HomeMy WebLinkAbout2584 To place and cominuously keep on the bui'.d~nys ~ew or hr~eafter ~~tvate on ia~d land and on ali cq.,~p~nrnr and personaliy cover~d by th~s mo~tg• •
e9e, wi7h all pre~:~ums thereon pa~d ~n iuii, fire ~ne~~a~~iv ~u tt:~ ..~.,s! tt,;::~;r~ p~!ir~t f~rm, in j s~~•~ ai•pro.ed bv thr MOR~vAGEE, a~~d w~ndsio~m
insursnce in ~he vs~al standa~d pot~cy torm, in a i~m appro~ed by ~he MORTGAGEE, ~n such coanpany cr compan;es as ?he M021GAGEE mry
di~ecf; •nd aN (ire and w~ndsto~m insurante policies on any of sa~d bu~~d~r+ys, any imerest therein or part lhereol, in the aggregate w~n aforosa~d or
in excess thereof, shall contain ~he usuat sta~:dard mor~gagee dause or such other dause as the Mo~tgayee may requ.re, maYi~g ~he Ioss unJer :a~d po+i-
cies, each and ~very, payab:e ro sa:d h~JRTGAGff as ~ts rnr.r~st may appEa~, and each and every such pu~~cy s?~a11 t~ promp~ly au ~ncd a~~d Jet~ver.•d +o
eny held by sa~d htORTGAGEE as {urthe~ ~ecurity to said matgage debt, and, not less than ten (10) days in ad•+a~~ce ol the eapi~at~oo oi each poi~cy, to de-
liver to uid MORTGAGEE a renewal ther~ol, togethe? with a rece~pl fw the prem~um of tuth renerrel; and ehe~e shall be no f~re cr wu~dsto~m inwrance
,r•?esed on ar~y of w;d build~+gs, any interest therein w part thereof, unless in ~he (orm and with !he los: payabfe as aforesaid; and in ~he e~ero a~y sum
o( mo~ey becomea payable ~nder such policy w pol~cie~ sa~d MUKiI,AG[E ~~~aii have ~ne oN+:vn Iu ~ri~~.a a~~3 apYiy tha sa::~e on ac.ov~~ oi ehe i+x~rbta`t~•
ness secured hereby w ro permEf sa~d ~AORTGAGORS to recc~~~z and u~e it w an~ pa~t ehereof fo~ o:n•,r ~:or; os~-s. :..~~,.~r ih_.~ ur •7 ^~..~r-
ing any equ~ly, tien or right under or by vi~tue of th~s mcrcgage; and in the evrnt sa:d MORTGAGORS sha!I for any re.;son iail to kcep ~hc sa~d pre~n~s:s so
insured, W fail t0 dtliv0r p~anp~fy dny trf Ss:~ r!€t:cs uraRi! 10 Sa~d M(_~Qt(;AGEE, or f~i! p:en~pfly t0 pay luity any pre~~~~~•n the~e}ot or in any
iespec? fail to perfwm, d~scharge, execute, efiect, canp! ply with and abide by th~s covenant, or any p~~t hereof, sa~d MuR(G:.GEE may piace a~,o
yay to~ iuch insurence or any parl thereof wnhout wa' or affectinq any option, lien, eqwty, or r~gAt under or by vu~ue of thi• hlortgaye, a.~d rhE
futi ameunt oi eath a~d every such payment shall be iinmediately due and payable and shall bear intertst from ~6a da~e thereoi u~~hl pu~d at the rate ol
n~ne per ce~tum per ann~m and tcjetFur with such inferust shali ;~a sxured by the lien of this mortqage.
1. To petmit, tommi~ or su{fer no wasfe, impair~nent w dettrioration oi said property or any part thereof. ~
S. To pay all and singula~ the co:ts, tharges and expenses, including a reasonable at?orney's fee and cosrs of absrracts of tetle, incurred ar paid at
any time by said NIORiGAGEE, betause or ;n thc event of the failure on the part of ~he said MORTGAGOR to duty, pro,,,prly and fully perform, d~scharge.
execute, efied, complere, comply w~th and ah:de by each and every the st~pulanons, agreemems, conditions, and covenents o~ said prom~ssory note ar~d th~s
rnortgage aoy or either, and sa~d costs, charges aRd expenses, eath and every, shal! be immediately due and payable; whether w not rhere be ~ot~ce dr
mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bear interest from the datt thereof ~ntil paid at the
raie ~F nine per cemum par annu:n; ond alt said co:ts, charges and e~~nses incurred or paid, to~ether w~rh such inrerest, shall be setwed by the lien of th~~
rr.orfgage. j
6_ That (a) in the aven~ of any breach of this Mortgage or default on the part of the MORTGAGOR, or ~b) in the eve~t any of sa:d sums of money
herein referred to be not pranptty and fully Faid w~thin thuty ~3U1 days nexf aiter the same severatly become due end payab!e, wishout demand or notice,
or ~cj in fhe event each and every the stir,u~at~ons, agreements, cond~tions and covenants of sa.d promissory notr a~td th,s mortgage any or ei~her are not
iu;y, promptly and futty per(ormed, d.scharged, execated, effec?ed, ca~pleted, compl~ed with and abided 5y, then in either or any such evenf the sa~d eg
gregate sum mentioned i~ sa~d promisso~y note rhen rec~aining unpa~d, wnh interesl acuued, and ail moneys secu~ed hereoy, shall become due and pay
able fo+thwith, or thereafier, at the op!~on of said MORTGAGEE, as (ully and completely as if all of the sa~d sums of money were onginaEly st~pu;ated
ro be oa~d on such day, anqthing in Sa:d promfssory note or in th~s Mwtgage to the conrrary notwithstanding; and thereupor. or thereafrer at the opt~on of
~ Y, usc. y:.:., :...i :t .11 .......e..a cnr....ovl F~wPEfv ~
si~d MOR7GAGEF, w~thout nonce or tlemanti, suir ar iaw or in tni " c~O~@ a: :cw:.,.~... ' `
n~d mdtured pnor fo ~ts msl~TUtion. f
i
7. That in the event !hat at the beginn;ng of or at any time pending any ~u~t upon this Morfgage, or to forectose it, or to reform it, or to enfo~ce
p~yment of any daims he•eunder, said MORif,AGEE sha.l apply to ~he Court having ~urisd~ction fhereot for the appo~ntment of a Rece~ver, such Co~n shail
fcrthwith appo~nt a receiver of said mor~gaged property al{ and singutar, includ~ng aIl and s~nq~tar ~he inconee, profns, iiwes and revenues from whatever
seur~e derived, each a~d eve~y of wh~ch, it be~ng expressty undersrood, is hereby morrgaged as if spec:f~tally set fonh and described in ~he gran~uig a~d
h~bendvm dauses hereof, and such Receiver shai{ have all the broad and effective funct,ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and
r.:h appointment shai! be made by such Court as an admiited equity and a matter of absolute rigAt ro said MDRTGQGEf, and whhovf ~eferen~e ?o the
edeyuaq or irtadeqvacy of the val~e Of the property mortgaged or to the so~vency or inso:vency of sa~d IAORIGAGOR a the dcfendants, and that such
e~n, profits, income, issues and revenues shall be apalied by such Receiver accord~ng to the iien or equily ot wid MOR'fiGAGEE and the practice of such
Court.
B. To duty_ prompfly and fully perform, d~scha~ge, execvte, effect, complete, comply with and abide by each and every the st~pu~ations, agreements,
condifions and covenants :n sa~d promissory note ar.d this mortgage set forth. ;
9. ihat in the event rhe ownership of the mortgaqed p~em~ses, or a~iy part th~rcof, becomes vested in a person o~her than the MC~tTGAGOR, the
h',ORTGAGEE, its auccesson and ass~gns, may, wirhout nor:ce to the A'10RTGAOR, deai w,rh such successor or successor ~n mterest M,i+h reference to this ~
n~ortgage and the debt hereby sec~red in The same manncr as with :Aortgago~ without in any way vitiating or d~scharging the /~lortgagori liablldy here-
~:~uc~ w uN..+~ t+~e d~t: `c,e~; :-.,•~a. ":c _>'e ^f !ti• ~_•••~sAS ~.~•..tiy ..+e.tnaged and no forbearance on the part of the IhORIGAGfE or its successors
o~ ass~gns and no extens;on of the timc for the payn:ent of the debr hereby secured given by the MORiGAGEE or its successors or ass'gns, a~~all operate
ro reiease, d~xharge, mod~fy change or affect the orig~naf lian~l~ty of ~he N.ORTGAGOR herein, e~ther in whole or in part. :
10. It is specif~cat{y agreed ~hat ti~ne is oi the essence of this contrau and that no waiver of any obt~gat~on hereunder w of the obliyation se-
cured hereby shafi at any teme ihereafrer be held to be a waiver of the terms hereof or of the instrumem secured herby.
11. ln aod,t:en to the fo.ego n~ rnonth~y payments of princ pal and ir.terest requ~red 'by the prom:iso~y no!e secured hereb~, mortgagor covenants ~
d agrees to pay to mo•tgagee va~rh each mon~h;y payr.:ent an add.T~ona: sum est ~r:aied by mortgagee to be eyual to ~ f2 of the o+u~ual cost of the follow-
Ing:
n-A~i rea! propr~ty rax~z fe~~e~ or assesx_a aga;•:st thc above de;c~ibed real esta}e.
B-Pr~~,:~,,-ns oa f;re and wir.dsto~m insura~ce as nere~n requ;red to be ca~nrd o~ the :mYroveme~ts s~tvate on the above d~sa;bed premises.
C-Pre~nivrns u:~ svch moHg;ge guaranty ~r.svrar.ce as mo~tgagee sha;l frc~r t rr~e to time deem iit to carry on the loan sewred hereby.
Altortgagre sha~t from tlme to t~~e not~4y mortyagor m,arit~ng of the ar;~oonr du? and payable hereundar and s~ch sum shai! thereupon be due and
;~~ab~e on the dve date oi the next month;y payment ar.d each s~ccessive month thereafter ur,tii mortgagee sha!I notify mortgagor ot a change in such
~^oum. Such svms s6a:l be ap~.:ied by mortgag~e *ov.ard the payment of rea' property taaes, inwrance prem:ums, and mortgage g~aranty insurance
r•emivms.
IN WlTNESS 1t+HEREOF, the said MORTGAGCR has h~re~nro set his hard and seal the day and year first aforesaid.
Siqned, $ealed and delivered in the presence of:
. . .~,/~d~f~ ~L ' n
a
_ ~sgs ee A len t~a~~ '
it ,y .
~ - - - ~ laz ~A 1 l
?e?-~---e (Seal) :
(SeaQ
~ ` TE OF FLORIDA ~ ,
; ~our~nr oF _ ST. LUC IE
~ ~
; Before me personatly appeared ~loses Lee Allen
,~~s:: • , f~_ and
. `
` Hazel Allen `
j - his wife, to me well;Jinp~Or} e~5d A+iown fo me to be
rhe individuats described in and v.ho executed the ioregoing instrument, and acknow)edged before me that they exKUled JFtp~sarnE•fpr~the'.purposes
rF,erein expressed. And the sa~d f~a2@1 Allen • ;
! ' i:. ~ - ~ • -
' ti:Fe oi the sa~d ~`Sc~~~_Lee Allen + y~n a separate:and private
' r=am:nation by me takan separate and apart from her said husband, acknowledged to and before me that she executed ~id fiatr~r~l~? egty: and voluir
!a,ily and witF~out any computsion, conshaint, apprehens n, or fear of or f+om her said husbartd. i- :
` Novembez t~ : ~ - ~ 73
W1TNf55 my hand and oflie~al seal th~s__ day of . . % ~ A. D. 19 e
- - /1 f . _ . ,
_ .~.s :
Notary Pubtic in and for the State, 'fiocitl~ M large i
My Commission expires: '
Re~urn To:
First Federal Savin s d loan Asso:iat~on p~ ::I~. S':~~ E 0! f! vf ~flA at LARGE
9 t, ~.•';:.::.~v ix ~ ~:?T. 25. 1915
t' Y C
Of Fert v.~•-ce. Bar~ded 6y fu~~et~;.a1 6a:~k2rs Insuranea ~•o•
Fort Pierce, Fior~da
~i~~~~ ?M_: ~••ev~ QEa
This Instrument Prepared By John W. Collins 3i: ldGtit .~~~MTY flA.
First Federal Savings & Loan Association A' R!.~t.~ ~G~fiRAS
fi~~: ~.J T ,...,.RT
of Fort Pierce, Flozida pc+'=~F- .":•.t(FC' '
' Checked By No~ ~ pa pH'73
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R R ~ ~ 2ss345
~~~x ~zo PA~E ~5~p
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