HomeMy WebLinkAbout2893 3. To p~ace and continuousty keep on the bu~:d~ngs now oi hereafter e;tvate on sa+d land and on 9;~ equip,nent and perwnaliy covered by thi~ mwfy- C,
~qe, with al! p~erni~ms lhereon pa~d in full, fi~e insuranca in tha vsual standard po!icy form, in a svm approved by the MORiGAGFE, •nd windstorm
insuront~ in fhe usu~l standa~d policy fam, in a sum app~ovad by the MORTGAGEE, in such company or tompsn~es aa the MORiGAGEE may
direct; and •II fir~ and windstorm i~surance pd~c:es on arty of sa~d b~ild~ng~, ~ny interast therein nr part thereof, in Ihe sggreya~e sum ~forasaid w
pi ~xtett thersof, sl+~Il contain tha wual standard mortgagec clause or such o~he~ clsute as the Mo~tgagte may requ~re, meking rha los~ under aa~d polH
~ fi~s, sach and ~very, Qaya61~ ro sa~d MORTGAGEE as ita interesi may appear, and each ard every such poGcy •ha11 be promptty esa.gned and dtlivered to
~ny he{d by s+id MORTGAGEE ~s furthee security to seld mprtgag~ d~bt, end, not lea~ than ten (101 days in advance of the axpiretion of each poli~jr, to da
IivM ?o ~aid MORTGAGEE a nnewal thereof, toqether wirh s receipt for the premium of tuch renewe!; and there shall be no f~~e or w~nd~iorm insurance
pletsd on •ny of seid buildinys, any interrsl therein or pert thereof, unle?s in the form and with the !oss payab~e as afo~esaid; and in tM ovent any wm
of mo~ey brcomet payable under tucfi policy or policies said h10RTGAGEE sha~f have rhv option to receivz and app!y thr same on account of the indebred-
n~ss rtcur~d htreby w ro permit said MORTGAGORS to receive and use it ar any part rhe~eoi tor ori~rr p~r;~~srs, v.~iho.,t ~hrrcur wai~i:ig or ~maair-
iny any equity, lien a right unde~ or by v+rtue ot this mo:rgage; snd 7n the event tatd MORTGAGORS ~hall for any reasan feil to kecp the se~d premise~ w
insured, ur fail to delive~ promptly any of said pol~ties of insvrance ro snld MORTGAGEE, or tail promptly to pay futly any prem~~m thercfor o~ in any
respect tei) ro perfwm, discherge, exec~te, effect, complete, comply with and ebida by thi~ tov+rnant, or a~y part hareof, said MORTGAGEE may place and
pay fw tuth irqurance or any part thereof without waiviny or affecting any option, lien, equity; or right under or by virtue of rhis Mortgaye, a~d the
ful! amount of each ~nd ev~ry suth paymenl shall be immedietely dve and payab~e and shall bear interrsl irom tha date thercof until paid at the rote oi
nina per centum pN annum and together with such interest sheii L-e aecured by tfie lie~ of thi~ mortgage.
4. To permit, mmmit w auffer no waste, irnpe~rment or detrrioration of said property ot any part thereof.
5. To pay a!1 and sinqular the coita, chargo~ and expensea, induding a reasonable attomey's Fee and costs af abotracts of title, incurred or psi~ at
a~y Hmc 6y said MORTGAGEE, betause o~ in the evenf of the failure on thc part of :he said MOR7GAGOR to duly, p~onrptly and fuliy perfo:m, d~scharge.
execute, effect, tompleta, comply with ar+d ab~de by each and every the stipulations, agreements, conditions, and cov~nents of said promissory note and this
mortgaqe any or e~ther, and said cosri, chargea and expenses, each and every, shal~ be immediately due end payab~e; whether or nm rhere be notice da
mand, atfempt to collect or tuit pending; and the f~ll a~nount of each anrl every such payment shall bear interest from the date tfiereof e,ntil paid al the
rate of nine per centum per anuurn; an~ all said costs, charges and expenses incwred or peid, together w~th such interest, shall be secured by the leen o~ thi~
morfpsqa.
6. That (a) in the event of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money
herein refierred io be not promptly and (ully paid within th~rty i30) days next atrer the sa;r,e severa!ly becon;e due and payable, witFrout demand or norice,
or (c) in t~e event each and every the stipu:aNons, agreements, cond~t~or,s ar.d covenants of sa d promissory note and th;s mortg.~ge any or either are n~t
~uly, pramptly and fully performed, d~scharged, executed, effecred, compieted, compl;ed wirh and ab~ded Sy, ihen in either or any such evant thc said ag-
pregate ~um mentianed in said prom~ssory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shali become due and pay
eble forthwith~ or thrreafter, at the option of safd MORTGAGEE, as fully and completety as if ell of rhe sa~d s~rrs of money were origine~ly st~pwated
ro be paid on such day, anything in sa;d prom;ssory note or in this Mortgage to the conrrary notwithstand~ng; and thereupon or lhereafte~ at the opnon of
said MORTGAGEE, without notice ar demand, aui! at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured priw to its institution.
7. That in fhe event that at the beginn~ng of or at any time pending any suit ~pon this hlortgage, or to foreclose it, or to reform it, or to enfor~Q
payment of eny daims hereunder, said MO~aTGAGEE shall apply to ihe Court haviny ju~~sd,ction thereo4 fcr ~he appo~ntment of a Receiver, such Court shall
Farthwith appoint a r?ce~ver of said mortgaged property all and singufar, i~clud:ng ~If and singutar rF.e income, prollts, itaves and revenues irom whatever
tource derived, each and every of wh~ch, it being expreszly understood, is hereby mor~ga_c,ed as if spe.,fically set forth and destribed in rhe granting and
habendum ciavses hereof, and such Recrivzr shall have al( the bread and effe<tive funct,vns and powers in anywise entrueted by a Court to a Receiver, and
tuch appointment sha~l be made by such Court af an admitted equity and a matter o` absolute r~ght to said MORTGAGEE, and winc~ut reference to the
edequacy or inadequacy oi the valve of the property mortgaged or to the so~vency or inso~vency of sa~d MORTGP.GOR ar the defendants, and that such
renrs, profits, income, iYSUes a~d revenues ahail be app!ied by such Receiver accord~ng to the lien or equ~ty oi said I~M1ORTGAGEE and the practice of suth
Court.
8. 7o duly, pr~rr,ptly and fully perform, discharge, execute, effect, compie~e, con,ply w~ih ard ab~de by each and every the sfipu!ations, agreements,
conditions and covenanta in sald promissory note and this mortgage set forih,
4. That i~ the event the ownership of the mortgaged premises, o~ any part tFcreof, be:omes vested in a person oiher than the MORTGAGOR, ihe
MORTGAGEE, ih svccessors and assigns, may, without nofice to the h10RTGAOR, deai with wch wcces:or or suaessor in interest wirh reference ~o this
mor.gage end the dabf hereby sawred in the same manner as with 1vlor,gagor witho~t in any way vit~ating or d~scharg~ng the lfcrtgagors' liability herr
under or upe~n the debt hereby secured. No sa~e of ;F:= Fremises hereh~~ mortgaged and no forbearance on the part of the MORTGRGEE or its sutces3ors
or ass+gns and no extension of the rime for the paymen; oF rh,e debt h~reby secured g~ven by the ~1tORTGAGEE oc its successon or assSgns, shall op~rate
ro release, d~scharge, modify chenge o! effect !hc orig~nul I;a~:i;;y of the N.JRTGAGOR her~~n, either in whole or in part.
10. It is specifically agreed rhat t~me is of the esseri:e of rhis contract and that n~ waiver of any oh~l~arlon here~nder or of the obligation se-
a.red hereby sha!t at any time thereaiter be he!d to be a wai~cr of rne terms hereof or of the instru~ient secu.ed herhy. '
11. In addition !o the forego'n9 month!y payrne~;s of princ pai and interest reqv~red by t1~e pro:n'sscry nere sec~red Fereby, mortgagor covenams
ard agrees to pay so morrgagee K~th each menth:y pay~~ent an add~rional sv^i cs' n ated bf TO'~(~3Qct~ !o be eyual to 1, 12 of t5e annual cost of the fotlow-
ing:
A--AII real property taxes fevied or ass~ss,d a~si~,st rh~~ above d~•sc~ib~_d rea! es+ate.
B-Fremiums on fire and wir.dsrorm insurac.e as ~ere~n rco.,;red ro be ce~ried cn rhe Irrp-oveme~ts r,'vate on the a6ovc d_scribed pramises.
C-Premiums on such mortgage gvaranty ~r.sura~.ce as martgagee sha'I fro~~ t me ro ti~r.e o~ em fi! tc cs~ry ;n the loan secured hereby.
• Mortgagee shal~ frcm t~me te tlme norify mcrtgsgar ~n •~.riting of the amcu~it due and payaLie i~ere~ndar and s~ch sum sha;l thereupon be due and
Fayable on tne due da!e oi the next mo~tn:y payment a^d e~ch svaess~ve mo^th rhereaffer urnii mcrtga~ee shall no?Ify mortgaaor of a change in such
amount. Such sums shall be applied by mortgaoee !owa~o ti;e payment of reai prcparty taxes, insurance prv_m;~ms, and n~ortgage gua.anty insurance
premiums.
IIY WITNESS Y:HERcOf, the said MORTGAGOR has heceu~to set h~s hard and seal the day a~d year first aforesaid.
i nrd, al and delivere the resence of: , .,6~
(Seal)
(5e6q
- (Seal)
- (Seeq
STATE OF fLORIDA
COUNTY OF S t~ L1lC j. ~ ~ ~
Befwe me personally appeared ~ $.8~~..~--~ Tret'elnsr and
_~~$j],~ S~__ his wife, to me well known ~nd known to me to be
thre individuali described in and who executed the foregoing insnument, and acknowiedged txfore me that they txewted the same for the purposes
therein expressed. And the said Genevieve S. Tr~~eYner
wi(e of tne sa~d ~ ReA~B D. Tref~~ner , upon a separate and private
exem:nation by me taken separate and apart from her said hus nd, e~knowledged to and before me that she executed said instr~ment freely and volurn
tarily and witho~t any compulsion, ccnNraint, apprehension, ear of or from her said husband.
WI7NE55 my hand and official seal this_~ _ day of Ju-1..~ - A. D. is~~~
i ~
~ ~ -
Notary Public in and for the State of Florida at lerge
My Comm~ssion expires:
Return To: p `+ORO~' O Notar,r i u'.:•'._, State of F,or:da at Large
fint Federal Savings 6 Loan Associat~one`L N r`~s~~~Q~ kiy C:Cn~m55OCt ~xp~35 ~~~OV. 3, 190~
Of Fcrt Plerce. r 8onded Gy American Surety Co. of N. Y.
Fort Pierce. Ftorida iA~r~iApj~ / . _ . . .
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