HomeMy WebLinkAbout2996 3. To place end continuousiy ke~p on 1M buitdinys now a h~reafter ~ituat~ on said land and on sll equipment a~d personaify covered by this matg-
egs, with all premiumi Ihereon paid in full, fire insurance in the usu~l itanclard pol~ty (orm, in a sum appro+ed by the MORiGAGEE, a~d wind~twm
insurance i~ 1he usual •~andard pol~cy 1am, in a sum ~pproved by the MORTGAGEE, in such company or companies as the R~ORTGAGEE may
direct; and all fire end wind~torm insurance policies on anY o( said build~ngi, ~ny interast therein or part the~eof, in the a99regare sum aForesaid w
ln excet~ thereof, ahall contsin the usual standard mortgagee clause or such other clause as the Morigagee may tequ~ro, making the loss under aaid pol~
cie~, each ~nd every. psyable to said MORTGAGEE as its interes? may ~ppear, snd each and every auch policy shall be promp:ly ais gned and de~ivered to
any held by uid MORTGAGEE ss fur~her security to said mo~tyage deb1, and, not tess than ten (10) days in advance of the expiranon oi each policy, to da
liver to iaid MORiGAGEE a renewal thereof, to~ether with a ~eceipt fw the premium of such renewal; and there shall be no f~re or windstorm insurance
pl~ced on +ny of said buildings, any interett tFxrein u part thereo4, unless in rhe fo~m and w~th ~he loss payable as aioresaid; and in the event any sum
of money betomes payable under suth polity o~ policies wid MORTGAGEE shall have the option to receive and appty the same on atcount of the indebted-
~ess secured hereby w to pe~mit iaid MORTGAGORS ro receive and use it o~ any part thereof for othor purp~ses, .v:~no~t 1h_~ru~ .va~~~~~g o. ~+npair• '
ing any equ~ry, lien o~ r~ght unde? a by virtue of thii morrgage; and in the event sa~d MORiGAGORS shall ~a any reaso~ fail to keep the sa~d premises se z
insured, or (ail fo deliver promptly any of said polities o( insurante to said MORTGAGEE, a fail promptly to pay iully any prernium therefor or in any ~
respect fail to pe+ium, discharge, execvte, effect, compfete, comply with and abide by thts covenant, or any part hereof, said MORiGAGEE may place and i
pay fa tuch insurancs or any pa?t thereof wi~hout waiving w affacting any opGon, lien, equ~ty, or right under o~ by v~rtue of Th~s Mortgage, and the
lull amount of eath and every suth payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the ratt ol
nine per ce~tum per annum and together with such interest shall be secured by the lien of this matgage.
1. To permit, tommit or suffer no waste, impairment or deterioration of said property o? any part thereof.
5. To pay all and singula~ the costs, charges and expenses, intluding a reawnable atto~ney's fee and costs of abstraUa of title, incurred or pa~d at
any time by said MORTGAGfE, because w in the evene of Ihe faiiure on the part of the said MORiGAGOR to duly, promptly and fully perform, discha~ge,
execute, eifcc?, complete, comply with and ab~de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this
mwtgage any or ei~Fxr, and sa~d costs, charges and eapenus, each and every, shall be immed~ately due and payable; whether a not ihere be not~ce d~
mand, attempt to collect or suit pend~ng; and the ful! amount of each and every such paymenf ahall bea. interest from Ihe date thereof until paid at the
rare of n~ne per centum per amium; arx! all said costs, charges and expe~ses incurred or paid, tegether w~th such interest, shall be secured by the lien of thi~
mortgsge. .
6. That (s) in the event of any breach of .this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d svms of money
herein referred ro be not promptly and fully paid within thirty (30) days ~ex! after the same seve?atly become due and payable, wi~hout demand or notice,
or (c) in the event each and every tFx stipulateo~s, agreements, cond~t~ons and covenants of sa;d promi:wry note and th~s mortgage any or e~the~ are nof
~uly, promptly and fully performed, distharged, exetuted, effected, completed, complied with and abidrd '~y, then in either o~ any such event t1N taid ag
~regate sum mentioned in said promissory ~ote then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay-
ab~e forthwith, w thereafte~, at the option of said MORiGAGEE, as fully and comple~ely as ii all of the said sums oi money were wiginatly it~pulated
to be paid on such day, anything in said promissory note or in this Matg~ge to the contrary notwithstanding; and thereupon or thereafter at the option of
said ARORTGAGEE, wirhout notice or demand, su~t at law or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured htreby
had matured pnOr to its institution.
7. That in the event that at the beginn+ng of a at aey time pending any suit upon this Mwtgage, or to fo?eclose it, or to reform it, or to enfwcf
qayment of any claims hereundei, seid MORTGAGEE shaH apply fo the Court having jurisd~crion thereof for the appointment of a Reteiver, such Court ahall +
foithavith appoint s receiver of said mortgaged prooerty a21 and siryu~ar, includ~ng all ar.d si~iguiar the income, proi~ts, issues and revenues from what~ver
wurce derived, each and every of which, it be~rg expressly undersfood, is hereby mortgaged as if spec~fica(ly sN fath and descri5ed in the granting and
habendum clsuses hereof, snd such Receive~ shali have alt the kxoad and effective funcnons and powera in anywise entrusted by a Cou~t to • Receiver, ~nd
tuch appointme~» shall be made by such Court as an admitted equity a~d a matter of absolute right to said MORTGAGEE, a~d without refe~ence ~o ths
edequacy a inadequacy of the vaf~e oi flu propeny mwtgaged w to the wlvency or insolve~cy of said MORiGAGOR or the defendants, and that such
rents, profits, income, issues a~d revenues shall be applied by such Receiver according to the lie~ or equity of uid MORTGAGfE and the pradice of such
Court.
8_ To dvly, prompfly and fully perform, diuharge, execute, effett, complete, comply with and abide by each and every the stipulations, ~greementi„
conditions a~~d cove~ants in said promisswy rrote and this mortgage set fwth.
9_ That in the event the ownersh~p of the morfgaged premises, or any part thereof, becomcs vested in a perwn oTher thsn ihe MORTGAGOR, th~
MORTGAGEE, in tuccezsors and assigns, may, without notice to the MORTGAOR, deal with such successor w. successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w discharging tfie Nbrtgagors' liability herr
under or upon the debt hereby secured. No sale of ihe premius hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its' succesw~s
or assigns and no extens~on of the time for the paymero of the debt hereby secured given by the MORIGAGEE or its successors or assigns, .hall operat~
to release, d~scharge, modify change w affect the orig~nal liabil~ty of tFie MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the wligatan ts-
arred hereby shait at any time thereafter be held to be a waiver of the terms hereof or of the instrument secu~ed herby.
11. In add:tio~ to the fwego:ng monthly payments of princ'pal and interest required by the prom~ssory ~o!e secured here'oy, mortgago? covenany
and agrees to pay to mo:tgagee v.ith each monthly payment an addirional sum est~ma~ed by mortgayee to be equal to 1/12 of the annual cost of the follpnr-
ing: _
A-All real property taxes levied or assessed against the above desvibed real estate.
B-Premivrns on fire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises.
C-Premi~ms on such mortgage guaranty ~nsurance as mortgagee shall from t~me to ti,ne deem fit to carry on the loan secured hereby.
Nbrtgagee shail from time to time notify mortgagor in writing of the amount due and payable hereundrr and such som shall thereupon be due and
~ayable on the due date of the nezt monthly payment and each successive month thereafter ur.til mo~tgagee shall notify mortgagor of a change in such s
amount. Such sums sF.a:l be applied by mo.igagee toward the payment of rea~ property taxes, insurance prem,ums, and mortgage guaranty insurance
~ premiums.
~ IN WITNESS WHERcOF, the said MORTGAGOR has hereunto xt hi: hand and seaf the day and year i st afor said.
{ ~oed, Se a d ~ ed the ~esence of: FILEO AND RECO E
~ ~T. LUCfE COUN
r` 0%(Z = R' Sean
~ ~ ' Q 1921 ~ "
. cse.n
STATE Of FLORIDA ~~O f1f R I~ PM ' ' ~
$t • L.L1C~@ ~ ~ C ~
couNn oF
7'.~.' Y`_,•) "l.~iT'i~' NS ~ 1
~ defore me perwnally appeared ' a^d :
M~~.dY@C~ B. RO~ ~ ~E R his wife, to me well known and known to me to b~ s
the individuais desuibed in and who exetuted the fwegang instrument, and acknowledged before me that they executed 1Fx same for the purposes ;
~ therein exp?essed. And the said ~1C~!@C~ B• RO~ '
~ wite of the uid John Robert Roha upon e separate and p?irat~ ,
~ e~amination by me taken separate and apart f:om her ssid husband, adu+owledged to and before me that sl?e executed said instrument fre~ly and volun~
~ ta~i{y and without any compulsion, constraint, apprehens~~or fear of or from her said husband.
~ WITNESS my hand and official seal thi~ A~ day of ril A. D. 19_ZII..
.Y
~
~ Not~ry Publ' ~n and for the tate of Florids at larye
~ ~ I I
~ r C~. ~ r L v~; My Comm" ion eapires: ~ic.J . G / 9~j /
~ ~ c~ y~.__ DOCUV~P~T~~`•• S~..t•4P T`:t :'~:ary ~.~M'~, Strk of Ror:de at L r
q e
~ Fint Federsl Sa. ~ o -
~ - of - ~ ~ = tire~is ~ = ! ,s~c ` ~,.•t;'' ~jo~~ fa;,:rzs ~;Q. 6. I971
p . - . i~ ~ ' ~MM~w F~n a C.swky ~
. . Fo?t P N U r I~ O j ~.1 ~v~,.~~.;.~ n R;
CPM~TRCIi R~;~-~ ' _ . J~~•_- ~:s'~i~d
P.~. 19~:38 ~~c`~~,..•~ - - '>r~~Q: ~ ~06:3 ;
.,'J ~ ~~t ~.1~A~~~~r ~
~ ~`r~ _~l ~1~
This Instrument Prepared By Js~s D. Chasta~ a}' Z
~ ~ Q~-e~~ ~
~ First Federal Savings 8 Loan Association - :
~
r `.~Y ~ Y-
~ • of Fort Pierce~ Flo=ida ~ ' .
~si~~"'•, ~Q=~~
~ , ~4• ~ .
~ ~,p • _ . i~ p ~...y. 4 ~ti .
Checked By 1~d S~~~.~.~``~ t-
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~ 800K~8~ PACE29~ . ~
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