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HomeMy WebLinkAbout1852 To place and continuousty keep on the bui!d~ngs now w bereatter ?ituate on said land and on ali equip~nent and perso~aily covered by tAis ma age, w~~h all p~emiums ~hereon paid in full, lire in~urance in ~he usual stm.dard poticy torm, i~ ~ sum approved by the ),AORiGAGEE, and w~ndsto ~nsura~ce in ~he usual sranda~d pot~q (am, in a sum approved by Ihe MORTGAGEE, in iuch tompany or companiea as th@ MORTGAGEE m d„eu; and aU fiie and windito~m insurance policies on a~y of taid build~ngs, any interest therein or pa~t thereol, in the aggrega~e sum atore:aid in excess thereof, snall co~tain the usual sfandard mortgagee clause w such othe~ ctavse +s Ihe Mo~tgagee msy requ~re, making Ihe loss unda~ sa~d po des, each and every, payabte ro sa~d AlOR1GAGEE as its interest may appear, and each and every ~uch pol~cy sha11 be promptly ass.gned a~d delivered ti any held by said MORTGAG:E as (uriher seturity to uid mwtgage debt, and, nol leu than len (10) days in ad.•ance ol the expirat~on of each policy, to d~ I,ver to aa~d A10RTGAGEE a renewal thereof, toge~her with a rrte~pt for the premium of such renewa); and there shall be ~o fire o? windstorm insuranc p~nced on any ol said build~ngs, any interest therein or parl thereof, u~lesa in the form and with the loss payable as aforesaid; a~d in the event any sun of money becomes payable unde~ such policy or policies said MORTGAGEE shall have ?he option to rrceive and appty the ume o++ arcount oi the irxlebted ness secured ha~eby or to pe~mit sa'rd M011TGAGORS to reeeive and us! it p any part the:eof for a;ner purposes, ~vrthout th_«o~ ~vaivi:~g c~ ~mpair ~~g any equ~ty, lien w right under w by virtue of this mo:tgage; and in Ihe evcnt sa~d MORiGAGORS shall {w any reason fail to keep the sa~d prem~srs so ~nwred, or fai) to de:iver prwnptly aoy of said policies oF insurance to said MORIGAGEE, oi fail promptly lo pay tully any premium Iherefor or in any respecl fail to pe.form, d~scharge, ezecute, effect, compfete, comply with and abide by this covenant, w any part hrreof, said MOR'iGAGEE may place and pa, fw such inw~.~nce or any pa~t thereol without waiving a affecting any option, fien, equity, or right under or by virtue of thia Mortgage, and the f;.11 amount ol each and evrry such paymrnt shall be immediately due and payabie and shall bear interest irom the date thereof uMil paid at rhe ~ate ol ~~~~~e pe~ centum per annum arxl toge~her with such inte~est shali be srcured by the fien of this mortgage. I. To permit, commit w suffer no waste, impairment or deterioration of said property or any part thereaf. 5. To pay all and sirgular the costs, chargcs and expenses, inctuding a reasonable atrorney i fee and costs of absaacts of ti~le, inc~rred o? pa~d at any time by said MORTGAG'.E, because or in the event of the failure on the part of the said MORTGAGOR to duly, p~amptiy and fuUy perForm, discharqe. _>~:u~e, etfec?, complete, comply w~th and ab:de by each and evay t1k: stipulanons, agreements, condi~ions, and covenan~s of w~d promissory note and this ~:ongage any or e~rher, and said costs, charga and expeoses, cacA and every, shall be immediatety due and payabte; whether a not there be notice dr n,and, atternpt to collect or suit pend~ng; and the full anwunt of each and every such payment shall bear interest irom the date thereof until paid al 1he ~.~~e o~ nine per ccntum per an,w:n; a~~ all said tosts, charges and expenses incurred or paid, together wdh such inler~st, shall be secured by the lien of this m.ortgage. 6. Tha~ (a) in thr event of any breach of this Mortgage or defa~lt on the pari of the MORTGAGOR, or (b) in the event any of sa;d sums of money h~rein referr`d to be not promptly and fully paid within thi~ty (30) days next aiter the same severatty become due and payable, without de~nand w tatice, er {c) in the e.ent each a~d every the stipulaiions, agreemrnts, conditions and covenants o1 sa:d promissory note and th~s mortgage any w either are nat iu?y, promptly and futly perfamed, d~xharged, ezecuted, effected, completed, complied wifh and ab~ded `sy, then in either or any such event the said ag ~~cgate sum mentioned in said promiswry note then remairting unpaid, with interest accrued, and all moneys secured hereby, shall betome due and pay- ah for~hwith, o. thereafter, at Ihe option of said MORTGAGEE, as fully and completely as ii alt of ~he said sums of money were originally stipulated ro be pa:d on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwirhsrandi~; and thereupon or thereafter at the option oi s~~d MORTGAGiE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r,;d matured pna to its institut~on. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w ro foreclose it, w to refam it, or to enfores `ayment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointmenl of a Receive~, such Cour1 shall fc:thwi~h appolnt a rece7ver of said mwtgaged property alI and s~ngular, inciud~ng all and singular ~he income, proi~ts, iuves and revenues from whatever ~~ce dzrived, each and every of wh:ch, it being expressty unders~ood, is he~eby mortgeged as if spec~fica~ly ut forth and destribed in the grantiog and %.+t:end~m clauses hereof, and such Receiver shall have all the broad and effective funct:ons and powers in anywise emrusted by a Court to a Receiver, and ch appoinrmenr shall be made by such Court as an admitted equity and a rt+atter of absolute right to said MORTGAGEE, aod wirhovl ~eference fo the r:: _~qu;cy o? inadequacy of the value of the property mwtgaged or to the so:vency or ~nsolvency of said MORTGAGOR or the defendants, and that such -_~,rs, prof~ts, inco.ne, ~ssves and revenues shalf be applied by such Recei~er accord~ng to tfx lien w equity of sa~d MORTGAGEE and the practice of such CouA. 8. To du'y, prompt!y and fu;ly perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, c~ ;ditions and covenams in sa~d promissory note and this matgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than fhe MORTGAGOR, fhe •.:~RTGAGfE, its successors and assigns, may, wirhout not;ce to the MORTGAOR, deal with such successor or successor in interest with reference to lhia ~ o~~gage ar.d !he debt hereby secured in the same ma~ner as with Mortgagor witAovt in any way vit~ating w d~uharging the ~Aortgagors liability F?ere- ::^der or upon the debt hereby secur¢d. No sale of the premises hereby mortgaged and no forbearance on the pa~t of the MORTGAGEE w its sutcessws cr ass~gns and no extension of the time for the payment of the debt ne~eby secured g~ven by the MORTGAGEE or its successora or assigns, shall operate ro re!ease, d.scharge, modify change or affec! the original IiauJity of the MORTGAGOR herein, either in whofe or in pa~t. l0. It is spec~fically ag.eed that time is of the essence of this contract and fhat no waiver of any ob~igatlon hereunder or of the obligatian se- c,,ed hereby shali at any time thereafter be hefd to be a waiver of the terms hereof a of the instrument secured he~by. 11. In aJd.t[o:~ ro the fwego:~~g monthly payments of princ pal and interest required by the promswry nQ!e securrd hereby, mortgagor covenanis ~ d agr~es to pay ro ~~:ongagee v.ith each mon;hly payrnent an add~~~onal sum est~mated by mortgagee to be equai to 1~' 12 oi the a~nuat cost of the follow- ":i` A-AU real prop~rty taxrs levi~~ or assessed agai~st the above described real estate. 5- Pr~~~r:~u~ns on fire and windstorm insurar.ce as herein requ~red to be carried en the improvemeats sit~ate on the above described premises. C-Prerni~~,:s on s~ch matgage guaranty ir.surar.te as mortgagee shall frcm t~me to ti+ne deem fit to carry on the loan setured hereby. Mortgagee sf+~'i f.om time to rime ~otiiy mortgagor in writ~ng of the amount due and payable he~eundrr and such surn shall thereupon be due and : a,able on the due date of the next month!y payment and each successive munth thereafr_r ur,til mortgagee shall notify mortgagoi of a change in such ~um. Such sums sra:! be app•.ied by mwtgagee toward the payment of real property taxes, insurante prem:ums, a~id morigage guaranfy insurante , ~miums. IN \'1}TNESS WHERcOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first sfwesaid_ Signed, Seat and ' ered in prexnce of: ' , ~ ~ ! _ ~ ~-at-,c.C C l~c--,C ? ~lh~~ 6?= l 1.C -l ( . _ Y Andr~x Demeter Jr. , / ~ (Sea4 Connie L. Scz i Velma De r ~~a~ s-~rE oF Michigan ~ ? ss. ~JU'JTY OF «~~/V ~ _ ~ Before me perwnapy appeared ~Z'eW Demeter, Jr. a~ - V@lIt'13 ~@I~~i@T his wife, to me well known and known to me to be vh_ individuals described in and who executed the fotegoing insMUment, and ackno~yltdged before me that tF~y executed the samC fw the purposes rnerein expressed. Md the said V611~13 D~l~t6r .~fe of ihe sa~d AI1dI~8ii Demeter, Jr. upon a separate, and privat~ e<arn~nat~on by me ta4en separate and apart from her 'said husband, xknowledged to and before rn~ that she executed said instrument ~e~+ty anA•vot~rt- ~an(y and w~thout any compwsion, constraint, apprehension, oIr fe!ar ot or from her~ ,busband. WITMESS my harrd and offic~al seal thiz ~3~-~C.~ dny of_ ~/t ~p, ~q~ < 1 ~ ~ _ 3~~.~~~ 1 Not Public in and for the State of E~O~'~f r~ ,~/eY' _ , M ommission expires~~ 1y~ ~C~~~ f~ d1 7C~' aef~.~ ro: ~ vaughn ~sont ~ ~ ~ First federal Savings a Loan Auociation Of Fort P~erce. Fott Pirr~o_, Floridd ' . . ` 1 ' . FILEO AHD HEC~ROEO ST.tUC1E COUNTY FLA~ ~4 ROGc~ P~~TRAS This Insirument Prepared By J. H. RAbeTts~ Jr. ~~ERK C~icCUiT COUR First Federal Savings & Loan Association RECORO v~P~F`Ed of Fort Pierce ~ Flol'ida , p 2 281 H~~Z Checked By ~ ~v ` 36 18 3 , soox2~5 ~~~852 - ~s - . ~ _.~z.__ _ - - - - .