HomeMy WebLinkAbout1949 3. To placa and continua~siy leep on ~}i_• k:ui': io~s no.v or he;eaf~er s~1.~ate on sa~d I~rr~! a•tcl ~n ali (C~J~{'~~11c'~11 dn<I Q@t30~13IIy covercd Wy this rnony-
' ago. •,vlih ali prcmiu;ns thcreon pa;d :n luil, t~rc ins~rar,c~ ~n thc usu~i star.d.v~ {:ol~cy fuun, in a sun~ a~.provt~l by Ih~ A1C~Riii:~G~E, antl weidsform
insurance in the usual sta:idard pol.cy lorin, in a:um approved b~ ihc 1.10R(G:1GEE, in such company er cmupanies as th~ N~OR?GAG[E may
diret~; ancl .fll fire a~id winJstom~ ins~~rancc polic~as o+i' c~~y of s~~d bui~d~nys. any int~rqll IFerCin ar r~~t ~Lc:co(, in ihe a89fe9sta sum aloresaid or .
in exceas thereof, shaN .untjin th~r us~~.il siand:+rJ nioi~_,.,gce c~ausu c~r sud~ o~he~ c~wse as thc 1.IG~igo Jde may requ,~a, mal.ing ~he Iees und~r s~~d poli• .
ties, each and every, pa~ab!r ~o sa~d ;.IORTi;1GE~ .,i ~ti irdaresl rn~y ap{~car, ani e~ch and eve~y su:h po1~c/ sh,jil be prom.~~l;y ass j~x~l a~:d del~verrd ro .
any held by~ said GIORTG:I:;EE a: turlher sacurity to s3~d ~~:artg.~ge dal,r, and, ~o~ Iess than trn {10) d,ys in id~anc~ ol iha expirat~on o( each poticy, to da- -
' liver io said !~10RIG/1G(E a renewal Ihereof, rogethtt with a rcc~~lpl fc• ihc p~rniium uf suth (Ce1NY:dI; and 1!,a~r a'~~11 l;= ne 1ir~ or windsionn insvrante '
pl~ced on any of saiJ b~il~J~n9s, any inlereit Iherein or parl thei~~a(, u:~:~•es in the fonn a~~d .vith ~ha tc;s payaL!e as aforesaid; and in ~he e.enl any sum
of money becomes pa~ab!e under s~ch policy or ~~ol~cies sn;d !.10R(GAGEE shall hav~ tha opt~on to rea•~ve a~~J api~~y tha san+e on accou~~i oi Ihe indabt~d•
n@SS SeCvrctl hc!eb~r c,r to petn~it S3icl l.tOliiGAGORS ~e r~Cci~~~• dnd uSC it ot a~iy i~~rt ti~rr.~oi for c;1i„ r~.ure~~ies. ~~,iileo.:! tVi~rt:~; •.~.:i+i :,r ~~~ip~ir•
ing any equ~ty, licn or right under or by virtce of ~h~s rr.o:!gage; and in thz evenl sa d A10RiGAGORS sh~}I for any reason Fail Io kecp thc said p~amisos so
insured, or-fail ro ci:!ivo~ proinptly any of s~~d pol~c~es of irtsurance to said A50F~1G:~GEE, or f~~l p:omptly to p~y fully any pren,ii~m ihe~e(ur or in a~~y
respecf (ail to per(orm, d;s<hjr9_, execute, effec~, comp:eta, co:rply ~vi~h and ,bide 6y th's coven~nt, er any p.vt hareof, s~id t.IORTGAGEE oiay {:lace and
pay io~ such inwrance or any part there~f wi~hout waivi~g or affecting any optlc~~, I~ru, equ~t~, or ri,~ht ~~nd~r or b~ virtue of this Atortryage, and the
fv~l amount u( ea.h and e~ery auth F-iymcnt sh.ill bc ir~;:ncdiatcly duc and payab!e a:;d shai3 hear int~r~st (rorn tha datE thcrco( u~~til puid at the rafe of
~:irtc pCt Ccrlum pc~ an~iwn anil m:~,.ti>?r v.ith sc:h int~~r~=st ~h,~li l~, sec,rrd Lv Iha Gzn of Ih's mortgn~~. .
4. To pPrmit, commit or suffer no ~vaste, in:pairment or deterioralicn of s~iJ property or any part thereof. ' _
5. To pay all and singulsr tl•:e costs, charges and expenses, inclL ding a reasonab!e attomey's (ee and costs of abstracts of title, incur~ed or paid at
any tin.a by s~~d AtOR1GAGEE, because or in the eveN o( ~i>> f i;'ure ihe~ carl oi the s;id h1pRiGAGOR to duly, promptly and fully perlotm, dischorge. .
executa, effect, complete, cumply w~th and ab'de by ea:h and evrry inr: :Gpu'at:ons, agre+~~+~ents, condilions, and covenants o( said pro:n~ssory note and Ihis
mortgage any or e~iher, a~~d ia:.! costs, C~13rryES a~~d experse•s, each and ev<ry, ahail be immrdiately dua and payable; whether or not thcie be notite d~
mand, auernpt to co:leU JP suit pend~ng; and ~he fu:l an~ount of eath a~~d e~ery such payn~eM shall bear i~aerext (rom the date thereof until paid at the
ratc o' nine per crntu~n F.•_. .~,~:w;~~; anr, sa:d cosrs, cha~gcs a»d rx, e~s,s ?~curred or p»id, togcthar ~vdh such imerest, shall be secured by the lien of th~i
mortgage. ~ °
6. That {a) in the evem ef any brexh of this 1horlgage or deiault on ~ha eart cf tE~e h40RTG~'~GOR, cr (hl in the evenl any of sa'd svms of money '
herein relerred to be no1 pron,ptly and tuliy ~a:d wi~hin th~rty l3J) days nex~ aitcr the sanie seve~ally beca+ne due and p~yal~te, without dzmand or notice,
or (c) in thr eve~~t ezch and ev~ry ~hr stipu!ations, a~~racments. con;lfiions anJ covenants of sa:d promissoiy note and th~s mortgage ar.y or either are not
~uly, promptty ar,d fulty pertam~d, d s:harqrd, ex_cuted, cffectrd, co~n,~letcd, .ompl:~d ~.~~~h and abiJad ~iy, ~hen in either or any wcFi evem the said ag-
gregata svm mznfioned in sa~d prou~~sscry not~ then ren:aini~ia vn.e.afd, vr~th interezt acc~ued, and a~l ~noneys secured hereby, sha!I betome due and pay-
ab~e fotlhwith, cr theriafter, at Iha oetion o{ s.iii! 't10RiGAG~E, as f~t;y a~:d cor.~~iett•ly cs il a~l of tn~ s.~id sums of money were origlnally stipu:ated
to be p.:d on s~ch day,_ ~ny+htrg in s3 d pre:n~sse: y no~e er in ihis l. erryag ~ rc thr co~~~rary nonv~thstand~ny; and thereupen or thereaiter at fhe oprion of
said MORTGAGEE, wnt~o~t not~ce cr da~na~~.l, s.:lt a~ Iaw er in equ:ty, thcre;ure or +herraf7er begun, may be prosecuted as if all moneys secvred hetzby
hao matured prior to ~ts inslitWion. ~ ,
7, That in ~he ev~nt rhat at ~he beginn'ng of or at any t~me per.diny any su:t up:•n this Il~ortgage, or to foreclose if, or to reiorm it, or to enforce
psyment of any c'a~ms h_reuncte~, s~~d ;:,ORTG:~G~E sha!1 apply t~ tne Court ha.~~r.9 jur~sci:ci:on :I,ercof for the appoinrment of a Receiver, svch Court shall
(arth.•:i!n appeint a rc~•_;;cr of s~i:l n.~_rtya3~d pr!p_rty aI~ and sinyu•.ar, in:!v:i:ny ,ii and s~r:gular lie income, profits, ist~es and revenues from vrhatever
s,urce der~•r~d, ee:h ar.r1 e~cry ot tish,ch, ii +~e~ng c~x~~•ess'y vnders~rod, is F.ere~iy n:a~~g~;;_•d as if spec~?iialty~se! (orsh and described in the graMing and
habe~~dum c!auses hereof, and s~ch Rcceivi: sh±li hav_ a1i the broad and eifc~c!rvc fur.ct cns .nd pov:ers in any,v~se envusted by a Cou~l to a Receiver, and
such appointment shail be rnede by sv,h Court as an adnitt~d eq~~~y ar.d a r.,att~~r of rbso:ute r~yht to s~id A'ARiGAGEE, and v.ithcul reference to tt,e
adequacy or inadequac•,• of ifi;; va:~e ef tfia prcperh/ mortgaged or to fhe so~venty or ~e;<.otcenCr oi sa~d h'~ORTGAGOR or the detenJants, and that such
~ rents, profias, ir.ceme; issues and rever.oes shali F:e aFF~~~~ ~Y such Recrivcr aci~rd~r.q +u tne lien or equit~r of said ;hORTGAGEE and the praUeta of such
Court. _
8. To du!y, pre~>?pt;; and fu!!y Fer?om~, d~s:h3rce, execute, effe~~, ce:nplete, rumply v:+~h and abide by each ano evcry the stipulations, agreements,
condii~uns and covrnams in s~ ~ F::omisso: y r.o'c and tnis m~rtga je s~4 fo~ih;. - ' _
9. Ti-et i.~ fF.~ evc•^t iF:~ e:~r,e:;h:; ef ti~: rnc•t~aaed pre~r•.~<_:,s, er an,r part thereef, Lecornes vested in a person other than ihe MORTGAGOR, the
A'•ORTG:+GE[, its :ucc.>s_.:s a~d ~is:ar,;, ~:,a~, v::l;o,: ,:o~:ce r~ rt:e :'.O~;G:~O~, ceol :v~~h s~ch wccessos cr successor ~n interesr ~virh reference 1o this !
mo,tgage and th~ c+.-:ct t:c~cby s•:c~~ed i~i ?~.e <.an:e r.~anr.~r .~s v::?h ;;:e3r.gor ~ti~tti;:ut ariy woy vitiating or d,scharging the 1.5ortr~agors' liability here- -
- under o: v,?on the p~_:,t 4:~:e1,~ s;o.n^J. P+c, s3~_~ ui '!e c~e•,.~srs F_~.:by ~,;;rtgaged ar:d no fo:~e~rance on the part of the lJIOR?GA:iEE or its successors
or assigr~s a~d ro zatcrs-on of ;h.. i::r.., io• t},e ;~a~~,~.>,~f of tfie de'~~ ir_~::t; s_c~rcd given by the 1.,ORTGAGEE or ~~s successors or ass:gns, a~lafl operate {
. to re!ease,-d~sch=_:ge. m~J:fy :Fian_e er aficct the or:~~n;! iL=_,:;:iy oi ihs 1,'.ORiGAGOR herain. cither in v.hole or in part.
1p. !t ~s s1-ecF~:a':~ ::y+ecd tha~ t;:n~~ oi r'r;~ cue^o~ of t}:s co:~tratt a:;d that ~vaiver of any ob~:ga~ion hereundcr or of the obligation se-
cured hareb~r shaL a: an~ t~~,_- ti~~reai;c; b~ he'.d to be z ~v.,ivc: ci the te;rt,s h~reof or of the instr~m2nt secvred he~by. -
11. In ~cid~tic: ;o t~e forec~o:~ig n~~enth'y ~•::y:::nis of pri:ic'~>;f a^ci i~~terest reGu:red by th^ prorn;sscry no!e secured hereby. mo:tgagor covenants -
. and ag•ces to ~~~o:~-._~~_ .,.~i~ r.~,h ~r:o;,•1~~;~ ,,e, ~:r an z,._. ~;cn~i s;,,.i c..,. .,,.ed bf ine:t3~ge•z !0 6e c:~u~t to 1; 12 of the an;~ual ccst of th? fo:!cvr-
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_ A-AII .ea! prop~.~t ~ t~trs er ~_,•,ss~:i ag~~~ st ;hc ai:ov~ d~sc•:;• d._al es!:,ea_ • t
S-Fr;:;~:v•.. rr.cl ~..-i;:t,•x;~~ ~r:s;;r,rce i,,,re~n r~q:;•ed to E., care~~J c^ th~- :m;:rovem-~.;ts rteate or. th~ above d~scri6ed premises.
C-Pren~.~~~~r.s en srch nt;,tigage q~aran!y :r.;;;r~•,-_c ~s n:crtg.~gee s~~a;l fro+• ~~::c to s~~~~e deem fit to earry cn the loan secured hereby. ;
'.'ertga,ice s'~~~~ '~c•n t;+r.e to t~~-e nc'~~; r:~e~!crg~r ~r, v.r:t:ng ef :hn a-ro_v d.,~ and psyable hereur.dar and such sum sha!I t~ereupen be due and
payet;!. on th~ ci,_ o~~e ci t~: r.~,~t .......~I; p:,•;c~:.:•,t a"d e._ch s~~;a:ss~ve mo~~?~i thereaft:r ur,til mertga~ee sha!I rtotify mortga~or of a change in such
amount. Su;h sums s~:~3:! hc arp!i~~J E•y rr_rtg~_ = to:rard ~he paymerT o4 reat crepe•ty raxes, insura:r,e prem;ums, and mrr.gage u~araNy insurar.ce
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- pre!z:iums. ' }
RJ \'JITNESS V.'HE~2~C'_ t}:e sa~d 1:,~~TGi.GOR has nereu~te set his h3r.d and s•_a! tEir d>y a~d r~ first afore id. ' '
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- ed, Seated a. d~'' -ered i e preserce of: - ~j 'i c
--i - FII.~L~ P,~l:~+~Dtt7 J ' {Seal) l
$i.t~ ^ - :~';4~Y FLA. C_.. ~
i - - J.,i:. `r':~i~A$ '-fLE (i-~.:].JSs+a~~ ~
- ~--~-4'~~-~---- F. T _ :
~ CL ='•.F, '+{tT C7JR _(Seal)
- - - ~ ~ ~ . . _ . = ~ {Seal) ~
i STATE GF FLORiDA ~ ~QY I~ 3 ss P~t'~
COUNTY Of _ SL . LUC1~__ ~ _ _
Befure me persor~~!Iy aP:,e>red _ I.-- P'- !~'tl 1 iC'i~t~~t7 _ - and
C_h 3I' 1 nt C CP !t ~1 1 t~'tn~lC1 his ~:ife, to rne •r:ell kno~•rn ar.d k~u.vn to me to be
th~ indr.v~~s':z d.scuced in ~r,;! •.ho execvted tn: forego~ng instru~'::nt, and ac;:~:o.~'ed,cd before me that they executed the san:e for the purFoses
C:iarlotte ~J. ~~'hit~;~an
therein exFress:d. Ar.J th~ eaid_-_ _ _ _ _ -
D. ::h i teman
r~i(e of tha said , upon a separate and private
e=an:? ~at~on by r.,e teE_en s~cara;e sr.d apart ircm her said husband, ack~owtedged so and before me that she executed said instrument freely and volun- ~
tarily anG~ Vl~1F1D'JT ar.y compu?sion, cor.straisv, apprehens:on, or fear of or from het said husband. -
~ :'lITNE~S my har.d and off~cial sea~ th~s_ L~
r'~1' d3y of_~ ~ ia A. D. 19 7~ ti
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- . Notary P~bl' n~ for the 5tate of Florida at Large ~
- - h1y Comm~s ' n expires: _ ~
. ' . Re!urn. To: ' ilot~r,• Pu':'i:, St^•te eF FieriLa ot lnrgr ~
Firsf Federal Savin~s 8 Loan Associaf:on . ~
Of : ort P.~; ce. l,1y Co:~:RSission Expires July 24, 19TT ;
Fort Pi_~rce, f!a•:J3 - Bcndtd by l.merica^ firc & Casvalfi Co. ~
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This Instrument Preparec! By John :ti . Co L 1 i ns ~
First Federal Savings 8~ Loan Association ;
of Fort Pierce , F lor i ~a . , - ' - . - '
Ch~cksd gy 1~_ _ 0 R : _ , ; ' - ~
B~ox 2~9 F~~f1945 - - . _ . ;
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