HomeMy WebLinkAbout1941 3. To place and continuo~sly I.cep on the bui!d~~~g: ~o:~ or hereafte~ eitujta on siid lancl and on ali equi~ment and penon.lly eovered by th~s morlg-
epe. with all pr~mivns Ihareon r?:d in (ull, (~ru ins~~ra~,cc ;n tl~a usu.tl s`an_~arc! Frol~cy fonn, in a s~rn ~~,pi~ved by the MOR~ia::GEE, and winds~orm
insurenca in iha us~al stantiard po~:ty (~~m, in a su~r approved by Ihe h10R1GnGEE, in sucfi cnmp.iny or com, aniea as tl~a l,1OkTGAGEE rnay ~
dirEtl; o.~d ail (ire and windstorm insurance po!~ci.~s on any of s~id buiid~ngs, any intcr_~st N;vrein ur parl tharcuf, in tf~e ayg~e9a~e wrn a}oresaid o~
(n eacess thereof, shalt con~ai~e tha uwal sr.+r.~iarc!•n,ort~agee c~~use or suth other cljus^ as tne Atori~ag~e may iequ~re, maAing Ihe loss under sj~d poli- -
das, each and every, payah'r to saiJ t.1t~R1GAGCE ns ~~s ir,trr~v rn3y a~:pear, and each a~io e:ery svci~ potlr~ shatl l~e pro~npi~y as~ 9~ed ar.d,delrvar~d to
any hetd Uy sa~d A!ORfGAGEE as furth,~r security ro sa~J r~x~~aga debr, and. not less than ten (li~) days ad~nnc-v of ihr expirai~on of e:,ch pol~cy, Io de- ~
_ liver to said h10RTGAG'E a renewal the~eof, together with a r~~ceipt (or t1~_ prarniurn of such re~ic,nal; and tha:~ shall be no iire or ~vi„dstorin insu~ance
placed on a~~y oi sa~d bvild~ngs, any intcrest thvre~n or pdrl the~cof, un:~~ss in ihe f~:~n encl v,ith the I~es payable as aioresaid; and in thr rvent any sum
of money becomes paya6l~ ~~~~cie- such poli<y ar pol;.:ics se~J MORIGAGEE shall have the option lo reo:ive and apply ~he sa~ne on accoum o( the indabted-
ness secured hereby ur to permit sa~d ~,IORTGAGORS to receive a~d usc it or a•~y r~art thc•;eoi icr eei.rr ~:urFOSrs. ~•:~iho„t ~hrr~iii :•~;i.:,~~ ,;r ~n:pair.
ing any ~qu~ty, lien or right undet or by virwe o~ th~s mcrt}age; and in tha errnt s~'d A10RTGAGORS shall (c~ any reason fail to_keep 1he said pre+nisas so '
insurcd, or feil to detivor promptly aitiy of said pol~cies of i~isurancc to s~id A10RTGAGlE, or fait promF;tly to p~y fuily any premium therefor a in any ;\o~ .
respect (ail to per(orn~, d~stha~ge, exeu'a, effect, co~ipte~~, ~o:~iply with and ab:de 6y th~s covenasi, or an~ pan harrof, sa~d ".tURTGAGE[ rnsy ptace a+~d
pay fe~ s~ch insurance or any pa~f th~reof v.•~~heu~ w•aiving ar affectin~ any o~>lian, lien, equ~ty, or ngf~1 under or hy virtue of lhis r:.or~gage, and the
full a~nount ot ea:h and c~ery such E;,~yn~ent shatl L~ in„nediatel~ due ar,d payab?•~ arid s~~ail bear interest from the data thercof until poid at the rate ot ~
~ine per te~Nv~n p~r ann~.:~n and tn~_;I:,r ~.vi~h such inte~c;t s1i:~li be sciur..d by Ihe !ien of th~s mortya~e. f
4. to p~rmit, commit or suffer r.o ~vaste, imp~irn;ent Or deter~orat~en oi said proj:crly or any parl Ih~reoL
5. To pry all and aingular the cosls, charc~es and rxpanses, includ~ng a reasonab!e atlomey's fee and~ cests oi a6s/racls of titlp, incurred or paid at
any tin:c by s~~d h1CRtGAG,E, he:cause or iii the event of th: faiture on the part o! the sa;d nSpRTGAGOR to duly, prompHy and futly perfoim, discnarge.
execute, effect, com~:lete, comply .v~th and ab:de by e_cn an~ every the sti~,ular,ons, agreaments, conclitions, and covenants oi said pro:nissory note and ih~s ~
mortgage any or e~the~, and si:d costs, char~rs ar:d expenses, each and cvery, shall L•a itttn7~[)~dlBly due and p~yable; whether or not there be notice da
mand, attetnpt tp co1;~U or wil pe+~ding; and tFie full a:noun+ ~.f each and every svth pdpmPnl sh~ll bcor iiite~est irom the da~e thereoi until paid at the
rate of nine per cene~m E:er anr.u.n; and all s~~d costs, chr.ges~anci ex~~er.s:•s int~:red or Naid, to3cthzr ~•r.th such ~nterest, shall be sewred by the lien of ihis
mortgage, j
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b. That (a) in the event of any breath of this ,".!ortgaga or defaulf on ttr~ part of tne h"~OfiTGAGOA, or (bl in the event any of sa;d sums of money ~
herein referred to be not prv~rptly an~i fulty F;aid ~v~thin th~rty 1301 days next a~tar the san~e serera!ly become due and payable, witho~t demand or notice, i
or (c) in thz event each and «•ary ~h~ stiFw'ations, agreemeuts, cord~tio:is a~id coe•enants o1 sa~d promissory note and th~s mortgage any or either are ~ot
~ulY, promptly dn:l fully ~,.,~{cs:^;:;i, d.icharg~-ci, executed, effectid. co npteted, co;:~pilcU v:iif~ and ~b;d~:l by, then ;n e~the~ or any such evenl the said ag- ~
gregaia sum rnentioned in ss;d promissory net~ then ~cmaining Unpaid, ~vith i,vare;r ace~uud, and aii mon~ys seeured hereby, shall become due and pay-
a6!e foithwith, or thereattcr, at tha o4~rioi ci s.+id L10^nTGAG`tE, as (ul~y anci compir.tely as if aH of ~h_• ss~d sums oi money were originaily sfipulated
to be p~:d on s~ch da~, ,_~iyfhir.c~ sn saai ~;ro:r.iz>~.~ry nole or in this.;.lortycg? to th•_ ton!rjry notv~ithstancli~ig; and thereupon or fherca(ter at the OptiOn of _ _
said llO4TGAGEE, withcut not~ta or d~rnrid, suit a1 iaw or in equity, fhcreforc or therraher h~gvn, may b: prosecuted as if all moneys setured hereby
had matured prcor lo ns institution. - . ~
7. That in ~he event thaf at tne bryinni~~g oF or at any ti+re pending any u:~l upon this Mortgege, or to foredose it,.o~ fo reform it, or to enforte -
paym~M of any ciaims hereur.d~;, sa~d h'.ORiGAG`_E shall appty_ tu ~ha Court ha:f~:g ;urrd:ciio:~ fhcreof for the appoinhnent of a Receiver, svch Court shall ?
fcrth.~~rh sppo;nt a re;e~•;er of s.,~d i;ea; tga~ed prof;crty a~l and si~ jular, i~•.ttvd ny a;: and sutiaular the income, prol~ts, issues and re~enues from whatever ~
source derived, ea:h and every oi wi~-c':, ~r beir.g er~r.css!y undeistuod, is her_~by ~~o;;y.;g_-d as if spec~fically set ionh and described in the granting and ~
habendum c:auses her.of, and such Rec~i+c: sf~all h>va alt th~ brcad ar.d ~•fiective ivnct o~:s anc~ Fo~•:ers in any~.vise emrusted by a Court fo a Reteiver, and ;
s~ch apeoiMrr.znt shalt be n.ade by such Leurt as aR ad~~,itted ey~ity and a matter of absolurc right to said A',ORTGAGEE, and withcut re(crence to the ~
adequaty or inad2qvacy of t}:e va;ve of the prop:rty mortgaged or to ~h;~ so:vrncy or :~~soiven~y e( sa~d h10RiGAGOR or tl~e defendants, and that such
rents, profits, incornc, issues and ~even~es siia~! b_ app2~ed 'uy such P,eceiver a:co~d~~:g io the !~en or equity of said AtORTGr1GEE and the practice of such _
Cour1. - ;
8. t~ du'y, Frer^pt'y and fully pertorm, d~scharge, execute, effed, (J:r~ltl~', co~r•~~ty w~th and abtde by each and every the stipulations, agreements,
_ conditiens and to~•enants in savd promissor~ nct? ar~d th's ni~~rtgage s:•t forth _
9. That in th~ event th_ ov:nersh;y: ef che mortgzged pre~iises. e: any , art lhcr~oi, Eccomes vested in a person other than the A50RTGAGOR, the
h~ORTGAGEE, i~s ii:cccssc~s ar:d ~ss~gn>, may, ~v;rhu•_t nor;ce to fhr :l,ORTG.•OR, deai y:~ti~ <_u.h suctessor or successor :n interest ~vith reference to this
mo•rgag~ ar•d ~h, d_~'t~t t._rei,~ s•_c~rcd i~s rh~ s~~ne tn?r.n~~ as wiih 1.1=r;gag,~ •.v;ileouf in an~ way vit:ating or d~scharging the l.~~rtgagors' liability here-
~nd~r or upon fF.e drL-t hc•-eby scc:~r~d. \0 53:? of tF c~•en ~s~s h~•reb; rnortaaged acd no iorbea~ance on the part of tht 1'.+ORTGAGEE or its wttessors
, or assigr.s and no exte~s;en of the tim~ fo~ the payn,ent cf tFe d~bf he:~by sccurcd given by thc• /'dORTGAGEE "or its successers or assigns, ahall operate
to rclcase, d~scharge, metl~iy change or a:fe,t the crig~nal Iia~~lity of ti~e h'.c:RTGAGOR herein, either in who~e or in part.
lU. Ir i; spec(ically agreed thr' t~:ne is of tha rsse:ue of -th~s cc,ntrau and that no waiver of any obligation here~nder or of the obligaTion se-
eured hereby snali at ar~ ti~;e tn_reahe: be F.e!d to b^ a v:aiv~r ef th•~ !erms hereof or of the instrumenl secured herby.
11_ In a:~c'r;c~ the ier~ ,;'r: :>.e.:!~,!~ j:,t:r°NS ef p-i:,c'pal 3nd ~+ir,~~cst requi~ed by ~he prom~ssory no~a sccured hrreby, morigagor covenanis
and a3:ces !o pa f ro r:o:tga~ee v.ith tatn r~Gnt%tiy pay~.:cnt an ~dd•~~or~3t sur,~ _~~t~~r3;td b/ mortg3~ee to b< equa! fo l,i 12 of the an:~uaf cost of the follow-
i n.3:
~ r1-AI{ re~l property taxes ie_e~:: or as,_ss;;i ~s3i•75f tnc auove desui~_d ria~ es~ate.
6-F;.~r~:;•~,;;s en f:re artd r:~r.dsi']~1~1 :f1::J.'3LGL a; i~arr"r. •cq~;red tc ce carned c+~ fh~ ~mprovvme~ts situate on the above d~scribed premises. ~
C-Pre~n~ums ~r ~_~ch more3;ye g~a•.:ry ic;~ra: c•~ as ~rc•rgag•~e sh~;7 iro:.: t:.:e ro t;•ne deem fit to carry en the loan secured here6y. ~
_ l.4c,.:y..~~ee Sti~~~ !~~m tu !i^-,•, ::C':S. ;.;crt.__.~~r :n writ~n ~ ~ -
, g e, the a,r.cu~t du: and payable hereunder and such s~~~ sholl thcreupon 6e due and 4
payai;:'e un thc due c,t._ cf the n~xt ~rc^tr.'.~' c~a~rea:u and e: r}~ Su;c~ Siivc mprti~ the:eaft,r ur,fi! mcrtg3~ee sh311 not~fy mort~agor of a thange in such ~
' ~~„'~nt. ~'-'ti, s_ _ si.'i~ o= ap: •ied by r::~-ra~c:a ic::a~d the ~:a;ment cf real prcperty taxes, InSV!3:1fC ~:re.^:u~~s, and mortyage guaranty insurance
p.•e~~iums. -
~ I\ :'JI7:;ES5 :'.'NEREUF, tt~e sa:~J I.tORiG%-.vOn I!JS h_tz~nio se! fiis har.d and scal the dny and year irsf a oresaid. ~
- ~g ~d, Sealed and dzliverad in the ores~nce of: _ ~ ;
- FILfb ~:C•r~tOEU - i
- ~ ' L - . t' (Seal) i
ST,~i:s:i: ;uu~++~i FLA. j Earl V. Armstr ng I I
~ i'~. i ~k~ - • (Sea1)
rr. ~r ~~.;I; ~OJRT L
~ rr,..~.,:, ~~r,, Kathleen r strong cs~aq
(Seaq
SiATE OF FLORIJA J~_ I~-.~ 58 PH ' 1~ _ ' .
St. Lucie t p.~~
couvnr oF
- - - ~ i7~C7 a~
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II Earl V. Armstron III ~
Before me pencna!iy ap;.e~red 9 and
_ ::a ~ :leEn Armstrong
~ - - _ his wife, to me v::El known and known to me 1~ be
tF~ i~d~vidua:s de:cn'.~_d in e+±a ~r:ho ex~cut_d ;f:_ foregoir.g instrumen?, and zcknow[edged before me that tt:ey~executzd the same for the purposes
' lherei~ ex~ressed_ Ar,d 5;:d-__-___~__Kathleen Armstrong
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r+~~e of the sa~d - Earl V. Armstrong III vpon ~ s~paraie and private
exam~nat;on by me taFen separate and apart from h~r said husband, ack~ow:edged to a~d before me that sh~ executed said instrumertt freely and volun-
~ taril~ and withovt an~ com;~u:•si~n, cons~raint, arpreh.ns~cn, or fear of o~ from her said husbar,d. -
YJII~~E~S my har.d ar.d oijical seal th:s_- lbth _ day of May A. D. 19 75 ~
_ _ ~--~-o-~ ~ ~ .
Notar~ PubGc ' an or the 5tate of Florida a: large ;
h1y Commissio expires: ' i
- Re7urn To: tl.•~ • i•: ~ . . !
. - _:r , ;~z.c rr f~._.._: o; !~.ao
F:rst Fzderal Savir.gs 8 Loan Asscciat;on t.:; ~
Of ic-. F _:c~. - . 6cr.3r„ o .,1.:~.~.. v ~ . i9i7 ~
I 7 ri:, c: Co.
Fo.t Pi::ce. Flor;da _ - 'sor'!ry €
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This Instrument Prepared By G ary F, E llwood • r-`~ ~ -
il ~ First Federal Savings 8~ Loan Associaiion - - ,
of Fort Pierce, Florida _ ' : =
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Checked B BODK f~~ - . .
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, _ . - - . _-I - 'I•Ii:tti:~v = ' J
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