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HomeMy WebLinkAbout0978 _ ~ ~ 3. To place and continuousiy keep on the buildingi now w hereafte? situat~ o~ said land and on ~II equ~pment and personally covered by this mort~- eg~. with all premivms thereon paid in iull, firo ins~r~nce in the usual standard polity form, in • sum approved by Ihe MORiGAGEE, a~:d winds~orm insura~ce 1n ~he uaual uandard po~~cy fwm, in a sum ~pp~oved by the MORTGAGEE, in tuch company or companies as the MORTGAGEE may directj ~nd all fire and windslorm iniurante policies on any of taid buiic:ing~, any intere~t therein or parl thereof, in the a99regate tum afaeiaid o~ in excets ~hereof, shall contain the usual standard mor~gagee clauss w iuch other clause as the Morlgagee msy requ~rs, making the loss unde? sa~d poli- # cis~, each and every, payabts to said MORTGAGEE iti interest may eppe~r, and each a~d every such policy shall be promptly au:gned and delivered ~o ~ any held by said MORTGAGEE at further security to said mwtgage debt, and, ~ot less than ten (10) days in advance of the expiration of each poliq, to de- live~ to wid MORTGAGEE a renewal thereof, together with a receipt for the promium of suth renewal; and thern thall be mo fire or win~latorm insurance i plKed on any of said buildings, ~ny interest therei~ or psrt thereof, unlcss in the form and with the los~ payable as aforesaid; and in the erent any sum ; of mw?ey becomes payable under wch polity a policies said MORTGAGEE shall have ~hs opt~on to receive and apply the same on accoun~ of the indebted~ neu secu~ed hereby or to permit wid MORTGAGORS to receive and uie it a any part thereoi fo~ mhc. puryoses, ~v~~hout thr~o~ waiving o~ ~mpair- in9 any equity, lien or right under w by virtue of this mortgage; ~nd in ~he eveM ~aid MORTGAGORS shall fw any reaso~ lail to kerp the sa~d premises w insu~ed, or fail lo deliver promptly any of said polities of i~surancs to said MORTGAGEE, o~ fait pcomptly to pay fully any premium the~efw or i~ any respecl fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereai, said MORTGAGEE may place and ( pay fo~ s~c1? insurance or ~ny part the~eof without waiving w afiecting any option, lien, equity, w right under or by virtue of this Matgage, a~d the full amovnl of eacA and every such payment shall be immediately due and payable and shall besr interest from the date thereof until paid at the rate of nine per tentum pN annum and to~ether with suth interest shatl be setured by the lien of this mort9age. 4. To pe~mit, commit or suffer no wasfe, impairmeM or deterioration of said property a sny paA thereof. S. To pay all snd singular the costs, charges ~nd expenses, including a reasonable attorrxy's and costs of abstrocts of title, incurred or paid a1 any time by aaid MORiGAGEE, becauu a in the evtnt of the failure on 1he pa?t of the said MORTGAGOR to duly, promptly and fully periwm, d~xharge, exetute, effecf, complete, comply w~th and ab:de by each a~d every the stipulat~ons, agreements, conditions, and covenants of sa~d promissory note and th~s mwtgage any a ei~her, and sa~d costs, cha~gcs and expenies, each and evay, shall be im~nediately due and payable; whether or not there be notice de~ mand, altempt tc collect a suit pending; and the full amount of each and every such psyment shaii ~ar interest from the date thereot until paid a1 the rate oF nine per ce~tum prr am~um; and all said costs, charges and expe~ses inturred or paid, together with such interest, shall be secured by the lien of thi~ mottyage. 6. That (s) in the event of any breach of this Mortgage or defauft on the pa~t of the MORTGAGOR, or (b) in the event any of sa;d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become dve and payable, without demand or notice, or (c) in the event eath and every the stipulations, s9reements, conditions a~d covenants of sa~d promiswry note and th~s mortgage any or either are nol ~uly, promptly and fully performed, d~uharged, executed, effected, completed, complied with and abided Sy, then in e~~her w any such event ~he uid ag gregate sum menrioned in said prom~sswy note then remaining unpaid, with interesl accr~ed, and all moneys secured hereby, shatl become due and pay- able forthwith, or therea(ter, at the option of said MORTGAGEE, as fuily and completely as i( aIl of ~he said sums of money were uryinally st~pulated to be paid o~ such day, anything in said promissory note or in this Mwtgage to the contrary notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, wi~hout notice or demand, suit at law w in equity, therefore or thereafter begu~, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. That in the evenl that at the beginning of or at any time pending any suit upon this Mortgsgs, w to fweclose it, w to reform it, or to enfores payment of any claims he.eunder, said MORTGAGEE shatl apply to the Gourt having jurisdiction thereof for the appo~ntme~t of a Receiver, such Court shall fwthwith appoint a receiver of said mortgaged proQerty all and singular, includ~ng all and s~ngular the income, profits, i:sues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereoy mortgaged as if speci(ically set fwth and dexribed in the g~anting and kabendum ctauses hereof, and such Receiver shall have all the broad and effecrive (unct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be mede by such Court as an admitted equity and a maner of absotute right to wid MORiGAGEE, and without re(erence to the adequacy o~ inadequacy of the value of the property mortgaged or to the soiventy w insolverxy of said MORTGAGOR w the defendants, and that such rents, p?ofits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, compty with and abide by each and every the stipulations, agrcements, condiYans and covenants in sa~d promiasory note aod ~bis mortgage ut fwth. 9. That in the event the ownership of the mortgaged premises, w any part fhereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debt hereby secured in the same man~r as with Mortgagor without in any way vitiating or dixharging ihe Mortgagors' liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on 1he part of the MORTGAGEE or its sutcesson or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate to release, d~scharge, modify change or affect fhe original liab~lity of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any obligation heteunder or of the oblgation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tia~ to the iwego'ng monthly payments af princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenanfs and agrees to pay to mortgagee w~th each monthly payrnent an add~rional sum estimated by mwtgagee to be equal to 1 f 12 of the annual cost of the follow- ~ '^9: A-All real property ta=es levied a assessed against the above describcd reat estate. B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above dsscribed premises. C-Premiums on such mwtgage guaranty inswance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. i Mortgagee shait from time to time notify mo+tgagor in writing of the amount due and pay~ble hereunder and such sum shal~ thereupon be due and ' payable on tF~e due date of tht ne:t monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ar:iount. Such sums sF.a!I be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, a~~d mortgage guaranty insurance pramiums. IN WITNESS EREOf, th said MORTGAGOR has hereunto set his hand and seal the day and year f~rst afwesaid. C~~ Signed. Seal a i ed in esence of: r~ ~ n ~ ! ~ F1LE0 AND RECORDEO'• l~ta,~.~!1 ~ 1) . px - ($eaQ ! ~E COUNTY. ~l.A• cx.~ ~ ~ ~ r S~.~UC~;2i~`:~~~~~F~ ~ ~ i88 J11 .j ; n 1 , ~ _ STATE Of fLORIDA ' ~ PM 2 • 2~ .'o ~ - courm oF st. LuCie ~N _ ~V - "r Before me peno~ally appeared S ~C~ , ~ ~ - ~ mmt? T+• W~I9~i8e 1~ P`~ his wite, to me well kno~jrnind I~wr~to ni~ to.-6s ( the individuals described in and wFw executed the forego'vg s~~ '~t~l before me that they exetutee~: ~+ec.sams~or fCM~ ~rpOSes•' ~ therein expressed. And the said ' ~'S~ ~ Charlea ~1. li6etael , ' ~ wHe of the said upon b,~p8r#~;and~~riwt~ ~ exsminstan by me taken separate and apan from her said husband, ukrwwledged to and before me that sF~e executed said instrumenf'fraply~,and voluer ~ tarily and without sny compulsion, constraint, spprehension, os-fa6r of or from F~er said husband. ~ ~ ~j`r WITNESS my hand and official ual tF~is_ ~ day of J~ A. D. 19~ a ~ } Notary Public in snd for the State of florida at larpe ~ My Commiuion eapires: Retum To: ' a Fint Federal Savings 3 loan Associatioo ;,;iIA:ZY ruLiiw .~+1k:G CF fl~i:iu~1 AT LARaE a' Of Fort P~erce. MX COMMISSION EXPIRES NUV. 29~ 1972 ~ONDED 7MROUGM FRiD Nb D~F_lTELMORf• ~ Fort Pierce, Fbrida ~ ~ K This Instrument Prepared By d. D. Chas~iili First Federal Savin s 8 Loan Association ~ of Fo t Pierce s 1r].orida 8flp~ ~ FACE t7 ' ~ Checked By 1~' . ~ ~ ~ , - ~ ~ ~ ! ~ : _ . . : - _ ~ t~ . ~ li ~ ~!`rr`.d.~A._~~a~~_~' ~ . _ _....~.~..4 ,..~c-.~~~~~