Loading...
HomeMy WebLinkAbout1319 3. To place and continuously keep on the buI'dfngs now or hereafter s~ruate on sa+d land and on aU equtpmem and perwnaliy cove~ed by thi~ mong~ sge, w~~h all p~cm~umi thereon pa~d ~n full, 1;?e inwrance in ~he usuel s~andard poGcy form, in a ium approved by the MOR(GAGEE, and w~ndstorm ~nsurance in the us~al standard po::cy 1orm, in a sum approved ~y the N10RTGAGEE, in such company or compan~es as the MORiGAGEE may direcf; and aU fire and w~ndstorm insurance poGc:es on any of iaid bui~d~ngt, any in~ere~t therein or pa~t ~hereol, in the aggroge~e sum aforesa]d or in eacess thereof, shall conrain the u~ual standard mor~gage+ clause w such orhe~ clause ~s tM Mortgagee may requ~~e, maling ~he Ioss undrr s.~~d pol~ Gra. ea~h o„d a.~: i. rsr;,~e~ sa ~a:~ !:'.QR?~!\Gfi a• :~s ;~~a•esr mwy a~~oeas, and each and every tuch policy s~all be prompfly au gned and denverrd ~o any hetd by said A10RTGAGiE as funher securiry to said mortgage deb?, and, not leu tMn ten (:0) days in advance of the expuatwn oi eacn poi~cy, ~o ue- I~ver to sa~d MORiGAGEE a renewal thereof, togeth~r with • rece~pt fw the premium oi such renewat; and there sha!! be no f~re or windsio~m insurance Placed on any o1 said build~ngs, any interest therein a pa~t tl~ereof, unleas in the form ~nd wi~h the ~ou payable as ataesaid; and in the event any sum of money lxtomes payable unde~ tuch policy w polK;es said MORTGAGEE ihall hsve tF?e opf~on to receive and apply the same o~ account oi the indzbted- ness secu~ed hereby w fo permit seid MORTGAGORS ?o aKeive and use it or any pml thereof for othc~ purposes, v.:~lw~t ih:~co~ wa~~~n3 or ~~up.,u- ing any equ~ty, tien a right under or by virtue of this mo-!gsge; ~nd in the event sa~d MORTGAGORS shall for sny r~ason (ail to kecp the sa~d p~e~nis~•s so ~naured, o~ fail to det~ver pranptly any af sa+d polKies of in~uranca to sa~d MORTGAGEE, or fail prompely ~o pay tulty any pre~»~um ~herefor or in any respect fail to perfwm, d~scharge, execute, effect, comptete, comply wirh and abida by thi~ covenant, w any part hzreof, said MORIGAGEE may piace a~~o pay fa such iruura~ce a any part thereof without w~iving w affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the t~tl amovnt of each and eve~y such payment shalt be immcdiately due and payable and shall bear iroereat from the date tAereoi un~it pa~d a~ The ra~c ot nine per centum per annum and togrthrr with suth inte+est ihall Ge secured by fhe lien of ihis mwtgage. To permit, commit or suffe? no waste, impairment or deterioration of sa~d properfy w any paN thereof. 5. To pay all snd singulsr the costs, charges and expenus, including a reasonable attorney i fee and costa ol abstracts of t~tle, irfcursed o? pald at any time by sa~d MORIGAGfE, because a in the evero of the failure oe the pan of the said MORTGAGOR ~o duly, promptly and fully pe~twm, d~scharge. } execu~e, effect, complete, comply wi~h and ab:de by esch ~nd every the stipulahons, ag~eements, conditions, and covenanrs of sa~d promissory note and ~h~i ~~ortgsge any or ei~her, and sa~d coats, charges and expenses, each and every, ihal! be immedlately dve and payabte; whether w not ~hrre be no~ke da «s ~u..~u as. Iiii: ~ . .~.o:.u, dtic -^d f•~~~ a...n..nt nf wuA and everv such pavmenl ~hall bear iMCres1 from Ihe date thereof umil paid at the • r.ite oi nine per tentum per ami~m; and ail said tosts, charges and expenses incurred or paid, together w~th such interest, shaN be aetu~ed by !ne ben oi ih~f mortgage. 6. That {a) in fhe event of a~y breach of this Mortgage w detault o~ the part of the MORTGAGOR, o~ (b) i~ the event any of sa:d sums of money herein referred to be not promptly and fully paid wiihin thirty (3p) days ~ext afte? the same stveralfy become due and payable, wi~hout demartd or rwhce, J~ t.) ~he' event each artd everr thc stipulations, sgreements, conditions and tovenants of sa~d promissory note a~d th~s mortgage any a either are oot luty, promptly and fully pe~iormed, d~scha~grd, exetutecl, effected, completed, complied with and abided by, then in e~ther or any svch event the said ag ~regate sum mentioned in said promisswy note tl~en remaining unpaid, with inre~est accrued, a~d al! moneys secured hereby, shall becorne due and pay- abie forthwith, o~ theresftcr, at the option of said MORTGAGEE, as fully and complete~y as if ail of the said sums of money were or~ginalty stipulated ro be paid on such day, anything in sa:d prom~ssory note or in this Matgage to the contrary notwithstanding; and thereupon or thereafte~ at the op~ion of sa;d MORTGAGEE, without notice a demand, suit at law w in equity, iherefore w thereafter begun, may be prosecuted as if all moneys tecured hereby ~ nad maWred pnor to its institutiw~. } 7. Thaf in rhe event that at the beginning ot or at ~ny time pending any svit upo~ this Mortgage, o~ to fwectou it, or to reform ir, or fo enforce payment of any claims hereunde?, said MORiGAGEE shall apply to the Court having jurisd~ct~on thereol tor the appointment of a Receiver, such Court shall foathwith appoint a ~eceiver of said mortgaged property all and singular, includ~ng all and singula~ the income, prof~ts, issues and revenues from whatever sovrca derived, each and every of wh~ch, it being expreuty undersrood, is hereby morrgaged as if spec~iically set forth and descr~brd in ihe gran~ing and habendum clauses hereof, and such Receiver shall have all the broad and effective funcr~ons and powe~s in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of abso(ute righ~ to said MORTGAGEE, and vrithouf reference to the adrquacy o? inadeqvacy o! the value of tFx property mortgaged or to the solventy or insolvency o1 said MOR7GAGOR o~ the defendants, and that svch • i renrs, profits, incorne, issues and revertues shall be applied by s~th Receive~ according to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, prorreprly and fully perform, discha~ge, execute, effev, complete, comply w~th and abide 6y each and every the stipula~ions, agreements, ~ cor~clit'wns and covenaros in sa~d promissory note and this mortgaqe set fwth. ? 9. That in the eve~t the ownersh~p of the mortgaged premises, a any pari thereof, becomes vested in a person other thsn the MORTGAGC~2, the - MQRTGAGEE, its succeuas and assignz, may, without notice to the A10RIGAOR, dea! with such successw or successor in interest with reference to thia rt~ortgage and the debt hereby secur~d in the ssme manner as with Mortgagor without in any way vit+ating or dischargirg ihe Matgagors' liability here- ~ under or upon the debt hereby secured. No saie of the premises hereby mortgaged and no forbearance on the part of ti+e MORIGAGEE w its sutcessors or assigns and no e>tension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors a auigns, siwll operate to release, d;uharge, rnodify thange w affett the orig;nal tiabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of 1F.e essence of this contract and that ~o waiver of any obtigation hereunder a of the obligatan se- cured hereby sha7f at any time fhereafte? be held to he a waiver of the terms hereof or of the instrumem secured herby. I1. In add.tion to the forego:~g momhly paymems of princ'pal a~d interest req~ired by the prom~ssory note secured hereby, mortgagor covenaMs and agrees to pay to mongagee with each monthly payment an add~rional sum estimated by mortga9ee to be equal to 1 j 12 of the annual cost of tt~e foltow- A-A!I real property taxes tev;ed or assessed againss the above described rea~ estate_ B-Pren,~ums on fire and windstorm ~nsurar.ce as herein requ~red to be carricd on the improvemeits situate on the above dascribed premises. C-Premi~ms on such mortgage guaranty ir.surar,~e as mortgagee shall (rom t;me to time deem fit to wrry on the loan uc~red hereby. Mwrgagee s~ail fra.n ~~me to t~me notify mortgagor ;n writing of the amount d~e artd payable hereunder and such sum shal! thereupon be due and cayable on the due dare of the neat monthly payment and each successive month thereafter ur.fil mortgagee shall notify mortgagor of a change in such a~~unt. Such sums shail be applie~ by mortgagre toward the payment of real property taxes, insurance prem:ums, and morigage g~aranty insurance ; •emiums. IN Y~ITNE55 NMEkEOF, the said MORTGAGOR has hereunto set his hand and seal the day a ar first aJoresaid. Signed, ed a deliv ed in th esence of: < % ~ 1 ~ L~GC.~,~ ` v~~ ~ap - ~Seal) ~ [R.-1~_.. ~Seal) Ruth A. MoYZ~s (Sea1) SiATE OF fLORIDA ~ cour~rY oF S2. Luc ie ~ Before me personally.appeared Robert H• ~ZlIS and _ R11tZ1 A Morr i~ his wife, to me well known and known to me to be the individuats described in and who executed the foregaing instrument, and acknowledged before me thst they executed the same iw the purposes rherein expressed. And the said Ruth A• MOZYIg r++fe of the said Rober t H. Morr is a separate and private examination by me taken separate and apart from her said husband, at4nowledged to and before me that she ezetuted said instrument freely and volun- rar~ly and withoW any computsan, tonstraint, appreken :on, or fear of or from her s:id husband. WITNESS my hand and official sea! this day of `~~~r A. D. 19 73 ~ s~--~ ~.,,,,r . N r PubGc in and for the State of Fbri~s~al t~e.•.,'•. M ommission expiref: ~0' " ~ ' Return To: - - _ ' First Ftderal Savings b loan Associat~on • _~.t~z!,~~1;~! n. Of Fori P,er~e. , ~ ~ r. ~ i- . . . . ~ . . , j Fort Pierce, florida - . • 1 ti-s.: ~ : ~ ~ - ~ ~ - ~ 1/ r ~ 1 • _ This Instrument Prepared By Gary F. Sllwood f~1Ee kt1D ~fCCRDEa ST. LUCIE o"OUNTr fLA_ First Federal Savings & Loan Association RpCc"« PO~TR~S ' of Fort Pierce , Flozida ~LERK C.' ~3IT COURT ~ ~ aEC!^R! vEk -=E~ Checked By - ~ ty 9 37 AM ~ 13 o'o~K210 PA~E13~7 ~4ss~s 5 ~ - ; - - . _ . - - - - ..i _ - ' - _ ~1~ ~ r ~v~r' r~ ~ _ „ + . . . . . . . .i~;j~...