HomeMy WebLinkAbout1942 J. To plece and con~inuo~sty I.eep o~ the b~;td~~~gs r.oH or herasf~er a;t~,efe on sa:d land and or. a1; equ~p~+~ero and personally co~errd by ~his matq~
ege, w~th all premiu~ns thr~ewi pa~d ~n full, f~rc inav~~~~.c :n the ue~al s!andard po~~cy form, in a s~m aHp~o~rd by the MOR~Ca..GEE, er~d w~ndstorm
~r~i~roncs in ~he usual standard poLcy fa~n, in a sum ap~~ro~~d by ~he MORIGAGEE, in auch cwnpeny o~ compan~es as ~he MU2TGAGEE may
d~rrct; a.id all (ire and w~r.Js~orm insurance ~wiK~es on a~~y of s~~J Cu~id~nys, any inttrrsl t~iere~n o~ part thareof, in the aygrr9a~e •um ~fwesaid or
in e~tess ~her~o(, •ha11 ;ontein th.e ~s~al s~an<~ard •mor!gogre c.ause a s~ch othe~ ct~use as tne M4~~yegae inay ~equ.re, maling ~he ioss u~~Jer i.+~d poli-
c~rs, each and every, pa~ab:e to said ~.tOR:GAGEE as ~~s u,re~~:st may appear, and raih and e~~.y s~ch pc::cy !hd~l br prGnptly assg~~ed a~~d de~~~crrci ~o
any hald by said /~F~ORfGAGEE as fu~the~ aecvrity to so~d mortyage Jebt. and, not leu ~han ten ~tJi da~s ~n ~d+sixe of ~he e:puat~on of eoU pofcy, to dr ~
E,~er to said MORiGAGEE a reocwal thereof, toge~her wnh a rec_~pt (a ~h~ prr~f~;um of such renrhai; and ~here sF+all br ro i~re or w~udsto~m insurante
p!eced on any oi sa~d b~ildings, any interest therein or part the~eof, ~n;rss ~n she ~onn ond H,i~h ~he Icss payabte as aio~esaid; a~d m the event sny s~m
of money bccomey payablc undcr i~ch policy w po6cies s~~d MORTGAGEE thall have ~he opt~on to rrcr~ve and apply the san~e on acco~m of the indebtzd-
nrsa aecured hareby o~ to perm~t sa~d IAORTGAGORS ro rec~ive a.~d use it w a~y pa+t th~-:~~of ior o:i~.~r H~r; aa~•s. ..~~no~t ~h,•. u: ~.v.,.~ y o~ ~~,:p„r-
ing any equ~ty, 1]en or r:ght under a by virtue of th;s mor;gage; end in the evrnr sa.d MORTGAGORS shall ;or any reason ta~l to kcep the said prem~~rs so
~nsurad, or (ail to deGv~r pranptly any of said poGc~es of insur3nce to said MORTGAGEE, o~ i~i! promptly to pay l~11y any prenu~m Ihereta or ir any
resp~•ct (ail to perFwm, discharge, exe:utr, effect, con~ple+a, co~np~y with and a:,~cie by th~s tuve~a~i, or any par~ hrreof, sa~d MGRTGAGEE may p~ace a~~d
pay fw such insurance or any pan therraf v.l+hout vvaiv«~g or affect;ng any oprfon, tien. equ.ty, or ~;jM under w by virtue of this Mwtg~ge, ind the
I anwu~t of each and e.ery such payment shel! be immediately d~e and payab~e a~~d sh~•it bear ~nterast from the date ~hereof w~nt R~~d at the raie ol
~ e pc~ tentv~n fer annu~» a~td to~rtF.~~r v~i~h s~ch inte~c;t sh.;i. ;>e src~:ed Uy ihe :ien ol th~s mortgage.
J. To permif, commit or suffer no waste, impa~~n:ent w doter~orau~n ol s~iJ p:c~k~ty or any parl thereof.
5. To pay all and sing~~ar rhe costs, charges and eapenses, ~nciuomg a ~easonab!e attomey's ~ee and coa~s of abstracts o( title, incurred w paid at
+~y tim.e by said h!GRIGAG.E, because or in the evaM of tho fa~tu~e on ri~e part of ~ne sa,d b10RTGAGOR ro duly, pro^~ptiy and fu~ly perlam, d~scnarge_
:.ccute, effect, comptete, comply w,th and ab.de by e~cn and every Ihe stip~la~~ons, eyreen:rnts, cond~t~ons, and covenams af so~d pro.miswry note and this
o:tgage any o~ either, and se:d cos~s, charges •nd e~pense:, each and ev~vy, sha~l l,a in;~n~d~ately d~e and payab:e; whethe. o~ not there be noric~ d~
,.;s~,d, attempt to colirct or s~it pend~ng; and the full amouni ~f each and eve~y such pa~•meM sh~Il bear i•.tcrest irom the date thereof until pa~d at ~he
nme pe. cc•~it~m ~:ar an~:u..,; anc ai: sa~d cuus, ci~a:~es a~.d ~x,,..~~:s:s 1rxv,red or Ha~~, toyrlh~r w.~h such n,terest, shal~ be securad by the tien o1 this
~r.ertgage.
6. Thaf (a) in thr event of any breach of this Mortgage or defaulf on tM pa.t ef the N:ORTGAGQR, or ~bT in the evenf any of sa:d sums oF mo~ey
hc~ein referred io be not pranprly and ~Wly ~~a~d w~~h,n ~h,.ty ~30) dayi next afr~r uie san~e se:e~atly becume d::e end payab~e, witt~t demand or notite,
•,c) in rhr event aach artd e~ery ~he snN~'a~~en:, agreemeots. cor.d~t~ons ar,d covenants of sa.d prom;swry no!e and th~s mortgage any ar ehher are no1
a~~:Y p:o,nptty and tuily p.~~(arrned. da~ha•g_el. r~~•:ured, e(fxr~~d. corn~~~eted. co,~~i.~~.~~ v:;~h a«J al:~drd 5y. then ~n e:ther or any such event the said ag
,~:~~a:e sum mzntioned in sa~d promissor}' ncte then rema~n~~ig ur.;;aid, ~v~th lntrr~•,t ~ccr~rd, and a~i mo.~rys setured iiereby, sha~l betome due and pay-
.ir e iorthwith, or thereafre., a! the o~~rwz c+ s.,~d ,'dORTGAGFE, as lu~+y and comp.e:e~y as ~1 afi ef ~h., sa~d s~ms of money were ongina:ly st;pu~ated
~'t~~ pa:d on S~ch d.:~, a~ythir.g ~n sa u pr~ ,~,ss^ry note or in this tilortyaga to the con+~a~y ~wh,rv~t{u!ancl~ny; and thrreupOn Or therealter M fhC OptiOn Of
s•,i MORTGAGEE, withcvr not,cr or der.~.~~:d, svit a! iaw or in equily, +hcrefore or therraiter kkg:,n, may be p~osewted as if sll mo~eyf setured hereby
d R~at~red pr~or lo di ~n3~ilulion.
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7. That in the event ;~~ar at tns bey:nning o( or a! any hrne pendiny a~y s.:~t upon this Mongage, ot to fo~eclose if,-o? to reform it, o? to eofo~te ;
,.,;~,.-~nt of any ci.,~ms hereu::d~r, sa~d M,URTGAGcE s~ai~ ap}:ly to thr Covr~ h.,,;•:~ ;;;:~;ci;±wn f1~_r~of for the appo~ntment of a Receiver, such Co~rt shafl
•,~;sh ,rrc:nt a r~-;~:~.~r of ;~~d o•;ya~~c3 NruF.~~ty eii a~id s~~~:,iar, ~n:;va ny a,~d s~n?,,~ai tF.e mco+ne, prof~~=, issues and reven~es t~om whateve?
~.~~:e drrived, ea:h and e~ery of wi~.c ~t 'veu:g et~r.css'y ur.ders'cvJ, u te:•_by monq:~g:•d as speaficai~y set forth and desuibed in the g~antiog and
1_~_ndum c'auses hereof, and :och Rcce~+cr shaif hava ai! the brcad ~nd riiec~:vr t~r.c~ ons o+id pov.erS in anyw~se entrusted by a Court to a Recaiver, and
s. ;h ~ppointn-ent shall tx• n.ade by si~ch Ceurt as a~ ed•n~r.~,~ cquity and a ma!ter of 3bsort~r~ right to sa~d KORTvAGEE, and wiihout refere~ce to the
a.,~ty or inadeq~acy of tl;e va:~~r of the property mor.g;ged or t~ th~ so .<n,; ~r •~.;e~vency of sa~d MORfGAGOR or the defendents, and that such
~~s profits, income, Issues and re+rn~es snat! ~ app~~rd by sucii Reteiver a:tora:•~g r~ ti-.e :ien or equity of said MORTGAGfE and the practice of suth
~„rt.
8. io d~'y, pro.~t~tly ard iuify perfor~i,. d;s:harge, etrcute, effec!, c~:-ps~t.~, cu :.p~y w:+h and abide by each and eYery the st~puiations, agreement:,
-1:~~ons dnd :ovc~ants :n sa~d prpmiSSOr f ncte ar~d th:s mortg~3e set forth
9_ Teat ~n the ev•_r.t the cwne•sr~~c ef *he mongaged p:e:•~~ses. cr a~~y ; art !nrr~ci. becomes vested in a perwn other ihan the MORTGAGOR, the
R:GAvE:, i~s wcc-sscrs ~r,~? 35:~.^.rtc. ^~,j~, 1Yf•ho~•t no•:;~ 1~ er~~ ;/.~~~Rt~ApR, deei :.~th .~,ch successor p s~~ccrsso* in interest w~th refere~ce to this
;~ge a~.d rh~ d b! !.._..e:,~ r~d rhe z~:ne r~a :ar as r.~~h ;1 tg.,gc~ .,,;~}~out i~ way vn:afing or d~schary~ng the RAortgagors' tiability here-
' or up.on th~ d•bt n.:c;:v sct:r~d Ko sa.e of ;.•en.~s~s herw; merty;,grd a^d no fero~arartce on the pari of the MORT~aAGEE or its sutCeswrs
:,ssigr.s and no exr~ns o~ oF ;h~ timr fo• the Naymenr cf the deb• t~_~:rt,,, sec~.ed g~.en by t6e PJIORTGAGEE or its successors or auign3, s.~all operate
: r_ eese, d~scharge, mod~iy char.ge or aiEeu tt~e o+iu~nai liauii~ry of rne M~OR7GAGOR ~~erein, either in whole or in part.
10. it e; spec ficaliy sgreed tha~ t;::~r is o( the rsse~ce oi tt~~s caitracf and N~at no waiv~r o( any obl+gation herevnder w of the obligation so-
__~ed hareby s~.a1i at an~ ti^ie thereahe: 6e kefd to be a wa~v~r ef the terms hereci or of the instru:nent secured F~by.
t l. fn a:ld r.v i~r~.,_~: ;e., ;:al r.-^:s et p:~ ,c pa' s-~d ~•nz:,:;r ro1v: ed by the prc~n sscry no~e s,cured hereb~. marigagar eovenanis
j a~rces t~ pay to n:or~g=.qee Y.I1ti @drh r,1Gl"~1 ~I i;~,~ :znt an ~~sd•~ c•:j~ SL'~ 25?""d~CC~ b/ ~11pl~gd~CE' ~O be equai to 1.' 12 of the annual cost of the follow-
A-A1f ~eal Nroperty taxes ~e:~•:: or as;•:ss_ci ogaits! tnc ai~ove desri~.~d rea• esN~e.
6--Fr_n,;u: ~s c:i f:re and w:.^,dst-rn~ ir.sur;u cr as i~e•c;n rcq,;:~ed re br :ar.:ed e~ tne tT~10J°T,Q:1T5 s~tuate on the above daxr.bed premises_
C-Prr•~•~~~rs c^ <~~cn m.rr~;3e gua~i•~~v icg;~r3: CC as me•~gag~e sn=.i fro~. t:. to ;i•ne deem fit to carry o~ the loan setured hereby.
rlortgagee s^~'~ '~om tu ti.~:~ no•~f, :-.~.rr~a~_r ~n hrinng cf the a~.o~ot du_• and p3yable hereundr~ and wch surn shal! thereupon be due and '
'i :.e on thc dur cere of the nvxt ~~.ont^:~ c•a~~r~~rn a«d ~,.ch wu_ssi.e Ton!h tf~c:eait~r until mcrtgagee shatl notify mortga~or of a change in suth '
,~r. $~ch w~~s s!:3:1 i~e app;;•_d 'oy n•o-~g;;-e ~o.,,a•o ~ha pa~ment cf real fro~:~rty taxes, insurance prem:ums, and mortgage guaranty inwronce ;
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1'V IVISPJE55 :':NERiUF, th•_- sa~d A'~UK;G:+GOR has h_re.,-lto se! n~s har:d and se3l ihe day and year int a wesaid. ~
f ~~g , Sealed and dei'eve~ed in the presence of: ~
! - - f1lEG r's. ~tL .:t0E0 ` - "~i
E St_~~{:,= vOUwit Fl~. t Earl V. Armstr ng I I ~~a~~
€ fii v't i^?" i ~R.'. ` (Sea~
E ~ c~~f~r. co:;RT
s ~j ~r~~.,....__ .~r; Seal)
i y~s _ ~ _ . Kathleen strong
~7j---- Seaq
f OF FIORIDA ~y 3 56 PM'7~
~ ,~_:rr oF St. Lucie ~~S`7vS
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~ eefore me personaliy appe:•red Earl V. Armstrong I I I a~
~ Kdt~11E@Il Armstrong his wife, to me well known and known to me to be
~ •_:~d~vidua!s desa~bed in and ..ho executed tFse foregoing instrument, and acknow~edged before me that they~executed the same fw tF~e purposes
' Kathleen Armstron
j •e:n expressed. And the said-___ 9
~ ~ ot the sa~d Earl V. Armstzong III upon a separate aed pr~wte
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•~~aron by me t~Len seperate and apzrt from her sa~d husband, acKrwwledged ~o and before me that ahe executed said instrument freely and voluo-
9 ~ and wlthovt any compu'sion, constrainr, apprehens:cn, or fear of or from her said husbar,d.
£ V11TNE5S my har,d and ofjic~~i seal rF~:s _ 16th da~ of MaY 75
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' Notary Public ' an or the Siate of Florida at L~rge
r My Commizsi eapuer
Retu~n To: t!..• ~ ;
; ~ , , . . 01 :c•a~
Y :'~s; Federal Savings L Loan Associa!!on , i ~y~~
~ Of Fort P_ rc,•. 6:.rdr.. . ~ J,
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: J"~fY J.
~ FOfI PI"lCt. ~1:_•I(il _
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This Instrument Prepared ByGary F. Ellwood ~
~ First Federal Savings 8 Loan Association
= of Fort Pierce~ Rlor ida
; Checked By 800K~~ ~A~~~7 ~ •
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