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HomeMy WebLinkAbout2846 . ' ~ 9. To place snd contin?: ~usly keep on the buitdingi now a Mre~fte~ ?Ituat~ on said tand and o~ all equipmen~ ~nd penon~lly covered by this mwtg- sg~, with all premiums thereoe? pa~d in full, fire insu~anc~ in the utual sta~dard pofity form, in a sum approved by the MORfGAGEE, and windstorm ~naurance in the usust ~t~ndard pol~cy iam, in a sum approved by tM MORTGAGEE, (n wch company w comp+n~es ai ~M MORIGACsEE may direu; and all (ire ~nd wi~~orm insuranc~ policie~ a? any of. sa~d build~~+yi, any interest tF~crein or part thercof, in the aggregsre tum aiweiaid w in txcess thereof, shall comain the usual stsndard matyag~e clause-a such oth~r cl~uss ~i the Mor~y~gee may requ~re, makin9 ~he toss u~der aa~d po~i- c~es, each and every, payable to said MORTGAGEE as ~ts intere~t may appear, and e+cA and every tuch pol~cy ~hall be promp~iy ass gned and dalive~rd to any hetd by said MORTGAGEE ai (u?ther security to iaid mortgage debt, and, not lesi tMn ten (10) days in advance of the expirat~on of each pol~cy, to da I~ver to said MORTGAGEE s renewal ~he~wf, toyetMr with a recNpt for the prsmivm of iuch renewal; and ~here thall be no f~re o~ w~ndsro~m insurance placed on any of iaid buildirgs, ~ny inte~ssl therein w part theraof, unless in ~M fwm and w~th th~ lou payable ai aforesa~d; and in the event any sum of money becomes payable unde+ tuch policy a polKies said MORTGAGEE shall Mva tM op~ion to ~eceive and spply the same on accoun~ of the indebtrd- neu setu~ed hereby w to permil faid MORTGAGORS to reteiw ~nd use il w any parl thereot ior othcr purposes. ~v~thout th,r~u~ v~oi+i:~g ~r u~+pdir- ing any equity, lien w righl under p by vlrtus of this morsgsge; and in the ~vent s~id MORTGAGORS shatl iw any reason fail to keep the ~aid premisrs so ineured, a fail ro deliver promptly any of said po~~cies of insurance to said MORTGAGEE, w fai~ promptly to p+y tully any premium therefor or in any rtspect fail lo perlwm, d~scharge, execute, effect, tomplete, comply with and abids by this covenant, or sny part hereo(, sa~d MORTGAGEE may place antl pay for iuch insurance w any part thtreof without waivi~g or affectinp any option, li~n, equity, w righ~ under o? by virtue of th~s Matgage, and the futl amount of each ~nd every such payment shall be immediately due +nd payable and ihall bear intere~l from the date ~hereof un~il paid at ~he ra~e oi nine pe~ centum per annum and togethe~ with suth interest shal{ be secured by ihe lien of this morlgage. 1. To permit, commii w suffer no wsste, imp~irment w deterioretion of said propetty or any part thercof. S. To pay all and singular the costs, cha~gci and expenses, including a reasooable attorney's fee and costs of abstracts of t~tle, incurred o~ pa~d a+ ~ any time by sa~d MORTGAGfE, because or in the event of the f~ilure on the pa~t o( the said MORTGAGOR to duty, promptly and fu~ly perlorm, d~scharge. execute, effed, complete, comply with and ab+de by each and every the stipulatiwu, syrcementi, conditions, and mvenants of said prom~ssory note and ~his mortgage any w ei~he~, and said costs, cMrpes a~d expenses, each and ~very, shall be immedi~tely due ~nd payable; whe?he~ a not there be norrce de~ mand, attcmpt to coI1M a iuit pend~ng; and tM full amount of each and erery tvch payment shall bear interest from the date thereof uneil paid a~ the rafe of n~ne per centum per annum; and all said coits, charges and expenus incurred or p~id, ~ogethe~ w~~h such intereit, shall be eecured by the lien of th~~ mw19a9e. 6. That in the event of soy bre~ch of this Mortga9~ w def~ult on the part of the MORTGAGOR, or (b) in the event ~ny of said sums of money herein refer?ed to be not promptly and fully paid within thirry (30) days nex~ after Ihe seme severofly become due +nd payable, without demand o~ notice, or (c) in the evEnt tach and every the stipulations, agreements, conditions and coveMnrs of sa~d promissory note and th~s mortgage any a either are not ~uly, promptly and fully pe~formed, d~xharged, executed, effeded, completed, complied wlth and abfded by, then in ei~her w any such event ~he ta~d ag grega!e sum mentioned in said promissory note then r~maining unpaid, with interest ~ccrued, and aIl moneyi setured hereby, thall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely es if all of the said suma of mooey were ag~nally aripula?ed to be paid on svch day, anythiog io said promi~sory note or i~ this Mwty~ge to the convary notwithstanding; end thereupon or thereafter at the opt~on of sa~d MORT6AGEE, without notice or demand, suit at law or in equity, therefwe or therea(ter begun, may be prosecuted as if all moneys secured hereby :~ad matured prar fo its institutio~. 7. Tha~ in ths event that at the begtnning of or al any time pending any suif upon thi~ Mongage, a to fweclose it, or to reform it, or to enforce payment of any cleims F+ereunder, said JNORTGAGEE shall apply to the Court having jurisdiction thereof ta the appointment of a Receiver, such Co~rt shall forthwith appoint a receiver of said mwtgaged property all and singular, includ~ng all and singular the income, p?otits, issues and revenues from whatever so~rce daived, each ~nd every of which, if being expreuly unders~ood, is hereby morrqaged as if :peufically set forlh and dewibed in the grsn~ing a~d habendum ctauses hereof, and such Receive~ shall have all the brwd and effective funcuons and powers in ~nywise entrusted by • Court to a Receiver, and s;.ch appointment shall be made by such Court af an admitted equity ~nd a matter of absolute right to said MORTGAGEE, and wi!hout reference to the adequaty or inadequacy of the value of the property mortgaged w to the wtve~cy or i~solvency o( sa~d MORTGAGOR w the defendants, and that such re~fs, profits, incame, iuues and revenues shall be applied by such Receiver accordmy to )he lim w equity of said MORTGAGEE and the practice of such CouA. _ . 8. To d~ly, promptly and fully parform, diuh~rge, execute, effect, complete, comply with and abide by each ar?d every the stipulatians, agreements, conditioro and covenants in said promissory note and Ihis mo~tgagp set forth. 9. Thst in the event the owne?ship of the mo~tgsged premises, or any part fhercof, becomes vested in a person ofher than the MORTGAGOR, the MORTGAGEE, its sucteuors and auigns, may, wiihout notice to the MORTGAOR, deal wirh such successor or successor in interest with reference to this mo~rgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging she Mwtgagori liability hero- ~nder a upon the debt hereby secured. No sale of the premises hercby mortgaged and no fwbes?ance on the pa~t of the MORiGAGEE or its successo-s or ass~gns and no eatension of the time for the psyment of the debt hereby secur-d 9iven by the MORTGAGEE or its successors or au~g~s, ahall operate to release, dixharge, modify change or affett the orginal li~bility of tFro MORTGAGOR herein, either in whok a in part. . 10. It is speufically agrecd that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obl'yaYan se- c~red hereby shalf at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add:~io~ to the forego:og momhly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenams and agrees to pay to mortgagee w~th each monthly payment an add~rional sum est~ma?ed by mortgagee to be equal to 1/ i 2 of the annual cost of the follow- ing: A-All real 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 improvements situate on the abeve described premises. ~ C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mwtgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ c ayable on the due date of the neat monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgago~ of a change in such a~,ount. $uch sums shafl be applied by mortgagee toward the paymeot of real propeny taxes, insurance prem~ums, and mortgage guaranty insurence ` ~remiums. ? IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr first storesaid. g Signed, Sealed and delivered in the presence of: • ' - $ean 4 t: _ ~ ~ ~arles t;. Rewis ~~a~ ~ si c~ o-~~'_• h;l t r.~J..~Sb1...r.L ~ it~ (Sean ~ _ L~retta L. ~Rewis ~~,i~ a STATE OF FLORI~A ~ • ~ COUNTY OF St. Lucie = Charles Rewis Before me perwnally appeared end ~ Loretta L. Lewis hit wife, fo me well known and known to me to be ~ the individuals described in and who executed the fwegoinp instrument, and atknowledped befote me that they exetuted the same fw the purposes 3 rherein expreued. And the ssid Loretta L~ Rewis ~ .vife of the wid ~a=les M~ Ret~is upon s separate and private ~ examinatio~ by me taken separate and apart from her said husba~d, atkrawledged to and befwe. me that she exetuted said instrument freely and volun~ ~ tzrily and without ~ny compulsion, constroint, spprehension ' . , or fesr of or from her said hu~band. K WITNESS my hand and official seai this r~- day p~ Febru ,.~.a i4 73 ~ ' ~ ~ 7 ~ E ~C _ - ~ ~ ,4''c''~. - ; . r~otary Public in ~nd fo? the St e Of flori 9Q. - . / My Commiu'an e:pires: ~ ~ ~ ~ ~ • . . ' - - Retum To: - ~ ' ' ^ , Fint Federal Saving• a loan Associat~on / T) `'7 ~~r~._~= J- Of Fort P~erte. ~ . . . - Fort Pierce, Flwida • ' . • • . :i . This Instrument Prepared By~CDQOC~C?C~~(]UC1CD[X J. H. Roberts, JrFt~FO ~t~~ R~c~Kpt ~ First Federal Savings b Loan Association $T. LUCtE C~UMTY FL~, ~ of Fort Pierce ~ Florida ROCtk =OirRAS ~ ~ CLE~K Ct,CU~T CQtJl1~ Checked By RFCOar vrn.: j s ~ f~e 13 10 ic AN'T3 - ~~~~210 P~cE2S~3 - ~4'~'708 ~ ~ ;z._ _ _ . _ - ~ ~ ~ ~ ~ _ ~ . n. _ , , t .