HomeMy WebLinkAbout2268` ~ i~ ~ !
S. To plea and wntirttrotrsly keep on tM build'w+gs now a Mreafter situa» on said land and on all equipment and personally covered by this mortg-
age, with all premiums thereon paid in full, fire inswance in tM uwal standard policy form, in a cam approved by tM MORTGAGEE. and windstorm
insurance in the uswl standard polity form, In • sum approved by tM MORTGAGEE, >n such company or companies a tM MORTGAGEE may
directs and all fire and w'adstorm inwrana policies on any of aid buildings. any interest therein or part thereof, in tM aggrpate cam aforesaid a
In exact thereof, sMll contain tM usual standard mortgagee daua or such other daua a tM Mortgagee may rpuire, makirtg tM loss under said pol}
ties. each and every, payable b said MORTGAGEE a in interest may appear. and each and every such policy shall be promptly ass:gr-ed and delivered to
any MW by said MORTGAGEE as further security to MW mortgage debt. and. not less than ran (10) days in advance of tM expkat'an of each policy, to de•
liver ro said MORTGAGEE a renewal tMreof, together with a receipt for the pemium of such renewal; and there shall be ra fin or windstorm ir-surante
placed an any of said buildings, any interest therein a part Hereof, unless in tM form and with tM loss payable as aforeaid; and in tM event any sum
of mor-ty beco:iies payable under suds policy a polides aW MORTGAGEE shall haw tM option ro receive and apply tM same on account of tM indebted•
mess secured hereby a b permit aid MORTGAGORS to raaiw and use it or any part thereof for other purposes, without thereb/ waiving or impair
irg any equity, lien or right under or by virtw of this mortgages and in tM event aid MORTGAGORS shall for any reason fail to keep tM aid premises w
insured, p fail b deliver promptly arty of akf policies of inwrana fo aid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
respect btt b perfomA, discharge, execute. effect. complete. comply wiH and abide by thb covenant. a any part hereof, said MORTGAGEE may plea and
pay for such irowarta or any part thereof without waiving a affectktg any option, lien, puiry, or right under or by vtrtw of this Mortgage, and tM
full amount of each and awry such payment shall be immediately dw and payable and sMll bear interest from tM date thereof until paid at tM rate of
nine prr antum per annum and together with such interest shall be secwed by tM lien of this mortgage.
1. To permit, wmmlt or wffer no wale, impairmte+tt or deterioration of aid property or any part thereof.
S. To pay all and ttirtpvlar tM costs, dwges and expense, inducting a reasonable attorney's fee and wets of sbstracri of title, incurced a paid at
any limo by aid MORTGAGEE, because or in the swot of tM failure on tM part of tM said MORTGAGOR to duly, promptly and fully perform, dixFrarge~
execute, effect, complete, comply wiH and abide by each and every the stipuletiora, agreements, conditiorn. and wvenanri of said pomissory note and this
mortgage any or either, and said wets, dtarga and expemas, each and every. shall be immediately dw and payable: whether or not there be notice da•
mend, attempt to collect or wH perdirtgt and tM full amount of each and every such paymtnt shall bear interest from tM dart tMreof until paid at tM
rate of nine px centum ptr srwwm; and all aid costs, dtarga and expenses incurred or paid, together with such interest, sMll be waxed by tM lien of this
ntorgage.
6. Tt-at (a) in the evert d soy breach of this Mortgage a default on tM part of tM MORTGAGOR, or (b) in tM event any of aid sums of money
herein referred to be not promptly and fully paid within thirty (30) days next after tM same severally became due and payable, without demand or noYtce,
or (ra in tM evert each and every tM stipuletions, agreema+ts, conditions and covenants of said promissory note and this mortgage any or either are nol
~vly, pomptly and fully ptrformed, discMrged, executed. effedad, completed, wmplied with and abided by, then in either or any such event tM aid sg•
gregate sum mentioned in said promissory note then remaining unpaid, with interest sa:rued, and all moneys secured hereby, shall become dw end pap
able forthwith, or thereafter, at tM option of aid MORTGAGEE. a fully and completely as if all of the aid cams of mx:ey were orginaliy stipulated
to be paid on such day, anything in said promissory note or in this Mortgage to tM contrary notwithstanding; and thereupxt or thereaher at tM option of
said MORTGAGEE, without notice a demand, wit at law or in equity, therefore or thereafter begun, may be prosecuted a if all mxteys secured hereby
had matured prior to its institution.
7. That in tM event that at tM beginning of or at any time pertdng any wit upon this Mortgage, a to foreclose it, or to reform it, or to enforce
payment of any cla'ara hereunder, aid MORTGAGEE shall apply ro tM Court Mvirg jurisdiction thereof for tM app„ntment of a Receiver, such Court sMll
Forthwith appoint a receiver of aid mortgaged property all and singular, includ'ng all and singular tM income, pofits, issues and revenues from whatever
sours derived, each and every of which, it being expressly understood, is hereby mortgaged a if sprcifiully at forth and described m tM granting and
haberdum douses hereof, end such Receiver shall haw all tM broad and effettiw functions and powers in anywise entrusted by • Court to a Receiver, and
such appointment shall be made by such Court a an admitted equity and a matter of absolute right to aid MORTGAGEE, and without reference to tM
adpuscy or inadequacy of tM value of tM poperty mortgaged or to the solvency or insolvency of aid MORTGAGOR or the defendanri, end that such
rents, profits, irxor:te, issues and revenues shall be applied by such Receiver aaordirg to tM lien a pviry of aid MORTGAGEE and tM practice of such
Court.
8. To duly, promptly and fuly perform, discharge, execute, effect, eompkte, comply with and abide by each and every tM stipulations, yreemertts,
conditions and wvertants in aid Pror^~Y note and this mortgage set forth.
9. ihat in tM scant :M ownership of tM mortgaged premises, or any part thereof, becomres~ veiled in a person other than tM MORTGAGOR, tM
MORTGAGEE, iri successors and assigns. may. without ratite to the MORTGAOR, deal with such wa:essor err sua:essor in interest with reference ro this
mortgage and tM debt hereby waxed in the same marx~er a with Mortgagor without in eny way vitiating or discharging tM Mortgagors' liability h~re•
under or upon tM debt hereby secured. No ale of tM premises hereby mortgaged and no forbearance on the part of tM MORTGAGEE or iri suaeston
or assigns and no extenian of tM time for the payment of the debt hereby secured given by tM MORTGAGEE or iri successors or assigns, sF-all operaq
to release, disdurge, modify dwnge a affect tM orgu+al liability of the MORTGAGOR herein, either in whole or in pert.
10. It is specifically agreed that Mime is of tM essence of the contrail and that no waiver of any obligation hereunder or of tM obligatan se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured f-erby.
11. In addition to the foregoing monthly paymenri of principal and interest rpuired by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an addiianal sum estimated by mortgagee to be pual to 1/12 of the annual cost of the fdlow-
ing: _
A-All real poperty faxes levied or assessed against the above described real estate. `
0-Premiums on fire and windstorm insurance as herein required to be urried on the improvemenri sitwte on the above described premises.
C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to time deem fit to arty on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and paysbk hereunder and such cam shall thereupon be due and
payable on tM due date of tM next monthly payment and each successive month thereafter until mortgagee shall ratify mortgagor of a drange in such
amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage guaranty iriwrartce
premiums.
IN WITNESS WHEREOF, the aid MORTGAGOR ha hereunto set his hand and seal the
and liver in the presence of:
STATE OF FLORIDA ~ _
ST . LTIC IS ~'
couNTY of
Before me personally appeared Regis D. TZef6lner and
Genevieve S. Tlrelelne)r his wife, w me well known, ,red known to m. to be
the irdividwb dewibed in and who executed tM foregotrg instrument, gnat acknowkd~d before me that they executed tM name for tM purposes
therein expressed. And rite Hi, Genevieve S. Trefelnes _
wife of tM aid Regis D. Trefelner
examination by me taken separate and apart from her said husband, adcrtovsfadged M and before rrte that site executed
rarity and without soy oompukiory axntraint, appreMroion, fear of a from Iter aid husband.
WITNESS my hand arid'o seal Hia__t~~r~ day of a tefabsZ
```'~~..t~tUnrr~/`',,, R ~.
RECORDED
upxt a separate and private
inslrvmeM freely and vohtrt-
~p•~69
,.-` ~`j;.•~•.:y q R ~'~., ~ FILED AND LINTY. Ft- Notary Public in .rd for tM Sta» of Fbrida st Lang.
~l • ~ _ ` ,'` . •.?~ ,~ ST ~ l..U C 1 E C ~ 1= 1 ~ { ~ D My Commission expires:
-;,~c?tF1~n~7 ~ 1:- v~nC'~ _,:ts~'~ Notih- Pi16Gc. Stine Of Florida at Largt
First lederQ; 5at~fi~ .~ ~~ son 1 (N -
V~
DwL-i1o.i? ftialA~ - - ~ ~ •
~. - ~,•; r
..,~: ~t, _ X69 SEp a
T ~
~ t
This If~struM ~repare~;Q~-R:~ti~` K~1 BeRT
First Federal Savings d'i~#~b~NIF~4ssor:i~t~~K CtR
of Fort Pierce a Flor der
Checked By
fdp fArltwissioo Espies Sept. 23, 1969
Md.r M Anricaa rtn a caaesMy Cer
so~C~~"9 ~2~