HomeMy WebLinkAbout1860 J. To place and con~~nuovsiy keep on the bu~'J;ngs now or Fmreai~er t~tuate on ~a~d I~~d and on al: equipment and personslly to~e~ed by th~s mo~
age, w~rh a~l premi~m~ ~hereo~ pa d~n futl, lue inswancr ~n ~i~z us~al sta~~erd pot~~y form, in a sum appro~rd by ~hr MOR~"AGEE, ar,d w~:~d~ro
~nsurance in the usual sronda.d pol•ty lorm, in a sum approved by the MORIGAGEE, in such compa~y or tanpan~es as thQ h10RiGaGfE m
d~ret~; and all I~re a~d wmdsiorm inw~ance po~~oe• on any of sa~d bu~td~ngs, any iNerei~ there~n or parf thereol, in ~he ag~~rga~e su~~ afo~esa~d i
in eacesi thereof, ~hall conra~n the uwal s~andard mo<<gagee c~aute o~ s~ch o~her dause as the Margagne may req~~ro, making ~hr ioas unde+ s~.d po ;
c~es, each and every, payab!e ro ss~d A10RTGAGEE as ~~s ~~~errs~ may sppear, and each and e~ery such po~~cy ~hail be prompriy asa gnrd anJ de'.~Yrrrd
eny heid by sa~d A10RfGAGEE as ~urthrr secw~ty to said n:urtgage d~bt, and, no! tess than ~en t10) days in advance o~ rhe exHUa~~on of each po:~cy, ro d~
t,.-er to ~aid MORiGAGEE a ~enewal the~eof, toge~her w~~h a rece~p~ to~ the prem~um of such re~rwal; and there shall be no f~rt or w~~~ast::•m insu~anc
placed on any of sa~d bui!d~nga, any intere~~ there~n or part thereof, un'ess in the form and w~~h ti,e :ass payable as aforesaid; and in ~he eJrnt m~y s~~ }
of money bccomes payabte u~der wch policy or po6ues said MORTGAGEE shall heve ~he opt~on to ~rcr~~e and app!y the same on aao~nt of ~he indaot~~d ;
ness secured hereby w ro perm~t si~d MORTGAGORS to rete~ve and ~se it p any pa~~ tFk:eaf for o:n~•r r.ur,.oses. ,•.~~ho~t ~h~~.:,; ~v.,~.~~3 ~-:a-~~ f
mg any eqv~ry, lien or ngM unclrr o~ by v~rtue of this mc:'gage; and ~n the evem sa.d MORTG~GORS sha!I fo~ any ~tason fail to keep the sa~d p~e~n~s_s so ;
~nsu~ed, or fail to dr!ir'e~ p~omptly any of aaid pol~C~es of insurante to said MORTGAGEE, or fad promptly t4 pay f~~:y any prr +~:.:m therrfor or in ~'~y
•espect fail to perfo.m, dacha~ge, eaecute, effect, comptete, canply wirh and ab~de by th~s covenom, o~ any pert he~e0(, Si~d /dGRivAGEE may p~ace a o
pa; For such insurance or any part thrreof w~rhout waiving or affecting any ophon, lien, cqwty, or nght under or b~ v~rtue ot th~s hto.rgage, ar.d the
!~II amouM of each and every such payment shall be i~nmed~ately due and payable and shal! brar interest from tlw date thereof un~d p.,~d at the rate of
n;ne per centvm pe~ a~inum ond tugrlhcr wrh wch inteicst shal~ be srwred by the litn of th~s martqagw ~
1. To permit, commil or su((er no waste, impairment a deter+o~at~on of said property w a~y part lhereof.
5. To pay a!I a~d singular the cos~s, charges and expenses, intluding a reaionable at~or~ey's fee and cosrs of a5st~acts of title, incu~red or paid at
um.e by said MORTGAGEE, becauie or in the event of the fa,lure on ?he part of the sa~d MORTGAGOR ~o ciuly, p.or*.p~ly and f~;Iy perfonn, d~scha~ge
=,~cvte, ef(ed, comp~e~e, co~nply w~th a~d ab.de by each and every the at~puiat~ons, agreements, cond~t~ons. and cuvenants o~ sa~d p:om~ssory ~otr e~d ~h•s
r.orrgage any or enher, and sa:d costa, chargts a~d expenses. each and erery, shail be immed~ately due and payab!e; whether w not there be nonce da
~na~~d, attempt to coliect or su+t pend~rg; and the full amo~nt oF each and every svch parmen~ ahali bra~ inreres~ from ~he date thereof umii pa~d at the
~,re o~ rune per c~nrum par ann~_n; an~' aii said Costs, charges and eapenses ~ncurred or pa~d, togetiirr w~th such interesl, shal{ be securc=d by the I~en of th,~
mortyage.
6. Thst (a) in the event of any breach of this Mortgage w defaul~ on ~he part of the MORTGAGOR, or ;b) ;n the event ~ny of sa d sums of money
~~~•ein referred ro be not pro~np~ly and futly pa~d withln thuty i30) dars nexf at~cr ~he aa:ne u.era'ty become due and payab!e, wuhou~ demand o~ nonce.
~r ;c) in the event each and every the stipu:anons, agreementi. conda~ons and covenanrs o~ sa d pron,~asory noie and ~h~~ mortgage any or arAer a~e not
iuly, promptly and fully performed, d,s:harged, eaec~ted, eifected. canpteted, compl.ed w+rh and aD~ded 5y, rhen in e~ther or any such e~ent the sa,d ag
~r~•gate sum mem~oned in sa~d prom~ssory nere thrn ~ema~n~ng unpa~d, w~fh meeresr acuued, a~d au mone~s sec~red hereby, shail becume due and pay~
ao e forrhwith, a rhereafrer, at the opnon of sa~d MORTGAGEE, as f~H/ and compie~ely as if atl of ~he sa~d aum~ of money were ong~na:ly s~ pu:a~ed
fo be pa.d on such doy, anyth~ng in sa.d pro~mssory note or in this Mongage ~o ~he con~rary notxrths~and~ng; and thereupon or thereafte~ at the opt~on of
s+ d MORTGAGEE, wnhout not~ce w demand, suit at law a in equrty, fherefore or thereafter begun, may be proaecuted as if all mo~eys sec~red hereb~
~._d matur~d pr~or to rts ~mtrtuhon.
7. That in the event that at the beginn:ng of or al any t~me pend~ng any su~t upon this Mo:tgage, or to faeclose it, or to reform it, or to enforce
c:~rment of any daims hereunder, sa~d MORTGAG:E sha1l apply to the Cowt hav~~g iunsd.cr;on fhereof for the appo~ntment of s Recewer, wch Cou~~ sha~l
~•rhwi~h appo~N a receiver of sa~d mortgayed prope~ty atl and s~~~lar, incl~,d~ng a~~ and n~ngv~ar tt~e income, prohts, iasues and revenues from wh,tever
s. •~•ce de~~+ed, each and every of wh~ch, ir be~ng express~y undersrood, ~s here5y morfgaged as ~f speo~~caily se~ fo~th and descnbed in ~he g~ao~~~~g a~~d
~r,endum dauses hercwF, and such Rece~~er shail have aU the broad and efiecr.~e tun~r ons and powers in anyw~se entrusred by a Co~rt to a Rece~~er, a~~d
s:h appomiment shall be made by such Court as an ad:n~tt~~d equ~ty and a matrer of absoiu~e r.ght to sa~d MORTGAGEE, and w~fhovt re~erence ~o the
c i>y,,;cy w inadequacy of the value of the property mortgaged or to the sc.vency or ~nso.~ency oi sa~d MOR:GAGOR or the deie~dants, and ihat such
~~s. Nrof~ts, inco.ne, ~ssues and revenues shati be appi~ed by such Rece~ve~ accord,ng ~o the t~en or equity of sa~d MORTGAGEE and tha pract~ce of s~ch
Court.
8. To dvfy, prompti~ and fvlly perform, d~s:harge, exec~te, effecr, co~+p~ete, compty w~rh and abide by each and every the s!ipu:ations, aqree~nents,
condneons and covenams ~n sa~d prom~ssory nofe and th~s mOrtg3~C set forth.
9. That in the event the ownership of the mo~tgaged prem~ses, or any part thereof, betomes vested in a person other Ihan the MORTGAGOR, the
.'~RTGAGEE, its succes~ors and assigns, may, w~thout nor~ce ta the .~tORTGAOR, dea~ w~th wch s~cceasor or svccessw In ~nterest wuh ~eference to th~s
o•+gage and ~he deb~ hrreby secured in the same manner as w~fh 1Jlorrgago~ w,th~ut in any way vit;a!ing or d~scharg~ng the Mortgagori liab~i~ty here-
der or upon the debt hereby secured. No sa!e of the Fremnes h~rehy rnortgaged and no forbea~a~ce on the part of the MORTG<.GEE w its wccessors
c~ ess~gns and no exte~s]on of the t~me tor the payment of the deb+ hereby sec~red g~ven by the MORTGAGEE or its succesaws or aas.gns, s~:ali ope~ate
!o re~ease, d~scharge, modify thange or affecl the ongmal tiau~t:ty oi the N~CRiGAGOR here~n, e~ther in whole or in par1.
10. It is speu}icaliy aqreed that time is o( the essence of this conrract and that no waiver of a~y ob'tganon hereunder w of the ob'igation sr
cured hereby shali at any time thereaher be held to be a wa~ver of the term~ hereof w of the insrrumem sewred herby.
~
~ 11. fn add t:o~ to the forego ng rnor.th!y pa~~menrs of princ pal and inrerest required by the prom~sscry nore sec~red Fe!ebr, morig~~or covenants
? aqreef to pay to mortgagee w~th eac~ mcnih:y pay~.:e~~t an addr.ional sum ~~s~ n ared by mortgagee to be equai ~0 1 12 of the ann~at c~st of the fo~fow-
i
~ A-AI{ ~ral property tarrs lev~ed or assessed ag3~•ist the above desv~bed real estatr.
B Pr~•~ ~ums on fne and windetor~n ~nsuiarce as herem requ:r~d to be carned on the ~m; rovements s:tvate on the above descnt;ed premises.
~ C-Prem6~ms on su:h mort~age 9va~anty insura~.ce as mor~gagee sha~I fro~r r me +o t~mc deem flt ro carry on the loan sec~red hereb/. ;
r A1o~tgagee s~a~l 'rem time to t~me nor~fy mcrtgagor m w~rt~ng of the arcouM due and payjble here~ndar and suth su~~ shail thcreupon be due ar,d
c~,ab~e or~ the dve aafe of the neat month:y payment and each wccess~ve month thereaft_r ur.tii mcrtgagee shatl not:fy ma+gagor of a change in such
~ - ount. S~ch sums sha,l ba app'~rd by morigag~e tua.ard tne payment of reai preper~y faxes, insurance prem.ums, and morrgage g~aranty ~nsurance
g e~nwmi.
~ IN Y~ITNES$ VdHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ S , Sealed d efive , the p?esence of: r/`~ l
~ ~L,~ '
~ ,~T ~ ~ (Seal)
'-Rru ~ 1't, D. G bb ~aq
- • . _ i - •~/iSes!)
~ [ , _ " . . L- _ ~ sc.
~ ',titness: - t H. Gibbbrts
~ FLARI~A
~ STATE OF F~ ~~jC 1 -
S2 . LUC I E l
~OUNTY OF 1
:4
Before me personally appeared _ ROb@I't. D. Gibbons end
_ M$j'g82'et, H. ~~bbOT13 _ h~s wi{e, ro me we~l known and known to me to be
N,e ind~vid~als descr'bed in and who eaecuted the foregoing instrument, and acknowfedged befwe me that they executed the same for the p~rposes
~ Gi~bons
~ rherein expressed. And the said________ ~2'~1'@t. H•
zx ~,,fe of the aaid ROb9I'~ TI. Gibbons , upon a sepa~ate and priwre
~ e.am~nat:on by me takrn uparate and apart }rom her sa~d huaband, acknowtedged to and before me that she executed said instrument free:y and voiun-
~ rer~ly and w~thout any compu~sion, consrra~nt, apprehens.onr~fesr o( w from ber said husband.
~ WlTNE55 my hand and offic~al seal this_ -y day of Februs A. D. 19 72
= tt~C~
- Notery P~bl' and fw the State af~et_ Large
My Comm on expires: ~ I~/~~ ~
Return to: ~`~"1 ~
; f First federal Savings 3 loan Associa!~on N07ARY PUBLIC 3TATE OF FLOR1bA )IT QR(~
- Of Fort Rr:ce. ~~Y ~n~{!.11SSION EXPIRF$ AUG. 6. 197~
- GENERAt INSURANCE UNDERWRITERS, ING
fUrt Pitrcr, Flvrida
Y~
F lE0 AN~? RECOA~EO
'a=~ 7his Instrument Prepared ey WDt. E. Braun i~.lUClt COUNT~? LA.
First Federal Savings 8 Loan Association ROGEii ~~ItRAS • f
~:t of Fort Pierce , Florida CIERK C+~,GUI? COURT ~
. . . RfCORD YER~FIEO~
Checked BY - ~ ~ 3 Z6 PM ~ 1 ~
so~~K1y9 e,,~fi859 22--
_ ~~8~ ~ .
-
_ - - :