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HomeMy WebLinkAbout2338 3. To ptx~ +nd continuously keep on the bu~ld~ngs ~ow w hereaf~e? ~tuats on sa+d tu?d and on all equipm~nt and pK~onally cov~~ed by this narp- eyt, w~th all premi~rtR the~eon pa~d in fuii, l~re insu~ance in the usual ~tandard poticy (wm, !n a a.,m approved by the MORTGAGfE. •nd windttwm i~tu~anc~ in tM u~ual a~andard pot~cy torm, in a sum approved by iM MORTGAGEE, in iuch company w companiq ~s 11+~ MOR~vAGEE may d'erect; ~nd all (ir~ and w;nds+orm insurance pol~cias on ~ny of isid build~~+qs, +ny int~res~ therein o? part thereof, in ths agg~ey~r~ su~n ~foresaid or 1~ ~xce~s lhereof, tMll conta;n the vsv+l standard mor+gsgee clause w tuch otha cl~use as tM Mortyagae may requu~, makinp Ihs lofi unda+ sa~d poli~ d~~, each and svery, p+yabts to sa~d MORTGAGEE as ~ta intereu may appea~, ~nd cach and evcry sucA policy aha11 ba promptly ~ss-gr.ed ~nd dNive~ed ~o ~~y held by ~a~d MORTGAGEE as (ur~her tecurity to ~sid mortga9e debt, and, not leu ~han ten (10) d~ys in advance of the •xpira~ion of each pot~q, to dr • fiver ~o iaid MORTGAGEE a renewal thereoi, toge~ha with a rete~pt for the p~emium oi such renewal; a~d the~e ~hall be no fire or winds~o~m insurancs pl~c~d on ~ny of said bv:ldings, ~ny interast the~ein w part the~cof, v~leu in iM (orm'rnd wi~h the loss pay.ble as a(aes~id; and in the event any ium of money becomet paysble u~der such policy p oolities uid MORTGAGEE shall have the opt~on ro receFve arxl apply the same on accoun~ 01 the indcbted- ~+eu sscu~ed Mreby w to permit said MORTGAGORS to reteive and uss it w any part thereof for othcr purposes, v.~~ho~t Ih>.eo~ wai~i~.g pr ~mpair- ing ~~y equity, lien or right ~nde~ w by virtus of thi~ mo:!gage; and in tM ~vent sa d MORTGAGORS shall (or any ~eason fait to kccp the said p~em+u~ so insured, or fail to deliver p+omptly any of said polities of insunnce to said MORTGAGEE, or fail promptiy 1o p~y iully any premium the•efw p ir. any respect fail to per(orm, d~scharge, exccute, etfect, complete, comply with and abide by this covenant, or any pa:t hereoi, ssid MORTGAGEE may plste and paY (w iuch inwrance a any pan the.cof witAout wahing a affectinp any option, lien. eqv~ty, or i;gh~ un.ier w by virtw of ~his Mort9sye. •nd fhe full amovnt of ~ach ~nd every svch payment shall be immediately dw ~nd p~yable and thall beat intereft from ths dat~ the~eof ~ntil paid al tM ratt ot nine per centum pe: annum and to~ether with sutA inttrest shall be srcu~ed by the lien of this mortgiye. 1. To permir, commit or sufim no waste, impairment q deterioration of s~id property or se~y p~rt tAt~eof. S. To pay sll ~nd singulu ~he.costs, cMrges and expenus, Includinp a seasonable at~wney'~ fee and costi of abstracts of r~tle, incur.ed or pa~d at any time by uid MORfGAGfE, becaus~ or in the event of the failure on the part of ths seid MORTGAGOR to duly, promplly and fully per(orm, d~uharge, execute, ~ffect, compicte, comply w~rh and ~b~de by esch and every the stiputatwns, agreements, cw+d;rions, and covenants of tsid promissory note and this mo~tgage any w either, and sa~d costs charges and expen~es, each and every, shait be immed~ately due and payabte; whethe? a not thcre be naKe d~ mand, ~ttempt to collect or iuit pendtng; end the full amount of each and e•ery tvch payment shall bcar interest from the date the.eof untii paid at the rate of ~ine per centum per annum; a~d al! said cdsts, charges snd expenses incurrcd w paid, together w~th such interesl, ~hall be secured by tha lien of this mortp~g~. 6. That (a) in tM event of any breach of this Mortgsge w default on the part of the MORTGAGOR, or (b) in the evcnt any of sstd sums of money herein referred to be not promptty and fully paid within thirty (30) day. ~ext after the same uve~a!ly becwne due and payable, without demand w notice, or (c) in the evM1 each ~nd every the stiputationt, sgrecments, conditions and toven~nes of sa~d promissory note ar+d th~s mwtgaye any or ei?her are not ~uly, promptly and fully performcd, d~xharged, executed, effec!rd, completed, compGed with and abided 4y, then in e~rher or any svch evenf ths said ag~ greg,~te ~um mentioned in said promissoay note then remsining unpaid, with interest accrued. and all moneys secured hereby. shall became dw and psy- able forthwith, w the~eafte~, at the option of said MORTGAGEE, as fully aed completely as if all of the said sums of money were orgin~lly s~~putatcd to be paid on suth day, anything in said promissory ~ote o? in thi~ Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of said MORTGAGEE, without not~ce w demand, suit a1 law or in equ~ty, tF~efwe w thereafter begun, may be proxcuted as if all moneys secured hereby had marured pnor to its institution. 7• ihal in the event that at the beginning of or et any time pendirg soy ~ui! upon this Mongage, or to foreclose it, a to refwm it, or to enfau payment ot any claims hereunder, uid MORTGAGEE shall apply to the Court hav~ng jur~sd~ctio~ thereof fw Ihe appo~n~'.~ent of • Receiver, such Court shall fortFiwith ~ppoint a receiver of said mortgaged property all and singutsr, includ~ng all and sing„ta: the income, prof~ts, issues and revenues from whatever sovrce derived, eath and evcry of which, if being expressly undcrstood, is h~teby mortgaged as if spec:fically set fwth and desttibed in Ihe gra~ting and habendum cla~ses hereof, and such Receivrr shall have all the broad anc effecti~e funct~ons and powers in anywise entrusted Qy a Court to a Receirer, and such appointmcnt shall be made by svch Court as an admirted equ'rty and a mafter of absotute right to said MORTGAGEE, and without reference to ths adequacy a inadequacy of the v~lue oi the prope~ty mwtgaged or to the soivency or insolvency of said MORiGAGOR or the dcfendants, and that such renrs, profih, incane, issues and revenues shai: be applied by such Receirer sccwd~ng to the lirn w equity of said MORTGAGEF and the practice of wch Courf. 6. To duly, promptly and fully per(wm, d~xharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, sgreemcnts, conditwns and covenants in said promi:sory nore and this ma~gage set forth. 9_ Tha1 in the event the ownership of the mortgaged premises, a arty part the:cof, becomes vested i~ a perwn other than the MORTGAGOR, th~ MORTGAGEE, irs successors and ess~gns, may, withour no~ice to the MORTGAOR, dcal with such svccessor a avccessor in interest wi~h reference to this ~*+or~gage ~nd the debt hereby aecured in the same manner as with Mortgagor w;thout in any way vitiating p d~uhargirg the Hbrtgagors' tisbdity here. under or up«? the detr~ hereby secured_ No safe of fhe Fremises hereby mortgaged ~nd no fwbearsnce on ~he parf of the MORTGAGEE w its sutteuws or assigns and no exle~sion of the time fo~ the payment of the de6t hereby secured given by the MORTGAGEE o: its successors or auegns, shall operate to release, discharge, nwdify thsnge p aftect the original liabit~ty of the NKlQTGAGOR herein, either in whole o~ in pa~t, t0. It is specifically agreed thar time is of the eaunce of fhis :ontract and that no w~ive? ot any obligetion herevnder w of the obligation ~e- c~red hereby shall at any time thereaftcr be held to be ~ waiver of the terms hereof or of the instrumeM secured herby. 11. In add~tion to the fwego:ng monthly paymenfs of princ pal and interest requirrd by ~he prom~ssory note secured hereby, mortgagor covensnts and sgrees to pay to mortgagee with each monthty pay~nrnt an add~rional sum estimated by mortgagee to be eq~~al to 1 f 12 of the annual cost of the follow- ing: A-All reat property taaes kvied w assessed agai~st the above deuribed real estate. B-Premiums on fire a~d windstorm inwrarice as herein requ~red to be carricd on the improvements situate on the above des ribed premises. C-Premivms on such mortgage guaranty i~surance as mortgagee shall from F,me ~o time deer.. t~~ -„rr an ehe ban secured hereby. Mortgsgee shall f.om tirt+e to time not~fy mprtgagor in writ~ng of the amount due a~d payable hereu~der and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereeiter ur.til mor~gagee sha1~ not;{y rnortgagor of a change in such amount $uch sums sF.all be applied by morfgagee towa~d the payment of real propcrty taxes, insurance prem:ums, and mortgage guara~ty insurance premiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto ut his hand sod seal the day snd year first aforesaid. S' Se led~-~7,n~d., deli/v~re~d ~ tlu presence of: . ~ ~ . ~^'"'ii~'V ~..c-<.~-1s, ~ ~ % Q ~ 4 C (Se~q (Seaq , _ STATE OF f~ORIDA ~ St. Lucie courrnr oF + Before me personapy appeared _ EVeT'Btt F. ?~Iaheuron Edith Maheuron his wife, to me well known snd known to me to be the individwls desuibed in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for the purposes ~h«~~~ e=~ti.~. a,a tr~ ~;a Edith Maheuron w~fe ot ths ss~d Eve re t t , Mahe uron ~po~ ~ Kp,~~te ~nd pr~wt~ exemination by me raken uparate and apart lrom iier said husband, acknowledqed to and before me tFwt she executed said instrumem freely and voluir tarily and w;tF?out •r4Y compulsion, constra~nt, apprehena~on, or fear of u from her said husband, ;;,r:::;~, WITNESS my hand and offici~l seal this~~_ d~y of A ~-pr'~9~_ ' ~ . , . Notary Public in a for the Stste of ~lo~" ~t'r~~ My Comrniuion eapires: ; • c:~ • - ~ Return To: ~ : first Federal Saving~ b loan ~ 9-Z,3~G ~K. SW! ~~'rt ~C/ S C:. _ Of fort P;e«~. AND RECORDED ~ ~~r ~~~,19 ~ fort Pierce, Florida ~f~~ oOK C~ ~°'~b~MF4!j'~Y~.Ci" • ' ' . ' ~ ~ ~j + f j,~ A ~~'c..~.Gr/' , 1 t~. ',`l . i• ' ~ 7 Plrl 3: I ~ ~,,A ~~=3.:~,.::~.~ 144315 ROGER i-v: ! ri~i j, CLERK ~~d ST. LUCIE COUNTY, ~ FLORIDA BooK~4z . . ~~v-~~, - : . _ _ _ ` ~ ~'a't~~C- A, , - _ _ I f ~:,s X c'•~. ~ ' _ _ . ~ ~~-z .~Yy- ~ , : ~a°~^".M`v~`.~.~.'"