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HomeMy WebLinkAbout1843 3. To plxe and continuously keep o~ ths bui!d~ngs now a he~eaiter tituate on said land ~nd on alt equ~pment a~d pasonaliy covered by th~~ mor~g- p~, wilh ill premiu~ru thercon pa~d in fuli, fire insu~ance in tha usual sta~dsrd poticy form, in a tium approved by Ihe MORtGAGfE, and w~rdi~o+m ~nsu~a~ct in ~M u~ual a~andard pol:cy form, in a sum approved by the lNORTGJ?GEE, In ~~ch company or companies as the MOR~GAGEE m~y direclj and .s11 iir• ~nd wind~torm inaurance pol~cies on aoy o( •aid build~nys, any intere~t therein or put thereol, in tF?e aggreqate tum ~fae~aid or in exceu lhereoi, shall co+dain the usual standard matga9~e c(ause a tuch othtr dauss u the Mutqag~e m~y ~eQu~r~, makinp the lou u+xlcr sa~d pol~ cie~, each and every, payable to iiid IVNJRiGAGEE as its int~reil may appear, and each and every iuch po!~cy shall be prompfly ass y~ed and de~ivered to . eny held by said MORTGAGEE a~ tur~her security ?o said mortgage debt, and, no! leu than ten (10) days i~ advance of tht expirat~on o( each policy, fo da liver to uid MORTGAGEE s rc~ew+l thereof, toyether with a~eteJpf 1or ~he prem+um of such ?enewat; snd ~here shatl ba no firs or windstorm inwronce plated oe~ any of iaid buildings, ~ny interest there~~ or pa~t thereof, unte~s i~ the form and with 1M lou pay~ble as afweu~d; a~d in the event any ~um of nwney becomes psyabl~ unde~ tuch policy w pol~cies said MORTGAGEE •hell have rha opr~on fo ~eceive a~d apply tAe same on account of the i~~debted- neu sstu~ed hsraby w ro permit ~aid MORTGAGORS to rcceivs and uss it w any part thereol for othcr purposes, w~thout ~h.rau~ vvaivi~~3 0~ u„pair ing a~y equity, liee or right v~der or by vir~ue of this mo:t9age; and in tha evem sa~d MORTGAGORS shall (a sny reason fail to keep the said p~emises w insvred, w(ail to detiver promptly any of said poli~ies of insux,nts to s~id MORiGAGEE, or fail promptly to pay fully any p.e~nium Iherela w in any respect lail to perfwm, d~xharge, execute, effect, tomplete, tomply with a~d ~bide by this cove~ant, or any par~ hareof, said MORTGAGEE msy pisce a~d pey fp tuch insurante or any part thereof w~thout waivin9 w affecting a~y option, liert, equity, o? right unde+ or by vi~tue of this Mortgage, ~nd tht f~ll smovnl of each ~nd every such payment shall be ~mmediately due a~d payable and sfiall bear interest trom the date thereof un~il paid at ths rate ol n~ne pet tentum per annum and to~rther with such inlere:t shall bc secured by the lien of this mwlgage. t. To permif, commit ot sufler r+o waste, impaitment a dete~ioration oi aaid property o~ a~y par! thereof. 5. To pay all ~nd sinpulsr the costs, cAarges and expenses, i~x~ud~rg a reasonabla atrwney i fee and costs of abs~raas of tirle, i~cur~ed o. paid at any time by taid MORiGAGfE, because w in ~he event of the failure on the pan of ~he ssid MORTGAGOR to duly, promptly and f~lly perlwm, d~xharge, . execute, e(iect, ~wr~plete, comply wilh and ab:de by each and every the stipu!a~ions, sgreemenn, conditions, a+d covenants of said promiswry note and ~his .rortgage any d eithe?, and sa~d costs, char9es and expeases, each and every, shali b~ immediately due and pay~ble; whe~her a not there be noiice dc S mand, atfempt to colfect or suit pcnding; end the ful) smount of each and every such payment shall bear interest from the date t?~ereof until paid at the rare of n~ne per centum per annum; and aH said cosrs, charges and expenses incurred w paid, togather w~th such intereit, shall be secured by the lien of tha mortgsge. 6. That (s) in ths event of any breach of this Mortgage or default on the part ot the MORTGAGOR, w(b) i~ the evcnt any of saCd sums of money here~n referred to be nor prompNy and f~tly paid within th~rty (70) days next after the same srveratly become due and payable, without demand w notice. or ~c) in the evem each end evNy ~he stipula~ions, agreements, conditions snd covenants of sa+d promissory note and th~s mongage any or either are not j july, prornp~ly a~d fully pe~formed, d~scharged, eaecuted, eltected, completed, compl~ed with and abided Sy, then in e~the~ o~ sny such eveM the said ag g.egate tum mentioned in said promiuory note then remaining unpaid, with imerest accrued, and a!I moneys secured hereby, shatl become dve and pay- ~ eb~e fwthwith, w thereafter, at the opt~on of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were aginaUy sripularcd to be paid on such day, anything in sa:d promiuwy note or in this Mortgage ro the comrory no~wiihstanding; and the~evpon w thereafter at the option of sa~d MORTGAGEE, withaut notice w demand, suit af law a in equity, there(we ot thereafter begun, may be proxcuted as if all moneys secured FKreby nad matured pnor To ~ts inslitutan. 7. That in the event that at the beginning of or at any rime pertding any suit upon this Nbrfgage, or to forectose iL or to refwm it, or to enforce payment of any daims I+ereunder, said MpRTGAGEE shail apply ~o the Court having jurisd:ctioo the:eof for the appointment of • Receiver, such Cou~t sFall • forthwilh appoint a receiver o! said mortgaged property all and singular, includ~ng afl and iirguiar ~he inmme, prot~ts, issues and revenues from whatever ~ i source derived, each and eYery oi whKh, it being expressly understood, is hereby mortgaged as if specifically xt forth and dewibed in the 9ran~~ng and habt~dum clauses hereof, and sucfi Receiver sF~all have sll the broad and effective funct;ons a~d powers in anyw~se entrusted by a Co~rt to s Receiver, snd s~ch appointmeN shatt be made by such Gourt as an admitted equ+ty and a matte~ of absolute rigM to said MORTGAGEE, and without reference ro ths adequacy o~ inadequacy of the valve of the property mortgaged or fo the sotvency o~ insolvency of said AM1ORiGAGOR a the defendants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equiry of said N10RIGAGfE and the practite of such Court. 8. To dvly, promptly and fully perform, dixhsrge, execute, effect, complete, comply with and abide by each a~d every the stipulations, agreements, c~nditions and covenants in said promissory n~te and tnis mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereaf, becomes vested in a person ofhei than tt~e MORTGAGOR, the ;~SORTGAGEf, its successors and assigns, may, witFwut notice to the MORTGAOR, deal with su:h succeuw w successor in interest with reference to this n,ortgage and the debt hereby secured in the same manner as w~ih Mortga9or withou~ in any way vit:ating w d~uhargfng the Mortgagors' liability herr under w upon the debt hereby secured. No sak of the p.em~ses~ hereby mortgaged and no forbearance on the part of the MORTGAGEE or in successors or assigns and no extension of the time for the paymEnt of t~e debt he•aby secured given by Ihe MORTGAGEE or its successws w auigns, shaN operate ro re!ease, d~xharge, modi~y change w affett the org~nal iiabitity of the MORTGAGOR herein, either in whok or in pars. 10. It is spec~ficatly agreed that time is of the essence of this cor+trsct and that no wiiver of any obligafion Fiereunder w of the obl'gation se- cu:ed hereby shell at any time thrreafter be hetd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the forego'ng m~nthty paym~nt= of prin~paf and interest required by the promissory nole secured hereby, mortgagor covena~ts and agrees to pay to mortgagee with each monthiy payr.~ent an add~~iona! sum est:mated by mortgagee to be eq~al to 1;`12 of the annuat cost of the tollow- ing: A-All real property taxes levied or assessed agai•ist the above described real estate. B-Premiums on fire and windstor~n insurar,~e as herein requ~red to be carried on the improvements s~tuate on the above described premises. C-Premiums on such mortgage guaranty insurance as rtw~tgagee shall from teme to time deem fit to carry on the loan secured hereby. t Mortgagee sha!! from time to um.r notify mortgagcr i~ writ~ng of the amount d~e and payable hereunder and such sum shal) thereuppn 6e due and ~ payable on the due date of the next monthly payment and each successive mon:h thereafter uctil mortgagee shall notify mortgagor of a change in such amount_ Such sums shail be appiied by mwtgagee toward the payment of real property taxes, ir~surance prem:ums, a~x! mortgage guaranty insurance # premiums. IN ITNESS WHEREOF, t said ORT AGOR has hereunto set his hand and seal the day r first afore Seal elivt in t , ~ i s l p sn Ro , e ~a0 • a4 _ ie ndezsen an i ; s7aTe oF ~oawn E couNrr oF St. Lucie el B. e II, a single adult ~ e~r«e ~~.so~u appeared Roy I. Andersen and Marie Louis Andezsen, his wife a~ ; Mi c hae 1~. K ElIIe I I I, a S 1I191@ a d til t to me well k?wwn a~ knov~m to me to be ? ~ rhe individuals dauibed in and who executed the foregang insuument, ar~d atknowledged before me that tney executed the same for tF~e purposes i ~ therein expressed. And the said M~Z ~e Z.O1115@ An dersen ~ ; ~,~fe of the said - ROy I. Anderc~n vpon a sepuate and priwro ~ examtnat~on by me taken separate and apart from her sa'd husband, acknowtedged to and before me that she executed said 7nanumenr,f~fely~aQ~~~urr ? rarily and w~thout any computsion, constraint, apprehen:~oo, w fear ol w from her said husband. ' - i . S WITNESS my hand and official seal th~s ~ y~- day of ~y ~',p~,p+;~p 73 . •~~lwt..~ ~ ' : ~ ; . ; . ; Notary Public in a for the State ~ Fbfida a1 ~.srpe ; My Comm~uion expira: _ • ; Refwn To: . ' ~ • - first ftderal Savi~gs 3 loan Association ~ . ; - Of Fort P~erte. ~G ~ ~ ' ~ ` M~ 4ewisriM ~P~ ~ 1l7f ' . . ~ % Fort Pierce, Ftorida r•- - ~„a.l bY Am..Ka~ Rh a coit~o~ 'i~.a. ; • - jtt[0 ~ND RECOAOEO - This Instrument Prepared By J. H. Roberts, Jr. iT.WCl~ COUMTY fLA. - First Federal Savings 8~ Loan Association CLER~K CIF!UtT COURT ; ort Pierce, Flotida RFPAPO YER.FiM ; Chec ~ - - ~ ~ _ k~ JGM ~1 10 04 AM 73 ~ ; , = Eco~ 2~5 Fac:1844 25~73`~6 ~ ; - . i _ - - - ~ _ ; = .