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HomeMy WebLinkAbout2237 3. To place and continuously keep on the bui!dings now a hereafter ~ituate on said Isnd and on all equlpment snd peisonally covered by this mortg- sge, with all premiums thereon peid in full, fire insurance in the usual standard polity form, i~ a s~m approved by the MORTGAGEE, and windstorm insurance in tha usual standard pol:cy form, in a sum approved by thr MORTGAGEE, in svth company or ca*~pan~es as the :~ORTGAGEE may dired; and all fi~e and w~ndstorm insurance policies on any of said build~ngs, any interesl therein or part thereof, i~ the aggregate sum afwesaid or in excess the-^of, thal{ contain the usual standard mortgagee clause w such othe~ clause as the Mortgagee may requ~re, making ihe ioss unde~ sa~d poli- ciea, each and every, payable to said MORTGAGEE as ils interest may appea?, and each and every suth poticy shatl be promptly ass gned a~.d delivered to any held by sa~d MORiGAGfE as furrhr~ security to said mortgage drbt, and, not less than ten (10) days in advance ot the expirat~on of each policy, to de- liver to said MORTGAGEE a renewal thereof, toge~her with a receipt for the premium of such renewal; and ~here ahall be no f~re or v.indstor~n insurance ptaced on any of said bvitdings, any interest there~n or part thereof, unless in ~he form and with the ~oss payable as aforesaid; and in tFx event any sum of money becomes payabte unde~ suth poliq w polic~es said MORTGAGEE shall have the option to reccive and apply the sarne on account of the indebted- neas secured hereby or to permit said MORTGAGOR$ to reteive end use it a any pa~t ther~of fo~ omcr purpcses, tivirho~t ~h_r~ut tivaiwi.~g cr unpair- ing any equity, I~en or right unde~ or by vi?tue ot this mo::gage; and in ~he event sa~d MORIGAGORS shall for any reason fa~l to keep the sa~d premisrs so inaured, or fail ro deliver promptly any of said po~icies of insurance to sa~d MORTGAGEE, or fail promptly to pay fulty ar~y pre~»ium Iherefw w in a~y respect fail to pe?form, d~scharge, e:ecute, effect, complete, comply w~th and abide by thls tovenanl, or any part hrreof, said MORiGAGEE may place a~.d pay fw such insurance o~ any parf thereof without waiving w affeding any option, lien, equity, or right under or by virtue of th~s hloregage, and the full amount of eath and every tuch payment ahall be immediately due and payable and shall bear interest from the date thercof u~til paid at the rate of nine per centum per annum and together with such interest shali be secured by the lien o1 thia mortgage. 1. To permit, commit ot sufFer no waste, impairment w deteriorafion of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAG'E, because or in the event of the failure'on the part of the said MORTGAGOR to duly, pranptly and futly per(wm, dixharge, execute, etfect, complete, comply with and ab:de by each and every the stipulatio~s, agreements, conditions, and covenants oi said prom~ssory note and this f matgage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immed~atety due and payab:e; wherher w not thare be notice da ~ mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bear interest from the date thereof until paid a1 the i rate of nir.e per cenwm per annurn; arw all said costs, charges artd exprnses inturred or paid, together wJh such i~terest, shall be secured by ~he lien of th~i ~ mortgage. b. That (a) in the event of any breach of this Mortgage or default o~ the part of the MORTGAGOR, or (b) in the event any o(~sa[d sums of money herein referred to be not promptty and fully paid within thirty (30) days next aiter the same severatty become due and payabte, witFaut demand o~ notice, or (c) in the event each and every the stipulations, agreements, ~onditions a~d covenants of sa:d promissory note a~~d th~s morigage any w either are not ~uly, promptly and iuily performed, d~schargrd, exxuted, effected, completed, complied with and abided 5y, then in e~ther or any such event the said ag ( gregate sum mentioned in ~aid promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, o~ thereaiter, at the option of said ti10RTGAGEE, as fully and completely as if all of the said svms of mor.ey were or~ginally stipulated } to be pa+d on wch day, anything in sald promissory note or in this Mwtgage ro the contrary notwithstanding; and thereupon or thereafter at the opnon of ; said MORTGAGEE, without not~ce or demand, suit at law w in equity, therefwe or thereaiter begun, may be prosecuted as if all morteys secured hereby ~ had matured pr~or fo ~ts institution. ~ 7. That in the event that at the beginning of w at any time pending any suit upon this Mo:tgage, or to foreciose it, or to reform it, or to enforce payment of any ciaims hereunde?, said MORTGAGEE sfiall app~y to the Coun having jurisd:csion thereof fo~ the appo~ntment of a Receiver, such Court shall ~ Forthwith appoint a receiver of said mortgaged prooerty all and si~gular, includ~ng aU and singular the income, profNs, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set forth and described in the granting and 3 habendum cla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cou~t to a Receive?, and s~ch appointment shall be made by svch Court as an a~mitted equity and a matter of absolute r~ght to said MORTGAGEE, and wirhout reference to the adequacy or inadequacy of the val~e of the property mwtgaged or to the sotvency or insotvency of said MORiGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the iien w equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulty perform, discharge, execute, effect, complete, comply with and abide by eath and every the stipufatio~s, agreements, conditwns and covenants in sa~d promissory note and this mortgage set forth. ' 9. That in the event the ownership of the mortgagetJ premises, a any part th reof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR,• de~yv~th such succeuor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiati~g or d~xharg~ng ihe Mortgagors' Iiability hero- j ' under or upon the debt h~reby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part oi the /dORiGAGEE or its successws k or assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, anall operate f ~o release, d~scharge, modify change or affect the orig~nal lia6il~ty of the MORTGAGOR herei~, either in whole o~ in part. i ~ 10. It is speuficatly agreed that time is of the essence of this contract and that no waiver oi a~y obligation hereunder or of the obligation se- ~ cured hereby shalf at any time thereafter be held to be s waive? of the terms hereof or oi the instrument secured herby. ~ ! 11. In add:ticn !o the forego~ng month!y paym~ms of prir.c pa) and interest required by the prom~ssory no!e secured hereby, mortgagor tovenanis ~ and agrees to pay to mortgagee v~ith each monthly payment an add~rional sum esnmated by mortgagee to 6e equal to 1.' i2 of the annual cost of the fol{ow- ( ing: A-All real property taxes teviec' or assessed agaiast the above described real estate. B-Pr~mi~;ns on (ire and w~ndsto~m insurar.ce as here~n requ~red to be carried o~ the improveme~ts situate on the above desvibed premises. C-Premiums on wch mo,tgage guaranty ir.surar.ce az mortgagee shall from. t~me to time deem fit to carry on the ban secured hereby. Mortgagee sh~:! '.rom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payabte on the due date of the next monthly payment and each successive month thereafrer untit mortgagee shalt notify mortgagor of a change in such amo~nt. Such sums shail be applied ~y mortgagee toward the payment of reat property taxes, insurance prem:ums, a~id mort~age guaranty insurance premiums. IN WITNEyS 'NHEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sg Se e and liv 'n ~e e e of: , C~i,~/ ~Witnesses as to the sig- ~ ~~ai~ ~nature of Ralph A.Cooper ~~~n itnesses to the signature ~s L~~~ ~s~aq )of Barbara A. c:ooper es~,n STATE OF FLORIDA ~ COUNTY OF ~~~Q~~ DADE ~ ~ ~ Before me penonally appeared Ralph A. COO~I ~«k J410fiXe, to me well known and known to me to be the individual~ desuibed in and who executed the foregoing instrument, and acknowledged befwe me that )hy executed the same fw the purposes therein expressed. ~ ~ ~ WITNE55 my iwnd and officisl seal thi da „pf eb= r A. 0. 19_ZQ ~ , ~io RECORO~u ~ EOUN~Y.- ~ G . i, . ~ ~ ~ ~~--t-tj'~1~: ~~.tyT~`' ot ublic in and for ate of Floridi ~1.L~t~,`' a ~ ~'-t flt=:-='~"'~ My Commission expires: - ~ Retum To: - - ~ Fint Federal Savi s S toan Association , ffiU1 i ~ ' 1 i . ~ r . ::t ,yi .i~l~ = _ ~ Of Fof P~eree. ti~Y L. y .1: . - ; '_'a....:,L/„3~~1 ~ L~ . }e s~.., ..~c,~ s , w. ..~ca p~ ~ Fort Piorce. Florida 1~ ~J~ , ' - i - - . ~.l / ~ ..-L~:,.'~~%~J _ _ .s~ . .•T rpUR • ~ T ~ ~ ~O~ PIICE~N~vt~ , ~ This Instrument Prepared ~y~~,~ ~(~i ; `~b~lins dQOK v . ~ First Federal Savings & loan Asstlcia ~o`~" n~ • of Fc~~ Pierce~ FlOrid2? _ _