HomeMy WebLinkAbout2045 3. To p~ac~ a~+J con~i~uously kesp on ~he bui'd~ngs now or herea~te~ ~ituate on ~a~d Isnd and on ali cquipment a~d personalty covsred by thii mat~
sgs, with all prerniums thereon paid in fult, fus insurenca in the u~vat ~undard ~.olicy form, in a sum approved by the MORiGAGEE, and windstwm
~nsur~nc~ in fM usual •~sndard pol~cy fam, in ~ sum app~oved by ihs MORTGAGfE, in such company w ta*~p~~~es +s ths MORTGAGEE may
d~rec~; and aU (iis and wlndstorm insuronce poUcir~ on ~ny of said build~ngs, ~ny in~eresl tF+ereio or pa~t Ihereof, in th~ eg9rc9a~e tum afaesa7d o~ ~
in exces~ Ihereof, ihall con?ain ~hs wual uandard mort9agee d+ust or suth o~her.c~suse ~s tM Mwty+gee may requ~re, ma?inp U~s loss undc+ sa~d po1E ~
ues, e~ch and every, payab'e to said MORTGAGEE as ~ts in~erest may appear, and each and every wch pol:cy shall be promptly +is gned and deGvered ro ~
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eny held by ~aid MORiGAGEE as further secu~~ty to ~a~d mor~page debt, and, no? teu than ten (10) dsy~ in advance oi the expiration o1 cach pol~cy, to da- '
I~•rer to uid MORTGAGEE a renewal the~eof, toqether with a rece~pt iw the premtLm o( such renewal; ar.d thers shall bs no f~re o? winds~orm insuranc~ ?'r'~ '
placcd on any of said buildings, any inlero~t thxreln or psrl thereof, unlcss in ~he form and with Ihs loss payabte as a(wesaid; snd in the evenl any sum j
of nwn~y becomes p~yable undcr sucF~ poliq a polkies taid MORTGAGEE shall have the optw~ 1o receive and spply ths same on +ccoum of Ihe indebted~ ;
nesa aecured hereby or to permi~ sa~d MORTGAGORS ro receive and use it or any part th•~eoi for other purposes, w~~hout thrrti,,r warv~n~ or ~~npair- i
~~g any equity, lien w ri9ht under w by virtue o1 th~t mor!yage; snd i~ ths evenr u:d MO~TGAGORS shall (or any reawn fail to keep the sa~d prem~sei so .
:nau.ed, w fail to deliver promptly any of said polKie~ oi insurance to said MORiGAGEE, w Fail promptly to pay fully any premiu~r therefw or in a~Y
respect fait to perform, discharge, eYecute, e(fcct, comple?e, comply wi~h and ab~de by this covenant, w any part hereof, iaid MORTGAGEE may pl~ce and _
pay (or such insurancs or any part thercof withoul waivinq or a(fecling any option, lien, eq~ity. or right under a by virtue oF ~his Mor~gage, and the t.w
f~:l amwrnt of eath end e.•ery u,ch payment shall be immed~ately dve and payable and sholl bear intere~t from the dats thereof until paid st the r~te of
:,~r:e prr cent~m per ar.num and togethrr with wch inte~est shall te secured by the lien of thi~ mortgage. ''Z
4. To permil, commit w suffer no waste, impairment or detrr~orotio~ of said propc~ty w any part thereof.
S. To pay all a++d singular the costs, chsrges ~nd expenxs, including a reasonabk anwney's fee and costs of abstrscrs of title, incurred w paid at ,
eny time by sa7d MORTGAGfE, because or in ~Fx event of the ia~lure on the part of the said MQRTGAGOR to duly, promprty snd futly pe~form, d~uharge,
execute, effed, complete, comply with and ab:de by eech and every the stiputat~ons, agreemenh, conditions, and covenants of said promi:wry note and thi~
mortga9e any or eitha, and ss:d cost:, cMrges artd exFenses, each and every, shall be immed~ately due and payable; whelher a not there be notice Je~
mand, attempt to coUect or sui~ per,d,ng; and the full amount of each and eYery wch payment shali bea. interest from the date thereof u~til paid ~I the
.ate oF nine per centum F.er an~~„m; and ail said wsts, chargea and ex;,enses ~ncu~red w paid, togelher w~th such interest, iMll be sec~rad by the lien of this
mertgafle.
Q Tha1 (s) in the event of any breach of this Mortgage or default on 1M part of the MORTGAGOR, or (b3 in the event sny of said sums of money
herein referred fo be no~ pranptly and fully paid wiih;n th~rty (30) days next atter Ihe same severelly become due and payable, witMut demand or notete.
or !c) in the event each and every the st~pv!ations, agreements, conditio+» and cove~anra of u:d promissory note and ~h~i mortgage any w either a.e no1
july, promptly and iuIly Ferfw~ned, d scharged, executed, eifec~ecl, completed, comp!~ed with and ab;ded by, then in eithe~ o~ any auch event the uid ag
~re3ate sum mentioned in sa~d promisswy note then remain~ng unpa~d, with inierest accr~ed, and att moneys aecured hereby, shall become due snd pay-
ao'e forfhwith, a thereafter, at ~he epiion of said MORTGAGEE, as fu~~y and comp!e~e~y as if ali of the said wms of money were originally sGpulated
r~ b.• ea:d on such day, anyth~ng in sa.d pran~sswy note or in this 1M1atgage to the conr.ary notwithstanding; and thereupoo o? the~eafter at Ihe option of
s,,:.~ 1dORiGAGEE, w~rhovt not~cr o~ da~rand, s.;rt at law or in equity, therefore or thereaiter begun, may be prosecuted es if all moneys secured hereby ~
r. d matured pnor to its institunon.
7. That in the ever.~ that at the beyir.n;ng of or at any r.me pendir.y any suit upon thls Mortgage, o? to fweclose it, or to reform if, w fo enforce
~:ent of any c!a~ms hereund~r, s~~d b1pRTGAGEE sha!' apply to the Court ha~u:~ ~„risd~ction thereof for 1he appwntmeat of a Receiver, svch Court shall
i_.-•~.,~ifh appolnt a rc.e~rer ot sa~d n,o:tyage~ Nf0'.f.'}y at} a^d s~:zgular, ir.cf„d~ng ait ar.d s~ugula~ tF.e income, pro(its, issues and revenuea fiom whateve~
_ ce derived, each and every oi wh:ch, ~f beiny express~y undr:s~ood. is the~ruy mc~~gaged as if speufically set fath and deuribed in the graNing and
endum clauses herrof, and such Rece~rer shaii have a~! the b~.xd and B~ICCf.VC fu~c:,ons arx! powers in anywise eMrusted by a Court to a Receiver, and
s_~h 3ppoi~tme~~t shall M: made by such_Court as an edmitted equi!y and a matter of absolu~e right to said MORTGAGEE, a~d withaut ?eference to Ihe
.:::~u;cy or ir.adeq~acy of the vaiue of the property morigaged or to ~he s~.vcncy or mso~venty of said MORTGAGOR or ttu defendants, and that such
~s profits, income, is:ues and revenues shall be applied by svch Recei+er accordeng to the Iien or equity of said MORTGAGEE and the practice of such
rl.
B. To d~!y, promprly and fut?y perform, discharge, exccure, effect, comptete, con,ply with and abide by each and every the stipulaYwns, agreements,
~ d~+lens ar:d ccvenanrs m sa~d promistory note and th~s mortgage set forth. -
9. That in the eve~t rhe cwnershlp of tF.e mortgaged premises, or any part theieof, becomes vested in a person other than the MORTGAGOR, the~
:~R'GAGEE, its wcceswrs and ass~gns, may, w:~hout nouce to the VIORTGA0~2, dea: wi~h such successor or successor in interest with reference to this
-.~~g~ge and the d~bt hereny sec~red in the same ma~~ner as with Mortgagor w+tfiout in any way vitiatuig or dixharging the Mortgagors' liabitity hero-
der w upon the debt he~eby sec~rcd No sa'e of the Fre~nixs hcreby ~nertgaged and no forbearante on the part of the MORiGAGEE or its suctessors
es;~gns and no exrension of rhe ti~ne for the payment oi the debt hereb~ secured given by the MORTGAGEE or its svccessors o? auigra, al:all operafe
o+e~~ase, d~scharge, mod:fy change or affect the ong,na! iiab:iity of the MORTGAGOR herein, either in whole w in part.
10. h is spec:ficaRy ag~eed tha~ t~me is of the essencr of this contrad and fhaT no waiver of any obligatioe hereunder w of the obligation se- '
cv•ed h~reby_shall at any ti~:e rhereaftcr be held to be a waiver of the terms hereof or of the imtrumeM secured he~by. ~
11. In add ~+o~ *o the forego'nn month'y e:a~mzms of pnnc paF and irteresr requ~red by the promiswry no!e sec~red hereb~r, mortgagor covenants ~
j-: ag+_es to pay fo morto:-gee with each mavhly payr..ens an add,~iona~ sum es~~mared by mortgagee ro tx equa! to l;`12 of the annual cost of the follow-
A-A!I real pr~perty taxes tev~e~ or assesseo agai•:st the ab~ve desribed rral estate.
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S-Pr•~m~u~:es an f~+e ar.d windsto-m :nsvrac~e as i~e~cm req~;red to be carried on the ~mproveme~ts situate on the above described premises.
4 C-Pre~niums on such mortg~ge guaranty i~sura.,ce aa mo•tgagee shatl from t rne to time deem fit to carry on Ihe loan setured hereby.
~ M,ortgagee sha~3 ir~m r~me to r~:~e ~~crfy mortgegcr ~n writ~ng of the amount dus a~d payabk hereunder and such sum shall lhereupon be due and
~ :lre on the d~e date of ihe next month:y nayment and edch successive month thereafter ur,til mortgagee shatl notify mortga~or of a change in such
,•.,nr. Su:h sums shail be appiied by mortgagee to.vard the paymeM of rea! property taxes, insurance prem.ums, and mortgage guarartty insurance
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~ • ~UTS. -
1 :YIiNESS 'NHEREOF, the sa~d MORTGFGOR has hereunto se! his hand and seal the day and year first a{oresaid.
~ ' ned, Seal an e' in the p sence of: ~p~rtQ~ _ ' t
~ - ltOCER p01T~t1?S a1
y~{RK G1ii~CY1T L'0~ ~ C F. Dre e r ^ s~aq
1tfCOR011£PIf 1ED r~ea4
~ - - - Y' ~
- , e rna _ re er
~Seap
- - Fp 1~ ~I ~ AM'15 ~
i E OF fIORIDA ~ ~
SS.
~_r.i':i Y OF S t._ L uc i e ~ 's
Carl F. nreher ~
Before me personaliy appeared _ and
SELiSIa Dreher his wife, to me well known snd known to me to be `
~ _ ind~viduals described in and who executed the foregoi inst~ument, and acknowledged befwe me that they executed the same fw the purposes ~
~elma nreher '
_•~=in expressed. And the said_ ' j
~ C.arl F. Dreher
of tix said upon s xpante and priva/s i
nation by me taken separate a~d apart from her said husband, acier?owledged to and before me that she executed said instrument freely and voluo- ;
~ ~:y and w•thout any compu~ian, constraint, apprehsns~on, or fear oE w from her said husband.
° .t/.?~ F eb r ua r 75
Y~IThE55 my har,d and off~c;al seal th~s___ day of A D. 19
s>. ~ i
t ' t
- Notary Publit in the State of fbrids at lar~e
~ My Commission xp'ues: `
Retum To: ~~pry Py1s~iC, Slof! O~ AO?Zt~O O1 ~Or'Q~
~ Firsl Federal Savir.gs b Loan Associat,on Mr Commiss~en E:pins JuFp n, 19T7
Of iort P:erce. $onded by Americon firc b Casualty Co
Fort Pie~ce, Ficrida
~ , ; }_t',tlhlirat.a~, .
~ .~'`i ..i'`,~•
. ~ / J~N•~' ' .
~ ' :
This Instrument Prepared ByGary F . Ellwood : - • ~ : ~ ~
~ First Federal Savings b Loan Association • ~
• ;.r__ . " . : `
~ of Fort Pierce , Florida = ~ ~ : i- - ~
~ r) ~.s_: ~ j~
. y ~ ~
~ Checked By ~ , .`~y C'.-;
~ ' T_
~ d~ ~ ~O~ ' ~ • [:a~.•~ = ~
~ P~ ~ ~~,~~1i,~"~.
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