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HomeMy WebLinkAbout2869 t i ` To plan ~nd continuously kNp on tM bufidfnpt now w hK~ahK ~ituau on said I~nd and on ~II puipm~et a~d pa~onally covved by this mortp~ p~, with ~II pamiums tMnon paid in full, fir~ intur~~x~ in tM uswl st~ndard policy form, in • svm approv~d by tM MORTGAGEE. ~nd wi~torm insv~ar~cs in tlw ~iwl itandard policy fwm, in ~ awn app~ov~d by tM MORiG/1GEE, I~ wch compsr~y w con?p+nies ~s ~M MORTGAGEE nwy dindt ~nd ~II fin +~+d wi~htorm tnswano~ polici~s on iny oi sald bi+ildinpb u~y int~nit iM?ei~ w put ther~ol, in tM pyrepat~ wm afw~~W or In txteu tM~eof, sh~ll contain tM usual st~ndud morty~e tlws~ a such otFwr cl~u~s u the Morty~pt~ m~y ~p~W~. makl~p tM lou unda srd po1F ci~s, each snd every. p+Yable ro wid MORTGAGEE as in intKpt may ~ppe~r. u~d tach and ~very tuch policy ~hall be promptly au~yn~d W+d d~liver~d ~o ~ny MW by said MORTGAGEE u tunha securiry to iaid matq~ debt, ~nd, flOt Ifif fMfl tM (IO) ~yi If? advanc~ of tM expiratan of each policy, ro de- liw? to s~id MORTGAGEE a renewal ther~of. top~tM? with ~ reaipt iw the pnmium ot wch renewalp ai+d ~hen aF?~II be „o fin or winditwm insura~c~ plaad on any of said buiWirg~, ~ny interest tM~~in or pa?t tMnof, unleu in tM iwm ~nd with tM loss payabl~ as ~tu~said~ and in tM ~wnt any wm of moMy becomes p+y+bls undsr such pc~kY or Po~K~ss s+~d MORTGAGEE shall 1»w tM optan to receivs snd spply the ssrrN on +ccount of the indsbted~ ~ess sscur~d he~eby o~ ro permit s~W MORTGAGORS to nuiw snd uw i1 a any psrt thereof for othe. pu~poses, wi~hout thereb~ waiving a imp+ir- ir~ any p~rity, lien or riyht ~~dx or by vi~tw of this mortya~; and in tM sveet taid MORTGAGORS shall for any ~eaion fail to keep the uid premises ~o inwr~d, or fall b deliver ptamptly any of said polities of insutsnu ro said MORTGAGEE, w f~il promptly to pay fully any premium therefw or in any resp~ct fail 1o paform, discMrge, executs, effect, complete, comply with ~nd abide by thh tovenanl, w any parl Mreof, said MORTGAGEE msy plw^~ and pay fa such imwariu a any p+rt' therwf without wshrirp w affecN~y ~ny option, li~n, puity, or right undsr or by vinw of this Nbrtysp~, and ths full ~mount of each and ~wry wd~ p~yment shall b~ immadiat~ly du~ and pryabls and shall baar hterest from tM date thereof w+til peid at the rat~ oi nine per centum pK ~nnum ~nd tagether with uxh interast tMll be secured by tM lien of this mat9+pe. 1. To permit, commit o~ suff~r no wast~, imp+irmsot or dete~lu+tion of s~id property a any put tha~eof. 5. To pay all and ~inpulu tFK costs, chsrpes and ezpenses, Includinp • reasonable attwney's fes u+d wsts of abstwcn of titl~, incurred or psid ~t any tims by said MORTGAGEE, bsu~?s~ or In iM ~wnt of tM f~ilun on th~ p~rt of ths uid MORTGAGOR w dvly, promptly +nd fu~lY pKlorm, di~char~, executs, ~ffact, complet~, comply with u+d abida by sach and every tAe stipuletioes, agreen?enn, conditions, and coven~nts of said promissory note and thii mortyape any or ei~her, and said cosn. charqea a~d expens~s, each and every, sMll be immediately dve a~d psyabtes whethe~ or not there be ewtice d~ mand, ettempt to collect w suit pendirg; and the full anaunt of each and every wch payment shall bear interest from the dats tF?ereof unKl paid ~f tM rate of nine per ceotum per annum; and all aaid costs, thu~es and ezpenses inaured q paid, together with such interest, shall b~ setured by tM lien of tF?if mortps~- b. 7Mt W in the svent of any breach of thts Mo~t9sp~ or def~vlt on tM pan of the MORTGAGOR, o? (b) in tl+e eve~t any of taid sums of mor?ey horcin referred ro be rat ptomptly and fully psid within thirty (30) days next after the same severally betome dw and paysble, without dtmand or ootite. or in the event esch and every the stipulatio~s, agreements, conditions and covenanb of sa~d promissory note and th~s matps9a any w either u~ nol iuly, promptly and fully performed, diuharged, executed, effected, completed, complied with ~od abided by, then in either or any such eveM tF» uid a~ gregate wm mentaned in said promissory note t!?en remainirg unpaid, with interesl ~caued, and a!I moneys sea?red hereby, sMll beoome due snd p~y- able forthwitFy O~ tlfefNNN~ at the option of said MORTGAGEE, ss fully snd compktely as if ~Il of the wid sums of mo~ey were a~pinally stipul~ted to be pa~d on such day, anything in said prom~uory note w in tha Mwtgape to ths contrary notwithstanding; and thereupa? or thereaher at Nie option of said MORTGAGEE, witFaut notice w demand, wit at law of in equiy, therefore or thereafter beg~n, may be prosecuted as if all moneys secured hereby had m~Tuted prior to its institution. 7. Thst ln ths event that aR the begioning of or ~t a~y tims pending sny suit upoo this Mortgsge, or to fweclose it, or w roform lt, or ro enforu . payment of any claims hereunder, said MORTGAGEE thall spply to the Court Mving jwisdictia+ thereof for the appointment of ~ Receiver, such Court shall Fwthwith appoint a receiver of said mortgaged property all ~nd iinpular, inclvd~ng all and singul~r the income, profits, issues and revenues from whatever sourte derived, each ~nd every of whicF~, it being expressly undetstood, is hereby mortgsged as if ~pecifically set fwth and desuibed in the yrantiog and habendum clavses hereof, aru) soth Receiver shall have all the broad and effective funct~ons and powcn in anywiss enlrusted by a Ca?rt to a Receiver, ~nd i such appointment shall be made by such Gourt as an ~dmitted equity and s maner of ~bsolute right to said MORTGAGEE, and without tefcrence to the ~ adequscy w inadequacy oi the wlue ot the properry mortg~ged or to the wlva~cy w insolvency o( said MORTGAGOR w the dehndants, and that such } renrs, profits, income, iuues ~nd revenues shall ba applied by wch Receiver sccording to the 1'ien or equiry of ssid MORTGAGEE and the pr~ctice of wch Court. - 8. To dufy, prompHy and fully perform, discha?ge, execute, effecL compkte, comply with ~nd abide by ead~ and every the stipvlatwns, sgreemenb, conditions and covenants in said promissory note snd this mortgage set fwth. 9. That in the event the ownenhip of the mortgayed premises, a any parf thereof, becomes vested in a pe~son other fhan tMe MORTGAGOR, ths MORTGAGEE, its svccesson and auigns, may, without notice to tF+e MORTGAOR, deat with such succeuor or successor in interest with reference to tha mortyage end the debt F?ereby sec~red in the ssme manner es with Mortgayw without in any way vitiatinp a discharging the Mwtgagors' lisbility herr ~ndcr or upon the debt hereby secured. No s+le of the premixs hereby mortgsged and no fwtxarance on the part of the MORTGAGEE or its sutcessors or auigns and no extension of the time fw the paymem of the debt hereby sec~red yiven by the MOR7GAGEE w its successon o? suig% shall operste ro release, distharge, modify change a affett ths oriyinal liabilify of the MORiGAGOR herein, either in whok or in put. 10. It is specifically agreed that time is of the essence of this contrad and thsl no waiver of any obligation t?ereunde~ or of ths obligation se- cured hereby sh~ll at eny time thereafter be held to be ~ waiver of the terms hereof a of the instrvmeM secured herby. ition to the fwego:rg monthly payments of print:pal and interest required by ihe promiuory nole secured hereby, mortgagor tov fs and agrees to pay to mor monthly paymeM an sdditional sum estimated by mwtgagee to be eqval to 1/12 of t os o t follow- ~~y; . ~ A-All real property taxes levied w assessed against the above de ' . B-Premiums on firc and windstwm insvrante as ' u~red to be csrrRed on the improvemen s' on the above desuibed premises. C-Premiums on suth mortgage ~nsurante as mortgsgee shall fran time to time deem fit to carry on ~setu~red hereby. ' Mo?tgagee shall fr ' to time notify mortgsgw in writing of the amount due and psyable hereunder and such wm shatllftf~m.wp~ be due and ~ payable on the te of the next monthly paymem and each successive month thercafier until mortgagee shall notify mortgagor of a cha~,n.wch + i amount s~ms shall be applied by mortgsgee toward the psyment of real property taxes, insurance prem~ums, and mortgage gua?a~fy insurance ~ums. ' 1 IN WITNESS WHEREOF, tFx said~ RTGAGOR has here~nto set his hand and seal the dsy and yesr first aforesaid. f ~Siy kd d e '6 the praeote of: f •n n ' K--n STATE OF FLORIDA ~ . SS. COUNTY OF St• L11C18 eefwe me pers«ully ~ppeared Marion P. Ryan, A Widaw and~. ~ ~ fril~wN1~; to me well known ~nd known to ms tn b~ ; the individuab deacribed in snd who execvted the fore9oiny instrumeM, and sdcnowledped befwe me 1F~ats~ exewted the same for ths purpofea _ ~ ' ~ therein ~upressed. Ar~~hs~i ~ .t~, . r wii~~f-~br»ir aP~'~~!P+~'~M!~~~' . . eowrniRalisn-b~++~t~kar ~ep~a~~ w~~a ~-~w~wlra~Mw~wl~~d•t~+wd.~~-tha? ~bes~ew~t~d.said irrtw~~iw fs~ly~d.iroL+o=_ ~er+F~ ~wi~F~s~A +w~een~Pukis~ tww~winA ~pprei~~i~wr ~r-f~sr .~f~ K-i~ow~Mrs~ir ~raYs~i : . + : WITNESS my hand and official seal thi~ day of r %D. '~q 68 - ' ~ ' ~~,tt~• fa ' • Nofary Publ'~c in and for th~ State of f" ~f U . " Ai1y cann?iuion exPires: /Z ~,j-l~.~,.. ~ . a°'"`" T°` ~ FfLEd AND REGORDED~ ~ ' ~ Fint Faderal Sav' s 6 loan As~ociatwn ~ 'r, - r~~, . , ' o~ ~ P~e~c~. ST, LUC1E COUNTY FLA.' r F«t P7erce. Flaids ~~~~~IFIEO - '68 DEC 23 AM ~ 4s . This Instrument Prepared By i J~%~~ First Federol Snvings d~ Loan Association ' of Fo~t Pierce R 7 FOtTRAS CLE CIRCUIT COUR'~. Checked By R . Kaves _ BOOK 1 ~4 PAGEz8~ ~ ° ~ ~ ~ - . ~ ~ ~ _ _ _