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HomeMy WebLinkAbout2144 E i ~ ~ i 3. To place and co~tinvousty keep on Ihe bui'Jings now o~ hereaffer ~ituate on xaid land and o~ all equipmenf snd personally tovered by this ma f aqs, with al) premi~ms thereon pa~d in iutl, lire insurance in the ~sual standard polity form, i~ ~ ium approved by the MOR~GAGEE, and winds~o ~nsvrante in Ihe usual standard pol:ty 1orm, in a ium a~proved by the NIORiGAGEE, in suth company o~ companies as 1he MORTGAGFE m d~rect; ~nd ap ti~e and windstorm insurance pol~c~es on any of said build~nps, any interest therein w pait the~eof, i~ ths aggreg+te tum afwesaid excesi ~hcreof, shall contain ~he usual standard mortgagee clause o~ such other clause as Ihs Mor~gagee may req~~re, maki~g the loss under sa~d po c~es, each and every, payabte to said MORTGAGEE as its interes~ may appear, and each and every such poticy ~hall bs Fromptly ass gned and delivered i any held by said MOR(GAGEE ss (urlher security lo said mortgage debt, and, oot less than ten (10) days in advarxe of the expirofioo of each polity, to d~ ~~~e~ to said MORiGAGEE a renewal thereof, toge~he~ with a receipt fo~ the premium oi such renewat; and there shaN be no fire or windslorm insurant plated on ~~y o( said buildings, any interesf the~e~n o~ part thereof, unless in thr form and wi~h Ihe loss payable as afaesaid; end i~ the event any sun of money becomes payable u~dcr such policy or policies said MORTGAGEE ahall have the oprion to receive and appiy the same on account of the indebted r.ess aetured hereby w to permit faid MORTGAGORS to receive and use it or any pan tho_reof for o:he~ pU~~a3P~, witho~l th_reu/ waivi~ig cr unpaif- ing any equ;ty, licn ot right u~de~ w by virwe of this mo::gaye; and in the event said MORTGAGORS shall for any reason fail to keep the said premiies so ins~red, or fail to deliver prpmplly any of said pol~cies of in~urance 1o said MORTGAGEE, or fail promptty to pay futty any premium therelor o~ in any respect (ail to pe~form, d~scharge, execute, etfec?, complete, comply wiih and abide by this cove~ant, or any part hareoi, said MORTGAGEE may place and pay fo~ such ins~rance o~ any part thereo( without waiving w affecting any option, lien, eq~ity, or right under o? by virtue of this Matgage, and the full amount of each and every such payment shalf be im~nediately due and payabte and shall bear interest irom Ihe date t~ereof until paid at the ~ate ol nine per tentum per annum and to~etixet with suth irtterrs~ shaii be sccured by the leen of this mortgage. 1. To permit, commit or suffer ~o waste, impairment or deterioration of said properfy or any psrt theteof. S. To pay all and singular the costs, charges and expenses, including a reasonable attor~ey's fce and costs of abstratls of titte, incurred or paid at any time by said MORTGAGEE, because or in the event of the failu~e oo the part of ~he said MORTGAGOR to duly, promptly and futly perform, d~xharge. execute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and this mwtgags any or either, and sa~d costs, charges and eapenses, each and every, shali be immediately dve and psyab~e; wheiher or not there be not~ce ds mand, attempt to tollett w suil pend~ng; and the (ull amount of each and eve~y such payment shall bea~ interest {rom the date thereof until pa7d at the .,te o~ nine per centum per an~wrn; and all said costs, cl~arges and expenses incurred or paid, together w~th such interesf, shatl be secured by the lien o( thu mortgags. 6. That (a) in the event of any breacb of th;s Mortgage or default on the part of the MORTGAGOR, or (b) in the event aoy of uid tumi of money herein referred 1o be not prornptly and fully pa~d within th~rty (301 days nexf atter the same seve~ally become due and payable, withoul dema~d or notice, f or (c) in the event each and every ~he stiputatio~s, agreements, co.sd~rions and covenants of sa:J promisw~y note and th~i mortgage a~y p either are not j iuly, promptly and fully performed, d;scharged, ezecuted, eifected, completed, complied wifh and abided by, then in either ot any svch eveM the said ~g ~regate sum mentioned in said promissay ~ore lhen re~naining unpaid, with intere;t accrued, and alt moneys secured hereby, shall betome due and pay- ab~e forthwith, or therea~ter, at the opt~on af sa~d MORTGAGEE, as fully and comptetely as if alt o4 thc said s~ms of money were originally ttiputa~ed ~ ro be pa~d on such day, anything in sa;d p~omissory note or in this Mortgage to ~he convary notwitha~andi~!Q and tF+erevpon a thereafler at the option of sa~d MORTGAGEE, without notice w demand, suit af !aw or in equity, therefore or 1he~ealter begun, may ~be prosecuted ai if all moneys secured hereby had matured pr~w lo its institutlon. 7. Thaf in the eve~t that at the beginning of or at any time pending any suit upon this Matgage, ot to forectoae N, ot to reform it, w to enfortt payment ol any claima hereunder, said MORTGAGEE ahatl apply to the Court havirig ~u+~sd,crion the~eo! tor fbe appointment of s Receiver, such Court shall fcrthwith appaint a receiver of said moregaged p~operty all and singular, inclvd~ng aIl a~.d si~.gular fhe income, prol~ts, issues aRd revenues from whatever source derived, each and every of wh~ch, it being expressly undersrood, ~s hereby mortgaged as if spec~fically ut fwth and desuibed in fhe g~snting a~d habendum clauses hereoi, and such Receiver shatl have aN the b~uad and eff¢ctive funcf,ons and powers in any~priu entrusled by a Court to a Receiver, and s_ch appointment shaf! be made by such Court as an ad:nitted eq~ity and a matter of absolute right to said ~MORTGAGEE, end without refercrjce to the adequaq a inadequacy o( the yaiue of the prope.ty mwrgaged or to the sou~ency or :~so~vency o! said MORiGAGOR w the defendaNS, arsd fhat such ren+s, proiits, incane, issues and revenues sha11 be app~ied by such Receiver accordnig to the lien or equity of said MORTGAGEE s~d the practice o( such CourL B. To duty, promptly and fully perform, discharge, execute, effecf, complete, comply with and abide by eath and e~ery fhr stipulations, agreements, :onditioni and covenants in sa~d promisswy note and this mo~tgage set forth. 9. That in the event thc ownership of the mortgaged prem~ses, or any part thereof, 6ecomes ve~ted in a person other than ihe MORTGAGOR, the h'.ORiGAGEE, its successora and assigns, may, wirhout nctice to the MORTGAOR, deaf with such successor w successw in interest w~th refe~ence to this n,o-rgage and the dsbt heieby secured in the same n,anner as w~~h A,lortgagor without in any way vi~iating w d~scharging the Mortgagors' liability here- under or upo~ the debt hereby secured. No safe of the Frem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE o~ its iutcessw~ er assigns and no exte~sion ol the time iw the paymenr of the debr hereby secu~ed given by the MORTGAGEE o~ its successws or auigna, shall ope~ate ro releaae, d~scharge, modiiy change or affect the orig~nal Ga6~iiry oi fhe MORTGAGOR he~ein, either i~ whole a in part. 10. tt is specificaliy agreed that time is of the essence oF th~s contract and that no waiver of a~y obligat~on hereunder or of the obligstion fe- ~ cured hereby shah at any time thereafter be held to be a wa~ver of the terms hereof ar of the instrument setured herby. 1 t. fn aod~rio~ to the iorego ng inonthty payrrT:nts of princ ~al a~ interest required by the prom~swry nore secu~ed hereby, mortgagor eovenants ~^d agrees to pay to moctgagee vcith each monthiy payr~;ent an odd~rional sum esnn;ated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ,g: A-AI~ real property tazrs levied or assess_d agai•,st tfic above described reat es~ate. 8-Premiums on flre and w:nsistorm insurac[e as here~n requ:red to be carried on the improveme~ts situatr on the above destribed premises. ' C-Prem~ums on such mortgage guaranty ir.sura~.ce as mortyagee shall from t~me to t~me deem fit ro carry on the loan secured hereby. Mortgagee sha?I from tcme to tin~e netify mwlyagcr ,n writ~~g of the amount d~e a~d payable hereundrr and such sum shall thereupon be due and c atiabte on the due dare of rhe nexr monthty paymenr and each successive month there~fter uctil mortgagee shall notify mortgagw of a change in such ount. $uch sums sF.a;l be appGed by mortgag~e toward the payment of rea~ property taxes, insurence prem,ums, and mwtgage gwranty insurance r~emiumS. IN WI7P1fSS :4HEREOF, ?he said MORTGAGOR Aas hereunto xt his hand ar.d se 1 the day a ear fi~ afo id. ~ i ~ net~. Sealed and d er d in the presence of: ~ sTiuc~~ `~OUNTY FLA. ' ~ •n _ ROCFR PO;TRAS ~ ~a~ j ClERK ~~itCUlT COUR~ ~a~ - RECOk~ VE=~f"~ED~_,_ e ~ Se,l) S7ATE OF FLORIDA SEP 2 ss PH S~ ~OUNTY St • j-UC le ~ OF _ ( Before me penonally appea?ed Mt rtOri J. Rashley and Bet ty Ann Ra sh 1 ey his w1fe, to me well know~n u+d kn0vr~ ~q me to be rhe ind;vidual~ described in and who executed the fwegoing instrument, and acknowledged before me 1F?at they exe~WKf 4~ ~~Ili,.~purposes rhe•ein expreaxd. Md the :a~d- Bet t y Ann Ra s hl ey l • 'i Rashle~? N~fe of ,?K ~;d Merton J. ~ - ~ e¦am~nat~on by me taken separate and apmt from her sa~d husband, acknawledged to and before me thaf sM rceq~t~ •s~yi. ± t~lun- `ar~Iy and w~thout any comp~lsion, constraint, apprehens~on, or fear of w from her said husband. lr ' WITNESS my hand and offiual ual this__ ~ 7~1t. day of $e tember ~ ~~~~"~'t' 1' ~•~~'1r . . °s { .s _ Nofary Pubtic tn ~nd, ~ fb ~ :a1T ,(~t~. - + My Commiuion laplt~ v~'~'"L`! 1 r) Retum To: ~~q~ ~rnt~oA n uacE first fcderal Savings a loan Association R~~. 2$. I915 flY'' iN Of ForJ P,~r~e. ~I;f AklH•ItISUf2fIC! W- . + . . f~.1.t~~1. t.-•.!M'• , Forf Pierce, FEor~da ' i This lnstrument Prepared By 2ichatd K. Kayes First Federal Savings 8 Loan Association 9~`~ of Fort Pierce , Florida Checked By _ . aooK 1g5 ~~2i42 ; ~ - ~ ~ ~ - - . ~ _ _ _ ~ - _ .