HomeMy WebLinkAbout1141 To plac~ +nd con~inuou~ly keap on the bui:d~nps ~ow w Mroafte? ~1twt~ on tait! I~nd ~nd on ali equipm~nf ~+d penoa~lly covK~d by thi~ enortQ~ .
aQ~, with ~11 pr~mium~ IMreon pa~d in full, fire insurance in ~h~ ususl ~ta~dard polity fam, in ~~um approv~d by 1M MORTGAGEE, and winibtara
inwru~n i~ tM Jwal standa.d poi~cy fam, In ~ sum •pprov~d by ttk N10ATGAGEE, ln wch canpany or compa~in a tM MORTGAGEE rnay
dir~J ~nd all f'u~ u?d w~ndito~m inwru+ca polKias on u~y of saW build~.gs. ~r1y iflt~fNt fIN~N~1 01 pi/1 tFN~W~, fn tiw ap9rt~at~ wm afor~said a
M~acea IhNwf, sl+~ll contsin tM wwl sundud mor~pa~ clau~ or such othN daus~ ~i ~M Ma~y+gN may reqvk~. maklnp tM Iws und~? Nid poli~
cies, e~ch and ~wry. paYabN to s+id MORTGAGEE a iti inrerest may appea~, and ~ach and ~very such poiicy ~MII b~ promptly aa:qned a~d dtlivtr~d to
~ny MW by said MORiGAGEE ~s f~~ther ~ecurity to taid mortyage d~bt, and, no1 ksi than t~n (10) d+Y~ In advanc~ of th~ ~xpir~tan of Nch polity. 1o d~-
liwr fo ssid MORTGAGEE • renewal the~eoi, to~e~her with a rec~ipt tor .~M pt~mium of wch renswaij ~nd ihtn ~i?~f{ bt e0 fKa ot windstam insurant~
pl~ad on u+y of said buildinps. ~ny i~tere~t therei~ or part thereof, unless in the fam ~nd wi~h ~M bss payaEl~ ~s ~foni+id: +~d u+ th~ ~ve~t ~ny wm
of mornr becorn~s pay~ble u~ ~uch policy o~ polKiss ssid MORTGAGEE sMll Mw th~ option to receive ar+d apply tM sam~ on ~tcou~l o( th~ indebt~d- r ar
ness iKUrtd her~by o~ b pe?mit qid MORTGAGORS to recsiv~ and u~ it w any parf ~fKreof fw other purposes, without thaeb~ waivin9 a m?pair-
inp any p~cty, li~e? o~ riphl under or by vutw of ~his mortyaye; ~nd in ths ~ve++t aid MORTGAGORS tFwll for ~ny r~awn f~il ro k~ep the uid pemiset w
lnsured, or ~ail b ddiver promptlY ~^Y of said policief of insu~ant~ to said MORTGAGEE, a fai! promptly to pay fully ~ny pranium ther~fw o~ In any
r~speN f~il b p~rFam, d~stharge, executs, effec~, complete, comply with and +bid~ by tNs tovena~t, a any p~rt htr~of, iaid MORTGAGEE rnay pl~c~ and '
paY fot tutfi Irauranct o~ any part the~eof withoul w+ivinp o? afftdir?p a~y option, li~n, equity. or riyht under w by virtw of this Mafyap~. ~nd the •
full amount of each and ~v~ry wcA paymeot shall be immcdiately dw and paysble and iha11 be~~ ints~est from tM dat~ thsreof uNil paid at the ratt ol
nine per ttntum per annum and togrthe. with such interest shatl be secured by tM lien of thii mortyape. ~
1. To pNmit, commit a suffer no wash, impaGment or deter'aration of 3~id ptOPNty OI My ~ilt tFlQtpf. 0,
S. To pay atl u~d sinputu rA~ costs, charges ~nd expenses, including a re~sonabk attaney's fe~ ~d coa~s of abstncts of tiN~, incurc~d or paid a1 -
sny time by s~id MORTGAGEE, because or in the event of tM failwe on tlie psrf of tM t~id MORTGAGOR ro d~l~, pro~nptly and ivlly pKforo+, d~tcM~
execute, ~(Eed, complete, tomply w~th and ~b:de by each and every the stipulations, aqreements, conditions, ~nd mwnanb of said promissory not~ and thq
mortpap~ ~m w t~tMr, and sa~d cosn, char9es and expenses. each and wery. ihall be imrnsdiat~ly dw and pay~bl~s whNhsr or not ther~ bt notic~ dr
mand, snempt to coll~ct or wit pend~~g: x~d the full smoum of each and every s~rch paymeM shall bea. inte~~st ~~om tht date therwf until p~id at the
cate of rti~ per certtum p~.v sn~wm; ar~d a11 aaid costs, charges and expenses irxurred o~ paid, togNl?N wilh such int~rqt, sFMl) b~ Ntund by tlr lien of thi~
^~wtpaQ~•
6. That (a) in ~he event of any bcach of this Mwty~ye o? default on tM part of the MORTGAGOR, o~ (b) in the tveM any of ~sid ~wns of mon~y
hcr~in refared ro be not promptly and fully paid wi~hin thirty l30) daya next afier tht same teve~~lly ~ecome due ~nd p~yable. withouf dem~nd or notip.
or (~J in tM event each and ewry th~ stipula~io~s, agreerrxm~. condifions and cover?+nn of ~aid promi~sory noro +~d Mia morfpap~ any a~ith~r ~n no1
~vly. promptly and fully perfwmed. d~uhsrged, executed. effetted. compkted. tomplied with and sbided by. then in arF~ w iuch ~wnt tM said a~
greg+t~ wm mentaned in said promisswy note lhen remaining unpaid. with interest accrued, and all moneys secured hereby, sh~ll beoom~ dw ~nd pay~
able forthwith, or thereaftN, at the option of said MORTGAGEE, aa fully and complctely as if ~11 of the sald wms of monsy wer~ orgin~lly stipulated
~o be paid on such day. anything in se;d p?om~uory note w in thn Nbrtgsge to the con~rary notwiihsbnding: snd thereupon a there~her at tl+s opuon of
said MORTGAGEE, without notice or demand, wit at lew or in equity, therefore p thereafter beyun, may be prosacvted as if all motKys s~wnd hereby
had matured p~~w to its irotitution.
7. ?h~t i~ ti+~ event that at the beginning of w at any time pendiny any svit upoe this Matgage,- or fo faeclost R, o? fo nfonn tf, or to ~nforce
paymee?t of any dsims hereunder, said MORTGAGEE shall appty to the Court having jurisd~dion the~eof fw tM ~ppointment of a Receiv~t, wch CaK1 ilull
forthwith appoint a receiver of said mwtgaged property all snd singul~r, includmg all ~nd singular the iecome, profits, iuue~ ~nd nvenws from whatwa
source deriwd, each ~Rd every of wh~ch, it being eaprculy understood, is hcreby mortgaged as if specific~lly s~t forth ~nd deuribed in tM ~ramirg and
habendum clavses hereof. and_ such Receiver shall have s~l the broad and eifeaive funcf~ons and powers in anywise entnnted by a Court To • Receiwr, and i
such ~ppointment sFull be made by such Court as an admitted equity a~d a matter of absolute right to said MORTGAGEE, snd without refere~cs to tM j
edequacy a insd~quacy of the wlue of the property mortgaged or ro the sotvency w~~solvency of ssid N10RTGAGOR or the defendanri, and that such °
renrs, profits, income, iuves and rovenues shall be applied by such Receiver accord~ny to the lien a puity of said MORTGAGEE and the pr~ctict of such
Gourt.
8. To duiy, promptly arx! fully per(orm, discharge, execute, effect, mmplete, comply w~th and abids by exh ~nd every tAs sfipulations agreemenb,
conditions ind covenants in said promissory note and th~s mortgage set forth. -
9. That in the event the ownership of the n+ortgayed premises, a sny part thereof, becom~s vested in ~ penon other th~n the MORTGAGOR, eh~
MORTGAGEE, its successo+s and ass~gns, msy, w7thou~ notice to the h10RTGAOR, dcal with ~uch sucteuor a s~aessor in interest with reference to this
mwtgage and the debt hereby secured in the same manner as w~th Mortgago~ without in any way vitiating w dixharyiny tht Nlortysyws' liability h~ra
under w upon the debt hereby secured. No sate of the premises hereby moAgaged and no forbearsnce on tM part of the MORTGAGEE w its successon
or assgns and no earension of the time iw the payment of the debt hereby secvred given by ~he MORTGAGEE a ib sucotswn or assi9ns, ahall op~~ats j
~o rekase, dixharge, modify change w affect the org~nal liab~lity of the MORTGAGOR herein, either in whole or in put. '
10. It is specificaity agreed that time is of the essence of this contract and thst no waiver of any obl'gation hereunder or of the obliy~tion se- y
i
cured hereby sha11 at any time thereaher be held to be a waiver ot the terms hereof or of the insirument secured he~by.
11. fn add~tion to the iwego"ng monthly payments of princ pal and in!erest ~equired by the promiuory ~ote secured hereby, morfgagor covenants
and agrees to pay to mortgagee xith each monthly payr,ent an add~rionsl zum estimated by matgsgee to be equal to 1 f 12 of the annua) toat of the follow-
iny:
A-All real property taxes levied or assess=d against the above described real estate.
B-Premivms oe fire ar+d windsrorm insurance as herein requ;red to be carried o~ the improverrsents situate o~? the sbove desuibed premises.
C-Premiums on such matgage guaianty ir.sura~.ce as mortgagee sF?sll from time ro time deem fit to carry on the loan setured hereby.
lllortgagee shall from time to time notify mwtgagor in wriring of the amw:nt due ae+d paysble herevnder and such wm shall thereupon be due and
payable on fhe due date of the next month:y paymeN and each successive month thereafter urfil mortgsgee shall ratify mortgsgor of s change in such
i amount. Such sums shall be applied by mo?tgagee toward the payment of real property taxes, insurance prem~ums, and morty~ye yuaranty ieivrance
i premiums.
! IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and yeu fint aforesaid.
€ $igned. Sesled and deiivered in the presence of:
` ~rc ~ /G • Q
~ u ~ F~~E~ r.''- ichard G. Mads
ST. L~~I~ ~ ~~'~TY fl . 0
~ FOsth r~'~RAS ~ ~ n
. ~ C<<~F C.':::~~~ cnultT etty dsen
~ n 'I~ RFr{+an ~;~..:ric, ~
STAiE OF FIORIDA ~ ~ Or= ~ ~ 18 1~~
~
~ courm of St _ Lucie 1 ~~g~~
Befwe me perwnally 8~.~d R ic hard G. Ma.dsen ,~,d
Bettv Ma?dsen ~
his wife, to me well known and known to me to b~
~ the individualt dewibed in and who executed the foregoing instrurrKnt, and acknawledged before me tfiat they executed the sart» fw tht pwpw~s
therein expressed. And the said Betty Madsen
~ wife of the said Riehard G. Madsen upon a sepa~ate and priv~q
~ examiMt~on by me tsken separate and apart from her said hvsband, ~ckrwwledged to and before me that she executed said Inatrument fresly and volw~-
ra~ily and witbout any compuls~on, constraint, ~ppreF~ens~on, or fear of or from her ~sid Fwsband.
~ WITNE55 my hsnd and official sea! this- ~a~ day of A. D. 19~~_
~ .
'w Nwary P~blic in • or Sut~ of Florida ~t tu~
My Commission u ' es: -
~ Return io:
~ ~'jOtor,, ?v_i~, C~ Fivri,ta a. I«:~~ i
~ first federal Savings d~ loan Associal~on . . F
~ Of fott Pierce. l~ly C.r.:-:::.i;.n Eap:r.•. it.'7
~ Eor~yed by ~',m:r::cn F:re 6 Ca.u.;tr Cp.
Fort Pierce, Florida
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~ This Instrument Prepared ByGary F . Ellwood . . ~
~ First Federa) Savings ~ Loan Association '
- :
of Fort Pierce, Florida ~ '
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Checked By 8oox 244 = ~ ~ - = .
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