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HomeMy WebLinkAbout2711 . ~ , 3. To plac~ artd continuous:y keep a+ th~ b~:ildirys now w hereafter iitval~ on said tand and on al1 equtpment ~nd perso~elly covered by this mort~ •ps, with ~II premiumi thereon pa~d in full, fire i~sunnce ~n ~M utual stand~rd policy form, in s sum approved by the MORiGAGEE, and windstwm Inivrant~ in tM usual itandard pol~cy fwm, in a sum ~pproved by tM MORTGAGEE, in svch campany or companies as tM MORiGAGEE may dired; and sll fire and wind~to.m in~urance polK~es on ~rty of is~d build~npf, a~y In~erest thsrein or psrt thereof, in tM apgrcgate sum aforesaid w In exctss 1Aer~of, ~hall coMain the usual standud matgpN claus~ w such otha~ claus~ ai Ihe Mal9agee may requir~, making ths foss under sa~d polf c'~es, ~ach a~d every, payab~a to isid MORTGAGEE as ~n in~erest m~y app~a~, and e~ch and ~very ~uch policy shall be prompt~y +ss.gncd and delivered ~o ! ~ny held by isid MORTGAGEE as fur~her securi~y ~o said mu~ya~ debt, ~nd, not leu than ten (10) days in adva~+ce oi ~he exp~~ation of each policy, to dr live~ to said /AORTGAGEE • renewal thereof, ~ope~hsr with a teceipt fw the p~emium of iuch renewal; and ~here shatl be no f~re or windito~m insurance placed on a~y of said buildings, any interest therein w pu~ thercof, vnleu in the iorm ~nd with the lou payabl~ u aiwesaid; +nd i~ tM event any sum of Raney becanes paYable under such policy a policies s+~d MORTGAGEE shall have ~he opt~on to .eceive and apply the ume on account of tM inclsbted- neu setured hereby or ro permit said MORTGAGORS to receiv~ and us~ it w any pa~t thereof fa other purposes, ~vithout th:~eb~ waivi~eg w mipair- irg any equ;ty, l;e~ w riyht uncler or by virtue of thii mos:ya9e: ~nd in tM event se~d MORTGAGORS shall for any reason fail to keep the ssid premi~es so insured, a fail ro deliver promptly a~y of said policies of insu~anc~ to said MORTt'sAGEE, a fail promptly to pay fully any premium tF?ereiw or in ~ny reipect fail ~o psrform, diecharge, execute, eifect, complats, comply with and sbid~ by this covenanf, a any par~ hereof, uid MORTGAGEE may plxe and paY fo~ such tnsurance w ~ny part thNeof without w+ivinp or affactiny any opt~oa, lien, eq~~ty, w ri9ht unde? a by virtw of ~his Mor~qa~e. and the full amounl of each aod wery such paymeM thall be fmrt~ediately due and payable snd shall bear iroerett from ths daro thereof ~ntil paid at 1M utt of ni~e per centum per annum and to~ether with such interest shall be securcd by tM lien of this mortgage. 1. To permit, cvmmit w suffer ~o waste, anpairment a deteriwation of said property or any part thereof. S. To pay all and sirgular the cosrs, chsrges ~nd expenses, irxludirq ~ reasonable atta~ey's fee and coats of ab~tracts of titls, inc~rred or paid at any time by said MORTGAGEE, betause or in the event of the iailure on the p+rt of ~he said MORTGAGOR fo duly, promptly and fully perfam, discharq~ execute, effect, complete, comply with and ab:de by each and evcry the stipula~ion~, agreeme~ts, co~d~tions, and covenants of said promissory note and ~his mortyage any w ei~her. and uid costs, chargp and expenses. e+ch and every, sMll be immediately due and payable: whether a not ths~e be notice d~ j matxl, attempr to tollect a suit pcnding; and the full artwunt of each and svery suth payment ~hall bea? interest from the date thereof unril p~id at the ~ rate of nine per centum pet annum; and all aaid oosts, charges and expenses intvrred or paid, together w~th s•xh interest, shall be securad by the lien of thi~ mort~aqe. ~ Q That in the event of any breach of this lNor~gspe w default o~ tM part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and fully paid within th~rty (30) days next a4rrr the same severatly bccome due and payable, without demand o~ notite, or (c) in ihe event each ~nd every tF+e stipu~etans, sg~eements, condltions and covenants of sa~d promiss~y note and th~s mortgage any w either sre no1 ~uly, promptly and fully perforsned. d~xharged, executed. effected. completed. complied with and abided ~ay, then in eithc~ w any such event the said ap~ gregate sum mentioned in said promissory note the~ remaining unpa~d, with interest accrued, and a11 moneys secured hereby, shall become dw end p~y- able fwthwith, w thereafter, at the option of said MORTGAGEE, as f~ily and completely as if all of the said sums of money were oriyinally st~putated ro be pa~d on such day, anyfhing in sa:d promisswy notr or in this Mortgage to the contrary notwi~hsranding; and thercupon or theresfter at tM opt~on of said MORTGAGEE, witFwut notice or demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if afl moneys secured hereby had rnatured pnw ro its institutiw?. 7. That in fhe event that at the beginning of w at sny time pending any suit upw~ this Mortgage, o? to lweclose it, w to reform it, or to enfwp payment of any claims hereunder, said MORTGAGEE shaSl appiy to the Courl having jurisdiction thereof ior ~he eppo~ntment of a Receiver, such Court shall forthwith sppoint a receiver of said mwtgaged prooerty all and singular, includ~nq a~l arsd singular fhe income, profits, issus: and revenues from whatever so~rce derived, each a~ every of vrhich, it be~ng expressty understood, is hcreby mortgaged as if speutically set fwth and described in Ihe 9r~ntiny and habendum clauses hereof, and such Reteiver shal~ have all the b~oad a~d effettive funct~ons and powers in anywise entruated by a Court to a Reteiver, and s~ch appointment shalt be made by such Court as an admitted eqvity and a matter of absolute right to said MORTGAGEE, and without reference to the edequacy w inadeqvacy of the value of the prope~ty mwtgaged o+ to the w~vency o~ i~isolvency of said MORiGAGOR w the defendants, and that such rents, profits, income, issues and revenues shail be applied by such Receivcr accord~ng to the lien o~ equity of said N10RTGAGEE and the practice of s~ch Covrf. 8. To duly, promptly and futly pcrform, discharge, execute, efiect, complete, comply with and abide by each and every the stipu~atiau, agreements, conditaro and covenant: in u~d prorsussory note and this mwtgags sN forth_ 9. That in the event the ownership of the mortgaged premixs, or any part thereof, becomes vested in a person other thsn the MORTGAGOR, th~ MORTGAGEE, its successws and au~gns, may, witfiout ~o~ice to the MORTGAOR, deal with such successa o? successor in interest with reference to this mortgage and the debt hereby secured in the same ma~ner as with Mortgagor withoul in any way vitiating p diuharging the Mwtgagori liability hertr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w iri sutcessas or assigns and no ez~ens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its iuccessws a assigns, sh~ll oparare to release, d~xharge, modify change or affect the wigi~a~ liability of tFx MORTGAGOR herein, either in whok or in pa?t. 10_ It is spec~fically agreed fhat time is of the esunce of this contract and that no waiver of any ebligation he~evnder or of th~ obliyation se- cured hereby shatl at any time thereafter be held to be s waiver of the terms ixreof or of the instrument secured herby. I1. tn atid~t~on to the fwego:~g monthly paymen:s of prinCpal and interest required by the promissory note secured hereby, morigagor covensnfs and agrees to pay to mo:tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- A-All real property taaes levied or assessed against the above desuibed real estate. i € ~ B-Premiums on fire and windstorm insurance a: herein requ:red to be carried on the improvements situate on the above described premises. ~ C-Premiums on such mortgage guaranty insura~~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ' ~ Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter ur:til mortgagee shall notify mortgagw of a change in suth ~ amoum. Such sums sh.all be applied by matgagee toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranfy insurance ! ~ premiums. ~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. S' I ~-ered in the presence of: aq ' ~ •n ~ n--n STATE OF FLORIDA ~ S5. COUNTY Of St . Li1Cle sera~ pertonally appeared Fred J. Moser .~,a gva L MO~er his wife, to me well known and known~ to me to bs the individwb dewibed in arr! who executed the foregoirg instr~ment, and acknowledged beiore me that they executed the s~n~ fOr the p~rposes ~ - . ~ ~ ~n~.~~~ ~:ao~d. a,d r~ ~~d Sva L Moser ~ ' . wife of the ~~a Rred J Moser ::~;:;:~uR,~na ~w~r• ~ efaminstio~ by me taken separote and spart from her said hvsband, atkrawledged b and befon me that sFx exetvted said• f?~ly.'_ ~ volwl- tarily and w7tbout sny compulaioo, constraint, appreheniion, t~ear of o? from hn said huiband. 9 ~ WITNESS my Mnd and officiel seal thi~ ' dey of ~~=o~p~' ^"i-r r~'D~~ ~T 1.6s ~.yiw-~ ~tGac.~,tJ~~- ~ Q - ' n Nots aPublic in and for ihe Sfit~ of flwiaa st.'larps . ~ O~mist expires: f~ 3, ~ 'U _ . ~ R~?~.~ ro: FtLE~ AN ~oVNTY: FCA• ~~-3-~~ _ E " Fint Feder~l Savings a losn Association cj~,. LU~`i~E ~ v~R'~~E~ ~.4. , i :r Of Fort P~erce. R~~Q~„ ~ Fo~t Pierce, florida ~ ~ s . ~ y J ~ + 4 ~ DEC 29 PN 3 :2_, € ~ ' ~i"" ; 43 This Instrument Prepared By ~aun ~~jL First Federa! Savings ~ Loan Association 0' ~ ~y of Fort Pierce~ Flotida Tip~-R t'01 COURY: CLERK CIRCUIT ~ Checked By ; ~ ~ 8Q x 181 ~~7~ ~f ~ - - ~y _ i ~ . _ ~ _ _ _ ' _A "