Loading...
HomeMy WebLinkAbout1299 3. To plac~ and continuouily keep on tFM buitdinps now a hereaftK ~ituate on sa~d land and on all equipment ~nd personatly cove~ed by thi~ mortQ- sp~, with all pramiums thcreon pa~d in futl, fire insuranc~ i~ the usu+l srandard pollcy form, in a sum app~o~ed by the MORiGAGEE, and winditorm i insvrance in ~he vsual s~sndard policy fwm, in • ium approved by the MORTGAGEE, in ~~ch company or companies ai the MORTGAGEE may ~ direct; ind sll fire and w~nd~torm insur~nc~ policies on any of ~a~d build~ng~, any inrerest therein o~ part fhc.eof, in ~he aggregate sum afwesaid or ~ in excess lhereof, thall co~tain tke us~al ttandard mortqapee clsuss a such o~her clauss ai tM Mortgagee may requ~ro, making the loss u~der iaid poli~ cies, each ~nd eve?y, payable to uid MORTGAGEE +a its inte~est may ~ppe+~, and each a~d every such policy shatl be promptty au 9ned a~d delivered to •ny held by wid MORTGAGEE ~i tur~her iecu~ity to sa~d m«t9age debt, artd, nof ku than ten (10) days in advanca of the expirstion of each policy, to dt- IivN to ssid MORTGAGEE a renewal thereof, 1o9e1M? with a receipt fw the premium of such renewat; and there shall be no fire or windilorm insura~te placed on sny of said buildingi, ~ny interesl the~ain or part thercof, u~les~ in the form and wiih the loss payable as s(aesaid; and in th~ event any sum of mo~ey becomet payable ~nder such policy a policies said MORTGAGEE shall Mve the option to receive and apply the ume o~ account oi the indebted- ~ neu secu~ed hereby or M permil aaid MORTGAGpRS to reteive snd use it ot any pa~t lhereof for othcr purposes, wiiho~t thareo~ ~vaivi~ig or unpair wg any equiry, lien or rght under or by virtw oi this morsyage; and in the event sa;d MORTGAGORS shall for ~ny ~eason fai! to keep the s+id premises so ; inwred, a fall fo de~iver promptly ~ny of said policies of insurance to said ~MORTGAGEE, w fait promptly to pay fully any premium ~herefor w in any ~ respect fail b perfam, discharge, exec~ta, effect, complete, compty with and abide by fhis covenant, or any pa~t hereof, said MOR7GAGEE may ptsce snd i pay for suth insuranc~ or any parf thereof witlaut waivi~g or ~ffectin9 any option, lian, equity, or ~lght under w by virtue of this Mwtgape, snd the f full amount of each ~nd every such p~yment shall bs immediately due and payable and sF?all bear interest from the date thereof until paid at the ~a?a at ; nine per centum per annum and to~e~her with such interest shall be secured by the lim of this mortgage. 1. To permit, commit or suffer no waste, Lnpaiiment or deteraration of said property w sny paA thereof. 5. To pay al! a~tl aingulu the costs, charge~ +~d expenies, inciuding a reasonable sttorney's fee and costs of abstrads of title, i~curred or paid at any time by said MORTGAGfE, becauu or in the event of ~he failure on the pan of ~ha wid MORTGAGOR to duly, promprty end fully perlam, d+xAs~gs, exccute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditions, snd covenants of said promissory ~ote and thi~ mwtgage any w either, and said costs, chargea and exper+ses, e+ch and every, shall be immediatety due and payable; whether o~ not there be notice de~ mand, attempt 1o collect or wit pe~ding; ard the full amou~t of each and every svch payment shall bear in~eresl trom the date thereof umil paid at the rate of nine per centum per annum; and all said costs, charges snd expenus inturrsd or paid, together with such interest, shall De setured by the lisn of this malgage. 6. That (a) in the event of eny beach of this Mortgage w defautt on the part ot the MORTGAGOR, a(b) Fn tF~e event any of sa~d sums of money herein referred to be not promptly and fully paid within thiry (3p) days next after the same seve+atly Ixcome due and payable, without dcmand or ~otite, w(c) in the eve~t each snd every the stipulations, agreemenls, condifions and covenanta of sa~d oromiuory note and th~s mortgage any w either are nof ~uly, promptly and fully perfamed, d~xharged, executed, eltected, completed, complied with and abided 9y, then in either or any such evaM ths uid ~g yregate wm m~ntioned in said promissory ~ote then re+naining unpaid, with intcrest accrued, and aIl moneys secured hereby, ihall become due and pay- able fwthwith, or thereafter, at the option of said MORTGAGEE, as futly and compierely as if al! of fhe said wms of mor~ey were originally stipulated ro be pa+d on such day, anythin9 in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupa+ a thereafter at the optio~ of said MORTGAGEE, without notice o~ demand, wit at law w in equity, therefwe o? thereafiter begun, msy be prosec~ted ss iF all rraney~ secured hersby bad matured pnot to in i+utitution. 7. lhat in the event that at the beginoiny of or at a~y time pe~nding any svit upon this Mortgage, or to foreclose it, o? to ~eform it, or to enfo?cs psymeM of any claims hereunder, said MORTGAGEE sh~ll apply to the Caurt having jurisd~ction thereoi for the appointmeM of a Receiver, such Courf shall fwthwith ippoint a receiv~r of said mortgaged prpperty aIl and singulu, ir?cl~dmg all arxl singular the income, profits, issuPS and revenues from whatave~ source de~ived, each and every of whrch, it being exp~essly understood, is hereby rtwrtqaged as if specifically ut fwth and deu~ibed in the 9rantir?g and hatxndum clauses hereof, and such Receiver shall have atl tFie broad and effedive funcr~ons and powers in anywise entrusted by a Court to a Receiver, and such appoFn?men~ shall be made by such Coun as an admitted equity and a matter of absotute right to said MORTGAGEE, a~d without reference to the adequscy w inadequaq of tAe value of tF+e property mortgaqed or to tt~e solvency w in:olvency of satd AAORTGAGOR q the defendann, aad that such. reots, profin, income, iuves and revenues shaU be applied by sucA Receiver accord~ng ta the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discha?ge, execute, effect, complete, comply with and abFde by each and every the stipulstions, agreemenb, conditions and covenams i~ uid promiuory note and this mortgage set fwth. , 9. Tha~ in the evenf the ownership of the mortgaQed premises, w any parf thereof, becomcs vested in s person other than the MORIGAGOR, the MORTGAGEE, its sutcessors aod suigns, may,--withow ~wtice to fhe 61QRiGAOR,_deal wiih such successa a wecessor in interest with reference to this _ _ mortgage and the debt hereby secured in the ssme maruur as with Mortgagor without in any way vit;aling oi dixharging :L.e HSortgagoii 1ii~itily fiera und~ a upon the debt hereby secured. No sale of the premises F~ereby mortgaged and no iorbearance oo the part of Ihe MORTGAGEE or its succeswrs w auigns and no extension of the time for the payrrKnt of the debt hereby secured given by fhe MORTGAGf~ or its succeuors or auign~, shall ope~ate lo retease, d~scharge, modify change a affect the original liabil~ty of 1he MORTGAGOR herein, either in whole a in part. 10. It is speufically agreed that time is of the esxnce of this cont~a~t and that no waive? of any obligation here~rnder or of the obligatwn sr tured hereby shali at any time thereafter be held to be a waive~ of the terrtu hereof or of the instrvment secured herby. 11. In additio~ to the forego:ng monthly payments of princ"pal and interest required by the promissory nore secured hereby, mortgagor covenanis and agrees to pay to ~rtgagee with each monthly payment an add~~ional sum est~ma~ed by mortgagee to be equal to 1% 12 of the an~ual cost of the follow- i^9c A-All real property taxes levied or assessed against the above desc~ibed real estate. + B-Premiums on fire and windsto~m ins~rance as herein requ~red to be car~ied on the improveme~ts s"~tuate on the above described premises. ~ C-Premiums ort such rnortgage guaranty insurance as mortgagee shall from t~me to time deem fit to cany on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing oi the amount due and payable Fxr~under and such surn shall thereupon be d~e and payabte on the due date of the next monthly payment and each successive month thereafter ur.til mxtgagee shall nolify mortgagor of a cFwnge in such amount. Svch sums shal! be applied by mwtgagee toward the payment of real property taaes, insurance prem:ums, and mwtgage 9varanty insurance p~emi Vmt. IN WITNE55 Y~HEREOf, fhe said RTGAGOR has hereunlo set his hand and seal the day and year ' st afwesa:d. - Si , Sealed d d!i ed ' x presence of: ~ •n ~ STATE OF FLORIDA . - ~ courvrr of _ St. Lucie } s'S' Z ~ eefore me penonally appearcd George I. Yoho and Annette B. YOIlO his wife, to me well k~own and known to me to be the indiv7duals dewibed in and who executed the foregoirg instrument, and acknowledged before me that they executed the same for the purpwes nc~~~,n ~xpressed. a„d the w;~ Annette B. Yoho wife of the said George Z• Yoho ~p~ p~rate snd private ` examinatan by me taker~ separate and apart fiom her said husband, atknowledged to and before me that she cxecuted 'said instrvmep} ~4reely end volurr ~ larily and without any comptrlsion, constraint, apprehension, w fea? of w from her said husband. ~ 6 " WITNESS my hand and officisl seal this 7 T day of Ma C tl ~ D~19,~.Q ~ ~ . ` ~ - i Notary Publit i~ and for ttyt State:d-Fiorid~ a'i:l,~rya:_ . Retum Ta. ~3 My Commiu'ron expirea: . Fint Federal Sa~iags a loan Astoc~at~on ~ 7~ Ff~ED At» RE~~~~~y _ ST. LUCt~ CC+UN~;.,f~~;. Of fort P~erce. - t~ = " ` - Fort Pierce, Florida • • ~ 19~9a9 . - : : 'i~ E'''' 9 PM 2~ 3g . i This IRStrument Prepared By R ichard K. Kaye s + ~~~~~~L~-'' ~ First Federal Savings & loan Association of Fort Pierce , F lor ida r~ T"'-S ~ _p ,.~~~v ~,~,i7tT CO+JR+ Checked By v ~ ~ooK 1~3 P~~E1298 , : ~f ~ f ~ _ _ ' 4ME ' ~ ~ §-~a.:'- ~ _ . s..-- _ . , ~ ~ . . .