HomeMy WebLinkAbout1927 To ~~acc and cont~nuously keep on tiie b~~'dmgs now or hereaiter ~~tuate on se~d land and on a!I equ~p~nent and peisonally covered by this mor
a~e, ~v!th all pren::,,:ns ~h~•reon F.a:J in full, I~re i~isura~ua in ihe uswl sra~~dard po'~cy form, in a s~m aHproved by tha MOR~GaGEE, a~~d winds~o
;r~surance in ~hc us~~al s~and~rd po~.cy 1orm, in a sum approvrd Ly thr h1pRTGAGEE, in such company or to+»pa~ues as Ihe htOR1GAGEE m
d.rec~; and aU Gra a~,d w,nustorm insvance Fa~~t~es on any of sa~d buitd~ngs, any in~aes~ therzin or pa~t thereof, in the agg~ega~e sum aforesaid
excess th~•rcof, ihall :ontoin the usu.:l standard mJrtq~gze dause o~ such other dause as the Mortgaqee may requ.re, maMing the ioas undrr s3:d po
::os. rach and ev..~ry, pa; ~~'e ro sa~d AtJRiGAGEE as ~N iroer~~st may appear, and each and every s~ch po~~cy shall be promp~~y ass qned and dc~i~ared ~
any heid by sa d%~10R:G.AGif as f~r~her s_~curity to sa~d ~.~ortgage debt, and, not less than ten (l0i days in adv.~nce of the expiration o~ each pol~cy, fo d~
1,~er ro se~d t.10RfG~Gif a rc~~ev:~i tt,ereof, toge~her with a rece~pt (or the premium of such ~ene~al; a~~d the~e sha:I be no f~re o~ ~~indsto~m i~suranc
p!aced on any oi so d b~i'd,•~gs, any ~nterest there~n or part thcrcof, un!ess in the form and wifh ~he ~oss payabte as aforesaid; and in the eve~1 any su~
01 n,oney beco•~~es pay~bie u~~Jer such poGcy or peGues said MORTGAGEE shall have ihe op~~on ro rece~ve ~nd app!y ehe same on aaoun~ of ~he indabtrd
n~•ss secured hc',:by or fo p;ruit Sd~d MORTGAGORS 10 reCeive dnd uSC it W any part th~•:COf f~r 0:~~•.~t {:u~~.~oSrS, v.~~1io..'T fh:~.u/ ~v.:r.~~~3 C~ r~~p~~r-
~ny a~~y eq~:ty, 6en or r~ght und~•r or by virwe of Ihis mo:'gage; and in the event said M0~2TGAGORS sha!I ior any reuon fail to keep the said premisrs so
~~sur.:d, or f.ul to d::'.~cr promptly any of said {wl~t~es of insurante to sa~d MORIGAGEE, or fai: prornptly to pay fully any premi~rn therefor or in a~y
r~~spect fail ro perfonn, d:schsrye, execute. effect, co~npleer, co:nply with and abide by this covz~u:at, or a~y pact hareof, said MGRT:,AGEE may p~ace a~d
p~, fer wch insur,~nce or a.~y part thareof w~tho~t ~vaiving or affecting any option, tien, equ~ty, or right undrr w by virtue of th~s Mortgage, and thc
i,:;i amcum oi cach and e.ery such paymeN shall be immediately due and payable and shall brar iroerest from tha date tAcrcof u~~~it p~id at the rate ot
.e prr centun, Fe~ 3f:1u:~1 .,neJ ro~_•ih~r w~th wch int~~r~st sh~i~ be srwred Uy ~he lien of this mortgage.
d. To permit, con,m~t or su4fer no waste, impairment or deterioration of said property a any part thereof.
S. To p~y a!I and s~ng~tar the costs, charges and expenses, inciuding a reasonabie atrorney's fee and costs of abstrads of title, incurred or paid at
~~+r tin,c by s:.~d MORiGAGEE, becauze or in the event of ihe faiiure on the pa~t of the said MORTGAGOR to duty, promptly and futly perform, d~scharge.
~.ura, rlfect, co.np;~rz, co•npty w~th and ab:de by each and evzry the stipulat~ons, agreem~nts, conditions, and covenants of sa~d prom~ssory note and this
~,orrgage any or e~rher, and sj d costs, charge~ and expenses, each and eve~y, shall be immediately due and payab:e; whether or not there be not~ce dr
:•~d, atte:~~pt to cot:ect or :uit pend.ng; and rhe full amount of each and every svch payment shalf bea~ interest from the date thereoi until paid at Ihe
~~r,e c~~i ~_~run ;~•r a~~:wn; and ali s~id cosrs, cnar~~s and expenses irxurred or paid, toga~her~w.th such interest, shall be secured by the lien of thi~
n:ortgage.
6_ That (a! in the event of any breach of this Mortgage or default o~ the part of the h10RTGAGOR, or ~b) in the event any of sa:d sums of money
!••ein refa~r~d to be rot pron,p!~y and fully pa~d within th~rty (30) days neat aiter the same severa'ty hecome due and payab!e, without demand or notice,
~c} in tha erem rach and every the sti~ulations, agreemenu, cond~tions and covenants of sa.d promisso~y note and th~s morlgage any or either are no1
i~,:ti•, pron:priy an~ iu!iy prrfo~~ned, d scharged, executed, efteued, compieted, complied w~th and ab~ded 5y, the~ in e+ther or any such evem the sa~d ag
,~g~!e svm ~cenr,oneo (n sa+d promissory note fhen remaining unpaid, with imere,t accrued, and a~l moneys secured hereby, shall become due and pay
fcrtn.~ith, or nc~~raatfe~, at fhe opt~on of said MORTGAGEE, as fufly a~x! comple:ely as i! ali of the said w~~s of money were or~gi~~atly snp~lated
ca.d on c„ch d.:y, any!hiny in sa.d pro~n~ssory note or in this Mortgage to the comrary notwirhsianding; and thereupon or thereaiter a~ the oprio~ of
:",ORTG~GEE, v.rthovt noncr or demand, suit at !aw or in equity, therefore or therea{ter begun, may be prosecuted as if all moneys secured hereby
.i rna!u~eci pr,pr to ~ts inihtution. ~
7. That in the event that at the 6eginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or to refwm it, w to enforte
,.~nenr of any u.~~:ns hereun~~r. sa~d flORiGAGEE shatl apply to the Cou~t having ~unsd;ct:on thcreot for the appoiMment of • Receiver, such Court shall
• •~:,1leh a;:p;:mt a re:e•.er of sa~d mortgaged property alI and s~ngular, indud:ng all and singutm the income, p~ohts, issues and revenues lrom whatever
~ce cer~ved. each and every of wh.ch, it bemg expressty understoad, is h.ereby mor~gaged as ii spec~ficatly set forth and described in the g~anting and
~ endum c:a,,ses h•~r~of, and such Recei~er shall have all the broad and effecr~ve funct,ons and powers in anywise entrusted by a Cou~t ro a Receiver, and
> h.~r~~c~~~tn,~•:~t sh3~~ be ~nade by s~ch Court as an ad~nined eq~ity and a matte~ of abso+utr rigM ro sa:d MORTGAGEE, and without reierence to the
:_;;~~cy or ;n3deq~acy of the value of the property mortgaged or to ihe so:vency or inso:vency o( sa~d MORTGAGOR or the defendants, and that such
•s, Nroflts, incar.e, ~ssues and revenues shall be app~~ed by suth Recciver accoro~ng to the Iien or equity of said MORTGAGEE and the practite of such
~.JUft.
8. 7o dv:y, pron•pr'y and f~l!y perform, discha~ge, execute, effect, compiete, comply wi!h and abide by each and every the stipu(ations, agreements,
: d;nons and covenanrs ~n sa~d promissory oote and th~s mortgage set forth.
9. Thar in thc eve~t ~he ownershlp of the mortgaged premises, or any part thereof, becomes vested in a perso~ other lhan the MORTGAGOR, the
:^R?GAG:E, ~•s s~c_essors ar.d ass~gns, may, wi~hour no~ice to the hSORTGAOR, deal with wch successo~ or successor in interest with reference to this
;-+gs)e ard 'he d-bt h<r~by sec~red in the same manner as with Klortgagor without in any way vitiating or discharging the lAortgagori liabilify here-
~r or u~ on fh~~ d~,~t hereuy secu~ed. No sa?e of the F:emises hereby mortgaged and no ;orbearance on the part of the 1AORTGAGEE o~ its successon
.ss.::ns ard no exrers:on of rhe t<<:,e ior tne payment of the debf hereby secwed given by the MORTGAGEE or its successws or assigns, a~~all operate
~ re~e~se, d.xha:ge, modify change or affect the orig:nal liau~~~ty of the MORTGAGOR herein, either in whote or in part.
10. It ~s srec:f~ca~.y agr~ed that time is of the essence of this contract and that no waiver of any ob~~gatlon hereunder or of the obligatan se-
~_d herrby sha': at ar,y ti^~e therrafter be held to be a waiver of the terms hereof w of the instroment secwed herby.
l L tn !o the forege ~nonth!y payments of princ pal and interesr ~eq~ired by the prom'ssory no'e secured hereb~, mortgagar eovenants
• i,,3r~,a; ;e TG ^1G~13j~ee a~rh each mon*h`y par~.~e~~t an ad3,~ional sum es~~~~.a~ed br mortgagee to be equal ~0 1, 12 of the annual cost of the fol{ow-
A--~it r~ai pro~•rt~ tax_s levied or assessed against thc above desc•ib=d real estate.
E F'r : s o:~ t,re and v:m~stocm insura~ce as here~n requ:red to be carr~ed on the :mproveme~ts s~tuate on the above d~scribed premises.
C-P.~ •;,:~-s o e su;h mortg :ge g~aranty icsura~,ce as morrgagee shail from t.me ro time deem fit to carry on ihe Ioan secured hereby.
~ ~.',o~tg,,a~z~ r:,'t ~•cm t~~ne to time ~~ct~fy mortyagor m writ~ng of the amou~t dve and payable hereundrr and such surn shall thereupon be due and
s o~~ s,: u.:_ c.. o? ~he ~~ext nio~Th:~ payment and each svccessive monfh thereait~r ur,tii mortgagee shall not~fy mortgagor of a change in such
t Su_!~ s~:ns si e i~~e app!ied by mortgag•_e toward the payment of real pr~oerty taxes, inwrance prem:ums, a~~d mortgage guaraNy insurance
~ . • "•iUR~S.
1 IY 1V17P~ES5 '~:!iEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ 59ned, Sea:ea ' c!i•:e. d in the pres^ace of: r ~C'~
~ _ t (Seal)
~ - - R ~ (Seel)
~~'~i~,-4_/ ZSeal)
Dea Rae ol in ~~aq
~~1E OF fIORIDA ~
SS.
- ~~~~Tr oF ------~~-L.u~ie 1
Before me persona~ly appeared Robert J BOl lfl and
D6a Rae BOI1D his w~fe, to me well k~own and known to me to be
ind~Jidua~s descr~oed in and who executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes
•e~n expressed. A~d the said__ ~a Ra~ Bol in
~ ~ of The sa d_ RO~Y_t J. BOllri upon a separate and private ~
~~•~a+,on by me ta4en separate and apart from her said husband, acknowledged fo and before me tbat she execured said inatrument freely and volun-
a~~d wnhcvt any corn~u~sion, constraint, apprehens:an, p~fear of or from her said husband. `
G.c t
VYITUESS my hand a~~d offiual seal th~s__ n1S day of Au u5t - A. D. 19~
~ Notary P in and for the te of F{orida at Large t
My C ~ssion expires: ~~l.t.~, G/9 7.Sf i
ReTUrn To:
~ ~
~ t:rst Federat $avings b loan Asscuat;on NOTl~RY PUBLIC $TATF ^°'h4 AT ~ARQE
o+ ~,,.r ~ • ^••~••tISS10N EXPIF'"`' 6. 1975
~ F~„ P,,...~ f,_~;~, - ~i~t~ERAL INSURANCE UND~riwRITERS. IPI~ '
fl~E~ AN~ kECOROED
~ , .
~ , ST. WCIE COUNTY FtA.
Th~s Instrument Prepared By RichaZd K. ICayes ' RGvEj~ "~1~rR~5 ~
CL[RK C•:c;;Jli COURT
First Federal Savings & Loan Association • RF~GaI''~Q'~ifD
of Fort Pierce , F lor i da
Checked BY ["d~ - . ~ ~7 19 A~ ~ 1 ~
~ o R 23fi380
eooK2U5 PacE192'7
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