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HomeMy WebLinkAbout0555 ~ 9. To pl~c~ and continvously k~ep on th~ b~ildinys now a M«a(tN s~tuate on isid land and on all equipment ~nd p~non~~ly covered by ~his mor~~. ag~, wilh ~tl pr~miumf thereon pa~d in iull. tire i~surance in Ihe usual s~ar+dard polity (orm, i~ a sum ~pproved by the MORIGAGEE, and windstam intwanc~ in t!w viwl standa.d pol:ty fam, in • sum ~pproved by tlw MORTG/?GEE, in wch company or companies as the MORiGAGEE may dirtctt ~nd all fir~ ~nd w~ndiarm insu~ance poliues on ~ny of ~id buiWln~s, ~ny iMe~tst therein w par? Ihereof, i~ ~M a99repa~~ ium atweiaid o~ in ~xt~ss Ihereof, sMtl conrain ths uswl sN~+dard mortgap~e clauts or ~uch o~her cl~us~ a tM Mortpape~ may requ~r~, makinp ~h~ ?ou unde~ sa~d po1F c~es, each and way. paYabi~ ro s~id MORTGAGEE ~i ip inleres~ maY +pp~ar, and eac6 u+d wery iuc6 policy ~h~l) be p~omptly ~u.pncd ~nd deu~ered ~o +ny heW by said MORiGAGEE ss fur~F?tr iecvrity ~o iaid mwt9a~ debt, s~d, ~01 t~ss th~n ten (10) d~yt in adwnce of the expi.ation of exh polity, to ds~ live~ to said MORTGAGEE • renewal 1her~of, toqether with •~eteipt fo~ the prNnium of s~ch ~eoewal; and ~here shal! be no f~re or windsiorm insuranc~ p~ated on any of said buildings, ~ny interest thtrsin o~ part thereof, unless in the iam and with IM lou paysble u atoresaid; end in the evenl a~y ium of money pecumes payable undar such policy w policis~ said MORTGAGEE shall Maw ~he op~ion to receive and ~pply the same on accoum oi the indebted~ ~eu secured Mreby pr tp pamit said MpRTGAGORS fo receive u+d use it a ioy parl thereof Iw othe~ purposes. .vl~houf th~r~br wai~i~,g o. m~pa;r- inq any equity, lien w right unda or by virtw of this mo:sgaye; ~nd in the event sa~d MORTGAGORS ihall fw any ~eaio~.lail ro keep the sa;d premises so ensured, or fail ro deliver promp~ly ~ny of said policies of insurance to iaid MORTGAGEE, w fail prompfly to pay fully a~y premivm therefa or in a~y respect fail to pe~(wm, discharge, execute, effect, complete, comply with snd ibids by this cove~ant, w ~ny part hereof, said MORTGAGEE may place and paY (w such Insure~ce or any part thereof withqtt waiving or affectinp ~ny option, lie~, equ~ty, w ri9ht under a by virtue of ~his Matgage. and 1M full amouM of each and every s~ch payment shall be immediately dve and payable ar+d shatl bear interest from the date thereof until paid at the rate ol ni~e per ce~tum per annum and to~ether with such inte~esr shstl be secured by fhe lien of tAis mortgage. 1. To permif, tommit a suifer ~o wsste, impairment p deteaioration of said property or ~ny parl thereof. S. To pay all aed singular the cos», charges and expenses, i~cludirg a reasanable attwney s fee and costs of abstracts of ti~ls, incurred or paid a~ any time by said MORTGAGfE, betause ot in the event of the failure an the part of the said MORTGAGOR to duly, promptly and fully periwm, diuharge, execute, effect, complete, comply with and abide by each and every the stipvlat~ons, agreements, condifions, snd mvenants of said prom~swry nor4 and this mortgaye any or either. and uid costs, charges and ~xpens~s, each and ev~ry, shall be immediately due ar+d payable: whe~her or not ~here be no~~ce dr mand, attemp~ ta collett p suit pendinp; ~nd the full amount of eath and every such payment shail bea~ ;nterest from the date thereot vntil paid at the rate of nine per centum per aonum; and all said costs, charges and eapeoses incurred or paid, togNher with such ieteres?, shall be secured by the Gen of thi~ mwtysg~. b. That (s) in the evenl of'any breach of this Mortgsg~ o~ default on the parf of the MORTGAGOR, or (b) in the event any of sa~d sums of mo~ey he~ein refe~red ro be not prompfly and fully paid within fhirty (30) days oexl after the same uverally become due snd payable, wilhou~ demand a notice, or in the event each and every the stipulatiau, ag~eeme~ts, tondiYans and tove~ants of sa~d promi:sory note and th~s mortgage any a either are no1 ~uly. promptly and fully perfwmed. d+scharged, execvted, effected, tompleted, compl~ed with and abided by, the~ in e~tFrcr or any s~ch event the said ag- gregste sum mcmioned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pa~;- able fwthwith, or thereafter, at 1he option of said MORTGAGEE, as fully and campletely as if all of the said sums of money wtre wginally sGpulated to be pa~d on such day, anything in said promiuory note w in this Mortgage to the contrary notwiths~anding; and thereupon o~ thereafter at the op~~on of said MORTGAGEE, without notice a demand, suit at law or in eq~ity, therefore or thereafter begun, may be p~osecvted as if all moneys secv~ed he+eby had maWred pr~ot to its institution. 7. That in the event that at the beginning of w st any time pending ~ny svit upon tF~is Mortgsge, o~ to fweclox it, or to reform it, or to enforc~ payment of any tlaims hereu~der, said MORTGAGEE shall apply to the Court having j~risdKtion thereof for tF~e appo~ntment of ~ Reccivev, such Coun shall Forthwith appoim a receiver of said mortgaged property all and singutsr, intludng all and singular the i+xome, profits, iuues and revenues from whatever wurce derived, each and every of whith, it being expreuly ~nderstood, ia hereby mortgaged as if spet~fitally set forth and described in the granting and habendum clauses hereof, and such Receiver shall hsve all the broad snd effective funct~oin and powers in anywise entrusted by a Court ro a Receiver, and :uch appointment shall be made by such Court as ~n admitted eq~ity and a matter of absolute r'ght fo said MORTGAGEE, u+d without reference to fhe adequaty w inadequaty of the value of the property mortgaged or to the solventy or insolve~cy of said MORTGAGOR w the dcfendants, and that such renrs, profits, i~come, iu~es and revenues shall ba applied by such Receiver accord'+ng to fhe licn w eqvity of said MORTGAGEE and the practice of such Courf. 8. To dvly, promptly and fully perform, d'~scharge, execute, effect, complete, comply with and abide by each and eve?y the stip~rlations, sgreements, conditions and covena~ts in said promissory note and this mortgsge set forth_ 9. That in the event the o~vnenhip of the mortgeged premises, or any part the?eof, becomcs vested in a penon other than the MORTGAGOR, ths MORTGAGEE, its succesaors and assigns, may, wifFw~rt not;ce ~o the MORTGAOR, desl with such succeuor or successor in intere:t with refercnce to this mortgage and the debt hereby secured in the same me~~er as with Mortgsgo? without in iny way vitiating or dixharging the Mortgagors' liability he?e- under or upon the debt hereby secured. No ssle of the Fremises hereby mortgagcd a~d ra forbearance o~ the pan of tF+e MORTGAGEE w its successwa o. assgns and no extension of the time for the paymem of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, a1~ai1 operate ro release, discharge, rtwdify change or affett the originsl liability o6 the MORTGAGOR hereiry either in whok or in part. 10. It is speceficapy agreed tFiat time is of the esxnce of this contran and that ra waiver of any obligation hereundcr or of the obligation se- cured hereby shall a~ any time thereafter be held to be a waiver of the tums hereof or of the instrumeM secured herby. 11_ In add~tion to the fwego'ng monthty payments of princ pal and interes~ required by the promiuory note secured hereby, mortgagor covenants and a~rees to pay to mortgagee with each monthly payment an addiiional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ing: A-AII real property taxes levied w assessed against the above described real estate. B-Premiums on fire and windsrorm insurance as herein requ;red to be carried on the improvements sitvate on t~e above described premises_ C-Premiums o~ such mortgage guaianty insu?ar,re as mortgager shall from t~me to time deem fit to csrry en the ~oan secured hereby. Mwtgagee shall from time to time notify mortgagor in wrifing of the amount due and payable hereund¢r and such sum shall ther¢uppn be due and Fayable on the due date of the next monthly paymenr and each successive mo~th thereafter urtil mwtgagee shall not~fy mortgagw of a change in such arnount. Such swns sF.ail be appteed by mwtgagee foward lhe payment of rea) property taxes, insurance prcm:vms, a~xl mortgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seaf tlx day and year first aforesaid. `1~~~oed. Sealed and elivered i~ the p~esence ofe •n ~ ~ ' ~ . ~ n STATE OF FLOitIDA ~ COUNTY OF St'i• LUC~B C`~~, Before me perso~aliy a a.~ ~u~ F• son and Bonit.a G. S son hia vife Aavard 1~? gamsp{~pn ~-~~i Helen D. Sampson, h s xife; and F~erson (3. Sampson and Iris T w ~ w~~ Y1e ~e,~ w~,~,n m~ ro b. rhe individwls described in and who exetuted the foreyoirg instrument, and adcnow{ecl~ed before me that tMy ex~ytled:~.q~jp~',t~lt the p~rposes , ex nita G. on ~rif'e of Niilisa F. S an ar~d~~ , e of ~ w~°~~ ~son; a s. son, e o rson . a~p~o~ ~ - ~ ---~1----~.~., ~0 ~'i; fwd pirv~M examin~tion by me takM Kparsta and apart from~c~aid ~n~ ~rq~,~~~ ~ i~ ~efas me that~c~t~ # rarity u?d w~tFaut any compulsio~, constraint, appreheruion. or feu of or from~leL~taid husb~nd'j .~f+ Q .'~rr { WITNEU my h~nd and offKial seal this day oi ~~~~T ' r- ~=~'d~; 70 . . t : Nobry Public in.ar~'~A , ` - My Cw~unisfion ~up'x~lS y . ' - Ret~rn To: ~ - First Feder~) Savings 6 Loan /luociation , ~A~, ~ { ~Y~• 1 !a Of Fort P~erce. LE~ ~N~ ~t 4~ ~ ~ ~a ~~r C~ ~ Fon Pierce, Ftwida UG~E COU Tr ~ ~ioa~a ro~~iu QILRK CIR . IT ~ ~ UECOIlO vtR1~Q 7his Instrument P?epared $y J. D. Chsst8itl l~ First Federal Savings b Loan Association of Fort Pierce ~ F1o1'id8 ~ Checked By ~481r~ , ~o~ ~.8$ 554 , pa } . v ~ ~ . . _ ' 3 ~~~~'r~- r '~'Y"`~„~~~~ts~'~ : ,y,. ^-'k'~~ v"-~~.ca'~','a. .