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HomeMy WebLinkAbout1990 3. To place and continuo~ily keep on the bui:d~ngs now or he~eafter ~~t~a~e on sa~d land and cn all equ~pment and personally covered by this ma e9e, w~?h all pr@miumS thrreon pa~d m iull, hre inSu~dnCC ~n the vsual S~dntlJrd Ppiicy form, in a wm aNpro~ed by the h~OR~GAGEE, and windsto ~nsurs~ce in the uswl s~andard poI•cy form, in s wm approved by the MORTGAGEE, in iuch company or compan+es as tha MORTGAGEE m duect; and all iire a~~d wmds~orm ~nsura~ce po.~ues on any oi sa~d bu~+d~ngs, any inl~resl tlxrein ur par? thr~eo(. the aggr~ga:e sum afores.~~d in excess ~hrrcof, sF~all eo~~tain ~he us~al arandard rnorrgagre uaufe or such othe~ dause as the Mo~tgagee may requ:ro, making the ioss under sa~d po ues, each and every, payable ~o said MORTGAGEE as ~ts intcr.:st may appea~, ar.d each and e~e~y such pa~c~ shall be prompfly assgnrd and de~ivered : any held by sa~d 1AOR:GAGEE ai iwrhe~ setwi*y to sa~d n:ortgage debt, and, oot less Ihan ten (10) days in aJvance o( tha exp~rat~on of each pol~ty, to d. I~ver to sa~d MORiGAGEE a renewal thereof, toge~hr~ with a rece~pt lor the premium o( such renewah and ~here shall br no f~re or windsto~m ioswanc placed on any ol said bui!d~~~gs, any inlerest therein or pa~t fhereof, uniess in the form and with Ihe iocs payable as aforesaid; and in the evenl any sun of money becomes payab~e undrt s~ch policy or policies said MORIGAGEE fhall have the opt~on to r?ce~ve ~nd app".y the same on accoum oi the indebt~~d ness aecured hereby or to permit said MORTGAGORS to reteive and uis il w any part Ihe:eof tcr o:ir.•r pur; oses. v.~it:~,;t ~h_~~o; tr..~.i ~3 cr ~n~;~..~r ing any equrty, Gen or r~ght unde~ or by virWe of lhis mo~rgage; and in the evem sa~d MORTI;AGORS shall for ony reason fail to keep the said premises w insured, or fail fo de~ive~ p~anptly any of said po~ities of insurante ro said MORTGAGEE, or fail promptiy to pay fu~ly any pre~»wm thcrefor or in a~y respect fail to perForm, d:scharge, eaecute, effeU, cort,pletr, comply with and ab~de by this covenant, or any part hareoi, sa;d MGRiGAGEE may p~ace e~~o pay ior s~ch insurance or any part therrof w~thout waiving a affec?i~g any option, I~en, equ~~y, or n~ht unde~ w by v~rtue oi this Mor~gage, snd thc full amoont of each and e.~ery such paymeN shalt be i:nmediatety due and payable and shaH bear iNerest f~om the date Ihzreof un~il paid at the ra~e ot n~r.e per tent~m per dnnum and to~ethet with such inte;ast shail be srcured by the lien Of 1hiS mottgage. 4. To permit, commif or suffer no waste, impairment p deterioration of said property ot any parf thereai. 5. To pay all and singular the costs, chargcs and ezpenses, including a reasonable afta~ey's fee and cosrs of abstracts of title, incurred or paid at any Gn~e by sa~d MORiGAG'.E, beca~se o~ in Ihe evem of the fa~lure on the pa~t of the said MORTGAGOR to duly, promptly and futly periorm, d~scharge. exec~tr, effect, canpk~e, co:naly w~ih and ab:de by each and every ~he stipu~at~ons, agreemanrs, cond~Nons, and cover.ants oi sa~d prom~ssory note and ~h~s ~~orrgage any or e~ther, and s~:d costs, charges and expenses, each and e~ery, shall be immediately due and payable; whe~her o? not there be ~ot~ce dr n,a~d, atte~npt to collect or ~suit pend~ng; and the full amount of each snd every such payment shall bea. interest frorn the date thereof until pa~d at the r.~~e o~ nlne ue~ cenrwn p.:r arnu~r, a:~d all sa~d cosrs, charges and expansea incurred or paid, together w~th such interest, shall be secured by the I~en of ih~t mortgage_ 6. That (a) in ~he event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the eve~t any o1 sa:d sums of money here~n reterred to be not pranpily and fully paid within th~rty l30) days nex~ aiter the same severaEty become due and payable, without demand or notite, r• lc) in the event each and every the stipuianons, agreemems, condiuons and covenants of sa.d promiswry note and th~s mortgage any or e~ther are nm iuly, promptly and fully performed, d:scharged, executed, eifected, compteted, compl~ed wiih and aC~ded 5y, then in either w any such event the sa~d ag gregate svm menrioned in said promissoiy note then renwining unpaid, with interest accr~ed, and atI moneys secu~ed hereby, shall become due and pay- a~:e forthwirh, or rhereafter, at the opnon of said MORTGAGEE, as fully and completely as if aIl of the said sums of money were or~ginatty at~pu~ated to be pa:d on such d:.y, a~y~hing in sa d p~o:n~sswy note w in this Mortgage to the contrary not~vi~hsrand~ng; and thereupon or thereafter at the opt~or. of sa:d MORTGAGEE, wnhout not~ce o~ demand, sud at law w in equity, thereFore w thereafter begun, may be prosecuted as if all moneys secured hereby n.d matured pnor ro ds institut~on. • 7. That in the evenl that at fhe 6eginn[ng of or at any time pending any surt upon this Mortgage, or to foreclose if, or to reform it, or to enforce ~~ymenf of any claims hereunder, said MORTGAGEE shaFl apply to the Courf having ~urisd;c~ion thereof for ~he appoimment oi a Receiver, svth Court shall io:thwith appo~nt a receiver of said mortgaged property all and singutar, irxlud~ng alt and singular it~e irtcorne, p~ol~ts, issues and revenues from whatever s=~rce derived, each and every of wh~ch, it be~ng expressty vnderstood, ~s hereby mo~tgaged as if spec~fically set iorth and descr~bed in the g~anring and hsoendum clauses hereoi, and such Receiver shall have afl the broad and efiective funct.ons and pov.ers in anyw~se emrusted by a Court to a Receiver, and s_ch appoia!mant shaU be made by such Co~rt as an admitted equity and a ma~ter of absolute right ro said MORTGAGEE, and without reference to the adequacy oi inadequacy of the value of the property mortgaged ar fo the so~vency or insoivency oi said MORTGAGOR or the defendants, and rhal wch r•~nis, protits, incane, isaues and revenues shall be applied by such Receiver accord~ng to the lien or equ~ty ot said MORTGAGEE and the practice oi such Court. 8. To duly, promptly and fully pe~form, discharge, execute, effect, complete, comp~y with and abide by each and tvery the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. That i~ the event the ownership of the mortgaged prem~ses, a any parf thereof, 6ecomes vested in a pe~son other fhan The MORTGAGOR, the '.'.ORTGAGEE, its s~ccessors and assigns, may, without no~ice to the MORTGAOR, deal with such successor or successor in interest with reference to th~s ~:e-fgage a~d fhe debt hereby secured in the same manner as wnh Mortgagor without in any way vitlating or d~scharging the Mortgagors' liability here- :;^der or upon the debt hereby secu~ed. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORIGAGEE or it~ succe>sors o~ assigns and no exte~s~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, s~~all operate ro release, d~scharge, mod~fy change or affect the orig~nal liao,l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is speufica!{y agreed ~hat time is of the essence of th~s contract and that no waiver of any obligat~on hereunder or of the obligation se~ a,-rd hereby shat~ at any time'thrreafter be he:d ro be a waiver of the terms hereol or of the instrumeN secured herby. 11. In addnio~ to the forego ng month!y paymanrs of princ pal and interest requ+red by the prom~sscry nore secured he.eby, mortga~ar covenants ~-d agr~¢s ro~ay to marrgag~e v~~th each mon+hly payr,-ent an add~rional sum est~mared by mo~tgagee to be equai to 1; 12 of r5e annual cost of the follow- ~g: A-Afl real property taaas levird or assessed agaf~st th~ above described real estate. B-Vr,~m~u~ns o~ fire and w:r.dstorm ~nsuracce as he~ein requ:red to be carried on the imaroveme~ts s~tuate on the above described premises. C-Premiums on such mortgage guaranty inwra.~ce as mortgagee shafl from t:me to t~me deem fit to car?y on the loan secured hereby. Morfgagee sha!1 jrOT nme to t~me notify mortgagor m writ~ng of the amount due and payable hereundrr and such sum sha!I thereupon be due and :~~ab4e on the due date of th~ next moroh!y payment and each successive momh thereaftcr ur,tii mortgagee shall notify mortgagor of a change in such ~•r ount. Such sums sHa;~ be appi~ed by mortgagee towa.d the payment of real property ta:es, inwra~xe prem:ums, and mortgage guaranty insurance I :~•emiums. ~ C V{TNESS :YHEREOF, the said N.ORTGAGOR has hereunto set his hand and seal the day and y first aforesaid. i ~k`~S~r/`''. Sealed v the presen of: f ~ I - j Beverl J wood rs~aq (Sea1) ~ _ ' - g iSeal) € ~ SiATE OF FLORIDA t '.OUNTY OF $t . L.UC1Q i ~ Befwe me penonally appeared Beverly F. EZIM100d~ a single a.f~Ult q~~ _ alis~~ to me well known and known to me to be th~ individ~ai dexribed in and who executed the fwegoing instrument, and acknowledged befwe me that she executed the same fw the purposes . rherein expressed. A711~+MIFieitl- .W ts ~t 1A~ iiT~ ~ #tl~iti ~ ~a~maas~~~~=,a¢aaw~spa?sfroe~szartf.,mar.~aa~mw~w~c~esa~~~~a~~~a~d~aw~e~w~~s~s~a~o~ ~ ~md~v--~~?~;mnP~slt~e^aowsts4u,=apprtFtiAls~iaFl~1^'-A~F~iSAFI~~+'sibi~. - ~ ~ . ~ WITNESS my hand and offidal seal this- 22na day oft_ . • June p. 19 72 / ~ ^ + `r Norary Pubiic in and for the Stak Flor' :4rQe ~ My Comm~ssion expires: ~p ~ L~.r7 ~ Ret~m To: ~ First Federal Savings ~ Loan Association " ~ , ~ Of Fort P erce. . J . t Forr P~_rce, Flor~da - ' - . ~ FIlEO 4: 4E~~,~OEO ~ ST.IUC;~ ;;~~N7Y FLA. ROG[ ~ r)I i RA$ LL CtE4K C~ :;,~IT COURT This Instrument Prepared By GaZy F. EllwoOd 4FC~~^ c ~ ; First Federal Savings $ Loan Association ~ of Fort Pierce ~ FlOrida ~ 16 ~ 24 PH ~11 ~ ~ ~ Checked By _ ~~~~~0 ~ ~ BaoK203 ~~i990 ~ ~ ~ l. ' , . s ~ 'a ~ ~ d~ ~~t~~-~- a~•$~ - _ .