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HomeMy WebLinkAbout1994 . ~ 3. To place and conti~uously keep on the bu~:dings now o~ hereaite~ ~~tuate on sa~d land and on alI equipmaN and personally covered by this mor aga, w;th all prr~~iwns ihereon pa d~n full, f~re inswance in the usvai srandard po:~cy form, in a sum sHpro.ed by ~he MOR~CaAGEE, and w~:~dsto ~nsurancr in the usual s+andard pol.ty for~n, irr a sum apprOVed by Ihe MORTGAGEE, in suth tompany or com,~anies as the MORTGAGEE m d~recr; and all iire ar,d w.ndsTOrm insurance policies on any oi sa~d bu~id~ngs, any interest therein ur part ~hereoi, in Ihe aggrrqare sum ~foreseid in excess the~eof, ahall conrain the usual siandard morrgegee clause w such other clause as the Mo~tyagee may requ.re, maAing the wss u~~rr s.+~d po ` c~es, each and every, payabir to said AtORTGAGEE as its intrrest may appear, and each and eve~y sucA po'~cy shall be promHuy ass g~~rd a~~d de~~Yered ~ ~ any held by said MORfGAGEE as f~rther setw~ty to said mongage drbt, and, not less than len (10) days in advance o( the expironon of each po:~cy, to d. ~ I,ver ro sa~d MORTGAGEE a ~enewal Ihereof, ~oge~har with a rece~pl tor the p~emium of such rene+~ai; a~~d ~hrre shail tK no f~re or w;~~dsto~m inwranc placed on any of said b~ifdings, any interesl therein w part thereof, unfess'in the form and with the loss payable as afo~esaid; and in the e.•ent a~~y su~ of money becornes payable under such policy or pol~cies said MORTGAGEE ahall have ihe opt~on to rrcr~ve and apNly tha same on accou~~t of the indrtrtrd ness secured he~eby or ro pz~mit sa~d MORTGAGORS to receive and use it w any part thc:eof to~ o:i~~r ~.urFOScs, s.~tho~t ~n_~.u; .v~i~i~3 ~r ~+np~~r i~g any equ~ty, Iie~ or right under w by vi~tue of this mo:•gage; and in the even! sa~d MORTGAGORS sh~ll for any reason fail to keep ?he saEd Fremisrs so insurcd, or iail fo deliver promplly any oi said policies of insurante 1o said MORTGAGEE, or fail promptly to pay fulty any premw~n therefor or in any j ~espect (ail to perform, d~schorge, exewte, effect, complete, comply wiih and ab~de by this covznan~, or any pa~t hareof, sa~d MGRTvAGEE may place a~d ! pay (or wch insurance or any pa~t thereo( without waiving or affecting any option, lien, equ~ty, or r~ght under oa by virtue of this Mortgage, and the full amount of each and e~e~y such paymrnt shal~ be immediately due and payable and shall brar inte~es~ irom the date thereof unril poid at ~he rate ol ~~,~~e per cenwm per annu~r. ~nd to~r~h~~i wiih such inrerest shali tx secured by 1Fx Gen of this mortgage. 1. To permir, commit w suffer no waste, impairmenf a deterioration of said property or any pa?t thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and coses of abstracts of title, incurred or paid at ,ny time by said MORiGAG~E, because or in the eve~t of the failure on the part of the said MORTGAGOR to duly, pro+nptly and fully p:~fwm, d~scharge. ~x~~cute, efFett, comp:ete, comply wdh and ab.de by each and every the stipulanons, agreemeots, conditions, and covenants of sa~d p~an~ssory note and th~s ~:orrgage any or ei~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether or ~ot there be not~ce d> t n,and, atternpt to collect or suit pend~ng; and the fult amount of each and every such payment shall brar interes~ from the date thereof until paid at the r.:re of n;ne ~xr crntum ~r annu:n; anc' all sa~d cos~s, charges and expenses incurred or paid, together w~th such interest, ehal! be secured by the Geo oi th~s ~ c morfgage• 6. That (a) in the event of any breach of this Mo~tgage or defaul~ on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money herein referred to be not prompfly and futly pa]d within thuty (30) days next after ~he same severa.ly becoeie due and payable, wi~hout demand or notice. or (c) in the event each artd every the stipulations, agreements, cond'nions and covenants ot sa:d promissory note and th~s mort9age any w either are not i~~y, promptty and fully performed, d~scha~ged, executed, eifected, completed, compl~ed with and ab~ded ~y, then in eiiher or any s~~ch event the sa:d ag- 3regate sum ment~oned in sa~d promissory note then remaining unpaid, with inrerest acuued, and al; moneya secured hereby, shall become d~e and pay ao e forthw~th, or thereafter, at the oprion of sa~d A~ORTGAGEE, as fully a~d comple~ely as i( all of the sa~d sums of money were ar~gmally st~pv:ated ro be pa:d oo such day, anything in sa;d prom~ssory oote or in ~his Mortgaqe to ~he conrrary notw~thstanding; and thereupon or thereafter at the opnon of s~.d MORTGAGEE, without notice or demand, suit at ?aw or in eq•~ity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r,.:d matured pnor ~o ~ts insYrtution. 7. That in the event that at the beginn~ng of or at any time pe~ding any suit upon this Mortgage, o~ to fweclose it, or to reiorm it, o~ to enforce payment oF any ci3ims hereund~r, safd MORTGAGEE shail apply to the Court having ryrisd~ction thereof for the appointmero of a Rece~ver, such Court shall ic,rthwitfi appoint a receiver of said mo~tgaged property all and singular, includ~ng all and singular the irtco„ie, p~ot~ts, iss~es and revenues lrom whateve? s-~~ce derived, each and every of wh:ch, it being expressly unders~ood, is hereby mortgaged as ~f spec~ficaily set forth and described ~n the granting and h.~bendum davses hereof, ar.d such Receiver shall have all the broad and effective funu cns and powers in anyw~se e~trusted by a Covrt to a Receiver, and s._ ch appointment shall be made by such Co~rt as an ad~nitted equity and a matter of absol~te r~ght to said MORTGAGEE, a~d without re~erence to the acieqvacy or inadequacy of tha vaf~e of the property mortgaged or to the so~vency or msoivency of sa~d MORiGAGOR or the deFendants, and that such ~ r_•~,rs, profits, incane, issues and revenues shall be applied by such Rece~ver accorduig to ihe iien or equity of said MORTGAGEE and the practice of such • Court. 8. To duly, promptly and futly pe~torm, d~scharge, execute, eiiect, complete, comply w~rh aruJ abide by each and every the st~pulations, agreements, conditions and tovenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its svcceuors and assigns, may, wi~hout notice to the MORTGAOR, deal wnh such successor a successw in imerest wi~h reference to this _ o•f9age and the debt hereby secuced in the same manner as with Mortgagor without in a~y way vit~ating w diuharging the Moregagors' liability here~ ~:nder or upon tM de6t hereby secured. No saie of the premisea hereby mortgaged and no forbearance on Ihe part of the /dORTGAGEE or its succeswrs o~ assigns and no ezrens~on of the time for the payment of the debt he~eby secured given by the MORTGAGEE a its successws ar auigns, aiiall operate ~ ro re!ease, d~scha:ge, modify change or affect the original liab~lity of Ihe MORTGAGOR herein, either in whole or in part. 10_ It is spec~f~caily agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obtigation sc cured hereby shali ai any time thereatter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In a:id:tio~ !o the forego ~~g monrh!y paym_nts of prir,c'pal and interest reqvired by the prom~sscry no!e secvre~ hereb~, mortgagor tovenants d agr~es to pay to riortgagee v~~ih each monthly payr.:eM an add~rional sum est~mated by mor:gagee to be equal to 1, 12 of the annual cost of the follow- A-All reaf property taxes le•:~ed or assessed aga~•:st fhe above described real esrate. . , B P..n,~v~r•s on fire and windsro•m ~nsurarce as here~n req~:red to be carried on the :m;;roveme~ts s;toate on the above dsscribed premrses. C-Premi~mi on such mortgage guaranry ir.sura~~ce as mortgagee shail f~om t:me to time deem fit to carry on the loan secured hereby. Mortgagee sha:~ '.~cm ti~ne to t~me nor~fy mortgagor ~n writ~ng of the amou~t dve artd payable hereunder and such s~m shail thereupon be due and ~ . y:,ble on tha due oate of th> next rnonth: f paym.ent and each successive month thereafter ur,til mortgagee ahall notify mortgagor of a change in such ~'~unt. Such s~~ns sFa;i be app!ied by mortgagee toward the payment of real property ta:es, insura~ce prem:~ms, a~id mo~tgage guaranty insurance . •emiums. , . ~ ; IN WITNESS VlHEREOF, the safd MORTGAGOR fias hereunto set his hand and seal the day and ye first afore ~d. ~ Signed, Seated and delivered in ~e presence of: e .i~ d-GG~~~~2-W Sean ~ n w • a (Seal) F '~'(.f/Gi.a' - (Seaq ~ ~ ViVlan L. Gocmold ~~ap ~ S"ATE OF FLORIDA ~ ~~;,•~n oF St . Lucie ~ Befwe me personaliy appeared John w• Ca0(~bO1C1 a~ _ V1V1dI1 t.• GOdbOld his wife, to me welt known a~d knoN~ to me to be ;h~ ir.dividuais dexribed in and who executed t!w_ foregoing instrument, and atknowledged before me that they e:ecuted tFw same for the purposes ~ rherein expressed. And the said_ v1V~a.11 I.• Godbold r+~`e of the said _ .10~ w. CaO~OlC~ upon a separate and private ~ e.am~nation by me taken separate and apart from her said husband, atknowledged to and befo~e me that she eaecuted said instrument {reely and voluo- ~ _~~,y and w~thout any compuision, constraint, apprehension, or~fear of or from her wid husband. WITNESS my hand and official seal this day of A. D. 19~ ~ ^ / : ~!~/C/ 9' r; Notary Pu in an for the tate of Florida at Large g ~ My Gom ssion expires: G~ /~I 7`S : Return To: ' ~ F~rst Federat Savings 3 loan Assouanon NOTARY PUBLIC STATE OF ROR10A AT LA~ ~ Of Fort Pe;ce. ~ " MY COMMISSION EXPIRES AUti. 6. 1~ ~ Fo~r Pierce, F~o~~da . OENERAL INSURANCE UNDERWRITERS, If~IC~ ~ . , , ~ ~ , ~ ~ ' ` ~ ~ ~ ; • } FfLEO AMti ~EGOROE~ This Instrument Prepared By J~ W. Coll~s~ ' ST.LUC~~ L'UNTr FIA. r~ ~ First Federal Savings 8~ loan Association s~a. • RCC~= F1;TRAS l,~ ~ of Fort Pierce, Florida ~ p~ CtyERk CO~~RT _ ~ ~ ? v= • . ~ , ~ ' _ ; ~ Checked BY ~1 ~6 3 24 PH ~ 1 Z t ~ U R 232122 F ~ ~~c~~~ ~ _ ~ ~ - ~ r ~ ~~s~"..~~~ ~ ~ ~ - I ee c~,~-~~ . ~?*.r .~v..~; k ~ ~ " ~ ~~r a~- . ~ ~<.i, _x.. .