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HomeMy WebLinkAbout1814 J. To placr a~:d Wnti~luJviij Aeep on tF.e 6v~ d:~:gs now o~ hereafrer f~tuate on sa~d iand and on a!~ ~ q~~p:nant and Fersonally coverzd by this mor ege, w~th all pren;~un~s th~•reon pa,d in Iu~1, t,re ~~~sv~ance ~n the wual srar~cla~d po:;ty fo~m, in a s~~n a;.aro~rd b~ Ihe MOR~GavtE, a~~d w~~~Js~o ~~~wrance in tha usual sTanda~d pol,cy form, in a sum appro.rd by ihe MORTGAGEE, io such co~npany or co~npames as ~he AtORTGAGEE m d~recr, and all fi~e and wmdsrerm inw~ance p0lic~es on any of sa~d buitd.r+gs, any interest there~n or pa~t the~rof, in the a~gr~~gere su~n atoresa~d in rxcess ehr~eoi, s1~a1! ;onrain ~he us~al s~andard mo~~gagee ciause or such o~her dause as the Mor~yagze may requ~re, making the ~oss unJr~ s.+~d po <,rs, each and every, payab'e ro sa~d n~JRiGAGEE as ~ts ~ni~rast m~y appear, and each and eve.y si~ch po:~cy ahall be promp~(y ass gncd and dr,~.er.;d ~ any hetd by sa~d h'ORiGAGfE as fu~rher s•:cwify ro Said rt:o~tgaqe deb>, and, not less than ten ~IO) days i:i ad.ance o1 th~ explrot~on of eath pol~cy, ro d~ I~~e~ to said MORTGAGEE a renewal thereo(, toge~her with a rece~pt tor the p~a~nium of such renewa.; and ihrre s1~ai1 be no f~re o~ w+ndsto~~o insuranc placed on any of sa~d bul!d~ngs, any intereal Ii~ere~n or part ~hereof, unless in the form and wirh rhe loss payable as alo~esaid; and in Ihe e~ent any sun of money becomes payab!e unJr. s~ch poGCy o~ pot~cies said MORTGAGFE sh3{I have the opt:on ro rec.•~va ~nd apyly the sa~ne on account o( the i~~debfrd ne:s sec~red h~~eby or ~o prrnut sa~d MORTGAGORS lo receive and use it p any pa~t the:eof lor o:~~•_r ~.ur~.cs~s. .:~~i~o.:t ~h,•.u; c~ ~<<:p"~ ~ng any equ~ty, Len o~ r~qht under or by virtue of fhis mo:•gage; and in the event sa:d MORTGAGQk$ sha!I !or any raason fail to kcep the sa~J prem~s_s so ~+~s~rcd, or fail to del~ve~ prO~nptl~ any of said pohcies of insurance to sa~d MORiGAGEE, or fa~l p:o~~,ptly to pay fu~ty any pren,ium therefor or in any respect fail to pe~farm, d~sch;rge, e:ecute, ef(ec~, comptete, comply wirh and abide by this covcna~;?, or any par? h~~reof, said MGRTGAGEE may place a~o Fay for such insurance o~ any part tnereof wnhoul waiving w affecting any option, lien, equ~ty, or ngM under or by virtue oF this hlortg~ge, and fhe f~li amoum ol each and e~ery such payment sha~l be immediately due and payable and shall brar intrr~st from the date thereof u~uil paid at rhe ~are of n~:~e per czr~rum per arnum artd ru3rrha~ wi~h such inrerest shai~ be srwred by the lien ol this mortg~ge. a. To permit, tommit w suffer no wasfe, impairrt~nt or deteriotatio~ of said property p any part thereof. 5. To pay ali and singular the costs, charges and expenses, including a reasonable attwney's (ee and costs of abstractz of title, incurred or paid at any time by said MORIGAG:E, because or in the event of the failure on the part nf the said MORiGAGOR to duiy, pro~~pNy and fully par(orm, d~scharge ~x~•cu~e, effect, canplete, comply w~th and ab:de by each and every the stipu~at,ons, agreen,ents, conditions, and covenants of s~~d pro~nissory note and th~s ~~orrgage any or eliher, and sa:d costs, charges and expenses, each and every, shall be immediately due and payab:e; whe~her or not ~here be nonce dr ~,3nd, attempt ro cotied or su~t pend~ng; and rhe f~l! amount of each and every such payn~ent shalt bea~ inferesi from the dare thereof umil paid at the ;.•'e o~ nine ~r crntum ~r a~u~~.r; and alt said costs, chargrs and ex,enses i~curred or paid, togalher w+th such in~erest, shall be secured by the I~en of th~~ morfgage. > 6. That (a) in the event of any breach of this Mortgage w default on tt~ part of the /ti10RIGAGOR, w(b) in the event any of sa;d sums of money h~rein referred to be not promptly and ful~y paid within thirty (30) days next aftcr the s~me seve~atty become due and payable, without ~mand o? notite. cr (c) in thz eveN each and every the stipu;at~ons, agreemcros, conditions and covenants of sa d pro~nissory note and th~s mortgage any or e~ther are oo! iv,y, prompily and IuUy perfo.med, dscharged, eaecuted, eifected, compteted, compl~ed w~+h and aL~ded Sy, then in e~~her w any such event the sa~d ag gr~•gate sum mentioned in said promissory note Ihen remaining unpaid, with interest atcr~ed, and a11 moneys secured hereby, shall betome due and pay- ao e(orthw~~h, or thereafter, ar ihe opnon of sa~d MORTGAGEE, as fuNy ard comple~e~y as if all of the said sums of money were w~ginady st~F~:ated to be pa;d on such dcy, anything in za d prom~ssory note w in this Mortgage to the tontrmy not,~vithstand~ng; and thereupon or thereafter at the option of s~.d MORTGAGEE, w~tho~t notice or demand, suif at law or in equity, therefo~e or thereafter begun, may be prosecuted as if all moneys secured hereby r._d matured pnOr to ds insfituhon. ~ 7. lhat In the event ~hat at the beginn;ng of w at a~y time pending any suit upon this Mo~tgage, or to foreclose it, or to reform it, or fo enforce F r~meN of any claims hereurder, said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof for the appo~ntment of a Receiv.e~, wch Courr si+aH icrrhwith appomt a,.eteiver of said morigaged property all and singutar, includ~ng all and singu~ar the income, proLts, iuves and revenues from whatever s: urce derived, eaclt,8r,d every of wh~ch, it being expressly understood, is hereoy morrgaged as ~f speufically set forth a~d desaibed in the granfiog and h_,bendum cfauses Frereof, and such Receiver shall have all the broad and effective funu~ons and powers in anywise enfrusted by a Cou~t to a Recaiver, and' s_ch appointment shai! bc made by svch Court as an ad~ni~ted equity and a matter of absolute right fo said MORTGAGEE, a~d witho~t referente to the adequacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency of sa~d MORTGAGOR or the defendants, and rhat such r:~~,rs, profils, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, eifect, complete, tomply with and abide hy each and every the stiputations, agreements, cendi~ions a~d covenann rn sa~d promissory note and th;s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, be~omes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successo~s and ass~gns, may, wi~hout notice to the MORTGAOR, deal with such successor a successor in interest with reference to lhis r, o•rgage and the debt hereby secured in the same manner as with Mortgagor w+thauf in any way viteating or d~scharging the Nbngagors' liability here- v~der or ~Fwn the debt hereby secured. No sate of the Fremises hereby mo~tgaged ar,d no forbearance on the part of the MORTGAGEE or its successws or assigns and no exre~sion ot the tir.~e for the payment oi the debt hereby sec~red given by ~he MOR7GAGEE or its successors or au~gns, a7~a1! operate ro re!ease, d~scharge, modify change or affect the orig~nal liau~lity of the MORiGAGOR herein, eithe~ in whole or i~ part. 10. It is spec~ifcatly agreed ~hat time is of ~he essence of this contract and that no waiver of any obligat~on hereunder o? of the obligatan sr c~~ed hereby shati at any time thereafter be hefd to be a waiver of the terms hereof or of the instrumem secured herby. I 1. In aod,~;o~ to tne forego~ng month!y paymems of prir.c pat and interest required by the prom:sscry no'e sec~red hereby, mo~tga~or covenants ~~~d agrees to pay to n:ortyagee ~n,rth each menthiy pa~rnent an add~~ional sum ast~~~:ated by mortgagee to be equal ro 1, 12 of the annual cost of the follow- !,~3: A-All ;eal property taxrs levir~ or assessed aga~•,st tFu_~ above described real eztate. B-Pr.:r.~ums on f~re and windstonn ins~racce as herein reqv:red to be ca~ried on the imrroveme~ts situate on the above described premises. C-Premiwns o~~ such mortgagp guaranty ir.sura~.ce as mortgagee shail from. ~~me ro time deem fit to carry on the loan sewred hereby. ldortgagee s!,a!! frcm rime to time notify mertgago~ in writing of the amouot due and payable hereundrr and such sum shall thcreupon be doe and .,ab!e on tha due dare oi the neKt momhty paymem and eath successive month thereafrcr urtil mertgagee sha!! notify mortgago~ of a cbange in such • ~unt. Such surns sNa:! be app:ied by mortgagee toward ihe payment oi real property taxes, insurance prem;ums, and mortgage guararoy insurance . ~emiums. IN 1':ITPJE~S 'NH,REOf, the said MORTGAGpR has hereunfo set his hand artd seal the day and year fint aforesaid. S+gned, Sealed and delivered in 1he presente of: - - Seaq r ry . r low ~a~~ (Seaq _ AudZe G. Sarlowe ~~a~~ 5~.-+TE Of FLORIDA ~ ; ~JUNTY OF _ St L-UC 1~ ~ 1 iy Before me personafly appeared J e r ry C. Ba r lowe i and } ~ t1UC~ XEl' Ci . Ba r lowe his wi(e, to me well k~own and known to me to be ~ ,a ind~viduals descr~bed in and who executed the foregoing instrume~t, and acknowledged before me that they executed the same for the purposes rh,~rein expressed. And the said Au(~ r Ey G. B^ r IOW P. .~,fe of the sa~d ___Jerry C. B;111d1i e upon s separate e~d privay , ~.aminat;on by me faken separate and apart from her sa:d husband, atknowledged to and before me that she ezecuted said instrument freely qr?d',1~olurt~, =•~~y and w~thout any comaulsion, constraint, appreh~ns; ~ qdfear of or from hersaid husband. ~~«i~:•~, - f/ June ~2~-.. . WITNES$ my hand and official seat this-~'t~ ~ day of ~.-~p , ' V ~ ~r~ i Notary Public in and f Stat f Flp'rid~ af ~`"rpe.; _ , • . - • . Ret~m To: My Commission expir • - :6- _ ' 1:'~1~".~Y f~?iP~!('~$i:T~~.R+~',}1f~(~1G(~ - First Federal Savings 3 loan Associat;on YY C~~': :'.i`;;;;,t;;.-~p~~r ~~~.~~9 - O/ fort P.rrte lr~d~-0 i'• „ _,~ir~ - . y ii ~`tc l~~.r~r~~ti Fort P~erce. Flondj F1LED ay~ ~ ~'vRDEO _ , ` ~ ST. LUC?E ~~,NTY FU. ~ - RGLE^ ?p!"+~AS `1~ ~'i,;,ri:+ ' CLERK C~ ~S~T COUaT ~ ~ This Instrument Prepared By John lti', Co11~~~R` ~F- `'"~EO q. 7 ~ First Federal Savings & Loan Association t', 14 45 ~~7Z of Fort Pierce ~ Floric?a ~It~ Z3 Checked By ~ 23~p00 ~oo~ 2~~ P~~~ i814 ; 5 - .~~~~~=R~ _ . s_ ~ } ~ ~ ~ ~ ~ - ~ ~ y.