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HomeMy WebLinkAbout2759 ~ . , 4 3. To plac~ and contiovously keep on tM buildin9s oow w hereaftK siw~te on s~id taed and on ~II equipm~et and p~nonally cowrsd by this mwt~ p~, with dl premiwns therw~ psid i~ full, (ire insu~ance in tFa u~usl standa~d potity form, in ~ sum appraved by tM 1NORLGAGEE. •nd wind~torm inw~ar~ le tM vswl ie~ndard pol~cy 4am, in a sum ipproved by ~he MORTGAGEE, in such company o~ co~~pa~ies +s the MORTGAGEE m~y dUsttj and all fir~ and wind~torm iniurante policies a? ~ny of said build~ngs. any inle~est therein or part tl+~reof, in tl+~ a~?ep+~~ sum afwtuid or ie+ ~xtess theteof, aMll contai~ tM ~swl standard matgayee ciaus~ or s~ch other clause ai ?M Mwtyagee may requu~, makinp 1M loss ur+da~ ssid poli~ cies, ~ach ~nd ewry, p+yable to ssid MORTGAGEE as its interar may sppear, ~nd cach and every such po~kY shail to~ p.omptly au:yned and d~live~ed to ~~y Mld by said MORTGAGEE ~s furthe? xcurity lo said mortgage debt, and, not leu than ten (101 days i~ advance oi the ~xpi~aYwn of each policy, ro d~- tiva to ssW MORTGACsEE a re~ewal tF?ereof, Iopethu w~th a receipt fw the prcmium of :uch renewal; ar?d thero shali be no firo w windstorm inwr~nce pland on u~y of said buildings, ~ny interest thcrein or part thereof, unless i~ the form and wi~h the lou payable as afassaidt and U? ~M eveM any wm of moe+~y becanes payable v~der iuch policy w policies iaid MORTGAGEE ahall havs the optan to receive and apply the same on accoun~ of th~ indebted~ nass secured hsfeby o? to Permit said MORTGAGORS to reteive and us~ it or any part thereof (or othcr purposei, wi~hout th:rrb~ waivi~y ot impair- inp any eqviry, li~r~ a cight under or by virtus of this mozlgage; and in ths event said MORTGAGORS shall fw sny reason fail to keep the taid premises so insu?ed, o~ fsil b delive~ promptly ~ny of said polKles of insurance to said MORTGAGEE, w fail promptly to pay f~lly any prcmium therefw or ~n any respect fail to perfwm, dixMrge, exe:ute, effed, complete, comply with and abide by this tovenant, or any part hereof, uid MQRTGAGEE may pl~te +nd pay fw :uch insuranc~ w any part thereof without waiving w affecting any option. lien, equity, or r~9ht unde~ a by virtw of this AAat9sps, a~d ~he full ~mount of eath and evKy such payment shall be immediately dvs and payable and thall bear interest from ths date thereo( ~ntil paid at 11» rate of nins psr centum per anrwm ~nd toge~he~ with i~ch interest shaN be secured by ~he lie~ of this mortgage. I. To p~rmit, canmit w suffer no waste, impairment or deterio~ation of sa~d p?oPe~h «•ny Par~ ~he~eof. 5. To pay all and sinpulsr the costs, chsrges and expenses, including a reasonabte attwney's fee and costs of abstracts of titls, i~cvrred or paid at eny time by said MORTGAGEE, because a i~ the event of the failure on the part of the said MORTGAGOR ro duly, promptly +nd fully peaform, d~uha~gR execute, tffecl, oomplet~, tomply with and ab:de by each and every the stipulatio~s, agreements, conditions, and tovenants of wid {xomissory note and thw mortg~pe any a either, and said costs, ch~ryes ~nd expensea, each and every. shall be immediately due and payable: whethrr w not there be notice da m~nd, attempt to wlkct w suit pe~ding; and the full amount of each and every svch paymeM shall bea? interes~ from the date tF+ereof until p~id at the rate of ~ine per ecntum per annum; and all said costs, charges and expenses incvrred w paid, together with such interest, shall be secured by the lian oE this matpape• d, TMt (s) in the event of sny b?each of this 1Nortgage w default on the part of the MORTGAGOR, or (b) in ths event a~y of said sums of ma~ey herein refer~ed to be not promptly and fully paid within thirty (301 days next after the same uverally become due and payable, without demand w ~otice. or in the eve~t each ~~+d every tl+e stipulatio~s, sgreements, cond~tions and covenants of sa~d promiuory oote and th~s mwtgage any or eiti~er are nol ~vly, prompty snd fully perfwrrad, dlscharged, execv~ed, effeded, completed, complied with and abided by, then in e;ther or a~y such evem ti?~ said preyate wm mentioned in said ptomiuory rate thrn remaining unpaid, with imerest acuued. and all moneys secured hereby. sMll becon+e due and pay- able fwthwith, or thereafta, at the option of said MORTGAGEE, as fully and compk~ely as i( all of the sa~d wms of mo~ey were wigin~lly stipulated to be paid on such day, anything in sa:d promissory note or in this Mwtgsge to the contrary notwithstanding; and therevpon o? thereafter at the opiwn of seid MORTGAGEE, witFaot notice or demand, suit at law or in eqvity, tl~erdore or thereafter begun, may be prosecvled as if ~II moneys secured hereby had mahxed pr~or to iq institution. 7. 1Mt i~? the event that ~t the beginnirg of or at a~y time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enfwp payment of ~ny claims hereunder, said MORTGAGEE shall apply to the Cou?t hsving jurisd~dion lhereot for the appojotment of ~ Receiver, wch Court shall 4 fwthwith appoint s receivn of said mortyaged proQerty all and singular, includ~ng all and sirg~lar the income, profits, issues ~nd revenues from whatever source de~iyed, each and every of which, it being expressly understood, is hereby mortgaged as if spec~ficatly set forth and described in tlx 9~anting and habend~xn ctavset hereof, snd such Receiver shall have all the broad and effective funct~ons and powers in anywise entrvsted by s Court to s Recei.rcr, and wch appointmeM shall be made by such Court as an admitted equity and a mat?er of absolute rigl~ to said MORTGAGEE, and without reference to the edeqvacy a ins~kquacy of the wlue of the property mor~gaged or to the sotvency or insolvency of said MORTGAGOR or the defendants, a~d that such ! rents, profits, income, issues and revenues shall be applied by such Receivea accwding to the 1'~en or equity of said N10RTGAGEE and the practice of such ~ Co~rf. . 6. To d~ly, p~omptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreementt, condiYaro and covenants in sa~d promissory oote and this mwtgage set forth. 9. Thaf in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in • person othe~ than fhe MORTGAGOR, tM MORTGAGEE, its succeuas ane! auigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with refNe~ce to fhis mort9age and the debl he?eby setured in the same manner as with Mortgagw without in any way vitiating or dixharging the Mortgsgors' liability htre- under or upon the debt hereby secured. No sale of the premises hereby mortgaged ar.d no forbearance o~ the part of the MORTGAGEE w its successan w auig~n and no extensron of the time fw the paymem of the debt hereby secured given by the MORTGAGE'_ or in wccessors or assigns, ,hall operate ~ to release, diatharge, modify change or affect the aiginal liabitify of the MORTGAGOR herein, either in whole or in part. 10. h a specificalfy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder a of the obligation se- cured hereby shall at any time thereafter be held to be a wsiver of the terms hereof or of the instrument secured herby. . mont Y PaYm~ nfs and agrees o t ee with each monthly payment an addi~ional sum estimated by mortgagee to be equal to 1 nnual tost of the follow- ~ '^yc ~ ~ A-All real property taxes levied a assessed aga~~ bo rea estate. ~ B-Premiums on fire and windstorm insurance ~n requ~r rried on the imp~ovemeats sitvate on the abovc desvibed premises. j C-Premiums on such mortg nty insurance as mwtgagee shall from time ' eem fit to tarry on the loan secured hereby. , } 'i Mortgagee shall fr e to time notify mortgagor in writing of the amount due and payable her such sum shall thercwpon be due and ~ payable on the d ate of the next monthfy payment and each successive month thereafter u~til mortgagee shall no ~ ~ f a change in such ~i amwint. sums shall be applied by mortgagee toward tF~e payrnent of real property taxes, insurance prem:urtu, and mwtgage gu rance i pr . IN WITNE55 YVNEREOf, the said MORTGAGOR has he~eunto set his hand and seal the day and year first aforesaid. Sip kd and deli ered i presence bf: ~ . . ~ n STATE OF fIORIDA ~ SS. courmr oF St . Luc ie eefore ms personslly appeared Arnie L. PO~@ ~nd i ~~aXt1Il8 pOD@ his wife, to me well known a~d known to me to b~ ~ the individu+ls desuibed in and who executed the foregoirg instrument, and acknowledged before me that they execvted the same iw the purposes { rherein acpreased. And tM sa'd MS][t1Ila Pf1~ wife of tM ssid Arnie L. Pope upon a s~pa.ate and pirv~h examinsfion by me taken separate ~nd apart from ixr said husbsnd, actcnowledged to and befwe me that she exeMed said inswment freely and wlun- rarily and withart ar?y compulsan, constraint, appreF~ension, w f a? of or from her said husband. ~ WITNESS my hsnd and offic~al seal this ~ a~L'Y~~-L.~~ day of Febr j1 ~ p. ~y 69 ' 4y~ . ary Public in and for the State of Fbrida at lary~ My Coenrnlssion e:pires: Retwn Ta .;~+`~~uu~r~,,, 1,O~if~ P1~1[ w4 ~ F~01l~ ~ First f~deral Sav • i loan Associatwn 3~`''~ , ~j. 19651 or Fo.t P:e.ce. ` ~.r;: = ••f~t~/~ ~flpi ~ a ~ Fwt Pierce, florida t ~ ' ~ ~ Q ~ G7 . ; , ~ ~ ~ ~i ''~-;D;r~ : _ ~ - ~:,~»~'.Ql.x J . ~ 4- ~ '~r ~ r_~ a, r'~E~ AND t~EI:ORDEC! . ~ - J' ' - This InstrumeM Prepared By : i:~; $1.lUC1E CCUNTY.~L.•1 . ~ First Federal Savings 3 loan Association `t' - P.ECORD VERIF 1~?5Q45 ; ~ of Fort Pierce ~t ^,Q-~ . ~ 1969 Ft3 24 GM 11. ~t~ ~N% ~ Checked By J • ~Chastain ~ ~ , ~ ROuER POc t Rt~.. ; ~ 0 R~75 ~27~ CLERK CIRCUIT CC~RT ~ _ d00K - . :,i ' cf t; _ ~ ' ~4 si . `Y~,L ~-s"- ~ . ~