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HomeMy WebLinkAbout2750 •t^ To pl~cs u+d continuously kNp on tM buildinps now or Mr~~hK sitwh oa t~id Isnd and on ~II eq~ipmsnt ud p~rw~?~Ily cover~d by this mo~tQ~ p~, with all pr~eniums thereon paid in fvll, fin insu~ux~ in tht vwal iu~+dud policy fam. i~ • sum ~pproved by tM MORTGAGEE, and wind~torm inwranu In tM uiwl standud policy form, in • sum approv~d by tM 1NORTGIIGEE, in such company o~ compa~ie~ u Ih~ MORTGAGEE m+y dkectj a~d all fk~ a~d windstorm irowana policia on any of said M+{idiep~„ ~ny intKest tFwein or pan thersof, in tM appnp+~~ wm ~fw~~aid a in ~xuss therwf, ~11 oont~in tM vswl sta~+dard matpapN ci+ua or wch o~ha dw~ u tM Matpape~ may rpvi~~, m+kiop the loss w~ said po1F ciea, tach and ~vary. paY~bl~ to said MORTGAGEE +s iri intK~st rtwy ~ppNr. ~nd t+ch and ~very s~ch poliq shall b~ promptly au:yn~d ~nd dtliwred to any MW by iaid MORTGAGEE u fwtF~ s~curity to aid maty+~ d~bt, and, not I~as tMn t~n l10) days in ~dvano~ of tM ~xp4~Yan of ~ach policy, ro d~- liva ro aid N10RTGAGEE a reoewal tMreof, to~tl~ with a roceipt fa th~ pr~mium of wch ren~wal; and then sMll b~ no fin or windslorm inswant~ piaad on any of wid buildinps. ~ey intt~~st tMr~in or p~?t tMrwf, wil~ss in the form ~nd with tl+~ iws p~yabl~ as ~toresaid: and i~ th~ ~wnt any wm of rtKxwr bscon?~s payabl~ vnd~? ~uch policy or polides said MORTGJIGEE shall Mw th~ pp~ion fo rooeiw and apply tM same on +ao~M of tM ird~btad nas s~tured hereby w b patmit said MORTGAGORS ro rtpiw and us~ h or ~ny part thawf fa otFxr purposes, wittwut thereby waiving or ~mpai:- Inp ~nY equity. IIM o~ riyht vnde? w by virtw of this mort9ap~: and M tM ~vsnt said MORTGAGORS shall fw any reawn fail to ke~p tM said pnmisss so insuted, p fai) b deliver promptly ~ny of ~aid policitt of insurana ro s~id MORTGAGEE, o~ (ail promptly to pay fully ~ny premium therefor a in ~ny respetl f~il /o ppfwrt~, d'isthar~~, execute, ~ffecL complet~, comply with and ~bide by thit covenant, w any part htreoi, said MORTGAGEE may plxe and P+Y for such insw+nu o? any part tMr~of without w~ivinp or aff~ctinp +^Y ePtia4 ~i~n, eV~ity, v rigM unda or by virtw of this M«~yps, and the full ~mount of ~ach and ewry such p+yment sh~ll bt irru~wdiaroly dw aad p~y~bk ~nd sMll beer interest from 1M dde thereof until paid ~t th~ r~» ol nin~ pe~ pntum pw snrwm and together with such interest ihall b~ sccund by tM Ikn of this mo~rpaye. 1. To pKmit, oomedt or wffet no wsst~, knpairment or detNioration of said propKty or u?y p+rt thenof. S. To pay all ~nd slny~lar tM cosn, chuyes ard ~xpsnses, includinp a rea~on+bb attwney's fes and oosn of +bstr+c» of title, incurced or p+id at •ny time by iaid MORTGAGEE, becains o~ ie tM event of tM f~ilun oo ti+~ p~~t of the s~id N~ORiGAGOR ro duly, promptly and fully per(orm, discharqa~ execute, effed, oomplet~, comply w~th and ~bids by sach u+d every tM stip~rlatio~a a~reemenb, caxlitio~s, and ooverunn of s~id promissory note ud thu mwtpape sny w either. srxl said cosn. chuyes ud ~xptnses, e~ch and ~v+ry. sh~ll b~ kiwnacliately dw and payabb; whethsr or not then be eotioe ds mand, anempt to collect or wit p~ndlnp; u~d tM full ~mount of ~ach ud ~wry uxh payment ahall besr intersst from tM d+t~ tMrwf unti! p~id at the .ate of nine per centum per annum; and all said wsts, charQes and expenses incurrad w paid, topether with such intK~st, shall bt ~cwed by tM li~n of tlw mO~tp~pb 6. Thst W in tM event of uiy breach of thls Mortyap~ or defwlt o~ tir ps?t of th~ MORTGAGOR, or (b) in tM ~va+~t any of s+id wms of monsy hcran r~ferred ~o b~ not promptly u?d fvlly psit! within thirty (30) days next afte? ths smr~e severally bscane due and p~yable. without demand o~ notice. or In the event e+ch and ~very fhe itip~lations, ayr~emeots, cond+tions and coven~nb of isid promtuory note and Mis mort~e any p either u~ no1 iuly, promptly and helly periwmed, d:xhuged, execWed, effected, compl~ted, complied with a~+d ~bided by, tMn in eitF~ w ~ny"wch event tM said ~g gregafe svm ment'aned Ir? wid promissoty noh the~ rsmalnirg unpaid, with interest aarued, and all mon~ys secv~ed hsreby. shall become dw and p~y- abte forthwith, a thereafta, at ths option of said MORTGAGE~ as f~lly and completely u if ~II of the ssid wms of money were apinally stipulated to be paid on such d+y, ~nythirg in ssid promissay rate w in this Mortg~gs to the contruy notwithst~nding; u~d thereupon w thereafter ~t tM option of said MORTGAGEE, witlaut notice a dem~nd, suit at I~w ot i~ eqvity, therefon ot theresNer bpvn, may be proaecuted as if dl moneys s~cur~d hereby had tn~t~red prior fo ib irotitutio~. 7. That in ths event that ~t ~he beginnir?p of or ~t any time peodirg eny wit vpon tha Mwtyspe, or to foreclose it, w t±+ roform it, or to enfwc~ paymant of any claims hereunder, aid NIORTGAGEE shall apply to the Court hsvinp jurisdiction thereof fw ths appointment of a Receiver, wch CouN shall fwthwith appoint ~ receiver of said mat9aged properry sll ~n~ sir?yulu, intlvding dl and tiogulu the income, profits, issues and ~evenues fram whateve~ soures d~rived, each and evcry of wFi~ch, it b~irg expressly ~nderstood, is hereby mortga9ed as if specifiully set fwth and dewibed in tM pr~min~ ~nd ~ habendum dauies hcreof, u~d wch Reteiver shall Mve all the broad and effective functiau ~nd powen in anywise entrusted by a Caxf to • Receiva. ~nd ! wch appointment shsll be m~de by wd~ CouN as a~+ ~dmined eq~ity a~+d ~ matter of ~bwlute right to faid MORTGAGEE. snd witfaut reference ro ths adeq~acy w in~dequacy of the vdue of the prope?ty mo.tyaged or to the solvency or insolvcncy of said MORTGAGOR or the defendants, and th~t sucFi rents, profits, income, iuues and revenves shall be applied by such Receiver accordiny to the lian w equity of said MORTGAGEE and the practice of such Caxt. 8. To duly, promptly end fvlly perf«m, disch~rge, execute, effect, eomplete, comply with aod ab~de by exh and every the stipubtiorts, sgreemertb, conditions and oovenann in ssid promasory note ~nd this mortgage set fath. 9. iMt in fh~ event rhe ownership of fhe morfgayed p.emises, a any puf rhereof, becomes vesred in a pe.so~ orher th~n the MORTGAGOR, fhs MORTGAGEE, iri succeuor~ and auigro, may, witho~t notice to the MORTGAOR, deal with such wcceuor w successw in interest with reference to this mortyag~ and the debt hereby secvred in the same manner as with Mortgapa witFa~t in sny wsy vitiating or dischar9ing the Mwtgayors' liabllity hers- ~nder w upon the debt hereby sec~red_ No sale of the premisea hereby mwtgsged a?d no fwbearance on the part of the MORTGAGEE w i» successors or sssigrn aod no exteniron of the time fa the paymeM of the debt hereby secured given by the MORTGAGEE or ib successon or assig% shall operate ro release, dischar~e, modify change or affect the original lisbility of the MORTGAGOR hereui, either in whole or in paA. 10. h is speciiically agreed tMt time is of the euence of this connact and that no wsiver of a~y obl'~gaYwn hereunder w of the obligstion se- cured hereby ahall at ~ny time thereafta be held to be a waiver of the terms hereof or of the imtrument secvred herby. 11_ In addition to the foregoing month:y payments of princ:pal and iMrrest required by the prom~ssory note secured hcreby, mwtgagor covenants a.~d agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folbw- i r~: A-AU real property ta:es levied w auesxd againat the above described ?eal estate. B-Premiums on fire and windstwm insurance as herein reqvired to be carried on the improvements siWate on the above described premises. C-Premiums on such mortgage guaranty inwrance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shai! from time to time notify mortgagor in writirg of fhe ama?nt due and payable hereunder and such sum shall thereupcm be due and j payable on the dur date of the next monihly payment and each sutcessive mo~th fhereafter until mortgagee shall notify mortgagor of a change in such f amount. Such sums shall b~ appiied by nwrfgagee toward the payment of nal p?operTy taxes, inswance premiums, and mortyage ywranty irourance j premiumt. ~ IN WITNE55 WHEQEOF, the said MORTGAC-0R has hcreunto set his hand and seal the day and year fint sforesaid. ~ Se~. elivered in the presenu of: 1 L1~/ l_ V ~ /~i~--~ ~ ~~,C~ ~ tSN~ ~ ~i ess " ;-1i on V. oy e ~ ~ ~~itness ~ ~3`Ford'i~ oy e ~ea~ .q STATE Of ~~II Rc i": I A ~ SS. couwnr oF Fai rf~z ~ ~f~ ~ ~u~ :dilton V. Fioyle ~ .nd ~ Thordis J. Boyle his w;fe, to m. ~n k~ ~~,d,.t~.~o m. a~ ~ the individwls described in u~d who ~a~cuted the fore9oin~ instrwmnt, and acknowlsd9ed befon me that they ~xea+ted thr'!M~ if~r~d»:.pu~~es ~ r!?e..N+ ~xp...ua. N,a rh..ud Thordis J. Boyle •..:..t:~a-r:q~- ~ wifs of tF» said 'ti'1~tOR I30~[~.E _~_^ioA~~ s~r~t~ Mt~.p'~a1~ caanwnat~on by me uken sepa~aM and apart from hK said hwband, adu~ovvl~d~ed ro~r+d b~fon m~ that sh~ ~xecut~d ssid:3a4in~oaM 4swlr an/~~ilwt ~a tarily and without ~oY wn?pv~sia4 tonftrajnt, aPPreF~iow, O~ ~w ~ OI from Mr Mid F~~b+e~d. . : c, ~ = ~ WITNE55 my hand and oHicial Nal t~tia day of t ~ D. • 19.~ ~ . ~ ~ ~ FIL' ED ANO RECORDEO' P"bi`` i" '"d f°"h' s, °~~a'"~''i~.~'i"~'' ' ST. IUCI , . . - E COUNTY FLA "~y ~ ~ ~ ~ ~ Rftwq To: ~ FiM f.de..~ Savir~ys i lou, A..oc;.tion R F c o a ~ v~~( Fi~~j.Q, . 16'"~'24.~ C., , ~ Of Fort Pieres. ~ a ~ f w t Piert~. F b r i d~ G~'-~. 3 7~ ~ '68 MAY 20 AM 3;~ U ~ ~ ~ ~ This Inshument prep2; ed " g~~~ ~ Ftst Federal Sav. ~ l~a~ A~-.• ?~OvL~ r-O~TR~5 ' of Fort Pierce CLERK CIRCUIT COURT ~ ~ BY o R a~171 ~2.742 ~ . . ~ ~ ~ „ ~.1- , _ _ - - - ~ ~ t~:~- , ~ _