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HomeMy WebLinkAbout2307 3. To plsc~ +nd continuously k~ep on tM buitdings now w hereaf~a ~ituat~ on ssid land and on ~11 equipm~n~ ~nd ptnonally cov~r~d by thi~ mort~ ~ sge, w~th ~II premiunA thereon paid in full, fire insurance in the uiual standud policy fo?m, ~n • sum approved by the MORTGAGEE. ~nd windita~ : insuru~ce in the ususl stsndard poi~cy fam, ie? a sum approved by the MORTGAGEE, in iuch tompu~y w tompa^itt ~s 1M MORTGAGEE may dired; and all fir~ +nd w~nditorm insur~nce po~icies on anY of u~d buitdinps, any ie+ttr~st therein w part ther~of, in tM +9gr~+~~ ium ~fw~~a~d a ~xuss the~eof, ihall contain tM utwl standard mortg~yee clause w+uch other tlaus~ as tM Ma~y+g~e may ~equire. m~kinp ~M bu und~r said pol} ci~s, each ~nd ~vay, paY+ble to uid MORTGAGEE +a iti interest may ~pp~a~. and each and every ~uch policy shall be promptly su:9ned ~nd deliverad to any held by said MORTGAGEE ~s (ur~her security ro ~sid ma~ysy~ debt, a~+d, r+o~ leu ~M~ ~en (l0) days in sdvsnc~ of tM ~xpir~tion of each policy, to da I~ve~ to taid MORTGAGEE • renewal thereof, togethsr with a reteipt fw the pr~mium of tuch renewal; end the~e thall be ~o fire or windstorm insuranc~ pland on +ny of sa~d buildings, eny intereat there~n a p~rt thereof, ~nleu in the farn' and with ~M lou pay~ble as afw~~+id; +nd in the event any ium of money becomes payable under such policy w policies said MORTGAGEE sMll have tM oplion ro receivs snd apply tFa same o~ ~ccount o~ the indebted- neu iacvred hereby a ro permit said MOftTGAGORS to rcceive and use it w any part thereof for othe? purposes, wi~hout ~h-reb~ waiving o~ unpair- ing any equiy, lien w ~gh~ under or by virtw of ~his mwt~sgs; +nd in the went said MORTGAGORS shall fa ~ny reaion fail fo keep the s+id premiui so insured, w fail to deliver promptly ~ny of said policies of insunnce to said MQRTGAGEE, w fail promptly to pay fully any premium therefw o~ in ~nY respect isil ro perlam, d~scharge, execute, effed, complete, comply with and sbida by this covc~ant, a any part hereof, ssid MORTGAGEE may pl+ce +nd paY fa tuch insurar~c~ or +ny part thereof without walving or affectinp any option, ti~n. eqv3ty. or right unde+ or by vi~tw of this Mon9aye. and th! full amount of each ~nd ev~ry such payme~t shall be immediately dw snd p+y+ble ~nd sh~ll bea~ interes~ from ths dat~ thereof until paid N tM rat~ of , nine per centum pe~ annum and to~Nher with sucA interest shall br secured by the lien of this mort9+9e• ` s 1. To pennit, commit ot suffer no waste, impai~ment or deteriwation of ~id p~operty o~ ~ny parl thereof. ~ S. To psy atl snd sinyulsr the.costs, charges and expenses, including a reaso~able attorney's fee and costs of abstracts of title, incurred or paid a~ } any Yune by said MORTGAGEE, becavss or in ~he event of the failure on the p+rt of the said MORTGAGOR to duly, p~omptly and fully pertwm, d~uhargs. ~ axecute, effecf, complete, comply with and ab~de by each and every 1he itipula~ions, +greemenn, conditions, snd covenan~s of said promiswry note and this ~ mwtgag~ any or ei~her, +nd sa~d costs, cha~ges +nd experres, each and every, sMll be immediately due and payable; whether o~ not there be notke de~ ~ mand, attempt to collett or suit pending; and the f~ll smo~M of each and every suth payment sh~ll bear interest from the date thereof until paid at the ~ •~te of nine per centum per an~~um; and all said cos~s, tharges and expensei incurred or paid, together with such int~roit, shall bt secured by the. lien of thi~ i mortpsye. ~ A. That (a) in the event of a~y breach of tha 1Nortgage a default on ths part of the MORTGAGOR, w(b) in the event any of uid tums of money ~ herein referred to be not promptly and ful!y paid within thirty (30) days nex~ after 1he same severally become due and payable, wilhout demand o? notit~- ' or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promiuory note and th~s mwtgage any w e~ther are no~ ~ ~~dy, pranptly snd fully performed, d~scharged, e,eecuted, effected. compkted, compt~ed with and ab~ded by, then in e~ther w any such ev~m the said ag p~ egatt tum memioned in said promiuory note then remair.ing unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay- able fathwith, a thcreafte?, at the option of said MORTGAGEE, ss fully and completety aa if all of the said wms of money were wiginally stipulated to be pa~d on such day, anything in said prom~uory note w in this Mortgage to the contrary notwithstanding; and thereupon or lheroafter at the op~~on of said MORTGAGEE, witho~?t r+otice or demand, suil at law w in eq~iy, therefae or thereafter begun, may be prosecuted as if all rt?oneys setvred hereby had maturtd pno? to its institution. . ' i 7. That in the event that at the beginning of w at any time pending aoy svit upon this Mortgage, w to foreclou it, w td refwrn it, w To enfores payment of any claims 1+ereunder, aaid MORTGAGEE shall apply to the Cou~t having jurisd~ction thereof for the apppmtment of • Receiver, s~ch Cour1 shalf ; fortliwith sppoint a receiver of uid mortgaged property alI and singulat, includ~~g all and sirgular the income, profitt, iss~ies and revenves f~om whatever } wwce de?ived, each a~d every of wh~ch, it be~ng eapressly u~derstood, is hereby mortgaged ai if spec~fically set fath and dewibed in the ~ranting and $ habendum clsuses F+ereof, and such Receiver shall have all the brosd and eifeaive fvncnons and powers in anyw~se emrusted by a Court fo a Receiver, and ; such appointrt+ent shall be made by svch Court as an admitted equity and a matter of absolure right to wid MORTGAGEE, snd without reference to the ~ edequuy or inadequacy of the value of the p~operty mwtgaged or to the wNency or insolvency of ssid MORiGAGOR or the defendants, and that such rents, profiri, income, iasues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said N10RTGAGEE and the practice of such Court. 8. To dul•:, promptty and fully perform, discharge, execute, effect, comptete, comply wi~h ~nd ab~de by each and every ths stipulatio~s, agreem~ntt, conditans and covensnts ~n said promisswy note and thi~ mortgage set iwth. 9. That in the evenf the ownership of the mortgaged premises, w sny part 1Fxreof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with ivch successa w successw in interest with reference to this mortgage and the debt hercby secured in the same manner as with Mo~tgsgor without in any way vitiating w dixhargirg the Mort9agors' lisbility here- under or upon the debt hereby secured. No ssle of the prem~ses hereby mortgaged and no forbearante on the part of tF~e MORTGAGEE or ib sutcessora or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuors or auigns, ahall operate to releax, d~scharge, modify chsnge or afFect the orig~nal liabil~ty of the MORTGAGOR herein, either io whok w in part. 10. It is specifically agreed thst time is of the esunce of this contract and thst no waiver of any obYgaYan hereunder a of the obligation st 4 c~red hereby sMll at any time thereaher be held to be a waiver of the te~ms hcreof o~ of the instrumenl secured herby. ? . ; 11. In add'Aion to the fwego:ng monthty paymenta of princ'pa~ and iMerest rcquired by ihe promisso?y note secured hereby, morigsgor covenants ~ and agree~ to pay to mocsgagee with each monthly payment an add~rionsl sum esrimated by mortgagee to be equsl to 1/12 of the annual cost of the folbw- ing: A-All real property taxes levied or assessed against the above descriJed real estate. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeats situate on the sbove described premises. ' C-Premiums on such mo?tgage guaranty insurar~ce as mortgsgee shall from time to time deem fit to csrry on tF~e loan securad hereby. ~ 1Nortgagee shall from time to time notiiy mortgag~r in writi~g of the amount due and p?yabte herevnder and such sum shall therevpon be d~e and j payaWe on the due date of the next monthly payment and each successive month thereafter urtil mwtgagee shall notify mortgagor of s change in such ~ amovnt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante premiums. ~ WITNE55 WNE ~F, the u~d MORTGAGOR has hereunto set his hand and seal the day and year f' st aforesaid. ~ ned d liver in`the presence of: ~ _ ~n , ~ ~ cs~+n r~,q ~ (SeaO ~ ` ~ STATE OF FLORIDA ~ St . LLiC1Q ~ COUNTY OF ~ eefore me personalty appeared Otis A. Roc~ers a~ Florence M. ~OC~@t5 his w+fe, to me well known and known to me to be ~ rhe individwls described in +nd who executed the ioregoing instrument, and adcnowledged before me that they executed the same for the purposes therein exp?essed. And the said Florence ~1. Roners ~ w~t~ o~ rhe s+~d ~!tis Ro~ers P; ~ u s a~ate ~nd ~vat~ exemination by me taken separate and apa.t from her said husband, acknowledged to and befwe me that she exetuted said instrumeM freely and volun- ~ tarily and without aryr compulsion, constraint, apprehension, or fesr of or ~rom her said husbsnd. WITNESS my hsnd and official seal this ~-Q~ day of rCh A D. 19 68 ; ~ Notary P c in and for fhe State of florida at Large ~ My Co ission expires: Retum To: = ~tatC Of t!O(Ida at ~7t fint Fedcral Savings b loa~ Association ' 9~ Of Fort P~erce. ~ te~-,.~:is:ron Expres Aug. 6, 1971 r.: ` - ~ Fort Pierce, Florida , . - B~ndW iY J~ayric~A F$!~ ~ p REC~R~ED' . ~ ` t ~ ' FILE ~ E ~~uNTY. F~A• ~ - ST• l'L1 ~i;'~ ~%~i:;:-'c[~ This instrument prepared by ~ - ~ Federal Sav. - . ~ r 'I , ` & Loan Assn. . 164~~ • 28 of Fort Pierc - ` ' y ~ I • ~ ~ ~ ~ ,,.;f~•..... '6~ ~ ,,,/)9. ~ . ~ ::o:;'.~~ ,:oi~~:.s ~ 800K~ ~O PACE~~O EFtK CIi2CU1T COURT C~ `j, ~ s - - - ~ _ ~ ~ a ~ y~~~~ - ~ ~ _ ~ ~ - , ~ _