HomeMy WebLinkAbout1051 To plac~ and continuously k~ep on ~h~ bui!dings now or here~ftN tituals oe~ said la~d and on all equipmenf and pasa?~Ily cov~~ed by thif mw~¢
sgs, with ~II p~emiums thereon pa~d in fvll, fire insurance in Itw usual standard pof~cy fam, i~ a sum +pp~ov~d by tIN MORiGAGEE, and wind~tqm
~nsur~nc~ in tM ~swl standard polrcy form. in a swn approved by tM NIORTGAGEE, in svch compa~y or comP+nies u tM MORTGAGEE may
dfrecq ~r+d at) fir~ and winds~o~m infurance polic:es on any of sald build~ngs. any inrersst ther~in w put thcr~of, in tM +p9rege~~ wm alor~said w..•.r
in sxceu tixreof, sMU contain ~hs uaval a~andard mortga9e~ clauae or iuch o~her cleuss as tM Ma~9+ge~ m~Y ~MuH~, +n+kinp tFw lou ~nd~r ss~d po~i~ .~i
c~e~, each and evay. p+yab~e to said h10RiGAGEE a~, its ~nwreal may appear, and each and every such po~icy thall be promptly ass.yned +nd delivered ~o
•ny he3d by said MORiGAGEE ~s (urthe~ aetu~ity to said mwtgaQe dabt, and, not less tl+an ien (10) days in advanc~ of ~M ~xpi~ation o} each policy, to dr
tlver to uid MORiGAGEE s renewal the~eof, togetMr with a receipt tor the pre~niu~++ o( such renewal; +~d thers shall be no f'us or winds~orm intvranct ~
ptsced on any of s~id bvildi~,gi, any interesl thereio or put Ihe~eof, un~ess in the (o~~n and with iM ~ou payabte as efaas+~d; and in ~he •venf any sum
of mo~sy becomas p+y+ble unde. such polky w pc+licies isid MORTGAGEE shall havs iM op~ion to receive a~ eppty Ih~ isme o~ acca+~1 0( the M~debtad ,
nea~ secu.sd hereby a ro pt~mit ~aid MORTGAGORS to receive and uu it w any part rhe:aol tor oth~r purposes, w~~hou~ ~he~~u~ wai~~~g or ~mpair- J.
in9 any equ~ty, lie~ or rigl+~ under w by virtus of this mo:tgaye; and in the even~ sud MORiGAGORS sha11 fa any reason fai) to keep Ihe said premisrs so
~ni~red, or fait 1o deliver promptly any of aaid po~~cies o( inaurance 1o said MORIGAGE£, or (ail promptly fo pay ful!y any p~emium therela or in any ~
_i~r. .,,,.,.,i~.. ..,i~A u~d a6ide 6v rhia cove~ant. a anv D+~~ ~~f, said MORTGAGEE may pl~ce and ,
..,~,c.: Ec.'..:~c..:c,
pay ier such insuraoce or sny part the~tof withouf waiving a affeUing any option. (ien, equ~ty, a tighf ~nder w by wrtut ot tn~s ma~9ege, ~~~c
f~11 amouro of each a+x! ~verY such paYmeN shatf be ~mmediately dvs and payable aod ~hail bea~ interest from ths date thereof until paid at the ~ate ot
r,~~,e per ceNum per annum and to~efhe~ with svch intereat shal( br secured by tFk fien of this_matgage.
1. To permit, commit w suffer ra waste, impairment w deterioration o( said prope~ty w+~y p+N ~~~~f~
5. To pay all and singula~ the costs, charqes and expenus, includi~tg a reasonable attornsy i fce snd costs of abst~atts of 1itk, i~cuned o? W~d a~
any tima by sa~d MORTGAGfE, bacausa o~ ~n ~he event of the fa~Eura on the part of the said MORTGAGOR to d~ty. promptlY snd f~ltY pertwm, discharge,
~xecute, eifed, ca*~plete, comply w~lh and ab:ck by each and eve~y the stipularions, agreemenri, co~di~~au, and covenanb of said promissory note and thii
mo+rgage any or eithe~, and sa~d cests, charges a~d expenses, each and every, shatl be immed~ately due and payable; whether w not there be notice de
mand, attempt to tolleQ w suit pending; and the full amouM ol each and every such paymeM shall bear interest from tM da~e lhereof uotil paid a1 Ihs
~.:se of nine per cenr~m pC~ annum; end ali ~aid co~~s, cha~grs and expenses ~nc~sred w pe~d, ~ogNher wdh such interest, shall be secured by the lien of thi~
rnorigaye. "
b. That (a) in the evcnt of any breach of t!~is Mo.tgage or defautt on the pa.t of the MORTGAGOR, w(b) in ihe event ~ny of said sums of money
herein referred 1o b~ no1 promptlY and ~u~~Y W~d w~thin thirty i30) days next after the same seve~a~ly l~etome due snd payable, withovl demartd o~ rwlice.
er (c) in the event each and every 1he stipulations, agreemenri, conditions and covenants of sa:d p~wn~ssory note and this morlyage anY O~ tilher ar~ no1
i:,iy, pro~:p~ly end fully perlormed, d.schacged, executed, effected, canpieted, compl~ed with and abided 5y, then in eit}?er w any svch event the sa~d sg .
~~egate sum mentwned in said promissory note then rema~ning unpaid, w~th iniarest aCcrued, and all moneys secured hereby, shall becort~e due and pay-
e~:e forthwith, or thereafter, at the opt;on cf said MORTGAGEE, aa t~ity and canpietety as il a!I of the said sums of money we~e uiginally st7pulated
re be paid o~ such day, any~hing in sa:d prom~ssory note or in this Alortgagr to ~he contrary notwithstanding; and thereupon w 1Fxreaiter al the opuw? of
.,.-~rr-,,.-. e~•••.:ty ~M.ofn.w c+. ~hcreafier beaun, maY be P~wecuted as if all maxys secured hereby
S~:U MVRIVrVIt• • v. v~....... . _ ' . _ ' _
1:_~ TdIJfCd Pf~Of ~O,~lf ~nSt12U110/1. ~
7. Tha~ in the event that at the beg~nn;r.g of w at any iime pendi~ g any suit upon this MQ~~ga9e, w to fwetlose if, o~ fo reform if, or fo enforte
;.;vmeM of any claims nereurdrr, sa~d FSOFTGAG'c~ sha~l apply to the Co~rt havmg v:ndicrion thereof fw the appointm~nt of a Receivet, such Cour1 shall
t~.rth,vith appo~nt a recei~rr of said mortqa~ed pr~pe-ty all and ainguiar, irduding a:I and s~ngul~ ri~e ineome, p~ofitt, hsues and revenues from whateve~
s ~•ca derived, each ar.d every of wh~ch, ir be:ng expressly understQUJ, is hereb/ mo+tgaged as if specifically set fwth ~nd dewibed in the graming and
1 ebend~m ciauaes heref, and such Recewer shetl have all ~he bruad and effecf;ve fvnct~oM and powers in inyvvise enttusted by a Cou+t to ~ Receiver, and
s_ch appointment shall be made by such Court as an admitted equ~ty and a matter ot adsolute right to said MORiGAGEE, ind withoul re(erence to the
adequaq o? inadequacy oE the value of tne p.oprrry mortgaged or to the so.vrncy w inso~vency oi ssid MORiGAGOR M 1he detendann, and Ihal such
r.~~,~s, profits, income, issues and revenues shail be app+~ed by such Rece~ver accorJ:ng to the lien or equity of said MORTGAGEE and the prattice of such .
C: U!t. _
8. To duly, p.omp•:Y and tully pe~lorm, discharge, execute, effect, cortp~ete, comply with and abide by eath ~~?d every tFx stip~lations, agreements,
o~nditions and covenanrs ~n sa~d promissory note and th~s mortgage set forth.
9_ That in the event the ownership oi the mc~tgaged prem~ses, or any part thereof, becomes vested in a perwn other ilwn ihe MORTGAGOR, the
:~RTGAGEE, irs successors ar.d assigns, may, wirhovt na~ce to the :~10RTvAOR, deai xith such successw o~ wccessor in iaterest with refe~ence to this
o~tgage and the debf hereby sacvred in the same manner as with Mortgagw without in any wsy vitiatiny a dixha~girg 1he Moriflsgors' Iiability here~
de. cx upon ~he de6~ her~by secured. No sate of tF~e premises h.~reby ~nottya9ed i~d rw torbearance on 1he pa?t of the MORTGAGEE or its wccessors
assigns and no exte~sion of the !ime for the paymeRt oi the debt hereby secured given by the MORTGAGEE or its suttesson or ass~gns, sn+~~ operate
ro .eleass, d;scharge, modify change or affcd the originat liab~ti~y of tne 1NORiGAGOR herein, either in wiale o~ in puf.
10. It is specifically agreed that time is of tfie essence of this contract and ~ha~ no waive? of any obiigstan hs~evnder w of tFa obligatan se-
cured h.:reby shall at any time thereafter be he:d to be a wai~er of the terms hereot or of the instrumeM secured hetby.
11. In 3d~.tio~ +o rhe forego'~ monthty paymenn of pri:•.: pal and ir,re.•_st required by the promissory note sec~red hereby, mwtgagar eovenants
d agrees fo pay lo mo:tgagee ~ith each munth~y pay~:~ent a~ add~rional s~m est~n:ated by mortgagee to be equal to 1~12 of ihe annual cost of the follow-
q-Afi reai property taxes levied o~ assesseJ nyai-st the above descri~cd real estate.
~ B-P.em~ums on fire and.wiodsto~m msura~ce as nrrein fCGL~SCd to be ca~r~ed on the im~~oveme~ts situate on the above desaibed premises.
~ C-Premiunu on wch mort~~ge guaranrv irsurance as ma~tgagee shail from r me to t~me deem fit to tarry on the laan secured hereby.
Mortgage~z shail from Gme to ti:ne notify rnorrgagor ~n writing of the r~+ourtt due aod p~yable hereunde? and such wm shall thereupon be dw a
,>.jble on th.: due oate of ~he ne~et nwnth!~ paymem and each wccessive mor.th thereaffer ur.til mortgagee shall notify mortgaga of a change in such
~ ' '
,~ount. Such sums shail be appiied by mortgagee toward the payment of real property taaes, insurance p~em.ums, and morigage guaranty insurance
. ~emiums. ~
IN WITNE55 WHEREOF, the said AiORTGAGOR has hereunto set h~s hand and seai the day and year first sfuesaid. _
/ igned. Sealed ard delivered in p+esence of: _ •
. _ ~ ~~~~~r' (Seaq
" All F. PieYCe ~,q
' aq
- - irene P' ce se,q
~'ATE OF FtORILy~ /J ~
"OUNTY OF Q ~ ~~(iPA~/ ' S5.
Befwe me penonal{y appeared _ Ai1~1 Pierce and
IYene Pierce his wife, to me well known and known to me to be
~i ~ indiriduals described in and who executed the foregang instrument, and xknowledged before rt+e that they executed the same for tIx purposes
r±~c~e~n exp?essed. And the said Izene J. P~@ZC~ -
f:~fe of rhe sa~a _ Allen F. Pierce upon ~ sepa~ate snd priwte
=~m~~ation by me taken separate and apart from her said husband, atknowlydged to and befwe me that she executed said instrument freely and vol~rt~
~ ~.~•~ly and w~thwit any compulsan, constrainf, apprehension, or fear of or from her u~ sband.
~J 7,4'
`NITNESS my hand and offic~al seat this___Q[~-- day of ~~~~q
y • • ~ ' J T i~i '
',~r.~~~~~~...,~: ~i~i
Notary Pu it in and fw the Stat INltla at Qf~, ;
~ My Commiuion expires: ' = ~ ' ,~j ' ~
Return To: NOTARY PUBIIC STA~r~ 2FL A AT 1~6E p ,
QIliR
~ Fint federal Savings a loan Association htY CO?RM~SSION p~liR~ ~ 11. 1
~ Of fo.t P:ere~. 6'J;dD'D T"RU G`NcPA1 f~ 9 1~
V
C ~Of R~~ :
Fott Pierte, Florida ~]-7 ~ 4 ~
~ ~ ~ _ ~ ~ •~,~~,~~yc..•!~A`` .
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~ •
This Instrument Prepared By J. H. RobeZts JZ. ¢E~~FOEO
First Federal Savings $ Loan Association FIIED R~~ FU.
puNT~l
~ of Fort Pierce~ FloYida 33450 51~ R~to~o;11TRAS ~
~tp,U1t GOURT R
ClE r.' f $0 ~ .
RK ~ o.r~~ PA .~Q
Checked By j,~ Rc~CRn Gf 5
~t a~ ? 9 °9 aM'~~
rv~~~
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