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HomeMy WebLinkAbout0965 1 3. To p~ace and conrinuousiy keep on tire bu~.J~ngs no.v or hrrt•~tter ~,t.,itr en s~~d land and on al; eq~~p~nenl and personatiy cove~ed by ih~s mor •ge, with ell premiumf ~ttiereon pa!d ~n full, fire insura~~:i ~n ti~, us~al steiid~rd po'~~cy furm, in a wm aHproved by the A10R~GAGEE, and wu~d?to ins~rante in the us~al arandard pot.cy form, in a surn app~o.ed by the MiJRTGAGEE, in su:h company cr co~~~pan~es as the A10RiGAGEE m direct; and all fi~e and w+nds~orm insu~ance pa~:~,~s on any of sa~d bu~ld.ngs, any inre.rs~ therein or part thereof, in the a99~ega~e sum aforesa]d in eacess thereof, shall comain the usual sta~~dard mor~y.~gre c~ause or wch other clause as tha hlatgagee may requ~re, mak~ng tha toss undrr sa~J po ties, each and every, payab!e ro sa~d \~JRTGAGEE as ~ts ~n~,:rast may app~~ar, and eech and every svch po~~c~ shal~ be piompi~y aas gned and dr:~:ared ~ any held by sa~d h10RiGAGiE as iurther security ~o sa~d n:aigagn d~bt, a.~d, not leu than ten (101 days in adYa~~ce of the expira~~o~~ of each pol~cy, to d~ liver to said MORiGAGEf a renewal thcreof, together with a rrte~p~ lor the prrnuum of such rene~al: and there sha;l ba no f.re or w~ndsto~m inwrant placed on any of sa~d b~lld~ngs, any imerest ~here~n o~ parr rharcof, un:ris in th~ form and w~~h ~he Ioss payabfe as afcresaid; and i~ the eveN any sun of money becomes payable undrr s~ch pol~cy or poLc~es said MORTGAGEE ihall have il~e oN';on tu rece~ve ~nd ap~:~y the sa~ne on acco~ro of the indabr~d ness secured he~eby or to permit said /AORTGAGOR$ to recrive and use it a any p: rt th~~:eof icr o~r~rr pun osrs. .•,;~i:o~t ~h~~. n,r .va~.~.~3 0~ ~~'•p~~~ ing any equ~ty, lien or right unde~ a by virtua of this mc:'yaga; and i~ the event sa.d MORTGAGORS sha!I for any reason fail to keep the said premises so inswed, or fail fo deGver promptly any of sa~d poi~u~•s of insurance to sa,d h1pRiGAGEE, or ia~t p:omptty to pay f~~ly any pre nwm thcrefor or in a~Y rospect fail to perform, d~scharge, execute, eifect, con~pietr, co:~~p~y •,ivi~h and ab~de by thls cove~ant, or any p3:1 hrraof, sa~d MURTGAG~E may p~ace a~~d pay to~ such insurance or any part thereof without w•aiv~ng or afkctin9 any option, Gen, equay, or r~~ht u~ider or b~r virtue oF this hlortgage, a~d the full amouN of each a~d every such paymrro shall be immed~ately due and payable and shail boar interest from tha date thereof until p.,~d at ?he rate of nine per ca~tum per annum and to~eth~•r wi!h wch interest shau be srwred by the lien of this mortgage. 1. To permit, commit or sufier no waste, impainnent or deter~oration of said property or any part thereof. ~ 5. To pay aH and singular the costs, charges a~d expenses, induding a reasonable attomey's fee and costs of abstrads of titie, incurred w paid at' ~ any time by said MORTGAG:E, betause a in the event of the fa~lure on ?he part of the sa:d MORTGAGOR to duty, pro~~ptly and fully perform, d~scharge ~ execute, etfect, complete, comply w~th and ab,de by each and every the stipulauon~, agreements, conda~ons, and cove~~ants of sa~d pra.nissory note and th~s mortgage any w either, and u:d costs, charges and expenses, each and every, shall be immad~alely due and payabtz; whether w not there be ~once da ~ mand, attempt to cotlect or suit pend~ng; and the full amount of each and eve.y such payment shall bea. enterest from the date thereof until paid at the i r~te o~ nine per ceniwn per anuun; anc' all said costs, cha~ges ar.d expenses incurred or paid, together wdh such interest, shall be secured by the lien of this matgage. 6. That (a} in the event of any breach of this Mortgage or defaull on the part of the MORTGAGOR, or {b) in the event any of sa:d sums of mo~ey herein referred to be ~ot promptly and fully paid w~thin th,rty i30? da~s ne,et airer the same severa:ty bec.~ne due and payable, without demand o~ notlce, or (c) in tha event each and every the uipulations, agreements, co~dt~ona and covenants of sa d promisso~y note and th~s mortgage any or either are not ~uly, promptly and fully performed, d:scha~g-~d, executed, eltected, compteted, compiied w~rh and ab~ded Sy, then in either or any such event Ihe sa~d ag gregate sum mentioned in said promissory no~e then remaining unpaid, w~th inrrrest accrued, and ai{ moneys setured hereby, shall become d~e and pay able forthwith, or thereafter, at the opnon of sa~d hlOR1GAGEE, as fully and compleiely as i1 atl of the sa~d sums of money were origina!ly st~putated ro be paid on such d:.y, anything in sa.d pro~n~ssory note or in this hlorrgage ro the con~rary notw~thstandfng; and thereupon or thereafter at the option of said MORTGAGEE, w~thout notice or de~nand, suit at law or in equny, therefore or thereaiter begun, may be prosecuted as ii all moneys secured hereby had mawred pr~or to es institunon. 7. That in the event rhat at the beg~nn~ng of or at any ~~me pending any suit upon this Mo{tgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said h10RIGAGEE sfiall appiy to the Cou~t ha~ing ~ur~sd~uion thereof for the appo~mmeM of a Reteiver, such Court shall fo~thwith appoiM a receiver of snid mortgaged propttiy all and singufar, intlud~ng a:l and sin9ular the intome, prOfds, isSues and revenues fran whateve? wurce derived, each and every ot wh~ch, it be~ng express'y undersiood, is herrby morrgaged as if speufically set iorth and dexribed in the granting and habend~m clauses hereof, and such Receiver shail have a~! the broad and effft~i~e funct,ons and powers ir. anyw~se entrusted by a Court to a Receiver, ar.d such appointment shali be made by such Court as an ad,nitted equity and a maner of absolute r~ght to said MORTGAGEE, and wifhout re(erence to the adequaty or inadequacy of the value of the p~operty mortgaged or to the so:vency or ~nsolvency o1 said MORiGAGOR a the defendants, and that such rents, profits, incane, issues and revenues shall be appiied 6y such Receiver accord~ng to the tien or equity of said MORiGAGEE and the practice of such Cour1. 8. To du1y, promptly and fully pe+fo:m, discharge, ezecute, effect. complete, comp~y with and abide by each and every the stipulations, agrcements, conditions and covenan~s ~n sa~d promissory note and th;s mortgage set forth. 9. That in the event the.owne?ship of the mortgaged prem~ses, o. any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, in successon~and assigns, may, without nonce to ~he h10RTGkOR, deal w~th such successw o~ successor in interest with reierence to this mortgage and the debt hereby secured in the same manner as wifh Mortgagor with~ut in any way vit:ating o~ d~scharging the Mortqagori liability here- under~ o~ upon the deb~ hereby setured. No saie of the Fremises hzreb~ mor~gaged ar.d no forbearance on the part of the MORTGAGEE or its successors a assigns and no exre~s~on of the time for the payment of the drbt h~reby secured g~ven by the MORTGAGEE or ita successors cr au:gns, s~iall operate to release, d~scharge, modify change or affect the orig~nal Gab~lrty of the MORTGAGOR herein, eitner in whole or in part. 10. It is speuficaiiy agreed that time is of the essence of this contracr and that no waiver oi any obGgat~on hereunder or of the obligatan st tured hereby shall af any time thereafter be held to be a waiv=r of the terms hereof or of the instrument secured herby. I 1. In addlf;o? to the forego'ng monfh!y paym_nts of princ pal and inferest requ~red by the promtsscry nore secured hereby, mortgagar covenants and agr~es to pay to mort~agee v.i~h each m.onrhfy pa~,.,ent an add~rional wm esnn ared by mor:gagee to be equal to 1;`12 of the annva! cost of the follow- ina_ A-All real property faxrs levi~d or auessed aga~•ist the above described real estate. B-Premfu~ns on fire and wlnds~onn insurarce as herein r~u;red to be carr~ed on the ~mrrovements s~toate on the above described premises. : C-Premiwns o~ such mor+gage g~aranty ir.s~ra~.ce as mortgagee shall from t me to time deem fit to carry on the loan sewred hereby_ ~ Mortgagee shail from time to time ~otify mortgagor fn writ~ng of the a.r.ount due and payable hereundrr and such s~m sha11 thereupon be due and ~ payable on the due date oi the next monthiy payment and each s~ccessive month thereafter ur.til morigagee shall notify mortgagor of a change in such 'i amount. Su.h sums s6a:l be app•.~ed by mortgagee ~oward the payrr,ent of real property taxes, insurance prem;ums, and mortgage guaranty insurance premiums. IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sig ed a rve in the p~esence o6: ~j ^E ~ Seal) , Ia At~rell ~~aq ; L l ~ ~ (Sea4 ~ S~i38r1 At~rell (SeaO STATE OF fIORIDA S5. ~ couNn oF St. I.ucie ~ i Before me perwnally appeared ~+BrI'~ Ati~~. and ~ Susan AtWell ~ his wife, to me well known and known to me to be the individuats described in a+nd who executed the foregoing instrument, and acknowtedged before me that they executed the same for the purposes tF~erein expressed. And the said Su33~1 Ati~.'~ wife of the said ' ~+3rI~ Atil@ll 4 , ~pon a separate and private j exam;nat~on by me taken separate and apart from her said husband; acknowledged to and before me that she executed said instrurr~ent freely and volun- ~ tarily a~d without any compulsion, conatraint, apprehens~Q,~~r fear of or from her said husband. _ WITNESS my hand and officiat seal this_ y 4C - day of March A. D. 19 ?2 ' Notary Pub ~~n artd fo? the tate of Fbride ~t lar~e My Comm on expires: Q 7~ Return To: Fint Federal Savings 8 loan e?ssoc~af;o~ . M~COAI~PSSION EXPIR SFAUGR~~ 6. 1975~ O( Fort P erce. ~ GENERAL INSURANCE UNDERWRITERS. ~rIC. Fort Pierce, Florida • ~ • • ' . ~ ~ fI~EO AMC RECORDEO This Instrument Prepared By J. H. RObel't.8~ . dl`r , w, tT. ~UCIE COUN7Y FIA. ROGi1 P~?TRAS ~c First Federal Savings 8 Loan Association : CLERK C'~?CU{T COURT-~ of Fort Pierce~ F102'~da °s~:~~•;~ = RFC~F3 YE~+f~EO.,,.~.1L Checked By - MA~ 1 O IO 33 AM ~ 1 Z ' BOJi~ 200 9S5 zzsz~s is ~ - - - - - . - - ~ , ~ _ ~ > ~ ~ gy ,~F b - _ 4.~ ...SSLr~ 3"~_5 ,~--~~~i_ ~e 'v~_'h.....'.'~:~.'~...r~~. ~c~,. r . ~ . . _ ' f. ~ z ¢ ."''L+