HomeMy WebLinkAbout2365 3 To place and contlnvous:y Aeep on rhe b~: d~~gs ~ow or hereaf~er f~t,,ate on sa~d :and a~d o~ a~. rq..~p-~rnf a~d prrsona~~y cu~e~ed !?r rh~~ ~noe
ege. w.rh alt pre~~:.,ms ~nereon pa.d ,n fu:l, f~ie i~,s„re~ce ,n the ~s.~a; s~e:~a~d Vc'I:y fo~:n. ~n a:.,~ a~:p~o.rd b~ rhr N;i?k.~:.:,:E. a~~~ v.,,~sto
~nt~rance in the usual atandard po! cy .form, m ~ a~r-~ ap, ra.ed 'by ihe MORTG.~vEE, in s~:h co^~pany or :o•r•,;ar.,es as ~he :"~C•~iv=.viE n,
d~rect; a~d ali fire an~ w~~dsiorm ~ns.,•ance po ~c~es on any of sa~d b~rd,ngs. any ~roerest there~n o~ pa~t thrreo+, irt ~he agg•~ga~e s~ ~ d~J~f13~tl
in excesa thereof, ihali :ontain ehe ~s.~a~ ito ~dard mo•~g~gre c~ause o~ s:,ch o~her c~a..se as the Mo~tga~ee ~~ay ieq~.rs, maA~ng tne ,css ~~~der s~ d po
c~es, each aad eve.Y. Garab~e to sa~d A\JR?G4GEE as :rs inrerc•st may appear, a~d each and e~ery svch ~v .:y s~~all be prun,pi,y ass g~~e~ o de.~.~~~•d
eny hNd by sa~d AAORivAGFE as fu<<he~ sec~rity ~o sa~d morigage debt, and, no~ ~ess than ten ~10~ dnys ad.a~,ce ol ihe e.;~~~at,on o~ ea.h pe to d~
i.ver to sa~d b10RTGAGFE a renrv.ai thereof, together v~~ih a rece~pt for ~he prrm~um of s~ch rene,na'; and thr.e sha!i be no f,re or ~~~.+:.s~: ~ s~ranc
plated on any af sa~d bui~d~~gs, any ~merest therem or pa~t the~eof, u^ess ~n the form a~~d w~!h th~ ~oss payat~:e as a'oresa~d; an~ in the c.rnt a-y s.,~
of maney omes payabie under s~ch pof~cy or poLuas sa~d MJQTG4GeE sh~ll have the opr:on to .ec~~ve a~.d apt'y tnr sa~ne on ar.ou» of ine ~narrr~~o
ne:s sec ereby or ro perm~t sa~d N10RTGAGOR$ ro recewe and use d o~ en~ p~~t t~~~~:eaf to~ e~~~• •;.v:. ~srs ...~^~.;T ~`r'~'
~ng any ~ty, t~en or nght under or by v~rrue o1 th+s mcrtgage; a~d i~ the event u:d M~RTGAGORS sha!I Eor any rrason fa~t to kecp ~he sa•d pre~n.ses so
~ns~red, or fail to de~~ver promptly anY of sa~o po:~c.zs o f ~n;wance to sa~ d M O R T G A G E E, or 4;,~ p:o~~~p?ir to p ay fu.t y any p: e~ :~~-n nc~~e!or or ~n a~ y
respect fail ~o perform, d+scharge, execure, effe:r, camp~ere, conply wirh and a5~de by tfi~s covena,t, or any ps-~ h;reof, s.+~d A•G~RI~.%.G_f ~~~r p 3~~' a o
pa~ fa s~ch insurance or any pa-t theieof w~flw~t waiv~~g or effect~ng any op~~on, Gen, equny, or ryht under or by .•.rt,,e oi rhls h1o~~ga~e. and ~hc
f;;~l amovnt of each and e.ery such paymznt shel! be ~mmed~atety due and payable and shat! brar ~nreiest irom the da~e thereof ~,nr~~ ;..:.d at ii~e raie ot
n~ne per cenTUm per annum and to~eiher vc:!h s~ch ;nee•est 5`13i~ 5e s~•c.,red by the :ien of this mortgage.
1. To permit, commit o? suffer no waste, impairment or deterioration of said property ot any port thercof.
S. To pay atl and singi~tar ttx costs, cherges and expenses, indud~ng a reasonable sttorney's fee and cosrs of absr~acts of t~tie, incurced o~ pa~d at {
ar~• hme by sa~d MORTGAG~E, because or in the event ef the fa~ture on the ;.art of ~he said MORIvpGOR to d,,1y, ora~ptly and ?~:ly pr~torm, d:sc~a~ge
e•ecute, effKt, tomptere, comply wdh and abde by each and every the stiputat~ons, agreements, tond~t~ons. and tovenants of sa~d p'O'~'.~>SJIy note a~~d th:s I
,-o~igage any or e~~he~, and sa~d costs, char~es a~d expensea, each and every. sha~l be immed~atety dve and payab:e: Nhcther or nor rhrre be noT~:r dr }
n~and, atrempt to co:Iect or si~it pend~ng; and the full amoum of each and eve+y s~ch paymem s~all bea~ rnt@«S~ from. the date thereo4 ~nTii pa~d at t~,e ~
~c o~ n~ne per cent~m ~r amw:n; and al: sa~d cca~s, cnarges a~d exprr.ses ~ncucred or pa~d, rogether .v~th wch ~ntareat, shalt be secured by t!~e i~rn of th~~
mortgsge. ~
6. Thst (s) in the evero of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) m the eve~t any of sa.d sums of money
herein refe~r~ to be not promprly and fu!ly paid w~~h~n ~h~rty (3J: days nr¦r a~rer ihe sa~ne ie.•e•a'.iy beco^ie d~t and payable, wlshouf demand or not .r,
or tc) in the evem each and eve~y thr s!ipula~~ons, agreements, cond~r~ons and covenants of sa.d prom~ssery nese and th,s mortgage any w erthe~ ar~ not
~uty, promptly and fuliy performed, d.scharged, eaec~ted, effecred, mmpleted, cornpi~ed w~th and ab~ded 5y, then in enher a any svch evem :he sa~d eg
~•egare sum menrioned in sa~d promiss~ry nofe then rema~n~ng unpa~d, wifh ~nrere,t accrued, and a,~ moneys secu.ed hereby, shall Decome d..e and pay-
ac~e iorthw:th, o+ thereafter, at the opnon ot said MORTGAGEE, as ful~y and comptere~y as ii all of rhe sa~d wms of money were or~g~na:ly st.pli,ated
~o be pa~d on such day, anything in sa.d prom,ssory note or in this i~Aortgage to tne conr.ary norw~thsta~d.nq; and thereupon or the~eaftrr as f!~e o,~•un of
s~~d MORTGAGEE, w~thout nonce o. demand, sv~t at law or in equny, tnerefore w therrairer begun, may be prosecuted as ~f ail moneys secured hereby
n~d matured pr~or to ~ts ins~itutsan.
7, That in the event that at the beginn~ng of or at any time pend~ng any su~t upon ~h~s Mortga~e, w to forectese it, or to reform it, or to er.fo.ce
~ayment of any ciaims he~eundec, sard MORTGAvEE shalt appiy to the Co~n havi~g ~w~sd~r.~en the~eof for ~he eppo~niment of a Rece~ver, wch Cwri shail
c.•rhw~th appomt a rece+ve~ of said mortgaged proaerty ali and s~ngula+, inci~d.ng a~~ and s+~~g., ar the ir.come, proi~ts, ~ssues and revenves fran wh~tzver
s,.;rce drrived, each and every of wh:ch, ii t~~ng expre:s~y unders!oa-i, 1s her:by morrgaged as i4 spec,fica;ty sN forfh and dzscnued in the g•snr.:,g and
n,aendum rauses hereot, and such Receiver shat~ have aii the br~ad and eftec~:ve f~nc!.cns and poNers ~n anyw:se emrusred by n Cou~t to a Rece~.er, a~d
=_~r. appolmment shall be made by s~ch Cowt as an ad-utted eq~rty.anri a mafrer of absoiute rgh~ to sa~d MORTGAGEE, aed wr•h:ut referer~ce to the
a.~eq~acy o• inadrqvacy of the value a( the propeny mortgaged or te ihe so.ve~cy o~ ~r.sc ~ency of sa~d MORiGAGOR a the deie ~dan!s, and ~h;t s~ch
re~rs, profin, incane, iuues a~d rrvenues shall be ap~~ied by such Rece~Yer ot:o~d~ng to the Gen w equ~ty of said MORTGAGEE and ~he pracrece of svch
Court.
6. To du!y, prompt:y and ful~y perform, dncharge, execufe, effect, complefe, comply w~th and abide~each and every tFx stipu~ations, agree:nents,
:onditions and covenants :n sa~d promisso:y nore and ths mortga~e set forth.
9. That in the event the ownership oi the martgaged pre~-~nes, or any pan thereof, becomes vested in a~
rson other than the MORTG~vOR, the
:'~RTGAGFE, its succeuors and ass~gns, may, w~~ho~t no~~ce to +i,e N,ORTGtiOR, deal w~th svch successor or succeTsef-+w-i~terest w~th re{ere-~ce to this
~~o•rgage and the debi hereby secured in the aame manner as w~~:h t~orfgagor wn?w~u~ in any way vit:ating or d+scha~g~ng the BRa~ag~ori liab.i~ry here-
~^der or upon the debt hereby sec~red. No sa!e of the premfses hereby mo:tgaged end no to~bearance on tfie part of rhe tAORiGAGEE ts wccessors
o• assigns and no exre~sion of the t~me for the paymem ot the debf he.eby sec.,red g~ven by fhe MORTGtiGEE or iu successors or ass.grs, .h . erate
ro re~ease, d~scharge, modify change or affect the ong~nai tiab.~rty of the MORiGAGOR here~n, either i~ whole or in part.
10. It is specif~ca~ly agreed that time is of the essence of this contract and that no waever of any ob'~ga?~on hereunder or of the ob!i9ation se-
cured hereby sha:i at any time thereaher be heid to be a wa~ver of the terms hereof w of the instrumem secured herby.
l l. In add.no ~ to tfie tore~o nn month~y paymenrs of p~;~,c pal and ~ntr•esT requ~red by the promsscry no~e s:cured hereb~, mort~a~or covenants
a- d agrees to pay to mortgagee v.~th ea~h mon~h y payr ,e~t ar. o~~.•~onai s~m est - ared by mo'tgagee to be e~ua~ to i 12 of !he a~ •ua: cost of the tol'~ow-
~y:
~ A-AI{ real property taxes le•ned or assessed agai~sr th~ above desc~lbed reai es~ate.
6-Pr_n:~u•ns on fire and N'1!10510"T ~ns;~•a~.:e as he~ein req~~red to be ca=r~ed on the ~mr~oveme~ts s tvate on tfie above desc-•:nd p*em~ses
" C-Premiums on such mortgage gua•anty ir.sura :e as mo~~gagee sha~: fro-.~ t me to t~me deem fit ~o carry on t6e ioan sec~red he~ecy.
` Mon a ee sha'I from ti:ne to ti~ne no}~f mortca ~n wn!~n of tha a•^oo~t d~e and a able he~eundrr and s::ch su~*: s~aii there~ n be d.~e and
~ . gg f _ 9°' 9 PY r`~.
~,able on the d~e daTe of the next mOnth.r payme~~t and e~ch sv:cess:ve ~~o~th tne~eaiter ur.!~t mortgagee sha!I rt.fy me~~a~aor cf ~ chan3e in su:l.
a•:ount. S~ch sums sha.i be app.~ed by m~rtge~?e ~ov.ard the payme~t of rea: property Saaes, insu~a~ce prem ums, s~d mo.t~age g~aranty insurance
o•emiums.
IN 45iITNE55 VVHER"cOf, the sa~d MORTGAGCR hes hereur~o set his hand and seal th day and year first sforesa+d.
~ ,
~ ned, Sealed and de' r in the presence of: F1LED Ar.^ ftECOR~EO
f st wc~c cou~tr f~~. ~ ,~ys~ ~-~c-~
ROCE R POITRAS ' ~ t ~ (Sea!)
s _ c~ERti c~RCUtT COURT 1 A. Malo «,n
; ` ~ RECORD VEPi?"~EO~~J
(Seaf)
rv YLC 8 2 44 PM I Li111an~ . ZO (Seap
~ S ~ A7E OF fLORIDA ~
SS.
C~UNTY OF St.. Lt1C ~@ ~ ~
X Philip H. Kalo ~~i
~ Gefwe me personally sppeared a^d
; Lillian J. Malo h~s W~r~, ,o ,M W~u k„~ .~d ~~.+o me +o ~
~ the individ~als described in and who executed the fwegoing instrument, and sckn wledged before me that they elceculld'~e~'lft~~~ip~~ pt+~pOSef
~ sherein expressed. And the said Lillian tj •~ZO
wtfe of the said Philip H. ~'~fl10 ~ pr;vate
_ e.am~nat~on by me taken sepa~ete and apart from her sa~d husband, atknowledged to anj before me tF~at sfie exeMe~ ss~',irntrumtnt Sre~ly~~rd va~un-
ranty a~d without any compulsion, constra~nt, apprehens:o`n,L or fear oi or fr~m her said husband. ~ ; .
~ WiTNESS my hand and officia~ sea~ this_-- ~uL day of ~CBm~@r ~'r' A, 19 T~
f . .
_ ~
3 Notary Pubiic in and for '$la~e OF' ~~fF~Latge
My Commasion eapires: ~ . 1 .
_ Return To: NOIARY PUBLIC; ~ATE~Of~~1RlDA at LARGE
First Federal Sa~ings 3 loan Assodat~on MY CQMK.1$SION EXPfRES $'EPT. 25. 1915
Of ~o-r P,e-ce Bonded Br l,merican Bankers Inwrance w.
~ Fort P~erce. Fiaida
This lnstrument Prepared By J. D. Chastain
= First Federal Savings & Loan Association '
- ~f Fort Pierce ~ F1oTids }
~ Checked By ~ g~~97 P~~~
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",~Y I 1 S
uk
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