HomeMy WebLinkAbout1750 And teid Mortgagors, for thernselvei and the~r hsirs, IFp~I rsp~t~~n'A~1vC~, wtc~~~ai ~rrd :~iqna, h+rrrby pintly ~nd N?vHrtly cown~nt ~nd ~rw
to ~nd with Iha sa~d M0~2TGAGEE, its wccestio.i ar.d •ssigni:
l. To pey •II end ~~ngvl~r the principa~ and int~r~st •~d tFu variou~ •nd ~undry ~uma af mon~y p~y~ble by virtw of iaid promiuory not~, u+d tl~is
mortgage, each and every, pramptly on th• days resFect~veiy the same s~v~t~lly btcom~ dus.
2. To pay all snd ~ingular th~ teaes, asfe~sm~ntt, !svias, liibilitiea, obliqationt ~~d Mtvmb~~nch ol ~wry n~tur~ snd kind now on s~id dntribrd
property, or that hereafrer may ba imposed, iuftsred, pixed, I~vied, or aut~a~d ther~on, w th~t h~?eaftH m~y b~ levied or ~s~ss~d upon thi~ AAorfp•
~9t, o~ the indsbtedness secured !~ereby, •rch and rvery, when due ~nd payab!~, ~ccordinq to I~w, befw~ th~y becum~ d~linqu~nt, •i+d bafor~ ~ny InMrNt
•neihes or any penaNy is incurred; AtvD ItVSUFAR AS ANY TMEREOF IS OF RECORD TME SAME SHAII BE PROMVTLY SATISFIEp AND DISCHARGED OF
RECORD AND 7HE ORIGINAI OFFICIAL UOCUMENT ~SUCH A5, FOR INSTANCE, THE TAX RECEIpT OR TME SATISFACTION PAPER OFFICIAIIY ENDORSED
OR CERTIFIE~) SMAII BE PLACED IN TNE HANDS OF SAID MORTGAGEE YrITHIN TEN DAYS NFXT AFTER PAYMENT, •nd in tha •vent th~t •ny th~rwf i~ not
pa~d, sat:sfied and discharged sa d MORTGAGEE may at any t~me pey the s~rn~ or any pan thereof without wsivlnfl or affectin9 ~ny option, lien, equiry w
.ipht under or by viitue of this mo~~qage and rhe f~ll amount nf each and eve~y wth paymem shall be immedi~tely dut and payabl~ •nd ~MI) be~r inta~~ft
<<om the dare ~hereof ~r.til pa~d a~ rate of ~iyht per centum ~e~ ann~m a~d toyether w~th ~uch interest fh~li be setured by th~ ~ien of th:• mor9laq~.
3. To pl~u and continupus~y kNp on tl+~ buildiny~ now or I~rNftp utu~ro un uid I~nd ~nd on ~II equipm~nt ~nd p~.snr+aliy covK~d by thfa mat~
p~, wlth d1 pr«++iums tMr~on paid in full, fin insur~nc~ in th~ wual Hsrdard {'+olity form, in • sum ~pprov~d by tM MORTGAGEE, and wfnd~torm
Inwr~np In th~ v~wl rt~ndard pol+cy fam, In ~~um •pprov~d by tit~ MOR7GAGEE, in ~uch company or tompanies a th~ h10RTGAGEE may
dinct; ~nd •!I fir~ and windatwm insuranc~ po~ici~s on ~ny of aid bui~dinps, ~ny intsr~ft ti»r~tn ar p~.t therwf, In ths pyruq~t~ ~um ~iw~td a
In ~ac~a tMroof, ~Full contain tM usuel ~und~rd mortyayN cl~u~ w suth other clsuu th~ Mortp~qt~ m~y r~quir~, m~kinp tM loa und~~ ~~id polF
ci~s, ~KFI f(1C~~Y~f~/, p~y~bl• ta a~id MORTGAGEE it~ inf~rs~t m~y ~pp~~r, and ~ath •nd •very suth policy shali b~ promptly ~u.yr+~d •r~d dtliv~r~d ro
~ny Mld by s~id MORTGAGEE ii furthar ircurity to said monqoy~ debt, ~nd, not I~u tha~ t~n (10) days in advance of tF» •xpiration of Nch pnlicy, ro da
livtr to ~aid MORTGAGEE a r~newal thersof, toyetMr with ~ r~t~ipt for tM pr~m~um of ru<h ren~w~l; and there shall b~ no fir~ or windstorm intur~nc~
pl~c+d on ~ny of said buildinys, any intereit thenin or p~n thereof, unla~~ in ths form and with the Iws p~yable a~ ~foras+id; •nd tn tM ~v~nt ~ny ~um
of money b~coma payabla under such pol;cy or policies s~~d MORTGAGEE ~hall have the option to receiva and ~pply tht um~ on account of tM ind~Sted~
iwu wc~red Mrsby or to permit ~eid MORTGAGORS to receiv~ and u~e 11 or sny pert thrreof for other p~rposes, withou~ thereby waivin9 or ~mpa~r
{nq ~ny ~quity, li~n or riqht und~~ w by virtu~ of thi~ mort9~9e~ •nd in t'h+~ ~vent s~id MC7RTGAGORS ahall for ~ny r~aion f~il to kaep tht ~~id pramise~ w
insur~d, w f~il to d~liver promptly •ny of ~aid policie~ of fnw~~nce to ~aid MORIGAGEE, or f~i! promptly to p~y fully •~y premium therofor w in •ny
naoett f~il to perform, ditcharye, exetute, effect, tomplete, cnmply with and abid~ by thi~ covsnant, or any part hereof, taid MORTGAGEE m~y plac~ •nd
pay fo? iuch Inwranc~ or se~y part thereof without waivinq or affettinq sny option, lien, equity, or right undsr or by virrue of thi~ Mortyay~, ~nd th~
full ~mourot of r~ch and ~wry wch payment shall ba immedistely due and pry+~ble •nd •h~ll be~r inlarest from tha da» tfieraof until paici at rh~ r~r~ of
nin~ p~r centum p~r •nnum and together with ~uch interest shall be sec~red by the li~n of this morty~ye.
4. To permit, commit oc suffer no waste, Impeirmanr or deterioration of s~id property w•ny p~rt thereof.
S. To p~y •II •nd singulsr tha cost~, chsrge~ •nd expe~ses, includinq a reasoneblr ~ttwney's fee end costs of abst~sctr of ~itle, incurrrd oi paid n
•ny tien~ by wid NtORiGAGEE, becau~e or in the e~ent of tht feilure o~ the Fert of !he taid MORTGAGOR to duly, promptly •nd fully perform, diuharqa.
~:~cute, effect, complete, comply w~rh and abide by aach snd every the ~tipul~tioro, apreements, conditiont, end covenants of said promissory note And vhit
mortqaps •ny or ~ither, and ssid cosrs, ch~rgef and expenses, each and evcry, •h~ll b~ immediately d~• end peyable; whether or not rhsre M notic~ dr
mand, atttmpt to collect or ~uit pending; and tha fuli smount of each end every tuth payment shall bear interest from fhe date thereof until paid at the
rate of nine per centum per ennum; and all said costs, charQei mnd expanses inc~rred or paid, togother with such interet!, ~fialt be secured by tht tien of this
mpripaq~.
6. TMt in the evsnt of eny breach of this Mortyay~ or default on the part of the MORTGAGOR, or (b) in the ev~nt •ny of t~id sumt of money
her~tn refrrred to be not promptly and fully p~id within thirty (30) daya next after the tams wver~lly become due and payab:e, without drmand or notics,
ot (c) (n th~ ev~nt each end every the ttipuletions, egreementa, condition~ and covenantr of i~id promissory note end thi~ mo+tyays •ny w•itMr ~rv no9
~ly, promptly ~nd fully performed, d~achargcd, e:ecuted, eff~cted, completed, comoli~d with ~nd abided by, ihen in either or •ny ~uch evant the s~id ~Q~
preyett wm msntionad in said promitsory note thrn rem~ininy unp~id, with inter• it arcrwd, ~nd ell money~ ~ecurrd hereby. shal~ becoms dw ~itd p+y~
•b~• forthw~th, or thersafter, at the option of said MaRTGAGEf, a~ fully and completely •s if all of the seid sumi of money wart ori9inslly ~tipulated
fo b~ paid on fuch day, anythinq in iaid promiisory note or in th~s Mortyage to the contrary notwith~tsndin9; end thereupon or thereaft~r t~e aption of
t~id MORT(iAGEE, without ~otice or demand, suit at iaw or in equity, therefore or ih~re~fter bequn, mey be prosx~ted s~ it •II money~ secur~d h~rtby
~ h~d matured prio~ to its inst~tution.
7. Thst (n tha event that at she beginning of ar at any time pendiny any euit upon this Mortgaye, or to foreclose it, or to reform it, or to enfarce
paymQnt of sny c!eima he+eunder, said MORTGAGEE ahall spply to tha Cou.: :~~viny jvrisd~cf~on thereof for the eppointment of • Receiver, tvch Court th~ll
Forthwlth sppoint a rxeiver of said mortpsged property all end sln~uler, includ~ng alt •nd ~inyular tha income, profits, iss~ei snd revenuaa from whatevK
sourcs !leriv~d, each •nd every o4 wh:ch, it bein9 expres~ly understood, is hereby mortq~qrd a~ if ~peufically set forth •nd dturibed in tM pr~ntinp and
habendum el~usss hereof, and such Receiver s~all heve all the broad en~ effective functiont •nd powen in anywise ent~usted by • Court to a Recefv~r, ~nd
tuch ~ppointrt+ent shsll be mede by ~uch Court as an admined equity and a matt~r oi absolute right to s+id MORTGAGEE, end without r~farenc~ to ths
•dequaq or insdequacy of the value of the property moRgaged o? to the ~otvency or insolventy of said MORTGAGOR w the defend~n4r, and !h~t ~uch ,
rsnta, profits, incom~, iuue~ and reven~e~ •hall be sppliad by tuth Receiver accordiny to the lien or equity o4 ia7d MORTGRGEE and th~ prectiu of ~uch
Co~?t. _
8. To duly, promptly and fully perform, discharqe, execute, effect, complste, cornply with ~nd abide by eech end every tha stipulatiana,~preem~nTC, ~
ao~ditioni ~nd covenants in ~aid promissory note snd thi• mortflags wt forth.
4. Yhat in the event the ownerihip of the mortyaged premi~ss, or any part thereof, becomes vested in a person other than 1M MORTGAGOR, th~
MORIGAGEE, it~ tuctesson and etsigns, may, wi;hout notice to the MGRTGAOR, deil with ruch tucceator or ~ucce~wr i~ intersit with refarertice to fhii
mortqaq~ •nd tha debt hereby secured in the ~ame mannar as with Mortflayor witho~t in sny way vitiating or~~~scharqinq the Menp.yor~' lisbi~ity herr
under a upon the debt hereby tecured. No sele of the pr~mise~ her~by mortgsged and no fo~bearance on the part of the MORTGAGEE or it~ su~ctuor~
w~uiyns •nd no exrension of the time for the payment of the debt hereby ~ecured yiven by tha MORTGAGEE or ~t~ succeasors w•s~iyn~, thall op~r~t~
1o nl~, di~cMrq~, modify charye or +~ffort the original lisbility of the MORTGAGCR F»rein, sithsr in whol• or In part.
10. If b specifically egreed that time i~ of the essenc~ of thi~ contract ~nd th~t no weiver of any obligstion herevndar or of tM obliflatiw: s~-
cured h~r~by ahatl at any time thereafter bb he~d to be a waiver of th~ t~rmi htreof or of ~he instrument ~ecured herby.
11. In addition to the forspoing monthly peyments of princ pal snd intrrtst requ~red by the pram;ssoiy note secured hereby, mat9sgor covenenh
•nd ~pre~s to p~y to mortflayee with each monthly paymant an addition~l sum astimated by mort~~gee to be cqual to 1/12 of the annual cost of tM follow-
A-All r~al proprrty taxes levied o~ assessed against the ebove described real e~tate.
6--Premiums on fire snd windstorm insurence aa herein requirad to kx carried on the improvements xituate on the •bove destribtd premises.
C-Premiumt on euch mortgage ~uaranty inturance a~ mortqeyee thall from time to time deem fit to carry on the loan tecured herek~y.
Nbrtqeg~ee ihall from time to time nofify mongapor in writing of the ~mo~nt due end peyable hereunder and wch sum shall thareupon be dw ~nd
payab~e on the due dste cf the next month!y psymsnt •nd each successive month thereefter unti! mortpegee shatl notify mortflegor of ~ chanpe in tuch
~mwnt. Such ~ums sh+!1 be ~ppleed by mortgage~ toward tM paymeM of real property tsxeo, (murance premlums, and mortflaQa qu~r~nty i~wnnte
pr~miur?w.
tN WITNE55 WHEREOf, tM seid MORTG/~R h~r~ ~t~~~~ted th~ day an year 'tt afoeeaai~
n«! S~al~d and drl r tn th~ ~~e~`
~4 ~ -~B~A~-~' d 0 K
•n
~ - a : . ' , n
~'S~ OCT 29 PM 3: 58 ~..~~--7
: ` ~ : ~ `~i f. ~ ~ ~ , . - a«i3
STATE OF FLdRIDA . , ~ ~
~?~r~s;i :;L~RK ~
~ St_ i~li e K~v~, ~ ' '
~a?~ ~ - - ~=~~~ci~ eour~ ~ ~r, ~ - . . , :
b.~r~Mj~~r.w~tly •pP.ared n c~i[~rne F. A1 1 en ~ . i~,d
y~~ ' ~
hii wif~, to me wal l known and. krwMrq, to m~ • io b~
; ts: {n a~d who •xaut~d ths for~yainy Insir~rrxnt, and ~clcnowledyed befon m~ that tMy •xetutud the ~~mi• 4e?. ;t}'~• ~~rpo~N
~rn ?~w n~.. Jn ~nnri- Al l eri ~ :
=ef
, tMi wid raf s~~P ~ A 1 1 e Y] - upon ~ sipnr+o ~nd priva»
~x~rwlriMl*h~b~,qyr~takiri yp~~ rZi api •pen from Mr ~~id h~~band, ~cknowt~tlyed to ~nd baforo rrN th~t ~he ezecutsd wid Inatrumsnt frs~lr snd volu+}
fKilr ird' wTthaA,`n•~~-1}i~, .9qnttra;nt, ~pprehar.sionp, w~e~r of w from lur s~id hwband. ~
~1NITf~~ 71Y~•~ppi ~ftcJ~l ~~I thit G1~T day of A. D. 19..,~
- * Not!~ Publk in ~ r St~tr of Florlda at larq~ ~
` My 4ommiuiort • ir 3~/~ q (
Return 70: ~ ~
Cifi:~m F~denl Savings i loin Assotiafion t~ j:- ~
of SR Luci~ Couely • . • . . . ,
_ . ~ y
Ft. Pierce, Plorida ~[)~K
- ~