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HomeMy WebLinkAbout2712 3. To place and continuously keep on the Suildings now or he~eaitet aituale on said land and on atl equipmero and personaMy cova+ed by this mortg• ege, with all premi~ms fhereo~ paid ~n (ull, fire inswa»ca in ~he usual standard poGcy (o~m, in a awn appiovrd by ~he h10k~',:.GEE, a~~d windstorm insuronte in the usual siandard pol;ty form, in a sum approved Ly the MORTGAGEE, in such company or coenpanies as the h10RTGAGEE may d~rec~; and all 1i~e and w~ndstorm insurance poGues on any o( sa~d bu;td~ngs, any in~eiest therein or part Ihrieof, in :hc aygr~ga~e w~n atoresa~d or in excess thereof, shall contain the usual sta~~dard mor~gagee ~lause or such ofher clause as Ihe Mortgagee may requ~re, rnak~ng ~h,; lou undrr s~~d poti- des, each and every, payable to said MORTGAGEE as itt in~eres? may appear, and each and every s~ch poncy shall be promp~~y ass g~~rd an;} de~ivered +o any held by said MORJGAGEE as further sew~ity to said mort3age debt, and, not less than ien (10) days in ad+ance of ~he expirot~on of each pol~cy, to de- Gver lo iaid MORTGAGEE a renewal thereot, ~oge~he~ with a i.ceipt (or the premium o1 auch renNwat; and there shall be rw f~re or w~~~dsrorm insurance plated on any of said buiidings, any Fnterest therein or part thereof, unless in the (o~m m~d with ~he loss payable as aforesa~d; and in the evenl any sum of money betomes payable unde? such poliq or policies said MORTGAGfE shall have the ophon to rece~ve cnd ~p~ly the :ame on account of the i~~drbtvd- neas secured he~eby or to permit said MORTGAGORS to receive and use it or any par~ ~hereof t~• otn~ r purF.oscs, .-.:rh-,~t m.•~..,; n~,p„I~- ing any rquity, lien a right under w by virtve of this mort~age; a~d in thc event sa:d MORTGAGORS shall for any rcason iail to kacp the sa~d premis~~s so in~ured, o~ fail W deliver prpmptly any of said politiet Of ins~rance fo sdid MORTGAGEE, or fail promptly 1o pay fully any pr~m~um ther~for or in any resped fail to perform, discnargq execute, effect, complete, comply with and ab:de by this covenant, or any part hrreo(, sald MuRi,:,AGEE may piace ano pay iw such insurance or any part lhereof without waiving or affecting any option, lien, equ~ty, or nght under or by virtue ol th~s Mor~gage, and ihe full amount ol each and every such paymenl shall be immediately due and payable and shatl bear interc•se from the date thereof ur,~il pa,d at the r.~te ol n;ne per cen~um per annum and togrther with wch inte~est shall be secured by Ihe lien o~ th~s mortgage. 1. To permit, tommit or suffer no waste, impairment w deterioration o( said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attwney's fee and cosrs of abstrac~a of tirle, incurred or paid af any time by said MORTGAGfE, because or in the event of ihe fa~lure on tne part of rhe said MORiGAGpR to duly, p~o:,~ptiy and fu~ly p~~form, dscharge exec~te, etfeu, complNe, tomply with and ab~de by eath and every the sr,p~lahons, agreemenb, tonditions, and covenants oi sa~d prom~ssory no>e and th~s ~:ortgage any or eifhe~, and sa;d costs, charges and expenses, each snd every, shall be immediately due and payabte; wAether or not rhere be noNCe da n,and, attempt to co!lect or suit pend~ng; ar~rl the fulJ amovnt of each and e~ery svch payment sAall bea~ interest fro~n Ihe date thereot until paid at Ihe r.~te of nine per centum per annum; and all said costs, char9es and ex~nses inturred w paid, toguther wJh such interest, shall be secured by the I~en of th~s mOrtg~l. 6. That (a) in the event of any breath of this Mort~age or default on the pa~t of th~ MORTGAGOR, or (b) in the evenl any of sa:d sums of money herein referred to be not promptly ar,d fully paid wirhin thuty (30) days next atf~r ~he sa~ne se~era!ly become due and payable, wid~o~t demand or noti:e, or ~c) in the evero each and every the stipulations, agreements, condit:ons and covenants o~ sa:d pron,issory note a~,d }h;s n:ottgage any or e~tber a.e no1 ~~ly, promptly and fulty performed, d!scharged, eaecuted, eifected, completed, compl:ed with and ab~ded Sy, then in e;ther or any s~ch evem the sa~d ag gregate sum meniioned in 3aid promissory note then remaining unpa~d, with intere,t accrued, and alI mon~ys secured hereby, st~ali bccome d~e and pay e~ie forthwith, or thereafter, at the opt:on of said MORiGAGEE, as fully and completely as if all of the sald su~z-~a of money were or~gina;ly st~p~tated ro be pa~d on such d,:y, anything i~ sa.d promissory nose or in this Mortgage to the contrary no~wirhsta•,d~ng; and thereupon or thereafler at the opt~on of sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereafrer beyun, may be prosecuted as if all moneys secured hereby nad maWred pnor to ds institution. 7. That in the event that at the beginninq of ot at any time pending any suit upon this Morrgage, or to foreclose it, or to reform it, or to enforce payment o( any claims hereunde?, said MORTGAGEf shall app(y to the Cou~t ha~ing ju~~sd:cnor, thereof for the appo+ntment of a Receiver, such Court shaU Forthwith appoint a r~eiver of said mortgaged property all and singular, includ,ng aIt and singu~ar the income, prof~ts, isaues and reve~~ues from whatever source derived, each and every of wh~ch, it be~ng expressty understood, ia hereby morrgaged as if spec~fically set forth and describrd in the granting and habendum dauses hereof, and svch Receiver shal! have all the broad and etfecrive funcr,ons and powers in anyw~se entrusted by a Court to a Rec~ive~, and ~ scch appointment shall be made by svch Court as an admitted equity and a maner of absolute r~ght to said MORiGAGEE, and w]rhout reference to the edeq~acy w inadeq~aty of ihe value of the property mortgaged or to the so~vency or insotvency of said MORTGAGOR or the defer,dants, and tha! such ren~s, profits, i~come, issues and revenues shall be applied by such Receiver accord~ng to the lie~~ or equity oi said MORTGAGEE and the prachc~ of such CouA. 8. To duly, promptly and f~lly perform, discnarge, ezecute, effect, complete, comply wirh and abide by each and every the sriputatians, aqreernenfs. conditions and covenants in sa~d promisswy rwte and this mortgage set fo~th_ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its s~ccessws and ass~gns, may, without notice to the MORTGAOR, deal with such successor or s~ccessor in interest w~~h re(erence to th~s ^-ongage and rhe deot hereby secured in the same manne~ as w~th Mortgagor vv;thout in any way vitiating w d~scharg~ng the Nlortgagors' Iiab~Iity here~ under or upon the drbt hereby sec~red. No sale of the premises hcreby mortgaged and no forbea~ance on the part oi the /110RTGAvEE or its successors ` or assigns and no exte~sion of rhe nme (or the payment of tfie de6t he.cby secured given by rhe MORTGAGE~ o. its s~ccessors or ass:gns, ai~afl operate ! to release, d~scharge, modify change or affect the o~igmal liabi{ity of the MORiGAGOR herein, either in whole or in part. 10. It is spet~fically ag.eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obtigation sr cured F~ereby shall at any time thereafter be held to be a waiver of t~e terms hereof w of fhe instrument secured herby_ I 1. in add.ra~ to the forego ng mortth'y paymertts of pr~nc pal and ime~esf required by fhe prom ssc~y nore s~cured 'ner~b~, mo: t~;~or covenants an~ agrees to pay to mo-tgagee wi!h rach monthly pay~nent an add~iional sum est~ma~ed by morrgagee to be equai to 1 12 of the an~,ual cos~ of the follow- ~n9: • A-All rea~ property taxes fev~ed or assessed against the above described reaf esrare. B-Prem~ums on fire and wlndsrorm insuracce as herein ~equ~red ro be carried en the ~mprovements zituate on the above dexr~bed premises. C-Pre~nivms on such mortgage guaranty inwraf~ce as mortgagee shaU from t!me to time deem fit to carry on the loan sec~red hereby. Mortgagee sha!i from t~me to t~me notify mortgagor in writing of the amou~t due and payable hereunder and such s~rn shal{ thcrevpon be due and ~ayable on the cl~e da!e of the neat monthly payment and eath successive month thereafter until mortgagee shaH notify rnortgagor of a change in such a°~.ount. $uch wms s~a'i be applied by mortgagee toward the payment of real property taxes, insurante prem:~ms, and mortgage guaranty insurance r~emiums. IN WlTNE~S 'NHFRc'OF, the sa~d MORTGAGOR has hereunto set h~s hand and seal the day and year first aforesaid. ' i ned, Sealed and de'vered in the presence of: / - . ~ lL.l..rQ l~Q~L~/ `/~~ie Hansell, a single ~s~aq a ult cseaq j (Seat) ~ _ - / (Seelj / ST E OF fLORIDA ~ couNn oF St. Lucie I Before me penonaNy appeared Ruth Brie Hansell. d sinole ad111t~ fiirwiie, to me well known a~d known to me to be rhe individuafs desu~bed in and who executed the foregoing i~strument, and acknowledged befwe me that ~eT executed tF~e same for the purposes rherein expressed. Ar~~ff~e..sa~ ~if~ ~f-fbe~ Nir 1 •.s~wiwakar~b ..~w4w +~~~~~++~+nd~i+is~e i Y~ ~ePw«~ w~i~a~f.f~ow?.hea ~sid~iN~~r.aclw»vd~j~d~~ ~nd-twf+renwe~iw~? ~M a~eR~ . ' ~M' ~ ~ar+F/'wd~w~Nw~rl.~wy-wwµwis,<~tbiw~r~'p~ew~nw~nr~K-frsrs~~r- ' J~rs~J. ~t~~. .~r~~~ WITNESS my hand and official seal this ~i n~'`) day F October 7O . K t9-_ ~ - Notary Pubtic in and for thl~ e of fbridt • My Commissio~ expires: l~[~. at ~ Returo To: F1LE0 AND RECORG~O ~~.~;z,~ ~9n ~ f~rst Federat Sa+~ngs 6 loan Associatioo sT. tUCtE COUNTy fLA. F~~~~~~~ G of Fo~t P~e~ce. ROCfR POITRAS ' t- . fort P~erce, Florida CLERK CIRCUIT COURT~~jg~ ltECORD 1?ERIFIEO~~..I~/ y;,.~\`J aH •70 ~ ~ „ OCT Z~ ~0 38 This Instrument Prepared By James D. Chastain First Federal Savings 8 Loan Association 2Ca243 of Fort Pierce, Florida Checked By~_ aca~~8`~ ~?r~~~.1 ~ } , : . - ~ P ~ . _ _ ~ .