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HomeMy WebLinkAbout2565 To plu~ and continuously k~ep o~ the buitdin~s naw or h~reaft~r utw» oe~ sa~d I~nd and on alt equipment and personally covaed by thi~ mat¢ spe, with all premiv+r~ ~hereon paid in full, fire insuranc~ i~ tM usual standsrd policy fwm, a ium appro~ad by iM MORTGAGEE, •nd windttorm insu~ance i~ tM vtual ~tandard polccy tam, in ~ fum ~pprov~d by tM MORTGAGEE, in ~uth tompany w companies a~ tM MORTGAGEE may d~rectp and +11 fir~ and windstorm iruvranc~ policiet on any of ssid build~nys, ~ny interesl therein or part thereof, in tl+~ a99rey+~~ sum afaei+id or In ~xceu ~hereof, sAall contain ~M usual st~ndard mortpsge~ c1su~~ or such o~her clauu +s tM Mortgagea may rpuirs, m~kirg ~M lou unde~ said poli~ ciss, ~ach ~nd every. psyabt~ ro ~aid MORTGAGEE ss its inte~ESt may ~ppear, +nd each and every iuch po~~cy sh~ll be promptly ~u:pned and delivered ~o •ny held by said MORTGAGEE ~s i~rthar security to said mortps~e deb1, a~d, not Iru tMn ten (10) days in advance of the expiration of each policy, to d~- ~ ~~ver to i~id MORTGAGEE s renewal thereoF, toyetha with • reteipt fo~ the premium o} tuch renewal; and there thall be no iirs or winds~o~m In~vrance plsted on any of taid b~ildings, ~ny inte~eit therein or psrl thertof, unless in th~ fonri ~nd with the loss payabte as afaessid; ~nd in the event any sum of mon~y becomes p+yabls under such policy o~ policies said MORTGAGEE sha8 Mw the op~~on to receive and apply tM same on +:covn? o~ tM indebted- neu secvred Mreby w ro permit iaid MORTGAGORS to receive and use it or any pa~t thereof for ofher purposes, wi~hout ~h:reb~ wsiving or ~mpair- ~ ing any puify, lien w ri~ht under u by virtw of this mo:t9s~e; ar+d in tlN event said MORTGAGORS shall for ~ny reawn fai) fo keap the s~id premius w iniured, w fail ro delive~ promptly ~~y of iaid policies of insursrw to aid MORTGAGEE, a fail promptly to pay fully sny premium therefor a in ~ny reipect f~il to p~rf«m, discharge, execvte, effed, complete, comply wirh and ~bide by thit covenan~, w anY part hereof, said MORTGAGEE may pl+ce and ~ paY fa ~uth iniurants w a~y p+?t thereof without..v?+hriay or affectinp a~y optioe, liee, equity, w right unda a by virtw of thi• Mort9s~e. ~nd the full amount of e+ch snd ewry such paymer?t shall be immedi+t~ly dw ~nd payabi~ and shall bear inte~est from ths date thereof until paid a~ th~ ~ate ot ~ nine pN tent~m pe~ annum and together with sutA inte~est shsll be secured by the li~n of this mortg~ye. ~ 1. To permit, oommit or sufier no waste, imp+irment or deteriorstion of said property or any p~rt thereof. ` S. To pay ~II and sin~utu the <osts, charQes ~nd expenses, includin~ s reaion+ble attorney'~ fee and wsri of abshatri of title, incurred a psid at ~ any lime by said MORTGAGfE, betaus! or in the event of tM fail~re on the p+rt of the ssid MORTGAGOR to duly, p~omptly ~nd fully pertwm, d~uharge. exec~te. tf(ed, comptete, comply with and abide by each snd every the itipulatiwu, +greements, taditions, and covenants of iaid promissory note and this 0 mortgape +ny or e~~he~, snd said costs, ch~rges and expsrnes, e+~ch and every, tMll be ~mmediately due and p~y~ble; whether a r+ot tl+ero be notica da ~ mand, atttmpt ro colkct or svit pend~ng: and the full amount of each ~nd tvery svth payment shall bcar intercst from Ihe date thereof until p~id at the j rate of nine per centum per an~ium; and sll said c5sts, chsrges and expenaes incurred or p~id, together w~th such interesL sMll be secured by tM lien of this mortpape. e. That (s) in the event of any breach of this Mortga~e or default on tFr part of the MORTGAGOR, or (b) in the event ~ny of ssid sums of money herein ~eferred to be not promptly and fully paid wirhin thirty (30) days nexl after the same uveralty become due and payable, without dema~d or notite, : or (c) in the event csth snd every the stipulations, agreements, tonditions and coven~nn of said promissory note and th~s mwtgage any w e~the~ +re not 'l iuly, promptly and fu11y perfwmed, d~uharged, execvted, effected, completed, compGed with and abided by, then in elther or any such eveM the said a~ 1 yrrg+t~ wm mentaned in s~id promissory note thcn remaining vnpaid, with inrerest sccrued, and all moneys sen.:~d hereby, ihall become dw and p+y~ ~ abla forthwith, w thereafter, at the option of said MOStTGAGfE, ~s fully and completely as if all of the said sums of money were originally st~pulated to be paid on such day, anything in sa~d p?omissory ~+ote a in this Mortgsge to fhe contnry notwithstsndir?g; and ~hereupon or thereafter at the optan of said MORTGAGEE, without notice w demand, suit at law or in equity, thcrcfore or thereafter begun, may be prosecuted as if all mo~eys secured hereby had matwed prwr to its imtitution. 7. TMt in the event that at the beginning of or af any time pending any su~t ~pon this Mortgage, a to faecloss it, or fo refwm it, or to enforce payment of sny claims here~nde?, said MORTGAGEE shall apply to the Coun having ju~isdiction thereol fw the appoinemcnt of ~ Reteiver, such Cou?t sI»II ~ fortFiwith sppoint a receiver of uid mortgaged property ~II and singvlar, includ~ng •tl and singutsr tF+e income, prolits, iuues and revenues from whatever source derived, exh and every of wh~ch, it being expressly understood, is hereby mortgaged as if tpecifi~ally tef fat~ s~d described in tF?e g?anting and haberxlum cla~us hereof, and such Reteiver shall have all the brosd and effective funu~om and powers in an~twiu entrusted by s Gou(t,to • Reteiver, an~ ~uch appointment shall be made by s~ch Court as an admitted equity and s ma~ter of absolute rght t0 s~id MORT(3AGEE, ~nd witi~ut ~reference to tAi edequacy or in+deq~racy of the value of the property mortgaged or to the wtvency or inwlvency of said NWRTGAGOR a the defendanti, and that such renes, profiri, incwne, issues snd revenues shall be spplied by such Receivcr accwdin9 to the lien or equity of said MORTGAGEE and the pradice of such Court. 8. To d~ly, promptly and fully perfwm, diu!?arge, execute, effect, complete, comply with and sbide by each and every the stipulations, agreement~, conditions ~nd coven~ms in sa~d promissory note and this mortgage set forth_ ~ 9. That in the event the ownership of the mortgaged premius, or any part thtreof, becomes vested in a pcrson other fhs~ the MORTGAGOR, ths j MORTGAGEE, its successors and ass~gns, may, wifhout notice to the =~10RTGAOR, deal with such successw w wccessor in interest with reference to this mortgsge and the debt hereby secured in the same manner as with Mortgsgor witFaut in s~y way vitiating or discharging the Mortgagors' liability here- under w upon the debt hereby secured_ No sale of the premises hereby martgaged end no forbearance on the part of the MORTGAGEE w its ~uuessors or assigru and no extension of the time fw the paymem of the debt hercby secured given by the MORTGAGEE or its svctessors or auigns, shall operate to releass, distharge, modify change or aiftct the orginal liability of the N10RTGACaOR herein, either in whok a in ps?t. 10. M is specifically agreed that time is of the essence- of this contract snd that no waiver of any obligation hereunder or of the obtigstion se- a,red hereby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ' 11. In addition to the (wego:ng monthly paymtnts of princ'pDl and interest required by the promissory oote secured hereby, mwtgagor covenants and agrees to pay to mortgagee wilh each monthly payment an addirional sum eslimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-AO real property taxes tevied or assessed against the above described real estate. B-Prem~ums on fire and windsrwm insurance az he?ein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such matgage guaranty insurante as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due 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 ; amount. Such sums sh.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a:id mortgage guaranty insurance premiums. ; IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye first a(wasaid. ~ -~Sea and deliver ~n the p~esence of: : ~ ~ALQ~ ah ~ ~ a4 g ~ o ~ ~ .P~1'.avi."~.v rs.,n z f rs.~0 5 ~ STATE OF FLORIDA St. Lucie ~ ~ couNtY oF Before me personally appsared Leo C. lVeaver ~ Mildred L. Weaver his wife, to me wep known and known to me to be ~ rhe indirid~als described in end who executed the foregoirg instrument, and acknowledged before me that they executed the same fo~ the purposes ~ therein expressed. And the said ~~11C1rQ~ I.. weaver ~ wife of the said i.e0 C. Weaver upon a uparate snd priwt~ ~ examination by me taken separate and apert from her said h~sbarsd, acknowledged to and before me that she executed said instrumeM freely and volun- ~ rarily and withovt sny compuls'an, constraint, apprehension, o? fear of w from het said husband. WITNE55 my hand and official ual this 8th day of j' ~h _ a ~s 68 ~ ~~2~ No?sry Public in and fw t ut pf f ida at L~r~e - My Commission e:pires: ~~-~o-~ V Retum Ta Fint Feder~l Savings b toa~ /?ssoc~atcoo FILED AND RECORDEO ~ AoTARr . _ J . - Of Fort p,««. ST. IUCiE COU;=TY. FLA. MND p~13Slp ST~TE OF FtGR r.s fwt Pierce. Florida ' ~ • • ' ' E~ NFkP~RE NQy~ ?~~$~i ° W n.~~S~ ~97 165~"78 <<~:.. _ '68i~';R II AM10:37 ~ This insfrument prepared by O~ ~-u` ; : j = _ ~ ` { ~i first federal Sav. & loan As n ~ ~ ~ • ~ ~ ' ~ ~ M . ~ . - of Fort Pierce Sn~ ~LCRK CIRCUIT COUR7 . ~ Br ~_~o..`~ . 3 , ~ °R 2553 BOOK 1~O PAGE ~ . ~ l " ~ ~ _ _ ~ - , y ~ t., s~-v `.F"~ . . ~ . _