HomeMy WebLinkAbout1957 To placa and contiewroe~a~Y keeP c^ tM bui!dinps ~owt w h~~eaite~ ~ituafe on sa~d land and on ali equipment and personally covHed by thii matp-
p~ wt~h aU premiums thi*em P+~d fv~6 "'s"'~"~° uiual a~snderd po~Ky form, In ~ s~m approved by tM MORtGAGEE, •nd w~ndsto~m ~ :
nawar~u in th~ ~~u.~l srarda~d po~~cy form, in a sum app~oved by ~he MORiGAGEE. in such comp+ny o~ comp+nies ~s the MORTGAGEE may ~ J
~a
d"irrcf: ~nd ali fi?~ and w~tixm iruwanc~ poiicies on any of ~aid buiW~n~s. any intero~t the~ein or parf therwf. i~ tM ayqre9at~ sum ~fa~said w
in sxceu 1he~eof, s.RaU con~ain ~he usu+l sea„da+d mongage+ clav~e a such o~he~ c~ause as the Mwt9aye~ may requu~. ma?irg ths lo~s undK sa~ po1i~ .
..a ~
~;p„ s~F~ ~d eve~y. parab:e w said MORTGAGEE as its imere:t may eppear, and esch and every s~cl+ po!icy ~halt be promp~~y ass.gned and delivered ?o ~
~ny held bp sa;d MpRiGAGEE ~s funher se:urity to uid mo~t9a9e debt. ~nd. 001 leu thao I~n l10) days in advance of fhe expiration of each policy. to d~- • *
liv~r to W+d MORiGAGEE a reaewal fhercof, toqetha w~th a rece~pt fw ~M prem~um of such ~enewal; and there shall bt no fue or windstam insur~nc~
d~yd ~~y ~ y~~ ~i{~;n~, ~ny inta~e~t thtran pr pa~~ tht~cof, ~nles: in the (orm and with Iia loss paYab~e as ata~said; uid in Iha weM any ium ;
~y pccomq p~yable ~,nder s„ch po~icy w policies uid MORTGAGEE ?hall Mvs ~f?~ opta++ to rcceive and +pply fhs swne oe accoum oi the indebted- .
ness xcwd he~ebp p a pcrmit said MORTGAGORS to reteive and use if a a~y part thereof ior o~he? puiposes. w~~Fwut th:«o~ waiv~.~g or ~n,pair- • tif? 4
;np u,r equ;q. I;e~ or riqM uoder w by virtw of thii mor.y~ge; and in ~M event u~d MORTGAGORS shall for a~y ~eason fail to keep fhe satd p?emises w ~
Muwed, a fail a delive~ p~omptfY +nY oi w~d poiKies of iniura~+c~ to taid MORTGAGEE, o~ fail promptly to pay fulty any prem~um thaefor o~ in a~y . ;
nspect (ait w prfwer~ d:xMige, e:ecvte, ef}ecf, compkts, complY wi?h and +bide by th~s covenam, o~ any part hareof, ssid MORTGAGEE m~y p~ac~ and t
~ a......~ ...:d.e.e ~...i~,o or .ffecfinn anv oo~ion. lien, eq~+~W. or r~gM unde. a by vi.tue oE ~his Morr9a9~. and ~he 1
r=. _ . . -
fvll an,pw+t pl eacA y+d e.~ry utih payment ahall !se if.uncdi~tely due and paYable and shall bear intereft trom ti~e as~e ~iNS~w+~ No:u
n~r~e p~y ce~turn per arrwm and to~ether with such inre~rst ~hali lx sec~red by 1he lien pf Ihi~ morlgsge.
L To permit, wmrt4t a wffa oo waate, impa~rn+ent o~ deter~oration of sa~d properry w anY paA 11?creof•
To ay xw! sing,dar th~ cosn„ cha~gea a~d expenses, including a rcasonable atiomey i fee and costs of abstracts of titl~, incwred w pa~d at
any tw~r b~, sa,d A?x;RTVAtarE, beCausa a in the evr~it af the ia;:~:c an tha ~:t ef f!ee said MC~RTGAGOR to dulv. Ptomptly a~d fvlly perforrr4 diuharg~, ~
e:ecvts. effect, canp{ete, ca.+pFy w~th and ab'.de by each and evcry the stipulat~ons. agreements. condilions, and covenanrs of wid p~omissory note and ihii
~~9~ y~y a ~;eha. and sa~d costs, chsrges and expenses, each and every, shall be immedia~eiy dve and payable: whether w not M~e« be not~ce da ~
n~nd, atte,npt b co;iect er w;t pend~ng; and the full amouM oi each a~d e+ery such payma+t shall beu interesl f~om the daf~ thereof until paid at the
rate oi nir+e tt~ cent~m ~r annw~n; and a~l said costs, charges and ex,xnses incurred o~ paid, together w~th such interest; shatl be secu~ed by the lie~ oi this
~~+9~- -
b. Tl+at (s) in the event of sny breach of this Mo~~ga9e w defauit a~ the pa.t of the MORTGAGQR, w(b) in the event any of said tums of mo~sy ~
I+erein rcfured to Ix oo~ F~omp:ly and fv{Iy paed wiihin thuty (301 days next atee~ the same sevaatly become dua snd paYabk. wilhoul d~mand a notice. ~
or W in the ere~t each and eve~Y ~FK stipulareons, agraements. cortd~tions and covenanta ol sa;d promiuory i+ote and thq mortya9e any w ei~hlr ar~ ~01
~uly, prornptly a.~d iulty pcrfamed, d.scharged, execu~ed, eifected. canpleted, complied w~th and ab~ded by, then in either w any such ereM the said .s~
~~t+ ~ m~n~;or,ed ;n ya;d promiuwy note then remaining unpaid, with imerest accrued, and all moneYS secured hereby, shall become dw and pay~ ~
ab~ fortl~w+~h, or tFflfN~tN, a~ the opr'wn of sa~d MORiGAGEE, as fu1ly and comp~eeely as if all of the said sums of money were orgin+lly st~pulated
to be qa;d p~ such d~;y, ariyihirg in sa.d prom~ssory note or in this Mortgage to 1!u contrary notwithstand~ng; and thereupo~ w thereafter tl the option of t
said MORTGAfiEE, w~t4wut nw~te o+ demand, su~t et law ar in equity, lherefore. w thereaiter begun, may be prosecuted u if all moneys setured hereby ~
nad mefvred pr~or to ~s3 ::si
:u:iai. .
7. ihst in the event rAa~ at the beginn~ng of or at any time pend~ng any suit upon this Hbrtg~ge, or to toretloae it. or to roTwm it, or fio eniw~a
paym~nt o! any c'a:ms hrfrund~r, sa~d 1AORTGAvEE shaSl appty to the Court havirtg jurisd~ction thereof for ~he appantmenl of a Receive~, such Cowt sF?alt ;
Fwrhv.;Th aFpant a rece~~er of sr~d me:tg~ed p~opr+~Y a!1 and singufar, +r.ct~,d ng a11 and singutu the ~ncome. proflts, issues and revanues from whatever +
s„wrce derived, exfi and r+ery of :rt~.c!~. it being ?xpressly underssuod, ~s he~euy mortgaged as ii speufically set forth and deuribed in the g~antiny and ~
hab~ndum ~iwKS hereof, ud sv:h R!~criver shall Fwie all fhe broad and rffective funu.ons a~d powera in a~ywiss entruated by + Cou?t to a Receivsr, and
s~xfi appar~tment s'fia~i be r.:ade by svch Covrt as an adrnitted equity and a mattcr of rbsolute tight to said MORTGAGEE, and witlwul referente to the
adeqvacy p in~dzquacy af ~he Ya:ue of the p~operty mertgaged or fo the savency or ;rsolvency of ~aid MORTGAGOR w the de(endaMS, snd Ihat such
ronts, p~ofits, incane, issues a++d reve++ues ~ha1~ b~ appi~ed by such Receiver accord~ng fo the lie~ a equity of sa~d MORTGAGEE and the pradice of such
Gourt.
8. To duty, promp?:y snd futly ~xrform, dixharge, exec~te, e{fect, comptete, comply wr~th and abirle by each a~d every the stipvlatans, sgreemer?ts,
cord~isions and covrr?arus ~n sard prom~ssory note and thia mor~gage set forth.
9. Tt+at in the evzM :he owntnhip of the martgaged pren;ises, or any part thcreof, becomes vested in a perwn other thsn the MORTGAGOR, tha
IYIpRTGAGEE, i*s successors ard au~gns, may, wieFw~r not:ce to the MORTGA~R, deal wirh such svcceua or svccessw in interest with reference to this
n-.octyage and the dtb~ hereby securtd in the same mar~ner as w~th Nlurtgagor without in any way vitiating ot dixharging the Mwtgagors' lisbility FKre-
~ndey pr ~pon tl~e deb~ !~e~cby s`e~cured. No sa:e of the prem~ses hereby mortgaged and no fwbeara~+ce on the part oi the /AORTGAGEE w its successon
..,,1 PitMS~Of\ Of ~lR TH11C for ti?e aar~*+~+~ of the deb~ hereby secured given by tFx MORTGAGEE o. its succeuai w auigns, shall operate
to rekase, d~xharge, modify cfiar-ge o~ afted the ~ig~rw~ lian~l~ty of the MORTGAGOR herein, erther ~n who~e or in part. ~
l0. It is speuf:cali~ agreed that lime is of she essence of this contract and that no waiver of any oblgation hereunder w of the oblig+Ywn se-
pued hereby sha!i at an~ ti~rz rhereafte+ be heid lo be a waive~ of the terms hereal or oi the instrument secured herby.
I1. In a;id to rhe iaego:ng n:oneh'v payrr.enn of princ pal and inter_=s± requ~red by the p?om~ssory rrore secured hereby, mo+tgagor tovenants i
and agrtes to pay ro mcr+g=aee M~*h each mor.th[y ~y~.ient an add:+io~al sum es:~~~ate~ by mortgagee ~o be equal to 1/12 of the annual cost of the follow-
~9=
A-A}I real prope.t~ taxes ievird or assessrd agai•~s1 the above descri~ed rval estate. _
I~ g-p:::r..~r.x en f:re and vr~ndsto:m inw+3r.ce as herein requ~red to be carried en the improvemerts sit~ate on the above desuibed premises.
C-Pre•-~~:~•s o.~ sw_h rrortgege g~arantv +rsusar,ce as mortgagee shall from t'me to time deem fit ro 'carry on the (oan setwed he~eby.
N6wtqagee s~a=' '.~om r~rre to t~rr~e .wr~fy mortyagor in writ~rg of the arnoum d~e and payable hereunder a?d swh sum shall thereupon be dve and
payab!e on thr due oare of ~he next ~.:cn1F'/ payment and each successive month thereafter urtil mwtgagee shall notify mortgagor of a change in such
=,}p„~t_ ~t, S,xn~s y~a:l ye appiied 'ey mortga3~e to+iva~d the paymeM of reat p~operty taxes, insurance prem.ums, and mortgage guaronty insurance
Pre^'`,nr.s-
IY \YIi~lESS Y:MfR~OF, the sa~d I~RORiGAC,OR has hereunto set his ha~d and seal the day and year fint ~ ssid.
Signed, Seakd ard deiivered in the presence of: - - r~
an
_ . . aris m ~ . ~n-
-
s0
- y . 1 n
STA1E Of FLORSDA )
St. Lu~cie ~
cour,rnr oF
eeforc me pe~~o~ai'ry appes~ed W Pha11S ~lth ~~d ~
~~Zy C. St~lttl his wife, to me wef) known and known to me to be i
the ind;v;duas dew;bed in a~ who exec~ted she foregoing instrumerd, and acknowledged before me that they exec~ted the same tor the purposes ~
rtK.~~. ~,~.~„~a_ a~a rn~ saed Marv C Suith !
~f~ _ W• Phar is Smith vpon + xp.~ete .~a priv.~•
e=am:naKon by me taiceo xparate u~d aar • from her ssid husband, adcnowledged to snd before me that ihe e:ecuted said. instrumeN .fraelr and volun- j
ranly and w~sf+out sryr ca*~puhion, corutra:-r. ~ppre .o++, a feu of or from her said Fwsband. : .
1tif7~vf55 my hand and offic~al seal th~s__ ~ day of ~CeIDb6r - ;.~~?'INllbf/j~~p;`1 +o ?4
` j .L n r ~ ~I~I
.•~i /
Nota'ry Publ'~c in snd ior ~ ~t ~pr :C ~
My Commiuion expires: : t : p~~~/ ` ~ ~ . •
~
RlhfM TO: r r Y..-.
- = -~,:~-vei~~zj ~ z
first Fede.a~ sr.~ng: a loan associa,~on ~ _
~ i~•
Gf cort F.erce. ~E{{V
yD . • ~
Eo ~~i~ ~ :~,•i ON e,~,
Fo+~ P:erce. fbr~da ?jG1~ ~9~
~~~a~. ~ ~o~ c~?1Ri 'd :i~-~ ~
u11 ` ~ .
6lEF~ ~~.t~E~~ ;.`=~-~J:-,
pfC.1S~~,V~ Q~~~~~ 3~'n~.'tn•~n~~~~.~
This Instrument Prepared By GAty F. Ellwood ~ 1p
First Federal Savings b loan Association ~0 9~i~ ~
Fort Pierce s R lor ida
ch~~ 29~443
BOUK~•V's PAGE1~~
, s~ .
, + ,
_ - -
. - - - -
. ~
~ _
. - _ .