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HomeMy WebLinkAbout2141~((,. x 3. To place and continuously keep or+ tfse bvildirtpe now a (waaftar aitwta s.~ said land and on ell egvipetserst -:,d parWns{ty covered by this «wrtg- age, with all premiums thereors paW to full, fin Irsturanq In ttse vawl ataaderd policy tam, in a sum approved by tM MORTGAGEE, and w?ncistorm Inwrena In tM usual stands-d policy form, in r wm a~ravad by tM MC'RTGJ1f,"aEE, In wch eempany a avmpanlN as tM MORTGAGEE msy dirsctt snd all fire artd windstorm Inwraesce policies on any of said but11".rsga, any inMrat therein M part tfxr•af, in the aggrogate wm aforesaid 7r in exus+ iMraof. shell contain the uwal standard mortgagee clause a such eati+ar cfavta a rM Mortgapaa rrray require, nsakktg tM loan under said poiF ties, oath and every. payable ro aaid,.MORTtsAGE! N rte interest may appear, and each and awry such policy shall be MxnPtIY auigned and delivered to say Mid by told MORTGAGEE w furtMr Ntvrity to fall trnxtgage debt, ard, not lees tfsar+ tan (10) days to advarxe of 1M expiration of each policy, to de- livsr to said MORTGAGEE a rersewal tMreef, tupot}tai with • receipt for tM pramiurn of such resrtewalt aril there shall be rso fin or wirxlatorm inwrance placed on any of said bulWings, any interat thareiq or port tMraof, unlessa in ties form and with tM loss paytbla as aforeuidt and in the want any wm of money becomes paysbq under tuck pollgr a palklp said MORTCiAGFE atoll Mw tM option ro recelw and apply the same on account of the indabted- nau tetursd Mreby or ro permit raid MORTGAGORS fr rer'tefw erd use it or any part thereof for other purposes, without thereby wsiving or r:npci:• Ing any equity, lien or right under tx by virtw of this mor-gsget and In the event said MORTGAGORS shall fa any reason fail to keep the raid pramitet to insured, a tall tc deliver promptly any of laid pelletal of insurance ro said MORTGAGEE, or fail promptly to pay fully any premium thersfer or in sny respect fait ro perform, ditchuge, axecuN, affect, erorrsplate, aromply witn and abide by tfiit covenant, or any part Mrsof, laid MORTGAGEE may plats snd pay is loch insurarce or any part thereof without waiving a affecting any option, clan, equity, ex right under or by virtue of this Mortgage, and the full amount of Bach and awry ouch payment shall k.e immediately due and payable and atoll bear Interest from tM data therwf until paid at tM rats of nine par centum per annum and together with such interest than be sstured by 1M lien of this mortgage. I. To permit, commit or suffer no watts, impalrrr»nt a de/eriontion of said property or sny part thereof. S. To pay all and tingvla tM torts, charge and expenses, lndvding • reasonable attorney's fee end costs of abstracts of title, incurred or paid at any rims by said MORTGAGEE, because or In the avant of the failure ors the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, effect, templets, Comply with and abide by each and ovary tM stipulatiom, agraementt, corditions, and covanents of raid promissory note and this mortgage any or either, end said costs, charges and expenter, e~+ch and every, shall ba immediately due and payablay wMthsr or not theta bs netica de- mend, att:mpt to collect or wit pendingt and -ae full amount of each and wary tuck payrrunt shall bear Interact from iM date thereof unt?I paid at the rate of nine per centum par annum; end ell said costs, charges and expenses irKUrred ev paid, together with tuck Interest, sMll bet secured by the lien of this mortgage. b. That (aj in the event of any breech of this Mortgage or default on ttre part of the MORTGAGOR, of (b) in tM event any of laid sums of money hertln referred to bs rot promptly and fully psid within thirty (30) days next after tM same severally become due and payable, without demand or noticr, or (c) in the event each and every tM ttlpuletions, agreements, conditions and covanentt of laid promiswry note end this mortgage any or either are not July, promptly and fully performed, discharq.d, executed, affected, compieNj, complied with and abided by, than in either or any wch event the said ag gregate cum nrntioned in told promissory ,tote then remaining unpaid, with Ints:ett accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or tMreaftsr, at the option of raid MORTGAGEE, at fully and completely at if ell of Ihs :aid sums of money were originally snputued to be paid on such day, enyth;ng in said promissory note or In this Mortgage to tM contrary notwlthttendingt end thereupon or thereafter at the option of said MORTGAGEE, without rtotice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted at if all moneys secured hereoy had matured poor to its institution. 7. That in tF.o the^t tt+al at the beginning of or at any lima pending any wit upon this Mortgage, or to foreclose it, or to reform It, or to enforce payment bf any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for tM appointment of a Receiver, such Court shall Forrhwit~t appoint a receiver of said mortgaged property all and singular, including all end singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly emderstood, it hereby mortgaged as if specifically set forth and described in the granting end habendum clauses hereof, and such Receiver shai;-have all the broad and eftectivs functions and powers In anywise entrusted by a Court to a Receiver, end such appointment shall be made by tuck Court es an admitted equity and s matter of absolute right to raid MORTGAGEE, and without reference to the adequacy or inadequacy of the vslue of the property mortgaged or to the solvency or insolvency of laid MORTGAGOR or the defendants, and that such rents, profits, income, issuer and revenues shall be applied by tuck Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, executer, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory ,tote and this mortgage let forth. 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, bemmet vested in a perwn other than 1M MORTGAGOR, the A10RTGAGEE, its successors and assigns, msy, without notice to the MORTGAOR, deal with such successor or tvccestor in Interest with reference to this mortgage and the debt hereby secured its the same manner as with Nbrtgtgor without in any way vlriefing w discharging the Morfgagort' lisbility fiery under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearance on tM part of the MORTGAGEE or its successors or assigns and no extension of the time for tM payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify thange or affect the original (lability of the MORTGAGOR Mrein, either in whole or in part. 10. It it specifically agreed that time is of the ettence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the farms hereof or of tM instrument secured herby. I1. 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 6y mortgagee to be equal l0 1/12 of the annual cost of the follo.v- ing: A-Ali real property tapes lewd or assessed 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 insurance at mortgsgee shall from time to time deem fit to carry on the loan secured Mreby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder •nd such sum shall thereupon be due and payable on the due date of the next monthly payment end each successive month theretFter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward 1M payment of real property taxes, inwrance premiums, and mortgage guaranty insurance premiums. IN u~ITNESS YyHEREOF, the said MORTGAGOR has hereunto let hit hand and teal the day end veer first aforesaid. 5' n tested e d Ilvar nth r enc of: " -~ ~ Seaq 7y r (Seal) _ (Seal) -- _ -- _(Seal) STATE OF FLORIDA St Lucie ~' COUNTY OF Bsforc ms personally appeared .'iilliam ~ ~ YatOn and TT©len :~~at02'1 his wife, to ma wall known and known to me to be the individuals described in and wile execut~d the foregoing nstrument, and ackrtawladged befars me thst tMy executed the some for tM p•arposes therein exprested. And tM said `~L'~-en i•1a Pa~Oli wife of the tatd 'tl i l l i am ~.. Pat 471 upon a separate a: -' ^.ivate examination by me taken separate and apart from her Bald husband, acknowledged to and before me that ant executed sold instrument freely and votun- tarily and without any compulsion, constraint, apprehension, or f ar of or from her sold husb~ WITNESS my hsnd ertd offic:a~ seal this ~ ~ day of <.. D. 19 ~~ .. , ~'L 1~ '~ ~ ~~ Notary Public in and for tM $tate'of Fbrlda a My CommRslon explnt: , r`• Return To:. '~ptgnr (';,'-?'c, S;:.le cf flnr;ca al large .,-ti,`~+t--tanrrrr,; First Federal Savings b loan Association [ i~ 's r' v 1JV 1 • ,( r'• FILED A c~-~m;s~..r, ~~~. ,,, /~~, ,......, ~ ., . Of Fort Pierce. ~DL sc,.ts! zr ,* ,r,•.. ~.~ x Fort Pierce. Florida, I~,~ ` a ` R______ car a00K ~ ~ ~ ' ,:'~~ ~,,>~'.. ~ ~~ ~'' 4 PSI 2:54 r ~ ~ ~ : ~: Fj• w ~ ~ r ~~ ~r y~ s$~`'`~°' ROGER POITRAS,CiEQK - `,~ •. t ,,•'~~. •.~.a~ pct vt ~.. / G~:......•••` ~~ ~~~. -~ ~4y' , ..~ Si. LUCIE COUNTY, FlOR10 ,,, -cr ~, ~ti ,.~'` `- j tr; r.s w1l- ~ t ~ - .-_