HomeMy WebLinkAbout1953 3. To placc and continuousiy leep on the 6ui!d~~ys nox or hereaiter ~ituste e~i sa~d land ~nri on aU cq.,ip~neni and personatly covercJ by this morlg-
age, wi~h aN pre~»iums Ihe~eqn pa;d in tvti, tire ins~rar.ie ~n tho utwt srar.;l,irii po!~~y iurm, in a su~n ap.~;~o+aJ bt ~h~ MURlC~;:GEE, anJ win;lsto~m
inSUran~e in iha usual ttandard pe!icy f~s~~n, in ~:urn nyproved l,~ ~he h1CRTG1IGEE, in such_ company or tompan~es as tlic h'.ORIGAGEE rnay
direth and all lire and windstonn insurania po`it~ri on an~ oI s~id buii~J.ngx, a~~y infa«s~ Ih~~cin er pa~t ihci~si, in Ihe a99irgafe Su~n aforesaid or
~Il @%Gc'SS ih_reJ~. S!~31) COnl.liit 11~c' us~,ll SI~~:c~.;r:l nlo~!<~3~~Z ti,lult S~Ch OI~~Ct <~~US: a3 Illc' ~11G~~ya~~t' ~1iAy Iryu~:r0, n~dki~~t~ 1{« IO1S u~7t~~r S:;~l~ ~O~i-
tirs, each and evary, payaht~ t~~ saiJ,U~)CIGALEE as ~IS inirr~st rna~ apFear, and c.xh .and cti•ory s~~ch F»~~cy sha:l Ue ~xom~»iy assyred ar.d delivercJ ~o
eny held by sa~d AtORTGAGCE as iur~her secur~t,r io s~~d n,ort~a.~a deh~, a~id, not le:ti ~I~an ten (IQ) dj;s in advance of th~ expi~et~oii of each poGcy, to de•
livrr to said h1t~RTGAGEE a rencv:r+l ~heroof, togeth~r w~:h a rece~pt tor ~h_• pn:rn;un, of such rene.~al; and the:e shall be no f~re oi .cinds~onn insurance
- p!ated on any of sa~d bulld~~~gs, ~ny intcresf th~ra~n or part Iherrof, un!ess i~i sh~ fc~n~ anr! w~th d~a Icss payable as dfOfn53iCI; and ~n thc e.e~~t any sum
ef money becon~es paysb!e vnder such potlcy or poUcies sa~d 1,10RiG>>GEE sh~ll havc ih~ opt~o~~ to rec:l~e and apply the same on accoun~ of the indebted-
ness sec~red har~~by cr fu F-rmit s3~d 1,1~~RTGAGO~S to reccice and use it or anj ~,3•t ih:•:coi fw c;hcr pu•j~oscs, r:l~i~o.:t ih.~.;~: ..;~:in•~ cr ~•np.~ir.
ing an~ equ~ty, tie~ or riyht under or by v~rt~e oi ~hls mo:!gac~c; ar.d in Ihe ecent sa~d A10RTGAGURS shall for any rcason fafl to kceE~ fhc sa~d prem~sas so
iasured, or fail to delivcr pro~nNtly any of said ~:oGC;es of insur~cte t~ sa'd 110R1GAGEE, er fait promptly to pay fully any pre~»ium ther~lor or in any
respect fail lo pzr(orm, d~:ch,~rg.:, execut~, eficcl, cornp'eta, comp~y v.irh and at~~de t~y th~s <ovena:;t, er any p.i~i hareoF, said h10R1GAGEE may placz a~~d '
pay (or wch insvr.jnca or any part Ih_roof without waivir.g o: affecling any oj~iiun, l;an, equ~ty, or righl ~nder or Uy vi~tue of this Alortg;ge, anc! the •
full arnount of cach and e~ery such pa•l::i~i:1 sh~tl Be i~r~neJuteiy du? ar.d ps fable ~,d iha11 bear inter~st from tha datu thtrcof until p~id at the rala of
- nine p~r centum per a~inum and toryath,~r with :vch i~i~erect cE~.~G h._ ~.,..;,red 6y ~he lien af this ~r,ortgaye.
4. Ta permit, cumm~t cr sufter no v:asle, in:pair~c~em ot dete~;oraticn uf said E>ro~erty o~ any part thereof.
5. To pay al~ and sing~lar Ilze costs, charges and expe~~ses, ituluding a reasonab!c atromey's ice and costs of abstracts o( fit}e, inturred or pjiJ at ~
any timc by s~id :tpRIGAGEE, betaus~ or in the >vent ef th•, fa:lurc on the psrt ef Ihe said AIORTG.IGQR to d~ly, promptly and fvliy perfonn, d~scharge: ~
execute, effeu, co~nplete, comply w~!h and ab:ue by ea;i~ and rvery the st~pu!~~~ons, agreernents, cond~lions, and tovenants of sa~d pro:nissory note and ~his
.nurtgage any or e~lher, a::d s.~'.cl cosrs, char~es :~~~d axF~enses, each and.every~ SF13II be imir.ed~atcly due and payab:e; ~vhether or not.tF.ere be notice d_ ;
' mand, atrernpl to co;lect or suit pendmg; and the full amount of each and evary suci~ paymem sha~f bear inti:rest from the date thereof until paid at Ihe }
ratc o'. n~~ic {~e~ c~,irt~n, E.cr on:~u:~, a:~c oU sa[J costs, cha.ges and ex,:~nses i~~turred or p~id, ta3alher w4h such interest, shalf be seeured by the'lien oi this i
morlgage. " - _ ~
b. Tha~ (a) in tha e~•em of any 6reach of thh Alortc~age or d~faulr o:~ the p~rl af the MOCTGAGQR, or (b) in Ihe e~ent any of sa°d sums of money
herein refer~ed to he not prpr.~~:~iy ar.d tul~y pa;~ v:itnin thirly i30) days newt airer t1~e same seveir.'!y become due and payable, ~vithoul dema~d oi notice, i
or (c) in th~ event each and evrry th: stipu!at"7~ons, ag~eements, cordit~ons and ~ovenants of sa:J promissory note an~ th~s moNgage a:.y or either are nol -
~u!y, p:romprl; ar::l i~i!~ pertar:,:e'. c:s=h;r~•~U~ @AI~JIid, ritrct~d, co~r.t,'et•:d, cu:npiied v.irh and a6~ded 5y, thcn in e~ther or ~ny such e~ent the sald ag.
gregatc sum menrioned in s3id pro~+,;ssory note then re:naini,ig vnpa~d, ,v~th ir~te-e;t ac;ru_d, and ail ~norteys secured hereby, shall become due and pay
ab~e fcr~hwirh, or thereafte~, a? the o, ~;cn o~ sa:d P.10~2iGAGEE, as ~ulty a„d ce~np:e!ety as ii ail of tl~~ sa~d sums oi money x•ere originally st;putated
_ to be p:+'d on such d~r, anythi~g in s.i:u prom~uory note cr in th~s 1.lortga~e to ~he tomr~ry not,•rthstandu~y; anci thereupon or thereafter at Ih2 ept;on of
said 1.10RiGF.GEE, vrithout notice er cen,and, scir at Sax or in eqvity, thererore or the:eafter begun, may 6e prosecuted as if atl mo~eys secured hereby
h~d mawred pr~cr to its instit~tion. - .
_ 7. That in-the event that at tn: beginn~ng of or at any ti:ne pend~ng any su~t upr•n t6;s !1!ortyage, or to foreclose it, or to re~otm it, or io enlorca =
payment uf any eir.n,s hereur.der, s~ic! a.1=JQTG~-G:E Shd;I apply to the Ceurt h;.v;ng j~risd:c:;on ther~oi for ~he aopointmenl of a Receiv~r, such Court shall ?
ferth~rith .=pf:o~nt a r«ei•:cr oF srd ~.^.o:rg„~ed eropcriy ai! and singi~!ar, in~tud•ng ~;I ;.nd singwar the i.come, pro(~ts, issues ar,d revenues from wh3lever -
source dcri:ed, ea.fi ard ev~ry of ~.;h~ch, it L.•~ing e~pres:!y undersroed, is hereuy incrtg,~ged as it syec~fdcal:y set forth ~nd deseribed in the grzntinn and -
habend-um ctauses hereof, and wch Receiver sh~il I~av~ all iha bro~d ar:d eifec;~ve fur:c~ cns and powe:s ~n anya•~se emrusted by a Court to a Receiver, and
sv:h ape:oint~nent sh~li be n:•rde by such Court as an amr.irtr~ equity and a~r.atrcr oi .>bso!ute right fo said htORiGAGEE, and without re(etence to the ;
ao'~quat~+ or inadz~quacy of th~ ~•a!~re of the prep~rty mort~aged er ta li:~~ so:~eticy cr ~n~a:vency of sa~d ~.;ORiG~!'CiOR or thc defendants, and that suth ;
_ rents, prof~~~, incame, issues ancl r~ve~:ues sha:f be aF:pl:ed by such Recc~rer acc~rJ::~g to ~he Gen or equity of sa:d 1.10RTGAGEE ar,d the p:au~ce of such a
Ccurt. - -
8. To duty, prompt:y ard i~i~y perfo:m, d~>ci~jrge, exrc~+.e, ef'ect, co+rp~<t~, co.r,ply v;ith and abide by each a~d every the sl~pvlations, agreements, ~
condit+ens and covc•nants ~n s3~J prcmissory note ;r,c~ th:s n:~rrgay> s~•t ferth_ Y
9. That ~;;he rve^r ;h~ c:ln-rsh;p ef th: morr9.~erd p+rm~v~s, cr a:~~ part ii~.~recf, 6ecornes vested in a Ferson other than the MORTGAGOR, the ~
h'.ORTGAGEF, its si~cc~sscrs anu ass~a~s, may, ~•,;~ho,r, not c~ !o ti:o :10~iG:.O~2, dea! .:ith such successo~ or succcssor in iNerest with teference to this
mortgagc ar.d :he d_ut !,cr~by s_~c~:~d in tne sa-v.e ci3c:n_r as .ti:~h ,'.'.~r1Jd5n~ •;;;~hJVT in any ~Vay vit~ating or d~scharging the /rlortgagors' liability here-
ur.c;~r or uport the deb~ hera't,~ ;ec•.,red. h;o a:,'a uf ;'r~e F•-en 1;••; }:.;reb~ ~no~tgaged ar:d no ferbeara~ce on the part of the /~lOR1Gi.GEE or its successors
or ass~gns and no e,ctens:on ot thc tin:e fur th: pryn:e:~t J{ I}lE debt her~i;y <_z,c~red given by the ~l.ORiGAGEE or its suaessors or assigns, a~~all operate ~
Io re!ease, d;scharge, n:od~fy chan~e or affect ttie or.g~nai I~3ll;i~ty oi ~t~e N.:: RfGAGOR he:e~n, either in whole or in part.
10. It is spec~ficjily ; greed that tune is of 1~:-: r•sser,~e of this cor:trar. and that ~o waiver of any o~ligation hereunder or of the ob!igafion se- }
tured hcreby shali at a~y ri~-e th-~razher b~ he'.d to b~ a.vaivcr ~f tha te,ir•s h~_recf cr of the instrument setured he:by. '
1 t. !n :,cid.r,~~ t}~e Fere~e':.~ n:~~th:y nay,.r^r.n oi *,ri„c p~: =r.;f int~~rest rrqu[red by the ¢rCm:sscry no~e secured h:reb'J, cnortgagoi eovenants °
and agreet to pay to nortg~~^e v.;!h eaih mc•n+h'y parrn-:nt ar :.dd~rio^_~: su~-i c•s!:r~ated by mortg.~gee to be equal l0 1,%12 of the annual tost of the follow-
ing: _ -
A-A!i reai F;rop~rty r3xas lr:~e:: or 355^S:JU agii ~st th_ aca.e ciesc!ibed resi ~-s~~tz. -
_ 5- Fr _:,:'~::,s ca fi+z~ acd .•:~^ds!~~~,: inwrar:e as n_rcin rcqu,r~:i to 6e ca::;~ , cn tho imrr~veme~ts s:tvat~~ on th~ a~ve d~SCriUed premises.
C-Pr~~~r.i;;r:~s en suc~ ~`,o: e7ag: ~~va•a~:r~ i^s_~~.;~ ce as n~_-:yag_? sh~il fro:r. ~::re to ti~r.e deem fit to c~rry o~ fFe loan secured here6y. '
1.!~rtgagee s'~s'i '.crn ~i:r.,~ ;o t~-~:e r.orif; a•,orr,a3o. c~ r.r~t;ng'of the ~~xo~ra d;,e ar,d payab~e hereunder and such su~~ shatl thereupon be due and ~
F.ayab'e on th-~ d,e ciac.: oi th=_ nect mo~~tt::~ rayn.~~.:t a~d eact: s~.crss;.a :nenrh rh~reaiter uat~l nrrrc~agee sha11 not~fy mortgaga: of a change in such >
a~~ounr. Such surns SI`].~ L•f d);~:IC~ by ~r:.r:ga,_ ~ to::ard !ne p:~ym~ni pf re:,? crco<:ty tazes, insurance prem.ums, and n:origag> gvaranty insvrar.ce ?
pren~,~ur,s. ~ - ~ ~ i
ISd ":~TPJE~~ '.':H.R%OF, r1.= sa~d ~'l.•~RTGF.v'J< h h•~rcu:~to set his h~cd and sea! the day and ye firs~foresaid ~ - ~
ned, Sea!ed ~ ver ' the presence
. ~-~=t~ ~ ~i,J~-r-L,'_ - FI~tIi C':~ f,~L.'v'Ki!£`~ ! ~ ' ~
;i.lt~C~~ ~~.i0,. . aPP~ a g e a~~t)
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" n_s' T~~~-!r~~~--- CtE;!. :~,i:" C~yRT.`~ - -
Rc~~F: y'i: cr (Seal)
- (Seal)
STAT~ OF FLC~RIDA _ _ ~ ~ I~ ~ ~n'1+~ - -
courarr oF ~ S t. Luc ie ~ _
:
~ Bafo~e me c:rsona~il aPi`-'?red •JO}lil p, KraPP~ a sin~le 3C~lLlti~ ' a~
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-
- _ 1rirT.ife, ro me x•ell .l•nov:n and known to me to be
th~ ind:v~dual descre~•e.~ in a^:i ;;ho ~xe:vt~d th_ forego:r,g instrume~t, and acknov::edged befo:e me that he execvted ih° SdTC for ti~e pvrposes
tieer~~n express~d_ iGr~at~t.~=se~~_-:-- s~s_ F
~ ~
ef-ti?~-!ei.~ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - v~ow a-aef»:+ts +wd-psivat.r ~ t
. CXE~7R13!•bTT~~~lRE }7RT/T ?~~'i~MC dt7ll~(i}~:_T2-fic:+rher:c+d~retterr}dra_'anvl.~ledg-d-re end~-before~ne-tkat she-excentrd-se;~ inetrv~ner* ke~eiy~nd vokiw- - ~
taritr ~wrS~fv.r? ~a~ylew.~e,~:tioR -c«r?trei~b e~scJ~~wxr er-iea? s4~ ~r-f+o~-he:-ssii i~vtbawd. ' .
- 'rillhiESS my hand ar.d offir.al seal rt,;s_ ~.6 th _ d3Y of Ma q, p. ~q 7~j ~
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a , .s~.?
;
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Notary Public in d f ihe State of Fforic~a at Large (
1,5y Comm~ssion zpires: ;
P,e!~rn To:
_ First Federal Savings 8 Loan Associ3t[or. - ~7o`~r.. Pu~l+:, $'ot.• of F1,-'.~1-s at tor~• '
- ~ J•• 1S7i
Oi =o:t P:erce. 1:~; C~'.:r:ssia•. ~
fort P;e:ce. F!.^.:d~ - 8.n.:~~ f.;ae:iaca i:r_ u~ G~su~'ty G~. ~
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f
_ 3
This Instrument Prepared By G~ry R. Ellwood - .
First Federal Savings 8~ Loan Association _ -
of Fort Pierce~ FloYida - ~ - =~c' -
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" Chzckeci By _ - 0 ~ - - - ~ - ; , ; _ , ,
~ - aoox C'~ pac~19~9 - _ - ~ ~ ~
_ ,'i ~
. ~ - •.y _j
_ ~~,Y.,~ . ,~~`,~r~'i~ ~
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