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HomeMy WebLinkAbout0759 3. To piace and continuously keep on the bui!ding~ now o~ he~rafter s~tuate on eaid lend and u~ all equipmeM and pe~sonaliy covered by ihia mortg- ega, wi~h all prem~urns thcreon pu~d in 1uU, lira ins~~ante in ~he uwal staidard policy form, in a sum aE.p:uvcd by ~hc MOR~i,AGEf, a~~d windstorm ~nsurance in the usual s~anda~d poLcy (o~m, in a wm approved by the MORTGAGEE, in svch company w com~~an~ea as ihe 6'lORlGAGEE may dnec~; and all (ire and w~ndaTorm insurance policies on any o( said build~ngs, any intero~t therein or pait fhe~coi, in ~he aggirqa~e sum aforesaid o~ in excess Ihereo(, shall coneain Ihe usual sra~dard morrgagee dause or such olher clawe as Ihe Mo~lyayee may reyu~re, making the ;ess unJer sa,d poli- c~es, each and every, payab~e ro said A10RTGAGEF as its inferest may appear, and each and every suth put~c~ sh~ll be pro~nptly ass g~~ed a~~d deiivcred to any held by said h10RiGAGEE as (urthe~ security to said mortgege deb~, and, not Iess ~han len (101 days in advante of ~he expu~t~on o~ each policy, to de- livet fo said MORiGAGEE a renewal IF~ereof, logeiher with a receip~ tor the p~em~um of ~uch renewal; and Iher¢ sf~ail be no f~re or w~~~Juor~n inswance plated on any of said buitdi~~gs, any interesl there~n or parl thereof, unless in the iorm and with the loss payaLle as afo~esaid; and in the e~reN any sum ' of money becomes payable under such poiicy or poGcief said MORiGAGEE shall have ~he ophon to rrceive ond apNly tAe samr on atce~:~r o! rhe indebred- ~ neas secured he~eby or to permit ~aid MURIGAGC~RS to receive and use it or an~ part ehe~col lor o;i~~r ~,u~; ~s~s, ...+i~~,•..t ih .v..~.~,~ ing any equ~ty, lien or right unde? or by vir~ue of this mortgage; and in the event ~a d MORTGAGORS sha11 tor any ~cason ta~~ to krep ~nc sa~p p~rn,ia~•a av ` insured, oi lail lo deliver proniptly any of said pol~cies Of insurance fo said MORiGAGFE, or fo;l p:omptly to pay fu~ly a~ty pre~~„~~n tiiervfor o+ m eny s respect fail to perform, d~scharge, execute, effeU, comp~ete, comply with and ab~de by this covenanl, or any p.+rt hareof, snid ~l~uR(GiaGEE niay piece a••o pay for such inaurance ur any part thereol wi~hout waiving or affecting any option, lien, equ~ty, or ngh/ ~nder or b1 vi.eve of th~s hlortgage, and thc ; f~ll amouM of each and eyery such payment shall be immed'+ately due and payable and thall bear iMere~t 1rom the date thcrcot u~~~ll p.,~d at tt~a rate ol ~ rvne per centum pe~ annum anJ togrther with such inte~est shalf be secured by the lien of this mwtgage. i To permil, tommit or suffer no waste, impairment w deterioration of aaid piopetty ot any part ihereof. r i S. To pay all and singular the costs, charges and expenses, ~nduding a reasonabte attorney's (ee and cosrs of abst:acts oi tl~!e, inc~rred or pa~d at ~ny time by said MORIGAG.E, because or in the evem of the fa~;u~e on the part of the s~id MORTGAGOR to duly, pro~nptly and f;,.1y ~:~~form, d~scnarge execvte, ef(en, complere, co~nply w~th and ab:de by each and eve~y ~he st~puiaf~ans, agreements, condit~ons, and tovena~zrs of sa~d pro~~~~~so~y nore and rh~s norrgage any or enher, and sa:d cosrs, charges and eapenses, each and eve~y, shall be immrd~ately due and payable; who~her or nor thcre be nnnce d_~ mand, attempt to collect or sui? pe~~d~ng; and the (ull amount of each and eve.y such paymem ahall b~;a. mterest from the date th~reaf ~n~i1 pa~d al the •.~rF o~ ~~i~~e Ner centum prr ann~:n; and all said costs, charges and exNCns<s incurred w paid, togetl~er wrth svth ~nte~rst, shali be srwred by ~he i~en of th~s mongage. 6. That (a) in the event of any breach of this Mo~tgage or defauh on the part of the MORTG~IGUR, or ;b? ~n thc evem any o( aa'd wms of money f~erein ~eferred to be not promptly and lully paid witF.in ~h~rty (30) days next ait•_i t6e s:+•»e selera'ty become dve and paye~le, w~rhovt derriend or nar,ce, or in the event each and every the stipulations, agreements, co+:ditio~is and covenants of na.d prOmiSiory not~ and fh~s mortgage any or e~ther are not ~~iy, promptly an~ fuliy pe~formed, d,xharged, executed, effeded. completed, comp~ied with and ab~ded Sy, then in e~ther or any su:h event the sa,d aq gr,-gate sum mentioned in iaid promissory note then rema~ning unpa~d, with interear atcrued, and atl ~noneys setu~rd hereby, shall become d~e a~d pay- rb~e forthwith, or thereafter, at the option of sa~d MORTGAGEE, as fully and completely as if all 01 th_• said sum: of money were or,y~na:ly st~pu;atcd to be pa~d on such d~y, anything in sa:d promissory note or in this Mortgag? to the contrdry noF.vithstanding; arld thereupon or thereajfer at !he ophon of s~;d MORIGAGEE, w~rhout no~~ce or demand, suit at law a in equity, therefore o+ Ihereahe~ begu~, may be prosecuted as if all moneys secured hereby n.,d rnatured pr~or to its ins~itut~on. 7_ That in the event that at the beginning of cr af any time pending any su~t vpon th~s Mortgage, o~ to forecfose it, or to refo.m i?, or to enforce p.iyment o! any daims he~eurtder, said MORTGAGEE shall apply to ihe Court havir.g ~ur~sd.cnon thereof for the apNOin!ment of a Recei~rer, s~ch Co~rt shail fonhwith appoint a receiver of said mortgaged p~ooerty a11 and singvlar, includ ng ~II and singu~ar the income, profns, issuei and revenuea from whetever sevrce de~ived, each and every of wh~ch, it being express~y unde+atoad, is heieby mongagc~d as if spec~hcally set for~h and descnbed in ihe grannng and h.~t,end~m dauses hereof, and such Receiver shali have atl the broad and effective funct,ons and powers in anyw~se entrusred by a Co~~t to a Recriver, and s.ch appointment shall be made by such Court as an admitted equity and a mauer oi abiol~~e rigM to said MORTGAGEE, and wirhout ~efe~e~~te to the adeqvrcy or inadLquacy of the value of the property mortgaged or to the so~venty or insoivency ol said MORiGAGOR o~ the defe~~dants, a•~d that such r~~~,rs, profits, income, iuves and reven~es shail be applied by such Receiver atcord~ng ?e the lien or equity of sa~d /~10RTGAGEE ard the pra:tice of such Court. 8. Io du!y, promptly and lully p~~form, discharge, execute, effect, corr~lete, comp!y w;th aod abide by each and every the stipaiatiors, agreements, conditions and covenants m aa~d prom~ssory note and this mortgage set fonh. 9. That in the event the ownership of the morigaged prem~ses, o~ any part thcreof, becomea vested in a pe~so~ o+hP. than fhe MORTGAGOR, the ".•.~RTGAGEE, its successors and assigrts, mey, wifhout nof~ce fo the b10RTGAOR, deal wrth such successor or successo~ ~n mterest w~rh reference to th~f n~crtgage and the de6t hereby secured in the same manner as with Mo~tgagor without in a~y way vif:ating or d~scha~o~ng the /llortg„gers' lfab~ii~y here- : ~••der or uFwn the debt hereuy secured. No sa(e of the Frerrises hereby mortgaged and no forbearance on the pa.t ow rhe !AOR;GAGEE of its successors e+ ass~gns and no en~ers~oft of fhe time for the payme~t of the debt h~,eby secured given by the MORTGAGEE or its successors or ass:gns, a~,al! operare ro re~ease, d~scharge, mod~ty ~hange or af(ect the orig;nat Iiab:Gty of the MORiGAGOR herein, either in whole or in part. 10. N is spec~(ically ag.eed that time is oi the essence of this contract a~d that no waiver oi any obl~gat~on hereunder or of the ob!igat:on se- ' cured hereby shalt at any time thereafter be he'd to be s wa~ver of the terms hercrof or of the iT~~vumem srcwrJ i~rrby, ; 11. In a;id.r.o:~ to the forego ~g momh!y paym~nts of princ pal and inirres~ ~equfred by the prom ssory ~,e~e s~c,,rrd hc~~•br, morlg~gor co.rnanls e•,d agrees to pa~ to e~o-rgaqee ~n~th each n,ortth~y pay~.,ent an add~~ional sum ev; ~~.ated b,r mortgagee to be e.;~a~ ro I 12 ot r:~a an:,~~' cost of the foiiow- , A--AII rcal propcrty taxes levied or assessed agai•,st the a6ove describ_d real estare. B-Pr:•~~ ,~s on hre and windsrorm inwrarce as here~n requ~red to be carricd on the ;mproveme~ts s~tUate on the a~ove d_sc.~bed premises. C-Pre~ni~n~s on such moregage guaranty ir.sura~~ce as mortgagee shall fr~m t m~ to t~~ne deem fit to carry on the loan sec~:ed herrby. Mo.tgagee s~ai! ~rom time to time noti/y mo~tgagor i~ writing qf the amovm d~e and payable hereundar and such s~-n shail there~pon be due and . r, ab!e on the d~e date of the ~~ext momhiy payme~~t and each successive month the~eaiter uotil mortgagee shal~ not:fy mortgagor of a change in such - ount. Such swns s~a i be app:ied by mortgag~e toward the payment of real property taaes, insuranCe prem,ums, and mortgage gua~anty insurance •"<=miUm3. IN YJtTNEaS '.'~HER.OF tne said MORTGAGOR has hereunto set his ha~,d and seal the da year ~irst atoresaid. Signed al an 'vered in the presence or: F~~ED AND RECORDxE~ ST, l.UC1E COUN7Y. F ~ ` `C~`~ r, t', ~i ; = r r i tSeal) . ~?~17~7aJ ~-(Seal) (Seai) (Seal) 'ZO S~? 24 Pt~l ~ ' 0' 5: aTE OF itORIDA 1 ~ ~JJrJTY Of SL• L11C1@ j ~ ~j\ eefore me rsonaU a ~ 1~~ n~~~~T~~+S~ P~ Y PPeared Blllle .~@3h~4~--(~~~T _ and B6tty ROi1I6y ~ ~ his wife, to me well known and known to me to be t~e ind~viduals desuibed in and who enecured the foreq~irs~ insiiument, and atknowledged before me that they executed the same for the purpose~ ~herrin expressed. And the said____ ~LL~/ ~20RZP~( _ +.~fe of the sa~d 8~11~Q jtQ~/leY _ upon a separete and privste e~am~nat~on by me taken separate and apart from her said husband, atknowledg~d to and beFore me that she executed sa~d instru~nent freely and vol~n- rar~ey a~d w~tho~t any compuision, consrraint, apprehens~ory or fear of or l~om hei said husband. WlTNESS my hand and offic;al seal this_ ,/9 ~ day of 5@ t61Rb@Y A. D. 191Q_ ~ Notary Pu c in and 1or the,5tate of F{orida at Large :~t` My Com ssion expires: ~.SfYj~ ~ 6 Retum To: , -~7 ~ Fir~t Federil Savin • d. loan Assotiaf~on ' , Of Fort Pe:c> `t~~t'~~t11~1i{j, t,. r~~'r_ ~tDlt Of FIOft~A At ~J/Q~ • `~C.: • ~ Fort Pi:rte. Ftor~de a• •r.~i , ~ ~ ~'j L~ •~.~.ui1J(1 ~~z~l/CS fi.'9. ~j. ~97~ ;/i'~~ . bna~.; Ir ?d16M~ i1! ~ L~1aM[ ~b ~~.~f~ ` ~ ~ • . This Instrument Preaared By {~hR. $~r. ~Z~ ~ ~ : First Federa( Savings 8 toan Association s:, - of Fort Pierce~ Rlozisla Q : N+.~sel-9t _ / ~ ~ • • U R . . $~K1~7 759 , x _ ~ ~ _ ~ . ~ _ - _ : - ~ _