HomeMy WebLinkAbout1900 , ~
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To pl+c~ and contiiwiously ks~p on ~F~ bui:d;~qs now ~ I1tlNlfi! 4/WIf Of1 tMd Iafld ~f1d OA aII lqY1K1fMM ~!'OMIN COVftld ~ 1I1~~ f110f1~' (
•g~. w~th aU p~miw~ ~hsr~on p+~d in full. tire i~suranc~ ~e tla uswl sru~uard poticy fo~n~, in • sum ~~prwd by t!K MORTG/1GEF. and winditwm j
~nsurw?o~ in t!» uwal stand~rd pot:t~l iwn~, in a ium approred by tM MORTGI?GEE, in wch company ot aompani~s +s tl» MORTGAGEE nwy ~
d~cccr, and ali Pr~ and windstwm insura~c~ pol'sc~es on +~y of s+~d build+~gs, any intKest therein w p~rt thtreof. in N+~ ap~e~+t~ awn afor~~aid t+t
i~ eac~a Iherwf, sMll con~ain tM uswl standud ma~gag~+ ctwse w such other dwse as tM Mwtpage~ ea~y rpua~, maRinp th~ loss ~rwlar s+~d pdF -
cies, eath ~td ~very. paYabl~ W said MORTGAGEE as it~ intetesl may app~ar. and tath and svery/ such polity shall b~ pranptly as~:9~ed N+d dtlivtred to
.ny h~ld by said AAORTGAGEE ~s furtha secwity to sa:d mo:rpag~ dcbr, and nW ku tiun ~en (10) d~yt in aovance of tl+~ acp'u~:ion of ~sch policy, 1o dr
t~~e. to tad AAORTGAGEE a rs.~wal tl+~hoF, to9e~hu wi~h • rec~~pt ta~ ~he p~emiwn oi such renewal; ~nd tha~ thall be ~+o fua w w~ndstwm Inwr~~ce
plac~d on a~y of uld b~ildnpa, u~y interest tMr~i~ or pu~ thaeof, unle~s in tir iorm ud w;~h ~i+~ bss payabk u ~lortsaidj aed in tM ~wnt a~y su~
of mon~y beconw payabl~ ~ntitr such policy w po~~cfes s+7d MORTGAGEE shall heve the optan 10 ~eoeive and apply the same on +cco~n~ of the indeb~e~
nesi secw~d h~r~by a b permit said MORTGA(iORS ro reoeive an~ us~ il or any pu~ tAereof ior oii+cr pu~poses, w~~hout ~ha.eb~ waiving a~mpak• ~
~ng any p~ity. Ii~n w rqh~ w~de~ or by virtw of ~hia mort~~e: u~d ie tM event s~~d MORTGAGORS shaU Fa any ~~ason fail ro keep ~he said pnm+ses so
insured. o~ fiil b d~liver promptiy ae~y of said policies oi inw~a~?ce to said MORTGAGEE, w fail promptly fo p~y fully any promium therrfor w in a~y
rospea hil b pafwen, d~sJwge. e:ew~e, ~ffect. cxnpkt~. co~+ply wi~h and ~bid~ by tF?~s covenant. a ~ny part haeof. said MORTG.IGEE m+y place and
pay fw :uch inwrx~ w anr put thateof without waivieg a sffectinp ~~ryr option, lie~, equity, w rigM u~d~r w by virtw of this Mor~~ape. +nd tM
f~ll •r,wuM of sach and .wry wd+ pay~++en~ shaU be ir,vnediatey dw s.~d p~able ud s!»II bsu interest from th~ dats thereof uetil paid at tM ~at~ of
n~ne pe~ uruvm pa arw~um and togethe. with s~rch interat shall be secured by the lien ot this mat~aqe. 4
To pKmit, oamdt o~ suffe~ no wut~, impairment a deteiar~tan of sa~d properry or ~ny put the?eof, i
S. To pay dl snd sinp~4. tl» costs, cMrges u~d experues, indudirg • reasonsble attorney i fee ud costs of ~bsn~ets of titk, inewr~d a psid st
any ti~fe by said MORTGAGEE, becavse w in the went of ~he faiture on ~he pat of the said MORTGACaOR b duly; promptly ~nd fu11y periwm, d:schary~.
-xecur~, effed, cwnpkra oomply w~th and ab.de by each and every Me sr~pvlar~ons, ~greemema, conJ~t~.~ns, and cownanrs of said promiswry na~ and thi~ ,
rrorf9~ps any o~ arher, arid said costs, charges and expenses, each and every. shall be immed~ately due u+d pay~ble: whe~her a rat there t!! ~Atit! ds- .
mand, anempt ro cdlect a wit pend~ngr +nd tM fvll ~fwunt of each u~d eve.y such paymem sha11 bca. inter~st fran th~ daro thsreof until paid ~t tM
ra~e o~ r?irK per ceetwn pe~ arnwm; and all said cosrs, charges and expenses incwred w paid, logether with s~cF~ inter~at, ahall b~ secured bp th~ lien of tlw
mortya~.
6. Th~t in the event of any breach of this Mortgsge o~ default on the part of the MORTGAGOR, w(b) in tM wMt any of s~id sums of morNy
here~n nfMred to bs not p~omptly and fuly psid within U+~rt~• (30) days neat afrer ~he same ureratly becomt du~ u+d payable. withou~ dem+nd o? notiu.
or (c) In th~ ~vent ~sch and ewry the stip~latans, agrcements, cond~tions and covcnanrs of sa:d promissory note and thw mwtp~ye any e~ ~iti+er an no1
iuly, promptly u~d fvlly performed, d~sch~rged, executed, effecred, crnpleted, compl~ed w7th and sb~ded Sy, then in e~~Aer or any such ~wnt tM said a~
gregate swn m~ntionad in s~id promisso~y note then remainirg unpa~d. with inte~es~ aurued. and all ma~eys secured. hereby. th+ll becom~ dw ~~d p~y~
abI• fathwith, or tMreaher, ~t the oprion of said MORTGAGEE, as futly srd compterely as if ~11 of the said swna of money were ori~in~lty stipulated
ro be p~~d on wd~ d~y, anythirg in said promisso~y note or in this Mortgage ~o the ca~hary notwithftandiny: and tF~eupon or thveafter at tM option of
se,d MORTGAGEE, without notice a dem~nd, wit at law w in equity. tFINt~OfQ Of tF~NNNN begun, msr be pro~ecvud a if all naoeys s~evr~d hereby ~
had m~rur.d piwr to ~n inst~wri«i.
7. TFwt in th~ event tMt ~t the beginn~ng of or at any time pendirg any wit ~pon rF~is Mwtyay~, or to foreclos~ it, w ro r•fom, it, a to enfora
payment of any d~imt hsr:.v~der, said MORTGAGfE s!»II apply to the Court havirg jur:sd~ction thereof fw th~ +ppo~nfn~t of a Receiwr, such Cawt sh~ll
forthwith ~ppoint r receiver of ssi~ mortgaged property all and singular, includ~ng atl and singular the incorne, profits, iuuss ~nd rsv~n~es fran whatw~~
tourC! deflvtd, eKh alld tY!(y O~ which, it bei~g expressly understood. is Fxreby mortgaged u if spec~fically aet fath and dewib~d in thi ~ru~tin~ and
habendum davses hereof, and wch ReceivK shsll have all the brwd and effecrive funct~ons and poaen in s~ywise entrusttd by ~ Cowt fp a Receivtr. ~nd
s~ch appointme~t ahall be rrwde by wch Caxt as an ~dmirted equity and a marre. of ~bsoturo right ro said MORTGAGEE, ~nd wi~Faut refer~nc~ to tM
edequaq w insd~qwcy oi tM wlue of the property mw~gagrd or to tne so;vency or ~nsotvency of said MORTGA('aOR w~he defeno~nn, and that such
renrs, profib, incans, iuves and revenues shall be appl~ed by such Receiver ~ccwdin9 ro the lien or equity of said MORTGAGEE and the practic~ of such ;
Court. !
@. To duly, promptly ~nd fvlly perform, dlstharge, execute, eifect, comple~e, comply with and ~bide by each and sw~y th~ stipulations, ~yre~nts, 3
conditiona and covenanrs in said promiuo.y note and ~ha mongage x~ for~h. '
9. That in the event the ownership of the mwtgsged premises, w any p~~t thereof, becomes vestd in ~ perwn othe~ th~n the NIORTGAGOR, tFN
M,oRTGAGEE, in succeuas •nd •u~y~u, may, wi+hou~ notice to the MdRTGAOR, de+t with such wcc.sso. a~,cc.s,o. in inrere~f with r.fer.nce ro~his
mortgaye and the dcbl hertby secured in the same manner as with Mo~tgagor w~fha,f ir+ s~+y way viua~inp a d~scMr~wg the Mwtyagors' IiabiGty her? ;
under o~ upon the debt hereby secured. No sste of the premises F~ereby mo~igaged and no forbearance o~ the part of the MORTGAGEE a its svcceuxs
or assig~s and no extension of the time for tt+e psyment of tlu debt hereby ucured 9iven by the MORTGAGEE a its succeuws or assipns, sMll operat~ ~
to release, dixh~rpe, modify change w affect the orig~nal Iiab+Gry of tlie N10RTGAGOR I+erei~, either in whole or in part. ~
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10. It h spec~fically agreed that time is of the essence of th;s contract end that no w+ive~ of any ob~gstan hqeuoder w of tht oblip~f'qn sr ~
cured he~eby thall at any time thereafter be held to be a waiver of the tums heieof or of the instrument secured Mrby. ~
Il. In add~tion to the faego:ng momhly paymems of princ'pal and i~reresr requ~red by the prom~ssory nore secured hereby, mortysgw covrrwnq ~
a~d agrees ro pay ro nortgagee wnh eac6 monthly payrnent an add~~anal s~m est~m~ted by mwtgagee to be eqwl ro 1/12 of the annwl cost of th~ follow-
In~.
A-AI! real property faxes kvied or assessed against thc above described real estate_ t
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B-Pramiums On fire and windstorm insurar.ce as htrein requ:red to be carried an the :mprovlments situate o~ the above dlspibed premises. ~
~ C-Premiums oe suth mortgage guaranty insurar~ce as mortgagee shail from t:me ro time deem fit to wrry on the bsn setured hereby. _
i Mwigsgee shall from time to time notify mwtgagor in wrir~ng of tF+e amou~t due and paysble herew~dtr and such sum shall thereupon b~ dw and
Fayable on the dve date of the next nanthSy payr.+ent and each successive month thereaffer ur.til rtwrtgagee shall noliFy mortgagor of a chang~ in suth
aTount. $uch sums shali be applied by mwtgagee toward the payrrKnt of real property ta:es, ins~rance prcm:ums, ~nd rtart9age gvar~nty inwr~nce
premiumf. - ?
~ WITNESS WHEREQF, the said MORTGAGOR has hereunto set his hand and xal the day snd ye first aforesaid.
( , and ed in tM presence of:
i
n
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_ rc-•~
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STATE OF FLORIDA ~ _
S5.
COUNTY OF 5 t _I~]a ~ i P
~ Before me penonslly ~ppeared Bruee A~len .,,d
Be Y't B. A3 I en iw wite, ta me well krawn and knawn to me to bs
rhe individwb desvibed in snd who executed tF+e foregoing instrurncnt, and ac:cnow:,dged befote me that they exea;ted the same for the purposes "
therein expressed. l4d the said Bertie B. Allen
w~fe of the said Bruee A216T1 ~ ; opon a separate and prnat~
examinstan by me faken sepsrate and apatt from her said husband, sckncwled~ed to and befwe me that she e:ecuted said instrument freely and vol~n-
~arily snd without sny compulsiw~, constraini, appreheoi~on, qr fear of or from her said husband.
~ WITNESS my h~nd snd officisl xal this ~~I day of A D. 1911EL
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~ Notary Pu in and fw the State of Florida af lsrpe
My ' ion expird:
Retum To:
First Feden! Ssvings ~ Loan Asaotiation . . ii0'3ry Pi;bdC. 5r}!e O! FiORJt~ lP.r
Of fwt P:e:ce. ,7~ RF
•s.z~~~~ v~.,,.- Y COrrr,~s;-o~ ~X,rJ.'BP ~:i~; O~ lg'^J7
~ Fo.t Pierce, Flor~ds ;._l~';•'`` _~~ndea c1y ..;,:~r.cnn aa-e:y ;,o. ot N.
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F;LFD AND RECORDED ' ~
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~ :i. LUCIE COUNTY ~LA. ! ~ .
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150~8~' '~,°~o•••...:...• 4 a~.
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~ r ~~l ~'i • o o *.t~111l~1?1a.
~ ^ ~~//~~Gr~~ 800K~V~. PAGE ~
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