HomeMy WebLinkAbout0118 fo pla<t and ccn~invous!y kcep o++ the bu+'d~ny now or hsrsafee~ s;watt on s~~d land a~d on alt cGuip~nent u+d paionally cover.~ by th~s m.o~rg-
w~~h •1! p~em~~ms ~hr~con pa~d f~:~, F,re ir.s~~..~~.r i~ tha vsva! s~+nd+~d pnt~q fam. in ~ sum apprwed by ~he M4R~G.`.GFE. a~>d w~ndato+~n
:nsuranc~ in tha ~sual t~and+rd pW.cy fw~;., a ~~m app~oved by ~I+~ MORTWIGEE. in such company u con+pan:es a~ tF.e MORTGAGEE ma~
d~~ect; and ~11 f~~~ anJ w~~+uti~am insurancs po1~<~es on a~y of ia~ bu~~darys, any ir.tt~us~ t!~erei~ or pa~t nc~~eof. in ~M agyrc~str svm aFaesa~d e+
ir. e:ces~ ~hereof, shati conta.n ~hr uswl s~a~.dard mortya9ee cia~ss o~ such wha claca~ as the Mort9agea may req~.~e aw~~~y ~?~e ~oss v~.or~ se~d pol~
c~es. each and every, payabl~ ~o said b1JRTGAGEE ss ~b ~Nt~rst may appe+~, a++d e~ch and ~very such poi~cy aMll bf p~O~npt~Y ats grtcd a~~d d~:~~ar.-d ~o
s~y IxJd by sa~d MORIG~GEE as ivnhee secuc~ty Ia sa~d mo+.9age drbr, and, nu~ lsss ~Aan ren (IGl d+;~s in adv~nce of ~he exp~roaon of eech poGcy, to dr
I~ve~ to sad MOkiGAGEE • renewal thcreoE. toge~ha w~:h a rec~:pt for tAe wanium af such rene~al; snd ~here shalf 63 ~w f~re cr w,ndsro~.n ~„sura~.ce
pl~ced on +ny of sa~d b~,ild~ngi, any i~ueres~ Ihr~e~n av pa~t ~hereo(, unteis in ~!K fo~m a~d w7fh the lou R+r+ble as afc.csaid; and in thr e~eot :~~y s~m
oi mo~ey becomes payab~c ~ader such policy or po~~c~es s~~d MORTG.~GEE ~i~sll hav~ !M optwn ro receive and ~pyly ~he s+~tx on acco~~~t ol rt,e i•.oau~~d-
~ess s.~rcd htreby a to permit said MORTGAGORS to recrive and use :t a any pau thr:eof lor o:i~.~ pu~,,oses. v.,+n•:.,t th~.~~:
ing a..~ eyu~ty. I~eo w rtght unde~ cv by virt~•e ot ~MS mo.^.ga9e; and in ~he even~ sa;d MORiGAGORS sha11 f~ any rrason fait to kreo the sa~d p~em;sasuw
~nswed, o- fail M dtGve~ p~omptly any of said po~iues ol insurant~ lo sa:d MORIGAGEE, ot fail p:omptly to pay f~~:y YflY (NE~Il~J«1 thr~rfu~ c~ a~v
~esF:*.t f:il ro pafwm, d~scna~ge, execv?e, elfect, eom~re, comply wi~!~ and ab~dc by t!us .ovc~ant, a any pa+t F+arco(, ss~tl MV~iGAG[E moy p~acc a~d
pay For s~ch insurance or any part thereof w~~hout w~ivir~ w alfacti~ any optioe. ~ien. Nu~ry, or r.flht unda u by v~rwe ol ~h~s Mo~egagr, a~d ihe
futt amuunt o`. each aod evay such pa~cnant sAatt be iR.mediately due and psYable a:r! shafl bear i~terest from the da+s the~eof unTil pa:d a~ ~he ra~e ol
n~ne per cer.tum per annum and to3r?her w~th such interest ~ha~~ tx srw~ed by Ihe litn of ~Ais mor~qage.
1. To pcrmit, comm;t er suf(er na waste, impairmcnt or deteriorat~on oi sa~d prope+ty a any pa.t thereof.
5. To p~y ail and s~ngufar rhe cwts, chargcs an~ expenses, ~nciurling a reasonable »twncy's iee and costi ef a!,s+~acts of ntle, incurr~d o. p+~d a~
any ~~m.a by sa~d MQRT~aG:E, becauu a in the svent of the fa~lurr on the par~ of the s~id MORTGAGOR to du1y, pror~:arly and fuUy prrfor~n. d~sch~~ge
>xecufe, efi.d, con.p'~'e, comp!Y w~th and ab:de by each and everv the st~pulaeons. +grermenis, cond~t~ons, ar.d covena~~s oi iaid p~a-n~swry note and ~h~s
m.ortgage anv o? e~~i.ar, and s~•~d costs, cMrge~ and expenses, each and every, siw:'.I be immed~atelv dua and payab'e; ..hrrhe~ w not tihr-.c be nonce da
mand, attempt ro col:`ct or suit psnd~r:g; and the full amouot of each and every sucA payrr.e~~ shafl bea~ iorerr.s: from ihe date thereof unril pa~d at ~hc
~.+:e of nine per crntum p.:r anuu~+; arw al~ said costs, charges and eapenses iocurred or paid, ~ogather w~th su~h interest, shalt be secu~rd by the Gen of th~~
mortgeye.
b. That (a) in the event oi any breach of this f.~u+tyoge or default on tFr part of the MORTGAGOR, or (b) ~n the evr+t any of sa:d sums of mone~
herein refer.ed to be not pranprty and fully paid within th;rty (30) days nea~ after Ihe same se•:tralty becor:x dut and payable, without demand o~ ~or~ce,
or ;c) in thr event each and every the stip~lationt, agreemtnts, cond~tions a~d covensnrs of ss.d nromisso:y note and th~s mor~gagr any a e~ther a.e no~
i~~~y, promptty and fuily performed, d:uharged, execurecl, eifected, comp~eted, compl~ed w~~h and abiJed Sy, ~hen in e~ther w any such event the sa,d ag
;regate sum ment~oned in said prom~ssay nore then re.na~ning unpa~d, w~th ime~est accrued, and a11 mor:eys secured hereby, shall become d~e and pay-
ab,e fo~thwith, w thercafte~, at the opt~on oF said MORiGAGEE, as fulty and comptetely as if a~l of ~he sa~d sums oi money were org~naily it~pu:afed
ro be pa~d on such day, a~yfhinQ in sa:d promissory note or in this Mw~gage /o the cont~ary ~orwithuand~ng; and ~herc~pon or thr~eafter ai ~he opt~on of
sa.d MORTGAGEE, without not~ce w demar~d, suit at law w in eqvity, thereFwe or tAcreaftcr begun, may be {xosecuted ~s if all muneys secured herety
n~d matured pno~ to ds i~stitution.
7. That in ~he erent that a~ the beginning of w at any time pending ~ny sv~t upon fhis Nb.tgsge, w to foreclose it, or ~o reform :t, or to. er.tc.ce
payment of any daims he~turr,ler, sa~d MORTGAGEE shall apply to the Court having jur~sd~cnon thereof iw ~he appo~romcnt of ~ Receive~, s~ch Cxr~ shail
fcr~hwith appo~nt a rcceive~ of sa~d mo+tgaged property all and singular, inc'vd~n9 atl and si~+gu~ar ~he income, prof~ts, iswes and revenues trom whaeever
se~rce dar~ved, each and every ef wtirch, ir beu+g eapreasly unders~ood, is hereby morfgaged u if spec~I:ally se~ fa~h and deuribed in the g~aro~ng a~d
h.~bendum cia~ses hereof, and s~th Receiv~r shall have alt the broad and effecrive f~rxnoos and powers in anywise entrusted by ~ Co~~1 to a Recr~ver, and
s_ch appoin+me~~t shall tir rrr~de by such Court as an sdmitted equny and a ma~ter of absolufa righ~ to ss~d MORiGAGEE, and without referrnce ~o me
a:.'equacy or i~adeqvacy of the value of fhe property mortgsged w to the sosvency o~ ]nso~ve:~cy of sa7d MORi„AGOR a the defen-~ants, a~d fF.at soch
:e~~s, prafits. income, iswes aru~ revenues shall be appGed by such Receiver xcord~ng ~o the lirn or equ~q of u~d MORTGlaGEE and rhe pract~ce of su:A
Court.
8. To d~ly, promprly and fully paform, dixharge, execute, effect, complete, comply with and abide by each arx! evrry the st~pula~ions, agreeme~ts,
:o :d~:~ons and covenants ~n sa~d promissory note and thls mortgsge se~ fo~th.
9. Thrt in the event the ownership of the mortgaged premixs, w any part thereof, becomes wsted in a person othe~ Ihan the N.ORTGAGOR, the
h1QRTGAGEE, :ts successw~ and assigns, may, w~thovt no+~ce ta the MORTGAOR, deal with such successd or successw in i~terest wi~h reierence ~o th;s
^.onoage and the debt hereby secured in the same manner as with Morrgayo~ w~thout in any way vit:atiru~ a d~uharging the M.utgagors' liabillty herr
~_•~~e~ or upon ttr_ debt hereay securcd. No sate of the pre~:ses hereby mortyaoed and no fwbearance on the p+~~ oi rFK I~ORiCAGfE or +!s uuess~rs
cr ass~g~s ar+d m exrens~on of ~he tlme for the paymero oi the debt hercby secvred g~ven by the ti10RTGAGEE or its successus or ass;g~~s, ~hatl operate
ro re~ease, d~scharge, mod~fy change w affect the original liab~l~tr of the MARTGAGOR herein, eiiher in wFale or in part.
10. it is soec~f~cauy agreed ~hat timr is of the essence of ~h~s con~rad and that no weiver of any obl;gation hereuncler w of the obfigatan sr
cured Fxreby shaii at any time thereafter be he!d to be a waiv-r of the terms hereof or of the instrument secu.ed herby.
1!. Ir. add r~o~ to the forego'ng monthty oaymer.ts of princ paf and ~rorrest required by the prom~ssory r.ore secured htreby, mort~agor cove~ants
a~~d ag.ees to p. ! to mo:rgagee V.~rh each monrh:y payrr.ent an aod~ironal sum rst~m.ated by mortgagee to Ne eqoal to 1: 12 of H,e anrwal cost of the fo:iow-
,y:
' A-AfI real properry taaes levie~ or assessed agaf~s! the above descri5ed real estate.
B-Fr~'r,-,~~m5 on iire and windstxm ~~nsurar.ce as hereln requ:red to be carried on the improvements s:tuate on th_ above de:cr~bed premiszs.
C--Pre~n~u~~s o~ such mortgage guarar.sy ir.sur+•~ce as mortgagee sha~l from. rme to t~me deem fit to carry on thr loan secured hereby.
Mwrgagee sha'1 from time to ri:ne nonfy mortgagcr ;n wrir~ng of the aTOVnt due and payable hereund:r and such sum shail thcreupon be due and
~ .~,ab1e on ~he due date o~ ~h? nexr mo~th!y paym~nt and eacfi successive month thereafrer ur.tii mortgagee shall notif~ mortgagor of a c~ange in sv:h
ount. S~ch wms sha:l be ap~ iied by .r:orrgagee toward the payme~t of rea! property taaes, ins~rance p~em.ums, and mortgage guaranty ~nsurance
e•rwms.
f i'J \YlTNESS :tiH:REOF, the sa~d MORTGAGOR has hereunto set his har.d a~d seal the day and year first aforesaid. ~
~ igned, Seated and delivered in the presenct of: ~ ~ ~
?~~=~v ~ ~K~ Sea!)
` • - Henry _ Travis ~~a,~
' ~ - (Seat)
(Seal)
J n A. Travis
S~ATE OF fIORIDA ~
St. Lucie u-
__~ur;:Y OF -
~ Before me personafly appeared .~p~Y M ~Y8V1S and
~ _ .Ioan A. ~YdV15 his w~fe, to me well known a~d known to m.e to be
rhe indiv~dua:s described in and wFn executecf the foregoing instrument, and scknowledged before me that they executed the same for the purposes
there~n e:pressed. And the said Joan A. TYaV15
~ Henry M. Travis upon a se arate and ~vate
~ r.~re of the said _ P P~
~xam~nat~on by me ta4en separatt and apart from her said husband, acknowfedged t;, and before me that she lilKL:ed said instrument keel~ and vo:um
~ ra•~:y and wrthout any ca-npulsan, co~srraint, apprehens~on, r fear of u from her said husband_ ~ t
Feb ua~r 73
~ WITNESS my hand and offic~a! seal this- day of ~ r ~A. 0. 19
.
. ,(~~j, .
Notary Public in a~d for the STate, A~~ida ~t LSr,ee
~ ~ My Comm~saion expira: ; • , -
~ a~~~.~ ro: Pueuc. sia~ d F. R~~! ~~'~G~
~ First Fe~eral Savings 3 ioan Associat~on CO»5;;.!SSION: EXP~?ES~E~• ~S.'1~~. _
pi iurt P.e:~ce. ~j`'~ ~Q /~1At('!un d,'~~~.~~ -
• :
Fort F~zrce. Flor;da ~~~C7"2fV ~.~P Eg ' ~ ~ ~ ~
~ F ~~EO +wi~ '•~VNt~ f lT- i - .aa -
5`-~U°~~ '~~tS~AS -
~ - ±y~; z Rt r~••y~3~:a'-
This Instrume~t Prepared ByJ• H- ~oberts, Jr. ~~tR~ :
F~rst ~ederal Savir.gs & Loan Associatio~ pE ~ • ` ~ ' ' U~ 1
~ of Fort Pierce ~ ~lorida 3 ~,3~n ~J
~ 8 f t ~
Checiced By ~ ~E j 1 t~ ~
t~ "
~
~ ~o~2ii ~ 119 _
~ sh
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