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HomeMy WebLinkAbout0538 3. 7o place and continuous~y keep on the bui'dings now w he~eaitn tituate on sa~d land and o~ aL' eqwpment and persona~~y covered by this mor ege, w~th all prem~wns thercon pa d 1n f~~l, fire insurance ~n ihe ci~al seandard pot~cy form, in a scm aHproved by thr MOR~'vAG~E, a~d windstw insurante in the usual sta~:da~d po;.cy fonr, in a s~m approvad by the I~tORTGAGEE, in such coR~pany or canpan~es as the htORiGAGEE m d~reu; and atl ffre and w~ruls~orm inwranca polK~es on any oi sa~d build~ngs, a~y in~e~est ~herein or part fhereot, in Ihe aggiegate sum aforosa~d in excess theieof, ihall :ontain the usual s~andarJ morta.~gee ciause or such o~her clause as ~he Mongagee may requ:re, making ~he ~oss undr+ s.~~d po c~es, eacA arid eve.y, pay~bte ro said htiORIGAGEE as ,ts in~erest may appea?, and each and every such po!~cy shall be prom~tly ass gnrd and de:iv~red ~ a~y held by sa~d 1rtpRiGAGEF as (ur~her secur~ty to said mortgage dtbt, and, not less than ten (1Q) days in adva~xe of the expirauon oi each po!~cy, lo d. t~ver to aa~d 610RiGAGEE a renewal ~hereof, togcther with a receipt for tlr. premium o1 such ~enewal; and thare shall be no i~re o~ winduorm insu~anc p~aced on any of sa~d b~i!d;ngs, any inte~csl there~n w parf thereof, unless in the fo~m and with ~he Ioss payabte as aio.esaid; and in ~he e~rn1 any iun of money becomes payable undzr wch policy o~ poi~cies said MORTGAGEE shall have the opt~on to reccive and app!y the serne on accouni of the indeb~ed ness secured hereby a ~o perm~t sa;d MORIGAGORS fo reteive and use it p any par~ ~he:eu~ lor o:i~~~~ purF~cses, v.ano~t thr•.u~ 1v.:~.~~~ cr ~n:p~ir ~~9 any equ~ty, I~eo w~~9M undrr a by vlrtue of th~s mo:rgage; and i~ the evem sa~d MORTGAGORS shall for any reasor~ fail to keep the sa~d premisrs so insur~d, or fail to detlver promptty any of s.+~d poi~c~es ot insurance to sa+d MORIGAGFE, o~ fa~l promptiy to pay fut:y any prr nium the~efor w in a~y ~esped (ail to perForm, discharge, execute, effect, camplete, comply with and ab~de by this cove~anl, or any part hareoi, sa~d MORtGAGEE may place a~~d pay for such insurance or a,.y part ~hereof •withouf.waiving or affecting any option, lien, equity, or riohf under w by vi~tue of this Morlgage, and fbt full ar»ount of each and every suth paymrnt shall be immediately due and payable •nd shatl brar interesl from tha date thereof until paid at the rate ol nine per centum per annu~n and tog~thar with such inter~st shaii be s~~cured by the lien of this mottqage. 4. To permit, commit or suffer no was:e, impairment w deterioraTion of said prop.rty w any pa~t thereof. 5_ To pay a~l and sing~lar ihe costs, charges ~nd expenses, inctuding a reasonable attwney's fec and costs of abstracts of title, incu~r2d or paid at any time by said MORTGAG:E, because w in the event of Ihe failure on the part of ~he said MORTGAGOR to duly, pranptly and futly perfprm, discharge. ~x~cute, effett, comp:ete, comply w~th and ab:de by each and every tl~ stipulat~o~s, agreaments, conditions, and covenants of said p~anissory ~ote and this ~~orrgage any or either, and sa:d costs, charges and expenses, each and every, shail be immedia?ely due and payable; whether p not there be not~ce de mand, attempt to collect or su~t pend~ng; and the full amount of eath a~d every such payment shall bear ineerest from the date thereot until paid s1 the r: re of nine per cent~m y~,~r a~tinu:n; and at{ sald costs, charges and expenses incurred or paid, togrther w+th suth inrerest, sha11 be secwed by the lien of this mottgage, 6. Tha~ (a) in the event of any b~each of this Mortgage w default o~ the part of the A10RTGAGOR, or tb) in the eve~t a~y of said sums of nwney herein referred to be no1 promptly and fully paid within thnty (30) days next after the same severa!ty becane due and payable, w+~hout demand o~ notice, ~r (c) in thr event each and every the s~ipu~a~~ons, agreemems, condiriom and covenants o4 sa:d prominso~y note a~~d th~s mortgage any a either are not iuly, p~ompely and fully performed, d,s:harged, ezecuted, eftected, canpleted, complied w~eh and ab~ded 5y, then in e~ther o~ any such eve~t the sa~d ag ~r ~ate sum menr;oned in said nranissory rtore then rcvnaining unpaid, with inrere;f acuued, and aH moneys secured hereby, shall become due and pay- ao:e forthwith, or thereafter, at the op`~on of said MORTGAGEE, as fully and complete:y as i( afl of tl,e said sum; of money were aiginally st~puiated ro be pa[d on such dcy, anything in sa:d p~orn~ssory note or in this Mortgage to tAe contrary notw~thsranding; and therevpon a thereafte~ at IF~e opuon of sa;d MORTGAGEE, w~rhout notice o~ demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if all mooeys secured hereby n~d maW~ed prror to ~ts i+istitut~on. 7. That in the evrnt ehaf at the beginn~rw~ oi or at any time pending any suit upon this Mortgage, or to iorectose it, or to re(arm it, or to enforce payment of any cl3;ms hereurzder, said MORTGAGEE shatl apply to the Court havirig junsdlction thereot for the appoimment of a Receiver, such Court sha~l fcrthwith appoint a receiver of said mwtgaged property all and singular, ~nt;~d:~g a? and singular the income, prufits, issves aod revenues from whatever s~vrce derived, each and every of wh;ch, it being expressly undersrood, ii he~eby mortgaged as if speuflcally set iorth and described in the granting and t.;:~endum c'auses hereoi, and such ReceiYer shall have aIt the b~oad and effeceive funcf.ons and powen in anyw~se entrusted by a Court b a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a matter o( absotute right to said MORTGAGEE, and with~ut reference to the nd~~quacy a inadrqvacy of the value o4 the property mwtgaged or fo the so~veocy or ;nsolvency of said MORiGAGOR or the defendants, and that such re~~fs, profits, incane, issues and revenues shali be applied by swJ~ Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dufy, prompily and fully perform, discharge, execute, effect, complete, comp?y w~?h and abide by each and every the stipulations, agreements, condit~ons a~d covenants in sa~d promissory note and fhis mortgage set forth. 9. That in the event rhe ownership of the mortgaged premises, or any part thereof, betomes vested in a person othe~ than the MORTGAGOR, the ::ORT(',AGEE, its successois and ass+gns, rnay, w;tho~t no~+ce to the MORTGAOR, deal with such s~ccessw or successor in interest with reference to this atgage and the deot hereby secured in the same manner as with Mortgago~ without in any way vit~ating or d~xharging the Nbrtgagas' liability 6ero- u~ider or upon the debt hereby sec~red. No saie of the premises hrreby mor~gaged and no forbearance on the part of the /AORTGlaGEE or its sextessors o~ ass~gns and no extension ot the t;mr for the payment of the debt hereby secured give~ by the htiORTGAGEE o~ its s~ccessors o~ ass;gns, a~~all operate ro retease, d~scharge, modify change or affect the original liao~lity of the MORTGAGOR herein, either in whole or in part. 10. It is ipec~fical{y agreed that time is of the essente of this contract and that no waiver of any obtigat~on hereunder w of the obligation se- cured hereby shali at any time thereafte. be held to be a waiver of the terms hereof or of 1F~e instrument secured herby. 11. In ~dd.t:oa to the fo:ego ng mon~h!y payments of pr;nc'pal and interest required by the promfssery no!e secured hereby, mortgagar eovenants 3~,d agrces to ~ay to nlortgagee ~niih each monthfy pay.:~ent an addnional sum es~~mated by mortg~gee to be equal to 1;' 12 of thz annuat cost of the follow- ~ A-Atl re~l.prop~rty taxes lev~ed or assess^d agai•ist th~ above descri5ed real estate. 6-Pr~rT:~u~ns o~ fire ard windswrm insu+~r.ce as nere~n req~;.ed to be carried on the ~mprovements situate on the above d_scribed premises. C-Premi~i~:s on such mortgage guaranty ir.surar~~e as mortgagee shal~ from t:me to time deem fit to tarry on ~he loan secured 6ereby. 1~flortgagee shai~ from t~me to f~~:e nor;{y mortgagor in wr~t~ng af the amou~t due arrd payable hereundrr a»d such s~~n shail thereupon be due and ,~;a6'e on the due ciara of the next month:y payment and each suctessive month thereafi~r urti! mortgagee shall not~fy morigagor of a change in such ^.ount. Such su~ns sFa~i be applied by mortgagee toward the paymenl pf real p~openy taxes, insurance prem:~ms, and morfgage guaranty insurance ;~•emiums. IN \YITNE55 LYH:REOF, the said fAORiGAGOR has hereunto se! his hand and seal the day and y r first af~~ ~5~ ned, Sealed and livered in the presence of: ~~e~~e~'{~ ~ a'' - W. Go b ld ~~aq (Sea4 Vivian L. Godbold «a~~ S~ATE OF FIORIDA ~ ~OUNTY OF - St. Lucie ~ 1 'i Before me perwnally appeared _ T(~hn W CrOdb07 d and ~ Vivian L. Godbold h~s wcie, to me well krawn and known to me to be ff rne individuals described in and who e~cecv~ed rhe foregoirtg instrument, and acknowledget! before me that they executed the same fw tF~e purposes rhere+n expressed. And the seid Vivian L. Godbold :,~re or the ~a~a __John I~i. God~old ,_~.~~,Q,,, , ,~,m a.,a ~.~„a~e e.am~nat~on by me taken separate and a~art from he~ said husband, ackoowledged to ancf before me that she exe~vtQd-sai~i~irqt~~pjen{•frbply and voluo- ~a~~ty and w~thovt any compulsion, constraint, apprehension, a fear of w from her said husband. - . ;i'-. WITNESS my hand arrd ofiic;al seal fh]s_.._~~ t~l day of ~ June 1 1~ a b. ~s~ . ' + Notary Public in a~d fDr ing Sta~ f F:o~ids at ~arge My Comm~ssion expires: f`~• Y1 y ' C ~7 Return To: ; s6~~7L7~= ~Z~7f ~ 9 1~ First Federal Savings b loan Associa!:on , ' Of fcrt V erce. ~ Fort Pierce. Florida 1 i } This Instrument Prepared By Richard K. I{3~@3 ~EO~KORe p~p~~ First Federai Savings & loan Association ~~,~~tE C4U~T1f fl.A. of Fort Pierce , FZorida OCER POIMA= CIERK C3RCUIT CO!!R1 Checked By RECORD VER~f1EQ ~IrL Ix 3 OS PM'7~ - aQ~x244 538 2 ~ 33198 ~ . :1 ~ . . ~ . , " _ ~~"a~.=e..~+r E.. 'p`- - . . . .