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HomeMy WebLinkAbout1694 3. To plece and coNinuousty keep on the Lv~'d~r.gs now o~ hereafter a:~uate en said tand and on all eq~ipmeN and penonally covere~d by this ma age, w~?h ell p~emlums ~hereon pa:d fn fut~. Gre fnw~a~cr ~n ihe us~at s~e~,~ard pol~cy form, in a wm approved by the MORtGAGEE, arid w~ndi~o iniurance in the usual stand~rd pot~cy fo~m, in a sum app~o.ed by ihe h10RTGAGfE, in such company or compa~;es as the A10RTGAGEE m d~rett; and all fire and w~nditorm inswance pol~cfes on any of sa~d bui~d~ngs, any intereit therein or part lhereol, in the aggregaee wm aforesa~d in excess lhereof, shall co~~ain ~he usual standatd mortg~gee clause or such oihe~ clause as the Mor~gagee may requ~re, maki~+g the loss under sa~d po c~es, eath end every, payab}e to said AIORTGAGEE as ~ts intcrest may apprar, and each and every such po~~cy shatl tx prompfly ass gned and detivered ~ •ny he~d by said MOR~GAGEE as fur~her s:wr~ty to said n:origa~e debt, and, not less than ~en (10I days in advanct of the expiration of each poliq, to d. live~ to said MORTGAGEE a renewal thereof, toge~hr~ wi~h a rece~pl for ~ha p~e~nium of wch renewal; and there shall be no f~re o~ w~+~dsto~m insurant plated on any of said build~ngs, any inteiest there~n ot part theieof, u:~~ess in ihe form and with ~he loss payable as aforesaid; and in the event any su~ of money betwnes payab~e unde? such potity or poGcies said MORiGAGEE shall have ihe op~~on to ~eceive and appty the same on acco~m of Ihe indebled ~ neis secured hereby or to permit aaid MORTGAGORS to rece~ve and use i1 or any part thc:rof ior oti~_~r pur~~eses, w~~iio~t thr. o~ ~vaivi ~g c~ unaair ing any equ~ty, lien or righl under or by virtue of this morcgage; and in the event sa:d A~lORTGAGQRS shall for any reason fail to keep ?he said p~emises so insured, w fail ro dzlive~ promptly any of said pofcies of inwrance lo sa~d MORiGAGEE, or (aJ promptly to pay fully any pre~:~ium therefor a in a~y respect iail to per(orm, discharge, execute, elfect, comple~z, canply with and ab~de by this covenant, o~ any part hereof, sa,d MORTGAGfE may place and pay for s~th insurante or any part thereof without waivi.^.g a aifecting any opt~o~, lien, equ~ty, or right unde? w by virtue of this Mortgage, and the full amount of each and every such paymem shall be immediately d~e and payable and shall bear interest irom ~he date thereof until p~~d at the rate o1 nine per centum per annum and to~ethrr with s~ch intarrs~ shaii be sewrrd by tlx lien of this mwtgage. 1. To permit, commit or suffcv no waste, impair~nent or detenoration of said property w any part thereof. S. To pay all and sirgular the costs, charges and expenses, in;luding a reasonable attwney's iee and costs of abstracts of title, incu~red or paid at any time by aaid MORTGAGfE, betause or in ~he event of ~he fa~lure on the oart of the said MORTGAGOR to duly, promptly artd fully perform, d~scharge. execute, effect, canplete, tomply w~th and ab:de by eath and every thc stipulat~ons, agreements, condihons, and tovenants of said promissory note and this mwtgage any or either, and sa~d costs, cha~ges and expenses, each and every, shail be im~nediate!•~ due and payable; whether a not there be not~ce de { mand, attempt to collett or suil pend~ng; and the full amount of each and every such paymeN shall bear interesl from the date !hereof until paid at the ~ rate o~ n(ne per czntum par annu:n; and ail sa~d costs, charges and eM~znses ~ncu~red or paid, toge~her w~th such interesl, shall be setured by the lien of thl~ + mwtgsge. 6. Thal (a) in the event of any brcach of this Mortgage or default on thz part of the MORTGAGOR, or (b) in the event any of sa+d sums of money ~ herein referred to be not p~omptly and fully pa~d within th~rty (3 ) days ~ext atter the same severatly become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, co~ ~r;ons and covenants of sa d promissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d scharged, execured, effected, c•npleted, complied with and ab~ded 5y, then in e~ther a any wch evem the said ag gregate sum memioned in said prom~ssory note thtn remaining ur.pa~d, 'th interes~ accr ed, and all moneys secured heteby, shall•become dve and pay able forthwith, o~ thereafter, at the option of said MORTGAGEE, as fully co iy as ii alf of the said sums of money were or~gina~ly st~pulated to be pa~d on such day, anything in sa:d promisso~y note or in th~s hlortgage to the contrary notwithstanding; and thereupon or therealter at the option of said MORTGAGEE, without notice or demand, s~it at law w in equity, therefo.e or thereafter begun, may be prosecuted ss if all mbne,~s secured hereby had matured pnw to its institution. 7. That in the event that at the beginn~ng of or at any time pending any su~t upon fhis Mo~tgage, or to fweclose it, or to reform it, ~or to enforce paymrnf of any claims hereunder, said MORTGAGfE shall apply to the Court having ~ur~sd~ction thereot for the appointment of a Receiver, such Court shall Furthwith appoint a receiver of said mortgaged property ali and singular, ir.cl~rd:ng all a~~d sing~lar the income, prof~ts, issues and revenues from whatever seurce derived, each and every of wfikh, ir be~ng expressly unders!ood, is F.e:eby mor~gaged as if spec~fically sef forth and deunbed in the granting and habendum clauses hereof, and such Receiver shail have a!1 the broad and efiect~ve fu~~c~.o~is and powers in anywise enlrusted by a Court to a Receiver, and such appointment shall be made by such Co~rt as an ad~nitted eq~ity and a matter of absot~te r~ght to said MORTGAGEE, and without reference to the adequacy a inadequacy of the vaiue of the property mortgaged or to ~he so.vency or ~nsoivency o( said MORTGAGOR or the defendants, and that such rents, profits, incane, issues and revenues shall be appiied by such Rece~ver accord~ng to the ~ien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuily perform, dis:harge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory no!e and th~s mertga~e set forth. 9. That in the event the ownership of the mortgaged prem~ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wirhout notice to the A50RTGAOR, deal with such successor or successor in interest with reterence to this mortgage and the debt hereby secured in the sam.e manner as w~th htorrgagor ~n~thout in any way vit;ating or diuharging the Mortgagors' liability herr under or upon the debt hereby secured. ko sale of the premises hereby mortgaged and no forbe~rance on the part of the MORTGAGEE w its successors or assigns and no extension of the t~me for the payment of the deb~ hereby sec~red give~ by the IAORTGAGEE or its successws or ass~gns, aliall operate ro release, d~scharge, modify change or affect the o: ig~nal liab~l~ry of the MORTGAGOR herein, either in whoie or in pa~t. 10. tt is spec~ficatly agreed that time is of the essence cf th~s contract and that no waiver of any obligat~on hereunde? or of the obligat"an se- cvred hereby shali at any time thereafter be held to be a waiver of the terms hereof or of ihe instrument secured herby. 11_ In add.tio~ to the forego n9 monfh!y paymen~s oi prctc pal and inr~rest requ~red by the prom~sscry no!e secured hereb/, mortgagar covenants and agrees to pay to mo:tgagee r.ith each monthfy pay~,:ent en auu,rional sum est~n:ated b~ mo:tgagee to be equa! to 1,' 12 of ihe annual cost of the follow- ~ ing: ~ A-AII real property taxrs levie~ or assessed agai•~st thc above descr~bed real estate. B-P~emi~ms on fi.e and windsrorm inwrance as here~n requ:red to be carried on the im;;rovemeats s'rtuate on the above dsscribed premises. C-Prerniums on such mo:tgage guaranty ir.sura~~ce as martgagee sha:l from t me to timc deem fit to carry on the loan secured hereby. Mortgagee sha?1 from fime to t~me notify mortyagor ~n writ~ng of the amou~t due and payable hereundrr and such sum shall thereupon be due and Fayable on the due aare of the n~xt month:y payment and each successive monsh thereafter ur.ti~ mortqagee shall notify mortgagor of a change in such amount. Such sums sFaii be applied by mortgagee roward the payment of real propert~ taxes, insurance prem;ums, a~~d mortgage guaranfy insurance ~ premiums. IN WITP~E55 WHEREOF, the said MORTGAGOR has lwreunto set his hand and seal the d nd year first aforesaid. ' ned, Sealed and ivered in the presence of: - Seal) H • ~'i0 IC ~ al) ~ e~Ll8 CO k (Seaq STATE OF FLORIDA ~ COUNTY OF ~11Ci@ I Befwe me personally ~aPQ~ared John H. Coppoek e~ ~ 1'~I18 May Coppoek his wife, to me well known and known to me to be i the individuals desuibed in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the sarrse fw the purposes therein expressed. And the said ~A ~d~/ ~'iO~pOCk _ 't ,nife of the said John H. CoppoCk , upon a separate and private exami~ation by me taken separate and apait from her said husband, ecknowledged to and before me that she executed said instrument freely and volun- tariiy and without any compulsion, cons'raint, apprehensi n, w fear of or from her said husband. WITNESS my hand and offic~al seal this- day of ~r A. D. 19 ?2 ~ Notary PubGc in a~d for t State of Florida ~t•Large, My Commission ezpires: / - Retum To: `/l~~~.`~,/: , ' 7S i_ :'•L. .~i'~, . First Federal Savings 3 Loan Association . Of Fort P~erce. ' " ~ . , Fort Pir.ce, Florida ' - ~ . ` F{LEO AMD RECOAOE! _ ; ~ - _ L~~E COUMiY fL.A. • • . : : ~ sj aocEK ?~~~rn~?S = ~ ~ . ~ ~ .'iU1TC0lIItT %~~J.,'•`=' ~ This Instrument Prepared By J. H. ftObeTts~ J2'. REfOi~~~ G' ~~~~~~•Z~ First Federal Savings 8 loan Association yFRSF~EO ~ ~ ~ of Fort Pierce ~ Florida • ' ~ ~ 14 ~ ~'~Z Checked By L~-- - go~ 200 ~i~9~3 13 ~ - - - ~ _ - _ - . . :