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HomeMy WebLinkAbout2410 ~F. . ~ i 4c a ~c ~ ~rvr ~ ~ a-~fi ~ r . . J To place and continuousiy keep on the bu~:dings now or hereaf~er ~itua)e on said land and on a!i rq~~pmeM and personally covered by Ihis mw sge, w:th all,prem~un~s thrreon pa:d m 1utl, Gre insurance in the usual standard policy form, in a sum approved by Ihe h10R~GAGEE, and winds~o ~nsurance in the usuai sranJa~d pol,q form, in a sum appr~ved by ~he MORTGAGEE, in wch company or compan~es ai the A40RTGAGEE m , ~~recr, a~d atl fire and w~nJitorm i~~surance po~~c~es on any of sa~d bu~ld~ngs, any interes~ therein or parl ther.rof, in the agg~e9a~e svm aforesa~d in escess ~hereof, ~hall :oniain the usvat s~andard morTg~gee clause o~ such other cla~se aa the Mwtgagee may requ:~e. making the loss unde~ sa+d po a ues, each and eve~y, payab'e ro said hIORiGAGEE as its interest may appear, and each a~d every such po:ic~ shall 1x prompUy ass gned and de~~verrd ~ ; any held 6y sa~d htOR(GAGEE as furthcr security ~o said mortgage debt, and, no? ~ess than len (101 days in ad+a~xe of tha expirat~on of each pol:cy, to d~ ; I~ver to said 610RiGAGEE a renzwal thereoi, toge~her with a receipt for ~he premium oi such renewal; a>>d there shall be no f~re or winditonn inswanc ptaced on any ol sa~d bu~ld~ngs, any iroeresl ~harei~ w,~ar1 the~eof, un!eis in fhe (orm and wiih the loss payable as aforesaid; and in the event any sun of money beco~nes payable under such polity w po~~ues said MORTGAGEE shall have the opt~on to receive ar.d app'y the sarne on accoun~ of the indebmd ness secured hereby or !o permit sa~d MORTGAGORS to receive and use i1 a any par? thereof for o;iier Nurposes, yv:~hc.:t :h o, w.:~.~.~3 cr ~+np~~r ~nq any equ~ty, I~en o~ r~ght under oa by virtue of this mo:tgage; and in ~he event sa~d MORTGAvORS shall for any reason fail la keep the sa~d pcemisrs so ; ;n:ured, or (ail to de~iver pranptly any of sa~d pol~c;es of inwrante ~o s~~d MORTGAGEE, or fail promptly to pay fulty any prem~vm therelor or in a~y ~ respect iail ~o per(orm, d~scharge, execute, effect, comp~eta, compty with and abide by this cove~anf, or any part hareof, sa~d ~hORTGAGEE may p~ace a~d pay for such inwrsnce or any part thereof w~ihout waiving or aifecting any oplion, lien, equ~ty, or r~ght under w by virtue of this Mortgage, and the f~ll amouro oi each and every such paymrm sha11 be immediately due and payab!e and shall bea~ imerest from tha date lhereof until pai~ a~ the rate oi ~~~~~e per c~~nivm per annu~n ~nd ro~rth~•r v~~i~h such infe~vst shali be sac~red by ~he l~en of this morlgage. d. To permit, commit a suFier no waate, impairment a deterioratio~ of said ptoperty w any part tfiereof. S. To pay a11 and s~ngu~ar the costs, charges and expenses, i~~cluding a reasonable attorney's fee and costs of abs~racts of title, incurred or pa~d at ~~;y T~~,:a by s~~d MORiGAGEE, because or in the event of the ia~lure on the pa?t of ihe said MORTGAGOR to duty, pro~»µtly and fu:ly perform, dacharge. a+_cvte, efiect, comptete. comply wah and ab:de by each and every ?he stipulaeons, agreements, conditions, and covenants of sa~d pro:nissory note ar.d this r~rrgage any or e~+her, and sa:d cosrs, cha~ges and expenses, each and every, shall be immediately due and payabte; whether or not ~here be nonce d~ n,ar:d, atte~npt to coltect or suit pend~ng; and the full a~nouM of each and e~ery such payment shall bea. interest from the date thereof until paid at the r~~ o~ tune pe. centwr~ F,rr annurn; an~ ai1 said costs, ~harges and expenses inturred w pa~d, together w~th such iNerest, shall be secured by ~he i~eo of this mortgage. b. That (a) in the event of any breach o( this Morrgage w defaut~ on the part of the MORTGAGOR, or (b) in the event any of sa;d sums of money herein re(e~rrd to be not promptiy and futly paid w~thin thuty (30) days next after the same severalty become due and payable, without demand or notice. or (c) in thr evem each and every the stip~lanons, a3reCm8nts, condrtions and covenants of sa.d promissory note and th~s mortgage any o~ either are no1 i~'y, pro~nptly and fu1!y performad, d~;charged, executed, eifected, cwnpleted, comptied with and ab~ded tiy, then in e~ther w any auch event the sa~d ag gate sum menrroned in sa~d promissory note then remaining unpaid, with interest acuued, and aN moneys secured hereby, shatl become due and pay a~ ~ lorthw~th, or rfiereaftcr, at the option of said MORiGAGEE, as fully and completely as ii all of the said sums of money were onginally st~pulated .o he pa[d on s~ch d:.y, anytning in sa.d pro~n;ssory note or in this Mo:tgage to the conrrary not,rviths~andu.g; and there~pon o~ thereafter at the op~ion of s+ d"~tOR~GAGEE, withaut not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r:_d mat~red pnor to ~ts institut~on. 7. T~at in the event tha! at the beginn~ng of or at any ~ime pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforte F ayment of any ciaims hereundcr, said J.tiORTGAGEE shali apply to the Court having ~unsd=ct~on the~eot 1or the appointment of a Receiver, such Court shal) rc: rhwiih appc~nt a receiver of said mortgaged property all and sing~lar, includ~ng alt a~d singuiar the income, prol~ts, issues a~d revenues from whatever s, ~.ce derived, each and every of wh~ch, ~t be~ng expressly unde~stood, is hereby mortgaged as if spec~lically set fath and deuribed in the g~anting and t.,:~end~m c~auses hereof, and such Recr~ver shall have alt the broad and effective funct~ons and po..ers i~ anywise entrusted by a Cou~t to a Receiver, and s_h appointme~u shrlt be made by s~ch Covr~ as an admitted equity and a matrer of absolute .qg~t„ tp , RTGAGEE, and withoul~ re(erence to the _:-_quacy or inadequacy of the val~e of tne property mort9aged or to ~he so~vency or ~nsoivency of sai~flflOR~At'iOR q~r~ the defendants, and that such •,es, profits, incane, issues and revenues shaii be applied by such Receiver accord~ng to the lien or equity !ff sa4d MORTGAGEE and the practice of such Court. . • . • . • 8. To du:y, prompt!y and futly perform, d~scharge, ezecute, eifect, complete, comply WSth and abide by cach and eve~y the stipufaliaris, agreements, ,o-,dit~ons and covenanrs m sa~d promissory note and th~s mortgage set fo~th. ~ - t;'' 9. That in the event the ownership of ~he mortgaged premises, or any part thereof, becomes vested in a peison other than the MORTGAGOR, the :'~RiGAGEE, its wccessors ar~d ass~g~s, may, w~~hout ~etice to the b10RTGAOR, deal with such successor or successor in interest with refere~ce to this ~•igage ar.d rhe d_bt he.eby secured in the same manner as w~th Mortgagor wNhout in aoy way vit~ating or d~scharging the Mortgagors' liability here- u~;ier or upon the debt hereoy sec~red. No sa!e of the Fremises hereby mo~tgaged and no iorbearan~e on the part of the /AORTGAGEE or its successors cr ass~9ns and no exrens~on of the nme for t6e payment of the debt hereby secured given by the MORTGAGEE or its svccessors or ass~gns, ahall operate ro re~ease, d~scharge, modify change or affect the original liau~lity of the ARORTGAGOR here;n, either in whole or in part. 10. It is spec~ficaliy agreed rhat time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shah at any !ime thereafter be heid to be a waiver of the terms hereof ot oi 1F~ instrument setwed herby. 11. In a:i:i t!~ ~ ro rhe ferego"ng rnonth!y paymenrs of prir.c'pal and interest requbed by the p~om sscry nae secured hereby, mortgagor eovenants • d agr;;es to aay to n~~o•tgayee v.:~h each month y pay~~:eni an add~~ional sum esNn:ated by mor.gagee to be eq~al to 1, 12 of the ann~al cost of the follow- j: A-All ~eat Hroperty taxas iev~ed or assessrd aga~•ist the above described real esfa~e. 6 Fr,:n ~v:ns on fire and w~ndsto~m ~nsurarce as her,:;n requ;red to be carried en the improveme~ts s~tuate on the above dasvibed premises. C-Prem~ur s o~ such m.ortg :ae guaranty ir.wrance as mortgagee shaU from tme to tirne deem fit to carry on the loan secured hereby. i h'lorrgao~e s^3 ~ from f~~„e to r~:~:e ncf~fy mortgagor ~n writ~ng of the a*rount d~e and payable hereundrr and svch su. all there~pon be due and I ,ab!e on the d~e d:;r~ oi th~ „exf monthil paymero and each wccessive month thereafter ur.til mortgagee shall notify rtgagor of a change in such ~ ~~unt. Such s.,ms sh.~:E be app:ied by morigagae tor.ard fhe payment of real property taxes, inwrance prem:ums, .~d mortgage gua~aMy insurance : ~ "G I111U~iSS~ IN \'iITNE55 :.'H~R~OF, the sa~d MORTGAGOR has hereunto set his hand and seai the day a year " or aid. ~ S~gned, Sealed and de~ivered in the presence of: ~l ~ ~ (Seaq ~ - _ ~an ~ - ~ ~Seaq . - - ti-/ (Seal) ST:+TE OF FLORIDA ~ St . Luc ie u• CJU'dTY OF - ~ Before me personally appeared J• He l le r ~ a~a Mar ly s~l . Hel le r his wife, to me well known and known to me to be rh_~ individuais described in and who executed the foregoing instrument, and atknowled9ed before me that they executed the same fw the,purposes . . ~he*ein expressed. And the said Ma:rly~ A Heller ~ D. J. Heller ....'e oF the said _ u~}on' te,e~{.pitiy~tf• : e•am~nat~on by me ta%en separate and apart from her said husband, acknowledged to and before me that she executed saicr~f~iu~reMx,~.aOfVo- ' ~ ran~y and w~:hout any compulsion, constraint, apprehensi~~~r fear of or from her said h~sband. . ' ? ti1~ _ Se tember ~ ~.~9`7.- WITNESS my hand and official seal this- day of . ~ ~ ~Lc ~c.t.:. a- ' Q' ~ " ~ Notary Public in and for the SfSfe of " ai ~rge : ~ My Commiss~ expires: ~ ~ : S,' ' _ Return To: ~ n , 3 - ~,s ~ ~ ' ' e . ~L _ ' ~ ~ first Federal Sa~+ngs L Loan Associatlon 238930 " ; ~ ~ , i.~ ~ • ~ Of ~u.t Perc,,. . .i~:. r~.- t.' • " : ~ Fo~r P:erec, F!crida FjLED AND RECORDEO Y~ ~~:r::;y--~ ' ; j `{~i..•_ • ST. WCIE COUNTY FLA. , ~ ~ ROCER POITRAS - ~C~ , ":=;=''Y•. ' ~ CLERK CIRCUIT COUBT ~ ~~z f'~ ' ~ This Instrument Prepared By ThomdS A. Dri SCOl l a~0a~ YERIFIED~~. First Federal Sav~ngs & Loan Association ~t 1 2~3 PM ~ of Fort Pierce ~ Florida Checked By ~ , • ~~ox~06 vacE24Q6 ~f _ - ' ~ G , ~ ~fl~Y~~~~~~~'. ''a ` Y ~r S cz- ~ c ~'=s .~a, j ~ 1.. ~ i~~~~..~,~'~'.~"~'~~~`' v . . . . .