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HomeMy WebLinkAbout1269 9. To plu~ ~nd contin~ously keep on the buitdings now w hereafrer t+tuare on sa+d land and on all cquipment ~nd p~rsonally covaed by this mort~ ~Q~, with all p~em;u~! rhercu.± pa~d in full, fi~e insurance in the uiual siandard policy to~m, jn a sum approvad by the MOR~GAGEE, artd wind~twm insu~~nce in ths usual sTandard pot~cy fwm, in • sum approved by tM MORTGAGEE, in such compa~y or canpan~et as ~he MORTGAGEE m~y direth +nd alt fire ~nd wiad:torm insurance polKies on any of said build~ngs, any inte~est therein or part thereof, in tM sggrcga~t tum afwesaid a In ~:c~ii ~herwf, ilull contain the usval standard mongagee clause o~ such otha clause as tM Matgagee may rcqu~re, making ~hs loss unde? ta~d polN ~NS, e~ch ~r~d eve~y, payable ro iaid MORiGAGEE ai its intrresr may appear, and eacA and eve?y svch putir~ ~ha~l be promptly +~s.gncd and delivered ?o •ny hefd by said MORTGAGEE ~s further iecurity to said ma~gaye debt, and, ~ot less than ten (10) dayi in advance of the expi~at~on ol esch po~~cy, to de- liv~r to uid MORTGAGEE a renewal thereof, logether with a reteipt for the premium of s~th renewat; and there shall be no fire or windstorm insuranta pl~ced ot? sny oF taid bv~ldinQ~, any inte?est therein w part thereof, unless in the form'and with Ihe Ioss payabte as a(aes~td; and in th! event any sum of money becomes pay~ble unde~ tuch policy a pol~cies said MORTGAGEE shall have the opt~on ~o receive and appty the same on account o1 the i~debred neu secured hereby or to pe~mit sa~d MORTGAGORS ro receive and uss if a any pa.t thereof for ofher purF+oses, w~~hour ~h_~eu~ wai~i~.g w unpafr- lnp ~ny equity. lito a r'~ght under or by virtue oi this mortgage; and i~+ the evcnt w~d MORiGAGORS shall fw ~ny reason isil to keep ~he said p?em~sts so insured, a(ail to deliver promptly any of said poliues of insuiance to said MORTGAGEE, w tait promprly to pay fully any prcmium therefot or in any respec? fai! ro perform, discharge, execvte, eifect, complete, comply with a~xl abide by th~s cove~ant, a ~ny part hereof, said MORTGAGEE n,ay place and p~y fw suth inw~ance ot any p~n thereof witho,;: wshring o~ affettinp any option, lien, equ~ty, or ~igh~ under w by virtue of this Morrgaye, and tht fvll ~movM of each and every such payment shall be immediately dw ar+d psyible and slwll bea? intcresl irom the date thereof ~ntil paid M the rate ol nins per centum per ar.~un, •nd together with sutA i~terest shali be secured by ths 1'ien of this mortgage. 1. To permit, commit a suffN no waste, impairmeM or deterioration of said property or +ny parf therepf. 5. To pay all and sinyular the tosta, charges ~nd expenus, includ:~g a reasonable attwney i fee and costs oi abstracts of title, incurred or pa;d s~ ~ny time by said MORTGAGE~ betavs! or in tF~e evMt of the failure on Ihe part o.` :he ssid MORTGAGOR to duly, promptly ~nd fully pcrfwm, discharge. execute, eff~a, compkte, comply with and ab:de by each and every the si~pulations, agreements, conditiau, and covenants of iaid promissory nota and ~hii mortgage any w ei~her, and sa~d cosn, charges and experxes, each and eve~y, shall be immediately due and payable; whether a not !here be notice do- mand, ~ttempt to collect or suit pending; and the ful) amount of each and every suth paymcM shall bea. interest from the date thereof until paid a1 the rate of nine per ccntum per annu:n; and all said ccsts, charges and expenses incurred w paid, togethe? wnh such interest, shall be sctwed by tia lien of tbis mottya~e. ~ e. lhat (a) in the event of sny breach of this Mwtgsge o? default on tM part of the MORTGAGOR, or (b) in the eve~t any of sald sums of money herein referred to be not prompny and fufty paid within th~rty (3p) daya next after the same seve~afly become due and payable, without demand or ~otice. or (c) in the eveqt aach and evsry the stipulatio~u, ag~eemcnts, condifions ~nd tcvensnts of sa~d promissory note and this mortgsge any or eilher are not ~uly, promptly and fully perfamed, dixharged. executed. effected. completcd. complied with and abided ~iy. then in either or sny such event the said a}} pregst~ ium me~tioned in s~id promissory note ~hen remaining uopaid, with interest accrued, and ail moneys setured 1?ercby, shall lxcome due and pay~ •ble fathwith, O? tMlfHffH, at the option of said MORTGAGEE, as fully and complNely as ii all of the said sums of money were aginally tlipulated to be pa~d on such day, anything in said promissory note w in th~s Mortgage to the contrary ~otwithstsnding; and thereupo~ w thereafter at the opfion of taid MORTGAGEE, wit}aut not~ce or demand, su'r! st !aw or in equily, thcrefore w thereafter begun, may be prosecuted ~s if all rnwroys secured hereby had matured pna 1o its institution. 7. That in the evenf that st the beginning of p al any time pending aoy sult ~pon this Mortgs9e, or to fweclose it, w to re(wm it, or to enforce payrrKr.t of any ctaims hereunder, safd MORiGAGEE shall apply to tF~e Court having jurisd;ction ~hereo( for the appo~ntment of ~ Recciver, such Court shall fwtFiwith appoint a raeiver of said mortgaged property all and sirgular, includ~ng all and singular the i~come, profits, issues and reve~ues irom whafever source derived, each and evcry of wh~ch, it beirg expressty understood, is hereby mortgaged as if spec+Iically xt fwtb and desuibed in the graming and habendum clsuses hereof, and such Receiver shall have all the broad and eflective funct~ons and powcrs in anywiu entrusted by a Court to ~ Receiver, and such appoiromcnt sMll be ~r.ade by such Court as an admitted equity and a matter oi absolute right to said MORTGAGEE, and without reference to the adeqvacy w inadequaty of the valve of the property mortgsged or to the so:vency or insolvency of said MORTGAGOR w the defendants, and that such ~ent~, prolits, incane, issues and revenues shall be apptied by such Receiver ;ccord~ny to the lien w equity of sa~d MORTGAGEE and ~he practice of such Court. 8. To d~ty, promptly and fvUy perfwm, discha?ge, execute, effect, complete, comply wi~h and sbide by each and every 11x stipvlations, agrcemenri, conditions and covenants ~n sa~d promisswy note and this mwtgage ut fwth. • , 9. That in the event the ownership of the mortgaged premises, or any part t6ereof, 6ecomes vcsted in a person other than the MORTGAGOR, the MORTGAGEE, iK wccessas and assigns, may, wirhout norice to ~he MORTGAOR. dral wifh such succeuor a successw in interest with refere~+ce to this mOrtgage ~nd the debt he~eby secured in the same manncv as with Mortgagor without in any way vitiating or discharging the Mwtgagori liability here- under w upon the debt hereby secured. No sale of the FremLSea hereby mortgaged and no forbearante on the pa~t of the MOR1GAGfE or it~ successas p augns and no extension of the time fa the paymen+ of the debt he.eby secured given by the MORTGAGEE or its successors w assigrts, ahall operate to release, discharge, modify change or afiect thr original liability of the MORTGAGOR he~ein, either i~ whole or in part. 10. It is spedfically agreed thst time is of the essence of this coNract a~ that ~o waiver of any obligat~on he?eunder w of the obligatan se- a.red he~eby shall at any teme tF~ereafter be hefd to be s waiver of the terms hcreof or of 1he inatrument secured herby. 11. In add~fion to the forego:ng monthly payments of princ'pDl and interest requ~red by the prom~ssory note secured hereby, mortgagor covenants arod ag~ees to pay to mortgagee wilh each moothiy payment an addiiional sum est~mated by mortgagee to be equal to 1(' 12 of the annuat cost of the fotlow- ug: A-All real pioperry ?axes levied or assessed against the above descri?~ed real estate. B-P~emiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate o~ the above described premises. C-Premiums on such mwtgage guaranty insurar,ce as mortgagee shall from t:me to time deem fit to carry on tfK foan secured hereby. Mwtgagee shail from time to t:me notify mortgagor in w~iting of the amount due a»d payable hereunder and such sum shall thereupon be due and i payable on the due date of the next monthly payment and each successive month thereafte~ ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shatl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwrgage guaranty insurance preMiuml. • . IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ar~'y r firs atorasaid. ~ . Seal and delivered in the presence of: . _ ~ ~+n Seal) ~ (Seal) STATE OF FLORIDA 1 couNtr oF S t. Luci e Before me personally appeared Robert G. H811 Ma ry W. H8 11 his wifc, to me well Enown a~d known 1o me to be the Fndividwls desuibed in and who executed fbe foregoing instrumem, and ack~owledged befwe me that they exedited the same fw tF~e purposes tfurein txpressed. And the sai Ma r' ~III . H811 w~Fe ot ~r,~ ~;a Robert G. Ha 11 ' ~ @a*•i°3lP,:p .lend pr~~.t. examinstion by me taken teparate and apan from her sa~d husband, acknowledged to and before me that she execvted ' lfistr M f~e~'~g,d volun- ' ?arily and w'~ihout arty compulsion, constrain?, spprehension, or fe r of ot from her said husband. WIiTfKS my hand ~nd official sea! thi: ,L~~ day of M8 ' ~ Q~~na D:19~ - ~ ; : ~ j : , . - . N ary Pubtic in ar+d for the Sla~~pf . (~e~j ~ My Commission expi~es: ~ ~•t C Retor.: To: ~ PII~K. ~ifl•-0~'~•~~••~• i~4o~ Fint Fedenl Savings 3 loan Associat~on t-~ ~„j,~ , 9 Of Fort P~erc~ I l E 1~„ A N~ R E C 0 R D E D 4~'• w.s.r ti ~.«K.. r:. a c.w.r„ w Fort Pierce, Flotid~ ( W. t~ i~ i j ~ O O K ~ N ~ ~ t i .R.i?1 . . . 'a._~`'~- " - ~ 'G6 I~i.'tt I e PM 3: 50 r; ~~eX.~~~~Vary~~' `j ~ Cl ~ :`r t~~ j.A~'~'.~;y-=~''~' Il~~il~ . . ~..7. ~vi_~f11\ F' ( ~ • . i ~ i ? ~ ~ ~ ST. LUC+t~ COUt:TY. . _ - - - FLORIDA ^ ~ 0 R = a~ox ~.41 ~fi ~ .'s , e f` l .5 , _ . . ~vr ~ _.n:`fl ~F