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HomeMy WebLinkAbout2070 3. To p~ace a~d conrinuo~sly kerp on ~he bu'd~ngi now w hercafrer s~ruate on satd iartd and on al; eq~~p~nenl end personally covered by this ma ege, w th •II pr~m~„ms rhereon pa~d ~n full, f~~e insurance ~n the us~al s~a~~a~d po,~cy form, in a s.,m approv~d by the MOR~GAGEE, a~d win.~sto ~nwr~nce in ~he usual standard po~:cy fo~m, ~n •a sum appro.•cd by ~l+e Nk7R1GAGEE, in such company or companles as the MORiGAGEE m d~red; and 18 f~re a~d wmds~orm insurance po~K~es on any of sa~d bu~:d:ngs, any ineerest therein er par~ thereof, in the sgg.egafe sum afwesaid in eaceu thereof, shatl conta~n the us~al s~a:xiard mo~tgagee c~ause a such other clsuss aa the Mortgagee m~y rcqu~rs, makinfl the toss ~~der sa~d po des, each snd every, PiYAb~! to sa~d MORTGAGEE as ~y imerest may sppear, +nd eech and every auch po:,cy shs~l be prompily su q~ed and dd~~vrred ~ , any held by ia~d MOR1GAGfE as furthar sewrity to said monyage debt, and, not leu tMn ten (101 days in advance ol ihc ezpiration of each poGCy, ro d. + Iw~r fo said MORiGAGfE a rcncwal thercof, together wrtA a ~ece~pt tor the prtmlum of euch renewat: snd there s~atl be rw f.re or w]ndsto~m inaurant plKed pn any of said bvitd~~9s, any inre~etl there+n w part thereaf, unlesa in ~he form and w~fh the ~oss payab!e as aforesaid; and in the even~ any iun of monpy becomes payab~e undN such polity or poGues wid MORTGAGEE shall have the opt~on to rece~ve and app'y the same on atcount of the indebtrd neu secured hereby a ro perm~t sa~d MORTGAGORS ro receive and use if o? any part ~he:eo{ fo~ o:ne. pur.oses, v.:+no.,r sh-r~ar wa:.i~~ o. r+~oa~r ,n~ any ~qu~ty, lien or r~ghf undcr or by virtue of this mo:t~age; and in the evero u~d M0~27GAGQRS sha!1 for any reawn fail fo krep ~he sa~d premisrs so ~nsurod, a fail to dei~ve~ promptly any of sa~d pot~uaa of inturance to sa~d MORiGAGEE, or fa~l promptty to pay fu:ty any pre~mum ~he~efor or in a~y respect fa~l to pNfwm, d~scharge, e:ecu~e, effect, comp~ere, ca~nply w1tA ~nd ab~de by th~s covenanf, or any pan hrreot, said MGRTL-sAGEE may pi+ce a.~o pay for such inaurance or •ny put thereo~ w~~hout waiviny or affectiny any opt~on, lien, equ~ty,. or r~~ht under a by virtue of ~hii Alorty~age, and the 4~1i amount of e+ch ~nd every auch payment sha~I be ~mmed~suly due and payable and shall beer inte~es~ from the date thereof undl pa~d at the rate ot n~ne per cenwm per annum and to~rther w~ih such ~nferest sha~~ be sewred by the liert o1 th]s mortgage. 1. To permi~, commit or suffer no waste, impairmcnt or deteriora~ion of sald properry o? ~ny paA iheteof. S. To pay all and singutar the cos», charges snd rxpenxi, including a rca~o~able attaney'~ fee and costt of abs+rects of title, incurred w paid a~ eny time by sa~d M~RTGAG:E, beca~x or in the evem of the fa~lure on the part of ~he said MORTGAGOR to duly, promptiy ar+d fu!ly perfwm, d~scharge. exrwte, effett, complete, comply w+th and ab~de by each ~nd every tl+e sripv~at~ons, egreements, cond~t~o~s, and covenann oi said prom~isory note a~d ~h~s :nortgaye any or e~ther, and ae~d cosK, charges and e:penses, exh and every, thall be imrtudiatcly d~e and payable; whether p nof there be nonce da mand, attempt to coilect w suit pend~ng; and the fuH amount of eech and evcry such payrrunt shall bca. interest irom the date therroi until paid at the ?e o+ nine per cenrum per sm~u^~; and a11 uid costs, chargea and exxnses inc~rred w pa~d, togNher w~th suth interest, thall be secured by the I~e~ 01 thit monpage. 6. That (a) in the evcnt of any breach of this Moftgage or default o~ tM part of the MORTGAGOR, a(b) i~ the event any of sa~d sums of money herein refrred to be not promp!ly and fully paid within th~rty (30) days next a'rter the same severa.ly become due and payable, without demand or nonce, er lc) in the event each ~nd every the stipu:ations, agreements, co.~drt~ons and cov~nsnts o1 sa:d promissory note and th~s mortgsge any w e~thcr are not iuly, promptly and fully parfocmed, d:scharged, execured, effecred, completed, compl~sd with and ab~ded 9y, then in ather w any such event tl+e said ag ~~egate sum mentioned in said promissory note then remaining unpa~d, wirh interest accrued, and ait moneys secured he~eby, shall become due and pay ebie fe~r~7vtth, or thereafter, at the opt~on of sald MORTGAGEE, as fully and compkrely as ii atl of the wid sums of money were or~ginaUy snpu:ated To bc p+~~d on such day, anything in sa:d prom~uory no~e a in ~his Mortgage to the conrrary no~withstanding; snd thereupon or thereafter a~ the opt~on of sa;d MORTGAGEE, without nonce w demand, su~t at law a in equity, the~efore or thereafter begun, may be pros~cuted as if •II moneys secured hereby ncd matured pt~or t0 ds msfitunon_ 7, That in the event that at the beg~nn~~g of w at any t~me per.ding any su~f upon this Mo-tgsge, or to faeclose it, or fo re{orm iL o? to enforce payment of sny ciaims hereunder, said MORTGACsEE shall appty to the Court havi~g ~unsd~ction thereof fw the appointment of s Receivn, such Court shail iathwith appoint a recei~er of sa~d mortgaged propcrty all and sinyv:er, includ:ng ail and singu~sr the income, FrotAS, issues and revenues from whatever sc,:,rce derived, each and every of wh~ch, ~t being expressfy unders~ood, is hereby mongaged as ~f sFrt~ficaily set fwth and destribed in the granting and haSendum cia~ses ixreof, and suth Receiver shall have all the broad and efiea,ve funcr:or.s and powers in anyw~se entrusted by s Cou~t to a Rece~ver, and s:;h appointment shall be made by such Court as an adm~tted equity and a matter of absolute r~ght to sa~d A10RSGAGEE, and wi;hout reference to the edeq~acy or insdequacy ef the val~e of the property mortgaged or to rhe so:vency or ~nso:verKy of sa~d MORTGAGOR a tl~e defendants, and that s~ch e~rs, profits, inco~.u, issues and revenues shall be appited by such Receiver accord~ng to the lien or equity of saed MORTGAGEE and fhe practice of such Court. 8. To d~ty, promptly and fully perfo.m, d~sci+arge, execute, effect, complNe, comp~y with and ab~de by each ~nd every the stiputations, ag.eerrxnts, conditioro and covenants in sa~d prom~ssory note and this mortgage set fortn. 9. That in the event the ownership of the rrartgaged prem~ses, or any pert thercof, becomes vested in a person other than the MOltTGAGOR, the h'.ORTGAGE~, its avcceuon and au~gns, may, wirhout norice to the AiORTGApR, deal w~th svcn a„ccessor or successw in interest with reference to this n,ortpage and tF.e debt hereby secured in the same manner as w~th Mortgago~ wrthow in any way vitiating or d~uhargiog the /~lortgagors' Iiability herr under or upon the debt hereby secured_ No sale of the prernises hereby mortgaged a~d no fabearance on the pan of the MORTGAGEE or its s~~ccessors o~ ass~gns and no exrension ot the time for the payme~t of the deb~ hereby scc~red given by the MORTGAGEE or its successors or assigns, ahall operate ~o release, d~uhargr, madify change or affect the orig~nal liao~iity of the MORTGAGOR herein, either io whok or io part. 10. It is spec~fica~ly agreed that ~ime is of the essence of this contract and thst r+o waiver of eny obligat~on hereunder a of the obligation se- cured heroby shaU at any time thereaher be heid to be a wawer oi the terms hereof or of the instrument secured herby_ ~ 11. In add.rlo~ to the forego:ng montn'y paym~nts o4 princ pa! and inferest requ~red by the prom ssory note secured hereb~, mortgagar covenants I a~~d agrees to pay to mortgagee werh each momhiy payrnent ar+ add i~onsi svm esf!n.ated by mortgagee to be equal to i;' 12 of the annual cost of the foflow- i ~ A-A!1 rEal property taxzs lev~e~ or assessed aga~~lst the above desaibed rea! esrate. ~ B-Prem~ums ort (~re and windsto*m msurarce as herein requ~red to be carried en the ~mproveme~ts srtuate on the above destribed premisei. ~ C-Premi~ms on such mo~tgage gua.anty ir.surance as mortgagee sha;l froT r me to time deem fit to carry on the loan setu:ed hereby. ` Mwtgagee shal~ `.rom fime to t~me notify mortgagor In writing of the a~ov~t due and payabie hereunder and such sum shall thereupon be due and .>:abie on the due dare of rF.e next rno~rh:y payment and each successive mor.th thereaft~r undl mottgagee shall notify mortgagar of a change in such ~ ;-:ount. Such sums sha:l be app:~ed by mortgagee toward the paymem of rea: property raxes, insurance prem,ums, a~~d mortgage guaranty insurance ` o~emiums. r IN WfTNE55 WHEREOf, the said MORTGAGOR has hereunto xt his hand and seal the dny snd yesr first a{aesaid. ~ Signed. Scaled an delivered in the presence of: ? ~ t-'~ an ~ o er • ~aq ~ ~ Z~ (Sea4 ~ _ GrieaO B t Sue ri er ~ ~ 5':+TE OF FLORIDA ~ ~ OUNTYOF St. Lucie ~ ~ ~ ~ ~ s~fo.~ penonaily appeared ~a CoTlier and Sarah Arvilla Collier, his wife and Betty ~ " ~ue Cric~cer, a single adult ,,~.e,~, ,,,,~~i and.k„ow~ +o ro be , the individwis described in and who executed the fuefloiny instrumcm, and sckrwwledged befwe me that they e t~i sune for the purposes r~,e~~~„ exP?ess~d. A~,d rhe said Sarah AYV i l la Col I ier ,~;i~~`' Ira Colliez w~fe of the sa~d - .tl~ldA•s.flpKah and p~iwte e.am~nat~on by me taken sepa.ate and apart from her said husband, ecknowledged to and before me that she exeNtal~ ~id instrvment freelr ~nd volun- !ar~ly a~ w~thout any compu;swn, constroint, apprehens~on, or fear of a from her said husband. ~ ; lL ` 72 WITNESS my hand and afficial ual this ~G'~r _ day of .1anu " ~ p. ~q r / . • _ \ _ Notary Public in and for. S~it~ ~ fjprida {t~ Larpe - My m~uion expirp: ~ ' • Return To: NOTARY~1~~~f1pR1011 ~ IARGE fint Federal $avings 3 Loan Associat~on MY COMti~ISSi jRES $EPT. 25. 1975 Of Fort P erce. ~6fl~ed ~~If1~fICM WO~LOfi (OSYfiAC~ ~:0. ~ Fort P:zrce, F!orida uE~caoEo ' 4NC • ~ STL~UCIE ~Qj TRAS`A ~ RaC~R • IS LOUR7 yj_~ ~ERx Cti:.:.U ~ This Instrument Prepared By John CR~~-'~ ~ First Federal Savings b Loan Association ot Fort Pierc~ F lor i da 1.n JM Checked By ~1~4 !v ~ooK~~B ~~20fi7 a~ _ _ _ _ _ _ _ _ - _ ~ .