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HomeMy WebLinkAbout2168 , _ , t . . ~ ~ • t To plac~ and continvously keep on ths buildinys aow w hsr~sftK situ~t~ on iaid laed ~nd on all equipment and personally cover~d by this mortp~ ; wilh ~II premivms thereon paid in iuil, firo insuranc~ in 1he usual standatd polity form, in a sum approved by the MORiGAGEE, and wint~ttam ; insw~nce in th~ uswl uandard pol~cy fam, in a wm spproved by the MORTGAGEE, i~ such comp~~y or comP+oies as the MORTGAGEE may t d~rectj ~nd ~II fire a~d w:nduorm insuro~ct policies on a~y of said build~nps, any interest therein or part thereof, in the s~re9~ro swn afor~said o~ ; In ~xcess thereof, ihall contain ths uswl itandard mortgage~ clause w such othar clause as 1he Mortpagee may requ~re, makirg Ihe loss vnder wid Po1F ; ctes, e+ch and every. paYabk ro ssid MORTGAGEE ~s its interat may appear, and e~ch ~nd every such policy ~hall be p?omp~lY +ss 9ned and delivered to ~ ~ny heW by s~id MORTGAGEE as fur~her sec~nty to said mutyage debt, and, not leu lhan ten (10) days in advante of the txpiration of esch polity, to d~- ~ livet to wid MORTGAGEE a renewal therwf, toyether with a receipt for tAe pnmium of tuch ~enewal; and there shall be ~o firs w windstorm i~urant~ ~ pl~ced on any of said b~ildings, sny inteteit the~ein ot part thereof, unless in the iorm and with the loss paYsble ss afpesaid; and i~ the ~vent any ium of money becomes pay+ble v~der such policy w policies said MORTGAGEE shall have the option ro receiva and appty the iame on acco~nt of the indabted~ { neu setured hereby w ro ptrmif said MORTGAGORS fo reCerve and use it w any part thereof for othcr purposes, without th~reb/ waiving o~ unpa~r' ing any puity, lien w right under w by vi~tus of tAis motsgage; and in the evant atd MORTGAGORS shall for any reason fail to keep tF+e sa~d premius w ins~red, w fail to deliver pomptly any of said policies of insurance to sa~d MORTGAGEE, o~ fail promptly to p~y fully any premium therefor or in any respect fail to pcrtwm, discha~ge, execute, effecf, complete, comply with and sbide by this covenant, w any part hereof, said MORTGAGEE msy p~ace ~~d pay fw suth inwrance ot sny part thereof without waivirg w effecting any option, lien, equity, o? right unde? w by virtue of this Mottgage, and the futl amouro of each and every s~ch paymem shall be immedistely due and payable and thall bear interest from ths date thcreof until paid at the ~aM ot n~ne per centum per annum and to~ether with such imerest shall be secured by the lien of this mortgage. i. To permil, tommit or wffer no waste, impairment or deter'aration of said property o? ~~y part lhereof. 5. To pay all a~d singular the costs, chsrges snd expenses, includirg ~ reasonable anorney i fee and costs of abstrads of title, incvrred or paid at any time by said MORTGAGfE, because w in the event of 1F?e failure on the part of the iaid MORTGAGOR to duly, promptly and fully pe~fam, d~sc6arge, execute, effed, complete, comply w~th and ab:de by esch ~nd e.ery ~he itipulatiau, agreemrnts, condltior~s, and covenann of sa~d promi:sory note +nd this mortgage any w ei~her, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be notice d~ mand, attempt to colkct or suit pending; and the full amouM of each and every such payment shall bear interest from the date thereof until p~id st the , rate of nine per centum per am~um; and all said costs, charges and expenses incurred w paid, together w~th such interest, thall be setured by the lieo of tha ~ } ^~ort9ags• 6. T!wt (a) in the eveat of any breach of this 1Nortgaye w default on the part of the MORTGAGOR, w(b) in the event a~y of said wms of ma~ey herein referred to be not prompNy and fulty paid within thirty (30) days nexl after the same severally become due and payable, wilhout demand or notite. or (d in the event each and every the stipulations, agrcements, conditions and cove~ams of sa:d promiuory note and th~s rtartgage any or either are nd iuly, promptly and {ully performed, discharged, executed, eifected, completed, compiied wi~h and abided by, tFK~ i~ either w any such evenf the said aQ gregste wm mentaned in said p~omissory note then remaining unpaid, with interest atcrued, a~d all moneys setured hereby, shall become due and p~y- able fathwith, or thereaiter, at Ihe option of said MORTGAGEE, as fully and completely as if all of the said, sums of money were o?iginally stipulated to be paid on suth day, anything in said promissory oote or in this Mortgage to Ihe contrary notwithstanding; and thereupon or thereaftt+ at the oplion of said MORTGAGEE, without notite or demand, wit at law or in equity, therefae o~ therea(te~ begun, may be prosecuted u if all moneys setured hereby had matured pnot to its institution. - 7. That in the event that st the beginning of or af sny time pending any wit upon this Mortgage, w to fweclose if, w M reform it, o? to enfo?ce payment of any claims he~eunder, wid MORTGAGEE shall apply to the Court having "'sd~ctio~ thereof fo~ the appo~~tment of i RKQiVN, such Co~rt shall forthwith appoint a receive~ of said matgsged property all and singular, includ~ng al 'ngular the income, profits, iswes and revenues from whatever source derived, each a~d every of which, it being expressly undtrstood, is hereby ma~gag as if specifically set forth ~nd destribed in the g~aming and habendum clauses hereof, ar~d such Receiver shali have all the broad and effective funct~ons a d powers in anywise entruited by a Court fo a Receivtr, and such appointment sfiall be made by such Court as sn admitted equity and a matter of absolu r~ght to said MORTGAGEE, and wi~hout ~eference to ths adequacy or inadeqvacy of the vat~e of the property mortgaged or to the wtve~cy o? ins ency of sa~d N10RTGAGOR w the defendants, and that such rents, profits, income, iuues and~terenues shall be applied by such Receive~ according t the lien or eqvity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptfy and fully perform, dixharge, execute, effect, cwnplete, c ly with and abide by each and eve?y the stipulations, agreements, ~ condiYans and covenants in said prom~ssory note and this mortgage set forlh. ~ 9. That in the event the ownership of the mortgaged p?emises, w any part t ~eof, becomes vested in a person.other tharl_-the MORTGAGOR, ths ~ h!ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal witF~ such succeuor or successor.in interest with reference to this mortgsge and the debt hereby secured in the tame manner as with Mortgagor withovt in a~y way vifiating w dischargiry the Nbrtgagori' liability htre- unde? w upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbea~ance on 1he part of the N10RiGAGEE a its successws or augra and no extertsion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate to release, discharge, mod~fy change w affect the original liabil~ty of the MORiGAGOR t~erein, eithe? in whole w in psrt. 10. It is speufically agreed thst time is of the essence of this contract and that no waiver of any obligatron hereunder or of the obliyatan sr cured hereby shall at any time thereafter be held to be a waiver of the terms he?cof w of the instrument secured herby. . In add:?io~ to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secur , gagor covenants and agrees mortgagee with each monthfy payment an addirional sum estirr.ated by mortgagee to 12 of the annual cost of the follow- ~~9_ . A-All real property taxes lev~ed or assess he abov real estate. B-Prrm~ums on fire and w;ndstorm insurance as equ~r on the improveme~ts situate on the above desuibed premises. C-Premiums o~ such mortgage guar urance as mwtgagee shall from time to 1~ ' to carry oo the ba~ secured hereby. Mortgagee shaSl from ti ime notify mortgagor in writing of the amouM due and payable hereundrr a hall therevpon be due and payable on the due o the next monthly payment and each successive month thereafter ur,tii mortgagee shall notify mortgagor nge in wch amount. ms s~a'I ~e applied by mortgagee toward the paymenf of real property taxes, insurartce prem;ums, and mortgage guaranty I ~ pre ' . ( tN WITNE HEREOf. saed RTGAGOR has hereunto set his hand and seal ihe day and year first aforesaid. ~ Signed, vered.' presence of: /7~~ F I4'+O t ~ ~ . ~ - ~ ~n STATE OF FIORIDA 1 cou?~r,r oF sr , wc Ie i ss. ~ Befo?e me personally appeared Claud6 H. CO1~bS ~ ~ LOU1:@ I.. Combs his w;fe, to me well known and krawn to me to be ~ rhe individuals described in and who executed the forego1ngur~Se p,.an~ _ ctywwledged before me that they executed the same for the purposes ~ therein expreued. And the said LO 1 L CA~DS Claude H. , wife of rhe said • ~~s upon s separate and privat~ exam~naYan by m! taken separalb and apart from her said husband, acknowledged to •nd befwe me that she executed ssid irutrument freely and volv~ tarily and withoy~~~njr. cdMpv{~iae,,constraint, apprehension, or fear of w from her said husband. ~ 't FebZ y WITt~E35`lo~ lisnd anc~ ot~tial~ sNl thi~ f~q day of A. D. 19 ~ _ . . - ~ - ~ _ , .:,o , ary Publ'~c in and fw the Sute of Florida at Luy~ Commiuion e:pires: ~ -aiwm i«: : " ~IL.ED AND RECORO~~! Notary h1iR. Sta~e ol flaid~ ~t t~r~c fint =_Fsdeiy~ Sir' s a;loan Aasotiation ~V FLH- or k•~R ~e:' , S i.!LU C~E E~TF ~ E0 ~ Mr ...~'a:«~.~ a c~;..,,23, 19f~ , FaL 1'.ier~,.Noiida ~~y~VV • :e::.~ I 1 ~ " ~ ~ 'fi9 FEB ~ This Instrument Rcepared 8y First Federal Savings b loan Association of Fort Pierce rQ~~ ~ITR~S Jaaes D. Chastain ~~ERK CIFtCUIY COURT , Checked By . ~ _ _ 800K 175 PACE ~ . ~ ~ ~ ~ - ~ : " ~ ~ F x.~ . r . ~ . ~ .