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HomeMy WebLinkAbout2708 3. To plece and conti~vously keep on the bu+Id~ngs now w he~eafter fituate on ~a~d land and on all equip~nent ~nd personally coverad by th~s mortg- ege, w~th all prem;umi thrreon pmd ~n iull, lire insurance ~n ihe usuat stanaard poliq form, in a ium approYed by the MORtG.~GEE, a~~d w~~~de~o~m ins~~ance in tha us~al srandard pol~cy form, in a ~um approved by lhe MORTGAGEE, in tuch company or compan~es as the M02TGAGEE may dircc~; and all (ire a~d w~ndsrorm inw~ance polic~e~ on any of said build~~gt, sny iMerefl therein or part thareof, in the aggregate su~~ atoreaaid or in exceu ~her~of, sMll contain ~he usual siandard mo~rgagee clsuse w such o?her c!auts ~t 1M Mortgagee may requ~ro, rnaking ~he loas undrr sa~d poli- c~es, each and every, payabte to iald MORTGAGEE ~i ~~s imeratt may ~ppear, and each and every auch pol~cy shall be promp?iy a?s g~rd and deliY'r~rd fo eny hrld by seid MORTGAGEE as further secu~ity to said mortgage debt, and, not les~ than ten (10) days in advance of the e~p+ia~ion of each pol~cy, to de- I~ver to said MORTGAGEE a renewal thereof, togt~her wi~h a rece~pt for the premium of sucA renewal; and ~here shall be no i~ro or w~~~dsto~~n i~wrance ptaced on any of sa~d b~ild~ngs, sny interest ~here~n w part thereof, unleu in the fo~m and with the lois payable as aioresa~d; and ~n ~he e~ent any sum of money becomes payable under such poliq o~ pol~cies said MORTGAGEE shalt have ~he option to receive and apply the same on account of the fnd~•~~ed- ness sew~ed hrreby w to permit said MORTGAGORS to receive snd use it a any part thereot lor o:ncr pwposes, w~~hwt ih~r.ur .v,:~.~.~g ~~~~p~u- ~n9 any equ~ty, I~en o~ right under or by virtue of this mo:!gage; and in the event ia~d MORTGAGORS ii~:+ll for any reason fail to keep the sa~d p~eR~~s.~s so lnsured, or fail to da~iver promptly any ol said policies of insurante to said MORTGAGEE, or fail promptly to pay fu11y dny pre~~~wm therelo~ or in any ~espect fail to per(ocm, d~scharge, execute, t{fect, complete, comply with and abide by this tovenant, a any par~ hereof, sa~d MGRTGaGEE may piace a:•d pay fo? s~ch insurance or any part thereof wi~hout waiving or affecting any option, lien, equity, or nght unde. o~ by v~rtue ol this Ma~ga9e, and t!~e f~ll amount of each and evay such payment shall be immediately due and payoble and shall brar intere~t hom the date thc:eof unti~ po~d at ~he rate ol ~~~~~e per centum per annum and to~ethrr with such interest shatl be secured by the lien of this mortgage. 1. To permit, commit w sufier no waste, impairment w deterioratio~ of said property w any parl thereof. S. To pay all arxl singulsr the costs, charges and expenses, includ~ng a reaso~able aftaney'~ (ee and cosrs of abstracts of t~tfe, incurred or pa~d ar nny timr 6y said MORTGAG:E, betause w in the event of the failure on the parl of the said MORTGAGOR to duly, p~omptly a~d fuily pe~form, d~schj~ge. e,ecute, eifec~, complete, comply w~th and aN:de by each and every the stipulauons, sgreements, conditions, and covenants of sa~d p~omusory ncte and th~s ,,ortgage any o? either, and u~d costs, charges and e:penses, each and every, shall be immediately due and payabl~; whethe~ or nof rner~ be nof~ce d~ n,and, afrempt to collect w suit pending; and the full amount of each and every such paymenf shall bear interest (rom the date Ihereo4 unTi{ pa~d af ~t~e ~.~re o~ n~ne per cenrum per an~~urn; and all said coats, charges ar.d expenses irxurred or paid, together wAh sucA interest, shall be secured by the lien of th~s mottgage. 6. That (a) in the event of any b+each of this Mortgage or defaulr on the part of the MORTGAGOR, or (b) in the event s~y of sa:d svms of money herein referred ~o be not prompNy and fully paid within thnty 130) days neat aiter the same severatly become due and payabte, without demand or notice, er ~c) in the event each and every the stip~tations, agreements, cond~tions and covenants of sa:d promisso~y note and th~s mortgage any or e~ther are not iuly, promptly and fuity performed, d~scharged, ezecuted, effected, tompleted, complied with and abided by, then in e~ther or any such event the sa~d ag ~ate sum mentioned in said p~omissory note then remaining unpaid, with inte?est accrued, and all moneys secured hereby, shall become due nnd pa~r- ab:e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of the said sums of money were o~~ginally st~putated ro be pa~d on such day, anything in sa:d promissory note or in th~s Mwtgage to the co~~rary notwithstanding; and there~pon or thereafter a~ ?he opt~on of sa.d MORTGAGEE, without not~ce or demand, suit at law w in equity, therefae or Ihereafte~ begun, may be prosecuted as if all moneys secured hereby r.;d matured pnor to its institut~on. 7. Thar in ~he event that at the beginning of or at any t~me pending any w~t upon this Mortgage, a to fo~eclose it, or to reform it, o. to enforce payment of any claims hereunder, said MORTGAGFE shaU apply to the Cow1 having jwisd~ction thereof tor the appointment of a Receiver, such Ccurt shail Fcr~hwith appoint a receiver of said mortgaged property al~ and singular, includ~ng atl and singular the income, prof~ts, issues and revenues from whatever s~urce drrived. each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set forth and describzd in the granring and habendum clauses hereof, and such Receiver sha11 have all the b~oad and effective funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, a~~d s.ch appoinfinent shall be made by such Court as an admitted equify and a matter of absolute right ro said MORTGAGEE, and w~~Mut reference to the ad~yuecy w inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR or the defendants, and ~hat wch re~+s, proi~rs, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of sa;d MORTGAGEE and the practice of s~ch Court. 8. To d~ly, promptly and fully perform, d~scharge, exccute, effect, complete, comply with and abide by each and every the stipuiations, agreements, conditions and covenanrs in sa~d promisswy note and th~s mwtgage set fwth_ 9. That i~ the evenl the ownersh~p of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the .'ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interesi with ~eference to this ~ o•~gage a~d :he debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagori tiability her~ ~::der w upon the debe hereby secured. No sate of the premises hereby mo~tgaged and no forbearance on the pan ot the /~IORTGAGEE or its successors •~r ass~gns and no exrension of the t~me fw the paymen? of the debt hereby secured given by the h10RTGAGEE or its s~ccessors or ass~gns, afiall operare ~o re!ease, d~scharge, mod~fy change or affect the or~ginal liab~lity of the MORTGAGOR herein, either in whole w in pa~t. 10. h is speuf~catly agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or ot the obligation se- cured hereby shalt at any time thereafte~ be held to be a waiver of 1he terms hereof w oF the instrument secured he~by. I l. In add:tio~ to the forego'ng month!y paymems of princ pal and interrst required by the prom~ssory no!e sec~red hereb~, mortya3or covenants ~-d agrees to pay to mo-tgagee with each monThly payment an add~~ional wm esnmated by mortgagee to be equal to 1; 12 of the ann~al cost of the follox- 3: i A-AII real property taaas levied or assessed dC~3i432 thc above described real estare. ~ B-Prenuums on fire and windstorm ~nsurar,ce as herein requ~red to be carried on the improvements situate on the above described przmises. ~ C-Premiufus on such mortgage guaranty insurar,ce as mortgagee shall from time to t~me deem fit to carry on the loan sewred hereoy. ~ hlortgagee shail from nme to t~me nctiiy mortgagor in writ~ng of the amount due and payable hereunder and such surn sha!I thareupon be due and ~ ~,able on the due date o4 the next month;y paymem and each successive month thereafter ur,til mortgagee shall not;fy mortgagor of a change in wch < <~unt. Such s~ms sha:l be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance f E :~•emiums. ~ IN V~ITNESS WNEREOF, the sa~d MORTGAGOR has hereu~to ut his hand and seal the day an ear first aioresa~d. ! ~Signed, Sealed and deliver~-ia the ,esence of: ~ ; ~ y.~ ~ ( ~~-~-~t Q.lc~Lt • ~ • ' ~1`-'~ (Seal, ` Joe E. B ron son ~~a~~ ~ , % ~ ' cseap ~ _ ~ ~ - ~y,~ ~ - - `"i ~ li^~- =7~ /f7 : . ~ Chris it M~ranson ~ 5 ~ ATE OF fLORIDA ~ u. ~ ~JUNTY OF St. Lucie ~ ~ Before me personally appeared J!~e E. Bronson and ' Ct1I 1 S t 1 M. B ronson his wife, to me well known and known to me to be y r~ the individuals descr~bed in and who executed t tor oi iny~ume~ a~ ledged before me that they executed the same for the pwposes ~hl~S~l M. eSY~50~ . rherein expressed. And the ~aid ~ +~;~e of the w~d Joe E. BrOi350D A upo~ a.sep~~pte and private exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before m~~t~at she executed said .instrument freely and vofun- ._r~ly and wlthout any comp~lsion, consrraint, appre sipp, or fear of w fro(n her said husband. f ' t: ' , f ~l ` WITNESS my hand and official seal thi - day of ` ~ ~ A_ D: '19~3 a - . ~ ~ - - ` , _ , l~Jotary Public in andC or the te o~Fiorida.~l Large My Commission expires: • r )r' -7 Retum To: ~~(7h. •F~3 1 5 ~ First Federal Savi~gs b loan Association ' "ti Of Fort P:e~ce. Fort P~erce, fto~ida FILfC ~Ni~ ~f ~~~DED ST. LUC3E COUtiTY F~A. ~ RO ~f = = : TRAS ~ This Instrument Prepared By ~'ary F. Ellwood C~fFK COURT First Federal Savings 8 Loan Association P.~GOF:(1 v: ~ j = of Fort Pierce , Florida ~E8 y 4 26 PM ~73 ~ g i ''f Checked By 2`3.7 60~X~~o ~AG_~ { t1~ s2o ch 4y A'; r'p . . . . _ _ " . I _ ~ . E ~ 'h~ _ k ~ ~~u~~~~ ~'~~i a~ ¢e.:.}~ , . . ~ ~$~ej.a~ .