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HomeMy WebLinkAbout0665 i 5 1 3 3. To place end continuously keep on the bvi:dingi now or hereaftet ~itwte on said land and on aK cqulpmenl and personally covrred by this mW e~e, wilh al) premiuml ~hrreon pa.d in (ull, I~re inwranca in the uwai standard po~~cy form, in a sum appro+ed by tha MOR~GAGEE, and w~ndsw ~ ~nsu~ance in ~he uwal s~anda~d E:o~~cy fonn, in a sum approved by the h10RTGAGEE, in such company or companies a~ the A10RTGAGEE m w d~rea; and all • fi~e and wu~dsrorm insurancr poGcies on a~y of sa~d buiid~ngs, any iMCresl ~herein or pa~t Ihareof, in the aggrega~e su~n aforesa~d ~ ~n excess ~her~wf, shall comoir the us~ai sranda~d ma~gagee clause w such other clause as ~he Mortya~ee may ~eq~ae, maAing the ioas unJrr so~d po ~ c~es, each and zvery, payobee to said 1~10RiGAGEE as ~ts inta~est may appear, and each and every wch po'~cy shaU be promptly ass g~~ed a~~d dclivered ~ an held b said h10R(GAGEE aS Eurther seturit to sdicl morl a e debf, and, not Ie33 than ten (101 da S in adrance o1 thC ex iralion of each OGc to d~ ~ r Y v 9 9 ~ N P r• ' ~~.~er to said MORiGAGEE a renewal thereoi, toge~her with a receipt for the premium of such rene.vaf; an~ ~here shail be no 1~re or windsto~m insuranc ~ ptnced ort any of srd buildmgs, any inrerest there~n or part ~hereof, vnless in tFe (onn and w~th ~he loss payabte aa.afo~esaid; and in the evenl any sun of mo~ey becomes payabie under such polity or policies said MORTGAGEE sfi~ll have the opt~on ro receive and app?y the same w+ accou~u of the indob~rd ness secur¢d heteby or ro ptrmil s~id N10RTGAGORS to ~eceive and use il oa any pa~t thr:cof ior o:ii~r ~.ur~ osrs, ::nho~t th_•~ .v_wi .;r un~.,ir ~ ~n9ua d, orufa 1,iondetiverh' o~n~tl ora~y of tsj ~Of Ih;`1 sooga9i ran et o, sa~dvMOR1GAGEOERTcAGOkSrs~hal;~fo'~an a re;uon aa~il torkcep'~h hcrc o~ror~irn an~ P P Y Y Po P P Y P Y Y Y P' Y r~spca fait to perform, d~scharge, exetute, eiFeU, complete, comply with and ~bide by this coven~n~, or any pa~t horeo(, said MORTGAGEE may p~ace a~~d ~ pay fo~ wch insurance or any part thereof wrthout waiving w affecr.ng any opt~on, Gen, equ~ty, or right ur.der a by v~rtue ot ~h~s Mor~gage, and ihe ~ i~ll amounl of each and every su:h payn,rnt shall br immediately due and payable and shafl bear intcrest irom tha date thercof un~il p.;id at the rate of ~ n~ne per cemum per annum anJ to~~~ha~ wiih such inreresr shal{ Ge sccured by the lien o1 this mortgage. 4. To permit, commit ot suffer no waste, impairment o~ deterioration of said property ot any part the.eof. ~ ~ 5. To pay all and s~ngula~ the costs, charges and expenses, induding a reasonable attomey's fee and cesrs of abstracts oi ti~le, incuned or paid a~ t any tim.e by said MOR1GAGfE, because or in the event of the fa~~ure on the part of the said MORTGAGOR to du~y, promptly and Fully perform, d~scharge. ~ ,yecute, effec~, complete, comply w~th and ab:dr by each and every ~he st~pulat~ons, agreements, condit~ons, and covenaros of said pro~»issory note and fhis ~ .,,ortgage any or e~~her, and sa:d costs, charges and expenses. each and every, shall be immediately d~e and payabla; whether w not there be notice da f n,and, attempt to collect or suit pend~ng; and the iull amount of each and every such payment shall bea. interest trom the dale ihereof until pa~d at the s re o! nine per cenrum per a~u,~~; and all sa~d costs, charges and expenses incurred or paid, together ~vdh such imerest, shall be secured by the lien of th~i ! mortgage, j 6. Thal (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the evenf any of sa;d sums of money ' herein refer~ed to be nm promptly and fully paid within thirty (30) days next aft~:r the s~me severa~ly becane due and payable, wi~hout demand or notice. , r ~c) in the event each and every the stipu;atiau, agreements, cond~rions and covenants of sa:d promisso~y note and th~s mortgage any or either are no1 ivly, promptly and fully perfo~med, d.scharged, executed, effeded, canpleted, compfied with and abided 5y, then in e~ther w any such event the said ag 3•_~gate sum mentioned in sa~d promissory note then remaining unpaid, with inte~est accrued, and aIl moneys secured hereby, shall become due and pay- ao:e forthwith, or thereafter, at the oprion of sa;d MORTGAGEE, as fully and complete~y as if all of ~he said sums of money were or~ginally snputated ~c be pa:d on such day, anything in sa:d pro~n~ssory ~ote or in this Mwtgage to the cororary notwithstand~ng; and thereupon or the~eafte~ at the opnon of s~ d MORTGAGEE, without notice or drmand, suit at law or in equity, the~efo~e w thereafter beg~n, may be prosecuted as if all moneys secured hereby n_d maWred pnor to ds initituhon. 7. That in the event that at the beginn~ng of or at any time pend~ng any suit upon this Mortgage, or to forectose it, or to reform it, o~ to enforce payment of any tlaims he~eund;:r, said MORTGAGEE shail apply to the Court having jurisd~d~on thcrcof for the appo~ntmeN of a Receiver, s~th Cour1 shall Fo~thwith appoint a receiver of said mortgaged property all and singular, inci~d~ng all and singu~a~ ~1~e income, proi~rs, iss~~es and revenues from whatever seurce derived, ezch and ~very of wh~ch, it being expressly understood, is F.ereby mortgaged as if spec~ficaity sef forth and described in the g~anting and h3i,endum clauses hereof, and such Receiver shaii have all the broad ar.d effective funct,ons and powers in anyw~se emrusted by a Cour1 to a Recriver, and s~ch appointment sha~l be made by wch ~ourt as an admitR-d equity and a matter of absolute right to said MORTGAGEE, and wi~hout ~eference to the edeauacy w inadequacy of the value of the property mortgaged or to the so~vency or insoivency of said MORiGAGOR o~ the defewdams, and that such re•~rs. profits, inco~ne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such . Court. . 8. To duty, prompfly arxi fully perform, discharge, execute, effect, complete, comply with and abide by eath and every the stipulations, aflreements, o~nditions and covenanis in said promissory note and this mortgage set forth. 9. That in the event the ow~ersh~p oi the mortgaged premises, or any parf thereof, becomes vested in a pe~son olher than the MORTGAGOR, the :^,RTGAGEE, its successors and ass~gns, may, wi~hout notice to the MORTGAOR, deal with s~ch successor o~ s~ccessa in interest ~vi~h reierence to this . o•~gage and the d~bt hereby secured in the same manner as w~th hlortgagor w~thout in any way vitiating or d~scharging the Mortgagors' liability here- :,~:der or upon the debt hereby secured. No sale of the F~em~se: hereby mortgaged ar.d no forbearan~e on the par~ of the IAORiGAGEE or its wccessars ~r assigns and no exrension of the time for the payment of the debf hereby secured given by the PAORTGAGEE or its successors or ass~g~s, a~iall operate to re!ease, d~scharge, modify change or affett the orig~nat liao:lity of the MORTGAGOR herein, either in whole or in part, i 10. It is spec~f~ca~~y agreed that time is of the~ essence of this contract and that no waiver oi any obl~gation hereunder or of the obligat'an se- cured hereby sha!i at any time thereafter be held to be a waiver of tF.e terms hereof a of the instrument secured herby. I1. In ,;dd.tio~ to ihe forego n9 mon:h'y paym~nls of princ pal and in!~rest required by the prom:sscry no!e secured hereb/, mo:igagor Covenants ,%d agr~es ~o pay to mortgagee v~~th each monthiy~ pay~::ent an add~rional sum estin:ated by mortgagee to be equai to 1; 12 of the annual cost oi the lollow- j: A-All real property taxrs lev~~~ or assessed agai•~st the above descrihed real estate_ B- Pnzn:i~rns o~ fire and winds!o+m ~nsurarce as herein requ~red to be carried on the (mprovements s~tuate on the above described premises. ~-Pra: , ..,.h :~;.y: g:....... :y .r.s:.:a:.cc as ^:or:ga~cc sha!! f:,.... ..:sc !e..._ a=-... fi! !a __.cy ~tie i=='• ----•va tie,at,~ ~ - i Mortgagee she?I from t~n:e to tm~e not'rfy mortyagor ;n writ~ng of the amount due^and payable hereundrr and sucN surneshall thcreupon be due and ~ ~ :,,able on the due date of the next month!y peyment and each successive month thereafter uatii mortgagee shall noGfy mo~tyagor of a change in such ~ • ount Such sums sha:i he appii~~ by mortgagee toward the payment of reai property tazes, insurance prem.~ms, a~~d mortgage guaranty insurance : •e•niums. • p ~ IN WITNESS P~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ f Sign , Seal an del' ered i the p~esence of: f ~ sl) ; I tle P, , D (~a~ ~ ~ - ~~(Seal) ~ - + Evel I.. rew t~ai~ ~ 5'ATE OF FIORIDA ~ COUNTY OF rit . I.UC 1G ~ ~ ~ Before me perwnafly appeared Kenneth F.. DI'c~W a~ _ Evelvn I. • DreW his wife, to me wefl known and known tp.me to be th_~ individuals described in and who executed thr foregoing instrument, and acknowiedged befwe me that ttiey executed the same.J ~~xposes Evel L. Urew l'~~..... the~ein expressed. And the said__ ~ ••-'f . ~ ~-T~. . Fe of the said _ ti CT1T1 C t tI i' . l~ I' ('CI upon ~~ar , iAd ~ra1M' ' exam~natio~ by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeQl fr~y•9d ~ovn~ ~ and without any compulsi~n, constraint, apprehens~on, o~ fear of or from her said husband. L'J, e~ p _ ~ WITNESS my hared and offie:al seal th~~. 1Zth day of `Ju y ~w D. '397~ ; ~ ~ ntho S. Dolozik - ^ ~ ~ Notary Public io and for the Stare of Fiorids at lar~t . ~ My Commission expires: • ' • ~ a-~~~~ to: rtOT..;;r •,~_~t.'i iC. S' ;zE ~f FLORIDA at UIRGE ~ Fira~ Fca.ra! Savinga s loan Ass«iat~on Mr CO!.x~,!ISSICN CXPic2ES ,r,~pT, 9, 1974 Of fcrt P e~ce BUNDEU iHHOUGH FRED W, DIESiELHORST s ~ fOlf ~Pi~~rtc', flOt~,? i ~ ~ ~ a~~~~~g~t : - This Instrument Prepared By John Callins OiR~d~ R~• ' First Federal Savings & loan Association ~ Ctf?~i 00~~~ ~ ~ of Fort Pierce , Floric:a R~~O Y[Rlfl~.,,,~~ ] ~ ~ Checked By o „N~,1~ 3 ~o PM ~~lr ' ~ ~i , ~ ~ 80t;K ~ PACi 2 ~ 2332'7 ~ : ~ . _ - : ~ : ~ ' .~5 ~ ; . .r ~ ~'~s*.~.,'~~ 3 ~ .