Loading...
HomeMy WebLinkAbout1963 M . To plac~ ~nd continuouily kcep on the bui;dings nuw or herea~~e~ situste on sa~d Isnd ~nd on all equipmenf and pe~sonally covered by thl~ morl¢ ~ ags, with all premiums tF~ereon pa~d in full, f~re iniu~ance in ~he usua~ s~andard policy Form, in a sum app~o~ed by the MORiGAGEE, and windsiorm ~nsur~~ in tM usu~l •~andard pol~cy tam, in • sum approved by ~ht MORiGAGEE, in ~uch canpany u companies ~a fh~ MORTGAGEE may ~ direc?j u+d all fire and windstorm i~+surance policies on any of io~d bu~ld~nys, any intsre~l Ihe~ein or part thereof, in tM ~pqre9aq wm alpesaid a in excesf tF?ereof, ~hall contain Ihe usva~ s~andard ma~gaqee clause a i~ch other clau~e at the Matgayee msy rec+~dae, m~kinp Ihs lot~ unde~ ~+~d polF ~ c~e~, ~uh ~nd every, payable to said MORTGAGEE ai i~s in~errst may appe+r. •nd e+cA and every such po:icy shall be promp~ly s~s.gncd and delivered io +ny held by said MORiGAGEE ai (w~her ~eturity to said mat9aga debl, and, oot le~a iMn ~en (10) dayi in ~dvance of ~F+a expir~tio~ of each polrcy, to de- ' I~ver 1o iaid 1WORTGAGEE s renewal thercof, toge~lut with a recaipt (w the premium of such renswa~; and there shall be ne ftrw or windsewm insurana p~ec~d on ~oy oi s~~d build~n~s, •ny interett theroin w part theroof, unkss in ~he lorm and wi~h IM Iou payabl~ as aforesaid; aod in ~he event •ny tum of nwrwy becoma~ pay~bte unde? such policy w policies said MORTGAGEE ahall have ~he option fo receive and apply the sa~*~e on ~ccouM of tAe indebted- neu setut~d hereby o? ~O pe?mif said MORTGAGORS to ~etai~• and ute it p aoy part H~ereof fa onc~r purpoaes, w~thout th.veb/ waivi:~q o~ impai~- iny any equ~ry, liee? w righ~ under w by virtw of ~his mort~~ge; and in the even~ sa~d MORTGAGORS ~hall tw any r~awn fail 1o keep tFk sa~d prem~ies w ~nsured, a fail ro d~l~ver prompfly any of said polKiea of i~surance to said MORiGAGEE, or fail promptly 1o pay futly any premiurn therefa o. in +~y respect lail 1o pafam, J+scharpe, eYecut~, s~fect, compkte, comply with and ab~de by ~hts cove~ant, a ar+y part hsreof, uid MORTGAGEE may pl+ce a~d pay fa svch insurance a~ny part thcreof w~thow wsivin~ a ~ffectinp any option, tien, equ~ty, w rigAf under p by virtw of ~hii Mort9a~e, and the ~ fuif amount ~of each and er•ny i~ch payment shatl be immediately dw and payabls and shall bear interest from tiN date thereof umil pa~d at ths rate ot ; n~ne pe~ tantum pe~ ennum and to~ether with sucF, iNr~est shaU be secured by the lien oi thif mortgage. 1. To pe~mit, commit a suffer no waate, impairment or de~erioratio~ of saW property w ~ny part thereof. ~ i S. To pay all a~d singular the cwts, chargea and sxpenses, including a reasonab~e a»wney'~ fee and wses of sbatratts of title, irtcurred or psid ~t ~ any time by aaid MORIGAGFE, betause or in the event of the failure on the pa~l of the said MORiGAGOR to duty, p~omptly ~nd fully pe~io~m, d~uhargs, e,cecute, effed, complete, corrsply w~1h and ~b:de by each and avnry ~F?e stipvlatwns, egrermenh, conditions. +nd covManls of said promiuory ~ote a~d thii mo~tgage any w either, and sa~d costs, cha~ges and expenses, each and every, ~hail l» immediately due and payable; whether or not tFrore be notiu d~ ~ mand, ~ttempt to collett or wit pcr~ding; and the (ull amouM of arrh and erery such paymem sh~ll bea. iMere~t irom Ihe date lhereof ~ntil paid at the ~ r,;~e of nine per ctotum per annum; and ail sa~d costs, charges and expen~es incuned or paid,, ~opether w~th such int~re;t, shall be secured by the li~n of Ihis ~ mort~sge. ! 6. That (a) io ~he event of any breach of thi~ Vlwrgage w default on the pert of the MORTGAGOR, w(b) in the event ~ny of sild wms of money ; herein referrsd to be ~ot prompt~y and ful!y paid wiihin Ihirty (30) days nexl a+ter the same aeverally becane iue a-~3 pa~ab!a, ~i!lsau: d_~:sea~ or notice, ~ er (c) in the evem each ~nd eve?y the stipulations, agreements, cond'etions and covenants of sa.d promissory note and thts mortgage any a either a?e o01 4 iuly, womptly and tully performed, d~uharged, execurod, effected, compteted, corrspiied w~th and ab~ded ~iy, then io either or any svch event the said +g gregate sum mentaned in said promisawy ~ote thm remaining unpa~d, with i~terezt acuued, and a~l mor?eys setured htreby, shatl betome due and pay- ~ eb'.e (orthwith, or thereefter, at ~he opt~on of seid MORiGAGEE, ss fully and compteteiy as if all of the s~id wms of money were aiginally ~t~p~lsted ~ ro be patd o~ svch day, a~ything in sa.d prom~ssory nore or in this Mortgage to the co~~tra.y no~w~fhsranding; snd therevpw+ a thereafter at th~ option of sa~d MORTGAGEE, wirhout not~ce or demand, suit at taw w in equity, therefo~e or thereatter begun, may be prosecuted ~s if all mw~eys secured heteby nad mawred prior to da ir~slitution. That :n the event fhat at t1x beginn~ng of u at any time pending a~y su~t ~pcn this Nlorfgage, or to fweclose it, or fo reform tt, w to eefwc~ pavment of any daims hereunder, aaid MORTGAGEE shall apply to the Co~rt having ~urisdiction thereof fw 1he appointment of a Receiver, avch Cou?t sMl) forfhw+th appoint a receiver of sa~d mo•tgaged property all and singvlar, i~dud~ng atI and s~ngular the incoma, p?oGts, bsves and revenues from whatever sou•ce de~ived, each and every ot whrch, it being eapres~fy undzrstood, is hereby mongaged as if specifically set torth and described in the graoting snd habendum clauses hereof, and such Receiver shatl have aU the broad and efiecrive fvnc~•ons and powers in anywise entrusted by a Gourt to a Receiver, and :,,ch appoin*ment shail be made by such Court as an admitted equity and a matter of absalute right to said MORTGAGEE, and without reterente 1o the ad~quacy w inadequacy of the ve:ue oi the prope~ty mo.tgaged or to ?he so:~ency or insolventy ot said ARORiGAGOR a the de(endants, and fhat such rrnts, profits, i^c~xne, issvas and rsveoues shatl be appGed by such Rece~ver accord~ng to ihe lieo or equity of said MORTGAGEE and the p~utice o! such Coutt. ' ' 9. To duty, prompt:y and fully pe~form, d~scharge, execute, effect, complete, comply with and abide by each and avery the stipufations, agreements, ; conditio:~a and covenants in sa~d gromissory note and this mortgage set forth. # 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, betomet vesfed in person other than the MORTGAGOR, fhe ~ h'.OR7GAGEE, 7rs successo~s and assigns, may, without nor~ce !o the MORiGAOR, deal w;~h such successw a iuccessw in interest with reference ro this r.:crtgay0 a~d the debt hereby secured in the same manner as w~th Mortyagor wehout in any way vitiating w dixharging tha Nbrtgsgors' liability herr ~~.Jer u uoon the deb~ he~eby secured. No saie of Ihe premises hereby mortgaged and no forbesrance on the part of th. NI~RTGAGFF or its wcussws or assgns and no extens~on of the time for the payment of the deDt hereby secured given by the MORIGAGEE or its succeswri or ~uigns, ahall operate eo re!ease, d~uharge, modify change or affect the origi~af liab~firy of the MORTGAGOR IKrein, either in whok or in psrt. 10. It is :pecific~!ly agreed that time is of the essence of lhis contraq ano that no waiver of any obl+gatio~ here~nder a of the obl'~gaYan se- cured hereby shali st any time thereafter be hetd to be a wai~er of the terms hereot or ot the instrument secured herby. I1. tn add,t~on to the forrgo'ng mo~lh'y paymems of prmc pat and intere:t reqwred by the promissory note secured hereby, mortgagor covenants snd agrees ro pay to mor:~agee vti~rh each mon,hEy pa~~nent an add;~ional suni essr.~~ated by mortgagee to be equal to 1/12 of the anoual cost of the fotlow- ie3: - . A-Alf real property taxes iev~ed w assessed agai•,st the above desvibed real es!ate. B-Prem~ums cn fi~e and windstorm insuror.ce as here~n requ~.ed to be cani~d on the improveme~ts s+tuate on the above described premixs. C-Pr~miums or+ such mortgage guarenty ir.surar;~e as mortg~~ee sha~l i:om Nme to time deem fit to carry on tF+e loan secured hercby. Mortgagee sha#f from ti~ne to time ~otify morfgagor in v~rriting of the amount due and payable hereunder artd such svm sfiall thereupon be due and ; ayable on the due date of ihe ~~ext n:onth!y payment and each successive month thereaf~~r urtit mortgagee shall notify mutgago~ of a change in such a•:o~nt. Sxh sums sha;l te app:ied by mcrtgagee to•«ard ihe payment of rea! property ta:es, insurance prem:ums, and mortgage guaranty insurance p-emiums. ~ IN WITNESS WNEREOF, the satd MORTGAGOR has hereunto set his hand and I the day and yesr fint afwesaid. j Signed, Sealed a:tid detive~ed in the presence of: • I ~ K~~~i~0E0 i - f tl~Z pUN1Y f ~ ~ - ST• ~~'~":.°',~RAOURj ~aq _ stcCf?~. Y`• ~yU~ ' SeaD f - 3 22 ~K'15 S7ATE OF FIORIDA {~C~~~ 318'719 C~UNTY Of St Lucie ~i Before me personally appeared `~1~ `j• `~~S and Lena Mae Johns his wife, to me well known and known to me to be the individuals described in ar~d who executed the fwega instrument end acknowiedged before me that they executed the same for ihe purpose3 therein exp?essed. And the said Lena ~Iae ,)ohns ! +~~fe of ths sa7d .11IDIDj/ .j. O DS vpo~ a sepa?ate a~d pr'rvat~ ~ exam~nation by me taken separate and apart from her said husband, acknowledged to ar+d before me that she exec~ted said instrument freely and vdurr ~ }a~~iy and w~thout any compvlsion, constraint, apprehensiQn, w fear of a from her said husband. V~ITNESS my hand and offic~al seal th~s_ day of October A p. 19 'J5 ~ ~ g Notary Public in shd i the State of Fbrida at larqe ~ My Commiuion expir : Return To: ~ Fint Federal Savings 3 Loan Association Of Fort P,erce. p:~'1;.~'{ " .r n~.s,~,• ?t 1"^c~ Fort Pierce, Flor~da "f ~ ~ . . .......~i:~e ~o . i!;,. ~ ~ . . ~ This Instrument Prepared By Rich~rd K. Kayes ~ First Federal Savings b Loan Association U~: t- = of Fort Pierce , Florida ? % ` t~'V . • ' ~ r~ ~ 4 5 ~ R FAGE1~6 ~'^'r - Checked By 244 • ~ ~ ~ 60~1K ~ ' - ' ' ~ ~ ~1 ; rV ~ . ~ ~%.,r J ~ • ' (i~ . ~ \ ~ •t `~~~~~~~1 ! 1 1l i~titi~``\ ~ ~ ~`l ~ ~ - - . 1 , ,~y - , -e x.:' ;r.~'r.a~ _~_c` ti~ a~...,. . _ ~'~~~R~.