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HomeMy WebLinkAbout4644 3. To place ar.d cont~nuously l~eep on the bu~'d~ngs now o~ herrafter a:tuate on said iand and on a~~ rqu~pmant ar:d personal~y covered by th~s morrg- ege, w:rh all prertiiums rhereon pa:d ;n fuli, lire insurance in ttie usual s~andard poticy form, in a sum aHproved by the A10R~GAGE:, a~~d winds~o~m ~nsuran;e in the ~sual s~dndard po::ty fam, in a sum appro.ed by the M'JRTGAGEE, in such co:npany o~ compan~es as ~~+e MORTGAGEE may d~reU; and all flre and ~v~ndswrm insurance pohcies on any of said build,ngs, any inte~eu ~herc~n or pa~1 Ihereof, in the aggrrgare svm afciesaid w in Qx~ess Ihercof, shall :ont;in ~he unual itardard mor~gagre t:ause or such othe~ tlause as ~~e Mortgagee may req~~re, mak~rg the ~oaa unde~ ~a~d poli- , c~es, each and e~ery, pa;ab!e ~o said A10RTGAGEE as its intzrast may appear, and each and every suth pa~~cy ihai) be p~omplly ass g~~ed a~~d dzi~vrr~d to any held by sa~d ~dORiGAGfE as furiher secu~ity to said mortgage debt, and, not les~ than ten (10! days in ad.ance of ih~ exp~~a!~on o1 each ~wl~cy, to dr Ilver to said MORTGAGEE a renewal the~eof, toge~her with a rece~pt for the premium of such renew~l; and ~here shail be no Lre or wi~~dsro~m insura~ce p!acerl on any of said bui:dings, any inrerost there~n a part ~hereof, unleas in the form and w~~h the Ioss payable as a(wesa~d; and in the e.ent any tum of money becornes payab:e u~drr s~ch policy or pol~cias said MORTGAGEE shell have ihe opt~o~ to ~ece~ve and appiy the same on acco~m of the u~dab~rd- neSS SCWr@d h@r@by Ot t0 PCrmn sa~u ir~~Jwivi.vvno ~u i-C<:... . :ti- ~f f,.• --:~s ...+++n.~t Ifi~. :a ~r . . pu ing any equ~ty, fen or riyht under w by virtue of this1mo~•gage; and in the event sa~d'MORTGAGORS shall for„any reason fail to keep the sa~d pre~n~s_s so ~nsured, or fail 10 drliver prpmpfly any of said pol,tieS oE insutance to said MORTGAGEE, or fai: prompNy to pay ~u~iy any pre~n,~~m ther2}or or in any +rspect tael to perfcsrm, dncharge, ezetvte, effecl. tomplete, tomply wi~h and ab~de by th~s tovenanl, a any parl hzreof, sa~d MvRiGaGEE mey p~ace a:~d pay for such insurence o~ any part thereof wrtlput waiving or affecting any optio~, lien, equ~ty. or rigM un~e~ w by vut~e of ~nl~ ;rioriysyt, and th~ 1~,11 amount of each and e~e~y such paymem shalt be imme~iately due and payable and shall baar interes~ from tha date Ihzreof until pa~d at the rate o~ mne per cemum per annum and together wifh such inre:ea~ shafi be srcured by the lien of this mortgage. 1. To permit, commif or su(ier no waste, impairment w deterioratio~ of said property w any part thereof. 5. To pay all and singular the costs, charges a~d ezpenses, ~oduding a reasonable anorney's fee and cos~s of abstrac~s of titEe, inwrred or pa~d ar any time by sa~d lNOR(GAGEE, because or ~n ~he eve~t oi the failure on the part o{ ~he sa;d MORTGAGOR to duty, pranptty and fully pe~~orm, d~scharge. c~~c~re, effecl, canp:e~e, compty with and ab:de by each a~d every the stipulano~s, agreen,ents, cond~tions, and tovenanrs oi sa~d pron~~ssory note and ~hls ~~ortgage any or e~ther, and sa,d coses, charges and expenses, each and every, ahail be immed~atety due and payabte; whethe~ o+ no? there be nonce dr mand, attempt to to11~t or suit pend•ng; and the full am~uN of each and e~'ery auch paymem shall bear mteres~ from the date thereaf until pa~d at the ~ re o4 nine per crntum per an:w:n; and all said costs, charges and expenses incurred or paid, together w~th svch inre:est, shall be sec~red by the i~en of this mortgdgl. 6. That (a) in the event of ony b~each of this Mortgage or default on the part of the MORTGnGOR, or (b) in the event any of sa:d sumt of money herein re(erred to be not prompdy and fu11y paid within thvty (30) days neat af~e~ the same severally become due and payab!e, vvithout demand or ootice, oi (c) in thr event each and every ihe stipu~arions, agreements, cond~rions a~d coveoants of sa.d prom~sso~y note and th~s mortgage any or e~ther a~e not iuly, prornpily and fully performed, d,scharged, executed, eifected, complered, co~»plied with and ab~drd Sy, lhen in e~ther or any such evem the sa~d ag- ;•egate sum mentioned in said promissory nore then remaining unpa~d, with interett accrued, and a~l moneys set~red hereby, shal! become d~e and pay- ao:e to~thwith, o~ thereafie?, at the opt~on of said MORTGAGEE, as fuily and compie~ely as if all of the said sums of money were onginaily si~p~lated ~o be pa!d on such day, anything in sa:d promissory note or in this Mortgage to the co~trary norwirhstand~ng; and thereupon or thereafter at the ophon oT s~ d MORTGAGEE, wnhout not~ce or demand, suit at law or in equity, the~efore w thereafter begun, may oe presecured aa if all moneys secured hereby r._d matured pnor to ~ts institve+on. 7. Thar in the event tl~at at the beginning of or at any time pending any suit upon this Mortyage, o~ to foreclose it, or to refo~m it, or to enforce p~.ment of any tlafms he~e~nder, said /dORiGAGEE sha!t apply ro the Courr having ~ur~sd:ction thereol fos the appo,ntment of a Rece~ver, such Cou~t shail ic.;thwith appOi~t a receiver of s~id mortgaged property ail and singular, inctvd.ng ail and s~nguiar the income, profns, issues and revenues from whataver s~„•ce der;~~d, each and every of ~ah~ch, it ~ing expressly unde~stood, is hereby mortgaged as ~f apec~ficaity set forrh and descnlxed in the g+anting and ~ 3~~endum c7auses hereof, and wch Receiver shall have a11 the broad and effeaive funct~ons and powers in anyw~sr emrusted by a Court to a Rec.:iver, and s,h appo~ntment ahali be made by such Court as an admet¢~ equity a~d a matter of absolute rigM to sa;d MORTGAGEE, a~d wi~hcut reference to the a i•_qu;cy or ir.adequacy oi the vaf~e of the property mortgaged or to the so:vency or insoivency of ss~d IIIORTGAGOR or the defendanrs, artd ~hat such :rs, prof~ts, ircome, issues and revenues shall be appiied by such Receiver accord~ng to the Gen or equity of said MORTGAGEE and the practice of such l.ourt. 8. To dufy, prompHy and fut~y perform, discharge, execute, effect, complete, comply wi~h and abide by each and eve?y the stipufations, agreements, condit~ons ar.d covenants sa~d promissory note and th~s mortgage set fwth. 9. ihat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~'ORTGAGEF, irs s,;:ce;sors and ass~9ns, may, w~sho~t no~~ce to the MORTGAOR, deaf wah such successor or successor in ~nterest with ~eteience to this ~ c•~gage ard :hc d_oJ he~eby secured in the same manner as with ldortgago~ without in any way vit~ating or d~scharging the Idcrtgagors' Iiability here- ~~der or upon the debt hereby secured. No sa:e of the premises herrby mo~tgayed ar.d no Forbeara~tr on ~he part oi the MpRiGAGEE or its s~ccessors or ass~9ns and no exrens~on of rhe nrne (or rhe payment of the debt hereby secured given by the MORTGAGEE or its successors or au:gns, a~iall operate ro re~ease, d:scharge, mod~ty charge or affect ttie orig~nal liao~l~ty of ~he MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the esse ;ce of th~s contrac~ and that no waiver of any obi~gat~on hereunder o~ ot the obligation se- cu~ed hereby shafi ar any time thereafter be he'.d to be a wa~ver of the rerms hereof or of the instrumen! secured he~by. I1. f~ a:id t:o~ ro rhe fo~ege ng m.cr.th!y Naymenrs of princ aaf and intrrest required by the p~om:sscry no'e secured hercb~, mortga~or covenants d agrees to pay ~o mo~tgagee r.nh ea:h m.onrh'y pay~.:ent art add~~~onal sum est n,ated by mortgagee to be equai to l; 12 oi tt~e annual cost of the foifow- ~~3: ~ A-A!~ real property taxes levied o~ assessed agai•~st thc above described rea! esrate. ' 8 F-~~:~:.~ ns on fire ar,d windsrorrn inswzr.ce as here~n requ:red to be carr~ed en the ~mproveme~t= s~tuate an th~ above d=s:ribcd premises_ C-Pre~-:~~:~ s on s~ch rr.on~age g~aranty ~r.s~rar,ce as mortgagee sha11 frc~r. r me to t~~ne deem fit to carry on the loan secured hereby. Morrgagee sha'1 from nme to t~me norify morrgagor ~n writ~ng of ~he amou~t d~e and payable hereundrr and such surn shafl thereupon be due and .~,ab~e on rhe d,.,e cia!e of rhe nexr monthiy pay~nenr and each successive ~.on~h fhereafter uraii mortgagee shall nor~fy mortgagor of a change in such :,vn!. Such wms SF3.i be ap~.!ied by mor.gagee roward tFe payment of real property taxes, inwrance prem;ums, a,~d mortgage guaranty insurance : ••c~nwms. N Y1ITNESS :':HEREOF, the said MORiGAGOR has here~nto set his hard and seai the day year first aforesaid. ~~i ned aled and deliv d iq the presence of: _ ~ s~a~, - cs~an ~ ~ cSea+~ - iSea!) ~~.:TE OF FLORIDA ~ :.JJNTY Of Str. il1C~@ ~ Befcre me personally appeared Joseph C,. ~iI'OZ and ROS9 G• MT'OZ his wiie, to me well known and known to me to be rhe ind~vidua!s described in and who exec~ted the for oing inslrume~qt, and atknow~edged before me that they exec~ted the same for the purpose~ rh~re~n expressed. And tne said__ ~OS6 Ci• 1r1I'OZ r. fe of the said _ OS@P L'. • OZ .eptxr a,separafe and private e.am~nat~on by rtie ta~en separare and apart from her said huebaRd, acknowledged ta and beforp rrK that she exetused ssid instrumerit freetq and volurr ~a~,;y and w,thout any compulsion, constraint, apprehens~on, or fear of or from her said husband. - WIitiESS my hand and official seal th~s_-. L~ ~ _ day of ~ D6Ce:ll~f'r ` D. 19 ?2 , ¢ . l' ' . ~:~~~fi ` t~.~ ~ c ~ _ ~ ' ~ : - • PJofary Pubfic in and 1pr ?f"ie'~fafe•of,~~ ' a ef 1?fg! Retum io: FILEO AMD RECOROE~ My Comm~ssion expires: s firsl Federal $avin s 6 Loan Associat,on SY. LUC~~ C~V~TY Fl~. ~ R O C E R Q O 1 T R A$ NOTARY PUQ~?C, StATE ai Rf?P.? D q a f l R R I,` E Of Fo~r P~~~z. CIERR CtRCU~j COURT MY CG:::'ISSI~'~ Eic::=ES SEFT. 25, 19~5 Fcr; P,.•:«.. F:o~~d3 RECOP,D vER~F!E~~~~.~.~(~ ~ ~n; c4 By Amer~_3n d~~Kers surance ~o. ~ Oac 19 5 i~ PN'?t This Instrument Prepared By R. K. Kayes First Federal Savings 8 Loan Association of Fort Pierce ~ Florida Checked By _ . eo~K209 PAGf 1637 _ _ ~