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HomeMy WebLinkAbout2138 To place and conrinuously keep on the b~~~J~n9s no~v or heraaiter s~t~ate on said ~and and on ali equip~~ent ar.d persona~ly covered by th~s mw ege, with all premi~ms thcreon pa d in full, fue ir:suranca in the us~a~ st~ndaid pol~cy (Orm, in e sum approved 'oy the MOR~GAGfE, a~~d windito ~ni~rance in ~ha uwal S~dil(~J~d po:.cy for~n, in a aum 3Nproved by the MORTGAGEE, in such to~npany or compames as ~he MOkiGAGEE m d~recr, and all (ire a::d w~~dswrm insvranca poLc~rs on any of La~d bwfd~ngs, any i~rerest there~n or parl therEOf, in the a99r~gate sum atoresaid in exceu ~hereof, shatl :onf~in the uw.:l s+a~~d,,rd n,orrg.,gre clause a such o~he~ ctause as Ihe h1o~~yayee may req~.re, R~eking ~he ioss unJrr sa~d po tirs, eath and every, parab'e to said h~ORTGAGfE as its inte~tit niay appea?, a+~d eath and eve~y such po'~c~ sh,~ll be pranptiy assgnrd a~~d del~vered ~ any held by sald AAORfGAGEE as ~urthar s:curity ~o sa~d ~norigage d~bt, a~id, not less ~han ten (10) days in od+ance of the expuatwn of each pol~cy, 1o d. Gver to said MORTGAGEE a rcncwa~ thireoF, togeiher w~iih a receipl for thr p?em~um of such rene.val; a~~d there shail be r~ fire or w:~~ds~o•m insvranc placed o~ any of said bui!dmgs, any interest lherem or par~ thareof, unless in the (orm and with the ~ess payab!e as aforesaid; and in ~he event any sun of mooey becanes payab~e ur~der s~ch policy or pol,c~es said MORTGAGEE shall have the opt~on ~o recc~vc ~nd app:y ~~~e sa~ue on accou~~t of the indabt~d ness secured hereby o~ to permit sa~d MORTGAGOR$ ro recaive and use ii W any p::rt tlr~:cai ior o:~~•_ ~ Hw; :.srs, .;.u,o..t ih_•..~r ~J ""p~" ~ng any equ~ty, lieo w right under or by virwe of ~his ma:tgage; and in the eveM sa:d MUe2TGAGORS sh~fl ;or any reuoo fail to krep the sa~d premisas so insured, or (ail to deliver promptly any of s~id poLcies ol inwrante /o sa.d MORTGAGEE. or f~~! p:o~r:ptly to µay fu~ly any prem,u~n ther~for or in a~y respect fail to perform, d~scharge, e~ewie, efiect, canplere, comply wieh and ab~de by this cuv~nan~, or a~~y pa~t hareof, sa~d MORi'vE1GEE may p~ace a-~d pay foc such insurence or any part the~eof without waiving or aifecting any op~ion, tien, equlry, or right under w by vi+lue of ~his h\atgage, and thc full amovnt of each and every such paymem shal~ be immediatety due and payabte and shaif brar int~rest irom tha date thereof u~vil po~d at the rate o1 ~ n~ne ptr cent~m per ann~m ond to~rrhrr ~n•~th s.,ch interes~ shah be sccured by the tien of th~s mortgage. 1. To permit, commil ot suffer no waste, impair~r.ent w deterio~ation of said property o? any pa~! thereof. - 5. To pay ali a~d singular the cosls, charges and expenses, ~nclud~ng a reasonable attorney's fee and cos~s of abstracts of tit!e, incurred o~ paid at any ti~.c by sa~d MORiGAG:E, beca~se or in the eve~t of the fallura on the part of the said MORTGAGOR ro du~y, prO~nptly dnd fully perform, d~sinarge. >:ecutr, effect, canplete, comply w~~h and ab:de by each and every the s~~pu~3nons, agreemrnts,<ondnions, and cove~~ants of sa~d prom~ssory note and ~his ~~o~rgage any or e~~hcr, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether or not there be no'rce ds mand, attempt to toliect or suit pend~ng; and the fvll amount of each and every svch paymen~ shall bea~ interesl irom the date thereof until paid af the r..f~ o~ ~une ~r ce~~t~~n per an~w:,,; o+~c all sa~d cosis, cha:~rs a~~d rsNe~-ses incurred or paid, together ~v~th s~ch interest, shalt be secured by the lien of th~~ mortgage. b. Thal (a) in the evenf of any breach of this Mortgage or default on thr part oi the A10RTG~IGOR, or (b) in the event any of sa:d sums of money f:erein referred to be not pro~+,p~ty and futly pa~d within ~huty (30) days next aire~ the same severa:ly became due ar,d payable, without demand o~ notice, er (c) in thr evem each and every ~he supulanons, agreeme:~ts, co~~d~eio~~s a~d covenants ot sa.d prom~ssory note and th~s mortgage any or either are ncl ~uly, pro+nptly and fully performed, d,acharged, execvted, effeU~d, completed, compGed wifh and ab~ded Sy, ~hen in e:ther or any such event the sa~d ag ~~egate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and ail moneys secured hereby, shall become due and pay- ao!e fo~thwith, or therea!ter, at the opT~on of sa~d MORiGAGEE, as fully and complerely as if all of ~hr sa~d sums of money were ongina~ly st~pulatcd ro be pa;d on svch dty, anything in sa:d prorr.;ssory note or in this Mo~tgaqe fo the tontrary notw~thstand~ng; and thcreupon or thereafter at ~he option of s~;d MORTGAGEE, wrtFwut nor~ce or demand, suit at law or in eqwty, therefore a thereaher beg~n, n:ay be prosecuted as if all moneya sttured hereby n~d mawred pner to ds institution. 7. That in the event that at the beginn~rsg of or at any time pending any su~t upon this Mortgage, or to loreclose it, or to reform it, or to enforce ~~yment of any cfai:ns he~eunder, said ?dORTGAGEE shall apply to ihe Court ha~~ng ~unsd~ct;on thereof lor the appo~ntment of a Reteiver, such Cwrt shall Fcrthwirh appo]nt a receiver of said mertgaged proFxrty all and singular, inclwl~ng a11 and si„g~lar the incon,e, prol~ts, issues and revenues lrom whatevcr s~urce derived, each and every of wh.ch, it be~ng expressty understood, is hereby mortgaged as i4 spec~(~cally set forfh and described in ti~e granting and h3bendum tfauses hereof, and s~ch Receiwer shall have alt ~he broad and ef(ective funct,ons and poweis in anyw~se entrusred by a Cou~~ ta a Receiver, and s_ch appoinrment shall be made b•~ such Court as an ad:nitted equ~ty a:id a matter of absoiute righ? to said MORSGAGEE, and without reierence to the ad~-q~ecy or inadequacy of the val~e of the property mortgc~ed or to thr so.vency or ~nsolvency of said MORiGAGOR o~ the defendar.ts, and that such r~~~vs, profits, inco.ne, issues and revenues shall be apptied by such Receiver aaord~ng to the lien or equity of said MORTGAGEE and Ihe practice of such Court. 8. To d~~y, prompt:y and (ully perform, d~scharge, execute, effect, complere, comply with and abide by each and eve~y the stipulations, agreements, :ond~tions and covenanrs in sa~d promissory note ~nd thls mortgage set forth. i 9_ That in the event the ownership of the mortgaged p~emises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the ~ ?A~RIGAGEE, its s~ccessors and ass~gns, may, wi~hout nonce to :he A~ORTGAOR, deal wiih such wccessor or successor in interest with ~reference to this Z R~onga~e and the debt hereby secured in the same manne~ as wi~h fdort~agor w~thout in any way vit:ating or d~scharging the Mortgagors' liabiliry here- ~:nder or upon thr debt hereby sec~red. Fio sair of the Frem~ses hereby mortgaged and no iorbearance on the part of the MORiGAGEE or its successws or assigns and no eatension of the time for the paymenT of the debt hereby secured g~ven by the MORTGAGEE or its Successws or assigns, ahall operate to re!easr, d~scharge, modify change or affecr the orig;rtal liab,t~ty of the MORTGAGOR herain, either in whole or in part. 10. It is speufi:alfy agreed that time is of the esse~ce of this contract and that no waive~ of any obl~gat~on hereunder or of the obligation se- cvred hereby shali at any tin,e thereafrer be he!d to be a warver of the terms hereof o? of the instrument secured herby. 11. In add.no~ to ihe forege ng monch'y ~;~y:n_nt~ of prinCaal and in~erest requ::ed by the p~om:ssory nae secu.rd hereby, mortgagor eovenants +~-.d agr_•es to aay ro nwrtgagre v~~th eaih monthry pay~.,ent an add~rional sum est,n-ated by mortyagee to be egual to 1, 12 of thr annual tost of the foliow- ~~~y_ A-All real pro~rty taxes le•:~ed or assess_d dC~31^S1 the above desccibcd real essate. B--Pr~m~ums o~ fire and w~r.dstonn ins~rac~e as nerein req~~red to be carri_d en the improveme~ts sAUate on the above d~scribed premises. C-Premiums on such mortgage guaranty ir.surance as mortgagee shai7 fron~ t.me to time deem fit to carry on the loan setwed hereby. Mortgagee shail 'rom tirne to f~:ne notify mortgagor m wr~t;ng of the an-oum due and payable hereunder ar.d such su~, shatl thereupon be due and ~ ;~~able on the d.,e da!e of th~ ne,.t ~nomh:~ payment and each successive month thereafter unti; mortgagee sha!I notlfy mortgagor of a change in such ~ ount. Such sums sFa:i be app:ied by mortgag•.a toward the payment of real property taxes, insurance prem,ums, and mortgage guaranty insurance ! ;~•CmwmS. IN l'/ITNEJS :':HER~OF, the sa~d hiORTGAGOR has hereu~to set his hand and seal the day and ear iirst aforesaid. ~~ign , Sea~ed and deliver in the presence of: ~ i a ~ se D. Carter ~~a~ - . (5eaq i~tary C. Carter ~~ap STATE OF FIORIDA ~ ' SS. coutirv oF - 1 ` Befwe me personaily appeared Jesse Carter a~d ~ btar~ K. Carter his wiie, to me w~li'knoWn ~d k'rtaryn to me to be th_ individuats described in and who executed the foregoing instrument, and acknowledged before me ihaf they axeCLled,~i~e.4y~ne~~oi 1F~e purposes there+n expressed. And the said «ary K. Carter ' ~ ~ Jesse D. Cartez _ : ~ ~ •;r.i a~d ~~ate r. ~fe of the caid _ Po^ ~ E P~ e.amtnation by me taken separate and apart from her said husban~, acknawledged to aod before me ihat she ez3cuta!! sa~~i~yyyrp~t teg1Y and voluo- ra•,ly and w~thout any compuisicn, constraint, apprehens~on, or fear of or from her said husbartd. ; ~ ~ L' _ . 72 WITNESS my hand and officiat seal this__ 28th day of 'T~ I~' ~ /1. D.- 19 ~ ~ ',J' ' . ; ~ Notary Public in and for the'•st e ~lla-~t targe ; ~ My Comm~ssion expires: '~p ' `~25~ ~975 ; ~ Retur~ To: ~ f ~ First federal Savings b Loan As:a,at:o~ 234358 ~ ~ Of Fo~t P.rrce- ~ Fo~r v:.,~ce. Fio~~da FILEO !h: RECORDEO ~ ST.IUCIC C~L'4TY F~A. ROGcF ?'~TRR$ t,,t • CLERK G~ iltT COURt -v PEr4an ;EF ; iEO~_~~~ , This Instrument Prepared By = Richard f:. Kayes First Federa~ Savings 8 Loan Association p ~u , ; of Fort Pierce ~ Florida 33450 v 2Z NIl ~Z ' ~ _ ~ ~ ~ Checked By ~t~---- - ; ~ ~ . Bo~K204 P~E2i37 LN # ~ ~ ~ : - - - T-- ~-'Y - -.-Y . j ~q" _ o „s':e. ~ ~.~c~~~~~ _ .