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HomeMy WebLinkAbout1337 ~ 3. To plat~ and continuouily keep on tM buildinps now w hsr~aftK ~ituat~ on taid land and on all equipm~M ~t~d p~rwn~ily cove?~d by thit mortQ~ sgs, with all premiuma the~ea~ pa~d in full, fir~ i~:u~art%s in the usval standard policy fwm, k? s sum approv~d by tM MORTGAGEE, snd windsrwm iruurance in tht uswl us~dard policy form, in a wm approvsd by tl» MORTGAGEE, i~ wch compu?y or companias q tM MORTGAGEE m+y diractj ~nd sll flr~ ~nd windsto~m iniur~np policies a+ ~ny of said build~np~, any tnterest thaein or p~t th~.eof, in ~he ~qreyate ~un? afaesaid a In ~xcesi tF?erwf, shall cont~in the uswl itandard matgapee cfau~ or such othN claus~ as f1a Ab+tyagee may requin. makinp tM loaf under s~id poli~ , c;ss, exh snd every, payab~~ ro said MORTGAGEE a~ ib interai~ may ~pp~ar, and exh and every ivch policy shall b~ prumptly ~ss:pned snd delivered ~o any heW by iaid MORiGAGEE ~s funhe? security to said maty~a~ debt, snd, not lesf IM~ ten (10) days i~ sdva~ce of ths expir~tion of euh policy, to dr liver ro~aid MORTGAGEE a rs~ewal tlxreof, toye~he~ witb a receipt fa fhe premivm of svch renewal; and ~he~~ ihall be no fire or windttwm insurint~ placed on ~Mr oi said buildinps, aoy interest therein o~ part tFKreof, ~nteaa in tM fo~m and wifh the lou payable u af«esaids +++d in the ev~nt a~y sum of mon~y becomes payabl~ ur?dsr such policy w policiss s+id A10RTGAGfE thal) have ths option ta receive ar~d apply the ssme on account o! tM indebted- j neu setured hsreby w to permiT s~id MORTGAGORS to teteive and use lt w any part thereof fw other purposes, without thereb,r waivi~~g or ~mpair- R ing aoy eq~rity, t~en or ~i~ht unde~ ot by v'utw of this morrpsys; ~nd in tM wen~ ~aid MORTGAGORS shatl tor any reason Tsit to keep rhe s~id p~emisrs w ; insured, or f~il b deliver promptly any of said policies of ens~rsncs to s~id MORTGAGEE, w fail promptly to pay fu11y sny premium therefor p in any respect fail w paform, dischuge, exrcute, efiect, camplete, comply with and abide by this covanant, w any part hareof, said MORiGAGEE may pl~ce snd paY fw tuch Inwranc~ or any put thereof witlw~l w+ivinp or affecttn~ anY op+ion, lien. puity, a right unda a by virtw of this Mo.tgaye. ~nd ths full amoun~ of eacA and evary such payment shall b~ immediately dw and payable ~nd ihall bear interest f~om 1M date thereof u~til paid ~t the rate of n~ne per centum per amwm and togethe~ with s~ch interest shall be iec~red by tM lien of this mortga9e. 1. To permit, tonuti?it o~ wffer no waste, imp~"ament ot defcriwation of said property or any part the~eof. S. To pay :II ~nd singvlsr the coats, ch+rges and expenses, includinQ a rcasonable attorney's fee a??d costs of abstracts of title, incu~red w paid at i any time by said MORTGAGEE, becavse w in the event ot the failuro on the part of Ihe said MORTGAGOR to d~ly, p~omptly snd futly perform, discha~9a ezecute, eifect, comptete, comply with and ab~de by and every the stipulations, aqreemenn, conditions, and covenants of seid p~omisswy ~pte ard thi~ morr~ape arty a ei~her. ~nd said tosb, tMrpes ~nd ~xperues, each and evcry. ihall be immed~ately due and payable: whethcr a not there be notice da mand. attempt ro collect p suit pending; and the fvll srtaunt of exh and evrry such paymeM shall bea. interest from ti?e date thereof u~tit paid af the rate of ni~e per centum per snnum; and aU said costs, cha~ge~ aeid expenses incuned a paid, togelher with such i~tere~f, thall bs setured by the lien of thiu mortp+ge. 6. That (a) in the went of any txeach of this Mortysg~ or default on 1he part of the MORTGAGQR, or (b) in the event ~ny oF satd sums of money herein referrerl 1o be not promptly and fully paid within thi~ry (30) days next after the sa~ne sev~rally become due snd payable, without demand o? notica, or (cj in the event each ~nd every the stipu~ations, agrtemcnts, ca+ditio~+s and coven~nts of sa~d promiuory note and th~s mort9age any or eithe~ sre not iuly, promptly and fully pe~fwmsd, dixharged, exetvted, effectad, completeJ, complied with a~d ab~ded by, then in either or any such event the aid ag gregate tum rn~ntioned in said promiuory note lhen remainin~ unpaid, with interest uuued, a~d atl moneys secured hereby, shall become due and pay- eble forthwith, w thereafta, at the option of said MORTGAGEE, as fully and completely as if all of the sa~d svms of mo?iey were wiginally stipul~ted to be paid on suth day, anything in sa~d promiuory noft or in fhis Mortgage to the to~trary notwi?hsfanding; and thereupon w Ihereafter at the optio~ oi seid MORTCaAGEE, withoui notice or demand, wit at law or in equity, therefore p thereafter begun, may be prosecvted as if a!1 moneys tetured hereby had maturcd pnor to ib institution. • r 7. 7hat in the eveM that at the beginning of or st any time pe~ding a~y wit upon this AAwtgage, or to foreclos~ ;t, or to reform lt, or to enfwcs payment of any cla~ms hereunder, said MORTGAGEE shall spply to the Cour~ having jur~sd~d~on thereof (o~ the appantment of a Receiver, such Court siwll ` forthwith appoint a receiver of said mwtgaged propcrty all and singvlar, includ~ng all and singular the income, profits, issues and revenues from whatever ~ source de~ived, each and every of whKh, it beinp expre«~v understood, is hereby mongaged as if spec~fically xt forth and described in the yrantinp aod + haber?dum clauus I+ereof, and such Qeceiver sha11 Fwve ill the broad and effective funct~ons end powers in anywise entrusted by a Court to s Rcceiver, and ~ such appointment shalt be made by such Court as sn +dmilted equ;ty and a marrer of absotute right to taid MORIGAGEt, and wiilwut reference to the adequscy or inadeq~aq of the valuc of the property mortgaged or to the sotvency a insotvency, of said MORTGAGOR a the deiendants, and that tuch rents, profib, incorne, iuues and revenues ihafl be aFp~~ed by such Receiver according to th~ Iien or equiry of iaid MORTGAGEE and the prsctice of such Covrt, . 8. To duly, promptly and fully perform, distharge, execute, effect, tomplete, cqnply with ~nd abide by each atx! every the stipulations, agreements, conditana and covenants in sa~d promissory note and this mortgage set forth. . ~ 9. That in the eve~t the owncrship of the mortgaged premises, w any part thereof, become~ vested in a person other thsn the MORiGAGOR, the h10RTGAGFE, ib successo+s and auigns, may, without notice to the MORTGAOR, deal with s~ch successor or successor in interest with reference to this rnortgage and the debt hereby secured in the same man~er ss with Mortgayor wilhout in a~y way vitiating a dixharging the Nbrtgagors' liability here- under or upon the debt hereby secured. No sale of the premius hereby mortgaged and no forbcarance on the parl of the MORTGAGEE or its succe:sws or ass~g~s and no extension of the time for the payment of the debt he.eby secured given by the MORiGAGEf or its tuccessws w auigns, slull operate ro release, dixharge, nwdify thange or affect the origioal liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this co~tract and that no waiver of any obligatron hereunder or ef the ob~~gation se- cured hereby shall at any time thereaher be held fo be a waiver of tF~e terms hcreof or of the instrument secured hcrby. 11. In add;tion to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor tove~antt and agrees to pay to mortgagee with each momhly payr~ent an add~rional sum est~ma?ed by mortgagee to be equai to i/12 of the annuat cost of the follow- ing: A-All real property taxes lev;ed w assessed against the above described real estate. ; B-Premiums on fire and windstorm insurance as Ixre~n requ~red to be carried on th~ improveme~ts situate on the above described premises, C-Premiums on such mortgage guaranty insurance as mortgngee shall from t~me to time deem fit to carry on thc toan secured hereby. Mo?tgagee shail from fime fo time notify mortg'agor in w~iting of the amoupt due and payable i~ereunder and such sum shall there~pon be due and payable on the due date of the next monthly pay:»ent and each successive montl~ thereafter ur.til mortgagee shall notify mortgagw of a change in such amount. Such sums shall be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~x1 mortgage guaranfy insurance premivms. IN WITNESS WHERfOF, the said AhORTGAGOR has hereunto set his hand and seal the day and yesr fi,t afwesaid. Siy Sealed ~.del' red i the presence of: ~t P'~A ~es "°j~ f1LE0 AND RECORO~ ~A~ g7, l.UC1E COUN'TY. 1 lam . a ver e_ ~ Rc r(l~D VERIF4r es~.~ " i'79~~" ~ . a STATE OF~ OHIO t69 J~~ 2~ W'1 ' I~ O~ / couNrr oF N A M 1~.Tol~l ! GZ" 1 Before ms ps~wnally appeared • i+s a~ Jane F . Calvert ' ' the in~iriduah dqtri~sd in and who executed the fa , i~jt~ment, and Tj~kna~,l his w7fe, to me well known and k~own to me to b~ edped befwe me that they executed the same or the purpose~ nk.ein .xp.es,ed. And ,,;a Jane F. Calvert ~~v 4~ ~he said ~11111~1 L. Calvert upon a sepsrate and privat~ exami~tion by me t ken separate and apart from hr? said husband, sdcnowledged ro and befwe me thst she executed said instrument freely and voluo- rarily and w~thovt an~ ~ompvlsion, corarrairtt, spprei~ens;on, fear of w from her said F?usband. WITNESS epjr,~hirid and offitisl sesl ihis ~2 ~ day of .Ju11e a fl. 19 69 ~A ' ~~J 1 " ' - ~ ' ' ' II.E~ AN~ R~~OR~ A. ,~f ~cr n/~/~ • F UC~E Ci~UN,~I p Notsry Pvblic in and for the State of Qj{j~ Retum Ta CJ~• ~ f, ~•'1 ' ~ My Commistion expi~es: F~nt F~at se~~ ~,i~~~~ WILLIAM H. 3CHRODER n9s 3 Loa~ Aasociation Of Fort P~e~ce. t ~ ~ ~O ~ 5 ~ ~r~`ja~ ~ ~ ~ Fort Pierce, Flwida • ~69 ~",~~+~~wl ~lpi~a ' ,u i M~r a 197~ E~ ro~~tRAS Rj ~ This Instrument Prepared By nK (;IKCU~~ COU First Federal Savings b Loan AssociatianCLE"~ - of Fort Pierce Checked By J• Chastain BooK ~ 78 PACE 549 % 80o1I ~~p PACE~t7?JV ? -_t~ c f a~ „ . _ . ~ . . . _ - - - ~ _ ~ .r,.