Loading...
HomeMy WebLinkAbout2400 3. To plx~ ~nd continuouily k~ep on ~M buitdings oow or Mreaha sitvu~ oa aid land snd on ~Il equipmant and paionally covered by thii mwt~ ape, with ali premiu~ thereon pa~d in full, fire insu~a~c~ in thp usual ~tandard policy fam, ~n + ium approved by tM MORTGAGEE, and wind~tam G?su~ance in tM uiwl standard pol~q fam, in • ivm ~pproved by ~he MORTGAGEE, in such compu~y o~ comp+nia a tM MORTGAGEE m+y dirKlj and al) fir~ •nd wir?dsto~m insuranct polities on +ny of said buildinps. ~ny int~rt~t therein w part Ihereof, in tM ~regate wm aforssaW o~ In exua the~aof, thall contai~ the uiwl it+ndard mor~~agN clsuu or s~ch oth~ clauu u tM Mat~sge~ may requir~, makinp ths lou unda sud pol~ cia, each and every, payabls ro said MORTGAGEE ~a iq inte.est may ~ppaar, ~nd each a~+d ~very t~ch policy shall be promptly sss:gned and delive?ed to ~oy held by Hid MORTGAGEE ~s tunhe~ iecurity to s+id matyp~ debt, a~d, not leu than ten 1101 days in advsnce of the expiration of e+ch policy, to de- live? to said MORTGAGEE s renewal thereof, to9etht? with a receipt iw the prem~um of such renewalj and then ~h~ll be no fire o~ winds~o~m inivra~c~ pl~ced on ~ny of said buildi~gs, any interest therein o~ p+~t thereof, ~nles~ in the fo~en'~nd with tM lou paYSble as efores+id; and in 1M evtnt any :um ~ of mon~y becomes payable vnde~ such policy w potic~e~ said MORTGAGEE iAall Mve tM optan to r«eive and spply th~ s+m~ oe ucount o1 tM indcb~ed- ~ets secvnd Mreby or ro permit said MORTGAGORS to receive and us~ it w any part thereof fw other purposes, wi~hout thrreb~ waivi~y o~ impair- irg ~ny puity, lien w right under or by virtw of this mortpape; and in 1M ~vent said MORTGAGORS ahall fw any reason fail to keep th~ s~id premises w ~ inaured, w fail fo detiver promptly any of said po~it~ef of insursnte to said MORTGAGEE, or (ail promptly fo pay fully ~ny premium therefw or in ~ny respect f~it to pafam, discharge, e:ecute, effect, complete, comply with ~od ~bids by this covenant, w a~y part hareof, said MORTGAGEE may pl~ce and p~Y fw iuch intwance or ~~y part thereof without wahrinp or affactinp any optia~, lien, equity, w riyht vnder a by virtw of thii 1Nortyape. ~nd the full amount of each uid every s~ch payment shsll be immedi~tely dw aod psyabl~ and shall bear i~tere~i from tM date thereof vntit paid at tM rat~ of nin~ pe? ce~tum pet ~nnum and togNher with sucA interest ihall be secured by the lien of this ~nortgape. 1. To p~rmit, oommit w suffer ~o waste, impairment or deterior+tion of said property w+ny put thereof. 5. To pay all +nd singular the ~costs, chsrges ~nd expenses, including s reasonable sttuney i fee and wits of sbstracts of tit(s, incurred w paid at ~ny time by said MORTGAGEE, beca~se or in the event of the failure on the pa?t of th~ said MORTGAGOR to duly, promptly ~nd fully periwm, d~uha~ge, execute, efiect, complete, comply with aod ab~de by each u+d every 1!x stiputations, +greemen», cw~ditiora. and covenants of said promiswry note and thw mortga~e ~ny or either, and sa~d costs, charges and expentes, each and evcry, shall be immediatety due and payablr, whethe~ a ~ot there be notice de~ m~t~d, attempt to colled ot suit pending; snd ths futl artwvnt of Nch ~nd every suth payment shall bear interosl ftom the date thereof until paid ~t tF+e rate of nine per «ntum pet annum; and all taid costs, charges and expenus inturred w paid, fogether with svch inleresf, ihall bs sxurad by tM lieo of tha : mortp~ge. ' 6. TFWt (a) in the event of sny bre~ch of this Matysge or default on ths part of the MORTGAGOR, or (b) in the event +ny of sa~d svms of money herein referretl to be not promptly and fvlly paid within thirty (30) days next after the same uve.atly become due snd payabte, without demand or rwtice, w(c) in the evcqt each ~nd every the stipulations, s9reements, co~d~tions and covenann of sa~d promissory note snd tn~s mortgage any a ei~her are not lvly, promptly and fully ~crfamed, d~scharged, executed, eifected, completed, compl~ed w~th and abided 5y, then in e~~her w any such ewm the said ag presate wm menta~ed in said promissory note then remaining vnpaid, with interest acuued, and all moneys xcured hereby. :MII bccome due snd pay- able forthwith, a thereaiter, at the option of said MORiGAGEE, ss f~lly and completely as if all of the said sums of money wera ai9inally ttipulated ' ro be paid on such day, anything in sa:d promissory note a in this AAwtgage to the contrary notwithstanding; and thereupon w thereafter at the option of 1 said MORTCaAGEE, witho~t notice w demand, su+t at law a in equity, therefore w theresfter begvn, may be prosccuted u if all moneys secured 1?ereby ~ had marured prior to ~1s instirution. 7, That in the event that ~t the beginning of or at any time pending aoy su~t ~pon this Mwtgage, o? ro fweclou it, or to reform it, or to enforce payment of any ciaims hereunde?, said MORTGAGEE shall apply to the Covrt having jurisdrction thereof tw the appo~ntment of ~ Receiver, wch Cour~ shall I futiiw:th appoint a receiver of said mortgaged property all and singvlar, includ~ng all and singular the income, pro(its, issues and revenues from whatever source derived, each and every of whKh, it being expressly understood, is hereby mor~gaged as if specifically ut ia~h and described in the g?~nting a~+d Mbendum cl~uses hereof, and such Receiver shali have atl the brwd and effective fu~ct~ons and powe~s in anywise entrusted by a Court to a Receiver, end tuch appointment shall be made by such Court a: an admittcd equity snd a matter of sbsolute right to said MORTGAGEE, ~nd without reference to the adequacy w in~deqwcy of the value of the property mortgaged w to the sotvency w insolvency of said MORTGAGOR or the defendan», and that such ' rents, profin, income, issves and revenues shall be appl~ed by tuch Receiver according to the lien ot equity of said MORTGAGEE and the practice oi such ~ Co~ut. 8. To dvly, promptly and fully pe.fo~m, dixha?ge, execute, effect, corr.~lete, comply with and abide by each and every the stipulations, agreements, conditions and co~ensnts in said prom~ssory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a penon olher than the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with reference to this mortgsge snd the debt hereby secured in the same manner as with Mortgaga without in any way vitiating or diuharging the Nlortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors a+uigns and no ex~ension of the time for the payment of the debt hereby secured given by the MORIGAGEE or its suctessas o~ auigns, shall operats ? fo release, discharge, modify charc9e w affett the orginal liab~lity of the MORTGAGOR herein, either in whole w in part. i 10. It is spec~fically agreed that time is of the esxnce of this contract a~d that no waiver o! any obltgarion hereunder a of the obligstion se- ; tt;red htreby sAall at any time thereafter be held to be a waiver of the terms hereof w of tht instrument secured herby. ~ 11. In add~tion to the forego:ng monthly payments of princ"p~l and interest requ~red by the promissory note secu~ed hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monrhly payment an add~rional sum esrimated by mwtgagee to be equal to 1 f 12 of the annual cost of thr fol{ow- i~g: A-All real property faxes levied or asussed against the above descri6ed real estate. B-Premiums on fire and windstwm insurance as herein requ:red to be carried on the improveme:+n situate on the above described p~emises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to carry on the loa~ secured hereby. Mwtgsgee shall from time to time notify mortgagor in writing of the amount due and payabte hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a charge in such amount. $uch sums shall be applied by mwtgagee toward the paymcnt of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. W TNESS WH Of the said MORTGAGOR has hereunto set his hand and ual the day and ye~'fi~ afo id. i in tl~e esence of: 3 _ ' ~ ~ ~ ~ ~ ~ • - . ~~n - ~ . ~ _.:2'LC.~ ~ - /.~~c.. ~ n ~q n-+~ STATE Of FLORIDA 1 couNn oF Saint Lucie ~ u- Before me penonally appeared John C• SCO'tt ~ Jr • hiary Gray Scott his wife, to me weil known and known to me to be the individvali dewibed in and who exetuted the fwegarg instrument, and acknowledged before me that they exetuted the same fw the pvrposes ? therein expressed. And the said Aiary Gray Scott wife ot the said John C• SCOtt~ .JI • upon a scps.ate and priv~t~ e~csminstion by me taken uparate and apsrt from her said husband, atknowledged to and before me that she executed said instrument freely and volurr farily and without ~ryr compulsion, constrainf, spprehension, fear of w from her wid huiband. ~ WITNESS my hand and official uat this c~_~~ day of ~`•arch 'a p 1968 , .t[ ~.CZ : Notary Public in and iw the St~te of Florida at larye My Commiuion e:pires: /Q-~/-7~ Return'To: Finf Feder~l Savings 3 Loan Associafion ~ or Fo.~ P;e.«. FILED ANO RECORDED~ S'i', ~_UCIE CCl1t7TY. FLA. rOT~ftY ~UBLIC. iTAiE ~f iL040A At l~ d:.E Fort P7erce, florida ,~~,i;r, `;r^'"t=!~ MoNp~MMRO a~N?wcoRwSoCs~T uMUa~s ~ v..i?{ 1649s4 ~ ~ ~ I This instrument pfePaied bY 7 L.• i First Eederal Sav. & ~oan Assn~68 f~.GR 6 ~ IQ • , ' ~ ~i~ 1f1:}r?•~ j of fort Pierce dZ~~ ~ . ~ ~ J. Collins ~~'i~''"'_ , ~~g " - _ By ; . ; r _ : ~ OURT - p'F' ' CLERK CIRCUIT C ~•.slr: +:~V " ..j ~ • ~ R ~'~/!~t.l~'~~~, BOOK ~ PAGr - ck ~ ~~~0 '''I / ~t'1'•,, ~ ~ - - - _ - ; ~ . ` : , - - - _ _ - - - - - ~ v 3 rs ~ 5~~ ~`~Sy'~. ^~-L°s.~~ _ _ -