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HomeMy WebLinkAbout0175 3. To plac~ and contiouously ke~p on tl+~ bui;dirps now w hereaft~~ ~~tust~ on is~d I+od and on all equipment and p~rso~ally cove~ed by thi~ mort9- p~, with ~1) premiumt therton pa~d in full, fire iruuranc~ in tFN usual standard policy form, in • sum approved by the MORiGAGEE, and windstorm ~niuranc~ In the usual uandard pol~cy form, in + tum ~pproved by the MORTGAGEE, in such company or tompanies as ~he MORTGAGEE may di~etl; and all tir~ and wi~d~~orm iniw.ance policiss on anY of uid b~ild~nys, any interest therein or pa?~ thereoi, i~ Ihe aggregate tum afwcs+id w in ~xtets thereof. shatl contain ths vsual standard mortgsgee t~avtt o~ auch other da~se as the Mortgagee may requ~rs, makinp ths lou under sa~d poli~ cie~, each and every, payable to said MORTGAGEE ai its imerest may ~ppear, and each and every such policy shall b~ promptly au gned snd delivered to •ny,held by iaid MORTGAGEE as further security to ssid monpage debt. and, not leu than ten (101 days in advance of the expiration of each policy, to de- IivN to said MORiGAGEE • renewal thereof, together with • receipt fw the ptemium of suth renewal; and thare shall be no fire or windstorm ituurante pl~ced on ~ny of said buildings, a~~y interest therein o~ part thereof, unless in the form and with Ihe loss payable as af«esaid; and in ?he event any sum of mw~ey becomes payable u~der such policy or policies sa~d MORTGAGEE shall have the option ro receive and app~y the same on accouM of the indebted- neu secwed hereby or lo permit said MORTGAGORS to ~eCeive ~nd ust it q any part thereof la othcr porposes, without th_~eu~ waiving or tmpair- ing any ~quity, lien or ri9hf under w by virtue of thi~ mor.ya9e; ~nd in ths event wid MORTGAGORS shatl fa any reaton fail to keep 1he ta~d pramises so insurad, a fail b deliver promptly any of said polKies of insurarxe to said MORTGAGEE, w fail p~ompily to pay fully any premium therefor or in any ; re~pect fail to perfam, dixharge, execute, e~ted, complete, comply with and abide by this cove~ant, or ~ny part hereof, said MOATGAGEE may place and i pay fw s~th insuranc~ or ~ny part thereof without waivirp or ~ffecrin~ any option, lien, equity, w ~ight unde? o~ by virtue of this Mortgage, u~d the ~ full ~mount of each and every such payment shall be immediately dve and payable snd shall be+r interes~ from the date thereof until paid at ths rate of nine Fer centum per annum and together with such interest shall be secured by tF~e lien of this mortgsge. 1. To permil, commit or sufier ra wasts, impa'ument or deterioration of said w an rt thereof. ~ W~~~Y Y W 5. To pay 311 snd sinpuls? the costs, charges +nd expenses, including s reasonable attwney i fee and costs of abstracts of titte, incurred or paid at any tirne by said ~AORTGAGEE, becauu or in the event of the failure or~ the pan of the said MORiGAGOR to duly, promptly and fully perfwm, dixhargq ~ execute, effect, complete, comply wilh and ablde by each snd evcHy the stipulations, agreements, conditions, and covenanfs of sa~d p?o+nissory r+ote and this mortgaga any or ei~he~, srxJ said cosn, charges +nd expenus, each and every, shall be immediatrty due snd payable; whe~her w not there be no~~ce do- mand, attempt to colktt or suit pend~og; and the full amouM of each and wery such psymeN shsll bea~ interrs~ from the date tfiereof until paid st the rate of nine per ceMUm pe? annum; and all said msts, tharges and expenses intu~red or pa~d, together wdh suth interest, ~hall be secured by the lien of thiu mortyage. 6. Thaf in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) in the evenf sny of said swns of money herein referred to be rwt promptly and fully paid within thirty (30) days next after the same sevratly becane due and payable, wifhout demsnd or notite, or (c) in the event each snd every the stipulations, s9recnxnri, cw~d~tions and cove~ants of sa~d promissory note and th~s mortgage any a either sre not ~uly, p?omptly and fully perfwmed, d~uharged, executed, effected, completed, complied w~th and abided by, then in either w sny such eveM ths taid a¢ giegate wm me~tioned in said promisswy note then remaining unpaid, with interest acaued, and aU moneys secured hereby, shalf become dw and pay- abte fwthwith, or thereatter, at tF~e option of said MORTGAGEE, ss fully and completely as if all of the said sums of money were originally stipulatcd to be pa~d on such day, anything in said promissory ~ote w in this Mwtgage to the contrary notwithstanding; and ~hereupon a thereafter at ~he option of said MORTGAGEE, without notice or dem+nd, suit at law ar in equity~ 1I1NlfOf! Of 1FiHNf1N begun, may be prosccuted as if all moneys secured hereby had malured pnor to iri inslitution. 7. Thst in the event that ~t the beginning of w at any time prnding any suif vpon this Mortgage, a to fweclose it, or to reform it, or to enfwos payme~t of any claims hcreunder, taid MORTGAGEE shall apply to the Court having jurisdictio~ thereoi for the appointment of a Receiver, such Couri shsll ~ Fathwith ~ppoint a receiver of said mortgaged proQaty sIl and singular, including all and singular the income, p:ofits, issues and revenues from whatever wurce derived, each and every of wh;ch, it be7ng expresaly understood, is hereby mortgaged as if spec;ficalty set forth and described in the granting and ' habendum clauses hereof, and s~ch Receiver shall h~ve all the broad and effeciive funcnons and powe?s in anywise er+tru:ted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity aod a matter of absolute right to said MORTGAGEE, and witF?out refercnce to the ' ed u or in of the value of the mwt ed ar to the sotve o~ insolvenc of said MORiGAGOR or the defendann, and that such ~ e9 ~Y +~Q~Y W~<<Y 9a9 ^~Y Y ! rents, profin, iocome, iuues and revenues shalt be applied by such Receiver according to the lien w equity of sa~d MORTGAGEE and the practice of such f Court. 8. To duly, promptly snd fully perform, dixharge, execute, effed, complete, compFy with and abids by each and every the stipulations, agreementt, ~ conditions and covmants in said txomiuory ~ote and this mortgage xt fwth. ~ ; 9. That in the event the ownership of the mortgaged premises, w any part tFiereof, becomes vested in a person other thsn 1he MORTGAGOR, ths MORTGAGEE, its successors snd auigns, msy, without ~otice to the MORTGAOR, deal with such successor or successor in interest with reference to this ; mortgage and the debt hereby securrd in the ssme manner as with Mortgagor without in any way vitiating w dixhargi~g the Mortgagors' (iability hera ' under or upon the debt hereby secured. No ssle of the cremises hereby mwtgaged and no forbearance on the part of the MORTGAGEE or its successon ; or euigns and no extension of the time for the payment of tFe debt hereby secured gir•en by the MORTGAGE' or its successors w assigns, shall operate to rekase, d~scharge, modify change or affect the wginal liab~l~ty of the MORTGAGOR herein, eilher in whole or in part. 10. It is spec7ficalty agreed thst time is of the eaxnce of this contrad a~d that no waiver of any obligation hereunder or of the obligafion se- cvred hereby shall af any time thereaiter be held to be a waiver of the terms heffeof or of the i~st~ument secured herby. 11. In add~tion to the fo?egoing moMhly payments of prin~ pal and interest required by the prom~uory no!e secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthty payment an add~rional sum estfma~ed by mortgagee to be equa! to 1/12 of the annual cos! of the follow- . ~ A-All real property taxes levied or assessed against the above described real estate. B-Premiums on iire and windstwm insurance as here~n requ~red to be carried on the improveme~ts situate o~ tFie above described premises. C-Premiums on such mwtgage guaranty insurarce as mortgagee shall from time to !ime deem fit to tarry on fhe loan secured here6y. i Mortgagee shail from time to tirrx notify mortgagor in writing of the amouM due aod payable hereundrr and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a change in such ~ amount. Svch sums sFall be applied by mo~tgagee toward the payment of real property taxes, insurance p?erR:ums, and mortgage g~aranty insurance ~ premiums. • ~ IN WITNESS WHEREOF, the said MORTGAGOR hss hereunto set his hand and seal the day and year first afwesaid. ~ Signed, Sealed a elivered in the presence of: ~Y ~ AIII1~@ _ ~ Barnetty a (Sean ; - W1C~OW a4 ~ SeaD s~.n STATE OF FLORIDA ~ . ST . WCIE ~ counin oF ~ Before me personally appeared A~ie BaZI16tt ~ a M1C~OW ~ Dllle Chat~Ori and Mary i2• Chataon his wife, to me well krwwn and known to me to be ~ ~ the individwb described in and who executed the fore9oiny instrument, and acluiowledged before me that they exe:uted the same fa the purF~oses - A a MarY R. Chatmon ~ ~n~?~u, ~xP.essed. nna rhe ss~ wife of the wid ~llle C~11t~On upon a sepsrate and privats ~ exsmi~aYw~ by me taken separate and aparf fran her said hvsband, sdcnowledged to snd befae me that she executed said instrumcnt tteely and volurr ~ rarify and without any compulsion, constraint, epprehension, w fear of w from her said husband. ApYll A D. 1970 ~ WITNE55 my hsnd and officisl seal thi=T~ day of ti _ ~ s ; . tary Publ"K in end for t State of f{orida at lar~t ~ a MX Canrniuion expires: Return To: .,~~,e~u~~r~r~,; NOTAitr rUBL10. STATE OF flOR10A A~IA 97~ ~ Fint Feder+l Savings 3 tosn Auociation `.~'~,,MY COMMISSION EXPIRES SEPT. v Of Fort Pierce. BONDED iHR~ f~D OIESiEtHORS~ ~ . ~ v~e«<. Flwida 'r - r: -sc~ j : FILED~ ~ND RENOR~f : ~ ~ - ° • I.UC~E COU T a ~ -~.[`.:`.~i:~:;i-- S~.~rr!;••~, ~rC. ~ : ,t . ~ 1~~~~~~ . ,J.' ~ This Instrument Prepared By John W. CqY~~~(=~,-g ~ First Federal Savings b Loan ~ssociation %,~~j'•;: n ~7 pP~. ~ ' of Fort Pierce , Florida ~J c;~ ` " ~ '~~~~~~:i11i/1~~~~~,,a``` ~ Checked BY ~ . ~ _ : " S ~ U R ~ r, c~RiC ~IRCUIT COURT 80DK PAGE ~ ~t _ ~ ~ ~r ~ _ _ - _ : ~ _ .