Loading...
HomeMy WebLinkAbout0976 3. To place and continuous~y lecp on the bu~'d~nga now or hereafter •+tuate ort se~d land and on aL' cq~;pn,en? and personally covered by ~h~s mor age, w;th all prem~ums thereon pa•d m f~ll, f~re insvrance in the ~sual s~a,xlard poi~cy form, in a swn aHp~o~ed by ~he 6tORCGAGEE, a~~d w~ndsto ~nsurance in tha usual uandard po!:cy lo:m, in a wm approved by the MORTGAGEE, in such compa~~y or tompanies as the AjORTGAGFE m d~rect; and all fire and w~+~dsto~m inswance po~~ues on any of sa~d buiid~ngs, any interest therein or part thereoi, in the aggr~gdle sum atoresa~d in exccss Ihereof, shafl :ontain the uaual s~andard mortgagea ciau:e or such o~her c~ause as Ihe ~do~tyagee n~ay reqwre, maAing tha ioss undrr sa~d po cies, each and every, pay~ble to sa~d MORTGAGEf as ~ts inrerest may appear, and each and eve~y s~cA po:~cy sha~l br pron~pHy ass gned and dat~v~rrd ~ any held by sa~d h10RfGAGEE as funher s.writy to said moitgage debt, and, not les~ Ihan ten (10) days in ad.an~e oi the expuarion of each policy, to d. I;ver to sa:d MORTGAGEE a renewal thereof, toge~hzr wiih a rece~pt for the premium oT such renewa;; a~~d rhrre shaH br ~w i~~e or w;~~dsto~~n insuranc placed on any of satd b~ild~ngs, any interes~,thcrein o~ pa~t thereof, un!eu in ~he form and with the ~ess pa~.~bte ~a aforesa~d; and in the e~en~ any w~ of money becomes payable unde~ such poiicy or polic~es said MORTGAGEE ~hell have the opt~on ro rec~iv~ and apy!y fhe un,e on atcoun~ oi ~he indrbt~d ~ess secured hereby or to pem~it sa~d MORTGAGORS to reteive and use it a any par~ tne:ruf ior o:nrr pu~}•os~~s. ~.nV,~ut ~h_n ~r ~r.::•~ ~3 cr ,~r~p~;r ing any equ~ty, lien or right under w by virwe of th;s mortgage; and in tha event sa~d h10RTGAGORS shall `or any reason iail to keep ~he sa~d prein~sas so insur~~rJ, o~ fail to deliver prompHy any of s~id pol~cies of insurante fo sa~d MORTGAGEE, or foi't prompr7y tp pay fut:y any p~e~~~ium fberefor or in any respect tai~ ?o perfwm, d~scha~ge, eaecute, effect, complerr, cornply with and abide by this covenanf, or any pen hareof, sald MGRTGAGEE may piacr a~tl pay ior such insurance or any part tFereof without vraiving or aifecting any option, lien, equ~ty, or right under or by virtue of th~s Mortgage, and the f~it a~nount of eacA and e.•ery such payment sha!! be imenediately due and payable and shaii bea~ interest from tha datr thereof until pa~d at the rate o} n~ne pe~ cenrum per annum ~nd to~r~h~~r r„~th such iroer~st shali be srcured by the lien of this mortgage. i 1. To permit, tommit w suffer no waste, impairmenf w deterioration of said properry or any parl thereof. 5. To pay all and singutar the costs, charges and expenses, including a reasonable attaney's fee and costs of abstracts oF title, incurred or paid at any Nme by sa~d MORIGAG:E, because w i~ the event of the fa~iure on the part of the said MORTGAGOR to duly, pra»ptly and f~Uy p~r~fwm, d~scharge. execute, e(fec~, cwop:ete, comply w~th and ab:de by each and every the stipulanons, agreements, conditwns, and covenants of sa~d p~anissory note and ~his ~:ortgage any or euher, and sa:d costs, charges and expenses, each and every, shai! be immed~arely due and payable; wherher or ~o? fhere be nofrce da mant~. atrempt to collect or suit pend~ng; and the full amouM of each and every such paymeM shall bea. interest from the date thereof until paid a1 the r.,re oi ni~~e per cantum per an~wrn; anc' ali said costs, charges and expenses irxurred or paid, toge~her wdh s~ch ioterrst, shall be secured by the leen of this mortgage. 6_ That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) i~ the event any of sa:d sums of mo~ey herein referred to be not promptly and fully paid wirhin th~rty (30) days next after the same severa:ty become due and payable, without demand o~ norice. or (c) in thr event each and every the stipulations, agreemenfs, condirions and covenants of sa,d proniissory note and th~s nartgage any or e~ther a~e not ivly, pro~nptly and lully performed, d•s:harged, executed, effecred, compteted, complied with and ab~ded 5y, ~hen in e~ther or any such event Ihe sa~d ag ~r~gate sum menrioned in said prom~ssory nore thrn remaining unpaid, with inrerest accrved, and ait moneys secured hereby, shall become due and pay _ ao'.e forthwit6, or thereafter, at the opt~o~ of said MORiGAGEE, as fulfy ara'~ completely as ii all of the said sums of money were or~gina~ly st~pulated to be pa:d on such d.:y, anyth~ng in sa.d pro~n~ssory note or in this Mwtgage to the contrary notvv~thstandu~g; and therevpon a thereafter at the opt~on of sa,d MOR7GAGEE, wirhou! not~ce or demand, suit at law or in equity, therefore w thereafrer begvn, may be prosecuted as if all moneys secured hereby n<d matured pr~ot to its instnution. 7. Tha1 i~ the event that at the beginn~ng of or at any time pending any suif upon this Mo~tgage, or to forecbse it, or to reform it, or to enforce ~;aymenl of any claims hereunder, sard A10RIGAGFE sha!! apply M fhe Courl having ~u:~sd:a~on thereof fw the appomt~~nt of a Rece~v¢r, such Court shail rc~;hwith appoim a rece~ver of sa~d mortgaged property aU and singular, inciud;ng all and s~ng„tar ~he ir.tome, profrts, issues and reve~ues from whateyer s.: ,rce derived, each and eve~y of wh~ch, it being expressty unde~s~ood, is hereby morrgaqed as if specrTica!!y set forrh ar+d desu+bed in the•grinti~lg and ha~end~m clauses hereof, and such Receiver shall have all the broad and effect;ve f~ncf.ons and powe~t in anyw~se emiusted by a Court to a Receiver, and s_;h appointment shall be made by such Court as an ad:niitzd equity and a matter of absolute ngM to said MORTGAGEE, a~+d without reierence to the a<•'ea„dc~ or inadequacy of ?he vafue of the property mongaged or to the so~vrnq or msoivency o( sa~d NtORiGAGOR o~ the defzndants, and rhat such ~e•,rs, profits, inco.ne, issues and reven~es shall be applied by such Reteiver accord~ng io the Ge~ ot eq~ity of said MOR7GAGEE and tha practice of such Court, 8. To duly, prompt!y and fully perlorm, d~scharge, exec~te, eifect, complete, comply wi~h and abide by each and every the stipulations, agreements, conditions and covenants in sa~d prom~ssory note and this mongage set fo~th_ 9. That in the event fhe ownersh~p of the mo:tgaged pren,ises, or any part thereof, becomes vested in a Ferson other than the MORTGAGOR, 1he ;1pRTGAGEE, its successors and ass~gns, may, w~thout nor'ce to the MORTGAOR, deal w~th surh svccessor oa wccessor in interes~ w;th reference to this ~~orrgage and the deot F.ereby sec~rzd in the same manner as with hlortgagor without in a~y way vit;ating w d~scharging the Mortgagors' liab~lity here- ~-:der or upon the debt hereby sec~red. No sa!e of the ~ren,~ses hereby mortgaged and oo forbearance on the part oi the MORTGRGEE o? its successors or ass~gns a~d no exrens~on of rhe t,me for the payment of the debt hereoy securrd given by the MORTGAGEE or ~ts successws or assigns, a~wll operate ro re+ease, d~scharge, modify ~hange or affect the orig;nal liab~i~ty of the MORTGAGOR herein, eit{ier in whole or in part. 10. It is speufical{y agreed that t~me is oF the essence of this tontract and shat no waiver oi any obl~gat~on hereunder o~ of the obligation se- c~red hereby shali at any time ~hereafter be he:d to be a waiver of the terms bereof w of the instrument secu~ed herby. 11, In aod tia~ to the fwego ng monthty payments of pri:~c pal and intrrest requ~red by the prom sscry no!e sc¢i~red hereby, mortg3gor tovenants d agrees ~o pa~• to n:o-tgagee v~~th each montMy pay~,:ent an add~~~onal sum est ~~~ated by morryagee to be equa+ to 1, 12 of the an:,ual cost of the tollow- A-All real prop^_rty taaes 7e~ied or assessea agai•;st the above descri5ed « al estate. 6-Pr:miu~tis on f~~e and windsto:n, ~nsurarce as here~n req~;red to be carrr~d on the ~mrrovemeats s~t~ate on the above d~stribed premises. C-Pre~niun,s on such mortgage gua~anty ir.surar:ce as mortgagee shall from t:me to time deem tit to carry on the loan secured hereby_ Mortgagee sha l ficm teme to t~v,e norify mortgagor ~n wrrt(ng of the amou~t due and payabte hereundrr and such surn shalf ih~>reupon be dve and F.jtiable on the due ria~e of the next momh!y payment and each successive month thereaft~r untit mertgagee shall notify mortgager oS a change in such ounr_ $~~h sums 1Fa~l be applied by mortgagre toward the payment of real property taxes, insurance pren;;~ms, a~~d mortgage g~aranty insurance premiumi. IN Y~ITNESS V1HfREOF, the aa~d MORTGAGOR has hereunto set his hand and seal the day and year first a4wesaid. i ned, Sealed an el've ed in the p?eserxe of: ~ A, L % /i1~-- r~aO B.ob C. Green ~~a~~ - s--~ S~ i s_~. l {$ean - Bdris S. Green {~ai~ STATE OF FLORIDA ~ ~ ;ouNTY OF S V' ~ ~ 1 Befwe me personally appeared 8~ C• Green a~ ~ClY1S S• Green h;, w~fe, to me well known and k+awn to me to be the individ~a(s described _~n and who executed tF.e fwegoing instrument, and acknowtedged before me that they exearted the samt for the purposes therein expressed. And the said_ BC~Y2S Green n~fe of the sa~d gAb C_ Gree*± ~i a~Nparste and private e.am~nat~o~ by me ta4en separate a~ apart from her sald husband, acknow~edged to and before me that ahe executed aaid, inir'r~lnsrw ireelT and volun- ~a~~~y and w~thovt any computsion, censrraint, apprehens~on, w fear of w irom her wid husband. - WtTNESS my hand and offiual seal this_ ~~t+h day af~_ •`J~e i~%r' • j~ D. 19 72 \ 1 ~ L ~1 ~ / ~ ~ C+. Notary Public in and for tM ~ o~ F~ji~• ~sl~~ IVIy Comm~ss~on exp+res: ~R~; l~~E a Fl.oeiat ~c uRSE Retu~n To: ~ry ~y E X PIRES SEPT. 25, i97S Firs~ Federa! 5avings 3 loan Aswdat;on Bonded 6Jr M1e~ican Bankers fnwrance .:o. Of iort P.~r~e F°`t P'~"e. F;"";~~ F~LED aMJ ~ECQR4E0 ST. LUC!E :,~UMT1 FLA. ~ ROCE~ ~.l~ ~ RAS CLfRK ~t+.;,Jl? COUA1'~ ~ John W. RFr,~.R~ This Instrument Prepared By : Collins First Federal Savings 8 Loan Association py ~ of Fort Pierce ~ Flolida 33450 ~ k91 ~1 Checked By `~~1,4`~L~ EGRK ~O~ PAGE J~ ~ 1%~~ ~ ~ ~ ~ ~ ~ ~ ~ - . . . a~~~-~~'~~