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HomeMy WebLinkAbout2571 ' ~ / 3. To piace and cominuo~sly keep on the bu~'d~ngs now or herca(~er ~~tuate on said land and on all equ~pment and per~onally covered by this ma age, w~Ih all premiums ~hereon pa:d in fuH, fire insuronce ~n ~he usual standa~d policy torm, io a sum approved by the N10R(GAG~E, and windsto insuronte in the usual s~andard pol~cy for~n, in a sum apFuoved by the MORTGAGEE, in such company o? tompan~es a~ the MORTGAGEE m d~rect; a~d atl firs and wlndstorm insurance poliaes on any of sald kwiid~ngs, sny iroere~~ :herein or part thereof, in the ~ggrega~~ ~Om ~1ore~aid in exceu ~hereof, shall :ontain the usual standard morlgagee ciause o~ such othcr clause as Ihe Mortgagee may requ~re, makinq the ioas unda sa~d po ~ cies, each and every, payab!e to said h10RTGAGEE aa its interest may appear, and each and every such polfcy shall be promptly sss g~xd and de~ivered + any held by said MORiGAGEE as fu~~her setuiity to seid mortgagr dabt, and, ~ot less than ten (10) days in advance of the expiration of e+ch policy, fo tk ~ liver to said MORiGAGEE a ronewal thereo(, toge~h2r with a rece~pt for ~he pre~nlum of such ~enewal; and IherQ sh3i1 be no firo or windswrm iniurant placed on any of said build~ngs, any inte+est there~n or ~art thereof, un!ess in the form a~x! w~1h the ioss payahle as atoresaid; and in the eveM any sun ot money becomes payable undcr such policy or po~~cies said MORIGAGFE ah.~l! have ~he op~~on to receive a~~d appty Ihe same on account ot the indabted ness seturet~ htreby o? fo permit faid MORTGAGORS to reCeive and ule it or any part the:eof ior oinrr purposes. ~vithout th:.eu/ waiving or ~+npair~ ing any eq~ity, lian or riqht u~der or by virtue of this mo:'gage; and in the event said MORTGAGORS shall fq any reason fail to keep 1he said premisra so insured, w fail to deliver promplly any of said po~~ues of inaurarxe to sa~d MORTGAGEE, or iaif promptly to pay (ully any pre~nium therefor w in a~y respecf (ail to perfwm, dischar~e, execute, e(iect, complete, comply wi~h and ab~de by this tovenant, or any part hereof, said MORTGAGEE may place a~~d pay for such insurance or any part thereof without waiving w affecting any op~ion, lie~, equity, or right under w by virtue oF this Mortgage, and the tull amo~nt of each and e~ery such payment shall be ~mnx•diately due and payable and shall bear iMCres~ from the date thereof ~ntil paid at ths ~ate o1 ~ine per tentum per ann~m and togethrr w~th such interest shaf~ Ge stwred by the lien ol this mortgage. t ! I. To permil, commif a wffe~ no waate, impairment or detenoration of said property or any part thereof. S. To pay all and singular the costs, charges and expe~ses, including a reasonable attorney's fee and costs of abstracfs of title, inturr~d w paid st ~ any time by said MORTGAG:E, because o~ in the evem of the iailure on the part af the said MORTGAGOR to duly, promptly ~nd fully perlorm, d~xharge, t ~xecute, eifeu, complere, comply w~th and ab:de by each and every the st~p~ta~~ons, agreements, conditiau. and covenan~s of sa~d promissory note a~d this ~ morrgage any or e~ther, and sa:d cosrs, charges a~d eapenses, each and every, shall be immediatety due and payabte; whe~her w not there be notlce d~ j mand, attempt to collect or suit pending; and the full arnount oi each and every such payme~t shall bea. interest from the date thereof uroil paid at the j r.~te o? nine per crnt~m Exr annu:n; and afl said costs, char~es and ex~nses mcurrcd or paid, together with such interest, shall be secured by the lien of this ! morfgage. 3 6. Th~t (a) in the event of any breach of this Nbrtgage w default on tF~ part of the AtORTGAGOR, w(b) in the event a~y of ss:d sums of money herein re4erred to be aot pranptly and fully paid within ~hirty t30} days ~ext afrer ~he same severatfy become due and payabie, without demand u notice, er (t) in the eveM each and every the stipuiations, agreements, cond~s~ons and covenann ol sa;d promissory note and th~s mortgage any or either are not ~uly, promptly and ~ulty perfwmed, d.scharged, executed, effected, completed, complled w~th and abided Sy, tFxn in e~ther a any such eveM 1he s~id ag gregate sum mentioixd in said promissory note then re~naining ~npaid, with inrere;t accrued, and alt moneys secured hereby, shal) become due and pay- aole (orthwith, or the~eafter, at the op~~on ol said MORTGAGEE, as tuiiy and completely as if all of the said sums of money were orgirully tlipulated to be paid o~ suth day, anything in sa.d prom~ssory note or in th~s Mortgage ~o the co~trary notwithstanding; and thereupon or thereafter at the opuon of sa~d MORTGAGEE, withoul notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured ptiw to ~tt instiWtion_ 7. That in the event that at the beginrt~ng of or at any time pend~ng any suit upon th~s Mortqage, o~ to fdeclose it, or to refo~m if, or to enforce payment of any claims hereundet, said JNORIGAGfE shail apply to the Co~rt havi~~g ~ur~sd+c~io~ thereof ta the appointment of a Receiver, such Court shall fcrthwith appoinf a reteiver of said mortgaged properfy all and singular, inct~d~ng aN and singuiar the income, prolits, issues and revenues ftom what@ve~ seurce derived, each and every of wh~ch, ~t being ex~ressfy unde~s~ood, is hereby mo~tgaged as if spec~fitally set fath and deuribed in the granting and habendum tlauses hereof, and such Reteiver shall have all th~ b:.wd and effective funet,o~s and poweis in anywise entrusted by ~ Court to a Receiver, and s~ch appointment shall be made by auch Court as an ad~niited equity and a n:atfer of abso~ute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mo.tgaged or to the so~vency or ~nsotvency oi sa~d MORiGAGOR or the defendants, and that suth +ents, •profits, incane, issues and revenues shall be applied 6y such Receiver accord~ng to the lien or equity of said :MORTGAGEE and the prattite ot such i Court. ! 8. To duly, promptly and fully perform, d~sch~rge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, conditions and covenams in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any pa~t thereof, becomes vested in a person other than the MORTGAGOR, fhe N.ORTGAGEE, its successors and ass~gns, may, without not~ce to the ~tiORTGAOR, deal wi~h such successw or svccessw in interest with reierence fo this morigage and the deb~ hereby secured in the same manncr as with Mortgagor w+thout in any way vit;etirtg or dixharging the Mortgagors' liability herr ~nder or upoe the debt hereby secured. No sa:e of the premises he~eby moitgaged and no forbearance on the part of the MORiGAGEE o~ its successors ~ or assigns and no extension of the time ior the payment of the de6t h~reby secu~ec! given by the MORTGAGEE or its successors w auigns, shall operate ro release, d~scharge, modify change or affect the orig~nal liau~l~ty of the AM1ORTGAGOR herein, either in whole w in part. ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatio~ hereunder p of the oblipation se- ~ cured hereby shali at any time thereafter be held to be a wa~ver o4 the terms hereof w of the instrument secured herby. + I 11. In add~t~o~ to the fwego'ng month!y paym~nts of princ paf and interest requ~red by the prom;ssory no!e secured hereby, mortgagor eovenants ar,d agrees to pay to mortgagee vvith each monrhiy ~;ay~.~ent an add~~~onal sum ev:mated by mortgagee to be equal to 1%12 of the annual cost of the follow- ing: A-Atl real praperty taxes levi~d or auessed agai•~sl ~he above described real esrate. , B-Prem~ums on i~~e and windsto~m inwrarce as hercin r~u~red to be carried en the ~mp~ovemeits s~tuate on ihe above described premises. C-Premiums on such mortgage guaranty ir.swa~.ce as mortyagee shatt frone ume ro time deem fit to carry on the loan secured hereby. Mortgagee sha~l from time to t~me noa~fy mortyagcr ~n writ~ng of th~ amovot due and payable hereundrr and such sum shall thereupon be d~e snd r.a;able on the due date of ihz next month:y payn,~nt and each wccessive month rhereaftcr ur,til mortgagee shall not;fy mortgagor of a change in suth 'I ount_ S~ch sums shaii be apptied by mortgager toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance ~~•emiums. ~ IN WITNESS 1NHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year firsf aforesaid. Sgned, Sealed and ivered the presence of: ~ ` ' s~ - Ja s L. Robezts Jr. ~ ~ n _ _ Ma? tt s,arE oF f~oaion ~ ss. COUNTY OF SL .L4lCle ~ Before me personaSly appeared Jau~es L Roberts, .J= . and F, . _ ~Z~/ Yvonne Roberts his w~fe, to me well known and kno~q'18 Ih~;io b~ the individw{s desuibed in end who executed the fwegoing instrument, and acknowiedged be(ore me that they executed thq, s~ntl~'~-N~,~YfpPfN ' th~rein expressed. And the sa~d_ ~rY Yvonne Robests 'S a _ ~ Jan¢s L Roberts Jr. ~ N~~e of the said - • i t~Qn ~~s~pNAf~ ~1 p11e?~t~ ~ e,am~nat~o~ by me taieen sepa~ate and apart irom ner said 'nusoand, ac4nowiedged ~o a.xi oefore me ftwl she execvt s.:d jp~rYl~eTi ft~lly i;ifl 'vQ~iRh ~ ra~~iy and w~rhout any compufsbn, consire~nt, app~ehens ~ or fear of a from her u~d husband. Q ~ • iG+ ~ , ~ 1. . . , ~ .E~ ' WITNE55 my hand and offic~al seai fh~s_ day of S t@0~lr ^'i'~~ • ~A..Aj 19:~ ~ •~~.f , ~ N sry Public in • ( iF?e StaH o~~ ,,jiy~ida~'`~~e,```~~y~S' My G+mm~ssioo expires! ' i, t~1, _ ~ Rttum To: ~ •M/:h:iilt ~ F~nt federsl Savingt 6 loan Aswuat~o~ NOTARY PUBLIC STATE OF~FLORIDJI AT LAftdE oi Fo•r v e.ce MY CO..:MISSION EXPIRE',, M~•.R. 2. 197~ 216113 ~NERAI INSUttANCE UNDERWRITERS, INC. fort P~PrCe. ftOride fILED Ah. KECOa0E0 t UCIi_C~UMTr FLA• ; This Instrument Prepared By J. D. Chast~?i~p~~~ ?J~j~AS l : First Federal Savings 8~ Loan Association CtERK ~'{C~~T COURT ; of Fort Pierce ~ Flozida itfCOR" ~E~~f~EO ~ Checked BY ~ 1~ 2 sz PM ~ S ~ ~ aoRa~1~.I ~2'S~ ~ _ - - - : _ . • "d Ci•: `~_r _ I 5 `*a•-~ 4~`.~'.~+asN +~~,~..~m.: E_~S', s3'~. . . . . .