HomeMy WebLinkAbout2966 3. To plac~ and coN~nuously keep on the bui:d~r~gs now o~ hereafter ~ituate on said land and on afI equipmeM and personally covered by tfiis mo~fg• ;
age, with a?1 prem;ums Ihereon pa.d in full, iire insurance in the usual standard poticy form, in a sum approved by the MOR~GAGEE, and w~ndsto~m '
insurance i~ the usual standard po;•cy form, in a sum approved by ~he MORTGAGEE, i~ such co~npany or to~npan~es as the h10RTGAGEE may ~
dirett; and all fi~e and w~ndstorm insurante po~ic~es or~ any of said buildmgs, any interest therein or parl thereof, in the aggregate sum aloresaid or
in exce~s thereof, shaB conta~n ihe usval srandard mortgagee dause or such other clauie as ~he Mortgagee may requ~re, making ~he Ioss u~der sa~d potr
cies, esch and every, payab;e ~o said h10RTGAGEE as ~ts interest may appear, and each and every such po~~cy shall be promptly ass gnrd and delivered ~o
any held by said MORTGAGEE as (unher security to said mo~tgage debt, and, not less than ten (10) days in advance of the expira~ion of each polity, to de-
liver ~o said MORTGAGEE a renewal thereof, toqNher wi~h a rece~pt for the premium of such renewal; and ~here shall be no f~re o~ winds~o~m insuraoce
placed on any of said buildings, any interest there~.~ or part thereof, unles~ in the iorm and with the loss payabte as aforesaid; and in the evenl any sum
of money becomes payable unde? such polity w policies said MORTGAGEE ahall have fhe opt~on to rece~ve and appiy the same on account o1 the indebted-
ness secured hereby w to permit said MORTGAGORS fo ~eceive and use it or any part thereof for o:ncr ~;urF~oses, v.~~ho::t ih,~~or we~~n~g or ~~npa~~•
ing any equ~ty, lien or r~ght under w by virtue of ~his mo::gage; and in the event sa~d MORTGAGORS shall for any reason fail ~o Aeep the said prem~sas so
iniured, or fail to detive~ promptly any of s~id policies of insurance to sa~d MORTGAGEE, or fail promptty to pay fu~ly any pre:n~um therefor or in a~>
resped fail ro pe~fo~m, discharge, execute, effect, complete, comply with and ab~de by this covenant, o~ any pa~t hz~eof, said MORTGAGEE may place a~~d
pay fa such insurance or any part thereof w~ihout waiving a affecting any option, lien, equity, w righ~ unde~ or by vhtue of this Mor~gage, and the
f~ll amo~nl oi each a~d every such payment shall be immediately due and payable and shall bear interest from the date thereoF untit paid at the rate ol
n~ne per centum per annum and togeiher vcith wch intere:e sfialf be secured by the lien of this mwtgage.
1. To permit, mmmit or suffer ~~o waste, impairment or deter~oration of said property o~ any pa~t thereof.
S. To pay all and s~ngular the coits, chargea and expenses, including a reasonable attwney's fee and costs of abstrads of title, incurred or paid at
any time`by said MORTGAG`.E, betaux or in the event of the (ailure on the part of the said MORTGAGOR to duly, promptly and fully periorm, d~scharqe.
exxute, effect, complete, comply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this
morrgage any o? eithe~, and sa:d costs, charges and expenses, cach and every, shall be immediately due and payable; whether w not there be notice d~
mand, at~empt to coltecf w suit pend~ng; and the fult amount of each and every such paymem shall bea~ interest from the date thereot until paid at the
rare o~ nine per ceot~m per annum; an~ a~l sa~d costs, charges and expenses incurred or paid, together wuh such iroerest, shall be secwed by the lien of thi~
mortgage.
6. That (a) in the event af any b:each of this Mortgage or defaul~ on the part of the MORTGAGOR, w(b) in the event a~y of sald sums of money
herein referred to be not promptly and fully paid wi~hln thiity (301 days nent afre~ the same severa!ty become due and payable, withou~ demand or notice,
or (c) in the event each and every ~he stiputations, agreements, conditions and covenants of sa.d promissory note and th~s mortgage any w either a~e no1
~uly, promptly and fully performed, d~scharged, executed, e{fected, compteted, compl~ed with and a6ided tiy, then in either or any such eveM the sa~d ag
g~egate sum mentioned in sa~d promissory note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay
able fwthwith, w thereafter, at the op'ion of said MORTGAGEE, as fully and comptetely as if a~l of the sa~d sums of money were w~gina:ly stipulated
to be pald on such dcy, anything in sa:d pro:n~ssory note or in this Mortgage to the conrrary notwithstand~ng: and thereupon or therea~ter at the opt~on of
sa~d MORTGAGEE, without nohce or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted ss if all moneys secured hereby
nad matured pnw to ~ts instituhon.
7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to faeclose it, or to reform if, or to enforce
payment of any daims he•eunder, said MOR7GAGEE shall apply to the Gour1 having jurisdiction 'thereof for 1he sppointment of a RKeiver, such Gourt shall
Forthwith appoint a receive~ of said mortgaged property all and singular, inc{~rJ~ng all and aing~~ar the income, profds, iuues and revenues from whatever
source cie~ived, each and every of wh~ch, it being expressly unders~ood, is hereby mor~gaged as if speufically set iorth and dexribed in ttie granting a~d
habendum clauses hereof, and such Receiver shall have all Ihe broad and effective funct~o~s a~d4p04vers in anywise entrusted by a Cou~t to a Receiver, and
s~ch appointment shall be made by such Court as an admitted equity and a matter of a6soiute right to said MORTGAGEE, and without reference to fhe
adequaq or inadequacy of the value of the property mwtgaged or to the w~vency or insolvency of saj~ (dIORTGAGOR w the defendanis, and that such
ren~s, profits, income, issues and revenues sha~I be applied by such Receiver accord~ng to the lien or equity of wid MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perfo~m, distharge, execute, effect, compfete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants in sa~d promissory note and this mortgaqe set forth. ~
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s perwn other than fhe MORTGAGOR, the
.".ORTGAGEE, its successors and ass:gns, may, wi~hout nonce to the MORTGAOR, deal wi~h such successor a successw in interest with reference to this. i
r,ortgage and the debt hereby secured in the same manner as wirh Mortgagor without in any way vit~atiry or d~scha~ging the RAortgagori (iability here- ~
~nder or upon the debt hereby secu~ed. No sale of the p.emises hereby mortgaged and no fo~bearance on ~he part of the MORTGAGEE w its successors
o~ assigns and no extension of the time ior the payment of the debt hereby secured given by the MOR7GAGEE or its successors or auigns, shall operate
to release, d~scharge, modify change or affect the original liab~!~ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereu~der or of the obligation sN
cvred hereby shau at any time thereaher be held to be a waiver of the terms hereof w of the instrumem secu~ed herby. t
11. In add,tio~ to the forego'ng ~nonthiy paym~nts of prir,c'pai and interest required by the p~omissory note secured hereby, mortga~or covenants i
end agrees to pay to mo:tgagee v~ith each monthiy payrnent an sdd~+ionai sum estimated by mortgagee to be equal to 1,' 12 of the annual cost of the follow- ~
ing: #
, A-,:!I real property taxes levied or assessed aga~•ist thc above described real estate.
! 8-Premiums on fire and windsto~m insurar.ce as herein requ'ued to be carried on the improvements sit~ate on the above d~stribed premites.
~ C-Premiums on such mortgage guaranty irtw~ar~~e as mortgagee shall from t~me to t~~ne deem fit to carry on the loan setured hereby.
~ Mortgagee shail trom time to time notify mortgagor ~n writ~ng of the amou~t due and payable hereunder and such sum shall thereupo~ be due and
~ ~ ayable o~ the due oate of the next momh:y payment and each successive month thereaft~r ur,til mortgagee shall not:fy mortgagor of a change in such ~
a~ ount. $uth sums shail be appiied by mortqayee toward the paymeM of real property taxes, insurance prem.ums, and mortgage guaraNy insurance
; p~emiums.
S N~ITNE55 Y~HEREOF, the sa' MORTGAGOR s hereunto set his hand a~d seal the day arsd year first aforesaid.
i ned, Sealed eli er i the presence -
n . ma `
• al)
i • al)
_ t la . (Sea4
SiATE OF FIORIDA
SS.
CCUNTY Of Sslilt I.tICl@ 1
Before me penonally appeared `JO~ln 58~11 and
V lr (1~~j. S~ 11 his wife, to me well known and known to me to be
!he individuals described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for tlx purposes
M Small "
therein expressed. And the sa~d_~191fl~a _
~ ~,:fe of the said ,jphn Q~ Qs~11 '.~rt•i~a8psr8t~ and priwte
e.am~~atton by me taken separate and apart from her said husband, acknowledged to and before me that she exeELted ssid instrumerA. free(y and volurr
~ ranly a~d without any compu!sion, constraint, app~ehe ~on, r fear of or from her said husband. ~
WITNESS my hand and ofFicial seal this day of ovember ~ A. D~ 19 72
' ' ~C~..~-~ .
. v ~
Notary Public in and ~o'~, ~Yjt :OfVF{oqds'qf}LArg! ~
My Commiasion expires:" ~
~ Return To: - •.••v ,
~ First Federal Sarings 3 loan Association ~
~ Of Fo~t P;erce. NOTARY PUBI.IC~
STATE of FIORIDA at LAR6E '
~ Fort Pierce. F~orida MBp ~Q~ yISA~~~ PBan e~s I~auranoe1C0.
f„EO ~ke aECOROEO ~
1E CbUMtY FlA- b
This Instrument Prepared ByR. K. Kayes s~ RO~EF F~~jR~S ~
L n Association ~L~~x cF"C
EO C~~RT U R '''f
~ First Federal Savings 8~ oa aff.OR(~Y- ~OQ!(~O / PACE~c~TU'~ '
of Fort Pierce~ Rlorid a ~ t~t i
~ 1 r4 52
Checked By ~
2414'71
~
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