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HomeMy WebLinkAbout0298 , To pl~n ar+d contin~o~nly ka~p ~on t1+~ buiid~ny~ now w Mreafter sNv~ts on aid la~d +nd on •II equ~prrKnt and penon~lly cov~r~d by this mwtg~ p~, with al! premiums 1Mrson paid in full, fire inaur~nte in the usual ata~ard polity fam, in • sum approvtd by the MORTGAGEE, ~nd windstam M+wrancs in t1+~ v~wl ~t~nd~rd qolity fwm, in a sum spproved by rhe MORTGAGEE, in such company or comp~ni~s a~ the MORTGAGEE may dincry and ill fin ae~d wirdswnn ~nsurance policies on er+y of ~aid bvild~nqs, ~ny inNrest iherein or part rhereuf, in tM s99req~t~ ~um afwtsaid or M~xqtt fher~of, sMll ca+tain the vswl standard mortqagae clavw or auch oth~ ciause as the Mwtyagse may ~eQu~re, makin9 the lou under said poli- ci~s, each and swry, p~yabla fo a~id MORTGAGEE +s its in?erest may appear, snd Nch and evary such policy thsll be promprly sss:gned •nd delivered eo . ~ny lkld by uid MORTGAGEE ii furthsr sscurity tn iaid mortyafle debt, and, not leu tMn ten (10) days in advsnte of the expiration of each policy, to d~- ~ivN to taid MORTGAGEE a renrw~l fMrwf, toyNMr with a rcceipt for the pnm~um of ~uth renewa~; nnd there shal! be no Ffre o~ winds~o~m insurancr p1~C~d on ~ny of said buildinqi, any inter~st thersin w part thereof, unless in the form end w~th the Ioas payable as aforesa~d; and i~ the svant sny tum ei moe+~y bacans~ payablt vnd~r wch policy or policisa ?sid MQRTGAGEE shall have tM option to receive end ~pply the ~ame on account of the indebted- rnsi Nevred h~r~by p to pMmit ~id MORTGAGORS to reteive and ufa it or any part fhereof for othr.r purposes, without thereb~ weivi~~g or cnpair• inp any +puiy, lien or ri~ht under or by virtw of this mortqage; snd in ths •vent said MORTGAGORS ~hall for any reawn fail to kaep the said prem~tes so Fnsured, oe fail to daliver promptly ~~y of wid policiet of insu.ence to said MOftTGAGEE, w fail promptly to pay fully eny pre~»ium therefor or in any r~s~tt fai! to pxform, diuhuq~, tx~cuta, ~ffect, complett, comply with and ebids by tfiis covenant, w any part heraof, said MOR7GAGEE may place and pey fw wch irqurantt or ~ny part th~reof without waivinq or •ffectinp ~ny option, li~n, puity, or right ur.der or by virtue af this Mortyape, and the full anwmnt of aach ihd ~vtry ~uch paym~nt ihall be ~mmediately due and payab0e and shall bear interes~ from eh~ dat~ thercof unfil pa~d at rhe rat~ oi ~in~ p~r centum p~r annum and togethrr with such intereat shall be secured by tM lien of thii mertQage. To prtmif, tommit or svffe~ no wasts, impairme~t w deteriorstion of ~aid property or any part theraof. 5. To pay •Il and tingulsr ths twta, d?~rqet snd expenses, includ'+ny a ressonable attorney's fee and cosh of abstratri of title, incurred or paid at ~ny tims by aid MdRTGAGEE, becauss or in th~ ~vent of the failure on the part of ths taid MORTGAGOR to duly, promptly snd fully perfwm, d~acharge. ~xetvt~, ~ffett, complete, tomply with and ebide Fsy each and every t1K stipulations, +greements, condition~, snd <ovenartts of iaid promissory note and thii mortq~qe sny or eith:r, and ssid twri, tharqes and expensas, each and every, tha11 ba immediatety due and payable; wherher or noT there ba notice de~ n?and, attempl to colleti or wif pending; and the fuil amount oF each and every such paymeM shall bee~ interest from the da+e thereof until paid af the rste of nin~ per centum per snnum; and all said costs, chargos end expenses inturnd or paid, togather with such int~rest, tMll be setuned ty the lifn of thii morts~• 6. That (a) in the event of any bresch of thii Mortflay~ or default on the part of the MORTGAGOR, or (b) in the event any of said tum~ of money hst`~ln raferr~d to be not promptly snd fully paid within thirty (30) days next aftsr the same severally betome due and payable, without demand or notice, or In the event each and every the stipulatio~s, agracments, conditions and covenants of sa~d prorniswry rwte and thia mortgaye any or either are nW ~uly, promptly ~nd fully performed, discharged, executed, effected, completed, tomplied with and abided by, then in either or any such svent the said qnyate tum mentioned in said promissory note then remaininq unpaid, with ir.terest accrued, and ail moneys secured hereby, shall become dua and pay ~bl~ forthwith, or thereaftar, ~t the option of said iV10RTGAGEE, as fully and tomp!etely a• if all ot the said sums of money were originally stipu!ated to k» paid on ~uch day, anythiny in said prom~ssory note or in this Mortgage to the contrary notwithstandiny; and therevpon or thereafter at the option nf aid MORTGAGEE, without notica or demand, suit at law or in equity, therefore or thereafter begun, may be prosecu9ed as if all moneys secured hereby hed metured prior to its institution. 7. That in the event th~+ af the beginning of or at any 4ime pending any suit upon this Mortgage, or to fweclose ir, or ta reform it, or to enforce payment of any claims he~eur.der, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment oi • Receiver, such Court shall fwfhwMh appoint e reteiver of sai~! mortgagerJ property all and singuler, ir.clud~ng aIl and sing~iar the income, profits, issues and fldOnueb from whatever wurt~ derived, each •nd every o# whici+, it being expressly understood, is hereby mortgaged as if specifically set fnrth and dexribed in the yronting and habendum cla~~ hereof, and wch Reteiver ~hall have all fhe broad and effecrive funct~ons and pawert in anywise entrusted by a Court tp a Receiver, and •uch appointment shall be msde by euch Covrt ss an admitted equity and e matter of absolute right to said MORTGAGEE, and without reference to the •dtquaty or insdeq~acy of the value of the praperty martgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rent~, profits, Entome, i~s~es and revenues shall be applied by suth Reteiver according to the lien or equity of said MORTGAGEE end the practic~ of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with end ebide by each and every the stipulations, agresment~, tonditions and covenants in said promissory note end this mortgage set forth. ' 9. That in the event the ownerahip of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iti succeuon and assigns, may, wirhout notice. to the MORTGAOR, deal with such :uccessor or wccessor in interest wirh reference ro thi~ morty~ge and the debt hereby :ecurtd in the same manner as wi~h Morrgagor without in any way vit~ating or d~acharging the Mortgagors' liability herr ~nder or upon the debt hereby secured. No sa~e of ihe Fremis?s hereby mortgayed and no forbearan~e on the part of the MORTGAGEE or its successon or essigns and no ext~nsion of the time for the payment of the debt hereby sxu.ed given by the MORTGAGEE cr its successors or assigni, sleal! operate to rdease, diuharge, modify change or affect the origlnal liabil~ry of thc MORTGAGOR herein, either in whale ar in part. 10. It is specifically egreed that time is of the essence of this contrac~ and that no waiver of any obfigation hereunder or of the nbliqation st tursd heroby shali at any time thereafter ba ~eld to be a waiver of the terms hercof or of the instrument secured herby. 11. In add:tion to the forego:~g monthly payments of princ'pal and interest required by the promissory note secured heieby, mortgagor covenant~ an~ ~greea to pay to morigagee with each monthly payrneni an addi~ional sum estimated by mortgagee to be equai to l; 12 of the annual tost of the follow- ing: A-All real property taxes levied or assess~d against the aoove described r~~al estate. B-Premi~ms on fire and windstorm insurance as herein required to be carried an ths improvementt situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall fron, t~me to time deem fi! to carry on the loan secured hereby. Mort~agee ihall from time to time notify mortgagor in writ~ng of the amount due a~d payable hereunder and wch sum shall thereupon be due and payable on the due date af the next monthly payment and each sutcessive month thereaft:r until mertgagee shall notify mortgagor of a change in such amount. Suth sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guarenty insurence premiums. • IN WITNE55 Y~HEREOF, the aeid MORTGAGOR has here~nto sct t~is hand ar.d seal the day and year first aforesaid. 5i S~a! end dellvered in thi sence f: ~e ~ Seal) _ ~ ~G~ ~ (Seel) _ (Sea I) (Seal) STATE OF FlORIDA SS. COUNTY OF ~.~~_111~e 1 Beiore me penonally appeared S,Lj..I1 NP.].S[]ri _ and F.f.~1S~~~1~Q~- his wife, to mc well known ard known fo me to be the individuate desuibed i~ and who exetuted the foregoing instrume~t, and ecknowledged before me that they executed the aame for tha purposes therein oxpreassd. And the seid E the 1 N e 1 so n wife of the wid C a 1 v i n Ne 1 s on , upon a seperate and private examination by me taken separate and apart from her sa~~ hva~and, acknowledged~ to and before me that she executed said instr~ment fteely an~ volurt- tarily and without any comp~lsion, torestreint, apprehension, o~ ear of or from her uid husband. WITNESS my hand and official seal thi~__. saC~~ day of Se~ te*_nb er r..~ A. D. 19~ ~ • ~~-X/ ~ ~ - Notary Public in and for the Stafe of florida at Larye , My Commission expires: Return Ta: NOt'ry Pub~ic, Stat~ pt Florfde at Lar e First Fcderal Savings ~ Loan Associat~on F~ p/,~ CpiT,;r ~ g L ,~,j~ ~EC ~ ss on xa~re~ !v9v. 3, ~sss Of Fort Pierce. ~N•-- ~ ORDED ~Q~~~d oy i;mericdn,,^~ur@ty Go. of N. Y. FOtt„P1NCcy;F,lOrida !~~B~QK ~ti i, ~ L~ 't. '''i, . ,r~ , - ~ r' " '65 _ _ S~P 2y PM 3 : ~ p . . :;J f, :Y - ~ . ~ _ _ ~ ~ _ ~ c~ - ~ ~~r ~ : ~ , : ROGER r~0'~~RAS,`~ . _ . , ~ ~ ST. L.UCIE COUNTYRK - ' • FLORIDA ' ~ t' ` ~ .~rt 600K ~ ~ ~ . 127 ~~g _ ~ ,u~ ~ - _~:___y _ .