HomeMy WebLinkAbout1659 3. io plec~ snd conrinuovsly keap on the bui!d7ngs now a f~ereafter ~~tuat~ on said land and o~ all equipmcnt ~nd pe~son~lly cove~ed by lhis malp~
~ys, with ~I) premiuma ~hercon pa~d in full, fire i~suranca in Ihe usual atanderd policy form, in • ium app~oved by Ihe MORtGAGEE, ~nd windstam
~~wrance in tl,~ uswl uandard pof~cy iwm, in a sum approved by ~M MOR1GAGfE, in tvch company or companies as tM MORTGAGEE may
tlifKlj and all f'ue and w~ndi~orm insurance policies on any of sa~d build~nys, ~ny intereat therei~ or par~ ?hereof, in ek aygrr9aie ivm ~foreutd or
In ~aa~i thereof, ~hall contain tM usual sundard ma~gage~ clauie or iuch o~he~ cl~uss as tM Mor~gagee may rcyu~re, m~kirq tM loss vnde~ ~a~d poli-
cies, exh and every, payabls ro said MORiGAGFE ii i1s interett may ~ppea~, and each a~d eve~y s~ch policy shatl be promp~ly ass.9ned and de~iverrd ~o
•ny held by said MORTGAGEE as iu?the~ security to said matga9e debt, ~nd, not less ~han te~ (10) days in adva~ue of Ihe expiration of e~ch polity, to dr
liver to ~aid MORTGAGEE a rcnewal the~eof, ~oge~ha with a receipt to~ the iuemium of such ?enewal; and ~he+e sh~ii be no f~re or windstono insur~ns~
placed on ~ny of said buildings, any i~terei? therein w part thereof, ~nleu in the form and with the loss psyable as etueuid; and in the event any ium
of ma»y becomes payable under such policy w polrcies said MORTGAGEE shall have ~he option to receive end appfy the ume on account of the indeb~ed-
neu secured hereby a to permit said MORTGAGI~RS to reteive and uie it or any pa+t thereot lor otner purposrs, ~vi~hovl th_r. u~ wai~~~~g o~ ~~~~pa~r-
iny any equiy, lien or right under or by virtue of this mortgage; and in ~he event sa~d MORTGAGORS ahall ior a~y reaion tail to keep the aaid prem~sri so
insur~d, or fail fo detiver promptly any o( said policies ol insurance to said MORTGAGEE, a fuil promptly to pey fufly any pre~nivm therefor or in any
~especl fail to per(orm, discharge, execute, efied, comolNa, tomply wiih and abida by this covenant, o~ sny pan herrot, said MORTGAGEE may plate and
pay fw :uch insurance or any part Ihereof without waiving w a(feding any option, lien, equity, or nyh! ~~nd•r o~ by virtue o) ~hts Malga~s, ~nd the
full amount oi eath and every such payment shall be immediately due and payable snd ihall besr inte~esl from the date thereof until paid at the ra~e o1 •
nine per centum pe~ annum and together wilh such inte~est shall be secured by the lien of this mortgage.
1. To pe~mit, commit w svffer no waste, impairment a deterioration of said property a eny part thereof.
5. To pay sll and singular the costs, charges and expenses, i~cluding a reasonable attwney's fee and costa of abs~rads of t;tle, incurred or paid a~
any ~~n+e by said MORTGAGEE, betause w in the event ol Ihe tailure on the part of ths said MORTGAGOR to duly, promptly and fully periprm, diuharge,
execute, eiied, complete, comply w~th and eb:de by each and every the stipula~~ons, agreements, conditions, and covenanq of said promissory note and rhis
rnortgage any o~ either, and sa+d costs, charges and expenses, each and every, shall be immediately due and payatte; whether w not thera be ~o~ice da
msnd, attempt to colled or suit pending; snd the full amount of each and every such payment shall bear interest from the date tMreof until paid ~t the
rate of nine per centum per anuum; a~d all said costs, charg~s and expenses incwred or paid, togethe~ wi~h such interrst, shall bs seeursd by the lien of this
mortpage.
6. Thsf (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the evenf sny of sa~d sums of money
herein refrred 1o be not promptly and fully paid wi~hin th~rty (30) days nex~ after the same seve~ally become due snd payable, withouf demand or noticq
or (c) ie tha .event each and every the stipulatio~s, agreemeMS, condi~ions and covenants of sa~d promiuory note and th~s mortgage any or either are no1
~uly, promptly and fully perfo.med, d~xharged, executed, eflected, completed, complied with and abided by, tF~en in ei~her or any tuch evem- the uid ag
gregate svm menYaned in said promissory note fhen remaining unpaid, with interest accrued, and all moneyt secured hereby, shall betome dve and pay-
ab~e tathwith, or thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said sun~s of mcney were wiginally st~pulated
to be paid on such day, anyih7ng in sa~d prom;ssory note or in this Mwtgage to the contrary notwithstanding; and ~hereufwn ar thereafler at ~he op+~on of
sa~d MORTGAGEE, without not~ce or demand, suit at law w in equity, tF~erefore w thereaiier begun, may be prosecuted as if sll moneys secvred hereby
had matured pria to its institutior~.
7. That in the eve~t that at the beginning of or st any time pending any :u~t upon ~h~s Mortgage, or to tweclose it, or to refo~m it, or to enfwcs
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ctivn thereot fw the appointment of • Receiver, suth Co~rt shall
forthwith appoint s receiver of said mortgaged property all and singular, includ~ng atl and singula~ the income, profiq, isaues and revenues from whatever
source derived, each a+~d evevy oi wh~ch, ;t being expressly undersrood, is hereby morrgaged as if spec~fical)y set fwth and dexribed in the gronting a~d
habendum clauses hereof, and such Receiver shall have all the broad and effecrive funa~ons and powers in anywise entrusted by ~ Courf to a Receiver, and
such appoiroment s6a11 be made by such Court as an admitted equ~ty and a marrer of absolute right to said MORTGAGEE, and wifhout ?eference to the
edequaq w inadequaty of the value of the property mortgaged or to the so~vency or insolvenq o( said MORTGAGOR orihe defendaMS, a~d that such
renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of wid MORTGAGEE and the practice oi such
Court.
8. To duly, promptly and fully perForm, d~scharge, execute, effect, complete, comply with and abide by each and every the itipulations, agreements,
conditions and covenants in sa~d promisswy note and ~his mortgage sel forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn othe~ fhsn the MORTGAGOR, the
MORiGAGEE, its succeuors and asslgns, may, withp;t notice to the MORTGAOR, deal with such successa M successor in interest with refere~ce to thi~
mortgage and the debt hereby setured i~ the same mann¢r as with Mortgago+ w~thout in any way vitiating or d~scharging the Mortgagor;' Iiability hero-
under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on ihe pail of the /AORTGAGEE d its successws
or assigns and no extension of fhe time for the payment of the debt hereby xcured given by the MORTGAGEE or its succeswn or assigns, ,tiall operate
to release, d~scharge, modify change or affect the orig~nal liability of the MGRiGAGOR herein, eitF~er in whole o~ in part.
10. It is apecifically agreed that time is of the essence of this contract and ti~ar no waiver of any obt;gation hereunde? a of the obligation se-
cured hereby shall at any time thereafter ba held to be a waiver of the terms hereof or of ihe instrument setured herby.
11. In add~tion to ihe iorego:ng momhly paym~ms of print"pal and interes~ requ~red by the prom~sury ~ore secur~d hereby, mortgagor covenanfs
and agrees to pay to mortgagee with each momhiy pa~~nenr an add~rional wm est~n~ated by morfgagee fo Le eqvai to 1 j i2 of ~he annual cost of the follow-
fng:
A-All real property taxes levied or assesscd against thc above described real estate.
B=Premiums on fire and windsto: m inwrar.ce as here~n requ~red to be carcicd on ~he improveme~ts s~tuate on the above ds-.,ribed premises.
C-P~emiums on such mortgage guaranty ir.surar~ce as mortgagee shatf fren: ime to time deem fit to carry on the loan sccured hereby.
Mortgagee shall from time to time nor~fy morrgagor en wrifing of the amount due and payable hereunder and such sum shal: thereupon be due and
Fayable on the due date of ~he next month:y payrr.ent and each successivt month thereafter until mortgagee shall not~fy rnortgagor of a change in such
amount. $uch sums Shail be app[ie~l by ~~ortgagee toward the payment of real property taxes, insvrance prem:ums, and mortgage gua~anty insu~ance
p~emiums_
IN WIINESS YJHEREOF, the said MORTGAGOR has hereu:+to set h~s hand and seal the day and year first atoresaid.
Signed, Sealed and delivered in the presence of: q` Y~
C`~.c ~U .~C ~ , -~~C7iL a4
~.J~ /i' t c L
shikazu eqoro, single ~,n
~ ~ ^ ^ ' adult
- ~Seaq
Seal)
STATE OF FLORIDA ~
$ t . 1. UG ].@ SS'
COUNTY OF ~
Before me personally appeared Yoshikazu Negoro, a single dtZtllL a~
Rf!'~iG7c; to me welt k~own and known to me ta be
the individuaj% described in and who executed the foregoing instrume~t, and atknowledged before me that !he/ executed the same fo? the pwposes
therein expressed. ~ ~Ife'said
w?e o'f'iPie~sai7 apon ~'sep~itlU al~i?i~~1~
rzenrinetierrbf~++e-~ske~? sepa~al~and ~part-FtCimiter seklitoaberd: ~lknowledge~V sntf'til~Ofe~AllftaT sftE'Q1h.411tN!!"s3id fiSfRitR~T ARfy~ff~ vdRlfi-
ta;il~. a.+d~witba~s ~ny-ww?pulsi~ry tonst.aiwt~, ~ ~~f~ er bewd~
-K
WITNESS my hand and official seal thi day of ~ ~~,g;
, •I.:~
( c _ J~ _~-r' z l~ - , ,
• ~ ,~_--,,r.._._,~.~. ;
Notary Publit in and (or the State of f!orida J~f latgp
~1ty tommission expires: ~ ~
Retuin To: ' • ~Q,• , ;
t :
first Federal Savings 3 loan Association • _
fi Q ti
Of Fort Perce. ~llS~~j(~ . . . , E . v~ ' _ _
Fort Pc~rce, Florida ' , - ~ .
v ,
1'~..~ . r'` ~ r,`
This Instrument Prepared By John W. Collins ~h~ h~Le;~DEO ~'~r~°
First Federa! Savings & Loan Association ~~~EU ' nUM~Y f~~• .
St.LUCIf •-~R,~oAS
Of Fort Pierce ~ C~ lOZlda aGG~~.-ry?T GOURf
~ CLEQ'~ _ • f ~ ~ .
Checked By prrG~.='~~F
~y~t 1~ ~'~Z ~H ~~3 eaoK 214 QaCE~65~
sb
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