HomeMy WebLinkAbout0270 3. To place and continuously k~ep on tM buitdin9i now w hereafta situate on aaid Isnd and or. all equipmenf snd penonally covered by this mortg~
~gs, with all premiums the~ton paid in full, fire insurance in Ihs usual staidard poli~y fam, in a tum ap{xoved by the MORiGAGEE, and wi~dstorm
insurance in tF?a usuai ~randard poliq fwm, in • sum approved by ths MARTGAGEE, In iush company or companies a: the MORTGAGEE may
direc~j and al) fira and w+ndsto~m insurance po~icia~ on any of said build~np~, a~y intere~t there~n or part thereof, in the aggreyata aum afwetaid w
in excess lhereof, shall co~tain the usual slarnlard rtwrtgsgee clause w such other clause ae the Mo.tgagee may requ~re, making the loss unde~ sa~d po1F
cie~, each and evary, payable ro said MORTGAGfE as itt intertst may appear, and each and eve~y such poticy shall be promptly au.gned and dativsred to
any held by said MORiGAGEE as (u~~tu~ security to sa~d mortyage deb~, and, not leu than ten (lp) days in sdva~ce of the expir~tion of cach policy, to d~-
liver to uid MORTGAGEE a renewal thereof, to9ether wi~h • reteipt fo~ Ihe premium of s~th renewai; and ~he~a shall be ~o f;re o. windstam insu,ance
plated on any of sa;d build;ngs, any interest therein or parl thcreof, unless in tha ~am and wi~h tF~e toss payable as aforesaid; and in 1he event any ium
of money becomes payaple under such policy w pol~cies wid MORTGAGEE shall have the option to receive and apply the same on ~ccount of the indebted-
neu setured hereby w t0 permit said MORTGAGORS to receivs and uie it a any paq thereof Iw other purposes, wiihout tharen/ waiving or ~mpair-
ing any equity, lien w righl under ot by virtus of this mo:lgaye; and in 1he evem sa~d MORTGAGORS shall fO? any reason fail to keep the' sa:d premius w
insured, or fail fo deliver promptly any of said policies ot insuranca to sa~d MORTGAGEE, w fail promptly to pay fully any premivm the~eioi o? in any t
?espect fail to pe~twrt~, discharge, execvte, effect, tomplete, compty with and abide by this covenanb a any pa~t hr~eoi, aaid MORTGAGEE mey place snd
pay Ior such iraurance or any parf thereof without waiving or affecting any option. lien, equity, w r~ght under o~ by virtue of ~his Mortgage, ~nd the
full amount oi each and every :uch payment shall bs ;mmed'estely dvs and payable and shall bear interesl from ths date thcreof until paid ~t the rate ot
nine per centum per annum and to~ethe~ witA such interest shall be secured by the lien of this mongsge.
4. To permit, commit or suffer no waste, impairment w deteraration of said property or any part thereof. •
5. To pay all and sirpulsr the cwts, charges ~nd expenus, including a reasonable attwney's fee and costs of abstracts of titfe, incurred or paid at
any time by said MORTGAGfF, becavu a ie the event of the faiiure on tF~e part of the said MORTGAGOR to duly, promptly and fully perform, d~uha~gR
ezecvte, effet~, complete, ~omply with and ab:de by each ~nd every the stipulations, agreements, cond~tions, and covenants of said- promissory note and this. ~
mortgape any w e;~he~, and u~d cosb, chsrges and expenses, each and every, shalt be immediately due and paysble; whNl~e? or not tAere be notice d~
mand, attempt to collect or tuif pending; end the full amount of each and every ~uch payment ihall bear interest f~om the date thereof until paid af the
rate of ni~e per cent~m per annum; and all taid tosts, charges and expenses inturred or paid, together w~th such i~terest, shaU be secured by rhe lien of thit
mortpaqe, .
b. That (s) in the evenf of a~y brcach of this Mwtgags w default on the part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money
herein refe~red to be not promptly and fully paid withi~ thirty (30) days next afte~ ~h~ same severally become due and payabte, without demand or notice,
or (cj in the event each and every the stipulation~, sgreemenri, condirions and covenants af sa:d promiuory note aMl th~s mortgage any w either are nol
~uly, promp?ly a~d fully perfwmed, d~schuged. exetuled, effetled, completed, compl'~ed with and abided yy, then in either or any such eveM tF?e said a~
gregate sum mentioned in said promissory note the~ remaining unpaid, with interest accrued, and all moneyi setured hereby, sha!! become dw snd pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as fvlly and completely as if all of the said sums of money were wiginally st~pulatcd
to be paid on such day, anything in sa;d promiuory note a in this Mwtgage to the contrary notwithstanding; and thzreupon or thereafter at the option of
said MORTGAGfE, wirhout notice or dcmand, w;t at law a in equiry, tl~erefore or Ihereaiter begun, may be prosecuted as if all mo~eys secursd hereby
had matu?ed pr~o? ro iri institution.
7. That in the event that at the beginni~g of a at any time pending any suit upon this Mortgage, or to foreclose it, or to refam it, or fo enforce
payment of any claims hereunder, said MORTGAGfE shall apply to the tou~f having jur~sd~cfion ~hereot ior ~F,e appoinrment of a Receiver, wch Cwrt shall
forthwith appoint a receiver of sa~d mortgaged prooerty all and singular, indud~ng all and singula~ ~h2 income, profiti, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specificaliy set forth and desv~bed in the Qranteng and
habendum c:auses F+ereof, and s~ch Reteiver shall have all the broad and effective funct~ons a~d powcrs in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by auch Gourt as an admitted equety and a matter of absolute r~ght to said MORTGAGEE, and wi~hout reference to the
edeqvacy w i~adequacy of the value of the propeny morrtgaged or to the sotvency w insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shall be app{ied by suth Receiver accwd~ng to the lien w equity of said MORTGAGEE and the ~actice of such
Covtt,
8. To duty, promptly and ful!y perform, discharqe, execute, effect, complete, comply w;th snd abide by each and evcry the stipulations, agreements,
conditions and covenants ~n said promissory note and this mortgage set fath.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person oPner i'run tix 7ViORTGAG08. the
MORTGAGEE, its successors and auigns, may, witlwut notice fo the MQR7GAQR, dea! with such sucteuw a successor in inteies! with ieferencs to this
mortgsge and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating w diuharging the Mortgagora' liability here-
under ot upon the debt hereby secured_ No sale of the premisea hereby mortgaged and no forbeara~ce on the pan of IFr_ MORTGAGfE or ite s~cessors ;
or assigns and no exrension of the time fa the payment of the debr hereby secured given by the MORTGAGE~ or its svccesso~s or au~gnt, shall opetate ~
to releau, discharge, modify change w affett the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this coritract and lhat no waiver of any obligat~on hereunder w of the obtigaYan sr
cvred hereby shall at a~y time thereaher be hekl to be a waircr of !he terms heseof w of the instrument secured herby.
11. In add~uo~ to the foregoing mo~thly paymems of princ'pal and interest requ~red by the prom~uory nore cecured hereby, mortgagor covenants
and agrees to pay to mongagee with each monthly payment an additional sum est+mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
iny:
A-A11 real p~operty taxes levFed or assessed against the above destribed real estate_
8-Prem~ums on fire and wi~dstorm insurance as herein requ~red to be carried on the imp~oveme~t~ situate on the above destribed premises.
C-Premiums on such mongage guaranty insurar,~e as mortgagee ahall from time to time deem fit to carry on the loan secured hereby.
Mwtgagee shail from time to time notify mortgagor in writing of tf~e amouM due and payabte hereur~r and such svm shaU therevpon be dve artd
' payable on the due date of the next monthiy payment and each successive momh thereai~er ur.til ~nortgagee shall netify mortgagor of a change in such
amount. $uch sums shall be applied by mortgagee towa:d the payment of real property taxes, insurance em:urns, and mwtgage guaranty i~surence
premiums.
IN WITNE55 V~HEREOF, the said MORTGAGOR has hereunto set his har,d and seal the day a~d ear ust afwesaid_ ~
Sigr~l, Sealed a deli red .in the pr~sence of: ~
FtLEO AND RECOROED ~
~ ~T. LUC~E COUNTY. FLM. _ ,
~-'1C7 ~j=^tr . a~ ~
..~~~`2~,`~ s~~ f
~
STATE OF FLORIDA S~ ~~R 2 3 P~~ 3 4
u
i couNrY oF IACIE ~~'~t -
~f~° ~ ~`~oi~i~$a~`~. ner Paul ~ _Gno r • ~
~ K e~ Rc w T c o u RT h;s wife, to me well known and known to me to be
ti~e individuals described in and who executed the foregaing instrvment, and scknowkdged befere me that they executed the same tor the purposes " ~
rherei~ txpressed. And fhe said veroniea J Goodner
:vife -aT-me-satri ° L41--~-CaOa~~ Jr ~er~ a sep. ate and pnvat~ s
exammstron by me taken separate artd apart from her sa~d husband, ackrawledged to and before me that she executed said instrument (reely and vo~urr
tarily ar~d witFwut ~ny computsion, constraint, apprehension, or fear of or from her said husband.
' WIT(YESS my hand and officis! ual thi:~~~ day of February a ~ ~9 7O
- .~,~~t~
` Notary Pu~ic in and fw the State of Fbrida at Larpa .
My m~ssan exp ires:
Return To: ' `t<<~ut.s?tt~~ PU8l1!',, y7ATE Qp F~ORIDA AT (A(iSE
Firat Fedtrel Savings 6 losn Association `~i'r •J~ 1KMIS$ION EXP~RES SEPT. ?.3, 1973
Of FOrt P~erce. 'V ~~~~i1s~~~ ~ r~ f~
L . 1~ OIESTEIHORSp
~y . G..
Fort pierce. Flwids ~ : i ,7 ~ 's'=.. ~
~ ~ ~ ~ ~ ~Y, ~ D ~
~ *.Q: !
. . ~ ? ''r~~ ~
: 0!Y C IM PA:'M~ pF ~
: f~ ~~t~ ~~0 {'G~~,~s ,•~:A ;T u~ 'C INiA~^!BLE PEf'SCNAf P^~~ T~ i
.0 Cii~
Vr OFI ~ ~
This Insirument Pre red B Wa• E. Braun ~r~h~ ~'J~ , C(erk •~1S y'1. E~1~,
Pa Y F01;
••.t'v~u,;, -~f,~ ~
First Federat Savings ~ loan Association :,~5'~'•:.;~ ~~.~h ~~`r,~ Annr. ~'''~•t ~0u
~
' of Fort Pierce~ F2orida . •,y ~I~: : c~ o-..t tat D;;;;i;
St Lucie 'l N. lf1VGYlLES, 1R
Checked B~ k'"":~~~~~.a•••• rtty T8x Collector
Y ~ . ~ , ~
BOOK 183 PACE ~70 , p~unr ct~
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