HomeMy WebLinkAbout1886 • ~ f, _
S. To pl~a and continuousy kap on th~ buildinps now or hKwfhr ~itwt~ on ~aid land aed on ~II eq~ipnwnt ~nd p~nonally cownd by thl~ morp~
ay~„ with ~11 pr~mium~ tMnon p~id in futi, Nn Gawanc~ in tM usval ttardard policy form. In • wm ipp~owd by tl~ N10RTGAGEE, and wi~lorm
trqur.~a In N,. utwl st•ndad Polic~? fonn, in ~ ~wn +pprowd by tM MORTGAGEE, in such cornpany or oompan~.s a Ih. MORTGAGEE n?.y
dinctj ~nd aU fin ~nd w'mdswrn? Gaurana polkNa on u+y of uW buildi~p„ ~ny ioNrnt ther~in a pwt thuwf. In th~ a~.spah w~a afaesaid or
In uco~a tha~of, ahall contain tM vswl standa?d matp~ dwa or wd~ otMr cl~us~ as tM Mat9a~N m~y ~puin. m~kinp tFr loa undu said pol~ '
cies. sath and ~wry. p~Y~bi~ to said MORTGAGEE ~ in ~+~.rar n+ar ~p.r. N~d NtA and ~vNy wch poliq ~lull b. womPth? ass:y~.d .nd d•liv.r.d ro ~
~ny Mid by aid MORTGAGEE a furtha wcwiry ro wtd monyay~ debr, and, not ba~ ~han ?.n (10) days tn ~dvanu of t!?~ ~xpkaYae of tach policy, ro dw j
IivN 10 ~aid MORTGAGEE a r~w~l tMr~of. toqahu with a nc~ipt tor th~ pnmivm of ~vch r~nrwali and ~hen sMll b~ oo fu~ a wi~tam in~w~
plapd on ~ny of s~id buildinps, any interat tMr~in or put thKwf, unl~as tn tM fam u~d with th~ bss p~yabl~ a~fonrsa{dj ar~d tn tM ~wnt aMr wen ~
of +rwMy bscoma p+yable w~der wd~ polky w polici~s s~W MORTGAGEE sh+ll Mw th~ option to ?eceive u~d ~ppy tM sam~ on accow» of tM ind~bred~ ~
o.ss ~scw.d h.r.by o. a p..mi~ said MORtGAGORS ro reaiw a~+d vs. it a aoy pan Mer~of fd other pu~poses, witlw~t thaeb/ waivi~~ ot impair•
~^o +nY ~4uib. ~i~n o? riphl w+d~r or br virtw of Mds mortQapet and in t?N ~vMt aid MORTGAGORS shail fa ~ny r~ason fail to keap the aid pna?ises so ,
inwnd, or fail b deliwr promptly aoy of wid poliaes of insw~no~ W wid MORTGAGEE, a fail promptly to p~y futly ~y premium therefa a k? ~ny
resp~ct fail 1a paform. d'iichu~. OXlCUf~. ~HK?. oomplet~. aanph? with +nd ~bid~ by thts covK?+ot, or aay part her~of, said MORTGA('sEE may plao~ and t
WY ~ i~d+ 1mv++ncr w aiyr p~rt tMnof withovt w~hrinp or ~ff~ctinp a~ryr op~ion, Ikn, puity. or ripht unde? or by vi.tw of thh Mon9sp~. aid tM
full ~mowq of ~ach and ~wry such p~ym~nt ah~ll b~ imn~djat~ly dw ~nd pay~bl~ ~nd sh~il bs~~ k~terest kan tM dat~ theraof until paid ~t tM ~at~ ol
nins p~r unwm pw amum ~nd topsths~ with wch int~rest thall b~ ~ecured by tl+e lien of this marlp~pe. ~
4. To p~nnit. ~t a wifa no wat~ lmp+km~nt or deterior~tion of ~aid proparty o~ u~y put the~wf. ?
5. To piy ~11 N+d sir~ul~r tM oat~„ ehar~ ~nd ~xp~ns~ti inclvdinp • ~eswewbls atto~r~ey's fe~ aod aosfs of abstt~cta oi titl~, incuned or p~W ~t i
any tirn~ by wid MORiGAGEE, Mtaus~ or N th~ ~wnt of tM failuro on tht p~tt of tM wid MORTGAGOR to duly, promptly ~nd fully pKform, disch~r~, i
execub. effsd. aompi~tf. comply witl~ and abidt by exh and ~wry th~ sripulation~„ p?eemenh„ conditio~a, ~nd aownanb of said promissory not~ and thi~ `
mort9ap~ +nY or ~itM., and ad cwts, dwpes ~nd ~xp~nsy, tach u~d ~wry, sMll b~ immediately dw and payablet whNher a not tM.~ b~ noria ds
msnd, ~ttempt to oolisct o~ wH p~ndinpt and tM fuli anaunt of ~xh and wery wch payment shall bea. inrere~t from t!r dar~ tl~ecf w,til pakl ~t tM i
rate of nine per pntvm per annwn; snd all wid oosn, ch~~~ and ~xpenses inournd or paid, topethe? with such i~?t~nst, ~il b~ secured by th~ lisn of tha
mor~9+p~-
b. Th~t in tF~ ~v~nt of any breach of thb Mat~pe or d~fault on th~ part of tM MORTGAGOR, o? (b) in tM ewm ~ny of saFd svrry of mwiey
heree~ nfa~ed to be not promptly ~r~d fuily paid within thirty (3p) days n~xt aNer tM ssme seve~ally betane due ~nd paysbl~, witiwvf dxn~nd w notics.
or (~J in tl,e ~vent each and ~very tM stipulatioen„ pr~ema?ts, cood;tioeu and coven~nn of ssid promiawry note and this mortp~ye any or ~itiw u~ nW
iuly. Ixa^PNY and fuNY P~d. disd~arped, exec~Nc~ ~ffected compkted, conM~li~d wifA and ~bided by, tMn in ~ither w a~y wch ~wnt tM said a~
preg~te sum m~ntiwied in said promissory not~ tMn remaininp unpaid. with interwt ~cuued, and ~II moneys :ecursd he~eby. a1u11 bec~oine dw s~+d p~Y
able forthwiNy or theresfter. ~t tiw option of said MORTGAGEE, ~s ivly and compt~tely ~s if ail oi the said wma of marNy wero aipirWllr uipulated
to bs paid on wd~ day, anylhin~ in said prqeisapry ~wte or In this Morty~pe to 1M contnry ~otwithst~ndinp; and the?eupon or thereaher at tM optioe of
said MORiGAGEE, witlww ootice or dsmand, wit ~t aw or In puity. tMrsfon a thereafte? beywy may be prose~~ted q if a(1 ma»yt s~wnd hueby :
had muurad p.ior ro in insrirurion. ~
i
7. 71wt in the ~vent that st the beyinnirg of or st any Yw?w p~ndiny ~ny wn upoo this Mwtgags. or ta foredoss H, or to rofonn it, or to enforp
payn~ent of any ds'mv hereunds?, ~aid MORTGAC,EE sMll apply to the Court haviny juriadictiw~ thereof for the appoinm~ent of ~ Receive~. such Cou~t ~hsll
forthwith ~ppoint a receiver of said morfysped propa~ty all ~nd sirgvlar, ~ntlud,nQ a!! ~nd singvlar the income prof;ts, issues ~nd rwenues from whahver
sourc~ duived, each and every of whkh, it beinp ~xpressly understood, a hereby mortgsged u if specifiully set forth and dewibed in ths ~ant' snd
habendum clauses hereof, snd such Receiver shsll Mw all tht bro~d x?d effectiw functans +.~d ~
powers in anywiie entrvsted by a Court to ~ Rsceiva, u+d ~
such ippoinrment shall be made by wch Caxt as an admitted aqviy and a maner of absol~te right ro s~id MORTGAGEE. u?d without refererKe q th~ ~
adequ~cy p in~deqoacy of the wlue of the property mort~~ed or to tFn solvency w insotvency of said MORTGAGOR w the deferd~nts, ~~d tMt wch ~
renrs, profits, irKane, iss~es snd revenues ~all be applisd by wd~ Receive~ aaordirg w the lisn a~qv;ty of ss;d MORTGAGEE and the practics of wch
Court. .
'w e. t
8. To duy. promptty and fulh? Parfom+. disd?~rye, execute, eftect, comPk~e, oanplY witb and abids by ssch aod every the stipulations. +p~eaments. I
conditaru and oovenants in seid promissory oote and tha mortpsps set forth. • • c
9. That in ths event the ownersh;p of tl~e mortyaped pren,;se~, a any part the.eof, becwnes vested in a person other tl»n th~ MORTGAGOR, th~ j
, MORTGAGEE, its wcoeuws aed suiyns, msy, without eoYica to the MORTGAOR. deal with such wctessw a autcessor in interest with r~fere~ce to tha
^'w~y+9~ ~nd the deb~ he~eby secwed is tFN sam~ manner as with Nbrtgsgor without in any way viti~tLg or discharyirg the 1Nortyagors• li~biJity herr
under w upon the debt hereby secured. No s~le of the premises hcreby nw.tqaged aod ea fwbesance on the part of the MORTGAGEE p ib suaesson
or auigro snd no extension of the time for the p~yen~nt of tM debt hereby secured 9ive~ by tF» MpRTGAC,EE or iri sucoasors or ass;yrq, sMll oparate
to rekas~, dischar~e, modify charye or affect the origenal iiabitity of tl+e N10RTGAGOR heroiry eith~r n~ whols or in put.
10. It is specefically agreed that time is of the essence of this ooetract u~d th~t no waivar of ~ny obligsYwn here~nder w of tht obliyation se- `
cured Mteby sMll it ~ny time tl~ereafter be held fo bs a w~iver of ths terms heraof or of tM instrumeet secured h~rby,
add~tion to the forego:ng monthly psyments of princ:psl and interest required by the prom;ssory note secured hereb , mort ~
and rees to Y 9+90? cove ts
a~ pa ee with exh monthly payment an ,~dd;r;onal wm estim~ted by mortg~gea ro b~ eqwl to 1/12 of the o t e fdlow-
ing:
t
A-All teal property tsxes kvied w assessed aga~ ibed r .
B-premiums on fire and wirxlstwm inwrance as herein r tar im ovemenq sitwte pt the above dtstribed prtmises,
C-Premivms on such mort9age 9wran ' . as mwtgagee shal) from t~me to time deem on the loan secured hereby.
Mwtgagee shall from ti notify mortgagor ~n writing of the amount due and psyable hereu~der and s~th wm a4H ~n be d~e and
payabk on the du~t~la~e-Sfth~e n~extt munthly payment and each suocessive month tl?ereafter until mortg~gee sha11 notify mortgager of s a ' uch
amovnf. ~ch~twns shall be applied by mortgagee towud the psyment of real property taxes, insurante prem:umz, ~nd mortgage ~wranty inwr~ '
~ums. ~
IN WITNESS WHEREOF, the said MO 1GAGOR has hereunto set his Iwnd snd sea( the day and year fint sforesaid. ~
f
Sipne Seal d snd e!i F t pre~ of:
S ~
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i - r`.p. „+~n ~
--n ~
STATf Of FLORIDA ~ •
COUNTY OF S t• L i1C 1@
e.ro.. P.,,a„uy ,~.,rod Sdwin S. Ca?shwell ~
Pat~icia Gash~rel~ w~e ro,~ weu k,~o~ .,,d k~ m,~. m~.
the individwb dacrib~d in ~nd who executed t!a for~yoinp instrum~nt, rd adcnowled~ed before rn~ tMt th~y executed the s+m~ fw th~ purpo~ea
?r,~..~, .~.,,.d. ,4,a Patzicia Cashwell ~
w;r, ,f ,i,. ~.~a Bdarin S. Cashwell
upon . sep...t. .nd p.sv.a
e:am~nation by ms ta4e~ sep~rat~ and ~A from har a~id hwband. ~cknowlydped ro~nd b~foh mt th~t tM execvted atid kaburns~+t.fr~+ty ~rd wkrn-
arily and withoul ~^Y oompv~+ion, oonst~aiiM. ~PP~~~fear of or frwr~ iw said lwrsb~ed.
wITNESS my hand and offia.l Hal thia s- d~r of h
, I?.,D. 19~~
. fl pN0 RECOY~F
~P•• r,a..r wa~ u+ .~a ra N» s~,h .~:Fb.- ~ ~ ~ . , -
d+~y+" i.ro. -
R~~ To~ 7~t'` C1E• GpUN
FtEp My ~~~on ~xa?ea: ~r~
Flnt F~ral Savinps i loan ~,~.~?~cCOR~ ~ aOiA~y ftliLlC. =TATE OF ;
t76~ 1NY COMMIUlO~ EXPIRES DEC• +
~f FOft Pit~tl. ~ ~ pNpEp 7NROtNlt rRED N1. DIElTt< ,R}~: .
~ fOff PiKOl. f~Of1~ • ~ .
~ ~ . '
t~ ;12-3-~1 ~ ~ -
*69 ~c„~,. ~fp ~
This instrument Prepered B~i~ ~R ?0~ COURTi ~
F+rst Faderol Savings b loan Assoc~~IRCVI
of Fort Pieroe CI.E .
Chedced By R • Kaves
8~~76 ~i~
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