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HomeMy WebLinkAbout1358 t ~ 3. To plac~ and confinuously ks~p on the buildinys ~ow w Mreaft~r ~ituat~ o~ sa~d Iand and o~ al~ equipment and pe?ionaliy covercd by this mortp- ~ m ap~, with al) premiumi thereon p~~d in full, fire insurance in ~he usu~l standard policy form, in a tum approved by 1he MORTGAGEE, a~d wi~dstorm insurante in 1M uswl atanda.d pol~cy fam, i~ a sum app~oved by the MORTGAGfE, in such company or companies as the MORTGAGEE m~y directp u~d all fire snd windstorm i~surance policies on any of said bui~d~rgs, any inlcres~ therei~ o~ part the~eof, in the aggregate sum ~foresaid w In ~xceu tl+ereof, ihal) contain the usual st~ndard mor~gage~ claus~ w such otf?er clause as ~he Mwtya9ce may requ~re, making t1ro los~ unde? sa,d poll- cie~, each and eve?y, payabk ro said MORTGAGEE as ilt interest may sppear, ar+d each and eve~y such policy shalt be p~omptly ass sned and delivered to ~ny heW by uid MORiGAGEE ss funher security to wid mortyage debt, and, rat less Ihan tan (10) days in adva~ce of the expiration of each policy, to de- IivN lo fsid MORTGAGEE ~ renewal rhereof, toysth~r with a rece+p! tw the premium of iuch renewal; and ~here shall be no f~re or winds~o~m insuranca ptaced on ~n~r of said build~ng~, ~ny interest thertin w put tMreof, unleu in the fo?m ~ni1 with the loss psyaule ai afo~euid; and in tF+~tvent any sum of money becomes payable under such policy w poticies said MORTGAGEE shall Mve the oprion ro receive and apply the same on accoun~ of ~t?e indeb~ed~ neu secured l~eteby p fo permit said MpRiGAGORS fo reCeive and uts it p any parl theroof for othe~ purppses, v.~~hovt thareb~ waivin~ o~ impair- iny ~ny eq~ity, litn Or rght undrr ot by virtue of this motsgage; and ie? the evtnt w~d MORTGAGORS shall fw any reason fait to kecp ihe satd premius so insured, pr faii to delive~ promptly any of said policees of insurance to ssid MORTGAGEE, or fail promptly to pay fully any pre~n;um therefor w in a~y ~sspat fail to perform, discharge, execvte, effect, complete, comply with ~~d ab~de by this covenanf, or any pan }?areof, taid MORTGAGEE may plsce •nd paY (a tuth itu~~ante a any part thereof without waivinp or a(fec?inp any option, lien, equity, or righr unda o~ bY virtue of lhis Mafgage. ~nd tht full amount of each and every such p~yment snall be immediately due ~nd payable and shall bea~ interest f Lom ths date tAereof until paid at the rat~ ol nine per centum per annum and together wi~h such interest :ha~1 be secured by ths lien oi th~i mortgage. F ILEO AND ~~CORDED 1. To permit, tommit or suffa no waste, impairment or deteriwation of iaid property w any part the`r~6i.QLFi1C1Ep ~~.:~D~rU~pN~T~Y. FLa. S. To pay all and sirgufar tl+~ cosb, chargea u+d expK+ses, indudinq a reasonable attorney i fee and toslibY7611~'Yh~'6f~liNE~~rr~ed or paid af sny time by sa~d MORTGAGEE, becavx ot in the event of the failure on the pan of the said MORTGAGpR to duly, promptly and fvlly perform, dixharge, execute, etfect, comptete, comply with snd ebide by each ~nd every ~he sNputahons, agreements, conditions, snd covcnants o~ said p~omissory note arx! thia mortgage any w ei~her, and said cost~, charges and expenses, each and every, sl?~II be immediately dyrf/~d ~le; et~ ~ t rwtice dr mand, attempt to collect w suit pe~ding; a~d the full smount of each and evcry suth payment shall b~~~n fr t p~~ a~ rrtatKKetof n~ine pe~ centum per annum; and atl said rnsts, charges and e:peresesfqryp~~~id` together wit ~ inter~st, shall ba secur by ths lie of hu Q+s . 1~1j U ~ /~c~a ia An~ 1 J. 3 6. That (a) in the event of any bresch of this Mortga9e o~ defsuh on the part of the MORTGACadR, w(b ' ~d sums of mo~ey h~rein referred to be not promptly and tully paid withia thirfy (30) days ne~ct after the same uverally becqp~ dcmand w notite, or in the event each and every the stipulations, agreeme~ts, conditions and covenants of sa~d promissor~ e~ther are not ~uly, promptly and ful:y perfamed, d~xharged, executed, effected. completed. comp(~ed with and abided by, then in either or any such eve~t the said ag gregate tvm mentioned en said promissory note then remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and psy- able tati~with, w thereafter, at the option of said MORiGAGEE, as futly and completely as if all of the said sums of money were wig~~slly tt~pu:ated to be paid on such day, anything in said promiuory note ot in this Mortgaqe to the conaa~y notwithstanding; and thereupon or thereaiter at the option of said MORTGAGEE, without notice a dem+nd, tuit at law p in equity, therefwe or thereaite~ begun, may be p~osecuted as if all moneys secured I+~eby had marured pnw ro iu i~s~irurion. 7. That in the event that at the beginning of or ~t ~ny time pending any s•~it upon this lNortgage, o~ to faeclose it, w to ~efwm it, or to enforce payment of any claims hereunder, said MORTGAGEE sMll appty to the Court having jurisdiction fhereof fo? the appointment of a Receiver, such Court shall forthwith sppoint • receiver of said mwtgaged property all and singula?, inclvd~ng all and s~ngutar ~he income, prof~ts, issues and reven~es t~an whatever sovrce de~ived, each and every of wh;ch, it being e:pressly understoad, is hereby mortgaged as if spec~tically set fa+h and deuribed i~ the g~anting and 4 habendum clauses F~rcof, and such Receiver shali have all the broad and eftective funct~ons and powen in anyw:se entrusted by a Court to a Receiver, and sucA appointmen~ shall !x made by such ~ourt as an admitted eqvity and s malte~ of absolute ~ight to sa;d MORTGAGEE, and without reference to the edequacy or inadequacy of the ralue of the property mortgaged or ro the sowency w i~solvency of sa~d MORTGAGOR or the defendants, and that s~rch rents, profits, income, ~uues and revenues shall be applied by such Receiver according to the lisn or equity ot said NtORiGAGEE and the prxtic~ of such Co~rt. 8. To d~ty. promptly and fully p~vform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulstions, agreements, conditaro and covenants in said promissory oote and this mortgage set fath. 9. That in the evem the ownership of the mwtgaged p~emises, or any part thereof, becomcs vested in a penon other than the MORiGAGOR, the MORTGAGEE, its succeuors and auigrn, may, without notice to the MORTGAOR, deal wi~h such successa a succeuor i~ i~teres~ with reference to this mortgage and the debt hereby secured in the same manner as with Mortgaga without in any way vitiating or d~uharging the Mo~tgagors' liability hert under w upon the debr hereby secured. No sale of rhe premises hereby morfgaged and no forbearance on the part of the MORTGAGEE a its successon or assigns and no cxtension of the time for the payment of the debt he?eby secwed given by the hhORTGAGE'_ or its succcssws w assigns, shall operate to release, discharge, modify change or affect ihe originat liability of ~he MORiGAGOR herein, either in wAo1e or in pa~t. t0, h is spec~ficaliy agreed ~hat time is of the euence of rha conuan and that no waiyei of any obl;garlon he~eunder w of ths obligat;on se- cured !Kreby shall at any time thereafter be held to be a waiver of the terms hereof p oi tFK inslrume~t secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pai and interest required by the promissory nore secured hereby, mortgagor covenan!s and agrees to pay to ~nortgagee with each monthly payment an add~rional svm estimated by mortgagee to be equa! to 1/12 oi the an~ua! cost of the fo!!ow- ing: A-All real property taxes kvied o? auessed against the abave described real estate. B-Prem~ums on fire a~d windstwm insurance as herein requ~red to be carried on Ihe improveme~ts sitvate on the above described p~emises. C-Premiums on such mwigage gu~ranty ir.surance as mortgagee shall from t~me to time deem fit to carry on the ban secured he~eby. Hlortgagee shall from time to time notify mo~tqagor in writing of the amount due and payable he?eunder and such sum shall thereupon be d~e and payable on the due date of the next monthty payment and each successive month thwreafter ur.til mortgagee shall notify morfgagor of a change in such amount. Such sums sFait be apptied by mortgagee toward the payment of rea! p~operty taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal stx day and year first afaesaid. Sig Seafed and e(ivered in the pres~nce o•. ~ilitnesses to the signature, , ~ ~of Warren P. La,wrence )Witnesses to the signatu e n )of Delphia D. Lawrence ~n STATE Of RORtDA ~ ~tttsiyrs, ic;, $5. • ~ti~t~ ~ _f' ~~i~ i ~ cour~nr oF ST . LUCIB ~ : ~3~i'__ ~ , r: + = `c~ : _ _ ~ eerwe n,e persorwuy ,ppea?ea Warren P. La?wrence ~ s . • ,~,a.~ ~ to d~ ;Mjalr~~C~lown and k1~b~n t93~ f0 ~ the individwb described in and who executed the foregang instr~ment, and adcnowledged befwe`me'"'tfat ths~i 4;~tuibd the sama,~ fii~ therein expressed. ~ni~t~e~e~t ~ ~i- ' • ~ . ~ .~d~ . ~.5~ i ~ C'~ . . • ' l~~J._ , ~~~i~~{.~~,l~,," . WRNESS my h~nd and official seal thi day of ~ICZf''~t ~~t A, D. 19 7O This instrunent prepased by J. D. Chastain, Firs* Fedezal Savings and Loan Association of Rort Pierce, Fla. otary Publici~,~d +t~? f~ e STATE Of FIORIDA ~ Mv Comm~n~AMlS510N EXPIRES S 1~.~ ' courm oF ~ ss. 1oNDFD iH1d flaD rY. D;EStEtilO~t ~ eefore me perwnally appeared - ~1ph1S D. Lawrenee , ~ rhe individuab described in snd who e:ecuted the for a to me well known a~d known ta rn~ to b~ ~ eg n9 instrument, and ~tt~poy~ {~fpre ~~t they executed the same for the p~rposes therein expressed x~~c r y, 7Q'ffKll~Ct~C ~ ~ • a~f 1 aartd~r ~ ~ ~ i t.~ •j ~'•4~ ~ . _ • , ` ' . ~ WITNE55 my Mnd and o1(icial seaf t' day ot '=:'1 =:=~=Ch A. D. 19 7O Q l' MILDR:D S. TER ~ ~ for the State ot Fbrida st La~ NOTARY PUBUC ~l~ ~ e~t res: ~ • ~A~ P~ Retum To: MY COM1AlSSfOKEXP(~{<",•"T Firat Federal SavinQs 3 Losn Association . ,S`w'ti ~ R u~ ~~~~j ~ ~ SEPTE~lBER t, 19,13 . _ ; BUOK ~V~ ~J~~ ( ~ Of Fprt P:<rc?. ~ i: ; ~ . ; . - - a ; N ~ ~4-~""„a~,~~,~. ~..^~''...~~?t~'~~ .b__ ~ 9....~~;-~ ~ .~-e;," ,.r-:..