HomeMy WebLinkAbout0611 To place and cominuously keep o~i ~he bui'd~~gs now w he~ea(~a~ ~itvale on sa~d land and on ali eqviyment ~nd p~rwn~liy cover~d by thii mat¢
ey~, w~th all pre~~iumi lhereun pa d in iul(, i~re ini~unce in the o~w{ itanderd poticy lo~m, in a au~n .NWo~ed by the MORiGAGEE. •nd windstam
inturant~ in ths usu~l •iandard pol.cy (orm, in a sum approred by the MORTGAGEE, in luch company w companiq +s th~ MORTGAGEE may
dir~ct; and al~ fira a~d w~ndswrm in~„rance pof~c~es on •ny o( sald build.nqs, any inier~sl ~herein or pan Ih~rwf, in ~h~ ~~y~ey~~~ wm ~fwesaid w ,
in ~xce~s ~hereof, •helt conraio ~he usval s~anJard ma~gage~ dause a, such o~Mr cl:u~ ai tM Mortya8~s msy r~quu~, makinp tM Iou undN u~d poli~ -
cies, each and every, payable ~o .•id MORTGAGEE as :si inte~e~t may appear, ~nd each and every ~~ch poticy ~hall b~ promptly ass.pned ~nd deliv~rtd to
any held 6y said MORTGAGEE a~ iurther sacurity to said ~nor~gage deb1, and, not lesf than te~ (10) deys in advant~ o( tIx expiration of a~th polity, to da
IivN to sa~o PtORTGAGfE a ~e~ewaf ~hereof, topether wirh a rcceipt fw the prsmium oi such renewal; and ther~ shall b~ no fire o~ winditam in~u~~nt~
placed on ~ny of said b~ild~ngs, any intcrest there~~ or p~rt thereo~. unlens in the iorm and wi~h th~ los~ payable si atwtsaid; ~nd i~ tM ev~nf ~ny wm .
of money bccomis payable under such policy or poLc+a~ said A10R:vAGEE siwll have ~he opt~on to rece~ve and ~pply the ssrrk on ~ccounl of the indebted-
neu secured hereby a ro perm;t iaid MORTGAGOR$ to rete~ve •nd use i1 w•ny pa~t thereof for othcr purpoaef, wi~hovt the~eb~ waivi~ig or ~mpair- ,
iny any equ~ty, Ilen w right under w by vi~tue of ~hit mo:tgage; snd in the evem sa~d MORTGAGORS shafl for ~ny r~aso~ fai) to k~ep the said prsmi~es w '
insu?ed, a faiP to deliva. promp~ly any of said pola~es of insurance to ~a~d MORiGAGEE, or fa~l p~amptly to pay fully any premium there(w a in any
respect fait to per(orm, d~scharge, execute, effect, canplete, comply with and sbids by this covenanf, or eny pait hereof, said MORTGAGEE may pl~ce and +
pay fw such insurerxe ot s~tjr -part thereof w~thout waiving or affettinp any optia?, lien, equity, or right u+~der or by virtw of thi~ Mortga9e, aod tht
full amounr of ea~h snd every such payment shall be im~ned~ately due and payable •nd ~hall bear interest from tM dat~ thereof ~~til paid al tF» rat~ oi
nins pe~ centum pe~ annum ~nd togn~hr~ with such inrerest shall be srcured by the lien of this mortgage.
To permit, commit w suffer no waste, impa~rment or deteraration of said pioperty w any parl thereof.
5. To pay all end si~gufar the costs, charges and expmises, ~ncl~di~g s ~cssonable ~t~wney i fee and costt of abstr~ds of title, Inturred o? p~id at
any time by said MORTGAG'.E, becaux w i~ the evenl of the failure on the parl oi Ihe ~aid MORTGAGOR ?o duly, promptly and fully perform, d~xhar9~,
execute, e(feu, complete, compty wuh a~d ab:de by each and every fhe st~pulaGons, agree~~~ents, cor.~i~~ons, and ta.~..:a::as ?f said promissory note ~nd thi~
matgage any or ei~her, snd sa~d cosrs, ch~rqcs and exFenses, each and eve~y, shall be immediately due and pay~ble; whelher or not there be notice d~
mand, attempt to coSlctt or suit pend~ng; and thc iull amount of sach and e~ery ~uch payment shall bear imerest from the date thereof until paid at the ~
rate oi n~ne per cenwm per annun,; end ali said cosis, charges and exueoses incu~rcd or paid, together w~th ~uch intereal, shall b~ setured by 1l+~ lien of thif
mortgage. i
6. That (a) in the evee? of any breach of thia Mortgaye o~ default on the part of the MORTGAGOR, w(b) ~n the event ~ny of uid surtu of mw~ey }
herein refcrred lo be not promp~ly and fully paid within tA~rty (30} days neat after the san,e seve~slly become due and payable, wilhoul demand o? notite,
or (c) in the event each and every ~he stipuia~~o~s, agreemenn, cond~t~ons and covenant~ of sa~d promiswry note and th]s mwtyape any u ei~ber are not
~uty, promptly a~d fully performrd, d~schargrd, execueed, efFet~ed, completed, compl~ed with and ab~ded by, ~hsn in either w any such ev~M tF~ uid ap~
gregate sum mentioned in said prornissory note then remaining unpa~d, with interest accrued, and all moneys setured F?ereby, shall become dw and piy-
able forthwith, or thereafrer, at the op~~on of said MORTGAGEE, as (ully a~xf completely as if all of the said sums of money were originally ilipulated
to be pa~d on such day, anything in sa:d p~om~sso~y note w in this Mutgage to the contrary notwithstanding; and thereupon p thereaftet at the op~ion of ~
said MORTGAGEE, w~tho~t not~ce o~ demm~d, suit at law cr in equity, therefore or thereafter begun, may be prosecuted a~ if all moneys setured hereby ~
had matured pnw to its institut~on.
7. That in the evenr ihat at the `.;sginning of or at any time pending any suit upon this Mortgage, a fo fweclose tt, or to reform i?, p to enforp
paymenr of any clai~+s hereunder, said MURTGAGEE shall apply to the Court having ~ur~sd~ction theraof for the eppointment of ~ Receiver, such Court shall
Forthwith appoint a receiver of said mo~tgaged property all and siru~u~ar, includ.ng all and singular ~he income, profits, iu~6s and ?evenues (rom whatevet
source der~ved, each and every oF wh~ch, it being expressty unders~ood, ~s hereby morrgaged as if spec~Ficatly set fwth and de~tribed in the 9~antinp a~+d
habendum clauses hereof, and such Receiver she~1 have atl the broad and ef(ect~ve funct~ons and pawers in anyw~se ent~usted by a Court to s Receiver, and
a.;ch appointment shall be made by s~ch Court ai an ad~nine~ equity and a matter of absot~te rig~t to ssid MORTGAGEE, ~nd without reference to ihe
adequacy or inadequacy of the va!ve of the property mertgaged or to the so:vency or ~nsoivency of said NSORTGAGpR or ihe defendants, and that such
renrs, profits, income, issues and revenues shall be appl~ed by such Receiver acco.d~ng to the lien a equity of said MORTGAGEE and the prattice of suth
Court.
8. To dv1y, promptly and fully pe~form, d~scharge, execute, effect, complete, comply wi~h an~ abide by esch and every the stipulations, sgreementt,
condiYans and covenan~s ~n smd prom~ssory note and th:s mongage set for~h.
9. That in the ~vent rhe ownerih~p of fhe mortgaged prem~ses, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, Ih~
h•ORTGAGEE, its successws ar,d au~gns, may, wiihout not~ce to the MORTGAOR, deal 4v~~h svch s~ccessor w successor in interest with reference to thia
mortgage and the debt hereby secured in the same m.anner as wifh AAortgagor without in any way vitiating w distbarging the Nb~tyagors' li~bility here-
~nder or upon the debt he~eby securFd. No sate of the Fremisee hereby mortgaged and no forbearance pn the part of the MORTGAGEE a its suctesson
or aas~gns ard no extension of the time fw tiu payment of the debt hereby secured piven by the MORTGAGEE or its successpt or assiyns, shall operat~
ro release, d~scharge, mod~Fy char.ge or aifecf the original liabilety of the MORTGAGOR herein, either in whole or in part. .
10. It is sper.~tcaily agreed ~haf t~me is of the essence of thia confract and that no waiver of any o6ligation hereu~der or of tha obligation se-
cured hereby shatl at any time the~eaiter be held to be a waiver of the terms hcreot or ot the instrument secured herby.
11. In add;r~o~i ~o ~he forego ~q mo~rh!y pay~r~nti of prlnc pal and inrerest required by the prom;sso~y nore secured hereby, mwtgagor covenants
and agreea to pay to riortgayee nith each momh y pa~~ ~ent an ad3~~~onal sum esr:mated by mortgagee to be eq~al l0 1/12 of the annual cost of the follow-
~g
A-All real properr~ t.~xes le~~ed or assessed d9319S~ the above desu~~ed real estate. •
B- Prce~w•ns on i;re ar,d aindsto:m ~nwiarce as herein req~:~ed to be carried o~ the improveme~ts situate on the above described premises.
C-Prem~~r,~s on wch morrgaye guaranty ~r.surer.ce as mortga3ee shall frcm tlme to t~me deem fit to carry an the loan secured hereby.
Mortgagee sha'1 from ~i~r,e to n:ne ~or~fy mongagor ~n v.rit.ng of the amou~t dve and payable hereunder and such sum shall thereupon be due and
; ; ayable on rhe due da!e of ~he near monthE/ pay~e„t a•~d each successive monih rhereafter ur.til mortgagee shall notify mortgagor of a change in such
j a~ .o~nt. S~.ch sums s>:a:~ be app'~zd by mortgag~~e to.rard the payment of reat property taxes, insurante prem:ums, and mortgage aranty insuwnce
~ c~•emiums. .
j IN ~YITNESS :YH,REOf, the sa~d /AORTGAGOR has hereunfo ut his hand and seal t e day y ~first aforeseid. ~
~ S' ned, Sealed and delivered in the ~
i g presence of: '~G ~fCJ?lDEO ` ~
i f~.LUC1E
)iJNt1' FL~. •b
! _ _ RO;f~ ~O~T~~S Katharine P. Hudson, a sinalec.afiult
~ _ ~~fP.l[ ClF;,U!t COURT ~
~ _ - R~~OR^ VE~:s"tEJ ~se.
~ K-•n
i S7ATE OF FLORIOA ~ Y~ Ii. 7~ PM ''Y
E ! 3~8f ~.'7
~ COJNTY OF St . L11C 1@ i
6
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~ Before me penonally ap~a.ed - Katharine P. };IIC~SAI'1~ a cingla At1nl t ~
Iws.wiie~to me well known and known to me to bs
~ the ind~vidua~ described in and wko e:ecuted the forogoing instrurtxnt, and acknowledged before me that She executed the same for the purposes
rherein expresaed. ~Aw.r~be~wii_________ _
~ .?~if` d.~b~said - - ~ow a s~paa~~ an~.Q~irW~
•»~wn iw~~ ~r~w~. M 4w ~r a1~ arW .a'ast~isorti.her. wd~wtband..ac4~w~r1
~ ~y~JO aqcl~fof~JYlJbd~L if1Y iYC4~tOdiii~ i~Mww~YLfi~!{yJG[~.YD{Ya'~ -
E ~niy y11~~1MAIlse/1 l1y~ND~AIIFlislq terwtfllR~! y~ll71l/0~1/~ ~f"/'(!Ad' ~F K-f~an~~~ii i~ua~ewd.
~ WITNE55 my hand and offic~at seal th~s_ .2 1' day or- June A. D. 19-7~.
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; Notary Public in snd fw the 5 of Florida at Larye
; My Commission e:pires: / ~ D •
' Retvrn To: ~ •
~ first Federal Savings 3 Loan Assoc~at.on
O~ Fo~t P e:ce.
t Forr P~e~ce, Ftun;ii
s . - ~
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This Insfrument Prepared ByJ. H. [tobezts Jr.
J First Federal Savings 8 loan Association '
~ of Fort Pierce ~ Florida 33450
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~ Checked By - F ~ . ~ FACt ~ -
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