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HomeMy WebLinkAbout1850 3, io piace and ca~tinuousty krep on the boi!di~gs mw o? hereaAe~ slluste on sa~d Isod and oe+ al{ equip~,,em and persooally covered by this ma ege, w~th a~l prem~ums thereon pa~d i~ full, fire insurance in th~ ua~al s~andard policy form, i~ a sum approved by Ihe MORIGAGEE, and winda~o ~rsu~ancc in the usual ~tandard pol:cy form, in o~um epp~oved by ihe IYtpRTGAGEE, in fuch tompany or companies aa the MORTGAGEE m d;~ec~; and all (ire and w;nJstcrm insurance policies on any o) said buildi~gs, any inle~esi therein or part the~eof, in Ihe agg~egare :um ~fore~aid in exces~ ~hereo(, shall ;untain ~he usval standard mor~gagee clause or such o1he~ clauss ss the Morlgagee may requ~rQ, malirg Ihe loss unde~ sa~d po Nes, euh and every, payable to said MGRTGAGEf as its enteres? may appear, ani) each and every such poticy shalt be prompdy ass g~ed and delive~ed ~ any held by sa~d MORIGAGEE as furthrr security to said mwtgage debt, and, not less ~ha~ ten ()0) days in advance o( the eapi~ation ot each pol~cy, to d I~ver to sa~d A10RiGAGEE a renewal ~hereof, iogeiher with a ~eceipt tw the premium ot such renewal; and there ahall !x no 6re o~ windswrm insuranc placed on any of sa~d b~ildi~gs, any inferest therein or par~ thereof, unless i~ the torm and with ihe loss payable as a(aesa~d; and i~~ the eve~t any sun of money becomes payable under such polity q policies said MORTGAGEE shall have Iha option to receiva and apply the ume on account of the indebted ness secured hereby w to permil said MORIGAGORS ~o ?eceive ~nd use it ot any part thereof for o;nrr purposes, v.i~hout 1h~+iu~ waivi•~g or un~air~ ing any equity, lien w right under w by virlue of Ihis mo:!gage; and in tF?e event ts~d MORTGAGpRS shall fw any reason iail to keep the said premises so +asured, or fail lo deliver promptly any of said polk~es o( insurance fo taid MORIGAGfE, or fai! promptly to pay fuUy any premium therefor a i~ a~y ~es}x~ct (ail to perform, discharge, exetute, e(fect, complete, comply with ar?d abide by thia tove~aN, or any part hereof, said MORTGAGEE may place and pay for such inaurance or any part thereof without waivi~g o? affecting any option, lien, tqu~ty, o~ right unde~ or by vir~ue of this Mortgage, and the ful! amount o( each and every suth payment shaU be immediately due and payable and shall bear interest (rom the date thereof vntil pa~d at the rate oi nme per centum per annum and to3ether with such interest shali be srcured by the lien of this mwtgage. d. To permit, commit or sufEer no waste, impairment or deteriorat~on of said property o? any part ihereof. 5. To pay all and singular the coats, charges and expenses, including a reasonable attorney's iee and cosrs of abstracts of title, incurred a paid at any t~me by said MORTGAG:E, betause or in the event of the failure on the part of the said MORiGAGOR to duly, promptly and fully perlwm, dbcharge. execvte, effect, crnnptete, comply w~th and ab:de by each and every the stipulations, agreemeots, tonditions, and covenants of said promissory note and ~his mortgage a~y or e:ther, and sa~d cosrs, charges and eapenses, each and eveiy, shall be immediately due and payable; whe~her w aot there be norice dc m,nd, attempt to collec~ or suit peod~ng; and ihe futl amount of each and every such paymem shall bear i~~erest from the date thereof until paid at tF+e ~e o~ ~~ne per cantum pcr ann~rn; and all said costs, charges and expenses incurred or paid, togethtr with svch inte~est, shall be setured by the lian of this morfgage. b. Tha~ (a) in the event of a~y breach of thi~ Mortgage or deFault on the part of the MORTGAGOR, w ib) in the event any of said sums of money herein referred ro be not promptly and ivlly paid within thirty (3p) days next after the same severa'!y beco+ne due and payabfe, without demartd o~ notice, or (c) in tht rvert~ each and every the stipulatiau, agreert+ents, condetions and covenants of sa:d promiasory note and th~s rt:ortgage any w eitF~ are not iuly, promp~Iy and fully performed, d;scharged, executed, effected, completed, complied with and abided 5y, then in e~lher o? any such evenl the said ag~ ~regate sum mentioned in sa~d promissary note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betwne due and pay- ab~e forthwith, or thereafter, at the optioo of sa~d MORTGAGEE, as fully and compleuly as if all of the sa~d sums of money were wiginally sl~pulated to be pa:d on such d~y, anything in sa:d promisswy note a in this Matgage to the tontrary notwithstanding; and thereupo : or thereafte~ at the option of sa;d MORiGAGEE, w~tho~t notice or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if al{ moneys secured hereby r,~d ~nawred pnor to ~ts institution. 7. That in the event that at the beginning of or at any time pendi~g any su~t upon th~s Mortgage, or to foreclose if, or to reform it, or to enfo~ce payment of any claimf hereunder, said MOATGAGEE shail apply to the Court having juriadidion thereo( for the appointmenl of s Receiver, such Court shafl fcrthwirh appoinl a receiver of said mortgaged property all and singvlar, includ~ng•eIl and singui~r the income, pofits, issues and revenues from whatever s~ u~ce derived, each and every of wh~ch, it be;ng expressty undersrood, is hereby mo.rgaged as if specffically set fath and described in the graming and !~.>bendvrn clauses hereof, and such Receiver shall have a~l the b~oad and effecrive funcnons and powers in anywise entrusted by s Court to a Receiver, and _ ch appointment ahall be made by such Court as an admitted equity and a mane~ of absolute riqht to said MORTGAGEE, a~d without reference to the a.iea~acr o? +nadeq~.acy of the value of the property mortgaged or to the soivency o? insolvency of sa~d NtORTGAGOR or the defendants, arx! that such r~,rs, protits, incane, issues and revenues shall be applied by such Receiver accord~eig to the iien or equity oi said MORiGAGEE a~d the practice of such Court. B. To dvly, promptly and fully perform, discharge, execute, effect, complete, comply with and a6ide by each and every the stipulations, agreements, conditions and covenan~s in sa~d promissory note and this mortgage set forth. 9. That in the event the owne~ship of tha mortgaged p~emises, or any part tFiereof, becomes vestrd in a person other than the MORTGAGOR, the .•.ORTGAGEt, its successors and ass~gns, may, without nor~ce to ti,e MORTGAOR, deal with such successor w successor in interest with reference to this r~orryage and the debt hereby secured in the same manner as with Nbrtgagor without in a.+y way vitiating o? discha~ging the Mortgagors' liability here- v~der or upon the debt i,ereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on Ihe parl of the MORTGAGEE or its successors o. ass~gns and no exrens~on of the time for the payment of the debt hareby secured given by the MORTGAGEE or its successors w assigns, s;~a11 operate `o release, d~scharge, modify change or affect the orig;nal liabil~ty of the MORTGAGOR herein, either in whole or in part, i0. It is spec~f~cally agreed that time is of the essence of this contract and lhat no waiver of any obligation hereunder w of the obtigation se- cvred hereby shaf~ at any trme thereafter be held to be a waiver of the terms hereof or of the instrument secured he~by. 1]. In ;dd.tio:i to the forego:ng month!y paymants of princ pa1 and interest required by the prom~swry note secured F~ereby, mortgagor covenanls +~~d agr_es to pay ro rt,arg3gee with each monthly payr.~ent an add~ranat sum estimated by mo~tgagee to be eq~al to 1 j 12 oi the annual cost of tF~e follow- Zg; A-kll rea! property taxes le~~e,a, or assessed against ihe above descri5ed real estate. 6-Fr.~*,~uns on f~re and windstarm insurar.ce as herein requ~red to be carried e~ the improveme~ts situate on the above desvibed premises. C-Pr<<niu:~s o~ such mortgage guaranty insurance as mortgagee shall fro:n ~~me to time deem fit to tarry on the loan secured hereby. Mortgagee sh~'! f~om time to time noti(y mortgagor in writing of the amount due and payabfe hereundr nd such surn shall fhereupon be dve artd ;.3yab'e on th: c:ue date of ~he next month;y payment and each successive month thereafier ur,til mortgagee s all notify mortgagor of a change in such ount. Such s~:ns sha:i t~e applied by matgagee toward the payment of real property trxes, insurance pr :ums, and mortgage guaranty insurance F~,•e~niums. IN \'~iTP~E55 LYHEREOF, the said MORTGAGQR has he~eunto set his hand and seal the day and ,ye first atoresaid. ~ Signed,- Sealed and de " ed in presente of; ~n Ro and Fo te c~an Seah elen J Foster ~~a~ I SiATE RIDA ~ j ~OU!JTY OF St. Lucie ~ ` Roland Foster f Befwe me personally appeared ; Helen J. Foster his wite, to me well know~ and known to me to be ~ rhe individuafs described in and wF?o executed tF~e foregang instrumenf, and acknowfedged befort me thaf they executed thg same }oi ti~e purposes rherein expressed. And the said Helen Foster • f +~fe of ~he said Roland Foster - vpQCi a'seperate_~rid"privst~ e.am~na+ion by me taken separate and apart from her said husband, atknowledged to and before me that she executed said Insir4ment•f~eely and vofVn~ ~an;y and w~thout any compulsion, constraint, apprghe~~qq, o? fear of or from r u' usband. • ' • WITNESS my hand and official seaf thiL ~ da of AU L1St 7Q' Y - AD.19 • No ry Public in and or t State uf Pfo~ids at lar9e ~ My Commiuion expires: 1. ~S • Return To: . •r ' first fedetal Savings b Coan Association Of Fo.t P:erce. Fo~~ P~erce. Florida FIIED a'~n AECaRDED ST.IUG~E C~UNTY F~A. l aOCER rOtiTiiAS CIERK C: ;C~IT COUR7 RECQRO vER~~~ED This Instrument Prepared By ; J. H. Roberts, Jr , g~~ First Federal Savings 8~ Loan Association of Fort P+erce ~ Florida 33450 ~ 18 2 2 Checked By 23631'7 . gflnx~05 ~i850 ~lh ~ - - ~ . . . 't .