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HomeMy WebLinkAbout2441 3. To pface and co~t~nuou:ly keep on rhe bu~!d~ngs now w hereafter •~wate on said I~nd a~d on all equlp~nent and persona~~y covered by this morrg- age, w~th all p~em~uma thereon pa~d in full, fire insvrante in the usual srendard po!icy io~m, i~ a wm approved by the MORIG~GEE, a~~d w+ndstorm ~nwrance i~ ~he uswl i~anda.d pot~cy fo~m, in a sum approved by the MORTGAGEE, in such company or compan~es as the MORTGAGEE may d~rect; and all tire and w~nda~orm insurance' policies o~ any of said build~nys, any inte~est ~here~~ or parl thereoi, in the aggreqate sum afores~~d o~ in excess ~hereof, sAalt conlain the usual standard mortgagee clause o~ such other ciause ~s Ihe Mortgagee may regu~re, ma4ing the loss undrr sa•d pola c~es, each and every, payabte to ss~d MORTGAGEE as ~ts ~n~err~t may appear, and each and eve~y auch poGCy ~he~l be promp~ly ass g~rd a~~d de~irer~d ~o eny heid by sa~d MOK~vAGEt as iw~her secwi~y iu se~J ~~~oryage debt, ar.d, r.as !ess thsr. !,n {!Q; ~a;a >dv~•~c• oF tM wapirat~on ot each ool:cy, to dr Gve~ to said MORTGAt'iEE a renewal thereof, togeeher w~th a receipt fw ~he premium oi :uch renewaf; and ~here shatl be no f~re or w~ndsimm inswance plaGed on any of sa~d bu~~d~~ps. •ny interest liurein or pe~i ii~a~riii, ~~~:255 ~:e i:.~ : 3~w v::tC ShE ~:5. r3~.:~!~ =j=`~""~; tlee e~ent anv s~m of money bccomes payable under such polity w pol~ues said MORTGAGEE shall have ~he opt~on to rece~ve and apply the aame on accou~~t of the indeoted- ness sewred hereby a to permit sa~d MORTGAGORS to receive snd use it w any parl thereof ior oti~cr purposes. v~~~ho~t ~h=~a+~r w.:~~~:'3 ~r "':p°"- ing any equ~ty, I~en o~ righ~ u~der or by virtue o1 this mo:tgage; and in the event said MORTGAGORS shall tor any reason fail to keep the sa~d p~emisas so insured, or fail to deliver promptly any of aaid po~~cies of insura~+te to said MORTGAGEE, o~ fail promptly to pay fuliy any p:em~um therefo~ or in a~~ respect fail to per(orm, discharge, e:ecute, effect, comp~ete, comp~y wi~h a~d abide by this covenant, a aoy par~ hrreof, sa~d MORTGAG:E may place a~d pay fo~ such insurance w any part thereof without waiving or sffecti~g +ny option. I~en, equ~ty, o~ r~ght under a by virrue of th~s Mortgage, and ihe tull amovnt of each and every such payme~t ~hall be immediately due and payable and shall bear interest from the date thereof until pa~d at the rate ol n~ne per centum per annum and to3ethrr with such inrereat shai~ be secured by the tien of this mwtgage. a. To permit, commit or s~f(cr no waste, impairment a deteriorat~on of sa~d property a any part thereof. 5. To pay all and singular the costs, charges and expenses, ~~~cluding a reasonable attorney's iee and costs of abstracts of title, incu~red or pa~d a~ any time by said MORTGAGEE, because or in the event of the failure on the pa~t of the said MORTGAGOR to duly, pre~npdy and fully perform, dncharge. _xecure, effect, comptete, comply-w~th and abde by each ~nd every the stipu:at~ons, agreements, co~ditions, and covenants of said prom~ssory note and fh~s or!gagr any er r~!!~, and sa~d c~rs, chsrges and expenses, each and everv, shall be immediately due and payable; whe~he~ or not there be nqf~ce da :,,and, attempt to collect w suit pend~ng; and the futl amount of each and eve?y such payment shall bea. in~erest from the date thereof ur~tii pa~d at the ~.,te of n~ne prr cenwm per annu~; an~+ all said costs, charges and eaprnsea ~ncurred a paid, together w~th such interest, shall be sec~red by the l~en of th~s mortgage. 6. That (a) in the event of any breach of this Mwtgsge or defaulr on tF+e part of the MORTGAGOR, or (b) in the event any o1 satd s~ms of money herein ~eferred to be not promptly and fully paid within thi~ty (30) days next after the same severalfy become due and payable, without demand or norice, cl (c) in the event each snd eve~y the stipulations, agreements, cond~tions and covenanta of sa~d promissory no~e and th~s mortgage any or e~ther are not iuiy, prompily and fully performed, d~xharged, executed, eifected, completed, compl~ed with and abided ~iy, lhen in e~ther or any such event the sa~d ag ~r¢~gate s~m menrioned in said p~omissory note tht~ remaining unpaid, with interest accr~ed, and all moneys secured hereby, shall become due and pay ab~e forthwith, or thereafter, at fhe op2ion oi said MORTGAGEE, as futly and completety as i( all oi the said sums of money were ongenally st~putated ro be pa~d on such day, anything in sa':d prom~sswy note or in this Mortgage to the co~trary notwithstanding: and thereupo~ w thereafter at the opr~on of sa:d MORTGAGEE, w~rhput notice or demand, suit at taw or in equity, fMere(ore or thereai~er begun, may be prosecuted as if all moneys secured hereby r.~d maWred pnor to ~ts instituLOn. 7. That in the event that at the beg~n~~rtg of or at any time pending any suit upon this Mo~tgage, or to foreclose it, or to refwm it, or to en(orce payment of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jur~sd~ction thereof for the appo~ntment of a Receiver, such Cour1 shail Fcrthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and s~ngular the income, prof~ts, issues and ~ever.ues from whatever source derived, each and every of wh~ch, it bcireg expressly understood, is he~eby mortgaged as if spec~fically ut fo~ih and described in the granting and habendum clauses hereof, and such Reteiver shail have sll the broad and effective funcnons and powen in anywise emrusted by a Cou~t to a Receiver, and s~:h appoinrment shali be made by such Court as an admitted equity and a matter of absolute right lo said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the proper~y mortgaged or to the sotvency o~ insolvency of said MORTGAGOR o~ the defendants, and that such ran+s, profits, income, issues and reve~ues shall be applied by such Receiver accord~ng to the lien o~ equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu~ations, agreements, ;onditions and covenanrs ~n sa~d promissoay note a~d this mo~tgage set forth. 9. That in the event the ownership of the mortgaged premises, or any pa.t thereof, 6ecomes vested in a perwn other than the MQRTGAGOR, the :'.ORTGAGEE, its succeuo~s and assigns, may, without notice to the MORTGAOR, deat with such successor o? s~ccessor in interest with reference to this n,origage and the debt hereby secured in the same manne: as wiih Mortgagor without in any way vitiating or d~xha~ging the Idongagors' tiabilrty here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pari of the MORTGAGEE or its successors or ass~gns and no earens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors o~ ass~gns, s~:al1 operate ~a release, d~scharge, modify change or affect the orig~real liab~tity of the A10RiGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and Ihat no waiver of any obtigat~on hereunder w of the obligation sr cured hereby shall at any time thereafter be hetd fo be a waiver of the terms hereof or of the instrumenl secured herby. 11. In add•tio~ to the forego n~ monthly payments of princ"pal and interesr required by the promiswry note secured hereby, mort9agor covenants ,~.d agrQes fo pay to mortgagee vvith each monthly payment an addoional sum esnmated by mortgagee to be equal to 1 j 12 of the annual cost of the foliow- ~g: i . i A-All real property taxrs le~~~ed or assessed aga~~st the above desc.~bed rea~ estate. ~ B-Pren:~~:ns on fire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~fs s~tuate on the above described premises. i ( C-Prem~urt~s on such mortgage guaranty insurar,ce as mortgagee shatl from t:me to time deem fit to carry on the toan sewred hereby. ~ Mwtgagee sha:l f~om ti~ne to !~me notify mortgagor in writing of the amount. due and payable he~eunder and sucS sum shafl thcreupon be due ar.d ~ ;.a rabte o~ tF~r due date of the next mo~th:y payment and each successive month thereafter ur,til mortgagee ~hatl not~fy morrgagor of a change in such € ovn!. Such sums shail be appifed 'by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaraniy insurance ~ ,~•emiums. ~ IN ~YITNESS +ti'HEREOF, the said IV~RTGAGOR has hereunto set his hand and seal the day and~year fe:st aforesaid. ~ Signed, Se f~~ delivered in the presence of: ` ' ~ -~L.~.~-*'' J ~~l~ 1~ ~ lSeal) Cuztis Roberts ~~ap ~ ~r . ~ G `~~Cl~L'lt"/i.Cc ;,(ct.~~l~Tis_'~'C L~,1x._.~ ~ ~lL~J l$eal) ~ Z Q1 ~ ~ E~~ie Dfarie Roberts ~~aq - ~ ~ S~A7E OF fIORIDA ~ ~ St . Luc ie ~ COUNTY OF I x Before me personally appeared CU! L 1 S Rober t s and ~ Ev i e :+tar i e Rober t s h;, w;r~, to me well known and kno•xn to me to be ~ the individuais described in and who executed the foregoing inslrumem, and acknowledged before me that they executed the same for the purposes ~ therein exp~essed. And the said._ Ev i e t?la r i e Rob e r t s Curtis Ro~eri~ r:ife of the »id , upon a aeparate and private ~ e.am~nat~on by me ta4en separate and apart from her said husband, acknowledged to and before me that sfie executed said instrument freely and votun- ra~ily and wrthout any compu(sio~, constraint, aapreheni n, or fear of or from her said husband. s; WIINESS my hand and offrclal seal th~s- daY of Februar A. D. 19 73 r`~ t, ~ r' 11 ~7 Sf /lf L f Gri~-~sra'-;/-,.{ ! f'` l, - Notary Public in and for the y~~f F{or af~ larg~ - ~ / ; • 9 - , My Commission expires: - . - ^ Retum To: ~ ~ " ' ~4" First federal Savings S loan Aswciat~on NOTARY PU~LIC, S~3Tf~bf E1.ORIDA ~t U~fE Of Fort P:erce. S1Y C0~~5~~lSSiak'rtYPIR{C JEC. .29~197$ Fort P~erce. Herida ~QE~ T•.-..,'~' ~~•,.•,n. - FILEO A.r[ ~sEG'J ' r _ ST.IUCt"c G~`1:NRRS~A. i . ' = ~~RG~F~ vUiS ;.OORT ~ ~ E ~ - c ;z This Instrument Prepared By John ld. Coli ins ; First Federal Savings 8 Loan Association ~ a 21 PN 3 ~:a of Fort Pierce, Flor ida fE0 Checked By ~'S- 24'7419 B~GK~~O PA~E~,~~ ~ - _ = v~ .