HomeMy WebLinkAbout1950 3. To p~ace and <on~inuovsiy icr.:p on the b4~:d~n~s now o~ hereafrer u~~ete cn said ~and and on aU equip~nem and pers~nally co.er~J by ~hi~ mo~~g-
~;a, w~~h all premwms +h~reon pa~d ~n f~d, i~re ins~ro~ cr ~n the ~eual iter.d.+~J Fo:.cy lo~m, in a s.+m arN~o.rd b~ the MOR~v:.GEE, and wmdsrcrm
;nsurante ~n ihe uiwi ~~a~~da~d poi=cy fonn, in a:um aNproved t,~ ~he MORiG1GEF, in such company o+ co+npan~es as ~he MOAiGAGEE may
d~rrc~; a:~d all (ire and w~nJs~orm insurance pol~c~~•s on' a~~y of si~d bui~d~~~gs, any inte~e~t the~ein or part d~eceuf, in Ihe aggrr~a+! sum aiwesaid o~ w
in e~crss ~hrreof, sh~lt :onia~n Ihe ~su:l s+a~~d,rd mort~agee daute or such othrr c~ause as fF~C Ab~tgagte may tFyu,rs, maAing tt.e loas u~~de~ so.d poli- ,
c cs, each and e~rrry, pa~;b!r to sa~d ~~l~~RiGAGEE ~ts ~~~tcr.st rnay appear, and e~ch .,nd e~~ry svch po:~c/ ~hall be promNtiy a~sy~~ed a~:d de~iverrd to •
an~ heW by sa~d RIORTGA~[E as (ur~her sec:,r~ty ~o sa~d mo+igoge drbt, und, not feis ~han ten ~1~; deys in ad+ance of tlx exp~r,hon o~ eech potlcy, lo da '
I.~ar to sa~d MORTGAGEE a r2~Mwa1 therzof, ~oge~her with a rrcr~at for ihe p~rn~ium of such rer,r~~l; an~ thr.a s~rll be no fira or windstonn insurance '
p~.+ced oe~ sny of sa~d buiW~ngs, any interest ~here:n or pa~~ ti~~reof, ~niris fn ihe ionn and wnh ~n~ ~css payauie as aiw~.e:~; and in ~he evEnt any sum
e~ money becomei payab~e undrr wch ~tity a~wLc~ca sa~d MORTGAGEE shall have ~he opt~on to ~ece~ve and apply the sa~ne on accovnt of the indabtcd~
ness ~~CUS.;! ?wrnby nr 1o per~ni~ S3~d A1oRTGAGUR> >o fcC2ive and uf! it Or dny •t tn•~rrof IGr u0i~~~r ;,ur~~:.srs, ~v~~h~~t Ih~=~,~; ~n~.:~.~ or ~mpair-
~ny any equ~ty, lien w ryht und-=~ or by virtve o4 tA~s mo:'gage; and in the event sa d MpQTGAGORS shafl tor any reason fail Io kcep the said piemis<s so "
nsu•ed, or fai~ to d:~~vc~ pranptly any ot s~~d poGc:es Of insurance fo Sa~d MORT ,:1GLE, or (a~! promptly to pay fulty any premi~m therefot w in a~y
•rs, ~-ct fa~I to perform, dlsch,rqe, execute. eflect, comp'rra, co:T.ply with and ab~de hy th;s cavcn~r~e, or any pan hareof, said htpRTGAGfE ~nay place a~d
;~,,y for such insurance or any part thereof v.~ihout waiving or afFecting any op~~:,n, I~en, equay, or r;~h+ v~~de* w b~ virt~e of thls Mortgage, and th~
amouot oi ea;h ard e.ery s~ch pay~ent ahai! k~e im:nediateiy d~e and payable a~.A sha~l 6rar interest irom the da!e thercwf until p.,;d at the rate of
r i,er centum per a~:nu~n a~,d rn:y_•~+„r v.~rh a~~:•~ in~rrrst ~h„i; src„rrd by the l~en of th~s murtgege.
To pern~it, comRiit or euEier no waste, urpa~rment ot deter~oret;cn of s;u~d property w any part thereof.
5. To pay all and singu!a~ the costs, charges and expenses, indun~~g a reasoneF,!e attwney's (ee anJ costs of absnacts of tit!e, incur.ed or paid at
ii~~,a by s~+d A10R1GAG°_E, be:ause or in thz evrnt of tn•~ ta;.ure cn the eafl o~ ~hz said MGRTGAGOR to d~ly, promNNy and fully pertorm, distharge,
z,,;~•te, effeU. comp:~te, comply v.~~h and abde by each and eve~y the st~pu:a~~or:s, agrecmonts, condliions, and covenants of sa~d prorn:ssory note a~,d this
;•rq,ga any o~ e~iher, and s~:d costs, char9es a~~d rxpe~s»~. !atti r~d ~very. sha~I ba in,mrdiately dua and pjyable; whether w not there be nonce d~
ane~npt to co lect or suit pend.ng; and ~hc fu!1 a~nounf of each and every such ~ayn~nt shali bear i,ucrest f~om ~he date thereof untii pald at th.
n.~ie per cr.~~~•~~ ~•..r ~:~:~,.n; or~! sa:d :os's, char~es and ~-~~~•~~s-•s ,ncurred or ~aid, toycthrr vv~th such inrrrest, shail be setured by the lien of this
n,: ~ tg sge. - -
b. That (a) in the event ei any breach o( thls Mortgagt o~ default on the part of tf~e MORTGAGOR, or ;61 in the event any of sa;d sums of money
t~~~;etn ~eferrrd ro oe not pra•~pily anA t~ity paad w~~hin thuty ~3J1 days ne~t a-~•.r ihe same sevc~atty become due and payabte, witlwut demand or,notice,
.:i in t~r even! each and every the Slip~:ationi, agrrements. Condilions and co.enanrs of sa.d promisaory note and th~s rnortgage any or either arc not
y, pro~nptly an~ i~,!:y ~x~rlor,n~•d, ~i scF:a+g~ ci. ex_;u~~~d, ef(ectrd, cu,^+;trt~d :rd ~v~th and aF,~drd Sy, then in e~ther or any such eveM Ihe said ag-
a!e sum menho:Mt~ in ss~d pro~~::ssor~ rrote thrn rrma~nh~g ~npa d, w~th in*.crest accr;,~d, ond aJ rn:.neys secured hereby, shall become due and pay
_ forthwirh, or ihereei~c~, at the cpT on cf s:.~ !.tORiGAG~E, as fu~ly a~uJ com,~le~r~y as ii ail oi the s~~d sums oi money were or~gi~a~ty st~pu:ated
pa.d o~ such d;.y, a~iyfh[r.o ~n s~.ci prc:~~~ssory n_.•~ or in th:s M~rry3ge ro the conrrary no~w~+hsrand~:~y; and the~eupon or thereaiter at the option of
~.ci t10RTGAGEE, w~~no~~ :.ot~ce er den:a~~d, s~~t a~ i~w o+ in equ~ty, rhere:u~e or ~herratter beyun, may be prosec~ted as if all moneyt secured hereby
~ :i ~natured pnor to ~ts insir~Non.
7. That in the evrnt rt~at at thr bryi:,n ng of or at any iime per.ding any su~t ,,;_on thls tEortgage, or to fweclose is, or to reform it, or to e~forte
of any c`.•;ms ~ereund,•r, s~~3 ,Y.uRTv:+Gi' sha~l ~pNly to t~e C..urt ha.~~•g ,.:~~s:f cr:an ~I,~~eoi for the appo~ntment of a Receiver, such Court shall
rtn ;ppcvnt a re.e.-%er ef s_ i~ r,~•~g„~~~d c+ep_,ty a!t and s:•~y~~er, inc'vd~ng ~,i .u~d s•:r3ular t'r e irtcome, prohfs, isfues and revenues from whatever
. co~~:rd. e~:ch and e.c*y oi y~~uch, rt ne,ny .,F..rss'y .,ndrrsiwd. is t.ecei,y n:-~~q~.~:d as ~f spec,fically se~ forth and described in Ihe greming and
t~!~r^ c!avses he~.uf, ,e~d s•:ch R~~cei.c: siui~ }ld':° d t tne brcad and eiiec•ive fu• .,,s and powers in any.v~se entrusted by a C~urt to a Receiver, and
..~~,~Fp,>intme~V th.;ii be mide by sv;h Cu~rt as e~ ad~nis!rd eq:.~ty a: d a r~:a!rer of rbsu:u+c rlyht te said NORTGAGEE, and withcut re(ererxe to the
~cy or inadrqvacy of she vai~r of tha prCperfy morigeged or fo the so.vc•:ei e• ~•~o'vency of said MORI~,AGOR or the dei~ndants, and that such
~ profits, income, issues a~*~ revenues sha~i be ~~:p~~ed by s~ch Recerver atwnl ~:g +u tne Gen or equrty o1 saod MORTGAGEE and the practice of 3uch
_~~rt. ~
8. ?o d~~:y, prc~:~~tiy 3nd ~u+~y pe~;orm, d~s~~~+rce, e~ec~te, effecr, ~e-.~piete, ccnuiy w;~h and abide by each and every the stipulations, agreements,
i.~~inS dnt~ CJ+rndMS ;.1~~.: (:tomiSiO: /:'•U7E J^~ tn~.i ~•:~tiydJ@ S~4 lOfth.
9. '.ar ; r6~ e:~...~ •~.e o± t:,.. ,..L•s,<g_d E,r.•., .se;, e~ an~ i,ar! ti,en L•~~co•nes vested ir. a per~n other than the MORTGAGOR. the
~r,:~;~Er rs s-: c;s.~s •rc: =•s v. ~z rr.•~ ..,~.?;:';?;2, cc~: h:'h _•,ch succe:sor er s:,ccesso• in interest w~+h reference to this
.;.]e a d~t::: d_ct t. _:,i s_•:ored~.~~ *c: r,.~•,r.:•r ;s r.,•h t. ,,;t~ago. w.+h~~? any way vit'ating or d:scharging the ldorsgagors' {iability here-
~ or v:~on t~e d.:nt L..:eu: s,.:~cd r:_, sa`.r u~ ~ e •;s.,s h.:,:.by •norrgagrd ard no Fort~rar.:nce on the part of the fhORiGAGEE or ~ts successors
. ~~~s ~ ~d e. : , , o! ~i-. _ i.~• ar ~ .t _ } ti=_. d,-6~ h~ _ scc~rcJ q~.•en b~ ~T . ;uccessors or ass:gns, a~~ati operate
_-~:a. d~schs~gr. •3,.~d.+~ _:,y,y.= o~ ~'ir_ct tve g~:~af i~~a::+y oi !~e~ ./NVRIGAGOR heroin, eitl~er in who:e or io part.
10. 1! Is s;.ecs~: ~ I~ ::^y~e•=d ~~:a+ ne o. rssr~ c~~ oE tF~s co•~t.act and that Ro waiver of any ob~~gation hereunder w of the ob~igation se-
,•.d harrb~ s~~al~ an~ nc.~ ~h_:_.~e~c~ c: t~e:d to b~~ a v~~~:o: oi tne trrrt~s F:ercof or of the instrumem secured he~by_
1't in ;oci,t~~ : ca t~ ^+ore r~. ~g n:oclh'y . ats of pr~:~c ~„1 ar,d i^,•rrest reG~::~ed hy the prom sscry no!e se:ured hereby, mortgagor eovenanTs
,;~r•.es tu ;:~+y ,.-~,3 ,,..:...,c, y~ . a~ c~~a: sv~n ~~ed b~ n,e;t~.~gee to F~ E:iV3~ f0 1' 12 of the anr}ual cost oi the follow-
A -A!t rea! ~:rop. •t. t~x,s 'r. c- _:s•-_._:i _ , :r tF~ _ et.ove d-:sc~ d , ,a? est.,t~r. ~
$ Pr.,; ~rc .::s•_-•, ,r,~-_ c.~ c~. r.:G_r_d f„ 6•: ca•-~~ri c•: th,, ;mprov_mears s~tvare or. ti,~- o:,vve d~scribed premises.
C-Prer ~~•rs o~ sich ~~r.rr~,g_ a~ara•:ty es rr,crtgag~o sha':I fre !I:~:., ro .e deem fit to carry an the loan secured hereby.
:.'0~~3;3.-e sh; ~•n to n.. __,;,g~r ,r. r.r;r~ng o,v d.,,- and payabie herr~ndrr and s~ch sum shal) thcre~pon '
of the ar be d~e and
r cn th~~ d,e oi tFa •~-~t ; F~.,~t...•,t a•~d e.~ct: slccessive mc•Th the.~har ur.~il mcrtgagee sha!I notify mortgagor of a change in such
S~ch sums s~:a : u~ arpi~~-d by ~no.~g3~~ _ oo:..~•~+ ~ter ;;a,meet of real property raaes, insurance prem.ums, a~:d mortgage guaranty insurance
; ,~,s.
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~ IN IYIT;JESS '.'.:i~R<<' fi:e sa:d t.,;~RTGf.~Qn Fas F=r~unto ses his hand ard sea; tne day and first afore ~ 2
~ , Sealed a de" ered presence of: ~ j ?
! _ - - fll~;) R`_t;:;~:JEt? ~ ~ ~a~
~ - - ~ t}~;~ :.J'~'1 i Y FLA. _
pi~G_ ~'.inAS RT ~ aq i
~ CL - _ ~`'~i C4J ~ (Seaq r
~ i _e!±~~~ -a _ V_ - - - - - - - - j.c~ , . , 15ea4
~ - =•T~OFfLORIDA YA~'y 3 58~~'~~
~ ~~11 ~~~~89
9 ,'~TY OF __SL_- 1"llClf.'-------
~ 8efwe me persor,aiiy ap,eared __F , !~'t7 1 iCii1.~T1 _ and
~ Charlotte V, ~~'hiteman his wife, to me well known and known to me to be ~
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~ i:dwidva'.s desc~;L-ed '+n ar,d who execu~ed the foregoing instrument, and acknowledged before me that they e:ecutec! the sarrse fot the purposes
~ Charlatte V. ,+'hiLeroan
n expressed. And tF.e said____________ »
i . ~ of the said I'_'_ D._ h'h i teman , upo~ a separatt and private '
~ nat~cR by m.e t;ken separar and apart from her sa;d husba~d, acknowledged to ared before me that she executed said instrument freety and volurr
q : an~ w~~hour a~y comp~l5~on, constrair,t, apprehen/s:on, or fear oi or from her said husband.
~ YdITthESS m hanci and oific~a~ seal tks_ _ ~ tija 75
' Y __.L~ _ _ day of A. D. 19
Notary Publ' n for the State of fbrida at large
My Commis ~ e pires:
: Re'vrn To~
!7o!7r~ Pv
:•i;. Sta1e of Florida ot iarge
ti r:rst ~ede~al Sa.~r•~s b Loan Auo:~~t.on n~' Lor~~is~p~ Exq~M J~h Z~. ~qn
Of i~..} p::~.,
i Forr P.~•.re. F~<:•~d. Borrled by Americon fire d. Cusuelty Co.
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~ This Instrument Prepared By John la . Co 1 1 i ns ~ :
; First Federat Savings & Loan Association - . ~
~ of Fort Pierce , 'r lor i ~a ' ' - , ~
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A 0R 1
~ Cnecked BY - 8flOR239 PACF1945 - ~ . ~ : ~ . ~
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