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HomeMy WebLinkAbout2432 ' T~ i a ' ' ~ . ~y ~ ~ 1 .1~ j°i 'e+ t S. To plac~ and continvously kNp on tFw buildi~ps now or M(NNH i1fWf~ OII f~W INIfI a11d Ofl aII ~f~U1ARNf11 ~I1d Pt?iOI1~Iiy COV~fKI by 1III~ f110f1~ ap~,, wlth ~D pnmlwtq ther~on p~id in fvll, fin Insuranu in tM ~ausl standard policy form, in ~ sum ~pprowd by ~M MORiGAGEE, ~nd windstorm irawana in 11w uswl staoda.d policy fum, in • wm approved by tM MORTGAGEE. in wch company or compania as th~ MORTGACsEE nNy dirKiJ ~nd atl ftr~ ud win~rorm inwrar~n polkiss on any of said bvild~rg~, any inq~~st tMr~in w pui tMrwi. in tl+~ +pqreyat~ wm ator~sald w io ~xps therwf. ~hall cont~G+ 1M uwal s~andud mort~sps~ clsus~ ar such otl~sr clau~ ~s tM Mutya~ maY roqvK~. m~kinp tM Iws vndK said po1F cies. ~st,ti and ~vKy. p~Yabl~ w taid MORiGAGEE a~ in ioterKt may ~ppaar. and each and ~ve~y tuch policy shaA b~ promptly asi:yned and dslivsr~d ro +ny Mld by wid MORTGAGEE as tvnher security to said mwtps9e debL and, oot ku than ten (10) d+ys in advance of tl+~ expiraYan of each pol'~cy, ro d~- live~ to s~id MORTGAGEE ~ renew~l the~eof, topethsr wiih a receipt fa ths premium of wcA renewalj and lhsn shali be no fire w windstam ~nw~anu ptaced on any of qid build'u~ps, any Fnte~su tMrsin w~rt ths~eof, vnleu in ths fo?m and wi~h tM lou payable a atw~s~ids and in tM ~vent aeqr ~wn of mon~y becornea payapl~ ~nxla wcl~ po~ity o~ po~ic;ay s~id MORTGAGEE ihall Mve ~he option to receive a~+d ~pply the same on +ccounf of th~ indebted- ness aacw~d Mrtby or b permH ssid MORTGAGOtiS to rettiw ~nd us~ it o? any part tAereof fa orhEr purposes, wi~Vwut thaeb/ waiviny u impair- lnp ~ny puity, UM or ~ight u~ or by virtw .~f this mortya9ej and in tM evenl taid MpRTGAGORS sAall fw u~y ~eaion fail M keep the s~id pr~enises so insured, a fall b d~liwr promptly ~oy of said policies of insurante to said MORTGAGEE, w fai( promptty to pay fulty ~ny prtmium therefo~ a in anr reipect fail w p~rforn~, dischar~s, ~xecvte, effatt compkts, comply wirh and abide by this covenant, or ~ny part heraof, ssid MORTGAt',EE m~y pt~ ~nd P+Y fa such Insw+nw a aoy part thKeof without waivb+p ot affetiing any option, lieo, equity, w right under or by virtw of thit Matpaps, aed tM full unouM of tach ~rd w~ry such payment sh~ll b~ immedistely dve and piyabk ar+d shali bea~ inlerest from the date theroof until paid ~t the rat~ oi ~ nirN pK unWm per ~nnum and topether wirh such ime.est :MII be secured by ths I'~ of this mortp~ye. 1 1. To pKmit, oommit or suffer no wute, imp~erenent a dete~'araYa~ of said property or u~y part thereof. ` 5. To p~y ill and tinpul~r the cosy, cMrges and expenses, iocludiny ~?easonabk attomey's fee a~d costs of sFstracts of tifte, incwred o~ paid at ~ sny time by said MpRTrsAGEE, b~cavse or in t1~e eva~r of rAe failwe on rhs pan of ~M said MORTGAGOR to duly. promprly snd fully ps~form, d~s~+r~ ~ ~xec~t~. ~ffM. complet~. tomply with snd abick by each and every the stipulations, egreemcnts, conditions, a~d toverwnts of said promissory note and tha ! mat~ape sMr w eithe~. and taid costs, chuqes ~nd expensea, e~ch and every. sl~ll be ime~ediately dus and payable; wheths~ w not ther~ bs no?ic~ de~ f mand, a»empl to collect a wit psndiny: and tM full amo~rm of each and every wch payme~t shall bear imerest from the data thereof unHl p~id at ti+e . ?ate of nin~ per centum pe? annum; and all said coats, charges and expenses intvrred or paid, together w~th such Interest, sMll b~ secured by ths lie~ of tha ' ^~q+~ 6. Thrt in the event of any beach of this Nbrtyage w default on the pan of the MORTGAGOR, or (b) i~ ths eve~t ~ny of said wms of money herein r~ferred to be not promptly and fully p~id within thirty (30) dsys next after the same severatly becwne due and payable. withwrt demaru! o? notice, or in tM ~vent each uid every the stipulations, agreements, conditions and cove~snh of sa;d promiuory note and th;s matgsge sny or either ar~ no1 ~uly, prompNy and fullY perfwmed, discharged, executed. effected, completed, complied with ~nd abided ~iy. the~ in eitF~ or sny such eve~t tM u'aJ aQ~ gregatt sum mentqned in s+id promiuwy note then remaining unpaid, with inrme:t acuued, and all moneys secured herebY. shal! become dve arwl pay~ able forthwitF~, or thereafter, at tFa option of sai~ MpRTGAGEE, as fully ar?d completely as if alt of the said wms of money were orginally stipulated to be paid on suth day, anything in satd promi:say note w in this Nlortgage to the contrary notwithstanding; and thereupon or thereafter st tM option of iaid MORTGAGEE, without notice or demand, wit at law or in sqv+ty, the~efore w thereaftd beguq, may be proset~ted u if all mw~eys secvred hareby had mawted priw ro its iratitution. ~ 7. That in the eve~+t that at the beginning of or s1 any time pending any wit upon this Mortgage, or to faeclose h, w to roform it, or to enforoe payment of sny claims herovnder, said MpRTGAGEE shait apply to tF~e Co~rt having jurisdiction thereof fa the eppointment of a Receiver, svch Courf shsll fwthwith appoiM a reteiver of said mortpaged proQerty ~II ud singular, includ~ng all and singular fhe income. Protin, issues uid revenues from whatever source derived, each and every of which, it being expreuly unders~ood, is hereby mortgsged as if specifica(iy set forth and de:cribed in the p~anting and haber~durn clavses hereof, arxJ svch Receiver sbsll have all the broad and effective funct~ons and powers in snywise entru~ted by a Court to a Receiver, snd iuch appointment shall be msde by wch Court u an admitted equiry and a matter of sbsolute right t4 said MORTGAGEE, ~nd without reference ro the ~ edequacy p in~dequacy of ihe wlue of the property mortgaged or to fhe soMency or insolvency of said MURTG/4GOR w the defendants, and that such rents, profiri, incdne, iuues and mvenues sAalt be applied by svch Receive? according to the 1'ien pr • of :aid MORTGAGEE and the practite of such Court. - 8. To duly, promptly and fu(ly perform, d'ncharge, execute, eNect, cor~plete, comply with and abide b~r exh and every the slipulations, agreems~ts, condrions and covenana in ssid promasory rate and this mortgage set forth. •L _ - 9. ihat In the eveM the ownenhip of the mortgaged prcmises, w any part thereof. becvmes ve3ted.in • person other t{?sn the M08TGAGOR, ths MORTGAGfE, its svccessors and assigns, may, without notice to the MORTGAOR, dcal with such suctessor ~or successor in interest wirh reference fo fhis mortgaye and the debf F~e+eby setured in the same manner as with Mortgagor without in any way ~itiating p dixhargi~g fhe Mortyagon' (iability here- under or upon the debt lxreby secured. No sale of the premixs hereby mortgaged and no forbearance on the paA of the MORTGA.GEE or its succeuors or auig~n and no extension of the time for the payment of the debt hereby secvred giveo by the MORTGAGEf or its svctessoq w assigns, sh~11 operate to rskase, d"~scharye, madify change or affect the wiginal liability of the MORTGAGOR herein, tithcr in whole or in put. 10. It is specifically agreed thst time ia of the essence of this contract a~ that no waiver of any oblgation hereuoder pr of the obligation ~e- cured lwreby shaq at any t~ne thereafter be held to be a waiver of the termt Atrrof or of the inst~ument secwed he~by, in addition to the fwego:ng monthly payments of prirx'pal artd inteiest ~equired by the promissory note secured hereby, mwtgagor coven~a~n and agrees to pa a ee with each monthly payment an addirional sum estimated by mortgagee ro be equal to 1/12 of the annual cost of tF fwv- irx~: - A-All real property faxes kwied or assessed agai. ribed rea! estate. B-Aremiums on fire and windstorm insurance as herein requ~red to be carri te on the above desaibed premises. C-Premivms on such mortgage gwranty insurarce 11 from t;me to time deem fit to carry on the ured hereby, Mortgagee shall from time to f' mortgagor in writing of the amount due and psyable hereunder and such wm shall the be d~e and payabk on the due da next monthly paymert! and each successive month thereafter ur,til mortgagee shall notify moHgagor of a cha such amount. shall be applied by morfgagee toward the payment of real property taxes, insuraece premEums, and mortgage guaranty inwr IN WITNESS WHFREOF, the said MORTGAGOR hu hereuMO set his hand and seal the day and year first aforcsaid. Si9nad. Se~kd and delivered in the presence of: I `%~/Ji1~ ~;L_ %'7 (Se+q ~ t rc.~q SiATE Of FLORIDA 1 courrnr oF ST. UJCIS ~ u- ~fa~ n,e a„o,,,~lys ared Frank L. Andrews PaullIle G. ATlal'~w8 his wife, to ma well krwwn and known to me to b~ the Irwlividwb described in ~nd who execvted the fue~oinp instrvment, ar?d ~cknowleclged before me that they executed the sams for tF~e purposes rr,~«~ ~,~~a, ,4;d t~ Pauline G. Andrews wifs of ths ~aM~~ •.t.ua,; ~~k L. A~td1'ews v~wn a ssparste and private examin~tid~1~ ~ mef~t +yqpsnte and apan from her ssid Iwsband, ~ged to s~d beiwe me that she executed said instnrment freQly and volvn~ tarily ~iid ~~p.~~Dw6olsip~, constraint, apprehaa~ioo, or fesr of or from Mfr s~! husbsnd. a~y ~ F ruar ,F+b~n3,C~i oEf'Kist aeal thi~~( day of ` Y o. ~q 69 : ' ~•tsy~:: ; . ; ..o . • . =:~--:~~~~~tp'~±'~z~"~ ' FILED AND RECOROE ~ = 9Y ;~'~Z- ST. LUCIE COUN?Y. FLa: s'ry Pubtic .~,d ia r~ s~,r. of Fb.~d. .r " C'~: RFCdR~ V~ D N?r Commiss~on e~res: - ~ ~ ~ p.~ S+~ Mot+ry Po6~ic. Stsle o1 ~lorid~t ~t la~e P~!~4; ~i•~`•`_~'~' As~ocNran ~••••e~,~~ l~ Mr e~~ ~ s~e. t9~ ":.;Fo., •69 FEB I 7 PM 2: 56 ~ G. ~ ~ This Instrument P~e red Bx~ ~HOGE!'R POITRAS First Federal Savings d~ loan Assb~'i~/~~ ~~RCUtT COURT: ~ of Fort Pierce Chedced gy John W. Collins 0 8 t'~' BOON ~ 75 PACE~4,G8 ~ ~ - _ ~ ~ - _ _r_