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HomeMy WebLinkAbout0232 ? r . 3. To ptaca and co~tinuously keep on tM bui:dinps rtow or Mreafter siru~t~ on said lu+d ~nd on all equipment e~d pcrioi+aliy cover~d by this mort~ •y~, with ~11 premivm~ ther~on paid i~ f~lt, fire insur~nce in tM usual standard polity fwm, it? ~ sum ~pprored by ths MORTGAGEE, and windttorm insurance in ths vsuai itanda~d poliq fam, in a tum ~pproved by the MORTGAGEf, in such tomps~+y or comp+n~es as 1M MORTGAGEE may directj ~nd ~II fire and w7ndstwm inswance policiet on +ny of said buiid~ngs, ~ny tMereit therein or part thereof, i~ tha aggregate ium ~faeaaid o~ In ~zcess Ihereof, shsU contain ths uiual itandard mortg+g~e clause or such oihe~ claus~ ai tM Mwtpagee may requiro, maMinp the lou under sa~d po~4 cies, each and every, payable to said MORTGt~GEE u itt intae~t may appear, and each and eve~y svch policy ihall be promptly +ss:gned and dslivered ~o a~y Mld by uid MORTGAGEE as furthx security to ssid mo+t9aye debt, and: not leu thsn te~ (10I dayi in adva~ce of the expiration of each policy, to da live~ to said MORTGAGEE a renewal thereof, top~~Mr with a receipt fw the premium of tuch renewal; and there shall be no f~re or windstwm i~sura~ce pl~ted on a~y of uid buildings, any in~erest thsrei~ or parl thereof, un~eu i~ the form and ~vith Ihs bu payable as aforesaid; and in the evsnt any sum of money becomes p+yabte u~dC+ such policy or policas said N10RTGAGEE shall have ti+e optan ro teceive and apply the same on accwnt of the indebted- neu secured hereby o? ~o permif aaid MORTGAGORS fo rtteive and uss it w any pa~t thereof for othe? purposes, r~ithout th~~~b/ waivi~y or nnpair- irg any pvity, lien or righl under w by virtue of this mors9ape; and in tM event said MQRTGAGORS shall fw any reason tail to keep the said premises so insured, w fail b deUver prompfly any of said policies of i~surance to said MORTGAGEE, w fait promptly to pay fully any pre~nium therefw a in any respect fail to perform, discharge, execute, effecf, complete, comply with ~nd abide by thii covenant, or a~y part F+ereof, said MORTGAGEE may pl+ce +nd pay fw iuch iniurance or +ny part thereof without waivinp o~ affecting any option, lien, equity, or right ~ndm w by virtue of this Mon9age, and the f~ll amount of each and every such payment sha~l be immediately due and paYable and sAal! brar interest f?om the date thereof until paid et ths rate of nine per ce~tum per annum and to~ether with such interest slwll be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, Gnpsi~ment a deteriwation of iaid property w any pan thereof. S. To pay all snd singulsr tF+e cwb, charges ~nd expenses, including a reuonable sttaney i fee and costs of abstracts of Ntle, incurred o~ paid st any time by said MORTGAGEE, betause w in the event of the failure on the pa~t of the said MORTGAGOR ~o duly, promptly ~nd futl~ perfwm, diuharge, eaecute, effect, complete, comply with and ~bide by eath and every ~he stipulations, agreemer:ts, condi~ions, arv! covenants of said promissory note and this mortgage a~y or either, and sw~d costs, charges and expenses, cach and every, shall be immediately dus and payable; whether w not there be notice d~ mand, sttempt to collect w suit pending; and the full amouM of each and every such paymem shall bear interest from the date thereof until piid d the rate of nioe per centum per an~ium; and all said msts, chargea and expenses incvrred or paid, togethe~ with such interest, shall be secured by the lien of this mwtgage. 6. That (a) in the event of any breach of•this 1Nortgage or default on the part of thr MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severolly become due and payabte, without demand or notits, or (c) in the event each ~nd every the stipulations, sgrecmcnts, conditions and coren~nts of sa~d promiiswy note and th~s mortgage any a eitha are nof iuly, promptly and fully performed, d~schuged, ezecuted, effected, completed, complied with and abided by, then in either w any such event the said a~ gregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and all moneys setured hereby, shall become due srtd p~y- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of mcney were orginally stipulated to be pa~d on such day, anything in said promissory note w in this Mortgage to the cororary notwithstanding; and the?eupon or thereafte~ at the option of ssid MORTGAGEE, vvithout notice w demsnd, wit at law or in eqvity, 1F~erefae or thxreafter begun, may be p?osecuted as if all maxys secured hereby had matured prwr to its institWion. 7. That i~ ihe event that at the beginning of or ~t s~y time pending any suit upon this AM1ortgsge, o? to foreclose if, w to reform it, 6r to enfwce payment of any claims hereunder, said MORTGAGEE shall appty to the Coun having ju~isd~dion thereof fw the appointment of a Receive~, wch Court shal~ Fwthwith appoint a recei~er of said mortgaged prqxrty all and singular, includ~ng all and singular the income, profi!s, iuues and rerenues from whatever wurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speciiically xt ia~h and deuribed in the yranting and habendum clauses hereof, and s~ch Receiver shall have all the broad and efiective funct:o~s and powers in anywise entrusted by s Gourt to a Receiver, and such appointment shatl be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and without reference to the adequacy or insdequacy of the value of the property mortgaged w fo the sorvency w insolvency of iaid MORiGAGOR a the deFendants, and that such rents, profits, income, issves and revenues shall be applied by such Receiver accord~~g ~o the lien or equity of wid MORTGAGEE and the practice of s~ch CouA. 8. To d~ly, promptly snd fully perform, dixharge, execute, ef{ect, complete, compiy with snd abide by each and every the stipulations, agreemenis, conditions and covenants in sa~d promiuory note aru! this mortgage fet~tk~; 9. That in the eveM the ownership of the mortgayed prefnises, a any part thereof, becomes vested i~ a person other than the MORTGAGOR, fhe MORTGAGEE, its succeue~s and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in inrerest with refererxe to this mortgage and the debt hereby secured in the same manner as with lNortgsgor w~thout i~ any way vitiatGg or diuharging the Mortgagors' tiability hera- under w ~pon the debt hereby secured. No sale of the premises hereFsy mortgaged and no forbearance on the part of t1x MORTGAGEE or its sutcessors w asig~s and rro extension of the teme fw the paymeM of the debt hercby secured given by the MORTGAGE~ or its successors or auigns, shall operate to release, d~xharge, modify change or affect the origi~al Rabil~ty of the MORTGAGOR herein, eithcr in whole or in par1. 10. It is specifically agreed that time is of the essence of this contract and that no ~vaiver of any obiigat7on hereunder or of the obligatan se- cured hereby shall at any tlme thereafter be held.to be a waiver of the terma hereof w of the ins~r~ment sec~red herby. 11. In add~tio~ to the forego:ng monthly paym~nts of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgsgee to be equai Io 1 j 12 ot the annual cost of the foiiow- 3 A-All real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and wirtdstorm insurance as herein requ~~ed to be carried oo tht improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgsgee shall from time to time deem fit to- carry o~ the loan secured hereby. ~ Mortgagee shaR from time to time noti(y mortgagor in writiog of the amount dve and payable herevnder and such sum shail thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur.tii mortgagee shall notify mortgagw of a charge in such I amount. Such sums shatl be applied by mortgagee toward tFx payment of real property ta:es, insurarxe prem:ums, and mortgage guaranfy insurance ~ premiums. • ~ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. f Sig . Sealed a eliv in the p~esence of: . ~ ~ , •n ~ n . rse.n ~ ATE OF FLORIDA ~ ~ ST. WCIE cour~n oF ~ Before me personally appearcd HQ~Y D. COZ@ a~ DOr15 COle his wife, to me well known and known to me to be ~ the individwls dewibed in and who exewted the fwegoing irutrument, and ackrawtedged befae me that they executed the same for the purposes ° tF?erein expressed. MJ tF~e sa~d DOY1S S• COI@ ~ wife of the said ~n=y D• COle vpon s sepsr~te and priwt~ ~ examination by me taken separate and apart from her said husband, eckrwwledged fo and before me that :Fie: executed said i~atrument (reely and voluir tarily and without any compulsion, cwutraint, apprehension, or fear of or from her taid husband. i ' WITNE55 my hand and official seal thi~ day of ~ 1 A. D. 192~ ~ 4~-~~~-~=~~~ ~ , Notsry Public in end fw the State of Florida at larpe ~ " = - My Commission tupires: Retum To: > `S~~~N~i 'r^ • - ~ Fint Federsl Savings 3 losn Associat~on '~+!'~;~L: <'Y-N"~l~~~i . ~BI.IC~ iTATE OF flORIDA AT LARCE ~ y~ MY COMMtSS10N D(PIRES SEPT. 23, 197= Of Fort Pierce. ~~~~~~~.~~~~~.Y~~~: J6~i~ B~~ TM~ F~ ~ di~$T~p . CO~ED ~ fort P~erce. Florida ia°~=~'`Lsf V=a ~ ILE A~l~ R~ Y ~t.. 1. ~F ~~CIE COUNTY.'F~a- ~ ~ :~`~~_I!:'~ ' ,.~r.r. ~~~FlG 1 ~j , ~ ' _~.~'•.F"~ i t: S D ~',a:n~`0~-~+J~<J~-K; , a„~7N~~ This Instrument Prepared By J. . ~~~'L ,Qs. •~~i~:,.' y . First Federal Savings 8 Loan Association ';,f.(~ s ~n 2 0 a?~ ; 3 . of Fort Pierce ~ F lor ida 2/ c~ ~ ~ F~ ~ " ~ ; ~ '~~`~~h: H ~tt?~;',,, ~ Checked By~ - • . ~ S BOQ!(~~ ~ r,, ~~rf~C aCI:~T ~OURT = . _ , . . . . 1 c~- ~ . - _ - : : ~ ; _ _ : _ _ _ . .