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HomeMy WebLinkAbout1503 _ ~ ; To plap and continuously ke~p on tM buildinps ~ww a 1»n+fia ~itwt~ on uid i~nd ~nd on dl puipm~nt and p~rwnaliy cova~d by this mat~ with ~II pnm{ums theteon paid i~ ful4 fiN Insursnce in the uiwl sardard polky form, in • swn approv~d by tM MORTGAGEE, and wiMhtwm In~wa?c~ in tM ~?swl sanda.d poi~cy fan?, In a svm ~pproved by tM MORTG/1GEE, in wch company a comp~nles a ~F~ MORTGAGEE m~y dinclJ ~nd all fin and wa+ditonn inwra~u polici~s on s~+y of aid buildinp~, a~y interaf therein or part 1Mrw1, k? tM apqrepat~ wm ~fortwid o~ In txo~ss ther~of. sMil.tonqin tM uswl st~odard mor~9~ clwa or wth otiNr dwN ~s tM 1Norty~ptt may rpva~. mstinp ths lost vod~? aid polF ti~s, each and ev~ry, paY~bli'1s said MORTGAGEE as ita inte~est m~y app~a?. and esch and ~very such policy ~MII b~ p~anptly ass:yned u+d deliv~red to ~ny Mld by said MORTGAGEE as fuhhsr security to said mo?tq+ye deb~. +~d. not i~sf tMn ten (10) dayt in advsnu of the ~xpiration of esth pofity, to dr IivK to uid MORTGAGEE a nnewal thenof, topetM? with a receipt for tM premium of such renewaij and ~her~ sh~ll be no firs w windstorm ir?su~~nt~ pl~ad on u+y of saM buildinps. sey inlerqt iFwreio or pa~l thenof, unleu in the form and with tM loa payabl~ ss ~fw~saidr aed M~ tM ~vMt aMr wm of mo~ey becomsa payaW~ w~da wch policy or policies wid MORTGAGEE shall haw ~M opYwn to receire and ~pply ths suTM on ecoWn+t of tM inclebted- ns~s secw~d herebr w a permit s+id INORTGAGORS ro rsoeiw and u~ it a ~ny part the~eof fw ahe~ purpwcs, wi~hovt thaeb/ waivi~~ or impair b~p ~nY puiry. lien or ryfit w~de~ or by virtus of this mortpaye; and io ths ~wnt said MORTGAGORS shall tor a~y ~eason fsil ro keep the s~kl pnmises ao inwred, w fsi! ro dsiiwr pramptly aoy of said policies of irnuranc~ to said MORTWIGEE, or fail prompdy to pay fully ~ny premium ~hKefa w in u~y r~spect fai~ to paform, d~uhargs, ~xecute. ~ffact. complero. comply with and ~Wd~ by this covenan~, a any paN hKeof, ssid MORTGAGEE ~y plsae a+d paY fw tuch inwrencs o? u?y put tMraof without w+tvinp or affectinp sny optan, Ilen. puity. w right unde? w by viAw of this Matya~s. ~nd 1M full amow~f of sach and ewry such p~ymem shill bt irnnediately dw and py+bl~ s~d shall besr interest from ths date thereof un?il paid at tM rat~ of nine per cenwm ptr annum and together with such inierest sMil be secured by tM li~n of this mat9~ga 1, To permit, oommit w suHer no waste. Yr?pairmeet w deterior+tion of said prope~ty or any psrt thereof. 5. To pay all and :'~ulu the costs, ctwpes and expenses, incl~dinp a~easonsble attomey's fet u~d oosts of ~bst~~cts of titl~, incurred w paW at sny tims by said MORTGAGEE, becauss or i~ the swnt of tha f~ilwe on ths ps.t of th~ said MORTGAGOR to duly, prompNy snd fully pertorm, dwchsryR executs, ~ffect, oomptate, aomPy with and abide by each a~d every the stipulations, a~reemenb, conditiaa„ ar+d ooven+nts of said pramiuory ~ote and thi~ mortgap~ any w ather, and said costs, chuges ~~d expenses, eacb and everyr, sMll be immediately dw and payable; whether w oot there be notice de~ mand, ammpt to collect or wit pendings snd the full smoum of exh and avery such paYment sMall be+? interest from the date tMreof until paid at tM rate of rw~s per centum pe? amwm; aad all said cosb, chuQes and exp~nses inw~red w paid, together wifh such intasst, shall b~ ssa+red by the lieo of Ma mortp+pe. • 6. That (a) in ths eveM of any lxeach of this Mwtpage or defsult on ths part of ths MORTGAGQR, or (b) tn tM event any of pid swm of nwnsy 'herein referred to bs not p?ompHy and fully paid within thirty (30) days next afier the same severally become dve and payable, without dem~nd w notite. or W tn the event each s~d every the stipuletions, ~greernenb, conditions snd cownants of ssid pran'~uay note and this mort~sQe ae~y or tither ue nol ~ iuly. promptly and futly perfwmsd, dixharged, exscuted. effected, tompleted, complied with snd abided by, then in either a any such event the aid ao- gregaf~ sum mentioned in said p?omissory note then remaininy unpaid, with interest acuued, and all moneys secured hereby, shall become dw and p~y~ able forthwith, w thereafter, at the optan of ssid MORTGAGEE, ss fully and completely u if all of the said wms of mo~ey were apir?ally stipulated to be paid on such day, anything in wid promiuory oote or in this Mortyage to the tontrary notwithstanding; and thereupon w thereafte~ at the option of said MORTGAGEE, without notKe w demand, wit et law or in equity, therefore w thereafter begun, may be proaenNed as if all monsys secvred hereby had rtwtured prior to ifs initltution. 7. Thtt in the event that af fhe beginni~g of or st s~y tims pending any wif upor+ tha Morfgsge, w ro faetbse if, or to roform it, a fo enforos paymenf of any claims hereunder, s+id MORTGAGEE shall apply M the Court having jurisdiction thereof for the appointment of a Reteive?. svth Cowt shall fwthwith sppoiM a receiver of uid mortgaged prqxAy all ~nd sing~Iar, inclvding all and singulsr the income, proiits, iuues and revenues irom whatever tourca derived, each and every of which, it beirg expressly unders~ood, is hereby mortgaged as if specifical~y set forth and dewibed in the yrantinp and habendum clauses hereof, ~nd such Receiver shall Mve a11 the brosd ~nd effective fvnctions and powen in anywise entrusted by ~ Courl to a Receiver, and such appoi~tment shall be made by such Cou?t as an admitted equity aod a matter of absolute rght ro said MORTGAGEE, and withovt reference ro fhs adequacy or in~dequacy of the value of the properry mortgaged o? to the sowe~cy or insolvency of said MORTGAGOR w the defendants, and that such renn, profin, income, issues snd revenues shall be applied by wch Reteiver atcordiog to the lien or squity of said MORTGAGEE and the prsctite of wch Court. 8. To duly, promptly and fuily pe?form, distharge, execute, effect, complete, comply with ~nd sbide by each snd every the sfipulations, agreemenb, cw~diYans and covenaMS in said promissory note and this mwtgage set forth. 9. That in the event the ownenhip of the mortgaped premises, w any part thereof, becomes vested in ~ penon other t4sn the MORTGAGOR, tlw MORTGA~E, its svaeesW~s ind euiyns. maY, wilhan-eatice fo tl+e MORTGI~OR. deal with wd~-suaessor a wccessor in interast with refeiente'fo tbis mortgs~ and the debt hereby.sec~red in the ssmt mawner as with Mortgagw witFart in any way vitiatin9 dr disclwqing fl~ Mortysgors' Ij~b~lity..here- under or ~pon the del~t hereby secu~ed. No sale of the premises hereby mo?tgaged u+d no forbearance on the part of the INORTGAGEE a its subcesson w~ssigns ~nd no extens'wn of the time fw the prtymeM of the debt heroby secvred given • bjr the MORTGAGEf or its suaessors w' assiyni, shaH operat~ ro r~l~as~, discharyc.- modify chanpe a affect ths wig~nal liability of the MORTGAGOR .hereity ather in whole or in part. - _ . . • s 10. It is specifically agteed tMt time is of ths essence of this contrad and that no waiver of any obligatan hereuntkr or of fhs oblipation sa- cured hereby shall at eny time tAereaftd be held Io be a waiver of the terms hereof or of the iratrument secured herby. I1. In addition to the fwego:ng monthly psyments of print:pal and interest required by the promiuory note secured. hereby, mortgagor tovenants and agrees to pay to mortgsgec with each monthly paymerit ~n additional sum estima?ed~br morfgagee to be`equal to 1/12 0~ the annual cost of the follow- ' n 9 ~ . _ . . _ ' _ . • . . . • . ~ _ . A-All real property taxes_ levied or sssessed againsf fhe,abov~ dewibed real estate. ; B-Premiums ort fire and windstorm insurance as herein requ~red to be carried oa the improvements situate on the above desaibed premites. C-Premiums on such mortgage guaranty insurance as mwtgagee shsll from time to time deem fit to carry on the {oan secured hereby. JNortgagee shall from time to time notify mortgagor in writing of the amouM due and payable hereunde~ and such wm shall thereupon be due and ' payabk on the due date of the ne:t awnthly payment and eath s~tcessive mo~?h thereafter urtil mortgagee shall notify mortgagor of s change in wth amount. Such sums shafl be applied by morigagee toward the paymcnt of real property taxes, insurance prem~ums, and mottgage gua~anfy inwrante ~ premiums. • k IN WRNESS WHEREOF, the said MORTGAGOR h~s hereunto xt his hand and seal the day and yesr fint aforesaid. ; Siy led and livered i the presence of: H~S ~ J~~-~-%~-~.~ =:.5rnnes (se.4 Mark n f ~..~d (s..b ~ e ia ones n STATE OF FLORIDA ~ St. Lucie ~ counmr oF ~ k Before me personslfy appearcd JSmes Jories a~ Delia Jones ° ha wife, to me well known and known to me to b~ the individwls described io and who executed the foregoinp instrwneet, and ackrawledyed before me that they execoted the sams for the pvrposes rhe,~M ~xp?es,ed. A„d N„ sa;d Delia Jones _ , wife of the said James Jone s vpon a sep~rat~ and privat~ examin~Yan by me taken separate ~nd apart from her said husband, aduwwledged to end before me that she executed ssid instrumenf fn~el~ and.rotun- tarily ud witho~t ~Mr compulaion, constraint, apprehension.~~feu of or from I~er said Mnband. WITNE55 my Mnd and official ~al this ~9~ day of OVtr:ID~I j~_:~ ~ . . _ . . Notsry PuWit in ~~d for the Stat~ of ~~da ~L~rp `r - My Commiuion expires: /2 _ y~ /`t(', P. V.~: r~ Retum Ta. • 4 , ~ ;3 F~~t sa~~~s a ~ ~arw~ FILED ANQ REGORD~+p~ ~ C : ~ - of Fo?~ P~e~c~. ST. IUCIE C ; , ~ ; ~ = . wn P~~.«. F~«~aa E~E:C~MAYp OUN; Y1EF~LA. :;~`,':2- QJ :`r.-' ~ ~ 1 ~~%~/KaJV i _7, %~~.G. _ f;.(G Y.,~ . '6S NOV 2 I AM I{:~ I 8- ~ This Instrument Prepared By Fi~st Federal Savings b Loan Association ~e N~ ' of Fort Pierce ~OGER ' ITRAS Ja~sea D. Chaatain CLERK CIRCUIT COURT: Chedced By ~ } B~K~ f 4 P11~'iE~~~ ~ ' cf ~ - . ~1