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HomeMy WebLinkAbout0539 ~ (~~A'1'TEI. MQRTGAGE .t ~ pr : Tb4 dutbei a~ott~e. F~oecu~ed tba 7th ~yy ~ S~pte, i,ber , A. Dry ~9 65 „ by Arnold Higginbotham & Doris H, his wife , hereinafter called the Mortgagor, to hereuiafter called the MortSaSee. W'ITNESSE'1H, Tbat for divers ~oo~and vihaa~ble ecoaddaratjon~, and ~Lo in oo~dd~esation of the aggre te :um named in the praa~socy note oE even date harawrltZ4 bamina~r dar.tibed. tLe said Mort~B~a doe~ ~ant, ~e11, vtao. re~ai~e~ rale~e. cocrvey and ooa~8rm unta tbe ~aid M ib snd asdgos ftxever, t~ie g~ood~, clucoels and p~e~so~l p~y, LeradaaEcear aa~aibed all tbereof whouy o~vmed by and in the exrlusive c~ of ~d M , and 1oaRted at 2606 Dickens Street Fort Pierce ` Shte~~~xida, t~-wit: Nu~wb~r Sawt ~ C~r ~ St. ucie ounty ~ ~ One (l.) Hollanders Hydraulic Crane, Serial No. ~'OBC 2247 togatber with all adde~ and ~bstituted Pub, eqwpment a.nd rtpatrs plaaed npon satd properry durin~ the life of thi.c anort8'~Se. whethes because of necassary repairs or otherwise ( all being hereinafttr referred to aa tiie property". ) TO HAVE AND TO IiOLD tbe nme. e~ch md rvery~ tt~ethar wit6 the etd?chm~enb and appurtam4nce~, nnto the wid Mortgagaa. PROVIDED, ALWAYS~ that if raid M ~a ~hallpa unto the add Mort~a~ee the cerhin rwte 2~inafoer substantially copied a m~ or identi6ed ~nd a ~ the revene side~~ and farm, cain ly with +Rnd abide b~ e~ch' ~nd evay the atipulaKona, cvvremana of aad pramiaa:y noce .ad oE d~is deec~ elsefl thi~ deed .ad tbe aaoe hee+eby cseaced sdall cea,e Said Mat~a~or covenaub snd a~roer wid? aid Maetp~ee: l. "mat aid Mort~~~ar. wboliy rnd sala}~r owns ~d p~v~pe~ty. alt aad ~lar, a6salntely t~at t5e ~aid Mortga~ar h,~s ivIl pa?eer and lawfol rtght to rett aDd aoavey tha teme, ati aod guLr, os afora~sid; that said ~ood,s, chette.~s aad pmso~al DroP~Y. a~l snd aia~ular~ are free aad ctexr of a~r and all ~dveeae claLna, liens aad encumb~ances; and ti~t s~M Mort~agor dr~ t~afeby fi~lly w~arrnnt the tltle an awntrahip of taid ~uodt, chatteL and per~a~l D~PartY, ~A and sin~~lar. wd wiU defaad tbe same spiast tEie clalmr of al) persoa whorn- ioever. 2 To pay aII and tir,gnlar the ptfneip+l and tnteresL .nd aher snnu of n~oaer r~r~?bk br virtue of uid note and t3?Is deed, or elther. p~npc~y a~ the dsri respec.tiveiy the saa,e sevenJly oome dne, ttrae and au~a~nt on the days ~evetatly wl~ea due being e~ t6e esr~rce. 3. To pay aI! andsin~ular the taza. ~~wb~ ~S, HabtL'bea. obligstiaoi and ~comb~anca~ a~ eveQy nrhue on uid descsibed ProD~Y each and evarY. and if the same be not D~P~Y P~ the tdd Moctga~ee ma7 A--t any time p4 the tame without waiving ot affecting the option to foreclose aa any riaht ba~eu~er. ~ttd avarY P4Ya~at ao msde s~s~ bear lnterat t~e date hereof at ~a rate of zight per cent. per wwnm. 4. Thai antil such payma~t, the Maat~agor thxA keep t3~e taWprope~y inaured against loss or dame~e by Sre in a sum not kss tha?~ the amount of Mortgagor's note secvred by this moRgage for the bene$t of the Mort~agee, and in such insurtace cvm~anies as the ~ Mortgagce shall approve; and if Mortgagor fails or mglecta so to do, said Mort~agee may Lnsure the aame at tho ~pense of the said Mortgagor, the cost of such Inaurance to be aecured by ttris mortga~e. ~ 5. That this martgage abaD eztend to cover and tecare a~1y And all ext~loaa and renewals of aatd noee and any s?nd all otha indebtedness and gsbtlitias, whether as prindpol, turet~+ or guanntor, a~ othervv~ae, to martga ee, whet6er s~ch other iadebtedneas be evidenceci by note, open aecossnt, overdraft, or any other rnsttter what~aever, naw e~c3stin~, s~isia8, dne o: to become due before the f~rerclosure of this mortgage. 8. To par all and singular the cosb. charges and~pens~, inclnding lawyer t fees, t~ronably incurred or pnid at ~ny time by said Mortgage~ be~suse of the failure an tha part of tbe aaid Mort~sgor ta puform, comnp}y with ar~d abido by each wd every the nipu_ lations, agreemenb. conditions and covenants of said note aad this deed, or dther, and every suc6 paymant sha`II bear intexest from date at t3~o rnte of cight perceut. per annum. 7. To keep said goods, chattela and ptrsonal property, aD and aingutox, iri taid County, aubjxt to the Inspectlon af satd Mort- ~agee and in the event any ittans be removed or leWed on or sub~ect to kvy in sny 13tigaHon, theo in either event, the aaid indebtednc~s chaU immediately become due and colketabk and the Mortgagoe may tuke possession o~ the pcoperty aad foracbae tht mort~agc although said de6t is nat due. Said Mortgagnr furkhtr cvvenants ~hat tf defavk be mnde in !he payment of said aote, or af an_y installment ofpn neipal or interest thereon, aocording to the tenor and effect ~ereof, or if the Mortgagor sbaU Eail prompdy to pay aU oiher debts and obligatic,na which may be owing by sxid Mortgagor, dther alone or with othe~s, to the Mortg~gee. or if the Mortgagor ahall cammit ~?ny waste or mis- use and not ketp said property ia first class conditioa or ahall attempt to aell, ~ecrete, or canvert said praperty withottt Mort~agee s writ- ten c~asent, or if the Mortgagee s~all at any time dee~n it neceasary foa thep~ ect aad complete aecvrity of its claim, thar in any snch event, and in additloa to any other r'entedlits it m$y tlavq ibE MatL~aQee is hereby authorized to enfer any pr~is~ of tk~ Mortga~ or other place wberc the paoperty mw be an~ take posseuion theeeof ~d therea{ter sell the eame atpu blic or private sale far the hi~}~ price Mortgagee can obtain therefor ~Mortgagee havin the right to purch~se at an~ auch public sale) aad ~pply the prvtxeds of said p vtxeds sab io the payment of Mart agor s notc witb intarest creon, and ta t6e,payment all other debts ana obL'gxtions, with interat there~on owing by Martgagor eit~r a~ene ar wit~ o~e~, to ihe Mortgagee, and to th~r paymeot of uTl reasonabke coats and expenacs, end sE?al~ ~ apply the residue, if any, to Mortgagor. In arry auch event, the +egBreSstr a~rna ~ntloaed in said note and this deed and eaab thereof, shall become due and payable farthwith as fully and crnnp~ u iE :he stfd aggregate sum~ payable by virtue of said note and this domd, each and every, wcre oriy~iually stipulxbed to be p~W on wch y, ~nythiag in ssid note ar herein to d~c contrary natwithstanding, ~or a Il t ~ 'Ihe wo~d "Mazt " wl~ereva ased hetdn, ah*Il be aa~trued to u~ and include the aeceasarygrammatic~l to make the provisions baeo~ xpply to rnrparations o~ individusla, mea or ~vanen, singular or plural, as though in each caae fu~l T'he provisioxu hersof shall. as tbe case maY re9uire. bind, oe~ inure to the bene6t of tha Y~~ respective heirs, sucxcaaosE, 1egal rePrpentatives and assigns of Martgagar aad Martgaget. IN WITNESS WH~REOF, Tbe aid Martgagor ~ her~eunto aet his hand and seal the day and yaar first abova wsitten. Signed, Sealed and De.livered iw xhe Presence af: / ~ - ~ ~-G rYL - - _.~L~,~t ,it/L ~ ~ SZ~ _ ,or~..,rP m ~ ~s,s~..J~~~~ ~ L S. ) - - ~ 5 G~ " J ~ ~ } ( L. S. ) npC~~ ...-~a.-a.~r. wr..w,. ~ I