HomeMy WebLinkAbout1952 To place and cominuouily keep oo tl» build~ng~ now a hercaf~K ?itu•te on ~~id land a~d o~ ~Il equipms~~ ~nd p~rwn~lly covaed by thi~ mor~p~
sy~, with all prtmiumi thereon paid in tull. fire insurance in ths u~u+l starderd po!icy torm, in ~ wm appoved by th~ MORiGAGEE, a~d wind~rrn
in~u~~nc~ in tM u~wl s~~nd.~d po~~cy fwm, in • sum ~pproved by ~F?~ MORTGAGEE, in ~uch tompu?y w comp~o~p u tM MORTGAGEE may
d~~ectj and sll iir~ and w~odstor~n inw.ann policies on ~~y of ia~d bu~~d~ngs, ~ny iNerest tMrein or parl thtr~ot, i~ ~M ~ppre9aq wm ~fw~iaid a
In exceu ~harwf, shall conuin the usval standud mor~flayM clauss or tuch othe~ tlaus~ ~t th~ Morlq~gee may rpu~r~. matinp IM lots undN said pot~
ciss, each and ave+y, paYab~e Io sa~d MORTGAGEE st ib intrresl may ~ppear, and each and every wch policy shal) b~ pranptly us.9ned a~+d delive~td b
any held by ssid MORTGAGEE as fvrthcr ~ecurity ~o wid matyage deb1, and, not less tMn ~en (101 dayt in advantt of IM ~apuNion of exh policy, to dt '
llver to uid MORTGAGEE a ~enewal thereoi, tope~Mr with a receipl fa tha p~emium of tuth renewal; and IMr~ shall b~ n0 f'u~ o~ wi~storm InsuratK~
pt~t~d ot~. ~ny of said buildirgi, any ineerat tfiN~in w p~rt rhercof, unl~~s in ~ha fo.m and w~th tM bu payabl~ ~s aiwesa~dp and in the svent any tum
of n,or~y beceanes p~yable unde~ such poticy or policies said MORiGAGEE shall have tM opt~on ~o ras~ive ar+d ~pply ~M sana on ~ccoun~ of tM indsb~ed~
nefs setu~~d hereby w ro permit said MORTGAGORS to reteive and ust it a any part thereof tw otncr purposet, wi~hout thrreb~ waivi~g w~mpair•
ing a~y equ~ty, licn a right under w by virtus of thii nior!yge; snd in tM evero sa~d MORTGAGORS ihell fw any reawn i~i) 1o keep the said p~emises w
insu.ed, w fail lo deliver promptly a~y of taid policies oi insuranc~ to said MORTGAGEE, a fait promptly to pay iu~ty ~ny premium ~herefw a in any
re~pect (ait ro pe.to.m, d~xhsrge, execvre, efiecb complere, comply wi~h u+d ~btde by th~s cwenan~, a~ny part !~er.of, sa~d MORTGAGEE may pl~u ~nd ~
pay for tuch insurante or any pa?t theraot without waiving or ~(fectinp anr op~ion, lien, equity, o~ righl under w by virtue of thi~ Matgag~, and tht
f~ll amount of tach and every suth payment shall be i~nmed~a~ety due and payable snd shall besr inte~est irom ths date lhereof until paid +t the r~1~ ot
n~ne per ce~rum per annum and to~zther wi!h such inreresf shail be secured by Ihe iian oi this mortgage.
1. io permil, commit or tu(fer tw waite, imp~irment a deter~oration of said prope~ty w aey pert thereof.
S. To pay all and tinyular tM costs, cherges ~nd expenus, i~ctud'+ng ~ reasa~abb sttorney's (ee and costt of abstr~tls oi titl~, incv~red o? p+id ~1
eny tim.e by sa~d MORTGAGEE, because a in rhe event of ~he fa~lure on ths part of ~he said MORTGAGOR to duly, promptly and fully pe~iwm, diuharg~,
execute, ef(ed, complete, comply with and ab:de by each ~nd every the stiputar~om, agreemenn, condifioro, ~nd covenants oi said promisswy nots and ~hi~
mertgape ~ny w e~ther, and sa:d cos», ch~~~es and expensas, cach and tvcry, shall be immed~ately dve ~nd paysble; whe~her p not there be notice do-
n,a~d. eteempl to coIIM o. iui~ pend~ng; arxl ~he fvll amoum of each and eve.y such paymero ~hall bear in~e~ea from the date the~eoi until paid at tl+e
r. r~~ of nine per centum per anuum; and ail said costs, chargea and e,eprns~s incu~red or paid, logethcr w~lh tuch iNeresf, sM11 b~ secured by ~he I~en of ~hu
mortgags.
6. Ths1 (e) in the event of a~y b~each of thit Mortgage w defautt on the part of the MORTGAGOR, w(b) in the evenf any ot said swns of ma~ey
here~n relerred ro be no~ p~ompily and fully paid wirh~~ th~rry (30} days neat aiter Iho same uveratly beconx due ~nd payable, withou~ d~mand or eotice.
?~s ~~~^t ea:M ar:d a:rry the stipu'ations, agrcemenN. cond~tions ar+d covenants of w~d promissory note and th:a matgage any or ei~her •r~ nol
iu!y, pro.nptly and fully perforn,ed, d~xharged, executed, ellecred, comp;eted, complied wi~h end ab~ded ~y, then in either w any such ewnl the taid ag~
~regate wm mentioned in said prom~sswy note then remaining unpaid, with intere;t acc~ued, and all money~ secured hereby, thall become due and pay~
ab!e forthwith, or therea(ter, at the option o~ aa~d MOR7GAGEE, as tully •nd compietely as i( atl o( the said suma of money were orginally ttipulated
ro be pa~d on such day, a~ything in aa:d pro:n~ssory note w in inis Mortgage to tt~e conrrary notwithtra~ding; and thereupon w Ihereafter al the option of
sa~d MORTGAGEk, wi~hout nonce oa demai:d, suit at law or in equity, therelore w Ihe~eafter begu~, may be prosecuted as if all moneys secured hsroby
nad matured pnor to lrs insfitu+ion.
7. That in tha event ihat a~ the begin~tng of w at any ume pending any w~t upon this Mortgage, or to fwecbse it, w to rofarm it, or to enfwte
coyment of any claims hereunder, said MORTGAGzE shall apply to ths ~~~~np ~urisd~ction thereof iw ~he appoinfinenf of a ReceivK, such Courf sMll
rc~~hwith a;.poiM a rece~ver of said mor~gaged property all ~nd singular, indud~ng a:l and singu~ar.sky~income, pro(irs, isfues and revenue~ (rom whNever
sc:rce der:ved, each arxl every of wh:ch, it being capres~iy underssood, is he~eby morrgaged as if specifically set fpt6 and deKribed in the yranting a~
~
habend~m rauses hereof, artd such Receiver aha~t have all the broad anrl effecr~ve funcucns and ~
powers in ~r?ywiu entrufted hy a Court to s Reteiver, ~nd =
s_ch appointment shall be mjde by such Court as an admitted eqvity ar.d a matter of absowte right ro said MORTGAGEE, and without reference fo ths
edeyuacy or inadrquacy of the va}ue of the property mortgaged or to tMe so~ve~cy o+ ~~~sotvency o( said MORTGAGOR d the defendants, and that such
r~•~ts, profits, incane, iuues and reven~es shall be applied by such Receivrr accord~ng to the lien or equity of said MORTGAGEE and the prattite of such
Court:
8. To duly, promptly and fully perfwm, discharge, exccute, effect, compiete, con~Nly with sr+d abick by tach and evay the stipulatior», agtcementt,
;onditio~s and covenants ~n sa~d promissory note and ~his mortgage set forth. ~
9. That in the event rhe ownership of the mortgaged prem~s•_s, or any part thcreof, becomes vested in a penon other thsn ihe MORTGAGOR, fht
.ti•; RiGAGEE, +ts successors and ass~gns, may, wi:hou~ nc+.ce to the MOR7GAOR, dea: v~ith. such succtuor w successw in iMerest with reference to this
n or~gage and the debt Fsereby secured in the same manner as w:th 6tortgagor without in any way vitiating a discharginp the Mo~tgsgori liability her~,
~~der or upon the debt hc~eby secured. No sale oi the Fremisea hercby mo~tgeged and no fo~bearance on the part of tht MORTGACaEE o~ its suttesso~s
or assgns and no execnsion of the time for the payment of the debt h^reby secured given by the MORTGAGEE or ih suttessors w usigns, shall operate ~
ro releau, d~scharge, madify change or affect the or~ginat ;iau~6ty of the N~ORiGAGOR turein, either in whole w in psrt.
10. tt is specificat{y agreed thst fime is of the esxnce of this contract and thaf no waivM of any obfegation hereundtr or of the obligation sr
cured heteby sha!i at any time thereafter be held to be a w~iver of the terms he~eof or of tFK instrument stcured herby.
, 11. In add'tion to thg fotegp:n~ montniy paym-ms of pr+nc'pat and in~erest requirsd by tt~e promisscry note sec~~ed hereby, mwtyagot covenants
a~~d agrees to pay to rrsortgagee wnh each momh~y pa~~:~ant an aodirionj! sum rs!~m.ated by mortgagee to be eqval to 1 f 12 04 the annwl cost of the fdlOw-
'
A-Atl real property taxes levied or assess_-ci aga~~s! th: above desv~bed r~at estate.
8-Premiums on fire and windstam ins~rar:ce as herein req~:red to be carried on the irtsproveme~ts situ~te on the above dexribed premises.
C-Premiums -x`qdge guaranty ins~+a~ ce as mertgagee shall frorr. t~me ?o tirne deem fit to wrry pn Ihe ban setured hereby.
- Mortgagee shril from time to time nor,/y mortgagor ~n wriung of the a~r:o~m due and payable hereunder and such sum shall thereupon be dve and
c+;ab1e on the due date of the next month:y payment and each successive month thereafter vr,til mortgagee shall notify mwtgagor of s change in suth
r~• ount. Such sums sFall b~ apptied by mwtgagee to~uard the payment of real p~operty taxes, ins~rarxe prem:ums, snd mortgage . guaranty insunnce
c,. e ~r. i umf.
~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal tF:e day and ye~r first afaesaid_ .
~ igned, Sealed and delivered in the presence of: ANC F.ECOROED ~ ~
FIIED ~ ~
j ST. LUCIE ~OUNTY FIA. ,L~ ~a~
RO~t~' PCtiRAS ~~n
- ~~fs~K ~;,~~}1t COURj
~ j~ - QcCC~~: •,•raif~:0 ~ -
l f' " (Sea~
~ 5':,TE Of FLORIDA OC` ~ ~ '
~ ~ ~~~rr oF ~ ~~.u~~e ~ ~ 3~8'71~
Be1we me pe~sona{ly appea~ed Willias E. ~C~06
~th1Q~l1 M. ~Qe ~ his wife, to me well krawn and krawn to me to b~
;h_ ~nd;vidusis descr~bed in and wFw executed the foregoing instrumem, and xknowledged befwe me thai they executed the same for the purposts
~ rhe~ein expressed. And the :a~a- Kathleen t~. ~q~-
Wll l~~ B • 1
+:;~e of the said ~9Q upon a sepuate and privat~ ~
~.aminat~on by me taken separate and apart from her said husband, ackrawledged to and befare me that she exetuted said instrumeM freely u~d voluo-
+ar~Iy ar.d w~thout any compuision, constraint, apprehens~on, w fear oi or from her said husband. s
WITNESS my hand and offic:el ual ~h;~_ 3rd day of ~ ~Y A. D. 19 75 .
~ \
~
~ ary Public in and fw the State of Florid~ at larpe
~ Commission ezpires: ~ . .
Retum To: !#n:ory ?c',l~c, S:ete of Frorida at larye
~ first Federal $avings a loan Associat;on N.y Cor.i:~::s-oe :~piras Apri) 1S, 1970
~ Of Fort P;erce. lond~d b~r M~ericon fire i Cowoly Co.
~ foit Place, florida ;
:
~ - -...~~i. `-~.I jt~i t
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~ J~~..,~~i~~~~ ~ x
~ This Instrument Prepared ByJ. Hal Robe]Cts~ JZ. ~
. ~ ~ :
First Federal Savings 8~ Loan Association ~ f: : a. ;
. : =
~ of Fort Pierce , Florida 33450 ~ R ;'y0' , p,. - ~
~ ~Q 600K~~~ PIIGf ~ - ` ~ ~ = :
~ Checked By/~d~ ~J~ :;z . d'b. ` v y ~
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