HomeMy WebLinkAbout1955 9. To place and contin~ously kcep on the bu~'d~r~gs now or herea(ta utuate on s~id land ~nd o~ ali equipment ~nd personally cove~ed by thii mwt9-
~ge, with all prsmiumi tncreon pa~d in full, firo ~ns~.ence in the usual s~a~xlard poiicy fam, in a tum apwoved by the MOR(GAGEE, end winJ~tam
insur~~c~ in IM usual stsndard pol.ty fum, in • sum app~oved by tM MORTGAGEE, in ~uch company o~ companies q t!N MORTGAGEE may
di~Klj and a~t fir~ and winJsro~m intura~ct pol~ur~ on ~ny oi ~a~d build~ngs. ~ny intersst there+n or part therwf, In tM aggryat~ sum afor~iaid a
in exccu Ihereof, shall contain ~M usual uandard nw~tgagee uauw a tuch other cla~ss as tM Mwl9agee may reqw~~, maMinp tM lo~s unda ta~d poli-
c~es, each and every, payab~e to ~sid MORiGAGEE as ~te in~er~st may appear, and cach and every such poGcy shall be p~omptly ass.gned and delivered to
eny held by seid MORTGAGEE as fu~lhe~ securi~y 1o iaid mwtQage debt, and, not les~ than ten (10) days in edvanc~ of ~he expirit~on of sach policy, 1o dr ~
t~ver to uid MORiGAGfE s ~enewal thereoF, toqelMr with a rece~pt (w 1he premium o( ~uch renewal; ~nd ther~ 1h~11 bs no fire or windsto~m intur~nc~
placed on ~ny of said b~rildin~, any iroerest ~hr«in w per~ ?herrof, un!eaa in ~he fo~m and wi~h the loas payable at eiaesaid; and in the eveN ~ny tum
of money becomes p~yable vnder such policy w pol~cies sa~d MORiGAGEE shail hava ihe op~ion to recaive and apply tM same on account of the indeb~cd-
ne:s tecured herrby a to permit said MORTGAGORS to ~ecrive and uis it w any pa~~ thereaf for other pu~~~ases, wi~hwt ~h~reo~ wa~~i:~g a~ un~ai~-
~ng any equity, lie~ or righ~ ~nder a by vi~we of this mo:sgage; and in Ihe event sa:d MORTGAGORS shall fw any reason fail lo keep the said prcm~tes so
~ns~red, w fai) to del~ver promp~ly ~ny of aaid pol;cies of insurarxe to sa~d MORTGAGEE, or Fa~l promptly to pay fulty any pr4mium therefw w i~ a~y
respKt (ail fo per(orm, d~scharge, execute, effect, comptete, comply with and ab~de by this covenant, w any pa~t Ar~eof, said MORTGAGEE may place and r.
pay tor such insurance o~ any part thereof witlw~t waivi~g a alfecting any opuon, lien, equ~ty, or r~ght unda w by virtw of thii Mortgags, and the
f„11 amounl of rach and every such paymtm shal! be :mmed~ately due and payable and shall brar interesl from Ihe dats 1Fxrcof u~til paid at the ~afe ol
~~~:~e per cenrum per annum afid to3rther w~!h auch intr~rst shait br sec~red by the lirn ol this mortgaga.
4. To permil, commit or suffer no waste, impairment a deterioration of said property w any parl thereof.
5. To pay all and singular Ihe costs, charges and expensea, includ~n9 e reawnable att«ney i fee and tostt of abftrstts of titls, incur~ed w paid et
+ny ~i~ne by said MORTGAG'E, because or in the evt~t oF ~he fa.iure on the part of ~he said MORiGAGOR to duly, prompUy and fully perfam, d~xhsrge,
exec~~e, effecL comptere, comply w~th and ab:de by each and eve~y ~Fu ~ti~x,lat~ons, agreements, conditions, and covenanb of said promissory note and thu
,:o~rgage any or either, and sa~d cos~s, chargea and expenses, each and every, sha11 be immediately due and payable; whether w not tAere be notite da
r:and, atte~npl to co11Kf w suit pend~ng; and the futl amovnt of each and evc~y fuch payment shall bear interest from the date thereof until p~id N the
~ r. o~ nine {~er centum Fnr an~w:n; and atl aa,d costs, cha~ges a~~d eapenses ~r.c~rred w paid, to9rther w~th such intuast, shall be secured by the lia? of thi~
mortgeg0.
6. Thaf (a) in the eve~t of any breach oI this Mortgage or deiault on the pa~t of the MORTGAGpR, w(b) in the evenT sny of ssid sums of money
herein referrad ~o be not promptly and fu~ly paid within thuty i30) days ncat after the same severatly become due and payable, wilhout demand p notite,
(c) in the event each and every the stiputations, agreemenes. cond~rions and covenams of ia:d promissory not~ard.th~f mwtga9a aey w eithe~ are nol
:.~:y. ptomp~ly an~ fully pe~lormed, d,scharged, eae:~ted, eifected, to~npieted, tompl:ed with and a6~ded Sy, tlxn irt either w any such evero the teid aQ-
~regare som mentiooed in said promisswy note then remaining unpa~d: with inte.e~s aarued, a~ a11 moneys secured hereby, shall betome due and pay-
a;_ c forthw~rh, or thereafrer, al the oprio~ uf so~d MORiGAGEE, as fully a~d comp:rie~y as ii all of the uid sums of money we.e aginally itipulated
ro be pa~d on such day, anything in sa:d pro~nisswy note or in this Tdatgage to thr c~mrary notw~rhstandi•ig; and thereupon w thereafter at 1he opt~on ot
s~::i h10RTGAGEE, wimout nor~ca or demand, s~it at law or in equity, fherefore w thercaiter beguo, may ~e prosecuted ss if all moneyt secured hareby
n,d ~:,atured p~+ot to its i~slitunon.
7. Th.at in the event rhat at the beginning uf w at any time peoding any :u~t upcn Ihis Mortgage, or to fweclose it, w to refwm if, or to enforte
~.~;~^ent of any daims hareunde., said MORTGAGtE shatl appty fo the Cou~~ hav~cg ~urnd:aion Ihereof for the appointment of a Reteiver, such Cour1 shall
f_-r:.titth appoint a receive~ o! seid mortgaged pteperty a!! and sin9ula., inctud~ng r,fl and s~ngular the incoma, prohts, issues and revenues fiom whateve?
s_ ~•cr der~ved, each anJ every ef wh,ch, 1r being ezpreasly cndr~siooci, is F.ereby ~.ortgaged aa if spec,fitally tet (orth ~nd dex?ibed in the granting and
h,h~ndum dauses hereof, and such Receiver shatl haia a?i the broad and e~fecrrve funct.ons and powers in anywise emrusted by a Court to e Receiver, and
s ci, a,:poin~ment shalt be ~r.ade by svch Court as an admitted rq~ity ar.d a n~atter o( absolute right ~o said AI~ORTGAGEE, snd without re(erence to the
. ce:;uacy w inadequacy of fhe value ot the propeAy mo~tgaged or' to ~he so:~•e~cy c. ,~,:oivency of said MaRTGAGOR a the defendants, and thaf such
~s, profits, income, issues arxl revenues ahall be appl~ed 6y :uch Recciver ar.ord~og to the lien w equity of said MORTGAGEE and the practite of such
I.CJf~.
~
6. To du!y, promptly and fully pe~iorm, discF.arge, exec~te, effect, compleir, compty with and abide by each and every 1he stipvlations, agreements,
-,d~t~ons ar.d coveoanss in sa+d pra~nissory note ar:d this rnortgage se: forth. ~
9. That in the evenf the owne~ship of the mortgaged prenuses, or any part thereof, becomes vested in ~ persen otF~e? than fhe MORTGAGOR, thp
:^RTGAGEE, i•s s;xcessors and ass~ges, may, wi;ho:,~ no+.ce to tne MoRTGAOR, dcai wi~h such successa or svccessor in interest with referente fo thi~
~~cgag-r ar.d the d~_br hereby secured in the same ma~~ner as with ~Aortgago~ witheut in any way vitiating or dixharging the H{ortgz~gors' lisbilify herr
.L•~ or v~on tne debt hereby secu~ed No saie of the Eremaei hereby mortgaged ar.d no forbearance on the part of ths MORTGAGEE or iri s;reeessors
ass~gns and no exrEns~on of the t~me for the payment of the debi hereby secured given by the MORTGAGEE or its successors or auigns, shall opewte
ro re~eese, d~scharge, mudify change or affect the ung;nal liab~i:ty of tne MOFTGAGOR herein, either in whole w in psrt.
10. Ir is spee~ficaily agreed tha! t~me is of the e:se~ce of fhis contract and ehat ~o wsiver of any obligation hereuixler q of the obligaYan se-
:~red h~:reby shatl at any time thereafter be he:d to be a waiver ef the ferms hereo( or of the instrument setured herby.
11. In aad.t;o~ to the toregc:ng monthty paym_nts of pri~c pal and ir,~Erest reqvired by the prom~swry note setured hereby, mortgsgor covenants
d;grces to pay to mo:!gagee v`ith eath mc,nth'ry payrnent an atid~iio+~a! sum est~ma~ed by mongagee to be equal to 1~ 12 of the annual cosl of tFfe foilow-
A~-AI! real preperty ta,cas 1e•,zed o+ assess_ci ~yai ~st nc~ a6ove desv~~~d real esfate.
B-Prcr: fums on fire and windstorm insuracce as fw~eFn mqu:red to be tarricd on the imp~ovtmelTt situate on the above destribed ptemiset.
C-Premior..s on svch morigege 9~aranty ins~rar~ce as mo•t~agee sha(I from. t:me to time deem fit to tarry on fhe loan setured hereby_
Mortgagee sha:l from f~~ne to t~~ne not~fy mo•tgegor in writing of fhe a:nou~1 due and payable hereunder and such sum shall thereupon be dve and
.,-6?e on the ~ve ddre of the nex± mo~thiy payirer.t and e~ch successive month rhereaf~er ur.til mortgagee shall notify mortgagor of a change in such
;,nt. Suth sums sF:a:i be appi~ed 6y mortg~gee to,.a-d the payment of reai p.operty taaes, insurance prem~ums, and mortgage guaranty insurance
. ~•u^.,s.
tN \YITNESS NHEREOF, the MORiGAGOR has hereunto set his hand and scal the day and year first aforesaid. ~
~ 5' a an del rad in he pre:ence of:
~j f~11E11:.M. +~fC~E! - SeaO
~ s~r, Lvc~ s:~amr ~u
~ IICGc+! f~1~~ Don Hoo en Jr.
~ ~t{g1~ .~~?:G1117 ~ `
i ~ - - P~~~~~ ~f~.'f!f~ Nildred P. ~OOV621
- ~s~n
, - ~2 1~ ~u jN'~5 ~ -
~ ~ E OF FLORIDA ~Y
~ ',;Jt~TY OF Ct_L_LUC~e__
~ ~ _
..~i r
~ Before me Fe~sonally aP~a.~a _ Don Hooven,. Jr. eof ,r;''~-
~ _ _ Mildred HOOVATI his wife, ~o ~ W~n 'Nid;~,,,,~'io ~ ~
indivi<iua7s descri5ed in ar~d who exe:uted the fwegoing instrument, and acknowledged befwe me that they ex ~~t~~rpe~~~~4'1he purposes
~ _-etn expressed. And the said- ' ~ ~a
~ ~ of the said ~ ~~~~=~a!tTv'f.ir~-l.,~iSir--
' Q,~d pirvat~
_ ~ n ti:nanon by me taken separate and apart from her said husband, ack~o.vledged to and befpe me that she ex • ,n~t r'a ,¢ad vOluo-
z ar.d w~thout any comp~ision, constra+nt, apprehens~on, or fear of or from her said husband. ~
=s
~ :VtTNESS my hand and ~fiic~al seal th~s___~th_ day of S."1 jq
•
~ w ~ ~
's
= tary Public in and fw ti{~ ~ tsrde
` ommission expires: ' ~ry:. 7 • '
4 C`'*1 -
s Retum im '','~~'t~!i
" F:rst Federal Savings a Loan A:sociat~on
~ :
Of Furt P erte.
ti ~~er Sfol~ OI Elorida dt la'~
s Fort Pirrce. Flo~~da ~ ConNw;u:on Expins Jon. Z7, 1l79
~ ~oaded bp Am~.ican tJ?~ ~ Cywlt)r Q~.
~
~ ~ .
~ _
~ This Instrument Prepared By J. Hal Roberts, ~TY'.
~ First Federal Savings $ Loan Association
~ of Fort Pierce~ :''lorida 33450 0 R
~ goaK2~ ~cF~.95?
~ Checked By ~ ~
~
~
~ ~ ? t
. . ~
~d:~~ . y~ ; r . - - - - - ~ ;5 -
_ _
. ~1.~r , ,