HomeMy WebLinkAbout1322 3. To place and continuously kerp on ~he bu~.du,ys now or heroafeer sltuare on s~~d land and o~ afi equip~nent and penonally covered by this mwtg-
ege, with ali premiums ihe~eon pa~d ~n full, fue insuranca ~n tf~e JSJ1I s~andard ~-alicy iorm, in a sum approved by the MOR~GAGEE, and wmdstorm
;ns~rnnce in ~he usual standard poLcy iorm, in a wm aFpruved by ~he MORIGAG[E, in suth tompany o~ tompsnies as Ihe MORiGAGEE may
au~c~; and ali (iro and wmdsrorm inwrance poi~nes on any of sa~d bui!d~r.ys, any iNernst tharein w pa~t thr~eof, in the agpregate tum aforesaid ot
in e:tets thereof, shaU cont~in the usual standard mwtgagee clause w such othe~ dause as Ihe Mortga9ee may requ~rQ, maAin9 the Ioss ~~der sa~d pol~ '
ces, each and every, payabfe to said :~tOR7GAGEE as ~ts interest may appea~, a•~d each and every suc~ po~ky shalt be promptty ass gned and dehverrd ?o •
any held by sa~d I~10RlGAGEE as (urther eecwity to sald mwtgage dabt, and, not !ess than ten (IQ) d~ys in adva~ue oi the expira~~o~ oi each policy, to de- ~
I~~er to said MORIGAGEE a renewal thereof, together with a rece~p? for the pro~n~um of auth renewal; and there shall be no f~re or windstorm insurance
piaced on any of said b~ild~~~gs, eny interesl ihrrein t,r part tl~errof, unless in fhs form and w~th the ~css payoble as aforesa~d; and in the event any sum
of money kxcomes payab~e unde. such policy or paliues said MORiGAGEE shaN hava ihe opnon w rece~ve and apply the ume on accoum of the indebted-
ress secured hereby or io perrni~ said IAQRiGAGORS to rtceive a~d use it a any ;~art thc:eoi ior o~~~cr ~:~ri~osrs, .vitiwut ~h~.~o~ w~:v~~g or unpair-
iny any equity, lien or ~igi~t unde? or by virtue of thia mo~tgagc; and in ~he eve~t sa:d MOATGAGORS shall Sa any reason fail to kcep tF~e sa~d premisrs fo
~nsured, or fail !o dc!~vcr promptly any of sa~d po':ues of insurante to aa~d MORSGAGEE, or faii pr~mptly to pay fully any pre~nium therefw or in any
rrspect (aH to pe~torm, d~scharge, eaewte. effeu, ca:~pietr, co~~~ply with and ab~de by thiy tovenant, or any par~ hereof, said MORTGAG'cE may place and •.i `
r•:~~ for suth insur.~nte or ar.y part Ihareof w~thout weiving or affe<ting any opt~on, ticn, equdy, or tight under or by virtue of this 6lo~tgage, and tht
!,~:I a,nounl uf each and ete~y such payrnrnt shal! be immediate!y due and p~yable a~~d shall bear interest from the date thereof until paid at Ihe rate o1
per centum per an~iu.~~ and to3c•tF~.•r .~~ih w.h in;~~rrst shaii t:e sec~rcd by the tien of this morlgage.
1. To permit, commit w su(ier no waste, in~pairment o~ drlcrioration of said s3rcperty a any part thereof.
5. To pay all and singular the coets, charges and eYpen~es, :ndud~r,g a reason~ble attorney's fee and costs of abstracts of title, incurred or paid at
~•:y tim.e by sa~d +~tr;R1GAG:E, betause or ;n ~he event af the fa~~ure on thr part of the seld MORiGAGOR to duly, prom.ptly and (~~ly pe~iorm, d~scharge,
.-;ute, effed, comp:e~e, :o~np(y wah and ab:de by each and NYC~y the si~pulat~ons, agreements, condition~, and covenants oi said pronissoiy oote and thi~
~~ryage any or e~ther, ar.d sa:d costs, chargea ond expenses, each and every, sha;l be immed~ately due and payable; whether or not there be notice da'
~:,^d, aneenpt to collect w wit pend~ng; and the t~l: a»wunt of each and eve~y svch paymem shail bea. inreres~ from the date thereof until paid al the
~.,.i v~ne pe~ can:um Fe~ a~~~~:.:n; a~sd ai. sa~cl c~srs, ,ha~3es a•~d exp~•nses ;nc~*red or pa~d, together w~th such inrerest, shall be secured by the lien ot thii
~~crtgage.
6. That (a) in the event of any breach of th~s Morrgage or deia~~t on tiw part of the MORTGAGOR, or (b) in the event any o( sa:d sums of money
h:rP~n referred ~o be not pro~rq~tEy and fulty pa~d v~~thin ~h~rty (3~1 days next a~~e~ the same severatly become due and payab~e, withoui demand a notice,
_r ,c? in rhe eveni each and every ~he stipu~ations, ag~aer~ents, condit;oes and covenants of sa.d prom~swry ~ote and th,s mortgage any pr e~iher are nol
F-ompNy and iui;y ~er:on„ed, d.s:ha~ged. ~~ecured, efiected, conp'efed. compi:ed with and abided by, then in e~ther o~ any such eveM 1he said ag
~a?r s~m mentioned i~ said pronusso~y ncte th~r. rert~aimn3 unpa~d, wnh intere;t acuued, and aU moneys setured hereby, shall become due and pay-
„ fr,rthw~th, cr therea`ter, at th? opt:~n of se:d M02TGAGEF. as fu~~y a:.d temp:~te:y as i1 a+l of the sa~d sums of money were originally stipulaled
oa:d or, such day, ~nythirg m s~.d Ero:T,~ssory note or in ;his Mortgag~ ro the convary not,~vithstanduig; and thereupon or thereafter at the option of ?
.':,ORTGAGEE, v.~thour nonca o+ demand, s,;~~ at ;aw w in eq;,ny, therefore or ~hereaiter begvn, n:ay be prosewted as if all moneys secured hereby
~ ~,~atured pr~or 70 ~ts institvt;on.
7. That in ti~e evem ~har at tfie 5e~innin~ ~-f or at any time pcndtng a~y sui! upon this Mortgage, or to fo~eclose it, w to reform it, or to enforte
of any c'.~:~ns hereu+cl~_t, se~d tdOkiG~.G~~ sha'; apply to the Couri hav~r.g ~cn;d:ct~an tMreot tor the appo~mment of a Reteiver, such Court shafl
..:cfi a~:po~nl a-c:e~.r~ ot e::id nrtyayeo u~o~.:rty a~: a id ::ngular, ;r.t'.vd r,g o~l and s~n3utar tne income, profits, issues and revenues from whatever
, : de~rved, cach a~~: e:ery of vr.~.ch, : ~~:g ~ tiprtss y ~^d~rs~ced, u i_~cby mortgaged as if spec~fically set. forth and dexribed in the graming and
~.;?~a^ clavses hereof, and svch Recrne: sha'k h;,~~ a~t rhe i~rozd and eiiec!~ve funct~ons and pwvevs in any~vise eMrusted by a Court to a Receiver, and
, c'r. ~pppinimCnf shali br made by s~ch Coo,t as a~ adr:i:r,d eqc~ty and a n-an~r of absolute right fo said AM1ORTGAGEE, snd without reference ro the
_:,.~,,;cy or inadeq-~ac/ o( th~ va(~e ot the property mo~~gaged or tc ri,:, so:.•_ ~cy ~nio,~ency of said NM1ORTGAGOR or the delendants, and that such
s. ~rofrts, inc7me, issues and revenues sha:! oe app'ued oy s.~.h Recener aco:,.ci:,~g to ~he lien or equity of said MORTGAGEE and ~he practice of such
..c ~rt.
8. To du:y, promptty and iully perform, d~scharge, execute, effect, cornp'ete. ccmply w~th and abide by each and every the stipulations, agreements,
~ :i~t;ons and covenants ~n sa~d promissory note a::~ this mc:tyagz srt forth.
9. ihat in she evcrt the ownersh~p oi the rno-tgaged prenuses, o~ any part ti,ereof, Eecomes vested in a person other thao Ihe MORTGAGOR, the
::'~'•~AG~" i!s successo•s and ass~gns, ~nay, w~r4iov~ no+~ce to the .4"JRTvAOR, dea+ wi~h such successor or successor in interest with reference To thia
_.;~e ond ~he d~ot h~reoy sec~ied in tl:e same manrer as w:th :.lortyagor xlthovt in aoy way vitiating or discha~ging the Mortgagors' liabiiity here-
or uF on rhe d.•bt he+eby se;u~ed t~u sa'z of tfie prcin~ses h~~rb~ ~no~rg=yed ar.d no forbeara~te on the part of the IJIORiGAGEE or its successors
~^s a:,d ~o <xre~s~on of tne t~r,= ix ihe Faymenr of tFe dFbf F~re6y secu~ec' given by the thORTGAGEE or ~ts wccessors or assigns, a~zaU operale
•_~sa, d~sci~a:ge, mad~fy chan~e or a`Fect the crl~,nal liai~~lt~ of tne M,ORiGAGOR herein, either in whole or i~ part.
t0. It is s~ee:fica[;y agreed that hme is of the essen:e ef rh;s co~~raa ar.d that no waiver oi any obl~gat~on hereunder or of Ihe obligation sr
_-~d hareby sha`.~ at any h:ne thereafter be held to be a r.o~ver of the t=rms herecf or of the instrument secu~ed herby. t~
I1. In a;iti t:c-: +o ~!~e forcyc'~~a r ~ r.ri~'y <~;:,;_n:s of pnnc a~:d i~:cer: z~ ~equ~red by the prom:ssory nore scwred hereby, mortgagor eovenants
~~~ees to pay ~o n:cr!g~y•~e v.~~h ~.._,~rh'y ,,..,.-enr ~n add ~[ona~ SUrt~ esr ~,;~ec1 b; mortgagee to be equa~ to l,`12 of the annual cost of the foilow-
A-A:I r_al ;rupert~ i~,~as o• ass~s._ ~_:,:.,s• rtl_ o[ip1'd desr~.~.-d r,at esrdi~.
, E3 -Pr~n:wr.s cn f:re and ~~~ndsic»m inwrar[e .~s hereln req~:r~d to be ca~n~-d o., ~he improvemc~tt situate on the above described premises.
C-Dre.: ;,r+s e~ v~Cf1 r.:~:1~;GB q~.9rs:;?~ crsu-+~ :e es :....•~ga3~_e shaii froT r n:e to time deem fit to tarry on the loan sec~red hereby.
1.1o-tga3ce s~a: frcm t~ ;;~~.e ~~e~~f; r.,;;rt~~goi r.'v,~rt:r.g of ?he arr:c~rn due and payable hereundar and such sum sh~ll thereupon be due and
I! on th~ d..e da•e o: nexr ah~, p;y•:~e~,r and e<;ci~ successive :r.o~,sh rhereafier untit mortgagee shall not~fy mortgagor o4 a ehange in such ~
• .n•. Such wms s~~a i be appfiCCl f,y mOr.c~dytC ro.va d thc Na~ment of real property taxes, insurance prem:ums, and morlgage guaronty insurante ~
i
j ~ . . ~rtiS. E
~ f~J :~ITNEJS :JH 'Of, the said N,OFTG.4GOR ha: h~_re~nto set his hand and seal the day artd ar first aforesaid.
f
;gned, Seale and etiver in the~presence of: /
~ ffLED aH_~ REGOROf ^ v
- ST. LU~tE ~JUNTY FL . prthur P. S a
~ RGG~~ ?~:TpAS (Seaq
CL~nK ~;:~.•::JIT COURT (Seal)
~ aFr,nt r v~~~~~: sc~ adeline G. B al
(Seaq
OF FLORtDA ~R I~ 1O 12 l117 ~~5
St . Luc i e ~ u- ~Q_~8~ '
,'dTY OF ~ :
8efore me persona~i~ appeared _ArthUr P. Byal ' end ;
Ma cie 1 i ne Ci . Bya 1 his wife, to me well known and known to me to be ~
~ ndividvals descri6ed in and who execured the foregoing instrument, and acicnowledged before me that they executed the same io~ the purposes ~
~ •.~c•'n expressed. And the said
~.~?~e 1 ine Ci . B]ia 1 ~
of the :a~a _ Ar thur_P • BYal ~Po~ s separate and private ~
~ ~~-~at~on by me te:cen sepe.ate and apart lrom her said husband, acknowledged to and before me that Ehe executed said instrument freely and volun- ~
~ ; and w:thout any c~mpu:s+on, constraint, apprehenion, or fear oF or from her uid husbar,d. ~
~ `.YITNESS my ha ,d and offic:al seat th~s~~~_____ day o ~ A. D. 19~5
~ ~
~ t
Notary Publk in and for the 5 e of F! a at large ~
' My Commission eapiros:
Ret~m To:
~ r:rst Federal SaJings & Loan Assocat~on ~E,
~ Of Fort Pe~ce. '`ii~'111iF;tli;j
t .
~ Fort Pierce. FfcriJ~ :{,:`d~ :~t ,s~'
K.~ ~'~~s '.~t,r+ .
~ •`v • :Z~~:
.3h • {r
~ • ` /
~ This Instrument Prepared By John W. Collins ~t;:
~ First Federal Savings 8~ loan Association -1~,•. 1.
~ of Fort Pierce , Florida ~~;•_..a? J's3 -
~ ° R PAGE 1321 . ~ l;,;.. :
~ go~K238 .
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Checked By ~ ~F?r.~ :
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