HomeMy WebLinkAbout2602~. To plan and contirlltovshl keep on tM buildings now a herNfter sitwte on said land and on all puipment and personally covered by this rtlortg•
age, with all premiums thereon paid in full, fire insurance in the usual standard policy form, M a sum approved by thepMORT~GE~Rar-dA~ads ~~
insurance In the uswl sandard policy form, >n a sum approved by tM MORTGAGEE. in such company o. ce^+Pa^
directr and all fire and windstorm inwrarioe policies On any of pfd buildlrlgs. eny Interest therein a part thereof, in tM aggregate sum aforesaid or
In excea thereof, sMll contain the trawl standard mortgagee clause or such other dause as the Mortgagee may rpvire, making the toes under pfd pdi•
ties, each and awry. payable ro said MORTGAGEE as i» Interest may appear, and each and awry such policy shall be~promptly assigned and delivered ro
any Mid by said MORTGAGEE as further security to said mortgage debt. and, not less than ten (10) days In sdvana of the expiratan of each policy, ro de•
liver ro pd MORTGAGEE a renewal therwf, together with a receipt for tM premium of such renewal) and then shall be no firs or windstorm insurance
placed on any of said buildings, any interest therein a part thereof, unless in the form and with 1M loss payable as aforepidr and in the event any sum
~ money bacorrles payable under such poligr or'policles said MORTGAGEE shall haw tM option ro receive and apply 1M same on actounl of tM irldebted•
ease secured hereby a ro permit said MORTGAGORS ro receive and use it a any part thereof for other pwposes, without thereby waiving or impair-
ing any equity, lien a right undo or by virtw of this mortgage: and in t11e event pfd MORTGAGORS shall for arty reason fail ro keep tM said premises so
truured, a fail ro deliver promptly arty of said policies of insurance ro pfd MORTGAGEE, a fail promptly ro pay fully any premium therefor or in any
respect fail b perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and
P+Y far such iralrrance a any part thereof without waiving or afhcting any option, lien, puny. or right under a by virtlre of this Mortgage, and the
full amount of each and every such payment shall be imrtlsdiaMly dw and payable and sMll bear interest from tM date thereof w-til paid at the rate of
nine per centum pa annum and together with such interest shall be secured by tM lien of this mortgage.
1. To permit, commit ar wffer no waste, impairment a deterioration of pfd property a any part thereof.
S. To pay all and singular the coats, dlargea and experues, indudulg • reasonable attorney's fee end costs of abstracts of title, incurred or paid at
any time by pfd MORTGAGEE, because or in the event of the failure on the part of the pld MORTGAGOR ro duly, promptly and fully perform, discharge,
execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and tovenanb of pfd promissory note and this
mortgage any or either, and pfd costs, charges and expenps, each and every, shall be irrlnlediately due and payable; whether or not there be notice ds
mend, mempt ro collect or wit pending; erect tM full amount of each and every such paymer-t shell bear interest from the date thereof until paid at the
rate of nine per centum per amwm; and all pfd costs. charges and expenses inlcurred or paid, together with such interest, shall be secured by the lien of this
morgage.
6. That (a) in the event of any beach of this Mortgage a default on the part of the MORTGAGOR, a (b) in the event any of pfd sums of money
herein referred to be not promptly and fully paid within thirty (30) days ncxt after the same severally become due and payable, withaN demand or notice,
or W in the event each and every tM stipulations. agreements, conditions erd covenants of pfd promissory note and this mortgage any a either an not
~Irly, promptly and fully perfarmsd, discharged, exerted, effected, corllpleted, complied with and abided by, then in either or any such event 1M pfd ag
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay
able forthwith, or therNfter, at the option of pfd MORTGAGEE, as fully and completely as if all of the pfd wms of money were originally stipulated
to be paid on such day, anything in said prom'ISSOry note a in this Mortgage ro the contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without ratite or demand, wit at law or in equity, thereforo a thereafter begun, may be proseryted as if all moneys severed hereby
had matured prior to its institution.
7. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, a ro foredose it, or to reform it, a ro enforce
payment of arty claims hereunder, pfd MORTGAGEE sMll apply to the Court having jurisdicilon thereof for the appontment of a Receiver, such Court sMll
forthwith appoint a receiver of said mortgaged property all and singular, including all and singular tFle income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically, sort forth and dcscribed in the granting and
haberdum clauses hereof, and such Receiver shall have all the broad and effective functior-s and power in anywise entrusttd by a Court to s Receives, and
such appointment shall be made by wch Court as an admitted puny and a matter of absolute rght ro pfd MORTGAGEE, and without reference to the
adequagr a inadequacy of the value of the property mortgaged or to the solvency or insolvency of pfd MORTGAGOR or' the defendants, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver according to the 1'len a puny of pfd MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, d'ISCharge, execute, effect, complete, comply with and abide by Nth and every the stipulations, agreements,
conditaro and covenants in said promissory rate and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any Part thereof, becomes vested in a person other than the MORTGAGOR, tM
MORTGAGEE, its successor and assigns, may, without notice to the MORTGAOR, dNl with sufll successor a successor in interest with reference fo this
mortgage and the debt hereby secured in the same manner ss with Mortgagor without in any way vitiating or discharging the Mortgagor' liability here-
under a upon the debt hereby secured. No ple of the Premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its successor
or assgrls and no extension of the tune for the payment of the debt hereby secured g'rveri by the MORTGAGEE or its successors or aasigrls, shall operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole a in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se•
cured hereby shall st any time therNfter be held fo be a waiver of the terms hereof a of the instrument secured herby.
I1. In addition to the foregoing monthly payments 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 port to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements sitwte on the above described premises.
C-Premiums on such mortgage guaranty insurance ss mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be dup and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall ratify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, irlwrance prem:unls, and mortgage gwranty insurance
premiums.
IN WITNESS WM ,the MORTG GOR has hereunto set his hard and seal the day and year first aforesaid.
SNled -
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STATE OF FLORIDA
St. Lucie ~'
counlTy of
before me personal) appeared JOhnnie Berry and
Nell yBerry his wife, to me well known and krawn ro me ro b.
the irdividwb described in and who exerted the foregoing instrument, and acknowledged before me that they exerted the same for the purposes
therein expressed, And .the pfd I dpi 7 B p rr v
wife of the pfd Johnnie B@rry upon a separate and private
examination by ms taken separate and apart from her pfd husband, acknowledged b and beforro me that she executed said instrument freely and voltm
rarity end without any compulsion, constraint, apprehension or fear of or from her pfd husband.
WITNESS my hard and official sNl this---i~`~-e* day of SeAtelll~r ~ . A. D. 19.x_
_ w
Notary Public in and for the State of Florida at Large
a_~ . My Commission expires:
Retwn To: `tl,ll/rstiT(jti.
First Federal Savings 3 Loan Association ~ • :l..,gry, ~'~Ot>r~ 19tibGe, State ~ ~~ ~ ~~
F, Z .~c- ~ y1 ' ~ ao [,~ Sept. T3 1969
_,_ Of fort Pierce. •`` ~• .•••••••_~~•: 1,~~~I~ ~~ 6y a CMS/ ~e-
Fort Pierce, Fbrida ~ ~: -, ±'~ '•. Vd.•~ '
w~
This Instrument Prepared ey R ichasQ ~ rti J:=~•:: -.
First Federal Savings ar loan Association ,, ~ _ ... ~~.. ~~
of Fort Pierc4 Florida %,,r%e;••••••••SS'~~~:,' :•.
Checked By ~~a!!!
~-~ eooK~79 ~cE2600
~ftFO-ANO RECORDEO~
ST. LUCIE COUNTY. FLA.'
Rr CORD VERIFIED
1831303
'69 SEP 15 yy 10 ; 4
ROGER POITI~`,~t
CLERK CIRCUIT COItRTi
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