Loading...
HomeMy WebLinkAbout1991 3. To ptace and continuous~y keep on the bu~.d~ngs now or hereaher s+tuate on sa~d ~and and on aC ep~~p^~e~t and person~lly coverrd by ~his mo~ ege, w:th a~l premiums thereon po~d ~n iuil, t~re ~ns~ron;e ~n tt~e ~svat s~o~daid pol~cy fo~m, in s sum eppro.rd by the MOR~G:.GEE, a~d w~nd~to msu~ante in thr us~al itanda.d po~~cy form, m a sum eppro.ed by the MORTGAGEE, in such company or torr.p~n:es as the MORi'vAGEE m duett; ~nd all (ire and w~ndarorm inwrance po~~aes on any of •aid bu~~d~~gs, sny iroeresi the.ein or pati thercof, in the aggregare sum aforesa~d ~ ` m e+cccu ~hereol, shall contain thc us~al sta•~dard morrgagee ciau:e w sucfi other clause •t the Mwtgagee may requ.re, maAing the ~ess u~+de~ sa~d po c~es, each and every, payable ~o uid MORTvAGEE as ~rs imerrs~ may sppear, a~d each and every tuch po'~cy shall be pr4mpt~y ass g~rd s~d de:~vered + eny held by ia~d MORTGAGEE as fw~her sxuriry ~o u~d morigage debt, and, not ieu ihan ten t10f day~s in ad~ance oi +he exp~~at~on o+ each po:~cy, to d~ L~e? to said MORiGAGEE a renewal thereaf, to~e~her w~Th o rrce~pt for the przmium of such rencwaf; and there shail be no fae o~ w•~»s~o+m ~nsurorx ptaced on ~ny of sa~d bu~~d~ngs, any intertst there~n or part therrof, u~ ess in the form and w~th the ~ou payable as afore~aid; a~d in the evem a~y s~~ of mpney becpmes payable unzler such policy or poi~c~es se~d thJ~TG~.GEE shall have ~he op~~on to rece~ve and appiy the sarre on acco~~t of the ux~rbf~•d ness secured he~eby or ro permn sa~d MORTGAGURS ro recr~ve and use it or any part ~he:eof tor orne• p~r~.oses, v„{~~~t ~h ~3 0~ ~•^P~~• +^g any equ'ay, Geo or nght under or by v:::;re of this mc-~gage; and in tht event sa:d MORTGAGORS sha!t ~o~ any reason fai! ~o keep ~he sa:d p•cm~ses w insured, or fai~ to del~ver promptly any of sa~d pol~ues of ms.,rante to sa~d MORIGAGEE, or fa~~ promptty to pay f~~ty any pre :~~~~n theretor oi ~n a~y respect fail to pe+form, dscha~ge, eiecute, effect, compiete, co•npiy wirh a:id ~5~de by th~s covenanf, or any part hareoi, sa~d MGRT~i.G~E may p:ace a o pay for such insurance or any part thereof w~thout waiving or affeaing any opt~on, iien, cqu•ry, or r:ght under a by v~rrue of rhis Mcngage, and ihe +uli amount of each and e.•ery s~ch payment sha~l be ~mmed~ately d~e and payab!e and shai~ bear interest from the daie thereof un~~l p~~d at the rate o} n~ne par cenrum pe~ annum and to3cther wnh wch inTer~st sha~: be secured by the iien o1 this mortgage. 4. To permit, commit w su4ier no waste, impairment or de:erioration of said property w any part thereof. 5. Ta psy all and s+ngvlar the costs, charges and expenaes, ~nciud~ng a rea~onable anorney's 1ee and costs of abstracti of Iitle, in:ur.cd w pa~d a+ r~y time by sa~d MORTGAGfE, because or in the eve~t a1 the fa:iurc on tix part o~ the sa~d MORiGAGOR to duly, pro:nprly •nd fv!ly perform, d~xhuge e,ecute, effed, complete, comply w~th and ab de by e~th and every ttic stip~lanons, agreements, ca~d~fions, and covenanrs of sa~d prom'ssory note and ih~• ,,ortgage eny w either, and sa:d cost:, charges and expenses, rach and every, shati be immed~arely due and payabtr; whcther or not there be no+~ce d~ mand, attempt to co:lect or svit pend~n9; and the f~ll amount of each ar~d e~ery s~ch paymeni shalt bear imeres+ from the date thereof until paid at ~he ~.~•e oj mne per cenrum pc. ann~:n; and ali sa~d cos~s, cna:ges and ex~rr~ses ~ncurred w paid, together w~th svch intere:t, shaU be setured by the I~en of th~s mottga9e. - 6. That (a) in the event of any breach of this Mortgage or deiault on the pan of the MOR7GAGOR, or ;b) in tfie event any of sa:d sums o( money herein refe~red to be not promptly and fu~ty paid w~rhm tnr.ty ~301 days r.ext a~~Pr the sa-*+e severe':y become due end payable, wifhout demand or not~ce. 't~) the event each a~d every the stip~,~anons, agreemeMS, tond~tions and covenanrs o~ sa,d promissory note and th.s mortgage any w either are no4 iu!y, p+ompt~y and fully performed, d~scharged, executed, e~fected. compkted, compfied w~th ar.d ab~ded Sy, then in erther w e~y such evem the sa~d sg a•egate sum menrloned in said prom~ssory note then rema~n~ng unpa~d, wrth mfe~esi accrued, and a:l moneys secured hercby, shall become due and pay- ab.e lathwith, or thereafrer, at the opt~on of se~d M021GFGEE, as f~~ly a~d comp!e:e:y as il a~~ of the said sums of money were ong~ns~ly st~pv:a~ed ~c be pa~d on such dey, anything in sa:d prem~ssery note or in this Mortgage to the conr.ary notwt~hsfa~d~:~g; and thereupon or thereafter a~ the opuon of sr, d MORTGAGEE, without not~ce or demand, suit at law or in eq~~ty, fhere~ore or thereaher begun, may bt prosecuted ~s if all moneyt secured F~ereby ?cd tT~dluftC~ Pr~Of ~O ~ti ~nStilt~t~pn. 7. Tha~ in the event that at the beoinn~rx,~ of w at any time oendina a~y suit uaon tFis Mo.teaae. w to foretlose it, or to reform it, or ta enforce ~:aymen? of any daims hereunder, sa~d MORTGAGEE shalt apply to the Coun having Jw~sd.r.:a~ thereot for the appo~ntment of a Rrce~ver, s~ch Court shatl ro~rhwith appomt a receiver of said mor~gaged property all and singutar, inciud,ng ail and s~ngu~ar ihe mCOme, profAS, iuues ar.d revenues from whatever sc•_rce derived. each and every of wh~ch, ~t be~ng expressly understood, is hereby morrgaged as if speu!~ca~ty set forth a~d deuribed in the pranting and h35endum clauses hereof, and such Receiver shaii have ail the broad and effecnve f~nct,ons and powers in anyw+se entwsted by s Cou~t to a Receiver, a~d s,ch appointment shall be made by such Court as an admined equity and a ma~fer of abso~v~e nght to said MOR:GAGEE, and without reference to the adequacy or inadequaty of the val~e of rhe property mo~rgaged or to the save~cy o. mso:vency o1 said MORTGAGOR a the defendants, and that s~~ch ~ r •e~rs, profits, inco~ne, issues and revenues shall be appl~ed by such Receiver accord~~~g to the lien w equity oi said NIORTGAGEE and the pract~ce of sucA Court. 8. To duty, promptly and f~Uy perlorm, discnarge, execufe, effect, compiete, comply w~th and ab"~de by each and every the stipuia~ions, agreements, ;ondit"qns and tovenants in sa+d promissory ncte and this mortga~e set forth. ; 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person otfie~ than the MORTGAGOR, the h'~RTGAGEE, its successon and assSgns, may, wi~hout nor~ce to the MOR?GAOR, dea! w~th such succe:sor or successw in interest wrtfi refe~ence ro this ~~~•~gage and the debt hereby secur~ in the same manner as wi;h Morr~aga wrthout in any way vit:ating or d~scharging the Mortgagors' liabi6ty hero- u~de. or upon the debt hereby sxured. No sa!e of the prem~ses hereby mortgaged and no forbea~ance on the part of the MOR7GAGfE or its successors o~ assigns and no extension o} the t~me fw the payment of the debt hereby secured given by the MORTGAGEE or its wccessws or ass;gns, shaU operate - ' ~o re~ease, d~scharge, modify change or afiect the or~g,nal Iiab:iny of the MORTGAGOR herri~, either in whole or in part. 10. It is speuficalty agreed that time is of the essence of th~s contract a~d that no waiver of any obligat~on hereunder or of the obiigetio~ se- wred hereby shaL• at any time thereafter be held to be a waiver of the te:ms hereof or of the i~sirument secu~ed herby. l i. In add no~ to the forego ng month!y paymen!s of p::n: pal and interest req~~red by the p~om,sscry nore kc~red hereby, mort~a~or covenants ; --,d agrees to pay to mortgagee vrith each monrh!y payr.,ent an add.~ianal sum esFm:ated by mortgagee to be equal to 1; 12 0{ rhe annual wst of the ioiiow- ~ i A-A!i real property taa~s iev~e~ w assess_ci aga~^st th~ above desv~bed real es!ate. ~ B-Pre~,~ums o~ fire and w~ndsto.m ~nsu.a~ce as here~r. reqv;red to be car.ied o~ the improvemeits s:f~ate on thn above descr~bed premises_ C-Premiums o~ ;uch mortgage guaranty ir.sura~.ce as mo*tgagee shait froT rme ~o t~rne deem fit to carry on the ~oan secured hereby. Mwtgagee sha~! from nme to t~me not~f~ mcrtgagor ~n wr~t~ng o! the a^~owt d~e and payable hereundrr and such surn shail thereupon be d~e and t .>.able on the due dare oi ~he nex~ month'y payrnent and each s~ccessive mo^th tnereafter ur.ti! mortgagee sha!~ not:4y mortgago+ of a change in such a-•ount. Such wms shail be apt~:ied by mortgag~e towa•d the payment of real properry taxes, insurance p~em:ums, and mortgage guaranty insurance .~~emiumi. F IN Y~ITNE55 ~M1/HEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Y Siyned, Sealed and delivered in thc presence of: / / ~ _ QA~I'~L~ (Seal) _ ~ .rG= • ~ So amon L. Holland ` (Seaq ~ onne Aolland ~ ~ ~ 5 ~ ATE OF FLORIDA ~ ~ ~OUNTY OF Sti. Lucie ' SS ~ Befwe me penonally appeared Solomon L. Holland ~ r Yvonne Holland his wi~e, to me well known end known to me to be ~ the individuals desvibed in and who exetuted she foregoin instrument and ackrrowledged befae me that they executcd the same fw the pu~poses " tnere~n enpressed. And the said ~oOATIe ~iolland ~ w:'e of the w~d Soloson L. Aolland upon a separate •nd priwte ~ e:am~nafion by me taker+ Kparate and apart from her sa~d husband, scknowledged to end before me that she execut.d said i~str~ment freely and voluo- rar~~y a~d witho~t any com~~ision, constraint, apprehens~ , or fear of w from her said husband. _ WITNESS my hand and official xal this_ day of J~~ A. D. 19 ~ - Notary P~bIK in ~~d fw t~ate o F~ st i~r~s i My Comm~ssiwi expires: ' ~ - Return To: ~ First Federol Savings b loan Associauon - Of Fo.t P.erce. f~-EO akG f Q~ ~UC~~- ~ ,ESOr~p~9 Fort Pierce. Flwida ~~tMtr F~ - ; R~;;~ ~ r`,~r lA. . - CtEFt. R~S ' - ~_Y :~i ~ ' ' _ • RfC(!F f: r;f ~ ~CUR L - ~ This tnstrume~nt Prepared By J. D. Chastain ~ JO 3 2~ PH t:; First Federal Savin s 8 loan Association ~TZ = of Fort Pierce , Fiorida Checked By 221834 ~ ; ; _ ~ F~=~ °~i~p a~ i 8~ ~ ~ - , - - _ _ , ' x , . . . . _ . .