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HomeMy WebLinkAbout1737 3. To p'ace and co~tinuovsty keep on ~he bui'dings now or hereaf~er ~ituate on sa~d !and and on a!~ equip~nent and personally covered by this ma ege, w~th all prem~ums ih~•reon Na•d m f~il, fue insurance m the usual sta~~dard pol~ty form, in a sum aHp~oved by the h'IOR~GAG:E, and windato ~nsuronce in the usual seandard poLCy fo~m, in a sum approved by tht MORTGAGEE, in sucA company or compan~es az the MORTGAvEE m dueu; and all lire and w:odstorm insurance poi~c~es on any of sa~d b:rild~~9s, any inte~est theiein ur part thcreof, in 1he aggrega~e sum atoresa~d in eacess the~zof, sha;l comain the uwsl standard mOrtgagee clause or such other clause as the Mortgagre may requ~re, making ~he ~oss under sa~d po c~~~s. each ar.d every, payob:e to sa~d h10RTGAGEE as us ~mcrest may appear, and each and e~•ery such po;~cy ahail be promptiy ass gn~d and dr~~vared : an~ held by sa~d MORIGAGEE as further sccu~ity to said mortgage debt, and, not less than ten (10) deys in ad:ance of ~he expirat~on of each pul~cy, to d. t.ver te sa~d P.10RTG~GEE a renewal ~herrof, toye~her with a rece~pt for the premium o1 such renrwal; a,~d ihrre shall be no f~re o~ w+uds~o+m iniuranc p!aced on any ol sa~d build~~gs, any interest therem or part thereof, un!ess in ~he fo~m and wiih the ~oss payab:e as aforesaid; and in the event any sun of money becomes payable under such policy or policies said MOR(GAG`cE sh~ll have ~ha opr;on ro rec•:~ve ..~~d app:y tl~e san~e on accou:~t of the ~~~d~•bted ncss srcured hcreby or ro perinit said ~AORTGAGORS ro retrive and use it p any part the:coi lor o:ixr pu~: os~~s, v:~~~~~ut ih u: .1~rn ar ~"~p..~' ~ng any equ~ty, lien or r~ght undar or by virtue of this mo:rgage; and in the event said MORTGAGORS shall :or any reason fail to krep the sa~d premises so ~nwrcd, or (ail to dal~vcr promptly any of said polities of ins~rance to said MORiGAGEE, or fai! p:cmptly to pay fu~ly any pre~n~u~n there4ot or in a~y ~espeu (ail to pe~fcrm, dnchar~e, eaecvtr, effect, complera, co~nply with and ab~de by this covenant, o~ any part ha~eof, said MORT;;AGEE rnay p~ace a~d p=~ for such insur,~nce o~ any part thereof w~thout waiving or affecting any option, lien, equ~ty, or ~i~ht under or by vi~tue of fhis Mortgage, and the f~11 amount of each and e.e~y such paymam shall be immediately due and payable and shall brar interest from the date thereoi until p~id at the rate of ~+.:~e pcr cenw:n pe~ annu;n ,;nd to~rthcr with such interest Shali be setute~ by the lien of thii mortgage. 4. To permit, commit or sufier no waste, impairment or deterioration of said property w any part thereof. 5. To pay alI and siny~lar the costs, charges and expenses, inctuding a reasonable atrorney's fee and costs of abstracls of title, incurred or paid a~ .ny ~in:e by saed MORiGAGSE, because or in the evero of the fa~lure on the pa~t of ~he said MORTGAGOR to duiy, promp~ly and fully perform, d~scharge. _.ccu~e, effetL cemplete, co~nply w~th and at:de by each and every the stipu~ano~s, agreements, condinons, and covenants of sa~d promisso~y note and th~s ,~.orrgage any or e~ther, and sa:d cos:s, cherges and expenses, each and every, shall be immed~ately due and payable; whefher or not there be no~~ce d~ n,nd, attempt ~o calect or suit pend~~~g; and the full a~nount of each and every wch paymem shall bea. iMerest irom the dare thereof until paid at the * r.: o+ n~ne ue~ c~~n;u~n par ar.nuwr, ~nd a11 sa~d cosfs, chargea and expenses I~uurred or pa~d, togzther wuh such interest, shall be secured by the I~en of th~~ mottgage. 6_ That (a) in the event of any breach of this Mortgage or default on tF+z part of the MORTGAGOR, or (b) in the eveM any oi sa;d sums of money herein referred to be not prornprly and fully paid w~thin th,rty (30) days next after the same severa:ly become due and payable, without demand or notice, or (c) in thr evem each and every the stipulanons, agreements, condrt~ons and covenants of sa:d pro:nissory note and th~s rno~tgage any o? eiiher are not i~!y, pro~~ptly and iutly performed, d.scha~ged, ezecuted, e(fected, completed, complied with and ab~ded 5y, then in e~the~ or any svch'event the said ag- ~•ega!e sum mennoned in said pro^~~ssory note tnen remaining unpaid, with intere,t accrued, and atl monrys secured hereby, shall become due and pay- +c.~ forthwith, or thereafr~r, at the opr~on of said 610RTGAGEE, as fully and complerely as if all of thc said svms of money were or~ginally shp~!ared ~o be pa:d on wch day, anrthing in sa.ti pro:n~ssory note or in this Mortgage to the co~tra~y notwithstand~ng; and thereupon or thereaiter at tbe opt~on of s•;i MORTGAGEE, witho~t nut~ce or demand, suit at lew or in equify, therefae or thereafter begun, may ~e prosecuted as ii all moneys secured hereby r. d matured pnor to ~ts institut~on. . 7. That in the even~ that at the beginn~ng of ar at any time pend~ng any suit upon this Mortgage, w to foreclose it, or to reform il, or to enforce F.~yment of any claims he.eur.der, said AtiORTGAGFE shall apply to the Court having jurisd~ctio~ fhereof for the appo~~tmero of a Receiver, such Court shail rcrthw~th appoint a receiver of said mortgaged property all and singular, indud~ng a:1 and singular the income, prohts, issues and revenues from whatever s. u•ce darived, each and every of wh~ch, it being expressty understood, is hereby mortgagrd as if spec~fical:y set iorth and destribed in the g~anting a~d ~ t.;:,endum cia~ses hereof, ar.d svch Receiver shali have all the broad and effective funct:o:u and powers in anyw~se entrusted by a Cowt to a Receiver, and s__h appointment shail be n,ade by suth Court as an ad:nitted equ~ty and a ma~ter of absolute right to said MOR7GAGEE, and without refcrence to the ad_quacy or inadequacy of the vatue of the property mortgaged or to the sa',ve~+cy o~ inso!vency of sa~d MORiGAG~R or the defendants, and ~hat wch r:~•~rs, proiits, inco.ne, issues and revenues shait be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To du!y, promptly and futly periorm, discharge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, ,~::ditions and covenants in sa~d promissory note and th~s mortgage set iorth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :•^RTGAG:E, irs successors and ass~gns, may, wi~ho~t ~oiice to the A'10RTGAOR, deal with such successor w wccessor in interest with re(erence to ih~s o•tgage a~d the d<_•b~ hereby secured in the same man~er as with lAortgayor w~thout in any way vitlating or d~scharging the Mortgagors' liability here- ,.-:i..r or upon th~ d_bt hrreb~ sec~red. No sale of the premises hereby mortgaged ar.d no forbearance on the part of the /AORTGAGEE or its successors ass~gns and +ro euen;ion ol ~he rime for the paym,em of the debt hereby secured g~~e~ by the MORTGAGEE or its successors or ass~gns, a~iall operate o re!e~se, d~scha:ge, mod~fy change or affect the origmal tiab:lny of the MORTGAGOR here~n, eNher in whole or in part. 10. It is specficaily ag~eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr c~~-ed hereby shaf~ at arv~ time thereatter be held to be a waiver of the terms hereo4 or of the insrrument secured herby. 11. In add r.ci ro the forege ng monthly paymenss of princ pal and inte~est required by the prom;sscry no!e sec~red hereby, morigagor covenants , d agr~es to p~~~ ro mortg~gee v~!sh eacfi month'y pa~r.:ent an add~r~onal sum est~n;ated by morrgagee to be eq~al to l; 12 of the an~ual cost of the foliow- ~ A-Atl rcal property taxes le:ied or assessed agai•ist the above desai.~,cd real estate_ 6 P:.r~.~o•„s o~ f~re and wu:dstorm inswacce as here~n requ~red fo be canied on the improvements rtuate on the aNove dsscribed premises. C--Prcrni~:e,s ori such moctg,ge g~aranty ir.sura~,ce as mor~gagee shall from t me to ti+ne deem fit to carry on the loan secured hereby_ ?dortgager sh,;i ~rOm r~me ro n-ne no~~fy morty;gor in +vr;ring of the a~:+ount due and payable hereundrr and such su~n shail thcreupoa be due and i ,-sbfe on th_ d~e ti~!%• oi th~ next month:~ paym.ent and each succeszive :*~on~h thereafter ~ntil mertgagee shatl notify mortgagor of a change in such j ~:mt. Such w~ns sFa.i :;e a iea b• mo~t a e toward the a ment of real ro rt taxes, insura~ice rem:ums, and mort a e uaraM insurance I Pc~' > 9 9'= P ~ P Pe Y P 9 9 9 Y . ~"~:IUTS. - ~ IN ITNESS ':fHEREOf, the said 'MORTGAGOR hereunto set his hand and seal the day and year first aforesaid. g ' ned, Sea!ed ~ er ~ he presen - : ~ t ~ / /13~ ~r~ (Seal) ~ Pren ice L. Manor (Seal) ~ / ~ 4~c- ~ ~ • `~~~>4~-G_1 {Seal) Lois D. Manor ~~aq ~ ATE OF fLORIDA 1 Lucie i ~ ~ ~UNTY OF St . Before me personally appeared -P~nt1C@ L. Manor and __LA15 D. ~1101 _ his wife, to me well known and known to me fo be ~ ind~viduais described in and who executed the fwegoing instrumeni, and acknowledged befwe me that they executed,the.s~me for the purposes nc~~ein expressed. And the said LO15 ~IIOr ' .;;f~ of ~he sa~d ___PrentlCO Manor ' - _ .•tipon a'se,psratf;an~ pi3vate ...nn:nar~on by me ta4en separate and apart from her said husband, acknowledged to and before me that she exeqLted seid i u,q+eM'iree~y ~~d} olun- ~ .s-:iy and w~thout any corrpufsion, constrair.t, apprehe~ns;~on~, or fear of or from her said husband. - ~ WITNE55 my ha~d and off~c~al seal this_ aL-V~I~- day of SQ tembe~. ~ A, D. a9~_ 'e ' • = 1 • ~ 4I I ~ ' ' • / ' - ~ ~ Notary Public in and for i • bf lwi a ar • Q ~ ~ My Commiuio~ expires: ~ ~ ~ Return To: 1 • ~ ~ ~ " ~ • F[rst Federal Sa~~~~gs 3 loan Assoc~at;o~ NOTARY ~BLI~, 6H1TE of FLORIDA st LAR~f _ o! Fe,t P~. •r_. MY COMMISSION EXPIRES SEPT. 25. 1975 F~.r P~ercc. Ficrida BoodeQ Bp Noerican Bankers Insurance ..o- 4 Q ~4 0~Q~ ~ . , =~~E Cli~ POO~~~"' t~ : This Instrument Pre ared B. Gary F. E11WOOd ~QE ~t CO~Rf yy~ ~ ~ P Y ~~~IIK CtRCO I'~ First Federal Savings & Loan Association ~~~oa0 vEa~F~EO.~.~'~"~ of Fort Pierce ~ Flo ri da 334500 Chacked 8Y - - ~ ~ ~ ~ ° ~ 1734 23~512 ~'i C,CX `~Gt ; l.h) L.x.~:>: - - - - - ~ . ~ .