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HomeMy WebLinkAbout1560BCRK !) ~.19 9. To Pla<a and contirs~rowly kaap on tM buldirsga now a htaraafht sitwh tars sad larsd and on all pulprwarst irsd 1»rtwndb ca+rarad by thh twortg• age, with all pamlums tMraon paid h full, flea hasrrana h tits stswl standa-d polky form. h a aster approval by tlsa MORTGAGEE. sect wMsdsrorrn fnswanca in tM vawl srarsde-d policy fonts, h a wen approval by ttsa MORTGAGEE. h such company a cat+Pa^~ as the MORTGAGEE may dlract: and all fir• and windstorm Insurance polklM on any of wd buidirsgs, any hhrast tisatrein a part thereat, h tlsa agprapah ssrm~ aforasad a in axce» tMraof, atoll contain the sssual atandaad mortgagM dausa a wets other daswe w tM Mwtgegaa may raquka, nssls4+p tlsa loss vrxMr sad po1F ties, each and ovary, peyabta ro said MORTGAGEE as its hterwt°tssay appear, and Mils and awry ssrcls pelky shall be prosttpHy sasiprsed and dalhrarad ro any Mld by said MORTGAGEE as further security 1o said mortgage debt, and, not lass than tan (10) days h advance of tM aspiration of aaeh polky, ro dr liver to said MORTGAGEE • renewal tMraof, together with a repipt for tlsa pramiwn of suds ranawal/ and than atoll be no fin a windstorm inwranoa placed on any of said buildings, •,y interest therein a part tlsaraof, unless to the form and with tM loss payable as afonsad/ and to tM avant any wm of moray becomes payable under such pocky or polr_ias said MORTGAGEE atoll Mw tM option ro npiw and apply tlsa lama on acoaxst of tM Indabtad- ness secured Mrcby or to permit raid MORTGAGORS +.~ racaiva sect seas It or any part thereof fro other purpoaas, withwt thereby waiving or impalr- irsg any equity, lien or right under or by virtw of this mot:;,fat and h the avant sad MORTGAGORS atoll fa any Hawn fail ro kaap tM said premises so insured, a fail to deliver promptly any of uid policies of t. ;uranca ro ud MORTGAGEE, a fill promptly ro pay fully any premium therefor w in any rnpc.-t fail to parfwm, discharge, execute, affect, complata, comply with tsrld abide by this covenant, a any paA haraof, wid MORTGAGEE may place and pay For such lnsvrarxe or any parr thareoi without waiving a effecting any option, lien, agvity, or right under or by virtsie of this Mortgage, and tM full amount of each and wary such payment atoll be Immedlataly dw and payable and shall bew M1tMMt from tM doh tharao/ until pad at tM rata of nine vet Cei.Tvm rr an..^.u°.. and !~-+,aihar v:ifih stkh i.~.iG:Git i:HII ba iaN/ad by fM Iiin of :h: ~ M.u~. 1. Ta parmM, commit a suffer no wsste, Impairment a latarloration af.ud property a any part tMreof. 5. To pay all and singular tM costa, charges and axptersses, including a reescrtabla attorney's face and oo.ri of absnacn of title, Irtcwrad or Paid at a .-a...,,a :r. c'rc:!„ -„~tr :-+! fatty petit: m; dhtl,.,e~a, any ttrtse by Nid )ii+viiTGi+vi:E, srecwie ui is iinrveni ir3 ii.e feii+rre a,r. iiw yiri vi iiw iiiG `r: + T.s.-:.~v.. w r• j.r~-r•~. - ie:~ti, EffC~t, cxnp!els, crwply vritit and eb+sfe by eat end > •#+s stlpt_aations, agraernenM, co,sdttio.», :nd coveMnM of said promissory rota and fhb mortgage any or either, and said otnts, dsargas and expanses, each and avaryr slsall ba Insmedlahly dw and payable: whNhar a not chars ba rsotld da• nand, •ttsmpt to collect or wit pending; and tM full irTunt of each and every such payment atoll bear hte-ast from tM data thereof until pad at tM ~ete of nine per centum per annum; and all said costs, charges and •xpMUS incurred a pad, togathe- with suds htarast,,s)sall ba Neural by tM INn of thN mortgage. 6, That (e) in tM event of any breach of'This Mortgage or dafwlt on tM part of tM MORTGAGOR, a (b) in tM want any of sad surru of money heroin referred to be not promptly and fully paid within thirty C.lO) days next shat tM same wwrally beeoma dw and payable, wlthoW demand w Hocks, or (c) in rho event each and every tM stipulations, agreements, conditions and covananh of said promissory note and this nsortgaga any a aithar an not iuly, promptly and fully performed, dixharged, executed, effedad, completed, complied with and abided by, then h either a any ouch awns tM said age grcyate sum mentioned in said promissory note then remaining vnpad, with interest accrued, and all moneys sacwad hereby, atoll btrcorne due •rd Pay' able forthwith, or thereafter, at the op+ion of said MORTGAGEE, as fully •rd completely es if •II of tM ud sums of narMy wars originally stipulated to be {,old on such day, anything in said promissay note or in this Mortgage to tM contrary notwlthsUndirsg; end tlserwpon a thrreafter at tM option of said MORTGAGEE, without notice cr demand, suit at law or in aqulty, therefore or thereafter begun, may be prosecuted as if all moneys secured Mreby had natured prior to its institution. 7. 71,at in the event that rt the beginning of cr at any Lima pending any suit upon this Mortgage, Or to foreclose it, Or to reform it, or to en}orce payment of any claims hereunder, said MORTGAGEE shall apply ro the Court Mvirtg jurisdiction thereof for tM appointment of a Receiver, such Court shall forthwith appoint a receiver of said mwtgayed property all and singular, including all and singular tM income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly undNatood, is hereby mortgaged as if specifically set forth and described in tM granting end habendum clauses hereon, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and • matte) Of absolute right to said MORTGAGEE, and without reference to tM adequacy or inadequacy of the waive of the property mortgaged or to tM sohrency or inwlvency of said MORTGAGOR w tM defendants, and that such rents, profits, income, issues and• revenues shall M applied by such Receiver according to tM lien or equity of said MORTGAGEE and tM practice of such Court. 8. To duly, promlrt'y and fully perform, discharge, exacuta, affect, comp ate, comply with and abide by each and every tM stipulations, agreements, conditions and covenants m said promissory note and this mortgage pt froth. 9. That in the event the ownership of the mortgaged pramlus, or any part thereof, becomes vested in • person other than 1M MORTGAGOR,' tM MORTGAGEE, its successor and assigns, may, without notice to tM MORTGAOR; deal with such successor or successor in interest with reference to this mortgage and the debt hureby secured in the same manner as with Mortgagor without in any way vitiating or diseMrgirq tM Mortgagori liability Mrr under or upon rho Jett hereby secured. No sale of the premiNS hereby mortgaged and no forbeuance on tM part Of the MORTGAGEE w its wccessors or ass;gns and no cxtensr_n e{ the time for the payment of the debt Mreby secured given by tM MORTGAGEE or its successorsor assigns, shall operate to release, discharge, modify change or affect tM original liability of tM MORTGAGOR Fterein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract end that no waiver of any obligation hereunder or of tM obligation sr „,r.~d hereby sha'I at env time thereaher be hdd`to be a waiver of the terms hereof or of tM imtrsrrnant secured Mrby. IIJ Y.IT^IESS ~YHEREC4, the said MORTGAGOR has hereunto set his hand end see) tM day a _ r. ~yned-~,/Cj~eai~e/c~1~i(y[e~r.u/ i/iij ., .,...,o j,:.._ :_ _.. -~ ~ .~.a~.a.r _ -~i~ STATE OF FEORIDA . 1 T sS- COUNTY OF __ __.- Sta Lucie _ r_ l Before me personally eppeartd HOOK LU eg and Ella I'!ay Lueg his wife, to me well known and known to me to ba the individuals described in and who executed tM foiegoing Instrument, and acknowledged bafort nsa that tMy •zeMed tM same for the purposes therein expressed. And the laid _ Ella May Lue ~ -- . wife of the said ___ r'(OOIT Lue¢ -upon • sepsrate and pnvare examination by me taken upstate and apart from her said husband, acknowledged to and before rise that sM ezecutsd said instrument freely and volun• rarity end without any compulsion, constraint, apprehension, or fe~r of or from Mr said husband. WITNESS my hand end official seal this__-~1_LfsL-! day of Febr'~aYy A. D. 19 61 ~ ~ -- - ~. T ""-' Note/j Public 1 and-f Lisa ii»» pi ;~~ -i. ~°ss'< My ~ommissl0n expires: ~ _ - n ~ w Return To: ~~ A~(, ~~! -Of First Federal Savings 6 loan Association . - y~, `' Of Fort Pierce. Mr ~OIIIR~sflOfk+~llP~s~'j 1121. 4, %~ - - Fwt Pierce, Florida Q Z1'1 C~ '} ~~ ~ ~4.f~ + ~~'` -- FILED AND RE Oh.DED , ' ;-,' • ~~1~_•,( 1, r , ~~~ ~'(~._~ POITRAS. Cl~^., -- `y ~ ' '~ ' ~ .. ~I. LUCIE COUNTY, FLORIDA" . .~ ~~ . . ,~ , ;~. ~r rye .E' • ' , ., ,. ., ;, - . ~. i d Ih~ ~ .. _ _.,J~K