HomeMy WebLinkAbout1537 And ~efd Morty~qon, for ~htm~alvt~ ~nd ~hetr h~fr~, I~q~l r~pr~~~M~tiw~, wtct~lor~ •nd ~?11pn~, hereby jolMiy ~nd ~~v~ra(ly cov~n~M ond •pr~~
b~nd wiih ~ha uid h10RT(3AGEE, iH wcc~u~or~ and u~tpni:
1. To p~y ~II ~nd ~fnputir tha princtpel and inttrtit ~nd th• virtoua and ~undry lumi o} mon~y p~y~bt~ by virru~ of ~~Id promf~~oty nota, •nd thl~
mortg~pa, uch end w~ry, prompily on ~h• d~y~ r~~p~ctiv~ly ih• ~+m• ~~w~~liy becom• du~.
2. To pey ~II +nd ~inqul~r th~ uxe~, e~~es~m~~u, I~vi~~, It~billii~~, oblip~tlon~ ~nd ~nc~mbranct~ of •vuy n~tur• •nd kind now on i~td d~ecrib~d
propcrly, or tfi~t h~r~~R~~ m~y b• impo~ed, wff~iei, pi~t~d, tsvitd, or ~p~u~d th~rton, or th~t h~r~elttr m~y b+ levtod a ~ifa~~d upon ihl~ Mony
•Qa, o~ Ih• Indabitdn~~~ ~ecurQd h~r~by, ~eth and ewry, wh~n du• ~nd p~y~bi~, •tcordiny to I~w, b~fore Ih~y bstom• d~l(nquent, •nd 6~1or~ •ny Int~r~~t
S:i3'.(;:i L: ~~y ~:er,a!:p f^,;;r+ta; stin !!~lSnceq p~ A1~Y TNERE~f I$ OF RECORD THE SAME SNAII EE PflOMPiIY SATISftED AND OISCHAROEO Of
aECORO AND THE ORIGINAt OffICIAI DOCUMENT (SUCH AS, fOR INSTANCE, iNE tAX RECEIPT OR TME SATISFACiIUN PAPfR O~fiCiAtlY ENPaR~Ep
OR CERTIFIED) SHAII BE PIACED IN TNE NANDS OF SAID MORT(3AOEE WITHIN TEN DAYS NFXT AfTER PAYMENT, ~nd in th• ~v~nl th~t •ny th~r~of i~ not
p~id, tal~~fied ~nd di/th~rg~d u'd MORTGAGEE m~y at ~ny tim• p~y th• ~~ma or ~ny p~rl Ih~r~of wtthout w~ivlnq or •ff~cNny ~ny opt?on, Ii~n, tqully or
Nqht undtr or by virtue o! ihii mortqage end fh• (ull ~moun? of ~ath ~nd •vtry ~uch p~yment ~h~il b~ immitJi~i~ly dui ~n~ psyibl~ s^s! tha!! bast f~letsat
~rom th~ dii• thei~af until p~id et rot• oi sipht per ctntum p~r ~nnum ~nd topNhor wSth wch inNr~~t th~ll b• ~tcur~d by Ih• ii~n oi th'~ morqb9~.
3. To pl~u •nd continuoutly k~ap on t?,~ buildinpt now or I,u~~ft~r tltv~t~ on ~~id t~nd and on ~II ?qvipm~nl •nd Fvnon~lly cov~r~d by thit mortp~
sp*, with ~II pnm(um~ thuaan patd fn full, fir~ imur~nc~ tn th• utu~l ~~~r,d,rd pol~c~ }orm, I~ ~ wm •pprovsd by Ih• MORIOAOEE, ~nd wind~torm
1n~unnq in tf~~ wwi ~r~nd~rd poiicy Toim, in ~~v«, i'yyivYiCS ~ji tAt A`ARTO~(3El, !n eueh temreny oi comp~nt~~ u th~ A10RT(3AOEE m~y
dlr~tt~ ~nd •II iir~ rnd wind~torm Inturanc~ poI1cIN on ~ny o} ~~Id butld~n9~, ~ny Int~refl ih~r~in or put th~r~of, In th~ •pprep~t~ tum ~for~~ild or
In •xut~ ~hersof, ~h~11 contaln th• viva! ~t~rtd~rd matp~y~• cleui• or ~utl~ oth~r cl~v~~ al th• Mortp~q~~ m~y nqutr~, m~king ths lo~~ under seid poll-
cla, eith ~n~ ~v~ry, p~y~bl~ to ~ald MORT(3AOEE u it~ Int~rsN m~y ~pp~u, ~nd ~~th ~nd •v~ry wth pollcy ~h~ll b~ promptly ~~~.pn~d ~nd d~liv~rsd to
rny htid by ~~Id MORiGA(3EE a~ furthar ~eturtty to c~td mor~p~pt d~bt, •nd, not Isu fhin t~n (10) d~yt In adv~rtta of !hi •xptration of •ich policy, to dr
~Iv~t to uld MOR1dAGEE a r~n~w~l thsraof, to~~lh~r with ~ NcNpt (or th~ pr~mlum of tuth r~n~w~l~ •nd ther• ~h~ll bs no iira or wind~torm In~ur~nt•
pl~csd on ~ny of ~N'd bvtldinp~, ~ny tnf~ra~ thent~ or p~rt th~r~o~, uni~e~ in ths form and with tt,• loli p~y+bt• efor~~~td~ and tn th• ~vsnt •ny ~um
ot mon~y b~cam~~ piy~ble urtder ~vch po!!cy or poltctei i~ld MORTOAf3E: ~h~ll h~v th• op~ion to r~uiv ~nd ~pply ths ~em• o~ ~tcounl pf th• lndebt~d-
ntu ~~cursd h~nby or to p~rmif t~id NORTGAGORS to nutv ~nd u~• H or •ny put th~r~o( (or other purpc~e~, w~thout thersby w~fving or Impeir-
Ir+q ~ny ~qutty, Uen or ripht under or by vlrtve of thf~ mortp~p~~ •nd in th• wtnt ~~td MORTC3AOORS ~h~N for ~ny r~~~on (~ll to ke~p !h• iild pnmU~i ~o
Inivnd, or fill to d~llv~r prdmptly ~ny of ~ald politl~~ of tmur~nts lo ~~id MORTOAOEE, or f~il promptly to p~y fully ~ny pnmi~m th~r~(o~ or in •ny
~~~p+cf f~il to p~rtarm, diuhuyq, tx~tut~, •fftct, compl~tt, tomply with ~nd +bid~ by thi~ cov~n~nt, or ~ny p~rt her~of, ~~id MORTGAGEE m~y pt~ce and
pay for ~uch Iniunnc~ or •ny parf th~reof wtthout w+tvln~ or •ffec?inp ~ny optlon, 1l~n, •quity, or riph~ undu or by virtue of tht~ Nlortyap~, •nd th~
fvll ~mounl of •uh ~nd evsry ~uch p~ymtnl ~fi~ll b~ (mm~ditt~ly du• ~nd p~y~bl~ ~nd th~ll b~~r Int~r~~1 from th• d~t• th~r~o1 untll p~id ~t th? ral~ of
nin~ p~? t~ntum p~r ~nnum end together wlih wch Inlerast ~h~ll bs ~~curad by tht If~n oi fh(t mortp~p~.
I, To Rermlt, commtf or ~uff~r no w~ifa, tmp~Irment or d~teriorarlon of ~~Id prop*rty or •ny p~n the~eol.
5. To p~y ~tl ~nd ~Inyutar th• co~r~, chuyu •nd •Xp~fltlt~ tnciudtnp • rQ~~onebla afforn~y'~ /~e ~nd coit~ of •b~tr~ttt of titl~, incurr~d or patd ~t
eny tims by uid MORTOAOEE, b~au~• or in ths •vtnl of th• t~ilur• on ths p~H of th~ ~~Id MORTt3A00R to duly, prnmp~ly end fuliy p~rForm, di~ch~rp~,
•xrcute, ~H~ct, compl~t~, tomply with and abtd• by ~uh ~nd •v~ry th~ ttipul~tion~, •yr~~m~nt~, tondlllort~, •nd <ov~nanf~ ol uld proml~toty noli ~nd th1~
morty~p• tny or •t~her, and ~a;d co~f~, ch~rps~ ?nd ~xp~n~e~, e~ch ~nd ~wry, ~h~ll b~ Imm~di~t~ly dw ~nd piy~blef wh~thv or not th~n b~ notice dr
m~nd, stt~mpf to toliKt or wlt p~ndiny~ and ihe tull ~mount of a~th •nd ~v~ry ~uch p~ym~nt ~h~ll bt~r Int~r~~t from Ih~ d+t• th~reof until piid al tht
r~h of nin• per centum per annum; and stl ieid co~t~, charQet ~nd axpsnia inturred or p~ld, IopttMr witA wch lnhrut, ~h~ll ba tecured by the Iten ot IhL
^nortD~D~•
6. Thrt ~n th• ~v~nt of any bre~ch of thi~ Mortfl~flo or del~ult on tha p~rt ot th• It10RT0AGOR, or (b) In tha •v~nl ~ny of ~~id ~um~ of monsy
h~nln r~ffrrtd to b~ not promptly and fully patd within Ihirty (30) d~y~ n~xi aft~r Ih• ~~m• ~~v~r~lly betomt dvs and p~y~b;~, withou! d~mend or noilc~,
or (c) !n Ih• •r~nl •~ch •nd avery ths ~tipul~tlon~, ~gram~nt~, condition~ ~nd tov~n~ntf of ~~id prOmilsary not~ ~nd th~~ mortp~~e ~ny or ~ither ar~ not
iuly, promptly and fully p~ttormed,~d~~chuqed, azecuttd, ef(ec~~d, tomplH~d, compli~d with ~nd ~bid~d by, th~n in aither or any ~uch ~v~nt th• ~aid
pry~t~ tum m~ntion~d tn ~~Id promittory not~ th~n r~m~ininy unp~id, with Fnta~eit att~vid, and •Il mon~y~ secur~d hanby, ~h~ll btcom• dv~ :nd p~y~
~61~ forthwith, or thart~ft~r, ~t th• option of ~~Id M9RiGAGEE, fvlly ~nd compl~loly ~s If •II o( th~ wid •umj o~ man~y wu• oriqtn~lly ~tipul~t~d
to b~ paid on tuth diy, ~nythtnq In uid promlt~ory not• or tn thl~ Mortp~y• to tht contr~ry natwfth~l~ndtnpj ~nd th~rtupan or th*rs~ft~r ot th+ option of
atd MORiGAGfE, withovt nofiu or dem~nd, wit ~t lew or in equity, th~refort or th~re~h~r b~gun, m~y b• proiecutad u if ~II mon~y~ ~Qturtd htr~by
h~d m~tur~d prior to tte Imtifution.
7. Th~t f~ th• ~v~nt thet •t th• b~qinninp of or il ~ny tim• p~ndiny ~ny wit upon thi~ Mor?p~y~, or to for~cioea it, or fo reform tt, or to •nforu
F~ymsn; cf •ny c1~Im~ h~reundtr, t~id MORTGAGEf ~h~ll apply to ihe Court h~vinQ ~urledttllon th~rtoi for th~ •Qpointm~nt of • R~ulv~r, ~uch Court ~hell
tonhwith ippoint a rec~iv~~ of ~~Id mortpep~d prop+rty ~II ~nd ~Inyul~?, Includinp ~II •nd ~Inpulu th• Income, profit~, I~wu •nd ~~v~nv~~ from wh~t~v~r
wurcs dsriv~d, •ech •nd ~very of which, t1 btinp •xprt~~iy vndu~tood, f~ h~nby morip~gtd H(f ~p~ci(1celly ~~t forth •nd d~:ol!»d i~ rh* yr~ntt.~p snd
habendum cl~ws~ he»of, and iuch R~celvsr ~h~ll h~v all th• bro~d ~nd ~ftepiv~ funcHon~ ~nd pow~n In ~nywis~ onuu~t~d by a Cou?t to • R~uiver, ~nd
tuth ~ppointmant ~h~li b~ m~d~ by tuch Gourt u~n ~dmitt~d tquiry ~nd ~ rtuttir 01 ~b~olul• ripht to ~~fd MORTGAGEE, ~nd withouf nftr~nt~ ta th•
~deqv~cy or In~dequ~cy of th~ v~tue oi th~ proparty mortgey~~ or to th~ ~oiv~nty or Insolvoncy o~ iald MORi(3AGOR a th• d~(~nd~ntt, ~nd thet tuch
r~nh, profft~, intom~, liwr~ ~nd r~vsnup ~h~tl b~ •ppilfd by tvth R~t~iv~r ~tcordin9 to th~ Il~n or aqutty o( t~id MORIGAGEE ~nd th~ prettics of ~uth
Cour1.
8. To duly, promptly ~nd fully psrform, ditchary~, ~xuut~, ~ffett, tompl~tt, tompty with ~nd •bids by s~ch and avery th• ~tipvl~tlon~, a~r~smanli,
tnrtditto~i and covan~nti Jn •sid promJttory not~ and thi~ mortp~y• ~~1 forth. .
9. Thd (n th~ •v~nt th• own~nhtp of th• mortp~ped pnmi~t~, or •ny p~rt th~r~of, becom~~ vut~d tn • p~rson othai thlrn ttrf910RTO~SOOR, th~
MORTGA(3EE, It~ tvccei~or~ and at~tyn~, m~y, without notia to th~ MORTGAOR, d~~l with ~uch ivtce~sor or iucc~~~ar in Int~r~s)•'w(th r~ier~n't~ to thi~
morty~p• ~nd tM debt A~reby ~rcund tn tha ~~m~ mtnntr wlth MortQ~ya w(lhout !n ~ny w~y vilietln~ or d~schuqinp 1Ki [?'lo?tp~qon' Il~b!{if~ tj,~r~
und~t or ~pon fh~ debt h~reby ~~cured. No ~~I• of th~ pr~mfle~ htr~by morfpEped ~nd no torb~annt• on Ih• pu1 of t!u MC'15{Tta/,GEE ot it1 ~vtquort
or uUOn~ •nd no ~xNntton of ths ttm• for th~ p~ymenl of th• d~bt her~by ~et~nd ptvon by th~ AItORT(3AGEE or ih tu2c~~tor~ vr titigra, iMl! ~opsrata_
~o nls~ss, d~cMrps, modify ch~np• or ~H~n ths oripinai It~bility of th~ MORiOApOR h~nin, ~ItMr in whot~ ar In put. : ' :
l0. It It ~p~eifitdly e9r~~d th~t tim~ i~ of th• •t~~nc~ of tht~ contrad ~nd thN no w~ivar of any obitg~tion hetsvAd0.r. ot of Ih~ obllQ~tbn ie~
eurecl Mnby ~h~lt at ~ny tlms the~~~ft~r b~ h~ld to M• waivu of th• t~rm~ h~reo} or o1 tha imlrum~nt ~ecured horby. ' ~
i i. In ~dditlon to the for~yoinq monthly p~ym~n?~ of princ p~l •nd Int~n~t r~quir~d by ihe promiuory not• ~acured hinby,' mortgaqor towr?~rttt
tnd apr~~t to p~y to mortQ~po~ with •ath monlhly pjym~nt •n •ddiNon~l •um o~t(m~~~d by mortflcye~ to b~ ~qwl to 1/14 of.iK~tnnwl tott of tfi~ follow•
ing: .
A-Ail reel property t~xs~ iwt~d or sise+~sd ~petmr ths •bov d~~cribed r~~l at~t~. '
E-Pnmivm~ on flrs and Kindstorm inwnnt• ~a hen(n rfqvir~d to M cur(ad on th• improvtm~nt~ iitwt~ on th• sbow d~~utb+d pramliet.
C-Pnmivm~ on wch morty~y• ywranty In~ur~na ~i mortprp« ~hdl f?om tJm~ to timt de~m fit to cury on the lo~n escUred her~by.
Mortp~pes ~h~ll from time to tim~ nottfy mortpspor in writin$ of tha imount du~ ~nd p~y~bit huaund~r ~nd t~th wm ~h~li thsr~upon b~ du• ~nd
pay~bl• on tfi~ dvs d~t• of th• ntxt monthly p~yment ~nd •~th ~~ccu~ivs monih ther~~ft~r un14) mpFlq~y~e ~h~tl notify mortyayor of ~ ch~ny in tuch
~movn~. Such ~um~ ihalt b~ eppNfd by mortQ~y~? tow~rd th~ paym~n! of i~!! prop*rty t~xa, Inwr~nc• pr~m~~mt, •nd mortgep• yuer~nry in~ur~nc~
pnmlum~.
IN WITNESS WHEREOf, ths s~id MORTCiAGOR .h~~ h~tQ~ ~1~~nd,.a~1,~.1M,,d}~ ~nd y~~r . Int aforn~td.
f^ Slynsd ,'.i~alid ~nd d~ll ~~~d M tho pn?~nc~ of~ I~~" `~r tL P( U C U ~
9 0 0 K % ~ ~
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~U~ J~~1 3 ~ PM `t . 33 ` ~3~~4
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# ~ , ~ .~r ~ 4
- n~r~ ~s c~nptn~ -i `~-',,'.f. r . ~
- ~St~t^ Lucie ~~CtF~ i~~i i r;•a5 CLERK ~
_
':""'T'~ ST LUCI C UNTY,
' ti, ;i~for. m: pi~r4ane.uy •pp..r«i e :
: . end ;
' v~ O@ t e rr hi~ wlf~, to m~ hrsll known •nd known ro rrN to b~
d ~!i~ :Individud~ dNC'riMd ~~d And who ~xscut~d th~ forpoi in~trum~rtt, md ~cknowl~td botot~ ma that th~y •x?tvted th~ sur» for th~ purpw~s
~ ~ ~rro~.~.,,~d. ~iu,a:rh. ~~d ~'iolet Sherrin , _ _
= ~ l ~ . = .
* ~ w~ of,_ ia d = •~S.LZ.a_.tl Shf3 rri n ~ upon . ap~r.r~ .nd pttv~t•
ikimtry~HerS iy-m~ t~k"ee lep~rato ~nd •p~rt irom h~r •~Id hu~b~nd, ~cknowiadytd ro•nd bafpr• ms th~t th~ ~x~tvted uid initr~m~nt freaty end volurr
~4y'a~d,p!~tha+t,~ix~,Fom9v~elon, coniir~int, ~ppnh~n~ton, w f~er of a from ha? tatd htnb~nd.
~WJTN~'mr4?ind~ond oNlctil pat thfa 29th d~y ~ Janua ~ p. 19 66
~ ~'~~~tircr..s:~:
t~ Not~ry ~ub!!t In ~nd r~ Sf~t~ a) f!ald~ ~t l~rQs
~ Return Tos ( Mr Corr,miuton ~xplr
~ C(Ni~n~ hd~rd f~vinp~ i 4s~n As~ocl~tlen ~~ota?y ?u~:it. _t,::• ~'~'.,~;:,~1 ;a.=jC
N,y Commss~.~o~ ~.~n•.~s t,,:.~a~ t, i5b9
of ft. lvci~ Co~n~y ~I . eor~-i e~ a c~.__::, co.
ft. Pi~rc~, Ftatd~ $Q%~r~~ ~ -
1
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