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HomeMy WebLinkAbout1280 3. To plac~ ~nd continuou~ly keep on the buitdings now or here~ttN s~tust~ on said f~nd and on ell eq~ipmenl and p~nonally cov~rsd by thi~ mwty~ ay~, with ~ll premiunri theraa~ paid in full, fire insurance in the us~al sundard polity form, jr? a sum ipprovtd by tM MOR[GAGEE, ~nd winditam ir+suranc~ in tM uiwl t~andard pol~q fam, in • sum ~pproved by ~he MORTGAGEE, in such company or camp~niea as th~ MORTGACsEE may directi +nd all (ire and w~~ds~orm insurance policies on any o! ssid buitd~n9f, any interest therein o~ p~rt thprtof, in tM ~ggreg~te tum ~forttaid Or In ~aceu thereof, ihall cont~in the uswl s~andard mo~tga9~e clsuse o~ such oths~ tla~a af tM Mortyage~ may requu~, m~kinp tM loss unda said po~~ cia, each and every, payable to ssid MORTGAGEE as its interci~ may ~ppcar, +nd esch and ~very s~ch policy ihall be prompUy +i::qned and detivered ?o ~ny hetd by sa~d MORTGAGEE as furthe~ security to ssid morrgage debt, snd, not less th~~ ten (10) days in advance oi the expira~ion of each polity. to da liva to ssid MORTGAGEE a.enewal thereof, togethtr with a rKe~pt for the pranium of suth renewal; arrJ tFx~~ shall be no fus w winditorm insurant~ pl~ced on any of said build~ngs, ~ny intcre~t tMre~n a par~ thereof, unleu in the torni ~nd w~th ~h~ loss paysble as afwesaid; ~nd in the eve~t +ny sum of mon~y becomes payable under such policy a polkies said MORTGAGEE shall haw tM op~~on to receive and apply the same on +ccount o~ the indebted~ ~u secwed hereby w to petmit said MORTGAGORS to receive and ua~ it p any part thereof for othcr purposes, w~ihout th~reb/ wai~i~,g a~mpair- inp ~ny equ~y, lien a ~ight unda a by virtue of this mor:gags; ~nd in the event ~a~d 1NORTGAGORS shall fa any reawn fail to keep tM said pr~misa w insured, w fail to deliver promptly ~ny of said policies of insunnce to aid MORiGAGEE, or fail promptly to p~y fully •ny p.emium the~efw w in sny r~tpect fail ?o pafocm, discharge, execute, efied, complete, comply with and abide by this tovenant, a any part hareof, said MORTGAGEE may pl~te and pay fw iuth irtswant~ a any p+?t thereof without walvinp or affettinp any option, IiM, equ~ty, w righl under a by virtw of this Mort~a~e, and tht full amo~m of e~ch u+d every such psyment sMll be immediately dw and paysble and shall bear iMc~ei1 from the dat~ thtreof u~til paid a~ tM ra» 01 nins per centum per annum and to~cther with such interest shall be secured by the lien of this Inortgage. To permit, commit or wffe~ no wsste, impsirment a deterioratan of uid prope~ty w any pu1 thereof. S. To pay all and singula? lhetosts, charges ~nd eapenxs, includir,~ a reasonable attwney i fee and costs of abstrstts of title, incurred o~ psid ~t any time by sald MORTGAGfE, becaus! a in the event of the failu~e on the ps?t of the said MORTGAGOR to duly, promptly and fully perform, d~scharge, execute, eftea, comptere, comFly w~th and ab~de by each and every tix stipulat~au, ~grecments, conditions, and covens~n of sa~d promissory note and this mwtgage sny a either, and said costs, charqes snd expentes, each and every, shatl be immediately due and payable; whether or not there be notice da m~nd, sttempt :o colkct w suit pending; and the f~ll smovnt of each and every such payment shall bea? interest from the date thereof vntil paid st thc rate of nine per centum per annum; and all said cdsts, charges and expenus incurred w paid, together wi?h such interest, shall be sacured by tM lie~~ of thi~ mat9a~e. e. ihat (a) in the event of ~ny breach of this Mortgage or default on tM part of the MORTGAGOR, w(b) in the event any of sa7d :ums of money herein referred to be oot prompny ~nd fully paid within th;rty (30) days ne~et afeer the same severally become due and payable, without demand or notice, w(c) in the everp each and every the stiputations, sgreements, conditions and covensnts of sa~d p.omiuory oote and th~s mortgspe any a either are r?a ~ly, promptly and fully perfwmed, d~uharged, execured, effected, completed, complied wi~h and ab~ded by, then in e~ther w any such event the said ag prasat~ sum mentioned in said promiuory note thc~ ~emaining unpaid, with interest acuued, and al{ moneys secu?ed hercby, shall become due and pay~ •ble forthwith, u thereafter, at the option of sa~d MORTGAGEE, as fully and completely as if all of the said sums of money were originelly ftipufated to be paid on s~ch day; any~hing in sa~d promisswy note w in this Matgage to the contrary notwithstand~ng; and thereupon w thereaftet at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafrer begun, may be prosecuted as if all moneys secvred he~eby had matured pnw to in institution. 7. That in the event that st the begirtning of or at any time pending aoy suit upon this Mortgsge, w to foreclose if, or to refwm it, or to enfo?cs psyment of any claims hc.eunder, said MORTGAGEE shall apply to the Cou?t having jurisdiction thereof for the appomtment of a Receiver, such Court shall fortFiwith sppoint a receiver of said mortgaged property all and singutar, includ~~g all and singular the income, prolits, issues and revenues irom whatever source derived, each and every of whKh, it be~ng expressly understood, is hereby mortgaged as if tpeu(icalty set iwth and desu~bed in tF?e g~anting snd habendum clavses hereof, and such Rcteiver shall have all the broad and effecrive funcnons and powers in anywite entrusted by t Court fo s Receiver, and •uch appointment ahall be made by such Court as an admitted equity and a mattcr of absolute r~ght to isid MORTGAGEE~ - a4d. v~irlwut reference to the adequacy a i~sdequacy of the value of the property mor~gaged or to the sotvency or insolvency of said MORTGAGOR a ~he-'il~fendants, and that such re~n, profits, income, issues and revenues shall be applied by such Receiver atcording to the lien w equity of said MORTGAGEE and the practice of such Coutt. 8. To duly, promptly and fully perfwm, dixha?ge, execute, effett, complete, comply with and abide by each and every the stipulations, agrcements, conditions and covenants in sa~d p?omissory note and this mwtgage set fwth_ 9. That in the event the ownership of tF~e mortgaged premisa, w any part thereof, becomes vested in a person other than the MORTCaAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal wifh auch successa w successor in inferest wi~h refcrence to this rtqrtgsge and rhe debt hereby secured in the same manner as with Mortgagor w~tFaut in any way vitiating w distharging fhe Mortgagors' liability f?err undcr w upon Ihe debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on ~he part of the MORTGAGEE a its successon or assigns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws o? auigns, shall operate fo release, d~xharge, modify change or affect the orig~nal liabil~ty of the MORTGAGOR herein, either i~ whole w in part. 10. It is spec~ficalty agreed that time is of the euence of this contrad and that no waiver of any obllgatan hereunder a of the obtigaYan sr cured hereby shall at any time thereafte? be held to be s waiver of the terms hereof w of the instrument secu.ed herby. 11. In add:fion to the forego:ng monthly payments of princ"pa~ and interest required by the prom~ssory note secu?ed hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthiy payment an add~rional sum est~mared by mortgagee to be equal to 1/12 of the annual cost of the follow- 'rg: A-All real property taxes levied or assessed agai~st the above described real estate. B-Prem~ums on (~re and windstorm ins~~ance as he~ein requ~red to be carried on the ~mproveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby_ Mortgagee shall from time to time notify mortgagor in writing of the amount d~e and payable hereunder and such sum shall thereupon be due and . payable on the due date of the next monthly payment and each successive month thereafter ur.til rtwrtgagee shall notify mortgagor of a change in such smount. Such sums sh.all be applied by mortgagee toward the payment of real propeny taxes, ins~rance prem:ums, and mortgage guaranty insurance premiums. IN WITNE WHEREO the sai MORTGAGOR has hereunto set his hand and seal the day and ear first afwesaid. Siyned, iv presence of: - ~ 'i •n . ~l - , ~t _ _ L cr~.._ t . ~seaq t~~q STATE Of FLORIDA ~ ~ ~ C~~ ~F Saint L,ucie ~ ~ Befwe me personall appeared ~J1111aII1 L~ . Kaeslin Viola ri. Kaes~in, - his wiie, to me well known and known to me to be fhe individ~als described i~ and who u~d t~ fo~e~ilrn~or, and acknowledged befwe me that they executed the same for the purposes ~i`ola • ' theroin expressed. And,tj?s~yi lalR . aes lA W1 1 , wife ol the said ~tpd+? ~,~s?ate srid~.privste exsmination by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted ~i~~n}itQment {rtsly a++d yolun- bnly and without any compulsion, constraint, apprehens=on w fear of or from her said husband. ~ r-' : • ' WITNESS my hand and official seal this day of February ; -°a" ~ p.-D. ;19~8 • j.' ~ _ . _ Notary Public in and fo? the ,5ta~b ~f ida ~Y'i'lrys , My Comm~ssion expires: ~i~ ' ~ Return•To: . „ _ Fint Federsl Savirgs a~oa~ n~~~a,,o~ FILEO AN~ RECOROED? ' Oi Fort P]erce. ST. LUCIE COUNTY, FLA. ~ MOTAR~ ?YBUC STA7E OF fLORIDA Ai 'L'•K,.~. Fort Pierce, Florida ^(?qr~ MY COMMISSION EXPIRES OCT. 11, 19)~ OONDED THROUGH FRED W. DIE9TELMdRST T~il$ {nSli!litl~i'{ !`f~4!Pf~ / ~A Y' ' ~ ` (j Z First Fe~e~~! ;'a~~. k L~~.n ~s:a. 6e x ~ Os ~ ~ Of F~~i i P~c.'C° ' ~ sy r. ~~~.,~-4~~~ - ~1, C~ERK CIRCUIT COURT ~ ck - ~ 800K~ IQ PACE12~6' ~ - _ , - _~t~.. ~w ~ , ~ . - .