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HomeMy WebLinkAbout0475 3. To place and tontinuously keep on ~he bui'.dings now or he~eafter ~ituare on sa~d land and on all equ~pment and personatty covered by this mortq- ege, w~th att prem~ums thereon pa;d in fu~l, fire insurance ;n the usual s~andard pol~q fo~m, in a wm app~oved by the MOR~GAGEE, and windstorr~i insurartce in the usual standard po!.cy torm, in a s~m ap~rove<J by the MORTGAGfE, in such tompany or tompan~es as the MOR'GAGEE may direc~; and all Fire ard w~nds~orm insurance poticies on any of sa~d build~ngs, any inte~e:t therein o~ pa~l fhereof, in the aggregaie sum afaesaid w in excess thereof, sha)1 ;ontain ~he usual standard mortgagee clause or such other cla~se as the :U1o~tgagee may requ~re, making the lois undtr ~aed pol~ c~ef, each arxl every, payabie to said 610RTGAGEE as its interast may appear, and each and every svth poGcy shatl be promptty ass gned and delive+ed ?o any held by said MORTGAGfE as fur~he~ secuii?y to said mortgage dabt, ar,d, not iess than tan ()O) days in advance of the expirat~on of each policy, to da liver to said MOR:GAGEE a renewal ~hereof, Iopether with a receipt for the premium of such renewal; and lhere shall be no fire o~ w~nds~orm insvrance pleced on ~ny of sa~d b~ifd~~gs, any mte~e~t the~ein w part rhereol, untess io ~he fo~m and w'efh the loss payable a~ ato~esa~d; and in the event a~iy wm of maxy btcomes payable vnde~ such policy a policies said MORiGAGEE ihal! have Ihe opt~on io receive and apply the same on ~ccount of the indeb~rd- ne~s sec~red hereby w to permit saed MORTGAGORS 1o rcceive and use it w any part ~he:eof for othrr purf~csrs, v..ti~o~t rh_.~or w.,iv~.*~ ur e+upai~- ing any equity, tien w r~qht under o~ by virtue of this mo:!gage; a~d in the evenl sa~d MORTGAGORS shall for any reaso~ fail to krep the aaid premises so insu~ed, a lail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, o~ fa~i promptly ~o pay futly any pre~~~~um therefor or in any respect fail ?o per(wm, d~scharge, execute, e(fec1, complete, compty wirh artd ab+de by this covenant, w any pert hereof, said MORTG~IGEE may piace and pay for auch insurance or sny part the~eof without waiving w alfecting any oplion, lien, equity, or right under or by virlue of this Mo~tgage, anu tht full e~nount of each and e.ery s~ch payment shall kx immediately due and payabte and shatl bear inte~est from the date thereof until paid sl the rafe o1 n;ne per cen~um per annum and to~ether wirh such inferest shaN be sec~red by the lien of thif mortgage. 4. To permit, commit w suffer no waste, impairment w deterioration of sa~d property w any part thereof. 5. To pay all and singular the costs, cherg~s and ezpenses, inctuding a ~easonable atto~ney's fee and cosrs of abstracts oI title, incurred or paid at any t6ne by said MORiGAG:E, brcause or in the event of the fa~lure en ~he part of the aaid MORTGAGOR to duly, pro~~~pr;y and fuily p~rfwm, d~scharge. exxute, efiect, tomplere, comply w~eh and ab:de by each and every the st~p~lat~ons, agreements, condit~ons, and tovenanis o( sa~d p~o+nissory 11pf2 and thi~ ~~ortgage any or e~~her, and sa~d costs, chargea and e:penses, each and every, shall be immediately due and payabte; whether o+ not there be nohce ds mand, attempt to cottect or suit pend~ng; and the full amount ot each and eyery such payment shatl bear imerest from the dare thereof until paid al the r.,re o~ n~ne per centum p~:r annu ~r, and ali sa~d cosis, charges and exFxnses incurred or paid, toge~her w~th such interrst, shall be sxured by the lien ol this j mortgsge. 6. ihat (a) in the evenl of any breach oi this kbrtgage or defau:? on fhe part of the MOAT{',AGOR, or ;b) in the event any oF sald sums of moreey herein referred to be not prompfly and fully paid wi~hin thirty (30) days neat after the same se~era:ly become due and payab~e, w~tFwut demand o~ nohce. or in thr evem each and every the stipu~atio~s, agreements, condieions and covenants of sa.d prom~ssary nore and th~s mortgage any os e~ther are not ~uly, promprly and tuUy per3ormed, d!scharged, exec~ted, effected, campieted, complied w~th and a6~ded by, the~ 1n e~ther w any s~ch event ihe sa~d ag gregate sum mentioned ~n sa~d prom~ssory note then remaining unpa~d, with imerest accrued, end ail moneys secured hereby, shalf brcome due and pay- ab~e forthwith, o~ ~hereai~er, at the opriun of said MORIGAGEE, as ~ully and comple~ely as if a~! of the said sums of money were or~gmally s~~p~lated r~ be pa:d on such d:,y, anyrh~ng in sa.d prom~ssory note or in this Mwtgage ta Ihe comrary no~witF.standing; and thereupon or the:safter at the op~ion oi ;a~d MORTGAGEE, w~thout nonce or demand, w~t at law or in equity. therefore w thereaher begun, may be prosecured as if all moneys secwed hereby nad malur2d prior to As instituhon. 7. TAat in the event tha~ at the beginning of or at any time pending any suit ~pon this Mortgage, or to foreclose it, or ta reSorm it, or fo anforce payme~t of any claims hereunder, said 1.lORTGAGEE shap apply to the Cour~ having ~urnd,ct~on thereof (or the appu~ntment of a Receiver, such Coun shall io.rhwiria appoint a rece~ver of sa;d moifgaged prooerty all and si~gular, inctud~ng atl and ai~~guiar the income, prof~ts, iswes and revenues from whateva source derivecl, each and every of wh~ch, ~t bemg expressly understood, is hereby morigaged as if spec~l~ca;fy set forth and described in the gronhng and habendum cfa~ses herrof, and such Receiver shaU have a~l ehe broad and effecrive funct~ons ar,d powen in anyw~se em~usted by a Court to a Receiver, and r.ch appointme~v ahall br made by such Cour~ as an admitted equity and a matter of absol~te ~ight to said MpRiGAGEE, a~d wiihout reference to the +dequacy a inadeq~acy of the value of the property mortgaged or to the ao:vency or ;nso!~ency of said MORiGAGOR w the defenda.+ts, and that svch renro, ~rof;ts, inca~~e, issues and revenues shall be applied by such Receive~ accord~ng to the lien or equiry of said MORTGAGEE and the pracnce oF such CouA. 8. To duly, promptty and ful~y perform, di;charge, execute, ef(ett, complete, comply with a~d abide by each and every t~e stipufations, agreements, canditions and covcr.ants ~n said promissory nore and this mortgage set iorth_ i 9. 7har in rhe ever.t the ownership of the mortgaged prem~ses, or any part thereof, becpmes vestcd in a perwn other than the MORTGAGOR, the ? N,ORTGAGEE, its successora and ass~gns, may, wifhou~ not,ce to the MORTGAOR, deal with such successa w succeszw in interesi wi~fi reference to this r r^ortgage and the d_ut fierehy sec~r~d in the same manner as wi~h Mortgagor without in any way vit~ating w d~scharging the Mo~tgaqors' liability here- u~~drr w upon the deot hr~eby secored. No sale of the premises hereby mortgaged and no forbearance on the par~ oi Ihe 11VORiGAGEE or its s+:ccessws cr assigns and no ex!e~s:on of the t~me for rhe paymem of the debt hereby secured given by the MORTGAGE~ or its suctessois or ass:gns, s+~all operate ro reledse, d~scharge, mod~fy changr or affect the orig,nal lia6~l~ty of the MORTGAGOR herein, eithe~ in whofe or in part. 10. It is spec~f~calfy agreed that time is of the essence of this contract and that no waiver of any obl~get~on hereunder or of the obligation sr cured hereby shah at any time thereafter be held to be a waiver of the terms hereof or of the instrument secvred herby. 11. fn atid.t~o-~ to tiic fo~eyc'~,g month!y paymenis of princ~pai dnd interest req~ired by fhe prom•sso~y no'e sec~rrti ri~•,ror, r,.~:!ga~ot tovenanfs i and agrees to pay to matgagee v~ith each momhly pay~:.em an add~rional sum estm;a~ed by mwtgagee to be eqval to l, 12 of the annuat cost of the ioliow- ..,y: A-AI! real pro~erty tax2s Iened o. assessed aga~~sf the above described rea~ estare. B-Pr~~n:~,, ~-:s on /~re and windstorm inswance as he~ein requ;red to be tarried on the imprcveme~ts s;tuate on th~ above desaibed premises. C-Prem~un,s o~ such morrg>ge gua~anty ir.surar,ce as morrgagee sha11 from t;me ~o time deem fit to carry on the loan secured hereby. : Mortgagrc i~a'' `~cm r~me ro time nct~fy mort3agor in w.it~ng of fhe amount due and payabte hereunder and such surn shall thereupon be due and ~ c~vable on che d;;e oa!e of rhe ~,exr month'y paymenr and each successive month +hereaffe~ ur.til mongagee s!~a!1 not~ty morrgagor of a change in such ~~~ovnt. Such sums s^a i~~e apF~iied by mongagee toward the payment of real property taaes, insurance prem.ums, a~~d mortgage g~aranty insurance o'emiums. N WtTNE~S :1NFR._OF. rne sa~d MORTGkGOR has hercunro set his ha»d and seal the day a~d year firsl aforrsaid. s'~"~~'' ~~s~^« °f: FILEO AND RECOROEO± ?~i ss ` 9T. LNCiE G4u~~1~ F ert T. zn t ~ _ _ R COR F! ~~a,~ ` (Seaq .~`~~tness - len M. Linfert , s~k1E oF flHIO ~7~ ~~S ~ i ~p . ( a . CJUNTY OFa,ON~~~." " 1LTQ~1/ ~ I'7rc G Befo~e me perwnally apFxa~ed TR t _ a~ • ' _ HQlen M' L11'~ErL ~ his wif~, to me well k~own and known to me to be ~he ~nd~v~dwb descr~bed i~ and wAo executed the fwegoiny instrument, and atknowledged befwe me that they executed the ~ame fw the purposes f?~«~~~ ~xwe.s.a. n.~d rr~ said Ne2en M. Linfert +~:Fe of the ud ~ Robert T. Linfezt upon a separare and priv~q e¦amination by~ms t~ktn ~eparate and apart from her uid husband, acknowledged to and be~ore rrk that she exetuted said instrument freety and volun- ra~~ly ~ wi~~' ~y 'Carp~ubion, constraint, apprehens~on, w fear of or from her said hysMnd. Wf~?i~~6rMq'F~r}~~dofficiel seal this- da of 7d - v•` `6 y !$e t@mbQl A. D. 19 t,~/ ~ ~i Yi _ ~ ~ ~ ~i~ Z~l~~r,~t'~;~..- _ '1'.i~.` ;~i ~ Notary Pubtic in a.~d iw the State of FtpfbAOat r9e a:.•+ : My Comm~ssion expires: ~Y1 ~ y'~~~ o`~ DONALO C. tAUTERWASSER f~rw~ fec~si! ~Sirin~t. dr~t~n ~?uoda~;on py~~ ?tan CaY~1iy. OMiO ~ • ~ Qf;"Por~. ~,sr'cs. ,~(~SSIOl1 ~1 tVED f ~ ~ . tf d ~ i• ~q Jaoe 1S~ 1971 I~•f°.~'~+y~"~;,F?pitida ~ F!.":S~A,YT y~ ~C~ IMTAMG1BtE pE~{PAY~fE1VjT OF 1 ~ ~ ~ ~ U CHAATcR ~~'W. p ~ F.CC'R AOr, ~o~~a, ~crs oF ty~~~tnr, ~ A, N Cterk Grcuit Cour~ This Instrument Prepared 8y J. D. Chastain ~A~~~~ N. Klypyy~E~ First Federal Savings ~ loan Association ~ ~urty Tax Col;ecfor of Fort Pierce , F lor ida Checked 8y 6~ 1-~ c ~Y CLfkK i UQ ~ i B0~( P~1f~ ~ ~ ~ ~ . _ ~ _ .