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HomeMy WebLinkAbout1096 t 3. To p!a:e and cont~nuc~sly keep on the bui:dings now or hereafter situate on sa~d !end and on alt equipment and pe~sonally covered by this ma ~ aga, with atl pren:~ums ~hcreon pa:d in full, fire insurance i~ the ~sual srandard po~~cy iorm, in a sum approved by the MORIGAGEE, and windsto ~ns~~ance in ~hr ~suat standa~d pot:ty fwm, in a sum approved by the MORTGAGEE, in s~ch tanpany or companies as the MORiGAGEE m d~rrct; and aU fi~e and w~ndstorm insuranca po~~cies on any af sa~d lwild~ngs, any intereit therein or parl thereo(, in the aggrega~e w~n aforesa~d in exceu thereaf, shall tontain the usual stm~dard mor~gagee cla~se or such other clause as the Mortgagee may requ~re, making the loss unde~ ia~d po c~es, each and every, pay~5le to said M110RTGAGEE as its interest may appea~, and each and eve~y such po~icy shall be promptly ass gned and delivered ~ any held by sa~d h10R(GAGEE as (u~~her sewrity to sa~d mortgage debt, and„nQt Iqss ~han ten (10) days in advance of the expirat~on of each pollcy, to d~ I~Yer to sa~d h10RiGAGEE a renewal theieof, togeiher with a receip~ for the p~emium of such renewal; and there shall be no f~re o~ w~ndstorm inwronc placed on any o( sa~d bv~!d~ngs, any inrerest there~n or part thereoi, untess in the form and with the loss payabte as afo~esald; and ~n the eve~t any sun of money becanes payable under such policy or poGcies said MORTGAGEE shall have the optton to ~eceive and app!y the same on account of Ihe in~ebted nass sewred herrby or to permit said ~dORTGAGORS to receive and use it o~ any par~ thereof tor o:ncr purf•.os~•s, v.;~hout ih~~~ui w~ivi•ig or ~mpa~r ~n9 any equ~ty, lien w right u~der or by virtue of this mo:•gage; and in the evrnt sa~d MORTGAGORS shatl for any reason fail to keep the said premises so insvrrd, or fail to de~~ver pro~nptly any of said pol~cies of insurance to said MORTGAGEE, or fail promptty to pay fulty any p+e~nium therefw w in a~y iesp~~ct fail to perfo~m, d~scharge, e:ecute, effe:t, complete, comply wi~h and abide by this covenant, o~ any part hareof, said MORTGAGEE may piace and pay fw such insu~ance or any part thereof w~fhout waiving a affecting any oplion, lie~, equify, or right unde~ a by virtue of this Morfgage, and the fuil amoum of each and e.ery such paymeM shall be immediately due and payable and shall bear imerest from Ihe date thereof until paid at the rafe ot ~~:~~e per ceroum per annu:n and to~rther with such interest shali be secured by the lien of this mortgage. 1. To permit, commit w sufFer no waste, impairment or deterioration of said property ot a~y paA thereof. S. To pay ail a~d singuta~ the costs, charges and expense:, including a reasonable attorney's fee and costs of abslracts of title, incvrred or paid at ~~y N~.~r by sa~d MORiGAG~E, bzcause w in the event of the fa~lure on tix part of the said MORTGAGOR to duly, pra~~pNy and fully perform, d~xharge. ~x~cure, ef(ec~, comptefe, comply w~th a~d ab;de by each and every the stipula~~ons, agreements, cond~tions, and cove~wnts of said prom]ssory nate a~d ihis .~:ortgage any or eithe~, and sa:d cosfs, charges and expenses, each and every, shall be immediately due and payab~e; wheeher or not there be norice d~ n,end, attempt to collect or suit pend~ng; and Ihe full amount of each and e~ery such payment shall bear interest irom Ihe date thereof until paid at the r•~~ u+ nine per can;um Fxr a~inu~r, a»d aU said costs, charges and expenses incurred or paid, together w~th such interest, sF~ll be secured by the lien of this morfgage. 6. ihat (a) in the event of any lxeach of this Mortgaga or defauh on the part of the MORTGAGOR, w tb) in the eveM any of u:d sums of money hcrein referred to be not pro~npfly and fully paid withen th~rty (30) days next after the same severa".ly become due and payable, wi~hout demand or notice, er lc) in thr event each and every ~he slipulations, agreements, cond~tions and covenants of sa.d promissory note and th~s mo~Igage any or either are not iuty, promptly and fulty performed, d:scharged, executed, effected, completed, complied with and ab~ded Sy, then in e+ther a any such event the said aQ ~~egate sum menrioned in said promissory note then remaining unpaid, with imere;t accrued, and atl moneys secured Fxreby, shall become due and pay- ao e forthwirh, or fherea4ter, at the option of said MORTGAGEE, as fully and completely as ii all oi the said sums of money were wyinally stipulated ~o be pa d on wch d:.y, anything in sa:d promisso~y note or in this Mortgage to the conrrary no~weths~anding; and thereupon or thereaite~ at the op~ion of s, J MORTGAGEE, without notice or demand, suit at law or in equity, therefwe ot thereafter begun, may be prosecuted as if all moneys secured i?ereby c,d matured pnor to As instit~tion. 7. That in the event that at the beginning of or at any time pending any suit upon this Mo.tgage, or to ~oreclose it, or to refwm it, or fo enforce ~-~yment of any ciaims hereunder, said MORTGAGEE shall apply to the Court having jurisd~aion thereot for the appomfinent of a Receiver, such Court shall f::~hwith appoiM a receiver of saic! mortgaged proparty ail and singular, includ~ng aIl and sir.gu~ar the income, profAS, issues and revenues irom whalever s: u~ce dar~ved, each and every of whrch, it being exFressly understood, is hereby mortgaged as if speufically sd fath and described in the granting and t..,uendum cia~ses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywise entrusted by a Cou~t to a Receiver, and s ch appoinsme~~f shatl be made by sucF~ Court as an ad~nitted equity and a matter oi absalurr right to said MORTGAGEE, and without reference to the a:'.~•auacy o~ inadequacy ol the value oi Ihe property mortgaged or to the soivency or insolvency of said MORiGAGOR a the defendams, and that such r•~~~TS, yrofits, inco~ne, issues and reven~es shall be applied by such Receiver accord~ng to the lien or equity of sa:d MORTGAGEE and the practite of such Court. 8. To duty, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and :ovenanrs in sa~d promisswy note and this mortgage set fath. 9. That in the event the ownership of the mo~tgaqed premises, or any part thereof, becomes vested -in a person other tha~ ihe MORTGAGOR, the ".:ORTGAGEE, its wccessors and assigns, may, without notice to the MORTGAOR, deal wifh such succesw? or successor in interest with referente to thia n ongage and the deUt hereby secu~ed in the same ma~ner as with Idortgagor without in any way vitiating or dixharging the Mortgagors' liability herr ~,nder or upon the debt hereby secured_ No sale of the Fremises hereby mortgaged a~d no forbearance on the part of the MORiGAGEE or its successors or ass~gns and no extersion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ~o rerease, d~scharge, modify thange or affett the origi~al liabil:ty of the MORTGAGOR herein, eithtr in whole w in part. 10. It is spec~f~cally ag~eed that time is of the essence of this contract and that no waiver of any obl~gatton hereunder or of the obligation se- •_ured hereby shaG at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. 11. In add:t:o~ to the forego'nq month!y payments of princ'pal and interest required by the prom~ssory nore securcd hereby, mortgagor covenants ,~d agr_es to Yay ro n:o~tgagee vvith each monfhiy payrr.ent an add~rional sum esnmated by mortgagee to be equal to 1,•' 12 of the annual cost of the follow- - A-Ali real property taxrs levied or assessed agai~ist ilu_ above described real estate. 6-Pr~n:~ums on fhe and windstorm insurar.ce as herein tequ~red to be carried on the improveme~ts s~tuate on the above described premises. C-Premiun•s o~ such mwtgage guaranty ir.surar.ce as mortgagee shall from t me to time deem fit to ca~ry on the loan secured hereby. Mortgagea s~o l'.rom time to nme notify mortgagor in wri?ir.g of the amount due and payabte hereur.der and such sum shall thereupon be doe and ; avable on !he d~e tiate of thz next month:y payme~t and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in suth . 'n ti°' 'n r n r m:ums an~ mort a e uarant ~ sura~ce ~ , ounr_ Such su.ns s. a,i be appiied by mortgaqee toward the payment of real property taxes, ~ su a ce p e , g g g y ,~•~miVmS. IN \'~fTPJESS `:.N~REOf, ~he said MORTGAGOR has hereunto set his hand and seal the day and year first aforewid. ' Sgned, Sealed and dal' er in the;presence of: JJ~ ~ ~ ~ t~ ~L~ I ~~~ii-- /1'`~ (~+4 . ~ (Sea4 i T-~-..- (Sea4 _ Lois Blanton ~s~aq S?AiE OF FIORiDA ~ ~ S5. CJUNTY OF .St.• Lucie ~ ; Before me personally appeared W1L8I[l M. B~ ~tOII and _ T.ni S$1 ~nt.nri his wife, to me well known and known to me to be ?h> ind~viduals described in and who executed the foregoing instr~ment, and acknowiedged before me that they executed the same fw the purposes x therein expressed. And the said ~is Blanton i J~iFe of the sa~d ~~-11S1U M. B18T1tOII ' upw~ a separate and pr'rvaM ~~am~naf:on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said 'Instrumertt freely ~rid voluo- ~ ra~~{y and w~thout any computsion, constraim, apprehen(~ ion or fear of or from her uid husband. ~ 3 WITNESS my hand and ofEicial seal this 1 Q day of A s~ ' A. D.19~` 1 ~ _ . , ~ • ~ F L O R I U A? No ry Public in and fo tFx StatejdF Florids at Larqs g ~ My Commission eapires: ffi ~ STAT E ~F ~ . . . ' : ~ t~ } DOCUMENTAp" STAM_P Tp X ~ - Z % ~ ,5 _ , h d......i, = e ~ J ~ MIG21'72 ^.-i 9~ _ ~ = s,;, = I 8 Q.Q = ~EO ANa RECOROEO t~i~ ~ ocvi.a acrt~uc = WCIE C4UNTY FLA. ~ ~ p8,N0112 aOGE~ Pn~TRAS CLE~K G~~Ct11? COURT ~ ` • AEt~+"~'Ifr+~tEO~.~.~ This Instrument Prepared By: Thomas A. Driscoll ~ Z' ~0 ~u First Federa~ Savings 8 Loan Association 4 fl of Fort Pierce~ FlOrida 33Lt50 235'742 Checked By F - 3~~x205 ~~~10~ ~ ~ ; , - - - - - - - ; ~ : ~ ; ~ '`N ~ "