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HomeMy WebLinkAbout1153 ~ ' { . d L+ 3. To plan and contirkrwaly kt~p on th~ buildinps ~a~w w hK~after ~itv+t~ o~ iaid land a~+d on. all equipne~t and p~rwnaliy cov~red by thi~ mat~ { ap~, with all pr~m~ums tlureon p+id in fuil, fin insuranc~ ie tM uwal uandard policy form. k~ a t~m ~pp~oved by 1he MORiGAGEE, and wind~twm inswanc~ ie~ tM uswl sta~+d+rd policy iarn, tn • wm ~pproved by tM MORTGACaEE, in wch comp+ny or compa~+ies ~s tM MORiGACsEE may dinctt and ~II fir~ and w~ndswrm i~wrana policiN on any oi said build'+nps, u+y interost thertin or p~A thtrtof, in tl+~ a~repa~~ avm afor~said ot In ucceu tF+eroof. sM0 contain the ~iwl atandard mortqaps~ clavsa w sucA wi+er tlaus~ ~s the Matpa9e~ m~r rcqvin. makinp tM loss ~nd~+ ~+~d po1i~ cies. ~~ch a~+d every. p+Yabl~ b said MORTGAGEE as in inr.rea~ may •pp.ar. and each a+?d ~ve~y t~ch policy sh~ll b~ prompNy su y~?ed and deGvtred to ~ any hsld by said MORTGAGEE as furtF?K sec~rity to ~id mort9~ dtW. and. oot ku th~n ten 1101 d+YS In +dvance of tf+s eapiration of each policy, to da ~ liwr fo a~id MORTGAGEE a renew~l tMnof, topet!?er with a receipt for the prt~n~wo of such renewal; snd Iher~ sh~ll be ro fire o~ windstam i~wr~exe 3 pl~pd on ~ny of said buildirgs, any inte~est thHein or part tMreof, vnku in ihe form ~nd with tFw loss payable ai afwes+id; and i~ the evtnt any sum of nwiwy becwn~s p~yabl~ w+dM wch policy o? policiss ~aid MOR1CaAGEE shall haw th~ option to receive and ~pply the same on account of the ind~bted neu secvred he~eby o~ Io permit s~id MORTGAGORS fo nwiw and u~ it p•ny part thereof ta othc~ purposes, without ~hs~eb~ waivi~y a ~mpair- inp any pu;ty, Ge~ or riqht uoder w by virtw of lhis mortyayes +~d in tl+~ ~vtnt ss~d MORTGAGORS sha~l fw ~ny ~eason fail ro kcep the ss~d prcm~sa so insured, or fail b deliver promptly ~ny of s~id policies of insurante fo said MORTGAGEE, or fail promptly to pay fulty any premium therefor w in any reiped fafl to perform, d~schu~e, execw~, ~ffec?, complete, comply with snd abids by this covenant. a anY part lw~eof, ssid MORTGACsEE may pl~ce +nd paY fw such Gu~raxt w~ny part thereof without waivinp or affect~np aMr optron, lisn, equity, w ~ight vnder w by virtue of thls Mort9s~. and the full ~mount of each u~d evtry such paymt~t stwll be immediately dw and prYabk and shall bear interest from ths date thereof umil paid at ths ~at~ ol n~ne pa~ centum pe? annum and to~etF+er with t~ch intae~t sha{I be secured by tM lie~ of this mort9a9e. 3, To ptrmit, oommit w suffar ra wasls, impaumeot a detetiuatian of said prope~ty o~ +ny part the~eof• S. To pay all and sinpula~ the coan, chu~es a~d ~:P~r?s~s. indudinp + re~sonable attorney s fee and cosn of abstracts of titk, incurred w pa~d st any time by said MORTGAGfE, b~cavse or in the event of th~ failwe on the pa?t of th~ said MORT(iAGOR to d~ly, promptly ~nd fully pe~form, dischargR execut~, ~ff~ct, complNe, comply with snd ab~de by ~ach and every the stip~,lations, agreemenq, conditio~s, and covenann of sa~d p~omissory note and ~his mort~ape anr w ei~her. and s+id costs, charpa and eapenses. e+ch ~nd ~varl, sh+ll be immediately dve and payable: whether a not there bs notke dr mand, +nempt to collect or wit pendinp; ~nd ttw full smount of eath and .ave~Y such payment shall bear interest from the date thereof until p~id ~t the rate of nine per centum per aruwm; ar+d all said tosls, chuges snd eapenses intwred w paid. together with tuth iroerest, shall be setured by tFk lien of thi~ motf~a~. ~ r 6. That (a) in the event of any txeach of this Mwtgag~ o~ defwlt on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of ma+ey herein refe~red ro be not promptly ~nd ful y paid within thirty (30) days next afte~ the same severally become d~e and payable. withoul demand a notice, - or in the event cach and every the :tipulatian, agreemeota, conditions a~d covensnts of sa:d promissory note and th~s mwtga9e any or either are nol ~uly, promptly a~?d fully performad, discharged, execvted, effected, compkted, complied with and abided `~y, then in either or any such svent the said aQ gregat~ wm meMioned in said promissory note then remaininp ~npaid. with interest xaued, and all moneys secured hereby. shall betwne dw snd pay~ abte fqthwith~ Of 1IfQfNIfK. at the option of said MORTGAGEE, ~s f~lly snd comp:etely as if a!I of the sa~d wms of moner were origin~lly ~tipulstcd ro be paid on such dsy, anythiny in said promiasory noro or in this Mort9age ro the contrary notwithstanding; ~nd thercupon w thereafter ~I the optla? of said MORTGAGEE, without notice w demand, suit ~t law w in equity, fherelo~e w thereafter be~un, may be {xesecvted as if all ma~eys set~red txeby had matvred prwr to its imtiwtion. 7. Tha~ in the event that ~t the beginning of or at any tm~e peoding any wit ~pon this Mortgsge, or to foreclose it, a to reform it, w to enfurc~ payment of any claims he?eunder, said MORTGA6EE slull ~pply ro the Court having jwisd~ctiun the~eof for the appo~ntment of a Receiver, such Court shall Forthwith sppaM a rectiver of said mortyaged property all a~d sirgvlsr, intl~d~ng all and singular 1he income, profib, iswes and revenues from whatevet wurte derived, each and every of which, it beinp exptessly under:lood. is hereby mwtgaged as if spec~fically ut fpth and described in the gnNinp a~d habendum clauses hereof, and such Receiver shell hsvs all tM brwd snd effective funct~ons and powers in a~ywise entrusted by a Court to a Receiver, and t such appointment shatl be made by such Coun as an admitted eq~ity and a matter of absolute right to said MORTGAGEE, snd without reference ~o ths adequscy or inadequaq of the valve of the properry mong+ged or to the sonrency w insolveexy of uid MORiGAGOR p the defe~dann, and that such rents, profib, irxome, issves a~d revenves shall be applied by such Receiver accwding to the 1'Kn w equiry of said INORTvAGEE and the pradite of such Court. • 8. To duly, promptly and fully perfom~, d+scharge, execute, effect, complrte, comply with and abide by each and every the stipulations, ~greeme~n, conditiont and covenants in said promissory note and this mwtgsge set forth. 9. Th~t in the event the ownenhip of the mwtgaged premises, w arty part thereof, becomes vested in s person other than the MORTGAGOR, tFw MORTGAGEE, ita successon snd auigrn, msy, without ratice fo the MORTGAOR, desl with such sutcessor, or successor in interest with refc~eoce to this mwt~~e snd the debl hereby sKUred in the same mar+ner as with Mo~lgagw without in any way vitistinp a discharging the Mutgagors' liabiliry here- under or ~pon the debt hereby ucured. No sale of the Fvemius hereby mortgaged and ta forbearance on the paM of the MORTGAGEE a its successon or auigns and no extension of ihe time fw the payment of the debt hereby setured given by the MORTGAGE£ o~ in :uctessors or suigr?s, shatl operale to rekase, discharge, modify change or affect the wiginal li~bility of the N10RTGAGOR Ixrein, either in whob w in p~rt. 10. It is spet~fiqlly sgreed that time is of the essence of this contract ~nd thst no waiver of any oblig~tion hereunder w of tM 9bligatan se- cured hereby shall at any time thereafter be held ro be ~ waiver of the terms hereof a of the instrument secured herby. ddifion to the fwego:ng monthly payments of print pal and interest req~ired by the promissory nore secured hereby, mortgagor c~nts and agrees to pay o with each monthly paymeN an additanal sum estimated by mortgsgee to be eqwl_to 1/12 of the an L.E~follow- ing: A-~All real propecty taxe= kvied or assessed agsins e desw~bed real B-Premiums o~ fire and windstorm insurmue as herein r u~ on the improvemenfs situate on the above d°scribed prerti~ses_ , C-Premiums on such mo?tgage guaranty ~ s mwtgagee sh~ll from t~me to t~m 't ro carry on the (oan secured hereby. Morfgagee shall hom time notify mortgagor in writing of the amouM dve and payable hereun er sum shall thereupon be due and i payab~e on the due e ne:t monthly payment and each successive month thereafter urtil mortgagee slwll notify m of a change in wch E amount. ms sF.all be applied by mwtgagee toward the paymenf of real property taxes, insurarxe p~em:ums, and mortgage g 'nsur~nte ~ pr _ ~ IN WfTNE55 WHEREOF, the said MORTGAGOR hss hereunto set his hand and seal 1Fx day and year fint aforesaid. ~ Sigrnd, Se~led and detivered i~ the presence of: +2~ , ~ ~ ~ 1 L~I~Ic"q ~ , +0 . ~ ~ sTA oF ~oRio~ ST. LUCIB courm oF ~ N . ~f~ ~ ~~iy Benni~ Cintonz ,,,d IA~f Cintonz, ~Ol~liSl IA~s CO 6S/ ha wife, to me well known snd k~own to me to be rhe ind;vidwb described in and who ~aecuted the fw~poenp ins t, be e that tF~ey execvted the same ior the purposes .x~.eu.d. s~a ~r~ Lois S. Cintonz, ~oi ~s~r~y~s ~`of~~y wi/e Of f~lf Nid Benn ntons ' • s~par~fe md privat~ ex~miMtion by me taken aepsrate and aparl from Ix~ s~id tnnb+nd. ~dcnowledyed ro~nd beforo rm that she executed iaid instrurrKnt fretly and vok~ urily and without u+y compulsion, cwntraint, ~ppr~~r har of or from f~tt said Fwsband. 69 ~ Jsnuasy ~ o. 19 WITNESS my h~nd and offkial ~sal this d~Y of , - CoRp~, . . : ~ R NTY f LA. ~ r,~,ry P~K ~«+d fa ~r» s~.~. ~ fa?~a.~ u.o. . F11.ED AN ~OU • My c«m,?~~ /a Retum Ta cjT. LUC'0 ~ VGa~~~~~ . • r' " Fint F~deral Sa~iny~ i toan Assodat;on RE.C ( aOT~t~ ~II~UC. iTAlE Of fLOt1~A AT kA~~ . , Of Fort P,~,«. 1?~398.~ M1f COMMfSSIOf~t EX!'~'2=5 OK.:- : 3i j971 . • i f O r t PierCe. F lori~ 1'• 2 5 WND[O 7MIFOYW~ fREO MI. OI[l~~Mf1.Rf! ` . ,69 ~a 20 ~ ~ . . - ~ This Instrument Prepared By ~ a pp~TRaS First Federal Savings b loan Associat~~RK ~~RCUIT ~~URT~ of Fort Pierce - Checked By John w. O~llins . ~ ~ i, , ao~c175 ~ ~ _ • ~ : __e~. - - < ~ ~ ~ . . ~ ~