HomeMy WebLinkAbout1939 To plac~ and continuously ke~p oo ttw bui'dirp~ now a here~iter ~itvate on ea~d la~d and on ali equipmen? a~d ptr~on~lly cover~d by this mor19- >
ags, with all p?emiumi thercon pa~d in full, li~e i~s~~~~~ce +n ~M us~al s~a~dard po:~cy lorm, in a ium •p~xoved b~ ~he MORIGAGEE, and w~nds~wm ~
~n~ur~nc~ in tM usual standard po~~cy ~o+n?. in • wm approv~d Dy the MORTGAGEE, .in s~ch company or tompanitt a tM MQRiGAGEE may ;
d~rKh and ~II lir~ end wie~ds~orm insu.ance polic~es on aoy of sad build~ngs. •rsy in~e~~si +he~ei~ or part therwf, in th~ ppre9aq wm ~fo~eiaid w ~
in exceu Ihereof, thall ca+uin the usuel ~~andard mortgages tlauss a such o~lie~ c~ause as ~M Mo+~yages may requ~r~, makir?y tM lois v~xla+ uid pu~i-
c~es: each ~nd every, payabte to sa~d M~RTGAGEE ~s ifs imeretl mey appear, and each and eve~y such policy ahall be p~omptly ~ss.9~ed snd de~~vernd to
eny held by sud AM1ORfGAGEE as lurthe~ security to ~eid mw~9age drb1, and, not ~ess than ten (10) dayi in advance of the expiration oi ea:h po~icy, to da
I.~er to said MORiGAGEE a renewal thereof, to9e~he~ with a retr~pt iw the pre~nium oi such ~enewal; and there i1+s11 bt no fite or windstorm insur~nt~ Y
p~aced on ~ny of a~~d buildinyt, any interost thsrsi~ or put thereoF, unles~ in the iorm and wilh the loss payable as aFo~ese~d; ~nd in the evenl any c~m :
of mon~y becomes payabl~ under such poli<y w polKies said MORiGAGEE sh~ll have ~he oprwn to nceive and apply ~he s+me on +ccouro ~f ~ha ~^d~bt~' ~
ness setured hereby w ro pe~mit said MORTGAGORS to rKaive ind u~! it or any part thtreof tor otn~r purposes, w+~ho~t th.reb/ wawin~ o~ ~mpah- ;
;ng any equ~ty, lien or ~ight unde~ or by virt~e ot this mo:tgage; and in the evcnt sa:d MORTGAGORS shsfl (or eny reason fsil to keep ~he ~a~d premiirt so i
~ns~red, o~ fail to deliver promptty any of sa~d polK~es of insuronce lo sa:d ~10RiGAGEE, or fa~l promptly to pay fully any pre~n:um therefw or in any ~
re~pect fail to pertorm, dlscharge, execute, e(fect, canp~cte. comply wirh and ab~de by th~i cove~ant, a any part hereof, said MORTGAGEE may p~sce and ~
~,av (w suth inavrante or any p+rt thereof withoul waiving w aifecting any op~ion, lien, eqv~ty, w ~ight undcv w by virtw of this Mutgage, u+d tht
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f~~'I amounl of each and every sucn paymrm snan oe ~m:nro~e~ery uve o~~.; ~ya.,.~ o~.~ -
•,~,r per cen~um per snn~m and eo~ether Nith s~ch i~teres~ shall be sewred by the lien of this mafgage. ~
I. To permil, commit a suffe~ no wasle, impaLmeN a deurioration of said p~operty or any p~rt theteof.
5. To pay all and sirgula the costs, charges and eapensea, indud~ng s reasonable attorney i fee and co~ts of abstrscts of titls, incurred w pa7d at
any time by s~~d hiORTGAGEE, because a~n ~he evcnt of the fa~ture on the part of the said MORTGAGOR to duly, pranptly and fvlly periwm, d~scMrge.
a.~~cute, etfec~, complete, comply wi~h a~d ab;de by each and evcry the st~puiat~ons, agreen~ents, conditions, and covenanrs of said prani:swy note and thi~
~,orryage any or e~~her, and sa,d costs, charges and expenses, each and every, ahal~ be immediatety due and payable; whether w not there 6e no~~ce de ~
:nand, af~tmpt to cotlect w wit pend~ng; and ~M full amount of rach and every svch paymem ahail bear iMerest from the date lhereof until paid ~I the
o~ nine per cent~o~ per am~u~~; a~~d alt said ccsts, chargrs and er'.e~~scs ~r.curred or pa~d, together w~~h such ineerest, ihsll be secured by the lien of thi~ t
r.~ortgage.
6. Tha~ (a) in the eveN of any Fxeach of this Mwtgage or defau!t on the part of the MORTGAGOR, or (b) +n the event any of ssid sumf of money
h_rein reFe+red ~o be not pranptly a~d fully pa~d wirhin ~huty (30) days next airer ~he same sevErally become due and payable, without demand w notice,
or ~c) in ~he evem eact and every Ihe stipula~io~s, sgreements, condrtions and cuvenann of sa.d promiswry note and fh~s morlgaye any w e~ther ara not
~,,:y, prompNy and iuliy perfo~med, d.scharged, execured, effected, comp:efed, compGed ~vi~h and ab~ded Sy, then in e~the~ or any such eveM 1he ~aid ag
yr~gate sum rt+entioned in said promisswy note then remain~ng unpa~d, with interest aa~~ed, and a~l moneys secured hereby, shall betwne dva and pay-
a:;.e forthwith, or t{~ereafter, at the opt~on of se~d MORiGAGEf, as fui~y a~ compie~ety a~ if all of the sa~d sums of money were orginally st~pulated
to br pa~d on wch d~y, anything in sa;d pro:rossory nate or in this 6!ortgagr to the cont.ary notwi~hstanding; and thereupon or thereaher at ~he opt~on of
s:.:i ptORTGAGfE, v`~thout notice or demand, suit at law w in equity, thereio:e a~ the~eaher brg~n, may be prosecu~ed as if all moneys secured hereby
n_d matured pno~ to ds instrtvtion.
7. ihat in the event that at ihe beg~on,ng oi ~ a~ any ~ime oe~•.iiry ~:~y au~i ~~:.,r. i~~:> :.~~:~:yaye. ~M~=~=:_ '-s_.... g. ...f_...r~
; s•. ~~~ent o1 any daims hereunder, sa+d thORiGAG:E shalt epp~y ~o the Co~r~ hav~~;g ~unsd~u~on ihcreof for ~he sppo~ntmenf of a Reteiver, such Court shafl
^.v;th appo~nt a r~ce+~.er of said mortgayed prope~ey a:l a~d singufar, inc!„ci~ng a:i ~~~:d s~ng~lar fhe income, profits, iss~es and revenues from whafe~er
drrived, eoch ar,d every of wh:cti. i,.:~~g express'y understood. h hcreby ~r•crtgayed as ii spec~lical~y xt forth ~nd desuibed in the gr~nting snd
f_:~_.endum cla~ses hrreof, and such Receiver shail have all the broad and effective f4nc! ons and powers in anywise eNrusted by • Cou~t to a Reteiver, and
s_ch ap~oinemen~ shaU be made by such Court as an adnu~trd eq~~ty a~xl a n-.atte- cf abso~ute right to said MORTGAGEE, ~nd without refereoce to the
_.~>qvacy w inadequacy of the vaioe of the p+cper~y mortgagei or ta the sene~~cti or ;nsoivency ol said h10RiGAGOR w the defendann, and that such
,~ts prolits, incwne, issues a~d revenuei shail bt appued by such Rece~ver accocd:ng to the lien or equity of said MORTGAGEE and the prattice of such
_.rrt.
8_ To duty, promptly and ful!y perform, d~scharge, execure, e4fect, complete, comply with and abide by each artd every the stipulations, agrcements,
_.~~.d~tions and covenanrs ~n sa~d prom~ssory note and thts mwrgage set forth.
9. That in the evenf the o-rvnersh;p of the mortg~§ed premises, or any parl thereof, becomes veated in s pe~san other than the MORTGAGOR, the
:•~?2TGAGEE, i!s wcczssws ar.d assi~~s, may, w~thout nof:ce to the R10RTGAOR, dea~ w~ih wch successw w successor in ir.terest with reference to this
•~-~ga~e ar.d the debt hereby sec~red in tAe same manner as w+ih lhorfgago~ w~th~ut in any way vit~ating or d~xharging the lulortgagors' liability herr
„~:~i,•r w upon the debt hereby secured. No sale of the p~em~ses fiereby m~rtgag~d and no foibearance on the part of the MORiGAGEE w its successo?s
ass~gns and no ex~e~s~on of the rme for tbe paymem of the de6t herehy secured g~ven by the ~AORTGAGEE or its successor• or auigns, shall operate
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10. It is soec~fically agreed +hat time is oi the essence of thts contract and that no waiv~r o( any obllgation hereunder or of the obligation sr
c~•ed h~reby shal~ at any time thercaiter be I:e!d to be a waiver of the terms.hereof or of the instrumeM secured herby.
11. In add.r6o~ to the forego ~~g ~non!h!y paymcnrs o! ~~~~c pal a~d ir.se~est requlred by the promissory no!e secured hereby, mortgagor eovenaMs
~~d 3~rees to pay to mortgagee v.ah each ~:,omhly paYr~ent an ed:l,•ional wm es~ •-ated by mortgagee to be equal to 1; 12 of the annual cost of the foilow-
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A-All real property taxas tev~ed or ass^sse.i a3ai^st thc above descri5cd real estate.
I B-Pre~c~wns en iire and w~ndstorm ir.surar :e as hercin req~~red to be ca~.~ed cn thz :mproveme~ts situate on the above destribed premises.
~ C-Prem~un~s on such mortg;ge g~aranty ir.sura..te as mortgagee shail frc^~ ~ me to time deem fit to carry on the ban secured hereby.
~ 4M1ortgagee sha~l f.om time to t~me notifY morrgagar i~ writing of the an.:o~nt dve and payabte hereundrr and such svm sha11 thereupon be due and
f :'~!r an the dur ciate of ~he next month:y payment ard each successive month tncreaiter umil mortgagee shall notify mortgagor of a change in such
~ ~ount. Such sums shall be applie rtgagee toward the paymem o4 real prope~ty taxes, insurance prem;ums, a~xl mortgage guaraNy insurance
~ . c.~`~UT - / .
~ N~'Y NESS H fh s MORTGAGCR has Fwr ~to set his hard and seal the day and year~ first afore id_
l n et'wer in Fv preN ~ !
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: ; :.7 E OF FLORIDA ~ ?
SS. '
. _,_•aTY Of - Martin_ 1
Before me personaily appeared ~i.-i,~rA e 7inck s~
Francine Zinck his wiie, to me well known and krwvvn to me to be
~ndrviduala described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purpous
re n expressed. And the said Franc ine Z 111C ~C
~ Richard A. Zinck
~ :::~e of th. said oPu^ • sap~~~lAd f~/
.,-h nation by me ta4en separate and apart from her said husband, atknowledged io a~d before me that she exetufed said inslrun.cn~~t~'
~~ij~,~f~i~, r~'.
~ •~..y and w~thout any tomputsion, constralnt, appre~~, or fear of or fram her said husband. ' ~•,~/6
/ •
a~ WIiNE55 my hand and official seat this_ f~ day of 'A-~= ~ 1i '
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~ ~ Notaty PubGc in and fw the State of f~ori~a'yt pe -
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~ My Commission expires: ' ,r. ~
~ Return To: MOTARY PUBUC, STATE 6~-fLORtBA'I~kAR6'E
~ Flnt Federal Savi
~ ngs d. loan Associat~on Nll COMMISSION EXPfRE$ bC~.*. 2~; 1975
~ Of Fort P:erce. BorW~O Thru Gen. Insur. uMwr~ttrtl. Ipe.
~ fort Pierte, FloriJa
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~ ~ ~kY~r, J:OUM~Y il~• .
~ ~ : :'T~~~ ~
_ ~4 ,li ~aURT-
~ This Instrument Prepared By Gary F. Ellwood cu~
~ First Federal Savings 8~ Loan Association R fr~.:~ ti'
~ of Fort Pierce , Florida z ~pp~~
~ ~,,j ~ I~i 25 c~c~
~ Ch~cked By
~ BOOK~JU PAGE~,9~
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