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HomeMy WebLinkAbout3002 To plac~ and continuously k~ep on ~he build~ng~ now o~ hereafter situ~ts on sa~d land ~nd on all cquipment ~nd penon~lly tovered by thit mwt~ ~g~, with dl p~emiunts thereon p~~d in iull, fire insur~na in the uiual sur~iard policv fo~m. jn + tum approved by the MORiGAGEE, and windstwm insuranc~ In tM ususl i~~ndard pol~cy fam, in a i~m approved by the MORTGAGEE; in ~ucA company a compan~~i u tM A10RTGAGEE m~y dir~dj ~nd all fire and wind»orm in~urance po~~c~et on +nY o( said b~ild~n~s, a~y intere~t therein w pa?t thereof, in tM ~ygre9~re ium ~fwesaid o~ In exceu ~hereoi, ~hall contain tM ui~~l ~ta~dard mor~gagee clauie w iuch o~he. clau~s ~i ?M Mwtgagee may reqvir~, m~kinp tM loss unda uid poli- cie~, txh and ~very, p~yable ro iaid MORTGAGEE as i~i interett may appear, and each snd every svch policy shall be promptly ~is:qned ~nd delivered ~o ~ny heW by ia~d MORTGAGEE ~s further ucurity to ~~id ma~page debt, and, e+ot leu ~Mn ten (10) days in advance of the ~xpi~ation of each policy, to da I~ver to i+id MORTGAGEE • renewat thereof, togetMr with a rece~p? fw the prem~um of :vch renewal; and there shall be no flre or wind~to~m i~s~ru+ce pl~ted on +ny of uid buildings, +ny interes? thereirt a put thereof, unleu in the iorm'and wi~h the lou payable a~ afwesaid; ~nd in the event any tum of mon~y becom~~ pay+bte under iuch policy or policies said MORTGAGEE shall h~w ~M option ro receive and apply tM san+~ on account ol the lndebted neu secur~d hereby a to permit said MORTGAGORS to ~cceive ~nd use it o~ any part thereof for othe? pu~poses, wi~hout thartb/ waivi~g or lmpair- iny ~ny pu+y, lien w riyht unda or by v'utue of thii mo:s9age; •nd in ~he event ia~d MORTGAGORS ahall for a~y reason fail to keep the ~aid premise~ so insured, w iail to deliver p~omptly any of ssid po~itie~ of insursnca to said MORTGAGEE, w fail promptly to pay fully any p~emium the~efp w in any respect fail to psrfam, discharge, execute, effecf, complete, comply wi~h and abide by this co~enant, w•ny part hereof, said MORTGAGEE may plsce and pay fw such inwranc~ w ~ny p+n thereof without watvinp or affedin9 any optioe+. lien, equ~ty, w rigM under w by virtw of this Mortga9e, and the full ~moum of ~ach and every i~ch payment thall be immediately dw and p~yabls and shall bea~ interest from ths dst~ thereof umil paid a1 1M rat~ ol nine pa cmtum per annum and togNher with suth interest shall be secured by the lien of thii mortgage- 4. To permit, oommit ar suffe? no wsste, imp~irment a deterioraYwn of said p?operty o? +ny part thereof• 5. To pay ~II and singular the.cost~, charpes ~nd expenses, ~ncludin~ a reasonable at~wnry's fee and costs of abstrads of title, incur.ad o? paid at any time by said MORTGAGfE, because or in the event of the failvre on the part of the taid MORTGAGOR to duly, promptly and f~lly perform, diuharge. execute, effett, complete, comply w~th and ab~de by each and every the stipulafions, +greemenn, condi~ions, and covenants of iaid promissary note and rhii matgage any ot either, and ~a+d cosrs, chsrges and expentes, each and every, sh~ll be immed~ately due and p~yable; whether a not there be notice ds msnd, attempt to colktt w suit pending; and the full amov~f of each and every s~ch paymeM shall bea. interest from the date thereof until paid +t the ; rafe oi nine per centum pcr arnium; and all said costs, charges and expenses incurred w paid, together w~th such interest, thall be secured by the lien oi thu ~ mortQaye. A. TMt j~) in the evcnt of any breach of this Mortgage or default o~ the part of the MG~TGAGOR, a(b) in the event any of aid sums of money herei~ referred to be not promptly and fully paid within thirty (30) days next after the same severatly betome due and payable, without demand or notice, or in tAe evMt each and evcry the stipulations, a9reements, conditions and tovenants of sa~d pranisaory note and th~s mortgage any or eithcr are nuf iu1y, promptly ~nd tully performed, diuharged, executed, effected, completed, comp~~ed with and abided '~y, then in eit!?~r w any such event the said ag gregate wm mentioned in said promisiory note the~ remaining vnpaid, with interest accrued, and all moneys sec~red hereby, shall become d.ie and pay- able fathwith, or ~hereafter, at the option of said MORTGAGEE, as fully and comp~etely as ii al! o.` ~he said sums of money were wginally ttipulated to be paid on such dty, anything in said promisso~y note w in this Mortgage to the conlrary notwithstanding; and thercupon or thereafter at the option of said MORTGAGEE, without notice or dcmand, suit at law or in eqvity, thereFore or thereafter begun, may be prosecuted as if dl moneys secured hereby had matured pr~or to its institution. 7. That in ths event that at the beginning of or at any time pending aay ~su~t upon this Mortgage, w to fo~eclose it, o? to reform it, or to enforp payment of any claims hereundrr, said MORTGAGEE shall apply to the Coun having jur~sd~a~on thereof fw the appo~ntment of a Rcceiver, such Court shall fortFiwith appoint a receiver of said mwtgaged property all and singular, intlud~ng all and s~ng~!ar the income, profits, issues and revenues from whatever wurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically se! fath and dewibed in the granting and habendum tlsuses hereof, and such Receiver shall have a!1 the b.oad and effective funct~ons and powcrs in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equ~ty and a matter of absolute right to said MORTGAGEE, and without reference to the edequaq w ioadequacy of the value of the property mwtgaged or to the sotvency or insolvency of sa~d MORTGAGOR or the defendants, and that such rents, profits, incane, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by eac~and every the stipulations, agreemenis, conditio~s and covenants ~n sa~d promissory note and th~s m«tgage set fwth. ~ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in inte~est with reference to this mortgage and the deb~ hereby secured in the same manner as with Mortgagor without in sny way vitiating or discharging the Mortgagors' liability hcre- under or upon the debt hereby secured. No sale of the premisss hereby mongaged and no forbearance on the part of the MORTGAGEE w its successors or assigns and no extension of the time for the payment of lhe debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the orginal liab~lity of the MORTGAGOR he?ein, eithtr in whole or in pa~t. 10. It is specifically agreed that time is of the esxnce of this contrad and that no waiver of any obligat~on hereunder or of the obligation st c~red Fxreby shall at any time thereafter be held to be a waive? of the terms hereof or of the instrument secured F?erby. I1. In add~tion to the forego:ng momhly payments of princ"pD~ and interest required by the prom~ssory note secured hereby, mortgagar tovenants ; and ag~ees to pay to mortgagee with each monthty payment an addirional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taaes levied or assessed against the above described real estate. ! 8-Premiums on fire and windstorm insurance as here~n requ:red to be carried o~ the improveme~ts situate on the above described premises_ ~ C-Premiums on such mwtgage guaronty inwrance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. . ~ Mortgagee shall from time to time ~ofify mortgagor in writing of the amount due and payable hereunder and such svm shall thereupon be due end ~ a able on the due date of the next monthl a ment and each successive month thereafter ur,til mort a ee shall notif mort a w of a cha FY YPY 99 Y 99 ~geinsuch E amount. Such sums sha!1 be applied by mortgagee toward the payment of real property tazes, insurante p~em:ums, and mortgage guaranty insurance premiumf_ ' s IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a r firsf a asa' . f aled and_dflivered the e nce of: d ~ _~~1_ ~ /~~v_ ! i~ € ~ ~ ~~a~ £ ~ / ' (Sea4 ~ ' ~ (Seaq STATE OF FLORIDA 1 g COUNTY OF Saint I.11C1@ i . ~ Before me perwnal{y appeared Jerry J. Healey and Katherine f•1. Healey, his wife, to me well known and known to me to be ~ the individvsls described in and wFw executed the fue9ang instrument, and acknowledged befwe me that they executed the same for the purposes Katherine ~t. Healey ~ therein expresxd. And the said s~ wife ot the said Jerry J. Healey upon a xparate and private ~ examinstion by me taRen separate and apart from her said husband, ackoowledged to and before me that she executed said instrumeM freely and vofuo- tarily and without any compuls'an, constraint, apprehens' r fear of ot from her said husband. ~ WITNESS my hand and official seal thi~ day of ~~arch A. D. 19 ~8 Notary Public in and for the State of Florida ~t large My ~'.ommission expires: '~~2~ ~,7~ Return io: - First federal Savingi 3 loan Associat~on . FlLrl: '='_~:~(.t?~:~ARY PUt3lIC, STATE Di FLtiGt'oA dT LT~ ~ ~ Of fort P~erce. F~L,~Q}I(~ND E~E~R'~~*IAY.COhv..~~510N f~(PIRES NOV. Z6, ~q7~. LUCI~ CQU~~TY. t' ONDED iMR~lUHp FREO M~. D~E8TG~M~~• `~3 Fort Pierce, Florida ST. . ~ ~ . ;i: ~ , ~nt prepared by _ ~ss~`,'~ ~ . = Th+~ in: tnu-~ . . . . ti - ` . fe' r~l F: L~~~ l1~sh. 68 ~ i~_ r~.., _ Fir$t ~ P?~'cz ~ h~AR Z~ P~'I Z ~ i' - Oi fJil - f-' By D . C • • • : • ' 'l''Ll . ''~c;' ~ _ t•.:Lc::s~ ~0',i~11:;3R4$~ . _ ' ~•.c ~ CL~RK CIRCUIT COURT ~Y . . 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