HomeMy WebLinkAbout1968 3. To place and continuously keep on ~he bui!dings ~ow o~ herea(ter ~~tuate o~ said land and on all equipnem and perionally covered by thii ma
ags, wi~h ali premiums thereo~ pa~d in full, lire insurance in the usual standard pot~cy form, i~ a sum approved by ~he MORIGAGEE, a~d winds~o
insuranca in the usual standa.d po~~cy fam, in a sum approvrd by the MORTGAGEE, in svch company or companies as the MORTGAGEE rn
diretl; and 'ail tire and windsto~m insurance po~~cies an any of said bui~d~ngs, any interest therein o~ part thereoi, in the aggre9a+e tum ~Iwesaid
in excess ~he~eof, shall contain the usual standard matgagee clause w such other clause as the Mor~gages may rcqu'ue, making Ihe loss unde~ •a~d po
cies, each and every, payable to said MORIGAGEE as i~s interest may appear, and each and every such pol~cy shall be p~omp~~Y ass.gned and de~iverrd ~
any held by said MORiGAGEE as turther security to said ma~gage debt, a~d, not leu than ten (10) days in advance of the expiration ol each pol~cy, ro d.
livsr to taid MORTGAGEE a re~ewal Ihereof, logelhe? with a reteipt fw the premium oi such renewal; and there shall be no f~?e ur w~ndstor~r i~turanc
pleced on aoy of said buildings, any i~terest therein a part therco(, unless in the fo~m and wi~h ~he lois payable as afo~esaid; a~ in ~he event any sun
of money beco~s payable u~ such policy a poGcies uid MORTGAGEE shall Mve tAe option ~o receive and apply the same on accouM oi the ~~~debted
ness secured hereby a ~o permit asid MORlGAGORS to receive and use it w any part thereof fa osh~r purE~osrs, ..~~hout th+.co~ wsi~~n~ o~ ~~np~~r
ing any equity, IiM a~~yht under ot uy virtue of this mo:!gage; and i~ the event said MORTGAGORS shatl fw any reason fai) to keep the said premis.:s so
insured, w(ail fo deliver promptly any o( said policies of insurante to said MORTGAGEE, w(ail promptly to pay fully any pre~nium therefor or in a~~
respect fail to perfam, discharge, execute, e(fect, complete, comply with and abide by this covenan~, a any pa~t hzreoi, said MORTGAGEE may place a~~d
pay tw suth insurance a a~y pa?t thereof without waiving Ot alfettinp any option, lien, equity, or right under a by virtue of this Mwtgage, and tht
`.ull amoum of each and every such payment shall be immediately due and payable and shall bear interest from ~he date thereof until paid at the rate o1
nine per centum per annum and to~ethe~ with suth interest shaH be s..~cured by tM lien of this matgage.
1. To pe~mif, commit o? sufim no waste, impairmeM or deteraration of said property w any part thereof.
S. To pay all and singular tFx costs, charges end expenses, including a reasonable attaney's fee and costs of abstracts of title, incu~red o~ paid at
any time by said MORiGAGfE, because or in the even~ of ~he fa~lure on ~he part of ~he said MORiGI?GOR to duly, promptly and fully pe~(orm, d~xharge,
execute, effest, complete, comply with and ab:de by each and every the stipulatwns, agreements, co~ditions, and covenants ol said p~omissory r?ote and thii
ma~gage any a elther, snd sa~d costs, chsrges arxl e:penses, each and every, shall be immedia~ely due and payable; whNher w not there be rwtke d~
mand. attcmpf to collect w suit pend~ng; and the futt amou~i oi eaci. and everY sucfi~ pay~jf++~ siw4t aea' ~:~teres{ 's,~'$ tt~.~`e~~ i~i'! ~'a ~~r
r~te o~ nine per centum per am~um; and all said costs, charges and expenses inturred or paid, togelher w~th suth interest, shall be secured by the lien oi this
morlgag@.
6. 11wt (a) in the event of sny breach of this Matgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d svms of money
herein referred to be not p~omptly and iully paid within Ih~rty i30) days neat afrer the same severetly becoax due and payable, without demand w notice,
or (c) in the event each and every the stiputations, agreements, conditions and covenanq of sa:d promissory rate and th~a mortgage any a either are not
~uly, promptly and fully performed, d~uharged, ezecuted, e{fected, completed, complied with and abided 5y, then in either w any svch event the said ag
gregate sum mentioned in said promissory note then ~emaining unpaid, with iNerest atcrued, and alt moneys secured hereby, shall betome due and pay-
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if al! of the said sums of money were aiginslly s~~pulated
to be pa~d on such day, anything in sa:d prom~sswy note or in this Mortgage to the contrary notw~thstand~ng; and thereupon vr thereaitei at the option of
said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereaf~er begun, may be prosecuted +s if all mo~eys secured h.ereby
had matured pnw to its institutiw~.
7. That in the event that at the beginnirg of or at any time pending ~ny suit upon this Mortgage, w to fweclose it, or to refo•m it, or to enfo?ce
payment of any claims he~eunder, said MORTGAGEE shall apply to the Cou?t having jurisd~ction thereof for fhe appointment of a Rece7ver, svch Court shall
forthwith appoint a receiver of said mortgaged property all and singular, includ~~g all and singular the income, profits, issucs and revenues from whatever
source derived, each and every of wh~ch, it being expressly understood, is Fiereby mortgaged as if spec~ficalty ut fath and deuribed in the g~anting aRd
habendum clauses hereof, and svch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cwrt to a Receiver, and
s~ch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, ~nd without reference to the
adequacy w inadequacy of the value of the property mortgaged or to the sotv~.u~~ or insolvency of said MORTGAGOR a Ihe defendants, and that such
rems, profits, incane, issues and revenues shall be appl~ed by such Receiver accwd~ng to the tien w equity oi said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgrcemenis,
conditions and covenants in sa~d promissory note and this mortgage set fath.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes ~eated in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest wi~h reference to this
mortgage and the debl hereby secured in the same manner as with Mortgagw w~thout in any way vitiating a dixharging the Mortgagori liability hertr
under or upon ~he dri~~ hereby secured. No sale of the Fremises hereby mortgaged and no fabearance on the part of the MORIGAGEE or its successors
or auigns and no extension of the t+me fp the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate
to release, dixharge, modify change or afieci the original liabJ~ty of the MORTGAGOR herein, either in whole w in part.
10. It is spec~fically agreed that time is of tFx essence of tfiis contrad and that no waiver of any obligation hereunder o? of the obligatan s~
c~red hereby shatl at any time thereafter be held to be a waiver of the terma hereof or of the instrument secured herby.
11. In add~tio~ to the forego:~~g monthly paym~nts of princ'pal and interest requ~red by the promissory nore secured hereby, mortgagor tovenants
and agrees to pay to mo:tgagee with each monthly pay.,~ent an add~~ional sum estimated by matgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-AII real property taxrs levied or assessed agai~st the ahove described real estate_
B--Fremiu~ns on fire and windstorm insurarce as herein requ~red to be ca~ried on the improveme~ts s~tuate o~ the above dascribed premises.
C-Premiums on such mortgage guaranty ir.sura~:ce as mortgagee shaU from tlme to time deem fit to carry on the loan secured he~eby.
Mortgagee shail from t~me to time notify mortgagor in writing of the amount due and payable hereundrr and such surn shall thereupon be due and
f F.ayable on the due date oF~the next monthly payment and each successive month ihereafter u~.til morfgagee shall notify mortgagw of a change in such
a~~~oum. Such sums sFall be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, a~~d mortgage guaranfy insurance
premiums-
IN YJITNESS WHEREOF, the said M RTGAGOR s hereunto set his hand and seal the day and year irst af esaid.
Signed. Sealed and d' ed in t Exesence of:
~ l a4
G• 8• W81t@IS (~a~y
~ .l~C~ An ~ (Sea4
Alliece walters ,~,q
STATE OF FLORIDA ~ ~ •
St . Luc ie
COUNTY OF
Before me personally appeared G• B• c~lter s snd
Allieee walters his wiie, to me well known and known to me to be
the individuals destribed in and who executed the fwegang instrurtKM, and etknowledged before me fhat they executed the same for the pwposes
therein expresxd. And the said Allieee ylldlt6Y3
w~(e of the said G• B• walters _ ~P«, s rate and private
examination by me taken separat. and apart from her said husband, acknowledged to and before me that she executed said instrument ly and vol~n-
rarily and withovt any compuision, constraint, apprehe ion, ~~ar of or from her said husband.
WITNE55 my hand and official seal this - day of Y ~;.~~+~r,, 1972
~ ~ _ •t; .
Nota Public in and fw af~~ f{o~f it 3~'.~
• My ommiuion eapires:
Return To: , • ; .
~}A A~'U~R~;
First Ftdera) Savings 6 loan Association ' r
Of Fort P~erce. M} _ S1~~ij
j~,
fort Pierce. Florida . V:~~.
, .
• i vS i1~,~. '
. ~ ~ ~ ,
This Instrument Prepared By : G8?zy Sllwood 3 ~ye piECOR
fLA-
First Federal Savings 8~ loan Association f1~E~c~~ ~puM1Y ~
. of Fort Pierce ~ Flor ids 33450 St~ RGCER Cp RT ~
c~EaK c ~ a
. aECOpo a ~ a~+~Z
Checked By , ~'l
~
~ ga~~ 2U~ P~1966 ~os2