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HomeMy WebLinkAbout0163 : . . ~ 1 , 3. To placy and coMinuously ke~p on tFN buildinp~ now or Ixre~ft~~ ~itwt~ on siid land and on ~II aquipm~nt ~nd perw~ally covend by thtt mort¢ aya wiih ~II premiwns the~eon paid in fuli, fin insvruxs in tM uswl atardard poliq fwm~, 1o a sum approwd by ths MORiGAGEE, and wie~dstorm inswa~ in tM v:wl ~t~nd~rd policy tam, in a wm approvad by the MORTGAGEE, i~+ wcb company or companies as tM MORTGAGEE may di~ectt u~d all fin +~d winds~orm insu?snce policia on any of said b~ildi~p~, ~nr tnla~st tM•ein w part tAereof, in tlw ayyreyate avm afaessld w In ~xcas thereoi, shall co~taFn ths wwl st+odard mor~gape~ tlaua~ or such olhx clavs~ as tM Mwty~qee may requu~, m~kinp the loss und~? said polF cis~, each a~d evay, p~yable to said MORTGAGEE ~s iN inte~eit m~y appau, and each snd ~very tvch poliq shall bt promptly ass:9ned and d~live~ed to +ny held by s~id MORTGAGEE ~s furtha secvriry to s~id mwtpaye debt, a~d, not les~ th~n tsn (10) deys in sdvance of the-ekpiratan of each policy. to dr IivN to saW MORTGAGEE a ~e~ewai thereof, topether with a receipt fw the p?emium of tvch ~e??ewalj and thers shall be no fire or winditorm inwru~c~ pl~c~d on ~ny of aid b~ildings, any inlerest therein or part tkereof, unku i~ ths fam and with tM tou payabla a: atoresaidt ar~d tn ths ewnt sey ivm of money become~ payabts under sucl? potity w policies s+id MORTGAGEE shall haw ~M option to receive and apply the same on accovro of ths indeb~ed- neu aecured hereby p to permit said MORTGAGORS to reteive and u~ it ot ~ny pa?1 11?ereof fa other purposes, wiihout 1he~eb~ waivi~~g or impair- iny sny pvity, tiert or ri9hi under a by vvtw of this mortpage; er~d tn ths event ssid MORTGAGORS shall fw any reason fail to keep the iaid premisei so insured, or f~il to deliver p?omptly any of said polities of (nsw+ncs to said MORTGAGEE, or fail promptly to pay fulty a~y premi~m therofor a In ~ny roipecf tail to pe~(wrry discha~ge, execWe, effed, complNe. comply with and abids by this covenaro, or s~y pan hereof, uid MORTGAGEE may plscs snd PnY fa inswanp w iny psn thereof without waivin~ or affectinp any option, li~n, equity, or right under or by virtw of thit Mort~aye, ~nd the full artau~t of each and ~very such payment shsll be imrnedistely dw ~od psyable ~nd shall bear intereit from the dste thereof u~tii paid at ths ~ab oi nins psr ce~?tum per annum and ta~ether with ~uch interest ahall be secwed by the lien of this mortgsge. To permit, oommit w suffer no wasts, impairment a deteraratan of iaid property o~ ~ny par) thereof. • 5. To pay all snd sin9ular tF?s costs, charges and expenses, including a reasonabk anwney's fee and cosri of abstracts of titte, incu?red or paid at any Y~me by said MpRTGAGfE, beca~ne or in the event of the failure on the pan of the said MORTGAGOR to d~ty, promptly and fulty periorm, diuhs~gR executs, effect. compJet~, oomply with and abide by each and every tbe stipula~ions, sgreements, conditions, and mvenants of wid prom;ssory oots and thw mortgage any w either. and said costa, chargas and expenses, each and every, shsll be immediately due and payable; whethe~ w not there be notice da msnd, attempt to oollecl w suit pe~di~~ and the fuli artw~rnt of, each aod every sirch payment shall bea~ intereaf from ths date thereoi until paid at tM~e rale of nine per centum pe? annum; ant! all ssid cosri, chsrges and eapenses incvrred w paid, togNher wi~h suth interest, ~hall be secured by the lien of thif mortya~~ . 6. Tlwt (s) in the event bf any breach of this Mort9sye or default on the part of tlx MORTGAGOR, or (b) in the event sny of aa;d sums of maney herein referred to bs rwt promptly and fully paid within Ihirty (3W days next after the same uve~ally betome due and payable, without demand or not~oe, or in the event eath and every the stiputations, agreements, conditiau and coven~nts of ssid promiuory ~ote and th~s mortgage any or either are not . ~uly, promptty and fuNy performtd, discharged, executed, effetted, c~mpleted, complied with and abided by, then i~ cither w any such event the taid a~ gregate wm mentaned in said p?omissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay- able forthwith, w lhereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money we~e aiginaUy st~p~kted to be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon or theresfter at the optio~ of said MORTGAGEE, witFa~t notite a dcmand, suit at law or in equity, thcrefwe or thereafter begun, may be prosetuted as if all moneys setured hereby had matured prior ro its insfitvtion. 7. IMt in the event that at the beginning of or at any time pe~ding any suit upon this Mortgage, w to foreclose it, or to reform i~, or to enforos payme~t of any claims hae~nder, said,MORTGAGEE sF~ll spply to the Court hevin~ ~urisd~dion thereof for the appointment of a Receiver, wch CouA shal( fathwith appoint a receiver of said mortgaged p~erry a!1 and singular, includi?g a!1 and s;ngular the inmme, profits, issues and revenues from whatever source derived, each and every:pf ~wF~ich, it bei~q fxpressly understood, is hereby mortgaged ss•if spscifically set fath and detcribed in the granting and habendum clauses hereof, and such Ret~i er shall Mve ~II the broaS! and effecti~;e funa~ons and powers in' anywise entrusted by a Covrt to a Receiver, and such sppointmcnr shall be m~de by suc~ ~owt as an admitted equity and s matter of absolute right to said "MORTGAGEE, and withouf refere~ce to the edequscy or inadequacy of tfie val~re of. th! prop~rty mortga9ed w to the:;olr4ncy or ~nso:vency of a~id MORTOAGOR or the defendann, and that such renrs, profin, income, issues aqd revertues shal! be applied by such Reteivei accad;ng fo ths lien w equity of said MORTGAfaEE and the practice p( s~ch Court. ~ . - . _ . , ~ 8. To dvly. promptly ~nd fully per~ortn, d;scFisrge, execule, effect; complete, compfy with snd:abide by each and everyY-ihe stipulatwns, agreements, conditans anct covenaMS fn said promissory nor~ and this morrgage ser forrh. • • , 9. That in the event th~ ow~r~enhip•of the mortgaped p~ernises, pt any part ihereof, becwnes vested.in s person other _lhan the MORTGAGOR, th~ MORTGAGEE, its successors and assgns, may, without notite to the MORTGAOR, deal, wifh sucl~ successor a successor in intdiest with reterente to this mortgage and the debt hereby secured in the ssme manner as with Mortgagor without In any way vitiafing or discharging the Mortgagors' liability herr under w upon the debt hereby seevred. No ssle of tM premiscs hereby fiortgegad and no forbearante on the part of the MORTGAGEE w its successon w augns and no ex~enian of the time fw the payment of the debt hereby secured ~iven by the NWRTGAGE~ or in s~ccessors or auig~u, ~hall operate to release, discharge, modify change•or affect the original liability of the MORTGAGOR herein,•~ither in whole w in pa?t. 10. !t is specificalty agreed that time is of the essence of this contract s~ that "r?o waiver of sny obHgst~on hereunder or of the obligation se- cvred hereby sMll at any time therrafter be held ro be a waiver of the fem» I+eroof oi of the imlrument secured herby. 11. In addition to ttx forego:~g tnonfhly payments of princ'psl and intsrest required by the plomissory ~SOte sec~red hereby, niortgagor cpvenants and agrees to pay to mortgagee with; each monrhly payrnent an add+rional wm estimated by mwtgagqe to be equal b 1/12 of the annual cost of the follow- ~~y; ~ . - - ~ ' A-All real property ta:es tevied w assessed agai~st the above described real estata B-Premiums on fire and windstorm insvrance as t~erein requ~red to 6e carried on ihe improveme.~h siwate on the above described premises. C-Premiums on suc!? mdtgage gvaranty inswance as mortgegee sha11 from tirtk to time deem fit to carry on the ban secured hereby. Mortgagee shall from fime ro 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 ;uccessive month thereafter vrtil mwtgagee shall nofify mortgagot of a change in wch amount. Suth sums shall be applied by mortgagee toward the payment of real p?opeAy taxes, insurance prem:ums, and mottgage guaranty i~surante premivms. . ~ ( IN WITNESS REOf, the id MORTGAGOR has hereunto set his hand and seat tlx day and year first aforesaid. Siyned. Seal nd in s e of: ~'t.` ~ sn n n 57A1E OF f10RIDA ~ • _ cou?~rrr oF sT: wcIE ~ . • _ Before me peaonally appeared GiZy S. Gy#lVthy : snd ~ Tamsy c. cya~rsathy • ~ i • , his wife, to me well knqw~.~ ~ t¢ n~'.~o be the indiridwls dsscribed in and who exec~ted the foregoi~g iratrument, and acknowl before me that they execute~d t}~ }aA~s_fw the'p~r fherein exp?essed. And the said T~~y C• Ci3la1'~~yl v. t wife of tl?e said Gary S. Gy~?xaathy ` ~ ~ rpon a!~sepsr~ta ~1d `priVSt~ examination by me raken separare and apart from her ~aid hu~band, adc?wwledged ~p and be;ae ms tMt aM sxearted s{it~ydtru~tnt,h voluiF tsrily and without amr compulsioo, constrs'u?t. ~ppr ~ fea? of or from he? said husband. : y: W(TNE55 my haed and offitial seal thi ~jay OCtObe! . t= `/l. D.,;9~_ ~ • '=;f L? FI LE 0 A P„b~K jn a?d fot ti~ State of F~ id,~; ~t ST. I.UCIE UNTY ;u;~ exP,?~,: ' e~t«~ To: • • RcCi! FRIFIED • first Federal Ssvings d. Losn Association ~~y~~~~ Of Fort Pierce. ~ , Fo?t Pierce. Floiida ~UO Oti 1 G~ f PI • L L MY COMIAISS ON EXPIRES NOV~29. I9~Be SONOED TNROU6N iRED W. DIESTEIMORfT This lnstrument Prepared B~ ~OITRAS ' ' First Federal Savings b Loan Association CLERK CIRCUtT COURT ~ • of Fort P' rce , . ' Checked By ' ~~3 . t _ ~ ~I . . i""