HomeMy WebLinkAbout1087 9. To pl~c~ ~nd conlinuously keep on tM buildin~t now w Mreaft~r siluat~ on taid lend and on +II equipment and penonaily covered by this enort~
~p~, with all premivm~ ~hereon pa~d in f~ll, fi~e insur~nce in tM usual i~a~dard poticy fwm, in • ium spproved by ?ha MORTGAGEE, ~nd w~ndstwm
inswanc~ in ~M usu+l s~indard pol~cy iorm, in a ium ~pproved by tM MORTGAGEE, in tuch compsny w companlei u tM MORIGAGEE may
d'u~ctj ~nd +11 (irs +nd w~ndsrorm insurancs policies on +nY of said buildinyf, any i~tensl ~herein or part thereof, in tM sggreya~e t~m afo~etaid w
M ~xttss thereof, ihell contain the uswl itandard mortgage~ claus~ w tuch other clauie ~s IM Mortpagee nwy .*quus, makinp ~hs los~ under sa~d poli-
cies, each aed ~very, p~yabk ro s+id MORTGAGEE a~ ~n interest may appea~, snd each and evay s~ch policy ~hall be promp~ly au:gncd and delivered to
~~y held by isid MORTGAGEE as furthe? seturity to ~id mortpage debt, and, not leu tMn ten (10) days in advanco of Ihe expi~ation of each polity, lo dr
live~ to iaid MORTGAGEE a renewal thereof, 1o9ether wi~h a rece~pt iw the premiwn oi iuch renewal; and ~here shall be no f~re or windsrorm i~iurance
plxtd on any of said buildings, any interett thertin w p+rt thereof, unleu i~ the form ~nd with Ihs lou payable as aforesaid; and in 1hs event a~y sv~n
of money becomet pay+ble under such policy a polKies taid MORTGAGEf sMll luw tM option to receive and apply the tame on account of the Ir.debted-
neu setured heraby w ro permit said MORTGAGORS to rKeive and use if a sny part thereof for othcr purposes, ~vithout th:rrb/ waivi~ig o~ ~mpair-
G+g any equity, lien w right under or by virtus of this morsp+qe; ~nd in ~he ~vent sa~d MORTGAGORS shall Ea a~y reason isil to keep the said premisa w
inaured, w iail to deliver promptly any of iaid policies of inwrance to said MORTGAGEE, w fail promptly to pay fully any premium therefor o? in a~y
re~pect fail w pertwm, discharge, execvte, effect, comptete, comply wiih a.~d ~bids by this covenanL w any part hereof, said MORTGAGEE may place u+d
paY tw :uth insurante o~ aey p+rt thereof without waiv'ug a affedinp any option. li~n, eq~ity, or righf under w by virtue of this Mortgage. ~nd the
f~ll amounl of each and every such payment shall be immcdiately dw ~nd payaWe and shall besr interest from the date thereof until paid a1 the ratt ol
nine pe~ centum per annum and togethe~ with such interest ~hatl be secured by the lien of this matgsge.
I. To permit, commit or suffer no waate, impairmem a deteriontion of said property w any part thereof.
5. To psy all and singula~ ths coats, cha:;y~: expenses, including a reasonable attwney i fce and wsts of abstracts of title, incurred or psid at
eny time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~xharge,
~xetute, effM, comptete, tomply with and abide by each and every the stipulations, agreements, conditions, +~d covenants of sa7d promissory ~ote and this
mwtgage any ot eithcv, and seid costs, chuges and expenses, eath and every, shall be immediately due and payable: whether a not rhere be notice d~
msnd, attempt to collett w suit pending; snd the iu!! amount of esth and every suth paymem shatl bear interest from the dale thereot until p~id a1 the
rate of nint per centum per annum; and all said msts, tharges and expenses incurred or paid, together w~th such interest, shall be setured by the lien of th~s
mortyage.
b. That (a) in the event of any bresch of this Mwtgage w default on the paA of the MORTGAGOR, or (b) in the event ~~y of satd sums of mo~ey
he?ein referred to be not promptly and fully paid within thlrty (30) days next after ~he same severally become due and payab~e, without demand w notice,
or (c) in the event each and every the stiputations, a9reements, conditions and covenana of sa~d promiuory note and th~s mor~gage any o~ either are not
~uly, promptly and fully performed, discMrged, executed, effected, completed, complied with and abided ~iy, then in either w a~y such event the said a¢
gregate wm mentaned in said promissory note then remaining unpaid, with inures~ accrued, and a11 moneys secured hereby, shall become due ard pay-
able forthwith, or thereafter, at the option of said MORiGAGEE, as fully snd completeiy as if a~l of the said sums of rtwney were o~iginally st~putated
to be paid on such day, anything in sa:d promiuory note or in this Mortgage to ths contrary notwithstanding; and ~I+ereupon w thereafter at the option of
said MORTGAGEE, withouf notice or demand, suit at law or in equity, the~efwe or thereafter begun, may be prosecuted as if all mo~eys secured hereby
had matured p~~or to its institution.
7. Thst in the event that at the beginning of or at any time pending any suit upon this Mo.tgage, or to fweclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Courf having jwisdiction thereof fw the appointment of a Reteiver, suth Carrt shall
Fathwith appoint a receiver of said mortgsged property al~ snd singulsr, includ~ng all u+d singular the income, profits, iuues and revenues from whatever
source de?ived, each and every of which, it being expreasly understood, is hereby mortgaged as if speci(ically set fwth and desuibed in the granting and
habendum dauses hereof, and such Receiver shatl have all the broad and effettive funct~ons and powers in anywise emrusted by a Court to a Reteiver, and
wch appoi.~tment ahall be made by svch Court as an admitted equity and a matta of absolute right to said MORiGAGEE, snd without reference to the
adequaq w inadequacy of the value of the property mortgaged w to the sotverxy a i~solvency of said AhORTGAGOR or the defendants, and that svch
rents, profin, income, issues and reve~ues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice o( such
Carrt.
8. To duly, promptly and fully perform, diuharge, execute, effett, complete, comply with and abide by each and every the stipulations, agreements,
conditwns and covenants in said promissory note and this rtartgage set fath.
9. That in the event the ownenhip of the mortgaged premises, a any part the~eof, becomes vested in a perwn other thao i~a `:ARTGAGOR, the
MORTGAGEE, its successws and auigns, may, without notice to tF~e MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and the debt hereEy secured in the same mannet'as with Nbrtgagw without in any way vitiating or dixharging the Martgagors' liability here-
under a upon the deb+ hereby secured. No sale of tF+e premises hereby mortgaged and.no forbearance on the part of the MORTGAGEE w its successors
or auigns and no eate~s~on of the time fw the payment of the debt hereby secured given by the MORTGAGE~ o~ its successors u suigns, ahall operate
1o rdease, d:xharge, modify chanpe or affett the original liability of the MORTGAGOR here7n, either in whole or in part.
10. It is speufically agreed thst time is of the essence of this contract and that no wsiver of any obtigation hereunder or of the obligaYan sr
cured hereby shall at any time the~eafier be held to be a waiver of the terms hereof a of the instrument secured herby.
11. In add~tio~ to the forego:ng monfhly payments of prin~ pal and i~terest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to m.o:tgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes tevied~w auessed againsf the above desaibed real estate.
B-P~em~ums on fire and windstorm insurance as herein req~~red to be wrried on the ~mprovements situate on the above described premises.
C-Premiums on such mongage guaranty insurar.ce as mwtgagee shail from t+me ro tima deem fit to carry on the loan secured Fiereby.
I Nbrtgagee sha'1 from time to time no:E:`~ mwtgago~ in writing of the amount due and parable herounder and such sum shall therevpon be due end
payable on the due date of the next rtwnthly paymenf and each successive month thereafter until mwtgagee shall notify mortgagor of a change in such
amount. Such sums shail be applieei by mortgsgee toward tF~e payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance
premiums. •
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the year first afor i
' ned, Se+led d deli in the prescnce of:
~ ry
aq
~
•~iti( Q~.e/ See~
ae.n
~
STATE OF FLORIDA ~
' ST• UKIE u'
courm oF
defae me persorwlly appea~ed Tho~as Rhyant and Odessa Rhyant * his ~vife a„d
Fred Ithyant, a single ad~llt i~, to me well krawn and known to me fo be
the ind~vidwls desuibed in and who executed the for ng instrument, ar?d ~cknowledged before me thst they executed the same fw the purposes
therein expreued. And *he ~~a Odessa Rt
yant
wife of the ~~d Thoaas Rbyant ~ P;
u a rafe snd ~vat~
examinatan by me taken separote and apart from he~ said h~sband, acknowledged to snd before me that ahe executed said instrument freety and volurr
tarily and withovt any compulsion, constraint, apprehension~r feu of or from her ssid h~sband.
WITNE55 my hsnd and official seal thi~ l~ day of A. D. 19~_
i
Noury Pub' n ~nd fw the~
f Florida at 1ar
My Comm' ion acpires: 6 /Q'1 ~
Return To: ' • ~
fint Feder~l Savings d~ Loan Assotiation ' ,,t:t~NU1i.; - .
Of Fort Pierce. .'.i~ : . , :.-t_ Ot floG~3 at ~JtQ! f
Fort Pierr_, Flwida . J`~v` `~~••~~~i . .j ~BCdi.;t~,10i! ~7ljllf2i b. ~n
. ••'•~?~~i~ ~d~CAW~f~~~~.~~_
~ v-. ~ F~LEO AN RECORD -
_ ~ ~ ~ _ ST. LUCI ~ ED-
This Instrument Prepared By Wa. B. Braun: p j G?s - C~£R1
YED~A~
First federal Savings 8~ loan Association J,:: _ r.
• of Fort Pierc~ Flozida ; ~ ~ Q ' ~ ~-88~99
, , ~ - Z~ . 52
' l~_ JAN
Checked By ~ _ « ; . ~ - PM Z .
~ ~~P~~
~ BQOK
k 1v~ PAGE1~~~ ~LFRK~~CIRCUIT COURT:
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