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HomeMy WebLinkAbout0664 3. To placa and comfnuousiy keep on the bui!dlnys now o~ hereafter ~;tvate on sa+d land and on ati equipmtN and pe?sonally covered by this mortg- ege, with all prem~ums thereon pa!d in fuil, fire ins~rance in the uauat s~a~ula~d po:ity form, in a w~n approred by the MOR(:aAGFE, and w~~~Js~orm :~~surance in the usuat standard po:.cy form, in a sum approvrd by ~he MORiGAGEE, in such cwnpany or compa~~es as the AtORTGAGEE may d~rK1; and aN li~e and w~ndstorm inw~ance poGcies on any oi sa~d build<<+gs, any intereit rhere~n or part thereo}, in the aggregate sum a{o+esa~d or 1n e:tess ~hereof, shall conuin tne usual s~m~dard mutgagee ciause o~ such other clause s~ the Mortgagee may requ~rs, making the loss u~~dir sa~d po7o- r'es, each end every, payab'.e to said MORIGAGfE as ds ~nrerast may appear, and each and every suth po'rcy sha{I be promptly ass y~~rd and de~wz<<d ro any held by sa~d MORiGAGEE as funhe~ sewrity to said monyage debt, and, not less than ten (10) days in ad.ance of the expirat~on oi each poGCy, to dr t~ver to said MORTGAGEE a renewal thereof, toge~her with a receipt fw the premium ot such renewal; and there sha~l be ~o f~~e or w~ndstor~n inwrance placed on any oi sa~d build~ngs, :.ny interesl therein w part ~hereof, unless in the form and with the loss payable as afwesaid; and in the event any sum of monay becomes payablc undrr such poticy o~ pot~cies said MORTGAGEE shall have ~he opr~on to receive and apply tha same on accou.~r of rhe indrbted- neis secured hereby O~ ro perm~t sa~d MOkTGAGORS ?o reteive and use it or any part thereof for otncr pu~~osas, ~•.~~ii~ut ~hr~ .,r~~~i y cr ~~~~p..~r- ing any equ~ty, I~rn or right u~der or by v~r~~e of this mc:~gage; a~d in the event sa+d MORTGAGORS shall (or any reason iail to keep ~he sa~d prem~s:i so ~nsured, or fail lo deiiver promptly any of said policies of mwran~e to sa~d MORTGAGfE, or fa~i promptly to pay f~'ly any prem~~m therelor or in a~y respec~ iail to perform, discha~ge, erecute, eifect, complete, comply with and ab~de by this covenaM, or any part hareof, said MORTGAGEE may piace a~.d pay for such insurance or any part thereof withaut waiving or aifeUing any optiort, lien, equ~ty, or r~~ht unde~ or by vi.tue oi this Moregage, and the full amount of each and every :uch payment shall be immedistely due and payable and sha:l bear interest frwn Iha date thereof unril pald at Ihe rate ot n~ne per tentum per ann~m and to~ether with such inter•_st sha~i be srcwed by the lien of th~s mortgage. To permit, commit or suffer no waste, impairment or deteriorotion of said property w any part thereof, 5. To pay all and singula~ the costs, charges and e,cper.s~s, including a reasonable attorney i fee and costs of abstracfs of title, incu~red or paid at any time by said MORJGAG:E, because a;n the eve~t of the fa~lure on the part of the said MORTGAGOR to duly, p~a:iptly and futly periam, d~scharge. zxecvte, effect, comp:ete, comply w~~h and ab:de by each and every the stip~lat~o~a, agreements, conditions, and cove~ants of said pro:nissory note and ~his mortgage any o~ e~~her, and sa:d coses, charges and expenses, each and every, shall be immed~ately due and payable; whe~he. w no~ rhe~e be no~~ce d~ mand, attempt ro co~lect or suit pend~ng; and the futl amouM of each snd e~ery such payment shall bea. interesl from the date thereot u~til paid at the r.>re of nine per centu~n per anuu:~r and ail sa~d costs, charges and ex;xnses incu~red w paid, togeiher ~,th such ~nrerest, shall be secwed by the lien of th~~ mortgage. 6. That (a) in the evenf of any breach of this M.xtgage o~ defaulr on the part of the A10RTGAGpR, o~ (b) in the event any of sa:d sum~ of money hrrein re(erred to br not promptly and fu~~y paid within th~rty (30) days next aiter the same severatly become due and payable, w+thout demand or no?ite. or (c) in rhe evenr each and every fhe st;pular~ons, agreemeMS, cond~~ion: a~il covenants of sa:d promissory no~e and th:s mortgage a~y w either are oot i~ly, prompNy and futly performed, d.scharged, executed, effected, comp3eted, compGed w~th and abided 5y, Ihen in either or any such eveN the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interesr acuued, and al! moneys setured hereby, shall txcume due and pay- eble forthwith, or thereafter, at the opt~on of said htORTGAGEE, as fully and completely as if aIl of ~he said sums of money were s~r,ginally st~p~iated !o be pa~d on such day, anything in sa:d prom~ssory note or i~ this Mortgage to the corora.y notwithstanding; and there~pon w therea~ter at the op~~on of ss;d MORTGAGEE, with~ut not;ce or demand, suit at law w in equity, therefore or thereaf~er beg~n, may be prosecuted as if all moneys secured hereby n_d matured pnw to AS institution. 7. That in the event that at the beginning of or at any t:me perxling any suit upon this Mortgage, w to faeciose it, or to reiorm it, or to enforce pa,~ment of any ciaims he~eunder, said MORIGAGEE shatl apply to the Cou~t tiaving jurisd:ct~on thereof for ehe appoiN~~eM of a Receiver, such Court shal! iurthwith appoint a receiver of said mortgaged property alI and singular, includ~ng all and s+ngv~~r the income, prof~ts, iss~es and revenues irom whateve~ seurce der;.red, each and every of whKh, it being exp~assty unde•stood, is hereby morrgaged as i1 specif~cally e;t forrh and described in the granting and h3oendum dauses hereof, artd suth Receiver shall have atl the broad and eifet!ive funce:ons and powers in anywise entrusted by a Govrf to a Recziver, and s_ch appointmrnt shatl be made by such Court as an ad~nittrd equ~ty and a matter of ahsolute right to uid MORTGAGEE, and without refererxe to the adz~qvacy or inadeqva~y of the value of the property mortgaged ar to the sorvency or e~so~vency of said MORIGAGOR o~ the defzndants, and that such re~rs, profits, income, issues and revenues shall be appGed by such Receiver accord~ng to the iien or equity of sa~d MORTGAGEE and ~he p~au~ce of such Court. 8. To du!y, prompt~y and fut?y perform, distharge, execute, effect, complefe, comply with and abide by each art~ every the stipuiations, agreements, conditions and covenaon fn said promisswy ruotS and th;s mortga~e set fonh. 9. That in the event the owrtership ofX~:mcxtgaged premises, or a:iy part thereof, becomes vested in s per~n other lhan the MORTGAG'JR, the 51~QTGAGEE, its succeswrs and ass~gns, m~ry, ailhour notice to the MORTGAOR, deat with such successw or successor in interest with reference to this ,rortgage and the debt hereby sec~red in 1f~e ~ame manner as with f.lort~ago. without in any ~vay vitiating or dacharg~ng the Mortgagori liabitity herr ~^der or upon the debr hereby secwed. No sate of the prem~ses hereby mortgaged and no forbearance o~ the Fart of the MORTGAGEE or its successors or ass~gns and no extens;on of ~he time for the payment of the debt hereby secured given by thp MORTGAGEE or ils successors or ass~gns, shall operate ro re~ease, discharge, mod~fy change or affect the origmal {iau~iity of fhe Il.ORTGAGOR herein, eithe? in whole or in part_ 10. N is specif~caliy agreed that time is of the esse~ce of this contract and that no waiver of any obtigat;on hereurtder or of the obtgatan se- c:,red hereby shalt at an.y time the~eafrer be held to be a wa~ver of the terms hereof or of the instrumenl setured herby. I1. In add.r:on to the forego:ng monthly payments of princ'pal and inferest required by the promissory no+e secvred hereby, mortgagor covenants ~••d agrees to pay to moafgagee v.~th each ~z~onthly payrnent an add~rional sum rstimated by mortgagee to be equal to l; 12 of t;~e ann~al cost of the fol!ow- n3: A-Ail real properrp taxes lev;ed or assessed aga;•,st r},c above described real estate. B-F~~miu:ns un fi.e and v.fndstor:n inwrarce as nerci~ requ~red to be car.ied on the improvements situate on the abeve described prem~ses. C-Prem~~ms on s~ch mortg;ge guaranty ir.surer.ce az morrgagee shail fro:n t~me to time deem fit to carry o~ the loan sec~red hereby. Mwtgagee s~a:l ~rom time to t~rne not~fy mortgagor in writing o! the arr.ount d~e and payable hereundtr and such sum sha!! thereupon be due and e~yeble on ~he d~e date of the next monthty pay:nem and each successive momh thzreafter ur,til mortyagee sha!I not~fy mortgagor of a change in such ~-aunt. Such sums sF.a:l be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~,d mortgage guaranty insurance ,~~emiums. _ IN L'~ITNESS VJHERcOF, the sa~d h1~RTGAGOR has hereunto set his hand and seal the day and year first a{oresaid. Signed, Seated and d~' in ti~e presence of: ~ i t ~ - - ~ an ~ S~ f>, f `L' T Z', (Seaq Sesi) - Bettv Tavlo ' ls~aq S;aTE OF FIORIDA ~ ~ ~ouNTY OF St. L_ucie ~ I Before me ~~:o~an,, a~d,ed Robert ?aylor, $r. a~ ~ttV Tavlor his wife, to me well known apd_knowq'to me f0 be }ha ~ndrvidua's described in and wFa executed the foregoing instrument, and atknowiedged.befwe me that they e:ecuted tba same fw~`tbe purposes rherein expressed. And fht :a~d , Setty Taylor , r:ife of the sa;d Robert TaVlOY. ~ upon a-~~.~g~arid private e•aminat~on by me t~ken separate and apart from her said husband, atknowledged to and before me that she eaecuted said~instturre frR4fji ~~d"v0lvn- 4 rar~S~ and w~thout any compu(sion, constraim, apprgi~ ~on, or tear of or from r said husband. ~ •s , WliplESS my hand and off;c~al seal this_ i3 day of NOV~ QY 1" /~-D.' 9"72 _ ` . t ~ • _ ~ Notary Public irt for the ~1d~is ~Df aorida at larQe - Return 10- My Commission expires• ~rC}y 2-'~ 1~?'~ r, - - ~ . . • 'ri~st Federal Savings d~ loan Association ' Oi Fort P!e:[e. Fort Pierce, Florida FIIED ~yD NE~~KOED ST.IUCIE COUNTY FIA. This Instrument Prepared By Rona2d Callahan ROCi~ P0~7RAS ~ First Federal Savings ~ Loan Association CLERK Ct::CUtT COURT of Fort Pierce, Florida RECOA~ •f~+ilEa Checked By IN1~ 9 ss AN ~uuK;~~$ ~aG~ 664 242015 ls ~ - - - - - - - - ~ _ ~ ~~'~x'rY' 3+rz'-~a,~'~ ~ k.~Z = . . -.S~RrV~ . ~~„q"`% -r+`~L.Lir~~bc,.f~'~a"~ _ v .