HomeMy WebLinkAbout1822 3. To piace end continuousty ke~p on the bul'.du~gs ro.v or hereaieer s~~~a!e on sa,d +and a,,;i e~~ a'' eq.;;F:~~rnr e: d penen,'~> co~e~ed by th~s mortg•
s9s, with all premiumf thereon pald in full, fire in5~ranca ~n th~~ ~:uai sian;~ard po'~cy form, in a s::~n arNrcved b~~ thc ~i1OR!~•%:G:E, and wind~torm
inwrance in the usual atandard pol~ey form, in ~ win apF:ro.eti Ly ~ha MOkTG.AGEE, in such compm~y ^r ca~npan:es .~s rhe A•.Q2TGAGEE may
dired; •nd alt fi~e end w~nditorm insvrance pol~c;es o+7 anp of sa~d b~i!d~ngs, any interest therein or pa~t ther~of, in the a99r~gacr aurn aforeaaid or
In exees~ thereof, sh~ll contein the usual standard moctryagee dause or such o~her c!ause as the Mortgagez n•~ay rrqu:re, n~aling th<~ ~ess ~ndr~ 33'd ~JO~N
tiei, each and every, payab!e to said MOR'iG.4GEE as ~ts interest n+ay appear, and each and zvery wch p:>'~cy sE+a;~ bc' f:fJ~Y'~vt~•j dS5 y^~~eJ a~+d deliverzd to
•ny held by said MORTGAGEE as further aecu~ity to said ~noregage debt, a~~d, ner less rhan te:~ t~~) d±ys in ad,an~e of ~hr etir;rat:en of each pollcy, ?o do•
(ivar fo said MORTG~GEF a ronewal thereof, togeiher with a receiF•t for rhe pramivm of wch rrnewal; jnd th~re sha;1 6: no f~re o~ wlndsto~n, ins~rence
placed on ~ny of Yaid building~, any ;nterest there~n nr part thereot, uniess in ~he for~n end w~~h the loss pay~b!r as afo~esa;d; and in the e~ent any sum
of mo~ey brtomes payable ~nder suth poli:y er policies said MORTGAGEE sh~ll ha~•e the opt!a-~ !o rrc:~.e and ~,^.f~:y the san;r on accov~~ of the indebtrd-
ness sec~red hereby or to permit aaid MORTGAGURS to receive and use it or any pnrt ti:,:eoi r.,r n:~,:r F:;r; =s~s, t ii.,~~•,, l,--:'.;~J ~"~P~~"
iny eny equ~ty, lien w right under or by virtue of thh mo:'gage; and in the eve~~t sa d MU~ZTGr~GQRS shsil fo~ any reascn faii to keep thc sa~d premises so
inwred, or fail to detiver prom~tly any of said poi;ues of insurance ro sa:d MORTGAGEE, or fa~~ pr.~n:pNy to r~y fwiy any pr~, n~u~n thar~for or in a~~y _
rospect fail to perform, discharge, execute, effect, completa, co:npty wi~h and abide by this cove~ant, or any p.jrt h<reof, se~d MORivAGEE may placa a~c
pay for such insuran_e oe ar.y parf thereof witho~t waiving or affecti~g any option, lien; equ~ty, or rigfit viider o~ by virtue of rhls Mortgage, and the
fvll amounl of eech end every such payment ahall be Immediately due and payable and shail hear interes~ ftom tha datr therroi ur~tii pr,id ai the rare o1
nine per cenrum per annum and ro~ether wiih wcn i~ire~esr chcli i~e secured 'oy rnr lien of ih~s morrgagc.
4. To parmit, eommit or suffer no waste, impairment or deter~oration oi sa~d property or any part thcreaf.
5. To pay a~l and singuiar the ensts, tharges and expenses, inciuding s reasonab!e att0!nzy"S fee and ccsts of abstracts of t~t;e, inc~rred or paid at
eny tima by said MORTGAGEE, becavse or i~ the event ef th~ fa:!ure on the pa:t of ;he said h50RiGAGOR to du:y, prorptiy and fu'~ly perform, d~scharge
exec~te, effect, eomplete, comply w~!h and ab:de by each and every rha st~p~faf~o-~s, a9rermenfs, condltions. ar,d coveran+s of sa~~ NrO~ni55Jry nore and ih~s
mortgage any or either, and sa~d costs, chafges and expenses, each and evary, shall be immed~a!e'y due and payal;!e; whether o- r.ct there be not~ce da
mand, attempt to coll~t or suit pe~d~ng; and the full arnoum of each and every s~~ch pa,mert sha!I i~ear {~,e~res~ from the dara rhereof until paid at ihe
rate of nine oer cantum pcr cnnurn; and afl said custs, ~harges and axc~nses incurred or pa~d, ~ogethar ~x~th w<h interest, shail be sec~red by the Gen of th~f
mortgege.
6. 7'hat (a) in tfie event of ar.y breach of th~s Morfgaga or defav't on tha part of the ~ti',ORTGAGCR, cr ;Eil in the event arty oF sa'd sums ef money
herein roferred to be not pr~mpNy and fu~ly paid wiihin thirty (3Ji days nett afr=~r the same severa'ly become due and payable, without demand or notice,
or (t) in ihe evcnt each and every the stipu;ai~ons, agreements, cor,d~+~ons and tovenan+s o' sn d pro nissc~~ nos: and th;s mertgage any or either are not
~uty, prompt[y and fuily performed, d~scharged, exewted, effected, comp!~ted, complied w~th and a;•dc•d 5y, then in e~rhzr er any svch event ihe: said ag~
~ gregate sum mentior,td in said promissory note tnen re:naining unpa~d, wirh irdere;t ~ccrurd, and a:~ monays secured hereby, shai! becorne due a~d pay
a`ule forthwilh, or thereaFter, at the opt~c~ of said MO~TG.AGGE, as iuily and comp!eteiy as if ail ef th;; said sums of money were o~iginai:y st~p~,ated
ro be pald on such day, anything in sald pro~nisscry note or ~n this M,ertgag: ro th< conrrary not.~,~iisrs~~dlno; and rhtre~pon or thereaf~er a~ the optfon of
said MORTGAGEE, without roti~e or demand, suit at law or in equity, ~h::refnre or fhereaiter beg~.n, may te p:osec~tzd as if all moneys secured hereby
had matured pnor ro its instit~tion.
7. That in the evert ihat at the beginning of or at any t~me pend~ng any su ; upo^ tFus rAo•rqa ;e, er to foreclose it, or to reform it, or to enfurce
' payment uf any daims hereunder, sa~d MORTGr:GEE shal~ :ipp!y to rh~• Geuri havir.g ~u~~sd:c.~en th_~r~ut for th. appantrnent of a ReceFrer, such Co~ri shall
Forthwith appoint a receiver of said mortgaged proparty a'I and singv!ar, inc:~d ng a,i a~:d s~~~au :~r r:e i^ce:ne, prof~ts, iss~e; ar.d reven~es from whatevar
t ieurce derived, each and every of wh;ch, if bei~g ~xpress!y ~nderstooc~, ~a hereby mr.r~~.;ed ;i ;f sp„c.f~c:~I;y set forfh and desu~bed in the granring and
E habend~m da~ses herecf, and such Receiver shali have a!I ihe b~oad and e+fec+~ve fu:~c~ ons :and pe.ver; in anrn•!se emrvsted by a i.eurt to a Re.eiver, and
F suth appointme~v shaN be made by s~ch Cou~t as an adn~~tted eq~~ty and a matter cf a;:soiutr nght ro sa;d MORTGAvEE, a~d w~theul reference to' the
adequaty or inadequacy of the value of the property mongaged or to tn~ so.ve~~cy or :n:o:v~~ncy of sa:d h",ORiGAGOR or the defendants, and rhat svch
renrs, profits, income, issues and revenues ahail be applied by such Recrivar zccc:d,~~,g !o the iien or equity ef said h10R?GAGEE and the prpctice of such
CouA.
8. To duty, prompNy and fuNy perform, discharg~, exe;.~te, effe,r, comp~ete, com.;:~y •r:ith a~,d sb;dc by each and every the st~puiatiens, agreements,
conditions and eovenants in said promissory note ar.d th~s n;ertga~e set forth.
9. That in the ee•ent the ewr:ership of th~ mxtgayed pre~; ises, cr ::r;y p~rt ti,ere~`, c~c•~•nes vc;ted in a persor o!her ti~an the /L10RTGAGOR, the
M+ORTGAGEE, its suctessors and assigns, may, ~viihout nw;o= te rn~ ?,;OR;G~OR d,-a' ,,,th _.,cn s~ccessor o• s::ccessor in interes~ w~th reference to thi~
~ morrgage and the debt hereby secvred in the sarrn: manner as v:~fh !.5o~rgago~ .v<<h~u+ ;n a-.y v.ay vit.a~ing e~ d,scharoir.g ~ne t,lcrtyagors' liaoi~ity here-
under or upo~ !he debt hereby secured. No sa:e of ti;e Frert ~ses h~reb~ rnertg~y-ed ard r,o iorbeara~~tt~ -vn the Fan of the t.1CRTGAvEE or its s~ccessors
; or assigns and no exiension of tfie time for ihe paym_•~t uf th~ debr f:^n.L~y s^.cured given by the /.~'JRTGAGEE er its svccessors or ass gns, ahai; oWerate
; ro release, d+tcharge, motiffy change G! aftect the orig~nai ilao of ~i~e ~:ORTGAGOR f~er~~;n, e~ti;Er ;n who~e or in pert.
r
j 10. It is spec~ficatly aareed that time is of the essen:e cF t~~:s cc~'.trac+ a~~d th~t no waiver of ary ob',gar;un hereunder or oi the obligation sr>-
~ c~red hereby shall at any time thereafter be held to be a waive; ci nc~ tcr~:.s heree` cr ef the i~s~r~n-cnt secv~cd herby.
{ 11. in add:tio7 to th> fore4o'ng month'y p.,~,re:±ts o~ ^.;.c: ~rd .cq~::ed 'o; th~ prcn,'ss~ry r,re sccured har~b,~, m,rt~a~-~r covenants
i and agrres to pay to mortgag~c with eatn ~T~on+h'y ,_nt a da ~ ~^ai s l. . s, f,;; n-o; tg~g.,., to t:e ecvai !0 1 12 ci t;r~ an i_~a; cost cf the folio.4-
! ~ng:
~ A-All real property taxes ievied O' d55B55~C: d~~i~:s' aco.•e de:cri';cd re~l ~;ca!e.
f 6-Prem~urns on fire and windsronn irs~~a~ce as n_re~n raq~red to bc• csrn:d c^ the .~-,,rcve~~~~~t; s;t~~a'e on tnc abov~ do;cr~bed premise:.
C-Premium5 on s~th mortgage guarynt~ ~ns~ra~ ce cs n:e':gag~e s~a;! jrorr: t rrc~ !o tnn~• G^^.'~~ fit to carry nn thc ~oan secured hereby.
Mortgagee shai~ from time te t;r':a :'e'~.'~ m.-t~,gc~ ~n v:~i!~r.~ e` !h_ ,,~~~r ci;c ~~nd p~~Yat;!e he~e~^••dar a~:d svci~ s~n: sha'.I there~pon be due and
payable on tne d~~e date of rhe next n•o~~!n:; ,r.-~y«-e,t ^.d e:c~; s~:ces~i.e ^.^'h ..;eaf!, urr;! mutqagee sha'f rot;iy ~ne•t~;gor of a change in s~~th
amount. Such sums shaii be app'ied i~y rioirg;_-- ;~:~:ard r~.., ;~a~~t~n, of re 'r~ ..~,ert; raxes. inr~~~.~.c~ prcr;:urs: o:•d :-~ort~a~e gv~~anty insurance
premiums.
IN WITNESS YINEREOF, the sa~d MpRSG.4GOR F,~s n_~e~:~!o se? h~s h~~ d zr.d se_~i tne day and year first aforesa;d. ~
~ Signed Se d and ~vered in the presence of:
~ ~ ~.,T(Seal)
T-__ . .J J (5eai)
I '
- ' -tsea
- - -
~ _ (5eal)
TE OF fLORIDA ~
55.
CQUNTY OF ~R ~Zl t T~llC 1.E3 j
Befare me personaliy a~ipeared W3~~-Zai'.~L Sanford a~~
~i~I'O~. M~Sanford _T._ h~s wife, to me well krta~~an and kno•rin to me to be
fhe individuals deacribed in and who execu~ed the foregoirg instrument, anti acknowi?dged before me that !hey exea~ted the same for the purposes
~herein expressed. Arxi the said~____.~At'n~ riw.~~~s'~.Y1fQZ'C~ -
wife o! the said Wiliard G. Sanford _ ~Fa~ a separate and private
examinat~on by me taken separate and apart frem her sa~d husband, acknnw;edged ro and berore me that she executed said instrument freely and vol~n-
tarily and w+thout any compulsion, constra~nt, appreh s;on, or 4ear of er frcrn her said husband. • _
WITNESS my nand ar.d o'licial seal this____~ day o'_~. _ ~ •.--,_~1: 4;'•J'7~
~ - . . .
,
_ SC~r+d~'+j , r-- ~r-=r % r:
Notary PubGc in and for the Stata ot~1CPfdd,atlargs
My Commiision expires: ~ r
Return io: ED
firsr federal Savirigs ~ ioen Rssoci~tion ~i~ ~ ~~n~ ~ , ~ ' • •
Of Fort Pierte. ,~~___r---~- ~1TARY PLlBLlL. STA7E e~.kitktPC7A at LA~CE
Fo;t Pierc~ Florida A9Y COMSiISS10M'-~XQiRES APR. 2~1; '~954
. ' ,~~'-°-r.~z~'~C . ~ p . ! ~ V J
. - . - , ~tfN 2 ~ ~ 10 ~ :~<<<,~,,,.
. . d, ~...~f i ~ .
- - `j~~ + LERK
. . . . `r~ ' h: ~ ;
r . . , ROCyER F'UII~RAS. C
.r _ ~ 7',/ ST. ~UCiE COUNTY•
' ' FLORIDA
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,
SUGK (dQ
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