HomeMy WebLinkAbout1794~aRK ~~ fAGE 4~3U
3. To place end continuously kcsn on tM buildings now or ha.raaftsr -Ituau or said land and on all equipment and personally covered by this mo•tg-
sgs, with ail pnmiuma thereon paid in full, fin IMUrlnce in tM uwal standarJ policy form, In a sum approves! by tF.t: ?: C'tT:>AGEE, and windstorm
insurance in the wual standard polity form, In a cum approved by tine AhCRTGAGEE, In s+,•:h company or comp;.nlsa as -the MORTGAGEE may
direct; end all fin and windstorm inaurorxt policies ors any of said bulldirsgt, any I ~terttt therein or part thereof, In the aggregate sum aforesaid or
in excess char-of, shall contain tM usual standard mortgagee elaust w such other clause sa rho Mortgsget may rtquin, makL~g the loss under said nol4
tics, each end ovary, payable to raid MORTGAGEE as its Interest may appear, •nd each end every such policy -hall be prorptly au:gne:f end delivered to
any held by said MORTGAGEE as further aeevrity to sold nrortgaye debt, arid, trot lass :Mrs Nn (l A) days in advance of the expiration of each policy, to de•
IivH ro said MORTGAGEE a rtntwsl theravf, together with a receipt for the premium of wch renewal; and then .hall bt ro firs or windstorm inauranca
placed on any of said bvildirtga, any intens- therein or pert thereof, unleu in tM form end with the loo payable ss aforesatd; en<) in the event any sum
of money becomes pyyable under such policy or policies said MORTGAGEE theft have the option to receive and apply 1M same on account of the Indebted-
ness secured Mraby or to permit said MORTGAGORS to receive and use It or any part cheroot For other purposes, without thrtrby waiving or m,pa~r•
Ong any equity, lien or right under or by virtue of this mortgage; and in the .vent said MORTGAGORS shell for any rte son fail to keep the said premises so
insured, a fail to deliver promptly any of said policies of Insurance to raid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
rrspect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place aid
pay for such insurance or any part the•.aof without welvinp w sffectirp any option, Ilan, equity, or right under or by virtue of this Mortgage, and the
full amount of each and every such payment shall bs immediately due and payable snd shat! bear interest from the date thereof until paid at the rate o1
nine pet centum per annum and together with such interest shell be secured by the lien of this mortgage.
i. To permit, commit a suffer no waste, Impairment a dsttrioration of ss{d property w any part thereof.
5. To pay ell end singular the costs, charges end expenses, including a reasonable attorney's fee and costs of abstrach of title, Incurred or paid at
any time by said MORTGAGEE, because or in the event of the failure on the part of the sold MORTGAGOR to duly, promptly and fully perform, discharge,
execute, effect, complete, comply with end ab:da by each and every the stipulations, agreements, conditions, and covenants of said promissory Here end Chit
mortgage any or either, and said cotta, charges and expenses, each and every, shall be immediately due and payable; whether w not there be notice de
mend, attempt to collect or suit pending] and tM full amount of tech and way Guth payment shall bear intarett from the data thereof until paid at the
rare of nine per centum per annum; and all said coats, cMrges end exptme- incurred or paid, together with such interest, shell be secured by the lien of this
mortgage.
6. That (a) in the event of any breach of thla Mortgage or defeUlt on the pert of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly and fully paid within thirty (30) days next after Iht tame severally become due and payable, withov! demand or notice,
or~(c) in the even! each and every tht stipulations, agreements, conditions and covenentt of said promissory note end this mortgage any or either are not
~vly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag-
gregate sum mentioned in said promissory rota than remaining unpaid, with interest acuued, and all moneys secured Mraby, shall become due and pay-
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money went) originally stipulated
to be paid ors such day, anything in said promissory note or in this Mortgage io the contrary notwithstanding; end thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suit at few or in equity, therefore or thereafter begun, may be prosecuted at if all moneys"secured hereby
had matured prior to i•t institution.
7. That in the event that et the beginning of or at any lima pending any suit upon thin Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shell apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property all end singular, including ail and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if speciiically set forth and described in the granting end
habendvm clauses hereof, and tuck Receiver shell have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity end a matter of absolute right to eaid MORTGAGEE, and without reference to the
adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shall ba applied by such Receiver according to the lien or equity of said MORTGAGEE and 1M~ practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each ar.d every tM stipulations, agreements,
conditions and covenants in said promissory Hots and thla mortgage set forth. '
9. That in the event the ownership of the mortgaged premises, or any part thereof fxcomet vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, its successors end assign:, may, without notice to tha MORTGAOR, dual with tech successor or svccetsor in interest with reference to thin
mortgage and the debt hereby secured in the tame manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability Mre-
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE or its successors
or assigns and no extension of the time for the payment of the debt Mraby secwed given by the MORTGAGEE or its successors a~ atsignt, shall operate
ro release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
1~. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
cured Mraby shall et any time thereafter be held to be a waiver of the terms hereof or of the instcumant secured herby.
I1. In addition to the forego;ng monthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 112 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance at herein required to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from tir,,e to time ratify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance
premiums.
IN Y~ITNE55 WHEREOF, the said MORTGAGOR hat hereunto set his hand and seal tM day end year first aforesaid.
Signed, Sealed and elivtred in t • presence of:
GG ~~' ~ ~ I)
' ~4~J
-,,
STATE OF FLORIDA
~',~
COUNTY OF
St. Lucie
.111_15ea1)
Before me personally appeared M tT ~ Tz7rr~Yip`rr~r' bar- ' ~~` ~' ~ •
Lola Van Honeyeut~ ~ ~ his wife, to me well kty+~s•'Yr, ~ilx~tLrtL'~-• bc~
the individuals described in and who executed tM foregoing instrurrstnt, and acknowledged before me that they sxecuts~:tKssfYt'f-.'j!dS;;t~s} pOr
tfiereln expreued. And tM said LUIa Van Horis ~:U'Gt ~~~' ' ~ •• ~,.~T
wife of 1M said ?''Me He HOrievCUtt sir•.on',;,`~'ar~~ {pd'privat•
examination by ms taken separate end apart from her Bald husband, acknowledged to and f±efora ma that she executed said Instrument t}reih~~end volun•
eerily and without any compulsion, constraint, apprehensiro~n, or fosr of or frrm her sold hwband. _
WITNESS my hand and official seal this l ~~~ day of A-~ f' ms's = J ~'L' A. D. 195
Not Public i end for Stat• of Fbrida at large
My mission txplrw:
Return To:
First Fedanl Sav'ngs b Loan Association
Of Fort Pierce.
Fort Pietc~; flo:ida
, n rr) y~. .`t
~~ ~ •
` H ' ~
' •~~'~ Trs,,J ,
rrl: l:ra?ti•"
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~~.~ ~~ 1 Netar; Public, State of Prorida at large
ilfly Commission Exaires Dec. 3, 19bS
i~! FIL APlD RECORDED aoadad ay Aeurrsa f)Q 8 Casvakr ees,
~..aoo~ .
i~szoEC
7 PM 3: 4S
P,aGER POITRAS, CLERK
ST. LUCIE CDUNti, ~ I,OR~DA~~D~
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