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HomeMy WebLinkAbout1647 . : 4 ~ t~l~`'1 3. To plac~ and contimrously keep on tM buitdiep~ now or Mr~aha utw» on said tard and on ~II eqvipm~nt end p~na+ally covtred by this ~nw!¢ p~, with ail pranivms thereon p~~d in fvli, firs insur~nce in tM uiwl sundud policy form, in ~ svm ~pprov~d by th~ MORTGAGEE, and wisxhtwm inawanp ie ths uswl stand+rd pol~cy form, in a wm ~pprowd by tM MORTGAGEE. in wch company or comp+~iss ss th~ MORTGAGEE m+y dir~ctt ~nd all fi~~ ~nd windirorm insur~nn POIiCNt on ~ey of said b~ifdinp~, ~ny Mt~r~s1 thsrtin or part ths~eof, in 1FN a~repal~ wm ~fp~said o~ In sxcess tM~eof, sh+ll contsin ths uwal standard mwtyaye~ cl~u~ a:uch oti+K ciavs~ as tM Matp~g~e may rpuir~. makinp the loss undK uid poli~ cies. each and every. p~Yabl~ to said MORTGAGEE u ib interast rt~y app~ar. ~r+d ~ach and every i~ch policy tMll b~ promptly ass:yned and ddivered to any MM by s~id MORTGAGEE u fu~ther secvrity ro said mortyaQ~ dsbt, ~nd, not kst tha~ tsn (10) days in advance oi the ~xplratiw? of each policy, to dr I~vK ro wid MORTGAGEE s renew~l therwf, to~etFw~ wirh • raceipt fa tM pemiwn of wch reeewal; ~nd ~her~ shall be no fin or windstorm iniu~~nc~ plapd on ~ny of said buildinps, any interest tMr~ie w p~N theroof, unlsu in tM (am snd with tl+~ losi p+y~ble as afw~said; +ad in tM ewnt a~y sum of moeity becomes p+yabl~ under wch policy a policies said IMORTGAGEE ~hall haw ths optan to receive and apply t~?e ssrn~ on accouN of the indebted- neu secvr~d F~eby o~ b pe~mit said MORTGAGORS to nteiw ~nd us~ H w any parT thtreof for othe~ purposes. without lhe~eb/ waivi~~g w?mp~ir- ;ny aeiy pvity, lien or ri9ht u~de~ or by virtw of this mortyayet ~nd in tM ~ver?t said MORTGAGORS shsll fo~ sny reason fail to kesp the said p~emises so ins~red, or f~il to deliver promptly u?y of said policies of irtwr~nu lo said MORTGAGEE, or fail p?omptly to pay futly a~y p?emi~m therefor ot in any roipect fail to p~rfa~n, discharge, ~xecut~, ~fiett, COTpIOf~, tomply with and abid~ by this tovenant, or ~ny par~ hereof, said MORTGAGEE m+y pl~ ~nd paY fw s~ch inwrance or ~ny p+rt tl+Kwf without waivinp w affMinp ~ny opYron, li~n, equity, w righ~ unde+ or by virtus of this Mwt9s~e. a~+d the fuil amou~t of e~ch ~nd ~vay such payme~t sh~ll be immediately due and paysble ar.~! ~hall bear intere~t from ths dats thereof un~il paid at tM rate oi n~ne per ca?tum psr ~nnum a~d togNher with s~ch inte~est shall be secured by ths lien of this mat9~9e• I. To p~rmit, commit or suffa no wsste, impa'ument or det~rioratan of uid property o~ +ny part tl+e?eof. 5. To psy all ~nd sirpula ?hs costs, charyes snd expN+ies, incl~d"ug + reason~ble attornsy's fes s~+d costs of ~bstractt of tiHs, incvrred or paid at any time by said MORTGAGEE, bea~rse w in the twnt of tM failwe on the pa?t of tM ssid IYIORTGAGOR to duty, promptly u?d fvlly perfwm, dixha~ exer_ut~, efiect, compkte, tomply with and ~bide by eaci+ and every the stipulatiau, spreemenri, tonditions, end covenants of said promiuory note ~nd thia moripage s~y o~ ei~he~. snd said costs, charges and expenses, each ~nd every, shsll be immediately due snd psyable: whether a not there be notice'ds mand, attempt to tolkd or suit pa+ding; and tM full amount of each and every wch paymeot shsll bea~ interest from 1he date thtreof until paid ~t the rate of nine per centum per arnwm; and all said costs, ch+ryes and expensei incv?red a paid, together with tuch iMHest, sl+all ba secured by 1M lien of thu mortps~• - 6. Thst (a) in the event of any b?each of this Mwt~ay~ w default on the part of the MORTGAGOR, w(b) in the event any of ss~d sums of money he~ein refetced ro be not promptly and fully paid within thirty (30) days nexl after the same seve+ally become due and p~yable, witlaut demand a notice, er in the event each and every tl+e stipulatiaa, sgreemenn, conditions ~nd coven+nts of sa~d promissory note and th~s mortpage any w eithe~ are nol iuly, pranptly and fully performed. discFurged, exec~ted. ~ffected, tompleted. complied with and abided by, thee in either or any such event tF+~ said a~ gregate wm mcntioned in said promissory note than remainirg unpaid. with interest accrued. and all moneys secured he~eby. shall betane dw and p+y~ able fwthwith, w thereafter, at the option of said MORTGAGEE, as futly srd completely a: ii alt of the taid sums of money were wginally stipulated ro be paid on s~ch day, anything in sa;d p?omissory note o~ in this Mortgsge to the con:rary notw~~hstand~ng; and thercupon or thereafte~ at the opt~on of sa~d MORTGAGEE, w~thout aotice a demand, suit at law or in puity, therefore ot thereaftc? begvn, may be prosecuted as if ~II moneys secvred hersby had maWred pra~ to in institution. 7. That in the event that at the beginnirg of o? at any time peoding any wit upw~ this Mwtgage, w to fwecloss it, or 1o reform it, o~ to enforq paymeM of any daims he?eunder, said N10RTGAGEE ahall apply to the Court having jurisdlction thereof for the appointrt+enf of a Recciver, such Court sF?~!I Forthwith ~ppoinf a receiver of said mortyayed property ell and singular, i~clud~ng all a~d singular the income, p?of~ts, iuues and revenues from whsteve~ wurce derived, each and every of which, it beirg expreuly understood, a l+ereby mortgsged as if speufically set fo~th and dewibed i~? the ~ra~tinp and habendum clauses hereof, snd s~ch Receiver ihall hsve all the broad snd effective fu+xt~ons and powers in anywise entrvated by ~ Co~rf to a Receive~, ~nd such appointment shall be made by such Court as an admitted equity and s matter of absolute right to ssid MORTGAGEE, sod without reference ro ths adeq~acy w inadeqvacy of the value of the property mo?tg+ged w to the wnrer~r or ~nsolvency of s~id MORTGAGOR a the defendants, and ~hat such reros, profits, iocome, iuves and revenues shall be applied by wch Receiver accadir~ to the lien u equity of said MORTGAGEE arid the practiu of sucA Court. ~ 8. To duly, promptly and fully parform, discl,~rge, execute, effect, compkte, comply with and ~bide by each ~nd every tM stipulations„ ag~eemenb, condit'arn and covenants in said promissory note and this mortgag~ set fath. 9. Th~t in the eve~t tlx ownenhip of tF+e mo~tgaped premises, w~ny psn t~reof, becomes vested in a ps?son other thsn the MORTGAGOR, th~ MORTGAGEE, ih successon and auigns, may, without notite to the MORTGAOR, deal with such succetsor or wccessor in intcrest with reference to this mortgage and the debl hereby secured in the same manner as with Mortgayw without in a~y way vit:atinp or dischargir?g the Mottgagors' liabilify hcre- under or upon the deht hereby secured. No ssle of the premixs hereby mortgaged a~d no forbearance on the p+rt of the MORTGAGEE w its successws or auigns and no eatension of the time for the psyment of the debt hereby secured given by the MORTGAGEf or its successors or auigns, ~MII operat~ ro re0eaae, dixhar~e, modify change w affecf the origi~al li~bility of the MORTGAGOR herein, tither i~ whole or in part. 10. It is specifically agreed thst fime is of the essence of this contract and that no waiver of my oblyauon hereunder or of tM oblipatan ss- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secvred F?erby. 11_ In add~tion to the foiego:ng monthly payments of prin~ pal snd interest required by the prom~uory note secv.ed hereby, mortgsgor covensnts and agrees to pay to mortgagee with each monthly payment an add~rionsl sum estimated by mortgagee to be equal to 1/12 of the a~nval cost of the follow- i~: A-All reat property taxes kvied o~ assessed against the above deuribed resl estste. B-P~emiums on fi?e and windstorm inaurance as here~n requ~red to be ca.ried on the improvements situate on the above desuibed premises. C-Premiums o~ wch mortgage gwranty inw~ance as mortgagee shall from t~nse to time deem fit to c~rry on the loan secured hereby. Mortgagee shall from time to time notify mortgsgor in writing of the amount due and payable Fxreunder and such sum shall thereupon be due and j Fayable on the due date of the next monthly payment and exh successive month thereafter ur,til mortgagce II not~fy mortgagw of s chanpe in uxh ~ amount. Such sums sF.atl plied by mortgagee toward the peyment of real propeAy ta:es, ins~rante pr , and mortgsge 9usr~ i~s~rance ~ premiumf. ; ~ IN WIiNESS WH , tix sa~d RTGAGOR hu h~reunto set his hand snd ual the dey aod ye it ~fwesaid. i ~ ` . Staled _ . ~ ~ n _ : n ~ ~~~r,~ ~ ! - a.•~`'~~ ~ I il :i4:f~, ,r... . ~ STP.TE OF FLORtDA Ca • _ • courrnr oF ST . U!C IE ~ ~ _ ~ ~ ~ ~ ~ - " ~ _ ` Roland Foster j1 ' ~ ~ ` etto.. m. P«~on+ny .pp....d _ .n : tJ~ ~ _ _ ~ Helen J. Foster I~ • - ~ ` ~ ~ ~ his wife, ro me well known i~f'~npvw~ 1B if~.~ ~ ~ the individwb described in and who e:~cut~d th~ for instrument, and acknowledped b~foro me that they exacuted the ' rMfOr.~M~rpo~si~ = o, ~ . . ~ ~1~elen J. Foster y : ~ ~ ~ rhereie ~cpressed. Md 1M sa~d '=T--~~;~;-+' s ~ Roland Fostez w~re of rh~ s.id upon • s~w?~~1!'~d°jkiwN+ ~ ~ examinatan by me taken separate and ap~rt from her said husband, ackrawled~ed ro and befo.~ mt tMt ~M executed said irqt~urrKnt fratlr and vol~n- ~ ra~ily and w~thovt any compulsion, constr~int, sppre W~,pf or from her s~id Fnnband. ~ WITNESS my I~and and official aeal t' d of June ~ p, 19 69 ~ ~ Not~ry Publit in ~nd fw the Stat~ of Florid~ ~t Laty~ My Commiuion ~xp'veu ~ Return ta. ' fint F~s~l Sav' t i loan Association ~ ~ ~ ~ ~pT~Y /f,u11C. ~TAiE Of FLGRiDA At L~ Of Fwt P«.c~. MY COMMIyStOy EXPiKES n~v. ~if; _ Fort Piern. Flaid. p~Q~q [„ROy~iN t . o~~sr~~M~~as ~ ~~~f~ AND RECORDED i ~ ST, I.UCIE COUNTY. FL~. F~= Cf~~'~ V~ M~FIEC ; ~ - ~ 180142 ~ This Instrument Prepared By J. D. Chastain 3 ~ First Federol Savings b Loan Association ~ 2~~Q ~ ~ ~ of Fort Pierce ~ RloY ida 69 JUl <~j?~~ ~ t?C': ~?~~017~:.S ~ CL~RK ClRCUIT COURT i ~ ~ ~ i ~ r ~ c ~ n.~ E ~ . . _ _ " _ . _ _ . _ _ _ ~ ~S~` _ ;G~~.s _.J.,.~ _,s,...a i. , _ . , .