HomeMy WebLinkAbout24979. To play and contirttrously keep on tM buildings now a Mreafter situa» on said land and on all equipment and personally covered by this mortg.
age, with all premiums thereon paid in full, fire insuranu in tM uswl stsrdard policy form, in a wm approved by tM MORTGAGEE. and windstorm
insurance in tM uswl standard polity fam, in a wm approved by tM MORTGAGEE. in such company or companies as tM MORTGAGEE may
directs and all fire and windstorm insurance policies on any of Nld buildings, any Interest therein or part thereof, in the aggregate sum afo.esald a
In excess thereof, shall contain tM uswl standard mortgagee clause or such other clause as tM Mortgagee may require, making tM loss under said poli-
ties, each and every, payable ro said MORTGAGEE a its interest may appear. and sash and lorry such policy shall be promptly assigned and delivered to
any hold by said MORTGAGEE as fwther security to said mortgage debt. and. not less tMn ten (10) days in advance of tM expiration of each policy, ro de•
(ivN ro said MORTGAGEE • renewal thereof, together with a receipt for tM premium of such renewal; arxf there shall be ra fire « windstorm inswanu
plaod on any of said buildings, any interest therein a part thereof, unless in tM torntt and with 1M loos payable as aforesald; and >n tM event any wm
of money becanes payable under suds policy a policies said MORTGAGEE shell Mw tM option ro reuiw and apply tM same on account of tM indsbted•
mess secured hereby a b permit said MORTGAGORS ro receive and use It or any pert thereof for other purposes, without thxeb~ waiving or impair-
ing any equity, lien or right under or by virtw of This mortgage; and In tM event said MORTGAGORS shall for any reason fail to keep tM said premises so
insured, or fail to deliver promptly any of said policies of irowance » said MORTGAGEE, a fail promptly to pay fully any premium therefor a h any
respect fail b perform, dischuge, executes effect, complete. comply with end abide by this covenant, or any part hereof, said MORTGAGEE may plats and
pay for such irgwarKe or any part thereof without waiving or affecting any option, lien, equity. or i~ght under a by virtw of this Mortgage, and 1M
full amount of each and awry such paymxtt sMll be immediately dw and payable and sMll bear Interest from tM date thereof until paid at tM ra» of
nine per pntum per annum and together with such interest shall be severed by tM lien of this mortgage.
1. To permit, commit a suffer no waste, impairment a deterioratan of said property a any part thereof.
5. To pay all and singular tM costs, charges and expenses, including a reasonable ettarney's fee and corn of abstracts of title, incurred a paid at
any time by said MORTGAGEE, because a in tM event of tM failure on the part of tM said MORTGAGOR to duly, promptly and fully perform, discharge;
execute, effeil, complete, comply with and abide by each and every tM stipulations, agreements, condiitoM, and covenann of said promissory note and this
mortgage any a either, and said costs, charges and expenses, each and every. sMll be immediately dw and payable; whether a not there be notice de•
mend, attempt ro collect a wit pending; and tM full amount of each and every wch payma+t shall bear interest from tM date thereof until paid at tM
rare of nine per centum pa aruwm; and all oak! costs. charges and expenses incurred a paid. together with such interest, shall bs secured by 1M lien of this
6. That (a) in tM event of any breach of this Mortgage o- default on the part of tM MORTGAGOR, or (b) in the event any of said sums of money
herein referred to bs not promptly and fully paid within thirty (30) days next after the same severally become dw and payable, without demand a notice,
or (c) in tM event each and every 1M stipulaYan; agreemenn, conditions and covenann of said promissory note and this•mortg~ge any or either are nW
iuly, promptly and fully performed, discharged, executed, effeiled, completed, complied with and abided by, then in either a ally such event tM said ag•
gregate wm mentioned in said promissory rate then remaining unpaid, with interest accrued, 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 a in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at tM ogler of
said MORTGAGEE, without notice or demand, wit st law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys sanwad hereby
had matured prat to in institution.
7. Tisat in the event that at tM beginning of or at any time pending any suit upon this Mortgage, or ro foreclose it, or to reform if, or to enforu
payment of any claims hereunder, said MORTGAGEE shall apply to the Court Mving jurisdiction thereof for tM appointment of a Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged property all and sirgular, including all 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 described in tM granting and
hsbendum clauses hereof, and such Receiver shall haw all tM broad and effective functions and powers in anywise entrusted by a Court to a Receiver, end
such appointment shall be made by such Court as an admitted equity and s matter of absolute right to said MORTGAGEE, end without reference ro the
adequaq a inadequagr of the wive of the property mortgaged or to the solvency a insolvency of said MORTGAGOR or the deftndann, and that such
tern, profin, income, issws and revenues shall be applied by such Receiver saording to the lien _or equity of said MORTGAGEE and the practice of such
CouA.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulalans, agreemenn,
condiliorts and covenants in said promissory note and this mortgage set forth.
9. That in the event tM ownrenhip of tM mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, tM
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with reference to this
mortgage and the debt hereby secured in tM same manner as with Mortgsga without in any way vitiating or discharging the Mortgagor' liability Mrs-
under orupon the debt hereby severed. No sale of the premises hereby mortgaged end no forbearance on the part of the MORTGAGEE or its successor
nx assigru and no extension of the time for tM payment of the debt hereby secured given by the MORTGAGEE or in successors or assigns, shall operate
ro release, discharge, modify change a affeil tM original liability of tM MORTGAGOR herein, either in whole or in gait.
10. It is specifically agreed that time is of the essence of this contrail and that no waiver of any obligator hereunder or of tM obligator se-
tvred hereby shall at any time thereafter be Mld ro be a waiver of the terms hereof a of tM instrument secured herby.
11. In addition to the foregoing monthly payments of print pal and interest required by the promissory nose secured hereby, mortgagor covenann
and agrees to pay to mortgagee with each monthly payment an addiianal sum estimated by mortgagee to be equal to 1/12 of the annual cost of tM fdk-w-
ing:
A-All real property taxes levied or assessed against the above described real estate.
Fi-Premiums on fire and windstorm insurance as herein required to be carried on the improvemenn situate on the above described premises.
C-Premiums on such mortgage gwrsnry insurance as mortgagee shalt 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 dw and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall 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 WHERE ,the said MORT GOR has hereunto set his hand and seal the day end year fiat oresai~
Sig a li esencs of: /
. Kean
lswan
STATE OF FLORIDA
SS.
COUNTY OF St _ _i -
man
~--n
Fiefore me personally appeared Arthur MOnkq., A S r; T ~ AdLt . -,, ersd
-hls~ffe, to me well known and, n f0• rats to be
tM indivlduak described in and who executed tM foregoirg instrument, and acknowledged before me that •fter• executed tM sart~ for -the ~ ps~rposes
J
rherekt expressed. Ani''--1Y1 he ' j~ ~ ~ - "- --
wtfs•ef •t~e-ea1~ ~~
. separate-and ~rert-from-fserseid-fwaband,~~ end-behre tires-IMF she• ~xaetMar ~aid~lsy~
taril~ ond-Mitheur orry~aanpoMiver, eahrrslnr, oppeehensian-a~wr ofer~ran~ter•~seid' fnsband. - ' ~`.al.'_,
Se tember
WITNESS my Mnd and official seal this ~~ ~ day of p ; ~K
Return To:
Fiat Federal Savings 6 loan Assoaation
Of fort Pierce.
Fort Pierce, Florida
This Instrument Prepared By Richard
First Federal Savings ~ Loan Association
of Fort Pierces Florida '
Notary Public in and fa the 5f
My Commission expires: ~, ,
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