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HomeMy WebLinkAbout1692 3. To p~ace and con~~nuously keep on the bui'd~ngs now a herra(ter siruate on sa~d land and on a!t ~-quip,nent and personaily cave~ed by Ihis mor nge, w.~h all p~emiv'~u ihereon pa:d ~n futl, fire insura~ce ~n ihe uwal i~a~xlard pot~cy (orm, in a sum a~proved by thr MORIGAGEE, and w~nds~o ~nsurante in ~ha us~ai standard po=.cy fwm, io e sum approved by the MORTGAGEE, in such tompany ot cornpanies as the MORTGAGfE m d~rect; and all lire and w~ndsro~m insurance polic~es on any of sacd bu~id~ngs, any interest therein or pa~t ehareof, in the aggregate svln atoresa~d in excess ~hr~eof, shall :ontain tAe usval standard mortgagre clause w suth othe~ clause as the Mort9agee may requ~~e, making the loss under sa~d po :_-s. each and every, pay~b:e to said A10RTGAGEE as ih interest may appear, and eath and ~~e~y such pot~cy shatl be prompt~y ass gned and delivered ~ eny held 6y sa~d htORIGAGEE as (unher setutity to said moftgage debt, and, no~ less than ten (10I days in ad+ance of ~he expirat~on ol each poGCy, to d. !.~er rp sa~d A1pRTGAGEE a renevval thereof, together with a reteipt fo~ the premium of such rcnewal; and there s1ull br no f~re or winds~o+m insu~ant i~~xed on any of sa~d bui!d+nc~s, any interesf lhere~n or part thzreo(, unless in the form and w~+h ~he Ioss payable as a}oresaid; and in the eveM any sun ut money brcomes payab~e under such policy w poGcies said MORTGAGEE shall have the oplion to recaive and apply thz same on accou:» 01 the indabted ness secured h.:rcby or ro perm~t sa~d MORTGAGORS to receive and use it Or eny parl fharcof for o:i,_r pui;.:os<s, v,~ino~t ih,~~u~ .v~~vi.,3 0~ u„ptiu ~~y any equ~ty, I~en or ~~qhi undrr or by virwe ot this mo:!gage; and in the event sa~d MORiGAGORS shatl fa any reaso~ faEl to keep the sa~d prem~srs so insurrd, or fail ~o de~~ver pro~nptly any of said policies o( insurance to said MORTGAGEE, or (a~! promptiy to pay fuf:y any p~e~»iu~n tbe~efor or in any respect fait to perform, discha.ge, exe:ute, effecl, complete, comply wirA and abide by this cove~ant, or any part hrreof, said MORTGAGEE may place and ~:y for such insur.~nce or any par~ thereof w~thout waiving or afiecting any opt~on, lien, equ~ty, or right unde? w by virtue of ~his Ma~gage, and the f,,u amo~nt of ea<h and a.ery such payment shall be immed7arely due a~d payable and shatl bear interest from the date ~hereof until poid at the rate ot ~~ne per cenrum pe~ annu~n and to~eth~•r ,vith such interest shali be secured by the lien oi this mortgage. 1. To permit, commit or s~fier no waste, impairment or deterioration of said propcrty or any parl thereof. i 5. To pay all and singular the costs, charges and ezpenses, including a reaso~able attwney's fee and costs of abst~acts o( titte, incurred o~ paid at : tin,c by sa~d MORTGAG:E, because w in the evert of the failure on the part of the said MORTGAGOR to duly, prompt~y and fully perform, d~stharge. § ~~~cute, effect, canptete, comply w~th and ab:de by each and every the stipu~ations, ag~eemems, conditions, a~d covenants of said promissory note and this ; ~~ortgage any or eiiher, and sa~d costs, charges and txpenses, each and every, shall be immediately dve and payabfe; whether or not there be notice d:- m.~nd, af~e~npt tp collect or suit pend~ng; and Ihe full amount of each and every such payment shall bear iMerest from the date thereof unti~ paid al Ihe of n~ne per crnt~m µr annu,er, ~nd all said costs, charges and ex,~enses incurred w paid, togrther w~th such imereat, shatl be secured by the lien of thia n:ortgage. b. That ja) in the event oi any breach of this Mortgage or defau(t on the part of the A10RTGAGOR, or (b) i~ the event any of aa~d sums of money f,~re~n referrrd to be not promptly and fully paid within th~rty (30) days next aiter the same severa'ly become due and payable, without demand or notite, in thr event each and every tt~e sripu~atians, agreements, conditeons and covenants of sa:d promissory npte and th~s mortgage any or ei!her are oot i,,'.y, promptly and fully performed, d:scharged, executed, effected, completed, compGed wi~h and ab~ded 5y, theo in e~ther or any such event the sa~d ag 3ate sum mentioned in said promissory ncte then remai~ing unpa~d, with interest accrued, and atl moneys setv~ed hereby, shall become due and pay- ~r: fo.thwith, or rhereafter, at the opr~on of said MORTGAGEE, as fully and completely as if aIl of the said sums of money were onginally st~pulated be pa.d on such d:.y, anything in sa d prom~sswy note w in th~s Matgage to the coovary no~wf~hstanding; and thereupon w ~herealter at rhe opnon af s~ J t.10RTGAGEE, wirhout nonce or demand, suit at !aw or in equ;ty, therefore or thereafre~ begun, may be prosewted as if al! mooeys secured hereby n„~ matured pnw to ~ts institut~on. 7. Tha+ in the event that at the begin~~ng of or at any time pending any suit upon this Mortgage, or to fweciose it, or to reform it, o? to tnforce F:,:ment of any ci,~ms hereunder, said MORTGAGEf shaN apply to the Court having jurisd,cuon thereot for the appointment of a Receiver, svch ~ourt shall r rehwith appo~m a receiver of said mo~tgaged property all and singu:ar, includ~ng aIl and sin9~lar ~he income, profits, iuues and revenues from whatever j -_~•ce derived, each and every of wh!ch, it be~reg erpressly understaod, is hereby mortgaged as it spec;fical:y set forth and dexnbed in the granting and ,endum ctauses hereof, and such Receiver shaU have al~ the broad and efiective funct,ons and po.vers in a~ywise entrusted by a Court to a Receiver, and s._n appointm~ ~it sha11 be made by such Court as an admitted equity a~d a maner of absolute ~igh1 to said MORTGAGEE, and withovt reference to the ::~a~~cy or inadeq~acy of the value of the property mortgaged or to the sa+vency or insolvency of said IdORiGAGOR or the defe~xlants, a~d that such -•,rs µrof,ts, incane, issues and revenues shall be applied by such Receiver according to the lie~ or equity ot said MORTGAGEE and the practice of such CJVfi. ' 8. To duty, promptty and futly perform, d+'scharge, execute, efFect, complere, comply wi~h and abide by each and every the stipulations, agreements, _.,~,ditions ard covenan~s m sa+d promissory note and th~s mortgage set fath. 9. That in the event :he ownership of the mortgaged premises, or any part thereof, Eetomes vested in a person other than the MORTGAGOR, the ~RTGAGEE, irs wccessors and asslgns, may, whhou~ rtotice to the MORTGAOR, deal with such successw or svccessor in enterest with aeference to this o•tgage ard the d.bt herebi setured in the same manner as with Mortgagor witFwut in any way vitia~ing or d~scharging the Mortgagots' liability here- ' J_~r a uFwn the deb~ here~~ sec~red. No sate of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcessors a asvgns and no exreas~on of rFe time for the payment of fhe debt hereby secured given by the MORTGAGEE or its successors or au~gns, altiall operete ro re~ease, d~scharge, modify change or affect the origtnal liab~lify of Ihe MORTGAGOR herei~, either in whole w in part. 10. It is spec~ficatly agreed that time ~s of the esser.ce of this contract and that no waiver of any obt;ga?~on hereunder or of the obligaYan se- ~ cu~ed hereby shat~ at any time thereafter be he,d to be a waive~ of the te~ms hereof w of the instrument secured herby. 1 i. In add.rte:~ !o the iorego n~ month!y payments of priac pal and interest required by the prom~ssary no!e s^cured hereby, mortgagor covenanfs • d agrees to pay to mortgagee ~nith each month:y pay~~ent an add~:ionaS sum estin.ated by mortgagee to be equal to 1; 12 oi tie annua! cost of the follow- A-All reat prop^rty taxes (eiie~' or aszessed agai•ist the above deu~ibed real es~ate. 8-~'r~:::~ums o~ fire and windsrorm insuracce as here~n requ~red to be carried en the ;m~roveme~ts s~tvate on the above d~sc.ibed premises. C-Pre~"~~:~~s on such mort~;ge guaranty ir.wrar.ce as mortgagee shal! from t:me to time deem fit to carry on the ban secured hereby. ~t.o+tgagee Sh3'~ from ~~me to time notefy mortgagor in writeng of the amo~nt d~e and payabte hereundrr and such su:n shait thereupan be due and .+F,~e on rhr due date of +he next monthiy paymem and each successive month thereaft~r ur.~il mortgagee shall ootify mortgagor of a change in such ~ ~~~nt. Such sums sE a:i 6e app:~ed by mwtgagse toward the payment of real property taxes, insurance prem:ums, a~id mo~tgage g~aranty insurance . c•~niums. ~ IN Y/liNE55 :iHER"cOF, the said MORTGAGOR has hereunto set his hand and seai the day an year fint aforesaid. 3 Sig~ed, Sealed and dPlivPted in ~ie presence pf: : 1, : ~ ~ s ~ ~ Merre~.l i~illiam ' seaq ~ - csesq ~ " ~ , a s gle adult (sean (SeaJ) ~"~~TE OF FLORIDA ~J~tiTY OF St _I11C~@ ~ ~ Before me personally appeared ~~e~ wi~-~ ++~i+KS Sr~ ~ a 3~1@ adult ~ t ~ to me well kr?own and known to me to be ind~vidua~ described in and who executed the foregoing instrument, and acicnow[edged before me that~ executed the same fw the purposes nc~•e~n expressed. Oi~16va..:d.~ .~..`~.~t~.a+il ~ ~wlM~i"~iMM~ ~ .++.1Qlipifi~.~../w~~Y~9A"Y~MMS`~~ "'~''~I~"jq'w~?~1M~Mid'~b~Al~el~c~IS~M~ ~~Mr ~11l~f~i~y~MM~YM~ ~~"~~~'MM1~Y1r?~'r~~~yMM~bl~'A1~~'A /~~F.~laf~Yf~O~~1~~MFM1~W~i~• ~ . . .L ~ . , WITNESS my hand and official seal this_ day of ~ J ~ d.:19~ ~ . - _ ~ ~ ~ ~ Mota y Public in and for the atk+~f,Fbrida at~latgp~ ~ ' My Commission expires: / ~j'•.,; ~ ~ ~ Return To: ~ ~ _ ' ~ y. ~ . j First Federat Savings 6 Loan ,~~,a,;o„ .3 5.. sin ot ~o.r P.~rce. fort P~_r;e. F!crid3 f1lE~ IE COUNTY ftA. iT.l~p~£~ F~lTKAS : This Instrument Prepared By J. H.RObel't,s ~ JT. K ~;~GUI'( COURT O ~ First Federai Savings 8 Loan Association C~ER~E~~f~E~ t of Fort Pierce Florida itECORO Checked By ~ ' ~ ~v ~ ~ oa 234Q~5? ~~tix204 PA~Ei691 ~ ~ _ ; - - _ _ _ - _ y * ~ .