HomeMy WebLinkAbout1957 3. To pl~ce and continuously keep on the bui!ding~ now a he~eafrer siware on sald le„d and on a~l equipmtnf ~nd pNional~y toveted by thit mwf¢
agt, with all prertiiums lhercon pa~d m lul{, fire in~urence in 1M uwal standa~d poticy form, in a sum approved by tM MORiGAGEE, a~d windstam
insurance in ths ~iu~l qandard pol~cy fam, in a sum approvad by tM MORTGAGEE, in such tompany o~ comp+n~~s a 1M MORtGAGEE may
dir~r and ali il~~ aad w+ndstorm insvra~ce policie~ on ~nY of ~a~d bu~~d~nyt, any inferes~ thaein or put thereof. in ~he ~g9re9aq ium afa~aid w
In extt~s the?eof, shall contain tbs uwal standard mongagee clause u svch other clause as th~ Mw18a9ee may ~equ~~t, m~?irq the ios~ under u~d potl~
ci~s, exh ~nd eve.y, payable ~o wid MORiGAGEE +s ~tf inrr~est may app~ar, a~d cach and every svch poltcy sMll be prompt~Y ~ss.g~xd and de~ive~ed to
~ny held by ~a~d MORTGAGEE ~s tu~~her sccu~ity to uid mortyaga debt, and, nW l~~s tF?an t~n (10) daya in sdvance af the •xpirairo~ of each pot~cy, to dM
IivN to said MORTGAGEE a renewal ;.-?cof, ~o~e~her wi~h a rece~pt for the p+emium of such renewat; ar+d ~her• ihall be no fire or w~nd~to~m insw~nce ,
plactd on ~ny o4 said buitdings, any intere~~ ?herein or part Ihereof, unless in tha toim and wifh IM ~oss paY+ble at afae~+~d: and in ~M eve~f ~ny sum
of nw»sy becomss payabte under ~uch policy w pol~c~ss said MORiGAGEE ~hali have rhe option to ~eceivs and ~pply ~hs same on accou~~ of tM In3sbted~
nsu ietured haeby o~ ~o permit sa~d MORTGAGORS to receiw and use it w any parl the~eo+ fo~ o+~+e~ pu~poses, w~tFr~ut ~h,.eb~ wai~~~~g o~ impair•
~nQ any equ~ty, lien w~igM unde~ or by yirwa of thi~ r,we~gage; ar+d in ~F+e evens si~d MORTGAGORS shaf{ for ~ny reason faH to keep ths aaid pre~niies ia
insured, a f~il ro deliver p~omptly any of said policie~ ol insu~ance to w~d MORTGAGEE, or fail promptly !o pay futty any premium therefor w in ~ny
resped tai{ b p~fwm, dixharge, executs, effect, completa, compiy wi~h and ab~de by this covenant, a any part Aareof, said MORTGAGEE may pface ~nd
paY fa iuch insura~ce or any parl thereof w~thout w~ivinp a affxtirg any option, lien. equ~ty. w right uode~ a by virtw of ~his Mwtyaye. ai+d the
full amou~t of each and tve~y iuc1~ payrrxnt shatl be inunedia~ely due and pryable and shall bear interest from ths date thereof unsil pa~d a~ ths rat~ of
nine per ceotum pe~ annum and togNher wi~h such interest shaU br secured by ehe lien of this mo~egage.
1. To permit, tommit or sutfer no wa~te. impairment w det~r:oratio~ of said property w~ny parf f}~ereof.
S. ?o pay all and sinpv~sr ths costs, cMrges ~nd e:penses, includ~ng s reasonabfe +ttwney's fee snd costs of ebst~acts of title, lncurred a paid +t
any time by said MORTGAGtE, beca~se w in the event of the !ailurt on the par~ of ~he said MORTGACaOR to duly, promptly ~nd fvlly pa(dm, d~uharge,
e:ecute, e~fed, compfete, comply wnh and a6~de by each and every the stipulat~ons, ag~eer*~ents, coadit~o~s. and cover~ants ot said p~om:sso~y note a++d thia
n~ortgaye any w e~~her, and sa~d costs, charges and expenxs, cach and avery, shall be immediatety due and payable; whether w not thero be notice de~
mand, ~ttempt to collect oc suit pend~ng; and the iu~1 amouro of each and every such paymeM srall bea~ iNerest from the date ihe~eol u~til paid at the
rate o~ nine per centum ~r annum; and ali said costs, clwrges and expensea ~ntvnrd p paid, togtlt~er wJh such interesf, ahall fetured by the lien of thi~
mortpsge.
6. Thal (a) in the everN of any breacfi oi thia Mw+gage w default on ~he part of the MORTGAGOR, w~b) in the e~e~f ~ny of ss~d swns of money
herein re(erred to be not promplly and /utly paid within thirty (30) days next after the same severally become dve and payabl0. witlaut dem+nd or notice.
or {c) in the evcnt each and every the stipulations, agreements, co~ditions and covenants of sa:d promiswry no~e and ~h~s mortgage any a either ere not
~uly, promptly and ful~y pe.formed, d~uharged, ezecuted, effeaed, compkted, compl~ed w~~h and ab~ded by, then in either or any such eveM tfis said ag
gregate sum mentioned in said promisswy no?e then re~naining unpaid, with interesl accrued, and all moneys xtured hereby, shall betome dus and pay-
ab~e forthwith, w thereaite~, at the opeioa of said MORZG:aC:zf, as fulty and comptNely aa iS atl of the said wms of money were wginaUy sGpul~ted
to be pa:d on s~ch day, anything in sa:d promisswy note or in this Mo~tgage to the co~trary notwith~tand~ng; snd Ii+erevpon or thereaftcv at the option oi
said MORTGAGEE, withovt notice o. demand, suit af law w in equily, therefore a thereaite~ begun, may be p~oxcuted u if all ma~eys secured hereby
~zd matured pnOr lo its institution.
7, That in the event that at the be9inning of or at any time pending any su~t upon this Mortgage, or to faetlose it, Or to refam it, ot to e~fwp
payment of any cta~rr~s ~ercunder, said MORTGAGEE shall apply to the Court hav~r.g ~unsd~c~ion ~hrreof for the appo~ntment of s Receivar, such Co~rt shall
forthwith appoint a receiver of sa~d mortgaged propcrty all and singular, irctud,ng ail and s~ngular the i~come, profi~s, issues and revenuea irom whatever
s~urce derived, each and every of wh:ch, ~t be:ng eapressfy underseood, is hereby mortgaged as if spec+fically set forth and dewibed in the g?antiog snd
h~bendum clauses hereof, and such Receiver sha11 ha~a alf she br~d and e~Sective fur.ct.cns a~d powtrs in anywise Mtrusted by + tourl fo a Receive~, end
scch appointmenr shall be made by such Court as an ad:n;tted equity and a maner of abso~ute righ~ to said MORiGAGEE, and withouf reference to ihe
adeqvacy w inadequacy af the vatue oF the prope.ty mortgaged or to the so~oency or ~nsolve~cy of said MORiGAGOR a the deFendants, end that such ~
renu, profiu, income, issues and revenves shail be apolied by such Receive? ac.ord~ng to the lien or equity of uid MORTGAGfE and the practice of such
Court.
8. To du1y, prcmpt{y and fully perform, d~s:harg~, ezecute, effect, torc~pie~e, compiy wifh and abide by esch and every fhe stipvlafions, sgreements,
conditans and covenants sa~d promissory note and tti~s mo~tgage sei to~th. •
9. That in the event the ow~ership of the mortgaged prem~ses, a any part thereof, hecomes vestea i~ a pe~wn olher than the MOR7GAGOR, ths
M1'ORTGAGEE, its successors and ass~gns, may, w~thc~t notice to the MURTGAOR, deai wirh such suctessw o~ successor io interest with reference to lhis
morrgage and the de6t hereby sccured in the same maa~er as with Mortgagor witfiout in any way vitiating q d~xha~gii~g ifie Mortgagors' liabitity here-
under a upon the debt hereby secured. No sa!e of ~t~e ~remises hereby mortgaged ard ne forbea~a~e on the part of the MORTGAGEE or it~ successors
o~ assigns and no exter.s~on of tfir time for the payme~t of the debt here4y secured g~ven by the MORiGAGEE or its s~ccessws or asrgns, sFiall operate
ro release, d:scharge, mod~fy change or affect Ihe orig~nal liab+lity of thg MORTGAGOR herein, either in whole or in part.
10. It is spec++icatly agreed that time is of the essence of t1~is contract and that no waiver of any obligation hereunder a of the obligatan ae-
cvred h.~reby sfiall at any time thereafter be he.d to be a waiver of the terms hereof or oi Ihe instrument secured herby. _
I1. In add~tSn~ to sne 4o~e9o'ng month'y pay~^~nts of princ pa1 and inrerest requi~ed by the prom~ssory no!e secured hereby, mortgagor covenanta
and agrees to pay ro mortgagee w~rh each mon~h:y pay: :ent an add~rionat sum e:r~•,;ateJ b't mortgagee to be equal ro 1~`12 of tlw a~n~al cost of fFu fo!{ow-
~~~3:
A-Atf reat property ta,ces levied o~ assessed agai~st the above described real estate. ~
6-Prem~ums on f~re and windsterm insu~ar.ce as here~n regu:red to be carried on ihe improvements situate oo the above described premises.
C-Premiun~s on wch mortgage guar~nty irswar.:e as mor~gagee shall iro:r. rme to time deem fit to tarry on the loan secu~ed hereby.
j Mortgagee shail from rime to ttme noT~fy mortgagor in writ~ng of the a~rou~t due and payable hereundar and such sum shall thc~eupon be dve and
f payable on the due oate of the next mo~thty payment and each successive montfi thereafter ur.til morfgagee shall notify mortgaqw oi a change in s~ch
f amount. Such sums sF.ail be appiied by mortgayee tovvard the payment of real property taxes, insurance prem.ums, a~xl mortgage guaranty inwtance
~ premiums-
~ IN WITNE55 WHEREOF. the said MORTGAGOR has hereunto set his hand and seaf the day and year firs? aforesaid.
Signed, Sealed arrd detive~ed :n the prexnce of: ~
fILfD ~N^ REC~RDEO n ,
ST. LUC:~ :=~~;SK~Y fU.
_ ~ " CLE GK. G~" ~ RT (Se+4
~c~DKi ':~~-If':~ Sea~
SiATE OP fLORIDA . Ci ~ 3 21 P~'~~
st . Lucie ~ ~ 318'716
couNn oF
e~rae ~„e personal(y appeared Mary A. Nero~rett, a single adult ~d
Marga~e~ A. Newett, a sinqle adult to rte well known and known to me to be
1he individur'$ described in and wFa exetuted the foregang instrument, and acknowledged before me fha execvted tix same for tne pwposes
therein expressed. ~ i s X~~XXXX~CXXXXXXXXXXX3IXXXXX~tXX?DC~LX]C)CX 70ZX?CXXX?[X?UQ[XX700C?t7C
943Q~SC
i~f33~I0dDC ~6104~riLX~i~i~
DiANC70~7ir~1WCYtKX~~X~7aC7~EiE?1~i7~i Ci~r
WIiNESS my hand and officiel seal this_ day of October q, O. 1975
. . . . . . o lc.~,--~ ~ u~~c, .
Notary Public " and fof~he State of Florida at larps
N STATE ~ L~.O R 7~~• My Commiu+on expires:
o~ ~ OOCt1MENTARY,~-~.,:;~STAMP Tn x~ NU(ARY PUSI{C.STATf ot FLOR1DAat LARGE
~EPT.Oi REVENUE:: ~ t ~ Mlf CON.SIISSION EXPIRES IAY, 7, 19J7 -
?A e., _ = ~ g,° 4~. ~ 0 t 6orWed By American dankers Insunnce Ca ` ,
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This Instrument Prepared By Richard K. Kayes ~ p`:~' ~
First Federal Savings 8 Loan Assotiation ~
of Fort Pierce Florida - ' ~ ~d J ' ~ '
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Checked B J• q , '
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