HomeMy WebLinkAbout2007 i
And said hlortgagors, foi ~hemsetves and their h~ir~, leg~l representalivet, fuueuor~ and a~tipnt, hereby joinNy end tsver~~ly coven~nt •nd tgra•
to and with ihe ta~d A10RTGAGEE, its tucce~sor~ and eififln~:
1. 1o pey sll and ~inyuler Ihe principa~ and imereN ind 1he wriou~ ~nd tundry fumf of mon~y p~yeb?e by virtu~ of uid promi~tory no1a, snd thl~
morigafle, each end every, prompl;y on ths dey~ reipcclively th• ~~me t~v~relly becom• due.
2. 7o pay •II snd tinguler the taxe~, attrs~ment~, leviss, It~bililias, obli9~lionf and •ntvmbr~nttl of wery n~?ut• and k(nd now on Nld d~luibtd
pfOpOtiy~ Ol t~al iiirQbiioi ~i~eji vo N:~~a~. :~~f:~~~~ ~=Y!:t~, et at:a33=~ ~~elG9f1~ N. ihet ~s~ai{~~{ nn~y ~ ~rvlOt~ 0? l~1f~1!(~ Vp0~1 iFflf Ma1p.
age, or the indebtedness tecured haroby, oech and every, wh~n due •nd payabte, •ccordinp to i~w, baioro ihey becom~ dalinqwnt, ~nd b~(or• •ny inter~+~ :
altathet or eny penally i• incurred; AND INSOFAR AS ANY TNEREOF IS OF RECORD THE SAME SHAII 9E PROMPTLY SATISFIED AND DISCNARGED OF ~
RECORD AND TNE ORIGINAI OFFIC~AI DOCUh1ENT (SUCH AS, ~OR INSTANCE, TME TAX RECEIPT OR 1NE SATISFACTiON PAPER OFFICIAIIY ENOORSED
OR CERTIfIED) SNAIt BE PIACED IN TNE MANDS OF SAID MORTt'iAGEE WITNIN TEN OAYS NEXT AFTER PAYMENT, and in th• event Ihat +ny thereof i~ nof i
peid, ~a?~~fied and discharged ia'd MORTGAGEE mey at any Ilme pey tha ~+me or any part thereoF wiiho~t waiviny or +(fectiny any aption, lien, tquity or :
.Iqh~ under or by virtue of Ihi~ morrgage and the fuil emoun? of eech end every tuth psymanl tha~l be immediate~y dus and pay~ble and ~hell b~~r intere~~
From 1he de~e thereo( uro~l pt:d at rate of elflht per centum par annum and roge~her wilh wth iMer~a1 shell be ~etute~ by the lien of th:~ morpta9~. ~
3. To pl~t~ and conflnuo~~ly k~ap on the bulldinpi now or Mrs~(ter ~itu~t~ an ~~id I~nd •nd on ~II aqulpm~nt snd panon~lly tovattd by thtf mortp• !
ap~, wtlh all pr~miumt therson paid In full, fir• Ins~r~nc• fn tha vw~~ itend~rd policy form, in a ~um approv~d by ~M MORTGAGEE, ~nd windstorm
iniursnc+ in tF?~ ~wd ~landord policy form, In • wm epproved by th~ MbRiGA6EE, fn wch compiny or comp~nif~ ai tha AIORTGAGEE miy ;
a:rect~ ~nd •II iin ~nd wind~torm In~ur~nca policieo on a~y of ~+id bultdiny~, •ny Intore~t therein or put thereof, in 1h~ ~fl9r~y~t• fum afor~~eid or y
in ~xau ihsrwf, thalt cont~in tha utual st~ndard mortpepa~ cl~ut• or ~uch oth~r cl~vti u ihe Mortp~p~• may nquir~, mekiny th• ~os• under t~id poiM ;
ci~~, *~ch snfi ev~ry, peyable to ~atd MORTGAGEE a~ it~ tntere~i may •ppe~r, and each ~nd avery ~uch polity ~h~ll b~ promptly aa,gnad •nd dsli~~~red ~o ~
sny isald by ~aid kiVRitiA~iEE a3 fu:thar sacurifiy ~o s~i~ ~rrx3~e~a dat,t, i~i~, ~w# E.~ s~~r~ t~z il~) ~~y= ln n~:e.~= =f !hs axg~••:~~n Qf ..ch oolicy: to da-
liver to uld MORTGAGEE • nnewal ihereof, to9eth~r with a recelpt for the pr~mium oi tuch ten~wel~ and tner• ~h~ll bs no fire or windNorm tnfur~ncs
pi~c~d on eny of ~efd bulldinfl~, any intere~l therein or pert thereof, unl~~t In th• iorm and with tht lost pay~bl• at afore~eidj and in Ih~ ~v~nf any wm
of money bscom~t p~yabls under ~uch polity or policiet ~ald MORTGAGEE ~hall hev th• optiort to recsive and •pply fh• ~eme on accovnt pt th~ Indebted-
r~t~ ~*cured hereby or to permit ~eid MORTGAGORS lo tet~ive •nd u~• it or any parf thereol for other purposes, vaithout thereby waiving or impeir•
In9 ~ny aquiry, (ian or riyhl und~r or by virtu~ of thit mortgay~p •nd in ~hs ~vent i~id MORTGAGOR5 ~h~ll for •ny rea~on fail to keep the ~sid premi~e~ eo
Intur~d, or f~il to delivar promptiy any of s~id politie~ of inturanu to ~~id MORIGAGEE, or f~il promplly to pay fully eny premium thsr~for or in ~ny
re~pect f~il fo parfe•m, di~thufla, execute, affect, complete, tomply wlth end ~bid• by fhi~ tovsnant, or eny part hereof, ~~id MORTGAGEE may plate and
pay for wch tmuranca or •ny part ther~of without weivtny or affectinfl. ~ny option, lien, ~quity, or ripht under or by virtue of thit Morifl~qe, and th•
full •mount of each and avsry it•ch payment ~heil ba imm~di~tely dvs ~nd pay+bl• and ~hall bs~r tnteratl from the d~te thereof until peid st tha rate of
n!n• per centum per annum snd to9ether with such interest shell be ~ecured by tho litn of thil mortq~ye.
4. To psrmit, commtt a wfier ~o wetls, Impairment or detarioration of ~~id proparfy or ~ny p~rt ffie~~of.
S. To pay all and tinyular the coat~, ch~rge~ and expen~e~, including a re+~on~bl• •ttorney'i fae end cot~• of ab~tractf of ti~ie, Incurr~d or paid •1 i
any timo by tatd MORTGAGEE, ~aceuse w in tha evenl of th• feilur~ o~ th• p~rt of Ihs utd MORTGAGOR to duly, promptly end fu11y psrform, disch~rqs,
~xscut~, •ff~ct, completa, comply with end abide by each ~nd evety th~ ~ftpul~tiont, apteem~nt~, conditiom, ~nd cove~~n!~ of ~sid proml~tory note and thit
mortfl~pe any or •fther, and ~aid cosb, ch~ryst end •zpemei, eech •nd ewry, ~h~il be imm~diaiely due and piyabl~t whethar or not th~r• b~ notic~ dr -
m~~d, artempt to coilect or wit pending; and th• full amount of a+ch end every tuch peyment ihell bee~ intere~t from th~ date thfreof until p~td at th~
r~te of nine per centum per ennum; and ali ~eid co~t~, charqef and expamet incurrad or p~id, toflether with fuch Inter~N, shell b~ ~ecured by 1h• iien of thii ?
i
motip~y~.
6. Th~t In thi ~vent o( nny breach of this Mortg~pe or deteult on tha part of the MORTC3AGOR, or (b) in the ~vent any oi •~id ~um~ of mon*y
Mnin referr~d to bs not pramptly and fully psid within Ihirty (30) day~ nex~ aftsr the ~eme ~aver~lly becorrss dve •nd p~y~bl~, withoul d~mand o? notlc~,
or In ths •wnt •~ch ~~1d •v0~y t~l! •lipufeTion~, ayreement~, COrlditlOnf ~~d COV~rlanfi vi iiio pivri~iii'vi~ i~v~o ar:, ::.::y:y~ 2:~ 2F=
~uly, prtxnptly •n~ fully p~rform~d, di~charged, ezetuttd, effstted, compl~ted, tompli~d with and •bided by, th~n in eithtr ot any t~ch ~v~nt th• t~id
prey~N wm menlloned ln ~~id promii~ory note then remainin9 ~np~id, with tnt~reU +ccrved, snd ell money~ ucur~d henby, ~hall b~comt d~s and p+y-
a61s forthwlth, or thera~fter, at th• option of seid MORTGAGEE, a~ fully ~nd complet~ly •t if all of the ~aid wmt of mon~y wer• oripln~lly ~tipvlet~d ~
fo bo paid or~ ~uch d~y, anythirty in ~eid promitsory note or tn thf~ Mortp~ye to Ih• contn~y notwithN~~di~9; and theraupon or thereaft~r ~t the aption of '
uld MORTGAGEE, without notice or dema,~d, s~it at lew or ln equity, therefor• or the~~~f?~r beqvn, may b~ pro~acuted at if all mon~yt s~curmd hereby
Md m~tvrad prior ro iu fn~tituHon.
7. That In the event thet at ths begfnninp of or at any time pendfng ~ny iuif upon thft MortQ~ye, or to fo?~clots tt, or to reform It, or to enforts
psymant of any clatm~ h~reund~r, ~aid :AORTGAGEE ~hell epply to the Court h~vinp iuriadic~lon thareoi for the appotntment of a Receiver, wch Court ~h~ll
forthwlth •ppoint a rec~iv~? of ieid mortysged property eIl and ~tnyul~r, Includ~ng ~II end ~Inquler the tncome, profit~, ltiue~ snd revenua~ from whatever ,
wurce d~rived, each and •very of which, il beinp •xpreisly ~nder~tood, i~ htreby mortg~yed if tpecificelly te1 forth ~nd dsttr(bed in tM yrenl(ny •nd
h~bendum cla~sei hereof, end ~uch Receiver ~hall heve ell tha broad and effet~iv~ funct~ons ~nd powar~ In anywise sntru~tcd by ~ Court to a Recetv~r, and '
~uch appotntment ~hall be made by ~uch Court a~ an admitled equity and a matt~r of ~b~olut• ri9ht to ~~id MORT~AGEE, and withovt rof~rence to th• !
ad<qvaty w lnedeq~acy of the value of the property mortpigsd or to the to~v~ncy or imolvency of tstd MQRTGAGOR w the def~ndenl~, •nd lhst tuch
r~nt~, profin, tneome, ies~ea and revenue• thall be •pplte~ by wch Rec~lv~r +ccordinp to th• Ilen or ~q~ity of ~eid MORiGAGEE ~nd th~ proctfce of ~uch
Court.
8. To duly, promptly end fully perform, dischary~, exetute, •ffect, complets, tomply with snd abldt by eath ~nd ~very tha ~tipuletiom,.iareelrltnh.
bos~ditlons •nd cov~n~nt~ in ieid promiuory rote and thit mortpsye tet forth.
9. Th~t fn th~ event the ownenhip o! ths mortgaged premise~, or any p~rt therrof, become~ vest~d In • p~rwn other then t JP1Qif[~qGOR,.tM:' ~
MaRTGAGEE, Itt t~cce~ton and as~iflnf, may, without notict to the MQRIGAOR, deal with ~uch successor or ~uccesior in intare~t ~~i~f~Aince to tFiir•.
mortyaQ~ ~nd the debl hereby s~cured in the ~~ms menner af wlth Morty~yor witFwut tn any way vitiatlnfl or'discharyiny tho htorf~~~pr~' II~bllitY t~Art
und~r or ~pon tht debt heraby secured. IVo tele of tht pr~mi~e~ hersby morfy~fled and no {orbea~anu on the p~rt oi the MORTG11Cs~iE bt'th ~ucte~sors _
or aul9ns snd no •xtsnsion ef tha time for ths p~ymant of ths dsbt hen6y ~ecund giv~n by th~ MORTGAGEE or it~ ~utc:i~on oj_ ~s~ipns, ihell oparat~ .
to nl~aw, diccherps, modify ch~ny• or ~f(ect th• oriyin~l Il~btlity of th~ MORT(3AGt7R henin, •tther (n who!• a In part. .
10. It It spaciflully ~9reed that tlme i~ of th~ uesnc• of this tontnct ~nd thet no walr~r of any oblifl~tion hsreunder o! b1_ths oblip~tbn ta• ~
w~ed Mr~by ~hall ~t ~ny tlms then~fter b~ hetd to bs ~ wetv~r of the t~rm~ har~of w of the instrum~nt secvred h~r4y. - •
11. In additlon ro the forepoinp monthly pnymant~ of printpal and Intereit required by tho promliwry note sec~red htreby, rnnoriyagOr.:4oven~nN~~., +
~nd ~prtst to pay to mort~~ye~ with each monthly psyment •n •ddiHon~l ~um ettimeted by mortgcgee to be equel to 1/t2 of ths annua~ co~f p},thq.{c~opr~. ~
tnfl~ , ' ` . ~ .
I A-All re~l properry tsxa~ levted or assnsed ayain~t the above descrlbsd re~l a~Nte. ~
~ d-Premium• on fire ~nd windstorm in~urance herein rcquirtd to be c~rriad on th• improv~ment~ tit~ata on th~ ~bove dsscribed premifat.
C-Pr~mfum~ on such mortpege yveranty intur~nce ~t mortfl~yt~ thsll irom tim~ to time detm fit to cerry on th• lo~n securad her~by.
Mortqnqee ihell from tim~ to tima notify mortQ~por fn writin~ of the emount due end p~yabl• hers~nder ~nd such ~~m ~hill th~r~~pon b~ dut ~nd 3
f pay~ble on th• dve date of the naxt monthly p~ymant •nd •ech tuccs~~ivs month then~fter until mortgagee ~h~ll not~fy mortgeyor of a ch~nys In such
~ amount. S~th ~~m~ ~hell be ~ppliod by mortgage• tow~rd tl?~ paym~nt of r~~l proparty tixe~, tnturenc~ p?amium~, and mortp~y• yu~nnty Insurance
pr~mlum~. ~
IN WITNE55 WHEREOf, th~ ~aid MORTGAGOR haa h/rJ~"'.+ f~ ~if, j~y~ snd ~eel the d~y ~nd ye~r ffnt aforeuid.
Styned. Seo and dellver prsttrsu of~ ECORpEp ~>1'V
•n
--~±-ti~ v ~ ~ ~ -
'l,0 FCD t Q Pt,~ , -!R-an
_ ~ , ~.r ~ ~ 3 , 5 p cs..q .
STATE OF FtORIDA R Gs_ :-1 f '
courmr aF~~.~,,St~ Lucie ~S~ L~ c~"J r•..;5, C;_~~k :
_~;~«~«++f~rrcw+~.d John To~i-q~i~'o C
~ Ul~1 T Y .~a
v
~ ht~ wtf~, to m~ well known ~nd known to rra fo bs
1#~ , ridu~ ~c41~d. ie~'~ who ~x~cut~d tM fapolnp Irutrumsnt, end acknowledyod balon m• th~t th~y sx~cvs~d th~ urrN fw ths purpc»~~ •
, •
,~,,.~~'`~~,w~' _ Mildred R Tozour
~ ~ y~- ' . • ~ ,Tpy nu'r , upon s Np+rat~ and prfvato
~sarr+~r?~ by rrw t~k~n ~ipa ~nd ap~rt irom hsr •~(d hu~b+nd, •cknow:~dq~d to •nd bofon m~ th~t ~h~ sx~cvted ~~ld In~trum~nt fre~ty ~nd volurr
fsdf~~~~v~_~qy-24A+ `~i;:, ton~tnint, ~pprshtnsion, ot fe~r of or from h~r ~ald hveb~nd.
j'~~:r h+N~t~cf.~ f?,i~ lOth d.y of n. o. t9~~2. :
• ~ ~
<< ,
~~''`~~~T»~t``~',` Not~ry Publlc In ~nd for t t~t• of Fbrld~ •t l~rQ~
" My CQmmt~~lon t ?sy atqe 7
Retum To: ~ r $:t:2 ot a / 4; ,
Nutary pu5~,c, . _ - . :~ch . 1469 . ~
GiH:~n~ F~d~r~l faring~ 6 lo~n Assocl~tlon ~y (pm;
~;55~~~` a~,SU+~+r ~Oy
~~-zr.an ~i
Of SI. lYtl~ COYf1ty Ecndad G/
Ft. Pierce, flortde f1 u~~~ + ~(t~ '
60~r. U 3
i