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HomeMy WebLinkAbout2743 J. To placY and co~tin~wus~y keap on tM bu~:dings now w hereaiter utuats o~ ~aid land ond on ali equipment and p~rton~lly cov~red by th~+ ma •g~, w~th •11 premiums ~hereon pa~d in lull, f~re iniunnce ~n ~he uiual ~~andard policy form, in a ~um app~oved by the MORTGAGEE, and w~~i~o +nsur~nct in tM uswl ~undard pol~cy fwm, in a sum approved by the MORTGAGEE, in such tompany O? tomp+n~es +s 1M MORiGAGEE m d~rect; snd ~II (ir~ and w~ndstorm insuroncs polic~es on any of ts~d build~~pi, +ny inter~st tMrein o~ part thereof, in th~ a99reg+re wm afwesa~d in eace~s thereof, shall co.~tain the uwsl s~andard mongagee c~~u~e w such o~her claus~ ~s th~ Mortgag~e may requ~~~, makir?p the toi~ v~de~ sa~d po uet, e+ch ~nd we.y, payab~~ w saed MORTGAGEE as ~ts intereit may ~ppea?, and e+ch ~nd ~ve~y ~uch policy ~hatl be p.anpHY au g^cd ~r.d de<i~e~ed ~ •ny heM by said JNC?RTGAGEE as lurth~~ Kcuriry to iaid mortpa9~ debt, and, not kss than ten (10) d~ys in sdvance of tF+e •xpiration of ~acfi policy, to d. I~vc~ to said MORIGAGEE ~ re~ewal lhereoF, foqe~Mr with ~ ~ece~Pt iw Ihe premium of such renewal; snd ~here ~hall ba ~o fire or windsform insuranc plscsd on ~ny of sa~d bu~~d~r+ps, •ny iroc~est there~~ or part thercof, unlesa in ~he fo~m and with th~ loss payable as afores+id; and in ~he event any sun of money becomes payab~e under such policy w policies sa;d MORiGAGEE shall have the option ~o receive and apply the s~me on accouro oi the indebted neia secured hereby w to permit said MORTGAGORS to receive and use it w•ny part thereof for othcr purposes, .vi~hout fherto~ waiv~ng or unpair ~ng any eqv~ry, I~en w ri9ht under or by vir~u~ of this mo:tpage; ~nd i~ the evcnf sa~d MORTGAGORS shall fa any reaion fail to keep the said premiars so ~niurrd, a f~il to deliver promptly any of said polxies of insurance to sa~d MORTGAGEE, or fai! promptly to pay fully ~ny pre~nwm the~efw o? +~Y respect fail lo pa(orm, diuharge, execute, sffect, complete, comply wiih and ~bid~ by thif covenant, or any part hereoi, ssid MORTGAGEE may place a~:d pay for such irourance or any parl thereof without waiving or ~ffectiny any option, lien, equ;ty, or righe under o~ by virtue of this Matga9e, and the f~ll amounl of cxh and avsry tuch paymem ahslt be immediatety due and p+yable ~nd shall be+r interes~ from the date thereof until pa~d a~ tha raie of n~ne per centum per annum and to3Nher with iuch interest shalf be secured by the lien of thii mwt9aye- 1. To permit, commit or suffer no wu«, impairme~t w detcrioratio~ of said property w any p~A lhereof• 5. To pay all and iinyular the costs, cMrges and ezpenxs, including a reawnable attwney i fce snd costs of abstracts o/ title, inturred or paid a1 any time by said MORTGAGfE, betause w in the ev~nt of 1he failure o~ the parl ot the said MORTGAGOR ro duly, promptly ~nd fulty perform, d~stharga. r.xecvte, eifett, complete, comply w~th and ab:de by exh ~nd every the stipulat~ons, a~reements, conditions, +nd coven~nti of sa~d pror*~~swry no~e and ~hi~ t mor~pa9e any or eieher, and said cosn, charges and expense~, exh and avery, shall be imrt+ediately due and p+ysble; whether w not r~~are be not~ce de~ mand, sttempt to collect or suit pend+ng; and tix fult amount of each and every such pa~r*+-:nt shall bear interest f~om the date thereof until p~id at the .are o~ ninc per cz~~:;~:r per annurn; and al! said costs, charges and e:pensef incurred a paid, together w~~h such interest, shall be secured by the lien of thw mon9ays. b. That (a) in the event of ~ny breach of this Nbrtgage e~ de4ault on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money ~ herein referred to be not p~omptly and fulty paid with~n th~rty {3p) days next after the sa.re severalty becomr due a~d payable, without demsnd or noeice, cr (c) in the event each ~nd every the stipulations, agreemenn, cond~rions and covenants of sa~d p~omisso~y note and th~s mortgage any o~ either are no1 i~ly, promptly and fully perfwmed, d~uharged, executed, eftected, completed, comp~~ed with and abided by, tl+en in e~ther or any such event ths said ag gregstt sum mentioned in uid promiuory note thcn remainin9 unpaid, with interest accrued, and aN mo~eys sccured he~eby, sha~l become due and pay- a0:~ forthwith, a thereafter, at the opt~on af saSd MOP.TGAGEE, as fvlly and complete~y as ii ~II of the sa~d sums of money were origin~fly itipulated ro be paed on such day, anything in ss~d prom~sswy note or in this Mwtgage to the conrrary norwi~hstsnd~ng; and thereupon or there~fter at the opnon of sa;d ,V10RTGAGEE, w~thout not~ce o~ demand, suit at law a in equity, therefpe o~ thereafter begun, may be prosetuted as if all mw?eys setured hereby r,ad matured pr~Or fo ~ts institutqn. 7. That in the event that ~t the beginn~ng of w st any time pending any s~~t upon this Mo.tgage, w to fweclose it, or to refwm it, or to enforce payment of any claims hereunder, said MORTGACsEE shati appty to thc Court having ~urisdiction thereof ta the appointn+ent of • Receiver, such Cou?t shail Fcrthwith sppoint a receiver of uid mwtgaged property all and singuiar, includ~ng aIl and singular the income, protits, issws and revenves irom whatevtr scurce derivcd, each and every of wh~ch, it being exprrssty ~ndersrood, ia hereby mortgaged as ~f spec~licalty set forth and dexribed in tFx g~anring snd habcndum clausK hereof, and such Reteiver sAall have all the broaA •nd effeaive ~unct~o~s and powers in anywi:e entrvsted by a Court to a Reteiver, and s. ch sppointment shatl be made by such Court as an admitted equity and a matrer of absolute righf to taid MORTGAGEE, snd without reierence ta the adequacy or inadeq~acy of the value of the property mw~gaged o~ to the so:vency w~nsolvency ol s~id MORTGAGOR a the defendants, and that such renrs, profin, inca~x, issues and revenues shall be applied by such Receiver accwd~ng to the licn or equity oi said MORTGAGEE snd the practrct of such Court. 8. To duty, promptly and futly perfwm, discharge, exccute, effect, complete, comply with and ab~de by each and every the stipulations, agrecments, conditions ~nd covenanfs ~n sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other lhan the MORTCaAGOR, the 4'ORTGAGEE, its succeuo?s and assigns, may, wiihout notice to the MORTGAOR, deal w~th such succcssor or successor in interett with reference 1o thi• mo~~gage and the debt hereby secured in the same manner as with Mor~gagor withovt in any way vit~atiny a d~xha~ging the Mortgagors' liability here- ~nder or upon the debt hereby secured. No sate of the premises hereby mongaged and no fwbeara~+ce on the part of the MORTGAGEE or its successws o* ass~gns ~nd no exte~s~on of the time fa ~he payment of the debt hereby sec~~ed g~ven by the MORTGAGEE or ~ts tuccessori or au~gns, stiall operate ro release, d~xharge, modify change a affect the orig~nal Iiab~Gty of the MORTGAGOR here~n, either in whole w in part. 10. It is spec~f~calfy agreed tha? time is oi the essence of this contratl and that no waive~ of any obligation hereunder or of tF~e obligaYan sr c;.•red hereby shall at any time thereafter bt held to be a waiver of the terms hereof o~ of the instrumem secured herby. I1. In aod;tion to the fwego:ng monthty ~+arments of princ pal and interest required by the prom~swry note secured hereby, mortgagor covenants and ag~ecs to pay to mortgagee with each monrhly payrr.ent an add~~ional sum estimated by mortgagee to be equal to 1;~ 12 oi the annual co~t of the follow- '~'9: ` A-All real property taxes tevied or assessed agai~st the above described real estate. ~ B-Premiums on fire and windsto+m nsurance ai here~n requ~red to be carried on the im~~ovements situate on the above described premius. C-Prcmiums on such mortgage gua~~ty ~rtsurar,ce as mortgagee shall f~om t~me to time deem fif to carry on the loan secured hereby. Matgagee shall from time to t~me no~~fy mortgagor in writ~ng of the amount due and payable hereunder and tuch sum shatl thcreupon be due and Fayable on the due date of the rtext month'y payment and each successive month thereafter ur,til mortgagee shal! notily mortgagor of a change in such f a^~ount. Such aums shall be app:ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mo~tgage guaranty insurance i p•emiums. ~ IN WITNESS WHEREOf, tFK sa~d MORTGAGOR has hereunto xt his hand and seal the day snd year first aforeseid. ~ Siyned, and deliver~d i~ the presence of: s sq P R ~ eilly 15h (Sean • • ~ - ~ lorence M. Pazish ~a~ ~ ~ sraTE oF F~oaion ~ ~ St. Lucie ~ courm oF ~ Befwe me personally appeared ~nzy Parish .~d ` F lor ence M. Par i sh his wife, to me well known and k~own to me to b~ ~ ~he individvals desvibed in and who exetuted the foregoinp instr~rrunt, and stknowledped before me thst thsy execytMF M1lr °~arqr~~ fOr the pwposes ~ • rr,~.~M .xpressed. ~u,a rhe s,~d Florenee M. Parish ~~~_~~,_=~_.`;'~y i ~ Henr Par i sh ' ' i~ wife of the said y , i~?i? a rfi and pr at~ ~v exam~nation by me taken separate and ~psrt from her ssid husband, sckrawledged to end before me fMt tF~e execuA~~~if~t~q1~M 4rN1~/ u?d volun- _ rar~ly snd witho~t ~ny compulsion, constraint, ~pprehens,on, or f~ar of w from her said husband. - ~ 1 ~ = /Q ~ d, embe r • 71 - WITNESS my hs~d ~nd offitial teat this y of • ~ D. 19 _ ' • ~ j 1 a 'w~ . _ Not~ry Public .~,a fa.,+r.~ F wr~:~'y'.~o. ; My Commiuan expites: l~~d~~~~~~a~ ~QRIDA at LARG~ ~5 Return To: S~ I'~ ~rt' ~ Fint Federal Savings a losn Aaiociatiw+ Mr WN,~. ~~F7(p1R{S SEPT. 25, 1915 Of Fort P;erte. a E ~Y •baniers Insurarxe w, - ftlED ANQ gECQ ~ Fon Pierce, florida S1.lVC1E COUN1Y U ; ftOCE~ r~ITR/?S l - ~LERK C1=•CU~1 COURT ? RfC04~~J wER1f1E0 ;,r This Instrument Prepared By John W. Col~in~C 10 39 AH~~~ First Federal Savings b loan Association of Fort Pierce , Florida Checked By ~ 2203'79 s°aa~ c ~97 ~z~ r ~~7 ~ • :.ZF . s _ _ . _ - ~ _ - - .