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HomeMy WebLinkAbout1255 c 3. To place and continvously keep o~ the bui!dings now w herea(ter ~w~te on sa~d iand and on all equip~ne~t a~d personally covered by this ma age, wjth ail premiums thereon paid in fuli, fire iqs~rance in the usual standerd poticy (orm, in a sum app~oved by the MORfGAGEE, and winds~o ~nsuronce in the usual atandard pol~cy fam, in a sum approved by tM MORTGAGEE, in iuch canpany or canpanies as ~he MORTGAGEE m d~recl; and sll fire and windstorm insurance policies on any of said build~nps, any interest ~he~ein or part thereof, in the aggre9ate sum aiwesaid in excess thereof, shall contaio the usual sta~da~d mortgogee clause w such otha da~se as the Mortgagee may require, making the ioss unda sa~d po c~es, each and every, payabte to said MORTGAGEE as its intereit may ~ppear, ~nd each and eve~y such potity thall be promptlY ass.gncd and del~ve~ed ~ any held by said MORTGAGEE as fur~her security to said mortgage debt, and, not leu than ten (10) days in advance of the expirat~on of each policy, to d~ liver to said MORiGAGEE a ~eoewal thereof, toge~her with a rete~pt fo~ the premium of suth renewal; and there shall be no f~re or ~vinds~onn insu?ant placed on any of said buildings, any inte~est therein or part thereof, unleu in the fwm and with the loss payabte as aforesaid; and in the event any iun of money becomes payable under such poticy w pol~cies said MORTGAGEE shall have the opt~on to receive and apply the same o~ accou~t of the indeb+ed nrss secured hereby w•ro pe~mit said MORTGAGOR$ 1o receive and use it a any part thereof for o:ner purpeses, wiihout th_rco/ waivin•3 er ~mpair ~ng any equity, lien w r~gh~ under o~ by virwe of thia mor~gage; ~nd in the event said MORTGAGORS shall for any ?eason fail to keep the said premises so ~nsured, or fail to del~ver promptly any of said policies of insurance to said MORTGAGEE, w fail prompfly to pay fully any pre~nium therefor or in a:+y respect fail to perform, discharge, exetute, eifect, completa, comply with and abide by this tove~an~, or any part hr~eof, said MORTGAGEE may place and pay for such insurante or any parf theteof without waiving w aifediny any option, lien, equity, or ~ight under w by virtue oF this Mortyage, and the f~ll amou~~ of each and e~ery such payment shall be immediatety due and payable and shall bear interest from the date thereof u~til paid at the rate ot n~ne per centum per annurn and to~ethei with such interesr shall be secured by ihe lien of this mwtgage. 4. To permit, commit ot suffca no waste, impaitment or deteraration of said p?operty or any part thereof. 5. To pay all and singula? the costs, charges ~nd expenses, including a reasonable attwney's fee and costs of abstraps of titte, incurred or paid at any time by said MORTGAG~E, because or in the cvent of the failure on the part of the said MORTGAGOR to duly, pron,ptly and fu11y perform, diuharge, execute, ef(ed, compl~te, comply with and ab:de by each and every the stipulatwns, sgreements, conditions, and covenants of said promissory note and this ~,o~tgage any or eithea, and wtd costs, chargq and expenses, each and every, shall be immediately due and payabte; whether or not there be notice dr mand, a!tempt to colled ot suit pending; and the full amount oi eath and every such payment shall bea. iroerest trom the date tF+ereof uMil paid a1 the rate oi nine per centum per an~ium; arw all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secu~ed by the lien of thit mortgage. 6. That (a) in the event of any breach of this lNortgage o? default on the part of the MORTGAGOR, o~ (b) in the event any of ssid sums of money herein referred to be nor promptty and fulty paid within thirty (30) days ~ext after the same severatly become due and payab~e, without demand w notice, or (c) in the event each and every tlx stipulations, a9~eements, conditions and covenanb of sa:d promiuory ~ote and th~s mortgage any w either are nol ~uly, promptly and fully perfamed, d~xharged, executed, effected, compkted, compiied wi~h and abided by, then in either w any such event the sa~d ag gregafe sum mentaned in said promissory note then remaining unpaid, with interesl accrued, and all moneys setured hereby, shall become due and pay- able forthwith, or thereatter, at the option of said MORTGAGEE, as f~lly and completely as it all of fhe said suma of money were orginally it~pulated ro be pa~d on such day, anything in sa:d promissory note or in this Ahortgage to the contrary notwithstanding; and ~hereupon or thereafter at the op~~on of sa:d MORTGAGEE, without nor~ce or demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys iecured hereby had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, w to foretlose it, w to reform it, or to enforte payment of any tlaims hereunder, wid MORTGAGEE shall apply to the Court having ~urisdiction thereof ior the appointment of s Receiver, such Court shall forrhwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, prolits, iuues and revenues from whatever source derived, each and every of wh~c!~, it being expressty understood, is hereby mortgaged as it spec~fically set fath and desuibed in the g?anting and habandum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and i,,:h appointment shall be made by such Court as an admined equity and a matter of absolute ~ight to said MORTGAGEE, and withouf reference to the adequacy or inadeqvaty of the value of the properry mwlgaged or to the wwency or insolvency o( said MORTGAGOR or the defendants, and that such r_~rs, profin, incane, issues and revenues shafl be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and e~ery the stipulations, agreements, cond~tions and covenants ~n sa~d promisswy note and ihis mortgage set twth. 9_ That in the event the ownership of the mortgaged prerimises, or any paA thereof, becomes vested in a perw~ othe~ than the MORTGAGOR, the h',CRTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such suctessor or successor in interest with reference to this mo~tgage and the debt hereby secured in the same manner as with Mortgagw witho~t in any way vitiating or dixharging the Mortgagors' liability hert ~r,der a upon the deb~ hereby secured. No sale of the p~emises hereby mortgaged and na forbearence on the part of the MORTGAGEE or its successors or assigns and rw eatension of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE or its successors or assigna, shall operate ro release, discharge, modify thange w affett the original liab~lity of the MORTGAGOR herein, tither in whole w in part. i0. h is spectfically agreed that time is of the e:x~ce of this contrad and that no waive? of any obligat~on hereunder or of the obligation se- cured hereby shall at any tir~e thereafter be held to be s waiver of the ter:ns hereof w of the inst~~ment secured herby. 11. In add~tio~ to the iorego:ng monthly payrtwnts of princ'pal and interest required by the p~om:ssory note secured hereby, mortgagor covenanls and agrees to pay to mo:tgagee with each monthly pay.nent an add~~ional sum estimated by mortgagee to be equal 10 lf 12 of the annual cost of the follow- t i ing: ; ' A-RII rea! property taxes levied w assessed against the above dexribed real estate. ; ~ B-Premiums on fire and windstorm inw~ar.ce.as here~n requ~red to be wrried on the improvemeots situate on the above described premises. C-Premiums on such mortgage guaranty insurance as rn~rtgagee shall irom t~me to time deem fit to carry on the ban secured hereby. i Mortgagee sha!I ~rom time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~ ~ ; ayable on the due date of the next momhly payment and each svccessive month thereafter ur,tit mwtgagee shall notify mortgagor of a change in such ~-~ount. Such sums sh.all be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance ~ p-emiums. ~ IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his ha~d and seal the day and year first aforesaid. ~f Sgned, Sealed and delivered in the presente of: p ' ( ~ s~~L1~jC{E COUNTY f~ L an 3 ROCEIi P01111AS H Hurie ` t sq i CLERK C{RCUIt COUIIT ~ aq RECORO VER~F~EO..~---- Lula Van Hunevcutt~ r~,p f ST TE OF FIORIDA ~nCQQ 2ah~vc~., coun,n oF St. Lucie ~ eefore me penooalty appeared M• H• Humeyc utt a~ j.ill.a Van Huneyeutt his wiie, to me well known and known to me to be the individuals deuribed in and who exetuted the foregang instrument, and acknowledged before me fhaf they exetuted the same iw the pvrposes there~n expressed. And the said I.Llid Van Hunevc utt ~v~fe of the said M• H• Nuneyeutt , upan a separate and pr'rv~t~ examination by me taken separate and apart from her said husband, adcnowledged to a~d before me lhat she execvted said instrument freely'ahd:YplwF rarily and without any compulsion, constraiM, apprehension, or fear of or from her said husbarsd. ~ t i WITNESS my hand and official seal this 2~h day of `july A:.Or.19~? ~ j ~ Notary Public in and fw the e of F a af`lar's " My Commission expires:'dOT FUB' I ~ ` : :b~~f~~ ~~~~~~~:I - Return To: A1Y CQ'":;ISS (01'~.' pr.... - 23, First Federal Savings d. loan Association ~ p- 7~ 6o`~=e :.~~u Gener~ i'•._ 14~- ~e~~r~ ~er's,~ OF Fort P.e:ce. ~ , • ~ • • , a Fort Piarce, Florida ~ . • T.. Tnis Instrument Prepared By John t~. Collins i First Federal Savings 8 loan Association of Fort Pierce~ Florida Checked By ~ 0 R eooK204 P~~1~54 ~ ~S ~ . ~ - - ~ . ='____-.~.~Y