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HomeMy WebLinkAbout1971 3. To place and con~~nuo~sly ieep on the bu~'.d~~.gs nox or herrafter ~iiuare on sa~d ~and and on all eq~ip:nenl and pe~sonally cove~ed by this morrq- sge, with all prem~ums tF.ereon pa:d ~n ful~, thc fniwance ~n ~he ~sual s~a~xla~d po~~cy form, in a sum aHHroved by thz MOR:G~GEE, a~~d w~ndstorm insurance in the us~al srand~rd po:.cy lorm, in a wm a;:pro.rd by the MORTGAGEE, in such company or co~~~pan~es as the A10RTGAGEE may d~rec~; a~d all tire and w~ndi~orm insu~ancr po:~c~rs a~ any oi sa~d iou~,d~ngs, any inreraa~ therein or parr thereof, in ehe aggre9a+e sum atoresald o~ in excese lhereof, shall con~~~n ~he uiua~ stand~rd moif~agre uause o: such o~her c(ause as the Mortgagee may requ~re, me?i~g ~nr +ou unJr~ s..~d poli- ues, each and every, payab:e to so~d h1JR1GAGEE as ~ts ~nr~•r~st may appea~, ard each and e.ery such po:~cy sliall be promNtly aas g~~ed and de;~vr~cd ~o eny hald by said hIOR(GAGEE as further srwnty to sa~d mortgage debt, and, not less than ten (10) days in ad.~nce of ~he expunt~on oi each poGcy, to dr- liver to sa~d MORTGAGEE a renewal thereof, together with a receipf (or thr premwm of such reneNa~; and there shail be no i~re or w.~~dstc~m insurance plated on any of sa~d bui!dr~gs, any intaresf therein or part thereof, unieas in the (onn and w~th the loss payable as afu~esaid; and in ttie e~ent a~y sum of money becanee payable ~ndar wch policy or pol;cies said MORTGAvEE shal! have tF~e ophon to ~eca~ve and <pyly tha same on atcoun~ of the :ndcbt.•d- ness setured hareby or lo pcrn~it sa~d MORTGAGORS ?o reteive a~~d usa it or any part thercuf lor on,cr Hw~osrs. .•.~ii:~~1 ih_~. .r_~.~ p=~~- ~ng eny equ~ty. Gen or r~ght under or by virtue of this mo~tgage; and in ~he event sa:d MORTGAGORS sha!i for any raason tail to kerp ~he sa~d prem~s_s so insurd. o~ faii to de~rver promptly any of sa~d po~~cies of in~wante ro sa~d MORTGAGEE, or fa~: promp~ly lo pay fu~ly any pren,wm t4~erefor or in any respec~ fail to perforrn, d~scf,arge, execurr, effect, canplete, canp~y wi~h and abide by this covenant, or any part hereof, sa~d MGRfGAGEE may piace a~~o pay fu~ such ins~~r..,~ce or any part thereof w~thout waiving or affecting any op~~on, I~en, equ~ty, w r~~ht undrr or by virtue of tt,is Atortgage, and thc f~ll amavnt of each and every such paymrm shall be i~nmediately due and payable and shall bear interest (rom the date ~hereof u~~til po~d at the rate oi nine per centum pe~ annu~n r.•d to~_thar vv~th s~ch in*r«st sha11 be sacured by the Gen oi Ihis mort9age. 4. To permit, commit w suffer no was~e, impaument w de~erioretion ~f sa+d property or any par~ thereof. S. To pay all a~d :irw~ula. the coats, charges and expenses, induding a reasonoble attomey's fee and costs of abstracts of title, incu~red or paid a~ any time by said N.ORIGAG`_E, because o~ in the event of thz fa~iure on ~he parl of the said MOR7GAGOR to duly, prompf~y and f~Ily perfor~n, d~scharqe. execute, effed, compkre, co•mp!y w~th ard ab:de by each and every the stipulat~ons, agree~~~ents, condi~~ons, and covrnants of sa~d prom~ssory note a~d thii mortgage any or ei~her, and sa~d ce:rs, charqes and expenses, each and every, shall be immed~ately due and payable; whr~her or rtot thr~e he not~ce d~ mand, atte:np~ to co~lecl or suit pend~ng; and rhe fuH amount of each and every svch payment shall bea~ interest from the date thereot until paid a~ the ro;e oi n~~ze per cemvm per annu~~; and aH said cosfs, charges and expanses irxu:red or pa~d, ~oyr~hrr wdh wch in~erest, shall be secured by the li~n of this morfgage. 6. That (a) in thr eveM of a~y brcach of this Mortgage o? default on tFr_ pa~t of the A10RTGAGOR, or ;b) in the event any of sa:d wms of money herein referred to be not promprfy and fully pa~d ~viih~n ~h~rty (30i days next affer the same severa!ly become due and payabte, without demand or not~ce, or (c) in thr evem rach ai:d every ~he sUpu;ar~ons, agreements, cond~tiau and covertants of sa.d prom~ssoiY no~e and tlus n~ortgage any or enher are not ~uly, prompNy and fully performed, dacharged, executed, effected, comp+eted, compiied w+~h and ab~drd Sy, ~hen in e~ther or any wch event the sa~d ag gregate sum memioned in sa~d prom~ssory note then rema~ning unpa~d, with interest accrued, and ail moneys secured hereby, shatl become due and pay ab'.e fmthwith, or thereor+er, at ihe cpr~on ot said MORTGAGEE, as fu!ly and comple~ely as ~i all of ?he said wms of money were ong~naUy st~pulated to be pa~d on svch d:.y, anything in se d prom~ssory nete or in this Mortgaqe to the contrary notwithstand~~~g; and thcrcupon or thereafter at the opt~on of sa:d MORTGAGEE, w+~hout nouce o~ demand, suit at law or in eqwty, Iherefore or thereaher begun, may be prosecuted as if all moneys secured hereby nad matured pnw to as i~s~itut~on. 7, That in the evem that at ~h~ beginn~ng of or at any time pendir.g any suit upon this Mortgage, or to iorectose it, or to reform it, or fo enforce payment of any claims he~eundrr, said t.1pRTGAGEE shall app!y to the Court having ~ur~sd;cTion thereoi tor thz appo~ntment of a Rece~ver, such Court shall fer:hwith appoint a receiver of sa~d mortgaged properly al~ and singular, indud~ng aIl and singular the income, profi~s, issues and revenues from whatever seurce derived, each and every of wh:ch, it beeng expressly undars~ood, is ~ereby mor~gaged as ~f speoi~caily set forth and described in the grarzr~ng and habendum cSauses hereof, and such Receiver shai{ have all the broad and effect~ve funct.ons and powe~a in any.vfse entrusted by a Cov~t to a Recciver, and s~ch appoiniment shalt be made by svch Cour: as an admittrd equity and a matter of absutute right to said MORTGAGEE, a~d w~thout reference to the adequaq w inadequaty of the value of the property mortgaged or to the so;vency or insotvency o1 said MORTGAGOR or the defendanss, and that suth renrs, profits, incame, iss~es and revenues shall be appiied by such Receive~ accord:~tig to the lien or equity oi said ~10RiGAGEE and the pract~ce of such Court. 8. To du:y, promptly a~d fully pe!fo~m, discharge. execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cor.ditions and covenan~s ~n sa~d promissory note and th:s mortgage set forth. 9. That in the e~ent the ownership of the mortgaged prern~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the 4'ORTGAGEE, its successora ar.d ass~gns, m3y, without nofice to the MORIGAOR, deal with such successor or successw in interest with reference to this ~•,o~tgage and the debt hereby secvred in the same manner as wiih 11.ortgagor wrthout in any way vit;ating a d~scha~ging the Mortgagors' liab~tity here- under w upon the debt h:reby sec~~+ed. No sa;e of the Fremises he~eby rrwrtgaged and no forbearence on the part of the lAORTGAGEE or its successors or ass~gns and no exrens~on of the rime fo* tne paymem of the debr hereby secvred given by the MORTGAGEE or its successws or ass[gns, ahall operate ro re~ease, d~scharge, modlfy change or affect the origmal liab~l;ty of the MOR?GAGOR herein, either in whole w in part. 10. It is spec f~c,.tly agreed that ti~ne is of the essence of th~s contract and that no waiver of any obl~gat~on hereunder or of the obligaYan se- cured hereby shail ai any time thereafter be h.:d to be a wa~ver of the terms hereoi or of the instrument secured herby. 11. In addi:o~ to fhe fotegol~g montn'y paym~nts of arinc ~al and i~~r~~rest requhed by the p~omissory nore sccured hcreb~, mortgagor covenants ' a~d agrees to pay ro^~o•rgagee w~~h eacn roonrhiy pay~•:ero an add~:ionaf sum est r.:ated by mortgagee to br eG~al to 1, 12 of the anrwal cost of the fo~low- ~ng: A-All real prope•ty taxes ~ev~ed o: assessed ag~~•~st thc a'cove describ^d real estate. 8-Prc~,:~~ :u on fire and windstorm ms~~rar.ce as here:n requ:.ed to be ca~ried on the ~mproveme~ts s:tuate on the above d_scribed premises. C-Prem~v,~a o~ wch mortg~ge gua~anty ~r:w:a~.ce as mo-!9agee shail frc:n t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha!1 '.om t~me ~o ~~~ne nOtify mortgagor ~n wrlt~ng of the a~: o~~r due an~ payable hereund~r and w.h sum shail thereupon be due and ~ ayabie on the due csate of the rext n:onthiy paymeM and each swcessive n,onth thereaft~r ur,ri~ mortgagee shail notify mortgagor of a change in wch I~ i^ount. Such su:ns s~a`.! be ap~~!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance C ~~•emiums. ~ IY \YITNESS '1'lNEREOF, the sa;d MORTGAGOR has hereunto set his hand and seal the day and year~st aforesaid. ~ Signed Sealed d dp;,~ver in the esence of: . ~ (Seal) ~f y (Sesl) J .t ~ ~a,~ (Seal) STATE OF FLORIDA ~ COJNTY OF St • L11C1@ ~ ~ Kenneth R, Drew aefore me personally appeared end EVe j?I1 I.. I"~ his wiie, to me well known and known to me to be ~ rhe individuals described in and who ezecuted the foregoing instrument, and acknowledged before me that they eaecuted the same for the purposes rherein expressed. And the said Evelyn I.~ Drew rv;fe of the said Kenneth R• Dr~ , upon a separate and private ecam~nat~on by me taken separate and apart from her said husba~d, ack.~owiedged to and befwe me that she executed said instrument frRely and volun- " rar;iy and w~thout any comp~Ision, constraint, apprehens:on, or fear of or irom her said husband. NOVk3IDU@r ~ 72 ~ WITNESS my hand and official seal thit_-- 28~ day of 9. Q,t~~,~ J ~ ~ • ~ ~ C ~ . . ~ Notary Pubfit in end for the $tate of flwi~"~1 la~e _ . , My Comm~ssion exp~res: _ ~ : _ Return To: : i , rt Vh • ~ 4 ~ ~ first Federal Savings 3 loan Associat~on MY CC' ` -~~r' ~ 197 ~ ~ ~ 01 Fort P:e~c>. _ bUf.:+t~ InitJUGH PHED W. D{E~icLMt?R~~ ~ a~;"~ ' ~ fort Pierce. F!c~lda . I~/; ~ . . 2429S1 . ~ ; d , <; ~ - ' , fILEO ~'1D i~fCGR0E0 ~ ~ This ~nstrument Prepared By John W. Co11ins,iLlUC="z ~~UN?Y FLA. ~ ROf ~R 'r ~~RAS First Federal Savings 8~ Loan Association CIERK ~:Uij COUR~~p° ~ of Fort Pierce, Floricia p~~~;,_ ~•.-,~c;~?~~~ Checked By ~ ~ ' 9 17 ~ ~71 aooK20~ ~a~fi97i ks ' l - _ - :s ~-~~'~"0~;,'_~ - - ~ ~ti. ~ _ . x _ _ _ ~ . . xr _s:.~ , . . v,.~ n . .