Loading...
HomeMy WebLinkAbout1100 . , ~ ; t 3. To place and continuously kcep on the bu~!dings ~ow o~ hereatter ~~tuate on said land and on att equip~nent and pe+so~ally covered by thit ma eqe, with all premivmi thereon pa;d in full, lire inwrante in ~he ~sual atand~rd polity (orm, in a sum approved by Ihe MOR~GAGEE, and windsto ~~~surance in the usual standard pol.cy fo~~n, i~ s s~m approved by ~he MORTGAGEE, in such company or cw~+pan~es as ihe MORiGAGEE m d~reU; and all fire and w~ndsrorm insurance po~~cies o~ any of ss~d buifd~ngs, sny interest therein or part thereol, i~ the sggrega~e sum aforesaid in eacess thereof, ihall contain the usual standard morrgagre ctause or such other clause aa the Mo~tgagee may requ~rs, makiry the loss unde~ sa~d po c~rs, each and every, pa~•ab!e ro said A10RTGAGEE as ~ts interest may appear, and each and every auch policy shatl be prcxnptly assgned and de~rvared + any hald by said MORIGAGiE as iur~her security to sa~d m«igage deb~, and, no~ less than ten (101 days in advance of the expirateon of each poGcy, to d. I~~er to sa~d MORiGAGfE a renewal thereof, toge~her with a rece~pt fw the premium oi such renewal; and ~he:e thall be no i~re o. wi~~dstorm insuranc ptated o~ any oi said build~ngs, any interest therein w par~ thereof, unless in the form and with the toss payable as aforesaid; and in Ihe event any sun of mo~ey becomes payable under such policy a po~~cies said MORTGAGEE shall have the opt~on to rtceive artd app!y the ume on accoun~ of the indebied ness secvred he~eby a to permit sald MORTGAGORS to receive and use it or any part thereof ior otner purpases, ~vitnout th~r~o~ waivi:~3 er nnpa~r ing any equ~ty, lien w riyht under or by virtue of this mo:!gage; and ~n the event said MORTGAGORS shall tor any reason fail to keep the said premises so ~nsured, o~ fail to deliver promptly any of sai~ policies of insura~xe to said MORTGAGEE, or fa~l promptty to pay fufly any pre~nium the~efor or in any respec~ iail to pe.Iorm, discha~ge, ezecute, effect, complete, comply wi~h and abide by thia covenant, a any part hrreof, said MGRTGAGEE may place a»d pay (or such insurance or any parl thereof wi~hou~ waiving w affecting any op~~on, lien, equ~ty, w r3ght under or by viitue of thi: Mo~tgage, and the t~ll a~nount of each and e~ery such payment shall be im~nediately dut and payable 5nd shall bear interest from tha date thereof until paid at the rate ol ~~~ne per centum per annum and to~ether with such interest shalf be secured by the lieo of th~s mortgage. 4. To permit, commir w suffer no waste, impairmcnt or deterioration of said property a any part 1he~eof. 5. To pay all and singular ~he costs, charges and expenses, including a reasonable attwney i fee and costs of abstrocts of title, incurred or paid a~ ~ny t~~ne by sa~d MORTGAG'_E, becau:e or in the event of the fa~ture on the part of ~he said MORTGAGOR to duly, promptly and fully perfwm, d~uharge. exrcute, efiect, comptete, comply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenants oi sa~d p~omissory note and this .:ortgage any or ef~he~, and sa:d co:~s, charges and expenses, each and every, shatl be immediately due and payable; whether or not there be nor~ce de r,and, attempt to col(ect or suit pending; and the full amounf of each and every such payment shall bear interest from the date thereof until paid at the or n6,e per cenfum per annu:n; arw all said costs, charges and expeoses incurred or paid, ~ogether w~th such interest, shall be secured by the lien of thi~ murtgage. 6. That (a) in the evenl of any breach of this Mortgage or default o~ the pa?t of the MORTGAGOR, o? (b) in the event any of sa~d s~ms of money herein referred to be nct pro~nptly and fully paid within th~rty (30) days next after the sa~ne severa!ly become due and payable, without demand o~ notice, or (c) in tha event each and every IF+e stipulations, agreements, cond~tio~s and covenants of sa~c+ promissory note and th~s mortgage any a either a~e no1 i~ly, promptly and fully pe.formed, d~scharged, executed, eifected, completed, complied with and abided Sy, then in either or any such event the sa~d ag- ~-egate sum mentioned in said promissory note the~ remaining u~paid, with interest accrued, arxl all moneys secured hereby, shatl become due and pay e~.z forthwirh, or thereafter, at the option of seid MORTGAGEE, as fully and completely as i1 all of the uid sums of money were originally sripulated ~o be pa:d on such d.:y, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstand~ng; and thereupon or ~hereafter at the op!~on of d h10RTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafler begun, may be prosecuted as if all moneys setured hereby n. d matured pnor to ds institution. 7. That in the evenl that at the beginning of or at any time pending any suit upon this Mo¦tgage, or to fweclose it, w to reform it, or to enforte F~yme~t of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdktion thereof for ~he appo~ntment of a Receiver, such Cour1 shall t:,; ~hwith appe~nt a receiver of said mwtgaged property all and singula~, includ~ng all and singulai the income, profits, issues and revenues from whate~er s:~~rce ~erived. each and every of wh~ch, i~ being expressly understood, is hereuy mortgaged as if speufitally set forth and deuribed in the greNing and i~•:ndum c;auses hereof, and such Receiver shall have all the broad and effective funU~o~s and powers in anywise entrusted by.a Court to a Receiver, and s ch appoirttment shalt bo made by such Court as an admitted equity and a ma~ter of a6solure ~ight to said MORTGAGEE, and without reterersce to the ~d_quacy or inadeq~acy of the value of the property mortgaged or to ~he so~vency or insolvency of sa~d MORTGAGOR or the defendants, and that such ;~,rs, profits, incane, issues a:xl revenues shall be applied by such Receiver accord~ng to the ~ien or equity of said MORTGAGEE and the practice of such Court. 8. To du:y, promptly and fu~ly perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fw1h. ~ 9. That in the event tt~e ownership of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the '~10RTGAGEE, its successws and ass~ns, may, withou~ notice to the MORTGAOR, deal with such succeuor w successw in interest v~rith reference to this ~ o>~gage and she d~bt hereby secu~ed in the same manner as with Mortgagor without in a~y way vit~ating or d~scharging the N4ortgagori liability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /~AORTGAGEE w its successors oc ass~gns and no extension of ~he time fw the payment of the debt hereby secured given by the MORTGAGEE or its successars or auigns, ahall operate ro re~ease, d~scharge, modify change or affect the original liabiliry of the NVORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYan sr cured hereby shali at any time thereafter be hetd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add r:o~ to tfi~ forego'ng momhly paymems of princ'pal and imerest required by the prom~ssory no!e sec~red hereby, mwtgagor cavenants ~~~d agrees to pay to mortgagee with each monthly payraent an add~rional sum est~n,ared by mortgagee to be equal t~ 1; 12 of the annual cost of the follow- ~ j A-All reaf property taxzs levie~ or assessed agairisi the above described real estate ; , 6--Franu;,:ns o~ `ire and windsrorm insurar.ce as herein requ:red to be tarried oo the ~rreproveme~ts s~tuate on the above dascribed premises. C-Pre,n+u^~s on 5~ch mortgage guaranty ir.surar,ce as mortgagee shaN from ~~me to time deem fit to carry on the ban secured hereby. 1lortgagee sha:l from ti~ne to time notify mortgagor in writing of the amount due and payable he~eunder and such sum shall thereupon be due and I;~ ~~,able on ?he d~~e dare of the next month!y payment and each successive momh thereaftcr urtil mortgagee shall nolify mortgagor of a change in such i >•.ount. Such su:ns sFa:i be app~ied by mortgagee toward the payment of real property Taxes, insurance prem:ums, and mortgage guaranty insurance ~ :~•emiums. IN ~iJt1NE~S VJHEREOf, the id MORTGAfiOR has hereunto set his hand and seal the day and year first afwesaid~ ` S~gned, Sealed an tiver in the presence of: Seah I+~. a (Sesn s~n Clotilde F. Taylor ~~,i~ _ ; 5~:,7E OF fIORIDA SS. C~UNTY OF St. I11G~9 1 Before me peno~ally appeared I1a~nd Taylor a~ ~Ot~(~8 1'' . Taylor his wife, to me well known ar.d known to me to be rt,e ind~v~dvafs described in and who executed the foregoing instrument, and acknowl~ ed before me that they executed the same for the purposes ~ therein expressed. And the said , C~.Ot+~(~6 F. T8311OI' _ .vife of the sa~d - ~"J" TaylOr vpon a slp~rate and private eram~nat~on by rr.e taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrumeM freely and volun~ rar~iy and w~thout any computseon, constraint, appreh ip~, or fear of w from he? said husband. ~ ~ ~h q~ WITNE55 my hand and official seal this ~ • day of Au A. D. 19~.- ~ • ~ - ~ Notar Public in and i t State tf Flarida d lar~ja = My Commission expires: - ~ Retum To: f••• ~;~-1TE OF FLUh`1a7A AT LA~'^'~ First Federal Savirtgs S Loan Association j~~;~; !•1"-.R, T_ -j!.'S : - ...;:x:.:~CE U~:D'cit7aRITcRS Of iort P:erce. . . Fort Piarce, Ftorida a' 7s ~.~r ~~CiBt~£~ ~ ~ iT.LAic~f_Cau~Rr f~- ~ This Instrument Prepared By Gary F. ElltdOOd r~~~~ ~ ti£R~ C~~i~fT ~0111lT ~ First Federal Savings 8~ Loan Association ~~~aRy Vf=-~'E~ _ of Fort PiercE , Florida u i Checked B _ ~ ~ ~r ~''Z~ ` y ~ ,~35'744 - ~ ~ ~ aoox~~ ~a~~~.~ ~ ~'gr4.? ~'~-y.. - z - ~ . _ _ . . . ~ }s:~ ~ ^~~.~?y ~ ..'7.a.,~ ~~~.~`~.4v°, . .i _ ~ "