HomeMy WebLinkAbout1829 io pfue and tonlinuously 4cep on !ne b~i:~! ~.~s no~nr or l~rreaftc~ s~tuate on s~~d iand and on ali eq~~p~~en~ and penonalty co:~~~ed by th~s mortg-
ege, w~th all prrmwmt 1h~-~ron pad ,n fu:l, f~re ~ns.,:onca m tna uwai sta~,d~rd po~~cy lorm, in • S~m dHp~o+rd by the ~dvR~~a%~'~==, a~~d w~ncl:~onn
insurence in the us~al •+onJa~d ~o: cy (o~m, in a w~n approV~d by ihe MJRTGAGEE, in such con:pany or compan:es as the t: ORTGAGEE niay
d~rect; and all fire ar.d w~ndstorm ~nsuro~ce pol~c~rs on any of sa~d b~~idnys, any iniere~~ iherein or pa~t thrreof, in the a99rrga~z sum afo~esa~d or
in eacess ~hrreof, shaU :omain the ~swl s+a~~J;rd ~nor~yeyae cla~se or ~uch o~her cla~se as ihe hlo~tgagee may requ.re, meking rhe ~oss und.rr so,J po~i-
ues, each and every, payab'e ro sa~d h~JRiGAGEE as ,n ~nterest may appear, and each and e~•ery wch µ~~~cy sha~l t~e p~omptly ass g•~rd e~:d de~~~c•~~_d ~o
any held by sa~d MORivAGEE as (wrher srcu~ity to sa~d n:ortgage d~•bt, and, not fess tha~ ten (101 days in ad.ance of ihe exp~~ot~on of ca:h poiity, to de-
Lve~ ?o aa~d MORTGAGEE a renewal ~hereof, toge~her wrth a rece~pt for ihr prr~nwm of such rrner.ai; and thrr~ shall be no i~re or w~~~dsto~~n i~,surance
p!atrd on any of s.+~d b~~!d:ngs, any interest there:n o~ part tF~ereof, unEesa in the form and •+v~th the loss payab:e as aforesa~d; a~d in the e~ent any s~m
of money becomes payabte under s~ch poLty or pol~c~ee sa~d MORiGAGEE shali have the ophon ta rrcc~~e a+,d app!y the same on acco~nl of the ind~btcd~
neis sewred hereDy or ro prr.nn sa~d MORTGAGORS ro recr~ve and ~se it a an~ p.+rt th_•:eof tor .o:~,•.r os~•s, .;•in•._t ~h :=i ~7 c~
~ng any cqu~ty, lien o~ right und<r w by virtue of this mo::gage; and in the evero sa:d MORTGAGORS ih~ll (o~ any reason Tail fo krepihe said premis:s so
mwrad, oi fail to deGvcr promp~ly any of said polities of insurance ro sa~d MORTGAGEE, or fa~l promptiy to pay fu~~y any pre•n(„m theretor o~ in any
respect fail to pe~fprm, d~s,harge, txeNte, eHect, complrte, comply wi~h arxl abide by th~s covenant, or any part hereof, sa~d Ml~Riv.~GEE n~ay p,aca a~~o
pay for such insw.+nce oi any part thereof w~thout waiving or affect;ng any opt~on, Gen, equny, or nght unde~ or b~ v~r~ue of ti,;s Mo~igage, a~~d the
t~~l amo~nt o1 each and every such paymrnt shall be in;med~ately due and payable and shail bear interes~ lrom ~he date thereoF ~~~tit p.,~d at the rate oi
n:ne per centum pe~ annum and to~cth~~r with such int~rcit shali br sewreJ by Ihe lien Oi Ihi3 mottgage.
d. To permit, commit or auffer no waste, impairmtN w deterioranon of ia~d property o? any part thereof.
5. To pay all and sing~~ar the ccsts, cha~ges a:~d expenses, ~nci~d~ng a reasonable attorney's fee and cosfs of absrracfs of trtte, inwr~ed or pald ar
any tim.e by sa~d MORIGAG`E, because or in the event of the fa~lure on the pan of the said MORTGAGOR to du!y, promptly and fu;ly pe~lorm, d~scharqe.
e+~•cute, e{fect, complere, cO~np~y w,~h and ab-de by eath and everv the sr;uu~auo~s. aareaments, conditions. and covenanrs cI seid promisiory note ar.d ifi~s
,~orrgage any or eithe+, and sa d costs, charges and eapensas, each and every, shall be immed~ately due and payab!n; whether or noi there be na~ce da
~,and, atrempt ro coileU or wit pend~ng; and the fvll amount of each ar.d eve.y wch payment shall bea~ interest from the dare rhereof until pa~d a~ the
re of n;ne uer crntum F,~~r on~~~:n; a~~d alt sa~d costs, charges a~~,d cap;ens_~ ~ncurred or pa~d, togrther w~th auch ioterest, shall be sewred by the I~en of t1~~s
mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) ~n the evenl any ot sa;d sums of money
h~~re~n referred ~o be not p.anpfly and futly paid w~rhfn th.~ty (30) days nex~ attc•r ihe same se.era;iy become d~e and payable, wirhout de:nand or nonce,
~r tc) in thr e+ent each and every thr stipulat~onz, agreements, cond~tions a~d covenanfs of sa.d pro~~~issory note and th~s mortgage any or ei~her are not
~u'y, prompNy and fu!Iy ~r}o:~,~rd, d.scharg,d, exec~ted, eifected, completed, complied w:th ar.d ab,drd 5y, then in e~ther or any such event the sa.d ag
~~e3ate sum menrioned in sa~d p~om~ssory ncte then remaining ~npaid, wdh intere,t .;cu~ed, and all monrys secwed hereby, ahall becume due and pay-
e: e forthwith, or tnerea'rer, a! ihe opt~on of said MORTGAGEE, as (uily and tomp:ete~y as ii a~l of ~he said svms of money were ong~natly sr~pucated
o be pa:d o~ such d~y, a~ything in sa.d pro:n:ssory note or in this Mortgage to the contrary nutvvfthsta•~d~ng; and ~here~pon or thereafter a~ the op~~on of
s,.J h10RTGAGEf, w~thout not;ce or demand, suit at law or in eG~it/, the~efore or thereaiter begun, may be prosec~ted as if all moneys secured hereby
c:d matured pr~or to us ~nsht~t~on.
7. That in the e•.ent rhat at the beyinn;ng of or at any time pe~ding any su~f upon this Mortgage, or to iweclose it, or to refo+m it, or to enicrce
;~:me~t o1 any ci~~ms he~e~rdor, saici tiSURTGAG~E S~J~i app!y to the Court ha~]ng ~unsd:cr.n theroof (or the appo:ntmeM of a Receiver, such Court shail
f. thv,rith appoint a rete~ver ot saiJ morlgagrd proper:y ail and sing~:ar, inc~~c! ng u.! and s~nyu~ar the ir.come, Qrof~ts, issues and rever,ues from whote~•er
s_~•ce d.:rived, each and r.ery of wi~:ch, it beu~g e~pressiy vndersicod, is F.ereoy mortgaqed as if spx~fically set lorth and described in the g~anting and
!~'.;endum c!a~ses hereof, and such Receive~ shsli have al! the br~ad and effect~ve funct o~,s ar~d po.~ers in anyw~se entrusted by a Cou*t to a Receirer, a~~d
=h appointment shail b~ made by svch Court as an adm~ttrd equity and a matter of a6so!ute ngM to said MORTGAGEE, and wirhovt reference to the
c.i~quacy or inadeq~acy of tFe value of fhe property mortgaged or to the savency or insoi~ency of said MORiGAGOR or the defendants, and that such
~s, profrts, income, issves and reve~~es shati be app:ied by such Rec~iver sccord..~g to the lien or equity of said MORiGAGEE ar.d the practice of such
Court.
8. To du!y, promptly and fu!!y perform, d:s:harge, execute, effecf, co~np':rre, ~omply with and abide by each and every the stiputations, ag~eements,
:~.,drtions and tovenants m s~id promissory nete and tn~s rnortgage set for!h.
9. That in rhe ev~nt thc ownership ef the mortgaged premisez, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~.`RTGAGEE, ies wcc_~sscrs a:;d ~ss:gns, may, wivhout no~~ce to ~he :'~R7GtiOR, dea~ w~th such successor o+ svccessor in +nterest w~~h refrrence ro th~s
•~gage and the dcot hereby secvred in the same manr:~r as w~!h LSc;rtaago+ w~thout in any way vit;ating or d~scha~ging ihe Rlortyagors' ~iabality here-
. J~rr or upon the debt nere~y secured. No sale of ttie Fre?:ises h~reby mortgaged a~,d r,o fo~Dearance on the part of the /AORiGAGff cr its successo~s
~ essigns and n~ Fxre~~s;oo of rhe t~n:e for the ~:ayrr~ent of the debt hrreby sec~red given by the h10RTGAGEE or its successors or ass gns, al~ail operate
o re~ease, d~scharye, mod~fy change cr a}fect the oriy~nal i~ao,i:ty of the M.GRTGAGOR he+ein, either in whoie or in part.
! 10. It is S'.ECF~C3iJ~ agreed that time is of th~ esser.ce of th~s cont:act and that no waive~ of any ob~~gat~on hereunder o: of the obiigation sc-
c. -ed he~eby shal; ar an~ nme thereatter be he:d ro be a v:a~ver of the tecros hereof or of the instr~ment secured herby.
! l. In acid re~~ ro ihc foreg; ~nq n-~cn!My p~ym~•nts of p•i~~c :ial and inrc•r~S' requ~red by !he prom~sscry no'e seo~red hereb~, mortyogor covenanis
E ~i agr;~•s to pay rc •r ort j~~ee h,;h <ach ~r:o~~~h y Ha~: e~:r an adci r,onal sv~.: es' ^ ated b7 m,ortgagee to be ec;ual to 1 12 of ti,e annual cost of the foliow-
f ~
' A-A!I ra~ p•ope.t~ +axas len~~ o. assessed ag~~~~st thc ai~ove descr:i,~d r:al estate.
{
~ 6 P._~~ ns on I r-: j-d v::~~dsror•n l~se:~~~ ce as hrrc~n req,;;red to bc• c~•ri~ d cn the irrrroveme~~s situate on the abeve de>c:l;ed prem~ses.
~ ~-Pre::~~..:=s oo su:h m.o~r, c
, ~:ae guaranty ~r.surar.ce as m~•+g.~gee sfia:! ro~~ Yme to 'ure deem fit to earry on the loan secured 'nereby.
" Mortgagee s^~': `•cm n:.~~~ to T~T.e ncrif~ morrgager ~n ~:rrt,ng of ~he a•nc~~t dve a~d payab:e hereunder a~ed such surn shafl th~revpon be due and
S ::ie on th_• du:• care oi fFe reat montn:y p:;y;nent and e.:c~ svccess~ve month tiereaiT_r ur.tii mcrtgagee sha!I not~fy mo:tgager ot a change in such
~ ~~t. Such w:ns s~ a.i t,e ar~r~~•d cy ~r.orrg~ j:e toaard lhe Ga f:nent of rra't prcperty taxes, ins~rance prem:ums, a~id mo~ty~ye gua.anty irs~rance
^~.1m5.
Y
I'+1 YlITNESS :~HEREOF, the sa:d •'hORTGAGOR has hereunre set hu har,~ and seaf the day and year first aforesaid.
: Signed, $ea.`ed and delivered in the presence of: V ~ ~
~ ~t'~'4'O ~Q~i',~ (Seat)
T ' Willie Broadneax _~szDq
~ ' ~ r1L~..s..~s•o ~t.~i1+[,~1~ (5eaq
~ f- - Witnesses gessie Williams Broadnea~aq
~ - -
z
~ ~.TE OF FtORIDA ~
~ SS-
~ ~JUN~Y OF _ St Lucie ~
Before me personal~y appeared tJillie Broadneax
and
_ ReSSle 1~1~1111~3IRS Broadneax _ h;: wife, to me well known and Rnown to me to be
~ e ind~vid~als aescr.bed in and who executed the foregoin8 instsument, and ackn edgEd before me that they exec~ted the same for the purposes
; ~_••e~~ e:presaed. And the sa~d____ _ geSSle W111.11IDS Broa~neax
°e of the sa~d _~lllle Broadneax upon a separate and private
p_'i •'r, natlon by me taKe~ separate and aoart from her sa~d husband, acknowledged to and before me that she executed said inst~umeni freely ar.d volun-
s,~ ~y ar,d w~thoui any ccrrpulsion, constrain?, apprehens:o~, or (ear of or irom her said husband. ~vj~
~ ~NTtiE55 my hanJ and offic;a! seal this__ _ day of March ~ , A. D. 19_7~-
_s
* .ttt;o'r.OEO ~
Fltfd ~C :01:MTY fl~. -
ti.; st, t~~ \ Notary PubGc in and for the $tate Fbrida at large
a~j : 1 RAS My Comm~ssion expires:
~ Rerurn To: y K(. ~;,l'•) i CO~SRT 3 HOiAR1f
ti CLE PUBLIC, SiAiE ol FLORiDA ~t ~E
- F;rst Federal Savin~s 3 loan Assoc~at,on q~rf;f MI' CpAAMISS~ON E~I~RfS IUN E 3 1~
o= , ~.f F. O 3C PM' ~5 n°~° n~w, c~,E,~,u „~,w~,cE uHO~RwR,~
Fo. Pi,•,~~. F~ rfdj 7~ ~~~~.~~~tr:trrrt,~
v~ ~ , VS ~ . _
~t1~?p - , , r• .
' This Instrument Prepared By Richard K. Kayes ~~1 • -
First Federal Savings & loan Association J'; • " :
of Fort Pierce , Florida ~
r_; . _
~ Checked By ~j,~-- ~
~ R AGE1827
~ e~~K237 ~ . _ ~ ~.t~~
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