Loading...
HomeMy WebLinkAbout2912 3. To place and continuously keap o~ the bu~'d~ngs ~ow or hereafie~ iiwate o~ sa~d land and on all equipine~t and personally covered by this mo~ ege, w:th ali prem~ums ~he~eoo pa~d io full, fire insvrance ~o the vsual sfandard po:icy form, in a sum approved by the MORiGAGEE, and w~~dsto insurance in the usual »a,ida~d pol~cy 1wm, in a s~m approved by the MORiGAGEE, in such canpany o~ companies as the MORTGAGEE m d~rect; and all fi~e and w~ndstorm i~isurance poliues on anv oi sa~d builJ~nga, any intereet therein or part thereof, in ~he aggrega~e sum aforesaid in excess thereof, shall :ontain ~he usual standard mortgagee clause o~ such othe~ clause as the Mortgagee may requ~re, maAing th@ lois under •a:d po c~es, each and every, pay~b!e to said MORiGAGEE ss ~ta interest may appear, and each and every such poGcy shall be promptty ass gned and detive~ed ~ any held by sa~d MORfGAGEE aa (urther aecwily to said mortgage deo1, and, not less than ten (101 days in advance of ~he expirar~on ol each policy, to d~ I~ve~ ~o sa~d ~ti10RiGAGEE a renewal thereof, together with a rece~pt fa the premium of such renewal; and ~here shall be no f~re o~ windstorm insuranc placed on any o( sa~d bui!d~ngs, any interest therein or part thereof, unless in the form and with Ihe toss payabte as aforesaid; and in the event any sun of mcney becon+es payable under such poliq u pol~cies said MORiGAGEE shall have the opt~on to receive and apply the same o~ accoun? of the indebted neas secu~ed hereby or to perm~t said MORTGAGORS to ~ecaive and use it o? any part thercof for otne~r purtoses, vri~hout ih_r.u~ wa~w•~3 c~ ~~~~p~~~ ~ng any equ~ty, lien o~ r~ght unda~ or by virtue of this mo:tgage; and in the event said MORTGAGORS shall for any reason fail to keep fhe said premisas so ~nsvrrd, or fail 1o del~ver p~anptly a~y of s~id pol~ties ol insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefw or in any ~e:p~.~ct (ail to perfwm, diacharge, eaecute, ef(ect, comptete, cornply with and abide by this covenant, w any part hrreof, said MORTGAGEE may p~ace and pay for such insurdnce or any part thereof without waiving w sifec~ing a~y opt~on, lien, equ~ty, or right under w by virtue of ih~s Matgage, and the fuli a+noum of each and every s~.ch payment shall be immediately due and payable and shall bear interesl from the date thereof uNil paid at the rate o1 ~~~ne per cenrum per annu~n and to~eihrr vrith such interest shali !x secured by the lien of this morigage. 4. To permi~, commit a suifer no waste, imaairment w deter~o~ation of said property or any part thcreof. 5. To pay al~ and s~~gular the costs, charges and eapenses, including a?easo~able anorney's fee artd costi of abstraus of title, incurred or pa~d at nny ti~r.e by said MORiGAGEE, be~ausc w in the event of the failure on the pa~t of fhe iaid MORTGAGOR to duty, promptly and fully pe~fwm, d~xharge. ~xrc~re, ef(ect, cwnple~e, comply w~th and ab:de by each and every the stipvla~io~s, agreements, conditions, and covenants of sa~d pro~nissory note and this -,oregage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whefher or not ~here be nofice dr mand, attempf'to collett or suit pend~ng; and the (ull artbunt of each and every suth paymenl shall bear interesl Irom the date thereof until paid at the r.~;e oj nine per crntum p.:r an~~urn; and all said costs, charges and expenses incwred or paid, ~oge~her w~th suth interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa+d sums of money herei~ referrad ta be not promptly artd fully paid within th~rty (30) daya next after the same severatiy become due and payable, wilhout demand or notice. or (c) in the eveM each and every the stipulations, agreements, conditions and covenants of sa;d promissory note arxl th~s rtwrtgage any w either are no1 i~ly, promptly and iutly performed, d;uharged, executed, eifected, completed, compl~ed wifh and ab~ded 5y, then in e~ther or any such event the said ag ~regate sum mentioned in said promissory note then remaining unpa~d, ,~iih interest accrued, and a11 moneys secured hereby, shall become due and pay- au~r forthw~th, w therraftea, at the option of said MORTGAGEE, ns fuliy and completety as if all of the said sums of money were w~ginaily stiputated to be pa!d on such day, anything in sa:d pro~n~sswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter a~ the op~~on of s;.d MORiGAGEE, without notice or demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby n.:d marured pnor to ~ts institution. 7. That in the event that at the beginnirg of or at any time pend~ng any suit upon this Mortgage, or to fweclose it, w to reform it, or to enforce patrnent of any claims hereunder, said MORTGAGEE shall apply to the Court hav:ng jurisd~ction thereof for the appointment of a Receiver, such Courf shafl i~:thwirh appo~nt a rece~ver of said mwtgaged property al~ and singular, inciudmg all and singula. ~he income, pro(ifs, issues and revenues irom whatever s,::.ce de.ived. each and every of wh~ch, it being expressly understood, is 1:ereby mortgaged as if spec~fically set fo~th and deuribed in the g~anting and h,bend~m dauses hereof, and such Receiver shall have all the broad and effective funu~ons and powers in anywisr entrusted by a Court to a Receiver, and s. ch appoi~tment shali be made by such Court as an admitted equ+ty artd a maner of absolure r~gM ro said MORTGAGEE, and without reierence to the aci=gvacy or inadequacy of the value of the property mortgaged or to the so+ve~cy or insolvency of said MORiGAGOR or the defendants, and that such +s, profits, irxo~ne, issues and revenues shall be applied by such Receiver according to the lien or equity oi wid MORTCaAGEE and the practice of such Court. 8. To du!y, prompt:y and fu11y pe?form, discharge, execute, e~fect, complete, comply with and abide by each a~d every the stipulations, agreements, co^d~t~ons and :ove~ants in sa~d promisswy note and thls mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a perwn other than the MORTGAGOR, the :•~RiGAGEE, its successors and ass~gns, may, wifhout nofice to the MORTGAOR, deal wiih such successw or successor in interest with reference to this ~ c•rgage and the d:bt hereby secured in the same manner as with Mortgagar without in any way vit;ating a discharging the Mortgagors' liability herr :.~der or uFon the debt hereby secured. No sa:e of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors o. ass~g~s and r.o exre~s~on ot the. time fw the payment of the debt hereby setured given by the I'AORTGAGEE or its s~ccessws or assigns, atiall operate ro re~ease, d~scharge, modify change or afFect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec;f~cally agreed that time is of the essence of this contract and that no waiver o~ any ob~~gat~on hereunder or of the obligatan se- c~:ed hereby shah at any time thereafter be held to be a waiver of the terms hereof a of the ins:rumeM setured herby. 11. In add ~~oa to tne forege:n9 monthty paym~nts of princ'pal and interest req~ired by the prom(ssory nore secured hereby, mortgagor covenants ,~~d agrees to pay to mortgagee wirh each monthty payrnent an add~rional sum est~n:ated by mo+tgagee to be equal to 1!12 of the ann~al cost of the follow- A-AI! real property taxrs lev~ed or assessed~agaisst thc above described real esrate. 6-Prerr:~u~:~s on fire and windstorm insurar.ce as here~n requ~red to be carried on the improveme~ts situate on the above dsscribed premises. C-Prem~u:ns o~ such mortgage guaranty ir.surar,ce as mortgagee shall from I;me to time deem fit ro catry on the loa~ setured F~ereby. Mortgagee s~a:l from rime to t~me noniy mortgagor in vvriti~g of the amount d~e and payable hereundrr and such sum shall thereupon be due and ~;able on th~ due date of the next month:y payment and each successive month thereafter until mortgagee shalt notify mortgagor of a change in sucb _~ur,t. Such sums sFa:f be applied by mortgagee toward the payment of real property taxes, insurance prem:~ms, and mortgage guaraMy insurance ~ . ~miums. ` IN WITNE55 ::'HEREOf, the said MORTGAGOR has hereunto set his f~and and seal the day and year first aforewid. S~gned, Seated and detiv in t esence f: Q t~a ~ (Sean - Ne~. Nal (Seaq ' (Seat) ` Suz e Aallstrom ~~a~~ S~ATE OF FLORIDA ~ ~ S5. .~r.,,,, ~OU*JTY OF Sti• Id1C19 ~~f ~ ~F?t eefwe r~+e personally appeared N@~.3 L. Hallstrom, JI'. ' _ a~ Suzanne Hallstrom ~ ~ • ~ _ his wiie, to me well acno~i rp snd~nown t', fo be individuais described in and who eaecuted the foregang instrument, and ecknowledged befwe me that they execut~ ~e ~le ~r t~~osss Suzanne Hallstr_o_m - o: ~ .r : = !he•ein expresszd. And the said - - ~ " r.:±~ or the safa Nels E. Hallstrom, Jr. c.am~nat~on by me taken separate and apart from her said husband, scknowledged to and befwe me that she ezecuted s~ fnrment f{~ely.s~o~4n- ~:-ry and w~rhout any compulsion, constraint, apprehe s~n, u fear of or from her uid husband. : ~j.~ WITNESS my hand and official seal this day of Au St' `s T`'~a. b.,19_S ~ '~~r~~~~„~..,~. ~ Not ry Public in an fo the State of Florida st Lsrge ~ My Commiuion expire . ~ w ~ . ~ ~ ~ Return To: ~3489'7 ~ First Federal Savings b Loan Association ~ Of Fo~t P,erce. FILEO ANO RECORQ~O Fo~r P~erce, Florida ST. LUCIE COUNTY f A: ~ AQCc"R P0ITRAS i'~/ CLERK Cl~CUIT COqRT ~~n,~'~" : RFrORO YER~iiED~ ~ This Instrument Prepared By G82y F. E11uTOOd A.~ ~ First Federal Savings 8~ Loan Association NWi ~ j zs PN ~~Z ~ of Fort Pierce~ F102'1d8 ~ Checked By Bti~}~ ~V ~ 4~6t r.t7~~ 1 s ~ fi s:,«. . _ _ . _ _ _ - r ~ a-"~- 'Y,~"vrz,~s,f ''G.I . - . . . . .