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HomeMy WebLinkAbout2317 3. To place ~nd con?inuously lccep on ~M bui'd~n9s naw or hareafts~ ~~evaq on said lsnd and on all equ~pnre+t and panonatiy :ove+~d t/ ~h~t mwt9- eq~, wi~h •11 premi~ms the~ea? pa~d iq full, f:re ins~rance ~n the usual standa~d poiicy fwm, in a sum appro~eJ b~ the MORtGAGEf. +nd w~nds~am inw~a~c~ i~ the uswl a.ndard pol:cy furro, in a sum approved by ~f~e MORTGAGEE, ~n wch canpany w carpa~~es as 1M MORiGAGfE n+ay d'uec~, ~nd all fi~~ and winJs~orm i~surante poliues on any of ~a~d build~~s, any in~ersst ~F+erei~ or paH thereot, in ~he agp.s9ae~ wm afaew~d w in exceu ~h~reof, shall con~a+n tM u:val a+a~Jard mor?gag~e clauie a such o~M. ctausa as eM Morrgagee may ~equ:r~, makinp ~hs Ioss u+~ds~ sa~ po1i~ des, sach ond ~ve:y, payabta ro said MORTGAGEE as its ~nterrft may app~a~, rnd each aod every suth poi~cy sha11 be RrompNy asspn~d ~nd de~~ve~~y! ro ~ny M:d by uid lNORIGAGEE as furtha securi!y tu sa7d maty~aqe debt, and, no~ leu ~ha~ ~en (iC) days in ad~ance o/ the •apu~t:an of tach poi~ty, to da IivN ?o taid MORTGAGEE a re+xwal thereoi~ toyNhta with a rete~pl fo~ the prem~um of such renewal; and ~Fu~e shaq be ~w i.~t a w~ndsio+m ins~~ai+c~ plsced on a~y of ird buildi~ps, ony intere~l thtrei~ ot par~ ~he~eoF, unless ~n ~he to~m and wi~h ~M ~oss payable as siaesaid; and in ~FK event any sum of money becpnaa payabla ~nde~ tuch policy or policies said MORTGAGEE ihall have +he opt~ort eo ~etai.r a,~d app!y the sam~ on accoun~ o( ~Ae i„dab~rd- nlti lKu~lf~ hdttby w 1o pttmil said MJRTGOGORS to teteive and ut! It W dny pJ~t ~hrreof Fw olii~t pu~E~Oirl, w~~h;.u~ Ih_~~o/ w~i~~:ig O~ uu~t~r- ing any equ~ty, I~e~ c~ rtght under w by v'utw ot this mo:ega9e; and in the event sa~d MORTGAGORS shalt to~ a~y reason fait ro keep the :aid premisrs so insv~ed, w(all to de~+ver aomptly any of said polK~es of inaursnce to sa~d MORTGAGEE, ev fa~l prompely to pay futty ~oy pre~nwm ~herefor w in any ?espect fail q pt~fum, d~scharg~, execute, effect, complete, comply with and ab~de by this mvenant, p ~ny part ha~eof, sald MORiGAGEE may p~ace a~~d pay fa such ir+sursncs or •ny ~rt lhereoi w~rhoul waivirg a•ffectinq aay option, lien, eqvity, or r:gM undN or by vi~tve of this Mor~gage, and tF+t full smount of each and evsry such paymem shall be immediately due snd payable and shall bear inte~est f~an ths day thereof unul pa~d at the rate ot nine pe~ centum per annum anrl to~ether'with such intcr.:st shail b~ ser~ued by tf~e lien of this mortysgt. 1. To permi/, tommit or suf(c~ no M•aste, impairment p deserio~ation of said properry p any pa» thereof. 5. To pay att and iirg~lar the costs, charges and expe+sxs. ~nclud;ng a reasonable ~nomey'a Fee and costs of abirracts of tirte, incurred or pa~d at eny time by said MORTGAGfE, because o~ in the event of the failure on the part of the said MOQTGAGOR to duty, promptly ~nd fully perform, d~xharge. execufe, effea, tonptete, comply w~th and ab'de by each and every the stipuiations, a9reemenn, conditions, ar~d covenants o~ said p+om~ssory note a~d ~his mwtgage any w either, and sa~d cosn, chargca i~d expenses, each an.i every, shall be immeciately due and payabte; whether o~ not there be norice d~ mand, attempt to colkct w wit pend~ng; and the full art~ount of each and every such payme+,~ shall bear interos~ from iFK i>~e ~hereo: unril paid at the rate o! nine aer crntum p~ aruwm; and ali said tosfs, tM.ges and exptnses inturred or paid, togelher ~v.th suth intuest, shall be secured by the tie~ of th~a mcrtga~e. 6. Ths1 (a) in ~he eveni of any breach of this Mortgsge w defaule on rhe part of thc MORTGAGpR, w(b) in the event s~y of sa:d sums ot n+oney herein referred to be not promprly and lully prid within thirty (30? dsys nea/ a:re? th~ sanx uverally become due and payabla, wi~houl demand or noeice, or (c) in the evem each artd every ~he stiputations, agreements, cond~tions and covenanis of sa.d p.omisaory ~ote and th;s mwtgage any w e~~her are no~ ~uly, promptly and fuUy performed, d:xha~ged, executed, tffccted, completed, compi~ed wi~h and ab~ded 5y, then in e~?her a any :uch e+rent ~he sa~d ag~ gregate sum meniioned in said p~om~ssory rwte then remaining unpaid. w~tA interest accrued, and aQ moneys secured hcreby, shall bccome due and pay- ab!e (orthwi~h, w thereafter, at the option of said MORTGAGEE, as f~lly and comple:ely as if all of the sa~d sums of mooey were a~ginaliy st~pulsted ro be paid on such day, anything in sird piom~aso+y note a in th;s Mwtgage to the contrary notw~thstanding; and thereupon or thereaftea af the opuon of sa;d MORTGAGEE, w~thout rwtKe w demand, su~t at law w in equity, there(we w thereat~e~ begun, may be prosecWed as if all rt~w~eys secured hereby had matured prro. ~o ~n ins~~rutia,_ 7. That in the eve~t tha~ at rhe beginn~rg of or at any tims pendinq any svif ~pon rh;s Nlor+gage, or ro fweclose it, w to ~etwm it, or to e~force paymer,t ot any claims hereunder, said MpRTGAGEE shall apply to the Cour~ having jurisd~aion ~hereof fo. ~he appo~ntment of a Receive?, such Cour~ snall forehwith appoint a receiver of said morrgaged property all and si~ulsr, irxlud~ng a(1 and s~ngutar the income, prof~ts, iuues and revenues frcm~whatever :owce derived, each and every of whlch, it bein9 expressly unders~ood, ia he~eby mortgaged as if spec~fically set forth and described in ~he gran?.ng and hahendum clauses hereof, a~d su:h Rcceiver ahall have atl the pread and effective tuna~ons and powers in aoywise entrusted by • Court tc a Aeceiver, and soch appointmcnt thali be madt by such Courr es an admitted equety and a mslter of absolu:e r~gM to said MORTGAGEE, and withoui refercnce to the edequacy o~ insdequacy of the va:ue of the property morfgaged u to the se!vency or ~nsolvency oi sa~d MORit,AGOR w the defendants, and that such rents, profin, income, issues and revenuea ~?afl be apptied by such Receiver acco~d~ng to the lien or equity o( ssid MORIGAGEf and the p~actice of such Cour/. 8_ To duly, promptly and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and th;s mortgage set fath_ 9. That in the event tMe ownersnip of fhe mortgaged Frern~us, w any part thereof, becomes vested in a pe~sor~ olher lhan the MORTGAGpR, the A'.ORTGAGEE, its successors and au~gns, may, w~rhou~ notice to the MORTGAOR, deal w~~h such succcssw w succeuw in interest wi~h re(erence to this mo~tgage and the debt he~eby xcured in the same manne~ ~s with Mor;gagor withovt in any way vitiating or d~stharging Ihe Ntortgsgors' liabiiity hero- under w upon the debt hereby secured. No ssle oi the Fremises hereby mortgaged and ~o torbearance on the part of the MORTGAGEE a its successon or assigns and no extensio~ of the time fd the payment of the debt hereby secured given by the MORTGAGEE or its s~rccessws w au;gns, stwll operate io releau, d;scharpe, rtadify change or affect the origina( liabiiity of the AM1URiGAGQR herein, either i~, whoJe a in pa~1. 10. It is specificalty agreed that time is. of the essence of ih;s connau and that no waiva oi any obligation herevndrr or of the obligation se- cured hereby shaH at any Yune ~hereafter be held to be a waive~ of the terms I~~eof or of the instrvmem secu.ed hcrby. 11_ In add~tio~ to the forego:ng mo~thly payments of princ'pal and interest requ~red by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to rrw:tgagee wilh each monrhay payment an addirio~al svm est;mated by mortgagee ?o br equal to 1,'12 of the anr.val cost of the follow- ing: A-A!I r~al Fxoperty taxes levied w assessed agaivsf the above dexribed real estate. B-Pr~~rr:iu+ns on fire and wintistwm insu~artce as herein r~qu~red to be carried o~ the :mprovemenh s~t~te o~ the above described premises. C-Premiums on such mortgage guaranty insvrar:ce as mo+tgagee sAall frcm r;me ro t;me dae:n fit to ca~~y on tFK ban setu~ed hereby. Mo?tgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereundrr and auch sum shait the~evpon be due and Fayable o~ the due dare of ihe ~ext month:y payment and each successive month thereaft:r ur.ti! mortgagee shall not;fy mortgagw of a cha~ge in such a^ovm_ Such sums sF.a!i be appiied by rtartgagee toward the paymenr of ~eal property raaes, insurance prem:ums, and mongage guaranty insurance p•emeumt. Y~fTNE55 WHEREOF, the said MORTGAGOR has hereur.to set his har.d and seal tfie day and year first afwesaid_ S' ned, Seale a de!dv e i~ t e resence oi: 7~~//yfL'9y`/(/"' ~5 aq . (Seaq ,i~ ~a~ , STATE Of fLORIDA ' ~..~t•-~~~v~'': f caur,noF St. Lucie ~ u- ~ ;::''y~" ~ . Bobb Johnson ~ ~ ~ ~ ~ ^ ~ . Before me personaliy appeared - Y _ _ i ~ { - . - Virginia Johnson his wiie, to me we!!~ a~ kr~wn fo me tq bj the individuat~ described in and who executed t}~e f~j ~goi insVumenL r~d~a~ck nsledoed before me that they exec syme for't~ie rpo~s therein expressed. And the uid M~-~~inla J. J ll OZl ~ - ++~(e of the said BO j/ .j0 riSOTt ~ i_~~~~-''- examinat:on by me ta4en separate and apart from her said husband, adcnowtedged to and befwe mt that she executed said ir~stl8~~~~ f~ee+yt.~Yld roluo- rar;ly and ,r~tho~t any computsion, constreint, spprehe~s~~~ q fear of w f~om her said busband. WITNESS my hand and official sea! this da of y ~ ~"'r~' Y Februar ' A, D. 19 73 iVotary Publit in and i the ate of Fbrida d Large ^ My Commission expires: Return To: 'T~ , First F :tu••,•?. 'tiC. S~r~?_ ederal Savings 8 Loan Associat~on d EIORIpI~ ~(~oE l-~~~ ~:~::,~i EX?tRES IAN. i9n Of Fort P~erce. ..::.~cf C~ l.~t.;j~~ gyr~R lr~Yqpq fort Pier~e, Fiorida ~ This tnstrument Prepared By R. L. Stutz E~~F~ ~•tL afC0+~0ED Fersi Federal Savin s E~ Loan Association gT.IUC~E_~a~MQ~ F~A. 9 ~(~Gz. AS ~ of Fort Pierce , Rlorida~ C~fRK ~~j ~D~~t n Checked By~_~ aer~r~ +'f ~ ~ ~Z 9 i9 AK'~3 ao~x 211 PACE 231~ ~ 24939`7 ~ _ - - - - - f ~ ~ `+~_''.-'^'~`~~~''~~~~~'~~~'~..r r-.~~ . . ~ ~ ~ ~1~ - - ~t-