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HomeMy WebLinkAbout1680 , ; i + t . v 3. To plac~ a~d contin~sly kNp on th~ bvildi~~ps now a Mr~ahN ~it~at~ o~ wid laod ~od on ~II. puipm~m u+d pwwnally covN~d by thii morf~ ap~, with dl pr~mivms therwn paid in full, fin Guvranc~ in tM wwl tandMd policy form. h a sum approwd by IM MORfGAGEE, and w~ndttwm Muwanc~ in tM uswl p~ndard policy fwrt~, in • wm approvsd by tM MORTGAGEE, in wch company o~ comp~~ros u ~M MORiGAGEE may dinctr ~nd all (in and wirKbarm insur~oa policas on u?y of 3~1d b11iW~~~. N1Y k1fN~f~ fFNffkl Of pilf fMt~Of, Ilf IM aQQ~l9~~f NN11 ~fOffNid Of h? ~xc~ss ~Mrwf. ~A+11 contain ~M vwal atandad mort~~e cl~ua a s~cF~ o~ha slaus~ a tl+~ M«~ya~N may rpvu~. maAinp ~M bs~ unda ~aid po1F ciN, each and ~vNy. payabl~ w ~aW INORTGAGEE as its interes~ may ~pp~+r. s~d Nch w+d ewry svch policy ~hall b~ promptly ~u.9ned ~+d delivered to ~ny Mld by said MORTGAGEE as fur~hN ~scurity to s~id mortpsp~ d~bt, ~nd. not IKS tha~ ten (10) days i~ adva~n of tF» expir~tion of each policy, to d~ IivM to said MORTGAGEE • rentw~l tMrwf, top~thu wirh a ~et~ipt fa tM pr~mwm of avch reMw~l; and ths~~ shall b~ no f~n w windstam inwr~~c~ pl~ad on ~ny of said buildin9s, any interpt thsr~i~ w part tMreo~, ~nl~u in tM fwm and with the lo~s p+yabk as afo~ss~idi and in ttw ~v~nt any swn of mw~y becom~s payabl~ w+~ wch polky a pol~ciss s+id MORTGAGEE shall Mw the op~ion ~o raceiw and ~pply the sam~ on +ccoun~ o( the ind~bted~ nys sKVtld IN«by a b pttmit faid MORTCsAGORS lo rKeiv~ ~nd uN it O? ~~y put tMreof fot othcr purposei, wi~hout th:reb/ waivi~~g a~mpair- irg anY eq~rity. li~n ar rght under or by virtw of this mortya9es ~nd in tM twnt ~aid MORTGAGORS shall fa any reawn fail fo ketp ~M wid premises w insvred, a iail b d~livK promptly a+~y of said polici~t of inswanc~ to said MORTGAGEE, u f~il prorr.ptly to pay fully any premium there~w w ln ~r?y .~ipect fail w pKfonn, discha.y~, ~xecutt. ~ff~tt, complel~, comply with ~nd ~bid~ by this cownan~, a any part haeof, said MORiGAGEE may ptac~ and paY fa s~ch i~swar~ w ~ny put thereof without w+lvinp o~ ~ffecti~p ~ny opYan, li~n, puity, o~ ~ight under a by virtw of this Mor~ysp~. ~nd tM full a~no~nt of each and evKy wch paymaet ihali be immediately dw ~nd p~yabl~ aod sMll beu interest from 1M date ther~of un~il paid ~t tF~ ut~ of nins pe~ cMtum p~? snnum s++d ~opather with wth interest ~hall be sacu~ed by tM lien of this mo?t9ay~. 4. To p~mit, canndt or wffa no w~st~. Mnpairment or deterior~tion oi said prope~ty or +ny p+rt tF~ereof. S. To p~y all and sinpvla? tM cost~„ chwpes and s~epaws, includiep a reasonable atta?Ky ~ fee ~nd costi of sb~tracts of title, incwr~d or p+id a1 any time by s~id MORTGAGEE, batauu a in th~ ~veM of tM f~clw~ on ti+~ pirt of ~h~ iaid /AORTGAGOR ro duly, promptly ~nd fully pxfo?m, d~scM~gt ~xecvte, effsd, compkte, tomply w~th and abide by each and every the stipulatiau, presments, caxlition~ ~nd oovenann o( said promiuay note ind this mortpape any or e+ther. ~nd said costs, chs~yes and expenses, each and eve~y, shall be immediarely due ai+d payabk: whether a ~ot ths+~ be naKe d~ mand, attempt ro colkct a suit peod~nyr +~d tM full ~rtavnt of aach ~nd every wch p~yment sAall bear interest from the date thereof until p~id at the .ate of nine ptr centum pe~ arnwm; ~nd sll said costs, tMr~es and expenses incvrred a paid, topeth~r with such interett, sMll b~ stcured bp ehe lise~ of thii mwt9+~• . 6. ih~t (a) in the eve~t of any breach of thh Mortyape w defwlt a+ th~ pa?t of the MORTGAGOR, w(b) in tl+~ event a~?y of said wms of money harein referred to be ~ot promptly and fully paid wiehin thirry (30) days nex~ afrer the same severaUy b~cane due and payable, withow dem~nd w notice. w W in tl» eve+~t each snd every tl+e stiputateora, agreem~nts, conditions and covMants of sa~d promiuory oote sr+d th~s mor~yaps a~y a eithe~ ar~ no1 ivty, pranptly and~fully performed. disch~~9ed, executed, ~ffccted, cnnpl~nd, complad with ~nd abided by, then in either or any s~ch evM1 th~ taid +g gregaM sum mentioned in s~id promiuwy ~ot~ then ~~mainirq unpaid. with interesf acuved, and all moneyi secvred hereby. ~h+tl become dut and pay~ able fq~thwith, Of 1I1QfNfiN. at the option of s~id MORiGACsEE, ~s fully snd tomplNely as ii sll of the said wms of money wcre orginally stipulated to be pa~d on. suth dsy, anything in said promissory noM ot in this Mort~a~e to the contr~ry notwithstinding; and there~pot? w thereafte~ st the op~ion of sa;d MORTGAGEE, witho~rt notice a demand, suit st law or i~ puity~ tI1ltl~Oft Of tAlfNftH bry~n, may be prosecvted u if all mw~sy~ secwsd hareby had matured prwr to in i~ntitution. 7. TMt in ths event that at the beginni~g of a at any time pendiog any wit upoe+ this Mortgape, or ~o fweclose it, or to refwm H, w to enfora payment of any daims he+eu~der, said MORTGAGEE iMll apply ro the Court I+~viny jurisdidion the~eof fa the appointment of ~ Receiver, fvch CouM shsl! Fwthwirh sppoint s receiver of said mort~aged p?operty all ~nd :ingulu, iaclvd~~g all and siogulsr the income. profib, issues ~nd ~erenues from wharover source derived. ead? and every of whKh, it beirg expressly undars~ood. a hereby mwtgaged ss if ipec~fically set (wth snd desaibed in the ~r~ntirq and habendum c~auses hereof, artd such Receiver shall FNVe all the bro+d and effective functions and poweri in anywise entrusted by s Co~rt ro a Reccive~, and :uch appantment shall be made by suck Court ss an ~dmitted equity and a matter of absolute riyM to said MORTGAGEE, ~+d without nference ro tM adequacy a inadequacy of ths wtue of the prope~ty rtartgayed o~ to the sotvency a insolvency of s~~d MORTGAGOR or the defendants, u?d that such rents, profits. incane, iu~es and revenws sh+ll be applied by such Receiver accordin9 to ths lien or equity of said MORTGAGEE and the practiu of such Court. 8. To duy, promptly and fully psrform, dsch~?ye, ex~cute, ~ffect, compkte, comply with and abide by esd~ and every iM stipuiatio%, ayrc~ements, conditions and coven~nn in said promissory ~ote snd tha mortpsge set forth. 9. Thaf in rhe event rhe ownenhip of rhe nw.rga~ed premises, o. aeryr ps~t thereof, becomes vested in a person other th~n the MORTGAGOR, rh~ MORTGAGEE, its wccesson and auiy~s, rMy, without notice to the MORTGAOR, dea! with such wcceua or svccessor in imerest with refe.ence ro rha mortpsge ~nd the debl hereby secwed in the same manner as wiih Mwtgaga without in a~y way vitiatirg a discharging tht Mwtgagors' liability hera under w ~pon the debt hereby xcvred. No sate of the premises hereby mortgs9ed and no forbearance on the paA of the MORTGAGEE w its successws w auigns snd ra exrension of the time fa the paymm+t of the dcbt hereby secured 9iven by the MORTGAGEf or in successws or usigru, shall operat~ to release, discFN?~e, modify change a sffect the uginal liab~lity of tFK MORTGAGOR here'~n, either in wF?ole or in put. 10. It h specifically ~greed that time is of the esser+ce of this contr~c: and th~t no wsiver of any obligat~on herevreder or of the obl'gation se- cvred hereby sMll st any time thereafter be held to be a waiva of the te~ms hereof a of the instrument secured herby. 11. In additio:? to the forego:~g monthly payments of princ'pal and interost required by ths promissory note secured hereby, mortgagor tovenanh and agrees to pay to mortgsgee with each monthly psyment an add~tional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- . . A-All rcal property taxes kvied w suessed against the above described real estate. B-Prem~ums on fire and windstwm insurance as herein requ~red to be carried on the improvements situate on tF+e above desvibed premises. ' C-Premiums on wch mwtgage guaranty insvrar~ce as mortgagee shall from t~me to time deem fit to catry a+ the loan secured hereby. I~ Mortgsgce shail from time to time notify mo?tgagor in writing of the amoum due and payabte hereunder and suth wm shall there~?pon be d~e snd f payable on the due date of the rxxt monthly_ payment and exh sutcessivs montk? thereafter ur.til mortgagee shall ootify mortgagor of a thange in suth ~ amow~t. Sucfi wms sh.all be applied by mortgagce towa~d tF+e payment of real property taxes, inwnnce prem:ums, and mortgsge guaranty inwrance Wem'wrtu- ~ IN WI7NES5 REOF, the id MORTGAGOR has hereunto set hii hand ~nd seal the da yeu t aforesaid. ' Sea in bsenc~ of: / 1 ~ 6~ ~ ~ - ' o . ~ / ~ FranCes H. O~Guin - ~ • ~ - f;.~`.~_` ` : : STATE Of FLORIDA ~ 'i - St. Lucie ~ ;Q`~ = - courrn oF ~ i ~ s.r«.r~ ~~.iy~ ~,..d John A. 0 ~Guin j . - . . . - + 1TSTlC@8 . 0~i 1~tI his wiie, to me well .bQ~- Y' rhe ie~vidwb desaib~d in and who executed the for i~r?strument, and ~cknowledped befon m~ that they ~xecvt~d ~ ?he..in .xp.,sed. Md N» W F2'8I1Ces ~~"'Do au~Il • n JOhn A. O~Guin • . ~ .j~.r+?'~.i. examinatio~ by me qken ~epuaN and apan from her asid Fwsband, adcnovvledped b and btfor~ m~ that sh~ ~xecut~d said r~~~, t and volw~- , rarilr and witho~?t anp compulsion, conitraint, appreFw+u' ~ f~x of w from her said Fwsband. '.<s. ~ YVITNESS my h~nd and officid ~eal u~ d,,, ~ Navember ~ ~ ~v T0 ~ Not~ry it In and ior tM S~ab of Flwida at L~rp~ Mr iwan t:pira: R~tum Ta. f"a~t F~da~l Savirps t toan Aswcutan MOTARY r68LtQ STATE ~~4~ Of Fort P~arce. ~YiY COMMISSION EXP~RES ~~~T~tNOw~ .unOED t~~RO~IGM IRtO Fort ~ierc~, Florid~ t~ c~+~ ~ . This Insfrument Prepared By J• D• Chast$in ~v~~~~ Fi~st Federal Ssvings d~ Loan Association QE of Fort Pieruy Flol'id8 ~ t, , ,p ~ Checked By L'i~~___.__ ~o~~~ ~is'l7 2~15~~ . _ „ ~ ~ , ~ ~ _ - _ _ ~ ~~~g,~ - - _ -