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HomeMy WebLinkAbout2418 3. To p:ac~ ar,d conr~nuously keep on tne bul d~n~s now or he~eafter s~ruaie on ia~3 ~and and on ali eq~ipment and perwnally cove~cd by fh7s mo~ sge, w~th all prem~i~ms thereon pa~d in fu:i, fi~e insu~ancr in ~he w~a~ sra~~ard po'ity fwm, in a sum approved bv the MOR~vAGEE, a•~d vv~ndsto ~nsursnce in rha uswl ~~nda.d Fwt~cy fwm,_in a sum approved by the MORTGAGEE, in iuch company or ca~npan~es as ~he ktORi~AGEE m d~rect; •nd all fire ~d wnndstorm ina~rance poGc~es an any of sa~d bui~d~nqs, any interes~ there~n or part ther~af, in ~he ag9rega~e s~m atoresa~d in excess thereof, thall ~on+ain the usual s~anda.d mortgagee c~ause or such o+he~ dause at the Mo~tgagee may roqu:re, meking the ~ost under sa~d po des, each •nd every, payable to sa~d MORTGAGEE as irs inuresf may appear, snd each and evcry wch ~~~cy shalt be promp~:y au gned d~ CI@~~Y@(fd ~ eny held by se~d MORTGAGEE •s fu~ther sewrity to s~id mw~page debt, and, not iess than ten (10I days in advance of the eap~rat~on of each pol~cy, to d. Irve~ fo uid MORTGAGEE a renewal rhmeof, tc~e~he~ wiM a rece~pt for the prem~um of such re~ewa!; a:~d there shail be no f~re or wi»ds~o~m insuranc pl~ced on any of said buildings, any infcrest thr~ein or pan thereoi, unless in the (orm and with the loss payablr at aforesaid; a~d in the eve~t any s.,~ of money becomes payable unde~ such po:icy or polKies uid MORTGAGEE shalf have ~he opt~on to recei~•r arxl app:y the same on acco~.~! oi fhe indrb~~d neu secured hereby a ro Fxrmit sald MORTGAGORS ~o rcceive and use it or any part thereoi lo. ori,er ~IiICOSBS, ~`s~1hOuT ~h~+. or .vc~.+ e• ~~+~a.~~~ ing any equiry, Iien ar right under or by virtue of thu mo:'page; ~~d in tix evero sa~d M0~2TGAGORS shaH :oi any rcason fail to keep rhe sa~d premiies w insured, w fail 1o deliver promptly any of said poliues of inw~ance to sa~d MORTGAGEE, w fail promprly to pay 4uily any prer„~~m theretor or ~n a~y respect fail lo perfo~m, d~scha~ge, exe.ute, effect, comptcte, comply with and +b~de by ~his covenant, or any pa.t hzreof, sa~d MuRTGAGEE may p~ace a~a pay fw euch inswance or sny part thereof wrthout wafving w affectin~ any option, iien, eqvty, or n~ht under w by virtue of this Matgage, and the tutt amount of each and e~Yry such peymem shall be immediatcly due and payable and shall bear interesi from the date ihereo( until pa~d af ~he rare ol mne per centum per annum and to~ether vv;rh such inte~ear shah be srcured hy the lien of this mortgage. To pumit, commit or s~ffer no waste, impairment or deterioration of se~d property o? any part thereof. 5. To pay all and singular the costs, chargcs and e:peRSes, incfud~ng a reasonable arto?ney's fee and costs of aSstracts of title, incurred or paid s~ any time by sa~d MORTGAGfE, because w in ~he event of ihe failure on the ps?t of the said MORTGAGOR to duly, pra-+ptly ~nd fully perfwm, d~uharge. execute, effect, complcre, comply wnh and ab:de by each ~nd every fhe s~ipuiarrons, sgreements, condit~ons, and covenanrs oi sa~d prom~ssory notc and ~h~s ,~,ortgage any w ei~her, and aa~d cosn, cha~ges and expenses, each and every, sha11 be immediately due and payable; vvhether or not there be no~~ce dr mand, attempt to co~fett a suit pend:ng; and the full amount of each end e~ery such payment shall bea. interest from the date thereol umi? paid at the r;,fe oi nux per centum per annum; anc: all said tosts, chargcs and ex,~enses incwred or paid, together w~th suth interest, shall be secured by the Gen oi tha mOft~AfjE. 6. That (a) in the evenr of any breach of this Morrgape or defaulr on the part of thc MORTGAGOR, or (b) in the event ~ny of w~d sums of money herein referred to be not promptfy and fulty paid w~~hin th!rty (30) days next airer the same uve~atly become d~re and payable, without demand o~ nonce, or (c) in the event esch and every the stipu~a~ions, agrcements, cond~~~o++s and covensnts of :a:d prom~uory note and th~s mortgege any p e~thrr are not iuly, promptly and 1ully performed, d~scharged, eaecuted, effecred, completed, compt~ed with and abided 'ay, tFKn i~ eitlur or sny such event the sa~d sg ~regate tum ment~oned in said promissory note then remainir.g unpa~d, with interes~ accrued, and atl moneys secured he~eby, ihall become d~re and pay- ao~e fwthwith, a thereafter, at the option of sa~d MORTGAGfE, as fully and comp~eiely as if ail of the said sums of mo~ey wcre or:g~na+ly stip.r:ated be pa~d on such day, any~hing in sa:d prom~uory nore or in this kbrigage ~o the convary notwithstand~ng; and thereupon w theroa+fe. a~ rhe opf~on of sa~d MORTGAGEE, wirhout norice or demand, suit at law a in equity, thercfore w thereafter brgun, may be prosecuted as if ~II money~ setured hereby n~d matured pnp t0 its institut~on. 7_ That in thc event that at the beg~nntng of w at any t~mc per+d~~g any su~t upo~ ~hls Mortgage, or to foreclose it, or to reform it, or to enforce :i _ ,i_:...: w:.__...±e. ~;a unqTt_:er__cc ~?,~u .~,~,~y rh.. c~,n 1,,.~,ne ~ur~sd~c:~on ~hereof fo? ~he aoao~ntment of • Recerver, such Court ahail fo~thwith appo~M a receive? of said mortgaged property a!! and singular, indud~ng a? and a~ngular tne income, prof~ts, issues and rovenues (rom whatever s~u-ce derived. each and every of whicA, ~t be~ng expressty understood, is he:eby mortgaged as if spec~ficaily set fwth and described in the granring and habendum clauses hereof, and such Receiver si~a~f have a(~ the broad and effec~ive funct~ens and powers in anyw~se er+trusted by a Court to a Recaiver, snd s. ch appointment shatl be made by such Court as an admrtted equity nnd a rna~ter of abso:~re rigM to said MORTGAGEE, ~nd w~thcut reference to the adequaty w inadequacy of the value of the property mertgaged or to the sowency a ~nsoivrncy of said MORiGAGOR a the defendams, and that svch revs, profits, incane, iuues and revenues shall be appi~ed by such Receiver accord~ng to the lien w. equity of said MORTGAGEE and the pract~ce of such Court. 8. To duty, promptty and fully perform, d1Sf{~~~~r p~r(;~iP. rf~P~~~ !(1T~IPRr. COR1D~}~ with and ab'~de by tach and every the stipulations, sgrcements, condit'aro and covenanta in sa~d promissory note and this mortgagc set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part ihereof, becomes vested in a person other than the MORTGAGOR, the 44~RTGAGEE, in succeuws and assigns, may, without no~ice to the MORTGAOR, deal witn such successor or successor in interest with reference to this mo~tgage nnd the debt hereby secured in the same manner as with Mwtgago. w~thout in any way vinating or d~xharging the Mwtgagors' liability hert under a upon the debt hereby secured. No sale of the prem~scs hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors o. assig~s and no ewension of the ~ime for the paymen~ of the oeb~ hareby secured g~ven by t1x MORiGAGEE or its successors w ass~gns, shatl operate ro re~ease, d~schsr9e, modify change or affect the or~g,na! liab~lity of tht ASORT6AGOR hcrein, either in whole or in part. 10. It is spec~ficaliy agreed that time is of the esse~ce of th~s contrad and that no wsive? of any ob!~gat;on hereuode? or of 1he obligation sr i c~red hereby shal{ at any tirrx thereafter be held to be s waiver of the terms FKreof or of the instrument secured herby. E 11. In add.t~o~ to the forego'ng monthly paym=nts of p-i-,c paf and interest requ~red by the prom~ssory no!e secured hereby, matgager covenants ~ :~^d agrees to pay to mo~~gagee r.~th each monrh~y pay.:~ent art add~uonal sum es~~^ ated by mortgagee to be equat to 1;' 12 of the annual c~st of the fuliow- ~ ~n~: ~ A-All real property taxrs (evied w assessed a9ai~s~ the acove describ~d real estate. B-Prem.wms on fire and w;ndsto-m insuracce as nere~n requ.red to be ci~ned on the ~m~rovements rtuate o~ the above descr~bed premises. ~ C-Premiums on wch mortgage g~aranty fr.sura~.ce as mortgagee shail 4rom t:me ro rime deem fit to carry on the loan setured hereby. Mortgagee sha~l from nme to time no+ify mortgagor m wr;s;ng of the amount due and pay~abie hereunder and such surn shall there~pon be due and : ayabie on the due date o4 the ~+ex~ monthiy payment and each successive ~r:onfh thereafrer vreil mortgagee shall not~fy mortgagor of a change in sucfi i ,-,ou~t. Such sums sha:~ be appi~ed by mortgagee toward ~he payment of real property taxes, insurance prem:ums, and mor:gage g~aranty insurance p•emiums. t~ WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first sfwesaid. ned, Sealed a e ereai in e pflxnce of: ~ sn ~ ~ ~ ~j" al) r ($!an ~ ZA ~~17I!@ Se+4 ~ S~ATE Of FLORIDA ' ~ ~ couNnr oF St . Luc i,e j~ ~ Befwe me peno~ally appeared BobMr E' . Rinney a~ ' ~Pl`~le ~L2Tle~ his wi~e, to me well known and knowe+ to a~ f0_ b~ ~ the individwls described in and who executed the fwegoing i~strument, and acknowledged before me that fhey execWed the suo~ fw ;!l~e, ~ufpAlei . ~ rfierein expressed. And the sai le ginne ~ W;,~ of t~~ ~~a Bobby E. Rinney ~~i . i ~ examinat~on by nK taken separate and apan from her said husband, atknowiedged to and before me that she executed s~id ierR~t~sht rooAin- , = tarily and without any compu~sion, constraint, apprehensio ~ yr fear of or 4rom Fxr said husband_ ~ : ' p~ i ~ WITNESS my hand and offc;al seal this a ~ day of December ti~ „ q, D. ~9 ~ • . ~ ~ • ~ ~~j ' Notary Publit in and fw the SAStR~ af PF6(idlrtl.~rp~:~ ~f - My Commiuion ex ` es: ~ ~ _ . , f._` Retum To: " '~r F~rst Federal Sa~ir~gs 6 loan Assoc7at~on rtitEC ~?Kr RfCQa0E0 Of Fort P.e~ce. st `~jE L~~~ Fu' ~ fort P~erce, Flor~da RQtE~ ~0?~R~S ~ ~IERk Ct9CW~~ RE~01t~ ~tE~`tF1ED = This Instrument PreFared By Wm. E. B2~u11 First Federal Savings 8~ loan Association ~~O~~.yO - of Fort Pierce ~ Florid8 ~ = Checked By a ox197 PACE24~5 eo _ ~