HomeMy WebLinkAbout0482 To place and co~tinuously keep on the bui:d~ngs now or hereafter situate on said ~and and on ati eqJ~p~neN and personaity toyered by ~h~s mo+tg•
ege, w~th sll premiums thareon pe.d in f~ll, lire insurance in ~he usual sta~.ia~d porcy form, in a sum approved by th: MOR~vAGEE, and wmdstam
:nswance in the uwal•srandud po::cy farm, in a wm appro.ed by the MORTGAGFE, in such tompany o? tom~~an;es as the M02TGAGEE ~+ay
dirett; and all fi~e and w~~Jsturm insurance potic:es on any of sa~d build~ngs, any inrerrst ihereln or pa~t thereof, in the agg~cga+e wm aloresaid or
in excess thereof, s!~all contai~ ~he us~al s~ondard mortgagae ciause or wch other clause as the Mcrtgagee may reyu,re, moMing tha loss undrr sa~d poli-
ues, eath and every, pay~b'e w sa~d AWRTGAGEE as its iroerrit may appaar, a~~d eacA and every such pot~cy shall br promptty ass 9•,~d a~~d de~~vcrd ~o
any held by sa~d hAORiGAGEE as funtier security to said mu~tgage drbt, and, no~ ~ess than ten (101 davs in ad+a~ue of the exp~rat~on of each polity, ro dr
Gver to sa~d MORTGAGEE a renewal thereof, ~oge~ha woh a~eceipt for the prem~um of such renewal; and ~hrre shatl be rw Gre or ~n~nosio~~o insurance
pleced on any of said b~ildings, any interFSt therein or pa~t thereuf, unless in eF~e form and w~th the loss p+Y~b!e as a!oresaid; and in the evenl any sum
of money betomea payab!e undrr wch poGq w po~~ucs ia~d MORTGAGEE shall have ~Ae ophon to ~ece~ve and app~y the san~e on acco~nt of ~he indaotrd•
ness aecured heraby w ~o pernul sa~d MQRTGAGORS to receive and use it o~ an~ part tha:~of tor o:n_•~ pw; os~~s, ,~;u,•~,;? ~h u: v._~.~ ,3 e. ..~r-
ing any equ~ty, lien or r~yh~ undr~ w by virtue o1 this mo::gage; and in the event sa:d MORTG~IGORS shall for any ~eason fa~! to kzep ~he sa~d p~em~s_s so
~nsured, or fail ro de~~ver promplly any of said poLcies ol insurance to sa~d MQRTGAGEE, or fa~i promptly to Nay fiitly any ~rG~»w+n therofor or in a~y
respea fai~ ro per(orm, d~scharge, execure, effecl, canp~Ne, comply with and ab~de by thif cove~ant, o. any pan h~reoi, satd MOR7G~GEE may piac~ a~~d
pay fw such insurance or any part thereof withoul waiving or affecfing any ophon, lien, equ~ty, o~ nght under or b~ virtue of this 6~ortgaqe, and the
full amount of each and every such paymrnt shai{ be immediafety due and payable and shatl bear interest fiom Ihe d.~re thereoF un~il pa~d at ihe ra~e of
n~ne per cent~m per annum and to~rthrr w~th suU ~nte~ost sha~i :~e sewred by thr lien of this mortgage.
4. To pe~mit, cwnmit or su(fer no waste, iinpair~nrnt or deterioration of sa~d property or any parl thzreof.
S. To pay all and singular the coats, charges and expenses, inciuding a reasonable attorney's fee and ccs~s of abstracts of title, incurred or paid at
any time by said MORIGAG:E, because or in the event of the fa:iure on ?he part o! the said h10RTGAGOR to duly, promptly and fu~~y pe~form, d~scF+arge.
execute, etfett, canp:ete, comply ~v~th and ab:de by each and every the s~~p~~auons, agreen+ents, condit~ons, and covenants o( sa~d pro~~.~s~ory nore and th~s
mortgage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and paya6le; wherher o. ~ot fhare be not~ce de-
m~nd, atte~npt to collcct or suit pend:ng; and the full a~nounl of each and e~ery su<h paymen~ shall bea~ intereat from the date thereof until Faid at the
r:fe o~ nine p2t ccn:um ~r am,~rn; a~~~ a11 said costs, charyes and eaprnses incurred or paid, ~ogetner weh such inte~est, shall be sec~red by the lien of th~s
morfgage. -
6. That (a) the event of a~y breach of this 1Norrgage or default on the part of the A~ORTGAGOR, or ;b) in the event any oi sa;d s~ms of money
herein rcferred to be not promptty and tuily paid within th~rty (30) days nrat airer the same severat(y become due and payab~e, withou~ demand or noi~ce,
or (c) in the event each and every fhe stipvia~ions, agrremeros, cond~~~ons and covenann of sa.d promissory note and th.s mortgage any or either are not
~uly, promptly and tu1!y performed, d•scharged, execured, eifected, compteted, compi~ed with and a6~ded by, then in enher or any such event the sa~d ag
~r~ate sum mentior.ed ~n sa~d grom~ssory note thzn remaining unpaid, w~th in~erest accrued, and a~t mo~ieys setured hereby, shall become d~e and pay
ao e forthwith, or fhereaft~r, at thr opr~on of s,.ia h10R7GAGfE, as fulfy and comple~ely as if aIi of the soid wms of money were or~glna:fy shpu~aied
ro be pa~d on such dcy, anyth~ru~ in sa d pro~rr;ssory note or in this Alortgage to the conrrary notw~thstanding; and thereupon or thereafter at ~he opnon of
s~,d MORTGAGEE, w;thout not~ce o~ demand, suit at law or in equity, therefore or thereatfer begun, may be prosecurrd as if all moneys sewred hereby
o_d matured pr~w to ~ts institut~on.
7, ihat in the event ~hat at the beginning o! or at a~y time pending any suit upon this Mo~tgage, or to toreclose it, or to reform it, or fo enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having ~ursd~ctio~ thereof for the appo~ntment of a Receiver, such Guvrt shail
Forfhwi~h appo~M a rece~ver of said mortgagcd property atl and singular, inc!ud.n~ af! and ai~igutar the income, p~ofns, issues ar.d revenues from whatever
sc~~rce derived, each and every of wh;ch, it be~ng eapress!y understood, is hereby mor~gaged as if spec~fically set forth and described in the granti~~g and
h~oendum clauses herrof, and such Receiver shal~ have all the broad and effecr~~.e f~nct.ons and powers in anywise entrusted by a Cour1 to a Receiver, and
s_ch appointment shali be made by such Court as an ad:r.itred equity and a matter of a6sotute r~ght to said MORiGAGEE, and wifhout refer~nce to the
ad~yuacy or inadequacy of the value of the property mortgaged or to rhe so~vrncy or ~nsotvrncy oi sa~d MORiGAGOR or the defendants, and ihat wch
re•,~s, proFits, iocome, iasues and re~enues shall be apptied by such Receiver accordu~g to the lien or eqvity of said MORiGAGEE ar.d the practice of such
Court.
8. To duty, promptty and ful!y perfo~m, d~scharge, execute, effect, complete, :o•,:p!y w~~h and abide by each and every the stipuiations, agreemtnts,
conditions and covenan~s ~n sa~d promisscry nore and th;s mortgage set iorth.
9. ihat in the event the ownersh~p of rhe .r.ortgaaed pren,~ses, or any part tncreof, becomes vested in a person other than the MORTGAGOR, the
: ORTGAGEE, its auccessors ar,d ass~ar.s, n,ay, w~tnout nOtlCe to the A40R?GAOR, deal with such successor or wuessor in interest wi~h reference to this
n.o rgage and the deut hereby secured in the same manne~ as wi2h ldortgagor wnhovt in any way vitiat~ng or d~sct:arging the Nlortgagors' tiability here-
uode~ or upon the debt hereby se:ured. No saie of the Frem~ses h~-reby morlgagrd ard no forbearance on the part ot the IAORTGAGEE or its wctessors
cr assigns and no extens~on of the sime for the payment of the debt herc6y secured given by the MORTGAGEE or its successors or ass~gns, a~:all operate
ro re~ease, d~scharge, mod~fy change or affect the origmal Gab~Lty of the MORiGAGOR herein, either in whole or in part.
10. It is speuficalfy agreed tha* time is of the essente of this contract and that no waiver of any obl~gat~on hereunder or of the o53igation se-
c~red hereby snali at any time therrafter be held to be a waiver of the terms hereof or of ihe instrument sewred herby.
11. In aJd.tlo~ to the fo~ego n9 montF'y payments of print'pal and interest req~ired by the prom~ssory no!e secured hereb/, mortgagor covenants
d ag~ees ro pay to mortgegee w;rh rach rrenrh y pay~ ~ent an ad:i:rional wm ett6maled by mortg3gee to be egval to 1; 12 of the ann~al cost of the fotlow-
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, A-All real property ta,crs lev~ed or assesced aya~ast th<_~ ahove dESUibed real estate.
B-Prem~ums on fire and wlndstorm ~nsu~acce as he~ein req~:.ed to be carr~ed on ~he ~mi~rovements s~tuate on the above d~su;bed premises.
'',I C-Premiums on such mortgsge guaranty inw~a~.ce as mortgagee sha~i from i:me to hme deem fit to carry on the loan sec~red hereby.
~ Mortgagee sha l from t~me to nme nerify morrgagcr m writ~ng o( the a~nou~! due and payable here~ndzr and wch sum shall thrreupon be due and
;~yable on the due da+e oi rhe next month:y paymem a~d ea.h successrve month thereatter ur.fil mortgagee shall notify morrgagor ot a change in wch
` e-.ount. Such su~ns sFa:l be arp:ied by mortgagee tohard the payme~t of reat p~operty taxes, insurance prem:ums, and mortgage guaranty insurance
~ n•ermums.
~ IN \VITNESS ':1NEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and first we "
, S'gned, Sealed a~d e:ivered in the presence of: /
~ ~ i? iT ~ f,'.,! ~2 1 A1 7 $eal)
~ ~ t _ l .i rlP J l il'.~~ ~a.5 (S2dU
~ - ~
~ _ _ }
~ - ~ 1~ S a`?e th Tr1o:r~3 s (Seal)
S~AiE OF FlOR10A ~
~OU.'~TYDF Ja.. Lucie ' S5' _
Befwe me personaliy appeared %Y'i8: @ c Il0(?'t9S ' and
:.1 ~ 8 4~ 6 t:1 r~ . ~2 01R8 S his wiic, to me well kno~v~r ~~nd~ kno~yn. t.q me to be
!he individuals descr~bed in and who executed the foregoing instrument, and acknowiedged before me that they exeselea t~ee~,~b~~jfq4'ffle .purposes
?herein ex essed. And the said ~l i s abe tr 1. i::OR1~ S _
~ ~ S~ TI.
r::fe of the said ~y'• =^18 S~ '~Y10":8S ~ ' ypop s depa~tb an~ private
~ . - -
~ e* am~nat~on by me taken separate and apart from her said h~sband, acknowledged to and before me that she esetufeH aejc~ insttumem ~r~1~L and votun-
~ ~.>.-~iy and w~thout any computsion, constraim, apprehens;on, or fear of or from her said husband. ;
WiTNE55 my hand and official seal this._ 1'~ t h day of IV O V e G'jb •T' ~.i 1.~ A:(Y 19~_2
~ ` V ~ • _
~ Notary Public in and fo~, e~faj of Fbrj~a:' ~Tge
A1y Commission expires: ' ~ 1 ' • ~ ~ v
~ Retum To: - ~Al~h~~,,1~
L!Ci'~$lATE d fLORlDA at LARGE
~ f~nt Federal Savings 3 loan Associat~on Iry G~ffR1~~Oti EJ(PIRES SEPT. 25, I915
oi Fort P.e~ce BondeA Br American Bankers Insurance .:o.
~ fort Picrce, Florida
?i;
~
~ • FILE9 ~ti ~'.~~l~~P~~.
This Instrument Prepared By Jo~,n W. ~ollii'.s 5;.~~~;~,.~UM.Yft
~ First Federal Savings 8 Loan Association Rp~rr ;-^~'RAS ~
~ C?E?!~ C~ ~~1tT COttRT \
~ of Fort Pierce ~~'lOrl~-i8 r~~.t;~~~r
PE..~
~ Checked By ~ ~ ` Q~ ~ ~
~ ~ ~ ~ 2418'72
~ 3~~1! ~Vp PACE
~
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