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HomeMy WebLinkAbout2788 . t. ' ~ ~ i 3. To plscr ~nd continuoualy ke~p a+ th~ buildinp~ oow o~ Mre+ftK sitwt~ on said land and a? ~II equipir.~nt ~ru! p~rwnally covered by thh malg ~ +g~, with dl promiums thereon paid in fvl4 f:re iruurance in ~h~ utwl sta~dsrd policy fwm. in a tum approvtd by IM MORiGAGEE, and windttwm ; insuranc~ in tM usual itanda~d pol~cy fam, tn a sum ~p{xowd by tM MORTGAGEE, in such campany o? comps~ies as tM MORTGAGEE may directj ~nd all fire and wi~dstwm intivr~ncs policies a+ any of ssid build~r+pt, any interesl tFwrain o? put thereoi, !n the ayyre9et~ sum af~~faid w ln ~xcass ihereof, shall ton~ain the vwal itandard mort~aye~ clauw o~ ~uch oiha claus~ +s tM N1at9a~es may requ~n, makinp the lou vnda w~d po1F c~e~, each ~nd eve?y, payabN w said MORTGAGEE as ib interest may tppear, and each and every svch policy ~MII be promptly us:9rud snd delivertd to +ny Mld by aid MORiGAGEE as furthzr srczrity to said mortpsp~ debt, and, not leu tMn ten (10) days in advance of ths expit~tiae of each policy, to d~- livar to iaid MORTGAGEE a renewa~ theroof, topafMr with a reteipt for the p~emium of tuch renewal; and ther~ shall be ra fi~e or wi~dstorm ins~r~nc~ pi~ced on ~ny of s+id build~rgs, any intuest thcrei~ w part the?eof, unkss in the form a~d with tM loss p~yabk ~s afwas+id; u~d €a the eveM ~ny wm . of money becanes p~yable ur+de~ such polity or policiss s~id MORTGAGEE shall haw the option to rece~vs arx) ~pply the wne on xcount of IM ind~bte~ neu secu~ed haeby o~ b permit said MORTGAGORS to receiw and us~ if w any pe~t thereof fo~ othe~ purposes, without thareb/ waiv~ng or impair- in~ any puity, li~n w right under w by v'utw of this mo:tpaye; ~nd i~ tM tvent said MORTGAGORS shall for a~y reason fail to keep the said p~emises w insured, w fai! b d~liver promptly anr of uid poiicics of inaur~rsce to wid MORTGAGEE, w fail promptly to p~y iully sny p?emium therofor w in u+~ resped fail to p~?form, disthu9e, execvte, effM, complete, comply with and abide by'fhis covenant, a any part here~f, uid MORIGAGEE m~y platt and pay for :uch inwrancs or ~ny part thereof without w+iviny or affeclirg any option, lien, equity, or rigM vnder or by virtw of this Mortys~e, u+d tl~e full amo~nt oi ecch and ev~ry such p~ymenf shall be immediately dw ~nd pay+bte and shatl bear interest from ths dat~ thereof ~ntil paid ~t tM nt~ al nine per centum pa annum and togetha~ with svch intere~t shall be secured by iM lien of this matgage. To permit, oommit a wffa no wut~, impairment a deteriora~ion of wid prope?ry or ~ny p~rt tl+e~eof. S. To psy all ~nd siegul~r the costs, cMrses and expenset, includir?p a reasonable ~ttwe~ey's fee and costs of abstracts of title, Encur.ed or p~id at any time by said MORTGAGEE, because a in the ~~rent of ths fsilwe on ths paN of ~he wid MORTGAGOR ro duly, promprly and f~rlly perform, dwchary~ execute, effect, complete, comply with and abide by each ~nd every tne atipvlatans, agrecments, conditions. ~nd cove~ann of said promi:sory note and this mortgsge tny or either, and sa;d costs, chupes and expenses. esch and every. thall be immediately dus and psyabte: whNher or nnt ther~ b~ notiu da mand, attemp~ to to!lett a suit pending; and ths full amount of each and wery s~rch payment shatl bea. interest from the date thereof until paid at the rate of nine per centum per annum; a~d all said oosts, cl?arges ~nd expenses incvrred u p~id, together w~th wch interatt, ihall be sacured by tM litn of tFw mwtpa9e. 6. That (s) in the event of any breach of this Morty~g~ or default on th~ psrt of ths MORTGAGOR, or (b) i~ t1~e eve+d ~ny of ssid sums of mon~y ~ herein referred to be not promptly and f~lly paid within tbiry (30) days nex~ after the same uverally become d~e +nd payabk, ~rithoul demand w notice, ; or (c) in thc evero each a++d every tF~e stipulai~~s, sg~re~rn», ca++dirans and covenann of sa~d promiuory note and th~s mort~age any w tither are nol ; iuly, promptly and fuily pe.fo.med, d~sd~arged, executed, ~ffected, compkted, co.~nptied with and abided by, then in either o~ any sech went th~ s+id ag t gregate wm mentioned in said promissory note the~ remaininp unpaid, with interest acuued, u~d all moneys setured Ixreby, thsll becom~ dw and pay- ~ able forthwi~h, or therea(~er, ~t the option of said MORTGAGEE, as fully srd completely as it all of ~he wid wms of money wero aiginally st7pulated E to be p+?id o~ such day, anything in ssid promissory note w in tha Mwtysge to fhe contrary notwithstanding; and therevpon or thereafte~ at th~ option of + said MORTGAGEE, without not~ce or demand, wit at law or in eqvity, there(ore w thereafter begun, may be proxcutcd u if all moneys setwed hereby ~ had matured pnw to its institution. 7. That in the event thst at the beginn;rg of or st sny time pending any wit vpon this Mortgsge, or to foreclose it, o? to reform it, w to enfwa~ payment of any clsims here~rnder, said MORiGAGEE shall apply to the Cour1 having juri~~tion thereol for the appointment of • Reteiver, svch CouA sh~ll ~ fwthwith ~ppoint a~eceiver of said mwtgaged property all ~~d singvls~, includ~ng all and singular ~he income, profits, iuues and rovenues fran whaNver ~ source derived, each and every of which, it being expreasly understood, is hercby matgaged as if spec~fically set fath and dexribed in the pr~ntinp snd habendum cla~ses hereof, and such Receiver shalt have ~II the bro+d and effective functions and povrers in anywise entrusted by a Cc~rt to a Rcceiver, and svch appointment shall be made by suth Covrt as sn admitted equity and a rt+atter of absolute right to ssid MORTGAGEE, and without refe~ence to ths adequacy or inadeq~acy of the value of the property mwtgaged or to the soNency w~nsolvency of s~7d MORTGAGOR p the defendanq, and ~hat such rents, profits, incorne, issues and revenues shall be applied by svth Reteiver accordinp to the tien o? equity of said MORTGAGEE end the practito of such Co~rt. B. To duly, promptly and fvlly perfwm, discharge, execute, effect, complete, comply with and sbide by each and every the stipvlations, agreements, conditions and covenants in said promissory note and this mortgsge set forth. 9. That in the event the ownership of the mortgaged premises, o? any parf thereof, becomes'vested in a perwn other thsn the MOQTGAGOR, fl+~ I MORTGAGEE, its successors and ass~gns, may, witFrout notice to the 1NORTGAOR, dcsl with such svccessor or suuessor in interest with reference to this ~ mortgage and ihe debt hereby secured in the same manner as with Mortg~ga without in aoy way vitiatirg w d~xharging the Morryagors' lisbility here- ; under or upon the debt hereby secured. No sale of the premises hereby mortgaged and.no.forbearante on the part of tF~e MORTGAGEE w its successors j or sssgns and no Pxtension of the time for the paymem of the debt hereby secured given by tlx MORTGAGE~ or its successors or auiy~n, shall operat~ s to release, d~scharge, modify change or slfect the original liability of the M02TGAGOR herein, either in wFak or in part. ~ 10. It is specificatiy agreed that tune i~ of the essence of this conuact and that no waive~ of any obligstan hereunder or of the obliyatan se- cured hereby shall at any time thereafte? be held to be a waiver of the terms hereof p of the instrument secured he?by. 11. In add'Aio~ to the fwego:ng monthly payments of prin~ pal end interest required by the promiuory ~ote sacured hereby, mortgagor covenants and agrees to pay to mortgagee with each mo~thly payment an addirianat sum estima~ed by mortga~ee to be equal to 1/12 of the annual cost of the follow- ing- A-AH real property taxes levied or assessed against the above desc~ibed real esate. B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvemerts situate oo the above destribed premisas. C-Premivms on such mwtgage gwranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and suth sum shall therevpon be due and payable on the due date of the next monthly payment and each successiva mw~th thereafter untit mortgagee shap notify mortgago~ of s thange in such j amaunt. Such sums shail be applied by mortgagee toward the payment of real ptoperty taxes, insurance pran:vms, and mortgaye gwra~ty inwr~nte ~ premiums. ' ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereuMO set his hand and sea) the u fint aforesaid. ' ~~s ned, Seated and dye'~ ed in tM presence of: FILED AND R~CORDED ~ srQ~.~rT~~Q. ~`_~1~~~- - S;. LJCI~ COUNTY. FL,n. _ n ~ _ ~tif` :'FRt~R~ + n ~ ~ '69 h'0'~ I 0 Pt~ ~Z: 3 9 a STATE OF fIORIDA 18540~. - couNrY oF St. Lucie ~ ~g sefore me pen«WnY ~ppea.~a "~L~ae ~1~.'TR~6ske ,~a g his wife, to me well known and icrwwn to ms to b~ ~ the ind~viduab described Fn and who exenrted the fwe9any :nstrwnent, and ackrqwtedged before me that they executed the same for ths pwposes therein ex~.~d. a,d rr~ Susan Ruth Proske ~ wife of the said Br11C@ M. Proske upo~ s sep~rate ~nd privat~ examination by me taken separote and apart frem her said huiband, adcnowladged to and befwe rtw that she executed s~id imtrurt~ent freely and voluo- ~ rerily u~d withwt any compulsion, constraint, appre~ w feu of or irom her said husband. November a WITNESS my hand and officiel seal this ~ d~y of A. D. 19St2. s ~ " - Nofary P~ in and for the ate of Florida at lup~ ~ M,, ~ _ ~ y 7l ~ Return Ta ` ~ Fint federal Savings d. losn Associstion .~~1t:t;:F;s; ~ ;j~~ ~,~K. State o1 flor~ ~t ~ ~ Of Fort P;erce. ,.`:~~,;(;'l tJir Co~:r.:~ssion fxpises Au9. 6. 19I1 ~ Fort Pierce. Florida ' Q~i ~ ! {o~Nd M AMr ~ F~ i C+w~r ~Yt ~ = ~ . ~ . 2 ' • =1 . S / ~s. ~ ~ • - • r ~ This Instrument Prepared By John W. Collins ~r ~ ~ Q~ First Federal Savings b Loan Association > _ ~ ~ ' of Fort Pierce ~ F2orida Q - . . ~ ~p - ~ Checked.By ~ s°ooK ~~t~~~1 ~ ~ ~ ~ - ~ _ - - - : ~ ~ ~ ~ ~ ~ .