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HomeMy WebLinkAbout2227 z d. Te pl~e~ an.i rontirwawiy k~p on tM bvildinps now or h~naflN ?ftwt~ on said I~nd ~e+d on ~II pwprnNM ~r?d p~no~~ily cow~~d b~r lhit morty~ ps, wilh ~t1 pnmiurm th~wn pa~d in tuli, fire ina~rs+Ke in iM vswl ~t+nd+rd policy fwm, in • tum .pprowd by ti+~ MOR~GAGEE, ~nd wi~tam Inwtr+p M tfw usw) standard pol~cy fwm, in • wm apprawd by tM MORTGAGEE, i~ ~uch romp+ny a con+pa~iy ~t tht MORTGAGEE rnay d3ntlt and all firt ~nd wi~+chtorm irpurae~c~ p+aticies or+ ~ny of s~id buildinqs u~y fnMroat tfiNein w p~rt tMr~of, in tM a~pre9+ta wm aFw~aid w in uecw tMrwf, sAel1 contain tM uswl itar~clxd mortqaqe~ clause w such o?htr clwte as tM Mortq~qK may r~quir~, m~kinq the iou undw N~d polE ci~a, ~ch ~nd ~wry, p~yabl~ ro s~id MORTGAGEE a~ ~ts interc?t may app~ar, snd wch ~nd ~very ~uch polity ~hdl b~ promptly ass.yned snd deiivared ro . any h~{d by s~id MpRTGAGfE a fu~ihe~ s~curity to a~id mwtgafle d~br, and, not I~sf than fen (10) d~ys in advanc~ of the aapiratiort ot eech policy, to d~ (fvw M Nid IIRORTGAGEE • r~wal fhKwaf, togt~hK with a receipt fw tM pnmium af cuch renewal; and ti+~r~ ~hall be no f~ra or ~vi~d~torm in~urant~ pl~ud on uey of said buildings, ~ny inter~at thw~in w part theroof, un~eu in tM form ~nd with tM loss payabie as •fw~s~id; snd in the evenl any fum of mpNy becpn~s pay~bl~ under wch polity or policis~ ~id MORTGAGEE sha~l haw the option to rsteive and apply tho ume on account of the indebted- nK~ r~cw~d hK~by pr ?o pKmit said MORTGAGORS to reteiw snd use it w~ny pa~t thereof for other purposes, w~thout thereb~ waiving or impair- fnp any squity, li~n or ri~ht uv~r a by rirtw of tha mortpapt; ~:id in the ~wnt said MORTGAGORS ~hall iw any reason fail to keep the iaid Wsmises w 4~wred, or f~il 1o d~liw? prompfly any of iaid policias of insu-a~te ta said MO(tTGAGEE, or fail promptly to pay fvlty any premium therefw or in a~y nap~ct fail w perfa~, disch+rpe, ex~cut~, ~ffett, tompl~te, tomply with ~nd abid~ by this tovenant, a any part herwf, said MORTGAGEE may pl+ce and pay fw wth inw~~rsc? or ~ny pir? tl»roof withouf waivinp or aff~ctiop ~ny option, li~n, puity, or riflht u~d~r w by virtw of this Monpay~, and the full ~nwunt of tach ~nd avsry wCh payrrKnt ~hall b~ immediately dw and payabl~ ~nd shall be+r intarMt from tFN dat~ rhereof until paid at tM rate ot nin~ per c~ntum per ~nnum and toqsther with wth interest shall be setured by the li~n of thi~ mortq~ge. 4. To p~rmit, oommit or ~vff~r no w~atR, imp~irment or deterioration of said prop~rty or any part ther~of. ' S. To p~y ali snd sinqul~r tM costs, charpes and ezpenses, includiny a reason~ble attwney's fee and cosri of ebstraeta of tifle, incur.ad a paid at any tirru by said MORTGAGEE, because w in tha ever.t of the failvre on tht pah of ~he seid MORIGAGOR to duly, promptly and fully periorm, d~~chargs, ~xecut~, ~ffett, complet~, comply with and •b;de by esch and evcry the ~tipulations, ayreements, conditions, and covensnts nf said promissory note •nd thi~ mortpaye ~ny o~ ~ithar, a~d said costt, ~haryes +nd expenie:, esch ~nd overy, ~hall b~ immad~ately due and paysble; whether or not rhere be r.otica da m~nd, sit~mpt to ~o!ltct or suit pendiny; and the full amo:mt of each rnd ev~ry such payment :hall bear interest fran the date thereof untii paid at th~ nte of nine p~r esntum per ~nnum; •nd ell said costs, charges snd expenxs inrurrad w paid, fogether with xuch inter~st, shall ba tecvrod by tM iirn of rhu motfp~p~• - 6. That in the evant of ~ny brtach ef thii Mortgefle or default on tM p~rt of the MOR7GAGOR, or (b) in the event sny of said sumt of money Mnln ?sferrad to be not promptly and fully peid within thirty (30) days nex~ after the same severally become due snd payable, without demand or notice, o? (t) in the event each and every the stipulations, agreementa, cond~tions and covenanta of ss~d promissory note snd th~s ma.tqaqe sny w eitfier •re not ~uly, prompt:y •nd fully perform•ed, discharged, executed, effected, completed, complied with and sbided by, tfien in •ither w sny ~uch ~vtnt fh~ Hid ay prpah sum m~ntioned in ~aid promissory note then remaining unpaid, with interast at<rued, and a~l moneyi ascured hereby, ~hall become due and pay- abl~ forthwith, or thereafter, at the option of said MORTGAGEE, as fully snd cvmpletely as if all of the said tums of maney wete oriy:nally stipulated fo b~ paid on such day, anythirq in aaid pramisswy note or in this Mortgage to the cantrary notwirh~tandiny; and ther~upon or thrreafter et the option of uid MORTGAGEE, without notice or demand, suit at lew or in eq~ity, therefare or thereafter bequn, may b~ prosecut~d if all moneys aetursd hereby had matured pnw to its institution. ~ 7. That in tha event thet at the beginning of or at any time pending any suit upon this Mortgag~, or to foredwe 11, or to reform it, or to enforc~ payment of any claims here~nder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for tM sppo~ntnxnt of a Receiver, tuch Court shall , forthwkh ~ppoint a recaiver of ui~ mortgaged property aIl and singular, includ~ng all and singu~ar the income, profit~, itsws ~r,d revenuei from whate~er wurce derived, each and every o which, it being express~y understood, is hereby mortgaged as if tprcifically set forth and destribed in the qr~~ting •nd habendum clauus hereof, and such Rrceivor shall have all the broad and effective funct~ons and powert in anywiee entrusted by a' Court tp s Rece:ver, ~nd tuch sppointment shall be made by such Court es an admitted equity and e matter af absoture right to said MORTGAGEE, and without referenca to the ~d~quaty or inadequacy of the value of the property mortgaged or to the solvency or insolvency of taid MORTGAGOR or the defendanri, and that such r~nri, profiri, intome, istues and revenue3 shall be applied ay s~ch Receiver sccordinfl ta the lien or equity of iaid MOR7GAGEE and the practice of tutt~ Cour4. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each •nd every the stipuletions, ~greemeni~, conditioru ~nd covenants in said promissory note and this mongage set forth. 9. Th~t i~ the even4 the ownership of the mortgaged premisea, or any part thereof, betomci veeted in a perwn otber than ihs MORTGAGdR, the MORTGAGEE, in successcrt and esr~gns, may, without notice to the M~RTGAOR, deal wifh such succetsor a sutcessor in irttereq with rcfannce to thit morty~~e and rhe debt hereby ?ecured in the iame manner es w~Th Mortgagor witho~t in any way vitiating or discharg~ng the Mort~agors' li~bility herr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and na forbearance on the part of the MORTGAGEE or it~ successors or suigns •nd no extension of the time for the payment of the debT hr.eby secured given by the MORTGAGEE or it~ successon or assigns, shal) operate f4 relesfe, diacharge, marJify change or affect the original liability of the MORTGAGC~R herein, either in whole or in part. 10. It is spetifically agreed that time ia of the essence of this contract and that no weiver of any obligation hereunder or of the obliqetion se- cur~d hereby shell a! any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego;ng monthly payments of princ"pa~ and interest requ~red by the prom~ssory no!e sewred hereby, mortgagor covenant~ and sgrees to pay to mortgagee with each menthly payment an add~rional sum estimated by morrgagee to be equal to 1% 12 of the annual cost of the follow- ing: . A-All real p~ope~ty taxec levied or assessed against the above described rea~ esrate. B-Premiume on fire and windstorm insurance as herein requ~red to be cerried on the improvementt situate on the above described prcmises. C-Premiums on such mortgage guaranty insurar;ce as mortgagee ahalf from t~me to time deem fit to carry on the loan secured hereby. Mort9agee ahall from time to time notify mortgagor in writing of the amouni d~e and payable hereunder and such sum shall thereupon be due and payable on the due daie of the nezt month;y payment and each successive month thereafter urtil mortgagee shall nutify mortgagor of a change in such amovnt. Such sums shall be applied by mortgagee toward the payment of real proparty taxes, insurantz prem;ums, and mortgage gua~anty insurance premiums. i WITN€SS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. nsd, 5s ~ n elivertd in tFU presence of: al) ' _ (Sea~) {5esl) (Seal) STAiE OF PLORIDA couNn oF S t. Luc i e ~ a~fat m~ ~.~nany appeared Joseph GeorRe Miiler, a sinRle adult. ~ - ~Z~e~'e, to me well known and known to me to bs the individualy described in ar.d who execvted the fwegoing inssrument, and acknowledged before me thet ~he~ executed the iame fer the p~rposes therein ~xpras~ed. \MITNE55 my hand and officirl seal ihi: ~ 1'~~"' day of~ A. p. 19.~, ~ ~ ' Notery Public in snd for she Statl~~8~ Flotide et t~ryr . ~ My C4mmi sion t ires: , ~ ' ; Return To: , . ~ ~ : • _ Firtt Federal Savings S Loan Asscciati~' L~ A N D R E C R O E D - P~A•`~ ; ~ Of Fo:t P~er~e. • • ' Plorida ~ N K Nl1TARY PUBCIC. ST~itE oPFlD~1R4'~ ~Ge ~ J` ;~ii~i~, d~~, ~ 7 ti M Y COMM~SSIQN EXV.iR~''APR•''~4.:1~•' . ~ .1.. . ~ ~ . ' ~i(/~r..! . ',-~,I ~ ~ , , ~ 65 SEP I 3 PM 2. 31 . ~ , ; ~ ~ - _ , . • , : ~ ` ~ ~ - ~ ; ~ = ROGER P0~ i RA5, CLERK ~ : ~ ; c; ~ ST. LUCIE COUNTY, - ; ; FLOkIDA i ~ ~ , ~ ~r~~ - o ~ ~.26 ` ^ 4~5 ~ BOOK ~ . - ~'`3''r9 " - - - - - 1 _