Loading...
HomeMy WebLinkAbout0302 3. To place and conrinuous~y kecp on ~he bui:d~ngs now or hereafter ~~tuate on :aid land and on a1! equip~ner.t and personally covered by this mor ege, w~th all p~enii~:ns ihereon pa;d in fuil, f~re insurance ~n ~he usuat sra~uiard pot~c~ iorm, ~n a sum aHp~oved by the MOR~~AGEE, and w~nds~o ~nsurance in ~ha usual standard pol:cy form, in a sum approved by the MORTGAGEE, in such co~npany or co~npa~~es as the h10RTGAGEE m dnec~; and all tire and w~ndi~orm insurance po7ities on any of said buiid~ngs, any interest therein or part thrreof, in the aggrcgare sum aforesaid in excess ~hrreoi, shall :ontain the uwal sta~~Jard mo:rgagee clause w such o~her clause as the fdortgagee may requ~re, making thr ioss undrr sa~d po c~es, each and every, pay~ble to said AtORTGAGEE as ~IS intaresl may appear, and each ar.d eve~y such po,~.y shall be promptly ass g~rd and de~~vered i any held by sa~d M.ORIGAGEE as fw~her aecwity to said mortgage debt, and, not teu Ihan ten (10) d~ys in advance o~ the ezpirat~on of each polity, to d. I:ve~ to said MORTGAGEE a re~ewal thereof, togethrr with a receipt for the prernium of such renewal; a~~d there shail be no i~re or w~ndsto~m insuranc placed on any ai sa~d build~ngs, sny interest there~n w part thereof, unless in the form and w~th the loss payable as aforesaid; and in the evenl any sun 01 money becomes payable undrr wch policy w pol,cies said MORTGAGEE shall have ~he opt~on to recr~ve and ap~ily tl~e sarne on account ot the indebted nrss secured Fxreby or fo pe~mi~ sa~d MORTGAGORS ro receive and use it w any par~ thereof for o:~:•_~ pur; ose•z. .•.~~i:o~t th.+~ ur ~~u~~ ~3 cr ~~np..~r ~ng any equ~ty, lien or righ? u~der or by virtue of this mo:!gage; and in the event sa+d MORTGAGORS shall iw any rcason fail to keep the said premisrs so insured, or fail to detiver prompdy any of Said policies of insurance to aaid MORTGAGEE, ot fail promptly to pay luity aoy prenuum therefot o~ in a~y ~espect iail to perform, d~scharge, eaecute, effect, completr, comply with and abide by th~s covenanl, w any part hareof, said MORTGAGEE may place a~~d pay (a such insurance or any part thereof w~thout waiving w affecting any option, lie~, equ~ty, or r~ght u~der or by virtue of th~s Martgage, and thc ~ f~i~ amoum of each and every svch paymem shall be Emmediatety due and payable and shall bear interest irom ~Fnz date t!~ereof unfil paid at the ~ate ol n~ne per tentum per annum and to~eth~r with such interest shali be sec~red by the lien oi this mortgage. j To permit, commit or svffer no waste, impairment or deterioration of said property o~ any part thereof. ~ 5. 1o pay a!I and singular the costs, charges a~d expenses, including a reasonable altorney's iee and coers of abstracts of title, incurred or paid at ~ a~y time by said MORTGAG`_E, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfam, discharge. =xecute, effect, tomptete, compiy w~th and ab:de by each and every the stipulat~ons, agreements, conditio~s, and covenants of said promiswry note and this „ortgage any w e~+he~, and sa:d cosrs, charges and expe~ses, each and every, shatl be immedia~ely due and payable; whether w not there be notice d> 3 mand, attempt to cot:ect or suit pend~ng; and the full amounl of each ancl every sucfi paymeo~ ahall bear interest from Ihe date thereof until paid at the ; r: te of n~ne per cemum per anuu:n; and all said costs, charges and ex,~enses iocurred or pa~d, togather ~vdh such mteres; shaU be secured by the lien of th~s ; mortgage. 6_ That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event a~y of satd sums of money here~n referred to be not promptly and futly paid wifhin ~h~rty {30) days next a!~er the same seve~a!ty become dve and payabte, without demand or ~o~ice. or ic) in the event each and evary the stip~~ations, agreements, cond~tions and covenants o! sa:d promissory note and th~s n:ortgage any or e~ther are not ~uty, pranpNy and fvlly periormed, d;scharged, executed, effected, completed, complfed wlth and abided 5y, then in e~ther or any such event the said ag ~regate sum me~tioned in said promisso~y note then remaining unpaid, with interes+ accrued, and all moneys secured hereby, shall become due and pay- ebie forthwith, o~ thereaiter, at the op~ion of said MORTGAGEE, as (ully and compte+e~y as if all of the said sums of mo~ey were or~ginatly s~ipulated ~ to be pald on such day, anything in sa:d protn~sswy note or in this Mortgage to the contrary notwithstandu~g; and thereupon or thereafter at the op~~on of sa:d MORTGAGEE, without nohce or demand, suit at law w i~ equity, there(ore ot thereafter begun, may be prosecuted as if all moneys secured hereby n,d matured pnor to ~ts institution. 7. That in the event that at the beg~nning of w at any time pending any suit upon this Mwtgage, o~ to foreclose it, w to reform it, or to enforce payment of any cYaims hereunder, said MORTGAGEE shall apply to the Court havin~ jurisdiction thereof ter Ihe appointment of a Receiver, such Court shall ferthwith appoiM a receiver oi said mwtgaged property all and sirtgular, includ.ng iU artd singular the income, prof~ts, issues and revenues from whatever s: urce derived, each and every of wh~ch, n being expressty understood, is hereby mortgaged as if specificatly set forth and dexribed in the g~anti~g and h.~bendum davses hereof, and such Receiver shall have all the broad and effective funct~o~s and powers in anywise eotru~ted by a Cou.t to a Receiver, and s_ch appointme~v shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mo~tgaged or to the so:vency or insolvency o( said MORTGAGOR a the defendams, and that such re~rs, profits, incane, issues and revenues shal~ be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of suth t Court. 8. To duty, promptly and fufly perform, d~scharge, exxute, eifect, complete, comply with and abide by each and every the stipulations, agreements, : conditions and covenants in sa~d p~omissory note and this mortgage set forth. 3 9. That in the event the ownership of the ~nortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ h'.ORTGAGEE, its successors and ass~gns, may, w~thout notice to the MORTGAOR, deal with such successor or sutcessw in interes~ with reference to this n•ortgage and the debt h?reby secured in the same manner as with Rlortgago+ without in any way vitEating or d~scharging the Mortgagors' liability here- v~der w upon the debt hereby secured. No sa?e of the premises hereby mo~tgaged ar.d no forbearance on the part of the MORTGAGEE or its successors or assigns and no exrens~on of the t7me for the payme~t of the debt hereby secured given by tF~e MORTGAGEE or its successors or au~gns, a7iall operate ~o re~ease, discharge, modify change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speuficalty agreed that time is of the esse~ce of this contract and that no waiver of any ob~~gation hereunder or of the obligation se- c~red hereby shall at any tin,e therealter be hetd to be a waiver of the terms hereof or of the instrument secured herby_ 11. In add•tio~ to rhe Forego'n~ month!y payments of princ'pal and iroerest required by the prom~ssory nore secured hereby, mo:tga~or eovenants +~~d agrees to pay ro mo-tgagee v~rth each momh!y pa~~.~ent an add~nona~ sum est~mated by mortg3gee to be equal to 1/ 12 of the annual cosl of the follow- In j: A-Al! real prope~ty taxes lev~ed or azsessed agai•~st the above described real estate. B-Pren:~urns o~ flre and wir.dsronn insurar.ce as here~n requ~red to be carried on the improvemeits sltuate on the above dascriEed premises. C-Premiums on such mortgage gua~anty ir.surar~ce as mortgagee shall irom t~me to time deem fit to carry on the loan secored hereby. ~ Mortgagee shall from time to time norify mortgagor in writir.g of tfie amou~t due and payab~e hereundar and such sum sha:l thereupon be due and ~ ;.,:able on the due date of th= ~~ext month:y payment and each successive month thereaher unril mortgagee shall notify mortg3gor of a change in such ~ ~-oont. Such sums sha;l be a ~~d b mort a ee toward the a ment of real ro rt taxes, insurance rem:ums, and mort a e uarant insurance ` FP'' Y 99 PY P Pe Y P 99 9 Y ~ :~•emiumz. ~ N\VITNESS L•JHERcOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. , Sealed and deliv in the presence of: ~ w ' % ~~1J~ ~ ~I~L.4~/ f$een - ~ ~ V l Il R ~ (Seal) u-~ (Seaq Carrie Ross ~~aq ~ 5 i A7E OF FLORIDA ~ - St. Lucie ~OU!JTY OF ~ Befwe rt+e personally appeared ~rV1J1 ROSS °nd k Carr ie ROS S his wife, to me well known and known to me fo be { the individuats described in and who executed the faegoing instrument, and acknowledged before me that they exetuted the same for the pvrposes ~ rh~rei~ expressed. And the said Carrie ROSS r+1fe of the sa6d Marvin Ross '~,eon a seperate and private e.aminat~on by me !aken separate and apart irom her sa~d husband, ntknowledged to and before me that she exetv_fe~?~~ei ~ipstwment fr~ely and volum r~•~;y and w~thovt any compulsion, constraint, apprehens~ n,/ w{,, fear of or from her said husband. • _ ~ ~ WITNESS my hand and official ;eal this L`(- day of `~V 1'•~~ ~.e~~'.A. D. 19 72 ~ . ~ , ~ ~ ` ~ Notary Public in and fbr the State of Flor' a1;Lsrgf My Commission expires. . ' ~ • . : ' ~ : Return To: 3 First Federal Savings 8 loan Aswciation N~1'ARY PUBLIC~3`TATE' ~~~~DA it LARGE MY COM~i13S1eM-~(Pf~t~ bEPT. 25. 1975 ~ or Fo~f P erce. BWfded Bt Af~1C/IC~n B~akers Insurince ~:o. ~ Fort Pi~rce. ftorida ~ ~ ~ ~?NO ~cc a~~~ ~ This Instrument Prepared By RiChard K. Kaye s t 1.t0 - G First Federal Savin s 8 loan Association WC1E GOUN~Y U' of Fort Pierce ~ F loZida ~~ERK C~8 ~t t ~ I~ECOao VER?f~Eo Checked By Sl ~ ~1~ ,~w. t1 9 ~ ~oeK ~~4 PAGf 2330~4 _ - - - .~_4.__ _ ..N _n _ .