HomeMy WebLinkAbout2341 3. To plece end continuoutly keep on the bui!d~ngs now or hercafter ~~ruate on sa~d ~snd nnd o~ •II equipmeM •nd personally tovered by thi• mortg-
~qe, with ~11 premi~mi thcreon pe~d in f~ll, fire imu+ance ~n rhe ~s~al atendard poiicy forn+, in a sum approwd by thc MORIGAGEE, •~d windsrorm
i~surance in thn us~al etandard pol~cy fo~m, in a sum approved by the MORTGAGEE, in tuch company or tompan~es as thr MORTGAGEE may
dired; and all fi~e end windstorm insuronce policies on any of said b~:iidingf, any intarast therein or part thereof, i~ the aggreqatt sum aforesaid or
In exces~ thereof, ~hall contain the usual srandard morrgagee clause or such other tlauie as the Mo~t9agee may require, makinq the lou unde~ u~d poli-
ties, each snd every, payable ro aaid MORTGAGEE as ~IS ~mcrest may appear, an~+ each and every wch poGCy shall be promptly ass gned and delivernd to
a~y hald by said MORTGAGEE as further sezurity to sa~d mor~gaga debt, a~d, not lea~ than ten (10) deys in advance of the e:piration of aath policy, to da
livar to i~id MORTGAGEE s renewal thercof, together witfi a receipt for the premium oE such renewal; and there sha!1 be no f~ro or windstorm insurance
placed on any of said byildings, any interest therein or pa~t thercof, unless in the form end w:th the loss payable as efo~esaid; end in the event any tum
of maney becomet payable undar such pnlicy or polici?s said MORTGAGEE shall have Ihe oat~on to rcteive and apply the same on ac.ou~~t of the indebted-
neu secured hereby o~ t~ prrm~t aa~d MORTGAGORS ro rece~ve and ~se it or any part thzreof for other purposes, without thr~eor wa:ving or nnpair-
iny sny equity, lien or riyhl under or by virtue of this mo:!gA(~B~ and in the event aaid MORTGAGOR$ shall for any rcason fail to keep ihe said premises so
insured, or fail to deliver pro~nptly any oF said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any pre~~~ium therefor or in any
rs~pee:t fail to perform, dixcharge, executo, ef(ect, complete, tornpiy wi~h and abide by this covenant, or any part hareof, said MOR7GAGEE may place and
pay for such in~urance or eny part thcrcof wi~hout waiving or affecting any option, lien, eGuity, or right under or by virtue of ~hia Mortgage, and the
full amount of each end every such payment shall be immediately due and payabla end shatl bear interest from tF» date thereoi until paid at the rate ol
nine per ceMUm per annu~n and together v.ith suth inierest shal; be s~cured by the lian of thi~ mortgage.
4. To permit, commit or wffer no waste, imy~airment or dcterioretion of said prvperty or any part thereof.
S. To pay all end singular the costs, charges and expenses, including a reasonabfe ettorney's fec and costi of abstracts of title, inturred or paid at
en~ time by said MORTGAGEE, brcause or in the event of the failure on the par! af the said MORTGAGdR to cluly, promptly and fully perfarm, d~scherge.
execute, effect, cornplete, compty with and eb;de by eacn and eve~y the stipulahons, agreements, conditions, and covenents nf said promissory note and this
mortgage any or either, and sa~~i costs, charges and expenses, each and every, shall be immediately clue and payable; whethe~ or not thera be r,otice do-
ma~d, attempt to collect or suif aending; and the full an.wnt of each and every such payment shall bear interest from the date thereof until paid at the
rate of nine per centum per ann~rn; and all said costs, charges and expenses inturred or paid, together w~th such ir.terett, shall be secuted by the lien of thi~
morty~ge.
6. Thst (a1 in the event of any breach of th~s Morrgage or default on the part of the MORTGAGOR, or ;b) in the event any of sa~d sums of money
herein referred t~ be not promptly and fully paid within th!rty (30i day! next aiter the same seve!a!ly become due and payaUle, without demend or notics,
or (c) in the evem each and every the stipu!alions, agreements, cond~tions and covenants of sa,d promisso~y note and th~s mortgage any or either are not
~u';. promptly end fully performed, d;scharged, ezecuted, effected, completed, complied with and abid~d yy, then in either or any svch event the said ag•
pregate sum mentioned in said promissory note then remaining ~npaid, with inrerest accrued, and atl moneys secured hereby, shall betome dve and pay
sble forthwith, or thereafter, at the op~ion of sa~d MORTGAGEE, as fuliy and comple~ely as if all of fhz sald sums of money were originally s!~p~lated
to be paid on such day, anything in sa:d promissory note or in this Morrgage to the contrary notwlrhstanding; and thereupon or thereafter at the aption of
aeid MORTGAGEE, without notice or demand, suit at iaw or in equity, therefore or thereafter beg~n, may be prutecuted as if all moneys setured hereby
had matured pr~or to its institution.
7. That in the event tnat at the beginning of or at any time pending any suit upon thls Mortgage, or to fo~etlose it, or to reform it, or to enfores
nayment of any claima hereunder, said MORTGAGEE shail appiy to tF.e Court havir.g jurisdiciion thcreo4 for the appointmem of e Receiver, such Court shall
Forthwith appoint a receiver of sai~ mortgayed prope~ty a11 and singufar, incl~d:ng ail and s~ngu~ar ihe incorne, prof~ts, issues and revenues from whatever
source derived, each and evary of wh:ch, it being express'y ~ndersrood, is hereby mortgaged as ~f spec;fically aet iorth and detcribed in the granting and
habendum tlauses hereof, and s~ch Receiver shall have all the broad and effective funct.ens and powers in anywise entrusted by a Cou~t tp ~ Receiver, end
such appoi~tment ahall be made by wch Court as an admitted equity and a matter of absolute r~gM to said MORTGAGEE, and without reference ro the
adequacy or inadequacy of the value of the property mortgaged or to the so~~Ency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, iss~es and revenues shail be appiied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. io duly, promptly and fully perform, d~scharge, execure, effecr, compfete, comply with and abide by e~ch end every the sfiipulations, agreements,
cor.ditions and covenants in sa~d pramissory note and this merrgage set forth.
9. That in the event the ownership of the mor!gaged prem~ses, or any part the~eof, becomes vested in a persan other than the MORTGAGOR, the
MOR7GAGEE, irs successors nnd ass~gns, may, withauf no~ice to ~he MORTGAOR, dea! •,viih s~ch successor or su<cessor in interest w~th referonce to this
mortgage and the debt hereby secured in the same manner as with Mor:gagor without in any way vitiaring ot d~scharging the Mortgagors' liabi~ity here-
under or upon the debt hereby sewred. No sale of the prem~ses hereby mortgage~ and no forbeerance en the part of the 1AORTGAGEE or its successoro
or assigns and no extens~on of the time for the payment o` the deb~ hereby secv~ed g~ven by the MORTGAGEE or its wcceiaors or assigns, ?hall operate
1o release, discharge, modiiy change or affect the original liau~l~!y of the MORTGAGOR herein, either in whola or in part.
10. (t is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of ihe obliqation
turcd hereby shall at any time thereafter be held to be a.va;ver of the terms hereof or of the instru-:ent secured herby.
1 i. In add.t{on to ihe foregU ~~g monthly pay:nen!s of princ paf and inrerest requ~red by rhe prom,ssory no!e secured hereby, mortgagor covenants
and agrees tn pay to mortgagee with each monrhly pay~r.ent an add~rional sum 2st~mated by mortgagee to be equal to 1/ 12 of the annua{ cost of the fallow-
ing:
A-All real praperty taxes levied or assesseu aga+•,st th~ above descri~ed real es~ate.
B-Premiur,u on fire and windstorm insurarcz as nere~n rrqu~rcd to be carr;ed on the ;mproveme~ts situate on t'r.e above described premises.
C-Premiums on sudi mortgage guaranty ir.wra~:ce as rcortgayee shai{ from t me to ti~ne deem fit to carry on the loan secured hereby.
Mortgagee shail '.rom time to time nctify mcrrgagcr in writing of tha arr.ou^~t d~c and paya~ile hereundar and such surn shall thereupon be due and
payable or~ the due date of the next month:~ payment and each successi~e monrh tnereaftzr ur.rii mcrtga~ee shall notify morrgagor of a change in wch
amcur,t. Such sums sheil be app;ied by mortgagee tov:ard the paymen! of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance
iums.
I WITNESS WHE2EOF, ihe said MORTGAGOR has hereunto set h~s hnr~ and ~eal the dsy and year first aforesald.
ned, aled d livered in the p~esence of: . ~
~ ' (5ea1)
- (Sra1)
, ~ _ (Seel)
(Seal)
STATE OF FIORIDA ~
COUNTY OP St,.~ T,~;±-j Q--- ~
Before me personally appeared _ _._`~~`n~ c ~ ~~Pn c~n and
~z 1 1~~ 8 v P, Cl P. :"i his wife, to me well knowr~ and known to ma to be
the individuals described in and who executed the foregoing instrument, and etknowtedged before me that they executed the same for the purpoaes
therein expres3ed. And the said s 1. ~ 8 •T E' Y`. c p n _
r,
wife oi the aaid 'T~''lP ° '~'n c e~ , upon e separate and private
exami~ation by me taken separate and apart` from her said husband, acknowledged to and before me ?hat she exetuted said instrument freely and volun-
t~rily end without any compu!sion, constrair~t, apprehension or fea: cf or from her said husband. ~ tt`'~ r
WiTNESS my hard and offic~al sea! thie_f ~ 3~~_- day of_ T: C VP"~i~'' ~:~~.'~n i}(, ~~,19 ,
~i . ~
l.(I _ ' : ' _
!ary Public in• and fer tha.9ti~l of'~r~.~'~* t-~ =
y tammission expires:
Return To: ~~4 .
F~.3t Federol Savings ~ Loan Association _i~+, R E C~p ~ ~ ~!y
Of Fort P~erce. ~I ~ a Q~ NOTAR1f PUBLt~; 37ATE Of FLORIDp et LAf~GE
,Fplt pierce, Flor(da L j`~`v_' MY CGMM~SSIOY ~i(PIRES APa. ~~4r 1,469
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