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HomeMy WebLinkAbout0756 3. To p~ace and continuously keep on che bu~'dmgs now or hereafte? s~t~ate on sa~d land and on al( equ~p~nent anJ personaNy cove~ed by ~his mong- egs, with all premiums thtreon pa:d in fu:l, fire insuranca ~n the vsusl starxiard po~icy iorm, in a sum appro~ed by ihe MOR~~:+GEE, and windsto~m insurance in the usw) s~andard pol.cy foim, in a sum approved by the MORIGAGEE, in such co+npany or co:npan~es as ~he MORiGAGEE may direct; and all fire and w~~dstorm insuronce policies on any of said build,ngs, any interesl therein or part thnreof, in the agg~ega~e sum a~oresaid or in eacess ~hereoF, sMU coni.:~n ~he usual sta:,dard mw~9agne clause or such other dause as the Mongagre may ~equ,ro, mal.~ng ~hr tass u~~de~ s~~d polr c~es, each and every, payable ro sa~d h10RiGAGEE as ~ts intcrast may appear, and each and every auch puticy sf~a11 t~ pranptly ass g~~cd a~~d de~~ver~•d ~o eny hetd by sjid A10R1GAGEE as tunher secwity to sa~d morigage debt, and, not less than ten (10) d.~ys in ad.ance of the exphahon of each pol~cy, ro de- Iiver to said MORTGAGEE a renewal thereot, toge~har with a receipt tor ~he premwm of such renewai; and thare shatl be ~w i,re or w~nds~o~m insurance placed on ~ny of s~~d build~ngs, any interest ~herain w part the~eof, unless in ~he form and w~~h the loss payable as aforesaid; and ~n the event any sum , of money becanrs payabte ue~der such policy w po~~cies sald 610RTGAGEE aha11 have the op~~on ro rec~ive ~~~d app!y the sa~~~e on account of the ind~•btrd- ness aecured hereby or to permit sa~d MaRTGAGORS to retrive and use if a any pa~t thereof for o:~~~~r HurF~oses, v,.il~u~t ih_~~u,r ~3 c~ P~~~- ing any equ~ry, lien or right u~der or by virtue of this mo:tgage; and in Ihe evEnt sa~d MORTGAGORS ahall for any reason fail to keep ~he said premis~s so insured, o? fail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, or fail promptly to pay futly any pre~n~~~n theretor w in a~y respect fail to per(o+m, d~scharge, eaecute, e{fect, tomp~eta, comply with and abide by this cove~aN, or any pai~ hz~eof, s~id MURTvAGEE may p~ace a.d pay fw such in~urence or any parl thereof withoul waiving or affeding any option, lien, equ~ty, o~ ri~ht ~nde~ o~ b~/ wrtue o~ this Mcrrgagr, and the full amo~nt of each and every such paymeM shall be immediately due and payabte and shall bear inte~est !rom the date thereoi uniil pa~d at the rate ol nine per centum per annum and to~etF.ar wirh such interca~ shall be srcured by the lien of this mortgage. 1. To pe~mit, commit w suf(er no waste, impairm~nt or deter~oration of sa~d p~operty or any part thereof. 5. To pay all and s~ngular the costs, charges and oapenses, ~ncluding a reasonable attorney's fee and costs of abstracts a~ ~~tle, incurred or pa~d at any time by said MORiGAG.E, because or in the eveN of the fadlure on the part of ~he said MORTGAGOR ro duly, pro:nptly and fudy p2~form, d~sc~arqe. >Aecutr, effed. complete, compty wuh and ab:de by each and every the stipvianons, agreements, conditio~s, and covenants of sa~d promissory note and thii mor~gage any or e~~ha~, and sa~d costs, charges and eapenses, each and every, shall be immediately due and payab~e; whether or not there be nor~ce d~ mand, attempt to collect or s~it pend~ng; and the full amoum of each and e~e.y such payment shall bea. inreresi from ~he date thereof until pa~d al the r~re o4 n+ne per crnwm annu:n; ond al~ iaid costs, charges and expeoses ir.curred or paid, together w~th wch intecest, shall be setured by the I~en of th~s mortgags. 6. That (a? in the evenr of any breach of ?his Mortgage or de(autt o~ tF~ parl of the AtiORTGAGOR, or ;b) in the evrnt any of sa:d svms of money herein rofe~red to be not premptiy and fvlly paid w~thin th~rty (30) days next after the same seve~a!ly become due and payabfe, without demand or notice, or (c) in thr event each and every the st~pu.at~ons, agreements, condirions and covenants of sa:d promisso~y note and th~s mortgage a~y or e~ther are nol july, promptly and fully performed, d~scharged. execured, eifected, completed, comp:~ed with and ab~ded 5y, then in e~ther or any such event the sa~d ag grrgate sum ment~oned in said promissory nore then remainirtg unpaid, with interest acuued, and atl moneys secured hereby, shall become due and pay able forihwith, er thereafter, at the opt~on of so~d l.10RTGAGEE, as fully and completely as if ali of ~he said s~ms of money were or~g~nally st~p~:ated ro be pa~d on such day, anything in sa.d prom~ssory note or in this Mor!gage To ihe tontrary notwithstanding; and thereupon or thereaher at the opt~on of sa,d MORTGAGEE, w~thout nor~~e or demand, su~t at law or in equ~ty, therefore w thereafcer begun, may be prosecuted as if all moneys secured hereby had matured pn~r to as institution. 7. Thaf i~ the event ihat at fhe beg~n~ing of or at any t~me pe~~ng any su~t upon. this Martgage, w to fweclose it, or to ~eform it, or to enforce payment of any claims herew~drr, said MORTGAGEE ahall apply to IheY~u~~ havi~g ryrisd~ction thereof fw the appo~mmem of a Receiver, such Court shai! Ferrhwith appoint a receiver of sa~d mortgaged prope:ty all and singutar, inctud~ng all and singular tt~e income, prol~ts, issues ar.d revenues from whateve? aource derived, each and every of wh~ch, it !~e~ng eapress~y understood, is hereby mortgaged as if spec~ficaily set forth a~d dexribed in the granting and t.abendum dauses hereot, and such Receiver shall have all the broad and effecnre funct;ons and powers in anywne ero~uste.-1 by a Coun ta a Recci_er, a~d s:.:h appolntment shall be made by s~ch Court as an admittrd equ~ty and a matter of absolute right to said h10RTGAGEE, and wirhout re(erence to the adeq~acy w inadequacy of the value of ~he property mortgaged or to the so.vency or ~nsoivency of sa~d MORiGAGOR o~ the defendants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equiry of said MORIGAGEE and the practice of wch CouA. 8. To dufy, promptly and fully perfoim, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ronditions and covenan~s in sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, bxomes vested in a person other than the MORTGAGOR, the !'.!ORTGAGEE, its succeuors snd ass~gns, may, without no~ice to the A50RTGAOR, deal w~~h such successor or successw in interest with reference to this m,ortgage and the debt hereby ssc~red in the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability here- under or upon the debt he~eby secured. No sale of the premises hereby mortgaged and no forbearance on the part of fhe /AORTGAGEE or its successors ur assigns and no ezte~sion of the time for the payment oi the debt hereby secured g~ven by the MORTGAGEE or its successors or assigns, ai all operate ro release, d~scharge, modify change or affect the orig~nal liab~tity of the MORTGAGOR herein, either in who~e or in part. 10. It is speuiically agreed that t~me is of the essence of this contract and that no waiver of any obfigation hereunder w of the obligation se- cured hereby shali at any time thereafter be hetd to be a waiver of the terms hereof or oi Ihe instrument secured herby. I1. In add.rio~ to the forego ~~g rr,onrh!y pay~nents of p~inc pal and in~riest ~equ~red by the promssory nore secured herab~, mo:tgagor covenants and agrees to pay to mortgagee vcith each monthiy payn;ero an add~rional svm est~n:ared by mortgagee to be eqval to: 1, i2 of the annual cost of the follow- ,ng: A-All real property taaes lev~ed or assessed aga~~st the above desvibed real estate. B-Pr~•m~ums on fire and windstorm ~nsuracce as here~n requ~red to be carried on the improvements s~tuate on the above described premises. C-Prem~ums on wch mortg,~e guaranty ir.surar ce as mor~gagee shall fro:r. t:me to time deem fit to car~y on the loan secured hereby_ Mwtgagee sha`~ from time to t~me noiify mongagcr in wr;ting of ihe amou~t due a~d payable hereundrr and such su:n shall thereupon be due and ~~yable on the due tiate of tne next month:/ paymenf and each successive mo~th thereafter untii mortgagee sha!I notify mortgagor of a change in suth a~~o~nt. Such s.~ms sFa:l be app!ied by mortgag~e toward the payment of real propert~ taxes, insurante preni.ums, a~~d mortgage guaranty insurance ~ p~emiums. j IN WITNESS :VHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ; Signed, Sealed and delivered in the pre~ence of: (Seaq ~ / ' arr erson, r . {~a~~ (Seaq 4 . . o ~ - =1 it ?~,c~`> (Seaq S e A nderson SiATE OF FIORIDA ~ u. COUNTY OF ~ I,.~ i n _ 1 Before me perwnally appeared Ha.rrv Anderson, and $116 Anderson his wife, to me well known and known to me to be rha individvals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for ihe purposes therein expressed_ And the :aid_ ~ue ~1'1deXSOil w~fe of the said ~Zry ~'lde=SOI'I ~ Jr . upon a sepa.ate artd p~ivste e.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voi~o- ra~ily and w~thout any compuision, constraint, apprehen ;on, or fear of or fr r said husband_ WITNESS my hand and offiual seal thi~ ~ day o( NOVQ[RbeZ , A. Q. 19 72 I ~ otary Public in and or t ate +ds ~larye r!_ ~ My Commission expires: . ~ ' 'i s~' Return To: ~j First Federal Savings 6 loan Associafio~~ ~ COMMIS~IpH O~A ~ Of Fort P~e:ce. B~dWThryOene~~~~fan~~C ~i ~47$ ~ i? ee Underw~rf:_ n. Fort Pierce. F:crida ' ~ ~ fIlEO ~Nt' RECORDEO - _ 5T. ROC£ ~POtTAAS~A. '~,1, : J / 1 m nt Pre ared B G. R. Ellwood RECCR6YEzi~F E~ COU~ R~,~= ~ t y,~q ~ This Instru e p y First Federal Savings 8 Loan Association ~V'~ ~ 31 ¦u of Fort Pierce , Rlorida IU7 ~ Checked By~_____ 242Q'74 ~ Buor.2~8 YAGE 7~ . _.4 _ _ _ - ~ ~ ~~~~:z. A r'~~' .:,.a }'_iS ~ ...u¢'i '5..~~Y. ~Y F"pr.-,Y" ~.~~.'>-23 -^~4`3 " '-~a"~G~.r a'Srb. I €:ik F.~-f . _ . . _ ~~53~.- . . i .