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HomeMy WebLinkAbout2765 1 To pt~c~ ~nd contin~ously kkp on tFw buildinps now a F?~reahe~ s~twt~ on said ia~+d u~d on ~II equipm~M and pasoeally wwnd by thh matp~ p~, with all pr~re?ivms thKwn p~id in futi, fin ir?turar~ce in ~he ~sual standard poiicy fwen, in • iwn appiowd by tM MORiGAGEE. u+d windttorm ~nsurae~ in th~ vwal at~nda~d pol~cy fam, tn a sum approv~d by ~M MORiGAGEE, in tuch company a oompani~s as th~ MORTGAGEE m~y d~redj ~nd all fk~ u+d wi~torm inwr~np polKiei o~ ~oy of said bvild~nps, any ie~a.~~ ~herein w pan rlxrwf, in t!r apq~sQat~ ~wn ~fon~aid q tn ~xnu tlwr~of, ~Aall contaln the vswl st~nd~?d mor~gsges cla~s~ a such other clwis ~i fhe INw19sg~a may rpvu~. ma4inp tM loss undK said po14 dss, each u~d ~wry, p~yabN w ~aid MORTGAGEE as ib ioteresl may ~ppear, and each snd ~ve~y i~cA pol~cy shsll b~ promptly us:pned and d~livtred to •ny Mld by ~a;d MpRiGAGEE ss funhsr ucuriry to iaid morrya9e debr, and, nw !ea than ~en (10) days In ~dvanc~ of tM ~apir~t~on of each policy, to dr I~ver to wid lNpRTGAGEE a nntw~l tMreof, to~etMr with • rcceipt fo~ the premium of such renew~l; and the~~ shall b~ no f~r~ o~ wi~ds?am i~svrant~ pl.ced on ~ny of said buildiops, sny intlreat thar~in o~ p+rt thereof, untess in the form and wltA tM lou payabfs as •fonsaid: ~nd te the ~vent iny wm of mor»y ~cpMS piy~bl~ w~da such policy or polici~s wid MORTGAGEE shall have ~M optcon to rece~ve •nd ~pply tM same on accoun~ of ~M ind~btad~ ness s~cw~d hK~by p~ p permit iaid MpRTGAGORS ro receivs and us~ it p any part thereof fa o~her purposei, w;~hout thareb~ waivi~.~ or ~mpai.• ing +ny pviryr, IiM or ~ipht unde~ or by virtw of fhi: moztyape; and in the ~ven~ sa;d MORTGAGORS shall fa ~ny reason fail to keep the said pr~mises so Insured, p f~il b tkliver promptly any of said policits of insurant~ to said MORTGAGEE, or fail promptly to pay tully u?y ptemium ther~fp p in ~~y re~pea fail to pNfwm, dixhuye, eaecut~, ~ffect, compl~te, comply with ~nd abide by thw covei+ant, w any part her~of, wid MORTGAGEE raay plsce and Pay fe? tuch tn~+rant~ or ~ny puf thereof without wsivup a affactirg any option, li~n, equity, o? righl undK w by virtw of this Mortpap~, ~~d tM full ~nqunt of tach ~nd ~wry tuch paYment ihall b~ imn?edi+tely dw ind payable and ahall be~r interesl from th~ dat~ thereof until paid a1 th~ r~t~ oi nin~ pK pnh,m pe~ u,num a~d together with uxh inrerest shall be secured by ths li~n of fhif mort9spe. I. To pNmit, commit p wfler no wsste, impairment or deteriontion of said property or any pan thereof. 5. to p~y all a~+d stnp~lar tM cost~, cMrpes and expenses, includ~np a reasonable attwney's fee and costs of ~bst~acts of title, incurntd w paid ~t ~^Y ~i~++~ b1r said MORTGAGEE, basuse ar in the event of the failuro on the part of ~he said MORiGAGOR ro duly, promptly and fuUy prrform, dacha~, ~zecvt~ tlfect, oompkte, mm~ly with ar~d abide by ~ach ~nd every fhe atipulations, ap?eements, cond~rions, and cov+n.nn of said prom;ssory not~ and ~hi~ mort9ap~ ~ny a~irhe~, aod said cwtt, chu9ei and expense~, each and evNy, shall b~ immed~ately due and payaWe: whetl+er w oot ther~ k» r.otic.~ d~ mand, ~tt~mpt to collect q wit pe~dinps and ths fuN ~nwunt of each and every such payment slwll lxar int~nsl from tFw date th~reof until id a1 tht rate of nie?~ r eent~m ~ pe per an~wm; and ~II said tosts, chuge~ and e~cpenses inev~red or piid, togethe~ w~th wch int~re~t, aMll b~ secured by tM IiM of tlw mort9p~. 6. TMt in ths ewnt of ~ny bre~ch of this Ntiongaye a default on ths pan of the MORfGAGOR, or (b) in tM went any of ssid sums of ma~ey ~ her~fn ref~n~d to b~ not promptly and fvlly paid within thirty (30) days next after ~he same xveratly become due and pay~bte, withoul demand a notic~, or (c) In tM ~wM Nch and e,n?y ~?~e sfip~latioiu, ~greements, cond~tions snd cpvenanq of sa;d promisswy note uid thw mwfpa~ u~y or ~ither ~n nof iuly, promptly and fvlly pKformed, d",scha?ged, executed. ~ffected, complaed, compliad w~rh and abided by, then in either a any svcl~ ~wm tM aid ao- yre~~tt Wm m~ntiotKd in s~id promissory note then rerrtaini~y ~npaid. with interest acuued. and all rraneys secund heraby. sMll berarw dw and piy- ebl~ forthwith, a tMreafta. N th~ oprion of said MORTGAGEE, as fvlly and compfetely a~ if al! of the said swns of mor»y rvcre wipin~lly atipulated ro k» p~id on s~ch day, anythinp in s~id promiuory note o~ in this Mortgsge ~o the con~rary notwitFutandinp; ~nd tMreupon w ther~aftK at tM op~ion of iafd INORTGAGEE, without noY~q or dem~nd, suN ~t law ot in equity, tFKrefwe o~ thercafta begun, may b~ prqecvt~d q if all moneys t~cur~d hertby had matw~d pripr fo ip kqlitution. ; 7. Th~t in tht ~vent that at tl+~ inni ! bsg ng of w at sny time pend;ng any tuit ~pon ~hts Mo.tgaye, or to for~clo~ it, a to rtform it, w to enfora paymee~ of ~ny dairra Mrevnda. said MORTGAGEE sMll apply to the Court having jurisd~cuon thereof for ths ~ppocntment of a Receiw~, wch Covrt sMH forrhwfth appolM ~ retsivM pf ~i mortpaQed popaty and singul+r, includ,ng all and singulu tMe income, profiti, iuws ~nd rcwn~es from whatw~r wurc~ dtrlvsd, eath and ev~ry o~which, it beinp expressly unde~s~ood, is hereby morrgaged as if spetitically set forth and dewibed in thi qrantinp and hab~ndum d+wes herepf, ~nd wch Receiwr shatl Mve stl the broad snd eftective funcrtwn and powers in anywise entrvsted by ~ Cou~t tp i Receir~r, ~nd •uch appol~tment shall b~ made by such Cowt is an admittcd eq~ity and s m~tter of absdu~e r~gM to said MORTGAGEE, ~.~d wirhout nfennce to tl» ad~quacy or inad~qua~y of the value of the prope~ty mortgaged or to the sotvency o. ~nsol~ency of sa~d MORiGAGOR w the defendanb, and rhat such renr~, profi», income, iuuts ~nd ~svenues sha)~ k» applied by such Receive~ +ccording to the lien w eqvity of said MORTGAGEE snd the pratrit~ of such CourT. ~ . t 8. To duly, promptly ~nd fulty per{orm, discharge, execute, effed, complete, comply with and ab'~de by esch and wery the stipulations, apr~n», ~ condirioro a~d to„enann ;n ~a;d prornluory, note and rhis morrgage xr fa~h. ~ 9. 1Mt in 1he event the ownership of the mortgaged prem;ses, or any pan thereof, becwnes vested in a person other th~n the MORtGAGOR, th~ MORTGAGEE, ln ~ucuuws u,d auiyns, may, without rwtice to the MORTGAOR, deal w~~h such sucusso. o~ iucc~uo. ;n ;n~cres~ wi~h r~fer~nce to this mortqap~ ~nd ths debt Aereby secured in the same manner as with Mortgagw withovt in any way viliatinQ p d~uhupinp ths MortysQors• li~bility hen- under or uFwn tM debt hereby secvr~d- No ule of the premises hereby mortgaged and no forbeara~ue cn tM part of the MORTGAGEE w it~ successon ~ or ~~sipm and no extension of the time fo? the payr~M of the debt hereby secured yiven by the N{ORTGAGEE o~ iti succssson et aqiyru, sha0 operaf~ to releas~, diacharpe rtwclifr chang~ a affect the orginal liabilily of the MORTGAGOR herein, either in whole w in p~rt. 10. It is apecifiully apreed thet time is of the essente of this contract and that ra wsiver of ~ny obl'~gat7on hereuntkr or of fhe obligation se- cured hKeby shall at ~ny time th~re~ftet be held to be a waiver of the terms hertof or of the instrumeM tetured herby. 11. In addition te fhe faego:ng monthly paymrnts of princ'pat snd interest required by the pr~m~ssory ~ore secured hereby, mortyagor townanb and eynes to pay to mortgsgee with each monthly paymerit an addirional sum estimsfed by mortgagee to be equal to 1~12 of the annua) tost of the follow- ing: A-All rsal property taxes kvied or auessed against thc above deu~ibed real estate. B-Pramivms on fir~ ~nd w;ndstorm insurartce aa herein requ~?ed to be ca~i ed on fhe improrcments situate on the above desvibed premisq. C-Premiums on such morfgap~ ywranty insurarce as mortgagee ihsll from ~~me to time deem fit to tsrry on the loan setured I~ereby. Mortpsgee ah~ll from time to time notify mortgagor in writing of the amount due and payable hereunde~ and tuch sum shall thereuppn be dus and pay~bte on the due date of the ~ext monthiy payment and each successive month thereafter ur.ril mongagee sha11 not;fy mortgagw of a changs in such i amount. Such sums shall be applied by mortgagee toward the payment of real propcrty taxes, insurance prem:ums, and mo?tgage guaranty ins~rance premiums. IM WtTNf55 WHEREOf, tha said MpRTGAGOR hat hereunto xt his hand and sea! the day and y ar fint sforesaid. ~ SiD . Isd and ive? in tM preunce of: ^ ~ 4 ~ ~ ~n n..~ srATe oF ~oRion ~ counmr oF i.ucie eeforo ms penona~ly eppeared Rm~ _e Al 1_n a~d BA2~ ~ B B Al 7 An his wife, to me well known and known to me to b~ ihe indivdwls deacribed in and whe executed the forcgoirg ;nstrwncnt, and ack~wvvledged before me that tF~ey executed the same for the purposes rherein eupresfed. And the s~id_ B92' i B B. 1 l Al't w~fe of tFN uid - BY'LG@ Allen ~p«, a sep~r~te and priv~t~ ~ ezamiMYqtl by me taken sepante and apan from her said hvsband, ackrawledged to and befo~e me that she executed said instr~mcnt freely aMI VOIVM ~ rer~ly ~nd w~thovt any comp~rlsion, constraint, a~ ~ s~ of w from her said husband. WITNESS my hand si+d officiat iesl thia ~ ~'1 day of A p. 19_.66._ 1 _ • Nwary Pubtic in ~nd or the Sfste of fMrida ~t Larps ~ ``~,iit~tt~~c~iiyr~, My Commiuion expires: Retum To: # Finf Feder~l SavinBs 1~. Loui /lswcistion (L H0~ {~Y~K. Slit! 0~ i~ VIgE ~ tF' trly Cowmasi~a Expires Sepi. 23. 1969 ~ Of Fort Pierce. . fo., P~erte, florid. ~f~pRpEO`•~. : ~.,dW A..ic.. fw i G~..., Co. i't1~.0 ~'N ~puNTY~ t~ Q+ ~ r I I.U~~E ~F~E~ , sz.a~ o~o vEa o~~ ~ f~ : ' ~ --1~' J` i, :w U.;; 4 , LL~~_ ~ • . Z~ , ~ \W ~~~taN~~~•/, ` ~ ~ • . . O~T O ,.'f/ -C~~~l~ ; ,66 ~ ~ . , 14 ~ ? v,S R~ ' ; _ RK ~ RCU T C~v BOOK 15~ PA ~~E ~E 364 ~ ' - T"K-- - . . - ~ ~ , . ' - - ~ - . . . - ~.w - ~;~4,- - }x=-.