HomeMy WebLinkAbout1880 To pf~ce and contirno~.s+y kse~p on !nt kw~'d~ngs oow a herraft~r ~~twte on sa~d ~and and an a~t equips,c~? ~nd persc.natly coYered by this mortg-
w:th ali prcmi~ms thrrea~ pa~d ~n tull, fve insu~ance ~n thw ~tv~! siandard po'~cy fWm, in a 3um approved !~y tta N.OR~G:+GEE, a~~d w~nds~am
1nwr~nce in tM uswl iianda•d po:~<y ta~n, ~n a sum ~ppro.ed by +l+e A1ORi~GEE, ie s~rih co~npan~~ or ca,npaaiss as +he MORTGAGEE n+ay
direct, and ai: (ir• and w~ndstwm insuranta po;ic~es on sny of ~a;d tx,iid~n~s, any intereil ~here~n w pa~t the~_wf, in IfN ~49rzgete tum ~fo~esald or
in e~ctcss tAcrroi, shaH ronrs~n ~ha ~sual seandard morigaga~ c~auae or such ~~hcr dause at ~hr Matyagee may rcqu.r~, ma?~nq the ~ois u~dr~ sa~d pol~
c~es, rsch and every, payab~e ro aa~d M1~ORiGAGEE af ~~s ~neerrit may appeai, :r.d each and way wch po:~c~ shait Lr prampt!y as; gr.rd .;~~d dr~~varcd ~o
eny held by aa~d MORIGAGEE as fu~thrr sewr~ty :o said matgage debt, a~~d, not teu than tan ~!0) days M adv~rca o! iM eap~rarion af arch p~1~cy, ~o de-
Itve~ to said MORiGAGEE a renewal tFK.eof, eoge~her with a rccc~pt fw tlx p~emium af such re~xwaf; a~xl ~htre shait br ~w fue or ~vinds~o~m insurance
P~xed on •~~y u( se~ L.,~td;:x~s, any intF:sst thare:n ar parf tlirarof, vr!ess ~r. the (am a.xi w~+h ~ir loss ~ayable as a(wesaid; and ~n the svent any ~um
ei ~?wnay betome~ payab;e ur~de~ s~ch pol;cy a pol.t~rs sa;d MORTGAGEE sha~t have ~he ope~oo w rece~~e and appty ~he s;uoe on uco~nt of tAe i~~dco~~d-
ness secured hrreby u ~o ptrmi: sa:d MORiGAGORS ro recrive and us~ il w any ~arl thr,eot tor o:~~c~ purposes, v.~~iw.:: th ot .v.~~.~ or ~::~~.,~r-
~~g a~y equ~ty, Iien or ryht u~drr or by vinue of ~his ma:rgage; and in the event sa:d MORIGAGORS shall for any reason fait to keep ~he said premisas so
~~surcd, w fail to de~iver R~anptly sny ~f sa~d poircies of insurancs to sA~d MORiGAGEE, w faH promptly to ~ay fuity any prt~nwm therrfo~ or in a~y
respect iail ro pe.v}wm, dncharge, execuie, effecl, complete, ca-npty ~vi~h aiv' •b~de by lhis cove~aN, or ~n/ Fa~+ hareof, sa~d MORiGAGEE may place a~,d
Fay fo? such inswance or any part Mereof withour wa;ving w affxtin9 an~ op~eon, tien, equ~ty, or rght under a bt v~~tve of this htwtgaga, and t!x
full amount of racA and e.rry svch paymem shall be immedialety due and payable and :hall btar intere~l frpn the da~e thrreoi un~il pa~d a~ the rare ol
nine pei cemum per ~nnurn and to~eti~er vrith such inter~sr thai~ tx secu~rd by the lien of lhis motlgsge.
1. To pe~mit, comm;t d s~ffer no waste, impa;u:xnt w deterioration o~ sa~d propeKty or any Fvrt therec:f.
S. To p~y alt and sirgviu the costs, cha~ges and expenses. ~nctuding a reasonabk attwney i fee and coats of absc:acts of t:t4e, incurred w pa~d at
any tim.e by said MORTGAG:E, betavie or in the event o! the ia;ivre o~ ~he part of the said MORTGAGOR to du~y, pranptly and fu:iy per(prm, d~xha~ge.
execute, effect, comptere, Co~aply ~v~th and ab:ck br each and every :he stipulauona, agretments, conditio~s, snd covenants of sa~d From~ssory note and ~hts
»ortgege any or e~~her, and sa.d costs, tharges and expenus, cach and eve+y, sha~l be immed~ately due and payable; whr~hcr a not thrre be norice dr
mand, attempt to co~lect or suir pend~ng; and tfx full amounl of each and every such psyment :hail bear inrerest f~om the dafe there~f umil paid •t the
r~rr of nine prr centum prr annv;n; and all said costs, charges a•,d expr~ses ~ncurred or paid, ~ogether wah such interes~, shall be secured by the l~en of th~s
mortgags.
6. That (a) in the evenf of any 6reach of this Mo~rgage pr defautt on ~I~ part of the MORTGAGpR, w~o) in the eveni any of sa:d sv.~ns of money
herein refe~red to be no1 promp+~y and fully paid w~~h~n th~rty (30) da~s next afte? thc same,severatty betonk due and payabte, wi~hour dc,,rzd or nosice,
or in tha evem each and every the stip~:ations, agreem:NS, condirions and covenanrs of 3a.d proniissory note and th~s mortgage any ur e,tFur are not
iuty, promptly and fvlty per/ormed, d:scharged, execured, ~ffected, comp{ered, compl;ed"wuh and ab~ded 5y, then in e~~her w any such event the sa~d a9-
gregate sum mentioned in Sa;cJ promisso~y note thrn remaining unpa~d, with interest acc ued, and ail mo~.rys setured hereby, sha11 become due and pay-
ahle fo~thwith, o~ ~hereafrer, at the opt;on of sa~d MORTGAGEE, as fu~ty and compteuly as if aH o( the sa~d wms of money we.e w,g~~a:ty snp~:ared
to be pa~d on suth day, anything in sa:d prom~sswy note or in thia Matgage ro~he contrary notxirhsfand~r~g; and thcreupon w thereafrer af the op~~on of
sa~d MORTGAGEE, w~rhout no~ke w dcmand, suit at law or in equity, the~eEore or therea{~ar begun, may be prosecutrd as ef all moneys secured FKreby
nad matured pnpr to ~ts insritut~oo_
7. That in the event that at the beg~nn:ng of or at any t~me pending any su~t upon th~s Mortgsge, or to foreclose it, w to retam it, or to enfe~ce
pnymenl of any tleims hcreunder, seid MORTGAGEE shall apply to the Courl having junsd~ttion th•~reo} far the appo~ntment of a Receive~, such Court shalf
fc.rhwith appoint a receive~ of said mortgaged proparty aN and s:ngular, ;n~lud.ng all and singular th= income, p?of~ts, issues and revrn~s frpn whatever
:ource de:ived, each snd every of wh;ch, it be~ng expressly unders~ood, is hereby matgaged ss if spec:fically set (orth and dewibed in the granting and
habendum cla~ses hereoF, and such Receiver shall have eiJ ihe broad and effective (unet,ons and powers in anyw~se entrusted by a Court to a Receire~, snd
s_ch appointm,ent shaii be made by such Court as an admitted equity and a matter of aosolute right to said MORTGAGEE, and without re:erence to Ihe
adequac~/ or inadeq~acy of che value of the propo~~y mortgaged w to the w.ve~xy or insolvency of sald MpRiGAGOR a the defendants, and that svch
re^rs, profirs, income, iuves and revertves shall be appiied iy svch Receiver accord~ng to the ~ien or equ~ty of said MORTGAGEE and ~he practice of such
Court.
8_ To duty, pra~+,ptly and fuily perfo~m, d7:charge, execure, ~fFect, complete, comply w~rh snd abide by each and every the st~puiations, agreements,
conditions and covrnants (n sa~d prom~ssory nore and th~s mortgage set forth.
9. That in the eve~t ~he c.wreersh;~ of ~he mortgaqed prem;ses, a any purt ti+ereof, becomes vesl~d in a pery~n other than the MORTGAGpR, 1he
:'.ORTGAGEE, its succeuors and auigns, may, without norice to rhe AtiORTGAOR, deal w~th such suctcssor or successor in ~nterest with reference to this
~ ongage ar+d tbe d~bt hereby secured in the sar.~e manner as wrth Nbrtgago. wahovt in any „ray viKating or d~scha~ging the Nbrrgagors' liacil;ty he~r
under or upon the debt hereby secured. No saIe of th~ FremTses hrreby ~no~tgaged and oo f~rbearance o~ the part of the /11pRTGAGEE or its succrs;ors
or assigns and no eatr,s~on of the r;me fw. the payment oi the debt hereby secur~ give~ by ~he MORTGAGEE or its successors w, ass:gns, rwii operate
ro rele.:se, d~scharge, modify clwnge a affect ti~e ~~;g;~al liai~,l,fy of rhe M,ORTGAGOR F•erein, e~ther in whote or in part.
10. It is specifically ag~eed ttut t~me is of the esunce of th~s contract and that rq w~iver of any obfigation hereunder or of the oblgaYqn sr
.ured hereby sha:l at any teme there5fter be he:d to be a waiver of the terms hereaf a of the ins!rumen~ secured herby.
11- In add:t~o~ to the fwego:ng monthSy payments of princ'pal ano i~teresj requ~red by the prom;sscry no~e secured hereby, mortgagar covenants
and ag.ees ro pay ?o rr.o»gagee »;th each mon+hiy pay~.~ent an add~Tional sum rst:mated by mortgagee to be eq~al to 1,' 12 oS the annual cost of the foliow-
n3:
A--AtI real property taxes Ievied w assess_d aga~-,st the aMve described real estate_
B-Pram~u~ns on fre and w~nds~orm ~r,wrarce as t~ere~n requ:~ed to be carr~ed o.c the improveme:±ts s~tvate en the above d=sa;bed premises_
C-Prem;ums o~ wch mortg~ gua~onty ;r.surance as mo•rgagee sha'.l from t,me te time deem fit to tarry on the loan secured hereby.
Matgagee s!~al1 from t~me to t~~"e nor~iy mortgagcr ;n wrir~ng af thr amou~t dve and payable he~eur~der and svch s~-n sha1~ thereupon be due and
: ayeble on the due oate of the next month:y paymCnt a~~d each wccessive mor.th tnereafter untit mwtgagee sha!1 ~ot~fy mortgagor of a chartige in such
_~•~~~nt. $vch sums sF~J be app'ird by mortgagee rarna:d the payment of ceal property taxes, insurance prem:ums, and martgage guaraniy in_urance
^ • e miums.
tN Y11TNE55 YiHER~OF, the said k10RTGAGOR has hereunto set h"s hand and seai the dap and ear First a(wesai
Sgr~ed, Scal d and delive td in ihe p~esa e of:
° ' ~
e.•~, a'~
itnes - - r . cer c~a~
~'1tII6 . . ` C1'Jl" Sean
dtE~ • ~ ($eal)
S'ATE OF FLORIDA ~ .
Volusia - u-
couvrY of
Before me perwnatly appeared Robert S. Speaeer
and
Patsy N. Spencer hia wiie, to me well known and known to me to be
rhe individuals desuibed in and who executed the foregarg instrurrKnt, and acknowledged before me that they executed the same for the ~~~rposes
rF.erein expressed. And rh_ said Patsy N. 5~1QI1CQZ
r.tfe of ~he ~;a _ Robert S~ $pel1C@Z upon a xpsratt and private
e=am~nar~on by me taken separate and apart frwre her sa;d bvsband, scknowti-edgeo :u :.nd befwe me that she executed said instrumem freely and votun-
e':~Y arn! w~tho~t any compulsioo, constraint, apprehens:on, or fear of or fram hEr said hvaband. MaYG$ ~.~~'j.~~
WIT;VESS my hand and oftic:al seal this- 2nd _ day of ,\1'~ D..~j~_'•.;
_ Notery Pub`~c in and
forj~~Rqr~ ~ '~••1 , _
My Commission expires: _ • . = _
Retum To: ~ % v -
F~nt Federal Sav7 s 3 loa~ Ass«:ar~on NOTARI PUSIIC ST•'~f " Cf RORIOJ{ ~T L11~f'iE j _
"9 MY Cor:t~r.~.;ci,~'rrcr~ ;;:E4.g~~i~ 1'973? : :c. _
O~ fo,r P:.,.ce. BONDED fNZJ F?;~ H. C:.SJ`t' ~ :~,~~C =
: ~ •
Fort Picrce, ficrida , ~ ~ . _ ' . .
, ~
f,
This Msirument Prepared 6y Jp~ Ht~ Cpjl~!!S F11fC.!M!; ~ECGiOED
first Federal Savings 8~ Loan Association ST. LU:ii :~13Ntlt f«. ~QU(~~3
- of Fort Pierce ~ Fjp~~ p.v;,E ..:n~1S ~ Jvv
~ Ct~~sK _ C~~JRT
`hzckEd 8y RFr.r,~ . . . , -
~ ~ 9 03 ~~'~3 ks
~O~K~~~ PACF~~~
s _ - ~ _ : - - - ~
>x _ ;
~ - _ s.~ -
~ , K = ' ~
= . . , :
~