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HomeMy WebLinkAbout1931 J. To p:.ue _v~d continuously keep on the bui'J~~gs now o~ hereafter s~tuate an s3~d land and on a!I eq~ip:neM and pe~sonally cove~ed by this mor ege, w:th atl pr..•n~~~n,s th~•reon pa d in fu~l, fire inwran:e in th_ ~su~l star.d.~:d pot~cy foim, in a sum aHproved by ihe MOR~uaGEE, and windito ~nwrance in th•~ u:wl sr~ndard pot,cy form, in a s~m appw~ed Ly the MORTGAGEE, in such company ot tompan~es as the MORTGAGEE m d~rec~; and atl fi~e and w:ndstorm inw~ance po~~c~es on any o( sa~d bu~~d,ngs, any inte~est thE~ein or part thereof, in the aggrega~e swn aforesa~d in excess th~~reof, ahaH centain the usu~l sta~idxd mo:~9.+gee dause or wch o~her dause a3 the hlo~tgagee may req~:ro, makmg the ioss unde~ sa~d po c~es, each and rve~y, pa;.~b'e to said h10RTGAGEE as ~ts in~errst may appear, and each and every wth oo:~cy sha~l be promptly ass gned and de~~vered ti any h~•IJ by sa~d f..ORIv.4GEE as fu~ther s~c~rity to said mongage dabt, and, no? less Ihan ten (101 days in adva~:ce ot Ihe ezpirat~on oi eath polity, to d~ ~..er ro s.,~d :S10RiGAGfE a re~lawal the~eof, togethar with a rece~pt for tAe premium of wch renewa~; and ~he~e shafl be no i~re or w~~~dsfo~m inw~ane p~ ~ced on any of sa:J ou~'d~~~gs, any inte~est there~n or part thereof, un'rss in the form and w~th ~he loss payabte as a4oresaid; and in the event any sun ef money becornes pay~~!e undrr s~ch FoGcy or pol+cies said MORIGAGEE shall have ihe opt,on to rew~ve ~~~u app!y the same on acco~m o1 the indebted •ss secu~rd her~by or to per~Tiit s3~d 1'AORTGAGORS to reteive and use it ot any pa~t ~h•~:~~uf ior o:i:• i pun cn~•s, .•.~~~~o~t th_•. c~r ~va~~~•~~ o~ ~"~p~~~ n~ any equ:ty, fen or r~ght under or by virtue of this mo~'gage; and in the event sa~d MOR(GAGORS shatl for any reason fail to kcep the said premisrs so ~~s~•~d, or fai! 1o dcl~vcr promptly any of said pofties oi insurante to sa~d MORTGAI,EE, ot f~~l p:omptly to pay iulty any prenuum thereior or in any ~c~sp~•ct ia~l t0 pe~Eo~m, d.sch::rge, execute, effeu, canNlzto, co•nply wi~h and abide by th~s covenxlt, or any par~ harcof, sa~d MGRiGAGEE may piace and p:; for such ir.sur.,r,ce or any part thareof without waiving or af(ecling any option, ~ien, equ;ty, or n~ht under or by virtue of this tilertgage, and tht !,.li a:~,ount of each and e.eiy such payman? shall 6e ~mm.:diately d~e and payable and shall bear intcr~st from tha date thereof uniil po~d at the rate o1 r•.r:e prr C~nti.:n pit an~w~n aniJ Io,jeth.cr with SuCh int~cost Shai~ be secured by the lien of If1iS mortgtge. d. To permit, ccmmit or iufier no waste, impairment or deterioration of said p~operty or any ~art thereof. 5. To pay all and singular the costs, charges and expenses, enduding a reasonable atrorney's fee and cosrs of abstracts o~ title, incurred o~ pa~d at ~•~y H~ce by sa~d AtORTGAG~E, because or in the evenf of the fa~lure on the part of ~he said h10RTGAGOR to duty, pra»ptly and futiy periorm, d~scharge. ..-,use, etSeu, co~npiefe, co:r:ply w~th and ab.de by each and every the st~pulat~ons, agream~ms, condifions, and covenants of said pranissory note and this _ x:yage any or e~fher, and sa:d costs, charges ar.d expenses, each and every, shall be immrd~atety due and payable; whether or not there be not~ce dr ~,•,d, attr:npt to coliecr or s~it pend:ng; and the tult amount of each and every such paymem shall bea. inrerest from the date thereof until paid at the n~ne cer lc'RIU'11 F•~r dn~iun; enc! all said ccsts, charges and txpenses irxur:ed or paid, togethet ~vdh suth interest, Shal) be secured by the lien ol th~~ ,-:ortgage. 6. That (a) in the event of a~y 6rrach of this Mortgage or default on tM part of the MORTGAGOP., or ~b) in the event any oi sa:d sums of money h~~rain refeir~d to be not pren~Nt~y and fuily paid within th~rty (301 days next atP:r the same severa':y become due and payabie, without d~mand or notice, ..c} in ihr even: each and every ~he s~~pu:atlons, agreeme~~s, condrtlons and covenann of sad prom;sso~y no2e and fh~s mortgage any w either are no1 p~o:~~ptiy anJ iutly pe~tonned, ds:harg•_d, ezec~ted, eftected, completed, compl~ed w~th and ab~dxl yy, then in e~ther or any such event Ihe sa~d ag ;~,-~3tr sum ment~on.d in said promissory oote then remaining unpaid, with ineere,t amued, and acl moneys setured hereby, shall become due and pay- „ forthwnh, or th=rea4~cr, at fhe opt~o~ of sa~d MORiGAGEE, as fuily and tompleteiy as if all of thr said s~ms of money were onginal~y st~pulated `I~ h•~ pa d en such d.:y, anyfhmg in sa d p~om~swry note or in ~h~s J6lortgage to the coNrary not,Nithsland~ng; and thereupon or thereaiter at the opt~on of s,i t; ORTGAGEE, w~nc~ut no~ice or demand, suit at law or in equlty, therefore or thzreaf~er begun. may be prosecuted as if all moneys setured hereby r., d r,+at~red pr~G: to As ~nslituLOn. 7. That in the event fhat at ihe beginning of w at any t~me pending any su~t upon this t~ortgage, w to foreclose it, or to reform it, or ta enforce .~:~~ent of any c:oims h~.eundar, said 1ApRTGAGEE shalt apply to the Court having ~u~~sd!~ron thereof fo~ the appo+nbnent of a Rece~ver, suth Co~rt shall ri,.v ith a;:}~o~nt a rece~+er of said mortgaged p~operty all and singular, includ~ng ali and s~r~g~tar the ir.come, proi~ts, issues and revenues fiom whatever ~:•~c d::r~~ed, each and everv of H,h:ch, it be~ng exprassly ~ndersiood, is her=by morrgaged as if specdicalty set forih and dexribed in the granting and ~•n;i~-,i c:avsrs hereof, acd such Receiver shail have atl the br.xd and effectne funct.ons a~d powers in anyw~se emrusted by a Court to a Receiver, and ~ acpo:n:n-•~~nr shai~ be made by svch Court as an admitted equity and a matter of abso:ute ngfit to said MORTGAGEE, and w~thout reference ro Ihe _a~.,y o~ i~:adrq~a~y of thr va~ue of the p~operty mort9aged or to the so:vency or i~so!v,:ncy of said MORiGAGOR or the defendanis, and that suth >s, Frof~rs, inc~~,ne, issu_s and revenues shail be appGed by such Receive~ accord~ng to the lien or eq~ity of said MORTGAGEE and the practice of such ~a~rL S. To du!y, p~.,mF~t'y and fv!~y perform, d~scharge, execute, ef4ect, complete, comply w~~h and abide by each and every the stipulations, agreements, d~tions ar:d covenanfs in sa~d promissory note and this mortgage set forth. 9. Th:;s in ~he event rhe ownerchip of the mortgaged prenuses, or any part thereof. becorres vested in a person other fhan the MORIGAGOR, the :"~RTGAGEf, ~rs wcccsso.s ard assigns, may, wirhout noTice to the htiORTGAOR, deat w~th such succeuor or s~ccessor in interest with reierence to this ~gd3e a:•o ~ne d~_u~ h_.~by sec~red in the same manner as w~th Mortgagor without in any way vit;ating or ducharg~ng the Mortgagori liability here- .,ie~ o. ~pon ~he d_~6r hereb~ sewred. No sale of the premises h~~reby mo~tgaged ar.d no forbearance on the part of the MORiGAGEE or its successors ass~n~~s ar.d no exrension of ~he t~me tor the payme~~t of the debr hereby szcu,ed g~ven by the MORTGAGEE or its successors or ass:gns, aiiall operate re e~se, dschargr, mod~fy changr or af:ect the orig~nal liao~lity of the N.ORTGAGOR here~n, either in whole or in part. 10. It is spc~c•f~cai~y agreed that time is of the easence of this convact and that no waiver of any obl~gation hereunder or of the obligation se- __-~d hereby sha:i ar an~ ti~,e thareafter be h,c:d to be a waiver of the terms hercof or of the instrument secured hcrby. 1 1. (n ,i:i t.:'o the forego month!y paym~nts o6 prir.c pal and interest req~~red by the prom:sscry no!e s~cured hereby, mortgagar covenaNs . s,g~_es ~v ;.ay ro r.o-~g~yee ~~!h each monrh~y pay~.~ent an add~rional sum esr~~.a~ed by mortgagee to be equal to 1, 12 of the annual cost of the follow- A--•.'i r: a; ,_rop^:ty fax:s levi;;d or assessed agai~,st thc above describcJ r_a~ estate. E:.. ;--s o~ !~n• and w~r.dsfo:~r. inwrarce as herein requ;red to be cacr~ed c~. the :m;;r~veme~ts sltuate on the above dascribed premises_ C-Pr_ s e~~ svch mo:tg;ge guaranty ir.sura~,ce as mo*tgagee shail from t:me to time deem fit to carry on the loan secured hereby. ~ t.to~rg.;qee s~.., !~cro s~me to t~~~~e notify mortgagor fn wrinng of the amou~t due and payable hereundrr and such sum shait thereupon be due and ~ o., ~i rha nc¦t month:~ payment and each success~ve mo-~~h thereafter ur.Nl mertgagee shall not[fy mortgagor of a change in wch ~ ,;,r_ Sucl~ ~...r~s s1 ~.i aNF•Sc-d by mortgagee tov~ard the paymeni of rea! property taxes, insurante prem;~ms, and ~nortyage guaranty insurance • ;~ms. iN ~'~iTr~ESS :'.N~REOF. the sa~d MORTGAGOR has hereunto set his hard and seat the day and year +first aforesaid. Sign ea~ed and delivered in the p•ese e of: ~ I~'J~n / l~~f~ f ~~J J - ' I. • Loren A Woo s ~aq cs~ao bel E Woods ~~ap ="-+TE OF fLORIDA ~ St. Lucie ..~'JTY OF ~ ~ B~fore me personally appeared Loren A. WOOC~S and Mabel E• WOOC~S his wife, to me well known and known to me to be ~nci~v~dua:s desu~i:ed in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same for the purposes ,-_•ein expressed. Artd the s~~a__.?"iabel E' • WOO(~5 of the sa~d LOY@II A• WOOCIS , upon a separete and private nar,on by me takr~ separate and apart from her sa~d husband, acknowledged to and before rt~ that she executed said instrumero freely and volun- f and ,r..vhout any compu~s~on, constra~nt, apprehenron~r-fear of or from her said husband. WITNE55 my hand and offit~al sea! this_-_ -X~ day of Au 11St A. D. 19~_ ~ ~ ~ Notary P ~c in snd for the_ ~ite of Florida at large ~ My Co ~ssion expires: ~CCf G~ ~ 9> > ~ Retum To: i~rst Federal S>vings 6 Loan Associat:on o~ ~„•t P._~~.~. fILEO AND RECORDED ~`,t P::~~ ST.IUCIE CQUMTY FU. ~ ' ROGEa ~~~7RAS ~ CIERI! C~:~~~~3~T COURT ~ ~ REC4R? ~E~ ~f ?ED ~ ~ Richard K. Ka es A Tnis Instrument Prepared By : Y a~ Zy 9 19 ~+M First Federal Sav~ngs & Laan Association of Fort Pierce ~ FloYida 33450 a ~n~ckE'.~ By ~ - ~ ~136382 800K~V~ PAG~~~J~ ~lh ~y4 ~ . ~ ~ y.~..~~s..~..,~~.s " " 'aC~~"i'~ _ .