HomeMy WebLinkAbout1552 3. To p~ace and 1U~11inVOWI/ I.°c•P on rhr L.: :~l: :~s ncw or f~:~eafte~ v~~ate on aa:d iand and ori all eq:,~N~r.ent and pe~sona~~y ceve~ed by ~h~s n•o~~¢
~gs, with al) premiums ~hc~eon p~.d in fu11, f~re i~swe~~cr ~n ~ha ufwl ~~a~~ard po~~cy iorm, in a sum J~.j~70rrCI bt the MOR~i,~Gtt, a~~d w~~Jsto+m ~ ,
+nsur~nc• In ~he ~sval s~ande~d pol~cy 1e~m, in s sum appro+ed b~ tha MrJRTGAGEE, such co~npany o~ cu~++pames as the MORIGAGEE m~y ~ s
di~ett; ~nd all (ire snd w:ndstorm insu~ante pohc~rs on any o( sa~d b.n~d~ngs, any iroerest Iherein or part thereol, i~ the aggreg~rQ sum ~~ore?aid w .
In tacesf Ihe~eoF, shall :ont~in the usual siandard mortgagae dause w such o~her tlause as IM Mwtyeycs may reyu~re, maAing ihe lo~s unde~ sa~d poli-
ciss, eath •nd every, pa~aLie to se~d A~JRiGAGEE es ~ts ~r,terest may apprar, a~:d each and every such poi~cy fhatl be pro~nplly aaa gned end de~~~er~d ~o
any heW by sald MORIGAGEE as (w~her secu~ity to sa~d mongaye debt, and, not le~~ than ~en (101 days in ad+~nce of ihe eYp~~at~an of each po~~q, to da-
liw~ to sad MCRTGAGEE a renewa~ thereol, ~o9e~har wiih s rece~p~ for ~he Frrm~um of s~ch re~ie++al; and ~1~ere st~alf be ~w f~~e or winds~cnn in~urance
plated on ~~y of ta+d bvildings, any intere?t therein a par~ thereof, unless in ihe form snd w~th the ~oss payable ai aforesaid; and in the e.znt any ium ~
of mw~ey becorues payable under wch policy a po~.uas sa~d MORTGAGEE ahafl have the apt~on ~o recerve ~nd apply the sa~~~e on account of +he indeb~ad•
nlff fKUrcd herlby M fo permit said MORTCiAGOR$ 10 reCrivr and ui~ it O~ any pait thrra;oi ior otiwr ~;~r~•~srs, v.~~.`~o~~t :hz~.ur v-~•~~~ ~"'p~'r-
iny any equity, lien or riyht under w by virfue oi this ~~o:~yage; and i~ Ihe evi•nt w:d MORTGAC+ORS shalt tor any rc~son fail to krep the aaid p~emis:s so
insured, w lail to deGve~ p~omptly any of said po~~cirs ol inw~a~tce to sa~d MORTGAGEE, ot fail promptiy to pay fu~ly any p~e~m~m therefw or in any
retpect fail to perform, d+ntharge, eaetute, effecl, comp~ete, comply with and abide by th~s tovenanl, o~ any part hereof, sa~d MGRIGAGEE m~y pisce and ~
pay for such insurance or any parl ~I+areof wi~hout waiviog w ai(ecting any option. IiQn. equ+ty, or ~~gM under or by vutua of inl~ Alortgage, and tht ,
full amount o( each and everY such paymrnt shal! bN irnrt~d~atrly due and payablo and shall bear interi:st fiom the date thercof until pa~d at tha raie oi
nin! per tent~m per annum end to~rlhrt wi~h suc~ irotres! shai~ be scw~ed by the I~en of this mortgage.
1. To permit, comrtiit or suffer no waste, impainneN w deteriorotion of sa~d property w ~ny part thereof.
5. io pay all anti s~ng~lar the costs, charges and expe~~sea, ~ncluding a reasonable attwney's fee and costs of abstracl~ 01 t~~le, incurred o~ pa~d at
any time by said MORiGAGfE, because w in the eveM of the fa:lure on tne part oF the said MORTGAGOR to duly, pranptly and fully perform, d~scha~ge.
execute, effect, camptNe, comply with and ab:de by each and every the st~pu~atro~s, agreemants, co~ditions, and tovenants of said p~anisswy nole and lhis
mortgage a~y or e~~hrr, and said coats, charges a~d expenses, each and every, ahall be immediately duo and payabie; whether o? ~a thare be not~ce dr
mand, attempt to collec~ or suit pend~ng; and rhe full amoum oi each and e~ery such paymem sholl bea~ interes~ trom ~he date thereof untit paid ~1 the
rare o~ nine per crntu~n per d~7nU'T~ ~nd ail said cozts. chaig~s and eapensea ioturred w paid, togctLer w~~h such internst, shall be secured by the lien of thif
mort9age.
6. That (a) in the even? of a~y breach of this lM1ortgage or defautt on the part of the MORTGAGOR, or ;b) in the eveM any of sa:d sums of money
herein refe~red to be r.ot promptly and fully paid within th:r~y t30) days nea~ ai:er the sarne severa~iy oecane due and pevabte, wi~hovt demand or notke,
or (c) in the event each and every the stipu:a~~ons, agreemants, ccnd~sions and covenar.ts of sa:d promissory note and th~s mortgage any or e~ther are not
~uly, prompily arx! (ully performed, d~scharged, executed, efiected, coinptered, compiied wi~h and at:~ded Sy, then in e~ther w any such eveM the sa~d ag
gregate sum ment~oned in said promissory rwte ihe~ ren:aining ~npaid, with interest accrued, and al! ~noneys sec~red hereby, shalt become due a~d pay-.
iole forth,nith, or fhereaftcr, a1 the opf~o~ oi said h10R7GAGEE, as !ully and canpleiely as if all of ti,r sa~d su~ns oS money were or~g~nally snpu:ated
to be prid on suth day, anything in ia,d pro~n~sswy note or in this 1Jlurtgage to ~he con~rary norrri~hs~and~ng; and there~pon or thereafter at the op~~on of
said MORTGAGEE, w~thout notice or demand, suit at law or in equ~ty, the~eiore or thereairer beg~n, may be prosecwed as if all moneyi tecured hereby
nsd matured pr~or lo it~ institvnon_
7. Tha? in the erent that at the beginn~ng of or at any ti~ne pending any svit upon this M.ortgaqe, or to fo.edose it, oi to reform i1, or to enfwce
payment of arty dauns here~nd:r, so~d MQRiGAGEE sha:t appfy to the Court having ~vi~sd;ction ther~of (or the appo~NmeM of a Rete~ver, such Courl shall
(orthwith appoiM a receiver oF said mortyag~d propt:rty all and sirt3u~ar, inclvd:ng a11 and singviar t1~e ~r.come, prof:ts, issues and revenues irom whatever
source derived. each a~d every of wh:ch, it i>e~ng expressly undentood, is Frreby mortyag:-d as i{ spec~f~cally ut ior~h and deacribed in the granting a~d
habendum va~ses hereof, and soch Receiver shall have all th~ oroad and e+fecr~ve func~.ons and powers in anyw~se entrusted by a Co~rt to a Receiver, and
s;:ch appoint,nent shatl be made by such Court as an ad:nitted equity and a rnatter of abso~ute r~gM ro said A50RTGAGEE, and without teierence to the
adeyvaty or inadequacy of the value o( the property mong;ged or ta ihe so,vency or insut~enrr of sa~d /10RiGAGOR or the defendants, and that such
renn, profit:, income, issues arxl reven~es shall be applied by such Receiver accorduz9 ~o tne lien or equity of said MORIGAGEE and the prauice o1 such
CovA.
8. To duty, promptly and fully pertorm, d~scharge, exewtr, efied, comp!ete, comply wi~h end abide by each and every the st~puiations, agreemeMS,
condit~orts a:~d covenanrs in sa~d promissory note and th~s mortgage set forth.
9. That in tFe event the owner ~ of the mortgaged prenii~es, or any parl thereof, becomes vested in a per~n other than the MORTGAGOR, the
MORTGAGEE, its suctessas ar.d ass~ ns, may, wi+h~ut ~otice to the A':ORTGAOR, deal with such svccetsor or wccesso~ in interest with referente to this
mortgage ard the debt hereby secured in the same mann•_r as with tJlorfgagor w~tho~t in any way vitiating or d~scharg;ng the Mor~gagori liability hero-
under w upo~ the debt hereby aecured. No saie of the prern~ses hereby rno~tgaged and no forbearan~e on the par~ oi the IJIORIGAGEE or its suctessws
or assigns and no exrens;on of the time for the payment oi the debr hereby secured given by the fhORiGAG~E or ns successo.s or ass~gns, a~~all operate
to reiease, d~scharge, modify change or affect the orig~nal Iiau~Gry of the Iy,ORiGAGOR herein, either in whole or in part. .
10. It is spec~fitally agreed that time ~s of t!:e esser.ce uf tius contract and that no waiver of any obl~gat~on hereunder or of the obtigation se-
cured hereby shali at any time thereafter be hefd to bc a waiver of the terms hereol or of the ir,strumero secu~ed herby-
11. In acid.tlo~ to tha fo~eao:n9 mJ~tn°y paym~nts of pnrc pai and interest requ;red by the prom;sscry no'i sccured hz~rb~. mortgagor eovenants
and agrces to pay to mortgagee .~.:th each month.y pay~,:ent ar. a~'J.:;onat sum cst::r.nted b~ mortgagee to be equai to l: 12 of ti~e arowat cost of the follow-
Irig:
A-A!I rea! Yropert~ taies fe~~c~ or assesseci ag:i•~Y th~ a:~o+e descri4,,d r_a! rs!ate.
B-Pr~rtvu~ns on fire and windston~ ~nsvrance as here~~ reqv~red ro be ca~ritd cn the im;;rovements s~luate on 1he above d^scribed premises.
C-Prem~ums on wch mortgage guaransy ~r.svra.:ce as morrgagee sha;l fron: t me to ume decm fit to wrry on the Eoen sec~red he.eby.
Mortgagee sha:! f:om r:me to ~~me not~f~• morfyagcr in •~r~;~ng of the a~:~ount due and payab{e hereundzr and such sum shail thereuNon be d~e and
~.ayable on the d~e date oi th= n~xt mo~th!y payment and each wccessfve month thz:eaftor ur.ti~ mertgagee aha11 not;fy mo:tgegor of a change in such
a~~iouN. $uch sums sFa!i be app~iee! oy mortga^yee roward the uai:r.ert of rea! prc~orty taxes, insura:ete prem;ums, a~d mortgage guaranfy insuraace
I p~emiums.
! IN WITNESS VJHEREOF, the said MORiGAGOR has hereunto set h~s hand and sea~ the day and year first a esa:d.
5' , Seat ar.d elivered in the presence of:
E Seal)
~ - G . alters
al)
~ - , - - ,iAi ~'a~.. - (Seal)
- - iece a ters ~ ~~a~~
SjATE Of FIORIDA ~ "
SS.
courarr oF _ St. Lucie ~ ~
G. B. Walters a„d
Befwe me personatly appeared
Allieee Walt@YS his wife, to me well known and known to me to be
the individua:s described in and who executed the foregoing instrumenl,la(?d acknov~ledg~ befote me that they ezecuted tF+e same for the purposes
A liece walt@rS
the-ein expressed. And the said _
r.~fe of the said G• B• Walters a sepa:ate and private
examination by me tatcen;ieparate and apart from her said huaband, acknawtedged to and before me that she ezewSed said instrwnent freely and votun-
tarity and w~th~y~~~~. ~ompulsion, eonstraint, apprehens~ n, or fear of or- from her said husband.
. - March
- VyJ~NESS:my
hand,~dry~'offitia~ seal thi~ day of- - A. D. 19 7
. . ; , • ° ~ ~ ,
- , . '\..a~ 7
` rj~' ~ f~ Y~ Notary Pubtic in and for the 51 of florida at large
J ~ ~ My Commission expires:
- : ~ - Aen,tp to:' •
' 1 t' . '
~f - .
'First;Fed r3T Savir~g~8 ~oai;Asvxiat;on NMMr /~!'ic. S1~t~ ef Rer;d~ N u~
~ ~ I~ ~ 9lyf~t Pltr~R My COmmisf:on ExpirK Otl. 30. 1976
~ fo.t. P:e. ~e, k:0~idd ~a?d~d bp American Firo 3 Cosvoltr Co.
~ ~ / ~ ~ •
`
,
w~ -[CO{OEO
fIlEO A. :
This Instrument Prepared By John W. Collitf5 ST.LUC~~_~'''~!Q~S~~
First Federal Savings & Loan Association ~URT
of Fort Pierce~ Florida 33450 ~~'FKr.~~~ ~n,...~..----
RfC!`~-`~ r-
Checked By - ~R 44 A~
~~5 P~cE1550 _ 2~s~_ 1$
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