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HomeMy WebLinkAbout0356 . .I And ~eid Mor~gngors, for ~hemselves anJ their heirs, legal representelivef, euuessors and anigns, hereby iointly end tevaralfy covenent and ~qra+ to and ~vith the tdid h50RTGAGEE, its successors and a~~~gns~ 1. To pay all and singular Ihe principel anil interett end Ihe variou~ and ~undry sumt of money payabte by vitfue of ~aid promit~ory note, •nd thli roortgage, each and every, promptly on the days respect;vely ~he ~ame sever~lly becomo due. 2. To pay all end ~ingular the taxes, assessmen?t, levies, liabifi~iet, obligationf ai~d entumbrencef ol every neture and kind now on faid dettribtd proparty, or that hrrealtrr m~y b~ ~mpe~ed, wfFered, placcd, levied, or as~ested thc~eon, or that heroafter mey be levied or a~~e~~rd upon thtt Morty ege, or the indebtedness secured he~eby, each and every, when due end payabie, according fo law, be(ore lhey become delinquenl, ~nd before any tntarott a~iaches or any penal~y is incu~red; AND INSOFAR AS ANY THEREOF 1$ Of RECORD iHE SAME SHAII BE PROMPTIY SATISf1ED AND OISCHARGED OF i RECORD AND T~1E ORIGINAI OffIC1Al DOCUh5EN1 ~SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFA~TtQfV PAPER ~FflCIAIIY ENDORSEQ OR CERiIFtED) SNAtI BE PIACED IN INE NANDS OF SAID MORTGAGFE WITHIN iEN DAYS NEXT AFTER PAYh1ENT, and i~ the event tfi~l any thereof 1~ nol paid, sat~s(ied and d~scharged sa'd h10RTc~AGEE may a? any t~me pay ihe same or anv part thereof without waiving or ai(ecling any option, lien, equity or riQM under or by virtue of this mo~tgagt rnd the fi~U amoum of each and every svch payment thall !x immediately due and payable and sfiall bear interest ?rom the date fhereof unt~l pa~d ae rate of eighl per centum pe~ annum and together w~th such iMerest fhall be iecured by Ihe lien of th:s morgtage. ~ 3. to plec~ and contlnuou~ly kecp on rhe b~ildinyi ~ow or here~ft~r ~ifuste o~ t~td land and on ~11 equlpmant end penonelly tovered by fhi~ mortQ~ ~ •qv, with ~11 ptemium• thereon peid in fvll, fire infurance in the ~tual standard policy form, in e tum epproved by the MORTGAGEE, and wlnditam 4 (muranta tn 1M usval standard policy fwm, In a ium a'pp~oved by Iho MORTGAGEE, in ~uch tompany or companies as the A10RTGAGEE mey dtred1 and all fire snd windstorm Insuronce policiet on any of said hiild~ng~, any intere~t thereln or part thereof, In the ~ygrcyate wm afore~eid ot ~ In •xces• thcreof, thall contain Ihe usval ~t~ndard mortgagee ciause or tvth o~her clau~e ~t fhe Mortgagee msy requirs, makinp Iha lots under ~~id polF ti~a, each ~n~avery, payable to seid MORTGAGEE as itf intereat may eppear, and each and every such policy shall be promptly ats.gnad and delivared to •ny held by taid MORTGAGEF s~ further uc~rity to seid ma~gage debt, and, not less than ten (10) day~ In advance of Ihe expirafion of each poticy, to dr liver to ~atd MORTGAGEE • renewel thertof, toqether with a rtceipt for the premium of such renewal; end there thall be no fire or windstorm inturonce i plated on any of said buildln9~, eny interest ?herein or part thereof, unless fn the form and with the lotf payable et a~orasaid; and in tha evenf •ny tum of mo~ey becomei payable ~nder such pollcy or policiea said h10RTGAGEE ~hall have the option to receive and apply fhe tame on account pf the Indebted- nou •ecured he~eby or lo permit •aid MORTGAGORS fo reteive and use it or any part thereof for other purposef, without thcreby waiving or irnpair- Ing any equ~ty, lien or ri9ht u~der or by vi~tue of thi~ mor~gage; end in the event ~eid MORTGAGORS shall fnI any ree~on fall io keep fhe said premises ~o In;ured, o~ fafl to deifver promptly any ef ~eid policies of insuronce fo ieid MOR7GAGEE, ot feil promptly fo pay fully a~y premium thetefor or in any re~pecf fail to perform, discharge, execute, effect, complete, comply ~vith and abide by thi~ covenant, or any part hereof, said MORTGAGEE may place and pay fot ~uth In~urance or any part thereof without weiving or affecting any option, lien, eqvity, or right under o~ by virfue of this Mortqage. and !he full ~movnt of each and every •uch payment shell be immtdiately due and payable and shall bear intereit from the date thereof until pnid et the rate o1 nine per centum per annum and together with such interest shal! be secured by the lien of this mortgage. ~ 4. To permit, ca.nmit or suffer no waste, lmpairment or deterioration of taid property or any part tfiereof. ; 5. To pey all and •ingular the costs, tharges snd expenies, including a rea~anable anorney'~ fee and costs of abstracts oF title, tncurred or paid at ? ~ny time by teid MORTGAGEE, betav~e o? in fht event of the failure on the ~.ert of the taid MORTGAGOR to dufy, promptly and ful~y perform, ditthargq } exacute, effed, complete, comply with and abide by eath and evary the stipvlation~, agreements, conditions, and covenanti of said promisiory note and li~it t mprtgage any or either, end ieid costs, charges and expenses, each and every, ahall ba immediately duc and payable; whether or ro1 there ba notice do- mend, attempt to colkcl or ~uit pending; and Ihe full amount of each and e~ery such payment •hali bear interest from the date thereof uMil paid ~t the ? rate of nine per centum per ennum; and all said co~ts, charQes and expenses incurred or paid, together with such interea~, •hali ba fecured by the lien of thi~ ~ martgsye. . i b. That (a) tn the eve:it oF eny breach of thii Mortgage or defeult on the part of the MORTGAGOR, ar (b) in the evenl any of •aid ~um~ of money 's hereln referted to be not promp~ly and fully paid viithin lhirty (30) days next after Ihe tame severally become due and payable, without demand or notice, ~ t or (c) In fhs eveM each and every the stiputations, agroementt, conditions ar~ covenanfi of ia~d p~om;ssory note and th~• mortgege any or either are no1 ~uly, promplly and f~lly performed, d~scharged, executrd, ef(ected, completed, complied with and ab~ded by, then in either or any euch evanl the said eQ~ ~ yreyate sum mentioned in sc;d ~romissory nate then remaining unpaid, with interest attroed, and all money• stcurrd hereby, ihall betome dve •nd pay~ ~ ~ht~ forthwith, or thereafter, at the option of s~id MORTGAGEE, as iully and completely as if ell of the said ?ums of money ~vere originelly •tipulsted ~ to be peid on suth day, anything in saici promiesory note or in thi~ Mortgage to the cororary notwithstanding; and thereupon or thereaf!er el the optio~ of s ~aid MORTGAGEE, without notite or demand, suif at faw or in equity, therefore or thereefter begun, may b~ pro~ecuted as if ell money •ecurad hereby ~ had matured prior to its institution. ~ . 7. Thet In tha event that et the beginning of or at any time pending any iuit upon thit Mortgage, or to foreclose it, or fo reform it, or to enforct psyment of eny claim: hereunder, :aid MORTGAGEE shall appiy to the Court heving jurisdiction thareof for the appointment oF a Receiver, tuch Coun ihal) forthwith appoint a receiver of said moEtgaged property nll and ~ingular, inciud~ng all and tingular the income, profitt, iisuei snd revenuai from whatever source derived, each and every of which, it being expre~sly ~nderstood, i~ he!eby mortgaged ai if speufically set forth and described in the grontiny and { habendum cleuset hereof, end s~ch Receiver shall have ell the broad and effective functions and powers in anyw;se entrusted by e Court to a Receiver, and , tuch ~ppointmtnt •hall Ix made by such Court as an admilted equity and a matter of absofute ri9ht to taid t~IORTGAGEf, snd without ~efarence to ths ~ •dequaq or in~dequacy of the value of the property mortgaged or to the iotvency or insolvency of ~aid MORTGAGOR or Ihe defendant~, and thet •vch ~ i rent~, profitt, income, iesues and revenuei ahall be epplird by svch Recrivar sccordinp to the lien or eqvity of said MORTGAGEE and the prectice of tvch ' Covii. t 8. To duly, promplly and fully perform, discharge, execute, effed, tompfete, tomply with and abide by tach and every tha stipvlation~, agraemt~tt, ~ con~litions and covenants in •aid prorni:sory note and ~hit mortgage tet for~h. ; 9. Thet in the event the owner:hip of the rr~ortgaged premi~a, or any p~~? thereof, becomei vested in a person other than the MORTGAGOR, the ~ 14iORTGAGEE, itt successors and essigns, may, without notice lo the MORTGAOR, dral with such successor er ~uccessor in interest with reference to thie r rrsortflayt and the debt hereby ~ecured in the tame manner a• wi~h Mortgagor wilhout in any way vitiatiny or ~discherging the Mortgagort' liabllily he~e- i under or vpon the deb? hereby sec~red. No sale of the premise~ hereby mortgaged and no forbearance on the part of the I~lORTGAGEE or it: •uctesson w~itipns and no extensio~ of the time for fhe payment of the debt hereby secured given by the MORTGAGEE or its successor• or aiiiyn~, ~hall operats 1o rslsas~, diich~rpe, modify ch~nge or affect the originai liability of the MORTGAGOR hereirt, eithe~ in whole or !n part. 10. It it tpecifically egrerd that time Fs of fhe ei~ence of thi~ contract and thet no waiver of any cbtigatio~ hereurrjer or of the ob119e11on te• Nr~d F>sreby ihsll et any time th•zrcafte? be held to be a waiver of tha tcrms hereof or of thc instrumeN secured herby. 11. In addition to the foregoing monlh~y payments of princ pal and interest required by the prom~ssory note secured hereby, mortgagor covensnts and ayreet to pay to mortgagee with each monthly payment an additienat sum ettimared by morr3cc~ee to be equal to 1~12 of the annval co~t of the follow- jnGl: A-All re~l property taxet levied or assessed againit the above described rea) estate. ; B-Premiums on fire and windstorm insurance as herein required to be carried on the improvemeM• situate on the above described ptemite~. ' C-Premiumf on suth mortgage guaranty insurance as morigagee •hall from tirne to time deem fit to carry an the loan ~ecured hereby. ~ Mortgagea fhall irom time to time notify mortgagor in writing of !he amount dur and payable hereunder and tuth tum shall Ihereupon ba dus and ~ ~ pay~bte on the due dete of the next mon?hly payment and each svcce~tive monlh thereafter until morlgagee sha?II notify mortgagor of a chanye ln iuch amounf. Such sum~ ~hall be appliad by mortgagea toward the payment of real property texes, insurance premiums, arsd mortgaga gueranty iruurance premivmt. IN WITNES$ WNEREOF the ~aid MORTGAGpR hrt here~nto set his hand and aeal.Ihe day and year first afore~aid. ~ ; Siq S~aled and d li In the pretance of: F ~ L E A E~ E ~ , f •r i ~ gnr~ 2 I t I ~L1~ll _{`~GL~ ~ 0 0 K •n i s ~ - a , , ~ ~ f - , ' s` Q .l~~J`"1 an ~ ~ t~ I I ' 27 ~ ~ '~6 J ?,J • ~ $ ~z _ . , : , ; STATE OF fIORIDA _~_~~~F E,~v ' i~`^:. = : , ~ ~ courm oF St Lucie ~ ss' , c-~ t? • - . . ; : 'v'Ei E- ~ CLc~ ~ b~fotr~ rr» penonally eppeued ~ T l~r~ Fw'-~~i'~~ ~'~~WI~ ~ ~ ~ • / ~ - - F~:. Bett 4Q we ` ~ . - ~ hi• wifs, to me well knvidp'etxT kno~~ tptin~.tQ~b~ ~ ` , :T~ ind who exxuted ths foreyoiny t~airumant, and ac~cnnwlydfled Ixfor~ m~ thal th~y execvlf,d tia' sirtN • for• t~ 'put~ios~t ~ ` ~/~4~ .,rd Betty Jean Bowe ' ',~t, ' ~''•.jy-~ = ~c ~art Bowe . ~~h? iiid ~8 2' O vpun a~upai~t~ ~nd prtv~h ~ ~~~~?*+N '~~A~N+krWd~?ate •nd ~pen irom her said huaband, aclcnowledyed to and befors ms that she execute~ •~id tn~trument frasly and voluo- ~ ~ '-fQ1~~ ip~wilfia+t e~j/ dompCi~lon, constraint, appreheniion, or fear of or from her taid hufband. • r _ ~ : ; ~ r, ` ~ h.anc~ end~bfFlci~l ~eal tht~ ~ T'~ daY o A. D. 19 r,.~`.. ' G:~ . V,; f~UGt-~ ~ : + r~~: Notary Publtc in snd for tsta of ftorida ~t [srp~ ~ ~ : i ~ My Commii~ion ~xpira~ Public, S~ut~ 04 rlo?;2a a1 ~a'9o ~ ~ ReturTi To: oya~ommission Ex~ires ~Ac~ch 1, l~u~ Cifii~ns Foel~tsl ~Ssvingi i Lo~n A:soefofion ~~d~ dy ~m•~;can f~• b Gs,aui Go1 ~ of St. lucia counly ~ R ~r,c_- ~ Ft. Pi~rce. Flaida B00~~~~ ~ .