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HomeMy WebLinkAbout1780 To piac~ and conli~vowly keap a~ ~he bu~fJhys now or herraf~er ~Ituate on se;d land ~nd on aft eq~+p:nent ar.d pe{so~aUy covered by this mat~- ! ~g~, w~th all prem~umt thercon pa~d in iull, Hro inwrance i~ ~he usual standard poliCy form, in a sum ayprcved by the MORfGAGEE, and w~ndstarm inturance i~ 1M usual a~andard pol~cy fo~m, s?um apF+~owrd bY ~ht MORTGAGEE, in iuch comp+nY or con+pa~~es ~i the MORTGAGEE may direct; ~nd +tl fne a~d winda~orm insuronca potlres on sny of said bui~d~~gt, aoy intsreit thereio or par~ thereof, in tM sgg~egate w~n afaesaid a . in eace~s Ihereof, ah~ll ca+~+in the usual sundaid mortga9ee clause or such o~her clsus~ a~ the lNor~yagee msy req~~rs, ma?inp the tos~ unda sa~d po1'r ~ c~s~, each and every. p+yabk ro s~~d MORiGAGEE ~s ~a ~roc~e~l may ap~xwr, and each and every wch po6cy ~hait tx prompdY au gned and deUvered to •ny held by said MORiGAGFE as furlher security to said mo:tgage debt, and, no~ ~es~ than ten (10) dayt in advance o~ the expiratton of each poGCy, to d~- Gvtr ~o ia~d 1NORiGAGEE a ~enew+l thcreof, toflether wi~h a r~~co~pt for the prem~um oi such ro~ewal; and then shail be no firo or w~~xluorm insuranc~ ~ plated on ~ny of sa3d buildings, ~~y Interesl there~n or psrt thcreoi, ~nless in the form ~nd wi~h the loss p+yabte as sfaeiaid; and in the evem +nY ium r- of money becomea p+Y+b~e u^der such policy w poi~cies said MORTGAGEE s?w+ll have the opt~on to rsceive a~~d apply the fame on accoun~ oi ~he indabted neas secured Mreby oi ro permit wid MORiGAGORS ro rQCeiw and use it or eny part thereot iw o~i,c~ purposrs. v,~~houf ~hanu~ wa~~ing or ~n~pau- in9 any equ~ty, Iien or right under w by virtue of this mo:'gsga; and in tM evenl w~d MORTGAGORS sha~i {or any reason fail 1o keep ~I•e ~aid p~emiics so ~ insured, w iail fo delive~ p~o~nptly any of said pol;ties of irtsu~ante to said MORIGAGEE, or faii promptly to pay (ully any p~e~nium the~efw w in a~y resped fail to pe~fo~m, d~scharge, execute, e~fed, complete, comply with and abide by this covenan~, w eny part hr~eo(, ~aid MORiGAGEE may place a~d w• 4' pe ' pay fa tuch insurance w any part thrreof without waiving w affecting any option, lien, equ~ry, w riyht unJer ot by virtue of this Mwtgsgs, and tht full amouM of tath and every such paymeM shall be immediately due and payable a~d shall b~ar interest from the date thereof until paid at the rate ot , t n~ne par ce~tum per annum end to9ethe~ with such interest shall be secured by the lien of lhis mwtgege. ~ 1 ~1. io permit, commit w suffm no waste, impairment or deterioration of said property w any parl thtreof. S. To pey all and singular the cos~s, charges and expenses, including a reasonable attor~ey's fee and cosb of abstrads of title, incurred or paid st any time by ~aid MORTGAGEE, because w in the eve~t of the taiture on the part of the said MOR7GAGOR to duSy, promptly +nd fully pmio~m, d~xharqe, eXecute, effecb comptete, comply w~th and ab~de by each and every the atiputat~ons, a9~Cemenl~, condition~, and covenants oi u~d promisso~y no~e and th~~ mortgage any o~ e+~her, and sa~d costs, charges and expenses, each snd eve?y, shatl ba immediately due and payable; vvhNher a not ~here be ~otice de mand, attempt 1o collett w suit pending; anci the full amovnt of each and every suth payment shall bear interest from the date ~hereof uMil paid at the rare oi nine pe~ centum per a~~nwn; and all said costs, charges and eapeoxs inturred a pa~d, together w~th such interest, shall be secured by the lien of thit mwtgage. 6. That (e) in the event of any breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) ln the event any of u:d sums of money hrre~n referred ~o be no~ prw*~ptly and fu~ly paid w~~hin thirty (3~) days next aiter the same seve.ally become due and payable, without demand or ~o~ice. or in the event eath and every the s~ipulat~ons, agreements, cond~tia~s and covenants ot sa:d p+omissory note and th~s mortgage any or either s.e not i~ly, promptly and tully performed, d~uharged, executed, effected, compibted, compl~ed wi~h and ab~ded by, then in e~thrr w any auch event the sa~d ag , gregate sum memioned in said p~omi~sory ~ote then ~emai~ing unpa~d, with interezt acc+ued, and all mo~eys secured hereby, shall becon+e due and pay~ ~ abie forthwifh, a~hereafter, at the option of se~d MORTGAGEE, as fully and completely as i( all of the said sums oi money were a~ginally stipulated tu be pa~d on such day, anything in sa.d promissory note or i~ this Mwtgage to ~he contrary norwithsranding; and thereupon or thereafter at the op~~on of said MORiGAGEE, without not~ce or demand, suit at law o~ ~n equity, therefore or thereafter begun, may be prosecuted as if sll moneys secured hereby nad ma?ured pr~or to ds institution. 7. Tha~ in tha evenr that at the beginning of or at any time pending any suit upon this Matqage, u to fweclose it, or to reform it, or to enforce paymeN of any cfaims Aereunder, sa;d MORTGAGEE shalt apply to the Couri having jurisdiction !hereof for 1he appo~~tment of a Receiver, such Covrt shall fe~~hwith appo~nt a receiver o1 said mo~tgaged property all and singular, inclu~.ng o~1 and si~gv~ar the income, prof~ts, issues and revenues Irom whatever so~rce derived, each and every of wh~ch, it be~ng expressfy unders~ood, ~s hereby mwtgaged a~ it spec~f~cally set fath and desaibed in the yran~ing and habendum clauses hereof, and such Receiver shall have all tfie b~oad and e~fec~;~e funct~ons and pd44er; in anywise entrusted by a Court to a Receiver, and :..ch appointment shall be made by such Court as an ad~niited equity and a matter of absotute right to sa~ti NIORTGAGEE, and withoul refere~ce to the adeqvaty or inadequacy of ~he value of the property mortgaged or to the so~vency o~ ~nsolvency oi u~d MORTGAGOR or the defendants, and that such ren~s, p~ofits, incorne, issues and revenues shall be apptied by such Receiver according to the lien or equity ai said MORTGAGEE and Ihe p~actice of such Courf. 8. To duty, promptly a~d fully perForm, d~scha+ge, execute, eifect, complete, compty vvith and abide by each and every the stipulations, agreements, conditans and coveoents ~rt sa~d promissory note and this mor~gaye set iath. . 9. That in the event the ownership of the mo~tgaged prem:ses, or any part tnereof, bccomes vested in a person other fhan the MORTGAGOR, the h10RTGAGEE, its successws and sssigns, may, witho~~ notice to the IVtORTGAOR. deat with such sutcessw w successw in inlerest with reference to this mortgage and the debl hereby secu~ed in the same manner as with Mo?tgagw withouf in any way vifiating p d~xhargi~g the Mor~gagors' liabitity lxro- under or upon the debt hereby secured. No sale of tt~e premisea hereby mo~tgaged and no forbearance an ~he part oi the MORiGAGEE or its successors or ass~g~s and no extension of the time for the payment of the debt he~eby sec~~ed g:ven by the MORTGAGEE or its successors w auigns, sha~l operate ro releasa, d~scharge, :.wd~fy change or affect the origmal I~aoil~ty of ~he MOSTGAGOR herein, either in whole or in part• 10. It is specifically agreed that time is o( the euence of this cw:tract and that no waiver of any ob~~gation hereunder or of the obligaYan sa- cured hereby shall at any timr thereafter be he!d to be a wa~~er of the terms hereof w o4 the instrument secu~ed herby. Il. In add:t:o~ to the foregdng moneh!y paymants of pr~nCpaf and inrrrest required by the p~or*rissory no!e setured hereby. mortgagor tovenants and agrees to pay to mo:tgagee w~th each monthly pay~c:ent an add~~ienal svm estimated by mortgagee to be equal to 1/ 12 of the annua) cost of the follow- ng: . . A- r111 real property taxes levied or assesscd aga~•ut thc above described real estate. . B-P~anuu•ns on fire and windsto~m insurar.ce as he~e~n requ;red ro be carri~~d on the improvements situate on the above d~sc.ibed premises. C-Prem,ums on s~ch martgage guaranty inssra~,ce as mo*tgagee shai~ fro~~ t~me to f:me deem fit to carry on the ban secured hereby. Mortgagre sha:i from timr to time ncnty mortgagor m writ~ng of the amoe,nt due and payable hereunder and such wm shal! thereupon be due and ~s~able on the d~e date of the next monthEy payment and each successive rronth rhereaftrr ur.til mcrtga~ee shall notify mortgagor of a change in such a~•:ount. Such sums sF.aii be appl~ed by mortgagee toward the payment of re~l property taxes, insurance p~em~ums, and mortgage guaranty inwrarxe ' premiuma. ~ E IN Y~ITNESS 'NHEREOF, the said MORTGAGOR has hcre~~to set his hand and seal the day and year first aforesaid. ~ $;gr?ad, Sealed and delivered in the presence of: ~ ~ ~ ` `r o a . ~ bert F ~M r aq n BeY t s3 . 2 5 Sean STATE OF FLORIDA 55. COUNTY OF - - - ~RCQ'If~~ 1 Herber t F. Myer s Before me petwnally appe ed ~Z t 8 . yer s his wite, to me well known and k~own to me to be the individuais described in and who executed the foregoing instrument, ar?d geyers ed befwe me that they executed the same for the purposes Beztha K. i'~ rherein expressed. And the sai ~.~fe of the said Herbert F• Myers ~pun • separate and private examinat~o~ by me taken separate and apart from her said husband, atknowledged to snd before me that she exetuted said instrument freely and volun- tanty and w~thout any compulsion, constraint, apprehens~/on, or fear of w from her said husband. ~ t o~ fn day of =Ch A. D. 19 7'4 WITNESS my hand ~/sd oificial seal this A ~,;t11`1111t/~~~'',+ ~ ` ~ ~ ~ , otary Publit in and w the State of f{orids al lsrge : t ~ ~ .4€ ~ J ~ ~i~~' My Comm~uion exp'ues: : Return No~ary h1+04 Sfah e1 ~Iwldo e11a~'0~ ~ f?st Fldpt+~~ir~r~ ~6 ~i~an 3ssocietion My ~meussiow E:pins Nw. 14, 197L ~ ~ ~ Of ~Ij~ er4. _ ~ ~ ~ I~o~?r1~~t'!~ br.~ia_; ~ dondcd br Iunaricon Fln i Cwvclh Co• ~ ~ _ s~ ~ • ~ ? :cn~:P~1B~1.- - ' f~~~'••.....~~!,' ~:Q,~C-'~ FILEO Ah? : F LJnOE~ ''~j~ fr~t~u`r~tf Prepared BY J. H. Roberts, Jr. SZ.IUC~c ~~zUNTY FLA. F „ ;RAS First Fed~~f~t~BAWngs b Loan Association NO~~ ~ ~ of.Fort Pierce , F1oYida Ct~"`-: `'`}~t C~~~ ,,s~nz v~ ~ Checked BY ~ R Z ~ p4 AM AP go~225 ~~1??? . , 2'782'76 • dz „z ' _ - - - - _ ~ e~ ~ s ~ ~ ~ ~ v,~: ~ ~ Y W ~.~3:___ e ~ _ . - . _ . . ~...~,~.w- , . . _ - . _ . _s.