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HomeMy WebLinkAbout0369 t : ~ ~ ' . • 4- s! R { To plac~ and continuously ka~p on tM bvitdirgs now a l+Ke~ftN uru~te on aid land ~nd on ~II equipm~nt and pe~aonally cov~?ed by thti morq. ; ag~, with alt premiumt therwn p~id in fvll, firs insuranc~ in th~ uwal ctandard policy form, h ~ sum approwd by fhe MORTGAGEE, and windilorm ~ tnwr~nc~ in tM uswl ~andard pol~cy fa~n, In a sw,n ~pprowd by ~h~ MORTGAGEE, in wch compa~+y w companies as tM MORIGAGEE -n+sy ~ dindt +~d ~II fin ~~d winibtorm inwrana policiet on any of said buiid~nys. ~ny i~t~.~st tMr~in o? put tMreof, i~ ~M appre~et~ sum ~fw~saW o~ ~ In ~xc~ns tMrwf, shatl contain th~ uswi it~ndud morrpap~s dause or such otM~ ciws~ aa tM Matpapee may rpu~n. maki~g th~ Iws unda ~a;d po1F ci~t. ~ach u~d ~ve?y. paYaW~ w saW MORTGAGEE as iq interqt en~y appear. i~d each and every such policy sh~ll b~ promptly us;pncd ~nd d~livtrad to ~ny h~ld by s~id MORTGAGEE as fv„hK secwity to ~id mw~~~ dcbt, ~nd, rat bss tl?~n ten (101 days io advanc~ of th~ expiration of each policy. to d~- liwr ro aaid MORIGAGEE a re~ewal thereof, topetMr with • rattipt fw the p?emi~m of wch renewal; and thtn shill be tw fite w windstam inw?~nc~ pl+ad on ae?y of s~id boildinps. ~ny interest tF?Kei~ w part tF?ercof, vnleu in tM iwm and with tM loss payabl~ at ~foreaid~ ~nd tn tM ~wnt any tvm ~ of mw~~y bec+orn~s p~yabl~ ~~der such poiky o? polici~s uid MORTGAGEE thall 1?~v~ th~ opt;on to rcceivs and ~pply the same on accouM of fhe indebfed- I ness iecvred hsreby or to permit sak! MORTGAGORS to reqiw ~e+d us~ it w any put thereof fw orhe~ purposes, wi~hout ihNeb,r waiving or unpair- inp any p~rity, lien or right u~der or by virtw of this mortps~ej u~d in tM ~vrnt ~a~d MORTGAGORS shaG fw any reason fail to keep the said premisea so +nwrad, o~ fat! to deliver prompNy ~ny of ~aid politiea of insuranp to said MORTGAGEE, a tail prompHy lo psy fully any premium thtrefw w in any r~spact fail fo pKfam, discharye, ~aecvte, eff~tt, compl~te, comply with and abicM by tl+K cover?an~, or any pan hereof, said MpRTGAGEE may piace •nd pay for ~ucfi inwranc~ or k?y put th~reof witAout wahri~y a affectF?~ any option, Il~n, equity, a right unde? or by virtw of this Monpsps, and the { full sraount of each and ~vsry such payment sMll b~ imemdiately dw and payable ~nd shall bear interest from ths dats thersof until paid ~t tM rate ol ~ ni~e psr cN?tum per annum aod together with such interest shall be ~ec~red by tM tien of this mortpaye. 1. To pKmit, oomnut a svffer no wute, impaGment a detKiorahon of said property or a~ put thereof. ) 5. To psy aN and sinpulu fhe costs, charqes and expe.wes, includirg • reasonabk atfo?ney i fee snd oosts of abitracta of title, tncurreJ o. paid a~ any time by said MORTGAGEE, beu~se a in the svent of tM failwe on ths part of ths said MORTGAGOR ro d~ly, promptly .nd fully perfwm. d~schar9e execvte, sifec~. compicte, complY wit6 and ~bide by each and every the stipulations, syree~ne~ts, conditions. +nd covenanq of ssid promissory note and this morfgaye ~ny or ei~h~., s~d said cosb, chuyes ~nd expeoses, each and every. shall be imrnediately due and payable; whether or not there be naice da ma~d, mempt to oollect or wit psnding: and tM fuil srnount of each and every wch payment slwll bear interest from Ihe date thereof w?tii p~id at the ; rate of nine per centum per aiuwm; and all said oosn, chu~es and expenses incurred or paid, together w;th sucF? interest, shall b~ sacured by the lien of thu ' mut~aq~. Q That (a) in the evsnt of any breach of this 1Morty~ or defa~lt on ths psrt of the MORTGAGOR, or (b) in the event any of said sums of mw~ey herein roferred to be not promptly and fvily paid within thirq (30) dayt next after the same seve?ally become due and piyable, wi~hout demand or notice, or in the event each and every the stipulations, sgraements, conditans and covenants of sa~d promiuory no~e snd th~s mortgaye any w ei~her are not iuly, prompNy and fully performed, d~scharged, executed, effected, compieted, compiied w;fh s~wl abided by, than in either or any such ererit tF~t asid aQ~ gregste wm mentioned in sald promissory npte Ihen remaining unpaid, with interest atuucd. and all moneys setured hereby. shall become dve ~nd p~y- able fwthwith, o~ thereaftcr, at the option of said MORTGAGEE, st fully ~nd completely as if all of the said sums of mo~ey were wiq;nalty ~tipulated ~ to be paid on such day. anythiny in satd promissory note or in this MptgaQe to !hs contrary notwithstsnding: and thereupon a thereafter ~t the option of ~ said MORTGAGEE. without noY~ce a dcmand, wit ~t law or in puiry, therefore or thereafier begv~, may be prosecuted u if ~II ma~eys secured heroby had matured pripr to its institution. 7. That in tFe evcnt that at the beginning of or ~t any time pendi~g any w+t upon fhis Mwtgage, a to foreclooe H, a to rsfwm it, or to enforp ` paymeM of sny claims hereunder, said MpRTGAGEE sMll apply to the Court having jurisdidion thereof for the appointnxnt of a Receiver, such Court shall ~ fwthwith appoint a receiver of wid mortpsg!d property all ~nd singular, includ~~+g atl and singuiar the irtcome, profits, iswei and revenues from whatever wurct derived, eath and every of wh;th, it beiny exptessly understood, is hereby mortgaged as if specifically ut fath and deWibed in the y?antiny ~nd ' habendum clavses hcreof, and suth Receiver ihall i?~ve all the brosd and effective funct~ons and powen in anywise entrusted by a Court to a Receiver, and ~uch appointment shall be made by such Cou?t u an sdmitted equity and a matrer of absolute right ro said MORTGAGEf, and without reference to the edequacy or inadequacy of the v~lve of the property mortyaged or to the sonrency or ;nsolvency of said A10RTGAGOR w the defendants, and that such r`'e~nt~~ profin, incortie, issues and revenues shall be applied by such Rcceiver accordiny to the lien or equity ot said MORiGAGEE a~d the practioe of such S. To d~ly, promptly ar+d fuly perform, d;xharge, execute, effecl, comptete, oomply with and abide by each ~nd eve?y ths slipubt~«n, ag~eemeny, conditions and covena~ts in said promissory note and this mortgage set fwth. 9. ?hat in the event the ownenhip of the mortgayed prcvn~ses, a any psrt tF~e~eof. beconees vested in a penon other than the NIORTGAGOQ tM MORTGAGEE, ib successors aod suiges, may, withwit ratice to the MORTGAOR, deal with such successa a successor io interest witF~ rcference to this mortg~ge ~nd the debt hereby secured in.the same manner as wi~h Mortgagw w~rhow in any way viriati~g w d~xharging the Mor~9agon' liabil~ty here- under or upon the debt hereby secured_ No sale of the premFSes hereby mo.tgaged ~nd no fo~besrance on the part of the MORTGAGEE or its successon ~ or augns and no extension oF the time fw the paymeM of fhe debt hereby secured given by the MORTGAGEf o? its svccesson w assigrq, shall operate ' to release, discharye, mod;fy ~Fw?ge or affed the origi~al Iiability of the MORiGAGOR Fxrein, either in whok a in part. ~ 10. It is specifically agreed tMt time ia of the esxnce of this eontract end that ~o waiver of any obfigat7on hc~eunder a of tM obliyation se- cured hereby shall at any time thereafte? be l~eld to be ~ waiver of the terms hereof o~ of the instrumenl secured herby. 11. In add~tion to the forego:ng monlhly payments of princ'pal and inte~est reqvired by the promissory nole secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~tiw~al sum est~mated by mortgager to be equal to i/f2 of the annual cost of fhe foNow- ing: A-All real property tsxes levied o~ assessed against the above deuribed real estate_ B-Premiums on fire and windstorm, insura~ce as herein requ:red fo be carried on the improvements situate on the above described premises. f C-Premiums on such mortgage guaranty insurar~ce as mortgsgee shsll from time to time deem fit to carry on the toan secured hereby. 1Nortgagee shall from time to time notify mortgagor in wretirg of the amovnt due and payable hereunder and such sum shall thereupon be due and payabk on the due date of the next monthly payment and each suttessive month thereafter ur,til mortgagee shall notify mortgagor of a cha~ge in svth amount. Such sums sF.all be applied by mortgagee toward the paymcnt of real property taxes, insurarxe prem:ums, and mortgage gwranty inwnnce premiums. IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal the day and y~ar fint ~foresaid. Siyned, Sealed and delivered in the presence of: S n ` se+t} ~ rc~.q STATE Of fIORIDA ~ counmr oF ST. LUCIE u- defwe me personally a~ arod Wilbur O. DOililg= a~ Snil l@j/ .1. Donner his wife, to me well known a~d known to me to b~ rhe rndividwb described in and wFa execvted ~he fore9anp insfnrrr~ent, and sckr,owkdga) before me that they executed the same fw rha p~rposes r?+~.Q«~ ax~.~d. ,4,~a ~E„ Shirley J. Donner wifa of tM ~aid W11bU! 0. Donner ~,po,~ a~.~te ~nd privat~ examinaYan by me taken separate ~nd epsrt fran her said Fwtband, atknowledged to and beforo me that the executed said instrument freely and volvrr tarily ~nd withovt ~riy compvlsion, co~srrairtt, spprel~u~, a fsu of or from her sa;d busband. WlTNESS my hsnd and olficial seal thi~ lO- day oi .~l1lle A. D. 19 69 Nwary Pu in and fo~ the $tate of Fluida ~f 1~~~ Ret~m Ta MY ion sapires: /9 First Fedaal Savinps ~ losn Auociatan . `bttry Pu61it, St~te af Fbrid~ at Of Fo?t Pierta L . ~ FGi Pierce. Florida • - ~ ~tp11f100 `Fl(pfl~S 6~ ~ _S _ ~i Al1il1~ E~ ~ LlIIbC ~ ~ . ~ ~ ~ ~ ~ ~ ~Il.EO AND RECOROED ' This Instr~ment Prepared By ~ ST, a~ RT~ ~FLA• ~ - RE.~ORO ~~c t First federol Savings b loan Association ~yp ~ ti ` ~ ~ 2? + ~ of Fort Pierce - - ~ .7 ' ' ~ ~ . John w, co~~ins ` - ~69 • Checked By N ~~u~?•~~,'. - . ~ ~ ~~0~( ~ ~aCF R 0 _ R ~OITR:?S , ' _ ~ .ERK CIRCUtT COUR?f n , ~ ' ~ - 4,_ ~~x,- _ . ~ a...w. F._.