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HomeMy WebLinkAbout0006 3. 1o pLce ar,d can~invous~y kcep on the bu~'dings now o~ hereaf~Qr ~ituatd on sa~~ land and on aii equip~~rn1 and personally covered by Ihis mor ags, wlth sll premiums iha~eon pa•d in full, fire inwrance in the u~ual s~andard po~icy form, in a sum approved by the MORivaGEE, a~~d w~ndi~o ~nwronce in the usuat ~tandard pol~cy form, in a sum app~oved by the MORTGAGEE, in fuch company or tompanies as the AIOkIGAGEE m d~rrc~; and all firs and w~nditorm ins~~ance pol~ues on any of sa~d build~ngs, any interes+ therein or part thereof, in the aggre9a~r s~~n aforesa~d in excess thereof, shall contain Ihe usua: standard mor~gagee clause or such o~her dauss as the Matgagee may requ~le, maAing ehe loss ~~dr~ sa~d po c~es, each and every, payable to said h10RTGAGEE u~ts in~erest may appear, and each and every such po~icy shall be promptlY ass 9~ed and de~~verrd ~ a~y held by sa3d MORTGAGEE as furiher sewr~ty ro sa]d mongage debt, and, not less than ten (10) days in advance of ?he expirat~on of each poGcy, to dc I~ver to said MORT,riAGEE a renewal thereof, togetFxr with a rece~pt for the ptemium o( such renewal; and ~here sFwll be no f~re or wi~~dstor~n insuranc placed on a~y of sa~d buildirgs, any interest ~here~n or pa~~ thereof, unlrss in eF+e form and w~th the Ioss payable as aforesaid; and in the eve~~t any sun of mw~ey becomes payable u~der auch policy w pol~res said MORTGAGfE shall have the opGon to rece~ve and apply the sa~ne on acccun? of the indabt~d neu setured hereby or ro permit said MORTGAGORS to receive and use it w any part therrof for ome~ pur~ases. ~vi~huvt th~~.or wai~in3 0~ n~~p.,~r ing any equ~ty, lien or righ~ under a by virtu~ of this mo:•gage; and in the evenf sa~d MORTGAGORS shall fo~ any reason ia~l to kcep ~he sa~d pre~n~scs so insured, or fai) to drliver promplly any of said policies ol ins~raMe to said MORTGAGEE, w f~~l promptly to pay fuiiy any pre~~~i~m therefor or in any rospect fail to perfwm, discharge, execute, efEecl, complEte, compty wirh and abide by this cove~ant, or any part htreoi, said MORTGAGEE may piace a~d pay fa tuch i~surance or any part thereof without waiving w af(ecting any option, lien, equ~ty, w right under or by virtue of this Mo~tgage, and t!~e full amount of each and avery such payment shall be im,nedietely due and payable and shall bear interest from t:w date thereof until paid a~ the rate of nine per ce~fum per annum and togefher wi~h such interes~ sha~~ be secured by the lien of this mortgage. t. To permit, commit or suffe~ no wa:te, impairment or deteriorat~on of sa~d property p any part thereof. 5. To pay all and singular the costs, chargei and cxpenses, including a?easonable attorney's fae and costs of abstracts of t~tle, incurred or paid at any time by sa~d MORiGAG:E, because a in the event of the failure on the part of ~he said MORTGAGOR to duly, prornp~ly and futly perform, d~uharge. execute, effect, complete, tomply w~th and ab:de by ea:h and every the stipuiaf~on:, agreements, conditions, and covenants of sa~d promisso~y nole a~~d ~hi~ mo~tgage any or either, and w:d costs, charges and expenses, each and every, shall be immedia~ely due and payabter'whether or ~at fhere be nor~ce d~ msnd, attempt to collect or suit pend~ng; and the full a~nount of each and every such payment shall bea. interest from the date thereof until paid at t1,e r.3te o~ nine per crntum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be setured by the lian of this rrwrl~age. 6. Thst (a) in the event of any breach of this Mortgage or defau~t on the part of the MORTGAGOR, or (b~ in the event any of sa:d aums of money herein referred to be not pranptlr and fully paid within th~rty (30) days next atrer the same severa!ly become due and payable, without demand or notice. or (c) in the eveN each and every the stipulatioos, agreemenrs, condirions and covenants of sald promissoiy note and th~s mortgage any or eirher are not ~uly, prompNy and futly performed, d~scha~grd, executed, etfected, tompleted, compl~ed with and aC~ded 5y, then in either w any such event the sa:d ag 9regate sum mentioned in said promisswy note Ihen remaining unpaeo, with inrerest accrued, and all moneys secured hereby, shall become due and pay nb~e forth~vith, w thereafter, at the option of said MORTGAGEE, as fully and complesely as if all of ti~e said svms of money we~e or~ginaily st~putated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mwtgage to the connary notwithstanding; and thereupon or therealter at the opt~on of sa~d MORTGAGEf, without notice or demand, suit at Iaw a in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured he~eby nad mawred pnor to its institut~on. 7. That in fhe event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to ~etorm it, or to enforce payment of any claims her~under, uid MORTGAGEE shatl apply to the Cou~t having jurisd:U~on ~hereof tor the appo~ntment of a Receiver, such Cour1 sha11 fcrthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular fhe income, prof~ts, issues and revenues from whatever so~rce derived, each and every of which, it be~ng expressly understood, is hereby mortgaged as ~f spec~iicaiiy set fath and described in Ihe g~an~uig and h36endum clauses hereof, and such Receiver shall have all the broad and effective funct.ons and powrrs in anywise entrusted by a Cou~t to a Recriver, and s~ch appoi~tment shall be made by such Court as an admitted equity and a matter of absolute right 'to said MORTGAGEE, and without reierence to the adequacy or inadequacy of the value of the property mortgaged or to the so:vency or inso{vency of said MORTGAGOR or the defendants, and ~hat such renrs, profits, incane, issues and revenues shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fvlly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipuiatio~s, agreements, conditions and covenants in sa~d promissory note and this morrgage set forth. ~ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its auccessora and ass~gns, may, wirhout notice to the MORTGAO~, deal with such successor o~ successw in iNerest w~th reference to thie rr.o~tgage and the debt hereby secured in the same manner as w~th Mortgagor w~tiwut in any way vit~ating w d~scharging the hlortgago~s' liability here ~nder or ~pon the debt hereby secured. No sale o( the Fremises hereby mortgaged and ~o forbearance on the part of the IAORTGAGEE or its successo+s ar assigns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its successws or ass~gns, aliali ope:ate ro reiease, d:scharge, modify thange w affect the orig~nal liab~l~ty of the MORTGAGOR he?ein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl~gatio~ hereunder or of the obigation se- cured hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the inztrument secured herby. 1 l. In add~t;o~ to the forego n~ monthfy payments of p.inc pal and inrerest requ~red by the prom;ssory no!e sec~red hereby, mortgagor covenants a~:d agrees to pay to mo-tgagee v~ith each monrhly payr.lent an add~~ionaf svm estfmared by mortgagee to be equal to L 12 of the ann~a! ccst ef the follow- ~g: ~ A-All real property taxrs tevied or assessed against the abovr desc~iyed real esrate. f B-Prem~ums on fire and wir.dstorm irtsu~ar.ce as herein requ;r~d to be ca.ried on the ~mproveme~ts s~tuate on the above d~scr~bed premises. i C-Premiums on such mortg3ge g~aranty ir.surar,ce as morrgagee shali from t~me to time deem fit to carry on the ~oan secured heieby. ~ Mwtgagee sha~l from time to time notify mortgagor in writing of the amount due and payable hereunder and such s~m shail thereupon t,e due and csyable on the due dare of ~he neat month!y payment and eacfi successrve month thereafter until mortgagee shall nos~fy mortgagor of a change in such ~ a,uvni. Sucn surns s~:~:~ b~ ary:~t-~ r.:c::yagee :c:~ard 1~~ payn~enl uF ieai proprrry taxes, msurance prem:ums, and mortgage guaranty insurance ~ premiums. s ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day and year first afor~said. ~ ~ igned, Sealed and d . i the prexnce of: ~ 4a/,~Y~ ~ ~ ~_(Seal) ~ (Sesl) ~ ~~2e~Lc. 'Lf,:~~..xt, n '..r~i i {Seaq - ~c...n ~ ~ . ~ STA7E OF FLORIDA ~ ~ ~ COUNTY OF St . Luc ie ~ Befae me personally appeared James L. Roberts, .J! • and ~ ~YSI Yvonne Roberts his wife, to me well known and known to me to be ~ rhe individuals descr~bed in and who executed the foregang instrument, and acknow{edgcd before me that they executai tFie ~ame fw the ~rrposes 7= therein expressed. And the said ~ry 7~VOT1I16 Roberts James L. Ro erLs Jr. ~z" .vife of the said _ ~ uryoo.~ sK~ ratt end private e.am~nation by me taken separate and apart 4rom her said husband, acknowledged to and befwe me that she exe~ttfecl said inst~umaiA fteerY ~nd voluo- ~ ranly ar.d w~thout any correau~sion, constra~nt, apprehens~oa, 1w~fear of or from htr said husband. WITNE55 my hand and offic;al seal this_ Ul- day of F ~ry A. D.'19 72 ? • ~ _ Notary Pubtic i~ and for, ~/~t! _of ~ lorida at.la~g~ . j My Gommssion eapires: • `.`,i ' . • 3 Return To: . ~ARY~UPI~G~_S'~~~ ~~j FLpRIDAlt LARGE ~ K Firat Federal Savings 3 loan Assoc~atlon MY COMAItSS{OR• Exp~RES S£r T. 25. 1975 Of Fort P:e:ce. ~OfN1eA BJr Anllflqp BiI1~fS ~fls1{pfKt v0. Fort Pierce. Horida " fIlEO AND RfCORDEO ST.IOCIf COUMTY F~~• IIOCEQ ROITR~S ~ This Instrument Prepared By ! John tti. Collins CIERK C~ :CU~T COURT = First Federal Savings 8~ Loan Association Rf.C~fi~ VERIFIE~ of Fort Pierce s Florida ~~7 ~u fEe 28 « Checked By ~ ~ ;y~ 9C~~ ~'rrJ ~ - E . ~ J ~ s~ p _ - ~iY~a,..w_,~...... .v . . . . _ .