HomeMy WebLinkAbout1870 3. To p~ac~ and cunt~nuousty keep on tM bu~:Jings ~ow u~ heroaiter utuat~ on w~d ~and and on all equ~prrant and personally cove~ed by this ma~
sge, with all p~emiums thereon pa~d in futl, fire insurance in ~ne ~sual s~a~derd pol~ty iwm, in a sum approved by the MORiGAGEE, a~d windstam ~
in?ur~nc~ i~ ths uswi sunJard po~~cy tam, in a sum approved by tM MORTGAGEE, in wch company w companies » the 1410RTGAGEE may
dvcc~; and all fir~ and w~nJs~orm in~uranct polk~es on any of sa~d build,ogs, any intereal tturein or pa~t therrol, in the aggregate aum afwesa+d o+ ~
in exceu ~heteoF, shaU cuntain ~he usual standard mort9ag~e t~ause o~ such o~he~ da~se u tM Allatpagee may requu~, maAirw the loas u~der sa~d polt y~
cles, each a~d eveiy, payab!r to said MORTGAGEE as its inter.st may ~ppear, and ea<h a~~d e~ery such po!~cY st~a~~ be P~a^Ptly ass.gnEd and de~iver~d ~o ,
any held by sa~d h10RTGAGEE as fur~her ucurity to sa~d mortgage debt, and, no~ ~ess fhan 1en (10) da~s in adva~lce of the rzpirafion of each policy, ~o dr j
f~er to u~d MORTGAG:E a rtrxwal thereoi, toge~he~ wirh a rece~pt for the p~om~um of such renewal; a~~d thero shall be no i'ue or wi~~d~to~m insur~oce ~
placed on ~ny of said buildings, any intereat thcrein w part the~eof, un;eu ~n the (onn a+x! with ~he ~oss paya6ie as a(oreu~d; and in the evenl any ium
of nwney bccomes payable under wth policy w poi~cies sa~d MORIGAGEt shall have the op~wn to rrcaive and epply the sa.-na on accou~t of the indebted~ ` ,
ness secured hereby w to peimit sa~d MOR7GAGORS to receive and use it or any E>art thrreo( ior otnrr purpasrs. sn~ito~t thar: o~ wa~+~ ~3 0~ ne~~wu- f..~ (
ing any equity, lien w r+gh1 under w by virlue ol thia mo:7gaga; and in the even~ ta;d !Y\ORTGAGORS shall fo~ any reawn fail fo keep the said p~emisrs so ~ ;
ns~rcd, or fail ro dellver {xomptly any of sa~d polic~es of ~naurance ro seid 'MORTGAGEE, er fail p:ompNy 1o pay fully any prem~vm therefor w in a~y •
respact tail ro pe~(orm, d~scha~ge, execute, efiect, comp~e~e, comply w~~h and ab~da 6y th~~ covenant, w any part he~eof, said MORTG~+GEE may p~ace a~~d
p~y for such insurance Lr any pert there.~f wnhou~ waivi~g w afFecting any option, lirn, eq~ity, or right under or by virtve of thls Mortgage, and ths .
f~tt amo~M ef each and evey such payment shall be immediately due and peyab~e snd shatl bear interrst irorn the data thereof untit paid a1 the ro1e ol
~.~~,r per cen~um pe~ annum and to~ether w~th s~ch inrcroat stiall be s~wred hy the l;en o~ th~s mWtgage.
J. To permit, commit or suifer no wastc, impairr.ient or detrrioroCOn ol sa~d propcrty o~ any part thereof. ~
5. To pay all and singular the ccsts, chargea and expe~ses, includ~~9 a reaso~able attw~ey'a fee and cos?s o( abstractt of title, incurred or paid ai
any ~~me by said MORiGAGEE, because ar in ~he e~eN of ~he failure on the par~ of the said MORiGAGOR to duty, p~om~tly and fully parform, d~xharge.
~aecute, effcd, complete, cornply with and ab:de by each and every the atipu:at~ons, agrrements, condit~ons, and covenants of sa~d pranissory note and this ~
,-.or~gage +ny w r~ther, and sa~d costs, charges and expcnses, each and evcvy, shall be immediately due a~d payable; whether w not there be notice de~ ~
n,~nd, auernNt to co11M o~ suit pend~ng: and ~he full amount of each and eyery such paymrnt shall bear imeres~ from ~he date ~Mreof untit paid at the .
of nme per centum ~r amium; ana ait sa~d costs, chargrs and expenses incur.~d cr paid, togethe? ~vdh such i~terest, shall be secured by the Gen oi thiu ;
,
mortgage. ;
6. Thaf (a) in the event of a~y breath o~ this ~IAo~lgage or default on ItK pan of the MOATGAGOR, or (b) in fhe event any of satd sums of money :
herzin referrod to be not promprly and futly peid ~~~ihin th~rty (30) days ~xt aiter ihe same severally become d~re and payable, wilhout demarxl or notice. ~
or !c) in the evem each arxl every the stipu'ations, sgreemeraa, co~d~tions and covenants of w:d promissory note and th~f mortgage any a either are no1 !
i.,;;. p~anptly and fully performed, d scharged, executed, effectid, complcted, ce:npiied wifh and a6~ded Sy, then in eithe~ w any such evenf Ihe said ag
;-e3a!e aum mentioned in sa~d prom~sso~y nc~te ihrn rernaining unpaid, wnh interest acu~:ed, and a~l moneys secured hereby, shall become due and pay-
ao c forthwith, or thereaiter, at the op!~on ot s~:d MORiGAGEE. as fuily and comp~ete~y as ii ail oi the said w~~s of money were ong~nally stipulatcd
rc be pa:~ an such d~y, anything in s~ d prom~ssory note or in ti,;s A1o.tgag~- to the conrrary noswitt~sranding; and thereupon or thereafter at the option o(
sr;d MORTGAGEE. without no+:te or d~mand, suil at law or in eqv~ty, tl~erefore or thereaiter beyun, may be prosecuted as if aH moneys secuted hereby
n~d maturtd pnor lo its institution.
7. That in the event that at the beginn~ny of or at any tin~,: pendi~~g any su~t upon this .Vlortgage, or to faeclose it, w to refo~m it, or to enforte
;;~;~nent ot any Uaims he~eund_r, s~~d A1vRTGAGcE sna~! applj fo the Co~n hav:r.9 ;e.•~sd.ct~on fhereof for the appo~ntment of a Receiver, such Court shall
_~•:.~ith appoint a•e:~~:er of sa~d r.:v~tgagrd pro~•:rty a".I a~d s~ng~la~, inc:~ ng a~ and s~~.yular it:e irtcome, profns, issues and revenues from whatever ~
s. _•cr derived, each and eve~y of .vh:ch, ~t l~~ng express:y understood, is hereby u~o:tgaged as ~f spec.ficatly set forrh and described in the g.anting and ~
h;:,z=ndum da~ses hereof, and such Rec~rve~ shau h:.:: at: the brcad and rifccrEre funce~ons and pov.ers in anywise enuusted by a Court to a Receiver, and
ch appointma~l ahali be made by such Court as ara ad>>~~trd equity and a matter of auw!ute rlght to said MORTGAGEE, and w~lhout reference to the
ad•~qvzcy a inadequacy of the val~e of the prOpefty ~no+~gaged or to the so~vency cr ~nsolventy of said MORiGAGOR p the defendanls, and that such
~~~~n, profits, income, issues ai~d revenues shat! be appi~ed by such Receiver a<cord~ng to the lien or equity of said MORTGAGEE and tfie practice of such
Ccurt. _
6. To du!y, pr«nptly and f~rlly perfo:m, dtsct+a.ge, execute, effect, corrpiete, con:oly with and abide by each and every the stipuiatio~s, agreements,
::~.ditions and covenanta ~n said promissory r.o;e and th's mortgage sef forth.
9. That in the event the ownenh~p of the moet9aged prem~ses, o+ any aart therecf, betomea vested in a person other than the MORTGAGOR, the -
: ~-RT;,A~EE, ns sutceuo•s a~d ass~gns, r:uy, wi~ho;;t norice to ihe MORTGAOR, deal w~+h such successw or successor in inferes~ w~th reference to this
,~r!9age ar.d rhe d~bt hereby sec~red in tht sama manner as with hlortgagor without in any way vit;ating or d~scharging the Mertgagors' liability hera •
~~~r or upon rhe debt t:e~eb~ se.u~cd. No sa!e of !he Fremises hereby morrgaged ar.d oo (orbearance on the pan of the IdORTGAGEE or its successors
_ ess~gns and no ex~ens~on of thr t:m~ for ihe pay~r.ent of ti~e debt hereby secured g~ven by ihe JdORTGAGEE or its successors or auigns, ahall Operate
_ re'e~se, ds.harge, mod~fy change or affect ~he orig~nei iiauii:ry of the h~GRiGAGOR he~ein, either in whole or in part. ~
10_ It is spcuf~:et{y agree~ ~har t~~~~e is of the essence of d:is contreU and that no waiver of any o6ligation hereunder or of 1he obligatan se- `
tvrcd hcreby shal+ at any time thereairer te hctd to be a v.aiver of the terms F.ereof or of Ihe instrument secured herby.
I1. In adJit~on to ti ~ foregc r~~c :rh'y ~,ay:^:nis ot p:fnc'pat and in~~•res! requ~red by the p~om~ssory no~e secured hereby, mortgagor eovenants
~ agrees to pay to mc!g+cee .•.i:h eacF. :,~:~~!h'y ;;a;r ~er~t an adci~-io~:a! surn _s••:r.at~ci b~ mortgagee to be equai to !;'12 of the annual cost of the follow-
'
A-A!t rcal property tax,s :ev~ec'. er assc.s_c agarsr the ai,ove desr~b~d reai es~at~.
B-Pre.r~ums on f:re arxi v;~nds~of~n ~rn~~>_~ce as ne-~.~n requ.red ~o be carried cn fhe improvemeats situate on.the above desuibed premises.
C-P:e^=~vms on sxh morTgaQe g::a+r.ntr ~-s~:ar,ce ~s mo•ryacee sha;t from r me ro t~-ne deem fit to tarry on the loan secured hereby. ~
ti!ort~agee s~ ~ fro~r 'i~r:~ to ts~^c r.or~f~ r.:Crty~~~r ~n v.r;~;ng of the ar.~oo~t dve and payab~e hereundrr and wch sum shall ifiereupon be due and
n!z on rhe d;c•,oar~ of ~F.e next ~.,o~~th:~ paymenr and each successive r,~o~th rhereait~r un!il mortgagee shall nofify mortgagor of a thange in iuch
o~nt. $~ch svms sF.a!I he app~eed by ,~+or+gag:e to.rard the payment of rea! preperty taxes, insura~ce prem;ums, a~~d mwtgage guaranty insurance
~'1T5.
IN Y1{TC~E55 V:HEREOF, she sa~d h:ORTGkGOR has hereunto set his hard and seal the day and ~ear first aforesaid_
~ Signed, Seated and detivered in the presence of: " 7 , s
~ ~ ~ . '
~ ~ _ . enr a t Williass JY. . `
r ~ ` (Sea4
~ - J~u~j P Willislas (sea~)
~2~
~-.1iE OF FLORIDA ~
St. L.ucie
%UNTY OF _ ~
Before me personally appeared H~'1TV CZaVtd7 Willi~~e .~i,~ and
.Ilit~j( Pi w~il~.a11S his wiie, to me well knewn and known to me to be !
~ndividuals desu~bed in and who executed the foregoing instrument, and acknowtedged befwe me that they executed the same for the purposa
._•_~n expressed. And the said Judy P• W111~8SS
F~ of the said _ Clavton wilt~~s .1=. upon a separate aod private
~ _T.-na++on by me taken sc,~arate and apart from her said husband, ackno~ntedged to and before me that sF~e exetuted said instrumeM freely and voluo-
~ ~ and w~thout any' compu.sion, constraint, appreh~ens:o~n,
or fear of w from her said husbaod.
VlfTNESS my hand and offlc~al seal shis_- day of_ `~~e A D. 19 74
~ . Q -
- Nofary Public in and for he State of F{orida at large
~ ' My Commission expires: a 0- 3~~~~S
Retum To: _ ~ •
r.
First Federal Savirys b loan Associat;on „```t,
a ED ~ ~
~ Oi fort P erte. ~~~,~A~ ~ , e
41~ ~
~ , foit Pierce. Flc:ida S
RO~j~R j~~5 aj ~ ~ - :`~.~~~i~~
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~ c~~~~~F~~~ti~o ' - , ~ ~ ~ :
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~ This instrument Prepared By J. H. Roberta .Ir. ~.j~ . ' r~ ~
~ fi r s t F e der al-Savin gs & Loan Association I a 42 •
: y~~ : ~ ;
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of Fort Pierce Flarida 33450 • ,'•.:~b~ .
~ ~ ~~p/~~'r s -
Checked By ~ - _ _ -
0 R ~s~p Q .
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