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HomeMy WebLinkAbout0740 3. To plac• and continuously keep on the bui!d~ngs now or fiereafter utuate on sa~d Isnd and on all equ~pment and personally covered by ~h~s mw ege, wilh •II premiums thereon pa~d in full, tire ~nsurance in the usual standa~d po~rcy form, in a sum approved by tht MORiGAGEE, and w~~dsto ~nsu:ance in ihs usual standard pol.cy lam, in s s~m approvrd by the MORTGAGEE, in such company or companics as ~he MORiGAGEE m dnecl; •nd all firs and windstorm insurence po~~c;es a? any of sald build~ngi, +ny in~erest therei~ or part the~eof, in ~he aggre9a~e s~~n aforesald in excess Ihereof, thall contain the 'usual ita~tdard ma~~gagee tlause or su:h other clnu~e at the Mwtga~ce may reqwre, making the loss undrr ta~d po ues, each snd every, payable to said MORTGAGEE as ~ts in~ere~t may appear, and each and every su<h poi~cy shall be prompuy ass gned and dr~rvered ~ any heW by said MORIGAGEE as (ur~her security ro said mwtgage deb1, and, ~01 leu than ~en (10) day in advance of the expiration of eech policy, lo d. liver to ~aid MORiGAGEE s renewal Ihereof, topether with a receipt for the premium oi such renewal; and there shail be no f~re or wi~~ds~o~~n ins~ranc placed o~ any of said buildings, any in~e+est therein or part ?hereof, unless in the fo?m and wiih the loss payable as a{oresaid; and in the evenl any s~n of mpney becpme~ payabte under iuch polity o~ policies said MORTGAGEE shall have the op~io~ to reteive and apply tha same or+ account oi ~he i+~drbt~d ness secu?ed hereby w ro pe~mit iaid MORTGAGORS ro receive and use it a any part thereof for osnc~ purposei, ~v~~ho~l ~h~<<u~ w~~~~~~ ~•»p~~~ ing any aquity, lien or righ~ under or by virrue of ~his mo::gage; and i~ the event sa~d A~ORTGAGORS shall fa any reaso~ fail to keep the sa~d prem;s~~s so ~ insured, a fail to deliver promplly any of said policies of insurance to said MORTGAGEE, oi fail promptly to pay f~lty any pre~n~~m therefor or in a~~ respeu fail ro pertorm, d~scharge, eaecute, efie!t, comple~e, comply wi~h and ab~de by this covenant, or any par~ hzreof, said MGRiGAGEE may p~oce a:o ~ pay for such insurance or ~ny part thereof w~thout waiving or afiecting any op~ion, lien, equity, o~ rigM unde~ w by virtue of this Alortgage, and thc full amount o( e+ch and every such payment shall be immediarely due and payable and shall bea~ interest from the date thereof until paid at the ~ate oi n~ne per centum per annurn and to~ether with such interest sha{i be secured by the lien af this mortgage. 1. To permit, commit or suffe? no waste, impairrtcent w deterio~ation of sa~d property or any part thereof, S. To psy all and singul~r the costs, charges and eapenses, induding a reasonable attwney i fee and costs of abstracts of title, incurred w paid at any time by said MORTGAGEE, betause w in the event of the fa~lure on the pan of the said MORTGAGOR to d~ly, promptly and fully perform, d~sche~ge. execute, effect, complete, comply w~th and ab:de by each and every ~he stipu~ahons, agreemenn, conditions, and covenams oi sa~d prom~ssory no~e a!.d ih~s mortgage any w either, and sa+d costs, cMrges and expenses, each and every, shall be immed~ately due and payable; whether w not there be not~ce d~ mand, attempt to colletl or suit pending; and the full amount of each and every suth payment shall bear interest from the date the+eof untii paid at ihe rate of nine per centum per annum; and aH said costs, charges and eapenses inturred w paid, together w~th such intercst, shall be setured by th~ lien of thi~ mort~aqe. 6. Thst (a? in the evenf of any breach of this Mort9age w default on ths pan of the MORTGAGpR, w;b) in the event any of u:d sums of money herein refe~red to be not promptly and fully paid within th~rty (30) days next airer the same severa'ly become due and payable, without demand or notice. o: (c) in the event each and every the stipulations, agrcements, cond~tions artd cove~anta of sa;d promiswry note and tA~s mortgage a~y a e~ther are not ~uly, promptly and fully perfwmed, d~sciwrged, execured, effected, completed, complied w~rh and abided 5y, then in either or any such event ~he sa~d ag gregate sum m~ntioned in said promisswy note then remaining unpaid, with interest accrued, and all moneys setured hereby, sha~l become due and pay- able fwthwith, w thereafte~, at the option of said MORTGAGEE, as fuily and completely as i( all of the said sums of money were wg~nally st~puiated ro be pa;d on svch day, anything in sa:d promissory note or in this Mortgage to the con~rary notvrithstandinq; and tlxreupon o~ thereafter at the opt~on of said MORTGAGEE, without notice w demand, suit at law w in equity, therefwe o? thereafter begun, may be prosecuted as if all money secured hereby had matured pnot to its institutwn. 7. That in the event that at the beginn~ng of or at any time pendi~g any suit upon this 1No.tgage, or to fweclose it, or to ~eform it, or to enfo~ce payment of any claims hereunder, said MORTGAGEE shall apply to the Gourt having ju~isd.ction thereof for the appo~ntment of a Receiver, such Court shail iorthwith appoint a rcteiver of said mortgaged property all and singular, includ~ng all and s~ngufar the intome, profits, iasues ~nd revenues from whateofr~ sovrce derived, each and every oF wh~ch, it being expressly undenrood, is hereby mongaged as if spec~fically ut fwth and desuibed in ~he g~anr~ng ~d~[ ~ habendum clauses hereof, and such Receiver shall have atI the b~aad and effective funcnons and powe~s in anywise enlrusted by a Gourt to a Receiver, ap~ •_ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to ` adequacy w inadequacy of the value of the property mongaged or to the so~vency or insolvency of said MORiGAGOR p the defendants, a~d that ie~ts, profits, incane, issues arsd revenues shall be appl~ed by such Receiver acco~di~x~ to the lien u equity of said MORTGAGEE and the practrce of sv ~ COUrt. R 8. To duly, promptly and fully perform, discharge, execute, e(fect, complete, comply with and abide by each and every the stipulations, agreeme~t~,j conditans and covenants in u~d promisswy note and th~s mwtgage set forth. ~ ~ ~ ti n- 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a{xrson other than the MORTGAGOR, thi ~ - AtORTGAGEE, its succeuors and asstgns, may, wi~hout notice to the MORTGAOR, deal with svch successor or successa in interest wi~h reference to thi~ mor+gage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~xharging the Nbrtgagors' Iiability ~cr~ . under or upon the debt hereby secured. No sale ol the p~emises hereby mo~tgaged and no forbearance on the part of the MORTGAGEE w its succeuors.. t or assigns and no extension ot the time fw the payment of the debt he.eby secured given by the MORTGAGEE o~ its successas w au:g~s, a~ull operate ~o release, discharge, modify change or af(ect the original liab~lity of the k.ORTGAGOR herein, either in whole or i~ part. - 10. h is specificatly agreed that time is of the essence of this contract and that no waiv~r of any obligation hereunder or of the obligation s!-. { c~red hercby shall at any time thereafter be held to be a waner of the terms Aereof or oi thc instrumeM secured herby. ~ ? ~ 11. In addnion to the faego ng mo~thly paymants of princ pal and inrerest required by the p+om~ssory nore secured hereby, mortgagor covsni6tsi and agrees ?o pay to mortgagee wirh each mon~hly payment an add~~ional sum est~mated by mortgagee to be equal to i/12 of the annual cost of the fallow- ~ng: ~ A-All real p~operty taxrs lev~ed or assessed agaiast the above desvibed real estate. B-Prrmiums on fire and windstwm insu~ar.ce as here~n requ~red to be carried on the ~mproveme:+ts situate on the above dascribed premises_ C-Premiums on such mortgage g~aranty insurance as mortgagee shall 4rom t~me to time deem fit to carry on the ban sec~red hereby_ 'i Mwtgagee shall irom time to t]r:ie notify mortgagor in writing of the amoum due and payable lxreunder and such su~n shall thereupon be due end ; cayable on the due date of tha next monthfy payment and each successive momh thereafter urtil mortgagee shall notify morigagor of a change in such a~-,ouN. Such sums sF.all be apptied by mortgagee toward the payment of real property taxes, iasurance prem:ums, and mwtgage guaranty insurance F c•emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first sforesaid. [ ' , Sealed and deliv e pr ce of: n ' fIlE01?NL~ RECOROEO ~ ' h`'~ (Seaq ~ St.IUCiE ~OUMTV FIA. 4~ 1~Iarie Jackson, a singla adult~an ~ - ~ocEF Pa~ja~s . € - - CLERI~ C~'~~~~T COORT ~ rs,,,q ~ p f~OR~ VF 'tFlEO r..~ (SeaQ t Y ~ STATE OF FLORIDA ,O {+O AI,'~ ~ r a 22s~Cs ~ couNn oF St. Lucie ~ Befwe me penonally appeared ~2'i6 JSCi[SOA~ 8 3~l1~1@ adult 7~ to me welt known and known to me to be ~ ~he individual' described in and who e:ecuted the fwegany instrument, u?d xkr?owledged before me that ~ executed the same for the purposes ~ ~ rherein expressed. ~ ~ ~ - ~ ; WITNESS my hand ~nd official seal this - day of ~rCh A. D. 19 72 a ~ N tary Pub~ic i~ end Stat~ of l~aida d Larye - My Comm~uion eupires: • - - Ret~m Ta ~ F~rst Federal Savings 3~oan Association ~i~~~ ~,~L~~ ~p~ nr ~.pRl ~ T ~"'r'aE Of Fort P.erce MY CC" cr~ -i."i^%S MAR ~S ~.-'~if ~ . 1_.^ L~+~;: Fort Pierce, Flcrida ~~~~lt~L ~iV:.ii~.+~~~t- ~j=~~~l~ ' - . ~ ' / J • - ~ , This Instrument Prepared By J. H. Roberts~ Jr. First Federal Savings & loan Association of Fort Pierce ~ Florida =:t Checked By ~ ~ ~ go~ 200 ~ '7~40 ' ~ F 1 s ~ ~ y i - - _ ~ ~ ~~G ~ ~ xr ~'~r ~;vz~ ~.,j _s~ f rt ~ ' ~ a' ~ -m, . n~. ~4~ s~~~~ `a ~ ~ _ a ~`:'z~ ~5~., x rw-~'.~ _ . _ _ ~ -~..-:~~x~ ~ Y~~w`~-'