HomeMy WebLinkAbout1809 3. To piace and co:~t~nuousty keep on ~he bu~'d~ngs ncw or hereafter ~ituate on sa~d ?a»~ a~d on a!i equipmem and persona~~y covered by th~s ma
age, w~th ali prenu~ms t`~ereon pa:d in fult, fue ins~ranc~ in the ~wal stand~rd po:1~y form, in a svm aFproved by the MOR~G%+GEE, at~d windsto
~nsurance in the usual st~ndard poLcy form, in a w~n a~proved by tne h~OkTGAGEE, in such company or to~npan~es as the A10RTGAGEE m
• d~rect; and a!I (~re ar,d x•[nJstorm insurance po'ic~es on any of said buiid~ngs, any in~errst thareln or pa~~ thereof, in the aggrega~e wm afo~esaid
in excess ih.~reof, slwti :J+1T510 ~hr usual sta^dard mortgagee ciause w svch othar uause as tha 6lortgagee may requ:re, mai.ing t1~ ~oa's undrr sa~d po
c,-es, ea<h and every, payab~e to sa+d A10RTGAGEE as ~ts ~nicrest may appear, and eath and eve~y such po:~cy shatl be promptly ass gned and de~~~ered t
any heid by sa~d \10RiGAG~E as furthar s~curity to sa~d r.:or.gage deut, and, r:o? !aas than trn (2Q) days in advance of the expira~~on of each ~~ol~cy, to d:
I~.er to sa~d R1pR1GAGfE a renewal thereof, togethar with a rece~pt for the prer:uum of such renewa?; a~~d thrre sl~ail be no fire or w~ndsto~m insurenc
p!aced on any of sa~d build~ngs, any imcrest thcre~n or pars thereoF, un!cu in the fonn and w~~h Ihe loss pay~ble as afore~aid; and in the e.em any sun
of money btco:nes payaE~e ~nde~ s~ch p.licy or pollc~es sa:d MORiGAGEE shall hava the op!:on to r.:ca~ve ~nd app!y tne sar~ee on account oi the indeCud
n~•ss sec~rzJ hereby or ro permrt sa;d MORTvAGORS to recrive ar.d use i~ or any ~~art ~F,~~eaf for orn.-r y.ur; ~s_s, v.:~ho.:t th••~.:~ ,v.:~.~.~ c~
~ng any equ~ty, I;en or riyt~t under or by virtue oi this mv:'yaga; and in the eveM sa:d h1:7RTGAGOR~ sh.ill ior any raason fail to k~ep the sald p~em~s~s so
~nsurrd. o~ fail to dr~~ver prompt;y dn~ of soicl poGtits of insurance to sa~d M02TGAG~E, or i~il prompf~y to pay lully dny pre~nium the~cfor or ~n any
~espect fai~ ?o pe~torm, discharye, execute, effrU, tomple~r. comply with and a5:de by th~s covenerd, or any p+rt hareo(, sa~d MGR?:,AG_E may piace e~d
pay (or suc~~ insur.,nce or any part thrreof w~thcwt wairiog or a4fec+ing any u~non, lien, equ~~y: or n~ht under or by vi~tue o! th~s Mortgage, and the
iuil a~r,ount of each and e.r~y such paymeM sha11 be immediafely due and p~yable and sha+i bear i~tterest from th.~ dnte thereof un~il p~~d at the r~te of
~~~~~e per cen~um per ar.n~m ~nd to~ethcr ~nith sucn interea~ shali t,e secured L•y the lien of ihis mo:igage.
4. To permit, com~nit ot sufier no waste, impairment or de~erioration of said properh~ or any part thereof.
5. To pay all and s~ngular the costs, charges and expenses, inctuding a reasonable arforney's fee and costs of abstrac~s of title, incur~ed or paid at
rin:e by sa~d MORIGAG:E, because o~ in the event of the fa~lure on ~ix part of the sa~d MORTGAGOR to duly, prompily and fuliy pe~form, d~scnarge
_siLV~2~ effect, compiere, comply wah and ai~~de by eafi ar.z! every the st~p~,la~.ons, agreements, cond~tions, ar.d covenants of sa~d prom~ssory note and ~h~s
-:orrgage any or e~ther, a:,d sa:d costs, charges and ezpenses, each and every, shail be immedia?ely d~e and payabte; whefher or not there be not~ce d_~
r,~,~d, attempt to co,lect or s.,it pend.ng; and the fut! amouM of each and every suth paymem shail bea~ interest from the date the~eof until.paid at the
u' n~ne p~r cc~~wm F•rr onn~,;:n; ane,` au s.+~~! costs, .narges and expenses iRCUrred or paid, toyeth~r wJh s~ch intecest, shall be setured by Ihe fien of th~s
mortgage.
6. That (a) in the event of any breach of lhis ~t\o: tgage or defau:: on the part of the MORTGnGOR, o~ ;b) in the event any o! satd sums of money
~~c,e~n ref2rr~•d to tr not pron,~,tly a~:d fui(y paid w~th~~ti th~ny i30) d~ys next aib=r the san:e severa::y becon:e due and payable, wifhout demand or notice,
cr •,c) in thr event each ar.d every the snpu:aiions, agrrements, cor.d:!eor.s and w.•enents of sa d promissory note and th~s mortgage any w e~~her are not
~;,iy, pro:nptly an~I {uiiy pf~~Jra~ed, d:scharged, executed, effected, compiete~, complied vvith and a6:dcd 5y, then in either or any such er•enf 1h@ sa:d ag
;•.-:~are wm mentio:,ed in sa~d prom~;sory nete then re=na+ning unpaid_ with ~~tere>t acuued, and a~t moneys secured hereby, shaU Lecon,e due and pay-
ao tcrth.vith, o. ~i~erraft~r, at the e!~!~en ot said hlORTGAGEE, as iuiiy ard co~nptctr:y as ef all of thr s:,:d w:ns of money were or;gina~ly st:puiated
he p~.~i on svch dcy, anYlhing in s~.d pro:n~sso.y ^ofe or in this Ma!~gage !o the comrary nor,xt~hssand~~~g; and thereupon or the~eafte~ at the op~son of
s a ldORiGAGEE, w,~rho~t nance or tie:na::~, s~it at law w in equity, therefere or therraiter begun, may be prosecuted as if all mone/s secured hereby
r. d matored pr~or to ~ts ~nst~tut~on.
7. Thaf in the event that at the b^gi~n~ng oi ~v at any time penti~ng any su~t upon th~s Mo~tgage. or to forectose it, or to reform it, or to enforce
, n.ment of any cl,~i:r.s hereunder, sa~d h,CtTGAGEE shai: app~y to the Court havin~ ryrisd:cnon thereot 1or the anpomtment of a Receiver, such Co~rt shail
~<~nwith appo~nt a~eceiver of said mortgaged property a!I and singu~ar, i~xlvd~:g ~il and s~ngvla~ the ~ncome, p~ol~ts, issues and revenurs fran whatever
s~-c~• derived, each and every of wf~sch, ~r be+ng eapress!y undersro:;d, is hereby mortgaged as if specdficaity set forrh and described in the gfanting and
h,t endum c'auses hereof, and svch Rccei.er shau have afI ~he broad and effccr:re ivnct:ons ar.d powers in anyw~se entrusted by a Co~rt to a Receiver, a~d
s_h 3a~0il7tT~ett shali b.- rr:ade by such Court as an adrnitted eqvety azd a r.~atter of abso.ute right to safd MORTGAGEE, and wirhout reference ro the
::qoacy o~ inadeqvacy of the va!~e of the property mor~gaged or to the so~vency or ~n;o~vency of said 11;ORiGAGQR or the defendants, and rhat such
~~s, proi~ts, inco.ne, issues and rtven~es shail be applied by such kec~rver ac_ord~ng to thc Gen or equ~ty of sald MORTGAGEE and the pradice of such
C~ urt.
8. To dv1y, promptly and fully pe~form, d+scharge, execvte, effect, t~rr,,~iere, comply w~th and abide by each and every the stiputations, agreements,
r.ditions and covenants ~rt sa~d promdssory note and th~s mortgage set lorth.
9. TF.at in ~he event the o•+~n•~rshap of tne mortgaged prem~ses. or anv part thereof, b~comes vested in a pe~son other than 1he MORTGAGOR, th~
: ~RTGAGEE, i+s successors and a:signs, may, w~tno~t notice to the MORTGAOR, deal widi such s~ccessor or succes:or in ~~terest with reference to tnis
;:-+gage and the d_b1 hereby secured in the same martner as with :.lortgago~ without in any way viNating or d~schargir.g the IJtortgagors' liability here-
_:_•r or upcn th~ d,bt l~ereby s:c~rtd. he saEe of the prern;ses hereby mortgaged and no for5earance on Ihe part of the f110RTGAGEE o+ its succe-:sors
as;~g~~s ar~d ~;o exrension of rhe t~~ne ior fhe payrnent vf the deb~ h~reby secured given by the hAORTGAGEE or its successors or ass;gns, .~~al1 operate
!c re•ease, dscharge, mod~fy chan3s er affect the oriu~nal liao:iity of the MORTGAGOR here~n, eifhtr in whole or in part.
10. It is spec~jk3iiy aoreed that ri~ne is of the esser~e af th~s contract and that na wa~ver of any obl~gat~on hereunder or of the obligation se-
c.~•ed hereby sha:: ar a~~ time therea+ter ba held to be a weiver oi the terms hereof or of Ihe ir~strumem secured herby.
I 1. .-.dd.t.c:~ to th~ forcyc ~~g rnor.th!y paym~nts cf p~int pa: an~ intetrs! required by the proin sscry no~e se~ured her~•by, moctga^yor tovenants ~
' ~ agrees to ~ay to mo'tyag_e r..th ench :;:;,s+;h'y payr :ent an atic::±ior~al sum es:~mated by mortgagr~ to be eguaV to 1, i2 of t~}e annua! cost of the follow-
i
! A-All real prop•~rry tar.:; le:~~~ or ass_~ss.ci oyai•~st :he ahpve ticscri,~,cd real estare.
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~ B Pr~mi;;•r.s on f~re and v.;ndstr~r. ins;;rarce as hereln re:1~;~r::i to oe ca:ried en th_ ir.~~rovemeots srtuate on ttic above d~=_cr,oed premises.
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~ C-Prr~r.iu:*~s on such n:artg:~ae g~.~fat:t f insurar:ce as mo~tga~er sha~l 'rom t me !o :iene drem f~t to tarry on the loan secured hereby.
E f;~ortg;,qee sha'i bcm r~•:=.e to t,~*.e ^cr~f~ mertgag::r ~n wnt~~sg of :he amo~nt due z~d fayabte herevnd,.~r and wch sv~~ shall thereuFron be due and
~ b!e en +hr d.;r cia•~ of ~hr nexs r.,anih:~ p,ym;;•v and e:ch wr.eu.ve rne~~~h t:.~~reatt:r uc:ii mertqage•- sha!I not:fy mortoagor of a change in su:h
~ ~nt Svch su:-~s zh~.t ';e app.:~;,+ by mor!raa:c tov:ard the payneer.! ~f re~I Frop~rry :ax~s, ~nwra~xe prem,ums, and mottgage g~aranty insurance
~ . ...,,~~ms.
~ IN lirITNESS ':dHEREOF, tF~e said ..G?k1GAriOR has h>reunre set h~s ha~~~ a:.d se..! the day an year first aioresaidl
S~gned, Sealed ar.d delivered in the ~eser.ce of: 7 /
~ - ' - Seal)
~ ~ ~ ~ c ner t~si~
(Seaq
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" _ _ ' ~ ee H. Danner ~~ai~
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FLORIDA
St . Luc ie -
_ ~U.'.tTY OF - - - ~ ' - -
Before me personally appearc~ Jaek Danner _ a„~
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Lee 2-{. Danner h;s wife, to me wetl known end known to ms fo be
, ind~viduals desu~bed in and wh~ executed the foregoing :nstrumem, and acknow:edged before me that fhey execute~~i~p;~pme for the purposes
. ~
~ r~:•~~ein expressed. And the sald__ Qe H~_Danner _
~T~-- =s~~ ~ T'~-
_ f ,r,e :a~d _J _ck Danner
o a - - --,aT'upon 8•slperaf~ an~,i.private
•~oro;nat~on by me taRrn separate and ap~rt from h~r said h~sba~d, scknowledged !o and before me that sha executed.said instr~me~qeiy-an7! voluo-
~:y a~~d v.;thc~t any compv~sion, constra~nt, apprehe s: n, or frar cf w from her sa'vc hLSband. • • - -
ri p``r Se tember = ~ ~ ~2
~ WITNESS my hand ard off~c~a1 seal th:: day of~_~__~ J . D.~ 19
~_l~. ~ i - _
° _yl~~ r ~1 ~ . =
+ • ' ~ • -
. Notary Public in and ior th~ te`bf F~t a~ ye
; Aty Comm~ssion expires: ~ ~ ,
~ . • . .
Ret~rn io: NOTARI~F'U4lIC^S~ATE ot FLORIDA 2t IARGE
~;=se Federal Savi.~gs 8 toan F.sscciat:or~ MY COHMISSIQN EXPIRES SEPT. 25, 1915
~ ~f Bonded By American Bankers Inwrance ~:o.
' Fort P~~r:c. Fic~:d,
~
~ f~~o Reca~~
~ This Instrument Prepared By: J. H. Rc~berts~ Jr. ~ ~LtUCIf ~O~MrifLA.
First Federa! Sav~ngs 8~ Lean Association R4CfR ~OtTR,~S
~ CLfR[ Ct ~CU1T COUAt ~
of Fort Pierce ~ Florida 3345J RfCOR~ YfptFlfD~..,~„~~
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Cneckea By 2~X7SS ` ~ 11 4~t~ PN ~~Z ~
~
~ +
~ ~~'Ck ~~vV PAt~
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