HomeMy WebLinkAbout0715 Z. To piace and continuously keep on tha bui!dinga now or hereafte~ ~~tuate on sa~d land and on ail equipment and personally covered by 1bi~ matg-
age, w~ih ail premium~ the~cw~ pa~d in (uN, fire insu~ance ;n ~he usual standard poi~cy iorm, in a sum aHproved by the MOR(GAGEE, and w~ndstorm
Snsu~ance in the usual standard polacy form, in a sum approved by the MORTGAGEE, in iuch company or co~npan~es as the MORTGAGEE may
diresh and all fire and w~ndstorm insurance polic~es o~ any o( saet! buitd~ngs, any inte~est the~ein or part thereof, in the aggregale s~m afaesaid w
in excess thereof, shall contain the usual standard mwtqagee clause o~ such other clausa as the Mo~~gagee n,ay ~equ:re, making the loss undrr sa~d poli-
c~es, eath and every, paya5le to said h10RTGAGEE as ~ts interest may appear, and each and every auch poiicy shall be promptly ass gned and delive~ed ~o
any held by said MORIGAGEE as further secwity to sa;d mortgage debt, an~, no1 Iess than ten (10) days in adrance of Ihe expirahon o! each potity, to de-
liver to said MORTGAGEE a ~enewal thereof, together with a reteipt for the premium of such rer.ewa~; and ihere shall ba no f~re or windsto~m insurance
placed on any of said buitdings, any iNerest therein w perr thereof, unless in ehe (o~m and w;th 1he loss payable as a(o~rsaid; and in the e~ent any sum
of money becomes payable under such poGcy w poGcies said MORTGAGEE shall have ~he opt~oo to receive and app!y the smne oo acco~nt of the i~xlebted-
ness secured hereby or to permil said MORTGAGORS to reteive and use it a a~y part the:eof for o:ii~r puri~csrs, vn~h~ut rh ~r~ o~ ~vicewin3 or ~mpair-
ing any equity, lien er right undei or by virtue of this mo~tgage; and ~n the event ta:d MORTGAGORS shatl fw any ~eason fail to keep the said premises so
insured, w fail to deliver pramptly any of said.po~rc~es of insu~ance fo said MORiGAGEE, o+ fait promptly to pay lu~ly any pre~~~~um therefor oi in a~y
respect fail to perform, d~scharge, execute, e(lect, compte~e, comply wirh and ab;de by th~s cove~an~, or any pa~t hareof, said MGRTGAGEE may pfsce and
pay fa such insurance o~ a~y part thereof without waiving w affecting any option, I;en, equ~?y, w righl under or by virtue of fhis Mortgage, and the
full amount of each and eve~y such payment shal~ be immediately due and payable and shalt baar interest from tirr dare thereof unt;! paid at the rate of
nine per centum per annu,n and to~ether wi~h such interest :hali be srcured by the lien of this mortgage.
To permit, tommit w suffer no waite, impairment or deterioration of sa~d property a any part thereof.
S. To pay all and singular the costs, charges and expenses, ~nclud~ng a reasonable attaney's (ee and costs of abst.acts of title, i~curred or paid at
any time by aaid MORTGAGEE, because w in the event of the taiiure o~ the part of the said MORIGAGOR to duly, promptly and fully perform, dixharge.
execute, efiect, complere, tomply w~th and ab:de by each and every the stipulat~o~s, agreements, conditio~s, and covenants of said promisso~y no!e and this
mwtgage any or either, and sa:d costs, charges and expenses, each and eve~y, shall be immcdiately d~e and payab!e; whether or not there be norice da
mand, atrempt to cott~r or suir pendi~g; arrd the full amounl of each and e~ery such payme~t shail bear inr~rest from ~he date thereof until paid at the -
rare oI nine per c.:ntvm per ann~m; and all said costs, charges and expanses incurred or paid, together w~th suth interest, shall be secured by the lien of lh~s
mprtgage.
6. That (a) in the event of any breach of this Mortgage or default on tlw part of the MORTGAGOR, o~ (b) in the event any oi said sums of money
herein refe~red to be not promptly a~d fulty paid within thirty (30) days next ai~er the same severa!ly become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, agreemems, condrtio~s and tovenams ot sa:d pro,nissory note and fh~s mongage any or either are nol
iuly, prompily and fully performed, d~scharged, ex:::;`ed, e~fected, compteted, compl;ed w~th and a6~ded `ay, then in e~ther or any suth event the said ag
gregate sum meroioned in sa~d promissory note then remaining unpmd, with intere;t accrued, and all moneys secured hereby, shatl become due and pay-
abfe forthwith, or thereafter, at the option ot said MOR7GAG[E, as fully and completety as il all of the said s~ms of mo~ey were or~ginally st~pulated
to be pa~d on such day, anything in sa:d prom~ssory note o? in this Mortgage to the comrary notwithstand~ng; and thereupon or thereafte~ a~ the opt~on oi
said MORTGAGEE, without notice or demand, suit at (aw or in equity, therefore or thereafrer begvn, may be prosecufed as if al! moneys secured hereby
had maNred pnor fo ~ts institut~o~.
7. That in the eve~t that at the beg~nning of w at any time pending any suit upon this Mortgage, a to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jvr~sd~ction thereof for the apµointment of a Rece+ver, such Cou~! shall
fo~thwith appoint a receiver of said mortgaged prooerty all and s~~gular, includmg aiI and s~ngular the incc+me, profns, iswes and reven~es from whatever
source de~ived, each and every of wh~ch, it bei~g expressly understood, is hereby mortgaged as if spec~fically set forth and described in the 9ranting and
habendum cfavses hereof, and such Receiver shall have aN !he broad and effect;ve funct.ons and powers in anyw~se ent~usted by a Cou~t to a Receiver, and
s~ch appointment shall be made by such Court as an admitted equity and a malter of absolute right to said MORiGAGEE, and wifhout reference to the
adequacy a inadeq~acy of the value of the property mortgaged or to the so~ve~cy or inso!vency of said MORTGAGOR or the defendanrs, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver according to the tien or equity of sa;d MQRTGAGEE and ~he practice oi such
Court.
6. To duly, promptly and fully perform, d~scharge, execute, eifed, complete, compty with and abide by each and every the s~ipulario~s, agreements,
co~ditions and covenants in sa~d peomiszory note and ihis mortgage set forth.
9_ That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor o~ succe:sor in interest with reference to this
mor~gage and rhe deot hereby secured in the same manner as w;tb lAortgagw w~thovt in any way vitiating or d~scharging the Mortgagors' Iiability F?ere-
under or upo~ the debt hereby secured. No sale of the premises hereby mortgaged a~d no iorbearance on the part of the /J~ORTGAGEE or its sutcessNs
or assigns and no extens~on of the tfine for the paymenl of the debt he.eby secured given by the MGRTGAGEE or ;ts sutcessors or auigns, ahall operate
to re!ease, d~scharge, modffy change w aifect the wiginal liabil~ty of the MORTGAGOR Fxrein, either in whole or in part_
10. It is speuficaUy ag~eed that time is of the essence of this contract and that no waiver of any obtigation hereunder or of the ob(igaYwn se-
cured hereby shaif at any time thereafter be held to be a waiver of the terms hereot or of the instrurt+ent secured herby.
11. In add.tio~ to the forego'ng momhly payments of princ'pa! and interest required by the p~om;sscry no!e s.^cured hereby, mortgagor covenants
and agrees to pay to mc,rtgagee with each monthiy payr:ent an add~rional sum esNmared by mortgagee to be equal to 1~ 12 oi the annual cost of the foUow-
ing: ~
A-AII real prope~ty !axes ~evied or assessed agai~st ihc above described reaf estate.
B-P/U~111U~~tS on fire and windstorm insurar.te as here~n requ~red to be carried o~ the improveme~ts situate on the above described premises_
C-Pre~ni~:~~s on s~ch mortgage guaranty ir.surance as mortgaaee shall frorr t:me to ti~ne deem fit to carry on the loan secured hereby.
Mortgagec sna:l from time to time notify mortgagor in w~iting of the amount due and payable hereundar and suth sum shall thereupon be due and
Fayable on the du-r eate of the next monthty payment and each success+ve monrh thereaf~er ur.fil mortgagee sfiall notify mortgagor of a change in such
amouM. Such sums sha:l be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance ~
premiums.
IN Y~ITNESS 'l~H~RiOF, rhe zaid MOR AGOR has hereunto set h;s hand and seal the day and year (irst aforesaid.
Sig~Seafed and delive in h presence of: A,/}~~
. .cs~.n
(Seap
i
- n
- ~Sea4
STATE OF FLORIDA 1
COUNTY OF S t. L uc ie j ~
eefore me personally appeared DOrszy Jones
1•Id,TIIl6 Jone~ his wife, to me well known and known fo me to be
the individuals described in and who executed the fwegoing inst?ument, and ack~owtedged before me that they executed the same for the purposes
therein eapressed. And the sa~d Mamie .~OY1~5
.
wife of the said Dorsey Jp1t~S ypyn,~ r~and pr;rate
examination by me taken separate and apart from her sa~d husband, atk~owtedged to and befwe me that she executed sr~d ids~r~~~ly~qnd voluo-
tarily a~d without any compulsioo, tonstraint, apprehension, ~~fear of or from her said husband. ; !
WITNE55 my hand and offidal seal this day of_ A rll ~ ~v ~ Q
- p~
- : , = _
' Notary Public in and for tFe •SA ~ i' "
~ ~
My Commissioa expires: N ~ ~ ;
Return To: , Y~-~~- Q ~
First Federal Savings ~ lwn a~~«~ar~o~ FILED AND RECORDED . p~ '
o? Fo.? V~e~ce. jT. LUCIE COUN7Y. FLA.
S•~ .
Fort Pierce. Florida i'1=;'~iE?~; VcR~~l~~ '~r~~r~,~,~t•~~•~~' .
192683 ~ _ , .
~ p p~~ 27 PM 2: 42 C~cnu.~w. :s~o. ~
This Instrument Prepared By R ic hat d~. K aye s J'o~ - 3-"r ~
First Federal Savings & Loan Association C ~ a,~,~~
of fort Pierc~ Flpricla a
;•.t~~.if i<. r C111, S
Checked By CL~RK CIi2Cl11T COURT~
BOOK 184 PACE . (1~