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HomeMy WebLinkAbout1856 3. To place and contlnuously keep on thc bui:dings ~ow or hereaite~ situate on sa~d land and o~ alt equip~nent snd personally covered by this ma nge, with all prem~ums tt~ereon pa~d in full, fi~e insurante in the us~dl standard poli~y form, in a 3um approved by the MORfGAGEE, and windsto ~nsurance in the usual s~andard pof;cy form, in a sum approved by the MORTGAGEE, in suth company or companies as the MORTGAGEE m d~rec~: and alI fire and w~nds~orm insurance potiues on any of said buildings, any interest therein or pa~~ thereoi, in ~he aggregsre sum aforesaid in excess ~hrrcof, shall zontain the usuat sta~,dard mor~gagee ciause a such other clause as fha Mortgagee may requ+~e, making the Ioss under sa~d po c~es, each and every, payable to said A10RTGAGEE as it~ interest may sppear, and eacA a~d eve~y such potity shall be p~omptly ass gned and delivered ~ any held by sa~d hIOR(GAGEE as fur~her security to said mortgage debt, and, not leu than ten (10) days in advance of the expirat~on of each pot~cy, to d~ t~ver to said MORTGAGEE a renewal thereof, together wilh a~eceipl for the premium of such ~enewal; and the~e shall be ~o f~~e or winds~o~m insuranc placed on any oi sa~d bui[d~ngs, any in~erest therein or par? ~hereof, vnless in the (orm and w~th the losa payable at a(oieuid; a~d in the eve~t any sun 01 money becomea payabte vnder such poliq w poGciea said MORTGAGEE ahall Mve ~he optlon to ~eceive and aNply 1he samp on accounl of th! indebted ness Scc~red herCby Ot to petmit Sai~J MORT('aAGORS t0 reCeivB aM~ ui! iT q any part thereof to~ oiher p~~p~sc3, v:~~ho~t th~.au/ waivi•s] O~ unpair ~~g any equ~ty, lien w right under w by vir~ue of this mo:!gage; and in ths event wi~' MORTGAGORS shafl for any ~easo~ fait to keep the said premisrs so ~ns~r.:d, or fail fo deliver prornptly any of taid pol;c~es of insuran~e to said MORTGAGEE, w fall promptiy to pay {ully any premium therefw or in any respett fail to perForm, discharge, execute, effecl, tomplete, comply with and abide by this cove~ant, a any part hareof, said MORTGAGEE may place and pay for such insurance or any pa~t thereof witF,out waiving•ot affecting any option, lien, equiry, or r;ght under w by v;rtue oE this Morlgage, and the fult amoum o( each and every such paymeM shall be immedlately due and payable aod s6all bear interest irom Iha datQ thereof until paid at the rate ol ~~~•,e p<r tentum per annum and to~clhar with suth interest shali be setured by the lien of this mo~tgage. 4. To permit, commit oc su(f~~ no waite, impairment ot deteraration of said property or any part thereof. 5. To pay att and singular the costs, charges and ezpenses, ~ncluding a reasonable attorney i fee and costs of abstracts of title, inc~rred or paid at ~ny ~iir.e by said A~10RTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~torm, d~uharge. _ xecufe, efiecl, complete, wmply w~th and ab:de by each and every tlx stipulatrons, agreements, conditiona, and covenanrs of sa~d promissory note aod thia .1:argage any o~ e~~her, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be ~ot~ce d~ m~nd, afte:npt to collect w suit pend~ng; and the tull amount of each and every such payment shatl bear interesf from 1he date thereof until paid at the r.•re oi nine per centum per annurn; and all said tosts, charges and ex~enses intu~ied o~ paid, together with such interest, sfwll be secured by the lien of ihii mortgoge. 6. That (a) in the event of any breach of this Mwtgage w default on the part of the MORTGAGOR, w(b) in the eveM any of said sums of money he:ein referred to be not pro~nptty and fully Paid within thirty (30) days nex~ after the same seve~a!!y become due end payabte, without demand o? notice, er !c) in the event each and every ~he st~putarions, agreements, condit~ons and covenants of sa:d promissory note and th~a mortgage any o~ eitAer are nol iuly, promptly and fuliy performed, d~scharged, ezecuted, effected, compteted, complied with and ab~ded 5y, then in e~ther w any such avsnt ~he said ag- ?~ega~e sum v~enrioned ;n said p~om;ssory note then remaining unpaid, with inte~est atcrued, a~d a!I mo~eys secured hereby, shall betome due a~d pay- ao;e forthw~th, or thereafter, a1 the option of said MORTGAGEE, as fully and completely as ii all of Ihe said sums of mpney vvere originally st~pulated ~o be pa~d on such day, anything in sa:d prom~szory note ar in this 1Nortgage to the contrary norw~thstand;ng; and thereupon or lhereafte~ a~ the op~ion of s;:d MORTGAGEE, without notica or demand, suit at !aw or in equity, therefore or thereafter begun, may be proucuted as if all ma~eys secured hereby n~d matured pnor to rts instituhon. 7. That in the event that at the beginning of o? at any time pe~ding any suit upon this Mo~tgage, a to fweclose it, w fo reform it, or to enfarce c;:~ymeN of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdrction thereof for the appointmenl of a Receiver, s~ch CouA shall tc~~hwith appoint a receiver of said mortgaged property all and singula~, inctud~ng ail and singular the ~ncome, p~ofits, issues and revenues from whatever s_ urce der~ved, each and every of wb~ch, it being expressly undersrood, is hereby mortgaged as if speuficalfy set fo~th and destribed in the granting and :L~endum clauses her¢of, and such Receiver shall have all the broad and effective func~:ons and powers i~ anywise entrusted by a Court to a Receiver, and _-ch appointment sha(I be made by such Court as an admitted equ~ty and a matter of absolute righl ?o sa;d MORTGAGEE, and without ?eterence to the a:,..~uac~ or insdequacy of the value of the property mw~gaged or to the soiventy or insolvency of said MORiGAGOR o~ the detendants, and that such ~ts, profits, incane, issues and cevenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such G~urt. 8. To duty, prompt;y and fully perform, dlscharge, execute, effect, complete, comply w7th and abide by each and every the stipulations, agreeme~ts, conditions and cove~ants in sa~d promissory note and ~his mortgage set forth. 9. That in the event the ownership of the rnortgaged premises, or any part tF~ereof, becomes vested in a perspn other fhan the MORTGAGOR, the :'~RTGAGFE, its successors and assigr.s, may, wifhouf notice to the M.ORTGAOR, deal with such succeua a successor in interest with reference fo this ^ o•~gage ar•d the den~ hereby secured in the same manner as wi~h Mortgagor without in any way ritiating d d~scharging the Mwtgagors' (iability he~e- - ~rder or upon fFe debl hareby secured. fYo sate of the Fremises F~ereby mortqaged and oo fabea~an=e on fhe parf of the MORTGAGEE w its successors ~ assigns and no extension of the time fw the paymenf of the debt hereby secu~ed given by the MORTGAGEE or its successors or auigns, atiall operate j ~o re!ease, d,scnarge, modify change or affect the original fiab~Gty of the h10RTGAGOR herein, either in whole w In par1. r 1Q. It is spec~f~caily agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunde~ w of the obligation sr ~ c~red hereby shal~ at "any time thereafter be hetd to be a waiver of. the terms hereof or of the instrument secured herby. ~ 11. In aud.rio~ to the forego'ng monthly payments of pri~~ pal a~d interest required by the prom;ssory nore secured hereby, mortgagar covenants 3~:d agrees to pay to mortgagee with each monthly pay~~~ent an add~rional sum esumated by mortgagee to be equal to i;' 12 of the annual cost of the follow- A-All reai propcrty ta~es levied o~ assessed agai•ist the above described real estate. 6-Prea:~~ms o~ fire and windstorm insuracce as here~n requ~red to be carried on fhe ima~oveme~ts s~tuate on the above described premises. C-Premiuma on such mortgage guaranty ir.wraoce as mortgagee shatl from t~me to tirne deem fit to carry on the loan secured hereby. blortgaoee sha!i !rcm time to time notify mortgagor in writinq of ihe amount due and payable hereundrr and such su:n shall thereupo~ be due and ..~h~e on the due date of thP next month:y payment and each successive month thereafter uctil mortgagee shall notify mortgagw of a change in such ount. Such sums sF.ail be applied by mortgagee toward the payment of real propeny faxes, insurance prem;ums, and mortgage guaranty insurance .'~~e~niums. iY Y~ITNESS YYHEREOF, the said MORTGAGOR has hereunlo set his hand and seal the day and year first aforesaid. Signed, Sealed an liver in the presence of: . an ~ a~ (Sean _ Ber ~ SiAiE RIDA ~ ~O'J~:TY OF St• L11C~6 S'S' I Before me perwnally appeared Johnnie B@I'I'SI a~ T(1@11 $gp~p his wife, to me weil known and known to me to be individuals desuibed in and who exccuted the fwegoing instrument, and atknowledged befwe me fhat they executed the sartK for the -purposes . ` i rherein expressed. And the said_ IC~@u B61'1'~ ~e of the said _ JO~'1I1T1~@ ~@I'I'V upon a saparate sod priv~te ~~~am~nat~on by me taken separate and apart from her said husband, acknowiedyed to and before me that she exetuted said irtstrwtient;{reely.and volvo- ~i ~y•uy and w~thout any compulsion, constraini, apprehAen~s+;or~, o? fear of a f~om ber said Fwsband. ` WITNESS my hand and official seal this ~L .7 ~ day of A11 `A~D. l9~ . No ry Publit +n a f the Ststa of'Flwii}i at'I.arge - My Comm~ssion expire . Return To: . 3- a,- ~S . First Federal Savings 6 Loan Associatian ' . , Of Fort P~erte. ' ' ' Fo~t P~erce, Florida f~~EO RECOROEO gt. LUC~E ~OL'MTY FLA. ~ ROGf P ~OtTR~S CtE~K E~'~~~lT COURT Thi~ Instrument Prepared By J. H. ROb~~~ ~dr; ~ED First Federal Savings & toan Association ~~p 2 29 PH ~~Z of Forf Pierce ~ Florida O Checked By~/ ~~5~, BOOK~~ Pa6E~0~ ~ ~ a ~ ~ _ _ _ _ _ - - ~ _ _ . ~ .