HomeMy WebLinkAbout1660 And ~atd Martgagor~, far them~elves end ~hei~ heir~, leyal teprt~enl~fivb~, i~cufsor~ and •~s!gn~, hereby jointly and ~av~relly toven~nt ~nd ~flres !
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~o and ~vith the said A10RTGAGEE, itt ~ucceisnn and at~ign~:
1. 1o pay all end ~influler the principel and intere~f and Iht veriout ~nd ~undry tuml of monay pey~bl• by virtu• of taid promit~ory noto, and thf~ t
mertgage, ea:h and every, promptly on the day~ retpectively th• fame t~v~rally b~<om• du~.
2. To pay ~II end ~ingular ihe taxei, +~feftmsni~, I~vief, Ii~biliNe~, oblly~tionl •nd ~ncumbr~ncef of every nature end kind ~ow on Iaid dsscribad y
property, or th~t heiea(ter mey be impoted, ~uf(ered, pleted, levied, or a~se~sed thereon, a ih~1 hereatser rnry b~ levied or e~tie~~ed upon ihts MortQ-
~ge, ar the indebtedne~s ~ecured hereby, euh end ev~ry, when due end psyabi~, ~ttordinq to I~w, k»fore lhey becom• delinqu~nt, and ba(ora a~y Inttre~l f
~ttachai or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RECORD TNE SAME SHAII 8E PROMPTIY SATISFIED AND DISCHARGED OF ~
RECORD AND THE ORIGINAI OFFICIAL DOtUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR TNE SATISFACTION PAPER OFFICIAIIY ENOORSED 7
OR tERTIFIED) SHAII BE PlACEO IN TNE HANDS OF SAIp MORTGAGEE WITHIN TEN DAYS NEXT AFiER PAYMENT, and in the avent that any tharcof io not
paid, ~at~sfied and dischsrged sa'd h10RTGAGEE may at any t~me pay the ~eme or any part thereof without weiving or aifecting any oplion, lien, eqvity or
.iqht under or by viitue of thi~ mortgage end the tull amounl of each and every ~uch p~ymeni sh~il be immediately due enJ payable and shill be~r intent~
from thr dete ~hereof unt~l pa~d at rote of elght pe~ centum p:r annum s~d together w~th wch intarrtt ~hall be ~ecured by the lien of th:~ morgtsfle.
3. To pl~c~ a~d tontinuou~ly ktep on the bullding~ now or hsr~efttr ~~t~~t~ on ~~Id I~nd and on ali equlpment end perlon~lly cov~rtd by thit rttortp-
sy~, wifh •II pt~miumt Ih~r~ p~id In f~lt, ftr• inwrsnc• (n Ihe ~~u~l ttandud policy form, in a ~um approvtd by Ih• MORIGAG[E, and wind~torm
in~~ranc~ In t1s~ u~val ~randerd policy fam, in • e~m •pprov~d by th~ MORTGAGEE, tn ~uch company or comp~nle~ •e ths AIORTGAGEE may
dtr~dJ and al~ fire and wind~torm inwrsncs poiidf~ on any of ~eid buitd~ng~, •ny Inhr~~t Iharein or part tharaof, in th~ •pyr~y~t• t~m afo~~~aid w
In exuti ther~of, th~ll cont~t~ th~ utual ~t~nderd mortfl~y~~ cl~u~e or ~uch oth~r ci~ut• •f Ih• Mwty~y~• m~y requir~, m~klnp th• lois ~nd~r ~~id po1H
ct~~, e~ch sn~ ~vsry, p~yabl• to ~aid MORTGAGEE a~ it~ int~n~t m~y •pp~~r, and each •nd ~vary ~uch policy thall ba promptly s~~.pnsd and d~ltvared to
~ny Mld by ~~td MORTGAGEE further tec~rity to i~id mattp~9~ d~bt, and, no! leu tha~ ten (IU) daya in edvance of ths •:piration ot euh policy, to dt
Iiver to ~aid MORTGAGEE • renewal thereof, topether with • ret~tpt for iha pr~mlum of svth r~newalj ~nd !h~rs thell be no fire or wind~lorm inwr~nc~
piec~d on •ny of t~rd bulidin9~, •ny intersst therein or part Iharaof, unla~f in th• form and wllh Ihe lo~~ p~yable u afora~~id; and in the avsnt ~ny tum -
of money batome~ p~yablt under ~uch poliq or policies utd MORTGAGEf ~h~ll hav ths optio~ Io r~ceive and apply the s~ma on •ccount pf ths Indebled•
n~~i ~~c~rad h~reby or to permit ~ald MORTGAGORS to receiv and ute It or any pe~t thereof for other purpofes, without thrreby weiving or impair-
Inp •ny eqvity, Iten or ri9ht und~r or by vlrtu• of tht~ mortysps~ and In the ~v~nt iaid MORTGAGORS ~hall for any reeson f~ll to keap th? •atd premi~e~ ~o
Inturad, or f~tl to dellv~r promptly any of tsid politl~~ of In~urance to ~atd MORTGAGEE, or fail promplly to pay fully any premlvm therafo? or in eny -
rt~pect (~II to per{orm, diuharyt, execute, efftct, tomplete, comply with and abtds by thi~ <over.ant, or any part hereof, taid MORTGAGEE may pleca and
pay fu tuch In:urence or any p~rt ther~of wi~hout waivlny or affecHny any option, Ilen, squity, or right vndcr or by virtua of this Mortyage. ~nd tht
full •movnt of •ech and every iuch p~ymenl sh~ll be immedi~tely du~ and payabfe •nd thall baar fntereal from the date theraof until petd •t ths rat~ ot
nine per centum per annum and to9ether with ~uch tnte~e~t ~hall be tecurad by the lien of thl~ mortpeye.
Te rarr.±!!, tssmmlt ~r tvffsr n~ vr~eta, lm~~irment or ~ltetlAtG1I6!1 4} seJ~ property or any peH ther~oF.
5. To p+y all and ~irtpulu tho coat~, chergef and •xpanaE:, includinq s r~a~onabls •ttorn~y't tee and costi o( abstract~ of fitle, irtcurred or pald st
~ny timt by tefd MORTGAGEE, bec~u~e or tn the event of the feilure on ths pert of th• t~ld MORTGAGOR to duly, promptly and fully perform, diuharq~,
~x~c~tf, eff~ct, complets, tomply with artd abide by eath er.d tvery the ftipvl~tionl, aflreemtntt, tonditioni, ~nd tovenints of taid promtssory note •nd thii
mortp~p~ any or either, and ~eid co~tt, cheryrt and expen~e~, e+ch •nd every, shall be,lmmadietely due end peyable1 whathar or not thua ba notice da
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rate of nine per ceMum per ennum; and all said co~u, cherpes artd expentes int~rred or patd, toyether with wch inten~t, ~hall b~ •ecured by the lien of thii
mortp~p~.
6. That (a) tn ths event of eny breech of thi~ Mortgags nr default on tM part of the MORTGAGOR, or (b) in tha ~vent any of tetd •umt of money
Mrtln r~ftrred to be not promptly and fully peid within thirty (30) dayt next after th• t~ms eevarally become due and payabla, without dam~nd or notlcs,
or (c) In tM ev~n1 e~ch •nd evary the stipulation~, agreement~, condition~ ~nd covenantt of t~id promi~~ory note and thit morlpeye •ny ot aither ere not ~
iuly, promptly ~nd fully performsd, d~tcharge~, ezecutrd, ef(ected, tompleted, complitd with and abided by, then in either or ~ny s~ch evtnt Ihs t~id a~
prs~~t~ tum mantioned In said promis~ory nate then remafning ~np~ld, with tnf~rett ectr~ad, and ~II money~ ~ecured hereby, ~hell betome du• and pay~
e~!e f_tth:~lth, M 1Fute~fter, ai !he option of eei~ MORT~sqrEE, e! fu!!y e~ temsl+ately a~ if sll of 1hs eeid sums of money wer• oripln~liy etipul~ted
to b~ F+aid or? ~uch d~y, anythinfl tn ~aid promiasory note or in thii Mortpege to th• contrary notv.ith~tendin9; and thereupon or there+ft~r at th~ aption oi
~aid MORTGAGEE, without notic~ or demand, ~uit at law or In ~quity, therefors or thert~ftsr beg~n, msy be prosecuted e~ if sll monsyi ~ecurad hertby
had maturcd prior ta itt Imtitution.
, 7. That in the event that at the beginning of or et any tima pandinfl •ny ~uit upon this Mortyape, or to foreclo~• it, or to reform it, or to enforco
payrrseni of any cleimt heraunder, ~eid MdRTGAGfE thall epply to the ~ourt having (~titdiction thertaf for Ihe appo;ntment af a Receivar, tuch Court fhall
fonhwlth appoint • receiver of ~aid mortpaged property all and ~Inyuler, includ~ng all and ~ln9ula? ths Income, profit~, i~~uei end revenues from whatsvsr
~ource derived, e~th and evsry of which, it beiny ~xpre~~ly ~ndentood, t~ hereby mortfl~qtd ~t if ~peciFically tel forth •~d desc~ibed In th~ yrantinp and
habendum clause~ hanof, a~d •vch Recstver ~hell have sII the broad •nd effective f~nction~ ~nd power• in anywise enlruo?ed by a Court to a Receiver, ~nd
~ ~~ch ~ppoinlmant ihall bs meda by tuch Court a~ an admined equity •nd a rt+attar ot ~bsolut• risht to ~~id MORTGAGEE, and without rsferenc~ to ths 3
~~dequaty or Inadeqvacy of the rslus of the property morty~yed or to the iolventy w tnsolvsncy of •ald MORTGAGOR or tha defendint~, ~nd that ~~ch -
r~nt~, profih, Income, isives and re~~n~sa ~hel! be applied by iuch Receiver actordiny to th• li~n or tquity oi s~id MORTGAGEE and tha pr~ctiu of ~uch %
Court.
8. To duly, promptly a~d fully perform, diuharge, exec~te, affect, complete, comply with ~nd abide by eech ~nd ~vsry the illpvl~tion~, ~graeme~n,
oonditloni and rnvtnanta in •aid promii3ory nots and thi~ mortflag• s~t forth.
9. That in the ~vent th~ ownsnhip of ths mortgayed premi~a~, or any p~rt thtreof, become~ vested tn a perwn other then tha MORTGAGOR, tlw
MORTGAGEE, It~ •ucceuon and ai~ign~, msy, without notice to th~ MORTGAOR, ds~l with avch wcce~tor or wcceitor in intere~t with referenf~ to thi~
mortysp• •nd the debt hareby ~et~red in the tams manntr a~ wfth Mortp~yor without In eny w+y vitiatinq or ~ditcharytny ths Mor~p~yor~; .I~lbl(ity here~
undar or upon ths debt hareby ~ecurad. No ~el• of the pr~misei hereby mortysped and no (orbeannc~ on ths pert of ths MORi(iACtEb or tri•tucu~~or~
or ~ui9ni and no ~xtention of Ihs time for the payment of th• debt hereby secured yiven by th• MORTGAGEE or it~ iuctssEOrt,vk;~esl~pns; ~~iarfl•opsrat~
!o nl~aw, difcf?~rp~, madify ch~nfl• or •ff:d the ori9in~1 It~bility of th~ MORTGAGOR Mnin, aitMr in whof• w In parf. • . -
10. It fs speciflc~lly ayraed thet ttme i~ of the e~a~nc~ of thf~ contr~cl and thal no walv~r of •ny oblige?ion hereudil~-o,~'af 1M oblig~!(on cs•
cvred her~by ih~ll ~t ~ny Iim• ther~after bs hald to ba ~ w~{ver of th~ t~rm~ hersof or of the ins~r~menl tecured herby. ' •
i 1. In addition to tht forefloing monthly paymenh of princ pa! artd lnterest req~ired by the prom~isory note sscured ~tetebz,,3norf~~9or `~ovanantt
and ~yresi to pay to mortyages with each monthly p~yment ~n •ddition~l tum estimated by mort~cgee to ba equ~l to 1/12 of tfi~ anrlusl cwt bf ths follow-
l++y i , , • .
_ A-All r~al propsrty taze~ I~vied or esseased apain~t tfi~ above desuibed ro+l e~?~ta ~ ~
B-Premlumi on firs and wlndstorm insvronca +t herein reqvlred to ba carrled on the improvements •it~e~e on the abovs •d~~«ibad pr~miyq~._,',.~_.
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C-Premiumt on such mortyafle flwranty inturance mortyeyee ~hsll from tim• to time deem fit to carry on the loen eec~red her~by. =
MAf1Q~9N ~h~l~ from timt to time notify mortyagor in writing of ths amount due and peyable hereunder snd wch ium •hall thetau~on~~e dw and `
payabl~ on th~ du~ dat• of th• next monthly paymsnt ~nd •~ch tua~~~ive month thare~fter until mortgagea ~hell notify mortytyo? of ~ ch~nfls tn such ~
~mo~nt. Sarch tvms ~hall be applitd by mortpeyt• toward fh~ paymtnt of nal proptrry t~z~t, Infurance premium~, end martpay• guirsnty i~sur~nce
pr~mlvm~.
IN WITNE55 WHEREdF, th~ •eid MORTGAGOR ha~ h fr~n~ ~t AiNF~n~v~~t~~~y ~nd year fir~t afare~aid.
_ Sty Ss+l+d and ds sr tn th• pnwnu of~ 1~.! . ~ - '
. r ~~_`..A~~ L t ~D
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_ - - _ ___.-~~ct~~~-- ,,~~1~_ ~,.~,-,~0 1~ ~.,o
~ 'as FEB 3 P~1 2 9
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1_ ~ ~~~E~ ~
~ STATE OF FLORIDA ~
- St. Lucie ~~'s.tR rU~ i i;,,:;. C~~RK ?
~NTM ~ ST. LUCI~ COU~~TY, '
E~for~ m, pen,t,.~,,, ,Pp~„~d Arthur GainoAdBaRJ01~ ~
Myrtle R,_~~~.1'IOUg hI~ wlf~, to me wsll known ~nd known to m~ to bo
fM Ind~vl¢~,:d~uib~d In •nd wfio ~x~cvted th~ foreQoln9 (nitroment, ~nd •cknowl~dysd b~for~ m~ th+t th~y ~xavted tFu urt» for tM p~rpotrt ~
,+~.,ri ~.~~„6 t~. ?~~t1~:.R.Qainous ~
~ ~ ~.'~•wja•'''• _--__Arthur Ga~nous~ , upon ~ ap~rats and priv~t~ ;
~lr y rn~ ,tsf~an p~rots •nd ~p~rt from M? ~~Id hu~b+nd, ~sknowledy~d to snd befor~ me th~t ~h~ •x~cvted •~td Initrum~nt frraly ~nd voluo- ~
A ind~' ~fny oqmpuf4bn, corutnint, ¦ppr~h~n~ion u fear of a from her said hvtband. ~
1jb~TNESS:rfij~ Mnd 7~nd i~fftUal Nal thlt day of F~'b T'Ua A. D. i9 66 ~
= t- ' r ,11 #
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~J ~a`'' Flot~ry PubUc tn •nd f. St~t~ of Fbrld~ at lsrp~ s
- , . . ~ ~ ~ My Commltiton ~xpir
~aotary Public, State ot Florida at large ~
Ci~i:~iti~F~tt~~„Sa~1Tio~ a ta.n As~oct~tion ~+1y Conmissio~ Fxaires hlzrc~i 1, 1969 ~
Bcr.ded Er A-•;:~a- F~-e i, Ca:~af!r Ca. ~
of ft. Luci~ County ~ ~ ' ¦
Ft. Plsrce, Flatda - BdOX ~
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