HomeMy WebLinkAbout1925 3. To plac• and con~in~ou~ly k.+p ~h. a+~ldinps now or he~••fi.. w~wu a? uW la~u! n+d on all sqvipo*am and p~r»n.Ity cov..sd by ~his maro- ~
ap~, witA ~11 pr~miums tl~eon p+~d in fv16 fir~ in~unnu in ?M uswl iundard policy fpm. in a wm ~ppro~~d by tFa MORiGAGEE, and windsrorm ~
~~~p ~y~ ~;q {a~, ~um ~pprov~d by tM MORTGAGEE. in wch company w compani~t at ~M MORTGAGEE may ' ~
dinctt and ~it f~~ and wind~arm irqur~na polkiM on u?y of ~aid builda+ps, ~ny int~r~st tMr~in ot part lhereof. i~ tl» app~pa~~ sum aiwe~~id a
in ~xass thKwl, shall oontal~ tM vw+1 atandard rts~tga~ c?auu or ~uch o~her clwN ~s ~M Mortq~ !~ay rpuKa m+kir~Q rh~ lass ~ndK sa~d po1F ~
cia, eich ~nd svary. psYabla to ~s~d MORTGAGEE a iri iMerqt m~y appear. and each and ~w?Y s~ch policY shail be prompfly as~:~ned and detivered ro ~ t
any MW by satd ARORTGAGEE u fwtha Ncwity ro iaid ma~y+y~ debt. ~~d. no+ t~ss than ten 1101 d+ri u'? adv~~x~ ot ~h~ ~xpir~tton of each pol~cy. to de-
tiv~u /o said N10RiGAGEE ? r~newal ttw.wf, top~~ha with ~ replpt ta tM pr~miw~n of wch r~nrwalJ ti»n sF+all b~ no f'us ~ winds~am i~surance
plaad on ~ny o( said bvildinps. ~+y in~aat ther+in w p~rt tlurwf, unlys In ~he fwm ~nd wi~h /M loss p~yable ?s ~fw~iaW~ s++d in the w~n~ ~ny wm
e,f money b~canNS payabl~ ~nJK wth policy or polici~a said MORTGI?GEE ~hal! Mw th~ option ro receiv~ ~nd apply fM sara on +ccamt o~ ~M indsbted-
n~ss setvrcd Mt~r a a ptrmit said MORTGAGORS to ~~ttiw ~nd uN 11 a~ny part therwf tor oshe~ purpotie~, wilhoul Ihareb~ waivi~~ ot unpair-
inp ~nY pviy, lien w rghl ut~dt~ or by virtw of this motty~J ~nd in tM ~weN a~id MORTGAGORS thail for any r~awn fail to keep Ihe aid p~~misas w
inwred, or fail W d~liva p~anptly ~ny of said policie~ of i~swanu to a~id MORiGAGEE, a tail promp~ly ro pay futty ~ny premium rhe~efw w&? any .
respsct fail ro pMtam, dixFwvpe. ~xewte, ~if~ct. complet~, aomply with and ~bid~ by Mus covenant, a~ny p+rt hereof, said MORiGAGEE m+y pl~ce ~nd
paY fw wch Inwranc~ o~ any paA thereof without wahrinp or aff~tt6g ~ny opYwn, (Nn, eqvity, w riyht unds~ a by ~rirtiw of thit Mat~a~, ~~d the
full a~~aw+t of eath and ~very wd~ p+Ymsnt sh~ll b~ inunediatdy dw i~d payabis ~nd shall be+? infsrssl irom tM dat~ thsraof v~~il paid N tM ra~e oi
niM pa oe~tum pK anrwn+ ud roge~he~ with wch i~terost sF»II be securod by tM lise~ of this morty~.
I. To p~rmit, oommlt w wffK no wut~, impa~mer?1 a deterioration of said p?opsrty w any p~rt 1M+wf.
S. To pay ~II and airpNlar tM coan. t~?upes +nd expaaes. includh~Q a?sasonabk atton+ey's fe~ md cosn o( abstrac~a af title. incuned w paW at
any rims by ~aid MORTGAGfE, baa„se a in fi+~ ~wn~ of rhe faiiwe on th. p~.r,of tF+~ ud MORTGAGCNt ~o auly, p.omp~ly snd fully p~rfam, disch.rya
exacvt~. efftct. canpi~~e, comply with a~+d ~b~de by ~ad~ and ~w~Y fhe stip~latiora, ~p~e~mems. conditior». and oown~~b o( s~id promissory note and ~his
mtxtpay~ am o~ ei~ha. and said costs. ciw9ss and fxpaaes. exh ~nd wery, sMil b~ irnenediattty due and payabk: whe~he? or not ther~ l» notiu da
msnd, attempt to colkd w wit pen~np; a~d ~M full" acnow?t of ~ch and s~stry svch paymeM thall b~ar, inMr~tt fran the daro thereof until paid a1 th~
rate oE nins pe~ centum pa ~rwwmj and all s~id oost~, d+~rpts and expenssa incvrred w p~id, toyelhsr with svch intaast, sf~tl bs;~cursd by ~he lien of thu
matp+p~• '
6. Thst in tM ~vem of any breach of thts Mortyap~ or detault on ths ps.t of th~ MORTGAGOR, w(b) tn tM ~vent arry of s~id wlea of moaey
herdn ref~rred ro b~ rat pron+ptly and folfy p~id w~thin thirty (30I days ~+ext aher the sa~ne. tewr~tty becar» due +nd payabls. witla~t dQm+nd o~ notrc~,
or W&~ the ~wnt each and ewry the stip~rlstioru~, sprean~nts, caxli~iau and cgv~a~nts of sa~d prom~ssory note and thw mortpa~ any or airher an r?oa .
~uly. promptFy a~d f~l:y perfor~ned, dis~rped, exewted. ~ffec~ed, compkted, compl~ed with ~nd ~bided ~iy. t}~an in eithe~ or ~Mr such ewnt ~M said ag
~re9st~ wm m~++tioned tn said pra+?iu«y note then rems;nirg ur~paid, with inrerest ~ccrwd, u+d stt moeeya secu~ad Mreby. sMll becwne dw and pay~
able forthwitA, or thxeahp. ~t the optan of said 1NORTGAGEE. as fully snd compktely +s if ~11 of ~he said wms of money were oriyinally stipukted
to b~ paid on wch day, arqrthinq in said promisswY ~+of~ or'h? this Morty+9s to the contruy notwitFutandw+g: and ~herevpon os thereafter at tM optiw~ of
said MORTGAGEE, without notice w dan~nd. wit st law or in squiq. thereFwe or thersafier bepun, may b~ prosecuted as if ~lt monays s~ar~d heraby
Md mat~red priot fo ib iratitutan. .
7. That in fhe event tha~ ~t the beyinnii+q of or at sny time pe~ng any suit upoe~ th;s Mortg~ge, w fo foreclok h, or fo refwm it, a ro e~?forc~
paymsnt of any claims herev~der, s~id N10RTGAGEE shall apply ro tMe Court Mvi~g jwisdiction the~eof fa the ~ppointment of a Receivsr, such Court shatl
forthwith appo~nt s ~ec~iwr of said mortyaged prope?ty all and sinpular, incl~d~np all and sinpulu tFw incona, p?ofits, issues and revenves from wl?atever
sovrce darived, each u~d avery of which, i~ beirsp ~xpressly u+~derstood. is hereby mwtg»ged as if tp~cifically set forth and dasuibd in the pranriny ar+d
hebendum clavses fie~eof, and wch Recciver shall fwve alt th~ brwd and effective fu~ct~w+s and powers in anywise entrusted by ~ Court to a Receiver, and
:uch appointmeM sh+ll be made by wch_Court u an admined eqvity s~d a m+tter of absolute rigM to said MORTGAGEE, and without reference to the
adequaey a insdequacy of the valw of ths property mw~y~ed or to the aotvency or ~~sotvency of said MORTGAGOR or tF+e defendants, and tha~ such
ranta, profits, income, issues +nd revenues shall b~ spplied by wch Receiver accordirq to the I~en o? equity of said Mt)RTGAGEE and the prsctias of wch
Court.
S. To duly, promptly and fvlly perfwm, dischsrge, exccvte, effect, compkte, comply with and abide by each.a~d avery the itipulatians, agreements,
cond'~taro and cova+u+ts a+ ssid promissory note and this mortgaga set fwth.
9. Th~t i~ the event rhe ownersh~p of rhe mortya~ed prem~xs. « any pa.t ~hereof, becomes vested in ~ person aF+er than ihe IMORTGAGOR, rM
M.ORTGAGEE, ib sucussors and assigns, may, withovt ~otice to the MORTGAOR, deal with svch successor or wuessor in interest with reference to this
mo.tgage and the debf hercby uwred in thrsame manner +s with Mortgagor w~t}wut in ~ny wsy +ritutu?g a d~sch+rgirg the Mort9sgon• •liabjliry he.r
under or upon the debt hereby secured. No ssle oi the premises l+ereby mortgs~~d and no fwbeara~ on t3w pa~t of tFr MORTGAGfE a its successws
o. suigns and no exterssion of the time fp fl+d payment of the debt hereby secured giwn by the MORTGAGEE or in successors or auipns, shsll operate
to releue, diuhar~e, modify chanQe or affect the o~iginaf liabiliry of the MQRTGAGOR hxein, tither in wF?ale or in puf.
10. It is specifics{ly sgreed tl+at Ywne is of the easence of thb cor?tr~ct a~ tMt no w+ivM of any obligation herevnder or of ehe obliysYan se-
cvred hereby shall s~ any time thercafter ba held ro bs a waiver of ~he terms hereof or oi ths k?strumertt secwed herby.
I1. In add~tion to tf~e fwego:~g monthiy payments of princ:pal and interest required by the prom~ssory note searcd hereby, mortgagw tovenaMs
and agrees to pay to mongagee with e+ch monthly payment sn add~tionsl svm essemated by mortgagee to be eqval to i/12 of tF.z snnual cost of the foilow-
irx3:
A-All real property taxes kvied or suessed against the above described resl estate.
B-Premiums on fire a~d windstorm insurance as herein requ~red to be carried on the improvements sitvate on tF~e sbove desuibed premises_
C-Prem~ums on such mwtgaga gwronty insurar.u as mwtgagee shall from t~rm to time deem fit to csrry on the loan secured hereby.
Mprtgagee shall from time to teme notify mortgagor in writing of the artwunt dve and payable haeunder and such wm shaU thercupon be d~e and
~ payabk on t!+e due date of the ne:t monthty payment and each succeuive month thereafter ur,til mwtqagee shall notify mortgegor of s change in such .
S amount. Such sums shall be apolied by mortgagce tovrard the payment of real property taxes, iroursnce prem.ums, snd mortgage guaranry insunnce
~ premiumt. • -
~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand snd sea{ the and r' t' esa . _
Sigrnd, Staled and delirered in the presence of:
~ ~1
~i.,.s.•.[~ . . : ~
~ ~ • ~ -
~ " 't . ...._.._(Se+~
~~,»:ntt~~~ry~~=~
STATE Of LORIDA b~~1h~ =~i s: -
.',~r Ji~`_ :
courm of Indien River : 2. s~
Q,~ , d.~~
eeto.e ~ ~+~uy :~~.~a C CNRAD S1~IITH ~ s in le adult ~ : -~t . , • ~
. -
- . ~
. HK-,~1rQ roN,+e~,.Ssn . - ro b.
ths ir~r'~dualy destribed in and who execvted the forepoirg instrument, ard sdu~owledped befon me tfisl tbtr~r-e=ed4 'ti~e ~ Pu~P~s
therein expressed. /w~M~_ ~-~~.~~~~~..~~-~-~~~-~-~-~~~~..~~..~~~~~~....~.0~..~i ' f~~~..~
~ • • :r;.~. - _ps,r--~ ,
wile~f•N~rs~id~~~..~~~..__~~~~~~~~__~~~~_~~_~_..~~..~~~~~_~_~~__.._ ~ - • ,
and pe~va~a~
- wc~in~t+r? ir.~s~ak~s+~P+wt~ ~n~ ?pM ir~rn. i~en wi~ ~i?rs~awd? ~d~r~ni~~er ~aw~ ireiow~w ~~/MX~t~i;~! ~wd~+~w?'
-isrMy~an~wMtieuran~tampoMot'tonltrdiea.~aPPr ~Or'f~rof~heilll~?l17~Itl'4~0l~/!1~ • ~~~,~~1 n
WITNE55 my hand and offic;~l seal tF~ day of November - A. D. 19~
~
~ ary Public in snd for State of Florida at Larpe
Y ~ ~5. ~0~~
Retwn Ta.
fint Federal Ssvinys d. loan Assoti+tion
Of Fort Pierte.
f~t P;K~. F,a~ F~LED ati* REC4Aa~0
ST. tUCIE ~QONTY ~L~,
~ aoc~F ~a:R~s
c~Eax c~~cv~t couRr
RECORD vERlfiE~~...,,.~,~"
This Instrument Prepared ey R iChBI'd V. HopA
First Federal Savings d~ ~oan ~~~rida 33450 ~ 13 3 su PM
of fort Pierce s
ct,~x~ BY 295226
~ BQRK~ ~19~ ,
~ ~ , , ' p ~M _
- - w~-~ •°aF- ~
~
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