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HomeMy WebLinkAbout0404 ~ i 3. To plec~ and continvously keep on th~ buildinp~ now w M~e~ftN ~itvat~ on sa~d lu+d and on aN equiprersnt snd personally covercd by thii mon~- ~ ~gs, with ~II premiums thereon paid in full, flrs iasu~ant~ in tM utval ttandard poliq form, i~ a sum approved by the A10RTGAGEE, ~nd windstam ~ insvtu+ce ~n tM uswl standa~d pol~cy fwm, in ~ sum approvsd by tM MORTGAGEE, in wch tompany or companiea u 1he iNORTGAGEE may d~rest; and all fire ~:.J windsrorm iniuru,ce policcea on ~ny of said buita+np~, any interest therein or part thercwf, i~ the aggreya~e i~m ~fpresaid or ~ in sxces~ thereof, iAali cantain tM uswl standard matgagee clauss or such osher clauss ~s tM Mortgagce may requue, makirg the Iws unde~ sa~d polF cies, exh and wery, payable ro said MORTGAGEE +s iti interett may ~ppea~, and e+ch and every such aolicy ahali be promprly ass.gned a~+d delivcred to •ny held by said AtORTGAGEf as funhx ssturity to uid mor19a9e debt, and, not leu than le~ (101 dsys in adva~xe of the expintio~ of each poUcy, to d~- Gver to taid MORTGAGEE a renewal therwf, to9ether wit~ • rKeipt io~ fhe premium of i~ch rsnewal; and tFxre shall be no f~rs or windstam I~iurance plsced on ~ny of said buildings, ~ny interett therein ot part thereof, valeu 1n the fo?m ~nd wi~h the lou payabte ai afwe~aid; and in the event any sum ' of monsy becomes payable under such polecy o~ policies said MORiGAGEE shall have the option ro recaive and appiy the same on accoum of the indebted ~ ness secured hereby w to permit said MORTGAGORS ro reteiw ~nd uss it or a~y part thereoF for orher pu~poses, w~ihout th.~eb~ waiving or impdia i ing ~ny equiry, lie~ or right unde~ u by virtw of thii mor:9age; and in the event sa~d MORTGAGORS shall foa any reason fail to ktep the said premise~ so S ~nsured, or fail to deliver promptly any of aaid policies of i~surance to said MORTGAGEE, a fail prompNy to pay tu(ty any premium therefo~ o~ in any respM fai) to perfum, discharge, exec~te, etfect, complefe, comply with and ab~de by this covenanf, w any par~ hereof, said h10RTGAGEE may place •n0 pay fw such insuranclt ot any pan thereof withoul wsivin9 ot affecti~q any option, lien, eq~ity, w right under or by virtue of Ihis Mwtgage, and thc , full unoum of each and avery such payment shall be immediately due and peyable and sha11 bear inte?est from the dats thereof ~n~il paid ~t t~~a rat~ ol ; n~ne per centum per anrwm and fogethe~ with such interest shall be aecured by fhe lien of tAis matgage. ~ I. To permit, oommit or suffer r?o waste, impairment w deterio~ation of said prope~ty a sny pa„ thereof. S. To pay all and singulsr the costs, charges and expenxs, including s reasonsble attor~ey i fee and tosts of abs~~acts of title, i~cvrred o~ pc~d a1 any time by wid MORTGAGfE, because w in the event of the faiture on the part of the :aid MORTGAGOR to duly, prorr.ptly and fully perfam, d~scharge, execute, ef(stt, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of uid prom~ssory note and ihis morrgage any or ei~F+er, and said cosh, charge~ snd exprnses, each and every, shall be immediatety due and payable; whethea o? not rhere be notice ds ` ma~d, sttempt fo mllect q wit pendingj antl the full amou»t of eath and every such paymcM shall bear interesl from Ihe date thereof uMil psid at the ~ rate of nine per ccntum per annum; and all said cosn, charges and expenses ~ncurred or paid, together w~th such interest, shall be secured by the lien of this mort9sg~. ~ 6. That (a) in the ev~+f of any breach of this Mwtgage a default on !he part of the MORTGAGOR, o~ (b) in the eve~t ~ny of sa3d sums of money herein referred to be rwt promptly and fully paid within thirty (30) days ~ext after the same severatly become due and payable, withoul demsnd or ootice, or (c) in the event cach and every the stip~latiw?s, sgrerments, conditions and covenanrs of sa:d promisso+y nore and th~s mor~gaye any p either are nol ~uly, promp~ly snd fully pe?formed, d~xharged, execvted, tffected, compktad, complied with snd abided by, then in e~ther o~ a~y such event the said a¢ gregate sum memaned in said promiuory note 1Fxn remaining unpaid, with intcres~ accrucd, and all mo~eys secured hereby, sAall become due snd pay- able fwthwith, or therea{ter, at the option of taid MORTGAGEE, u futly and completely as if s~l of thc saed sums of money were o~iginally stiputated to be paid on suc6 day, anything in sa:d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon w theceafter at the option of said MORTGAGEE, without natice or demand, s~if at iaw w in equiq, therefore w thereafte+ begun, may be prosetuted ~s if a11 moneys sewred hereby had matured prier to i1s inslitution. 7. That in the event tFiat at the beginning of or at s~y time pending any wit upon this Mortgage, w to foreclou it, or to refwm it, or fo enforce payment of any claims he~eu~drr, said MORTuAGEE shall apply to the Court having jurisdiction the~eof ta the appantment of s Receiver, tuch Cwrt shall forthwith appoinf a receive? of said mortgaged property all and singula?, inctud~ny all and singu~ar the income, profits, issues and revenues from whatever wurce derived, each and every of wh~ch, it being expressly u~ders~ood, is hereby mortgaged as if spec~ficaity set forth and desuibed in the granting and habendum clauses hereoi, and such Receiver shall have all the broad and effective funct~o~s and powers in anywise entrusted by e Court to a Receiver, and such appointment ahall be made by such Court as ap admitted equity and a matter of absotute ri9ht to said MORTGAGEE, and without reference to the edequacy or inadequacy of the value of the property mortgaged or to the wrvency or insotvency of said MORiGAGOR or the defe~dants, and that svch renrs, protirs, incane, iss~es and revenves shall be applied by fuch Receiver according to the lien or equity of said MORTGAGEE and the prsctice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, etfect, compiete, compty with and abide by each and evcry the stipulations, agreemenn, conditions and covenants 7rt said promissory note and this mortgage set fwth. ~ 9. That in the event the owncnhip of the rnwtgaged premises, or any part thereof, becomes vested in a persw~ other thsn the MORTGAGOR, fhs MORiGAGEE, iri succesxws and assigns, may, without notice to the MORTGAOR, deal with :uch successor or svccesso~ in interest with rele~ente to this mwtgage and the debt hereby secured in the same mannet ss with Mortgagor without in any way vitiating or dixhargi~g 1F~e Mongagori liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sucteswn or assigns and no extension of the time for the psyment of the debr hereby secured given by fhe MORTGAGE'_ or its successors w assigna, shall opents to release discharge, modify change or affect the wigirwl liability of ~he MORTGAGOR herein, eitF.!er i~ whole a in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w af tha obligaYan se- cured hereby shall at any time tf~ereafter be held to be ~ waiver of the terms hereof w of the instrumenf secu~ed herby. 11. In addition to the fwego:ng monthly paymenls of princ Pal and inteiest required by the promissory note secured hereby, mortgagor tovenants ar.d agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ ing: i A-All real property taxes levied w auessed against the above deuribed reaf estate. . E 8-Prem~ums on fire and windstorm iinsurar.ce as Merein requ~red to be carried ors the improveme~ts sitvate on the above described premises. I C-Premiums o~ such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fif to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in viriting of the amount due and payable hereunder artd such surn shall thereupon be dve and ' Fayable on the due date of the next mortthly payment and each successive monfh fhereafter until mwtgagee shall notify mortgagw of s change i:? :uch amount. Such sums shail be applied by mortgagee loward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance p~emiums. ; Il~i WiTNE55 W EOf, the MORTGAGOR has hereunto set his hand and seat the day and year first aforesaid. ~ Signed, Seal e in _pce of: ~ ~ , , A ~ j ~j • t ~ ~ ~i~ _ ~ 6~ ' . ~ ~'~',,'~'i - ~ SiATE OF FLORIDA . 1 : : • % ~ ~ -~ld•~~YF!~ k couNTM oF ST. LIICIE ~ ~ : ' ~ ~ ~ - ~ 8efae me penonaUy appeared r.'$: ~rC~C t y' ~ ; : _ ~ . . . . ~ g i M. Goldean Dickson h;, w;r~, fo ~++e ~ii.kr~orn ar;{r'-f~,own ~ ro~`b:' ' the individwls described in and who executed the fwegoing instrument, and aclcnowledged before me that they exea~ted ti~e~ ~rns•~.~''p~r~bi}'s F ~ M. Goldean Dickson ~ % ~ • - - , ; rherein expresxd. And the said' ~~~~,-I~.~~•- ~ wife of the ~;d J. E. Dickson upoe a sepd~atd'and priv~te i examinaYwn by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrument fr~ely and volun- tarily and without any compulsion, constraint, epprehensi r fear of w from f~er said husband, f WITNESS my hand and oificial seal thi dsy A, p. 19 7O ~ J ~ ' • Notary Public in and for the State of ftorida ~t Larpe Return To: My Commiuio~ expires:. ~ Fint Feder~l Savings b loan Assoc7atcon ~{0?ApY PdBUC. ETATE OF RORfOA AT UlltoE Os Fort P;erce_ _ MY COMM(SSION IXPIRES NOV. 29~ l~lZ ; Fort Pierce, Flwida ~ONDED i~~eouc;p ~H ~O M. ~?~<ATtlM01~?- ~ ~ FtL~D A~.D RECORDED { s ~T, L~JC(E ~OUNTY, FLA. ~ ' ~-~_r;1-•~i ~rr7'='~^ This lnstrument Prepared By J. D. Chastain ~ 19~3Q~ First Federal Savings b Loan Associaiion ,70 FEB 26 P~ 2~ 27 ~ of Fort Pierce , F2orida . - Checked By ~ 7~~ - ~ ~ .'n" . ,~'~~:iir: ;S - 8DU1(~~ ~ CL~fi'l. C;ftCUIT COURT` T ~1 . _ = f ~f- 5fa . , ' . _ . .,...e.,. .C. . • a.,~..._:.