HomeMy WebLinkAbout0052 And taid Mongagors, for thenisr~ves and ~he~r heirs, tagal ~epresentative~, wc<esson and as~igns, hereby joiMly end teverally covenant and agrea
to snd with Ihe fa~d h1C~RTGAGEE, i~t su:cessors and assigns:
l. To pay all and s~~gular Ihe princ~paf and imarest and the va~ious end sundry sum~ of money payable by virtue o1 ~aid promi~sory no1o, and Ihi~
mortgage, each end every, promptly on ~he days respec?ively the s~mr severally become due.
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2. To pay all and ~ing~lar the taxes, astessme~ts, levies, liabil~ties, obligaliont and entumbrsn<ei of every nature snd klnd now on ~eid deicribed
properly, or that fierea{trr may be impoted, suffered, plated, levied, or aiscssed thereon, or thet hereaher may be levicd ot a~seised ~pon th(f Motip-
age, or the i~debtedness secured hereby, each and every, when due and payable, according to law, be(ore they become delinquent, and betore any tntereH
atteches or any pcnalty is intvrred; AND IN50`AR AS ANY TFiEREOF IS OF RECORD IHE SAME SHAII BE PROh1PTtiY SATISfIED AND DISCNARGED AF
RECORD AND THE ORIGINAI OffIClAL DOCUh1ENT iSUCH AS, FOR INSTANCE, THE TAX RECEIPT OR iHE SATISFACTION PAPER OFFICIAIIY ENDORSED
OR CERTIFiE~) SHALL BE PlACEO IN ?11E HANDS OF SAID h10RTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENi, and in the event that eny Ihereof if not
paid, sa~;s(ied and d~scharqed sa d 1.10RTGAGEE may at any t~me pay the same or any part thereol` wi~houl waiving or affecting any oplion, litn, equity or
.iqht under o~ by vfnur o( this mo~~ga9e and ~ne f~ll amouro oF eacn and every iuch payment shall be immediately due and payable and shall besr interest
From the dete thereo~ ~nr~l pa;d ar ratz o( oight per centum per annum and roge~her w~th such inrerest shall be secured by Ihe iien of th:f morglaga ~
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3. To p1~ce and tor~tlnuously keep on Ihe buildir+~• now or hereaRK ~itvNe on ~sid Iand rnd on ell aquipment and perwnilly towred by thlt mortQ-
sy~, with ~II prcmiums thereon paid in full, firs imur~nte in the uiual itandatd polity form, ~ a tum approved by the MORTGAGEE, end wlndstotm
Inwnnce fn th~ u~val standerd policy form, (n e sum approved by Ihe MORTGAGEE, in •uch company or compenies as the AIORTGAGEE m~y
direttp ~nd •11 fira and wind~torm insurence policie~ on sny oi ~aid buildings, any interest therein ar part thereof, in the aggregate ~um afwtteid or
in excesi thereof, •hall contain the ~sual st~ndard mortgsgee clsuia or tuch other clause a~ the Mortpayee may require, m~kiny Ihe loss undrr faid poll-
cles, each mct every, payab!e to ~eid MORTGAGEE as iti intere~l mey eppear, and each and every such policy shall be promptly ass.g~ed end delivered to
•ny hetd by iaid MORTGAGEE ai further ~ecurity to seid mor~gege debt, and, not ~ei~ than ten (1Q) d~ye ln advance of the expirotia~ of each policy, to de-
livar to taid MORiGAGEE a renewal thereof, toge~her with a recaipt for the premium of such renewal; and 1Fiere ~hall ba no fire or windstorm inturenee
plecrd on ~ny of said building~, any intere~t therein or part thereof, ~nles~ In the form and with thc lo~s payable a~ aforeiaid; end in the event any tum
of money betome~ peyable under tuch policy or policies said h10RTGAGEE shall have Ihe option to receive and apply the same on atcounl pf the ~ndebted-
nasf tecuted hereby or to permit ~eid MORTGAGORS to receive and uie i! ar an} part thereof for other purposes, vvithout thereby waiving or impair-
tnQ any equity, lien or rigfit under or by vi~tue of this mortgage; and in thc evenl ta~d MORTGAGORS sha~l {or any reason feil to keep Ihe ~aid pramise• so
fn~ured, or fail to deliver promp~ly eny of said policies of in~urance to seid MORTGAGEE, or fail promp~ly to pay fully eny premium Iherefor w i:~ any
tesped (~il to perform, diftharge, eze[ute, effect, tomplete, tomply with and abide by thia covenant, or any part hereof, said MORTGAGEE mey ptace and
pay fa ~uth In~urance or any part thereof without waiving or affecting eny option, lien, equity, or right under or by virtue of this Mort9age, and tht
full amount of each and tvery ~vch peyme~t ihall be immediately d~e and payable end shall bear intereit from ihe date thereof un~il paid at the rete o1
nine per centum per ennum and together wilh s~ch interest shall be ~ecured by the lien of this morfgaga.
a. To parmit, commit w auffer no waste, tmpairment or deterioration of •aid property or any part thereof.
5. To pay all and ~ingular the coits, chargei and expenses, including a reasonable ettorney'~ fee and costs of abstractt of title, incurred or paid et
any time by faid MORTGAGEE, because or in the event of the failure on the pert of the ~aid MORTGAGOR to duly, promptly and futly perform, discharg0.
•xecute, effed, complete, compty with and abide by each and every the slipulation~, agretments, conditionf, and covenants ot feid promissory nota and thi~
mortgape any or eithe~, and seid costi, cherges and expen~es, each and cvery, thall be immediately due and peyab~e; whether or ~ot lhere be notice do-
mend, attempt to collect or suit pending; and the full amount of each and every tuch paymen~ ~hell bear interest from the date thereof vntil paid al the
rate of nine per centum per annum; and all sa~d costs, charqes and expenses inc~rrod or paid, together with such interest, shall be secvred by the lien of ?hii
mort9aQe.
d. Thal (a} in the avent of any breach of this h4octy-age or default en th3 part of the MORTGAGOR, cr (b) +n the event any of •aid tvm• of monay '
hereln referred to be not promptly and fully paid within thirly 't30) days next aftet the tame teverally become due and payable, without demarsd or notice, ;
or (t) In Ihe evenf eatfi end every the itipule~ions, agreementi, tonditions end covenant• of teid promissory note and thit mortgege any or either •re not
~uly, promptly and fully performed, d;acharged, ezecuted, effected, completed, complitd wilh and abided by, then in either or any such evenl the •aid a~
gre9ate tvm mentioned in iaid promisse!y note then remaining unpaid, with interesl acvued, and all meneys secured hereby, ~hall kxtome due end psy-
eh!• forthwith, or thereafter, at the option of said MORTGAGEE, es fully and completely as if all of the said sum~ of money were originally ttipulated
to be paid on such day, anylh~ng in seid pramissory note or In this Mortgage to the controry notwith:tanding; end thereupon or thereafter a1 the vption of
~eid MORTGAGEE, without notice or demand, suit at law or in eqvity, therefore or theresfter begun, may be prosec~ted as if all money~ •ecured hareby
had maturtd prior to itc imtilution
7. That in the event that at the ~eginning of or at any time pending any suit upon thii Mortgage, or to foreclose it, o? fo ?eform it, ot to enfotn
payment of eny claims hereunder, said MORTGAGEE shall apply to the Court havin9 jurisdiction thereof for the appointment of a Receiver, ~uch Court ~hall
forthwith appoint e receive~ of taid mortgaged property all and singular, includ~ng all and singular t;~e income, profits, i~sues end revenuet from whatever
wurce derivcd, each and every of which, it being expressly understood, is hereby mortgaged as if •peufical~y iet forth and described in the granting and
habsndum clausei hereof, and such Receiver thail have ell the broad and ef{ective functions and powers in anywise entruittd by a Court to a Reteiver, and
ouch appointment shall be made by such Court as an admitted equity and a matter of abaolute right to said MORTGAGEE, ~~d without reference to the
sder{vacy or inadeqvacy of the value of the property mortg~ged or to the ~otvency or insolvency of said MORTGAGOR w the defendant;, and that •vch
rent~, profite, income, issues and revenues shall be applied by :uch Receiver accord~ng to tha lien or equity of said MORTGAGEE and the practice of tuch
Courf.
- 8. To duly, promptly and fvlly perform, discharge, execute, effed, complete, :omply with and abide by each and every fhe stipuletion~, a{~reements, ~
tonditions and tavtnant~ in said promissory note and this mortgage ae? forth.
9. That in the event the ownership of the mortgaged premises, or any p~rt ihereof, becomes veited in a per:on other then the MARTGAGOR, ths
MORTGAGfE, (tf i~ccessors and ass~gns, may, without noti~e to the MORTGAOR, deal with such succeisor or wccessor in interesl with reference fo thit ;
- martqage and ttr_ debt hereby secvred in the tame manner e• wi~h Mortgagor without in any way vitiating or ~d~scharging the Mortgagori' liability he~t ~
under or upon the dtbt hereby •ecured. No sale of the premises hereby mortgaged and no forbearance on tht part of the MORTGAGEQ oi itt nueuo~s,~
or atsignt ~nd no extension of the time for the peyment of the de6f hereby secured given by the MORTGAGEE or itt ~utceaior• or as~igni;'•~sll, opeiafw,
lo rsk~a~, ditthstys, modify change or effect the original liebilify of the MORTGAGOR her~in, either in whot~ or In part. ' -
10. It ts sFecificafly agroed Ihat time it of the essence of this contrad and that no waiver of any obligation hereunder•-4r~:of;th• obltyetbn ts=.
evrtd hanby ihall at any time thereafter be held to be e waiver of tha ferms hereof or of the in~trument secured htrby.
11. In addition to the 4oregoing monfhly payments of princ pal and interest required 'by the prom;ssory note secured hertby, mortgsgor tovenanh = - ~
and sgrres ro pay to mortgagee with each monthly payment an addition~l sum estimated by mortg~gee to be equal to 1/12 of the annual co~) of ihe follow= .
~ l++fl: .
A-All roal property taxes levied or assessed against the above de:cribed real estate. _
B-Premiums on fire and windstorm insurance as herein req~ired to be tarried on the improvemcnts situate on the above de;trtbed pnini~si.••''
C-Premiums on such mortgage gvaranty insurance es mortgagee ~hall from time to time deem fit to carry on the loan tecured fiereby.
Mortgegee thall from time to time notify mortgagor in wrising of the amount due and peyable hereunder and suth sum thal! thereupon ba dve ~rtd
= pay~ble on tha due date of the next monthly payment and each ~ucce~sive month thereafter until mwtgagee shall notify mortgagor of a chan9e in ~uch
emo~nt. Such •ums •hell ba applied by mortgagee towa:d the payment of reel property taxe~, tnsurance premi~mi, snd mortga9e guaranty insvrance
; premium~. . °
< IN WITNESS WHEREOF, ihe said MORTGAGOR ha~ here~nto sef hi~ hand and ieal tha day end year first afores ' ~ ?
Sfynsd, detl and del' I ths prosence of: F ~ E D A~,~ D R E C 0 R D j
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; ; ~ ~«~:^ir~~~p~aaf+Atl~~ppaared 5
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~ F,~nA T. F~~~ hi~ wifs, to me wall known and lcnown to ms to be
~ ~~i~ '~~diridWll drittit~ad: fn •nd who sxa~ted ths foregoi tnitrvment, snd scknowledfled beforo ms that they txecuted the ssmR f;,t rna purposef ;
~ - ~dna L Fisher - ~
~ t~rAn;~~tpreisdd. ~nd the ~ei' +
~ Ra,~~ FisMe r ~pon a wpsnt~ ar.d privat~ ~
~ ax~minaHon by me teken ieparote and apart from her •s1d husband, acknowlydyed to •n.~ befors me thal the exec~ted s~id inatrument fresly ~nd volurr ~
farily ~nd without any compulYion, conitr~int, apprehension, or fear of or from her faid huabsnd. ~
~ WITNESS my hand and official seal thi¦ ~~~t'1 day of A. D. 19~ ~
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Notsry Publit In s~ fw St~ts of Fbride •t lar~e
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My Commiaion ~xpireia ~_/,~O ~
Retum To: NOId Pullic, S'ate e! fio!:~~2 at lar4e ~
y Citi:~ns F~denl Saving• ~ Lo~n Associ~tion ry ~ • !.`.~'i ~9~~ .
~Y ~O~T1..dSSb:;. Cr.. a r. Co. E
~ of St. Luci~ Covnty i=~ br ~
~ Ft. Pierce, Flwide , ~ ~ ~
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