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HomeMy WebLinkAbout2594l~ ~ ~ ~ ~ , 9. To play and contirx-ously keep on tM bu8ditgs now or Mreafter situate an said landJnd on all equipment and personally covered by this matg~ age, with all premiums thereon paid in full, fin insurance in tM uswl standard policy form, in a sum approved Oy tM MORTGAGEE. and windstorm irssttranp m tM uswl standard policy fam, in • sum approved by tM MORTGAGEE, 1n such company a companies as tlse MORTGAGEE may dkedt and all fire and windsrorm inswarsp aolicies or- any of said bvildir-gs, any interest therein or part thereof, in tM aggregate wm afaeaid a M excess IMreof, atoll contain tM uswl standard mortgagee clause a suds other davse as tM Mortgagee may squire. making tM loss under said po1F cies, each and every, payable ro said MORTGAGEE as ib interest may appear, and each and every such policy shall be promptly assigned and delivered to any told by said MORTGAGEE as further security to said mortgage debt. aril, not less than ten (10) days in advance of tM expiration of each policy, ro dr liver ro aid MORTGAGEE a rersewal tMreof, togetMr with a receipt for tM premium of such renewal; and there shall be no fire or windstorm insurance placed on any of aid buildings, any interest thasin ar part thereof, unless In tM form and with 1M lou payable as atoreaWt ar+d to tM event any turn of mosey becomes payable under sud+ pdiey a policws aid MORTGAGEE shall Mw tM option ro receive and apply tM same on account of tM udebted• mess sstwed hereby a ro permit aid MORTGAGORS ro nceiw and ua it a any part thereof fw other purposes, without thereby waiving or impair- ing any equity, lien or right under or by virtw of this mortgage; and in tM event aid MORTGAGORS sMll for any reason fail to keep tM aid premises so inwred, a foil ro deliver promptly any of aid policies of uavranp ro aid MORTGAGEE, a fail promptly ro pay fully any premium therefor a in any rasped fail b perform, discharge, execute, effect, complete, comply with and abide by thls oovenanb a any part hereof, aid MORTGAGEE may plop and pay for such iravrarsp a any parr thereof without waiving or affedirg any option, Ikn, equity, or right under or by virtw of this Mortgage, and tM full aasowst of each and every such payment atoll be immediately dw and payable and shall bear interest from tM date thereof until paid at tM rate of nine per centum pa amum and together with such interest sMll be secured by tM lien of this mortgage. ~. To permit, commit or wffer no waste, Impairment a deteiaration of aid property a arsy part thereof. S. To pay all and sirgular tM oosts, dsarges and expenses, includirsg a reasoMbk attorney i fee and costs of abstracts of title, incurred a paid at any Yens by aid MORTGAGEE, because a in tM event of tM failwe on tM part of tM aid MORTGAGOR ro duty, promptly and fully perform, discharger execute, effect, oompkte, comply with and abide by each and every tM stipulations, agreements, corsditiorss, and covenants of aid promissory note and this mortgage any or either, and said costs. dsarges and expanse, each and every. shall be immediately due and payable; wMther a not there be notice de• mend, attempt to Dolled or wit periling; and tM full amount of each and every such payment sMll bear interest from tM date thereof until paid at tM rate of nine per centum per annum; and all aid costs, charges and expenses inverted a paid, together with such interest, shall be secured by 1M lien of this ~aDe- 6. Tftat (e) in 1M event of arty breach of this Mortgage or default on the part of tM MORTGAGOR, or (b) in tM event arty of aid sums of money herein referred to be not promptly end fully paid within thirty (30) days next afte- tM same severally become due and payable, withart demand a noYrp, or W to tM event each and every tM stipuktiom, agreements, conditions and covenann of aid promissory note and this mortgage any a either an not ~vly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event tM aid ag~ gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay able forthwith, w thereafter, at tM option of aid MORTGAGEE, as fully and completely as if all of tM aid wms of money were originally stipulated to be paid on such day, anything in aid promissory note or in this Mortgage to 1M contrary notwithstanding; end thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, wit at law w in equity, therefore or thereafter begun, may be prosecuted as if all nsoneys secured Isereby had matured prior to in institution. 7. That in 1M event that at tM beginning of or at any time pending any wit upon this Mortgage, a ro foreclose it, or to sform it, or to enforp payment of any claims hereunder, aid MORTGAGEE sMll apply to tM Court Mving jwisdictiors thereof for tM appointment of • Receiver, such Court sMll forthwith appoint s receiver of aid mortgaged property all and singukr, includ~rg all and singular tM income, profits, issues and revenues from whatever sourp derived, cads and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in tM granting and habendum clauses hereof, and such Repiver shall Mw all tM broad and effective functions and power 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 to aid MORTGAGEE, and without refererxe to tM adequagr or inadequacy of tM valve of tM property mortgaged or to 1M solvency a insolvency of aid MORTGAGOR a tM defendants, and that such rents, profits, income, iuws and revenues sMU be applied by such Receiver according to tM lien or aquiry of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end every tM stipulations, agreements, condit'aro and covenants in said promissory note and this mortgage set forth. 9. TMt in tM event tM owrsenhip of tM mortgaged premises, or any part thereof, becomes vested in a person other tMn tM MORTGAGOR, tM MORTGAGEE, ks successors and assigns, may, without notice to the MORTGAOR, deal with ruck suaessor a successor in interest with referenp to this mortgage and tM debt Mreby secured in tM some manner as with Mortgagor without in any way vitiating or dischargirg tM Mortgagors' liability fsere• under a upon the debt hereby secured. No ale of tM premises hereby mortgaged and no forbearance on tM part of tM MORTGAGEE or its successor or assgns and no extension of tM time for 1M payment of tM debt hereby secured given by the MORTGAGEE a its sucpssors or assigns, shall operate to release, discharge, modify change or affect tM original liability of tM 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 obligation hereurder a of tM obligation se- cured hereby shall at any tune thereafter be MW to be a waiver of 1M terms hereof or of tM instrument secured herby. 11. In additio:r to tM foregoing monthly payments of principal and interest required by the promissory note secured hereby, mortgagor coveMnts and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of tM follow- ings A-AIL real property taxes levied or assessed against the above described real estate. Fl-Premiums on fire and windstorm insurance as Mrein required to be carried on the improvements situate on the above described prcnines. C-Premiums on such mortgage guaranty inswance 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 tM amount due and payable fereunder 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 charge in such amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage gwranty insurance premiums. IN WITNESS WH ,the MOR GAGOR has hereunto at his hand and seal tM day and year first aforesaid. Sealed eserstaof: ~ (3++0 r- • ~~~. ,,, D STATE OF fT.ORIDA couNtY of ST a U1C IE flefore me personally appeared Besse Titte _~ , August Tittel ~ ='.~r'~~:.~1~ vi ~<:~- i A •._ Yfc„ -'=tit ~?'J' n , the indiv'dwis described in and who executed tM foregoirg instrument, and adrnowfedged therein expressed. And tM aid Bessie Tittel _ his wife, to me well before me that they exec wife of tM aid August Tittel '; exsmiMYron by me taken separate and apart from Mr aid husband, adusowkdged ro and before me that sM executed said tarily and without any compulsion, constraint, appreM~'~~ear of w from her aid husband. WITNESS my Mrd and official seal this !~- day ofd, ~jlP~~ = Return To: Fiat Federal Savings J4 loan Association Of Fort Pierce. Fort PIlMp, Florida This Instrument Prepared By J. D. Chastain First Federal Savings b Loan Association • of~+F~ort Pierces i:lozida Checked By U, rtiatt•fre!h ~nd~vo"lrrn- A.~n. a9 69 Notary fKi6lic in end for tM State of Florida at large My Commission expires: .v7s::lY F~?LID.'S7iiE OF FLORIDA AT LARGE irtY C(iiriirilSSIOIV EXPIRES NJY.l9e 1912 •DNDiD TIIIrDYeN ~~D,A reeT.6MORir ST, IUCIME C UNTY,F LA, t?~ CO°(~ vERIFIE '69 SEP 1 S m~ 1~ 99~• ~ 4 r:O~~R -'OtTRgS CLERK CIRCUIT COURT { BooK 179 ~~~2592 ~ ~~,, --- -- .