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HomeMy WebLinkAbout2165 3. To place and cont~nuously keep on the bu~'d~ngs now or he~eafter ~iluate on sa~d tand and on ~C eq~;p~nent and persona!!y tove~ed by th;s mor age, with all premiums thr~eon pa:d in fuU, f~re insurance i~ the uwa{ sta~xlard poliCy fprm, in a sum aHprcved by Ihe I'dUR~vAGEE, and windifo ;nsurante in the usual at~nda~d pof.cy io~~n, in a su~n approved by the MORTGAGEE, in such company or compan:es as the AtORiGAGEE m d~~ecr, and aIl tfre and w~ndsto~m insurance policus oo any of said build.rx~s, any inte~est therein or part thareof, in the aggr~gate wm aforesaid in excess thereof, shalt :ontain the usual sta~,da~d ~rorigagee clause o~ wch ofher ciause as ~he Mortyagee may ~equ.re, making th~ ioss under sa~d po c~as, each and every, pay~b!e to sa~d h1QR1GAGEE as ~ts interesl may appear, and each and every such pa:~c/ shail be p~ompt~y ass gned ar.d dr~ivered ~ any held by sa~d h10RJGAGEE as fur~her secur~ty to sa~d mongage debt, and, not tess than ten (101 days in ad.ance of the exp~rat~on of each pol~cy, ~o d~ I~ver ~o sa~d MORiGAGEE a renewal thereof, together with a rece~Nt fw the premium oi such .enewal; and ~here shall be no f~re or windsto~m insuranc p!aced on any of said b~itd~+igs, any inrcrest there~n or pan the~eof, unless in the form and w~th the loss payabfe as aforesaid; and in ~he eveM any sun of money becomes payab!e vnder such policy or pol~cies said MORTGAGEf shall have the opt~on to rece~ve and app!y the san~e on account of the indrbfed ness seCUrru t~ereby cr to petmit Sa~d I~IORTGAGORS to reCeive and use it Or dny part the:eof ior o;n•,r pur; ~sc•S, ..,~nc~t th~•~ n; yti i+i i) c~ u~ip,.ir ;ng any equ~ty, :len or ri9ht under or by virtue of this mo:'gage; and in the event said A10RTGAGORS shjll :or any ~eason iaii io keep the :a~d premises so ~nsurcd, o~ (ail to delive~ prcmptly any of said poiieies of insurance to said MORTGAGEE, or f~i! p:omi~tly to pay fu~ly any pre~nium therefor or in any ~espeq fail to pe.form, discharqe, exewtr, elfec~, comptete, canply with snd ab~de by thls covenant, or any par~ hareof, said Ml~RivAGEE may piace a•~o pay for such insurance or any part thereof w~thout waiving or affecting any opt~on, lien, equity, or r~ght undtr or by virtue of this Mortgage, and the full amo~nt of each and every such payment shall be immediatety due and payable and shall bear i~te~cst ?rom the date theieof until paid at the rate o1 n~ne per cemum per ann~m .,nd to~ether wlth wch interest shaii be secured by the lien of this mortgage. 0. To permit, commit or suffer no waste, impairment w deterioration of said property or any part the~eof. 5. To pay atl and singula~ the cosls, charges and expenses, including a reasonable aftorney's fee and costs of abstracts of title, incuned or paid at any time by said MORfGAG:E, because or in the event of the fa~iure on the part of the sa;d MORTGA~OR to duly, prornptly and f~tly perform, d~scharge. e*ccute, efiect, canplete, w,.:Y:y w~th and ab:dr by each and every the stipu~a~~ons, agreements, condit~o~s, and covena~vs oi said promissory note and th~s ,~ortgage any or eitner, and sa•d costs, charg¢: and expensei, cacti a~±c~ every, shatl be immediatety due and payabte; whether o~ not ihere be nonce d~ mand, atiempt to collect or sui? pendmg; and the full amount of each and every such paymem shall bea+ interest from the date thereof until paid at the of nine per centun, N~r am~~:n; ~+n.! all said cosn, charges and ex~enses irxurred or paid, togetl~er wah such ~roerest, shall be sec~red by the hen oi this mortgage. 6. That (a) in the eveM of any breach of this Mortgage or default on tne part of the MORTGAGOR, or ~b) i~ the event any of sa:d sums of money herein referred to be not premptly and futly paid within thirty (30) days next attcr the same severa':y becomz due and payable, wi~hout demand pr notice, or ~c) in thr event each and every the s~iputations, agreements, cond~tions and covenann ot sa,d p~omisso~y note and th,s mortgage any or either are not iu:y, promptly and iul;y perforrned, dacharged, executed, effected, compteted, comp:ied with and ab~ded yy, then in e~ther or any such event the sa~d ag ~r~•yate sum menhoned in said promissory note rhen remaining unpa~d, with interes~ aa~ued, and a~l mon~ys secu~ed hereby, shaN tsecome due and pay- ' eo,~• forthwith, or rhereattei, at the option of said MORTGAGEE, as fully and comp;etely as if a~t of the sa~d wms of money were or~ginally st~pu;ated ro be pald on such d~y, anythirtg in sa.d pro:n~ssory note or in this Mortgage to the co~trary norNi~hsrand~ng; and there~pon or thereafter at the op~~on of sa:d MORTGAGEE, wnhcut noGce or demand, sui~ af law w in equity, the~e(ore o~ thereaf~e~ begun, may be prosecuted as if all moneys secured hereby ` r_d matured pnor to ds insti~~t~on. 7. That in trte event that at the beginning of a at any time pending any suit uF,on this Mortgage, or to forectose it, or to reform it, or to enfo?ce - ~:ayme~t of any ciaims hereunder, said MORiGAGEE shall apply to the Court having jurisd~crion rhereof }or the appo~mmeM of a Receiver, such Courf shail fcrrhwith appof~~t a receiver of said mortgaged properhy all and singuiar, incl~d,ng all and sinqular fhe ~ncome, prohis, issues and rev~nves irom whetever ~ s,_ v~ce dcrived, each and every of whrch, it being expressly unders~ood, is hereby mortgaged as if spzc~ficalfy set forth and described~in the granting and ? f,bendum cfauses he~eof, and such Receiver shali have all the broad and effect~ve fu~~a,ons and powers in anywise emrusted by a Court to a Receiver, and ~ s;h appoinfinent shall be made by such Court as an admitted equity and a matrer of absolute right Io sa+d MORTGAGEE, and without reierence to the e,:.,quacy or inadequacy of the va(ue of.the p~operty mortgaged or to the so:vency or ~n:o~vency ol sa~d MORTGAGOR or fhe defendants, and that such = •~rs, profits, inco~ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or ~quity of said MORTGAGEE and the praUice of wch i Court. S. To du1y, promptly and fu~~y perform, d~scharge, execute, effect, complete, compty with and abide by each and every the stipulations, agree~nenfs. condifions and covena~rs in sa~d promissory note and th;s mortgage set forth. A 9_ That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :'.~RTGAGEE, its su:cesson and assig~s, may, without nof~ce so the MORTGAOR, deai with such successor or successor in imerest w~rh reference ro this o•tgage and rhe deut hereby sewred in the same manner as with blortgagor without in a~y way viF.ating or discharging the /dortgagors' liability here- u• der or upon the debf here6y secur~.d. No saie of the Fremises he~eby mortgaged and no forbearance on the part of the /JIORTGAGEE or its successors or ass~gns and no exrension af the time for the payment of rhe debr h~reby secured given by the MORTGAGEE or its s~ccessors ot ass;gns, alzalf operate ro re!ease, d~scharge, modify thange or affect the orig+nal liau!~ity of the MORTGAGOR herein, either in whole or in part. - 10. It is spec~f~cally agreed that time is of the essence of this contraU and that no waiver of any obl~gat~on hereunder or of the obligation se- cu~ed hereby shali a~ any time th~reafter i~e he:d ro be a waiver of Ihe terms hereof or of the ~nstrument secured herby. ( l. In e;ld~tio:i to th~ fore3o"ng ~~~onth!y paym_n~s of princ pal ar~ inte~est .equ»ed by the prom:sscry no~e secured hereb~, morigagor covenanis ~ d agrees to pay ro ~:c-~g:,gee v.ith each monrhiy pay~.~ent an add~rional sum est~n ared by morrgagee to be eq~af to 1, 12 of tha annual cost of the follow- _:3: A-All real property taxes levied or assessed agai•~st thc above described real estare. ' B- Prerr,iJ~rs on f;~e and w;ndsto~~n insu~ar~e as nere~n req~:red to be carried en the improveme~ts s~tuate on the above d~sc.ibed premises. ~-Premiuins o~ such mortg;ge guaranty ir.sura.,ce as mo*rgagee shall froT cme to time deem fit to carry on the loan secured here6y. Mortgagee s~o'1 bom ti~„e to t~me nonf~ mortgagcr ~n writin9 of the amou~t dvc and payab~e hereundar and wch surn shall thereupon be due and ,,abte on rhe d~f ciate of the nexr n,o~,th:~ payn~n~-arrd-ed<h wccessive month thereaft.r ur.tit mcrtganee shall notify mortgagor of a change in such ount. Sucn sums sFa:i be applicd by mwtgagee roward the payment of real property taxes, i~surance prem;ums, and mortgage g~aranty insurance ,~~~e~nivmS. w~v Tr~~SS :~HfREQF, the sa~d MORTGAGOR s hereunto set bis hand and seal the day and year first aforesaid. S' ed, Sealed ~e!iv ea presence - ~ ~ . Seal) ' Susan~aze e ,a s gle , ~Seaq _ - (Seal) (Seap 5 ~ ATE OF FlORIOA ~ S5. COUIJTY OF ~ ~ 8efore me personally appeared Susan Hazellief, 8 8~l,gle 8d111f'i - - MlMt~e! to me well k~own and known to me to be ti~_ individua~ descrfbed in and who executed the foregoing instrumeM, and acknowtedged before me that ~ ezecuted the same 4or the pvrposes rh~~rein Qxpressed. It~lerlhrTeh!'~~~~~~~~~~~~Y~~~~~~~~~~~'N~r~r~N~~NN~~r~lM~~~~f~MM~~NM~M~M ~ ~y ~y{ ~~~Vr7~~C'SIIIOr~~~riN~~~~~r~~~WM~~~~MN!/~~~~~~~~lrfN~~r~M~~r~MwMMrr~ V~ _ __Yall?~~~~1iatQ lwe~twtslit~~b~+enr~el~lll~epebl~and~fe?f'~1dlf*~r~t1d"IfOSlf~fRrMRf1d40l1+!!gld~lell~blie~l4M!"11+e~~}~!!~!!tAl~lt~~la ~OtCf1? + ~.~rwi~writhev?~wreo~~pe}sielr, ee~~~leh~%"~PA~~1~`~"~~Of"!!?'ffbfR'fllP'lsle'11ETtlaAI~ in q~ WITNESS my hand and offic;al ~Pal this- day of r ~ A. D. 19_~~ ' Notary Pub ' in and for the tate of Florida at Lar~ My Comm ion expires: y~~ /.9' 7S Return To: First Federal Savings b loan Assoc~at~on f~OTARY Pt:i?: !C STATf OF FI OR10.4 AT f.ARa! ~ os Fo„ P._:~_. • MY cOMw1~~~loN EXPIRES AUG. 6. 1975 Foi~ P~e,cE, Fio~ida . " GENERAL INSURANCE UNDERWRITER$, ~(r~` -,~„~.~,a;~:•= ; ; . , ~ - • ' _ i • ,`T ' ' fIlEO AM4 RECORDEO This Instrument Prepared By y~jg~ E;~ _ ' 51.1~CIE GOUNTY f~~' i,-~~ First Federal Savings 8 Loan Association ROCE~ ~'Q~tAAS of Fort Pierce ~ F1C1'~da .,~'~J : ' CIERK CS:~C~It COURt ~ " 4' s ~ " ~ RE~ORL VE.°.'~tEO Checked 8y ' pct 30 9 a~ AH ~72 ~a~K 207 ~~~E 215~ ~Q~9~ ~ ~ - ~ ' - ~ ,