HomeMy WebLinkAbout1590 1. To plac~ a~d continuousty keep o~ the bui'd~nys novv or hereafter ~ituete on sa~d lend and on aR eq~ip~nent and personalfy cove~ed by this matg• f
~gs, with ail premium! thtiewi pa~d in fuil, fue inturante ~n ihe uwai ~ta~xlurJ poGcy form, in a a,,:n aFNruved b~ the MUR~G~GEE, and wmdf~o~m ~
inturonce i~ the uswl eunda~d po6cy fo~m, in e wm appro.ed by tFu~ MORTGAGEE, in wch tarpany or tompanies as ~he A10RTGAGEE may
di~ect; ~nd aIl (ire ar,d wi~dst~rm in~uronce pohciet on any of .a,d ~,;~d~ngs, any interci~ ~hcrcin ur parl tlier~of, in the aggr~:ya+c sum afo~csaid or
in eacess ~hereof, ~hall ~ontsin the uwal ftandatd mor~gagee da~ae or such othe~ clr~se as ihe Mo.tgngee n,ay ~eyv~ro, ma~i~g ~he ioss u~~der sa,J poti.
cies, each ~nd every, payable ~o ssid MORTGAGEE es As interrit may appcar, and each m~d every such po~~cy ahdll be p~OmE~!!y ais g~+ed end drlive~rd +o
any hefd by said MORfGAGFE as funher secwity to uid mo~tgage debt, and, no~ less than ten (10) days in ad.a~~ce oi the expiea~~o~ oi each ~.wiicy, to d~-
live? ro said MORTGAGEE a re~ewal th~reof, ~ogether with a receipt for tAe premium ol s~ch ~en~•wa~; and there shall be no f~re o~ w~~~dsw~m inawance j
placed on •ny o/ s~id b~ildings, eny inreresf therom or pa~t tAeaeo?, unless in the form a~~d w+fh the Ioss payable as eforesa~d; and in the evero a~y tum k
of money betpn~s payab~e under wch policy o~ poGciea said MORiGAGEE ahall heve the opt~on ~o recrive and apply ~he aa~ne on accovn~ of ihe indrbted• t
ness setured hereby•or to permil s~id MORTGAGORS to ~eceive snd use it w any part thercol for o:r.~r ~,ur; ~scs. .•„tr.,,:r th,~,n~ ,v~,,,,~ ~r ~•=,~~,r- E
+np a~y eqvity, li~n or ?ight under or by vi~lue ot this martgage; and i~ the event sa~d MORT(}AGORS shall !or a„y reaion (ail to krep ~he sa~d pre,niset so ~
~nsured, w fail fo deliver promptly any ot said polKies of inswanu to aa~d MORTGAGEE. or fo~l pramF,rly ro psy f~1;y any prr~n~~m th~~~to~ o~ in any
respect (ail to pNfwm, d~scAa~ge, execute, e~fecl, complrle, comply wi~h and abida by th~s cuvenant, o. any part h~reof, saul MuRiGAGEE may pi~ce a~~d
pay fo~ such insuranta or any part thereof without waivin9 or alfectirt9 a~y optio~, I~en, equ~ty, or righ~ under or by virtue ol this Mortgage, and the
full emouN ot each and every such payment ~hall be ~m~nediately due and payable and shaN beer inter~•st from rho date ?hrreo! until poid at ?be rata ol
~+~~C per cemum per annum and to~ethr. with such inrerest sha~i be sewred by the lie~ 01 this matgage.
1. To petmit, commil p auf~er no waste, impairment p deterioration of sa~d property o~ eny parl thrrrof.
S. To pay all u+d singula~ the costs, charges and eapenses, includ~nfl a reasonable anwney's fee a~:d cos~s of, abs~raUs oi t~t'r, incurr~d o? pa~d st
nny time by said MOR1GAGfE, because w~n the event ol the (a,ture o~ Nu part of ~he :a~d MORIGAC,OR to duly, pro~„Nrly n:~d fu~~y p~~lorm, d~scharge.
exrcute, eifKt, complete, comply wAh and ab:de by each snd every ~he st~pulai~ons, agreeme~ts, cond~nons, and co~renanrs oi ~a~d prorn,;sory note and ~h~•
:»ortgafle any or ei~her, end sa'~d co~ts, tha~ge~ and expensea, each end every. shall be immed~erely due and pay.,Ui~; v„h.,~hr. or nor rhe~e be nonce dr
n,and, attempt to co!!ed or ~uit prnd+ng; ~ntl tha full amount of each and every such paymem shall bea~ ~mrrest f~om ~he date ~he~eof until paid at tne '
n~+e of nine per centum prr snnum; and all sa+d custs, chargei and ex::rnses incurred a~ pa~d, tpyrlher w~th suct~ ~nterrat. shall br sec~red by the i~en of th~~ ~
mortyage. ~
6. That (s) in the event of any breach o1 this Mongage or defaul~ on ~he part of tt,e MORTG~GOR, or (b) in the event any oi sa:d sums of money
herein refe~red to be not promp!ty and iully paid wnh~n ~h,rty (30) days ne,.t a!rer the aa:,~e se~era.ly becon~e dve and payab!e, w;~twut demand or na~ce,
cr (c) in the eveM each and every the stiputations, a~reeme~ts, conditions and cove~a~tirs of Sd.CI ptO~n~Siu~y nore and rh;s mo~~gage any o~ e~thei are nof
i~ly, prompdy and fully perfwm~d, d~scharged, executed, eSlected, tompleted, compf~ed w~th and ab~ded yy, 1he~ in e~ther w a~y svch evanf the sa~d ag
a'egate sum memaned in said promissory note then remaining unpa~d, with interes~ acuued, and atl moncys secured hereby, shall becume due and psy
en e Fo~rhwith, or thereaf?er, at the opf;on of said A~10RTGAGEE, as iully and comptete~y as if all of ihe sa~d s~ms of money were onginally st:putaecd
io be pald on wch day, anylhing io sa'.d prom~ssory note or in this Mortgaqe to the contrary notwithstandu~g; and ttierevpon or ~hereafter a~ the option of
sa:d A10RTGAGEE, without nonte ot demand, suit at taw Or in equity, tF?irefo~e or fherealter btKJun, maV bS'i~Rf~~eYV1Pd_s3.~L all moneyf secured hereby
nad mafwed pnor to ~ts insti~ution.
7. ihat in the evcnl that at the beginn~rg o! or at any t~me pend~ng any su~t upon ih~s Mortgage, o? to {o.eclo~e it, or to reform it, or to enforce
payme~t of any cla~ms he~eunder, said MORTGAGEE shall appty to the Co~rt having ~w~sd~cr~on theroof ~o~ the appo~ntment of a Rece+ve~, such Covrf shafl
forthwith appoml a receiver o! said mortgsged prope~ty all snd singular, incl~ti~ng a{I and 3ingu~a~ Uu income, profNS, issuef and revenues (rom whatever
sawce derived, each and every of which, it being expressly unders~ood, ~s hereby mo~~gagedas ii apec~fl~ally set fo~tF~ and descr~bed in the graroing a~d
habendum clauses hereol, and such Receiver shall have all the broad and effec~ive funct~ond ar~'powers in anywise entrusted by a~ouri to a Receiver, and
s..ih appointment shall be made by such Cour~ as an admitted equity and a matter of absolur! rR~1q to said MORTGAGEQ, and wi~hcut ~eferen~e to the
edequacy a inadequacy of the value of the p~operty mortgaged or to the sorvrocy or ,nsotventy,d~ laid MORIG~IGOR a the defendanrs, and rha! wch
+e~+s, profits, income, is~ves end revenues shail be appt~ed by such Rece~ver accordmg lo the 6Cn or eqvity of said MORTGAGEE e~~d the practice of sucA
Court, - - y
8. To duly, promptly and fully perfwm, discharge, execute, effect. complete, comp(y w;th and abide by each and ever~ fhe stipvlations, agreements, I
cond;tion~ and covenanrs ~n uid promissory note and th~s mortgage set forth. i
9. That in the event the ownership of the mortgaged premises, or any part thereof, becornes vest~ in a pcrwn other than the MORTGAGOR, the ~
AtpRTGAGEE, its wctessors and assigns, may, witho~t notice to the MORTGAOR, dea( with such successor o~ sutcensw in iMerest wnh rete~ence to this
^•o•rqage and the debf he~eby secured in the same manner as with Mortgagor w~thout i~ a~y way vit:ating or d~scharg~.ig the /horfgagori liab~lity here-
~n~er or uFwn :he debt hereby secured. No sale of the premises hereby mo~tgaged and no fo~beara.~ce on the pan of tl:e /J10R7GAGEE or its succesaors
o~ ass~gns and no exrens~on o1 the time fw the payment oi fhe debt he~t~by secvr~d grven by the MORiGAGE'_ or its successas or ass;gns, stiall operate
to reiease, d~scharge, modiiy ~hange or af{ect the or~ginal liab;lny of the MURTGAGpR herein, either in whole or in part, ;
~
10. It is spec;iically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or o( the obligafion se-
cured hereby sheff at any time thereafrer be hefd to be a wa~ver of the terms hereof w of the insrrument secured he~by.
1 i. In add.t~o~ to rhe farego ng manthty payments of princ pal and interest requered by the promsso~y no'e sccured her~b~, mortgagor tovenams ~
a~d agwes to pay ro r~o-tgagee v~irh each monthiy pa~~,~ent art addr.eonal s~m es~~mated by mo~tyagee to be equai ro 1 12 of fi;e on,,~at cost of the foliow-
ng:
A-AI! ~¢a! prope+ty taxes levied or assened agai•,st the above descri~ed reat estate.
B-P.~~~.~:,~ns on f„e and w;ndsform insvracce as here~r, requlred to be carnFd en the :m;;roveme~rs s;ruare o~ the above describ~d premises. ~
C-Premi~rrs on suth mortgage guaranty ir.surar~ce as mo~tgagee shall from t me to time deem fit to ca~ry on the loan sec~red hereby.
Mortgagee s~a i'•cm nme to ~~me notNy mo.tgager m w.;r;ng af the an:ov~t d~e and payab~e hereundar and such sum shall th~re~pon be due and
:~.able on the due dare of rhe next n:onrh:y payment ar.d each s~ccess~ve roo~rh the~eaft_r ur.ti; mortgagee shall not~fy mort~agor of a change in such
a-ount $uc6 sv~ns s~a ! be app'ied by mortgagee toward the payment of rea! property taxes, insvra~ue prem:ums, a~.d mortgage guaranty insuro~ce
^•emiums.
IN Y~7TNE~5 YrN c rhe ~d MORTGAGOR has hereunto set his hand and seal the day and ar f~ uid. ?
' ned. Sealed s d d'livcr in the pres~nce of: - / '
~
al)
7
(Seal)
'L a(j
t5es~
S'ATE OF FlOR10A ~
.SS. J
coutirv oF - SL - LrC3B
Befwe me penonally appeared 1.• ~111@4
d~ ifE3V1`8 ~ p t~ BV _ his wife, to me well known and known to me t0 be
rne ~nd~v~d~sl~ destr~bed in and who e,cecuted the fwegoing inatrument, and acknowiedged before me that they executed the same for the purposes
~he+ein expressed, And the seid_`_ Gf12eV2'8 ?S• P8121.@y
«:~e of ti~e uid el ~ pBL~a
r-~ uPw~ • sepa±ate atld prixaf~
e•am~nat~o~ by me taien separate and apart from her sa~d husband, atknowtcdged to and beFo~e me that she exetuted said i~utturr~nl;Er~ly`~tiyp~N
~a•~.y ~rd w~thovt any compulsion, conssraint, epprehens,o~ w fear of or from her said h~sband.
} ~ /1 , ~ .
WITNfSS my hand and offkul seel th~s_ . day of_.- .,~t. D. i9~•.~~~, .
~ i ~ ' ' _
! r_ Q.~. ;r _
~ n~_ ~ : _
Ptofary Pubtic in and fw e Sl~t* OF.~o,j~ ~(~4w` ^ M1
My Comm~ssion eapire~: , J ~ ~
QlTU~n 10: ~ ~ . y `
F~n~ Fedcr~i S~Y;ngs 6 loan As?oc~at~cn NUTAR1l P~'gl,If' STAYF [}c F10R~pA ~j `
~
(Jf Fo•t Pcrv ~?:Y ",~^/~:.i:' :1 : „ p,,,i 2, tt ~ `
~~n f~o,~d~ G~Eh~. ALIN3l':iAi`di._ '•'P!(lERirVi1TERS,~~~~Iitt)1~~~~~~
~~~~~8
This Instrument Pre ared B ~ ~ fftEO ANp NfCOfiDfp /
P y J D Chastain ST~ LUCIE COUMIY P
First Federal Sav~ngs b loen Association ROCER POfTRAS ~A~
of Fart Pierce ~ j~p~jdg CLERlI ~~R~Utt , 1'
RECORD VERrF1Ep COU~~ ~
Checkc~d BY,(~- - _ , ' ~
S~r 13 I s6 PM'~ I ,u,u
a~~"
~ooK195 0~~~1588 ~ l,e
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