Loading...
HomeMy WebLinkAbout0984 3. To p~ace and cantinuously keep on the bui'Jings now or herea(te~ situata on said Iand and on atl ~quipment and personally coveied by this ma ege, w~~h all premiums thereo~ pa~d in (ull, f~re insurance in ihe uwal standa~d poticy form, in a wm appro+ed by t!+e h1GR~GAGEE, and w~ndsto ~nsurancr in the u:ual standard poLcy (am, in a aum approred by tha MORTGAGEE, in such <ompany or compen~es as ~he MORTGAG~E m d~reu; and all (ire and w~ndsrorm ir.s~rance pol~c~es on any o1 said bu3ld~ngs, any interest rhe~ein or part ~hereol, in ~he aga~~ge~e w~n afo~esa~d in excess thereof, shall :ontsi~ the usual s~a~~dard ma~g~gee c~ause or sucF, o~her clause as the Mor~gayee may rey~~re, ma?ing the toss under sa~d po c~es, each and every, pay~ble to said A~ORiGAGEE as i~s intcrest may appear, and each and every such po:~r/ shall be p~omptlY au g~~ed and deiiv~red ~ any held by sa~d h10RIGAGEE as ~w~her secu~ity ~o said mortgage dzbl, and, not leas Ihan 1en (f0) days in advance of ~he exp~~ation of each poGCy, to d. Gve~ to said MORTGAGEE a renewal thereof, toge~her with a receipt for the premium o( such re~~ewal; and ~here shafl tx no i~re or windstorm insuranc placed an any of sa~d bui!d~ngs, any intzrest there;~ or part the~eof, unless in the form and w~ih the loss payab~e as a{oresaid; and in the event any w~ of nwney becomes payab~e ur.der wch policy o~ poGcies said MORiGAGEE shall have the opr~on ro rec~i.~e u~id app!y ihe sa~ne on aaoun~ of the indebt~d ness sewr~J hereby or to perm~t said MORTGAGORS to reteive and us0 it p any parl fharcof lor o:n~~r Nur~ oses. ~~.:thout th,r~ u1 ~v.::v~ ~3 c~ ~~n~s~~ ~ng a~y equ~~y. I~en w ~~ght u~der or by virtue of th~s mc:egage; and in the event sa~d MORTGAGORS shall tw any reason fail to keep the sa~d premisrs so insured, or fail ro detiver promptly any of said polrcies of insurance to said MORTGAGEE, or fail promptly ro pay fuily any p~enu~m thcrefor or in any ~espect fail to perfwm, d~scha~ge, eaecute, effect, complete, comply with and abide by th~s covenant, or any pa~t ha~eef, said MORTGAGEE may place a~~o pay for such insurance or any part thereof wi~hout waiving or affecting any opt~on, lien, equity, or r~ght unde~ w by virtue nL!h~s Mwtgage, and the 1uh amovnt of each and eve~y such paymero shall be immedia~ely due and payable and sfiafl brar interest fro~i ~he datelhereot until paid at ~he ~ate of n~ne per centum per annu:n and to~r~h~r with wch interest shaii be srcured by the lien of this mortgage. To permit, commit or wffer no waste, impairment a deterioration of said property or 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 tim.e by w~d MORTGAG:E, becauae or in the eve~t of the (ailure on the part of the said MORTGAGOR to duty, pron~ptty and fully perlorm, d~scharge. =xecute, effect, canplete. <o~nply w~th and ab:de by eath and eve~y the at~pulat~ons, agree~~ents, tond~tio~s, and cove~~ants of said pranissory note and this .,,orfgage any w e~ther, and sa:d cosrs, charges and eapenses, each and every, shall be immcKliatety due and payab:e; whe~her w not there be. not~ce d~ ~nand, atte~npt 1o collett or suit pend~ng; and the iull amount of each and e~ery svch payment shall bea~ interesl from Ihe date thereof until paid at the ~.~~e of nine per cent~m yer an~~ucn; a~~d ail said costs, charges and expenses inturred w Naid, togett~er w~th wch interest, shall be setured by the lien of th~e mortgage. 6. That (a) in the event oi any breach of lhis Mortgage or default on the part o( the MORTGAGOR, or (b) in the event any of sa:d sums of money he~ein referred to be no~ promptly and fully paid ~vithin Ihirty i~) days next after the same seYerally beconie due and payeble, without demand or notice, or (c) in tht eveni each and every ~hs stipulatio~s, agreements, cond~tions and covenants of sa•d promissory note and th~s mortgage any or either are not iuty, pranptly and fuily performed, d'acharged, ezewted, effected, compteted, compfied with and abided Sy, then in e~~her w any such evem the sa~d ag- aregate sum mentioned in said promissory note Ihen remain:ng unpa:d, with intere>t accrued, and all moneys secured hereby, shall betome due a~d pay ao:e (orthwith, o. thereafter, at the opr~on of seid MORTGAGEE, as fully and comp:dely as ii all of the said sums of money were ong~naHy supu:ated ro be pa:d on such d.:y, anything in sa.d pro~nissory note or in this Mwtgage to the cont~ary notwithstanding; anJ ihereupon or thereafte? at Ihe op~+on of s:j,d MORTGAGEE, w~thout notice or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured htreby n.:d ~natured priw to its instit~tion. 7. ihat in the evrnt thaf at the beginn~ng of or at any time pend~ng any suit upon tAts Mortgaye, or to fweclose it, a to reform it, or fo enfo?ce payment of any claims hereunder, said MORTGAGEE shall app~y to the Court hav]~g jurisd~ction. thereof-foI the appomtment of a Receiver, such Gourt shall fc~rhwirh appo~nt a receiver of said mortgaged property all and singular, inctud~ng all and aingut5r the income, profits, issues and reve~ues from whatever seurce derived, each and every of wh~ch, it be~ng exp~essly understood, is hereby mor~gaged-as i1 .speulically set (orth and desuibed in the g~aming a~d hnuendum cia~ses hereof, and such Receiver shall have ail the broad and effective funct~ons and powers in'anyvwle,~ntrusted by a Cou~t to a P.eceiver, and s:,ch appointment shali be made by svch Court as an admit?ed equity and a matte~ of absolute righl to `sai~MORTGAGEE, and wirhoul reference ro the adequacy or inadrquacy of tF.e value of the property mortgaged or to the so~vency or insolvency of ssid AI~l~RIG1~GOR or the defendants, and that such renrs, profits, incane, issues and revertues shafl be applied by such Receiver accord~ng to the tien w equity ot said MORTGAGEE and the practice of such Courf. S. To duty, promptly and fully pe~form, discharge, execute, effect, complete, comply with and abide by each and every the stipuiations, agreements, conditions and covenants m sa~d pramissory note and this mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, tht h~,pRTGAGEE, its successors and ass~gns, may, without norice to the MORTGAOR, deal with such successo~ or successw in interest with~ reference to this ~nor~gage and the deo~ hereby secuied in the same manner as with lAortgagor without in any way vitiating or d~scharging the klortgagori liability here- ~~nder or upo~ the debt hereby sec~red. No sale of the Fren,~ses hereby mortgaged and no for6earance on the par~ of the MORTGAGEE or its successors or ass~gns and no extension of the time for the payment of the debt hereby secu.ed given by the MORTGAGEE or its successors or auigns, a~atl operate ro release, d~scharge, modify change or afiect the orig~nal Iiab~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is speufical~y agreed tiiat time is of the esaence of this co~tract and that no waiver of any obl~gation hereunder w qf the obligatan sr cured hereby shall at any time thrreafter be hetd to be a wa~ver of the terms hereof w of the instrument sec~red herby_ I1. In add tio:i to the forego ~iq month!y payments of princ pat and interest requhed by the prom:sscry no!e secured hereby, mortgagor covenants ,~nd agr~es to pay to mc~tgagee v~~th each monthiy pay~~:ent an add~rional sum estineated by mwtgagee to be eq~al to 1,' 12 of the annual cost of the follow- A-AIt real proFerty ta,cas lev~rd or asses:ed agai•~st thc above descr~bed ~eat estate. B-Pren,~~~r~s on f~re anJ w~ndstorm insu~acce as here~n requ;red to be carried on the improveme~ts s~tuate on the above d~svibed premises. C-Premiums on such mwtg;ge guaranry ir.s~ra.,ce as mortgagee snall fro~r rme to time deem (it to carry o~ the loan secured hereby. Morigagee sha~l fro~n t~me to t~~ie notify mcrtgagor ~n writ~ng of the amount dve a~d payable hereundrr and such su:n shall thereu~n be due and ;.~tiable on th~ dor daie of the neat month'1 payment and each successive month thereaftcr.ur.ril mortgagee shall not~fy mortgagor of a change in svch i ~~~.ount. Such swns sFaii be appiied by mortgagze !oward the payment of real property tazes, insvraoce prem:ums, and mortgage guaranty insurance ~ n~emiums_ ~ IN \'~ITPJESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afuesaid. ~ Signed, Sealed and delive~ed in the presence f: ~ an hn R 1 (~a~~ ~ ~an - ri~Y'3 3R10 S (Seaq SiATE OF FIORIDA ~ St'i . T,11C1@ :ouraTY oF - ~ ~ Before me personally appeared John H• RB3R101CIS a~ _ Qara J. ~YY101.(~3 his wife, to me well known and kr+own to me to be rhe indiv~duals described in and who executed the fwegoing trument, and~cknowOfedps befwe me that they executed the same for the purposes rherein expressed. Aru! the said ~ara J• 3R1 IC~ - _ ~a;~~~~•'~;ri - ~ , . ? . . ~ ~,~ie of the said Jahn H. Rey1101d3 • V' •+p~,~• pr;vate e.am~~ar~on by me taicen separate and apart from her said husband, acknowledged to and before me that sM exepu~i~:~~ ~Itr~~~ end voluo- ~ar;~y and w~thout any compulsion, constraint, apprehens~on, or fear of or from her saEd husband. . ' ~ ~ 17-~-h , • . WITNE55 my hand and offiual seal thiL day of x' ` n~~ k-~G 19 ?2 + `:.t lu 1~' ~ _ ~ Notary Public in and fo~ ,~St~te~ µge ~ My Commission eapires: ~ $Tp~~$RIDA at IARGE ~ Return To: ~~~~fS3i01F~y~p~ • SEPT. 25. 1975 ~ Fint Federal Savings E loan Associafion ~~q~~11 1~7flkCft IIISItfJtIC! ~ Of Fort P erce. ~ FO~~ PierCc', flori~d _ ~ f ~EO ~?KO RECOaoeo 5~. ~uC1E COUl~tY f LA. EIOCf R ?OITit~S This Instrument Prepared By Richard K. Ke~SRR C1~CUIT COU First Federa) Savings 8 Loan Association RECORD VER!f1ED of Fort Pierce~ FlOrfd3 ~ i~ ~ 03 eu ~ ~ rn ~ . ~ Checked By ~ _ _ 233488 gpGK204 PacE 9$3 ~ ~ ~ _ ZS ~v. , ~ ~ .a ~ ~v.«;~ ~ ; - .i: ~ ' . ~ "x ~ -~cs.,., a - . s~^~~-7St::: ; - -