HomeMy WebLinkAbout1631 3. To pl~n ~nd conti~ua~ily keep o~ the buitdinga ~ow a hereaN~~ s~tu~te on said i~nd ~nd on ali equipm~M and p~nonally covered by thii mwt¢
with dl pnmium~ thaeon p~~d in full, fira inwrante in the usual srandard policy ftxm, ie a sum approv~d by tM MOR~GAGEE, ~nd windstwm
k~wr~nce In fM usu~l atartderd po~~cy fwm, in a wm approvtd by the MORTGACrEE, in such ~ompany or coMp~~ita +s the MORTGAGEE may
dirrtt; ~nd all fir~ ind wind~torm inivr~ntr poiicie~t on any of tiid buildi~qs, any intsrirst tFwrein or paA thtreof, ie+ tM aqqrey+r~ sum afw~said or
M exc~ss Ihereof, sMll contain th~ usual at~ndard morrgagee clavse or such otl+~r cl~uis ~s ttw Mwtqagee may rsqvir~, mekir,q the loss ur~ sa~d poli~
CiM, Nth and ~very, payabte ro taid MORTGAGEE a~ ~ts interat mep spp~a?, a~d each and every such policy shall be promptly ass yned and da~ivered to
~ny heid by said MORIGAGEE at further securiry ro ~a~d mort9ey~ debt, and, not Isu tMn t~n (10) day in advanca of the exp~retion of esch poticy, tu de-
liw. ro uid MORTGAGEE a nnewal tF~eof, toqethsr with a receipt fw the pr~m+urn of such renewa~; +~d ?here shali be na f~ra or windatorm i~suranc~
plat~d on ~ny of said buildings, any interest ihtrei~ or part the~eof, uniesa in tM form and with the loss peysble as efore~aid; and in the event any ium
of ntion~y b~comq piyable under such pality or polic?es said MORTGAGEE shall have tha option to receiva and apply the ume un account of the indebted•
rNU ~cur~d hereby a?o perm+t s~~d MORTGAGORS to receiva and uss it a any part thereof for othcr pwposea, wi~haut therib/ wai~ing or ~mpair-
i~p ~ny ~quity, li~n ar right unda or by virow of this mortyage; and in the ~vent ~aid MORTGAGORS shall for ~ny reawn fail to keep the said premises so
fnwRed, or fail to detivsr promptly sny of xeSd pol~cies of in:urance to said MORTGAGEE, a fa~l promptly to pay fully •ny prsmium therefor or in any
rqp~ct fri~ to perform, distharge, •xecvt~, effect, complete, comply with end ~bide by thia tovanant, w s~y pert heraof, said MORTGAGEE may Flsce and
pay for tuth inwrance or any part thereof without w~ivinq a affactinp any optian, litn, e~v~ty, o? riqht und~r or by virtw of this Mortya9e, and the
full a~nourtt of esch and ~wry such paym~nt shell be immediately diw and payabb a~d sha11 bear interesl from th~ date thereof until paid st the rate ot
nine per tentum per annum and together wirh ~~ch interest shall bc secured by th~ lien of thi~ morf9ega.
To permit, commit ot suffsr no waste, impairment or dcterioratio~ of said property or any part tFecreof.
5. To pay •II ~nd singul~r the cosh, cMrget ar.d expense:, includi~g a reasonable atromey's fee and toatt of ab~trocts of title, incurred or paid at
~ny tims by said MORTGAGEE, beca~se w in thc eve~t of the fa~lure on the part of the said MORTGAGOR ro duty, promptly and fully perForn+, discharge.
~xccute, effett, complete, compiy w:th and ab~de by each snd every the atip~lations, ~greements, conditio~~, and covonents of said promissory note end th~~
mortq~ga eny or either, •nd said costs, charges and ezpe~ses, each and every, shall be immediately due and payable; whether w not there be r.otice d~
m~nd, attempt to collett or ~uit pending; and the full amount of each and every such payment s?wll bear interest from the date thereof until paid at the
nte of nin~ per cenrum per annvm; and all naid costa, charges and expenaes incurred oc pa~d, together w~th xuch interest, shall bs tecurtd by the lien of thi~
mo~t4+~e•
6. 1'hat (a) in the event of any breach of thi~ Mortgage or default on the part of the MORTGAGOR, or (b) in the ~vent any of ~aid sum~ of money
hertin referred to be not promptly and fully paid within th~rty (30) days next after the same several;y become due and peyable, w+thout demand or notice,
or (c) in tha event eath and every the stipulatio~s, egreements, cond(trtrns and covenants of sa~d promisscry note and th~a mortgage any or either are not
~uly, promptly snd fully per?ormed, d~scharged, executed, effetted, completed, complied with and abided by, then in eithei or •ny fuch event the ~aid aq~
prayate tum mentioned in said promissory note then remain;ng unpa:YT, w~th interest accr~ed, and all moneys secured h8reby, shall become due and pey
~ble torthwifh, or thtreafter, at the option of ~aid MORiGAGEE, as fully and completely as if all af the said sumt of maney were o~iginally •~lpulated
to be p+~id on svch day, anything in sa:d prom~saary note or in this Morigage to the contrary notwithYtand~nq; and therrupon ur thereafter at the op~ion of
f~id MORTGAGEE, without notite or demand, auit at law or in equity, therefore or thereaf~er begun, may be prosecuted a~ if all moneys secured hereby
had matured p~iw to its inatitution.
7. That in the event thal at the beginni~g of or at any time pending any suit upon this Mortgege, or ta fereclose it, or to reform it, or to anforc~
payment of any claims hereunder, iaid MORTGFGEE sha;l apply to the Couri having jurisd~aion thereof fo~ the sppointment of ~ Receiver, such tourt shell
ForthwitA appoint a reteiver of sai~ mortgaged property all and sing~lar, includ~ng all and singular the income, profits, iuue~ and revenues from whatover
wurce derived, each and evrry of whlch, it being express!y unden~oo~, is hereby mortgaged as if spec~fically set forth and deueibed in thc yranting and
habendum clauses hereof, and such Receiver shall have all the broad and effettive funct~ons and powers i~ enywise entrusted by s Court to a Receiver, and
tuch appointment shall be made by such Court as an adm~rred equity and a matter of absolute r~ght to said MORTGAGEE, end without reference to the
sdequacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency oi •aid MORiGAGOR or the defe~dants, and that s~ch
tantt, profiq, intome, issves and revenues sha~l be applied by such Receiver accord~ng to the lien or equity ot wid MORTGAGEE and the prectice of such
Court.
8. Yo dvly, promptly and fully perfarm, discharge, execute, r4fect, complete, comply with and abide by each and every the stipulations, egreements,
conditrons and covenants in said promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged Fremises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MOR7GAGEE, its successors and assigns, may, withput notice to the MORTGAOR, deal with such sutcessor or wccessor in intereit with refer~nce to tfiis
mortyage and the debt hereby securcd in the same manner as with Mortgagor withovt in any way vit~ating or dixharging the PAortgagors' liability herr
under or upon the debt hereby secured. iVo sa!e of the Fremises hereby mo~tgaged and no forbearance on the part of the M02TGAGEE or iti successors
or sss+gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass;gns, siia~l operate
to release, di~charge, modify change or affect the original liabit+ty of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence cf this cont.ac+ and thal no waiver of any oblEgation hereunder or of the obligation ar
tured hereby shell at eny time thereafier be heid to be a waiver of the terms hereof or of the instrument secured herby.
11. In additioh to the forego:ng monthly paymenrs of piinc'pal and intercst required by the prom~ssery no!e secured hereby, mortyagor covenants
and agrees to pay ro mortgag?e with each monthiy payrnent an add~~ional sum estfmated by martgagee to be equal to 1/12 of the annual cast of the fo~low-
.
A-Ali real proper*y ttxes levied or ass?ssed agai•~5t thc above described real estate.
8-Premiumx an fire and ~windstorm insuranca as herein requ~:ed to be tarried on the improvemenit situate on the ebove d:stribed premises.
C-Premiums on such mortgage guaranTy ir.surance as mortgagee shall from ttme to time deem fit to tarry on the loan secured hereby.
Mortgagee shail from time to t~me norify mcrtgagor ~n writln~ of the amount d~e and payable hereunder and such wrn shall thereupon be due and
payable on the due date of the next morth!y pay:nent and each wccessive month thereafter until mortgagee sha11 notify mortgagor of a change in s~ch
amount. 5uch suma shall be app!ied 6y mortgagee toward the payment of real property taxes, ina~rance prem;~ms, and mortgagz guaranty insurance
prcmiums.
IN WlTNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
Siqned, Seeled a eliv ' the-} of: /
~ `(/Ll G~ZC.LSZ~/ (Seel)
tSesl)
~~~t ~ ~~A.c_~iS"j (Seaq
_ (Sea I)
STA?E OF FLORIDA
u.
COUNTY OP ~8~ 71~ LllG' i
Bsfore me peroonally appeared - ,_~__..s~~l C~r48r and
RB~ 1 ,~rv~r _ h~s wife, to me well krtown and known to me to be
the i:~diridual~ described in and who execvted the forsgoing instrument, end acknowledged bPfore me ihat they executed 4he same for ihe purposes
therein expresaed. And fhe said - B81~-~~rn8r -
wife of the taid J08 TA~• Cia2''CI9r _ upon a sepi~ate and privete
examination by me taken separate and apart fror*~ her said husband, ecknowledged to and before me that ahe executed said instrument freely and volun-
tarily and without any tompulsion, constraint, apprehen ion,~ear of or from her said band. / ~
WlTNESS my hand and offitial seal this day ef ~ A. D. 19~''i
~ • P n f t of Florida et lar
Notary ublic in a d or the Sta e g+
. My Commiseion expires:
Return To: .
firsf Federal Savin s 3 loan Assouation ,~?'P,;;' ' ` i• ~
9 r' ~r;,. _.,._:~~,~3ct~acE .
Of Fort Plerce. ~D ~ '~9, i'ao3 ~
fort Pierce. Florida ~R~ • ' - J - -,avr .
FII.E~, A~~D REC ~.OOK _ ~ ~ _
`i , r l'C~~ .
~ o~~~~ 3 35 - . ti, . ,
. . - . 965 2~~f ~M%.,. , .
~•J' 3. 'f 1~ •<,r
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~ ~ .~LC1E COVN~Y.
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ano~ 5 4~~
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