HomeMy WebLinkAbout26093. To plan and contirwrously keep on tM buildings now or Itertafier sitwte on said land and on all equipment and personalty covered by this mortg•
age. with alt premiums thereon paid in full, fin inswann in tM uswl standard policy form, in a sum approved by 1M MORTGAGEE, and wirtdatam
inswarsce In tM uswl Narsdard policy form, In a sum approved by tM MORTGAGEE, in such company or compae'+es a tM MORTGAGEE may
direct) and all fin and w'utdatorm irqurartn policies on .ray of said buildings. any Interest therein a part thereof, in tM aggregate wm aforesaid a
In excess thereof, sMll contain tM uswl standard mortgagee clause a such other clause as tM Mortgages may require, making tM loss unde- said polF
ties, each and every, payable ro said MORTGAGEE as its interest n-ay appeer, and each and every tech policy shall be promptly assigned and delivered ro
any Mb by said MORTGAGEE as further secwity to raid mortgage debt, and, rat less than ten (10I days M advann of 1M expiration of each policy, ro de• '
liver ro said MORTGAGEE a rerttwal thereof, together with a receipt fa tM premiwn of such rertevral; and there shall be ra f'ue o- windstorm inwrance
placed on any of said buildings, any interest thersir- or part thereof, unless in tM form and with tM lou payable as aforesaid: and in tM event any sum
of money becomes payable under sud- policy a policies said MORTGAGEE shah Mw tM option ro receive and apply tM sams on account of tM indebted
Hess secured hereby a !o permit said MORTGAGORS ro -enive and use it a any part thereof fa other purposes, without thereby waivi+y or impair-
ing any equity, lien or r'pht vruler or by virtw of this mortg+get and in tM event said MORTGAGORS shall for any reason fail to keep tM said premises so
irattred, or tall to deliver promptly any of said policies of inswartn to said MORTGAGEE, a fail promptly ro pay fully any premium tMrefor a in any
respsct fail b perform, discharge, execute, effect, ottmpleM, comply with and abide by this covenant, a any part Mreof, said MORTGAGEE may plan and
pay fa such 4ttwatas or any part thereof without waiving a affecting any optan, lien, equity, or right under a by virtw of this Mortgage, and tM
full amount of each and every such payment sMll be immediately dw and payable and shall boar interest from tM date thereof until paid at tM rate of
nine per nntvm per amum and together with wch interest shall be secured by tM lien of this mortgage.
1. To permit, commit a wffer no waste, impairment a deterioration of said property a any part thereof.
S. To pay all and singular tM oohs, charges srd expenses, inducting a reasonable attorney's fee and oosri of abstracts of title, incurred a paid et
any time by said MORTGAGEE, because a in tM event of tM failwa on tM part of tM said MORTGAGOR ro duly, promptly and fully perform, dischug4
execute, effect, complete, comply with and abide by each and every rite stipulatiorss, agreements, corxlitiorss, and covenants of said promissory note and Chit
mortgage arryt or either, and said costs, charges and expenses, each and every. shall be immediately dw and payable; whether or rat there be notice de~
msrtd, attempt ro collect or wit persdingt and tM full amount of each and wary such payment shall beer interest from tM date tMreof until paid at tM
rate of nine per centum per annum; and all said costs, charges and expenses imwrad a Wid, together with such interest, shall be retuned by 1M lien of this
d. That (a) in tM event of any breach of this Mortgage a defwlt on the part of the MORTGAGOR, or (b) in tM event any of said sums of money
herein referred to bs not promptly and fully paid within thirty (30) days next after the same severally become dw and payable, without demand or notice,
or (ra in tM event each and every tM stipuletiorss, agreamen», conditions and covenanri of said promissory note and this mortgage any a either an not
iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided tiy, then in either or any such event tM said ag~
gregate sum mMtiOned in said promissory note then rerrtainirtg unpaid, with interest seuued, and.all moneys secured Mreby, shall become dw and pap
able forthwith„ or thereafter, at tM option of said MORTGAGEE, as fully and completely as i( all of tl+e said wms of money were originally stipuleted
to be paid on such day, anything in said promissory note or in this Mortgage to the contrary ratwithstanding; and thereupon or thereafter at tM optan of
said MORTGAGEE, without notice a demand, wit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured prior to iri institution.
7. That in tM event that at tM beginning of or a1 any time pending any wit upon the Mortgage, or to foreclose h, or to reform it, or to enforn
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jwisdiction thereof for the appointment of a Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged property all and singular, includ+ng all and singular the income, profits, issues and revMws from whatever
source derived, each and every of which, it being expressly understood, b hereby mortgaged as if specifically set forth and described in tM granting and
haber-dum douses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to tM
adequacy or inadequacy of six valor of the property mortgaged or to the sohrency or insolvency of said MORTGAGOR or the defendanri, and that wch
rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and tM practice of such
Court.
8. To duly, promptly and fully perform, d'ndtarge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements,
condiYans and covenants in said promissory note and this mortgage set forth.
9. That in tM event tM ownership of tM mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, tM
MORTGAGEE, its successors and assgns, may, without notice to tM MORTGAOR, deal with such successor a successor in interest with reference to this
mortgage and the debt hereby secured in tM same manner ss with Mortgagor without fn any way vitiating or discharging the Mortgagors' liability here-.
under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE or its successors
or assigtts and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate
to release, disdwrge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It b specifically agreed that Tune b of the essence of this contract and that no waiver of any obligation hereunder or of tM obligation se•
cured hereby shall at any time thereafter be held to be a waiver of the terms ixreof or of tM instrument secured herby.
11. In addYion to the foregoing monthly paymenri of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folbw-
ing:
A-All real property taxes levied or assessed against the above desuibed real estate.
ff---Premiums on fire and windstorm insurance as herein required to be carried on the improvemenri sitwte on the above desuibed premises.
C-Prfrrtiums on such mortgage gwranfy insurance as 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 sum shall thereupon bt due and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
amount. Such wms shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranty insurance
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal iM day and year first aforesaid.
igrted, S d and erect in tM presence of: i
n
n
Q""-t ~
STATE OF FLORIDA
St. Lucie ~'
couNTY of
f)efon me personally appeared a,nasa,zs Ivslul9 area lt~itl>tilils sWilga azi wiiisa a~
Fzanlelin Ae HAlzifit Anti NAlezie ye HAZrifts • his wife, ro me well known and known to me to be
the individuab desuibed in and who exscutsd tM foregoitg instrument, and acknowledged before me that they executed tM same for tM purposes
therein expreteed. And tM said Pearline Younaa wife a~ ti7e said Cisazlie Youn9a and
wife•eF~he~•seid upon a separate and private
examinaYan by me taken separate and sport from id husband~adutowledgersl -o and before rtte that 71te~xecvted said inswment fyeely and voluo-
rarity and without ar-y compubion, constraint, appreheroion„or fear of or from id husbartdsa
WITNESS my Mnd and official seal this ~~ LL- t~~~ day of t~veY A. D. 19 `9
RILED AND RECOROE
- L U C I E C 0 Uh T Y Notary P in and tot tM State of Fbrda at Largs
1= ; ^ r ; ~ -; + ^ • FL My ~ssion expires: ~ . ~~ / ~ 7 /
Return To: 'QQ~ ~nlv// jj' a t' I r ()
First Federal Savings b Loan Associatan ~vs~i,/V~ ~ 'asWNtrJ
Of Fort Pierce. fL`n Cl. ~s `~~t~~t, ~~'r~~~,,rr Notary Pit~lf, Sb~! OI ROflda ~ tip
. Fort Pierce, Florida l:J •:~ ~ ' S ~iri ~ q- ~•Q".~,,••••••,,.,rij;'., ~l- ~MSSion E>~ira Aiiq. 6. 1911
This Instru 9nt Prepare~g~I~R~}R~U1~~~9% zT=-~~~~ ,4T..°-'a
First Federal Sevin s b Loan Association T~~;~:2,~ J~='r`te'
• of Fort Pierce, Rlozida ~, O~•., - ~ ~ Q r,.:Oct
- - ' sir •••...... `~~
checked BY~ -~.. '`~++KtSSP-~;,.~`. '
{: ~ ~ooK 179 ~~~07 ~~_ ~ ~