HomeMy WebLinkAbout1961 J. To plate and c.ntin;,~ot:t!y 1.%tp on il:a bui'd~ngs no.v or herea(ter situ.~te en sn~.l land and on all equiNment and person~ll~ cover~d by Ihis mortg•
ape, with all premi~~mf ~herrun ~,s:d in fut~, (~rc insvrance ~n ihe usual stan:l.+~.l { ~iicr '~bim, in ! s~m appruved !~y It~e ~.10k1~:.GiE, nnd windstorrn .
insurance in tha usual s~an:l~~d pol.iy iorrn, in a_um a~'~~roved L; ~ha ~.tJRiG:'1Gt E, in s~ch co~npany or con:~~an:es as 1b~ Aip2TGAGEE m~y -
dire<1; and ali iiro and windsto~~n iniurar.ca poGc~ei on any oi s~~<) bui!d~n~s, any intcir~' ihcre~n or pa~t tf~ereof, in the a~9r~gate w~~~ aforesa~d or . i
in excrss thereo(, shall ;oMain tt~~ ususl s~.~~id~rd ~tiC.ijj3~IP2 uause or such othar c~.+~~i^ as ~he 1.lortyagee n~ay ~rqu~re, mal~ng iha la~s undrr sa~d poti- -
cies, eath and uvety. pay~b!c to said MORTGAGtE as ~ts ini~rest may appear, ani e~ch ;~d e.~r~ 3'vck sf.~ll G~ ~:ron.{~t;y assgr.rd and delivrrzd ~o _
a~y held by snid 1.10RTGAGEE as (v:thc~ sewrity to ~aid morl~ag'r dcbt, and, net !ess than te~ (l0i dsys i~ advence oi ~ha expiration ol each policy, to da• ?
liver lo said A10RTG.>G;E a re~iesfal thereof, tugelhat ~vith a~~tripl fo: the prv~ni~m ol e~<h rene~•.:~; and ~hrre shall be no f~rt~ or ~rinds~o~m insurante f
placed on any oF ~a~d bvildings, any intcre3t therein or parl thereof, un!riti in ih_ ferm and w~~h thr Icss ~:.:rabte as atorosald; and ~n ~he event any sum ~
of money becomes payable u~ider wct~ policy or policict sa~J h10kIGAGEE shall have the opt~on to receiv~ and app!y the same on accounl of the indebted• " ~
f1et3 secured hereby or to pennit siid l~ii)R7vtiG: ~S !o receioa jnd use ~t or ~ny ii~rt th~:~~ot fr,r ctiirr uvrF•osrs, viiliio~t fh:r, i~; tiv-~i~.i:~~ er m:pair• ;
ing any equity, I:en o~ ri9ht unJer or by virtue oi this mor:yags; and in Ihe ev~nt sa d t~~:.~RtvA:~ORS sha!1 fer .~n~ reason fail lo kecp the sa~d pr;;mises so ~ t
iniured, or fail to delrver pro~nptly any of sa~d {wGues ol insurance to saicl 1.10RTC.AGEE, or (a~l prompfly to pay fully any pre~ni~m there(or or in any • ~
resped fait to per(o~m, J:s<harge, exe<We, et(ect, comp;ete, comp!y wiih and abide 6y th[s co~•ena:o, ur any p.ir~ hareo(, sa~d MtiRTGAGEE may place and }
pay for su:h insurance or any p~rt the~ecf witho~l waiving or affecling any option, lien, equity, or ti~h~ ~~ndar or b~r virfue of tius hlortgage, and tfie ~
tull amo~nt e( eoch and every such payn:ent shatl be im,nediate?y d~~e a~~d payable and shall.6ear interest irom tha date th~reof ~N~1 paid at Ihe rate ~I
nine per centum per anni7~n and togcth~r ~tiith s~cii ~~it~res~ sh~1; i~a.t3,ured 6y th~ lien of th~s mortgag•~.
4. To'peimit, convnit or suf(~r (iJ WjSI.~, impairn:~~nt cr C~c't~fiJfCtiUn O{ s~~d property or any part thereot. - ;
5. To pay all and singutar the costs, charc~es and experies, induding a reasonab!c a1lorney's Fee and costs of abslraUS of titte, incurred or paid at x'
any time by said h1QRIGAGfE, L•ec::usC or in ~'t~e rvc~~: t:c-' fai!ura on the n3~~ of ihe said ~10RiG~GOR In duly, promptly and fully perlonr~, discharge, ~
execute, effett, cemplete, co~~ply w~ih and ab~tfe t;y each anJ evCry the stipu!at~ons, ayreemCnis, tonciiiiuas, anq covenanti of said promissory note and Ihis }
mortc~age any or e~~her, and sa:d coais, charc~ei a~~d cxEenses, each and every: sha11 be in;med~alety due and paya5le; whe~her or r.ot there be net~ce d~ ;
' mand, a~ternpt to coltect or suit pend+ng; a~,d the tutl ~mount oi each and every svch payn~e~t shall bea~ i~it~rest from the date thereof ~~ti! pa:d at the i
_ rale o; nine per c~ntum per an~~um; a~~e! ~il sa:d costs, eharges and ex;:~nsrs incurteJ or p~id, tee~e~her ~,v.~h such intereit, sha~l be secured Ly !he lien of this }
mortgage. - ~
6. Tha1 (a) in the event of any l:.ca:~, of this ~14ortg3ge o~ defautt on t}~~ part oi the M~RTGAGUR, or (b1 in the event any of sa'd sums of money ~
herein referrzd to be nat pror„ptly ar.<1 fu1ly y~a:d v:~thin Ih~rty {30) c+jys next ahcr ~he same sevcra:ly become due and papablz, without dernand or ~otice, ~
or (c) in thz evefit each and avery Ihe siipv:aiions, ~~reements, c~^d~tlons and coY~~a:irs o4 sa:d promisw~y nurr and th~s mortgnge.any•or either are not '
_ i~ty, promptly and iu!ly pt•(IOfillc'i~, CI•'_C~~3fC):::.J, 2KCCu2~d, eifecte:f, cnmp!eted, tompl ed ~.ith ard ab~dzd 5y, then in e~ther or any sucF evenl the said ag• ~
yregate sum mentioned in said pmm+ssory note then remainiiic~ unpa~d, with inte~cst ac:r~rd, ano ai! moneys secured hereby, shall betome ~ue and pay ~
abte fonh~vith, or thereafter, at ~he epr~on oi s.~,d P.tORTG4GEE, as fuliy ar.ri compie~e:y as ii a~l oi the sa]d su~ns of money were originally' st~pulated
to he pa:d on such day, anythinq in s3 J.prc~nissory not~ ec in tiui i:.~rigag_ tv th: to~~+~~~; nor.vi~hstand;nuc and ~hereupon o~ the~ea(ter at the oplion of -
said RtORTGAGEf, ~aitho~~t n~~t~~e or demand, suit at low o: in equity, theretore or theri~aftc~ begvn, may be prosecuted as if all moneys setu~ed hereby f
- had rnj~ured pr~or to its inslitution. {
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7. Tha1 in the ev~an~ th~t at ~h~ hey~nn:nq cf or at any Ilme pending any sv:i u~en !l+is ldorlgage, or to foredose it, or to reform it, or fo enfprce i
paym~ant of any c?aims F~ereunc!_r, said .'~10RTvr+~~c~ sha'I apply to :^e Court h3.irg jur~sd.ct;~n theteof for the appo~n:meN of a Receiver, such f.ourt shall j
forth~virh ~,~po;~v a.rcr;ver oi said merr~~~~~(1 ~ro~..rrt~ a;l ar,d s~r.~~!ar, ir.clv:3•ng ..i' .z~~d s~ngular tt~.e ir.come, proF~ts, issves ar.d revenues irom whatever ' ~
_ sovrce der~ved, eath ard every of wh'c'i, it 6eir.c •_xF:r_~55`y c~d_rstead, is h.c~r~~b; mer±g~g,:d as if speniicaSly set forth and described in tl,e granting and
hacendum c?auzes hereof, and such Recriver shali ltiava all th~• b.oad and eiiec~~ve fur.:r ons anJ pov:ers in anywise entrusted by a Court to a Receiver, and `
si:ch aptointment zh~ll be made by such Co~rt as ar: ad;nittcd eq~.:ity a~~d a matter o! absoiu!e r+ght to sa;d 6SORTGAGEE, and without referente to the ~
adeauycy or inadequacy of the value of th= p:operty n:ortgaged or to i}:e so:ve~~rf er ~~,sut.•ency of sa~d t110RiGAGOR er the defendants, and that such ~
renrs, profiu, income, issues and reve~ues shafl be appiitd by such Fecciver ~:c•~~J.na to the lien or equity o{ scid IAOfTGAGEE and the practice of suth
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8. To duly, prcmpt?y and fully perfurm, d~scharge, exct~te, ef(ect, corr.~:lete, co::~ply v~~~th ar.d ab+de by each and every th~ stipulations, agreements, ~
- eonditions and es+enants in sa~d promisso;y nnte and th:s rnor!gaya set forth. ~
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~ 9. Tl~at i~ the eve^t the o~~.r.ersh~~ pf the ~nc,rt~aoed premises, or any p~rt thereof, b~comes veste3 in a person other than fhe h10RTGAGOR, tho ?
• !S!ORTGAGf:, i!s si~ccessors and os:i~ns, m~y, witf~ovt r.otice to the t:.04iG:~OR, deai with such successor or suttessor in interest with refetence to this j
i.,...:.- •L` I,.aL.~l~~
mortgage ar~d ch~ debt he:eby secured in i'r:~ sam, n:ar.n~r as ~vith 1.",c~t,~gor .vithaut in any way rit;;.ti::g cr ~:c.....y...g . .-::yayo::' ~ y here- s
under or uc~ort the d~bt F.crel~ s_c•;r~d. f.o saia of the Fre~r.ises h.r~by moitgaocd z~:d no {orbearancc on the part of ti:~ IJIORTGAGEE or its suttessors v
or as;ig~s ar,d co eater.szon .,t ine ti~~.~ r:;; ri,~ p?y;,:{r•t of tne dabt her~by s~c~:ed gi~cn by 1h~ lAOR1GAGEE or :ts successors or assigns, atiall operate f
to re~case, d.scl~a:ge, modiiy ti+ang•~ o~ eifecr i!~e crigin_•i :i~i~:l:t~r of tne N,G~TGAGOk hera~n, either in ~vhole cr in parl. _ ~
. - 10. 1~ ~s spec:fi~:,liy agreed that t~:n_ ~s o( tf,~ esse:~ce of t?~;s cororad and thaf no ~vaiver of any obtiga:~on hereunder or of ~he obligation se- ~
cur~d hrreby sh~!i aT any time th~r~after L-e he!d to b~ a~:aiver of thc ?erms h>reoi or ot the instru:nenl setureo herby. 3
- 11. ~n a;id.t;o-+ to ~t~~ io:eao:~g rror~tn'y p~„~:_n;s of prSncaal ar.d int_•z~s~ re~uued by the prom;sscry ~eote secvred herety, mortga~or eovenants - ~
- and agr~zs tc pay to c:octg~nec .:;~h eatl~ r:.i.n;n', ~.a,; ._~rt o~ aJc1:r;.na+. si,•n ;~cd by m:rtgagee to b: eq~al to l;~ 12 of the annval cost of ihe fo1(ow-
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. A-A~I r•_al ;,roper`~ tar._s :ev~_~ c: asscsi_ct _>git:s! :he aE:o-:e dzs-r~~cc1 r_s! esta!e. • - ~
6-Fr.~n'u-:s oa i;r,i :~n3 .:~nds!or. i:ns~~;: ce ~s i:_--=;n r,?:~:rc:i to be car::_~ci en tli~> ;m~.rcvem:~ts s~tuate on tha above described premises. ~
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C-Premiums on 5!liFl f!:~Jtiy^3O@ (~U3!3•^.1~ ir.svraece as mortl>_gee shall fro.~: t~rr;e to tiene deem fit to cany on 1he loan secured hereby. ,
Irtortaagee s~~a': f-,r.n e~ t~ r,m:e r.c~:i,' n:o~t~3~~• ~n v;r.t;rg of the a~-.o.~~t d::.= anJ pjyabte hereunder and s:,ch su~~ shall thereupon be due and z
payab!e on th;: ct~e ci~te ci rext n~o:tt~,iy ;;syrn~nr and eac}~- s~~ttessive moa!h thereafter uc~il morig3gee shalt nolify mortgagor of a cFarge in such ~
amo~nt. S::ch sv+ns sh~'.I ~e aF~,1;ed i:y n,o:;g: ;•;c ~o ti~rd ii+e pa~ment of rea: prceerty taxes, insurance prem:~ms, and mortgage guaranty insurarce +
premiur::s. • _ -
I:`d \'11TP.E75 'lJH:R~O~, tiie sa:d h'~RIGr.GOn has here~~to ses his har,d an~ seai the day and year first afocessid. ~ ~
Signed, Sea!ed and dat:.a :k- l,~raen~e o1e ' ~
- - F~L"~'n~~~ ~%'~::K?Y~LA. ~~2-~-~~-i /J, ~1.. Gdv3syc (Seal) i
~j__ S~~t~"''-~'`~`- M rm"ck formerl Marian ~ i
- R: ~,,~t~~5 ~ Marian G. ~q
~ ' , C il 1 i l• c}'J R7 Br
~G~~ F r' ~ ~ _ ~ Y~ ' . - i ` i* r------ ~ • ~ - - . ~~~~Seal) ~
~ ~ ~ (Seaq ~
, ~ 57 1 F~i l,tiaii a. Gl~Ck ' ~s
I STATE OF FLORIDA - M~~ ~ ~ ~ • _ . - .
COUtJTY OF St. Lucie ~ - . ~
- 3Q~ ~9~
Be~ore rr:e pe+son~liy a~Pn=fed _ __~Arthur ~ r1~CQ~~]~_Ck j
and
~ ~1 rian G McCormick fopmer_ Maria~~ R:`,.~,~nQLilal'1 _ ~sell knovrn and know.~ to rre to te
-L------ ~ - • h« w~rP
tha ind~viduatS descriF•=d in erd ~;no exec~ted th~ fcr~aoi:g instr~ment, and acknow:e~ged before rne that they executed the same for !he purposes
therein expressed. A~,d th~ s,:~ Marian G~ MeCormick9 formerly Marian G~ Brugg~man
r,ife of fh? said - • - ~ `s,
- Arthar E McCormiek upon a separate and private ,
exam~nat~on 6y me taRen separrte and apart from her said h~sband, ackno•xled3ed to and before me that she execufed said instrument freely and vot~n• _ ;
- tarity ar.d vi~thout any compu!sion, toastrair.t, apprehension, ot faar of or fr~m her said husband. - -
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~'/ITNESS my hand ard oif~t~a! seal ih~s__ ~ = day of ~Y - A. D. 19 75 ;
, _ i. ~ , ~
_ ~ otary Public in and for the e of Ftorida at Large ~ ~
~ ~ ' My C~mmisaion expires:
Re'vmTo: - /O-3d~76 }
F:rst FeGeral Savi~gs E~ L03R Associztion ~ _ ~
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Of :crt P:e:c~-. , - •
' fort P~erce. fJcrid3 _ , ,~:.~~i~~~+~:,; . . -
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- This_ Instrument Prepared By Robert A. Swisher Jr. _ , . ~ ; ; ~
First Federal Savings 8~ tban Association . . ~ . , ~ ~ - ~
Fort Pierce ~ Flarid2~ 33450 _ _ , ~'ti~ ' ~
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_ . Checked B ~ ~ ~ ~ ~ ` ~
_ Y ~~~x~~ ~~~~i~~
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