HomeMy WebLinkAbout1957 3. To {:lacr and ~on~inuously keep on ~he t:ui!~lings nor~ on c~reaita; s~h,a~e cn ss:c1 ~and ~nd on a!I eq:,iFrn.~nt and p~rsone!ly covari•~i 6y this rwitg•
ege, wiih all preniiums ~he~con pa:d ~n (~;1, tire i~.wra~~c~ in the usi~al sta~xl~~d } olicy torm, in a svm oF.F,~ovcc! Ly thc h10RIGAGEf. and w~nds~orm
Imurancc in tha uswl s~anJard F.~t.r~ (or~ii, in a wr.~ appruvad i~y thc AIURTGAGfc, ~n tuch <onipany or compnnies as tha h102TG/1GEE may
diteu; and atl (ire and ~vindtrorm inturan;e polici~•s on any of sa~d t:vi~d;nus, a~x intcresl thcrain or part iharrof, in the .jgg~rga+e surn a:oresaid or
in exte~s Ihe~eof, shall ;untain Iha c.svai st~;~da~d mu~ig.~gra clausc or such oti~cr c!~uss as ~ha A1o~tgag~~e may rcyu~ra, rYa~ing tlie tcss u~~da~ s~~d pofi-
cici, each and every. payab~~ ro said ~`,t,~RTGAGEE as ~is int~~r~st n~ay ~p}jear, a,~d r.~<h ar,.l evrry :uch F:o+:c,~ is~ati Ue ~,ron,p~:y as: gncd and delivorrd +o
any held by ssid 1.10RIGAGiE as funh;r secu~i~y to said n~ortgage d~:bt, ai~J. r.ot icaa Ihan tcn (10) dals J~Vd11CC OI ihc expiralion of each pc~licy. to de• -
(iver to said A10RfGAGtE a renc~va~ tf~creof, ~ogether ~virh a reteipl tor Ih: pr~~ni,.~i o( such rene.ti~!; a-~d there sha~l h: no firo or ~v+n.is~uim ins~rance ,
~ pioced on any of said b~ildings, any inleresl thetein or par~ th~rcaf, unless in th_ fonn a~ui ~vith Iha toss pa~ab?e as afn~esaid; and in Ihc event ~ny Sum "
oF money becanes payab!e unde~ such N~li~y or pol~cies s~~d MI~RiGA(',EE shall ha;e the opt~on to rece~ve anJ appl~ ttie s~me on account o( the ind~btad•
ness SCCUf~J ~1Crc'bY Oi t~ ~~(~~lif S3i(J 1.1URTG;~~~C7S5 f0 (~C~i~c alnt~ uSd i~ OI dn'~ li.+tl i1. ~:CJ{ iC~r Gtii~ r E~vr;.p:i•S. ~•.,th~~~.~1 ~r~ i~: .ti!i.~ Ct ~~~:P;~Ir-
fng any equity, lien o: rigl~t under or by eirtue of this mcr:9age; and in Ihe event sa~d rtOr2TGAGORS sha!I for an; reason (ail to keep the said premiscs so _
insured, or fail to deliv'rr nrom~~tly any ol said ~,oGr.es of insura~~te to said 1,101~TGAGiE, cr i.~~! pron~ptl~ to pay fuily a~y pre~nium therefer o~ in a~y
respect ~ail to perform, ii~scha.ga, execute, eff~ct, co~np!er:, co:nply with and ~hicle by th:s covena:it, or any E~3r~ hareof, said MORTGf.GEE ntay place and ~
pay (or such insurance or any par~ lhereof ~vithevf ~vaiving or af(e:tiny any ophu~~, lien, equ:ty, or right under or b~/ virtue of this htortgaga, and ~he
full tmount o( cath ar,d every sucii paym_nt shal! hr in~med~ately du~ ~nd {~y~h!e and shall b~ar interest from tha date thcreol until p~:d a1 ihe rate ol .
nine pt•r cen;~m per annuin ar~d to~:t},~_r ~tiith s~ch in~~~rr+r ch.il~ t.<, sc:~re:l Ly ~na tien oi th~s me:tgage.
4. To permit, tor,iinit o~ Suffer no ~vaste, ii~:pairmenl cr dMariorat~cn of said ~.ron~ity,or any part thereof.
5. To pay all and singular the costs, ch~rc~es and exnens-s, indudinc~ a rr~sonahle at~orncyb fee and costs oi absVacts of title, inturr~d er paid al ~
any ti~nc hy s~~d A+.ORIGAGSE, beca~sa or in ~hr e.•e~~t oi the fa:fv~e on tl~e part of ihe sa~:l 1.10RTGAGOR to d~ly, ~:ro~~ptly and (uily perform, d~acharge. j
. execute, effect, ccmptrte, compty ~v~th ard ab'do by ea~h and every the s~ipulat~ons, agree~nrnts, conditions, and covenants of sa~J pronissory note and thi~ f
mortgage any or either, ar,d sa:d cusis, charges ai~d ex~rnrs, each and evcry, shall be immed;atc:Y due a~d payab!e; whether or not there be notice d~
mand, alte~npt to tollect or suit pend~ng; and the fu~l an:ounl of each and e•:ery such n~+yment shall bea~ interesl from Ihe date thereof ~nt~l paid at the i
- ratc u! nine F:er ten;um F.~~ ~nn~:ii; and :ii't s,~:d costs, cna~ges anel rx;~.~nses ir..~rrcd er pa~d, to~eiher\v~th sudc interes?, shaU be sec~red by the lien of thif f
}
mortgage. . - - _ ' s
t
6. That (a) in the event of any breach oi this fltorrgaga or default on ti~e parl of tt;r ~Y.ORIGAGOR, or (b) in ihe event any of said svms oi nioncy
herein referrrd to be not pro~nptly ar.cl tully paid ~vithin Ih~rty ~3u) da~•s nex! aftrr the same severatly hemme due and payable, without demand or notic.:, °
or (c} in the event each and eve~y tiie stipulalions, agre~mznts, ro~d~tions and covenants of sa:d promissory nole and th~s mortgage any or eithe~ are not F
. july, prcn~ptly ar,d fu!:y pcrformed, d scharged, exec~ted, affec~rd, comp,eted, cu:np5~d ~sith and abided 5y, then in either or any such event the said ag•
gregate s~m meniioned in said promissory ~tote then remaining unf~aid, with inte:a>i ~arued, ond all inon~ys secured hareby, shall Uecome due and pay- '
ab~e forlh~v+rh, or thereafter, at thc cp~~o.~ of s3id l,\ORiGAGEE, as fuily a»d cam,~!etcly .;s if all cf the s.~id sums oi money were o~igina;ly sHpuiated ~
' to he pa;d on svch day, anythiiig i~i sa d pro:n~ssory note or- in this l.tortgage io ~h•: conrrary not.v~thst3nd~ii~; and thereupon or theteafter at the oplion of '
said 1.10RTGAGEE, without notice or dernand, s~it at Id'N ot in equ+ty, thereEurc or tt~ereaiter begun, may be prosecuted as if all moneys secured hereby f
h~d inatvred prrot to its instit~tion. - -
7. That in the evenr that at the b.~ginn;ng of or at any time pendir.g an; su~t up~on d~is ~tilurtgage, or to forectose it, or to reform i~, or to enforce -
payment oi any c~~ims h~reu~cler, sa~d ;y10RTGr+~ cc sna;! app:y to the Covrt hav~~,g jc~is:i c!:on tl:~~reof for the appointment of a Receiver, such Court shall
- forth~vith a;:point a r:;e~ver of said mo~tga~ed {:roperty a1E and si::gu!ar, inc~~d~ng aI~ oe,d s~ngu~ar tl:e incon~e, proins, issues ar.d reve~~ves (rom whatever
source derived, e~ch a:d <very ef wh;ch, it t:cuig ex~::ess'y ~r.derstood, is F:rr~Ly mort:;a~cd as if s~•eGficafty sel forth and destribed in the granting and
habendum c'auses Frr,:of, and such Receiver shali hr:e a!I Ih~ b~oad and efiecr;~~ f~=n;~ r.:.s .zr~J por.ers in any•x~se entrusted by a Cou~t to a Receiver, and
svch appointnzent shalt 6e n:ade by suth Cuui~ as an adrnitted equit~ and a n:a+~tr of a~~s•~!u+e ~~g6t to said A10RTGAGEE, and withcul ref~rence to ~he
adeqwcy or inadeqvacy o! the :•a;ue oi t}~~ proprrl~ n,o~+.ga9ed or to tf~_- so.ven.y c: :o:vency of sa~d R'.ORiGAGOR or the de(enJants, end that such -
rents, profits, incom~, .,sues and reven;:es slia~i be appl~ed by su:h Receiv~r accorc3,::g rc~ the li~n or eq.~~ty of said P.~ORiGr~GEE and th~ practice o( such
Court. - - . _ -
8. To duty, prornF;t;y and fully perlo~m, d schjrge, exe:~te, effe.F, com~leTe, w::~piy vi;th and ab~de by each and every the stipulations, agreements, t
eondit:ens and eovenants in s~:d orcmissory !1"utv' 3::CI :~z's m~rigagr s<_t furtn. _
- . ~ ~
9. 7har in th~ eve~t fhc e•r~nersh?p of tf_e rr;;rtqaged pren,lses, or any part th•~r~o(, becomes vested in a person other than the h50RiGAGOR, the r
h:ORTIAGEE, its successors acd atsgns, m~y, w~~ho~:t nca~ce to ~he :'~ORTG:~OR, deai v~;th surh successo~ or successor in interest ~vith reterence to this j
n:ortgaye a:~J :he dri,~ h,:r~l~y ~ecured 'u~ fhe aan;e rt~dt~l~r as v:;;h /,.urtgagcr •.v~tho~~ in any ~vay vAiating or d~scha~ging the lAertyagors' liability here- 3
under or upon the d:•bt h~re'vi s_c~veci. P,o sni_ of ~i:~ Fr~m~s~•s t~_~~~or n:ort~eged ard no fe:t:aarance en the part of the IhORTGAGEE or its successors ' i
o: os;ig~,s ar.d r,o •,xtens,~~ ot !h~ fo- ri~e ~yn_~~~; ~f rhe cie6~ h:.etr; sewred qiv~n by the MORIGAGEE or its successors or assigns, ,hall operale '
to release, d:schary-e, ~+:edify c~,arg~ o; alject :;:e or;g:n~i ;iau~•.:ty o( tii= Y..Ci~TGAGOR here;n, either in whole or in part. i
10. It is spec~ficaliy zgreed that tima i; of ~Il•7 rSSB~ICC Of thiz cw~trau and ~hat no waiver of any o6Ggation hereunder or of the ob!igation se- ~
eured harzoy shaif at any lie,:e t~>_reaiser ~e h•_td to b~: a wai.er of tha te:mz- hereof o~ of the instrumeN secured herby, i
11. In a:i!.t;.~n to tf:_ i~rene;•q ~;.or.tir; ~;a~~n_nrs e` Evi::c~,s~ and i•i!er~>zt requ~rrd by the prom~sscry r.o!e 5=cured hereby, mortgagor covenants i
ar,d agrees to ~;ay to ,,,ortga!;.e~~ ~r.~~h erc~~ :cc~~•h`y p.r;~-er.t an a:id ror.31 surn est:.,stn;l 5y mertgagee to be eyual to 1 f 12 of tne annua) cost of ine foliow- ~
int3: . - . . . " - . . e
11-All r=al ,;,~r,e-ry +axes +e•:ied cr asses:_.i ac;:,i~~s: tfie ai»ve descri~•, d r_al esr:,te.
S-Pr~m:o~:u e^ f~rc _r:ti ~..~::dstcrn: ir.su:~• c_ i>>'~:i:z rr•_~.~;red tu ba ca~r:~:i i~r. th~• E~r~;:r5v;-nrats s~fuat~ on th+ above descr~bed pren~ises. i
C-Prr,:-iu:~•s on such rr„rt~oge g~ara::!y ;csura~.ce ::s ~i+~rt;~J~c~ sha:! frc:n ~:•r.~ to ti~ne dezm fit to carry on the loan secvred hereby. - i~
i
t.loregagee s~-'.i fro;,~ ri~r:a !o ti:•:e ~e;~:f; n~.rn:,~~~. ~ri w~:tin~ of th~ a-.~o::at due ar.d payab!~ hereundrr and such sum shall thereupon be due and i
p~yab'.c on th~ c1~ ~'c'rat•~ oi tne a~~.~; •.:~•~t}::r ;:;;n,~•nt ai;d eact: ;~ccessive n:c•~ti~ ~t:ereafter ur.fil mcrtgagee shatl notify mortgager of a ehange in such
ampu~t: Su:%7 svms sha'1 be ~u~~?icd ~~~y :~:o:tor~g~_~~ f;.;:ard the F,apme~t of rea; pro~rty tares, insurance pren::ums, a~:d morlgage guaranty~ inwrance
Rremc.;ms. . -
~ ON `.'11T;1Eti5 ~:."ii~REOf, me said ;'.On^Ti~:..vJR has h•~revnto set his hard and s~__I .he day and year first aloresaid.- - - F
S~gned, Sea!ed ar.d d~iirered in the oresence of: Y~;~~~~ ~ • ' f
y~T~iJL~' ^~.~NTY FlA. - '~oG~rw-C~ ~r--~ jSeat
r i = ~'-'t )
: i~C.C.t.t~C,G~-_. C._.G~_' ?~l~f:~ ~~~~F: ,-~~'S ~ C<~ro 1 ~nn fiar r i s
- ~~/fjl t': ~ ,.i' t:.;lf Ct~'JR7 ~ (Seaq
- - : -
~ ~ f - r , ~seat,
- _ ~ • ~./~.~f,~r' p _ , (Seal)
STATE OF FLORIDA . ~1 ~ ~7 " ~~'~Q~ ~j
' - ~ r4i13'~_7,JaJ~
I COU~~TY OF ~c t. Lu C 1 e_ - ~
Carol ;1nr :t~rr i~ a~: nc~le adu lt_
~ Befo:e rrc ocrsonaiiy aPP'a~ed ~ _ -
- 4'~i?:4i~8. 1o me well knovm and 1~r.cv:n to me !o be
tha individva's desc~~6_d in and •.:h~ exe:_t_d th: iorecoir,g instru~nent, and ackno•::;edged befo:e me that they executed the same .or ~he purposes
there:n ex;,rc3i>d. I}fad}tb~~__
;
. }4XaC~f}OIf~C91Dd - .YipQ~7()i~Et{~iirLG~iYDtKyS(X~Qt
X3~GTdJG~GbG-Kb~G7f~Cid,~fiK~i¢3f}IdCN~lX~kC~Cths"'X~X>>C9bKi6h7)Q~3i~5hi~llZ~f,7f~~i5~"t71~}3~6?GKX~'ie~YKaYb?rb'~e~~?4i39}G?fi~Yr2re?jr}~S~7~c3fiAi:C - ~
~Xc!d~J£~4:2LJS'fd~~~:~f~5r1S`4~?~e?Sit`F~~ ~7lrWi4i?t~S~=2Sr-`~A'6~4v'4~~rKr~;2~~;~SKe~ - .
.
`NITIE~S my hand ard official seal this_ day of _ - ~`a~~ , A. D. 19 7~~ ~
, i' ~%-~..GGZ~~J
Norary Publsc in and for the St of Florid at Large .
My Commission expires: ' ~
Retum To; . . ~(j ~ ~
F+rs; feJeral Savir,gs & loan Assoc~af:or. - ~C't'-'~ .i '~:r.~ -
_ _ . . - . . . ;i'i•'.-
pf ~art P:erc~. _ • t- . .'`'~t
Fort Pierce. Fl~riJa - ~ ' i-;, ~
- i
' _ `).•'ti~ -
. ~
_ ` , 0 3: V _
This Instrument Prepared By John t~'. Col l i~ . t, G~~~.,<: o;
First Federat Savings 8~ L~an Association ~ - ~ _ _ - J~ _ ~ ~ ; ;
of Fort Pierce ~ F lax' ~ da - ~ ~ •J ••'~•4c~?' ;
~ b r r ~ rs
~QUK~~~/V fAV~1~~ - n'::~r~ 3` £
Checked By - • '~~~,,,,=~t~t:c::t'~' . ~
~ - - ~
. ~
~
_ ~
3_--