HomeMy WebLinkAbout1939 3. To placa and tontinuou,ly ~,ee~ or~ thr bui.'dh~~s now or herrahcr aituatN o~ ssi:l land a~~d on alI equip:nenl and personally tover~d 6y this martg-
ege, wi~h all ptenuums tiicieon pa d in futl, t~ro If1SU(•1~1C1• in tha ~sual ara~.Ja~J pot~t1 (o~m, in a swu aFp~o+td by tha h'.ORIG.~tiEf, anJ windstorm
insurance in tna ~sual stan;i~rd po!:cy fomi, in a sun: ap;,ro~~rd bY :i•° h1qRiGACEE, in such ton~~:any er companies as the h10RiGAGEE may
direU;, aiid all firo and w~nds~orrn i~~surance po!iu~~s on n~~y af sai:! hu~:d,r.gs, any intaresl thercin or part thereof, in the aggreyale su~n aloresaid or
in extest ihcreoi, shall corit.3in the usual sta~idard rnartg.jgee dause ur such o~her t".iuso as Ihe I'.1o~lgagee ~z~ay iequ~ro, ma?.ing the foes undar ~j~d poli•
eies, rach and every, pa~ab!e to said A1uRivAGEE as its intatrst may appcar, and ~ach .,nd ever; svch poiic~ eha~l be promptly assgned and de~i~eied ~o
eny held by said R10RTGAGEE as fur~h~_r x•curity to srid ~nortc~ac~e dcbt, and, not less thsn te:i (10) djys in ad:anca o) the rxp~ration ol each po!ity, lo de-
' (ive~ 1o said 1.tiORiGAGEE a renevral theri•of, loycther wicli a rcce~pt for the pirn,iv:n ot s~th renewa!; aiid ti~ere shall ba no (ire or ~vindstorm insurance
placed o~ any o( said buildin9s, c~~y interest Ihereln o~ part ther~of, un~rsa i~~ thc (o~m a~~d wi+h fhe loss payabie as afo~esa~d; and in ~he a.ent a~y sum
ot mo~ey hecomes payabte und~v such policy or polKies said 1~SORTGAGEE ihall heve ihe opt~un to receive and apply tha same on aa~unt o( tha tndebted-
_ ness secured hareby or ~u pzrmit said 1.4QRTGAGORJ t~ receiva and use it or anv p~rt ~i~e:.=~i ioi o:i;~•r ~:ui}~os~s, w~ihc~t th:~~i~; w=~:i,~7 ~~~~p~ir•
inc~ any equity, I;en or righl under or by virtue of thls mo:tc~age; and in ihe evenl sa~d MORTGAGORS shatl for any reason iail to ~:erp the said pramisas so.
insured, or fail to deliver promptly any of sald policies of insu~ance to sald MORIGAGtE, or f~il ptomptly to pay (ully a~iy premium thereior or in any .
respect (ail to perform, discharge, execut~, efiert, co~r.p,et~, co~r:ply wiih and abide by th~s tovenint, or any par~ hareof, said AIORTGAGEE ~nay ulace and
_ pny for t~~ch insuranca or any pr~t tticreof withoi~t waiving or affecling any option, lien, equity, or rig`~1 undcr or by rirtue of ~his Alortgage, and Ihe
(utl amounl of cach and evary s~th paymenl shail be immediately duc and payah!e and shall bcar intcrest irom tha date th~~rcof untii p.;id at the rate ot .
ninc pcr c~niu~n per annum ~+id ro~~~ther v;i!h s~<h interesr shali b^ s~rcured by th~! lien o( this mortgage.
4. To pe-mit, commit or suffcr no waste, impainiieM or dateriorat~oo of sa~J propcrty or any parf ~hereof.
F 5. To pay all and singular N~e costs, charges and expenses, induding a reasonab!a attorney's fee and costs o( abstratts of ti11e, inwrred or paiJ al
any tima by ssid A~ORIG~.GEE, becausc or in the event of Ifr_ failure un the part of ihe sald t.50RTGAGOR to duly, promptiy and fuqy perform, d~scharge.
! execute, effec~, cemp'.eie, co~nply w~th and ab:Je hy ea:h and evcry th~.s?ipulanons, agree~nc~its, canditions, and tovenants o( said pro:nissory note and fhis
murrgage any or e~ther, and sa;J cests, char9es ar~d expensos, each and every, shaN ba in:n ed~ate;y dve and payab!e; whether or not there be notice da
~ mand, atte~npt to collect or suit p>nd~ng; and the full arnount uf each and every suth payme~~t shalt bear inte~est irom tha date thereof until paid at the
ra~z of nine per cen~u•n per ann~:n; and ail SuIC~ C[.S1S. Clldf'jtS anJ expa"ses incurred or paiJ, to3e~h~r v:.th such iNerest, st~a~l be secured by the lien of fh~s
mortgage. •
. S. Thal (a) i:~ ~ha evcrn of any br~ach of this ASortgage or d•_fauh on ths part of the MOFTGAGOR, or ib) in Ihc event any of eaid sums of money
_ herein refecrad to be ~ol promptly and (ully paid withir, th~rty ~30) days next a+tcr ihe seme severa:ly oecome due a~d payable, wi~hoW demand or noticc,
or (t} in tha event each a,id every th'e stiyutations, agreaments, conditions and covenants o1 sa:d promisso:y r.ote and ~h~s mortgage any or either are not
iuty, promptly ar.d 4vtly perf~~:med, d.scharg~~d, e~_cur~d, eftecre~J, cerrpteted, cempt:e:d w~fh ar.d ab~d_d 5y, tnen ~n either or any such zreM Ihe said ag-
gregate wm mentioned in 53id promissory ~TOte then re:ra~n~ng unpaid, •.vith intere;t atcr~ed, and all moneys setured heteby, shatl betome due and pay-
ab!e forth.vith, or therraftcr, at ~he cpr~un of sa:d 110RIGr>GEE, as 'fully and compie~ely as ii ait o( the said su:ns of money were or~g~nally stlpulated
' lo be pa;d on such d;.y, anything iti s~.d p+cm~ssory nole c+r in th~s hlo~tgage to ~l;e con~:ary nor.liths~and~ng; and thcreupen or thereafter at the oplion of
said 1.10RTGAGEE, w~~hout nor~c~ er d~m~nd, sult at law or in equ~ry, the~efore or thereafter begun, may be prosecuted as if all moneys secured hereby
' had matvred pnor to its inslitution. .
7. That in the eve~~1 that ai Ihe beg~nn~ng of or at any f~r.:e pe«d~.~g a,iy su~t u,~on i~~ii Mort9age, or to foreclose it, or fo reform it, or to enforce
_ pnyment ef any u~:ms h~~.eunder, said Jt,ORTGt.G`c,.sF~all appty to the Co~n ha~l~;y iurisd:crion thzreof (or the appo~ntment of a Receiver, svch Court shall
forlh.vith a~~point a rc~e~:er of s~~d mo~!gaJ_~c! p:op.=rty a;i ~nd s'ui,,o:<+r, i~.:lv.i:n~ a:l and sin_~ular ti:e income, prof;ts, issues ar.d revenues from whatever -
sou:cr d•:rived. e~c'~ a~~~! e~•ery of ~vh.ch, ir tr_-~r,g r..f:rt-ss!y u:idcrs!ee:f, is 1.e:eby ~t:orfgaged as if spec~fically sef forth and described in the g~anting and
- hab•_ndum cavses t:eraof, and suth Rcceiver shai: har•z aif the brc}d and eiiective f~nct;cns and poweri in any~vise entrusted by a Court to a Receiver, and
r~ such a, ointment sh~ft be m~de d ~d MORTGAGEE, and ~vithout reference to the
~-p by s~ch Cour1 as ~n a~~tiittcd cqviry and a matter oF absolute right to sa~
aJequscy or inadeq~ar~ c.` tf;r val~:c• oi the prop~rly merigaged or,~c tl;r so:~_ncy cr inso:vency of sa~d MORiGAGOR or ihe defendants, a~d thaf such
~ renls, profits, income, issu:s and rev;r,ues sh3~1 be a{:pi~ed by sucii Receiv6r .~,:o:~l:ng ~o thz lien or equity oi said htORTGAGEE and the practice of such
' Courf. - - .
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8. To duly, prcmptiy ar,d ful!y perfo:m, d~s;harge, executa, effect, co~r.p!e~~•, <o~:~.pi~ tiv+th ar.d ab~da by eack and every the slipulations, agreemenis,
s conditicns ard tovcr.anls in sa~d promissory „o!e ar.d th~s mcr:gage set forth. • _ ~
_ 9. 7hat in ihz event the ov~nersh;p of th~ mcr:gaged prcm~ses, or any part thereof, Lecomes vested in a pcrson other 1Fan 1he MORTGAGOR, the
NORTGAv:~, i+s successo:s and ass:3ns, may, wi:!iout notice to fha :!OfiTG%•Ok, deal ~si~h svch wccessor or s~ccessor in interest r~ith reference !o this ,
~ mo•tgage a~~d the dcb~ F.ereny secwed in rhe same mr, ncr as ~v~th 1.Sorigagor •r.itheut in any way vit~ating or d~scharging the 1Aortgagors' liability herr
under or vpon th~ deb! fie~eby sttv{ed. tVo sale ei ~i~r E-~e:nises hcreby rne~tyaged ar.d r,o forbeara~ce on Ihe part of th? ~.10RiGAGEE or iis sutcessors
- or assig:u and +~o exters~on ef the time lo. the payment of the debt t:er~b~ szcureJ g~ven 6y the h10RTGAGE~ o: its successors or ass:gns, ahall operate -
to re~ease, d~scharge, mod~fy cnznge or aftect the origulai Jiauflrty of 1fi> t..ORTGEiGOR here:n, eith~r in ~vhole or in part. ~ -
- 10. It is spe<~f~calf; agreed ~har t~:ne is ot the essence of th;s contract and that no ~+aiver of any obt;gat~nn hereunder or ot the ob!igalion se- -
, c~red hereby sha[i at zny ti•;~e the;caher he hcEd to 6: a waiver of the !emu here~f oi the instru:nent se~ured herby.
11. ~n ::i:i:t:o~ +o t~:~ icrc:~er.~ •..onti.'J n~y,~;:nts ei p~inc'p,>I a.^.d i:,t_:est reqvi;ed by the prom;ssory r.ote sc:ured hcreby, morfgagar eovenants
and agrees to pay ro mo:!g~g~e v..~h e.jch m~nr!r•; ,:a!•. er~: ~-±.-i::;or~a: s~•n r~"^.aeccl by mo:tg3gea Fo be equai to i j l2 of tha annual cost of the foilow-
~ inq•.- . ~ . _ _ .
~ R-A;I r~al prpp~rty tax_s le,Ec~: C.' ~55255_U ayai•st th_ a;:ovc• descr~~ed real estate. .
6-Prrrr.~ums o:~ fire a::d ..;::dsto;~~: insv•a~te :?s i~er•~~n requ;r;d to be ctr.i-~ c~z ~h~ imrrov_me:ts sitvate on the above described premises.
C-Pre,~ ;_'3.s on su~h ~..~r,g.,nr c•-a~~~;ty =~svra• as me;!oaa•_e sh3;( 'ro:r. t:roe +o ~~me d~em fit to carry on the loan secured hereby.
- r.~.orlcagee sh~!! from t~r,e !o tia,e ncf~Ty r;c:i~agcr tr v~rit~rg oi ft-c a^~.o_nt due ar.d payable hereundzr and auch s~m shall thereupon be due and
F~}~ab:e o~ th~ d~e ci~t>~of tke rc-~t n~o~;h:y payment a~d e~_ch su~cessive mo~~th the:eafter ur,tit mertgagee shalt not;fy mortgagor of a change in wch
- e~~ovm. Svch s~.;ms st;~;' Le ..pF•'ied t•y ~mc•r~gag-~~ to::ard the F:aymenr of re3? prvpc'rTy taxes, insurance prem.ums, and mortgage guaranty insurance
' prc~niums. , - - -
I~~ \VIT"i:SS :':f{ER~Gf, ~rte sa~i 'AvRT"vkGOR has h~=re~nto set his h3r.d -ar,d sea! ihe day and r firs! eforesaid.
S~gned, Sea!ed a~d delivered in tF.a presence of: r 1 ~ - /
. F9~t-,~ ;'.k;. =,r~L~~;9~9 -
~ ~a.i~•:-, : >~~~.:w;~ ft~. _ U _ ~ ~-r ~s~a~~
- - o:tY: ` ~~~~i3AS EdwaYd 1. S~ ard ~
. - _ ~iri,},:~;-ti'i;TC~!JP.7 ~ ~ ~ (Seal)
?r"f:...: r.: ~ (Seal) - ~
Ka CYl' CaY ,
- ~ - _ _ (Seaq
ly - 3 P~S'75
_ STA7E OF ftORIDA - - . ~
_ Lucie ss. `~~~~4
: COUtJTY OF _ S'C • ~ ~ ~ _ ' -
B:fcre re pe•s,,:~aliy aprea~ed ---------_F.~Bi~ISI~La~1s~aYd and
-____-_.K~_B2L.r?1~~3YS~ _ _ his •.vife, to me •r:ell knovin and knor+n to me to be
th: i; d~.-;duals descric~d in e:~d v:'~o ex;:.~ted Th. fo~egoir.g instrument, an~ ackno.•:;ed~ed before me that they executed thz s3me for the purposes
therein expressed. And thn :a;~_ Karen Sicard
v~ife of the ~a~a ~ward .l~ Sicard , upen a separate and private
exam~:eat;on hy me ta~en s~parate and apart irom her said husband, dckno•xledged to and before me that she execuled said instrument freely and volon-
- tarity and w~ihovt a~y com~ulsion, constraint, apprehenqs:~,n/, ~o fear of or irom her said husband. .
V~ITf`ESS my har.d and off:c~a! seal th~s-__~L day of ~Y , A. D. 19 ~5
_ ~..c.i ~ -
Notary Pubiic in and the State of Florida at lar~e
' ~ A1y Commission ex s: ~ l O d-
I Return to: ~
FErst Federal Savir.gs E ioan Assaciat:on ~
' Of Fort P;e:ce- :.,1`l~t:flti,~1:;~.~.~
~ fort Pi~rce. Flcri~j - \ r ~ t~~f
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- This Instrument Prepared By . RobeYt A. Swisher- Jr, - ' ~ ' ` ~ - - ~1~~. _ =
~ First Federal Savings & Loan Association _ - . : ~ ; ~ _ ~ ' .
~ of Fort Pierce ~ F1oXida 33450 ~ ~ r~,~-~' . ~
_ ~ R t~ s~ ~ . '
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Checked By ~ 800K ~G.t~1~ P,1Gf ~
I~' f ~ u
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