HomeMy WebLinkAbout1960 To pixe and coro~n~ousiy keap on rhe bui:J~n~s now or hereaiter airuere on sa:d !and and on aC ~qulp~nent ar,d pr.w~atly co~e~eJ by thi~ more~
ege, with •II premiumf the~eon pa:d in f~ll, iire insv~onie ~n Ihe us~al irendard ~wiicy form, in a s.,m appro+ad by Ihe MORIGAGEE, and w~~~dstam
~rsuronce in ~he us~al sranderd poi.cy fo~m, in a:um oppruved by the MORTGAGi~, in •~ch company w comNan.ei as the ti102TGAGFE may
d:rec~; and all fire and w:ndstorm ~nsurance poGues on any of so~d bui!J~ngs, ~ny in~ercat thriein or part thereof, in the aggregate sum afweuid w
i~ eacess Ihe~eof, shall :oniam t!w usual s+anda~d mortg.~g~~e clause ur such o~her c~avse as thr Murtgo~ea may reqwro, maAin~ ff~e iosa unJer s~~d pol~
:~rs, each and every, pay~b:~ to said :1JR1GAvEE as .ts inirr.st n~sy ap{.aa~, and ~-ach and e~ery such F;:. ~cy shall Ix piomN~ly ass yned and drtirrrrd ~o
eny heid by sa~d MORfGAGEE es iurthar srwrity to said ~r.o~ty.,ge d~ut, m~d, not less ~fwn ten (10) days in aJvmxe of the expirat~on of each policy, to dt
~;~er to said M~RTGAGfE a reRrwal Mereo(, tw3e~her wnh a rece~pt for ~he prem~urn oi such ~enewal; and thrre shall Fx no I~re or w~r.da~or~n insuranca
placed on any of said build~ngs, any inizrest therein or part thercrof, unlcis in ~he forn~ and wnh thr ~c>s payabte as alorrsaid; ar.d in the erenl any sum
oi money becomes payablr under such ~:icy or pobcies sa:d A~ORiGAGEE s~all have ~he opna? to rrcaivr and apply the sarne on acco~~v o( the indebted- .
r.ru eec~red h'r~eby w fo permif Sa~d ~~oRrGaGOkS f0 rrCeive and use it or any pt•rt thC:~~JI lor C:nrr ~vr~ Cses, v.~thGVt th:re.~; mcvi,+:) or ~•r.pair- ~
~~g ar~y eq~]ty, lien or right under or by virtue of Ihis inc::gage; a~d in Ihe evrnt ~a~d A10R1GAGORS sha11 for any ~eason fail to kcep ~he said prem~sef io -
ns•~red, o? fail to deliver pranptly any of said pol~cies of insura~xe to said h10RiGAGiE, or laii prpinptly 10 pay I~Ily any premi~~n thcrefo~ or in any
r~~sFec~ fail ~o perForm, dnch~rge, ex~cute, effect, twnpirte, co~r,pty wirh and abide by thls tovene~lt, or any par~ h,>~eof, said MGRTGAGEE may p~ace a~~d
tor wch insuranct o~ any ~art therrof without wa~~ing ur :~iec!~ng any opt~on, iien, cqu~ty, or nght unde. or b~ virtue oi th~s Mortgage, and t!x
amouM of each and e~ery s~ch paymem shall be r~~medrorety due a~~d paiab!e and shail Eear interesl irom tha date ~hereo( u~vil paia at the ~ate ol
e Qef Ct'nfum pet ennil~n dn.~ tn~rthpr •;,~t{1 s~ch ulTCicsl tha;, lY ic~..m[~ ~>y tllZ :~en Of t~1~3 mOrt3a9f-
1. To permil, cummit or su((er no waste, impa~rer.rM or defe~~ontion cf sa~d ~:roperty or any part thertoi.
S. To pey all and singula+ tiie costs, charges and expenses, indud+~g a reasona6le atto~ney's fee and coats of abstracts of title, incur.ed or paid ai
e•-r r~me by sa~d htOR1GAf>:E, because cr in the event of ~F.~ fa.;ure on the part o( ~he sa~d MORTGAGOR ro duly,-pro:»pH~ and fu,Iy perform, d~scha~qe.
c,re, efiect, comp:ete, ce nply wrth a~d ab:de by e3;h and every the s1ip~!an~ns, ~gre~m~rt!s, cand~t~ons, aod covenants o~ sa~d proR+;ssory nete and this
~r~gage any or e~rner, ar~d sa.d ccs~s, cha~ges dr.d ex~nses, eaci~ and eve~y, shail be inu~ed~atety due and payable; whether w not there be not~ce dr
~.s, a;ter~~pt to collect or sua pe~~d~r~g; and ~he full a~r,ount of eych and e~ery svch payment sheh bea~ mtcrest from the date thereof until pa~d a1 the
• c~ n~~~e ne~ c:n:~:n Frr ~n:;~:~~; ~:,c: ai: s.~.d ccsrs, cna,gea a:~J <•:~ses ~r.wnrd or pa~d, roce~hcr ~x~th suth ~ntecast, shall be secured by the i~en of th~ti
c -!g a~e.
6. Tha~ (a? in the ercnt of any breac6 of this Mo:tgagc or de'a~t~ on rf~e part ::f the MORTGAGOR, or ;b) in 1he evenl any of sad sums of money
h~rein reFerrc~! to be not pra,.,ptly anJ tuily paid v.~rhm th~rty (3D) d~ys ne~t a~te-r fne sarne sr~eraE:y become d~e and payable, without demand or noliGe,
c~ in thr event each and every the st~pulanons, agrrrments. cu~~d~rions and covenants of sa.d promisw~y ~ote and th~s moHgage any or edher are no1
r,~on,p~iy a~~d t;:;:y p~rf:~r~n.~d, a;ha>g•~d execute~, efi~c~ed co.nN eted, ce~~~p~.ed w~ih o•:d ab,d~d iy, then ~n enher er any wch even~ the sa~d ag
,~.i•e sum ment,oncd in said pro~r.~sso:y nute then re~nainin~ ~mFa~d, xitF ~nrerr>t a_~:_~rd, ard a~i moneys setwed hereUy, shall 6ecomt due anO pay-
,!r.rihwith, or tIt[fEJ!fE~, at the cp~;un oi sa~d A~ORTGAGEF, as ~u~iy a~x1 ccmLie!~•'; if aN of ~he said sums of mp~ey wcre ongmally st~pu:ated
r pa.d on such d.:~, an~th~ng in s, u prwn•ssory note cr in ~h~s !~~~•rtg~g•: ru th•_ con+ra~y r•o~.v:thst. nd~:~g; and th,:reupon w thereahe? at the opt~on of
s!~1.ORiGAGEE, wi;Fo~t r:o+~ce or d~-nwrd, s.:~t at !:.w w in eq~:ty. thrrc~~re a tl:creaiter beyu~i, may be prosec~ted as if all moneys secured hereby
:l ~~~aturE~d prior tc ~tl ~'~sti!vt~on.
7. That in the evrnt rh.~t a? ~ha '~eg.nn ng of or at a~~y t~ n, cenu~rg a~,y s~~~t u~xr.~ fhis Morrgage, or to foreclose it, w to reiorm i~, or to enfwte
nrnt of any caims !~e+r:,::c~r. s~ d:;ORT;ar.'v'-~ sHi' =ppty to th•, C~:,re ha.u a;un5d ct:on thercv+ for the ap~:aintment oi a Receive?, svch Court shall
. •..,rh appo~n~ a r,_-<-~: ~s sj~d ~...,,r~.y~•d u;o: _~ty e~~ ra:id s: ;u ar, ..:,,;o ~y :,,I a•,d s„~a~!ar u.e ir.co~nr, ~rcF~es. issues and revenues from whatever
: drnved, ea:h and every of v.f~:ch, ~ ck;ng ...~;r•-ss'y c:d~:s+.;od ~s t.~•,i•y mo~r_t,,~~ed as ~f spec~fically set forth and described in Ihe granting aod
~~dum tia~ses her~ef, ar.d svch Receiver srei{ have a~: the br„ad a~~d Yrt~~c~,+c fcn,• c:~s .;:~L powers in anyw~se er.trusted by-a Cour1 !o a Receiver, and
appcintment sh~11 th made by s.~ch Luvrt as an .+~:r,,~r~•J eq~i:y and a n:attcr o! et:se~vte r.yht t. seld MORTGAGEE, and withc~t re~erence to the
,...y or ir~adequacy of the va!ue cf thc property rr:crt~agcd or to tne so,v«nty Jr lrs~~•.rniy of sa~d 1dORiGAGOR or the de(endanss, and that suth
•s, proiin, income, ~ssues arMJ rrver:~~s shaU oe a~p'.~ed G f such Qece~ver ac.or~i.~ g ro the ben or equity of said MORTGAGEE ar~d the praUice of su[h
~:,;rt.
8. Tu du'y, prcm~.r;y and fuPy perform, d~scl~zrge, e,cec~te, efFect, co^+p~rte, cai~pi~ wlth and a6:de by each and every the stipulations, agreements,
•~~+;ons and [ovenants ~n sa~d p:om~r>o•y •~ose and ih:s mortgaye se+ forth.
9. Ii zt the event the o~nersh:f; of th~ ~r.ort~ayed pr=~,~~~ses, e~ an~ part tirereof, ~ecomes vested in a pe+wn othe~ than the MORTGAGOR, the
. ':,,~,GFE, ir; s..:c~•ssc~s :_cci a<s:yr.z, may, w riicv~ nut,ce :o rhe 7t,CR?Gi.OR, d~~ei ,~:~h s~.,ch successor or successor in ~nreres~ wi~h reference to th~s ;
:•ye a~:d :%~e ~i_ot l,~rel.p se:~,:cC m the sam~ mac,er as wlth lhortga~or v,~th.ut in any way vit:ating Or d~scl~argi«g the 1llortgagor3' iiability he~e- 3
or u~~o~ ine d-_bt h~rr.i~r s.c:~:.:1 t:c s~:e of re F~e•r.;s~s ~:cr~~by mortgaged zr.d oo icrnearance on tfie pa+t of Ihe IJIORiGAGEE or its successws
~s ~~s a~:d ~•o ex*ens:o~ o+ thc. t:~~.-- fw th~ cayn-er.t u~ she cieb! h~••ci~y srcured g~ver. by the lAOR7GAGEE or its wccessors w assigns, ahall operale
~se, d:scharge, n::,j:f~ cha:~~c or ~rteu the a-~;.n.3i i;au:;ty of ~ne R:UR~vAGOk here~n, eirher in whole or in part. .
i
10. h~s spec bcs+i~ ag-~ed r.,ar r:n,e ~s o~ t%,e esserce of tl:~s ccntract a:~d that no wai~er of any o6ltgation hereunder or of the obligation sr ~
::i iiareby sfal: at a~y tin:e s^•_reai~e! te h~'d to be a wd~.er of the ta:~ns he~eoi er of the ir.strument securrd he:by. 3
;
ti In .:•i{!. .+o rt:e ~c~_3c:~~ ..~.,t:y :..;~::_•ms of F•i.~~ and i,r~~rst e~v-ed by tiie prom:s~ory no!e secured hereb~. mortgagor eovenants r
.ces ru ;:ay r~ r;o-•p :,.ce o.,~h ~;:'r. ~ ~~~h y;.,~, ~.,,t ~n ad 1' .;na; s...., cs.!^.a.,:f 5~ R~or,gagee ~o be equai to 1 12 of the a~znual cost of the foltow- ~
~
A-~Z~i rcal rro~~r~t~ ta,es or asscs~.~~•i i~,~.si th•_ a:.o;,e d.rsc~i-.d r_ai es•~re. ~
`e
b-s'fi...l.:J":5 O:t {1[f: drli) W~t:d1T~,~'ri'. t(.SJ~3"~:c' ~5 Ii:•'E'til f•_ -.:.(C"C~ 10 ~lr Cdfl~.. 1
~ ci cn ~he :mprovemeits situate on the above described premises. ~
C-Pre~-.~~:~ s on SJ_f1 n c.r.; g., guar:~nty irwra• ce .+s n:crtgagee shail frcrr t ze to r.me deem fit to carry on the Ioan secured hereby.
~
.Nor!gagee sha um !~r~e ro t!~~e net~f; n;cr+~;;~~. :n v..~~ing of thc a~;.o.:~i+ dvr a~J payabte he+eundrr and s~ch sum shall ther~+upon be dve and ;
. e on th_ d:e d-+~ af ttie r,:.? ~o-••h'r pay:nent and e..ch successive n:on?h tF~ereafr_r uc~i~ mortgagee shall notif~ mortgagor of a ehange in such i
Such SV.T.S sh3:i t;e a;:i~~e^d ~y m^rga~~ ~e ~o:.a•d the ~;ay~t;eni of re.~! preperty taxes, insurance prem;ums, and mortyage guaranty insurance i
~~.s.
Iti ~YlTIVE55 ::HE2~Of, r'r,e sa:d ILORiGAGCJR has h~re~~ro set his h~nd and secl the day and year iirst aforesaid. "
i S~gned, Sealed and de'ivered in the presence o4: ~ ~ ~ i
~ . fILE[~ a+~~~ R_Gw~DED ~L n =
j l7~ - -1-- - IUCi~ ~QUMTY FLA. 1•; ' iam B. P 1 r a i
~ _ ~ RGv": F~~TR!!5 (Seaq
, ~ _ _ CL=pK :i Guli CUURT ~ ~
~ _ - - R=r.ni~, •r'~- =iro~ atricia . Pa me xan
€ ~ - - - ~sN~
, . ~
~ FLORIDA Mar~19 3 s9 PN 15
~ .r•r oF ------St. Lucie------- - ~ ~48394
~ Betore me pe~sor,aEiy appeared 111181R Pi . Palmer
and
~ PdttlCla_ R. PgImQ! _ his wife, to me well known and known to me to be
-divid:,als descri6 ~ in a~d who eaewted the forego~ng instrument, and acknowiedged before me that they executed the same for the pwposes
' Patr ic ia R. Palmer
~ ' ~'n ex~ressed. And ths sa~d____.--
' - of the sa~d _ ~J1111d1A p, . Palmer , vpon a arate and rva~e
~ ~ ~
~ • r.anon by n,e ta<_n s~parale ard apar+ frem her said husband, acknowtedged to and before me that she executed said instromeM freely and vo~un-
; arrd w~thout any cur.;.ulsion, co~~stra;nt, a,c,preh~e~
s..~~on~,/ or fear of or from her sa~d husband.
~ '.'~lThE55 my har.d and oif~ua; sra! th:s day o hia q_ p, ~q 75
~ • ~ ~
' Notar~ Public in and for the Stat of F{wida large
a ~
~ My Comm~ssion eapires: n s?~
r: Return To:
~ r;t Federal $avin~s 3 Loan Asso:~at:on ~v ~
~ Of %ort P.e~~:e_ i
~ a
` Fcrt P~e~c~. Fio~id~ e
~ • #
~ S ~ . ~
• ` ~ ~ • ~
~ This Instrument Prepared By Gary F. El lwood ! ~
~ F~rst Federal Savings 8~ Loan Association .
~ of For+ Pierc F lor i cla _ . :
~ ~ 800K~ ~ 4 ~ ' ' ~
~ xit'..~~ ,
~ Checked By~ ~ - ~
~ . ' . f. "
. ..1~1 . ~
S~ ~ .
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~ . . i _ _ . _ _ - t` .~3" -
9'-y' ~
~ ' .f y ys~;
~~~-"'Y~~~rc-''?-~~LL~_-.~- „ . ,