Loading...
HomeMy WebLinkAbout1996`~ ~ ~. To place and continuously keep on tM buildings now a hereafter situate on said land and on all equipment and personally covered by this mortg~ age, with all premiums thereon paid in full, fire insurance in tM uswl stardard policy facer, In a wm approved by tM MORTGAGEE, and windstorm insurance in tM uswl standard policy form, in a wm approved by tM MORTGAGEE, to such. company or companies as tM MORTGAGEE may direct; and all fire and windstorm inuxarrce policies on any of said buildings, any interest therein or part thereof, in tM aggregate wm afortsald a to txcess thereof, sMll contaen tM usual standud mortgsgte clause or such other clause as tM Mortgagee may require, making tM loss under said pdi• ties, tech and every, payable ro said MORTGAGEE as its interest may appro. and each and every such policy shall be promptly assigned and delivered to any Mld by said MORTGAGEE as furtMr seWrity to said mortgage debt, and, not less tMn ten (10) days in advance of tM expiration of each policy, ro de• iivtr ro said MORTGAGEE a renewal thereof, togsthu with a receipt for tM premium of such renewal; and there shall b! no fire or windstorm Insuranu placed on any of said bvildirrgs, any interest thutin or part thuwf, unleu in tM form and with tM loss payable as afores+id; and in tM event any wm of morrty btcornts payabM under such Polley a policies said MORTGAGEE shall haw tM option to receive and apply tM same on account of tM irdebted• ness stewed hueby or ro permH said MORTGAGORS to receive and use if or any part thereof for other purposes, without thereby waiving or impair- ing any puny, (itn or right under or by victor of this mortgage; and in tM event said MORTGAGORS shall for any reason fail to keep tM said premises w insured, or fall ro deliver promptly any of said policies of insurance ro said MORTGAGEE, a fail promptly ro pay fully any premium tMrefor a in any respect fail ro puforn4 discharge, txecute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay for such inwranq a eny part tMreof without waiving a effactirrg any opikon, lien, equity, a right under a by victor of this Mortgage, and tM full amount of each and curry such payment shall be immediately dw and payable and shall bear interest from tM date thereof until paid at tM rate of nine per rentum per anrwm and together with such interest shall be secured by tM lien of this mortgage. 4. To permit, canndt a wffu no waste. impa'urrrent a deterioration of said property a any part thereof. 5. To pay all and sirgulu the costs, charges and expenses, intludirg s reasonable attorney's fee and costs of abstracts of title, Incvrted or paid at any time by said MORTGAGEE, because or in tM event of tM failure on tM pa~Lof tM said MORTGAGOR to duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or eithu, and said costs, chuges and expenses, each and every, sMN be immediately dw and payable; whether or not there be notice der mend, utempt ro collect or wit pending; and tM full unaxrt of each and every such payment shall beu interest from the date thereof until paid at tM rate of nine per centvm per amwm; and all said costs, charges and expenses incurred a paid, together with such interest, shall be secured by tM lien of this rrrortgage. 6. That (a) in tM event of any breach of this Matgagt or default on the paH of the MORTGAGOR, or (b) in 1M event any of said sums of marry herein referred to be not promptly and fully paid within thirty (30) days next after tM same severally become dw and payable, without demand o- noirce, or W in tM event each and every tM stipulations, agreements, conditions and covenanter of said promiuory note and this mortgage any or either ue not iuly, promptly and fully performed, discharged, executed, effected, completed, cornpi'kcd with and abided by, then in either or any such event tM said ag• gregste wm menikoned in said promissory note then remaining unpaid, with interest acurxd, and all moneys secured hereby, shall become dw and Pay able forthwith, or thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to tM contrary notwithstanding; and thereupon or thereafter at tM Deleon of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matu-ed prior to its institution. 7. That in tM event that st tM beginning of a at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or ro enforce payment of any claims hereunder, said MORTGAGEE shall apply to tM Court Fravirrg jurisdiction thereof for tM appointment of a Receiver, such Court shall forthwith appoint s receiver of said mortgaged propeAy all and singular, includm9 all acct singular the income, profits, issues and revenues from whatever source deriv~Teach and every of wheth, it being expressly understood, is hereby mortgaged as of specifically set forth and desuibed fn tM granting and habendum clauses hereof, and such Receiver shall have all 1M broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court u an admitted equity and a matter of absolute right ro said MORTGAGEE, and without reference ro tM adequacy or inadequacy of the valor of tM property mortgaged a to the solvency or ensolvenxy of said MORTGAGOR o- the defendanri, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to tM lien or equity of said MORTGAGEE and tM practice of such COVft. 6. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditioro and covenants in said promissory note and this mortgage set forth. 9. That in tM event tM ownership of tM moAgaged premises. a any part thereof, becomes vested in a person other than tM MORTGAGOR, the MORTGAGEE, iri successor and assigns, may, without notice to the MORTGAOR, deal with such successor or successor en interest with reference to this mortgage and tM debt hereby secured in tM same manner as with Mortgagor without in any way vitiating a discharging tM Mortgagors' liability here- under orupon the debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor or assgns and no extension of tM time for tM payment of tM debt hereby secured given by tM MORTGAGEE or iri successors or assigns, shall operate to release, discharge, modify charge or affect tM aeginsl liability of tM MORTGAGOR Mrein, either in whole or in put. T0. It )s specifically agreed that time is of tM essence of this contrail and that no waiver of any obligation hereunder or of tM obligation se- cured hereby shall at any time thereafter be Mld to be a waiver of tM terms hereof or of tM instrument secured frerby. )1. In addition to the foregoing monthly payments of princpsl and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an sddirional sum estimated by mortgagee to be equal to )/12 of the annual cost of the follow- ingc A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm ensurpnce as herein required to be carried on the improvements situate on the above desuibed premises. C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a Chang in such amount. Such wms shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gw-anty insurance premiums. --. /~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the deyi aril year t afor id. (+ Signed„Sealed and r~livere~n tM presence of: ~.~~ . ~.,~~~~ rs..:.)) SS. Before me ptsonally appeared Lloyd Taylor and Clotilde F • Taylor his wife, to me well known and known to me ro t» the indevedwb described in and who executed tM foregoing instrument and acknowledged before me that they executed tM same for tM purposes therein expressed. And tM said Clotilde F. Taylor _ wife of tM said Lloyd Taylor upon • separate and private examination by me taken separate and apart from her said husband, acknowledged ro and before me that sM executed said instrument freely and volun• tartly and without arry compulsion, constraint, apprehension, or feu of or from her said husband. WITNESS my hand and official seal this ~ ~.~~ day of A. D. 19 69 Return To. First Federal Savings b loan Association Of fort Pierce. Fort Pierce, Florida This Instrument Prepared By Richard K. First Federal Savings dr loan Association • of Fort Pierce ~ Florida Checked By,~ Notary Pulilec in and for tM State of Florida at loge pir es : q - ~ 3 - ~j Q My Commission ex e .. , ``,,t~r1Nk(:rr,t,,l ~ ~ y '~'^, State ~ fl0ltda at `, . ~~~ 1 ~ ,. - . ~ ~ ••,• ~ Conlnwssion E><pires Sept. 23 19~ • ~~•.......•~v. , " • ~ l~ .~ ;:.i ;~• • '•. ~i ~ '~ `' ~:•~~~v `-`•~~ ~ ~ ~ ra a G.rasEr c.. r~ Hr A.aria. r FILEO ANO RECORDED ~::'4:;0~!~~•'=,;~ ~ -- ;:j~ t-~ T FLA. LUCIE COUNTY. - S . ~ ,~ . k. • v: .~: , 1 ° ~~' ~ J ~' ' ' - ~: ~ 1825~s2 a ~,y ~: y ~ ~.. =.~ 5;.•- - -•;~~~, -.~}. 69 SAP 3 PM 3 • . _ ''rrrtrtatssss`' ~ L ~ '•Ov~'~ ~~011'K~S CLERK ~iRCUIT COURT . ~ gooK x.79 ~~~~~4 couNTy of ~ • WCIE