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HomeMy WebLinkAbout1125 3. To p~~ce and cont~nuo~sly keep on tha bui'dings now ar hereafter ~itu~te on sa~d land and on all equip~nent and perso~ally covered by this mo~ n9e, w:ih all prc~n~vms thereon pa~d in full, fire insurance in the usual srand~~d poiicy form, in a sum auproved bY ~he MOR~CaAGEE, and windsto• ;~s~ra~ce in fhe usval staniiard pot;cy ~o~m, i~ a sum approved by the MORTGAGEE, in such con,pany or co~npan~es as the MORTGAGEE m dnrct; an~ alI lire and w~ndstorm insu~ance po~~c~es on aoy of said buitd~ngs, any interesl therei~ or parl thereof, in tne aggrega~e sum afaesaid in excess ~hercwf, sl:all :~ntain the ~sual s~andard mortgagre cia~se or such other clause as ?he Mortgagee may requ~re, making the loss under sa+d po c~rs, each and every, payat~!e ~o aaid h10RTGAGEE as ~~s imerest may appear, and each and every svch po~~cy shall be p~omp~ly ass gned and deliverzd + any held by s.~~J NORiGAGEE as fu~~her security to aaid mortgage debt, a~d, not less tha~ ten ~10) days in sdvance of the exp~ra~ion of each polity, to d~ t.vr~ to sa~d MORTGAGEE a renewal thereof, ~oge~her wi~h a rece~pt for the prem~um of such renewal; and there sha~f be nc f~re or winds~onn insuranc placed on any of said bui!d~ngs, any ~nterest there~n o~ part thereof, unless in the form and with the toss payable as aforesaid; and in the event any sun of enoney becornes payab~e undtr such polity or poGcies said MORSGAGEE shall have the opt~on lo teceive and app!y ttie same on atcount of the indzbted n~~ss sec~rrJ hcr~by or to permil sa~d MORTGAGORS to receive and use it w any p~rt th?:eof to~ o:ner pur_oses, ~•.~~~~out thr.aur .va~vin~ e+ n,~pa~r ~~~y any equny, I:en w right under w by virtue of this mc:'gage; and in the eveM sa:d MORTGAGORS shall tor any reason tail to keep the said premises so nsured, or fail to det~ver pro~npt:y any of said pol~cies of inaurance to sa~d MORTGRGEE, or foi: promptly to pay iuity any pre~~~~um therefor or in a~y re;p~ct iail ro perform, d~scharye, execute, effecl, comp~ete, co~iply wi~h ar.d abide by this covanant, or any part hareof, said MORTGAGEE may piace and = for such insur.,nce or any part ~hereof w~thout waiving or affeding any option, tien, equ~ry, or right unde~ o~ by virtue of this Mortgage, and the r~u a,novnt of each and e~ery suth paymero shall be immediately due and payable and ahall bear interest from the date thcrcof until puid a1 the rate ol p~,r c~~nr~m per annu:n and to~ether with such ~nterest shaN be srcured by the lien of Ihis mortgage. d. To permit, co~nmit w sufter no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attor~ey's fee and costs of abst~acts of title, i~tvrred or paid at ~~y tin:e by sa~d h10RiGAGEE, because or in the event of Ihe (ailure on the part of ~he said MORTGAGOR to duly, promptly and fully perform, d~uharge, •..•_wte, effeU. complete, comply wdh and ab:de by eath and every the s~ipula~~ons, agreemems, tondit~ons, and covenants of said promissory note and this ~rfgage any or enher, and sald costs, charges and expenses, each and every, shall be immediately due and payable; whether a not there be notlce dr .,~,J, atte~~~pt to cotlect or suit pendmg; ared the full a~nount of each and e~ery such payment shall bear interes~ from ~he date thereof until paid a1 the o' ,:;ne per centu~n pdr en~~u:n; and all said costs, charges and exprnses incurred or paid, together w~th such interest, shall be secureei by the lien of thi~ ~~,ortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa;d sums of money F: rein referred to be not prc~:~ptly and fully pa~d within thuty (30) days next atter the same severa:ly become due and payabte, without demand or notice, :r :,c) in thr event each and eve~y the stipu:ations, agreeme~ts, co~ditions and covenants o1 sa:d promissory note and th~s mortgage any or either are not 1.,.y, promprly and fully performad, d.scharged, executed, effeUed, completed, complied with and ab~ded `~y, theo in e~ther or any such eve~t the said ag •~3are sum menr,oned in sa~d pronussory note then remaEning unpaid, with interest accrued, and atl moneys secured hereby, shall betome due aod pay- ac, = forthw:rh, or thereafter, at the option of seid MORiGAGEE, as futly and completely as if all oi thr sa~d sums of money were originally s~~Nulated ~c t~r pa~d on u~ch d~y, anythmg in sa:d p~omisswy note or in this Mortgage fo the tontrary notwithstanding; and thereupon or theretfter at the option of s•<i MORTGAGEE, w~thout nonce or demand, suit at law or i~ equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby d mar~red pr.or to As institution. 7_ That in rhe event ~hat at ~he beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, o? to enforce i.,ymem of any claims he~eundzr, said MORTGAGEE shall apply to the Court having junsd~ction thereof fo~ the appointmem of a Receiver, such Cour1 shall r: •hwiih apFomt a receiver of said mortgaged property all and singular, indud~ng ail and singular the~intonw,•profits, issues and revenues (rom whatever ~::e drrived, ea.h and every of wh~ch, it being expressly understood. is hereby mortgege(!,~} if spec;f~~ally ~et foAh ~aAlf:de~uibed in the granting and endwn c,ausrs hereof, and wch Reteiver shall have all the broad and effective funcnons and powers in anyw~s~ ~wfr~isted by a Court to a Receiver, and ~ s_h appcin.menr shau be made by such Court as an admitted equity and a matter of absolute right to said MbRiGAGEE, and without reference to the -!-a:,acy or inadeqvacy of the vaive oi the prope~ty mortgaged or to the sorvency or inzotvency of said. :dORT(3A¢OR. or tFib deftndants, and that such ,,s: profits, incane, issues and revenues shall be appiied by such Rece~~er ac.ording to the tien w equity of said ~11lORTGAGEE,a~. the p~actice of such Couri. • _ . . 8. To du:y, promptiy and ful!y perform, discharge, execute, effect, complete, comply with and abide by eac~ and every the stiputations, agreements, % i ~~ditions and covznants ~n sa~d promissory note and this mortgage set forth. 9. That in tha event the ownership of the mortgaged premises, or any part tt~ereof, becomes vested in a person other than the MORTGAGOR, the :'~RTGAGEE, its su:cessors and ass~gns, may, without notice to the ~!ORTGAOR, deal with such successor w successor in i~terest with reterence to this _~igage ard the d_b~ hereby secured in the same manner as with Mortgagor without in any way vit;ating or d~scharging the IAortgagors' liability here- , ~,r or upon she deot hereby secured. No sale of the Fremises he~eby mortgaged and no forbearance on the part of the MORTGAGEE or its successon ~ c• ass~g~s and no exrens~on ot the time for the paymerst of the debi hereby secured g~ven by the AM1ORTGAGEE or its successws or au~gns, a~iall operate ~o re~ease, d:scharge, mcd~fy cha~~ge or affect the orig~nal :iao~tity of the MORTGAGOR herein, either in whole or in part. ~ 10. !t is spec~fically agreed that time is of the essence of this contract and that no waiver of any ob~igat~on hereunder w of the obligation se- c_~.d he~eby shali at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secwed he~by. ; I1. in :d:J.t:o.~ to the forege:ng mortthfy paym_nts of p~incpal and interest requ~red by ~he prom:sscry na~e secured hereby, mortga~or covenaNs agrces to pay ro r:c•tgagee vtii~h each month!y pay..:ent an add~rional sum est~mated by mortyagee to be equal to 1; 12 of the annual cost of the follow- A-A11 rcal property taxes le~ied or assessed agai•~st th~ above described real estate. 6 Fr_•~.~vns on fEre ana wir.tlstorm ~nsurar.ce as nerein req~~red to be carried on the ~mproveme~ts s~tuate o~ ihe above d=scribed premises. C-Prc~~~u~~ s o:i such mortgage guaranry ir.surance as mortgagee sha~l from t•me to time deem fit to carry on the loan secured hereby. ~ Rlor.gaoee s~~'! `•c:n r~~,e to t~~ne no~~fy mortgagor 1r. writing of the amouot d~e and payable hereundrr and such surn shall thereupon be due and ~ .,b'.e o~ rhe civc, c:~~~~ of the next month:~ payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such f ~>,;nt. Such su ^s sha i ~e app!ied by mortgagee toward the payment of real property taxes, i~surance prem:ums, a~~d mortgage gua~anty insurance ~ , •~•^~iums. N\'~ITPiE55 '.':HEREOF, the sa~d MORTGAGOR has hereunto set his ha~id and seal the day and year irst aforesaid. gned, Seal ar~ ~d~ ed in the presence of: ~r"tL~~' (Sea4 G omas C. Locke (~,q ~/~yt_, n 1 ; rl~ .f s_' (~aq r-~- I~mri Locke ~~,q ~~~iE OF ftORIDA ~ St. LLiC].e =_;l1'dTY OF _ ( Before me persona:ly appeared Thomas ~i • IACiC6 and L?nn I+~C~C@ his wife, to me well known and known to me to be : ind~vlduais described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes ~hc~ein expressed. And th~ s~~a_ Lynn LOC1C@ =c of tha said ~1OII13S ~i. Loeke , ~p~ a separata and private •:•~:natlon by n,e taien separate and apart from her said husband, acknowledged to and beforo me that she executed said instrument freely and volun- a~~d v.~thout any compulsion, constraint, apprehensio fear of or from her said husband. ~ W~TriE55 my hand and official seal this_ ~ day of Atl llSti ~ p. ~q 72 ~ ~ ~ Notary Pu in and for the State of Fbrida at large - My Com. ~on expires: ~ / 4 ~ ,j'- t ` Return To: ~ ~ f'ust Federa! Sa•.~ngs S loan Association NOTARY PUSlIC STATE OF FLORIbA AT URQE o~ F~~f P~-ce MY COR"~dISSION EXPIRES AUG. 6. 197~ ~ ~ GENERAL INSURANCE UNDERWRITERS, Itr6 FGrt P:.'•:t'. FIOftC~3 . ~ • ' : ~ ' . ' F LEO AND RECpRpEO . . ~ - . lUC1E COUNTY fLA. ~ ~ , r ~ _ . . ROCER POITRAS 1t~ This Instrument Prepared By J.` H.' ROb~~. :Jr.~- ~ CLERK CtRCUtT COURT First Federal Savings 8 Loan Association - : RECORG V~R~r~EO 1 or Fart Pierce ~ Florida , ~ J_ ~ ` ~ 15 II 13 AH'71 ; . Checked BY " ' . " . 238098 800K ~06 ~,~~f 1122 _ - - - - - ~ F~ - ~ -t-...