HomeMy WebLinkAbout2158 To pt~c~ and cominuousiy ke~p on tM buitJi~+gi now w hereaf~M ~itua~~ on iaid land ~nd on all puipn+eel and pKw+?ally cover~d br this mw1¢ ;
s{~s, with dl ptmiumi thereon pa~d i~ full, fire i~~ur~nce in ~M us~al •randa+d policy fwm, in • tum apptov~d by tM MOR(GAGEE, ~nd windstpm
ins~ranc~ in ~M usual Lt~~~~d pOIKy ~O~rt4 iA ~ wm approv~d by ~h~ JNORTGAGEE, in such company a compani~s ~s ~h~ MORTGAGEE may ;
directj ~nd all Iws and windslo~m i~sura~c~ polici~s on ~ny o} iaid build~nps. ~ny ieter~sl ther~in w piA the~eof, in tM a~qre~at~ wm aior~aid w ' ~
in ext~u the+eof, ~ha~l to~tain tM uiual standud mwtgage~ clause or such o~M~ tlaus~ th~ Mo?19agN may ~puu~, matinp Ihe lou undM sa~d polF . t
ue~, exh and ev~?y, payabi~ w said MORiGAGEE as i~f in~ereil may ~ppe~?. +r+d each and wery tuch po~icy ahall b~ p?omptly ~u:9ned and deliverad ~o
eny hsld by sa~d MORTGAGEE ~s tur~F?N security to said mortpa~e deb~, ~nd, no1 leu than t~n (10) daYS in advanu o( tl» expiratlon of tach polrcy, to da
I~ver to uid MORiGAGEE • r~newal thereof. to9~tMr with • reteipt /or the premium o( ~vth rtnewal; a~d th~r~ sFNll b~ no f~r~ o~ windslorm inwr~nc~ ,
placed on any ol said buildi~gs. ~~y i~+erqt It~~tn a p~rt the~eof. unlau io ~he torm snd wi~h ~he loss pay~ble u•Ea~saklr +~d in tM ~vent any surin
of n,wNy becomes payable vndN wch policy w po1K'a~ uid MOR~GAGEE sha11 haw tM opt~pn ~o nceive arxi apply tM s+me on accounl oi tM U?d~bt~
ness setw~d her~by a ro permit sa~d MORTGAGORS to rKeivo ~nd ufs i1 w any parf the~eol lor othvr purposes, withoal Ihereb~ waiving a~mpai~-
~r~g any p~ity, lito w r~yhl under or by virtw of thli mo:ty~ye; and in the wem u~d MORTGAGORS tl++ll fw any r~ason fail to keep Ihe ~aid premiaes so
~~su~ed, o~ fail to delive~ promp~ly any of said pol~cies oi ~~iurance to said MORiGAGEE. o~ fa~l promptly to p+y f~tty ~~y p~emium therefw or in any ~
rcspect fail to pa(we+, d~scM~Qe, execvts. effect, complete, compty wi~h and +bide by this coveoant, a a~y par~ hereoi, said MORTGAGEE may placs +nd j,
pay (or such insuranc~ or any.paN thereof wi~hout wsivinp u ~ffectinp sny op?~on, li~~. puity, w r~ght unda a by virtue ot thie Mat9ags, and Ihe . .
f~ll amount of e+ch and tvery suth payment shall be immediately dw and payable ~nd shall bear interesl from 1M dat~ thereo( ~ntil paid at tM ~at~ ol
~~r~e pe~ centum pM annum and togaihe~ rrith such interest sha~l be secured by tha lien of this mwtyags.
1, To permit, oommit o~ suifer ~o wute, impairment w deteriora~ion of said praperty or eny part thereof.
S. To p+y all snd sing~lar ~he cosls. charges and expenses, includiny a reasonable anwney's fe~ and cosb oi aMtracts of tifl~. incu~r~d w p+id al
~ny time by aaid MORiGAGEE, betause w in the evant of Ihe failure on Ihe pan oI the said MORTGAGOR to duly, promptly ~nd fully perlam, diKhargR
axecuts, ~ffect, complet~, comply w~th and ab:de by each snd avery ~he ~tipulanons, syreements, condilions, ~nd covenan?s of s+i3 promisswy note and tAi~
mortgags •ny a either, and ia~d costi, ch~rge~ and expensss, each and every, ihall be immedialety due and payabt~; wlxtF?ti o~ not ther~ be notite d~
~„ar,d, s~~emp~ ro collec~ u iuit p~nd~npj ~nd rF~ full wnoun~ of eich and wery such paymen~ shall Dea~ in?eres~ Irom IM date tMrwf unril p~id ~t rhe
r.;re of nine per ccMum pe~ annum; and at! said costs, cMryes and ewpenxa incvi~ed or paid, topethet witb s~th intersst, fFwll b~ aetured by the li~n of tbiu
mortgspe.
b. That (s) in the event of any b~a~ch of this Mwtgage w defauh on tM part of ~he MORTGAGOR, w(b) in the event any oi sa~d wms of money
herein refer~ed to be not promptly snd fully paid within thir?y (3~) deys nexl afte? :he same seve~ally becwne due ar+d payaWe, witlwut demand w notite,
or (c} in ths event each and cve?y the srip~rlations, egrecmenn, conditions and covenants of ss,d promissory note a~d th:s mortpaq~ aMr w eitha sr~ nol
i~ly, promptly and fully perfwmtd, d~xharged, executed, effecttd, comp~eted, comptied with snd abided by, then ie either or any such ev~nt IM said a¢
g~egate wm mentioned in said promissory note Ihen remaining unpaid, with in~e~est accrued, and all mooeys sec~red hereby, shall betome dw and pay
abie forthw~th, a thereafte., a? the op~+or+ of sa~d h10RTGAGEE, as (uily and comp:eiely as ii atl of tha ssid wms of money were orginally stipulated
ro be pa:d on such day, anything in sa~d prom~sswy note or i~ th:s Mortgage ~o ihe contrery ~otwithstanding; ar+d thereupon or thereaftx ~f th~ option of
said MORTGAGEE, without notice w demanJ, suit at law w in cquity, therefore or thereaher Degun, may be prosecufed u if all moneys setured hereby'
n;d matured pnor lo its institutior+. ~
7_ That in the event thbt at the beginning of or at any time pend'+ng any suit upo~ this Mortgage, or to fweclose it, w fo retorm if, w to ~nfo~c~
payment of any clai~ns he.eunder, said MORTGAGEE sha~l apply to ~he Cou~t having ~urisd~ction thereof foi the appointrnMt of ~ Reteiver, suth Cwrti thall
iorrhwith appoinl a receiver o( said mortgayed p~opcrty all and siagufar, i~ti:lvd~ng a!1 a~xl airr~uls~ tht intome, prolits, iswes ~nd ?evenues from whstere~
s~v~ce derived. each •nd every of w:~ch, ~t being ezpressty unde~ssood, is hereby mortgaged as if speufically set forth ~nd de~tribed in tlr yr~ntiny snd
habendum tlauses hereof, and such Receiver shatl have alt the broad and ef(ecnve iunchons and power~ in a~ywiu entrvsted. by ~ Coutf to a Qateiver, aod
s:.:h appointment shalt be made by svth (:ovrt as an ad~nitted equity and a matter oi absolute rght fo sa~d MORi(3AGEE, rna withovf teiere~ce to the
edequacy w inadequaty of ihe value of the p~operty matgaged or to the wwency o+ mso:.cney d said MORTGAGOR o~ tM defendaMS, a~ that such
r.:nts, r:~ofits, i~come, issves and reven~~ shall be apFlied by s~ch Receirer accord~r.~ to the lieo or equity of said N10RTGAGEE and the practice of such
Ccurt. ' ~
8. To duly, promptly ~nd fully per(orm, discharge, execute, effect, complete, comply wi~h and abide by eact~ and every the stip~latiorts, agreemenb,
:ondit~ons and covenants in sa~d promissory note and ihis martgage set 4orth.
9_ That in the event the ownership of the mortgaged premises. or any part thereof, becomes vested in a person olher than the MORTGAGOR, fh~
ti'CRTGAGFE, its succeuocs and ass~gns, may; w~thou~ norce to the MORTGAOR, draf with such successw w successor in ioteresl wi~h reference fo lhia
n o•rgage and the debt hereby secured in the same manncr as with ?Aortgagw without in any way vit~atin~ or dixMryinp the Mortgsgots' lisbilify hera
-d_r w upon the debt hereby secured. No sale of t?.e ptemises hereby moi~gaged ar.d no forbearante on Ihe psrt of the MORTGAGEE w its successors
x ass:gns and no exrensEon o( the time for the payment o4 the deb~ he.eoy secured g~ven by the MGRTGAGEE or ib suttessas Qr usigns, ahall operate
ro re~eaae, d~sch.arge, modify ch~nge o~ aftect the o:igmal I=ab~t~ty of ~he MORTGAGOR herein, either in whok or i~ put.
i0_ It is spec~(~cally agreed thst time is ot the e:sence of tl,~s co~tract and that no waive~ of a~y ob~~gatyo~ hareu~de~ a of fl+~ oblipation se-
~.;~e~ he~eby sha~i at any time thereafter be he~d ro be a wa~ve~ of the terms hereof or of the instrumeM secured herby. -
11. In add.rio~ to the forec3o:~g morth!y E~aymenss oi pr~nc pal and inrerest requ~red by the promissory note secured htreby, mortgagw eov~nanis
~ d agr~s to pay to rso:tgagee with each mon!hiy paymem an add~r]onal svm e:ti~~;ated by mortgagee to be equal to 1~12 of the annual tost of the follow-
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A-AII real property taxes ~evied or aisessed agai•~st the above dexribed real estate.
B-Pre~R=un,s cn fire and windstorm,insurarce as here~n_ requ;re~ ~o be carried on the improvements situafe on the above desuibed premises.
C-Premiums on such mortgage guaranty irtsurar,ce as mo•tgaget shail from t~me to ti:ne deem fit to carry on the (oan secured hereby.
Mortgagee sna~l frcm time to time r.ot~fy ma.tgagor ~n writing of the ar..ount due and payable hereunder snd such sum shall thereupon be due and
;~vab`e on the dve ciate of the next monthl~ payment and each s~cccssive month thereafter ur.til mortgagee shall notify mortgago? of a cFv~nge in soch
o~nt. $uch swns shall be applied by mortgagee toward the payment oF real property taxes, infurance premium~, and mortga9e guaranty inwrante
~ e•ni:lms.
~ IN 4YITNESS VlHERfOF. the sa~d MORiGAGOR has hercunto sct his hand and seal the day snd yesr fint aforesaid.
' Signed, Seated and delire~ed i the prexnce of: ~ ~
f ~~~Q ~?i: r;t~r~~ ~ n
y~. t,ueiE ~vswr+r w~. • ~ ~
E • - / P.UGL!, 30~Tt~J~;
- - ERK ~.~•~.YiT Ct1t1~ ~ 0
. P~C.C ~ '.'rr:F~f-C~~ ~
. - ~ ~
. S~ A i E OF FlOQ10A~~ ni iv S 5.' ~ ~JA n~ ~ fl ~ 31 V~,~~~ ~ i7 I
~OU!JTY Of
~ G. He~ry Sch~veitzer
Before me penonally appeared
T,O1S Sehwe#tser his wife, to me well krawn and know~ to me to bs
t^e individuals descr;bed in and who executed the foregoing instrument, and xknowledged before me that tF~ey executed tF~e same fw the purposes
the~ein expressed. And the sai~ LO15 Sch~reitzer
N;,p ,f r~„ ~ G. Henry Schvreitzer ~ , ,~,t, ,~,d R,~„~
e• rminaYron by me taken xparate and apart from her said iwsbsnd, sdcnowkdged ro and .6efor~ m~ tt?~t she eaecvted said iratrvment freely and volv~
!a-~iy and w~thout sny compulsion, comtraint, spprehension, or feu of w fiom her said husband.
W ITNESS my hand and offic~al xal thi day of A. D. 19~
Notary Pu ' fw the State of Florida ~L y!~
~ My Commiu'an ~pires: _ " . . ~ ~ ,
; Retum To: ~
- ~ .
~
~ First Federal $avi s 6 loan Assotiation y,~,.~,
~ ~ d~ •"!"~:7: . .
~ Of Fort P~erce. ~ ~
P~.
~ fort Pierce, Florida e _ ,-c
~ N1r Ca~n~i'~ia` Expin` J~'f-~ . ~:c -
's ~ ~'I .
, • ~
This Instrument P~epared By ~1. Hal '~berts, Jr. ~
' '+=i2?:'s>.~s
First Federal Savings 6 Loan Association
of Fort Pie e~ Florida 33450
~~e~k ao~K 243 Pa~f 2158 _
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