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HomeMy WebLinkAbout4113 3. io place and con~~nuovsly kcep on the bu~'d~ngs now or hereai~er ~~~uate on sa~d land and on all equipment and personslly covered by this mor~g- sge, with all prem;ums Ihercon pa~d in full, fire inswance in ~he usuil s~anderd pofity torm, in e sum approved by the MOR~GAGEE, and windstorm :n~u~ance in ~he usual ~eandard po~•cy form, in ~ sum app~oved by ~he MORTGAGEE, in ~uch cornpany or compan~es a~ the MORIGAGEE may d~rcct; and all lire ar.d w~ndsrorm insurer+ce po~~c;es on ~ny of sald build~~gs, eny interest there~n or pa~~ tfiereof, in the-aggrega~e sum ~lorosa~d o~ in ~xcess therep}, shall contain the usual standa~d mortgagee clause a such other clau~e +i the Mo~tgagee may requ~ro, maAinq the io» under sa~d poli- c~e~, each •nd every, payab:e to said A10RTGAGEE as ~ts in~e~e~t may appea~, and each and every iuch po~~c/ shatl br promptly ass.gned a~~d detiverrd ~o a-y held by wid MORfGAGEE as fur~he? secu~ity~o said mortgage dzbt, and, not less ~han ten (10) days in ad.ance of the expiration oi each pol~cy, ~o da liver fo faid MORTGAGEE a renewal thereof, toge~her with a receipl fo~ the premium of suth renewal; and theie ihall be no 1~re or windstorm insurance placed on any of said build~ngs, any intereit tAerein a part the~eof, u~less in the (o~m and with the losi payable as aforesaid; and in the event any sum of money becomes payabte under such policy w po~~cias wid MORTGAGEE shall have the opf~on ~o receive and apHly the sarne or+ acco~nt o} the indeb~rd ness secured hereby or to permil said MORTGAGORS to receive and uu it or any paif thrreoi tor osher µuiFosrS. vn~liout ~h=~~ u~ +va~+~ ~3 cr ~~~:p„~*- ing a~y equ~ty, lien or righr under w by virtue ot this mo:tgage; and in the evenl ~aid MORTGAGORS ahall fo~ any reaso~ fail to keep the sa~d premis:s so ~nsured, or fail lo deliver p~omptly any of said pol~cies ol insurance to se~d MORTGAGEE, or fail prompily to pay fulty any pre~»~~m therefor w in a~y re~pect fail to pe~lwm, d~scha~ge, exec~te, effect, c~rnplete, comply wirh and abide by this covenaro, w any p,,rt hereof, sa~d MORTGAGEE may place a~.d pay fw such i~surancs or eny part fhereof witnout waiving or affecting any option, lien, equity, or right under w by vi~tue of this Mwtgage, and tht full amount of each and every such paymenl shall be immediately due and payable and ahall bear interest from the date thereof until pa~d at the rate of n~ne per centum pet annum and to~ethe~ w~~h wch interest shali tx secured by Ihe lien of this mwtflaye. r, --r 4. To permit, mmmit or su(fer no waste, impairment w deteriotation oi said property w any part thereof, s 5. To pay all and s~ngular the costs, charges and expenses, includ~ng a reawnable atrorney i fee and costs of abs~.acts of title, incvrred or pa~d ai ; any time by said MORiGAGfE, because a in the ev^ot of the failure on ihe pan of the said MORTGAGOR ro duly, promptly and fully perfwm, d~scharge. ~ ~xecute, efFeu, complete, comply w~th and ab:dc by each and every fhe stipulations, agreemenis, conditions, and covenants of said p~orni:so~y note and this mo~~gage any or e~~he?, and sa;d costs, charges and expenses, each and every, shall be immediatefy due and payable; whe~her a not there be nor~ce dz mand, attempt to collect w s~it pend~n9; and the futl amounf of each and e~ery such pay~neni shall bear ~nterest from ~he date thereof u~til pa~d ai the r,re o; nine per cenwm per annurn; on~ all said costs, charges and eapenses incurred er pa~d, together w~th such interest, shall be secured by the lien of th~s mortgags. 6. That (a) in the event of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in the eve~t any of sa:d sums of money • herein referred to be not promptly and futly paid within thirly (30) days nex~ after the same severa;ly become due and payable, witMut demand or norice, r ur (c) in the eveN each and every ~he stipulat~ons, agreements, cond~tions and covenants of sa.d promiswry note and th~s morlgage any w either a~e nof iuly, promptly and fully performed, d~s:harged, exetvted, eifected, cor.~pleted, complied with and abided 5y, then in either w any such event the sa~d ag ' ~regate sum mentioned in said promisswy note then remaining unpaid, witS- interest accrued, and a11 moneys secured hereby, shaff become due and pay- t ab;e forthwith, a thereafte~, at the opt~o~ of said MORTGAGEE, aa fully and completely as ii all o( the sald sums of money were o~iginatly supu~ated io be pa~d on such day, anything in sa:d prom~sswy note w in this Mortgage to the contrary notwiths~anding; and thereupon or thereafter at the•opt~on of sa~d MORTGAGEE, wirhout notice o? demand, suit at law w in equity, therefore or thereafrer begun, may be prosecuted as if all moneys utured hereby nad matured pnw to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, ~r to fwedose it, or to refo~m i1, or to enforce payment of any claims he~eunder, said MORTGAGEE ahall apply to the Cour~ having jur~sd~ction thereoE for the appointment of a Receiver, such Court shall Fcrthwith appoint a receiver oi said mo~tgaged property alt and singular, i~clud~ng ail and singular the irtcome, proi~ts, issues and revenues from whatever se~rce derived, each and every of which, it beiry expressly understood, is hereby mortgaged as if spec~fically set Eo~th and desuibed in the granting and h3~.endum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Co~~t to a Receiver, and s. ch appointment sha{I be made by such Court as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and withoul reference to the edeqvacy w inadequacy of the vatue of the p~operty mortgaged or to the so~vency or insolvency o( sa~d MORiGAGOR or the defandants, and that such renrs, prof~ts, income, issues and revenues shall be applied by such Rxe~ver accord~ng to the lien or equ~ty of said MORTGAGEE and the practice of such Court. 8. To dufy, promptty and fully perfo+m, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cenditions and covenants in sa~d ptomisswy note and this morlgage set forth. 9. That in the event the owne?sh~p of the mortgaged premises, or any part thereof, becomes vested in a perwn other tban the MORTGAGOR, the .'.ORTGAGEE, its successors and assigns, may, wi+hout norice to the V10RTGAOR, deal with such successor or successor in interest w~th reference to this n~.orrgage and the d~ct hereby secured in the samt manner as with htortgagor without in any way vitiating p d~scharging the Mortgagors' liabitity herr ~nder or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance o~ the part of the MORTGAGEE a its successors or assigns and no extension of the time for the payment of the debi hereby secwed given by the MORTGAGEE or its sutcessors or ass~gns, a~~aH operate ro release, d~scharge, modify change or aifect the orig~nal IiabiGty of the MORTGAGOR herein, either in whoie o? in part. 10. I~ is specificatly agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or oi the obligat'an se- cvred hereby shali at any time thereafttr be held to be a waiver of the terms hereof w of the instrumeM secu~ed herby. 11. In add:tio~ to the ~orego'ng monthty payments of princ"pal and interest required by the promissory nore secured hereb/, mortgagor covenants a a~ d agrees to pay to mo:tgagee ~nirh each monfh y payr.:enr an add~rional sum es+~mared by mortgagee to be equal to 1; 12 of the annual cost of the follow- A-A!I rea! property taxas lev~e~' or assesced aga~~~st the a6ove desc.ibed real estate. I B-Prem~u•ns on i~re and w~ndsform msurarce as here~n requ;red to be carrled en rhe improvements rtuate on the above described premises_ ~ ~ C-Prem~ums on >uch morte}~ge gvaianty ir.sura+.ce as mo~tgagee shatl from tme to time deem fit to tarry on the ~oan secvred hereby. { Mortgagee sha!( from t~me to time not~fy mortyagor in writ~~g of the amou~t due and payable hereunder and such sum shail thereupon be due and ~ F.+,able on fhe due da~e of the next monrhly payment and each success~vr month th~:~eaficr uctil mortga~ee shall not~fy mortgagor oi a change in such a• ovnt. Such sums shail 6e applied by morsgag?e toward the payment of real preperty taaes, ~nsurance p~em,ums, and mortgage gvaranty insurance c~'emiums. s IN WITNESS WHEREOF, ~he sa~d MORTGAGOR has here~nto set his hand and seal the day and year ' st aforesaid. ~ Signed, Seated and d>tiverc,-! in the presence ofc - ti s € ~ t> (Sea4 ~ t • ~ - La~ _ P Lind u' _ cse~') ~ ~ . (Sea1) Viola F. Lind uis ~~aq ~ STATE OF fLORIDA ~ SS. ~ couvrY oF St. Lucie ~ Before me perwnally appeared ~YS P. L.1TldQLtlSt and ~/~Old F~ Lindc~uis t his wife, to me well known a~d known to me to be ~he ind~viduals des;r~bed in and who executed the fwegoi instrument, and acknowled9ed before me that they executed the same fw the purposes ~ rherein expressed. And the said ~1012~ F• Lindquist ~ ~ Lar s P. Lind~ui st „ a, a up?rad. #~d pc;Ya~• .v~ e of the said P ~ e•a~~nation by me taken separate and apart from her said husband, acknowledged to and beiore me that she executed said instrulneM'}i~~IS/~~p~_tiok?n- t;•~ly and w~thout any compuEsion, constraint, apprehens~on, or fear of or from her said husband. ~ ' W!TNESS my hand and offiual seal this 1 y~ day of December ~(a7~~79_~ ~,i ~ J eL ~ `l:= i~~ - t,~i~~ •l.i_ i-a ^v-- ~ r.«' E ~ _ • Not ry Public in and for the Slatt o,f.fJor ~Lat ~arge - - My Comm~ssion expires: j 'ry ~ ~ , Return io: +j~, p , r • - • , , . , . ~ - `~~j'~..,?••!~1~ ~ ~ - Fint Federal Saviru~s 6 loan AssociaYon J , I~ ) i ~ ' . Of fort Porce. . ~~.....:i :__~~~J/:~~Ls~~ <<`~`` , Fort Pierce, Ftorida ~ ~ ~ o ~R. i'3 !LEb A~1r~ kEG4R0E0 ~ ; ~7, LUCIE G4UMTY F~A, This Instrument Prepared By .1. H. P.oberts, Jr. ~p~~~ Fp~TA~S First Federal Savings 8 Loan Association ~~f~~ ;,;;;~UIt COURT a': of Fort Pierce , F lor ida RitORO VER'~tf D....~...... Checked By ~ , ~ Q3 ~ ~ 1 Z r ~ Bod~ 20~ 110fi ~~,t 244342 ~ ~ ~ ~ r - ~ r~ ~y r ~ ~ ~.'~v-~_° : ~ . . +k` Y~ -~''~SS~ w ~ ...~~.~"~"~ic~~ ~`~~.T3.'~.'": _ ' "