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HomeMy WebLinkAbout2062 r 3. To place and conlinuous~y keep on 1he bu~'d~ngs now or hereaf~e~ ~~wate on said land and on a~l equipmenr and per~ona~ly covered by this mo~ age, w~th •11 prem~uma therron pa:d in fu~l, f~re inswance in tha usual sranderd polity form, in a svm approved by the MOR~GAGEE, and w~ndsto ~nsurence in the usual ~tandard pol.cy lam, in s sum app~o+ed by the MORTGAGEE, in sucA company o? tompan~es as the MORiGAGEE d~rccl; •nd all (ire and w~ndsto~m insurance po~~ues on any of said bu~td~ngs, any interest therein or pa~t thereof, in Ihe aggiegate tum aloresaid in excess thcreot, ~haU co~tain the usual standard mortgagee ciause o~ such o~her clause as the Mor~gagee may reqwre, mak~ng rhe loss under aa~d po ues, each and every, payable to said MORTGAGEE as ~ts interest may sppear, and each and every auch po!~cy shall be promptly ass gned and det~verrd ~ eny held by sa~d MORiGAGEE as furiher setu~ity to ta~d mortgage dzbt, and, not less than te~ (t0) days in advance of the espiration of eech pol~ty, to d• I~ve~ to said MORTGAGEE a re~ewat thereof, ~ogether wieh a race~pt ior the prem~um of such ~enewat; and thrrs shall be no t~re or w+~~ds~or~n insura:+c plsced on any of said build~ngs, any intereit the+ein a part thereo(, unless in the iorm a~xf wi~h ~he toss payable as aforesaid; a~d in the cvent any sun ~ of money becomes payabte under such policy or poGc;es sa~d MORiGAGEE shall have ~he opr~on ~o recefve and app'y the same on account of ~he indab~~d i ness secu.ed hereby o~ ~o permft sa~d MORTGAGORS ~o receive and use it a any pa.t the:eof for o:~cr purposes. .~.~+ho~t ihr.b~ w.:iri.~3 0~ ~~~~p:.~~ ' ~ng any equ~ty, Gen w ri9ht unde~ a by vufue of this ma:tgage; and m the evem sa~d MORTGAGORS shall iw any reawo (ail ro krep ~he aa~d prem~ses so ~ insured, or fail to detive~ p~ompfly ~ny of said poGcies of iniursnce ~o sa~d MORTGAGEE, or fa~l prompNy to pay fully any prenu~m therefor or in a~y rospea fail ro perfam, discharge, execute, e(fed, complete, comply wiih and abide by this tova~am, o~ any p.~~t hareaf, said MORTGAGEE may p~ace a~~d ( pey for such insurance or any parl ~hertof without waiving or alfetting any option, lien, eq~~ty, u r~gh~ under w by virtue of th~s Mortgage, and thc full amouM of eath and every such payment shall be immediately due and payable and shall bea~ interest trom Ihe date thercof umii pa~d at the rate ol n~ne per centum per annum and to~ethe~ with tuch i~~rerest shau be secured by the lien of this mortgage. 1. To permit, tommit or suffer rto waste, impairment w deterio~atio~ of ssid property ot any part thereof. S. To pay all and singula~ the costs, charges and expenaes, including a reasonable atrorney's fee and costs of abst~acts o( fitle, incurred or paid at any time by said MORTGAGfE, betause w in the event of the fa~lure on the part of the said MORTGI~GOR to duly, promptly and fully pertorm, d~stharge eYecute, effecf, compiete, comply w~th and ab:de by each and every the stipula~eo~s, agreen,ents, conditio~~s, and covena~~ts o~ said pro~nissory ~ote and ~hi~ mortgage any w either, and sa~d costs, charges and eapen~es, each and evcry, ahall be immrd~ately due and payable; whether o? not there be nof~ce ds mand, attempt to cotlect or suit pend~ng; and ?he full amount of eacii and e~ery s~ch paymenf shall beer int~rest from Ihe drte the~eof until paid at the ~.+te of nine per centum per annum; an~+ all said costs, charges and expenses incurred or paid, togzther w~th such interest, shall be secured by the lien of th~t matgags. 6. That (s) in the event of any breach of this Mwtgage or default on ?he part of the INORTGAGOR, w tb) in the event any oi u~d sums of money herein refHred to be nor promptly and fully paid wi~hin th~rty (3U) days next arrer the same severa:ly bec.~me due and payable, withaw demand o? norice, o~ (c) in the event each and every the stipu~atio~s, agreeme~ts, cond~tions and covenants of sa:d prom~ssory note and th~s mortgage any a either are no~ iuly, prompHy ~nd futly performed, d:scharged, executed, elfeded, comp!eted, compS~ed with snd abided Sy, then in e~~her or any such evem Ihe said ag _ ~regate sum mentioned in said prom~ssory note then remaining unpaid, with interest accrued, and a!~ ~noneys secured hereby, shall become due and pay- abie forthwith, w thereafter, at the opt~on of sa~d MORTGAGEE, as 1ul~y and completely as i( all 01 tf,e said sums of money were or~ginally shpu;ated to be pa~d on suth day, anything in sa.d p~om~ssory note or in this Mortgage to the tontrary notwithstanding; and thereupon w thereafter st the option of said MORTGAGEE, without not~ce w demand, suit at law w in equity, therefore or thereaf~er begun, may be proxcuted as if all moneys secured hereby nad matu~ed prior to ds institution. 7. Tha~ in the evcnt that at the beginrt~nq of o~ at any time pendin9 any suit upon this Mort~age, or to faeclose it, or to reform it, or to enforce paymem ol any claims hereunder, ssid MORTGAGfE sha~I appty to the Couri haring ~wnd~a~on thereof 1,tF~e~aPpointment oi a Rece~ver, wch Cou.t shall fcrthwith appoiM a receiver oF saed mortgaged property all and singutar, includmg all and s~ngular fNd in~~me, profifs, issues and revenues lrom whete~e? source derived, each and every of wh:ch, i! be~:g expressly unders~ood, is hereby mortgaged as if apeci(icalty tef ialh snd deuribed in the granting and habendum clauses hereof, and such Receiver shall have all the b~oad and efiective funct,ons and powers in awyw~se entrusted by a Court to a Recriver, and s~ch appointment shall be made by such Co~rt as an admitted equity a~d a mat~er oi absolute right to said MOR?GAGEE, and without reference to the adequacy a inadequacy of the value of the prope~ty mortgaged or to the so~vency or ~nsolvency ot said MORTGAGOR or the defendants; and thal such re~rs, proiits, incane, issues and revenues shall be appl~ed by such Receiver accwd~ng to tfie lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully p~~form, discharge, execute, e~fect, complete, compfy with and abide by each and every the stipu3ations, agreements, # conditions and covenants ~n sa~d promissory note and this mortgage set forth. ~ 9. Thet in the even? the ownership of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its wccessors and ass~gns, may, without not~ce to fhe MORTGAOR, deal w~th such wccessw or succe:sor in interest with refereRCe to thia r^origage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or d~stharging the Mortgagors' liability here- under oa upon the debt hereby secu~ed. No sale of the Fremises hereby mo.tgaged ar.d no forbearance on the part of the ~110RTGAGEE or its successors or ass~gns a~d no exte~sion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or aas~gns, a~~all operate to releau, d~scharge, modi(y change or aHect the orig~nal liab~lny of the lNORTGAGOR herein, either in whole or in part. ~ 10_ It is speuficaliy ag~eed that time is of the easence of this contrac~ and that no waiver of any obl~gat~on hereunder a~ of the obligation sr ~ c~rrd hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. E ; 1'1. In add.t;on to the lorego ng month!y payments of pri~c pal and interest requ~red by the prom:sscry no!e sec~red hereb~, mortgagor covenants ~ and agrees ro pay to mortgagee v~~th each monrh~y pay~nem an add,uonat sum esnmated by mortgagee to be equal to 1 j 12 of the annual cost of the foilow- j ~ng: i ~ A-All real propcrty taxes levied or assessed against the above described real estate. ~ B-V~emwms on fire and wir.dstorm ~nsurance as here~n ~equ~red to be carried on the improvements sltuate on the above d:scribed premises. k C-Premiums on svch mortgage guaranty ir.surance as mo~tgaqee shall from, tfine to tirne deem (iT to czrry on the loan secured hereby. f Mortgagee shail trom time to time notity mongagor in writing of the amou~t due and payable hereundrr and such surn shaEl thereupon be due and ~ ~ayabte on the dve da!e of the ne,et month!y payment and each successive month the.eaiter ur.til mortgagee shall nof~fy mortgagor of a change in such ~ a~~o~nt. $uch wms shaN be apphed by mortgagee toward the payment of real p~operty taxes, insurance prem.ums, and mo~tgaye g~aranty insurance r n•emiums. ~ IN V~ITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ' i , SeaEed and de ' in the presence of: ~ ~ ~ ~ ~~--e.^''v~` _ T~ t5ea4 1 $ ' ~ _ bedee Cr lei Jr. ~x,~ ~ ~ - ~ (Sea4 ~ _ Delores Crumpler ~~ap STATE OF fLORIDA ~ ~ S5. ~ CvUNTY OF SL . L~1C1@ ~ Befwe mc personally appeared Zebedee CZLDpiC! ~.1Z . _ a~ ~ Delores Crumpler his wife, to me well k~own and Ivwwn to me to bs ~ the individuals described in and who executed the foregoing instrument, and ackrtowladged befwe me that they executed thsj f~iYw ~#or the purposes , ~ ' .r - _ rnerein expresxd. Md the said I~IOZES CtLlIDpl@Z •""'i ~ :wi ~ Nife of the w~d Z 6 C~"IIIY ler .lY~~• ~nd prrvate ~z e.am~nat~on by me take~ separate a~d apart fro~n her said huaband, acknowledged to and before me that six execufsd rA' Irq~tul~nlr~~t~~r and volur?- ~-P rar~iy •nd w~thout any compulsion, constraint, apprehens~o~, or fear of a fiom her said husbsnd. -,•S- ~ - WITNE55 my hand and offic~al xal this_ 14th day of Februar ~ ~ ~ r~ D. 19 72 _ - r+~~? ~ ~ Notary Public in and rpr ,~t1~l. $f~~ 0(1~' af grqe = My Comm~ssioo expires: .J;• - Return To: ~ _ First federal Savingi 6 loan Aswciat~on NOTARY'~I~C{STAj~d FLOR~DA iI LARGE MY COMMISSION ~O(PIRES SEPT. 25. 1975 of Fo~~ P~erce. Bq~Qed B~r Aruerian Bank Insunna Co. - Fort Pierce, NWida fIlEO ~?MO RECOR~~O - 5T. LuC~E cOUMtr ; ;~.y; This Instrument Prepared By .lohn W. Collins ~pGE~ POITRAS ~Q ~ First Federal Savings & loan Association CLERK Ct~.CU1T COUR? ` 0 , ;:`:i of Fort Pierce , Flozida RfCORC YEF:FIEO ~ Checked By fEe ~6 " Sl 1~7 22393'7 r~: ~199 ~2~i ~ - _ _ _ _ - - _ . ~ .~M