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HomeMy WebLinkAbout1747 . To plac+ and continuovsly k~~p on tM buildinps now a Mreafla Ntuat~ on ~~id lu+d +nd on ~I~ equlPm~N +nd W~w^+~ly tovertd by 1hlf mat¢ ~y~, with all premivms thereon p+~d io full, fir~ insvranc~ i~ iM uiual ~tandud policy fwm, {n • sum ~pproved by ~he MORlGAGEE, and wi~dstam i~sw~nc~ i~ tM vswl iundard pol~cy fwm, in • sum ~pprovsd by the MORTGAGEE, in tiuch company or compa~~es +s t?w MORTGAGEE may dirsctt ~nd ~il fir~ snd windstorm ir?s~y~nc~ polic;ca on any oi said bvild~np~, ~ny int~.~~t ther~in w w.~ Ihereof, in tM spy~e9ar~ sum afaei+~d or in excesf fhereof, sMll contain tAs uiwl s~u~dud ma?9a~ clsuse or s~ch othe~ clau~s es ~M Mat9~~~e m~y requue, mawinp ~Fa !ou uoder sacd poiF cies. each aed ~wry. paY+ble to ~~id MORTGAGEE as its in?ereil m~y appear, and eacA and ~ve.y ~vch policy ~hatl b~ p~omptly ass.9ned and delivered ~o anv Mld by Hid MORiGAGEE ~s furtMr iscurity to said mortp~y~ d~bt, a~d, no1 les~ tMn ten (10) days in advance ot ~he expir~tion ol each policy, to dr liw~ to taid MORTGAGEE a reoewal tF~wf. top~U+K with a ret~~pt for te+e pn.nivm oi wch ~erww.~; .rKi sho:: ~`•s~l ba fE:c ar +^s:••sr~r ~ plac~d a+ ~ey of said build~npi, any i~tereit tF~aie w p+rt tMreof, ~n!eu in tM (orm and with th~ toss pay+bl~ ai afaeaaid; and in tF+~ evenl any tum of narny becomes paYabl~ ~nde~ such polky a policiy said MORTGAGEE ihall Mw ~ha op~ioe~ to raceive and apply the sa.~+e a+ account of the indebted- ~eu sec~~~d ht~fyy p/p permit said MORTGAGORS t0 ~ectiv~ ~nd uf~ it p any part thereol for other purposrs. without Ihar~b/ waivi,~g o~ ~mp~ir• b inp any pvity. IiM or ryht w+der or by virtw of this morsp~pe; N~ i~1 tIN ~VMI N~d A10RTGAGORS sAall fw s~y reason fail 1o kecp the iaid prem~ses io intu~ed. o? f~il b deliver promptly u?y of iaid politiq of in~t?tance to said MORTGAGfE. a i~ii p~w~,ptiy to pay fulty any pre:nium thtrsfor w in anY r~spect f~il w pM(o~m, d~ich~rge, ~aecut~, effM, complete, comply with u~d ab~de by th~s cove~an~, w any part hereoi, sa~d MORTGAGEE may p~ace ar+d paY fw such trauranc~ or ~ny part thtreof witho~rt waNinp w+ffectkg any op~ion, lien, equity, w right unda? w by virtue of thi~ lNortya~e. and the ~ full amounl o) ~ach and ~v~ry suth p~yment sfiall b~ immediaqly dw a~d pay~bte and sha~l be+r intcrest from tF~s date therco( until paid a1 Ihs rate ol j n~ne pa centum p~r annum ~nd toge~ha with iuch lnterest sh~11 be secu~ed by the lien of th~s mwtgage. s , 1. To p~rmit, commit w ~uffM no wute, impairment a deterioration of uid prope~ty w+nY P+N ~~~~f• ? t 5. To pay all snd sinpular the tosb, tha?~es u~d ~xpenset, including • reasonable aftwney's fee and costs of abstrsdi of title, incvrred w paid at i a~y time by said MORiGAGfE, bet+use or in ti+~ tvant of 1l+t failure on the pa~t of ~he taid MORTGAGOR to duly, promprly ~nd fully perform, d~scha~ye, executs, eitecl. comptets. comply w~th and ~b~de by e+ct+ and every the stipulatwns. agreements. cond~tior?s. a~d covenants of said prom~:sory note ~i+d th~~ mor~ya~e any or e~~he~. +nd sacd costs, chuyes +nd eapenses, each and every. ihall be ~mmediatety due and piyable: whe~her or r+ot rhere be norke da ~ mand, ~nempt to colled or suit pend~ny; and th~ full amount of each and e+ie?y such payment shall bear interest from the date thereof until paid at the ~ rate o( nine per cenwm per annum; and all said costs, cha~pes and expenses incu~red or pa~d, togetiur w~th svch i~terest, thatl b~ iecured by the lisn of tha ~ mwtpsp~- 6. That (s) in the event of a~y lxeach of tfiis Morty~~ a default on ~he part of the MORTGAGOR, w(b) in ~he eveRt ~ny of ss~d s~ma of money ~ herein referred to be not promptty and fuliy paid within ~hirty (30) days nex~ after the same severa'!y become due and payable, withoui de~nand w notite. ~ or (c) in the event each and every 1F+e stipulations, agreemenn, conditians and cove~+ants of sa;d promissory note and th~~ mor~gage a~y o~ e~ther are not ~ ~uly, prompNy and fully performed, d~xMr~ed, executed, e~fected, compl~ted, compl~ed with and ab~ded by, then in e~ther w sny such event the s+~d a¢ S gregat~ sum meMioned in said prom~sswy rate then remaining unpa~d, with interesl accrued, and alI rtwneys xtured hereby, shalf become due ~nd pay~ ; able fathwith, w thrreafter, ~t fhe option of said MORTGAGEE, as fully •nd completely as ii all oi rhe sa~d sums of money were a~ginslly st~putated ; to be paid on such day, anylh~ng in sa;d promissory note or in this Mwtgage to the coo~rary notwithslanding; and thereupon or therealter a1 the option of ~ said MORT(3AGEE, without ~ot~ce w demand, wit at I~w w in equity, thcrefore o~ thereafter begun, may be prosec~fed as if all mo~eys secured hereby ~ had matured pnw to its institu~wn. j 7. insi in fihe evcvd that.at iitit alginn:ng os o? ai a~sy i:~.c ~:s:xii:r3 c::y s_:i ::~r= ;`:s :•ri,.-?ysye Q~ c,..4,i R:.~ .~s...... ~n .n4r~.~.~ ~ payment of sny cla'sms hereunder, said 1NORTGAGEE shall apply to the Court having jur~sdictan ~hereof for the appo~ntmem of a Receiva, such Cour~ sha~l f Forthwith appoint a ~eceiver of said mwtgaged property atl and singular, includ+ng all and sirgu~ar the income, proF~ts, issues and reve~ues from whatever source derived, each and every of wh~ch, i~ beiny ~xpressly unders~ood, is he+eby mortgaged as if spec~licatly xt fw~h and deuribed in the granting and habendum clauses hereof, and SUth RCCtivN shall have all tl+e broad and effet~ive fu~cnons and powcrs in anyw~:e entrus~ed by a Court to a Receiver, and auch sppoinrment shall be made by such Court as an admitted equity ~nd s m+tte~ of abwlute right to said MORTGAGEE, and wi~hout re(erence to the edequsty or insdequacy of the wlue of the prope~ty mortga9ed w to the sotvency or ~nsolvency o( said NSORTGAGOR w the defendants, and that such rent~, profin, uxane, iu~es and revenves shall be applied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such CouA. i 8. To duly, p?omprly and fully pe~fo~m, discharge, execute, effect, comple?e, comply with and abide by each and every the stipuia~ions, egreements, 1 cwidi~a~u and covena~ts in sa~d promissory rwte and ~h;s mortgage set fwtfi. 9. That in the eveM the ownership of the mortgaged premixs, w any part thereof, becomes vested in a perwn other than t1ro MORTGAGOR, tl+e MORTGAGEE, ih successws and suigns, may, witFaut notice to the MORTGAOR, deal w~th such successor o~ successw in interest with retrrence to this mo~rgape and the debt hereby secured in the same manner as with Mortgagor wifhout in a~y way vitiating a diuharginq the Mortgagors' liability Fxrt under w upon the debt hereby secured. No sale of Ihe premises he~eby mwtgaged and no forbearance on 1he part of the MORiGAGEE w its successo~s or aug~s and no extens~on ot the rime (or the payment of the deb~ hereby sec~red given by 1he MORTGAGEE or its successors w su~gna, a~`~all operate to release, d~sch+rye, modify change or affect the wg~nal liab~tity of the MQRTGAGOR hcre~n, either in whole o~ in pa~t. 10. It ia spedfically agreed that time is o( the esxnce of this contrac~ and that no waiver of any ob~~ga~~on hereunder a of the obligation se- cured hereby shatl at any time ~hereafter be held to be • waiver of the terms hereof a of the instrument secured herby. ~ I1. In add~tioa to the fwego:ng moMhly paymeMS of princpat and M~eresf required by the promissory oote secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee w7th each monthly payment an addi~tonal sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxts levied or assessed against the above dex~ibed real e:tate_ B-Prem~~ms oo f~re and wind:torm insurar.ce as herein requ:red to be carried on the improverne~ts situate on the above desvibed premises. C-Premiums on such m.o~tgage ~uaranty irtsurar,ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby_ Mortgagee shall from time to t~me notify rtartgagor in writ~ng of tFx amo~:~t due and payabfe hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next month:y payment and each successive mo~th thereafter ur.tit mwtgagee shall not;fy rteortgagor of a change in suth . amo~nt. Such sums aha~l be applied by mortgagee toward the payment of real property ta:es, insurance prem;ums, and mortgage guaranty insuranct E premiumf. f IN WITNE55 IYHEREOF, the said MORTGAGOR has hereunto set his hand and seal fhe day and year first afor~ ~ Sign , Seated an delive~ed in the presence of: , ; ~ a0 ~ - f11f0 AMD ~ECOROEO ~ SS.IUC~E ~OUKTY FLA. ,4 ~ RQ~ER PvitRAS . ~~n CIfR VERIf ED ~OU~ rS"~ ~ AECORD STATE OF FLORIDA 45 aM, 1• couNnr oF 9t. Iucie - ' D. Trefelner 2(?'9495 ' Before me penortally appeared , ; Genevieve .S. ?refelner ~ h;, W;r~, to me well known and known so me to be the individusb described io snd who exauted tha fuesoiny instrument, rd +cknowledged befwe me that they executed the aame for the p~rposes ~ rn«~~ ex~.~a. a?a tiene~ieve S. Trefelner ~ ,r~~fe of the ssid ~~S D. ?refelner upon a sepuate +nd priv~t~ examinat~on by rt+e taken separate and apart from he~ said husband, adcnowiedged to and before me that she executed said instrumeN freely snd wluo- ~ rarily and withovt any compultion, constraint, ap~xeheosi fear of w from her said husband. WlTNESS my hand and official seel this day of ~ A. D. 193L ~ ~ ~ 1 ~ _ ~_~l.( i~N ~y Notary Public in and ior the Stat~ of fbrida ~t Lar~e ~ ~ - Mx, GmR?iuion ~apires: ~ Retum to: N„~uur~;;,;~ ~ NOTAR~ PU311C, STA1E pF Flpg~py~ AT IJIR~E ~ First Feder~l Savingi ~ Losn Atsociation = ` ~ . • ~w; MY C'1MMISSI7N EXPIRES SE~~ ig~ ~ . ~ Of Fort P~erce. ~...i.'.••,` ~~'y T~ F~ w. Fort Vierce, Flo~ida ~ ~ ~ • ~ . : i .~.a1~ I ~ ~ ~ ~~t~r C~ Rr ~ i ~ = •R~ ~ ' ` • ~ ~ - • r ~(:'1 : ~ ; t 7' i ~ This Instrument Prepared By dOhA W. CO r0,~{:./~ a,,.~;_;; ~ First Fede~al Savings b Loan Association '•'',;v-••+ : ~ of Fort Pierce~ j~oMdg .%,,~•(r'•~••.•••• ~f••. , IL . ~ ••,~f~ ~ Checked B _ ~ ~ ~o~lsz s~r~ ~~S ~ ~ . ~ ~2": .,,~~w~