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HomeMy WebLinkAbout0754 To plx~ ~nd continuously ks~p on 1M buildinpi now a hereaitN sitwte o~ said land and on ~II eqvipment and p~rwn+lly covered by this mat¢ ys, with ~I) premivrtb thereae? paid i~ full, fire insuranc~ in the ui~sl slandard polity fam. ~n • sum approvad by tM MORTGAGEE, and wir+d~twm intw~nte ie tM us~al ~randard pol~cy (am, in a sum ~pproved by tM MORTGAGEE; i+~ tuch tanp+ny o~ comP+~~n ~M MORTGAGEE may dinctt ~nd all fi~~ ~nd wi~ds~orm insvr~ece policies on +nY oi seid build~nps. ~ny int~n~t tMrain o~ put tMreol, in tM ppre9~~e ~wn ~faesaW w In ~xceu thereof, ~Aall contai~ ~hs u~ual st~ndud mortgsye~ cl~use or such o~ha claus~ ~i tM Nbrty~9e~ may requ~n. m+klrq tM lou und~+ ~aid po14 ci~s. ~sch ~nd ewry, p+yabl~ ro uid MORTGAGEE ~s in intereit may appN~, and each and avery such policy ~hall b~ promptly au:yned ~nd delive~ed to •ny heW by wid MORiGAGEE ~i further security to s+id morr9a~~ deb?, and, not leu th~n ten (10) days i~ advance of the ~xpir~tion of each policy, ro d~- liv~r to uid MORTGAGEE a rencwal tMreof, lo~ethe~ witA a receipt (w tht premium of ~uch renewal; snd thsr~ iMll b~ no f'u~ a windstam insurant~ plaad on ~ny of uid buildinp~, any interctt tha~in or put tF~ereof, unless ?n tM form' ~nd with th~ lou payabl~ as ~fores~idj and in tl+~ ~wnt any sum of mon~y becom~s pay+ble ~nder such policy w poGciti s+id MORTGAGEE shall Mw tM opt~on ro receiw and ~ppty tM sam~ on accow+~ 01 IM ind~bted- , neu Ncur~d Mreby or to permit uid MORTGAGORS Io ~eteive +nd us~ it a any part fhcreof for othcr purposes, without the~eb~ waivi~~g a~mpair- ~ iry ~ny puity, li~n or ~iyht ~nder or by v'utw of this mort~apes ~~d in tM event ~aid AhORTGAGORS shall fw sny reawn fai) to ka~p the sa~d premiies io in~ured, or f~il b d~liver promp~IY ~~Y of said polk;a of insun~ce to said MORTGAGEE, w(ail promptly to pay fully a~y pr~miw++ the.efw o~ In any • respecl fail to perionr~, discMrgs, execute, effecl, complet~, comply with and abids by this covenant. or any part 1?treoi, said MORTGAGEE may pl~ce +nd par ta such insuranc~ w ~ny p~rt thereof wi~hout w~lvinp Sr aff~ctirg ~ny optioe+, li~n. p~ity, o~ rpht unda or by virtw of thii Mat~~, and the ~ full anaunt of tach ~nd ~very wch psymeM shsll be immediately dw ~nd p~yabb ~e+d tMll bear inNrest from ths dat~ tF+aeof vntil p~id M tM rat~ 01 n~ne ps~ cent~m pa amwm and together with such interest shsll be sec~red by tht li~n of this mwt9+yt. ; To p~rmit, coenmit o? sufter no wasta. lmpairmeM or deterio?atan of s~id propaty or ~ny p~r1 thereof. ~ 5. To pay all snd sinp~lu tl+e.costs, char9es ~nd expenies, includirg a resionable +ttorney i fee and costs of ~b~trach of title, incurred w psid at any time by said 1NORTGAGEE, becavs~ w in the event of tM failure on the p+n of the said MORTGAGOR to duly, promptly and fully pertorm, d~xhargR execv~s, ~ffect, complet~, comply with and ab~de by esch and every tM itipulations, agrcements, conditions, and covenants of taid promissory note and thi~ morty~ps ~ny w either. and wid cos~s, charqes ~nd expenaes, esch end evcry, sMll be immediately due and payeble: whether or not thers be notice de ma++d, mtmpt to collect w suit p~nding; and the full amount of each a~d wery wch payment shall bea• intereit from tM date thereof until p~id at the rate of ni~e per ccntum per annum; and all said c6sts, charga +nd expenses incvrred w paid, together with tuch inttrtst, ~hall b~ s~cured by 1M litn of thu mat~ap~. A. That j~) i~~ the event of any breach of this Mortgap~ or defa~lt on the part of the MORTGAGOR, w(b) in the event a~y of ~aid swns of money herein rtferred to be not prompny and fully paid wi~hin fhirty (30) days next afte~ ~he same severatly become due +~d p~y~ble, witho~t demand o? notice, or (c) in the evsnt exh snd every the stipulatia+a, sgree~~.ents, condifions ~nd covenants of ~a~d promiuory note ~nd th~i mortpape sny a e~ther are nol iuly, promptly and fully perfwmed, d~xharged, execuied, effected, completed, compl~ed with a~d ab~dcd by, then in e~ther a any such ewnt tM said ap~ flreQst~ wm mentan~d in said promiuory note then remainirg unpaid. with interesl acaued. ~nd a11 moneys setured hereby. sh~ll becane dw and p+y~ abte forthwith, or therea(te~, at the option of said MORTGAGEE, ai fvlly ~nd canpletcly as if •II of ~he iaid sums of money were aiyinally atipulated ro be paid on such day, anytking in sa:d promissory note w in thia Mortgage to the contrary notwithstanding; and the?eupon or thercafta at the option of said MORTGAGfE, without notice or demand, svit at laa or in equity, therefwe w tF~eafter begun, may be prosecuted as if all money~ secured hereby had matured prior to its institWion. 7, ihat in the event that st the beginnirg of a it any time pending soy suit upon this Mwtg~ge, w to faetlose it, or fo reform if, or to eriforce payment of any daims hereunder, said MORTGAGEE shall ~pply to the Court hsving jurisdiction thereof for the appo~ntm~nt of a Receiver, such Court shall FatFiwith ~ppoint a receive~ of said mortgaged property all and singular, includ~ng all and singulsr the income, pro(its, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mo?tgaged as if spec;fically ut ferth snd dewibed in the granting and habe~dum clauses FKreof, and :uch Recciver shall have all the broad and eifective funcuons and powera in anyw~se entrustrd by • Court to s Receiver, and such sppoiotment shall be made by such Cou~t ss an admitted equiiy and a matter of absolute righ~ to said MORTGAGEE, and without reference to ths adequ~cy a insdequscy of the value oi the p~uperty mortg~ged or to the soivency a insotvency of said MORTGAGOR o~ the defcndantt, and that such renrs, profia, income, issues and revenues shall be applied by such Receiver accordiny to the lien or equify of taid MORTGAGEE a~d the practice of such CouA. 8. To duly, promptly and fully perform, diuharge, execute, efiect, mmplete, comply wi~h and abide by each and every the stipulations, agreemcnts, conditans and covenams in said promiuory note and th+s mortgage set f«th. 9. That in the evero the ownership of the mortgaged premises, a any part thereof, becomes vested in s person othe? than the MORTGAGOR, the MORTGAGEE, its successo?s and sssigro, may, withovt notice to the MORTGAOR, deal with such successor w succeasw in interest with refererKe to this mo.tgaye ~nd the debt FKreby secured in the same manner as with Mo?tgagor witFaut in any way vitiating or distharging the Mortgagors' lisbility he~r under or upon the debt hereby secu~ed. No sale of the premises htteby mortgaged and no fwbearance on the part of the MORTGAGEE or its svccesson ~ or auigos and no extension of the time for tlx payment of the debt hereby secured given by the MORTGAGEE w its successas or au~gns, shall operate ro relesse, discharys, modify change w afFect the orig~nal IiabJ~ty of the 1NORTGAGOR herein, either in whole w in part. • ~ 10. It is specifically sgreed that time is of the esunce of this contrad snd that ra waiver of tny obligateon hereuntler or of the obligation se- n,red hereby shall at any time thtreafte? be held to be a waiver of the terms hereof o~ of the inslrumem secured herby. I1. In add~tion to the forego:ng monthly paymrnts of princ"pD~ and interest requirod by the prom~uwy nore secured hereby, mortgagor covensnts ~ ar.d sgrees to pay to mortgagee with each mo~thly payment an addirional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the folbw- ' i ing: t A-All real property tazes levied or asxssed against the above described reat estate. ~ B-Premiums on firc and windsrorm insurance as herein requ~red to be carried on the improveme~h situate on the above described ptemises. . I C-Prerr.iums on such mortgsge 9uaranty insvrar.ce as mortgagee shall from t~me to time deem fit to carry on the {oan secured hereby. ; ~ Mortgagee shatl from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ; payabte on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mertgagor of a change in such ~ amount. Such sums shall be spplied by mortgagee toward the p+yment of real property taxes, insurance prem:ums, and mortgage guaranty insurance S c 3 ~ premiums. ~ ~ IN WITNESS VYHEREOf, the ssi MORTGAGOR has hereunto set his hand and seal the day and year first aforeasid. z ~ ' ed, aled ar+~,~eliver the of: i i ~ 0~ ~ ~ sq ~ _ ~s~,n ~ ~a4 ~ STATE OF FLORIDA $ t . j.L1C 1 @ ~ SS. COUNTY OF Befwe me penonally appeared QAlIICey Barr Helen Barr his wife, to me well known snd known to me to bs ~ the individwls described in and wFa executed the fortgoing instrument, and acknowledged befwe me that they executed the aams fw the purposes ~ therein e:p?essed. And the aaid Nelen BaZY ~ wife ot the said QulnCey ~jAY'2' , ~pon e xparate and privats ~ examin~tan by me takan separate and apart from Aer said husband etkrawkdged to end befwe me that she exetuted said instrumeM freely and volurr ~ tarily and w+thovl ~ryr compulsan, constraint, apprehension, or f~of w frc•i her said husband. WITNESS my h~nd and official seal this a~~ ` day of January A D. 19 68 ~ ^ d~ ~ O~~i ~ C Notary Publit in snd fw the S e Fbrida at Larye ~ My Commission expires: H~~9 ' ~ Retum To: " ~ first Feder~l Savings 6 losn Association : : ~ j f . . ; ~ Of fort P~erce. ~~4td:y YviM'c. ~.r~. . ~ 3 Fon P~~«a Florida FILEO AND RECORDEO My~ ~o°e',S~tQ",,,E„"~,r,e, ay:~r~.ary ~b~'`',~•r Z; . $T. LUCIE COUNTY. FLA. _ . ; RE.C0~0 VE~IFIED - --ti : ~ This inst~ument prepared by ~ ` ; First Federal Sav. & Loan Assn. . , . ; ~ ~ ~ ~ ~ o ort Pierce : ~ . - - # ~ B '68 JAM 26 ~M I ~ : 5 • - i ~ Y L~~~~~ . . . ~ ~ ~ i:0~•:_~' ~•OITR~S ' C~ERK CIRCUt7 COURT ~ ~ ~ - a~K !0 75~ . , -s ~ ` - 4 ~.?:~.r~~ ~ ~ ~ ~;`~~F._ -