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HomeMy WebLinkAbout1329 , . 3. To p~ace and continuouaty keep on the bu~:dings now a hereafler situate on sa:d Iand and un all equipment and pe~sonally covered by thia mo+tQ- sge, wi~h all premiums thercon pa~d in full, fire insurance in the usual srandard poticy form, in • sum approved by the MORIGAGEE, a~d windstwm insurance in the usual s~anda~d pol:cy form, in s sum approved by the MORTGAGEE, in t~ch company o? compan~es as the MORTGAGEE may d'vect; and all fire and wlndstorm insurance po~~cies on any of said buitd~ngt, any interest ~herein or part thereof, in ~hr agg~epa~e ium aforesaid w in eacess thereof, :hal) contain the us~al srandard mortgagee clause a such other clause as ths Mortgagee may requ~re, maEing the loss unde~ sa~d po~~ cles, each and every, payable to said MORTGAGEE as ~ti intrrest maY ~ppear, and each and eve~y s~ch po!icy sl~all be promp~ly ass gned a~d delivered ~o any held by said AtORTGAGEE as furrhe~ security to sa~d margage deb~, and, no? less tFwn ten (10) days in advance of the expira~~on of each pol~cy, to da I~ve~ to uid MORTGAGEE a renewal thereof, ?ogether with a receipt fa the premium of such renewal; and the~e shall be no f~re o~ w~ndsto~~n inturance placed on a~y of said build~ngs, any interest therein or pa~~ ~hereof, unless in the ~orm and with the ~oss payable as aforesaid; end in the evenl any sum of money becorr+es payable undcr such poliq w pol~cies said MORTGAGEE shall have Ihe opt~on 10 ~ete~ve and apply the same a+ accoun~ of the indebted~ ness secwed her~by or to permit said MORTGAGORS to rKeive and use it or any part Ihereof for osh~•r purF.osrs, v.i~ho~t ih_rcb/ w~rv::~~ or unpau- ing any equ~ty, lien a~~9ht under w by virtue of this mo-!gsge; and in the event sa~d MORTGAGORS shall {w any reason (ail to kecp the said prem~ses so insured, w fail /o deliver promptly any of said polities of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor o~ in any respect fail to perfwm, d~scharge, execute, etfec?, comptete, comply wiih and ab~de by this covenant, or any part hr~eof, said MORTGAGEE may pl~ce a~d oay fa such in~urance or any part thereof without waivir~ or affeding any opt~on, lien, equ~iy, w r~gh~ under w by virtue of this Mwtgage, ~nd the f~tl amount of each and evay such payment shal~ be imrned~etely due and payable and shall bear interos~ from the date thereof uniil paid at the rate ol nine per centum per annum and togethe~ vvith such interest shall be secured by the lien of this mwtgage. 1. To permit, commil a sufie~ ~o waste, impairment a deterioratior~ of said p~o~.vty w any pa~t thereof. 5. To pay all and singular the costs, cMrgea and expcnses, including a reasonable attwney's fee and costs of abstrac~s of title, incurred o? paid at eny time by sa~d MORiGAG:E, because or in Ihe event of the fa~lure on ~he part of the said MORTGAGOR to duty, p~a~nptly and fu~~y pe~form, d~uharge, execute, etfeu, complete, comp~y w~th and ab:de by each and every the stipufanons, agreements, conditio~s, and covenanes of sa~d promiswry note and ~h~s :no:tgage any or either, and w~d costs, charges and expenses, each and every, shall be immediately due and payable; wherher or not there be no}ice dr mand, attempt to collect or suit pend~ng; and the full amount of exh and e~cry s~ch paymer.t shall bea. interest from the date thereof unrii paid a~ ~he rare o? nine per crntum per an~~um; and all said costs, charges and eapensea inturred or paid, together w~th such i~terest, shall be secured by the lien of this mortgage. 6. That (s) in the event of any breach of this Mwtgage or defaull on the part of the MORTGAGOR, or in the event a~y of sa:d sums of money herein refe~red to be not prompily and fully paid within thirty (30) days nex~ after the same severa!?y beco~ie due and payable, without demand o? notice, or (c) in the event each and cvery the stipulations, agreements, cond~tions and covenants ot sa.d promissory note and th~s mortgage any or either are nol iuly, p~omptly and iully periorrned, d+xha~ged, executed, eifected, completed, complied wi+h end ab~ded Sy, then in e~ther o~ any such event the uid ag gregate sum mentioned in ~a~d promisswy note then remaining unpa~d, with interest atcrued, and atl rrroneys secured hereby, shall become due and pay- able fo~thwith, or thereafter, at the opr~or~ of said MORiGAGEE, as fully and completely as ii all oi ~he said sums of money were orginslly st~pulated ~o be pa~d on such day, anything in sa:d prom7sswy note w:n this lNortgage to the contrary notwithstandiRg; and thareupon w the:eafter at the oprion of said MORTGAGEE, w~rhavt notice or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby nad matured p~~or to its institution. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, w to ioreclose it, or to reform it, o? to enfores payment of any claims he~eunder, said MORTGAGEE shalt appty to the ~ou~t having jurisd~ction thereof for the appo~ntment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged prooerty all and singula~, includ~ng all and singular tt~e income, prof~ts, issues and revenues trom whatever source derived, each and every of wh~ch, it being expressly undersrood, is hereby mortgaged as ii speui~cally set forth anc dexribed in the granring and habendum clauses herrof, and such Receiver sl~all have all the broad ar,d effective f~ncnons and powers in anyw~se eotrusted by a Court to a Reteiver, and s~ch appointment shall be made by such Cou~t as an admitted eq~ity and a matter ol absolute right to said MOR7GAGEE, and without reference to the adequacy a inadequacy of the vatue of the p~operty mo~tgaged or to the soivency or insolvency of said MORiGAGt7R or the ~efendants, and that such renn, proiits, income, issues and revenues shatf be appGed by such Receiver acco?ding to the lien or equity of sa~d MORTGAGEE and fhe practice of such Court. . 8. To duly, prompt:y and fully perfo•rn, discharge, e:ecute, effect, complete, tomply wiih and abide by each and every the stipulations, agreements, ; conditions and covenants ~n sa~d promissory note and th~s mortgage set fwth. 9_ That in the event the ownership of the rtwrtgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the A'ORTGAGEE, its successors and assigns, may, without notice to the MORTGP.OR, deal with such successw w successor in interest with reference to this mortgage and the debt hcreby secured in the same manner as with Mor:gagw without in any way vit;ating a d~uharging the Mortgagori liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE a its suctessors or assigns and no eatrnsion of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its successws or assigns, ahall aperate to release, d~scharge, modify change or affect the original IiaSility of the MORTGAGOR herein, eitFKr in whole w in part. 10. It is speuficatly agreed that time is of the esunce of this contract and that ~o wsiver of any obfigat~on hereunder or of the obligation sr cured hereby shall at any time the~eafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add:tio~ to the fwego'ng monthly payments of print"pal and interest required by the prom~uory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee v~ith each monthly payr.lent an adrl~rienal sum estimated by mwtgagea to be equai to 1/ 12 of the annual cost of the follow- , ~ng: A-Atl real propery taxzs levied or assessed against the above desvibed real estate. B--Pr~m~u~ns on i~re and w~ndstorm insurance as herein requ:~ed to be carried on the improveme~ts s~tuate on the above described premises. C-Prem~ums on such mortgage guaranty ir.surance ss mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee sha:~ from ti~ne to time notify mortgagor in writing of the amount d~e and payable hereunder and such surn shall thereupon be due and ; ayable on the due date of the r.ext month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ! a~.ount. Such wms stia:i be app:ied by mortgagee toward the paymeM of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ premiums. IN \YITNE~S Y~NERcOF, the said MORTGAGOR has Ixreunto set his hand and seal the day and year first aforesaid_ ~ Sgned, Seated and delivered in the presence of: ~ F1LED AND RECORDEO'.. c~-•n ~ - " ST. LUCIE COUN7Y. FLA'' tseaq ~ ~ R~~~,rn ~~r~~~tED s~a~ q lOs~7Z~ Seal) ~ . ~ ~ ; TE OF FLORIDA ~sQ _ oE~ 5 9: 33 ST . U]C IE ~~ss. ~ couNrr oF ~ Before me personally appeared R F and ~ ~ ~ ' his wife, to me well known and known to me to be rh~ individuals described in and who e:ecuted the foregoing t, Tore me tFwt they executed the same for the purposes ~ irg nia e.co , therein expressed. And the said ~ Robert R. Meeko ~ wife of the said ~pon a sep~rate and private ~ examination by me taken separete and apart from her said husband, acknowledged to and before me that she eaecuted said i~strument freely and vol~m ~ rarily and without any compuision, constraint, apprehena" , w fear of w from F?er said husband. ~ WITNESS my hand and oific~al seal this k~ day of ~Ce~e1 n. o- i9 69 Notary Pu " in and iw the tate of florids at Large r My Com s'wn expires: ~y. G~ ~ 9'7/ t A Retvrn To: } finl Federal Savings 8 Loan Aasociation ~ ~12:! 0~ ~~~::~8 3{ ~ Of Fort P:erce. ~ Fort Pierce. Florida ' • ~y ~z~'~ ~~q. 6 1971 ~ ` 1r~Na ic ~+uiw. Fia L r.a~ tar . _ - r- • # ~ = ` ' - John W ~ - ~ ~r This Instrument Prepared By . Collins=.- _ ; ~ % ~ i _ First Federal Savings b Loan Association ~ ~ ~ of Fort Pierce~ Flozida ' : ~ ~ Chetked By ~ - _ ,.-.4 ~ i 0 k . ~aflK181 ~~~3~ ~ 's y~ r . , _ . ~ . _ ~ . ~ .