HomeMy WebLinkAbout2270 J. To plsc~ aad conlinuously keep on tha bui'd~~~gs now a hereaflt~ wtuaN on sa~d land and on aU equipmen~ and p~~w~+~lly covcrrd by thi~ mwt¢ .
s~~, w~th all premivms ~he~eon pa~d in lull, f~re inwr+nce ~n ~he uswi ~~s~~d poiky fam, in • sum a~p~o.ed by the MORiGAGEE, and wind~to~m
insu~anc~ in th~ usual st~nd+~d pol.cy lam, in • sum approved by tM MORiGAGEE, i~ s~ch co~~pa~y w co~P+^~ti ~M MORiGAGEE m~Y
directp and all fire and w~nd~~orm inw~ante polKies on ~ny oi sad bviid~np~, any inte~ss~ ~herein w pari IF+ereol, in tht aggre9eq s~m alacia~d w .
In ~xc~~s Ihereof. sMtl contain tM ufual s~andsrd rt+a~ga~ claut~ a such o~ha davf~ ~s tM AAat9agee may requu~. matiny ths loss vnJcr sa~d polr ~
dsa, each and e~ay, P+v+ble ro said MORTGAGEE ~s its interr~t niay ~ppex, and each and every auch pot;cy sMll be prompf~Y +u 9^ed +"d de~ivered to
•ny held by said MORTGAGEE as (u~the~ security to uid ~+o~~gage debr, and, no1 kss than 1en l10) days in advance of ths e~p~~+~~w+ of each policy, to de- .
I~va to uid MORTGAGEE • ~cnewal the~eof, toge~hsr with a rece~pt fa ~he pr~m~wn oi wch renewa~; a~d ~he+e sha~~ b+ ~w f'ue or w~nds~o~m insurance
pl~ted on sny of said buildings. any i~tcrest therein or part thereof, untesa in the fwm end witA Iht loss paYable as aforsseid: +nd i~ the event any sum
of money brcomes p+yable unda tuch policy or pol~cias uid MORTGAGEE shall Mve tlr op~an to recc+ve and apply rhe same on xcount oi ~he indeb~ed-
r.eu secu~ed hereby w to perm~t sa~d MORTGAGORS ~o rece~ve and us~ it or anp part thereof iw o~ner purposes, wnhout ~h_.ro~ w~~.~~r3 or ~n~~au-
ing any equity, lien a righ~ under a by vi~we of ih~s mo::9a9e: u+d i~ the ~vcnt sa:d MORTGAGORS shall fw any ~eason iail ~o keep the sa~d premis~~s so s.
inaurcd, w iai) ro de~iver promplly any of said po~icies of inswance to sa~d MORTGAGEE, or fad promptly to pay fuity any pre~mum therefa a in any
resped fail b pertorm, diuharg~, execute, effect, complate, comp~y with and abide by th~s cover+an~, u s~y part hereof, said MORTGAGEE may piace and
pay fo~ ~uch insurance w any pa~t thereof without waiving a affecting any op~ion, lien. eQu~ty, o~ right unde~ a by vir?w of this Matgage, and the
full amovnl of each and every fuch paymeM shatl be ~mmedfately due and p+Ysble and shail bear ~nterest iran the date the~eol ~ntil paid at the rate oi
nine per centum per annum and logether wirh fuch inttrest shali be secured by 1he IiM of this mwtgage.
1, To permit, commit or su~(er ra waste, impairment w deterioration of said p~ope~ry or +~Y WN ~~reof.
5. To pay ell and sinyulu tM costs, ~chuyes ~nd expe~ses, inc~ud~ng a rc+sonabk attorney i fee and costs of ~bs~racts of ti~le, incvrred a pa~d at
any time by sa~d MORTGAG:E, becavse d in the event of the failure on the psn of ~M w~d MORTGAGOR to duly, promp~tY and fu11y pe~fa~n, d~uharge.
execute, effett, compkte, comply wdh and ab:de by each and every ~he stipulanor:s, sgree+nenrs, cond~~ions. +nd coven+~n of sa~d ~omissory note and ~hii
morfgsge any o~ e~~her, and ss~d costs, charges and expenses, each and every, afi~ll be immediately due and payabk; whether or not the~e be norKe de
mand, attempt to coflect a suit pend~ng; and the fult amovM of each and e~ry such paymenl sha~~ be+r inreres~ from the date the~cof unti{ paid sl the
rate o( nine per centum per annurn; and all said wsrs, chafgts and ex~~ses i~curred or pa~d, together w~th fuch interest, shall be secured by the lien of th~i
mortgage.
6. That (al in the event of any breach of Ihis Mwtgaga or defaul~ on the part of the MORTGAGOR, a fb) in the eveM sny of sa~d sums of mo~ey
herein reEerred Io be not prorteptly and fully paid within th~rty t30) d+ys ne,ct after the same uverally becort~e due snd payable, without demand o~ no~Ke.
or (c) in the event each and every the st~puiatwns, sgreements, cor.d~tans and cove~n~nts of sa:d prom~sswy ~wte and th~s mortgage any a eitl+er are no1
~uly, promptly and fully performed. d~xharged. exccuted, eifeued, completed, compt~ed wifh and ab~ded Sy. then in e~ther or any such event ~he sa~d ag
gregate sum mentioned in said promissory notr then remaining unpaid, with inte~es~ acu~ed, and aH moneys sccured hereby, shall betome dve ~nd pay-
eble forthwith, w thereafter, at the opt~on o1 said MORTGAGEE, as futly and completely as if afl of the said wms of moaey we~e ag~natly st~putated
to be pa~d on such day, anything in sa:d prom~sswy note w in th~s Matgaqe to the contrary notwithstand~ng; and ~herevpon a thereafte~ at the optron of
sa~d MORTGAGfE, without not~ce w demand, suit at law w:n equity, therefore w thaeaher begun, may be prosecutcd u if sll mo~eys secvred hcKeby
hed matured pnw to its instituhOO.
7. That in Ihe event that at the begin~irg of a at eny time pend~rg any wit upw~ this N~ortgage, er ro foreclox it, a b reiwm it, o~ to enforce
payment of any claims he~eunder, said MORTGAGEE shall apply to ~he Coun havi~g jur~sd~cr~on ihereof fo~ the sppo~ntmenl of a Receiver, such Cou.t shail
forthwith appoinl a receiver of sa~d mortgaged p~operty all and singula~, inctvd~ng atl and singular the intonu, prof~ts, iuues and revenues from whatever
sou~ce dzrived, each and every of whKh, it being e:press~y under:~ood, is hereby mo~~geged ss if spec~fically se~ iorfh and descr~bed in t1x 9ranting and
habendum dauses hereof, and such Receivr sh.~~l have all the broad and effecrive (unct~o~s and powe~s in ~nX~v±se entrus~ed by + Court to ~ Receiver, and
:uch appoiNmem shall be made by such Court as an admitted equity and a mancr of abwlute r~ghl ro said MQATGAGEE, and without referente to the
adequacy or inadequacy of the vaiue of the property mwtgaged or to thc so.vency or ir.so~vency of sa7d MORiGAGOR w the defendants, and that such
ren~s, profits, inca»e, iss~es and revenues shall be app:~ed by such Receiver accord~ng to the tien or equity of said MORTGAGFE and the practite ot such
Court.
8. To duty, promptly and fut~y per(wm, discharge, execute, effect, complete, comp~y w;rh and abide by each and every the stipulatia~s, agreements,
conditions and covenants ~n u~d promissory no+e and this mortgsge set iwth.
9. That in the event the ownership of the mortgsFed prcmises, o~ any part thereoF, becomes vested i~ a penon othe~ than the MORTGAGOR, t!ro
~1,ORTGAGEE, ifs s~ccessors and ass~gns, may, w~rhout nonce to the AtORiGAOR, deal w~~h such succeuw o? successor in interest wi~h ~eference to th~s
mortgage and the debt hereby secured in the same manr+er as with Nbregagor wethovt in any way vitiatirg w dixharging the Mwtgagors' Iisbility FKrr
under or upon the debt hrreby securcd. No sale of the Fremises hereby mortgaged and no Forbearance on the pan of the MORTGAGEE w its successors
or assigns and no extension of the time for the paym.ent of the debt hereby secured given by the NIURTGAGEE w its successors or auigns, ahall operate
ro release, dischargc, modify thange or affect the original liab~l~ty of the MORiGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the esxr.ce of th~s contract and that no waiver of any ob~gation hereunder or of the oblgatan st
cured hereby sFull a~ any time ~hereafter be held to be a wairer of the terrr.s hereof w of the instrument secured herby.
11. In add.tion to the fwego:ng monthfy paymems of princ'pat and imerest requ~red by the prom'~ssory note secured hereby, mortgagor covenants
and agrees to pay ro mor~gagee wifh each monrhly payrnent an add~uonal sum esnma~ed by mortgagee to be equal fo 1 j 12 of the annuai cost of the follow-
iny: .
A-A~t real property taxrs levied or assessed aga~~st the s6ove describcd reat estate.
B-Premiurns on fire and windstorm insurarce as fierein requ:red to be carried on the imp~ovemeits situate on the above described premises_
! C-Premiums on svth mortgage guaranty insu~ar:ce as mwrgagee shall from t~me to time deem fit to csrry oo the loan setured hereby.
~ Mortgagee shatl from t~me to time noti(~• mo~tgagor :n writing of the amou~t due aod payabte hereunder and such sum shafl thereupon be due and
F:ayable on the due oate of the next month!y payment and each successive monfh thereafter ur.til mortgagee shall notify mortgagor of a change in such
~ a•~uunt. $uch s;:ms sFa:: ~c a;.p:ic~ 5y mortgagae rowa!d the paym~ent of real property taies, iasurarxe prem.ums, and mortgage guaranty insurante
premiums.
IN Y1ITNESS LYHEREOF, the sa~d MORTGAGOR has hereunto set his har.d and seal the day and year fint afwesaid.
Sigiud, Sealed and delivered in the presence of: ~ C~L'/~~'''~'~`
~
L. i
s
/
~ Bett M . L rr ~n
STATE OF FLORIDA ~
S5.
COUNTY OF St L~1C].E~ 1
Befwe me perwnally appeared Robert L. Lehnherr a~
Betty M. Lehnherr ~ w;f~, ~o me we~~ krw~,~ and knowr, ,ne +o be
the individuals described in and who executed the foregoing instrument, and scknowledged before me that they executed the same fo+ the. purposes
ri,erein expressed. And the said BQtty M Lehnherr -
pr7~'"
o,~fe of the said Robert L. Lehnherz upq~ a.s~.~a t'- y
eaamination by me taken sepa~ate and apart from her said husband, acknowledged ro and before me that she exec~ted ssid j~?~, ~!?tQ"vo~u~'
rar~ly and w~fhout any compulsion,•constraim, appre s w fear of or from her said husband. ~
WITNESS my hand and official seal thi ~ day of A i• ~ A D. 19 ~
_ .r _ :
~ L :
. Notary Pubiic in and for t Sf~t~.~b; ~}t larqe ~`q' =
My Commiuio~ expires: ,us .Z ~ ;
~ Return To: ' - 4'~•
%~~~;7 ~
~ first Federal Savings d~ Loan Association ~~i ~ ~
~ Of Fort P e~ce. ,,~~iij~~a~ TAT ~'~.~a'~ ,
Fori Pierce, Fbrida ~~~~~~~{I~'~~'~
~ f~Lf~:..~ -~;,4,~}~ ~ ~
; ST. L!JC;; : ;.~iJMT1' Fl~.
R"=~ • •
C~f~!. ~ ;;?fT COiJ~tt
This Instrument Prepared ByJOhn W. CO11iT~s cfr,r:,;, tir~
First Federal Savings & Loan Association
of Fort Pierce , Florida j°' ~ ~p 29 IN~ ~1~ js
~ p tl
Checked By~
ti~$s~
. 8001t+~.~+~+ P~CE~~ < . .
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