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HomeMy WebLinkAbout0184 3. To p~ace end conr~nuously keep on rhe bui'd~n~s now or hereafle~ ~ituare on sa~d iand artd on ali rquip~nent and personally co~erod by this mor~g- ege, wiih all premiums ~he~eon pa~d in fuil, fire insurance in the uewl sfa~xia~d pot~cy form, in a sum a4proved by the MOR~GAGEE, and w~nJstprm ~nw~ance in ?he usval siandard poLcy form, in a sum approved by the A10RiGAGEE, +n such to:npsny or tompanies es the MORTGAGEE may d'vecl; and all (i~e and w~nduorm insvrance pol~c~rs on an~ of s3~d bu~id~ngs, any inte~est therein or psil lhereoi, in ~he aggr_•ga~e wm aforesa~d or in excas therepf, shal{ contain ~he usual stand~rd ~norrgagee dauie or such o~her clause as the Mo~tgagee may requ~ro, making rhe iosi unde. s.~~d poli- c~es, each and eve~y, payab!e to said l~tORIGAGEE as ~~s ~n~erest may appea~, and each and eve~y iuch poi~c~ shati be promp~iy ass gned and de~~~~rrd ~o sny held by sa~d h50RiGAGEE as Fur~ha~ f,turity to said mortgage debt. and, not less ~han te~ (10) days in aJvance oi tFx~ expirat~on o( each policy, to do- Gver to said MORTGAGEE a renewat thercof, ~ogerher wirh a rrceipt for the p~e+nium of such renevval; and ihere shall be no f~re o~ w~~~ds~o~m insurance p~aced on any of sa~d bui!d~ngL any imereal there~n or part the~eof, unlesa in ihe form and with ~he loss payable as afo~esaid; and in the e~ent any sum of money becomes payable under such policy w pol,cies said MQRIGAGEE shall have the opnon to receive aud app!y the same on accoun~ o( the in~~6ted- ness setwed herrby oa io permit sa~d IAORTGAGOR$ to recr~ve and use it or any pa~t ~he:eof lor oti~_~r w~roses, .•.~~iw:,t ~h:•~:,~ wai.i+3 or ing any equ~ty, lien or r~ght under ur by virtue of this mo:'gage; and in the eveM se;d MORTGAGORS shall for any reason fait to keep the sa~d p~en,:sat sa inswed, w fait to de!iver promptly any of said poGcies o( insvran~e to sa;d MORTGAGEE, or f~il promptly to pay i~lly any pre~~~i.,m ihrrofor or in a~y respect fail to perform, d~scharge, execute, effeq, completr, comply wi~h and abide by this covenant, or any part hereof, sald MORTGAGEE may place a~~d pay fw tuch insurance or any part thereof without waiving or affecting any option, lien, equ~ty, or right under or by virtue of ehis Mongaqe, and the +ull amount of each and eve~y such payment shail be immediately due and payable and shall bear interest from tho dare thereof until paid at the rate o1 ~me per cent~m per annwn and to~rther hith such int~r~st shali be secured by the lien of this mortgage. 1. To permit, commit or auffer no waste, impairment pr deterioration of said property pr any part thereof._ ' 5. To pay all and singula? the costs, charges and expenses, including a ~easonable attorney'~ fee and cosfs of abstracts of ti~te, incurred or paid at any time by said MORiGAGEE, because or in the event of the fa~lure o~ ~he part o) ~he aaid MORIGAC,pR to duty, promptly and fully perform, d~siharge. ,.ecute, eifed, comptete, comply w~th and ab.de by each and every the st3pulanons, agreements, conditions, and covenants ot said pro~r~issory note and th~~ mortgage any o~ e~~her, and sa:d costs, tha~ges and expenses, each and every, shall be immediately due and payable; whether or not th~re be noKce dr mand, atte~npt to coll~ct or suit pending; and the full amount of each and e~ery such payment ahatl bear interesf irom the date thereof uMil paid a1 the r:~~e os nine pCr crNum per annu:n; anc all said cosfa, charges and expenses ~ntuned or paid, togetF~ei w,th such interest, shall be sec~red by tiu I~en of th~s mortgage. 6. That (a) in the event of any breach of th~s Mortgage or defau~t on the parl of the AlORTGAGOR, or (b) in the event any oi satd sums of money herein ~eFe~red to be not prornp~iy and fufty paid wirhin ~h~rty (30) days neat afte• the same severa?ly become due and payable, witl~oW demand or notice, or (c) in the eveN eacb and every the stipu:ations, agreements, cond~t;ons and covenants of sa.d prom;ssory note a~~d th~s mortgage any or ei~her are not i~fy, prompHy and f~lfy ~rfamed, d schar9ed, execu~ed, e(fected, completed, compl~ed with and ab~drd 5y, tf+en in e~ther w any such event thr sa~d ag• g~egate sum mennoned in sard promissory nore then ~emaining unpaid, with interest acuued, and atl moneys setured hereby, shall become due and pay- ec'e forthwith, o~ thereafter, at the optron ot said MORiGAGFE, as fully and completefy as if all of ti~e sa~d sums of rt:oney were originady s~~pu.ated to be pa~d on such day, anything in sa:d prom~ssory note or in fhis Morrgage to the conrrary norwithsrandeog; and the~eupon or thereafter at the opt~on of s~.d MOR~GAGE[, wnhout notice or dtmand, suit at law w in equity, therefore or thereahe~ beg~n, may be prosecuted as if all moneys secured hereby r._d mawred pnor to ~n msti~ution. 7. That in the event that at the beginn~ng of o~ at any time pending any suit upon this Mortgage, w to fo~eclose it, or to reform i1, or to enforce p~yment of any claims hereunder, said MORTGAGEE shail apply to the Cowt havir,g jursd;ulo~ thereof ior the ap~ointment of a Receiver, such Court ahatl fo; thwith appoint a recei~er of said mortgagrd property all and siogular, indud.ng atl and s~ng~Ia. the ir.come, p~of~ts, issues and revenues from whatever s~v•ce der;ved, each end every of wh~ch, it being eapressly unde,srood, ;s hereby mor~gaged as if sperif;~alty sei forth and dexri6ed in the graroing a~d k3bendum davses hereof, aod such Receiver ahali have all fhe broad and effeu~~e funcs.ons and powers in anyw~se e~trusted by a Court to a Receiver, and s_ch appointment shall be made. by such Court as an admitted equity and a matter af absolure right to said MORTGAGEE, and without referente to the edequacy or inadequacy of the vafue of the proy~erty mwtgaged or to thr so~ve~cy or ~nsc~vency of said MORTGAGOR or the defendants, and that suth re•,rs, profits, intome, issues and revenues shall be appt~ed by such Recriver accord~ng to the 1ie~ or equity of sa~d MORTGAG~E and the prectice of such Court. 8. To duty, promptly and fully perform, d~scharge, ezecure, effect, compiEte, comply with and ab+de by each and every the stipulations, agreements, :orditions and covenanrs ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownenhlp of tne mortgaged prer:+~ses, or any part thereof, becomes vested in a person othe~ than the MORTGAGQR, the .'~RTGAGfE, its successors and ass;gns, may, wiihout not,ce to ~he h10RTGAOR, deal w~th such successor a successor in interest with :eference to thia r, c•rgage and the debt hereby secured in the same manner as w~th ~llortgagor wiiFqut in any way vitiating or d~scharging the Mortgagora' (iability here- u^Jer or upon the debt hereby secwed. No sale of the premtses hereby mortgaged and no farbearante on the pan of the MORTGAGFE or its iutcessors c: assigns and no exre~s~on of the t~me for the paymer.t of the debt hereby secured given by the MORTGAGEE or its s~ccessors or au~gns, ahall operate ro re!ease, d~xharge, modify change or affect the origmal liau;i~ty of ~he MORIGAGOR herein, either in whoie a in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any oblfgat~on hereunder or of the obligafion sr cu~ed hereby sha~i at any time rhereafter be heid to be a wa~ver of the terms hereof w of the instr~menT secured herby. 11. In atid~r.on to the forego'ng monti~!y paymems of priu'pal and interest requ~red by the promissory no!c setured hereby, mortgagor covenants j~d agrees to pay to R10"iyegee with each momhiy par..~ent an add~~ionai sum es!'mated by mortgagee to be equat to 1~ T2 of the an:wal cost of the follow• A-Ail real property taxes levizd or assesied agai~st the above desai~ed real estare. B-Pren,~u~ns on Gre ana windsror~: ~nsuracce as herein requ;red ro be carr~<d on the ~mprovemeats situate on the above d_scribed premises_ C-Pre:niums un s~ch mortgege guar~nty ir.wrar,~e as mortgagee shail fro~n Yme to time deem fit to tarry on the toan sec~red hereby. Mo~tgagce shaii !rom ti~~e to rime ncr~fy mo~tgagor ~n w~iGng of the an,ovnt due and payable hereundrr and such sum sha:l thereupon be due and .~;ab!e on tFe; d~~e date of ~he ne,ct nionthiy payment and eacfi successive month thereafter ur.tii mortgagee shall notify mortgagor of a change in wch ~^ount. Such sums sha,i ~ app'iec! oy mortgayee ~oward the payment of reaf prope~ty taxes, insu~ance prem;ums, and mortgaqe gvaranty insurance . •eme~mS. IN \'JITNESS '.~HEREOF the sa~d {VIORTGAGOR has hereunto set his hand and seal the day an~' y~ar firsf aforesaid. ' Sig~ed, Sealed and deli red in he presence f: . - i ~ i ~ :-z+ s-c j' ~ 2~ ~ ' l . ~an ~ , " Sesl) - - ' ~ tSea~ ROSe G. MrOZ ~ ~~ai~ STA1E OF fLORIDA ~ u_ COUNTY OF St.t.~L"3E' - I Before me personally appeared Jose~h E. ~OZ ' a~ Rose Cs. M102 his wife, to me well known and known to me fo be rh,e individva0s descri6ed in and who executed rhe fo~egang instrumenf, and acknowledged before me that they executed the same fp the purposes ~herein expressed. And the said ROS@ Ci. ~OZ .v;fe of the said _ u n a sepsrafg a~d private e•.am~nat~on by me taicen separate and part from her said husband, acknowledged to and before me that she eaecu said inst t'f;~'y~;and volur?~ 'ar~1y and w~thout any compulsion, constra;n?, appreh siqh, or fear of or from r said busband_ Y ~ ~ i WITNES$ my hand and official seal this day of ~ ' a n~• ~p, '12 t ~ , . C: --T- _ • P _ % r ~ Notary Public in ~ nd r the St te ~L fl da ~t larpe - Retum To: - My Comm~ssion ex i s: ` Fint Federal Savings b Loan Association P ~ - Of Fo~t P er~?. ~ jTa = Fo~t P~erce. Florida ftiEO ~y0 P.ECORDE~ 5T. LtfC1E ~OiJMiT FLA. 1lOGER PO~TAAS ' CLERK C1RCUtT COUR1 This Instrument Prepared By R. K. Ka,yes RECOR~3 VtRift`~p~~ First Federal Savings & loan A ociatiQn of Fort Pierce •~~orlaa 32 ~ f~1 Checked By ~ ^ ~c28 •~r o ~0~~2~~ ~8~ : : - - - - - _ - ,i~~ z ~ ~ -.~f ~ ~ . . ~ F~~ , _ . _ _ _~~s~~~