HomeMy WebLinkAbout2709 9. To plac~ and continuo~aly keep on tha a,i!d~n9i rtow or hereafter ~it~at~ on said Iand snd on sll equ~pment snd personaliy covered by this mortg-
sgs, wi~h all premiu~ns ~hereo~ pa~d in full, fire i~surance t~ ~he usual ~tandard policy form, in a sum approved by ~~he MORiGAGEE, and wind~eorm
lnsurance in the usual •Wndard pol;cy fo~m, in • sum approved by ths MORTGAGEE, in ~uch compeny or compan~es a~ the MORTGAGFE may
diratlj and all fire and winds~orm iniurancc polic~es on any of iaid buitd~npt, ~ny iot~re~t therein o~ part thertof, in the aggrega~e sum aforesaid or
In ~xcea lhereoi, thall contain the usual atandard matgayee cl~us~ a such otl?e~ claus~ ai 1M Morlflagee may raqu~r~, malin~ the toss unde~ ta~d pol~
cies, cach and eveay, payable to said MORTGAGEE as its inte~est may appear, and sact? and eve?y iuch policy shall be promptly ass.gned and de~ivered to
+ny held by iaid MORiGAGEE aa furiher secvrity to said matya9e debt, ~nd, rq1 leu thsn ten (10) days in advance of the eapiratia~ of each pol~cy, to da
I~ver to iaid MORTGAGfE a renewal thereo(, 1ope~her with • receipt fw the premi~m of :vch renewal; and ~here thall be no fi~e o? w;ndstorm Insurance
plsad on ~ny of said bu;ldings, any i~tcrest thtrein or part thereof, unless in Ihe form and with tM lou payable as aioreuid; and in the event any sum
oF nwnsy becprnes payable unde~ such poliq w policies said MORTGAGEE ~hall have the opt~on to receive and apply the samo on account oi the indebted-
neu secured hereby o? ro permir sa~d MORTGAGORS to ~eceiva ~nd us~ if p any part 1F~ereof iw other puiFases, w~tho~t ths~cb~ waivi:ig o~ ~mpair-
~n9 +ny eQv~ty, lie~ w right unde~ w by virtue of this mortpage; ~nd in tM ~vent ~aid MORTGAGORS shall (or any reason fail to keep the satd premiies w
insured, w fail to deliver promptly ~ny of said politiea of insurance to said MORTGAGEE, or fail promprly to pay fully any pre~nium therefw a in any
respect fail q pHtaa~, d~scharge, execute, effect, camplete, comply with u~d abids by this covenant, a any part hrreof, ~aid MORTGAGEE may place and
paY fw s~rth insurancs w any pa~t theroof without waivinp a affettirq sny option, lien, eqvity, w rigM undtr o~ by virtue of this Matgsge. and the
fuU ~rrwunr of sach and every arch payment shal! he ;mmediately due ~nd payable and shall bea. interest from ths date thereof un~il paid ~t the ~ata of
n~ne per centum pe~ annum and together with such interest shall be secured by tl+e lien of ihis mortgage.
4. To permit, cnmmit w suffer no wasls, impairment or deterio~atio~ of s~id property or sny part thereof.
5. To pay all and tirgulsr the costs, cha?yes u~d expenses, includirg s reasonable attwney i fee and costs of abstracts of title, incv~red or paid at
any timr by ~aid MORiGAGFF, because a in the erent of the failwe on the part ot ths said MORTGAGOR to duly, promptly snd fully perform, d~scharge.
execute, effed, complete, comply w~th and ab:de by each and every the ~tipulations, agreements, condiliona, and covena~n of- said promissory note and ~his
+*~ortgage any or either, and sa~d costi, chuges and expe~ses, exh and every, shal! bs immediatety due and payable; whether w not there be notice dP
mand, attempt to coltect w suit pEn.ling; and the full smount of each and every svch payment shall bear interesl from the date thereof un1i1 paid N Yne
rate of ~ine per centum per an~iu:n; and atl said costs, charges and expenus incurred or paid, together w~tA such interesf, shall be secured by Ihe lien of th;s
matpage.
b. Thst {a) in the ewnf of any breach of this Mortgage or deFaul~ on the par? of the AhORTGAGOR, or (b) i~ the event any of said svms ef mo~ey
herei~ referred to be not prompfly and fully paid within th~rty (3~) days next after the seme severally become due and payabte, without demand or norice,
or (c) in the eveM each and every !he stip~lanor?s agreementa, conditions and covcnanh of sa;d promissory note and th~a mortgage any a either are not
~uly, promptly and fvtly pe~fwmed, dixharged, executed, effectcd, compteted compiied with snd abided ~iy, Ihen in either w any such event the said ag-
gregafe wm memioned in uid prom;ssory note then remaining ~npaid, with inte~est accrued, and al! moneys secused be+eby, shail become dve and pay-
able forthwith, or thereafter, at the opt~or? of said MORTGAGEE, as iv1ly and completely as it all of ~he said sums of money were orig~nally tGpulated
to be paid on such day, anything in sa:d p~om~ssory note or in this Mortgage to the contrary notwiths~andirg; and thereupon or thereaFter sl the option of
sa;d MORTGAGEE, w;thout notice or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if all moneys setured hereby
nad mafured prlw to its institut:oo.
7. ihat in ihe event that at the beginning of or ~t a~y time pcndi~g ~ny suit upon this Mortgage, or to fwectose it, or to refam (t, o? to eniorce ~
payment of any claems !+e?eunder, said JYK)RTGAGEE shall apply to the Court havirg jurisdiction the~eof fa the appointment of a Receive~, ivch Court shall
Forthwith appoint a receiver of said mortgaged property all and sirgular, irxlud~ng all and sing~lar the income, p~of~ts, iss~es and revenues from Mrhatever
source derivcd, each and every of which, it being expressly understood, is hereby morrgaged as if apecifically ut for~h and deu~ibed in the granting and :
habenlum clauses hereof, and such Receivr? sha~l have ~II the broad and eifective funct~ons and powers in anywise entrusted by a Court to a Reteiver, and ;
s~ch appointmont shall be made by sucl+ Cour1 as an admitted equity and a matter of absolute right to said MORTGAGEE, and witnout reference ta the
adegvacy a inadeqvacy of the value of the property mortgaged or ~o the so~vency w~nsotvency of said MORTGAGOR or the defendants, and that auch
ren~s, profits, income, issues and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such
CouA.
8_ To dufy, promptly and !vlly pe~form, d;scha~ge, execute, effect, complete, comply with snd abide by each and every the stipulations, agreements,
conditions and covensnts in said promissory oote and this moAgage set fath. ~
9. That in the event the cwnenhip of the mortgaged premises, w any part thereof, becomes vested in a person other fhan the MORTGAGOR, tM
M.ORTGAGEE, in successe?s aod essigns, may, witho~t norice to the MpRTGADR, dea! with such successa a successor in interest with reference to this
mortgage and the debt hereby sscured in the same manner as with Mortgagw without in any way vitiatirg or dixharg~ng the Mortgagors' liability hcro-
under or ~pon the debt hereby srcured. No sale of the premises hereby mortgaged and no forbeararKe on the part of fhe MORTGAGfE or its successws
or assigns and no exrens~on of the time for the payment of the debi hereby secured given by the MORTGAGE'_ or its successors or assigns, shall operate
ro release, d~scharge, mod~fy change or affect the orig;nal l;abil~ty of the MORTGAGOR herein, either ie whole w in part.
10. It is specificatly agreed that time is of the esunce of this contract and tiwt no waiver of any obt~gstion hereunder w of the obtigation se-
cured hereby shall at any time tl~eses{tes be held to be a waiver of the terms hereof or of the instiumeM secured herby.
11. In add~tio~ to the fwego:ru~ month!y payments of prin~ pal and interest required by the promissory nore secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimaled by mortgagee to be equal to 1/12 of the annual cost of the foltow-
ing:
A-AU ~ea! property taxes levied or auessed against the above described rea! estate.
B-Premiti,ns on fire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises.
C-Premiums on such mortgage guaranty insurar,ce as mortgagee sFall (rom time to time deem fit to carry on the {oan secured hereby.
Mortgagee sF~atl from time to time notify mwtgagor in writing of the amount due and payable hereunder and such sum shall thereupon be dve and
t ayable on the due date of the ~ezt monthly payment and eath successive month thereafter ur.til mortgagee shall notify mortgagw of a thange in suth
amount. Such sums sFall be apptied by mortgagee toward the payment of real propeny taxes, insurance prem:ums, and mortgage guaranfy insura~ce
premiums•
IN WITNESS WH:REOf, tht said MORT6AGOR has hereunto set his hand and seal the day and year first afortsaid.
Sipn , Sealed and el~vyed in the presente of: .
~ ~,.Z ,~.v ~~.~.~/.s,~e~ ~(Ses~
4 ~ ;
i
~
STA7E Of FIORIDA !
ST . WCIE ~ u-
couNrir oF
Before me penonally a,~peared OI1VeI ~Md1A ~1$1t~ZOri ;
Gleana Faye Wa1dI0I1 his wife, to me well known and known to me to bs
s~,e indmduals described in and who execvted the foregoir~p irut~urne~t, and acknow!edged befwe me tFwt they executed the same tor the purposes
therein expressed. And the said_ Cal@IlIla Raye ~Alalt~IQI1
rv~!e of the said OZ1V@Z ~i181A Waldzon ~p~ a s~~rate a~d priv~te
examinatro~ by me taken separote and spaA from her said husband, adcrawledged to and before me that she executed said instrumeM frcely and vol~n-
rarily and without any compufsan, wnsfraint, apprehens~on, or ear of or from her said husband,
WlTNE55 my hand and officisl seal thi day of e1~e A. D. 19.~_
- otsry Public in and for ihe State of Fbrida aT larpe
My Commissio~ ~~tpires:
Return 700 • ~ .
Turr rusuc, surE of
fint Fe~krsl Savings 3 loan Associat~on fLORIDA AT ~ARGE
Of Fort Pie~ta MMISSlUN EXP!}~ES SEPT. Z3~ 1973
' YID THRl1 fRFD
~ r~. aESr~.~
Fort Pierce. Flwida - ~J , ~ .
: ' ~_~ILED AND RECORDEO'. ~ '
~ LUCIE COUNTY. FLA.
This Instrument Prepared By Jot~n W = Z-.r~nt~ ~l~~~~D
. Collins ' ' - ~ : : 1g~5 a~
First Federa) Savings d~ loan Association ';'~i~'••,~"~~~•-
. , ^ ,
of Fort Pierce ~ Rlo~cide? ;
~/~i ~ ~
, ~f N_ ~s oEC i9 PM 3: z3
Checked By 1~ ~
. ~ . /~c
.
S~~S~ p~~~ i10~~i: t-Q17RAS
C~ERK ClRCUIT COURTI
i
o~
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