HomeMy WebLinkAbout0006 J. To place and continuoualy ksep on tM buitdi~s now or her~aft~i utwt~ oe~ sa~d lar+d and on all cq~ipment ~nd perwnslly covered by thii mort~
+p~. with dl premiu~a thacon pa~d in iull. fire in~urancs in the u~wl ttarclard policy fwm. i~ a ~um approved by the MOQfGAGEE. and windstwm
i~iw~nc~ in ~M uswi i~anda.d pot~cy (am, ie~ a sum approvrd by ~!w MORTGAGEE, in iuth company o~ compa~iei as Ihe MORTGAGEE may
dindJ u+d ~II fir~ ~nd w~ndarorm ins~~anc~ policiss on any of Hid b~itd~~s. ~ny int~rest Iherein or part thcreof, in ~he aggreya~e ium ~faesa~d w
in ~xceu thereof, sh~tl conuin tM vsual atandard monpa~~e clausa a avct~ other daus~ as th~ 1NortpaQes may ?equu~, mikinp ~hs lo~s unde~ sa~d poli~
c7ea, eacA u+d svery, payabk ro said MORTGAGEE a~ ~ts inlNMl rluy ~ppe~I, and e+ch and evay such pol~cy :hall be promptty ~ss.g~ed and delivered ~o
~~y Mld by sa7d MORTGAGEE as lurthe? sec~rity to said mortpaQe deb1, and, no~ lesa tMn te~ (10I days in advance of ~he expiration of each policy, to de-
livt~ ro said MORTGAGEE • renewal the~eof, wQetM? with a reteipt for the pr~mium oi such renewal; and tAere sha11 be no f~re or winds~or~n insu~ance
plx~d on any of ia~d build~ngi, +ny interest tF?aein w p~rt tl,ereof, unleu in tM iorm and with the loss payabk as aiwesaid; snd i~ tM event any ium
of mon~y b~cornes p~y~bJe wxla wch polity a policies said MORTGAGff shaU hsvs the opt~on to rece+ve and apply the ssme on accouM oi ~he indebted~
neu setu~~d hKeby o~ b permit s~id MORTGAGORS fo reteiv~ and us~ it p aoy part thercof fw othc~ purpoaes, wi~hout th:rc u~ waivi:ig or mipair•
iry any equiry, lien w right u~de? a by vinw of this morty~ge; and in th~ ~vent said MORTGAGnRS shall for a~y reason fait 1o keep the said premiscy so
~nsured, pt tail b dtliver promptly any of said policies of insurance to taid MORTGAGEE, or fail promptly to pay futly any premium therefpr pr i~ a~y
respect fail b pNfw~ dixharye, execute, effad, comptete, cort+ply with ~nd abide by this rnve~ant, a any part hereof, said MOFiGAGEE may place artd
PaY fe? such ir?suranc~ or any part the.eof withow waivinp a~ffec~inp any option, lPen. equity, w right under or by virtue of this Ma~gage. ~nd the
full amovnt of each and ev~ry wch paymeM shall be immediately dw and paY~We ~nd shall bea~ interest irom the date thereof u~til paid et the rate ol
n~ne per centum per annum ar.d toge~her with iuch inte.est shall be secured by the li~n of this ~mortgage.
1. To ptrmit, eommit w suffer ~o w~ste, GnpairmeM or deteriwatiw~ of said property o~ a~y part thc~eof.
5. To pay sll ~e~d sinpufar tM costs, charpes and expente~, includin~ a ~essonaWr atto~r?ey'a fee and costs of abstratts of title, incv?red or paid at
sny time by said lMORTGAGFE, because a in the event of Ihe fa~lure on the part oi tM said MORTGAGOR to duly, promptly and fu11y perto~m, d~xharge.
execvte, eftM, complcte, comply with a~d ab:de by each and every the stiputanons, agreements, conditio~s, ard covenants of iaid prom~sw?y noie and ~his
mw?~e any or eiiher, +nd sa~d cosb, chsrgq and expenaes, each and every, shall be immediatrly due and paysble; whether or not there be ~ot;ce d~
mand, atecmpf fo colktt ot suit pendingj and the full amouM of eath a~d e~e.y s~ch payrn~nl shall bea. intercsl from the dale thereof until p~id at tht
rate o~ ~ine pe. cenrum pe~ uuwm; artd all taid cosrs, char9es and expenses incurred or p~aid, together w~th such inro~est, shall be secured by the lien of thii
'r~orty~ge-
6. Tfat (s) in the event of any breach of this Matgsge ar defaul~ on t!r part of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly and fully paid within thirty (3p) days nexf after ~he same uver~lly become due and payable, without demand a notice,
or i~ tAe eveM each +nd every the stipulations, ~g~eements, conditions and covenants of sa~d promissory ~ote and th~s mwtgape any w either are nol
~uly, pomptly :nd fully performed, dixharged, executed, affected, completed, comptied with and abided '~y, the~ ia e~el~er or any such event the isid s¢
gregate wm mentioned in s~id promissory npte then rtmaining unpaid, with iMerest accrued, and all moneys setured hereby, shalt becwne due and pay-
abfe forthwith, w thereafter, at the option of said MORTGAGEE, as fully a~+d completely as if alI of ~he said sums of Runey were wiginally st~pulated
to be paid on such day, anything in said promiuory rwte o? in tha Mortgage to the contrary notwithstanding; and thereupon a thereafter at the op~ion of
sa~d MORTGAGEE, without notice w dem~nd, su~t at law o~ in equity, thaefwe w thereafter begun, may be praaecuted as if all moneys secured he~eby
had matured pnor to its im~etution.
7. That in the event ~hat at the beginninp of or a~ any timr pending any svit upon this Mortgegc, or ro iweclose it, or to refwm it, w to eniorce
payment of any claims Aerevnder, sa;d MpRTGAGEE shall apply to the Court having jurisdiction lhereof fw tF?e appoietmeat of a Receiver, such Courf shall
fwthwith appo~nt s receiver of said mor~gaged prp~yty a~~ and singvlu, includ~ng aIl and aingular fhe income, profits, iuues s~d revenves from whatever
•ource derived, each and every of whicFy it beitg expressly undcrstood, is I+ereby rt+ortgaged ai if spec~(ically sN torth and desuibed in the granting and
habendum clauses•hereof, and s~ch Receiver shall Mve all 1he broad and effealve funct~o~s and powers in anywise entrusted by a Court to a Receiver, and
wch appointrrKm shatl 6e rtude by such ~ourt as an admitted equity and a ma~ter of absolute r;gM to said MORTGAGEE, a~d without refe~ence to the
adequscy w inadequacy of the wlue of the p.operry mwtgaged or to the wnrency o? insolvency ot said MORTGAGOR or the deiendants, and tAat such
renu, profin, income, issues and revenves shall be applied b~ such Receiva accwding to the lien o~ equity of said MURiGAGEf and the practice of such
Court.
8. To duly, promptly ~nd fully perform, discharye, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenanq in sad promissory note and this mort~age set forth.
9. That in the event the ownership of the mwtga~ed promises, or any part thercof, becomes vesfed in a person othe? than the MORTGAGOR, the
MORTGAGEE, its succeuws ~nd suigro, may, w;thout notice to the MORTGAOR, deal with such successor ar successw in interest with reference to this
mo~tgage and the debt hereby secured in tl~e sune ma~ne~ u with Mortgagor without in any vyay vitiating or discharging the Mdrtgagors' iiability hcre-
under or ~ppn the debt hereby secured. No ssle of the premius hereby mortga9ed and no fwbearance on the "part of the MORTGAGEE w its successws
o~ sssigns and no extension of tF+e time fw the psyme~t of the deb~ hereby secured yivm by the MORTGAGE~ or its successors or au~gns, shall operate
~o releasq d~xharge, mudify change or affect the origir?al liability of the MORTGAGOR herein, either io whole or in par~.
/
i0. It is specifically agreed that time is of the essertce of thes contract and thst no waiver of any obligation hereurKkr w of the oblgatan se-
cured hereby shall at any time thereafter be held to be s waiver of the te~ms hereo4 or of the ins~rumem secured heruy.
11. In add;s;a~ to the forego:r~g monthly paymenfs of print~pal aod inrerest required by tht promissoty no~e secured hereby, mortgagor covenants
and agrees to pay to mortgsgee vvith each monthly payment an add~rional sum esrimated by mortgagee to be eqval to 1 j)2 of the annual cost of the follow-
ing:
A-Ali real properry taxes levied a assessed against the above described reat esNte.
B-Prem~ums on fire and windstorm insurance as herein requ;red to be carried on the improveme:+ts sitvate on the sbove dexribed premises,
C-Premiums on such mortgage gw?anty insurance as mortgagee stu{I from time to time deern fit to carry on the )oan secured hereby.
Mortgagee shatl from time to time notify mortgagor ;n writing of the amouM due and payabk hereunder snd such sum shall thereupon be due and
Fayable on the due date of the ne:t monthly payment and each successive month thereafter urtil mortgsg~e sha11 notify mortgagor of a change in such
amo~nt. Such sums shail be applied by mortgagee toward the payment of real prpperty f~jces, insurance prem:~ms, and mwtgage guaranty insura~te
Df~fTi~/(~_
IN WITNESS WHEREOF, ihe said MORTGAGOR has hereunto set his hand and seal the day and yesr first afwesaid_
y $igoe Sealad n delivered 'o the prda+te of: p~60~ f~'
tTLIEtpICiE COUIi~ 4v ~
«-x~ ROCER POITRA= ~n
' CIERK CIRCUIT C T
RfCORO YERIFIED r~~
r~ q
STATE Of FLORIDA IO O
~o~,,,~-~ sr. Lvcis ~ ~ 2C 0426 ~ .
defore me person~lly spp~ired ThCi8s M• COX
j.0ltlse S. COX his wife, ro me well known +nd krawn to me to be
the individwls dpcr;bed i~ snd ,who t:ectrted the fwe~oirg instrvment. ~nd ~dcnowl~ed befwe me that they executed the same for the purposes
therea~ expressed. Md the said- _ L.Otl ~ S! COX
wife of the said Th0#~i M• COX ~pon • separate snd privat~
ex~eninat~oe~ by rrro taken separste and aput from f~er faid husba~d, adcnowiedged b~nd before rt~ that :he e:ecuted said instrument freely and volurr
rarily and withoul any compulsio~, constrsi~t, appr~F~ens;o~~r fear of w from her taid husband.
WITNESS my hand snd official seal tfii. r7G da of Ob~
y A. D. 19 70
Not+ry Publ' and iw th~
ute of fbrida ~t lsr
Retum To; . MY Canrn" ~~cpires: JSf~C+j. li~ /Q'7~
First feder~i Sarirgs i loan Auociation ' s?ic, Stnte Ot Flar~da at Wrqe
of Fa~ P,~,«. :.~;'c= ~ fx es . 6. 1971
Fwt Vierte. florida • :rlr~~~~`:1~~• ' ~~`~ir~~i _
~ . =y~ . . 7~
Q. t~~: ~
~ . lv '
' Q~~ ~ J, :
This tnstrument Preparcd 6y Jotu~ W. Co11iAS ='~'s=" 1~'+• '
First Federal Savings d~ loan Association , ~ : o~'-. ~
• of Fort Pierce ~ RlOrida • •.~~0.' 'f!~#~• s
~ V ~ ~~~•i , t
[!O~ • ~ 1`-_ s
Checked By ~ • ~ ~•=',,~~~s~1NN1tp~~,,,*'R", ~ !
~
~ • , ~~T'' ii..A . ' _
~ 600K 1~$ PAGf s -
~
~ ~ ~ , ~ _ . - - _