsnce ' pl~csd on any of teid buildings, any Intere~t therein or part ihereof. uni~s~ in ~he form and wi~h Ihe loss payable as aforesafdj end In the event any sum ~ of money b~xome~ payable under ~uch policy or poticlas sai~ MORTGAGEE shalf hava ilie optio~ to receive and apply tha tama on account of the Indebted• neis ~aured heraby w to ptrmit fafd MORTGAGORS to rcce(ve end use it or any part ihercof for othcr purposes, ~vithout Ihereb~ waiving or impair• j !ny i~y eq~ify, Ilan or ri9ht under or by virtue of this mortgegeJ and in the ~ven1 taid h10RTGAGORS ihali fo~ any reaton (ail lo keep the taid premises so ~ ins~red, or f~il to deliver promptly eny of taid policiet of insurance lo ~aid MORTGAGEE, or faii promptty lo p~y fuity any premium therefor or in any ~esprct (aii to perfwm, discharge, sxecute, qffett, complele, comply with and abide by ~hii covenant, or any part hereof. taid MORTGAGEE may plate a~d pay for tvch insurancs or any part thereof without waiving or affect(ng any option, Ilen, equity, or right u~der w by virtue oF 1hlt Marlgage, and the 1 full imount of each and every tuch paymenl shall be immedtatety due and payabte and shall bsar interes? from the dete Ihr~eof until paid a! the rate ol ! nlna per tentvm per annum and rogether with such interest shall ba sec~red hy the lien of this morigage. i. 4. To permir, commit or suffor no waste, imPairment or deteriorotion of faid properiy or any part theteaf. ' 5. To pay all and •inyular the costs, tharge• and expen3ei, including a reasonable ettarney's tee and cosls of abstroctt of tNle, i~t~rred or pald at any tlme by said MORTGAGEE, because o~ in the event of Ihe failure on tha part of fhe ~aid MORTGAGOR to duly, promptly e~d fvlly partam, distharge, . •xesute, etfect, complete, comply with and sbide by eath and every the stipulations, agreemants, conditions, and coveoanti of said promissory note a~d thii ~ mortgape any or either, end tnid cosl~, charges and expense~, each and every, shall be immediatety due end payablel whether w no1 thare be notice do- f mar?d, attempt to collett ot suit pendingj and the fuli amovN of each and every such payment shall bear Interes! from the dete thereot unfil pald at the ~ rate of nine per cent~m per annum; and all said costs, charges and expenses intvrred or paid, togethar with such iNerost, shall ba set~red by the lien of thit mortpa~~. ~ i 6. That (e) In the event oE any breach of this Mortgaye or default o~ the part of ihe MORTGAGOR, or (b) I~ the e~erit any of i~td iumt of monsy . herefn nferred to ba n~l p~omplly and fully pnid with3n thirly (30) days nexl after the same ceverally become d~e and payabla, wllho~t demand or notite, or (c) tn the evsnt each and every the slipulations, agreemenls, conditions and tovenants of said promissory note and this mortgage any or oilher are no1 - ~uly, prompt~y and fully pe~formed, discharged, execulad, eifected, campleted, complied with and ebided by, then In ei~her w any ~uch event Ihe taid ag~ ' Qregsts sum mentioned tn taid ptomissory note Ihen remai~ing unpaid, with interesl accrued, and all moneys secure3 hereby, ~hall become dua an~ pay- `ba ~ able fortliwilh, or Ihereaite?, at the option of said MORTGAGEE, as fully and completely as if all of the saFd •ums of money ware origi~slly sti~,uleted fo be paid on svch day, anything in said promisso~y nole or tn this Mwtgage to the coMr~ry notwithstanding; and lhereupon or thcreafter al tha option of E •atd MORTGAGEE, without notice or damand, suit at law w in equity, therefore or therea(ter begun, may be prosecufed ai if ell moneyt tecured hereby had malured prior to itt ins~itution. 7. ihat In the event that at tha begtnning of or at any t(me pending any svit upon thit Mortgage, or to fweclose it, o~ !o reform (t, or to enforce payment of •ny tlaims heteunder, satd MORTGAGEE shall apply to the Court having juriidiction thereof for the eppointment of a Receiver, tuth Cou~l shal! , forthwith appoint a rccciver oi said mortgaged property all and singuler, includmg all and si~gular the income, profits, tssuo• and ~evenueti irem whafever eource deriv~d, each and every of which, it beir~g axpressly ure~ers~ood, is F~rreby mwtgaged at if specifically iet forlh and desuibed In the granting and Mbendvm clauses hereof, and such Receiver shall have all the broad and ef(eciiva funct~ons a~d pnwer• ln anywlte rnlrusted by a Courl to a Receiver, and •uch appoinlment thall be made by sv<h Covrt as an admitted equity and a matter ot abrF:•~te ~ight to ~eid MORTGAGEE, and withoui referente to ths adequacy or inadaqwcy o! the value of the prope~ty mortgaged or to the totvency or insotvency oi tatd MORTGEIGOR or the defendaot~, and that such renis, protits, Income, issues and revenues ~hall be applied by such Reteiver according to the Ile~ w equity of taid MORTGAGEE and the pradice of iuch Coutt. 8. To dufy, prompt(y and fu!!y perfo~m, discharge, execu?e, rffect, comple~e, comply with snd abida by each snd evary the stipulatlons, agreementi, cor?ditions and covenants in said promi3sory note and this mortgage set (orth. - 9. That In the evant the ownershtp of the mortgayed premises, or any part thereof, ixcomet veited tn a perwn other than the J410RTGAGOR, the MORTGAGEE, Its s~ccesswt and aisigns, msy, wiihout ~otice to the MORTGAOR, deal with such ~ucteuot or suttessor !n In~ere~! with reference to this ma1Q+Qe and the debl hereby secured in the ~ame ma~ner as wilh Mortgagor without ln any way vitieti~y or discharging the Mortgago~t' Ilability here- • ~nder w ~pon the debt hereby tecured. No tale of the premises hereby mortgaged and no torbearance o~ Iha pari o( Ihe MORTGAGEf or (t• tutcessort o~ assigns and no exrension of the time fw the payment of fhe debf he~eby sec~ted glven by !he MORTGAGEE or iti wcces~wt or assigns, shall operats J. • lo retease, discha~ye, modify chenge or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It ti ipeci(ically agreed thet time t~ of Ihe essence of thiti contract and Ihat no walver of eny obligation hereunder o~ of the ob~tgation sa ~ ar~d hareby shall tt any time thereafter be held to be a waiver of the ~crms hereof ar of the Instrument tecvred herby. i 11. In addition to the toregeing monthty payments of princ:pal and interest required by the p~omissory note :ec~red bereby, mortgagor covenants ~ snd agrees to pay to mortgagee with eath monthly payment an addilional sum estimaled by mortgagee to be equal to 1/f2 of the annual tosl of the follow- tng: A-All real property taxes levied or assessed againsl the above described reat estate. ~ B-Premivms on fire and wlndstorm insuranca as he~e+n requ~rec! to be cariied on the improvemenls tituale on ths above described premiies. ~ C-Premiums on such morlgage guaranty insurar~ce a~ mortgagee shall from lime to time deem fit to carry on the loan secvred hsraby. , Morigagee shall from time to time notify mortgagor in writing of the amount dve and payable hereunder artd tuch s~m shall thareupon be due and ~ payable on the due date of the next monthly payment and e~ch s~ccessiva month thereafter until mortgagee :hall notify rtrortgagor of e thange in ivch amount. Such svms ~hall be applied by mortgagee toward the paym$nt of real property taxes, insurance premi~mt, and mortgag@ guaranty inturansa ~ (Nemium3. I WITNESS WHEREOF, the sa' MORTGAGOR has hereunto set his hand and seal the day and year flrst aforoseid. igned, Seated de e 3 th pre:ence • , s ' } ~ ` e nr ru e •n l ' ,p ~ - ' ~f Se°q ~ c e ru c~ e (seal) ~ STATE OF fLORlDA ~ t SS' • ~ COUNTY OF St _ Lll(~„j Q j Befora me penonsll appeored Henr4 Cru~chfield e~ i A Z~ C e ~ru~ e hf i e 1 d his wife, to me well krtown ~nd lcnown to me to b~ . ~ N~e (ndividwts desuibed in and uvha sxecuted the foregoi In~kumam, and xknowledped !»fws ms tha! thay ~xecu~ed the wme for the purpoiat` ; rh.~.r~ QX~.e:Ka. a,d ~na said A1 i e e C ru t c~ £ ie 1 d ~ wife of tM,u1d - Heni'Y Crutchfield , upon a sepante ~nd print~ examin~tion by me taken sepnrole and apan from ber said husband, acknowledged to and befws rr~ thrt ~he executed said tn~trument f~eety and voluo- - tarily ar~d without sny compuliion, constraint, apprehens' ot~r of a from said hu:bend. ~ WIiNE55 my hand and offtcial ieat thi~ day of ~ ~ ~ A D. 19~ ~~.•`~~~~~~'1,~~~~~~'~~~ / Not~ry Pvblic in ~nd •far t1~S lale oi FlotFda a! lup't ~ r~o"~"~i~p~ie~~4o: 'L~~~S~ My Commiaton expiressC ' ~ ~ ~ ' : 1~FV fade 5vi~y~ tosn Aawcietion ~ ~Cc~ ~7 ~d' ~ W ~,0~1?,~ ~~;f,~.~e. F~i.ED AND RECORDED . . ; : F ~,~~~r~ ~N r~~~;^~a^~A F~r ~ ; ; ~ A, ~ ~AOK ,,.GVt~l.,~ . • = u e t, . ~ • : o-., : - : . 1964 NOY M i , ;,.a 2? PM 3. i 4 : ti ~.,~t~ . . . ~ ~ ~ , • ; ~ . ; . ~ ~'lF ~?t' ROGER PUITRAS, CLERK ~ M ! ~ St. LUCIE COUNTr, flOR10~ 3•~~~~ ' ~ ~ ~~."~~~f~~., ~ ; /l _yy~,,(,~' ~ ~ ~ " , i %Cl~ ~ : ~ w P•?ys~i.~ .:j ' ~ - . , _ . ~''~...,r..,,~,•.•~`' D~ $ ~ J,sU~ . , 80~K j~(f c)~~ ' . ; . ~ ' - _ ,