HomeMy WebLinkAbout0395 J. To p~ac~ a~d continvocsly kccp a+ Ihs !wi!dugs now a her~~ftEr ?,twt~ a? ~~td Iand ~nd on .t: rquipmfnt ~nd p~rwndl~ cov~r~d by ~h~s mw~
p~, wi~h dl premi~ms ~Fwrcon pa,d in lull, hre ins~r~nce ~n ~he uswl ~~~nd~~d polKy 1Wm, in ~ wm approv~d b~ th~ MORci,AGEE. ~nd w~nd~~a~n
IIfWlMC~ M ehe usuai ~f.ndard pol:<y fam, in a tium •pp~ov~d by t!» MORiGAGEE, in wcF~ comP+~Y a~a^P~^~n u ~M MOQfGAGEE ~r ~
dinttt ~nd all (ir~ •nd w~nJsiorm ~nsuranc~ polK~es on any of s~~d bu~W~nps. ~ny inq~~~t th~re~~ w pa~t therwl, in ~he Wyr~y~~~ w~n ~f«~ud w
I~ ~ac~is ihcrcof, iMll con~ai~ ~M uiual iundard mw~9pee cl..uw a fuch o~M+ cl~uf~ ~s IM Malqaqe~ may r~qv,r~. mN~np ~?w ~ws u~r ~•~d pdE
ciq. Nch and way, paYable to sud MORTGAGEE a1 ~If iNer~~t may ~ppear, •nd each ~nd •vsry ~~ch po1~:/ ~h~ll b~ p~ompfly •~syr~d ~~d d~lnaed ~o
~ny hald by said MORiGAGEE as fu~ther sccurity to s~id mw~yags debt. •nd, nW Itu ~ha~ ten (10) d~y~ in ~d+a~K~ oi ~h~ e¦w~~~b^ o~ •Kh Policy, to dr
liw? to said MORTGAGEE ~ r~newal thereof, IopeihN w~~h a ret~~pl for the pt~mium of avCh ~eMwal; ~nd ther• ~Mll tx ra f.~• o~ w:~uf~~o~m inwr~nc~
placad on any of said bv+idinpf. ~ny imeretl thertm o~ pat therco(, v~lrss in tik form ~nd with 1M bs~ p~Y~bi~ as •lort~~«!: u+d '+n th~ •r~nl ~ny Wen
of maHy becomes payabla under such policy a poGues i+id MOkTGAGEE shall h~w ~h~ op~~on to ~ecc~va and •pp~y the N~M 00 ~CC0~1~1~ QI ~M ind~b~ed~
nsu fccured he~eby w ro permil said MORIGAGORS to rcteive •nd ut~ it a any Ne~t tl~ereof Iw o~1~.~~ FVr~.oSrf. r.~11.~,.it ik u~ na~r~ cr nnpou•
i~p any eqvity, I~en w.ight uncier a by virtue of this mortpage; ~nd in IF~e evenl. aa~d MORTGAGORS fhatl Iw ~ny r~awn f~i1 Io keep the f~id peR+~~~~ w
in~u?cd, o? fail to deliva p~anpfly ~oy of seid policief of insuranc~ to se~d MORIGAGEE, u f•~1 promptly to F.~y fu~ly ~ny p~em~~m therofw a in any
r~spect feil ro pa(am, d~schuge, execure, e(F~ct, comptete, comply with ~nd •bid~ by thii coveoam, a~ny peil f?ar~of, ~•~d MGRTGAGEE may pi~ce •~~d
psy fw ~uch iniuiancs a any part thereof wi~hout w~iviny or aiiectinp aoy option. lien, eqvi~ti, a ~~yht under o~ b~ vu~w of ~Lis Ma~qpe. ~~d fhe
tull artw~nt of each ~nd ev~ry ~uch payman~ fhall be imn~i~tely dw and payable ~r.d ~haU t,ear intueit trom ~M da+~ thereof ur~~11 p~~d at tM ra~~ ol
nirK per tentum per annum and to~r~her with such inte~e~t shall be sewred by the li~n of thif mort9age.
1. To permit, cortunit ot su(te~ no waile, impairment w deterioration of said property w~ny part thersof.
S. To pay all and sinpular ths costs, chargei and expenses, including • reasoneble ~ttorney't fce and cost• of abs~~+df of ti~le, intun~d a p+~d a~
eny time by said MURTGAGfE, betaux w in the event of the failure On the parl of the taid MORTGAGOR lo duly, promptly ~nd (~ily ~rlam, d~uhup~.
execute, etfed, complete, comply w~lh and ab~de by each snd every ths stipul~t~ons, ag~eements, conditions, ~nd coven~ms o1 w~d ~uom~~wry not~ ~nd ~hif
matgape ~ny a eithe~, and said cosn, tharges and axpensef, exh and evmy, shall immed~ately dw •nd paysbk; whe~Mr a not ~Ae~• be nonce dr
m~nd, attempt to collect w tuit pend~ng; and the full a~nounl oi exh and e~ery evth payment shall be~r in~er~s~ irom ~he d~t~ thereol un~il p~id the
rate of nine per tantum Exr ann~:n; an~ all said costs, charges and expenses inturred w peid, foge~hrr wOh ~uch intertst. ~h~~l b~ s~cured by the I,en o} /h:~
morfp~p~•
6. That in the evenl of any breach of this 1Nor~gage w defaull on tM part ot the MORiGAGOR, a(b) in rM eve~.t ~ny o/ u~d sums of mon~y
he~ein referred to ba not promptly and fully paid wi~hin thirty (3p) days next aiter the ssrne aevera~ty becoms dut ~nd payablt, w~tiau~ d~m~nd a no?~.
or (c) in the evenl each and every ~he stipu~ations, agreements, cond~tions and covenants of sa,d promisw~y note aw! fh,s morlp~qe any a e~ther ae nol
~uly. PrompUy and iu~ly performed, d.xnarged. executed, effected, comple~ed, comp~~ed w7fh and abided Sy, then in edher or •ny wch weM tFw u~d p~
gregate sum msntioned in ssid prom~ssory note then ranaininp unpaid, witA inte~est sccrued, and alI money~ setured I~ereby, aM11 baco.r~e dw ~nd pay~
able forthwith, o~ thereaf~er, a~ the opt~on of sa~d MORTGAGEE, at fully and comple~e~y as i( ali o) fhe w~d sums oi money were wp:n~~ly tt~pu:aied
to be paid on such day, anything in sa.d promisswy note or in this Morlgage to the contrary notwithstanding; arxJ therevpon w therealfa~ ~t the op~~on ot
sa~d MORiGAGEE, without notice w demand, s~it at law or in eqvity, therefore or thereaf~e~ begun, may be prasrcutcd ~s if ~II monays a~tur~d hneby
had matured pnor to rts instituuon.
7. That in the event that at the begi~n~ng of a st any time pendirg any w~t upon th~s /1Fa.~gage, a to lwettwe it, w to refwm i~, or to enlwu
paymem of any claima hercunder, uid MORTGAGEE shall apply to the Court having ~ur~sd~c~~on tlxreol for ~he eppo~o~menl of ~ ROCCirN, wch Cwn sha11
forthwith appoint a receiver of u~d mo.~9ayed aope.~y all and sengul~r, includ~ng all and t~ngular the ~ncane, profdi, nsves and revenues fran wh~t~vp
source derived, each and every ol which, it belnp expressly understood, is he~eby mo.~gaged at if ayec~4~ca11y set lonh ~nd desuibed in ?M 9~uNinp u~d
habendum dauses hereoi, and such Receiver shall have atl the broad and e~(eu~ve fu~c+~ons end powen in anyw~se entwst~d by • Gou~t to ~ Receiver, ~nd
t~ch appoimment shalt be made by such Court at an admitted equify and a mat~er oi •bwluro r~gM ro s+~d MORiGAGEE, and wi~hout r~fe?enu to tFv
adequacy or inadeqvacy of the value of the property mwtgaged or to ~he w~vency or msulvrnty of utd AAORIGAGOR or the defe~dams, ~nd th~f ~uch
renrs, profits, income, issues and revcnues shall be appl~ed by such Receiver accard~ng to the lien a equit~ oi aaid MORTGAGEE and the pr~ct~u o( such
Court. -
8. To duly, promptly and fu:ly per(o~m, discharge, execute, effed, comple~e, comply with and abide by each and erery Iht stipulatio% ap!t+~nema,
c_~ditans and covenants ~n sa~d promissory nore and th~s mortgage set fwth. ~
9- That in the event the ownership of 1Fw mo~tgaged premises, o~ any part thcreof, becomes vested in s penon other than ?he AAORTGAGOR, tl+~
MORTGAGEE, i~s successws and as~~gns, may, w~~hout r~o~ice to the MORTGAOR, dea! wrth such succ!ssor or successor in inttrest with roference to this '
mortgage and the deot hereby setured in the same manner as with Mortga8or without in any way v~ti~ting p d~xha+g~ng the Nbrt9+9a~~ ~~~~~Y
ur.der or upon tFw debt hereby secured. No sate o( the Frern~ses he~eby mortgaged and no Forboarance o~ Ihe pa~t of the /AORiGAGEE or iri successon
or assigns and no exre~sion of the t~me iw ~he payme~t of the debt i~e~eby secuf~d g~vrn by the I~IURTGtiGEE or ~ts -succeswrt a~ss:sns, s}rIl opn~w
to release, d~acharge, modify change or affect the o~~ginal liab~iity of fhe MORTGAGOR he~ein, either in whoie w in p~~t.
10. It is spec~~ically agreed fhat fime is of the essence of this contratt and that no waiver of any obl:g~twn hsrew~de~ o~ of the obliyation N~
cured hercby shall at any lime thereaiter be heid to be s we~rer of the terms hereol or of the i~~strurtsem secured herby.
11. In add.t.o~ to the forego'ng monthly paym~nts of p.inc pal and inre.es~ requ~~rd by the promtswry noie aetur%d her_-b/, r. ~rt~r~, or cpvenaros
and agrees to pay ~o mortgagee w~th eath monthly pa~rr.~nt an add~~~onal sum rsf~~.a~ed b/ mwtgsgee to be eqval to 1;' 12 of the ann~al cost of t6e fdiou-
inq:
A-AU real propert~ taaes levied o. asussrd aga~•~st ti+e sbove desvi~rd re~l estata.
B--Premiums on f~re and windstorm insvrarcr as herein reqv:red to be ca~r.rd cn the ~mp+ove*neMS •~tuatt ~in the sbo~e dai~~+bed pttmifH.
C-Premiutns on such mortgage guaranty 1r.sura..ce es mortgagee sha+l from t~me to tKne dtcm fit to carry on th~s ban fetvred hrreb/.
Mortgagee s!~a~l <.rom time to rime norify mo+tyagc• in writ~ng of the arr.o~nt due and payabk hereunder and such su:+• shail therevpor? bt due and
I Fayable on the due date of the next month~~ payn,ent and eech successfre morrth there+ffer ur.til mutgagee shafl not.fy mortga*aor of • chanye in wtb
' amount. Such s~ms sFzli be appGed b~ mortg~~~e toi~a•d tne payment of frai pro~,e.ty ta=es, ~murance prem.ums, e.~d irwrsgsqr yuuamy insur~rsce
~ p~emiums.
IN Y~ITPJESS YJHEREOf, the said MORTGAGOR has herevnto set h~s har.d and s~al the dey md yr+~ f"us! ~~ores~id.
' ned, Sealed a deliv i~ the presente of:
~
?
r n H es
STATE OF fLORIDA
COUNTY OF St. Lucie ~ ~
Befae rt+e persona!!y appeared Hvward H. Hughes
Mary Lou HUl~1~ S • his wi~e, to me well known ,~+e ~.o.~ +o .x w a~
tne individuals deuribed in and who executed the foregoinp instrumerN, ~nd xkna+r:sdged befae me that they e:ecuied the same Sw ths pwpose~
the~ein expressed. And the said Mary Lou Nughe s -
w~r~ os ~~d Howard H, Hughes ~,~o„ i„a:~~ i~s or~w
examination by me taken separate and apart fram id w~kdged to and bcfwe me th~t she enscuted sa~d instru`*~t-fre~tl~,~wi~wo/v~~
tarity and without sny computsion, constroint, a e f w from her said hvsband. ~ '
WITNE55 my hand and offiual seal th~ _ ~day of rC ~ 7s'.t
t ~ y
' 'a' ~ _
r'~,~~ Notary Publi[ in a+d for t?x St~tc af Fltl~i~.~ Lryt ~ i~%
RAy C.omrn~ss+on e,cpi.es: . 1V~~
j S„~-
Return To: % ' •
~ ~
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Fint Fede~al Savinys 6 Loan Assaciat.on , ~Y,y' , •1 ,
' ~::1:. Si.. - .
~ Of fart P erce. :Y ;',j~= ~T~ e! f~'"""9f~A ~ ~ ~i~'•, . . ae•
'~3'j tx~°=E; ~ ~ r~. 7: 1
fort P~>rce, Fior;da ~tG 8/ tl~;tr~n ~s.:?:~:t f-~_:e:.:.E (;O.
~ ~s}
This Instrume~t Prepared By J• H, Robelts ~ Jt . ~ftl
First Federal Savir s b loan Association
of Fort Pierce , Florida ~f~~~~~~ ~l
Checked By ~ ~ Q7 ~ ~T3
~~~?x212 FaGf 395 . ;~:~.40 s b
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