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HomeMy WebLinkAbout1835 ~ ~ . . . 3. To pl~te and co~tinuo~sly keep an tM buildings naw a hsreafter siwst~ o~ s~id I~e~d and on all equipment and penonally coverad by thti mo~tg, •y~, with all premivms the~eon paid in full, iire insurance ~n the usual standard poticy form, in a sum approved by the MORiGAGEE, and windita~» insuru?ce i~ tFa uswl itandaid pol;ty fam, In a sum approved by the MORTGAGEE, in tuch company or companies as the MORTGAGEE m+y ; directj and all iire and w~ndstorm insurance policies on any of said bu~~d~nps, ~ny intenst the~ein or pa~1 tF+ereof, in the a~reyat~ sum ~fotesaid q in extess thereof, ~hall co~tain the usuai standard mangages clauss a such othe? tlauss as !hs Mortpagee may require, makinp Ihe lou unda said poli~ ciei, each and every, payable to said MORTGAGEE as its intereit may appear, and esch and every s~ch policy ihall be promptly ass:gned and delivered to •ny heW by said MORTGAGEE as further security to ssid mor~gage debt, and, oot leu than ten (10) days in advance of the expiration of each policy, to da live~ to said MORTGAGEE a renewal tF~ereof, toyelhe? with a rece~pt fw the premium of such renewal; a~d the~e shall be no fire o~ w~ndstorm insuranc~ Placed on any of said buildings, any i~teresl thereie? w put thereof, uoless in Ihe form and with the lou payable as a(wesaid; and in the eveN a~y tum ef nwney becanes payabte vndey such polity or policist said MORTGAGfE shall lwve Ihe option to receive and apply the same on acco~nl of 1M i~debted- neu sec~~ed hereby w to permit sa~d MORTGAGORS to receive and use it o~ any pa.t thereof for othcr purposes, w~~hout th~eb~ wai~ing a~mpair- iny any equity, tien ot r~ght under w by virtue of this mo:lgages and i~ Ihe evenf said MORTGAGORS shall for any reason fail. to keep the iaid premisa ao ins~~ed, a fail to deliver promptly sny of said policies of insuranca to said MORTGAGEE, w fail promp~ly ~o pay fully any premium tF+erefor or in ~ny respact fail ro pertwm, dixharge, exec~te, effact, complete, comply with a~d abide by this tovenanl, or sny part hereof, said MORTGAGfE may ptace and pay ta such ir?iurance o~ any pa~f thereof withovt waiving a affcding any option, lien, equity, or right under w by virtue of this Mortgage, ~nd tht full amount of each and every such paymem sF?all be immediately due and payable and shall bear interest irom the date thereof until paid a1 :iw~ rate ot nine per cmtum per annum and to~ether with suth interest shalt be secured by the tien of this mwtgage. I. To permit, commit or suffer no waste, impairment or deterioratio~ of said prope~ty w any parf thereof. S. To pay ell and singular the costs, charges and expenus, including a reasonable at~wney's fee a~d cos~s of abstracts of title, incurred w paid at any time by said MORTGAGfE, because a in the event of the failure oe Ihe part of the said MORTGAGOR to duly, promptly and fully perform, d~schargR execute, effect, complete, comply w;th and ab:de by each and every the stipularions, agreements, conditions, and covenaots of sa;d pranissory note and thii mortgage any w eith~v, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable: whether w not there be notice de, mand, attempt to collect or iuil pend~ng; and the ful~ amoum of each and every such paymem shall bea? imerest fram the date thereof until p~id al the rafe of nine per centum per annum; and al! said msts, clwrges and expenses inturred or paid, together w~th suth iNerest, thall be secured by the lien oi thi~ mortgage. 6. TMf (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the eve~f any of said swns of money herei~ referred to be not promptly and fulty paid withFn thirty (30) days nexf after Ihe same severatly become due and payabte, without demand w nofice, or (c) in the event each and every the stiputations, agreertKnts, conditions and covenants of sa:d promissory note and th~s mwtgage any w either are not ~uly, promplly and fuliy perfwmed, d~uharged, ezecuted, effected, compkted, compiied with and abided 'ay, then in either ~x any such event ths said ag ! gregate wm mentioned in said promissory note then remaining unpa~d, with interest accrued, and at1 moneys secured hereby, shall become due ar?d p~y- able fwthwith, or thereafter, at tha option ot~3'aid MORTGAGEE, as fully and completely as ii all of thr said sums of money were aiginalty slipvlated to be paid on such day, anythirg in sa:d promiuory nore w in this Matgage to the tontrary notwiths~nding; and thereupon w thereafter at the option of said MORTGAGEE, without notice o~ demand, suit at law or in equity, therefort a thereafter begun, may be prosec~ted as if all moneys secured hereby had matv~ed pnor to its inslitutio~. 7. Thaf in the event that at the beginning of or at any time pending any suit upon this Nbrtg~e, o? to fweclose it, or to reform it, or to enforce payrrKnt of any claims he+eunder, said MORTGAGEE shall apply to the Court having jurisdiction 1he~eol tor tF?e appointment of a Receiver, such CouA shall forthwith appoint a receiver of said mwtgaged proQerty all and singular, irtclud,ng alt and singutar the income, profits, iuues ar~d ~evenues irom whatever source derived, tach and every of which, it being expressly understood, is hereby mortgaged as if specifically xt fwth and destribed in the granting end habendum dauses hereof, and such Receiver shall have all the broad and effective funcuons and powers in anyw~se entr~sted by a Court to a Receiver, and such appointment shall be made by such Court as a~ admitted equity and a ma~ter o! absolute right to said MORTGAGEE, and without reference to the adeq~acy or inadequacy of the value of the property mortgaged or to the sotve~+cy or insolvency of said MORTGAGOR w the defendants, and thal such ~ems, profits, irxome, issuei and revertues shall be applied by such Receiver according to the lien or eqvity of said MORTGAGEf and the practice of s~ch Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, tomplete, comply with and abide by each and every fhe stipulations, agreements,^ conditions and covenants in said promissory note and this mortgage set forth_ 9. That in the event the ownership of tiie mortgaged premises, o~ any part thereof, becomes vested in a perso~ otlxr fhan tF~e MpRTGAGOR, the MORTGAGEE, its succeuws and assigns, may, without not;ce to the MORTGAOR, deal with such successor w successw in interest with reference to thw mortgage and the debt hereby secured in the same mannet as with Mortgaga without in a~y way vitiating p dixhargin~ the lNortgagors' tiabilify htre- u~der or upon tF?e debt hereby secured. No sale of tbe p~emises he~eby mortgaged and no forbearance on 1he pan of the ~hOR1GAGEE w its successws or assigns and no extertsion of the time for the payment of the debt hereby secured given by the NIORTGAGE'_ or its suctessors or auigns, shall operats to release, discharge, modify change or affetl tRe origina~ liab~t~ty of the MORTGAGOR herein, either in whole or in part, 10. tf is spec~ficalty agreed fhat time is of the essence of this contract and that ro waiver of any obligation herevnder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. In add~tio~ to the forego'ng monthly payments of princ'pa) and interest required by the promissory note setured F?ereby, morigagor tovena~ns and agrees to ortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of fhe annval ing: • A-All real property taxes levied w assess ' t the above deuribed real estate. B-Prem~ums on fire and windstorm i~surance as hercin requ~ tarri ~mproveme~ts situa!e on the above despibed premises. C-Premiums on such mo~tgage guaranty insurance as mort a irom A deem fif fo carry on the loan secvred hereby. Morrgagee shafl from lime to time notif r in writing of the amount due and payable nd such sum shail tF~ereupon be due snd Fayable on the due date of the n y payment and each suctessive month thereafter ur.til rtwrtgagee shall no ~ ~ w of a change in sucF~ amount. Suc6 sums applied by mortgagee toward the paymenf oF rea! property taxes, insvrance prem:ums, a~xl mortgage g ' urance IN WITNESS WHEREOF. the said AAORTGAGOR has hereunto set his hand and seal the day and year first aforessid_ Si9ned, Sea~ed and delivered in the presence of: 0~ J\ n ~ ~ 4~ s~ ~ ~ (S~an ~ ~ ~a~ ~-n ST TE Of FLORIOA ~ courm oF ~t. Lucie sefa~ personally appeared - G. B. Walters Allieee Walters his wife, to me wetf ic~own and known to me to be the individwb desuibed in and who e:ecuted the fwegoing instrument, and acknowledged before me that they executed the same for the pv~poses therein expressed. And the sai Alliece Walters •~'r~-,i wife of ths said G. B. walters " examination b me taken se pa ~ ~,I?e~?P~f~,~,pmrat~ y parate and a n from her ssid husband, acknowl ed ta and befwe me tF?at she executed 'fnsfry~lM keeix rMd vplve. taril y and without an y c o m p u l s i o n, c o n s t r a i M, a p p r e h e n s i o na~ f e a r o f o r f r o m h e r s a i d hu s b a n d. ~ : WITNESS my hand and official seal this 3/ dey of e-- ~ A~p (~9 ' . j-~. : - :J ;7 t~ r _ ' Notary Public in and for the Sta16 of ~orid~ a/Zlat~et~~ M ~ission expires: ~a , • R""•" i°: FILEO ANO RECORDErD~ Fint F~?ai s~~~~~ a nu«~at~o~ ST, LUCIE COUNTY~ RLd'. ~ Of Fo~t P~e~ce. FZF(~(lirp VERIFIED fort Pierce, Florida ~w~ t h~ r '69 FEB '1 AH ~ ~ : ~ This Instrument Prepared By is~ First Federal Savirtgs 8 loan Association ~ of Fort Pierce i'0~ POITRAS CLERK CIRCUIT COURT: Checked By _J. Chastain f _ ~o~K175 ~~~g3~ ~ ; _ ~ ~ cf ~ ;v ' : r ~ Y~~ "~s.,~ ~"'v`a. t+ _ . . _ _ ~r._ .,.i4-.~~+.'7._~.~`.~`Ir: