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HomeMy WebLinkAbout2167 3. To p~ace and continuously keep on the bui!dirgs now o~ hereafter sifuate on sa7d land and on alt cqulp~r.ant and personally covered by this mor age, w~th all prem~ums thereon pa~d in (uil, fire insurance ~n the usual stara~ard potity form, in a wm aHproved by the MORiG.>GEE, and windsto ~nsuran~e in the usual a~andard pol.cy form, in a s~m a;~proved by the MORTGAGEE, in suth company or companies as the MORTGAGEE m d~~ec~; and atl firo and winJsrorm inwrance pol;c;es on any of said b.iild~ngs, any iNerest fherein or part thereol, in the aggregate sum aforesa~d in excess ~hereof, sha~ conrain ~he usu~l standard mortgagee clause w such o~her tlause as tAe hlortgagee may requ~re, ma~ing thr loss u~Jer s~~d po c~es, each and eve~y, pay~bfe to zald A10RTGAGEE as es imerest may appear, and each and eve~y such po~~cy shall be promptly ass gned and dei~vered s any held by sa~d hlORiGAGEE as f~rther security ~o said mortgaye dabt, and, not less than ten (10) days in advance o1 the expirarion o( each policy, to d. ' Gver to aaid MORTGAGEE a renewal thereof, Ioge~her wi~h a rece~pt for the premium of such renewat; and rhere shai! be no i~re or winds~o+~n insurant placed on any of said buildings, any intc~est therein or par~ thereof, unfess in the form and with tt~e ~oss payabte as a4o~esaid; and in the event any sun of money becanes payabte under such policy or poGcies said MORTGAGEE shall have the opYOn to recrive and app`.y the same on accowd o( the indebrrd nens sew~ed hereby or to permit safd MORTGAGORS to receive and use il or an~ pa~l ther~~of tnr o:i,.•r Hu~; oirs, ~v:i~~.~t th~•~ur vr nnp,,~r ing any equ~ty, lien or ~~ght under or by virtue of this mor'gage; and in the event sa:d MORTGAGORS shatl for any reason iail to kecp the sa~d pre~nises so ~nsured, or fail to de~ivcr promptly a~~y Of said pol~ties of insurante to said'MORTGAGEf, or fai! prompdy to pay fuily any prem;um therefor or in any reepect fail !o perfo+m, d;scharge, eaecute, effect, complete, comply wirh and abide by th~s cove~ant, or any part hareof, said MGRiGAGEE may place antl pay for such insurance or any part thereof wilhoul waiving or aftetting any option, lien, equity, or ?ighl under or by virtue oi this Mortgage, and the tull amo-rn~ of each and every s~ch payment shatl be immediately due and payable and shall bear interest irom tha date thereof until paid al the rate ol n~ne per cenrvm per annum a~d to7ethar v~•ith such interes~ shali be secured by the lien of this mortgage, 0. To permif, commit w suffer no waste, impairme~t w deterioration of said property or any part thereof. 5. To pay all and singuiar the costs, charges and expenses, including a reasenable at~o~ney's fee and cosrs of abstracts of fitle, incurred o+ paid at a~,y time by said MORiGAGff, bec.~use or in the event of the fa;lure on the part of the said MORTGAGOR to duly, pro~nptly and futly per(orm, discharge. a<ccute, effett, comptete, tomply w~th and ab:de by each and every the atipulanons, agreenients, conditions, and covenants oi said promissory note and ~his ~:orrgage any or ei~hrr, and sa:d costs, charges and expenses, each and every, shall be immediately due and payab:e; whether or not there be notice da mand, attempt to tollect or suit pend~ng; and the full amount of each and every such payment shali bear interest ftom the date thereof until paid at the o+ nine per centum per an~wnr, ~n~ al! sa~d tosts, charges and exprnses incurred or paid, together w~th such interest, shall be secured by !he lien oi th~s mortgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in thr event any of sa;d sums of money he~ein referred to be no~ promptly and iully paid within th~rty (30) days oex~ after the same severalty become due and payable, without demand or notice, or (cy in the event each and every the stiputat+ons, agreements, cond~tions and tovenants ot sa.d prom~ssory note a~d th~s mortgage any or either are not i~ly, pro~nptly and fu:ly periormed, dscharg_d, ezecuted, effected, completed, compfied wiih and ab~ded 5y, then in e~the~ or any such event the said ag g~egate sum mentioned in said promissory note then remaining unpaid, wifh inte~est accrued, and a~! moneys secured heieby, shall become due snd pay- ab e fo~thwith, or thereafter, at the opr~on of said MORiGAGEE, as fully and complcrely as i( all of the said wms of money were or~ginally stipulated !o be paid on such d~y, anything in sa:d pro:n~ssory note or in this Mortgage to Ihe contrary notw~thstanding; and thereupon or thereafter at the optian of sa d MOR7GAGEf, withour norice or demand, suit at !aw or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r.~d matured pr~o~ to ~ts institution, 7. That in the event that at the beginning of or at any time pending any s~it upon ?his Mortgage, or to fpeclose it, or to reform it, or to enforce 1 G~Ymfnt of any tfiims he~eunder, said MORTGAGEE shall apply to the Cour~ having rynsd:ct~on thereot ior the appoimment of a Receiver, such Court shall f ic:thwith appoim a receiver of said mortgaged proper)y al~ and singular, indud~ng aU and singu~ar the income, profds, issues and revenues from whatever saurce derived, eath and every of whrch, it be~ng expressly u~derstood, is F.ereby mortqaged as if spec;ficaiiy set (orth and destnbed in tbe granting and %:ebendum clauses hereof, and such Receiver sha14 have all the broad and eifective funct,ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appointment shalt be made by such Court as an admitted equity and a matter oi absolute right to said MORSGAGEE, and witlwut reference to fhe adequacy oi inadequacy of the value of the property mongaged or to the so.vency or insoive~cy oS szid MORiGAGOR or the defendants, and that such re-,rs, profits, incane, issues and revenues shail ~ apptied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice o! such Court. 8. To duty, promptfy and fulty perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, o~nditions and covenams ~n sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged pren,ises, o~ any part thcreof, becomes vested in a person other ihan the MORTGAGOR, the ~RTGAGEE, its successors and assigns, may, without notice to the MOR7GAOR, deal with s~ch svccessor or svccessw in interest with reference to this rfgage and the drbt hereby secured in the same manner as wi~h Mo~tgagor without in any way vit~ating o~ d~scharging the Mortgagors' liability here~ ~~,der or upon the debt hereby sec~red. No saie of the premises hereby mortgaged and no iorbearance on ~ne pan of tha IAORiGAGfE or its successois or ess~gns and nc extension of the time fcr the payment.of the debt h~reby setured given by the MORTGAGEE or its successws or ass~gns, ahall operate ro re~ease, d~scharge, mod~fy change or affect the orig~nal liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed thaf time is of the essence of this contract and that no waiver of any obtigat~on hereunder or of the obligation se- c~red hereby shaii at eny time thareafter be held to be a waiver ot the terms hereof or of the instrument secured herby. 11. 1n a;id tio~ to the forego:ng momh!y payments of princ pal and inte~est required 6y the prom[sicry no!F secured hereby, mortga~ar covenanis +-.d ag~ces to ~ay to rtzortgagee ~n~th each mon+hiy pay~nent an add~rional sum est~mared 6y mortgagee to be eq~ai to 1; 12 of the aro~ual cost of the follow- ~~,:3: A-Afl real property taxas fevied or asseszed agai•ist the above descri~ed real estate. B-Fr~m u ns on fire and w~ndstorm insurac~e as herein requ~red to be carried on the lmproveme~ts sltuate on the above d_svibed prem~ses. C-Premivms on wch mort~oge guaranty ir.s~ra~.ce as mortgagee sha(1 from t~me to time deem fit to carry on the loan secured hereby. I'~ortgagee s!~ait from t~me to t~me not~f•; mortyager i~ writ~ng of the arnount due and payable hereundar and svch surn shall thereupon be due and ,„hte on the due date of ~he next month:y paymero and each successive momh thereaftcr untii mortgagee shall notlfy mortgagor of a change in such ~ o~nt. Such wms sha~l be a;~p:ied bY mortgag=e toward the payment of ~eal property taxes, insurance prem:ums, and mortgage guaranty iniurance en;iums. IN Yl17P~ESS l/HEREOF, rhe sa~d MORTGAGOR has hereu:~to set his hand and seal the day and year fir~t aforewid. Signed, Sealed and 'vered i the presence ofc `1 L I/~~~- ~ - +1 `~~ii. ~ / ) (Seat) :j- 1;' 1 ~ ` fl _ ! r i y~L ~L ~ ~-G- (Scal) ~ (Seal) (Seal) ;TATE Of FLORIDA ' :~~U'~TY Of St . LL1Cle ; j ; Before me personally appeared John DeV ene re a~ _ ~ .loan [i. DeVenere his wite, to me weU known and known to me to be !n: individuals described in and who executed the foregoing instrument, and acknowledged before me lhat they exec~ted the same for the purposes iherei~ expressed_ And the said Joan i~1. DeVenere .~~re of the said .7ohn DeV~nere upon a separate and private e.am~nat~on by me ta4en separate and apart from her said husband, acknowledged to and before me that she executed said inattument freely anc~ volun- ra-~ly and w~thout any compu~sion, constraim, appre, n~ry or fear of or from he id husband. h Oc ober 72 WITNESS my hand and official seal this__ day of 'A,', rj; •)q ' ` ~ ~ , Notary Public in nd f r fhe S1ate 8f Fi~rid at rg~ My Commission expir s: V J c.+ Retum To: ~ - ~ ~ : Firs1 Federal Savings 6 Loan Association ' . ~ f 'n 3 . ~ ~ Of Fort P erce. - T ' F • . • • . Fort Piarte, Florida , / ftLEO Ak4 RECORDEO ST.IUCiE COUNTY FLA. This Instrument Prepared By ich8 rd K. KayesClERK CtnP111;RC0URT First Federa) Savings & Loan Association of Fort Pierce , Fl~ric~a aceo~o~E~~~~~EL-.~~~+- Checked~ By,~____ OcT 34 9~3 RN BQOK~U~ i'ACEz~,~ 24~893 ~ ! JS ~ _ ~s> ri ':~=a~._ .