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HomeMy WebLinkAbout2831 3. To ptace and cont~»uousty keep on tne L~i'du,gs now or heieafter ~i~uate on sa~d ~and and on a~i eq~~p:nrnt and persona~ty cove~ed by ~his mortg• ege, w~~h ap p~emi~rns th_reon pa d in full, f~re ins~~ance ~n the ~suaf standard po~~cy form, in a wm appro+ed b~ the MOR(G.>GEE, a~~d w~nJ:~orm 1nsu~aoce in• the us~al srandard pol.cy fo~~n, in a wm apprc•.ed by the MORTGAGEE, in wch co~npany or ccmpan~ea as the h10RTGAGEE ~~ay d~recl; and alI fi~e and w~ndstorm inwrance po!icies on any ot said b~ild+ngs, any interest therein or part thereoi, in Ihe aggregate sum aforesaid or in eacess thereof, shall :om,,in the usvnt s~ar.dard mortgogee dause w such other dause as ~he Mo~~gag~e may reqv~re, ma~ing tt~ ~oas unJrr s3~d polr c~es, each and every, pa~~bte ~o sa~d 1~1pRTGAGEE as ~ts Interrst may appea~, and each and every wch pu:~cy ahoA be promptly a~sg•~ad and de~~vc~ed to any he!d by sa~d Y!ORiGAGEE as (wther secu~ity to said mor~yage debt, and, not less than ten ~IO) days in ad.ance of the exp~rauo~i of each polity, to de- fiver to se~d MORiGAGEE a renewal ~hereof, toge~her with a rece~pt fw the pr~m~um of s~ch renewal; and thrre shai~ be no Lre or windstc~m ~ns~:a~ce placed on any of said bvildings, any interest therem or part th~~eof, unless in the form and wiih the loss paye6;e as afo~escid: +nd in tl~e eYent any sum of money becornes pa~ab`e undr~ wch poticy or pol~c:es said MORTGAGEE shall have the opt~on to rece~ve and appty +he sa~ne on accounrot the ind~or~d- ness secured hereby o~ to permit said MORTGAGORS 10 receiv¢ and us! it M any part lhrccof fo~ otnrr Y~r~~osrs. ~..t~~':~t t!~ .~~~•„J .'r .•+•p°~ - ing any equ~ty, I~en or r~ght under or by virt~e of this mortgage; and in the event sa~d MORTGAGORS shall fo~ any reason fail to kaep the sa~d premis:s so ~r~iurrd, or fa~l to del~ve~ promptly any of said poGues of insurance to sa~d MORIGAGEE, or f~~! p:Gmptiy to pay f~.~y a~~y pre;,,~~:n thrrrior or in a•~y re:pect fa~l ~o perform, d~;charge, executr, effecl, compiete, co:nply wirh and ab~de by th~s co~enani, or any p~rt h~reof, s~~d h1vRiG:.GEE may p~ace a~.e pey fot such insurancc or drct part thareof without waiving W al(ecting any optiOn, lien, equrty, Ot right under or by vutue oi Ihis Mortgagt, and the i;;l~ amou+~t of each and every such paymrM shall be immediately due and payabte and shaN bea~ intereat from the dete ~hereof uniil p.,~d at tiie rote ol ~~~~~e per crnrwn per ann~~n and ~o~r~ha~ w~fh such inrerest shali be secured by fhe lien of this mortgage. 4. To permit, comn~it or suffer no waste, impa~rment or deterioration of sa~d property or any part thereof. 5. To pay all and singola~ the costs, char9es and expenses, induding a reasonable attorney's fee and costs of abstrads of title, incurr~d or pa~d at ~ny tin:e by sa~d MQRTvAG:E, because or in the event of the fa~lure on the part of fhe said MORiGAGOR to duly, prompdy and futly perform, d~sci~arge. _•~c•cu~e, effect, complere, co~nply wnh and abde by each and every the stip~la~~ons, agreemznts, conditions, and covenantt of sa~d pron~~sso~y note and ~h;i ~~or~gage any or e~~h~r, and sa,d costs, charges and eapenses, each and every, shall be immed~ately due and payabte; whe~her or not thrre be nof~ce dr mand, atten,pt to coilect or suit pend~ng; and the full amount of each and every such payment shali bea~ inte~es~ from ihe date thereof until paid at the o~ ~~~~~e ur~ :~•~~t,,~n ~_cr an~~„ n; and aL' sa~d cos~s, d~arges and expenses iruurrrd or paid, togett~er w~~h such interest, shall be secured by the I~en of th~• mortgage. 6. That (a) in the event of any breach oF thia Mortgage or defaul~ on the pa~t oi the MORTGAGOR, or _;b) in the eveM any of sa;d sums of money hertin referred to be not prcmptly and fully paid within th~rty (30) days next atter the same severa~ty betumc due and payaL•!e, wilhout demand or not~ce, c~ (c} in thr eveni aach and every the stipu:ario~s, agrreme~~ts, condrtions and covenants oi sa,d pro~r.~swry note and fh~s mortgage any or e~ther are no1 iuly, prompily a~d f.,~iy ~er(ormed, d.scharged, eaecuted, effected, completed, compi~ed with and ab~ded 5y, then in e~~her or any such event the sa~d ag- ~~~~gare aum ment~oned in said promissory nore then re~naining unpaid, with imerest acuued, and a~i monzys secwed hereby, shall brwmr due and pay- ao e forthwith, or ihereoft~r, at !he option of said MORTGAGEE, as fully and tompletety as i1 al: of the said s~ms of money were or~ginaily st~pu:ated to be pa~d on such dc~, anyth~ng in sa:d prom:ssory oote or in this Mortqagr to the con+rary notwithstanding; ar.d ~hereupon or the:eafier a~ the op~~on of s~.d 11lORTGAGEE, withe~t r,once or demand, suit at law of in equity, therefore or thereairer begun, may be prosecuted as if all moneys secured hereby n, d maWted pnor to na mstituuon. 7. That ;n Ihe e.•ent ~hat at the beginning of w at any ti~ne pending any suit upon this Mortgage, or to foreclose Ft, or to ?eform it, or to enFo:ce (3yT.t't1} of any cia~:r.s hereunder, said MORTGAG~E shal! apply to the Coun having ~urisd;ct~on thereof 4or the appomtment oi a Recr~ver, such Court sha~l fc:~F,v.~rh appo~ro a rece~ve~ of said mortgagrd property all and singular, indud~ng all and singuiar the ilcome, pro(ns, iswes a~d revenues fram wh,iever s: v•ce derived, each and every of wh~ch, ~t being expressly undentood, n hereby mort9aged as if spec~ficalty set forth and deuribed in the grannng and i~i>end~m dauses hereof, and wch Receiaer shall have all the broad and efiective funct~ons and powe~s in anyw~se emrusted by a Court to a Recei~er, and s.;h 3p;wintment shatl br m.~de by such Ceurt as an adm~tted eq~ity and a matte~ of absolure right ro sa~d MORTGAGEE, end v.ithout refere~ce to the ,:iey.:~cy or inadequacy of the vatue of the property mortgaged or to the so~venty or insotvency of said MORiGAGOR w the defendan!s, and that such ~e•.rs, p:ofits, insome, ~ssues and revenues shalt be applied by sLch Rece~ver accord~ng to the iien or equity of said 61URTGAGEE and the pracnce of wch Court. 8. To duty, prompt;y and ful~y pe~form, d~scharqe, execute, effect, compiete, compiy wi~h and abide by each and every the stipulations, agreemenis, ro.~di!~ons and covenanu ~n sa~d prom~ssory nete and th~s mortgage set forth. 9. 7hat in the e~ent the ownersh~p of the mortgaged prem~ses, w any part thereof, becomes vested in a person other than the MORTGAGOR, the 'tORTGAGEE, its succrssors and ass;gns, may, wirhout norice to the A'10RTGAOR, deal w~th such wccessor or successor in interest with rele~ence to this ~ o•tgage and the d~bt hereby secured in the same manner as•w~th ldorrgagor withow in any ~yay vitiating or d~xharg~ng the Mo~tgagors' liability herr ~_^des or upon the debt horeby sec~~ed. No sale of the prow+ses hereby mortgaged and ~o forbearance on the part ai the MORiGAGEc or its svccessors c~ ass~g:~s and no ex!ens~on of the time for the paymen~ of the debt hereby secured given by the MORTGAGEE oc ~ts successors or auigns, aiiall operate ro reiease, d~scha~ge, mod~fy change or affeU the orig~nal Gau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. N is spec:f~cally aareed that time ~s of the esserce of this contract and that no waiver of any eb~~gat~on hereunder or of the obligation sr cured hereby shali at any tm~e tnereafter be held to be a waiver of the te:ms hereof or of the instrumeM secured herby. I1. In add.ho~ 'o th~ forego ng rnonrh!y payments of p:inc pal and inrerest required by the prom ssory no!e secured hereby, mo:tgagor covenants d agrees ro pay to ~~~orryagee ~e~th each mJnthly ~ayr.:ent an add~nonal sum esr:n ated by mortgagee to be eqva~ ~0 1 12 of rhe annual cost of the foliow- ; , A--A'I real prop~~ty tax;s le~~ied or assesse3 agai•:st shc abore described real estate. B- Prr~:.w ns on i~.e ar:d winJ;ta-m irsuracce as here~n requ~red to be carned on the :mproveme~ts s~tuate on th~ above descrioed premises. C-Pre•r:~u:•~s on such m.ortg,ge guaranty ir.sura~~ce as martgagee shail fro:n t me to t~me deem fit to tarry on the loan secured hereby. Mortgagee s~- 1'.rom f~~ne to tlme nctify mertgagor in w~it~ng of the amo~~t dve and payable he~eundrr a~ such sunt shail there~pon be due and ..~::[e on th-_- d~e d:•re ci fh> nuxt n:onth:y paymem and each successive momh the~eaft~r ureil morrgagee shall nor;fy mo.~gagor ot~ange in such _e~rt. Such swns s~ be apF. ied ~y n-ort~ag_e toward ihe paymeni ot rea! preperty taxes, inswance prem, s, and mortgage:'gvatanty iosurance ~~~nium5. ~ IN ~1!?~1E~5 '.':!!~REOF, the sa~d MORTGAGOR has hereunto set h:s har.d and seal the day an ear f" s afore E Signed, Sealed a~d dclivered in the presence of: . ~ , al) ~ , _ Richard D. S ed J. ~~,q ~ ~~i~~/jQJ GL+2 (seap Martha Sue Sneed ~~aq ~ ~ ~',~iE OF FLORIJA ~ ~ _:U'JTY Of _ SL . i.liCle ~ Before me pe~sonally appeared Rieh~r~ D_ Sna@dy JZ and ~3rtrla SI1Q SI1Ced _ _ his wife, to me well known and knoNn_to me to be +re ind~viduaSs described in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for tte 3purposes ~ ~e:ein expressed. And the said i`1~?rtha $ll@ SAe@d ~ ' ~ - . •;t~ of the sa:a _ Richard D. Sneed~ .11. uppn'a jep=arat~ plid,private .,.y'r:ndT~On by me taken separate and apart from her said husband, acknowledged ro and before me that she executed said iaitrJ~rRnt free?y'and'volun- a•~;y and without any compuSsion, constraint, apprehen~~on, or fear of or from her said husband. i . ` WITNESS my harsd and off:cial seal th~~~O~ day of ~'CQ~eI ~ f q~, ~q •7a ~ _ ~ J ~ ~ ~ ~ ~ " ' . ~ _ ~ - Piotary Pub in and fpr the'State of Fie~i~a af Yarq~ - ti My Commission expires: 9`/ ~/7 6 - ~ Ret~m To: ~ • ~ ~ First Federal Sav~nga 3 Loan Assorat~on j ~ ~ o} Fo~r P ~:o~. FIL For. P~~~ce. Ftor~~d sr. luci "c ?:~co4uEO f ~ ° r,3 ~ RocE= F uMrrs t~. ~ CLER~ ~..,~:1~fRA " ' COURT ~ REC~). C y~p~: ?EJ This Instrument Prepared By RiChard K. Kayes DEC ~ First Federal Savings & loan Association ~ of Fort Pierce , Floz i da . f 21 ~n '71 , ~ ~ ~~i~ ~ Checked By ~ ~ ~ ~~~rW PAI~~~ _ ~ c Yc'~"'~: _ . . . . _ . _ . . - K ~ k ~ r~ xtw . . . i ~ _ ~-y~~~_'~yi'„~'jv -~'~.r~ '~a'~ r°~'su . . . ~'~r~,~.,~.~%~.~".t~~r-..,pa„~_. _ . _ . .