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HomeMy WebLinkAbout2217 3. To ptace and com~nvously keep on the bu~'J~~~ga now o~ he~eafter s~tuste on sa~d la~d and on all equipmero snd perwnally covered by thi~ ma p~, with •11 premlums ~hrreon pe~d ~n full, f~re insuronce ~n the u~ual s~anderJ pot~ty foim, in a sum aNproved bY the MORIGAGEE, •~d w~ndsto intuunce in tM usual sesnda~d pofcy fo~m, in a w~n eppro~ad by ~he N10RiGAGEE, in su~h company or comp~n~e~ at ths MORTGAGEE m direct; and all iire snd w~nJstorm insuronce pot~c~es on any o( se~d ~+~~d~~~yt, any inlere~l ~heroin o~ p~rt thereol. in ~h~ +fl9repat~ ~um ~laesaid In txc~t~ IAe?eol, iAall contain the uwal standard mortgagse_ c~avse w tuch otMr dauts •s Ih~ Ma~tg~ge~ m~y requ~r~, makinp ths ba unde~ s~~d po cis~, each ~nd every, payab~e ro said Mt~RiGAGEE a~ ~ts in~rr~~al msy ~ppea~, and each ~nd every tuth polity ~hall be p~omptlY +is y~ed and d~~ivertd ~ ~ny heM by ~s~d h10R1GAGEE es turther tecurity to uid mo~tyage deb?, and, no1 less lhan ten (10) days in edw~xe ol the expira~~oo of e~ch policy, ~o d~ liv~~ to a~id MORTGAGEE a raxwal Ihareol, toga~htr wi~h a r~tr~p1 for the prernium of such rQnewal; and Iher~ thall b~ no f~re or windstor~n iMUranc pl~ced on any of said buildings, any in~eresl there~n or pe~i ~Ixrrof. ~nlrss in the fo~m and wi~h ~he loss payable es ataesaid; and in tM ~~ent •ny ~un of money becomes payabte ~nds~ sucA policy w poGuos sa~d MORIGAGEE shell hsve ~he opt~on fo rece+ve and eppty the sanie on accoum of ~he iodebted ~+eu secured htreby a ~o permil sa~d MORiGAGORS to recefve and u~e it a any per~ the:eol for o~h~~ purposrs. .vt~hout ~hrno~ wa~~in3 0~ unpa~r irq any eq~ity, lie~ or ~~ght under a by vi?tw of ~hi~ mor!~ayr; and in ~ha evsn~ sa~d MORTGAGORS shaU tw any reason fail to kcep the ~a~d p~em~ses so inwred, w fail lo deiive~ pranptl~ any oi said polKies ol insu~ente 1o taid MORTGAGEE, o~ fall prompNy to pay lutty any pre~nium the~efw w in a~y rosped (ail to per(wm, d~~ch~~ge, eaecute, ef(ect, comp~ate, comply wiih and ab~de by th~s covenanl, a any pa~t hareo(, sa~d MORTGAGEE may place a~+d pay fa tuch in~uranc~ w any part the~eof without waiving w affecti~ any optron, tiee, eqv~ty, or righl under a by virtu~ o( this Matya4e, and tht full amoum ol eac~ and every s~ch pay~ran~ ~hall be ~~nmed~ately dw and payable •nd shall bear interes~ from tM date ?hereo( until paid at the rat~ ol nine pcr tentum per annwn a~xl to~rthcr with suth ii~trr~s~ shel~ L•e siwred by Ihs lien of this morlyage. 1. To p~tmit, tommit ar su(fcr no waste, impairment or deter~oration of sa~d property p~ny part thereof. 5. To pay all and singular the costs, chargea and expa~ses. i~cluding a reasonabie a~torney't fee and costs of sbstracK oi title, incuned w p+id +1 eny time by wid IKORiGAGEE, because a i~ tAe event of the failure on the part of ~he said MORTGAGOR to duly, promptly and fully po~form, d~achargs, executs, etfect, canplet~, comply w~th and ab:de by each and e~ery the stipular~ona, agreemenls, cond~t~on~, and covenants o1 ~aid promiswry nore and thu matgage any o~ e+~he~, end sa~d costs, charges and exprnses, each and eve~y, sMtl be immedia~ely dve and payabte; whether w nof tlxre be noike dc mand, attempt to collect or suit pend~n9; end fhe full a~nount of each ard every such payment shall bea. inreres~ (rom Ihe date thereof umil paid d the ~a~e o~ nine per centum per annum; and all sa~d cosn, charges and ex;.~enses intwred or paid, together wuh such interest, shell be secured by ths lien of fbif mortyape. , d. That (a) in the event of any breach of this Mo~tgage or default on ~he pa.t of the MQRTGAGOR, a(b) in the event any of sa~d iums of monay hereio refe~red lo be oOt promptly and fully pa~d wifhin th~rty ~3J) deys nex~ aftcr the aame sereratly oecome due and payaWe, without demand or notke. or (cj in the eveM each and every the stiputations, agrc~eme~~ts, condit~ons and cove~ams of sa,d promissory note and th~s mo~tgape a~y w either are nof ' iuly, p.omptly and fully perfwmed, d~xharged, executed, etfeceed, co~nple~cd, complied w~th and abided Sy, then in eitix~ w any such ewm 11» s~~d ag gregate sum rt+entioned in said prom+ssoty note then rr~»aining unpa~d, w~th in~erest accrued, and atl moneys setured hereby, fhall become due and p~y- able forthwith, w thereafter, a~ tF+e opt~on of seid MORTGAGfE, as ~ully and completely bs ii ell of the said sums of money were a~ginally stipulated ro 6e patd on suth day, anything i~ sa.d prom~asay note or in this Mortgage to the contrary notwithstandng; and ~hereupon er thereafte~ at th~ option of seid MORTGAGEE, without nonce or demand, suit at law ot io equny, therefore o~ thereaher begun, may bt (xosetuted a~ if all mw~eys s~c~r~d hsreby had matuted pr~w lo ds ~nal~tut~otf. 7. lhal in ths event that st the beginn;ng of a at any time pendi„g any suit upoR this Mortgage, o~ to faeclose it, a to re~orm it, w to enforc~ payment of any daims hercunde?, said MORTGAGEE shall appty 1o the Court having ~u~~sdiction thereoi for the appo~ntment of s Receiver, such Court shall For~hwith appoint a rccciver of said mwtgaged property all and singutar, includ~ng all aru! singular the irtcon~e, p~ofits, issues and revenuef from whatever sev.ce derived. each and every of wh:ch, i~ be~ng expres~ly unders~ood, is Fereby mo.tgaged as if spec~ficalty set forth a~+d desuibed in the 9ranting and haFxndum clauses hereof, and svch Receiver shalf have ell the braad and ef(echve (unct~ons and powc~s i~ anywise entrusted by a Courl to a Receiver, and s~ch appointmen~ sha11 be made by such'Court as en ad~nitted equity and e rnatter of absol~te righ~ to said MORiGAGEE, and wi~hovt referente to the edequacy a inadequacy of the value of the property mwtgaged or to the so~vrncy or ~nsolvency oi said MORTGAGOR or the defe~dants, and that such rents, profits, irxane, iasues and reven~es shall be applied by such Rece~ver accord~~:g to the lien w equity of said MORTGAGEE and the pr~ct~ce ol such Court. 8. To duty, promptly and fully perform, d~scharge, execufe, eifec~, complete, comply wi~h and abide by each and every the itipulations, ~greements, conditio~s and cove~ann ~n sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownersh;p o( the mortgaged pren,ises, or any part thereof, becomes vested in ~ person other than the MORTGAGOR, fM 7~~ORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal w~th such successor w tuccessor in interest with reference to this mortgaqe and the debt hereby secured in the same manner as w~th Mor~gagor w~thout in any way vitiating d dischargi~g the Mortgagors' liability here~ u~der w upon the debt hereby secured. No saie o1 the Freo~ises hereby mortgaged and no (orbearen~e o~ 1he part of the MORTGAGEE or itt sutcessors or assigns and no exrensio~ of fhe t~me for the paym.ent of ~he debt hereby secured given by the MORTGAGEE or its tuccessors w au~gns, shtll operate to reiease, d,scharge, modiFy thange or affect the oriy~nai l;ab;l~ty of the MARTGAGOR here~n, either in whok w in part. 10. It is spedficaliy agreed that time is of the essence of this conrract and that no waiver of any obligat~on hereunder or of the oblipation ss- cured hereby shall at any time the~eairer be hetd to be a wa~ver of tFu terms hereof or o1 the instrument secured herby. 11. In add.t;o~ to the forego ~zg month!y paymems of princ pal end interest requ~red by the prom ssory no!e secured hereby, mortgagor covenants and ag~ees to pay ro moctgagee with each month•.y pay~.~ent an add~rional sum esr~n,ated by mortgegee to be equal to 1;`12 of the annual cost of the follow- , „fg: A-All ~eal proper~y taxas lev~cd or assessed agal•ist thc above described real estate_ B-Pram~ums on fire a~d w~r.dsto:m insurarce as herein requ~red to be carried on the im;:rovements situate on the abovc destribed premises. - C-Vrem~ums on s~ch neortgage guaramy insurar~ce as morrgagee shatl from ~~me to time deem fit to carry on the ban secured hereby. Mortgagee sha~l from r~me to time noti(y mortgagor in writ~ng of the amount due and payable hereunde~ and such sum shall therevpon be due and i ~ayable oo the due da+e of ~he ne•t month'y paymem and eacfi successive monfh thereafter un~il mortgagee shall notify mortgagor of a chaoye in s+xh ~ a-~cun?. Such sums sFa:! be appiied by mwtgagre roward the payment of real property taxes, insurance prem:ums, and mortgaye guaranty insurante p~emiums. ~ WITNESS VVHfREOF, the sa~d MORTGAGOR has hereunto ut his hand and seal the day and year first aforesaic3. Si , Se~led and de ' prexnce of: ORQEQ ~ pKp REC C~.~ f 11E0~1~ COUMIY f L1?- (Seaq - St ~OGE~ F01tRA5 ~ - - CIER ~EQ f1E0 COUIt (se.4 - RF~oRa Ph~11 5 i ATE Of FLORIDA 2, CJUNTY OF S L. I.l1C 1 e ~ deiwe me peno~auy appea?ed _ Chal les Camacho, a single adult ~ ~7~ to me well known and known ro m~ to b~ the ind~vidual~descr~bed in and who executed the foregoiny instrument, and acknowledged before me that/Fhe~ executed the same fw th~ pwpw~s iture~n expressed. 7~R~[~~"Jld - 101~U0~li71K70fiG- - ~x~x+i~~lrx~X#xva~~e~ex~dc~x~tOdoxOordcxoe~e~[~~t~[~stee~cx~cx~ce~aoc~~ac :~fi~fl~?c~~C'!l'~l°Jt~c9daHrf~x~n9~cs~lc~i~tac~rla7d~~~eoxoboc~tnncfec~bmd• . ~ WITNfSS my hand and offic~al seal this_ day of_ Se ter~be '~?..D. 10-~.:~ ri> - ~ ; - ~ • ~ ' ~ ~ ~ ' ~ ofary Pubiic in s f the Staf~ ~~lo~it~i at 1Mpw: My Comm~sseon ~apires - " b _ aerum to: ~ „ • _ . 1.~i Sy~t~ _ Fi~st fedcrsl $avings b los~ Associat~on ~It~ . . ` ' { ~ ti : 0{ Fo~t Pe:ce. Q~l'1 _ .n. xv,.'~ Fon P:e+ce. Flonda ~ • i ~ f~ 3 a ~ This Instrument Prepared By Richard K. Kayes First Federal Savings b loan Assoc+ation of Fort Pierce ~ F lor ida Checked By $UOK~~+~+ ~'{~~V , - - ~z ~ ~ .