HomeMy WebLinkAbout1019 J. To place an~ ~pnt;nuo~sly keep on the bui'd~ngs now or hereatter situate on sa~d land and on aII eq:,ipment ar,d personally cover~d by this mo~
ac~e, w~th ali prem~~ma thereon ~:a,d m full, hre insu~ance m ihe us~al standa~d po~~cy lorm, in a sum aHN~oved by the h10R~v:.GEE, a~~d w~ndsto
~nsuranca in the usual St~ndard poLcy lor~n, i~ a sum approved by the MOR7GAGFE, in such co~npany or companies as the MORiGAGEE m
direch a~d all lire ar,~ vvmds~o:m insu:ance pol~c~es on any o( said build~ngs, any imereil the~ein or part tnizeof, in Ihe agflr~g;te s~~n aforesaid
in excess ~hereof, shall cont~in the us~al sla~~dard ~nortgagee ciause or such o~her c(ause as tire Rlurrgagee may requ:ra, rnal~ing tha ~ois undrr sa~d po
c+es, each and eve~y, pa~~b!r to said hlt7RTGAGEE as ~ts interest may appear, and each a~d every such po~~c~ sha~l be promutty assyned and de:i~e~ed i
any held by sa~d A10CIGAGEE as further secwity ~o iaid n:oitgage debt, and, not less than ten (10) days i~~ adlance of the expiranon oi each poticy, ro d~
t~ver to sa~d h10RiGAGEE a renew~t therao(, togerhrr with a rete~pt for ~he premium o1 such ~e~iewat; and there shall be no i~re or w;~~ditam inwranc
p!aced o~ any of sa~d bvi'd~•~gs, any interest there~n or part thereof, un}ess in the fo~m and vv~~h the fcss payahle as af~resaid; a~d in the event uny s~n
of money beco•nes payable under such pol~cy or pohues said MORTGAGEE shaN have rhe opr~on te rrc•_ivr r,nd ap~,!y t'ri~ sarne on account o( the indabtrd
ness secured her~by or to perrnit Said l10RiGAGORS to reCeive and uie it o~ any part tnereoi tcr c:m r{.ur~ ~s~•s, ~v~ti~o~t Ih>~~ u~ .v~~.~ ~3 .;r ~~~fp,;~r
~ng a~y equ~ty, I~en or r~qht ~nd.=r or by virtue of tnis mcr'gege; and in the evem sa:d MORTGAGORS shall .`or any reason fail to keep the sa~d premisrs so
,s~~ed, or fail to del;ver pro«~ptly any oF saed poGeies of insurance to sa~d MORTGAGEE, or t.,i1 p;omptly to.pay f~~ty any pre~niu:n therefor or in a~y
respect fael t0 per4orm, di;charye, execute, eflrU, tomplete, tomply with dnd ab~de by th~s covena:~~, or any pa:t h:rrof, said N~ORIG:aGEE may p~ace a~a
pa~ for such inwr.~nce or any part thereof witFwut waiving or affecting any opnon, lien, equ~ty, or r~~l,t unde~ o~ by virtue of this Mortgage, and fhc
full amount of each and e.ery such paymam shall be immediately due and payable and shal! baar ir.terest irom the date thereoi unril poid at tha ~ate ol
n~ne ~xr centu•n per an:w~n ~nd to~ethr~ .vith such inter~ST Shdll be s~cured oy ~ne i~rn v~ ii~~a uw~~yoyo.
4. To ~rmit, commit or suffer no waste, impairment o~ deterioration of sa~d properiy or any part thereof.
S. To pay all and singutar the costs, charges and expenses, induding a reasonable atrorney's fee and costs of abstracts of title, incurred or paid at
any ~~~~:e by satd M,URiGAG:E, because or in the evero of the fa~ture on tne part of the said MORTGAGOR to duly, promptiy and futly parform, d~scha~ge.
_~xccute, efiect, comElete, con~ply wnh a~d ab.de by each and every the stipulai~ons, agreements, cond~f~ons, and covenan~s o1 sa+d p.om~sso~y nore and th~s
:*:ortgage any or e~~her, a,id sa:d rosts, charges and expenses, each and every, sha11 be immediatety due and payab:e; whefhe~ or not there be no~~ce d~
n~ar,d, atten•,pt to co:iect ar suit pend;ng; a~d the full amoum of each and every such paymrnt shall bea~ intarezt from the date thereof umFi paid al the
te o~ n~ne per c~-ntu•n par am,u:n; ~nd ail s~id cusrs, charges and expe~ses ;ncurred or paid, toyether wdh suth mteresl, shall be setured by the fien of this
mortgage.
b. That (a~ in the eve~t of any breach of thii Mortgage or defaulf on the part of the A10RTGAGOR, or ~b) in the event any of sa:d sums of money
herein ~eferred to be not pranp:ly and fu:ly pafd within thvty ~30) days next aitcr the sarne serera'ly becorne due and payable, without demand or notice,
er (c) in the e+ent each and eve~~ the stipulat~o~s, agreements, conditions and covenants of sa.d promissory note and th~s mo~tgage any or either are n~t
i~ly, promprly and ful:~ perfor~ned, d:scharged, executed, effected, completed, compi~ed with ar.d ab~ded Sy, then in e~thrr or any such event the sa+d ag
2'egate 5um ~nenr,~ned in se;d }~romfssory note then remainEng unpaid, with intere;t acuued, and a~l rnoneys secured hereby, shall become d~e and pay-
ao z forthwith, or th~reafter, at the opnon cf said MORTGAGEE, as tuily and completely as if ail af th~ said wma of money were or~gina:ty srpu:ated
^ be pa:d on wch dcy, anything in so:d pro:~~~zsory note ar in this Mortgage to the conrrary naw;thsr3nd,ng; and fhrre~pon or therealter at the op~~on of
s~! h10RTGAGEE, w~thout nonce or demand, su~t at taw or in equ~ty, therefore w thereafrer begun, may be prosecuted as if all moneys secured hereby
r._d metureJ pncr to ~ts ~nstitunon.
7. Thai in the eve~r thar af ihe 6eyinn~ng of or at any rlme per.ding a~y su:t vpon rhis Mortgage, or to fo.eciose it, or to reform it, or to enforce
~ afmcnt of any claims h•e-eu~:der, said t.10RTGAGEE shall apply to the Court ha~i~g ~ur~sd:cnon the~eoi ior the appoinhnent of a Receiver, Such Court shaft
i: thv;ith aFpoint a retci+er oF said moitgaged property aR and singular, ~ntiud.ng a11 a~td sin9ular the i^tome, p~of~ts, issues artd revenues from whatever
s~rce d~•rived, eech ar,d every of wh ch, it being express!y understood, is hereby mortgaged as if spec~ticai{y set forth and deur~bed in the graniing and
'~':,e~dum davses heroof, ar.d s~ch Receiver shall have all the broad and efixtive funct:ons and powers in any~v~se entrusted by a Court to a Rec~iver, and
s. ;h appointme~et shalt bc made by Svch Coutt as an ad~nitted equity and a matter of abso+ute rigM to said A50RiGAGEE, and withcut reference to the
,1•~q~scy or inadeguacy of the vaiue of the p:operty mo~tgaged or to the soivency or insoivency o1 said MORiGAGOR or the deSendants, and thal such
r•, +rs, proiits, inco,ne, issues and revenues shail be appGed by such Receiver accordmg to the Gen or equity of said MQRTGAGEE and the pracrice of such
Court.
,
8. To duly, promptly and futly perform, discharge, execute, effect, compiete, comp!y with and abide by each and every the stipulations, agreements.
;.nditions and covenants in sa~d promissory note and this mortgage set forlh.
9. That in the e~ent the ov~nership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MpRTGAGOR, the
:~RTGAG:E, irs successors and ass;gns, may, wifhout nonce to the A10RTGAOR, deaf wrth such wccessor or wcceszo~ in inter?st with reference to this
o•tgage ar.d the deot hereby sec~red in the same manner as with h5ortgago~ without in any way vit:ating or d~scharging the ~Nortgagors' liabitity here-
:,-1er or upon the d~bt h~~reby secured. fVo sa'e of the prem~ses hereby mortgaged and no iorbearonce on the part of the b1QRTGAGEE or its successors
~ss~gns ar.d no exte^slon of che f;n~e for the pa/menr of the debt hereby secured given by the h10RTGAGEE or its successors or ass~gns, at~all operate
~o re!ease, dacharge, mod~fy change or affect the orig~r.al liab~iny of the NORTGAGOR herein, either in whote or in part.
10. It is spenf~cal;y agreed that time is of the essence of this coMract and that no waiver of any obi~ga~~on hereunder or of the obligation se-
c~red hereby shala a~ any t;n,e thereafter be hcld to be a waiver of the terms hereof or of the instr~ment sewred herby.
11 . L•, .;d~ r!e ~~o the ferego ng r„onthly p~ym~nrs of princ pa( a~d interest req~~red .by the prom:ssc;y no~r sewred hereb~, mortgagor eovenants
d agr_•es ro ;;ay ru mortyagce ~n rth each monrh y pay~nent an adJ~+ional svm est~n,ated by mortgagee to be eyuai to 1, 12 of t;ie an~iual cost of the follow-
A-Ail rcal property taxas levie.~'. or asses~_d .~g_i^,st thc ak;ove described real estate.
6 Pr.r.~:,o :~s o:i f~re and v.~r.dsto~m ~nsurarce as here~n requ~red to be carried o~ th~ ~mproveme~ts s~tuate on the above d~scribed premises.
C-Pr~•~^.i~:~~ s en ~uch .*:ong.,gE guaranty icsura~:ce as morrgagee sha(f from t"me to sime deem fit to carry on the foan sec~red hereby.
P.'ortgag; e s~a + from n-rie to t~nfe rTOrif~ rro~tgagor irt w~~t;ng of the an,ou~t due and payabte hereunder and such surn shall thcreupon be due and
_:.,b!e o~ rh_ d~~~ ca•e of ~he ncat month:y pay~r,ent and eacfi successive month thereaft~r ur.tii mcrtgagee sha!I nor~fy mortgagor of a change in such
unt. Sucli z.::~:s sFa:k ~e ~Hp..ied 6y mortgag~~e roward the payment of rea! properry taxes, insurence prem,ums, a~id mortgage guaranty insurar.ce
: ~-e~~;iums. ,
IN \'lITPiE~S :rHERiOF, the aa~ A1lORTGAGOR has hereunto set his ha~d and seai the day and year first aforesaid.
S~g Sealed ~delive d in t presence of: ~
~ ' ~y
i
• ~ r - ~~/Y''') /
~ , ~G~E-7 i'"t.i ~$f2~)
~ ~ ~si1
~ _ hn W. Wetrnore.
Gt-• ~.c~
_ lia Marie Wetmore ~~ai~
;;ATE Of FLORfDA ~
St . Luc ie
~JU!JTY OF ` ~
Before me personally appeared John w~ wetmore ~
and
Julia ;iarie Wetmore ' - ~ ~ ~ +
- - - his wiie, to me well known ar~U {aiown to me.fo. be
rt;._ individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the ~satne for tF» •pujpplres
'herein expressed. And the sa~d__ Ju2ia Mdl'1Q wetmore 1~
:::fe of the sa~a John W~ WQt1nOY@ upOri a~ss~a'r5f! srSd p~TvatE
:~~~n~nation by me taken se~,arate and apart from her said hunband, atknowledged to a~d before me that she executed said ins'~~~i;nenti' freely. and. rolun- ~
:,ty an d w~ t hou t any compu lsion, coasrraint, apprehens/~o~n~~ feas of or from ber said husband. : ~ U
WlTNfSS my hand and official seal this~ _ ~
day of OCtOb@Y A..D, )9•~2
L 1~ .
• ~
• Notary Public in and for the Stafe 16~i~,i['t~t4e`'
My Commission expires: rZ' • '
Retum 70: • . ~ ~ / ' ~~p
First Pederal Savings 3 loan Associat~on ~
pf Furt P.~~rce.
Fort Pi~•rce, Fforiua
F~~~,~ ANo RFCOaoEo
ST. LUClE COONtY F~A. ~
qOC~R POItRAS
This Instrument Prepared By: Richazd K. Kayes CIERK tiRCU11 COURT
First Federal Savings & Loan Assoc+ation RECORD VERtF1E0
of Fort Pierce ~ Florid2~ t~~
Oct f8 8 va AN
Checked By - 240Q41
E ~~x 2U7 P+,~E 10~.9
( 1t~1
;'°-F''rti~~`' z~ _
` , .
s': ~ .
-
.s~;3