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HomeMy WebLinkAbout1594 . 1 ~ ~ • To p~ace and continuouily keep on ~F+e bui!d~~+gs now or hereaita ~~tu~1e on ~a~d ~and and on ali ea~ip~nenf and pe.sonally covered by ~his mor sgs, w~t~ all premiums thereon pa.d m full, f~re insurance ~n the usuat •randard po~~cy form, in s wm appioved by the MOR1uAGEE. a~~d v.•~~~ds~o +nsuranc~ in th~ uaual s~andard po~~cy form, in a sum app~oved by ~he MORTGAGEE, in ~uch company or compan~es as ~he MORTGAGEE m dnctt; •nd all firs and windstorm inswanca poGc:et o~ +ny of seFd bu~Id~nys. ~ny interest the~ein or parl thereof, in the agg~e9ate wm aloresaid in ezccsi thcrcof, shall cantsin ihe uswl ~tandard mongagee ciause w such o~he? daus~ as :hs Mortgagcs may requ~rs, mek~ng rhe ioss unde~ sa~d po c+es, each ~nd every, payab~e ~o ie~d M~RTGAGEE as its mterest may ~ppear, and each and every wch pot~cy thalt be p~omptly +is g+~ed and de,~vered ~ •ny held by sa~d MORTGAGEE as (urthsr iecur~ry to sa~d ~~wrgag~ debt, and, not less ~han ten (101 dayi in advance of the exp~ration o~ ejch po~~cy, to d. Gver to sa~d MORiGAGEE a re~ewal thercof, ~o9Nher with a rece~pt fw the p~emium oi such renewal; a~d the~e ihall ba no f~re or windsro~m insuranc plsced on any of sa~d buildmgs, any interott there~n or pa~t lhereof, un!ess in ?he torm and w~~h ~he loss payable as aioresa~d; and in ~he event any sv~ of money becomes payable under such policy or pofcies said MORTGAGEE shall have ~he opt~on to rrce~ve and appty ihe same on acco~n~ of the indab<<d nris secured hereby or to pernht sa~d MORTGAGORS to rece~ve and use i~ w any parr the:eol 1or o:h~•r pu~poses. ~v~~F.o~t ih>..u~ .v.:~~~ ~7 or ~•~~v~~• ~ng any equ~ry, Gen or r;qh~ under a by virtw of this mo::gage; and in the ~vent sa;d MORiGAGORS sha11 fw any ~eaaon fail to keep ~he ~a;d prem~scs so ~nsured, a fail to del~ve? promptty any of said po~K~es of i~surante to said MORTGAGEE, or fail promptly to pay tully any prem~um therrfcr o~ ,~n a~y respect fail to pe~fwm, d~schaige, execule, effed, ca~~pletr, comply wi~h end abide by this covenant, a any part hrreoi, sa~d MGRTGAGEE ~~ay phce a:o_ . P pay fw such insurance or any part thereof wirhout waiving a affectiny any opt~on, lien, equrty, w nghr under w by vhtue oi ~h~s Mo~tyage. and ~hc fu11 a~nount of each a~d every wch paymaro shall be immediafely due and payable •nd shall bear intere~~ from the date the~eof until paid ae the rate o~ n~:,~ per centum per an~um and to~ether wiih such inrereat shai~ tx src.,red by the lien of this mwty~ge. 1. To permit, commit w auffe~ no waste, impairment o~ deterioration of said prope~ty a any part the~eof. S. To pay stl and singular the costs, charges +nd expenxs, ~ncluding a rea~onab!e at~orney's fee and coses of absnacts of tiNe, incurred or paid at any time by sa~d MORTGAGfE, because w in the event of the fa~lu~e on ~he pan of ~he said MORTGAGOR to duly, p~omptly a~d fu~~y perform, d~scharge r¦ecute, efled, compleie, comply w~th and ab:de by each and eve?y the stipvls~~ons, agreemenrs, condifions, and covenants o~ said prom~ssory note and ~h;i .rorrgage any or e~~her, and sa~d cosn, chargrs and exx~ses, each and e~ery, snall be immedietely d~e and payabic; whe+her a not the~e be nonce dr mand, attempt to tollect w suit pend~n9; a~xl ?he full amount of eoch and e~ery s~ch payment shall bea~ imerost from the date the~eof until paid at the r.,re a~ n~ne per cent~m per annu:n; and all said costs, chargea and expe~~ses incwred a pa~d, together w~th such imerest, shall be secured by the I~en of rh~i mon9aye. b. TMt (a) in the event of any breach of Ihis Mo+tgage or default on the part of ~he MORTGAGOR, w Ib) in the eve~t any of sa:d sums of money herein referred to be not promptly and fuUy paid within th~rly (30) days neat aiter the same sevcra:ly betome due and payable, withou~ demand or notite, or (c) in the event each and every the stiputatioos, ~reements, condmo~s and covenams of sa.d promissory note and th~s mor~gage any o? e~ther are nol iuly, promptly a~d fully pe~formed, d:scharged, execured, e++ected, cw++pteted, compl~ed with and ab~ded 5y, then in eithcr w any such event Ihe sa~d ag gregate sum mentioned in sa~d promisswy note then remaining unpe~d, with interest acuued, and all moneys securcd he~eby, shall become due and pay ah:e forthwith, w thereaiter, at Ihe option of said MORTGAGEE, as fully and completely as if all of the sa~d s~ms of money wcre or~g~naily st~puiated ro be pa~d on such day, anythirg in sa:d promiaswy no~e w in th~s Mwtgage to the co~trary notwl~hstanding; and ~hereupon w the~ea(ter at fhe opt~on of se~d MORTGAGEE, w~thout nonce or demand, su~t at law a in equ~ty, therefore or thereaf~er begun, may be prosecuted ~s ~f all moneys secured he~eby r„d matured pnor to rts instituuon. 7. That in the event that at the beginn~ng of w at any time pcnding any su~t upon th~s Mongige, ar to forltlost if, or. to reform if, o? to enforce paymCM of any cfa;ms he~eunder, said MORTGAGEE shall apply to ihe Courf having iunad~ciion fhereoi !o~ tIK appanlm~nt of a Receiver, svch Court shail forthwith appomt a receiver of aaid mortgaged property all and singular, inctud:ng all and smgular the ineom~, profib, issves and rtv~nves irom whate~er :eurce der:ved, each and every of wh~ch, it being expressly understoc~d, is hereby mortgaged as ~f spec:(ically set fo~th and described in the granting and habendum clavses hereof, and such Receiver shall have atl the broad and effetn.e fu~ct,oas and powera in anyw~se entrusted by a Court to a Receiver, and s, ch appoimment s6a11 be made by such Cou~t as an ad~nitted equity and a matter of absolute nght to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the property mwtgaged or to the so~vency or ~nso!vency of said MORiGAGOR a thc defendants, and fhat s~ch re~ts, profits, incane, issues +nd revenues shall be appl~ed by such Receiver accord~ng ~o :he I~e~ or equity ot said MORTGAGEE and the pracrice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by esch and eve?y the stipulations, agrcements, ; conditions a~d covenants in sa~d promissay note and this mwtgage set iwth. ~ 9. That in the event the ownersh~p of the mortgaged premises, or any par/ thereof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, iti successors and ass~gns, may, wirhout notice to the MORTGAOR, deal with s~ch successo? or successw in interest wi~h referen~e to this ~rortgsge and the debt herety secured in the same manner as with Mo~tgagor w~thout in any way vit~ating or distharging the Mortgagori liabi~ity herr under or upon the debt hereby secured. hto sale of the Fremises hereby mortgaged and no forbearance on the part ot the MORTGAGEE w its successors or ass~gns and no extens~on of the time fw the paymcnt of the deb~ he~eby secured given by the MORTGAGEE or its s~ccessors w ass~gns, a~iall operare ro retease, d~uharge, modify change or af(ett the orig~nal tiab~iny of ~he MORTGAGOR herein, either in whole w in part. 10. It is speuficaily aqreed that time is oi the csse~ce of this contract and that no waiver of any obligation hereunder or of the obligation ie- c~red hereby shalt at any time thereafter be heid to be a waiver oF the terms hereof or of the instrument secured herby. 11. In add.tio~ to the forego~ng monrh!y paymenu of princ pal and :nterest requ~red ~y the prom~ssory ~ore secu~ed hereb~, morigagor covenants , a~d agrees ro pay to m,o-tgagee v~ith each mo~rhly pay~ ~ent an add~rional s~m est~~,ared by mortgagee to be equaf to 1; 12 of the ann~al cost of the follow- f in9: I A-Alt rea~ prope.ty taxes lev~ed or assessed agai•~st ihe above described rea! estate. f ~ B-Prem~vms on f~re and windsto~m insurance as here~n requ;red to be carried on the :mproveme~ts s~tuate on the above described p{emises. ~ C-Premiums on such mortgage guaranty insura..ce as mortgagee shatl frorrt t~me to ti~ne deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortyagor ~n wnt~~g of the amount due and payable hercu~der and such sum shall thereupo~ be d~e and t ~~yable on the d~e oare af the next monthly payment a+~d each successive momh thereafter ur.ti! mortgagee shall notify mortgagor of a change in such ~ a•^ount. Such sums sha~l be apptied by mo~tgagee toward the payment of real property taxes, insurance prem.ums, a~~d mortgage guaranty insurance ~ p~emiums. ~ IN WITNE55 WHEREOF, tMe ssid MORTGAGOR has hereunto set his hand and seat the day and year first afweseid. ~ Signed aled and deliver in t presence of: . ~ ~iC ~ . . uc ey ~a~ ~ ~ 15es1) ~ (Seaq ~ SATE OF FLORIDA ~ ~ ~~P ~j u' cou*~rY oF St. Lucie ~ ~ Befwe me penonally appeared BI1C~C1 e~7 and ~ Rose ASarie BLICIC],@SI his wife, to me well known and known to me to be ~ ~ ` ~ rhe individuali described in and who eaecufed the fwepoing instrument, and acknowledged before me tAat they executed the same fo~ the purposzs ~ +he~ein exprpsed. Aod the said P.ose Marie Bt1C~C].e)? y u a se arate snd ~vat~ ,.,~fe of the said D. Buckle po„ p pr- ~ eramination by me taken separate and apart from her said husband, etk~wwledged to and before me that she exetuted said instrument freely and volun- ran{y and w~thout any compulsion, consrraint, apprehens~o p ea~ of or f~om her said husband. ~ F ~ WiTNESS my hand and official seal this_ ~ dey of F brua ry A. D. 19 72 - ~ ~ ~ ;r Notsry Public in and {or 1 Stat of Florid~ at larpe My Commission eapires: ~ II~ I~~~p~ ::2 Return To: ~ First Feder~l Savings 3 loan Associat~on . - . ~ Of Fort V~e~ce. ~ yry :.t ~,7RDE0 ' " fltEC .Y _ Fort P~erte, Flor~da ST `,:jM• FLA. . - y; ~as ~ ~ r C~ f C;. ~OURT ~ ~ • : , . _ . ~ _ _ ; This Instr~ment Pre ared B Richard K. Kayes ~ P y F'Fe 9 Il 4s PH ~2 . First Federal Savings 8 loan Association ~ of Fort Pierce~ Florida z~594 ~ ~a Checked By 8U K ° ~ ~15~3 . ~4 _ ' . . 5 . _ . . , _ . . . =3 .