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HomeMy WebLinkAbout0018 To pl~ and coatin~sFy kMp on 1M buildinps now a htreaftK utuat~ on iaid bnd ~~d on all puiprn~~f and p~nonalty corrKrd by thii mat~ p~, with ~II pr~miwrA tMrson paid i~ fuN, fin i~surante Fn tM ufwl st~ndard polity foren, ~n • w~n spptowd by tM MORiGAGEE. ~nd winditw~n Yawaec~ In tM uswl i~andud policy f«~+n, Ie~ ~ sum approvad by ~M MORTGAGEE; to ivch canpu~y a comp~ni~s ~s th~ MORTGI?GEE nNy dkxtt +nd all tir~ ~nd w~ndfrorm inwr+ec~ policies on ~ny of said bvildinps, aey inNrht thasin w part the.~ot, In th~ ~reyaa sum ~(a~said w N acau thenof. shall conuin tM uswl staoda~d matyagM claus~ a such a1+K cl~ua~ u tM Matyap~e may ~pu'a~. m~kirg ~M Iwt und~r said po14 tip, ~sth and twry, p+yabl~ to taid 1NORTGAGEE as its int~te~t may app~ar, and each and ~very tuch policy ahafi be promptty ~ss:yntd and dtlivMtd /o ~nr Mld by s~id MORiG/IGEE ~s furtha ~ecwity to said mat~~p~ debt. and, na i~u thin teo p0) days in adwnc~ of th~ ~xp'u~~ioe ol each policy. to da i liwr to ~aid MORTGAGEE a r~w~l thsreof, to~rhK with a rcteipt fw the prtmiwn ot such renewals u~d thtr~ sMll b~ no fu~ w winditorm i~surant~ pl~csd on any ot said buiWin~s. ~ny intertst fM~tin or p~rt ti+~~wf, unteu i~ tlr foMi and with tM loas piyabb ss •fwesud; and in tM ~wnt any sum of nwMy becomp p+y+b1~ w?da wd~ policy or policies said MORTGAGEE shall haw th~ optan to rocsiw uid ~pply ths tame on accw~t oY tM indebtad~ t~s secvr~d I~~by w w p~+mit s~id MORTGAGORS to teaiv~ u?d us~ it or sny part ~hereof fw ori,cr purposes, wi~hout thr.ebi wai~i~~g a~mpair- kg anr puiry, li~n or ripht vnder or by virtw of this morspag~; ar?d in ~M ~vent ~a~d MORtGAGORS shsll fw any r~ason f~il ro keep tM s+id p~tmises so inivred, p f~il w d~liva prompHy any of uid potKies of iniu.snc~ ro ad MORTGAGEE, w fail prompNy to pay fully any p.~rnium therefor a in u?y rs~pec~ hil w p~rfan~, discMry~. ~xacvt~, ~ff~d, compkt~, compfy with and abid~ by this cownan~, w ~ny pan I+Keof, said MORTGAGEE may pl~ce +nd paY fa wci~ irowar~u w ~ny put tMreof without wahinp a~ff~ctinp any option, li~n, equity. w ri9ht unde~ or by virtw of thii Mortp~. and fM full ~mouM of ~ach N+d ~very wch paymem sh+ll b~ imrnediat~ly dw uid payabl~ and sAill bsu int~.est from rh~ dats thereof unul paid a~ th~ rat~ ol niM pK centum ps~ arawm and together with sucl? inte~eit ihsll b~ secvred by th~ li~n of this mort9~ps. 1. To pumi4 aorw~at or suffa oo wasN, impairment or d~teriaatan of said propMy or ~ny p~rl thaeof. S. to p~y all ~rd sinpular th~.cosh, ch~rpas s~d ~xpenset, includirg s roa~ble a~~w~ey's fcs snd cosb of abstracts of titl~. incvrced a paid at any Yrne by said MORTGAGEE, b~causs or in the even~ of ths failuro on tM p~n of tM satd MORTGAGOR to dvly, promprly ~nd fully perfam, d~uharyR ~xecute, ~ffed, comptet~ comply with and abid~ by esch ~nd every the itipul~tions, ~yrtements„ cw~ditions, and coven~nn of s~~d promissory ~a• and ~hu matpape ~ny or rither. and sa~d c~ts, cMrpes and e:pe~es, s+ch and every. thsU be immediatety dve and psyable: whethe~ or not there be norici ds~ m~nd, attempt to co1?acr w wir p~nding; and rhe full amo„n~ of eacl+ i,?d rvery such paymem shall Ee+• iMerest from the datt thereof umit paid af rhe rate of i?ine per tentum per annurn; a~d a~l said cdsb, charges ~nd expsntes incvrred or paid. topether with tuch inter~st, shall b~ s~cwed by th~ lien of ihi~ narty+p~. 6. Yh~t in tM event of uiy breach of this Mortqap~ or delwlt on the pan of the MORTGAGOit, or (b) in th~ eve.?t ~ny of ~s~d sw?u of rtan~y harein r~ferr~d ro be not promptly and fvlly p~id within thirty (30) days next ~fter the same sevaally becane dve ~nd payabk, withouf demu~d or notice, w W in the ~wr~t exh ~nd ~very the stipulations, ~greements, cond~tions and coven~nn oi sa~d promissory r?ote and this mortQaqe any p eitlwr u~ no1 ~uly~ promptlY and ful1Y perfwmed, d~schuped, executed, eificted. completed, compl~ed w~th snd ~b~ded by. then in either or any s~ch evs~t tM said aQ ' p~e~M swn mentioned in said promitsory note thcn remaini~g uopaid, with imerest acvued, aod all moneys secured hereby. shaU becaee dw and pay~ abl~ fathwith, w ~iiereafte~, a~ the oprion of said MORTGAGFE. u fully s+d completely as if all of the iaid sums of money were aiginally stipulated ro be pa~d on such d~y, anytFiu~g in sa;d promissory note or in this Matgage to the ca?trary ~otwithstanding; ind thereupon a thereafter at the op~an of ~aid MORTGAGEE, without notice o~ demand. suit at law or in pvity, therefore or thereafter begvn, may be prosecuted ~s if s!) moneys secvrad heceby had m~tured prior to iri institWion. 7. That in ths evem that st the beginning of or at sny time pending aoy suit upon this Mwtgs~e, w to fweclose it, w to refwm it, or to enforce paymcm of sny d~ims Ae.eunder, said MORTGAGEE shsll ~pply to the Coun havi~g jur~sdictiat thercof for /he ~P(~nfrt1l~If Of ~ RKtivN, svch Court sMll fo?tiiwith appoint a receiver of said mortgaged propeny all ~r.d singuta?, i~+cltid~ng atl and singula~ the income, pro(its, iswes and revenves from whatever souru derived. eath ~n~i every of wli~th. it beinp expreuly understood. is i+treby mortgaged as if spetificatly set forth and dewibed in the granrinp snd h+bendwn dauses hereof, and such Receiver shall Aave a!t fhe b~oad and effective fundwns and powers in snywise entrusted by • Cou.t to s Receive?, and such ~ppointmcnt shall be made by wch Covn aa an ~dmitted eq~ity and a malter of sbsol~te right to said MORTGAGEE, u+d without reference to the ~deqvacy o~ inadequacy of the valve of fhe pioperty mwtg~ged or to the t~wency w;nsolvency of s~id MORTGAGOR or the defendants, and that such ra~ts, p~of;ts, income, iasves and revenves shall be ipplied by tuth Reteiver atcwd~n9 to the lien w pvity of s~id MORTGAGEE and the practice of such Covrt. . • ~ 8. To d~ly, promptly aod fully pe?form, discharge, execute, effect, eomptete, tompty with ~nd abide by each and every ihe stipvlations, agreemenh, conditara and coven+nrs in sa,d promissory note and thia mortgage set fwth. 9. That in the event the ownenhip of the mortgayed premises, w any part thcreof, becomes vested in a penon otFiEr tlian Ihe MORTGAGOR, the MORTGAGEE, i» successon and auigns, may, wirhouf notice to the MORTGAOR, deal with such successor or successo? tn• intve~b with refercnce to this mortgaye and the deb~ hcreby secu~ed in the same maruKr as with Mortgsgw without in any way vit~~Yu+g a discha~ying tfidi MOrtqsgors' li~bility hera unde~ w ~pon the debt hereby secvred. No ssle of ~he Frem~ses hereby mortgaged and no fwbeuance on the part of ths MORTGAGEE w its successon or ~uigns and no extension of the time fw the payment of the tlcbt hereby secured given by the MORTGAGEE w its sutcessws a ~ss;pns, shall oparate Io rclease, dixMrge, modify ch~nge or affect tl+e aiginal IiabiGry of the MORTGAGOR hcrein, either in whole or in p~rt. 10. It h specifically agreed that time is of the esxnce of this contract and that no wairer of any obligaYwn hereu~der or of the obl'~y~tion se- a:red hereby shall at any time thereafter be held ro be a wsiver of the terms hereof a of the instrumenf setured herby. I1. (n addition to the for o: monrhl ~ eg ng y payments of princ'pAI arrl inre~est ?equired by the prom;uory note setured hereby, mortgsgor cpvenants ! and sgrees to pay to mortgagee with each monthly payment an add~rional sum est~m~ied by mortgagee to be eq~al to 1/12 of the annual cost of the follow- # ~n9: - ~ A-All real property tsxes kvied w suessed against the above desc?ibed real estate. B-P~emfums on fire and windstorm inswance as herein requ~red to be carried on the improvemeari situate on tl~e ~bove desvibed p?emises. C-Premiums on such mortgsge gvaranty insurar~ce as mortgsgee shall from t~me ro time deem fit to ca~ry on the ban secured hcreby. Mo?tgagee shall from time to time notify mwfgagor in writ~ng of the amount due and psyable herevnder and aucF~ sum shafl thereupon be d~re snd payabte on the d~e date of rhe ne:t monthly payment and eacF~ successive month thercafter urtil mortgagee shsll notlfy mortgagor of a change in such amount. Such sums shall be applied by mortgagre toward the payment of real property ta:es, insurance prcm:~ms, a~ mortgage gvaranty irssur~nce premiums. WlTNESS 1NHFREOF, the ssid MORTGAGOR has herevmp set h:s hand and seal fhe day, a~ first atoresaid. ne SNlsd liwred i~ tFk presenoe of: ~ ~ . ~Q Seaq ~n , STATE OF FtORIDA ~ ~ cour,rrY oF ` S t. Lu c i e sef„e ,ne , G e o r e W. H e l l ~ P~~+ Y PP~~ K 9 I~i , ther~'ne M. H91~' his wife, to me well known snd known to me t o be ~ the individwls described in u~d who executed the foregoing instnnnent, snd acknowtedged beiwe me that they ezecuted the same fw the pxpose~ .x~.~.~a. a,a K.etherine M. Na 11 wile ot tlw aid G e O r'~, e W N a 1]. vpon • sepsrate and priv~t~ ex~min~Yan by me taken separate and apsrt from her said husband, xknowledged to and befo~e me that she e:ecuted ~id instrwnent heely and volurr ~+~~~Y +~+d wi1~ +qY compvlsion, constraint, spprehens~,~ feu of w from id husbarxl, i WRNESS my hand ~nd offici~l seal thi day of F@bI'U92' ~ ,A.T0.,19 ~E' i ~ ~ . . . Notary Public in snd for ths Strtt'of id~ 7t 1{rcps ~ ~ My Commission ~xpires: Y• , _ Retum Ta ' " ' ; ~ - Fint Fede~sl Saving~ ~ loan Assotiation , ' ~ , Of Fort Pierce. O ~ RE pR0 O~K : . _ _ , fort Pierc~. Fb.icl. Ff~ ~ ' . . i ~ • ~ ` ::,r • • Nornar PuBUC. srA~ or Ftiaifio~i ~~[~Rce... ~ • i - ti MY COhIMISSION D(PIRES APiFw.2 ~'.'1~96A ' . . . - - . ~ ~::;a~~ F~ 3. ~ ~ ~ ~ ~ ~~Q 2 ~ . ~ - • . . _ _ . - - - . ~ c~ - = - ~ ' 1 ~2.)`~ , : ~ . ~j ::.~;~r " ~ ~YRK ~ ~=~A' '~c: KGGc.- ~ ~~pU;~lT •-s ~T• ` ~ LpRIDA ~ . ~ - 'ff.1.-~~~,~+~L~. F ~ s` i .s: ,,,,;.n.' r - 600K~~ ~ ~ ~ . `%1 ~ J ~ : _ s~;~, . - _ _ - . ..~.'^r...a~` r .._..,"i r~ a5~~= _ . .::~~"`~~..7