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HomeMy WebLinkAbout1400 3. To place and cont~nvousiy keep on the bu~:d~ngs now o~ hereaf~er siluate on sa~d land and on all eq~~pment and peraona~~y covered by this mor •3e, w:rh all prrn~;~ms ~hareon pa:d in full, f~~e ins~ronce in the us~al standa~d pol~cy fo~m, en a s~m approved by the MOR~G>GEE, and windsto •~s~rance in ~ha ~suai st}ndard pol.cy form, in a sum appro~ed by the MORTGAGEE, in wch company o~ compa~~es as the MORTGAGEE m d,~ecr and aU (ire ar,d w~nds~orm insurance poGc~es on any of sa~d bufld~ngs, any interes~ therein or pa~t thrreof, in ehe agg~egare sum aforesaid in exc~~ss +hereof, shall cont~in fhe us~al sr~nd~rd mortgagee clause or such o~he~ clause as Ihe Mo~~gagea may reqwre, making tha Ioss undr~ s~~d po c~•s, each ar~d e~ery, pa~ab:e to sa~d A~JRTGAGEE as ~ts imer,~st mey appear, and each aod eve~y such po:~cy shali be promptly ass gned and delivered ~ eny hcad by sa~d 610RfGAGfE as tur~h~r security w safd morrgage dabr, and, not less ~hen ten (SO) days in advance of thz expiiar~on of each pot~cy, to d~ I,.er to sa~d h:ORtGAGEE a rEnewal thereof, toge~her with a rece~p: for the pr~mi~m of such renewai; and there shall be no f~re o~ windsw~m insuranc ~.!sced on any of sa~d bui!d~ngs, any interesl therei~ or parf thereof, v~!ess in the form and with the loss payabte as aforesaid; and in the event any sun ot money beco~nes payab!e under wch po~icy or pof:cies sa~d MORTGAGEE ~fiall hava the opt~on to receive and appty the same on account oi th~ indab~ed n~ss saa.r~d har~by or to permit sa~d MORTGAGORS io rece~ve and use it o~ any part the:eof Icr o:i,~r pu~~;osrs, .v:u:out ih~r~ai wa~+l~~ ur ~n:p„ir any cqu;ty, Gen or r~gh~ undcr or by virwe of this mc:tgage; and in the event sa:d /NORTGAGORS shall for any reaion fail ro keep the aa~d premises sa ~ s~.~~d, or (a~l eo de!~~er pro:npHy a~y of said poL<ies of insuranca to sa~d MORTGAGEE, or fai: p:omptly to pay fu~ly any prrmi~m therefor or in any ~~~sp.:ct iail to pe.furm, d~sch„rge, execuir, effecl, compfetr, co•npty with and ab~de Dy tnis covenanf, or any part hrreol, sa~d MGR7GAGfE may place and p.~y for such insur.,nce or any part thereof without waiving Or affeding aey option, lien, equ~ty, o~ iight under or by virWe of this Mortgage, and the amo~nt of each and' e.ery such payment shall be im~nediately due and payabte and shall bear imerest from tha data thereof until paid at the rate o1 ~ t F<< <<~~~~'» per annu:n and to~rrii~•r N~.h such irvarest shali !~e sxwed by the lien of thi3 mOrtgage. J. io pe~me?, commit a suffer no waste, impairmenl o~ deter.oration of sa~d property or any part thereaf. ~ 5. To pjy all ard singutar the cost~, charges and expenses, inctuding a reasonable attor~ey a fee and costs of abstracts of tit(e, incu~red or paid at t~~t.e by sa~d htORfGAG:E, because or in the event of the fa~lure on the part of the said MORTGAGOR to duty, prompNy and fully perfwm, d~scharge. ~ _..curc, effect, wmp:rte, comply wah ar~d ab:de by each ar.d every the supu~auons, agrecments, condit~ons. and covenants of sa~d pranissory note and this ~.ortgage any or eaher, an~ sa;d costs, charges and expenses, each and every, shall be immediately due and payabte; whether or not there tx nouce da ~~:~•~d, ar;empt to coilect or suit pend~ng; and fhe tult amoynt of each and every such paymeat shall bea. interes~ from the date thereof until paid al the u~ n~ne cer ccnt~m per an„u n; end all sa~d costs, charges and extxnses incurred or paid, toga~he~ w~th wth interest, shall be secwed by the lien oi this mcrtgage. 6. That (a) in the event of any breach of this Mortgage or defautt on the part of the AROAiGAGOR, or (b) in fh~ event any of sa:d sums of money h~~rein ref~rrrd to kx not prot,~pdy and fully paid within th~.ty (30) days next aite~ ~F.e same severa'ty beconie due and payable, without demand o? notite, ic) in fhr event each and every the stipulatio~s, agreements, cond~tions and tovenants of sa.d promissory note and th~s mortgage any or either are not i~:y, promptly dnd fulty perfOrrnetJ, d.schdrged, @xPtute(~, effec~ed, completed, compGed with and ab~ded Sy, tixn in e~ther or any such evenf the sa~d ag ~afe svm ment~oned in sa~d promissory note then rema~ning unpa~d, wiih interest aarued, and a:l mo~eys setured hereby, shall become due and pay- r forth„vi!h, or ~hereafter, at the op!~on of said MORTGAGEE, as fuily and compterely as if ail of ~he sa+d sums oi money were onginally st~pulated !:e pa.d on such dcy, anything in sa.d prom~ssory note or in this Mwtgage to the cororary notwlthstand~ng; and thereupon w thereafter at the option of 1;10RiGAGEE, wnhout nohce o~ demand, suit at law w in equity, therefore or thereaiter begun, may be prosetuted as if all moneys secured hereby ~ - .::i r:,ar~rtd pr;w to ~ts institur~at. 7_ Ti~~t ;n thr event that at the beginning o! or at any time pending any suit upon this Mortgage, o? to foreclose it, or to reform it, o? to enforce ,,menr ef any c~ims hereundrr, said IdORIrAGEE sha~l apply ro the Court havi~g jurisd~pion thereot fw the appanhnent of a Receiver, such Court shail -hhith appoint a receiver of said mortgaged prope~ty a:! and sengula~, intlvd-ng a:l and s~nguiar the ipcome, prof~ts, issues and revenues irom whatever -_~ce d~•rrvrd, each ar.d every of wh:ch, it being expressiy undersfood, is he:eby mortgaged as ii speu~;talty set fwtfi and described in the granting and -~~~dv~n c~avses hereof, ar.d such Receiver sF~all have a(1 fhe broad and efiecnve f~ncr.ons and powers in anyw~se entrosted by a Court to a Receiver, and s 3r~oinl~r.znt sn3i1 hs made by such Court as an ad~nitted eq~ity and a ma~ter of absolute rigM to said MORTGAGEE, and without refe~ence to the .~.,:~cy or inadeqvacy ot the vatve of the property mwtgageci or to the so.ve~cy or insowency oF said MORiGAGOR or the defendants, and th;t such ~s. prof:rs. ~nco,ne, iss~es and revenues shall be app~ied by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and the practice of such ~-~Jlt. 8. To du'y, p.ompr!y ard ful!y perform, d~scharge, execute, effect, complzte, comply w+th and abide by each and every the stipufations, agreements, ci~t;eri and covenants ~n sa~d promissory note drtd th;s morlqaqe srf forth. 9. 7h~t in ehe event the ownersh+p of the mp~tgaged premises, or any part thereof, becomes vested in a person other ihan the MORTGAGpR, the :'~Q~GAG:E, ifs succrsso~s and ass~gns, may, wirhout notice to the ASORTGAOR, deal with such successa w successor in interesi wiih reference to this ~'~y^aye arci rh~ d_•ut hereby sewred io the same manner as with RSortgagor without in any way vitiating pa d+scharging the Mortgagon' liability here- .i:~r or upon the d~•bf hcreby securcd. No sate oi the pren,lses hereby mortgaged ar.d no forbearance on the part of the MORiGAGEE or its successors assgns and no extens~on of the time for the payment of the debt hereby secured given by the MOR7GAGEE or its successors or auigns, anafl operate ro:e edse, dscha:ge, m.od~fy ~hange or atfE~t the orig.nal liab:;~ty of the MORTGAGOR herein, either in whole or in part. 10. Is is spec!f;caily aoreed that time is of the esse~ce of this coNract and that no waiver of any obligat~on hereunder or of the ob!igation se- c-_d hereoy s:+a'~ at an~ t:n;e thareafter be held to be a waivrr of the terms hereof or of the instrumenl setur~ herby_ 11. In ~:i_l i.c ~~o the iore9o n~ monih!y paym_ntz of pri~c'aa1 and interest requ~red by the prom ssory note secured hereby, mortgagor covenants .3g-^_s ro ;;~y :v ~•:c-rgayee :,irh each monfh:y ~:.ay~.:ent an add~~~onal sum est~n:ated by mortgagee to be equal to 1; 12 of the annua{ cost of the follow- , A-- ~eai prcpsrty tax ~s !ev~ec: or assessed ag~i•~st fh~ aoove described rea4 esrate. E P..: ,;;s o~ f:~e and v.h:duo:m insurarce as 6ere~n requ;red to be carried on the ;mproveme~ts s~t~ate on the above described premises. C-Vr:, ~:~;;:•.s en such mortg::ge guarar,ty ir.sure~:ce as mor)gagee shatl from t me to timc deem fit to carry on the loan sewred hereby. A',ortg;~_~e s~~-`i •n t~~t~e to n:ne not~fy mo•tgagor In writ:ng of the amou~t dve and payabfe he~eundrr and such su~~ shall thereupon be due and b'e e•~ th.- d~c~ c re oi fhe ne.! n,onthf~ payment and each successive month fhereaf~er ~mit mortgagee shatt noGfy mortgagor of a change in such r,~t. S..ch s:,:*s s~ i be a;;f~ ied by mortgag~e toward the payment of reai p~operty taxes, inwrance prem:ums, and mortgage guaranty i~surance . •..,~~ms. IY ~YITr~E55 .:HER~OF, the said MORTGAGOR has hereunto set his har.d a~d seai the day a d year first afores ` ~~$igned, Seale and de ' in the presence of: f / (5ea1) . A aID (Seal) ' (Seal) = rances R . Sample ~~ai~ 5~ ~+E OF FLOR(DA ~ SS. ".?~'JTY OF _ St. L.l1C1Q ~ Before rrw persona(Iy appeared Jay A. Sample snd _~_r' Z1AC@5 R. $d~ll' his wife, to me well known and known to me to be , -~~ci~~~cl~a;s descr~brd in and who executed the foregang instrument, and ackrwwiedged beFore me that they executed the same for the purposes '~--•ein expressed. And the :a~d_ Franees R. Sample of the sa:d _-Jay A. Samp1Q upon a separate and privats ~±~n naf on by me ra~en separnte and apare from her said husband, acknowledged to and befo~e me fhat she executed said instrument f?eely and voturr y a: d w.th~u~ any compu~sion, consrraint, apprehens:on, or fear of or from her uid husband. ~ ~C~- ~ 72 WlTNESS my hand and eff~c~al seal this__~~ day of Au u5t ••A:.tl. 19~_ . , ;r ~ ry Public in and r the Slate Iorid Large Commission e +res: Return io: ' ' ' • r:or,3 rrt~s: t:rsr federal Savings 3 Loan Assxiafion ; Y~~f U+ c•t P,:c.. ~'Y Cv' - ' ' ~ : . acr~a.~e ~ • g ~ forr P.~_ :e. F:~~~.J3 - - . • , ~ - ~ FILED AND RECOR~EO ~ : ; St.LUi.lE :,~JMTY FIA. ~ . r,= ROGeei ~viiRAS This Instrument Pre ared 8' John W. Colli CtEa1: C•~;~~~t COUAT ~ ~ P Y• l~~u~ YEF;FIEO~ l~" First Federal Savings 8 Loan Association of Fort Pierce , Rlorida 33450 ~ 23 3 22 1 M~! Z ~h'~ked gY _ 23~9s9 80RK ~5 ~ac~ 1~~ i lh? ~ . - ~ K x f.a.:~.~e',`~ _ . . ~`v rri .