Loading...
HomeMy WebLinkAbout0247 3. To ptace and continvously keep on Ihc bui!dinys now or heraafter S~tuate on said land and on ali e~uipmem and personally covered by fhis mor ege, w:th all prem~ums lheieon pa:d in full, iire insurence ~n the usual s~a~xlard policy form, in s sum a{.pro+ed by the MOR~G~GEE, and windsto ~nsurance in ~he usuat awnda~d pot.cy (onn, in a sum approved by the MORTGAGEE, in such co~npany o~ compan~es as the AtORTGAGEE m d~rect; and all fire and w~ndstorm insurance policies on any of said build:ngs, any ineerev therein or part thereof, in Ihe aqg~egate swn sfaesaid in excess thcreof, shali ;ont,in the usual sta~~dard mortgagee clause or such othe~ daust as !he Mortyagee may reqwro, making Iha loss under sa~d po c~~•s, each and every, pa;a~!e to said A10RiGAGEE as ~ts interest may appea•, and each and every such po~icy ~hall be promptly ass gned and detive~ed ~ any F.old by sa~d AtiOQtGAGEE as Furihzr security ~o said mortgage debt, and, not less than ten (10) days in ad.ance oi the explrat~on of each poGCy, to d~ l~~er to sa~d rdORTGAGEE a renewat thereof, together wiih a rece~pt for the premium of such rene~aF and thero shall be no i~re or windsterm inswanc placed on any oi s~~d build~n~s, any interest therein or part thereof, unless in the form and wi~h ~he loss payab:e as afo~esaid; and in the event any sun of money beco~nes payable ~ndcr wch po:ity or poGcies saiJ MQRTGAGEE fhall have ~he opt~on to recrive ~nd apply the same on accounl of the indabtrd ncss sewred h~rc:by or to permrt said MORTGAGORS to reteive and use il w any part the:eof ior o:n,•r pur; oses, v:~tirout th ~r, u~ waivin3 cr unpart ~ng any equ~ty, licn or r~ght undz~ or by virtue of this mortgage; and in the eveM sa~d MORTGAGORS shall :or any rcason fail to keep the said premisra so insu~ed, or fail lo drl~ve~ pro~nptly any of said policies o1 insurance to sa~d MORTGAGEE, or f~i! p:omptly to pay fully any pre~ni~m therefor o~ in a~y iesp~c~ iail te perform, d~scha~ge, eaecute, effeU, comp~ete, comply wirh and abide by this covenant, o~ any part hereof, said ~dGRTGAGEE may piace and pay for wch insvr,~nce or any part thareof w~thout waiving or af(ecting any option, lien, equity, or r~gM under or by virtue of fhis Mortgage, and the f„li amount oi each and every such paymrnt shall be immediately due and payable and shall bear interest from tha date thereoi until paid at the rate of r~~r~e per cenium per annum and to~e~her with s~ch inrrresf shali be srcured by tha lien o1 this mortgage. d. To permit, cornmit or suffer no waste, impairrtient w det•~rioration of said p:operty or any part thereof. - 5. To pay all and singular the costs, charges and expenses, including a reasonable aitorney's fee and :.o:ts of abstracrs of title, incurred or paid at +ny t~~ce by s,~d MORTGAG`.E, because a in the evero of the fa~Iure pn Ihe part of the said MORTGAGOR to duly, promptly and fully pe~(orm, d~scharqe. _~.~wte, effec~, comp;ete, comply wnh and ab:de by each and every the st~pulat~ons, agreements, conditions, and covenan~s of said p~or*~~ssory note and this ,:or,gaye any or e~~her, and sa:d costs, charges and ezpenses, each and every, shall be immed~ately due and payable; whether or not there be notice d0. ~:.and, atte~npt to collec? or suit pend~ng; and the full a~nount of each and every such payment shall bear interes~ from the date thereof un~il paid at the a~ n~:ie per c~ntu~n prr an~:u:n; and al! said costs, charges and expenses irxuned or paid, together wrth such interest, shall be secured by the lien of this mortgage. 6. That (a1 in the evenl ef any breach o( this Mortgage or defaull on tF~ part of the MOFTGAGOR, or (b) in the event any of satd sums of mo~y },_~rein referrrd :o be not p~on,ptly and fully paid wirhin th~ity (30) days next aft.:r ~he same severa:ty becorne due a~d payabie, without demand or notice. er ;c) in rhr event _ach and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any or either a~e not ~~;y, F;ro:nprly and i~~ly performed, d.scharged, executed, effeded, completed, compGed w~th and a6~ded 5y, then in e~ther w any such event the said ag ,;~egah wm menfioned in said promisso:y note then remaining unpaid, with intere,t accrued, and all moneys secured hereby, ihall become due and pay- n:: e forthw~!h, or thcreaftcr, at 1he opt~on of said MORTGAGEE, as fuity aod completety as if ail of the said sums of money were originally stipulated ,o b;- pa.d on such d,:y, anything in sa:d promissory note o~ in this Mortgage to tHe contrary notwithstanding; and thereupon or thereafter at the oplion of s~ d N,ORTGAGEE, w~the~t not~ce or demand, suit at law or in equity, therefo~e or thereaiter begun, may be prosecuted as if all moneys_ secured hereby r,d inatured p~~or to ~ts instit~tion. 7. Thar in the event that at the beg~nning of or at any time pending any suit upon this Mortgage, w to fweclose it, or to reform if, or to enfarce ;-:vment o4 any ti3fms hereunder, said MORTGAGEE shail apply to the Court having jurisd~d~on ~hereot for the appointment of a Receiver, wch Court shall ,::~hvrrt!~ appoint a rece~ver of said mortgaged property aIl and singular, includ.ng a!I and singuiar the income, prol~fs, issues and revenues irom whatever s_•:e darived. eacti and every of whrch, it being expressly understood, is he:eby mortgaged as if speafically set iorth and destribed in the g~anting a~d endum c'.auses hercof, ard such Receiver shaH have all the broad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver, and h appoiniment sh3f1 be made by wch Court as an admifted equity and a matter of absotute right to said MORTGAGEE, a~d 'without referente to the a„cy or injdeq~acy of the value of the proper~y mortgaged or to the so,vency or insoivency of said IdORiGAGOR or the defendants, and that such •s, profhs, inco.ne, issues and revenues shall be appiied by such Receiver accordMg to the iien or equity oi said MORTGAGEE and the practice of such Court. 8_ To duty, prempriy and ful!y periorm, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, ~ndit;ons and covenants in sa~d promissory note and th~s mortgage set forth. 9. Thzt in the event the ownership of the morigaged pren,ises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the : ~RTGAGEE, its successors a~3 assigns, may, without notice ta the A10RTGAOR, deal wifh such successor a successo~ in imerest with reference to,ltiis ~ o•rgage ard the d_ut hereby secured in the same manner as with Mortgagor without in any way vitiating or d~sthargi~g the Mortgagors' liabilif~ here- ier or ~Eon the debt hereuy sec~red. No sa!e of the premises hereby mortgaged and no forbearance on the part of the /dORTGAGEE or its successors ass~~ns and no extens~o~ o( the time for the paymem of the debt h~reby secured given by the MORTGAGEE or its successors or ass:gns, a~~all opetate rc re~ease, d,scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaify ag~eed that time is of the essence of this contract and that no waiver of any obt~gation hereunder or of the obligation sr .~•ed hereby shafV at an~ time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1~. In „dd Gc.~ to the forego ng monfh!y paymen~s of pri~c pal and intrresr requ~red by the prom sscry no!e secured hereby, mortga~or eovenants : ag~ees to p~y ro mertgagee ..ith each month!y payr.;ent an add~cional sum esnmated by mortgagee to be equai to 1;' 12 of the annual cost of the foUow- 3. - A-A!I rcal proporty taxas le•1~e~ or aszessed agaf•,st thc aoove described real estate_ 6 F..:~: ~u•~,s o~ f~re ar.d windsto:m ins~rar.ce as herein requ;red to be carried on the lmaroveme~ts s~tuate on tFe above described premises. C-Pr•_~~:w~rs on svch mor~gage guaranty ir.surance as mo~tgagee shall from. rime to time deem fit to carry on the Ioan secured hereby. ~ :lortgaaee s'~.,'i from r~~r.e to t~me nottfy mor~yagor in wrrt~ng of the amou~t du~ and payable hereunder and s~ch surn shalf thcreupon be due and ~ ,~b!e on th~• e6~~ ci.ve cF ~he next month:y payment and each successive month thereafter urAii mortgagee shall noflfy mortgagor of a change in suth j ~~nt. Such su:r.s s~~a'i !>e applied by mortgagee toward the payment of rea~ property taxes, insurance prem~~ms, and mortgage guaranty insurante ~ . r'miVms. ~ IN \'JITPIE~S '::HER~Of, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ( S~gned, Seated a^d ' ered ' the presence of: ~ ~ ~ ~ ~ al) _ " s` ~ ~-r.r.-~. rSPaO ~ l ~ (Seal) - (SeaQ >;:~TE OF FLORIDA S5. ~.:U'JTY OF _ St. Lucie _ 1 • Before me personafly appeared John W. ~aV15 a~ ~ _ _ Thelma L. Davi s his wife, to me well known and known to me to be j ~I,_ individ,.als described in and who execuled the foregoing instrument, and acknowledged before me that they executed the sSme for the_ppr~wses ~ rF.:,rein expressed. And the saEd Thelma L. ~V 1 S • . r~, ohn W Davis ~ ~ ~ ~ . of the sa:d _ J_ • upon ~a•sg ~Y~fA ~•;m:nar[on by me taken separate and apart from her said husband, acknowledged to and before that she ex uced said i~yshri~ n ~~-~,y and w~thout any compulsio~, constraint, apprehen iop~ or fear of or from her wid husband. ~ U _ ••;~1~`.` 1rViTNESS my hand and official sea) this_ ~ day of t ^ ~ ~ t . ` - s ' _ ~ x ~ ~ ~ ~ • ~'r~~t, i ~ otary Public in and i the State -o~SJo,,.~, ~Q ~'~~,V My Comm~ssion expire : ~ ~ ' ~ Return To: ~ ~ ~ F;nt Federal Savings 3 Loan Association :-~s~•• ~ Of fcrt P.crce. '~~I~~~•••••~~- Fort Pi_~r~e, F1oriUi ~ n (+ECJRUEO ~ FIlEO A'~- ~ Sj. lUC{E C7lf N i Y FIA. 4 ROGf+~ ~~~~RAS ~ CLEa!~ C. :C°tlT C~URT This Inssrurnent Prepared By pichard K. Kayes R~CO~~ ~E~~!-'•f~i First Federal Savings & Loan Association ~ ` ~ ~ 5 3 os PM ZZ F of Fort Pierce , Florida } . i C{I~C~C°C~ BY ~ V~~~V ~ ~ BOOK ~VU P~6f ~4~ j s ~ ~ ; . _ _ _ - - - ~ . ~ a ~ . : ~ ~ .,.cF,f,~- -~:Y~.;~,r~ y v,' x- ~ ~~a-~,.. . .