Loading...
HomeMy WebLinkAbout1841 i 3. To plx~ and contieuousty ke~p on tM b~itdin~s now a h~reaftK sitwq on said land and on ali equipment ~nd p~rwn~ily cover~d by thi~ mort~ p~, wi~h ~II ptemiums Iheteon paid in fvll, fire insuranca ie tlv uiuai st~ndsrd potity form, in a sum approv~d by tM MORiGAGEE, and w'u~dstwm insurant~ in ths uswl it~ndard poliq fwm, in ~ ium ~pproved by tM MORTGAGEE, in wch company or compan~ts as tM MORTGAGEE may directt ~+d all tin and windstorm ins~~ance policies on any of said build~nps, any intere~l therein or paH thereof, In tM +~reyaq wm a(orssaid w In ~xcess theraof, shall contsin ~M usval ~tandard matgagM claus~ o~ ~uch other d~uss as the Mortysgee may requiro. makinp tF+s iou ~nde~ said poli~ cih. ~ach ~nd every. paYabl~ ro said MORTGAGEE as its intere:t may ~ppear, and each and every :uch policy ihall be promptly au:yned u+d delivered to ~ny MW by said MORTGAGEE as ivrther security to said mort9age debt, and, oot less than ten (10) days in advance of tha expira?ion of each poliq, to da IivM to taid MORTGAGEE a ~enewal thereof, to~ethsr with ~ receipt fw the premium ot such renewal; and there ~hall be ~o fire w windstorm iniursnce plac~d on ~ny of said buildin9s, any interest theran or pa~t thereof, unless In the torm and wilh the lou p+yable as afore~aid; a~d in the evMt ~ny sum of morwy becanes payable unde+ such po~icy a polKiss s+id MORTGAGEE shall have ~he option to receive and apply the same on +ccount of the indebted~ neu utured her~by o? ~o permit isid MORTGAGORS to reteiva snd uie it w any part thereof for othcr purposes, ~vithout thareb~ waiving o~ ~mpair- i~q any equity, li~n ot ri9ht under or by virtue oi this mo:tyafle; and in tM evcnt said MORTGAGORS shall fo~ any reason fail to keep the ssid p~emises so i~sured, a f~ll b deliver promptly ~ny of said polKies of insvrance to said MORTGAGEE, w fail promptly fo pay fulty any p~cmium lherefor w in any respect fail ro paform, discharge, execu~e, ef(ed, tompkte, comply w~rh and abide by this mvenant, w any part hereof, said MORTGAGEE may p~sce and pay fa such inw~anc~ w any part thereof without waivi~g w affectinp any option, lien, eqv~ty, or rigM under w by virtw of this Mwtgsge, and the full amo~nt of each snd ~very tuch payment shal! be immediately due ar?d paysble ~nd shall brsr imerest from the date thereof until paid at the rate of nine per centum pN annum and together with suth i~terest shall be ucured by ihs lien of fhia matgage. 4. To permit, tommil or iuffer no waste, impairmsM w deterio?ation of said property o~ any psrt ihereof. S. To pay ~U ~nd iingulu the cosfs, charg~s snd expenses, including a reasor?able attwney i fee and costs of absnacts of title, incurred or paid at eny time by said MORTGAGEE, becavx w in the event of tM failure on the parl of the said MORTGAGOR to duly, promptly and fully perform, d~schargR execute, effect, compiet~, comply with ar,d ab:de by each and every the st~pulanons, agreements, cw+ditions, and covenants of ia~d promiuory note and this mort9s~e any or either. ~nd w~d costs. charges and expenses. each and every, shall be immediately due and payable: whether w ~ot there be no~ice de~ mand, attempt to coltect or suit pe~ding; and the full amovot of each and every such paymem shall bear intercs~ from the date thereof until paid at the rate of nine per tentum per annum; and all said costs, charges and expenses incurred or paid, together w~th suth intereit, thall be secured by the lien of fhi~ mo?t9+y~- b. Thsf (a) in the event of any breach of this Mortga9e w default on the part of the MORTGAGOR, a(b) in fhe event any of w+d sums of money herein referred to be not promptly and fully paid within thirty (30) days ~ext after the :ame severally become due and payable, without demand a notice. or (c) in the event each and every the stiputations, agreements, cond~tions and covenants of sa~d promiuory oote and th~s mortgsge ~ny or either are no~ ~uly, promptly and fully perfwmed, d~sct~arged, executed, effected, completed, compl~ed with and ab~ded by, then in either o~ any such event the said a¢ g?egate wm mentioned in said promissory note then remaining unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due snd psy- able fwthwith, a thereafter, at the option of said MORiGAGEE, as fully and completely as if all of tF+e said sums of mooey were aiginally st~pulated to be paid on such day, anything in sa~d prom~sso?y note o~ in this Mortgage to Ihe contrary notwithstanding; and thereupon or thereaiter a~ ti~e option of said MORTGAGEE, without ootice or demand, suit at Iaw or in equity, therefore a thereaiter begun, may be prosecuted as if all mw~eys secured hereby ~ad matured pnw to ib imtitution. ~ 7. ?hst in the event that at the beginning oi or at any time pending a~y suit upon this Mortgage, or to foreclose it, or to refwm it, or to enforce payment of sny claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~dion thereof for the appoi~nnent of a Receiva, such Coun shail forthwith appoint s~eceiver of uid mortgaged prooerty all and singular, irxlud~ng aIl and s~ngular the income, profits, issves and rev~nues from whatever wurce derived, each ~nd every of whKh, i~ being expressly undersrood, is hereby mor~gaged as if spec~fically set fath and described in 1F?e yranting and habendum clauses hereof, and such Receiver shall have all the broad and eifec~~ve funcr.ons and powers in snywiu entrusted by a Court to a Receiver, s~d such appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and withouf reftrerxe to tha edequaq or inadequacy of the value of the property mwtgagcd o~ to the sotvency or insolvency ot said MORiGAGOR o~ the defendants, and Ihat iuch renb, profin, incort?e, issues and reve~ues shall be applied by such Reteiver according to the lien a equity of said MORTGAGEE and the practice of suth CouA. ~ 8. To duly, pramptly and fully pe~form, dixharge, e:ecute, effect, complere, compiy with and abide by each and every the stipulations, agreements, condiians and covenants ~n sa~d promissoay note and this mwtgage set forth_ i 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTCaAGOR, the MORTGAGEE, ib successors and ass~gns, may, wifhout no~ice to ~he MORTGApR, deal w~th such successw w successa in interest with reference lo this mortgage and t!x debl hercby secured in the same manner as with Mortgagw withovt in any way vitiating a d~scharging the Mortgagori lisbility herr under o? upon Ihe debt hereby secured. No sale of the premises hereby mo~tgeged and no forbearance on the part of the MORiGAGEE or its successors or ass~gns and no extens~on of the time for the psyment of the debt hereby secured given by the MORTGAGE'_ or its successors or au~gns, shall operate fo release, dischargc, nwdify change or affM tix orig~nal liab~l+ty of the MORTGAGOR hsrein, either in whole or in part. 10. It is speufically agreed that time is of the ~sence of this contract and that no waiver o( any obl~getion hereunder or of the obligation se- cured hereby shali at any time thereaFter be helo to be s waiver of the terms hereol a of the instrument secured herby. 11. In add~tio~ to the fwego:ng month!y payma~ts oi p~inc pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee vvith each monthly payr,;ent an add~rionat sum est~mated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- ing: A-A!I real property taxes kvied o? assessed against thc above desc.ibed real estata B-Prem~~ms on fire and windstarm insu~ar.ce as here~n ~equ~red to be carried on the ~mprovements situate o~ the above described p~emises. ; C-Premiums on such mortgage guaranty insurar.~e as mongagee shail hom t.me to time deem fit to carry on the ban secured I+ereby. i Mortgagee sha!1 from time to ticne notily mortgagor in writing of the amo~~t due and payable hereunder and such sum shall thereupon be due and { payable on the dve date of the next mo~thiy payment and each successive month thereafter u~tet mortgagee shall ~otify mortgagw of a change in such ~ amount. 5uch sums sF.ail be applied by mo~tgagee toward the payment of ~eal property taxes, insurance prem:ums, and mortgage guaranty insura~te premiums. j ~ IN WITNESS W EOF, the id MORTGAGOR h~s hereunto ut his hand and seal the day and year firat aforesaid. Seal o~: ' \ _ :e~~?s_r' ~ ~ ~.isr~~_(c"4 ' cs~.n , ~ ~ l ` ct--n ; STATE OF FLORIDA 1 COUNTY Of S t_ 1_ uC 1 e i~ befae ~e ~r~uy,~ea«d Nathaniel Czomes Mat=dell Cromes his w~fe, to me well known and known to me to b~ the individwis desciibed in ar?d who executed rhe foregoirg instrvment, and +cknowled9ed before me that tF+ey e~eecuted the same iw tM purposes rt+a.eie+ e:p.essed_ Md rhs •,id ~faudell Cromes ~,fa ~ Vathaniel Cromes ,~H~,,,d examination by me taken sepsrate and apart from her said husband, ackrawledged ro •nd before me that she exetuted sajd i~1f?6(wntsf~~y-m~ YOIw~- qrily and w~thout any compu~sion, constraint, apprehens~on, q~ fem of a from her ssid hushand. WITNE55 my hand snd oificial seal tbis _ ~/V~+C day of J~ Y A. `f1. 79_~ ~ ~~..1~.-~~- a'"~~,~ . . ~ Notsry Public in and (or the Seft~of FJ~idL~ N L``~~' ~ My Comm~uia+ exp'~res: /~.s+~i~: ' ~ . Return Tw. ~ ~ is-3- 7/ ~ Fint Ftd~ral Savinys 6 loan Associat~on ' ~ of Fa+ o+««. FIl.EO AND RECORDED~ ~ ~ Fw, P~er~l, Florida ST. LUCIE COUNTY. FLA. ~ ~ ~2F~Q?:; `I~RIFIED ~ 1802'?'3 ~ ~ ~ ~ This Instrument Pre red B J. U. Chastain ? ~ ~Q • q7 e ~ First Federal Snvings d. loan Ass ciation '69 JUl ' ~ of Fort Piercq F la rida ~~~'t- ~ :~JE'! ~ Q1 { RI.S ' ~ ~h~~~ By ~ ~I.~RK CIRCUIT COURT. ~ ~ _ ~ ° R 178 1840 ~ ~ 600K c f ~ ~ ~ ~ ~~~i . ~ ~ r.~ . . . - ~ ' ~ ~ s_ _