HomeMy WebLinkAbout1873 lo plac~ and contin~•ou~ty keep cn TM bui:J~rgs now w hsr~afrK w~:,~t~ oe~ sa7d Is~d snd on ~11 equipwtM ~nd pKSO~a~ly covend bY ~~1O'~Y'
eae, w~rA ~Q pemtums d+aeon p+iJ in futl, f~.e insurance ~n ~he uswl ua~d policy form, in • svn~ +pprowd by IM M04iGAGEE. v~d windtWrn~
~nw~snu in tM usual tuodard po~.cy fwn~, in • sw++ app.oved by tM t~OdTGAGEE. in s~ch carpsnY cx tomPu?tt+ ~s tM 1MORTGAGfE m+Y
~f:recr; ~nd aU f'u~ and w~ndsro~m infuf~nC~ paK,as on s~y of Said bYildu~f. af1Y tf1tN!!t 1Al~fill Of Pif1 tFMfWf. in 11w apqn9aq w~ ~tor~said or
in excess ~hsreof, shalf con~ain ~he usual ssa>>dard mu~~g~g_e claui~ or sxA cTh.a clws~ +s ~M Matgago~ may ~equu~. mskinp tM loss u~ds~ sa~d Poli~
c~es, csth u~d ~very. p~yabls ro said MGtTGAGfE as ~~s i~trre~t ~nay ~parx. uwl s+cl? :nd evc?y sucl+ po~rcy sh+11 b~ Ww~Ptly +s~.9^sd +^d delivered ~o
en~ hetd by said MORivAGEE as fur~her secwiry to sa~d mor~gage debt, and, not ~cu ~han ~x? t~0) d~YS ~n adv+nc~ of tM exp~ration af ~ach policy. 1o dF
I;~e. ro :aid MORTGAGEE a rereewal thereof, toge~h~r wi~h a rece~pt fo~ the premivm of suc6 renewal; snd tha~ thall bt no f'a~ a windi~crm ir?swana :
?Ixed a~ any of sa~d build~ngs, any ~n~erest the~e~n or ptrt ~hereof, vnleu ~n the form a.id witA tM bss paYabl~ +for~uid: urd in tl+~ ~veM ~MI sw* a
or n,oney becomes payabia u:.~ar sv:h Ma::.-y sr 'v:.:::ai sa:~! htiORTGA(iEE shall hr+e the optan to receiw u~d ~pply tM san+~ on +cco:N+t of Iht ind~bted~ i
nri: secwed Ae+eby o? lo pe+mit said MORTGAGOR3 ~o receive ~nd uss it a any par~ thereof fo? oii~er purposes, w~~hout .haeb~ wairi~y a~ unp+a-
~~g zny equ~ty, I~en w~ght unda or by virtue of ~his mor:g+Qe; a~d ~n ~M event caid 1NORTGAGORS sh~l: fw ~ny reason fail to keep the ~~d p~~n+is~s so
:nsv•cd, or fail ro dclive~ promptly any of said polK~es ot insurance to sa~d MORTGAGEE, w ~a~~ Rro~+P~h ro P+r fi+~N ~^Y P~~~+'^ therefor or in +n~
re:pect fail q p:rfwm, d~xha~ge. exccute, effect, complete, cornply wirh and ab~de by this cove~ue+t, w+~y P~ ~*pf. s+~ ~RTGAGEE maY P~xe ~~+d
pay Fw such insu.ance e~ +ny pa?1 ~hereof w;tlwut waiving w affect&g ~ny option. I'~, puity, or ri~M v~de~ or by virtw oF this Nbr~p+p~. +nd tht '
f~ii amount of each end evsry such paYmem shall be imT.riiatey dw and psyable and sMU bear interesl frwn th~ dab thereoi until paid at tM rat~ ol
n~re per cen~um pe~ annum and toge~h:r hi~h such imeresr shali be secvred by tha lien of this matp+g~. f
1. To permit, canrtut or sufier no waste, impairment w detrriaation of said property w any FaA thereof.
5. To paY ~::.d siogular tbe costs. charges and rxpenses. includ~ng ~ reasoi+able ~ttwe~ey i fe~ snd owt~ of abitratri of »tle. incutr~d or p+~d ~t
~n~ ~:~.:e by said N1~'RiGAGEE. lccause w in the event of the failwe on the part of ~hs said MORTGAGOR b duly, promp~~Y u?d fi+~~l/ Pe~fa~. d'~~0~
,xcc~fr, eifect, compkte, co~nply ~vuh and ab:de by esc!~ aod every the st~pulatwns, agreert~ents, cw~ditio~s. ~nd toven+~b oi said promissory noM ~nd tFw
, origage any a eithe~. and sa:d costs, cMrges and expenses, each and eve+y, sMll bt immadiately due and p~yaWtt whether or not tMr~ b~ rtotiu d~
ma~d, a:~cmp~ ro colkct w svit pend~rg; and the full y.iount of each and evay wch p+Yment shalt bea. int~rest fran tM date therwf until p~id at tht
o+ nine pcr centum per an~wm; a~d all said costs, charges and expensea incurred or paid. together with svch interqt. shall bt s~cvr~d by tM IiM of tiww
moctgage.
6. That (s) in the event of any brexh of this Mortgage or defa~lt on the part of the MORTGAGOR, w(b) in th~ ~wn! ~+y of uid awra of nqn~y
herein refe.red ~c be no~ p.omptly and fully paid wi~hin ~hirry (30) days nex~ after the same uverafly become dw ~nd pay+bl~, wirhout d~m+nd o~ notiuu. .
or (Q in the evem exh and every the stipu:ations, agreements, condi+io~+s and covenann of sa~d promiuory no1~ and lhis mwtpap~ ~ny oe ~ithN w~ n0~
i~,y. Premptly and Fu11Y pefformed, d~xharged. exec~sed. effecreci, canptcted. complied w~rh ~nd abided Sf. rhen in NtMr w+ny such ~wnt th~ s+id s¢
~regare wm rrKntaned in said promisswy ~ote the~ remaining unpaid. with iNerest acuued. and all moewys setu~~d. her~by. ~MII bsturtN dw and pay~
e5 e forthwitfi, a rlxreafter, at the opGon of sa~d M02TGAGEE, as ivlly and compktely ai ii all of the s~id sumt of moeey wer~ wpina~~l/ ~~~P~~t~d
ro be pa~d on svcA day, anyfhing in said prom~uory note or in fhia Morrgage to the con?rary norwithsrsndin9; and tlNreupoa o~ tAetssffN at IM oplion of
sa:d MORTGAGEE, witlaut notice or demand, suit at law or in equity, thcre~ore or thereafter begut4 mir be prosearl~d ~s if all rtqtNri 1KVr~d Mt~by
nad matufld Pf1W t0 iff itlSlitutiOfl.
7. Thaf i~ tF.c event that at the beginn~ng of w at any time pending anY suit upon this Mwt9spe. or to foreclos~ h, or fo nfwm H, ot to enfwp
ps>ment of any daims hercunder, sa~d MORTGAGEE shatl apply to the Cowt having jwisdiction 1F?creof fw tM sppantment of a ReteivN, wch Cwxt sh~ll
fo~ri,.virh appo~M s receive~ of saitl mortgaged property all and singular, includ~rg all snd singul~r the ineom~ profits, issues +nd nwnues frOm whst~vN
~~•ce derived, eac6 and every of which, it be~ng expressty understood, is hereby mortgaged ~s if specifically ut fath aad describ~d In thi ~r~etinp and
h~;,endum dauses hereof, and such Receiver shall have afl the kxoad and efiective funct~ons and powas in anywiss Mtnnted by ~ Cou~t f~ ~ R~tsiva. ~nd
s~ch appointment ahall be made by wch Covrt as an adm;tted equity and a rrrtter of abmlute ri~ht to said MORTGAGEE, and without r~fennct to tFw
adequacy w inadequacy of the value of the property mongaged or 1o the sotvency a insolvency of s+id MORTGAGOR or the defendanri, and that suth
<< ~rs, profits, incane, iuucs and revenues shall be apalied by such Receivcr accorduig to the lie~ a equity of said MORTGAGEE and the pndice of wth
Court.
8. To duly, promptty aod fulty perfwm, diuharge, execute, effect, complete, comply virith and sbids by sath and every fM ~fipulatia?f, aprNn~is, ;
corditioru and covenan~s in sa~d promissory note and thy mortgage set farh. ~
9. That in the evem the ownenhip of the mortgaged prcmixs. a+ny paA thereof, becomes vested in • p~rson oN~er fh+n the MORTGAGOR. th~ '
:.~RTGAGEE, its :uccesson and ass~gnc, may, withou~ no~Ke to the MORTGAOR, deal with such svcc~ssor or Mioc~ssor in i~te*esl with referMO! to thia `
r, o-~gage and the debt fiereby secured in the same manner as with Mortgagor without in any way vitiatirg Or d~stlNr~ug the Mwfpa~Ors' liability htrl~ ;
u~ der « upon the debt hereby secured_ No sate of the Fremises he~eby mortgaged and no forbearanoe on the part of tM MORTGAGEE w iri suttessas ~
o~ ass~g~s and no extensan of the time for the payment of 1he dcb~ hereby setured given by the MORTGAGEE w in tuctessora ot assipns, iha~~ op~t+t~
ro re!ease, d~scharge, rtadify change or affect the original liab~t~ty of the MORiGAGOR herein, either in whole w in puf.
10. It is spedfically agreed that time is of ~he essence of this contrad and that no w~iver of ~ny oblipation hereunder w of the obii~ation N-
cu.ed hereby shalt at any time thereafter bt held to be a waiver of the terms hereof w of the inst:umeet secured Iwrby.
11. In add:tion to the forego'ng monthlv pavmenfs of princ'pal and interest required by the prwn~ssory rate tecured hereby, morty~gor tovMSnb
~~.d agrces to pay to mo:tgagee writh each monthly payraent an add~~:onal sum estimated by mortgagee to be eqwl M 1/12 of the anrw~l tosf of tiN fdlow-
_
A--AII real property taxrs le•iied or assessed agai~st the above desaibed real estate.
B-Premiums or? fire and wi:~dstorm insurar,ce as here~n requ~red to be tarried on the improvemeatf sitwte on fhe above desuibld pr~is~.
' C-Premiums on such mortgage g~aranty irtsu.ance as mortgagee shall from time to time deem fit fo t~rry Oe the losn securad heteby.
Mortgagee shall from r~me to rime noeify mortgagor :n writing of the amount due and payable hereunder u~d such wm sh~U tMreupon b~ due and
:~;~o'e on the due date of the next monthly payment and each svccessive month thereafter urtil mortgagee shal) notify mortgsgor of a thary~ in wch ,
_.c„ns. Such sums sF.all be app~ied by mortgagee toward the payment of ~eal property taxes, inwrance prem:ums, and morty~pe ~wranty insuranc~
-nmium3.
~ IN WITNESS Y~HERfOf, the said MORTGAGOR has hereunto set his hand and seal the day a r fint sfaesaid. '
r' ned,. Sea! and de" ed in the presence of: ~
' - n
_ aJ ~
- ~n
- - - - n--~
5':+TE OF FIORIDA ~ >
- . St. Lucie
_~JU.JTY OF -
Before me persoaally appeared DAVid L W~] 1_tA and
Verda T.4' • iialker his wife, to me well known ~od known b me to bs
!n: indiv:duals drsaibed in and who e:ecuted the foregoing instrument, and adcnawkdged before me that they exewted the same fw the pwposes
;;:_,C;,, 14rd • Verda E. Walker
,::te oi tF~e sa~d David L. IIT81k62' ' _ uPon a sep~.~te and privst~
e*an~nation by me taken xparafe and apart from her said husband, ~cknowledged to and before me that she exetuted uid instrument ireely and voluir
r_;~,~ and without any compulsion, constraint, apprelxr?s~A, or fear of w from her said hvsband.
C~
WITNE55 my hand and o"ic~al seal tfii~ day of A D. 19
~
~
ic..~it-% -
~ • Notsry P in and for the State of fbrida ~t larye
~ My ion expires:
~ Reture To- Notary PubMC, ltato Ot llOride ~t Ca
~ iirst Federal Savings 3 loan Association .-.:t;~::t{;. f~f
of for~ P:e.ce. , MY Carr.m:sc:on ~xp;r~s Aus. 6, laS7
~ , 8onded By Am~rican Surety Cp, of N. Y
~ Fott Vierce. Flwids .`l~:~{`.:~••,~~~•~iJ,
~ FILEO APJD RECORDED:: '
~ ~ '':~4 ;
~ ST. LUCIE COUNTY. FLs~.~i ; ~ • ~
~ ?c.CCi~f;'lrRiFIEO " - ~:c:=
~ 150~`75 ~ j ~ - ~
~ , . : . _
~ ~C~ ~ri, 9 Pi'~ 3 • 32 '~ti`
Gh:~G~- J SI
~~si.::?ti~~~~'~
.•l,~ 1 t~.~$
' CLERY. C1i;CUIT COURT : 800!(~S~ P~11Cf ~ 1~ d
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