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HomeMy WebLinkAbout1350 ~ } ~ 3. To piace and co~tinuousty keep on the bui:dinys now o~ hereafte? ~ituate on ~aid land and on alt equip~nent and personal~y covered by this mor age, w~th all premiums ~he~eon pa~d in full, fire insurance in the usual standard poticy form, in a sum aHp~oved by the MORiGAGEE, and wlndsto ~nsuiance +n ihe usual siandard pot,cy form, in a sum ~pproved by the MQRTGAGEE, in such tompany or compan~es as the MORTGAGEE m ~irett; and all ii~e and w~rds~orm insu~ance policies on any of said build~ngs, any interest the~ein or part thereof, in the agg~egate sum aforesaid in excess ~hereof, shall contain the usual standard morfgagee clavse or such other clause as the Mortgagee may requ;re, making the lou unde~ sa~d po c~rs, each and avery, payab!e to saia h1pRTGAGEE as its interest may appear, and each and every such po~icy shalt be prompfly ass gned and delivered ~ any held by said MORiGAGEE as (urther security to said mortgage debt, and, not leu than ren (10) days in advance of the expiration of each policy, to d< i I~ver to said MORTGAGEE a renewal thereof, toge~her with a receipt for the premium of suth renewal; and theru shall be no f~re o~ w:ndstorm insuranc + placed on any of .said buildings, any ~nterest therein ot part thereof, unless in the fam and with the los: payabte as a(oresaiu; and in the event any sun of money becomes payable u~der such policy or policies said MORTGAGEE shall have the option to rec=ive a~d apply the same on account of the indabted ness sewred hereby w to permit aaid MORTGAGORS ro receive and use it or any pa~t therref tor e~~•~r pur;ozrs, v.:~hout th~~~u~ .vai~in3 or m,p~ir ~ ing any equ~ty, lien w right under w by virtue of this ma-!gage; and in ~he event sa~d MORTGAGORS shall .`or any reason fail to keep the said premisrs so ~ fnsured, or fail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, or fa~i promptly fo pay fully any premi~~n the~efo~ or in a~y ~ re:pect iail to perform, d~scharge, exxute, effed, complete, comply with and abide by this covenant, or any part hz.eof, sa~d MORTGAGEE may place and pay fw such insurance or any pait thereof w~thoul waiving w affecring any option, lien, equ~~y, or righ~ under or by virtue of this Mortgage, and the f~ll arnount of each and every such payment shall be immediately due and payable snd shall bear interest from the date thereoi until paid at the rate ot nine per centum per annum and to~ether ~nith such interesr shall be secured by the lien of this mortgage. 4. To permit, tanmit w suffer no waste, impairment w deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonabte attwney's ~ee and costs of abstracts of title, incurred or paid at any time by said MORIGAG:E, because or in the eveM of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~(orm, discharge. zxecute, effecf, complete, comply w~th and ab:de by eacfi and every the stipulations, agreements, conditions, a~d covenants of said promissory note and this ~ mor(gage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether ~+r no! there be notice dz mand, attempt to colled or suit pending; and the full amount of each and e~ery svch payment shall bea. interesl from ~he date thereof until pa~d at the ~ore oi nine per centum p.:r anoum; and aU said cos~s, charges and expenses inturred or paid, togather ~vuh wch interest, shall be secured by the lien of this ~ mortgage. ~ 6. That (a) in the event of any breach of this Mortgage or default o~ the part of the MORTGAGOR, or (b) in the event any of satd sv~++s of money herein referred to be not p~omptly and fu:ly paid within thirty (30) days nexl after the same seve~atly Eecome due and payable, without demand or notice. or (cy in tht event each and every ~he stiputations, agreements, conditions and covenants of sa,d promissory note and th:s mortgage any o~ either a~e not ~uly, promptly and fully performed, d~scharged, executed, effected, comp~eted, complied with and abided Sy, then in either or any such event the said a9- g~egate sum mentioned in said promisswy nore then" remaining unpaid, with interest accrued, and a~t moneys secure~ hereby, ahall become due and pay- ao~e ferthwith, or thereafter, at tbe option of said MORTGAGEE, as fully and completely as if all of ~he said sums of money were onginatly stipuiated to be pa~d on s~ch day, anythi~g in sa:d promissory note or in this Mortgage to the contrary notw:thstand;ng; and thereupon or thereafter at the option of sa.d MORTGAGEE, without notice or demand, suit at law w in eq~ity, therefore or thereaiter be9un, may be prosecuted as if all moneys secured hereby n;:d matured pnot to ns institution. 7. That in Ihe event Ifiat at the beginning of or at any time pending any suit upon this Mortgage, or to fweclose it, or fo refo~m it, or to enfwce r.ayment o( any claims hereunder, said MORTGAGEE shall apply to the Court having jur~sdiuion thereof for the appointment of a Receiver, such Court shall fofthwith appoiN a rece~ver of saici mortgaged property all and singula?, inciud~ng all and singular ~he ~ncon,e, profits, issues and revenues from whatever so~:rce derived, each and every of wh~ch, it being expressty understood, is hereby morigaged as if spec:fically sei forth and dexribed i~ the granting and ~ h3benduin clauses hereof, and such Receiver shall have all the broad and effective func!.ons and powe~s in anywise entrusted by a Court to a Reteiver, and s, ch appointment shall be made by wch Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference to ihe adequacy or inadeq~acy of the value of the property mongaged or to ~hs sotvency or insolvency o( sa~d MORiGAGOR or the defendants, and that svch r~~,~s, profits, inco~ne, issues and revenues shatl be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pradice of such Courf. 8. To duly, promptly and fully perform, d~scharge, execute, eifect, complete, comply w~th and abide by each and every the stiputations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. Thaf in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other than 1he MORTGAGOR, the htORTGAGEE, its successors and assigns, may, wirhout notice to the MORTGAOR, deal with such successor or svccessw in interest with reference to this n~ortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scha:ging the Mortgagori liability herc ~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors c,r assigns and no extension of the time for the payment of the debt hereby sec~red given by the MORTGAGEE or its successors o? auigns, ahall opera?e to release, d~scharge, m~dify change or affect the original liab~lity oi tFe N~ORiGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver o( any obligat~on hereunder or of the obligation se- cured hereby sha11 at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. 11. In ar~d:tio~ to the forego'n9 momh!y paym~nts of princ'pal and interest required by the prom:ssary no!e secured hereby, mortgagor covena~ts ~~;d agrees to pay to mo: rgagee with each ma~thfy payinent an add~+ional sum est~mated by mortyagee to be equal to 1% 12 of the annual cost of ihe follow- ~ ,y: 4-All real propcrty taxes levizd or assessed agai~~st the above described real estate. B-Prem~ums on fire and windsto:m insurar.ca as herein requ~red to be tarried on the improvemeats s~tuate on the above d~scribed premises. C-Prem~ums on wch mortgage g~aranty ir.sura~,ce as mortgagee shall from t;me ro time deem fit to carry on the loan secured hereby. Mortgagee sha!I from time to t~me not~fy mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and E ~ ayable on the due date of the next month!y payment and each successive month thereaft~r until mortgagee ii~all notify mortgagor of a change in such ~ ~•.ovnt_ Such sums sHali be apQii2d by mortga~ee toward the payment of real property taxes, insurence prem~ums, a~id mortgage guacanty i~surance ~ p~emiums. t ' IN VJITNE55 'NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and eha first aiwesaid ~ ~ Signed, Sealed and delivered in the presence of: J ~ f i < Sean (Sesp i 3 (Seal) ? 's (Seap S SiATE OF FLORIDA 1 ~ St . Lu /,ie u- ~ courerY oF 1 Befwe me personally appeared C1~ T~- Casey, a single adult ~ his_wite, to me well known and known fo me to be th~ individua~ described in and who executed the foregoing instrumeM, and acknowledged before me that !h~ exxuted the same for the' purposes t! ~ therein expressed. l~ 3Fie~ai~, - , w ~e-~f ~hrasid eporr e,~spa+M~~W~d,p~b exam;oation~ylne_takeri sepaca~and .apaulrow~wr-said ~rsbaad,-eckwowledged ~o- snd-baforo sne -tbat- ~I» ozewted said iwsu~kWt? {~wd-+41u1r ~ t~uiY. d~ld_~eutbaui ~nY ~a~nAu{sron. tanstraint,. appteheasim.-ot Jeat cLor~~m ~rsaid hushaoti . _ , y k~- day of OCtober ~ p'~~ .?2.' ~ WITNESS m hand and official seal this ' ~ • • ` ~ F, - _ ~ otary Public in and (w the ~oP~F~ori at~r~e~ t My Commission e:pires: = • ~ • ~ ~ Return To: ' w ~ q,a' ~ ~ First Fetieral Savings 3 loan Association ~`~9~~ ~ Of Fo~t P~erce. MY ~~~~S~~~PI p•~~ dond~d Thru Gei{er~l inau,~ iranp~~• 19I5 Fort Pirrce. Florida ~ . , • / fILEO AMC REC~ROE~ ~ i ?s , f?. LUCIE COUN Y F~ • C~Ea~ Gti; CU1t COURT This Instrument Prepared By Richard K. Kayes R~C~R p First Federal Savings & Loan Association RECOf~D Y«'~f1E0~.~+'~" of Fort Pierce, Florida ~ 4S ~y Oct 2~1 ~a~ Checked By ~ 2442'71 ; 5 °~~R~. ~U 7 Fnc~ 13~ ~ . y ~ . . .