HomeMy WebLinkAbout2877 3. To place and continuously keep on the bui!dinga ~ow ur hereaiter ~ituat~ o~ said land and on +~I equipment and personally covered by thit mortg
ps, wi~h all premiumt thereon pa~d in fuil, fire iniurance ~n the usual s~anderd policy form, in + sum aHproved by ~he MOR~GAGEE, and winditorm
insurance in the usual s~andard po~~cy fwm. in • sum epproved by 1he 11M1ORTGAGEE, in tuch company or companies a~ the MORTGAGEE may
dirett; and ~II fir~ and windstorm insurance policies on any o( said build~nyi, any inttr~st therein or part thereot, in the a99~ega~e sum afaesaid or
In eacess ~hereof, ihall conrain ~he usual standard matgagee clauie or such o~har clsuse ~s the Mor~9~gee mey requ~re, maMing the ioss under ~a~d po~i-
cies, each and every, payabte to said MORTGAGEE +s its interest may apNo+r, a~d eech and every such pol~cy shall be prompriy ais gned and delivered ~o
•ny held by said MORTGAGEE as furthe~ saurity to iaid mwtgags debt, and, not leu than ten (10) day~ in advance of the expirat~on oF zach policy, to dr ~
I~vs~ to said MOR~GAGEE a renewal thereof, togethe~ with a receipt fw the premivm of such renewal; and there shall Ee no f~re or windstor~n insurance f
placed on ~ny of said bvildings, any inte~ett therein or part thereof, unless in the form and with the loss payable a~ a(aesaid; snd in ~he event any sum
of money becanes payable under such poliq w polKies ~aid MORTGAGEE shall havs ~he option to receive and applr the sa~ne on account of the i~debted-
~~s secu~ed hereby w to permit sald MORTGAGORS ro receive ~nd ust i~ w any part thereof ia o:i~cr purF-.cses, .•+~~hout ~h~~.b~ w~~~~^~ or ~~„pa~r-
ing any equity, lien w righ~ under or by virtue of this mortgage; and in the event w~d MORTGAGORS shaYl tor any reason fail to keep tne sa~d prr~n~sas su
insured, w fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay tutly any pre~»~um theretw or in any
respect fail to perform, discharge, execute, effect, complete, comply with snd abide by this covenant, a any par~ hereof, aaid MO~TTGAGEE may pface and
pay fo~ such insurante or any part thereof w~thout waiviny or affecting any option. lien, equity, or ~~gh~ unde~ a by virtue of this Matgage. and the
full amounl of each and av~ry such payment shal( be immedistety due snd payabte and shaN besr interest frwn ehe date ~heaeof w~~~! p~~d at tha +ats o1
nine per centum per annum and to~ether wi~h such interest shalt be aecured by the lien of this matgage.
1. To permit, commit or suf(er no waste, impairment o~ deterioration of uid property or sny part thcreof.
S. To pay all and singulu ths costs, chargea snd expenses, including a reasw~able attorney's (ee and costi oi abstrads of title, incurred or paid a~
any time by said MORTGAGEE, becaux or in the event of the fa~lu?e on the part of the said MORTGAGOR to duly, promptly ar.d fu~ly perform, d~scharge.
execute, effect, complete, comply w~th and eb:de by each and every the stipula~~ons, agreements, cor+d~tions, snd covenants of sa~d prom~ssory note and ~his
,w.y~_ _..p :;.~.e., ~.,:e4; ~I.~.~K and sYOenses: each and everyr. shall be immediately due and payable; whe~her o~ not there be nonce de
mand, attempt to colled or suit pend~ng; and the full amount of each snd every svch payment shall bea. interest from ~ne da~e ~nereoi untii pa~d al Yne
rate of nine per cent~m per annurn; and all said costs, chargcs and eapenses incurred w paid, together w~th such interest, shall be setured by the lien of this
mwtysge.
6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) in tFie event any oi sa:d sums of money
herein referred to be not promptly and (ully paid within th~rty (30) days ~ext after the same severatly becane due and payable, without demand w ~onte,
or (c) in the even? each and every tF+e stipulations, agreements, cond~tions and covenanis of :a:d p~o.nissory notr and th~s mortgage any or either are nol
iuly, prompfly and futly per(wmed, dixhargad, execufed, elfected, completed, complied with and ab~ded by, t't~en in eitner w any svch eveni 1ix sa~d eg-
gregate sum mentioned in said promisswy note then remaining unpaid, with i~terest accrued, and afi moneys setured hereby, shall become due and pay-
able fwthwith, o~ thereatter, at the option of said MORTGAGEE, as fully and complete~y as ii all of the sa~d sums of money were orginally s~~pulated
to be paid on s~ch day, anything in said promisswy note or in this Mwtgage to the contrary notwithstanding; and thereupon a thereafte? at the option of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefwe w tF?ereafter begun, may be prosecuted as if al! moneys secured hereby
had matured pnot to ~ts institution.
7. That in the event that at the beginnirg of or at sny time pending any suif upon this Matgage, o~ to forectose it, or to reform it, or to enforte
payment of any tlaims hereunder, said MORTGAGEE shall apply to fhe Courl having ju~isdictio~ thereol fw the appointment of s Receiver, such Cout1 shall
forthwith appoint a receiver of said mwtgaged property all and singvlar, includ~ng all and singular the income, p~o(~ts, iasues and revenues from whatever
source derived, eath and every of which, it being exp?essty understood, is hereby mortgaged as if spe!~fically set fo~th and dex~ibed in the granting and
naberdvm cla~ses hereof, and such Receiver shall have all the broad and effecrive fu.^.ct:ons and powers in anyw~se entrusted by a Court to a Receiver, and
such appointment shatl be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and withoul reference to the
edeq~aty or inadequacy of the va~ue of the property mortgaged or to the sotvency or inso~vency of said MORiGAGOR a the defendants, and that such
ren~s, profits, irxome, iasues and revenues shall be appl~ed by such Receiver according to the lien or eqvity of said MORiGAGEE and the practice of such
Court.
8. To duly, promptly and fully pe?form, discharge, execute, eifect, mmplete, comply with and abide by each and every the stipulations, agreements,
conditions and covenaros in sa~d promissory note and this mwtgage set forth_
9. That in the event the ownership of the mortgaged premises, or any part tnereof, becomes vested in a person other than the MORiGAGOR, fhe
MORTGAGEE, its successors and assigns, may, without no~ice to the MORTGAOR, deal with such successw or successor in interest with reterence to this
mortgage a~d the debt hereby secured in the same manner as with Mo~tgagor without in any way vitia:~ng or discharying the Mortgagors' liability hert
under w upon the debt hereby secured. No sale of the premius hereby mortgaged and no forbearance on the part of ~he MORTGAGEE or its successors
or auigns and no extension of the time fw 1he payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, shall operate
to release, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole o? in part.
10. It is speufically ag?eed that time is of the essence of this contract and that ~o waiver of any obligation hereunder or of the oblgation se-
cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add~tion to the iwego:ng monthly payments of princ'pal and inserest required by the prom#ssory nore secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payr:,ent an add~rional sum esnn,ated by mortgagee to be equal to 1~' 12 oi the annual cost of the follow-
ing:
A-AI4 real p~operty t: xrs levied or assessed against the above described real estate. •
B-Prem~ur:s on fire an~~ windstorm insurance as herein requ~red to be ca~ried on the improvements situate on the above described premises_
~ C-Premiums o~ such mon_;ge guaranty insurar~ce as mortgagee sha(1 from. t~me to time deem fit to carry on the loan secured hereby.
4 Mortgagee shail 4rom time to time notify mor)gagor in writing of tlx amount due and payab~e hereunder and such sum shall thereupon be due and
~ Fayable on the due date of the next monthly payment and each successive month thereafter uc.til mortgagee shal! notify mortgagor of a change in such
~ amount. Such sums shall be app!ied by mortgagee toward the payment of real property tazes, insurance prem,ums, and mortgage guaranty insurance
i '
E p+emiums.
E
i IN WITNESS WHEREOF, the said MORiGAGOR has hereunto set his ha~d and seal the day and year first afwesaid.
~ igned, Sea!ed and de 'ver in the presence of:
~ ! / sI'
(Sesn
~ 5esq
~ - - - tSeaD
STATE OF FLOAIOA ~
S5.
COUNTY OF i ~ ~
~ Befwe me personally appeared J~ S C• B ar tell a~ '
~ Eaztna Lee Bartell his wife, to me well known and krawn fo me to be
~ the individwb described in and who executed the foregoirg instrument, and acknowledged before me that they executed the wme for the purposes
~ rherein expressed. And the said Eartha Lee Bartell
~ wife of the said .j~ID~ C. Bartell upon a separate and priv+te
~ examinatwn by me taken separate and apart from hrr said husband, scknowledged to and befwe me that she executed said instrument freely and volurt-
~ rarily and without any comFulsion, constraiM, apprehension, r fear of w from her said husband.
~ WITNE55 my hsnd and official seal this day of F br r A. D. 19_~_
~
_ N a Public in and fw the State of F{orida at large
- ~ My Commiuio~ expires:
~ Return To: '
~4 first Federal Savings d~ loan Associat~on ~~~~~~~~+4f~~~ --NOIAk! PU3liC~ STATE QF RORIWI AT LAR6E
t-t~~'.~ _.'~g~~_~~f11f:COMMISSION EXPIRES SEPT. 23, 1973
: Of Fort P~erce. y`~~2 4~~
V- TMQV f~ ~~fS~~~
Fort Pierce, Florida ~ r . ' . ~ '
~ ~r r. ' - v : RECOROEO
~j :
•-.4 . v _~t
: : FlLEO AND
°G ' J' c ~ CI C^UNTY. FLA.
"~=:.:.,~;:r :~J • L'-1 : :Z.~ffC
. '
This Instrument Prepared By Wm. fi.Bz~t~3 • 4:~ ~ 18~~11
, : First Federal Savings b Loan Association ; ~ ~ J = . ~
. O
~ of Fort Pierce ~ F lorida ~•~''r.,~,= •"Q %<<'~: . [ Qil~ 3•
e~ Lf~ . ~?11 f:~ ~
~ • _ .
~ ~ . C 1
" Checked By .T.- . ~'y-j~•`
~ ~ ~ • ` , 1~ ~ `I~~ ~N.S
BOOK1~2 P~L~~~b9 ~~~~.~;.;:~:.LI CaURT
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