HomeMy WebLinkAbout0165 i
t 7 ~
9. To ptan ~nd co~finvoualy keep on the buildings now a Mr~after wtust~ o~ said la~d ~nd on ~II equipment u~d ptnonally covKed by this matp~
with sil pr~mi~rru thereon p~~d in full, firo iniw~ace in ths uswl :tandsrd polky form, {n ~ sum approwd by 1M MORiGAGEE. +nd windstorm
tnswu~c~ in tM uiu~l itsndard policy fwm, In a sue+ approwd by the MORiGAGEE, in svch comp~+y or c«npa~ies a tM MORTGAGEE may
dinctp ~nd al) firo ~nd windstwm inwnnce poUcies on ~ny of sald build~nps. ~ny inMrest therein w part tMreof. in tM aqprep+~e sum afo«said w
In excess thereof, thall co~tain tM uswl standard morty+~ cl~us~ w such othe? claus~ aa ti» Mortpayee may requ'u~, m+kinp ~he lou under said po~i~
cies. each ~~d every, paYabk ro:aid MORTCsAGEE as its interest may appear, and esch ar.d eve?y such policy shsll be pranptly ~u:9ned ~nd d~livered to
~ny MW by aid NIORTGAGEE ~s further seturiry to ssid mortya9e deb~, snd, not les~ th~~ te~ (10) da~n in advance of the expiration of each polky, to dr
tiwr to ~aid MORTGAGEE a re~ewal thereof, topetMt with a receipt fo? the premium of suth rer+ewal; ~+nd there shsll bt no fire w windslorm inwrante
pl~ced on any of said b~lldings, sny interett therein or part tFureof, u~teu i~ ths form snd with tM {ou p+yable as aforeiaid; ~nd in 1M tve~t ~ny sum
of moe~ey becomes psyable v~der iuch poliq or policies said MORTGAGEE shsll haw Ihe optan ro receive and apply ?he ssme o~ +cco~nt of the indebted-
ness setwad hereby M 1o permit said MORTGAGORS to rec=:ivs ~nd us~ it w ~ny part lhereof (w othe~ purposes. ~vithout Ihereb/ waivi~~g w impair-
inp any eqvity, I'~en or r'~ght u~der or by virtw of thls mortpa~e: +nd in tM went w~d MORTGAGORS shsll fw any rea~n fail to keep the isid premtses sc
inaured, o? fsil b deliver promptly any of said policies of i~swance to said MORTGAGEE, or fail promptly to pay fully a~y premium therefo? a in any
respad fail to p~rtam, diuharge, executs, ~ffect, complete, comply with and abide by this rnve~ant, or ~ny part hereoi, ssid MORTGAGEE may plsce and
paY fo~ such inwrance ot any part thereof without wsivinp or affactinp a~y opYron. lien. equity, or ~ight under or by vi~tue of this Matgape, and tht
full artauM of tach and ewry such payme++t sha11 be immedi+tely due and payable and shall bear interest from ths date thereof until paid at tl~t rat~ ol
nine per ceotum per annum and together with such interest sF?all be secured 'oy tF~s lien of this mortgage.
4. To pamtt, commit w suffer no wa~te, impairnxnt w deteraratan of said property a any part thereof.
S. To p+y all ar+d singular the costs, ch~?ges and expensa, including • reawn~ble attwney i fee and costs of abstrscts of title, incu~ed or psid at
any time by said MORTGAGEE, because or in the event of the failwe on the p+rt of 11~e said MORTGAGOR to duly, p~omptly snd fully perform, d~xhargR
execute, effect, complete, compl~r w~th and abide by e+ci+ and every the stip~rlations, agreeme~ts, conditions. and covenann of wid promiuory note and this
mortgspe any w eitl+er, and said cosn, chsrges and expenses, e+ch and every, shall be immediately due and payable; whether w not there be notice de
mand, attempt to tollett or svit pending;.and the full mnount qf estl~ and every s~?th payment shall bear interest from the date thereof unlil p~id at the
rate of nine per cantum per annum; and all said msts, chuges and expenses inevrred w paid, together w~th such interest, shall ba secured by the lia? of tha
mo?t9aQe. .
Q TMt (a) in the evem of any txesch of this MortQage w default on ~he pa?t of the MORTGAGOR, w(b) in the event any of said s~ms of money
herein refe~red to be not prompfly and tully paid within thiry (30) days next after 1he same severally become due and payable, witlwW demand w notits,
or in ihe event each and every the stipulatiau, agreert~enri, conditions a~d covenann of said prom~uay ~wte and th~s mwtgage any w either are nof
iuly, promptly and futly pe?formed, d~scharged, executed, efie.ted, completed, complied with and ab~ded by, then in e~ther w any such evem ths said ag
gregate sum mtntioned in said promiuory note then remainirr~ unpaid, with interest accrued, and all moneys secured hereby, shall betome dw snd pay-
able forthwith, w thereafter, at the option of said MORTGAGEE, u fully and completely as if all of the said sums of money were originally sNpulated
to be paid on such day, anything in said p?omissory note or in this Mo?tgage to tix contrary notwithstanding; and thereupon w thereafter at the optia~ of
said MORTGAGEE, without notice w demand, wit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby
had mawred pr~ior to in insfitvtion.
7. That in the event that af the be9inni~g of or at any time pending any suit upon this Mortgage, w to fweclose it, w to reform it, o? to e+~fora
payment of any claims hereunder, said MORTGAGEE shall apply to the CouA having jurisdiction thereof fw the appointment of a Receiver, such CouA ~hall
Forthwith appoint a receiver of said mwtgaged properfy all and singular, tnclud~ng all and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly vnderstood, is hereby mortgaged as if spec~~ically set lath and dewibed in Jhe gr~nting and
habendum da~ses hereof, and such Receiver shsll have al1 the broad and effective funct~ons and powers in anywise entrusted by a Cou?t to ~ Receivar, and
such appointment shall be made by such Court as an ~dmitted eqvity and a matter of absotute right to said MORTGAGEE, and without reference to ths
adequacy o? inadequacy of the value of the property mwtgaged or to the solvency w insolvency o4 uid MORTGAGOR a the defendants, and that such
rents, profin, income, iu~es and revenues shall be applied by such Receiver accwding to the lien or equity of ssid MORTGAGEE and the prac~ice of such
Court. ~
8. To duly, promptly and fulty perform, dischsrge, execute, effect, complete, comply with and abide by each and e'v~ery the stipulaYwns, ayreemenb,
conditans and covenaMS in wid prorti~ssory note srxl this mortgage set forth.
9. That in the event the ownenhip of the mortgaged premixs, w any part thereof, becomes vested in a person othet fhan the 1NORTGAGOR, the
MORTGAGEE, its succeuon and assgns, may, without notice to the MORTGAOR, deal with such succeuor or succeuw in interest with refereMe to this
~ mwtgage and the debl Aereby secured in the same manner as with Mortgago? withoW in any way vitiatmg w discharging the Mortgsgon' liabiliry he~e-
under or upon the debt hereby secured. No sale of the gremises hereby mo.tgaged and no forbea~ance on the paN of the /NORTGAGEE or its suctesson
w assgns and no extension of the time for the paymem of the debt hereby secured given by 1he MORTGAGE~ or its successors a assigns, shal) operaf~
to release, discharge, modify change or affect the orginal liabiliry of the MORTGAGOR herein, either in whole w in part.
10. h is specifically agreed that time is of the euence of this contract and that oo waiver of a~y obligation hereunder a of the obligation s~
cured hereby shall at any Yime thereafter be held to be a waiver of the terms FKreof or of the instrumeM secured herby.
11. In addition to the fwego`ng monlhly payments of princ:pal and interest required by the promissory oote secured hereby, mortgagor mvenants
and agrees to pay to mortgagee with each monthly payment an addirio~al sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing: _ _ . _ ~ ~ .
A-All real prpperty taxes levied,.or dssesse~. against the abajve. desvihed real. estate. . ~ ~ , , .
B-Premiums on fire and w'indstwm insurance as herein requ~red fo be'wrried on the improveme~ts sit~ate on the abo~e desuibed premises.= '
G-~'remivms On such rtiortgagt guaranty insuronce as rtiorfgagee shall fiom tiine to time' deem fit to •cerry on the ban sstured' hereby.
Mortgsgee shall from time to time notify mortgagor in writing of the amouM due end paysbk here~nder and sucli fwn shall thereupo~ be due and
~ payable on the due date of the next monthly payment and each successive month tF~ereafter urtil mortgagee shall rwtify mortgagw of a change in such
amount. St?th s~ms sF.atl be applied by mortgagee toward the paymcnt of real properry taxes, inwrarxe prem~vms, and morfgage guaranry insurante
premiums. . .
IN WITNESS WHEREOF, the said MORTGAGOR Ms he~eunSO set his hand and seal the day and r fi t afwesaid.
igned, le a li red in the presence of:
~
~ sD
~ s~.n
- - ~-n
STATE OF FIORIDA 1 ~ ~
COUNTY OF $t• LriC~f ! S5.
Before me perwn+lly appeared JOh11 M~ RASS~l and
1~Z~ailAS RWSfll his wife, to me well known snd known to me to be
the individwls described in and who executed tF~e fote~oirg instrument, and acknowkdged befwe me that they executed the same for the purposes
thereie expressed. And the said 1~=~illlla cJ• R1i~Sl11
wife of the said M~ ~f~~l upon s separate snd priv~t~
examinaYan by me taken separate and apsrt from her said Mnbsnd, ackrawledged to and befae me that she executed said irotrument fr~ely and volua
tarily and withovl any compulsion, constraiM, appreFronsippLor fear of or from her said husband.
WITNE55 my hand and official seal this 1~ dsy of ~C~~ A. D~?9 68
, Notary Pu in a for the Stste of f{orida at lupe
~ ~ . My iaf ezpires: /J/ '
Retum Ta ~ .
Pinr Fedewl Savings losr~ Associatan :,~;tattt~it:; i~otary PubGc. SUte o~ Horid~ it ~.i~9~
Of Fort Plerce. `~~~~n`3 ~n'!~"~ _ ~ ~ ~p, b• 1971
- . ~ fort Pierce. Fbrida . ~?f~'i~ ~ r ~dh~EilaSl~1~~ ~ ~
' ~
~ ~ ~ RECOROEO'
; . ~;A ^ FILED ~ ~~UNTY. FLA.
This Instrument Prepared By ~ r~ a: ~ S?. LUC ur ~~F1E0 ;
First Federal Savings Loan Association . ~ - - J _ . ; RE:COR4 ;
. of FoRi i rce • ~L. ;~4 i~1458 '
G J - 12 ' 23
ch~~ B,, m~::
Y:'{.t- '68 ~:OCT ~Z~ ~ p~ '
~ooK~.~4 1fi~ _ Ko~ER ~~TF a~R~
i ~ - ~ - ~ `CtERK CIRCUIY C o~
x ~JO
~