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HomeMy WebLinkAbout2080 i . . 3. To place and contir.vously keep on the buiid~ngs now or hereafter s:tuate on sald land and c~ al1 equipment and persor.aUy covered 6y ~his mor~g- age, w~th ail premium~ thereon po~d in iull, fire insurance ~n the usual standa~d po~~cv form, in a sum approve~ by the A10R~uaGEE, and windito~m insurance in the usual standard poGty fonn, in a wm approved by thr MORTGAGEE, in such company o~ to~npanien as tha R1pR1GAGEE may d~ract; and aU fire and w~ndstorm insurance policies on any of sa~d build~ngs, any interes~ thzrein or part thereof, in tF~e a99rega~e s~m aforesa~d or in excess ~hereof, shall contain the usual atar.da~d mertgagre dause or such other clause as the Murtgagee may requ~re, making ~he leis undrr sa~d poti- ues, each and every, payable ?o said h10RTGAGEE as ~ts intrrest may appear, and each and every sucti po!~cy sha~t be nromp~ly a~s gned a~~d d<e~vcrrd to eny held by said MORTGAGEE as further security to said mort9age debt, and, not less than ten (10) days in advance of ihe expiration oi each poGcy, to dr- Gver to sa~d MORTGAGEE a renewal thereof, together with a iece~pt for the premium of such renewa~; a~~d there s~w1l be ~w f,re or v.:nduonn insurance placed on any of said buitdings, any interest lhere~n or parl thereof, unless in ~he torm ard with the loss payable as a(oresa~d; and in the event any sum of mo~ey becomes payabte under such policy w policies said MORTGAGEE shall have the opt~on to rec~~ve and apNly the same o~ acco~nt o( the indebted- ness secur~d hereby or to permit aaid MORTGAGORS to receive and use it w any part thercof for o:i,r~ pu , oses. .:~~tio.;t thr~ o: c~ ~~+~p..~~- ing any eqv~ty, lien w right under w by virtue of this mo::gage; and in the event sald MORTGAGORS shall for any rcason fail to k~~ep the sa~d premises so insured, or fail to deliver promptly any of said polities of inaurante to aaid MORiGAGEE, or f~ll pron~ptly to pay fully any pre~nivm therefor or in a~y ~espect fail to perform, dncharge, ezecute, eifect, complete, compty wirh and abide by this coveoant, or any part ha~eof, sa~d MuR1GAGEE may p+ace ana pay for such insurance or any part thereof w~thout waiving or affecting any o;.~~on, lien, equity, or r~gM unde~ or b~ virtue of ih~: hlor~gage, and the full amount of each and every such payment shall be immediately due and payable and shall bea. inte~est from tha datr thereof ~nr~l p„id a1 the rate ot nme per centum per annum and together with such interest shali be srcured by the lien of this mortgage. 1. To permit, commit o~ suffer no waste, impairment a dete~ioration of said property or any part the.. af. S. To pay ail and singular the coats, charges and expenses, including a reasonable attorney'a fee and costs of abstracts of t~tle, incurred or pa:d at any time by sa~d MUR:vAGfE, becaux or in the event of the faJure on the part of ehe said MORTGAGOR to duty, pro:nptly and futly perfonn, d~scharge. execute, effett, complete, comply w~th and ab:de by each and every the s?ipuianons, agreements, condir~ons, and wvenann of sa~d pron~„sory note and th~s morigage any or either, au.i sa~d costs, char9es ar.d expenses, each and every, shall be immediatety due and payable; whether or not tha~e t~e r,of~ce d> mand, attempt to co~led or suit pend~ng; and the full amount of each and every such paymem shall bea~ interest irom ~he date thereof ~ntil pald at the r,~fe of nine per centu~n per ann~m; and aU said costs, charges and expenses irxurred or paid, togelher w~th such interest, shalf be secured by the i~en of this mortgags. 6. That (a) in the event of any b:each of this Mortgage w default on the part of the MORTGAGOR, or ;b) in the event any o( sa:d s~ms of money herein referred to be not promptly and fully paid within thi~ty (3~) days next af~er the sa~ne severatly beco:nr due and payabte, wuhout demand or ~~o~ice, o. (c) i~ the event each and every the stipu~ations, agreemeNS, cond~tlons a~d covenants of sa.d promissory noee and ~h;s mortgage any or either a~e not j~ly, promptly and fully pe~fwmed, d:scharged, eaecuted, effected, completed, complied with and ab~ded 5y, then in e~ther w any s~ch event the sa~d ag- gregate sum mentio~ed in said promissory note then remaining unpaid, with imerett a:crued, and atl moneys secured hereby, shall betume due and pay- abie forihwith, or ~hereafter, at the option cf sa~d MORiGAGEE, as (ully and completely as ii all of the said sums of money were or~gr,a~ly st~pulated ro b. pa~d on such day, a~yth:ng in sa.d pro,n~ssury note or in this Mortgage to the conhary norwirhstandhig; and ~here~pon or thereefter at the op~~on oi said MOR~GAGEE, w~thout notice or demand, suit at law or in equity, therefo~e or thereafter begun, may be prosecuted as if all m~neys secured hereby nad matured pr~w to ns ins~itution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any dairr,s hereunder, said MORTGAGEE shalt apply to the Gourt having ~wisd:~tion thezeof for the appointment of a Receiver, wch Court shall iorrhwith apH~:~t a receiver of said mwtgaged prooerty all and singular, includ~ng atl „~•d s~ngular tF,e intome, p~ohts, issves and revenue: from whatever ~ sour~e derived, each and every of whrch, it being expressly understood, is hereby morrgaged as if speufkatly set for~h and desuibed in the greming and habendum clauses hereof, and such Receiver shall have all the broad and effecfive ~unc~~ons and powers in anyw~se ennusted by a Co~rt to a kecriver, and s..ch appointment shall be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAGEE, and w~~hout re(erence to the ad~quaty a inadequaty of the value of the property mortgaged ot to the soiventy or insofvency of said MORTGAGOR or the defendants, and th~t such rems, profits, income, issues and revenues shall be app7ied by such Receive~ accord~ng to ~he {ien or equity of sa~d MURTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth_ 9. 7hat i~~ the event the ownership of the mortgaged premises, or any part thereo.`, becomes vested in a person other lhan the MORTvAGOR, the M.ORTGAGEE, its successors and assigns, nay, without notice to the A10RTGAOR, deal with svch successor or successor in interest wi~h reference to th~s mo~tgage and the deht hereby srcured in ths same manner as with Mortyagor without in any way viuating or d~scharg~ng the IJlarrgagori Iiab~lity here- under or u~on the debt hereby secured. No sate of the Frernises hereby mortgaged and no forbearance on the pa.t of the tAORiGAGEE or its succassors or ass~gns and no exrension of the time fw the payment of the deb~ hereby sec~red given by the MORTGAGE~ or its successors or ass;gns, :E~ali operate ro release, d~scharge, modity change or affect the original liability of rhe NIORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract.and that no waiver of any obtigat~on hereunder or of the obligation se- cvred hereby shali at any time the:eafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1 n add tio~ to the forego ng month!y paymems of princ paI and interest required by the promssory no'e secured hcreb~, mortgagor covenants ar.d agrees to pa rt aqee mith each monthfy pay~nem an add~~iona! sum es?~mated by mortgagee to be equal to 1, 12 of 2!w a~wwal cost of tfie follow- ing: - . I - ! A-All real property taxrs ~evied or assess_ a ab ii5edreal estare. f B-Premiums on fire and windsrorm insurar,c em req~~re ied on the ~mproveme~ts s~wate on the aboce described premises. f . C-Premiums on s~ch mort a anty ~nsurar:ce as mortgagee shall from t~me to i aQm fit to carry o~ the loan secured hereby. ~ Mortgagee sfiai~ time to time notify mortgac~or in wreing of the amount due and payable hereu~ n~n sum shall thcre~pon be due and ;.3yable on th e date of the next month!y payment and each successrve mon~h therealt^r until mortgagee shall not~fy morl~go a chanqe in wch ~ a~-.ovnt. c s~ms sha:! be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guara ' surance j ums. ~ IN \VITNE55 :YH~R~OF, the said MORiGAGOR ha~grpuplo.sN~is~i~d~[e~ the day a yea first f esaid. € l~Gl3 A ' ~ ~ S~gned, Se ed and ered ~n the p~esence of: ~U C? E C C U ~~T F - ~ - - ~ ' ~ , ~ r} R : - ~ ~ ~ ~ ($eal) ~ _ n~~vypp t5eal) a ~ ~JJ / Ot> Iseal) ~ ~~'J ! ^T ~ O W'1 ~n . 3~~ _15ea1) STATE OF iIORIDA ~ ~ ~ COUNTY OF St . Ll1Cle 1:• ~ r(~iT ~ Befue me personally appeared C(.,,~ KI QC 0 U RT and ~ - ~ Mary Lou O!r@11S hts wife, to me well known and knovvn to me to be ~ the individuats describad in and who eaecuted the fwegoing instrument, and tcknowledged beiwe me that they executed the same for the purposes ~ rherei~ expressed. And the said_ Ma1 Y LOII ~9f@t]S _ ~ w~fe of the said J• W. OMP~l3 upon a sepa.ate and private - r ~ exam~nanon by me taken se,~arate and apart from her said husband, acknowledged to and befo~e me that she executed said inst:umem freely and votun- + ~ rar~ly and w~thout any compulsion, constraint, apprelxnsip~or fear of w from her said husband_ PC WITNESS my hand and offiual ual this_ day of ~ A. D. 19-ZQ Notary Public ~ er.d (or the State of Fbrida at Large My Commissi expires: d 6 7/ Retum i0: ~ ~ Fint Federal Savin9s 3 loan Assouaron ~{ll~~t~;~~: ~ ' = Phtery ~+}hI'K. Stek o1 ~c~ride at L~r ~ Of for~ P,erce. M~ Cu~er:,ti~iptl Fr~jfts ~cL ~ ~ Fo~r P:erce. Flor~da ~ ' ~ i I~rw ~y b. 19~~ t - y, M~pw f,a 8 C~,,.~y ~y ~ - ~J~ • ' ~ ' 'C . 3 _it~'`~'_ : . - s : y'°:'. r. ~ This Instrument Prepared By WID. B. BTaU1t ± ;t. j ' - -1 ` - ~ ~ First Federal Savings 8~ Loan Association ~ ~ of Fort Pierce , :p • • , Florida ' ~ ~r`~~, J ' r'. r . Lf~--- ' • • . ~ Checked By ~ ~ . ~ , -a i _ f 600K PAGE~~ ,-i' ? . _ ~ :~<s~.~__: _ .