HomeMy WebLinkAbout1952 3. To plx~ ~nd continuou~ly ke~p on ~hi build~nqs now o? M~~~I~K ~itu~~~ on ~a~d tand and o~ alt cquip~nent and psr~onally tove~ed by ~hi~ m~~9•
p~, wilh ~11 premivm~ ~he~ea+ pa~ i~ full, lire ioiur~nc~ in ~h~ uw~l s~~ndsrd po~K/ form, in • wm apwowd by ~M MOR~GAGEE, ~nd wind~tam
i+,~u~~nc~ in tM uiual ua~da.d pol.cy form, in ~ avm ~pproved by tlw MORiGAGEE, in wch company o~ canpames as ~h~ MORTGAGEE may
dir~tij M+d ~11 N~~ ~nd winds~orm in~ur~nc~ polici~s o~ any of ~~id build~nps. ~flY Ifltffffl ~~Nlfl(1 Of put Ih~reol, in ~he ~9qrcya?t sum ~tor~~aid a
in ~actss tAereof. sMit contain the uwal iw~da~d ma~9apN clauN a wch otFw~ cl~uw tl» Ma~p~~e~ may ~equ~r~. m~Ainp ~M toi~ unds~ s~~d po1i~ ;
e~q. ach and ~v~rY. paYabi~ ta s:id iiORiGAGff ss iq fnsereit may spprer, a~ed eec1+ snd eve~y t~•cA pol~~y .h.tl 6. p.ompuy ~ss.pned and d~livared ~o +
any held Ey s~id MORTGAGEE (u~~Mr ~ecurity to s~~d mat~y~ dsb~, and, not 1eu ~M~ ten (101 days in edva~xs of ths e¦pir~no~ oS each pol~cy, ~o d~-
liwr b uid MORTGAGEE • rtnewal 11u~wf, tope~htr wi~A • rec~ipi Iw IM prem~um o( such renewal; and ther~ shall tx no f~re or wi~ids~o~m insur~r+c~
plK~d on any ol s~~d buildinps. ~ny i~te~e~t IM~~in ot part 1Mraof, u~ltss i~ Ihe form a~x) wi~h the losi payabl~ a~ •laet~id: and in Ihe avt~l •ny ~um
p} ~wntY betp~+es p~y~bN und~r ~uch policy a po~Ki~s said MORiG~1GEE ~Aall h~w ths opt~on to recrive a~d ap~~ly the ume on accoum ot ~he indebtvd-
n~u sKUt~d hNeby o~ M pHm~t u~d 1NORTGAGORS ro nc.iw ~~d uN {t p•ny part the:oof ior othc~ pwF,osrs. w~Nwul ~h:.~u/ waw~.~y o~ anpasr-
ieq any pu~ty, li~n o~ r~yht under or by virtw o1 this mo:t9p~t ~r+d in tM tvero ~a~d MORTGAGORS shsll fo~ any reason (ail lo keep ~he ~~id premises so
insured, a(ail w delivK promplly any of iaid po~ic~es of insura~c~ to ~~~d MORTGAG[E, a f~it prompt:y to pay lully any pre~n~um ~he~efa or in +ny
r~apect lait b pe~fwm, d~uhuye, eaecute, ef(ec~. con~p~ete, comply with ~nd ab~ds by ~h~s covenant, o~ •ny peri hrreoi, ia~d MORiGAGEE may p~ace ~~~d
par fa ~uch ~nsuru~c~ w any pan thcreof wnhout waivinp or •Iteainp ~ny op~loa, li~n, equ"~ry. w r~gh~ v~de~ a by vi~~w ol thi~ Mwt9a9e. ~nd tha
full amount of ~~cA ~r+d way such p~yrtwnt tihall bs imrned~~tely dw end p~yabls ~nd iholl be~r inte?es~ irom ths date thereof umil p~~d +t tha rate of
mne ps~ ceotum pt? ~~uwm ~nd to~ethe~ with futh interest shall tx secured by tM li~n o1 th7i mortflage.
l, To ptrmit, co~unil or suf(N no wa~N, imp~irmtrtl or detera~Nion of said property or ~ny pa~t lhereof.
S. To p~y dl M+d sirqular tM cwb, cha~~s ~~d exptn~es. ~nc~ud~ny • re~sonable attw~ey i fee and coats of abstrac~• o( t~tle, incv?~ed o~ p~~d
any ri+r.~ by said lNORTGAGEf, b~cau~s w in r1w ~w~+t o1 Ihe failurs on ~he psrt of ths said MOR/GAGOR ~o duly, p~anp~ly ~nd luily pe~lam, d~xha~y~.
•Yec~N. ~(fsd, complet~, comply w~th ~nd ab;de by ~sch and every the s?ipul+~~ons, +gree~nrnr:, ca~d~t~ona. •nd cove~~snts ot ssid p~anissory note and ~h~i
:nortpp~ any w e~~ha. •nd sa:d cosn, char9es ~nd expensef. each and eve~y. sMtt be immrd~a~ely dw and payable: whe~her w not thrre be no~~ce dQ
mand, ~ttempt fo collect w wit pe~d.ny; and 1M ful) +mount of each •nd way sucfi paynxn~ shall besr ~merest from ~he da~e the~eof un?il p~~d N rhe
rau ol nin~ pe~ ceo~um per am,v:n; s~.d all said co~ts. cMr9ea and e:pe~~ses ~ncu~red o~ pa~d. ~ogaiher w~~h ~uch inte~est, aMll k» ucured by ~he 4en oi th~i
^'ort9a~•
0. That (e) in tl+~ ~v~nt of ~ny bre~ch of this Mortyay~ w defa~N o~ the p+rt o( thr MORTGAGOR, or (b) ~he event any of sa~d sums of money
herein r~fe«ed to be no1 pra.~p}+y •~+d fully paid wifh~n Ih~rty t30) deya ne,t alecr the sarne teveralty txcw~~e due ared payable, without dem~nd a no~ice,
or in the evero each and eve~y t!ro stipulatbns, sgraeme~ts. cond~tia+s and covcnaros of sa.d promiswry ~wte and fh,s mo~t9age any w e~ther ~re no1
~uly. promPtly and fully pe~fam~d. d~xMryed. e~ecuted. ellected. completed, compl~ed w~~h a~xi ab~ded Sy. ~hen 7n e~ther a any ~uch sveM Ih~ u~d p~
q~e9aM wm ment~o~~ed in said promnsory not~ then remaininq unp~~d, with interesl acu~ed, •nd a!{ moneys secured I~ereby, shall become due a~d p~y-
abla forthwith, or tlxresfte~, at the option ol t~id MORTGAGEE, as 1u11y +nd campie~cly as if all of ~I~e sa~d au~ns oF money were w~gin~lly it~pulated
ro M pa+d oo such dsy, anythir~ in ss:d prom~uory ~ote a in this Mort9age to ihe contrary nolw~lhslanduig; and ~hereupon a~he~eaftcr a~ ~he op~~on of
aa;d RSORTGAGEE. M~rh~ut ra:sce or demar~d, wit st law w in equiry, +hrrefwe o~ there~irer 6egv.i, may be p~osccWed as it ell money~ secured hereby
nad matured p~w. lo as ~natituuon. _
7. Thaf in fM evcnt rhar ar ~hs beginn~np of o? at any ~ims pend~ng +nY su~t upon ~his Mw~gage, o? to (weclose it; or ~o .e1um N, or to e~forc~
~•aymcnt of •ny claims hcrcundcr, ssid MORTGAGEE sl+all app~y to the Cour1 hav~.g {urisd,c~~on the~cof tor the apswm~nicnt of • Receiver, svc1~ Cour1 ~h~ll
fwthw~rh appomt a rece+~er of sa~d morfpaged prope~ty ~11 ~nd sin~vl~i, irxtud~ry +11 a~d s~ng~~ar ~he incun~e, prol~~s, iasues and nve~urs from whatever
sovrce derived, each a~d eve~y oi wh:ch, it beirp expcestly u~rse.~od. is hercby mortgaged as if spec~f~ully set fath and dex?ibed in the flran~::~p ~nd
Aabenuum cta~se~ hereof, s~d tuch Receiver shali hav~ •II ~I+e boad and elfec~ive (unct~ons and powen in a~ywiss eAtrusted by • Cour1 to • Receiver, and
a.;ch sppointmenr shstl be made by such Court as an admitted equity and a matrer of absotute nght to said AM7RTGAGEE, ~nd without re~ere~xe to the
~dequaty or inadcqwcy of tha v~lve oi Ihe poperty mwtyayed or to the soiver~cy o~ ~nso~•:enty of •said MORtGAGOR a the defenda~~ts, and tha~ svch
rcnn, p.ofits, income, ~ssvei a~d rwem,es shall ba applied by such Receiver accordux~ ~o th~ lien w equify Ot i.~d MORTGAGEE and ~he prac~~ce of such
CouA. -
8. To duty, promptty ar+d lully pNfwm, dixharpe, exccute, elfect, complete, comply with snd ~bide by euh Md lvqy the stipuiations, .agreernsnts.
cond~tioru a~d covensnn u+d prom~sawy rate end this mort9age set fath. ' _ • ~
9. TMt in the e~eM the ownership o( tM mo?tga9cd premises, w any pert thereof, ,betomes wsted in ~ pe?wri otF~er than the MORTGAGOR, tM
A1pRTGAGEE, i~s svccessas •nd su~gns, may, wi+ha,i notice to Ihe MORIGAOR, desl wi~h, avch successw o? wccessor in imrresf with relere~ce ro thi~
mwt9~ge ~nd tl:e drb~ hercby secured in the i+m~ manne? p with Mortgagw w~thout in art~/ ywy, vitiat~?1g a d~scha.giog the Mortyagori liability hera-
ur+der or vpon the deb+ hereby secured. No s~te oi the Frem~ses hcreby mo~tqaged and np,.~orb~irance ai the pari of ihe MORTGAGEE w its successors
or au:gns and no e~rer.s~on of the eime fw the p~ymem of the deb+ hercby SKUrtd 9ivM by ~he•MORTG%?GE~ or ~r: succeisws w ass~yna, shall op~ratt
ro rete~se. d~ul+~rye, mod~ly clun9e w sffec~ tM orig~oal 17ab]I~ty of ~Fx MORTGAGOR hcrein, either in whole w in par1.
10. It is spec~frcally agreed that time is of the esse~+te of this contract and that no waiver of any obligat~on F.ereunder w ot tM oblyation se-
cured hereby sha11 ~t any time thereaftet be held to be a waiver of the terms hereof a of the insrrumem secured herby.
11. In add r:o~ ro the Fwego ng monthly payments of princ pal and interes! ~equ~.ed by the prom,ssory nore secured hereby, mortgagor covenants
and agr~s to ~vy +o m.ongagee ~+ifh each monrhfy payr.,eM ao adduionsl sum esnn,ated by mor!gagee to be eq~al ~0 1;' 12 of the annua! cosr of the follow-
'^9: .
A-AI! reaf ~operty taxes kv~ed o? assessed aga~~st the above dex~ibed resl estate. ~ •
B-Prr+~+~~u~ns on i~re and w~ndstorm insuror.ce as herein requ:red fo be ca.ried on the improveme~ts s~tuate on tFw above described premises_
C-prem~ums on sveh mortgsge gw.anry insunr~u u mortgaqee thall from rtme ro rime deem (it to c~rry on the loan secwed hereby_ ~
Mbatgagec shai~ from ri~ne to flnx no~~fy mo.~gagw in wr~ting of the amwnt d~e and payabte hereuodr~ and such sum shall therevpon be due •nd
i F~rable w+ r4,r due date of +he ne;t monthty payment and each success~ve month thereafter ur.til rrrortgagee shall not~fy morrgagor ot • change in such
i
~ a^oarnt_ Such sums sha•I be app!~ed by mortgsgee toward the payme~f of rea~ p~operty taxes, insurance prem.ums, and mwtgaye guaranty insurance
i p-emiumf. .
4 IN Vk1TNE55 WHEREOF. the ss~d M10RTCsAGOR has I+ereuMO set his hand and seal the day year firsl aforesaid.
~ S;p Seakd der~e. the presence of: FILE~ ANO RECOAOE~
~ L~~_ GQ~,~~y iT- lUC1E COUMtY f lA. p~~- •~llC ~
~ RO"vEa P0~?RAS O . Q
` • CIERK CIACUIT C01ilt _ ~
~ RECORD VER~FIEO~ ' (se•q
~ ~ e ~
STATE OF FLORIDA ~ ~
St . Luc ie ~ ~~~40
couNTr oF
6efore m~ person~tly ~ppesrcd .~AQ T MCC~~ ~nd
~~.Y~Q B. ~CCaQe his wi(e, to me well known and known ~o me to b~
shr indnidwb described in ~nd who eaecuted the fwpoirg inshument, rid ~cknowtedped before me that rhey e~cecuted the same for the purposes
~ thereiil ~aprelfld_ A~d fFN 3aid Dixie B• ~i~e
~ ~~fe of the s~id JOe ~G~ vpon a separate ~~d p~iv~t~
e¦am~natwn by me taken sepa~ate snd spsrt from hrr uid hvsband, acienowledped to and befwe me tFut she e~ecuted ss~d instrument fretly u~d votuo-
~ ra.~ty and wrthout sny canpulsion, constr~i~t, apprehens+on,~? f~a af w from her said husband.
W11NES5 my F+~nd and ofiicial seal thii-~ ~ S~ dsy or~ Ma l~ Q: l9 71
~ ~~~~~~~n~~.~,,
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~ hotsry PubIK in ~nd fw the tat~ af Fla~ li
~ My Comm~uion •xpires: • / / . ~a . ~ .
~ Rcturn To: ~ t. ~'is7 ' ?~i: ~
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~ Fint Feder~l Savinys 8 loan Aasociat~on ~ ~ ~I ! e = ..1 ; (1' ~
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~ O} Fort P e:ce ' ~ _
.,;W'~0 I!~V
~ . Fwt P~e~ce. Ftw~da } 1 ~4Y~~-~ ~ ; _
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~ • ~ ~
~ ~ ~•sl'~T E OF.F~'`:
~ This Instrument Prepared By R3+C6aid K. Kayes
~ First Federal Savings b loan Association ~
~ of Fort Pierce , Rlorids
~ Checked 8y 0
~ eo~R ssz 194$
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