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HomeMy WebLinkAbout1545 S. To pl~o~ ~nd contin~ovsly kNp on tM buitdinqs now a hK~aiter ~ituat~ on said lud +nd on ~II eqvipm~ot and p~~weally covK~d by this mortp~ with dl pnmiw-s t1+Kwn pa~d in full, fin iniuwnc~ in t!v viwl uaodard pdicy faen, ~n a~uin ~pprowd bY tt+~ MORTGAGEE. +nd windttorm Iraw~ In rM ~,sw) uanda.d poficy for~n, in ~ sum approvsd by rM MORTGAGEE. Y+ wch ca~P+^Y a romp+ni~s a tM MORTGAGEE reNY ~ dinctt ~nd ~II fin ~nd windslorm iniwano~ policies oe any of f~id MriW~n~f. ~y I~Itltqt tANfirl OI pKt fF~O?Wf, in th~ ~ppre~~t~ wm ~foraald a ~ In uccess tl~wf, ah~ll ca+tain ~M uswl ~tandud matyapM davs~ or sud~ o~lw~ dws~ a tM Mor~p+ye~ m+Y rpuat. ~nakinp tM bas u~ s~id po1E t ~iK, ~ach and ~vKy. paYabl~ w wid MORTGAGEE a iq interest may ~pp~ar. aod ~ach ud ~wry sud+ polrcy ahall b~ p~anptiy ~ss:9nsd u+d deliv~d to i ~ny h~ld by said MORTGAGfE u fwtha security ro s+id mwtp+pe debt. and. ~ot ku tMn ten p0) days in advanc~ of tM ~xpiration of ~ad~ po~icY. to ~M- liwr ro wid MORTGAGEE ~?a+ew+l therwf. ~op~rlwr with a receipt for th~ pnmiwn of wch r~neway and tM~~ ah~lt M no fin a wind~tum insw~a plaad on ~ny o1 said bvild'u~p~ any interest tMr~in or pa.t thawf. untas in th~ form'and wi~h ~M Iws paysbb u afa~saidj aad in tM ~wnt ~ny ~w.: of moMy beeoen~s p~Y~bl~ w~d~~ such poGe1? or Pelici~s said MORTW~CsEE shaU Aaw tM option to notiw ud spp~y tlw s+m~ on ~coow+! o~ tM iod~bted~ e~ess acvnd Iw~br o~ a p~imit ssid MORTGAGORS ro?seeiv~ u~d ust h or any psrt theraof fw o~her purposes, without ~haeb~ waiving w impair- inp ~ny p~iry, li~n w ripAt w+d~r a by virtw of this morlqs~t +~d in tM ~wat wid MORTGAGORS shall for any resson f~il 1o keep the aid p~emisa w tns~nd, a~ fail fo d~liw? prompth ~ny of ssid poticia of inswsno~ to s~d MORTGAGEE, a tall promprly ro pay fully any premium N+er~fa a in any n~p~cl fail b paforn~, discharge, ~x~cate ~ff~ct, oompkt~, comply vvirh and ~bid~ by thb covMant, or aey part hK~of, said MORTGAGEE may pl~ce and wr f« a+^Y w~ withovt w~tvinp or aff~clinp ~ny option, li~n, puity. or riqht vrd~r a by virtw of this Mortya~. and the tull amo~?nt of ~ach and wsry wch p~ym~nt sh~ll b~ im~ned'wt~ly dw and pyabl~ u?d sl~+11 b~ar intKest from tM daf~ tMreof until paid a1 tM rat~ oi nirK pK ca~tun qr +mum ~nd royether with wcA i~tsrest sha11 b~ s~c~nd by tM li~n of this mort~ap~. 4. To p~nntt, oomn?it a wff~r oo wute. impa'amMt a d~teriontioe of said propKty a ~ny W?t thK~of. 5. To pay all ~nd sinpular tFN•cost~, charpa +nd expee?s~s, includinp s reason~bl~ anomey's fee snd oosn of ~bst~acts of title, inc~?red a paid at any tHne by ~aid MORTGAGfE, bat~us! or in 1F+e er~nt of tM iail;ut on 1M paA of tl» ssid MORTGAGOR 1o duly, promptly ~nd futly perfwm. d~schar9R ~xecut~. ~ffed. eompl~te. oomplY with and ~de by exh u~d every tM stipul~tiona, ~greema+ts. conditions and covtnanb of ssid promissory eote and thi~ mort~+p~ +nY or eirha. and said costs. d+arpes ~r+d ~xperws, ~ach ~e+d ~wry. ihall b~ in?med~~tely due and p~y~bl~s whether w not then 1» notici d!? mand, ~tMmpt ro colbct w wit p~nd~ngj and th~ full amo~?t of ~ach ~+d every wch paym~nt ~II bear interesf from tM dN~ th~reof votil p~id at the rate o1 e+ine per centum psr arnxun; +nd all said cbsts, ch+ryes and expensea incvnsd a p~id, topNhtr with wch intarest, sl+all b~ a~cvred by 1M li~n of thu 6. Tha1 (a in tM went of any breach of this Mwt~s~ or defa~lt on th~ pa?t of the MORTGAGOR, w(b) in the ~ven~ any of s+~d swns of mo~ey hertin r~fMrsd to b~ not promptty snd fvlly paid within thirty (30) daya nexl aher the sarrK severally betome due ~nd p~y~bl~. without demand or notice, or W in th~ swnt ~ac~ and ~wry tM itipulations, preern~nts. condirioas snd coverwnn of w~d promiswry nae u~d th~s mortpaps any a ei~her an na! i~rly. promptly and fully pufwmed, d~sch+rpal. execvted. ~ffected, compl~ted, compi~ed with and ~b~ded by. then in eithtr or aoy such ~wnt tl» ssid ag prq~t~ wm mentaned in s~id promissory ~+ote then r~msininy unpeid. with interest acaued. a++d all moneys s~cured hereby. si»II bccome dw and pay~ abls forthwith, a thenafta, at tM option of isid MORTGAGEE, ~s fvlly and canple~ely ~s if all of ths wid sums of moner vrer~ oripinatly stipulated ro bs pa;d en wch day. anythinp in said promiuory note w ir+ thb MatpaQe to tM conrrary notwithst~ndiny; and thereupon or thereaha~ at tM option of said MORTGAGEE, without notic~ p demsnd, wir ~t la~v a in eq~ity, thersfwe or thcreaher b~y~n, m+y be prosacuted u if all ma~eys sawnd hereby Md rfl~fwld prql to it1 inftitution. 7. That in the event tMt ~t the begiening of or ~t ~ny tim~ pendinp ~oy su~t ~?pon this Mwtgage, or ro fwecloH N, or to rofwm it, a to enforc~ paym~nt of ~nr diims hereunder, said MORTGAGEE shall apply to the Court havirg jwisd~ction thereof iw the ~ppantment of a Receiver. such Cowt sMll fortliwith sppoint a receiver of said mat9a9ed property sll ud sinpular, includ~rg all and singub~ fhe income. profits. issues and revenves ~rom whatevK sowa daived ~+d+ and every of which, it beinp eapressly undentood, is hereby mor~geged as if speciiically set forth ~nd d~saibed in thc yrantinp and Mb~ndw+? dauset Mrwf, ~nd sud~ Rec~iver shall hsw sll the bro~d and effective funct~oro and powen in anyvvise entrusted by ~ Court to a Receiver, ~nd ~uch sppantment shaN be made by such Court u ae admitted equity a~d a m~tter of absolute riyhl ro said MORiGAGEE, and without refere~ce to fhe adeqvaty or in+deqwcy of th~ wlw of the prbpaty mortg+ged or ro tF+e wlvency w_ mwlvency o( s+id MORTGAGOR p the defendanri, snd that wch rents, profi», incans, issues s~+d revenues thall be spF~ied by such Receiver accordinp to tFis lien w puity of ssid JMORTGAGEE and the pradiu of wch Court. " 8. To duly, p.o~rN a~+d t~iN pertorn+, d~schargs, execute, effect, compkte, comply wiih ~nd sbide by each and ~very the stipulatiais, agreemenb, conditiom and oovenanb in ssid promisso~y note and thia mwtgags set iwth. 9. That in tM event the ownenhip of the mortgsged premises. a any part thereof. becomes vestad in a person ofher thsn the MORTGAGOR, th~ fNORTGAiEE, Mt successon and +uiyro, may, wi~hout notice to the MORTGAOR, deal wi+h such waeuor a successor in interest with rcfersnce fo this ~ • rtartpap~ and the debl hereby setured in tM sune manner ~s with Mortgago~ without in any way vitiatiny ot discharging the Mortgagors' liability htr~ under or upon th~ debt hereby secured. No sale of ~he premises hereby mortgaged ~nd no fabea~snte on the part of the MORTGAGEE w in successon a~ssigro and ea extension of the time fa the p~yment of the debt he~eby scc~red yiven by the MORTGAGEE w in successors w assi9m, sMtl oper~t~ t to r~leas~, dixMryt. modify cMns~e a affect tl+~ wginal liability of the MORTGAGOR herein, either in whole o? In p~rt. j 10. It h ~pecifKally agreed that time is of the essence of this contrxt ~nd that no~waive? of eny obligatioe~ hereunder a of the oblg~tion se- f cw~d Mrebr shall a1 ~ny time there~her be held to be a waiver of the terms hereof or of the instrvment secured herby. ~ 11. In add~tion to the forego:ng moMhly psyments of princ:p~l and interest required by tht promiuuy note secvred hereby, mortgagor covenants and prees ~o pay to mortgsgee with each monthly paymcnt an sddirionsl sum estimsted by mortgsgee to be eqwl to 1/12 of the annual cost of the follow- t ing: A-All real properry qxes kvied a assessed against the above described rest estate. • b-Premiums on firo u?d wi~dstorm ituwance as hertin required to be urried on the improvemenh ~situate on the above desuibed premises. C-Premiums on wch mortg~ge gwranry insurar.ce as mwtgagee shall from Gme to time deem fit to carry on tF+e loan secured hereby. ~ Mwlgayee shaR f~om tirne to time notify mo.tgagor in writing of the amoum due and payabk hereunder and wch sum shsll thereupon be due snd , payable on the due date of the next monthly payment and exh successive month thereafter until mortgsgee shall notify mortgagor of a clunpe in such i , amount. S~xh sums shsil bt applied by mortga9ee toward the payment of real property t~xes, insurance prem:wns, and mortgage gw?a~ty inwrance ~ ! pre~r~iums. ~ IN WITNESS WHEREOf, said MORTGA has hereunto fet his hand ~nd seal the day snd yesr first aforasa' . ! ! Swl~d de ed iw th~ pr of: ~ \ ~ ` . a~ i ~ ' -c/ rc..p ~ ~ cs.•n ~ SiATE Of FIORIGA ~ ~~~y ~ Saint Lucie ~ ~ ~ ~~ihapp~a~ Ray L. Fisher ~ s~ ~ BdI1~ L• F is Y his wi(e, to me well known and kcwwn ro~+w to b~ ~ tM Mdiridwb dswibd in and who ~a~tutd tl+~ forsqoirg instrum~nt, ~nd ~cknowledqsd befor~ me that tMy ~x~cvted the s~me fw tM purpose~ ri,..~+~ s~..,..d. n~,a Sdna L. Fisher ~ wir• or d+. ~ad ~~v L. Fisher upon ...p...t..+,d prlvN. ~ •~~nw?~Yan by m~ talyn wparaM snd ~pa?t from her s~id hwba~d. ~dcnowled~ed to ~nd b~for~ n» tFNt iM ~xecut~d said iratrument fretly and volurt~ ~ ?~rily w~d w~tharl wVr computsan, constr~int. ~ppr~ ~i~.~ f~ear of w from Mr s+~d hvsb+~d.A Zl " 68 ~ WiTNESS n~y h.nd and off~c~.l ,.al thi¦ v`~" d~y of p A. D. 19 . s ~ Not.ry PuWie in .e+d fa the S~•n oi fbrid. N larp. ~ M~ Commbsion ~xp'ats: / I - i - '7 / ~ R~twn Ta ~ ~~^o+ a~+^ FILEO AHD R~G4RD~D MOTARI? ?YBLIC~ =tATE OF i~~~IYA Ai LAiic ~ a c~ P~.~.. ST. WC~E ~~u~~fY~ P~,M. ~COMMISSION E~(PtRES NOV. Z6, i9» ~ Fon ii~+c~. Fbrid~ , ~f ~s ~ F,~ ~ j oco rawuuoM ~w~~o w. ~i~t~i~~MOws : ~ ~ This in~trument prepar~ by , 1663~2 , , . : : ~aFR ~ . ........;:L,. sa 22 , ~ ~1 Iu:19 F~ Frst Federa! Sav. & loan Assn. ' ~ - • ~ ~ of Fort Pierce ` ~ " ' ' ~ J. D. Chaatain . = . _ - ~ By ~ o~Ta~~ - • ~ - ~ CLERt~ CUIT ° ` ~ : C~R COURT 1 ~ ~ R ' ~S t `t `~c~j , ,~IC F= 171 P~~.E1543 { ~ , ~ . ~ - "F~. p~ _ ~ ~ ~ ~.w~, _ .