Loading...
HomeMy WebLinkAbout0865 To place and continuouslv keep on the bu~:d~ngs now or hereafte? ~~tuate on sa~d land and o~ aL' eq:,ipn,en~ ar.d personaliy covered by this mo~ ege, w~lh ell premi~ms ~hereon Na~d in fuU, lirc insuranCe in ~he usual Sta~Klard po'+Cy fOrm, in 0 wm dpprov0d by ~IiC h10R~GAGEE, dnd wind510 ~nsurance in the usual s~andard poLq lonn. in a sum approvrd by ihe MORTGAGEE, in such tompa~y w tompanies as the MORTGAGEE m d~rect; and all lire ar~d w:nds~orm inwrance policies on any of said build~ngs, any interest therein or pait thareoi, in ~he aggrega~e w~n aioresaid in excess thereof, shali cor~tain ~he ~sual sta~idard mong~gre clause w wch o~her clause as the Mortyagce may requ,re, makinq tne {oss unde~ sa~d po c~rs, each and every, pay~b!e to sa~d hIORTGAGEE as ~ts iniarest may appear, and each and every such po:ic7 shall be p~Omptly ais gnrd a~d de:iverrd : any held by sa~d h10RfGAGEE as•(ur~her secwity to said mortg~ge debt, and, no~ Iess than ten (10) d~ys in adrence o( the ezpiret~on of each poGty, to d~ I~ver to sa~d A10RTGAGEE a renewal th_reof, togethar with a reteipt lor ~he pr~mium of suth rene+~a!; and thrre shall be no f;re or windstorm inwrant ptaced on a~y of said buitd~~.gs, any inferest there~n or part the~eof, un!ess in the form and with the loss payaWe as a4o~esaid; a~d in the event any sun of money becomes payable under such policy or poLcies said MORTGAGEE shall have the ophon ro reo=~v~• acd appty tha same on acco~nv oi the +~~dabted n~es secured herrby or to permn sa~d IdORTGAGORS to recrive and use it w any part thc:eo( fcr o;i:•.r ~.ur: ~s~~s, ~.~~~~o~t ~h~no; w.:~+i.~~ or r,~p.,~' ing any equ~ty, lie~ o~ rignt undc~ or by virtue of this mo:'gage; and in the event sa~d A10RTGAGORS sh3!I for any reason fail to kecp the said pre~r.isrs so ~~~surd, or fail to dellver pranptly a~y of s3~d po6ues of insura~ce to said MORTGAGEE, or fa~! p:omptly to pay futly any pre~~u~:n therefor or in a~y respect (ail to perfwm, discharae, execute, effect, comptete, co~nply witfi and ab~de by th~s covenan~, or any part hareo(, sa~d MGRTGAGEE may piace a~~o pa,r fw wch insurance or any part the~eof w[thout waeving or affecting any optfon, Iien, equ~~y, or rigM unde~ u~ by virtue of ~his htor:~age, and ~!~e fulf amovnt of eath and every such payment shell be immediately due and payable and shall Daar intcrest from the date Ihereof until paid at the rate ol r~~~~e per cen~um per a~~nu:n and to~rthar with wch interrst shau be secured by the lien of this mortgage. A. io permit, commit or suf(er no waste, impairment or deteriaration of said property w any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any f;~+e by sa~d MORiGAG'_E, because o~ in fhe event of the fa~iure on the pa~? of fhe said 610RTGAGOR ~o duiy, pranpNy and fully pe~form, d~scharge. ~.ecute, etfect, comptete, co~nply wnh a~~d ab:de by each and every the stipulauons, agreements, conditions, and coveoants of sa~d promissory note and this n~.ortgage any or e~~her, and sa:d costs, charges and expenses, each and every, sha~l be immediately due and payaL-le; whether w not there be no~~ce da m„nd, attempt to coliect or svit pe~~d~ng; and the full amount of each and every such payment shall bear interest from tht date thereof until paid at the o~ ~une per crn:um per om~~:,,; ~:td a11 said costs, charges and ex~anses ~ncurred w paid, tcgether ~vah such interest, shall be securtd by the Iien of 1hi~ mortgage. + 6. That (a) in 1F~r event of any breach of th~s Mortgage or defautt on tF~ pa~t of the MORTGAGOR, or ;b) in the event any of sa;d sums of money hc•rein referred to be not pranpNy and fully paid wi~hin th~rty (30) days next ai~e~ the same severatly become d~e and payable, without demand or notice, .r ic) in thr evero each and every tne s~ipu:at~ons, agreemeNS, cond~tions and covenants of sad prom;ssory note and th~s mortgage any p either are not iu:y, promptly and f~ily performed, d.sch;~rged, esewted, effected, completed, compiied with and ab~ded S~, then in e~ther or any such event the said ag 3:cgate sum mentioned in said pron,issory note then remaining u~pa~d, with interest accrued, and a~l r.wneys secured hereby, shalt beco~ne due and pay- ao e forthwith, or thereafte~ a1 the opnon of said MOe~TGAGEE, as fully and comp~etely as if all of ihe said s~ms af money were originaNy st~pulated r~ be pa;d on such d~y, anything in sa:d pro+n~sscrY note w in this Mortgage to the contrary not~vithstand~~~y; and thereuuon or thereafter a~ the opt~on of s~.:i MORTGAGEE, without not~ce or demand, suit at law or in equity, the~efore o~ thereaher be3un, may be prosecuted as if all moneys secured hereby r._d matured pnor Io ds inst~tuhon. 7. That in the event thaf at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fo~eclose it, or to reform it, or fo enforce 4arment of any ciaims here~nder, said h~ORTGAG~E shaSl appty to the Court having ~ur]sd;aion thereot ior the appointment of a Receiver, such Court shaN ! i~,~hwith appo~nt a receiver of sa~d mortgaged property all and singular, includ~ng all and s~ngutar the ~ncome, prohfs, issues and revenues from whatever ; s_ ~~ce drrived. each and ever of wh~ch, ~t be~~ ex ress~ understood, is hereb morr a ed as if s ec~ficall set forth and deuribed in the rantin and ~ Y '9 P Y Y 9 9 P Y 9 9 ~ h,::end~m uauses hereof, and such Receiver shali have all the broad and effecrive funci.ons and powers in anyw~se entrusted by a Court to a Receiver, and __;h appointment sha~l be made by such Coe,rt as an adnitted equity and a matter of absolute r:ght to said MORiGAGEE, and without reference fo the ~ a:!~qu~cy w inadeq~acy of rhe va".ue of the property mortgaged or to the so:vency or inso!vency of sa~d MORTGAGOR or Ihe defendants, an~ that suc6 ~ r_~~:rs, proiits, inco~ne, issues and revenues shaii be applied 6y such Receiver accord~ng to the iien or equity ot said MORTGAGEE and the practice of such ~ Court. 8. To duly, promptly and fully perfo~~n, d~scharge, execute, effect, complete, compl~ wi~h and abide by each and every the stipuiations, agreements, ~ .ond"aions a~d covenants in sa~d prorrissory ~ote and th~s mortgage set fo~th. i 9. That in the event the ownersh~p of ~he mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :'ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deaf wi:h such successor or s~ccessw in interes~ with refere~ce to this ~.o•+gage and the debt hereby secured in the same manner as w~th Mo~tgago~ without in any way vitiating or discharging the Mortgagors' liability here- ~ndr. or upon the debt hereby sec~red. 1~lo sale of the prem~ses h<reby mo~tgaged and no forbearance on the part oi the MORTGAGEE or its successors .:r ass~gns and ~o extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, a~iall operate ro re!ease, d~scharge, modify cha~ege o~ affect the orig~nal liab:i~ty of the MORTGAGOR herein, either in whole w i~ part. - 10. It is spec~fiially agreed ehat t7me is of the essence of this contract and that no waiver of any obl;gat~on hereunder a of the obligation se- c~recf hereby shali at any tin:e tnereairer be heid to be a waiver of the terms hereof or of the instrument secured herby. I 1. In add.tlo~ ro ~h^ forege ng moath!y paymems of pr~~c pal and interest ~eq~irerl by the proms>cry no!e secu+ed hereb~, mort~agor eovenams d agraes ro pay to ~nortgagee v~~rh each n:onthiy pay+.:ent an add~r~onal sum est~mated by mortgagee to be equal to 1; 12 of t::e an~ual cost of the follow- '3: A-AII real property faxes levicd or assessed agai•~st thc above described real estate. 6 Pr.n:~~~ns on fhe and w~ndstorm ~nsurar.ce as here~n rcqu~red to be carried on the ~mYrovemeits s+tvate on thc abovc d_saibed premises. I C-Prem~ums on s~ch mottg~ge guaranty insurance as mo~tgagee shall from t•me to time deem }it to carry on the loan secured hereby_ 4 Mortqagee sh,!I from tf:me to r~rne nof~fy mortgagor m v~rit~ng of the amo~nt due and payable hereundr~ and such surn shall thrrc~pon be due and ~ ~ .,~ble on thr due cia?e of rhe ~;exr mo~ih:~ p,~yn,ent and each wccessive month thereaftcr uctil mortgagee shall not~fy mortgagor of a change in such ~ ~ ounL Such s~ms s~a:i be app:ied by mortgagee Ioward the payment of real property taxes, insurante prem:ums, a~~d mortgage guaranty insurance ~ ! •en,iums. . E IN ~'rIT~JESS :'rH:REOF, the said NIORTGAGOR has hereunto set his hand and seaf the day and year first atoresaid. ~ Signed, Sealed and detivered ' the presence of: ~ _ H"'~ (Sea4 ~ , (Sean ~ _ • (Seal) ClAria A~ Vincent ($ea1) ~ ; SiATE OF fLORIDA ~ ; $t • L.L1C 1@ • ~JU!JTY OF 1 Before me personally appeared Terr~ Lynn V incent a„a GlOlld A• V111C@ilt his wife, to me welt known and known to me to be tha individvais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes rherein expressed. And the said Gloria A. Vineent ..:fe of the sa~d Terry Lynn V1I1C@At , upon a separate and private •+m nat~on by me taRen separate and apart from her said husband, acknowledged to and before me that she executed said instrument fceely and volun- :~,;y a.,d w~thovt any cornpulsion, constraint, app•e ~s:o w(ear of o~ fr r said husband_ : ,,.,t~.,,r { ~VITNESS my hand and offiual seal this- day of . ,A:~ ..19~- . i ~ ' - ' s~ . % . , ~ ~ Notary PubGc in a~d for t tate of f ids~et-tar~e` ; My Comm~ssia~ e:pires: r,qy ~ r~~ c`:' .,...p~~ ,H Retum To: r t E ~ First Federal Savings 3 Loan Associat~on ~ t` , kN ~~r~ (q~" (Q j s~ ~ Ot Fort P c rce. - a! ~ ~ • - ; i ~ 1 '.v fort Pirrce. Florida / - - • ' ~ _ ~ ~r.• ~ • ~ ~ ~ ' ,f .•i 3•, ~ ~ FILED AN~ RECORDEo ~ This Instrument Prepared By ST. LUClE COUMIY fLA. Firsi Federal Savings & loan Association RaCER POITRA~~ CLERK CIR~UIT COURT ~ of Fort Pierce RECORD VEP.iilEO Checked By _ ~ j N~/Z U R ~ ~ . BO~K ,~~3~0~ 204 N~~ 8fi5 ~ ~ ~ - ~ -~w~ ~ ~ ~ .e_..