HomeMy WebLinkAbout0055 3. To p1ac~ and conttnuously kkp on tl+~ bi?iidinqs now or 1+N~aftK utuat~ on said lu?d a~+d a? a11 eq:+ipment and p~?sonaily covNad by thi~ mort¢
sq~, wi~A all pr~mwms therwn pa~d in tull, fir~ ir?t~ra~ce i~ rM usval arandard policy fp~n, fn • tum app~ovrd by ~M MORTGAGEE, and wind~to~m
lnwrinc~ in tlw ~?swl stand~rd pol~cy iwm, ie a sum approved ~y tM MORTGAGEE. i~ s~?ch company or companie~ a~h~ MORiGAGEE may
dincts ~nd atl iu~ and windstorm inwrai+a policiea on any of said build~nps, ~ny t~tu~~~ tharein w part theraoi, in tM ap~rep~~~ wm afor~~id o~
In ucc~ss tMnof, shall contain ths uswl stindord mortgs~t cl~VS~ a wth other cl~us~ ai th~ Mort9age~ may rpuue, makinp tM lo?a undtr said po1M
ci~s, each and every, p~yabk ro said MORTGAGEE as its intaest may ~pp~ar, ~nd each and ~vsry tuch poiicy sMll b~ prompNy au:y~e.~ and detivered to
~ny I+~W by ssid MORTGAGEE ~s (ur~her security ~o said mortya~ deb~, and. 001 kss than ten (10) days in ~dva~ce of ths sxpir~tion of e+ch pol'~cy, to dr
liv~r ro i+id MORTGAGEE •.~r?ewsl thereof, toqe~hK wi~h • rece~pt fw tM pr~mium of such .enewal; and ihero shall be no f~re or windstwm int~ranc~
plac~d on u+y of said buiWirgs. ~ny inte~est therein or p~rt thereof, unleu in th~ form end with the loss payabk as afassaid; ~nd in tM event a~y wen
of mon~y becomn payable ur~dei such policy u policies s~id MORTGAGEE shall h~w ths option to receive and apply the ume on accoum of tM inci~bted-
nesa sccund Mreby o~ b permit ssid MORTGAGORS to noeiw and uss it a+ny part thereof fw o~hcr purposes, w~~lw~t IherFb~ waivi~g or ~mpair-
iny any equ~ty. lie~ or rqhl unds~ a by virtw of this morrQaflsj ~nd In tM ~vent said 1V10RTGAGORS sl+all for any reawn fail to keep the s+id premises w 1
inwred, w fai) a dtliver promptly ~ny of said policies of imurance to said MORTGAGEE, o~ fail promptly to pay tutty aay premi~m therefor or ie any I
rsspect f~il w pNform, discharge, execute, tffect, complete, comply with +nd abid~ by thi= eovenant, a any pa~f harsof, ssid MORTGAGEE may plap and ~
pay fo~ avch imurancs w u+y p+rt tF~ereof without waivirg or afftc~iny any option, lien, equity, x right under w by virtw of this Mwtgspe, ~nd 1M
full amounl of each ar?d ~wry s~xh payment shall be imrtrodi~tely dve end pay~bk and shafl bear intarest from ths_ dats thereaf until paid s1 the rat~ o!
nine per ceotum pe~ ar?num and togelher with uxh inte?cst shall be sscu?ed by the lien of this mortpage.
1. To permit, commit a wffer no waste, Impairment or deterioration of s~id property w u~y psh thereof.
S. To pay sll and singulu the costs, clWrg~t u~d expK~ses, irxludinp a reasonsbl~ attar?ey i fee and costs of ab~tracts of title, incurred or p+id at •
any time by said NIORTGAGfE, becavse or in the event of the failwe on tM? pan of the said NtORTGAGOQ to du1y, prompNy and fiully pe+form, d~scMry4 !
exec~te, effed, complers, comply with arw) abide by escb and every tlx stipulations, agreements, conditioi?s, and covenants of ssid promissory note and thii
mwtgage ~ny w e~~her, and said coats, ch~rges ~nd expenses, each and every, shall be immediately dve and payable; whethcr or not there be notice da
msnd, attempt to colkct or suit pending; snd the tull amov~t of each and evcry wth paymcnf shall bear interost from Ihe date therMf until p~id at the
rate of nine per centum per annum; a~d all said oosts, charges and expenses incurred w paid, together with such intcrest, shall be secured by the lisn of tha
mort~sye• -
4. That (s) in the event of an breach of this Mort ~
y gage or defautf on the part of the MORTGAGOR, a(b) in the event any of said sums of money
hercin ?efared to bs not promptly a~d fulty paid within thirty (30) days next after the same severatly Ixcome due and payable, without dema~d w notice~
or in the evem each and every the stipulatia+s, agreements, conditans a~d coven~nq of said promissory note and this mortgage any a eilAer a?e o01
iuly. promptly and fuNy performed, d+scharged, execvled. eftected, comP:eted, compl'~ed with and a~~ded by, then in either oi any such event ths said ag
9regate sum menrioned in said promissory note then remaining ~npaid. with iMNest acuued, and all moneys setured hereby, shalt become due ~nd pay-
able fathwith, or the~eaiter, at the option of said IYtORTGAGEE, as f~lly and compktely as i1 a11 of the said sums of money yvere aigi~atly st~ lated
to be pa~d on such day, a~ything in sa~d promiuory note w i~ ihis Mo?tgage to the contrary r?otwithstanding; and therevpo~ w thereafter at the o tio~ of
said MORTGAGEE, without notice or demand, suit af law ot in equity, therefwe or thereaftcr begun, may be prosecuted as if a!1 rrwneys setvied hereby
had matured pnor to +ts irotitutio~.
7. That in the trveni Iha~ at the begine?ing of or at ~ny lima pend'rsg as~y wi! vpx? ~Iks N!erfgage, o~ to faetlose it, or to refwm iL or fo enforae
payment of any da~ms herevnder, said MORTGAGEE shall apply to the Court having jurisdictio~ thereof fw the.appointmenl of a Receivev, wch Gam shalt
fathwith appaint a receiver of said mortgaged property all and singular, includ~ng all and sing~lar the income, proiits, iuues and revmves from whateve?
sovrce dcrived, each and evcry of KIlKI1, it beinp expressty understood, is ixreby mwtgsged as if specifically set forth and described in the g~anting ar+d
habendum cla~ses I,ereof, and such Receiver shall 1?ave ~Ii the broad and effecrive functions and powrs in anywiu enhusted by a Court to a Receiver, and
such appanfinent shall be made by wch Ca?~t as an admitted equity and a rrWtter of absolute .right fo said MORTGAGEE, and withovt refer~ote to ths
adequacy a ioadequscy of the value of the property mort9sged or to the solvency or insolvency of said lIAGRiGAGOR •or the deFendanfs, and thaf such
rents, profits, incwne, iuves a~d revenues shall be applied by suth Receiver accordirg to the I'~en w equity of said MORTGAGEE and the practice of such
Cou~t.
8. To duly, promptly ~nd fully perform, d'~scharge, execufe, effect, core~kte, tomply with and abide by tath and every the stipulations, agreemeats,
conditions ~nd covenaots in said promiuory rate and this mortgsge set fa~h.
9. That in the event the ownership of the mortgaged premises, or a~y psn thereof, beeomes vested in a penon other tMn the MORTGAGOR, the
MORTGAGEE, iri succesw?s aed auig~, may, without notite to the MORTGAOR, deai with iuch waessa or successor in iMerest with refere~ce ro this
mortgage and the debt hereby secured in the same manner as with Mwtgaga without en arry way vit;ating w diuharging the Mortgaflors' lisbility hcre- ~
under or vpon the debt hereby secured. No sale of the premixs hereby mortgaged and ~o fwbearance oe the part of the MORTGAGEE e? its successws
w essgra and no extension of the time fw the payment of the debt hereby secured yiven by the MORTGAGEE or its wccesson or assipra, ,fial! opeiats
fo ?ekase, d;xhar~e, moclify thange or affect the orginal lisbility of the MORTGAGOR hereiA, either in whole w in put. .
10. It is speufically agreed that time is of tha euence of this contract and that no waiver of any obl;gsYwn hereunder w of the obl'~gstion se-
w~ed hereby shatl at any time thereafter be held to be a waiya of the terms hereof or of the instrwnent sec~red herby.
I1. In additio:? ro the fo~ego:ng mont6lY PaY+ner~s'@f p?i+t~al and-iyt~rest, reQuired by the p~omiuory nore sec~red hereby, mo~tgsgor covenants
' and agrees to pay to mortgagee with each monthly payment an addiianal sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
A-All real property taxes levied w assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as he~ein requ~red to be ca~iied on the improvemenh situate on the above desvibed premises.
C-Prem;ums on such mortgage guo?anty insurance as mortgsgee shall from time to time deem fit to carry on the loan secured hereby.
Mwtgagee shall from time to time notify mortga~or in writing of the amoum due and payable hereunder and such sum shalt thereupon be d~e and
payable on the due date of the next monthly payment and each successive mo~th ~Fiereaher ur.til mwtgagee shall notify mortgagw of a change in wch
amount. Such sums sFa:l be applied by mwtgagee toward the payment of real property faxes, insurance prem:oms, and mortgage gusranty inwrance
premiums. - •
IN WITNE55 WHEREOF, the said MORTGAGOR has f~r~,u~1t ,~st F{~ y a year fi or
sNkd er der in e,e pr~e~ce of: !'~L.~U A{~1~~~~~~J?=''
$T. I.UCI~ COUNTI~': ~ ~ ,
~ RECORD VERIFIEO ~o2d H~ i
n.
ness ~ 1~4~~ '
ness '~0 ~U~ 8~ M%`~ rtrude B. Wiechmann ~
STATE OFMOMYi~ Ofj~~ ~ ~
~
~o~~ of ~ C vy~yo~i~ oc Foiz as
8efore me persona!!y appeared ~
and
, ~2'~iMld@ ~eC~1~S1~1 his wife, to me well krawn and krawn to me ro b~ ~
the individwfa described in and who exeaited tF+e forepang instrument, and edcnowledQed befue me that they execvted the same for the pwposes
.x~,~„~. ~ ~t„ Gertrude B. Wiechmartn ~
wife of the ~~d ~ Arnold M. Wf@ChIRaIIri ~pon • ~epsrate and pdvat~,
examination by me taken xparate and apart from her said husbantl, aduwwladged to and befwe me that she exec~ted said ir?itrumer?t fnel~ aRd volyik'- .
tarily and without any compulsion, constrsint, appreFxnsions~ar of or from her said husbsnd. :
WRNfSS my h~nd and official ~eal this day of ~ ~ 19~
t ,
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. Not Pubtic in and for tl~e State of ii~s~t Lupi
Retvrn To: ~ Convnissan expires: O~~•O. ~
fint Fetkr~l Savings 3 loan AssociaYar+ ~OHN S. ~AMPPERT, AtbO~t~p~( at 1gM " #
;y"/ _ t
Nota Publk • State of d ' `
Of Fort Pierte. ry . !
Fort Pierce. Flwida My COIIIRI~SSI011 ~lit 110 t7f~ib011 QiE! $~'~f~: i
~Ii9~iP/~?F.~[LS~ CvY'f~i6/.6~~',~..',.Cii~y,?T~/ :
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This Instrument Prepared By J. D. Chastain
First Federal Savings E~ loan Association -
of Fort Pierce ~ Florida
;
Checked By ?
800J( 5 PAGf ~ " . Pa
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