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HomeMy WebLinkAbout2961 To p'ace and con~inuo~sl~ kcCp on the bu~'d~ngs no+v or hereafte~ s~tuate on said land and on all cquipmenl ar.d per=onally covcred by this ma~ ege, wlth all pien.~~:ns thrrcon pa~d in tult, fire insu~ar~ce in thr us~a~ st~ndo~d polity form, in a aum approved by ~he MUR~GAGEE, and wind;to ;nwr,.nca in iha ~s..al s~ondard No:.cy fo~~n, in a wm approved by the MORTGAGEE, in such company oi tompan~es as ~he h10RTGAGEE m d~recr, and all ine ar.d w~nJs~onn ~nsurance po~~c~es on any of sa~d build~ngs, any interes~ the~ein O~ Qaj1 Ifiereof, ~n the aggr~ga~e w~n aforesaid in eacess thcrco(, shall :ont,,in it:e uiual sia~:d.,rd mo~~y~gee cia~se or such othe~ clause as 1he hlortgagre may ieyu~rb, ma3~~ng the ~oss under s~,d po c~es, each and every, pa~-;,b'e Io sa~d tiIJRIGAGEE as its int~t~•st may appear, and eath and evcry suth po'ity thall be pron,ptly ass gnrd a~~d de~i~c~~d any held by sald ~dORIGr~GEE as (ur~her s_currty to said n:ortgage deb~, and, not less than ten (101 days in ~d+auce o( the eaplrat~on of each po~~cy, to d~ l~ver to sa~d h10RfG~1GEE a ~enev:al Ihereof, toge~her with a rece~pt for the premivm of suth renewa~; a~~d ~hrre shall ba no Lre or windsto~m insurent p~aced on any of sa~d build~~gs, dny imerest the~e~n w pa~t thereof, unless in the fo~m and with the ioss payable as aforesaid; and in the event any sun ct mOn@y (~pcOmCS p~r~tte under wch pot~cy or pol~cles sa,d MORTGAGEE shall have iha op~~on to rec~~~ve ~~~d app!y ii,e sa~ne on account of ~he indabcrd nrss se:ureJ hcrrby or ro pern~~t s.~~d MORTGAGORS to recr~ve and use it or any p~u the:~of tor o:~.•:r ~,ur; cs~~s, ..;ri,,,;t th:•. ar ~v::~.+ ar ~•~,p-.i• ing any equ~ty, I;en or r~yht ur.der or by vutue ot ihis moc'9age; and in the event sa:d MOR7GAGORS sha!1 !or any rzason fail to keep the sa~d premis•_s so inwr~d, o~ fail ro de!~ver p~omptty any of said polities of insurance to sa~d MORiGAGEE, or fail p;omptty ~o pay 1~~~y any pre~n~v~n thc~cfo~ or in any .espect lail to perfenn, d:scharge, exccvte, effect, tompfet~, co:nply with and abide by this covenant, o. any part hrreof, said MI~RTGAGEE may pia~e a~~o p3y ior such insur.~nce or any part th~reuf w~thout waiving or affec~ing any opt~on, lien, equ~ty, or riyM undr~ o~ by virtue of th~s Mortgage, and the lvll amount of each a~d r:ery such paymem shall be immediately due and payabie and shall bear i~terest from tha dete thereof unrii paid at the rate of ~~~ne per crntum pe~ ar.num and to~_•~h.r ~nh such inreres~ shaii be sacured by the lien of th~s mortgage. 4. To pcrm7t, commit or suSfer no waste, ua~pa'umeM o~ deterioration of said property or any part thereof. 5. To pjy all and s+ngular the costs, charges and expenses, including a reasonable at~wney's fee and cosrs of abstracts of title, incurred or paid at by s~~d 610RTv:+v:E, Lrca~er w~~~ ~h,: r~a~~i of ihr fi;ire on the part of the s~id MORTGl~GOR ic du!y, ~co:r~pHy and f~ily ~.for+r. d~scharge _.~cute, efiec~, comp:cre, comply wrth ar,d abde by ea:h and every the stipulauons, agreen~ents, cond~t~ons, and tovenanrs of sa~d proro~ssory note ar.d ihis ,~oitgage any or e~~her, and sa.d costs, chargrs ar.d expenses, each and every, shall be immrd~ately due and payab:e; whc•ther or not fhere be not~ce d= r-„nd, atten,pt to cot~ect or suit pend~ng; and the (ull arnount oi ea.h and every such paymem shall bea~ ~nt.:res~ from the date thereof until paid at the ~ o~ ~~~ne cer c.~n:u~n µ~r em~~.~~; aii sa~d cc:sts, charges and ex~rnses incwred or pa~d, ~og~ther w~th such imerest, shall be secured by the iien of th~s mOrtgage. ~ 6. That (al in the event of any breach of this Mortgage or default on tF,e part of the MORTG~GGR, or ;b) in the event any of sa:d sums oi money he~ein referrrd to be not pra~nptly and fu~ly paid w~~hin th~rty (301 days nex~ at~_•r the sa~ne se.era't~ becc,me due ar,d payabte, without demand or netice, or ~c} in thr e•+ent aach ar.d evary the stipv~ahons, agreements, condtions and covenants of sa d prcn,~saory note and th~s mortgage any or enh¢r a~e nol ~~ty, pro~nptly and iuily perfo~med, d.scharg.~d, eaccuted, effected, completed, compGed w~th and a6~ded Sy, then in e~ther or any such event the sa~d ag- 3r•~yate svm mennoned in said promissory note ~hen remaining unpaid, with interest accrued, and a~l moneys setured hereby, shall become d~e and pay- ab:c `ormwith, or ti,~rear~er, at rhe oor~on of so~d MORTGAGEE, as fully and comp(etety as if all of ~he satd swns of money were or~ginaily shpu;aied to be pa.d on such d~y, anything in sa:d p~om~ssory note or in this Mortgage to the coro~ary notwithstanding; and thereupon or thereafter at the opt~on of s~:d h10RTGAGEE, w,~thout not~ce or demand, suit at law w in equity, therefore or the~eafter beg~n, may be prosecuted as if all moneys secured hereby r„d matured pr~or to ~ts inst~tut~on_ 7. That in the event that at ~he beginn~ng of or at any time pend~ng any su~t upon this Mortgage, o~ to (orec!ose it, or to reform it, or to enforce ; ayment of any cia+ms hereund-~r, said MORTGAGEE shall apply to the Court having ~urisd.cnon lhereo4 ior the appointment of a Receivet, svch Court shail t~~thwith appoiM a receiver of said mortgaged property all and singular, includ~g atl and s~ngu~ar the incon;e, prolns,-issuet and revenues from whatever scv~ce der~ved, each and every of wh~ch, ~t being expressty understood, is herrby mor~gaged as if spec~fically set forth and dese.ibed in the granting and r.~oendum cia~ses hereof, ar.d wch Receiver shali have ail the broad and efiecrive funct.o~s and po~.vers in anywise envusted by a Co~rt to a Rec.:iver, and s.ch dppOinimcnt shall be made by such Court as an ad~.~i~ted equity and a maner o{ absoi~ie ~~ght to sa~d h10RTGAGEE, and w~thaut reference to ths a:!~~q~scy Or inadeq~acy of the va:ue Of !h-r property mortgaged or to ihe so~venty or ;nsoi.•ency of sa~d MORiGAGOR or the defendants, and ~hat svch .•~is, profi~s, inco.ne, issues and reven~es shall be app;ied by such Receive~ accord~ng io the Gen or rquity o( sa~d MORTGAGEE and the practice of wch Couri. . 8. To du'y, promFt'y and fuliy perform, d:scharge, execure, effect, cornplete, comply w~th and abide by each and every the stipulations, agreements, ,~^d~t;ons and covenanis ~n sa~d promissory no:e m:d sh~s mortgage set forlh. 9. That in the event :he ov~ne.sh~p of the mort~aged prem~ses, or any part thereof, 6ecomes vested in a pe~son other than the MORTGAGOR, the ~RTGAGfE, its successors and asvgns, may, w~thout no~ice to the MORTGAOR, deal with wch successor or wccessor in interest with reference to th~a ;•tgage ard the d_•ot hereby secured in the same mar.ner as with Llortgago~ witho~t in any way vit:ating or d~scharging 1he hlortgagors' Iiabilfty here der or upon the debf h~reby s~cured. No sa?e of the premises h=reby mortgaged and no forbearence on the part of tfie 1110RiGAGEE or its successors ~iss~g~~s and no exrens;on of she r~me for rhe payrnent of the debe- hereby secured given by ~he hM1ORTGAGEE or its wccessors or ass:gns, a~~ail operete ~o re~ease, d~scharqe, mod~fy change or aifect the orlg~naf liau~i~ty of the MORTGAGOR here~~, eithe~ in whole o: in part. 10. It is speuf~cat!y ag-eed that time is of the esse~ce of th~s contract and that no waiver of any ob!~gat~on hereunder or of the obligation se- c~red hereby sha~t at an~ te~~~e tiirrraiter be hc:d to be a waive~ of the ferms hereof or of the instr~meni sewred herby. 11. In .::~d t:~,.~ ~o nc~- foreqo ~ro~~th!y p~y:n~~nts of princ pal and int~~rest requ~red by the prom sscry no!e secured hereb~, mortgs~or tovenantt d ~gr_es to ;~ay t0 ^w:ty3)~f v.~!R each ~nontn:y pa~~.,ent an ad•J~nonal sum est~n.ated by mortgagee to be equal to 1. 12 of the annual cost of the foliow- A-AH real t;rop^r!~ ta~~s Ir:~_d or assesseu ag~i•ist th~ aoove describcd real estate. 6 Pr ••:::u rs on f~re a~:d ~v.ndstorm mSVrdr~z as nere~n requ:red to be carried en the im, rovemeats s:tuate on the aFwve d_scribed premises. C-Pre~~,u~~s o~ zuch ~•ort~;qc guaranty ir.sura~,ce as mortgagee shafl frorr Y.m.e to t~me deem fit to carry on the I~an secured hereby. .'~o~tgaaec r:~': f~c~n t~•~,e to t,n,e net~fy mortyagor In writ~ng of ihe amo~~t d~e and payabte hereu~dar and such su~n shall therevpon be due and 'i .._::,!e o~ ff1•_ GJC UJt~.• OT eF~e re.t «:o:~th:~ payn,cnt and each successive momh thereaftar ur.tii mortqagee shalt not;fy mortgagor of a change in such ' ,.;;.t. Such s.rns sFa:i i~e a:;p•:~~~d ~y mortgay~ze toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance i e•n~ums. i f IN '.'JIT~IESS ::NEREOF, the sa~d 10RfGAGOR has hereu~to set his hand and seal the day and year f' t afor aid. ~ S~g ed, a deii in t p+esence oS: ~ C( ' s-!~ ' (Seaq ` ` Herbert A. Martin ts~aq ~ _ ~~~~YI. cs~an _ Ollie M. Martin ~~aq S:ATE OF fLORIDA ~uL'!~TY OF St . Lucie j Before me persona{fy appeared Herbert Martin ~end ~ 01 1~ M art i n his wiie, to me well known known Ao me fo b! r1 ir.dividuals described in and who executed the foregoing instrument, and acknowtedged before me that they executed the sarrie ~4b~. the Qu~s. rh•are~n expressed. And the said__ Ollle M. Martin ~i ~ Herbert A. Martin " ~ " nlEe of the sa~d •'upon~ geparbte and,pSiY~te ~ e•am~nat~oo by me taken separafe and apart from her said husband, acknowledged to aod before me that she ezecuted said ir~ttlrur»ent~~reely andvof~o- ~3•~:y and wnho~t any compulsion, constra~nt, apprehens:on, or fear of or from her said husband. ~ : ~ {j~ October - =72 ~ WITNESS my hand and offiual seal this_ _ ~ day of ~~1 Q. 19_ ? n ~ ' r ~ t^ Notary Public in and for the a~)1 Florida {~_{a~pe:~ ~ My Commasion expires: . . !1 Retum To: NOTARY PUB.IC, STA1E nf ~~R1~A et LARGE ~ First Federal Savings a loan Associafion MY C0+1': i~"10:~ EJ(F:"`E~ SE'"r'T. 25. 1975 ~ s Uf i~~r P~-ce BonQc~t B~ Amec,~en ~~~~ers ira;.rance ~o. fort P~trce. Fic;r;d.+ " ~ ~ fIIED AN~ RECORDEO S? ROCEFCPO 1RAS `A. ~ ~ This Instrument Prepared By J. H. Roberts ~ Jr . CIERK CtZGU~= COURt, ~ Firss Federal Savings ~ Loan Association RECOp~ VF`~''~EO~ of Fort Pierce~ Florida ~1 b 9i~ AH ~72 ~ Checked By ~ ~ ~ BOOIC 2~6 PACE~9~lV ~39309 ~ . ,r - - - _ ~z~ ~ P~ r ~ , . _ . s .