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HomeMy WebLinkAbout1335 3. lo place and continuously keep on the buildings now o~ hereafte~ situste cn said land and on alt equ~pment snd person~lly covr~ed by ~hi? morrg- sgs, with aU p~emiums thereon pa~d in full, fre insurance in the ususl s~andard policy fo~m, in ~ sum approved by the MORfGAGEf, and w~ndsto~m ~~su~~nce in the usuai standar~ pol;cy Form, in a sum approvsd by the MORTGAGEE, in tvch compiny a compan~es as the h10RTGAGEE may dirett; ~nd all fire and windstorm insu~ante policies on any of ss~d buiid~npf, any intcrest therein or parf 1her~of, in the agg~eg~te sum afaesa~d o~ in sacess thereof, ~Aall contain the usual standard mongayee dause w auch othcr cfause as ths Moregagee may ~equ~?s, makinQ fhe loss vndrr sa~d po1F des, each and every, payable to said MORTGAGEE a~ its interest may appear, and each a~d every such pol~cy shall be promptly ass.gned a~~d drGvered ~o any he~d by said MORTGAGEE as iur~her security fo s~id mor~gaga debt, and, not les~ than ten (10) dsyi in advance of the exoi~i~ion of each pol~cy, to dr Gve? ro said MORIGAGEE a re~ewal thereoi, toge~Aa with a rece~pt for the premium of such renewal; a~d ~he~e shall br no i~re or wlndi~o~m inwrance pl~ced on ~~y of uid bvildings, ~ny inte~est therein w part thereof, ~nless in ~he torm and with the Ioss payable a: aforesaid; and in the event any sum of money becomes payable ur+ckr wch policy w polcciea said MORTGAGEE shaU have ehe option lo recewe and apply the saroe on accoun~ of ~he indebtad- ness secured hrreby o~ to permit ~a~d ~t,~RTL'aAGORS to reteive and us~ it w any parl thereol for otner p~rpoars, v.:~hout !h_r.u~ waiv~~g or ~•~~~,u- ing any equ~ty, lien w right undrr w by virtue of thii mo:tyage; and in the even~ sa~d MORiGAGORS shall for any ~eason fai! to keep ~he saed firen,~s:s so insured, or fail to deliver p?omplly any of said policies oi insurance to ssid MORTGAGEE, or fail promptly to pay f~tly any pre~~uum therefor or in a~y respect fail ~o pcrfam, d~scAarge, e:ecute, effect, complete, comply wi~h and abide by this covenam, a any pa~t lureof, sa~d MGRTGAGEE may piace a~~d pay fo? such insurance or •ny part lhereof without waiv~ng or affecting any option, lian, equity, or right under w by virtus of this Mo~tgage, and ~he full amount of each and every such paymant shall be immediately dve a~d payable •nd shall bear interesl from the date thereof witil paid ai the re~e oi nine per centum per annum and together with tuch interes~ shall be setured by the lien of this mortgage. 4. To permit, commit w suffer no waste, impairment w deterioration of said property w any par} fhereof. ~ ~ S. To pay ati and singutar the costs, charges and expenua, includiny a reasonab)e attorney's fee and costs of ab~~racts of title, huuried br pa~d a~ any tiine by said MORTGAG£E, because or in the event of the failure on the pait of the said MORTGAGOR to duly, promptly a~ fully perform, d~s:herge. execute, af{ect, comptcte, comply with and abide by each and every the stipvlations, agreements, conditions, and covenartts of said promissory note and ihis mwrgsys any or either, and sa~d costs, chuges and eapenxs, e~ch ~nd every, sh~ll be immediatety due and psyable; whether or not ~here be not~ce da mand, attemp~ to colka or suit pendi~g; and the full amount of each and every svch paymen~ thall bear infere~t f~om tAe date thereot unrei pa~d at the ~.ve of nine per cenrum per annum; and all said costs, charges and eraenses inturred or paid, tpgether wuh such inte~est, shall be secured by the lien of this mortflage. 6. That (a) in the event of any b~each oF this Mortgage o? default o~ the part of the MORTGAGOR, or (b) in tAe event ~ny of ?e;d sums of money herein referred fo be not promptly and futly paid within thi.ty 13p) days next after the same severally be~ome due and payable, without demand or not~ce, or (c) in tha event each and every ~he s~~pula~ions, agreements, condi~ions and covenants of sa;d promissory ~ote and ~h~s mor~gage any w e~~Aer are not iuly, promptty and iully performed, d~scharged, executed, effected, completed, compl~ed with and abided ~iy, then in e+tFxr w any such event the sa~il ag gregate sum mentioned in said ~xomissory note the~ remaining unpaid, wilh interest accruod, and all moneys secured hereby, ~hell betome d~e snd pay- ab:e fonhwith, or thereafter, at ~he opf;on of said MORTGAGEE, as fully and compleuly as if all of the said sums of money were w~ginatly snpu~arrd ro be pa~d on such day, anything in sa~d prom~ssory rate or in this Mortgage to the con+rary notw~ths~anding; and thereupw~ w thereafter a~ the op~~on of sa~d MORTGAGEE, without notice o? demand, suit at law or in equity, therefore or thcreafter beyun, may be prosecuted as ~f m~+eys setured hereby nad matured pr~or to ~ts institution. • 7. That in fhe event ~har ar rhe beginn~ng of or ar any time pend~ng any suFt upon rhis N4ortgage, oE to; foreckase it, or fa reform i~, or to enface paymenr of any daims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ction thereof iGr Ihe appamtmem of a Receiver, such Courf shall forrhwith apaoint a receive~ of said rtwrlgaged property alt and singular, inctvd~ng aU and singutar the income, prof~ts, issues and ~evenues from wi~atever source derived, each and every of which, i~ being expressly ur~de?stood, is hereby mortgaged as if specifically ut forth a~sd dmcubed in the grenring and habend~m ctauses hereoi, and such Receiver shall have all the broad and effective fund~ons and powers in anywise entrusted by a Court to a Receiver, and s~,ch appointment shall tre made by such Court af an admilted equily and a maner of absol~te rigM to said MORTGAGEE, and withow teference to the edequacy w inadequacy of the value of the property mortgaged w to the soivency or insolvency oI sa~d MORTGAGOR a the defendants, and tha~ such renrs, profits, incorr~, issves and ~evenues shall be applied by such Reteiver accord~ng to the fien or equity of wid MORiGAGEf and the prattice of'such Courl. 8. To duly, promptfy and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the atipuiations, agreemeMS, conditions and covenants in sa~d p~omissory note and this mortgage set fwth. 9_ That in the event the ownersh~p of the mortgaged prem~ses, o. any part thereof, becomes vested in a perwn othe? than the MORTGAGpR, the N,ORTGAGEE, its successws and au~gns, may, wi~houf norice to the MORTGAOR, deal w~ih such successor or svccessor in interest with refere~ce to thia mo~~gage and The debt hereby secured in the same manner as with Mortgagw w~~hout in any way vitiating a d~scharg~rg ~ne hSoriyego~s" :~ab+lity here- under w upors the debt hereby secu~ed_ No sale of the premixs hereby mortgaged and no forbearance on the part of 1F+e MORiGAGEE w its avccesaws or assigns and no exte~sion of the time for the payment of the debt hereby secur~d given by the MORTGAGEE or its iuccessors or ass~gns, aiwll operate ~o release, d~scharge, modify change or affect the orig;nal Iiability of ~he MORTGAGOR herein, either in whole or in pa~t. 10. It is specif~catty agreed rhat time is of the essence of this tontrad and lhat no waiver of any obl~gation hereunder or of the oblgat~on sc c~red hereby shall at any time thereafter be hetd to be a waiver of the terms hereol or of the instrument secured t~erby. 11. In add:tia~ to the iwego:ng monthly paymenis of princ pal and inte?est required by the prom~ssory no!e sec~red hereby, mo•tgagor covenants and agrees to pay to mortgagee vrirh each monthty pay~nent an add~rional sum est+mated by mortgagee to be equal to 1 j 12 of the annual cost of the foflow- ~ng: A-Ali ~eal property taxes levied or assessed against the above described real es~ate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the ~mprovements situate on the above described premises, C-Premiums on such mortgage guaranty ins~ran~e as morrgegee shall From time to time deem fif to carry on the ban secured hereby. Morlgagec shall from time to time notify rtsorsgagor in writ;ng of the amount due and payable hereunder and such sum shall thc~eupon be due and ; ayabie on the due date ot the nezt month:y paymem and each successive month thereafter ur,til mortgagee shall nothy mortgagor of a change in such a•~,ount_ Such sums sF:afi be applied by mortgagee toward the payment of real property taxes, inswance prem.ums, a~~d mortgage guaranty insurance p~emiums. ~N WITNESS WHEREOf, the said MORTGAGOR has ereunto set his hand and seal the day and year first aforeuid. '~~~gned, Seated and deliverc~ irr~ the p sence of: ~ ~ e3ss~~ ~ ~ - -~Seat) 1 Ho t n?ur ex - c5eaq - % (beal) _ ~ ~ a iI ?urner ~~a~~ ,i STATE OF FLORtDA ~ ' courvnr oF St. Lucie ~ ~ ~ ' Before me personally appeared HOtIStOA Turner a~ ~ Marilyn ?urner his wife, to me wdl known and known to me ~o bs rhe individuals described in and who exKuted the foregoing instrument, and acknowledged befue me that they executed the same for th~ putposes rherein expressed. Md the said Marilvn Turner • N~fe of the ~~d ~iouston Tuzner ,~~oti,a se~arate snd ~rv~te ' eiaminat:o~ by me taken separate and apart from her said husband, atknow(edged to and before me thnt :Fro executed.iuid 1~s~rsrrtMef•f~evjy 'vplun- ~ rar~Iy and wrthout any compu:sion, conurai~t, apprehens~on, w fear of or from FKr sajd husband. ~ ~ ~ W{TNESS my hand and official seal thi: 25t~1 day of .TaDL1aY n" j` p, 73 i . :r - 1 r. ~ T - L Not~ry Public in and for te b a s1; tarqe'' My Com.mission expires. t ~ ` - ~ -J Refurn To: I J.' ~j••~ ~ , First Federal Savings 3 Loan Association ' T,~.~ Of Fort Plerte- S ' ~ . . ~ ~ti~. fori P~erce, Ftorida i f LED AMD kECQR0E0 S~.IUC~E C~~MTY flA. ~ This Instrument Prepared By John W. Collins ROGEF ?0ti1R~5 ~ > F+rst Federal Savin s 8~ Loan Association CLERK C;::~U1t COURT ~ of Fort Pierce ~ RlOrida RFCORO VERF%t"c0..~.~. U f Checked By~~ W111 ~~7 9 58 AH~ ~3 ,~4ss~4 ~ UQ• BflO~i vACf i , _ , _ _ ~ _ ~ = ~ ~ ~ ~ ~~'.i3...~"`~ _^d~~ ~r~+a~S . _ ~~4 ~~.a' °-:..7?