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HomeMy WebLinkAbout1256 . : 3. To piace and continuousiy kcep on tho bui!d~ngs r.ow w hereaiter i~tuaf~ on sa~d land and on all equ~pment and personalty covered by ti+i~ matg- sge, w~th all p~em~ums ~hereo~ pa~d in (utt, fire insurance in the usua! tiandird polity fwm, in a sum approved by the S10R(GAGEE, and winditorm insuronce in fhe usuat siandard pol~cy form, in a sum approved by ~hc MORTGAGEE, in iuch company or companies as the MORTGAGEE may dirett; and all fne and windstorm insurance pofides on any of said buildmgs, ~ny interost therein or part thereo(, in rhe agqrega?e sum afwesaid a in e:cess thereof, sAaN ton?ain ~he usual sia.nda~d morrgagee clause w iuch o~her clause as the Mortyagee may requ~re, making ~he loss under ia~d potr ' ucs, each and every, payable to said MORTGAGEE as ~ts imerei~ may appear, and e~ch and eve~y such poi~cy shall be prompHy ais gned and delive~cd ro ~ sny held by said MOR(GAGEE ai further secu~ity /o said mwtgage debt, and, rw? less than ten (10) days in ad~ance o( the expirat~on of each poticy, to da ~ I~ver to said MORTGAGEE a renewal thereo(, together with a rece~pt fo~ the prem~um of auch renewal; ar.d ihrre shall be no f~re or windsro~m insurance i placed on a~y of sa'id buildings, any interest ~herei~ or part the~eof, unless in the (orm and with the loss p+iyable as aiorcsaid; and in ~he event any ium ~ Qt ~ey become~ payable under such policy or poficies said MORTGAGEE shall have ~he opt~on ro receive and apply the sa,ne on accoum of the indeb~ed- f ~ess secured he~eby w to permit w'rJ MORTGAGORS to receive and use it or any part ~hereof for o:her purposrs, v.~~i,o.+~ ~ha+.o~ wa~~f~~~ or ~mpeir- ~ng any equity, tie~ or righl unde~ or by virrue of this mo:!gage; and in the event sa~d MORTGAGORi shall for any reason fail to keep the sa~d premises so + insured, w fail to deliver promptly any ot said pol~cies of insurance to sald MORTGAGEE, or fail prompfly to pay fully any pre~~~ium therefor or in sny respect tail to pertorm, distharge, execute, effecl, complete, compty with and abide by this cove~ant, w any part hr~eof, said MOSt7GACaEE may p~ate a~d ; pay (a such insurance or any part thereof wi~hout waivi~g w af(etting any option, lien, cquity, or right unde~ w by virtue of this Matgage, •nd the full amount of each and every such payment ahall be immediately due and payable and shall bear interest irom the date thereaf un~~l paid at the rate ol nine prr centum per annum and rogether with ~uch iroe~est sh~li be secwed by the iien of this mortgage. I. To permil, commil or suffer no waste, impairment o~ deterioration of said p~operty or any part thereof. 5. To psy all and singular the costs, charges and expenses, ~ncluding a reasonable attor~ey's fee a~d costs of abstracts of Gtle, incurred o~ pa~d a~ ~ any time by said MORiGAGEE, because c~ in the event of the failure on the part of Ihe said MORTGAGOR to duly, pra~nptty and fuNy p~;rForm, d~scharge, ~ execute, eHect, comp'eee, comply w;th and ab:de by each and every the stipufauons, agreemenra, conditions, and covenants oi sa~d p~omissory note and th~s mortgage any or e~~her, and said costs, charges and expenses, each and every, shall be immediatety due and payable; whether w not there be notice de mand, attempt to collett or suit pend~ng; and the /ull amount of each and every svch payment sha;f besr interes? trom the date ~hereot until paid al the rare oF nine per ctroum per annum; and all said cosb, charges and expenses incurred w paid, together w~th such interest, shatl be secured by the lien of th4 mortgage. t Q. That (a) in the event of any breach of this Mor?gage or defautt on the part of the MORTGAGOP., or (b) +rt the evem any of satd sums of money herein reterred to be not pro~nptly and fully paid within th~rty (30) days nexf af~er the same severatly become due and payable, wi~hout demand w notice, or (c) in the event each and every the stipulations, agreements, condifio~s and covenanrs ef sa;d prom~sso~y nofe and fh;s mortgage any or either are not ~vty, promprty and fully performed, d~uharged, exec~ted, effected, compSeted, complied with and ah~ded 5y, then in e~ther a any such event ~he seld a~ gr¢gate sum mentioned in 3aid promissory note then remaining u~paid, with interest accrued, and a~! moneys secured hereby, shall become due and pay- able forthwith, o~ thereafte?, at the option of said MORTGAGfE, as fuily and completely as if al! of the sa;d wms of money were orginally st~pulated to be pa{d on :uch day, anyfhing in sa:d prom~ssoay note or in this Morlgage to the contrary not~vithsrand~+g; and thereupon or thereafte~ at the option of said MORTGAGEE, without notice or demand, suit at law or i~ equity, there(ore w thereaf~er begun, may be prosecuted as if all moneys secured hereby n;d ma:ured pnw to ~ts institution. 7. That in the evenf ~hat at the beginn~ng of or at any time pending any suit upon this Mortgage, a to foreclose it, or to reform it, or fo enforce t payment of any tlairns h.e~eunder, said MORTGAGEE sha(I apply to the Cour~ having jurisd:c~ion thereof for ~he appointment of a Receiver, such Court shalt forthwith appoint a receiver of said mortgaged proaerty all and sirgular, includ~ng all and singular the income, prol~ts, issues and revenues (rom whatever sou:ce derived, each and every of which, it being eapressly undentood, is he~eby mengaged as if speufically xt fonh and described in the granting and habendum clauses hereof, and such Receiver shatl have ail the broad and effective funct.ons and powe~s in anyw;ye e~tiusted by a Co~rt fo a Receiver, and s::ch ap~winrment snali be made Sy such Court as an admitted equity and a matte~ of absol~te righ~ to said MORiGAGEE, and without reference to the edequlty w inadequacy of the valuc of the properry mortgaged or to tiw ao:vency or~i~solvency of said MORTGAGOR or the defendants, and that svch renrs, profits, income, iss~es and ievenues shall be applied by svch Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such ~ Court, 8. To duly, promptly and fully perform, dischargt, execute, effett, compiete, comply with and abide by each and every the~ stiputations, agreements, conditipns and covenants in sa~d promissory note and fhis morigage se! fo~fh. 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the ~:,ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with s~ch successor or successor in inte?est wi~h reference to thia mortgage and the deot hereby secured in the same manner as with Mortgaga without in any way vit:ating or d~scharging the Mo~tgagors' liability F?ere- under or upon the debt hereby secured. No sale of the premises hereby rtwrtgaged and no forbearance on the part of the MORTGAGEE w its successors or assigns and no exte~sion of the time (or the payment of the debt hereby secured given br the MORTGAGE'_ or its successors or ass~gns, s}uli opera!e to releasa, d,scF~arge, modify ~hange or aifect the original lian~l~ty of the MORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time ~s of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument setured herby. I1. In add.tio~ !o tl,e furego:ng monlhSy payments of princ'pal and interest required by the prom:zsary no'e secured hereby, mortgagor covenants and agr_es to pay to matgagee with eath monthly pay~nent an add~~ionai sum est~mated by rr.o-tgagee to be equal to 1/ 12 of the an~ual cost of the follow- :ng: A-Ati real property taxas levied or assessed agai~st the above described real estate. B-Pr~m~u:ns on fire and windsio~m insurar.ce as here~n requ~red to be carried o~ the improveme~ts situate on the above destribed premises. C-Prem~ums on such mortg~ge gua:anty ir.surance as mortgagee shail from t:me to time deem fit to carry o~ the i~an secured F~ereby. Mortgagee sha!t from ti~ne to time notify mortgagor in w~iti~g af the a.r.ount due and payable hereunder and such sum shall the:eupon be due and Fayable on the due oare of the next month!y paymenf and each successive month thereafrer urtil mortgagee shaN not~fy mo~tyagor of a change in such zmount. $uch sums sFa;f ce applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaraoty insurance p ~ emiums. ; 1 IN WIT~lESS WHER~Of, The said MORTGAGOR has hereunto set his hand and sea! the day a ea¦ firsf aforesai~ 1 Signed, Seal e~ ~ed in the preserue of: ~ ~ ~ ~ ~ ~ . a~ f - It~a~ ; ~i~ ;Sea ) s' SfA7E OF FLORIDA ~ St. Lucie couNn oF 8efore me penonatly appeared :.awrence F. i•IOIY].S Ethel i~1. hbrris his wife, fo me wetl known and known to me to be the is~divid~als described in and who executed the foregoing instrument, and atlcnovvteciged before me that they executed the same fw the purposes ~ lherein expressed_ And ihe said Ethe2 i~T. r~OrY'1S ~ wife of the said 1-awrence F. riorris opon s aeparafe end private ~ examinafion by me taken separate and apart from her said husband, atfcnowtedged to and before me that she e:ecuted said instrument freely a~ volun- ~ tarily and w~thovt any computsio~, constraint, apprehension, or fear of or from he? said husband. WITNESS my hand and offic~al seal this_ ~ 9 ~ day of Nove~nber _a p. 1969 . ' ~~-G4.~i,c.~iti/. - . . . ` - , } • Notary Public in and fw tix S~ate of ~torida at {,arpe' ~ e My Commiuion expires• ~3- , _ Retum 70: `/1~~r'~ - . oL Firsf Federal Savings 3 loan Association _ - Of Fort P~e~ce. - ' Fort Pierce, F~o~~aa FILED ANp RECOADED~ • ST. LUCIE COUNTY, FLA: ~ ?~ECORD VER~FIED This Instrument Prepared By John ~:1. Collins ~86~Or~ ' First Federal Savings & Loan Association ~ Kr of Fort Pierce, Florida 69 ~~C y~ 30 Checked By t ,~i ZaC3~~ ~ rOG~~ r 01 i RQS I CL.ERK CtRCUIT COURT; ' ~ ~ ~ d00K PACE~zJV ~ - ~ '