HomeMy WebLinkAbout1346 To plac~ and continuo~sly ?eep on tFue twi:d~~~gs now a he~aaita ?iwst~ on said land and on ali equipmen~ ~nd p~~sonally co~ered by ~h~s mort~-
ag~, w~iA all premiumi ~hrrcon pa~d in tull, firc i~surance in ~hs uiud sundard po~~cy lam, in • ium appro~ed by the MOR(GAGEE, a~~d windstam
insu~uxe in 1he utual s~anderd po1•cy iw~n, in a eum •pproved by tM MORTGAGEE, in such canpany or cornpanies a~ ~M MORTGAGEE ~+++y
d~nd; and ~U fira and w~ods~orm insurance polrc~es oe? any ol ia~d bv~ld~ngs, any im~rei~ tFNrein w part thereof, in ~M ~ggrep~~e wm a(a~u~d o?
in ~aceu ~hereof, shaU contain ihe usval ~undard mo~~9~yte cl+vu w tuch o~M+ daut~ as ~h~ Ma~y+ge~ ~'~+Y ~Qqu~rt, ma~irg tM Ioss undcr sa~d po~i-
cies, each and every, payable ~o said A10RiGAGEE as its mtere~l may appear, and each and eve.y tiuch poucy shall be p.omptlY +ss y~ed •~d de~ivared ~o
any hetd by sa~d MORTGAGEE •s (urtAe~ stcu~ity 1o aaid mongagt debt, and, nor leu tMn ten (10) days in sdvance oi ~he expiratw~ of euh polKy, to d~-
I~ve+ to said MORiGAGEE a~~newal thereof, to~ethe~ wi~h • receip~ (a the premivm of such renewal; and there shall be ?a f~re or wuu/stoim insuranc~
plsced on any of said buildings. ~ny iniereit the~ein or parl the~cof, unlesa in ~ht form ~nd wifh IM lou psYabk as aioreu~d: and i~ ~M event any tum
of monsy becomes payable under such policy w pol~cies said MORTGAGEE ~hall have the opt~on to receive and apply the same on accounl of ~he indeb~ed-
ness secu~ed hereby o~ ~o permit sa~d MORTGAGORS to rective and use it d any part thereol for osnrr p~r~~oses, w~~hout th_.co~ ~wa~w~~~g o~ ~n,pa~r-
ing any equity, lien or r~ght under a by virtue of this mor:gage; and in Ihe even~ ta~d MORTGAGORS shall fa any'reaso~ fail to keep ~he sa~d premisri so
insured, w fsil fo deliver prompfly ~ny of ssid policies of insurance to aaid MORTGAGEE, w fail promptly to pay futty any pre~ni~m tF+erefor a in a~y
respect fail to perfwm, d~scha~ge, eaecute, effect, complete, comply witF? and abide by this covenant, a any par~ hareof, sa~d MORTGAGEE msy place and
pay fw such insurance w any part Ihe~eof without waiving w ~ftecting any option, lien, eq~ity, or right under w by vir~ue of thi~ Matgage, and tht
i~ll amount of each and every such paymenf shall be immediately due and payable and shall bear interest.lrom ~he date thereof u~til paid at the rate of
nine per centum per annum and togrthr~ with suth interest shali be stcured by the lien of this mwtgage.
1. To permif, commit or suf(er no waste, impairment w deterioration of sa~d p~operty o~ any pa?t thereof-
5. To pay alt and si~gula~ the coats, charges and expenses, including a reaso~able at~orney i fee and costs of abstracts of title, incurred w paid at ~
any time by said MORTGAG:E, because w in ihe event of the fa~lure on fhe part of ~he said MORTGAGOR to duty, promp~ly and fu11y perform, d~xharge,
execute, elfect, complete, comply w~th and ab:de by each and every the stipulatrons, agreements, conditions, and covenanri of sa~d promissory note and thii i
mortgage any w e~~he~, and u~d costs, chargea and expenses, exh and every, shafl be immed~a~ely due and payable; whether a not ?here be notice dr .
mand, attempt to collect w tuit pending; and the tul) amount of each and e~Ny such paymem shall bea? interest from the date thereof until paid at the ~
ra~e o~ nine per centum ycr anu~cn; and all said costs, charges and exixnses incurred a paid, together w~th such in~erest, shall be secured by the lien oi th~s
mortgsgs.
6: That (a) in the eve~f of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
herein refe~red to be not promptly and fully paid within thirty (30) days nex~ after ~he same severally become due and payable, without demand or rwtice.
or (c) in the event each and every the stipu!ations, agreements, co~d~tions and covenants of sa.d promissory note and th~s mo~tgage any p either are not
~uly, prompNy and iully pe.fwmed, d~scharged, executed, effected, comptetrd, compGed w~th and ab~dzd Sy, then in e~ther or any such evem the sa~d ag
gregate sum mentioned i~ said promissoi?• note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay-
abte forthv~rith, o~ thereafter, a1 the option oi said MORTGAGEE, as fully and completely as if all of the uid sums of mo~ey were orginally st~pulated
to be paid on such day, anything in sa:d prom~ssory note or in th~s Mortgage to Ihe coetrary notwithsta~ding; and thereupon w lhereaNe~ at the option of ;
said MORTGAGEE, without notice w demand, suit at law or in equity, thereiwe o~ thereafter begun, may be prosecuted as if sll moneys secured hereby y
had matured pnor to ds institution. "
7. That in the event that at the beginn~ng of or at any time pend~ng any suit upon this Mortgage, er to foreclose it, or to refwm it, or to enforce ,
paymeN of any da~ms hereunder, wid MORTGaGEE shalt apply to tlx Court having jurisd~c~ion thereoi for the appoi~tmem of a Receiver, such Court shall
Fcrthwith appoint a receiver of aaid mortgaged property al! and singular, includ ng all and singular the income, pro(its, issues and revenues from whatever
source derived, eacA and every of which, it be~ng expressty undersrood, is hereby mor~gaged as ii spec~ficaUy set forth and deuribed in the granting and
habendum dauses hereof, and such Receiver shall have aIl the broad and effective funcuons and powers in anywise emrusted by a Court to a Receiver, and ~
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wi~hout reference to the
adequaq a inadequacy of the value of the p~operty mortgaged or to the sotvency or insotver?cy of said MORTGAGOR w the defendants, and that such
renrs, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and fhe practice of such
Courf.
8. To duty, promptly and fully perfwm, d~scharge, execute, effect, complete, comply with and a6ide by each and every the stipulations, agreements, i
;
conditions and covenants in sa~d prom~ssory note and this mortgage set fwth. ~
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~
MORTGAGEE, its successo~s and assigns, may, without notice to the MORTGAOR, deal with such successor or successo+ in interest with reference to th(s
moregage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating a d~xharging the Mortgagors' liability hert
under or upon the dzbt hereby secured. No sale of the premises hereby mortgaged and no torbearance o~ the part oF the 1~10R1GAGEE or its successors
or assigns and no extension of the time for the payment of the debr hereby secured given by the M.ORTGAGEE or its successors or au~gns, aiwtl operate
ro release, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR herein, eithe~ in whole w in part_
10. It is spec~fically ag~,eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr ~
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument setured herby. i
11. In add~tio~ to the forego:n9 rnonthly payments of prin:"pal and interest required by the prom~ssory ~o~e secv~ed hereby, -mortgagor covenants
and agrees to pay to rr.atgagee ~nith each monthEy payrnent an add~rional sum estimated by mortgagee-to be equal to 1; 12 of the annval cost of the follow-
ing:
A-All real propert~ taxrs levied o~ assessed agai~st thc above descri5ed real estate.
B-prem~wns on fire and wir,ds~orm ~nsurar.ce as here~n requ;red to be carried on the ~mproveme~ts rtuate on the above described premises.
i ~
j C-Prem~ums on such mortg;ge guaranty insura~,ce as mo~tgagee sha~l from rme to time deem fit to carry on the loan secured hereby_
~ Mwtgagee shait from time to nme not~fy mortgagor in writ~ng of the amount due a~d payable hereunder and such sum sha? thereupon be due and
F:ayable on the due date of the next ~~onth:~ payment and each successive month tnereaFter u~:til mortgagee shall rrotify mortgagw of a change in such
€ a^.ovnt. Such sumz shail be apptied by mortgagee tov.ard the payment of real property taaes, insurance prem~ums, and morigage g:+aranty insurance
~ p~emiums.
IN V~ITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his har,d and seal the day and year first aforesaid.
Signed, Sealed and delivered in the presence of:
l .n
_ r ~ , an 4
.i G `~~.P~s~~ ~ C~~1~G-~ (Seaq
(SeaD
- ~ i
STATE OF FLORIDA `
~ ~
COUNTY OF $t . Lt1C1@ 1 , , '
Befwe me personally appeared R Di e~harA~ and Noel D Riehards ~~115 M~f~ and '
Nicholas T. Riehards, a single adult ~Ui7vlf~to me well knpOvn and IirSown.to me to ~ '
the individusls dexribed in and who executed tF?e foregoing instrument, and acknowledged before me that they exewved the ~a~±e for. the purposes
~ : .
rherein expressed. And the said Noel D Riehards ~
wlfe of the said Wllil~ B R1Cha?1~d5 _ • :~.~n~~s ieparate aod-private~
e:am~nat~on by me taken separate and apart from her said husband, acknowledged fo and before me thai she exetvted a~id,instrument (r~elY and volvm
ranly and w~thout any compulsion, constreint, apprehension, w fear of or from her said husband. '
73
WITNE55 my hand and official seal this- 28tt1 day of March ~y~/?: p. 19
~ ~ . .
s ` "
~ Notary Public in and for 1F~e State of ' at Large
~ My Commiuion eapires:
Return io: NOTARY Pl16UC, S(I~TE p1 FLORIDA at LARGf
First Federal Savin~s 3 Loan Associat~on MV COIIMISSION EXPIRES SEPT. 25, 1915
Of Fort P:e:ce. ~ ~ ~k~ w-
For. Pierce, Flo~ida
F~~~p w f,~C~ROED
ST.WC•E ~Oi1~TY Fl~-
p~~:' :.~;-?J~S
This Instrument Prepared By R~Chard K. Kayes ~,f:.r :~:;UIT Cati~7
= First Federal Savings b Loan Association F-._-"~ z ~
of Fort Pierce ~ Florida ~ ~r1 ~
hecked B y ~ s~ A~ T~
C y
~oQxz12 P~E13 . zso8zz
46
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