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HomeMy WebLinkAbout3000 3. To place and conrinuously krep oo the bu~:dh~c~s :~o+v o~ hereai~e~ ~~tua?e on sa~d land and on aL' rqu~Hmrn1 s~d peroonatl~ cove~rd by this mortg- ege, w:rh all prem~uns thereon pa.d in full, fv~ insuran:e ~n ihe us~af standard po~icy form, in a sum approced by the MOR~"AGff, a,d w~~~di~oim ~n~urance in ihe ~s~al s1~::da~d po..cy lorm, in a sum approved by the MORTGAGEE, in sucA canpa~~y or compan~es as ~he h10RiGAGEE may d~rea; and alt i]re and w~nJsrorm inw:anca poGc~rs on any of sa~d bu~id~ngs, a~y inrere~l thartin or pa~t th~repf, in the ag9r~gar~ su~n aforesa~d or in eatess thrr¢p~, shali ,ontoin ti~e us~al standard mortg:~gee clause or s~ch other davse as the Morlyagee may requ~re, malun9 ~h2 .csi undrr sa~d pot~ nrs, each and rve~y, pay~;,le ~o sa~d A~ORTGAGEE as ~~s ~n+e.es~ ~nay aF~pear, and each and e~rry such ~t~cy ihalt be prompfty asig~,ed and de;~~er~d ~o eny held by sa~d h'.ORTGAGiE es furrher security to said mortgage debt, and, not leu than ten (10) days in adwance o! the exp~rahoo of each po6cy, ~o dr- Gver to ee~d MORTGAGEE a renewal ~he~eof, toge~her with a rece~pl tor the premium of such renewat; at~d ~here shall be no i.ra or w:ndsto~:n ins~rence p~.+ted on any of said 6vildi~gs, any interest there~n or part thereof, unless in rhe form and w~th the loss payable as aforesaid; and 7n the e~r.it any sum of rt~oney becomes payab;e ~~de~ such polity o~ p~iitiei s.~id MORTGAGEE ahall have ~he opno~ to recatve and appty the sa~~~e on acco~n~ of i~e i~~J.rbu•d- ness secured hcreby or ro permlt said MORTGAGORS ~o receive and use it a any part the:rof ior o~i~~•~ ~;U~j .JSt'S. \'I•~/~JJ~ in.••.;,J or ~~~p,.,:- ing any equ~ty, i~en o~ nght under or by virtue oi thi: mo:tgage; and i~ t~a event sa~d V10RTGAGORS sha!1 for any ~eason iail to krep ?he sa~d premis_s so inw~ed, or fail to det~~er pra~~ptly any of said poGcies of insurance to sa~d MORTGAGEE, o~ tai~ promptly to pay fu~ty any pramwm therefoi or in any rripect fail to perform, d~scha~~e, exec~le, effett, compietr, to:nply wirh and ab~de by th~s tovenant, or any part htreo(, se~d MORTi,AGtE may piace a~~tl pay for s~ch insvrancr o~ any parl ~hereof w~thout waiving or atfecti~g'any option, Iien. equ:ty, or r~ght ur.dei o~ b~ v~r~ue o~ th~s Mo:tgsge, and ~he t~~il acnou~t of each a:~d e:ery such payment shalt be immediately due and payable and shafi bear interest lrom thr date thereof ur~tif p„~d at the ~ate of n~n!'ptv fent~m per ar,n~.~~ and to~~ih~~~ wi~h such inre~esr shali be seccred by the lien of th~s mo~tgage. 4. To permit, tommit or suffer no waste, impa~rmenl or deterioration oi said prope~ty o~ any parl thereof. 5. To pay all and s~ngula~ the costs, charges and expenses, including a reasonabte attorney's fee and costs of abstracts of titla, i~curred or pa~d at n~y tim.c by said MORTGAG:E, because w. in the event of the fa:ture o~ ~he par~ of the said MORTGAGOR ro duty, promp~fy and fully periorm, d~scha~ge _.~cute, efiect, comp:ere, comply w~th and ab,de by each and eve?y the st;pulat,ons, agreements, conditions, and covenants oi sa~d prom~sso~y note and ih~s -,orrgage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immed~ately due and payabte; whether or not there be ~otice dr mand, attempl to co;l¢~t or suit pend;ng; and the full amount of each and every such payment shall bea. inierasf hom the date thereof unril pa~d at th~ - 1. o~ nine per ce~fum ~:rr .,n~:o:n; and aif sa~d ccsts, charges and eape~ises incurred or paid, together w~th such ime~est, shall be secured by the t~en of th;~ mortgage. 6. That {a) in the event of any breach of this Mortgage or defaulr on the pari of the htORTGAGOR, w;b) in the event any oF sa:d sums of money h~~.e~n referred ro be not pranptiy a~xl fully paid within th~rty (30) days next atter the same severally bec.x,~e dut and payable, w~~hout demand or norict, (c) in the even! eath and eve~y the stiputations, agieements, conditions and tovenams of sa.d pro~nissory note ar~ th~s mortga9e any o~ either are not i~;y, prornptly and f~tty perfamad, dscnarged, ececuted, effected, complerzd, compbed with and ab~ded Sy, then in e~ther or any such event the sa~d ag- a~egate sum mene;~ned in sa~d promissory nore then remaining unpa~d, with interest accrued, and all moneys sec~red hereby, shall become due and pay- nc:.c farth,e,~rh, or ~hereafter, a~ the opt~on of said A10RIGAGEE, as fuiry and compte~ety as if aN of the sald sums of money weie onginaily shputated ro be pa.d on such d~y, any~hir.g in sa.d pran~ssory note or in this Mortgage to ~he com.ary ~ot,n~iharand;ng; and tF.ereupon or thereafter at the opi~on of s+:~i MORTGAGEE, without not~ce or demard, suit at law or in equity, there(ore or tl~ereafter begun, may be proxcuted as if all moneys secured hereby r„d maturp~! pnor to ~ts mstir~t~on. 7. Thrt ;n the event that at the beginning of or at any time pe~ding arey suit upon this Mortgage, or to toretlose it, or to reform it, or to enforce ~ a~ment of any cia~~n: hzreu~der, said MORTGAGEE shall apply to the Court haviiig ~~nsd~cnon ~hereof for the appo~ntment of a Rece~ver, such Court ahai~ i;,:rhwith appo+nt a receiver of sald martgaged property all and iingv7ar, inciud~ng a11 and smguiar the income, p~of~~s, issues ar.d revenues from whatever seurce deri~ed, each and every of ~vh~ch, it be~ng expressly ~nders~ood, is hereby morrgaged as if spec~fically set forth and descrited i~ the granh~ig and haoendum ciauses ~ereof, and such Receiver shaU have all the broad and efix~ive funct~ons and powers in anywise entrusted by a Cuu~t to a Receive~, and :~ch appo;ntment shall be made by s~ch Court as an admifted equity and a matter of absoiute r~ght to said M02iGAGEE, and w~fhcul refereoce ro the adey~acy or inadequa~y of the vatue of the prope~ty mortgaged or to the so~ve~ty or msoirency of said MORiGAGOR or thr defzndanfs, and ~hat such - ~_~~,rs, profits, income, issues and revenues sha!! be applied by sexh Receiver according to the lien or equ~ty of said MORTGAGEE and the practice of such Court B. To duly, promptty and fuily perform, discharge, execute, ef(ett, cpmplete, cumply with and abide by each and every the stipulationi, agreements, condnions and covenants fn ia~d promissory note and this mortgage set forth. 9. That in the eve~t the ovinership of the mwrgaqed prem;ses, or any parf thereof, becomes vested in a person otfier than the MORTGAGOR, the :'ORTGAGEE, irs su:cessors and assigns, may, w~thoW notice to the A'10RTGAOR, deat wnh such successor or successw i~ imerest with reference to thi~ ^ o~+gage acd the dco~ hereby secured in the same manner as with Mortgagor wrthout in any way vitiasing or discharg~ng the Morrgagors' liab,iity here- c~:der or upo~ the dabt fiereby sec~red. No safe of th> premises hereby moitgaged and no forbearertce on the pan of the /dORTGAGEE or its successors o- ass~gns and no exce~s;on of rhe time for the payment of the debt hereby secured given by !he MORiGAGEE or its successors or ass:gns, a~tiall operate ro re+ease, d~s:harqe, modify change oi affect the orig~na! Iiab,iity of the MORTGAGOR herein, either in whole or in pa~t. 10. !t is spet~fically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereJnder w of the obtigation s~ c:red hereby shali at any time thereafier be held to be a waiver ot the terms hereot or of the ir.strument secwed herby. I 1. ~n ,;;id.t;cn to the forego na month!y paymeros of princ pal and inrerest requ'ved by the prom'ssory nore sewred hereby, mortga~or covenants d agrees ro pay ta mortgagee v,.~rh each monthly payr.~enf an addi<ional sum estm,ared by mwtgagee to be eq~ai to 1 12 of t4z an:wal cost of the folfow- A-AI{ real pro;.err~ tax,s levic~ or assessed agai•ist thc above,described real esrate. t 6--Fre~r.w•ns on fire and windsto~m insurar.ce as herein rcqu~red to be carried on the improveme~ts sitvate on th~ above desc~ibed premises. C-Pr~m7u::~s on such m.ong~,ge gua~anty insurance as mortgagee shail frc~r. t.me to t~rr;e deem !:t to carry on the loan secured hereby. Mortgaqee sh.ai: f~om tirne to tirne notify mcrtgagor in writ~ng of the amount due and payable hereundrr and such sum shail thereupon be dve art~ :~,abfe on the dve oare oi the next monthly payment and each successive manth thereafter ur.til mortgagee shail notlfy mortgagor of a chan~e in such ount. Such s~~ns sFi! be app;ied by mortgagee towa~d the payment of real property taxes, insurance prem;ums, and mortgage guaraniy insurance e~.,;ums. {N \'11TNES5 '.':HFREOf, the satd MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid. l Signed, Seated and delivered irt the presence of: ~ ~,r Seal) in s r . ~~aq ` ~ _ (Sea~) ~a~r'"ic ia . ines «a~~ 5'aTF OF FLORIDA ~ ~ ~J!dTY df _ SL . L.1IC 1@ Before me personatiy appeared wayne ~J. S1T1@S ~ JD. a~ Patricia A. Sines his wife, to me well kn~wn and known to me to be , rh~ individuats described in and who exe ut tF~e fprego'ng ~ Yument, and acknowledged before me that they executed the same for the purposes th-~~ein expressed_ And the said ~a~rlcia A. ~ines r,,fe of the said _ ~11a}/fl@ V. Sines, Jr. upon a sep~~te and private 3m~narion by me fakrn separate and apart from he+ sa~d husband, acknowledged to and befo~e me )bat she exewted said instrur.~¢nt frp~y anc~ volun- «•~~y and without any computsion, constrain!, appreher.s(:/on,.or fear of w from her said husband. WITNESS my hand and offi:iai seal this 1--~~ ~ day of ember ~ p. ~ > - ~ ~ - ;.~s. ~ ~ ' ~ - ..~1 c . ~ ary Publit in and for the e of Flef' at .~argE~ Ret~m To: - My Commission expires: J~' v • r- ~ ' : 7 . . ~irst Federal Savings 3 Loan Associat~on . Of forr P,c..ce , r^-~ e' For: P~erce. Fleritia „ , , , ~ FIIEO xt:; :~EC:~ROfo Si_ LtiC~~ ::(t:;hiY FlA_ ~ F.O~~-; .-.1r~~~S This Instrument Prepared $y Gazy F. Ellrvood C1E:? CGItRT ~ First Federat Savings & Loan Association ~F~" -`L' of Fort Pierce~ Florida ~C i3 4 11 1 H~1Z Checked By ~)~~c~~ l~r V ~ ~ . . _ . ~ ~ z-.;F ~y ? i~ ~ . r „a~~ ~~.~`2' "2<e'~..-,~ ~'L- ~ ~ _ 7. •~x R ~~~:sf~~,e:a'd~J!