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HomeMy WebLinkAbout1939 . : ~ . . ' ~ 1 i ! 1 To plac~ and contiouously keep on tM buildings ~ow w Mrc~ftk utust~ on said Isnd s~d on all cquipment a++d penon~lly covtred by thi~ rtwr~p~ ' ap~, wilh al) premi~ms therea~ p~id in full, fi~e iosurance in the usuai ttandard policy form, i~ a tvm approvsd by tM MORTGAGEE, and windi~orm ir?iuranc~ in the usual stsndard poliq tam, in a sum approved by the MORTGAGEE, in s~ch company or compa~ies a 1he MORTGAGEE may difKt~ ar+d all fire end windstorm ins~rance poliues on any of iaid bui!d~~.ps, any Interest ~herein or pa~t thereot, in ti+e a~yreyere :um afor~Ntd q 4 1~ ~zua thereof, :hall corttain ths usva! standard ma~gagee ciause a s~ch other ciavss as tM Mortgagee may require, makinp ths lou w?d~r said poli~ cip, each and eve.y, payable w said N10RTGAGEE ~s its intereit may appear, ~r?d each and evsry such policy shall ba promptly eu:yned and detivered to ~~y Iwld by ssid MORTGAGEE as fur~hr. security to said morr9age debt, and, nor ku than ten (10) days tn advanco of the expiratio~ of each poliq, to d~ liw? to isid MORTGAGEE a renewal thereof, together with a receipt for tlx premium of such renewal; and there shall be no fire or windstorm insv~anc~ pt~csd a~ •ny of said b~ildir~gs, any interett there~n or par~ thercof, unless in the fo~m snd with tM lou payable as aforesaid; end io rht event ~ny sum of rt~w~ey becomes payable unde~ iuch policy a policies said MORTGAGEE shall have the option to receive and apply the ume on accounl of the ir~debted- ~ess ~etured hereby o? to pe~mit said N10RTGAGORS 1o rKeiva ~nd use it p any part thereof for other purposes, witho~t th:~eb/ waivi~ig or ~mpair- inq u~y puity, (ien or right under w by v'utus of this morigaye; end in the event sa~d MORTGAGORS shal! fp~ any reason fail to keep the said p~emises so infured, w fail fo deliver pranptly ~ny of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefor w in any rsspect fail to perform, dixharge, execute, effect, complete, comply wiih and sbide by this covenant, a any part hereof, said MORTGAGEE may place and pay fw tuch iniwanc~ o~ any part thereof withou/ waiviny or affectii?g a~y option, lien, equity, or right under w by vi~tue of this Matgmye, and the full amount of each snd every iuch payment shali be immedi~tely due and payable ~nd shall bear interest f~om ths date thereof until paid at the rate ot nine psr ce~tum per snnum and rogether with such interest :hatl be secured by the lien of lhis mortQsge. To permir, cvmmii or suffer no waste, impai?menf o~ deterioration of iaid property w sny part fhereof. S. To pay all and singulu the costs, charget and expenses, including a rcasonable attwney i fee and costs of abstracts of ti11e, incurrod w pa~d at any time by said IVIORTGAGfE, because w in the eveat of the failure on the part of the taid MORTGAGOR to duly, promptly and fully perfwm. d~uharge. execute, elfett, comptete, comply with and ab~de by each and every the stipularions, agreements, conditions, and covenants of said p~omissory note and ~hii matg~ge sny or either, and said costs, charges and expenses, each and every, ahall be immediately due and payable; whether or not there be notice de~ msnd, attempt to colkN or suit pending; and the (ult amount of each and every such payment shall bear interest from the da~e thereof until paid at fhe rate of nira per cenium per annurn; and all said costs, charges and expensea incurred or paid, together w+th such interest, shall be secured by the lien of thi~ mort~ape. 6. That (e) in the event of any breach of this Mwtga9e w default on the part of tf~e MORTGAGOR, a(b) in the event aoy of said tums of rtwney here+n referred to be not promptly and f~lly paid within thirty (30) days neat after the same severally become due end payable, without demand o? notice, or (c) in the event each snd every the stipulations, agreements, conditions and covenants of ae;d promissory note and th~s mor~gsge any o~ either are nof i~ly, promptty a~d fvlly performed, d;xfiarged, executed, effected, completed, complied with and abided Sy, tlien in either a any such eveM fhe said ag g~egate sum mentioned i~ said prom~sso~y note then remaining unpaid, with imerest accrued, and all moneys secured hereby, shall become due and pay~ ! able forthwith, w thereaite~, at the option of sa~d MORTGAGEE, as fully and comptetety as if all oi the wid sums of money were wiginally stipulated to be pa~d o~ such day, anything in said promisswy note w in this Mortgage to the contrary notwithstanding; and thereupon ot thereafte? at the opt~on of tsid MORTGAGEE, without notice or demand, suit at law or in equity, thercfwe w thereafter begun, may be prosec~ted as if all moneys setured hereby iwd matured pno? to in institution. 7. That in the eveM tlwt at the beginning of or at any time pending any suit upon this Mortgagc, w to foreclose it, w to ~efam it, or to enforce payment of any daimz hereunde~, s~id MORTGAGEE shall apply to the Court having jur~sd;ctioo thereot for ~he appo~ntment of i Rcceiver, svch Court shaq ~ fathwith sppoint a receive~ of said mortgaged property att and singutar, inc:ud,ng all arrd sinqula~ the income, protits, issues and revenues from whatever i source derived, each and every of whrch, it being express~y undersfood, is hereby mortgaged ai ~f speuticatly set forth and dewibed in the granting and habendum clauses hcreof, and such Receiver shall have all the broad and efiectire funct~ons and povrers in anywise entrusted by a Court to a Receiver, and such appoinlment shall be made by such Court as an ad~nieted equity and a matter of absotute righf to said MORTGAGEE, and withovt reference to the i adequacy o? inadequacy oi the value ot the property mortgaged or to the sotvency or ~nsoivency of said MORiGAGOR u the defendants, and that such ~ rents, profits, income, iuues and revmues shatl be apptied by such Receiver accord~ng to the ~ien or equily of sa;d MORTGAGEE and Ihe prattite of such ~ COuA. 6. To duly, promptly and fvlly pe?form, discharge, exccute, effect, mmplete, comply with and abide by each aod every the itip~lations, agreements, 4 ca?ditans snd covenants in sa~d promissay note and th~s mortgage set iwth. { t 9. That in the event the ownership of the martgaged premises, qr any part tl~ereof, becomes vested in s perwn other than the MORTGAGOR, ihe ~ MORTGAGEE, iri succeuas and sss~gns, may, wi~hout norics to the MORTGAOR, deal with such succeuw or successor in interest with reference to this mortgage and the debt hereby secured in the same ma~~er as with Mortgagor without in any way viti~ting or diuhargirg the Mwtgagora' tiability l~ere- unde? w upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no forbea~ance on the part of the MpRTGAGEE or ils svccessws a auigns and no exiens~on of the time fa the payment of the deb~ hereby secured give~ by tlx MORTGAGE'_ or its tuccessors w aasigns, siull operate lo rekase, d~scharge, modify cRange w affect the arginal liahil~ty of the MORTGAGOR he~ein, either in whole or in part. 10. It is specificaNy agreed that teme i~ of the essence of fh;s contract and that no waiver of any obligaNon hereunder or of the obligatan se- cvred hereby shaU at any timc thereafter be held to bc a waiver of the terms hereof w of the insUUment secured herby. f 11. In add~tion to the fwego'rx~ mortthly payments of princ"pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants ( and agrees to pay to mo:tgagee wirh each mo~thly payrnent an add~rional sum est~n:ated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- iny: A-All real property taxes levied or assessed agai~st the above described real estate. B-Premivms on fire and windstorm insurance as herein requ;red to be carried on the ~mproveme.~ts situate on the above described premises. C-Premiums on such morfgage gvaranty ir.surance as morrgaqee shail 1rom. t~me ro teme deem fit to ca~ry oo the loan secured hereby. Mortqagee shail from time to t~me notify mortgagor in wrinng of the amount due and payable hereundrr and s~ch s~m shall thereupon be due and payable on the due date of the ~ext month!y payment and each successive month thereaftar ur,tit mo~tgagee shall notiiy mortgagor of a change in such amount. $uch sums sha~t be apptied by mortgagee roward the payment of rea! property taxes, insurance prem;ums, and mortgage guaranfy insurance premiums.' IN WIiNESS WHEREOF, the said MORTGAGOR has herevnto set his hand and seal the day and year first aforesaid. r iyned, Se and er in the prese~ce of: r^". _ ( ~ ~ ~~n (Seal) (Seal) Staq STATE OF FtORIDA ~ couNn oF ST . LUCIB Befwe ms George T. Miller pawrWll appeared a~ .Jlll~~ H. Millez his wife, to me weff krawn end known to me to b~ the individwls described in and who execWed tl?e fwegoinp instrumentt and ackrww(edyed befwe me thaf they executed tlx same fw ths purpo~es ~ r~.,~,,, ~x~.e~d. a~d rn. Julia N. Miller ~ w;f. of ,n...~a George T, rt ller . .~d P.~~.?. e~e~m~nation by me taken separate and apan from her iaid husband, ~cknowtedged to •nd befwe ms that she executed ssid instrument freefy and voturr tsrily u~d wlthout any compulsion, canstrsint, apprehensi~~or fesr of w from her taid husbsnd. WITNESS my Mnd •nd officu{ seal thi.- 7 A~ day of_ `Jul A D. 19 69 FILEO AND RECORDED' - - ~r..v ST. LUCIF COUNTY, FLA. ~arY .~a ro. tM Stat~ of Florid~ ~t larp~ Return ia. R`~0~~ V~~tl~i~p My C m~u'wn exp'ues: A~~ ~~/9 J/ fint Federal $avings 3 Loan Astociation 180343 - ~t~ SVk O) ~Of~ n~qt o? ~o,, P~erce. ~69 ~U~ 8 • ~ ~ ; ~ ; e~~, ~ 6 ~9n Fort Pierce. fforida ~ 10 • ~ . ~ . f~ A' i~rM~ fd L r~l11~t j/r _ RO:;E?~ ~ O~TR , : This Instrument Preparec~@~R~~~~~Ce r ; - ~ ' . First Federal Savings b loan Association ~ ~ ~ . ~ ~ - - af Fort Pierce , F lor ida ~ ~ " ; - v . .i • .y ~i'•i • Ct~~~~i~; i ~ ~,ttL~~i~~ i ; ; , ga~x ~.?8 P~~ 1938 ~ , , ~ . ~ ~ - _ - . o. . . . 'ri E.Y. ~-.e..