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HomeMy WebLinkAbout1193 . • 3. To pl+c~ and continuously keep on the twi!diAgs now w heresiter ~ituate on said ~and and ort alt equipment and perfo~a~~y coveied by this mat9- p~, with ~I) prem~ums lhereon pa~d in full, fire insurance in the usval stondard policy fo~m, in a ~um approved by th: htOR~GAGEE. and w~nd~torm iniuronce in tF+~ usual seanda.d pol~cy iwm, in • sum appro~ed by ~he MORiGAGEE, in such company o~ co~npan es as Iho MORTGAGEE msy dir~d; snd all {iro ~nd w~nds~orm insurance poi~cies oo ~ny of sa~d bu~1d~~+q~, any iroereat the~ein or parl ther~o(, in ~he apgrr9ste a'm afa~said w in ~atefs ths~eof, iMll contain the usual sNndard matgagae ctause w ~uch ofher clause as the Mo~~yages may requ.re, mi?ing tl~e ~a~s ~nde~ sa~d polt cies, each and every, payab~e to said MORTGAGEE ai its :n~rresl may appear. and each and eve.y tucA poi~cy sha? be promptlY ass yned and deGvered ~o ~oy held by said MORfGAGEE ~s (ur~h~x security ro sald mortgage deb~, and, not less than ten (101 day~ in advance of the eapiranon ol eech pofiq, to dr liver to uid MORTGAGEE a renewal thereof, tope~her witi? a receipt for the p~rmlum oi such renewat; a:+d there shall kx no f~re o~ ~L1~1d110~iT insurance pl~ced on any o1 said bvildings, any interei? therein or part thrreof, un!ess in the (orm a~d w;~h ~he loss payable ai aforesaid; and in ~I+e eveM any tum of money become~ pay+ble ~nde. ivch poliq a pol~cros u~d MORTGAGEE shall have ilw opt;on to ?eceive a~~d apply ihe sa~ne a? accou.~t of the inJrbted~ neu secured hereby a 1o perm~l ssid JNORTGAGORS 1o receive and us~ it w any par~ thr~eol tc~~ oti,~~~ pw;.osrs. ~y;~ho~+ ~h_~.ur wa~.~+3 cr u„p„u• i~ a~y puity, lien w righf ~ndc~ ot by virtue of tAis mo:!9a~e; and in the event sa~d MORTGAG~RS shall for a~y reason fail lo keep the sa~d prem~se• w insured, w fail to de~~ver pror:iptly any of uid pot~:~es of insuraRce to se~d MORTGAGEE, a fa~! promp~ly ~o pay Iu~Iy any pr~~m~m thcrefot w in a~y ~espect tail to par(wm, d~scharge, eaecute, effect, tomplete, comply with and abide by this cove~ant, or any pan harrol, said MQRTGAGEE may place •nd pay 10~ such i~surance o~ any part thereof w~thout waiving o~ affecting a~y opt~o~. ~~cn, equ~~y, or r~ght unde~ or by virtue oi ~h~s Matgsge, and the full amovnl o! each and every such payment ahall be im~nediately due u+d payable and shall bear iroeres+ from ~he date thereof uneil paid a~ the rate ol nine per tentum per annum and togethcr with such interest shail lx secu~ed by the Gen of this mo?tgag~. 1. To permit, commit or su(fer no waste, impairrt~nt a deterioration of said property or any part thercof. 5. To pay ~II and singu~ar ~he costs, charges and expenses, includu~g a reasonaule sttorney's fee and costs oi abstrac~s of title, ~ncurred or paid st any time by said MORiGAGEE, because or in the event of ~he fa~7ure on the part ol ~he sa~d MORIGAGOR to duty, praT~pNy and f~ily p~riorm, d~xharge. execute, elfect, complNe, canpty weh and ab~de by each and e.ery ~he slipvlehons, a9rre~nents, co~+di~~ons, and cove~~anfs of sa~d p~an~ssory note and thii mwtgape any w eithe~, and sald costs, charges and expenses, each and every, shalf be immed~atrty due and payab:e; whe~her or not ehe~e be no+~ce dr mand, attempt ro collect w suit pend~n9; and the full amount of each and eYe?v svch paymen? shatl bea~ int~rest from the da~e thereof umil paid af fhe rate of nine }xr centum per annu:n; and all saiJ cos~s, char9et e~xf eaproses incurred w pa~d, toge~he~ wuh such mte~eit, sha11 be secured by tfie ~ian of thit mo~t~age. 6. Tha1 in the event of any breach of this Mo+~gsge w defa~!t on ~he pa~t of the MORTGAGOR, o. lb) i~ the event any oF sa:d sums of money herein referred to be not pro~nptly and fully paid within Ih~rty (301 d.+ys next after the s~me scvere'.ly beco,ne due and payaUle, wi~lwui demand or nolite, or in tF~e event each and every Ihe sfipula~ions, agreemenis, cor.d~na~s and covenants of sad promisw~y notr and th~s mortgage aoy w either are not ~uly, prompNy and fully performed, d,scharged, execwed, etfecred, comp+eted, compfed w~~h and ab~ded Sy, ihen in e~ther w any such eveni tne sa~d ag- gregate wm ment+aned in said pranissory note tFkn remain~ng unpa~d, with imrrest accrued, and a~l moneys secured hereby, shail txtume due aod pay- able forthwith, w ~hereafter, af the op~~on oi sa~d MORiGAGEE, as tutly and co~nplete~Y as ~1 at{ of ~hr sa~d s.,~ns of mcney were w~g~natly snputated to be paid on s~ch dcy, anything in sa.d prom~sso~y note or in this hlortgage to the contrary notw~rhsrandu.g; and therevpon or thereafte~ at the op~~on of faid MORTGAGEE, witFaul notice w demand, su~t at law or in equity, thereFwe er tt~erealter begun, may be prosecuted as if all mw~eys secured hereby had matwed pnw 10 ~ts ins~~tutian. 7. That in the r~ent rhat st the beg~nn~ng of or at any t~me pend~ng any su~t upon th~s lWoregage, or to faeclou it, or to reform it, ar to enforce paymrM of any daims hcre~nder, said MOltTGAGfE shaR apply to the Court havmg ~uriid:c:~on ther~o4 for the appo~nhnent of e Receive~, such Court shaN Forthwith appoint a rece~va oi said mortgaged prooerly all and singular, includ~ng a:l and s~oyuta~ tt~e ir.co~ne, prof~ri, issues and revenues hom wha~ever sou~ce derived, each and every of wh~ch, it txing exp~essly underateod, ~s Fereby mortgaged as if speolicaliy set forth and described i~ the granting and habendum clau:es hereof, and s.xh Rece~ver shall have all the Ixoad a~d eifece~ve f~~tc~.ona end pov.ers in a~yw~se entrusred by ~ Cou•? to a Receiver, and au.h appointment shaU be made by such Cow~ ai an ad:nitted equity and a matter of abae~ute~ r~ght lo said MORTGAGEE, and wiihe~~ reference lo the adequacy o? ~nadequacy of the value ol tlx p+ope?ty mwtgaged or to ~he so~ve~cy o+ ~nsalvency of said MORTGAGOR w the defe~dants, and that such ren~s, profrts, incane, ]ssues and reYenues shall be appGed by such Rece~ve~ accord~ng to the lien a equ~ty o( sa~d MORiGAGEE and the pract~ce o( such Court. 8. To du1y, promptly and (ulty perform, dixharge, execute, ef~ect, complete, compiy with and sbide by each ar~d evcry the stipulations, ag~eements, condi'ans and tevenants in sa~d prom~ssory note and this mortgage set forth. 9. That in the event the ownersh~p of the mortga9ed prem:ses, w any part thcreof, b:comes vested in e person other tha~ the MORTGAGOR, 1F+e htORTGAGEE, ita successors and ess~g+u, may, wirhout notice to ~he AtiORTGAOR, deal w~~h such s~ccessor w wccessor in imerest wi~h reierence ~o th~s mortgage and the debt hereby setured i~ the same ma~ner as with Mo~tgagor without in any way viCating pr d~uha~ging fhe Mortgagors' liabitity he~r under w upon the debt herebv secured. No wte of the premises hereby mo.egaged ar.d no forbea~ance on the part of thr MORTGAGEE or its successws o. ass~gns and no exte~s~on of the t~me fw the payment of the deb~ hercby secured g~ven by the MORTGAGEf or its succestws or au~9ns, stiall operate to releax, discharge, modify change or aifect the orig~nal liab~lity of the MORIGAGOR f~erein, eithe~ in whole or in part. 10. It is spec~fically agreed that time is of the esx~+ce of th~s co~tract a~ that no wa~ver of any obt;gat~on hereunder or of the obligation sr cured hereby shal! at any time thereafter br held to be a waiver of the terms hereol or of the instrument secured herby. 11. In add,t~o~ to the foreyo nq momhty payments of princ ,^.al and interest requ~~ed ~y the prom ssc~y no'e secur~ herrby, mortgagor covenanta ar.d agrees to pay M rtTOrtgagee v~ith each monthty payment an addr~onal sum csr n:ated by morsgagee to be equai to 1_ 12 of t:~e an+:ua! cost of the foilow- ing: A-Afl real propcrty taa.s levied w assessed agaFtist thr above desc+ibcd real estate. 8-Prem~ums on f;~e and w~ndstorm fr.suracce as here~n ~eq~~red to be carried en the ~m;;roveme~ts rtuate on the abo~e described premius. C-Pre~n~wrs on su;h ~~artg:~ge gvaranty ir.wrar:ce as mo~rgagee sh3.t f.or~ Yme ro time deem fit to carry on the ioan secured hereby. Mortgagee sho•I '.om tr.ne to time nohfy mongagor i~ w~~tmg of the amou~t due a~d payable hereuncirr and such s~rn shail there~pon be due and Fayable on the ri~e da~e of ~he rteat mon5h:y payment and each success~ve ~non~h thereaf~er u~:~ii mcrrgagee sha!t notify rtx,rtgagor of a change in such a~:o~nt. Such sums shT i:~e applled by mortgayee toward thP paymeni of real pruperty taxes, insurance p~em:v~ns, and mwtgage guarenry insurante I premiums. ~ IN WITNES~ VVHEK.L.Qf }he said MORTGAGOR s hereunto set his hand and seal fhe day and r'rst af id. Signed, Seated and d~ivered n the presence of PILED ~KO RECOR~E~ / t gt ROGE~CPOITRAS`A ` ~n ~ CIERR C~iCU1T 0 (~a~ RECORD VER~F~EO ~se.p ~ _ ts.ean ~ STATE OF FLORIDA MAY I I Z 33 PM'~ ~ - S5. couNn oF St. IuCie ~ Befwe me perwnally appeared L• 1/8@ ~1~$3 +nd T/OP@titi8 B• ~1~159 his w~fe, to me well known and knotivia to me to ba the individu~Is described in and who executed the foregoing instrument and acknowledgad before me that they executed tFy sirt~t fOr !hl? piVtposes therein e:pressed. And the sa~d ~~tt8 ~lOnl8.9 Ti ~@ ~101088 . - • :~'s ~ wife of the said • ~tl~~ ptiyat~ _ ~ exam~natron by me taken separate and apart from her said husband, acknowledged to and befo+e me that she etuted y r~ ~,^•fj+g~•and voiyw~' ~ tanly and withouf any compuls'an, constrai~t, appre ~~qn, or fear of or from her uid husbend. _ . V'•,~<= ~ ,1 - 1 WITNESS my hand and offic;ai seal thi _ dey of_ ~1., . 19'~g' . ns,0.~ _ ~ t.~ - - ` Notary Public in and for he 5 1e f~ . ~'~~1~ • ~ My Comm~uion eapires: ~ ~r~~~ ..~h•~ 4 ~ ~ ~ Retum To: i~ ~ ~iy~~~. iTAt~ ~ ~ Fint Federal Savings 3 loan Assoc~at,on NOTARY F;;,_:•_IC :~.`.Tc' F:'1!~1JA~ i~ I~ii~~~' ~ O; Fo.t P erce MY CO~:t:;!''.~li~,~ EXPIi2 .,3 fA•'*~. Fort Cir~ce. Flor~d~ GENERAL If~iSURANCE UlVp[RyyRITE( ,iS~ ~ 3-a-~~ ~ ~ This Instrument Prepared 8y Jo2]=1 ~i. COlliri3 ~ First Federal Savings ~ Loan Association of Fort Pierce~ ~ot1dS ~ ~ Checked By 1;~-- 60UK ~t7~ 13s ~ ~ .Y , - - - - - - - f~~„. 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