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HomeMy WebLinkAbout2838~ ; .; z .; ~. To play and conlMtua+dY keep on 1M buildups now a hareahat situa» on said land and on all puipmertt and personally towered by thk mortg- agw wiM all premiwns thereon paid in full, fin hswana it tM uswl standard polity form, In a sum approved by tM MORTGAGEE, and wirdstorm uaurana fr tM wort standard policy form, M • sum approved by IM MORTGAGEE, in ouch comPa^Y or tompania a tM MORTGAGEE may dirad: and aN fIn and windstorm kawartoa policies on arY of said butldirps, any interest therein a part thereof, in tM aggregate wm aforesaid at M exact Menof, shall contain tM uwal standard morpaoee louse or sud- otMr douse a the Mortgagee may regain. tt-aking tM loss under said polF ties, lath and every. payable b safd MORTGAGEE as its interest may appear, and tech and every such policy sMll be promptly assigned and deliwrad ro any held by said MORTGAGEE a further secvrlty ro said mortgage debt, and, not less than ten (1~ days in advartct of tM txpuatior of each policy, M de• liver ro said MORTGAGEE a renewal thereof, togetMr wiM a nuipt for tM premium of each renewal) and there shall be no foe or windstorm tnsurance plated an any of veld buildups. any interest Merin a part thereof, trrtless in IM form and with tM loss payable a aforewid: and h tM event any aver ~ ngnfy bacorrtes payabb order such polky or pdides said MORTGAGEE shall Mw rM option ro receive and apply tM ame on account of tM itdtbted• ness secured hereby o- b permit saW MORTGAGORS ro receive and we N or any part thereof for other purposes, without thxeb/ waivi~y or impair- ing any equity, lien or right under or by vktue of this mortgage and M the curet said MORTGAGORS shall fa any mason fall b kelp 1M said premises so insured, or fall to deliver promptly any of said policies of irawanoe ro said MORTGAGEE, a fail promptly ro pay fully any premium therefor or h any raped fail b perfomt, disdwge, txecvte, effect, complete. comply with and abide by this covtrtant, or any part hereof. said MORTGAGEE may place and P+Y for each Mwranoe a any part thereof without waiving or affecting any option. lien. puny. a right under or by virtw of this Mortgage. and tM full amount of each and every attctt payment sMll be immadle»ly dw and payable and sMll beer interest from tM da» Menot until paid at tM ra» of nine per certturrt pet anrwm and togetMr with such in»rat sMll be seturtd by 1M lien of this mortgage. 1. To permit, corrtrrtll err suffer rto watt. Yrpairrrtent or deterioration of said property or any part iMreof. S. To pay all and singular tM costs, charge and ettperaes. including a reasonable atto.rtey's fee end costs of abstracts of title, incurced or paid at any time by said MORTGAGEE, because a in the event of tM failure on tM part of tM said MORTGAGOR ro duly. promptly and fully perform, discMrgs~ oxacu». effect. complete. comply with and abide by tech and every tM stipuletiora, agreements, conditions, and tovsrtants of said promissory note and the mortgage any or either, and said cosh. cMrga and expersts, tech and lorry, sMll bt immediately dw and payable; whether a not there be notice dr mood, attempt ro collect or wit ptndirp; and tM foil amount of each and-every such payment sMlt bear interost from IM date tMreof until paW at tM rate of nine per centurrt per annwn; end all said awls. charges and txpensts incurred or paid, together with wch interest, shall be severed by tM lien of Ma mortgage. . (i. That (a) in tM event of arty breach of this Morpage or default on tM part of tM MORTGAGOR, or (b) in tM event any of said same of money herein referred ro be not promptly and fully paid within thirty Cd0) days next after tM same severalty become due and payable, without demand or notice. or W in tM event each and every tM stipuletiors„ agreennentts, conditions and cownarts of said promissory rate and this mortgage any or either an nor iuN. promptly end fully performed. dacMrged, txecuttd, eifnected, eompltted, complied with and abided by, tMn in either or any such twnt tM said ag• grntga» sum mentioned in said promissory note then remainirp unpaid. with interest accrued, and ail moneys secured hereby, shall becwrne dw and pay able forthwith, or thereafter, at tM option of said MORTGAGEE, a fully and completely as if all of tM said wms of money were originally stipuleted to be paid on such day, anything in said promissory note or in this Mortgage ro tM cor-trary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, without ratite or demand, wit at law or in puny, therefore or thereafter begun, may be prosecuted a if all moneys secured hereby had matured prior to its institution. 7. That in tM event that at tM beginning of or at srry time pertdirp any wit apon this Mortgage, or ro foreclose it, a ro reform H, a to enforce payment of any claims hereunder, said MORTGAGEE sMll apply ro tM Court Mving jurisdid'an thereof for tM appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property alt and singular, includmg all and singuar 1M income, profits, issues and revenues from whatwer source derived, each and every of which, it beep expressly understood, is hereby mortgaged a if specifically set forth and described in tM grantup and haberdum douses hereof, and such Receiver shall haw all tM broad std effective functions and powers in anywise entrusted by a Conn ro a Receiver, and such appointment shall be made by such Court as an admitted pvity and a matter of absolute right ro said MORTGAGEE, and without reference ro tM adequacy or inadequacy of tM value of tM property mortgaged or to tM sonrency or insolvency of said MORTGAGOR or tM defendants, and that such rents, profits, income, issues and revenues shall bt applied by such Receiver according to tM I'ren or puny of said MORTGAGEE and tM pradiq of such Court. 8. To duly. promptly end fully perform, discharge, execute, effect, complete, comply wiM and abide by rich and every tM stipulations, agreements. conditions and covenants in said promissory note end this nartgage set forth. 9. That in tM event tM ownership of tM mortgaged premises. or any part thereof, becomes vested in a person other than tM MORTGAGOR, iM MORTGAGEE, its successor and auigns, may, without notice to tM MORTGAOR, deal with such successor or wtxessor in interest with reference ro Mis mortgage and the debt hereby secured in 1M same manner a with Mortgagor without in any way vitiating or disthargir-g tM Mortgagor' liability Mre• under or upon the debt hereby secured No sale of tM premises Mrtby mortgaged and no forbearance or /M part of tM MORTGAGEE or its successors w suigra and ra extMSion of tM tuns for tM payment of tM debt hereby secured given by tM MORTGAGEE or its successor or assiges„ sltsll operde to release, discharge, modify dwngs or affect tM original liability of tM MORTGAGOR herein, either in whole or in part. 10. It is spetif'rwlly agreed that tine b of tM essence of this conirad and that no waiver of any obligation hereunder or of tM obligation se- cured hereby shall at any time thereafter be Mid ro be a waiver of tM terra hereof a of tM instrument secured herby. 11. In addition to tM foregoing monthly payments of print pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additanal sum estimated by mortgagee to be goal to 1/12 of the annual cost of tM foiaw- irg: A-All real property taxes levied or assessed agairat the above described real estate. 8-Premiums on fire and windstorm inwrance as herein regyired to be carried an 1M improvements situate on the above dcsvibed premises. C-Premiums nx- such mortgage gwranty insurnce as mortgagee shall from time to time deem fit to carry on 1M loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be dw and payable on tM dw date of the next monMly payment and each successive month thereafter until mortgagee shall ratify mortgagor of a dunge in such amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage gwranty irtwrantce preninrms. . IN WITNESS WHEREOF, tM said MORTGAGOR has hereunto set his hand and seal tM day end year fast a orn:said. Sealed a li red in tM prssenu of: -~/ l~ n . n rs..n . STATE OF FLORIDA COUNTY OF ST • WCIB SS. Claude H. Combs and Before ms persgn+ fY~PP~artda O 8 fus wife, to me well known and known to me to be the irtdividwb described in Sande who exeartnd tM foregoing instrurrtenf, and acknowledged before me that they executed tM same for tM purposes therein expressed And tM said Louise LaCOmbs wife of tM sad Claude H. Combs examinatan by me taken separate and. apart from Mr said husband, adutowledged ro and before me that sM exerted testily and without arty eompubion, constraint, apprehension, i fear of or from fret said husband. wriNESS my Mnd and official seal chi day of September - upon , sepera» and priva» instrument freely and vohrn- A. D. t9 69 Notary Public in and for the State of Florida at large My Commissar expires: Return To: ,`~~:.. ;t- ..:_:... First Federal Savings a loan Assrxiation :`' '• ~ ^ '', . ,• . , ~~ Of Fnxt Pierce. ~' Fort Pierce, Florida ~^~ •-~ ~:: C'' i '~ ? - - -: ._' ~- - .: - i- ~- - This Instrument Prepared By J • ~ • C~it~t off? -' -~ • First Federal Savings b loan Association -,li~'•'~ • ~" - of Fort Pierces Florida '~:,~~ :~•_ ~ ~ . •.,,~ :.. Checked By 600K ~79 PAGE~BJV ~ `, :. - a Notary PttbGc, State of F{orida at flatgs M1l CoOfttissiott Expires Sept. 23, 1964 aooMr h Aanritse lie a CsseaMr G. ~tLED AND RECORDED ST, LUCIE COUNTY, FLA. i?i:CO~rJ VERfFtCO 1831'76 '69 SEP 18 AM 10:30 _~•~ Fro 3c.~ ~~ofT~as ~, CLERK C{RCUIT COURT { ~ ~~' --- ~y t