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HomeMy WebLinkAbout2855 3. To ptace and conNnuously keep on ehe bu~!d~ngs now or hereaiier ~ituate on sa~d iand and on ali cquipment and personally covered by ihis moi age, with all prem~ums thereon pa d in full, fire insurence ~n the uwal srandard po~icy form, in a sum aHp~oveJ by the MURIG.~GEE, and w~ndsto insurance in the usual st,~nda~d po:.cy iorm, in a sum approved by the MORTGAGEE, in such con,pany or compan~es as the MORiGAGEE m d~rect; a~d all fiie and w~ndsrorm insw.ance ~poiicies on any of sa~d build~ngs, •ny interest therein ur part thareof, in the aggrega~e sum aforesa~d in eacess thareof, sha~l :ontain the uaucl srar.dard mortgagee dause or such othe~ cl~use as the Mortgagee may requ~re, ma?ing the ioss unJe~ sa~d po c~es, each and every, pay~ble to said tilORTGAGEE as ~u ~nterrst may apprai, and each and every such po~icy sha~l be promptly ass gned and de~~ve~ed ~ any held by s~~d h50RiGAGEE as funher security ro said n;ortgage debt, and, not less than ten (10) days in ad:JnCG of ~he e~p~~at~on of each poG,y, to d. f~er ~o said MORiGAGEE a renewaf thereof, to~ether with a rece~pt for the premium o( such renewai; and the~e shall be no f~re o~ w+ndsw~m insurenc placed on any of sa~d bu~'d~~~gs, any interest there~n or part thereof, unless in ihe form and with the toss payabte ~s afo~esa~d; and in the eveM any sun of money becomea payabte under such poli:y or pol~cies said MORTGAGEE sh311 have the opt~on ro recv~ve and appsy tiie same on accounl of the inclcbt~~d ness securzd hareby or to perm~t sa~d IdORTGAGORS to receive and use it or any part the:eof tor ori~~ r ~;u~,.osrs. ~v:~ho•.:t ~h_•~ ur w.:~.~ ~7 c~ n~~P~~' ing a~y equ~ty, lien or right under or by virtue of lnis mc::gage; end in the evenf sa~d MORTGAGOR$ sh~ll :or any reason fail to keep the said p~emises so fniured, or fail to del~ver promptly any of sa~d poGcizs of inwra~ue to sa~d MOR~GAGEE, o~ fa~! p:ompNy to pay l~ily any prr~~uu•n therr~or or in anY respect fail to F:e~furm, ~l~scharge, eaecute, effect, complete, comply with and ab~de by th~s cora~a~~?, or aRy par? hareof, said MORTGAGFE may piace a~~e pay for such insurance or any part the~eof w~~hout waiving or affeUing any option, licn, eq~~ty, or n~ht unde~ o~ by virtue o1 this Mortgage, and thc f~ll amoun! of each and every such payment shall be immediately due and payable and shall brar interest from the date Ihereof until paid at 1he rate of •~~ne per cemu•n pe~ annu~n and ~o~eth~•r v.ith such interest shaG be srwred by the lien o{ thls mortgage. 4. To permit, commit ar suffer no waste, impairment or deterioration of said property w any part thereof. 5. To pay all and s~ngutar the costs, charges and expenses, includ~ng a reasonable attorney's fee and tosts of abstracts of title, incurred or paid at any r.~.:e by s~~d MORIGAGEE, brca~se or in tne event oi the failure on the part of tht said MORTGAGOR to duly, pro~nptly and fully pe~iorm, d~xharge, =xec~te, effec~, comptete, comply wnh and ab:dr by each and every the stipu~at~ons, agreements, conditions, and covenants oi sa~d promi;sory note and thi: .nortgage any or e~~her, a,~d sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whrther or no~ the:e be nottce d~ mand, attempt to co:tect or svit pendmg; a~d the iull amount of each and every such payment shall bea. inrerest trom the date thereof until paid at the r.~re o+ n~ne per canwm ~•r .,n~~u:n; and all said costs, charges and e,epenses irxurred or paid, together wuh such ~nterest, shall be secured by the Gen of th~s mortgage. 6. That (a) in the event of any breach of this Mo~tgage or default o~ the part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money hcrcin referred to be not promptly and fully paid w~rhin th~rty (30) days next ai~•_r the same severa'ty become due ar.d payabte, wEthout demand or notice. ur ~c) in the eve~t rach and every the stipulations, agreements, cond~rions and coveoams of sa.d promissory note and th~s mortgage any or either are not iv~y, pro~nptty and fut4y performed, d.xharged, e:ecvted, effected, completed, complied witfi and ab~Jrd tiy, then ~n e:ther o~ any such event the said ag- 3regate s~m menfroned in sa~d promissory note then remaining unpaid, with iroe~est aarued, and a~l moneys secured hereby, shall become due and pay- ac~,a forthwith, or thereafte~, at the opt~on of sa~d IL10R1GAGEE, as fully~ ard eompletely as if all of the s~~d sums of money were onginally shputated ro be pald a~ such dcy. anything in sa.d pro~n~ssory note or in this Mortgage to the comrary not.vithstand~n9; and there~pon or ~hereafter at the op~~on of s,:d htORTGAGEE, w~rh„ut nor~ce o. demand, sui~ at law or in equ~ty, therefore or~thereafter begun, may be prozecured as if all moneys secured hereby r.~d ma!ured pnor to ~ts ~nst~sunon. : 7. That in tFK event that at the beginn~ng of or at any time pending any luit upon this Mortgage, or To foreclose it, or to refarm it, or to enforce ~~;ment of any claims hereunder, said A10RTGAGEE sha~l apply t~ the Cour~ having ~urisd;ct~on thereof for the appo~ntment of a Receiver, such Court shall c~th.vifh appemt a ~eceiver of said mortgagrd propert{ a:l and singolar, inttvd.ng aN and singular Ihe income, profits, issues and revenues 1rom whatever s_ _~rce drr~ved. each and every of wh ch, ~t be~ng expressfy underuood, is hereby mortgaged as if spec~ficatly set forth and described in the granting and ~~oendum da~ses hereof, and wch Receive~ shall have all the broad and effective funu.ons ar.d powers in anyw~se enlr~sted by a Court to a Receiver, and s-:h appoi~!me~~t shali be made by such Court as an admittc~! eqvi~y and a matter of absolute right to said MORTGAGEE, and without reference to the n<i~•quacy or inadequacy of the value of the property mortgaged or to the so.venty or insolvency of sa~d MORTGAGOR or the defendaros, and that suth r~•~~fs, profits, incane, ~ss~es and revenues shall be applied by such Receiver accord~ng to the lien or equ~ty oi said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuily perform, discharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, .onditioas and covenanu in sa~d promissory note and this mortgage set fonh. 9. That in the event the ownership of the mortyaged prem~ses, w any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the .'~RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in inte~est with reference to this • o•~gage.a~d the d_ut hereby secured in the same manner as w~th Mortgagor w~thout in any way vitiating or d~xharging the Mortgagors' liability here- u•der or upon the d~~bt hereby sec~red. No sale u( the prem~ses hereby mortgaged and no forbearance on the pa~t of the IAORTGAGEE or its s~ccessors ass~~~s and no exrens~on oF rhe time for the payment of the debt he+eby secured given by the MORTGAGEE or its s~~ccessors or ass~gns, a~~all operate ro re!ease, d~scharge, mod~fy changz or affect the original liab~{ity of the MORTGAGOR herein, either in who~e o~ in part. 10. It is sperf~ca~iy agreed ~hat time is of the essence of this tontract and that no waiver oi any oblfgat~on hereunder or of the obligation s~ cured hereby sha;~ at ar.~ time thereafter be held to be a viaiver of the terms hereol or of the instrumem secured herby. 11. In add rlo:, to the foiego'n9 rnonth!y µayments of pri~c'pal and interest requ~red by the prom:sscry no!e secured h~reby, mortgagor eovenams +.d agrees ro ady' IO rt:0"1g]C~CC v.rth each monfh'y payroent an add~~ional sum estbnared by mortgagee ro be eqvai to 1, 12 of tl~e annual cost of the follow- A-All rcal property taxas lev~e~ or assess_d ag~i•ut the above desaibed real esrate. 6-P~.~r:~urr.s on fire and windstor~n ir.s~rarce as nere~n requ~~ed to be carried on the ~mproveme:~ts srt~a~e on the above described premises. C-Pre~+.~v:~ s on such mort~:;ge guaranty ir.svra~:ce as rreortgagee sha~i from t:me to ti~ne dcem fit ro carry on the loan secured hereby. j l~to~tgagee r~r ~ rrom t~~r.e !o tcne not~f~ m.ortgagor ~n wr~t~ng of the amo~~t due and payable hereundrr and such sum sh~il thereupon be due and i :,,abte on th~ d:;~~ oase of the :e~rxt n:onthiy payment and each successive ~r.or:th thereafrr ur,til mcrtgagee shall not~fy mortgagor of a change in such I ~-ovnt. Such sums s~ a.i ~e a,>plied by mortgag~:e towmd the payment of real property taxes, insurancr prem:~ms, and mortgage guaranty insurar.ce ! ~ ..•CmiumS. ` IN 1'11TNE~S '.'iHEREOf, the sa~d MORTGAGOR as hereunto set his hand and sea~ the day and ye~ar first aforesaid. ' ~ Sealed an del' r .i 4he presenc . ` ~ .l~ ~ t~ /I LCQ~; /i ~ ~ ~!1'/l (Seal) P~ Al' (Seal) i / - ~ ~ ~ et,v? . .~~.Zr~c.-t~ (sear) ~ Lois D. Manor - (Sea~) S~ATE OF fLORIOA 1 Lucie } CJU'JTY OF St. _ ~ Before me personally appeared Pr~ntice I, Manor and i _ L.OlS ~TIOY his wife, to me well known and known to me to be = ind~viduais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes rhe~ein expressed_ And the said__ L.O15 D Manor r.;fe of the sa~a prentiee L. Manor upon a separate and private r.amination by me taken separate and apart from her said husba~d, acknowledged to and before me that she executed said instrumeM frEely a{~d Yoluo- ` ~-~ly and w.thout any comp~Ision, constraint, appreheys~R w fear of or from her said husband. • n~~;, : : ey WITNESS my hand and officiat seal this_ ~ day of - October 8'y~ p:~1y, 7'2 ~ i~ ~ .!_T'S . ~.ty': ~C ~ t-s~ ~ / " •y~' , ary Poblic' in a~d for the State.of Fo1wQs at lar@~ ~ y Comm~ssion expires: u. ' ~j' ~ ~ = " ~ 't : ~C ~ Return Ta ~.r,.,v . : .~f ;f ~4::..1?;'~i •s ~ _ ~ First Federa) Savings 3 loan Associat~on ~ ~ -r~/- ,,/1~1~~~- ; ~ Of fort P ~ree. ~ i:~ :+l i...J W. d1~.Jl~lqri~ -J C . P ~i ~ ~3 , " ~ Fort Pierce. Florida 239 ~y?•. 3 ; T., ~ ~ ~ ~ ~ ~ This Instrument Prepared By Gary R. Ellwood !~ED ANO lIECOR0E0 ~ First Federal Savings 8~ loan Association '~T, IUCIE COUNTY flA. G of Fort Pierce ~ Flor ida ~OCER PO~IRAS OLE~ VFR~F EO ~OUaT ~ Checked 8yi~*' _ RECQft ~ BUOK~VU P,1CEz851 ~ Q~ ~j IO 33 ~ ~ I ~ ~ ~ ~ _ - - - ~ ~ ~ _v.~ . ~ _ . . _ . _ . "i1 ~ za.