Loading...
HomeMy WebLinkAbout2497 3. To p'ace and con~in~ousiy keep on ihe bui'd~ngs now or hercaite? situate on sa~d land and on alt equipment and persooally cover¢d by this mo~ age, w[~h a!I p~rmi~n~s ~hereon pa d~n F~II, fre inwrance ~n the us~al standard po~ity (o~m, in a sum appro+ed by ihe MORiGAGEE, and w~ndsTo ~nsurance in tha usual sT,~ridard pot~cy lo~m, in s sum approved by ihe h10RTGAGEE, in svch company or companies as the MORiGAGEE in d~recr; and all fire ar.d w~nJs~orm inwrance po~icies on any of sa~d build~ngs, any inleres~ therz~n or part thereof, i~ the aggrega~e wm aloresaid in excess the~eof, shalt :ont~in the uaual standaid mortgagte dauae or such o~her clause as the Mortgayee may requ+re, making the icss under smd po c:es, each and every, pal~b~e to said ~tJRiGAGEE as ~n interast may appear, and each and every such , o:icy shall be prompt~Y aas gned and de+~vzred ~ an~ hcld by sa~d 1.`,ORtGAGEE as furihe~ secur~ry to sa~d morigage debt, and, not lesi than ten (101 days in ad.•ance of ~he exp~rat~on oi each poficy, to d Lver to said h10R7GAGEE a renewat thcrecf, toge~her with a reteipt for thr premium of suth re~~ewal; and there shall be no fire o~ wmdstonn insurant placed on any of sa:d bu~!d~ngs, any interest there~n or pa~t thereof, unless in the tarm and with the losa payabte as aforosaid; and in the evenl any sun of money beco~nes payabie ~ader such poGcy w FoLc~es saiJ h10RTGAGEE shall have the opt~on w rece~ve a~~d app'y ~he same on accouro o) ~he indeb*rd r.ess xcwed ht~eby or io pen»it said MORTGAGORS to reeeive and use it w any part tlwrcrof to~ o;ner ~;urF•osrs, v.~~hout ~h_•.~i tiv~~v~.t~ or ~n,~w. ing any equ~:y, I~en or riyht undc~ or by virtue of this mo:'gage: and in the event sa~d MORTGAGORS shall fw any reason fail to keep fhe said premisrs so ~nwred, or tail ro deGver promptly any of said po~~tues of insura~ce /o sa~d MORTGAGEE, or f~~l p:omptly to pay lully any p~e~nwm thereiot or in any ~espect Ia~I eo perForm, d~scharye, execute, eflect, tompteta, compty wi~h and abide by th~s cove~~ant, or any part hrreof, said MGRTGAGEE may place a~~d pay for such insur.~nce or any part thareof w~ihout waiving or aifecting any option, lien, equ~ty, or righ~ under or by virtue of this Mo~tgage, and the 1:,1I a~novm of cach and every svch payment shall ioe immediately due and payable and shall brar interesl from the date thereof uroil paid at the rate ol n~i;e p~~ c~•nr~m per annu:n and to~rlh~~r w~th Such interest shali be srcured by Ihe lien of this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said prope~ty or any part thereof. S. To pay all a~d singular the costa, charges and expenses, including a reasonable attorney's fee and costs of abst?atts of title, incurred o~ paid al a~y t;me by sa~d MORIGAG~E, because or in the evero of the fa~Iure on thz part of the said MORTGAGOR to duly, promptly and fu11y perform, d~scharge, ~.~wre, eflec~, canp:e~e, comply w~th and ab:de by each and every the st~pulauons, agreements, cond~tions, and covenants oi sa~d promissory note a~d thls ,:ortgage a~y or e~ther, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether w not thare be no~ice d~ ~~.an-f, anr.npt to co~~ect or s~it pend~ng; and the full arnoum of each and every such payment shall bea~ interost from the date thereot un1i1 paid at the ~e o' n~ne per c..~ntum Her amw:n; atw al1 said costs, charges and expenses incurred or paid, together ~v~th such interest, shall be setured by the lien of thii mottgage. b. That (a) in the event of any breach ot this Mo~tgage or default on the pa~t oS the MORTGAGOR, or (b) in the event any of said s~ms of money h~~r<in referred to be ~ot promptty and fully paid with~n thuty ;30) days neat after the same severa'ly become due and payable, withou~ demand o~ notice, o: tc) in fhr event each and every the sfipulations, agreements, conditio~s and cove~ants of sa:d pron,issory note and th~s mo~tgage any or ei~her are nol i~1y, promptiy and i~lly perfo:med, dacharged, executed, effecred, completed, compGed with and ab~ded ~iy, then ~n either or any wch eveN the sa~d ag- rq~rgue sum mentioned in sa~d promissor~• note then remaining unpaid, with intere,t accrued, and all moneys secured hereby, shall become due and pay- ac e fo~thw~th, or rherra~ter, at the option of s~id MORTGAGEE, as f~11y and comple~ely as if alt of H,e sa~d sums of money were or~ginally st~pulated to be pa d on wch d:.y, any~hing in sa.d pro~r~ssory note or in this Mwtgage to. the conrrary notwiths~and~~tig; and thereupon or thereafter at the option of s~.d MORTGAGEE, w:~haut net,ce or demand, suit at law o~ in equity, the~efore w thereafter begun, may be prosecuted as if all moneys secured hereby r.. d mat~red pr~or to rts ~ns~itunon. 7. That in the event that at the beginning of or at any time pend~ng any suif upon this Mortgage, w to foreclose it, or to reform it, or to enforce F~a~mCnT of any cieims he~eunder, said MORTGAGEE shaN apply to the Courf having jurnd;ction thereo4 for the appointment of a Receiver, such Court shall ~o: rhwiih appc~nt a rece~.er of said mortgaged property all and singular, indud ng a!I and si~gutar the income, proFns, issues and revenues from whatever s: ~:~ce dan.ed, each and every of wh~ch, it being expressly understood, is hereby mor~gaged as if speufica~ly set for~h and described in the granting and n: bendum c~auses her_o4, end svch Rece~ver shall have ail the b.oad and efiective func:,ens and powers in anyw~se e~trusted by a Court to a Receiver, and s,ch appoin!r.ie,Tt shait be R~ade by such Court as an admitted equity and a matter of absolute ?ight fo sa~d MORTGAGEE, and without reference to the acl~quacy or ~.^-adequar~ of the va!ue of the property mortgaged or to the so~venq or insoivency ol said MORiGAGOR a the defendants, and that such r~vs, pro'.its, inco.ne, ~ssues and revenues sha~l be applied by such Receive~ accordmg to the lien or equity of said MORTGAGEE and the .~xactice of suth Court. 8. To d~ly, prompr:y and fully perform, discharge, execute, effect. comp~ete, comply wi:h and abide by each and every the stipulations, agreements, co;~ditions and ccvenants in sa~d ptomisswy note and th~s mortgage set forth. 9. ~That in the ev~nt the ownership of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its successors and assigns, may, withwt notice to the MORTGAOR, deal with such successor or successw in interes~ with reference to this n ortgage and :he deot hereby secured in the same manr.er as with Mortgagor without in any way viliating or discharging the Mortgagors' liability here- ~~~der or upon the d_br hereby secured. No sale of the Frem~ses hereby mo~tgaged and no iorbearance on the pa~t of the /AORTGAGEE or its successors c~ ass~9ns and no exrens~on of the time for the payment of ?he debt h~reby secured given by the MORiGAGEE or its successws or auigns, a~iall operate ~o re!ease, d~schuge, mod~fy change or affect the orig~nal Iiab~Gty of the MORTGAGOR herein, ei?her in whole or in part. 10. It is spec~f~cally agreed that teme is of the esserce of this contract and that no waiver of any obl;gation hereunder or of the obligatan se- wred hereby sha't at an~ tin~e rlkrea(ter be he!d fo be a waiver of the terms hereof or of the instrument secured herby. 1{. ~n .:a:! t~v : to th~ fortgc ng rnonth'y payments of pzi~c pal and intcrest required by ihe prom sscry no!e se[ured hereby, mortgagot covenanls e: d agrees ro pay to mo•tgagee w~th each monthiy payrneM an add~rional sum ~stimated by mortgagee to be eq~al to 1~ 12 oi the annual cost of the follow- A-A~1 rcal property taxrs le~.iew or assessec3 agai~st thc above described real estate. 6 Pr_~~:~:, : s on fire ared .vindstorm insurarce as here~n requ:red to be carried on the im~rovements s~tuate on the above described premises. C-Pra: ~w:^s o~ s~ch mort^y=ge guaranty ir.sura~~ce as mortgagee shatl fro:r. t~me to time deem fit to carry on the loan sec~red hereby_ ~ l.Sortg;gec r'~.~ ! f~oni t~~ne to t~me notify mortgagor in vvr~t~ng of the dTOU~11 due and payable hereundrr and such sum shall thereupon be due and ....e on r'n•, ~i~,,e ti,~~~ of rh~ next month!~ payment and each successive month thereaft~r until mortgagee shall not~fy mortgagor of a change in such ; ;uni. Such SU"ZS s~:.~ ~ be a^ ~ed b mort a e toward fhe a ment of reai ro rt tazes, insurance rem:ums, a~id mort a e uarant i~surance rF= Y 9 9~ P Y P Pe Y P 9 9 9 Y Z . ~,^~~iums. ~ tN ~'lI7PJES5 '::H:RiOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea. first aforesaid. Si ed, Seatrd and deli ec~ i the p~esence of: !~(j ~ ) ! c - L Seal) ~ ~ - r (Seal) ~ ($eal) ~ - (Seaq ~;.a~E OF FLORIDA 1 Luc i e } _.~~:;.'JTY OF St. ( Before me personally appeared M~on M. Sizemo re and _ Ruth Madeline Sizemore his wife, to me well known and known tQ"_r~ ~ ind~v~d~~~s descr~bed '+n rtd who eaecuted the foregoing instrument, and acknowiedged before me that they executed the same for ihd'~~I~~:,• P PUt~ Hladeline $12CIIIOZ@ ,'•~:•~~r~~~•, Y~ ~1 rhe•ein ex ressed. A~d t~e sa~d- c ~ Ttarion M. Sizemore u ' 1~ a~d ~~."r~,~r 'e of tne sa~d - ~ ~ ..d~n:nar:on by me taien separate and apart from her said husband, atknowledged ro and before me that she executed said irYtr~ewt freely and volun-i and wrthovt any compulsion, co~straint, apprehension, or fear of or from her said husband. _ C' J: ~NITNE55 my hand and official seal ~h~:_ 29th day of Se tembe 'A. D: 1~2^~ ; ~ • - . _ ~ ~r ~ tary Public i~ and for fhe Sta dF af Lary~s G~ . y Comm~ssion expires: % • b''••, ••••••••~t~• • Return To: iy~ /1~ ~ ~ ~ F;rst Fedcral $avings 6 loan Associat~on ~eUC, ~~'C/d(• ~[~R~•E F o~ Fo:r Pere_. ~ COMMISSION E7~PIRES DEC. 2g. 1975 ~ Fon F;..rce. Florlda iArY Gewarsl Insurane~ Uoptrwtltus, ~ ~ 1 0 ANO RECpRDEO This Instrument Prepared By Wm. E. Braun :T~WC~E COUNT~ ~~w- ~F First Federal Savings 8~ Loan Association ROCEa ?4t?R~3 ~T ~ CtERK C~~LUIT COU ~ ; of Fort Pierce ~ - Flo rida RECOaO YEP~FIEO~---- Checked By - ~1 3 9 Zg ~'~Z ~ua~ ~~~cf~~~ 238984 ~ 5 ~ ~ = - ~ ~ z ~ ~ ~ 3 ~ ~ ~ r . _ _ ~ .