HomeMy WebLinkAbout1654 7. Io place and <Ont~n~O~siy k¢ep un ~he bu~ d~:~3s now a Lrreofler ?;ruete on sa~d ~a~+d and on a~~ ~q~~p~+~rn1 and personally ~o.cred by ~his v orrg-
~gs, w~rh al! prrn~iuu~s thcreo~ pa d ~n fu11, hre ina:,re•~cr m the us~~l sfenderd ~,o!~ty form, in a~vm appiovrd by thr h10R~iiAGEE, and wmdswun
;n~uronce ~in ~he ~s~al s~and.,r~ ~Lcy form, in a s~~n e; ~~rov4d by ~he l110RTGAGEE, in tuch canpany or cor~pan~e: as ehe MORTGAGEE ~+ay
dirett; and ail (he and w~nduorm msu~ance pot~t~rs on any of sa~d bu~~d.ngs, any inlereal ~here~n o~ part thereof, i~ tF~e a99rrga~e wm sfores~~d o?
in ercess Ihrre~f. ~hall :onra;n ~ha uswl aia»d~rd mo~~g~yee c,euse or s~:h o~he~ c;ause as Ihe Mortgayee may rey~~re, ma?Irg ~he ioas undr~ »~d polf
cies, each and av~ry. pay~b~e to sa~d b1JRTGAGEE as ~~s int~rral may aypea~, and eacA a+~d eve~y wch µ~:~cy shell be prornpfly ass gr~~d a~~d de~~:ar~ d ~o
sny hrld by sa~d h10RiGAGEE as furiher saw~ity ro aa:J n~or~yage deut, and, not less ~han ten (10! days in 3dvJ~1C! of the eYpira~~on of each pof~~y, to de-
~iver to said MOR~GAGEE a re~:ewai ~hcieot, toge~hrr with a rrce~pl for tha p~rmium of such renevai; and fhrre s~~ail be r~p t~re or win;ls~onn insurance
pleted on any of said b~ild~ngs, any interesl fhe~e~~ w pa~t thereof, ~nlr~s ~n ~he form a~~d with the toss payabie as aforesaid; a~d in the e~ent any sum
of money becwnes payabiz under ~uch pol~cy or poLues sa~d h10RTGAGEE ~~~II h.?ve ~he opi~on ro recr~ve and apNty Ihe sa~ne on accouro of rhe i~~d~bevd~
ne3S Sec~rrd M:reby M t0 prrmA :~~d raoRtcA~o~s N reCrive and ufe iT O~ any part tbo:eof Icr o:ncr },u~y•cses, ~•.~t~~o~l lh_~. u~ .v~~.; l7 ..r u~,~oir-
ing any eqvity, I~en o~ right under or by vi:t~r of this mortyage; ai~d in the event sa~d MORiGAGORS thatl for any ~eason fail ro kcep ~he sa:d prem;s:s so
inawtd, o~ fail to deliver prpnptly any of said poi~t~es o1 insurente 10 fn~d MORiGAGEE, oi fa~l pro~nptly to pay fully any prem~um tnerrfot or in any
respect fai! to perlam, d,scha~ye, executr, effect, complztr, co-npty wiih and abide by th~s covenaM, w any p.,rt ha~eof, said MGRiGAG~E may p~ace a~~d
pay for a~ch insur,nce or any part thrreof w~thou~ waiving or af(ec~;ng any option, lien, equrty, or ngM under a by virtue o1 ~his hlortgag•r, and the
fulf mnovnt of each and e.ery wch payn~en~ shall be ~m~nediately due and payable and shaU brar 3~t~~est irom ~he dote thereof umil pa~d at the rate of
nme per cer~turn pe~ annum ~nd toqethrr wnh such intercet sha~~ be s~ur:rd by the lien of Ihis mortgaga.
4. To permit, comm~t o~ sufter no wastr, impairment O~ dctttiOration Of said pro;~erty w any part thereof.
S. To pay aSl and singula~ ~he costs, charges and expenses, includ~ng a reaionable attornay's fee and costs oi abstracts oF title. +ncurred o~ paid at
:~ny rin:e by sa~d MORIvAGtE, because w in ~he evem of the ia~wre on the par~ of ihe said h10RTGAGOR ro duly, promptly and fu~ly p~rform, ducharge
~xe:ute, effec~, cwnp;eie, comply w~th ar.d ab:de by each and every the st~pula+,ons, agreen~ems, cor.J~hons, and covenan~: oS sa~d pro~r.issory note and ~h~s
^±ortgaga any or e~iher, and sa d cos~s, charges ard expenses, each and every, shal! be in,med~ately dve and payable; whe~her o~ not there be no~~ce da
mand, atten,pt to co:tect or avit pend~~g; and ~he full amoun~ of each and evary such paymem sha11 bea. interes? from Ihe date thereo4 umil pa~d at ~he
~,~r~~ o~ r.~ne pir c~-nr~n, p~r an~wn,; o~~c: ~II said :w~s, charg,:s a~~d cx:~rnses incu~red w pa~d, tog~ther w~lh wch interest, shall be secu~ed by ~he Len of th~s
murtgage.
b. That (a) in the event of any brrach of th~~ Mortgaga or default on tM par~ of the MORTGAGOR, or (b) in the event sny of sa'd tums of money
herein referred to be not p.o~e~}~!ly and fulfy pa~d ~vithin thl~ty (30) days neat aite~ the same se~era!ty become due and payabte, wirhour dernand or notice,
er (c) in fhr evenr each and every the atipv:ar~a~s, agreemenu. coadrt~o~n and covenanta of sa.d p~omiSSOry note a+~d th~i mortgage any or either are not
~~iy, pranp~ly and f~;ly ~riorn,ed, d.x~~orgad, execut~~d, effected, cwnp:efrd, compl.ed with and ab~ded `~y, the~ in e~ther w any such event the sa~d ag-
gregato s~m mentwned in said pro~n~sswy nc,re the~ re~r~aining unpa~d, w~th inlerrSl aarued, a+~d ai! monrys secured hereby, shatl become due and pay
eb:e forthwith, o~ ~hereafrcr, at the opr~on of se~d h~ORiGAGEE, as tul~y and comp;e~ely as if all of the said aums of money were or,ginalty supu~arrd
ro be pa:d on such day, anytF,~ny in sa d pro:n,ssory note or in th~: Mortgage ro the con~.ary notwi~hs~and~ng; and fhere~pon or thereafter at the op~~on of
s~:d MURTGAGEE, w~thout noace o~ demar.d, su~t af taw or in equity, iherefore w thercaher begun, may be prosecuted as if all moneys sec~red hereby
n.:d mawred pnor to ~ts inst~t~non.
7. That in Ihe event 1I131 at the bry7nnL~g of w at any ti~ne pending any suit upon this Mortgage, or to forec~oae it, or to reform it, or to enferce
paymen~ of a~y ci,i~ns he+eur~d~•r, sa~d MURTGAGEE shat! apply to the Courf havir.g jw~sd:csion thereof tor the appointm~nl of a Recei~er, such Cuurt shall
forthwith appc~nf a recei~er ot said mo~~gag~•d proprtty all and sin~~tar, inctud~ng ail and sinqular the ir.come, profits, is3ues' and ~evrnue~ from whatevet
so~rce drrived, each and every of wh=ch, ~t be.ng eaprras!y unders~ood, is keret~y morrqaged as if speuieca!!y xt (orth end deuribed in the g~anT~ng and
habendum cta~ses hereof, and such Rece~ver thail have all the broad and effec!~ve funct,ons and powas i~ anywise entrusted by a Court to a Rec~iver, and
s:,ch appointment shaN be made 6y such Cowt as an admittrd eq~ity and a matter of abso:ute r~ght to said MORTGAGEE, and withcut re(erence to the
adeq~acy o~ inadrquacy ot rhe vaive af the property mo~~gaged or to the so.vency o~ inao~~~ncy of sa~d MORtGAGOR or ihe detendants, anc~ that such
ren~s, proiits, income, issues and rever.ues shall be app~;ed by wch Recriver accord~ng to the lien w equity of sa~d MORTGAGEE a~d the prauice of such
CouA.
8. To d~!y, promptty and fu:ly perfo~m; d~scharge, execute, effect, compiere, cor.~piy w~~h and aUlde by each and every the stipulations, agreema~ts,
cond~tions and covenanrs ~n sa:d prom~ssory note and fh;s mortgage set forth.
9. That in the e~ent the owr.ershlp of the mortgaged prem~ses, or any part thereof, Eecomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its success:.~s and ass~gns, may, w~+hovt ncnce to the A:pAiGAOR, dea: with such successor or svcsessor in interest with reierence to this
mongage and the d~6t hereby src~~ed in the same manner as with tSortgagor w~thout in any way vil~ating or d~xhargi~g the Mcrtgagors' liability here~
under or uFon rhe d:rbt he:eb~ secur~•~. No sa:e of ft~e Fre:s~:srs hereby mortgaged ard no forbea~an~e on the part of the MORiGAGEE or iri svctessors
or ass~yns and r,o extens:on ot rhe h:,,_~ io• the payment of th. d~•bt hereoy securzd given by the MORTGAGEE or its successws or aulgni, a~talt operate
ro re~ease, d.scharge, mod;fy change or affect the origmal li;u,i,ty of the fdORIGAGOR herein, eithe? in whole or in part.
10. It is spec~f~ca~ly agreed that ti~»e ~s of the essence of this contract and that no waiver of any obl~gation hereunder or oi the o6!igation se-
c~red hereb/ sha~: at any time ~hereafter be he;d to be a waiver of the terms Aereof w of the instrument secured herby.
11. In ,;dd.t;on ~o rhe forego ~~g ~nonth!y pay~nc•nrs of pnn; pal and inrer~st requ~red by fhe prom~ssory no!e secured he.eb~, mortgagor eovenants
and agrees to pay to ~-~~•~gagec xith ea:n r.:en~h'y pa;~ :em an add,nonal wm t•st:~~.ated b~ mo:tga~ee to be equal to 1; 12 of the an~iuai cost of the foliow-
~ng:
A--Ait r~a~ prope:ry tsxes Ir.ied o+ assessc~i ay3,•~sf !hc ai:~ve desc•ihcd reai estate.
E P:. ~^s or. f~re and r:~ndsto:~r. ;r.soraa:e as i:erc~n cequ,r~d to bc ca•ned on the imrroveme~ts s;tuatr on the above dascribed premises.
C-Pre~n,~,r~s on svch rr.ortg~ge guaranty ir.svra.ce as ma~rgagee shail fro:r tme to rime deem fft to carry on the (oan sewred Rereby.
RSortgaqee sha ! f:cm t,~ne to n r~e norif~ mo•tyagor ;n wr~t~ng of the ar.:ou~t due and payabfe hereundrr and s~ch sum shall thereuron be due and
E;ayab!e on thr d:;e d~!e o"r rh> next rncnth'y payr.,ent and each successive month thereafti•r ur.~ii mcrtgagee ahall not~iy mortgagor of a change in such
a~~oum. Such s~~:ns si ~:i tie ap~~tmd uy mor,gag ~e ~o vard the payrf,ent of real preperty taxes, ins+:rance prem,ums, a~id mortgage guaranty insurance
orem~ums.
L WITHE~S ::HER~Of, the s ORTGAGvR has hereunto set his h~nd and seel the da~ and year first atoresaid.
~ ~ed, a a~d deG er ~~n t res ~ce o~f: ~ ~
_ __-~~V,~'~ ? " ~~~C~/ ~c-ir;- ,~-L~ _ .'1
_ (Seat)
:ti ' e s EY e t G o z i h ~~a~~
. `~.4 - Li~ - ~ L t"Z-~ -~a~
Y ~
I Witness h lseaq
i
~ SiA1E OF FLORIOA •
I ~
M COUNTY Of St . Li1C le
Before me personally appeared - EZAe SL~GOO(~t 1C~'1 and
r i_ ~ CeCll@ Ci00C~1' 1Cf1 _ his wife, to me well known and known to me to be
the individ~ais descr~bed in and who exec~ted ! foregoing instrument, and acknowfedged before me that they executtd the same fw the purposes
I
f therein expressed. And the sa~d_ C-.__
ecil~~/Goodrich ~~~~~~~l~~
.?ife oF the said _ L Z1Ct1 ~on a~eparate ~n8',privde
t - ~
e,cam~nat.on by me ta4en separate and apart from her a~d hus a~d, acknowtedged to and before me that she executed said'inyjrorrlen?dteejY~ai~ dqlun-
_
~ rar,;y and w~sha~t any cornp~;sion, co~straint, ap~~ehe :on r of ot from her s"rd hu -
i ~YtT(VE55 my hand and offic~al seal this_- _ day of ~ ~`A' •14~= ~
! ~ - ~ t~ - -
i ! t ' ~ y,t
-r ~
otary Pu61it in and ~or the Sfdta~if F{oyd• i L~e _
_ My Comm~ssion exp'aes: ~ • ' ~i • ; ~
Rei~rn To: i ~ ~ ~ •
1~ i. .
~ Frrst Federal Sav+ngs 3 loaa Asscciat,on ~i,_ ,
I - . ~i. .S~ r _ ~ r ~
rc•t P..;rtg. . ~ ri ,
~ For. Gic~ce. fiorid+ . • .r•'` ' ~L` ' • 1:3 ,
, . , _ , „ . f 97T
~ Co
t -
~ This Instrument Prepared By William J. Forbes ~ f~LEO ~4_~ ~EC4RDfD
' First Federal Savings 8 Loan AsSOCiation S1.LUCt{ ::1M~ASLA.
i Rfi~,~ -
; of Fort Pierce , F lor ida c F. ; COURT SO
~ Fr~,: =`t; ~
~ " 9
'i Checked By ~ ~ -
MAR 5 8 ss AM' 1~1
! ~ ~ 224 rncE~653 Sb
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a r .a ~ ~ ' i ."'i ,s:R Fi^-~
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