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HomeMy WebLinkAbout2296 . . - ~ To pl~q and conHnuously k~ep on tM buiidinps now or henaftu ~ituatt on said fand ~nd on all equiprneM and pnsonaily covared by thi~ mon~ < sg~, w;th dl premi~mf therwn paid in foli, firs insur~nc~ in ths utual standa~d polity form, in a sum approved by ~he MORiGAGEE, a~d winditorm insw~nc~ in tM uiwl ua~dard pol~cy fam, in a wm approved by the MORT(3AGEE, tn u?ch tompany w companip as th~ MORTGACsEE ~nay di~fctt ~nd •If tirs and windstorm inwranoe pol;cia on any of s+id buitdin~s, ~ny int~r~it thtroin or part thereol, in tM ~yreq~te ~um ~fa~~aid o? in ~xc~ss thereof. sMll contain tF+~ uwal itand~rd matya~ee clause a such other dauss ss tM MNtpayw may requ'u~, makinp fM loss unala uid po1F ~ ciss, esch ~nd ~ve.y. paYabl~ to iaid MORTGAGEE af ib intaresl may appear. and cach arx! ev~ry avch po1;ry shall b~ promptly ~ss:y~ed ~nd d~livered to +ny Mld by s~id MORTGAGEE as further secu~ity to iaW mortyage dcbt, and, not less tMn ten (10) days i~ adv~nce of ~he expGation of each pol'~cy, to ds~ ~ liwr 1o said MORTGAGEE • rtnewal the~eof. topether with a receipt fw Ifie premium of tutfi renewal; and there shall be no fi~e w windstorm intwant~ placed on a~y oi said buildi~gi, any lnterest thsrein or psrt thereof, unleu in tl+e form and with tM lots payabk +s atweiaidt snd in tM ~wnt any wm of nwney becomss payabl~ vnder such policy or policies wid MORTGAGEE shsll hsvs the option to receive and apply ths same on accou~t of /M indebted- ~eu tetured htreby p~ tp permit said MORTGAGORS to reteiw and us~ it or any pa.t thtreof for orher purposes, without thareb/ waiviny ot ~mpair• irg any puity, lito or right under or by virtue of this mortysge; and in the event said MORTGAGORS shall fa sny rea~oe~ fall to koep the s~id premises so inwred, w tail fo deliver promptly ~ny of said polw:es of insur~nte 1o said MORTGAGEE, ot fail promplly to pay fully ~ny premium thereta a in any rsspect fail b pertorm, dischuge, execvts, effect, compkte, comply wi?h and abids by this covenaro, or any part hereof, said MORTGAGEE may place ~~d ~ paY fa :uch k?surancs a~ny part thereof without waivinp or affectinp a~y option. Ikn. equiy, w right unda or by vinw of Ihis Mortgaqe, and tM ' full ~mo~ot of ~ach a~d every s~ch payment thalt be immedietely d~s and payable and shall bea~ Interest fran the date thereof tmtil p~id at the ~at~ of ' n~ne pa~ centum pe~ ennum and together with wch i~terest ihall be secured by ihe lien of this rtartgsge. j To p~rmit, eommit w suffa ?w waste, impairment w deterioretan of said property p any paA thereof. ~ ~ 5. To pay all and slrgulu the coats, charpes and expenses, i~cluding a ~eaionable attor~ey's fee and cosn of abstratls of title, tr~cunad or paid at any tims by said MORTGAGEE, becau:e a i~ tM event of the failure o~ the parf of the said MORTGAGOR to duly, prompNy and fully perfo?m, d7uhargg executs, effect, camplete, comply with and abide by euh and every the sfipulations, agreementa, conditio~s, and covenants oi said promissory note and thu ~ mortpape' ~ny a either. and said cosb. chargea and expenses. each and every, shatl be immediafely dua and payabler whetlx~ a not there b~ notice de~ ( mand, attcmpt to colktt ot wit pendingt snd tF?s full amount of each and every iuch paymeM shall bcar imereat from the date thereof until p~id at tM ' rate of ~ine per centum per annum; and all said costt, chargcs and expenses incurred w paid, together with auch infaresL ihall b~ setured by ths litn of thu rnO~fQi~l. ~ 6. Tl~st (a) 1n the event of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in ths event aoy of said wms of mo~ney t herein referred to be not promptly a~d fully psid within thirty (30) days next after the same severalty becqne due and payable, without demand w notite, or (c) in the evenl esth and every the stipulations, agreements, conditions and covenanb of sa;d promiuory note and tfi~s mortgage any or either are rwl iuly, promptly and fully performed, d~uharged, executed, effected, comp{eted, complied with and abided by, ~hen in either or ~ny such eveM the said a¢ grpgste wm mentioned in said promissory note the~ remaining unpaid, with imerest acaued, and all mo~eyt secured hereby, shall betome dw snd pay- able fwthwith, w fhrreafter, at the option of said MORTGAGEE, ai fully and completely as if aIl of the said sums of money were wigir?ally stipulated to be paid on such day, anything in said promissory note w in this Mortgsge to the contrary notwithstsnding; and thereupon p thereafter ~t the option of said AAORiGAGEE, without norice or demarrd, svit at law or in eq~ity, there(ore or thereaiter begun, may be prosecuted as if all moneys seturad hereby had matured pnor fo its institutioo. 7. Tha? io the event that at the beginning of or a1 any time pending any suit ~pon thts Mortgsge. w to foreclose it, ot to reform it, or to enfwp payment of any daims htreunder, said AAORTGAGEE shall spply to the Covrt havi~g jwisdiaion the~eo! fw the appantment of ~ Receiver, auch Court sF?sll forthwith ~ppoint a receiver of seid mortgaged property all and sing~lar, includ~ng all and singular the income, proiits, iuues and revenues from whatever source derived, each and every of which, it being exprtuly understood, ia F+meby mwtgaged as if specifica~ty iet fwtA and detcribed in the granting and habendum clauses iie~eof, and such Receiver shall have all the b?osd and effective funct~ons and powers in anywise emrusted by a Court fo a Receiver, and such appointment shall be made by such Gourt as an admitted equity and a rn~lter ~of absolute right to said MQRTGAGEE, and without. reference to tM adequacy or inadequacy of the vslue of the propertr mortgaged or to the sohre~cy or insolverxy o1 said AhpRiGAGOR or the defendants, and that such rents, profits, ir?come, iu~es and revenues shatl be applied by such Receiva according to tht lien or equity oi said MORTGAGEE and the practice of such Courf. 8. To d~fy, promptly and fuliy perfwm, discharge, execute, efFect, comple~e, comply .wi?h and abide by each and every ihe stipulations, sgreemeny, co~ditio~s snd cov~nants in said promissory note and this mortgsge cet fwth. 9. That in the event the ownenhip of the mortgaged premises, or any part Ihereof, becomes vested in a perso~ other than fhe MORTGAGOR, th~ MORTGAGEE, its successors and auigns, msy, without notice to the MORTGAOR, deal wi/h such succeuor ot wCCessor in interesf with referente to this martgage and the debt hereby secured in the same manner as with Mongagw without in any way vitiating or dischargi~g the Mortgagors' li~bility here- under or upon the debt hereby secured_ No sale of the premises hereby matgaged end no forbearance on the paA of the MORTGAGEE or its wccessas or assigns and no extension of the time fa the payment oi the debt hereby secured given by the MORTGAGEE or its s~ccessors w asiigns, shalt operats to release, discF?srge, modify change or affecf ihe orginal liability of tF~e MORTGAGOR herein, either in whok w in part, 10. It is specifically ag?eed that time is of the essence of this contract and that no waiver of any oblga6on hereunder w of the obliyation se- cured hereby shall a~ any time thereafter be held ro be e waiver of the terms hereof a of thr insv~men~ secured herby. 11. In add~tio~ to the forego:ng monthly payments of princ psl and interest required by the p~omiuory note secured hereby, mortgsgor covenanh and agree a to mortgagee with each monthly payrnent an addi~ional sum estimated by mortgagee to be equsl to 1/12 of the annual cost of the f ow-- ing: A-Atl real property taxes kvie sed agai~st the above deuribed real estate. B-Premiums on fire and windstorm insurance as u~red or~ the improvemenh sit~ate on the above desvibed p?emises, C-P?emiums on such matgage guaranty insur tgagee s 1-4ra rime to time deem fit to carry on the bao secured hereby. Mortgagee shail from time t ' i y rtwrtgagor in writing of the amount due an syah(~hereunder and suth sum shalt thereupon (x due snd payable on the due d e next monthly payment snd eath svccessive month thereafter until mortg II notify mortgagw of a cFwnge in such amount. s sF.ail be applied by mortgagee toward the payment of reat property taxes, insura~ce prem:ums, gage gvaranty inturence p ms. 1N WITNF55 WHERfOf, the said AM1ORTGAGOR hss hereumo set his hand and aeal the day and year firsl aforesaid. ~ Sipned Seal and del' ered 'n the p?esence of: . • ~ n h S n S STATE OF FLORIDA ~ counmr oF St. Lucie ~ Befwe me pena~ally appeared Reais D. Trefe7 ner ~ Genevieve S• Trefelner his wife, to me we11 known snd known to me to b~ the individwls desuibed in and who executed the foregoinp i~strument, and acfcnowledged before me that fhey exet~ted tt~e ~ams iw the purposa ~rk«~+ ex~.~,kd. ,a„~ ,t,. Genevieve S . Trefelner wife of tM said'"~~ "'<<.- RQ91S D. Trefelner opon • separats and priv~te examinatwe by`,ira ts~n te~sarst~ and apart from her :aid husband, sdcrwwledged to and befwe me that she execvted said instrume~l freelr and wlun~ iarily anc~ ar~hCUt' 1M1?.~ii~~~y oocitt~aiM, appre ion, or fear of or from her said fwsband. - W1TPf~SS~.m~? furd and offkiai'sea~ . day of I3@C@ er A. D. 19_ 6$ = - r- Notary Public in a.id for the State of Flwida ~t luyt `~'..a~~~~:ia~~ t~; f •FtlEO AND RECORt~O~ St+b ol florii~ at tae~a firi~, fed~al,sa~t~a.d;c,o`'a~c/~?ssot~ar~ ST, LUCIE COUNTY Fl,A. ~ o#'~o.~ ~,P~~.~~. R F C~ V RI FI E p ~ Cau~ission E~pires Sept. 23. 196~ : ~'~ivrf, P'~ei~e,,~ftorida ~2?~?84 ~O°~ ti ~a.rirw i'w ~ C~rlr G. 4 f i '68 OEC 9 PN Z: 35 ' This Instrument Prepared By yGL~-~/ First Federal Savings b loan Association ~ of Fort Pierce R~~n ~`OITRAS ; CLERK CIRCUIT COURT; ~ Checked By J • Collins BOOK 17~ PACE22g1 „ ,c~- - - - ~ " - cf - _ -