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HomeMy WebLinkAbout2600 ~. To place and continuously keep on tM buildings now or hereafte- sitwq on aid land and on all equipment and personally tovaed by thb rttortQ• ape, with all premiums thereon paid in fvlL fire insvranq in tM uswl standard policy form, b a sum approved by tM MORTGAGEE, and windstorm inswance in tM uswl standard policy fem. in a sum approved by tM MORTGAGEE. M each company a con+panies as tM MORTGAGEE may dkectt and all fin and windstorm inwrance policies on any of aid buiWingb any Interest therein or part theeof, in tM aggregate wm aforeuid a In excess thereof, sMll contain tM ,rswl standard mortgagee clause or such other davM as tM Mortgagee may rpv'ue, making tM loss under aid pol} ties, each and every,. payable to ukl MORTGAGEE as iq interest may appear. and each and every each policy sMll be promptly assigned and delivered ro any MId by said MORTGAGEE as further security ro said mortgage debt. and not less than ten (10) days in advance of tM expiratan of each polkyt ro de• liver ro aid MORTGAGEE a renewal thereof, together with a receipt fa tM premium of such renewal; and there sMll be no fire or windstorm insurance plapd on any of aid buildings, any interest thecae or part thereof, unku in tM form and with tM bas payable as aforeuid; and in tM event any sum of money beoorrres payable under such pdky or polities said MORTGAGEE shall Mw tM opYan ro receive and apply tM same on account of tM irdebted~ nets secwed hereby a b permit utd MORTGAGORS ro receive and uw it or any part thereof fa other purposes, without thaeb~ waivi~y a impair ing any pally. lien or right under a by virtw of this mortgaget and in tM event aid MORTGAGORS sMll for any reason fail ro keep tM aid premises so inwred or faU ro deliver promptly any of aid policies of insurance ro aid MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fail N perform, discharge, execute, effect, complete. comply with and abide by this covenant, a any part hereof, aid MORTGAGEE may place and pay fa wch irquranre a any part thereof without waiving or effacing arty option. lien, equity, or right under a by v'utw of this Mortgage, and tM full amount of each and every such payment shall be immediately dw and payable and sMll bear interest from tM date thereof until paid at tM raN of nine per oentum per srywm and together with such Interest shall be secured by tM lien of this mortgage. 1. To permit, aanmit a wffer no waste. Mnpairrttent a deterioration of aid property or any part tMreof. S. To pay all and singular tM cats, and exparaes. including • reasonable attamey's fee and costs of sbstwcts of title, incwred or paid at any limo by said MORTGAGEE, beause or to tM event of tM failuro on 1M part of tM aid MORTGAGOR to duly, promptly and fully perform, discharge; execute, effes, complete, comph with anti abide by each and every tM stipulatiorts, agreements, corditions and mvenants of aid promissory note and this mortgage any or either. and aid costs. titsrgh and experaes, each and every, shall be immediately due aid paysbb; whether or not there be ratite d- mend, attempt ro collect or wit ptndirgj and tM full amount of each apd every such payment sMll bear interest from 1M date thereof until Wd d tM rate of nine per centum per annum; and dl aid costs, charges and experaas inwrred or paid, together with such interest, shall be secured by tM lien of this morgpw tT. lhat (a) in tM event of any breach of this Mortgage or default on the pan of tM MORTGAGOR, or (b) in tM event any of said sums of money herein referred to be rat promptly and fully paid within thirty (30) days next after tM same severally become dw and payable, without demand or notice, or (c) to tM event each and every tM stipulations, agreements, conditions and covenants of said promissory note and this mortgage arty or either are nol duly, promptly and fully perfomred, discharged, executed, effected. completed. canplied with and abided tiy, then in either or any such went tM aid ag~ gregatt sum mentioned in said promissory note then remaining unpaid, with interest aca;red, and all moneys secured hereby, sMll becorne dw and pay able forthwith, or theeafter, at tM optan of aid MORTGAGEE, as fully ar-d 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 option of said MORTGAGEE, without notice or demand, wit at law or in equity, therefore or thereafter begun, may be prosecuted ss if all moneys satvrsd hereby had matured prior to its institution. 7. That in tM event that at tM beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or ro reform it, or to enforp payment of any tiaims hereunder, aid MORTGAGEE shall apply to tM Court Mving jurisdiction thereof fa tM appointment of • Receiver, such Court sMll forthwith appoint a receiver of said mortgage) property all and singular, includ~n9 all and singular tM intorne, profits, bsues and revenues from whatever source derived, each and every of which, it being expreuly understood, b hereby mortgaged as if specifically set forth and described b tM granting and haberxkrm clauses hereof, and such Receiver sMll Mw all tM broad and effective functions and power in anywise entrusted by a Court to • 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 reference ro tM adequsgr or inadequacy of tM valve of tM property mortgaged or to tM sohrcncy or insolvency of said MORTGAGOR or tM defendants, and that such rents, profits, income, issues and revenues sMll be applied by such Receiver according to tM lien or pviry of aid MORTGAGEE and tM pretties of such Court. ~' 8. To duly, promptly and fully perform, d'ncMrge, execute, effect, complete, comply with and abide by each and every fM stipulations, agreements, conditans and covenants in said promissory note and this mortgage set forth. 9. TMt in tM event tM ownership of tM mortgaged premises, or any part thereof, beconrres vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its wccessors and assigns, may. without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and tM debt hereby secured in tM same roamer as with Mortgagor without in any way vitiating or ditchargirg tM Mortgagors' liability Mra under or upon the debt hereby secured. No oak of tM premises Mreby mortgaged and no forbearance on 1M part of tM MORTGAGEE or its successore or assigns and no extension of tM time for tM payment of tM debt Mreby secured given by tM MORTGAGEE or its succeuors or auigra, sMlt operate to release, discharge, modify charge or' affect tM original liability of tM MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time b of ~tM essence of this contras and that no waive- of any obligatan hereunder or of tM obligat'an se- cured hereby sMll at any time thereafter be held to be a waiver of tM terms here-f or of tM imtnrment secured herby. I1. In addition to the foregoing monthly payments of prinr:pa! end interest required by 1M promissory note secured hereby, mortgagor covenants 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 follow- ing: A-All real property taxes levied or assessed agairat the above described real estate. B-Premiums on fire and windstorm inwrance as Mrein required to be carried on the improvements situate on tM above described premises. C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to limb deem fit to carry on tM ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of 1M amount due anti payable Mreunder 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 sMll 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 guaranty insurance premiums. IN WITNESS WHEREOF, 1M said MORTGAGOR has hereunto sat his hand and seal 1M day and year first sforeuid. Signed, Sealed and delivered fn the prrasence of: ~, e . ~~ c~--n ,. ~ (~--~ ~~ STATE OF FLORIDA ST • I,iJC IE ~" COUNTY OF , G. B. Walters ~ at,d ~~ ms ~~I~A~ieCe Walt@r5 his wife, to me well krawn and known to. 'me to be tM individwb described in and who executed tM for instrument, and adcnowkdged before me that they exewtel tM sacra. for tM purposes therein expressed. And tM sa' lllece Wlslters <°~_;~^`:`-.,:. ,.' - ', ' wife of tM said G. B. WalteZS ~, - ~,' ;~ ~ '~~ pr}y!q examination by me taken separate and apart from her aid husband, adutwwledged ro and before me that sM executed; ~ ' itdel~.~nd:-fQD~utt~ tardy and without any oompulian, constraint, apprehension, fear of or from her aid Iwsband - ".' ' "~ U . ~~ `~~ WRNE55 my Mnd and official seal this ~a T~ day of $@ tember ; , _ "1~' ;; '4 ~ ~ ~~ _~~ ~ 1.~1'(r ~ ~ _ Norary Public in and for fM ~ -7~a~}4" '~= f My Commission expires: /~ Y ±~;.. ; ; ; ~ • ~, - _' T r 4 ~' ~' First federal Savings a Loan AssoaaYan Of. Fort Pierce. FILED AND REC6RDE0 _ ..;`~~_:,'",~~``'-~ •:. _`~=~~ Fort Pierre, Fbrids ST, LUCIE COUNTY, FLA. RECO~tD Vt:RIFtEO 183002 This Instrument Prepared By J. ~. Chastain X69 SEP I S AN 10 : I q First Federal Savings b Loan Association • of Fort Pierces Florida Checked By ~ fiOGEr~ i'OITP,~S CLERK CIRCUIT CAURT~ ~ BOOK 1 / 9 PACE2598 ~ w _ _ ~ - ~ ~ _.