Loading...
HomeMy WebLinkAbout0159 . • ~ ! . ' 3. To pl~a ~nd continuously kNp on ~M buildinqs now or her~+ha ~iw~t~ on i+W la^J ~^d c^ +II eq~ripn~nt and person+lly covKed by this na.tp~ +g~, with ~II premiums thereon paid io full, fi~e inswu~c~ in tM wwl sundud policy form, in a sum •pprowd by tM MORTGAGEE, u?d windstorm ir?s~rann in tM uiwl aand~rd polky fam, in a wm ~pproved by tfw MORTW1CsEE, in wch company or companies a tM MORTGA(3EE n?~y d(nctj ~nd ~II iin ~nd winds~orm inswaoo~ policies on +n1r of taid b~rild~np~, any inlenit tMrein o? p~n IMraof, in tM a9qre~+t~ swn ~for~sald a In ~:uss thereof, shall contsin ?hs va~al stsndud mort9~ clws~ or wch otMr cl~uie is tM Matyspee m+y ~eqvu~. makinp ~he lou undN s+~d Pol} cie~. ~sch and every. paYabk M s~id MORTGAGEE as in intK~st m~y app~ar. and each ~nd ~very svch poliq ~hall b~ promptly ~ss:yned and deliversd ~o any Mld by said MORTGAGEE as tunMr teturity to s.'.d mo:tyay~ dsbt, and, nW less 1Mn ten (10I days in advance of tM ~xpir~tan of each polky, to da liver to aid MORTGAGEE a renewsl tF?areof, tope~her with a receipl for the premium oi wd~ ~enewal; and lhers shall be no fire or windstam irq~r~nc~ placad on ~ny of taid b~ildings. ~ny interest tMrei~ or p+rt thxeof, unleu in the fam u~d with 1M loss p~ysbl~ as afaes+idt aed in ths tvent sny s~m of mo~roy becomes p+yabl~ under such polky a po~ici~s s+id MORTGAGEE shal) F?aw ths opYwn ro receiva a~d spply tM same on atcounl of ths ind~bted~ neu setur~d hKeby a to pernut ssid lNORTGAGORS to rsoeiw u~d uss it or any part Ihereof fo~ othe. purposes, wi~hout the.eb/ waivi~~ or impair- irg ~ny eq~ity, lien or riqhi under or by virtue of this mortpaptj s~d in the went said MORTGAGORS shall fo~ any ~eason fsi) fo ktep the said premisss so insv~ed. a fail !o deliver promptly ~ny of said polities of inswance to said MORTGAGEE, ot fail promptly to pay fulfy sny premium therefor or in an~ respect fail to p~?fo?m, discharye, execute, ~ffeN, complate, compty with and abid~ by tF?is c~venant, o~ ~ny pa?t heteof, saW MORTGAGEE may place +nd pay fa suc1~ irowanq u any psrt thsreof withoW waivinp w~ffectinp sny option, lien, equity, or right under « by virtue of this Mortgs~e, and tM full ~mouM of each ar+d ~very such payment sMll be imm~diately dw and payabk and ahall bear interest from ths date thcreof ~ntil paid st the raro of ( nine per ts~tum per annum ~nd together with suth i~terest thall be secured by tM litn of this mat9sge. ( 1. To pamit, oommit or wffar no wuts, in+pa'ument w deterioretion of said property or any paH thereof. 5. To pay all and singuls? the cosb, ch+rga +nd sxPenses. indudi^y a reaso~abb attwney's fee and wsts of abstracn of title, incuned w paid ~t : a~y Yime by said MOR~GAGfE, bscavse a in tlx ~va+t of the failuro on the p+N of ~he said MORTGAGOR to duly, promptly and futly pe~fam, discharyt ' execute, effect. complete. comply with and abids by ead+ and every the stipulatio~s, agresmenb, conditions. and covenann of said promiuory note a~?d thq i mortya~ any or eithar. and said costs, chug~a and expe~?ses, each and every, shall be immediately due and psyable: wheihe~ or not then bs notice de~ ~ mand, attempt to colkd or wit pe~ding~ ~nd N+e fvll anwvnt of ssch a~d.e~rery such paymeM shall bea. interest from ~he dale thereof until piW ~f ihe rate ot niree per centum per annurn; and all taid costs, char9es +nd expsnses inn?rred or paid, together with such interest, sMll b~ sacured by ths lien of tlw ^wrtys~~. 6. Th+t (a) in the eveM Of any breach of this Matyape or defa~lt on the part of the MORTGAGOR, u(b) io the event ~ny of ssid wms of ma~ey herein refe~red to be not promptly and fully paid within thirty (30) days next after the same severally become due ar~d peyable, withovt dem+nd or tatite, or (c? in the event each and every the stipvlatioos, sg:eernen», cond~tions and covenanb of sa~d promiuory note and th~s mort~aye any w ei~ha~ an no1 iuly, promptly and fully performed, discharged, execvted, effec~ed, compkted, complied with and abided by, then in eithe~ w any such ~vent tIM said p~ gregate wm mentaned in wid promissory note then remainirg unpaid, with i~terest acaued, and all moneys secured hereby, shall betane d~?e and p+y- able forthwith, a thereafter, at the optan of said MORTGAGEE, as fulty and completely as if all of the said wma of money wero wiginally stipulated to be paid on such day, a~ything in said promissory rn.:s or in this Mortyage to the contnry notwithstsnding; and thereupon w thereafter at the op~io~ of said MORTGACEE, withovt notice or demand, suit at law or in equity, therefue or thereafter begun, may be prosecuted as if all maxys secvred hereby had matured prior to its iiutitutan. 7. Thst in the event thaf at the beginning of w af ~ny timc pending any suit upon this Mortgage, or to faetlose if, or fo reform it, w to enforp payment of any claims herevoder, said MORTGAGEE shall apply to tM Cowt haviog jwisdiction thereof fw the appo~ntmer?t of a Receiver, wch Court shall forthwith sppoiM a receiver of said mwtgsged property all and singular, indvdmg all and singular the iiuorne, profits, issues and revenues from whafever wurce derived, each a~d every gf whrch, it beinp expressly understood, is he~eby ~nor~gaged as if specifically set fwth and desvibed in the g.aminy snd habendwn clwses hereof, and sixh ICeteiver shall have +II the broad and effective furxtion~ and powas in anywise entrusted by a Court to a Reteiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to ssid MORTGAGEE, and withoW ~efere~ce to tM edequaty w insdequacy of the v~lue of the propcrty mwtgaged or to the solvency w inwlvency of said MORTGAGOR w the defendants, and that such renu, profin, incwne, iuues and revenues shall be applied by such Receiver sccording ro the lien or equity of said MORTGAGEE and the prattice of such CouA. 8. To dvly, pr«npty and fuly perform, dischargs, execute, effect, compkte, comply with snd abide by each and every the stipulations, ag~eements, conditions and covenanrt in said promiuory noro and this mortgage set forth. - _ ~ 9. That in the eveM the own~nhip of the mwtgsged premises, or any paA thereof, becanes vested in a pe?aon other than the MORTGAGOR, the MORTGAGEE, iri successon and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with reference to this mortgage and the debt hereby secured in the ssme manner as with Mortgagor without in any way vitiating w dixharging the Mortgsgon' lisbility here- unde~ a upon the debt hereby sec~red. No ssle of the premises hereby mortgaged and no forbearance on Ihe parl of the MORTGAGEE or ifs sucteuws or sug~ and no extension of the time for the payment of 1he debt hereby secured given by the MORTGAGEE or its succeuors o? auigns, shall operate to rekase, discFiarge, modify change or affect the wiginal liability of the MORTGAGOR iurein, either in whole or in p~rt. 10. It is spec~f'ically agreed that time b of the essence , of this conuact' a~d that no waiver of any obligaYwn hereur?der or oE the obliyation sr cured heteby shall at any tune thercafter be heW to be a waiver of the terms hereof or of the instrumem secured herby. n add~tion to the forego:ng monthly payments of princ'pal and interest required by the pron+issoq note secured hereb and agrees to p rt agee with esch monthly payment an addiironal svm estimated by mortgagee to be equal annual tost of the follow- ing: - A-All real property taxes (evied or ''t the sbove tkscri ate. ' . B-Premiums on fire and windstorm inswance as F~erei carried on the improveme~ts sitvate on the above desuibed premises. C-Premiums on wch mortgage gua~an ~ce as mortgagee shali r ime deem fit to carry on the loan secured hereby. Mortgsgee sl+all from ti notify mortgagor in writing of the amount due and paya and such sum shall therevpon be due snd payabk on the due t e next monthly payment and each s~xcessive month thereafter until mortgagee sfia or of a change in such ~ amou~t. ms shall be applied by mortgsgee toward the payment of real property taxes, insurance prem:umt, and mortgage nnce ~ IN WITNE55 W EOF, it~e said MORTGAGOR hss hereumo set his hand and seal the day ar~d year fint aforesaid. al d' ed in trie preseoce of: Jw'`~i I~~ . 7~f ~~i'(~s~ ~ . - aq • ~ ~n . STATE Of FLORIDA ~ ST. Lt7CIE ~ - - - couNn oF 9efore me personally appearod ~bert 4~'~l1ktZ ~ Jl' • I Elizabeth Mn Wa1~C!! his wife, to me well known and known to me to be the individwb dewibed ir~ and who executed tla forepoi instrument, ar?d sdcnowkdged before me that they executed the same for the pvrposes rn~~~ .~.~a. a~d rh. ~~a El~zabeth Ann tn~lker wife of tM said Robert hllllf~r ~.Tl' . , vpon s separ~ts ~nd privat~ examinstan by me take~ separate snd apart from her ~id husbsnd, adawwledged to and before me that :he exetuted said iratrument,freely and volwr tarily and withoot athr comp~rlsion, constraint, apprehension or fear of w from her wid husband WRNE55 my Mnd and offkial ~eal this ~,y ~ day af ~t0~6r A. D. 19 68 , Notsry Publ' and fw the State of Florida at l~r~e . - M Commiss e res: ~~J Retvm To: - ' • . , . : y • ~~p{~y pb~~tC O~HOrldi ai~tarye fint Peder~l Savings 3 toan A~sociatan ~ i~:''~`.- . ~n A • ~~~Nl}Nl:t1r~ ~ ~OWtIqiS1001~ . .OW Of Fort Pierca t~t~ `h;'.~ p~~~~~f~1~[~1 Forf Vierce. Florids .~l.~ .,v . . : Jp~ , _ _ '~r'=. FIi.~D AND RECORDED - . i = ~ ~ ~ ST. LUCfE COUNTY. FLA. ~ =n= . ~ R VERIFtED R".CO D This Instrument Prepared By ; ~ ~ ° W : 4= = ' First Fed Savings b Loan Association ~ ~ ; . ~ ~ ~ : : i~'1455 . ort Pierce . G_ -~.Q ~ '68 OCT Z I PH 12 : 22 ~j Checked . . _ . s{?S7; ~a4,`~`` _ ~ / ~p~~.~~~F'1w~ 1~ ~o~~~ ~oiiRas ~ _ r CLERK CIRCUIT COURT~ ~ ! t l - 1 ~ " _ . ~ ~ . '