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HomeMy WebLinkAbout1419 3. To ptace and continuously keep on the bui'd;ngs now or hereafter situate on said land and on a!I equip~nent and personally covered by this mor ege, with all prenuums ~hereon pa:d ~n full, fire insurance in ~hr usuat sta~:dard po'icy form, in a sum aHproved by rhe MORIGAGEE, and windsto ~nsurance in tha usuai standard pol.cy (orm, in a sum approved by the MORIGAGEE, in sucA touipany or tompanies as the MORTGAGEE m dueU; and all lire and w~ndstorm insurance poiicles o~ any oi said bui!d~i~gs, any iNeres~ therein ~r pa~t the~eof, in Ihe aggr~ga~e wm aforesaid in excess thereof, shall contain the vsual s~andard mor~g~gee dause or such othe~ clause as the ldo~tgagee may requ.r~, making ehe ioss undr~ s~~d po d•~s, each and every, pay~5!e to sald ti10R1GAGEE as ~~s in~erest may appear, and each and every such po:~cy shdll be promptiy ass gned a~d del~ve~ed ; any held by sa~d MORIGAGEE as further security ro said mortgage debt, and, no1 less ~han ~en (10) days i~ ad~ance of Ihe expiration oi each poGcy, to d~ I;ver to sa~d A50RTGs1GEE a renewol thereof, togerher with a rece~pt for the premi~m of such renz,val; a„d there sha:~ be no i~re or wlnde~am insuranc p'eced on a~y of sa~d b~ildl+~gs. any i~terest thcre~~ or part thereof, unless in the form and wi~h the tois payable as aforesaid; and in ~he event any s~n of money becomes payable under such polity or poGcies said MORTGAGEE ahalt have the opt~on to rec~~ve ~~~d apply the same on accouN of the ;ndrbtad ness secu~ed hereby or to perm:t sa~d MORTGAGORS to receive and use it or any parl th~:eof tor o:r.~~r p~r;:osrs, •:.~iho.,t ~h_.~o~ ~.;:~.~i~ cr ~~,~p,.~r ~ng any eqvny, Gen o~ ~Ight under or by virtue of this mo:tgage; and in the event sa~d M~~TGAGORS sh~ll :o~ a~iy reason fail to keep the sa~d premisas so ~nsur~~d, o~ fail tu drliver pranptty any of said policies of insuran~e lo aaed MORTGAGEE, or f~i! p:omptly to pay fuity any pre~+>>um thcrrfor or in a~~y iespect iait to pe~(orm, discharge, execure, effect, complete, cornply wilh a~d abide by this tove~ant, or any part hareuf, said MORTGAGEE may plate a~d pay for such insur,,nce or any part thereof w~thout waivi~g or aifecting a~y option, lien, equ~ty, or r~yht unde~ o~ by vir~tie ot this Mortgage, and thc full amount of each and every such payment shall be immediately due and payabte and shall brar interest from the d~te thereof un~i~ p~id at the rate ol ~~~ne prr cenrurn per annum aoc3 to~rth~r ,nith such interest shali be secured by Ihe lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any pan thereof_ S. To pay all and singular the costs, charges and expenses, intluding a reasonable attorney's fee and cosrs of abstracts of title, incurred w paid at ,ny time by said MORiGAGEE, because or in tFe event of the fa~lure oo thc part of the said MORTGAGOR to d~ly, pra~~ptly and fully per(orm, d~uha~ge. _~..~cute, effect, co,nplete, comply w~th and ab:de by each and every the st~pula~~ons, agreemenfs, condrteons, and covenants oi said pro:nitsoty note and th+s ~:arrgage an~ o~ ei~hrr, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether or nm there be not~ce dd r.and, attempt to co~f~t or suit pending; and the tull amouM of each and e~ery such paymero shall bear interest from the date thereof until paid at the ~.•r~~ o~ ninr per cent~m per an~~u:n; and aU said costs, charges and ez;xnses incurred o? paid, togethe~ w~th such in~eresl, shall be secured by the lien of thi~ mortgage. 6. That (a) in the event of any breach oi this Mortgage o? default on the part of the MORTGAGOR, or ~b) in the event any of sa~d sums of money herein refe~red to be not promptly and fully paid within thuty (30) days next after the same severat:y become due and payable, wiihout demand or notice, or {c) in the event each and every the stip~lat~ons, agreements, cond~tions and tovenants o! sa.d promiswry note a~tid th~s mortgage any a e~ther are not july, promprly and fu~ly performz~d, d;scharged, execured, effected, canpteted, compGed w~th a~d ab~ded 5y, then in e~ther w any such event the said ag- ~~rgate sum mentio.~ed in said pro~nisswy note then remaining unpaid, with interest accrued, and aIl moneys secured hereby, shatl betome due and pay ao.c forthwith, or ~hereafter, at the opt~on of sa~d A10RTGAGEE, as fully and completely as ii a~l of the sa~d sums of money were or~ginally st~pulated ro be pa~d on such d~y, anything in sa:d promissory note or in this Mwtgage ro the conerary norw~ihsraRd~ng; and thereupon or thereaiter ai the optio~ of : se.d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereafier begun, may be prosetuted as if ali moneys secured hereby F c_d matured pnor to ~ts instituhon. ~ 7 7_ That in the event that at the beginning of or at any time pending any suit upon this Allo~tgage, or to fareclose it, or to ~efwm it, or to anforce i ;-ayment of any daims hereundc~, said MORTGAGEE shall apply to the Court having ~urisd~tl~on thereof for the appointment of a Receivet, such Cou~t shall } i~r;h.vith appoinl a reteiver of said mortqa9ed property al! and sin9ular, inciud~ng all and singvfar tF.e income, proiits, issues and revenues trom whatever s: ~~ce derived, each ar,d every of wh~ch, it beir~g expressly unde~srood, is F.ereby mor~gaged as if speufically set forth and described in the granting and t,,:~endum cla~ses hereof, and such Receiver shali have all the broad and effective funa,ons and powe~s in anywise enfrusted by a Court to a Receiver, a~d s. ch appointment sha!I be made by s~ch Coun as an admitted equity and a mafter of absoiure rigAt to sa~d MORTGAGEE, and wvhovt reference to ?he .:;e.~vocy or inadeqvacy ot the value of the property mortgaged or to the soivency or ,nso:vency of said MORiGAGOR or the defendants, a~~d that such ~rs, pr~fits, income, issues and revenues shail be applied by such Receiver accord~ng to the lien or equity ot said MORTGAGEE and the practice of such Court. 8. ?o du!y, promprJy and fully pertorm, discharge, execute, effect, complete, comply with a~d abide by each and every fhe stipulations, agreements, :ondirions and cove~ants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ov~nership of the mortgaged premises, or any part the~eof, 6ecomes vested in a per~n pther than the MORTGAGOR, the ~R7GAGEE, irs s~ccessors and assigns, may, wi~ho~t no~ice ro the MORTGAOR, deai with such successor or successor in imerest wifh reference to lhis o-r9age and the d_ut hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liabiiity here- ~ndar or upon the deb~ hereby secured. No saie of the premises hereby mortgaged and no forbearan~e on the part of the lJIORTGAGEE or its successots c, ass~gns and ~o exrens~on o~ the nme (or the payment of the debt hereby sxured given by the MORTGAGEE or its successors or assigns, anal~ operate ro re~ease, d~scharge, mod~fy ~hange or aFiect the original Iiau~Gty of the MORTGAGOR herein, either in whole or in part_ 10. h is spec;f~cally agreed that time is of the essence of this coNrad and that no waiver oi any ob~~gat~on hereunder or of the obl+gation se- cwed hereby shau at any time ~hereafter be heid to be a waiver of the terms hereof or of the instrument secured herby_ ! 1. In o;id,t:o.~ to the forec~o:ng monthfy paym~nts of pri^c pal and interest requ~red by. the prom;sscry nore secured hereby, mortga~ar covenams , d agr~es ro pay to n~ortgagee with each monthiy pay.nent an adduional sum cstin;ated by mo+tgagee to be eq~a( to 1. 12 of the annual cost oi the fotlow- ^-Alf real property taxzs lev~e~ or assessed agai~st the above desvi~ed real estate. B Fr:n:~u~ns on fire and w~ndsronn insurar.ce as here~n requ~red to be carried on the improveme~ts s~tuate on the above described premises. C-Premi~rns on such mortgage guaranty ir.surer:ce as mortgagee shatl from tme to time deem fit to tarry on the toan secured hereby. Morrgagee s~e i from s~~ne to t~:ne natity mcrtgagor in w!it~ng of the amou~t due aRd payab;e hereunsJrr and such su:n shall thereupon be due and .,ble on th~ d~z da!e oi the next month:y payment and each tuccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such .~nt. S~ch wms sFaii be app~ied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insur3nce . •:~iums. IY 1'11TTJESS V+'HER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and ar first aforesaid. Signed, $ealed and defiver~ in the presence of: - Sea!) . (Seal) _ , l {Seal) - - - (Seal) S'A1E OF FLORIDA 1 ~ ~U.'JTY OF St . Luc ie ~ Before me personally appeared James C. Weeks and Darlene G. Weeks his wife, to me wetl known and known to me to be individuats described in and who ezecvted the for oi~g instrumen?, and acknowledged before me that they executed the same for the purposes _~ein ezpressed. And the said Da rlene G. ~eekS ::!~t~ of the said ` .laIDeS C. Weeks upon a separate and private ~am~nat~on by me taien separate and apa.t from her said husband, ack~owledged to and before me that she executed said instrument freely and volun- '.:~~~y and vv;tnout any compuision, constraint, apprehension, w fear of or from her said husbarrd. 1Yl77VE55 my hand and offidal seal this__ lsth day of eptember ~ jA i~9 ~ ~ ~i tary Public in and for ihe Stat f~orid La e.% ;;-t - y Commission expires: 4 L^5 • o; Ret~rn To: NOTARY LIC,~~TE~tp~t~ ~ First Federal Savings a loan Associat~on . MY COWMISSIb~. ~p,~g OEC. S? Of Fprt P.rro~. ,:onded Thr~ Ge11e~~~~~ V~~~~,; ` Fori P~~rte. Fiorida ~ ~ . ~ 7 ~a1 ~ rs~ , FILED AN4 ft£COR EO ~ ~ ~ 9 - -f , , ~ 57- LUCf ACPOITRAE ~ This Instrument Prepared By J. H. Roberts, JrC~~RKCI~CUIT~OUNT First Federal Savings 8 toan Association RECORO YERSf1E0 ot Fort Pierce , Florida ~ I~ ~ 4Q ~u il Checked By ~70~0~ a~0 3Cc~~,~ ~~f~~~~ js ~ - . - - _ ~ : - .