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HomeMy WebLinkAbout1192 3. To place and coro~nuausly keep a~ the bu~i,~~~~3s now or hereaftar situate on sa~d land and on all equip~nenl ar.d penonally covered 6y 1h~s mortg- sge, with all p~enuums ihereon pa.d m fuU, tire iniurance m ~hr us~.+t sr~,tiderd pol~cy form, in a swn approved by Ihe MOR~GAGEE, a~,d w~nd:to~m ;nsurance in the usual S~d~1CId!(~ riJ.•Cy lorm, in a sum approved by Ihe MORTGAGEE, in tuch tompany or compan~es as tne hIORIGAGEE may direct; end all fire and w~nd?~urm insurante polic~cs on any of sa~d buiid.nys, any intereat ~herein or part thrreoF, in rhe aggr~ga~e sv~r atoresa~d or in excess tAereof, sholl :onrai~ the usvai standa~d ma~gagea ciausa or auch other clause as 1he Mo~lyayee may ~ey~:re, makmg me :oss undrr s,~d poli- ues, each and every, payib!e ro said hSORTGAGEE as iti int~ra~t may appear, and each and every such po~Icy shail be p~ompfry assgnrd a~~d de~ivrrrd to eny hetd by sa~d MORTvAGEE as fwther security ro sa~d mor~gage debt, and, not less ~han ten (10) days in ad+ance oi the expirat~on of each poiliy, to de- fver to said A10R~GAGEE a renewal thereof, toge~her with a receipt fo? the prem~um of such rene,rval; and there shall 6e no i~re or v.;~~dsiorm insurance p!aced on any of sald build~~gs, any intcres~ there;n o? part thereof, unfeu in the form and wnh fhe tosa peyabte ar afo.esa~d; and in ~he e+ero any sum of moaey brcomes payabie under s~ch policy or poLc;es sa~d M02Tt~AGEE s~~il have ihe opt~on lo rece~~•e a~~d appty ~he sa~ne on account o( ~he i„d~bt~d- ness setur¢d hereby or ~o perm~t sa~d MORTGAGORS to receive and use it or any part Iher.:of lor o:nrr Hur~ cs~•s. ,.~t~:o~.t ii~_.,u, wo~.~ y;,r r..p.:ir- ing any epu~ty, Gen or r~ght undar or by virae of ~h,s morcgage: and '+n the even~ sa•d MORTGAGORS shjll 4or any r~asoo fa~l to kcep the sa~d premis_s so insured, w fail io drfiver pr~.nptly any of Safd polities o( iniurante to said MORTGAGEE, or ia~; p:omptly to pay fuily any pr~.r,~~m therafor or 1~ a~y respect fail ro perfam, discharge, ezecute, eNecl, complete, co•nply wirh and abide by this covenant, or any pare hareof, sa~J MOR1v~vEE may p~a:e a~~o pay for such inswance or any part ihareof without waiving or affecling any opt~on, lien, equ~ty, o? r~gh~ under or b~ vi~tue of th~s hlo~tgage, and the lutl amount of each and every such parmeM shali be ~mmediately due and payable and shal~ bear interest irom the date thereoi umil poid at the rote ot n~ne per centum per annu:n and togrth~~r wi~h such irTrr~esr <h31i be s~wed by the l;en of fb~~ mortgage. 1. To petmi?, commit or sufter ~o waste. impairment ot deterioration of said propt~ty or any part thereof. 5. ]o pay aU and singular the costs, charges and e:penses, including a reasonable artorney'a fee and costs of a6s~racts of titie, incurred or paid at any tin:e by sa~d MORfGAGEE, because or in the evero of the ia~Iure on the part oi the said MORTGAGOR to duiy, pro~.~ptly and futly pe~form, d~scha~qe. execute, effec~, comp:ete, comp!y w~th and ab:de by each and eve~y the s~~pu~at~ons, agreements, co~dinons, and covenanra of sa~d prom~ssory note m,d ~h~• martgage any o~ e~ther, and=sa:d coses, cha~ges and expenses, each and every, shall be immediately due and payable; v~he~her or not ~hrre be no~~ce dr mand, attempt to col;~t Or suit pend~r.g; and the futl amourtt of each and every such paymem shall bear intprest from the date thereof uneil pa~d at the r.,re o! nine per centum per anuum; aix.' all said tusts, cha~9es and ~xpenses incurred w paid, togeth~r w~~h auch interest, shall be sewrcd by the lian of th~t mortgage. 6. That (a) in thr event of arty breach of this Mortgage o? default on ihe part of the MORTGAGOR, or (b) in the event any of r:d sums of money herein roferred to be not promptly and fully paid wirh:n th~rty (30) days ~ext att_r the same severa:ly become due and payaLle, without demand or reatice, or in thr evenr rach and every ~he s~ipu:at~ons, agrerments, conditions and covenants of sa:d promisso~y note and th.s mortgage any or either are nof ~uty, promptly and {ully perfanr.~d, d~sc~arged, exetuted, efleUed, canpleted, compGed wi~h and abided `ay, then in e:ther or any such event the sa:d ag gregate sum mentioned in said pron:issory nore then remaining unpa~d, with interest a:uued, and atl moneys secured hereby, shall become d~e and pay abie forthwith, w tiwreafter, at the opt~on of seid MORTGAGEE, as tuily and compierely as if al! of fhr sa;d svms of money were or~g~na:ly st~putated ro be pn:d on such d~y, anything in sa.d prom,ssory note or in this Mortgage to the cont:ary notwithstandi:~g; and thereupon or ~hereafter at the opuon of sa;d MORTGAGEE, w~tho~t notice or dr~nand, suit at law w in eqwty, therefore or thereaiter begun, may be prosecuted as if aU moneys secured he~eby hsd rnaNred pt~or to rts insiitution_ 7. Iha! in !he event that at the beginn~ng of or at any ti~ne pending any suit upon this Mortgage, or to foredose it, or to reform it, or to enforce payment of any [lair„3 htre~~der, said R50RTGAGEE shall apply to the Co~rt havir.g ~w~sd~crion thereof for the appointmeM of a Rece~ver, such Court shail iorthwith appoiN a receiver o( said mort~agrd property a!! and singula~, includ:ng al! a„d sngu~ar the ~r.come, p~of~ts, issues ar.d rever.ues from whetever scvrce derived, each and every of wh~ch, It be~ng expiessty unders~ood, is hereby mortgag~d as ii spec~ficalty set iorth and described in the g~anting and h~bendum dauses hereof, and such Receiver shali have all the broad and effec~ive funct:ons and powers in anyw+se e~rrusted by a Cou~t to a Receiver, ar.d s. ;h appoinfine~v shatl be made 6y such Courr as an admined equity and a matter of absotute nght to sa~d MORtGAGEE, and wirhout reference to the a:'equaty o~ inadequacy of thz value of the property mortgaged or to the w~vency or ~nsotverxy of said MpfciGAGOR o~ ihe defe~~dams, a~zd rh;t tvch ~r,+s, prolits, income, issues and revertues shali be app7ied by such Recriver acco~dmg to the tien or equity of said MORIGAGEE and the practice of such Court. 8. 7o duly, promptly and fully pe~form, d~scharge, ezecute, eifect, complete, comply with and abide by each and every the ssipulations, agreements, condiiions arid covenann +n sa~d promissory nore and this mortgaqe ser forth_ 9. That in ihe event tlic ownershrp of the mortgaged p~emises, o• any part ther,-of, 6ecomas vested in a pe~son other than the Me7RTGAGOR, tfie h1pRTGAGEE, its successors aod ass~gns, may, wishout ~oi~ce to the 110RTGAOR, deal w~~h such s~ccessor or successw in intereat with reference to th~s matgage and the debt hereby secured in the same manne~ as ~vith Atortgagor withovt in eny~.vay vit:ahng or d~uharg;ng fhe Morrgagors' liab~lity her~ ~~der ar upon the debt hereby sec~red. No sa'e of the Frem~ses hereby mortgaged and no Forbearance on the part oi the N10RTGAGEE er its successors or assigns and no ex~ension of :he time fo~ the payment of the debt hereby secured yiven by tFw /dORTGAGEE or its successors or assigns, ~ha!! operate ro release, d~xharge, modify ~hange or aflect the orig;nal liability of the MORiGAGOR herein, either in whole or in part. 10. !t is spec~fically agreed that time is of the essence of this contract and thal no waiver of any obl~gat~on hereunder or of the obl~gation se- c~red hereby shall at any time thcreafter be hetd to be a wa~ver of the ferma hcreof a of the instrument secured herby, 11. In adJ t:oo to the foregolig month'y payments of princ ~ af ar.d interes~ requi~ed by the prom(szory no'e srwred h~~r~b~, mortga~or covertants a:~d agrees to pay to morrgagee N,ith ea[h month?y payr,~ent an add~iional sum rs~~~~~ated by mortgagee to be eq~ai to 1, 12 oi the annual tost of the fofiow- ~~g: , A-All real p~ope.ty taxas Ir.~ed or ass~sstd agai•,sf th~ above desu;yed roat esrate. B- Przmiums on fire and windsro~ro ins~rar,ce as nere~rt requ;red to be ca-.ied on the improveme~ts s~~vate on the ahove described premises. C-Grern~u:r.s on such morr3aoe guaranty ir.sura~ce as mortgagee shall frc~, sme to s~me deem fit to carry on the loan s~cured hereby_ Mortgagce sha'1 from t6ne to time ro!efy morryagor in writmg of the an ou~t dve and payable hereunder and suth surn sha~i thereupon be due and c ayable on the due ciate of thr next month:~ payment and exh successive month thereafrc~ ur.til mortgagee shatl rtot;fy mortgagor of a change in suth a^ ount. Such sU:ns s1ai1 be arf~:ied by mo+tgagee to~rard tha paymeM o4 rea) prcperty taxes, insurance prem:ums, a~~d mortgage gua~anty insurance n•emiums. . IN V1ITNESS ':+HEREOF, the sa~d MORTGAGOR has hereunto set his hand artd seal the da and ~ y year first aforesaid. Si ned, Seated and 'vered in the presence of: _ ' ~ i ~ ~ `~C~ ~ ~ ~Seaq , _ Harry L+avid k~ood ~~s~ /~iu,~ ~ ~.~.~.~.1.2«a G!i d cs~aq _ hiaria R• ~juintana de t~ad ~~a~y 4 I STA7E OF F10RlDA $'t • l.tlCle " ' j COUNTY OF _ ~ ~ Harr l~vi.~ W~O~ ~ r i Before me perwnatly appeared Y - a~ Maria R. ~ ~llntana de WpOd his wife, to me wl~Idc~9rrQ~~ Is~wn to me to be f the indivWuals described in and who executed the foregoing' instrument, and atknowledged befwe me that they `i~~ ~e?l5~~~#pr 11ie purposes ~ rherein expressed. Aod the said i~rld R. _(?stintana ~e WOOC1 _ : . : ~X4 ~ i , - .~•~fe of the :a~d _ Harrv D~v_i~WQOd . a s6Qa~lE and private ; examination by me taken separate and apart from her said husband, acknowtedged to and before me that she.' initw~(i'p tSr 1 and volun- ' s~ , ~ r. i ra•iiy and without any compuisio~, constraint, apprehens~on, or fear of or from her said husband. ' WITNESS my hand and of(icial seal this ar~ff?- day of Novembert~ ~(7! ~ a 19 '~2 t ~ +4 • ~ _ ~ Notary Public in and foi•,t yyg~ of lorjde aTge ~ ~ A QF ~ O ~ ~ Q ~ My Commission expitss: ~D. '~j i n ; s I tiOfARY4~~1C. StATE ot fIORIDA st IARGE ; oZ ~ OOCLIMENTARr t TAMP l~.X j ~Y CpMf~~SS'ION EXPIRES SEPT. 25, 1975 ~ ~EPT.Of REttENUE = ' ew _ ' ~ ~ BonQeC Bp Ametipt~ 8anlcars Inwt~uG~ Ca. ~ ~Q ; o~.. ~ ~ 5 6. 5 5 t _ ~ o ? ~N~t - ~ ~ i This Insirument Prepared By ~ry F. BllwOOd $TLLU~~~C OUNTY Fll, ~ First Federal Savings & Loan Association ~~Ek GC'~ '~!T COURT ~ € ; ~ of..,~ort Pierce~ Florid.~? 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