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HomeMy WebLinkAbout2990 ,J J. To pl~ ~nd ca+t~nuovsfy 4etp on ths bui!din~s now o~ heraaft~r ~ituat~ on sa~d land and on all equipmenl ~nd ptrsa+ally tovercd by thi~ enwt¢ +gs, with all pemium~ /he~co~ p~id i~ fu~:, fire i~svr+nce in the u~ual standa~d poi~cy form, in a sum spproved by the N10RTGAGEE. •nd windf~a~n insuranc~ in /M vswl t~anderd pol:cy fam, i~ a ium ~pproved Ny ~he NK)RTGAGEE, in wch company or companies as the MORTGAGEE Tar direct; ~nd al) firs and windstorm insuronce policies on •ny of aaid build~ngs, any intereit therein o~ pa~t thereol, in the afl9regate tum atorssaid Or In excesi thereoi, shall contain ths usual standard mor~gagee clause cr such other clsuse as the Mo~tgagee may requ~ce, maAing the loss under ts:d polF cies, each ~nd evc~y. paYab~e 1o said MORTGAGEE a~ its i~tere~t may appear, end each and eve~y auch policy shall be promptly ass.gned and delivered t0 . ~ny held by said MORTGAGEE as lurthe~ securiiy to said mortyage debt, and, not less Ihan ten (10) days i~ advance of the expirat~on of each po1Ky, lo d~- liver to iaid MORTGAGEE a renewal thereof, toge~har with a receipt iw the premium of such renewal; and there shall be no f~re o~ w~ndiiorm inw~aot~ plsced on any of said buildings, any interest thereln or part thereof, unless in the fo~m and with the loss payabfe as afc~esaid; and in the evenl any swn of money becomes payable uode~ such policy o? polkies said MORTGAGEE shall have ~he op~ion ~o receive and apply the san,e on account of ihe indebted~ ness ~ecured he~eby or to permit aaid MORTGAGORS to rtceiv~ and use it a any part thereof fo~ o~her purposes, v~~ihout th_reb~ wa~v~ng o~ ~mpe~r- inp any eqvity, lien w rght under w by v'utue of this mortgaye; and in the event said MORTGAGORS shall tw any reaso~ tail to keep the said premisrs so insured, w fail fo deliver promplly any of iaid policies of insurante to aaid MORTGAGEE, or fail piomptly to pay tully any premium tl~hrefw or in a~y resped fail to perform, discharge, execute, effect, co+nplete, comply with and abide by this covenant, or any pa~t hereof, said MORTGAGEE may p~~te a~d pay fw suth iniurance w any part thereof without waiving or affecting any option, lien, equity, or right under a by virtus of this Matgaga, and the full amount of each and ewxy such paymcnt aha11 be immediately due and peyable and shall bear interest from the da~e the?eof until paid a~ the rats o1 nine per centum per annum and to~ether with such intereat shaii be secured by the lien of this mortgage. 4. To permit, commit a suffer no waste, impaitment w deterioration of said property w any part thereof. ~ 5. To pay all and singulu tha costs, charges and expenses, inciuding a reawnable attorney's fee and costs of abstracts of title, incur.ed o~ pa~d at % any time by said N10RTGA~afE, because or in the event of the failure on the part of ~he said MORTGAGOR to duJy, promptly and lutly perform, diuhsrge, execute, effect, complete, comply w~th and ab~de by each and every the atiputations, agreements, cond~tions, and covenants of said prom~ssory note and this mwtgage any or ei~her, and sa~d costs, charges +nd exprnses, each and every, shall be immed~ately due and payable; whether or not there be notice d~ mard, atumpt to colletl or suit pend~ng; a~d the full amount of each and eYery such payment shall besr interest from the date thereof until paid at ~he rate of nine per centum per annum; and all said costs, charges and expenses ir~curred ot paid, together w~th s~ch interest, shall be secured by the lian of thit mortysge. • I 6. Thst (a) in the event of any breach of this Mortgage or default on the part of the MORTGA R, or (b) In tFx event any of sa~d sums of money herein referred to be not promptly and fully paid within thirty (30) days ~xt after Ihe same several become due and payable, without demand w ~otite, w(c) in the event each and every the atipvlatio~s, sgreements, cond~tions and covenanrs of sa:d pr issory note and th~s mortgage any or either are r?ol ~uly, promptly and fully performed, d~uharged, execvted, effected, completed, compl~ed with and a ded `~y, then in e~:her or any such eveM the said ag gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, sha~l becwne dus snd p~y- able forfhwith, or thereafter, at the opt~on of said MORiGAGEE, as fully and completely as il all of the sa+d sums of money were or~9inally it~pulated to be p.~~d on such d~y, anything in said prom~ssory note u in this Mwlgage to the contrary notwithstanding; and thereupon or thereafter at the optio~ of said MORTGAGEE, without notice or dema~d, suit at law ot in equity, therefwe or thereafter begun, may be prosecuted as if all moneyt secured ixreby had rruturCd pr~or to its institutiOn. 7. That in ?he event that at the beginning of w st any time pe~dirg any suit upon this Mortgage, o? to foreclou it, w to reform it, or fo enfores payment of any claims hereu~der, said MORTGAGEE shall apply to the Court having ju~isdiction thereof for the appaintment of a Receiver, suth Court shall forthwith appoint a receiver of uid mortgaged prooerty all snd singular, includ~ng atl and singular Ihe income, prof~ts, issues and revenues from whatever source derived, each and every of whKh, it be~ng expressly understood, is hereby morrgaged as if speufically set fa~h and described in the granting a~d habendum clavses hereof, and such Receive~ shall have all the broad and effective fu~a:ons and powers in anyw~se enuusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a mafter of absolute right to said MORTGAGEE, t+~d withovt re(erence to the adequacy w inadeqvacy of the vatue of the property mortgagcd or to the sotvency or insolvency of said MOR~GAGOR o~ the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE anc~ the pradice of such Court. B. To duly, promptfy and fully perform, dixharge, execute, efiect, compfete, comply w~th and ab7de by each and eve?y the stipulations, agreemcnts, condifans and covenants in u~d promissory note and fhis mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomea vested in a person other ihan the MORTGAGOR, fhs MORTGAGEE, its successors and assigns, may, without notice to the MORTGAJR, deal with such successor w successor in interest with referenct fo thia morfgage and the debl hereby secured in the ssme manner as with Mortgago. without in any way vitiating a d~xharging the Aloregagori liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its sutcessors or auigns and no extensio~ of the time 1w the payment of fhe debt he~eby secured given by the MORTGAGE~ or its successors w au~gns, ahall operate to release, d~scharge, modify change or affect the original liabil~ty of the NtORTGAGOR herein, either in whole o~ in part. 10. It is specifically agreed that time is of the essence of this mntract and that no waiver of any obl~gat~on hereunder w of the obligation sr i cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured herby. 11_ In add~tio~ to the fwego'ng monthly payments of princ'paf and interest requ~red by the prom~sscry no!e secvred hereby, mortgagor covenants and agrees to pay to mortgagee vvith each monthly payment an add~~ional sum est~mated by mortgagee to be equai ?0 1 j 12 of the annual cost of the follow- i i~- i A-All real property taxzs -levied or assessed agai~st the above described real esrate. ~ 8-Prem~~~ns on fire and windstorm insurar.ce as here~n requ~red to be carried on the ~m~rovements situate o~ the above described premises. C-Premiums on such mortgage guaranty ir!furance as mortgagee sha~! irom t~me to time deem fit to carry on the loan secured hereby. Mortgagee shai! !rom time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thcreupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter until mortgagea shall notify mortgagor of a change in such ~ amount. Such s~ms shall be apptied by mortgagee toward the payme~~t of real property taxes, i~s~rance prem:ums, and mortgage guaranty insurance premiums. - fN WITNE55 WHEREOF, the said A10RTGAGOR has hereunto set his hand and seat the ~ay and year first aforewid. ~gned, Seal d er in the presence of: ~F,LED ~ANO RECORA~ ~ •n S7. l.U CnEn~C R~E DL ts~aq ~ RF . ~ rs.a~~ ~ 192112 , ~a~, 'i0 APR 13 PM 3. STATE OF FLORIDA ~ COUNTY OF St. Lucie ~ ~ ~C~ ~ a~ r v~ G. B. Walters ;~~ITft~.S a~d Before me II a ared ~ Alliece k'alters rLFRK CtRCIl~ his wife, to me well known and known to me to be the individuals described in and who executed tFx fwegang instrument, and acknowledged before me that they executed fhe sanu fw the purposes ~ therein expressed. And the saiJ Allieee Walters ~ G. B , Walters w~(e of the said upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said inslrumeM freely and volurr ~ tarily and without any compulsan, constraint, apprehensior4~ fes~ of or from her said husband. A. D. 19~_ ~ WITNESS my hand and official seal this f~ day of =1 ~ Notari Pu c in and fw the te of Florida at larys ~ IKy Com ~ssion eapires: _ 6~ / 9 7/ " Return To: i # Firsf Federal Savings a loan Associatioo _ Of Fort P~erce. - `~~~~N ~ it,~f ~f ~r . ~ .~~C~ZN ~n• Staie oeflAride at 1411 , Fort PierCe. Flaida ``~~i.. 1~~/~°•a~~ ~0~1•~SSI~f1 EXQ~ 9' 6~ ~ " ~ JO,., ,i ~e.rw~.a~- , ~ s~ y ~ , Q . ~~9 ~ Q'-.:=~~d ~'.~i - ~ • T ~ : ..`:~i ti~ p' . ~ ' G . = ~ ~ ~I_~- -,,,Si-_•', This Insirument Pre ared B 'Y~~ G' = ~ P Y Richard K.'~y~j' . 3. r,::::c." ~ First Federal Savings & Loan Association 2r~ J r•-• p; of Fort Pierce ~ Florida J~~~D~.,~, .~-Q°-~=~ ~~k~~' . ~ .~r'~ O 0 . ~ p~ • Checked By~t~,Q` U R ~~i~~~ ST~~~~.`. BOOK1~~ PA~E~J8~ ~ - - cf ~ y - - . _ ; - - ~ . . : ~ . , - - ~ . ; _ - - .