HomeMy WebLinkAbout1903 To p!a,-~ and :oni~~ww,~Fy keep on ehe buiid~ngs nuw or heicairer s~tuete on sa~d Itnd u!.~ on a~l eq~ip~nant •nd personatly cavrred by ihi~ matg-
=9~, wiih ~!I prem;~n:s ?herow~ pad ~n full, f~re insuro:~te in tha ~s~~at s~a~xis~d potity fo~m, in a ~um a~woved by ~h~ MOR~:AGEE, and w~ndatorm
~nswu?c~ in sM usval sranda.d po::cy fam, in a aum approved by tMe Aik~RTl3A afE, in t~ch eumpent w canpan:es as ~ht A~ORTvAGEE may
dtrec~; ~nd at~ (;r~ and w~ndsrorm ~nauronce po~K~es on any of sa~d lN~~d.ags, •ny i~tereet tt~an w part thzreof, m tM aggregs~e wm atae~a~d w
in excess ~hereoi, ~hall ca+iain i'.~ usual standard mar9agre cfause o~ such otha dause as il+e Mo~tgagee n.ay rrqu•rs, mai.ing the ~oss undr. ~e,d Qol~
_~rs, trch and every, payabk ro ia~d A~JRiGAGEE as ~ts inierru may appea., and c~ct~ and e~err s~ch poticy shall ue promptlY ass gned o+~d de:~Y~r.:d ~o
eny hetd by sa~d MUR~GAGEE aa Funhe~ secu~ity w sa~d mw~gage daDt, and, not less ~~ian ten i10? days :i ad~once oI rhr exp+ra~:o~ of each polity, ~o de•
l~v~r to siid MORJGAGfE a rtnewal lhereof, ~oQethe~ witA a rece~pt for Ihe p~vm~um of suth renew•:; and ~6rre shatl ba no f,re or w~ndsto~m insurance
Pla.ed on any of u~d buiid~~+gs, ~ny inrere~l ~hrrein or parl the~eot, unle~s in the form and w~th ~ht loss paya4le as aforesaid; and in the event any ium
of mpnsy yeconks pa~abie under sucA poticy w po!Kias iaid h10RiGAGFf shall have the opt~on to rece:ve and appty Hw same on accounr of ~he indabtrd-
neu secu?ed her~by or ro pe~m~1 sa~d MORiGAGORS to receive and uae it a any part ~herro( iw o=i~r~ purt•~srs, ,v~~ho~: ~h:n;:~ .t;;.~.,~ ~~np„u-
~~+g aay purty, lie~ or r:ght c-,dc. u by vir~~,e o~ fhes no:!gage; and ~n ths even~ ia~d MORiGAGORS sAa!! fw any reason fai! ~o keep ~he sa~d premlaes so
inau~ed, ~r fail fo deliver promptly any of said poiicies of insurante to sa~d MORTGAGEE, w fail prcmptly to pay fully any pren•~uni thcreto~ o? in a~y
respea fail to perio~m, d~scharge, exxuee, effect, camplete, canpty wirh and abi~ by this cevenanl, w any par~ hareof, sa~d MGRiGAGEE may p;ace a+•d
PaY (o? such insurance o~ any parr thereof w~rhout waiving a sifectirg any option, lien, equ~t~, M righf under a by vir~„e of ~his Moreqage, and the
fufl ama,n~ of each and evcry such paymenl shall be ;mmed~ately due as+d payable and shall bra. inte~est from tFe date fhereof umit pa~d at the ra~e ot
n~ne pe? cenrum pet an~um and to~ethar v.ith such in>cr~st shae~ be secured by the iiea oE this mortgage.
io permit, commit o~ suffe~ no waste. impairment or detrrio~a~ion of ia~d prope~ty a any part thcreof.
5. To pay aN and singvlar the coits, tha+ges and expe,nses, ~nctuding a reasonabte ai~orney's fee and costs of absaacts of ~itle, incurred o~ paid a~
a~y time by sa~d MGRTGAGfE, because or in the ever.t of the fa~lu~e u+ the pa~t of the said MORTGAGOR ro duly, p~ompNy and fv~ly pe~form, d~xharge.
exz~cute, ef(ect, complefe, comply w~~h ar+d ab:de b~ each a~tid c:e~y the stipu~anons, agreements, cond~r~ons, and covenants of sa~d pron,issory note and th~s
mortgage any o~ e~fhe~, and w:d costs. chargzs and eapenses, cach and every, shali be immediately due and payable: vrhethcr w nat :nere be noTice d~
mand, at'~rnpt ~o cotlec~ or suit pend.ng; u~d the (v:l atnount of each and eYerjr such payment sFa!1 bear inrerest from the da~e thereot unti! paid at the
.~re of nine pe~ crnrum µer a~;nu:n; ar~ all said costs, charg~y and exyenses ititurred w pa;d, tpgethtr .v~th svih iNaest, ahall be secu:ed by the lien ot thi~
mortgage.
6. That (a) in tAe eveM of any breach of Ihis Abrtgage o+ default on the part of the MORTGAGOR, w(b) in the e~•ent e~y of satd sums of money
herein ~eFer~ed eo be not pro~nprty and fvlly paid w~~hin ~h,~ty (30) days next afte~ the same severatly become due and payable, wi~hout demand o? no~ice.
or (c) in tM event cach and every the stiptiations, agreert~nts, cw+d~fions and covenants of sa.d promissory note and th;s mortgege any w e~tfx~ are not
i~ly, prompdy and fuliy performed, d~uharged. ,exctiuted, effecred, completed, comp;~ed wieh and ab~ded Sy, thrn in e'uhei w any such event Ihe sa~d ag
~~egate wm mentioned in sa~d pro~~~ss~y note tixn remaining unpa~d, with interest accrved, and afI rconeys setur~ F~ereby, shatl becomr due a~d pay-
ab'e fwthwith, or thereafte~, at the option of sa~d MORTGAGEE, as fully and cornp;rtely as i( al( of the said sums of money were or~9inatly st~pv:ated
ra be pa+d on svch day, anything in sa:d prom:sswy rwte w in this Mortgage to the contrary notwithttan,:.~y; and therevpon or thereaFter a~ the opt~on of
sa:d MORTGAGEE, w~~hout no~~cs ar demand, suit at law or ~n eqv~ty, thereFwe p thereaiier begun, may be prosecoted as if all moneys secured• hereby
nad matur~d pnor ro ds instisutwe.
7. ihat in the event ?hat at the beginn~ng oi p at any rime pend:ng any wit upon th;s M.o+tgagc, w to foreclose it, or to ~efwm it, w te~pn(orce
paymenf of a~y claims hcreunder, said A10RTGAGEE shali apply to the Court hav~ng juresd:c~~on thereof for ~he appo~~tmen? of e ReceiYer, such Cwrt sha11
fcrthwith appoint a rKeirer of said mortgaged property ati and singu7ar, incli:d~ng all and singular the income, p~utr~s, issues and ievenues trom whatevcr
s~vrce derired, each and every oi .vh:ch, it being expressly undersrood, ia hereby mortgaged as if speufically xt iorth and deuribed in the grentin~ a~d
hjbendum clausea lxreoi, and such Receiver shall have all the b.oad ~nd effect~~e funa.ons and po,n~en ie anyw~se entrusted by a Court to a Rrceiver, and
z~ch appoinrrnen~ shaJ! oe made by svch Court as an admirted equity and a mattc+r of absolute nyht to said NtORTGAGEE, and w~shout reference to the
adey~acY or :nadeouacy of thr value of the p~operty mortgsget! er to the sodvency or ~nsolvency of sa~d ttiORiGAGOR a the defzndants, and ~hat svch
re•~rs, profih, incorne, issues snd revenues shail be apptied by such RKeiver accord~nq t0 the lie~ o~ equity of said MORiGAGEE and the prattite of Such
Court.
8. To duly. promptly and futly perform, discharge, execute, effect, complete, comply with and abide by each e~d every the stipu:atio~s, agreemems, '
ccnditions and covenanrs tn sa~d promissory note and rhis mortgage sat fa1h.
9. That in the event the owncrsh:p ci ~!+a morrgagc~ prem;us, or any part thereof, becomes vested in a person other fhan the SAORTGAGOR, the
r:.ORTGAGEE, its avccessors ar.d assigns, may, wE:!wut no~ice ro tne ^PIvAOR, deal with such successor- w successor in interest with refereoce to this
mo•igag± aruJ the d~b~ hereby srcured in tht same man~er as with fAortgaga w~tfUUt ir. any way vit:ating p dxharging the RMrrgagon" tiabiLry he~e~
under or upon fhe debt hereby secured. Na sale o! the prem~ses hereby mo~tgaged a: d no forbearance on the part of tFu MORTGAGEE d its success~s
or ass~~ns and rw e<te~von of the tirne for the paymrm ef the debt hereby red given by the MORiGAGEE or its Successors w au:gns, a5a11 operate
ro retease, d~scharge. mod~fy change w affect the or~giaal liaudrty of rne MORIGAGOR herNn, eifhe~ in wbolt or in part.
10. !t is spec~fically ag~eed ~har Gme ;s of fhe essence of shis contract and that no waiver of any obttgat~on hereunder a of the obligatan sc
cured hereby shali at any timt thereefter be held to be a wairer of the terrru hereof or of the instrurnenl secured herby.
11. in add;tio~ to the foreoo:ng .rwnthly payments of pri~c pal and inrerest req~hed by the promtssery no!e secured hereb~, mo~tgagar covenants
and agrees ro pay ta mo:rgagee :~~rh each mo~rhly payr,~ent an ac.+d~i~ona! sum ,sr.mated by mo~tgsget to be equai !0 1; :2 of the annual cost of the foliow-
A-AI: real pr~.ty taxrs levied o+ assessed aga~•,st th: above descri~d r~al estate. .
6-Prem;ums oR i~re and windsro-m ~nsurar.ce as 'r•.~;re~n roqu:red ~o be carried on the ir,:proveme~ts s~tuate oo th~ at?ove d~scribed premises.
C-Pre~nlums on such mortg;ge gua+anry inswa~.ce as morrg~ee shaA irom t~me to rime deem i;t to carry on the loan secured hereb~r_
Morrga~ee sha:l from i~~r.e to tin,e r.onfy mortgagor in wr~t~~g of th~ arrount due and payabte hereunder and such sum ~hail thereupon be due and
:~~abte on the due da~e of ~he next month:y paym~nt ar.d each svccessive monrh thereafter ur,til mortgagee sha!I RGhEy mortoagor of a change in such
~-~,o~nt. Such surns sFail }x app~ied by mortq~~~e toward the pa~nen? of ~ea! preperty taxes, insurance prem:ums, a~xl mo~tgage guarar.ty insurance
a•em~~ms.
IN WITNESS Y.'HcREOF, rhe said MOQTGAGOR has hereu~to set his hand and seal th- day and year first aforesa" ~
Signed, Seale.i and detivered jn the presence of:
fi c ~ SdYeZ ~ ~n
~ , (Seaq
. . -
' ~ /r ' - _ Ve1IDH tSeaq
. Sowerby ~a~
SiA7E Of FLORIDA ~
St. Lucie ~
COUNTY OF ~
Before me personally app-ared ~orge Sowerby, II
and
- Vel~ A• SOwlZby his wife, to me we!! known and known to me to be
' :he irxlividua!s descr~bed in and who executed the fwegang instrument, and acknowledged before me that they executed the same for the purposes
~F~e~ein e:presaed. And the sai ~elma A• $O~E'ZbS/
N:'e of fhe said George So~rerby, II upon a uparate and-private
:.am~nat~on by me ta(~en separate and apan irom Aer said husband, acknowtedged ro and before me thar she executed said instrument fr~1y and vOJvn-
'e+~Iy and w~thout aoy compuision, cons~raint, ~pprehens:o , w fear of or fr er said hvsband_
W!?NESS rr,v hand and official seal this_ ~?'IaZC
day: of A.lQ. 19 73
/ , ~ ~ ~ Ll ~ -C. l 2i
-ti` t
. Notary Pu6Gc in and for the State of ~'da ~
~ My Commission tapires: NpTARY ' IC. SFAfE 9~(p{~A ~rppGE
Return To:
first Federal Savings b loan Association ~~~~tij~C~~(P~i~tS {?£L. ~ 1Q75
;t..nOrd T~~ul:r'r~l In_arap~'1Jn:.lT~,;Ql.
Of For~ P:e:ce. 7
_ - n ~
Fort F:erce. Ncr~d3 ' J • • '
fI1fG.:M~~EC~RDEP ~•%:j~~*'
ST. LU~!~ ~~UM?T RJ1. `
RaGE R F'c)ItR#S t ~ ~
This tnstrument P~eparec! 8y John W. Collinf CIE~K ~i~;C~!IS COYRT
Firsf Federal Savings ~ Loan Assouation RECORD Yf=~=ic0 J
of Fort Pier.e~ Flozida ~ c'o a~y
v r~
Checked By ~5
g~aK21Z ~GE~.901 249083
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