HomeMy WebLinkAbout1904 . ! ~ N ~ . ~
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To pl~ ~nd continuously kkp oa tM buildiap~ ~ww o~ h~reaftK ut~at~ on sa~d lu~d +nd on +II equipment ~nd pKaon+lly covK~d by Mlt mwt~
~y~, with ~II premiur•t~ tMr~a+ p+~d in ful4 fi~~ insw~na in ths vswl standard policy form, ~n • i~m ~pprov~d by IM MORTGAGEE, and winditwm
inwru+c~ in tM vawl sur?dard poliq form, in • sum ~pprowd by tM MORTGAGEE, in such comp+ny a comP+~~~+ u iM MORTGAGEE n++y ~
u+c
dir~ct~ ~nd all tk~ ~nd windiwrm insurana polkro+ oe ~ny of said bvild~nps, aAy If~MfNl tlfOfflfl W WN iMffOf. tn th~ ~pgrp~t~ wm ~for~a w
In ~xaess tMnof, sMtl cont~in ti+~ vswl tt~ndud mort9s~~ dau~ r- such othsr cl~uw a tM M«ty+~ m+Y nquu~. maki~p the los~ unde? uid poli~
ciK, e~th ~nd ~wry. p+Y+bl~ b ~aid MORTGAGEE as in inte~est may appNr, u~d eacA ~ad ewry such policy ihall b~ promPtly su:9n~d a~d deliv~?~d to
~ny h~ld by s+W MORTGAGEE u iurtha secwity to said mortp~ps dsbt. ~nd, not bu th~n tM (10) days in advann of tM ~xpir~tia? of ~ach policy, w dr
liwr ro uid MORTGAvct • r~newal the«of, tope~h~r with a receipt (w the pr~mi~m oi such ron~wal; u+d th~re sMll b~ no fin a winduam inaw+nc~
pl~ad a+ ~ny of uid buildinp~. aMr interat tha~in or part 1hK~of, unleu In tM form'and wi~h 1M lou p+Y+bl~ as aiw~s~idj ~nd in tM ~wnt ~ny sun+
of mon~y becoma p+ysbN undK wch policy w policia uid MORTGAGEE ihall haw tM option ro reuiw and ~pply ths s+mt on acww+t o~ ~M ind~bttd'
n~u s~cyr~d F~~by w a permit uid MORTGAGORS ro receiv~ and uae it or any part ~hereof fw o~her purposes. w~~hout ~hxebr waiviny a impai~-
iny ~ny pviry, liq~ or ripht vnde~ w by vutw of this mortyap~t +nd in tM ~vent aid MORTGAGORS iMll for sny rwson fail to ke~p th~ said pnmiies so
insurad, w f~p to d~liver promptiy ~m of taid polKi~s of i~+wnnu to said MORTGAGEE, or fail promptly ro pay fufly any prKni~m tiwiefo? w ie~ any
resp~tt fall b pefotn~. diuhuye, ~xecut~, ~ffett, tomplel~, tomply wirh ~nd abids by this covenant, a any p~rt hNeof, s~id MORTGAGfE may pl~ce and
p~Y fp wch Irowanc~ or ~ny put thereof without w~lvinp or aff~ctinp any option, li~n, pu+ty. or ripM undN or by virtw of this Mut~ap~. ~nd tM
full ~nount of Nch and wery such payma?t sh+ll bs imm~diat~ly dv~ +nd paysbl~ ~nd ~h~ll bsar ~MHHt kom tM dab thereof vntil paid « tM rat~ oi
n~n~ p~r untwn pN an+wm snd toyNher with wch i~terat s!?~tl be secund by tM lien of this ~nort9+p~.
1. To psrmit, aommit a suffa? no waste, imFai~ment a d~t~rioration of s~id property ot any parf thereof•
S. !+ay ~II ~nd tinputu ths•cwts. chsrpe~ and expenses. includinp a reason~ble ~tro.ney i fee +nd wsts of ~bstr~ds of titl~, iocuned a paid at
any tim~ by s+id MORTGAGEE, becavs~ or in tke went of ths fsilure on the part of the said MORTGAGC.°, to duly, promptly ~nd fvlly perfwrn, diuhugR
execw~, ~fisct, aomplste, compfy with ~nd abide by tach ~nd every the stipulatiau, +greeme~ts, con~litiau, and oovenann of s.id promiuory nor• and tF?i~ ;
mortp~~ ~ny a ~itMr. +nd aid coits, charQes and sxpenses, each and every. shatl be immediately dw and psy~We: whetha a not ther~ be norice ds j
msnd, ane~~t ro aollect or wit pN+diegs u~d rM fvll amo~nt of esch and every wch p~ymtnt sh~ll baa? interest from tM d+t~ theraof until paid ~t the ~
rate of nine per untum per annum; and all said cdsts, chuges u~d expenses intvrred or p~id, topether with wth interpt, ah+ll b~ s~cured by tM li~n of tl~i~
~
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mort9sp~. :
e. 1?wt (a) in the event of ~ny lx~ath of tha Mortpsg~ w defa~lt on tM psA of the MORTGAGOR, or (b) in the eva+t ~oy of s+id sums of moMy s
herein rofarred ro bs not promptly and f~lly paid within thirry (30) d+ys next after the same sever~lly become due +nd payable, without demand w notice.
or (d in tM evaN exh and ewry the stipulations, agreamenb, conditions and toven+nn of sa~d proen'uwry note snd this mortp~ye any o~ ei~Fwr ~re nol
~uly, promptly and folly perfamed, d~scharyed, executed, effetted, canpteted, compl~ed with and ab~ded by, tFKn in e~tl~ w ~e+y ~uch ~wm ttk said a~
qresatt wm mentio~ed in said promissory rate then remsininy unpaid, with iroerest acuved, and all ma~eys secured heteby. slwll become dw +nd p~y-
ebte fwthwith, Of tI1QfNffN~ a1 tM option of said MORTGAGEE, as fully and completely as if all of the wid swns of moMy were uipin~lly stipulsted
ro be paid on such dsy, a~ything in s+;d prom~uory note or in this Mortgsge to the contrary notwithstanding; and thereupon w thereafte~ at ti+e option of
said MORIGAGEE, without notice a demand, tuit at lan o~ in equity, theretwe or thereafter beg~n, may be prosecuted es if ~II mo~eys secured hereby
had maturad ptior to ia ins~irution.
7. Th~t in th~ event tl»t at the beginning of or ~t any time pending aoy wit upon thii Mwtgage, or to fweclos~ N, w to rofam it, w to enfap ~
payment of ~ny daims hereunder, ssid MORTGAGEE iMll apply to the Court having jurisdrction thereof fw tl?e appantment of ~ Raeiver, such Co~rt sMll ;
iortliwith appoint ~ receiver of said morigaged property +11 and singular, inclvd~ng all and singulsr tM inconx, profits, issuts ~nd revenues from whataver
wuru d~rived, each end every of whKh, it being expressty understood, is hereby mortgaged ss if ipec~fically set iorth ~nd dewibed in 1M yr~ntirg and
habendum cla~nes hereof, ~nd such keceiver sl»II have all the broad and effecrive f~nctions and powcra in anywise entrusted by a Co~rt to a Receiver, ~nd
•uch appointment shall be made by such Cowt ~s an +dmitted equity and a rn~tter of absolute r'ght fo said MORTGAGEE, ~+d without reference to the
adequscy o~ inadeqwcy of the wlue of the p?ope?ty mortg~ged w to the sonrency w inwtrency of sa~d MORTGAGOR or the defendants, and ~hat such
rents, profi», incane, issues snd revenues shsll be applied by s~J+ Qeceiver accord~r?9 to the lien w puiry of said MORTGAGEE and the pwctite of such
CouA.
& To duly, promptly and fully perfam, dixMrge, execute, effect, mmplete, comply w~th and ab'de by eacA and every tFa stipulatio% agreements,
cendiYans and covenanq in said promiuory note +nd th~s mortgage set forth.
9. Th~t in the event the ownership of the mortgsged premises, a any paA fherecf, becomes vested in a perten other than the MORTGAGOR, 1M
MORTGAGEE, its succeuors and ssi~grn, may, without notice ro ~he MORTGAOR, deal with such succeuw M successw in interest with reference to thii
mortg~ge ~nd ~he deb~ he.eby secured in the same marv~er as with Mo~tgsgor without in ~ny way vitiating w discharging the Mwtgagors' lisbility hera
undcr or upon the debt hereby secured. No ssle of the premises hereby mortgaged and ra fwbeannce on the p~n of the MORTGAGfE or its suaesson
o. auigns and no extension of the time for tl~e paymem of the aebt hueby secured 9iven by the MORTGAGEE or its successws or ass~gns, shall operats ~
ro rekase, discF~rye, modify ch~nge w affect the orig~nal li~bil~ty of the MORTGAGOR herein, either in whole or in psrt. ~
10. It is spedfically ag~eed that Yxne is of the essence of this contract and that no waivet of any obligstion hereunder or of tM obl'gafan s~ S
a,red hereby sh~ll at eny time thereaftet be held tp be a w~iver of the terms hereof a of the instrw~cnt secured herby.
1. :n addition to the fwego:ng monthly psymenn of princ:pDl and interost required by the promiuory note securcd hereby, mortgagw rn~v ~wls
and agree o pay ro mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cosl f'fiollow-
ing:
A-All real pt vied or assessed sgainst the above described resl estate.
B-Premiums oa fire and windstorm ~nsu ' requ:red to be car~ied on the improv uate oo the sbove described premises.
C-Premiums on such mortgage gwranty i~nurance as mortgsgee ~me deem fit to csrry o~ the loan :ecvred hereby.
'i
; :lortgagee shall from time to time notify mortgagor in wri ' , amaint due and payab m shall t!?ereupon be d~te and
~ payable on the due date of the next mont ywre o each s~lYoessive month there~fter ur~il morigagee shall notify mortgagor io such
~ amount. Such wms L-b~+ppt Y mwtgagee toward the payment of real propcny ta:a, inwrance p?em:ums, and mortgsge gu anty inwr
i premi
j NESS WME , the said MORTGAGOR h~s herevnto ~et ha hsnd snd seal the day snd ear fint afw .
E I' in the esence of: ~
i , FILEO AND RECORDEO ;
~ ST. LUCIE COUNTY, FLA. '
'~F`.' `?4. q s
}~~~r`. . ~IF _
€ ~ rs.~,q
~ SiATE QF fLOR10A ~6~+ A` 3~ W'~ 38
~ St . Lucie i~~j~'j~j~
coun~n oF
~ eef«e me peno~~~y ,ppearoa 6dward :+~E~~'~'~~il and
Janette A. Miteh~l~RK CiRCUl7 COURT his wife, to me well known •nd known ro me ro be
the indiridwls dewibed in and who executed the foreyoirg iostr~ment, and acknovrledged before me that they executed the same fa the pvrposes :
therein e~.~ss.a. n~d t~ s~ Janette A. Mitchell ;
t
z wire ot tl?e taid war osep 1 c e up,,, e,ep,..te .na priv.r. ~
~ examination by me taken sepsnte and ~part from her said husba~d, scknowledged to and before me that she executed said irntrument freely ani! volun-
~ rerily snd witlaul atir computsion, constnint, epprchension, w feu of w from her ssid husband.
~ WITNE55 my hand and officisl seal this 29th ~y ~ Y11 A D. 19 68
€ Notary Publ" m~nd for the State of Florida at larye
~ My Comrn' sxpires: ~ _ ~ ~ ! 9 7 /
? Retum Ta
" First Feders) Savi s 3 loan Asaociafion
~ ot Fo?r P~~.c~. ••~:.t~~~ t.otary Pu~fic, State o} Horida at Latge
Fort Pierce. Flwida ;;...:.~eJ' i~i ~ ~OIt1~iSS10t1 ~EXpRCS 6 ~n
„ ''C...•° : ,c%J;. ~ad!QiY~EstiSss~Lr
~ ='J~
~ This inst~ument prepared by ~ ~ ~ r` ~
~ 'rst ed~ral Sav. & Loan Assn. : r = . ~ ~ . ' _ .
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~ 9 go xi7~ ~~1902 ~k
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