HomeMy WebLinkAbout1941 a. To plac~ ~nd cantlnuou~ly kwp a+ tM bvildirp~ now a hereafter ~i~u~te on s~id land ~nd on ~II equip~n~t ~nd parwna~~y tov~rrd by thia morro-
p~, witA ~11 prwniwna tM~ton p~~d in futl, fir~ imurante in the wuai a~andsrd pol~cy fwm, in • sum approwd by the MORTGAGEE, ~~d windstwm
Yqw~~t+ In th~ uw:: ~t~ntlard polity form.' in • wm approv~d by tM MORTGAGEE, in such company or compani~s af tM MORTGAGEE may
di~~ct~ ~nd ~II fi?~ ~nd wind~w?m ir~sur~nc~ policin on ~ny of u~d build~nys. a~y int~r~?st therei~ or part th~r~of, in ~h~ +fl9rp~t~ wm afw~uid w
In ~xcua tMnof, ~MII ca++bin tM wwl ~tandud mort9aqN clauss or wc'~ othH claui~ +i the Mortyag~a may nqu~n, maki~q Ihe lou ur~. ~a~d po1F
ti~s, NcA ~nd ~wry, paybN ro wid MARTGAGEE a~ its intereat may spps~?, ~nd ~~ch and every iuch polity fhall b~ promptly ~is.yned a~d de~ivertd to
.~ny hstd by s~id MORiCyAGEE a furth~r s~cvrity to ~aid mwt9age debt, •nd, not laas the~ t~n (10) deys i~ advance ni tM ezpir~tio~ af ~ech poHcy, to dr
~iv~r to Nid MORTGAGEE a rMww~l ther~of, top~lMr with a rxeipt for the p~emium of ~uch renewal; end 1Mre shall be no fir~ or windatorm iniur~nc~
plicrrd os~ ~ny of wid b~ildirg~, any interrst tMr~in a pan therwf, unless in the form and with th~ losa payable as afortsaid; and in tht event any surn
pf mpn~y b~tpn~ p~yabl~ und~r wch policy or polici~s taid MORTGAGEE shall have tFue option to ?eceive and spply fhe same on ~ccounl of ih~ indebted-
r»c~ Ncvr~d h~r~by a ro pennit wid MORTGAGORS ~o receivs •nd uae it a eny part thereof for o~her purpoaes, w~~hour the+eb,~ wai~i~~g or ~n.pair-
inp an~ puitr, li~n a riqht under or by v9Aw of thii marlqaye; and in the evenf uid MORTGAGORS shall fw sny teawn fail to keep the ~sid premise~ so
inwnd, w f~fl to deliwr promptly any of uid policie~ of insurance to ~a~d MORTGAGEE, w fail promptiy to pay fully any premium therefor o~ in ~ny
?Np~ct fai~ to p~rlwm, discMrq~, ~x~tut~, •ffect, compl~te, cornply with and abide by this covenani, or ~ny part hareof, ~sid MORTGAGEE m~y ptace end
p~y fw suth ira~rarltf or any p~rt th~rwf without w~ivirp w affettinp ~ny option, li~n, aqVity, o~ ri~ht und~? o~ by virtue of thi• Mortyaqe, a~d tht
fuq amo~nt of rath and ewry wth paymtr+t ihall 6e imm~diately dw and paya6l• and shall beer interast from t1u date ihereof ~ntil paid at the rate ot
nirw p~r e~ntum pK ~nnum ~nd toyether with such interest shall be ~ecured by ihe 1+en of thi~ mortgaye.
4. To permit, commit or suffK no watt~, imp~irment or deterioration of said proFerty or any part thereof.
S. To pay •II Md sinpulw th~ totb, th~rge~ a~d expense:, includinq a reawnable attor~ey's fee and costi of abstrattt of titla, incurred or paid s1
any time by Hid MORTGAGEE, b~t~uae nr in the ~v~nt of the feilure on the part of tM caid MORTGAGOR to duly, promptly and fully perform, diuha~g~,
~x~cvt~, ~ffect, comp{tte, wmply with and abida 6y ea<h snd every tha atioulstions, +greements, conditioro, end covenants of seid promissory note +nd thi•
moriq~pe sny o? ~itMr, and said cosb, charqei •nd expsmrs, e+ch and every, •Mli be immediatety due and payable; wherher w not there be notice da
m~nd, ammpt to coIIM or ~ui1 pendiny; the full amvunt of eath end every au<h payment thall bea~ intarest from the date thereof until paid at the
r~te of nine per ~entum per annum; and a!I said costs, charge~ end eapenses incurred or paid, together with such int~rnt, ~hall be sacured by tM li~n of thia
~9+0~•
6. That (a) in the event of eny breach of thi~ Mortgaqe or default on the part of the MORTGAGOR, or (b) in the event any of said tums of money
Mr~ln nfernd to b~ not promptly and fvlly paid within thirty (30) days ~ext after the same severatly betome due and payable, withoui demand or notite,
or in the ~vent each ~nd every the atipulatio~s, agreements, tonditions and covenanta of aa:d prom'issory note an3 fhis martgage any or either are not
~uly, prarrpHy and fully performed, d~scharged, exacuted, effected, campi~ted, complied with and •bided by, then in either or any tuch svent th~ isid ~q~
qr~yat~ sum rrwmiontd in said promissory note then remaining unpaid, with interest eccrued, a~d all moneya xwred hereby, ~h~ll become due and pay-
~b!• forthwith, or thereaher, ~t the option of said MORTGAGEE, ai fully and completely a• if all of rhe said sums of money wece oriqinally ~t~pulated
to be paid on su~h day, anythinq in s5id promissory note or in this Mortgege to the contrary notw.ith~tandinq; and thereupon or theresfter at the option of
t~id MOItTGAGEE, without natice or demand, :u+t at law or in equity, therefore nr th~reafter be~un, may bt proaecutsd ai if all moneys tecur~d hertby
had mytur~d prior to iri institution.
7. That in ths ev~nt that at tlie beginning of or at any time pending any swit upon this Mortgaqe, or to for~clo~e it, or to reform ft, or to enf~rt~
payment ot •ny claim~ har*vnder, said MORTGAGEE shall apply to the Court heving jurisd~ction thereof for the appointment of a Receiver, ~uth Cwrt ~hall
forihwith rppoint • r~ceiv~r of aai~! mortpage+d property stl end singular, inUud~ng all and singular the incame, profits, iuues and rev~nue~ from whafever
wurt~ deriv~d, ~sth and wery o# wh~th, it beinq exprossly underatood, is hereby mortgaged a• if specifically set forth ~nd dettribed in the prentinq and
h~bendum claus~s hereof, a~d such Receiwr shall have •tl the broad end effective funct~ons and power• in anywisc entrusted by a Court tp a Receiv~r, •nd
~uch appaintm~nt thall be m~ds by ~uch Court ai an admitted equity and a matter of absolute right to said MORTGAGEE, and without roference ta th~
~dsquaty w inad~quety of the valve af the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defend~nri, and that tuch
rents, profits, tncom~, issues and rsvenve~ shall be applied by tuch Receive~ according to the lien or equity of said MORTGAGEE and the prsctice of such
Coutt.
8. To dvly, promplly anci fully perform, distharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreement~,
conditiorut ~nd covenants in said promlisory note and thi~ mortgage set forth.
9. That in tM event the ownership of the mortgaged prrmisea, or any part thereof, becomes vested in a person otfier ihan the MORTGAGOR, the
MORTGAGEE, fri ~utteuors and asaigns, may, without notice to the MORTGAOR, deal with such successor or wtcestor in interest with refer~nce to thi~
manp~go and the debt hereby ~ecured in tha ~ame manner as with Mortgagor without in eny way vitinting or discharging the Mortqaqori liability herr
vrder or upon th~ debt hereby secured. No ssle of the premises hereby mor~gaged and no forbearante un the part of the MORTGAGEE or its successors
or a~tiqns •nd no exfens~on of the time for the payment of the debt here6y sec~red given by the MORTGACrEE or iti tvcteisors or asiigni, rhal! operate
~ to nleaw, di~tharqe, enodify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part.
10. It i~ tpecificelly s9reed that time ie of the essence af this conttact and that no waiver of any obligation hereunder or of tha obliqetion ie-
tured hlreby ~h~ll ot any time theseaher be held to be a waivcr of the terms hereof or ofi the inYtrument cecured herby.
11. In addition to tAe foregoing monthly paymems of princ'pai and interest required by the promissory note secured hereby, mortgagor cov~nants
and ayrees to pey to mortgagee with each monthly payment an addiiional aum estimated by mortyagee to be equal to 1/12 of The annual cost of the follow-
ing: •
A-All reel property taxes levied or asaessed agai~s! the above described real es!ate.
B-Premiums on fire and windstorm insura~ce as he~e~n requ~red to be carried on tha improvemeyt~ situate on the above described premises.
G-Premiums on auch mortgaga guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan setured hereby.
Mortqa9ee ~hell from time to time notify mortgagor in writing of the am~unt due and payebte hereundnr and s~ch sum shalf thereupon be due and
payable or. the due date of the next month!y payment and each success:ve month thereafter urtil mortgagee shall notify mortgagor of a change in such
•mount. Suth •ums thall be epplie~ by mortgagee toward the paymant of real property taxes, insurance prem;ums, a~~d mortgage guarenty insurance
p~rmiums.
IN WITNE55 WH Of, the said MORTGAGOR has hereunto set his hard and seal the dny and year first aforesaid.
iyn~d, S~~Isd d~l' in th of:
.~i - ~5eal)
(5e~~)
!Seal?
(Seel)
STA?E OF FLORIDA ,
COUNTY OP St . LUlS` ~e-- i~
6efwe me personally appeared AHZ'OII A areen end
v~ 018 Green his wife, to me we~l known and known to me to ba
the individ~+ls described in and who executed the foregoiny instrument, and etknowledged before me that they executed ths same for tha purpasei
thereih exprsssed. And the tai~ ~~D18 Ma8 ~tPB6II .
wife of tht said A$Z'~ A~-GI'eAIL_ . upon a separate and privats
examination by me taken separatr and apart fro~n her said usband, acknowledged to and before me that she executed said imtrument freely and volun~
terily and without •ny compulsior., constrein:, app+re~'hansion fear of or from her said husbend.
WITNESS my hand and afficia! scal tl~is~> day A. D. 19~
~ ~
Notary Public in snd for the Stste of FloridA••+~'Lir~6
My Commis~ion e ire~: ` ~ ~ ~ , .'r
Retum To: ~ ' ' ' •
fint Feder~l Savings 6 Loan A:soziation fi~ ~ R' _p
ECrBRDED '
Of Fort Plerce. ~ ~ ~ ~ ~'v~~~~`OI ' ~ . . ~ . - y L -
~v _
1,, "
fort Piercly, Flor~da 0~ f Lfit~,G~= . ,
_ . Gi7~c-Clif r: . , 1;:'S8 ~ _ '
tiv, sie3rEU4o~x,y;
- _ - '65 SFP 3 P~ ~ : 05 - . . ~ . . ~
~ • _ ~ 1.3~3~~~:~~ = .
: - ~ ~ . ~
. ~ . ROr~.. ,~as. c~ERK
~ ~ S7. LUCIE COUNTY,
~'L~RIDA
^ ~ 9~~~c ~~U ~~.3~
~ ~ -