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HomeMy WebLinkAbout2992 3. To plac~ and continuously keep a? the buildinys now w h~re~fqt utuat~ on ~aid I~nd and on alt equ~pment and perio~ally covered by thi~ mort¢ ay~, w~th all prem~umt ~hereon pa~d in (ull, fire insurance in ~he usual standard policy fo~m, in a•um approved by the MORiGAGEE, end wtndstorm iniurance ie? the usw! ~tandard pol;ty fam, i~ ~ sum approved by ~he MORTGAGEE. in such company o. compa~ies as the MORIGAGEE m~y di~ect; and all firs and w~ndetorm insurance po~iues on any o( said build~og~, any Intere~t tFxre~n or par~ Ihereof, in the agg~egaTe sum afc+resaid o~ In exceu theceof, shall conuin the usual ~tandard ma~gagee clau~e or such other dauae as the Mortyages may reqwre, making ~he loss unde? sa~d poli- cies, oach ~nd every, payable ro•aid MORTGAGEE +f iti inlere~t may appear, and each and every such pot~cy shall be promp~ly ais gned and delivered ~o ~ny held by said MORTGAGEE as (urther security to uid nra+tgage debr, and, not less ~han ten (10) days in edvar.ce oi the expirat~an of each policy, to de- live~ to said MORTGAGEE a renewai thereof, together with a rese~pt fo~ the premium of ~uch renewal; and there shall be no i~:e w w~nd~tonn inswance plKed on ~ny of said buildings, any interest therein or par? ?hereof, unless in the form and wiih the loss payable as aforesaid; and in the event any tum of money becomes payable •~nda ~uch polity w policies said MORiGAGEE ~hall have the opt~on to receive and appty the same on account of the indebted- ness secured he~eby o? ro permit said MORIGAGORS to recaive ~nd uis it w any part thereof for orher purposrs, v.~tiw~t th_•..b~ .vai~in3 0~ ~n.pair- inp any equiry, lie~ w right under or by virtue of this mo:tgage; and in the evenl w~d MORTGAGORS shall fw any reason fail to keep the said premi~es so insured, w(sil fo deliver promptly any of said polities of i~aurancs to taid MORTGAGEE, a fail p+omptly to pay fully any pre~nium therefpr or in a~y ~esped fail ro pafwm, discharge, execute, effecl, complete, comply w~ih and abide by this covenant, or any part he~eof, said MORiGAGEE may place a~d pay fa such iniu~ancs or any part tAereof without waivirg w affeding any op~ion, lien, equ~~y, o+ right under w by virtue of this M«tgage, and the full artw~nt of each and every such payrrKnt shall be immediately due and payabfe and shali bear interest from the date thereof unfil pa~d ~t the rate o1 nine per ce~sum per annum and to~ether with such intere~l shall be secured by the I'~en of this rcatgage. I. To permit, commit or suffer no waate, impairment or deterioration of said property w any part thereof. 5. To pay all ~nd s~ngulsr the costs, charges ~nd expenses, including a rease~able attorney's fee and costs of abstrocts of title, incurred or paid st any time by said MORTGAGfE, becavse or in ~he event of the failure on the part of the said MORTGAGOR to duly, p~omptly and fully perform, d~tcharge. execute, efictl, comptete, comply with a~d ab:de by each a~d every the ~tipulat~ons, agreements, conditio~s, and covenants of sald promissory note and ~hii mo~tgage any or ei~her, and uid cwts, chsrges and expenses, each and every, ahall be immediatety due and payabte; whether w not there be notice d~ mand, attrmpt fo coltect or iuit pend~ng; and the full amovnt of each and every such paymant shall bear interes~ from ~he date thereof until paid ~t the rate oi nirx per centum per~nnum; and all said tosts, charges and expenxs incurred o~ paid, together w~th suth interes~, shal! be secured by the lien of this mortgsge. 6. Thst (a) in iF~e evcnt of ~ny breach of this Mortgage w deiault on the part of the MORTGAGOR, or (b) in the event any of snid sums of money herein referred to be not promptly and fully paid within thirty (30) days neat after the same severaliy become due and payable, without demand w notice, or (c) in the event each snd every the stipulations, sgreements, conditions and covenants of sa~d promiswry rwte and ~h~s nw~tgage any o~ eitFxr sre not ~uiy, prompdy a~d fully perfwmed, d~scharged, e:ecvted, effectetl, tompleted, complied with and abided Sy, then in e~ther or any such eveM the said ~y- gregate sum mentioned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able futhwith, or therca~ter, at Ihe option of said MORTGAGEE, as fully and comp~etely as if all of ~he said sums of money were a~ginally stiputated to be pa~d on such day, anything in said prom~ssory note w i~ this Mortgage to the comrary notw~?hstanding; and thereupon or tf~ereafter at ths opt~on of said MORTGAG~E, without notice w demand, suit at law w in equity, therefwe or thersafte~ begun, may be prosecuted as if all moneyi secured hereby had matured pr~or 1o its institution. 7. That in the event that at the beginning of p st any time pending any suit upon this Nb.tgage, w to fweclose it, w to refwm it, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply fo 1he Court having jurisd~ction thereof for the appoi~tment of a Receiver, sucF~Court shall Forthwith appoint a ~eceivt~ of said mortgaged proQerty all ~nd singular, includ~ng all and singular the irtcome, profits, iuues and revenues from whateve~ source derived, each and every of which, it being expressfy understood, is hereby mortgaged as if speufically set iwth and dexribed in the g~anting and habendum c0auus hereof, and such Receiver shall have all the broad snd ef(eaive funct~ons and povrers in anywise entrust, ourt to a Receiver, and such appointment shall be made by su:h Cou~t as an admitted equity and a matter of absolute r~ght to said MORTGA and wit t reference to the edrquaq or inadequacy of the val~e of the property mortgaged or to the wlventy or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Reteiver sccording to the Iien or equity of said MORTGAGEE and the practics of such Courf. 8. To duly, promptly and fully pe?form, discharge, e:ecute, effetl, mmplete, comply wiih and abide by each and every the stipulat%ons, agreements, co~ditam and covcnants ~n sa~d p~omissory note and this mortgsge set fwth_ - 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successo?s and assgns, may, without nofice to the MORTGAOR, deal with such successo~ w succeisw in intereat with reference to this mortgage and tha debt hereby setured in the same manner as with Mortgagor without in a~y way vitiating or d~xharging the Mwtgagors' liability herr under w upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successors or auigns end no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate to release, d~scharge, modify change a affect the o~iginal liability of ~he MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed that time is of the essence of thit contract and that no wsiver of any obligat~on hereunder a of the obligaYan sr cvred hereby shall a~ any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ' 11. In addrtion to the iorego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addirional sum estin,ated by mortgagez to be equal to 1% 12 of the annual cost of the foflow- in): j A-All real p~operty taxes levied or assessed against the above described real estate. ~ B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts sifuate on the above dascribed premises. j C-Premiums on su:h mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shatl from time to time notify mortgagor in w~iting of the amount due and payable hereundrr a:x! such sum shall thereupon be due and ~ payable on the due date oi the next monthly payment and each success~ve month thereafter ur,til mortgagee shall notify mortgagor of a change in such ~ amount. Such •sums s4~all be applied by mortgagee toward the payment of real property taxes, insurance prem:vms, a~id mortgage guaranty insurance I premiums. ~ ~ IN WITNESS WHEREOF, the said MORTGAGQR has hereunto xt his hand and seal the day and~f ar irst afwe~ `'d~. ~1~~-_ Si . Sealed and li ed i the presence of: ^ C / ~ / ; ~ ~r `a ~a ~ ~~r 4 , x°~ (Sea!) Sea~ STATE Of FLORIDA COUNTY Of St . Lucie ~ ~ f ~ Before me penonally appeared Charlie Evans • Anc~eline EVdflS his wife, to me well knawn and known to me to be the individwls described in and who executed the fwegang instr~ment, and acknawledged befwe me that they executed the same for the p~rrposes ~ therein expressed. Md the sa~d Angeline BVd11S ~ Charlie h~+ans ~ wife of the wid upw~,++ ~ and priwte examination by me take~ separate and apart from her ssid husband, acknowledged to and befwe me that she executed sai~~~a1eM~~~fy snd volvrr ~ tarily and without any compulsion, constraint, apprehension, fear of or from her said husband. h-~ ~~~i~ ; ~ ~ WITNE55 my hand and official seal thiL day of~,nril 2.~w;~~"~~'~~14..1.Q { . ~ ~ ~ • • ~ L • ,r•~_'~~ ~a . - q"`..... ~ ' ~ Notary Public in snd f ~ ~ ~if.~~ y e _ My Commiuion enpirefs- ~ : ~ ~ . . ~ h , ~,/s/j? ~ ~ a Retum To: ~ ~ . fIq' : <l . ~ First . fsd~ral Sav b loan Assoc~et;on Q l~ C ~ ~ E , ~•~~f~j - f.. - ~'1r.- ; Of F~ort Plerce. ~ .~41~~~~V~~i, ~L~a.'~:*.~~~ ~ ~ v~~~ vc~rtr-"ED ~%,,/.7.~ ~T;:t~ ~ Fort Pierce, Florida v ~ ~ 19211~ . . u e; This Instrument Prepared By RiChdrd K. Kay~7e~ QPR ~ 3 R~ 3. 0 ~ / First Federal Savings & Loan Association ~ -y~.~ ~L r of Fort Piercq Florida ' ' 0'`~~ ~ t:A~~~ . Qix~,aS ~ Checked By ~ CL€RK GiriCUl~ COURT ~ :r 0 R 10~ PAGE~9~ ~ BOOK _ ; ~ . ~ ri C ~ a _ 7. Y _ . . . . . _ ~ . , _ _ _ ' . . _ _ . "t:r~...~'