HomeMy WebLinkAbout1689 J. To plau •nd conrinuo„~ly keep on ihe Lu~:Ju~s now w Mreatter utwt~ oe ss~d land and on alt equip~~xM ~nd pNfonally cowr~d by ~hii mary-
~g~, with all prcm~ums ~hercoo pa~d i~ f~ll, f~re inivranc• in tM uswl si~ndad poiky iwm, i~ • ium app~o~~d by ~he MOR~GtiGEE, •~~d w~ndstorm
~nw~anc~ i~ tM uiu~l ~~~nda~d pol~cy fam, in a sum aFp~ov~d by iM N10RiGAGEE, t~ ~uch comp~ny w canWn~sf H ~h~ MO~tTGAGEE ~++y
d~rsut and all firo ~nd wirxlsto~m insuranc~ polK~es on any ol isid bu~ld~~q~, any in~~nst ~F+erei~ w pa.t ~heraof, in tM ~~re9~tf sum ~Ipefaid of
in ~aceu ~he~eof, ~hall contain ~he usval s~andard mwt9agw clavs~ a iuch aha claus~ as tlw Ma~y+~e~ m~y requu~, ma?inp ~he loss unda u~d po~F ;
ciei, each and every. payab!e ~o s~id MORTGAGEE as iH int;rest may ~ppear, and exh and every ivch pol~cy shall be promptly +~s y~~cd +.+d del~ve?..d ~o ;
~ny held by s~id MORiGAGEE as lu~~her ~ec~rity ~o said mortgage deb~, aod, nW leu IMn teo (10) d~ys in advsnce o1 ~he expir~t~on of each po1Ky, to dt~ >
IivN 1o faid MORTGAGEE a r~newal thereof, loge~h~r with a reteipt for 1he p~~mium of tuch renewal; and thr~~ ?MII be ra f~re or winds~o~m insurance ~
placed on ~ny of said buildings, any interesl thcr~in p pa~t the~eof, unless in tFw fam ~nd w~~h tM Ioss payable as afue~aid; and in tM evant ~ny tum ~
of nwney bccomes payable under such policy a polKies said MORiGAGEE shall Mve ~F» opiwn to receive and apply the sa~~e on +ccoun~ of ~M indebted- ~
neu setured hereby w 1o permit said MORTGAGORS to reteive and us~ it w any parl thercof to~ othcr p~rposes, vi~~hout ih_r.u~ wa~+~~~~ o~ ~~~~pe~~-
ing any equity, lien w riqh? under u by virlus of thii mo:tyage; snd in the event u~d MORTGAGORS shatl fw any reason fail to keep the said p~emisrs so
insured, a(ai1 fo delive~ p~omptly any of said polities of insurante 1o said MORTGAGEE, or fail promptly to pay fully any pre~~uum therelw a in any ;
reaped tail ro perform, d~schsrge, eaecute, elfed, comple~e, comply with and abide by this covenan~, o~ any par~ hereol, sa~d MORTGAGEE may pixe and
pay fo: such iruurance w any parl Ihereof without waiving w affectiny any option, lien, equity, or righl under a by virtue of this Mwt9age, and the
full amoum of each arxJ every such paymem shall be immediately dve and payable ~nd ihall bea~ interest from the date thereof until paid at the ~ate ot
nine per centum per annuin and to~ether wi~h such i~leres~ shall be secu~ed by the lien o( this mottgage.
1. To permit, tommit a suf(er no waste, impairment w deterio~ation of said property or any pa?t the~eof.
5. To pey all and singular the costs, charges and expenses, including a reasonable attorney i fee and wsts of abstrscts of title, incurred a pa~d af
any time by said MORTGAGfE, because « in the evenf of the failure a? the part of Ihe said MORTGAGOR to duly, promptly and fully pr~form, d~xharge.
execute, eflect, comptete, comply wilh and ab:de by each and every the st~pvlat~ons, agreements, conditions, and covenants of said pro+n~ssory note and this
mortgage any or ei~her, and sa:d costs, cha~ges and expenses, each and every, shall be~ imm~d~alely due and payable; whNher or not there be not~ce de
mand, anempt to tolled w suil pend~ng; and the tull art~unt of each and every wch payment shall bear interesl from tF?e date thereof until paid at the
rate of nine per centum per annum; end all sa~d costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of this
mortgsge.
b. Tha~ (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sstd sums of money
herein referred to be not promptly'and fully paid within thirty (30) days next after the same severa!!y become due snd payable, without demand w rwtice,
or (c) in Ihe event each and every ~he itiputations, a9reements, conditions and covenants of sa:d promiswry ~ote and th~s mortgage any w either are not
~uly, prompfly and fulty performed, d~scharged, executed, effected, completed, compl~ed wi+h and abided by, then in e~ther w any-svch event ~he u~d ag
gregate sum menTioned in said promisswy ~ote then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay-
abfe forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if a~l of ~he said suma of money were w~ginally ttipulated
to be paid on such day, anythi~g in sa:d prom~sswy note w in this Mortgage to tF~e contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suif at law or in equity, iherefore a thereafter begun, may be prosecuted as if all moneys secured hereby
nad matured pnot to its institution.
7. Thnt in the event thaf at fhe beginning of w at any time pending any su~t upon this Mortgage, pr to fwetlose it, or to ~eform it, or to enforce ~
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction~ thereof fw t1?e appointment of ~ Receiver, such Court shall
fortfiwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singutar the iruome, p~of~ts, issues sr+d revenues from whatever
source derived, each and every of which, i~ beirg expressly understood, is hereby matgaged as if specifically set forth and dewibed in the g~anting and
habendum ctauses hereof, and such Receiver shall have all ~he broad and effecrive funct~ons and powers+n aeywiierntrusted by a Court to a Receiver, and ~
s~~ch appointment shall ba made by s~ch Cou~t as an admitted equity and a matter of- sbsolute right ao•siid MORTGAGEE, and without reference to ~he
adequacy or inadequacy of the value of the property mortgaged or to the so~vency or Msolvency of sad MORTGAGOR d the defendants, and that such
renfs, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien oi equity of said MORTGAGEE and the pranice of such
Courf. i
6. To dul , rom tl and full form, d7schar e, execute, ef4ect, co iete, com I with and abide b each and ever the sti ulations reemenfs, ~
Y P P Y Y P~* 9 ~^P P Y Y Y P . a9
conditions and covenants in sa~d promissory note and this mwtgage set iorth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ather than the MORTGAGOR, the
MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such suttessor or successor in interest with reference to this
mo~tgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or d~schargirg the Mortgagors' (iability hert
under or upon the debt hereby secured_ No sale of the Fremises hereby mortgaged and no forlxarance on the part of the MORTGAGEE or its sutcessors
or assigns and no extension of the time fw the payment of the debt hereby securcd given by the MORTGAGEE or its successors or auigns, ahall operate
to release, discharge, modify change or afiect the original liabil~ty of the MORiGAGOR herein, either i~ whole or in parf. ~
10. It is speufically agreed that time is of the esu~+ce of this contract and that no waiver of any obliga~ion hereunder or of the obYgaYan sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~
11. In aod~tie~ to the fo~ego:rx~ mo~thly payments of princ'pal and interest requ~red by the prom~ssory no!e secured hereby, mortga~or covenants ~
and agrees to pay to mo:tgagee w~th each monrhly payrnent an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- #
7ng:
A-All real property faxes levied or assessed agai~st the above desuibcd real estate.
B-Premiums on fire and windstorm insurar.ce as herein requ:red to be carrieA on the improvements sit~ate on the above described premises. ~
C-Premiums on such mortgage g~aranty ir.surer~ce as mortgagee shall from Nme to time deem fit to carry on the loan secured hereby.
Mwtgagee shail from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such su:n shall thereupon be due and
~ Fayable on the due date of the next monthly payment and each successive month thereaf~er ur.til mortgagee shall notify mortgagor of a change in such
` a~nount_ Such sums sF.all be app~ied by mortgagee toward the payment of real property tazes, inzurance prem:ums, aixl mortgage g~aranty insurance
, premiums. _
; , IN WITNESS WH OF, t said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
' ned, Sealed nd eliv n the pr nce of:
~ r . . xa~
Harl Paul St~ort ,q
seaq
~ZY IAlllSe SZiOYt (Seaq
i
57A1E OF FLORIDA 1
4
COUNTY OF St • L11C~@ ~ ~ ~
~
Before me penonally appeared Harley Paul $t10L't and i
1~4ary Louise $1lOIt his wife, to me welf krawn and known to me to be ~
the individuals desaibed i~ and who executed the fwegang instrument, and acknowledged before me that they executed the same for dte purposes '
therein eapressed_ And the sai~ ~n? Louise $ZlOrt ~~i~'~~~ ~
Harley Paul Short
w~fe of the said u ~d.Mpe~ste e~+d, priv+te
examination by me taken separate and apart trom her said husband, acknowledged to a~d befwe me that she executed said,jnatr t frio~fl•a,~•volurr f'~
ranly and without any compulsion, constraint, apprehe~~~ ~~fear of or from he sa~d husband. f'': '~r~
WITNESS my hand and official seal this day of ~ ~C ~ fl,~~
_ : ~ y ~ ~ -
_ ! ~o ,.J;,o
~ ~ ~ '
~ Not ry Public in e f the a~a ~F1P~ds • c~ ':•',i ~
~ - My Commiuion expir q ~ ~
Retum To: . ,1 ~ ~ `'~yi - . 1~
f•! - i
~ Fint Federal Savings S loan Association . j jJtjE
Of Fort P,erce. ~ ~ ' , . •
~ Fort Pierce, Florida ~ `
11~EO AND RE~oRDLO
fT. LU4iE oOUMtr i~A. ~
~OCER POITRAS
CIERI~ CInCU~t COUNT
This Instrument Prepared By John W. ColliT~s lIECORG YERIFIEO.+,.,~~
First Federal Savings & Loan Association '
~ of Fort Pierce ~ Florida ~ 3 9 S~ ~~~3
i
~
Checked By _ ~C1~82 ?
a~
~
8~~K212 ~~1889 j' ~