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HomeMy WebLinkAbout2748 . ? ' ? ` Z. To placy and conti~wovsly ke~p on th~ bu+tdie~pt now a MreaftK situats on said I~nd and on all equipment ~nd p~non+lly covK~d by 1M~ mort¢ p~, with ~II prtmivnA therson p~id in futl, fi~e insv.+nc~ in the uswl itandard poliq torm, ~e? a sum +pprov~d by tl+~ MOR~GAGEE. ~nd wir+dstorm insw~nu In Ur vwal ttu~da.d policy twm, in • sum ~pproved by the MORTGAGEE. in s~ch company a compaei~s a tl+~ MORTGAGEE nwy di~~~ and dl fd~ and windstorm iravrann policies a+ any of s+id build~~ys, any interest thsrein o~ put tMreof, in ~M +~yreqat~ wm afor~s~W or In ~zuss therwf, sh+ll cont~in tM uswl itandud mortgayN cl~use w:uch oti+a claus~ u tM Mortpa~N may requin. m+kinp the bu unda said poli~ cia. ~sch and ~very. p+Y+bl~ w s+id MORTGAGEE ~s its interest may ~ppNr, ~nd each ae+d eve+y s~cA poliq ihall be promptly su:~ned and delivered to ~ny Mld by s+id MORTGAGEE u furtha ssa+rity to said mw~ysye d~bt, snd, not I~ss tM~ tM (10) days in advanc~ of tM ~xpir~tion oi ~ach policy, lo d~- liva ro iaid MORTGA(3EE a renew~l thtr~of, topetFwr with • receipt for the pramivm of svch renewal; and thae shsll b~ no f'ue w windatam insu~u~t~ pl~ad on ~ny of s+id buiWinps, any intereq ti~~in a part ther~of. valeu in tM forn+'aod wi~h tM lou paYable ~s ~foresaidj ~nd in tM ~v~nt any s~m of n?on~y beca++a p~yabl~ wid~r wch policy o~ policies ~aid MORTGAGEE ihall Mw tM oprion to reuive and +pply tM ~an+~ on accam~ o~ tM indtbt~d- neu fecvr~d I+K~by o? ~o pKmit said MORTGAGORS to rtceive and us~ lt or ~ny part thereof for othe~ purposes, without thereb/ waiving w impair- ;np any pwty, IiN? a~iyht vnds~ or by virtw of this mortp+~r, u~d in tM ~vent aid MORTGAGORS sh~ll (or ~ny r~aion fail ~o keep tF+~ aid premises so ir?s~nd, w f~il b d~livH promptly u+y of said polities of inivnnce ro said MORTGAGEE, ot iail prompNy to pay fully any premi~m therefw p in ~ny r~spM fail b pKfonn, di~tMr~e, ~x~tute, ~ffect, complett, comply with ud ~bid~ by this covenant, w any part hereof, said MORTGAGEE msy pl~c~ +nd paY fa such Inswanc~ w ~ny put tMrwf without walvinp or aff~ctinp any optio~, lien. pvity. or rphr vnder or by vi.tw of fhis Maty~p~. ~nd tF~t ful) ~t of ~ach and ~wry wd~.paYm~^~ s~++ll bi im+wdiately dw and p~y+bl~ and shall bear intera? frwr. tM dat~ thcrtof until paid a1 tM ra» ol nirw pa anwm pa anrwn? and togethe~ with wcA interest shall be tecured by tM Ifen of this mat~ap~. I. To pKmit, canmit « wffa no wuu. imp+i~ment a deterioratan of said prope~ty or s~y p~~t therwf. S. To pay all ~nd unpula? tM.costs, chu9es snd ~xpenses, includinp + reasonabte strorney i fe~ snd costs of sbsuacts af title, incun~d o. paid ~s ~ny tun~ by said MORTGAGEE, b~caus~ w in ti» ~vte+t of 1F+e fs~l~re on the paM of t1+~ said MORTGAGOR ro duly. prompNy and fully paform, d~uhargR execv». ~ff~c1. oompkte, oomply with ~nd abid~ br each ~nd every the stipulations, sgreements, conditioe?s, ~nd coven+nu oi said promiuory noro and thu morfyap~ any w ei~her, and iaid costs, chupes and experres. each end every, sMll be immediately due and p+yable; whNl+er ov ~ot there be notice dr m~nd, ~ttempt to collect w wit p~ndinp: a+d tM full smovnt of each u~d every s~rch payment sh+ll besr interest from ths date thereof ~mil paid ~t the rate of ni~e per centum per an~wm; ar+d all s~id tbsts, charget and expenses intvrred or p+id, together with such interesf, shall M set~red by th~ lien of this ^nortp~• 6. iMt (a) in the event of any bre+ch of this AAortyay~ w default on the part of the AhORTGAGOR, a(b) in the eveat any of ~~d t~?ms of money hsrein nferred to be not promptly and fully psid within thirty (30) days next afte? the same severalty betome dve and payable, without dem~nd or ootite. or W in th~ ewqt each and wery tM stipulations, sgreements, conditions and coven~o» of sa~d promissory note and ~h~~ mwtppe any u either an rwl iuly, promptly and fully psrformed, d~schar~ed, executad, eifected, completed, complied with and ab~ded by, then in ei~her or ~ny such event tM said a~ flrey,~tt sum mtntia~ed in taid p?omissory note IhM rernaini~g unpaid, with interesl acu~ed, and all moneys setured hereby, sMll betane dw snd psy- able fwthwitly or tFxreahe~, a1 the option of said MORTGAGEE, u fully and comple~eiy as if all of tFx said sums of money were apinatly s~ipulned to be paid on such day, anythiag in said promiuory note or in this Matgage to the contrary notwithstsnding; and thereupon or thereafta at the option of said MORTGAGEE, without notice or demand, wit at law ar in equity, therefwe or thereafter beg~n, may be prosetuted u if all moneys secv~ed hereby had mawred p~iw to ib institution. 7. Th~t in the event tFNt st the beginning of w at sny time pending soy suit ~pon this Mortgage, oa to forectose it, or to roform it, a to enfores payment of any d~ims he+eunder, said MORTGtiC'sEE sMll apply to the CouA having jurisdictio?~ thereof fo~ the appo~mnxnt of a Receiv~r, svch Cou?t sMll fo~tFiwith ~ppoint ~ receiver of said mortgaged property.all and sinyular, includ~ng all and singular the income, p~otits, issves and revenues from whatever wurce derived, ~ath and every of wFi~th, it beinp expressly understood, is Fxreby mwtgaged as if tpetifitatly set fath and described in the yranti~g and habendw» clavset hereof, and suth Rece'aer fl?all' have all the broad and effective f~nd~ons and powera in ~nywise entrusted by a CouH to • Receiver, and such appointment shall be made by such Court as an admitled equity and a m+tter of abwlute right to ssid MORTGAGEE, and without reference to the adcquscy a inadeqwcy of the wlue of the properry mortg~ged or to the sowency w insolvency of _sa~d N10RiGAGOR or the detendann, and that such renu, profin, incane, iuues snd rwenues ihall be applied by such Receiver according to the 1'~en or equity of uid MORiGAGEE and the practica of such Cowt. 8. To duly, prornpdy +~+dJully perform, dixharge; execute, effect, complete, comply with •nd abide by each and every the stipulatiau, ~reements, ~ conditions and coveiisr?u it?~siid-~1lomissory ewte and this mortgage sef fwth. wti - 9. That in the evtr+t'the ownership of tF?e mortgsged p?~mises, or sny part thereof, becomes vested in a perwn other thsn the MORTGl~GOR, tM MORTGAGEE, iri wcceuws and assigns, may, without notite to the MORTGAOR, deat with such successor or successor in interest with reference to this mortga~e ~nd the debt hercby secvred in the sune manner si wi~h Mo?tgsgor without in aoy way vitiatirg a discharging the Mortgagori li~bitity htre- under or upon the debt hereby secured. No aale of the premises hereby moAgaged and no fwbearance on the part of the MORTGAGEE a i» successors or auigru sr+d no extension of the time fw the payment of the debt hereby securcd given by the AhORiGAGEE or its succeuors or suigns, shall operate to rekase, diacharye, mod~fy dunge w affect the wig~nal liability of fhe MORTGAGOR herein, eithcr in whole w i~ ps?t. 10. tt is specifically sgreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblipaYan se- a,red hereby shall at ~ny time thercafter be held to be s waiver of the terms hereof or of the instrument setured herby. 11, In sddition to the forego:ng monthly payments of p?inc:pt~l and interest required by the prom~ssory note secured hereby, mortgaga covenants and a9ress to pay to mortgagee with eath monthly payment an addirionsl sum estimated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property ta:es levied or assessed aga~nst the above desuibed rea~ estate_ ~Prem~ums o~ fire a~d windstam inswance as herei~ requ~red to be carried on the improvemenri situate on the sbove described premises. . j C-Premiums on such mortgage guaranty insurarKe as mongagee shall trom t~me to time deem fit to carry on the loan secured hereby. ~ Mort9sget shall from tim~ to time notify mortga9or l+ writing of the a~oum dve aed psysble hereundar and such wm shatl thereupw~ be due and t payable on the due date of the next monthly payment and exh svccetsive month theresftei until mortgagee shall notify mortgago? of a change in such amount. Such sums shall be applied by mortgagee toward~1ppiy¢~ep~/~ r¢~ Q rty ta es, i~urarxe prem:ums, and mortgage guaranty insurance ~ premiums. ~rT"I~.~G~L~J A~~n1~U~. K~~(~~pE~~ S IN WITNESS COF, tif~ s~id JNORTGAGOR has`hhe~h~M~l~~~~ie~(~~t d+Y and year first aforesaid. ~ de ' ed 'y+ t presence of: i O R() V~ R( F j F ~ s 16~?'248 a~~ cs--n '66 MAY 2 0 10 ' 34 ' n ~ ~ ~--n STATE OF FIORIDA tUG~ r~, f'pITR~S covNn oF St. Lucie ~~E~ CIRCUIT COURT , . ~fa~ n» p~r„n,~~y,ppe,~ed M. H. Honevcutt .nd T.1118 Vdli Honevcutt his wife, to me well known and known to me ta bs the individwb described in and who axec~ted the foregoinp instr~ment, and acknowledped before me that they executed t!x same fw the purposes ~ ~„d ~ ,,;d Lula Van Honevcutt ~ w;~. ~ ri,. „d M. H. Honeycutt ,~,.+t. ,~d a~~,» ~ ex+minaYan by mt tsken sspar~te and apari from Imr said husband, acknowledged to and befor~ me that sM executed said i~atrument fre~ly and volun- ~ r~rily and withovt utiy comp~rkan, conttrsint, ~ppre~d, or fear of or from her said huiband. ~ WITNE55 my h~nd u+d oHicial wsl thi~ ~Q ~ day of ~ A. D. 19 68 i! ~ Notary lic i~ ~~d fw the State of Ffwida at lupe ~ My C ~ssion expires: /~t~. /9 ~f / ~ R~twn To: ~ fint f~ral S+virys i loan Associat~or~ • ot fo., vK.~e. .:':•r+. .~,ary R,Mic, Siate ot Florida at Luqe ~ Fwt Pierce. Florids 1 . , t ~~~lJ ~~:+~.IS3~~~ ~6~ n i ~ , ~ , h a ; ~ _ : • . : . I ~ ~ ~ - = This instrument prepared by - • r + ; ~ ~ ~ • ~ First Fede~al Sav. & loan Assn. - ~ ~J - ~ of Fort Pierce ~ ~ . - Br J. Collins ' a~~.7i ~2?40 ~ t~-3~ ~ ~ _ . . -x: ~ , ~ ; _ ~ - ~ . "~~~,~~~=~L-v?.ri~<.' m_. , .