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HomeMy WebLinkAbout2070'~ 80:K t~s.~ , 3. To peace end continvowry keep on tf+e bvi'dings new or hereafter situate on said lend end on ell awipment end pononally covered by chit mortg- age, with all premiums thereon paid in full, fire insurance in the usual atsnderd polity fc~~n, In a rum spproved by the MORTGAGEE, and windstorm inwranca In the usual standard p.^„i:y form, in a sum approved by tM IfORTCJIG-`E, in such company or comNaniet st tM MGrTTCAGEE may direr. t; and ail fire and wI dstorm lntu»ncs policies On any of said fwildirsgt, any Interest thereto or pert eMreof, In the aggreg/te sum sforetald or in excess the+tof, shall contain tF.e usual siand'rd mortgages clause or such otMr dav-e a tM Mortgagee may require, maklrsg tM loss under aai' poli- cies, each and every, payable to said MORTGAGEE as its inlsrest may appear, and tech sod every such policy shell be promptly su.gned end delivered to any hrld by raid MORTGAGEE as fvnher security to laid mortgage debt, and, not Jett tMn tan (10) dr<yrs In advance of the expiration of each policy, to do- ,liver to acid MORTGAGEE • renewal thereof, togatMr with a receipt icy the premium of tech renewal; sod tMre shall be no flro ar wi,xlstorm Inwronce placed on any of said buildings, any interoU (heroin a part thereof, unless in the form end with the loss paysble as aforesaid; and in tM avant any sum of money becomes payable under such policy or policies uld MORTGAGEE shall Mve tM option to receivo and apply the some on account of rM Indebted- ness te<ured hereby or to permit said MORTGAGOkS to receive and use it or any pert thereof for other purpoaet, without thereby waiv,ng or ,~npai•- ing any equity, clan or right under or by wive o€ this mot:g:ga; and in the event mid MORTGAGORS (hall Fd any reason fail to keep the said premise( so insured, or fail to deliver promptly any of~said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect Feil to perform, discharge, execute, effect, complete, comply with pod abide by this covenant, or any part hereof, raid MORTGAGEE may place a•~o pay far such inwranca or any put thereof without waiving or affectirsg any option, Ilan, equity, or right under or by virtue of this Mortgage, end the full amount of each and every such payment shall be immediately due -and pa/able and shell beer interest from the date thereof until paid at the raft of nine per centu:n per annum and together with wch interest sh.tl be secured by the lien of chit mortgage. ~. To perm.(, commit or suffer no vrasts, impairment or deterioration of said properly or any part thereof. 5. To pay all and singular the costs, charger and axpenset, including a reasonable attorney'( fee end costs of abstredt of title, Incurred or paid at any time by raid MORTGAGEE, because or In the event of tM failure on the part of the said MORTGAGOR to duly, promptly end fully perform, discharge. execute, effect, complete, campy with and abide by each end every the stipulations, egreementt, conditions, end covenants of said promissory note and this mortgage any or either, and ssid costs, charges and axpenset, esch sod every, thsll be immediately due and payable; whether or not there be notice do mend, attempt to coll.cr or suit pending; and the full amount of each and every such payment shell boar interest from the date thereof until paid at tie rare of nine per centvm per annum; and all said costa, charges and expenses incurred Or paid, together with such interest, shall be tecvrad by tM lien of this mortgage. ` 6. That (a) in the event of any breach of this Mxtgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days' next after the same severally become due end payable, without demand or notice, or (c) in the event each and every the stipulation(, agreements, conditions and covansnts of said promiatory note and this mortgage any or eitMr are not duly, promptly and fully performed, d,scharged~executed, effected, completed, complied with and abided by, then in either a any such event the raid eg gregate rum mentioned in said promissory note then remaining unpaid, with interest accrued, end all rrsoneyt tecvred hertby, shall become due and pay able forthwith, cr thereafter, et the option of said MORTGAGEE, as fully end completely as if all of the raid sum( of money were originally stipulated to be paid on such day, anything in raid promissory note or in this Mortgage to the contrary notwithtTknding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit et law or in equity, thZrefore or thereafter begun, may bs prosecuted as if all monayt secured hereby had matu.ed prior to its institution. 7. That in the event that et the beginning of or et any time pending any tint upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for 1F.e appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all a:.d tinguler, inctud~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as iF tpecificslly set forth and described in the g+anting end habendum clauses hereof, end such Receiver shell have all the bread and affective functions end powers in anywise entrusted by a Court to a Receiver, end such appointment shall be made by such Court as an edmitttd equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to tM solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profit:, income, issues and revenues shall be applied by tuck Receiver according to tM lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations, egreementt, conditions and covenants in raid promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part tf,ereof, become( vested In a person other than tM MORTGAGOR, the MGRTGAGEE, its successors and assigns, may, v:ithout notice to the MO,~TGAOR, deal with tuck tuccesaor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatirvd or discharging the Mortgsgors' liability hero- under or upc,n the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its succestort or assigns and no extension of the time for the payment of the debt hereby secured given by tM MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR Mrein, either in whole or in part, 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the forma hereof or of the instrument securtd herby. 11. In addition to the foregoing monthly payments of print pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to I/12 of the annual test of the follow- ing: • A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as heroin required to be carried en the improvements situate on the above desuitxd premises. C-Premiums on such mortgage guaranty insurance as mortgagee shell from time to time deem fit to carry on the loan ttcured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due end payable hereunder and such rum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premium(, end mortgage guaranty insurance premiums. IN ~JITNE55 WHEREOF, the said MORTGAGOR has hereunto sat hit hand and teal the day and year first aforesaid. igntd, Sealed and livered ~s presence of: " ~ rt. f) _ a _ ~ al) l -(Seel) (Sea I) STATE OF fIOAIDA Luck © ~' COUNTY OF ~~' ° ) Before me personally appeared ~atirj-~ L • r1CC Q~ri end eTO~jCP, ~'. IyJCCf~~ri hit wife, to ma wall known and known to me to be the individuals desvibed In and ,,oho executed tM foregoing Instrument, and acknowledged before me that they executed tM soma for the purposes therein expressed. And the sai~ JO~C 8 F, a I~CCi &iTl wife of the said navic? ~, . MC Ca1ri -' ~AR~ s separate ind' private examination by r,te taken separate and apart from Mr ssid husband, acknwwledged to end bafo:e ms that she executed ssid irgk~iiggAN4lkdfy!hd volurr eerily and without any compulsion, constraint, appreMntion, or fear of or from her sold hvsba `'~`~~~~~~~\;~~~.~Tj ~%i WITNESS my Mnd and official reel this ~ ~- '~' day of - ~~+•+~'" ~'~' 1'.1 w ^`_ Notary Pu c In and for the at_e ~# _ at' rf` , 1E~~+ My Comm,ulort expirer. '~ ,. _;' Return To• , ~ U 1, Q ~ ~ ~ First Federal Savings 6 loan Association s, t ~ - ~ -"-'}i~ ;,-; ' •,• • ~~,` r.~taTy Pub,~c, State of Flori~a'"fit ~,. '~ ;=-`, Of Fort Pierce. ~ •+++•• ~1, ,. ;- _ TILED AND r~ECORDED ~'riY Conmissian EaFires Dc#. ~ i96t5{~•~.~ iw ;. Fort Pierce, . ~~ Florida t UDOIy !~i 4,(rNVtateMrap fire 4 cavity Co, '+•. r .. t'. ~ 196? DEC 13 Phi 3: 36 _ ~~ : ~ •~ rte='-'• `~'~.~~~~.,,,~ . ROGER PQITRA5+C~ERK,::; NL ;~ r;;~.c ,,,~ `': ~~- ST. LUCIE CQUNIY, rLOR!OA.' ~ .,,,,~<.~~.,i~;r/; w:.~. _ . _ ~: . ( *~~~ _ _.