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HomeMy WebLinkAbout2247 ~ . . ` ' ; i To i~a and continuousl k ~ p Y eep on tM buildi~ rww w Mr~aii~r situst~ on said land and or~ all equipm~nt ~nd p~non~lly cover~d by this mort~ ay~. with ~II premiums thereon p~~d in full. ('u~ insu~ant~ in the usual standard policy forrn, ln a ium ~pprov~d by the MORiGAGEE. ~nd winditorm trnwanc~ in t!» vswl it~nda~d poGq fam. in • sum approved by tM MORTGAGEE, in such compsny or companiet as tM MORTGAGEE may dincit ~nd ~11 fir~ and wie~d~rorm inswaote policies on ~~y of wid b~ildinps, any~ intar~st there~n a p~rt thereof. in fht ay~reQ~lt aum afaaaid w in ~xc*ss therw/, sMil contai~ the vswl standaid mortgapee ciavse or such o~he~ cli~s~ as IM Mor~9a9es maY requir~. m~winp tM loss u~de~ wid poli~ ci~s. ~sch aod ~very. parabl~ b s+id MORTGAGEE as ib in~erei~ may appea~. ~nd each and evay :~ch poticy shall be promptly ~ss:yned and delivcred ~o ~ny heW by s~id 1NORTGAGEE ~t further sccurity to ssid mwtgags deht, and, rwt less 1Mn ten (10) days in advance of the expi~~~con o( eath polity, to d~- liwr ip taid MORTGAGEE a renewal thereof, togelha with a receipl fw the premi~m of auch renewal; and then ihail be i+o fire or wi~d~tam insutanc~ pl~pd on ~ny of said buildinys, ~ny i~teresl the~ein or parl thereof, unleu in tl+e fo.m and wifh tM loss payable as a(oresaidl and in tF~ svent any tum oi rtanfy bec~wnss payabk urwlN such policy a policies said MORTGAGEE shall have the opt~oe~ to receive a?xl spply the same a+ accou~t of tha indebted~ neu sec~red hertby a 1o permit ~aid MpRTGAGORS to reteive and us~ it a any parl thereof fw othcr purposet, without thr?eb/ waiving or fmpair- iep any p~ity, li~n o? riyht u~+der or by virtw of thit mortyage; ~nd in tM event taid MORiGAGpRS shall fw any reason fail to keep the ~aid premises so tnwred w fsil b deliver promplly ~ny of ~aid policiea of insurance to said MORTGAGEE, or fail promptly to pay fully any pranium therefor w{n any ~ rospact f~il 1o pKfan~, dixFNrye, execute, effect, compk~e, comply w~th and ab~de by this coveoant, or any pe~t he~eof, said MOR7GAGEE r»ay place ~nd . pay fw such tnturana o~ any pirt thereof witlaut waivug w affecting any option, lien, eq~~ty, w right unde~ o~ by virtut of ~hi: Mat9aqe, and the ~ full amount of sach ~nd evKy s~ch payment shall be irtunediately due and payable ~nd shall bea~ interest from the date thcreot until paid at tAe ra'e of ~ nine per teotum psr annum and to;~ether with such interesr shall be secured by !he liert of this mortgage. 1. To p~rmit, ooaurJt or tuffer ra waste. Fmpairme~t a dete?'arati.x? of said property or any psA thereof. 5. To pay a!1 and ~Ingular tl~e costs, charges sod expe~ses, including a reasonable attaney i fee and costs of abitracts of title, incvrred w paid ~t ~ ~ny tim~ by aid MORTGAGEE, because or in the event of the failure on tFK part of the said MORTGAGOR to duty, promptly sr:±;~d1y perform, diuharqe. # execvte, effecl, oomplet~, comply with and abide by each and every the st;pufat~ons, agreements, condit7ons, and coverwnts of sa~d promissory note and thw t mortyape any or either, ~nd said costs, charga and expcrses, each and every, shall be immediatety due and payable; whe~her or noi thers be notice da mand, sttempt to collect or suit pendingt snd the full amouM of each a~d every such paymrnt shall bear inte~est fror» the date thercof uMil p~id at the rare of nint per centum per aruwm; and all said costs, char9es and expenses incurred w paid, together with svch in~erest, sMll bs secured by the lien of tha ~ b. Th~t (a) in ths ever~t of any breach of this Mortgage w defauh on the part of the MiORTGAGOR, w~'b) in the eve~t any of sa;d sums of money herain refer~ed to be not ptomptly and fully paid within th;rty (30) days next aftar the same scvrally beconie due a~d payable. without demand O? notice. or in the evem e+ch and every the :tipulairons, sgreemems, conditions and covenanb of sa~d promiuwy note and th~s mortg~e any a eilher ire no1 ~uly, promptly and fully performed, dixharged, execufed, effec~ed, completed, tomplied wilh and abided Sy, lhen i~ either a anv such evenf tF?~ aid ~g grey~te wm menYqned in said (xomissory ncte then remaining unpaid, with interest atcrued, and all moneys setured hereby, shall betome due and pay~ able forihwith„ Ot ihHNftN. at 1he option of said MORTGAGEE, as fvlty and comple~ely as ii all of the said sums of money we?e aigin~lly slipulated ~ to be paid on svth day, anylhing in said promissory note or in this Mortgage to the contrary notwithsta~ding; and thereupw~ or thereafter at the option of said MORTGAGEE, withovt notice or demand, suit at law w in equity, thercfwe or thereafter be9un, may be prosecuted as if afi moaeys secured heraby had matwed prar to in instirutan. 7. Tha~ in the event that at the bcginnirg of w at any time pending any wit ~pon this Mwtgage, a to foreclos~ it, or to mfwm it, or to enfwce payment of sny claims hKeunder, said AhORTGAGEE sFwll apply to the Coun having jurisdrction thereof fw the appointment of a Receiver, wch Court shall Fathwith appoint a receiver of said mortgaged pro}~erty ali and singular, includ~rrg a~l and siagular the income, p?ofits, issues and revenues from whatever iource derived, each and every of which, it being expressty undentood, is hereby mwtgaged as if specifically xt iorth and detnibed in the ~ranting and habendum cla~ses hereof, and such Receiver shall have all the broad and effective funct~o~s and powen in anywise eot~usted by a Covrf to a Reteiver, and suth appointme~t shall be made by wtF~ Court as an sdmitted equity aMl a matter of absolute righl to said MORTGAGEE, u~d without reference ro the adeqvacy w inadequacy of the valve of the property mortgaged or to the sorvency or insolvency oi said MORiGAGOR or the defendann, and that such rems, ptofiri, income, iuues and revenuK shall be apptied by such Receiver accading to the liea a eqvify of ssid MORTGAGEE a~xl the prattitt of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply wilh and abide by each and every ths stip~lations, agreertknts, ~tans and covenants in said promissory eate and this mortgage set forth. ( f 9. Thst in tt+e event the ownenhip of the mortgaged premises, or any pa?f thereof, beco?nes vesfed in a penon other tMn the MORTGAGOR, the f MORTGAGEE, iri succeuora and ass'~gns, may, witFa~t notice to the MORTGAOR, dea! with such wccessor or wcceasor in interest with ~eference ro this mort9age ~nd the de41 hereby secured in the ssme manner as with Mortgagw without in any way vitiating or diuharging the Mwrqagors' liability he~e- under q upon the debt hereby secured. No sale of the premises hereby mortgaged and no (orbearance on the pah of the MORTGAGEE w its successas w auigns and no extension of the time fw the paymeM of the debt hereby secured given by the MORTGAGEf or its successors or assigns, shall operate ro rolease, dlxharge, modify chaoge or affect the wigina! liability of the MORTGAGOR heiein, either in whok or in put. i0. It is specifically agreed that tima is of the euence of this contract and that no waiver of any obl;gati'wn hereunder or of the obl'igation sr tvred hereby shall at any time thereafter be held to be a waiver of the terrtu hereof or of the instrumem secured herby. 1. In addition to the fwego:ng monthly paymeMS of print:pat and interest required by the promissory note secured her ts and agrees ro r1 agee w;th each monthly payrnent an add;~ional sum est;mated by mortgagee to be e o the annual cost of the follow- 'ng: A-All real property taxes kv]ed or assessed against cr' estate. 8-Premiums on fire and windstorm insurartce as herei to be carri rovements sit~att on the above described premises. C-Premiums on such mortgage guarant ' r,ce as mortgagee sha)1 from time to ume deem i the (oan secured f?ereby. Mortgagee shall from ti ' notify mortgagor in writing of the amount due and payable hereunder and s thereupon be due and payable on the due e next monthly paymeM and each successive month thereafter ur~il mortgagee sha(I notify mortgagor o e in s~ch amounf. ms shaH 6e applied by mortgagee toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty ~ e ums. IN WITNESS WHEREOF, the said MORTGAGOR has hereuMO set his hand and seaf the day ard year first siaessid. . Siyne Sested and~leliv in tlx presence of: ~~~~,+~r'`! Ldt! ,~.y , - cs~•n , ~ ~n STATE OF fLORtDA ~ ST. LIJCIE courrnr oF ` • ~f«• ?~,~h~~g i~d fistill Picklesiaer ` Ss e Plekles Oe! his wile, to me wcll known snd koown to me to bs the Individ.~i%le~~ •1~. a executed the foregoing instrvment, arK! acknowl ed before me that they executed the same for tha purposes Beasie Pickk~esi~er .Estill Picklesimer wifs of ~~aid ~ - vpon a sepsrate ~nd privste exarp~s~ k~y m~ t~tcei~;~ s an~apart from f~e? said husband, scknowtedged ro and befwe me thal she execvted said instrument freely and volvn- ru4y witlwdt `~ny toqstraint, sppreheruion, r fear of or from her said husband. v+ifzH~sb.eyl~,~~~'i~i rh~ day or Febr y a p. 19 69 , . ~ . . ~ ~ FILED AND RECORDE ary Public in for the State o' Florida ~t l.~ry~ cjT. LUCIE COUt~TY. F~-~•My Commiuion expires: Rehrm To:. ~ First feder~l Ssrinps 6 loan Associatan U L^~1 ~ r V~~~~~ f`~ N~~ S~! Of AOf1~! Of Fort Pierce. ~~./~1~1~~ , ~ ~ ~ ~ ~..e.a b A.«~w Fr~ a G...Ur G. fort Pierce, ftorida '~9 F~~ ~ A~ 1: 3 ~ This Inst~ument Prepared By J~. ~ f-~~TR~g F+rst Federal Savings b loan Association ? 0~- of Fort Pierce FRK CIRCUIT COURT Checked By .1ohn W. Collins ~ i ~?.~44 . ~ ~ - ~ ~ ~ : - _ r, _ : .