HomeMy WebLinkAbout1534 3. To plec~ and conti~uously tcep on tAe b~i!d~~~ga now or here~fter ~~tuaq on said I~nd and on aU rq,,~pment and ptr~on~tly coeered by 1h~s mor:g-
p~. with ~II ptemivms fhercon pa~d in fult, i~re insurance :n tha ~~wl ~undud poiicy lam, in a sum ap~xo+ed by tne MURiGAGEE. and w~ndstam
insunnc~ in tM usw) atand~rd po~~cy iorm, in ~ sum app~ovad by tM MORTGAGEE, in such compa~y Ot CCm~niH u t?~a Mt~RTGAGfE may
diret~; and all iir~ ~~d w~nds~o~m in~ura~+:~ potiues on any oi sa;d build,nys, ~nY inte~es~ ~h~re'w+ o? p+r~ fhereol, in tt~e sggreyate sum aforeia~d w
In eateu Ihcreo(, i1wN contain the vaval ita~~dard mat9ayN cl~us~ w fuch oihsr tlaus~ a 1l+e Mwtg~gee may ~equ~rt. matinq the toss u~~der sa~d poli. ~
ciss, eath and every, payabis to said A10RiGAGFE as i1s inlere~t may appear, and each and eve~y such po~~cy aha~~ oe prompry atsg~~ed a~~d de~~ver~d to a
¦ny held by sa~d MORiGAGEE as fur~her sec~r~ty to ss~d mo+tga3e debt, and, no~ ~ess ~h+n fen (10) days in adva~xe of f?+e e¦p~~~~~w~ o! each poJicy, to de-
Gver to said MORiGAGEE a renewal theroof, together with a rece:p~ for the p~em~um of such renewal; and ~he+e sha~~ be no Lre w w~~~dato~u~ inwrance
pl~ced on ~ny of said buildings. a~y intereit the~ein w p+r1 the~eoF. unleu in ~M iwm and w~~h ~he loss payable as atoro~aid: and in thc event eny sum
of mo~ey beca++es p+y+ble unde~ such policy a~ pofcies s.+~d MORTGAGEE sAall have ths opt~on ro rece~ve a~u! app~y the same w+ accou~~~ oi ~he ~ndubtrd-
neu secured hsreby o~ ro permit sa:d MORTGAGORS ~o recaive and use it w any part thareo~ ior osi~cr pu~~oses, v.:fho,,e ~h_•~ur ~9 ~+~•W"- .
ing i~y eq~ity, tien o~ ~ight under w by virtue of this mo:•gage; and in the even~ ts:d MORTGAGORS shall Ew any reason iail to keep rhe sa~d piem~ses so
insured, o~ fail to deliver promp~ly eny of said po~Kies of insurance to u~d MORTGAGEE, o~ ta~~ p~w*+pr1Y ro W~ fu:~y +ny P`~'°'~`^ shcrefa a~ ~n ~^Y
respect tail to periam, discharge, execute, etfect, comp~ete, comply wi?h and abide by this cove~an~, w a~Y Par~ hz~eof, s~:d MORIGAGEE may p~ace a~~d
pay (W such irtsurance or any part thereof witFwut waivir?p or affedinp any option. ~iM. eq~~ty, w right vnder or by ~istw of this Mwtgage, and the
full amou~t of e~ch and every such payment sMll be imrnediatety dve and payabk ar+d fhalf be+r i~terest from ths date the~eoi un~il paid ~t the ra+e ol }
nine pe~ centum per annum and to~ether with such interest shall be secured by the lien of this rt~wt9age• i
4. To permi~, commit x su((er no waste, impairment a dcteriora~ion of uid prope?ry o+ any put the.eof. ~
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S. To pay all and singulu the costs. chargcs and expenscs. including a reasonable anwney's fee and costs oi abstiacts o( t~tle. incurrcd o~ pa~d at ;
any ~ime by said MORTGAGfE, becauu or in ihe event of tM faitwe on the pan of the sa~d MORiGAGOR ~o d~,ly, pror+pNY and fuily perform, d~xharge,
e,cecute. effett, complete, tomp~y w~~h a~d ab:de by each and every ~he stipvlauw+s, agreements, cond~~~ons. aRd ceve++anrs of s~~d g~om~ssory note and ih~s ;
mortgage sny or either. and sa~d cosn. charges and eapenses. e+ch and every, sh+ll be imnxd~~tely d~e and payable; whe~her w rot tAere be norice df
mand, anempt ro collect w suit pe~ding; and the fulf amouM of each and e~Mr such paymcro sF+a~t bea. ~n~erest from the date ~hereof uroil pa~d at the
~.~te oi nine per centum p2r annum; arx3 all se~d costs, charges a~~d expenses intwred a paid, together w~th sucl? ~n~e:est, shall be secured by the l~ea of tba
morty~ge. -
6. Tha~ (s) in ths event of any beach of this Mongage o~ detaul~ on the part of the MORTGAGOR. w(b) ~he event ~~y of sa:d sums of money
herein teferred lo be not promptly and fulfy paid within th,~ty (301 days next aftrr tF+e same xve+atiy become due and payable. without demsnd a"notice.
or (c) in tF+e event each and every ~he ~»pulaiions, agreements, cor.d~tions and covenants o! sa,d promissorY note and th:s mwtyage anY o~ e~~h~r are nol
~ufy. PrompHy arx! f~lly perfwmed. d~xharged, eaecwed, e~fected. completed, campl;ed w~fh and ab~ded Sy. then i~ enher or any such event the sa~d ag
gregate sum mem'aned in uid promisao~y note then remaining unpaid. with inieresl xuued. and all moneys secured hercby, shall oecwne d~e and pay-
eble forthwith, o~ thereafter, at fhe opt~on of'said MORTGAGEE, as (ully and compiefely as if aU of ~he said wms of ma~ey were ag~na~ly st~p~lated
to be paid on svth dty, anything in sn;d prom~ssay note a in this Mortgage to fhe contra?y notwi?hstanding; and ~heree~ppn w the~ealtr at the option of
sa;d MORTGAGEE, w~thout not~ce w demand; suit at law w in equity, therefore w thereafrer begu~, may be prosecu~ed ~Z'~f all moneys secured hereby
nad matured pnor 1o its institurwn.
7. That in tF+e evcnt thaf st the beg~nn~ag of or st any t2me pend~ng any suit upon this Mor~gsge, w w foreciose it. w to reform it, o? to enforce
payment of any claims hereunder, said AAORTGAGfE sAal1 apply to the Co~rt Mv~ng Ivr~sd:c~~on iheteof ~w the appo~ntment of a Receiver, such Cour~ shall
Forthwith appoiN a ~eceiver of said matgaged property a~l and sirg~lar, includmg ail and singulsr the intome, profes, iss~es and rcve~ues from whetaver
source derived, eath and every of whKh, i! be~~+g expressty under:rood, is hereby m«igaged as if 3plC~fKiIFy set iw~h and dexribed in the g~anr~ng and
habe~dum clauses hereof, and such Receirer shall have all the b~oad and effective func~~ons and powers in anywise emrusted by a Couct to a Rece~ver, and
s~ch appointment shall be mede by such Court as an admined equity snd a matter oi absotv~e r~ght to said MORiGAGEE, and w~ihou~ reference to tha
adeqvscy o~ ~nadequacy o! the value of tMe p~operry mo.tgaged or to the so:vc~+cy or ~nsoivency ot sa~d IYIORiGAGOR a t?~e defendants, a:+d rhat such
re~n, profits, irxome, issues and revenues shail be apptied by wch Receivcr accord~ng ta the lien or equ~ty of taid MORiGAGEf and the p~acrice of such
Courf.
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8. io duly, promptly and fully periwm, discharge, e:ecute, effect, co~iete, comp!y with and ab'~dt by esch ~nd every the sf~puSa~ions, agreements,
condit'aru and covenams m sa~d promissory note and ~h;s r.wrtgage set fath.
9. That in the evem the ow~+e~sh~p of the mortgaged premises, w any part thereo(, oeco+nes vested ~n a Perso^ other than the MORTGAGOR, the
h10RTGAGfE, its successws snd. ass~gns, may, without ffC1KC to the S!ORTG~+OR. deat with such succeuu or successor in intereat wirh reference to this
mor~gage and the deb~ hereby secored in the same manner as with Nbrtgagor w~thovt in any way vitiating or d~:chafg~ng tF~e Ma~9agors' liab~lity FKrr
under or upon the debt hereby secured_ No sate of t}~e Fremises hereby mortgaged and no fwbeara~ce on the par~ r.f the MORiGf.GEE a its successo+s
or assigns and no extension ot the time fw the paymem of the debt hereby secured g~ven by the 7M"~RTGAGEE o~ iK successors or au~gns, a.tiall operate
a:..~...,,~ .~.,,,e ev aff.rt ~M «:n.nal lia6~titv oi the MORTGAGOR ixre~n, ei~her in whok or in part.
.c..~ua~. v,.~ . ~:y'~ ~ ~ • - - ~
10. It is specifically agreed fhat time is of the esxnce of this con*ract and that ~o waiver of any obligat~on hereunder or of the obligaYan so-
cured hereby shafl at any time thereafter be held to be a wairer of the terms hc~eof a of the instrumem securrd he+by_
I1. In add,tion to the forego ng month!y paymants of princ pai and i~terest req~ired by the promissory ne!e secured hereb/, morfgagar covenants
and agrees ro pay to mortgagee with ea~h monrhiy payrnertt an add~sional sum est~mated by mwtgagee to be eq~a1 t~ 1,112 oS the annual cost of the fol{ow-
ing: _
A-AU real property taxes lei~ed or assessr3 agains~ the above describcd real estata.
B-Prem[ums on fire and windsto-m inwrance as he:e~n reqv:red to be carr~ed on ~he :mproverrK~ts situate on the above desuibed premises.
C-Premivms on s~ch mortgage gua+anty ~r.svrar~ce as mo.tgagee sha:! f:o~: time to Gme deem fit to carry on the ban secured hereby.
Mortgagee shall from t~me to t~me no:ify mortyagor ~n wr;t~ng of the amount d~e and payable hereunder and such su~+ shatl thereupon be due and
k G.ayable on the doe date of the next month:y pay:nent and each successive :non~h thereafter ur:tii mo:rgagee shall not~fy mortgagr.~ of a change in such t
~ a~~:ount. Such sums shall be app:ied 6y mortgagee :oward ttx payment o~ reaf p+operty taxes, insura~ce prem:um3, and mutgage guaranty insurance
~
~ premiums•
~ tN WITNESS WHEREOf, the said MORTGAGOR has hereunto set h~s hand and seal the day a~d year first afaesaid. ~
delivered in the p?esence of: ~ ~ i
, a~ E
$ H rr I. We 1 r es~an
- _ ~ aq j
Alice L. Wexler ts~sn `
i
STATE OF FLORIDA
SS.
couNnr oF St . Lucie ~
Before me Qenonally appeared Harry I. Wexler ,~,a
Aliee 1,. Wexlel' his wife, to me well known and krawn to me to be `
rhe individuals desuibed in and who executed the fwegoi instrumeM, and ackiwwledged before me that they executed the same for the purposes f
rherein expressed_ And the taid Aliee L. W@X~@r
~ Harry I. Wexler s xpa~ate and private
wtfe of the uid
=xaminatiw~ by me taken separste and apart from her said husband, ack~owkdged to a~d befwe me that she executed said instrument freely and vol~rr
rar~ly and witlw~t eny compulsan, const~ainr, apprelxns~on,_Qr fear of or ir~m said husband. ~
3 WITNESS my hand and official seal this - day of A- ~9
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N ary Publrc in srx! f the Stafe of Fbrida st large
~3 Comm~ssion expir
~ Return To: NOTARY PUBUC, STATE af FL~RIDA at 1ARGE
Fir:t Federal Savings 3 loan Associat~on YY f.OA~tMISSION EJ(PIRES IUNE 21, 19/6
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~ Of Fort P,erce. ~ay~o Ttuv csMwn~ tnw.~~e Uw~r~r~tre
~ Fort Pierce, Flwida ! t ;~KeEO '
~ 5~4~~`~" :.tiTY F~~. ' . -
~ ; ~ : ~ c~~•: ~ j ~
~4~
.f ~ : '•S:S yJJFT ~~1 ~~.•.~_~Z.~~~
This Instrument Pre ared B Richard V . HO e F ~ ~ t~~r ~ ~ ' ~ " ~ ; ' = ~ ~
P Y P Q. ccc~ :.~L~`-. :j',:::~ . ~
: First Federal Savings ~ Loan Association ~ ~ 58 ~u _ . _ - : ~
of Fort Pierce ~ 1~ '1 ' : - '
~ - tr ' = ~ ~
Checked By 12aC7~~•7 : y i `1
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0 R ' ~u: :
6aeK ~0 PacE1533 ~ „t.~,H.
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