The URL can be used to link to this page

Home My WebLink About0100 And said Mort9agor3. (cr themsetves and their hzirs, fegal represen;alivet, ;ucceesors and assigns, hzreby jointly and sevarally covenant end ~~res to and with the s~id h10RiGAGEE, i~s successois a~~d assfgni: 1. To p~y ail and Oingular the principal and imerest and the various anc; sundry tums of money pnyable by virtve of aaid promissory nofe, and thft mortgage, each and every, promplly on ihe days respeUively the ;ame severally became due. 2. To pay all and fingular the taxes, assessmems; levies, tiabilities, ohligations and encumb~~ncet oi every nat~re and kind now on teid deacribud property, or tha~ hereaiter may be ~rnpoted, suF(ered, placed, levied, or asse~sed Ihereon, or that hereaiter may be levied or isse~ied upon this MorIQ- age, or the indeb~edness necured hereby, each and every, when due and payable, according to iaw, before they become delinqvent, and befo~e any I~?o~e~t attathes or any pena(ty ~s incurred; AND INSOFAR AS At~lY ItiEREOF IS OF RECORD THE SAh1E SHAII 8E PROMPILY SAiISf1En AND DISCFIARGED OF iiiZt~RD AP~D TiiE ORtGE:`d:At OF'~Cl."-.! L?^tl~MENt (SI~CH AS. fOR INSTANCE, TNE TAX RECEIPT pR THE SATISfACT10N PAPER OFFICIAIIY EPlDORSfO } OR CERIIFIED) SI~AII BE PIACED IN TNE HANOS C~F 5111D MORTGAGEE WITNtN TEN DAYS NEXt AFTER PAYMEtJT, and in ~he eveni ihat ei~y i'r~ereoi it rai ' paid, satsfied and d~scha~ged sa d MORiGAGEF inay at any Yme pay the samt or nny part thereof withoul waiving or affecting any optio~, lien, equity or .iQht under o~ by v~rt~r oi this mortgoge and the full amount ol eath and every such payment shall be immediately due and payab~e and shell bear interest ~rom the date thereof until pa~d at rate of ei~ht per centum pcr annum and together w~th such interest shall be secured by the lien of th'f inerglage. 3. To plac~ •nd continuou~ly kcep o~ the buildinflt no~v or hereefter ~iluate on ~atd lend and on all equipment snd per~onelly covered by Ihi~ mortfl- spe, with ~11 prsmiumt thareon peid irr ful~, (ire insurance in the utual :tandard policy form, in a•um approved by the MORiGAGEE, and wlndstorm Intur~nte ln the usual •tandard policy form, in e~ur..~ epp:oved by the MORTGAGEE, in •vch company or compsnie~ e~ the AIORTGAGEE may dired; •nd ~II firo end w~ndstorm in~u~ance policies oP~vwK of said lwildmg~, sny interesl theretn or part thereof, in the eggregate tum aioreiaid or in exu~s thercwf, thall contain the usual st~ndard mortgagee claute or iuch o~her clause a~ the Mortgagee may require, making the lots under faid poH- cie~, each anct every, payable to ~eid MORiGAGEE af its intereif iney appear, and each and every such policy shall tx p~omptly as~.gned and delivered to any held by ~eid MORTGAGEE as furlher seturity to said mor+gaga ~debt, and, not les~ than ten (10) day in advance of 11ia expiration of each policy, to da liver to taid h10RTGAGEE a rcnewal thereof, together with a receipt for the premivm of ~uch renewat; a~d there shall be ~o f~re or wind~torm tnsurance pleced on eny of seiii buildings, any ente%rst therein or pert thereof, unless i~ the form and w~fh the loss payable as afore~aid; and in Ihe event any ~um of money betomet payable under such policy or pol:cies said h10RTGAGEE shall have the option to receive and apply the ~ame un atcount pf the indebted- ness secured hereby or to permit ~aid MORTGAGORS to receive and use it or any part thereof for othe~ purposes, without Ihe~eby waivin~ or impair• Ing any equity, lien or right under or by virtue of thi3 mortgage; a~d i~ the event said MORTGAGORS shall for any reason feil to keep the ~aid premise• to tntured, ot fail to deliver promptly any of ~eid policies ef insurance to ~aid MORiGAGEE, or fail promptly to pay fuily any premium therefor or in any respect fait to perform, discharge, execute, ef(ec?, complefe, comply with and ab;de 6y thi~ covenam, or any part hereof, said MORTGAGEE may place and pay for auch fnsurance or any pnrt Ihereof withouf waiving or affecting any option, lien, equity, or righl under or by virtue oi this Mortgage, ~nd tht fu11 amount of each and every t~ch payment shall be immedialety due and payabfe and shall bear inte~ett from the dete lhereof until peid a1 the rate o1 nine per centum pe~ annum and together with such inlerest shall b. secured by the lien of this mortgage. A. To permit, commit ot suffer no waste, impairmen~ or deteriorotion of ~eid property or any part thereof. 5. To pay all and •inguler the toiti, cherges and expenses, intluding a reasonable attorney'i fee and coats of a6slracls of title, in:uired or paid at any time by taid A10RTGAGEE, because or in thr event of Ihe failure on the part of the ~aid h10RTGAGOR to duly, promptly and fully pertorm, discharge, ~zecute, effecf, tompltte, comply with and abide by each and every the stipulation~, egreements, conditions, and covenanti of said premiisory note end thii morfgege any or either, and seid co~IS, charges and expenses, each and every, shall be immediately due and payabfe; whether or not there be no~ica dr mend, attempt to co(tect or ~uit ponding; a~d the futl amount of each and every such peym<ro shaU bear interest from the date thereof umil paid st the rote of nine per centum per ann~m; and a;l said costs, charqes and rxpenses inturred or paid, together with suth interosl, ~hall be setured by the lien of thi~ mortgage. G. 7hat (a) in the event of any breach of this Murtgage or default on tha pert of the MORTGAGOR, or (b) in fhe event any of taid •ums of mo~y herain referrcd to be not ptomptly and tulty paid within thirty (30) dnys next after !he same teverolly become due and payable, withoul demand or notice, or (c) in ihe event eath nnd every the stipufations, agreemeNs, condition~ and covenanb of sa~d promiiiory note and th~s mortgage eny or eiiSer ara naf iuly, promptly and fully periormed, d:scharged, executed, effected, compleled, complitd with and abided by, then in either or eny •uch event Ihe ~eid ay~ prryate a~m mentioned in teid promissory note the~ rrmaining unpeid, with interest atcrued, and all moneys secured hereby, thall betome due end pay~ shla forthwith, or thtreafter, at the option of said MORTGAGEE, as fulfy and camplete(y as if ell of the said sum~ of money rr•ere originally •tiputsted to be paid on ~uch day, anyfhing in said promissory no!e or in this Mortgage to the contrary notwithstanding; and thtreupon or thereafle~ at the option of teid MORTGAGEE, without ~otice or demand, ~vit at law or in equify, therefore or thereafter begun, may be prosecuted as if ali money• securad hareby Md matvred prior to its instituiion- , 7. That tn the event that at the beginning of or at any timr pending nny suit upon this Mortga9e, or to foreclose it, or to reform it, or to enforte payment of eny claimi hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof for the appo~ntme~t of e Receiver, tuch Court ahell forthwith appoint a receiver of ~aid mortg~ged proRerty all and singutar, inctud~ng all and singular the +ncome, profits, i~sues sr.d rovenuee from whatever wurce drrived, each and every of which, it being expressly understood, i~ h2reby mortgaged as if speufically set forth and described in the gronting and habendum clauses hereof, and such Receiver shall have ell the broad and effective function~ and powers in anywiie entrusted by a Court to a Receiver, and ~uch appointmenl shalt lx made by svch Court as an ndmitttd equity and a malter of ebaolute right to said MORTGAGEE, and without teferente to the sdeqvacy or inadequacy of the value o4 the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, end that ~uch re~t~, profit~, income, iuues and revenues shall be apptied by such Receiver eccording fo ~he lien or eQUity of said MORTGAGEE and tha prectice of futh Gourt. , 8. To duly, promptly end fully perform, di:charge, execute, effect, complete, tomply with and abide by each and every the stipulations, egretments, conditioni end covenant• in said promissory note and this mortgage set forth. 9. Thet in the event the ownership of the mortgaged premi~es, or any part thereof, becomei vested i~ a person other then the MORYGAGOR, the MORTGAGEE, itt :uccessor: and at~ign~, may, without notice to ~he MORTGAOR, deal wilh suih successor or successor in inierest with reference to thi• mortge9e end tha debl hereby secured in the same manner as with Mortyagor without in any way vitiating or ~dischargirg the Mortgagors' liability herp under ot upon the debt hereby iecured. No sale of the premise~ hereby mortgaged and no forbearance on the pert of the MORTGAGEE or its suctesson ar aisignt and no extension of the time for the paymen? of the debt hereby secured given by the MORTGAGEE or it~ tutcessor: or assign~, ihall operat~ ro nkr~se, di~charye, modify changa or affed the original liability of the MORTGAGOR herein, either in whote or in part. 10. It it specifically egretd that time ii of the essenca of this contract and lhat no waiver of any obligation hercunder or .q(+tA~ ~o1~l~jatJqn Le• cvred hereby thell ~t any time thereafter be held to be a waiver of the terms hereof or of the ins~r~ment secured herby. ''f~;) - . N. !n addition to the forego~ng monthly payments of princ pal and interest required by the prom~ssory note secured he{~~~riprt~~goi'tCVAr~h1i ~nd agreas to pay to mortgagee with each monthly payment an additionsl tum es?irnated by mortg;,gQe to be equal to 1/12 of tE~e tfinyd~ ccft-Qf thq ~8tfo+ir~ ' inp: - • " ~ A-All reat properry taxe: fe~ied or essased against the abova described real estatt. ~ ' = 'u - 8-Premium~ on fire and windstorm insurance as herein roquired to be carried on the improvemeNS siwate on the abome ~dLS9~ryb~f,premiseE. ~ C-Premiums on such mortgage gua;anty insuronce es mortgagea shall from time t~ time deem fit to carry on the Ionrt=securCi~~hereby. Mortgngee shall frorn time to timc notify mortgago? in writing of the amount dua and payable hereunder end such aurrS;j~e1~~t{iereyF;pn bfe~dv~in~; pay~ble on the dve date of the nex? monthly peymant nnd eath successive month thereafttr until morfga~ee ~hall nqtify mortga~~;b4.,a ~ th3ri~a.+Yi~uch ~ ' amount. Svch sums ~hall be spplied by mortgagee toward the payment of real propcrty taxe~, Insurance premiums, and mort¢; ~p.~yup~Yrif~i., ~nfucJr(Ce premiums. ' . ; f ` ~ . IN WITNE55 WHEREOf, the eaid MORiGAGflR t hereunlo :et hit hend end seal the day and year firsl afore:aid. ~ r~~'1t%37i:~1:~~~~, SlQnsd, ed snd iv r' the :en e o~~ L E ~ Q N ~ ~ C R d~ p „ _ ~ ~ecor~ 3 0 0 - f? ` - K a4 s .o s JAN 26 PM 3: 00 3TATE OF FLORIDA ~ ? St. Lucie ROG ~ i`~ courmr oF 01 TRE~ S, ~ LE~( dofor~ ms penonatly appsared ST' ~'UC~Q~iHS2'~1El9~ Y_ ~Bj.lB V a~ • B_ ai leVhis wifs, to me wall known e~d known to m+ to be ! fF~ lnd~ri¢i~a ~d~Siped in •nd who ezxuted tha foreyotny initr~mant, snd acknowledyed befors me that they executed tho ~eme for the purpose~ ~s~;~~~~.;~a~~r~ •aid BarbAra M Baile,v : w~1{~`•pf~~t»~N{d~T:~_ r, Charles P, Bailey upon e upante ~nd prtvat~ : j 5*li~tion.bx`r~ ~s~n seParate and apart from he~ seid h~sband, ~cknowledyrd to and before m~ thel she executed ~sid insttumoM freely and voluo- 'r ~~y: ~3+r~tKo~t Iny Eo~puls~on, conitrsint, apprehension, or fear of or from her said hutb~nd. ~ 'J :~VI)NfSS,~jr ~and~nd~fficial ~ee! thi~ 26th dey of &n a A. D. 19~ ~ " `G ; : . . ~ . _ ~ ' p~`' ~ ~(v Notery Public tn ~nd for t~ts af Flofld~ •t larp~ t ' My Commtttien axpiret: ~ ~i~ / ~ • , -f Ret~fr~ .'~o: i~~ - ~ ~ , Citis~n~~~Md~s1141~~nngs 8 loin Association ~~Oldry pi,~J;i, Ct,!~ ,,r r~.•', : of St. Luci• Coun1Y ~y ~orr.::::,s: - - • • ,1~.~, a ,~t ~ ~t¢g. ~ ~ : ,,:r~.~ l. i96S1 Ft. Pierce, Flwida k ' ^ ~3, t.:, , c ~ 6~~;K ~QU • ,r Ca. _ _