HomeMy WebLinkAbout1949 3. To plac~ and co~~inuously keep a+ ~he bu~!d~ngs ~+ow or heresite~ utwt~ o~ s~~ ~+~d ~*+d ow a~; c3.;.vr~a+ ad te~s~~`+-`r a''~`~ ~"O"'4'
•gs. with •11 ptmi~ms thercon Fa~d in fuil, fire inwnnce ~n ths u~wl stardad po1Ky form, ~n • u~ K+p~w~d a~ y'~"'^''~~
inturance in th~ utiwl sra~~dard pol,cy fum, in + sum ~pp~oved by ~Ae MORTGAG~E, i~ su~ c.a'~K+~+~r a t°`~"~ ~~~:""'~F ~+Y
directj ~nd ail (ir~ and windstorm insurance pol~ues on N+y of u~d bw~du+ga. ~y ~eN thae~' « W'^ ~"°'f. "~"~'~9"~ a-ves+d or
in ~xtess thereof, sMll contai~ tM usual standard ma~9a~ea claust a such other clau~t as N+e "'+iY''9 ~''O~~
cies, euh end ave~y, payabte ro s~id AWRiGAGEE as ~ts intrres~ ~nay apPe+~. +^d ~K~+ +^d ~'K`~' ~"d' ~°'K~ °t p°`~~"~ n' ~
eny held by sa~d MORTGAGEE as further security to ss~d ma~gaye de4~, and. nW less t1w? ~en t1D) diys ad•+~cs o~ *'u ~'."~'+t'~' ~~+t" o°''~' ~O " t
liver to uid MORTGAGEE a renewal thereof, togNF+er with • receipt fw the p~a*yum oi wd~ .ene.?a~: +~'~d tfie~e s'.a' s+s 1°~ 'i 's"`~~
plated on ~ny of said buildings. any iMeresl therein w part thareof. unkss in the fa*n ~nd w~th tfie ~oss p+r~ is sfue++'d% ar~d r: r.~t ar+y suA
of mon~y becanes p+ysble under such policy or pol~cias said MORTGAGEE shs{I have rhs optan ~o recc+~^e ~t+d +~PF•:r ~ s~"°'~ p" ~ d'< °"~s^~
neu secured hereby a to pe~mit ssid MORTGAGORS to ~ece~ve ~nd us~ it a any pan ~i~e:eof ia o-*~cr vu+;:~s=s- x«r= _ g ~ 7°P+1- ~ ti•
ing any equ~ty, lien w right unde~ or by virtue of thu mor:gsge: and in the evcnt sa~d NIURTGAGO~tS sA+~ fa +T~s •~~O ~ f~ s°d Cn`}'s`s >
inau~ed, w fail b del~ver promp?ly sny of said policies of insursnte to said MORTGAGfE, or fais ~omp~ip ~o ~»tr f.+ _'~r i=r ?t"'°"-'~ ~''Kt'~t Y'~
resped fail to pafwm, d~xharge, execute, effect, complere, comp~y w~~h ++d +b~de b'N rhe ~ve~++^t• u'r wT~ ~d ~ r~o
pay fa such inaurance or any part thereof w+thout waiving « ~ffect~r+q antr op~wn. ~+M. a rgM ex.da v b~ m~e oe ~s Vc~C. +~d TF'~ ,
full amoun~ of each and every such paymem shall be immediately dve and p+Y+bb +nd sMll b~u +Maest ~ d~ ~'°a P~ ~ t"~ r'"~ °f :
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nine per centum per aonum and together with such inter~at ahail be secured by the lien of tM eno*tgage-
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4. To permit, comm~t w sufie~ no waste, impairment or detcr'aration of w~d property or ~+y Prt d+~~- •
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S. 7o paY all and singulsr the costs. charges ar+d eaper+ses. includinp a ieason+bk a»on~ev's tee ~u costs oE ab~aCs a6 T'=t r"4'~Ted
any=time by said MORTGAGEE, because a in the event of the tailure on the P+n of rhe said MORIGAfaOQ w d~+j~l• p~o'+~r ~~-'t ~"O"'- d~`""~`~
execute, elfccb cooiplete. comply with a~d ab:de by each and every the s~ipu?e~w~s. agree^+e^rs. c«~drt'o's- a++d m"r"a''~s °'F s~ i~°~'~`~ +~d F".s
mwtgege any w ei~her. snd said cosn, charges and expe~ses, each ard every. sh~1! be ir*rned~+~e~fi due +^d p+~+~'r: ~"p° ~`r ~"~i° ~
mand. aftempt ro collect w suit pend~ng; and fhe futt amount of each ~~d eveiy sucl+ Wrme"~ s~+a;~ b~" ~n' {r~°'~
rate o( n~ne per ceNum per annum; a~d all said cosb. cha~ges and eape+~us intvrred a pa~d. ~ogethe~ ~r.ti+ s++~~h a~ae~- s~'~'~ a~~ ~
mortgage.
6. That (s) in the event of any bresch•of this Matgage or default on the part of ti+e 1NORiGAGJR. a:a? m~ r"e'~ +~s °f s~d s~s~s ~11
herein roferred to be not promptly and fully paid within th~rty (30) days nex~ af~er the same se~a•~f b~co~e ~ a~ P~~+~- ~'r~`'`t d°"i"~ °f °O°~t'
or (c) in the event each and every ~he stipuiations, agrcements, conditiw~s snd coven~ms o! sad ~prom~sso~y r~o~~ ~d ~'s ~~°f ~ 1O~
~uly. promPNy and fuliy performed. d~scharged, ezecuted. eifeded. compleud, con+pl;ed wr~*h +*+d +b'dra Sr. 3t'e+' ° s'"~~' ~ 47~ ~'d ~
gregate wm mentioned.in said promiuory rwte then rema~ning unpaid, with in~e~est acaved, and a:i rrwneys secured l~ese~l. s=+r P+P
able forthwith, w therea(ter, at the optio~ of said MORTGAGEE, as fully ard ca*ipietcly as ii +11 oS ttie sa'd s~'~s °F ~'°`''~s ~E'~ Q9*~•Y ~'~a"~
ro be paid on such day. anything in sa:d prom~uwy ~+ote or in this Mwlgagr to the con+rary na+v:rhus~.i+~g: s-d ~r.y~oe o a+esra`'sa a~ t-`t o~:~^ ~
said MORTGAGEE, without notrce or dema~d, suit at law a in equity, therefore w thereafte* begun. m+1 be P~ ~s ~'~s
nad maturcd pnot to its institutioa.
7. That in the event that at the beginning of w a1 any time pending any wit upon tha Ahw~gage. e~ to ~ar~c~se 3. b"~~`'~ 'D
paymeM of any claims hereunder, said MORTGAGEE shall apply to the Court having ~urisd,ct,on thered fia the s~~+ue~ af ~~+n?. ~~T Y~
Forthwith appoint a receiver of said matgaged propzrty all and singular, i~+clud~~g ait and av+gu~s* t?+t i~+co.*t. ~'ai ~'a'es ard ~r'k'~`+~es r?aare~.er
source derived, each and every of which, it being expreuly unders~ood, is fic~eby mw~g+c~ea1 ~s ~f spec~~'cs~r ~ 4`~"'~
habendum clauses hereof, and such Receive? sha~l have all the b~oad and effect~ve fu.~+a+s +~d Powe*s in +T+r.r~ a~+a~ ~ s E'~`"r-'°' ~~d
such appointment sha11 bc made by such Court af an admitted equity a~d s rt+attd of absoSuic r~gia to sa~ MD27CsRG~. a~d ~tfr_~xr s+o t*+e
edequacy or inadequacy of the value of the p~ope~ry rtwstgaged w to rhe soirencY or ;~+~~'~T'~Y ~ k'd ~k'~"~
re~rs, profits, income, issues and rcvenues shall be spplied by such Reccive? accord~ng to iFx o~ equIIr d i+'d ~i° ~~~'fm °f s.,ch
CouA.
8. To duSy, promptly and fully perform, discharge, e:ecute, etfect, completr, cor++p~~ w~tA and at~ide by cs~+ a'aC1 ea~rY m1r s-Gu~. aqe~s-
conditions and covenanfs in sa~d promissory note and th;s rtwrtgage set fortl~
9. That in the event tFe owne~ship of the mortgaged premises. or any part thereof, beco~++es wested in s~e+soA cr`~e' s~+ '-'x ~='Y ''r~"-~' ~
M.ORTGAGEE, its successors end assigns, may, without notice to the MORiGArJR, deal w+tfi s~,ci+ wccrsso~ o~ s:+¢ess~ o-'x'~ "D ~
mortgage and the debl hereby secured in the same ~*wnne* as with Mortgagw without in any +~ar r-n,~ting o~ dsc+~-j~+g ~e ~cr"~s we'==r/ hese
under a upon the debt hereby secured. No sa!e of the Frem~ses hereby mortgaged +nd no fo*bc~`a^tt en ~.e Fm ~*'1°"~O1C' ~~O's -
or assigns and no extension of :he time fw the payrr.eM of the debt Mreby securrd g~~e*+ by the I1fx"~TCsAG=£ a' s+r~ a~`3'y >"i'i °t~+t~
ro release, d~scharge, modify chan~e or affect the orig~nal liability of the MOR1uAGOR lie+ein, erthu is+ r?~haie o' paa~
10. h is specifically agreed that time is of the essence of th~s contract and that no wsiver oF aay o'~•qaso~ uese'.s+or fl" ~t ~x x'
c~red hereby shall at any time thereafter~be he!d to be a waiver of the terms hereof or of !he ir~u~~ se~++red ~e'a1-
11. In add~tio~ to the forego'ng mort:hty payments of pri~c pal and inte+~st requ~red by she prm*%ss:,rf s~'f sz"?~ tc'=•, '".T'Ye@~ ~'K'~
3nd agrees ro pay to mortgagee w~th each monrhly payr.~enf en add~rional wm ess~-a~ed by ~*w'T~~gee to ae ~~a b~ ~ T~iOr-
;~g.
! A-All real property taxes lev;e3 w assessed aga~~v th~ above desc*ibed rFat esta~e.
E B-Premiums on fire and windstorm ~nsurar.ce as he~e~n requ:red to be car:ied on the ~m,~rovr+*~e•~s s:tuase oa me abo.~e 3~'x-~3 ~"~s~s-
C-Premiums on wch mortgage guaranty ir.surer,ce as mortgagee shaii f:eT t.-r,e ro t,r.~e dce:n frt ~ cs-ry m t`~e 'c,r~ s~~ec ~~n•=i-
? Mortgagee shail from time to time nci~fy mortgago+ wr;t~rtg of the amoum dve sr~ pav~ ~ s~ u- s~ ::~r~ bc d..°e
: cayable on the due date of ~he rtext monfhly paymem and each svccess~re month t{xreafier ~r:rii m.xsr~a~er s~1 na'*~ ~?."'~rrs c~ z s'+~+
? a,;ount. Such sums sh.all be app!~ed by morsgagee toward the payr*~eM of real p.operty taxes, .r~s~~a-~ce Fra-n.~'ns. a,a 'c.:r"-~=3a ~.-.~x~!
` premiums.
g IN \YITNE55 YJHEREOf, the said MORTGAGOR has hereunto set h+s hand and seal tfie daY Yf~ f~ ~°r "i
~ i ned, led and delivered in the presence of:
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~ ~wz.c;~ ~7 1 _ 5~
~ - Rose Mazie CaaQbell
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n STATE OF FLORIDA `
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St. Lucie ~
~ couNtY oF
~w Befwe me pe~sonally sppeared Ca@O!a@ Cd1~p11 ~
~ Rose Marie Caanbell ~ m ~ ~ ~ °D ~ a ~
~ the individua(s described in and who executed the foregang instrvrtxnt .~d ~ckrow' before me ~e!
~ Rose Marie Ca~eli
~ therein expressed. And the sai
" v.ife of the said ~oZ9e C2~1~@ll . s~co: a se~ar~e a~d prirase
~ examination by me taken aeparate snd apart irom her said husband, acknowkdged to and befo+e *~e tF+a~ she e-ae~ed s+~d `'~7~!~+ n~f
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rarily and without any compulsion, constraint, apprehens~on, or fear of or fr~m her u;d lwsband. • _
WI?NESS my hand and official seal this ~ day af ~l11 ' ~~~t O_ i9 74
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Not~ry Pubtc io ae+d ior ~!s aF F+~3 at_tarye _
- JY?y Gomrnssion ea~ras ,y Z i
Returo To: • .
- First Federal Savings 3 loan Associatio~
" Of fort P[erce. , ~
~ Fort Pierce, Flor~da . " . ~
~ fi~o ~~r: ~f~a~a~a -
=T. UK E.~.J~~T~r fa.i .
IIOCi * ~~'tRAS
'~'y~ This Instrument Prepared By J. H. Robeits Ji. CLERX C`~
;E~ t0~j
ltE~ORb yE
~~iy First Federal Savings & Loan Association
~of Fort Pierce ~ Flo:'ida ~ ~ Q ~ ~ ~~1~
Checked By ,~I~-- v ~p~~+~p
I~rc7V~ ! v
~ i 5~226 p,~19~8
~.M .
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