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HomeMy WebLinkAbout1537 Z. To plac~ and conti~vously ktep on the bui!dings now a hereait~r ~ituste on sa~d ~and a~d on sli equ~pment and pe~sonelly covered by this mort~- sg~, with al) premiumf Mereon pa~d in 1u11, fire insu~ance in 1he usval standard policy form, io a sum approvad by ihe h10R~tiaGEE, and w~n~~tam ~ inswance in ihe uswl ~~andard pol~cy fam, in a sum ~pproved by the lNORTGAGEE, in s~ch company or compames as the MORTGAGEE may j diret~; ~nd al~ firs and wlndsto~m inwrance potiues o~ any of taid buitd~nys. ~ny interes~ iherein or part thereof, in the ay~grega~e sum ~fo~e~aid w in sxcess Ihereof, sMU cor+tai~ the usual stendard mortga9e~ dauie or ~uch o~he~ clavse as ths Mo+tgagee may reqwro, maAing the losi under sa~d poli- ue~, each and eve~y, payab~e ~o iaid MORTGAGEE at its int~re~t may appear, and cach and every such poGCy s~~all be pron,pUy ats gned and de~ivered ~o any hald by wid MORiGAGEE ai turther security to sald mwtflage debt, and, oo~ less than ten (10) days in ad.a:~ce of the exp~rat~on oF each poRCy, to da- I~ver fo iaid MORTGAGEE a renewal thereof, lapether witA a rece~pt for tfie premiuan of such renewal; a~~d there ~hall be no f~re o~ Hr~nds~or~n insur~nce pl~ced on any of said buildi+gs, any interett therein w part thereof, unteas in the fo~m and wi~h the loss payable as a(oresaid; and in the event any sum of mon~y betome~ payable unde~ iuch polity or policies sa~d MORTGAGEE ~hall have the opt~on to recr~.e and appty the aame on account of ~he indabtrd- ne~s secured hereby w to pe~mit said MORTGAGORS ro reteive and use it p any pa~t thercoi lor oti~rr ~;urposrs, v.:~ho~t ~h~~. c; W'JIH~'~'3 0~ ,~mPe~~- ing any equity, I~en or right under ot by vi~tu~ of thii mor!pa9e; and in the tvent sa~d MO~TGAGORS shalt for any reaton fail to keep the sa~d premises ao insured, w fail b defiver p~omptly any of uid polities O! insurance fo said MORTGAGEE, w fait p:emptly to pay fully any pre~n~um the~efw or in a~y resped (ail 1o pKform, distharge, eaecutt, effet~, tomplete, co:nply wi~h snd abide by this covenan~, or any pert hrreof, said MORTGAGEE may place aRd pay fo~ such ie~uranc~ a a~y part thtreof without waivinp w aftecting a~y opl~on, lien, equ~~y, or ?igh~ under o~ by virrue of this Morrgage, and 1he full arrwunt of each and erKy ~uch paymenl shall be immediately due a~d payabls snd shall bear interest from tho date thereof until paid at the rate ot t nine per centum pet annum and ro~ether with such inte~est shali be secured by the lien of tAis mortgage. 4. To ptrmit, commit or suffer no wasle, impairment a deterioraNon of said property w sny part thereof. S. To pay all ~nd ~ingular the cos», charqet ~~d expe~us, i~ctu~ing a reasonabk +nwney's fee and costs of abstracts of title, incuned or paid at eny time by s+id MORiGAGEE, becaux or in the ~vent of Ihe fa~lu~e on ~he par~ of ttx said MORTGAGOR to duly, pron,p~ly snd fv~ly pario~~n, d~scharg~. execute, ~(fect, compkts, comp~y w~th and ab:de by exh and every Ihe atipulat,ons, a9reements, condinons, and covenanrs o( said prani;sory note and ~hi~ mori~aQe any or ei~her, and sa~d costs, charges and expenses, each and every, shall be im~ned~ately due and payaUle; whethe~ w no~ there be no+~ce dr mand, attempt to coltect or suit pend~ng; s~d the full amounl of each and eve~y such payment ahall bea. interes? from the date fleereof until paid at the rate of nine per centum per annu:n; and ail wid costs, cMrges snd expenses incurred or paid, together wdh such inter~st, ihall be secured by IF+e Gen o( thli mortpape. 6. That (a) in tAe evs~t of any breach of this Mortgag~ w default on the part of the htORTGAGOR, or (b) in the event any of sa~d sumi of money herein referred to be nol promptly and futly paid withi~ th~rty (30) days ~ext after the same severa:ly become due and payable, witlwut demand o? aotice, or (cj in the eveet each and eve~y the stipulations, sgreementt, condi~ions and coveoants ot sa:d prom~ssory nofe and th~s mo~tgage any w e~ther arc eo~ iuty, promptly end fully perfwmed, d~scharged, eaecuted, eifecred, completed, canplEed w~th and ab~ded Sy, then in e~ther a any auch evem the s+~d ag gregate sum mentior+ed in ssid promissory note then remaining unpa~d, with imerest accrued, and a+l mo~eys secured hercby, tt~all becwne due and pay able forthwith, a thereafter, at the opt~on of said MORTGAGEE, as fulty and comptetely as if all of the said suma ef mo~ey were a~g~nally stipu~ated ro be pafd on such day, anything in sa:d p~omisswy rrote or in this Mwtgage to the convary notwithstanduig; and thereupon or thereafter at the option of said MOAiGA~EE, without notite or demand, suit at law or in eguity, thert(ore w thereaitcr begun, may be prosecuted aa if all moneys secured hereby had mafured pr~or to ~ts inttirution. 7. Thet in the event that at the beg~nn~ng of or at any time pending any su~t upon this Mo~tgage. or to foreclose it, or to reform it, or to enforce payment of any daims hereunder, said MOATGAGEE shs~l apply to the Court havirg ju~isd~cuon thereof fw the appoimment of a Receiver, such Court shall Forthwi~h appoim a rcce~ver of uid mwtgaged prooerty all •nd singulsr, inct~d,ng all and smgu~ar ~?•.e income, p~al~=s, issves and rovenues hom whatever sevrce derived, each and every of whlch, it beinp expressly understood, is hereby mortgaged as if spec:lrcally set for~h and described in the granting and habendum clavscs hereof, and s~ch Receivea shall have all the brwd and cfiective funct.ons and powers in anyw:se entrusted by a Court to a Recriver, ~nd ~~ch appointmenf shall be made by such Court as an admitted equity and a malter of absoiute right to sa:d MORTGAGEE, and withou~ reference lo the adequxy a inadeq~acy of the value of the property mong~ged w to the sotvency o~ ~nsolvency of sa~d MORiGAGOR o~ the defe~dants, a~d ihal t~ch rents, profits, irxome, iuues and revcni,es shall be applied by such Receive~ accor~~ng to the lien w equity of said 1NORTGAGEE and the prac+ice of such CouA. 8. To duly, p?omptly and fully perfwm, discha.ge, execu~e, effect, com.piete, comply with end abide ~oj~tach and every the sl~pulations, agreements, ~ ~ conditions and covenants ~n sa~d promtasory note and this mortgage set fwth. 9. That in the event the ownership of tke mo?tgayed premises, or any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the RtQRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dea! with svch successa w successo+ in interest with reference to lhis morrgage and ehe deb~ hereby secured in the ssme manner as with Mortgago. without in~ any way vit:ating a diuharg~ng the RAortgagori liabil~ty herr ~nder a upon ~he debt hereby secured. No sale of the premises hereby mortgaged ar.d no torbearo~ce on the part of the MORTGAGEf o~ its successo~s or assigns and no eatens~on of tlx rime iw the payment ot the debt h>.eby sx~~ed given by the MORTGAGEf or its successws or au~gns, ?izafl operale ro reiease, d~xharge, modi(y change or affect the o~ig~nal liabil~~y of the MORTGAGOR herein, eithrr in whote or in part. 10. It is speufically agreed that time is of the euence of this contract aod that no waiver of any obt~gat~on hereu~der or of the obligatan se- cured hereby shali at any time thereafrer be hetd 1o be a waiver of the terms hereof or of the instrument secu.ed herby. 11. In add.~~oi to the for¢go ng month!y payments of princ'pal and imerest requ~red by the From ssory no~e secured hereb~, mortgagor eovenants and agrees to pay to mo:tgagee vvith each monthiy payraeM an add~~ional sum es+:mafed by mortgagee to be equai to 1, 12 of the ann~al cost of the follow- ~ i ng: E j A-All rea! prcperty taxrs levied or assessed agai~~st the above described reat estate. 8-Prem~u~ns on fire a~d w~ndstorm insurar.ce as here~n requ~red to be carried on the improveme~ts s~Wate on the above d.scr~bed premises. C-Pre~niu~ns on such mortgage guaranty insurar:ce as mortgagee shail i.om t me to t~~ne deem (it to carry on the loan secured hereby. Mortgagee sha!1 from nme to time notify mortgagor i~ writing of the amou~t due and payable he?eundrr and such surn shall thereupon be due and ~ ~ayable on the d~e cate of the ne:t month!y payme~N and each successive month thereafier ur.til mortgagee shall not;fy mo~tgager of a change in such ar~ount. 5uch sum: sha;l be appl~ed by mortgagee toward the payment of real property taaes, insurance {xem.ums, and mortgage guaranty ~nsurance i ~.remiums. t {N WITNESS V~HEREOf, the said MORTGAGOR has hereunto xt his ha~d and seal the day and Year first aforeuid. ~ Signed, Sealed and de!i ered in The presence of: C~~ ` ~I~~ ~7~t9~~. ' ~ a~ ~ sa a Lucas ~ - - SL ~UCIE CQUNTY LA. (s~+4 ~ ROCER POITIIA3 c c~ ~ CIERK CIRCUIT COUR _ RECORD YER1fIE0 ~ u (~+n ; - ~ ~ STATE OF fIORIDA 1 ~ e~ ~ ~ 10 ~ ~ ~ St. Lucie f ~ K couNtr oF i : ~ Before me personalty appeared Isaiah 1-LCa~ and i s Helen Luca s his wife, to me well known and known to me to be t ~ the irsdividuals described in and who exetuted the foregoiny instrument, and acknowledged before rt+e that they exetuted the same for the purposes ~ ~herein e:pressed. And the said HPiPtI ~•1. I.L1Cd5 ry - upon a sepsrate ~nd p?ir~t~ ~ ~.~?e ot s~~d Isaiah Lucas ~ eKaminat~on by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrummt freety and volurr ~ tanly and without ~ny compvlsion, conahaint, spprehension, or fear of or from her said husband. ~ WITNESS my hand and otficial se~l thia ~ day of_ ~ rll q, p, ~q 71 ~ Notsry Pubi~c in and for the State of Florida at Lar~s - M$ Comm~ssiwt expires: Return To: ~K~~~~t~r ~ ' Fint federal Savings d~ loan Associe!ion ' ~i.~~~`'~~i~~- MY C M~MISSt N~(p~ S~SEP'~ AT LAR~E r3 O~ Fort P.e.ce. v L ~ f~ 3~3 Fo~t Pierce, Flor~tia ` ~~~L~. i v ~ ~ % ' ~ ~~i~~ ~ , _ _ This Instrument Prepared By ~icha rc~+~'•.IC~}r~~ ; First Federal Savings 8 loan Association ~:,,'s'~~..;~~. - E~ of Fort Pierce s Flo=ida ' i~• _ ~~.4 ~ ~~/~1'~~1t\~~," = Checked 8y = bo~K 191 1535 = ' • ~ ~V ~ ~ . . . _ , _ _ ; ° . . -