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HomeMy WebLinkAbout2138 P To plx~ and coe~tlnuously ktsp on tM buildirgs now w MreaftK situat~ on iaid i~nd u+d on +I~ equipmsnt ~nd pe~sonally coverrd by thi~ mwt~- ~p~, with ~II pr~miumi th~r~on p~~d in full, fit~ insuranc~ in tM usu~l tandard polKy iorm. in a ium •pprovd by th~ MORIGAGEE, and windstam inaw+nt~ in tM usual s+andud pot~cy twrn, i~ a sum approved by ~M MORTGAGEE, in wch compa~y w compa~ies ~a the MORTGAGEE msy t1i~Klj ~nd all fU~ ~nd windstwm i~urae+a policiet a? ~ny of uid buifdinps, any int~r~sl thsrein or put thereof, in th~ agyreg+~e tum ~fw~~id or In ~xctts thenof, ~hall contain tM usua) standard motlSspN tlaut~ or such o~her ctavu a~ the Matpa~ee may require. makiny the lou u~ said po1F da, each u+d every, payabl~ to uid MORTGA6EE a~ in interest may appaa~, and each ~nd every iuch poliq shatl bs promptly sis.yncd +nd delivaed ro ~ ~ny heW by said lNORTGAGEE funher stcurity to said mut9aye deb1. ~nd, not less tMn ten (IO) days In advance of the expirafion of e?ch policy, to dr livK to said MORTGAGEE a re~awal fhereof, topetha with a raceipl fa the pr~mium of such renewal; and there shall be no fire o? windi~am inwranc~ pl~pd on s~y of said buildinps, ~~y intereil therein w part thsreof, u~leu in ~M form and with the tou p+ysble as afwesaid; ~nd in tM evenl a~y i~m of nweNy becorr-;s pay~bl~ unds~ wch polky o~ policiss said MORTGAGEE ihal! have ?hs opt;on ro receive and apply the s+me on account of tM ind~bted- nsss sscur~d hertby w to pe~mit ~aid MORTGAGORS Io ractiw and ~s~ it w any part ~fK~eof fo? orher p~,rposes, wiiho+,t ~hsreb~ waivi~~9 a~mpair- inp any pvity, liet? ot riyht unde~ or by virtw of this mortyspst +~d in tM ~vent said MORTGAGORS sh+ll fw any reawr tail to keep !he said premises fo i~su~ed, a f~il ro dtliver promptly a~y of said polities of insursnt~ to said M~JRTGAGEE, ot fail promptly to pay fully any premium thtrefot p in any reipact tail w p~rform, discMrge, e:acut~, effed, complets, comply with ~nd abida by th~t mvensnt, o~ +ny part hereof, ~aid MORTGAGEE may pt~ce and paY fw wch inwra~ w any part thsrtof withoul waivir+p w ~ffsttinQ any opteon, lien, equ;y, d ri9ht urxler or by virtue of this Mort9~p~, a~d tM full ~mount of each and ~~~ry such payment shall b~ immediately ~ a~d payable snd shall be~r interest from tM d+te thereof until paid st the rats ol nine per centum pe~ annum and together with ivch interest shsll be secured by tta licn of this mortyage. 1. To perrt?it, commit a suffer no wute, knpai~ment or deterior~tion oF said propaty or any pa» thereof. S. To pay ~It ~nd ~inpular tM costs, charpes and exRense~, indudinp s nswn~bk ~»wney i fae snd cosn of abst~scy of tiNe, incurred or paid a~ any time by said MORTGAGEE, basause w in the ewnt of the f~ilwe on the part of ~h~ said MORTGAGOR to duly, promp~ly and fully periwm, diticharya~ execut~, effect, oompkq, comply w~th snd abide by ~ach and every the st~pulat;o~u, agreements, conditiau, and cownants of said promisw:y note and thit mortya~ any a e;~her, ind u~d costs, d+u~es ~~d expen~es, each ~nd every, sMtl be immediately dw ~nd payablr, whether w not there be nc+tice d~ mand, attempt ro collect or wit pe~dirgt and tM full amou~t of each and every such payment shatl bea. iMerest from the date thereof untit p~kl at tF~t rate of nine per centum per a~uwm; and all said co~ts, cMryes and expenses incurred w psid, together with ~uch intereit, shaU 6~ sacured by the lisn of tha '^ottp~e• 6. ihsl in ihe event of ~ny breach of this Mortgag~ or def~vtt on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d wms of money herein r~ferred to be not promptly snd f~lly paid wirhin thirty (30) dayn ne~t after 1he same severally become dw and paysble, without demand or notice, or (c~ in the event eath and every the stipulstions, sgraement:, conditions and covenants of said promiuay note aod th~s mortga~e any w eith~r an nol , iuly, promptly snd fully perfamed, discFwryed, exec~ted, effcstc~, compteted, complied with and abi~ed by, then in eifher w ~ny such event ths ssid a~ ~ gregate sum mentiw~d in said promiuory nQte_ then remai~i~ ue?paid, with interest atuucd. and all moneys aecured hcreby. shall betome dw and pay~ able for~hwith, a theresfter, at ~he option of said MORTGAGEE, ~s fuUy and completely as if st~ ot ~h`e said wms of money were-origirt~My sripulaxd to be paid on such day, anything in iaid promiuory rwte or in this Mortpape to ths con~rary notwahstanding; and thereupoe~ w thereafie? at the option of said MORTGAGEE, without notice a d~mand, wit at law or in puity, therefo?e w thereafier beg~n, may bc proxcWed ~s if all rnoneys ucur~d henby had rt?atured priot to in i~utitution. 7. That in the event thst at Me begi~ninp of w ~f any time pending any w;t upon this Mortgsge, or to fweclose it, o? to refon+n it, or to enfwp payment of any daims 1Krew~der, wid MORTGAGEE shall spply to the Cou?t having jurisdiction thereof fd ~he ~ppointment of • Reteive?, such Court shall - Fwthwith ~ppoint s rectiver of said mort~syed property all a~d singutar, intitrd~ng ati and singuia~ the incortw, .pofits, issues and reverwss from whatever wvrce derived, exh and evcry of wh~ch, it beirg expressly unders~ood, is hereby mortgaged as if spe~jiically set ~fo.fh and dewit,ed io the grantir~g and habendum cla~ses FKreof~ i(Id fUCI1 RKQ~VN illill FNV! all the broad and effective fu~c~~ons and powers in anywise ent~usted by s Courf to a Receiver, and such appoimment shall be made by wch Cou~t as an admitted equity a++d s m~fter of absolute riQht ro said MORTGAGEE, and without refere~ce to the adequacy or insdcgwcy of the v~lue of tix prqxrty morty~ged or to the sotve~cy o~ inwtvency oi said MORTGAGOR w 1he defenda~ts, and that such ro~n, profin, income, iuves and ~evenues shall be spplied by such Receive~ according ro th~ lie~ or puit~r of said N10RTGAGEE snd the practice of such COt?rf. 8_ To duly, promptty and fvlly pe?fwm, discharge, execute, effect, compkte, comply wi?h and ab~de by eath u~d every th! stipvlations, a9reemenb, conditions and covenanb in said promissory eote and this mortgage sei forth. 9. Thst in the event the ownenhip of the mortgsged premises, w ~~y psrt thtreof. beoanes vesttd ~ a person other tlw~ the MORTGAGOIt, tM MORTGAGEE, in succeuors and assigm, may, without nofice to the MORTGAOR, deal with svch successo~ a wccessor in intdest with ~etcrence to this matgage and the debt hereby setured in the same manner as with Nbrtga9w without in any way vitiatiog w dixharging ti?a Mortgagors' liability hera undcr or opon the debt Aereby secured. No sale o( the premises I~ereby mort9aged and no forbearance o~ the pan of the MORTGAGEE w iri successors or auigns and no eate~sion of the Hme {a the payrrxM of the dcb~ hercby secured given by the MORTGAGEf or in successon or ass~yiq, sha0 operat~ to release, dixharye, modify charge a aNect the aiyinal lisbility of the MOATGAGOR herairy eithsr in whole w in psrt. 10. tt is specificaily agreed thar time is of the essenca of this contran and thal no waiver of any ob:igatior~ hereunder or of the obliy~tion se- cured hereby shali at any time thereafter be held to be ~ waiver„of the terms hereof or of the instrument secured hecby. I1. In addit:on to the forego:ng rtwrrthly payments of princ'pal and interest required by the promissory note sec~red hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payment an addirional sum estima~ed by mortgagee to be eqwl to 1/12 of the annval cost of the follow- irKJ: ~ A-All resl property ta:es kvied a assessed against tF+e sbove desuibed real estate. B-Premiums o~ fire and windstwm irtswaace as herein ~equ~red to be carried o~ the improveme~ts sit~ate or1 the ab4ve described premises. C-Premiums on wch mortgage gwrsnty insu~ante as morigagee shaN from t'eme to time deem fit to csrry on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing pf the amount dve and payabk herew~der and such sum shaN thereupon be due a~d payable on the due date of the r~eat monthly,payment and each suctessive month thereafter uNil mortgsgee sFwll notify mortgagw of s chsnge in such amaunt. Such sums shali be applied by mwtgagee toward the paymenf ot real property taxes, insurarxe {xem:ums, and matgage g~aranty inswance premivms. , - IN W NESS WHEREOF, the taid MORTGAGOR has hereu»to stt his hand and seal ti?t day and ~rear firaf aforesaid. ~ ~ of: .-~u~~`aNO~ ~fcoR~~,~~ ST.RECORO VERIFYIED ~ 191513 ~ ~ STATE Of FtORtDA '~O ~ ~ ~ ~ ~ C t COUNTY Of _ ~ • ~ I ~ ~T ' eefore me persona~y app~ared , ~ Mazibea S. B01II~ his wife, to me well known and kr~own to me to b~ ~ the ind;vidwls described in and who ~xan?fed the fwe9oing instrument, and acknowled~ed befora me thst they executed the aame fw the pwposes rhereFn acpressed. Md the sa~d Md1 ibe8 S. BoweZs ` Harold B. Bor?ers i wife of tfie said ~pon a iep~rate H+d pirv~t~ exsmi~~tion by me taken separste and apsrt from her said husbend, ~ticnowledged ta and before me ti+af she execvted ssid instrument /reely and volw~- tarily x~f witho~t any camputiwn, constraim, appreheroion, o~ fear of ot from her said husband. ' W17NES5 t~ny iwnd and officisl seal ~hia- i~~~ daY of A. D. 19.~_ ` , - _ _ - - - - _ - - ---~~1~~,~,G,4,1 r.v . . Notary PuWic in and fw the State of Florida N Lupe Retum To: .;s ,_,`'`i~~~~~~ tt~ 4i; My C«nm+ssion sxp'ues: Fint Feder~l Saviogs b toan Assocation - r-~~~ ~'R~~;: ~i~ C~ ~STATE Of FLORIQA AT URGE Of FOtt PierCe. •s~,~ 4'7E~~~~~~ -Jv QQNOW (NRU ~PIRES SEPT. ? ]~f3 • Fwt Pierce, Ftwida ~ " , ~ ~•.va-~~ ~ aESiE(~ • ~'Q;;C~,~+-~ Z : 'Q: C` r. y ~ : i• iY 'r~_ •~n•'.. _ _ •~;.•~.3•' : 1~•:` H ~ ~ ~ : , r G.~ ~f ~ t ~ J., - a.~~ ~~~~.~~~:i.'~_ This tnstrument Pre red B Ri :.~'t P° Y ~cr': ~~~~~?'!ti..~ ~.v, ~ ~ First federal Savings b Loan Association - " of Fort Pierce , Flozida ti,,~Z~~ <;~;z,. ~ + `~r'~~^~~'.'i~:~u~aNt' Checked B~ • ~ P~~iE~.~~ . ~ ~ _ _ _ - - - - - ~ $ . . - ~~~eN c.~ <s~ ~ ~4; a- L L~^~-'~ ~ ~ ~~~s~.-.,.t'~'~~t~w', rlr:' ~ ,.~y. z - rt,','~r ~ €.'.f'~'z`°.`~ r~: "-Fz.- +c5`,~~;~v ~ .