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HomeMy WebLinkAbout0535 to plac~ ~nd ca?~tewov~ly kNp on tl» butldi~p~ ~ow a htn~hM titwt~ on said land and on ~!t eqvipment and per~ondy cova~d by thh maq~ a~ with all p~miums tMr~on pa~d in ful4 tin in?~x~u in tM ~wal aaedud pol~ey faen, b a~wn ~ppo~r~d py ~M MOR~GAGEE, aed wieKbtwm ie+swana in th~ uswl uandard pol~cy torm, in ~ sum approvad br tM MORTGAGEE, in weh edmpany a eompani~s ~s ~h~ hWRTGAGEE may dtr~dt • Md itl fin and windstwm ~uwanu policia on any Of Nid bNiWinD*, My fMKqt 1hNfin W pift tFN~lOI, in iM apqre9~a wm dorKaW a~ : in ~acas H+e~~of, ~MII cauain ~e uswl sundard martyap~~ clw~ w wd~ ahK dww a tM Ma?payN m~y rp~w~. makiep ~M bu ~nda sa~d po1F s ciy. ~ u+d ~wry. paY~bl~ w said MORTGAGEE q i1s intK~st maY ~pp~ar. and ~acA ar~d ewry ~uch poliq ahall b~ prompNy ~w.pned and dNivKed ~o ~ ~ny Mld by said MORiGAGEE as ivhhN secv~ity ro said mat~~ d~W, ~nd, no~ Ins than t~n (10) days in ~dvar~ oi tl+s ~xpkatan of each policy, ro dN IivK to said MpRTGACiEE ~ r~wal tMrwf, to~~hK wi~h a r~ipt (or tM p~miwn of wch r~new~~; ~nd ti?a~ shstl M ~o fire w wir~dt~am k~w~anc~ ~ pl~o~d on u~y of said bvildinpi, any inte~qf tMrein a pu~ tFwrsof, un{ps in tlr form u~d with tM bss payabl~ ~s ~fweiaid: ~ad 1n tM ~vMt ~ny swn of ~y becanM paysE!e ur~ wch policy or polic»s aid MORTGAGEE ahall Mw ~he opYan ro ~eceiw aod apply ~hs ~ame on accouM of the ind~bted~ neu s~cu~~d Mreby a a permit ssid MpRTGAGORS ro reaeiw and u~ It a a~y ~u? tl~ereof fa orhe? pwposes, wi~hout ~hs.eb~ waivi~v~ a~mpai.- ir+y anY puit~r. li~n a rght und~r or by virtw of this mortyay~t and in tla ~venf iaid MORTGAGORS sh+ll for sm reason fail ro keep ths said pr~miies so ~nwraa. a iMi a da;ver p.wnp~ir .ny ~f s.:3 r::'.:::.: af !o ss;+! !4!~rrerce I,~il ~,.n~aHy M aay fulfy anr wemiurt? therefa a!n any rotp~et fa}) to pKfwn~, dixhu9e, execvt~ effact, compl~te. comply with and ~bid~ by this cownant, «.ny psrt I,ereof, said MORTGAGEE may plsce ~nd paY for such inswance or any part th~reof without waivinp or ~ffacrinp ~?y option, li~n, puiry. or ~ipht unde~ w by vi~tw of this Mon9a~, snd the ~ full amount of ~ach a,d ~very such p~yment shell be iam»diately dvt and payabl~ and sha11 bear interes~. from the d~te thereof w?~il paid ~t th~ rat~ ol nins per ce~tum pK annuin and.to~ether with s~xh interest ihall be secured by tM lien of this mo~rt9~ge, i 4. To pKrnit, oommit or suffa no waste, impairment or detKioration of ssid propery or any pu1 theraof. 5. To pay all a+d sirgvlsr the cos», ch~roes u+d expense~, incl~dirg ~ reaswubb attwney's fee and costs of abstracts of title, incv~r~d a p~id at any time by s~id N{ORTGAGEE, beca~isa or in the evertt of the failu?e on the parl of the ssid MORTGAGOR to duty, promptly and fully periorm, dischsrge, execute, eifect, compkte, canpfy with and ab7ds by each u~d every the siipulatio~?s, agreements, conditiau, and mvcnann of w~d promissory no~e and this mortyape ~ny a eithar, and said costs, charges and ~xpenses, each +nd every, shail be immediately dw and payable: whethe~ a not there be notice d~ mand, sttempt to colkct or wit pand~rg; and the full amo~M of each and every such paymenf shall bea. intKest from the date thercof until paid at the rate of ni~e per wntum pe? annum; a~d all said costs, charges and e~penses intv~red o? paid, together with tuth interest, shatl be secured by the lien of fhis mon9sge. - b. Thst (a) in the event of any breach of this AAwtgage or default on the paN of the MORTGAGOR, or (b) in the event any of sa~d wms of nwney herein referred ro be not promptly and fully paid within thirfy (30) days next after the same severatly become due and payabte, wilhout demand or notice, or (cj in the eve~t each and every the stipulations, sg~eemsnts, conditions and covenants of said promiuory note a~d this mortgage a~y o~ either aro not ~uly, promptly and fvlty pe~fwmed. dlsct+arged, executetk effeded, completed, complied with and abided by, then in either or any svch eveM tM~ said sg gregste wm mentaned i~ said prem;sso~y note then rr.naining unpaid, with interest acuued, and all moneys secured hereby. shall becana dus end pay- able fwthwit}y or theresfter, at the option of said MORTGAGEE, ~s fully and completely as if all of the w~d wms of money were originally stipvlated ro be paid. on such day, anyth:ny in ssid promiuwy oote or in tha Mortgage to the contrsry notwithstanding; and thereupon or thereafte~ at the option of said MORtGAGfE, w~tiwut ~otice or dernand, suit at law or in equety, tiiereiwe or rnereai~er oegvey m.y i,e y,v,e~.,;e.; :,3 ..-,;,.-,~y-. ;;,~,;c~ - had marwed prior ro ia insritution. . ~ 7. That in tl+e event that at the beginning of or ~t any time pending sny wit vpon this Mwtgsge, or to foreclose it, or to reform it, or to e~?force payment of sny daims here~nder, said MORiC'AGEE shall apply ro the Cowt 1?sving jw;sdictio~ thereof for tF~e appointment of a Rective?, wth Court shall Forfhwith appoeM a receiver of said mortgaged property all snd singvlsr, includ~ng all.and singular the i~ome. profin. issves and revenues from whatever source derived, each and every of whKh, it beirg expressly understood, is f+ereby mortgaged ~s_if specificatly set forrh and described in the ~.anting a~d ; habendvm dauses hereof, snd such Receiver shall have ~II the broad snd effetrive funct~ons and powers in anywise entrusted by a Court to a Receiver, ar?d such appointment shall be made by such Cowt as an admined equity and a mstter of absolWe right to said MORTGAGEE, and without reference to ths adequacy or inadeqwcy of rhe value of fhe p?ope~ty mafpaged p to the soroency or inw)vency of said MORTGAGOR a the defendants, and that such rents, profin, income, iuues and revem~ss shall be applied by wch Receiver accwding to the lie~ w eq~iry of said MORTGAGEE and the practice of such Court. 8. To duly, prompfty and fufly perform.. d'acharge. execute, effect, co~nplete, comply with and abide by each and every the sti kY conditions and covenants in said promiuory note a?x! this mortgage set fwth. P~ a9~~~fs, 9. That in the event the ownenhip of the mort9ap~d premises. or u,y paA thereof, becomcs ve~ted ~in a person otha than the MORTGAGOR, tM , MORTGAGEE, its succeuors s~d auigns, may, witiaut notice fo the MORTGAOR, deal with such suaessOr o~ wc~essw in inicrest wi~h ~eference fo This mwtgage and the debt hereby secured in the same manner as wilh Mortgagw without in any way vitiating ar dixharging the Mwtgagors' liabitity here- under w upon 1he deW hsreby setvred. No sale of the ~emises hereby mortgaged end no fabearance w? ~hs part of the 1~AORTGAGEE w in successors or aug~ and no extension of fhe time fa ths payment ot the debt F~ereby secured g'~ven by the MORTGAGEf or iri successws ot auigns, sMll operats ~o release, d~scFwrge, modify cha~ge or affect the original Iiab~Gq of the MORTGAGOR herein, either in whok or in ps?t. 10. It is spec~ficalty agreed. that time is of tAe cssence of this co~tract and that no waiver of any obl'~gaYwn Aereunder or of ths obligsYan se- cured hereby shall at any t6ra thereaher be held to be a waivtr of the terms l~e~eof a of the instrument secured herby. 11. In addrtion to the fwego:rg montblY PaYmenfs of prmc:pal and iMerest roquired by the promiuory nota secured hereby, mwtgagor covenants and agrees ro pay to mortgsgee with each monthly payment an additional sum estimated by mortgagee to be equal to T/12 of the annual cost of the follow- ing: A-All real properfy taxes kvied br sssessed against the above dewibed resl estate. B-Dremiums on fire and windstorm i~ura~ce as hereie requ~red fo be wrried on the• irteproveme.~ts situate on the above desvibed premises. C-Premiums on wch'mortgage gwranfy inswance as mortgsgfe shall from tune to time deem fit to carry on the ban setured hereby, Mo?tgagee shall from time to time notify mortgagor i~ writing of tfM amount d~e and payabk hereunder a~d svch sum shaU thereupon be due and payable on the due date of 1he next monthly payment and.each svccessive month theresAer urtil morigagee sha1) notify mortgagor of a change in such amovnt. Such sums sFsall be applied by mortgagee taward the payment of real property tazes, inwrarxe prem:vms, and mortgage guaranty i~uurante p: emiwns. . N WITNESS WHEREOF. the ssid MORTGAGOR has hereunto set his hand and seal the day u~d year fint aforessid. ~tad. Sea! assd . ed ise presertte of: ~~Q ~i 3'~. LUCIE COUN ~ ' n RECORD V~RlF! ~ } ~9460Q ~ ~ ~ ~n ~ 'TO JU~V 1 S 1~! n 7ATE OF FlORIOA ~ COUMY OF ST. I~CIB ~ u` T~C• a olTR~ Before me pe~wnally appearcd GO!'dOD ~ ~nd Ruth M. .1Oh11sOtl his wHe, to me well k~wwn and known to me to bs the indiridwls described in and who executed the foreyoiny instrument, and acknowkdged beforc me that they executed the same for the prrposes there~n expressed. And the sa~- ~1itb M~ JOhI1iOD - wife of the wid GOldOA T. .lObR:OA ' vpon a separate and prrv~ts examinatwr~ by mr taken separate and aparf irom her said husbsnd, adawwledged to and before me that she executed said irotrument freely and volua ; rarily and without eny compu(sion, constraint, appre~n~on~feu of a irom her ssid hvsband. ; WiTNfSS my hand ~nd official seal th~ Jv~ day of JunQ _ a n. 19 7O i ~ " Nofary in snd for the te of Florid~ at Lar~e Refirm Ta. . . - ~ ~res. /S77 ~ ~ First Federsl Savings ~ Losn Hssociation ~ Of fort Pierce. ,'',,~t!`~-~rrr-, . . 1tC~! Of ~ . fOrf Piette. Ploricls ' ~ .t•a. . . ~ ~ : ~ti' c ~r Ct:a.--ss~or, Ex~a !',u ~J' r~'l'.; b. 1971 - j,,~.~=:,t•_• ~..~...E~ac..r,~,9roo = ` '`s r " .~r•. E;=G This Instrument Prepetred By JOhri W. CO1~ LrJ;- ;~c,". P .~4~ First Federal Savi s& loan Association ~ a= ~9 of.Fort Pierce ~ Florida? : ir : --?i..~ 0 •,~.4~~_~:,;,: - ~ .,~~~~,J~~~.• . ('hPrkc~ By ~ ka~~,,'~R~~,Xr ~ ~OOK 10~ PAGE ~3~ - - - ~ , . , . : ~ - ~ , . _ , , _ _ - y~,`"~~, r. s~` sh.~ ~s a ~ l~. _ -