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HomeMy WebLinkAbout1079 3. To place and coni~nuovsly keep on ihe bv~'d~ngs now a hereafrer ~~fuate on sa~d la~d and on ali eq.,tp~nent a~~d personalty cove~ed by thi~ matg- ag~, w~th all prem~ums the~eon pa.d ~n full, i~re insurance in the usual srandard po:icy form, in a sum approved by ~he h10R~GAGEE, a~~d windstorm inturance in the usual sranda~d po:~ty form, in a sum app~o~ed by ~he MORTGAGEE, in such <ompany tr compa~~es as ~he A10RTGAGEE may d~~ect; and all fira and w~nd~torm insurance poGues oo any o( said build~ngs, any interest there~n o~ part thereof, in the aggregare :um aforesaid or in excess ~hereol, shati :omain the us~al ;tandard mortgagee c~ause or such ofher dause as the Mo~tgayee ~+~ay reqnro, ma?~ng the foss undrr e.~~d po~i- ues, each and every, payable to sald h1JRTGAGEE as ~ts iroerest may appea~, and each and eve.y such pot~cy :hail be p~omptly ass gned a~~d deiivercd ~o any hetd by sald MORiGAGEE as fur~hrr security to sald mortgaye debt, and, nor leu ~han ien {t0) days in advance o( tF~e exp~ra~~on of each poGcy, to da- liver to said MORIGAGEE a renewal thereof, toge~her w~~h a rece~pt for tbe prem~vm oi such renewal; and there shall be ~o f~re o~ w~ndslo~m insurance plsced on sny of sa~d buitdings, any interest therein a part thereof, unless in the form ar~d w~th the loss payabte as aioresaid; a~d in the e~ent any sum of money becomes payab~e under such F,olicy w poGcies said MORTGAGEE shall have the option to reccive and apply the same o~ accou:~~ of the indabted- ness secured hereby w ro permit said MORTGAGORS to receive and use it or any pait the:eof tor oiner pwpasrs, ~v~rhout th_•~u~ ~a~.~.i~ or u~ip..~~• ir.g any equ~ty, lien o~ right ~nde~ w by virtue oi this mo:'gage; and in 1he event sa:d MORTGAGORS s1w~1 for any reason (ail to keep the aaid premises so insured, or fail to deliver p~omptly any of said policies of insurance to said MORTGAGEE, or faii promptly to pay 1u~ty any p~e~»~um therefor or in a~y resped tail to perform, d~scharge, execu~e, effecl, comptete, comply with and ab~de by th~s co~enant, or any par~ hrreof, said MGRTGAGEE may piace a~~d pay for such insurance or any part Ihereof w~thout waiving or affecting any option, lien, equ~ty, or right under or by virtue of tF~is Mortgage, and the tull amounl of each and every such payment shall be immedietely due and payable and shall bear interest from Iho date thereof uNil pa~d at the rate ol n~ne per centum per annum and to~ethcr wrth auch interest shaU Ue secured by the lien of this mort~age. 1. To permit, tommit or suf(et no waste, impairr.~ent or deterioration of said property o! any part thereof. 5. To pay all and singula? the costs, charges and expense~, ~ncluding a reaso~sble attorney's fee nnd costs of abstracts of titlo, incurred o. paid at any time by said MOAiGAG:E, becavse or in the evenf oF thr fa~lure on ~he par~ oF the said MORTGAGOR to duly, prw»pdy and fully perform, d~scharge. >xecute, efiec~, tompleta, co+nply w.th and ab:de by each and every the stip~la~ions, agreements, cond~tions, and covrnants of said pra.nissory note and this mortgage any a ei~her, and sa~d cosn, charges and expenses, each end every, shal{ be immed~ately due and payable; whether or nof there be norrce dr mand, attempt to coltect or suit pend~ng; and the full amount of eath and everv such payment shall bear interes~ from the date thereof until paid at the r.~fe oi nine pe~ centum per anuu:n; and ail said costs, charges and e:perses incurted or pa~d, togzther w~th such interest, shall be secured by the lien o1 this mortgage. 6. That (a) in ~he event of any breach of this Mwtgage or defauft on the part of the MORTGAGOR, or ;b) in the event any of ~a'.d sums of money he~ein referred to be not prornptly and fully paid within thuty (30) days nert after the same severa!ty teco~:e due and p~yable, wi?hout demand or notice. or (c) in the event each and every the st~pulat~ons, agreements, cond~tions and covena~ts of sa.d pro~n~ssory ~ote and th~s mortgage any or either are nof iuly, promptly and fulty perforrned, d~schargrd, executed, eifected, completed, complled w~th and ab~der3 Sy, then in enher or any s~ch event the sa~d ag g+egate sum mentio~ed in said promissory note then rema~ning unpaid, with intere?t accrued, and atl moneys secured hereby, shall become due and pay- ab!e forthwith, or therea.`ter, at the oprion ol said MORTGAGEE, as fui~y and comple~ely as if all of the sa~d wms of money were ong~nally st~pu:ated to be pa~d on such day, anything in sa:d prom:ssory note or in this Mwtgage to the contrary n.~twithstandin9; and thereupon or therea(ter at the opt~on of sa~d MORTGAGEE, without no:~ce or demand, suit at law a En equity, therefore or thereafter begun, may be prosecuted as if all moneys secu~ed hereby r.ad matured pnot to its instiwtion. 7. That in the event that at the beginn~~sg of or at any time pending any suit upon this Mortgage, a fo foreclose it, o? to re(orm it, or to enforce payment of any clai~ns hereunder, said h10RTGAGEE shali apply to the Court having jur~sd~ction ~hereof fqt the appointment of a Receiver, such Cour~ shall forthwith appoint a receiver of said mortgaged property all and singulai, includ~ng all and singular ihe income, profits, issues ar.d revenues f~om whate~er se~rce derived, each and every of wh~ch, it beirg eapressly understood, is hereby mortgaged a~ if speufically set forth and described in the granting and habendum dauses hereof, and wch Receiver shalt have all ~he broad a~d effecnve funct~ons and powers in~anyv~iise eMrusted by a Cowt to a Receiver, and s„ch appointment shall be made by such Court as an admined equity and a matrer of ab:olute right. to said MORTGAGEE, and wirhoul referertce to Ihe adequacy or inadequacy of the value of the property mortgaged or to the sosvency or insoive~ :y of said MORiGAGOR or the defendanti, and that such re~~s, profits, income, issues and revenues shall be appiied by sucli Receiver accord~+~g to the lien or eq~ity of said MORTGAGEE and ~he practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effett, comptete, comply with and a6ide by each and every the stipulatians, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That i~ the event the ownershlp of the mortgaged p~emises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the A',ORTGAGEE, its successas and ass~gns, may, without notice to the MORTGAOR, deat with such suctessor or successor in interest with reference to this ~~o~tgage and the debt hereby secured in the same manner as wifh lhortgago. without in aey way vitiating w d:scharging the Mortgagors' liability herr ~nder or upon the debt hrreby sec~red. No safe of tF.e premises hereby mongaged a~d no forbeara.~ce on the part of the MORTGAGfE or its sutcessw3 or ass~gns and no ezte~sion of the ti~e !or the payment of the debt hereby secured given by the N~ORTGAGEE or its successws oi assigns, ahall operate ro re!ease, d~ssharge, modify change or affect the original tiao~l~ty of fhe MORTGAGOR he~ein, either in whole or in pa~t. 10. h is spec~fically ag~eed that time is of the essence of this co~trac+ and that no waiver of any obl~gation hereunder or of the obligation sr cured heceby sha;l at any time thereafter be hetd to be a v~aiver of the terms hareof ew of the instrumem secured herby. 11. In add;tion fo fhe forego ng manth'y paym~nts of princ"pal and i~:erea~ •;-qu~red by tFu p?omissory nore secured hereby, mortgagor covenants a~,d sgrees to pay to moctgagee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1,~12 of t!~e annuat tost of ihe follow- A-All real property taxrs levied or assesud ayai•zst tF.c above described real estate. B-Pren:iums on f~re and v~indstorm insurance as herei~ requ~red to be carried on the improveme~ts situate on the above described premises. C-Prem~ums on such morrgage guaran:y ;r.s~rar,ce as mo•tgagee sha~l from t:me to time deem fit to carry o~ the loan s^cured hereby. Mortgagee sha;l from t~me to tin+c notify mor~gagor in writ~ng of the amount due and payable hereunder a~d such sum shali thereupon be due arx! ; avable on the due dare of the next month:y payment and each successive month rhereaiter uctil mortgagee shall notify mo%tgagw of a change in such ; ti~:o~nt. Such sums sh.ai! i~e ap,:ied by mortgagee rowa+d the payment of real property taxes, insurance prem,ums, and mortgage guaranty insurance I n-emiums. . ~ IN WITNE55 YJHER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year {irst aforesaid. ` ~ S' ned, Sealed and d ivered in the p?esence of: ~ ~~t~ ~sI E t ~ y n r t( r'~~ ~ L' t tr t ) ~ _ _ Y (Seal} ~ _ _ , ' ~i'Lr2-.tL ~ti" (Seaq t;r'f l~,~_ c,2 ~L~~ i~tt~ M~ Ha]Cd~~1 -(Seaq SiATE OF fLORIDA ~ u. COJ!JTY OF $t. Lucie ~ Befwe me pe?sonally appeared ~rYV lia~cdsa?n II end _ ~tte M. HaY~a11 his wife, to me wefl known and known to me to be thz individuals described in and who executed the foregoing ins!~~~-~cnt, and acknowtedged befwe me that they executed the same for the pvrposes therein expressed. And the said ~@tte M• ~Y~1'1 w:[e of the wid H~!!y1 Hardman II ypoq~~se~arAt~~and private ~ exarn~nation by me ta4en separate and apart from her said husoand, acknowtedged to and before me that she executed s~id~insHt/w~eiififr snd volun- ! ~ ar~ly and without any compulsion, cons?raint, apprehensi n fear of or from hrr said husban3. ~ WITNESS my hand and official seal this_ ~ ! ~ day of % NOV~@r : ~ _ = ~ ~ ~fl_: ~~'72 ` r " =s ti • • ' ~ Nota Pvblic in and f0 f~ St ~"bf F ` f~~~,,~. . ry ~ ~ _ : ~`+~o ' ' My Comm~ssion expires: ' _ Retum To: ' c • ~pp ~ ~R(~ ~ First ' federal Savings E~ loan Association ~ '~UBIIQ' ~Me O~• . ~ of Fo.r P e.~z. 242292 M~ ~o~ ~x ~ ~ ~ - Fort Pierce. Flor~da • ~ ~ - w~, ~ $ ? «o R~coRO~o ~ This Instrument Prepared By John W. Col2ins f~. lUC1E LfiJN7Y FIA. First Federal Savings 8 Loan Association ~pyL+~ ~:itR~S ~ - of Fort Pierce~ jripYi~ CIEKlt C~:~Cti~T COURT PFI;aa- ;r: F,F~.~...----- ~ Checked By ~ 5~~ ~ ~ ~ ~br YO 9 2~ AH 7 Z ~ ~g ,a, , : - - ~ ~ ~ ~ , ; ~ ~ ~ ~ - ~ ,s - - ,~.~~t~s-~= •~`z -G - ~ ~1~~ .