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HomeMy WebLinkAbout0361 3. To p~ace anJ continuously keep on the bui:d~ngs now a hereafter ~~tuate on said land and on a:i equip~~en? and personaily covered by this mor e9e, w~~h a:l prrmiums thereon pa,d fn fuil, fire ensurante io the usual standard po,~ty form, in a s~m aHpro+ad by ihc VIOR~GAGFE, and vv~nds~o ~nsurante in ~he usual sfand~?d po~.cy ionn, in a sum approved by the MORTGAGEE, in such company o~ companies as ~he 1hORTGAGEE m d~rxr, and all fi~e and w:nd-a~orm insurance poi~c~~s on +ny o( sa~d buildmgs, any inte:eat therein or part thereof, in the agg~cgate wm aforesaid in eacess thereof, shall contain the us~al sta~edard mortgagee elause or such other c~ause as the Mortgagee may requue, making thr Ioss undrr sa~d po c~~~s, each and every, payab:r to sa~d hlORiG.4GEE ~s its in~rresf may appear, and each and every su:h pa'~c~ shall be promptly ass gneJ and det~vered ~ any hetd by sa~d MORTGAGfE as (ur~hrr sewri~y to safd niwtgage debt, ard, not tess Ihan ten (10) days in advo~xe of the expiration of each poGcy, to d~ i~ver to sa~d h10RTGAGE E a ~enewal theieof, together wiih a rece~pt for the premium of such renewal; and thrre slw',I bz no fire o~ windslonn inwranc placed on any ol sa;d bu~Idings, any intcrest there+n or pait ihereof, un;ess in the fo.m and wiih the toss payab:e as afo~eia~d; a~d in the event any sun ; of money brcomcs payable cndrr such ~w'icy or peGcies said MpRTGAGEE shall have the opt~on to recciva a~~d app!/ the same on accou~it o( the indrbt~d ness srcured her~by ot ro ptrrnit said MORTGAGORS tp feteive and ufe it W any part the;co{ io~ o:i._•r HurE;,s_z, c++iho~t th"a Jr '.V.:iv1 :3 .:r ~mp..~' ; ~n~ any equ~ty, lien or i~ght under or by virwe of th:s ma:!9age; and in the event sa~d MORTGAGORS shall fw a~y reayon fa~l to keep the sa~d prem~sos so + ~nwred, ot fail 1o deGver promptly any of said policies ol insurante to sa;d MORTGAGEE, or fa~! promptly to pay fully eny pre~ni~m thcrefor or in any t ~espect fail to peri«m, d~scharge, execure, effeu, complete, comply with and abide by this covenant, w any part hareof, sa:d MGRTGAGEE may place a~:d pjy for such insurance or any part thereof wi!hout waiving or a(fecti~g any option, lien, equ;ty, or righ~ under or by virtue of this Mortgage, and the ; t~:l amounl ot each and every suth pay~nent snall be immetiiately due anti payable and shall baai ir,teresf from tiw date thereoF until paid at the rate o1 r~~ne prr cero~m per annu:n and toyrtht•r v~nh such interest sha11 be secured by the lien of Ihis mortgage. 4_ To pcrmit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To psy all and s~ngu:ar the costs, ctwrges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred or paid at ~ny time by sa~d MORIGAG~E, because or in the eye~t of ~he faiiure o~ the part of the said MORTGAGOR to duly, promptly and fully periorm, d~scharge. _,.ecute, etfect, canple~e, compty wuh and ab:de by each and every the stipulanons, agreemen?s, conditions, and covenants of sa~d prom~nsory note and ~his ,,ortgage any or e~~her, and sa d cests, chaiges and eapenscs, each and every, shall be immediately due and payab:e; whether or not there be norice da r.,a+~d, attempt to coNect or suit pendru~; and the full amount of each and every such paymeM shall bear interest irom ~he date thereof until paid at the ~e of ~tiine per ce~tum µr annu:n; and all sa~d costs, charges a~1d ex;Knses incu~red or paid, together wnh such interest, shall be secured by the lien of th~s mortgage. 6. That (a) in the event of any b~each of this Mo+tgage or defau?t on tFw pa~t oi the MORTGAGOR, or (bl in the event any of sa~d sums of money herein referred to be not pranptly and fully paid wishin th,rty (30) deys next after the same seve~a!ly hecome due and payable, withoul demand or nmice. ` or ic) in tht event each and every the stipulations, sgreements, cond~tions and covenants of sa,d promissory note and ~h~s mor~gage any or either a~e not s iu:y, promptly and fulty performed, d:scharg_~d, exec~ted, effected, completed, compGed wi~h and a6~ded Sy, then in e~ther or any such evem the sa~d ag ~ ~regate sum mzntioned in said promessory note then rernaining unpaid, w~th intere>t accrued, and atl moneys secured hereby, shali becbme d~e and pay ab.a forthwith, a thereafter, at the oprion of said MORTGAGEE, as fully artd compleiely as ii atl of the sa~d s~ms of money were or~gina~ly st?putated ?o be paid on such dty, anything in sa.d a~omissory note or en this Mortgage to the contrary no~withstanding; and ~hereupen or thereafter at the op~ion of j s-~.d MORTGAGEE, without notKe o~ demand, suit at law or in equity, therefore w thereatter begun, may be prosecu~ed as if all moneys secured hereby ' i n~d matur?d pnor to ~ts institution. ' 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or Io reform it, or to enforce ' paymem of any daims hereuncl~:r, said MORTGAGEE shall apply ro the Court having jur~sd~ction fhereof for the appo;ntmen? of a Receiver, such Court shall ie;;thwith appoint a receiver of zaid mortgaged propeny all and singular, inc!ud~ng aIl and sing~lar fhe ~ncome, prof~ts, issues and revenues from whate~er s~urce de~ived, each and every of wh;ch, it befng expressly understood, is hereby mongaged as if spec~fically set forth and deuribed in the granting and F,.3~endum clauses hereof, and s~ch Receiver shall have all the b~oad and effective funct.ons a~d powers in anywise entrusted by a Court to a Receiver, and s_ch appointment sAall be made by such Court as an admined equity and a matter of absolute r~ght to said MORTGAGEE, and wishout referente to the ad:quacy a inadeqvacy of the value of the properry mortgaged or to the so,vency or inso~vancy of sa~d IYtORiGAGOR or the defendants, and that such •r rs, profits, inco.ne, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Co~rt. 8. To duly, pranpt~y and fully perform., dischargt, execute, eifect; complete, comply with and abide by each and every the stipulations, agreements, _o~ditions and cover.anrs in sa~d prom~sso:y nore and th;s mo~sgage set fwth. , 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORtvAGOR, the :'ORTGAGEE, its successo~s and ass~gns, may, wi~hout no~we to the htORTGAOR, deal w~th such successor or s~ccessor in imerest with reference to this ^~origage and the d~bt hereby sec~red in the same manner as with tAortgago~ without in any way vitiating or dacharging the I~Aorrgago~i liability here- u~:der or upon the debt hereliy sewred. No sale of the premises hereby mortgaged and no iorbearance on 1Fx part of the 18pRiGAGEE a its successors or ass~gns and no extznsion oi the time for the payment of the debt hereby secured given by the MOR7GAGEE or its successors w ass~gns, a~~atl operate s to re!ease, d~xharge, modify thange or affect the orig~nal liab:{ity of the MORTGAGOR herein, either in whole o~ in part. • ~ 10. It is specificalfy ag~eed that t~me is of the essence of th~s contract and that ~o waiver of any obGgation hereunder or of the ob!igation se- cvred hereby sha!1 at any time the~eafter be he!d lo be a wai+er of the terms hereof a of the instrumeM secured he~by. I1. In atid:tlon to the foregc'n9 month!y paym~nts of princ~pal and inte~est req~ired by the p~om's~ry no!e secured hereby, martgagar eovenants d agrces to pay to mortgayee kith each monthiy payr.zent an add~ional sum rst~mared by mortgagee to be equal to 1; 12 of Nie annual tost of the follow- '3~ r A-All re31 property tax:s tev~e~ or assess`d agai•nt thc above desv~bed real estate. i B-Pr._~niums on fire and w~ndssorm insvracce as he.ein requ:red to be carried on the ~mproveme~ts s~tuate on the above dsscribed premises. 'i C-Premwn~s o~ wch mortg_ge g~aranty insurar~ce as mortgagee shal~ from. t'me to tirne deem fit to tarry on the loan secured hereby_ . ' Mortgagee sha'I from tlme to time notify mortgagor in writing of the amoum due and payable hereundrr and such surn shall thereupon be due and j .,,abie on the due dere of tne next month:y payment and each wccessive mo~th thereaft^r uctil mcrtgagee shatl notify mortgagor of a change in such E ; ~unf. Such sums s~a:l be app~~~d by morrgagae toward the payment of real property taxes, insurance prem.ums, a~xl mortyage guaranty msurance ` - ~•e~nwms. IN Y1ITPJESS 'h'N;QcOF, the said MORTGAGOR has hereunto set his hand and scal the day and year `first aioresaid. Signed, Sealed and delivered in the presence of: ,~Ld.~~ ~ % ~ a~ Charles B. E le t ~~si~ - ~,,~1(~ ~ - (Seal) ~ Mildred L. Ellett ~~aq ATE OF FLORIDA ~ St I.uc ie ~ :UtJTY OF • _ 1 eefore me perwnally appeared Cha rle s B. El let t a~J ~111. Cj?''C'd L. E 1 1.C't t his wife, to me well known and known to me to be rh: ind~viduats described in and who eaecuted the foregang instrument, and acknow{edged before me that they executed the same for tbe purposes rHC•ein expressed. Md the said 4~11C~;FC3 j,. Fllett .:,!e of the said _Chd T~PS B. E11ett , opon a separate and private c.am~nation by me taken separate and apart from her said husband, atkoowledged to and before me that she executed said instrument fr~ely and volun- ~•,~y and wAhout any compu~sion, constraint, apprehens;on, a fear of or from her uid husband. , c~ WIiNE55 my hand and offic;al seal this__ 17t~ day of 'ju ly Li.' 19 72 • M~ • • • • " : ~ Notary Pvbtic in and for the St ~~f ~br' • af larQe.'• ~ = 3 ~ My Commisaan expires: N~T ; %~T~,ot kBRIDR et E.QRGE ~ Return to: ~ First Federal Savings b Loan Association -~%~'~'i'~~'~' ~.~915 ~ 233U'75 ~,cntl.4. 17~, ;c:~'y~' ralin~u_~Ec Un6s?..~iien. Of Fort P erce. ~ ~I • ~ ' ~ Fort Pi?rCe, FlGrl:lj FILED ~N^ aEC0RDE0 - ~ ' ~1 ' ~ y ~ ' ST. WCIE GOUMTY fLA. ~ ~ ' ' ~ ` ~ •i:, s AOCER ~~3~TRAS ~-.7; x ~ CIERK Cs;.CW! COURT ~ ; n trument Pre ared B J~hn t~t. CollinsR~CORQ VEp~;~~~..~.~L f~ -z9-7S = Th~s I s p y : First Federal Savings 8 Loan Association ~Z PH ~~Z - ' of Fort Pierce , Flo ricaa q 3 4 Checked By - ~ ~ ~ ~ ~ aooK 2~4 PncE 361 ' ;S ~ ~ - - - - r - - - - - = ~ ~ _ .