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HomeMy WebLinkAbout1103 To plaoe and continvo~sly keep on tM buitdinps now w hsreaftK ~itua» on sa~d f~od ~nd on sll equipment and p~rsonally covK~d by lhis morf¢ p~, w~th ~II prsmiums ~hereon pa~d in iull, iin insuranc~ in ~hs uswl standard policy (o~m, in a sum approwd by tM MORiGAGEE. ~nd wi~dstorm ~ 4awance in tM uw+l s~arKlard poUcy fam~, in a ium approved by the MORTGAGEE. in s~ch comp+ny w oompanies as tM MORTGAGEE m+y dirKtj u+d ~It iir~ u~d wir?dstorm insurance policie~ o~ anY oi ssid buildinps. any intKtsl tfie+ein or pan thtreof, in Ih~ a~yre9ats wm a(Or~s~id ot ~ N~xt~s~ thereof, shall contain tM uwal standud mor~gagee cl+us~ w such othsr claus~ es tM Matyage~ maY ~~Vuir~, m+kinp tM lou u~der uid po1F cNS, tach ~nd evMy. pay~ble to uid MORTGAGEE +s its intaeit may app~ar, and tach snd ~very ~ud? po~ky sh+11 b~ p?omPt~Y +ss:p^ed +"d de~'vered 10 any MW by ssid MORTGAGEE a~ fv~thtr secu~iry to said mortg~ge debt, and not leu Ih~n ten (10) days in advance of the expirati«? of esch policy. ro d~- Ilwr fo said MORTGAGEE ~ ree+ew~l thereof, to~etMr with • recapt for tht promium of tvch renewal; and ther~ ~h+ll be no f~re w winditam inwr~na placed on any of said buildirgs. ~~y interest ther~i~ or p~rt thereof, vnlcu in the fo~m and with tM tou psY+bl~ as atores~idj ~nd in ~e •vtnt any sum of morky becom~s payab~~ +mde+ ~uch PolicY w Poficies ~aid MORIGAGEE shall Mw tM optan to receivr and ~pply the ame on accounl of tM i~debted~ eeu yecu~ed hereby or b petmil s~id MORTGAGORS to teteiw ~nd u~ i1 or any part tl?ereof la other purposet, wilhout Ihereb/ waivi~y a ~mpair• inp any puity, lie~ a right unde~ or by virtus of this mors~spe; aod in 1hs ~ve~1 said MORTCsAGORS shall fo~ any reason f~i) to keep the said p~tmises w intured, o? fail b deliver ptomplly +nY of said policies o1 insuranc~ to s+id MORTGAGEE, w fail promptly to pay fully ~ny ptemivm therefw w i~ a~y nspect fail b perfarq, dixhu9e, exec~te, effect, complete, comply wi~h ~nd abide by this cove~am, o? any pa~1 hereof. said MORTGAGEE may p~~cs and p~y fa auch i~surance or any part thereof wirhout waiviny a ~ifactin~ any op~ae, li~n, puity, or right under o~ by vi~tw of this Matsa~, ~nd the 1u11 sna~?nt of esch and w~ry/ wth p~yment thall be imme~i+tey dw and psyable a~d ihall bear interest irom tM date thcreof u~til paid at th~ r~b of nine per centum pe~ annum and ta}ether wiih such iroerest ihsll be secured by 1M lien of this matgape. 4. To permit, canmit w suffK no waste, imp+'ument w deterior+Ywn of said properry or any psrl thereof. 5. To pay ~II s~d siogular ths costs, c!wrges u~d expenies, includ;np a reaw~able attorney i fee s~d costs of abitracts of title, incu~red w p+id ~t •ny time by said MORTGAGEE, bea~ss or in the event of ?F~e fsilurs on the p+rt of tM s~id MORTGAGOR ro duly, promptly +nd futly por(wm, d~schary4 ~ execvte, eited, complete, comply with and ab:de by each snd every the stipulations, agreements, conditiau, and covenants oi said promiswry noro a~d ~his mortgage any a eiiher. ~nd said costs, charges and exper?ses, esch and every, shall be immedia~ely dua and psyable: whether a not there be r.otice de mand, attempt to collett a wit pending; and the full amount of eath a~d every s~th paymeM shall bea? interest from the date tl+ereof until p~id N fhe rate of nine per centum per aiuwm; a~d all said costs, chargea +nd expenses intv~red or paid, tog~ther with tuch iMerest, shall b~ setvred by tM lien of tiw mortpaQe. Q Thaf (a) in the eveM of any bresch of this Morlgsy~ or de(ault w+ the part of the AAORTGAGOR, or (b) in the evenl any of s~id sums of mo~ey hetein referred to be rw~ WompNY and f~lly psid within ~hirty (30) days neat after the same•uverally become due ~nd payaWe, w~~hou~ dern~od a norKa or (c) in the event each and every the stipulations, agreemenn, conditans and cove~ants of sa~d pro~+iuory note snd th~s mortgage any or either sre nol ~ulv. p~anptty and tutly perfamed. d~xharged, executed. effected. tompleted, complied with and abided ~iy. thtn in either a ~ny avth ewnt tM said a¢ pregate wm mentioned in said promiuwy note then remainirg unpiid. with interest xuued. and atl moneys secured heroby. shall betome due snd pay- able fo?thwith, or tF~eaAer, at the option of said MORTGAGEE, ~s fully and completely as if all of 1he said wms of money were aiginally u~pulated ro be paid on such day, anything in said prom~ssory note or in this Mortgsge to the contrary notwithsunding; and thereupa? w 1F~ercafter at the op~ion of said MORTGAGEE, without notice w demand, suit at law or in equity, therciore or thereafter begun, msy be prosecvted u if all moneyt sacured hereby had mat~red prwr to ib institution. That i~ the event that at the beginning of w at any time pending sny suit opon this Mortgs9e, d fo fweclose it, w fo refwm (t, o? fo enforcs payment of any claims herevnder, said MORTGAGEE shatt apply to the Court having jur~sd~aion thereoi fw the appointmem of a Receiver, such Court shall forthwith appoiM a receiver of said matgaged property all and singulsr, includ~ng all and siogular the income, profits, issues and revenues from whatever source derived, each and every of which, it bei~g exp:essly u~dentood, is hereby mortgaged as if specificalty set fath and destribed in the 9r~nting snd habendum clauses hereof, and such Receiver shall Mve atl the b~oad and effett7ve funct~ons and powers in anywiu entrusted by a Co~?t to s Receiver, end such appointmem shall be made by sucA Court as an admitted equity and a matter of absolute r'~ght to said MORTGAGEE, and without reference to ths adequacy or inadequaq of the value of th~ property mortgaged or to the swvency or ~nsolvency of said MORTGAGOR w the defendann, and that such rents, profits, income, issues ~nd revcnves shall be applied by such Receiver sccording to Ihe lien or equity of said MORTGAGEE ~nd the practice of such Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and evcry the stipulations, agreements, cn~ditioro and covenants ~n said p?omissory note and this matgage set fath. 9. That in the event the ownership of the mwtga9ed premises, or any part thereof, becomes vested in a perta+ other than the MORTGAGOR, the MORTGAGEE, its success«s and auigns, may, without nosice to the MORTGAOR, deal with such successor w successw i~ interest with reference to thi~ morlgage and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating or discharging 1he Mortgagors' liability hera- under or upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no twbearance on the pan of the MORTGAGEE w iri succeuon o~ auigns and no exrension of the time fw the paymem of the debt hereby secured given by the MORTGAGEE or iri sutcessors or assgns, sMll opente 1o release, diuharge, modify change or af(ect the wig~nal IiabJ~ty of ~he MORTGAGOR Fxrein, either i~ whole or in psrt. 10- It is specifically agreed that ~ime is o( the esserv_e of this conlract and thst no waive~ of •ny obligation here~nder or of the obliyafio~ se- tured hereby shalt at any tirrK thercafter be held ro be a waiver of the terms Mreof or of the instrumeM secu?ed herby. 11. In add~tio~ to the forego:ng monthly payments of print pal and iMerest required by the prom~ssory/ nole sctu~ed F~ereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr,ent an addirional sum est~mared by mortgagee~to be equal to 1/12 of the annual cost of the follow- M9= A-All rea! property taxes levied or assessed agai~st the above descri5ed real estate. ~ B-Premiums on iire a~d windst«m insurance as herein requ~red to be carried on the improvemeats situate on the above desuibed prerti~ses. ~ C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from t~me ~o time deem fit fo carry on 1Fx loan _secured hereby. ; 1Hortgagee shall from t~me ro time notify mortgagor in writ~ng of the amount due and payable herevoder and such sum shall thereupon be doe and ~ payable on the due date of the next monthly payment and each svccessive month thereafler urtil mortgagee shall notify mortgagor of a tharge in such amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insu~ance prem:ums, and mwtgage guaranty insurance ~ premiumS. - WITNE55 EOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. a ed ifi the presence of: ~ , ~ , s~ s , . ~n ~n ~ STATE Of fLORIDA ~ ~ Lucis ~ courm oF St. ! : 6efwe me penooally sppeared Inez Hilliard. ~ xidow a~u ~ hia•~vifw to me well k~own and known to me to be { the individua described in and who executed t!x foregany instrument, and acknowledped before me thal fiw~ executed the same fw tFie purpose~ `s, ane therein expressed. /Iw~M~rwi ri~.~i-tM-s.id - ~ dpenYS~wstC w~d pA?~t~ osi~tiwiiD~L~bY.~s~al~~ai~ aad aF~rri Lc~a.hec. ~aid brs6~~ ~cir~ri~d9ed ~o+~d.kfoM ~ ~iiJ~i~ewuw~r f~lr ~•rNvn- tarily~~wil~w~ ary? ~ow~ki~~r ~s~r~wly~~wwow.-1or ie~r~F w~fww~ ~ ~ WITNESS my Mnd snd official seal thi• Z~ST day of A D. 19~1~ ;~:nttr ~ Notsry Public in ~nd fw th~ ~IaM of~(~' ~~b~~+ . if•: ~ My Commiuion expires: ~ ~ ? ~ Retum 1a ' ~ • ~rf! 'ti*i!l~.i~~~ , .~~'r Fint Federal Savings 3 losn Association ' . ; : ' ~ - z'. : OF Fort Pierce. ' ' ~ ' JI~A i~ = y ~ • ~ Fpt Pierce. Florida NOTARY P~1BUC. SZ~~ Of FLOR 2~ 19~ , NO RECOROED - My ~M~aiSSiON ~~R~ ~ ~ - ~(tlVl^:` . ~ F1.lE~ A J~ ; F1.A. g7. 1.UCIE C VERIFIEO - • ~ f~~7' v. ~;~l:-,:= - R,C~Rp ~s r•,. ~ ~ ~ -4~ 1583 ~ ~ : '6T J'1~ 21 PN 3:08 ~tnGl.R i'OtTRL~S ~ CLERK C1RCU17 COURT - p R ~1 ` 600K 1U 1 PAGE1~03 ~ ~ , ~ - - ~ ~ ~ - _ - - - ~ _ - - ~ -