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HomeMy WebLinkAbout0473 To place and continuously keep on the bui!dings now a hereafte~ ~ituate on said land and on alt equipment ~nd personally tovered by this mo~tg- ege, with all ptemi~ms thereon pa~d in full, fira insurance in ~he usual standsrd policy form, in a sum approved by the MOR?GAGEE, and w~nd~torm ~nsurance in the ui~al ~~andard pol~cy lorm, in a sum approved by ~M MORTGAGEE, in fucA con+pany or compan~es as the MORTGAGEE may d~rect; and all fire and w~ndsform insura~ce po~~cies on any oi said build~ngs, sny imeres~ therein or part thrreo(, in the agg~egate sum ~faesald o~ in exceu thereof, shall contain the usual standa~d mortgagee clause w auch other clause as ~he Mortgagee may requ~re, making the 1o~s undrr sa~d polr cies, each and evc~y, pavable to said MORTGAGEE as its interest may appea~, and each and every such poGCy shatl be promptly ass gned and da~~ve~rd io eny held by said MORTGAGEE ss further security to said mortyage debt, and, not leu than ten (10) days in advance of the expirat~on of each pol~cy, to dr liver to said MORTGAGEE a renewal thereof, toyethe~ wi~h a rece~pt fa the pre~nivm of such renewal; and Ihere shall be no f~re o~ wi~~ds~or~n insurance placcd on any of said buildings, any interest the~ein or part thereof, unless in ~he fo~m and w~th the loss payaole aa aforesaid; and i~ the e~enl any sum of money becomes payable u~der wch policy a poGues said MORTGAGEE shall have the op+~on ro re;ceive and apply the aame on accovnt ol the indeoted- ness secured hereby a to permit said MORTGAGORS ro reteive and use it w any par~ ?hereof for orh~~. purF~osrs, v~,+ho~t ~h.r, ur ~v~~+~ c~ ~~~~p~~~- ing any equity, lien a right under w by virtue of thii mo:tgage; and in the event ia~d MORTGAGORS shall (or any ~eason fail to keep the sa~d p~cm~a..-s so insured, or iail lo deliver promptly any of said policies ol insuronca to said MORiGAGEE, or fait promptly to pay tulty any pre~n~um therefw or in a~y respect fail to periam, d~scharge, ezecute, effect, complete, comply with and abide by this covenant, or any part hzreof, sa~d MGRiGAGEE ~~ay ptsce a~~tl pay fo~ such insurance or any part thereof without waiving or affecting any optio~, lien, equ~iy, or ri~ht undei or by vir~ue of this Morrgege, and the f~ll amount of each and every such payment shall be immediately due and payable and shail bear in~erest from the da~e thereoi u~iil po~d at the reie of n~ne per cen?um per annum and to3ethrr with such interest shall tx secured by the tien of this mortgage. 1. To permit, comm~t or suffer ~o was~e, impairment w deterioration of said property w any part thereof. 5. To pay all end singular the costs, chargcs and expenses, including a reasonab~e attorney'~ fee and costs of abstrads of t~tle, incurred or pa~d at any iime by sa~d MORTGAG:E, because « in the event of the fa~lure on the pa~t of the said MORTGAGOR to duly. promptly and fully pe~form, d~scharge. execute, effect, complete, comply with and ab~de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and th~s mortgage any or either, and ss~d costi, sha~gcs and expenses, esch and erery, shall be immed~atety due and payab!e; whether p not there be no~ice d~ mand, a~rempt to cotlect or suit pend~ng; and the full amount of each and e~ery such payment shall bea. interes~ from the date thereof until pa~d at the ~are oi nine per centum per annum; anc3 all said costs, charges and expensrs incurred w paid, ~ogether wah such interesl, shall be secured by the lien oi this morigsge. 6. Tha1 (a) in the event of any breach of this A1lwtgage or default on the part of the MORTGAGOR, or (b) in thr event sny of said sums of money herein referred to be not prompt:y and fully paid within thuty i30) days next after 1he same severalt~ become due and payable, without demand o+ notice. or (c) in tha event each and every the stipulations, sgreements, conditions and covenants of sa~d promissory note and th~s mortgage a~y or either are nol ~uly, promp~ly and fully performed, d;scharged, e~xuted, effected, completed, compl~ed with and ab~ded Sy, then in e~ther w any such event the sa~d ag- gregate sum menrioned in said promissay note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay ablr forthwilh, or thereafter, at the option of said MORTGAGEE, as futly and completely as ii all of the said sums of mo~ey were or~ginally st~p~:ated ro be paid on such day, anything in said promissory note or in this Mor!gage to the con?ra~y notwithstanding; and thereuport w tnereafter at the option of ; sa;d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to its institution. 7. That in the event that at the beginn7ng of or at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce s F aymen? of any claims hereunder, uid MORTGAGEE shall apply to the Court havi~g jwisd~ction thereof for the appo~ntment of a Receiver, such Court shaH iorthwi~h appoint a rece7ver of said morfgaged prope~ty al! and singular, includ~ng all and singular the income, prof~ts, 5ssues and revenues from whatever j so~rce derived, each and every of which, it beirg expressly unders~ood, is hereby mo.rgaged as if spec~ficalty set fwth and described in the gra~ting and hjbendum clauses hereof, and such Receiver shall have all the broad and effective funcnons and powen in anywise entrusted by a Cou~t to a Receiver, and s. ch appointment shall be made by such Court as an admitted equity and a matter oi absolute rght to said MORTGAGEE, and withWt reference to the adequacy w i~adequacy of the value oi the property mortgaged .~r to the wwency or insolvency of sa~d MORTGAGOR or the defendants, and ~hat s:~h r~nrs, profits, income, issues and revenues shatl be appl~ed by such Receiver sccord~~g to the lien or eq~~ty of u~d MORTGAGEE artd fhe practice of such Court. . 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the atiputafions, agreeme~ts, conditions and covenants in sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the h'ORT6AGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with re{erence to this r.:o~~gage and the debt hereby secured in the same man~e~ as with Mo~tgagor without in any way vit~ating or d~scha~ging the Mortgagori Iiability here- ~^der w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successws or assigns and no extension of the time for the payment of the debt hereby secured given by the MORiGAGEE or its successors w auigns, ahall operate to release, d~scharge, modify change or affect the origi~al liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this cc :tract and that no waiver of any obligation hereunder w of the obligation se- ~~~red hereby shall at any lime thereafter be held to be a waiver of the terms hereol or of the instrument secured herby. 11. In add~t~o~ to rhe forego ng monthly payments of princ pal and interest required by the prom~ssory no!e secured hereb/, mertgagor covenants ~~:d agrees to pay to mortgagee v~~th each monthly pay.ne~t an add~~ional sum est~mated by mortgagee to be equal to 1; 12 of the ar.~ual cost of the follow- ,ny: A-All real property taxrs le•ned w assessed against the above described real estate. B-Premivms on fire and windstorm ins~rance as herein ~equ~red to be carried on the ~mproveme~ts situate on thc above describad premises. C-Premiums on such mortgage guaranty ir.surar~ce as morlgagee shall from t~me to tirne deem fit to carry on the loan secured hereby. Mortgagee shall 'rom time to time ~otify mortgagor in w.~t~ng of the amount due and payable hereunder and such sum shail thereupon be due and ; ;,:abte on the due oare of ~he next month:y payment and each successive month thereafte~ urtil mortgagee shall notify mortgagor of a change in such E eunt. Such sums sF.all be applied by mortgsgee toward the payment of real property taxes, insurance prem:~ms, and mortgage guaraNy insurance f :,•e-niums. j IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hard and seal the day and year iirst aforesaid. ! Signed, Seated and delivered in ihe preaence of: ~ ' v Seal) ; r,Q,~-- e A. ROUl ~s~,q a - ~ _ ' r (Seal) ~ f Ruth Roulo ~~a~~ $ ° SiATE Of FLORIDA ~ ~ u. ~ ~OUNTY OF SL . LUC16 ~ ~ Before me personally appeared JOSep}1 /1. ROl1l0 and ~ ~ _ IZllttl ROl~lO h~s wiie, to me well known a~d known to me to be the individuals destribed in and who eaecuted the foregoing instrument, end acknowledged before me that they executed ~t~i~rsarns fw the purposes Ruth Roulo !j'!~,, rh~rein expressed. And the said , r ` h;fe of the said _~g~2~ A ROU10 •••L~tq,sZp~bte and p~ivate ~ ~ - ~ ` e.amination by me ta4en separate and apart from her said husband, acknowtedged to and before me that she execu~•laid insj~umeif~ fi~eiy and voluo- ~ ~ rar,ly and w~thout any compulsion, constraiN, apprehen 'on, or fear of or from her said husband. 1"~~ ~ VYITNE55 my hand and official seal this ~~'4-r~ day of Januar ~ o- ~q 73 ~ . . Notary Public in and f6r7~ $talc oi ~Ida 1. rge My Commission eapiresc. V~•. ~ Return To: . ~ b•••••••••' \ - first Federal Savings a loan Associat~on IjOipRY P~Btl2, S1ATE of FI.ORIDA at tARGE - Atlf COfvINfISS~ON EXPIRES SEPf. 25, 1975 Of Fort P~e:te. - Forf Pierce, Flor~da Bonded By Amencan Bankers Insunnce Co. ~ ~ f ILEO AIUi ~EcqR z; St. ltlClE COUMT~ r=~~ This Instrument Prepared By Ronald L. Stutz R06ER POiTRA~ ~ First Federal Savings 8 Loan Association CIERK C~FCU~T CO[JRT ~ of Fort Pierce , Florida RE:ORO VEk~F1E0 Checked By r~- ~ ~r 19 !1 ~ PN ~ 24~i033 ~ ~ooK r~cc - , :y- ° ~ 2l0 473 ~ : ~ . - _ - _ ~ ~ ~ . 4 ! ~ ~ _,~t,~ c_, ~ ~ ~ _ _ .