Loading...
HomeMy WebLinkAbout1457 1 ~ t 3. To Isc~ and con~inuoual k ; P Y e~p on th~ kwildir?ps now w MreaftK ~itu~t~ on ~aid land and o~ all equipm~nt and penonally tovered by this mort~ •y~, w~th all prem~ums thucon pa~d ir? full, fir~ insur~nc~ ~n ~he uswl standud policy twm, in a sum approved by the MORTGAGEE, and wi~form j ~nsuranc~ i~ tM uswl uaadard twm. in • wm s pa y panies as th~ MORTGAGEE m~y ' pol~cy pproved by ~M MORTGRGEE, i~ wch com n w com dir~c?j and ~II fire +nd windsarm ir?surae+q POIiCN1 on +ny of uid build~nps, any int~resl therei~ or put thereof, in tM ~y9re9att sum afa~said w in ~xtsss thcraof, ihall con?ain the uswl itandard mortgyse daust a fuch o~her clause u tF» Morty+gee may reqwr~, makinp the lau vode~ ssid po1F cies, each and tvery, payabl~ 1o said MORTGAGEE as its interest may ~ppsar, ~nd tach and evay such policy shall be promptly ass_gned and delivered 10 ~ny heM by iaid MORTGAGEE ~s further secwify to said marty~ debt, and, rat teu ~M~ ten (10) dsys in advance of the expi~a?ion of each policy, to da I~ver to ~sid MOR~GAGEE s renewal the~eof, Iopt~hK with • receipl fw the premiwn of tvch renewal; and ~here ihatl bs no f~re o~ winds~orm insuranc~ placed on ~ny of said buildings, ~ny interest tFar~in w parl thQreof, unless in the form and with the lou payable as afaesaid; •nd in ~he evant any swn of money bcca„et payable under such potiq or policies said MORTGAGfE shsll have the optan to receive and apply IFx ~me on accoum o) the indebted- neu securtd hereby o~ to permit tsid MpRTGAGORS to receive and us~ it w any part thereof for othe? pu~Fwses, .v:~F~out ~hr.eo~ wai~ing o~ ~mpair- ~ng any equity, lian w rigl~t under w by virtve of this morty~e; and i~ tM went w~d MORTGAGORS shal{ For sny reason fail to keep the said prsmiaes w insu.ed, o~ fail to delive~ promplly any of Wid policies of insursnte to sa'~d MORTGAGEE, a fail promptly 1o pay fully any prernivm therefor w in any respea fail ro pafam, dixharge, execu~e, effect, complete, comply with and abide by this cove~ant, or any part hereoT, ssid MORTGAGfE may place ~~d pay (a suth fnsuranc~ ot any part tAe~eof witlaut waivinQ ot affectinp any optan, Ikn, equiry, or rigM under a_ by virtw of this Mwtga~e, s~d ths full amo~nt of each and every such payment sh~ll be immediately dw and payable and shall bes. interes~ fiom ths dat6~thceeof un~il paid at the rat~ of n~ne per centum per annum ard to~e~he~ wi~h such interest shail ba secured by the lien of this mortgage, I. To permit, cwnmit w wi(er no waste, impairment a deterioration of sa;d propsrty a any p~n thereof. 3. To pay al) ~~d tinyvlx ths co~ts, charges and t:penses, includ'u+g s reawoable atto~ney': fee and cosq of abstracts of title. incuned w psid ~t any Yuns by said MORTGAGfE, becsvse w in the ewmt of tM failure on Ihe parl of the said AAORiGAGOR to duly, promptly ard fully perfwm, dixhsrg~, execute, eifcc~, tompkte, comply with and ab~de by each snd every the stipulations, ag+eement~, condi~ions, and covenann o( said pranissory note and this mortyaye iny or eithe?, and said costs, chsrpes and expenses, each and every. sl»tl be immediately due and payable: wherher a not there be no+~ce de~ mand, ~ttempt to tolktt or wit pendirtg; a~d the full anwunt of each and every svch payment sh~t bear interest from the dats thereof tmtil paid at the rate of nine per centum per aMwm; and aU said costs, charges and expenus incwred or paid, together w~th such int~es~~IwlL.be secu~ed by the lien of thu mortyaye. ~ 6, iMt (e) in tF?e event of any bresch of this Nbr~gsg~ w default on the part of the MORTGAGOR, w(b) in the eve~t any of u~d sums of naney herein re(erred to be not prompNy and iully paid withen thirty (30) days rxxt after the sanx sevcratly become d~e and payable, wi~hout demaod pr eotice, er in the evcnt exh and every the stipulatio~s, ~reements, conditions and covenanta of said promiswry note and th~s mwlgage any d ei~her are no1 iuly, prompily and futly perfamed, d~xharged, execvted. effected, campteted, compl~ed with and abided by, then in e;ther a any such event the said a¢ gregate sum mentanrd in said promissory note then remaining unpaid, witA inrerest accrued, and a11 moneys secured hereby, shall become due ~nd piy- able fwthwith, w thereafte?, at the option oi said 1NORTGAGEE, as fully ~nd completely as if all of the said sums of money were aiginally stipu~ated ro be paid on such day, anythFng in sa;d promiuory note or in thiu Matpsge to the conrrary notwithstand~ng; and thereupon a thereafia at the option of said MORTGAGEE, withoul notice a demand, suit at law ot in equity, theaetwe or thereahcr Eegun, may be prosecuted u if all moneys secvred hereby had rt~tured priot ro ita i+utitutan. 7. th~t in tha evenr that at the beginning of a at aay f;me per.d;ng sny wit upon this Mo.tgage, o? ~o forectose it, or to refo.m it, w to enforw payment of sny claims hcreurxle?, said MpRiGAGEE sMll apply to the Court having jurisdictio~ thcreof for ~he appointment of • RKlivlf, such Coun shsll fo~thwith ap~wiM a receiver oi said mottgaged properfy atl and si~ul~r, includ~ng a11 and singula~ the income, profits, iuues and revenues from whatever wurce derived, each and every of which, it beirq expressiy undcrstood, is hcreby mwtgagrd as if specifica~ty set ipth and desvibed in the g~~ntinp and habendum clauses he~eof, and such Receiver shall h~ve all the broad and effective funct~wn and powcrs in anywise entrusted by a Cou?t to a Receiver, and such appointmrnr sha11 be made by wch Cou?1 as an admined equity and a maner of absolute right to said N10RTGAGEE, a~d withouf reference to the adequacy ot inadequaty of the v~lue of the property rtwrtgaged or to the sotirency or insolverxy of aaid MORiGAGOR or the defa~dants, and that such rents, profits, incorn~, iss~es and revenues aha{I be applied by such Receiver accwding to fhe Jien a equity of said MORTGAGEE snd the pactice of such Court. 8. To duly, promptly s~d fvlly perform, d'ncherge, execute, effect, complete, comply with snd abide by esch snd evrry the stipulation~, agreements, conditions and covena~ts in said promissory note and this rtwrtgage set fwth. 9. Thaf in the event rhe ownership of the mortgaqed premises, or any pan the.eof, becomes vesred in e person other fhan fhe MORTGAGOR, the MORiGAGEE, its xucctssws and auigns, may, withovt notice to the JNORTGAOR, deal with such succesta w successa in interest with reference lo this mwtgage and the debt hereby secured in the same manner as with Mwtgagw without in any way vitiating or dixharging the Mortgagwt' liabifity hers- under or upon rAe debt he?eby secured. No sale of the Fremixs hereby morfgaged end no forbrarance on the parl of ~he MpRiGAGEE a its successon or assigns and no extcns~on of the time fa the payment of the debt hereby secured given by the MORTGAGE'_ w its successora o~ assigns, shall operat~ ro release, dischsrge, maiify chsnge or affecr ti~e wiginal liability of the MORTGAGOR herein, either in whole or in part. 10- It is specifically aoreed that time is of !he essence of this concrsct and that no waiver of a~y obligaYwn hereunder or of ths obligsYqn se- cvred hereby thall at any time tAercaher be hetd to be • waivet of the terms hereof or of the instrument sec~red herby. 11_ In add~~ion to the fwego:ng monthly paymems of princ'pal and interes~ required by the prom~sso~y note secured hereby, mortgagor coven~nh a~d agrees to pay to mortgagee with each monrhly.payment an add~~iona! sum estimated by mortgagee to be equal l0 1/12 of the annual cost of the folbw- ~ ' ng: s' A-All real property taxes levied or assessed against the above described reat estate_ B-Premiums on fire tnd wirxlstwm insura~ce as herein requ~red to 6e urr"~ed on the improvements sitvate on the above dtscrihed premises. C-Premiums o~ such mortgage guaranty inswarae as mwtgagee sfiall from t:me to time deem fit to carty on the loa~ secured hercby. Mortgagee shatl f~om time to time notify mwtgagw in writ~~g of the amount due and payable hereunder a~d such wm shal) thereupon be due ~nd payable on the dve date of the ~ext monthly payrrtent and each svccessive mwith "fhereifter until mortgagee shall norify mortgsgo? of a chanye tn such ~ amount. Such sums sl~all be applied by mortgagee toward the paymeM of real property taxes, insurance prem:ums, and mortgage gwranty inwra~ce p~emiums. IN WITNESS WHEREOF, the ssid M(3RTGAGOR has hereumo set his hand and seal ttx day a~d year first afwesaid. _ ~ Sig~ed, Seated and tivered i~ the presence of: ~ ~ FILED AND RECOROED ~ _ Q ~ ~ ~ ST. IUCiE COUNTY. FLA• J ~ ~ itc_C~~~~a~?1JV ~ n '70 MAY g PM ~t ~ 3 5TATE OF FLOit10A counmr oF UJC I E ~~(Y'~- " defore me perwnslly appeared i= 5'~~ Y` .1Y. Elly PeteX~~RK CI y~ w~{e, to me weJ1 known ~nd known ro me to b~ the individwb described in snd who executed t}1e foregoirg lnstrumant, ~nd scknowkdyed before me that tF~ey executed the same fw tM purposes r?k.ein.xpresud. nnd rne s.~d Blly Petersen wife of the said - S~phuS Petersen, ,Jr. upcn a sep~rate s~d pirvat~ examinstan by me taken sepsrate and apart from her said husband, adcnouvledged ta and befo~e me tiwt she executed sa;d :mtrumenf Jreely ~nd volwr tarily and without any compulsiw~, constraint, approF~ens3on/ or fear of w from her said Fnisband. WITNESS my h~nd snd offitiai seal th~s g 7h ~y ~ Ma A. D. 191Q ( _ -=~-T~ b~ ~ ~M-~ bi~l • _ Notary Public in and for the Stite of fbrida at 4rpe Return To: , . My ~~+miuA^ e~cpires: ~~~~«~~er~sii,~~ Cr STATE First Federal Savings a losn Associatan z~~~` - f~i*~ ~ C~MM SS ON ~~Rf~ A1 IARiE . Of Fwt P~e~ce. v~ ~ tlW~ ~ ~I~E~1lq~u 1973 . - forf PiKte. Florida i~~ ~r' v~~ ~t` . ~ ~ ~ ~ ~~.~C: ;fi _:~~J _ ~ . . - ~ L~'~'pr~!- ;_j,'~r~' ! ; : ' . . ~ This Instrument Prepared BY ~';~~2as~~tt.~ ,C:.: ; Firs1 Federal Savings b loan Associat~BnG;'~ , • of Fort Pierce ~ Flozida•,~,~~"i~••:•.•:• Chetked By .L~ ~~~~~ri~ua~~''•• . , r.-:~- Q~ . > BflOK~~~ ~CF~~~ ~ - ~ . _ - - - : . . - .