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HomeMy WebLinkAbout0010 Ta p1.r~ •nd contMUa,s1y ?~~p on ehe bu~ d,nps ~ww a Mre~l~N 41vi~~ on sa~d la~d and on ~1: ~q~~pnent ~~d pe~w~ully tover~ by Ihis mo~ p~. w~rh •11 prem~um~ ~he~eon pa.J m lull, fue miw•~ca ~n rM uwat su~da~d potKy lam. ~n ~ wm apwortd b~ ~he 1NOR~G~GEE. •nd w.~.d~~o ~n~w~nc~ in ~M u~wl ~~~ndard pol.cy fw~n, in •~wn ~pp~o:ed b~ tM N1~RiG.*GEE. in ~uch c«npany or tv~~p~~~et a> >M MORIGAGEE m dueu; a~+d all lir~ and w~nJ~rorm ~nsuru+c~ polK~es on ~~y o( s~id bu~id.nps, ~ey int~resi ~he~e~n or pan thereof, io th~ a~yn9~~~ Wm dae~a~d in ~ac~s1 lhereol, ~Mtl conrain ~h~ usu~l ieandud mor?paqN dws~ w wch o1M~ clauN as IM Mw~ya~ee may requ,r~. m~\i~p ~he ioss u~+der t•~d po ue~, each and w~ry, parab~~ ~o s~~d MORiGAGEE as ~~~erc~~ may ~pp~u, ~nd e~ch and evs~y auch po~~c/ s~+~~l be P?a^P~~Y •~~9'~~ +"d d~i~vered ~ •ny held by u~d MORiGAGEE ai (ur~h.-r iewrity ~o ~.id mw~pap~ debt, and, no~ I~u ~Mn t~n q01 d~ys in at~vdnCO of ~he eap~ra~~on of each po~~cy, ~o d~ I~vN fo taid MORTGAGEE a r~newal ~hc~cof, toqethN wi~h • race~p~ 10~ tM premiwn ol iuch ~enewal; and ~her~ shatl be no f~re a w~nds~o~m in~uranc ptKed on any o( said buildings. ~ny i~tereit Ihatein a part Ihereof, unttss in tFw fam and with ~M lou payable as alwei~id: and in tht evsnl any tun of mon~y becanei pay+ble under such policy w pol~cias u~d MORTGAGEE shall haw ~hs op~~on to ~ec.~ve anei appty ~M same on accoun~ 01 ~he indeb~ed nesi setured hereby or ro permit said MORTGAGORS lo reteive and us~ it p any patl thereo) tor o~~~_~r pu~;~osrs, ~•.:theut th,~.ur xs~~: o~ ~~np~~~ iny any equity, lien w righl under or by virtue o1 this mor!ga9e; ~r+d in the evero sa~d MORiGAGORS shali fw any reason fail lo keep ~he said p~emisrs so +nw~ed, w fail to deliver promptly any of said policiea o~ inswance to said MORTGAGEE, w fail promptly to pay fulty aey pre~~~um the~efa or in a~y respect fail b perFpm, d~scharge, execute, effect, tomplete, comply with and abide by this covenant, a any par~ hareof, said MORTGAGEE may place a~d pay fp such insu~ante a ~ny part thereof w~thoul waiving or aifectiny s~y optan, lien, equlty, o? right under o~ by vi~tue oi this Matgsye, and the full amount oi each ~nd every tuch paymem shall be immedietely dut aod payabk and shal: bear intere~t trom ~he date ~hercwf until paid at the rate ol nine pe~ centum pev annum and to~eihe~ with suth i~terest shall be secured by the lien of Ihis mortgage• ` 4. To permit, commit or suffea no waste, imp~irment or deteriwatio~ of said prope~ty w ~ny part thereof. S. To pay all and singular the costa, charges +m1 expenses, includiny a reasonable attaney i fee and costs of abstrads of title, incur~ed o~ paid a~ any time by said MORTGAGEE, because w in the event of the failure a+ the part of ~ha ssid MORTGAGQR to duly, prornptly and fulty per(wm, d~xharge, execute, effect, complete, comply with and ab:de by each a~ every the stipulations, sgreemenb, conditions, and cove~ants ~f said promissory no?e and ~h~i mwtgage any w e~the~, and sa~d costs, chargq and eapcnses, cach and every, shall be immediately due and payable; whe~her w not there be notice de mand, aitempt io coiied w suii pend~ng; and the full amount of each and every such payment shall bea. interest (rom the date thereof u~til paid at the rare of n~ne per crntum p.;r annum; and all said costs, charges and eapenses incurred w paid, ~ogethe~ w~~h such interest, shall be secured by the lien of tha mongaga. 6. That (a) in the event of any breach of this Mortgage w default on tM part of ~he MORTGAGOR, or (b) i~ the event sny of sa~d sums of money herein referred to be not promptly and tully paid wi?hin Ihirty (30) days ~ext after the same sevcra!ly become due and payabte, without demsnd or notite, or (c) in the event each and every the stipula~ions, agre~ments, cond~tions and covenants ot sa;d prom~ssory note and th~s mor~gage a~y a either are nat - ~uly, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied with and abided Sy, then in e~ther p any svch eveM the sa~d ag gregate wm mentaned in said promisswy note then rema~ning unpaid, with in~erest accrued, and all moneys secured F?ereby, shall become_ dve and pay- able forthwith, w thereafter, at the option of sa+d MORTGAGEE, as fully and completely as if all of the sa~d sums of money were wiginally stipufated to be paid on such day, anything in sa:d promissory note or in this Morlgage to the con?rary notwirhatanding; and thereupon a thereafter at the option of said MORTGAGfE, without notice a demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all mw~eys setvred hereby had matured pr~w to its institutian. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to fweclose it, w to reform it, or to enforce paymeM- of any claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisd~ction thereof for the appantme~t of a iteceiver, such Court shatl Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng aIl and singular the income, p~ofits, issues and revenues from whateve~ so~rce derived, each and every of which, it being expressty understood, is hereby mortgaged as if speciticaily set forth and described in the granting and habendum clauses hereof, and such Receir-er shall have all the broad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointn:ent shall be made by such Court as an admitted equity and a rt+atter of absolute r~ghf to said MORTGAGEE, and without ~eference to the adequaty a inadequacy of the value oi the property mwlgaged or to the wivency or insolvency of sa~d MORiGAGOR or the defendants, and that such ren~s, profits, incane, issues and revenues shall be applied by such Receiver according to the Iien or equity o( said MORTGAGEE and the practice of s~ch CouA. - 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditiora and covenants in sa~d promissory nore and this mwtgage set forth. 9_ That in the event the ownership of the mortgaged premises, w any part thereof, betomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its succeuws and assigns, may, without notice to the MORTGAOR, deal with such succeuor o~ successor in interest with reference- to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~xharging the Mortgagors' liability her~ under or vpon the debf hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successws or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE o: its. successors or auigns, atiall operate to release, discharge, modify change or afiect the original liabi?ity of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this co~tract and that no waiver of any obligation hereunder or of the oblgafan so- cured hereby shall at any time thereafter be held to be a waiver of the ferms hereof or of the instrument secured herby. 11. In add~tion' to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory nore secured F~ereby, mortgagor covenants and agr~s ro pay to mortgagee w~th each monthly payrnent an addfrional sum estimaie~i by mwtgagee to be eq~ai to i f i2 oi the annuai tost of the fOllow- ing: A-All real property taxes levied or aszessed agai~st the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shal) from time to time deem fit to carry on the loan secured hereby. /Nortgagee shatl from time to time notify mortgagor in wrifing of the amount due and payable hereundx and such su:n shall thereupon be due and ~ayable on the due date of the ~ext month!y payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such a~*~ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~zd mortgage guaranty insurance p~emiums. - ~ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afaesaid. 5' ned~ Sealed and f've in the prese~ce of: ~ { / ~ ~ an ~ J R • I.eAtZ (S~s4 s~n _ Cleone w. L.ellt2 ~~a~ SiATE OF FLORIDA ~ courm oF St. Lucie Before me penonaNy appeared Jaek R. I.QAtZ a~ ~ CZ@OII6 W• ~i1t2 his wife, to me well knoyyn and known to me to be ± the individuais desuibed in and who executed the foregang instrument, and acknowledged before me that they executqd ~t~e safiib,•fw the W?*Pesas .i ~herein expressed. And the said C1e0A~ w• ~@ntZ ~~Tr••••••', wife of the said Jaek R. iRllt2 ' ~j~ separ~ tod privste examination by me taken separale and apart from her ssid husband, ackrawledged to snd befwe me that she exet~ifej sa~ '~i Jrihl~it,~eely a~?d volurr . ~ rarity and w~thout any compulsion, constraint, appreheruion, or fesr of w from her said husbsnd. ' ~ ~Qt4 ~ y 31St day of CH Q A D.-19 72 WITNESS m hand and official seal this • ~ . . ( . : ~ > ~ ~ Notary Public in and for ~.~~s,pf.F My Commission expires: ~ 6r'~.`~ ~ ~ dt lIORIDA et LMB~ " Return To: Npjp~1(. P116 ~ Fi nt F e der al S avi n g s b l o an A s s o ci ation • Mv ~ I~~.tl~'~l PIRES S~PT. i 1% Oi Fort P~erce. BO(IdEd ~ a"~~~ Fort Pierce, Florida i1LE~ AMD f ~ n trument Pre red B: John W. Collins ' ~,~UClE C~~' This I s pa y ItOCfR F011 First Federal Savings 8 Loan Association ~~ERK ~~a~1t1~ COllltt ~ . of Fort Pierce , Rlorida 33450 RECOFtO VERIf~ED.~.•~"" Checked ey ~ ~ i' ,1 ~ ~ 600K 201 PACE ~,~`~s'76 . _ { '~~5~ ~ ~ , - - - - - - - - = °;c r,~~ - ~ §~t=~, - . Ya"~.s~-~.. .