HomeMy WebLinkAbout1954 9. To place and continuousty keep on the bui J~n~s nuw or hrrrafte~ situste un srd ?and and on ali equ~p•~+enf and personally co.er~d by thi~ mo~~g-
ege, with ail premiums ~hcreon p3id ~n i~ll, f~~e inn~~ar.cc ~n ihr uswt stenda~d po'~cy iorm, in a s~m aH~roiad by tha MVR~G:.GEE, a~~J w~ndatorm
;nsu~ance in ~hs uwat srandard po!~cy fu~m, in a wm aNproved Ly ~he MORiG:.GEE, in such_ conzpany or co~~,panies as ihe MORlGAGEE may
d~recr, and sll (irs and w~ndstonn insurance po~rc~~•~ oo any of sa~d b~ilv.~gs, any intereet thrrein or pa~~ ~he~rvJ, in tAe ayg~egate sum ~fo~efaid w
i~ e;tesa ~hereof, itiall :cnte;n the ~w~l sta~:dard mortga9ee dause or such oiher ~:,use as Ihe Alongagae may requ~ro, mak~n9 tF~e Iosf ~nder sa~J polN
c~r:, each and avery, pa~ab!e ta said AWRIGAGEE as ns ~nterest my~ apperr, and c~d~ and eve~y such poricy sha~l I,e p~omytly aisy~+ed and deli+ered ~o
eny held by sa~d MORTGAG(E as (~rther srcurity to sa~d mer~yage drbt, and, 1101 IESS +fian ten (10) days in ad+ance of ihe expiret~on ot each pot~ty, lo dr
~.~ar ~o said MORTGAGEE a rencwal Il r~roF, toge~he~ with a roce~pt }or the prrmium ot such rene~nal; and ~here shal~ be no t~re o+ windsto~m insurance
p'eted on any of sa~d bu~id~~gs, any interest thrrein or pait thereof, un!ess in the fcnn and with ~he Icss payab~e as aloresaid; and in the e.ent any sum
of moaey beco:~es payab!e unde~ such polity or pot~d~s sa~d ~AORiGAGEE sh~~l hsve the opt~on to receive and appiy the same on accounl of the indebted-
ness secored her~~by Or to F-nnit Seid MORT(~iAvOR$ to ~eCrive dnd use it M an~ p:,•t th~•:rol for o7n~.r p~rc,ciei. -a~tn•i.:t th.~~~.o: .~,:i~i~ ovp.;ir-
~r~,; any equ~ty, licn w r~yht undcr ot by virt~c o( th~s mc:t~age; and in the evrnt sa~d MOBTGAGORS shaU for any reason fail to kcep ~he s~~d wemis~s so ^
sorrd, ot feil 1o de!ivar p~o+nNtly any of said p:.i~t:es of ins~r~rce to se'd 1J~ORIGAGEE, or fail proihptly to pay fully any p~entium therelo~ or in any •
rrs;~~t fail to pe~Form, discherge, eaecute, eflect, con~p'etr, co~r.ply wirh and o~ide by this tovenan~, or any part hr~eof, said MORTGAGEE maY piace a~~d
fw such ins~rance or any part thereof withoul vvai•r'ng o: af(acting any oF~t~an, ~ien, equ~ty, o~ r~gl,t und~r or by virtve of this hlwrgaye, and the ~
a~nount oi each and e.ery such pa~,nr~ sfiaft be im~ned~ately due and parabte ~nd shail brar interes~ irom tha date thcreof until paid at the rate ol
r per t~~rum Fer annu~~~ ~:~d ?::q~•ti~.:r ,nith s::ch inn=r~s• sh.~G c~c:.red t~y ~he I~en o( this mortgage.
d, To permit, commit or sufter ro v:.iste, in:~anment or detrnorahcn uf said pro}.erty w any part thereof.
5. To pay a!I and sing~lar d~ coah, charges and e¦penses, incl..di~x,~ a reasonab!e attwney i(ee and costs oF abshads of titie, incurred or paid a~
~~n~c by sa;d MORIGAG`_E, betause o~ in the ert~t of th>_ f~:lwe on the po~t of the saad RSORiGAGOR to duty, p~ompNy and fu~ly perto~m, dncharge
.ecure, effect, compiete, co~nply w~th and ah:de by racn and every tfie st~pulaucns, agrren,ants, condnions, and covenants of fa~d prO:nissory note a~d this `
,r.gage any or e~~her, and sa.d ces~s, charges a~~d ax~?~~ses: each and every, shail kx ~mmed~atety due and payaUe; wherhe~ a not there be not~ce dr
c!, atte~npl !o coliect or su~t perx~~ng; and :t~e full a~nount o1 each and every s:,ch payment shali bear ~nt~rest from the date tF~reof until pa~d at Ihe
' mne per cenr~m ~rr o„ e~ci a;i s~:d cos:s, c!~a ges an~ ..x;:ei~s~s ~~xv:red or po~d, to~ether w~th such interest, ahall be secured by the I~er of this
r. tg age.
6. That (a? in the e.•enr of any brcach of t~~ts Morrg,~g~ or def3~Ir o~ tFw p~rt of thc MORTGAGOR, or (b) in the event any o( sa~d sums of money
t~,:ein refer~ed ro be not proc;Nrty and t~lly paid vn~hin th~rty i3J) diys nexf er~er the same severa:Iy become due and payabte, without demand or not~ce,
~r t? in tht evenl eath ar.d every the stipu;at~ons, ayreemeNS. .o~:d+7~o~is and covenants of sa.d promissory ~ote and th~s mar~gage a~y w e+ther are not
i.'y. :;romprly anJ iu!ly ~ rforn~ed, J v:nxg~:d, e,ca;~ted. effrcttd, cwr.p'et_d, w:np~~ed vwth and ab+drd 5y, then in elthet o~ dny such eveM tht sa~d ag
?~c~a+a sum mrnrioried in se,d pron,~ssory nore then rema~n;r.g ~rpa~d, xuh ~n!e-r:~ accrurd, and a:{ moneys secured hereby, shal! become due and pay-
r• f~~thwith, w thereafrer, at the epr:on a~ s.,:d A5~R1GAGfE, ca fui~y a•.d c~mN.rtely as if ail of th~ sa~d s~ms of money were or~ginally st~pu~ated
: t,•~ oa:d on svch day, anythir.g in ss.d pro:n~ssery ~ote or in th7: tAo~tga~e to ti~e contrary notrrithstandu~g; and thereupon or thereafter at the option of
s~:! Y.~ORTGAvEE, without nonce or ~rmand, su~t at !aw or in equity, therefo~e or thercaF~er begun, may be prosecuted as if all moneys secured hereby
.~,S rt13~u~Ct~ Pf~Of ~O ~t3 mSt~tut~On. y
7. That in !he ever.t tt~at at tna be~ginning o! or at any time pend~ng any s~~t upon this Mortgage, or to foreclose if, w to ~efo~m if, or to enfo?te t
.•:•^~t of any c~aEms Aereund:r, sa~d l:I~~RTGr.~cE sha~! apply ro the Ccurt having ;~r~_J~a;on th~reo4 for ehe appa~~tmem of a Recerver, such Coun shail ~
:.;th apy:o;nt a receiver oi s.,~d morig~~ed prop~ -ty a„ and s~r:~oia•. ;nd~d ~g ud a~,d s~~,~u:a! ~he ~r.con~e. prof~~s, issves and revenues from whatever
s.__ der:,ed, ea;h a~.d every of v.h ~r tx~r,y ..press+y „nderswod. ~s t~.e•e-oy mGrt3a~_O as ii spec,`~ca!ly set fonh and deseribed in the granti~g and .
.~•:d;,m c!avses hrr~~f, and s~ch Recei.cr shati have a:1 ~he bro;d a~:d etfeu~~e f~ncr c~~s and puwe~s in any,vne rmrusted by a Co~rt to a Recaiver, and
~ ~~poointme:N sh3G be n:rde by such Co~rt as an s;i~m:ted equity and a r.~.arer of rbso!ure r~yht to sa~d NORTGAGEE, a~d wi~hout referenee to the
,cy ar inadrq~3cy of th.r va~~e of the prQpe~ty mortgaged e~ to ti~e so.~ency or ~~,so:vency of said MORIG.~GOR o~ the defendants, an~ that such R
~s profii~, incom.., issues and revcr~es nha:l be appl.ed by wch Rece~ver accord::~g to the lien or equity of sa:d MORTGAGEE and tiie praUite of suth
~__~t. f
3. To d~!y, prompCy ard fc:~y };e'torm, c},s.~~arqe, exet~te, ef'ect. corrp~~te, co •~p~y w~th and abide by eath and every the stipulations, agreements, ~
.ns an cov•-t,ann ~n <.~.1 ecom~ssory ,~orr ar,:i ~n.s n~~rtgage s~•t fortt~.. Y
9. :ar rhe ev~_^t :he ~,v~~•st.;,: ~f tf,e n~orrg.~~ed y~o-~,~ses, or a:.r part therecf, beco~nes vested in a person other tha~ the MORTGAGOR, the
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. '~AGEE, in s~~c:~sr:-s a~xi a~s _r~s r a;, „~•ho..~ :,ot c~ !o +h: :tC~ iG=•OR. dea; .vitk wch successor or s~ccessw in interest •r.~th reference to this
_;~gc ar.d :~~e d_bt I:ereb~ sec~r~-d ~r the s_.ne ~•~r:r:cr a= n~~h .`.'or!g.~go~ w+th~ut :n any way vit:ating or dntharging the l~ortgagots' liability hero-
o: ~,on the U_~br h~rre~/ ,~:_~:ed. h;o s:;e of :he F•~~~~.;•~; E,_-~b~ n,~,ric~aged ar.d no ferbearance on the part of the /AORIGAGEE o~ its succeswrs
asz9ns and r~o exrens:o~ of ~he te~,.e !ot the F:aynent of thE deF,! hc~_::y <_ecu~ed g~ver b~ ihe ;l.OR7GAGEE or its successors or assigns, s~w~l operate
. r•r rdse, d.scha~ge, m.vd~sy change or afiect tne or~y~na~ ;~a~.;~ty of thr N.GRiGAGOR iiere~n, either in whole or in part.
lU. It is spec:fice~~y ~greed ~hat time is of ti,e rssecce of th~s co~~vact and that no waiver of any o6l~gation hereunder or of the obligatan se-
.:ed hereby shal! ai ar.i su•:e ti,~~reahe~ be he:d to be a w~;mr of the !erms F.=r?c;i or of the instrumeM secured herby.
1 i. In :,ud.•.:~ ro '':e ~er;:~c ,r,~~,th'y ~aay ,-~rs or ;:r~~ c;,a~ ;=r.d ~nr:•rest requ:sed by the prom sscry no~e sec~red hereby, mortgagar eovenants
' i:~*_~es to pay to r:o-t~~g~e •N~!h each mc~~~h~y pay~ ~ent an add~r~onrl sum ~~sr•~,~red by mortg3grz to be eq~al to l;' 12 of the an~~ual tust of the fotlow-
! A-Ali real property : a~rs ie: ~e^ or ass^s:.~ eg ~i~~st Th_- aoov? descnbed «~ai ~~state.
I
~ S-Fre:~.~::,s cn f!r.• onJ v:;:::i;t~:~~: i~s~~r.,r:e as i,~-reoi n~q,,.red to be car:;er) o•~ the imrroveme~ts s~tuate on the above destribed premises.
C-Prerr.iy:~~~5 0~ ;,;c?, -ra~•~;ge y~•a•a::!y ~cs_~~a~:~ ~s ^~c-r~a~e_ sF;il frc:r. r~:re to time deem fe~ to earry on the loan seeured hereby.
Mortgagec r a _m t~ eo !.~^.e no•:f ~.i..,..y~:3 .R .r r;ting o! the .~^:o:.^t d;,e and payab!e hereundrr and such sum shaN thereupon be due and
~ on th_~ d•;~~ a-r.~ of r~.e ~~a* ~..c•~+^:; r~J~~~•r•,r a~3 e~ch svccessive ron~h rhereaf~er vrai! mcrrgagee shall net~fy morigagor of a change in such
~ Suct~ SUTS sk~a.: !~e aE:~,ied by _.!~-,g-e ro:.ard tF.e ::ayn,ent of .e;~ p~cper~y taxes, insurance prem.ums, and mortgage guaranty insurance
~ ,~:s.
' !.'J 'Yfi~JE~S ':.'HEREOF, rh, s~~d r;,OR7t,:,G:'~R n h~~reu,to set h~s hacd ar.d seat the day aod ye fira wesaid ~
E ned, Sealed d e~ the presence
~ ~ Y f1~El, di f,c-L::r,J£! ~ ,
al)
i $~.LUC~t `:,~i7~1f1A,.
, . app, a g e a t
~ - RG."•_~vi 13~b a~?
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> .~.s' ~ ~ rd.~~~ Cl~~t~ ~ C~iSltT
~ T - R~:'f~ ~ r -r (Sea4
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~ _ o~ ELORfDF, _ 1 ~ i~ ~ s9 PN ~7~
~ ~,-,r oF - - s t . _ Luc f e ~ 1
~ ~ Be?ore me perso-~aiiy apre~red J0~I11 P. Krapp, a single adult~ ~ a~
M~Wife, to me well kreown and knovrn to me to be
~ • fnd~,~dual described in and v:ho executed the foregoir.g instrument, and acknow:edged beforo rree that he executed the same for the purposes
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5 =n expressed. IGiial~e=s~id-:_~~~~~--------------------
~
.:_ef-tl~aeid vpow~s~p~r~t~~wi.psi~?sle-_
~ --+,sner?-by-rw~~ikensepe.e~~e+,d~pa?r-f+o.rrherseid-he~end-ac4nvariedg_d-teenti-before-tne-ti?ar+lx~~eeee~ed-ssid«»troiw«i?keeiq-ew~aokiw-
~ r +wd~yF.w~ ~wy-o~iw~is»w~ ~«wtraiwt? ~?p~c~in~eon~ ~r-4wr ~L ~r-{.owe-Maa+ii i~~rsVawd.
x 16th
~ rJ1TtiE$$ my hand and affic~a! sea~ th:s day of___ Ma A. D_ 19 75
-~~(Y~ •
Notary Public in d i the State of Florida at Large
~ My Commission xpires:
Re!um To: , Fus,~•~ s~~t.• pf !1~•~3~ ot Ln.~
; :st Fede~al Sa.~n~s b loan Assoc~at,on f~O~°~
' 1{ ~ C~ : o:..ror: . . . . 157J
;'a, Of ~ort r' . rc•~. ' .
Fo.t P:,:ce. F!-_•:da 8.+..,::d !•y l..u:i.cn r.:~ u w;~:.:ly W.
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Th;s Ir.strument Prepared By Gary F. Ell~?ood •
_ F~rst Federal Savings & Loan Association -
~ of Fort Pierce, Florida ' .
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~ Checked By 0 R~.,L/V f
~ aooK ~1949 .
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