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HomeMy WebLinkAbout2074 . ~ , ~ 3. To place and continuousiy keep on the buildings now w hereaftt~ ~ituats on said lar+d and on ali equ~pment and penonally cove:ed by lhit maty- ~ ps, w~th all premiums thercon pa~d in full, fire insurance in ths usual standsrd policy forrn, in a sum approvcd by the MORiGAGEE, and windstorm insurance in ti+e usual standard po~~q fam, in a sum approved by the MORTGAGEE, in such company or cwnpanies as the MORiGAGEE maY ~ direct; and all fire and windstorm insurance policies on any of said buitd~ngs, any interest therein or part thereo(, in tF+e aggregate sum ~foresaid or 1 In ezcess thereof, shsll contai~ ths usual ~fandard matgagee clause or such other clause as ~he Mc~t9agee may ~equ~re, making the loss vnde~ sa~d po1N } cie~, each and evcry, payable to said MORTGAGEE s~ its in~crest may ~ppear, and each and every such pol~cy eha!I be promptty sss.gned a~d delivered ~o ~ •ny held by sa~d MORTGAGEE is (urther security to uid mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, to de~ ; liver to uid MORTGAGEE a renewal thereof, together wifh a raeipt for Ihe premium of such renewel; and there shall be no f~re o? windsto~m insurance plsted on any of u~d buildings, any interest thcrein w part thereof, unless in the torm and with /he loss payable as aforesaid; and in the evenf any ium of mo~ey becomes payable unde~ such poliq w policess said MO~TGAGEE shall have ~he opt~on to rece~ve and apply the same on acco~rnt of the indebted- oeu setured hereby o~ to permit said MORTGAGORS to receive and uss it w any part thereof fo~ othrr purpases, v~iiho~t Iharco~ wa~wng or unpair- ing any eqv~ty, lien a right unda or by virtue of this morrgage; and in the event said MORTGAGORS sha~~ fo~ any reason fail to keep fhe said p~emises so , insured, a fail to delive~ p~omptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any pre~n~um therefw or in any , respect fail lo perlwm, discharge, execute, effect, comp~ete, comply with and abide by this covenam, a any par~ hereof, said MORTGAGEE may place and pay fw such insurance or any part thereof without w~ivinq or sffecting any option, tien, equ~ty, or right unde~ a by virtue of this Mor~ga9e. and tht ~ tull amount of each and every s~ch payment shall be immediately due and payable and shall bear interest f~om the date thereoF until paid at the rate o1 ~ nine per tentum pe~ annum and to~ether with such interesf shall be secured by the lien of Ihis morfgage. i 1. To petmit, commit or suffer no wa~te, impairrrsent or deteriorotion of said Froperty or any part thereof. 5. To pay ail and singulsr the costs, charges and expenus, including a reasonable attwney's fee and cos~s of abstracts of title, incurred or paid at a~y time by said MORTGAGfE, because or in the event of the failure on the part of the said MORTGAGOR to duly, prxnptly and fully perfwm, discharge, execute, effect, complcte, comply w~th and ab:de by each and every 1he stipulafions, agreements, conditions, and covenants oi said promissory note and thii mortgage any or either, a~d wid costs, charges and expenses, each and eve?y. shall be immediately due and payabte; whether or not fhere be notite do- mand, attempt to collect w suit pending; and the full amounl of eacfi and eve.y svch payment shall bear interest from the date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses i~curred w paid, together with such interest, shall be setured by the lien of thit mortgagi. 6. ~at (a) in the event of any breach of this Mwtgage w deiautt on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein reierred to be not promptly and fully paid within thiry (30) days next after the same severatly become due and payable, without demand or notite, or (c) in the event each and every the itipulations, sgreements, co~ditions and covenanta of sa:d promissory note and th~s mortgage any o~ e~ther are no1 ~uty, promptly and fulty performed, d~xharged, executed, effected, comp~eted, compl~ed w~?h and abided ~iy, the~ in either w any such event the said ag~ gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- abte forthwith, o? thereafter, at the option of said MORTGAGEE, as tully and completety as ii all of tfie said sums of money were originally stipulated to be pa~d on such day, anything in sa~d promi:sory ~ote u in this Mortgage to the ca~trary notw~thsronding; and thereupon w thereafter at the opGon of said MORTGAGEE, w~tlaut norite or demand, suit at law or in equity, therefore or thereafier begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. ihat in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to fweclose it, or to refo?m it, or to enfo?ce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having juri:d~ction Ihereof for the appointment of a Receiver, such Co~rt shall forthwith appoint a receiver of said mwtgaged property al) and sing~lar, includ~rtg aIl and singular the income, profifs, issues and revenues from whatever source derived, each and every of whrch, it be~ng expressly understood, is hereby mor~gaged as if speufically set fwth and deuribed in tFx granting and habendum clau:es hereof, and s~ch Receiver shall F~ve all the broad and effecrive funU~ons and powers in anywise entrusted by a Court to a Receiver, and suth appointment shall be made by such Court as an admitted equity and a matter of absolute right to uid MORTGAGEE, and without refererxe to the adequaty or inadequacy af the value of the property mortgaged or to the w:vency or inso~ver~cy of said MORiGAGOR a the deiendants, and that such renrs, profits, i~cwne, issues and revenues shall be applied by such Receiver according to the tien or equity of said MORTGAGEE and the practice of such Court. 8. To du1y, promptly and fully perfo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemenri, cond'etions and covenants ~n saed promisswy note and this mortgage set forth. 9. That in the event the owne~ship of the mortgsged prem~ses, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, tl~e MORTGAGEE, its successws and auigns, may, without notice to the MORTGAOR, dea~ with such successor or successor in interest with reference fo this mortgage and the debf hereby secured in the same manner as with Mortgagor without in any way vitiating ot discharging the Nbrtgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbea~ance on the part of tix MORTGAGEE a its successon or assigns and no exre~s~on of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, ahall operote ~ to release, d~scharge, modify change or affect the original liabil~ty of the kIORiGAGOR here~n, either in whole or in part. ? 10. It is speufically agreed that time is of the esxnce of fhis contratl and that no waiver of any obligat~on hereunder w of the obligaYan sr cvred hereby shall at any time thereafte~ be held to be a waiver of the terms hereof o? of the instrument secured herby. I l_ In add~tion to the forego:ng monthty payments of princ pal a~d interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payrnent an add~~ional sum esumated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: ' A-All real property tazrs levied or assessed agai~st the above described real estale. B-Prerr.iurns on fire and w~ndstorm insurar.ce as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty ir.surance as mortgagee shall from t~me to time deem fit to carry on the loao setured hereby. Mortgagee sha11 from time to time notify mortgagor in writing of the amo~nt due and payable hereundrr and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive mo~th therea(ter ur.til mortgagee shall notify mortgagor of a change in such m t a uarartt insurance amount. Such sums shal( be applied by mortgagee toward the payme~t of real property taxes, insurance prem:ums, a~xl or g 9e g y premiums. IN WITNE55 YJ REOF, th aid M TCaAGOR has hereunto set his hand and seal the day and year first aforesaid. i ed, Seal nd I ' t esence of: ,~i~ . ~ (~a4 (Sea~ ~ •~l ~...~,+-1 csNn c5ea~ STATE Of FIORiDA ~ courrnr oF S t. L uc ie Before m.e personally appeared ~Iax Potter e~d ~'aria^ne Pot'~er his wife, to me well known and known to me to be the ind;viduals desuibed in and who execWed the foregoing instrumeM, end ackriowledged before me that they eaecuted the same for the purposes rtx.e7n e:pressed_ nnd the wid tiiarianne Potter ~ wife of the wid M~ Potter vpon a separate snd private e~camination by me taken separate and apart from hgr said husband, acknowledged to and before me that ahe exetuted said instrumeM freely and vol~o- I~rily and without any compulsan, co~straint, apprehension, or fear of w from her said husband. WlTNESS my hand and offic~al seal this day of P'ia " A. D. 19~Q. ! t # Ftl.ED ~PJD REC ~K and fw the State of Florida l~rye JT, LUCIE COUN ~~ro^ expires: R~r~.~ To: a e.. ~~Nota PudTx. State of florida at L~9e First Federal Sav~ngs ~ Losn Associat~on E D ry ~ 147~ Of Fort Pierce. My Comnnsion E~a fort Pierce, Florida 13 ~r ~ '70 f,;q~;r 20 AFI • : 9 . 4 6 ~ , . 1'~•'~~~w' ; ~ '~'~-~y`'ti~ ~ ; This Instrument Prepared By ~'+'./r( F ~'QAwn Z ,'0~7RA5 ~ ~ ~ ``'tv First Federal Savings b Loan Association C~~RK ~~RCUIT COURT. ~ ~ of Fort Pierce ~ ~ct ~ ~ : ~t ~ : Y " '~:':.:.~:_.~}*j .~K~ OU ' V%'' 0 ...3 ' r• Checked By ~C . ~ ~ ; ~ f ~~i~~ ?4> • ~Zl~ _ ~ ~If _ ' - ,~~~l~Itl7tu~'11~~ _ BOOK~~~ PAGE~71, ,-``;`j- cf x~ . " ~ . . 1_=`' _.~r`l`?