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HomeMy WebLinkAbout0012 J. To place and confi~uous~y keep on :+ir b~~.d~~;gs now or her~after s~tuate on sa~d land and on at~ cq„i+~.nem and personally ca+ered by this ma sge, w+th all pren~~~ms thrieon p~d in iutl, I~re insura~~ce ;n ~hr us~a{ sta~~a~d po:~cy fo~m, in a sum aHpio~eJ by the MOR~i,~GEE, and wmds~o ~nswante in the uwal sTandard po:.cy form, in s wm appro~ed by the MORTGAGEE, in such co.npa~y or cot~~pan~es as the AlORIGAGFE m d,red; ~nd aU fi~e and w~ndsrorm insur~nce pol+c:rs on any of sa~d buifd~ngs, any inreresl therein or part thcreoi, in the aggrcgate s~m aforesaid in excess thereoF, shall :o~ea;n ~he usual stand.;rd mo~tgagee uause w iuch o~her ciause as 1he Mortyagee may requ~re, ma~~ng ihe loss under sa~d po c;es, each and every, pa~~b~e to sa~d ~tiJRiGl.GEE as ~rs inter~st may appear, and each and eve~y such pa:;y shall br promptty ass gnrd ar.d del~verrd ~ any held by said MOR[GAGfE as furiher secuiity to sa~d mo~t9age debt, a~id, no~ less ~han ten (101 days in advar.ce o( tha expirat~on of each policy, to d~ t~ver to sa~d MORTGAGEE a renewal ~hereoi, iaJe~hrr wuh a rece~pt fo~ the p~emium of such renewat; and ~here shafl be no fee o~ windstwm i~3uranc ptated on any of said b~ild~ngs, any imeiest there~n o~ part Ihereof, unless ~n the ~orm and wiih the loss payable as aEOresa~d; and in the eYent any sun of mo~ey beca»es payabte undrr s~ch pot~cy or pol~c~es said MUQTGFGEE st,~11 ha~e the op~lon to r:cai.e and app'y t1,a sa~ne on account of the indeor~d ness secured hr~eby or ro pernut sa~d ldORTGAGORS to receive and ux it a any pa,t ~hr:rof tor o:n~ r uu~; ~srs, ...~i,;~i th :v~~:~ ~a cr ~~~:p,.:r ing any equ~ty, lien or right under or by v~rtue of ~his mo:tgage; and in the eve~t sa~d MORT(~AGORS sha!1 'or any ~eason fail to Iceep the sa~d premisea so ~nsvred, w fail to detiver promptly any of sa~d pol~cies of insurance to sa~d MORTGAGEE. or faii prompt~y ro pay fu~ly any p~em,u~n thrietor or in a~y reapect fai! to pe~fwm, d,scha~ge, execu~a, eifect, tompiete, co:nply with and ab~de by this coven.~nt, or any part h.~eo(, sa~d iJIORiGAGEE may p~ace a~~o • pay iw such insurance or any parl ihereof w~thout waivi~tig or alfecting any option, lien, equ~~y, or r~gM under a by vir~ue of ehis Mortgagr, and tl~e fuI! amount oi each a~d e.ery wch paymvnt shaU be immediately due and payable and sha11 bear interas~ from tha du~e ~hereof uroil p~~d at ~he rare of mne per crntum pe~ annwn and to~eth~~r h~th such interest shaii Ge sacured by the lien of th+s mortgage. 1. To permit, commit or suffe~ no waste, impairment or deterio~ation of said property or any part thereof. S. To pay all and singular the tosts, charges and ezpenses, intluding a reasonable attorney's fee and cos~s of abstracts of title, intur~ed or paid af any ti~r.e by so~d MORTGAGfE, because or in the event of the fa~lure on the part of ihe said MORTGAGOR tu duly, prcn~ptly and fully perfonn, d~scha~ge. ~xecute, eifect, compiete,,co•nply w~th a~d ab:de by each and every the st;pulauons, agreemems, condnions. and covenants of sa~d prom;sso~y note and ~h~s ~:ortgage any o~ e~ther, and sa:d costs, charges and expenses, each and every, shall be immrdiately due and payabte; whether or not there be notice da mand, atee~r~pt to cotlec~ or sui~ pend~nc~; and the full ~mount of each and every such payment shall bear inrerest from the date ~hereof un~it paid at the r.,te o~ ~une per cencum prr an~,u:n; a:~c ali sa~d coats, cha:ges and expenses int~rred or paid, together wdh such interest, shall be securcd by the liro of th;s mongage. 6. That (a) in the event of any b+each of this Mortgage or default on tlx~ part of the MORTGAGOR, or (b) in the event any of sa;d sums of money here~n referrrd to be not prwnpHy and fuuy paid wi~h~n th~rty (30) days nex~ after the same severa:ry become due and payable, wi~hout demand or notice, or (cj in the event each and every the stipuiar~ons, agieemeMS, con~{itio~~s and cove~ants of sa.d promissory note and th~s mortgage any or e~lher are not ~uly, promptly and f~Ily performed, dscharg_d, exec~eed, effec~rd, canpleted, compi~ed with and a6~ded 5y, then in either or any such evmt the sald ag- ~regate sum ment~oned in said pran~ssory r,ote thrn remaining unpaid, with interest accrued, and a+! moneys secured heieby, shall betome due and pay note forthwith, or ti~erea~ter, at the opnon of so~d MORTGAGEE, as fully and completc!y as ii afl of the sa~d sums of money were onginatly shp~;ated to be paid on wch dcy, anything in sa.d prornissory note or in this Mortgage to Ihe to~t~ary notwiti+standn.g; and thereupon w thereafte? at the option o} sa:d MORTGAGEE, v~~rhout norice or demand, suit at law or in equity, therefore or thereatter begun, may be prosecuted as if all moneyi secu~ed hereby n,d rnawred pnor to as instit~t~on. 7. That in the event that at the beginn~ng of or at any time pendi~g any suit upon this Mortgage, or to forecfose it, or to reform it, or to enforce paymenf of any ciaims hereundar, said ttORTGAGEE shall apply to the Court bavhzg lur~sd.ci.on Ihereoi tor the ap~wintment of a Receive~, such Court shail Ecrthwith appoint a receiver of said mortgaged property ali and singular, inc;vd~ng a:l and s~ngu~ar Ihe inco~ne, protits, issues and revenues from whatever s~~rce derived, each and every of wrh:ch, it b.:ing eapressly understood, is hereby mortgaged as ii apec~fitalty set lonh and dastribed in ~he granting aRd h~bendum clausea hereof, ar,d such Rece~.~er shali have all the broad and effecnve f~ncT,ons and powers in a~ywise envusted by a Court to a Receiver, and s~ch appointment shall be made by w.h Co~~t as art adnitted eqvity and a mattet of absol~te right to said h10RTGAGEE, and withouf refe~ence ro the adequaty or inadeqvacy of th.e val~e of the prope~ry mo~tgaged or fo the so.vrncy o~ inso~v~ncy of said MORiGAGOR or the defendants, and that suth ie~~~s, profits, income, issues and revenues shall be applied by sucb Receiver accordmg to the Iien or equity of said MORTGAGEE and the practice of such Court, 8_ To d~ty, prompt~y and futly perforrn, discharge. execute, effect, complete, comply wirh and abide by eath and every the stipulations, agreements. condirons and covenen~s m sa~d promis:ory note and ~h~s mortgage set forth. 9. That in the event the ownersh~p of the mort~aged premises, or any part thereof, becomes vested in a pe~son other Ihan the MORTGAGpR, the :••QRTGAGEE, in successors and ass~gns, may, whhout r.oTfce to ihe MORiGAOR. deal w~th wch successor or successor in inte~es? with referer~ce to this rrortgage acd the dcot he~eby secvred i~ the same mannrr as witn Mortgagor w~thoul in any way vit;ating or d~scharging the Mortgagors' tiability here- ~nder or upon Me debt hereby sew.ed. No sale of ihe Fre~,~ses h~reby mortgaged an~ no forbearance o~ the part oi the I+~ORTGAGEf or its successors or ass~g~s and ro ea~ens:on of rhe t;me fo. the payment of the debr hereby secured ,given 6y the ~AORiGAGEE or its wccessws or ass~gns, ahall operate ro release, d~scharge, mc,d~fy ~hange or affect the orig,nal Gau~;~ty of the MORiGAGOR herein, either i~ whole or in part. 10. It is spec':f~cal:y agreed that time is of the essence of this contract and that na waiver of any obllgat~on hereunder or of the obtigafion se- cured hereby shali at any rin:e rhereafre~ be h~•td to be a waiver of fhe terms hereof w of the instrumeM secured herby. I l. In add.t;c~ !o the forege'ng rnonth!y payn~•_nts of priec pal and imzrest requ~red by the prom ssery na'c secured hereby, mortga~ar tovenants +~~d agrees to pay to mo:tgagee v~ith e~ch r.,o~~rh:y pa;r. ent an add r~ona~ sum esr•n:aied b/ mor~gagee to be equal to 1: 12 of Y:e annual cost of the follow- A-AN rea! prope~ry tjxas lev~~d or assesieri A(331•)51 rhe acove desc~i~:d rral estate. 6-Pr,,~~,~~~ns on f~re and w~~zdstorm insu~acce as i,er~in requ:red to be carri~d en th~ ~mExoveme~ts s:tuate on th~ above d=5cribed premises. C-Pre~niu~. s o~ s~ch mortgsge guaranty icwrar:ce as mortgagee shali froT t me to time deem fit to carry on tne loan sec~red hereby. Mortgagee sha!1 from ti~ne tp tcne nohf~ mortg3ger 1n wr~t~ng of the art;o~~f due and payabfe hereundt~ and such Sum shall thereupon be due and ~.ab;e on the t+.ue ciare of the next n,omhiy payr.,~nt and each success~ve mon!h thereaher ur.tit mortgayee shall notify mo~tyagor o4 a change in such ount. Such sums sFa:i Le a~.~~!ied Ly ~r.ortgag_e toward the payment of reai property taxes, insurance prem:ums, a~~d morrg~qe guaranty insurance ,~.,e~niums. IN V11iNE55 WHER~OF, the sa~d 1'AORTGAGOR has he.e~nto set h~s hand and seal the day and yea 'rst a resaid, Signed, Seaicd and detiver in the presence of: " , an St h C~ H te ~a~y (Sea1) _ _ retta Hunter ~~ai~ S~A1E OF FLORIDA - S5. COU'dTY OF St. y~Gie ~ Before me personally appeared _ St~Zlefl C~ Hunter and Loretta HW7teZ his wife, to me well known and known to me to be rhr individuals described in and w6o exec~ted the foregoing instrumeni, and acknowledged before me that they executed the same for the purposes sherein expressed. And the said Loretta Hun ter . +~~fe of the said _ ~ ! St hen C. Hunter a~,r~te~.oa ~.ry,n c•¦am~nat:on by me take~ separate and apart from her said hvsband, ack~owledged to a~d before me that she executed said instrument;ftp,e~y snd volun- ~ar:1y and w~thout any compuls~on, constraint, apprehens~on, or fear of w irom her said husband. ~ WITIVESS my hand and officiat seal th~s-___ 2flfJ _ da of une • ' , A ~ B: .tq 72 Notary P c in a~+d the ~ of Eiar~d a~~y~ ~ My Commission ex s: Retum To: ; ~ ~ ' First federal Savengs 3 Loan Associa7~on or r~rr P~:~~. FILEO AN'~ FECORDEG , ' Fon P~c.ce. Flortda ST.IUCIi C'~~1NTY FLA. , RO'v~' f 'RAS ; CIE~t. G: :~L' ~ COURT QFCC:~Z'::~ :0 This Instrument Prepared By ~ry F~ EllwOp~i ~ 15 { ~1 ~?Z First Federal Savirgs & loan Association J(~ J of Fort Pierce~ FloYida Checked B,~z--- 23~'~"~~ . ~OOK PACE J 5 ' R 2~3 ~2 ~ . N ~ ~ , ~ _ ; ~ ~ ~ ~w ~ ~w ~ y-~r~~ ~ < ~ . . ~s ~-~a _