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HomeMy WebLinkAbout0036 3. To place and continuously keep on the buitdings now o~ bereafter ~ituate on said land and on all equipmem and pe.sonally covered by ~hls rr:w~g• ege, w~th ~II prem~ums the~con pa~d in full, fire insurance in the usual s~anda~d polity form, in a sum approved by the MORiGAGEE, and windstorm ~nsurance in the usual ~~andard po~~cy fam, in a sum approv~d by the N10RTGAGEE, i~ such company o~ compa~ies as the MORTvAGEE may dired; a~d all fire and w~nds~orm ins~~ance po~~ues on any of taid build~nyi, any interest therein or pa~t Ihereof, in ~he aggreqa~e ~um afwesaid or in excess ~hereof, shall contain the usual uandard mor!gagee clausa a such o~her clauss as tM Mwtgagcs maY renu~re, msking tha lois u~der sa~d pol~ cies, ea;h and every, payable to said MORTGAGEE as its interest may sppea~, and each snd eve~y such pol~cy ihall be p~omptlY rss.gned a~d del~ve~ed to eny hetd by sald MORiGAGEE as further security to uid mortgaqe debt, and, not leu tha~ ten (10) dayt in advance of the ezpiration ot each polKy, to de- liver to said MORIGAGEE a renewal thereof, toge~he~ with a rae~pt for the premium of such renewal; and there shall be no fire or windstorm insursnce placed on ~ny of said buildings, any interest therein w part thereof, vnless in tht form and w~th ths loss payable as afo.esaid; and in the eveM any sum of mor?ey brca++es payabla undcr such policy w policies said MORTGAGEE shall have the oplion to receive and apply the same on account o~ the indabted- ness secwed hereby o~ ro permit ssid MORTGAGORS to receive and uss it a any part thereof fw o~her purposes, w~~ho~t th~r~o~ wa~~~:~g o~ ~~»p~~r- ~ng any equity, lien w rght unde~ w by virtus of this mortgaye; and in ~he evenl ae~d MORTGAGORS shall fw any reason fail to keep the ssid premisrs so insured, o~ fail to deliver promptly any of said policies oi insurante to said MORTGAGEE, w fail promptly to pay fully any prem~um thereior or in a~y re~pect (ail to perForm, d~scharge, execvte, effect, comple?e, comply wi~h and abide by this mvenant, or any part hereof, said lNORiGAGEE may place a~~d ; pay for such inau~ance or ~ny pa?t fhereof wiihout w~iving o~ affeding any option, lie~, equity, w righf under a by virtue ol th~~ Mor~ga9e, and ~he Y f~ll amovnt of each and ev~ry such payment shalt be immediately due and psyable and shall bear interest from the date thereof until paid at the rate ot ~ n~ne pe~ centum per annum and togethe~ with such interest shall be secured by the lien oi this matgage. ~ s 4. To permit, commit or suffer no waste, impairment a dNerioration of said property or any parl thereof. i i 5. To pay all a~d singutar the :osts, charget and expenus, including a reasonable attorney's fee and costs of abs~raUS of title, incurred or paid at ? any time by said MORTGAGfE, because w in the evenl of ~he (ailure on the paA of the asid MORTGAGOR to duly, promp~ly and fulty perfwm, J~scha~ge, s rxecu~e, effect, complete, comply with and ab;de by eech and every the stipulations, agreements, cond~tioni, and covenants oi said promissory note and ~h~s ~ mortgage any or eithe~, and uid cos4, charges and expenses, each and every, ihall be immediately due and payable; whether or not ihere be notice dr ! mand, attempt to colled or suit pend~ng; and the full amount of each and erery svch payment shall bea? interes~ from ~he date thereof untit paid at the t ~.;~e of nine per centum pet an~ium; ar,d a~l said costs, charges and expenses ]ncurred or pa~d, together w~th such interest, thall bo secured by the lien of thi~ mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein referred to be not prompfty and fully pa'w' within thirty (30) days next after the same uverelly become due and payable, wi~hout demand or notice, or (c) in the event each artd every the sripulations, agreements, conditions and covenants of sa~d promiuory note and th~s mo~tgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, e(fected, completed, compl~ed with and ab~ded 5y, then in either w any such event the sa~d ag gregate sum mentioned in said promiuory note then remaining vnpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the ootion of said MORTGAGEE, as fully and completely as if ail of the sa~d sums of money were onginally stipulated ro be pa~d on such day, anything in sa~d promiuwy note or in this Mortgage ~o the cont+ary notwithstanding; and thereupon w therea~ter at the op~~or+ of sa~d MORT6AGEE, without notice or demand, suit at law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby had matured pnot to its institution. 7. That in the event that at the beginn~ng of or at ~ny time pe~ding any suit upon thia Mortgage, or to foreclou it, or to retwm it, or to enforce payment of any tlaims hcreunder, said MORTGAGEE shsll spply to the Court having jurisdittion thereo( for 1Me appointment of a Rectiver, such Court shall fcrthwith appoint a receive? of said mortgaged property all snd singular, inciudmg all and singular the incane, p~of~ts, iuues and revenues from whalever sou~ce derived, each and every of wh~ch, it be~ng expressly undcrstood, is hereby mortgaged as if speculically xt forth and described in the granring and habendum clauses hereof, and svch Receiver shall have aIl the brwd and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Covrt as an admitted equ~ty and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w~nadpuacy of the value of the property mortgaged or to the wtvency or insolvency of said MORTGAGOR a the defendants, and lhat such re~~s, profin, income, Essues and revenuea shall be applied by such Receiver accord~ng ~o the lien w equity of said MORiGAGEE and ihe practice of such CouA. • 8. To duly, promptly ar+d fully perform, discharge, execute, effect, complete, comply with snd abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage set fath. 9. That in the event rhe ownership of the mortgaqed premises, w any part thereof, becomes vested in a person othe? than tFx MORTGAGOR, the ':.ORTGRGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with reference to this n,or~gage arsd the debf hereby secureai in the same manner as with Mortgago~ without in any way vit~ating w d~sthargi~g the Mortgagors' liability here- ~nder or upon the debt hereby secu~ed. No ssle of the premises hereby mortgaged and no fwbearance on tFx pan of the IdORTGAGEE or its succeuors o~ assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigna, ahal! operate ~ ro refease, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole a in part. ~ 10. It is speuficatly agreed tha~ time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYwn sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof u of 1Fx instrument secured herby. I1. In add~ron to the forego'n~ monthfy payments of princ'pal and ime.est required by the promissory note secured hereby, mortgagor covenants s~~d agrees to pay to mo:tgagee w"rth each mon~hiy payrnent an addi~ional sum estimated by mortgagee to be equat to 1 j 12 of the annual cost of the follow- in^y: A-A!I real property taxes levied or assessed against the above described reat estate. t 'i B-Premiuns on iire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above desaibed premises. ~ ~ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shail fiom t~~e to time deem fit to carry on the loan secured hereby. ~ Mortgagee sheil from time to time notify mortgagor in writing of the amount due and payable hereun~er and such sum shail thereupon be due and ; ;.3yable on the due date of the next monthty paymeM and each successive momh thereafter ur.til mortgagee sha~l notify mortgagor of a change in such a-•:ount. Such sums sha;l be applied by mortgagee toward the payment of real property taxes, ins~rance prem;ums, and mortgage guaranty insurance p~emiums. - ~ IN Y~ITNESS YIHEREOF, the said MORTGAGOR has hereunto set his hand and seat the day and year first aforesaid. 's Signed, Sealed and delivered in the prexnte of: ~ ' ~`G~~?i~z~`~-¢-~ ~ (Seaq ~ ` ; ~ ~`Lawrence Roy ~~aq - , ~ ' a - (Sea1) ~ Verna Roy ~~aq ~ ~ STATE OF FIORIDA ~ ~ ~ St. Lucie ~ ' ~ COUNTY OF - ~ ~ Before me perwnally appeared Lawrence RO)? a~ ~ ~ Verild ROI~ his wife, to me well known and known to rt+e to be ~ the individuals deuribed in and who executed the foregoing instrurixnt, and stkrwwledged before me that they executed the sarne fw the purposes ~ rherein expressed. Md the said Ve rna Rov ~.ife of the said I.aMl@t1Ce F~O}I , upon a separate and private ~ c.ami~ation by me ta4en separate and apart from her said husband, atknowledged ro and before me that ihe executed said instrument freely and volw?- E ~ ~a:ily and w~thout any compulsion, constraint, apprehe ~s'~f u fear of w f her said husband. WITNESS my hand and officlal seal this 7~ • day `ja'n~'ry /4. D: 19 73 _ .~i' Notary Public in and fw the e of F da 1 lasge - My Commission expires: ~ _ : a ~ - Retum To: NO RY PU9:IC,~TA~ ot,~LORIOA at U1Rf3E ~ first Fede~al Savings 3 Loan Association MY COH~a~S$i(~!!~{X~FES D~C. 29;.,~9~5 F Of Fort FRerce. BondM Tnru (~eeYO~a(~piuqnt! Undeft.nt~i• ? Fori Pierce. Florida ' • • O / ~ ' ' f LEO ANO P.~CORDES - ; . - , ~ .1, ~~~C ~v~Mri , ~ y ? This Instrument Pre ared B J. H. Roberts Jt, ~4CEF POtTRAE _ p y , CLfRR Ci~~CU~T COURT ~ First Federal Savings 8~ loan Association RECOR~ vEk~F!EC~ ~ of Fort Pierce , Florida ~ ~..~1 ~ !6 10 zaAN'l3 Chetked By I~-- = G a 245'751 eoc:c210 v~cE ~ j _ , = is ~ - - ~ ~ ~ ~ ~ ~ ~ ~'~-~.."~s , v._ ..c.. . „ „`~_a-a.^n^~`~.