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HomeMy WebLinkAbout0618 3. To place and continuously keep on the bui!d~ngs now or hereaiter aituate on said land artd on a1S equipment and persona~ly covered by thia mw ege, w:~h a!1 ~renvu~,s thareon pa:d in full, f~re insurante in thc usual sra~~a~d poi~cy fo~m, in a sum a~,proved by the MORiGAGEE, and windsro ;n:urancr in ~he usual arand.,rd poi:cy iorm, in a sum approved by ~he MORTGAGEE, in such tompany o~ compan~ea as the 1.10RIvAGEE m d~rect; and all fi~e and w~ndsto~m insurance polic:es on any of said build~~+gs, any interest therein or part thereof, in the aggregate sum aforosaid in eacess th~reo(, shalt :ontain rhe usua! s?a«da.d ma~g~gee dause or such othcr clause as the tilortgagee may requ~re, maAing the Iws unde~ sa~d po c:es, each and every, payab!e to said h\ORTGAGEE as imerest may eppear, and each and eve?y suth po!~cy shall be promptly ass gned and de:ive~ed i any held by sa~d N,ORiGAGEE as (unher security to saicf'mortgage dabt, and, not less than ten (10) days in ad~ante of the expirafion of each policy, to de i.ver to sa~d MORiGAGEE a renewal thereof, together with a receipt for ~he premium of such renewal; and there shall be no f~re or w~r~dswrm insuranc ~;laced on any of sa~d bui!d~~~gs, any interest there~n or part thereol, untess in fhe fo~m and with the toss payabte as aforesaid; and i~ the event any sun of rnoney beconies payab!e unde~ such policy or policies said MORTGAGEE shall have the opt~on to receive ar.d app!y the same on accowi~ ot the indebted ne:s secu~ed he~cby or to prrmil said MORTGAGORS to reteive and use it w any pa~t th~:sof io~ o:h~,~ pwposrs, .v~ihoot th~..o~ ~xaivi.~~ ot nnpa~r ~ng any equ~ty, tien or right und~r or by virlue of this mo:•gage; and in the eve~t sa~d MORTGAGORS sha!I 'or any ~easo~ fail 1o keep the said premisea so ;nsur~~d, or fail to de~~ver prompt~y any of said poGcies of insu~ance to sa~d MORTGAG£E, or fail prompdy to pay f~ily any prem~um Iherefor w in a~y respect fail to pe~fo~m, d~scharge, execute, elfect, co~nptete, comply with and ab;de by this covena:~t, or any part hareof, said MOR7GAGEE may piacr a:~d p.+y (oa such insu~ance o~ any part theseof without waiving or affecting any oplion, lien, equ~ty, o~ r~gh~ under or by viitue of this Mor~gage, and the f~ V amount ot each and e.ery such paymeM shall be immediately due and payable and shatl bear intetest from the uate thereof until paid at the rate of ~;ne F:er ten~u~n pcr ann~m ~nd to~eth.rr with s~ch inter~st shaii t~e setwed by )he lien of Ihi3 mottgage. -2. ]o permit, commit or suffer no waste, impairment or deterioration of said property w any part lhereof. S. To pay all and singular the costs, charges and ezpenses, ~nctuding a reasonable atlwney"s fee and costs of abstrads of title, incurred or paid at any i6ne by said MORTGAGfE, because or in the eveM of the (a~lure on ~he part of the said MORTGAGOR to duly, promptly and fuity perform, d~scharge, :.e;ute, effect, to~np;ete, camply w~th and ab:de by eath and eve?y the stipvlatwns, agreements, tonditions, aod tovenants of said pro~nissory note and this ::orryage any or e~iher, and sa:d costs, tharges and expenses, each and every, shall be immediately due and payable; whether or not there be notice do- ~„ond, a:te~npi to co!lect or suit pending; and the full amouM of ea.h and e~ery such paymem shalf bear intr~est from ~he date thereof until paid at Ihe • r~ o~ n~ne per centum per annv~r, anc al! said costs, charges and eapr~ses i~turred w paid, together w~th such interest, Shall be setured by the lien of ihis mortgage. 6. That (a? in the event of any breach of this Mortgage or defautr on the part of the A1pRTGAGOR, or ~b) in the event any of satd sums of mo~ey h~~rein ieferrad to be not promptly and fully paid _vrithin ehuty (30) days nex~ afte~ the same seve~a;ly become due and payabte, without demand or notite, ~(c) in thr event each and every 1he stipulations, agreements, cond~tions and covenants of sa d promissory note and th~s mo~tgage any or ei?her are not ~u!y, promptly and iuliy performed, d:scharged, executed, eifected, completed, compl;ed with and abided 5~, then in e~ther w any such event the said ag a~_gatr sum mennoned in sa~d pron,issory note then remaininq unpaid, with imrre~t accr~ed, and ait mo~eys secured hereby, shell become due and pay forihwith, or rhercafter, at ~he option of said MORTGAGEE, as tu(ty and complere~y as if all of rhe said sums of money were or,ginatly supulated r,% i:c pa d on suth d:,y, anything in sa.d p~orcissory note or in this ARortgage fo the conrrary notwi~nsrand:ng; and thereupon w thereafter at the option of s~ d A40RTGAGEE, w~thcut not~ce or demand, suit at law or in equity, theiefore or thereatter begun, may be prosecuted as if ail moneys secured hereby n.,;i n:ar~red pnor ro ~ts institunon. 7. Thai in ~he event ri~at at fhe begir.ning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce ;r~~ment of any da:ms hereunder, sald 610RTGAGEE shall apply to the Court having jur~sdic~ion thereof for ~he appo~ntment of a Receiver, such Court shait i~~sh.vith appc~nt a receivEr of said mortgaged property a!f and singular, includ,rtg all and singular the income, profits, issves and revenues irom whatever z ~rce de~ived, e~ch ar,d every of wh~ch, it be~ng expressty undersiood, is hereby morTgaged as if spec;fically set forth and deuribed io the gra~ting and '~bend~m da~ses her:of, and such Receiver shall have ail the broad and effenive funct,ons and powers in anywise ent~usted by a Coun to a Reteiver, nnd >-h appointmei~t shjll b~ made by svch Court as an ad~nitted equity and a malter of absolute . right to said MORTGAGEE, and without reference to the ci_y.,acy or in3deqvacy of the value of the property mortgaged or to the sowency or insolvency o( said MORTGAGOR w ihe defendants, and thaf wch -•~rs, profits, inco.ne, +ssues and revenues shall be applied by ~uc6 Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such C ~ urt. 8. To du;y, prompt:y and iu:ly periorm, discharge, execute, effect; complete, comply w~rh and abide by each and eve~y the stipuiations, agreerr.ents, ondit~ons and ccvenams in sa~d promissory note and this mortgage ser forth. 4. That in the evcnt rhe owr.ership of the mo~tgaged premises, or any part the~eof, becomes vested in a person other than the MORTGAGOR, the :`~RTGAGEc, its svccessors and asvgns, may, wi~hout nmice to the h10RTGAOR, deal with such successw or wccessor in interest with reference to this ~'o~rgaqe ar.d the d_o1 he~eby secured in the same manner as with 1~Sorrgago~ w~thout in any way vit~ating or d~scha~geng the Morfgago~s" liability here- der or upon the debt hereoy secured. No sale of the premises hereby mortgaged ar.d ~o forbeare~ce on the part of the MORTGAGEE or it= successors c• ass~g~,s and no exrens~on of the hme for the payment of the debt hereby secured given by the MORTGAGEE or its wccessors or assigns, ai~alt operare ro re~ease, d~scharge, madify change or affect the o~ig:na! liau;l~ry of the MORTGAGOR herein, either in whole or in part. 14. It is sprc~fically agreed that time is of the essen~e of this contr~d and that no waiver of any obtigat~on hereunder or of the obligation se- c, rcd hereby shalt at an~ time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11 . In ,:dd t:o:i to the forego'ng month!y payments of prioc pal and interest required by the prom~sscry nore sewred hereby, mortga~or covenants +.,i ag~•.es ro p.~y ro n:o-tg~gee ti.irh each mon!h!y pay~.:ent an add,rional s~m est~n,ared by mortgagee to be equal to 1, 12 of Hze annual cost of the follow- A--:.II r~al ~.rcperty taxes levied o~ assessed ag~i~~s~ the above described real esrate. 6 Frr:.~. ~~s en f~r~ ar.d windsrorm insuracce as here~n requ:red to be carried on the ~mrroveme~ts sitvate on the above d_sa;bed premises_ C-Pr~:.;;~:r.s o~ such mongage gua.anty ir.surar.ce as mortgagee shall from. t;me to time deem fit to carry on the toan secured hereby_ hlortqayee s1,a•I ~•o~n t;,n~ to tinie notify morrgagor in writir.g of the ameunt due and payable hereundrr and such sum shall thereupon be due and ,b!e on th_ due ci: fe of the next month:y payment and each successive month thereaft~r urnii mortgagee shatl notify mortgagor of a change in such • ounr_ Such s~ ns sha:f be tied by mortgagee toward the payment of real properiy taxes, insuran~e prem:ums, and mortgage guaranly insurante ~ erniums. ~ IiNESS ' V he sa~ ORTGAGOR has hereunto set i~is hand and seat the day and year firs wesaid. ` j 5~9ned, detivered the preserue qf: /r-'` ~o~ L n ~as ~ ~a~~ • ~.,r.a~e--.,c ~ / ~tI1@SS (Seal) An . Lucas cseaq ' S~:,7E OF F10RlDA ~ ~JU'JiY Of ' IIr~C~ ~ I Before me personalty appeared Lyn Lueas and ' _Ann W. Lucas ~ his wife, to me well known and known to me to be j ±h ~ ind~Y]d~ats described in arcd who executed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes i nc~re+~ expressed. And the said_ AIlll W• Lueas `e of the sa~d _ j. n Lueas u a separate and privats ~ i~,:r.at;on by me taken separate and apart from her sa' husband, acknowl~dged to and befo~e me he executed sai mstr ero freely and volun- =~~y and w~tho~t any compubion, constraint, apprehen n, or fear of or from her aid husba WlTNESS my hand and offic~al seal this day of 'iA. D. 19 72 ./t~----~~ ! ary ub ic in and i the. t of florida at large My mmission expires: Return To: F;rst Feoeral Sav~ngs 3 loan Association NOTARY P C, STATf M FLQRIDA 8i LAFi6E o! =o~r P c~ce. MY COMMISSION EJ(PIR~c OCT 14. 1974 / E30N~ED THHOUGN FHED W. p1E,5'7EIHOHSi Fott P~_~r~e, Fier;d3 23'~691 . ~ rilEa ~r~-~ kEGO~pE ~ Th~s Instrvment Prepared 8y: Richard K. Kayes 51.lliC~~ ~~uliTY f4 , ~ s ROGEi P~ITR~~ ~ . - ` First Federal Savings & Loan Associafion ~ CLERK C' ~:...1;T COUIIT R of Fort Pierce ~ Floxida 33450 ~ Rf C04~ VE~ D~~„~ . _ ? ! Checked By S~' 8 2 0~ PN ' E f ~ $oox ` ° ~ 206 617 r ~ Ih~ ~ ~ ~ _ ~ ' ; - ~".~°.~~~-~'i~."s~. r. - ~