HomeMy WebLinkAbout1331 3. To place and contin~ousty keep a+ ?he bui:dings now or hereafter ~;tuate on aaid land and on all equ~pment and pe~wnslly covered by this matg-
age, w~th all premiums ihereo~ pa:d in full, fire insurance the usual seandard policy (orm, in a sum approYed by the MORiGAGEE, and windstorm ~
~nsurance in ~he usual srandard {wl~cy fwm, in a sum approvcd by the 1NORTGAGEE, in such company or co~npanies as the M~RiGAGEE may !
d~rect; and all fi~e and w~nds~orm insurance pol+ues on any of ia~d bu~~d~r+ys, any interest therein or part there~(, in the aggrzgate sum •foresa~d w '
in exceu thcreof, ahall contain fhe usual s?andard mor~gagee clause or iuch other clause as ~he Mwtgagee may requ~re, maAing the loss under ~aid poli- i
c~es, each and every, payabte ro sa~d A~ORTGAGEE as its interest may appea~, and each a~d every auch poticy shall be promptiy ass gned a~d detivercd to
eny held by said MORiGAGEE as further security to sa~d n~ortgage debt, and, not less ~han ten (101 days in advance of ihe expirat:on of each policy, to d~-
I~ver ?o said MORTGAGEE a renewal thereof, toge~her wi~h a recelpt for th: Fremium of svch renewal; and ihere shall be no (~~e or windstorm insur~nce
placed on any of said bui!dings, any interest therein w part thereof, unless in the form and wi:h the loss paYable as a(oresa~d; +nd in the eveM any ium
of money becomes payable u~der such policy w pol~cies said MORTGAGEE ~hall have the oprion to receive and apply the same on accoun~ of ~he indabted-
ness secured hefeby or ro permit said A10RTGAGORS ro reterve and uu it a any part thereof for o~her purpOSeS, v.iihOUt th~r~o~ wa~~~~~g ur unpau-
ing a~y eqv~ty, lien or right unde~ a by virtue of this mo:!gage; a~d in the event sa~d MORTGAGORS shall fa any reaso~ fail to keep the sa~d premisei w
~nsured, w fail to deliver pranp~ly any of said pol~cies of insurance to sa~d MORTGAGEE, or fa~l promptly to pay fully any prem~um therefor a in a~y
~espect fail fo perfam, discharge, execute, effett, comp~ete, comply wi~h and abide by this covenant, or any pa~t hzreof, said MORTGAGEE may plate a~d
pay ior such insurance o~ any part thereof without waiving a affecting any op~~on, lien, equ~ty, or right unda or by virtue of this Matgage, •nd the
f~ll amount of cach and every such paymert shall be ~mmed~ately due and payable and shall bea. interes~ (rom the date thereof until paid at the rate o1
n~ne pet crntum per annum and to~r~he~ wirh such interest shali be secured by the lie~ of thes mortgage.
To permit, commit or suffer no wa?te, impai~ment w detericration of said p~operty w any part thrreof.
S. Tc pay all and singular the costs, charges snd ezpenses, in<luding a reasonable attorney's fee and costs of abst~acts of title, incurred a paid at
any time by said MORTGAGfE, because w in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully perfwm, d~xt~arge,
exetute, ef(ect, comptete, compty w~th and ab:de by each and evesy the stipulaiions, agreements, conditions, and covenants of said p~om~ssory note and thii
mertgage any or e~ther, and sa~d cos:s, charges and expenses, each and every, shall be immediatety due and payable; whether a not there be notite dt
n,and, attempt to coited or suil pend~ng; and the full arteount of each and every such payment shall bea. interest from the date thereof until psid st the
rate o! nine per centum per annu:n; a~w' all said costs, charges and expenses inturred w paid, tooether w~th such inierest, shal~ be secured by the lien of this f
mortgage. ~
6. That (a) in the event of any breach of this Mortgage or defaulf on tF~ part of the MORTGAGOF:, o? ib) in the event any of sa:d sums of mo~ey
hercin referred to be not promptly and fulty paid wiihin thi~ty (30} days next after the same severally 6ecome d~e nnd payable, withovt demand w notice,
er (c) in the event each and every the stipulatiens, agreements, conditions and covenants of sa:d promissory note and ih~s mortgage any w either are not
iuly, promptly and fuliy performed, d.scharged, executed, effected, completed, complied with and abided ~iy, then in e~ther w any such evenf the said ag
~regate sum mentioned in said promissory note then remaining unpaid, with interest accr~ed, and ail moneys secured hereby, shall betome due and pay-
ab;e fo~thwith, or thereaiter, at the option of said MORTGAGEE, as (ully and completely as if all of ~he said sums of money were a~ginally stipulated
to be pa~d on such d~y, anything in sa;d pro,n~ssay note or in this Mortgage to the cantrary notwithstanding; and therevpo~ or thereafter at the op~~on of
sa~d MORivAGEE, vv~~hout notice or demand, suit at law w in equity, therefore or thereafter begu~, may be prosecuted as if all moneys secured Fxreby
nad matured pnor ~o its institutiw?.
7, That in the event that at the beginntng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, w to enforce
payment of any c!aims hereundrr, said MORTGAGEE shall apply to the Court having jurisdict~on the~eof for the appo~ntment of a Receive~, such Court shall
forthwith appo~n~ a rece~ve~ of said mortgagerl property all and singular, inclvd~ng all and singular the income, proi~ts, iswes and revenues from whatever t
source derived, each ar.d every of which, it being expressly understood, is hereby mortgaged as if sptufically set fo~th and deuribed in the granting and ~
h3ixndum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entrusted by s Cour1 to a Receiver, and
s_ch appointment shall be made by such Court as an admined equity and a matter of absolute rigin ro said MORTGAGEE, and without re~erente ro the
adequacy or inadeqvacy of the va:ve of the property mortgaged or to the sotvency w insolvency of said MORiGAGOR or the defendants, and that such
re~~s, profits, inco,ne, issues and reven~es shal~ be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practi:e of such
Court.
8. To duly, promptly and fully pcrform, d~scharge, execute, effect, complete, comply with and abide by each and every the sripulations, agreements,
conditions artd covenants in sa:d promisswy note and this mortgage set forth.
9. That in the event the ewnership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
h10RTGAGEE, its s~ccessws and assigns, may, wifhout notice to the MORTGAOR, deal with such succeuw a successor in interest with reference to this
mortgage and the dcbl hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here-
unJer or vpon the debt hereby secured. No sate of the premises hzreby mortgaged and no forbearance on the part of the MORTGF~GEE a its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by tF~e MORTGAGE~ or its suctessas w au~gns, shall operate
to release, d~scharge, mod~fy change w affect the original liab~lity of the MORTGAGOR herein, either irt whole w in part.
10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligafion hereunder w of the obligation sr
c~red hereby shall at any time thereafter be held to be a waiver of the terms hereot or ol the instrument secured herby.
11. In add,r.o~ to fhe forego'»g month!y paymants of princ pal and interest required by the promissory note secured hereby, martgagor tovenants
and aarees to pay to mo:tgagee with each monthly payrnem an add~rional sum est~mated by mortgagee to be equal to 1; 12 of the annual cost of the follow-
ing:
A-Atl real prope:ty taxrs levied or assessed against the above described real estate.
B-Premsu:ns on f~re and wir.dstorm insurance as herein requ:red to be cariied on the improvements sit~ate on fhe above described premises.
C-P~em~ums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan s..-cured hereby.
~ Mortgagee s~a~! from ~~me to time norify mortgagor in writing of the amount d;.rt_and payable hereunder and such su:n shall thereupon be due and
~ F ayable on the c:ue date of the next monthly payment and each successive month thereafter ur,til mortgagee sFall notify mortgagor of a change in such
f a~.o~nt. Such swnz sti~:! be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~~ mortgage guaranty insurance `
E o~emiums. ' i
r IN WITNESS 'NHER"cOF, rhe sa~d MORTGAGOR has hereunto set his hand and seal the day and ar first afore ' ,
= Signed Sea?ed and iver in the presence of:
~ ~~~x f t _ ~ FILED AND RECClRDED'__ ~ .n
i ST. LUCIE COUNTY. FI,A.' ~-y,
~ - " F:ECO~i~ FRI~I£~ cs~.o
~ _ ~ ~s0
~ ~~U.~J`~J ~sea4
~ '69 0 C 5 AM 9: 3 3
S7ATE OF FLORIDA ~
55.~~~
COUNTY OF SL. Lucie
z
~ Before me personally appeared tt~C ~ i~~~iC@ and
~ Susie Ma@LBQitd~IRCUIT COURT n~. W~r~, ~o me wel! known and known ~o ~~o ~
~ the individuals desc~ibed in and who executed the foregoing instrvment, and acknowledged before me that they eaecuted the same fw the purposes
Susie Mae Brice ~
s !herein e:pressed. . And the said ~
~ Oriel Brice .
r w;fe of the said _ upon a seps ate arrJ private
~ e.amination by me taken separate and apart from her said husband, acknowledged to and before me that she execu!ed said instrument .freely and voluo- ;
; ianly and w~thout any compulsion, conslraiM, apprehensi , or fear of or from her said husband. ~
WITNE55 my hand and official ual this ~ day of A. D. 19~_
. Notary P in aod iw the State of Fbrids at Lsr~e
4 My ~uion expires: G / 9 7~
~ Return To: ' ~
= First Federal Savings 3 Loan Assouatlon ' t;~te of t~Ot13~J At l~(QF
. pf Fort P~erce. " ~ ` }
~c fort Pierce, fbrida • • ~::~'f.l:i:ct?il ~XTilICS i?UQ. 6. ~9n ;
j! ~ , boewd M ~I1 i!Q ~ Fl~~ ~1 i
< ~ s
~ This Instrument Pre ared By John W. Collitl8 -J , f1 f~ r~
~ P % % ' t"'-
First Federal Savings 8 Loan Association ~ .
' of Fort Pierce~ R1oZida ' •
, • • „ ~ =
Checked By ~i~it .z.,~;,,
BooK 1~1 PAC~ 1331
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