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HomeMy WebLinkAbout0891-BJ~X ~~~ iA6E ~~~ ;t. Tn place end co.\tinuously ks~p an th' twildingt w w 1a-rtttta sitvaN on Laid Israel end on air egvlpmrm acrd persa~slly cover•.d by tfiis mortg• cgs, with a!i pcemlutns theroon paid in full, f{re Insurarue~t( ~Fsa 'u~i~~~rt ~~Q~ sryG f~, in a sum spprewd tsy !M MORTGAGEE, end windstorm inwrence in the usual irandud poi~cy form, in s win sp~CMv~~f_~by ris~'~IkOKTGAGcE, n such company or curnpar.ias es the MORTGAGEE may direct; end all fire end wl+sdrtorm Insvronce policies on any of• saw buildings, any Mterasf therein or Eert therwf, In 1M aggre~ata win aforeuid or In excess Ihe~eof, shall contain the wual ttendard mortgagee ctava or sslch otMr deuce as tM Mortgagee may regain, makL\g the lose under seid poli- ces, each and awry, payabls to said MORTGAGEE as its intarast may appear, and each and very such police :heel ba uromptly ass grwd and de!iwred to any held by said MORTGAGEE ®a furtMr -ecurity to said tttorigoge debt, and, nor less than Aar (103 days in edvarce of tM expiration of ea.h poGry, fo de• liver to said MORTGAGEE a renewal therwf, togethr with a receipt }or iM premium of wch rarr~s~wal; and tMre sMlt be t+o fire or winduam Insurance placed on any of tsld buildirga, eny intarert therein or part therwf, unltst in the form and wNFs (M lost C-ayab;a as afaesatd; end to tM avtrnt any win of money becemea payable ands; such policy or policies aid MORTGAGEE shah have iM option fo receive and apply the acme on account of iha indebted- ness secured hereby or ro permit said MORTGAGORS to receive and uN it or tray part therwf for other purposes, without tharcSy waiving or n„pair- ing eny equity, lion ur right under or by virtue of this tnortgagq and In tM event said MORTGAGORS shall. (!~- ,af~+y, reason Ma{t to asap tM said premises so insured, or fall to deliver pramptiy eny of acid policies of insurance fo said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail to perform, ditehsrge, execute, affect, complete, comply wtth and abide by this cotenant, w eny part Mrwf, said MORTGAGEE mry piece ar.d pay for tech Inwrence or any part iMreof without welvirsg or affect{ng any option, ifsn, equity, rsr right ursdtr o!abY Yirtw of 'this Mortgage, and the full amount of each and wary such payment shell be invnediately due and payable end shall bear inrer-at from TM data thereof until paid at the rate of nina~per certain per amain and togethm with wch Interest thatl Ge secured by tM lien ai this mortgage. i. 1o permit, co%smit a suffer no watts, lmpairmtnt or deterioration of Bald property or any part therwf. 5. To pay 'all and singu?ar tM cosh, charges end expenws, inclwdlrsg a raasonabte attomry's fee and costs of abetrec» of title, incwred or paid at eny time by raid MORTGAGEE, because or in the went of the failure on th- pert of the tsid MORTGAGOR to duly, promptly and fully perform, discharge. execute, affect, complete, comply with and abide by each and every tM stipulatiom, agreements, conditions, end covenants of seid promissory note end thu mortgage any or either, and said cw», charges arxf expenNS, each and every, shall be immediately dw end psychic; whether or not there bra notice de- mand, attempt to collect or suit pendingr and tM full amount of tech and wary suth payment shall bear interttt from tfsc data tMreof until paid t.t the rate of nine per certain der snnum; and ell said costs, charges end expenaet Incurred or paid, togttMr with ouch interact, shell ba secured by tM lis.n of this mortgage. 6. That (a) in the event of any breach of this Mwtgage or dafsuit on ifsn part of tM MOkTGAGOR, or (b) in the event any of seid sumo of money heroin referred to be not promptly end fully paid within thirty (30) days nett after tM acme sayerslly become due end payable, without demand or notice. or (c) in the event each and evxy 1M stipulations, agreements, conditions and covenants of sal f promiuory note and !his mortgage any or either are not duly, promptly and Fully performed, d sdrerged, executed, effected, completed, complied with and abided by, then fn either or eny wch event tM said ag~ gregate cum mentioned in said promissory note tMn remsininq unpaid, «ith inrerett accrued, and all moneys secured hereby, shall become due and pay ebla forthwith, or thereafter, at the option of said MORTGAGEE, es fully and completely es if a!I of the said sun.t of money were originally stiFulated to be paid on wch day, anything (n sa;d promis:-xy note or In this Mortgage to the cortrsry notwtthstandinat and thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, suit at Isw or in equlry, therefore w thereafter begun, may be prosetuted as if all moneys secured hereby had :natured error to its institution. 7. That !n the event that at tM beginning of or of arty titre pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply fo the Court having jurisdiction thereof for the appointment of a Receiver, such Court shell forthwith appoint a receiver of slid mortgaged property all end singvlsr, lncludrng all and singulaf tM income, profits, cause and revenues from whatever source derived, each and every of wlsich, it being axpreuly understood, is hereby mortgaged at if specificslly set forth end described in the granting end habendum clauses Mreof, and wch Receiver shall haw ell the broad end effective furxtions and power In anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted squiry and a matter of absolute right to said MORTGAGEE, and without reference to she adequacy or Inadequacy of the value of iM property mortgaged or to tM solvency or insc,ivoncy of Laid MORTGAGOR a the defendants, and that such rents, profirt, income, issues end revenues shall ba spelled by such Rtcalvsr according to the lien a equity of said MORTGAGEE end the practice of such Court. 8. To duly, promptly end fully perform, discharge, execute, affect, complete, comply vi!ih and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this ttv+rigags set forth. 9. That in thevent tM ownership of the mortgsged premises, or any part therwf, becortttt vested In a perwn ot(eer tfian tM MORTGAGOR, the MORTGAGEE, Its successors and essignt, msy, without notice to the MORTGAOR, deal with such sutcauor or succcasor in interest with raferencv to this mortgage and the debt hereby secured in tF.e wins manner as with tAortgsgor without In any way vkiating or discharging tM Mortgagan' 1(ability Mre- under or upon the debt hereby secured. No Sala of tM premises hereby mortgaged end no forbearsnct on the part of the MORTGAGEE or Its successors cr assigns and no extension of the time for the peyrnent of the debt hereby secured given by the MORTGAGEE cr its succssson w assigns, shall operate to release, d+scherge, modify change or affect the original liability of tM MORTGAGOR Mrein, ettfssr in whole or In pert. 10. It is specificeliy agreed that lima fa of the essence of this contract err! tMt no waiver of any obligation hereunder or of tM obligation se- cured hereby shell et any time thereafter ba held to be s waiver of the ftrrru Mrwf cr or fEw instrumtrtt secured herby. 11. In addition to the foregoing monthly payments of princ'pal and interest required by the pratiissory note secured tiereby, mortgagor covenants ar.d agrees to pay to mortgagee \vith each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or ssssssed against the above described real estate. - B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty incur+Fcs es mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall !tom time to time notify mortgagor in writing of the amount due end payable hereunder and such cum shall thereupon be due and payable on the due date of the next monthly payment and each successive mo~sth thereafter until mortgegea shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of reel property taxes, insurance premiums, and mortgage guaranty insursnce premiums. IN VATNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day end year first afwsseld: ~. Sqn Se ed and de 'vered in rho presence ofi \' • f}~ } r r i ~ avl t~t l ,t ~`. ,...it:~-k~f°:z'i ~ Sreq ;~ :,1-t^~t,•.-- ~ (.~: .<. -(Saul) (Seal) (Seal) a ~~~ STATE OF FLORIDA Lucie ~' COUNTY OF ''~ ~' ' Before tree pertonaliy appeared ~.Q,T1A~ ~ R ~ Pit:#;~ngAr and LQL'2•'S j rie F. ~ i~~~1S's his wife, to ma well known and known to me to be the indivlduais described In and who executed the foregoirsp Inurumertt, and acknowledged before me that they ~xecutad the taint for tM purposes therein expressed. And tM seid_ LCrrai.rie ~',. P~tie3k1Qgr wife of the raid _ Done ld R , P ~ tenAer upon a separate and private examination by me taksn tcoarete and apart from her raid husband, ocknowledged to and before me that the executed seid instrument freely and volvrr eerily and without arty compulsion, coraheint, epprehtnrysi~art, or fxar of or from Mr raid husband. WITNESS my hand and offitiaf teal this ? ~h day of_ St~Ttl~$.r A. D. T9-b~- Notary Pubile !n fcr tM Stater of Honda tt Lame My Commiuron exp!:est - - ~.; .. Return Tos , ; ~~ZNttit:etc; aas~ll First Federal Savings 6 Loen Assoclatian ~ \s\ st f' ~r ~'r Of Fcrt Pierce. i\O[dfy f=itb! G, Sta!C Of ~~Cr:~,3 at Larpc r tie'` ~~+~a~'"`"°'~a..ati f' tv';Y f30rrtm s, ~n Cx.~ res March) 1, 14FrE, a' ' . ,r Fort Pier_a, Flwide (~ a ~ ionded Dy htner.cdr~ Surety CV. of td Y - ~ ,~ ..'~. (~ ~r~~ k~`~, " ..`'f.`-~-d'~,~/{'~`s ,r.r Ivit:r /,1 ~ ~~~ •~iiL ttp/`~ac~ ~ +'~V f,~~~• ~i ii ,' ~ r . 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