Loading...
HomeMy WebLinkAbout2825 .3. To piace and connnuoutily keep on the bui'J~nc~s now or hereaiter s~tuete on said land and on alt eq:.i~:ment and personally cove~ed by th~s mong- ege, w~th ail p~em~~+ns; hrreon pa•d ~n full, tire insurance in the usual sra~xlard policy (orm, in a wm approved by ~he h10RtG:.GEE, and winJitorm ~nsurance in ~he us~al a~andard pol,cy torm, in s sum approved by ~he MORiGAGEE, in such co+npa~~y or compan~es as the 1dORTGAGEE may dfreu; a~d all (ire a~~d w:nds~orm ins~~ance pol~c:es on any of sa~d buifd~ngs, any iNeresl the~ein or parl thereof, in the agg~egaie sum aforesa~d or in eacess theieof, shall :o~tain the uwal standa~d mortgagee cfause or such othe~ clause as the Mo~~gayre may requ.re, mak~ng the loss w~der sa~d po~i- cies, each and e~rry, payabte to sa~d h10RTGAGEE as ~rs inr.;r~~st may appear, and eath and eve~y suth potic~ shall be p~omptly ass g~~cd a~,d de~iver~d to any held by said h10RTGAGEE as funher security to said «~~ortgage debt, anJ, not less Ihan ten (103 days in ad~~nce a( the exp~~auon of each pol~cy, to dr liver to said V10RiGAGEE a renewal ?hereof, togeihei with a rece~pt for the premivm oi such renewal; and there shalt 6e ~w i~re o~ w~~~ds~o~m inwrance placed on any of said bu~Id~ngs, any interest therein or parl the~eof, unless in the form and w~th Ihe loss payable as aforesaid: and in 1he event a~y sum of money brcomes p~yable under such po~icy w poLcies said MORTGAGEE shall have rha opnon to receive aod app!y tha san~e on accoun~ oi the indo.~•tad- ness secwed hz~~by or to permit sa:d MORTGAGORS to rete~ve and use it w any pa~t ~he:eof tor ori,••r ~:~r~ oscs. ,•.~~~~o~r ~h ~~r .v.:~.~ ~9 c~ ~"~P~~'- ing any equny, Gen or r~gh~ u~der or by rirt~e of Ihis mo:!9age; and in the evem sa:d MORiGAGORS shall to~ any reason fail to kcep thc sa~d premis ~s so insured, or fall to de!~ver promplly any oF said policies of insurante fo sa~d MORiGAGEE, or fa~l promptly to pay fully any pr~n,~„m therefor or in a~y resped fail ro perform, disdn~rge, e~ecute, elfect, comp~ete, comply with and abide by this covenan~, cv any part hzreot, sa~d MURTGAGEE may p~ace a~o pay (w such insur~nce o~ any pert thereof wiihout waiving w affecting any option, lien, equ~ty, or r~ghr unde~ or by vi~tue of ihis ldortg3ge, and the full anoun~ of each and e~ery such paymeN shall be immed~ately due and payable and shall bea~ interrst from the dete thercof until pa~d at the rate ot n~ne per cen~um per annu~n and to~_thrr ~n,~th such inrrrest shali br sec~red by the I~en of th~s mortgage. d. To permit, [cmmit or suf(er no waate, impairment or deterioration of said property or any part thereof. ~ 5. To pay alt and singuta~ the costs, •.:iarges and expenses, includm9 a reasonable altorney's fee and cosfs of abstracts oF titte, incurred or pa~d at any ti~r e by sa~d MORTGAG~E, because or in the eYent of !he fa~lure on the part of the said MORTGAGOR to duly, prompfly and fu~ly parform, d~scha~ge. execute, efiect, canpkte, comply w~+h and ab:de by each and every the stipu!anona, agreements, conditions, and covenants of sa~d pror.i~ssory note and thie mortgage any o~ e~~her, ar~d sa:d costs, charges and expenses, each and every, shall be immed~ateiy due and payab:e; whether or not the~e be not~ce d~ mand, attempt ro collect or suit pend~ng; and tha full amount of each and e~ery such payment shall bear interes~ from the date thereof until paid at tV,e r.,ie o~ n+ne ~~cr c~nt~m per an~~,;m; end all said cous, chargra and expenses incur~ed or paid, ?oyather w~th such interest, s~all be sec~red by the i~en of this mwtgage. • . 6. That (a} in thr eveM of any breach of this Mortgage or defaulf on the part of the MORTGAGOR, or (b) in the evrnt any of sa:d sums of money herein referred to be noe pron,Ntly and fully paid wi~hin thuty ~30) days nex~ after the same severally beconee due end payabte, wiilwu~ demand or nonce, or ~c) in the event each ar.d every the stipuEations, agreements, conditions and covenants of sa.d promissory noie and th~s mortgage any or e~ther are no1 iu~y, promptly and (utiy performed, d sci~arged, executed, effected, completed, compM~ed with and ab~ded by, then in eaher w any such evero the sa~d ag ~regarz wm mennoned in said pro:nissory no~e thrn remaining unpa~d, with iroerest accrued, and all mo~cys secured hereby, shall become due and pa~ ab!e forthwith, or thereafrer, at the opf~on of said MORTGAGEE, as fu~ly and complerely as ii all of the said sums of money were or~gina:ly shp~iated io be pa,d on such d~y, anything en sa d prom~ssory note or in this Mortgage to the contrary notwithstand~ng; and thereupon or thereafte~ at the opt~on ot sa:d MORTGAGEE, v~itnout notice or drmand, suit at law or in equ~ty, therefore w Ihereafter begun, may be prosecuted as if a!I moneys secured hereby nad mat~red pnor to rts iniutut~on. 7. That in ~he evrnt that at the 6eginning of o~ at any time pendir.g any suit upon this Mortgage, or to foreclose it, or to reform il, or to enforce p3yment of any clai~r.s hereunder, said h10RTGAGEE shall apply to the Court having j~r~sd~ct~oo thereoi for ihe appomtmeM of a Rece~ver, such Court s~afl fc~thwith appo~ro a receiver of said mortgaged property ali and singu~ar, inctud~ng ail and s~ngu~ar ~he income, prof~ts, issues and revenues fian whatever s~~rce derived, each and every of wh.ch, it being expressly understood, is hereby morigaged as ii :pec~iically set fath ar.d described in the granting and hshendum c?auses hereof, and wch Receiver shall have all the broad and effective funcnons a~d powers in anywne emrus~ed by a Court to a Receiver, and s,.:h appoinrme~it shall be made by such Court as an admitted equity and a matter of abso~ure r~ght to sa~d MOR7GAGEE, and without reference to the ec.+equaty e+ inadeq~aty o( the vat~e of the property morigaged or to the so~ve~cy or insolvency oi said MORiGAGQR w fhe defendams, and that such re~ts, profits, incorne, issues and revenuea shalt be applied by such Receiver accoid~ng to the lie~ or equity of said MORT~3AGEE and the praclice of such Court. 8. 1o duly, premptly and fully p~~form, discharqe, execute, effcct, complete, comply with and abide by each and every the stipuiations, agreements, condrtiens and cover.anrs m sa~d promissory note and this mortgage set fo~lh_ 9. That in the avent ~he ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.^,RiGAGEE, its wccessors and ass~gns, may, w~thout notice to the A10RTGAOR, deal ~v~th such sutcessw or suctessor in interest with reference to this o•fgage and the d=6t hare5y sx~red in the same manner as w~~h l+tiortgagor without in any way vitiating or d~xharging the Mortgagori Iiability herr u~:d~r or upon the debt hereby secured. ko sa!a of the premises hereby mortgaged and no forbearance on the pari ai the MORiGAGEE or its successo+s - o~ ass~g~s and no eatension of rhe Nme for the paymem of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ro re!ease, d~scharae, mod~fy change or affect tF~e original liabil~ty of the MORTGAGOR herein, either i~ whole or in part. 10. It is speuf~calty agreed that lime is of the essence of fhis contract_ and that no waiver of any obligation hereunder er of the obligation se- cured hereby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument setured herby. 11. In add ho~ to !he forego r,g month!y pa~-ments of princ'pal and interest required by the prom ssory no!e secured 'hereby, mortgagor covenants j~:d ag~ees to pay to n:origagee ~nith eath momhiy pay~nent an acid~~ional sum esr~nza~ed by mortgagee to be equal to 1;' 12 of the an:iual cosr of the fo~!ow- ~ n<3: A-All real properry faxes fevied or assessed agaiost the above described real estate. 6 Pr~n,~,, ns on fire and windsronn ~nsuracce as herein requ~red to bz carried on the Emproveme~ts sitvate on tha above d,scribed premises. C-Pre-n~urns on such mortgage guarar.ty ir.surar,ce as mortgagee sha~l ficm t~me ro time deem fit to carry on the loan secured kereby. i i Mortgagee s^a'i f~am nme to time ~ot~fy mortgagor in writinq of the amoum due and payable hereunder and such surn shall ihereupon be due and ; ayable on thc du. da~e of the next monthiy payment and each svccessrve month thereaher ur,tit mortyagee sha~l notify mor!gagor of a change in such ~ ount. Such s~ms sra:! oe a ied b mo~t a e toward the a ment of rea~ ~o rt taxes, insurance rem:ums, and mor: a e uarant inwrance E - PF~~ V 9 9^ P Y P Pe Y P 9 9 9 Y •emiums. - E IN Y/ITN[5$ `NHEREOF, tne s~d ti50RTGAGOR has hereunto set his hand and seaf ihe t~ay and year first a(oresaid. f ~ ~ S'~ Sealed ar.d s~efivec - in Sjie resence vf: /n , ~ ~ ~ L~ ~ ~Seal) ~ (Sesl) i ~ _ ~ ~~l~[~~1 ~ (Seal) ~ {Seal) S'ATE OF FLORIDA ~ St. Lucie ~~~1tJTY OF _ - I Before me personally appeared _ Cf]3Z1eS G1bbOn5 and _ _ F ra nc es E. Gibbon s his wifc, to me well known a~d known to" me to be 1 rne individuafs described in and who eaecuted the foregoi~g instrommt, and acknowledged before me that they eaxuted the saMl•' `ior the purposes ~ v rherein expressed. And the said Fr ~CeS E. CilbbOilS .1'' ' Cha rles Gibbons ~ ~ te of the said - '~On.~ s~psrat~,and private ~ c.am~nat~on by me taken separate and apart f~om her said husband, ackraw:edged to and before me that she executed~said ~llstr~ent fr~y~arn!'volun- ~ •~•~:y and without any compuision, constra~nt, apprehe/ns~on, or fear of w from her said husband. ~r ~YITNESS my hand and officlal seal this_~L { t~ day or _ December r_~ p~"~. •19 - 72 ~ , - _ - ~ , ~iZ ~ f L, • ,~y-~ ~ • ~ Notary Pubfic in and for' the St~c/yf,~Jprid~ at I,ug'(; ~ My Commission expiks: - ( ~ Return To: ~ ~~1~ ~ ~i~ 24352'7 t~ ;z^~~=_' First Federal Savings 3 Loan Associat~on _~~~lf~~(t~i~~''~~ Y M Of Fort P:c.ce. ~ For. F~•:rce. F~orlda FILEO A!~^- P~C~ROED :T. LUCtE_~'.)UNTY FLA• POC: • ~~?!TRAS ~ ~ CL£Zx COUR ~ aF~~c- yc:: ,C...+.~~' This Instrurrzent Prepared By John W. CoZlins ~ First Federai Savings & Loan Association ~,1 ~ Zl PM of Fort Pierce , Florida ~ ~ ~ ~ Checked By ~ ~ ~ R - ~5 ~~824 X ~ A_ $ ~'S~~ :E, .F ~ --S ' ~ ~~`Fj . f4 .a~` ~ ~ ~ ~=-.i*r A.~.. ~ ~"1 ~ ,-x,`..- '~L. j ~ ~c~ ' ~ ' w..T .5A<'"- -~a _ 3 . .~.~~~.ea-~.~.~.~~'YS.. .