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HomeMy WebLinkAbout2743 j 3. To p~ace and continuously keep on ~he bui'd~ngs now or hereafter ~~tuafe on aaid land and on a~~ eq~ipment and personaliy covered by this ma f age, w~th aU premiums thereon pa',d in ful~, fire insurance in the us~a~ standard po!~ty (o~m, in a sum app~o~eJ by ~he MUR~~.~(:.EE, ar~d windstu ~ ~nsviance in tha usual s~andard poLcy form, in a s~m appro~ed by the MORTGAGEE, in such company or compan:es as the MORTGAGEE m d~rect; and all fire ar,d wmdstorm inw:ance polfc~es on any of sa~d bu~id~ngs, any in~eres~ the~ein or pa~t thereof, in the agg+egaTe su~n atoresa~d in excess thereof, shafl :onrain the vsual standard matgagee dause o~ such othar clause as the Mortyayee may rryu:re, ma4ing the ~css unJr~ aa~d po c~es, each and every, paya~,e to sa~d htORTGAGEE as ~ts ini~rast may appear, and each and e~ery such po;~cy sha{I be promptly ass g~~.d ar.d de~~vered ~ any held by said ti1~RIGAGEE as iunhar security to aa~d n,ortgaqe debt, and, nof less than ten (l0) days in adrance o~ the exp~raiion of each poi;cy, to d. Gver ~o said MORTGAGEE a renewal thereof, toge~hrr with a rete~pt fo~ the premium oi such renewal; and there shatl be no i•re o~ .r:~~ds~o+~~~ insurant plated on any o) sa~d buitd~ngs, any interesl Iherem or part thereof, unless in ~he form and wi~h the lass payabfe as aforesaid; a~d in the evem any sun of money becomes payable under such policy or pofcies said MORTGAGEE shalt have the opt~on ro rec~~~r and app!y tnr amne on accu~,.~~ oi tha indrbtrd ness sec~red hereby w/o per~n~t ~a~d IAORTGAGORS ro receive and use it w any part the:eoi tor o~n_~ ~.u~,,os~s, :..~6o~r ~fi:•..,, c~ ~.~:p..~. fng any equ~ty, lien o~ riyht undar or by virtu~ of rhis moregage; and in the event sald MORTGAGORS shall ',o: any rea;on fail to keep ~he sa~d prem~s~s so ~nsured, or fail to dalive~ promptly any of said poliues of insurance to said MORTGAGEE, or fail p:ompNy to pay.lul~y any prr~~twm thcrefor or in a~y respect (ail to perfwm, d~scharge, execute, effecl, compfete, compiy with and ab~de by this cove~ant, or any parr hr~eof, se+d MGRTvaGEE may piace a•o pay for such insuiance o~ any part thereof w~thout waivi~g w affeding any option, lien, equily, or ~ight unde~ or by vi~tue of this htortgage, and tht full amount ol each and e.ery wch paymem shall be immediately due and payabie and shall bear interest from the dale thereo( u~u~t pa~d at the r,~te ol n~ne pe~ cenium per annum ond ro~rthrr wirh such inte~est shau be sewred by the lien of this mortgage. 1. To pe~mit, commif or sulfer no waatr, impairment or deterioration of said prope~ty a any pa?t thereof. 5. 1o pay alf end singuiar the costs, chargea and expenses, inciuding a reasonable attwney's fee and costs of abs~rads of t~t~e, incurrzd or paid at eny time by sa~d MORTGAG:E, beca~se o~ in the e~rent of the fa~lure on the part of the said MORTG/iGOR to duty, prornp~fy and fuHy pe~foim, d~scharge. >xecute, eifect, canptete, com.pty w~eh ard ab:de by each and every the stipulat~ons, agrerm~ms, condiliona, and covenanrs of sa~d p~o:n~>sory note and th~s ~~o~tgage ar.y or eithe~, and sa:d cosrs, charges and expenses, each and every, shall be immed~ately dve and payable; whether or not there be no~~ce da mand, attempt ro coltect or suit pend:ng; and ~he tull amount of each and every svch payment shaU bea~ iroeresi from the date thereof untit paid at the •.,+e oi nine per cen:um per ann~:n; ~»d all sa~d costs, charges and ea~nses incuned or paid, togeiher w~th such inierest, shall be secured by the lien of thii mortgage. 6. Thal (a? in the event o4 any breach of this Mortgage or default on tl~ part of the MORIGAGOR, or ;b) ~n the event any of sa;d sums of money herein refe~red io be not pron,ptly and f~tly paid within th~rty (30} days next aftcr the same severa:Iy become due artd payable, wiihout demand or not~ce, or ~c) in thr event each and eve~y ~he st~pu.at~ons, agreements, condirions and covenants of sa.d promissory noie and th~s mortgage any or e~rher are not iuiy, promptty a~d fulty performed, d scharged, executed, elfecred, compteted, compGed w~th and ab~ded ~iy, then in e~ther w any such evero the sa~d ag ~~egate sum meniioned in said promissory note then remaining unpa~d, with interest accrued, a~d a~l moneys secured hereby, shall become due and pay ab:e forthwith, or thereafter, at 1he opt~on of said MORTGAGEE, as fully and complere7y as i! all of the said sums of money were onginal~y sl~putated ru be pa;d on such day, anything in sa d prom~sswy note or in this Mortgage to the comrary no~~vifhstand:ng; and ~hereupon or thereaher at the opt~on of s+:d MORTGAGEE, w~tho~t no~~te o. demand, suit al law w in equ~ty, therefore or thereafter begun, may be proxtuted as if aEl moneys secured he~eby n~d matured prror ro ~ts institut~on. . 7. Thar in the event thaf at the beg~nn~ng of or at any time pending any suit upon ~{,~s Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall appfy to the Court having jur~sd:c~ion thereoi for the appo~ntmenf o( a Receiver, such tourt shail f;,:c4with appo~m a receiver of said mortgagrd property all and singutar, includ~ng ail and s~ngu!ar the ir.come, profrts, issues and revenuea from whatever scu~ce derived, each and every of •erhich, it being express!y unders~ood, is hereby mortgaged as i1 spec~f~cally set forth and destribed in Ihe grantiwg a~d h~i;endum clauses hereof, and such Receiver sha~l have ail the b~~ad and effecrive f~ncnons and powers in aayw~se enuusted by a Court to a Receiver, 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 withou? reference to the adeqvacy or i~adequacy of the val~t of the p~operty mortgaged or to the So.vency or ,nsotvency of said MORTGAGOR or the detendants, end that suth rc~•,rs, proiits, inco~ne, issues and revenues shai! be app±ied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 8. To d~ty, prompt!y and ~ully perform, discharge, eaecute, effect, complete, comply with and abide by each and every the stipu~ations, agreements, ccnditions and covenams in sa~J prornissory nore and rhis mo~tgage set forlh. 9. That in the event rhe ownersh;p of tbe morlgaged premises, or any part thcreof, 6ecomes vested in a perwn other than the MORTGAGOR, the ~RTGAGEE, its wccessors and ass~gns, may, without notite to the MORTGAOR, deat with such successor or wccessor in interest with refere~tt to This o~tgage and the debt here.ti.y secured in the same manner as with Mortgagor without in any way vit;ating or d~uharging the flortgagors' liabitity her~ ~-der or upon the drbt hereby secu.ed. No sale of the prenuses hereby mongaged ar,d no forbearance on the pa~~ of ?he /JIORTGAGEE o~ its successors e~ ass~gns and no ezfens~on of the time for the payment of the debt h~reby secured given by the MORTGAGEE or its successors or ass~gns, a~iall operare ro re!ease, d~scharge, mod3y c~ange or affect the orig~nal liab~tlty of the MORTGAGOR herein, either in whole o~ in part. 10. !t is spec~fcally agreed ~hat time is of the essence of this contract and that no waiver of any ob~igat~on he~~er or of the ob~igation se- cured hereby shal~ at an~ hme thereafter be heid to be a warver of the terms hereol w of the instrument secured herby. I 1. In a:id tio~ ~o the forego ng mor.!h!y paym~nts of pri~~ pal and interest required by the prom ssery ~~o'e s~cured hereby, mortga~or covenants e•:d agr~es ro pay to ~r;o•tg~gee xnh each month(y payraent rn ddd~rional sum estin,ated by mortgagee to be equal to 1 12 of tne an~iual cost of the foI{ow- - A-All reaf Froperty ta,cas levied or assessed agai•ist tk~ above desc.ibed .mat esrate. B-Pr,.~n,;,,~ns on fire and w~ndsto:m insuracce as here~n requ:red to-be carried on ihe Fmproveme~rs s~ruate on th~ above dascribed premises. G-Prem~u:-~s on such n,ongage guaranty icsura~.ce as mortgagee shall from t:me ro time deem ~~t to ca+ry on the loan sec~red hereby. ASortgagee sha!~ .'rom t~-ne to t~me notify mor~5agor In writ~ng of the amount due and payabte hereundar and such su~, shall thereupon be due and ~;.ab!e on.the c'.ue date of ihe next month!y payment and each successive month thereaiter ur.tit mcrtgagee shall not~fy mvrtgagor of a thange in such :~unt Suth swns s~a.i be a~p:ied by mortgagee toward the payment of real property taxes, i~surence prem;ums, a,id mo~tgage guaranty insurante ~ ~"erniUmS. IN \'~ITi~~ESS ':JNEREOf, the said MORTGAGOR hts hereunto set his hand and seal the day and ye iirsi afaresaid. i ,~Signed, Sealed and deltiere in t ¢resence of: _ 1 i ~ ~ ~ Seal) _ ~ Charles H. Cox ~~ai~ _ _ ' ,~`J~~ ` i ; (Sea~ , Mary r . cox ~~a~~ ! SiATE OF FIOR)DA St . Luc ie ~ u' _ ;uvrY oF 1 i Befpre me personat(y appeared Charles H• COX and ~ MdZy l?'~• COX - his wife, ta me well icnown and known b me to be E rne ind~vidua~s described in and who executed the foregoing instrument, and acknowledged before me that they executed the came for the purposes ~ rhe~e~n expressed. And the said_ ~YY M• COX ~ rr~fe of the sa~d Charles H~ COX upon ~fepa~at! and Q~ivat~ ~=am~nation by me raken separate and apart from her said husband, acknowledged to nd be re me that she executed said i~utrumlM fre~Fp and v0lwr ru '~;~~y and w~thout any compulsion, consera~nt, appreh ~ ~q~ fear of w frotn hcr sa hus d. l ~ WITNE55 my hand and official seal this- day of - ~ A. D. 19... ~ ' . ~ _ ~ i - - - Notary Public in a for ~he St~te of~Horida attyiQ,i~ My Commission expire ~ ' - Ret~rn To: 3 - ~ _ y ~j , Fint Federal Savings ~ loan Associat~on r. ~ J Of Fort P c: c~. ! Fo~f P~er~z, F1criJs FI~EO A~n kfCGRDED ST. ~ ~~EF.COIlN~aS`A ~ CLERK ::;'.CU~t COURT-~ This Instrument Prepared By : John W. COl~~it3 ~~ED ; First Federai Savings 8 Loan Association ~ of Fort Pierce~ Floiida 33450 J~~ 3 1 la PH 1Z ~ Checked By~- 2~262,~ i ,t~ ; ~ ~ R (.V~ ~~YJ ~ BOUK PAGf ; i ~ i~ ~ ~ _ - - - r~.. . _ . . _ P...,x.~~r~z .