HomeMy WebLinkAbout2009 And ~aid Moriga~ors, for themselve~ and theu he~rs, legal repre~ente~ives, +ucces+on and auigns, hereby jointiy end sevsrally covenaro and a9rae '
to and with the said h10RTGAGEE, it~ suttasforf and assign~:
1. To pay all end singular ~he pr~nt~p~l and interest and Ihe various and ~undry tum• of money payable by virtue ot taid promi~sory note, ~nd tfii~
mortgage, e~d~ and every, promptly on ~he days rospec~ive?y the same severally becane due.
?o Fay all and ~ingular 1he feaes, as~essmentt, levies, liabilities, obligetions end oncumbrente~ of avery n~ture end kind now on tato deu~ibed
Fro~e:t;, z-r !het hs.==_=~tor may :^~~o:ed, suf!=red: g!ae_d. !avicd, or aue»ed thereon, or that hereefter may be I~vied or es~etsed ~pon thl~ Mortq•
age, or ~he indeb~ednet~ secured hereby, each and every, when due and peyable, according to law, befora they become delinque~t, and betore any intoret~
attaches or any penalty inc~~red; AND INSOFAR AS A!~!Y THEREOF IS Of RECORD TNE SAME SHAII BE PROMPiIY SATISFIED AND OISCHARGED OF
RECORD AND iNE ORIGINAI OFFICIAL DOCUh1ENT (SUCtI AS. FOR INSTANCE, iHE TAX RECEIPT OR TNE SATISFACTION PAPER OFFICIAIIY ENDORSED
OR CERT!fIED) S1iAll Bf PLACED IN T11E MAN~S OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AfTER PAYMENT, and in Ihe evenl the~ any thareo( it ~ot
pa~d, sat;si+ed and d~scharged sa'd ~ti10RTGAGEE may a1 any t~me pay 1he •ame or any pari thereof wilhoul waiving or e(fecting any option, lien, equity or
eiQht unde~ or by virtur of ~h~s mortga9e and ihe i~fi amount of Pach anJ everl such paymenl shall be immediately dua and payable a~d thsll bear intere~~
~rom Ihe date ~hereof un~il pald ar ~ate of eight per centum per annum end rogether w~th such interef? ~hatl be secured by the lien of th:t morgtage. ;
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3. To plect and canttnvawly keep on the bullding~ now or Mre~fter ~itu~te on ietd I~nd and on all equipment snd pertomlly cowrsd by thb mortq-
sy~, with ~II premiums thereon paid in full, fir• Insur~nce in the utuel ~tandard policy form, in a~um approved by Ih• MORTGAGEE, •nd winditorm ;
lm~r~nte In tht ~~ual ~tandard policy farm, In e tum epproved by ths MORTGAGEE, in ~ucfi compiny or comp~niei ai fhe A10RTGAGEE msy ,
direc+; •nd all fin +nd winditorm insuronce policie~ on any of se~d build~ng~, ~ny intere?f thereln ar part ?hereof, (n tM eggreyata ~um etor~~~id or `
In exceu thrreof, ~hall contefn the usual ~1~ndard mortgegee clause or ~uch other clsuse a~ the Mortfl~flee mey requirs, maklny the lo~~ under ~~id poll- ~
ci~~, eech tn~ every, peyabla to ~aid MORTGAGEE es ih inTareN mey sppear, and each and every such polity ~hall be promptly sts.gned and delivered to
2if~ ~dit~ c~iji i'aiii iisv°wtfr°i~t~F 33 fi:si~:=: .Cf~;:;T !O :~:'a .."!~:•te_~• •i.F.~, ~nr,j, ~}n~ ~~s~ !}~an !i?~ {~a> dey~ tn advence oI Ih9 exotration Of ssch polity~ f0 f~Q- _
liver to ~aid MORIGAGEE a renewal thereof, together with a receipt for the premium of iuch renewal; and there ~hall be no fira or w+nd~torm in~~ronce
pleced on any of said b~ilding~, any intere~t therein o~ pert thereof, unle~i In tha form and w~th the lost payable as aforesaid; and in the event any ~um
of money becomet peysbfe under ~uch policy or pollcie~ s+~id A10RTGAGEE shall have the optlon to reteive and apply tha tame on account nf ths indebted-
ne» tecu:ed here?~~ Ot fo ptrmif sa~d MORTGAGORS fo receive and use If o? any parl thereof for other purposes, withoul thereby waiving or impair-
Ing ~ny equity, 1(en or riyht under or by vlrtue of thit mortgage; end (n ihe avent teid MORTGAGORS :hall for any reason fatl to kecp the said premises so
insured, or fail to de~iver promptly any of ~aid paliciet of tnsurence to ~aid MORTGAGEE, or fail promptly to pay fully any premi~m therefor or In eny
reiprct fail to perform, di~charge, execute, efFect, complete, comply with and abide by this covenant, or any part hereof, ~aid h10RTGAGEE msy place and
p~y (or ouch Inturence or any part thereof without waiving or affecting any option, lien, equity, or righ~ under or by virtue of thif Mortqaga, ~nd the ~
full amount of each end every ~uch peyment thell be immadiately d~e and payable and ~hall bear inlerect from tha date thereoF ~ntil paid a1 th• rate ol
nine per centum per annum end togathet wilh fuch intere~t shnll be ~ecured by 1he lien of thif mortgage.
1. To permit, commlt or ~uffer no ~vaite, tmpairmsnt or deteriorotion of taid property or eny part thereof.
5. To pay all ~nd ~inguler the costt, charge~ and expenses, including a reasonable sttomey's (ee and cosu of ab~tr~cts of title, incurrtd or peid at
~ny time by taisl A10RTGAGEE, becaufe or in the event of the feilure on the pert of Ihe faid MORTGAGOR to duly, promptly and fully perform, discharqe,
•x~cute, efiect, tomplete, comply with and ebide by each and every the •tipulstions, agreementa, condition~, and covenent~ o( ~eid promi~sory note and thi~
mortgaee ar.y or eithrr, and sa~d costi, cherge~ and expense~, each and every, ~hall be immediately due and peyable; whether or not !here be natice dr
mand, ~ttempt fo collect or suit p~nding; and the full amount of each ar,d e~ery •uch payment ~hall bear interes? from the date thereof until paid at the
rate of nine per centum per annum; and all said costs, charpes and txpenses incurred or paid, together with tuch intereN, shall ba ~ecured by the lien of thii
mortya9s. ,
G. That (e) in the event of any breech of thif Mortgage or defavlt on tha part of the MORTGAGOR, or (b) in the evenl any of said •umi of money
hereln referred to be not promptly and fully paid within th~rty (30) dey~ nexi after the same severally become d~e and payeble, without demand or notice,
_-J ~~J •L'~ • ~ ~ an iv ~fl~~r ~r~ ~
O/ (C) Ifl 1(10 lVQfll eb~n eflii OvE~y IP~o si~}aiiibiiui~i~ oyifi2~iiEi~ii~ iv~~viii'viii oi~~ ivV'a:::ii:: :ii i.:::: j%:i%::c:::~: j::~:.-. .::-1F.~=d' ==`5 =T
~uly, promptly and fully performed, d~scharged, executed, effecfed, tompleted, complied with and abidad by, ?hen in either or any t~ch eveM the seid ag~
preyete tum mantiontd In ~eid promissory note Ihen remaining unpeid, with interest accrued, and all money• ucured hereby, shall become dua and pay-
•hl• forthwith, ot thereafter, et the option of ~aid MORTGAGEE, as fully and complately es if aIl of the taid sumt oi money were originally ~tipulated
fo be paid on tvcfi dey, anything in seid promissory note or in this Mortgage to the controry notwithstanding; and thereupon w thereaffer at the optio~ of
~aid MORTGAGEE, without notice or demar.d, suit at ~aw or in equity, therefore or thereefter begun, may bt prosecuted a~ if all money~ tecured hereby
had matured prior to ita 1n~titvtion.
7. That in the evenf that at the beginning of or at any time pending any •uit upon thit Mortgage, or to foreclofe II, or to rrform it, or to enforte
peyment of any claims hereunder, said MORTGAGEE :hefl apply tn the Co~rt having jurisdiction thereof for the appo3ntment af a Receiver, tuch Covrt sh~ll
forthwith appoint a receiver of ~aid mortgaged property all and sing~lar, includ~ng atl and singuler 1he incomr, profiti, istuei and revenuet frorn whatever
wurce derived, each and every of which, it being expre~sly vnderstood, i~ hereby mortgaged a• if ~peufically tet forth and deitribed fn th~ granting and
h~bendum clauses hereof, end such Receive~ ihall have all tha broad and eftrdive funct~ans and pow•ers i~ anywise entru~ted by a Court to e Receiver, ~nd
i~ch appointmenl shall be made by such Court as an admitted equity and a mrtter of absolute right to :eid MORTGAGEE, snd without reference to th~ ~
adequacy or lnadeq~acy of the val~e of the property mortgaged or to the colvency or insolvency of •aid MORTGAGOR a the defendantt, and that suth i
ront~, profitt, income, ltives end revenue• thall be applied by ~~ch Receiver a~cording to tha lien ot equity of said h10RTGAGfE and t7~e practice of svch
Court.
8. To duly, promptly and fu{ly perform, d~scharge, execute, effed, compfete, comply with snd ebide by each and evary the ftipulatlom, ~yraament~,
conditlom and coven~nt• in •aid promissory note and thit mortgage tet forth.
9. That in the event tfie ownership o{ the mortgagad premites, o? any p~rt Ihereof, betomet vested in a penon othet than f~•MORTGAGOR, the
MORTGAGfE, tt~ iuccessora and a»igns, may, without nolice to the MORTGAOR, deal with such iuccei~or or svccestor..tn inferts) wit~ .iSfqFence to thit ;
mortgage end tha debt hereby secured in the ~eme manntr at wi?h Mortgagor without in any way vitiating or ~d~schargPng ~ the Nbrtge~b~s' (l+filliry hera
~nder or upon the debt hereby trcured. F1o tate of the premise~ hereby mortgaged •nd no forbearance on the patt, ai,'the. ~450R1GAGEt• ot iia"~succeiton
or asiigni •nd no extension of the time for the paymenl of the debt hereby secured given by the MORTGAGEE or its s~ctessort or aitiyris, ;hell_ operate
W rekas, diichsrpe, modify chinge or affect the original liability of the MORTGAGOR herein, either in whola w tn ppri. _
10. It 1• •pecifically agreed that time is of the tssence of thif contract end that no waiver of any obligatiOn:hereunder w of.ths obltystion ce•
cvred F~ereby shall at any ~ime thereafter be held to ba a waiver of the termi hereof or of the instrument secured herby, . ~ .
11. tn addition to the faregoing monthly payments of princ pal and inleresf required by the prom~swry note seaired txreby, morlp~got-~coven~nh
~nd ~orees to pay to mortgagea with each monthly payment an addition~l wm estimated by mortgcgee to be equal t0 1~12 o.f the annua! cost-of the follow-
- _
A-All real property texes levied or auessed againu the above deuribed real eslata
B-Premiums on fire end windstorrn inturarce ai herein required to be tarried on the improvementt situ~te on the ~6ove destribed premises. -
C-Premiums on svch mortgage gueronty insurance ai mortgagee shall from time to fime deem fit to carry on the loan tetured hereby. L
Mortgsgee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and ivch sum shall thereupon be due and ~
payable on the due date of the nex? monthly payment and eacM successive month thereafter until mortgagee shall notify mortgagor of ~ chsnye in s~ch j
•mo~nt. Such ~um~ ~hell be appl~ed by mortgagee towerd the payment of reel property taxes, in~urance premiums, and mortgage guarenty i~turance }
premivmt. ~
IN WITNE55 WHEREOF, th~ seid MORTGAGOR hat hereuntoCt~ and snd seal the day and year first aforesaid. _ ~
~ Siflned,.b~~l~d ¦nd daliv ln the presence of: '4f ~ •~i~ _ ' ~ :
~ ,c~ - - _ ~c~aP~~~?'~RO : ~ ~ ~ ~n :
' s
K n-t'.. ..ii ~"--G~~tr v (Se~q i
; , 'SS d.~ n.,~ i
~ ~E8 I 0 Pr~! 3; c~.~~ ~
_ STATE Of FIORIDA , r_ c~ r', q+ t s
St . I,UC ~G ~ ~~~'iErt ~ S`•
courrr~r oF S + J~,-
~0 ,i n H~, C~ E H ~
~ Ra L . ~i`~iieel~ K ~ and
panonslly appeared ~
~ ~dna L Fi she r RIOA hii wife, to rrN well knowo and lcnown to m~ to b~
j tta Indivldu~b dttuibed In and who sxecvted t fgr oin~ irun~e nt snd acknowledped be(we me thet they executed the wrt» for ths purpose: ~
~ t fi ~r~M ~xpr~s i e d. A n d t h a ~a td ~Ql'~~ L• I'13}'1@P _
i
( wffs of tM ald R8X L- F~ I' upon ~~p~rat• •nd priv~t~
i ~x~mtnation by ms t~ken ~eparsts end •pert from het i+id hwband, ~tknowledQed ta •nd befor• ms that sh• executed ttid Initrument frHly and volvn~
firily •nd willw~t •ny compuliion, conftrsint, apF~e ii~on, or fea? of .qt;(tP{n;~? ff sb~nd. ~
l~Il ~ `•;r,- ~@~Y'Ll~l'~I 66
WITNESS my hsnd end official sa~l thlt ` i` ;i~a~ d~~.•• ~~~j . ~ A. D. 19
.
, ,
•e~ . ' • C~ K~~L Z.Y ~S~C,I ~
>C,
~ • ~i~7ot~ry Public Ir.- nd for tM Stet~ of id t lsrQt ~
. f~- !
' #~Y Corttmftaion •xpirst:
Return To: : t-° = Notary Public. State of Florida at lerqe
O e) Z: M res lan. 30. 1470
Citir~ns F~dersl S~vinp~ 6 losn Association p _ y Commissi~n Ex~+
` ~ .<,f ~ 1. io•....e ~r r,•~ s c.:<~
of St. tuci• County 'i.'-j .r Ll. Q.`.;
Ft. Dierce. Fi~.~da ' . h . - 800K.L~~