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HomeMy WebLinkAbout0747 3. To pl+a and contimwv~ly keep on the b~fldings now or h~raeft~r ~itwt~ on ~aid I~~?d snd on al! equipm~nt ~nd p~rson~lly covN+d bY t~~'^a~4' p~, with ~II pr~ml~ms fMr~on paid in full, firo insurar+ce in tFu u~u~l sundard policy fprrn, in ~ ium app~owd by the MORTGAGEE, ~rid ~vi~to?m NKVru~c~ in tM usw! nwtida.d poGcy fam, in a ~um approvsd by tM MORTGAL"sEE, in ~uch comp~hy or canpaniK as Mw MOftTGAGfE may ~htry snd •11 fir~ ~nd wi~torm i~sur~nte policie~ on +ny of s~id bvildleq~, ~~y intr?~st tMrsin or p~rt tMnuf, i~ iM apQrsyaf~ wm ~fOr~Nid M In ~xs~ss tMnof, shall ca+t~in tM wual stand~rd mortgagee claua or such otM~ ci~vss ~s tM» Mo?tqagea may nquin, makiny the lou ~nda ssid poli- ciN, sacA ~nd ~vNy, payab~e ro ~aid MORTGAGEE +a iH intere?t msy app~ar, ~nd each and Mvery ~~ch palicy ~hall b~ promptiy a~s:9n~d ~r+d de~~w~~d ro ,~ny iMW by t+id MORTi'sAGEE as further s~curity to ~ald mortp~ d~bt, ~nd, not I~ th~n t~n (10) d~yi in advance of tM •xpiratio~ ot aach polity, to d~- liwr w sald 1MORTGAGEE • r~n~w~l tMr~of, 1o~ther wirh • receipt fw the pnmium of ~uch renewalr and th~~~ shall bt no fir~ or windstorm insur~nt~ p1aC~d on sr~y of said buildinqs, any fntar~st fher~~~ or p+rt fhereof, unless in tha form and with the loaf pay+bl~ as sfores~id; and in !M event any sum . , ef mw~y b~comM payabl~ und~r such policy or politiss ~aid MORTGAGEE ~hall haw the option to receive and apply the seme on a<wum of the indabtod- na~ t~tutid Fwr~by o? lo p~+r~+~t s~id MORTGAGORS to receive and use it w any part +hereof fw othcr purposes: witho~t thereb~ waiving or ~mpair- Mp ~ny pui1+~, li~n p riyht w~d~rr or by virtvt of thii morty~aqet ~~d in 1fie ~vent uid MORTGAGORS shall far any re~wn fail to keap the xaid premises so Inwnd, or fail fo d~liwr promptty ~ny of ~aid policies of insura~te ta said MORTGAGfE, a fail promotly to pay fully any premium therefor or i~ any nap~c! fsil fo pNfwm, diuMrp~~ IlIKU1f, ~ffect, complate, tomp~y with and abida by this cove~ant, a any part her~of, said MORTGAGEE mey pl~ce and p~Y fp ~uch irqurarK~ or any pa?t ther~of withwf w~ivinp or aff~tting any option, li~n. ~quity, or ripM unde~ w by virtw of this Mort9aye. ~nd tht full amount of s+th arw! twry i~th paymunt shall ba immedi~tely du+ a~t! piyabl~ ind ahell b~~r infersst from tF» date tMreof until peid at the rat~ ot nin~ p~r centum per ~n~um uid together with such interest ?hall be tecured by fhe li~n of thii mortq~ye. 4. To p~rmit, commit w s~ffar no wasfe, impairment or deterioratian of uid prop~?ty ar any p+rt thersof. 5. Ta pay al{ snd flnqular ihe tosri, chrrgai and expenses, i~cludiny a ressonabla attomey't fee and costs of abatracra of title, incurred or paid at - ~ny tlme by wid MORTGAGEE, because w in the event of tha failure on the part of the seid MORTGAGOR to duly, promptly and fully per#orm, discharge, ~xecvt~, ~ffect, complst~, tomply with and •b~de by ~ach ~nd every the st~pulations, agreetnents, conditiom, ~nd covsnants of said promissory note and thi~ muty~q~ •ny or either, and .a~d cosn, charges and expenses, each and every, sMll be immediare~y due and pay+ble; whether or not there be r,otice dr mand, ittempt tn cnllcct or suit ptnding; and the full amount of each and a~ery such peyment shall bear interest from the dete thereof ~ntil psid et the t~t~ of nin~ per tentum per annum; and all said costs, tharge~ and expensei inturrsd or paid, togethet with such inters~t, lhall be secured by tha lirn of thi~ 6. That in the evenf of any braach of thi~ Mortgag~ or default on the pari of the MORTGAGOR, or (b) i~ the event •ny of said sum~ of maney her~ln refrrred to be no! promptly and fully paid within thirty (30) deys next after the same severally bacome due and payable, without demand or norice, o? (c) fn the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and thl~ mortflsye any w either ere noi ivly, promptly ~nd fully parformed, dischsrged, executed, effected, complcted, complied with end sbided by, then in either or any such ~vent the ieid ~g pregat~ sum mtntioned in said promissary note then remaining unpaid, with interest accrued, and al! moneys secured hareby, shall betome due and pay- abl• forthwith, or thereehsr, at tha option of said MORTGAGEE, as fully and complete~y ae if all of the said sums of money were or~ginally ~tipulated to bt paid on tuch day, anythi~ in said promissory note or in thia Mortgage to the contrsry notvrcithsundiny; and thereupon or thereafter at the option of said MORTGAGEE, without notice or dema~d, suit at law or in aquity, therefare or tfirreafter begun, may b~ prwecuted ~o if +II moneys iecured heraby hed m~tur~d ptiw to its institution. 7. That in tha event tfist at the beginning af ar at eny time pending any ~vit upon this Mongaqe, or to faeciose it, or to reform it, or to enforce payment of any claims h~reurder, aid MORTGAGEE shall apply to the Court having jurisd~ction thereof for ths +ppointment of • Receiver, svch Co~r1 shall fartfiwitfi appoinl s raceiver af sai¢ mortyaged property ell and sing~lar, inciud~ng a!1 and aingular ihs income, profit~, issues and revenues from whatever wurte derived, each and every o~ which, it be~ng expressly understood, is hereby mortgaged as if specifically ut forth and described in the yranting and habendum tlruics hereof, ~nd such Receiver shall hava ali the braad and effective funct~ons and powert in anywise entrusted by a Court tq a Reteiver, end wch sppointment shalt be made by such Court aa an +dmit!ed equ;ty a~d a metter of absolute right to said MORTGAGEE, •nd without ?eference to th~ adequscy or inadequscy of ihe value of the praperty morigaged or ta the solvency or insotventy nf said MORTGAGOR ar the defendanis, and that such rents, profits, income, iswes and rovenues ~hall be applied by •uch Receiver according to the lien or equity of taid MOR7GAGEE and tha proctite of such Gourt. 8. To duty, pramptly and fully perform, discharge, execute; effect, complete, comply with and abide by sach end every the stipulations, ~agreements, conditions ~~d covenants in said promissory note and thi• mortgage set fw1h. 9. That in the event the ownership of the mortgaged premises, or any part shereof, becomes vested in a person other than tfie MORTGAGOR, the MORTGAGEE, it~ succeuor~ and asaigns, may, without notice to the MORTGAOR, deal with such succeuw a wcceasor in inte~est with reference to this mortyaqe •nd the debt hereby secured in the aame manner as with Mortgagor without in eny way vitieting or di~herging the Mortgaqors' liability here- under or upon ihe debt hereby secured. No sa~e of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or it~ •utcessora or e~signs and no extension of the time for the peyment of the debt hereby secured given by the MORTGAGEE or its iuccessors or assigni, siiatl operate to releau, diacharfle, modify cfiange or affett the orig+nal liab~lity of the MORTGAGOR herein, eithrr in whole or in part. 10. It is tpetifically egreed that time is of the eesence of this contract and that no waiver of any obliqetion hereunder or of the obliqetion sa- Nred hereby shall at eny time thereafter be held to be a waiver of the terms hereof w of the instrument secwed he~by. 11. tn add~tion to the foregoinr~ rr~onthly payments of princ'pal and interest required t+y the promissory nore iecured hereby, mortgagor covenantt and aqrees to pay to mortgagee with each monthly payrr,ent an addirional sum est+mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real proper;y taxes tevied or assessed against thc above described real estate. B-Premiums on fire and windstorm insurar,ce as herein requ~red to be carried en the improvement~ s~tuate on the above described premises. C-Premiums on wch mortgage guaranty inaurance as mortgagee shall from t~me to time deem fit, to carry on the ~oan setured hereby. Mortgagee ahall from time to time notify morrgagor in wriring of the arrount due and payable herrunder and such sum shall thereupon be due and payeble on the due date of the next month!y payment anti each successive mon4h thereaftcr until mortgagee sha;l norify mortgagor of a change in such amount. Such sums ahafl be applied by mortgagee towa•d the payment of real property taxes, inturance prem;ums, a~+d mortg~ge guaranty insurance premi~m~. IN WITNESS EREOF, the said MORTGAGOR has here~nio set his har.d and seal tfie day and year first aforesaid. $iyned, 5e~le and d~ d f sence of: /~j/ ~ ~ ' 1HQ/Y~-?Cf ,~a t5eal) _ L (S~al) {Seal) (Seal) ATE OF FLORI4A - ~ Saint Lucie couNnr oF 9efore me penonally appeared Marie Jeek°OYl a sin~le BdUlt etrd _ hir~wifr, to me well known and known to me to be ihe individuels deuribed in end who eRecuted tha forogo~ng instrument, and acknowledged before me that they executed the aame for the purposes fherein exprs~~ed. M+eF fhs ~e+Pd o?ife`tfi tl~ lald ape~r s~epere4e~w~~xirate -e~+n~leratl~errby'rn~fekerrs~p~lrel! artd~pb~T'frCr11'?idT 35Ttf'h4ffid?~fi'EtIt+ID~itStl~~~3dht! ~SeToTe'rtTe'~FaTiR~ ~cvtett'sei~ fisfrvrt~rtt~rtefy'en~ ~vfurn -Mwiy-awi+viM~v?+~Kerrrpeiision,tetr~treint-sppreF~Ertsiepz -fasrof~rf?oRritlr~al~hGl~aHd. WITNESS my hand and official sesl this- - ~ day of t ber A. D. 19 ~ + Notary Public in and for the Statt of fbrida at Larye My Commiasion expires: Ret~r~ Ta: Fint Federal Savingt ~ loan Associetiort ~Q Of Fprt Pierce. ~Cr 1Q . _ fort Pie;ce, Florida - ~ n-,, y ' i ~ ' ~ ~i~~ ~ _ n , , 1:53 , : : so' _ ~iSi i~. L _ ~..~,•~'~C: •F'.•~' ~Y,1 : yr ~~y" f/.%`~ , 31%~~f-.~~~J ~~~•''r'~~~' '.y ' ` - a ) ` °s~ q'" ~ Y ' ~T i^. ~ - ~ - _ - , ~ ` ~,~K _ . ~ ~L ~ ~ o Y ' I r`.: ~ 7 ~ ~ ^ ~ . ' - ~ . . 7`:,~:~. ~,~~t~,~0~~~~`t. ~~,~.P~~!_l~ . ' e• . ` ~0 5~~~,.~~ ~ ~a . ~ ~ ~ ~ ~ . . • ~ - , : ~ • ~t„ = ' ' ' ~~rf~,.'}~~ i'.:-. 0 R~~~ ~i#Q y j, . BDOK . „ ~~'.~9 _ ~