HomeMy WebLinkAbout0012 To place and cw+rinuously keep on ihe buitdings now a hereafta ~~~wts on ~atd land and o++ +11 equipnent and pason~fiy covered by thii mortg- i
y~, with ~II premivms the~eon pa:d in fvll. (~re insurance in ~hs u~ual ita~dard po~icy form, in • tum approved by tM MOR(GAGEE, and windsto~m i
insuranc~ in tM usuat ~~andard pol:cy fam, in s sum approved by the MORTGAGEE, in iuch compa~Y w ca'^P+^~K ?s tM MORTGAGEE m+y
dinctj and all (i~~ ~nd w~nds~orm insura~ce pol~c;es on +ny of sa~d build~npi. ~ny infe~eit tF?er~in w p+rt thereof, in tM ~pgreya~~ ~um ~taes~~d o~
In ~xtet~ thereo(, tMll co~tain the ~sua~ atandard matqaye~ tleuu ot such othK dauss as ~M Morty~yes m+Y requ~rt. makin~ ths toaa unda sa~d po~4
ci~s, each aod w~.y, paYabfa to u~d MORiGAGEE as ~~s interest may appear, and each and eve~y tuch po~icy sMll be p~ompNY s~s.9^ed and deGvered ~o
•ny held by said MORiGAGEE as tur~her security to u~d matya9e debt, and, not Itss than ten (10) da+fs in edvance of ~Fu expiration of each poticy, to d~-
liwr to wid MORTGAGEE • renewal thereof, toqNhK with a rete~pt fo~ the p~an~um of svch ren.wal: +nd then shall be r?o f~r~ or windstorm insu~anc~
placsd on any o} said buildings, any interei~ Nwre~~ or p+rt thereof, unless In the form and wi~h tl+~ foss p+y+ble as ~faesaids ~~d in ~M •vent a~y ium
of money becwnes paYable unda such policy w policies said MORTGAGEE shall ham the optio~ to receive snd apply ths sanw on accouM o( ~he indebtad-
nsss secured Mreby a ro permit said MORTGAGORS to receive and uss it a any parl ther~of ior othe? purposes, w~ihout Ihareb/'waivin9~emifesd1so
iny any equ~fy, lien w~~ght under w by virfue of ~his mo:tgage; u+d ~ht evem ~a~d MORTGAGORS shall fa ~ny reason fail fo keep he said
i~su~ed, d~ fsil b deliver prompNy ~ny of said po~icies of insu~+r+ce to s~~d MORTCsAGEE, w fail promptly ro pay fully any premium therefor a in a~Y
respect fail to perfam, discharge, executs, ei(ec1, complete. complY 'Nlth and ab~ds by this covenant, o~ +nY Pa~t herwf, sa'~d MORTGAGEE m~y plsce +nd
paY te~ tuch insu~ance w any part thereof without w~iving a affeuiny ~ny option. li~n, equity, w righf u~der or by vi~tue of ~his Mwtgage. +nd the
full amount of each and ~v~ry such payment shall be immediately dw and paYable and shall bear intaest from ths dats the~eoi v~til paid at the rate ot
nine per centum per annum and together wilh such intere+t shall be secured by the lien of this mortgsge.
1. To permit, commit w sulfet no wsste, impairment w deterioration oi uid property w any parl lhereof•
S. To pay all and singular tAe costs, chargef s~d expenses, including s reaso~abfe attwney's fee and costi of abstrads of title, incurred w paid at
a~y time by sa~d MORiGAGfE, because w in the evdnt of the failure on the part of the taid MORTGAGOR to du1y, pranPtly snd fully perfwm, d~scharge,
execute, ef(ect, complete, comply with and ab:de by esch ~nd every the stipulations, sgreements, conditions, u+d mven+^ri of wid pra*~~ssory note and ?hi~
mortgafls any or either, and said coats, cMrges and expenses, each and every, ahall be immedi+tely due and payable; whethe~ w r+o~ ~he~e be ^otKe de
maod, attempt to colktt w svit pending; a?xJ the full amount of each and erery such payment shail bea~ interest from the date thereof vntil paid at Iht
rare of nine per cenfum per annum; and all aaid costs, charges and ezpenses iacurred or pa~d, together w~ti? such in~erest, shall be secured by the lien of thi~
mOflgAgO.
6. That (a) in the event of any lxeach of th~t 1Nortgage or default on the pa?t of the MORTGAGOR, or (b) in the eve~t any of sa~d svms of money
herein referred to be not prompfly arsd fully paid wi~hin th~rty (30) days next afte? ihe same severalty become due and payable, without demand w notice.
or (c) in the event each and every the stipulatior~s, ag:eemeros, cond~tions and covenants of sa~d promissory note snd thi~ rtwrtyage any w either are not
~uly, promPtly and fulty performed, d;scharged, executed. effected. completed. complied with and abided bY, t~+ ~ either w any svch eveM the sa~d ag
gregate sum mentioned in aaid promiuay no?e then remaininy unpaid, with interest attrued, and all moneys tec~red hereby, ihall become dw and pay-
able forthwith, or ~hereafte~, at the option of said MORTGAGEE, as f~lty and completely as ii all of the said wms of mor+ey were a~ginalfy st~pulated
to be pa~d on such day, anything in sa[d prom+ssory note or in this Mortgage to the contrary notwithstanding; and thercupon w ~hereafter st the opt~on of
said MORTGAGEE, without notice or demand, suit at ~aw or in equity, therefore a thereaiter begun, msy be prosecWed as if all moneys san+red I~ereby
nad marured p~~or to its institution.
7. That in the event that at the beginning of or at any time pending any su+t vpon this Mortgage. w to fwetlose it; or to reform i1, or to enfwce
paymcnt of sny tlaims hereunder, said MORTGAGEE sMli apply to the Court having jurisdictioo ~hereof fa the appantment of a Receive~, such Covrt shall
forthwith appoint a receiver of said mwtgaged propcrtY all and singular, includ~ng all and singutar the income, prof~ts, issves a~ reve~ves f~an whatever
source derived, each and every of which, i~ being expressly unde~stood, is i~ereby mortgsged ss if specifically set fath a~d dew7bed in ~he granting and
habendum clauses hereof, artd such Receive: shall have all the b~oad and effective furict~ons and powen in anywise entrusted by a Court to a Receiver, and
wch appantment shall be made by such Cour~ as an admitted equity a~d a~*+a~ter of absofute ~ight to said MORTGAGEE, and withoul refcrence to the
adequacy a insdequacy of the value of the property mortgaged or to the so~vency or insolvency of uid MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shal{ be applied by such Rcceirer according to the lien or equiry of uid MORTGAGEE and the pract~ce of such
CauA.
8. To duly, promptly and iully perform, d~scharge, execute, efiect, complete, comp~Y with and abide by each and every the stipvlations, agreements,
conditions and covenants in sa~d promisswy note and this mortgage set forti~.
9. That in the eve~t the ownership of the mortgaged pren+ises. w any pa?t thereof, becomes vested in s person other than the MORTGAGOR, the
MORTGAGFE, its successors and assigns, rtcay, without notice to, the MORTGAOR, deal with such suctessor o? successor i~ imerest wi~h refeience fo ihis
mo~tgsge and the debt hereby sctiured in the :ame manner arwith Mor~gagw without in any way vitiating or dixharging the Mo?tgagors' liability herr
under w ~pon the debt hereby secu.ed. No sale of the Fremises hereby mo.tgaged and no forbearante on the part oi the MORTGAGEE or its successors i
cr assg~s and no ex?ension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suttessors a ass~Q~s, sha~~ operate
to release, d~xharge, nwdlfy change or affect the arig~nal liabil~ty of the~MORTGAGOR Fkrein, eithe~ in whole a in parl• }
10. It is spedfically agreed that lime is of the euence of this contrad and that ~o waiver of any obtigation hereu~der w of the obligation k- !
cured F~ebY shall at any time the?eaher be hetd to be a waiver oi the terms hereof u of the instrument secu?ed herby.
11. In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the promissory nore secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthiy payrr.ent an add~~ional sum estimated by mortgagee to be equal to l j 12 of the annual cost of the follow-
ing:
A-All real prope~ty taxes levied or assessed against the above descri5ed reat estate.
B-Premiums on fire a~d windstorm inw~ance as here~n reqv~red to be carried on the ~~p~ovemtnts fiwate on the above descr:bed premises-
C-Premiums on such mwtgage guaranty insurar~ce as mortgagee sha:l from t~me to time deem fit to carry on the loan secured hereby.
f Mortgagee shail trom time to time nor~fy mortgagor i~ writ~ng of the amount due and payable hereunder and wch sum shall tF~ereupon be due and
Fayable on the due oate of fhe next month!y payment and each successive manth thereafter urtil mortgagee :hatl notify mortgagor of a change in such
~ a~~eum. Such sums shall be applied by mortgagee toward the payment of reai propeAy taxes, insurance premiims, and mortgage guaranty iosuronce ;
~ oremiums. ~
~ IN WITNE55 EREOF, the said MORTGAGOR has hereunto set his hand and sea~ the day and ar fint afo~esaid_
~ $igned, Sea1 nd delivered in the presence of: {
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~
~ SiATE OF fLORIDA ~ , , .
55. _,c.~i:~;
COUNTY OF •~.~cu~1e_- . . •:~F;;, .
~s. ' • . .
~fa~ „M peMOna,~Y sppea,ed James M. Moore = ~ ~ ~--=~'F , • ~
Sarah J. Moore his wife, to me well knoNiw.~r?d k~wwn~lo~ro~ ;t,~o`~~ 'f
the individuab described in and who execvted the fotegoirg instrument, ~nd atknowledged before me that they executed- t!~!.'sa~l'~s.fM'thQ Wr~DN~~„i
Sarah J. Moore - '
rherein exp?essed. And the said
w~fe of the sa~d Je?m@S M. Moore `'v~an ~.s~parate u~d pr~rati.,~ ' t.
examinaiw~ by me taken separate and apart from her tsid husband, atknowledged ro and before me that she exetuted sa+d'in~trurt?erii 4?eelY-+^~ ~Y~ .
rarily and r•Fthout sny computsion, constraint, apprehens;on fear of or frdm her said husband. G; -
WITNE55 my hand and official seal thi ~ March A: D. 19~'
~~ry~ • ~I • ~\1 i
i . F!~ 2 :~..Y- _ ~
otary u lic in and fw State of Florida at~ i'~ `
s
My Commissan expires: ` ~ "
~ Retum To:
' First Federal Savings b loan Association Notary Public, State ot Fio;~da at larye
~ of Fo~r v,e.~e. My Commns'an F:pires Aug. 12. 1916
Fort Pierce, Fbr+da b~~,r A~~ a~~ C~~•~
i1t~0 A~ ~ '?f. C~~OEO
iT.LUCs~ CO~uN~AS~A.
~ r This Instrument Prepared By RiChard K. Ka?yes R~"'~ ~ ;,p~dRT
,
~ First Federal Savings & Loan Association ~~Ea" ~
aFtcN•~ .
of Fort Pisrce ~ Florida ~
Checked By M~ 9 34
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E: j 225 P~ ~2 . .
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