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HomeMy WebLinkAbout0297 • ~ ; 1 • . . 3. To plact and continuousiy keep on ~he bui!dings now w hereaf~a ~ituate on said land and on all equip~nent and personsliy covered by thia mor sge, with all premiums ~hereon Fa~d in full, 1he ins~rance in the us~al srandard poGCy form, io a sum approved by the MOR~G:+GEE, a~~d w~~dsro ~nsuranc~ in Ihe usual s~andard pot~cy fam, in • aum approved by the MORTGAGEE, in tuch company o~ co~*~pan~e~ ~s the MORTGAGEE m dircc~; a~d all firs and w~nd~to~m insurance policiet on any of said build~ngs, any in~erest therein or part thereof, in the sggregate sum alo~esa~d in exces~ thereof, ~hall contain the usual s~andard mortga9et dause or such other claus~ ss th~ Matgagee may requ~re, makiny ~he lose unde~ sa~d po c~es, each snd every, payable to said MORTGAGEE as ib interest may ~ppear, and each and every ~~ch pol~cy shall be p~omptry aas gned and de~~vered ~ sny held by sa~d MORTGAGEE ai (urther security to said mortgaye debt, and, not Isu ihan ten (10) days in advance of the expirat~on o1 each pol~cy, to d. I~ve~ to said MCRiGAGF.E a renewal ~hereof, to9e~Mr with a receipt to? the p~emium o( such renewal; and there shal~ be no f~re or wfnds+orm insuranc placed on ~ny of said building~, any interest therein or parl thereof, unles~ in the form and with the lo:s payable as atoresa~d; and ~n the evenf a~y sun of money becomet payable under such policy a pol~cies isid MORTGAGEE ~hall have the opron to rece~ve a~ spply the ume on accoun~ 01 the indabtrd neu secured hereby or to permif sa~d MORTGAGORS to receivs snd ust it w any par: thereof for osner pweaaes, w~~ha~~ thr~ o~ wa~.~ ti3 ~~~~pah ing a~y equ~ty, lien p ri9ht under a by virtue of this mo::gaye; ~nd in the event sa~d MORiGAGORS shall fa any reaton fail to keep the sa~d prem~srs ao insured, or fail fo deliver promptly ~~y of said polities of i~surance to ssid MORTGAGEE, w~a~l promptly to pay fully any pre~nium ~herefw or in a~y respect fail to pe~fo~m, diuharge, execute, etfed, complete, comply with and ab~de by ~his coverwnt, o~ sny part hareof, said MORTGAGEE may piace a~~d pey fw such insur~nce or any part thereof without waiving w affectinp any option, lien, equlty, or right under a by virtue ot this ti~ortga9e, and ~he fult smount of eath and eryry tuch payment shall be immediately due and payable and shall bear interest from th~ data thereof un~il pa~d at the ~ate ot nine per te~~um pa annum and to~Nher with suth inleresl shall be secured by fhe lien of th~s mortgags. 1. To permit, commit ot suffer no waste, impairment or deteraretion of said property or any pa?t thereof. S. To pay all and singulsr the costs, charges ~nd ezpe~ses, including a reasonable attorney f fee and tos~s of abstrsds of title, incurred or paid at any time by said MORTGAGfE, because w in the event of ~he failure on the part of the said MORTGAGOR to duly, promptly •nd fully pe.form, d~uharge. execute, etfed, complete, comply with and ab;de by each and every the stipuiations, agreements, condit~ons, and covenants of sa~d promissory note and th~s matgage any oi e~~her, and sa~d cos4, chargei and eapenses, each ~nd evcry, shall be immediately due and payable; whether w not there be not~ce da mand, attempt to collect w suit pend~ng; and the full amount of each and eve~y such payment shatl bear interest from the date thereof until pa~d at the r~te of nine per centum per annum; and all said msts, charges and expenses incvrred p paid, together w~lh tuch ioterest, shall be secured by the lien oi tha mort~afle. 6. That (s) in the event of any breach of rhis Mwtgsge or defaull on tM part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein ~eferred to be ~01 promptly and fully paid within therty (30) days next afrer thr same severally become due and payab~e, without demand w notice. o~ ic) in the event each and every the stipulations, agreenxnts, co~ditions and covenants of said prom~ssory note and th~s mortgage any or e~ther are not ~~,ly, promptly a~d fully perfo.med, d;xharged, executed, effccted, tompleted, complied with and ab~ded by, the~ in e~ther or any such event the said sg g~e9ate wm mentaned in-said promisso?y nofe then remaining unpaid, with interest accrued, and ail moneys setured hereby, shall become dve and pay- aDle (orthwith, o? thereafter, at the option of said MORTGAGEE, as fully and completety as if alt of the said sums of money were or~g~nal~y s~~pulated to be pa;d on sucA day, anything in sa~d promissory note or in this Mortgage to the contrary notwithstand~ng; and thereupon.w thereafter a? the op~~on of sa~d MORTGAGEE, wiihout norice a demand, suit at law w in equ~ty, therefore a ~hereaher begun, may be ptosecuted as if all moncys secured hereby nad matufed pnOr to its institution. 7. That in the event that at the beginn~rg of w at any time pending any suit ~pon ~his Mortgsge, or to foroclose it, or to reform it, or to e~fo?ce payment of any ciaims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction Ihereof fw the appo~ntment of • Rece~ver, such Lourt shall Forrhwirh appoint s reteiver oi said mwtgaged property all and singular, includ~ng all and singu~ar ~he income, prof~ts, issues and revenuef from whatever se~rce derived, each anc! every of which, it being expressly undersrood, is F.ereby mortgaged as if speufically set forth and dewibed in the graneing and habendum clauses hereof, and such Receiver shall have all the broad and effective fu~U~ons and powers in anywise entrusted by a Court to • Reteiver, and s:ch appointment shall be made by such Court as an ad~nitted equity and a rt+atter of absotute right to uid MORTGAGEE, and wishcut reference to the ' edequacy a inadequacy of the value of the property mortgaged or to tFie wivency or insolr•ency of sa~d MORTGAGOR a thr defendants, and that such rems, profits, incarn, issues and revenues shall be applied by such Receiver sccord~ng to the lien or equity of said MORTGAGEE and the prau~ce of such CouA. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply w~th and abide by eath and every the stipulations, agreements, conditans and covenan?s ~n said promifsory ~ote and this mortgage set fwth. 9. That in the event the ownership of the mortgaged prem:ses, or any part thereof, becomq vested in a penon other than the MORTGAGOR, the S'.ORTGAGEE, its succeuaa and assigns, may, without notice to the MORTGAOR, deal wifh such successw or successo~ in interest with relerence to this n,ortgage and the debt hereby secured in the aame manner as with Mortgagw without in any way vitiating or d~xharging the lNortyagori liability herr ~r,oer w upon fhe debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearente on ~he part of the MORTGAGEE or its succeuwa or assigns and no extension of the time for the payment of the debt hereby securcd given by Ihe MORTGAGEE or its successors w au:gns, s~wll operate to release, d~scharge, modify change w affect the original liability of tFie MOATGAGOR herein, either in whok w in part. 10. It is speufically agreed that time is of the esxnce of this contrad and that no waiver of any obligat~on hereunder w of the obligation se- cured hereby shalt at any time thereafte? be held to !x a waivet of the terms Aereoi or of the instrument setured herby. ' I 1. In add~uon to the fwego ng monthly payments of princ pal and inreresr requ~red by the prom:swry no!e secvred hereby, mortga~ar covenants ~ and rees to to mo:t a ee with each m~nthl a rnent an add~rional sum est~mated b mort a ee to be e uai to 1,~ 12 of the annual cost of the follovr- ' ~ d9 PaY 99 YP Y Y 99 9 ~ !ng: t ~ A-All real property taxes te•:ied w asses:ed agai~st the above described real esrate. ' ~ B-Premiu~ns on fire and windstorm insurance as here~n requ:red to be carried on the improveme~ts situate on the above described premises_ s C-Premiums on such mortgage guaranty insurance as mortgagee shall from t me to time deem fit to carry on the ban secured hereby. ~ Mortgagee sfialt from time to rime notify mortgagor in writing of the amount due and payable hereundrr and such sum shal~ thereupo~ be due snd ~ ; 3yable on the due date oE the next month!y paymeM and each successivt month the~eafta~ ur.tif mortgagee shall not~fy mortgagor of a change in such ~ a~-;ouM. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurarxe prem;ums, and mortgage guaranty insurance ~ c~emiums_ € IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ? ~ Signed, Sealed and delivered in the presence of: 7~1r~G~' ~~~~y~L,[i! (Scan ~ Billie S~e Abrahamson, a sin~t~,iyadult " ~ - . ~ t5ea0 ~ ~1) i :t ~ ~ SiATE OF FLORIDA 1 ~ ~OUNTY OF St. L12Ci6 ~ ~ ~ Befoie me penonally appeared Billie Sue Abrahaaason, a aingle adult ~ ~ - ~ to me well known a~d known to me fo be a; the individwi~ described in and who executed the foregoiny instrument, and scknowledged before me that flyr executed the same for the putposes ~ rherein expressed. ;7 ; e .E= R . / i - :i ~ _ ~ ~ WITNf55 my hand and official seal thi dsy of Janua ~ p,~q : f _ _ . ~ ~y - t~ry P it in ~r+d for State o4 = y Co iuion expires: ' ~ . ` h; Return To: ~ - NOTARY PUBIIC. STATE of FtORIDA RGE • • • • _ _ First Fedenl Savings d toan Association MY COii1MISS10N QPIRES OEC. 29. 1973~' ' Of Fort V~erce. •eM~A T~ry Oee~~~~ Uwr~nu UMer~.~Re~s. _ fort Pierce, Florida y ~a fILEO AN~J :ECOROEO ~ ST. LUCI[ CJUNTY flA. This Instrument Pre ared B J H. RObBTt3 Jr. ROaE n~'J~TRAS P Y ' ~ CIERK C'':~UIT COURT „r(~ First Federa) Savings ~ Loan Association RfCO~E::~.~'~~ED__.L of Fort Pierce ~ Florida - Checked By ~v ~0 24 AH ~7L ~SS ~19q ~ . _ ~~a _ ~ .