Loading...
HomeMy WebLinkAbout2815 :I t 3. To ptace and confinuously keep on ihe bu~'d~n9s nohr or hereafte~ ~ituate o~ said land and on alt ~q~;pment and personally covered by ~his mo~ age, w~~h ali p~emivms ~harean pa d in iull, lirc inswance in the usual standard po(ity (orm, i~ a svm approved by tha MORCGAGEE, and wi:idsro insurance in tha usual srandard pol:ty fam, in a aum approved by the MORTGAGEE, in such company or companies as• th@ MORTGAGEE m d~rect; and all iire and windstorm insu~ance policies on any of said bu+tdmgs, any interesl therein or pa+t the~eof, in the aggregate sum aioresaid in excess tF.rr~f, sfiall contain the usuai sWnda~d morrgagee c'tause or such other clause as !he Mongagee may requ,re, making ~he ioss undrr sa~d po c~es, each and every, payab'e to said A10RTGAGEE as as iroerest may appear, and each and eve~y wch po:~cy shall be promptly ass gned and de:ivered ; any held by sa~d MORTGAGEE as furlhrr sec~rity to said mo~tgage debt, and, not tess than ten (l0i days in ad.ance of the expiratlon of each policy,.to d~ I~va~ to sa+d MORIGAGFE a ~ener~al thereof, toge~her wifh a receipt for the premium of such renewal; and thrre shall be no iae or winds~o+~n insura~c placed on any of said bui!d~ngs, any interesl therein or part thereof, un!eas in the fo~m and wiih the loss payabte as afoiesaid; and in the event any sun of mo~ey becomes payable under such policy u pol~cies said MORTGAGEE shall have ihe opt~on to retaive a~,d apN!y ~he same on account of the indabfed ness scc~red hereby w to permA said MORTGAGORS to receive and us! it a any parl thrceof fo. o:i~~ r pu+; osrs ~~:+i,o~t th~~~~r .tiai.i.~3 cr nnp~ir ing any equ~ty, lien or right under or by virtue of this mo:'gage; and in tix event sa~d MORTGAGORS shall for any reaso~ fai! to keep the sa~d prem~sas so ;nw.ed, or fai! to deGver promptly any of said polEties of insurance to sa~d MORTGAGEE, or fa~l prompNy to pay fuily any pre~nium thcrefor o. in a~y respect fail to perform, discharge, exrcute, eHect, complere, comply with and abide by this cove~ant, or any part hrreof, said MQRiGdGEE may pface a-~d pay fo. such insurance o~ any part thereol without waiving a affecting any op~ion, lien, equity, or right under o~ b,r virtue of this Mortgage, and ~he f~l~ a~nount o( eath and every suth payment shall 6e immediately due and payable and shall bear interest irom the dete thereoi until paid at 1he rate of n~ne per centum pe~ dnn~m a~id to~ethtr with wch interest shafi be stcured by fhe ?ien of fhiS mortgage. a. To permit, commit or suffer no waste, impairment w deterioration of saij property or any part thereof. 5. To pay aN and singular the costs, charges and expenses, including a reasonable attorney's Fee and costs of abstrads ot title, incurred or paid at ,,ny tirr.e by said MOR(GAGfE, because or in the event of ~he failure on the part of the said h10RiGAGOR to duty, promptly and fvlly perform, d~sthsrge, execute, effeU, tomplete, comply w~th and ab:de by each and every the stipulat~ons, agreemeNS, conditeons, and covenants ef sa~d piomissory nole and this „origage any or e~~her, and sa:d costs, char~es and expenses, each and every, shatl be immediately due and payable; whefher w no~ there be oot;ce d~ m~nd, attempt to co~fect or suit pend~ng; and the full amouM of each and every such payment shall bear i~terest from the date thereof uroi! paid a! the r.,re o; n~ne oer cenrum F.er am~um; enC ali said cosfs, chafges and ~xpenses incurred or paid, togzther w~th such interest, ihall be secured by the lien of this morigdge. 6. That (a) in the event of any breach of this Mortgage or defaulr on the part of the N,ORTGAGQR, or (6} in the event any of sa;d sums of money herein referred to be not promptly and fu!!y paid ~virhin th~rty ~30) days next atter the same severa:ty oecome oue anu Noya~te, ..:t::;,,,t ~~^:aa~ ~otite, or (c) in tht event each and every the st~pulations, agreemen?s, tonditions and covenants of sa.d pro~nissory note and th~a mo~tgage any or either,are nol iu;y, prompily and f~ify performed, d.scharged, ezecured, effected, comptered, compl;ed with a~d rbided Sy, the» in euher oi any such event Ihe said ag ~~egate sum rnemw~~ru a~~.; r~uuniiJ:y ~~C~ ~L=R '°^+dl~~~Y3 ..npa~d, with interest accrved, and a:l moneys secured hereby, shall become due and pay- a5 e forthwith, or thereafter, at the oprio~ oi said 610RTGAGEE, as fully and completely as if aIl of thr sald sums oi money were ongina~ty snpu~ated f ro be pa~d on such day, anything in sa:d prom;ssory note or in this Mortgage to the connary notwithstanding; and IhEreupon or thereaiter at the option of s;!d MORiGAGEE, without notice or demand, suit at law or in equity, therefore or thereafier begun, may_be prosecuted as if all moneys secured hereby r d matured pr:or to ~ts institution. 7. That in the evenf fhat ar the beginning of or at any fime pending any suit upon this Mortgage, or to foredose it, or to reform it, or to enforce ~ymeN of any cEaims hereunder, said MORTGAGEE shall apply to the Coun having ~urlsd ction thereof for the appointment of a Receiver, svch ~our~ shall ro~rhw;th appoint a rece~~er of said m~rtgaged property af( and a~nguiar, ind~d.ng a~l ar.d s~nguiar the income, prof~ts, issues and ~evenues from whatever s_ u-ce derived, each and every of wh~ch, It be~ng expressly understood, is hereby mortgaycd as if speul~cally set ior~h and dest~ibed in the grantir.g and h~;;endum dauses hereof, ar~d such Receiver shall have all the broad and effectrve funct~ons and powers in anyw~se emrusted by a Court to a Receiver, and t s.;h appointment sha11 be made by such Coun as an admitred equiry and a matter of absolute r~ght to said MORTGAGEE, and withoul refere~ce ro the ~ z:i~a~acy or inadeq~acy of the value of t!~e p~oper!y mortga9ed or to the so~vencv or inso:vency of said MORiGAGOR or the defendants, and that such ~ re~is, profits, mco:ne, issues and revenues shafl be applied by such Receiver according to the lien or equity of said MORTGAGEE and !he practice of suth i CcurL f B. To duly, promptly and futly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemeMS, ~ :onc+itions and covenann m sa~d promissory note and ~h~s mortgage set forth. - 9. That in the event the owr.ership of the mortgaged premises, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the :'~RTGAGEE, its sutcessors and assigns, may, withovt no~ice to the h10RTG~OR, deal wnh wch sutcessor or svctessor in interest with refe~ence to this o~rgage and the d=of hereby secured in the same manner as with Mortgagor without in any way vinating w d~schargi~g the /dongagori tiability here- :.^der or uport the debt hereby sew~ed. No sa;e of the premises h~reby mortgaged ar.d no forbearante on the part of the /J10RiGAGEE or its successors c~ ass~9ns and no extens~~n of the time for the payment of the debt hereby secured given by the t110RTGAGEE or its successws or ass~gns, a~~all ope~ate +o reiease, d~scharge, modify change or affeU the orig;nat tiao~~~ty of the NQRtGACsOR herein, eifher en whole or in pa~t. 10. It is spec~fica!ly agreed thar time is of the essente of fhis contract and thaf no waiver of any obl~gat:on hereunder or oi the obiigation se- cured hereby shali at any time thereatter be he:d to be a waive~ of the terms hereof or of -the instrument sxured hcrby_ I 1. In aad t~o:~ so the foreao'nq monthly payments of princ paf and interest req~ired by the prom;ss.ry note secured hereby, mortga~or covenants d ag~~es to pay to n:or~gagee v~irh each ~nonrh~y Ney~,,e~~t ar~ o~,::::onal sum eu~mared by mortg3gee to be eaual to 1; 12 of fhe annual cost of the follow- ,y: A-Ali real property tax~s levic~ or assessed agai~~st thc above described real estate. 6 Fr~n,~ums on fire and windstorm ~nsurance as nerein requ~red to be carried o~ the ~mprovements s~tuate on the above descr~bed premises. C-P.e~~,i~:~ s on sucF~ mortgage guaranty ir.w.ar.ce as mortgagee shail from. t:me to rimc deem fit to ca~ry on the loan secured hereby. Mortgaqee s^:~~1 frcm Nme to rimr nonfy mortgayor ~n wrrt~ng of the amo~m due and payable hereundar and such sum shall thereupon be due and ;.,~.abte o~ th~ d~e tiata of fhe next month:r payment and each successive month thereafter uctil mortgagee sfiall not~fy mor,gagor of a change in such _?unt. Such sums sFa:i be appi'~ed by mortgay•.e tovvard the payment of real propeity taxes, insurance prem:ums, and mortgage guaranty insurance ,,•emiums. IN \'~~TPlESS 'NHfREOF, rhe sa~d MORTGAG02 has hereunto set his hand and seal the day an first aforesaid. i Signed, Sealed and delivered in tiie preaence of: ~ i j ` ($eal) i ~ • (Seal) j a (Seal) j ,i (Seal) i SATE Of ~LORtOA ~ 5 ~ Luc ie ~ ~~UNTY OF St • ~ ( r ~ Befwe me personally appeared ~bert G. Ma jor a~d ~ ~ Ra~?O~.a .j. Major his wife, to me well known and known to me to be ~ ; rF,~ ~ ^ individuais descri6ed in and who executed the foregoing insirument, and acknowfedged before me that they executed the same for the purposes i ~ th~.ein expressed. And the said Rayola .j. Major r. ~fe of the sa~d ~beZt G. Ma jor a sepa~ife and Q~irat~ ' ~.am~nation by me taken separate and apart from her said husband, acEnowledged to and before me that she executed said instrumeot'~reF1y a(~d vof(I~ ~~~~y and w~thout any compulsion, constraint, apprehens~on, or fear of or from her said husband. _ , WITNESS my hand and official seal this_~• day of_ NOVpmber q. ~ ~q~~~ ' ' No P~btic in and fw the State lo~ida a rg6 . : C' , M ommission expires: ' J• ~ _ 4 ' Retwn To: NQ7ARY PUS:I~j ~'At{ 6Z fl~Rl~t L~ R i~ ` ~ First Federal Savings 3 Loan Associat~on NIY C~MMISSIOfI ~E~j~ OE~'~ ~ Of Foit P erce. Qondtl! 7hru Gcnei~~ tpl~r^ f~ VA~eql~qt \4 \ Fort Fierce, f(or;da ' • T,~' •~a~~l~`~ 5~~~ ~TK?~~A• ` t~ ~~-~S~'~"'„',,', .:0!lM~~ ' ~y ? ' CLE~~,~ •':u~i ~pURt ; This Instrument Prepared By John W. Collitls 'f~~Ar y£+.t~ffu : First Federal Sav+ngs 8~ Loan Association ~ of Fort Pierce ~ FlOrida Q t[ ~ ar ~ Checked By A ~~c S } tv`3 0 ~o~K207 P~~f2~1~5 ~ . _ - ~ . . . . . : . - s':~ ~t~ u ~~~,:~~i-~,;.S=s.:~-.r_._ ~'~_~-a;..~"~3`~~.~-'_ae.'~~~.