HomeMy WebLinkAbout1048 And said h~.ortgagors, (or themtelves and ~heir heirs, legal representafives, tuctetton aad essigns, htrehy jointly and leverally toveneM end aprea
ro and with ihe taid ,tiiORIGAGfE, lts svcceuors and assigns:
l. To pny all and singular Ihe piintipal and interesl and the various and sundry sumf of money payable by virtue of faiti promistory nofe, end th(f
mortgage, each and every, promptly on ~he days respeuively the same ~everal~y 6ecome due.
2. To pay all and ~ingular the 1ar.es, a~sessmems, ~evies, liabiiit~es, obligations and enc~mbrences of every nature end kind now on teid deurebed
property, or that hereafter may be impo~ed, suffered, plnced, levied, or assessed thereon, ur 1he1 herea(ter may be levied or a~teued upo~ Ihi~ Morip• r
age, or the indebtedness securrd hereby, each and every, when due and payable, according to law, before they becoma do!?nquent, and batoro sny Intero~l ~
attathes or any penal~y is inc~rred; ANO INSOfAR AS ANY Tt1EREOF IS OF RECORO THE SAME SNA1! BE PROMPIIY SATISFIEP AND OISCHARGED OF ~
RECORO AND TNE ORIGINAI OFfIC1Al DUCUh1ENT (SUCN AS, FOR INSTANCE, THE TAX RECEIPT OR THE SAiI$fACTION PAPER OFFICIA:IY ENDORSEU
OR CERTIFIED) SHAII BE PlACEO IN THE NANDS OF SAID MORTGAGEE WITHIN TEN DAYS NfXT AFTER PAYMENT, and in ff ~ event Ihaf eny ihertof it not
paid. sat~sfied and d~scnarged sa a n1vKl~ii~cc rt~ay e~ any ~~r~~r F,oy ~i.c ~ r ~(Fa.u„n anv nntinn. lien. eauity or
~~qht under or by virtue ol ~his mongage and the f~ll amount oF each and every such paymeM~shall be immediately due and payable and ~hall bear i~terost
~rom the date thereof until pafd at rate of eight pe~ centum per annum and tog_Iher w~th wch interest shall be secured by the litn of th'~ nio~gtaga
3. To pl~c~ and conttnuoutly keep on the building~ now or hereafter ~ituete on seid tand and on alI equipment end ~4nonelly rovered by thls mortg-
aQs, with sll premiums thereon paid in full, fire insurance in the u~ual itandard polity form, in a sum epprovtd by the MORTGAGEE, end windstorm
In~urance In tM usual ttandard polity form, in e fvm approved by the MORTGAGEE, in ~~ch company or tompanie~ •t the A10RTGAGEE may
direch and all firo and windNOrm fnsuranco policies on any of •aid bvild~ng~, any intere~t fhaein or pert thereof, in the eggregate ~um afore~did or
In exceu thereof, thall contain the ~sual ~t~ndard mortgagee clause or suth other clause et the Mortgagee may ~equire, makiny ~he lo~• under ~aid polF
tle~, eech m~t every, payable to ;aid h10RTGAGEE as its inlerett mey appeat, and each end every auch policy shall be promptly ast.gned and delive~cd to
sny held by tsid MORTGAGEE a~ funher securi~y to iaid morrgage debt, and, not les~ than ten (10) dayi in advance of ti~e ezpira?ion of each policy, to dr
tiver to ~aid MORTGAGEE a renewal thereoF, together with a receipt for the premium of ~uch renewal; and there shall be no fira or windstorm tniuranca
pleted on any of ~aid buildings, any intereet therein or part thereof, vnless in fhe Iorm and with the loss payable ai aforefaid; and in the event any ~um
of money becomef peyable under such policy or pol~cias said MORTGAGEE shall have the opt;on ~o receive and epply the aeme on account of ~he indebted-
rtssf ~ecured hereby or to permit aaid MORTGAGORS fo receive and ~ie it or any pert Ihereof for other pu~poses, without th>reby waiving or impair•
Ing any equity, tien or ~ight unde~ or by virtue of this mortgagt; end in the event •aid MORTGAGORS •hall for any reason fail to kerp the ~aid premiset so
in~ured, or fail fo delivar promptly eny of ~aid pot~cies of insurance to taid MORTGAGEE, or fail prompHy to pay fully any premium therefor or in any }
re~pect fail to perform, d~scharge, execute, ef(ect, complete, comply wirh end abide by this <ovenan?, er any part hereof, ~aid MORTGAGEE may place and
pay for iuch Insurante or any part thereof without waiving or afFecting any option, lien, equity, or right under or by virtue of this Mortgage, and the 1
full amount of each end every iuch payment shall be immediately due and paya6le and sfiell brar intereit from the date thereaf until paid at the rate of
ni~e per centum per anrtum and fogethei with such interei? shall be secured by the lien of this mortgage.
T~ , :v.::..... .~t~~~ ..t.!-, r_....._^+ !~!`twrinrwtinn ef ~eid nrooertv or env oa?t the~loE.
S. To p~y aIl and tinguler the cofts, charges end expensrs, including a reasonable attorney's fee and costs of ao;iractf of title, inc~r~ed or paid at :
•ny time by teid h10RTGAGfE, beceuse or in the eveni of the teilure on the ~,ert of the said h10RTGAGOR eo duly, promplty and futty pe~form, ditcharge,
•xK~te, effed, complete, tomply wit1~ and abide by each and every the ~tipulation~, egreements, conditions, and covenants of faid promissory note and thit
mortgege any or either, and said cost.+, charges and expenses, each and every, shall be immecliately due and peyable; whether or not there be notice da
mend, attempt to tollett or ~vit pending; and Ihe fu~l amounl of eath and every such payment shatl bear interest from the date thereof ~ntil peid al the
rate of nine per centum per annum; and all said co3ts, charqes and ezpenses incurred or paid, together with x~ch intere: , shall be secured by the lien of thit
mortQeqe.
b. That (a) i~ the event of eny breacfi oi thi~ nlortgage or defeult on 1he part of the MORTGAGOR, or (b) in fhe evenf any of feid sums of money
herein referred to be noi promptly and fully paid wethin th;rty (3a) days nexl after the +amr severally become due and payab!e, without demand or notite,
or (c) ln ths event each and every the stipulations, agreemenrs, co~d~tions and covenants of taid promissory note and th~s mo~tgage any or either ~ro nof
~uly, p!omptly and fully performed, d:scharged, executed, ef(eded, completed, complied wirh end abided by, then in eilher o~ any ~uch evenl the ssi~ aQ~
preyate tum mentioned in snid promissory note then remaining unpeid, with interest accrued, and all maneys secured hereby, ~hall become due and pay-
•h~• forthwith, w. Ihereafter, at the option of ~aid MORTGAGEE, as tully and completely as if ell of the said sums of money were originalty •tipu(aled
to be peid on such dey, enything in sa~d promissory nor~ or in fh+s Moitgage to the contrary notwithstanding; and thereupon or thereafter at the aption of
~aid MORTGAGEE, wilhout notice or demand, suit at law or in equity, thereFore or thereafler begun, may be prosecuted as if all meneyi secured hereby
h~d mawred prior to its inititution.
7. Thal in the event that at the beginning of or at any fime pending any suit upon this Mortgage, or fo foreclose it, or to reform it, or to enforce
payment of any daims hereunder, ~aid h10RTGAGEE ihall apply to the Court having j~risdidion tfiereoi (or the appoimment of a Receiver, tuch Cuvrt shall
forthwith appoint a receiver of said mortgaged properiy all and singular, includ~ng al) and fingular the income, profits, issues and revenuef from whetever
wvrce derived, each and every of which, it being expressly understood, i~ hereby mortgaaed as if spec~fically set t~rth and doscribed in the gronting and
hebendum clauses hereof, and such Receiver shall have all the broad and ef(et+ive funct~ons and powers in anywise entru~ted by a Court to a Receiver, and ~
tuch appointment shall be made by svch Court a~ an admitted equiry and a matter of absotute rfghf to said MORTGAGEF, end withoul reference to fha ~
adequacy or inadequa:y of the value of the property mortgaged or to the sofvency or insolvency of said h\ORTGAGOR a the defendantt, end that ~uch
rentf, profits, income, issues and revenues shall be applied by such lteceive~ accordinp to the lien or eauity of said A50RTGAGEE and the practice of such `
Court.
8. To dv! , rom 11 end fu)1 L~~~~,,,,
Y p p y y perform, di:charge, execute, effect, complete, tomply w;th end abide by each end every the ,~,Apufa~ p~, l~qqmants,
conditiont snd cavenants in •aid promissory note and thi~ mortgage ~N forth. ~ J ,
t! . • ;
9. Thsf in the event the ownerahip of the mortgaged premises, or any p~rt thereof, becomet vested in a peison othCL'tM~ tifb J~AOR~C~AGOR, thp
MORTGAGfE, tt~ •uccessors and assigns, may, wirhout noticr to rhe MORiGAOR, deal with such svccesso~ or succe~sor in~invere~t wij~ tefetente .to thiy +
mortpaye and the debt hereby iecured in the same manner at with Mortgagor without in any wny vitiating or ~discharginQ: th8 A~6tfg~gon' liability, hete~
under or vpon ihe debt hereby secured. No sale of the premises hereby mortgaged end no (orbearance on the part of ihe MO~T,~'iAGEE or its tuccisto~t•
or u~igni and no extention of >ha time fer the pnyment of the debt hereby ~ecured given by the MORTGAGEE or itt su~e3iots-or atf~gns, thall operah
to nk+t~, discharge, modify chartge or affed the original liability of the MORiGAGOR herein, tither in whole or In patt. • , ~
10. It i~ spetifically agreed that fime is oi the eisence of this contrad and thet no waiver of eny obligation heievRt~6t~ot of tM oblisf~Uon Cer-
tvrad heraby •hafl ~t any time thereafter be hetd to be a waiver of the termi hr~eot or of rne insvumem secured 'neroy. J'•,~ •
i 1. In eddition ro the foregomg monthly paym=nt~ of princ pa! and interesl required by the prom;swry note secured hjteby, rrt~ pp?~ E'pvenenT~
and aprecs to pay to mortgagee with each monthly payment an additional tum estimated by mort~;,gee to be equal to 1~12 of the uil:~di the follow-
ing; ~~~.i:. •
A-All re~l property taxes tevied or essessed againsf fhe above described rcal estefe.
8-P~emiumt on fire and windstorm insurance as herein required to be carried on the improv~ments situate on fhe above described premises.
C-Premiums on s~ch mortgage guaranty ins~rance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgegee shall from time to time notify mortgagor in writing of the arrount due and payable hereunder end such sum iha(I thereupon be dve and
b pay~ble on the due date of Ihe next monthly payment end ea~h aucce~sive month thereafre~ ~ntil mortgagee shall notify mortgegor of ~ change tn such -
amount. Such sumf :hall be applied by mortgagee townrd the paymen~ of renl property taxe~, tnsurance premi~mi, and mortgage guarenty insurance
premiumt.
IN WITN"cS5 WHEREOf, the ~aid l~10RiGAGOR hes hereunto tet his hend and ~ea! the day and year first aforesaid.
_ ~ Siflntd, S~a~ed and elivar d ln fFe presence or: FI l E D A N D~R E C 0 R D E D. /c~s<--~ ~
.
.
^ ~ _ lN--~~~''-~..L 800' .
G~~L _ ~u ~ 'n 3
•n
'66 JAN 2 0 AM : 4 2 ;
STATE OF F10RlDA ~ . ~_~q ~ i [~~g ~
~ ~ t st
Cout~rof St Lucie G~r ~.:~J ~ r ~
i :~N~. CLERK
bsf«e me penonally appeared S~'~.~~ ~~~~Y~_ ~nd
- N~~ Y' hi: wife, to me wall known and known to m~ to bs }
i
tt~ Indiridu~ls desuibed In snd who executed the foreyoing in~t~vment, and ~clcnowledged before me that thsy executed the ~ame for tF» purpoiei y
tMnln ~xpreued. And the taid ~fll'1 R.~kcr - ~
wif~ aF tM .,~a - Thomas B~ker a sapar~te ond pr'rvat~ z
~x~mfnption by me teken ~eparate and apert from her seid hu~bsnd, acRnowl¢d~ed fo and before ma that. ~ha ezecurell :~f¢ initruinent freely artd volurr ~
?a+ily snd without any compulsion, conatrnint, spprehen:ion, or fear of or from her uid hviband. ~ '
WITNfSS tn hand and official teal thi~ ` ~
y 1 C~t:h dey of A. D. 19.~ ~
~ : 3
Notary Publfc In •nd': ~ Stt.~1 of~tr]prid~ at l~rye ?
My Commwti ~xpitad - << _ ~
Relwn To: . j.. ~ • s
Citi:~ns Feder~l Savings 3 Losn Asiocialion ~j°~alY ?'unuq Stp~-pf= Florida at Laiqe
~y .CorAmtaaio0 .~p`jres Qct. 2S, 2967
of St. Lucia Counly ~
,~~`~r:rrntt«~''
Fr. Pierce, Flaide ~ ~ _ • :
v :
uor~ ~