HomeMy WebLinkAbout1905 9. To p~act arcd con~inua,sly keeF on ~he bvi:d~rgs now a herrsiter ~;t.ate an sa~d la.~d ~nd on ali rg~lp,~.ent arr~ perso~al:y co~er,:d by th~s mo+tg-
p~. w~~h ell prcm~u~ni ~hereon pa~d in ivit. f~re Insurer..a ~n ~M :.swl sucxlaid pa~cy ~am, i~ a s~m aµp+oved by the A\ORIGaGE! and w~nda~urm
inwranc~ in ~M wwl srandard policy fam. in • sum aPao.cd ty ~M MORTGAGEE. in iuch canpany o~ compan~e~ as ths .~tORiGAGEE may
d'u~ct; and all fire and w~ndsro~m insurance poi:t:as ai any of sa~d bu~td+nps, ~rty int~rest tl+e~e~n or pa~t therecf, in tF?~ aggreg~~e sum cforesa~d or
i~ ~xtes3 IF?ereof, iluU contain the usua~ standard mor~gagt~ c~~usa or such othet cia~se as Iht Ab~~~agre ~~ay ~cqu~r~, ma?~~9 ~?~e ~a~s undt~ se~d po~r
cies, each and every. payabte ro uid :~1JRTGAGEE as ~~s iaterrs~ may appea~. +nd each and evay sucfi poi;cy shetl be p~ompuy ass gnrd a~:d de~~vrrrd ro
~ny held by sa~d MORTGAGEE ~s lwtlrr se:u~~ty to sa~d ma~gage dcb~, and: not les+ ~h+n tea !~J) daYa ad~a~xe o< <F+e expirenon of e~ch p~GCy. ~e ds-
I:vt~ ro said MORiGAGfE a ra~rwal tl~ercof, toge~ha witA a receipt for the premSum of such renrw~l: and ~ha~e shall ba no fae or windsta~n i~~v~a~ce
pl~ced on any oi said build~ngi, anY inte~est the?e:~ or part thereo(, vrt~ess ia 1M (am and with 1h~ Iou paya6ie as aforesaid; and in the even~ a.~y sum
of mwky becomes payable urxkr au=n policy o~ po~rc:ea said MORTGAGEk shall have the op~~on ~o rrce~•.e a,~d apNty iha same or+ a:coum o~ tAe i~xlabf~d
neu secured her~by w 1o pe+m:t said MOR1~iAGORS to reteive sud uss it or any part the+rol fw oti~cr purF o:rs, v.:~h~,~t th u~ ~~~~P~~~-
i~g any equ~ty. I~cn or rignt under w by v'utue of this mo:tgage; and ie ~he event sa.d MORTGAGORS sha!t fa any re~son iail to kcep tFx sa~d p?em~srs so
insuted, or fail to dcSiver aron~ptly eny of s~id pol~cies of inaurance to sa~d MORiGAGEE, o~ fail promptly to pay fu~ty any p.-e~+i~v-n thereftr or in a~y
reipect fai! 1o periwm, d~scharge. eaecute, effeu, comy~lete, comply wirh and abide by this cove~ant, a aoy uart hrrcof, sa~d MORiGAGEE may piac~ a~~d
pay fw such insurance or any part thereof w~thout waiving a a(Fectin~ any option, lien, equ~ty, or r:3ht under or by v~rtve of ~h~s A1aT9age, and the
f~ll amouot af each and r~ery such payment shall be ~nxnediate!y due and payable and shall bear interest from fhe date thereof un~il pa:d ai tt~e ra+e of
n:ne per cenr~m per annurr ar.a ru~eihrr w~fh svch ineerear shali be secwe,i by the li~e of this mo+tgage.
4. To permit, comn,et or su(tr no waste, impairment w deteraration of sa~d properry w any parl thereof.
S. To pay all and singv~u the costa, charges and expe~ses, includ~rg a reasonable sttwney i fce and cos?s of abi~~acts of t~t1e, iocur~ed o~ pa~d st
ar.y timt by sa~d MORiGAG~E, because a~~ ~Fu e~ent of the fa:lure on ~he part of the seid MORTGaGO~'t lo duly, p~omptly and fully periwm, d+xharge.
execcte, etiKt, complNe, comply w~th and ab:de by each and every the stipu!a~~ons, ayrerments, condirlons, and covenams of said p~o~n+sso~y norc and +his
mptgage any or e~~her, and ~a~d cosrs, charges and e,cpenees, each and every, shatl be immediately due and payable; wheiher or not ~here be nor;~e dR
rr.and, sttcn.pt ro collecl w au;t pend~ng; ar?d ~he full amovM of cach and e~ery such payment shall be:.r i~terest from the date thcreof until paid al the
rare of o~rte ~r cenrum prr anuum; afw' all said costs, chargrs and e:penxs irtwred w pa~d, together w:th such interest, shafl be secured by the tien of th~s
mortgsge.
6. Ths~ (a) in ~he evmt of any Ixeach of this Mortgage or detsul~ on tl~ part of the MORIGAGOR, a(b) in the evem any o~ sa:d sums of money
herein referred to be oot p~anpdY and fully paid within thirty (30) days ne~~ afte~ the same severatty betome due and payable, wethovt dcmand a not~ce,
or (c) in the eve~t each and every fhe st~pu:auons, agreements, condifions and covensrtts of sa.d p~omissory note and th~s mo~+gage any or e~ther are nut
~uly, promprly and iuNy performed, d.scharged, executed, e~fected, completed, compiied w~th and ab~ded 5y, lhen in e~~her w any such event Ihe sa~d ag
qregate sum mentioned in said promisswy note then renaining unpa~d, with interes~ ac:r~ed, and all moneys setured hereby, shall become due and pay-
eb:e futhw~th, a therrafter, at tFK opr~on of sa~d MORiGAGEE, as tulty and comp:e~ely as if ail of +he sa~d sums of rr.oney ~.are a~g:na~ly st~p~.ared
to be pa:d or. such day, any~hirg in sa:d p~o:n~sswy ~ote o+ in this Mo.tgage to ihe comrary norwlthstand]~~g; and ~hareupon or thereah~v a~ ~he op~~on of
saed MORTGAGEE, without not~ce or demand, s~it at lav~r w i~ equity, therefae or thereafter begun, may be prosetuted as if all moneys secureo hereby
ned matured p+~or to its iastitWion.
7, That in the event tha~ at the begi~n~ng of or at any ti.ne pending any su~t upon this Matgage, o~ to foredose it, o~ to reform it, w to enfwce
payment of any da~ms he.ewndrr, seid MORTGAGfE shaH apply to the Covrt having jurisd:ct:on fhereoi (ot the appo~ntment of ~ Rxeiver, such Court :hail
Fc,rthwith appoint a receiver of said mo~tgaged property aIl an~ singufa~, includ~~9 all and s~nqu~ar the income, prof~ts, is3~es and reve~ves from whateve~
source derived, eath and every of wh:ch, it be+~y express:y under:tood, ~s h.ereby mortgagrd as if specifically set fwth and described ir. the g~aming and
habendum clavus herz~of, and such Recriver shail have at! the broad and efiect~ve funct,one a~d powers in anywise entrusted by a Cwrt ta a Recaiver, and
s~•ch appoin~ment shatl be made by such Court a3 an ad+nitted equity and a matter of absotute r~ght to said MORTGAGEE, and witho~t reference to the
adequacy w inadeqvacy of the val~e of the prope~ty mwtgaged or to the so.vency or ~nsclvency of sa~d h10RiGAGOR u the defer~dants, and fhat svch
rems, profits, incorne, issues and rr+enues shali be appiied by svch Recei~er accord~ng to the lien or equ~ty oi sa~d MORiGAGEE and the praU;ce of such
Court. .
g. To duty, promQtly and fully perform, discharge, execute, ettect, complete, comply with and abide by each and every the stipuiations, agreements.
conditions and cevenann ~n u~d promissa~ nore and ~h;s mor~gaae set fwth_
9. That in the event the owrters?~~p of the mortgaged pre=n~ses, or any part thereof, becomes veste~ in a pe~sw~ other than the MORTGAGOR, the
.!ORFGAGfE, its svccessws and ass;gns, may, without rtorice to the M.7RTGAOR, dral wirh such successor or wccessw ~n inte~est with reference to this
rr,ortgage and the debt hereby securrd i~ the same manner as with Mortgagor w3thout in any way vitlating or d~uha~ging the Martgagors' liability herr
under or upon She debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the part of the IAORiGAGEE o~ its successors
or a:s~gns and no extension of the time fo~ the payment o~ the debt he.eby sec~red g~+en by the MORTGAGEE or its succeisws w au~gns, a7w11 operate
~o relea~e, d,scharge, mod~fy char.ge or affect the ory~nal Iian~l+ty of ~he MORTGAGOR herein, eithe+ in whoie or in pa~t.
10. It is speofica7ly agreed that time is of the essence of this contract and that no waiver of any o5~~gat~a~ hereunder ur of the obligation se-
cvred hereby sha'~ a~ any ::me thereafter be hetd to be a wa~~er of the terms hereof w of the inurument secured ~+Prby.
I l. (n add~!+o^ to the foregc ng monthty paym~nts o4 p:inc pal and ~nreres~ req~~red by the prom;ssory n. ~:.::•~ed hcreb~, mortgagar covenants
and ag~ees to pay to mo:tgagee v~ith each monr6:y pay,..ent an add~~ional s~ esf~~~ared by mo.tgagee ~o be equa: to l,f 12 of the annual cost of the fo!lo+~-
ing:
A-All real property taxes ~ev~e~ or assessed agai•~st th: a6ove descr;~~d real es'ate.
S-Premi~ms on fire and w~ndstorm ir.sura•te as ne:cin requ;red to be ca*ned o~ the ~mYroveme:~ts s~tvate on the ai~o:e d_scr;bed pre:nises.
C- Pre+o~ums on such mortgage yuaranty ir.surae:e as mo•lgagee s~a!! frc^.~ t~nx to time deem fit to carry on the loan secwed hereby.
I~ Mortgagee sha!I from time to time no;ify morfgagor in writ~ng of the amount due and payable heieunder and such svm shail thereupoo be due and
` ; aya5te on the du~ dafr of rhe next month:y p3ymen; and each successive menth thereaftcr ur.rii mortgagee shalt r.ot:fy morfga~or of a change i~z such
i .~:::ovm. Svch sums sha;! be app[~ed by mo•s9ag~e ~oward ti~e pay.nent of real property ta:es, insurance prem.~ms, a~~d matgage guaranty insurance
u ~ e:n~~ms_
IN v11TNES5 wHERFOF. the u~d MORTGAGOR has hereunto set his hand and scal the day a ar first aforeuid.
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~~Sgned, Sealed and d~vered iri'the preunc~ of: < <
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STATE Of FLORIUA 1
St. Lucie t
::OUlJTY OF ~
Before me persona~~y appeared Chester C. ~Id@fl a~
Yiraie B. CaZ~A his wife, to me wetl known and krawn to me to be
rhe individuals described in and who executed the fwegoi`'~ instrument, and acknowledged before me that they executed ~he same for fhe purposes
therein expressed. And the said Vizgie li . C8Y~t1
.~,~fe of tl+e sa~d C~St6Z C. CardEti s'~p~te ~ad private
~ eaam~nation by me taken separate and apart f.om her sa~d hw6and, acknewledged to and b fo~e me that sha executeei said iqi~rw[~:ni~fr~efy ~r1d voluo-
=_r•~y and w~thout any tompv~sicn, tonztra~nt, appre ns~n~/or fear of or fram her said hus nd ~ v _
WITNESS my harxl and effic~a! seal this- - _ day of ,r ~..~jt 19 ~3
Q~ a' ~
~ "`i ` -
~ tary Puotit in and for t atetdF'Flor~a Il~flar$~
~ Commission expires: ~ , ~ !Q ~ ~ .
Return To: ~ • " -
~ First ~eden) Savings 6 Loan Assoc~at;on 7 •
o= F~~, v ~«P. 3- .
~ Fort Pi.,.ce, ffcrida . ~'~rt•.~..' . .
fi1EG AltL h~C.KaEc
~ S<.LU+"•1E ~~uf~tT cft,~. !
~ ~t7E! r f•!: ~~7 l,
This Instrumeret Prepared ByJ• H. Roberts~ Jr. CIER!: Cil:- CGUR?
~ First Federal Savings & Loan Associatior pt~~Qt' ~r-~
of Fort Pierce , R lo zida? ~ -
~ ~ 6 i4 4z a~ 73
~ Checked By ~ 249p84
~
eoo~ 211 1903
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