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HomeMy WebLinkAbout2085 . ~ 3. To plx~ and contio~ously ka~p oe tM bujldinps now w F~~afta Wwt~ oe said I~nd and on ~11 squipment ~~d pKSa++lly cowred by thi~ mo~tp~ p~, with all pr~miums th~reon paid in fvll, fir~ ins~ranc~ in tM usw~ ~~+odud policy fam, in ~ sum app~ov~d by tM MORiGAGEE. ~nd windttorm insur~~ce tn tM vswl i~andard poticy iam, in a sum app~oved by tM MORTGAGEE, in s~ch comp~ny or compa~ies +s tM MORTGAGEE may d~rec>> and ~0 fi~e ar+d wind~twm intw~ncs policies on any of s~id build~np~. ~~y inte~~it therei~ or part Ihe~eof, in the a~gre9~te ~um afor~s~id ot In excess thereof, ihall contain the usual itandard mor~ga9s~ clsus~ a tuth olha tlsuss +s tF?~ Mwtp~gee may reqv~re. makinq ~he Iw~ un~ier said po1F cies. each ~~d every. p~Yable ro said MORTGAGEE as its interpl may appear, ~+d each and every s~ch pc+licy shall be {xomptly ais:pncd +nd deliv~rcd to any held by said MORiGAGEE as further securiry to s~id mortp~ge debt, and. ~of ku tMn te~ (10) days i~ advanc~ of the exp~ration of eath policy, 1o d~ livet to iaid MORTGAGEE a r~newal thereof, lopethtr with ~ r~ceipf fw the premium of such renewali and thare ~hall be no fire or windstam inwrant~ plated on ~ny of said buildirgs, ~ny interest therein ot p+rt thereof, unleu in tM form and with ths lou payabk as ~foresaid; ~nd in IM ewnt any Wm of money becomes p+yabl~ unda~ such policy a policits said MORTGAGEE ~hall Mvs ~he option to receive and ap~:ly the ssme on accwn~ of tM indsbted~ r+eu secured hereby w b permit said MORTGAGORS ro raceiv~ anti us~ it or a~y pa?t ~F+ereof fw o~her pu.poses, wi~hout Ihareb/ waiviaiy or ~mpair- irp ~ny pu;ty, lien a right under o~ by virtw of this mort~apa; ~~d k~ the ~vent uid MORTGAGORS shall fo? any reasa? fail ro keep the ssid p~emises w insurad, w fail W deliver promptly ~ny of said policies of i~sur~~c~ fo said MORTGAGEE, or fail promptly to pay fully ~ny premium therefw a in ~ny i respect fai) to pa(orn?, discharga, execvte, ~ffect, comp~ete, comply with and abids by this covenanl, w any part hereof, said MORTG~3EE may p~ac~ and ~ paY fa~ such inwrance or ~ny psH thereof without wsiviny w ~ff~ctinp ~ny optioe, Ikn. equity. w right ~nder a bY virtw ot this MortgaQe. ~nd the ~ full ~mount of each ~r?d every such payms~t sMll be immediately dw u+d psY~ble and shall bea~ intereat f~om the dats thcreof until paid at tM rat~ of nine pe~ centum per ann~m and togellxr with su~h inte?est iMll be secured by the lien o( Ihis mott~aga 1. To permit, commit o? suf(a no waste, in+p~ir.nent w dNariontion of said propaty o~ a~y p~rt thereef• S. To p~y all and singutu the cosb. ch~r~es +nd ~xPenses, includinp s reasonab~e anorney's fee snd costs of abitracti of titls. incuned o~ paid at ; any time by said MORTGAGEE, because or in the evenl of ths failure on the paA of tM said MORTGAGOR to duly, promplly and fully perform, diuharyR ' execute, effctt. comptete. corr.ply with ard abide by each and every ~he ~tipulations. agreeme~ta, conditioro. +nd covenants of said promissory nots u+d thii mortgage a~y w either. and u~d costs, cMryes snd expenses, each ~nd ~vcry. sh~tl be immedutcty dus u+d payable; whether o? not there be no~ice ds mand, attempt ro mtted or tvit pending; and tl+e full artavnt of each and every such payment tAall bear interesl from Ihe date thereof until p~id at the .ate of nine pe~ centum pe? annum; and all uid costs, thargq and expenses inarrred or paid, togelher with such interest, shall be set~red by tM lien of thil mwtpsye. 6. That (a) i~ the event of any breach of this Mortgsy~ w defa~lt on the paA of the MORTGAGOR, w(b) in the event any of said wms of money herein refo~red to be not promptly and fully paid within ttiirty (30) days next after the wme sevcrally become due snd payable, witFaut demand w ~otite. or i~ the event each and evcry the stipulatiaa, sgreemenri, cw~ditions s~+d crnre~snb af sa~d promissory note and th~s mortga~e a~y o~ e~the? ar~ nW iuly, promptly and fully performed, dlstl?~rged, executed. effected, tompkted, complied with and ebided by, tha+ in either or any such ~vsm tM ssid ~ gregate wm mentioned in sa~d promissory note then remainin9 unpaid, with intercst acuued, end all ma+eys secured he~eby, shall become dw and pay- nble forthwith, or thereafter, at the option oi said MORTGAGEE, ss fully snd campktely ai if stl of the said wms of money were aipin~lly sNpvlated to be paid on such day, anything in sai~i pramiuory oote or in this Mortyaye to the co~trsry ~otwithstsnding; and thereupon or fhereaher a1 tM opiwn of said MORTGAGEE, without notice w demand, wit at law or in equity, therefore or thereaf~e~ begun, may be {xosecuted u if ~II moneys sacurad hereby hzd mstured pnw to iri institution. 7. That in the event that at the begin~irp of or st ~ny tims pending sny wit upon this Mortgsge, or to foreclost it, w to refam it, w fo snforp paymeni of any claims hercunder, said MORTGAGEE shat~ apply to the Court having jurisdictio~ thereof fw the appo~ntment of ~ Receive~, such Court shall forthwith appoiM a receiver of said mwtg~ged property all and sinyular, inclvdmg all and sinyulu tF+~ ineane, p~ofits, issues and revenves from whatever source derived, each and every of wFiicl+, it txing expressly vnderstood, is hereby mortgaged as if-specifically set forth and described in tla 9?antiny and habcndum da~ses hereof, and svch Receiva shalt (wve all the broad and effective funct~ons and powen in anywise entruafed by ~ Court to a Receiver, and such appointmcnt shall be made by wch Caxt as an admitted equity and a matte~ of absolWe riyht to said MORTGAGEE, snd without reference to the _ ~ adequscy or inadequacy of the val~e of the property mortgaged o~ to ihe solvency w insolvency of said MORTGAGOR or the defendann, and tFut s~ch rrnts, profin, income, iuues and ~evenves thall be applied by sucA Receiver atcwding to the lien or equity of said MORTGAGEE and the practiu of such i GouA. . , 8. To duly, prompHy and fvlly pe~form, dixhsrge, exec~te, effect, complete, comply with a~?d abide by each and every tht stipulations, agreements, j cenditaris and covenants in said promiuwy note and this mortgage ut forth. 9. That in the event the owrxnhip of the mortgsyed premises, w any paH thereof, becomes vested in ~ person other than the MORTGAGOR, tln MORTGAGEE, its successors and auigns, may, without notice to the AM1ORTG.IOR, dNl with such sutcessor w sutcessor in iMCreit with roference to this mortgage and the debt hereby secured in the same manner as with Mo?tgsgw without in any way vitiatirg w dischargi~g the Mortgagors' liability herr unda or upon the debt hereby secured. No sala of the premixs herebv ~w?tgsged ~nd no fwbeararrce on the pan of ~he MORTGAGEE w ib wtceswrs or auigns and no eatension of the time tor the payment of the debt hereby secured given by the MORTGAS'iEf or its succeswrs w auipns, shall operate ro release, dixharge, modify change or affect the original liability of the MORTGAGOR hercin, either in whok w in part. 10. It is specifica~ly agreed that time is of the ess~nte of this tontract and that no waiver of any obligaYwn hereu~der or of the obtiQatio~ se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. . 11. In add~tion to the forego:ng monthly payments of princ:pal and intercst required by the promiswry note secured hereby, mortgagor covenants ' and sgrecs to pay !o mortgagee with each mw~thly psymem an addi~ionsl sum estimated by mortgsgee to be equal to 1/12 oE the annual tosi of the follow- j ing. A-All real property taxes kvied or as:essed against the above dexribed real estate. B-Premiums on fire and windstorm insurance as he~ein requ~red to be carried on the improvements situate o~ 1F~e above desuibed premises. C-Premiums on ;uch mortgage gwranty insurance as mortgsgee shall from t~me to time deem fit to carry on the loan secured hereby. Morlgagee shatl from time to time ratify mortgagor in writing of the amount due and payable hereunder and suth sum shall thereupon be due ant! ' payable on the due date of the next monthly paymeM and each successive month thereafter until mortgagee sFwll notify mortgsgw of s chsrge in wch amoum. Such sums sFalf be applied by mortgsgee toward ttx payment of real property taxes, i~surance prem:ums, and mortgage gwranty insurance i premiums. ' - k IN WITNE55 WHEREOF, the said MORIGAGOR has hereunto set his hand and sesl the da snd year first afor id. € . Seated and li in the pr~e of: , ~ FILED ANO RECOROE ` ~ ST. LUCtE COURlF~~pLA` 4 • c? = ~ot~ ~ ~ ~O n : 184 ~ i c, ~ 27 AM I I:~ n STATE OF FtORIDA '69 ~~T . St. Lucie ~ ~ ~ ~ cour~nr oF Before me persoeally appeared Har~yf! t~ ~ P~~ S ~ 1' 11 Vl . pd~~C his wife, to me wcll known and knawn to me fo be ' the individwls described in and who execvted the fweyoinp instrument, and acknowledped befort me that they e:ecuted the same for the purposes E ~he.~M exaeuea. a,a rhe u~d Lillian A. Parker _ W;f~ of the ,,;a Harry H. Parker , up«, ,,ep..~t• •nd pri~.» j examinaYan by me taken teparate snd spaA from Fror said husband, adu~owkdged to ~nd befwe me thst she execyted s~id instrument fteely and volw~- ~ earily and witFwut sny compuls'an, corotraint, appreheraio,,,n_, o~r f~~ of or from her wid husband. ~ WITNESS my hand and officia! seal thi+ g~~,h day of OCtOb@Z A. D. 19~ a ~ , otary Public in u+d fw the State of f{orida at Larp~ ~ - M~t Comrn;uion ~xpira: . Rewrn Ta ~~i~~iNNtl~tr~,~ i~ .;,.uC, f/AiE /f iLORIN AT IAfDf'iE ti, ~ ~ First Pedeal Savings a loan Association ~ ~+~"•~MIS~I7N EXPlRES $EPT. ?3, 1973 ~ - Of Fwt P~erce. ~ Vr'~ID~ ({IRII F~ ~ aE~~ 4 ~ i ' ~r I ~ Fott Pierce, Flwids . ~ = - • ; _ = ~ ' 1 ' This Instrument Prepared By John W. Col~ina r_. ~ . • < First Federal Savings b loan Association ~ • of Fort Pierce, Rlorida - ,~'''',,:i,lut~Na~~``, , Checfced By QOOJt PA6f r~~ , ~ ~ - ~ ~ - - 24 ~J. ^ `k . a .,,~rt "i-_ . [ ~ ~ . _ .