HomeMy WebLinkAbout1651 3. To placa and conr~nuousiy keep on ihe bu~~d~r:gs now or hereafie~ ~~tvate on ca~d ~and and on aY eq~~p~nero and personsily cove~ed by this mortg~
age, with atl premiums thrrcon p~~_ ~n
~f;1, Gre ~na~rence in ~hr us„al sta~wi~rd 4.o!~ty io~m, in e tum apNroved by the MORiGAGEC, and windstorm
inwrance io ihe uzua) s~andard pol:cyTorm, in a wm epprored by ihe MORTG~IGEE, in wch company o~ companies as the MORTGAGEE may
dired; and all fite and w~nduorm insu~a:Ke pohcies on a~~y o( said i~u~ld~nys, any iMeresl therein or psrt fherepf, in ths aggregate sum a}ortsaid or
in eacess thereo(, sh~ll cunta~n the owat sr:~~;d,,:J n,orty.~gre clause a~ wch o,hr~ c~~.,sr as the Mortgagee may requ:ro, maA~rg ~he lou unde~ sa~d pot~
c~rs, each and eve~y, payeb!e to iaid hIORTvAGEE as ~ts in~croat may eppear, and each and eve.y wch pc,l~cy sha~l be prompHy assgr.ed a~~ddelivered ~o
any hetd by said MORIGAGEE as (urthai seturity to aaid mortflage dabt, and, not ttfs ~1~en te~ (10) dars in ad.ance o1 the expirst~on of each polity, to ds- ~
Gver lo sa;d MOR1GAGfE s renewal the~aof, togethet wi~h a rece~pt ior the p~r~n~,;m ot such renewat; ar~d thrre shall be no Gre or windstwm insurante
placed on any of said build,ngs, any interesf thrrcin a par~ thereof, u~iess ~n ~h> ionn and w~th the loss Nayable as aforasaid; and in ihe event any sum
of money becomes payable under such policy w policies s3~d MORTGAGEE sh,ll have the ophon to receive a~~J apply the same on accowU of the i~drbted-
ness iecvred Fkreby w to prrmit saiJ MORTGAGORS to recerve and uie it a any p.;r~ m~~~coi lo~ o~~~+^ ~:~r, csrs. w~t~~cvt ~h_.~ i~, ,rr~,~:+ -3 cr nnp,;ir- •
ing any equity, lien or righf undar p by virlve of this morcyage; and in the event ia~d MORTGaGORS shatl for aay reason fail fo keep thc said premistf io
msured, or fail to deliver prwnptly any of sa+d po6ues o) insurante lo said MORSGAGtE, or fad ~xomptly to pay (uiiy any premium thcrofor or in an~
respect fail to perform, distherge, execute, efFect, comN:ete, canply wiih and ab~de by this covana:», or any part ha~eoi, said MORTGAGEE may place a~~d
pay fw tuch insurance or any pait thereof wifhou~ waiving o: affecting any opt~on, li_n, equny, o~ right under w b~ virtue of this Mortge~e, and the
full amount of cath end every such payment shalt be immed~ately due and payaWe and s~all bear ~nfere3? from tha date ~hcreof wrtil paid at ~he rate ol
n~•~e pe~ cemum par annu~~ ~r.d fcgrtr,~~r vvi!h s~ci~ ~nte~rit shaL L•e iacured by the i~en of thia mortgjge.
d. To permil, commit or w(ler no waste, impa~rment w deteriu~at~on of sa~d property or any part thereof.
5. To pay all and singular the costs, charges and ex~xnses, ir.ciuding a~easonab!e atforney's fee and costs of abstracts of fitle, incurr~d or paid N
any time by aa~d MuR1GAG:E, because or in ~he event oi th•_ fa:ture on the part of ~he s~+d h1pRiGAGOR ~o duly, pranpNy and fully pzriorm, d~scharge.
axrcute, efFed, complcte, comply wah and ab.de 6y each aod eve.y the stipulat~ons, agrerments, tendit~ons, and covenants of sa~d procnissory note and this
,,o~igage any or e~~her, and sa:d cos~s, charges and eapense:, each and every, shall be immnd~ate~y due and payable; whether w not there be not~ce d>
mand, atternpt to co~lect or suit pe~d~ng; and the fulF ar~wunt ot each and e~ery svch paymem shall bea~ inr,;res~ irom the date ihereof ~ntil paid st the
~<< o~ n,ne per c~•nt~~~~ Her annu:~,; an~ a~l sa~d cos~s, cnargrs a+~d c,c;.~~~,ses ~nc~rred or pa~d, togethet w~th s~ih interest, shall be secured by the lien of thu
mortgagB. '
6. ihat (a) in the event uf any breach of this Alortgage or d~fault on the pa•t of tl~e M,ORTGAGOR, or (b) in the event any of uid sums of money
h~ rein referred to be not p:ompNy ar.d fully pa~d wlrhm th~rty (3J) days r.eat a•r_~r the same severa,ly become due and payab!e, without demand w notice,
`r tc) in the event each and every the stipu'aticns, agreements, cond~ticns ar,d covenants of sa:d promissory note and th~s mortgage any o? either are not
i~:v, pro+nptty and f~1ty pe~for=ned, d schaiged. ~~xrcuecd, effecr;:d, to~npieted, cemp::ed w~th and a6~ded 5y, then in e~~her w any such event the said ag
3re3ote s~m mrnrioned in sa~d p~omisso.y ~ore fhen ren,aining unpaid, wirh inre.e;t accr~ed, and a:t moners secured hereby, sha11 `uecome dve and pay-
ao e fo~thwith, or thcreafter,- at +he option of s~~d NIORIGAG~E, as fuliy and corrp:etely as 7f ai~ of ~he said sums of money were w+g~na~ly st~pviated
!cr ba pa.d on svch d,:y, anything in sa.d pra~:~ssory note or in this blongag_~ to th_ co~1!rary notrvithstand~ny; ard thereupon or thereafter at the option of
sa.d MORTGAGEE, v~,i~hout not~ce o. de~nand, su~t at 1aw or in cyu~ty, the~efore or thereafrer begun, may be prosecuted as if all moneys seccerd hereby
~:d mat~red pnw to ds institulton.
7. That in the evrnr tl~at at tne 6eyinning ~;f cr at any t;me pending any su:t u~.~on tl,;s ta.artgage, or to foreciose it, or to reform i?, or fo enforce
. - ~ ~~ent o( artY ciaims herev~:der. said l,AORTGi.i,-F ~h:lt - .,I.. .6~ r.,.... i,~.. . : i__
- .._...-.y ~ :.....1.c-: ...c oryv~.-~t.~~Ei~i ~i Y SCl@IVNI. Su~n Loti~t Sndll
•;,;rh appoim a rece~.e~ oi s_id rro~!ga3_d prc,:.,•ty nSi and•sinqu~a~, inc;~d~^g ~i: .:~~d s~~~yu'ar t!e ~ncome, profits, issues artd revenues from whateve?
s. :-c~ t~er~~ed. c.,;i~ aad e~Fry of hliifi, Gc~ny ~xpress'y uriderstuod, is h.e:cur ~rc,z';a~cd a5 if spet~fi%aily Set forth and (~esCti6ed in tFK g~anting and
F~;:_•::dum ca~~ses hrr.of, and s~xh Rcc_~ver sf~:~ii h=i~~ a~~ the brcad a•ad effecrlve f;:~-~ v~~s ~nd pov:ers in any•a•~se ennusted by a Gowt to a Receiver, and
s.r~ a~ppinTmc~11 ih3!: be made by sv:h Co~rt as an ~d:~,ittrd equ:!y and a r:ancr cT atsowri r;ght to said ASpRTGAGEE, and withcut reference to the
,,o:,cy or inadrq~acy o' the valva of rh~ pror.rrty mortgaged or to the so.venc~ ~n ,~:so:vznc~ of sa+d N~ORIGAGOR or the deFendants, and that suth
~s. profits, in;on:e, ~ssues a+:d reverues sha7i Lr apy:~ed 'cy wch Recr~ver sccoru,.~_~ tu ~'r:e iien or equity of said MORTGAGEE and the practice of such
~...,rt.
3. ~o du~~, p~o~~•~.~;y an~ fu~~y ~er!o•rn, d~s:'r,arg.•, i•xFcure, effe:t, co~++i~:et,~, c~•n~,:~ v.~;th and abide by each and every the stipu~ations, agreements,
~-~i~t:cna a~d c.:~e~~anrs m r.;.,i prom;s~o~~ nore ar.d m~s ~nongage str 4orth.
9. Ihat in rne e1•~nt the o.vnersh~p of the m~rtgagcd premises, e- any ~:art th~reof, becomes vested in a perwn other than ihe MORTGAGOR, the
.;;RrGaGEE. ~}s s:,:o- ss,.+s ~~d .~ss~j~.s, may, •.v~rh;,•;t no~;;~ ~o !ne :1i;R;G:~OR, dee: a•~rh such w.cessor or wccessor in interest w~th reference to this
~'tgayc and th~ ~.:;:t 1:~•.-S;y secured in the sam~ r.:~nne~ as v~~th 1:1orf: a or w~ttrout in ar, wa vit:ati ~
J 9 Y y ~+g or d~scharging the Nbrtgagori liability hero-
''i.rr or upon th~ ci,•bt i~„rebr >ecurcd No so of tt•r Fre ~:ases hcrcby +ncrtgaged and no forLearence on the pati of the lAOR7GAGEE or its sueCessors
ass~gns and r.o e~r~rs~o : cE rhe ti,,,e fc• rn~ payT.enr cf th. debf h•~reb~ secured g~vea by the MORTGAGEE or ita successors w ass~gna, s~ all operate
~o re~ense, d~scharge, rr:cd~iy ch,ng~ er asfect tne on~~aai 113Jti:~y of the N,GRTGAGOR herein, either in whote or in pa~t.
10. It is s~ ec:E~:a~Ey ag.eed tha~ t~•~;N ~s of th~ BSS°^:@ of ~h~s co~tract and that no waiver of any obl~gation hereunder q of the obligation se-
c.,•ed hareby sha!~ at ar,y tirr.e thereatter 6e hetd to t~_ a w~~~rr of the terms herecf or o{ the instru:r.ent securrd herby.
I1. In ;~;i.r~.: ri~c. ~~n. :e .r1: ~~:a;-•..,~t. ct ;:n:•c ~:ai and i"re~cs! req~::ed by the prom'sscry no~e sec~red hereb~, mortgagar eovenants
: agr~~es to ray ro c or•q~q.,e ..r.F, rac'h •,F, r;:.~., ent an ~;tc:r~;,nai s~••n _ a!:.d by m.orrgagee to be eq~al to 1 12 of the annual cost of the tollOw-
A-AH rea' F,ropc•riy t»_•s e~~E~ J.' d;5?~S_:: oy~:.5: t~._. ai:~.~~ d•:>c~iccd r_al esrat~. .
B-ar-n.~~•.s on fire d~l~ ..rt:C{5t~)•r~. ;t'SU~J!C!~ as ha•cin .~.;u;red rv bF• c~r•~:d c~~ the ~m~;roveme~ts s:tvate on th~~ above d^stribed premises.
C-Prer~e:,~~~s o~ svch r~u'!~._e yvorur`.ty irsvra~:~ as mc-tg3^y~~ snall f.c r tn~ ro time deem fit to carry on the loan s^cured he:eby.
' 4?o~'~agee r~, ~ trom !:••,a c i>~e c iy n.~;t,,:3;:~ .rt r,rit;ng of tn.~ , r~,;-~t J~e and payabie heraunder and such sum shall thereupon be due and
; .,:i>!e on thr du_~ cia•~ ci !f,e _.r •:.~-ry ,,.,y..,~; i ~,:3 e-~ch succeszfve ~.a:th ti:~~;eai!,. vr,ti; mcrtgagee shall notify mortyagor of a change in such i
~nt. Such sunu s~a.. be apE. ~ed ty rn~rt~ay,e 7oa.~-;i tiie F;ay:rent of re,l proFerty iaxes, insurance pre+n.ums, and mortgage guaranty insurante
~',J~15.
~i IN ~YITT~ESS `NN=REGF, thA sa~d r,t TGAGGR hcrcu-+to set ~s h3r:d~and scal the day an y ar first aforesaid.
~ SEgned, Sea~ nd de'~ve~ed th e ence o• l~ C~J~`/`^^"
~ CV c~'~oe~~-~`' ~ ~ ~ r- ~ ~ ~uQ tJ _
i _ ~ Wal r~_ W' ~w~~h oward W. Martin ~~an
~ ~ ~~litnesses `~-~f1~t~~~~~o ~T ~1Q1,7.~~.~ ts~an :
€ Grete Biastoch Gertrude T. htartin ~~a~>
f fl~tl~i lHOM1( ~ ' oJ
E i E OF F~Q~( Si?iE l~IM (~IY OF ~
~ HEi[ IIMC a/u5lS1AlT 411tf~
~ ~.'~:TY OF _ t~ISft~1F it~tlll irs iff G:iS^ce S~~` t .
i Before me persor,ally aapeared _ I~OWarCi w. Dtartin e~
~ Gertrude T. Afartin his wife, to me well known and known to rt?e to be
~ t'• ~ individua(s describrd in And who exewted the foregoing instrument, and acknovlledged before me that they executed the same for the purposes
~ _'ein expressed. And th•_ :~~d_ - Gertrude T. Martin
~ of fhe said _ ~w~~ti~W• Martin opon a separate and private
~ nariun by me taken~separ e~c1l~Pap frbp~ her said husband, ac~cnowledged to and before me that she execured said instrument freely and volurr
~ and w thout an~Atufn~u~f~Nf;'tof¢~~it, appf4htn~sLn, or fear of or from her said usba d.
} 11zri Se ~em~er
s Y/IiNESS m~c hattf y~ry! n~fiua~~seal _ day of- p A. D. 19 'S
~
t'~ ; ~ ~ ~ n ' ~ - ~
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e •1~ r . ' l ~RD~p ~~~76T~dCxXXd~167C 7CttiY i7I]rr~i1C
~ EO y: 'k' ~ y ~ My Comm~ssion expires: ;
~ . rRetum Lo::'~ . , ` ~ F Il. ~ ~~uNj f ~ ?
; r;rst Federal.Sivtng~ l~:toan Associai ~t F^~ E: ~•ti' Y?C5~~1 ~ AntftsnyCeg~lo
~ o~ Fyri.' R~~,Le. ''-.z''~'` _ l~ t~ ~ t3 ~ Vks Consul ot the
~ Forr Pi~i~,• lott~.w.~~' p F ~.^.c j` `^~r ~$~B~Yi 0~ NI~M~
_ 9 ~'M'~~ ~
? ~ - - Oc~ 1 3 2 :
£ ~
F
~ This Instrument Prepared By Richard E;. KayeS ~ F
~ F~rst Federai Savings 8 loan Association
; of Fort Pierce ~ Florida {
~ Checked B~ p R ~ F
Y
~ $00~~44 PACf16~2
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