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HomeMy WebLinkAbout2763 3. To pl~ce and cont~n~o~siy Meep on Ihe b~iidmgs now or herea(ter ~ituate on sa~d land ard on al~ c•q~ipment and peno~ally covered by this mo~1g- ege, w~th all p~em~~ms thr:ro~ pa d;n fu~l, firc ins~rance ~n the usual s~andard po!rcy form, in a sum approved by the MORIG:.GEE, a~~d winds~orm ~nsurance in the ~wal stande~d po:•cy fo~m, in a sum appro.ed by tha MORTGAGEE, in suth company or tompan~es as ~he MORTGAGEE may direcL and all Fi+e and wmdatorm insura~+ce po~~cies on any of said b~ild~ngs, any interest there~n or pa~l thereof, in the aggrrqate sum aforesaid or in eacess thereaf, shall con~ain the uwal star.da~d mortgagee dauae o~ such o~her dnuse as ~he Mongagee may requ~re, maMing ~he ~css ~nder sa~d poli- c~e~, each and e~e~y, payab!e to sa~d AIJRiGAGEE as ~n imer~st may appear, and each and every sucfi poi~cy shall tx piompfty ass gned and del~ver•rd ~o any hrld 6y sa~d MORlGAGEE as fu~~hrr sewrity to said rnwtgage debt, and, not less than ten (10) days in advance o( ~he eap~~anon o1 each polrcy, to de- hve~ ro said h10RiGAGEE a renewal thereof, togHher wilh a receipf for the premium o1 suth renewal; and there shail be ~w f+re or w~ndsto•m insurance plated on any of said build~ngs, any inte~eet therem a part thereof, unless in the fo~m and with the tos~ payable as afaresaid; and in ~he event any sum of money beco~nes paYable ~nder sucl~ poi~cy or po6cies sa~d MORTGAGEE ~h~ll have ihe opi~on ro rece~.e and appty the sa~ne on account o1 ~he inJeb~~d- ness sec~red hereby or to permit sa~d MORTGAGORS ro receive and use it or a~ry part ~hereol ior o~~~~ r pur,.~srs. ..:rt;c.:t ih: ui ing any equ~ty, I~en or r~ght under or by virNe oi this mo:!gage; and in the event sa~d MORTGAGORS shall for any rr~son iail to keep ~fie sa~d prem~s~s ao insured, o~ Fail t0 detive~ p~omplly any of Said pol~cies of iasurance t0 sa:d MORTGAGEE, or f~it prompNy to pay iully any ~'r~~~~~:n the~elCr or ~n a~y re:pect fail io periorm, d~scharge, ~xrcute, effecr, comp~ete, comply wi~h and ab~de by ~his covrnant, w any par~ htreoi, sa~d MGRiGAGEE may p~ac~~ a~~o pay fcr such inwrance or any part the~eof w~thout wa~ving w affecting any optio~~, lien, rqu~~y, or righ~ under or b~ vu~ue of ~his Mortgage, and the t~il amo~nt of each and e.ery such payment shall be ~mmed~ately d~:e and payable and shall bear interes~ from the data thereof un~il pa~d at the r~~e ol n~ne per centum per annum and tw7eih~~r v~ith wch inferest shali t~e sacured 6y the lien of th~s mo~tgage. 4. To permit, commit or suffer no v~?ste, impa~rment or derenoration uf said praperty o? any pait thereof. 5. To pay alI and singular the costs, charges a~d eYpenses, including a reasonabie a~!orney's iee and costs of abstracts of title, in~urred or pa~d at eny ~in.e by sa~d MORIGAGfE, because or in the event of the tailure on the par~ of ~he aaid MORTGAGOR to duly, pro~t~pNy and f~11y perlorm, d~sch~rge. a~ec~te, effec~, comptete, comply w~th and ab.de by each and e~•ery the stipulanons, agreements, co+~ditions, and covenants of aaid p~om~ssory note and this mortgage any or a~~her, and sa!d cosrs, charges and expenses, each and every, shall be immediately due and payabfe; whethe~ or no~ thxre be nat~ce d~ mand, atcempt to coilect or suit pcnd~ng; and the full amount of each end every such paymem shall bear in~eres~ from the date the~eof until pa~d at ~he ,..rr o~ n~ne oer cent~~~ pr~ ann..:»; ond all said cosis, chargrs and rxprnses incurred w paid, together w~th such inte~est, shall be secured by ~he lie~ of thi~ mortgag6. 6. That (a) in the event of any breach of this Mortgage or defa~It on the part of the MORiGAGOR, or ib) in the event any of sa;d sums of money hrrein roferred ~o be not prcmptly and fully paid wiihin thuty (30) days nexf after the same severally ~ecome due and payable, without demand or no~~ce, or ~4 in the evem each and every the st~pu~ations, agreeme~ts, cond~tions and covenants of sa.d promissory no~e and th~s mortgage any a e~ther are not iu~y, promprly and f~lly per(urmed, d.scharg~d, exec~ted. effected, completed, comptied with and ab~~ed 5y, ?hen in e~ther w any such event the sa~d ag 3regate wm mentioned in said prom~ssory ncte tnen remaining unpaid, wirh intnrezt acuued, and all mon2ys secured hereby, shall become due and pay- ao e fo~~hwirh, or thereafter, at the opr~on of seid MORTGAGEE, as fuNy and completely as :f al~ of the sa~d sums of money were or+g~nstty st~pulated !o be pa•d on such day, anything in sa d pran~ssory note or in this Mortgage to the contrery not,iv~~hstandhig; and thereupon w thereafter at the opnon of ij.d MORTGAGEE, w~rhout nonce or demand, su~t a! law or in equ~ty, thereFore or Ihereafier be9~n, may be prosecuted as if all moneys securcd hereby n~d matured pr~or to ~ts insGtu:~on. 7. Thar in the event rhat at rhe beginn~ng of or at any time pe~ding any su~t upon fh~s Mortgage, o. to fo.eclose it, or to reform it, or to enfo.ce p~~ment oF any cls~ms he~eunder, said MORTGAGEE shalt apply to thr Courf having juri:d;a~on thereof for the appointment of a Receiver, wch Cou~t shait ferfhwirh appoim a rece~ver of said mortgaged property all and singular, inciud,ng aU and s~ngular the income, prof~ts, issues and revenves from whatever scurce derived, ea:h and every of wh~ch, it being expressly understood, is F:e:eby mor~gaged as if spec~ficatly set forth and described in the grant~ng and habendum clauses hereof, ard s~ch Rece~~e? shall have all the broad and effective funct,ons and powers in anyw~se entrusted by a Court to a Receiver, and s_:h appoiniment sh~ti be ma3e by wch Court as an admitted equity and a maner of absotute right ro said MORTGAGEE, a~d virirhout refeience to the a.iequacy or inadrq~acy of the value of the property mortgayed o: to the soivency or insolvency oi sa~d MORiGAGOR or the defendants, and that such ren~s, profits, income, issues and revenues shall be appiied by such Receiver accord~~ig to the lien or equity of said MORTGAGfE and the practice of such Court. 8. To duty, p~omptly and fvl~y pe~form, dizcharge, execute, effect, complete, comply with and abide by each and eve~y the st~pulations, agreements, ccnditions and covenann in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other ihan the MCRTGAGOR, the :'~RiGAGEE, iu wccessors and asvgns, may, w~thovt netice to the N.ORTGAOR, deal w~th such successor w wccessor in ~nterest w~th re(ere~ue to this r. o•igage ard the debt hereby secured in the same manner as w~th tAortgago~ w~thout in any way vihating or d~xharging the Mortgagors' liability herr ~~.der a upon the deb+ here~y secur<d. No sate oF the premises hereby mortga9rd and no forbearance on the part of ~he I/RORiGAGEE or its successors or assigns and no eater.ston oi ihe nme for the payment of the debr h~reby secured given by the MORTGAGfE or itz successws a assigns, ahal! operate ro re!ease, d~schacge, modify change or affect the orig,nal liab~l~ty of the MORiGAGOR herein, eitner in whole w in part. 10. It is spec~f:catly aoreed that time is of the esxnce of this contract and that ne waive? of any obligat;on hereunder or of the obligation sr c~red hereby sha~a at any time thrreaher be held to be a wa~ver of the terma hereof or of the instrument secured herby. 11. In aod.t:c~ to the foreyo ng monih:y payrn~nts of print pal and interest required by the prom~ssory nore secu~ed hareby, mortgagor covenanis +cd agr_es to pay to mo-tgagre ~n~th each monthiy payr.,ent an add~rional sum est~meted by mortgagee to be equal to 12 of the an.:ual cost of the fotlow- A-All real prop~rty ta,cas lev~ed or assess~-d agae•ist the aoove descr;bed real esrate. B-Fro~~.~u•ns on fire ar.d .,r~r.dstorin insurac~e as iwreiq requ~red to be carreed on the ~mproveme~ts s~tuate on the above desc.ibed premises. C--Pre,niu~~a o~ wch mort~;ge gua~anty ir.surar.ce as mortgagee shall fro:~ r:me to ti~r.e deem fit to tarry on the loan secured hereof. M.ortgayee sh,:~ frcm t~me to :~me notify mertgrger 1n writ~~q of the amount due and payable hereunder and such sum shali tnereupon ~e due and ,~ble on :h_• dae aa!e of thr next monti~:y payment and each successive month theceafter uoti! martgagee shall not~fy mortgagor of a change in such ~ -,~unt. Such s~ms s1~a.i be app'.ied by mortgagee toward ine payment of real property taaes, ins~rance prem:ums, a~id mortgage guaranty insurance j :rc•niumS. ~ IN WIT~iESS :'rH;REOf fhe sai~ MORTGAGOR has hereunto set his har.d and seal the day and year rst aforesaid - ~ i t SigrRd, Sealed and de~ivlred jn~Jh presence ofc ` ) - - r~ Seal) ~ _ ; _ ~ Y1 ~ Y (Seaq ~ - L'" ~ v -(5ea1) ~ _ Mild]red P_ O~clc (Seap ~ ~ ;?ATE OF FLORIDA ~ ~ u. COU'JTY Of St • Lt1C1Q ~ Before me personally appeared HaYZ)/ S~ Orr a~ Mildred P~ ~YZ his wife, to me well known and known to me to be e th~ ind+viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~ Mildred P. OYr B; rherein expressed. Rnd the said ~ ::Ije of tF~e ~a;d Harry S. OZY upon a separatQ and private era~nmanon by me taken separate and apart from her said husband, acknowledged to and before me that she executed said iny~rv:tiP.ilf'ffe~ly and wlun- r3~,~ and w;thout an ccm ulsion, constraint, a reF?ens~ n, or fear of or from her said husband. ~ Y Y P PP ~ f~ y.'~ -.i~.,: > WITNE55 my hand and official seal this dsy of ~ lA. D~~19% ~ ! ~ j . . - / I~", ~ r . . . , . . . _ ~ Ndta:y Pubtit in and for tGe'St3le;of rid et latge; - ~ My Commission expires: :~~"1•~ :j :'J ' ~ i,t.. Return To: ~~y~ - _ ;;,a . : - 'ri First Federal Savings 6~ Loan Associaho~ r•, ~.~Q . Of Fert P.erce. / ~ s.,~~' ~ . . . . iort P~_rce. Flor~da ~ ~IIEC a4~• kECJRDEO ~ ST.LUCir i,~UkT~ FLA. ~ RGCE• ^U~TRAS `c~ ~ CLEBK C .;;UI~ COUAT ~l ~ This Instrument Prepared By Richard. K. Kayes P,FC(1P~ :~t?~=~ep ~ First Federal Savings 8 Loan Association ~ 09 ~ of Fort Pierce , Florid~? ~ Checked By 243485 ~ ~ 60GK ~Vt7 PAGE~ I~ ~i""' ~ 4 ~ , . : _ . . . . . . ~ di ~s.~^`'~ = I s. ~ ~ = . _ ~~..p`~ . - ~ ~,~~4~ .'~'Yi.