HomeMy WebLinkAbout1919 J. To p~ice a:~d contin~ously kaep on ihe bu~'Jh~9s now or he~aafte~ ~~t~ate on sa~d ~and and on aC eq.r~pment and personally covered by this mor
age, wEth all premiwr~s thr~eon pa:d in fu;l, f~re insurance ~n th~• us~ai stai~~~rd po:~cy form, in a sum aHproved by iha MOR~G:.GfE, ai:d w~~~dsto
~~~surance in ~ha us~al sr~nda~d pot.cy im~n, in a swn ap~~ro+~rd by tha M:IRTGAGEE, in such co~npa~~y or tompa~ies os ~he A10RTGAGEE m
dueu; and aU fire and w~ndsiorm ir.su~ance potk~es on any of sa~d bu~~d,ngs, any inierest ~he~ein or part th~ieof, in the aggrcg~~e sw~ aforesa~d
in eacess ~hereo(, ahall :ont~in iha uw~l star.daid mortgagae c~ause or w:h o~he~ clause as the Monyagae may ~rq~,re, maling thr ioss u~~Je~ s~~d po
ties, eath and every, pay:.b!e to sa~d S10R(GAGEE as us int~r•st may appear, and each and eve~y wth po.~cy sholl be promptly ass g~~rd and de~iv~•red '
any hcld by sa~d b!i7RIGAGEE as (u~ih~•r secwefy ro sa~d n~or~gage d_~bt, and, not less than trn (10) days in aJ:a~~ce ol thc exNirot~on o1 each pol~cy, to d~
Gver to said MORTGAGEE a renewal thereoF, together w~~h a rece~pt for the p~ermum of wch rene~sl; and ~hr~e shail br no fue o~ winds~o•m insuranc
placed on any of sa~d build~ngs, any intcrest there~n o~ pa~t ~hereof, un'rss in the form and with ~he loss payable ~s afo.esaid; and in the event any s~n
of money becomes payable under such pol~cy or pol~cies said MORiGAGEE sh.3il have ~he opr,on to ~ec_~vr .,~~d ap~,:y th~ sa~ne on account of the i~~Jabt~d
nens sac~red hareby or to permit said MURTGAGOR$ to recr~ve and use it or any pa~t th_~:•~of to~ o:~~•:r ~,~r: cs<>, ::t il~.~•~:~: ~,~-....'J ''"P~"
ing any equ~ty, lien or rfghl under or by virtue of Ihis mc"gagc; and in Ihe even~ sa d MORTGAGORS sh~ll `.or any rcason fail to kacp the said premisa3 so
i~wred, or fail to dr~~ver promptly any of said poGcies of inswance to sa:d MORTGAGEE, or fai! p:omptly to pay 1u,ty any pr~~~u,;m ~hcr~lor or in anY
:espea fait to perform, d~acharge, execute, efiect. comptere, cornply wi~h and ab~de by th~s cove~~an~, or a~iy pa~t h_reof, sa~d MuR7GAGEE may piace a~o
pay (w such insur.~nce o? any part thcreoi w~thout waiving or affecting any oprion, lien, eqwty, or n~ht unJe~ or b~ rrtue of ~his Mortgagr, ar,d thc
fvll amount oi each and every s~ch payment shall be immediately due and payabte and shall bea~ interrst from the date the~~~F un~il p.,~d at the rate o1
nme per crnt~m pe~ annvm and to~~•~her v.ith wch in~e~csr shaii be srcured by the lien oF th~s mortgage. '
4. To permit, commit or sufter no waste, impairment or deteriorat~on of said prope~ty or any part ihereof.
5. To pay a!1 and s~ngvlar the costs, charges and eapenses, including a reasonable attorney's fee and costs of abstracts o( title, incur.ed or pa~d at
any tin e by so~d MORTGAG:E, beca~se or in the evem of the fa:lure on ~he part of ~he said A10RiGAGOR to d~ly, pro~npily and fuily perform, d~scharge.
>tiec~te, effect, cwnple~e, compty w~th and ab:de by each and every the stipu~af~ons, agreements, condinons, and covenanrs of sa~d pro~n~>sory note and this
mortgage any oi eirher, a~~d sa:d cosn, charges and e:penses, each and every, shatl be immrd~ately due and payable; whe~her or not thare be not~ce da
mand, anempt to collect or suit pend~ng; ond the full amount of each and rvery such pa;meM shati bear inr~rest from ~he date thereot until paid a~ the
r.~+r u! nine per c~•ntum ~:er on,w:n; „n~ aIi seld costs,~char3es a~~d ~x;,ens~s incurred or paid, logelher w~th such interest, shall be setwed by the lien of this
mortgage.
6. Tha1 (a? in the event of any breach o~ this Mortgage or defauEt cn the part of the MORTGAGOR, or (b) in the event any oi sa'd svms of money
herein refe~red to b~ no~ promprly aod fully paid wiih~n th~rty (30) days next aierr the sa«~e severa'iy becom~ due and payable, withow demand or notice,
or (t) in thr evem each and every the stipu;ations, a9reements, ccnd~tions and corenanls of sa.d promissory no:e and th~s mortgage any or e~ther are not
iuly, promprly and fuf~y performed, d.scharged, eaecvted, effected, cwnpleted, compi~ed with and ab~drd ~iy, then i~ e~ther w any such event the sa~d ag-
~regate sum mentioned in said promissory ncte then remaining unpaid, with interes! accrued, and ~~I mon~ys secured hereby, shall bec~me due arxl pay
ao~e fwthwith, or th>reaf~er, at the op'~on oi s~~d h10RTGAGEE, as }ulty ard comple~ely as if a~! of ~he sa~d wms of money were or~g~na:ly snpulatrd
to t~e pald on suth d~y, anything in sa.d pro:n~ssory ncte Or in ihis hbrigage to the contrary notr.ethstand~ng; and thcreupon or thereaffe~ at Ih> option o(
s~.d MORTGAGEE, w~~hovt nonca or demar.d, suit at law or in equdy, therefore or thereaiter begun, may be prosecuted as if afl moneys secured hereby
nt:d mat~red pnw to ds instituhon. _
7. il~at in thr event that at the beginn~ng of or at any time pending any su~t upon this Mortgage, w to foreclox it, o~ to reform it, o? to enforce
payment of any dai~ns hereur.der, said h10RTGi,GfE sha'l apply ro the Court having ~ur~sd.ction thereof for the appo~ntment of a Rece~ver; such Court shail
iorthw~rh appo,nt a recei.•er of said mo+tgaged ptoperty ail and sirtgular, includ.ng ail and singular rFie inconie, profits, issues and revenues from whatever
so~rce da!ived. each ar.d every of wh~ch, it b~ ~ng expressty unders~ood, :s F.e~eby morrgaged as iS spe~~ficai:y set fonh and described in the g~antl:ig and
h~oendurn cia~ses hereof, and wch Recei.er shall have all the broad and effect~ve funce,c~s and powers in'anywise entrusted by a Court ro a Receiver, and
s_ch appointment sh311 be made by sucA Cou~t as an admitted equity and a matter of absoi~te r~ght to sa;d h10RTGAGEE, and without reference to the
a~ieyvacy or inadequacy of the value of the property mongaged or to the so.vency or ~nsoivency of said A10RiGAGOR o~ the defendanis, and that Such
c~~rs, prolits, incane, issues and reve~u.es shail te applied by such Receiver accord~ng to the lien or equity of sa~d MORiGAGEE and the practice of such
Court.
8. To du!y, prompt:y and ful!y perform, d~scharge, exetute, effect, complete. conzply w~th and abide by each and every the stiputations, agreeme~ts,
condiGons and covenants m sa~d promissory note and this mortgage set forth.
9_ ihat in the event ~he ownership of the mortgaged premises, or any part thereof, 6ecomes vestcd in a person other than the MORTGAGOR, the
.'JRiGAGEE, in soccessors ar.d ass~gns, may, wi~hou+ notice to fhe MORTGAOR, deal wnh such successor or s~ccessor in imerest with referen:e to this
o•~gage ard the debt he~eby secured in the same manner as w~th 1.lortgago~ w:thout in any way vir.ating or d.scharg~ng the Mortgagors' liability here-
u~~de~ or upon the dzbt here'v~ sec~~ed. No sa:e of the Frem~ses hereby mortgaged and no forbearance on the part of the I1~ORTGAGEE or its successors
er ass~gns and r.o exrension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its s~ccessws or ass~gns, a~~all operate
~o re~ease, d~scharge, mod~iy change or affect the ong~nal liab~liry of the MORTGAGOR he~ein, either in whole or in parL
10. It is spculicaily a9reed that time is of the esse~ce of this ccntrad and that no waiver of any obGgat]on hereunder or oi the obligation se-
cured hereby sha~i a~ any time fh~reafter be he:d to be a waiver ot the terms hereof ot of the instrumem secured herby.
I l. ln scid:t:o~ to the fore_3o" ,g ~~~onth'y payments of p: i^c pal and int2rest required by the prom'sicry norr sccured her~~by, n:ortya~or tovenants
3~ d agrees to pay to n:o-tgay_e ~~ith each month'y pa~r.•ent an add.~ional sum est~n•ated by mortgagee to be equat to 1, 12 of the annual cost of ihe foflow-
;,,3:
A-All reat propcrty taR ~s levi~,a. or assess~~:i ay~i•ut thc above described reai estate.
6-Pran,~ums on fue and w~~:Jstorm insura„w as here~n rcqv;red to be carried o~ the im~roveme~ts s;tuate on th~ abovc d=sv~bed premises.
C-Prem~un s on s~ch mortg;ae gvaranty icwra~,ce as mo~tgay^ee shatl from t:me to t~~ne deem !it to carry on the ba~ secured hereby.
Morrgagre s6a l f.c~n fi~ne to t+rne notlfy mortyagor ~n writ~ng of the ar.,ou~t due and payabte hereunder and such sua~ shatl thereupon be due and
' :+Y~blr on fhe dve date of ~he nert month:~ payment and each successive month thereaher uctil mortgagee sha!I not6fy mortgagor of a change in wch
i
~ -:ouN. Sucn surns st a i be ap~~:ied by mortgag~~e toward the payment of real property taxes, insurance prem,ums, and mertgage guaraMy insurance
.:~emiums.
~ IN Y~IT~lESS '.':HER~OF, tne said MORTGAGOR has hereunto set his hand and seal ihe day an year (irst aSore;ai~_
Signed, Sealed and delivered in the presence of: ~r; ~ .r~-
J~~~t 7 :.(MM
(Seal)
~ So husl Petersen 1 ~$eai~
1J~'fl ($eal)
_ _ _ Ell etersen ~~aq
S;ATE OF FIORIDA ~
Luc ie
~JUNTY OF St • ~
Before me personally appeared Sophus Petersen, JT. a~
_ Elly Petersen his wiie, to me well kreown and known ro me to be
'ha indiv;duats described in and who executed the toregoing instrument, and acknow~edged before me that they executed the same fot the purposes
rh.~rein ezpressed. And the said Elly Petersen
.viie of the said $Ophus Petersen, JI. , upon a upsrate and private
e¦am~nat~on by me taicen separate and apart from her said husband, acknowledged to and before me that she exetuted said insirumeot free(y and voluo-
ra+,iy and w~thovt any compulsion, constraint, apprehenslon, or fear of or from her said husband. , ~
WITNESS my hand and offic~al seal this_-~~~ day "A. D. 19 72
~ . .
~ = ~ •
~ Notary Public in and for t Stale o, o~ds at .large, ~
~ My Comm~ssion expires: „ ~ , ~ ~ ~~E
Ret~rn To:
..~f - . )
firs! federal Savings 3 Loan Aisociat:on •
~ .r . . , . _.......:.n.
Of :ort Pc-c~ _ / , _ _
~ ForT Pc~rte, Ftor~cJe , . ,
fIlEO ~?M~~ ~~CGROE~ ~
ST. lUClf ::;.UtiTY FLA. ~ ~ /Z - 7y _ 7s~-
RO;L= - - : ~AS
CLERK ~ :.::;:T COURT`~
~ This Instrument Prepared By~ John W. COllinSqFf; rn
First Federal Savings & Loan Association
of Fort Pierce ~ Florida 33450 ~ 1y 9 19 AM ~7Z .
Checked BY Gz~------- ~i363?yV -
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