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HomeMy WebLinkAbout1715 3. To place and con~inuously keep on the bui!d~~gs now w hereafte~ ~ituate on said ~and and on ali equ~pment ~nd personslly covered by th~s mortg• ege, w~th all prem~ums thereon pa~d in full, fire insur~nce ~n the usual srandard policy form, in a sum approyed by tbe MORiGAGEE, and w~nds~orm ~~~urance in the usual s~andard pol:cy fam, in a sum approved by ~he AhORTGAGEE, in tuch company or compsn~es at the MORTGAGEE m~y d~rect; ~nd all fire and wind~to~m insura~ce poticiei on any of aaid build~ngs, any intere~~ therein or parf thcreol, in the aggregare sum aforesa~d or in eacesi thereof, shafi conain rhe ~:ual stu~da~d ma~gagee clause o~ such other clause as the Mortpagee may requ~re, making ~he Ioss undrr sa~d poli- c:es, each and eve.y, payab~e to iaid MpRTGAGEE as ~ta intereit may appeu, and each and every such po~icy shall be prompNy a~: gr,ed and de~iver~d ~o eny held 6y sa~d MOkTGAGEE as further security w~aid mort9age debt, and, not Isu Ihan ten (10) diys in advance of the expirafion oi each poGcy, to da liver to said MORTGAGEE a renewal thereof, ~ogNher wi~h a rece~pl fw the premium o1 svch rencwal; and ~here shall be no L~e o. w~nds~orm insurance pleced on ~ny of said buildings, ~ny interesl therein or part thereo(, unless i~ ~he fo~m and wiih the loss payabie at aioresa~d; and in the event any sum of money becomes payable undcr such poJicy w pal~cies said MORTGAGEE shall have the opt~on to receive a~d apply ~he un,e on acco~nt of th~ inciabted- +,ess secu~ed hereby or to permit sald MORTGAGORS ?o receive and use i~ w any par~ thereof lor orhe. pwFwses, ~v.~ho~t ~hrr~ur wa~.~.~g cr ~~~,pa~r• ~ng any eQv~ty, lie~ or right under or by virtue of ~his mo:sgags; snd in the eYent sa~d MORiGAGORS shall for any reason fail to keep the sald p~em:s~•s so ~~~ured, o~ fail ro del~ver p~omptly any of said pol;clea of i~aurance to ts~d MORTGAGEE, w fa~l promptly to pay futty any premi~m ~herefor a in a~y ~espect fail ro perform, d~schugc, e:ecute, efiect, complete, comply with aod sb~de by this covenant, o~ any part hereof, said MORTGAGEE ~~ay p~ace a~tl pay for such insu~ance w any pa.t thercof witFqut wsiving w affectin9 any option, lien, equ~ty, w r~ght under a by virtue of th~s Mwtgage, and the t~u amoun~ of each and every such paymem shaii i,n ~~~,~~~ni;eteir d.:a an~ ps,a~!t and shnll bea! fn~~!~P1I frnm rhe date thereof until pa~d at the rate of ~une pe~ centum per annum and together v.•ith such intere:r shall be secured by the lien of lhis mortgsge. 1. To permit, commit or su4f~r no waste, impaiiment a deterioration of said property w any part thereof. S. To pay all and singulsr the taats, charges ~nd expcnxs, ~ncluding a reasonable attorney's fee and costs of abstracts of title, incurred or pa~d at any time by sa~d MORiGAGfE, because or in t!x event of the fa~lure on ~he part oi ~he said MORTGAGOR to duly, promptty and fully pe~(orm, d~scharge. zxecute, effect, comple~e, compty with and ab~de by eath a+wl eve~y the stipulat~ons, sgreements, conditions, and covenants of u~d prom~ssory note a~d th~• rortgage any o~ either, and sa~d costs, ch~rges and expenses, each and every, shall be immed~ately due and payabte; whether w not there be not~ce d? mand, attempt ro cotlect or tuit pend~ng; and tF~e full amount of each and every such payment shaN bea. imerost from ~he date the~eof untit paid at thc i ~,re of nine pe. cent~m per an~~um; and all said costs, charges and expenses incurred or paid, together with such inrorest, shall be secured by the lien of thia mortgage. 6. That (a) in the event of any breach of this Mortgage or defauft on the part of the MORiGAGOR, or (b) in the event any of sa:d sums of money nerein refev~ed to be not promptly and fully paid wiehin thirty (30) days next after ~he same severally become due and payaUle, without demand or notice, or (c) in the event eath and every the stipulations, agreements, conditions and covenants of sa~d promiuory note and th~s mortgage any or e~~her a~e ~ot iuly, promptly and futly performed, d~scharged, execured, efiected, compkted, comp6ed w~th and ab~ded ~iy, then in e~ther w any such evem the sa~d ag gregate s~m mentioned in said p~omissory note then ~emaining unpaid, with interest accrued, and all moneys secured he~eby, shall become d~e and pay- abie fonhwith, or thereafter, at the option of aaid MORTGAGEE, ~s fully and completety as i( aH of the said sums of money were or;ginelly shp~fated ro be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the conlrary notwi~hstanding; and thereupon or thereafter at the op~~on of sa:d MORIGAGEE, without nonce w demand, suit st law or in equity, therefwe or Ifxreafter begun, may be proxcuted as if aIl moneys secured hereby n::d matur~d pnor to in instituhon. 7. Thar in the event that at the beginni~g of or st any time pendirg any su~1 upon this A+lortgage, or to foreclose if, o~ to reform it, or to enforce ~ayment of any ctaims hereu~der, said MORTGAGEE shail apply to the Court having j~risd~ction thereof for the appo~~tment of a Recei~er, such Co~rt shali 'crthwith appoint a receiver of. said mortgaged ptoperty al! and singular, i»clud~nq all and s;ngular Ihe income, prof~ts, issues and revenues trom whatever source der~ved, each and every of wh~ch, it lx~ng e:pressly uodersiood, is hereby mortgaged as if spec~fically set forth and described in the grantiog and habendum cls~ses hereof, and such Receiver shall have afl the broad and effective f„nct~ons and powers in anywise entrusted by a Court to a Recaiver, nnd s~:h appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reterence to the adequacy or inadeqvacy of the value of the property matgaged or to the so~vency or insolvency of sa~d MOR7GAGOR o~ the defendants, and ihat such ~e~is, profirs, income, issues and revenues shall be applied by suth Receiver atcording to the lien or equity of said MORiGAGEE and the practice oF such Court. 8. To duty, promptly and fully perform, discharge, execute, effe:t, complNe, comply w~th and abide by each ar~d every the stipulation:, agreemenss, conditions and covenants ~n sa~d promissay note and this mortgaqe set fwth. 9. That in the event the ownership of the mortgaged prem:ses, a sny part thereof, becomei vested in • person other than the MORTGAGOR, the $ ORTGAGEE, its successws and assigns, may, without notice to the MORIGAOR, deal with such ?ucceuw or successor in interest with ~etere~ce to this ~ n o•rgage and the deCt hereby secured in the same manner as wi~h 6tortgagor witluut in any way vitiatirtg or d:scha~ginq th~ N4or~9agori liability here- .:;:der or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no (orbearance on the part of the MORTGAGEE or its successors or assigns and no exrension of the time fw the payment oi the debt hereby secured given by tFx MORTGAGEE or iti successws or assigns, ahall operate ro re'rease, d~scharge, modify thange or affett the wig;nal liabil~ty of the MORTGAGOR herein, either in whole a in parf. 10. It is spec;fically agreed ?hat time is of the essence of ~his conrraci and ti,a~ no wa~.er oE a.-.~ ebliya:E~n l:orcvr.aer er ef th~ ~!:aj!'e~!~ sd c.;red hereby ahali at any time thereafter be held to be a waiver of the terms hereof or of the instrument iecured herby. i 1. In add.t~o~ to the lorego:ng monthly paymen~s of princ'pal and interest required by the prom~ssory note secured hereb~/, mortga~or covenanrs ~ agrees to pay fo morrgagee w;th each monthly paym~nt an add~rional sum est~mated by mwtgagee to be equat to 1;' 12 of the annual cost of the foliaw- A-All rea! properry taxes le•iied w assessed agai~st the abave described real esta!e. B-Prem~wns on fire and windstorm ~nwrar.ce as~nere~r. requ~red to be carried on the improveme~ts sitvate on the above descrllxd premises. C-Prem~ums on such mortgage guaranfy ir.swar.ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby. ~ :Aortgagee shall from t~m.e to time no~ify mortgagor in writing of the amount d~e and payable hereunde+ and such sum shall thereupon be due and +;ab1e on the due date of the next monthly payment and each successive mo~th thereafrer urfil mortgagee shaN notify rrwrtgagor of a change in wch ' ount. $uch sums sFail be appl;ed by mortgagee toward the payment of real propeny taxes, insurance prem:ums, a~~d mortgage g~aranty insurance .-~•emiums. ~ IN Y~ITNE YHEREOF, t said ~ RTGAGOR has hereunto set h~s hand and seal the day and year first afw sai~. S~g at a eli~er in~ esence of: ~ , \ - Seal) ~ - } lSeal) ' ~'l1 ~ (Seal) i ~ l$Cal) i ; S'a7E CF FLORIDA ~ = St. Lucie u~ :aUNTY aF ) "s s Before me personaity appeared Peter SieZing and ~ ~ Waltzaud Sieling his wife, to me well known and known to me to be ? ~he individuafs described in and who exetuted tFx foregoing instrument, and scknowledged before me that they executed the same (w the purposes ~ rherein expressed. And the sa~d wa1tYaUd $1E1.1T1CJ t N~fe of th. said Peter $ 9 upon a separate and privsta •~xamination by me taken separate and apart from her said husband, scknowledged to and before me that she executed said instrument freely and„volun- `S < ~3~~1y and wrthout any compulsion, constraim, apprehens~on, or fesr of or from he~ said.~husband. _ ' WITNESS my hand and offic~al ual this 3~h da of J~~r ~ • ~ r ~ n.•b: t4'. 73 ' ~ ~ ~ ~ ~ • - " Nmafy Public in and for tit Stat of Fbrk! ~t~la~p :-t My Commission expiross = ~ ~ ~ t = ~ = Ret~m To: ~ ~ 1 G rc.. ~ = Fint Federal 5avings a Loan Associat~on . ' ~ Of Fort P:erce. ' " _ . . - Forr p~~~ce, florida ` ' FIIED AN~ KECOROED r ST. IUCIE GOUNTY fLA. ~ RCCER P~~iRAS N This Instrument Prepared By J. H. Roberts, Jr. CLERK C!'iCi+IT COURT First Federal Savings 8 Loan Association RFCO~J ~ER'i"~EO ; of Fort Pierc ~ Florida ~ 31 4? PH ~7~ - Checked By •l-' ~ E~ 21Q f,~t 17i3 ~4691'7 _ ~ i _ - ~ ~ r s_ . .