HomeMy WebLinkAbout0598 9. To place snd con~inuously keep on the bui'd~ngs now a hcreafta s~ru~te on sa~d tand and on a~l equ3pment and pc?so~slly covered by this matg~
ag~, wilh ~II premiums thercon pa:d in iult, fire insurance in Ihe uswl sta~dard po1Ky fwm, in a tum approved by Ihe MORiGAGEE, and windsrwm
+~w~~~ct !n ths usual standard pol~q form, in • sum approved by ~ht MORTGAGEE, i~ wch company w canpa~+es as ths MORiGAGEE m~y
direcl; and ~II fire and w~nds~orm iruurance pol~cics on a~y of 3a~d buildu+ps, any intaes~ therein a part thereof, in the ayyregare sum aforraa+d o?
tn exceu Ihereol, shaH conrain the usual srandard ma~qngea c~ause w such o~hn clauss u the Matyagee may ~equu~, makir+g the loas unde. ~a~d polf
cie~, esch a~d every, payabte fo said MORTGAGEE as ~~s i~tereil may apprar, and each and eve*y sucA po:~cy shall be promp~ly ass gned s~d delivered ~o
eny held by ss~d MORTGAGEE ss furtha iecurity to said mortgasJe debr, and, not Ieu tha~ ren (16) da~rs in advance of fha expirat+on of each pol~cy, to de-
liver to wid MORTGAGEE a renewal tl~ereo}, to~e~her with a rece~pl for tAe prem~wn of such renewal; a.~+d ~hero shafl be no firo o~ winds~o~~n insurance
p~~ted on any of said kwild~ngs, any interesf thereio w pat ~F+ereof, u~leu in ~F» form and w~~h the (osa payabte as stwesaid; and in the eveM any sum
oF money beco~nes payable vnder sexh policy or polK~ea ~aid MpRTGAGEE shall have ~he opr~w, to rcceive and apply ~he san,~ on account ot ~he i~deb~ed-
neu secu~ed hereby a to permit said MORTGAGORS ro reteive snd use it or any pa.1 thereof fw otner purposes. .•.~~Fw~t ~hr~eb~ .~o~~~„g a~ unpai.-
Ly any equ~ty, lien or right undcr or br vutvs oi this mo:•gags; ~nd in the evem w~d MOltiGAGORS shafl for any reason fai) to keep the u~d premi~rs w
insured, w fail to deliver prompdy ~ny of said polKies oF insurance to sa~d MORTGAGEE, w fa~l prompNy to pay futiy any premium tFxrefor o~ in any
roipett fail to perform, discharge, execute, effect, compte~e, comply wi~h and ab:d~ by ~Fus coveoan~, or any part hrreof, sard MORTGAGEE may place ~nd
wv fw s~?ch iraurance o~ ~ny psrt thereof wiihout waivirg a aifecfinp a~y opt~on, l;~n. pu~ty, o? .ght under a by vi~tue of this Mortgage, and fhe
full amount of each and eva ivch - • . .F.-.-~t a~ ~he ra~e ot .
Y WY~nI snau oe ~mn+ea~a~my ow µ.~..,w . _ - .
nfne per centum per an~um and fogether w~tl? wch inrerear shalf be secured by the liea of th~s n+onga9e.
To permit, tommit or suffa no waite, impa'ument or deteraration of ss~d property or any p~~t tF?ereof.
S. To psy sll and singulsr the coab, charges ~nd expenses, inclvd~rg s reasonable ~norney's fee and costs of abstracts of title, incw~ed w paid a~
any time by sa~d MORTGAGfE, because a in the evenf of the ia~ture on tF+e pa» of ~he said JNORTGAGOR M du1y, prpnptly ~nd fu~iy perform, d~scharge.
execute, ef/ett, compkte, comply with and ablde by each and every the stipufatwns, sgreaments, condilio~u, and mvenants of said promissory note and this
mwtgage any or ei~he~. and said cosb. cMryes and e:penses, each and eve+y. shall be imn+ediatety due and payable: whe~hrr a not there be notice dff
mand, attempl to colkct u suit pend~ng; and the full amount of each end every auch payment shal! bear in+erest t~om ~he date thereof until paid ~t the
rate of nine per centum per annum; and all said tosts, charges and exaenses incurred w paid, together w~th such iMCrest, shalt be secured by the lien of thi~
matysge.
6. Tfist (s) in the event of any brcach of tho Morrgege or defaui~ on N,e pa.t uf the JKOATGAGOR, or tb) in :he event any of sa;d sums of ma+oy
herein ~eferred to be noe promprfy and futty~ paid vinThin ttKrty t303 d+ys ne,ct ~ieer aeme serceady beco,ne due a~d pay~ble. wit}wut demand or notite,
or (c) in the event each snd every ~he stiputatio~s, sgreemenn, cond~tions and covenanrs of sa•d prom~ssory note and th~s mwtgage any a e~rher are nW
iuiy, promptfy and fulty performed, d~scharged, e,cecuted, effected, complered, comp!;ed with and ab~ded by, then in e~ther o~ any such event the sa~d ag
gregate sum mentioned in said promissory nore then r~maining unpaid, with interei~ acvued, u~d all moneys secv~ed hcreby. shall become due ~nd pay-
eble fwlhwith, or thereafte~, at the option of said MORiGAGEE, as fulty ard complere~y as if all of the sa~d sums of money were orginally sripulated
to be pa~d on such day, anything. in sa;d prom~uory note or in this Mortgage to the tontrary no~withstand~ng; and thereupoo w thaeafte~ at ~he opt~on of
faid MORTGAGEE, wirhout ~orice or demand, suit a~ taw a in equity, therefwe or thercafre? begun, may be proxcuted as if aN moneys secured hereby
had matured Qr~Or to its inttitutiort.
7. That in the evem that at the be~inning oi w at any time pending any wit upon this AAortga~e, a to foreclose it, or to rciwm i1, or to e+~fores
payment of any claims h~rcunder, said MORTGAGfE shatl apply to the Cov~t having jw~sd~a~on fhereof for the appoi~tmenl of a Qeceiver, such ~ourt shaU
(enhwith appoint a rectiver of sa~d mortgaged property a!i and singufir, includ~ng all and singu~ar the income, p+of~ts, iuues and revenues from whatever
source derived, each and every of wh;ch, it being expressly unders~ood, is hereby mortgaged as if spec~fically ut forth and deacribed in the granting and
h;kxndum clsuses hereof, and such Receiver sha11 have ail tfx broad a~d efiective funct.ons and powers in anyw~se enrrusted by a Co~rt to a Receiver, and
acch appointment ahall be made by sucA Court as an admitied equity and a ma+te? of absolute r;ght ~o sa~d MORTGAGEE, and w~Mwut rcference to the
adequacy w inadequacy of the value of the properry mwtgaged or to ~he so.ve++cy o~ ~nso:vency of sa~d MORiGAGOR a the defendants, and that such
renu, profits, incane, iuves and revenues shall be appiied by such Recriver a.cord~ng w ~he t~en er equ~ty of sa~d MORTGAGEE and the practice of such
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8. To duly, promptly and fully perform, diuha~ge, execute, effect, complete, comply w~th and abide by each aod every the stiputatior~s, agreements,
conditions and covenants ~n said promisswy rtate and th+s morrgage xt fath.
9. Thar in the even? ~he ownersh~p of ihe mortgaged prem~ses, ~ any part the~eof, becomes vested in a person orher than the MORiGAGOR, the
MORTGAGEE, its succeuors and asi~gns, may, withaut notice to tMe MOR7GAOR, deal w~th such wccessor w su~cessor in interest with reference to this
mortgage and ihe debf hereby secured in the same manner as w~rh tAo~tgsgor w;thout in any way vis~ating w d,xha,ging the Mcrtgagors' liabitity herr
~nder or upo~ the debt hereby secured. No saie of the premius hereby rtwrtgaged ~nd no fwbearanee on the pan of the MORTGAGEE w its successws
or assigns and no extension of the time for the payment of the debt hereby secured given by the lhORTGAGEE or its successors w auigns, ahall operate
ro rNease, d~sciwrge, motlify thange w affett the orig~nal tiability of the A+IORTGAfaOR herein, either in wFwk or in part.
10. N is specifically agreed that t;me is of the csse~ce of this coner~ct and that ra waive~ oi any obligation herevrxler or of the obligaYwn se-
c~red hereby shall at any time thereafter be held to be a waiver of the terma hereof a of the instrument secured herby.
I 1. In add~tio~ to the forego ng monthly payments of princ"pal nnd interest requ~rec~ by the prom:ssory no!e secured hereby, morfga~ar covenants
and agrees to pay to mo:tgagee v+;th each momhly payrnent an add;rional sum es+~mated by matgagee to be equal to 1, 12 of the anoual cosi of the follow-
ing:
A-All real prope.ty taxrs leviz~ w assessed aga~~st thc anove descr;y~d real estate.
B-Prrmiums on iire and windsrorm insurar.ce as herein requ:red to be car~~<_d on the Smprove~neats s:tuare on the above desc~ibed p~emises.
C-Piemiums o~ such mortgage guaranty ir.surar~ce as mortgagee shatl froT t;me to ti~ne deem fit ro wrry on the toan secur~ hereby.
Mortgagee sha+l from time to time notify mortga9or in w.iting of the az+ount due ar.d payable hereunder and such sum shall thereupon be due and
Gayable on the due date of the nezt month:y payment and each success~ve month tfiereafter urtit mortgagee shall nofify mortgagor of s change in such
a~,ount. $uch sums sFail be applied by mor~gagee loward the paymem of reat propcirty taaes, insurance prem:ums, and mortgage gvaranty insurance
o•emiums.
' IN WITNE55 WHEREOf, the sa~d MORiGAGOR has herevnto set his hand a~d seal the day year fint aloresaid.
~ Sgned, Sealed nd delivered in t nce of:
~ ~ ~~~r ~ • Scaq
! Witl1C58 S fC'~MGCG'd hA R. W1150I1 ~ a4
(
~ - Sea4
~ Witness: ohanna Wilson ,~f
~ /f/
g S7ATE OF t1~A ~
E / S ~'C_~~ -~J ~
~ couNrY of 1
; John F. Nilson
Eefwe me personalty appeared a~
~ Johanaa ~lSpl1 his wNe, to me weU known and known to me to be
; the individuals desvibed in and wFw executed the fo?e~a ng instrument, and eclcnovr{edged befwe me that they executed the same iw the purposes
~ rherein ezpresxd. And the sa~d Johanna 11T11aOD
: rv~~e of the said JO~lII F. W~xSOII upon a separate and privare
~ examiaas~an by me taken separate and apart from her said hu~band, acknowledged to and before me that she execused sa~d instrument freely and voluo-
' ranly a~d without any compuSsio~, constraint, apprehens~on, e of w from her said sband_
~ WITNESS my hawd and offictal seal this da of Au~llSt ~I`~~~>-
Y A:~~ ~
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,,~,~,.+Y~'.~..•.~ ~s
,
_ Notary Publ'K in and fw the State of f -~,~1ar~ t,
Return Ta: My ~~~ti~~~i"~1ANSOLDO ~~~j ~ ' ~r; ~ ~ =
, 9 t~` Y F~~_,~ ~
= fint Federsl Savin s 3 loan Association vF 1E~SfY%'._~~ jA" ~ ~
= O/ fort P;erce- hty f.;',., ._s.u
; is~ ts f1c.~ ,~:tr ?3. !b~'•% ~~~Q 1~
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: Fort Pierce. Florida - , : : ` ~
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This Instrument Prepared ByRiChard V. Ii~pe ~T.lUC1% 1 . -
ROGE"* F4ti;itAS
~ First Federal Savings 8~ Loan Association ~1tT COURt -
- o f F o r t P i e r c e R l o z
i d a CLER!.~~.T~ep~-~ _
' RECORO Y- ~
~
~ Checked By 1~ ~ ~ t~ 'j~l ~
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~ eo~K Pn~ 597 ' S ~
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