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HomeMy WebLinkAbout1254 4 3. To place and continuously keep on the bui'dings npw a hareafter ~ituate on sa~d land and on all equip~nenf and penonally cove~ed by thit mw~g- age, w~~h all pren,~ums thereon pa~d in full, firc insurance ~n ~he usual s•anda~d poiicy form, in a sum appro~ed by the MOR~GAGEE, and winditorm fniurance in the us~al s~anda~d pot:cy iorm, in a sum approve~ by ~he MORTGAGEE, in such canpany or co~++pames as the MORTGAGEE may d~rect; and all tire and w~ndsTOrm ins~rance polic~es on any ef sa~d bui~d~ngs, any intereit there~n or part thereof. in the aggre~ate sum aforesaid or in extess thc~eoi, shall co~tain ~he ~sual s?andard mortgagee claute or such o~hcr tlause as Ihe Mortgagee may requ~rR, ma?ing Ihe loss under fa~d poli- c~es, each and eve.y, payable to said MORTGAGEE ~f its interest may appear, and each and every auch po~icy shall be promp~IY ass g•xd a~d de~ivercd ~o any held by sa~d MOR(GAGEE as fw~her s^curiry to ssid mor~gage debt, a~d, not teu than ten (10) days in advan:e of the expiranon ot each policy, to de- lrver to said MORIGAGEE a renewal tnereoi, logether with a rece~pl fo? the premium of sucA renewal; and there shall be no f~re or wi~dsrorm insurance placed o~ any ol sa~d lwild~ngs, any interest the~ein or part thereof, unless in the form and wiih ~he toss payabte as aforesa~d; and in the eve~t any sum pf money becancs payable under s~ch policy w polKies said MORTGAGEE shall have ~he opt~on to receive and appty the same on account of the indebted- ness securetl hlreby or to permit 3aid MORTGAGORS to rKeive &nd ui! it p any pa~l thetCOf fot otn~r purf~osrs, v~i~h'vut Iharro/ waw~~~3 unpa~r• irv~ any equity, I~en a right under w by virtue of this mo:tgage; end in the event sa~d MORTGAGORS shall fa any reason fail to keep the said premises so insured, w fail to deliver piomptly any of said po~~ties of insurance to said MORTGAGEE, or fail promptty to pay (ully any pre~»ium therefw or in a~y respect fail to perform, d+scharge, execute, effecl, complete, compty with and abide by this covenant, w any pa~1 hereof, said MORTGAGEE may pl~ce ~~d pay fa such insurance or any parl thereof without wsiving or affectiny any option, lien, equ~ty, w right u~der or by virtue of this Moctgage, and the f~ll amount oi each and every such paymem shall be immediarely due and payable snd shall bear inter~st from the date thereof until paid at the rate of n~ne pe? cenrum per annum ancl to~r~he~ with such interaat shait be secured by the lien of this mortgage. To permit, tommit or suffer no waste, imp~irment a deterioration of said property w eny part thereof. S. To pay all and singufs~ the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracn of title, incurrcK! or paid at any time by w~d MORTGAGEE, becaux a in the event of the failure on tne oan of the said MORTGAGOR to duly, prumptly and fully parfam, d~scharge. :,ecute, effect, complete, compty w:th and ab:de by each and every the stipulanons, agreeme~ts, conditions, and covenanfs of said promissory note and th~s mortgage any or either, and sa~d costs, charges and expenses, each and every, shall be im~nrdiately due and payable; vvhether or- not there be notice de mand, attempt to coilect or suit pend~ng; and the tul~ amount of each and every such payment shall bear interes~ frum the date thereof until paid at the rare of n~ne per crnt~m per an~~u.'n; and all wid costs, charges and expenses incurred or paid, together w~th such interest, shall be setured by the tien of th~s mortgage. 6. That (a) in the event of any breach of this Mwtgage or de[au:t on the part af the MORTGAGOR, or ;b) in the event any of sa+d sums of money herein referred to be not promptly and fully paid within th~rty (30f days ~ea1 after the same severa?!y becane due and payabte, withou: demand or notice, or (c) in the event each and every 1he stipulations, agreements, conditions and cove~ants oi ia:d promissory note and fh~s mortgage any or either are nol ~uly, promptly and 1ully perfonoed, d~scfiarged, executed, effected, completed, compGed w~th and abided by, ~hen io either o~ any such event the ssid ag gregate wm rtKntioned in said promiuory note then rdnaining unpa~d, with interest accrued, and all moneys secured hereby, shall become due arx) pay- able fonhwith, or thereaftcr, at the option of said MORiGAGEE, as fvlly and comotetely as if all of the said su~ns of money were orginally stipulated ro be pa~d on wch day, anything in said promissory note or in this Mortgage to the ca+trary notwirhstanding; and thereupon or thereafter at the option of sa~d MOR7GAGEE, w~tho~t not~ce or demand, suit at law w in equity, therefwe or tAereafter begun, may be prosecuted as if a~l moneys secured hereby nad matured pnor to ~ts insr~wt~on. 7. That in the eve~t that at the beginning of or at any time pending any suit upon this Mo~tgage, or to fweclose it, or to refo~m it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having ju~isd~aio~ thereol tor the appo~ntment of a Receiver, such Court shall forthwith appo~nt a receiver of said mortgaged prooerty all and singutar, includ,ng alt and singular the income, proi~ts, issues ar.d rever.ves from whateve~ so~rce de~ived, each and every of wh~ch, it being expressly understood, is hereby margaged as if spec~ficaity xt forth and desc~ibed in the granting and rabendum clauses hereof, and such Receiver shall have all the broad and effec~ive (unct~ons a~d powers in anyw~se entrusted by a Court to a Receiver, and s.;ch appointment shall be made by such Court as an a~m;tted eqvity and a malter of absolute rigM to sa)d MORTGAGEE, and without reference to the ' adequacy or inadequacy of the value of fhe proprrty mptgaged or to the so:vency or insolvency ol said MORLGAGOR w the defendanis, and that such renrs, profits, in;orne, issues and revenues shall be appi~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Covrt. 8. To duty, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every ihe stipulations, agreements, conditions and covenants ~n sa~d promissory nc:e and this mortgage set fwth. 9. That 7n the eve~t the ownership of the mortgaged pren:ises, w any part thereof, becomes vested in a pe:son uther thsn the MORTGAGOR, ihe M.ORTGAGEE, irs s~ccessors and assigns, may, without notice to the MORTGAOR, deal with such successor or succeswr in inrerest wi~h re(erence to this mor!gage and the debt hereby secured in the same manner as with Mbrtgagor without in any way vit;atin9 0? d~scharg~ng the Mortgagors' liability herr ~ ur.der or upon the deb~ hereby sec~red. No sale o( the prem~ses hereby mortgaaed and no ~orbearance on the pa~t oi th~ MORTGAGEE a its successors or ass~gns and no extens~on of the t~me ia the payment of the debt hereby securcd given by the MORTGAGE~ or its su:cessors or ass~gns, shall operate to release, d~scharge, modify change or aifect the original liab~l~ty of the MORTGAGOR herein, eithei in whole or in pa:t. ~ i 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder a of the obligation sr :vred hereby sha11 at any time thereafter be held to be s waiver of the te~ms hereof w oi the instrument secured herby. 11. In aod.t:o~ to the forego n9 monthly payments of princ'pal and interest required by the prom?ssory no!e secured hereby, mortgagor tovenants ~nd aqr~es to pay to mo:tgagee with each monthly paymem an add~rional sum est~mated by mwtgagee to be equal to 1; 12 of the annual cost of the fol!ow- ~nq: A-A~I real property taxrs tevied or assessed agaiost thc above described real estate. I,i i B-Pr_~r.~u::.s on fire and wlndsrorm insurar,ce as herein requ~red to be carried on the ;mprovemeats situate on the above described premises. C-Pre~n~ums o~ svch moregage guaranty insvrance as mortgagee shall from. t~me to time deem fit to carry on the loan sewred hereby. f ARortgagee sha!~ E.om :ime to time notify moNy-agor in writing of the amo~et due.and payable hereundar arx! such sum shall thereupon be due and ~ ~.ayable on the due date of the next monthly payment and each successive month thereaftcr ur,til mortgagee shatl notify mortgagor of a change in such ~ a~~.ount. Such sums sha;l be appfied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~~d mo:tgage guaranty insurance 4 premiums. ~ I IN WITNESS WHER~Of, ehe said MORTGAGOA has hereunto ut his hand and seal the day and r' st ai es d. ~ ~ Sgned. Sealed a.~d deli; eled. in the presence of: ` ~ ~ , . ,n ~ en . ro ~~ry a J ~ . ~ s~.n ~ - • ve yn R. B ro~vn ai~ i ~ ' ,e,[~'~C~s•J ) -.!'.t~~~ ~ s~atE oF OQi~C OHIO ~ ' ~ ( L[~AS ~ COUNTY OF ~ Before me personally appeared BeA .2. BYOWTI snd ~ Evelyn R. Brown his wife, to me we[I known and known to me to be the individuals dexribed in and who executed tF?e fwegoing instrumcnt, and acknowledged before me that they executed the same fw tFa purposes therein expressed. And ihe said aVel~~II R 6rown ~ w~fe of the said B en R. B rown vpon s sepsrate +nd piv~te ~ examination by me taken separate and apart from her said husband, acknowledged to and before he executed said irtstrument freely and volun- ~ :arily and without any compulsion, constraint, appreh nsion r fesr of o? from said sba s A D. 19~_ - WITNESS my hand and official seal this day of s Notary Public in and i the Siate o4}~~ ~}~ID ~ My Commission expir s: ~u: Rewm To: ROBEHT W 'eY At L~MI fint Federal Savings 3 Loan Association (~;~ry e'~".lit • State 01 Ohio . - Of fort P~erce. My ~pplmi~fior. ha3 n4 tzpqU011 4~• • , . y F~, Pierce, F~o.~aa FILED AND RECOi~AEt~4~.a~ R.C. - _ ~ ST. LUCIE COUNTY, FI.A. -'r~ ~?":CCr:: VE?f=t~D - • ;4`.ti . , w~< This Instrument Prepared By J. D. Chastain 186~Q1 # First Federal Savings 8 Loan Association ~69 ~~C y 9. 3 ~ ~ - ~ of Fort Pierce ~ Florida ~ L . ~ ~ ~~r~,.~ : Checked B - _ ~ y iZU":~r ~ O~Ti~:,S ~ ? CLERK ~iRCUIT COURT ~ ~ Q - ' d00K1O~ PACE~~ ' cf ~ - - _ .~,4 . . . ~ ~ K - _