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HomeMy WebLinkAbout1947 3. To place and coroinuously keep on the bu~`.d~nga now o~ hereafta s~tuate on sa~d land and on all cquipmero and personally covered by this mor s9s, w~th ali prem~v~ns thereon pa:d ~n f~ll, f~re ~~~s~rance In the uswl srandard po:~cy torm, in s s~m appro~ed by the MOR~vAGEE, a+~d w~~ds~o insurance in ths usual s~anda~d po!•cy Form, in a tum approved by ~he MORTGAGEE, in such company or companies as the A~ORTGAGEE m direct; and all fire and windstorm ir.surante po~~c~as on any of sa~d build~ngs, any interest the~cin or pa~l thereuF, in the aqgrega~e ~um aforesaid in sxcess thereof, shall :on~ain ~he usual standard mortgagee clause a such o~her clause ss the Matgaget may requ~re, making the loss under sa~d po cief, each and every, payab~e to said A10RTGAGEE as its interesl may appear, and each and every such po!~cy shall be promp~ly ass gned and de~ivered ~ a~y held by se~d MORTGAGEE as fw~her srcurify ro uid mor~gage drbt, and, not less than ~e~ (10) days in ad~ance of the e,pirat~on of each pol~cy, to d~ live~ to said MORTGAGEE a renrwal thereof, ~oge~her wifh a rece~pt for the prn~nium oi such ~enewal; and there shall be no f~re o~ wEnds~orm insuranc piaced on any of said buildings, any i~rerest there~n or part the~eof, un'•ess in the form and wiih ~he ~oss payab!e as aforesaid; ar.d in ~he event any sun of money bccomes payabte under such policy w pofciea said MORTGAGEE shall have the opnon ro receive and app:y Ihe sarue on account of the indebted neas secured hereby or to permit sa~d MORTGAGORS ta re:eive and use it a any part the:cof for orh~•r purE.oses. ~v~~ho~f th_~.~or w.:iw~~g o. ~~np..~. ing any eq~~ty, li~n or right undrr or by virtue of this mo:'gage; and in the event ss~d M~RTGIIGORS shatl :or any reason fail to keep ~he sa~d pre~n~srs so insured, o~ fail Io delive~ promptly any of aa~d poGcies oi insurance to said MORTGAGEE, or fait promptiy to pay fu;ty any pr~mi~m therefor or in a~y respect fail to perform, dischar9e, execute, e(fect, completr, comply wirh and ab~de by th~s covenant, or any par~ hzreo(, sa~d MORTGAGEE may piace a.~o pay fa such insurance or any part thereof w~thou~ waiving w affecting any option, lien, equity, or r~ghi under or by vir~ue of th;s h~ortgage, and the full amo~nt of each and every such payment shall be immediately due and payable and shatl bear interest from ~ha date ihereof until paid at the rate o1 nlne per centum per annum and together with s~ch inte~est shali be srcured by the lien of this mortgaga 1. To ptrmit, commit or su((er no waate, impairmenf w deterioration oi said property ot any part thereof. 5. To pay all and singular the costs, charges and e:penses, inciuding a reasonable attorney's fee and costs of abst~acts of title, incur~ed or paid af any time by said MORTGAGEE, because or i~ ?he evenl of the failure on the pare of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. exrcute, effect, comptete, comply wuh and ab:de by each and every the sripulanons, agreements, cond~~~ons, and covenann o( sa~d prom~ssory note and th~s mortgage any w either, and sa:d costs, cha~ges and expe~ses, each and every, shall be immediately due and payabte; whether o~ not there be nonce dr mand, attempt to collect or svit pend~ng; and the full amount of each and every such payment shall bea. interest from ~he date thereof until paid at the r~te Of ninC per centum per anu~m; and all said costs, cnarges and eapenses incurred or paid, together w~th such interest, shall be secured by the Gen of th~i mo?tgage. 6. That (a) in the event of any breach of this Nlortgage or de.`ault on tFr part of the MORTGAGOR, or (b) in the event any of aa;d sums of money herein referrnd to be not pranptiy and fuily paid with~n thirty (30) days next after ~he same severa:ly become due and payable, wiihout demand o? nohce. or (c) in fhe event each and every the stipuiations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any or either are nol iuly, prompNy and fully performed, dlscharged, execured, eifected, complered, compl~ed with artd a6lded Sy, then in e+ther or any such event the sa~d ag gregate s~m mtntioned in said pro.~nisso~y note then remaining unpaid, with interest accrued, and a~t moneys secured hereby, shall become d~e and pay- aeie forthwith, or lhereafter, at ~he option of said MORTGAGEE, as fully and co~n I~~y as ii all p~tFx,~{y~; pf money we~e onginatly st~pulated ro be pa~d on such day, anything in sa:d promiasory note or in this Mortgage to the contrary notwjthstanding; anti'ifiefeupon a thereafter at ths op~~on of sa~d MORTGAGEE. without notice or demand, sult at law o~ in equity, therefore or therea[ter begun,'may be prosttatA~ ~s,?f+l, mc~eys secured hereby nad matured pnor to ~ts institution. r ~ 7. That in the event tAat at the beginn~ng of or at any time pending any su~t upon this Mo.~gsge, w to foreclose it, or to refqr it, or to enforce payment of any claims here~nder, said MORTGAGEE shall apQly to the Court having ~urisd.ct;on thereof for the appointment of a~(~ece~v~~ ~uth Coun ahall forthwith appo~nt a reteivr of said mortgaged property a(I and singular, includ~ng alt and s~ngular the income, p~oi~ts, issues and revenues fran whate~er source derived, each and every of wh:ch, it being expressly understood, is hereby mortgaged as if speuficaiiy set forth and desuibed in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and efiective (uncr~ons and powers in anyw+se entrusted by a Court to a Recriver, and s_ch appointme~it shall be made by such Court as an adm~rted equity a~d a matter o( absol~te r:ght to said MORTGAGEE, a~d without reference to the adequacy a inadequacy of the value of ihe property mortgaged or to the so~vency o~ insolventy of said MORiGAGOR q the defendants, and that suth rems, profin, intane, iss~es and revenues shall be appiied by such Receiver accord~~~g to the lien or equity of said MORTGAGEE and the Fractice of such Courf. 8. To dufy, promptfy and fully pe~lo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulalions, agreements, conditions and covenants ~n sa~~ promissory note and this mortgage set forth. 9. That in the event the owne:ship of the mortgaged premises, or any part thereof, 6ecomes vested in a person other tha~ the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wirhout notice to the AtORTGAOR, deal wi~h su:h successar w successw in interest with reference to this mortgage and the debt hereby secured in the same manne~ as with Mortgago~ without in any way vitiating p d~xharg~ng the Mortgagors' liability herr under w upon the debt hereby sec~red. No sale of the premises hereby mor~gaged and no forbearance on the part of the MORTGAGEE or its svccessors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, a~iall operate to releau, dix'r.arge, modify change or affect the original liab;lity of the MORiGAGOR herein, either in whole or in part. 10. It is spedf~cal~y agreed that t~me is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cvred hereby sfisli at any time thereafter be held to be a waive? of the terms hereof or of the instrument secured herby. ; 11. In add~tio~ to the fwego ng month!y paym~nts of princ pa~ artd interest required by the prom~ssary note secured hereby, mortgagor covenants I and agrees to pay to mortgagee v~Ith each momhiy payr,~ent an add~donat sum est:mared by mo~tgagee ro be equal to !/12 of the annual cost of the foilow- in~: j A-All real property taxrs lev~ed or assessed aga~ost the above desc~~bed reaf estate. ~ B-Premiums on fire and v.indstorm insurarce as here~n requ~red to be carried on the ~mprovements s~tuate on the above deacribed premises. ~ C-Premiums on such mortgage gua~anty ir.surer,ce as mortgagee shail frcm t~me to time deem fit to carry on the ~oan secured hereby. ~ Mortgagee sha~l f.om time to t~me nor~fy mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and ~.ayable on the due oafe of the ne,t momh!y payment and each successive month thereafrer uctil mortgagee shall notify mortgagor of a change in such ( a~^o~nt. $uch sums sHaii be applied by mortgagAe touard the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance oremiums. IN WITNESS ~•1HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afweuid. ~ ' ned, Sealed and ivSr in the presence ofc ~ ' . ~HbZ . ~V~~S~~ . (Seal) ~ ~ D~-~- (Seal) ~~TflZrd~~ (Seal) ~ (Seal) ~ SiATE OF fLORIDA ~ Lucie ~ ~ couNrr o~ St • 1 Before me personally appeared ~{01115 ~11. VOSe~ .lt • a~ ~ ~ Moniea VOSE' his wife, to me well known and;known to me to be ~ ~ rhe individv~ls described in and who executed the faegang instrument, and acknowledged befwe me ihat they executed the seme for the purposes ~ therein exprcssed. And fhe said t`nn ~Ca V O 5 EA ~ s: wife of the said ~01115 ?V• VOSE'~ .JIs - upd?i a upuet~ snd private ~ examinat~on by me taken separate and apart from her said husband, ac4nowledged to and before me that she executa~ said instrument freely and votun- " rar~ly and without any compulsion, constraint, apprehens~on, fear of w from Fxr said husband. t. , ~ < / I . = ~ WITNESS my hand and offiual seal this day of bruary A. D. '19 72 ~ . ~ ~ Notary Public in and fw tFK ,$tM~'+pf , ~-pl_ ~ge ; ~ My Commksion expires: ~ ~ t ~ ~ • ~ - Return To: NOTARY PY8lIC, StA''fE o( FLORIDA at LARGE ~ Fint Federal Savings 6 loan Assotiat~on tiSY CpMM1SSI0N EXPIRES SfPT. 25. 1975 ~ Of Fo.+ v~r-ce. ganded @y American Bar.kers tnsurance -o. ; i = Fort Pierce, Florida ~ F LED AND RECOR~D ' S~. LUCIE COUNTY LA. / N ROCER POITRAS ~ CIERK CIRCUIT COURT ° This Instrument Prepared By John tr'. Collins RECORD VER~f1E0.,~.....,~ First Federal Savings 8~ Loan Association ~~a 2 is P~l ~ of Fort Piercq Fln rida Checked By 2~~ r=~~ 851 ~ ~~1~ ~~1~~6 iV s , . _ , _ _ " .I 4 . Y.. '~r _ . . . . , - ~ . _