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HomeMy WebLinkAbout1751 ~ ' ~ . ~ ~ : ~ _ . ` S. To plac~ and contkwovsly kt~p on ~M buildinp~ ~w~w a h~r~ahN ~itvaN on uM land ~~d on +il equtpm~et u+d pKtaully cov~r~d by thit ma?¢ •p~, wi~h al) pnmiumt ~henon p~id in full, (ih Guur~nc~ in tM ~swl srandard policy forny in a i~m approwd by tM MOAtGAGEE, and wlnd~rorm inswux~ in tM uswl ~bndard polity form, in a wm approv~d by tM M4RTGAGE~, lo wcA camp~ny or compani~s as dw MORTGAGEE may ~ dk~ctj ;+d ~II fin aed winib~orm inwr~ polkiy on ~ny of a~id build~np*, any Inarat thsrein w pan tF~wf, in tM p~~pa~ swo do~~s~td or !n ~xaa thK~of, sMll contain the ~wal standud mortpa~ clws~ w wcl~ otAu daa?Wr u tM Mo.lyape~ ,nay nqu~r~. m~kina the Iwt und~. s+id pol4 cies. each anel ~vNy. p~Yabl~ to sak) MORTGACsEE u ib iM~re~t maY ~ppw. and ~ach and ~vKy a~ poiicy aMll M promptly u~:~n~d ~+d d~livered ~o any MW by wid MORTGAGEE as furtha Ncvrity to aid mutpay~ debt, and, eot Isss tl»n ten (t01 days in ~dvance of tM expuation of aach polky, ro da IivN to Nid MORTGAGEE ~ ~~newsl th~nof, topetMr with + ~ettipt fa th~ pr~mivm of wch r~new~lj and then sMll b~ ~o fa~ a windstam inw~~nc~ plac~d on ~ny of said buildinps, sny te~e?~at tMr~ie w put ther~of, vnkss in tht form and with 1M lots payabl~ as ~foreuid; ~ed in tiw ~vent ~ny sum of ~ew~Ny baom~ payable under wch poliey a polici~s sak! MORTGACEf tMll haw tM oprion to recei,n and spply tM ssmi on account of ~M ind~bted~ neu wcvr~d Mr~by a to parmit ssid MORiGAGORS 10 ~eiw and wt it w a~y ps?f thereof iw other p~?rposet, withwt lhereb/ waivioy o~ ~mpair• inp ae~y puity, (iM ot ripi~t unds~ or by vittw of this mott9~pej and io tM tvent siid MORTGAGORS shall fot aey reeton fail to ketp ths s~id p?smtses w insurd, a f~Il fo dttivK p~omptiy u~y of said policFss of inswanu to said MORTGAG~E, or fail promptly to p~y fully ~ny premium therefo~ w fe ~ny respect f~il W p~forn~, dixMr~e, ~xaevt~. ~ff~ct, complet~, comply with ~nd ~bid~ by this coven~nt. or ~ey paN htreof, said MORTGAGfE m~y plaos snd paY fa wd~ inswanct a any part tMreof witFwot watvinp or ~N~ctinp any option. Nt~ equiry, or r'pM unda o? by virtw of this Mo?ty~p~. ~nd tM full arna~nt of ~ad? ~nd ~wry wch payme~?t sMll b~ ~mm.d~a~.y dw •~d p.r~bi. aed shsll bear tntHest f~om 1M dats thereof until p~id ~t tM rat~ of nins ps~ centwn p~r ~mwm and topether wifh s~ch interest sFwtl b~ secwad by tM li~n of this mortgs~e. 1. ?a pKmit, canmit or wffu no wute, fmpa'umcnt a d~taioratan of ~aid property w~ny parf thereof. 5. To pay dl ~d sinpular N+~ costs, cl~arpes ~nd ~xp~nses, includirp a r~awnsble a»we~ey's f~e and cost~ of abstracts of title, incuned or paW ~t sny time by s+id MORTGAGEE, b~ca~se or ia ths ewnt of the faiivm on the p~rt of ths said 1NORTGAGOR to dvly, prompry and fully perform, dcicha.pw e~cecute, ~fiect, oanplNe, c~omply with a~d ab'~ by tad~ and evary the stip~lations, ~prea.nents, conditia~s, and core~snb of said piomissory note and this mo.f9ape u~y or a~hsr. and wid costa„ ch+r~s snd ~:penses ~ach and ~wry. sh~ll b~ immadiately due and payabla: wl+ether o~ not ther~ b~ notice da mand. att~mpt to collect ot wit psndirgj and tM full arta~nt of ~ach and way wch payment sh~ll bea. i~terest from ths d+t~ th~reof until paid at the rare of ni~e per pnwm pa~ amwm; and ~II aaid coits, chuQes and expanses inau~~d or paid, toyNher with such intaest, sh+ll E~ s~cured by the lien of thb . 6. Th~t (a) in the ~veet of any br~ad? of Mis Mortys~ w defavU on tM p+n of the N~ORTGAGOR, or (b) in the event uiy of said wms of nwn~y he?ein roferred to be not promptty and fully p~id within th~rty (30) days nex~ after the same seve~ally become due and p~y~ble, without d~m~nd or noYice, or (~J tn tM event e~ch and every tl+e stipuktio~n, ~graemeon, conditions and covN++nts of s~id promissory note and th~s mortys9c any u e7ther aro no1 i~ly. prompNy and fully paformed, d'acM~ed. exaated, effected, completed, compt~ed with and abided by. then in either w uey ~uch w~n1 tFr said a~ gregate wm menria~ed in said promiswry note then ~anaininp unp+id, with interest acuued, and all moaeys secvred hereby, tF?all becon» dw and p~y~ able forthwith, a thereaher, a~ th~ option of said MORTGAGEE, u fully and comple~ely ~s if ~II of the said sums of ma~ey wert aiyinallp stiput~ted to be paid on wch day, a~+ything in ssid promissory note or in tha Mwt9age to fhs connary »otwifhsanding; and thcreupoe or thereahe~ at tM option of ~nid MORiCaAGEE, wifho~t ~otKe w dem~nd, wit at I~w w in equity~ t~flFOff O? 1F1lfNfiN bayun, may be prwecvted u if all moneya secured hereby had m~tured prior to ib institution. 7. That in the everit fhat ~t the begirx?irg of or af any tima panding any suit upo~ thu Nlwtysge, a to faeclwe h, or to roform it, w fo enfwa paymeiet of any daims hereuoder, said MORTGAGEE sF?~II ~pply ro the Court h~ving ivrisd~ctio~ thereoi fw the sppointmsnt of ~ Receiver, wch Court sh~ll Forthwith appoiM a recciver of said mo~t~sged property all and siny~lu, includ~ng all and singular ths ineome, proiits, issues and revenue~ from wl~stev~r wurce derived, ead+ snd every of which, it beinp exp~cssly undesstood, a hereby mortgaged u if specifically set fwth ~nd dewibed in the yramir+y snd habeodum clavsa hereof. and wch Receiver shall 1?ive ~11 ths broad s~d effective fvnct~au ~nd powen in anywise entr~sted by a Court to • Receiver, ~nd such sppointment shall be mads by wch Cowt as a~ sdmitted equity aod a metter of absolute right fo said MORTGAGEE, and without reference to tM adeq~acy a insdequaty of tM wlw of the properry mwtg~yed or to tF?e wMency w insolvency of s~id MORTGAGOR or fhe defend~nn, and ~hat such renn, profin, income, iuues and revernres shall b~ spplied by such Receiver ~ccwdinp to the tien or equiry of wid MORTGAGEE and the practice of avch Court. 8. To dvly, promptly end fuly perform, d'ischarye, exewte, effect, compkte, oomply with snd sbide by ach ~nd wKy tM stipukYwns, ~greemenb, cond'niorq srd covenants in said promissory note ~nd this mortyage set forth. 9. ?h~t in the event the ownership of the mortgsyed premises, or any part tFrcreof, becanes vested in ~ person other than fhe JNORTGAGOR, ih~ MORTGACsEE, its suctesson and assigns, msy, w;fhout notite to the MORTGAOR, deal with ivth svtcessor w svccessor in iMerest with referente to this mortyspe and the debl hereby secured in the same msnner q with Matgaga without in ~~y way vitiatieg a dixharging the Mat~~gon' liability hera under or upon the debt hereby secured. No ssk of the prcmises he~eby mwtgaged ar+d no fwbeuance on the pan of the MORTGAGEE w its svaeuors or auigns and no externion of the time fw the payment of the debt hereby secwed given by the MORTGAGE~ oc in sucoessws or assigns, shall operat~ ro rekase, discharge, modify ch~nge or sffect the original 1'wbiliry of the MORiGAGOR herein, eithsr in wFwk o? in put. 10. It is specif'rcally agreed that time is of the essence of this contr~ct end that no waiver of any obl;garion hrrevnder or of the obli9~tion se- cvred hereby ah+ll st sny time thereafte? ba heW ro be a waiver of the terms hereof or of the ir?strument secured herby. .1.1. In add~ian to the forego:ng monthly paymenb of prirx:pal and iMerest required by the promissory nore secvred hereby, venanb and agrees to pay to moctgayce with ~ach monthly payment an additanal sum estimated by mortgagee to be equa! t annua! cost of the follow- 'n9= . A-All resl property taxes kvied w assesud against t~ie i ate. B-Premiums on fire and windstorm i~suranoe as herei~ ' o be c' n the improvemenb sitwte on the above desuibed premises. C-Premiums on such mortgage gwran nce as matgagee shslt from time to t~ ~ n fit to carry on the ban secu?ed hereby. Mortgsgee shatl from ti me notify mortgagor irt writing of ths smount due and payable here sr_~ such wm shsll thereupon be due end payable on the d o the next monthly payment and exh successive month thereafter until mwtgagee shalli3ri rt agor of a change in such amovn sums shall be applied by mortgagee toward the p~yment of real property tsxes, insvranoe prem:wns, and morig r~nry inwnnce mivms. IN WITNESS WHEREOF, the said NI~~TGAGOR Ms hercunto set his hand and seal the day snd yesr P~rst sforessid. Sipned, led and d iver t presence of: a~ ~ n n STATE OF FLORIDA 1 CoUNTY OF St . L uc ie ~ ~ before me panaally appeued M. Everett Burke T.llllall F. Burke his wife, to me wefl known snd krawn ro me to be the Individwb described in u~d who t:ecuted the faeQoi»D instrument, and ~cfcnowledged before me that they executed the ssme for the purpo~es rtureFn ~xp.essed. ~end rhe sa~d L illian F. B urke w;f, ~ M. Bverett Bwrke „por, ,,ep,.,r..nd P.;v,~ examuNt7on by me tsken sep~rate and ap~h from her s+id Fwsband, ~dcnowledged to and before me that she executed said instrument freely and volun~ tarily u?d without any aompulsion, co~atraint, apprehe~siae, a fear of or fran her said husb~nd. WITIVfSS my hsnd and officid aeal *~+N dsy of A ril A. D. 19~4 • sry Public in ar?d fw the State of Florida ~t larye Return Ta . ,...~~~.u...~ My COmftfiifiOrl l7tpi~lL• ~{Ot~ ~I~[. S~! 0+ AOlfdi i~ ~.il~! r~ rroa~..i s.,?~„~. a ~ ~~r~, ~ ~ - Of Fort Pierce. f. ~ fAy CoeiwKS+on Expires Se~. 23. 19bS Fort Pietce. Florida . r,J • {eNN b A~w(cw Nw i Gw~? G. ~ ` . ~ J FILED ANO RECORDEO ~ ~ ST. IUCIE COUNTY~FC.A• ~ ~ ~ ~ • ~Fc~a~ ~1ER~ri~o This Instrument Prepared By . / t~IsA p~•~e ~ . ' - i ~+t7 / First Federal Savings b Loan Association t.'•.. t of Fort Pierce . ~~9 APR 3 P17 Z• yo Checked By n ~ xa~s - ~ ~ icOG`~R :•Ot7R.1S CL~RK CIRCUI7 COURT~ a~176 +~17~48 ~ . _ _ £ ~ 5 f - - x - ~ _ ~:r . ~ ~