Loading...
HomeMy WebLinkAbout2313 3. To pl~c~ and con+~nuovsly keip on ~M buitd~nyi now a h~reaf~K w<<at~ on s~~d land and sU equ'pmeni and ~erionally covered by ~his rnor~9- ~g~, w+~h ~II p.em,~ms ~Ae~ea? pa~d ~n (u11, fin ins~ranc~ ie H~ uswl s~a~dud polrcy form, in a sum approved by th~ MOR~GAGEE, ar:d w~ndsram ~~rwu~cf in tM uiwt sta.~dud pol~ryr fan1, jn • ~um ~pprored by the MQATGAGfE, in wch compa~y w compan~es as the MORTGAGEE may du~tlj ~~d ~fl fa~ and w~ndstwm insura+c~ pOIiCiN on aey of N.iI ~iWin~f, affr ~fltffHl fIll~lifl M pa?t the~eof, in 14y agg~cgate wm ~fortwid or in excess ~h~.eof, sMll cor.ain ~he usual standud mar9a~ef claus~ or such aFw ciavs~ u tM Ma~Qa9a~ may requu~. makirg ~hs tou unde~ sa~d polr c~ss, o~ch aod eve.Y. p+YSbl~ ro iaid lNORTGAGEf ai its in+~re~t maY ~ppsu. and each snd every ivc1~ po~~cy shall b~ promptly ass gr+ed and delrvaed ro aay 1?~Id by s~id ~YIOQfGAGEE as fwther secv+°ty ~o said ma~ysy~ debt, a~d, ~wt ku tF~n ten (10) dars ~n ~dvance of tAe expi.at~on of e?ch policy, ~o dr IivK b said h10RTGAGfE a ruiewal ~herwl, topc~hM with a ~eceip~ for ~h~ pr~enivm ot such renewal; and ~her~ shall bs no f~r: o. w~ndi~or~r insur:nc~ placad en ~ny of iaid ~,ild~rgs, ~ny imeres~ tAerau? o~ put ~Mr~of. veleu in Ih~ form ctd wiih tM loss payabk u•(aesaidr ~nd in t1» e~ent a~y sum of monoy beca~++es payabla unde~ iucA poticy or polK:es ~;d MOR~GAGFk shaU lu,rs ~M opr~on to receive and ~pply the iame on accovnt o( the indabsrd~ ness secu.ed he~eby w b psrn+i~ ia~d MORTGAGORS w ~ecdv~ and us~ it w any pu~ thlrtof ior o~~.~. pu~E~ias, w:~1w~:,t ih;r~of .va~Y~•~3 0. ~~t~p~~~- Irg any equ~ty, lie~ or right unde~ w by virtw of this mo:tpa~; and in rh..ven~ s,~d MORiGnGORS :haG fw any reawn fail to keep ~he ss~d p+emisrs so inw~ed, w fap 1o deliver promptly any of said polKiea of anwante to said MORTGAGEE, w ia~l prompt:y fo pay fully a~y premivm 1he:efcK p in ~ny respect fail a pe.for~, d~xhuge, execut~, effect, complaee, comply wi~h aad abid~ by th~s wvenan~. e~ anY pr~~ Fureof, ss~d MORTGAGEE ~nay p~ace and . pay tor s~+ch insuranee or ~ny part the~eof wirhovt wair;np a affectinp aey opuon, li~rti equity, w?igh~ undcr w b~ vir~„e of ~I,ts Mor~gape. and ~he full amc~nt of each and ~rsry wch paym~m shafl b~ immediately dw •nd payabk and shau bea. interesl from ths date ~t?aeof un?il pad at t1u •aes ol ~~rx per ce++~~m per amum and rogwther wi?h such inte~cs? shali b~ secured by tM lis~ ol fhis mort9ags. 1. To permir, comm;t a wffe~ :w wau~. impa'nment or deiaiwation of sa;d popcrty w any put thcreof. S. To pay all aod w~pvla tl» cwn, cha.pes and e:perue~, includirg s?eason~bl~ attwney • fee and cosn of abstrxts of tide, inc~rred or patd any time by said lN~RTGAGEE, becauss or in the event of the failuro a? t1+e part of th~ said NIORiGAGCR ro duly, promp~ly and fvlly pe.fwm, d~scharge. , execute, effett, compters, tomply with and ab~ds by each and evsry the stipulaf:ons, aq~eement~, condlt;on~, ~nd covena~rs oi said promisswy nore and ~h~s mortg+ye any o~ a~her. and sa~d cosb, char9ss and c:pcnses, each and wery, shall be irnmediately due and payabfe: whether w not ~here be not~ce dr msnd, afremp? fo colkct o~ suit p~~d~ng: and tM fvll anaunt of each u~d we.y wch paymen~ shaN bea. inre~asr from ehe dare rhereot unril paid a~ rhe r~ie of ~:~e per centum pe~ a~uwm; and ail s~id costs, charges and expenses incwred or paid, together wdh such interest. sl~all be ucured by ~he lien of th~i mwtgafle. 6. Th~t ;a) in the svent of any bre~ch of th~s 14lortgag~ w defautt on rhs part of tFse MORTGAGpR, or (b) ;n the svent ~ny of satd svms of money herein referred a bt rwt promptly ind fvUy paid within tlwry (30) days ~ea~ after the sam~ seve:ally become due and payable, withou! dcmaod w notice, or in the eveM each and ~very the stipulaiwr?s„ apreemeru~, cond;tions and covensnri et sa:d promiswry note and th~s mortgage any o~ either ar- not iuly, ~ompNy snd futly oeriormed, d~scMrged, execured, effected, completed, complied w;th and abided `ay, tF~cn in el+hcr or any tuch evem ths said ag greg+te wm menr;oned ln sa;d ~vo,niuory note then remai~ing unpaid, wi~h interes~ accrued. and all moneys secured hcreby. shatl become due and pa~ ebie for~hwirt,, w thNesfter, at the oprion of said MORTGAGEE, ~s fu11y ud comptetely as ii ~II ot the said wrns of mauy were orginally st~pu:attd to be paid on wch day, anything in sa:d promiasory note or in this Mortgage to tF+e contrary ~otw;ths~~ndin9; and tl+eYeupon a thereaftea a~ the opi~on of se~d MORTGAGEE. w~thout notice or dem~nd, suit ~t I~w w in eqviry, tlxrefo~s a thareafter begun, may be proxcuted as if all maroys secured hereby had matured prK:t /o ita institvtpn. 7. Tha~ in tF,e event tAat at the beg;nn;ng of a at any time pending any wit upon thq Mwtgsge, or to fe~eclox it, or to reform ~it, or to e~force payment of ~ny cla'~ms I+ereu~der, said MORTGAGEE shall apply to the Coun Mving jurisdrction thereof for the +ppo;ntmer?1 pf • Receiver, such Co~rf shatl fo~thw~rh apiw:nt s receirr of said mart9aged prop~rty all ud singular, inc~ud~+g all aod ~ing~la~ the income, pof~ri, iuues ~nd revenues trom whateve~ ao~ice de+i~ed. esch and every of wh~ch, it bcin~ eapreuty undastood, is F+ereby mertgaged as ~f speGfiully set fath and described in the granting and hebendum clauses hereof, a~d svth Receiver ahall have all the brosd and eHMive fvnctwna and powers in anywise entrusted by a Gou.t to a Receiver, and s:,:h appoinrmcnt shalt be m+de by such Caxt as an ~drnitted equity and a mane~ of absdute rght ro said N10RTGAGEE, and w~~hout teference to the adequacy a inadequacy af the wlue of the property mw~g~ged or ~o the wNency a~nsolvency of sa~d MORTGAGOR or the defendants, and ehat such renu, profits, income, iuves and ~ever~ues shall be applied by such Receiver acto~ding to the licn p equity oi said MORiGAGEE and ~he practice o( such Gourt. 8. To duty. prorr.ptly and fvlly ps~form, d~scMrge, exswte, effect, compkte. comply wirF~ and abids by e+ch ~a+d every the stipulaYans, ag*eerrKnts. condiiwns and covenanrs in said promissory not~ and this mortg~ge set forth. 9. Th~t i~ ~he event the ownersh7p of the mortgaged prrmiscs. a any put thereof, becomes vested in a person othcr tF?~n the MORTGAGOR. the A"•ORTGAGEE, iri succeuors and suigrts, may, without notice to tF+e MORTGAOR, deal with such successo? or successor in it?terest with reference to this mortgage ~nd the debt hcreby secured in the same maru~er as with Nbrtgagot without in any vcay vitieting or diuharging the 1Norrgagori liability FK~r under or upon the debt hereoy secured. No s~1e of the Fremises hcreby mwtgsged and no fwbearanu on t4se part of Ihe MORTGAGEE or its successws w ass~gro and no e:tension of the time for the parment of the debt nereoy secured given by the MORTGAGEE w its successors w ass~gns, ai?all operare ro reiease, d~uharge, modify change a affect the oaigir~a! liab+Lty of the MORTGAGOR hercio, either in whole w in parl. 10. p is spec:fic~lly ~greed that time is of the esunce of this co~tracr and thal no waiver ol any obtigat~on hereunder w of the obligsfion sr cured herelry sna11 at any time thereafter be held to be a waiva of the terms hereof w of thc instrvmeM secured herby. I 1. In add~t~on to the fwego:ng monthty paymcn~s oi prin~ pal. and imerest required by the pran~ssory nore secured }~ereby, mortqagor covenants and ag~ees to pay to mortgsgee with exb monthly paymenf an sdd;rional sum estimated by mortgagee to be equat lo t j 12 of the annual cost of the Eotlow- in9: A-All real property tsxes Ievied w auessed agairyt the above dewibed real esfate. B-Premiums on ilre and windstwm insurancr as Aerem required to be carried on the improvemeats situate o~ the above desuibed p~c~~ises_ G-Premiums on such matgage guaranry insurar.te as moregagee shall from t~me to tirtK dcem fit to carry on the toan secur~J hereby. Mortgagee shail from time to time norify mortgagor in writing of the arnwnt due and payabk her~ncier ~nd such su:n shall thereupon be due end r~yable on the due date of the next monthly payment and each successive month tF?creafre~ u~til mwtgagee shall noti(y rrwrt4agor af a thar.ge in s~ch a^,oun1_ 5uch sums sFaJl be applied by mortgsgee towud the wyment of real property taxes, insurance p?em:ums, a~~d murtgage guaraniy insurance p-emiumt_ IN WITNESS LVHEREOF, the said MORTGAGUR has hereunio set his hand and seat the day a r f'ast ~for id. , D Signal, Sealed delivered en the p~ese~ce of: % ~ an A~ ert t~ _ t~.-c~- ' ~ . Sean . : Seaq ~ STATE OF FLORIDA ' ~auHnr oF Dade # - ~ Befwe me personatty ~ppesred Alb _it W D~ 1 hoy ' ~ ' a~ --i~- ' Suzanne M. Dilthev - his wife, ~o ,Nen ~„?'~,;4~,a k' Jv:,,~ ,o t~ ' ~he individwts described in and who executed the fwegoing instrumcrtt, and adu~owkdged before me that they exetuted tF~s.same~tle~urposes ~ rherein expressed. And the sa~d_ $»~nn M p' ' t J_, w:fe of the said ~ udpq a,~ep~,ate ~ prirate i exam~nat~ by me taken sepaaate and apan faom he~ sa;d busband, ackrw„vledged fo and before me tF»t sF+e executed 33' jmv__ t I arid votun- { ta"~Y ind w~shoul any com~uts;on, constraint, apprs~~on, a feu of a from ~sd ~sband. WITNESS my Mnd and officisl seal thi~ d day of ~TC~ p, D. T9_ 7~__ 1 . Notary Public in s w State of Fbrida at large My co~us~ ~IIlRRRY PUBLIC. STrlE oi FLQ4lD!~ at LJIRGF Retu:n Ta IifiY CaMR'~S31~EJ FJCPi.ri;."3 !UiJ. 7: IS74 First Ftdera) Savings 3 loa~ Association BONDED THROUGH fREO iL. OIESTELtiURSj Of fort Pierte. Fort P~erce, florida f(tfU AN~~ !+ECORDED ;T. IUCIC COiiNTY FLA. This Ir~strument Prepar~d By Richard K. Kayes ~ RO~;F ?~~ttRAa t1ER?, r:..t~~tT COUBT First Federal Savings ~ Loan Association RECOR?: ic~ ~,c~~ of Fort Pierce , FloYida Checked By .J~ M~ ~ 1 9 19 ~M '13 ~~oK 211 PdCf 23~1 249395 ~ ~ . : ~ - - - - - - _ , f . , ~ ` ~ , ~ 4 ~ . ~r., ~ ~