Loading...
HomeMy WebLinkAbout2281 4 ' ~ ~ ~ 1 ~ f To plaa and continuously keep on tM buitdinps now w hereafter siw~t~ on taid I~nd ~nd on ~II equiprneet ~nd personally mv~red by this morp~ p~, with ~II premiums lhereon paid in fuil. lire i~suranc~ in the uswl tlandard po~~cy fam, in a ium approved by tM MORiGAGEE. and windstorm inswa~ce in tFw uiw) sqndard polrcy tam, in s sum approved by tM MORTGAGEf. !n ~uch tompany or companiet as tM MORTGAGEE may dinctj ~nd ~II flrs u~d windatorm iosvrance policies oe any of iaid buildirq~, ~~y inr~ro~t therein or pan the~eof, in tM ~gy.eyat~ sur~ afor~said or tn ~xcets ~hereo% ~hst) cont~in the u:wl s~andard mat9sgse claute w iuch other clauis at ths Matgagee may requKe, m~kinp ths Ioss under uid poli~ ci~+. ~ach and r. piYabk to aaid MORTGAGEE as ~ts imerest maY +ppear. and each and every t~rch policy shall be promptly auqned ~nd delivered to ~ny Mld by s~id MORTGAGEE ~s furtha scc~rity to said mw~gage debt, and, not Icu tban te~ (101 days lo advance of tM expi~ation oi each policy. to da IivK to ~sid MORTGAGEE ~?tnewal tlxteo(. tope/he~ with a receipt for the premivm of ~ucA rcnewalp and 1he~e shall be no firo or windstam ins~rante p~ac*d on ~?y of aid buildinys. ~ny interest therei~ or put thereuf, vnleu in the form a~d with the lou p+yabk as afwesaid; u+d in tFK event sny wm of nwn~y becqn~s payabl~ ~~der wch pop~y p po~;uQS said MORTGAGEE shall have ths opt~an to ~eceive and sppty the ssme on account of the ineisbtad- +~tss iecu?ed hKeby o~ fo pe~mit aaid MORiGAGORS to reteivs snd use it p any parl thereof (w oihcr purFoses, wilhwt thareb/ waiving w ~mpair- inp any pwry,'~~tn or right u~de~ or by virtue of thii mor!gage; and in Ihs event w~d MORTGAGORS shall fw any ~eawn fail to keep the said premius w ~ inau~ed, o? fail M delive~ promptty ~ny of said policies oF ins~rante ro said MORTGAGEE, w fai! promplly to psy fully any premium therefo~ or in ~ny 4 respett fail ta pKfa~n, dixharge~ eXKV10, effect, complere, comply with and abide by this covenant, or sny part hercof. said MORTGAGEE may place and 3 WY fa suth ir--r"'cs or any part t1?ereof witho~rt waiving w affectinp any option, lien, equity, or right under a by virtw of this Mortyags, and the ( fu!! arno~nt of sach and ~wry suth payman shaN be immediately dve and payable and shall bear interest from the dale thereof until paid ~t tM ~ata of nins per cent~m pa annum a~d together w;th such i~terest shall be secured by the (ien of this mwtgage. 1. To permit, commit or wffer no waste, impairment w deterioration of iaid property w any paN thereof. S. To pay all and ungvlai the cwts, charges ~nd eapenses, including s reasa+abie attwney i(ee and cosr: of abstracts of title, incurred a paid at sny tims by ssid MOQTGAGEE, because w in rhe eve~~ of ~he tailure on ~he pan of ~he said MORTGAGOR ro duly, {xomptly snd fully perform, d~scharga~ executs, effM, oompkte, comply with snd ab:de by each and every the stipulations, agreements, conditions, a~d cove~ants of said promi:sory note and ihis morigape s~y w eirAer, and said costs, cAa~ges and expense~, each and every, shsll bs ;mmediately due and payable; whether or not there be notics dt mand, attempt fo collecl o~ wit pe~d7ngj snd the full amount of each and evrry svch payment shall bear interest from the date thereof until paid ~t the rate of ~ine per cMlum per ~nnum; and all said costs, charges and expenses incvrred w paid, togerher w~th such interest, shall be aecuied by 1he lien of tFw moHpp~• - 6. 11Wt (p tte the event of any brcach of this Mortgage or default on the part of the MORTC~AGOR, or (b) in the event ~ny of ~aid sums of money heroin referred not promptly and fully paid within thirty (30) days ~xt after the same severatly become due and payable, without demand or notice, or (d in ths event eath and every the stipulatior?s, sgreements, tonditions a~d covenants of sa:d promissory note and th~s mortyage any w either ue not iuly, promptly snd fvlly performed, d~xharged, executed, effected, tompkted, comalied with snd abided Sy, then in either p any such evem tM said ag gre9at~ sum mentaned in said promissory note fhen remaini~g unpaid. with imerest acuued, and all moneys setured hereby, shall become due and pay~ able forthwith, w ihereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were wiginally stipul~tcd ro be paid on such day, anything in said promiuory note or in this Mortgage to the contrary not.vithstanding; and rhereupon or therea~ter at the option of said /AORi6AGEE, witho~t rwtice a ekmand, suil at law w in equity, therefore or thereafter begun, may be p~osecuted as if all moneys tecured hereby had mstvred prior to iri imlitution. 7. That in iha evcnt that at the beginning of or at any time pe~ding any svit upon this Mwtgage, or to fweclose it, or to retorm tt, or to enforce payment of tny ciaims hereunder, said MORTGAGEE shal! apply to the Court having jurisd~ction thereof fw the appointment of s Receiver, svch Court shall forthwith ~ppoint a receiver o( said mwtgaged property all and singular, includ,ng atl and singular the income, profits, issues ~nd revenues from whatever t source derived, each and every of whKh, it being expreuly undersrood, is he~eby mongaged as if specifically set fwth and described in the granting and ~ Mabendum tlavses hereof, and such Receiver sha11 have all the broad and effeaive funct~ons and powers in anywise entrusted by a Co~rt to a Receiver, and •uch sppointment shall be made by stxh Court as an admitted equity and a matter of abso~ute right to said MORTGAGEE, and without relere~ca fo the adeqvacy a i~wdequacy of the val~re of the properry mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that tvch rents. profits. ~.::.-ne, issves a~d revenues shall be applied by such Receive~ according to the lien w equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, complete comply with snd abide by each and every the stipulations, agreemeeq, conditions and covcnams in said promissory ~ote and fhis mortgage set torth. . 9. Thst in the event the owrxrship of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORiGAGEE, iri succeuors aod auigns, may, w;rhout rwrice to the MORiGAOR, deal w;th sexh succeua a successor in interest with refaence to tha mortgage and tlw: debt hereby secured in the same mannet as with Nbrtgagw without in eny way vitiating p discharging the Mortgagors' (iabilify here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no fwbearance on the part o( the MORTGAGEf w its successo~s or auigna and ra extension of the time for the payment of the debt hereby secured given by the NIpRTGAGEE w its svcceuort ot sss;gns, sh~ll op~rate to releaae, discharge, modify thange o? affect the original lialaility of the MORTGAGOR herein, either in whole or in part. 10. It is spetifically agreed that time is of the euence of this contract aod thst no waiver of any obl'gation herevnder or of tha obiigation se- ~ cvred hereby sha!! af any time thereaher be held to be a waiver of the terms hereof a of the instrument secured he?by. , T4:-!n add~tion to the forego:ng monthly payments of prioc:pal and interest required by the promissory nore secured hereb ~ and agrees to pa~y 'o ~nortgag~th each_monthly payment an addirio~al sum estimared by mortgagee fo be equal to annual cost of the follow- ~ng' , 's A-AI! ~ea! property taxes levied or assessed agai~st the above descn ate. B-Premiums on fire and windstwm insura~ce as herei to be carried on the impr situate on the above desvibed premises. ~ C-Premiums on such mortgage guar ' rar,ce as mortgagee shall from time to !ime deem fit to carry loa~ secured hereby, i Mortgsgee shatl from ' ;me notify mortgagor in writing of the amount due and payabie hereundtr and such sum s v be due and ~ payable on the d of the next monthly payment and each successive mo~th thereafter urtil mwtgagee shall notify mortgaga of a c n wch amou~t. sums shatl be applied by mwtgagee toward the payment of real property taxes, insurance prem:wns, and mwtgage guaranfy inwr e ~ ~ums. , IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and a 'nt sforesai . . Sc~led a iv io the presence of: ` ~ n •n ~~J ~ ~s~,n STATE OF flORIOA ~ couNnr oF St. Lucie 1 Befwe me personslly sppearcd DdV ld L. W~l ke a~ _ V e rd3 . W a? ke r his wife, to me well know~ and known to me to bs ~ the indiridwts described in and wno executed the foregoiny inst~ument, and acRrwwledged beforc me that they execvted the same foc tt~ purptues rnKein ex~,.essed. a,d rhs sa;~ Verda E. Walker ~ Wi/Q Of iFN ~Ald DaV3.d I? • Wal P7 ypQH~ielepif~T~ 1flf~ .'rf4jql~ exam~nsYan by me tsken separste and apart from her said husband, ecknowleclged io and befwe me that she executed said instr~rneot•#ieely er~`iiplvi~. tsrily and withovt any compulsan, constraim, appreF~ension~r fesr of or irom her said husband. ~ . WITNESS my hand and offitial seal this day of February a~~~~ •~a , ; : ~ : FILED AND RECORDED~ - • - ~ ~'f' ^ ~ . ' ST, LUCIE COUNTY, . Notary Public in and fa ihe Sfate qf.Pbri~a af ` Return Ta `t ~^1P~Z~~~1~ ~ - My Commiuio~ expires: r' ~ ~ - ~ I ~-i''3 7I • Fi~tt Federal Savingi 3 ~oan Associat~on ~urAat r11auC~ =TAIE OF FWpuA At LARiE C~ ' Of Forf Pierce. ~~g FE~ ~ ~ ~ ~ ~ ~ MY COMMISSION EXPIRES DK. .3.. ~ . FoA Pierce, Florida ~ ~oeo tHROUaH PREO W. DIESTCLNORt~ ~ ROGER ~TRtiS This lnstrument Prepared B~RERK CIRCUIT COURT ~ First Federai Savings b Loan Associatio~ of Fort Pierce ~ ~h,~~ By J. Chastain aooK175 PAGE2278 ~ ,X~ - - ~ . , ~ -~w - ~ c f - ~ .