Loading...
HomeMy WebLinkAbout1656 ~ . , . , 9. To plau and continvwsly ke~p on th~ buildirgs now or M+e+hK 4tuatt on said ~+nd +ad o+~ ~II p~ipm~et ~nd p~nonalty covKed by this mort~ wiM dl pnmiums thKeon p+id fn full, firo ir?i~~~nu in tM uiwl standud paticy fwm. in a cum approvtd by the MORiGAGEE. and wii+dttwm ieswu?ce in the uswl standa~d pol~cy fam, in a wm +pprowd by tM MORTWIGEE, io wch companY w comP+~ies ~s 1Fw MORTGAGEE enay diroctt u+d ~0 f1r~ ~nd w'u~kttorm ioswa~o~ pdki~s on any of said buildt~+ps„ any Intens~ ti+usM or psrt therwf, in tM appreyat~ awn ~iaessid a i~i ~xc*ss thsrwf, sh+ll contain th~ vswl sundud mortya~e ciws~ w ~uch o~ha claus~ u tM Matya~ may reqv'u~, mak'ug tl?~ loss u~xkr ~aid po~4 ci~s. tach and ~very. paYabla to i+id MORTGAGEE u in tntK~st may ~ppw. and e+c6 and ~w+Y sud~ Pelicy sMll b~ promptiy su:~n~d +nd delivertd to ~ny Mid by s+id MORIGAGEE as iur~hK security to ~aid mort~+~ d~bt, and. not I~as tMn ten (101 daYS 1n ~dv+nc~ oi 1M expiratioo of each policy, to- d~- IivM to saW MORTGAGEE o renewal the?~of, top~tM~ with a racapt fa the premivm of wch ~enew~l; ~nd ttwr~ slwll b~ no fit~ w winditwm inwr~nc~ plapd on any of said buiidinps. any ir.ter~sf thK~in w put tF~sof, unleu in tM form and with tln bss payable as efassaidl a~d in 1Fw ~vtM a~y tum ~~~y ~r~ p~Yabl~ w+J~~ wch polky or policiss said MORTGAGEE :hall haw tM optiw~ ro ~ea+~re and apply ~he sam~ on +ccamt of tM iod~b~ed~ ' nsu secvnd Mnby a ro permit said MWtTGAGORS ro naiw and vs~ it or any part tl+ereof fw orhe~ pu~Fwes, wi~houf thrreb~ waivi~ip a impa7r- - inp ~ny p~?iry, lie~ o~ rght w~der or by v'vtw of this mortp+~ej ~nd In tM ~vem ss;d MORTGAGORS shall fo~ u~y ~tasoe fail to keep tM s+id pnmises so ir+wred. o? f~il b d~livtr promptly uiy af s~id policies of inwr~np fo said MORTGAGEE, a fail prompfly ro pay tully any premium thar~fw a in any r~speet fail w puform, d~schuye. ~xecute, ~ff~ct, compfete, camply with ~nd seid~ by Mds cova~?snt, w~ny p+N htrwf, said MORTGAGEE ~+uy p1+o~ and pay fw wch irouranc~ or any psrt tl»rwf without waivi~p or ~fftctinp any option, litn, poity, w ri9ht under w by vi.tw of thi~ Mwt~ag~. ~nd tht fvll smouat of ~ach ~nd ewry such paym~nt shall M immdi~tely d~e and Wy+bl~ ~~d shall bear interest from tM dat~ the~eof u~til p~id at tM rat~ of nine p~? cant~m pet amum snd toyefher with ~uch interat ihatl be secvred by th~ li~n of this mw~papa 1. To ptrmit, wmmit or wffa? no w~st~. imp+i.ment or d~terioration of wld prope.ty or ~ny put therwf. S. To pay all ~nd sinpvla the msb, d~arp~s ~nd ~zP~ae+. includirg a~easawbl~ att~orney's fee and eosts of abstr+cts of t~Ne. incvn~d a paid ~t any time by ssid MORTGAGfE, beca~s a in the ~vant ef tM fsilu~e on tM put of ths ssid MORTGAGOR 1o duhr. promptly ~~d fuily ps~fwm, d"acMro~ execut~. effecl. oompk?~, complY ~vith snd ~b+d~ by ead? and every ths stipul~tions, agreemenn, cond~tions. •nd oovenann of sad prom~sso.y nor• and thi~ mortqaye ~ny o? either. and sa~d costs, chuy~s and expenws, exh and ~very, shall b~ immediately due u~d payablr, whether w rat tAer~ b~ ratiu dr msnd, ~tampt to colkct o: wit pendirg: +nd tM full aravot of e~cA and every avcl~ payment ah~ll bear intercst from tl+s date tFweof u~til paid at tM rate of nies pe~ untum per sn~wm; u~d atl said cosn. ch+rpes and expenses incwred w paid. togNher w~th wch ime~est, shatl b~ suured by tM li~n of Nw morq+~. . 6. 7Mt (a) in the event of any breach of this Mortyap~ or default on the part of the MORTGAGOR, w(b) in the went any of said swas of moetr herein referred to b~ rat promptly ~nd fvlly psid within thirty C30) days next sfter tfie same seve*allr become due and payabt~. wi~houl dem~nd w notic~. or (~J in the event eack and every the stipulatioru„ sg~~nts, conditions ~nd covenanb of sa~d promissory note and thcs mort~e ~ny o~ ~itM? an aw iuty. promptly snd fuly pe?famad, d~scharged, execvted, effeded. compl~ted, complied with u~d aDided by. thei+ (n either w aeryr s~rch ~wnt th~ s+id ap~ gre9at~ wm me~tansd in said promiuwy note thea remaininp unpaid, with interest accrued, and all mor?sys sea?red har~by, sMll becomt dw and p~y- abk forthwith, Of tI1lfNNN~ at the optan of said MORTGAGEE, ~s fvlly and canpkrely ~s if all of the said wms oi morry were oripieully stip~lated to be paid on such day, anything in said p~aniuory ~wts w i~ this AAonysye to ths contrary notwithstsnding; and ~here~rpon or thereafter at tl+~ optioo of uid MORTGAGEE, wirhout notice w dsmand, wit at I~w w in eq~rity, therefore w tlKresfra begun, m~y be prosee~ted as if all ma~eys sscwed Mreby had m+t~~ed Fnw to its insNt~tan. 7. Thst in the event that at tM bc9inn~np af o? at any Yane pendirg +ny wit upon this MortQege, w to fweclw~ H, or to mform it, w to ~nfaa payment of uiy ds'uns hereunder, s~id MORTGAGEE sMll spply to the Carrt !?ivirg jwisdiaion thereof for the appo~ntment of a Receiver. such Court slu:l fwthwith appoint s receiver of said mo~tpa~ed p~ope?ty all ~nd sinpvlar, inc(vd~ng all a~+d ix?gulsr tM inc«ne. profita, iuues and nvenws from wMt~vK source derivtd. eatfi and every of wFirch, it beinp txpreuly unda~stood, is hereby mortgaged u if spetifitalty set fath ~nd described in the ~rantiny and habendum clauses hereof, and such Receiver shall Mve ~II the broad and efiectiw fvnctions and powers in aoywise entrusted by a Court to • Receiwr. ~nd such sppointment shall be made by such Co~~t as ~n adnutted eqvity and a m~tter of abso~ute riQht to said MORTGAGEE, and without reference ro tM edequacy a insdequacy oi the value of the prope*ty rr~ortga9ed o? te the sulvencl? o? inso~ve^cY af said MORiGAGOR or the deferidann, u~d that such renn, profin. income. issues and revenues shall be spFlied by such Receiver accordinp to the lien or puity of said MORTGACsEE and the practice of wd~ Co~rt. 8. To du1y. promptly and (v8y perform, d'~g~, execute, effect, compkts. complY with ~nd ~bid~ by e~ch and evary the stipulatio~s sgreemants, conditioro and covenana in wid promiuory note and this mortga9e aet forth. 9. 7Mt in the event the ownenhip of the mortgs~ed premises, w any part thereof, betomes vested in a penon other th~n the MORTGAGOR, th~ MORTGAGEE, ib successors uid suiQns, msy, without notice to the NIORTGAOR, deal with :uch wcceuor or uxcessor io interest with refe?ence ro this mortg~ge and the debt hereby secured in the ssme msnner +s with Mortgaga w~fFaut in any way vi?iatiny or dixhu~ing the Ma-tysgon' liabiliry I+~n- ~ ur,der or ~pon tAe debt hereby secured. No sak of the prem7ses Ixreby mortgaged and ~o forbeannce oe~ the pan of ths MORTGAGEE w lri wocesson or auigm snd no -atension of the tune fa the payment of ths debt hereby secured 9iven by Ihe MORTGAC-Ef or its sucoessors or ~ssig~s, sf~ll optrst~ ro release, dlscharpe, modiiy change or ~ffect the original liability of the MORTGAGOR herein, either in wFak w in part. 10. It is spec~ficslly agreed that time is of the essence of this co~bsct a~d that no wsiver of sny obl'~gaYron hereunde? a of ths oblipatio~ se- cured hereby shall at any tirn~ there+fter bs held ro be a waiver of the terms hereof or of the instrument secured herby. 11. In add'Aion to the forego:ng monthlY paYmenri of print:pal and interest required by the promiuory note setured hereby, mortgsgor covsnants and agrees to pay to mortgagec with each monthly payment an addiYronal sum estimated by mortgagee to be eq~al to 1/12 of the amual cost ot the folbw- ing: A-All real property taxes levied or assessed agair~st the above desuibed reat estste. B-Prem~ums on fire and windstorm iruvrance as herein requ~red to be wrried on the improvertKnfs situate on the above desaibed premises. C-pran;ums en such mortgage guaranty insurance as mortgagee shsl) from time ~o time deen? fit to carry on the loan sec~red hereby. V Mwtgagee shall from time to time notify mortgsgor in writing oi the amovnt due and payabk hr.evnder and such sum shall tFmreupon be d~e ~nd ~ paysble on the due date of the next monthly payment and each successive month then~f~er uptil mortgsgee shall nwify mortgagor of a d~rge in s~rch ~ amount. Such sums sF.atl be applied by mwtgagee towud ihe payment of real property taxes, inwranoe premiums, and mortyspe gwranry insw~nce premiums. IN WIINESS WHEREOF, the ~d MORTGAGOR hss hereunto stt his hand and seal the day ~rd ycar fint ~foresaid. , se~ •~a r~a ~ n+e wa«+~ of- FIIED AND RECOR~ED ~ Si. ~UCIE COUNTY, FLA. n ~ =.c~r•^ ~rc~~r=ED ~ 184533 ° '69 OrT 2I ~I II: I I STATE OF FLORIDA ~ ~ ~G _ courm oF St . LuciQ / eef«e m. pena~aUy,ppe..ed Jaaes 1~1=-~'}i~;av ~"~le A~ul! f~ ~II~M~ t0 m! wlll knOwel i~td ~[nOwll 10 IM4 f0 b! the individwb described in and who executed ths forepoirp instrument, and scluawkdped before m~ th+t ~FwT ez~cuted ths ssme for tM purpose~ therein expressed. ~1Mi ~F~t ~~iJ ~!@ - , w~~fe~al~ii ~p~ e~~at~.and.par~» v,~iwMiew.byrwe.~t~la~w. ~qasMFawi+~.f~~~tiir .~andli~f~ ar.ih~L~ ~en~d iai~ioWrraeoifwl~{+od.~h+or _~~rw~.,~~r~,...~,,~.~.~.p.w~,.~w~+~.~~~. ~..~.o~~.~.~~~ W.a. October 69 WITNESS my hand and off'Kial seal thii_~(L~ daY of A. C. 19 ~ . Nobry Publit in and~f~r- tla Sut~ of Ffor3da af Larp~ ~ My Comoissio~'WCpire~s" _ Rnt Fedenl S+virgs a~oan As.«iaran ~ NOTaR( .~ARIDA AT LARLE Fede MY C~ S~0 ~~~5~ 1973 Of Fort P~erce. - [iNl~ ~ Fott Pierce. Florids . • ~ ~ ~ , ~ • ~ . ~ ; ~ . • ~ • C_ ~':-i;: . ~ ~ ~r . , ' : ~J : , . : This Instrument Prepared By R~Cht?~cd K. KayQS _ ~ _ ~ ~i.~ First Federal Savings b loan Association Q~' - ~ ' ~ • of Fort Pierte~ Flosida ~ : ~ . Chedced By ~ - . gooK~.go P~~.~s~ - ~ _ _ , ~~"'"~-~-~v~ ~,~r-~~ _ . _ . ~ - ' u