HomeMy WebLinkAbout2347 y. To placs ~nd continvov~ly k~ep on the buildings now or hereafler ~iiuat~ on said I~nd ~~d on atl aquip~n~rtt ~nd ptrw~++~~Y cu~aed by thi~ mortq-
p~, with ~!I p~emiumt tMrwn p~id in full, fire inwronce ~n the ~s~el iur~ard policy fwm, in • ium app~owd by tha MORTGAGEE, and wind~twm
iraura~ce in fM usual standard poliry form, in • sum approved by the MORTGAGEE, in •uch compsny or componies a~ th~ MORTGAGEE may
dthct~ and all fk~ and windsrorm iraurence policir• on any of said kwild~~q~, eny i~Nn~t tharoin or psn theraai, in ths aygreyate ~t~m ~forss~id or
M~xc~ tMnof, sh~l) contain the usuel standsrd mortgagee clau~e ur such other clause as th~ Mortflag~e m~y require, makinq the loss under ~s~d po~E
ci~l, Nth and ~v~ry, payabl~ ro s~~d MORTGAGEE a~ ih intereft may appear, and eacfi snd every such poticy ihall b~ promptly ass.yned snd delivered to
,~a?y lvld by iaid MORTGAGEE a~ further fecurity to said mortgage debt, and, rot Its~ than ten (10) days in advan<e of the expiraf~on of each po~icy, to d~-
(ivN ro wid MORYGAGEE • r~newal tMreof, toqeth~~ wirh a rocefpt for the premium of such renewal; and ther~ shall be no fire or windsrorm insur~nca
plat~d on ~ny of s~id buildinys, •ny intera~t therein o? part thcreoi, v.^.less in thc form end with 1he Io:e payab!e a~ a(oresaid; snd in tne event any sum
pf mpn~y b~tomsf ~+y~ble und~r such poticy ~ policies wid MORTGAGEE shall have the aption to roceive end •pply the iame on accoum of the indebted-
n~st a~cur~d M~tby w ro parmit ssid MORTGAGORS to reteive end ust it w any part thereof tor ofh~• p~rposes, w~rho~t th.reb~ warving or ~mpair•
feep any puiq, li~n a riqht under or by virtus of rhis mortg~ge; ~nd in the rvenr ~aid MORTGAGORS fhau for •ny ?ee~on fail fo keep the sa~d premises so -
in~urad, or fail ro deliver promptly ~ny of said pol~ties of intu~ante to said MORTGAGEE, a fail promptly to pey fully any prem~um therefor or in any
typ~tt fail 1o p~rform, di~chary~, ~x~cut~, effM, comp~ate, comply with and abide by 1h~s covenant, or any part hareof, said MORTGP.GEE may plece and
pay for ~uch iraurante w any part th~rtof without waiving or ~ffectiny rny option, I+an, equity, or right under or by virtue of this Mortgaye, •nd tF~e
fvll ~mount of ~ath ~nd evsry su~F+ payment thall b~ immedi+fely dw •nd payabl• ~nd thell beat interest from tht deta thereof until paid st the rate of
nin~ per centum psr annum and together with tuch interest thall be secured by the li~n of this mortgege.
4. To permit, tommit or •uHm no was!s, impairment or deterioroticn of said property or any part fhereof.
S. To pay all a~d sinyular fhe toats, charges ~nd expenset, including a reasonable attorney's fee and casts of ebsHacts of title, incurred or paid at
~ny tims by f~id MORTGAGEE, becsuse w in the evenr of rhe failure on ~he part of the seid MORTGAGOR to duly, p.omptly and fully perform, d~scharye,
txecut~, effed, tompleta, tompiy with and ~b~de by sach and eve~y the stipulations, agreements, conditions, and covenents of ~aid promissory note and thii
mortyaye any or either, and sa~d tosh, rh~rges a~d expensei, each and every, •hall be immediately d~e and payable; whether or not there be r,otice d~
mand, attempt to collect or ~uit pending; and the fuil amount of each end every such payment shall bear interest from the dete thereof unti! paid at the
r~te of ntne per centum per annum; and all said coat~, charges snd expensea incurred ar paid, together w~th suth intertst, ihall ba 'trcured by tha lien of thi•
mottyag~.
6. That in the evenl of any breach of thit Mortgeye or default on the part of the MOR'fGAGOR, or (b) in the event any of said sumf of maney
hertfn rtferred to bs not promptly snd fully paid within thirty (30) days next aiter the same severally betome due end peyable, without demand or notite,
or (c) in the event each artd every the stipvlarions, agreemcn~s, cond;rions and covenants of ea,d promissory note and th~s mortgage any or either ere not
~vly, promptly ~nd fuNy perFormed, diacharged, executed, effected, completed, complied with and ebided 5y, then i~ e~ther or •ny ~uch event ths ~eid ay
prsyata tum mantioned in ~aid promissory note then remaining unpaid, with interest accrued, and ali mone•;~ sec~red hereby, thall become due end pey-
•bl• forthwith, or thereaher, at the oprion of said MORTGAGEE, as fuily and completely ai ii all of the said sums of money were or~g~nally stipuleted
to b~ paid o~ s~ch day, anything in sa'~d ~romissory note or in thi• Mortgage to the canrrary notwith~t~ndinfl; and thereupon or thereafter et the option of
f~id MORTGAGEE, without notice or demand, fuit at Iaw or i~ equi;y, therefore or thereafter begu~ m~y be prosecuted as if all moneys setuted hereby
h~d m~tured prior to its inatitution. '
7. That in the event that ~t !he beginning of or at any time pending any s~it upon this Mortgage, or to inreclose it, or to reform it, or to enforte
payment of any claims hereunder, s+id MORTGAGEE shall app!y to the tourt having jurisd:ct~o~ theraof for the appo~ntment of a Receiver, such tourt shall
forthwith eppoint s reteiver of sai~ morfgaged property all and singular, includ~ng all and singular the income, profits, issuet and revenues from whatever
wurc~ derived, each •nd evary o wh~ch, it being express!y understood, is hereby mortgaged as if tpecifically set forth and described in the pranting and
habtndum tlauset hereaf, and auch Receiver shell have all the broad and etfective funct~o~s and powe~• in anywise entrutted by a Court tp a Receiver, and
s~cn appointment thall be made by such Cour4 es an admitted equity and a metter of ebsolute right to said MORTGAGEE, and without reference to the
~dequscy or inadtquacy of the value of the property mortgaged or to the solvency or insolvency of said MOR(GAGOR or the defendants, and that such
rentt, profits, income, isaues and revenues ahall be applied by such Receiver according to the lien or equity oF said MORiGAGEE and the practice of such
Gourt.
8. To duly, ~romptly and fully perform, diacharge, execute, effect, complese, comply with and abide by sach end every the stipulationa, agreement~,
conditiont and coven~nts in said promissory note end this mortgage set forth,
9. That in the event the ownerahip of the martgaged premises, or any part thereof, becomes veste~ in e perwn other tfian the MORtGAGOR, the
MORTGAGEE, itt succe~sors and assigns, may, withou~ norice to rh> MORiGAdR, deal with wch successcr or wccessor in interest with reference to this
mortg~qe and ihe debt hereby secured in the sarne manner aa with Mo~!gagoi without in any way vitiating or discharging the Mortgagors' liability hers-
under or upon the debt hereby sewred. No sale of the prem~3es hcreby mortgaged end no forbearance on the part of the MORTGAGEE or its successors
or ats~gns and no extension of the time for the payment of the debt here6y secured given by the MORTvAGEE or it: successors or aasigns, shall operate
to releaas, diicharge, modify change or affett the ~riginal liability of rhe MORTGAC,OR herein, either ir, whole or in part.
10. (t fs ipecifically agreed that time is of the essence of this contract and that no waiver of 3ny ohligation hereunder or of the obliqetion se-
cured hereby thell at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tion to the forego:ng monthly payments of princ pai and interest req~ired by the prom~ss~ry no!e secured hereby, mortgagor cove~ants
and egrees to pay to mortgagee with each monthly payn,em an add~zional sum estimared by mortgagee to be ea~af to 1;"i2 of the annual cost of the follow- .
ing:
A-All reat property tazes levied or assessed ayai-,st the above described real estnte.
B-Premiums on fire and windstorm insurance as herein ~cqu~red to be carried on +he ~mprovementc situate on tho above described premises.
C-Premiums on such mortgage guaranty ir.wrar.ce as mortgagee shall from t me to rime dcem iit to carry on the loan sewred hereby.
Mortgagee shall from t~me to time notify mortgagor in w~iring of The amount d~e ard payable hereunder and such sum shall thereupon be due end
payable on the du> date of the next monthly payment and each succassive month thereaft:r until mortgagee shall notlfy mortgaoor of a change in such
emount. Such sums shall be applied by mortgagee toward the payment of real proFerty taxes, insurance prem~ums, and mortgage guaronty insurence
premiums.
IN WITNESS WHEREOf, the said MORtGAGOR has hereunto set his hand and seal the day and year first aforesal
__5i ed, 5 ale rnd t~gjjvered in pras nce of: ~
C~~ 5eel)
- e r F . (5caq
~ (Sea~>
(Seal)
STATE OF FIORIDA
S5.
couNn oF Se int Lucie _
Before me personally appeared Wa lter .F Hardin~ and
• Juli~ Ann ~iBT'C3j.T~g _ _ his wife, to me well known and known to me to be
the individuals described in and who exetuted the foregoing instrumeni, and acknowledged before me thal tfiey ezecuted the aame for the purposes
therein expressed. And the said .711~_8 A n Herdinu
wife of the said W~ lter F. H8~'`~~AR , upon a separate and private
exemination by me taken srparote ar.d apart from her said h~sband, ecknowledged to a~d beiore me that ahe executed said instrument freely ar.d voiun-
tarily snd w~thout any tompulsion, constraint, apprehension~,9/ fear of or fr~m her said husband.
i~~
WITNE55 my hand and officia~ seal thia day af A. D. 14 ,
~ ~ ~
Motery Public in and for ihe State oT florida at Larfle
. Return To: My Commi:sion expires~otery Pub~iC, S!nte Of F!o~Ide et Ldry,r
`My Coriimcs:on Expres ivov. 3, 1°b~~
First Federal Savingt 6 Loan Associatlon IN~~~ A R~ QR~EO Bon~ed by Arnerican Surety C0. o; t:. Y.
Of fort Pierce. ~~,Qr~ p O O~
Part ~p~,,fi0rida ~ ^ - '
- r, 1,~i, ~~1~ ~ ' y _ -
- . '65 SEP I 6 P
3
. '~~~;~~"h: - : I 1 , ~ ~
' - ~ ~ • ItOG~.R"~r~'iTf,A~S~C~~ • ~ , -
~ ST. ~.UCIE COUNTIF,~ -
~ ~ . ~LORIDA . - ,
, . ......ti, ~ \ ~ o ~ ~ -
sQ~~~ 1~~ ~~5 n.~
. ~y~ ~ -