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HomeMy WebLinkAbout1611 3. To place and cont~nua,sly keep on the twi'.d~ngs now o~ ~~e~eai~e~ s~~uate on se~d land and o~ a!! eq:,ip~nenf and personal~y covered by this mwtg- sgs, wiih all prem~ums ~hrrcon ps'•d in f~il, Gre ir.surance in the uiual u~~uiard po,~cy fo~m, in a wm approved by thr MOR~~AGEE, and w~ndstorm insurance in fhe us~al ~~andard pol,cy torm, in a s~m approved by ehe MORTGAGEE, in such canpany o~ compan~ea as rhe MORIGAGFE may diretl; and aU fi~e and w~ndswrm insurante policies on any of sa~d build~nys, any iateresl ~huein w parf thereol, in ~he agg~ega~e sum alo+esa~d or in excess thercof, shall contain ~he ~eual standaid mortgagte uausa a such oiher c~aus~ as the Mo+tgagae may requ,re, msl.~ng the ioss u~xle~ sa~d poti- cies, each and every, payab!e to said A10RTGAGEE as ~~s ~roeratt may appear, and each a~d eve~y :vch pot,cy shatl be prompuy ass gned ar,d de~~Ye~~d io sny hetd by said MORTGAGEE as funher security to said mortgage deb~, and, no1 less than ten i10) day• in adva~xe of the ezpirat~on of zach policy, to da live~ to said MORTGAGEE a re~ewal thereoF, togethe~ with a rece~p~ fpr the prem~~m of such renewal; and ~here shall be ~o f~re or windsro~m ins~rante plactd on any of said build~ngs, any i~terest the~ein or psrl thareo(, unless in the form and with Ihe loss payable at aforesaid; and in the event any sum of money becomes payab:e unde~ such poticy o~ policies said MORiGAGEE shali have ~he option ~o receive and apply the same oo accoun~ of the indrbtrd neu secured hereby ot to permit said MORTGAGORS to receive and use it or any pa~f thercwf tor otner pur~.oses, v:~lho~t th_+.u~ .v:,~~~~y u~~a„ir- ing a~y equ~~y, li~ w right unde~ w by virtue of ~his mo:sgage; and i~ ~he event sa~d MORTGAGORS shall ior any reason fail to keep the aaid premis~s so insu?ed, or fail to delive~ promptly any of said pol~cies o1 insurance to sa~d MORiGAGEE, or fait promptly to pay fully any prem;um ther¢for or in a~y respect fail to perlorm, d~scbarge, e~ecute, effec~, comptetr, comply with and abide by this covenanl, or any part hrreof, said MORT;,AGEE mey piace a~~d pay fa such insurance or any parl therepf wirhou? waiving w atfecting any optio~, lien, equ~ty, or righf ~~de. w by virtue of ~his Mo~tgage, ond rhe full amouM oi each and every svth payment shalt be ~rnmrdiatety due and payabk and shall bear intere~l lrom the date thereof umil p~id at the rate of n~~e per cenWm per annum and to~ethar with such interesr shalt be srcu.ed by ihe lien of this mottga9e. 1. To permit, tommit w suffer no waste, impairment or deterio~ation of taid properly ot any part thereof. 5. To pay all and singutar the costs, charges and expenses, ~nclud~ng a reasonable attorney's fee and costs of absrratts of t~tte, incurred o~ pa~d ae any time by uid MORTGAG:f, because w in the event of the failure on the part of ihe said MORTGAGOR to du~y, promptly and fully pertorm, d~scha~qe. execure, eifect, compte~e, comp?y w~~h and ab:de by each and every the stipularrons, agreements, conditions, and tovenants o~ sacd pran~ssory note and ~his mortgage any or e~rher, and sa:d costs, charges and expen:es, each and every, shalf be immcd~arely due and payab~e; whe~her or not ~here be nof;ce dr mand, attempt ta coliect or suit pentf~~; and the fult amount of each and every such payment shall bea. interest from ~he dare thereof uwtil pa~d at the iate of ~;ne per centum ver amwrn; and all said .osts, charges and exoenses, inc~rred or paid, together w~th suth interest, shall be setured by the l~eo of th~~ mortgage_ b. Thaf (a) in ihr event of any breach of this Moctgage or defaulr on the part of the MORTGAGOR, a(b) in the evenl any of said sums of money herein referred to be not promptly and fully paid within th~rty (30) days next after the same seve~a;ly become due and payable, wilhout demand or norice. or (c) in the evern each and every fhe stipu:ar~ont, agreamems, cond~tfons and covenaNS of sa.d promissory note and th~s mortgage any w e~~her are no1 ~uly, promp~ly and fu:Iy performed, d~schaigrd, exetuted, effected, completed, comFlied with and abided 4y, the~ in e~ther or any such event the sa~d ag gregate svm mentioned in said promissoty note then remainirr~ unpa~d, with interest accrued, and a!1 mo~eys setured hereby, shall become due and pay- able fo~thw;th, or thereafter; at the option of said MORTGAGEE, as ivlly and completely as if all of rhe said swr.s of money were originally st~pulated to be pa;d o~ such d~y, anything in sa:d proin~asory note or in this hlatgage to the comrary natwirhstand~ng; and tF~reunon or thereafter at rhe opr~on of said MORiGAGEf, withaut norice or ~mand, suit at !aw or in equify, fherefore w thereaf:e~ begun, may be prosecutnl as if aIl moneys secured hereby n~d matured pnw to ~ts instit~tion. 7. That in the evenl that at the beginning of or st any time pending any suit upon this Mortgage. or to fw lose it, or to reform i~, or to enforce paymenl of any ttaims herpunder, soid MORiGAGEE shati apply to the tourt haviirg jwisd;crion ~hr.eof for tl~e ap~ntment of a Receiver, such Court shafl fcrfhwith appoint a receiver of said mortgaged property all and singular, includ~ng aIl and singular the irtcome, pro171~? issues and revenues from whatever source derived, each and every of wh:ch, it be~ng expreasiy underarood, ia hereby mortqaged ss if spec~fically set forth and destribed in the graniing ar.d habendum clausrs hereof, and such Receiver shali have all the broad and effective tunct.ons and powers in anywisr entrusted by a Cou.t to a Receive~, and s.ch appointment shall bt made by such Court as an adm~~ted equity and a matter of abso~ute right to uid MORTGAGEE, and without reference to the ad~quaq or inadequaty of the value of the property morfgaged or fo ihe so.vency or inio)venc~ of said M.QRTGAGOR or the defendants, and that such ren~s, profits, income, issues and ~evenues shall be appiied by such Rece~ver accord~ng to the lien or equity of said MORTGAGEE and lhe practice of such Court, 8. To duly, promptly and (ully perform, discharge, execute, effrct, compte!e, comply with and abide by ench and every the stipulations, agreements, conditions and covenams ~n sa~d promissory note and th~s mo~tgage set forth. 9. That in the event the ownership of the mortgaged premiaes, or any part thereof, becomes vested in a person other than the MORTGAGOR, the A'.ORTGAGEE, its succeasors and assigns, may, without notice to !he MOltTGAOR, dea! with such successor a euccessor ;n ;nteres! with reference to this mortgage and the debt hereby secured i~ the same manner as with Mort~ago~ w~thout in any way vit~ating or d~scharging the Mortgagora' liability here- under or upon the debt hereby sxu~ed. No sa~e of the Fremises hereby mo~tgaged and no forbeara~ce on the part of the /~10RTGAGEE or its successws or assigns artd no e,crension of the rime for the payment of the debt he~eby secured given by the MORiGAGEE or its successors w ass~gns, ai~all operate ro release, d~scharge, modify change or aff~t the orig~nal Iiab~Gty of the 1VM1ORTGAGOR here7n, eithtr in whote or in part. 10. it is specifically agreed that time is of the essen~e of this contract a~~d that no waiver of any obligat~on hereunder or of t(ne obtigation se- cured hereby shati at an~ time tF~¢reafter be held ro be a waiver of the terms he~eof p of the instrurneM secured herby. 11, In add,t~oi to the fo~egong monrhly payments of p:inCpal and interest req~ired by the prom;ssory no!e sca~~ed hereby, mortgagar covenants er.d agrees to pay to mortgagee with each monrhly payroent an add~rional sum esr.ma~ed by mortgagee to be equal to 1; 12 of the annual cost of the follow- ~ng: A-Aii real property taaes tevied o~ azsessed agai~st nc~ abave desv,bed resl estate. B-Pre:r.~ums on fire and w~ndstor,n ~ns~r~r.ce as here~n requ:red to be carried on the improveme~ts situate on the above d~x~ibed premises. C-Prcmiums on such mortg~ge g~aranty ir.sura.:ce as mortgagee sha? fran t:me to ume deem fit to carry on the loan secured hereby_ Mortgagee shaif f~cm t~me to rlme netify mcrtgagor in wr;!~~y af the amou~t d~e and payabfe hereunder and such sum shatl thereupon be due and c ayable on fhe dve dafe oi ?he n~xt mo~thiy payment and each successive mor.th thereaire~ ~r.tit mortgagee shall nat;fy mortgagor of a change in such a~~~ount. Such sums sFa~l be applied by mortgagee toward tFe payment of real property taxes, insurante prem:ums, a~~d mortgage guaranty insurance p~emiums. iN Yl1TPJESS YJHEREOF, the said MORTGAGOR has herev~to ut his h3nd and seal the day a year,,(irst afaresaid. Signed, Seated and delivered in the presence of: ,~(,u"!.~'"'~~" . a4 Lawrence Alan Gr nwood ~~8n (Sea4 . . ti.._..r~.~ (Seaq ` Adrianne B. Gzeenwood ~ STATE OF FLORIDA ' ~ couNn oF St _ Lucie j~' ~ Lawrence Alan C~eenwood ~ Beforo me personally appeared a~ ; - Ad=i anne B C+teel]NAAd his wife, to me well known and known to me to be ~ the individvals described in and who executed the foregoing instrument, and atkrwwtedged before me tA~t tirey executed the same for rhe purposes E rherein expressed. And the said Adri~nne B. GreenwOAa ~ ~vife of the said ~ upon a separate and priwte ' examinat~on by me taken separate an apart from her said husband, acknowfedged to and befwe me that she executed said instrument free~y and volun- ! rarily and w~thout any compulsion, constraint, apprehens~o or fear of ot f her said husband. f . WITNESS my hand and offiual sea! thiL da of A, D. 19~c_ . , f • . E • Notary Public in end ( the Stata ,FbridaC~1 large~ r` ' My Commission eap' _ ' . : Retum To; - ` - ; First Federat Savings 6 loan Associat~on K~AR1' PU6~ ~A ' _ i ~ o~ RQRf~j( et~~, Of Fort P e:ce. aoYoC0.1M1$~I~, aq~ ' Fort Pi_rce, Florida ~d 7Arv Qr~w~~y'I, , E 1,~+.1 • : fIIE~J A~Ip RECOROEO ; This Instrument Pre ared B ST. LUC~_ rOUMTY FlA. . P Y John W. Collins RGGE~ PO?TRAS ; First Federal Savings 8 Loan Associaiion CIEP.K CIhCUIT COURT ; of Fort Pierce ~ Flozidz? pcrORp ~E::'r~EO Checked By 4 Nor 18 8 4i ~M'1Z ; ' ~o~K 20~ ~~Ei61i ~sss ~ ~ . ~ ~ . : : _ _ - , ~ ~ ` ~rv~ ~ ~ ; ~ ~T.. r . - . _ _ . . .~yj ~ .