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HomeMy WebLinkAbout5298 3. To ptace and coroinuously keep on the bu~:dh.gs now o~ hereairer s~~uate on sa~d land and on al~ equ~;,~nent and personally cove~ed by this mwtg• age, wfth all premi~ms ~hrreon pa d in f~li, fire insurance in the usual standard policy fam, in a s~m approved by ~hr MOR~I,AGEE, and w~:~ds~o~m ~naur~nce in ~he uwal sranderd pot.cy 1orm, in a s~m app~ovrd by ~he h1QRTGAGEE, in wch tomp~ny or compan~es as the MORTGAGfE may d~rect; and all fire and w~ndsiorm ir.w~ance pol~c:es on any oi ia~d bufld.ngs, any imeres~ the~e~n or parr thareof, in the agg~ega~e swn aforesa~d or in ezcesf thereof, shall tonta~n Ihe usval standafd mortgagee ciause or wth o~her da~ss as the Mortgagee may requ•ro, making the ioss unde~ sa~d poli- c~rs, ea:h and every, payab~e to sa~d ~ti10RTGAGEE as ~?s tme~est may appear, and each and every auch po!~cy st,all be promptiy ass g~~ed and decfvered eo any held by said MORiGAGfE as funher security ro said mo:egage deb~, and, not !ess than ten (10) days ~n advance of the espirat~on of each po!~ty, to dr I;ver to said MORIGAGEE a renzwal thereof, toge~he~ wi~h a ~ece~pt for tha prrm~um of su:h renewal; and ~hr~e shall be ~o f~re or w~nduo~m ina~ronce pleced on any of said b~i!dings, any interest therein or parl thereof, un!eas in the form and with the loss payable as aforesaid; and in the event any sum ot money becon~es payabte unde~ such policy w pol~c~es said MORTGAGEE shall have ~he op~~on to receive a~~d apply the sa~ne on account of the i~~drbted- „ess st.ur~ ST:CIIj ve ;O F=::-. 03:.''. ';~~'~"i°~~nC a•••1 tv any part thereof for o:nrr pur;.o5rs. v.;~ho~t ~hr.u: w~~v„~ .:r unp~u- ing any equ~fy, lien or right unde~ o~ by virtve of this marrgage; and in Ihe event sa~d MORTGAGORS shall for any reason fail ro keep ~he sa~d premw:s so Inwred, or (ail to delivei promptly any of said policies of insuran~e to sa~d MOR~GAGEE, or iad promptly to pay fu.ly any prz~„~~m therc{or or in any re~pect fail to perForm, discharge, execute, efFect, compfete, compty with and abide by th~s covenant, or any part hrreof, s.~id MORTGAGEE may p~ace a~~tl p~y fw such inw~ance or any part thereof w;~houf waiving or affecting any option, lien, equ~ty, or ?~~ht u~der a by virtue o~ thia Mortgage, and the f~ll amount of each and every wch payment shall be i~nmediarely due and pay~ble and shatl bear imeresf from the date the~eof unhl pa~d at ehe ?ate ol • n~ne per centum per annum and to~rther with wch inrerrst shat~ ;~e src~red by the Gen o( l~is mongage. 1. Io permit, commit or suffer no waste, impa~rnxnt w detereora!ion of sa~d property ~r any part thereof. S. To pay all and singular the costs, charges and expenses, i~cludang a r~asonable attorney's Fee arxf costs of abstracts ot t+tle, incurred o? paid at any t;ir,e by said MORTGAGEE, becavse or in the event of the fa~lura on the part of ihe said MORTGAGOR to duty, prompNy and fuJly perfo~m, d+scharge. ~xecure, effed, comp:ete, comply w,ih a,~d ab:de by each and every the sf~pu~a~~ons, agreements, cond~fions, and covenanfs of sa~d promisso~y note and ~h~i n,orrgage any or either, and sa:d costs, cAarges and expenses, each enu evrry, ;~~e+t :,c :.~.-ed:s:c!y d::t aM± ;.ay~t•+e; w~+e+?+er nm ~here be notice da mand, attempf to tolfect or suit pending; and the futl amounf of each and eYery such pa~noenl shall bear interesl from ~he date thereof until paid at the ~.,s~• of n~ne pe: cantum ;,er an~~urn; and al~ sa~d costs, cl~arges and expe~ises incu:~ed or paid, togethar w~th such imerest, shall be secured by the lien of thi• mortgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORIGAGOR, o~ ib) in fhe event any of sa;d sums of money herein referred ro be not pranptly and fully paid wi~h~n th~rty 130) days next a=rer ~he same severatly become due and payabSe, withoW demand or notice, - or ~c) io the evero each and eve~y the stipu~ations, ag~eerrKnts, cond~s~ons and co+enants of sa.d promts~ory ~ofr a~d th:s mortgage any or e~ther are no~ ~~ly, promptly and fully performed, d:scha~ged, exec~trd, eff~~ed, completed, compl~ed wnh and abided Sy, then in either or any such e~ent the sa~d ag ~+egate sum memioned in sa~d p~omissory note then remaining unpa~d, w~th in~rrrs~ accrued, and a'~t moneys secured hereby, shall becume due and pay- ab!e fonhwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fuily and comp,ere!y as ii a!! of the sa~d s~ms of money we~e or,ginally snpulated ro be pa~d on such day, anything in sa:d promisswy note or in this Mortgage to the comrary not.vi~hstanding; and thereupon w therzafter at the opt~on o4 sa:d MORTGAGEE, without ~ouce or demand, suit at law w in equ~iy, therefore or thereaSier begun, may be prosecuted ss if al) moneys secu~ed hereby nad matuted pnot to rts insliturioo. 7. That in the event that at the beginn~ng of w at any time pend~ng any su~t ~po~~ this M,ortgage, or to foreclose it, or to reform it, or to tnforce payment of any daims hz~eunder, said MORTGAGEE shall apply to the Court havi,~g junsd:ct~on thereof for the appointmenf of a Receiver, zuch Courf sF.3i1 ior~hwith appoint a receiver oi said matgaged property all and singular, incl~d.ng ali and s~ng~~ar t~,r ~ncome, prof~ts, issues and revenues from whatever s:wce derived, each and every o'. wh;ch, it be~ng express~y onderstood, is hereby mongaged as ~f spec~f~cally set forth and described in ~he g~artring and baoen3um uauses hereuf, and such Rece~.er ;;ai; S;ave a!i br;,,;~ a^~ esfc;!6:e ~v~~t e~s a~d rnwPn in anyw~se entrusfed bv a Court to a Recei~er, ar.d s.ch appointment shall be made b/ wch Co~rt as an admirted equity and a matter of absolute nght to said MORIGAGEE, and withcul reterence to the ad~ quacy or inadequacy of the value of the properry mortgaged ot to th~ so~vency or ~nsolvency of said MORTGAGOR or the deiendants, and thar wch re,rs, profits, in~ome, issues and ~evenues shaFl be apptied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of s~ch Court. ' 8. To du~y, promptly and ful~y perform, discharge, exec~te, effect, complete, comply with and abide by eath and every the stipulat~ons, agrcements, cond~tions and covenanrs ~n sa~d prom~szary note and this martgage set forth. 9. That in the event she ownersh;p of the mortgaged premnes, or any part thereof, Eecomes vested in a person other than the MORTGAGpR, the '.:JRTGAGEE, its successors and ass~gns, may, w~tho~t nonce to the h10RTGAOR, deal w~th wch successor or sv:cesso~ in interest w~~h reference to this ~-rgage and the drbl hereby setured in the same nwwner as with tdorrgago~ without in any way vit;ating o~ d~scharging the Mongagors' liability here~ :^der or upon the debi hereby sewr~d. No saie of the pre~r.;ses hereby mortgaged aad no forbearance on the part oi the MORTGAGEE or its svccessora ,."'^y^3 ~n~ n~ ==+Pn~;n~ ~f tho Rt.T.P 4~r ~hP payme~:t of thr da6t herebv sec~red given by the MORiGAGEE or its successors or ass:gns, a5a1) operate ro re+ease, d~scharge, mod;(y change or aifecr the orig~na~ liab;{~ty of the h'IORTGAGOR herein, either in whole or in part. 10. It is spec:ficaliy agreed that t~me is of the essence of this contract and that no waiver of any obliga~~on hereunder or of the obligation sr cured hereby ahalt at any time thereafter be held to be a wa~ver of the terms hereof or of the instrument secured herby. 11. In a~d,tio~ to the forego:ng month!y paym_nts of princ pal and interest requ:red by the ~rom;swry no!e sec~red Fier~by, mortgagor covenants ~ agrees to ~ay to mo:tgagee v+irh each rnonih',y pay~:•ent an add.~ional sum esr n~ared by mortgagee to be eq~al to i. 12 of the annual cost of the fo~low- A-All real property taxes lev~ed or assess~u ega~~ist the above describcd r_a! estate. B- Pren:fu:ns en fi.? and windsror•» ~nsi~rar.ce as herein reGu red to Fie carried en the imp~oveme~ts sitvafe on 4he above described premises. C-Pr~rn~w»S on sucb mors~:,ge g:iaronty ~nsuea~.ce as mortgagee shaL' Ero.T r~m.e fo t~m~ deem fit fo carry on the loan sec~red hereby_ Mortgagee sha:l fram r~:.~e to n:,,e ncrcfy mo:rgagcr m wr~t~ng of the a^~o~m due and payable hereundar and such surn shal~ therzupon be due and .;able on tn~ due date of the r.~xt n-:~,th:y pay;r:nt and each wccess~ve momh f~ereaft~r ur,tii mortgagee shaN not~fy mongagor of a chan~e in such ~ ount. Su.h sums s1•a'.i be ap; :~~d 'oy mortgagee to:vard the payment of real property taxes, insurance prem:ums, and morigage guar nty insurance . erni~ms. IN Y~ITNESS VlHERFOF, tne said I.10R~GAGOR has he~eu~ta set his A3r.d and seat rhe day a ea~ ~fpl~?et~ ~ S~gned, Sealed and deliver in the presence of: ' - Seal) Walke][ tsea4 ~ ~i ~ ' (Sea1) Grace Wa2ker ~~,i~ S?:.7E OF FLORIDA St . L.uc ie ~ u~ ~.%UNTY Of ~ Before me perwnatty appeared _ JlillaD W~iCp~ a~ ~aG@ Walker his wiie, to me well known and known to me to be rh_ ind~viduats described in and who executed the foreqoing instrument, and acknowledgrd before me that they executed the same for the purposes 'F•E~ein expressed. And ihe :~~a_ GYaee Wa2ker ~re of the Sa~a JuI ian walker ~ a sepa.ate a~d private c~•em~narian by me taRen serarate and apart from her said h~sband, acknowledged to and before me that she ezecuted said instrument freely and volun- ~•~;y and w~thout any com~u,s~on, constraint, app.ehens:on~r fear of or from her said k~sband. WITNE55 my hand and off~c~al seal th~s_ _S~' day of J~lu~I A. 0. 19_?~ - l 4-w~ Notary P c in and for the ate of Fbrida et la~e My Com ssion expires: ` l97 J Return To~ ~ first Federal Savings 3 loan Asso:~at:on Of Eort F ~ :c_~. Fort P,.:rce. FionJ+ `:•"~t~i,~ . . • ~~LEP ANG RECORp~ ~ , 1" . ST.LIiC1E COUNTY fl~ . . RQCER ~JITitA4 • ;.:t • CIERK CtitCUtT COUR? ~I' ,.;c- ~ECO40 v£R+~'R~p This InstrumeM Prepared By g~ gZB~-• , ~ First Federal Savi~gs 8 Loan Association ~ ~ 9 9;Q ~N of Fort Pierce , Florida . ~ ~ * ~ - Checked By ~~'~~••~•;f ~ %-~1` r; f~-~ ~ ~ ~ t1 ~5~8~ E^~~ 20~y N~.6f 2~~ • , ~ I.S _ , ~ : _ r~' ~ .