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HomeMy WebLinkAbout0409 r 3. To p:ace ar,d co~~~nuo~sly keep on the bu~!d~ngs now or hereafter ~+tuate on sa~d iand and on al~ cquipment and persona~ly covered by this mo~ a~a, w.rh all premwmi ihrreon N~'d m iuii, (~re inw~anca ~n the us~al standard po!icy (orm, in a su~n aHproved by tha MORtGAGEE, and windsto ~nsurance in thr usual s~a~~J,,.d pol.cy ~o~m, in a sum app~oved by the MORiGAGEE, in such company or CompaniCl as the MORiGAGEE m d~ieu; and all fire and w~ndstorm insurance poliuas on any of said build~ngs, any interest therein or part the~eol, in the aggregate su~n aforesaid in extess Ihereof, Shdll :Jntuin the us~al standa~d mori9agee clause or such other clause as the Mo~tgagee may requue, maAing the loss under sa~d po - aes, eath and every, pay~5:e to said ~~\ORTGAGEE as ~ts intcrest may appear, and each and every such po:it/ shai~ be p~umptly ass g~~ed and del~vared ~ any h~ld by sa~d h10RfGAGEE as (~rtha~ security to sa~d niortgage dabt, and, no~ less than 1en (10) days in ad~ar.ce of the ea~.uaUOn o1 each pollty, to d. ;.Yer to said h10RiGAGEE a rrnewa~ lhereoF, together with a receipt for the premium of such renewa!; and ihere s~wil be no i~re o~ windstor~n inwrant pijced on any o( sa~d bu~!d~~~gs, any inrcrcat lherein or part thereof, unleas in the form and with the loss payabte as aforesaid; and in ~he eveM any sun of money betomes payable under such policy or pot~cies sa~d MORTGAGEE sfial{ have ~he opnon ro receive dnd app!y tne sau~e on account o( the indabred n~•ss secured hereby or fo permit Sa~d MORTGAGORS to retciv¢ and uSe it or any part thr.eoi tor oti~~ r purp ~srs, ~'~:ti~o~t th~n f w. ~v~ ~3 onp~~~ ~ng any equ~ry, I~en oi r~g1,t under or by vir~ue of ~h~s mcc~gage; and in the evem sa;d MORTGAGORS si~all Sor any reason fail to keep the sa~d prem~ses so nsured, or iail to defiver pro~nptly any of said po~~eies of insurance to said MORTGAGEE, or f~i! prampriy to pay fu;;y any pre~»~um therefor or in a~y respect fail to per(orm, d~scharge, execure. effeu, comp~ete, comply wirh and abide by this coven,~n1, o~ any pan hareof, sa~d MuRTGAGEE may piace a~~a p~,~ for such insur.,nce or any parl ~hereof without waiving or a(fecling any opt~on, tien, equ~ty, or ri~ht unde~ or by virtue of this 6lortgage, and the +~il ameunt of each and e~ery such paymem shall be immediately due and payable and shall bear interest from the dale thereof until paid at the ~ate oi •~:~:e per centum per an~um .,n~ to~c~h.~r wi~h such interest shaii be srcured by the lien o( this mortgage. A. To permit, commit or sufle? no waste, impairment or deter~oration of said property or any part thereof. 5. To pay all and sing~lar the costs, charges and eapenses, including a reasonable attorney's fee and cosis oi abstracts o! title, incurred or paid at ~~y ti~r~.e by s~~d MORIGAG:E, because w in the event of the ia~lure on the part of the said MORiGAGOR to duty, prompHy ar.d fully periorm, d~scharge. _•:-cute, rffett, con.plrte, to•nply wrth and ab:de by each and every the stipulanons, agreements, tonditions, and covenants uf said promissory note and this -:o-rgage any or e~:her, and sa'd coats, cha~ges ard eapenses, each and every, shall be immediatety due and payable; whether or not there be nor~ce dP ~n,,nd, atten,pt to coiiect or suit pend~ng; and ?he full amount of each and every such payment shall bear interest from the date thereof umi{ paid at the r r u% ~une pc~ c~•r,;,,~n f:.:r an„wn; en~ aU sa~d costs, charges and rzpe~nes inturred or paid, together w~th such interest, shait be secured by the lien of this mortgage. 6. Tha~ (a) in the event of any breach of ~h~s Mortgage or default on the part of the MORTGnGOR, or (b) in the event any of sa~d sums of money t~,~~re~n ~efe:~ed ~o t~ ~~ot promptty and fully paid wiihin ~n~~ey i30) day: next a~te~ the same severa'ty become due and payable, without demand or nofice, o~ ~c) in thr event ~ach and every ~he stiputat~ons, ag:eements, conditions and covenanrs of sa.d promissory note aod th~s mortgage any w either are nol ~~;y, promptly ar.d iu~ly performed, d~schasged, executed, effected, completed, compGed wiih and a6~ded Sy, then in e~ther or any such event the sa~d ag ~r.-~ate sum mens~ont~ in said promissory note then ramaining unpaid, with interest accrued, and ail moneys setured hereby, shal! betome due anal pay- ro.~ forthwith, or ther~arter, at the opr{on of said MORiGAGEE, as iuNy and completely as if aH of ~he sa~d w~TS of money were or~ginnlly st~puiaied ?o t~e pa:d on such d~y, anyth~ny in sa:d pro~nissory note or in this Mortgage to the contrary not,~vithstand~ng; and thereupon or theceafter at the opt~on of s•_f P.'•ORTGAGEE, witha~t not~cr or demand, suit at law or in equity, the~efore or thereafter begun, mav be prosecuted as if all moneys secured hereby r_:d matured pnor to ds msl~tvHOn. ~r~. _ r . _ . , ~'i1C' .I! 7. Thar in the event that at the beginning of or at any time pe~ding any suit`upon this~{ii~ o foreclose it, w to re~orm it, or to enforce ~.r~ment of any claims he~eunder, satd MORTGAGEE shall appty to the Court h~i~, ~rlsd~c~~~her . q~e~ P ~~~t of a Receiver, such Court shall rcr~hwirh appo~nt a receiver of said mortgaged property all a~d singular, includmy all ~na'smgul ~1] ~j9 rof s es,and reven~es from whatever scurce drrived, each and every of wh!ch, it bemg expressty understood, is F.ereby mor~~ag~d el~3p tTRc~~~iM~a~described in the granting and h.,9,endum da~ses herecf, and such Receiver shall have all the broad and effectivQ funct~ons and ~powers ~n:ZnywVe~eatr~6t~y a Covrt to a Receiver, and s_ch appoi~,ment shau bc made by suth Court as an ad~nitred equity and a matter of absolute r:ght to ~said MORTGAGEE, and wifhout reference to the ac;-~,~uacy or inadequacy of the value of the properry mortgage<i or to the sotvency or insoivency of said MORiGAGOR a the deiendants, and that s~ch ,rs, profits, inco,ne, issue; and revenues shall be appjied by suth Receiver according to the lien or equity of said MORTGAGEE and the pracr.ce of such Court. • 8. To du!y. promptly and fully perform, discharge, execute, eficct, complete, comply w~th and abide by each and every the stipulations, agreements, - zndit~ons and covenants in sa~d promissory note and Ihis mortgaye set forth. 9. That in the ever.t the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :~RTGAGEE, its s~ccessors and ass~gns, may, witho~t ~once to the MORTGAOR, deal with such successor or successor in interest with reference to this _ c tgage anti :he d_b1 hereby sewred in the same manner as with Mortgagor without in any way vitlating er d~scharging the Mortgagors' liability here- • drr or upon the debt hereuy seci~red. No sale of the premises hereby mo~tgaged and no imbearance on the pan of the /hORTGAGEE or its successors ass~9~~s and no exre~s~on of rhe time ~or the payme~t of the debt hereby secured given by the MORIGAGEE or its successors or ass~gns, afiall operate o re!ease, d~scharge, modify change or aFfec? the origmal Iiab~Gty of the MORiGAGOR Aerein, either in whole or in parL l~. It is sperfica('y agreed that t~me is of the essence of this contract a~d Ihat no waiver of any obl~9at~on hereunder w of the oblgation se- _.:•~~d hereby shal: at any time there~lter be he:d ro be a waiver of the terms hereof or of the instrumeN secured herby. 11 . In ,;dd,~:c~ !o the iorego ng month"Y paym:nts of pri~c pal and interest requ~red by the prom sscry no!e secured herebi, mortga~or tovenants •_i ag~ets to pay to ~~.o~tgagee s.~th each mon!h'y pay~.lent an add~:ional sum est~mated by mortgagee ro be equal to 1,' i2 of the ann~al cost of the follow- A-AI{ real prop•~~r;~ raxes (r,~~~ or assessed aga~•:st thc above describ~d real estate. ' 6 Fr:~,:~u ns o~ f;re and v.indstcr~.~ insurarce as nerein requ~red to be carried en the imrroveme~ts rt~ate on the above d_suibed premises_ C-Pre~~.~u~~ s on wch morigage gvaranty ir.sura~.ce as mortgagee shail frorr t~me to time deem fit to carry on the loan sec~red hereby. P.Sotigaqee sh,'i from ti,ne to t~me ~oNfq mortgagor in writing of the amount due and payable hereundar and s~ch su~~ shoii thereupon be due and , ..:b~e on th~ cl,,e da~e of the next n:omh:y pay~nent and each successive month fhereafier uatil mcrtgagee shall not~fy mortgagor of a change in such ,,,nt. Such s~,ns s~e:V Le aµ~:'ied by mortgag•:e roward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ' . ^~~iums. ~ ° {N ~11TNE55 ::HER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first ~q~esa~ [ -1 Signed, Sealed and dqf'y~ered in the presence of: n ~ ! f,~/c.~' ll~i'f!/.~-l/Y~ ~ ~ Carl 1aclS n ~ ($eaq ' T/r !~i?6[_ ~ I Q~[`'C~a'~^~' (Seal) Marie D. Jackson ~~ai~ =;~TE OF FLORiDA 1 St. Lucie ~ :::;U'~iTY OF - - ~ Before me personally appeared Carl Jaekson and _ _ ~a rle Jaekson his wife, fo me well knovvn and known to me to be individua(s described in and who executed the foregoing instrument, and acknowiedged before me that they e:ecuted the same for the purposes !~crein expressed. And the said_ Ma 71e Jaekson ' :.:ie of the sa~d _ Carl Jackson ~ P P• u n a se arate and rrvate •.~m;natron by me ts4en separate and apart from her said husband, acknowledged to and before me that she executed said instrument fre@ty ~and voluo- { y and w~thout any compulsion, constraint, apprehen on, o fear of or h her said husband. • ~ WITNE55 my hand and off~dal seal this_ ~ day of $e tember ~~~A..D. 19 72 1 ~ ~ ~ / Notary Public in and for the ate of at La~ge _ ~ My Comm~ssion expires: R~ RI~ _~E ~ FLOb~A ; L~ Refum To: ~ ~MAR{SSI~T~~D(PIRES 9EC..':. : ~ First Federal Savings 3 Loan Association BonOed 7Arv OenerM Ipsuqnc~ tinb~, Of Fort P ~:c~ J Fort P~c:ce, f~or;da / ~ g ~ / " ~ f~~~ ar+~ f~c~ROED ~ This Instrument Pre ared B RiChard K. Ka es ST_LUC~< <~;,ur.ir F~A. P Y Y ROGt~ • ~,~=~AS ( ~ First Federal Sav~ngs & loan Association CI~~K ~ COURt of Fort PiercQ,Florida q~t;~:ryr~ ~ Checked By~_-____- - S~ v 5$ 1 H~7[ z3~sso BOGK PAGE ~UO is : - - ~ ~ : ~y _