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HomeMy WebLinkAbout5296 3. To place and coM~nuously keep on the bui'd~ngs now or heraaiter sit~ate on sa~d land and on all equipmrnt and pe~sonaily covered by thi~ morrg- oge, wi~h all premiums thereon pa~d full, fire insurance in ihe usuat sra~dard pot~cy fo~m, in a sum appro~ed by rhe MOR~u~GiE, and w~~dsto~m fnsu?ance in tbe usual srandard pof:cy fo~m, in s wm approved by the MORiGAGEE, in such company or compan~es as ~he ti'.ORTGAGEE may di~ect; and a!1 iire and wlndsto~m insurance pofiues on any of sa~d bulidmgs, ony interest there'~n or part thrr~f, in the aggregar~ wm aforesaid or e:cess Ihereof, shall conra~n the usual standa~d mw~gagee clause or such other clause as the Mortgagee may requ~ro, making the iosa unc3r~ sa~d polt ues, each and every, payab~e to sa~d h1pRTGAGEE as its in~errs~ may appear, and each and every wch po!~cy ahall be promp~iy ass gntd a~~d de~~Yar~d ~o any held by said MORIGAGEE a~ funher security to sa[d mortgage debt, and, not tess rhan ten (!0) days ~n adva,ue of the exp~~at~on of each po;~cy, to de- liver ro said MORTGAGEE a reoewal t!~~ieof, togahsr with a rece~pt for the premivm of such renewa;; and ehrre shail be ~w f,re or wl~~~sto~m inwrance platet! on ~ny of said buitd~ngs, any in~erest there~n or pa~t thereof, untess in ihe form and wi~h the ioss payabie as afo~esa~d; and in the evenl any sum of money becomr~ payable urtdrr suth polety a pol;cias said MORTGAGEE ahall have the opr:oo to rece~ve and app!y the sarzie on acco~nt of the indrbted- i nCll 3KufE`d ?1!(dDy 01 i0 ~1C(Tili S3ip nVR1:)i~L7viJ i~ iricie2 di.f~i vic i'v: ~:y i..:': !~`~•C_i _ - ~a..: .~..tt::iut lh ~t. or ~VJU~ Jf rnaa~~- inq any tqu~ty, lier? or right under or by virtue ol this mo:•gage; and in th0 ev~nt sad MOR7GAGORS sha!1 for•any reason fail to keep the sa~d premisrs so ~~sured, or fail to deli~er promptly any oi sald pol~c:ea o} insurance to sa~d MORTGAC~EE, or ia~: p:ompily to pay IuJy any pr~~„f„m theretor or in a~y respect fail to perform, discharge, exewte, effect, con:plete, wmply with and ab~de by this cove~ant, or any par~ hareof, sa~d ldORiGAGEE may place a~d pay lo? s4ch inw~ance or any past thereof w~~hout waiving or affecting any option, lien, equrty, or r~ght under w by vi~tue of this hlor~gage, and the full amount of each and eve~y such payment shall be immediately due and payable and shall bear interest from tha date thereoi until p~id at the rate oi nine pet tenfum per annum und to~ethar with such inrerest shali be sccured by the lien of this mo~tgage. 1. To permit, comrt~it or suffcv no waste, impai~ment w deter~oration of sa~d property w any part thereof. 5. To pay ali and s~ngutar the costs, charges and expenses, i~cluding a reasonable attorney's fee and costs of abstracrs of tiNe, incurred or pa;d ai any time by said MORTGAG'.E, because w in the event of the failure on the pan of the said MORTGA(',pQ ro duly, pro:~~pN~ and futly periorm, d~scharge. ~xecute, effett, complete, tompfy w~th aRd ab:de by each and every the stipulat:ons, agreements, conditio~s, and tovena~its of sa~d pronussory note and this .~nortgage any or eithe~, and sa~d costs, charges and eapenses, each and every, shail be immeoiateiy due ano Neyai„r; w~w•thec c- :.`„rc ba e+3~ mand, attempt to collect ot s~it pend~ng; and tFie full amount of each and every sucA payment shaN bear interesf from ~he da?e the~eot until paid. at Ihe r:~te of nine per centum per ann~:n; aud all said wsts, cha~ges ~nd expenses irKUrred or pa~d, together w~fh such interes?, shali be secured by the lirn oi th~s mortgage. 6. Thal (a) in the event o`. any breach of this Mortgage w deiault on the part of the MORiGAGOR, or (b) in the eve~t any of sa+d sums of money herein relerred to be not promptly and lulty pa~d within thuty (30) days neat airer ~he same severalty become due and payable, without demand o~ no~ice, or ~c) in the event each and eve~y ~he stipulations, agreements, tond~t~o~is and to~enants of sa.d promissory note and th~s mortgagz any or eiiher are nol juty, promptly and futly performed, d.scharged, execured, etfected, completed, compl~ed w;rh nnd ab~ded 5y, then in e~ther or any such event the sa~d ag gr~~gate sum mentioned in said p~omissory ncte thzn remaining unpaid, with intereat accrued, and atii moneys secured here6y, shall become due and pay abie forihwith, or thereafter, at the option of sa~d MORTGAGEE, as futly and complrte:y as if all of rhz said wms of money were o~~gi,~a;ly st:p~:ated to be pa~d o~ such day, anything in sa.d promissory note or in this Mortgage to the co~!~ary ~otwithstand~~~g; and there~pon or thereafter at the ope~on of sa~d MORTGAGEE, wirhout not~ce or demand, suit at la•„v or in equ~ty, therefore or thereaiter be9~n, may be prosecuted as if a!i moneys secured hereby ned maNred pnor to rts institution. 7. )hat in the event that at the beginntng of or at any time per.ding any suit upon this Martgage, or to foreclose it, or to refwm it, or to enforce payment of any claims Fxreunder, said BM1ORTGAGEE ihatt appty to the Court havmg iu<<sd;c~~on f?,creof For the appo:ntmem of a Receiver, such Court shall forrhwith appoint a receiver of said mortgaged property all and singuiar, includ~ng ai! and s+~~yvlar ~i~e income, prof~ts, issues and revenues from whete~er scurce derived, each and every o.' wh:ch, it be~ng eapressly understood, is he+eby morsgaged as ii spec~ficaliy set forth and described in the granting and h3oendum ciauses her¢oi, and such i2eceiver shaii have a~i tne oroad and et(ecr,~e t~nca:o•ii a^d po~.<ers +n any~v~se enrzus!ed by a Ceu~t to a Rrceiver, and r. ch appointme~~t sha11 be made by such Court as an admitted equity and a maner of absoiure rigM to said A'10RTGAGEE, and wirhout reference to the adequaty or inadcqvaty Of the vatue of the prope+ty mortgaged or to the savency or ~nsotvency of sa~d h;ORiGAGUR or the defendants, a~d ~ha: such ren~s, profits, income, issues and rtvenues shall be appiied by such Receive+ accord~ng to fhe lien or equity of said MJRTGAGEE and the practice of such Court. 8. To duly, promptly a~d fully perform, d~scharge, execute, eifect, complese, comply with and abide by each and every the stipulat;ons, agreeme~ts, :onditions and covenaros in sa~d promissory note and thts mortgage ser forrh. 9. That in the event the ov~nQrsh;p of the rnortgaged prem~ses, or any part thereof, bccomes vested in a person other than the MORTGAGOR, the :'.OR7GAGEE, its successors and ass~gns, may, wi~hout no~~ce to the MORTGAOR, deaf wifl: such svccessor w wccessw m interest wi~h reference to this n•orrgage and the debt hereby secur~ in the same manne~ as w~th 11!ortgago~ u4~thout in any way vinating or dscharging the Morrgagers' .liab+liry her~ ~r.der a upon the debt hereby secur~d. No sa:e of the premises hereby mo~tgaged and no fo:bearance on the pan oi the /JtORTGAGEE or its svccassors C~~...~.., ~ °';:y`•; : tc• ~ +he a>~+* tia,=~; •ac:,•~~! ~;~Pn hY :F.~ MOR7GAGEE or its successors or ass;qns, a~~afl operate ro re~ease, d~xharge, modify change or affec~ rhe orig~na! liau;;~ty of the MORiGAGOR herein, either in whole or in pa~t. )0. 11 is speuf;cally agreed that time is of the eatence of th~s contract and tha~ no waiver of any obl~gation hereunder or of the obligation se- cured hereby shall at any tinze therea4ter be he:d to be a v:aiver of the terms hereof or of the insuument secu~ed herby. 11. In add.tion to tne forego ~.g n,o~'h~y paymenes of princ aal and interest required by ihe pron::ssory no'e securzd hereb~, mortga~or eovenants ~~~d agrees to pay to m.ortgagee ~n~th eath mon~h'y pay~.~ent an add~rional sum _~st :rated by mortgagee to be eq~a{ to 1 i2 of tne annual cost oS the fo(low- ~n~; A-All real prope~ty taxes iev~_d or assessed agai•~st the abo,re desv~bed reat estate. B-pram,~u:ns on fire and w~r.dsto•m insura~.ce as fierc~n req~:ted to be carri-d en the im~~oveme~ts s[tuate on th~ above d~scribed Fremises. C-Premiums on such mongage gvarenrT :r.swa•.ce as mortgager-stw;! ircm i,.~ iu tune deem fi1-to cury_ on the loan secvred hereby. Mo:tgagee shail 4rom tf:ne to t~eme norify mortgagcr in wnt~ng oi the a~rou~t due and payabte hereunder and such su-n sh~ll ihereupon be due and ;~yable on thc due aate of the next moNhiy payment and each successive month thereaft_r ur.ti~ mortgagee shall notify mo~tgagor of a change in such a ount. Such sims shail he app-ied by mortq~gee tov.a:d the payment of rea! pr~perty faxes. insura:xz prem:ums, and mortgage guaranty insurance c~~emiums. IN WITNES$ Y~HEREOF, tne said Mi;~2TGAGOR has hereunto set his har.d and seal ihe day and year first aforesaid. Signed, Sealed and del' ered in the pres ce o!: C - ~Glenn B. Thoaas ~~a~~ ~ - cs~a~~ _ ~'~.~~cs^ • T ~4~ (Seaq Marily~A. Thonas S~atE OF FLORIDA ~ ~~u^,rr oF St , Luc ie u~ ~ Before me personalty appeared Glenn T~107YdS a~ - ___1?~gti A, ?h~.a` his wife, to me we11 known and known to me to be f ~h~ individuais described in and who executed the foregoing instrument, and acknow:edged before me that they executed the same for the purposes rhe~ein expressed. And the sa~d_ Illyll A. T~lO0a5 r:~fe of the sa~a _ Glenn Q. T~tQ~,S _ upon a separate and private ezaminat~on by me taken separate and apart From her said husband, ackrwwledged ro and befo~e me that she execured said instrumen! freely and volun- rar~ly and without any computsion, constraint, apprehen ;on, or fear of w from her said husband. , WITNE55 my hand and offlual seal th;s_ day Januar .l? -A~`'p 19 73 ~ ~ Notary Public in and for t ${~t! of ~ at~rqa.~'I~- My Gomm~ssion expires: • . .i _ Return To: ~ ' ~ ~ ~ U _ First Federal SaYir~gs b Loan Assouat:on NOtARr ~'f1~, ~qj~ ~0~~'~ ~~e of Fort Pr;c_. MY"-~V{~$~N fy~~^.D~'C.29. 1975 Fort F~~~rce. Fic~<da 8cr~n:.Tl~ 1yen:ra~ 'h.• L'~erwnter~, / F~o ~xo AECOROf n; jn; ~ 5 iL Lt1CtE COUMTr F~~. y y~ ROCER P41tR~iS ~ This Instrument Prepared By Gary F, Bllwood ~ERK CIilCWT COURT ~ y RECORD VERiFfEO~.....~ First Federa~ Savings 8 Loan Association of Fort Pierce , Flor ida ~ 9 p SD 1~'1 ~?3 ~ ~7 Checked ey 245179 , ~oflK~d9 ~2~88 . ~ _ ~ -