HomeMy WebLinkAbout2882 3. To place and continuously leep on the buildings now o~ hereafter ~itua~e on sa~d land and on all equ~pment and personaily cove~ed by thit mwtg-
•gs, with atl premiums thereo~ paid in full, fire insurance in the usual standard policy (orm, in s sum approved by the MOR~GaGEE, and windstorm
insuronte i~ the uiual standard pot~cy torm, in ~ sum app~oved by ihe MORTGAGEE, in suth company or tompan~es as the MORTGAGEE may
drtec?; and all fire and wlndirorm insurance polic~es on any of said build~ngs, any interest ~herein or pan thereof, in ~he aggrega~a :um aforeiaid or
in eaceas thereof, shall contain the usual standard mortgagee clause or such other dause as the hlo~tgagee may requ~re, mak~ng the Ioss under sa~d po~i-
cies, each and every, payable to ta~d MORTGAGEE as its intereat msy appeai, and each and every such po!icy shatl be promp~ly ans gned and de~ivered to
any he~d by said MORiGAGEE as further security to wed mortgaga debt, and, not less than ten (10) days in advante o( !he expiration oi each policy, fo de-
live? to sa~d MORTGAGEE a renewat thereof, ~o9ether with a receipt for ~he premium of such renewat; and ~here shall be no f~re or wi~ds~o~m insurante
piated on any of said buildings, sny interest therein ot part thereof, unless in the form and with the ~oss payable as a(aresaid; and in the event any sum
of money becomes payable under such poliq or policies said MORTGAGEE shall have the optiort to receive and apply the same on accoun? of the indebted-
ness secured he~eby or to permi~ said MORiGAGORS to receive and use it a any part thereof tor oti~v~ purpases, ~:nho~t ~h_•• wa~~~ ~3 or unpa~r-
ing any equity, lien w ri9ht under or by virtue of lhis mo::gage; and in the evenl said MORTGAGORS shall for any reason fai) to keep the said premises so
insured, or fail to deliver promptly any of said pol~ties of insurance to said MORTGAGEE,:or fail promptly to pay fu:Iy any pre~n~um therefor o~ in any
respect lail to per(orm, discharge, execute, effecl, complrte, comply with and abide by this covanant, or any parr hereof, said MORTGAGEE may place ar~d
pay ia such insurance or any part thereof wi~hout waiving w affecting any option, lien, equ~ty, or right under or by virtue of ihis Mortgage, and the
full amount of each and every such payment shall be immediately due and payable and shall bear i~terest from the date thereof until paid at the rate oi
nine pe~ centum per ann~~n and to~eiher with such interest shalf be sccured by !he ?ien of this mortgage. • ,
To permit, tommit or suffer no waste, impairment w deterioration of said property w any part thereof. _
S. To pay all a~d s~~+gular the costs, chaiges and expenses, including a reasonable attwney's fee and costs af abstracts of titte, incurred or paid at ;
any time by said MORiGAG:E, because w in the event of the failure on Ihe part of ~he said MORTGAGOR to duly, promptly and fully perform, discharge, ~
eaecute, efiect, comptete, comply w~th and ab:de by each and every the st~pulat~ons, agreen,ents, cond~tions, and covenan~s of sa~d promissory note and this
mortgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whethe~ or not there be not~ce dr
mand, attempt to coltect or suit pending; and the full amoum of each and every such payment shall bear interest from the date ther~f until paid at the
rate o~ nine per centum per an~iurn; and all said costs, charges and expenses incurred or paid, Iogether w~th such inrerest, shall be secured by tF+e lien of thif
matgage.
6. That (a) in the event of any breach of this Mortgage or defaulf on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
herein refe~red to be not promptly and fully paid within th~rty (30) days next after the same severa!1y become due and payable, without demand or notice.
or (c) in the event each and eve~y the stipulations, agreements, conditions and covenants of sa:d pro~nissory note a~ th~s mor?gage any w either are not
~uty, promptly and futly performed, discharged, executed, effected, completed, complied with and ab~ded by, then in either or any s~ch event the said ag
gregate sum re~nt'wned in taid promissory note then remaining unpaid, with intere;t accrued, and a~l moneys secured h4reby, shaii become due and pay-
able fo~thwith, or thereafter, at the option of said MORTGAGEE, as fully arK! comple~e~y as if all of the said sums of money were originally stipulated
to be pa~d on such day, anything in sa:d promisso:y note or in this Mortgage :o the contrary notwithstanding; and thereupon or thereaiter at the option of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if alf mo~eys secured hereby
had matured pnor to ~ts institution.
7. 'F.at in the evcnt that at ehe beginning of or at any time pending any suit upan this Mortgage, or to foreclose it, or to reform it, or to enforce
ptrment of any claims hereunder, said MORTGAGEE shall apply ta the Covrt having ~urisd~ction thereof for ~he appo~ntment ot a Receiver, sucn Court ahall
Fathwith appoint a receiver of said mortgaged prooerty all and singular, inciud~ng alI artd s6ngular the income, prof~ts, issues and revenues Irom whatever
source derived, each and every of which, it being expressly unders:ood, is hereby mortgaged as if spec~fically set ~orth and des4ribed in the g~anting and
habendum cla~ses tureof, and such Receiver shall have atl the b~oad and efiect[ve funu~ons and powers in anyw~se entrusted by a Court to a Receiver, and
such appointmcot shall be made by such Court as an admitted equity and a matter of absolute r~ght to said MORiGAGEE, and without reference to the
adequacy or inadequacy of the vatue of the property mortgaged or to the so:vency or insolvency of said MORiGAGOR or the defendants, and that such
rents, profits, income, issues a~d revenues shall be applied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the practice of such
CouA.
8. To duly, promptly and fulfy periorm, dischar~e, execute, effect, complete, compty with and abide by each and every the stipulations, agreements,
conditions and covenants in sa~d promissory note and this mortgage set forth.
9. That in Lhe event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the
ASORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with re(erence to this
mortgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vit~ating or d~scharging the Mortgagors' ~iaoility hero-
under or upon the debt hereby s>cured. No u~e of the prem~ses hereby mortgaged and no forbearance on the part oi the I~M1ORTGAGEE or its successors
or assigns and no extens~on of the time fw the payment of the debt hercby secured given_ by the MORTGAGE'_ or ~ts successws or ass~gns, shall operate
ro release, d~scharge, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR here~n, either in whole or in part.
10. It is spec~fica~ly agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- -
cured hereby shall at any time thereafter be held fo be a waiver of the terms hereof or of the instrument secured herby.
' I1. In add.t;o~ to the forego:ng monthly paym~nts of princ'pal and interest ~equired 6y the promiswry note setured hereby, mortgagor tovenants
and agrees to pay ro m.ortgagee with each monfhly payment an add~rional sum es~~ma~ed by mortgagee to be equal to 1; 12 of the annual cost of the follow- -
'^9:
A-All real property taxzs levied o+ assessed agai~st the above describcd real estate.
8-Pren:~u~ns on fire and windstorm insurar.ce as herein requ~red to be carried on the ~mproveme~ts s~tuate on the above d>scribed premises.
C-Pre~ni~ms on wch mwtgage guaranty insurar,ce as mortgagee shall iro:r. t~me to time deem fit to carry on the toan secured hereby.
i Mortgagee sha!1 from t~me to time notify mortgagor in writ~ng of the amount due and payable hereundar and such sum shall thereupon be due and
k cayable on the due date of th= next montF.ly payment and each successive R~onth thereafter ur.tit mortgagee shall not~fy mongagor of a change in such
~ a~nount. Such sums sha:i be app!ied by mortgagee toward the payment of real property taxes, ins~rance prem,ums, a~~d mortgage guaranty insurance
~ premiums.
~ IN \lITNE55 ~V : EOF, the ~d MOR GAGOR has hereunto set his hand and seal the day and year rst afwesaid. ~
i C S' ned, Seal d e 'n e of:
9 1 ,.~c-~t.ci a4
(Sesn
~ ~ ~ ~ a.L~ . _ -J`J. ~Y-~ ~De . i t5esq
~ - - 'ts..n
a ~~S 1..7.3~ i
STATE OF FLORIDA ~ ~ r •;-s~:~%
ST . UJC I E ~ ' ` --V _
couNnr oF c; . ~ n': ` ;
Geor e R. Miller 'z`ir~
Befwe me personally appeared 9 ' i~ .
Marie G. Mi7.ler 1'O' `'f - .
his wife, to me well known $~~,k~~~0= -to !ap
the individuals desuibed in and who executed the foregoing instrument, and scknowled9ed before me that they executed tFis ~r~ie~r~~' :ll~}s~pOies
therein eapressed. Arxl the said ~ a Z1 Q C
i. Mi ll e r ~ ~ f' t~,~
~ George R. Miller ~ .,s~,:hdFm?av'~
wife of the said P~ ~W,:
~ examinat~on by me taken separate and apart from F~er said husband, acknowfedged to and before me that she ezecuted said instrumenf fr.~Fy ~and, ro(urt~
tarily and w~thout any compulsion, constra~nt, apprehensi -yy/fear of w irom Fxr said husband.
~ •f~.
WITN~ a~y FZand and offic;al ual thi day of A r i1 A. D- 19 7O
~ r~ ~ T
3
S . ~ Notary Pub ~c in and for the State of fbrida at Larye
~ ~ ~ ~ My Comm~ssion e:pirer. II ~ A p_~2
~ Retum To: ~
~ first Federal Savings b loan Association . - • i
- ~ ~F Fc~:::~a :tT u~a~e
~ Of Fort Pierce. i.~Y c,~ :~~;:f~~iOiV EXPIRES NOv, ly~ ~~1Z
Fort Pierce, Florida +v•y..-J :ctROUGN Fr~ED 1lti~ n~F~TEIHMKa-
i1
~ FILEO AND RECORDED
ST. LUCIE COt1NTY, FLA.
This Instrument Prepared By J. D. Chastain ,r~.~'F~~~
~ First Federa! Savings 8~ loan Association "
of Fort Pierce, F lor i da 192U2 ;
~ c~_____ '70 APR ) 0~M 5 9
~j Checked By
~
=E_? :-~.~P~S c~ e~
=x` CLE`K C:~CUIT ~URT dDOK~~J PA~E(~ /t7
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