HomeMy WebLinkAbout1901 a. To pl~it and co~t:nvously keep on the bui'd;ngs now a h?rr:hcr s;tuate ort sa~d ?and and cn al1 eq~~~uneot ~nd pe«o++a{~Y ccvcred by this mcre9-
y~, wi~h dl premiums thrrcw~ pa~d in full, firc i:..vrance ~n ~he uwat sundard po!icy form, in a sum appro:ec by the MvR~~~AGEE, a~~d Y~ie.~atuim
inwra~c~ in tM uswl s~andard pot:cy fam, in a sum a~~xorcd 'ay the MORTGAGEE, in such compaev w compa•~~ts as ~he MORTGAGEE may
direch ~nd all fir~ ar+d w~~+dsro~m inw~ante polic~es on any o) u~d bu~id.ngs, any ints~e~t there~~ or par~ ~he:eof, in th: ~gy~e9a'e wm a!orc:a~d w
in ~xcess thereof, sFKll cev~~ain ~hs us~al standard morrgagae dauss w s~cA al~ c:ause a~ tF+~ Mar~gagee may rcqu:r~, maki~ ~t.e iou v~~dr~ s~~d po~b
c~as, each and every. pa~eb:e ro sa~d A10RiGAGiE as ~ts im~ras+ may appear, and each and eve.y such ~e!~cy tx prort+PUY +?s 9^cd ~n~ de:~v.•r.:d ~c
any held by sa~d MORfGAGEE as fur~her srcwity ro sa~d ma~g-+ge dabt. a:,d, no~ teu ~han trn t101 daYa `.n adY~nce of ~he exphat~o~~ oi e~:h poLCr. ~o de-
IiYN to sa~d MORiGAGfE a rmewal therrof, ~ogc~her w~~h a rece~pt iw the p~anwm of such renaw~l, and thrro sha11 Le no f.re or w~~~ds~c~~n ir+surant•
placed on any ol said bu~Id;ngs, any in~ere~t ttKre~n a part thrrcof, vn!esa in the Io~m a~xl wi~h ~he iuu payabk as riorese~d; and :n the evrnt a~y sum
of money becomes pa~able under s~~ch policy w pol.cies said ~110RTGAGEE shall havs ?he opr~on to recu.e a~~d app~y ~he same o~ accovn~ 01 ~he indrb~ad-
neu secwrd hr.eby or ~o permit said MORTGAGORS 1o recrive a~~d us~ i~ or any pa~l the:eoi fo~ o:n~~~ p~rt~oses. ,•.~tho.~t ~hr~. ~l w.:~.~ or ~•-.p.,.~-
ing any equ~ty, lien or r~ght u~~der or by ~irtue of ~his mo:~9age; and in ths evem sa'•d MORTGAGORS shall {or any reasun fa;l to keep the :a~d p~emis_s so
insured, w(ail to dc~iver promptlY any o~ said polkies oi inswance to sa:d MORiGAGEE, u fail prompily ro pay tuUy any prrnuum thrrefor or in any
respect iail to perfo•m, d~,:harge, eaecute, e}~ect. complrte, comply wi~h snd abide by eh~s cove~+a~4 0~ any part hareof, sa~d h10RTGAGEE may p+ac~ a~~o
pa~ (or such insurance or any part fhereof w~rhout waiving o~ afEecting any opteon, lien, equ~ty: o~ ~~ght under o~ by rirtue of this Moregage, snd ~he
4u11 amuunt of aach and every such ;~aymem shall be immeciiarely due and payable and shall bear interes~ from ths due N~ereoF unt~l pa~d at fhe raTe oi
nine per cenwm ~ annu:n and tu~ethrr :~ith such interesr shal{ be srcured 'ay the (ien of /his mo+tgage.
1. To {xrmif, commit or suffer no waste, impairment or Jeterio~atio~ of said property w any part thereof.
5. To pay all and singular the costs, cnarges and e:penses, inciuding a reasonable ~norney's fee and cosrs of abstracts of titie, incurrcd a paid at
eny time by sa~d MORTGAG;E, because a in the evem of the fa;lure on the par~ of ~he sa+d MORTGAGOR ~o duly, p~o~nptty and fuhy pe~form, d~scnarge
execute, effect, comptetr, ~omply w~ih and ab:de by each and every the sT~~x.lauo~s, agrer~~enfs, cond~t~ons, and covenann o~ sa~d prom~ssory note a~;d +h~i
:no~!9age any or e~eher, and sa~d costc, cha~ges and expenus, exh and every, shal! be immediatrty due and payahte; whe~her w r.ot there be ~o~:ce da
ma~d, atte~:+pt to co:tect or suit pend~ng; and tha fu!! amount of each and e~Ery s~ch paymem shall bear ~meres~ from the ~ate tM~eof unt~l pa~d a~ the
rare of n~ne p.:r centum F;cv an~iu:n; arw a~l said custs, cha+ges ar.d ea;xnses incurred or paid, together w~th such imerest, shall be secured by ~he lic~ of ~ha
morty~e.
6. That (a) in tt+e event of any breach of thls Nb~tgagw or de!au~1 on the part of the MORTGaGOR, w(b) in the event any o1 sa:d sums of money
herein refe~red to be not pro~npfly and futly paid within th,.ty (30) days next after ~h~ same sevrra:ly become due and payab~e, witheut demand o~ nutice,
or (c) in the event each and evcry the stipuia~~ons, sgree~nrn?s, condrt,ons and covenants of sa.d promissory no~e and th~s mwtgage any w ei~her are no1
~uly, pranpNy arv) fully perFormed, d:scharged, exec~ted, effet~ed, completed, co+nalied w~~h and a6~ded hy, then in e~ther or any such event the sa~d ag
gregate sum mennoned in sa~d p~omisswy note then rema~ning unpa~d, w~th inferest acuued, and a4 moneys secured hereby, sAa11 become due and pay-
abte forthwith, w thereaftcr, at the option of said AAORiGAGEE, as fully and completely as if aN of the sa+d sums of mo~ey were or~gin~lly st:pu~ated
w be pa:d on such d~y, anyfhing ~n sa:d p~an~sswy note or in this Mortgage ta ~he comrary no~w~~hstand~ng; and thereupon or thereaite~ at the opt~on of
sa:d MORiGAGEE, without not~ce or demand, suif at law ot in equiry, ~herefore or theteattrr begw~, may be ptoucuted as if all moneys setvred hereby
nad marured pr~or to ~ts ins~itution.
7. That in the event that at the beginnins of or at any t~me pending any su~t upon this Mo?tgage, w to foreclou it, w to reform it, o~ to enforce
payment of any claems hereunde~, said MORTGAGEE .s~+afl app~y to the Court having jur~sd•.cuon thereof for the appointment of a Receiver. such Court sFwil
Forthwith appoint a receiver of sa'~d mortgaged p?operty alt and a~ng~iar, includ~ng all and singular the income, p~of~te, iss~es and revenues from whasever
aource derived, each and every of whrch, it being expressly understood, ~s hereby mo~tgaged as if spec~ficaiiy srt forth and dexr~bed in tFx 9~anf~ng a~d
habendum clauses hereoi, artd such Receiver shaVl have all the broad and effective funcr~ons and po'wcrs'in anywise entrusted by a Co~~t to a Rec.:iver, and
s~ch sppointme~v sha? be made by such Court as an admitted eqoity and a matter of abso:ute right to said MURTGAGEE, and w~rhovt ~eference to the
adcq~acy a inadequacy of the valve of the property mortgaged or to the so~vency or insoive~cy of said MORiGAGOR or the defendants, and ehat s~ch
renes, profirs, income, ~ssues and revenues shall be applied by suc6 Receiver accord~~~g to the lien w equity of uid MORiGAGEE and the pracr;ce of s..ch
Court.
8. To dvly, prompt:y and fully perfwm, discharge, execute, effect, comptete, compty w~th and abide by each and every the st~pv7ations, agree~nents,
conditions and covenants in u~d promisswy nose and t1.is mort9age set fwth. ,
9. That in the evrnt she ownership oi ~he mortgaged premises, or any part thereof, becomcs vested in a person othe• than the MORiGAGOR, t1+e
htpRTGAGEE, its successors and zss~gns, may, wiihout r.otice to the MORiG~JR, deal with such svccessor w svcceasw in interest w~th reference to th~s
mOrtgage and the d°bt hereby sec~red in the same manner as with 1Jbrtgagor without in any way vitialing or d~scharging the Mwtgagors' liability hero-
under or upon the debt hereby secured. No se~e of the Fremises F+ereby mortgaged and no forbearance on the par~ of the IAORTGAGEE or its successws
cr ass~gns and no extens~en of the time fw. the payment of the de~~ h~~eby secured qiven by the A50RTGA.GfE or its auccessors w ass~gns, a`~all operate
~o re!ease, d~scharge, medify chann.~ or aifect the or"rg~na{ liao,l~ty of the MORiGAGOR herein, either in whole w~n part. ~
10. It is :peuf~callv agreed that ume is of the essence of th~s contract and that no waive? of any obl~gaf~on hereunder w of the obligatiun sr
c~red hereby shatl at any tiRre thereafter be he~d to be a waiver of the terms hereof or of the instrument secured herby_
11. In aod.rio~ to the iwego'ng month!y paymenrs of princ pa1 and interest requ~red by ihe prom;ssory no!e sec~red hereby, mor~gagor :ovenants
arid agrees to pay ro mo:tgagee with each momh:y payraent an add~~ional s~~n es!~~~ated bv mortgagee to be equal to 1;`12 of the annual cost of the foUow-
l~~g:
A-A? real property taxes lev~ed or aasessed agai~~st thc above descri?~d rea! estate.
If B-Fren:+ums on fire and w~r.ds!o~~n ~nwcarce as here~n .equ;~ed to be carried e~ the ~mrrove•neots s;tvate on the above d_scribed premises.
~ C-Premi~ms on svch mo~tgage g~aranty ir.wrar.ce as mor,gagee sha11 fioT t r..e to time deem fit to carry on the loan secu:ed hereb/.
~ Mortgagee sha:f frem t~ ne ro t~me notify mortgagor in wr:t+ng of the amo~~t due and payable hereundx and such surn sh~l1 thereupon be due and
;~yable on ~hr due dare of ~he next mo^th:y payment and each successive month thereafter ur.tii matgagee shall notify mortgagor of a change in such
' ~•-~oun1. Suth wms shail be appiied by mwtgagee toward the payment of real property tazes, insurance prem.ums, a:tid mwtgaqe guaranty insurance
~ n~emiums.
IN WfTNESS :VHERtOf, the sa;d MORTGAGOR has hereunto set his hand and seal thr day and yea~ (irst ,afwesaid_ / ~
~ Seal an livered ' the p~esence of: I / ~ i / ~
S ~ / / ~~L-~L ~~~I i . i ($eai)
~ _ ~ _ ; ~1 illiaa C. Kn Ck ~~aq
; ~
~c ~.a,~ 1~4 c- ~ _._a
~ {SeaO
~ Blanche Knuck cs~aq
STATE OF~Ik Rlozida 1
~lt~L' 1 ~
:OUNTY OF
Will iaa C. Knuck . ~ ~
Befwe me perwnally a ared , a^d
~anche 1Cfl11Ck h~s w~te, to me we1l~'knb~.~~wrd'RnowA to'~ to be
rnr individuafs described ir, and wFu~ exetuted the foregoing instrument, and ackreowledged before me that they execu`talt•t~e~+e foi'.the p~uposes
rherein expsessed. And the ~~~J Blanche K,fl11C~C = L.; C~
r,ife of the said _ Wllild= C. KlIl1C~C _ ~•.~~p~f~ ar~priwte
e.am~nat~on by me saien xparaw and apart (rom her said h~sband, acknowledged fo and before me that she exec~to~xa~d i~rwrfe(p y ~ed volup;.:~
~ar~1y and without a~y compuision, constrairtt, apprehens;on, or fear of w from i~er id h~r~J. : r=',++~ .
~ WITNESS m/ hand and offic~al sea! this day of ~YU~ y~~~~ !4t'A~L9
7~_
~ ~
l..~ • - ' _
- - Nctary Pubtic in and for the State o~ Florida.it lalge
My Gommiuian eapires:
Retum To:
% . - - . .
y~ Fint Federal Savings ~ loan Associat+on :i;,. CIh::. 01 Ft~k;i,,:
~ ~if iOrf P-~.:C?. . ~ i . ~J :4n~( 7~
iort P;•_rce. .'Ior~Je FIL~G +ty: r-F_
~c ,Si. LUC"_" ;;J~N~If f~.
~ ROCc~~. ~•_NT~1$ i
CIERR!,' ~1
This Instrument Prepared By J. N. Roberts, Jr. R~~'~"? Y{"' ~f~ L.
~ First Federal Savings & Loan Association
of Fort Pierce , Floz ida ~ 6'~ 1{~ Ni7 ~?3
Checked By 249082 -
aooK 211 PJ1Cf ~.899
is
s, ' - e - - - ' - - - - T~-_ _ ~
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S'~"`FN- : yr ~ ~ ~ _ _ ~ ~ ,~J.,'a,'.
~ s .a 'yP. ~ , i . .-.t~ . , . f -'i _ ~ °:e