HomeMy WebLinkAbout1044 And said h'.ortgagois, (or ~he~nse~~~es and Ihein c~~rs, lega! representative~, sutces~ot~ and astigns, hereby jointly end tevtra!!y tovtnan> end egtee ?
ro and w~~h ~he sa+d A10RiGAGfE, i~s successo:s and ass~gns: i
1. To pny nil and fingular ~he Frinc~pal and iMeresl and the various and sundry fums of money payablt by virt~p of ~aid promiitiory note, and thi~
mor~gage, each and rvery, prompi~y on ~he days re~pearvely the samc severaliy become duc.
2. To pay all and ~~ngular the taxes, assessments, levies, liabili~ies, obligations and encumbrancet of every nature and kind ~ow o~ ta~d detcribrd
property, or that herea(rer may be ~mpoied, ~u(fered, p)aced, levied, or assessed therean, or that hereafter msy be ~evied or aiteued upon Ihit Morly
aga, or tha indebtedness setured hereby, each and every, when due and payab[e, actording lo law, betora Ihey betome delinquent, and betore any Intaresl
auathes or any penalty is incuned; AND INSOFAR AS ANY THEREOf i5 OF RECORD TNE SAME SHAtI 8E PROh1PilY SA1lSFIEp AND OISCNARGED OF
REC~FD AND 7HE ORIGINAI OFfIC1At DOCUMENT (SUCFI AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTIO;J PAPER OFfIC1AllY ENDORSEp
OR CERTIFIEC) SHAII BE PIACEp IN THE t#ANDS OF SAID MORTGAGEE \YiTHIN TEN DAYS NEX1 AFTER PAYMENT, a~d in the evenf Ihai any thereof i~ not
pa~d, sat~ified anJ discharged sa'd /t!ORIGAGtt may ar any Nme pay tna same ur o~~y No,i iLr,o~~ w~~L..~: ...r.y ~~;'.:i;=g _::y _ - _ ~~~y .,r
~~qh~ under or by virtue o( this mortgage and thc (ull amount of each and every such payment shall be immedialely due and payabie and shell bear^interHt i~
From the date thereof unt~l pa:d at rate of eight pe~ ceroum per annum and together w~th such interest fhall be secured by fhe lien of th:~ mo~gra9r. ,
3. To place and coniinvou~ly keep on the bullding~ ncw or hereetter ~ituate on iaid lend and on ~fl equipment end par~onelly tovared by tht~ morty~ ~
with a1) p~smivms thereon paid in full, fire infurence in the u~ual standard policy form, in a tum approved by Ihe MORTGAGEE, ind windstorm i
Iniurance in the u~val •randard policy form, ln a s~~m epproved 6y the MOR1G/~GEE, in wch tompany or companiet as the AtORTGAGE'c „~ay "
duect; ana aii iira anu wi~~us~oir~i ic~s~i~u~~~a ~.-p~'i;'+....
rv~~lici 1 ~ ~~..~...p;~
- ~ ' • !..:_.-s! !~~r~i~ ~+.f th.renf, in the •anreaate !um aforef~id o? ~
In extet~ thereof, •hall contain the uival ttandard mortgagee clause or iuch other clause a~ the Morlgeyee may require, maklny tha lots under said polF
cte~, eech an~ every, payable to seid MORTGAGEE a~ its intere~t mey eppear, and each end every such policy shall be promptly ess.gned artd delivered to
sny held by ~eid MORTGAGEE ai ~urther security !o said mor~gage debt, end, not las~ than ten (10) dey in advance oi tl~e expiretiori of each policy, to dr
liver to taid MORTGAGEE a renewal thereof, together with a receipt for the premium ot ~uch renewal; and there shall be no fire or windstarm ins~rance
pleced on any of ~eid buiidiny~, any interest therein or part thereof, vntess in tha form end with the loie payable a~ afore~aid; nnd in Ihe evenl eny ~um
of money betomet payable under ~uch policy or pol~cies iaid MORTGAGEE shall have the option to receive and apply the same on account oF the indebted-
ness ~e<vrtd here6y or to permit said h10RTGAGORS to receive and u~e i1 0~ any parl thereof for othe~ purposes, without there6y waiving or impair-
Ing •ny e~u~ty, lien or riyht unde~ w by vi~ive o! this mortgnge; and in ~he evcnt ~aid MORTGAGORS shall for any rrason fail to keep the iaid premi~es so
in~~red, or fail to deliver promptly eny of iaid policies of insurance to ~aid MORTGAGEE, or fail promptly to pay fully any premium therefo: or in any
respect fail to perform, discharge, exetute, effect, comp~tte, tomply with and ebide by fhis covenant, or any part hereof, iaid MORTGAGEE may place and
pay (or tuch Inturance or any part ~hereof w~thout waiving or affecting any option, lien, equ~ty, or right unde~ o~ by virtue of this Mortgage. and the
full emo~M of each and every svch peyment shall be immediately d~e and peyable and shall bear inte~est from the date thereof until paid at the rate of
nine per centum per annum and together wi~h ~uch inferest shall be secu+ed by fhe lien of this mortgege. '
To petmit, tommi! o~ suffer no wasle, impairrnent or deterioration of ~aid property or any pari fhereof.
S. To pay all and ~inguler ths cost~, charges and expenses, intluding a reasonable attorney's fee and cost: of abstractt of title, tncurred or paid at
~ny flme by teid MORTGAGfE, because or in the event of the feilure on the Nert of the seid MORTGAGOR to duly, promptly ar.d fully per(orm, diicharge,
•zacute, effed, comptete, compty with and ab~de by each and every the ~tipulafions, agreemenl~, tond~tions, and covenenti of ~aid promissory note and thi~
mortgaga any or either, and said cost~, charges and expen~es, each and every, ~hall be immediately due and peyable; whe~her or not there be notite do-
mend, attempt to collect or suit pending; and the full amount of each and every such payment sha11 bear interesr from thw date thereof unfil paid at tha
?ate of nine per centum per annum; and all said coits, charqe: and expenses incurred or paid, together with suth interest, ihall bo secured by the lien of thi~
mortpage.
6. That (a) in the event of eny breach of this Mortgege or default on the part of the MORTGAGOR, or (b) in the evenf any of said ~um~ of money
hereln referred to be not promptly a~d fully pa+d within thirty (30) days next after ~he tame severally become due and payable, without demend or notice,
ot (t) in the event eath and every the stipulations, agreements, conditions and covenenb of ~aid promissory note and th~s mortgage any or aither ~re not
~vly, promptly end fuliy performed, d;scharged, execvted, effected, completed, complied with and abided by, fhen in either or any iuch evsnl fhe ~aid a¢
prepalt sum mentioned in laid promissory note then remaining unpaid, with interest actrued, and all moneys tecured hereby, shnll betome due snd p~y-
a6!• forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally ~fipulahed
to be paid on such day, enything in ss~d promissory nota or in ti~i~ Mortgage to thr contrary notwithetending; and thereupon or thercafter at the option of
~eid MORTGAGEE, without notice or demand, ~uit at law or in eqvity, therefore or thereafter begvn, may be protecvted ei if all moneys ~ecured hereby
had mstvred prior to its in~titution. •
7. That in the event that at the beginning of or at any time pending any suit upon thit Mortgege, or to foret?ose ir, or to reform it, or to enforce
peyment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, suth Court shell
forthwith appoinl a receiver of iaid mortgaged properfy all and sing~lar, including all and singular the income, profits, issues and revenues trom whatever '
wurte derived, tach and every of which, it be+ng exp~eu!y vnderafood, i~ hereby mo~fgaged as if ~prcif;tally set forth and described in tha qranting And
habandum clause~ hereof, and such Receiver shall have all the broad and ef{ective funu~ons snd powers in anywise enlrusted by a Court to a Receiver, and
~uch appointment ihall be made by iuch Court ai an admitted equity and a matter of absolute ?~ght to seid h10RTGAGFE, and w+thou! referertce to the
adequaq or Inadequncy of the value of fhe property mortc~aged or to the solvency or insolvency of said MORTGkGOR o~ the defer.danti, and thet such
rents, profiri, income, issues and revenuas sha~l be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of ~uch
ca,rt.
8. To duly, pramptly and fully perfo~m, di~charge, execute, eflect, complete, Comply with and abide by each and every the stip~letiont, agreemenri,
condition• end covenant• in said promissory note and this mortgage ~et forlh.
9. Thet in the evenr the ownership of the mortgaged premiset, or any part thereof, becomes vested in a perspn other th~q~:tha~~tiiOQj~'vAGOR, the
MORTGAGEE, in wccei~on and assign:, may, without notice to the MORTGAOR, deal with such euc<e~sor or s~ccessor in w~~~fD,~;~c~.ro thi• +
mortfla~s and the debl hereby secured in the same manner as with Mortgagar witho~t in any way vitiating or'diicharging`,t}i A~prt ~flcyf'~a6,i/~'~ ;herr E
vnder or upon the debt hereby set~rtd. No ~ale of the premise~ hereby mortgaged and no forbearance on the part of ~E~, ,atyQ~~6~E"ce rt• T~~+ces~orf
or •tsiflnt end no extansion of !he time fo~ !he paymenl of the debt hereby tetured given by the MORTGAGEE or it~ ~Q,7SalicYi oi .~~~ignf~ sliddj 4Pe~at~ '
lo nk~sa, discharge, modify change or affed the original liability of the MORTGAGOR herein, e~ther in whole or in QZrf,. ~1J' ' _ _
' 10. It Ii specifitally agreed thet time i~ of tF.e asience of this contract nd that no waiver of any obligatiort~~reiL~er or of. the.obltyrji4n 'f~q•
Nred henby shalf et any iime thereafter be heid to be a waiver of the terms here~~ or of the in~t~ument ~ecured herb~G :
11, tn addition to the foregoing monf h ly payments o f princ pal and interest ~equired by tFe promissory note aecAtc~' Re~2by, rnortgagoe ~ov}f~et~~t
+nd aflrees to pay to mortgagee with each monthly payment an additionsl sum eitimated by morrg:.gee to be equal to l~l~,of,+fhe.an~~al co~T'of tl+e folbw-
1^9 e ~i, ! ' . . .
. • . -
A-All rea~ propeity ?axes levied or assessed against the above described real estate, . _
B-Premiums on fire end wind~torm in~~~ance a~ herein required to be carried on the improvements situate on fhe above dEsui¢ed premisef.
C-Premiums on such mortgege g~aranty insurance as mortgegee shsll from time to t~me deem fit to carry on the loan sefurec{ heraby.
_ hlortgagee ~hall from time to time notify mortgagor in writing af tha amount dua and payable hereunder and s~ch sum :hall thersupon be dus and ~
payeble on the due date of the next monlhty payment and each su:cessive month thertafter vnfil mortgagee sha!! nat~fy mortgago~ of a change in tuch
smount. Svch tums shall be applied by morfgagee toward the payment of real property taxes, lnsurance premiums, and mortgage guarenty insurante
p~emium~.
IN WITNE55 WHEREOf, ihR said MORiGAGOR Ig~,h to set hit hand a~d sea! the day and year firs ~fore~ ' ~
- Siyned, alcd end dellv~r ' rhe pre~ence qf~~, ~ L~~~ N D R E C 0 Rp E p ! ~
` ZY 1 • '
+ ~ ~OOK •o
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~7. •n
JA~ Z ~ tseeq :
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. y 2 cs~.n '
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3TAT€ OF ftORIDA r ~
` couxnr oF _ St. Lucie R~S~~':=t ~ n.:;S. CLERK ~
` CIE ~p ~
B~fo.NUnaeppnanal(y ~ppeared `E+@U~ 2 ond
, •t:~, ~
i wife, to ma wetl known arsd kreown to mu to bs
the Jr~dir7du+~it' _'•sn and who executed ths fore9oiny instrumsnt, ~nd acknowledyed before me that they ~aetuted the ~ame for tha purpc»es
~.~r'.X~..,.d. Arsd~Sl+e ~aid Helen E Reli ford
; _ w~t~ of~ tho ~+(d Fd D RQ 1 i f n r~i , upon a ~sperat~ and privst~ i
` :.iumirun:on by me ~tekep uparate ~nd apart from her ieid hv~band, acknowled8ed to and before ms thef ~he executed setd in~trument frrety and volure~ f
f = qril~i and wfthov}~ ariy Cbmpvltan, con~t~aint, appreheniion, w fesr of w from har teid huiband. ~
~ lY1TNE55 rriy fie~id'and official ieal tht¦ ~-Qttl dey of A, p, ~q_~ s
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. _ - .
~ J~`~ ~ Notery ubltc In ~nd for tM of Florida at Larp~ .
~ My Commisilon ~xpiras
Ret~rn To:
' t~ota Petlic. State of FlurJa at ~~~yp ~
~ Citis~ns F~danl S~vings 8 Lo~n Associ~lion ry '
' of S?. tvci~ Count My Comn~i<iion txy ~res t.iar±.`: ~;'uY ,
Y E„-.do.i 5r t...;..~a-~ c,~_ _ ~
. Ci ~
; Ft. Pierce, Flwide ll r~~ _ ' f
6UGi~ c`~ ,
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