HomeMy WebLinkAbout1557~. To place and continuously kwp on the buildings now a Mreafter situate rNt sold land and ore •II equipment and personally covered by this mortg-
•ge, with •II premiums thereon paid in full, fire insurance in tM usual standard policy form, In a sum approved by tM MORTGAGEE, and windstorm
insurance in the usual stars(-+ard F•olitry form, In . sum approved by tM MORTGAGEE, In such company or companies as tM MORTGAGEE may
direct; •nd •11 fire er.d windswrm insurance policies on any of aid buildings, any Imanst thereto or r~na~ ihf eo'~, m~~ M loo urtd.raaidipo/F
in excess thereof, shall contain the. usual standard mortgagee clause a such otMr thus. •s tM Mortgagee Y tl assi ned •nd delivered to
ties, each and wary, payable to aord MORTGAGEE » its interest may appear, and each and very such Poladvancal of tM ~ pir•tian of each policy, to de-
any held by said MORTGAGEE as further security to uid mortgage debt, and, not less tMn ten (10) days
liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and tMre shall be rto fire a windstorm Insurance
placed ore any of said buiidirtgs, any interest therein a part thereof, unless In tM form •nd with cite loss payable es aforesaid; and in the event any sum
of morry becomes payable under such policy a policies said MORTGAGEE shall Mve trM hey off tfor~ot1her ap rposels, tw shout thereby uvvavfng or~mpa~-
ness atcured Mreby w to permit said MORTGAGORS to receive and use it a any pa the said emises so
irtg sny equity, lien a right under or Fry virtue of this mortgage; and in the event said MORTGAGORS shall fa any reason fail to keep W
insured, a fail to deliver promptly •ny of said policies of insurance to aord MORTGAGEE, w fail promptly tohereof, said MORTGAGEE1em+y place and
respect fail to perform, discharge, execute, effect, complete, comply with and abide by thin covenant, a any W
pay for such insurance or any part t!xreof without waiving a affecting any option, lien, equity, or right under a by virtue of this Mortgage, •nd the
full amount of •sch and every such payment shall he immediately dw and payable and shall bear interest from tM date thereof until Paid at the rate of
nine per centum per annum and together with such interest shell be secured by 1M lien of this rtsortfiag+•
4. To permit, commit a suiier no wash. impsirmtnt or deterioration of acid property w sny part thereof.
5. To pay dl and singular the tests, charges and •xl.ertsas, irtctudirtg • reasonable attorney's fee end coats of abstracts of title, irxurred w paid at
!ny time by said RORTGAGEE, because a in the sve't kf ~ farluvetlm ratipu ationsf wr.emsnMORCOTrG~ArtG~R. end covePnin-s of said prlomisaorry rmioN ~nhda- ~
•x KYie, el'Flct, Compieia, f4ruyiy wu„ .,... ..,...- -. ---~~ - - - ~ ab1e1 W)Nt)tef u; ~^.: :1`^:~ F^' ~t"a `f~
rr,or:gsg: any ar tither, seed !!~d costs: charges and expenses. •ach and wary, sMll be ittsrrtediately due and MY
mend, attempt to collect a suit pending; and tM full amount of uch and every such payment ah:ll bear Interest from tM date tMreof until paid at IM
rate of nine per centum per •nnvm; and ail said costs, charges end a,rpenaes irtrvrred a paid. togetF~r with tuck intend, shall be secured by tM lien of this
mortgage. 1"
6. That (a) in the event of any breach of this Mortgage or default on iM part of the MORTGAGOR, a (b) in IM ev aEle ^wi°hout demand or not ceY
herein referred to be not promptly and fully paid within thirty (30) days nest after 1M same severally become due and pay
or (t) in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage anY or either are not
iuly, promptiy and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either a any such event tM said aQ
gregate su•n mentrone•i rn said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due artd pay-
able Forthwith, or thereafter, at the option of said MORTGAGEE, as fully •rd completely as if •II of the said sums of money were originally stipulated
said MORTGAG E hvvir ,or ~n ntotrco or demandmsu~r stn atw w 1intequi~ the efw~t w thtrea~er begunst m yy beaprosecuted~as fofr allef^to^eysasec~ed he eby
had maWrcd prior to ns msKtution.
7. That in ehe .rvcnt th,t at the h^grnni :g of or at any time pending any suit upon this Mortgage, or :o forttnfinent oft a Receiver, such Court shall .
payment of anY dams hereunder. said I,tJkTt,AGEf shall apply to the Court having jurisdiction thereof for the appoi
forthwith apl:omt .+ receiver of said uwrtgayed property all and singular, Including ell and singular the income, profits, issues and revenues from whatever
source d~•nvcd, each and every of wh~ch, it being capn•ssly understood, is hereby mortgaged as if specifically set forth and described in the granting and
hatx~ndum clauses hereof, and su:F. Receiver shall have all the broad and efitthve functions and powers in anywise entrusted by a Court to a Receiver, and
such appo~nLnent stall be mad.: by st,cit Court as an adn,ittrd equity and a matter of absolute right to said MORTGAGEE, and without reference to the
tdryuacy or madequac/ of the value of the property mortgaged w to the solvency or insolvency of said MORTGAGOR w the defendants, and that such
rents, profits, income, issues and' revenues sha!1 be applied by such Receiver according to the lien a equity of aid MORTGAGEE and the practice of such
Court.
b. io dui'/, prumpr!y and fully heriorm, discharge, ~xerute. effect, complete, comply with and abide by each and every the stipulations, agreements,
conditwns serf covenants in card promissory note and this mortgage set forth.
9 That in the event the owncrsh~p of the mortgaged premises, or any part thereof, becomes vested in a person other then the MORTGAGOR, the
MORTG!•Gt E, its svvusurs a•.d assigns, mny, without notice to the MOkiGAOR, deal with such successor w successor in interest with reference to this
mortgage a~td the cf.~bt herei:y seeur•~d in the same manner ss with Mort3agw without in any way vitiating or discharging the Mortgagori liability heir
under cr vi un th•• deLt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pert of the MORTGAGEE or its successors
or assigns a•rd no .•xtenven of the hme fur the payment of the debt hereby secured given by the MORTGAGEE or its successors a assigns, shall operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole w in part.
10. It rs specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation se-
cured hereby shall at any limo thereafter be held`to be a waiver of the terms hereof or of the instrument secured herby.
I!J W 1 ir;l S`. WHEREOF, the sa;d MORTGAGOR ha; hereunto set his hand and teal the day and year First aforesaid.
Sign ,, Seal an~liv ~ in he resence of: J~
~! / f~(~! Istc s s,~ J ~r~ JlG' ~ ~~~ (Seal)
~" ~' i a~~ %X .~~ ~ • real)
/ ` -_- (Seal)
(Seal)
STAiE OF FLORIDA
55.
COUNTY OF -_ ~ti- I,llC ie --- __
EdTrnlnd M. Radke -and
FSefore me personally ~aappeared
__ i~oris a;l RA~Ufj his wife, to me well known and known to me to be
the individuals described in and who executed the foregoing instrument, and atknowledg a btf a rte that tMy szecuted tM sine fa the purposes
therein expressed. And tM sai' Doris Me R C~l{
wife of the said ___ __ _ __ ~' dI-iLiTld M• Radke upon a separate end prrvats
examination by me taken separate end apart from her said husband, acknowledged to and befpre rite that sM executed aid instrument freely and volun-
tarily and without any compulsion, constraint, apprehension, or fear of or from Mr said husband.
WITNESS my hand and official seal thia_- `~~~~ day of @b Lla A. D. 19 61
Noiary Public in ~ `' r S -'= !xu..r E.rr~.
My CemmLslOr. expire ,/T~. -
Return To: Notary Public, S!al~ of Florida at large
First Federal Savings a. loan Association ,
or Fort Pierce. My Commtsster _.p res fan. 2d, 1464
Fort Pierce, Florida ~~< < t soeae sr x. ......,, r,r. a c..wr Ce.
.... . ,ZC: ~ ,
~~ ` DRDED
• ~ °..:.~"~ .~~: FLED
•' AND
_; ~_
. ..... ~ - hUGER POITRAS. Ct[`'K
...,,;~.,,. S1, lUC1E COUNtYr FlOni-tA
~~
I
. J ; • ~ ~ _
_ =~ ~ a ••
r
l.~' .... f \.
~. , .
..~. , . .
rr:;,r~~. ~~
B