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HomeMy WebLinkAbout1700 To plaa a~d contirnwusly kNp on ihe buildinpi now a here~ftN ~itvat~ on uid land +nd on all equipment and pawnally townd by this mort~ p~, with all pr~miu~ ~her~on psid in full. firs inwranc~ in the ~sual sqndard polity form, ~n • sum approved by tM MORTGAGEE. ~nd wi~dstorm insuranc~ in tM u~ual standard pol~q fam, In ~ ium spprov~d by tl+e MORTGAGEE. in s~ch comp~ny o~ comW^~~s +s the MORTGACsEE nwy di~~di and ~II fu~ ~r+d wi~storm insuranc~ policies on any of said buildings, ~ny int~rest therein or part lhereof, in tM ~pgrsy+l~ wm afw~said or In ~xcess thereof. ahall contain tM u~ual itandud mortga9ee cla~ss a such othw daus~ ~s tM Mortq~ge~ y requue, m+kir.~ the loss ~nder said pol} cia, ~ach ~nd ~vay. paYabl~ 1o uid MORTGAGEE as ~ri inte~e~t may ~ppaat, ~nd each and every such poliq hall be p~anpthr su:9n~d and delivered to ~ny Mld by said MORTGAGEE a i~rlher stcvrity to s~id mwtyape debt, and, no~ les~ tMn ten (10) days tn adv of the expir~twn of each policy, to da liwr to ssid MORTGAGEE ~ renew~t ~he~eof, topetlwr with • receipt for the prcmivm of such renewalj and the ihsll be no fin or winditwm i~suranc~ plaoed oR ~ny of said bulldinp~, ~ny inte~est ther~in a p+rt therwf, unles~ in the fam'~nd with tM loss payable •fo«i+id: and in tM event any wen of mon~y becana pay~ble under ~uch poticy a policies s~id MORIGAGEE shall Mw tM optan to receive and ~pply s~me on +ccovnt o~ tM indebted- ~ss ~ecvnd F~e«py or to peimit isid MORTGAGORS ro receive snd ~ie if w any part fhe~eof fw o~hc. purposes, ~+~~hout Ihr~eb~ wai~~ng w impair- in~ any pu;ty, liw~ or ri~ht ~edsr or by virtw of this mortps~e; a+d in tht eve+~t fa~d MORTGAGORS shall for any reason fail to keep the s+id premises so iniured, w fsil b d~liver promptly ~~y of ssid policies oi insunnu to ssid MORTCsAGEE, u fail promptly to pay fully ~ny premivm therefo? o~ in any retpect fail b pe~fam, diuharye, execute, effecl, tomplete, comply with and abids by this covenaN, w ae+y part hereof, uid MORTGAGEE may pl~ce +nd paY fw such inwrancs ot ~ny pan the~•of without walvinp or sff~ttinp ~ny option, Ikn. eq~ity. or righl und~t or by virtw of this Mortya~~. and tht full ~movnt of each u+d ev~ry such payma+t sh+ll bs immediatcly dw ~nd psy+ble snd shall bear inferesf from ths date thereof until paid a~ th~ ratt oi ni~ per cantum pe~ snnum and togelher with wcA intcresf shall be secured by tl?~ lie~ of this fnortp+ye. 1. To p~rmit, oommit o~ suffa oo wast~, impairment w detera:stan of aid property or any put thcreof. S. To pay ~II u~d sirgulu the<osts, chupes snd expenses, ir.ctudinp a reasonable ~ttorneyi fee and oosts of abstracts of t~tle, i~curred a paid st any time by sa+d MORTGAGfE, because a in the event of the fe~lure on the part of the said MORTGAGOR to duly, promptly and fully perfam, d~uharg4 execute, effect, compkte, oomply with and ~bide by each ~nd every ~he itiputations, agreements, conditions, and oovenants of iaid promissory note +nd thit mortgape any o? e~ther. end ia~d costs, clurges and expen~es, exh and every. thall be immed'utely due and payable: whether or not there be notice ds m~nd, attempt to colktf p wit p~nd~~+n: and ths full amount of eath and w~?y t~rth paymeM ~hall bear imerest from 1he date thereof until paid at the rate of ~ine per ccntum per am~vm; and all said costs, charges and expenses incurred or paid, toyether with tuth interest, sha~l b~ aecured by th~ lie~ of thd mortp~s. e. Th~t j~) in the event oi sny brcach of this Mortyage w defa~lt on the part of the AhORTGAGOR, w(b) in tl+e eve~t a~y of sa~d svms of money ! herein referred ro be not promptly and fully paid within thirty (30) days nex~ aiter the same severaily become due and psyable, without demand a notite, or (cJ in the event each and every the stipulations, agreements, condttions and tovenann of sa~d promissory note and this mw~gaye +ny a either are not ~uly, prornpNy snd fully performed, d~xharged, executed, effected, completed, complied with~anfiabt , ~ +9~- presaat~ wm mentioned in said promissory note thtn remainir?g unpaid, with interesl accrued, and a11 moneys secvred hereby, shdl become dw and p~y~ sbk fathwith, w thereafte?, st tF.a option of said NtORTGAGEE, as f~lly and compktely as if all oi the said tums of money wcre aiginally stipufatcd ro be peid on such day, anything in sa~d p~omissory note or in this Mortgage to the contrary notwithstanding; and therevpo~ or thereafter at the option of tsid MORTGAGEE, without norice w demsnd, suit at law w in equity, therefwe or thereafter begun, may be prosecuted ~s if all moneys secured hereby hsd mswred prar to its institution. 7. That in tM evcnt that at the beginning of o? st any tirrK pending aoy suit upon this 1~tortgsge, w.to faeclose it, or to, reform it, Or to enforte payment of any claims hercunder, said MORTGAGEE shatl apply to the Covn having jurisd~ction thereof for the appo~ntrrKnt of ~a Receiver, such Court shall fatFiwith ~ppoint a recciver of said mortgaged property all ~nd sing~tar, i~+clud~ng all and singular the income, p~ofits, issues and revenues (rom whatever wurce derived, exh and every of which, it being expressly unders~ood, is hereby mortgsged as if speufically xt fath and desu~bed in the grantir?g and habend~m tlauses hereof, snd such Receiver shall have all the broad and effective f~ncuons and powe~s in anywise eMrvsted by • Court to a Receiver, snd such sppointment shall be made by such Court as an ~dmitted eqvity aod a matter of absolute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the prbperty mwtgaged w to the sotvency or insolvency of said MORTGAGOR w the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to rhe lien w equity of said MORTGAGEE and the practice of such Coart. . 6. To duly, promptly and full~t oe?form, discharge, exccute, eifect, complete, comply with and abide by esch and every the stipulations, agreemenri, conditans and covenams in said promissory note and this mwtgsge xt forth. 9. That in the event the ownership of the mortgaged pr~mises, or sny part thereof, becomes vested in a penon other than the MOR?GAvOR, the MORTGAGEE, i» sutcessors and sugns, msy, without notice to the MORTGAOR, deal with suth sutceup or sutcessor in interett w~~h reference to fhis mort~age and the debt hereby secured i~ the same manner as with Mortgsgor without in any way vitiating ot discharging the Mortgagors' liability Ixre- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part o( 1he MORTGAGEE w its successws or augns snd no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE w its successors w su~gns, shall operats ro release, dixhar~t, nwdify thsnge or aifett the original liabitity of the MORTGAGOR herein, either in whole w i~ part. 10. It is spec~fically agreed that time is of the essence of this contract and tha~ no waiver of sny obligation hereuntkr or of the obligstan se- a.red hertby shall at any time thereafter be held to be ~ waiver oi the terms hereof or of the instrument setured herby. 1 and agrees o rt agee with each monthly payment an addirional sum estimated by mwtgagee to be equal to 1/12 of the ann ollow- ing: A-All real prope?ty taxes levied or a:sess a above deuribed real estat B-Premiums on fire and windstorm insurar:ce as herein r u: on the improvements sitvate on the sbove described premises. C-Premiums on such mwtgage gusra as mortgagee shall from t~me to t it to carry on the loan secured hereby. I Mortgsgee shal o time notify mortgagor in writing of the amount due and payable hereu er sum shall thereupon be due and pa ue date of the next monthly payment a~d each successive month thereafter urtil mwtgagee shall notify mor g change in such ~ ~ premiums. ~ IN WITNESS WN EOF, the ssid MO GAGOR has hereunto xt his hand and seal the day and year first aforasaid. ~esle ~~ld.~el'ive~N,d-ie~~ esence -~l~~~K~~~ /LiSJ`~~ (Sean aq ~ A-~. 6( e Ct~~n ~ rc.,~ (Sesq STATE OF FLORIDA ~ St. Lucie ~ courm oF - Before me personally appeared BaSCOm G. Ha~ROCk Jean Hammoek his wife, to me well known and k?awn to me to be the individwls desaibed in and who executed the foregoing instrumcnt, and acknowledged before me that they executed the same for the purpwes therein expressed. And the said Jean A. Hammoek wife ot the ~aid BdSCOID G. Hammock ~pon a separate and privst~ examinsYwn by me taken sepsrate and apart irom her said busband, acknowledged to and before me that she executed said i~strumem freely and volvn- rarily and witho~t sryr compulsion, constraL~t, apprehe , or~eu of or from her said husband. ' WRNE55 my h~nd and official seal this ~rl'~l~ day of ~ A. D. 19 68 , U , Notsry Public in snd ior the St~te of F{orids at L~rge ~ ~ My Commiss'ron expires: / / - 2 ~o - 7 ( ~ R~"'^ r°: FiLED AND RECORDED~. ~ Fint Federa) Savings ~ loan Assoc~at~on 'ST. l'UCIE COUNTY, RIT~r ~tl~tlC, tTATE OF FLODAA AT LAtiE • Ot Fort P~erce. S7 c- r~ G!? ~f ~ R t rt ~ eY COMMISSfON f~(PIRES NOV. ~6, 1971 ~ Fort Pierce. Florida a^~,~ ~~0 TMROYGM EaED r?. O~E~is~MO~s- 1ti.~ . . '68 JUL 3 AM II: I ' This instrument prepared by - ~ ' ~ "~.st Federal Sav. & Loan Assn. _ - ~ ' of fort Pi • ;,~P ,~ort7Ras . _ - = ~ CLERK CIRCUIT COURT ~ : y. ' . - ; _ ~ ; `.r`_ Y r ~ 0 R . er ~2 ~A~E~.b~4 ~ guo~ ~ - . ~ "X' ~s - - - - - _ ~,~.4,~:' - . e.~._ ~~Y .