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HomeMy WebLinkAbout1309 ~ ~ ~ L ! , ~ + ~ . .a , - ~ wi t~~~~j ( ~ To plac~ and continuously keep on tF?~ buildioys ~ow w hareafter ~ituat~ on said land and on sll equipm~~t snd perso~atly coversd by thts mwt~ a~, with ~II prem;ums thereor~ pa~d ~n (ull, i1~e in~w~nc~ in the ususl :tandard poticy iorm, i~ i ium approved by the h\ORTGAGEE, and wi~torm inwrancs in tM uswl srandard po1Ky fam, in a sum aFproved by ~he NIORTGAGEE, in such company or companies as tM MORTGAGEE m+y direstj ~nd ~II firs and wiodsrorm insur~oce poticies on anY oi said bvild~rps, ~ny interest therein w pa?t thereot, in the aggreyate sum afor~said ot in extess thereof, ihal) confain ~he uwal itandard matgagee clause w such other clauss as Ihe Matyagee may requin, ma?in~ the Ics~ u~der said poli~ cies, each and e~cry, Wyab~e ro said MCr2TGAGEE as its interest may appear, ar~d each and every svch policy shall be prompt~y ass.~ned u+d delivered to any hetd by iaid MORTGAGEE as further sr:urity to said mwtgage debr, and, no1 leu than ten (10) days in advance of the expiraKa+ of each policy, ro dr IivN to said MORTGAGEE a renewa! thercof, together with a receipf }w the premi~m of such renewal; and there shall be no fire or w7ndsto~m insuranc~ plKed on ~ny of said buildings, +~y inlerest therein w part thereof, untess i~ the form and with th~ lou payable as atoresaid; and in tAe evMt any sun? of ma?ey becanes paYable ~nder such policy w policies seid MORTGAGEE shall have the opt~on to receive and spply the same on account of the indebted- ~ ~ess secured hertby w ro permit said MORTGAGORS lo teuive and use it o? any part thareol for othe? pu~poses, wi~houf th_reb~ waivi:i~ or impair inp any eq~ity, Iien p riyhi uode~ a by virtue of this mo-tyage; and in the event ta~d MORTGAGORS shall for any reason fail to keep ~he said {xan~ses so inwred, or fail ro deliver promptly a~y of said polKies of insurance to sa~d MORTGAGEE, a fail promptly to pay fully a~y premium the~efor o~ in any respect fail b pa~wm, d~scharge, execu~e, effect, complete, comply with a~d abide by th~s covena~t, or any part hereof, said MORTGAGEE may pl~ca and pay fw such insu~ancs or any part thereof wi~hout waiving w affecting any option, lien, equity, or right under or by virtue af ~his Mafgsge, and fhe full amovnt of each ar~d every such payment shall be immediatety due and payable and shall bear interes~ from the date thereof ~ntil paid at the rat~ ol nine per centum Fer annum and to~e~her with such i~terest shali be secured by the tien of this mortgage. f 4. To permit, tommit or auffer no waste, impairment w deterioration of said prope~ty w any part thereof. ~ S. ?o pay sll ar+d singulsr the costs, cM?gcs and ezpenses, i~cluding a reasonabie attwney's fee and coats of abstracts of title, incu~~ed w paid st any time by uid MORTGAG:E, Lxcause a in the ere~t of the failure on Ihe part of the said MORTGAGOR to duly, promptly and fvlly perform, dixharge, execute, effect, complete, comply w~th and ab:de by exh and every the st~pulat~ons, agreements, conditions, and covenants of said promissory note ~~d thii mortgage ~ny or eitlmr, and said costs, cha~~es and expenses, each and every, shall be immediately dve and payable; whether or not there kx notke dr mand, attempt to tollect or svit pend~~g; and the full amount of each and e~ery such payment shal! bear interest from the date thereof until paid at the rate of nine per ctntum per ann~:n; end all aaid costs, tharges and eapenses incuned w paid, together with such interest, shall be secured by the lise of thi~ motty~. 6, That (a) in the event of any breacl~ of thia Mortgage o? defaut~ on t?w part of t!u MORTGAGOR, a(b) in ~he event any of said s~ms of nwney herein referred to be not promprly and fully paed wi~hin th~rty (30) days nerf after the same severatly become due and payable, without demand a notice, or !c) in tFe evem eath and every the stipulaf~ons, agreemeNS, condi:ians and covenan!s of sa.d pron,~ssory note a~d th~s mortgaye any o~ eithe~ are rwt ~~ly, promptty and iully perfwmed, d~scha~ged, executed, effected, completed, compi~ed w~th arto abided 5y, tFxn i~ e~~her w any such event the said ag gregate sum mentioned in said promissory note then ~emaining unpa~d, with interest accrued, and a:~ moneys secured hereby, shall betome due snd pay~ able forthwith, or thereafter, at the oprio~ of said MORTGAGEE, as fuily and compleiefy as if a~l of the said sums of money were aginally stipulated ~ to be pa~d on such day, anylhing in sa:d pro~n:ssory note or in this Mortgage to the co~trary notwithstanding; and ~hereupon cv thereafter at the option of said MORTGAGEE, without no•~ce or demand, suit at law a in equity, therefore w therea{ter begun, may be prosecuted as if ali moneys setured heroby had matured pnor to ~rs institutio~. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Morfgage, a to foreclose it, or to reform it, or to enfwte payment of a~y ciaims hereunder, said MORTGAGEE shall apply to the Co~.t having jurisd~ction thereof for the appointment of a Rece~ver, fuch Court shall fwthwith appant a receiver of said mortgaged prooerty all and singular, includ.ng all and s~nguiar the income, prol~ts, issues and revenues from whatever source derivtd, each a.+d every of wh~ch, it being exFcessty undersrood, is hereby mortgaged as if spec~f,cally set fath and described in the 9ranting and haber?dum clauses hereof, and such Receiver shall have all the broad and efiecrive funct:o,~s and powers in a~yw~se entrusted by a Cou~1 to a Reteiver, and such appointment shall be made by such Court as an ad~n;tted equity and a mane~ of abso~ute right to said MORTGAGEE, and withoul re(erence fo 1he adequaty w inadequacy of the value of the property mortgaged or 1o the so:vency or insolvency o1 said MORiGAGOR w the defendants, and that such rents, profits, income, [ssues and reven~es shall be appGed by such Recriver accorciuig to the tien or equity of said MORTGAGEE and the practice of suth CouA. 8. To duly, promptly and (ully pe~form, d~scharge, execute, effect, complete, comply wifh and abide by each and every the stipulations, agreements, conditions arx! covenants in sa~d promissory note and thls mortgage set forth_ 9_ That in the eve~t the ownership o( the morrgaged premises, or any part thereof, becomes vested in e penon other than the MORTGAGOR, the N10RTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deat w~th such successw o~ successor in interest with reference to lhis mortgage and the d:ut her~b~ secured in the same manner as w~ih r:lwtgagor v~•]thout in any way viua~ing w d~scharging the Mort9agori (iability herr under or upon the debt hereoy sewred. No sale of the p~emhes hereby mor~gaged and no (orbea•ance on the part of the MORiGAGEE w its sutcesson o~ assigns and no extenvon of fhe t~me for the payment of the debt herc5y secured given by the MORTGAGEE or its successors w assigns, stiall operate ro release, discharge, mod~ty change o~ affect the ~rig~nal liab~~~ty of the MORTGAGOR herein, either in whoie or in part. 10. It ia speufically agreed that time ~s of the essence of this con:•act and that no waiver of any obltgat:on hereunder o? of fF~e oblgation sr cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof or of 1Fwt instrument secured herby. 11. In add:!'o : eo rhe iorego'ng monrhly payments of print paI and iroerest req~ired by the prom,sscry no!e secured hereb~. mortgagor eoveoants and agrees to aay to n:ortg~gee w~th each momhiy pairnent an add~~ional sum est~~nated by mortgagee to be equal to 1, 14 of the annual cost of the follow- eny: A-All real property taxes levled or assessed agai~sf the above descri5ed real estate. , ~-Pram~u~ns on 1:re and windstorm ~ns~rance as herein ret~~~red to be carned on the :mproveme~ts srtuate o~ thc above d~scribed premises. C-Premiu~ns o~ wch mortgage gua*anty ir.sura::ce as mo~tgagee shail lrorrs f ine to time deem fit to ca+ry on the ban secured hereby. Mortgagee sha~l irom t~~ne to t~me natlfy mortyagcr ~n writ~ng of the amo~ot deje and payabk hereunder and suth sum shall theteupon be due and payable on tha due date of ~he nexr ~nonth:y payment and each su:cessive rtiOnfh thereafter vntit mortgagee shal! notify mortgagw of a change in s~ch ~ amount. Such sums sFai? be applied by mwtgagee ro:Vafd the payment of rea! property taxes, insurante prem;vms, and mortgage guaranty insurance I prerr~iums. ~ i IN WIT~~ES_ NHER:v~. the sa~d MORTGAGOR has hereunto set his hand a:~d seal the day and a first a(oresaid. ~Sig ated and etivered ip the P?esM~e of: F~LED AND RECOROEO~ / ST. LUCiE COUNTY. FLA: ~n ~.F, p a .S y ' } STATE OF}~O~mI MICHIGAN '69 Jl~~: Z~ ~ IO ' v~ S5. ~ - couNnr o~ Genesee ~ Grafton Ye~' r'~) i~~S Befwe me persor?ally appeared ~~t~~`-~.r.R Nancy R. Moore his wife, to me well known and k~own to me to be the indiviciwls described en and who e:etuted the foregoing instrument, and ackrwwtedged before me that they executed the same fw ihe purposes ~ rtK?~M eapreued. And the sa;d Nanev R. Moore w~ie of the „~d _ Grafton Moore vpon a separ~te ~nd priwt~ exsminaYwn by me taken separate and apart from F~er sa:d i~usband, acknowtedged to and before me that she executed said insrrumem freely snd volun- ~ tarily ar~d withovl any compulsion, constraint, apprehens~on, w fear of w from Ixr sa'd husband. WITNESS my hand and offiual seal this 2Rd day of ~ June A. D. 19 69 ~ ~ AN COUNO~ Notary Public in and fw State of}~~OOD61C MICEQGAN : ST. LllCIE~ tY. FLA• My Commiuion ~xP;.~:: f ~IF a~r~,~ To: c RD ~s~Q 1-18-70 . First Federal Savings d. loan Association !'t C ~ _ Of io~t P~r.ce. ~~~/0~7 x~ . - ? Fprt Pierce. flcrida ~ e • i . '69 JUN 9 ~ ~ . . - ~ _ ~ : y~~~. - This Instrument Prepared By ~p~ ~S ~ r'~ , ROGE : ~ `-'c;; i~ = First Federal Savings 8 Loan Association COURT: : _ of Fort Pierce CLERK ~IRCUI f_,.<<.i ! . J ' ' ' . Checked By ~'~'asta~n • : ~ / ~ v ~~'~8 ~ ~ go~~.7~ ~1308 ~ .k~ ~ . ~ ~ ~ ~ ~ - . . - - w ~ ~w~ .