Loading...
HomeMy WebLinkAbout0011 ~ ~ 3. To plau •nd continuousty kcep on the bui!dings now a hereafter ~ituate on sa~d land and on all equipmeot and personally covered by this matg~ sgs, with all premiums thereon paid in ful~, fire ir.sur~nte i~ 1M usual ~Iandard policy (orm, in a sum approved by the MOR~G.'1GEE, and windstorm insurance in ths usual ilanda~d pol+cy fwm, in s sum ~pproved by ths MORTGAGEE, in ~uch canpany or compan~es as the MORTGAGfE may di?Kh and all firs and windstorm ins~rance policiet on any of ~a~d build~~s, any inlerest thtrein or part thereol, in the aggregate sum aforesaid a In sxceu Ihereof, sMll ca+tain fhe uival standa~d mor~ga9ee clsux w such othe~ cleuse as the Ma~gagee may rcqu~rs, maAing the loss undar sa~d po~i- cies, each and eve~y, payabte ro said MORTGAGEE as its iMere~t may appea?, and each and every svch po~icy shall be promptly •ss gned and detivered to any MId by iaid MORIGAGEE as furt!?er seturity to said mortgaye debt, a~d, not less than ten (10) days in advance of the expiration ol each policy, to do- live~ 1o wid MORTGAGEE ~ renewal thereof, toge~he~ with a receipt tor the p~emium o} such renewal; and there shall tx no f~re or w~~~duorm insurante plxed on +ny of said buildinss, any inteiest the~ein or part thereoL unless in the form and wi~h the lou payable as a(o~esa~d; and in the event any sum of mon~y becanes p+yabl~ unJsr such policy or po~icies said MORTGAGEE shall have the opt~o~ to rece~ve a~xi apply ~he san,e on accoum o~ the indebted- ness securatl htreby o~ ro permit said MORTGAGORS to receivs and us~ it a ar~y part thercof ior otiier purposes, v.~~ho~t ih:.~b~ WdW~ ~7 or u~~p~Ir- ing any equity, I~en w right ~~der a by vi~tw of thia mortgaga; ~nd in tM event sa~d MORTGAGORS ~hall fw any reason fail to kcep the sa~d premiscs so 7nsured, w fail ro deliver promptly ~ny of aaid poi~cies of insurance to taid RAORTGAGEE, or fa~l promptly to pay fully any prernium therefw or in a~y respect fai! fo pa(o~m, discharyQ, execufe, elfect, complete, comply with ar+d abide by this covenanl, or any part hrrool, said MORTGAGEE may place and pay tor iuch insurance w+nY part thereoi without waiving or affectinp any opt~on, 1ien, equ~~y, w righr u~der or by vir~ue of ~h7s Ma.rgage, and ~he tull amovnt o} e~th and every such payment shall be immediafely due and payable and shall bear inte~est from Ihe date thercof until pa~d at the rate ol nine per centum per annum and together with such inte~eat shaU bt secured by ?hs lien of this ~lgage. 1. To pe?mit, commit w suffK no wasts, impairment or deterioration of said p?operty or any parl thereof. S. To pay al) ~nd tingula? the costs, cMrges and expenses, including a reasonabte attaney i fee arxl cos~s of abst~acts ot titte, incur.ed or paid at any time by said MORTGAGfE, because o~ i~ the evenl of the fa~lure on the part of ~he said MORTGAGOR to duly, promptly and fully pe~Form, d~scharge. execute, effecl, complete, comply with end ab~de by each and every the stipulat~ons, agreemen», condihons. and covena~ts of sa~d promissory note and ~hii mortgaya any ot eithe~, ~nd safd cos~s, charges •nd expenses, each and eve~y, shatl be immedietely due and payable; whe~her a nut ~h~re be no+ice da mand, anempt to colkct a suit pendi~g; and the full amouM of each and every svch paymem thall bea. inter~sf irom the date thereol until pa~d at ~he r.~+e o~ nine per centum per an~ium; and ail said tosts, charges arx! expenxs incurred or pafd, together w~th such imerest, shall be secured by the Len ot this mOtt9~e. 6.. That (a) in the event of any breath of fhis Abrtgage or default on the part of the MORiGAGOR, a(b) in the event sny oF sa;d s~ms of money herein referred to be not promptly and ful~y paid within thuty (30) days nex~ afrer 1he sa:ne severa'ly become due and payaWe, wi~hout demand or notice, or (c) in the event each and every the stipulations, sgreements, cond~tions and covenants of sa,d pro~n~ssory no~e and th~s moitgage any or e~ther are not ~uly, promptly and lully perfwmed, d+scharged, executed, elfected, completed, compl~ed wifh and ab~ded 5y, then in e~~her or any such event ~he sa~d a¢ gregste sum mentioned in said prer.~issory note then remaining unpa~d, with inte~est acuued, and a~i ~roneys sec~red hereby, sh~tl become due and pay abie fwthwith, a thereaftK, d the option ol aaid MORIGAGEE, as fvlly and compfetely aa if all of rl,e ea~d s~rns of money were wegina:ly st~puiated ro be paid oo svch day, anythinfl in sa:d promisswy note or in this Mortgage to the contra~y notwlthata~:d~ng; and thrreupon or therealter ai the ophon of sA~d MORTGAGEE, wi~hout notice or demand, suit at law w in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby n.d mawred pnor lo its institution. 7. That in the event Ihat at the beginni~g ol w st any time pending any suit upon this Mortqage, or to forectose it, or to reiorm it, or to en(wce paymeM of any tlaims hereunde~, said MORTGAGEE shall apply ro the Cou~t hav~ng ~unsd:ction thr~eof }w the appo~~tment of a Receiver, such Cou+t sha~l For~hwith sppo+M a receiver of sa~d mortgaged p?ooerty at! ~~d singular, ind~d~ng alt ar.d s~nguitr the income, pro(~ts, iss~es and reve~~ues from whatever seurce derived, each and every of which, it bei~g expcessly understood, is hereby mortgaged as ~f spec~tically set for~h and deuribed in the graniing and habendum cla~us he~eof, ~nd such Receiver shall have all the broad and effeaive f~~ct.ons and powera in anyw~se envusted by a Court to a Receiver, and ~ s_ch appoimment shall be made by such Court as an ad:nitted equity and a ma~ter of absolu+e nght to said MORTGAGEE, and w~shoul relerence to the ~ edequacy w inadequacy of ~he value of tix propeny mwtgaged or lo the so,vency o~ ~nso~vency oi said MORTGAGOR or the defendants, and that s~ch rents, profits, income, issues and revenues ahall be appl~ed by such Receiver accord~ng ~o the lien w equity oi said MORTGAGEE and the p?actice oi such CouA. i 8. To duly, p~omptly and fully perfwm, diuharge, eaccute, clfect, cor,Wlete, comply v.l~h and abide by each and every the stipu~atio~s, agreements. • ~ conditions and covenants ~n sa~d promissory note and this mwtgage set for~h. 9. That in the event the owne~ship of the mortgsyed premises, w any part thcreo4, becomes vested in a perwn othe~ than the MORiGAGOR, the MORTGAGEE, its successors and assiyns, may, without notice to the MORTGAOR. deal w~th wch wccessa o~ auccessor in interest with reference to this n:o~igage and the debt hzreby secured in the same manner as with Mortga9or without in sny way vit:ating o~ d~scharging the Mortgagori liab~fity he~c u~der or upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no fo~bearance on the part of the MORiGAGEE or its successo!s ! or assigns and no extens~on of the time fw ~he payment of the debt here6y secured given by the MORiGAGE~ or its successors or ass~gns, shall operate ~ to release, d~uharge, mod~fy tharye w aftect the original liab~l~ty of tAe MOR(GAGOR herein, either in whote or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver o! any obligat~on hereunder or of the obligaYan sr ~ cured hereby shsll at any time thereafter be held to be ~ waiver of the terms hereof or of tFx instrument secwed herby. ' 11. In add~tioa to the fwego ng monthly paymems of p~inc pal and interES~ ~equired by the prom. ssory r~o'e sc:urad hereby, mortgagar covenants and agrees to pay to mortgagee v.~th each momhly pay~neM an add~~iona! sum est~mated by mortgagee to be eq~al ~o I, IY o~ the annual cost of the follow- a„y: A-A!! real property taxes lev~ed or assessed agai•~st the above desc~ibcd real es+ate. B- P~em~u~ns on fire and windsrorm ~nsurar,ce as here"~n requ;red to be ca~r~ed on the ;mproveme~rs s~t~ate on the above described premises. F C-Premiums on wch mwtgage guaranty insurance as mortgagee shail froT t~me ~o ti~ne deem fit to carry on the ban secured hereby. ~ ~ Ma.tgagee shai! trom time to time norify mertgaqor ~n wnt~ng of the amovM due and payable hereundrr and suth su~n shall thc,eupo~ be due and i ~.yabte o~ the d~e oate of the neat moMhly paymeM and eacfi successive month thereaft:r until mortgagee shaq notify mortgagor oF a change in such a~:o~nt. Such sums shaii be app~ied by mortgagee toward the paymem of real property taxes, insurance prem:ums, and mortgage guaranty insurance i • i : ~emlumf. f IN WITNE~S YYHEREOF, the said MORTGAGOR haa hereunto set his hand and seal t 1e day and year (irs afw aid. ~ S~gned, Sealed and delivered in the p~esente of: ~ ~ ` f{Lf0 l71£' ~ECOilOE1• s1) 51.~11C~~ ~O~n ~ ~broke Saunders, individy~~y ~ Rp~~~ p~ttRl?S and as gu~rdian of the est ~~ERI~ C~RCUIT C0111tT of h s wife, Natt ie Btovm ~~a~~ IIEtORD VER~f1E0 ~~ders, an inconpetent SiATE OF FIORIDA !e couNn oF St. Lucie ~ J 21.4391 sero.~ ~~~uy appesred individuall and as uardi n of th ~ r Pct~*p Of hic wife.~ Hattip Rrc~vn $a~ndnrs ~ an incotaPe ~o me welt known a~d known to me to be rhe individwl~ desuibed in a~d who executed the faegoing instrument, and acknowfedged before me that~heq executed the same !w the purposes ~ rhe•ei~ e:pressed. ~wd.tiM~sid - - +.:fa ~ M~ ~ai~ - ~r'ow~-s~P~w~rwcEprwraM t~amlrraMen bT w~e w~ieew~ep~rs~! ~nd~apsT Rar? Her saic~ Iw~?~dr st~enewieiged~» ~wd bei~~n~e N~e1 il~re+ceart~d ~ir irwNa~w~ ~sly-ani+duw- -rw~iy.awi ~r.~lwrt-a~~. ~oriprJsiow~wwsw~in~.-~M~F+«nwwr~ fe~r-oi o~ h~ I~er w:dJirabarid. = WITNESS my hand and offic~al seal th]s_ dsy oi_ ~ A. D. 19~_ Notary P ic in a~d ~or the tate of Florida ~t lary~ ~ My Co ~ssan e:pires: / 9 7 J ~ Return Ta P.+`~=~?~:' Ci;~• ~r cT•Tc nF FIltRI „ oa nT t aRti! Firsf Federal Savings 3 loan AssociaGon R'y ~ ~ • ~i; - . - , . • t 6 197~ Of fort P~erce. Iti:~:;.' `i:Cc Ut1DtRWRITERS, ING`, Fort P~erca Flonda ~ . - '~f ~ L~~i91~ x ~ . ~ ' l/ This InsTrument P~epared By Wm. E. Braun First Federal Savings 8 Loan Association ' 1, of Fort Pierce~ Flor ida ; ' ~ = . ~ . ~tl~-- ''••..c '•'~p; Checked By , ~r: s~~~~~• „ seor~95 PAC~ ~1 _ -