HomeMy WebLinkAbout1955 To plx~ a~d contirnwuily keep on ?he buitd~nps now or hereai~~r fituats on said isnd and_on all equipmtM and ptrsaully tOve~ed by thii mort¢
with ~I) pr~mivmt thereon pa~d in (u11, fire insurance in tM ~sual s~andard poircy fum, in • tum +pp~o~wd by tM MOR(GAGEE, and wi~lwm
insw~nc~ in tM viwl stand~~d pol~cy io~m, in a svm apwoved by th~ MORTGAGEE, in svch tompany oc compa~i~s at ~M MOAiGAGEE msy ,
d"w~ttj snd alt fir~ and w~ndstam insurance PO?iti0~ anY of said buiidMps, any inlereat Ihenin o? put thereof, in tM ag~reya~~ wm afa~taid a ~
in eac~+s thereof, shall contain ~he u~val s~anciard matgsges ciaus~ or such otha~ clsu~~ u tM Mor~yaget m~y requu~, makinp tM loss under ~a~d po1F ~
ci~s, tach and ave?y, payable to ~aid MORTGAGEE at ~ts i~~erest msy ~ppea?, and each and tvery auch policy sha11 be p~omptly +ts y~~ed and delivered ~o
any held by said MORTGAGEE ~s fu~ther secu~ity ~o iaid mor~page debt, and, not leu tMn 1M (10) days in adva~c~ ot ~he •xpi~at~on of each policy, to da
livsr to sa'~ MORTGAGEE ~ renewal ~Mreof, to~ethK with • receipl for the p~emium o( such ~enewat; and ~her• ~hall b~ ra iire or winds?orm insuru+c~
pliad on any of said build~nps, any intsreat tfia~in ot par~ thereof, unle» in ~he form and w~~h ~hs loss peyabls es aioresa~d: snd ~n the event any tum
pf mon~y becomes p~yabl~ u~der wch policy a polrc;ef said MORTGAGEE ~hall have tM optan to receive and apply tl» same on +ccounl of the indebted~ ~
e4u secwed he.eby w to permit uid MORTGAGORS to receive a~d uss it a any parr ~hereof for mher pue~oses, wl~ho~t ih-rrur wai~ing c~ ~mpair- '
ieg ~~y p~iy, lien or right under or by virtw of this mo:tg~~e; ~nd in the event sa~d MORTGAGORS thall fw ~ny ~eason fail to kcep the said p~emius ao - j
insured, a fail to deliver promptly ~ny of uid policies of insu~anca to said MORiGAGEE, a iail promptly to p~y fully ~~y premium therefa or in ~ny
respect fail b perfwm, d~scha~ge, sxecute, e~fect, comptete, comply with ar?d ab~dt by thit covenartt, w any par~ hereof, said lNORTGAGEE may place a~+d
wr fa wch i~nwarKe oc any Wrt the~eof without w~ivi~ a affectinp a~y op+ian. Iten. equ~ty,-a right vnde? w by vi.tw of ~his Mortgage, ar+d 1Me
_1 _~J ~1.~
full amo~et of eacA snd ev~ry s•xh payment shatt be ~mmcawte~y aue ano payao~e erw •:~.n i,~e~ io~o~~.~ i~w,~ :~.o ...io Y...:. :c.i
nine per centum pe~ s~inu~n and ~o~elher with sucfi inte~est sAail be zecu~ed by 1he lien of this mortQage.
To pe+mit, commit or suffer no waste, impsi~ment w detcrioration oi said property or any pari thereof. .
S..To p~y all snd singular tF+e costs, charges and expenxs, includ~ng a reasonable anomey's (ee and cosfs of ~bstracts oi title, incvrrtd w paid s~
~Y ~Y t3+d N'~~4~f•AGfE, beca~,as « in ~he event of ~he fa~;u~e on 1he aart of the said MORTGAGOR to duly, prompNy and fvlty perfwm, d~uharge,
execute, effed, complete, compty w~th snd ab:de by esch a~d every the stipulat+ons, a9~eements, conditions, and covenants oi said promissorY ~~'w 1
morrgage any w ei+her, and sa:d costs, charges and ezpenses, each and •very, ~ha~l be immediately due and payahle; whether a not . tlxr• be notiu ds~
mand, atttmpt to collect w suit pend~ng; and ~ht full arrwunt of each end e~ery such payrtKnt shall bea• interest from tht date thereof unlil p~id tl the :
rate o* nine pet centum pa~ annum; a~xi all said costs, chargc~ and expenses inc~rred ar paid, together wi~h suth interest, shal) be secured by the lieo of this
mortg~ge.
6. That (a) in the even~ of any breach of tFis Mwtgage w deiault on the pa.t of the MORTGAGOR, a(b) in the event ~ny of ssid :ums of moeey
herein referred to be not promptly and fuiiy paid within thirty (30) days next airer the same severally. betort~e dve and payable. without dem~nd a rtutite,
a i~) N? ~ha e~tnt ~ath anJ every the stipui~tions, agreements, conditio~,s and covenants of said pramissory note and th3s matpage any p either a~~ no1
~uly, promptly and fully perfwmed, d:uharged, exauted, eifected, canptated, compiied wi~h and ab~ded by, then in either a~ any such eveM the said sg
gregate wm mentioned in sa'~d promissory note then remaining unpaid, with interest accrued, and aIl mo~eys ucured hereby, sha11 becoms due and pay-
abis fw~hwith, w thereaftcr, at the oprion of wid MORTGAGEE, as fully and completely as if all of the sa~d aums of mooay were wginally supulated
to be pa~d a+ such day, anything in sa~d pro,n~ssory ~ote w in thii Mwtgage to the contrary notwithstanding; snd thereupon w thereafter at ths oplion of
taid MORiGAGEE, without not~ce or demand, ~uit at la~v ot in equ~ty, therefo~e or therea(ter begun,. may be prosecuted ss if all rtwneys securnd heraby
had m+twed pn« to its irariwtio~.
7. That in Ihe event that at the beginn~ng ot or at any t~me pertdmg any su~t upon mis ivio~*gage, or io iwecivse ii, w iv ~n:wa~ ii, oc i3 a:~
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paymenf of any claims hcreunder, said MORTGAGEE sFull appty to the Court havir.g ~urisd:ceion thereof fw the appointmeol of ~ Receiver, suth Co~ut shall
Forthwirh appoint a receiver of seid mortgaged p~oQerty a~l a~d sirtgvla~, inclvd:ng ali and s~ngular the income, pro(its, bsues ~nd revenues frpm whatevq
wurce derived, each arxl every o~ wh:ch, it be~nq etpressly u~erstood, is hereby mcrig~ged ai if speuficatly set fath and desu~bed i~ the grantinp aed
hahendum dauses hereof, and s~ch Rcceiver shall have aIl the broad and eFiect~ve funcf~ons and powcrs in anywise eNrusted by • Cwrl to a Receiver, and
tuch appointment shall be made by such Court as an admitted eq~ity an~1 a ma+te~ of absolute :ight 1o said MORiGAGEE; ~nd without reference to the ~
sdequacy or +nadequacy of the value of the property mortgaged or io the so+vrncy or ~nsoivency of said MOR~GAGOR a tF+e defendants, and that such ~
renes, profits, incorne, issues and revenues shall be appiied by such Receiver Sc~wip, ~_~~he tien w equiry of said MORTGAGEE and the practice of suth ;
CouA. ~
8. To duly, pranptty and fully perfoam, discharge, execute, effect, complete, comply with and abide by each and every the stipvlations, ~greeme~ts,
cwditbro and covenants in said prom~ssory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged pren~ises, or any part thereof, becomes vested in a peraon other than the NIORTGAGOR, ths~
MORTGAGEE, its succeucrs and ass~gns, may, withou! r.o~ice to the MORiGAOR, deal wi~h such successor p sutcessw in interest with referente fo this
mortgage and the d=bt hereby secured 'en rne same manner as w~th htio~tgago* witAout in any way vitiating or diuha~ging the Mor?gagori liability FKre
under w upon fhe d:bt he~eby secured. No safe of ff,e Frenuses he~eby mortgayed ar.d no forbearance on the pa~t of the MORTGAGEE w its successora
w assigns and no extensio~ of the timr 4or tfie payment uf the deb+ hereby secured given by the MORTGAGEE or its succeuors w au~gns, slul) operat~
(0 fC!td5l, tl~SChdf9e, mOd+ty Cnan9e o~ attetl ltie or~g~nai iiac~iity ot Ii~e MVniv:~vvn iNe~r~~y niiue~ iu w~w:2 ui Neii.
10. It is spec~fkalty agreed that time ~s of the essence of this contract and that no waiver of any obligatan here~nder w of the obliyatan fa-
cured hereby sha!I at any time tiureaiser be held to M: a waiver of tfie terms htreof or of the instrwneM sec~red herby.
11. In add~~:o~ ro the forege:~•g mo~th!y paymenn of prir.c ual and inte~est required 6y the promissory note secwed hereby, mwtgagar eovenants
and agrees to pay ro mortgagee ~~th each mon!h!y pa,.^ent an add~rior.ai sum estimated by mortgagee fo kx equal to 1~12 of the annual cost of the follow-
i~:
A-All real prope+ty taxes levied w assrssed aga+•ut th: above dexribed real estate. ~ ~
i B-Premiums on fi~e ar.d w~r.dsto:m insurarce as here~n requ:red to be carried on the improvements sityate on the above desuibed premises.
C-Premiums on such mortg:r~e guaranty inswar,ce as mortgagee shall frort: t~me ro time deem fit to prry on th~ ban secured hereby.
JlRortgagec sha!I from t~me tvtime not+fy mortgagor ~n writ~ng of the amount due and payable hereurder and suth wm shall thereupon be due and
payable on the due date of the next monthly payment and each successive moNh thereaiter uctil mortgagee shall notify mortgagor of s change in such
anwunt. $~ch s~ms shall be appiied by mc+tgagee roward the pay~nent of real property taxes, imurance pre :ums, and morigage gua~anty insurance
premiums. ~ #
IN WITNESS WHEREOf, ih_ id MORTGAGOR has hereunto set his hand and seal the day a irst ~foress~ ~
Sg , Seale r3d del' er .in the prese e ot: 3
an
@Z a~
n
,
- - . •o
STATE OF FLORIDA ~
St. Lucie
couNn oF •
Befpe me peno~ally appeared ~l111@L ~IIg[ld@Z snd
s10~tla ~1~Ild@Z his wiie, to me well known and known to me to bs
the individuais described in and who executed +he foregang insirument, and ackrawledged before me that they exewted the same for the p~rrposes
rherein expressed. And the said Bloina MQn~ndez
wife of the uid ~1nv@l ~'~@A~I1dQZ upon a separate a~d private
examinar~on by me taken separate and apart from her said husband, xknowledged ro and before me that she executed said instrument fraely and volun-
tarily and w~thovt any compulsion, constraint, spprehensio , ot fesr of or from her said busband.
WITNESS my hsnd and officul s~al this__ da ~C ~ r M 19 74
.
Notsry P~61ic in u~d for t Stafe lorida a y~
" My Comm~ssion expires:
R~t~,~ ~o: _ ~a-
f'ust Federal Savings 3 loan Association
oF Fo., P~.:«P. / ~EO AN9 fIECQIID~~ ~t
Fo~t Pierce. Flor~da S~,LUGIE GOItMTY / ~ ~ :
AO4[r AaiTR~~ , ~z`
ClEqlt Cls~Wt COUIIT , r
P,FCORD YfR'FIED ~.,;~~f~~~ , ~
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This Instrument Prepared By wfilia?s J. Irosb ~1 ' ~a I,
First Federa) •Savings•~ loan Association ~ ~ S9 ~ - ~-i-~;~~''"`';'~",-K'~~.='"
of Fort Pierce Rlos ida 33450 : = ~ -
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