HomeMy WebLinkAbout2053 3. To pia~e and continuously keep on the bui!dings now or herea(ter eituate on said Iand and on all equipmeM end peraonally tovlred by thif mortg-
age, with all premiunri thereon pa!d in full, fire ins~ra+~ce in the ~suai s!anderd po:icy form, ~in e sum app~oYed hy fhe MORiGAGEE, and windstorm
ins~rance in the us~al standard po!~c~ form, in a wm approved by the MORiGAGEE, in such compa~y or compan~es as the MORTGAGEE may
direch and aU fire and w~ndstorm insurance poik~es on any of sa~d bu~id~ngs, any intere5~ therein or pa~t thereof, in the aggrega~e aum afaresaid or
in exte~s ihereof, shal~ contain the usuat atandard mertgagee cla~se or such ofher c~auia as the Mortgagee mey requ~ro, meking the loss under said poli-
[ies, each and every, peyable to said MORTGAGEE as rts interest may appear, and each and every wch po!icy shall be p~ompNy augned and de~ivered ~o
any held by saio MORTGAGEE as funher security to said mortgage debt, and, not Iess than ten (10? days in advance of the expiretion of each policy, to de-
liver ro said MORTGAGEE a renawal thereof, togethar with a rece~pt for the prem~um of avch renewal; and there ahall be no fire or wi~~dsto*m insurance
plated on eny of said buildings, eny interest the~ein or part thereof, uniess in the form'and with the loss payable as aforeiaid; and in the event eny sum
of money becomea payable vnder such policy or pol~uas said MORTGAGEE shall havo the optlon to racz~ve and apply the seme on nccount o~ the indebted-
ness secvred hereby or to permit ~aid MORTGAGORS to receive and ~se it or any pnrt the:eof for och~ ~ purtcses, .•::~t~o_t thzrco; ~.,~a~~~~~~ cr ~n,pair•
ing eny eq~~ty, lien or riqht under or by v~rtue of this mo:tgage; and in the event sa~d MORTGAGORS shall for any reason Pa~l to keep ~he sa~d p~emises so
insured, or fail to deGvcr promptly any of said poGcies of insurance t~ sa~d MORTGAGE., or fo~! p~omptly to pay ful;y any p~e~~u~m the:efor or !n a~y
respact fail to perform, disct:argr, execure, effect, complete, comply wirh and sbide by thie cove~anr, or any part hz~eof, sa~d t~1GR?GAGEE may place a~.d
pay far such insurance or any part the~eof wi~hout walving or affecting any option, lien, equ~ty, or r~ght under or by virtue of this Mort~age, and tht
full amount of each and evary such payment shali be immediately due and payable and shatl bear interest from the date thereof until paid a~ the rate ot
nine per centum per ar.num and to~ether with such inter~st shali be secured by ihe (ien of this mortgage.
4. To permi;, commit or suffer no waste, impairment ot deterioration of said property o! any part thereof.
' S. To pay all e~d singular the.costs, tharges and expenses, ficluding a ~eascnable atiomey's fee and costs of abstracts of t~±le, inturred or paid a~
eny Time by said MORTGAG.E, beta~se or in the event of the failure on ihe part of che said MORTGAGOR to d~ly, promptly and fuliy perfor.n, d~scharge.
execute, effed, comp!ete, comply with and ab,de by each and every the stip~lat~ons, agreements, cond~fions, and covenants o( said promissory note and this
mongage any or e~ther, and sa~d cosrs, charges and eaperxes, each and every, snall be immediately d~e and payable; whe!her or r,ot there be notice da
mand, attempt te collect or wit pending; and the f~ll amount of each and every svch payment shalf bear interest from the dafe thereof until paid at thr.
r~te o! n;ne per cantum per an~~um; and all sa~d costs, charges and expenses inc~~rred or paid, together w~th such interest, shall be secured by ihe lien of ihi~
mortgage.
° 6. 1-hat ;a) ~n the evenl of any breach of thi. Mortgage or default on rh~ part of the MORTGAGOR, or (b) in the evem any of sa:d svms of money
herein referred to be not prompriy and fully pa~d wiinin rh~rty (30) days next airer the same severa!ty beco~ne due and payable, witho~~t demend o~ notice,
or (c) in the event each and every the stipu!ations, agreemenu, conditions and covenanrs of sa,d promissory note and th~s mortgage eny or ei~her are not
luly, promptly and fu!ly petformed, d,s~harged, executed, e4fecred, comp~etAd, compl~ed wirh and ab~ded 5y, then in aither ~r any avch ~vent rhe said eg~
gregate sum mentioned in said promissory note then remaining ~npaid, with interest aarued, and all moneys secured heroby, shall become due and pay-
able forthwith, or rhereafrer, at the cprion of sa~d MQRTGAGEE, as fully and completely as if all of the sa~d s~ms of money were oiig~nally st~pvlated
fo be pnid on such d:,y, anythir.g in sa d prom;ssory note or in this Mortgage to tne conrrary notwirhstanding; and thereupon or thereafter at the opt~on of
said MORIGAGEE, w~rhout notlce or demar.d, suit at law cr in equity, therefore or fhereaiter begvn, may be prosec~ted as it all moneys secured hereby
had matured pr~or to ~ts insi~wtion.
7. That in the event that at the begir.ning of or at any time pending any su~t ~pon this Mortoagz. or to foreclose it, or to reform it, or to enforce
payment of any daims he~eurdzr, said ~ti',ORTGAvEE shall app!y to th,: Court havin~ ~vr~sdlct;on thereu! for the zppo~ntment of a Rece:ver, wch Ca~rt shail
forttiwith appo~nt a receiver of said m.ortgag~d property zll and singular, indud•ng ail and sing~lar the in[ortie, profits, issu~s a~~ revenves from whatever
~ource derived, each and every of wh~ch, n be~ng expressly understood, is hereby merrgaged as if spzt~f~cally set fonh an~ desulbed in the granting and
habendum cla~ses hereof, ar.d such Receiver •.hali have all the broad and effecrive f~nct vns and powers in anywise entrusted by a Co~rt to a Receiver, and
such appointment shall be madz by s~cn Coort as an ad-*~itted equity and a ma!ter of absoiute r:ght to sa~d N,QA.TGAGEE, and wirhaut referance to the
adeq~acy or inadeqvacy of the va!ue of the property mortgaged or to the so.vency or inso',venty of said MOR?Gr~GOR or the defendaots, an~ rhar such
rents, profits, income, ~swes and revenucs sha,l be appiied by such Receiver acccrd:n9 to the lien or equiry of sald h10RTGAGEE and the pract~ce of such
Court.
S. To duiy, prompt!y and ful!y per(o.rn, dfs~ha~ge, execute, effect, comFiete, comply v:ith and ab~de by each and every the stlpu!as~ons, agreernenis,
conditions ard covenants in sa~d premisscry r.ote and th:s morc~age set fa~th.
9. Thet in thc event the owr.ershlp of the mo+tgaoed prerr,ises, or any part therecf, 6etom_s vested in a pe~son otner than the MORTGAGOR, the
MORTGAGEE, i!s successe~s ar.d assigns, may, without norice to the "hORTGAOR, deai w~th such s~ccessor or succ=_ssor in interes? vrith referente 4o Shis
morlgage and the deb~ hereby~ se<ured in tne szme rr.anner as witn Mortgago~ w~tFo~t in any way vitiating or d,scharging the l.5cr!gagors' liability here-
under or upon the debt hereby secu~ed. No sa:e of the p:emises hereby mortgaged ar,d no fo~beaiante on the part of the /l~ORTGA;,EE or its wccessors
or assigns and nc extension of the t~me ior the payment of the debt hereby sec~red given by the ~ti10RTGAGEE or its svttessors or ass:gns, al~all operate
ro release, d;scharge, modify charge or afiett the original Ga~:!,t~ of the MORTGAGOR herein, either in whcle or in part.
10. It is specificaliy zgreed that time is of rhe esserre cf this conrrsct ar,d that no waiver of any ob!;gat:on hereurder or oi the ob!igation se-
ct,red hereby shali at any time rh~reafter be he:d to be a waiver of the terms hereof or of the instrvment secured herby.
11. In add t~o? to th= foregc ng month!y paym^n~s of princ p~: and inreresr requ~red 'oy tn~ prom sscry na~ szo~rzd h~areb~, morige~or eovenan`s
and agrees to pay to mortgagee v.irh each rronrniy p~y:nent an zdd~r~onai svm es; • a!ed b; mortgage? ro be eq~ai to i, 12 of t!:e annuai cost of the fol;o.~~-
irg:
A-All ~eal prcperty faxes lened or asses~_c ay~~~:st ft~e aF.~ve desc-~bed reai es?a!e.
B-Premiums on fire and windstorrn insurarce as here~n !equ~red to b~ tarried cn . provemen's sitva!e on th~ abova d<_su~bed ~rem~ses.
C-Premiums on s~ch mertgaqe guara~ty irs~ra~.ce as n,o'!n3gee shal; frer^. f rre ro •~~~•s~ deem f:t to ca~ry on !he ioan s^c.:-ed hereby.
Mortgagee cha:l from time to t~me rc!~fy mcr!qagor ~n wr~t~eg of ihe ama~nt d,~e and payab!e hereunder and su[h sum snall there~r%n be due a~d
payab!e on tne do~ dzte of th~ ne=r n,o~thiy p>.yn~n;•~ ~nd eac`~ su:cess~ve ~~or~,'h !nereaft~r ~c!i' n,~rtgagee sha!~ r.ot;fy ~nortgagor of a chan~e in s~:h
amount. Such sums sF;!i be app!ird by morigaaee ro-.vard th e pe jmen! of real prcperty taxes. insura,~:e prem:~Ts, a~d mortgag~ guaranty insurar.ce
premiums.
IN WIT`JESS 'l.'HEB~OF, 'he said 1v10^nTG:.GOR has h=reu~to set h:s hard and seal the dey and year first atorcasaid.
~ed, Sealed and d?livered in the presence of: ~ `
~ : l i~~ - 7•~ ~ (5eal)
C i~i-~.E" ~ ~-c ec-~ --Seal
~ ( )
/ _ ~ - _(S.ap
- - - (Seal)
STATE Of FLORlDA ~
St Lucie
COUNTY OF • ~
Before me perscnally appezred ~8m ,P, S ~8 c'3 ~OTl _ end
Carrie Keaton__ _ h:5 w:`e, to me well kn~wn and.k+x;,m,to mv tq be
1he individ~als described ~n and who exec~red the foregoirg instr~~ment, and acknov;:edged bzfore m.e that they executed the same for the.purpbses
therein expressed. An~ tha said _ C 8 T'7'18 ~iE S tOTI~~ _ ~
wife ot ttie said .~._.__-s~~~~ a~~_.- vyon a qe~a~ate a6d private
examinat~on by n;e taken szparate and a~;art from her said huaband, pckn~,vledoed +o and before me lhat she execu!ed said iAStruiyent freely apd v01ur.-
tarily ar.d w~thout any compu~sion, censtrainr, apprehens:on, or fear of or frem her sa:d hus5and. ~
WITNcSS my hand an~ offic:al seal this. _ ~-_T;_. r.._.-~ d3y of___ ~___~_~e Cembe r A. D. -f9-~
~
_~~~r~~~ ~ a ~ -
Nbtary Publ;c in end for the State of Florida;a,1,.~~tga~~
M~ Cornm~ssion expi~t~ ~K~ S~t! O~ ~QQ1di it Lif(J!
Rerurn io: .
First Fede!al Savings 8 Loan Assc,:';!;cn AA~ Csn+m~ssisn Ezpires 5ept. 23, 1969
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