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HomeMy WebLinkAbout0130 J. To plac~ and canti~uovsly ks~p on ~F+e build~nys now w MrsaftN wtua~~ on s~~d la~d ~nd on sit equipment •nd F.ersonslly co+ercd by thi~ nq?1~ ~y~, with a!1 prtmiums tF~erton pa~d in lull, fu~ insw~nc~ in ~Fw uswl iundard potKy lorm, in • ium spp~o~ed b~ ~he MURiG~G:E. and wuxb~am ~~aw~nct in IM usw) uandard pol~cy fpm, i~ • ium appror~d by ~ht MORiGAGEE, in such company or co.npan~es as the MORTGAGEE may dNKlj ~nd ~II fin and wind~~am i~x~np (/pIKNf on ~ny of ~aid bueld~n~s. any ente~ea~ ~here;» or parl thereol, in ~he a99.rya~e i~m aia~said a in ~acys Iher~oi, ~MII cont~in 1h~ uswl standud mortya~e+ clavse a such o1~ claus~ IM Mo~l9sgee may requ~r~. ma?~nq the los~ unde~ »~d polb ci~s, Nch ~~d ~vKy. paY+bl~ ro s~td 1MORiGAGEE a itf i~lereit may ~ppaa?. and each +nd ~ve.Y svch po~icy shalt b~ promyrly a~s gned •nd del~ve~ed ro ~~y heW by uid lNOR/GAGFE furtMsr ssturiy ~o said mor~9aye debt, a~x`l_, not I~u ~han Ien (10) days in ad~a,xe of ~he expira~~on of each poi;cy, ~o dr IivN to said MORTGAGEE • r~newai Ihe~tof, top~thM with a race~pt IOf IrR RfQTi~/111 of such reorwal; a+nd there shaN be no f~re o~ w~~~Qsror~n iniuraoce pbttd on any of said buitdinyf, any inferttt th~~ei~ or ysrt the~eof, unless in ~hs form ~nd wifh the los~ peyable as n}wesa~d; a~d in Iht e~ent any tum of mw~ey becom~s payabl~ ~nda such policy p pelKi~s raid MORTGAGEE ahall havs the optio~ to receive e~xl spply ~he san~e on accoum ot ~he indab~rd- n~sf ietur~d he~eby p 1o permit s~id MORTGAGORS to rxeiv~ ~~d us~ it a any part thereof ior o;ric~ ` purF~osrs. •.i~rho~f ~h ur wa+v~ J~ unpa~r- in~ aey. pvity, liM p riyht unde+ or by virtw of Ihis mo:lQa9e; and in the event isid AAORTGAGORS shall for soy' reasun iail ro kcep the said premises so intured, pt fil) b d~live~ promptly sny of said politiet oi insurante b s~id MORTGAGEE, ot fail promptly lo pty fuily any pre~nivrt~ tlierefq p ~n any ~e~psct fail to periam, discharge, exetvte, effect, compkte, tomply witA ~nd sbide by thi~ cove~ant, or any part hereoF, sa~d MORTGAGEE may pla~e a~~p pay fa such inwranc~ w any part ti~tteof wilhout waivin~ a affecting any option, lien, equity, or righl unda or b/ virtue of ~his Matgaqe, and Ihe • full amount of each ud every iuch p~ymem shatl be ;mmediately due and p~yabte and shatl bear interest (~wn the date thrreof u~nil paid at ttx rats of nine p~r centvm pK annum a~d togetFxr with such i~terest shalt tte srcured by the lien of this mortgage. 1. To pNmi1, tommit or sufiet no v~asle, impairment or deteriorafio~ of said property or any part thcreo4. S. To pay all ~nd singular ths costs, tharpes and exp~nscs, including a reawnable attoauy't (ee and ceats of abstrac~s of t~tte, incur.ed or paid at any tims by uid MORTGAGfE, beca~s~ or io the went ot the faiture on rhe part of the said MORiGAGOlt to duly, p~anpNy and fully perfor+n, d~schar9e. araut~, ~ftect, compk!e, comply with and ab:de by each ~nd every the stipula~lons, agrrements, co~d~t~o:o, and covenants uf sald prom]ssory note a~d thi~ mortyay~ any or eithet, and said tosts, charges and expenus, each and every, ~hall be im~nediately due and payab:e; v.~Acther or not rhere be notice dr mand, attempt to co:lect o~ suit p~nding; and the full amount of each and every such payment shall bea+ interea~ irom the dale thereof until paid a1 the rate o1 niee per ceMum per annurn; and all said rnsn, charges and expenses incvrred w paid,. together w~th such mterest, shall be secured by the lieo of th~ti ~ morsyap~. ~ 6• That (aj in the even? of arty breach o~ thi~ Mwlgage w default on thr part of the MORTGAGOR, or (b) in the event any ot sa~d su+ni of mo~ey herein roferred tp be not promptly and fullY paid within thrtty (30) days neat afeer ~he same severatly beceme due and payable, wiriwu~ demand or notice, o~ in the event exh and every the stip~lations, agreements, co:+ditions and cove~anta of sa;d p+on~issc,y no~e and 1h~s morlgage any or eiiher are not iuly, promptly and fully per[wmed, dluMrged, executed, effected, completed, compGed wi~h and a~~ded Sy, then in e+the~ or any such event the sa~d ag ~ ate wm mentiancd in saed + y ~9 p?omissory note then remaining unpaid, with in~erest accruod, and ail moneys secured he~eby, shaN beconie due and pay- ab!e (o~thwilh, a theresites, at the op?ion of sald MORTGAGEE, as fully ~rd completety as ii all of the sa~d sums of mo~eey were ong~nally sripula~ed to be paid o~ suth day, inything in sa~d promi~sory nofe or in this Mortgage to the comrary notwithstanduy; and thereupon or thercafrer at the op~ion of said MORTGAGEE, without notice a demand, s~it at 1aw o~ in equity, tlrcrefore a tRereaite? begun, may be prosecuted as if all mor.eys secured hereby had matwed pr~o? to iri irqtitution. 7. That in the evcnf th~t ~t the 6eginning of o~ ~t any time.Fend'+ng any svit vpon this Mortgage, a to forectose it, p to reform it, w to e~fwcs payme~t of any tlaims h~reu~der, said MORTGAGfE sMil apply fo the Court having jwisd~ction thercaf for thtr appomtmem of s Receiver, such Courf shsl) fathwith appoint a receiver of said mortgaged proQerty all and singular, includ~ng all and singu~ar the income, profita, issues and re~enues from whatever source derived, eath and every of which, it being expressly understood, is hereby moregaged as if spec~fically set for~h and described in the granting and habendum tlauses he?eof, snd such Reteirer shall hava all the bread and effeciive (unct~ona and Fowers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an edmitted equity and ~ matfer of absolute right fo said MORTGAGfE, and w~Thou~ reference to the adequacy or inadeqvacy o( the vatue o( the property mwtgeged or to the so!vency or insolvency of said MORIGAGOR or the defendents, and that such rents, profits, income, iuues arxJ revenues shall be applied by such Receiver according to the lien ot equity of said MORTGAGEE and the pract~ce of svch CWA. 8. To dvly, promptty snd fully perform, ~uharge, execute, efiect, complete, comply wirh and abide by each aRd every the stipulat~ona, agreements, ca+d~tioro and cwenants in sa~d promissory note and this mortgage set for~h. 9. That in the eveM the ow~nhip of the morfgaged premises, ar any part thereof, becomiy vested in a person other than the MORTGAGOR, tha MORTGAGEE, iri successors and auigns, may, without notice to the MORTGAOR, deat with such successw w successor in interest wirii reference fo this morrgsge and the debt hereby xcured in the same mannrr as with Mortgago~ w~~~ut in any way vit;atirg q dixharging the Mortgagori liability here- under a upon the debt hereby secvred. No sale of the Fremius hereby mortgaged and rw forbearance on the pan of the MORiGAGEE or its successws ( or auigns and rw exrension of the time for fhe payment of rhe debt hereby secured given by fhe MORfGAGF'_ or its successors or assigns, a~~all operate ro release, discharge, rtwdify change or afFect the original liab~lity of the NSORTGAGOR herein, either in whole or in part. 10. It is speuficatly agreed that time is of the esunce of this contract and thal no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time th¢reafter be held fo be a waiver of the terms hereoi o~ of the inst?ument secwed he~by. In add~tio~ to ihe forego:ng monihly payments of princ'pa~ eno interesf required by the promissary nore secured hereby, morlgagor tovenants and agrees to pay fo mortgagee with each month!y payr,zenl an addnionai sum esnmated by mortgagee to be equal to i: 12 of the annual cost of Ihe follow- ~ A-All real propesty taxes kvie<3 or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortg~ge guaranty insu+ar~ce as mortgagee shall irom time ta ;ime deem fit to wrry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writ~ng of the amount due and payab~e hereundrr and such s~m shatl thereupon be due and Fayable on the due date of the next monthly payment and eath successeve month thereafter urtil mwtgagee shall not~fy rrwrtgagor of a change in such j amount. Such sums shall be app{ied by mortgagee toward the payment of real property ta:es, insurance prem;ums, a~id mcrtgage guaranty insurance premiumi. IN WITNESS HEREOF, e said MpRTGAGOR has hereunto set his hand and scal the day and year 4irst atoresaid. ~ Sgned, e~ed es~nce of: Vi ' al) T11P B tS;j ].@ iSeal) ~ . ~z~ ~:ut~ ~ (Seap - ~ _~..'h ~ ~ Seal) STATE Oi7f~~ Florida # ~ i coutm OF _ St L_LCie ~ t 1 Before me penonally appeared Ja'Tl@ a~ 3C~16 - ~ snd ~ ~P~ ~a R g 6is wife, to me well known and 4nown fo me to be the '^dmdo+~s desv~bed i~ +nd who execwed the foregarg instrument, and actcnow~edged befwe me that they executed the same for the purposes ~?+e.~~~ ~xwesud. a,d tne sa;d Thelma 3. Boy19 ,tiife oi the said a18lT1P. g ~O`~16 upon a separate and private examination by me taken ~eparate and apart from her said husband, atknowledgod to and before me that she executed said instrumeM (reely end volun- ~~~~~Y and W~~hw+t +nY compulsion, constraint, ~ppreFuns~o~ fear of or fran her said husband. . ~ WiTNfSS my Mnd and officisi Kel thi: r~/ day of cember ~ A. D. 19 70 ~ Notary P r, in and !w tlx State of { ~•,r j~r9e MY iuion eapires~~ ~i ~i~~/ p Return To: finf fedna! Savings 3 Loan Auociat)on Of fort P~erce. ~~1~:~~~~~11yr~'..~ N~ta~, a.yt:. }f.k of Porids ~t isrpr fo~t Pierce, Flaida •~'!1 ~ : ~ • ~ ? ? . ~ ;1 ~ ~ •J! ; ~:.~t .~..;.::is:i~r: cx;,~res E`wg. 6 197) ~_~l iw~a h A.«~w. ir• i Caw~aley 8~y" . c~• ~ , Ei I.EG ~N p~~ • ,'J'::~:r_!;i • DRECOlIfI~. This Instrument Prepared By J. D. Cha s~~ty,~: , tT. IUCi~ COURTY First Federal Savings b Coan Association 0-`I ~h:=: z l10CER POITIIAS c, = ' CLERK CIRCUIT COURT of Fort Pierce , Fl ori d a ; M•. ; 4;••; Q~v~ : E~ C',~ R C C O R D V E f lI F1 E 0....~.... p 'p _ Checked By k~ !j , ~ . sta~,,,.,=-: DEC ~1 12 27 PH'T8 , ~ooic~$~ w?cE 2024i1 , ~ . . . . ~ _ - _ ~ . _ _ _ ~ ~ _ ~ ~ - ~ : _ ~ _ ._a_