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HomeMy WebLinkAbout0166 To p!ace and coroinvously keep on the bui'dings now or hereairer s~tuate on sa~d tand and on ali equipment and personally cove~ed by this mw age, ~v:~h all preniiu~ns the~eon pa~d ~n full, fire insurance in t1~e usual standard policy form, in a sum aF.pro+ed by the MORiI,AGEE, and w~~~dsto ~~surance in the usual s!a~~da~d poGCy fo~m, in a wm appro.ed by the h10RTGAGEE, in wch to~~~pany or co~opan~es as the MORTGAGEE m d~r. c~; and all ii~e a~~d w~ndstorm inw~ance pol~ciea on any of said build~ngs, any i~teresl tfirrein or parl thcreof, +n Ihe aggregate ivm aforesaid in excess ~he~coi, shall :onrsin ~he usuat s~andard morrgagee dause or such o~her clause as Ihe Mortgagee n~ay ~eq~~re, maling 1he loss undr. sa~d po c es, each and eve~y, payab'e to sa~d hIORTGAGEE aa its imerest may appear, and each and every svch po!icy shaSl be promptty assgned and de~~vered ti any heW by sa~d hlORIGAGEE as furthe~ security to said mor~gage dabt, and, not less than ten {IO) days in advance of the expirat~on o1 each policy, to d~ l•~er ~o said :~tORfGAGEE a renewai Inereof, together with a rece~pt for the premium o1 such renewal; and ~here shafl ba no i.re or ~aindsto~m inwranc ptaced on a~y of said b~~ildl~:~s, any intcrest Ihere~n or parl thereof, un;eas in the torm and with the loss payabte as uforesaid; and in the event any sun of mon~y becomes payable undrr such policy or policies said MORIGAGEE shall have the opt~on ~o rer•=ive ~nd app!y the same on account of the indabted r~•ss secured heraby or ro perm~t said MORiGAGORS to rece~ve and use it w any pa~t t~e:eoi lor o:i~rr pur~.oirs. v.:~ho~t th~~~u~ .vc~.i.~3 er unpa~r ~ng any equ~ty, li<n w right undar or by~virtue of this mc:'gage; and in 1he event said MORTGAGORS shatl ;or any reason fail to kcep the said p~emisas so ~~~sured, or fail to drtiver promptly any of said policies of insurance to sa~d MORiGAGEE, or fait promptly to pay fulty any p~e~~~~um therefor or ~n a~y respect iail to pertorm, disch.:rge. executr, e(iect, co+np~etr, co~nply wi~h and abide by ~his cove~anL or any part hareof, said MORTGAGEC may piace a^d F.r.~ for such insurance or any part thereof w~thout waiving w afFecting any option, lien, equ~ty, or ri~ht under ot by virtue of this Mortgage, and the i~ll a~no~m of each and every such pay~nent shall be immediately due and payable and shall bear interest from tho date thereof un~il paid at the rate ot ~~~:~e per cannm Ner ann~~n and to~rth~r with such infr.est shal~ be s<c~red by 1he lien of this mortoage. 4. To permit, commit or suffer no waste, impairment w deierio~ation of said property or any part the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abs?racts of title, inc~rred or paid at ~~:y ti,. e by s~~d MORiGAGEE, because or in the even~ of the fa~iure on the part of the said MORTGAGOR to duly, p~omp~ly and fully pe~(onn, d~scharge. _..~cu+<, efiea, comptete, comply w~th and ab:de by each and every the stipulat~ons, agreements, condinons, and covenants of said promissory note and this ,~urTgagc any or e~}her, and sa:d cests, charges and expenses, each and every, shall be immadiately due ared payabte; whether w not there be notice dr ~:,,~~d, atten,pt to coflect or suit pend~ng; and the full amouM of each and every such paymeN shalf bear iMeres? from the date thereof until paid at the o+ ,,;na wr ctnrum par annum; and all said costs, charges and exper.ses irxurred or paid, together w~th such imerest, shall be secured by the lien of th~s morrg3ge. 6. Tha~ (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the eve~t any of sa'd sums of money ,,~~rcin referred to be not prompNy and fully paid withln thuly (30] days next attcr the same severa!ly become due and payaWe, withoW demand or notite, ,r (c) in ~hr evenf each and every the stiputations, agreementt, conditions and covenants of sa,d promissory note and th~s mortgage any or e~ther are not i~ly, promptiy and fvily performed, d~scharged, executed, effectrd, completed, compi~ed with and abid~d 5y, then in either w any such evem the said ag- ;•egat< sum mennoned in sa~d promisswy note then remaining unpa~d, with interest accrved, and atl moneys setured hereby, shall become due and pay- io c forthwith, or therea~ter, at the aption of said h!ORTGAGEE, as fuily and completely as if all of the said svms of money were or~g~nally stipu:ated ro be pa:d on such d:.y, anything in sa:d promissory note o: in this Mortgage to the contrary norwiihstanding; and the?eupon w thereafter at the option of s•.:! h10RTGAGEE, w~thovt nonce or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecWed as if all moneys secured hereby n.:d mat~red pnor to as institut~on. 7. ihat in the event that at the beginning of or ai any time pending any suit vpon this Mo~tgage, or to foreclose it, or to reform i1, or to enforce lment of any ci,~ims he~eunder, aaid MORTGAGEE shatl apply to !he Court having jurisdiuion thereot fw the appo~ntmeM of a Reteivet, such Court shail r~ ;hwrth appoint a receiver of said mortgaged property a!I and singular, inclvd~ng ail and smgular the income, profes, issues and revenues from whatever s: ~•ce dari+ed. each ar.d every of which, it being expressly understood, is hereby mortgagcd as if spec~fltally set lorth and described in the granting a~d : c~:du~n c~a~ses hereof, ar.d wch Receiver shall have all the broad and effective funct.ens and powers in anyw~se entrusted by a Court to a keceiver, and s;!: ~ppoinrn;e~,t sh~il be made by such ~o~rt as an admitted equ~ty a~d a matter of absolute right to said MORTGAGEE, and without reference to the ;~.;v,cy or madrq~~acy of the vaiue of the property mor!gaged or to the so~vency or i~solvency of sa~d MORiGAGOR or the defendants, and shat such ~~s, proirts, ir.~at~~~, issu:s and revenues shall be app{ied by such Receiver according to the lien or equity of said MORTGAGEE and :he praUice of such Court. 8_ To du'y, prompt:y and fully perform, discharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, ,:::~ditions and covenants m sa~d promissory note and this mortgage set forth_ 9. That in the ev~nt the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than fhe MORTGAGOR, the :~RTGAGEE, its succrsso~s and ass~gns, may, wirhout ~otice to the MORTGAOR, deal with such successoi or successo~ in interest with reference to this , o~~qage ar.d the deut hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or discharging the Mortgagori liability here- _ de. or upon ~he d_bt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pari oi the MORTGAGEE w its successors .~~ss;gns and no exrens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, a~wll operate ro re!ease, d;scharge, mod~fy change or aftect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficai;y agreed that t~me is of the essence of this contract and that _no waiver of any obt~gation hereunder or of the oblgatan se- .,-ed hereby sha:i ai any time thereafter be he!d to be a wai~er of the terms hereol w of the instrumero secured herby. 11. !n a:id no, ~o Tht- forego'n9 month'y paym^nu of princ pai and imeresr ~equ~red by the prom~sscry no!e sc-cured hereby, mortgagor eovenants • i agr_~es +o pay to n:o•tgayee ~nith each ~nonthly pa~~nent an add~:ional su~n esr.n:ated by mortgagee to be eqvai to l, 12 of the annual cost of the foJlow- ~ ~ A-A!I rca? procerty taxas Icvi~~ or assessed ag3eist the above descnbed real estate. 6 P.: ~ s on fne and wlr.dstorm ~nsurar.ce as here~n requ:red to be carried on the Improveme~ts situate on tha above d=scribed premises. C- Pr~~:n~~c~s on svch mortgage guaranty ir.surance as rnortgagee shatl from t me to time deem fit to ca~ry on the loan secured here6y_ ~ r:,or~. ec sh~!I 'rom n•ne to nme norif - mort a or ~n writm of the amount due and able hereundrr and such sum shall thereu n be due and ~ 3~ 1 5 9 9 P~Y ~ ,<b:r on ih~• cl~c d~re of ~he next month'~ payment and each suttessive moMh thereafier ur.til morigagee shafe notify morlga or of a change in such + i Such su:ns sha:l be app:ied by mortgagee toward the payment of real property taxes, insura~~ce :ums, and rt age guaranty ins~rance ~ . • ~r:~ums. IN :~tT~~E~S '?1HER~OF, the sa;d MORTGAGGR has hereu~to set his hand and seal the day and ye r'"st aforesai - Signed, ated an the presence of: ~ ~ Seaq ~as ~ ~~an Seaq (Seaq _'~.iE OF fIORIDA ~ SS. -.._~•~rY oF Lucie i Before me personally appeared L w SCOt~ s~,~t end • _ _ _ _ Marrr .SCOt.t.~ ~SO ~QlOWTl as Marv his wife, to me well known and known to me to be ~ ind~viduals descr;oed in and who eaecuted the foregoing enstrument, and acknowtedged before me that they execwed the same for the purposes ~^•_•ein expressed_ And the said MaI'~ ?SCOt.tl ~~Sn kri[]~rdi1 gg ~j_ a~~ ~CA~,~ L W SCOt't ' `e of the sa~d _ _ • • - - upon.a sepuate and priwte nat[on by me ta.en separate and apart from her said husband, acknowledged to and before me that she executed said,instrpmeol freeljr:~d voluo- a~~d w~tho~r any compuls~on, constraint, apprehens~ pL fear of or from her said husband. ' PL ~t - a~•o. i9~- ~ Y~ITPIESS my hand and offic~al seal this _ day of - ~ - - s- • ~ ~ Notary Public in and for the Stbt6 of'flori at larqe'; ~ ~ . h1y Commiss~on expires: - - _ . _ ' . ~ ~2erum To: NOTARI/ Pl1RltC STRTF•AF h RRt ' F~rst Federal Savings a Loan Association ~T.~~SE ~ of ~~,f Mr eo~~ss~oN ExP~Res,~i~?Y~•~:~9~s~ ~ eon~u rHRU c~n~ u,~~ a~c~~~ Fort P~.~rce: Flor~d3 ST~ UCIE C~ NTY FlA Thi; Instrument Pre ared B R6CER POITRA$ p y T~n. ~S. Braun CLERK C!R~UIT COURT ~ ~ First Federal Savings 8~ loan Association RECQRp YEF;:F~ED~ of Fort Pierce~ F10I`ida - Auc f0 I I 2$ AH 'T2 ~ cnz~ked BY - ;~3 ~ 166 s~84 ~ ~ ~ :w~ ' 4 Y~ ~ s 2+..~ .'i._ y°'~> 9:~ .1- ~ : ~ ' ~ _.s..:~" s~-~S..~h?''fi-'~'~n_'s'y .