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HomeMy WebLinkAbout2418 3. To place and continuously keep on ihe bui'dings now w hercafte~ ~iluste on sa~d Isnd and on ~II equipmeM and penanally tovered by thit mor19- age, wiih all prem~~ms thereon pa~d in futl, fire ins~rance in the usual star~clard pol~cy form, in a sum appro+ed by the MOR~GAGEE, and w~ndstorm insurance in the usual ifandard pol:cy for~n, in s sum approved by ihe MORTGAGEE, in su~h company or compan;es as ihe MORTGAGEE may direct; and a!I fire and w;ndsrorm insurance policies on any oi said build~~gs, any interasl therein or part thereof, in the aggrega+e •um afwes~id Or in exce~s Ihereo(, shall con~ain the usual srartdard mor~gagee ciause w such ofher ~lause as 1he Ma?yagee may requ~re, making the loss unda sa~d poli- ue~, each and every, payab~e to said MORTGAGfE as ~ts intereit may appea~, and cach and every such policy •hatl be promptly ass gned a~~d detiverod to any held by sa~d h10RTGAGEE as funher secur~ty to said matgage debt, and, no~ leu ~han 1en (10) days in advance of ~he expiration of each pol~cy, to de- liver fo said MORiGAGEE a re~ewal thereof, together with a receipt for the premium Of such ronewal; and ihe~e shall be no fi~e or windstorm insuronc~ p~aced on any o! sa~d build~ngs, any inferest therein w par~ thereof, un!esa in the form and with the loss payable as aforesaid; and in the eveM any aum f of mo~ey becomes payable under such policy or pol~c;es said MORTGAGEE shall have ~he opt~o~ to receive and appty the sa+»e on account o( the i+~debied- ness secured hereby w to pe~mit said MORTGAGORS to meive and use iT or any part thereof 1or orncr purF~oses, v.irhu~t Ih~r~'v~ waivi~~3 c~ unpair• ing any equ~ty, t~e~ w right under or by virtue of this mo::gage; and in the event sa~d MORTGAGORS sha~l (w any reason fail to keep the sa~d prem~ses so iniured, or fail to deliver promptly any oi said policie~ of insurance to ssid MORTGAGEE, or fail piomptly to pay futty any pre~~~~~~n there+or w in any respect fai! to perfam, discha~ge, eaecute, effecl, complete, comply with a~d abide by this cove~ant, p any part hereo(, said MORTGAGEE m~y plsce ~nQ pay fa• such insurance or any parl thrreof w~thout waiving w af(ec~ing any option, lien, equ~ty, or ~~ght under w by virtue of this Morrgage, ~nd the tull amoun/ of each and every such payment shall be ;m~nediately due and payabte and shall bear interest from the daie thereof until paid a1 the rate oi n~~e per centum per annum and to3e'her weth suth interest shall be arcured by 1F+e lien of th~s mortgage. 4. To permit, tommit or suffer no waste, impairment or deterloration of sa~d property or any part tF~ereof. S. To pay all and singular the cos~s, charges and expenses, including a reasonable ananey's fee and costs of abstracts of Yrtle, incur,~d w psid at any time by said MORTGAGEE, because w in ~he event of the (a~lure on the part of the said MORiGAGOR Io duly, pron,ptly and fu~ty perform, d~uharge, execute, ei(ect, comptete, comply w~th and ab;de by each and every the st~~ulanons, agteements, conditions, and covenants of said prarnisscry note and th~s mortgage any or eiiher, and sa:d costs, charges and expenses, each and every, aha~l be immediately due a~d payable; whether w nat there be notice de mand, attempt to collect or svit pend~ng; and the full smount of each and every such payment shall bear interest from ~he date tFx~eof vntil paid et the rate o~ nine per cznwm per annur; and all said costs, charges and expenses incurred w paid, togethet rnnth such interest, shall be ucured by the lien of thi~ mortgage. b_ That (a) in the event of any breach of this Mortgage or default on ihe part of the MORTGAGOR, or (b? i~~ the event any of sa:d sums ef mor?ey herein referred to be not promptly and fully paid wirhin 1h~rty (3p} days ~xt after the same severatty become due and {wyable, witFwut demand w t?otice, or (cj in the event each a~ eve~y the stipulations, a9reements, condi!ions and covenants of sa;d p~omissory note and th~s mortgage any w either are no1 ~u!y, promptly and fully perfwmed, d~scharged, eaecuted, effected, completed, complied with and ab~d^d by, then in e~ther w any auch event the said ag gregate sum mentioned in aaid promissory note then remaining ~npa~d, with interest accrued, and all moneys sec~red hereby, shall become due and pay- ~ able forthwith, or thereaf~er, at the opt~on of said MORTGAGEE, as fully and completely as if all of tne said sums of money were wi9inally st~pulated to be p?id on such day, anything in sa:d prumissory note o~ in this Mortgage to the contrary notwithsta~ding; and thereupon or thereafrer at the op?ion of ~ said MORTGAGEE, w;~hout not~ce or demand, suit at law or in equity, therefore or thereairer beg~n, may be prosecuted as if all moneys secured hereby hzd matured pr~w to ~ts institution. ~ 7. That in thr event that at the beyinning of or af a~y time pending any suit upon thia Matgage, or to forectose it, or to refwm ir, or to enforce paymenf of any claims hereunde~, said MORTGAGEE shalf apply to the Court having ju~isd~ction thereol (or the appointment of a Receive~, such Court shall f~rthwith appoint a?eceiver of sa~d mortgayed prooerty all and singular, inctud~ng all and sin9ular the income, prol~ts, issues and revenues from whatever source derived, each and every of which, it be~ng eapressly understood, is hereby mo~tgaged as if spet~ficallr set forth and described in the 9ranting and habendum ciauses hereof, and s~ch Receiver shall have all the luoad and effective func~~ons a~d powers in anywise enfrus~ed by a Cwrt to a Receiva~, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absotute right /o sa~d MORTGAGEf, and without reference to *he adequacy or inadequacy of the vat~e of rhe property mwtgaged or to the sotvency er insolvency of said MORTGAGpR o~ the defendants, and that such rems, protits, incume, issues and revenues shall be applied by such Receive~ accord~ng ~o Ihe lien or equity of said MORTGAGEE and the practice of such Court. 6. To duty, promptty and fully perform, discharge, exrcute, ef4ect, complete, comply with and abide by each and every the stipulatio~s, agreements, conditions and cover.ants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any parl thereof, becomes vested in a person other than the MORTGAGOR, the h1CRTGAGEE, its successo~s and ass~gns, may, wirhout notice to the A10RTGAOR, dcat wifh s~ch successw a successo+ in intere~t with reference to thia mortgage and the de6t hereby secured in the same mannar as with Mortgagor w~thout in any way vit~ating a diuhsrging the Mor~gagori liability herr under w upon tlw debt hereb/ sec~red. No sale of the premises hereby mortgaged and no forbearance on Ihe part oi 1he MOR)GAGEE or its successors i o~ assigns and no exre~sion of the time ior the payment of the debt hereby secured given by the MURTGAGE~ or its successors or assigns, stiall operate ~ to release, d~acharge, modify change w affect the orig~nal liab~lity of the MORTGAGOR herein, eithe: in whole or i~ part. 10. It is speciiica4y agreed rhat time is of tha essence of this contract and that no waiver of any obligat~on here~nder or of the obligation se~ ~ cured hereby shali at any time ~hereaffer be held to be a waiver of the terms hereof or of the inserument secured herby. ~ 11_ In add:t:o~ to the fwego'~g monthly paymentsaf prinCpai and inserest ~equired by the prom:ssory nore secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgag>e witF. each monthiy payrnent an add~riooal svm esnmated by mortgagee to be equa~ to 1~'12 of the annual cost of the follow- ~ in9: ~ 3 Q-AU rea! prope~ry ~axes leiied or assessed egai~st the above described real esrate. ~ B-Prem~e;ms on fue and wir.dstorm insurar.ce as here~n requ:red to be carried on the improvemeats situate on tfie above dsscribed premises. - ~i C-Prem~wns on such mortg~ge guaranty insvra..ce as mortgagee shap from t~me to time deem fit to carry on fhe loan secured hereby. ~ ; Mortgagee sha!I frcm time to time noiify mongagor in writing of the amount d~e and payable hereunder and suc6 surn shail thereupon be due a:id payable on the due date of the next monthly payment and eath successive mpnth thereafter ur.til mortgagee shaH notify mortgagor of a thartye in s~ch amount. Such sums sF.ai~ be apF~lied by mortgagee tovvard the payment of real property taxes, insuran:e prem;ums, and morfgage guaranty insurance premiums. IN WITNE~S iNHEREOF, the said MORTGAGOR has Fr_reunto set his hand and seal the day and {irst aforesaid. Signed, 5 led and del' ed in the presence of: - FILED AND RECORDC ~ a!~ . ST. LUCIE COUNTY. FLA: ~ ~a~ ~ ; - ~ C~Rf? V*_=.r?;~'Ep ,..r1 ~ ' ' _ 18`74t31 ~ ~Seal) ~ SiATE OF FLORIDA ~ ! '69 QEC ! 9 PM 3: 8 4 i ~ ~ i couNn oF St. Lucie ; ; ! Befwe me perso~ally appeared ~ a V L. : 15 }1C' T:. fl ji ~"P~ t4 ~r~ and ; ~ ::dna L. r isne r C RK rtar~lir rn~~RT° ' i - his wiie, to me well known and ic~own to me to be ? ~ the individuatx described in and who executed fhe tu oi instrume»t, and sckrwwl e9 ~g edged before me that they executed the same tor the purposes 3 I rherein expressed. Md !he aaid ~ dna L. F is ner ~ ' wife of the wid ~z ~'r' l. • F is he r vpon a separate ind privste ~ ~ examination by me taken seFarate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and volurt- : rarily a~d wiihout any compvlsion, constraint, apprehension or feaa of w from her said busband. ~ WITNESS m hand and official seal this Y ~ 4~ day of ec eMb er A. D. 19~_ ~ Notary Public snd w the tate of Florida at lar~e My Commisi expires: ~ / 9 7 / Return To: ~ Firat feder~l Savings S Loan Association ; t! ! ~ i__. n t- OF Fort P:e<<e. •''~z{. Slate of Norida et L~rqe ~ Forr Pierce. Florida _ ~t.::. 1 '•S~;t Eiri:~s b, ~9~~ v~ y j'~ ~oeaW t~ w~~nc~R F~n i~C~suNey ~ •n~~ J~ ? ' _ _ • This Instrument Prepared By J. D. Chasta~l' n~" ' Li _ ~ First Federal Savings & toan Assou~tion - '.P : ~ 5 ` ~ v ; ~ of Fort Pierce~ Florida i'•., Q _ ~ •v~~;: f ` Checked By i ` ; ~ BOOK PAGE ~4~8 c~ i .:W~ - ~ ~ . _ _ . .