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HomeMy WebLinkAbout2412.~ r ~: :~ ~. To plan and cont'rrtrrovah keep on flee buildups raw « hereafter situate ors Maid land and on all equipnterst and ' - ~'ti age, with aU premiwtts theraars paid in fu16 fin inawana in tM vswl standud policy form, M a sum approved by ~ imwana in tM uswl standard policy form, in a cam approved by IM MORTGAGEE, In such company « . . dinctt and all fin and windslam irtararat policies on any of said buildingp„ any inareN therein « part thereo t oE, in sxota thereof, shall contain tM uewl standard mong+gee davw a wd- other clause a tM Morgages may regv ties, each and awry. payable ro said MORTGAGEE as is interest may appear. and sack and awry such Policy shall bs' it " I any held by said MORTGAGEE p funkier asarity ro said morlgags debt. and, not Isss than tan (10) days a adverts of ,t _ 'off ~; .~da- Ever rosaid MORTGAGEE a renewal thereof, together with a receipt for tM premium of sud+ rertewalj and tMn atoll _ . plead on any of said buildings, any interest therein « pan thereof, carless in the form and with tM loss payable as a ... .~ " ~ ~ of rstortey beoorrtea payable under sudt poligr « polkiae said MORTGAGEE shall haw tM option ro receive and apply tM " r»aa aetwed hereby « ro permit wid MORTGAGORS ro receive and _ use it « any part thereof fa other purposes, withou a 1 impair- irp any equity. lien « right undo « by virtue of this mortgagsj and Mt tM event acid MORTGAGORS sMll f« any roaaon fait b IINLt~ premises w inswed « fall b deliver promptly any of said polides of inswana ro said MORTGAGEE. « fail promptly ro pay fully any premium thersf« « Yn any respell tail b perf«n4 discharge, s:etvts, sffed, complete, comply with and abide by this covenant, « any pan hereof. said MORTGAGEE may place and par f« stxh Inswancs « arty pan thereof without wahrtrp « affsding any option, Ilea, equity. « right under « by vines of thh Mortgage. and tM . full amount of each and scary such payment shall be irsrrtediaaly due and payable and shall bear interest from tM date thereof until paid at tM ra» of nine per tentum per annum and together with wch interest shall be secured by 1M lien of this mortgage. 1. To permit, oorstmit « wffer ro waste, krtpairment « deterioration of said properly « arty pen thereof. S. To pay all and sMtgular the coca, charges and expenses. including a naaoeable attorney's fee and oosri of abstracts of title, incurred « paid at any time by wid MORTGAGEE, because « in the event of ills isikrn ors the pan of the said MORTGAGOR ro duly. promptly and fully perform, discMrga~ execute. effect. oanple», comply with and abide by each and every tM stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any « either. and said costs, cftarges and expsrgea, each and every, shall bs immediately des and payable: whether w not there bs notice de• mend, attempt ro eollsct « wit pendirgj and the full amount of each and every such payment :lull bear interest from tM date tM-eof until paid at tM rate of nine per tsntum par annum; and ell acid costa, tMrges and expenses incurred « paid, rogsther with such interest, shall bs secured by tM lien of this magage. 6. That (a) in the event of any breach of this AAortgags « default on the pan of tM MORTGAGOR, « (b) in tM event any of said cams of money herein referred ro be not promptly end fully paid within thirty (30) days next after tM same severalty becane due and payable, without demand « notice, or (ra in the evert each and every tM strpuletions, agrserrtertts. conditions and towrunts of said promissory rate and this mortgage any « either an rat iuly, promptly and fully performed, discMrged, srearted, effected. comptNed, complied with and abided by, then in either « any such event tM said ag• gregaa sum rrtentiaud in said promissory note then remaining unpaid, with interest accrued, end all moneys secured hereby, atoll become des and Pay able forthwith, « thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of the said sums of rrartsy were «iginalfy sY~ptrlatad to be paid on such day, anythirp in said promissory note « in this Morgage to the contrery notwithstanding; and thereupon « thereafia at the option of said MORTGAGEE, without notice « demand, wit at law « in equity, theref«e « thereafter begun, may be prosecuted as if all matey: secured hereby had matured prar ro iri institution. 7. That in tM event that at tM beglnnirp of « at any time patding any wit upon the Mortgage, « ro f«eclose it, « ro reform it, « ro enforoe payment of any daims hereunder, said MORTGAGEE sMll apply to tM Court having jurisdict'ron thereof f« tM appointment of a Receiver, such Court atoll Forthwith appoint a receiver of said mortgaged property all and singular, incltrd~ng all and singular the income, p-ofiri, issues and revenues from who»ver sours derived, each and every of which, it being expressly ur-derstood, is hereby mortgaged ss if specifically set forth and described in the granting and habertdwn clwses hereof, and such Receiver shall Mve all tM bosd and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and without reference » tM adequagr « inadequacy of the value of the property morlgsged « to the solvency « insolvency of said MORTGAGOR « the defendants, and that such rents, profits, income, issues and revenues shall bs applied by such Receiver act«ding to the lien « equity of said MORTGAGEE and tM pactice of such Courl. a To duly, promptly and fully perform, discharge, execute, effetl, caripkte, comply with end abide by each and every the stipulations„ agreements, cond'tt'ans and covenants in said promissory note end this mortgage set f«th. 9. TMt in tM event tM ownership of tM mortgaged premises. « any Pan thereof, becomes vested in • person other than tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, rsuy, without notice ro the MORTGAOR, deal with such suaess« « successor in interest .with reference ro this mortgage and the debt hereby seared )n tM same manner as with Mortgsg« without in any way vitiating « discharging fM Morlgagore' liability Mre• under « upon the debt hereby seared. No sale of the premises hereby mortgaged and ra fabearartce on tM parl of the MORTGAGEE « iri waessore or assigns and no extension of the Yrrrte f« the payment of the debt hereby secured given by the MORTGAGEE « iri success«s « assigns, atoll operate ro release, discharge, modify change « affect the «iginal liability of the MORTGAGOR herein, either )n whole « in parl. 10. It is specifically agreed that Yurte ri of tM essence of this cont-sn and that no waiver of any obligation hereunder « of tM obligation sea cured hereby shall at any Yana thereafter be Mld to be a waiver of tM farms hereof « of the instrument seared herby. 11. In addiYron to the foregoing monthly paymenri of principal and interest required by the promissory note secured hereby, mongag« covenanri and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal ro 1/12 of the annwl cost of the follow- ing: A-All real property taxes levied « assessed against the above described real estate. Fl-Premiums on fire and windstorm insurance as herein requiretl to be carried on the improvements sitwte on the above described prerriaes. C-Premiums on such mortgage gwranty inswartce as mortgagee shall from time to time deem fit to arty on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such cam shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mongag« of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real properly taxes, iraursnce premiums, end mortgage guaranty insurance premiums. ' IN WITNESS WHERC#, the said MORTGAGOR has hereunto set his hand and seal the day and yex first of«esaid. prs sale red d red in the presence of: ~i~i _ ~j ~1.~ n M an Bar r n n " es R. Bar r ~, STATE OF f1lORIDA St. Lt>bcie ~ courfnr of Mfore „a ~,a,ally,~eif~ Mae Jean Barker. formerly Mae Jean Winn and Jaanes R. Barker. her husband ~~ ""-~-, to me well known and known ro me ro be the irtdviduab described in and who ~xeartad the f«egoiig instrument, and ackrawkdged bef«e me that they exearted tM same f« tM purposes therein expressed. Ard the w:a Mae Jean Barker, formerly Mae J -an W, nn ' wife of tM cad Janes R . Barker upon . asperse. and priva» examination by ms taken eeparaN and apart from her said husband, acknowledged ro and before tree that sM executed said instrument freely and vohrrt- rarity and without any compulsion, constraint, appre)tertsiort, « fear of « from ha said husband. WRNESS my hand and official seal thi• ~~ day of Septeaber _ ,A.0. 19~_ • FILED AND tJUNTY ~1.A• Retum To: ST. ~C~RD `lERIF1ED First Federal savings a Loan AssociaYan (~jAA43 Of Fon Pierce. i~lW A Forl Pierce, Florida to ~ 3 t69 SEP ~ ~ ~ ~~°~`... Notary Public in and for tM Seats of fiorida at Largo My Commissars expires: ffifTlti/T M~t10. ftTSTF ai prestos eT (fIR•• MY COMMISSION FYD1^`~ °CPT. 15- 1!7? eONO[O TNIrOWtt /ItEp w. O.tfTtL,rGOSs y-is-7~- This Instrument Prepared BA~~j~VIT~RTi First Federal Savings dr Loan t t( C of Fort Pierces Flo a u,e~ed 8y ~~'7g ~~4~.0 -,~ ~ cf