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HomeMy WebLinkAbout0238 3. To p•~ce and conrinuously keep on the bu~ dln~s nox or he~rafter ~~tue~e on sa~d lan~ and on a!I eq.,fpmem and prrsonaUy tov~red by this mor ege, w:rh all pren,i~n~s rhr~aon p~.d m fuil, Lr~ ins~ronce ~n tha osual arand>~d ~wl~cy form, in a su~n aFproved b~ tht MUk~uAGEE, and w:+idsto ~~~wrance in ~he usual era~~dard po..cy fo~m, in a swn appro.ed by the MORTGAGEE, in such co~npany or co:npan~e~ as the I,~ORiGAGEE m d~rect; and ait (ire and w~ndsrorm ins~•ance po'~t~es on any of said build~nys, any interesl Iherein or par? thereof, in the agg~..~gnte sum aforesa~d in exczss thrrcro(, sh~ll :ontoin the us~~l sta~ dud mortyagee ciause or such other c~ouae as the R1~:tya~ee may req~.re, neaMi~y the ~oas undrr sa.d po c~es, each and every, payab'e ~o sa~d A1JRTi,AGEE as ~ts ~ntarast may appear, and each and every such po +cy s~~oll be promptly ass gncd a~~d det~~rred i eny held by safd MORTGAGEE as funhrr s_c~ray to said n~ortyage dabt, and, not leu ~han ren (10) days in ad,;ance of ~he exp~r,tion oi eoch pol~cy, to d~ l,ver to sa~d MORTGAGEE a ~e~~ewal ~he~aof, ~oge~her with a rrce~pt for the prenuum o( such ~en,~a,al; and there sf,ail be no f:~e or wi~~dsturm insuranc pfaced on any o) said build~ngs, any inrzrest therem w par~ the~eof, unfess in fhe to~m and wuh ~he toss payable as aforesaid; and in rhe event any sun of nwney becomes payable us~der such policy or poLc~es s.+id MORTGAGEE shall have the oN~~on to rece~ve ~nd app'y the same on acco~nt of the i~~debtvd ness aec~rzd hrreby o~ ro perm~t sa~d MORTGAGORS to recr~ve and use it p any port ~h~~:eof tor o:n~ r cu~; osrs, ..:~ho:.t ~h f....~.~ o~ ~~~~a~r ; ~~g any equ~ty, I~en or righl undar or by vir~ue of this m~rtgage; and in Ihe eveM sa:d MORTGAGORS shatl Sor any reason fail to keep the sa~d prem~sas so i ~nsuced, o? fail to del~ver pro~nptly any of said po~~cirs of insurante to said MORiGAGEE, or fa~i p:oirptly to pay fu~ly any pr~~r~iurn thrrrfor w in a~y respect fail to pe~fam, d,;charge, exec~te, effect, completc, comply~with and abide by this coven~~~t, or any pa~l hareoi, seid MJRT:aAGEE may p~ace a~d pay fa such ins~r.~nce o~ any par~ thareof w~thout waiving w aifecting any option, ~ien, equ~ty, or r~gM under or by v~rrue of ~h~s AAor~gaga, and ~hc f~;l amoum of each a~~d every such payment shalt be immediately dve and payable a»d shaU brar interest from tha date thcreof until p~id al the rate of n~ne per ceni~m per annum and togethar with such interes? shaii be s~•cured by the lien of this mortgage. To permit, commit or sufier no waste, impair:nznt o~ deteriotatio~ of said property or any part thereof. 5. 1o pay all a~d sing~;ar the co:ts, tharges and expenses, ~~cluding a reasonable attorney's fee and costs of abstracts of titte, incurred or paid ar any ti~r.e by sa~d MORTGAG'_f, because w in rhe event o1 rha fa;lu~e on the parr of the said MORTGAGOR to duly, promp~ly and fully perform, d~scharge. erccute, effec~, canp;rte, compty wnh and ab:de by each and every ~he stipvlatio~s, agreemeNS, conditions, and covenants of said pronussory note and this n,ortgage any or e~~her, and sa~d cosrs, charges and expenses, each and every, shall be immed~ately due and payable; whether or nof there be notice de mand, attem 1 ro coltect or su:t ~ p pend;ng; and the iutl amount of each and every such payment shall bear interest from the date the~eof umil pa:d at ~he rete o~ n~ne {xr crnsum p~~r annu~,; ond ~II sa~d ccs~s, cha~g~s and exp.~enses irxu~red ar paid, together wnh such interest, shall ba secured by ~he lien of th~~ morrgage. 6. That (a) in thc evrnt of any breach of this Mortgage or default on the part of fhe MORTGAGOR, or (b) in the event any oi sa:d suma of money f~~~~ein referred to be not p+cmpf:y and fully paid within th~rty (30) days next airer the same severa:;y become due and payable, wiihout demand o~ nctice, (c) in thr event.each and every the stip~;atm:u, agreements, cond;sions and covenanrs of sa.d p~omissoey no~e and th~s mortgage any or either are not ju;y, promprly and fully performed, d.scharg.d, eaewted, effected, completed, compt~ed w~!h and ab~ded Sy, then i~ e~iher or any such evem the sa~d ag y'~-gate sum mentioned in sa~d prom~ssory note then remaining unpaid, with intere;t accrued, and att moneys setured he~eby, shall become d~a and pay- eo.a forthwith, a thereafier, at fhe opt~o~ of sa~d MORiGAGEE, as tully and completely as ii all of the sid sums of money were originatly stipulated ~o be pa[d on such day, anything in sa.d prom~sswy note or in this Mortgaqe to the conrrary notxithstanding; and the~eupon or thereaiter at ~he option of s~~d MORTGAGEE, w~thoui no~~ce or demand, suit at !aw or in eqwty, therefore a thereaf~er begun, may be prosecvted as if aIl moneys secured hereby r.,d mat~red pnor to ~ts institunon. 7. That in the event ~hat at the beginn~ng of or at any time pend~ng any s~if upon this Mortgage, w to fwectose it, or to reform it, or to enforce i paymCnt of any cia~ms hereunde~, sa~d MORTGAGEE sha!! apply to the Cour~ having ~unsd:ct:on ~hereof for the appo~ntmeM of a Receiver, such Court shail For~hwith apFwint a receiver of so~d mortgaged property all and sing~lar, incl~d~ng all and sing~Iar the in~ome, prohts, issues and revenues from whatevet source derived, each and every of wh~ch, ~r bei~tg express~y undersfood, is hereby mertgaged as if speuf;catly set forrh and descrebed in the granting and i~.~bendum rauses hereof, and s~ch Receiver shall have all the broad and effechve funct,ons a~d pov~ers in anywise entrusted by a Court to a Receiver, and s,ch appointmen~ shall be made by such Court as an ad~nitted eq~~ty and a matter of absolute nght to said "MORTGAGEE, and without reference to the e.f~quacy or inadequacy of rF.~ vatie of the properfy mo.tgaged or fo the so~vency or ~nsolvency of said MORiGAGOR or the defendants, and that Svch r~ ,+s, profits, incane, issues and revenues shaii be app;ied by such Rece~ver accord~ag to the lien or equ~ty of said MQRTGAGEE and the practite of such Court. _ 8. To du'y, prompt;y and fully perform, d~scharge, execu?e, effect, complete, corr~ply w~th and abide by eacF~ and every the stipulations, agreemrnts, _onditions ard covtnants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, o~ any part ihereof, becomes vested in a person other than the MORTGAGOR, the :•.ORTGACyEE, its sutcessors -and ass~gns, may, witho~t norice to the MORTGAOR, deal wirh such suctessor or suctessor in interest with reference to this ortgage ar.d the debl hereby secu:ed in the same manner as vv~th lJlorrgagor without i~~ any way vit:ating or d~scharging the Mortgagors' liability here- ~~~der or upo~ the debt hereoy secured. No sa;e of the Frem~ses hzreby mortgaged ar.d no forbearance on the Fart of rhe MORTGAGEE or its succeuors o au~gns and no e~tens+on of rhe r~me iw rhe peymem of the debt hereby secured given by the IhORTGAGEE or its successors or au[gm, analt operate ro release, dascharge, modify char.ge or aifect the orig,nal Iieb~Lty of tfie MORTGAGOR herei~, either in whole or in part. 10, h is soecificalF~ agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the oblgation se- cured hereby shal~ at any fir.~e the~eatter be he7d fo be a waive~ of the te~ms hereo! o? of the ir~strumenf secured he~by. ~ i l. !n a~d.r.o~ to ~he forege ~i~ month!y paym_•nts of p:i~c pal and interest requ~red 6y tne prom~sscry nore secured hereby, mortga~or covenanis ~~~d ag:~es to pay to mongagee ~~dh each monih!y payr.~ent an add~rionai sum est,ma+ed by mortyagee to be egual to 1, 12 of thN an;iual cost of the foflow- ,3. A-Ali real properry ta<es levizd or asses:ed agai•ist the aEove desaibcd real euate. 8-Pr:rn~uns o~ f~re and wandstorm ~nsurar.ce as nere~n ~equ:~ed to be ca~ried on the ~mproveme~ts s~tuate on tha above d=scr~bed premises. C-Pre:niums on s~ch .r.ortgage guaranty ir.surar,ce as mortgagee shail fro~c r~me to rime deem fit to tarry on the loan secured hereby_ Mo~tgagee sh.,;! fro~r. nme to t~me nosity morty-agor ~n writ~ng of the a~~~ou~t due and payabte hereundar and such surn shail thereupon be due and ab!e on thz c3;,r cia!_~ of the next monthiy payment and each Successive month thereaher ~rni! mcrtgagee shall notify mortgagw of a change in such ~ ount. Such sums s~a:i be app!ied 6y mo~tgagee roward the payment of real property taxes, insurance prem:ums, a~~d mortgage guaramy insurance . •'em.iums. r IN Y~ITNESS '.':HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day d y ar first ~for aid~/•/^~' Signed, Sealed and deiivered in the presente of: ` ~j . " (Sea : Do 1? Dor,a ~a~ , ~ -1 _ San ra J. Mc nald ~~a~~ ~'ATE OF FIORIDA ~JUNTY Of St • Ll]C 1@ ~ _ 1 BeFore me perwnally appeared Don J. ~ieDonald a~ Sandra J. DScDonald ~ his wife, to me well known ar+d known to me to be ~h~ individ~ats desc~ibed in and who executed the foregoing instrument, and acknowiedged befwe me that they executed the same for the purposet i~e•efn expressed. And the said Sandra J• MCI?OTIAZC~ h:.'e of the saFd Don .J~ tiSC~011a1C~ upon s sepsrlt~ and priv~N ' e.am~nat~on by me ta~en separate and apart irom her said husband, acknowledged to and before me that she executed said instr~mer?t.jt~tly and vWuM • r~••:y and w~thout any compu:sion, constraint, apprehens~on`, w fear of w from her said hu nd. - ' E" WITNE55 my hand and off~c;at seai this__ ~Z ~L p~ _ day of , A. D.,19~ otary Publ;c in and lor t!x S!a f f/or" d t~: ~i ' My Commasion expires: / ~ ~ ~s~ ° ' ~ - ~ Return To: - ,!,r - First Federal Savings 3 loan Assodat;on • • 2. ' (lf Fart P..~ce , : ' fort C:arce. Ffcr~~a ' fIlEO aH~ REG~A~O ST.IUCtE ~~UMTI ~ R~;,i ~ . .~Tp~S CLEnK C~.'~~JIT COU~T This Inttrument Prepared By : Gary Elltyoo~r,(tRC =~!ft~D~ First Federal Savings 8 loan Association ~ ort Pierce ~ Florida 33450 b 3 ss PN Checked B - ' 23~ 9~'7 : E ~RM. ~V~ ~A~f ~~10 l' ~ _ , _ ~ ~N~~~ ~ ~ ` ~ - ti ~ = ~ f ~ . ~ ~ ~~~s .