HomeMy WebLinkAbout1862 And ~aid Morigagor~, (or them:elves and ~hei~ heirs, !egal represenlalivet, ~uccxs~ur~ end au~gn~, hereby jointiy and teverolly covenent and aqree
to and with the aa:d tdORTGAGEE, i~t sua~~sor• and ass~gn?:
1. To pay all and ~ingu!ar Ihe prir.cipal and inierest and the various and fundry fuma of rr:oney payable by virlue ot taid promissory note, and Ihit 2
mongage, eech and every, pra„tipity an tha days resFecti:ely Ihe same ~evoraliy becoma dve. ~ t
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~ Y. lo pay afi ano ~i~guiar i„n iax~s, ai:~si;;;~~;t;, ..,.a, slit;aa; nd encumbrance~ of every n~Wro a~d kind ~ow on ~eid deur;bed
prope~ly, or thet herea(ter may be imposed, iuftered, ,.'+ced, levied, or etse~sed ihereo~, w thal herea(ter may be levied or •ueiied upon ~hi~ Hlorip• _
age, or fhe indebted~et~ ~ecured hereby, each and every, ~Nhen due and payeblt, ettordiny to law, before they brcome delinquent, snd befor• any Int~r~~t
a~taches o~ any penaliy is inc~rred; AND 1NSOfAR AS ANY TMEREOF IS Of RECORO TNE SAME SHAII BE PROMPTIY SATISFIED ANO DISCNARGfD Of
RECORD ANO TNE ORIGINAL OffICIAI DOCUMENT (SUCH AS, fOR IIJSTAMfE, iNE TAX RECEIPT OR THE SATISfACT10N PAPER OffICIAIIY ENDORSED
OR CERTIfIED) SNAII BE PLACED IN iHE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAY~NENT, and in the event ~ha1 any thereof it r,ot
paid, iat~sfied and discharged ;a:d 1.50RTGAGEE may at any Iime pay the same or any part thereof wilhoul waivi~g or affecting any option, lien, equily or
.iqht vnder o. by virtue of rhis mo.rgage and ~he full an~.,,,~t of each and every ~uch payment sha!i ba immediately due and payablo and tihall beer intere~t
~rom the date thereof until pa~d at rate oF eight pe~ centum per annum and together vvilh wch inlere~t shall be se<ured by thr lien of th:s morgtage. ~
3. To plac~ and tontlnvov~ly keep on the buildinfl~ ~~ew o? haraattsr iit~~te on a~id I~nd ~nd on all equlpmant snd pertonelly covered by thft mortQ- ~
ap~, with ~II prsmiv.m th~reon paid In full, firs In~uronc• in ihe u~val •tandard policy form, in a tum app~oved by Ihe MORTGAGEE, •nd windtitorm
lniurant~ )n t}» wwl ~tanderd policy form, In a tum •pproved by th• MORTGAGEE, fn ~uch company or compsniei st ihe A\ORTGAGEE may '
direct~ and ali firs and windstorm iniurencs policiei on any of said build~n9~, any interest therotn rn part thereof, in ths aygreflate tum ~foreiaid or
~xcap Ihereoi, ~hall contain Ihe usva! st;rderd mutfleges tlauie or such other cl~uss as the Morty~gci may raq~irs, making th~ lo~~ undar ~eid poll-
clt~, •~ch md' every, peyable to said MORTGAGEE s• it~ intere~t may apptar, and each and every tuch policy thail be promplly su.gned snd defivered to
any held by said MORIGAGEE a~ furth~r iecurity to ~aid mor~gape debt, and, not leu then ten 110) day~ in advanta of 1he sxpirition of eeth policy, to da
liver to iaid MORTGAGEE s renewal thereof, tagelher with e receipt for the premium of •uch ~enew~l; snd Ihere shail be nc fire or windstorm insuronce
pl~cad on eny of •efd building~, any interest lherein or pert thereof, u~lest in ths form and with Ihe lots payable as efore~aid; and in the event any ~um
o( money betome~ peyebte under ~~ch pollcy or policiei ~a;d ir;ORTGAGEE ~hall havs the option to receive and epply the same on account of the Indebted-
nots •ecured hereby or to permit taid MORTGAGORS to receive and ute it ot any parf thereof for olher pvrposes, without thereby waiving or impair-
Iny any equity, lien or ri9ht ~nder or by virtus of thi~ morlyege; end in Iha evenl ~~id MORTGAGORS shall tor any reafon fell to keep the seid premitet so
(n~urtd, or fell to dsliver promptly any of said pol~cie~ af insurance to ~eid MORTGAGfE, or fail prumptly to pay Iully eny premium therefor or in eny
rtipect fail to perform, di~tharye, ezecute, effect, complete, comply with and abide by this covenant, or any part hereof, ~aid MORTGAGEE mey place end
pay fa tuch Intu~ance or any parr thtreof without waivirtg or affecting any option, lien, equity, or righl under or by virtue of this hlortgage, and the
full ~mount of each and overy iuch payment ~hall be in.--diately due and payable and shall beer fntereat (rom the dete thereof vntil paid at the ~ate of
nine per centum per annum and tog3ther with such interest shall be iecured 6y fhe iten of thif mortpage.
4. To parmit, commit or tuffer no wastc, tmpairment or deterioration of seid Fraperty or any pert thereof.
5. To p~y ell and ttnyuter ihe tosts, cherge~ and expentes, including a reaionable atto~ney'i fea and coitt of abslracti of title, incurred or paid a1
~ny time by taid MORTGAGEE, bncause ot In tha event of the failure on the pert of the faid MORTGAGOR to du{y, promptly and fully per(orm, di~charQe,
oxetvit, effect, comp!ete, comply with and abide by aach end every the ttipulation~, aQreement~, conditions, and co~enen!~ of ~aid pramtuory note and this
mwtgape any or ei~her, ar,d ~aid cos?s, charfle~ and expenset, each and every, ihall be immerliately due and payabte; whether or not thare be notite da
mnnd, attempt to colltct or suit p9nding; and the ful! amount of each and every tuch peyment ihall bear intere» from the date thereof until psid ef tha
rate of nine per centum per ann~m; and att said cosrs, charqei and expenfes incurred or paid, togtther with such Intere~l, ~hall be tecured by the lien of thi~
mortpaye.
b. That (e) in iha eveni of any breac~, of this ~~rsyage 3E.'aL!e c~ tha p~:t a! the M4RTGAGpR, or {bl in the event any of ta~d ~um• of money
hareln referred to be not promptly and iully peid w+thin thirty (30) days next after the ~ame severally become due and payable, wi~hout demand or notite,
or {t) In tha evant each end evCry the itipulations, agreements, condition• and covenent~ of taid promissory ~ote end thii mortgage any or either ~re not
~vly, promptly end iully performed, d~:charged, executed, effected, completed, complied with and abided by, then in either or any tuch event fhe teid eg
yreyat• ~um mantioncd in teid promis~ory note then remaining unpaid, with inlere~t actrued, and sll moneys secured hereby, thall become due e~d pay-
•6~• forthwitb, a thereafier, al the option of said MORTGAGEE, a~ fully end tompletely a~ if ell of the wid svmf of money were oriflinelly ttipulated r
to be paid on svch dey, anything in ~eid promissery note or in this Mortgage to the contrary notwithstanding; end thrreupon or theroafter at tha oplion of -
~eid MORiGAGEE, without notice or demand, ~uit at lew or in equily, therefore or thereafter 'Seg~n, may be prosecuted et if all moneyt securec! hereby
h~d mstured prior to it• instit~tion.
7. That in the evenl that el the beginning of or et any time pending any ~uit vpon this Mortgage, or to fo~edose it, or to reform it, or to enforce
payment of any claims hsreunder, said MORTGAGEE shal! apply to the Covrt having j~risdiction thereof for Ihe appointment of a Receivar, wch ~ourt sh~ll
forthwith appoint a recaiver of taid mortgeged property all end singuler, incl~ding all and •inguler the income, profitf, 3f3ues end ravenue~ from whetever
wurce derived, each and every of which, it being expreiily ~ndersteod, is hereby mortgaged as if fpeuticalty tet farth and dsttribed in the gronting and
habsndum clausei he~rof, and such Rece;ver shall have all tha broad and ef(ettive functions and poweri in anywise entrusted by a Cour1 to e Receiver, end
tvch appoin?ment fhall be made by auch Ccurt at an admitted equity and a mattar of ebso~ute right to said N50RTGAGEE, end withoul teference to the
~daquacy or (nadequacy of the value of tha property mortgaged or to the tolvency or insolvency of said MORTGAGOR o: tF~e defendantt, end that ~uch
rents, profita, income, i~tues and reven~es ihall ba applied by such Receiver accordiny to the lien or aquity of said MORTGAGEE and the prectite of ~uch
CC~rt.
8. To duly, promptly and fully perform, discharge, exacute, effed, complete, compty wiih end ebide by each and avery ?he ~ttpulallon~, sgreements,
tonditlon~ and covenint• in said promissory note and thi~ mortgage tet forth.
9. Th~t tn the event thc ownerihip of the mortgayed premi:ei, or any psrt thereof, becomes vested in a person other than th~,~J1AORiGt{C;bR;~tha
MORTGAGEE, it~ •utcesson and assigns, mey, without notice to the MORTGAOR, deal with such tuccessor or tucceisor in int~rest ;wlrh-'r'efeitnce.~?o tlite
mort~ep• end ~ha debl hersby secured in the tame manner a~ with Mortgago~ without fn any way vitiatirtg or~discharging the Mortpsqocs•11ebNit~: hera-
undar or upon the debt hareby tecured. No sale of the premises hereby mortfleged and no forbearance on Ihe part of ehe MORiGAG,EE or itt •utc1~38it
or ei~ifl~~ •nd no exteniion of tha time for the peyment of tha debt hereby •ecured given by the MORiGAGEE or it~ ivccrsson.ot eslibn~, ahall opsre)a,
b n)sr~, d;scFsarps, modifr chen9e w affect the original li~bility of the MORTGAGOR herein, either in whole w(n part. ' - • ,
10. It i• tpeciticelly agreed that time is of the e~sence of this contrad and thet no waiver of any obligation hereundu.ar:Of the obliyation tQ• -
- cvrad ha~~by ahall ~t any tims thereafter be held to ba a waiver of the ferm• hereof ot of the instrumeM secured herby. .
1l. In add~sion to the foregoing monthly paymtnts of princ pal and inferest reqvired 'by thc prom:ssory note securer~ he!eby.'•mortgagor tovana~its
:nd aflreef to pay to mortyAgee with ench monthly payment an additional sum ettimated by morig;,gee to be rqual to 1/12 of the;nnuel Fa~t ofthe fqltow-
lnp:
A-All re~l property taxes levied or euessed against the above described reel eitate.
B-Premiums on fire and wind~torm imurante aa herein req~~red to be carrled on the improvementt situate on the above descrioed premi~ef.
C-Premium• o» euch mortqege guaranty inawante e~ mortgspee shall from time to time deem fit to carry on the loan iecvred hereby. ~
Alortflagee shall from time to time notify mortgagor in writing of the amount due end pey~ble hereundcr and such sum shall thereupon be due •nd
pay~ble on the d~e date of the next monthly paymeAt and each tuccessive month thereafter until mortgagee thall notify mortgegor of • chenye in tuch
smount. Such •um~ shell be epplied by mortgagee toward the payment of teal property taxet, I~~urance premium~, and mortgage g~~rsnty insurante
premiumt.
1~TNE55 WHEREOf, ih~ ~aid MORTGAGOR htt hereunto set his hand and seal the day and yaar first aforo:aid.
,+.Siy~ , S~aled and~delivsr tn the prosance of:Fl L~t~5~~ p~ p C G
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~ !y - ~ ROOK
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` ~Se.~
~ '66 FEB 8 PM 3 4 ~ c~•~,
;
E STATE OF fLOA1DA r 9 ~f,
f',^ L)
• ~ t
{ counrnr oF St. Lucie Rn t~' F~I ~LERK ~ -
b~fore ma ;»rtonafly •ppeered 5T• ~-~{~1~~ ~N~c~~?rS ~
~ ~~0~1~iY'•~~.E'-r~ hf~ wife, to me welt known ~nd known to m~ to bs ~
th~ Individvat~ daEUibed fn ~nd who szacuted th~ foreyoinQ init~um~nt, an4! ~tknowlsdQed befors ms th+? they ~xecvted ths sams for tM purposes ;
~ tMr~In ~~riced. And th~ ~std Jo~Jell Itogers ;
~ vrff~ af th~ .,~a - Russell E. Ro~Ters upon ~ s~parats ~nd privst~ 5
~xamination by me tek~n teperat• •nd spert from har sald h~iband, •cknowltdyed to ~nd before ms thal she executed ~iid inttrurtant frsely and volurr ?
~ i~rlly snd withovt ~ny tompul~ion, constraint, apprelv+n:io~n
or fear of w from her aid hu~band. +
~ WITNESS my lund snd ofilciel seat thtt T~' _ dey of - ~ ' A, p. 19_~EL
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~ Notary Pubpc In and .~or the St~ts of rid~ ~}t tsrg~
~ My Committion •xpire~i: : : : ;
Retum To:
~ 2.; -Nofary Pe~lif;:5late of Flo~ide at I.arge :
_ Citi:~n• hd~ri! Swinps 6 Lo~n A:iod~lion ~I ~~tRj~isS~~f. ' ' ^r 14G1 ~
~ i ~j.i:c5' 5:::~.' L J,
Of SI. ~11C~• ~OY'1t~1 Psr.'4;d 3r A:~.r:a.~ F.ic i~ ~V.1:1/ CP. i
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Ft. Pteres, Floride O R~~~ p~ n i
- BOOK ilia _ . Y
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