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HomeMy WebLinkAbout0825 3. To place +nd conti~uousiy keep on the buiid~ngt now w henaft~r ~ituate on sald land and on all equipment and personally cove~ed by this matq- e9~, with all prsmivms thereon paid in tull, iire insurence in the usual trandard policy form, in a sum approved by the MORiGAGEE, and windstam insurance in ~he usual iranda.d po~~cy iwm, ie? e sum approved by the MORTGAGEE, in sush company or compan~es as the MORTGAGEE may direct; and all fire and w~ndsrorm insurance po~icies on sny of said build~nfls, any imereet therein or part thereof, in the aggregate tum aforesaid or ~ in extess thereof, shall contain the usual standard ma~gagee clauie w such other clauu as 1he Mo~tga9ee may require, maMing the ioss under said polf . cie~, each and eve~y, payable to said MORTGAGEE as iti interesf may sppear, and each and every such pol~cy shall be promptly ass.gned and del~ve~ed ~o ~ •ny heW by ssid MORTGAGEE as iurther security ~o ssid ~~ortgage deb~, and, not leu than ten (10) days in advance of the expiration of each policy, to dr i liver to uid MORTGAGEE a renewal thereof, together with a receipt fw the premium of such renewal; and ~here sfiall be ~w i~~e o? windsto~m insurence ~ placed on a~y of said buildings, any imerest there~n or p~rt thereof, unless in the (orm and with the loss payable as aforesaid; and in the evenf any sum ~ of money becon+es payable undrr such policy w polrcias said MORTGAGEE shall have the opron to receive and apply the same on account of the indebted- ~ neu secu~ed he~eby a ro permit said MORTGAGORS ro receive and vse it or any part thereof f~r otn_r purposes, v.iihout th~+cu~ .vs~vin~ or m~pair- ; ing any equity, lien a righ~ under or by virtue of tF.is mo:•gage; snd in the event sa~d MORTGAG0~25 shall fw any ~eason (ail to keep the said premisrs so ~ insured, or fail lo detiver promptly a~y of said pol~cie~ of insurance to said MORTGAGEE, or fai! promptly ~o pay fully any pre~»~um therefor or in any respecf fail to pertwm, d~scharge, execute, effect, complete, comp~y with and abide by this covenant, a sny part hrreof, sa~d MOR7GAGEE may p~ace and ; pay fa such insurance or any part thereof w~thout waivin~ or affecling any option, lien, cqv~ty, or right under w by v~r?ue ot th~s Mw~gage, ~nd the i full amoum of each and every such paymenl sha~~ be ~mmediately dve a~d pryable and ahall bear inte~esi from the date thereof un?il paid at the rate o1 nine pet centum pe~ annum and togNher with such interest shall be secured by the iien of this mortgage. To permit, tommit or suif~r no wasle, impairment w deterioration of aaid property.or any part thereof. S. To pay all and singular !he costs, charges ar+d expentes, including a reasonable attor~ey's fee and costs of abstracts of ti~le, incurred or paid at any time by sa~d NP~RTGAGfE, because or in the event of the fa~lure on ihe part of the said MORTGAGOR to duly, promptty and fully perform, d~scharge, execute, effect, complete, comply with and ab:de by each aix! every the stipulat~ons, agreen,ents, conditions, and covenants of said prom~ssory note and this mortgage any or either, and said cosri, charges and expenses, each and every, shall be immedia~ely due and payabte; whether w not there be natice de mand, attempt to collect a suit pend~ng; and tha full amount of each and every such payme~t s1+a11 bea~ inreres~ from the date thereof until paid at the ~ r~te o! nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of thi~ mortgage. 6. That (a) in the evenf of any brsach of this Mortgsge or defaul~ on the part of the MORTGAGOR, or (b) in the eve~t any of sa:d sums of money herein referred to be ~01 p?omptly and ful~y paid within thirty (30) days next after the same se~era;iy become due and payable, wi~hout demand or rwtice, or (c) in the event each and every the stip~lations, agreemenn, cond~tions and covenan~s of sa:d promiswry note and ~h~s mor~gage any or either are no~ ~uly, promptly a~d fully performed, d~uharged, executed, effected, completed, compl~ed with and ab~ded 5y, then in e~~her or any such event the said ag gregate sum mentioned in said promisswy note then remaining unpaid, with interes? accrued, and ail mo~eys secured hereby, shall become due and pay- atle fwthwith, or thereafte~, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were aiginally sGpulated to be pa~d a+ such day, anything in said prom~ssory note a in this Mwtgage to the contrary notwl~hstanding; a~d thereupoo w thereafter at the optian of said MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefwe a thereaiter begun, may be prosecuted as :t all moneys secured Aereby had matured pnor to ~ts irotifutan. ~ 7. That in the event that at the beginning of or at s~y time pending any suit upon this Mortga~e, w to foreclose it, or to ~efam it, or to enforte ; payment oi any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the.appo~ntment of a Receiver, such Court shall forthwith appo~nt a receiver of said mortgaged p~operty all and singular, includ~ng aIl and singutar the income, profifs, issues and revenues from whatever source derivtd, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fically set fonh and deuribed in the granting and habendum clavses hereof, and suth Receiver shall have all the broad and effective funct~ons and powers in.anyw~se entrusted by a Cou~t to a Receiver, and •uch appointment shall be made by such Court as an admitted equ+ty arxf a matter of absolute right to said MORiGAGEE, and without reiere~ce to the edequacy o~ inadequaty of the value of tFx proper~y mo?~ga9ed or to the sotvency or i~sofvency of said MORiGAGOR a the defendants, and that such rents, proFits, income, iuues and ~evenues shall be applied by such Receiver accwding to the lien a equity of said MORTGAGEE and the proctice of such GouA. B. To duly, promptly and fully periorm, discha~ge, execute, effect, complete, comply with and abide by each and eve?y the stipulalions, agreernents, condiYans and covenana ~n sa~d promissory note and this mortgage ut forth. 9. That in the event the ownership of the mortgsged premises, or any part thereof, betomes vested in a person othe~ than the MORTGAGOR, the MORTGAGEE, its succeuors and auigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debl hereby secured in ihe same manner as with Mortgagor without in any way vitiating w discharging the Mortgagors' leability hert under p upw~ the debt hereby secured_ No sak of the premises hereby mortgaged ar.d no forbearance on Ihe part of the MORTGAGEE c~ its successors or assigns and ro extension of the time fw the payment of ihe debt hereby secured given by the MORTGAGEf or its successws or au~gns, shall operate ?o releax, diuharge, modify change ot affett the original liability of the MORTGAGOR herein, ei?her in whole or in part. 10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obligatfon hereunder or of the obligatan st cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add~tio~ to the forego"rx~ monthly payments of princ"pal and interest required by the promtssory no!e sec~red hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum est~n,ated by mortgagee to be e.~ual to 1 j 12 of the annua~ cost of the follow- ~ ~ ing: : ~ A-All real property taxes levied w auessed against the above described real estate. • B-Prem~ums on fire and windstorm insurance as herein requ~red to be ca::ied on the improveme~ts s~tuate on the above described premises. I C-Premiums on svch mortgage guaranty insurar~ce as mortgagee sliall from t~me to time deem fit to carry on ihe loan secured hereby. ~ Mortgagee shait from time to time ~otify mortgagor in writ~ng of the amount due and payable herev~drr and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify morigagw of a change in fuch ~ amount_ Such sums sha:~ be appiied by mortgagee toward the payment of real property ta:es, insurance prem.ums, and mwtgage guaranty insurance premiums_ ~ IN WITNESS Y,IHEREOF, the said MORTGAGOR has he?eunto set his hand and sea~ the day and year f' t oresaid_ F ignedf`al a deli m the esence of: ~ an : ~ (Seel) , ~Staq ~ ~Seaq ~ _ ~ STATE Of FLORIDA ~ _ couNrY oF St. Lucie ~ Before me persona~ly appearcd Carl Jaekson a~d Marie D. Jaekson his wife, to me well known and known to me fo be the individuals desuibed in and who exetuted the for arg instrumenf, and atknowledged before me that they executed the same fw . the p~rposes ~ therein expreued. Md the said ~ri@ Jaekson Cal'1 Jackson a se rate and ste ~ wife of the said ~P°^ Pa P^`~ ~ e:aminat~on by me taken separate and apart from her said husband, adawwledged to and before me that she executed said instrument freely and volun- ~ rarily and witF?out any compulsan, constraint, appreFiensiMtor fear of w from Ixr said husband. WITNE55 my hand and official seal thi~ ~g day of ril ~ A. D. 19 7O ~ ~ ~ . Notary Pub ' in and or the te of Florida at latge My Com wn expires: Return To: First Federsl Savirys b loan Auociation ,~t~~t~~+~ ` ~ N ~,~.f~"a~1 ~K ,{i~! Of AOfidA ~t ~ i A,~ Of Fort P~erce. `,E1;...-,~~: "~'r~~~__~ 6~ ~9~ j ~ Fort Pierce. Florida ` r~~~. ~ . •,rj'i woaqss ",~,~G ~ ' :.'J~:':-''~~;, ,~~,~Mwab.erra,~.a€+~em ~ ~ ~ ~t: ~ ~ ~ xa • ~ ~ • I L E D ~ ~ _ ~ :~o z F A~ D RECO This Instrument Prepared By John W. Collins ~;7, j~-l : o- LUCIE ~ p Up~T RDED ~ First Federal Savings & Loan Association - ; = • ' ,,,~~,c„FL'~- • of Fort Piercei FloYid~? -~~~~-Q~'r:~ ' ~~~,y ' % ~~?j /J ~ ~ _ .J 'TJ Q~R 29 P O ~ Checked BY ~ - ~ ~~+ts~u~u+~`,,• ; . ~ ~ y M ? ~ ~ 1 ~ ~ } D ~ Q ~j CLERf(~~rpr,~~~TP~S ; l ~ BDO~( ~O~ ~ U R i,a.+. ~ _ _ _ _ - - - = - _ . . ~ _