HomeMy WebLinkAbout1944 !
J. ~o p1x~ ~nd continuously kNp on th~ buildinps aow or MreaflN ~itwt~ oe~ ~~id land and on a11 cquipmenl ~rtd ptr~on~lly covared by ihi~ mort9-
p~, with all pr~m~ums the~eon pa~d in full, fire intur~nc~ in tht usual ~tand~rd policy fam, i~ a tium approved by the MORTGAGEE, and winditwm ~
insura+t~ in tM uswl itandard polrcy lwm, r~ a sum ~pptoved by tM MORiGAGEE, in such company w compa~ies as ~M MORTGAGEE may ~
diredj ~nd aU Rn a~d w~ndsto~m in~uranc~ polKie~ on ~oy of s+id bviW~e~ps. ~ny in~arest ~h~rein w pat ~Ixreof, in tM o99reyete wm ~faesa~d o~ '
In ~aces~ ther~of, sMll contain ~M uiwl standard matgaye~ cl~uw w ivch o~l?er ctaus~ u th~ MatpagN may reqv+a~. m~Minp ths loi~ unda ~a~d poli- }
t~~~. HtA tvNy, payabls to seid MORTGAGEE ~s iN imere~t may ~pp~a~, and t~ch and ave~y ~~rch poltcy iMll b~ promptly ais.yned a~~d de~~Yered ~o
a~y Mld by iaid MORiGAGEE a~ fur~her security to ssid ma~9aQ~ debl, and, ~wt leu than ten (10) d~ys in advance of the expir~~ion o} each policy, ~o dr
Irve~ ro aid MORiGAGEE • re~ewal rh~reof, toqtthei with • rsceipt fw tM premium o1 tuch ~e~ewsl; and ~her~ shall b~ no f~re or windswr,n insurance
pl~ced o~ any of taid buildinps, any inter~tif there~n o~ par~ rhe.eof, ~nle» in tM (am and wi~h the loss payable +~s afaesaidj ~nd in th~ event any wm
o( mo~ey becwnei payable vr+der such policy a policiei said MORTGAGEE shall Mw rAa opt~on to rece~ve and spply the sanie on attount oi the indeb~rd
nesi secw~d hereby M 1o pc~mit s~id MORTGAGORS lo rec~ivs and us~ i1 a ~ny part ~hereof fo. otlxr pwposrs, w~iFwu~ ~ha.cu~ wai~~~~y o~ ~mpan- •
s
ie~p a~y puify, lee~ p~ipht ~nde~ w by v'utw of this mo:tysqr, ~nd i~ ths ~vent aa~d MORTGAGORS shell for s~y reatw? fail to keep ths said premisas so ~
~r,aurd. w f~il 1o dfliw~ prompdy aey of ~aid polKies oi insuranc~ to u~d fNORTGAGEE, or fa~l prompNy to psy tully any prc~mum ~hrrefw a in a~y
~a~p~ct fai) tO pNFwm, dixharge, ~xecute, tffe<t, tomplet~, comply w~~h ~nd ~o~d~ 6y ~i~~i co.o~~a++i, iK s:: 1•~+ •r_nr_cc .,,,i
r w:i l::rr,: i, sa€d :::::R. ^i;
paY fa such Guuru~c~ a~~y pa~t 1lwnof without waivirq o+ •ffsctinp any option. lien. pu~fy, o? ~i9h? unda w by virrue of ~his Mo.r9age. and ~he ~
full amount of each ar?d ~v~ry such paymK?t shall be immediately dw ~nd payeble ~nd shall bear inrerest irom ~hs date thereot u~~iil paid af ~he rate of
nine p~r cN»um px annum end to~rther wifh svch imerest shall be secuied by the lien ot thii mortyage.
1. To pKmit, tommit or suff« no wa~te, impairment ot dNe~iw~tion of said properry or ~ny part thereof.
S. To pay all ~nd stnqula~ tM costs, charyrs ~~d exp~sse~, irtdvdiny a.ea~onable a~~o.ney's fee and cos~~ oF abttrad• of t~tle, incur.ed or paid a~
any ~ime by said MORiGAGEE, bccws~ w ie the even~ o( the failun on the part oi the said MORTGAGOR to duly, pron,pdy snd fu11y pertorm, d~xharge,
execvt~, ~ffect, tomplet~, comply wAh aod ~b:d~ by each and ~very the stipula~rons, agreemeMS, tondit~ons, •nd covenanfs of sa~d promisw~y note and ~his
•TwtQaQe ~ny o? eilhea. ~nd sa;d teu~,, charges and e~epe~sr~. esch and every, shall be immcdiately due and payable: whethe~ or no1 there be notice da
mand, ~ttempr to collect or suit periding; ~nd tM full amouM of exh ~nd every such payment shall bea~ imerest from the dale lhereof until paid at the
rate of ni~ per tentum per an~~um; and all a~id eo:rs, charge~ and expenses incv+red w paid, togelhe? w~th such i~terest, ihall bo secured by the lien of thi~
mortp~.
a n,a~ i~ the w.,,+ of ~ny brexh of this Mwtqs~ o? default on the part of the MORTGAGOR, or (b) in the event sny of ss:d sums of money
hcrein reterred to b~ not pranptly and (ulty paid within thirfy (30) days ncxt aftcr the sa:ne severally become due snd payab'e, without demand w notite,
e. in the even~ each ~nd every the stipuSatiw~s, agreemeots, conditions and covcnaros of sa,d Fromissory oofe and th~s nwrtgaye any w eilher are nol
~uly, promp~ly and fully perfamed, d+uMr~ed, executed. effected, completed, compGed w~~h and ab~ded by, then in e~thrr w any such evenf ~he ia~d ag
gregaN sum men?ioned in ssid promiuwy rwte tMen re~nainiry unpe~d, with iroerest acuued, and ali moneys secured hereby, shall bcco~~e dve and p~y~
•bfe fathwirh, o~ ~hereahr, at tFx option oi said MORTGAGEE, as fully erd comple~ely a~ il all of tF~r sa~d sums of money were a~ginally s~~putatcd
ta be pa=d o~ svch day, soything io sa:d prom~asory note or in this Mwryage to the coe~nary norwlths?and~ng; a~d Ihereupon or thereafser ~t the op~~on of
uid 1NORTGAGEE, w~thovt notice Or demand, suil at law or in equity, therefwt w therea}ter begun, may be prosecuted as if a~l monoy secured hereby
nad m~tured pnot to ~ts ins~itution. '
7. Th~t in tl+e evcnt Ihat ~t the begirx+irg oi p ~t any time pe~diry any tuit vpon thia Marfgage, a to faecloss N, ot to reform it, or to enforce
payment of ~ny cla~ms he?eunder, said MORTGAGEE shall apply to the Court having rynsd:tt~on thereof (a the appointmen~ of a Rece~ve~, such Carrf sF~atl
forehwith appo~nt a receiver oi said mortyaged proQerty all ~nd aingul~?, includ~ng ail and sir,gular ~he income, pro(i~s, issves and revenues from whatever
wurct de~ived, each and every of wh~cA, it beiop expreu~y unders~ood, is hereby mwtgaged as if spec~licalty sel fpth and deuribed in the 9ronting and
habendum ctauses lxreol, and such Receiver sMll Mve all Ihe lxoad and effective funct~ons and powers in anywise entrusted by ~ Cou~t ta a Receiver, and
such ~ppointmeM shalt be made by such Court as a~ admirred equity ~nd a matre~ of absolu~e r+gM to said AhQRTGAGEE, ~nd w~thoul re(erence to the
sdequscy w inadeqvaty of fhe vatire of the property mortgaged or to ~he soivency or insolvency oi iaid MOR~3AGpR d the defendanta, and that suth
renn, profiri, intane, iuues ~nd revenues shall be ~pp{ied by suth Receiver according to the lien ot equity of said Ai10RTGAGEE and Ilm p?actice ot sucA
Court. .
~ -
8. To du!y, promptly and fully perform, duharge, execute, effect, complete, complr yrith ~nd sbide by each and every the st~pulations, sgreemcnls,
conditiens and covenaros ~n sa~d promissay note and ~his mort9age set forth. _
9. That in rhe event the ownership o( the mortgaged premixs, a any parf thcre~(, becomes ~vetted en a per~n other fhen the MORiGAGOR, tht
M.ORTGAGEE, its successors and ss~igns, m~y, without notite to the MORTGAOR, deal witF~ suck wcceua w successor in interest with refere~ce Io this
mortg~ ~nd the debt hereby secured in tht ssme manr~er as with Mortgagw without in any way vit~ating p d~scharging the Mortgagors' liab~lity hera-
~ :0.~""_ ~ F ,.LC: ^I ~t.r IUIIDT~Al:LL .v :~S e rr~ewa
un p ypq~ flr! dlbf hereby tetvrtQ. 1Vp 3til.OT ti~ Frtmi~ ~reoy rrw.:y6yeu' ,-,y .
or auigns a~d no exrension of the time fw Nl+e payment of the debt hereby secured yiven by the MORTGAGEf or its ~uccessors w assigns, shall oper~te
to release. d~schar9e. modi(y chany~ a afiect ~he or;giMl liab+liry of the ARORTGAGOR herein, eitker in wFa~e w Fn pxt.
10, tt is specificatly agreed that time it o1 the esseeue of this contract and thaf no waive? of any obl;gaJion hrreunder or of tha obligati0~ s4?
cvred hereby shah at any time thereafter be held to be • waiver of the terms hercwf p of the instrvment secured herby.
11. In add t:o? to the forego:ng monthly paymenfs of p?inc'pal and inrerest requ~red by the prom~ssory no!e secured hereby, mortgagor covenants
• and agrees to pay to mortgagee vkith each monthly payr,xM an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annua! cost of the follow-
~ng: , .
A-Atl real ~operty taaes levied ar assessed agai•~st the above described real estata
B-Prem~ums on fire ar~d windsrwm iruurance as hcrein requ;red to be canied o~ the improvemenri situate on the abave dtscribed premises.
C-Premiums on such mortgage guaranty insurar,« as mortgagee shail from t~me to ti~ne deem fit to carry on fhe loan secured he~eby.
Mortgagee sf~a:l from time fo time notify rr.ortgager in writ;ng of the amount due and payable hereunder and such sum shall thereupon be due and
Fayabie on the due date of rhe next monthly payment and each s~ctessive month thereafter ur.til mortgagee shall notify mortgago~ of a change io such
aTount. $uch sums sha:t be app:ied by mortgagee toward the paymertf of rca! property taxes, inswance prem:ums, and mortgagt guaranfy insursnce
o+emiumS.
IN WITNE55 1VNFREOf, the said MORTGAGOR h~s Fxrevnto set his hand and seal the day and y ar fint afwesaid.
S~pn Seafed ar, det~ e~ed ~n the p?esence of: FItfO AND RECOR~O~. '
ST.IUCIE COtlNTY LA.
. IiOCER POITR~i . +q
CIERK CIRCYIT COUI~ ~ ~,h
RECORO YER~f1ED
. e n
l~ur 1~ I sT PN'T I
SiATE OF FtORIDA ~ ~09636
courmr oF St. Lucie
eefwe ,n. ,pe.,onauy ,ppeared Jaaes _ M~ Mbore
$8Y8~1 ~'4002@ his wife, to me welt known and known ro me to be
the individwls described in and who ~xecuted the fw~yoiny instrumtnt, and acknowledged before me that they executed the same for the purposei
rherein expressed. Md the sa~d Sd=a21 ~{00=~
w~fe of the said Jases M. 1r{OOr~ upon a sepsr~te ~nd pr;vat~
exam~n~f'an by me taken separste and apart from her said husband, adcnowledged to u+d befwe me that she e:etuted said insrrument freely u+d votun-
rar,ly ~ w;thovt ~ny compulian, constraint. ~pp~eF~ens~on, feu of o~ irom her said husband.
WIiNE55 my hand and offic~al scal this c~ ~~L d~y of ~y 71
A. D. 19
- ~ rfJ~tr.
orsry PubIK in and for tM State of Fbrid~ ~t larp~
My Commission expires:
Reru?n io: NOTARr MlBIlCi ,STATE OF Rpltlq~ ~
F~nt Fede~~I Say~~gs a loan /?swc~ar~on MY COMMISSION EXp~RES SEPT. 23
j,~y~
Of Fort P.e.ce. ,,,,~~N~~WIpr~'',~'~~ ~ F~ ~ ~~~tE(~~ 1
fOr1 PierCt, florida ~~~~s~~~.' ~
~V~, ~
~ ~ 4~:~~~-`;d,J
' .Qt ~~~~~i
J : : .
This Instrument Prepared By R1Chazd K. K,1yl~'i .~'M-x~~~'~:'nl~,
First Federa! Savings b Loan Association ~ r% p~ ~
of Fort Pierce~ Rlorida ,y'• 4 .
. ~ '
Checked By(~~- f '0 R
a~1~,2 t940
~