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HomeMy WebLinkAbout0456 . ~ ~ To pisa snd contirnw~+ily ke~p on tM buildinps now a Mr.+fta utw» o~ said land ~e?d on all equiprn~nt aod perwnally covsr~d by this map~ +9~, with all premivms therwn paid in ful4 fir~ ?~suranct i~ the uswl iund~rd policy (am, in + sum spprov~d by tM MORTGAGEE. ~nd w~odstwm inw~uic~ in tM ~nwl it~ndud policy fam, in a wm approved by ~M N?ORiGAGEE, in wch canp+ny w caeP+ol~s +s the MORTGAGEE m+y directt ~nd all fu~ aed w~ndstam insu.ae~o~ polici~s on ~ny of s+~d beild~nps. +^y u+t~~~st thasin or part thenof, in tM sppreyat~ sum afw~satd a i in ~xcas thenof, sMll conr~ln ths uswl standard mortpayN cisua~ or such otFiu claus~ u tM Matpa~e~ may ~eq~rir~, makinp the loss undK t+id po~F i cies. ~ach and ~wry. p+Yabl~ lo said MORTGAGEE as i» in?Ktst may ~pp~ar. aod each and ~very tuch policy shall b~ promptly ~u.~ned a~d dtlivsred to any h~W by s~id MORTGAGEE ~s fwther securiy to s+id morty+p~ debt. +~d. not kss than ten l10) d~~rs in edvanc~ of tM eapir~tion ot ~ach policy, to d~- IivM ro a+id MORTGAGEE a ~soewal thereof, topethe~ witA a rec~ipt fa the pr~mium oE wch renewal; a~d ~F+en shall bs ~+o f'ue w windstam insw~nc~ pl~ud on ~ny of sa?d buildinps, any interest ther~~n or p+rt thenof, vnless io tM form aod with tM lou paysble u afw~said~ ~~d tn tht ev~et a~y sum of mon~y becomes p+yabk w+dK wch policy a polici~s said MORTGACaEE shall Mw ths option to receive and sppty the ssme on +ccovM of tM Indebted- neu fecwed hereby o? b permit ~sk! MORTGAGORS to roteiw u~d u~ it or any part fhersof for o~her Furooses, wi~hout thereb~ waiving w impa~r- in~ ~ny pvity, lisn a ripht ~nda or by virtw of this morlp+p~t +nd in th~ ~vent said MORTGAGORS ihsll for any rea~ fail to keep the ssid premitef ao insured, o~ fail W d~~ive~ promptly ~ny of iaid polities of inswanu to sa~d MORTGAGEE, or fail promptly ro pay fully ~ny premium therefor or i~ any reipea fail w p~.i«m, d~xhug~, executs, effect, complete, comply wi~h and abide by this cove~t, o~ ~ny parf hereof, said MORTGAGEE may place and paY fa wch insuranct w u?y p~rt tixrwf without waivinp or aff~cting any optan. I'ien, eq~ity, a right under a by virtw of this Mwtya~e. ~~d tl?e full sn+ount of each u+d every such paymant shall w immediately dw snd paysbl~ ~nd shall bea? i~tere:t from ths date thereof ~ntil paid af th~ rat~ ol nine per centum pt~ ~nnum and togNhcr with such interest thall be secured by th~ lien of t!w mortpa9e. 1. To permit, cw~unit or wffa no wute, impairmeot or deteriaatan of uid propeny o? +ny parl thereof. S. To p~y dl snd sirgular the cosri, cMrpe~ :nd e:penses. includirg s reasw+~ble attwney's fee snd coits of ~bstracts of title, incvrred a paid d any time by said MORTGAGEE, becavse w in the ewnt of tM failwe on the part of the said NWRTGAGOR io duly, p~omptly u+d fully pafam, d~uhar9a execute. effect. comptet~, comPb with and abide by each and every the stip~lat~ons. agreemenn. conditions. and covenann of said promiuory note and ~his i,ort9age any or eithe~. and iaid costs, c~Aar9es and expenses, each ~nd every. sF~all b~ immediately due and payable: whether w not there be notice de~ mand, attempt to colkct or wit pa+ding~ u~d the full ~rt~ouM of ~ach and every uxh psymenl shatl bea. interest from the datt thereof until p~id at the rate of nine per cenhim per annum; and sll said cos», charyes and expenses irKUrred or paid, togethe? with suth interest, shall b~ iecured by the lien of this ; i f110ft~!• t 6. Th+t in the avent of sny bresch of this Mortpage w defauh on the pa?t of the MORTGAGOR, or (b) i~ the event sny of ~aid :ums of mo+~ey , herein referred to be not p~omptly and fully paid within thi~ty (30) days next after the same sevcraHy become due snd payabte, without dcmand w notite, i or in the event exh and every the stipulations. ~oreements, conditions and covenann of said {xomissory note and th~s mwtga9e sny w either +re no1 ~ iuly. promptly and fully performed, discharged, executed, effected, canpleted, complied with and abided by. ~hen in either os sny iuch svem tM said ag~ gregate wm menta~ed i~ s~id promisswy iwte then remsiniry unpaid, with interesl acuued. and a11 moneys setured hereby, ihall betane dw and p+y- able fathwith, 01 iFllfNffN~ at tl+e option of said MORTGAGEE, as fully ard completely as if all of the said sums of money were aiginslly stipulated to be paid on such day, anything in sa7d promiuory note or in this Mortp~ge to the ca+trsry notwithstsnding; and thereupon w thereafter at the option of taid MORTGAGEE, without notice w dema~, wit at law ot in eq~ity, tlxrcfore or thereaftcr beg~n, may be prosecvted as if all ma~eys secvred hereby had mifuted ptior fo ib irutitution. 7. That in tM event that at the beginning of or ~t any time pe~ng ~ny wit upon this Mortgage, or to fwecloss it, or to refwm it, w fo enfwes payment of any da'uns hereunder, said MORTGAGEE shall apply to the Court having jvrisdK~ion thereoi fw the sppantment of a Receive~, wch Court shall forthwith appoiM a receiver of said mortgaged property all and sing~lar, includ~ng all and sinyular the incon+e, profits, iuues ~nd revenues from whafever source derived, each and every of which, it being expressly understood, a hereby mo~tgaged es if specuficaily set fwth and dcscribed in the 9rantiny a~d habendum clavses hereof, snd such Receiver shall have all the broad snd effedive funct~ons and powers in anywise entrvsted by a Co~rt to a Receiver, snd such appointmem shall be made by such Court as an admined equity and a m+tte? of abwlute right to wid MORTGAGEE, ~nd without reference ro tM adequacy a inadeqvacy of the wlue pf the property mwlg+ged or 1o the soNency or insolvency o( said MORTGAGOR a the defendants, ~nd that such i ronts, profin, income, issues snd revenues sMll be applied by such Receiver accordiny to the lien or equity of said MORTGAGEE and the pradip of such CouA. • ~ • . 8. To duly, promptly snd fully pe?form, dixharge, exe~v», effect, compkte. ~co~plY with and abide bp exh and every tFie stiputstiaa„ agreemenb, conditions and covensnd in said pr«nissory pote and tha mortpag~ set forth. 9. That i~ the evem the ow~ershlp of tl+e mort9syed premisa, or any psrt thsrcof. bec«nes vested in a penon other than the MORTGAGdit, th~ MORTGAGEE, its suctesson and assigns, m+y, without notite to the MORTGAOR, dtal with such successo? w successor in iMerest with reftrence ro this mwt9a~e and the debt hereby secured in the ssrn~ msnne? as with Mortgagor witlwut in any way vitiatiny or discfiarging the Mortyagon' ~liability Mrr ~ under w upon the debt hereby secured. No sale of the premises hereby mortgaged ~nd no fwbearanca on the part of the MORTGAGEE w its s~ccassors j or ass'~gns and no extcnsion of the time fw the payment of the debs hcreby :ecured given by the AhORTGAGE~ w its successors ot a L~gpsJ shall operat~ ro release, discharge, modify ch~nge w affect the wiginal liabiliry of the MORTGAGOR F?erein, either In whok or in part. ~ 10. It is specifically agrced thst t~me is of the essence of this oontract and thst no wsiver oi any obligation he~eunder w af the oblip~tion sa wred hsreby al+sll at u+y time thereaher be held to be a w~iver of the terms herwf w of the instrument secured herby. ' ~l. In add~tan to the forcgo:ng monthly paYmenu of princ:pal and interest rcqvired by the promissory•note secured hereby, mortgagor covenants i and agrees to pay to mortgagee with each.mpnthly paymert an addirional sum estimated by mortgagee to be eq~al to 1~12 of the annua~ cost of the follow- ~ ing: . A-All real property taxa kvied a assessed against the above deuribed resl estate. F B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above desuibed premises. ~ C-Premi~ms on such mortgage guaranty iruvrance as mortgagee shall from t~me to time deem fit to carry on the loan setured FKreby. ~ Mlortgagee shall trom time to time notify morgago? in writing of the. amoum due and p~yable hereunde~ and suth sum sha{I therwpon be dw and payable on the due date of the next monthly payment and each successive month theresfter urtil mo~tgsgee shall notify mortgagor of s change in wch i amount. Such sums shall be ~pplied by mwtgagee toward the payment of real property taxes, i~surance p~ee+:~n+s, and mortgage guaranfy insurance ~ premiums. ' p IN WITNE55 1VHEREOF, the said MORTGAGOR hss hereuMO set his hand and seal the day and ear first oressid. ~ •~a, s~,~ .~a a E .~d i~ r~ a«~ of: F~LED AND RECORDED / - S:. LUC1E COUNTY. FLa. q i s,~,,n~^ yFa!~~~Q n f ~ i'79421 n--n '6~ JUK i 2 P~I 28 STATE OF FLORIDA ~ , St. i.uciQ ~ courrrir oF TR ~ Before me person+lly appeared ~^d ~ ~ ~ his wife, to me well known and known to me to b~ ~ the indrvidwb desvibed in ~nd who sxecvted ths fare9oirg untrwnsnt, and ackrwwledped before me that they executed the same fw tM purposes ~ r?~erein exp~essed. And ttM s+i ' ~[ild~[~d B. Hlls~th ~ wife of th~ ssid p• Ntlt~~1 vpon ~ separate snd pr'rvar~ examin~tan by me taken sepuste and apah from her s+id husband, ~duwwledged to ~nd before rtK that ahe executed said iratrument fre~ly and volun- ~ ~ rarily and w~tho~t ~ny compulsion, cautraint, ~ppreF~etuion~ fear of w from her wid huib+nd. ~ ~ WITNESS my hand and official seal thi. ~a day of y~ A. D. 19_~ e r ~ ~ . Notsry Pub ' n snd for tM Stab of florid~ ~t lsrpe i ~ My comm~ ion .:pires: ! 9 7/ t ~ Retu.n Ta. ~ Pint Fedard S~virgs a loan Associatan Of Fwt Pierce. !~l~~~t . I~Otdry ~K. Stdf! Of ~Of1d! ~ (,ifr 4 , `,~lil • . r, Fort Pierce, florida ~ ~ . ~ ~r ~OHIiBtSS1011 ~!t 6. 2 • ~ i j~ ~C"~ •,v l~: bNW b/1~dw fin ~ CarY? Gr• _ ~ • . . $ ? ~ . ~ ~`t' ~-~s' C' _ • ~ This Instrument Prepared By " : p ~ ~ ~ _ First Federal Savings b Loan Association ` ' of Fort Pierce ~ ~ ' -Q : 'c~ ~ ' ~ % , ' O ' p ~ ;r 8D01(~70 PACE Checked By JOhi1 bi C~113n: ~~.~D;ttS~+~,`~`'~~~ ~ ~ _ ~ . r : ~ - - ~ ~ ~ , _ . d.