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HomeMy WebLinkAbout1943 . • ! 3. To place and coru~nuously keep on the bui'dmqs now or hereafter s~tuare on s~~d land and on aR equlp.nent and penonally cove~ed by ~h~s mo~ ege, w~th all prem~~ms ~hereon pa:d m fu:l, fire ~nsurance m the us~al sra„dard ~'~c~ fornL in a wm appro+ed by the MOR~C~~iGEE, and w~ndato insurance in ~he usual uandard pol,cy form, in a sum approved by ~he MORTGAGEE, ~n such canpany or co~~pan~es as ~he AtORTGAGEE m d:recl; and all (ire and w~ndsto~m insurance po!ic~es on any of sa~d bu~ld~~gi, any inrerest rhe~e~n ur part thereof, in the aggregate s~m aforeiaid in excess theiroi, shall :onfain ~he usual sta~:dud mor~gagre d.~~se or s~ch o~Fur c,ause as the Mo~tgagee may reyu.re, mak~ng the ~oss undrr s~.d po c~es, each ~nd every, payab!e to said A1pRiGAGEE as ~ts inrerest rnay appear, anl each and eve:y svch po!~cy shall be p~omptlY aasgned a~~d de.~1ared ~ any held by sa~d MORiGAGEE as (w~her sec~rity ~o sa~d mor~gage debr, and, not less ~han ten ~10! days in ad.ence ol the expuat~on of each pu~~c~, to d. Gver to said MORiGAGEE a renewal theroof, togNhrr with a receipt fo~ the prenuum of wch renea~~l; and thero shaii be no f~re o~ w~~~us~o~~r iniwanc placed oo any of said build+nga, a~y inte~est there~n or par~ ~hereof, un'ess ~n ~he (o~m a~d w~!h the ~oss paYable as aforesaid; and ~n the eve~~t any sun of money becory+es payabie under such policy w poLcies said MORTGAGEE sh~ll have ~he op~;on ~o rec•.~~c a~~d apy'y the same on acco~~~~ of the indrbted nrss secured hereby w to permit safd MORTGAGORS to rece~ve and use it w any pa.t ihr:~-of t~~ o:~:•_r ~;~r; ~srs. ...rt.;_t +h~•~.~~ .v:~.~~3 ing any equ~ty, lien a npht under or by virtue of this ma tgage; and in ~he event sa.d h10~TGAGORS shall 'or any reason fa~l to keep the sa;d p~em~ses so lnsvred, w fail to deGver promptly any of sa~d pol,cies of insurance to ~a:d MORIGAGEE, or fa~~ p:ompriy to pay fu~:y any pre:+twm therafo~ or in a~y rospect fait to perfam, discharge, execute, effect, canpteta, co:npty wuh and ab~de by th~s cove~»~~t, or any part h~reof, sa~d MGRTG:.G'_E may p~ace a o pay fw such insurance or any part thereof w~thout waivinq or affecring a~y opt~on, iien, equ~ty, or r~~ht ~nder w by virtue oi th~s hlorrgage, and thE full amovM of each and every such payment shalf be immediately due and payable and sha~l bear intrrest from the date thereof unril p„~d ai the rate ot mne per centum per annum and to~elhar ~wirh such inferes~ shai~ be s~-c~red by the Gen of thfs mortgage. 1. Te permit, commit or suffe? no waste, impairment or deter+orat~on of sa~d property or any part thereof. S. io pay all and singutar the costs, charges and eapenses, indud~ng a ~easonabte atresney'a fee and costs af abstracts of tnle, inc~r.ed or pa~d at any time by sa~d MORTGAG.E, beca~se or in the event of the fa~l~re on the va~i of ihe said MORiGAGOR to duly, pro.^+pNy and f~ily perform, d~scharge =xecute, effect, complete, comply weh and ab:de by each and every the stip~lar~ons, agreements, cond~t~ons, and covenants of sa~d prom~ssory note a~:d th~s ~~ortgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immrd~atety due and payable; whether w not rhrre be nof~ce d~ mand, attempt to collect or wit pend~ng; and the full amu~nt of each and every wch oaym~m shall bra~ ~nterest hom the date thereol until paid at the r.ve o~ n;ne per centu~n par annu~n; and ali said costs. charges and eaprnses i~curred or pa~d, togethcr w.th such ir.terest, shall be setured by the iien of th~s mortg~ge. 6. That (a) in the eve~t of any brzach of fhis Mortgage or default on the part of the ti".ORTGAGOR, or ;bl ~n the event any oi sa:d sums of money herein referred to be not promp~ty a~d fu1ly paid wiihin th.r~y ~301 days nexi air•_r !he same severe.iy become due and payab!e, witho~f deR,and or not:ce, i or (c) in the evero each and every the stipu:ations, agreements, condirions and covenanss of sa d pro~~~ssory note and th s moctgage any or e~ther are not ~uly, promptly and futly performed, d•scharged, eaecuted, effected, compfeted, compl~ed wirh and at~~ded 5y, then in e~ther w any such event the sa~d ag i ~regate sum mrntioned in said prom~ssory nore thrn rema~ning unpaid, wiM imerest accrued, and a,l monrys secured hereby, sha~i become due and pay ~ a~:e forthwith, or thereafter, at the opnon of sa~d 6lORTGAGEE, as fu~iy and compteiely as if ai1 of the sa~d s~ms of money ,nere ong~na:ly s~.p~taied ~ to be pa~d on svch day, anything in sa:d pro~r.~ssory note or in this Mortgaqe to the conrrary notw~rhstandi~ig; 'and thereupon or thereafter at the op~,on of ~ sa:d MORTGAGEE, w~thou~ not;ce or demand, su~t at law w in equity, thereEore w thereafter begun, may be p~osecuted as if all moneys secured hereby n;d matured pr~or to ns institution. ~ 7. That in the event that at tne beginn;ng of or at any time pending any su~t upon th~f Mo-tgage, w to foredost iy o~ to reform it, or to enforce payment of any claimf hereunder, said MORTGAGEE shail apply to the Court having ~u~~sd.cv:o~ thrreof for the appo~ntment of a Receiver, such Court shail forthwith appoint a receiver of said mortgaged property alt and singvlar, incivd:ng alI and a.~g,iar ~i,e income, prohts, issues and revenues from wh~tever j so~rce derived, each and every of whlch, it be~ng express!y undersrood, is Fereby mo.~gag<d as ~f speuf~calty set fo:th and describrd in the g~anring ar.d habendum clausea hereof, and such RecaiYer shall have all the broad and effective fuRCr:ons and po.,~e:s in anyw~s~ entrusted by a Cou~~ to a Receiver, and s.ch appointment shall be made by such Court as an ad.nittrd equ~ty and a maner of absoiute r.ght to said MORTGAGEE, a~d without reference to the ad~quaty or inadequacy of the va~ve of the property mongaged or to the so.vency or ~nso:vency of aaid h10RiGAGOR w tha deiendants, and that such renn, profits, incar.e, issues anei revenues shali be applied by such Recerver acco~d;ng to the i~en o~ equity of said MORTGAGEE and the pracnce of such Court. 8. To duly, prompt;y and tully perform, d~scharge, executr, effect, complete, comply wirh and abide by each and every the stipufations, agreements, ;onditions and covenanrs ~n sa~d promissory note and th:s mortgage set forth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the '.'ORTGAGEE, its successors ar.d assigns, may, wiihout rtotice to the MORTGAOR, deat with svch successor w successor in interest wirh refere~ce to thia r.,ortgage and the debt hereby sec~red in the same manner as w~fh lAo:tqago~ withou~ in any .vay vit[ating or d,schaiging the Idortgagori liability her~ ~nder a ~pon the debt hereby secvred. No sale oi the Frem~ses hereNy mortgaqed ar.d oo forbearance on the pari of ?he MORTGAGEE or its successors cr assigns and no extens~on of the nme for tfie payment of the deb~ hereby secured given by the A10RiGAGEE or ita wccessws or ass:gns, ahall operate ro re!ease, d~acharge, modiiy change or affect the orig~nal liau;~:ty of the htiORTGAGOR here~n, either in w•hole or in part. ' 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any ob~:gat~on hereunder or ot the obligation se- i cured hereby shaU at any time thereafter be held to be a wa~ver of the terms hereof or of the insrrumeM secured herby. , 11. In addn:o~ to the forego ~~g month!y paymems of p.inC~al and inter<s~ requ~red by the prom sscry no~e secured herebr, m~~rga~or covenants ~ d ag~ees to pay to mo-tgagee v.~rh each month'y payr.:ent an addr~onal sum esrmated by mortgagee to be equal to 1 12 of the an, ~al cost of the fo!fow- i ~ _ " i ~ A-All real property taxrs levied or assesscd agai•ist th~ aboie desc+ibed real esrate. ~ B-Prem~ums o~ f~re and windstx~n inwrarce as nere~n requ~red to be carned e~ the imp+oveme~ts srtvate on the above d~scr~bed premises. E C-Premiams on such mort~jge guaranty ir,s~rar.ce as mort~agee shail fre~r Yme to s;me deern fit to carry on the loan secured hereby. { Mortgagee sfiai! from t~•ne to time noTii~ mcrtgagor in •a,rit;ng of the arrou~t d~e and payable hereundrr and wth su~n shall thereupon be due and ~ ;.3yable on the due date of th? next month:~ payment and each successive month thereafter uctil mortgagee sha!1 notify mortgagor of a change in such ~ ount. Such sums shaii be apFlied by morrgagee toward the payment of reai property taxes, insurance prem.ums, and mortgage g~aranty ~nsurance s :~•emiums_ ~ : IN Y11TP~ESS WHEREOF, the said MORTGAG02 has here~nto set his har,d and seal the day and ear first aforesaid. t ~ Signed, Seated and d" ered in he presenc of: _ 1/~ ~ ~ ~ ; ~ tf`1'`.~R'~` - ~ ~l''-~`"'~-~- t5eah ~ y+,~"' ~ I ~8 ~'~.'1"~3~'iQl -($eal) r _ ,cc `2xc 7'~t n. --ti. ts~aq ~ He len C. I~icMah m ~ _ cseaq ~ ~ ~ SiATE Of FLORIDA „ ~ SS. ~ couNrr oF St. Lucie ~ ~ Befo~e me personally appeared ~$rd n and ~ NR.I Et1 C. 1"~MB~'Y~11 his wife, to me well known and known to me to be the individuals described in and who e:ecuted the fwegang instrumeN and atkrwwled ed before me that they executed the same for the purposes therein expresud. Md the said Hefen Ci. ~C t1p11 ';a ~ Nife of the said ^d1+fA2'd F. I~el"~ahan , upon a aeparate snd private ~ examination by me taicen separate and apart from her said husband, acknowtedged to and beforc rrK that she executed said irqtrvtnenT freely'and voluo- 3 r ~an1y and w~thout any comp~ision, constrainf, apprehe;s~o~~or fear o4 or from her said husband. ~ '"3 WITNESS my hand and official seal this- ~ ' day of ~ebMla A_ D. (9 72 j ~ = e _-z ? Not y PubtK in and for the te~of Plwids at l~rge . ~ My Comm~ss~on expires: ~1 1 (1 ~ ~ - Retum To: ~ \-f ~~/i / •.1 Fint Federal Savings 3 Loan Associat~on K`~'. Of fo.t ~ e~e~~. . '3 Fo.r V~ercr. F!orida fItEO AND RECORDE~ = ST.lUC1E COUMtY F~A• ~ - ROCE' ~~~~1RAS ` CIERK CtRC11~T C~URT RECO~n VEn~F1E~~ ~ This Instrument Prepared By J. H. Noberts ~ Jr. ~ First Federal Sav~ngs 8~ Loan Association fEe 2~s PH ~Z of Fort Pierce , F'lorida . ' ~8~ ~ Checked By _ ' - } , ~ 19,9 ~~J~ ~ ~=x ,:Y ~s '.r.3 . . . . . _ _ ~ r"._-- . . . ' _ "