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HomeMy WebLinkAbout1704 To plac~ ~nd continuovsly kNp on tM buitdinps oow w ixrrea(tfr siw~te on sa~d I~nd and on ail ~quipm~nt ~ed p~noeully covN~d by this mat~ ~q~, with all pemiuRA thereon p+id in full, fire insu~anc~ in ~he uiu~l standud policy form, ~n a sum ~pprovad by tM MORTGAGEE, and windttam toiw~nu tn tM uiwl standard pot~cy f«m, in ~ sum +pproved by the MORTGAGEE, in ~uch comp~ny or core?Wnks +s ~h~ ?~10RTGIIGEE may d'u~ctj ~nd ail fin ~nd wind~torm insuru~t~ polici~s on ~ny oi aid bvildinps, ~ny int~n~t tMr~in o~ pa~t tMrw(, in tM ~re9~t~ wen ata~said a 1~ ~xau d~er~of, shall cant~in tM ~nwl atandard mwtp+~ ti~~se u such othM tl~us~ as tM Mat9pN m~y rpuin. m~kinp the bi~ und~r ~sid polF ci~s. ~sch ~nd ~very. paY+bk to uid MORTGAGEE ~i ib intare~t may appN~. +nd e+ch +nd ~ve+Y tuch Paicy slNlt be pranptly us:9ned u~d delivKed to ~ny h~W by s+id MORTGAGEE as tunhe~ security to i+W mw~gay~ debt, and, not I~ss thae t~n (10) days in advanc~ of tfi~ ~xptr+~ion of ~~d+ policy. ro dr liwr te aa~ !~C>RTr4G€f a+e~wa! nc~reof, topethu with a reteipt fw 1hs pnmium of tvth renewalj and then shatl b~ no fire a windi~wm ins~r~nc~ pl~pd on ~ny of ~id bvildinps. ~ny interest therein a p~rt tl?Kwf, unleu tn tM fwm'~nd with tM loss paYabl~ es •(wataidt u~d in tM ~v~nt ~ny sum of mon~y becomy payabl~ ~nde? such polky o~ Po~icNS s+id MORTGI?GEE ~hall hav~ tM op~an ro ~ac~iw and spply tM s+m~ on acco~u+~ ol th~ i~d~bred~ n„s secvr~d Fweby a ro p~imit said MORTGAGORS to receiv~ ~nd us~ it a ~ny p~rf fhereof fa ofher purposes. w~~hout the~eb/ wai~in9 a~mpai.- inp any p~iry, lien or r'ght under or by vtnw of this ~nortyag~s and in tM ~vent Nid MORTGAGORS shaD fw ~oy r~asa+ fail to ke~p tM aid pr~eniies w ~ ir?iured, w f~il !o deliver promptly ~ny of said polities of ins~rsrw ro aid MORTGAGEE, or fail promptly to pay fully +~y p~emium thersfor a in any ~ reipect fail to perfonn, dixharge, sxecute. ~ff~ct, comple% comply with and ~bid~ by this covenant, or ~ny part F?Heof, s~id MORTGAGEE may plau and ~ paY fa such inswar~ or any part tMreof withart walvi~+p a aff~ctlrg ~nY option, Ikn. equity. o? rqh~ urwla~ w by virtw of this Monpa~e. ~nd fM full amovnt of sach ~nd ~wry wch paym~nt shall be immediately dw and p~yabl~ and sh~ll b~u i~tKest from tM dat~ thereoi until p~id M th~ rat~ ol ~ine pa cenrum pN annum and together with such lnterest shall be sacured by tM li~n of this mortpaya ! 1. To per~nit, oomrnit a tuffer no wast~. impai~meet a deteriontion of ~aid properry or any put the~sof. ~ S. To p~y all ~sid sinpula tFa.costs, cFsrqes and expemes. inclvdinp s reason+ble attwney's fe~ and costs of abit?acts of title, iocvrred o~ psid st ~ sny time by said MORTGAGEE, becaus! o~ in the ~vMt of the isilure on the p+n of tM said MORTGAGOR ro duty, promptly ~nd fully perform, diuMrgR execvts, effec?, compkte, comply with and abide by each ~nd every ths stip~lations, ~greements, conditioro, snd oovensnb of said promissory note and thii ..w n. .cN... ~.,~1 ud eoaa. ch~r~ snd exp~nes, escl+ and every, sMll be immediately dw and pay~ble: whethe~ a no~ then be eotice da m~nd, attempt M tolkct w wit pMdirgs and tM full srnobnt of tath ~nd every wch paymant sh~ll bear iMerett from tM date thereof until p~id +t the ~ate of nine per centum per an~um; and ~II said cdsta, cFurges and expeews incvrred or p~id, topether with such it?tKesl, shall bs setwed by tM lien of thw j matp+ys. ' 6. ?Mt (al in the evenl of any beach of this MortyaQe o! default on ttr part of the MORTGAGOR, w(b) in the event ~ny af sud awns of mor?ey ~ herein referred to be not promptly and fully paid within thirty (30) d~y~ next after the seme sever+ny become due and payabte. without demand a notice, j or (cJ in the ewM exh and every the stipul~tioea agreemen». cond~rar~ aed covenann of said promiuory note and tFus mort~+~e +ny or either ue nw ~uly, promptly and fully pe?formed, d~schuged, executed, ~ffected, compkted, compl~ed with and abided by, the~ in either w any such ewnt tM said a~ pregat~ sum mentaned in tsid promiuoty note thea remaininy unpaid. with interest acuued, and ~II moneys setured hertby. shall becant dw and pay~ able fwthwi~h, or theresfter, ~t the a~t:~.z 5~ sa.!! AIQRTGAGEE: a: fu11y ~nd cornnletely ~s if sll of the wid wms of money were oriyinally ttipulated ro be paid on s~ch day. snythirg in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon a thereafter ~t the optioe~ of ~ said NWRTGAGE:, withoul notice w demand, suit at Iaw a i~ equity, tl+~refore or thereefter begun, may be prosecuted ~s if all ma~eys secvrad hereby ~ had matured ptio~ to its instit~tion. ' 7, Th~1 in the event that at the beginning of o~ ~t any time p~ndi~g ~oy suit vpon this Mortgage, a to fwecloae it, a to reform it, or to enfora payme~?t of ~ny clsims hercunder, iaid MORTGAGEE shall apply to the Covrt hsvinp jurisdi~tion thereof for the sppantment of a Receiver, such Court sMll fwtFiwith ~ppoint a receiver of said mortg~ged prope?ty all end singvlar, includmg all and ting~lsr the income, profits, issues snd revenues from whatever wurce de~ived, eath and every of which, it being exE+reuly understood, ii hereby mwtgaged as if spec~(ically set forth and desuibed in the granting snd habenJ~m clavses hereof, ~nd such Receiver shall h~ve all the broad snd effective functions and powen in snywise entrusted by a Court to a Receiver, ~nd •uch ~ppointment shall be made by such Court as a~ admitted equity and a mstter of absclute right to said NWRiGAGEE, and wieFaut refereote to the adeQuacy a k~adequacy oi the wlue of the prbperty mortgaged w to the sonrency or insolvcncy of said MORTGAGOR w the defendann, and that such renrs, profin, income, iswes snd revenues shall be applied by such Receiver accwdin9 to the t~en or eqvity of said MORTCaAGEE and the practrce of such Coutt. 8. To duly, promptly and fully perfwm, diuharge, execute, effed, complete, comply with snd ~bide by each ~nd every the itipulations, sgrcements, conditions and covensnts in sald pr~miss.;:y nose a+tid this morigs9e set fo~~h. - 9. That in the event the ownership of the mortgaged premises, or any psrt thereof, becomes vested in s penon other 1Mn the MORTGAGOR, the MORiGAGEE, Ib succeuo?s snd auigns, may, withovt notice to the MORTGAOR, deal with such succeswr w successor in interest with reference to this morty~ge and the debt hereby sec~red in the same manner as with Mortgagw without in sny way vitiating w discharging the Mortgagors' liability herr under or vpon the debt hereby secured. No ssle of the premises hereby mortgaged and no forbearance on the part of ~he 1NORTGAGEE or ib successors or auigns and no extension of the time for the payment of the debt hereby secured givcn by the MORTGAGEE w its svccessors or assigns, shall operate ro rek+ae, discharge, modify change w affect the original liability of the MORTGAGOR here~n, eithei irt whole o? in put. 10. It is specifically agreed that time is o/ the euence of this contraa and that no waiver of any obligation hereunder or of the obligation sr n,red hereby shall at ~ny time thereafter be htld to be a wairer of the terms hereof or of the instr~ment secured herby. d~tion to the forego:rg monthly payments of princ'pDl and interest required by the' promiuory nore secvred hereb , m H renar+ts ' and sg~ees to pay to mor g monthly payment an addirional sum estimated by mortgagee to be equal to 1 e annual cost of the follow- ~ A-All real property taxes levied or assessed against the above eal est B-P~emiums on fi~e and windstorm iruurance as herein r carne pn nts sit~ab on the sbove desaibed premises. C-Premiums on such mortgage guar rance as mortgsgee shall from time to time deem fit to c e ban secured F?ereby. INortgsgee shall from Y ~me notify mortgagor in writing of the amount due and payable hereunder and such sum reupon be d~e arid ~ payable on the d o the ne:t monthly paYmem and each successive momh thereafter untl mortgagee shall notify mortgagw of a e in such j am sums shall Ix applied by mortgagee toward the payment of real property tsxes, insurance prem~ums, and mortgage guaranty ins i , IN WITNE55 WHEREOF, the ssid MORTGAGOR hss hereunto set his hand ~nd seal the day and y fint aforesaid. ' ned. Se+ and del' in the presence of: ~ (5e+q i ~ • ~-p-~1~~W1/ (Sea~ ~ ~ n"~ STATE OF FLORIDA ) " • _ c~~ ~ St. Lucie ~ , Befwe me persa?~Ily appesred Leo C. Weaver Mildred L. weaver his wife, to me well known and known to me to be the Individwb deuribed i~ and who executed the fore9ang instrumem, and adcnowledged before me that they executed the same Eor t!?e purposes j rherci~ .xpressea. a~d rhe said Mildred L. Weaver ' wife ot tF~e said ~0 C• W@aV@Y , upon • sep~rate ~ed privats r e:aminatron by me taken separate and apan from her said husband, xknw~edged to and befwe me tiwt she executed said instrumeot freely and vol~rn ! rarily and without aryr computsion, comtraint, apprehensEony~ or feu of or from her said husband. , WITNESS my hsnd and offici~l teal thii ~it~' day of ~ A. D. 19 68 Notary I'K in ~nd iw tl~e qte of Fluida at large ~ ~ tt~r~m To: FILEO AND RECORDED My e ~u~ expires: ~q 7~ ~ Fint Federal Savings a ~ ~1ffw~C0UNTY. ~tA. ' Of Fort Pierce. t~[.(~~ +~~,-.~f --,~0 ..-.,~:~~4; . kotary Pubiic. State ol Florida Fort Pierce, Florida ~ ~aS`+~ ' , i ° ~ ` ~I ~m~nission Expu at L~re~ s es A++9• 6. 1931 y'~+eEaaG~y~ - ~ '68 JU! 3~M I I: 0 ~ r- ~ ~ _ ~ re ared by ~2~'~ . This instrament p p :r_ ~ f' st deral Sav. &;lga~~I~sn.ui7R:,s , _ - ~ _ of Fo C RCUIY COURT B • _ y.r..1. . . . . ' - BUOf( ~ j~ #'d~f ~Q ~ ; ! f - w - - - - - - ~ ~ . . : ~ .