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HomeMy WebLinkAbout0633.i ~.~ ;t _ ~. To place and continuously keep on tM buildings now a Mreaftar utuate on said land and an all equipment and partwnally covered by this rrtortg~ age, with all premiums thereon paid in fu14 fire inswanct in the usual standard policy form, in a sum approved by tM MORTGAGEE. and windstorm insurance kn the uswl standard policy form, fn s vein approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direct) and all fire and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid a In excea thereof, shall contain tM uswl standud mortgages clava or such other claua as 1M Mortgagee may require, making tM loss undo said poli• ties, each and every, payable t0 said MORTGAGEE as its interest may appear, and each and every such policy sM11 bt promptly sa:gned and delivered to any held by said MORTGAGEE as funkier security to said mortgage debt, aril, not less than ten (10) days in advance of the expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there sMll M ra fire or windstorm insurance placed an any of said lwildirtgs, any interest therein or part thereof, unless to the form and with tM loss payable as aforeaid; and in the event any sum of money betorrws payable under such potigr a policies aid MORTGAGEE sMll haw the option to receive and apply tM same on account of tM ir-debted• recce secured hereby a to permit said MORTGAGORS to receive and use it or any part (hereof for other purposes, without thereb/ waiving or impair- ing any puny, lien or right under or by virtw of this mortgage; and in the event aid MORTGAGORS sMll (or any reason kill to keep the said premises so (revered, a fall b deliver promptly any of aid policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fail b pertain, discharge, e:eNte, effect, complete, comply with and abide by this covenant, or any part hereof, aid MORTGAGEE may plan and pay fa cloth inttxantx or any part thereof without waiving or affectiry any option, lien, equity, a right under or by virtw of this Mortgage, and tM full amount of eadt and every such payment sMll be immediately due and payable and sMll bear interest from the date thereof until paid at tM rate of nine per-eerqurn per anrwm and together with such interest sMll be secured by the lien of this mortgage. 4. To permit, commit a wffa no waste, impairn-ent or deterioration of said property or any part thereof. S. To pay all and singular the coats, tftarges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid it any time by aid MORTGAGEE, because a in the event of the failure on the part of the aid MORTGAGOR to duly, promptly and fully perform, dischargR execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of aid promissory note and this mortgage any or either, and aid cosri, charges and expenses, each and every, sMll be immediately due and payable; whether or not there be notice de- mand, attempt to collect or wit pending; and tM full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per tMtum per aruwm; and all said cosri, charges and expenses incurred Or paid, together wuh suc}t interest, sMll be secured by the lien of this ~~- 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aid sums of money herein referred to be not promptly and fully paid within thirty (30i days next after the same severally become due and payable, without demand or notice, or (t) in the event each and every the sfipulatior-s, agreements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, disrftsrged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag• gregate vein mentiated in aid promissory note then remaining unpaid, with iroerest accrued, and all moneys secured hereby, sMll become dw and pay- able forthwith, or thereafter, at the option of aid MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at tM optan of said MORTGAGEE, without notice a demand, wit at law or in equity, therefore or thereafter begun, may be prosecuted as if all morteys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to reform It, or to enforce payment of any cnirrts hereunder, aid MORTGAGEE sMll apply to fire Court Mving jurisd;ction thereof for tM appointment of a Receiver, such Court sMll forthwith appoint a receiver of said mortgaged property all and singular, including ail and singular the income, profits, issues and revenws from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in the granting and hsbendum clauses hereof, and such Receiver sMll Mve all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment sMll be made by such Courtt as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adpuacy or inadequacy of tM valor of the property mortgaged or to tM sotvengr or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, irxome, issues and revenues sMll be applied by such Receiver according to the lien or equity of .said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditiorts and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of 1M mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, tht MORTGAGEE, iri successors and assigns, may, without notice to tM MORTGACIR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner of with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under orupon the debt hereby secured. No sale of tM premises hereby mortgaged and ra forbearance on the part of tM MORTGAGEE or iri wccesson or augns and ra exter-sion of the time for the payment of the debt hereby securfd given by the MORTGAGEE or its successors or assigns, sftall operate to release, disdtarge, modify cMrtge err affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of tM essence of this contract and that no waiver of any obl'gation hereunder or of the obligaYton se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to tM foregoing monthly payments of principal and interest requ'wed by the promissory rate secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annwl cost of the follow- ing: A-All real property taxes levied or assessed against the above descrbed real estate. B-Premiums on fire and windstorm iruurance as herein required to be carried on the improvements situate on the above desuibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on tM loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum sMll thereupon be dw and payable on tM due date of the next monthly payment and each successive month thereafter until mortgagee sMll notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranty insurance premiums. IN WITNESS WNER OF, the said MO AGOR has hereunto at his hand and seal the day and year first aforesa' . Sign Sealed a d del' i presence of: ~ aq - ~ •n ~~ STATE OF FLORIDA SS. COUNTY OF S t. L L1C l e ilefom rite personally appeared Ivory Tyler ,mJ Henrietta Tyler his wife, to me well krawn and known to me to be the individwb desuibed in and who executed the foregoing instrument, ertd acknowledged before me that they executed the same for the purposes ~~.; . ~_ therein expressed. And tM sa' _ . , R.• , . wife of the aid Ivory Tyler „~;~ ~.~~ examination fay me taken separate and apart from her aid husband, sdcravvledged to and before me that she execute$.sspd ,.,lY .. tarily and without any compulsion, constraint, appreisensilon, or fear of or from her said husband. ~~.'.~ WITNESS my hand and official seal this 6 ~f day of A L1cl Us t ' . , ~ _', Notary Public in and for file State of Florida My Commission expires: ~~ ~ : ~ ..~~.~i Qettrrn To: _ ,rs,; First Federal Savings 3 loan Association ': +; f!_ rf~~ ~•~ *~ ~~ •~ .rv Of Fort Pierce. =.~~7' Fort Pierce, Florida -FILED ANES RECOR~Eat ,,Y~~ ST, t_UCIE COUNTY. FLA.' • RECORb VERIFIED 181558 This Instrument Prepared By Richard K. Kaye s First Federal Savings b loan Association fs of Fort Pierce, r lorida • ~ Checked By ~' ~, SOOK 1 ~~ PAGE 9 AUG ~ AM 10 : t30~ ~' ' ROGER ro1TRaS CLERK CIRCUIT COURT; 63Z r~ x~,•~t ~~'~ , ~ ~: 1St C` ~'is ,_~ i.i ; _ .~ _y _..-. -_ _