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HomeMy WebLinkAbout2881 3. To place and conti~uously keep w? the bui:dings now a hereaftK i~tuat~ o~ sa~d ~and and on a!t eq~ipment and personally covered by thit mo~t¢ ~g~, wi~h al) piem~ums fhercon pa~d in full, iire insurance in the usu~t etandard poticy fam, i~ a sum approved by ~he MORfGAGEE, and winds~am insur~nca i~ the usual irandard pol;cy fam, in a sum spproved by the MORTGAGEE, in i~ch company o~ tompanies as Ihe MORiGAGEf may diresl; ar+d atl firs and w~ndsrorm insura~e policie~ on any of sa~d build~ngs, a~y interest there±n o~ part lhereof, in 1he aggregate sum ~foresaid or in exceu the~wf, shall contain the usual standard mw~gage~ clause or such othe~ clause u tM Mortgagee may requ+rs, ma?iny the loss undN sa~d poih cies, each and every, payable ro aaid MORTGAGEE ~s its interest may appear, end each and eve+y :vch policy ihall be promptly au-g~ed and delivered to ~ •ny F?eld by uid MORTGAGEE as fu?the? seturity /o uid morl9age debt, and, not tess than ~en (10) days i~ advance of the ezpiratlon o( esch policy, to de- ~ liver td s~id N40RTGAGEE a reMwal thercof, logether vrith • receipt fw Ihe premium of such renewal; and ~here ahall be no (~ie or windstor~n insurance plxed on sny of said build~ngs, any intcre~t therein w part rhereof, ~nfez~ in the form snd with the lou payable ai aEoresaid; and in the event any sum ef n+onsY betwnes payable under iuch poliq or policies isid MORTGAGEE ~hall havs the option to receive and apply the ume on accouM of the i~debted oeu secured htreby o~ to permit said MORiGAGORS ro receive and ute it a any part the:eof ior ahe~ purposes, ti.;~hout Ih.rsu/ wa~~i~i~ o~ ~mpair- a~y equiry, lien a right under or by virtue of this mor!flage; and in the event iaid MORTGAGORS shall fw any reason fail to keep 1he iaid premisrs so insured, a fail to deliver promptly any of said polKies ol iniurance to said MORTGAGEE, or (ail promptly to pay fu~ly a~y pre~nium ~hereFor ar in a~y } respett fail to patorm, discM~ge, exccvte, elfect, tamplete, comply wilh snd sbide by this cove~anl, or any part hereo(, saed MORTGAGEE may place a~~d i pay fa tuch insura.xe w aoy part thereof withoul w~lvirg o? affac?inp a~y opt;on, litn, equity, o~ ~igh~ undeH or by virtue oi th~s Mor~gage, ~nd the full amou~l of eath and evtry suc~ payment sfistt be immedistelp due snd parabb a~d shall biar insesc,st trom the date thcreof until paid et the_ rota o~ nine per centum per snnum and to~ethe~ with such intuest shali be secured by the lien of this mortgage. 1. To permit, commit a s~ifer no wute, impairment p deferioration of ~~id p?ope~ty a ~ny part thereof. 5. To aay all and sirgulu the costs, charges and expenus, includiny a reaso~able atta~ey's fee a~ costs of abstracts of t~tle, incurred or pa~d at any time by iaid MORTGAGEE, because a i~ the event of the fa~lure on the par? oi the said MORTGAGOR to duly, promptly and fully perfwm, d~scharge, execute, effet~, complete, comply with and ab:de by each and every the stipula~ions, agreements, conditions, and tovenants af said prom~ssory note and thii mortgage any o~ eithei, and sa~d costs, chsrgcs and eapenses, each and every, shatl be immediatety due and payabte; whethe~ or not there be no+;ce dr mand, sttempt ~o collect or suit pend~ng; and tM tull amount of exh and every auch payment shall bear interes~ from the data thereof until p~id at the rate ot nine per tentum per annum; ant! afl 3aid costs, charges and expensea irxurred or paid, togelher w~th such interest, shatl be secured by the lien of thi~ ~ mort~sgs. b. That (a) in the even! of any breach of this Mortgage w default on tir part 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 ~ext after the same xverally become due and payable, wiihout demand or notice, f or (c) in the event each and every the st~pularions, agreeme~ts, cor~d~tions and covenanq of sa~d prom;ssory note and ~h~s mortgage a~y w either are not ~ ~uty, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied w;th and abided by, then in e~ther w any such event the said ag g~egate sum rtxntioned in said p~omissory note then remaining unpald, with ioteresi accrued, and aii rtw~tieys SECUroa~ Ficte~y, tha:: .,heccrrse dut gr.d pay- ~ abte forthw;tb, u thereafter, at the opnon oi sa~d MQRTi~Ai3EE, as fuiiy aad CanN~rteiy as :t at~ 4f she said s~:r:s o! rrone; :~_rr e~~g~~a!!y st;p~;ar~ ~ to be pald on such day, anything in sa:d promiuory note or in this Matgage to the tontrary notwithstanding; and there~pon or thereaft~r a~ the option of said MORTGAGfE, withovt notice or demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby had maWred pnor to its institution. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgsge, or to .fweclose it, or to reform it, or to enforce paymero of any daims he~eunder, said MORTGAGEf shatl apply to the Gowt having ju~isd;uion theieof for the appo;mment of a Receiver, such Courl shall Forthwith sppoint a receiver of said mortgaged property all and singvta?, includ~ng all and singular the income, profits, issues and revenues irom whatever j source derived, each and every of N,h~ch, it be~ru~ expressly understood, is hereby mortgaged as ii spec~fically set torrh and dexribed in the 9ranr;ng and ) habendum c)euses Aereof, and such Receive~ shall have ~II the braad and effective funct~ons and powers in anywise entrusted by a Court to a Reteiver, and s~ch appointment shall be made by such Court as an admitted equity and a matte~ of absolute right to said MORTGAGEE, and wiihout reference to the edequaq o? inadequacy of fhe valve of rhe property mortgaged or to the soivency or inso!vency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuua and revenues ahall be applied by such Receiver according to the lien w equity of said MORTGAGEE and Ihe practice of such ~ CouA. 8. To duly, promptty and fully pcrtorm, diuharge, execute, effect, comptete, comply with and abide by each and every 1he stipulat'~ons, agreemenls, ~ conditie~s and covenams in said promiuory note and this mortgage set forth. - 4. Thal in the event the pwnership of the mortgaged premises, oa any psrt thtreof, becomes vested in s person other than the MORiGAGOR, the ~ MORTGAGEE, its successas and assigns, may, without notice to the MORTGAOR, deat wi~h such succeuor or successor in enterest with referertce to this mortgage and the debt hereby secur~ in the aame manner as with Mortgagor without in any way vitiating or dixha~ging the Mortgagors' liability here- ~ under ar upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its succeswrs or assigns and no extenszon of the time fo. the payment of the debr hereby iecured given by the AM1ORTGAGE~ or its successws o~ au~gns, siiall operate to release, d~scharge, modify change or affect the orig;nal liab~lity of the MORTGAGOR herein, either in whole or in psrt. 10. It is specifically agreed that time is of.the easence of this contrad arx! lhat no waiver of any obligation hereunder or of the obiigatan se- cured hereby shaN at any lime thereaFter be held to be a waiver of the terms hereof p of !he inst~ument setured herby, 11. !n add~tion to the fwego:ng monthly payments of prin~ pal and interest required 6y the promiswry no!e ucured hereby, mortgagor covenants and agrees to pay lo mo:tgagee vvith each monthly paymeM an add~tional sum estimated by mortgagee to be equal to 1 J 12 of ttee annual cost of the follow- ing: A-Atl real property taxes levied or assessed against the above dest~ibed real estate. B-Premiu~ns on fire a~d windstorm insurance as herein requ~red to be carried on the improveme~ts sitvate on the above described premises. ~-Premiums on such mwtgage guaranty insurante as mortgagee sha{I from time to time deem fit to carry on the loan secured hereby. Mwtgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shafl thereupon be due and payable on the rlue oate of the next monthly payment and each successive month thereaiter ur,lii mortgagee shall notify mortgagor of a cha?ige in such amount. Such sums sHa~l be applied by mortgagee toward the payment of real property taxes, i~surance prem:ums, and mwtgage guaranty insurance ~ p~emiums. ~ IN WITNE55 YIHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afocesaid. ~ ; S~gned, Sealed and delivered in the presence of: s ~an ~ a~ ~ ~ dti~ ~ i ~n t~ap : STATE Of FLORIDA ~ $T . ~C I ~ COUNTY OF Before me penonally appeared Cleo Robin.son a~ Eula Mae Robinson his wife, to me well known and known to me to be the individwls desvibed in and who executed the faegoing instrumeM, ~nd acknowfedged befwe me that they txec~ted the same for the purpose~ therein expressed. And the said ~13~a M21Q Robinson w'rfe of the said C1Q0 Robinson vpon a separate snd privste ~ examinat7on by me taken separate and apart from her said husband, acknowltdged to and befue me that she exetuted said instrument freely end volun- 1 rarily and without any compuls"wn, constraint, spprehension, w fear of w from her said hus6and, i WITNESS my hand and official seal this ~'S~ ~ dey of ebruaz ~ p 1970 ~ # i Maary Paiblic in and for the Stats of Fbrida ~t lsrge MY C.~mi~sion expires: Return To: ~ ~~~tt~~tNtl Fint Federal Saving~ d~ Loan Association _~I~~j,,,~:-::' S~.dt W tl.,.:~JA A1 Ll~(~E j Of Port P~erce. Z~~~~~.:s ~lw~~i~~MMISStOPI EXPIRES SEPT. 23, 1973 t • ~C . ~ ,~OIy1Ep Eltlatsi Forf Pierte, Florida ~ •~,-F._ ~ .~%=w~ r}~ f ~ ~~T : •,~::o~~, : J; FILED aN0 RECORDED~ - .~r.; ~ S'+, ~UCIE CQUNTY. FLA. ~ t: • ~ F-~ ~r~pn ~~c:~~~:EQ ~ = ~-,;:ra _ - - This Instrument Prepared By E. Braufi~ ~ f~ ~ ~g~~13 ~ First Federal Savings 8 Loan Associafion ;y~ ~,~-i~.~_Q lv,:` ~ of Fort Pierce, Flozida f,,,,~z;;::::::.~ ~lp FEE I 6 PM 3: 2! Checked By ;J~ ~~'N~:,,,,~~~~?J'''~` E~!!!" ~ . t_ _ ,1~: ~ : ~ ~'O~i; H S BOOK~~2 Pb~f2~i3 CLEF~K rIRCUIT COURT ~ . . . ~ ~ _ ~ _ _ _ _ _ ~ _ ~ y_ ~ ~ ~ , _ _w . . _ .