HomeMy WebLinkAbout2072 To place and conrinuous~y Iceep o~ the b~. o~ngs new or he•earrn ?:rvate on sa~d ~a~d and on a~• eq~~~p ~ent a•+d personaily covrred hy ~1:~s ria
ege. with all prumwms t~ereon po~d ~n iuU. t~re ma~rance ~n tne .;s~ai s~ar~;ia~d ~~cy torm. In a s..m a~pro~rd b. thr M11.;,k~C,~vtG. a~~.i ~w~.~JSW
inswante in ~ne usual t+anda~d po~•cy to~m, in ~•uei eppro.rd by the MORIGAGEE. ~n wch company or co~;,~arnes as ~he A1JQ1~.a~eE
d~rKt; ~nd all (ire and w:~ds~o~m insurance po~~c~ei on anv of ~e~d bu~~d.~gs. any ~nte~es~ therem or pa~t the:eof, in ~he ag~:ey~~e s.:~~ a~o~csa~d
e~ceu thereol, ~hal~ coma~n ~he u~uat sTendurd mo'~9igee ue~se o~ su:h o~he~ ca,,se af the Mo~tgagee may rrq~.re, maA~=~g ~hr ~;~;s ..~~dr~ s..~d ~w
c~rs, each and eve~y, pa~~ab s ~o ia~d MOR1GtiGEE a~ ~rs ~~~e~eit may appea~, a~d eech e.•d e.e~y such po:..y sha~i b! p~Omy7ly ass 9~~ra a:~d de ~..~r. d
•ny heid by ~a~d MORTGAGEE •s furiher •rwriry ro sa~d my~gage debt, e•~d, no~ iesl ina.+ ~~n tt0~. davs i~ ad.e~.e of fhe e.p~~at:on o' ca:h pc~.~:v, d~
hvei ~o taid MORTGAGEE a~enewhl thereof, to~eiher v.~fh a rece,pt tor the pre~~~m of such re~ewaf; a:.d ~here shali bc no i~~e or ~~>}c ~n ~~.s~~+~.
plated on any o1 sa~d bu~id+ngs, sny inrcros~ there~n or part rhe~eof, u~ es? ~n ~he form and ~w~eh the ~oss payable as ajo.esa~d; and 1n ~he e:e~~t a~y s.,~
ot money becores peyab:e under wch pobcy or peLuea ssid M,ORTGAGEE i`~~II have the opT~on ro recr~~e and app y t~e sa ne on ac:o.,.v of ihe ~n,irr ird
ness secwed heroDy or ~o perm~t se~d MOR7GAGORS to rece~ve e~~ u~e i~ o~ e~y pa~> >ne e,t to- ocnrr o~~:.ses •.,.+!~o.t ~h••~.>, ,
ing any eqwty, I~en or riyht urxier or by vi~we of ~h~s mort~ape; a~d ~he evero ~a:d M.p~TT~,AGORS sha!I jo. any reaion fail to kcep thc aa:d pre:n:i,•s so
~nsurrd, or fail to deliver promptly •ny of aa~d poi~ueti of ~nsu~an:e to •a~d MORTGAG~E, o~ ia~! p~omptiy to pay tu~iy any p~e••~~: ~ th~•r~t,i or ~n a~.y
respea fail ?o pe~Fofm, d~schar~e, eaecwe, effect, com~~ere, co^~ply wnh and a5~de by tl,:s cove~ent, or any pa~i hereof, sa~d MORTGAG~E may p,ac•~ a o
pay fw such inaurance or any part thereof wnhou~ waivmg or afiecNng any opf~on, i~en, eq.,,ry, er r~~hi under w by v~rtue ot sh~s Atorrga~r, aRd Th~
+~u amaunt of each and every such paymem shall be ~mmed~ately due and payable and shatt bear interest from the dare ihereof until p~~d at ihe rau of
n„~e per cen~um per a~num end ~o~rfhr~ wnh such ~nte~esr shan ee src,.~ed by the Len of Ihis mortgage.
1. To permit, commlt w suffer rro waste, impairme~t or defer~orat~on of sa~d property w any pa:t thereof.
5. To pay all and singuiar ths costs, cha~get +nd expenses, lncluding a reaso~able a~twney's iee and cos!s of abstracts of t~tle, incuned ar ps~d at
eny time by said MOR1GAGfE, becauae or in the tvem o1 N+e fs~~ure on ihe pa~~ of ~Ae iaid MORTGAGOR to duly, promptly and fully pertarm, d~scharge
ezecu~e, effea, comple~e, comply wnh and ab:Je by each and eve.y ~he it~Fu~ar~ons, agree~~enrs, cond~t~ons, and co~enarns ot sa~d pro~~.ssu~y noie and i~~s
mongape any or e~~her, and said cosrs, thuqes and e+cpenses, cach end every, sha~~ be ~mmeo~atety due and payaite; whe~her or not there be no'~ce dr
mand, at~empi ro co~iect or wit pend~ng; and ~he full amount of each and e~ery suc~ paymem shall bea~ ~merest from the daie thereo4 unt~t pa~d at ti,e
o~ mne per centum per an~~urn; o~~c al! aa~d cosrs, cna~ges e•~d ex~enses inc~:red a pa~d, togeTher w.t~ such ~nterest, shall be secured by ~lie i~en of th+s
mortflJflO.
6. That (a3 in the event of eny oreach of this Mortga9e or de6ault on the part of the MORTG<1GOR, or ;b) in the eve~t eny o1 sa:d sums of ~ioney
h~rein referred to be not pron,ptly and f~lly paid with~n ~h:rty (3Ji days next a?~e~ rhe same se~e•a'ty beco~~e d~e and payab!e, w~~hou~ dema~d o. not~ce,
or (c) in the evem each and every ?he srip~lat~ons, agreementa, cond~r~o~s and covenants of sa:d promusory note and th.s mortgage any or e~Mer are no~
iuty, promptly and fully perio~med, d~scha~ged, executed, etfeaerl. complered, compi,ed w~~h and ab~ded Sv, tFKn in e~ther or any such event the sa~d ag
~~egate sum menhoned in sa~d promiasory nou then remaining unpa~d, waA mterest accwcd, and a11 moneys sec~red hereby, shal! brcome doe and pay-
ao~e fon~with, or tFKreaher, it t!K ophon of se~d MORiGAGEE, as fully and completely as if ali of the sa~d sums of money were o+~g~~~a~ly st~pu~atrd
be pa~d on suth day, anyt~infl in sa,d prom~ssory note or in thia Mwtgage to ihe connary nc~w~Ths~a~xl~ng; and thereupon or therea4te. a~ the op~~on of
~~~d MORTGAGEE, without no~~ce or demand, su~t at iaw or in equrty, there:we a tAereafir~ begun, may be prosecuted as if all moneys secured hereby
n~d matured pnw to ~ta ins~itutwn.
7. Tha~ in ~he even~ that at the begmninq of or at any t~me pend~ng any s~ii upon this Mortgage, or to foreclose it, or to reform it, or to enforce
~~aymem of any tla~ma hereundrr, said MORTGAGE! shali apply to the Court hev~ng ~ur~ad~cnon thereof fw the appo~ntmeM of a Recerver, s~.h Cow.t shaU
r,,: thwith appom~ a roceiver of said mortgaged property all and s~~g~iar, indud~ng aII a~~d s~ng~~ar the income, profita, iuues end reven~ea from whatever
s:~~~ce denved, each and every of wh~ch, ~t Oeug express!y unders~ood, is hereby morrgaged u:f spec:ficalty aet fw~h and descr~bed in ihe grant~ng and
h~aendum Nawes he?eof, and auch Rcce~~e~ sAa1i have all the broad and rffect~~e fvrx~~ona and powera i~ anyw~se en?rusted by a Cwrt to a Rec~~~er, a~d
s, ch appoirome~u sAall be made by svch Court as an adn,ined equrty and a maner oi abso~~te r~gM to sa~d MORSGAGEE, wirAout ~eferer.ce to t>x
a:ieq,~acy or inadeq~acy of the vatue of the proF+eny mor~gaqed or fo thc ao:rency or ~nso:Yency of sa~d MORIGAGOR or the defendants, and ~hat such
.~nrs. profits, incane, usues and reve~~es shall be appt~ed by avtA Receiver acco~d~ng to the 6en or equity of said M`JRTGAGEE and the prac~~ce of such
Covrt.
8. To duly, p~omptty and iully perfwm, d~acha~ge, exec~te, eflect, complete, comply w~?h and abide by each and every the stipulatians, agreemenn,
;ondit~on~ arw'! covenams ~n as~d prom~ssory nore and ~h~s morrgage set forth.
9. That in the event the ownership of the mo~tgaged prem~scs. w any part thereof, bec~xnes vested in a penon othe~ than the MORTG4GOR, the
h~.~RTGAGEE, ita ssxceasws and ass~gns, may, w~~hou~ no~~.e to ihe M~RTGA~R, deal w~th s~cA successor a s~rccessor in ~nterest wi~h reference to th~s
mori9age and ~he debt hereby secu~ed in the same manne~ as w~th Mo~?gaga wuhout in any way vit~atirg a d~uharg~ng the Mortgagors' iiab~6ty I~er~
~nder w upon the debt hereby aecured. No sale of the Frem~ses hereby mo~tgaged snd no forbearance on the pari ot the MORIGAGEE w irs wccessors
o~ ass~gns and no ez~e~sion ot the t~me for ~he payment of the debT hereby secvred g~ven by tFx MOitTGAGEE w its successors or au>gns, .:~all operate
~e .eiease, d,scharge, n+od~fy change w affect the ong~nal liab;l~ty of the MORTGAGOR herein, tither in whole a in part.
10. h is apeuficatly ag.eed that time ia of the essence of this contract and that no waiver oi any obliganon hereurxler or of the oblgation sr
' c.~red hereby ahal~ at any t~me thereafter be held ~o ce s waiver of the ternu herro4 w of the ins~rumeM secured herby.
1 L !n acid teo~ to the iorege ng monthfy paym_nts ot p:~nc pa: and ~nie~est requ~:ed by the promissorY no'e s.~cu~ed hereb/, mwtgagor torenants
~~~d egrees to pay to mortga~~e ~n~th eacn m~nh y pa~:.ient an add~~:onat sum rsr ~.ared b~ rtw~tg~gee to be equai to 1. 12 of the ana~~al cost of the fo~~ow-
E ,:y
A-All rea! property taaes lev~r~ or aasess_~ agar~sr tne auove desc•~Drd rea! esra~e.
€ B-Prar.~~u•ns on fire and w~ndsrorm ins~rarce as here+r. r:rq,,r.ed to be ca~~+ed o~ tne :•^~;;roveme~K s:tuate on the above described premises.
~ C-Premwms on s~ch mat~age gvaranry Insu•an:e as mo•tgagee sha's1 froT e me to t~.ne drem f~t to carry o~ t!K loan secured hereoy.
«
Morigagee shai! 'rom nme ~o nme nor~f~ moriyagor ~n v.~rt~ng of the amou~r d~e and payable hereundrr and s:,ch w-n shait therrupon be due and
~ ,•.abie on the d~e oare oi ihe neat month:y payn,.::ir and ea:h w.-tessive ~*:onth the~eaft_. vf.tii mortgagee shall not~fy morrgagor of a change in wch
t
_~~,~~nt. Such SJ~TIS s~a., be a~plied t~y rr~rtgagee to.`ard the paymeni of rea; property taxes, ~nsvraxe ~em.um3, a~x1 mortgage guaranty ~nsurance
d .+rrmiums.
~ " N WITNESS 1kHEREOF, tf~e said MORTGAGOR has here~nro set his hand a-rd sea! ttx day ard year fint sforesa
~
~ a.~d tive.ed io the p?eaence of: ;~~~i~ "G. G
~ (Seaq
Richard Hood ~a~
csea4
~ ` p (SeaO
~ S;ATE.OF FLORIDA ~
SS.
:~iiNTY OF ~t . I~UC 1 2 ~
Kichard }iooci
~ Befwe me penorwlly appsared ~
~ 5h i r 1 ev Hc~od
_ his wife, to rne wel{ known ~rxl kno~rn b me ro be
tne u~dividuab destribed in and who executed the fwego~ng instrument, and acknow~edged before me that tfiey eaeWted the saea~ f0? the pwposes
therein expressed_ Ai~ thB iaid 5h i r 1 ey H.~od ~
.v;Fe of the aa+d R i c h a rd HO OCI a~~ ~ p~~~t~
~ exam~~at~w+ by me taken separate and apar~ from her said i~~sband, acicnowledged ro and befwe me that she execvted said instrument freely and vol~rr
w rar~ty and without any compulswn, constra~nt, apprehe ~on, r fea~ of or frorn her aaid husbind. 1
WITNESS my hand and off~ual seal th~a~ day of mber D. 19
- Notary Pubtic in and for tl~e Sfa~t a( E~q~i at ltrye
= My Comm~ssion enpires:
Ret~m 10: MOTAR7 PUBLIC. SYATE d~I.ORIDA st LARGE
First Federal Sav~ngs 3 loan Asaodat~on MY COldMISS10N IXPIP.ES SEPT. 25. I915
= pf F~~r P~e~ce BondeG By American Bankers Insunnce ..o.
Fort P~erce, Flonda
= F1tED A~i^ ~~COROEO
ST ~UCIE COUMTY FLA.
l~OCER a~~T
COURT ~`C
- This InstrumeM Pre ared B CIERK CiaG~
P Y John H'. Collins RECORDYfRIftEQ
~ First Federal Savings 8. Loan Association ~
~ of Fort Pierce, F loti aa ~y~C 3 3 n pM
uc
Checked By
u R 19~ PACf 219932
B04i4
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