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HomeMy WebLinkAbout2634 3. To plu~ and <ontinuou~ly keep on the b~~id~nys now or Mr~aftN ~itwt~ an isid lu~d and on ~II equipment ~nd parso~aily covered by thii mort¢ ~ p~, with •11 premiumi thereon pa~d in fult, firs insu.+nce in the uiual standud policy form, in • ium approved by the MORiGAGEE, and winds~am inwranct in the uiu~l ~iandard pol~cy (am, in a sum approvad by ~he MORTGAGEE, in such tompany or companies as the MORTGAGEE may diract: ~nd all fir~ ~nd windstarm insur~nca policiei o~ any of uid buildmp~, ~ny imsreit therei~ w parl thereof, in the aggreya~u tum ~faesaid w In eaccss Ihereof, shal) conrsin the usual stu+da~d mor~gsye~ daus~ a such othsr claus~ ~s tM Mortyagat may roquin, makiny ths loss unde~ sa~d poli- c'~ef, each and every, payable ro ssid A10RTGAGEE as its interest rrNy ~ppea~, and each ~nd evay tuch poliq shatl be promptly ass:yncd and delivered fo ~ny held by ia~d MORTGAGEE ss tu.~he~ security to said mat9age debt, and, not les~ tMn tan (10) days in advance of ~he expiration of each policy, to dr IivN to uid MORiGAGEE a renewal ~hereof, toge~her with a receipt fo~ ths prert+ium of tuch renewal; and thert thall be ra f~re or windstorm insur~nce plaad on +r+y of said buildings, sny interest the~ein w part thereof, unless in tM form and with the loss payable as afwesaid; and in tM ewnt ~ny sue+ of money becon+es pay+ble u~de~ such policy a po~iciss aid MORTGAGEE shall have ~he option lo receive and apply the same a? accounl o( tM indebtsd~ nes~ iecured Mreby w w pe~mit said MORTGAGORS ro reaeive and us~ i~ w any par~ thcreof fa othcr purpases• \ti~t~1pJ~ ~hr~~u~ waiving or ~mpai.- inp ~ny puity, lieo w right under w by virtue of this mo:tya9e; and in the evcnf s+~d MORTGAGORS shall fa any reason fail fo keep the s+~d premites so insured, or fail ro dal~~e~ promplly ~~y of said policies of insu?ance to uid MORiGAGEE, o~ fail p~omplly to pay fully any prem~um 1Fxrefp w in any respect fail to perfwm, d~scharge, execute, effect, complete, comply with and abide by thii covenan?, or any part hereof, said MORTGAGEE may Flace a~A pay for such inwrance w any paM thereof without waivinp w affacYuq any option, lien, equity, or ~ght under o~ by virtue of this Mat9ays, ~nd the fvll amount of each and every iuch payment shall be inwnediafely dw and psyable ~nd ~hsll bear interest from ths date thereoF u~~il paid tl the nt~ ot nine pet centum pK annum and together with such interest shsll be secured by the lien of thit mortgsge. To permit, oomn~it or svffa no waste, imp~irment w deterior+tion of wid property o~ +ny part thereof. 5. To pay s!1 and sln~utu ths costs, charges and expenses, irxludiog a~essonsble attwney's fec and costs of ~bst?actt of tide, incu?red o~ psid at any tims by wid MORiGAGfE, because ot in the eveM of the t~ilure on ths part of tM ssid MpRiGAGOR fo duly, promptly and fully pea(wm, dischar94 execute, effett, complete, comply wi~h and ab:de by each ~nd every the stipulst~wu, sgreements, cond+t~ons, s~d covenants of saFd p~omiswry no~e and thi~ mortgage +ny w eithe~, ~nd ia~d costs, charges and expernet, cach and evcry, shall be immed~ately due and paysblr, whethcr or not there ba notice d~ mand, attempt to coilecl or iuit pend~ng; a~d the full amount of each and we~y tuch paymeM shall bear interes~ lrom ~F~e date tFKreof uMil paid at the rate of nine per centum per annum; and all said cosn, chargcs and expenscs incurred a paid, togetlxr wah such imerest, shall be tecured by the lien of this mort9age. Q That (s) in the event of any breach of this Mortgaye a default on the pa?t of the MORTGAGOR, or (b) in the event ~~y of sa7d sums of money herein referred to be rat promptly and fully paid within thirty (30) days next sfter the same severally betane due and payable, withoW tkmand w twtice, or (t) in the event each and every the ttipulations, agreemcnts, conditions and coven+nts of sa+d promissory note and th~s mortgaye any w either are not ~uly, promptiy and fully performed, dixharged, executed, effected, co+nplated, complied with and abided by, then in either or any such event ths said gregate sum mentioned i~ said promisswy note then remaining unpaid, with interest accrued, and all ma~eys secured he~eby, fhall become dw and pay- able forthwith, a ~hereafrer, ~t the option of said MORTGAGEE, as fully and completely as ii all of the wid sums of money were pgirully st~pulsted to be pa~d on such day, anything in said promissoty note or in this INortgage to the contrary notwithstsnding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, svit at law o~ in eqvity, therefwe w thereafter begun, may be prosecuted ai if all mor~eys secured hereby had matured prior ro ~ts institution. 7. That in the evmt that at tF?e beginning of or at any time pendirg s~y s~it upon this Matgage, a to forecloss it, w to reform it, w to enforp payment of sny claims hereu~der, said MQRTGAGEE shall apply to the Court having jv~isd~ct~o~ ~hereof fw the appointment of s Receiver, such Courf sMF{ forthwith sppoint a?eceiver of said mortgsged prooerty all and singular, includ~ng alt a~d singular the income, prof~fs, iuues and revenues from whatever source derived, each and every of whicti, it being expreasly undcntood, i~ hereby mortgaged as if speufically tet fo~th a~d destribed in the pranti~y and iwberxlum clauses hereof, and such Receiver shall have all the lxoad snd effective funct~ons and powers in anywise entrusted by a Covrt to • Receiver, and such appointment shatl be made by such Court as an admitted equity and s ma~ter of absolute right to said MORTGAGEE, and without reference to the adequscy w inadequacy of the vslue of the property mutgaged or to the soivency a insolvency of said MORTGAGQR o~ the de~e~dants, and that tuch renn, p?ofits, intane, issues and revenues shall be applied by such Receivcr accord~ng to the lien w equity of said MORTGAGEE and the prutice of sucl~ Court. 8. To duly, promptty and fully pNform, discharge, execute, effect, complete, comply witfi and abide by each and every the stipulations, agreements, conditam and covcnams in sa~d prar.issory note and this mortgage set fwth. 4. That in the event the ownership of the mortgaged premius, a any part thereof, becanet vested in a peraon other than the MORTGAGOR, tht MORTGAGEE, its successors and assigru, may, witho~:t notice to the MORTGAOR, deal w~th such successer or successor in i.iterest with refererece to th~s mwtgage and the debt hereby secured in the same manner as with N4ort§agw without in any way vitiating a dixharging the Moregagors' lisbility here- under w upon the debt hereby secured. No sale of the Fremisea hereby mo.tgaged and no fo.bearance on the part of the MORIGAGEE w its successon w ass~gns and no extens~on of the t~me fa the payment of the debt hereby secured given by tfx AhORTGAGEE or its svccessors w auigns, shall operat~ ro relcase, discharge, modify change w affect the original liab~lity of the MORTGAGOR herein, eithcr in whok w in part. 10. It is spec~fically agreed that time is of the easence of this contract and that no waiver of any obl~gation herevnder w of the obli9ation se- cu~ed hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instr~mcnt securcd herby. 11. !n add~tia~ to the fwego:ng mo~thly payments of p~inc'pal and interest required by the prom:uory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mon~hly payrnent a~ add~rional sum estimated by mortgagee lo be equa~ to 1/12 of the annual cost of the foilow- ing: A-All real property raxrs levied w assessed against the above dexribed reat estate_ B-Prem~ums on tire and windstorm insurance as herein requ~red to be carried on ~he improveme~ts situate on the above describedzpremises. ~ j C-Premiums oa such mwtgage guaranty insurar~ce as mortgsgee shall from t~me to time deem fit to carry on the ban secured hereby. i 4 Mwtgagee shall from t~me to time notify mortgagor in writing of the amount due a~d payable hereunder and such sum s~.all thereupon be due and payable on the due date of tF~e next monthly payment a~d each successive month thereafter ur,til mwtgagee shall notify mortgagor of a change in s~rth amount. Such sums sF.ail be applied by mwtgagee toward the paymtnt of rea! property taxes, insurance prem:ums, and mort9age guaranty insunnce promiums- ~ IN Y~ITNESS Y/HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a year first afor said. ~ Signed, Sealcd and delivered in the presence of: ~ aq aq ~n ~n STATE OF F~ORIDA ~ ST. LUCIE couNrY oF ~fae1~1e~„Q,,,i~y,~s~ Annette Scharfschwerdt, a sinQle adult ~ppc to me well known ~nd known to me to bs the individwl~ descrihed in and who executed tix foreganp instrument, and asknowledged befwe me that Shai executed the ssme for ths purposea rherein expressed. ~ . . . • •,i:: Y - ~ 'fi WITNE55 my ha~d snd offici~l se~l th' ry' dsy of Decenber a-~,`-•~'' ~A,•D~19~_ ~ ~ ' _ , ~ ~ ? ~y Notsry Pubtic in ~nd fw ths Stitp ; of flori~a ~t~ j,~ry~ ~ ~ ~/~~"/wR ~i J / My Commiuion expres: /2 : ~ ` ~ ~ Returo To: - _ - Firsf feders) $svings a~~, nu«~.,~«? FILED ANO RECORDEOf _ _ _ ~ or Fo~t P~erce. ST. WCIE COUNTY, FLA. . € ~ RE_COftt? V~RIFtEQ ; Fort Pierce, florida ~ ~8`7542 ' ~ '69 OEC 24 A1~ II: 11 ~ This Instrument Prepared By J. D. Chastain ~ First Federal Savings E~ Loan Association ~ ~ of Fort Pierce~ Florida f?C~_;~ roiTRa ~ CLERK CIRCUIT COURT': ~ Checked By ~ BooK1~1 Pac~2b~4 ~ ~ - - ~ ry A ~ ~~~w._= _ ~ - _ .