Loading...
HomeMy WebLinkAbout0553 To piac~ a~d contin~ou~ly kNp on tM buildinys now a ha~ait~r ?itu+t~ on said land ~nd on all equipmen~ ard p~rwn~lly cov~r~d by Mis matq~ p~, with ~It pr~mivms thenon pa~d in (ull, fire iniuranc~ ~o tM uiual i~sndud polKy fam, ie~ a ium apwoved by ths MORTGAGEE, and wind~tam inswu~c~ in tM uswl ~~andard pol~cy fam. in a wm approv~d by iM MORTGAGEE. i~ ~uch company o~ comp+nies as ~fu MORIGAGEE may d~r~c~i and ~II (ir~ and wMdstorm insuranc~ poliues on •ny o( said build,nps, any irot~~st Ihaein or part the~eof, in ~he appreyats sum ~ta~uid or In ~xcNS lhcreof, sMll contain tM uwal itandsrd mat~aqea clauit w such othH claus~ tM Malya9a~ may ~equ~». ma~in~ Ih~ lou unde~ ~a~d po~i~ ci~~, e~ch and ~very, payabl~ ro iaid MORTGAGEE ~s its in~eresl may +pp~a~. +nd e+ch +nd ~very svch pot~cy ~hall be promp~~Y +ss yned snd delivered ~o any held by sa~d MORTGAGEE ai Iwther security to s~id matp~9~ d~bt, and, no1 less tiun te~ (10) dayi in adv~nc~ of the expiration of each policy, to da IivN to Nid MORTGAGEE a renewal thereof, tope~Mr with ~ receipt fo? the premium of sucl~ renewal; and ~here ~hall be no fi~e a wi~di~orm iniura~ce pl~ttd on ~ny of t~id buildinps, any i~terest tMr~in w p~rt thereof, unleu in the form and wilh 1M loss paYable a alwesaidj and in th~ event •ny sum of mon~y becanes p+y+ble under such polity a policiss said MORTGAGEE ~hall haw the optio~ to receive and epply the same on eccou~~ of the indebted- ness tet~red heraby w ro permit said MORTGAGORS fo receir~ snd uM it o~ any part thereol lor othc~ purposrs, wi~hout th_.~ u/ waivi~~3 w ~mpai~- in~ any equiry, lien a righ~ u~der a by virtw of this mo:t~aye; and in tFa event ~a~d MORTGAGORS ~ha~~ fa ~ny reason fail to keep ~he sa~d premises w ;n~ured, p fail to deliver promptly any of said po~Kies of insura~ue to uid MORTGAGEE, w(ail promptly to pay fully any p.e~n~um therefot or in any roipect fail b pa~wn+, discMrge, execute, effect, complete, comply with a~d abid~ by this tovenant, w any part hereof, said MORTGAGEE msy p~+te +~d pay fw such inwruxe w any put thereof witho~rt w~ivinp ot ~ffsctinp any optio~, lien. cquity, or r~ghf under or by virtue of Ihis Mo+tga9e, ~nd tAe full amouM of each and ewry such payment shall be immediately due a~d p~yable and shall bear interest from the dats thereof until paid al the rat~ ol nine pa centum pa annum and to~ether with such interesl sh~li be secured by the lien of thif mortgaga 1, To psrmit, commit or suffer no waste, impairment or dete~ioration of said property o~ ~nY P+rt tF?Neof. ~ ~ S. To pay sll and singula? the cosri, cM~es and expenses, 3ncluding a reasonable attwney's fee and coets of .abstrads of title, inc~rred w paid at any time by said MORTGAGEE, because w in the event of the failure on the parl of the said MORTGAGOR to duly, promptly a~d fully per(wm, d~scharge. eaecute, effect, complete, canp~y wi+h and ab:de by each •nd every the stipulatwns, agreements, condi~ions. and covcnants oi said promissory note and ihi~ mo?tga9e any a eitha, and said costs, charges and expenses, each end every, iMll be immediately due and payable; whethea or not there be notice de mand, attempt to co~lett d suit pending; and the full arnount of eath and every s~th paymenl shall bear interest Irom Ihe date thereof vntil paid +1 the rare of nine per centum pet annum; and all said costs, charges and expenxs incurred a paid, together w~th tuch intere~t, shall be secured by the lien of 1hw mortpape. b, That (a) in the event of any breach of this Mwtgape or default on the psrt of tFrc MORTGAGOR, w(b) in the event any of sa:d s~ms of money hcrein referred ~o be not promptly snd fully paid within thirty (30) days r?ex~ after the same severally. becane due and payabte, without demand w notice, or in the event each and every the stipulations, agreements, cond~tions and covenants of sa~d p+omiuory ~ote and th~s mortgege any or eilher are not iuly, promptly and fully performed. d~scharged. executed. effected, completcd, compl~ed with ~nd abided Sy, then in ei~her w any such eveM Ihs said a¢ gregste sum mentaned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and p+y- able fathwith, w thereafte~, at the option of said MORTGAGEE, as fully and completely as if all of the u~d sums of money were orginally s~~puta~ed ro be pa~d oo such day, anything in sald promiuory note or in this Mortyage to the contrary nolwithstanding; and thereupon w thereafte? at the option of said MORT6AGEE, without nofice w demand, suit at I~w or in equity, therdote w thereaftN begun, may be proscculed as if sll mor?e~rs setvred hereby Rad matured pnor to iri institution. 7. That in the event that et the beginr~ing of w st any time pending any wit upon this Mortgsge, o~ ro fweclose if, or to reform it, w ro enforce ;>ayment of any claims heteunder, said MORiGAGEE shell apply to the Courf hsving jurisdKtan thereof fo? the appointmem of • Receiver, such Cou~f shall for~hwith appoint a rece~ver of ssid mwtgaged property all ~nd singular, includ~ng all and singular tF~e income, proiits, issues and revenues from yvhatever wurce detived, each and every of whKh, it beiny express~y understood, is F+ereby mortgaged as if specifically set forth and described in the ~.aroirg and habendum clauxs hereoS, and such Receiver sha~l have all 1he broad +nd effective funa~ons and powers in anywiu enuusted by s Court to a Receiver, and such sppoinement shall be made by such Court as an admitted equity and a matter of absolute rigM ro said MORTGAGEE, and withovt reference to ths adequxy w inadequacy of the wlue of the prope~ty mortg+gsd or to the solvency w insolvency oi said MORTGAGOR or the defendants, and that auch renrs, p~ofits, itxornt, issues and revenues shall bs._ applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practite of suth Courf. - . B. To duly, {xomptly and fully perform, duharge, exccute, effect, complete, comply with and abide by each and every the stipulations, agreemenb, conditions and covenants ~n said promissory note and ~his mortgage aet fwth. 9. Tha~ in the event the owncrship of the mwtgaged prcmises, or any ps?t thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, its wccessors and suigns, m~y, without notice to tf~e MORTGAOR, deal with such successw or iuccessor in' interest with refereoce ro this mortgage a~d ihe deb~ heieby secured in the ume manner as with Mortgagw without in ~~y way vitiatirg w d~xharging the Mortgagors' liabiliq hera under or upon the debt hereby secured_ No ssle of the. premixs hereby mortgaged end no (orbeara~ce on the part of the /NORTGAGEE w its successon o. ass~gns and no exte~slon of the time for the payment of the dcbt hereby secured given by the MORTGAGEf or its succtsson or auigns, sfiall operate to rdease, discharge, r»odify change o~ sffect the uiginal liability of the MORTGAGOR herein, either in whole or in p+rt. 10. It is spec~fically agreed thaf time is of the euerxe of tha contract snd that no wsivet of ~ny obligation hereunder oc of the obfigsYan sr cured hereby shall at any time tl~ereafter be heM to be a waiver of the terms hcreof p of tht instrurt+ent secured herby. 11_ In add~tio:+ to the forego:ng rswnthly payments of prin~pal and interest required by the promissory note secvred hereby, mortgagor covenants and agrees to pay to mo:tgagee vwith each monthly payment a~ addi~ional sum estimated by mortgagee to be eqwl to 1/12 of the annual cost of the foltow- ing: A-All real property taaes (evied or assessed against the above destribed real estate. B-Premiums ot~ fire and windstorm iruurance as herein requ~red to be carried on the imptoveme.~tf situate on the above described premises. C-Premiums on such mortgage gwranty insurante as mortgagee shall irom tirtx to time deem fit to carry on the loan setured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amouM due a~d payable hereunder and such sum shal! thereupon be due and ~ Fayable on the due date of the next monthly payment and exh succasive month tFKreafter ur.til mortgagee shall notify mortgagor of a change in such ! a~-+ouM. Such sums sFa!1 be aoplied by mortgsgee toward the payment of real property taxes, irnurance pran.wns, and mortgage guaranty insurance , premiums. . ` tN WITNESS W REOF the id NIORTGAGOR has lxreunto xt his hand and sea! the day and u first sfwesaid. Sig~ed, Sesl in of: ~ _ . a~ A• KOI'I'~3 a0 ~ • DOZOI'@S KO1T~8 STATE OF fIORIDA ~ $tr • L11C ~@ ~ COUNTY OF 8efae me personally ~ppeared ~~i8AI A. KOIT~3 ~~d ]b102~88 HOI'2'~8 his wife, to me well known and known ~o me to be the indiridwts desvibed in ~nd wFw executed the faegoinp instrument, and ackriowledged befwe me thaf ~ t~Y : S. e~ • i1y~.~nN~ •i~.1h~ Pu?Poses rherein expressed. And the sa' m10I'@8 KOIT~3 .,.,"~~NINH~~~~ ` f j - wsfe of th~ said ~ ' ' Pnvat~ e,am~natan by me taken sepa~ate ard apart from her said husband, ackrwwledged to and before me that shs e~ rar~ly and w~thout any compulsion, consnaint, apprehension, or feu of or from her ssid husbarul. _ ~~~.1~ WITNESS my h~nd ~nd official seal this day of e~~r ~ O~ I?~'• .~r+-~-= , ' i ~ ~ • ~ iNotary Public in ~nd i0{. r My Commission ~xpir~ . : Return To: ` ~ ~ Fint federal Saving! Loan Association ~G~ ~ ZS. ~n of Fo.~ r.e~ce. F LEO ANO REC~ N.lw+~w'?~: i~ti.'~.'~r ew ~ Fort Piace, Fbrida S~• L~i~~ rr~~I T~~, ' CLERRCCIRC~UIT~C0:a11T y - a ~ ~ ~ REC01ro vER~fiEO~,..~~ i This Instrument Prepared By J. D. Ch~i~ ~O 19 ~Y First Federal Savings 6~ loan Association Ati of Fort Pierce ~ g1orida ~ Checked By 2C'0811 0 R BOOK F _ ~ - ~F~,: ' - ~'~v~~.C~'~'° - 't ' .a, ~ . ~/_a - 5 '.aS-'^ ' _ _ _ . _ .