HomeMy WebLinkAbout1467 3 Io : d:...r~:,, o,,;'y c: on ~':e ~~•.~s :xvv cr hereaf>er s~rt;ate on s.; d I~nd and on a!I rq~ipment ar.d per~onally ccvered bY this mor
a. w th aii 4re ~.s .~r,n ~.a J~~ii fu:!. hra ~nw~aat~ ~n tir, ~S~al standa;d po ~ty form. in a s.:~~~ a~proved by Ihr MORiGA(i:E. and w~ndsto
,-s~.f ~~,;e ~n ih~~ us~ai s•.~..~.i,rd ~.o; [y fo~m, in a s~:n e~.pro~rd Ly tht MJRiGAGt~, in such com'~any or cooiF~aniei ds the MORTGAGEE m
.i:~it; ancl ali fre .~.i ,,,.~,;lswrm ~~,su•a~ue Fol~ues on any of sa~d budd~ngs, any iMerE3t ihErCin J~ part thereof, in Ihe a~gregare svm aio~esa~d
a~cess th:=rcof, s~:~'i~ ;;~r!,~n rne ~s~~3~ s~. ~dard maT~egee c~ause or suth othr~ c~ause as ~he A1o~tgagre mey ~eq~:re, ma?ing tha ~oss w~der sa~d po
s ea:h a•~d r.er;r, ps,~:~'e ~o s+;d \1JRT:,AGEE as ~ts inrer~~st may appear, and each and evrrv such Fv:~cy shatl tx prorr•pdy assgnrd ard de~~va~ed ~
, h~~d ht s~'d 1.1J~[..A'v'cE as iur~har se.~rity to sj~d n~ortga,~e dabr, and, not less than ten (10? days i~ ad.~nce o1 tfir e+puation of each policy, to d.
..•r ro s.,~d JC':~%~v:'_ a re~;ev...~ ~h@:EOI, t0.]c~h2/ with a recr pt for the prem~v~n o1 such re~~awa•.; a~~d thr~c shail be no f~re o~ windstorm insurane
,•a~d on ar~• ot s~ ~i b.:l.d:^~s, any ~n~cres~ th~•re~n or pait thzreoi, ur`ess in ihe fonn and wl~h ti,e toss payat~ie as afcresaid; and in the etie~~t any sun
. ^.c L-co ~~~~s ~:.~~~L:r vndr~ wch po!~cy or poi.ues sa~d t.tJ~TGAGEE sfi,il have the opr.on to rrca..•e .:~~~1 ap~iy the same o~ a;co~nt of Ihe indab~ed
;s s:~_.. rd !~~~n; or ~o p:~r:+•.:1 s..~d fAORTGAvORS ro recc~.c and use it w any porl tt,.•:eof t'vr e:n~r ..~_s:•s ..Iti,::.;s ~h~•~a» .~.:~~~.,3 or r.~:p..i•
~q,; ~~n o. ~,yrv undrr or by ~~:we ot tn,s ~~•or~yage; and ~n the event sa.d A1pRTGAGG~RS shi'I ;or any ~cason fal! to keep the sa~d premises so
,r,d e: !:,I rc d~I•.~~r N~a,~~~~~y any of sa~d poLc~es .,f ~nsura~~ce to sa•d AM1ORiGAGEE, o~ t~~: prompt~y to F~ay +.,~:y any pre~~~iv~n therefor o~ in a~y
. i.:,: !o ,^.e~'.;• e. J a.'~.:~~e. cxe.uTr, efte:t, comp!ere. co~;ply wi;h and ab~de by th~s cove~,aoi, or any part hareof, srhd h1';:~RIGAGEE may piace a,d
,..or s..:h ~~~s..r.,~.,e ~r a~~~ F~a*t tF,r:eof v~,.~huut wa~~h:g o~ affecNng any opnon, lien, equ~ty, or n~ht ~~ider o+ by v~~t~e of th~s Morfgage, and the
a:.a.,nt ~t ea.h a~~ e.er~ s,.ch pa~+•~~~m shel: ~,e ~n,:ned~ately due and pa~able and shai! bear interes~ from tha date thereoF unril p,;~d at the'rate of
~ pr~ z_ :t• .i ~.:i r,:,~~-ii;;r ..,rh wch i:i+eroit shai, ~e srcu~ed by fhe litn of th~s mortgege.
3. Eeni con:~ :~t ur sutfer no ~~aate, in:ps~nnent or dct~rroration af said property or any parl thereof.
To ~+'r a~i and s~^y~•:ar rhe ccsts, charges a~~~ eiE~r~~ses, includin9 a reasonabte atror~ey's fee and ceses of abstrads of titie, incurred or paid a~
i~°~~ by s.~d ~'.C~R1lAG`E, because er in the event o4 tha fa~lu~e ort the part of the said MORiGAGOR f0 duiy, promptly and f~lly pariorm, t~~stharge,
, r!r~c~, cc u:.~~e, <o r~:'~ w th ,~~~d ab de by each and every the stipv~aT;o~s, aqree+nents, condmons, and covenants o( Sa~d prom~ssory note and ih~s
•y anY er o.~hc:, s::d se..l costs, chirgrs a~~t! exp~nses, each and every, shail be immrd~ately due and payable; whether or not there be notlce dr
,3, art< ,-r !o co ,ec~ or su:t pe~:.f.ng; ar,a !i,e tu:! a~nount ef ea:h and e~ery such paymeN ahali bear interest from the date ihereof until paid al the
, ;,,~J i_s~s. cr.a:g~s a~~d ~a.e~:scs :nc~rred or pa~d, togeih~r w~th such interest, ahall be secured by the Gen of th~~
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6. ihaf ~a? :n ~hr event of any breach of fh~s Mor:gage or dei,~ulr o~ the part of rhe MORTGAGO4, o! ;b) in the eve~t any of sa:d sums of money
;n •:.,,;d t, +:c:.,~. Y a„d +~,;y F,a,d ,•.~,i:~:, ~h.•ty ,3J: d~;s r,c,~ a~r~~r r!,e sa^,e SO~f!3:y 6eco~~~r d~e and payeble, w~~hou~ demand o~ no~ice.
- ~~Crhr ~.en; -_;h a~,d •-c<•.y ~!~e st~pu:at~uns, a~ietments, t.~~~d:~~o•~s and tovenants of sad p~~m;ssory note and th.s mortgage any or e~iher are not
i-~~ ~•F r~~ and,i,~ .r rrrtorr:ed, d s:~arg_d. etiecuted, etfected. comp~etrd, :ompt:ed w+th and ab~drd tiy, then in e~ther or any wch event Ihe sa~d ag
i_~a s:-~ ~d ~n i.~,d Fron,~ssory nete ti,en ten~ain~ng ~n~a~d, ~w~h mrerest acuued, and aiE moneys secured hereby, sha11 become due and pay-
• .r~i,,•..rh. c• tF._~r.a~rc•, at the cp~w.• 04 se~d ,ti10RSGAGEE, as f~~{y a~x! comp:ere~y as if all of th~~ sald sums of money were or~glnaily shpu~ated
a o~ s;:h d.:r ~~~,rF.,r.g ~n saci p+e^i.iscry note or in rh~s ~Llorfgage to the con~rary ncr.v~~hsra"d.ng; and ~hereupon or the~eaher at rhe op~+on of
:~3T`:,~•_E nor.;e o~ demand, su~t at law or in equnv. therefere or thereai~er begun, may be proaecuted as if all moneys secured hereby
rci or to rs ~nsfr.~:wn.
~n rhr c._~:f ihat a~ rhe 6eg~~r.ing of or at any t~me pend~ng any su~t ~pon th~s Mo•tgage, or to foreclose it, or lo reform it, or to enforte
~~cnr e+ a~~• c. ~~s ~r~eunder, s.~,~ ;,tp~TG:,vEE sha'? appfy to rhe Cou~~ hav~ng {u~~1C3•Ct:JII ih.•:zot for the appo~ntmeni of a Receiver, suth Court shail
r.•r a•_cr~:er o~ sa~d o•sg.+g~-d property all and s~ngvla~, inc~vd ng a11 a~~d s~~~c~!a~ tne ~ncome, prof~rs, issues and revenues from whatever
: e_u~ a~.~ e.ery oT „~,:h. be~~~~ express~y undenrood, ~s her~by mor!gaged as ~f speuficaily set forth and dexribed in the gran6ng an~
~ c_a.ees `rrco~. ~^d s;:h Rece,.~~~ sha:; have aIl ihe broad and efr~rave functons and po"ers in anyw~se entrui~ed by a Court to a Recaiver, and
+ s~.~.. ~~dr by soch Cc~~~t as an ad ~uned equity and a rratser of a6so:ute r!ght te sa~d MJRTGAGEE, and without refererxe to the
~+•~3.]•'G.•::r vf 1•~~• vai~.e o1 the property mortgagea o~ to the sove~xy or ~nso:~ency 01 said MORTGAGOR Cr ihe defendanTS, and that such
•s` ; o~.,•s. : as.,~s and re~er,~es shj~i be app~~ed by such Recei~er ac:ord.ng to the ~ie~ or equi~y of sa~d MORTGAGEE and the pract~ce of such
~rf.
S?o .+..;'y, r•o-~.~+'y .;~d fv:~y per'o~m, d~s:harge~, execute, effect, comp~ete, comN;y w~rh and abide by each and every the stipuiations, agreements,
~ ~~u ~ ~ cc.r. a~;s ~ So~~ ~fOT~55C•y ncre and this n:ort~age set forth.
9 i~ =r rF.e CN~'C'i5k~r of the mortgaged p:emues, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
:3T~-=.~;c ~+s sFcc•,,:=-s r-d 355~gns r*~ay, ~nishour rc~+te to tne :'ORTG~OR, deai with such s~t,~essos or suctessor in interest with refcrence to ihis
'g~ae a.. ,:i..:• '.~•eby s~~cured in the same m.an~tr as w~th ~.5ortgagor witho~t in any way vitiating M d~schargi~g the Mortgagors' Iiability htr~
or u, _ ~..:.r „ s~,.: _d. No sa.e ef tl:e F-e~~:s>s h~-:eby mortgaged a^d no forbea~ance on the pa~t of the ?dORTGAGEE or its svccessors
s aVd ^o _;.o~ o! she !.r,r :o• the payment ot the debt h~re~y sec~red g~ven by the htORSGAGEE or its successws or ass~gns, a~~all operate
~ se, d s:^a~3e, ^.,d:Fy c~a~.ge or a!fect the o~~g.~~a! iiau ;~ty of the MORTGAGOR herein, either in whoie o: in pa:t.
I i 1r is s; ~ c=.-~ ~~•eed r:;jr t~~ne is of rhe esse~ce of th~s cororact and that no vvaiver oi any o6~~gar~on hereunder a of the obligation se-
t ,a here~r sha. a a~~ h^e tn~~recrter be heid to be a wa~ver of the term,s hereof or of the instrvment sewred herby.
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~ ! . . ~ .c•c~:: ^'y F~.~'^ms of p•,~•.c Ha~ and ~~~T_rest requ•:ed by the prom~sscry no"e secured hereb~, mortgagor COVBnanfs
~ •._~_s r3,_,_e n~rh ea.ti n o•vh y~a~~ ent ar. add :+onal sum ~s+:z:ated by mortyagee to be equai to 1; 12 of the annual cost of !he follow-
e
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; A-~.: ~•_a! F~~_;.~~ ,~,¦,s ie.~_~ or asseserri ag~~•~.ss rhe ab~ve desal6~d r_al es:ate. ,
z E t ...~_tisr~ ~ns,;~~rce az ne•a~n req.:red to be ca~ri•d en tfie :mrroveme~ts s[t~ate on the aEove described premises.
? C F-- s c*::;t~ n~•r.; ~e g:,a~anry Ies.;ra•.ce as n:o•rgagee sha~l freT : me to time deem f~t to carry on the loan secured hereby.
- o-+-,c:-c + e to e ncrf, mcrtyQae~ ~n wr~r~ng of tne a~~o~~t d~e ar.d payable hereundrr and svch sum shall thereupon be due and
' r e, ~r_ _ cr tn-~ n:-.c e.~-~+h y pa,~rnent ar.d ezch success~ve monrh thereaftcr uctil mcrtgagee sha!1 not;fy mortgagor of a change in such
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• s: _ ce r; ~ea oy ,nortgag~~e to.~.a~d tne payment of real property taxes, ~nsurance prem.ums, a~~d mortgage guaranty insurance
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~ i•; ;.;'•,c~~ :.HE2~0=. the sa d h1pRTGAGCR has hereumo set his har.d and seal the day and year fir t aforesaid.
~ ` S gned Sza'ed a~d d'~ive~ed in the Fresence o~: ~M~ RE~ORDEa
? _ f11f0 ~
, ST. ~UCIE COUNTY e d G. Widne r
~ CIERK ~1ACU~1
CQURT ~ (Sea4
~ - - - qECORO YERIFIEO ot ea . 1 er
~ - - - - - - QV i.J 'R Op ~17 (Seaq
','E OF 'LORiDA
~ • ~
z:t . ~'iTY OF _ JI'~-f~ ~ ~
Befcre me persona~ly appeared Alfreci G. ~1C~ID@I snd
~ _-__~QZQthea ~~W'i~er his wife, to me well known and known to me to be
- ~ ~~d...dve:s drscnbed in and who e,cec~ted the forrgoing instrument. and +~cknowledqed before me that they executed the same fqr Ihe purposes
`4 c;~ expressed. And the said--- ~rOthea E• Widmer
~ Alfred G. Widmer ~ '•-r.
: r~o ,z:.~ - - ~ p~Dd P~iv~re
< , +Rb~-•-. y
r.;~.•;~ b~ ~~e t~:.•=n s~~e+ate and apart from tirr said husband, acknowledged to and before me that she eaecuted;sa ti~rr~f4rslt'rsiY~ volun-
~'y ~ a• d...~1.c.r a-y co•~ p..'s~on, cor.stramt, apprehe~s.on, fear of or from her said husband. ~ i
- ~ ~ c.~ .71
_ LVit ::~5 ^~r nard znd offiual soai this_ _ _ day of • ~4. $.~r
- ' .J ~ Z~
- ' ~ i
_ _J / •
_ Notary Public in and fw tkii 1,~~ -
My Commiss~on expires: - "g~
;t t ~
~~.._~n To- •~...u~~~ C~
_ F ~s• Federal 5~+~-:3s 3 Lo3n Asso:~at,on ~~i~i S'~'~+[~'
~ NOTfiA.Y F!""! IC S~:,IF. G+F FLORt 'l~~~Mnn~u~~•
, , , . ; MY COMMISSION EXNIRES ~AT uR~
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GENERqI ~NSURAI•aCE UNDERWg~j~
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Th~s Ins!rur,ent Prepared By Nm.E. Braun
= First Fe.iera~ Sav+r,gs 8~ Loan Association
= of Fort Pierce ~ Florida ~
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_ Ch=cked By~Z- p~~E1465
~~.97 ~ ~
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