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HomeMy WebLinkAbout2002 To place and coroinuously leep on the 6ui'd~ngi now o~ hereaher situate on sa~d land and on aC eq~~pn.ent and pe~sonally covered by this mor ege, w:th all premivmt thereon pa:d ~n iutl, fare inwrance ~n the us~al sla~:dud policy form, in a sum approved by ihr 1dORtvAGEE, and w~nds~o ~nsurance in the usual standard pol.cy fo~m, in a sum approved by .thr MORTGAGEE, in wch company or con+pa~~es as the A10RiGAGEE m d~rect; and all li~e and w~ndarorm insurance policies on any o} sa~d bui~d~ngs, any interes~ therein or pa~~ Ihereo(, in the aggrega~e w~n aforesa~d in excess thereof, shall :ontain the usual standard mortgagee t~ause a such other tlause as the Mortgagea mey requ~re, meling thr Icss under sa~d po y c es, each and everY. Pay.,b!e to sald h10RTGAGEE as ~ts in~ereat may sppear, and each and every wch poi~cy shatl be promp~~y ass gned a~:d da~~v~rrd i ~ any held by sald MOR(GAGEE as (unhe~ sFcw~ty to safd n,ortgage dabt, a~d, not tess than ten (10) days in ~d.~~ue o( the exp~ratton of each pos~cy, ro d. ; •.~.er to sald A10RIGAGEE a renewal thereof, toge~hrr with a rece~pt for the premium of such renewaf; and ihare shail be no f~re or w~~~dsro~m insuranc t plnced on a~y of sald b~ild~ngs, any interest there~n w part thereof, unless in the form and with the ~oss payab!e as aforesaid; and in the eveM any s~n oi money becomes payable ~nder such poticy w pol~cies said MORTGAGEE ihal~ have the oprion fo rece~ve and app!y the same on account of the indtorcd n, ss secured hereby or to perm~t said MORTGAGORS to reteive and use if or any part thr:cof for ocncr {;ur~ OSt~i, •:•~~~~o~t ~h.•, u; w.:~+~ ~3 cr ~~~~pau ~ng any equ~ty, I;en a r~gh~ under o~ by virtue of this mor!gage; and in the event sa d MORTGAGORS shall tw any rcason fail to k~ep the sa~d prem~srs so :nw~rd, a fa+l to deliver promptly any oi said policies o1 insurance t0 Sa~d MORTGAGEE, or fai! pranptly to pay f~ily any pre~~uum therefor or in any resF:ect fail to por(orm, d~scharge, execute, effec~, completr, comply wirh and ab~de by th]s covenant, or any par~ ha~eof, said MGRiGAGEE mey p~ace a~d pay fw such insurance or any pa~t thereof w~thout waiving or afieding any option, lien, equ~ty, or ngM u~de~ or by virtue of th~s Mortgage, and thc t~lt amount o( each and every wch paymenf shatl be immediately due and payab[e and shall bear interast irom ~ho data therrof untit p.;id at the rate ol ~~~;~e pei tentum per annum and fo~r~har wuh such inter~s~ shali Ce srcured by the lien of this matgage. . 1. To permit, commit or suffer no wasle, impairnKnl a deterioration of said property oa any pa~t the?eof. 5. 1o pay all and singular the costs, char9es and cxpenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at ~~y tiir,e by said MORTGAG:E, beca~sr w in the event of the failure on the part of the said MORTGAGOR to duty, pro:np~ly and fu:ly p~:rform, d~scharge. _xccute, effect, comple~e, comply w~th and ab.de by each and every the stipulai~a~s, agreemenrs, cond~t~ons. and covenaroa of said promissory note and thti ~ ,:~~~gage any or e~rher, and sa d costs, charges and eapenses, each and every, shall be immediatety due and payable; whether w ~ot there be not~ce da mand, attempt to collect or suit pend~ng; and the full amount of each and every such paymenl shall bear interest from the date thereof until paid a1 the ~-t~ oj ~~ne per crncvm ~r annurn; an~ a11 sa~d cosis, charges and expenses incurred or paid, ~oge~her wah such intereat, shall be secured by ~he Gen of th:s mortgage. 6. That (a} the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa;d sums of money herein ref~rred ro be not pro~nptly and fully paid within Ih.rty (30) days neat after Ihe same severa;ly become due and payable, without demand or nohce, or ;c) in the evero each and eve.y the stipulanons, agreements, conditions and covenants of sa.d promissory note and th~s morlgage a~y o? either are not , july, promptly and fully performed, d:xharged, executed, effected, compteted, complied w+th and ab~ded 5y, then in e~ther or any such eveM the said ag ~ ~r~gate sum ment~oned in said promissory note fhen remaining unpaid, with in~erest accrued, and ati ~noneys secured hereoy, shatl become due and pay- e~ a fo~thwith, or thereafter, at Ihe option of seid AAORiGAGEE, as fully and tompletely as if ell of ?he said sums of money were onginady ss~p~iated !o be pa:d on such day, anything in sa.d p~o:n~:sory note or in this Mwtgage to the contrary ~otarithst3nding; and thereupon or thereafte~ at the opt~on of :~.d MORTGAGEE, wirhout not~ce or demar.d, suit at law ot in equity, thereFore w therealter begun, may be prosecuted as if all moneys setured hereby r..:d matuced pnw to ns institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or 1o foreclose if, or to reform it, or to enforce payment of any ciaims hereunde?, said A10RTGAGEE shall apply to the Cou~t having jur.sd~c~ion thereof for the appo~ntmeM of a Receiver, such Cour1 shall fc~+hwi~h appo~M a receiver of said mortgaged property all and singular, includ~ng all and singular the income, prof~ts, issues and reven~es from whatever s: ~rce derived, each and every of wh:ch, it be~ng expressty u~derseood, is hereby mor~gaged as if spec~fically set forth and desvibed in the granring and h.3~~endum cla~ses hereof, and such Receiver shall have all the broad and efiective funct,ons and powers in anywne eMrusted by a Court to a ReceiYer, and s_ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to sa~d MORTGAGEE, and without reference to the r.deauaty w inadequacy of the value of the property mwtgaged or to the sotvency or insohency of said MOR?GAGOR a the defendants, and that svch ~rs, profits, incane, issuez and revenues shall be applied by such Receiver accordi~tig to the tien or equity of s.:id MORTGAGEE and the praU~ce of such Court. 8. To duiy, promptty and fully perform, d~:charge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions artd covenants ~n said promisso~y note and this mortgage set fath. 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 successo~s and assigns, may, wirhout notice to the MORTGAOR, deal with such succsssor or successw in interest with reference to this ~ n-ortgage and the deut hereby secured in the same manner as w~th Mortgagor without in any way vifiating or d~xharging the Mortgagori liability here- s ~~~~er w upon the debt hereby secvred. No sale of fhe premises hereby mortga9ed and no (orbearance on the part oi the IJ10RiGAGEE or its successors # or aasigns and no ea~ension of fhe timr for the paymem of the debt hereby secvred g:ven by the NtORTGAGEE or its svccessws a au~g~s, a1~a11 operate : ~o release, d~scharge, modify change or affect the orig~nal liab;l~ty of the AM1ORTGAGOR herein, either in whole or in part_ ~ 10. It is specifically agreed rhat ti~ne is o( the essence of th~s contract and that no waiver of any obltgat~on hereunder o~ of the obligation se- ~ cured hereby shaf~ at any time thereafter be he:d to be a waiver of the terms hereof ot of the instrument secured herby. 11. In addnio~ to the forege ng ~nonthly payments of princ pal and inreresr required by ihe prom'sscry nore sec~red hereb/, mortga~~r covenants ,^d agrces to pay to n:ortgagee with each monthly pay~~ent an add~rional sum estima~ed by mortg~gee t~ be eq~ai to 1, 12 of the annual cost of the follow- r.; : . ~ A-A!I real property taxrs lev~ed or assessed aga~~st thc above dewibed real estate. B-Prem~vms on f~re and wcdstonn i~surar.ce as here~n requ~red to be car~ied on the imp.oveme~ts siwate on the above d~scribed premises. C-Premiums o~ such mortg3ge guaranly insurance as mortgagee shai~ from t[me to time deem fit to carry on ihe loan setured hereby. Mortgagee shaii frcm time to time noiify mortgagor, in writ~ng of the amount due and payable hereundrr and s~ch sum shall thereupon be due and ,,,~ble on the doe ciate oi the n^xt month'.y payment an each successive month thereaftcr uctil mcrtgagee shall notify mo~tgagor of a change in such ; ~unf. Such wms sFa:l be applied by mwtgagee roward t payment of real property taaes, insurance prem:ums, and mortgage _guarenty insurence I ~emi~ms. ~ ' ~ ~N ~~ITNESS 'VHEREOF the a~d TfjA R has her nto set his hand and seal the day an ye first af esa~ ~ ~ j Sealed and d iver i h e of: i , Q ~...1., Seal) ~ - 112' - C O@F (Seap { (Seal) ~ ~ ' (Seal) a - / g S~AiE OF FLORIUA ~ ~ J U'JTY OF St • ~11Ci6 } ~ ~ Before me persorwlly apPeared Wilburt J. Sehoe pfe r a~ # Joan S. SCYl08pf@I' h~s w~fe, to me well known and known to me to be rh~ individ~ais desvibed in and who executed the foregoing instrumeM, and acknowledged before me that they executed the same for the purposes ' rh:rein expressed. And the sai Joan .S• .SC?'10@ fer . ~::re or said Wilburt J. Schoepfer ~ ~.am~narion by me taKen separate and apa~t from her said huaband, acknowledged to and befote me that she ecuted said nttrurqent freely~ ".•~oluo- ; ~ and w~thout any compulsio~, constraint, apprehens~~r~,{w fear of or from her said husband. _ " ~ ~ WiTNE55 my hand and offic;al seal this_ day of J~ '/~`D '~9.~::!.=- ~ ~ ' n - ~ otary PubGc in and f 1 State of Awidy it:lary~ ~ y Commission eapiresc - 5 ~ Return To: ~ ~ ~ ` _ _ First Federal Savings a loan Associat:on - Of Fort V e~ce. ~ • Fort Pierce, Florida a.,. ~ f1~E~ ~EG~Y f~~- ~ ~~i; ~.~uNz 5t. TaA uR~ t, 0 ~ This tnstrument Prepared By dOhll W. COZlfris ~ Ut ~ V ~ CIEP C ~ , _ _~~r First Federal Savings 8 Loan Asso:iation p~~r.-;y - ~ " of Fort Pierce ~ F'lori3a ~ 2~ Q~ t~? t r ~ Checked By ~ ~ ~D 232126 aooK20~ _ ~~ry _ - ~~.3 ~ ~ u~~~ - . „ ~ . ~ ' ~q - ~ ~ ~ . .