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HomeMy WebLinkAbout0194 , + ~ , ~ Y' , ~ . To pl~a and continvously kNp on th~ buildi~ now or htn+fi~r sitw» on said land and on all equipment ~nd pKSOn+lly oova~d by thb morq~ ap~, with all prtmiums thereon paid in fu14 i~?sw+nu i~ ~M uwal standsrd policy form, in a sum app~owd bY tiw MORTGAGEE, u+d wie~Slam inswance in tM v~wl sundad pot~cy fom~, in • swn apprw~d bt? ~M MORTGAGEE, in wch company or comP+nles +s th~ MORTGAGEE n++y dindt ~+d ~II fU~ and windiwrm i~awana Pdici~~ on ~oy of saW b~ildinp~, any (nNnst tMrein or puf fhKeof. in tM aygre9+t~ wm afor~saW ot M~as~ thenof, shall contain tM usual sandud matpa~e ctws~ a such o~hK dws~ +s tM AAatpapN may ~pv'u~. maki~p t?w loss und~. aid po~1~ ciss, sach and wKy. p~Yable to taid MORTGAGEE as it~ inte~~st m~y app~+r. and each +~d ~vKY s~th Policy shsll be promp~ly ass:qned and d~livKed to ~nr Mld by wid MORTGAGEE as furrher secwity ro said moh~ay~ debt, and, not kss ~han ta~ p0) days io adv+aca of ths ~xpir~tan of wch policy, ro d~- liva ro aid NWRiGAGEE a renewsl ther~of. ~op~tha wi~h a roceipt for ths p«miwn oi such renewalJ and tF~s« sMll t» no f'u~ a windi~orm inwr~n:~ pl~ced on any of said bui~dinps. ~ny interast tMnin or put thereof, unless ln tA~ form ~nd wi~h tM loss p+yabt~ a afaes~idJ and in tFw ~vMt ~m swn of mo~y becan~s paYabl~ w+Jer sucl+ polisy a polici~s s+id MORTGAGEE ahall haw ths option to ~eceiw and sppty tM iam~ on account of tM ind~bted~ rwu ~w~d hK~b~r p to permit s~id MORTGAtiORS to ?Ktiw ~nd we it or u?y parl lhereof tw othe~ pwposes, witlwut thxeb~ waivi~~ o~ imp~ir- inp anr pvity. lian w ~iphf unde? w by virtw of this mortQayej ~nd in ih..ven~ s.~d MORtGAGORS shall fw any reaw~ iail ro k.ep ~hs s+id p.•mi~.s w insu~ed, w fail w delivs? pranptly ~ny of wid policies ot inswanc~ to said MORTGAGEE, or fail promptly to p~y fully any premium thsrefw a i~? any r~sp~c~ fail b pKiw~n, dixhar~s, ~xecute, ~ifect, complete, comply with s~+d ~bid~ by tAis corer+an~, w any pan hereof. s~id MORTGAGEE may pl~q ~nd paY fw wd+ irawar~ or ~ny part tl+Keof wi~hout waiviap or affectinp any opYron. lien, equity. or right under w by vinw of this Mo.tpap~. u~d tht full ~enouo~ of ~ach and ~wry such payment shall be immediately dw ~nd payabk ~nd shall besr interest from ths datt thereof u~til paid ~1 th~ rat~ oi n;ne pw centum par snrwm and toyethe~ w~rh such inrasst shall be secured by th~ I'»n of this mort9+ge• 4. To parmit, canmit or auffa no wsste, impa'uma?t w deteriwation of said property or ~ny p~?t thereof. S. To pay all and sinpvla the costs, ch~r9es ~nd ~xpe~ues, i~dudinp s reasonable ~nornsy's fee snd costs of ~bstr+cts of titk, incvrred or paid ~t any Y~me by taid MOR1GAGfE, beta~ae w i~ the ewnt of the failwe on the pah of ~he said MORTGAGOR ro du~y, pra++Pt~Y ~nd fully pafam, diuhu~, execut~, effad, compkt~, comply with ~nd abtde by ~+ch ~nd every the stipulat~au, ay~eanents, conditions, ~nd covenann of said promiuory not~ ~nd thw mortpape ~ny w ei~he~. and said cosn. chuges snd exp~nses, cach and every, sMll be immediately due and psyablet whether a not ther~ b~ notice ds mand, attempt ro colkct or wit panding; and tM fvll amo~nt of exh and every wch payme~t shall bear interest from the date the~eof ~til paW at tM rate of nine per ccntum per amwm; and all said tosts. chupes u~d expanses incv~red w pa~d, together with such interest, sh+ll be secured by the li~n of tFw ^rarp+p~• 6. Th~t (a) in the.went of any breuh of thb A6ortpsp~ or defwlt on the part of the MORTGAGOR, w(b) in the evenl any of s+~d sun+a of momy herein ~~ferred ro be not promptly and fv~~~ p+id wi~hin thirty (3p) dsys next afrer the samc seve~ally becane due and payable, wilhout dem~nd o? notice, or in the event each snd every th~ stiputations, agreements, caditions and coven+nu of sa~d p.«nissory note and th~~ ma~~s9e any or alhe~ are no1 iuly, promptly uid fully paformed, d~schar9ed. executed, effected. compkted, compl~ed with ~nd abided by. th~n in cither w sny avch event tM s+id +p gregah sum mentio~ed in said promissory rate then remsining unpaid, with interest scuued, snd all moners :ecured hereby. shsll becane dw and pay- able forthwitFy w thereafter, st the optFOn o~ said MORTGAGEE, ss f~Uy ind completely ai if all of the said wms of mopsy were oriyinally stipubted to be psid on such day, snything in said p?omiss~; note or in this Mortgage to the contrary notwithstanding; and thtreupon or lhereaf`ar at Ihe option of said MORTGAGEE, without norice or demsod, wit at law a in equity. thereForc or ~hereafter begun, may be prosecvted is if all eno~eys s~wnd hereby had mawred prror ro m ins~~tviae. ` 7. That in the event that at the beginnirg of or ~t any time pending sny wit upon this Matg~y~to fpr~clos,e It, w to nform it, a to ar?fora payment of ~ny daims hercunder, said MORTGAGEE sMll apply to the Coun haviog jur~sdKrion ~hcreof for the appo~ntment of a Reteiver, wd+ Court ah~ll fwthwith sppoint a receiver of said mortgaged progerty aU ~nd singula~, includ~rg all +nd singular the income, profits, issues snd revenues from whatevq wurce daived, each and every of which, it beinq expressly u~iderstood, is hcreby mortgaged as if specifiully set forth and described in the prantinp and habrnd~m clauses hereof, and such Receiva shall have sll the bro~d ar+d effective funcaons and powers in ~nyJrise entrusted by a Coun to a Receiver, ~nd such appoi~tment shall be made by wch CaM as sn admitted eq~ity and a m+tter of absolute right (oLfaid MORTGAGEE, and without reference ro the adeq~scy or inadeqwcy of tht vslue of the property mwtgsged w to the sohenty o? insotvency of .seit! MORTGAGOR a the defendann, and that wch renrs, profits, income, issues and revenves sh+ll be appliad by such Receivcr accordiog to the lie~ or equiry of aid,MORTGAGEE and the practioe of such Court. - 8. To duly, promptly ~nd fully perform, dixhar9e, execute, effect, compkte, comply with and abide by esch and every tFa stipulations„ apr~ements, conditioro u~d covensnts in said promissory note and this mortgsge set fwth. ~ 9. That in the event the awnership of th~ mortgsped premaes, or +ny psrt thereof, becomes:vested in • person other th~n ths MORTGAGOR, ths MORTGAGEE, its wccessors and asaigns, may, without notite to the MORTGAOR, deal with such sutcessa a wccessor in interest wirh referMte to this mort9~pe and tF~e debt hereby seturtd in the tsme manner ~s with Mortgtgor without in ~ny way vitiatirg w distharging the Mortyagon' li~biiity her~ unde~ w ~pon the deb~ hcreby secured_ No ssle of the premises hcreby mwtgaged snd no iwbearance on the part of the MORTGAGEE or its successon a augns snd no extension of the time for the payment of the debt hereby u•cured ~iven by the MORTGAGEf a its wccessors or assigns, sh~l) op~rat~ ~o release, d~xharye. modify chsrge w affect the wiginal liabiliry of tl+e MO~TGAGOR herein, either in whok w in put. 10. It is specifically agreed thst time is of the essence of this contrsct and that eo waiver of any oblgstion hereunder or of the oblipsYan sa cured hereby sMll st any twne thereeftet be F~eld to be a wsiver of the terms hereof at of the ir?strumeM secvred he~~y. .(n addition to the fwego:rsg monthly payments of prirK pal and imercst rcquired by the {xomissory note re y, mortgagor covenanb and agrees to p ee with each monthly payment sn sdd~iwnal sum estimated by mortgagee to 6e /12 of the annuai cost of the follow- ;ng: A-All real property taxes kvied w assessed agairut t euri e. _ B-Premiums on i~re and windstorm insursnce as her ' fo be c improvements situate on the sbove desaibed premises. C-Premiums on such mortgage guar " urance as mortgsgce shall from time to time deem ' ro.t~~fhe loan secured hereby. Mortgagee shall from t' t~mt notify mwtgago~ in writing of the amount due and paysble here~nder and iuZh7ww II thereupon be due ~nd i payabk on the due o the r+ext mor~thly payment and each successive month thereaiter urtil mortgagee shall notify mortgagor hange in wch ! amount. ms shall be applied by matgagee toward tht payment of real property ta:es, insurance prem~urt?s, and mortgage guarenty nnce pre ' . ~ IN WITNESS WHE , the ssid MORTGAGOR Fas hereuMO set his hand and seal the day and year first sfotessid. Signtd, Seakd deli fh! pt of: ~il~+` / ~ a.~q `,~~NNI11~l~~r ~ r,.~ _ .t°i:= _~4r..n ~ . • .1. ~ S, ' :A: . r.~~ ~ ~r, yi.J~ iK~•- STATE OF FLORIDA = y ' i.~~~ ~ ~t' ' ST . LUC IB ~ u- - i w:~.a~..' B J:~ cour,m oF ~ s~ ~ . J ~ • ~ : defwe me p~rsonally ~pps+red CharlQS Bailey K+elley, a aingle adui~5 ;Q~ _;j~tr : : • - ro me well know~ ,~ra~es.1q ~ti ~tit~` the individwb described in and who e:acuted ths forepoiny instrurnent, and acknowkdged befwe~t tMy eaecvted th~~•.fqf. Atl.l~i~(pei~t : Iherein atprtased. - ~r ' ; . WITNESS my h~+d ~nd offkial se+l thk 26th diy A. D. 19~_ ~ ~ . F~~EO ANO R~coRd ~.ry. ~ K~, and for th~ Sute of Fbrida ST, I.UC~E COVN . LA My R~ri"° T°: f2ECORf? VERi First F.d...~ s.rirps : lor, A.soci.tia? Of Fort P:~.«. i~5'~ ~lITA6T ~fi~uC. STATE OF FtOR:aA AT Wt~E fort Pie.ce, flo.ids MY COh1ktISSIOY EXPIRES NGY. 29~ 1872 '69 APR 28 ~ I' • y~ ` NDED 71~ROV4'N FkEO N~ ~11E1T<INOR~• . . This Instrument Prepared By pgF(j pQ~TaAS ~ Fint Federol Savings b toan A ~tRCUtT COUR7; of fort Pierce Checked 8y J. D. Chastsin i i~17~ ~ 19Q ~ . _ - - _ ~ . . . r , _.v ' ='.~i _ . ~ ~ s ~ ~ r,. ; _ - . . _ _ _ _ . .