Loading...
HomeMy WebLinkAbout1449 : 3. To piace and co~t~nuously keep on ehe bv~:d;~gs now or hereafter u~~ate on sa~d land and on ali equ~p~nen? and penona~iy cove~ed by ~h~s mor sge, w~th •II prem~ums ~t~mcon pa.d m full, fire insurance in the usual sta~~dj~d pot~cy form, in • sum aNproYed by ~ha MOR~GAvEE, a~~d w~+~ds~o intvraoce in the uswt standard po::cy Form, in s sum approved by ~he MORTGAGEE, in such co+r.pany or coMpanus ss the A'OR1v~GEE n~ d~recr, and a~l fire and w~rxJstorm insurance po~~c~es on any of said bu~id~~gs, any in~erest therein or pAr1 thereof, in the aggregate ivm atoresaid in eacess lhereoi, shal~ contain the usual star.dard mor~gagee ciavss or such oiher clause ~s ~he Mor~yagee may requ.re, ma\~ng the ~osa undrr sa~d po ues, each and eve~y, payable to sa~d A10RTGAGEE as ~ts in~eresr may ~ppea?, a~d each and e~e~y such po~uy iha~l be prompe:y ass gned a~+d de,~~rred ~ any held by sa~d MORfGAGEE as fu~ther security to said mortgage deb~, and, no~ ~ess ~han ren (10) days in adrance of ihe eap~rat~on o+ each po!~cy, to d~ Lver to said MORTGAGEE a renewal thereof, toge~her with a rete~pt for the premium of such r~newal; and there shaii be no f,re or w~ndstam i^.suranc pla<ed on any of sa:d build~ngs, sny intereat there~n w part thereoi, un',rss in ihe (o~m and w~~h ~he ~oss payab~e as aioresa~d; a~d in the e~ent any sun of money becomes payable ~ndcr such poticy or po~~ues said MORTGAGEE sfiaN have ~he opt~on ~o ~ecrire a~ed apply the sa~ne on acco:,nr of ~he iiidebtrd ' ne:a secu~ed he~eby or t~ perm~t said MORTGAGORS ro receive and use it or any part thr:e~1 ior o;ne+ purfOtc•5, w~~iiO~t tn~•~~i w.:~+~`3 ~•''P~" ing any equdy, Gen w right unde~ or by virtue of thif mor'gage; and in the event sa,d MORTGAGORS shall 4or any reason fail to k..~rp tF.e said p~em~srs io insured, Or fail to deliver promptly any of s~id po~~cies of insurance fo said MORTGAGEE, or faii prompNy to psy fully any prenu~m thereior or in a~y reepect iai! to pertorm, d~scharge, eaecure, e(fec~, comptete, comply with and ab~de by thls cove~am, or any part hrreof, Said 1~lGRT:~AGEE may p~ace a d pay for such insurence ot any part thereof without waiving ot affecting any op~ion, lien, equ~ty, or right undrr w by virtue of this hlo~tgage, and tht f~ll amount of each and e.cry such payment shaH be immedutely due and payahle and shail bear interest from the date thereof umil pwd at the rate o~ n~ne pe~ tantum per annwn and to~et~rr Nith suth ~n:erost shai~ be stc~red by the Gen Of this morigage. 1. To permit, commit ot suffer no wasfe, impairment a deterioration of said p~operty o~ any part thereof. S. To pay aIl and singutar the costs, charges and e:pe~us, ~ncluding a reasonable attorney's fee ar.d costs of abst~acts of t~tle, ~~cu~red or paid at any time by fa~d MORTGAGEE, because w in the evem of the fa~lure on the pa~t of the said MORTGAGOR to duly, prompfly and fully perfprm, d~scharge e¦ecute, effect, canpiete, comply w~th and ab:de by each and eve+y the st~pula~~ons, agreements, cond~tiom, and covenants oi said pro:+i~sso~y note a~d ih~s ~:ortgage any or e~~F+er, and sa:d costs, chrrges and expenses, each and eve~y, shali be immedmtely due and payab;e; whether w not thrre be ~ot~ce da mand, attempt to co~led w suit pendmg; and the fu!1 ar.wunt of each and every such paymem shal! bear interes~ from the date tl~ereof u~ril peid at the .,.re o~ nine per centum pe~ annu:n; anc al~ aald costs, chargea and expenses ~ncurred or paid, together w~th such interesl, shall be setured by the I~en of th~• mo~ty~ga. 6. Thst (a) in the event of any bresch of th~s Mortgage or default on the part of the MORiGAGOR, w ib) ~n the eve~f any o( sa:d sums of mor+ey !~erein roferred ro be not promptiy and fully paid wirhin th.rty ~301 days neai a*ter the same severa:ly 6ecome d~e and payable, w~ihour demand or ne~~ce, er (c) in the evem each and every ~Fx stipulat~ons, ag~eements, condrtions and covenants of sa.d promissory ~ote and th~s mortgage any or ei~he~ are no1 ;u:y, promptly and iully performed, d:scharged, executed, effected, compieted, compl~ed with and ab~ded 5v, then ~n e~ther w any ~~ch evenl the sa~d ag ~~egate sum menrioned in said promissory note then remaining unpaid, with inte~e,t accrued, and a? maneys sewrcd hereby, s~ail become due and pay- ab e forthwith, or thereafter, at ~he opt~or~ of sa~d A10RTGAGEE, as fully and compietely aa il atl of tl~r sa~d sums of money were a~ginatfy at~pu:ated to be pa~d on such day, anything in sa:d prom~ssory note a in this Mortgage to ~he contrary notw~~hs~and~ng; and ~here~pon or thereafter at the opt~on of s, d MORTGAGEE, without no~ice w demand, suit at law w in equ~ty, therefore w thereaher begun, may be prosecuted as ii sll moneys secured hereby r,:d matured prw to ~1s insfitution. 7. That in the event that at the beginning of o~ st any time pending any suit upon th~s Mo~tgage, w to foreclose it, or to ?eform it, or to enforce ~ayment of sny claims here~nder, said MORTGAGEE shall apply to Ihe Court havi~sg rynsd,cnon thereof lot the appo~ntment of a Receiver, such Court shad f~;rhw~th appoint a receiver of said mo~tgaged prope~ty atl and sing~lar, indud,~g aI1 and s~~~g.,~ar fhe income, piof~ts, issues and rcvenues from whatever s: u•ce derivcd, eath and every of wh~ch, it be+ng express~y unders~ood, is hereby mongaged as ~f spec,f~caity set forth and descnbed in the grannng and h,bendum ctauses hereof, and such Receiver shall have a%I the broad and efiecrive funct.ons and powers in anyw~ie entrusred by a Co~~t to a Recei~er, a~~d s_ch appOintment shall tx made by such Court as an adm~tted equ:ry and a mat~er of absolute right ro sa~d MORTGAGEE, a~d w~thout reference to the ~ ad~y~acy or ina~equaty of Ihe value of the property mortgaged o~ to the soivency or ir.solverxy ol said MORIGAGOR o~ the defendants, and rhat s~ch re~,fs, prol~ts, ~nco.ne, issues 'and revenues shail be apptied 6y such Receiver accord~~ig to the lien or equ~ty of said MORT(3AGEE and the pract~ce of s~ch Court. . • • • ' 6. To d~ly, prompfly and fully perfo~m, d~scharge, e~eecute, eifect, complete, comply wilh ~nd abidr by eath and every the stipulations, agreeme~ts. :or~ditions and covenanfs ~n sa~d promissory note and th~s mortgage srt forth. k 9. That in the event the ownership of ~he mortyaged prem~ses. or any part thereof, becorwes vested in a person othe? than the MORTGAGOR, the ~RTGAGEE, its successors and ass~gns, may, wnhout no~ice to the MORTGAOR, deat w~~h such successw a successor in interest wi~h reference to ~h~s ~~o•fgage and the debt hereby secured in the same manner as with Mortgagor w~thout in a~y way vitiating or d~scfia~g~ng the Ihortgagors' liao~lity herr ~:~der or upon the debt hereby sec~red. Nio sale of the Frem~ses hereby mongaged and no forbeara~ce on the part of the MORTGAGEE or its s~ccessors e. ass~g~s and no extens~on of rhe t~me fo+ ~he payment of ~he debt h~~eby sec~~ed given by the MORTGAGEE or its successors or asa~gns, s::ail operate ~o release, d~scharge, mod~fy change or aifect the orig~~al liab~tny of the MORTGAGOR herei~, either in whole w in part. ]0. It is speuf~caliy agreed that time is of the cssence of this contract and that no waive~ of any obltgat:on hereunder w of the obtigation sr ~ cured hereby fhali at any timr rhereafser be netd to be a waiver of the terms hereof or of the instrument secured herby. i 11. In addnio~ to the forego ~r.~ m.o~th!y payments of princ pal and inrerest req~~red by the p~e:n sscry no'e secured hrreb~, martga~or covenants e• d agr~es to pay to mortgagee ~.~rh rach munthiy pa~r,,eni an add~rional svm es+~ *;ared by mortgagee to be eq~a~ to 1. 12 of the annval cost of the foiiow- i , ~ i f } ~ A-Aq real prope~ty taxrs le:ied or auessed agai•~st thc ab~ve described real esra!e. { 8-Piarniums on f~re and v.ir.dsrorm inwracce as herein rrqu;red to be carried en the [mproveme~ts s~tuate on th~ abo~e d_scribed premises. : C-Premi~ms on such mortgage gua+anty insura~,te as mortgagee shail from t me to t~me deem fit fo tarry o~ the toan secured hereby. ' Mortgagee shail }~cm r~me to t~me notify mortyagor ~n wrihng oF the ar:o~~t d~e and payable he~eundrr and such sum shal~ thereupon be due and ; ~~yable on the due dare of the neat month:y payment and each wccessive T+:onth thereaftar ~r.til mortgagee shall not~fy mortgaoor of a change ~n s~ch ; o~M. Suth sums sFa;l be app:ied by mortgag~.e toward the payment of real p~operty taxes, ins~rance prem:ums, a~~d mortgage guaranty insvrence ~ o•emiums. ~ y year first aforesaid. , ~ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seai the da and ^ ~ Sgoed, Seale n del~vered in the~esence of: ~ J ~ ~ . ~ _ ti _ ~si ~ j~ ~ Bi y. Dai ey, a sin a~ua~t r ~ (Seaq ~ } ' - - ($eaQ ~ SiATE OF FIORIDA ~ ~OUNTY OF $t . Lucie ~ ~ ~ Before me personally appeared B11IY R. U~1ley~ a single adl11L ~ ~ ~It7~(~ to me well known snd known to me to be the ind'nidus4 described in and who eaecuted the foregoing instrument, and acknowledged before me that ~he~ e~cecuted the same for the purpoaes the~tin expressed. ~actlhialtl ~ sa~ aE ths aeti -~F~a i~~ r~ sims~s~Fms~de~~qsataaat,sr~~~s~si~~~i.=aAER~RJ{~~IfiilfO~F't1f~t-~+~•~Ot~i~tl~~a~ild~olos ~+3t~Y"~~~~~eefeasadas~~aootlu~a.~P~~s~~wi iw1'sW~bCirallGl~ls~tDi~fd. i WIiNE55 my hand snd oflic~al seal this__ day of Februa A. D. 19 72 = F~:~~~ ; Notary PubGc in snd for the e o Fbrida lar~ c ~ My Comm~ssion ~xpires: ~~j~ ~ ~ ~ t ;'t Retur~ To: First Federsl Sevingf 3 loan Associa+~on / Q - 7 S . ' Of iort G:erce. - Forr P~a~ie. Fiorid~ F{LEO Ay^ ~ECO?~DED ~ . : ' ' ST l r Z U~~Y F L A -;n, :'`t` : ~a t ~ .~J RT „t ~ ~ T ~ " I' ' . . _ °V'~ This Instrument Prepared By John W. Collins oc~-: , , • . First Federal Savings 8 loan Association r Q ~3 PN ~ Z of Fort Pierce ~ Flor ida f EB Y Checked BY ~ ~~,rl~ra~YVY _~2 ~ooK ~.y9 PA~1448 ._i ~ y . - _ _ . - ~ -z~~ . .