Loading...
HomeMy WebLinkAbout0637 , . ~ .r+~~ ~ ~ • To plx~ u~d continvo~~ly k~ep o~ th~ buildirgs now w h~+~+ftsr utvat~ on ~aid I~~d ~nd on +II pvip+wn~ and perw~ally cova~d by this n+orq~ ~pt. with atl premiums thercon pa~d in full. firo inswanc~ ie~ ~h~ uswl sundard policy form, in • wm +pprowd by ths MORTGAGEE, a~d windstorm 1n:wuKe in tlw uiwl a~andard pol~cy (am, in • sum spproved by ~M MORTGA~,fE, in such comp~ny w co~np+~+ies +s t1r MORTGAGEE m+r d"u~ctr +nd all fk~ and wu+dsrorm inswanu po~kias on +ny of wid buildcnps, any iet~ryt tFKrsin or p+?t U~~of. in tM ap9reyat~ ~wn ~for~said a tn ~xcest thenof, shall cont~in the usual ~randard mwtyage~ claus~ or i~ch alw~ clavs~ ~s ti?~ Matq+~e m+Y requin. maki~p tFK Iws u+~dK said pdF i~ea. each and every, p+Yabl~ ro said MORTGAGFE s~ its interat may appea?. u~d wch and ~vay svch policy sh~ll b~ promptly ss~:yn~d ~+d d~livered to ~ny Mld by said MORTGAGEE as iunher secvrity to said mort~aQe debb and, rwt ~eu thao ten p0) days in advance of tM txpintan of esch policy. to d~ tiva to said MORiGAGEE a renewal thereof, topether with a ~eceipt for tF~e p~tmium oi such renewalj and thero sh+ll be no fir~ w windstwm inwr~~u plaqd on a~y of said bvildir?gs, +ny in~cresl therein w p~rt the~wf, unles~ in the form ~nd wi~h fhe loas pay~bl~ as ~for~isids ~nd in th~ ~wnf any aw~ of money becomes p+Yable ui+ekr such policy or policies said MORTGAGEE shall have tAs optia? to raceive and ~pply ~M same on accou~~ of th~ ir~bted- ness sscured hereby w to permil said MORTGAGORS ro roceive and ua~ it or any part thereof fw other purposei. w~ihout thrreb~ waivi~~g or impair- inp anY eqvity, lia~ or ri9ht unde~ or by virtue of Ihis mostya9e, and in ti~s event sa~d MORTGAGORS sl~all fw ~ny reason fail to keep the said ptemius w inwred, w fail W delivea promptly ~~y of said polities of insursnt~ ro said MORTGAGEE, w fail promptly to pay fully any premium thefeior or in any r~spM fail b ptrforrry disclwrfle, sxecute, affect, comple~e, comply with and abide by this mvena~t, a sny ps~t I+ereof, said MORTGAGEE may p1ao~ and paY tor iuch inwranc~ w any pan thereof without waivinp w ~fiectiny any option, lien, equity. or right unda w by virtw of this Mortya~s. a~d the fvll arna?nt of each u+d weryr s~ch payment iMll be irnmedi+tely due and payabk and shall bea~ interest from tM dah thcreof vntil paid ~t the raN ol nine per centum pcr annum and to~ether wi~h s~ch ~nterast shall be secured by the lien of this mat9age. 1. To pNmit, commit or wffei no waste, impairment or deterio?stion af u~d prope.ty a~ny psrt thereof. : S. To pay all ar+d sirgulu the costs, charges ~nd expense~, inctudi~p a reaaonabk attwney i fee snd wstt of abstrxts of tiHe, i~tuned or p+fd +t any time by ssid MORTGAGEE, because w in the evsnt of tM failura on tAe part of ths said MORTGAGOR to duly, promptly snd fully perfam, dischary~t executs, effec~, compkte, comply with and ab:de by each and every ~he stipula~~ons, agreements, conditio~s, ~nrl corcnants of sa~d prwniswry ~ote and thw mwtgape ~ny w eithe~. and said costs, charges ~nd expenses, each and every, shal{ be immediately due and payable: whether or not ~hert be noi~oe da~ mand, attempt to collecl a suit pend~ng; and the full smount of each and every s~ch paymen~ sha~l bca+ interest from the date thereof until psid af the iate oi nine pe~ centum per annum; and all said costs, charges and expeoses incurred or paid, togeiher w+th ivch i~terest, shaN be secured by tl+~ lieo of this t 6. That in ihe event oF any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the e~ent any of said wms of ~ewney herein refe~red to be not prompNy a~d fully paid wi~hin thuty (30) days next after the same severatly becane due and payable, without demand or notice. or in the eve~t each snd every the stiputations, sgreemems, cond~tions and tovenann of sa~d pro+nissory note aod th~s mortgage any or e+tAer ut ewt iuly, promprly and futly performed, d~scharged, executed, eifeaed, complered, compl~ed w~th and abided by, then i~ e~tlw w ~ny such event tl» said gregate wm mentioned in uid promissury note tlun remaining unpa~d, with iroerest accrued, and all moneys secured hereby, sMll betome due and pay~ able fwthwith, or thereafter, a1 the option of aaid MORTGAGEE, as fully and comple~e~y as ii all of the said wms of money were aginalty st~pulated to be paid on such day, anything in sa~d prom~ssory note w in this /Nortgage to the contrary notwitiutanding; and therevpon or thereafte? at the op~~on of said MORTGAGEE, witfiout no~ite or demand, suit at law w i~ equity, therefore a thereaiter begun, may be prosecutcd as if a~l moneys setwed hereby had matured pnw to its institution. 7, That in the eveM that at the begioning of or at any time peodirg any suit upon this Mortgage, or to foreclose it, w to reform it, w to enforct payment of any claims hereunder, said MORiGAGEE shatl apply to the Court having jurisd~ct~on thereof for the appointmsnt of a Receiver, such Court sh~ll forihwith sppoint a ~eceiver oi said mortgaged prooerty all and si~g~lar, includ~ng all and singuta. the income, p~oF~ts, issucs and revenues irom wfiatever sourte derived, each and every of which, it bei~g expressly urul~rsrood, is hereby morrgaged ss if speufically set falh and described in the yra~tinp and habendum clauses hereof, and such Receirer shall have alI the broad and effecrive funct~ons and powers in anywise entrusted by a Court to s Recxirer, and :uch appointn:enl shal! be made by such Court as an admitted eq~ity and a ma~te? of absolute right to said NAORTGAGEE, aod withoul referente ro tM edequacy w inadequacy of the value of the property mwtgaged or to ~he wtvency or insolvency o4 said AM1ORiGAGOR a the detendann, and ~hat such rents, profits, income, issves and revenues sha~t be applied by such Receiver accwd~ng to the lien or equity oi said MORTGAGEE and the practice of s~ch Court. 8. To dufy, promptly and fully periorm, diufiarge, execute, effect, complete, comply with and abide by each and ever7/ tha stipulatia~s, apree~nenfs, ~ conditions and covcnams in sa~d promissory rate and thia mortqage set forth. 9. That in the eveM the ownership of the mortgaged p~em~ses, a any part thereof, bcconees vested in s person o!her thsn the MORTGAGOR, ths MORTGAGEE, its successon and assigns, may, withovt notice to the MORTGAOR, deal with such successw a successw in interest with ~eference to this ' mort9aye and the debt hereby secured in the ssme man~er as with Mortgago? without in any way vit;ating w diuharg~ng the Mortgagors' liability herr under ot upon 1he debt hereby secured. No sate of the Fremises hereby mortgaged and no iorbeara~te on the parl of tht MORTGAGEE w its wccessors w auigns and rto eatensan of the time fo? the payment of the debt hereby secured given by the MORTGAGE~ or its successws w sugns, shall oparats to rekase, discharge, modify change or affect the wginal tiab~i~ry of the MORTGAGOR herein, eitl~er in wF+ole w in psri. 10. It is specifically agreed that time is o~ the essence of this cuntract and that no waiver of any obl~gation hereunder w of the obligation se- ~ cvred heteby sFutl at any time thereafter be held fo be a waiver of the ferms hertof ot of the irtstrumcnt setured herby. k ' 11. In addition to the fwegc:rx~ monthly payments of princ-pa! and imerest required by the prom+ssory note secured hereby, motigagor tovena~h ~ and agrees to pay to mortgagee with each monrhly pay~nent an add~rjpna~ sum estimated by mortgagee to be equal to 1~ 12 of the annual cost of the follow- ing: A-All ?eal property taxes levied or assessed against the above described real estate. B-Premiums on fi~e and w~ndsto~m insurar.ce as ixre~n requ~red to be carried on the improvemewts situate on the above dexribed premises. C-Premiums on such mortgage guara~ty insurar,ce as rtwrtgagee shatl from t;me *o i~me deem (it to carry on the ban secured hereby. Mortgagee shall 4rom time to time norify mongagor in writ;ng of the amw:nt due and payable hereu~v artd suca sum shall thereupo~ be due ~nd ~ paysble on the due date of the next mo~thly ~.ayment and each successive month thereafter ur,ti~ mortqagee shall notify mortgagor of a change in svch ! amovnt. Such sums sFa:i be applied by mortgagee toward the payment of reaI property ta:es, insurance prem:ums, and moatgage guaranly inwrance ~ ~ - y I premiums. ' ~ IN WITNESS WHER~Gf. thr sa7d RTGAGOR has hereu~to set his hand and seal the day and year first foresaid. j Siy aled a d i ' the pr e ofe L~~.~~~'~~f1,~- (l (Sea~ rc..q rs.,q ~s.q STATE OF FLORIDA ~ SS. ~ St . L uc i@ 9efore m~ penonally appeared Olll~ SV~S~ A S1I~~e AdlLt ~ ~Iwrwife, to me well known ~nd krwwn fo me to be the individual~ described in and who executed the foreganp instrument, and ~cknowledyed befwe me that ahe~? executed the same for tM purpwes therein expressed. -~And ~iw~ei~ 8h@ ai~~ef ~he~wid ~~'~'4/~"~~~~'~ ww~wwsA~n-b~r~Ml~ei?~+sa1s.~.~~rf-f~os~twrwJ~rrs6andrac4aaMi~dY+d-~o snd~fo~s ioelhat ahr jsecui~ds+it~'~~+1oM+o' ?~ril~?~wiMwiM~i?~wY-w~7~i~n?sandraiw4•ap~e6rs:o~rqr~acvLarl~.h~r•-ubrs~od - ~ ` = - . WITNESS my Mnd and official stal thi~ ~~1 d+y or . _ _ June ~ ~ ? ~ ~ ~~yp~_ q . 1 ~ ~ 4~ ]L . ~ • • ~ ` f~ c : _ - ~ Notary Pvblic in ~nc~ fw th~ Sta W t~~e ' My Comm~ssan snp~ss: _~1 t C U . R`'"`" T°: ~ FI LED AND RECORDE~ Fint F e d e ra l S avin9s 3 toan n:soc~a~~on $T. LUC T Y~ F L A. ' ~.`rT,.`s~ IE COUN ~ -~I Of Fort P;erce. _ . . Fon Pierce. Florids . , ' '69 JUi~ I Z PN IZ : 02 _ This Instrument Prepared By ~ ~ First Federal Savings 3 loan Association ~ of fort Pierce :•.p,,EP, ~OSTRt.S ~LERK CIRCUIT COURT Checked By R . Kasr~$ ~~178 ~ q6 _ - ~ ; ~f ~ r _L . . . r ; ~ ti ~ ~ t K . ~ . . . . _ r ~ s'°'f' Y~! ' ~ ~ . _ 'i' L '~.A~r-~. . ,G~~'.:ar-'c.1+;."*3"'S. _,"S,.v~ 7_ .4..~'_+'.'. 'z~.. . p~aL.-~~Y~^~. a .