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HomeMy WebLinkAbout0662 3. To place and continuou~ly keep on ~he bui'd~~~gs now ur hereafter ~iwate o~ sa~d land and on all ~quipment and pe~sonaNy co.ered by thit ma~g- ege, wAh all pre~~iums ~he~eon pa~d in iutl, fire insuranca +n the usual sta~~ard po:~ty (orm, in a wm appro+ed by thr MOR1Ca%.GEi, and windstorm insurance in ~he usual srandard po::cy form, in a wm approvrd by the MORiGAGEE, in such canpa~~y or compan~es aa tha h50RTGAGEE may duect; and all fire and w:nds~orm insurance potic~es on any of sa~d buiid~~gi, any i,~fereat ~he~ein or part the:eof, in the aggregate sum aforesa~d a in excess the..of, shall contain t~e usual standard mortgagee dause or such other dause as the Mo~tgagee may rcqu~re, mak~ng ~he ~osi unJr~ sa~d po~~ ues, each and every, payab!e to sa~d h:ORTGAGEE as ns intrrest may appear, and each and eve~y such po~~cy she11 ix p~omp~ly ats gn~d a~~d de~~vzrrd to any held by sa~d MORfGAGEE as (urther sewrity ro sa:d n~or~gage debt, and, not less than ~en (10) days in advance o~ the e.pirat~on of rach pol~cy, to d~ liver to said MORTGAGEE a renawal thereof, togdhr~ with a teceipt for the premium of s~ch re~ewal; and thrre shall be no f~re or w~nduo+m inwranca placed on any of said build~n9s, any in~~rest therr~n or part thereof, vnless in ihe form and with the loss payab!e as afwesa~d; and in Tt~e e~ent any sum of money becomes payable under such policy or po~~c;es said MORTGAGEE shall have ihe op~~w+ to receive and apyty tha san~e on accou~~t of ~he indabsed- ness secured hereby w to permit sa~d 1AORTGAGORS ro receive and use i~ or any ~+art the:cof ter o:h~~r purFosrs, .l~~h~.:t ih~•..,r "+'P~~'• ing any equ~ty, I~en or r~ght unde~ w by v~rtue of this morega~e•' and in the event sa~d MORTGAGOR$ shall fw any reason fail to k~ep the sa~d pre~n~s:s so insurrd, or fail lo del~ve~ promptly any ot said pobciea of insurance to said MORTGAGEE, or fail promptly to pay fuily any prc•~~,~wn therefor o~ in a~~y rospect fail to perfo~m, discharge, execure, ef1eU, complete, comply wirh and abide by thfs :ovenaN, or any pari he~eof, sa~d MuRTG~GEE may p~ac.~ ano pay fa such insurance o~ any part thereof without waiving or affecting any option, lien, equity, or r~gh1 under w 6y virtue of this lllortgage, and the fult amount of each and every such paymrm shal! Fe ~mmediately due and payable and sha11 beai imerest from the da~e ihereof unfil p~~d at the rate ol n~ne per centum per annum and to3<thcr with auch interest s~ai~ be secured by ihe lien of this mortgage. 1. To permit, tommit or suffer no waste, impairment w deterioration of said property w any part therrof. 5. To pay all and singular the costs, charges and expenses, inciuding a reasonable attorney's fee and costs of abstracts oI title, incurred or paid at any ti~ne by said MORTGAG:E, because er in the event of the failure on the part of the said MORTGAGOR to duty, pranptly and fv:~y perfor~n, d~scharge. ~xecute, effecl, complete, compfy w~fh and ab:de by each and every the stipu~anons, agreements, conditions, and covenants of sa~d pran~ssory note an~ ~h~s mortgage any or either, and sa:d cosrs, charges and expenses, each and every, shall be immed~ate:y due and payabie; wheihe~ o~ not thrre be ~ot~ce da mand, attempt to collect or suit pend~ng; and Ihe full amouni oF eath and every such payment shall bear interest trom the date thereof ~ntil paid at tne r.~re oI nine per centum per annu:n; ~nd a~~ said cos~s, charges and expenses inturred or pa~d, to9e~her .vdh such interest, ahalf be secured by the Len of th~s mortgage. 6- That (a) in the event of any breach of this Mortgagt or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein refe~red to be not pranp~~y and futly paid withi~ Ih:rty (30) days next aiter the same severa`.ly become due and payaWe, without demand o~ nm~ce. or (c) in the event each and every ~he stipuiat~ons, agreements, cond~rions and covenants of sa.d promissory no~e and thn mortgage any or e~ther are not ~uty, promptly and fu:ly performed, d.scharged, ezecuted, eifected, comp~eted, compl~ed w7th and a6~ded Sy, then in eifhe~ or any auch event the sa~d ag- gregate sum mentioned in sa~d prom~ssory note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall bewme due and pay- able forthwith, or thereafter, at the opr~on of sa~d h10RTGAGEE, as fu~ly and complete~y as if all of ~hr said sums of money were ong~na~ly suputated to be pa[d on such dsy, anything in sa.d prondssory note or in th[s Mortgage to the contrary not vi~hstand~ng; and thereupon or thereafter at the opuon of sa:d MORTGAGEE, v.ithovt noticr or demand, wit a~ law w in equ~ty, the~efore or thereaieer begun, may be prosecuted as if all moneys secured hereby h~d mat~red pr~w fo ~ts institution. 7. Thaf in the event that at the beginn;ng of or at any time pend~ng any suit upon th~s Mortgage, w to fweclose it, or to reform it, or to enforce payment of any da~ms hereunder, said MORTGAGEE shatl apply to the Cour~ hav~ng ~ur~sd~d~on thercof for the appo~mment of a Receiver, such Court sha~l fcrthwith appoint a receiver of said morlgaged properfy all and sin9ula~, intlud~ng al~ and singu~ar ti~e inco~ne, p~of~ts, issues and revenues trom whatever source derived, each and every of whEch, it being expressly unde~s!ood, is hereby mor~gaged as if apec~ficalty set iorth and described in the granting and h3bendum cla~ses hereof, end such Receiver sfiail have atl the 6road and effecrive funa,ons and powers in anyw~se entrosted by a Court ro a Recriver, and s:,ch appointment shall be made by such Gou~t as an ad~nitted eguity and a matter of absoluee r~ght to •said MORTGAGEe, a~d withcut reference to the adequacy o? inadeq~acy of the vatve of the property mortgaged or to the soivency or ~nsoivency oi said MORIGAGOR or the defeqdants, and that svch re~rs, profits, income, issues and revenues shall be apFiied by such Receiver auord~ng to the Gen or e~,ity of said MORTGAGEE and the p~auice of such Cou?f. 8. To duly, promptly and fully pertorm, discharge, ezecute, effect, complete.' compl} with and abide by each and every the stipulations, agreements, ~ conditions and covenants in sa~d promissory note and th:s mbrtgage set forth. . ~ 9. That in the event the ownership of ,th~ mortgaged pren,~ses, or any part thereof, becomes vested in a person other than the MQRTGAGOR, the P..OQTGAGEE, its suctessors ar,d asvgns, may, witho~t noTice to the A10RIGAOR, deal w~th such successor or successw in interest with re(rrence to this mortgage and the debt he~eby secwed in the same mannr~ as with Atortgagor w~thout in any way viuating w dachaiging the Mongagors' Iiab~Gty here- under w upon the debt hereoy secured. No saie of the Fremises hereby mortgaged ard no iorbearance on the pars of the /dORTGAGEE or its successors or assigns and no exeension of the sime for the payme~t of the debt he.eby sec~red given by the MORiGAG:E or its successors or ass~g~s, a~~all operate- to release, d~scharge, mod~fy change or affect the o~ig~nal I~au,Gty of the h.ORTGAGOR here~n, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contrau and that no waiver of any obl~gat~on hereunder w of the obligation se- . cured hereby shaG at any time tnereafter be held to be a waiver of the terms hereof or of the instrumem secu~ed herby. 1 i. In addnion to `he io~ego:~~g month!y payn,~nts of p~inc pal and interesr requ~red by the prom:ssory no!e secuted here6~, mortgagar covenants end agrees to pay to morrgagee v~~1h each mon?hiy pa~:.,ent an ad-J~r~onal sum ~s~~n,a~ed by mortgagee to be eq~al to 1. 12 of t6e an:wal cost of the foliow- , A-A!I real prope+ty taxes levie~ or assessed ag ~i•~st the above describe~ real estate. ; B-Pren:~ums on 4ire and vfindsror~n insuracce ~s i~ere~n requ:red to be carried on tnv ;mprovements s~t~ate on tha above desa~bed premises. I C-Prerniums on such mortgage gua.anty irtwra~.ce as mo•tgagee shatl from r~me ro time deem fit to carry on the loan secured hereby. ~ Mortgagee shail from t~n~e to t~me ~ot:(; mor+gagcr ~n writ~ng of the a~r.ou~t due and payable hereu~dzr and such sucn shall thereupon be dve and ~ ;~yable on the due date of the next monthiy pay~nent and each successive month thereafter ur,til mortgagee sha11 nonfy mor:~agor of a change in such ; uunt. Suth sums sFa:l be app:ied by mortga~=e toward the payment of reai property taxes, insurance prem.ums, and rteortgage guara~ty insurance ~ rremiums. - E IN Y~ITPJE55 VJHfREOF, the sa~d MORTGAGOR t~as hereunto set his hand and seal ihe day and ye rs afore " Si ned,~ Sealed and elivered in the presence of: Y al) C azl L Ross ~~,q . ' Seal) Shirle Ross ~~aq STATE OF FIORIDA 55. couNnr oF St . Lucie 1 . Before me personally appeared hazles 1. ROSS . ~ and Shirlev A. ow~ w~?~r r~ be ROSS his wiie, to me well ,krtown and. f~rl the individuals described in and who executed the foregoing instrument, and acknowledged before me that they exQtuted the iart~e fol~Jtis Qufposes rherein expressed. And the said Shirley A. ROSS ~ V~ ,~,~~fe of the said Charles L Ross ~~~aon a separafe~a!f~l private examinat:on by me taken separate and apart from her said husband, acknowledged to and before me that she exc~uted;sa ~nstrument freely arfd volurr ~arily and without any compulsion, constraint, apprehens~on, w fear of or from her said husband. " ~ n~ da of ~ Nove mber = ~ =A: D. 19 72 WITNESS my hand and of!icial seal this y ~ Q n . ' ~ . ~ t ' s; Notary Pub~ic in and for the St f~+of~Q r a Large My Commiss~on expires: ' ~ • ~ Return To: NOIARY PUBUC, STATE M FLORIDA at LARGE r Firsf Federal Savings S loan Association MY COMM,ISSiON EXPIRES SEPT. 25. 1975 ~ or vo.r P erce. BOlldtd By American Bankers Inswante Co. Fcrt Pierce, florida ~ ~ ~Ii.EO AMU RECpAp p fT. LUC1E CO~i~iiY T~~i. ~ ~ This Instrument Prepared By Ronald L. Stutz ROuER Pa1TRAi ~ First Federal Savings & Loan Association CIER~c C~~GUIT COURf of Fort Pierce ~ Flori da RECORR YE~:siEB,~~.~.,~~. ~ SS ~''t ~ Checked By ~ ~ ' 3 ~QO!( ~,+OC7 rAGE 662 242014 n ~r^ ~ - _ ~ ~ : ~ _ ^ ~ e- ~.~.~,~r~ .