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HomeMy WebLinkAbout0772 3. To place and continuously keep on the bui'd~ngs now or hereafte~ situste on sa~d land and on ali equip~nent and personalty tovered by this mor age, w~th all premiums therecn pa~d in iull, f~re ins~rance in the usvat sraodard poticy form, in a sum approved by the MOk~GAGEE, and w~~~dsw ~nsurance in the usual itandard pof.cy iorm, in a sum app~o~rd by the MCRiGAGFE, in such co~npany or compan~es as the h50~TGAGEE m direU; and atl fire and w~ndstorm insurance pofc~es o~ any of sa~d bu~id~ngs, any imere~t the+ein or part thereol, in the agg~egafe wm aforesaid in extess thereof, ~hail ;ontain the usual uandard mortgagae clause or such o~he~ clauie as the Mortgagee may requ;re, making the ±oss undar sa~d po c~es, each and every, payab'e to said htORTG!~GEE as rts int~r~s~ may appear, and each and every svch po:~c~/ shail be promptly ess gnrd a~~d de~ivared : any held by sa~d MORIGAGEE as further sawri~y ro sa~d n,or~gage dabt, and, not less than ten (10) days in ad~ance of ~he exp~~at~on oi each poGcy, to d~ I~ve~ to said MORTGAGEE a renewal thereof, togeiher with a receipt ior the prernium of such renewaf; and there shall be no f~re or w+~~ds+o~~n insurant placed on any of said buitdings, any interest therein or part thereof, un!ess in the form and with the loss payable as afo~esaid; and in tM event any sun of money becomes payable unde+ such policy o~ pofcies said MORTGAGEE shall have rhe opt~on to rec~~ve and apN1y the u+ne on accoun~ 01 the indabtrd r.ess secured hereby or to per~~it said MORTGAGORS ~o receive and use it or any part the:cof for o:ncr purrosrs, v.:u~o~t ~h,~~oj wci~i~3 c~ c~~p..ir ing any equ~ly, lien w rignt under w by virtue of this mortgage; a~d in the eveN sa~d MORTGAGORS shall for any reaso~ fail to keep th~ sald premises so insured, or fail to deiiver promptly any of said po~~cies of insurance to sa~d MORTGAGEE, or fad p:ompsly to pay fu~ty any prem~um therefor or in any respect fait ro perform, d~scharge, execu~e, effed, completz, comply wirh and abide 6y th~s cove~ant. w any part hareof, sa~d MGR7GAGEE may pface a"d pay fw such insurance or any part thereof wiThoul waiving or aifecting any optio~, lieo, equ~ty, or r~gh1 undzr or by vi~tue of ~his Matgage, and fhc fufl amount of each and every such payment shall be immediately due and payable and shalt bear interes! from the date thereof u~~il paid at the rate ol nine per centum per annum and toaethrr v.•ith such interest shali be secured by the lien of this mongage. 1. To permit, commit o? su(fer no waste, impairment a deterioration o( said property or any part thereof. S. To pay atl artd singular the costs, charges and expenses, including a reasonable attorney't fee and costs of abstracts oi title, incurred or paid at any time by sa~d MORTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fulty perform, d~scharge. execute, effea, complete, comply w~fh and ab:de by each a~d every the st7pulations, agreements, corxiit~o»s, and covenants of safd p~omissory no~e and ~his mortgage any or e~ther, and sald costs, charges and expense:, each and every, shatl be immediately due and payabte; whether w not there be no~~ce da . mand, attempt to collect or suit pend~ng; and the ful) amount of each and every such payment sha11 bear interest irom the date thereof until paid at the *,,re oi nine per centum per annu:n; on~ aii said costs, charges and ezy~rnses inturred or paid, toyather wdh suth interes?, shall be secured by the lien of this mortgage. 6. That (a) in the evenl of any breach of this Morfgage or defautt on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money here~n referred to be not promptly and fvlly paid within thirty (30) days next aiter the same severaEly become due and payabte, withoul demand o? notite. or (c) in tht event each and every the stipulations, agreements, co~ditions and covenants of sa:d pron,~swry note a~d th~s mortgage any or rither are not iuiy, promptly and iully performed, d:schargrd, executed, elfected, completed, complied with and abided by, the~ in either or any such event the said ag- gregate sum mentioned in said {.•omissory note then remainirr~ vnpaid, with interent accrued, and a~I mone~s secured hereby, shall becort+a due a~d pay- ab:e forthwith, or thereafter, at the optio~ of said MORTGAGEE, as fully and completety as if all of tt~e said sums of money were or~ginally st~pulated to be paid on such day, anything in said p~om~ssory note or in this Mwtgage to the contrary notwithstanding; and thereupon or lhereaiter at the opt~on of sa~d MORTGAGEE, withaut not~ce or demand, suit at law w in equity, thereiwe or thereafter begun, may be prosecuted as if all moneys secu~ed hereby r._d matured pnor to ~ts institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mo~tgage, or to fweclose it, o~ to reform i1, or to enEorte payment o! any claims hereunder, said MORTGAGEE shali apply to the Cour1 having jurisd~ction thereoi ior the appo~ntmem of a Receiver, wch Cour~ shall i~rrhwith appoint a receiver oF said mortgaged property all and singular, includ~ng a!I and singuiar tne income, prof~ts, issues and revenues from whatever sour~e derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speufically set forih and described in the granring a~d 1,3ixndum clauses hereof, and such Receiver shall have alt the bruad and efFective funct.ons and powers in any~vise entrusted by a Cou~t to a Receiver, and s:ch appoi~tment shall 6e made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and withouf reierence to the ac'.~~quacy or inadequacy of the value of the property mortgaged or to the so~venty or insolvenc`~' o( said MORiGAGOR w the detendams, and that such re~u, profits, incane, iuues and revenues shall be applied by such Receiver according to the lien or equity of •said MOijiGAGEE and ~he practice of such Court. . - ~ 8_ To du1y, promptly and fully pe~form, distharge, execute, effect, complete, tompty with and abide by e~cb~and evety the stipulations, agreements, ! conditions and covenanta in sa~d promissory nore and this mortgage~ set forth_ ~ ; ~ j 9. That in the event the ownenhip of the mortgaged premises, a any part thereof, becomes vested in a penon other than the MORTGAGOR, the i :'.ORTGAGEE, its successo.s and assigns, may, without notice to the ASORTGQOR, deal with such successw w successw in interest with referersce to this n~.ortgage and the debt hereby secured in the same manner as with ".brtgagor without in any way vitiating or d~scharging the IAortgagors' liability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the par~ oF the IhORTGAGEE or its successors or assigns and no extensian of the time fw the payment of the debt hereby sec~red given by the MORTGAGEE or its successors or ass~gns, aiull operate ~ ro ~elease, d~uharge, modify change o? affect the original liab~lity of the 1LIJRTGAGOR herein, either in whole or in part_ j r 10. 1t is specifically agreed that time is of the essence of th~s contract and that no waiver oi any obt~gat~on hereunder or of the obligatan ie- t c~red hereby shali at any time thereafter be he!d to be a waiver of the terms hereof or of tFx instrument secured he+by. 11. In add:t;e~ to the forego'ng ~nonth!y payments of princ'paJ and inrerest requ~red by the prom:sscry nore secured hereby, mortgagor cove~ants 3~;d agr~es to pay to mortgagee vv~th each monthiy pay~..ent an add~~ional sum estrmaied by mortgagee to be equa? to 1, 12 of the annual cost of the follow- A-AI~ real p~operty taxrs Iev~ed w assessed agai~st the above describrd real estate_ B-Prcmivins or. fire and windsro-m insurar.ce as here~n req~~red to be carried on the ~mproveme~ts s+tuate on ttw: abo+e d~scribed premises. C-Premiums on such mwtgage guaranty irsurar~ce as mortgagee shail from t+me ro tirne deem fit to carry on the ~oan secured hereby. Mlortgagee sha;! frcm tirrtie to time not~fy mortgagor in writing of the amou~t due and payable hereundar and such su~~ shall thereupon be due and I~ ~.+yable on thr due tia!e of rhe ~ext monthiy payn,ent and each successive monrh thereahcr until mortgagee shal! not~fy mortgagor of a change in such ount. Such wms sFail be apFiied by mo~tgagee toward the payment of reat properfy taxes, insu~ance prem;ums, and mortgage guaranty insurance n~emiums. I ~ tN Y.'TNESS :YHER~Of, the said M.ORTGAGOR has hereunto set his hand and seaf the day and year first aforesaid. ~ Si9ned, Seated and d~Hv~ed in presence o~ I r ~ . 9 ~C~G~c~v aD / _ (Seaq ' ' _ - ~ (Sea4 . (Seal) SiATE OF fLORIDA • ~JUNTY Of St. Lucie ~ ! eefwe me personally.appeared George R. Miller a~ Marie Miller his wi{e, to me well known and k~a to'm~ to be ~ ' the individuals desaibed in and who executed the foregoing instrument, and acknowledged before me that they executed the sar~,fw• the. pt?[poses ` therein expressed. And the said ~rie Miller w~fe or :a~a _ George R. Miller v ~ pon ~ sep~rate;'and~~va?~ e*am~nation by me taken seoarate and apart irom tier said husband, atkrawtedged to and before me that she executed said insQuinen~freely an~.volUti. tanly aod w~thout any compu?sion, censtraint, apprehe ' or fear of or fr~m her said husband. - V. r ~l~ • WITNESS my hand and official seal this_ 1~.~ day of ~ J~ I`~ ~ D~9 ~ ` ~ i , f .T , ' j ~ _ ~o?ary Public ie'and~4or t Statp of F(or',d; at~larrge ~ y Commission expires: ~ ~ F, ' ~ Rerurn To: ~ - ~ ~,J first Federal Savings 3 loan Association v '~y Of Fort Ple:te. ~ Fott Pierce, Florida ~ fILE~ AND RECO~~E~ st.~uc+~ couKtr ~ • G This Instrument Pre ared B• GaY F. Ellwood ap~Ea ~~Ta?4 P Y• y tRCWj GOURt : First Federal Savings & Loan Association t~~R ~~R3~?EO...~~ of Fort Pierce ~ Rloz ida 33450 RECOIl4 09 ~u'~~ ~ 4 fi Checked By ~ o R 23333'7 BaaK zo4 ~~~E ~~z ~F - . -x: ~ ~ c+ : yY~~ tt ~Tava.~ry'~u Y..,a ~n, ~.rv S.. , . : ~.-~"`~'A3 .