HomeMy WebLinkAbout1789 3. To place and coro~nuovsly keep on the Lui'u~rys now or hereaEter situate on s,,~d iand and on all eq~~~pment and personelly covered by ~his matg-
a9e, w~th all p~em~~ns ttiereon pad ~n fuN, 1;rr ins„r~~~ce ~n ths .,i~at srand.~rd ~,~'~ty iorm, in a s~rn a4prowed by the MOR~GAGEE, a~~d winds~orm
;nsurance +n tne usuji sta:idard poi:cy fe~m, in a aum ~pproved by ~he A10RTGAGFE, in futh company or compan.es as the MORTGAGEE may
d~~eu; and all fire and w~nducrm ~nsuran~r po'~ues on eny of se~d b~,~ld~ngs, any ~n~erest therc~n o~ part ~hereol, in the agg~ega+e w~n atores,id or
;n e,ecess thrreof, shall ionr,,in the uwa! srar.d;rd morg,gre clause or such o~her c~~~se as ~he A1~riyegae may requ~:e, makmg the ioss under s~~J pofi-
c~rs, each and avery, pay~b:e to said htORTGAGEE as ~ts i~~ter~st rnay appear, a~~d e-.ch a~id eve.y svch po ~c/ s6,~;1 6e pron•:Mt~y ass g~.ed ,,~:d de~~.•ared to
an~ held by sa~d h10RfGAGEE as ivrrher socu~~~y to sa~d ~~,~r~gage a~t,r, and, noi less Ihen ten (10) dars in ad~ence of ihe exNi~at~on of each poGcy, ro dr
;~.e~ to aaid h10RiGAGcf a rr~~ewa~ therrof, toqe~har N~~h a rece~pt lor :hc pre~nium wch re~~ewa:; .i~•d i:~rie ~I,ait 6e no f~re or v:h~:ls~o~m inaurance
pleced on any of sa~d build~ngs, any inte:rst thrrein w part thereof, un:rss in thc ionn and wrth the icss payau'e as aicreaa~d; ard ~n the event any sum
ot money becomes payab'e undr. wch poliq or poGc~as s~~d MORTGAGEE sh,ail have ~he opt~on lo rece~ve ~~~d apN!y the same on accuunt of the indebted-
nrss sewred hereby or ta permit sa~d ~AORTGAGORS ~o reca~ve and use it or any r:~~r ~1~~~:.-ol f~.~ c:n•. ~ pu~~ c+rs, :~~r~~o.:t ih w: cr ~~~:;,,,~r-
ing any equity, i~en w i~ght vnder or by virtue o1 this mc:'gage; and in Ihe evrnt sa~d 111OR1(~AGORS shall for any reason fail to keep the said premisrs to
~~~s.;<<~d, o~ fail lo d:~~~er pr~mprty any of sa~d F>oi~clrs of ~nsurance ~o sa~d MORTGAGEE, or ta~I promptly to pay fulty any p~e~nwm therefor or in any
~.}sF ~ct fail ro pe~fa~m, d~scharge, execu~e, efFe:~, cump:~~e, ca:,,p;y v,;~~h and a~~de by thls cov.:nant, or a~y part h veot, so~d MGRTvAGEE may piace a~,o
~,s; fpr suth irsurence or ary Nart ~h_~rof wrtho~t waiv~ng or a'tecting any opr~on, iien, ea~ay, or rl~ht unde~ w b~ virtua oE this Mer~gage, and the
t smou~t o( ca.h and e.ery ~i~ch pay«r•:nt sh.~!I be ~~~~~ned~ately d~~e ~nd payd!,~e and sha:l bear interrst irem the date th<rcof witil po~d at the ra~e ol
: E:~~r o~mum ~,e~ a~ r~.,~„ ..•.1 •c,,~.,ri..~r ..nh sc;n ~ntr-,~sr ch~.~i~ c,, i~~:ur.•d by the i~en ol Ih~s mortgage.
4. io ptrmit, tommit or sufie~ no waate, i:r.painnen~ or tiet~~rioratiun of se~d pruHcrty or any part thereof.
5. To pay a~l and s~ngutar the costs, charoes and expernes, ~r.cl~ding a reaso~~aL•'e attome~'s Fee a~d costs oi abstracts of title, incurred or paid at
ti~a:e by said AlGR1GAGEE, because or in the ev~nt of the fa:lure on me pa.t ot the s:,id AIJRTGAGOR lo duly, p~omptly and fuEly p~rip~m, d~stha~ge.
.~:,te, efiecl, tornp:rte, co•npiy w,th and aL.dt by ea.h and every the stip~:ot~or,s, agr~-~~„ents, tvndmons, and cove~~ants of sa~d pro:ni;sory note and this
.~'q.,ya any or e~ther, and se:d costs, charges a•~d ~ape~ises, e3ch and avery, sheii i~,:mcd~atcly due and payaL:e; whether w not there be ~otite ds
-,.~^d, olrempt to mf~ect or suit pend:ng; ~nd !he full amo~nt oi eech and every Svth }~nymenl shaMl neo~ imerest from the date Ihereof unti{ paid at the
~~~~~e u~r c~nr,,m d,;,,,;.n; onc: .,u aaui c~~srs, et,a, jrs ~~,d ex, e~.scs lnw:rrd or paid, togriher v,nh wch in~erest, shall be secured by the I~en of th~s
•,,;~rrgage.
6. That (a) ~n th~ e~~ent of any brr3ch of th~s A'ortg~ge or de~auh on th~ pa.t of rh_~ A',ORTGAGGR, or ;b) In ~he eveN any of sa:d sums of money
~.-~~~n referrrd fo be not prar:Nr!y a~d #~;Iy F,aaJ v.~ih~r, th.rty i3~~ d+:s ne~t a•ter the sn:ne seve.a::y i~ecome due and payable, wi~hoW demand or notice,
c~ ir, the e~rnr t~ach and ever~r the s:i;w ations, a~ree;nents. cor~d;:~e•:s a;,u e~venan!s of sa u pro•nisso~y nore and th;s mor:~~ye a.-.y w either are not
c;ro:~,;nly ~.,d i;,tty perfonr:ed, d s:ha~ge~i. eze:.:t~~d, rffec!~J, :e~nf~:er_d, ;o,;~.:,rd r:;rh and at~Jed `~y, then ~n e~ther or any such evem ihe said ag-
wm mention~d in sa~d pron~issor~ notr then remam;ng u+~,:a~d. r.:+h int~rr.t acc~urd, ~nd a~l moneys secured hereby, shall become due and pay
torthovith, o~ therrafrer, at the on+;o. ef se~d h!ORTGAGiE, as fu+iy a,~ci co~nµ.rtr~y as if all of ~hr s.,~d sums of money were or~ginaily stipuiated
^ r.a d on svch c1:.~, anyt~uni ~n s~ u pre- ,;sery note or ~n th~s t.brt~aga to thr cc~,rrary notrnthstand~:~q; and there~pon or thereafter at the ophon o(
':~ORiGAGEE, v.,iho~t nonce o~ drmand, sart at law o~ in equAy, thr.eiore o: tbereafier begun, may oe prosecuted as if all mo~eys secured hereby
• 1 ;:~aWrcd pr~or to .ts inst~!~tion. -
7. it:ar fn rf:~ ~vc~nt tt:a> at the 6~-y~n,:ng .,f or at any !;me pend;ny any su~t v;:on th~s Mo~tgac~e, or to foredose it, or to reform it, or to enforce
~-nt uf any c%~~ r.s he:eu~.der, seid !dURT(;k~~~E :ha!; ~pp!y f~ the Covri ha~u g;~~~sd:ct:on th~,reo! for ~he appo~ntment of s Rece~ver, svch Court shall
; c•~nt a r,cei.~•r c+ sa:d ~.:~.rya~eJ prc, ,~t~ a;l a d vngu~ar, inc ud ~ g: i~ ~d s~•~~u~ai t~~e income, prof~ts, i:sues and revenues from whatever
.~,.~~1cd. t•.ci~ ar,_3 :ery of ~,~~~5, ,t E-u,g i rr~ss /.;ndess•v^ti, ~s !.r~c;~r ~:.u:rq,~~~~ ~s if spec~fica:ty set fo~th and descnbed in Ihe granting and
~ d,,m c a~•ses M.ereof, svc1~ R ce~.a s~,~:+ F,e . a~! the u~oad and eifecr~vr fi.•~_rons and puwen in anyw~se entruated by a Cou.t to a Receiver, and
~'~,;~o~^'~:unt sh,~~ bc matie by su,h Co:,rt as en ad.~~~~r,d rq~ity ar.o a n:a+ier ot a6:clvte r:yht ro said MORiGAGEE, and winc~ut ~eferente to the ~
t~ ar ;:~a~+~•y.,acy of the va;~~e oi the prcuerry n.o~tyagrd or to thr s:;.venc~ er ~•_nc~ of sa:J ItORiGAGOR or the deiendants, and that sueh
, Frot:rs, :ncana, iswes and reve~~ves sha~l ce appl~•_J by wci~ Rece~.r~ oc~u.d:-+n +o the lien or equity of said A10RTGAGEE and the practice of such
3. Te ~i.•!y, p:c-•~~,tly ana f~I~y Yertorr,, dsc~~~-qe, ec_o;t~~, eifctt cr,.npi~!~~, r,~^~+~ w~rh and a6~de by eacM~d every the stipuiations, agreements,
..,r~cris and cc. :;an!s ~n s~.:i p:o-n~s>ory .,r.~j :i~~~: n:;;:tga~e s•_t forih. ~
9. TF:~t _.~,u ~he cs.nersF.~f e' i6~• ~;.ortgiged rre~,.:s~s, c• ar.y ~,art ti,~r~~f, Lecomes vested in a person other than the MORTGAGQR, the
.•',.;GEE..~+s :,,:c~sso:s a~d ass~;~s ,~ay, ~~,;~t,a_r ~,c•~.e ro ~he )t.ORT~%•~~, ~.~,~t ,v,ch s~~ch successor or successor in interest wirh reference to this
'::3yc aad the ~_ul hereby secvrEti in tn> >3mc n,~i:nw as wi'h !.'.ortgagor ,ivlthout in an~ way vitiati~g or d~scharging the Mortgagors' liebilify here-
. or ~~on rhe d;.:;• s~:~.:_;.i ':u _t u.~ ~r,,,~ses h~;no; ~nortg,grd ar.d ne forbearance on ihe part ot the MORiGAGEE or its successors
«!ans a-.d o ex•;:, s:cn of the ro~ f!~e y re~~! of rhe debt h.,~~.!;y sc~cw~d glven, ny the l10RTGAGEE or iu successors or assigns, al~all operate
~~•_se, d~scharye, mod~ty cF.ange or ofrect ~!:e o~~g~~~ai lia:;:iny oi tne N.L?RfGAGOR herein, ei~her in whole or in part.
iv. Ir is sF,~r.f;ai~~ rq.red ihs~ t;••,c ~s e4 ~h~ esse.-ce cf fi:;; con~rac~ and !hat no waiver of any ot:lgat~on hereunder or of the obtigation se-
__d h.reby s:^.a, a* any tic:c tiureairer b~ h~:i to be a wo~~ec oi the •erms here~f or of the instrumcro secured herby.
~ i. In c•.i:.~ r:~e iore~o ~~,,.;.,er;: ~;.i; •~;s uf ai and ~,,f,~rest r-.q~ :ed by the promszcry ne~e sccured hereby, mortgagor eovenants
,-ees to ;:~y r~ ~.c.-~:~ v!~n ~•;ch :„,~,'y ,,.F.•,i ~ i„ ,~„3; su:,~ cs?. •.Rted b~ mortyagee to be eq~al to 1; 12 of the annual cost of the follow-
A-Ail r..a? ~..op.:,t; 13t.•S ~ev~,c', or ass~•s~_•o a~ri•s~ rhr aoove desc~~b~:~1 r•:al es~ate.
6-~' o,~ f~r.~ a~~i~ vre~:0Ofir0 ~7. rtSU~)t C_ 35 he-_•~n ~,~q~;.~d to be car;~ed c~~ th,~ ~mprovemeits s~tuate on th~ above described premises.
. ~ ~ ' ~=g _ ar a5 m0•tc a~^~ Sf13i{ rGm t~rne to t~.ne i
-Pre•n~_.:-s on svch mn.!. e.^.:~~-a.~t; ~ns~: ~ ! deem fi~ to tarry on the loan secured heceby.
/.•cr~g,~c~ s' ru e ra~~t; o~r:,,go• ~n wr;t:ng o~ t~e ar;.ou~t d~e and payable hereunder and such suv~ sha?I thereupon be due and
~ on ti~~ :i~~~ ci,a••, oi rhr. reRr c:,th'i payr-,_m a:~d e,,cF, succe;si~e ner:tn tF~er<after ur.ti~ mortga~ee sha!t notify mongagor of a change in such
t $uch s~^~s s~e.l i.e aHF~';ed t.~ •n~rty~,_ ~E• ro.~:a•~ tne ~,c~rnent of rea! prcpe~ty taxes, i~surence prem.ums, and mortgage guaranty insurance
, IN ':~IT`~E`5 ::ri;R:Of, rn~ ss;d %.ORTGAGOR has h<_reunto set his h3nJ and scal the day and r first afore~'ai . '
rts r ~
~ S~gned, Se ed d ed in the presence o~: „ ~ ~
' fll£0 kh. !.:.~D3)EO ' ,
~ - ST.LU~~[ ~~?'1!ITY FLA. ~ ~
" _ _ t L ~---1 _ ~ r : ?RAS ` T81` ~Ilg~~!' ~ ~ (Seal)
! R'vti CQIRT ~(Seaq
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i ~ _c'~-~~21tiYs~ acCL£:,K: ,n .
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~ ~R ?8 10 i6 AM 75
~ OF ftORIOA
~ ;•;iY OF - - - Stis ~C~@ I ~
~
~ _ Gerard D. I.an e
8efore me personaf!~ appeared ~ 1 and
E _ S}l~!'021 D. LanQel his wi(e, to me ~veli known and known to me to be
~ •.:;d,v~duals dcscr~L_d in and •s,ho exewred ihe foregoing instrument, and acknowiedged before me that they executed the same for the purposes
F ! •_~:n expressed. Anci the said_ S harOn D. L ange l
a -
~ of the 5r~a Gerard D. Langel___
- - - upon a separate and private
i njro~ by rne r~,_n :~parate and apart ircm her sald husband, acknowledged to and before me that she executed said instrumenf freely and volun-
G i ar~d w thout any compu~sion, constraint, a;.prehens;on,~ fear cf or irom her said husband.
i :'~iT!~c$$ my har.d and offic[al seal ihis. ~_L_- day of-- 1lprf.l ~ D. 19 T5
R i\YItiV~I~ €
~ ~ f~ ~ - ~ f, ~ Notary Publi and for th~ ~ p'of Fbrida ~t~iar~ ~
J I F~1~ ~~`.1 f f-. y Comma expires: -y
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s This Instrument Prepared By E• BraUn .
; F~rst Federal Savings 8~ Loan Association
s_ of Fort Pierce F'lorida c~ p
_ ~ 600K ~JD PACE ~
~a Checked By ~
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