HomeMy WebLinkAbout2956 3. To pixe snd con~inuousty k~ep on the bui!d~ngs now w hcreaft~r s~tuate on ~aid I+nd and on all cqu3pment ~nd pe~son+lly covered by thii ma~9-
egs, with ~Il premiumf lhereon pa~d in (ulf. fire insuranca in the usual s~andard po~~cy f~m, in a tum ~p{xoved by 1M MORiGAGEE, a~d windstam
insw~nc~ in ~M usual •und~~d pol~cy 1am, in •~um app~ovad by tM N10RTGAGEE, in such to~npanY w~anW^~~~ ~s MORTGACaEE m~y F
d~rec~t ~nd aU fir~ and windstwm ini~nnce policies on any of taid build~~gt. any intensl therein w pa~~ thereof, io tM s99reyat~ ium afae~+id w j
I~ ~xces~ Ihereot, ahail contain ths usual st+ndard mor~9eflee ciws~ w~uc!? whtr clauia ~s lhe Nlwtgagee may reqvut. ma~inp ths losf u~de~ ~aid polb
ries, each and ~very, payabls ro iaid MORTGAGEE as it~ intere~t may sppea~, and exh and every such poi~cy shall be promp~ly au.9ned and delivered to
any hetd by sa~d MORTGAGEE ~s furtha security to said mor~gage debt, and, not leu than ten t10) days in advance of tFa eapiration of each policy, to da
live~ fo s~id MORTGAGEE a reoawsl thereof, togNMr with a rete~pt for the pram~um of tuth renewal; and Ihere thall be no f~rs or windstoim insuranc~ .
plsced on ~oy of aid bvild~r+gs, ~ny inlerest therein or pa~t thereof, ~n~eu in ~he iwm and with tM loss payabie as sfaeuid; and in the event any ~um
of money becanes payable under such po~kY a Po~Kbs said MORTGAGEE shall fiave ~h~ option 1o receive and app~y the same on account of the indeb~ed-
ness secured hereby w ~o permit said MORTGAGORS to rKeiva ~od us~ i1 or any part thereof for other purFwses, without th_rtb~ warving o~ unpair-
ing any equiiy, lie~ or righl ~nder w by virfue of this most~age; ~nd in ~M avent wid MORTGAGORS shall fa aay reason fail to keep the sa~d premisas so t-'.'
insured, or f~i) b deliver promplly any of said polKies of insurance to ~aid MORTGAGEE, o~ fail promptly to pay fully any p~e~~~um therefw or in +ny
rospect fail ro perfwm, discha~ge, eaecute, effed, comptete, comply with and ~bidt by this tovena~t, a any part hereof, said MORTGAGEE may p~+ce +~d ~
pay fa such insurance or ~ny part tkxreof w~~hout waivin~ w+ffectinp any option. lien, eqvity, w right under w by vi~tue of this AAflrt9a9e• and tFx i
tull smouM of each and every such payment shall be immcdiately due and p+yable and shalt besr interesl from the dete thereof until pa~d at the r~te oi 3
nine per centum pet snnum and to~elher with such interesl shall tx secured by tha lien of this matgsga ~
1. To permit, commit or suffer no wasle, impairmeN w deteraration of said property or +nY p+A the*eof• ~
5. To pay all snd sin~~lar the costs, charges and cxpenses, including a reasonable snuney's fee and cost~ oi abstracti of tiUe, incurred or pe~d at ~
any lime by uid MORiGAGEE, because a in the event of the fa~lure on the part of the iaid MORTGAGOR to duly, promptlY snd fully perlwm, d~xharge, }
executs. effed. complete. compty w~th and ab+de by each and every Ihe stipula~ior+s. agreements, ca~ditions, and covenaMS oi uid prorniswry note and thi~ i
mo~tgage any a ei~her, and ~aid costs, charges and expenses, e+ch and eve?y, shall be immediately due and payable; whether or not there be ~orice ds ~
mand, attempl to collM p suit pcnd~ng: and the full artauM of e+ch and every s~th paymeM thall bea. interest from tfie dare thereof until p~id the ~
r~te of nine per ce~t~:m per annum; and ali said tosts, charges and expenses incurred ot paid, together w~th such interest, shall be secured by t!x liet~ of this
mortysge. ~
6, That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) 6n ths event sny of istd tums of rraney
herein referred to be no~ promptly aod fully paid wi~hin thirty (30) days ~ext after ihe same uveratly betome due a~d P+Yable, without.demsnd w notice,
or in the event each ~nd every the stipvtations, a9recments. ca~di~ions a~d covenants of sa~d prwnissory nots and th~s rtwrtgage any w either ue r+ot
iuly, promptly snd fully pe.famed, d~xMrged, execu~ed, effected, completed. ca++P~~ed w~?h and sb+ded by, the~ in e~rher or any such even~ the said ag~
gregate wm rn~ntaned in said prom~ssory note then remaining unpaid, with in?e~es~ accrued, and a1~ noneys secured Mroby, shall Ixcome due and pay~
able forthwith, w thereafte~, at the opt~on of sa;d MORTGAGEE, a: fully and completely as if a~l of the iaid sums of money were or~~nelly st~pulsted
~o be pa;d o~ s~ch day, anything in u~d promi:swy note or in this Mor~gage to the contrary notwithstsnding; and thereupon or thereaftd a~ the op~~on of
sa~d MORTGAGEE, without ~otice a demand, suit at tsw a in equity, there(we w thereafter begun, may be prosecuted as if ~II moneys secured Froreby
nad matured pnor ro its institution.
7, That i~ the event that et the beginning of w at a~y time pending sny su~t upon this Mwtgage, w to foreclose it, a to reform it, or to enfores
payment of any cfaims he?eunder, said MORTGAGEE :hall apply to tFu Co~rt having ju~isdict'w~ thereof tor the appantment of a Reteiver, such Cwrt shal~
(orrhwith appoint a receiver of said ma~gaged property all and singular, intlud~ng all and ainguls~ the income, p~ofits, issues and revenues from whatever
s~wce dcrived, each and svery of whrch, it being expreuly understood, is Fmreby -mortgaged u if spec~lically xt fwth snd described in tF+e granting and /
habendum clauses hereof, and suth Rcceiver shall have all the broad and eifective funa~ons and powers in anywise Mtrusted by a Court to a Receiver, and
s.;ch appointmem shall be made by such Gourt ss an admitted equity and a malter of absolute right to said MORTGAGEE, and without reference to tha
adequacy a inadequacy of the value ot ~he p~ope~ty nwrtgaged or to the w~vency or insolvency of said MORiGAGOR or the defendants, and ~hat such ;
renfs, profits, income, issues and revenucs shali be applied by such ReceivH according to the lien w equity of ssid MORTGAGEE and the practice of such ~
Court.
8. To duly, promptty and fully perform, dischsrge, execute, effect, complete, comply wi~h and abide by each and every tF+e stipulations, agreements,
conditions and covenants in said promissory note and ~his mo~tgage set forth. '
9. That in t6e event ti~e ownership of the mortgaged premises, w any part thereof, becomes ve~ted i~ a person other ihan the MORTGAGOR, the
h'.ORTGAGEE, its successws and assSgns, may, without notice to the MORTGAOR, deai with such successor w successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with tAorlgago? w~thout in any way vitiating or dixhargi~g the Mortgagors' liability hera
under w upon the debt hereby secu~ed. No sale oF the premises hereby mo~tgaged and no fwbearance on the part of the MORTGAGEE w ita successors
o~ ass~g~s and no extension of the t~me fw the payment of the debt her,e~Jny secured g~ven by fhe MORTGAGEE or its successors w auigns, shall operate
ro release, discharge, mod~fy change w affect the orig~nal liabil~ty of the MORiGAGOR here~n, either in whole or in part.
10. It is specifically agreed that time is of the e:sence of this contract and that no waiver of any oblgation hereunder or of fhe obligation se-
cured hereby ahaif at any ~ime thereafter be held to be a waiver of the terms hereoi w of the instrument secured herby.
11. In add~tio~ to the forego:~g month!y payments af princ'pal a~d interest required by the promissory note secured hereby, mortgagor cove~a~ts
and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated hy mortga9ee to be equal to 1/12 oi the annual cost of the follow-
in():
A-Afl real propert~ taxes lev~ed o~ assessed agai~st the above desu~bed real estate.
B-Premiums on fire and windstorm ins~rance as here~n requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgaqe guaranty insurance as mortgagee sha~l f~om t~me to time deem fit to carry on the loan secured hereby. ~
Mortgaoee shalf trom time to time notify mortgagor in writing of the amount due and payable hereu~der and such sum shall thereupon kse due and
~;ayable on thc d~e date ~f the next month!y payment and each successive month thereafter ur.til mortgagee shall nofify mortgagor of a change in such
a~:~ount. Such sums sHall be applied by mortgagee toward the payment of real property taaes, i~surance prem.ums, aixl morigage guaranty insurance
~ p~emiums.
~ IN WlTNESS WNfREOF, the said MORTGAGOR has F+ereunto set his hand a~d sea{ ihe dsy a year fint aforesaid
€ Signed. Sealed and delivered in the presence of: ~ ~ r~L
~ ~~,1,•,kL ~ ~ Zv'~'"/ ~°+n
~ , ~ Bernie Thaaea ~aq
- ~~~s~-s a v~3.~. (t"0
Alexandria ?haaea ,~a~
SiATE OF FLORIDA
S5.
CCUNTY OF St. LllC1Q ~
Beforc me perwnslly appea~ed Bernie Thamee _ and
Alexandria Thames h~s wiie, to me well known and known to me to be
the indiveduals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
rherein expressed- Md the sa~d Alexandria Th me~'+
wHe of the uid BeZ Ille Th~@5 vpon s sep~rate and priwte
exarninaYwn by me taken separate snd apart from her said husband, acknowkdged to and before me that slx executed said instrumeM freely and volun-
rarily and without any compuls'an, constraint, apprehension w fear of w from her said husband.
WITNESS my hand and official seal this a~ day of A ril A. D. 1914_
~ Notsry Public in end for 1 State of F{orida af Lsrye
My Commission expires: ~ 0. 3 0:'~ ~j
~ Retum To: ~
Fint Federal Savings 6 loan Association '
r
Of fort P~crce. . n~~• :tii •~i,~:~'•. .
,
fort Pierce, ftorida ~~`Ep 1raCQ~~~~~ ~ ' ! '
~~OGE~ R~~t111? • `
C`~AX ~1F`U Q ~~v~? i.• -
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Ellwood llE40R4 ~?fP~~ ^ •
This Instrument Prepared By GarY F• `u f~~ . ~
~ 0 ~0 3S w~~ ~ j , _
First Federaf Savings ~ Loan Association ~ ' ~ ' ~y' y - j - :
~i c`
of F o r t P i e rc
e s F l o r i d a 3 3 4 5 0 _
.y / v
Checked By 2'7~0 ! ~ • "
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eo~225 ~2950 . ~
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