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HomeMy WebLinkAbout4111 To placc and continuously krep on the bui!di~gs now o~ hereaNer s~~uate on said ~and and on all equ~pmrnt and pe~sonally coveicd by this mo~tg- sge, with ell p~emiums thereon pa~d in full, fire insvrance i~ the usuat standard peGcy form, in a sum approred by ihe MUR+GAGEE, and w~nd~turm insuronce in the usual s~anderd pol.ty torm, in a sum approred by the MORiGAGEE, in auch company ot tompanies ss the MORiGAGEE may direch ~rtd al) (ire and w~nda~orm insuronce po~~cies on any of said bu~td~~gs, sny interest therein or part thereof, i~ the aggrega~e ium ~forrsaid w in excess ~hr~eof, ~hall ton~a+n the usual standard mor~qagee clause w such othe~ dause as ~he Mo~~gagee may ~equ~:e, mal.ing rha toss undrr sa~d poli- cies, each and every, payab!e to sa~d A10RTGAGEE as ~ts interesl may appear, and each and every such poiicy shall be promp~~Y ass gned a~~d driivercd ~o any Aeld by sa~d MORIGAGEE as fwrher security to said mortgage debt, and, not tess than ten (10) days in adyance of ehe e¦p~~at~o~ of each poticy, to de- liva~ to sald MORTGAGEE a renewal Ihereof, ~oge~he~ with a receipt for Ihe pramium of such renewal; and thr~e shaN be ~o f~re c~ winds~orm inwrance placcd on ~ny of said build~ngs, a~y interest therein or pait ~hereof, unless in the form and with ~he loss payable ai aforesa~d; and i~ the eve~t any ium of money becomes payable ~nder such policy a poGcies said MORTGAGEE shall have the opt~on to rece~ve and apply the san~e on account of the indebted• ness secured hereby w to permil said MORTGAGORS to rcceive and use it a any part thercoF ior ot%~er purc~oies, vn~hout m:~. u, ~3 ;,r „~~pau- ing any equ~ty, lien ur r~ght under a by virtue of this mo:'gage; •nd in the evenf sa~d MORTGAGORS shall ior any reason (ail to keep the said prem~s•~s so ins~red, or fail to da~~~er promptly any of said pol~cies of insurance 1o said MORTGAGEE, or fail promptly to pay fully any pre+~,~~~n ~here4or w in a~y respect fail ro perform, d~scharge, execute, eftect, complete, comply with and abide by this covenant, or any part hareof, sa~d MIrRIGAGEE may piace a~~d pay for such inswance or any part thereof wrthout waiving ot afiecting any option, lien, equ~ty, or r~ght under w by virtue of ihis Mortgage, and ~hc full a~nount of each and e~ery su:h payment shall be immediately due and payable and shall bear interest from Ihe date thereol until pa~d at the rate ol nine per cantwn pcv annum and to~ether with suth interest shaii !x setured by the lien of this mortgage. A. To permit, tommit or suffer no waste, impairment w deterioration of said property or any part Ihereof. S. To pay all and singular the costs, tharges and expenses, including a reasonable attaney's fee and coat~ oi abstrac~s ol ti~le, incurred or pa~d at any ti~ne by sa~d MORTGAG:E, because or in the event of ~he failure on the part of the said MORTGAGOk to duly, pro:nptly and f~ily pertorm, d~scharge. exec~te, e(fect, compiete, comply w~th and ab:de by each and every the stipulanons, agree~ne~ts, conditio~s, and covenanrs o~ sa~d promisw~y note and ~hii mortgage any or ei~her, and sa~d cosrs, charges and expenses, each and every, shal~ be immediately due and payab!e; whether w not there be notice da mand, attempt to mllect w suit pe~d~ng; and the full amount of each and e~ery s~ch payment shall bea. imerest from the dare thereof until paid al the ~are o~ nine per centvm per ann~rn; and all sa~d cosrs, charges and expenses incurred or paid, iogather w~th such interest, shall be sec~red by the lien of th~i mo~tgage. • 6. That (a) in the evenf of any breach of this Mortgage or default on ttx part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptly and (ully paid wifhin thirty (30) days nexi after the same seve~aily become due and payable, withou~ demand or notice, or (c) in the evenl each and every the stipu:at~ons, agreements, conditions and cove~ants o~ sa.d promissory note and th:a mortgage any w e~ther are nol i~ty, promptly and fully performed, d,xharged, executed, effected, completed, compiied with and abided Sy, Ihen in e~~her o~ any wch event the sal~ ag gregate sum mentioned in said pro~~issory note then remainin9 unpaid, wit~ interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of sa~d MORTGAGEE, as fully and complerely as if ali of the sa:d sums of money were originaily st~puiated ro be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the co~rrary notwithstand~ng; and thereupon a thereaite. at the opt;on of iaid MORTGAGEE, without notice or demand, suit a1 law or in equity, therefore w thereaiter begun, may be prosecuted as if all moneys secured hereby nad maturtd pr~or to its institution. 7. That in the event thal at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims he~e~nder, said MORTGAGEE shall apply to the-Court having jurisd~uion the.eof fw the appoinunent of a Receiver, such Court ahall forrhwith appoint a receivrr ot said mortgaged property all and singular, includ~ng aI1 and s~ngu~ar the irtcome, prof~ts, issues a~d revenues irom whatever source derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby mortgaged as if spec~fically set forth and desuibed in the g~anting and habendum clauses hereof, and such Receiver shail have all the broad ar.d effective fvnct~ons and powers in anywise entrusted by a Court to a Receiver, and s~~ch appoinrment shall be made by such Court as an admitted eqvity and a ma~ter of absolute right to uid MORTGAGEE, and witho~t reference to the adequacy or i~adeq~acy of the value of the property mortgaged or to the so~ve~cy or ~nsolve~cy of sa~d MORiGAGOR o~ the defendants, and that such re~ts, profits, income, issues and revenues shall be applied by such Receiver according ~o the lien or equity of said MORiGAGEE and the prachce of such CouA. 8. To d~ly, promptly and (ully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu~ations, agreements, condit~ons and covenanrs in sa~d promissory note and this mortgage set fwth. 9. That in the event the owr.ership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the M.ORTGAGEE, its successors and assigns, may, without notice to the MORiGAOR, dea! w~th such successor or succrssw in imeres~ wifh refrrence to this mortgage and the debt hereby secured in the same manne~ as with Mortgagor without in any way vit:ating w d~scharg~ng the M.artgagori liability herr . under w upon ~he deb? hereby secured. No sale of the premise~ hereby mo~tgaged and no forbearance on the part of the IAORiGAGEE cr its succeswrs o~ aasigns and no extens~on of ~he time for the payment o4 the debt hereby secured given by the MORTGAGEE or its s~ccessors or auigns, ahall operate to release, d,scharge, modify ~hange or affect the orig;nal liab~l~ty of ihe MARTGAGOR herein, either in whole or in part. 10. It is speuflcally agreed that time is of the essence of this contract and that rw waiver of any obligat~on hereunder or of ?he obligatan sr c~red 'nereby shall af any ~ime thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In aod.t:o~ to the forego'nq monthly payments of princ pal and interesr reguired by the prom~ssory nore sec~red he~eby, mortgagor covenants a~d agrees to pay to mo~tgagee w~th each momhiy pay~.ient an add~rional sum est~mated by mortgagee to be equal to 1"12 of the annual tost of ihe follow- ~~,q: A-AII rea~ property taxes iev~eG or assessed against the aoove d°scnoco reai esraTe. 6 Pr~~c,,. ns on f~re and windstorm insvracce as herein ~eq~~red to be tarried on the :mprovemeMS s~tvate on the above d_scribed premises. C-Prem~ums on s~ch mortgage 9uaranty insurar.ce as mongagee shaU from r me to tirne deem fit to carry on the loa~ secured t~ereby. Mortgagee sha~J from r~me to time notify mortgagor in v~rit~ng of the amount due and payable hereundrr and wch sum shaR thcreupon be due and ;~vable on the due ciate of the next monrn:~ payment and each svccessive month rhereafter untii mcrtgagee shaH not~fq mo.tgagur of a change in such I a~,ount. Such sums shaif be ap~~!fed by mortgag~e toward the payment of reai praperty taxes, insurance prem.ums, and mortgage guaranty inwrante ~ premiums. i ; IN \~ITNESS `llHEREOF, the said MORTGAGOR has hereu~to set his har:d and seal the day and year first aforesaid. 6 ned, Sealed and delivered,~ the resence of: j ; ~ ~ ~ /~r-~~.c l/. i,y~ ~r~ ~ Seal ~ _Wi ` Patrick H n ha11 ~~aq k _ ~`"7l.aC~ ~ ~ _ 4, ~ ~ : ~ L . L t {Seal) ~ Witness: _ Malv ~ (Seaq a ~ ~ s~ ATE O~aamcx F lor ida ~ ss. ~ couvnr oF _ B=~ard ~ ~ Before me personally appeared PatY1C{C HP.flQ9~1a11 end ~ Mary Heneghan his wife, to me welt known and known to me to be ~ the individuafs described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes ~ Mar Hen an therein expressed. And the said y ~h ~ Patrick Heneghan ~ ~v~fe of the said - upo~ a sepsrate ~nd privste e>amination by me taieen separate and apart from her said husband, acknowledged to and befo~e me that she executed said instrume~t freely.qi~;volun- - ra~Jy and w~thout any compufzion, constraint, apprehens~o~ fear of or from her said husband_ D ~ •'~,t :~~~{4t~;,j ~ WITNESS my hand and offiual seal this day of cember n..D„jp, ,p._ ~ ' ~ ' . ' . a _ Notary Public in and for the St te of F~ori}~a af l~i~~ R - My Commission e:pires: - , - ~ ! ~ . ' ~ , ;'-t Retum To: _ ' _ - First Federal Savings 3 loan Associafion ~~1')'c7ry Pu~~'C StnfP cf F~ ~ri:~ ' s Of Fort P.e~ce. i: y CCmm~ssion e•~,r~c . I,1~(; ~`4~~.i~'• For. Pierce. Flcrida Ger.erol ~115UfCS~K@ 111.C V.'~'.:C~. ••Y- This Instrument Prepared By J. H. Roberts Jr. fN.E9 ~NQ RECORCEO _z ~ First Federal Savin s& Loan Association =T,L11C~E GJUMiY fl~ ~ F~ g wpCzR fO~TR~S of Fort Pierce s F loz ida CCER~ C: :~UIT COURT 'S~ Rf_CGROvfP FIEO_._..-,--- Checked By ~Z,~y Ofc 11 ~w~ eooK 2~9 PAc~1~~~ 244341 ~~s • ~ r. ~s ~ a : ~ r~'"= x» ~ ~ " _ ~ { . ~ s ~ au ~ -.;a~ ..'~""'-xi ~~?m._~ ,n.x r 7"M'"~ Y.. . `="s. _ .