HomeMy WebLinkAbout1958 3. To place and coniinuously keep on the tuCJu~3s now or hrrlairr~ s~t~aie cn so~d ~and and on a~l eq.,iN•nen~ and perso~ally corered by Ihis mwrg~
a9e, wi~h sll prrnu~m~ Ihr~eoo po;d m fu:l, f~re insu~.+~~cc ~n thc :,svat sta~~ard Hoi~ty lorm, in a ~um oF~iovrd Vy the MUR~G%.GEE, a~}J wuiditorm
~nsurance in Ihe ~s.,al s~anJard poi.cy fo~m, m a wm approvnd by the MORTGAGEE, in ~vch company or compamca as the MOR(GAGEE may
a=."•; ==.=-=8=l-.-^_ :~....+ore F~o+k~~~s on any of se~d twud;.~ys, any inleresl thrre~n or part theceof. in ~F~e egg~egefe tum aioresaid o~
~n eKtess lhrreof, ~hall ;onta~n ~he usu.:s sr,•:,da~d mongagea c~ause or •uch othrr c!ause as the h1o~Igayee may ~cqv~rs, ma?~n9 the ~oss u~~de~ s~~d pol'r
ces, each and every. Pay.,b:a to aaid tit~~RlGAGiE as ~rs ~nter:st ~i~ay aPN~ar. ,,,ci r.+ch a~J every ~~ch pw~c~ ahall Ix p~on:Ni;y assgnrd and del~~errd ~o
any held by sa~d MOR(GAGEE as f~nher sec~r~~y ro sa~d ~~iwigage d•:ot, and, nor iess ~han ~~n {10; da,rs i:, ad~o~~ce of ~he rxpiration of eech pol~cy, to da
i~ver to sa~d MORTGAGtE a rcnewol ihereof, ~ogether w~th a rrce~pt fo~ ~hc N.. °S_ ol such ~enexa!; ar~d thrre shall be no lue or w~nds~urm insurance
~~~a.~ u~~ a~~r ;a::! ~..,:I.f~rigs, any interest therein u psrt ~nercoF, unirss ~n the furm a~~d w~+h ~he ioss pa~abie as aforesa~d; and ~n the eYent any sum
of mo~ey becanes payab!e ~nck. s~<h poticy a poGcias sa:J MORiGAGEE shall have ~he opuon to rece~ve and apply 1he same on acco~nt of ehe indcbted~
~ess securrd hereDy or ro penni~ s+~d MORTGAGOR$ to rece~~e and us~ it w any I,:•rt n~.::~of lor cr,. r p~re osrs. ~•..fr:•.~~ th~., u; w,:~.. ~n:p..u-
in~ any eq~+ty, Gen or ri~At urxlzr or by virtue of fhis mo~'gage; and in IFrs evcnt sa d RtJRTGAGORS 3~`3~I :or any ?eason fail to keep the said premisci so
;nwred, a(eil to dr~~ve~ promp~ly any of s~~d poi:cies of inwnnce to sa:d I.1pRTGAGiE, c~ fa~! p:on~p~Iy fo pay fuity any pre~n~um the~efor or in a~y
respect lait to pe~lwm, d~sche~ge, execute, eft~•ct, ca~~pletr. co»~pty w~~h and ab~de by th~s covrna:u, or a,y part hareoi, said MORTGAGEE may ptace a~d
pa~ fo~ such insurance or any par~ th_rcof w,~thout waiv~^g w affe:~ing any opnun, lien, equ.t/, or ~~~ht unJer w by vi~tue of th~s Mor~qage, and thc
~:i amount o( cach and e~ery such pavm~•m shsl! br m,mrd~ete~y due a~~d payab!e and shaN b~ar interrsl irom tha detc thcrrof untii p~id at the rate o~
e per cenvum per ann„m a~id ro:~;al.~,r L~~'h x ci. ~.~~e~o~r sh.ili t•~ se:ure:i Ly ihe ;ten nf this mo~tgage.
.t, To permit, comrnit or sufier rto waste, in~pa~r.nent cr drt-wi6orat~un of sa~d ~.rope~ty or any part ~hereot.
5. To pay all and singular the costs, char~es and eYpensrs. includ~ng a reasonai,le atto~ney's fee and costs of abstracts oF title, incu~~ed or paid at
e~~, r'une by sa~d A10RTGAvFE, because or in ~he event oi th~- fo:iwe on ~ne par+ oi ~he sa~d t.tORTGPGOR to duly, pro.~~pN~ and fu:ty perForm, d~scharge.
_.cwte, efiec~, comptete, co~npty w~th ard abile by each and every ~he supv!a~~ons, agrce:ne~ts, cood~t~o~s, and covenanrs of se,d proinissory note and ~his
~o•~9a~e any or e~~her, ar,d sa:d cosis, charyes ~~~d eaprnsc~s, each a~xl ever•,•, •hall 4~ irnmed~otely d:re a?+d payab:e; whether o~ ~ot there be notite dd
,~a~:d, attempt 1o to~irU w svit pend~ng; a+id the full a~!~+~n~ of each and e+ery su<h oayme~t shall bea• ~ntcrest from the date Ihe~eol unril pa~d at the
n:ne per cen:u~n ~.rr an~w:n; a.~d so.d t.sts, +*~a•yrs a~id ~A::.:~ues inc~rrud oi pa~d, toyrthet w.lh such interc3l, shall be setured by the I~en 01 thif
-r.ertgage.
6. That (a! in the eve~t o( any br~.ach oi this :llortgaga or defautt on the pa~t of ~hc hlORTGAGJR, or (b) in ~he event any of said sums of money
herein referrrd to be not pro~nptl~. ar.d fully paid w~}i~~n ~h;r~y (3J1 days nea! a~rcr the samr severa:ly become due and payable, wi~hout derrwnd or notice,
cr .ci in ihe event each and every ~he sripu~at+ons, agrermenrs, condmons and covenarts of sa.d promissory note and eh~s mortgage any w e~the~ are nol
pron,ptly ar,d f~t:y p.~rformed. d sc!~argecl, eaec~t~•d. ~'~~~ctid. co~r,p:et_-d. cor.:p:,ed wnh and at~ded ~y, then ln e~ther a any wch event the said ag
_•_.~i!e sum mer.t~o~~ed ~n :a;d pro~o~ssory ncte tiien re~:~e~n;ng unya~d, w~th in!ere;t aur~cd, and a~l moneys secured hereby, sha!1 betome due and pay-
c for;hwith, or thereaftcr, at the o~ •~o~ ot sa~d /.10R7GAGEE, as iu~ly a~: ~ comp:er~ly os ii all of t~ie •.id wms of money were o~~gina:Iy stipuiated
pa.~ oo svch d~y, anything in ;aci pro:~:uery no~e or ~n th~s A1or~gage te the co~~r.e~y nor.v~thstand,~iy; and tlxreupon a thrreaffe~ at the option of
s•.ci ldORTGAGEE, w~thoui not;ce o> demar.d, so~t at law or in ey~:ty, theref:.re or therraiter begun, may be prosetuted as if all mor~eys secured hereby
c. d ~natured prwr to its insti±~tion.
7. That in the event that at t~e beginn ng of or at any time pend~r g anr wis u,~on tl~~s hlongage, w to fweclose it, or to reform it, o! to enfwte
,~~ent ot any c•~::ns hereurder, S~~d I~ORTJNj° ( sna;'. rpp~y W thc~ Ccur~ har;~ y;o .sc+,~io~~ tl:.~reof for ~he appointment of a Rece+ver, iuch Court shall
r.:..,~eh a~:po~r,! o~rce;~e~ ot s.:~d a^o-tg,3-c: ~;ro~•,•r,~ 3~i 3•^•d s:^yu~ar. :~~c:udng si! a„d a,~,~~~ar ihe ~r.come, profas, issues and reven~s from whatever
s, e derived, e.:ch and every of wii:ch, c~~n~3 ..•x~,r••ss:y cnde~stcod, is ter~uy rort:;.~~~cd as if sµet~~ical:y set forth and deseribed in the granting aod
-~~de^t c..v:es F:erref, e^d :~ch RECf:IVM SF1dL `13+Q a:~ tne o~oad a.^.d efiec•:.e ti rc• u. s.nd po~•.era in a~y vise ent~usted by a Cowt to a Receiver, and
;;h a, poi~tmenT shait 5e R:a;le by such Cru~! as an ud:ninad E~V12~/ ar,d a r. a~:c~ cf arz•_'.ne r~yA~ to sa:d AlORIGAGEf, and w~fhou? reference to the
:,~„~y or inadequacy of the vsiue ot the p~oHrrty mo~raaged or to :F;- sotic~~:~ or •_r,:~~nc~ o~ said MORiGAGOR or the def~ndants, a~d that such
~s. proiifs, incomr, issucs ~~~d reven,.~; s%:a~i be apr+~ed by wch Recei~e, ,:~.:~i.:.~ +c• tne :irn or eq.,~ty of sakd MORTGAGEE and tha practice o( wch
_~_rt.
8. To duiy, pro~~ ~.s~y a~d f:,f'•~ p~~!c•~.:, d':_ha~ae, ex~c•~+e, e(iec~. com:~!ete, co.:,~;I~ w;th and ab~de by each and every the stiputations, agreements,
..:i:r;c~ns and tov[-nanrs ss.~ p:aTnssory :c'e ~::tJ tn~i •n:rt~a3~ srt 'urt?:-
9. Ti:at in t'~e e.-z^t thc r.+cercn',~ c1 ;e~~ :c;;•;ya~ed p~.~,~~ ses, or any part tnerecf, becon,es vested in a pe~son other than fhe MORTGAGOR, +he
. :;:,vEt, i!s ~ucc.css rs a~-d as~:gns. n:~y, ~v:~ho. ~ nonce to me ':~ORTG%OR, d~..~ w~th such successor or :vccessor in imerest v+~th reference to thi~
.~age a:,~ :he d~~~i 'r ~.~,•b; =_~:co.ed u~ ri,e sa~~.e r~,a~.;z. as v:,oh L o~tgagor •..~rF~ovt m any way vit;ating or dncharging the l,Aortgagors' !iability here-
,r uFOn ah~- d•-ca :~c~e., s~o:r:ci ":c s~ of i~:, ir~•~~~s~~s h_•r~~;, r~:.-;rgcg.:d ar.d no fc:bearance on the pa~t ef the ~dORiGAGEE or its successors ;
a~~i ~:.~c~-s:,.-: ~k~. r::, : 4:,- ~t~~• ~..,1 n.._ d;.~,• h-,~:: : sewrecl g+vrn by the MORIGAGEE or "es successws or assigns, al~all operate -
aase, d.scnarge. ~~:od:fy ,=har.;3.. or ,,.:e:t :~,e a•~y ~..u ~wu, ry oi rne M,URIGAGOR hereio, either in whole or in part.
10. I? is speaf~c:~~:~ rg•red tl:at t~~oe ~s o~ ~h~ ~asenc~ of tl:~s co;~~ract and that no waiver of any obGgat~on hereunder or o( the oblgation se-
--e:i hareby shafi at arvr t[,•:~ tn~:reaicfr Ge h,:d te bc a wa~.e: of th~ !erns- hereof or of the instrumeM sec~red herby_
Il In =:id! , o~ •t,:. .,:__c •r~ ..,•.t,.. ~,:;;;:,,nrs o~ F>•~. ;~a: and i•.:~,r~st e~,,~~ed by the promssery ~o!e sccured hertbr, mortgagor covenants
. a7recs to ;,ay ro .~~c•t;~r;-:F ~.,r+, •-act~ ,.._e~~h ~ i.~,•-enr an a~-. <~,,nal s~m es•: ^~;!ed b~ mortgjgee to be equal to 1,: 12 of the ann~a! cost of the follow-
A-A!I real er~ ta+zs :e~:~~-r. er assrsst•.i a;:-,i•~st ~ Z
~H• y , rno ai,o.•c dezc~c.~d +~:al e:rate.
c r.: c. _.,,j ~.:,~.~s,~:m ,:is„ra• c_ ;s n....,:n ~c1 tu be carr.a•d : the :m- rov~me~ts sAUate on ihn above desa~ - s
' •4~.•. ~ -bed prem~ses. ;
~-Pre .,,,,..,s o? :.:ch rr.o.r c ge g:;a.,~.~; ,-s., a:.cc •s ~~:o+s.i~g•_e sha!! %rc ~ -.e to ti,ne d~em fif to carry on the loan secured hereby. ~
.•."o~ryaa.,•, s^~ '~m n n:~ .r to , t : c.v , rnit:ng of ~n~ ,o,.nt .3;,a and pay~Efe hereunder and such sum shall therevpon be due and +
,
' ~ on tn._ r.~+.~ c~ r~, -.xr . f j,.::; ~,r ar.a c.::+, suuessive r~ rr:e;_,af:cr „r:ril mcrtgagee shali not~fy mongagor of a change in such ~
~uc!: s~:ns s~~~'1 b¢ apr•::~.,~! ~y n,cr~y,;-r tc.ta•d the Ha;n,e~t of r~~! preFi.ty taxes, insurance pre~a.ums, a~zd mortgage g~aranty insurance
I -
~rrs s'
i I'~ l'1tT?1ESS '::NER~OF, rhe sa~d A•G'RTGr.GO;t kas h•~re~~to set hn h~rd and se~l he day and year first aforesaid.'
t S~gned, Sea~e~ and de~~verea ~n tne presence o': fILE~ ~-L1:!~Fa
! ,-f-- ' ST. L~:Ci: :~..MTY flA. Qn•-.,- ..th.. `iseaq
[ ~1~~-C~,~L--- ~f~<t, R:'L= t"?~RS ( Car~l :1nn Harris
j ~I f'.~. . L :IT ~..JRi ~ (Seal)
~ - - p: r:i • = 1 !1 ~Seal)
~ t~J~ri~- ~ <1~.~~Ar"_- - ~ 4ea0
€ ~=~i`_ Of FIORIDA ~ ~ ~y
e h u. ~393
~ •<-Y oF - `t_- lacie ~
~ Befpre me persorta'ty appeared Caro1 ,1nn :{.lrt 1 S~ d S i f1C712 ~IC~L~ 1 t
xa~c
bdXK~. ~a me well known and kno•rvn to me to be
~
~~,dividua's desu~ctd in and who executed the foregoing instrumem, and acknowiedged before me that they executed the same for the purposes
~ • ::n exprei"sed. AQDd}1bCX9[rbt---
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`.NIiNi55 my hand ar.d oiGda! seal th~s_ ~ day of _ ~~~~J , A_ D. 19
~ ~ ~~_~c~~=? '
~ ~ Notary Public in and for the St of fSorid at Large
' A1y Commission expires: - '
:r Retum To-
~ .~C~_2 c:.. ;,~~i
:st Federal Savings a toan Assoc~at.or. i ~
~ Of FUrt P.•.c•~ . '
. . :
Fort Pierce. F;'Cr~J~ ~ ;-j,
~ . •
~ • • i' ~
~ . 1 ~ '
: : O 0 V : '
~ This Instr~ment Prepared By J~hn i~, Col l ib , L~.;• : a~
~ First Federal Savings 8 loan Association ~
a R ~Y `~T.•~y~`,, .
~ of Fort Pierce , F lor i ~ ~ ~ J~"-• '
~ 8001( ~rJ~ PACi 19~
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~ Ci;ecked By ;
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