HomeMy WebLinkAbout1950 . ~ r
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To plac~ and conrin~a,siy keep on tM buildirp~ ~ow or Mreaft~r situ~t~ on ie~d ~end end on sll equipme~t and p~na+ally covered by thii mort~ ;
w~th ~il pr~miumi ~hcrcon pa~d i~ iull. fue insur~~a in tM uswl s~andsrd po~icy iam, i~ a sum approv~d by the MORtGAGEE, and wind»am i
insu~anc~ in tM ~swl ~tandud pol~cy fwm, in • sum ~pproved by tF+e MORTGAGEE, in ~uch company ar comp+nies as tl+~ MORT;sAGEE m~y
d~nc~j a~?d •11 (iro end w~r+duorm insurance poliue~ on +~y of sa~d bu~id~nys. ~ny inie.es~ rherein w part ~hereo(, in iht ~ggrcqa~t tum alwese~d o?
In ~~tYa Ihereof, sMll con~sin the us~al u~~,dard mort9aS,ps claus~ o~ such other ci~uss ~i Ihe Matgages may ~cqwr~. maAinp ~he tou unde? sa~d poli-
tiN, Nch and ~va?y, payabie io said Ri~RTGAGEE ~s +h int~reat maY =p=srst, snd rath a^d every s~~th ~~:~y ah+ll h~ promptly aas.gnetl and dalive~ed to
~ny 1»Id by s~id MORTGAGEE as (urther security to t+id mortpafle dcbt, and, not kss tha~ Icn (10) days in advance o1 ~he oap~ration of each potity, to da (
livt~ ~o said MORTGAGEE a rer~ewal thereoi, topelMt wilh • reteipt fw the p?amium of suth renewal; and there shall be no f~re o~ w~~~dstof~n insurance C
pl~c~d on ~ny of said buildings, any in~eresl the~ei~ or p+rt ~hereo(, unles~ in the form and with the loss Rayable si a(aesaid; •nd in the evenl any ~um
of money becon+es payaWs w+dsr such policy a policiss s+id MORTGAGEE ihall have ~he option ro receive and apply tha same on account of the indebted-
ness secv~~d ia~epy p p permil uid MORTGAGORS fo ~tteiw snd use i1 p any part the+euf lo~ othcr purposes, v~~~hout Ih_.eu~ waivi.~~ or ~~npair-
;r.y any equ;ty, lien p righl under u by virtus of Ihis mortyaps: ~nd in the •vent ss~d MORTGAGORS shall fo~ any reason fail to kesp ~he said p.emi~rs so
inivred, w fail ro deGwr pranptly any of faid po~~cies of insursrKe 1o said MORTGAGEE, w fail promptly to pay fully any pre~nwm therefor or in a~y
respact lail ro pN{wm, diuharqe, saecute, e1(ect, compkte, comply with u+d ab~de by ~hit covenanf, w any par~ ha~eof, said MORTGAGEE may p~ace and
pay fo~ such inwranc~ or ~ny pa?t thereof wi~hout waivinq a affectinp any option, lien, cqu~ty, o? rigM under w by virrue of ~his Mw~gags, and ~he
f~ll amounl of tach and ~v~ry suth psyment shall be inunedi~tely dve and payable ~nd shall brar interest from the date thereoi u~til paid a1 the rate of t
n;na per ce~tum par anrwm and together with tuch intc~eu shall be secured by the lien of th~~ matgage.
4. To p~rmir, commit w tutter no waste, impairmtnt w deterioration of sa~d propcrt~ or any part thcreof.
S. To pay aIl and sinyuln the coari, charyes ar+d exp~nses. ir+dud~n9 a reasonable at~orney's fee and cos?t of absf~ads oi t~~te, incurred or paid ~f
sny time by ssid 1NORTGAGEE, bttauss ot in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~form, d~scha.ge.
e:etute, tffect, complet~, comply w~th ~nd ab~de by each ~r.d every the ~tipulatrona, a9reements, conditiau, and covenants oi said p~omiisory ~ote and ~his
mortyp~ any a eithe~. and sa~d costs, charqe~ ar+d eapenses. each and every. shall be immediately d~~e end payabte: whe+her w ~ot there be no~~ce da
m~nd, attempl to collect w suit pertd~ng; ind the full amount o) eaci~ and e~ery such paymene shall bear interest irom ~he date thereof until paid al tht
rate o~ nine pe? tentum per amtum; and all wid tosts, charges and expenus incurred p paid, toyether v,~th such interest, shall be setured by the lien o1 thit
mortyay~.
Q That (a) in tAe avtv~t of any bresch oF Ihis Matyspe o~ defau~t on tM part of the MORTGAGOR, a~b) in the evem a~y of sa~d tums of money
herein referred to be no~ promptly and lully paid within Ih:rty (30) days next after ?he sanx severatty beco+~x due and payable, wi~hout demand w not~te.
or (V in the evem each and every ~he stipvtations, agreemenn, cond~tions and covenants of sa:d p~omissory nme a~d th~s mo~tgage any o~ e~thrr a~e not
~~ly, p?omptly and fully performed, d~xMr9ed, ~xecuted, ~flected. completed, compl~ed w~~h and ab~ded by, then in e~~her o~ any s~ch went th~ s~~d ag
pr~gatt wm mentioned in said promisswy note then remaining unpa~d, with interest accrued, and all mo~eys secured hereby, shatl 6ccome due a~d pay-
abte fwthwith, or rhereaffer, at the opt~on o( said MORTGAGEE, ss fully and compluely as i( all of ~he sa~d sums of money were w~g~nslly sl~puia~ed
to be paid on s~ch day, anythirg in sa:d prom~ssory note a in this Mortgage to the contra?y notwithstanding; and thereupon or thereaftm a~ the op~~on of
se~d H10RiGAGEE, w+thaut narite or demar.d, wit at law or i~ aqviry, therefo?e a therea(rer begu~, may 6e proxtuted as if all moneys secured hereby
nad matured prwr ~o ~ta institution.
7. That in the event tha/ at the beginn+ng of w at ~ny time pending any su~t upo~ this Mortgage, a to foraclose it, a to reform it, or to enforc~
payment of a~y cfa~ms herovnder, said MORTC,AGEE shall spply ta the Court ha~ing ju~iad~crio~ thereof tor tt~e appo~otment of • Receive~, such Cour~ shall
forthwith appo~nt a rece+ve? of said mortgaged prooerty all ~nd sin9vlar, intlud~ng ail and :ingu~ar fhe income, p~of~ts, issues and revenues from whatever
source derived. each ~nd every of whrch, it be~np expressly understood, is hereby mo.tgaged at if spec~fiulty tet fwth and described in the g~am~ng and
Aabendum clsuus he~eof, ~nd such Receiver shall have all fhe broad and effeciive funcf:o~+s and powers in a~ywiu eNrusled by • Ca~~t to a Rcceiver, and
s~ch ~ppointment shall be made by such Court as an adm~tted equity and a matte~ of absolute right te said MORTGAGEE, and wi~hout reference to the
~dequacy a inadequacy of the v+lw of ehe p~ope.ty mortys9ed w to ~he wivency or ~nsolvency oi said MORTGAGOR p the defendants, and tha~ such
~enrs, profits, income, 7ssues and revenues shalt be applied by such Receiver accwdin~ ro the lien or equity oi uid MORTCsAGEE and the practice of such
CouA.
8. To duty, prompNy and fully perfwm, d~scharge, eaecute, ef(ect, complete, comply nri~h ud sbide by each and•every the stip~tations, ag~eements, +
conditans and covena~ts ~n sa~d p?omiswry note and th;s mortgsge set fwrh. ~ '
9. ?hat in the event rhe ovrncrship of the mortga9ed premixs. w any part thereof, becomes ve:trd in a pecson other than the MORTGAGOR, the
MORTGAGEE, its successws end assgns, may, w~thout notice to the MORTGAOR, deat w~th such succe:sor w successo~ 1n interes~ wirh retercnce to this
morl9aye the debt h~reby secured in the same ma~ner as with Mo?tyagor w~thou~ in any way vitiating w d~xha~ging the Mortgagorf' liability here-
under p upon the debt hereby secured. No s~k of the premises hereby rtw.tgaged ~nd no forbearance on the part of the MORiGAGEE or its tuccessors
w assgns and no earension of the time for the paymenl ot the debt hereby secured qiven by the MORTGAGEf or its succeasws p su:gns, ,fwll operate
ro release, d~xh~rge, mod~fY change o~ sffect the o*g~na~ liabifity of 1he MORIGAGOR hcrein, either in whole or io parf.
10_ It is spec~fically agreed tMt time is of the esse~ce of this contract •~d that no wsiver of any obtigarion hereurxler or of the obliy~t'an se-
cured he+eby shall at any time thereafter be held to be • wairK of the terms hereoi w of the i~strwnent secu~ed he.by.
11. In add.r:o~ to the iore~o:ng monthty paymems of princpal a~d interest required by the prom+swry rsore sec~~ed herebf, mortgagor cove~?ants
and ag~ees to Ray to .no:tgagee w~th each monthfy'payr.,ent an add~rional sum est,ma+ed thr mo~tgsgee to be equal to 1,' 12 of the annwi tost of the fo~low-
, in~:
A-A~I real property taxes kv~ed or assessed agai~st the above described real estare.
8-Pren:~u~ns on lire and windstorm ~nsurar.ce as herein requ:red to be carried on the ~mp~oveminT: a~tuate on the above dascritr~d premises.
C-Prem:vms on such mortgage guaranty ir.surer:ce as mortgagee shatl from. t me to time deem fit to carry on the toan secured hereby.
Mortgagee sha l from timr to time noti(y mortgagw in writing of tF~e amount d~e ar~d payahie hereundar and svch s~T shall thereupoo be due •nd
F ayab!e on the due date of the next month:y payment a++d each successive month thereafter vr.til mongagee shall nohfy mortgagor of a change in such
i a^o~m. Such sums sl~~ + be ipp!~ed b~ mwtgagee toward the payment of rea~ prope~ty taxes, insurance prem:ums, and mortgage guaranty iosurance
~ o~emiums. '
IN WITNESS WHEREOf. the sa~d MORTGAGOR hss hereunto xt his hand snd seat the day and year fint a(o~rsaid.
~ Sgned, S~a1ed a e~~~ee ~n ~ w~c~ or: i1lED ~?ND ItECOR~E~ ~-e '
~ ST.lUC1E COUNTY t ' 7 ~~,q
~ ROCER POITR~S ~ ~ ~
CLERR C~RCUIT COUR 't'~~
~ _ RECORO VERIFIEO (Se+q
~ - M~Y 2~1 I sa T
~ STATE OF FLORiDA ~ ~ 2~39
~ caurm oF St. Lucie
defo~~ m~ p~rsonally appeared Ra1Rh B. Giaer ~ ,,,a
Harriet 1.. ~~@1 his wife, to me well known •nd known ro me fo b~
rha individwls dewibed in• and who eaecuted the tagoiny instrumeM, ~nd scknowledged beiwe me that they execufed the same for tM .pwposes
~ Harriet L. Giger
~?,e.~~, ~:p.~Kd. s,~d rn. ..ca
Nf
. }~1 J .1 .
~ «,r~ o~ rh. .~~a Ralph B. Gigez - ~,~o„ ~9•• , ,;~a.
r¦amin~t~on by me taken separ~te and apart from her said husband. atknowledged to and before me thal she e~cecuted said ~ ~Ohtn~-
~ rar~l~ ind w~thout ariy compulsion, conseraint, apprehens~ or fear of w from he~ said husb~nd_ 3? • s
~ WITNESS my hsnd +nd oificui seal thii day of ` ~ I' D.~9~
~ ~ : c
~ Nota Public in and fo the Sut~:o ~i ~f~
~ My Comm~ssion sxpires: " /ji•':.h - _ ~ ~ r
t .
° Retu~n To: NOTARY Pilt3UC SiafE c f F1~RIp~'i /~~S~~Lv
First Feder~l Savings i loan Associat~on Mr COMMISSION EXPIRES MAR. Y"~
~ Of Fcrt P,e:ce. YENERAL IN~~~rE ~~~R~j~ ~~~~a~~
tor~ V~erca F~orida
~ 3 •~_ys ?
~
~
This Instrument Prepared By ~oh1i M. COllitfs
~ First Federal Savings b loan Association
~ ' of Fort Pierce ~ R10 rida
~ Checked By
~ ~6a(
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~ ljs
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