HomeMy WebLinkAbout1945 - 3. To nlace and cuntinuous!y keep on i`.a Lui!d~n.~~ now or hereafter t~tua+e o•, s~~:i ia~,d 3~d on ali equipo~.ent and perionally covercd by this morlg•
ac~e, ~vith all premiums th~reun pa~d in fu~l, ::re ins,,~ancc in ih~ uic~; stan:lerd F;a~ic~ form, in a sum a;:prnveJ Uy Ihe hlpRiv~GEE, a~ul windstorm
insurrnce in iho us~al ~randard pof,.y forrn, in a:u~n apy~roved by the MORIGAGFE, in such compa~ry or c.n~{,anies as thn htORiGAGFE n:a;~
diretl; and al; ti~e ar.d w~ndstoru~ insu~anc+t pohcies nn a+iy of saiJ bu~ld~ngs, any interrsl th?rcin or part Ihcrcof, i~i the a99reya~e sum alo~esaid ot
(n excess thrreof, shaN ;o~~tain ~t~a uw~~ s~a~:ci~rd ~n~rigay~a uause o~ svch ofher c~ause as the Aior~c~agee ~nay ~equ,~a, niaAing ~ha ioss vnJrr sa~J poli-
e~es. each and cvery. }>jyab!~ lo sai.1 h1O~TGAGEc as :h in~erest may appejr, ;,nd ~~ach a:~d evc~~ w:h ~,o'~ty 5~~3~1 be pron.pt!y aai gneJ a~:d de:iveri•d ~o
any hetd by said I,tOFfGAGEE as furiher eccw~ty io s.ud n~enc~age J~h~, and, no~ less than te,i (10) d3ys i+i aJ:a,~c~ oi iha rYpi:o~~on of cach poGcy, to de• -
livtr to said AlOR1GAGEE a renewal Ihereof, togethe~ ~vi!h j recei~t lor Ihe premiu,n oi such renewal; and It~ere shilt he no fire or ~vincluoi~n ins~rance
placed on any of said buildings, any intrrest the~ein ur pait Ihereof, unless in ~he '.orm and wilh tho Icss payab!c as aloresaid; and in tlie e~en1 any sum .
of money b~cornes payabie undrr wch policy ur pofciei si~d MORIGAGEE shal~ have ~ha op~ion tu ~et~:vv anJ apply the sjme on accevnt oi the indabted•
ness secured. hareby er Io peimft sa~d /J10RiGAGOFS tu recaive and use it or au~ p.~rt f1~2:~of 'tor e:~~~r E:ur~~cses: ~•:~~hou~ ~h~~.i~~ ~•1c~:~~~ cr •~np3ir•
ing any equ~ty, licn or ~~ght under or by v~~tue of this mO:!ysg~; and in thz evenl sa'd MOh1GAGURS shzll for any rcoson i~il to k~ap ~he said premis;s so
insurcd, or fail fo del~v~-r pranplly any cf s~id Fai~cias o( insurar,ce to sa:d MpF.TGAGEE, or fa~l p;omptly to pay f~lly a~y pr~~:iv,n the~efer or in a~y
respect (ail to per(orm, dhcha~9e, ez~~tute, e(fect, co~ny:et~•, cem~:ly with and ah'vic by th~s tove~~ant, or any pirt hrreot, said ~.1GRT;,~IGEE may place and -
~ pay (or suth insvran<e or any part thercof without ~ti•siving or a(fectin~ any opfio~l, lien, equity, or ri~ht ur.der or by virtue of this hlortgjge, and the
full mnounl o( each and e~ery such pryment shail 6~ immediotely dua ar.d payah!e and sf~ali b~~a~ int~res~ iro~n tha data thereoF u~+til pa~d at the rate ol
nine p^: eentum per ar,r~;:m and to~erh:~r ~vith such in~,rr~st siiill b., sccured Ly lh•_ tian of this rt:orfgac~e:.
a. 7o permit, commit or suf(~r no v.•aste, impaim;eni or detc~~o~ation of saiJ property or any parl thereof.
5. To pay all and singul3r the costs, charc~ea and e.xpe~ses, incl~d~ng a reasonah!e astomey's tee and costs of abstraUs ot title, incurred or paid at
any time by sa~d h10RiGAGEE, b~tause or in the evant oi th_ fa+lure on Ih~ part o4 ihe said M150RiGAGOR to duty, promptly and fuity pcrto~m, discharge.
_ execute, ef(eu, ccmpl~te, cornply wdh ar.d ab;cie by ea:h and every rhe sUpv!atioiu, agre~~mcmy, condi~ions, and covenan+s c4 sdic~ promis5ory note and this
mongaya any or either, and sa:d costs, charr~es an,i exe~nsez, each and evcry, shail be immediateSy duz and payable; whethee or not the:e be notice d~
mand, atte~opt to coilett or suit pznd~ng; ~nd the tull an:ount ef each and every wch paymeM shall bea~ interes~ irom the date thereot until paid a1 the
rate o~ nine per cent~m p:r annu.n; and oii said cosrs, ci~arges and expens~s ir.currcd er pa~d, together w~th suth interest, shall be setured by the lian of this
mortgage. .
6. That (a? in the event of any brea;h of this Atorlgaga or default on tl~~ parr cf !he 1140kTGAGOR, or ~b) in the c~•ent any of said sums of money
- herein referrzd to be not promptiy and 1t~uy na~d ~~~rt,~„ Ihirty ~3"v) d~ys n.a~ aiter the same severally become due and payable, w1~6out demand or notice,
_ or (t) ir. th: event each and every ~he stipu:ati~ns, ag~c'Bmenli, tordi!ions and covenants of sa:d promissory note and this nwrte~aye any or either are nol
~uiy, promptly and f~{ty p?rformed, d scharg_d, zrecuted, eif~ctrd, co•npteted, co:+~pi~ed v:ith an~ ab~~ed tiy, then in e~ther or any such event the sa~d ag-
gYdgate sum rr.entipned in said pro;nissart~ note then remain;ng ~npa~d, v:ith interc;t accrurd, and ail moneys secured hereby, shall 6~tome due and pay-
ab!e iorlhwith, or Ihereafter, at ihe opt~o.t ot sald h10RTGAGEE, as tui;y and cemp!ete:y as ii ail of the said sums of n;oney wcre originally St~pulated
to be pa:d on svch a;y, anylhing in ia.d ~;ro n;ssory notc cr in this 1+lortgage tu the con~r;ry n~r.v~~hs~andiny; and Ihcrcupon or the~eallrr al the option uf E
said IAORTGl1GEE, w;!}.n~t nofi:e or de;nand, s~it a~ !aw or ir equity, thrrefere cr thcreaiter begun, rnay be proaecuted as if all moneys secured hereby ~
had matu:ed pr~ar ro its inslitution. ~
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7. That in tF.e e~en1 that at tha 6e~inn;ng of or at any time f,end~~~g any su~t vpu~ this Alortgage, or to faeclose_it, or to reform if, or to enforce
payment of any c~3ims hereunder, sa~d ~.:ORTvi.GcE shati appi, to ~he Gour~ ha~~nJ jur sci.ct;on th~rrof for the appointment of a Receiver, such Court shall
Forthwith appoi~it a reteivet of s~~d mortgay_d prorerty a!i and singular; inctvd n~~ a~i ~nd singular the ir.come, profits, issues and revenues from whatevet
sou-ce d:rived, euh and every of ~vhich, i+ bei~:g ~,cEu~~ss'y understood, is ?:ereuy mor~nage~ as if spec:ficaily set forth and dest:ibed in the granting and
habc'ndum dauses hereof, ard wch Retri.rr shai; have all ihe broad and effective fucu.ons JnCI pOwf~S in any,v~se emrusted by a Court to a Receiver, and '
such app:.intment shsll be rnacie by svch Cou~t-as an_ad:~itted equity and a~~:auer of aL.oiute right to sa:d h10RTGAGEE, and w~thout re(erence to the i
ad_~quscy or inadeqvacy of tf:e vai~a of th_ prcperty mortgaged or to the soivenc} ar „eso<venc~ of said h10QiGAGOR or the defendants, and that such i
renrs, profits, inccm=, ~SSUt'S and revenues sha!i be app;ied 'oy such Receivcr rccord~na w the tien or equ~ty uf said A1vRTGAGEE and the praclita of such `
Court. - #
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8. To du~y, prem{.1[y and fu11y pe:(om~, disch~roe, execute, efted, co~nplete, c~mF~Iy with and abidn by each and every the stipulafions, agreemeNS,
conditiens. and ccvenants :n sa~d pro;nisaory note ai:u ~+~:s mortga~e set iorth. _ , ~
- 9. That in tF.e eve~~t th~ cr:r.MShip of ~ha mor:gaq=d premises, or any part !her-:of, bcco~ncs ~ested_ in a penon other than the ~.50RTGAGCR, the :
h'CRTGAGEc, its ;uccessors ard ~ssigns, may, wEs};_ut e~etic~ to the :4pRI;,AO~, d~n' •1vi'h wch successor or suctesso:_ in ir.rerzsi with reference to this '
matgzye ar:d the d.l~t Y:~ri•:}y secured in the sar.~e rr:~:.r._r a; v:~;h i,lo~tg=gor ~v~thout in any ~vay vil:ating or ditchargin~ the Idortgagors' liability her~
under c~ vpon thn d~::t i:_ret:~ s:;~~red. P.o sata of tl•e p~en,is^S fi~rcD/ :n^rfg?ged a.^.d no ferbearance on the part of the /.10RiGAGEE or its svccessors
o~ ass+gns znd no ex:e,~s~on af tM~ ti~.;_ icr th~ ~~~.rnt ef th:~~ dcbr he:eLy s_wre~ given by the htORTGP.GEE or its successors or asi;gns, a~~all operate
fo re!ease, d.sci,arge, ~~:od;fy ~han7z or af(ect tne cuiy~na! iiau~~;ty af tt~~ 1~:341C;NGOK herein, eitFer in vrhu~e or in part. -
- 10. It is spe.:ftcafly agreed that ti;nr is cf tf:•_ essence of :l~Es co~aract and that no ~vai~er ol any obGgation hereunder or of ihe obligalion se-
, cured hrreby sF.a!f at any ti^~e ~heraafter be t:eEd to Ne a v:aiver of thc !er~r,s hereof or of th~ insvumero secured herby.
I1.~in ~:i_i.r:on ;o r?~e fo:ege:ng n~;:ntt:'v E~a~n~~n~s oF p-;~:c'p~t and inr~~res~ requ~;ed L-y the p~om:sSCry n0'e secured here5y, rno:tgagcr eovenants
and d[.]fCeS 1J p_•,• to e,o-tg~g•_r v.ith e.,cn ma~~th;•; ,,arr.::nt an add;~ional sum e;t~-nated by rnoriga~e~ to ~e eq~at to lj l2 oS the annva~ eosi of thz folfow-
ing: . • ' -
A-A!t r=_.+i ;,rcperty taxes ,r:~:d o+ c55PS5~_.:j . r'.5: :F{ d::OVi• (:°_Stfl~r(I r<•aI es+ote.
6-Pre:r-.:_~•z;s cn fire ?n:J r:icdstc:m :nsur~-a• as f~ere~n oe:~u:r~d te be carri~•d on the ;mprov~mc
~ts s;tuate on the above d_scribed pre~nises.
C-Pre+,~i~•n-s u, ~v~h n:orr~;ce n~ar~-,t; i-su*a•:ce as n;crtnagee s~aif frc~~: tr^e :o time d_.~m fit to earry on the loan s~cured here~~_ ' €
~'.ortga3e•~ s~a!! f.om r;:r..~ to t..r e ncr~1~ r„er~~;g~. [n v:.ir.rg of th~ a~ro.,~t dv_ and p3yabte hereunda: and rxh su:n shall thereupon be due and -
Fayab:e on th~ d~;e c.at~ of th~ ~.~~~t :~:o~ti,~; p~y:+~e,it ~,~d e~ch s~co;ss~~e n,orvh tF.ereafier u~;til mcrtgagee shall notify mortgagor of a change in such _
amount. Such su.ms s~s~t L-a appii•_d 'of n;~;±~s__~ sc::a:d thc payment of rc~i p~operty taxes: insurance prem:ums, and ~oortgagc guaranly insutante- 1
- premiums. 4
F
ItJ !1 J 5'." ER~ tF a;d ~i A~JR has {~ereunto set his hard and seal the day and year firsf aforesaid. _ ~
~ ea! a e;iv • d in t .esenc~ of: ' .
~ fl~ ~G 'h: :c~~;3~tt~ ~~L ~t~~l~~ ' ;
J3 ST I~JC(~ ~•JUH7Y FIA. ~ t •:~E~~ ~s,t5ea1)
• . ,=,;:~~~aS W~ne~R. Flewwellin `
- - RGG~' r~'JR7 )
- c? ~r:~. :-'_~~~u~r _ ~f~ - _ ~ ~
- ~ -'~1- Mary A Flewwellin , ~aq
- (Seaq
I - SiA1E Of FLC~RIDA M ~ 5H { ~ i~~ . - '~,flp~j ,
~ ~ t~Lli7tl8~ i
; COUtJTY OF S.~_ L~~~-_ 1 ~
I . - , Wayne R. Flevnvel~in - _ - _ 2~d "
Before m~= az~sc,n°,{y ao~.eared -
_ _ h~ry___A~_ Fl,ew~yg~~in _ h~: wife, to rr,2 v:eil knov:n and knawn to me to ba ;
tne indiyidu~:s- desc~~L••=d in ard v:ho eYecu!ed th= ioregoing in;trument, and ackno.ti;ed3ed be`ore me that they executed th~ same for tha purposes '
the~ein ex res,ed. And the said____ •
F Marv A Fiezvwel~in ;
, }
wifc of fh> s3~a _ Wayne R• Flewwellin a separafe and privatc ~
exem:nat~on by me taken separate and zpdrf fro:n her said husband, acknowledged to and before me that she executed said instrument free~y and volun- ~
tari{y and witFout any compu;sion, co~~straint, apprehension, or ~fear of or irom her said husband. ~
V~ITtV~55 my hand ar.d offic~~! seal this__-_~~ day of ~`~V " ~ q, p. ~q~~ ~
_ - - _!~e~'~'
_"'"i'Gy~ e~:J ' . ~
' Notary Public 7n and for State of Florida at large "
- ' 1~1y Comm~ssion expire .
Retum To: . D I --'7~c.)
FirY Federal Savings 8 loan Asso:iai:on
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" Of Fcrt P.e:c^. ~ g
Fort Pi^rcz. Flor,de - _ ~
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_ - - '~cry f ~'L ` _ _ ~
This .lnstrumenfi Prepared By ~obert A. Swisher Jr. = ~~j ~ ~ - " - ~
First Federal Savings & Loan A;socia ion ~ , _ - _ ;
, t--,
R orida 33450 ~
of Fort Pierces ~ - . _ _ ~ - ' - . `7 . '
_ _ . ~ -
Checked By ~ '
'~,~~i ~
~ '~~+N~nsn,~~ ~ .
800K ~t7 ~AGf : r'''~ • S ~ '
t
_ ~ " ' _ ~
. , _ , ~
_ . (~2 :
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