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HomeMy WebLinkAbout1807 3. To place and con~inuously keap on !he buiidings now or hereat~er sirua~e on sa~d land and on alt cq~ipment and pe~sonally covered by ~h~s mo+ nge, w~~h d~l pren~~~ms thareon pa:d in tull, fire insurance ~n ~he uwal sra~xla~d po;i~y form, in a sum aNp~oved by the MOR~uAGfE, and windsto ,nsurance in ~he usua! srandard pol~cy fo~m, in a sum approved by tht h10RTGAGEE, in wth tompany or compan~es as ~he h10RTGAGEE m d~ie•cr, and all fire and wmdstorm insurante polic:rs on any of sa~d bu~id:ngs, any inleresl there~n or part thrreot, in Ihe aggfcgare sum aforesaid in e:cess th~•reof, shall :onto~n the usual seandard mortgagee ua~se or such o~her clause as the Mortgagee may requ~re, maMing the ~oss unJr~ sa~d po c~•s, each and every, pay:,b!e ro sa~d A1pR~GAGEE as ~ts interest may appear, and each and eve~y such po~:cy shall b¢ promptly ass g~~cd and de~ivered t h~td by s.~~d ASORIGAG"cE as further accur~ty to sa~d n:ortgage debt. and, not less ~han ten (10) days in advance of the exp~~ation of each poGcy, to d~ !;:er to sa~d MORiGAGEE a renewal thereof, together with a receipt for the premium of such renewa~; and there shall be ~o f,re or w~~~dsto+m insuranc ~'.,ced on any of sa~d bui!d~+~gs, any intrrest there:n or pmt thereof, unie:s in ~he lorm a+~d with the loss payable as aforesa~d; and in the event any sun of money becomes payable vndt? such policy o~ pa~~cias said MORTGAGEE shall have ~he opt~on to recaive ond app~y tha ume on account o) the indebted ~~~ss srcured her~by or to permit aa~d MORTGAGORS to receive and use if w any perl tF~e:rof tor o;n<r p~rpOSCS. Vn~F1G~f th:~.u1 ,v..~>~~7 0~ ~~~~p~~~ ~ny any eqv~ty, I~en or right ~nder or by virtue of this morrgagc; and in the event sa;d MORTGAGORS shall for any reason fail to kzep the sa~d premises so :~u~red, or fail to delive~ pro~nptly any of Said pDl:Cies Of insurante to said MORTGAGEE, ot fail promptly lo pdy 1ul:y dny ptemiurn therefor ot in d~y ~esE ect lail to perform, d!scharge, execute, effec~, comptetr, comply wi~h and abide by thfs covenant, or any part hrreof, said MORiGAGEE may piace a~~o p~y for such insurence or any part thareof w~thout waiving or atfecting any option, lien, equ~ty, or ri~ht under o? by virtua of this htortgage, a~d the i,;:i amouM of each and e~ery such paymen! shail be immediately dve and payable and shall brar iNerest from the date thereof until p~id a~ the rate ol ~~ne prr centwn per ar.nu:n and togethcr with such inte~i•st shaii `ue srcured by the lien O( this mortga9e. d. To permit, commit or suffer no waste, impairme~t w deteriorat~o~ of said property or any part thereof. S. To pay ali and s~ngu!ar the costs, charges and expenses, inctuding a reasonable attorney's fee and costs of abstracts of title, incurred o~ paid at tle:c by sa~d 610RTGAG:E, betause w in the event oF the failure on ~he part of the said MORTGAGOR to du~y, prompUy and fully parform, d~scha~ge. ~a~ cute, efieu. ce~npiete, c~mpty w~th and ab:de by each and every the stipu~a~~ons, agrecmenis, cor.ditions, and covenants of sa~d promisiory note a•~d this ••origage any or enher, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice d~ ~;•,d, atternpt to coiiect or suit pe~id~ng; and the futl a~nount of each and every such payment shall bea. interest from the date thereol umil paid at tF.e r. ~une uer :..~r.;~m Nrr am~u:n; and all said covs, charges and enprnses incurred or paid, together w~th such interest, shall be secured by the Gen of th~s ^,orrgage. 6. That (a) in the event of any breach o( this Mortgage or default on th~ part of the hSORTGAGOR, or ;b) in the event any of sa:d suma of money . t-~~e~n referred to be not p~ornptiy and fully paid wirhin th~rty (30) days neat aircr the same severa:ly becume due and payabte, without d_mand or nohce, _ r+,c} in the event each and every the stipulatio~s, agreements, cond~tions and covenants of sa:d promissory noie and th;s mortgage any ur either are not ~i~ly, prOmpi{y a~d fuily perfor~ned, d~.scharged, executed, effected, completed, compiied with and ab~ded Sy, then in e~ther or a^y s~!ch eve~1 the sa~d ag -•_ga+e sum ~r.ent~oned in sa~d p~omisso~y note then remaining un~aid, with intere;t accrued, and alt moneys secured hereby, shall be:on,e due and pay- 1~: ~ forrh.vith, or ~hereafter, at the opt~on of s~id A10RTGAGEE, as futly and comp;ete~y as ii all of the aaid sums of money were o-iginaHy sYpulated fo be pa:d on svch d;.y, anything in sa.d prom;ssory note or in this Mortgage to the contrary notw~thstand~ng; and thereupon or thereafter at the op~~on of s.,i MOFTGAGEE, w~thout r.ot~ce or demand, suit at law or in equity, therefore or ~hereaher t~egun, may be prosecuted as if all moneys secured hereby r,. d rnatured pnor to ~ts instiTW~On. 7. ihat in the event that at the beyinn~ng of or at any time pending any su~t upon this Mortgage, w to fweclose it, or to reform ~t, or to enforce ~,i~ment of any cia~ms he~eunder, said MORTGAGfE sha? apply to the Court having jurisd~Uion Ihereof for the appointment of a Reteiver, Such Court shail rhwErh appo~nt a rece~ver of said mortgaged property a!I and singu:ar, includ~ng all and singular ~he income, proGts, issues and revenues from whatever ,•ce dar~ved, each and every oF wh:ch, it being express!y undersiood, is hereby mortgaged as if spec:ficaity set forth and described in the granring and ~!.endom cIa„ses hereai, and such Receiver shall have atl the broad and effecr:ve iunct.ons and powers in anywise emr~sted by a Gourt to a Receiver, and _;n appOintment sh3il b~ made by s~ch Co~rt as an admitted equity and a matter of absolute right to sald MORTGAGEE, and without reference to the 4 ':.{ujcy or inadequacy of the val~e of the property mo~tgaged or to the so~vency or insolvency of said MORiGAGOR o~ the defendants, and thaf such ; , rs, profits, inco:ne, +ssues and revenues shall be appiied by such Receiver accord~ng to the Gen or equity of said MORTGAGEE and the practice of such Court. 8. To du!y, promptly and fully perform, discharge, execute, eifect, comptete, compty with and ab~de by each and every the stipulations, agreernents, ,:::ditions and cavenanrs ~n sa~d promissory note and this mortgage set forth. 4. TF,at ~n ~hc event the ownership of the rnortgaged premises, or any pa~t thereoi, becomes vested in a person other than the MORTGAGOR, the : ~RTGAGEE. Irs w:cessors and assigns, may, without norice to the MORTGAOR, deat with such successor or successor in interest wi~h refe~ence to this ~~oage a- d fhe d_ot hereby secured in the same maoner as wifh Idortgagor without in any way vitiating or d~scharging the 1Aortgagors' liability here- ,ter or vp~n th~ drbr hereuy secured. No sale of the prem~ses hereby mortgaged and no forbearance o~ the part oi the /AORTGAGEE or its successors - ass•g~~s and no extens:on of the time for the paymem of the debt he.eby secured given by the MORTGAGEE or its successors ot assigns, aball operate ~ reiease, d.scha:ge, mod:fy change or affect the original Gab~Gty of the MORTGAGOR herein, either in whofe or in part. 10. It is scec:f;cally ag•eed that time is of the essence of this contract and that no waiver oi any obl~gation hereunder or of the obtigation se- : cu•_~d hereby sha:~ at an~ time ~hereafter be he~d to be a wairer of the terms hereof or of the instrument secured herby. ~ 11. In ,;:;i r;c ~ to rhe forego ng monrh!y payments of p:inc pai and interest reqv~red by the promisscry no~e secured hereb7, mortgagar covenants j . agr_es to ;:~y ~o r~o~tgagee v+:th each~ronthly pay, ent an add~+ional sum eshn;ated by mortgagee to be equaV to 1, 12 of the annua{ cost of the foflow- ~ J' ~ A-AI( rea! F:ropcrt; tax~-s lev~<_c! or assessed against th~ above dzsaibcd real estate. 6 Fr~ ;~s on fr.e and •avu:dstorn- irsuracce as nere~n reg~~red to be carr~ed en the imp~oveme~ts s~tuate on the above d:scribed prem~ses. C-Pre:n~;,:= s o:~ iuch mortg::ge guaraMy icsurar.ce as mo~tgagee sha~l frem t n:e to time deem fit to carry on the loan setured hereby. j 7'.lcrtg,:~ee s~a i frc~r. !irne to t~~ne noti~y mortgagcr m w~it~ng of the amov~t d~e and payable hereundar and such wm shall thcreupon be due and ~ ,i>ie on thc d,e cate oi th? next :nonthiy payment and each successive month thereaft~r ur.til mcrtgagee shall not~fy mongagor of a change in such ' .,nt. Such swns sha.i t:e at.~~'icd by mortgagee toward the paymeM of real property taxes, insurance prem:ums, a~~d morlgage guaranty insurance ~ . . •~:i~ms. f 9- ~ i.'v IV.TF~E~S '.':HER~OF, tne sa~d l/10RTGAGOR has hereunto set his har,d and seal the day and e first aforesaid. _ ' , S~gned, Sealed a~ delivpred in the presence ofc ~ ~ ( 't Seal) f1_~, ` ~ Rg~bert E. Chri s n ~~a~~ ~ . =~:Lr _ ~ ~G3 sil.[ i ~ t .t.aq ~ ' Catherine Christensen ~~ai~ ~ ~:.:TE OF ftGRIDA SS. ' :U'JTY OF _-S'C. Lucie ~ Before me personally appeared Robert E. Christensen an~ ' _Catherine Christensen his wife, to me well known and known to me to be individuals descr;bed in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same for tFx purposes ~ -e~n expreued. And the :a~d_ Catherine Christensen ~ - _ ~ Robert E, Christensen ' ' " ~1~ ~ ,..r., of the said - _ upon a' separat~ aH9~~rivat! ~.,m:net~on by me taien separate and apart from her said husband, acknowtedged to and befo~e me that she exetuted said iottr~nnQnt (~eeYy~ ~'Yol~/n- : y and w~~hout any compu:sian, constraint, aFpreh on, or fear of or from her id hu:'oand. ' •~;~r - ~YITNE55 my hand and officeal seal this__~t' day of e t r~ _ ~A. D: 19~~ ~ " " . ~ _ ; . ~ ~ ~ Notary Pubiic i a (or the Siate~f;Floiaa aLlar ~i , My ~ommission e ires: ~ y - ~ Retvrn To: ~ ~ ~ / ~ f irst Federal 5avings b loan Associat[on ~ ~ • . • • " ~ Oj iort P .:ce ~ C Fo:t Plcrce, Ficr!•!a ~ ~ r FILE9 AMfl RE~,pRpER \ ~ iT.IUGE CO~NTY flA. ~ ~ . ~ ROOER POITRAS ~ This ir.strument Prepared By Dennis F. Holerger CLERK CiRCU~t COURT ~ ~ First Federal Savings & loan Association RECORD YERIFIED ~ ~ of Fort Pierce , Flor ida S~ 11 4 u PH ~~1 t ~ ~ Chzcked BY U R~S FA~~VO~ aooK ~ 238556 ( h) : _ - ~ . _ - - "