HomeMy WebLinkAbout2168 3. To plac~ ~nd continuo~~ly k~sp on th~ buildinps n,ow a Mr~aftK ~itvah on s~id land and oo +II puipmen? and pe?wnatly cov~nd by Ihis mwt~
p~, with all p~mi~mt th~rwn p~~d ia full, firo insvranc~ in tM usual ~undard poiicy fam, 1n a sum apptoved by tM MORiGAGEE, and wle+dstorm
iniw~nc~ in tM ~swl u~nda.d pol~cy iam. In • wm ~pp~ov~d by tM MORTGAGEE, in wch comp~ny o~ compa~i~s as t1+~ MORTCsAGEE n++y '
dir~t and all ik~ u,d wi~tam inswaoa policiss on any ol said buiW~nps, any inter~st tMr~in a put tMreof, In t!» ay9rep~t~ tvm ~fpr~s~id w ~
In ~ac~s tMrwf, shali contain ~M u~wl s~andud mortga~~e cisus~ w ivch aMr claus~ ~s tM Matyay~e may requir~. makinp tM Iws u~de. a~d po~}
cies, ~ach and ~vKy, payabl~ to said MORTGAGEE as its interest may appear, and e+ch and ewry such policy ~hall b~ prompHy au:y~d +nd d~~~v~?ed ~o
any Mld by said MORTGAGEE as furtha secvrity to s+id mort9~pe debt, and, not leu tMn ten (101 days i~ advanc~ of tM ~xpir~tion oi each policy, to de-
liw~ ro uid MORTGAGEE • renewal thereof, toye~hK wi~h •?~c~ipt ia 1l~t pr~mium of such renewali ~nd t1+~~~ shatl b~ oo fu~ or winditorm iniursnc~
placed on any of isid buildinps. ~ny interaf ther~in or put therwf, un~eu in tM fo~m ard with tM lou pay~b~~ ~s ~fu~saidt and in th~ ~v~et ~ny. sum
of morNy becomss payable u~der wch policy a policias ~aid MORTGAGEE shall haw tM option ro ~eceiw u+d apply the iame on +cca+nt of tM indebted- t
ness secvred hKeby o~ b permit s~id MORTGAGORS 10 ~eteiv~ ~nd w~ if w any parl 1F?ereof fw other purpotes, wi~hout Ihe~eb/ waiving or ~n,pair-
in~ any pv;ty, lie~? a right unde~ or by virtus of this mortga~~j and in tM ~vent said /NORTGAGORS ihal! for a~y ?eason fail 1o keep the uid p+~n+isas so
insured, a fall ro deliva p~omplly ~ny of said policies of insuruice to ssid MORTGAGEE, ot fa;l promptly to pay fully any premivm therefor w in any
roipect hit b pe~fam. diicharge, execute, ~ffed, complero, comply witA u~d ~bid~ by thu eovenant, or +ny part haeof, ssid MORTGAGEE may plxe and
p~y fw such ins~rance a ~ny pan thereof without w~ivinp w affectir+p any optan, lien, eqvity, or ripM under w by vi~tw of thii Mwtyays, and the
full amo~?nt of each and every svch payment shall be immediately dw and p~yabk ar+d s!»II bear interest from th~ date the~eof until p~id ~t ths rate oi
n~ne pK centum pe~ ~nnum and togethe~ with such i~terest shall be xcured by the I'~en of thi~ mat9+ye.
1. To permit, aomrnit w suffa no waste, imp~irmcN w deteriaatan of said property o~ any p~rt lhereof.
S. To pay ali and sG~putx the coits, charyes snd expenses, includirg a reasonable anorney i fee a~d cos~s of abstracta of title, i~curred a paid at
any time by said MORTGAGEE, becauss ot in the event of the failurs on the part of the said MORTGAGOR to duly, promptly and fvlly perfam, d~uharga~
execute, effec~, compkte, comply with and ab;de by each and every tl+e stipulaiions, agreements, conditions, and covenann of said promissory noro and this
monype any or either. and said costs, charges and expenxs. each ~~d everY, sh+ll be knmediately du~ snd p~yable: whether w not there be notiu de~
mand. anempt to colkct a wit pend~ngs and tM full xnount of ~ach and every s~rch paymem shall b~ar intcrost from ~he daq thereof until p~id at the i
rate of nine per centum per annum; and all said costs, charges ~nd expenses incvrratl or paid, together with suth interest, sAall bt tecured by the lien of this
^wrt9+9e•
b. Thst (a) in the eveM of any breach of this Mwtgage w defwlt on the part of the MORTGAGOR, or (b) in the evcnt any of saSd sums of money
herein referred to be not prompNy ~nd futly paid wilhi~ thiry (30) deys next after the same severalty become due and payabk, without dtm+nd w notice,
or tn the event exh snd every the s~ip~latio~s, sgreeme~n, conditions and coven~nn of sald promissory note and th~s mortysye any w e~ther are not ~
iuly, prort~pNy and fully performed, dixharged. executed. eifected. compkted, complied with and stiided by, then i~ either ot any such event tM said ag .
gregste sum menYaned (n said promiuwy note ttxn ?emsining unpaid, with interest accrued, and all moneys sec~red hereby, aha11 become dw and pay~ ~
able forthwith, w thereafter, at 1he option of said MORTGAGEE, as fully ard completely as if all of the wld sums of money were aigin+lly stipulated !
to be paid on such day, anythinq in said promiuory note or in this Mortgage to the contrary notwithstanding; and the.eupon w thereafta at the option of :
said N10RTGAGEE, without notice w demand, wit at law w in equity, therefo?e or the~eaher begun, may be prosecuted as if all nwneys secured hereby ~
had matured pnw to its institvtioo. ~ '
7. That in tfie event that at the beginning of or at any time pending any suil upon this Mortyage, ot fo foreclost if, or fo ~eform it, w to enfwce
payment of any claims hacunder, said MORTGAGEE shall apply to the Covrt having ju~iydiction thereof fw tF?e appointment bf s Receiver, such Court shall ~
fwthwith appoint a receiver oi said mortgaged property all and sirgulu, includ~ng all and singvlsr the incort~e, profits, iisbes A~d reve~ues tram whatever :
wurce derived, each and every of which, it bei ex eul undcrs~ood, is hereb mort ed as if ~ficall set fwth and det~ribed in tl+e ranri and ~
^9 P~ Y Y 9a9 ~ Y 9 ^9
habendum clauses hereof, and s~?cA ReceiJer shall have all the broad snd effettive funct~orn and powen in anywise entr~sted by ~ Court to a Receiver,. and
~uch appointment shall be made by svch Gourt as an admitted equity and a matte? of absolute rigM ro said MORTGAGEE, and without ~efercnce to the
edequsty w inadequ~ty of the vslue of fhe property mortgaged or to the soiventy w insolvency of said MORiGAGOR or the defendants, and that such
rents, prafin, incane, issuea and revenues shall be applied by such Receiver accordiny to the lien or equiry of said MORTGAGEE and the practice of such
Court. ~
8. To duly, promptly and fully perform, discha?ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditans and covenants in uid promissory note and this mortgsge sN forth.
9. That in the event the ownership of the mortgaged premises, a any psrt tFxreof, betomes vested in ~ person other thsn ihe MORTGAGOR, the
MORTGAGEE, its successors snd auig~s, may, withaut notice to the MORTGAOR, deal with suth successor or successor in interest with reference to fhis -
mongage and the debt hereby secvred in the same man~er as with Mortgagor witFa~t in ~ny way vitiating p d~sthargi~g the Mortgagon' liability hera-
under or vpon the debt hereby secured_ No sale of the premises hereby mortgaged and no fwbearsnce on the part of the MORTGAGEE w ih svccessors
w assigns and no extension of the time fa the paymem of the debt hereby secured given by the MORTGAGEE or its successors or suigns, shall operate
to release, discharge, modify change w affect the original liability of thc 1NORTGAGOR herein, either in whok or in psrt.
10. It is specifically agreed that time is of the essence of this contract and that no w~iver of ~ny obligation hereunder a of the obligation sr
cured hereby shall at any Yune thereafter be held to be a waiver of the terms hereof or of the instrumtnt secured herby.
11. In addition to the forego:ng monthly payme~ts of princ'pal and intereat required by the prom~uory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each morohly payment an add~rional sum estimated by matgagee to be equsl to 1/12 of the annuat coat of the follow-
ing:
A-All resl property taxes kvied w assessed against the above dexribed real estate. ;
B-Premiums on fire and windstorm ins~rance as herein requ~red to be carried on the improvements situate on the above desuibed premises_
C-Premiums on such mortgage guaranty insurance as rtwrtgagee shail from time to time deem fit fo carry on ihe loan secured hereby.
Mortgagee shall irom time to time notify mo~tgagor in writing of the amount due and payabk hereunder and such sum shall thereupon be due and
payable on the due date of the next monthly payment and each successive month thereafter urtil mwtgagee shall notify mortgagor of a e in such e
amount. Such sums shatl be applied by mwtgagee toward the payment of real properiy taxes, insurance em:ums, and mortgage gua ensurance (
premiums. ~
IN WITNESS WHEREOf, the said MORTGAGOR has hereumo xt his hand and seal the day and ar fir afwessid.
Siyned, Sealed ~nd delivered in the prexnce of: - ~
~ n ~
a u ~ ~
Ro V~ N~ o F R/ U ~ C~N~,Dn adu t ~
~ ~ , ~T ~e?~T ~ ye~x ~ . :
;
A1 frEacl A M ~pl ai nnl p ar~ul t and ~
Before me penonally appesred . LIP~~_~ A
RocLnQV S_ Hamilton~ a sinale adult ~W4; to me well known and known ro me ro be
the individuals desvibed in and who e:ecuted tIx foregoinp instrument, and acknawledged befwe me that they executed the same for tF~e purposes
therein e:pressed. =:~3_= "Jie~~ei
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txawis+s~ien~? -fie~id~ I+u~tisnd,~la~owriedye~te ~nd~efors n+r fhst s~e ~neeolee~ ssid ' f-freei~- w~d i
,~.r,+.t~.~.~r~..~-.i~.*-t.~ ~ ~
.Zaf1{~JOi~~01(~.iq~. ~~~~l~iWg ~ii4~Yi.~(Yfl?~lf~MId~lYtbi~• _ j
' . ~ / }
WIj~~?~r~y es~~i~ffi~j:sqal'tlii day of A D. 19.Z~_
f ; ~ J ~I~71~~~~~ ~
' y~~ t~~ • .
` y~ " _ _ ; p ~ Notary Public in and for ' a
• ~f • - , ~ ,
s- ~~~~a~., f ' Q~VI , F
Fed~~lw,, ~Loan ~~1!if~ ~ ~
Fint ~'~ri~ . i l1~1ation C I~?
/
~ .T)f- #v / er~e ~ ~ y
t::~l~~ierce.;~o~ida.•~
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;,',t,' ~ t' : ~ F1LE0 AKL~ P.ECOi2UEO ;
ST.LUCiE ~OJNTY FIA.
r:r4€~'~;" ftOGE~ a01TRAS
This tnzirument Prepared By J. H. ROberts , Jr. CLE~ K C:t:;;U:T COURT
First Federal Savings b loan Association oc~nP~ •~~rn
of Fort Pierce Florida
' M~r 31 9 as AH'73
Checked By
o ~ A ~;55593
3QQK~1`# PACE~~V~
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