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HomeMy WebLinkAbout1267 3 To place and cominuovsly keep on the bv~'d~~~gs now or hereai~er situate on sa~d land and on ali eqvipntdN and personaily covered by lhis mor ~ge, w:rh all p~emiums d~areon pa.d m futl, f~re insurance ~n rhe us~al s~a~~da,d po:~cy fo+m, in a swn appro~ed by Ihe MQRcG:.GEE, and windsto insurance in the ~sual erandard pol.cy form, in a sum approved by ~he MORTGAGEE, in such to~npany or tompan:es as the A50RTGAGEE m dirett; and al! fire ard w~ndstorrn insura~ce pcGCres o~ any of sa~d buitd•~gs, any interest therein or part thareol, i~ the aggregate wm •toresaid in extess thereof, shall :ontain the us~al standard mortgagee dause or such othe~ tlause as Ihe Mortyagee mey requ~re, makirg tha ioss undrr fe~d po ues, each and eve~y, payab:e to said A1pRTGAGEE as irs inicrest may appear, and each and every such po:~:y shalt ue p~ompt~y ass gnrd and daii„arcd i any heid by sa~d MORiGAGEE as fu~rher sr<ur~ry ro said n,or~gage dabt, and, not less than ten {10) days in ad,rance of the e:pirat:o~ of each pol~cy, ~o d~ liver to sa~d MORTGAGEE a renewal therzof, toge~her with a rece~pt for the premium o1 such re~~ewaf; and ~here shall be ~o f~re oi windsto~m insuranc " placed on any of sa~d bu~ld~ngs, any intcresl there~n w part thereof, uniess in ihe ~Orm and w~+h rhe Icse pa~oL•'e as alaesaid; and in the eYent any sun of money becomes payable unci?r s~ch poticy o~ policies said MORTGAGEE shall have ~he opt~on ~o rec~~ve .,~+d app!y ttie same on account of Me indrbf~d ~ ness ucur~ hereby oi to permrt sa~d MORTGAGORS to reteive and use it o~ any pa~t ~nereof tor o:i~_~ pu~~ os~~s, v.n„out ih~~~~~ ~tiai.~~3 ;,r ~~~~p,.~r i~g any ¢qulty, lien w r~ght undar or by virrue of th;s mo:'gage; and i.. the evem sa~d MORTGAGORS sha!! fo~ any reason fai) to krep the said prem~ses so inawed, or fail to deli~~r promptly any of said poGties of insuran~e to sa~d MORIGAGEE, or fa~l promptly to pay f~ity any prenu~m thrrcfo~ or in a~y reipect fail to perform, d~scharge, execute, e(fect, comptete, compty with a~xl abide by this cove~~a~it, or any pa,t hareof, sa~d MORTGAGEE may piace a•~d ~ pay fw svch insuren<e or any par~ thereof w~thou! waiving or affecting any option, lien, equ~ry, or right undrr or by virtue of this Mortgage, and ihc full amount of each and e.ery such paymenl shall be immediately due and payable a~d shall bear imerest from the date thereof until paid at the rate o~ nine prr <enturn per annu:n and to~rtha~ ~;th such int:rest shdl~ be srcured by the lien of this mortgage. 4. To permit, commit or suffer no v.•aste, impairment or deterioration of said property or any part thereof. 5. To pay all and sin~~lar the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts oF title, incvrred or paid af any time by said MpRiGAGfE, because or in the event of the faiture on the part of ~he said MORTGAGOR to ~uty, pro.~~pNy and fully perform, d~scha:ge. execute, elfed, complete, co~npty w~th and ab:de by each and every ~he stipu~anons, agrerments, cond~uons, a~d covenanrs of said pro~n~ssory note a~~d ~h~s mor~gag_ any or e~+her, and sa:d co~rs, charges and expenies, each and every, shall be immediatety due and payab!e; vYhe~her o? not rhr~e be ~ot~ce dr mand, atte~npt to cotlect or suit pend~ng~ and the ful! atnount of each and eyery such paymen~ sl~all bear i~terest from 1he date thereof umil paid st the r~te o' n~ne uer cent~m per anru:n; onc au sa~d ccsts, charges and expenses incurred or paid, togather w~th such interest, shatl be setured by the I~e~ of th~~ mortgage. 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, or ib) in the event any of sa:d sums of money herein reierred to be not promptty and iutly pa~d wiihin th~rty (30) days next afte~ the same severa!:y become due and payable, withovt demand or nmice, or !c) in thr event each and every the stipuiat~ons, agreemems, conditions and tovenants of sa:d prom~ssory note and tA~s morfgage any or either are nof ~uly, promptly and t„uy pe.famed, d~scharqed, executed, eifected, comp{eted, compGed with and ab~ded 9y, then in enher w any such event the sa~d ag~ gregate surr, mentioned in said pro~nlssory nore tnen rema~ning unpaid, with interest atcrued, and afi mon~ys sec~red hereby, sha~l become duE- and pay- ab:e fonhwirh, or thereafeer, at the opt~on of se~d MORTGAGcE, as tu17y and completely as ii a~l o( ihe said sums of money were or,g~naily st~pu~ated to be pa;d on such dcy, anyfti~ng in sa,d prom:ssery note or in fhis Mortgage to ~he co~trary notwithatand~ng; and ~he~eupo~ or therealter at the apnen of said MORTGAGEE, w~the~1 nohce or demand, suit at law or in eqoity, t6erefore or ?hereafrer begun, may be prosecoted as if all moneys secured he~eby nad mat~red pr.or to ~ts institunon. 7. That in the evrnt ~hat at the b inn~ of or at an time . e9 ~g y pending any suit upon this Mortgage, or to foreclose it, or fo reform it, or to enforce paymenr of any claims hereunder, said MORTGAGEE shatl apply to the Covrt having ~ur~sd:a~or~ ~hereof tor ~he appointment o( a Receiver, such ~ourt shail fonhwirh appo~m a.eceiver of sa~d mo,tgaged property all and singular, includ ~g..dl'y~. singular the income, profits, issues ar..d revenuea !rom whatever seur~e derived, each and every of ~h.ch, ~t be~ng expressty understoad, is here as if.fpetifitbAy~~le1 faliA And'deitiibed in the g~an~ing and habertdum ctauses her~f, and such Rece~ve. shaii have alt the broad and eftecriv~~~rKJ poN,m ~q anyrvqs~t~}ty'ste~1 Dy i~ourt !o a Receiver, and soch appo~ntment shaif be made by wch Co~+t as an edmnted eq~ity and a mane~~b~olute nght to said MOR7GAGEE, and without refere~xe to tht edequacy or inadeq~acy of the val~e of the property mongaged or to the so~v~ncy or insoivency of sa~d MORiGAGOR or tne defrndants, and rhat such re~,fs, prof~rs, into.ne, issues and re+•en~zs shail be appf~ed by such Receiver accord~ng ~o the lien or eq~ity of aaid MORTGAGEE and the p~adice of s~ch Court. 8. To du'y, prompt;y and futly~ perform, d~scharqe, execute, efiect, comptete, comply w•;th and abide by eath and every the stipufat~ons, agrrements, cond~rions and co~enanrs m sa~d promissory nore and th;s mortgage set for~h. 9. That in the event the ownership of the mortgaged premises, oi any part thereof, becomes vested in a person other than the MORTGAGOR, the M.ORTGAGEE, irs successo~s and assigns, may, without no~ice to the MORTGApR, deai with such successor w successw in interest wi~h relere~ce to this mafgage and the deot he.eby securad in rhe same manner as w7th fNortgagor w~ehout in any way vit:ating or d~scharg~ng the Martgagori liabitity herr under or upon tha debt h~reby secur~d. No sale oi the premisea hereby mortgaged and no fo~bearance on the pan of the II40RTGAGEE or its s~ccesso~s w a:s~gns and no extens~on of rhe rime fw the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or ass~gns, a7~a11 operate ?o rerease, d,scharge, modify change or affect the origmal Gau:t~ty of the M.ORTGAGOR herein, either in whoie or in part. 10. It is speaf~~alty agrzed that time is of the essen~e of this contract and that no waiver of any obl;gation hereunder or of the obligation se- cur~ ~reby sha't at any time thereafter be he:d to be a wa~re~ of the terms hereof or of ihe instrument secured herby. 1!. .In ~;id t:e~ ~o rhe fo~e ,e n~ ~non~h!y payments ef p:;,~ pjf and inferest requved by rhe prom'sxry no'r s,c~red her~b~, mo;tgagor covenanrs and agr~es to ~ay ro ~..c-tuagee x~+h each ~canThiy pay~.~en~ an add•rional sum est mared b~ morryageP to be eqval ?0 1 12 of the annual cost of the follow- ~„g: A-All rEal prope•~~ rax~s le•n~~ o~ assessed ag3~•:st the above desc~i^,ed real es~aee. 6-F~e-r:~•ns o~ i~re acd .•.~r.dsrorm msurar.~e as here~n r~u~red to be ca~ried on the improveme~ts s:r~ate on the above desuibed premises. C-Dre:.l~~• s on wch morr,.,,ge guaranty ir.sura~.ce as mo~rgagee sha~l fro+r t me to t:me deem fit to carry on the loan secured hereby. h!ortgagee s'~~ !~rom r,•,;r to t~rne notrf~ mo~ryagor m writ~ng of the amo:;~t d~e and payabte hereundar aied such surr+ sha!I thereupon be due and Fayable on th~ d~e ar.!.; oi rh= next n•.on~h:y Pcym~nT and each wccessive month therealtcr ur.rit morrgjqee sha!! r,ot:fy mongaaor of a cha~ge in such a~~:cur.t. Such wms s~ ~.i I:e app:~rd by mortgagee to.~va*d the pa~ment of real property ta:es, ins~ra~ice prem.ums, and mortgage gva~anty insurance premiums. ' ~IN 1YfiNE~S '.'H~RFO~, fhe sa;d MOKTGAC,OR has hereunto set hiz har•d and seal rhe day ar~d r firsf aforesaid. ,`~~ned, Seated and iiv r¢~ in the p~esence of: ~ " l - I s~ - Bes~e r . Kood a sin le_~~,lt - (s~a~ - lSeaO STAiE OF FLORIDA ~ COU!JTY OF Sti ~ I+11Cj.8 1 Before me personatly appeared Beverly J• ~ZiJOOCi> 3 S~18 8C1111ti "lRI~ - 6i~~r+(+r to me well known +nd ltrwwn ro rne to be the ind~vid~a? desc.~bed in and who eaecuted the foregoing instrument, and acknowtedged before me thal She executed 11~ :;a~ne fo? ti» purposes therein expre~sed. ~v4~~~eid• _ _ ~ ' ' ? wM~ot~~'set~~ _ ' ' ~~b~?'~f - ~dn~'!~d?f"ifAh?~rr~wid"iwsFiw~d!"eaknoNk~dgeehye~~biefe?e~~re"thu? +y'4"+"?+~~?+~'f~~?~+!•ea+~~ew~~eppreF~~n~erl~sr'vfvr"hefn'h!R"!eR!'ftOibsnd. . . ~ r ` ro WITPlESS my hand arx! oificial seal thes__~_ day of ~e ~ig:19 72 / . ~ . v i ^i - c~?k Notary Public in and for the $Nt~; ~ ~ My Comm~ssion expires: ' ' Rerurn To: NOTAR~PYAI~C;StA1~of fIORIDAstU1RGE F[rs! Federal Sa~~ngs 6 loan AssGtiat.on MY COMMISSiOA fXPIRES SfPT. 25. 1975 : ~~r P~~:. BondeA 8~r American 8ankers Inwrarxe w. Fo« c,_«e. F,~.~d~ ~~LEO at: F D . ECURCC i1~LU: r ~:~)UNTr ilj~. ROG~~ :~r'~J?i q~ ~CIEhK C :~ut' COURT ~ ~ This Instrument Prepared By Gary F. Eu1ti•00(1 First Federal Savings 8. loan Association of Fort Pierce ~~'jpMd8 ,Itt~i J 6 2 49 PN Checked B~~ -__~T-~-- EQLK~:VJ P1l~f~~~ ~ ~ , ~ ~ - . ..r _ ~ . o~.~~ .