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HomeMy WebLinkAbout1126 ~ t ~ 3. To plac~ ~nd continuovsly ke~p on tM buildinpt rrow w Mresft~r situ~t~ on ss~d I~nd snd on ~II equipm~ro ~nd perwnally cove~ad by this mort¢ age, with all pre~niums thereon p~id in full, fire insuranc~ in the usu~t sunderd policy form, in a tum approved by tM MORiGAGEE, and wir+dstorm ~nsu~~nc~ in ths ~s~al :~a~dard pol~q form, i~ a svm ~pproved 6y tM lNORTGAGEE, in wch company or compan7es as tM MORTGAGEE may d~recet ~nd aU fir~ and w7rwlstorm insur~nca policas on sny of said buildlnps. ~ny inttrest therei~ o~ part theroof, in ths apg~e9~t~ s~m ~tor~iaid w In rxceu ~herwf, tMll ca+tai~ ths ~swl sundard mortgags~ clau~ o~ iuch oihK claus~ a ths Maty~yte may rpu~n, maka+p tM los~ unde+ said po1N ues, e~ch and evay, p~Yable ro said MORTGAGEE as in interest may sppra?, ~nd each and avery such poticy ihall be p~omptly ~u~yned aM~ dOIIYQfl/I ~o sny held by said MORiGAGEE ~s turther tecurity ro uid matga~ deb4 ~nd, no1 les~ Ihan ten (10) days in advante of the expirstion of each polity, to da I~ver to uid MORI~iAGEE a re~ewa) thereof, topetM? wilh • receipt fo~ the premivm oi such renewal; and ther~ shsll be no firs a windstorm ins~r~nce placed on any of sald build~nps, any interest therecn or put ti~ereof, unleu i~ ~he fwm and with the lou payaEle as afaes~idt ~~d in the event any svm of mo~ey becomes payable vnder ivch policy o~ policies said MORTGAGEE thall Mve ths option to receive a~d apply the same o~ accovN of tM indebted- nea~ secured i~ereby p ro pe~mit seid MORTGAGORS to ~eteive snd us~ it q aoy part thereof for other purpoaes, withouf Ih:reb~ waiving u~mpair ing any eqvity, liee? or right under w by virtue of this morl9age; ~nd in the event said MORTGAGORS shall fw sny reason T~il to keep the taid premises so insured, w f~il 1o deliver promptly a~y of said policies of insurance to said MORTGAGEE, or fail promptly fo pay tu~ty any premium the~efor or in any re~pect fail fo p~riprn, diuharge, executs, effect, complete, comply wifh ~nd abids by this covena~~, w any part hereof, said MORiGAGEE may plice +nd pay fa :uch inw~ance or any psn thereof without waiviny or affectin~ ~ny option, 1'~en, equtty, or ~~ght under w by virtue of thi~ MatgaQs, ind the futl amount of eacA ~nd tvery such payment ~hall be imrnediately dw and payable ~nd shall bear interest from the date thereof un~il paid at the rat~ ol ninc per centum per annum aod to~ether wi~h sucA interast shall be secured by the lien of this matgage. . 1, To permit, commit w suffer no waste, impa'ument o? deteraratior~ of said property ot u?y part thereof. i S. To pey all sr+d siagulu the costs, cha?ga a~d expensea, ir+cluding a ressonsbte atto~ney i fee and cosb of absrract~ of tifls, incu~red w paid at ~ eny time by said MO4TGAGEE, becavse ar in the evsnt of the failure on the pa~t of the said MORTGAGOR to duly, p~ompdy and fully perform, di~charqe, execute, effect, complete, comply with and ab~de by each and every the stipvlations, sgreemenn, conditions, and covensnts of said promistory note and this i mortgage any or eiiher, and said costs, chargea ~nd expei?ses, tach and every, sFw!! be immediately due and payable; wheth~r w not fhere be norice d~ ~ mand, attempt to coUect or suit pendinp; and the full amo~M of esch and eve+y svch paymeM shatl bea? interest from the date thereof uMil psid at the ra~e of nine pe~ centum per annum; and all said costs, chsrge~ snd expenses ir~cv~red or paid, together w~th such interest, shall be secured by the lien oi this mortgsge. , Q Thst (s) in tFk event of any breach of this Nbrtgsge w default on the part of the MORTGAGOR, or (b) in the event eny of sa~d sums of money here~n ?eferred to be ~ot promptly and fully paid wifhin th~rty (30) days next after the same severatfy become due and payable, wirFqut demarxl a notice, . or (c) in the event each and every the stipulations, ag?eemenfs, condiiions and covcn~nta of ss:d promiuory note and th~s mortgage any w either are ~ot ~uly, promptly a~d fully perfwmed, diuharged, executed, eifeded, completed, complied with and abided by, then in either or any such event the said ag gregate sum mtntioned in said promissory note fhen remaining unpaid, with interesf atuued, and all moneys setured FKreby, shall betome due and pay- able fo?thwitM, or thereafter, at the option of said MORTGAGEE, as fu~ly and completely as if all of thc aaid sums of rtaney were originally stipulated ro be paid on such day, anything in satd promissory note w in this Mortgage to the contrary ratwirhsta~~ing; and thereupon or thereaftcr at the opt3on of sa;d MORTGAGEE, withovf notice w demand, suit at law or in equity, therefwe or thereafter begun, may be p~osecuted as if all moneys secured F~ereby had matured pnor to its institution. ~ f. Thal in the ~veM that at the beginnir+g of or at any ttrtK per?ding any tuit upon this Mortgsge, or to foreclose it, or to rcform i/, w ro enfores } paymem of ar.y claims he?eunder, said MORTGAGEE shall apply to the Cou» having jurisd~ction thereof (or the appointment of s Receiver, such Court shall ~ forthwith ~ppoint a receiver of said mortgaged property all and singular, intlvd~ng aIl a~nd singular the intome, profits, iuues a~d revenues from whatever ~ source derived, each and every of wh~ch, it being expressly understood, is hereby rtwrtgaged as if specifically set fafh and desuibed in the granting and habendvm clavses hereof, and suth Rcceiver shafl have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and f s~ch appointrr.ant shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEf, and withov~ referente to the adequacy or inadeQ~acy of the value of the property mortgaged w to tF~e soweiuy or insolvency of said MORiGAGOR or the defenda~ts, and that svch rems, profits, income, iuues and revenues shall be applied by such Receive~ accord~ng to the lirn or equity of said MORTGAGEE and the practice of sucF~ Court. 8. To duly, promptty and futly perform, dischsrge, execute, effed, complete, comply w;tb and abide by each and every the stipulations, agreements, conditans and covenants in wid promissory note and Ihis mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its svtcesson and auigns, msy, withouf notice to the MORTGAOR, deal with such sutcessw or successor in interest with referente to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating p diuharging the Mortgagors' liability hert ~ under ot upw~ the debt hereby secured. No sale of the premises hereby mortgaged and no (orbearance on the pan of the /AORTGAGEE w its successors ~ or assig~s and no ezrension of the time for the payment of the debf hereby secured given by the MORTGAGE~ or its tuccessors w auigns, shall operate to telease, discharge, modify change w affect the original liability of the MORTGAGOR herei~, eithe~ in whole w in part. T 10. It is spec~fically agreed that time is of the essence of this co~tract and that -w waiver of any obligation hereunder or of tRe obtigaYan se- ~ c~red hereby shatl at any time thereafter be held to be a waive~ of the terms he~eof or of the instrument secured herby. 11. 1n add~tio~ to the forego:ng monthly payments of pri~c'pa) and interest required by the prom:ssory rqte secured hereby, mortgagor covenants j ana agrees to pay to mortgagee with each monthly payment an addirional sum es+imates! by mortgagee to be equal to 1/12 of the annual cost of the follow- i ing; A-All real property taxes (evied or assessed against the above described real estate. 8-P~emiums on fire and windstorm insurar,ce a: herei~ requ~red to be carried o~ the improvements si!uate on the above described premises. . C-Premiums on such mwtgage guaranty insurance as mortgagee shat! from t~me to time deem fit to carry on the ban secured hereby. Mortgagee sfiall from time to time notify mortgagor in writing of the amount due and payabie hereunder and such sum shall the~eupon be due and ` Fayable on the due oate of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of rea! property taxes, insurante prem:ums, ai~d mortgage guaranty insurance f p~emiumS. ~ N W11ME55 YVHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and y sr first atoresai . i ~Signed. Seakd and livered in the presence of: ~ ~ ~ f~ f ~n - ~ •n ` - - - ~ (Sesq ' Se+4 2 I STATE OF FLORIDA ~ couNn oF ~ 1- ~U~lE 8efwe me penonaily appeared 1~nald fi. .~acobcon nri t?ta i t pP T 1aCObc~n_ hi c wife YltO CYOCe and Mary Croce~his wife ~hia-wife, to me well known and known to me fo be the individuab described in and who executed the fweyoiny instrument, ~nd atkrwwtedged before rrM that they executed tFie same fo~ the purposes rherein e:a~sxd_ n~?d ~;a tlarilee I. Jacobson, wife of the said Dor~e?ld E. Jacobson, and ,,.;k~~.~~ _ MB.Yy CZOC@~ wife of the S81C~ vlt0 CIOC@ opon • separate ~nd priwM > exami~sYwn by me tsken separate and apart fromjix~rsaid husbandfacknowledged to ~nd before me that~h'/execvted said irutrument freely and vol~n- ~ rarily and without any compulsion, cons?raint, ~pprelxnsan~ feu of u from'1Fi~/l~id husb~ndf, WITNESS my har+d and official seal thi. ~ Q T day of J~e p. ~y 69 FILED AND RECORDE . a'. LUCIE COUNT • Motary Public in aod fw the Stat~ of ida ~f tir~p ~ Ret~m To: ` '1 ^ •l tt ~ ~ ~ ~ ~ F n My Commisian expires: ~ ~ . ti , i g F~rst Pederal Saviogs 3 loan Associat~on NOTAG~ PUBUC. =TATE Of fLORtOX A~Z~/~' ~ Of Fwt P:erce. F'!S ~ Du ~ O M~Y `C~ ~SSlON EXP1RE5 S:PT. 1 197Q~-'_. i'~ i~ I 2 ~1111pyW1 ~R[D r. OIL~T~iNO~if' Fort Pierct, florida ~9 ' - - . k ~:o; ; rQiTRt,S ~ - _ _ This Instrument Prepared By J.~~d UIT COURT - } First Federal Savings b loan Association i of fon Pierce ~ Rloifda g~x 178 P~rE112~ - r ~ - _ . _ . . . . - ~ - ~t.< - _ , .