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HomeMy WebLinkAbout2137 ~ , 3. To pl~n and contirwouily keep on tM buitdings rww w M~tafttr ~~tuate on said land ~nd on aU equ~pmeet ~od pasonaQy covaed by this mor~p- e9e, with dl prtmiwnt thtr~oe~ p~id in full, fire insurance in the utual surclard poticy tam, in • sum appro~~d by the MORiGAGEE, ~nd windsto~m ~nsursnct in tM ~nwl standard policy fwm, i~ • ~um spproved by ~he N10RTGAGEE, in tuch tanp+ny o~ tomp+nits +s ~M MORTGAGEE m~y d~rect; ~nd all fin ~nd windstorm ir?surance polKiei on any oi u~d build~nps, ~ny inrsre~t therein or p+rt theteof, in tM apgreyaa ium ~fa~said o? in ~xcta Iher~of. sMll conlain tM vival standard ma~gagee clause w such other clauss as the Morty~gee m~y requin, maAinp Ihs lou unde? sa~d polF c~es, eacA ~r+d ~vtry, p+Y+bk p i+~ ~RTGAGEE as it~ i~~erest may appear, and each and every s~ch pol~cy shall be promptly ~ss:gncd a~d detiverod to any h~ld by said MORIGAGEE ~s fwtha secvrity to said matgage debt, and, oot lau than ten (10) days in advance of the expiration of e+ch policy, to dr liver to a+id MORiGAGEE • reeKw~l thtrsof, topetFwr with a receipt fw the p?emium of such renewal: s~d ~hers shall be no fire o? windstorm insuranc~ pleced on ~ny of said buildings, any interest thtrein w put thereof, unless in ~he form ~nd with Ihe loss p~y~ble as •twessid; and in tht event any ium of mon~y becorn~s p~y~bl~ undt~ such policy w policies sairi MORTGAGcE shall have the option to reteive ar+d ~pply 1he same on +ccouro oi the indebted~ nass s~cutld Mt~by W 10 permii said MORTGAGORS ro ~ttsive and vsa it p any parl thereof tor other purposea, wi~hout the~EO~ waiving or ~mpair- ing any puity, liee~ a riyht uoder or by vi~t~e of this mo:tgage; and in the event sa~d MORTGAGORS ihsll fw, c~y reason fail ro keep the said premiies so insurcd, or f~il b d~liver ptomptly any of ssid polities of insu~ante to said MORTGAGEE, w fail promptly tQ pay fully any premivm therefq w i~ ~ny respect f~il w p~.fwm, discharye, ex~cuts, effact, comp:_~e, comply with and ab~de by this covenant. « ~~y Pa.r he~eof, ssid MORTGAGEE may p~+ce +nd ~ pay fa ~uch iMwant~ ot ~ny parf thtreof without wsiving w sffactinp any option, lien, equity. or right ~ndM w by virtw of this Mort9a~e. ~nd tht full amount of tath and ewry tuch paym~nt sh~ll be immediately due +nd payable ~nd shall be+r i~tereit from tM date theteof u~til paid at tM rat~ ol n~ne per centum pa ~nnum and togethcr with such interest sF+all be secu~ed by ~he lien of this mortgage. 1. To pKmit, canmit or sufftr no waste, impa'vment w deterioration of said property a any put thereof. S. To pay ~II ~nd sirgul~r tM tostt, thar~es +nd expenses, including a reason~ble attaney i fee +nd costs of ~bstracri of title, inturred w p+id st ~ eny time by said NIORTGAGEE, b~tavse w in the ~ver+t of the failure on ~he pan of the said MORTGAGOR to duly, promptly and fully perform, d~xharye, exe<uts, ~ffect, complate, comply w~th and ~b+de by each snd every the stipulat~ons, agreemMts, cond~tions, and mvenanrs of uid promissory note a~+d this mortg~ any a either, snd said coits, cMrges and expenses, rach and every, shall be immediately due and paysbte; whetix~ w not there be ratiu de mand, ~nempt to colktt w wit p~ndiny; ~nd the tull amouM of each and erery such paymcnt shall besr interesl from the date thereof until p~id at the +are of oin~ pe~ centum per ~rnwm; and all ssid cos?s, charyes and expenses incurred or pa~d, together w~th such interNt, shall be iecured by th~ lan of tha morty~. 6. Th~t in tM ewnt of any lxe+ch of this Moregaye w default on the part of the MORTGAGOR, w(b) in the event any of ~aid sums of money heroin ref~?red to b~ not ptomptly snd fully paid within thirty {30) days nexl after the same sevnalty become due and payable, without demand w notice. or (c) in tM ~wnt ~ach ae~d evary the stipulations ~gresmenn, condi~ions and coven~nts of sa~d promissory note and th~s mort~a9e +ny or ei~her are not iuly. Promptly and fully pe~tormed. d[schsrged. executed, eifected, compkted. complied w~th and ab~ded by, then in either or ~ny suth ev~nt tM ssid ap~ gregate wm mtntioned in said promiuory note then remaining vopaia, with interest xuued, and a11 moneys secured hereby, shall become dw and pay~ ao;e fwthwith, or thereafta, ~t tl+~ option of said MORTCsAGEE, es fully +nd completely a~ if all of the said wna of mo:~ey were ai~in+lly stipul~ted ro ~e paid on ~uth daY. anythLg in said promiuory note or in this Mortgage to fhe contrary notwithst~ndiny: and Ihereupoo a thereafte~ ~f the option of •e~d MORTGAGEE, without notic~ w dem+nd, suit at law a in equity, therefore a thereafter begun, may be pros~cuted u if all naneys secured hereby nad matur~d prior fo ib irotif~tion. 7, ihaf io tht event that af the beginning of or at any time pending any suit opon this Matgage, w to forecloss it, w ro reform it, or to enforq payment of ~ny d~ims hs?evnder, said MORTGAGEE shall apply to the Court ha~ing jur~sdrc~lon thereof fo? ths ~ppantment of ~ Receiver, s~ch CouN sMll forthwith appoiM • nceive? of ss' matgaged property all and singular, includ~ng atl and singular the income, profits, iuues and revenues from whatevtr source derived, eath and ~wry o~whith, it being expressly understood, is hereby mortgaged as if spec~fically xt falh ~nd dewibed in the qr~nting and habendum davses hereof, and suth Reteiwr shall hsve ~II ~he broad and eftettive funU~ons and powers in anywise entrusted by a Co~rt f9 • Reteiver, •nd such appointment shall bs m+de by such Cowt as sn admitted equity aod a mattN of absolute right to said MORTGAGEE, ~nd without reference to ths edequaq a inadeqwty of the value of the property mwtgaged or to the solvency or insolvency oi said MORTGAGOR a the defe~ants, and that such renti, profits, intome, iuues and revenues shall be applied by such Reteiver according to the lien or equiry of ssid MORTGAGEE and the practiu of suth Court. 8. To dvly, promptly aod fvlly perform, discharge, execute, effect, complete, comply with and abide by ead~ ~nd every the stipvlatiau, ~greertKnt~, condltions and covenann in said promissory ~ofe and t6is mortgage set forth_ ' 9. That in ths avent the ownership of the mortgaged premius, w any part th~rcof, bec«nes vested in + person other tl?~n the MORTGAGOR. th~ MORTGAGEE, in sucuuors and aui9ns, msy, without notice to the MORTGAOR, deal with such successw or wccessor in interr•t with reference to thi~ mortgege and fhe debt hereby secured in the same manner as with Mortgagw without in any way vitiating w distharging the Mortgs9ors' lisbility hert ur.der o~ upon the debt fxrtby securcd. No sale of the prem~ses he.eby mort9aqed snd no forbearance on the paA of the MORTGAGEE a its sutctsson or euigns and no extens"wn of the time fd the paymeM of the debt hereby secured given by the MORTGAGEE or its sutcessors or auigns, sh~ll operate ro release, dixh+rpe, rtwdify thange o~ affed the original liability of the MORTGAGOR hcrei~, eitt~er in whale or in psrt. 10. It is specifically agreed tMt time is of the esscnce of this contract and that no waiver of sny obligaYwn hereunder a of fhe oblipaYwn sr cured hereby sMY st any time thercafter be held to be a waiver of the tcrms hereof w of the instrumeM secured he~by. 11. In addit'an to the forego:ng monthly payments of princ'pal and inrerest requi~ed by the prom~ssory note secured hereby, mortgagor covenants and agrees to p~y to mortgagee with each monthly payment an addi~ional sum est~mated by mortgagee to be equal to 1~12 of the annu~l cost of the follow- ir~: A-All re+l property taxes kvied or a:sessed agai~st the above described real estate. B-Premiums on fire and windstorm insurance ai herein requ;red to be carried on the improvements situate on the above desuibed premises. F C-Premiums on such mwfgage guarsnty insurance as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. Mwtyagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and f ~ FayabSe on the due date of Ihe ne:t monthfy payment and each successive month thereaft:r urtil mortgagee shall netify rtw~lgagor of a change i~ wch amount. Such sums shall be applied by mortgagee toward the payme~t of real property taxes, insurance prem.ums, and mortgage guaranty insurance € p~emiums. > ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afaesaid. ~ ~Qned, aled li in tF~e escnce of: ~ . / ~ i ~•n S7ATE OF FLORIDA t COUNTY OF St. L11C~6 ~ ~ ge{ae ~1e ~„p„~~y Al fred L.ern,V S. i nl ever snd $pi,Atri cA Ruth Sehinlev6l• his w~fe, to me well known and known to me to bs the individ~sb dewibed in ~nd who executed the fwegoing instrument, and ackraw! ed before me that they executed the same f~~~ttlt,Qyrposes Beatrice~uth Schinlever - _ -~'-t• rherein expressed. Md tFw pid .~''r` s• r:+• . wife o+ ~i,. .~~a Alfred Leroy Sahinlever ~ „P,,;~, ~.r;,e';,;a-~;.r,u examinatio~ by me tsken sepuste and apart from her said husband, sdcrawledged to and before me that she executed said insAurnent fr~ely and volun•~ rar~ly and withoW ~ny compulsion, constraint, spprehension, w fear of w from her said husband. ' ~ WITNESS my hsnd and officisl se+l thi day of October ~q~6 , tary Public in snd fw the Stue of ~lorid~. at larp~ . NO~A~IF~F'~~!^91lA'E !~1`PN}~1DA at IAP.;E . - Retum Ta NY CQ•....~;.~(;;~ t?tPI-;:S :,:;,R. 31. 1~69 . - ~ Firsl Federal Ssvi s 3 loan AswcisYan - i ~ CONDED 7N~tUt/liN t RED W. plLy(CLHpIIS- Of Fort P~erce. ' ~ ~ FOrt Pilrte. Flotida ' f~~ 9 t - fILED AND RECORDEO ST. LUCIE COUNTY. FI.A. RECORD VFRIFIED 149031 '66 OCl' 7 PM 3:22 ^~O~Ci~! i•t71 ~ R;.S ~ R ~ C~ERK CIRCUIT COURT BOOK156 PACE 334 _ ~ . ~ s~' _ ~ : _ - - - - : _