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HomeMy WebLinkAbout2084 ti • • + To plac~ and conti~wouily k~ep on th~ buildi~t now a F?~r~ah~? situat~ on Hid lar+d ~nd on ~II aquipment ~nd p~nonally mvered by this mat~ ~ pt, wi~h ~II pr~miwm ~herwn paid in fu14 tin ina~i~~c~ in tM uiwl standard policy fam, in a sum approved by tM MORiGAGEE. ~nd winditwm inwranc~ in tFw uawl sundard policy (am, M a wm approv~d by ~h~ /W~RTGACsEE, io such company w comp~nies +s tM MORTGAGEE ~+uy dinctt ~~+d +11 iir~ and windiamn iniwana polici~s on any of s~id buiWinpb ~ny InHr~~t the~ein w p~rt theraof, In tht spflrepat~ a~m ~foresetd ot M~xc~ss the~wf, shall ca+ain ths usval standard mort9a~ clws~ or tuch otMr d~us~ a tM Monpsy~e may rpuir~. makinp tM tos~ under uid po14 ~i~s, ~ach ~nd ~vNy, p~Yabl~ w Hid MORTGAGEE ~s ifs inter~st may ~ppea~, and each and ~vNy ~uch pulicy shall be p~omptly ~~s:yned and d~livtred to ~nr Mld by said MORTGAGEE ~s iwther security to said R.ortp+p~ d~b~, and. not Itu IMn ten (10) days in ~dvance oi the expir~tea? of eatl~ poliq. fo d~ ? IIvN 1o uid MORTGAGEE • r~newil tMreof, topstF~ with a rettipt ior the pemiwn o1 t~ch rerxwsl; and_ the~~ shsll be r+o fire or windstorm inwrana ~ pl~ced on ~~y of aid b~iWings, any ~ intersst 1Mr~in or p~r1 thereof, v~ku in tFw form ~nd w~Ih tM loss p~ysbl~ ss a(wesaid; ~nd H? 1M event ~ny twn of mo,~sy beca„a p~yabw undK wd~ polky or pcl;c;ss iaid MORTGAGEE slwll Mw ~he option ro receive and ~pply the same on accoun~ of the indeb~sd- ness Ncv~sd hK~by p w perrnit iaid MORTGAGORS to ?Keiv~ ~nd uM it w any part thereof for other purpoaes, without thereb/ waivi~ig o~ unpa~r- ! irg any eq~;ty. (iM w riyht u~de? or by vktvs of ~his mortp~ye; ~nd in tM ~wnl ~aid MORTGAGORS sl~a0 fa ~ny reason fail to keep the said premiies so i~?wred, w fail to delive~ promptly a~Y of said pol;cies of insuranu ro said MORTGAGEE, or fail promptly to pay fully any premium therofor or in sny ~etpect 1ai1 1o pK(ore1, discMr~t, ~a~cut~, ~ff~ct, complete, comply wi~h and abid~ by this cove~ant, or any part hereof, uid MOltTGAGEE m+y plsc~ and paY (a such im~ranc~ w~ny puf the~eof without w+ivinp w~ff~di~p ~ny option, li~r~. puity, a righl ~nde~ a by vlrtw oi this Matysp~, and tM full amo~nt of each and ~v~ry such payma?t ih+ll be immedi~teFy dw and p~yabl~ and shall bear interest irom Ms date thereof until paid at tM ra1~ ol ! nins pK c~ntuin pK ~msum and topether with such intaest :hall be secured by tt?~ lien of this mo?tysge. 4. To pKmit, canndt o? wffer ~+o wsste, impr'um~nt or dHaioration of said proparty o~ any p+rt tlxreof. S. To pay dl and ~inp~la the costs, tMrpe~ and exp~nses, i~+cludinp a roasw+abk ~nomey i fee and costs af abstrscts of tiNe. i~uurred a p+id ~t any ~~me by ,ad MORTGAGEE, beca„ss or in tt+~ ~wnt of tM failu~e on th~ p~.1 of tl+~ ~sd MORTGAGOR ro duty, p~omp~iy and futly periorm, d~xha9. ~xecute, ~ffact, compkt~, comply with and ~b~d~ by each and every the stipulateo~?s, aqreements, conditio~s, and mve~ants of said promissory note and thii mwtpap~ any a eithe?, and said costs, chupes +od e~cpenses. each and every, sMll be inunediatey due and p~yabte: whetAe~ a ~ot there be notice d~ mand, attempt ro collcct or wit pei?dingt snd 1M fvll arnount of each and every wch payment ihalt bear inrerest from tl~e dat~ thereof uroil p~id a1 the rate of nine per centum per ~n~wm; u+d al) s+W tosri, chu~t ud expensea incurred or paid, lopether_with suth it~terest, ihall be satvred by th~ (ien of this mortpap~- 6. Th~t ln the event of sny breach of this M1ort9sp~ w default on the p+rt oi the NIORTGAGOR, w(b) in ths event ~ny of ss~d svms of maxy haein referred to be not promptly and fully p~id within thirty (30) days next after the same sever~lly become due and Fayable. withouf dema~+d a notict, ~ w(~ in~ tl+e ~vent each +nd every tl+e itipubtions, agreernM?1s, conditions and coven+on of sa~d promiuory note ~nd th~s matpa~e any. w either •re no~ ~ ~uly. promptly and fully paforrned, d~scharged. ~aecuted, ~Hected. compbted, complied with ~nd abided by. IMn in either w any svch ~wet tM said a~ pregat~ wm men~ia~ed in said p~om~ssory note -then r~ma+ninp unpaid, with interest acv~ed. u+d all _ moneyi secured hereby. ;Fwll become dw ~nd p+~r - ~bls fw~hwith, a thereafte~, at the option of said MORTGAGEE, as futly arx! completely +s if all of the ssid wms of money were aiginally stiputated ro be paid on sud+ day, anythinq in said promissory note a in this Mwtyaye to the conu~ry notwi~hstanding; and ~F?ereupon w thereafter a~ the option of said MORTGAGEE, witFaut notice w demand, wit at law or in puity, therefore w thereaifer begun, may be prosecuted as if all ma~eys secur~d hereby li~d matured prior to its irutitution. 7. That in the event ~Mt ~t the beyinninp of or ~t sny time pending any wif ~pon thu Mwtgage, a to foreclose H, w to refwm it, or fo enfores payment of any daims hereunder, said MORTGAGEE sh+ll ~pply to the Cou~t Iwving jurisdistion thereof for ~he appointmem of ~ Receiva, such Court sh~ll futhwith sppoiM s receiver of uid mortyaged propeAy ~U +nd sirgular, indud~ng all and singular the irxome, profits, iuues ~nd revenues from whate~e~ source derived, each +nd every of which, it beinp expressly ~nderstood. is l,ereby matgaged as if speuficatly set fwth and dewibed i~+ ths g~~neinp snd habendum clavses hereof, and such Ret~iver shall h~ve all the boad and effecrive fu~ct~wn and powcrs in anywise emrusted by a Covrt to a Reteiver, and such appointme~t shall be mad~ by such Court ss +n adm~ned equity and s marter of absolute right to said MORTGAGEE, ~nd without reference ro the sdeqv~cy a inadeq~acy of the wlue of the p~operty mortgaged o~ to the wnrerxy w inwl~ency of said MORTGAGOR w the defe~dants, and that such ~enn, profin, income, issues and revenues shall be ~pplied by such Receive~ according to ths lier? or pu~ty of said N!ORTGAGEE and the practiu of wch Court. 8. To duly, prompt!; and f~lly perfwm, dischsrge, execvte, effect, complcte, comply with snd abide by each and ewry the siipulations, agreement~. conditioro and oovenants in said p?omissory rate and this mortgagc set fwth. 9. That in the evero the ownership of the mortg+yed premises, or any part thereof, becomes vcsted in a pcrson othe? thsn the MORTGAGOR, tM MORTGAGEE, iri successo?s and sui9ru; may, without notice to the MORTGAOR, deal with tuch wccesso? w auccessor in iMerest with referente to this mortgage and the debt Fxreby secured in the ssme manner u with Mortgagor without in any way vitiatiny w distharging i~ Mortgagors' liability hera under w upon the debt hereby sec~red. No s+le of the Fremises hereby mortgaged snd no forbearance on ths part of the R40RTGAGEE w in suuesson w auigns and ra extension of the time for the payment of the debt hereby secured qiven by the MORTGAGEf or its wcceuo?s or assigns, shall opsut~ ro rekase, discharpe, modify cFWnge or sffect ths aigiosl liability of the MORTGAGOR h~rei~, either in who:e w io paA. 10. It is spec~ficatly agreed that time is of the essence of this contract and that no wsiver of any obl'igation herevrKkr or of the obliyation sr ~ured hereby shall at any time thereaher be held to be a waiver of the terms hereo( w of the instrumeM secwed herby. 11. In add~tion to the forego:ng monthly psymtnts of princ pal and interest required by the ptomissory note secured hereby, mortgsgor coveoants - snd agrees to pay to mortgagee with each monthly payrtrM a~ add~rional'sum estim~led by mortgagee to be equsl to 1/12 of the annual cost of the fdlow- ing: A-All real property uxes kvied~or auesxd ~gainst tha above described real estate- , ~ B-Premiums on fire and windstorm inwrance as lxrein requ~red to be carried on the im{xovements situate on the above deuribed premises. ~ C-Premiums on such mortgage guaronty insurartce as rtwrtgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shait from time to time notify mwtgagor in writing of the amount dve and payable hereunder snd ssxh sum shall thereupon be due snd ! payable on the due date of tF~e next monthly payment and each successive month thereafter ur.til mortgagee shatl notify mortgagor of a ciiange in wch t ~ amount. Such sums shall be applied by mortgsgee toward the payment of real ptoperty taxes, i~swante prem:ums, and mortgsge guaranty inwwnce ~ F premi~rr~. f IN WITNESS WHEREOF, the said MORTGAGOR h+s haeu~to set his hand and usl the day a~d ye~r fi?st aforesaid. Sig alad a li in the prosence of: !'L'~ , ~n il ~LL~Lr~ ~4 ~ r~..q ts.,q STATE OF FLORIOA ~ ST . WCIE ~ . COUNTY OF ~fae Lida M. Dahl Sullivan, a single adult x~ ~ to me well known and known to me to M t the ind;vidw~/ desuibed in and w1w executed the foreyoinp irutrwnent, and scknowled9ed befors ms th~t at?~/ exacuted the same for tM pwpo~es ; a H~erein wcpressed. iva~i~w ' - i ~ WRNESS my Mnd and of€icia! ~tal tF+' - day of 11. D. i9 7O _ ~ Notsry Public in and for tF» Stst~ of Fbrida af lups Cortunission txpires: Retum Ta. . ~ ~.~~taitu~Nyl~~~ ~IW/ PV.?~.? =TA : L j- I Fnr Feaer,~ sa~ings a toan a.ori,r;o~ ~i~1 ~ M~ss~ ~ Fl01qqA . Z. . ~R~ SEpL ~~3 Of fo?t Pierce. ~ • ~ ~=t, ~ Fort Pierce. Fbrids ' Q ~j • _~(~L"?lf~ ~'i, t p ; ~:i:,.~h~.._- - =:.f, • ~r. : FIlEO AND RECOROED~ ' ; . ST, LUCIE COUNTY. FLA. ` ~ J~~ RECORD V£RIF~ED ~ This Insfrument Prepared By Wm. B. '~Y`'~ .~~v..~= ~ ,,"Y'-~.~'.k,'r.t~;,;Q .r.,~. . First Federa{ Savings & Loan Association . •,,i!' ~rt • 1914:~,~ 1 ~ of Fort Pierce, Florida g ~r ; ~ ~-.,~,:,,.,:;~s~~~~' ~ 'TO MAR Z 4 PN 2: I 1 ; '~i''~ `t. ;,~•ti-s Checked By ~ : --'~P~~-~,tt- ; ; dOOK~~W PM;E~V82 Ro~ER POiTRaS ~ ~ CLERK CIRCUIT ~OUR1; ~ ~ ~ ~ . _ _ .._.~~a . 3 : _ . J ~ ~ . ~ r . - ~ ~A~ ~ ~ ~ r ~ E ~='r ~""r` . ~ y~ ~,~~~x~ ~N~~'~-~~",~~a.e. _ . ~"',~'?"~~l~~ _ . .