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HomeMy WebLinkAbout0152 . To plac~ a~d con~inuo~siy keep on ~hs bui!d~ny? now w M~~af~~~ ?;tua~ on said land and on ~N equiprrKe~t and p~rwnally cove«d by thi~ mw~p~" • p~. w~th aN premivrry ~hereon p~;d in ivll, fire inturanc~ in tfN utwl iu„dard policy lam. in • wm approv~d by Ihe MORiGAGEE. and wind~~o~m ' i~suranc~ in tM u~u~i ~ta~dard pol~ty fwm, in • ~um approv~d by tM MORTG/1GEE, i~ a?ch company a compani„ ~s ~1+~ MORTGAGEE may ~ dir~cl ~nd all fi~~ and winditarm inw~~nos pot;cies on an o/ said buiWi s, ~n le?brt~t tM~~in w rt tM~eof, la IIN • r ~ t Y Y W 99 e9+~~ avm ~faeiaid w in ~xceu ~heraof, ~hall com~in tM usual stu,dard ma~qpye~ claus~ o~ such othe~ davs~ ~s ~h~ Mw~qa9a may rpucr~, makinp ~M lo~~ unde~ sa~d poti. ciq, each and way, payabt~ ro taid MORTGAGEE as iti interest may appeu, ~nd each and ~very tvch policy sh~p b~ p~omptly a~s.9ned and delivaed to any held by said MORiGAGfE ~s furiber iecuri~y to uid mor~g~y~ debt, and, rat I~u than t~n (10) days i~ ~dvance oi ths ~xpir~tion of each policy, to dF liwr to iaid MORTGAGEE a r~newal rh~~wf, to~~F~ wifh a ~~ceipt fw ~M p.~miwn of ~uch ~enewal; u~d tl+e~e shafl b~ no f~ra o. wind~ram inivranc~ pl~nd on ~ny oi iaid buildirgs, ~ny intere~t there~n or pa» tMreoi, unleu in th~ fam u~d wi~h tM loss payabl~ ~s ~fa~i~id: and in tM tv~el any sum of mwwy becomes payable unde~ such polity w pol~cies ssid MORiGAGEE shall luv~ ~hs optio~ ~o ~eceive and apply the suns on accouM of tM indabted- nefs slturtd F?ereby w W pe~mit said MORTGAGORS to rKeive snd us~ it w any parf thercof for ahe? purposes, wi~hout Ihareb~ waivi~ig or ~mpair- ing any equ~ty, lien a righl under w by virtw of this mo::yage; u+d in 1M tven~ said MORTGAGORS shall fa ~ny ~eason fai) to keep the said {xemis.,-s ao inswed, or fail to detiver pranptly a~y of said policies of insu~ancs fo u~d MORiGAGEE, or fail promptly to p+y Fully any premium the~efp o~ ln any respect fait to parE«m, d'+scharge, execute, efied, complete, comply with and abids by this covena~t, a any part hereof, said MORTGAGEE may pi~ce and pey fw tuch insurancp w aoy part thereof without waiving or affactinp any opt'wn, lien, equity, w rigM unde~ oa by virtue of this Ma~ya~e, and ths f~ll smouM of each aod everyr such payment shal~ be immedistely dw and payable and shall besr interest lrom the date ~hereof until paid a1 the rate ol nine per centum per ann~m and toge~he~ with such in~e~est sha~l be secured by the lien of Ihis mwtyage. To permit, commit w euffer no waste, impairmenl o? detraration Of said property or any part thereof. 5. To pay all and singulu the costs, charges and expenses, including a reasonable a?twney's fee and costs of abstrads oi titte, incurrod or paid at any time by said MORTGAGEE, bccause w in ~he event ot tho failure o~ flx parl of ths said MORTGAGOR to d~ly, p~omptty and iu!ly perfwm, d~xharge, axecute, effeU, complete, comply w~th and ab~de by each and every the stip~iat~ons, sg~eements, conditions, and covenants of said promiswry note and thw mortgage any or e~~he~, and said cosh, charges and axpenses, each and every, shaN bs immed~ately due and psyable; whether a not thero be notice d~ mand, alltmpt ro coflect or svil pending; snd the full amount of each and every svch paymeM shall bea~ interest from tF?e dare thereof umil paid at the rare of nine per centum F,er am~um; and all said costs, tharges and expenses incurred w paid, together w~th such interest, tMli be secu~ed by the lien of this mort9agq. b. That (a? in t}~e evenf of any breach of lhis Mortgage or default on tM part of Ihe MORTGAGOR, a(b) in the event any of ssid sums of money herein referred to be not promptly and f~Ily paid wiihin Ihi~ty (30) days nexe after the same severally become due and payabte, without demand a ~otice, or (c) in ti?e event each and every the stipulations, agreementa, cond;tions and covrnants o1 sa:d promissory note and th~s mortgage any a eitFxr ~re rwt ~uly, prpmptly and iully performed, d~xharged, executed, effected, completed, complied with and abided by, then i~ either o~ any such eveM the said ag gregate sum TC~tipnCtl in said promiuwy note then remaining unpaid, with interest accrued, and all moneys aetu~ed hereby, shap become due and pay- able fathwirh, w thereafter, a~ the opt~on of sa~d MORiGAGEE, as fvlly and compfetcly as if all of the wid wms of money were originally s~~pulated to be paid on suth day, anything in sa:d promiuwy note a in this Mwtgage to the contrary notwithstanding; and thereupon a thereafter st the option of sa;d MORTGAGEE, without notice w demand, suit at !aw u in equity, therefore or lhereafter begun, may be prosecuted as if ail moneys secured heroby nad matured pno~ fo ~h instifution, " 7. That in the eve~t that at ~t+e bcginning of or al any time pendi~g any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims hereunder, ssid N~ORTGAGEE shall apply to the Cour~ havi~g ju.isdic~~on thereot io? the appointme~t of a Receive?, such Court shall Forrhwith appoinl a receiver of said mwtgaged property all snd aingulsr, inclvdmg aIl and singular ihe income, p~ofds, issues and revenues from whatever source derived, ea~h and every of which, it be~ng expressly unders~ood, is hereby mortgaged as if speuFicalfy set forth a~d detcribed i~ the granting and habendum tlauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entru~ted by a Court to a Rtceiver, and s~ch appointment sha11 be made by such Court as an admined equity and a matter of absotute right to said MORTGAGEE, snd wirfwut reference to 1he ; edequaq or inadequacy of the vafue of the property mortgaged or to the so+vency w insolvency of said MORTGAGOR or the defendants, and that such ren+s, profits, income, issues and revenues shall be applied by such Receiver acc«d~ng to the lien u equity oi said MORTGAGEE and the prutice of such Court. 8. To dufy, promptty and futly perform, discharge, execute, ¢ffect, compJere, comply wilh and abide by esch and every the stipulations, agreements, conditions and covenante in said promisswy note and this mortgage set forth. 9. That in the event tF.e ownership of the m.ortgaged premises, w ar,y part ihereoi, becomes vested in a perspn other than the MORTGAGOR, the I~!ORTGAGEE, its successors ar.d assigns, may, wi~hout no~ice to the lt:ORTGROR, deal with such succeuor or successor in interest with refe?ence to this ~ mo~tgage and the dabt hereby secured in the same manner as with Mortgagor withovt in any way vitiating ~ dixharging the RAortgagors' liability FKre- 3 ~nder w upon the debt hereby secured. No sa{e of the premises hereby mortgaged and oo forbearante oe the part of the MORTGAGEE or its successon t or assgns and no ex~ens~on of rhe rime for the payment of the debt hereby secured yiven by the MORTGAGEE or i!s succeuws or auig~s, shall operate i to release, discharge, modify change w affect the original liability of the MORi('iAGOR herein, either in whole or in part. ; 10. It is spec~f~cally agreed that time is of the euence of this co~tract and that no waiver of any obligat~on hereunder a of the obligation sr cured heroby shali at any time thereafter be held ro be a waiver o( the terms hereof w of the instrumem secu?ed herby. 11. In add~tio~ to !he fa~ego:ng monthly payments of print'pat and interest required by the promissory ~o!e sctured hereby, mortgagor covena~ts ar,d agrees to pay to mo:tgagee w~th each momhiy payr,,ent an add~~ional sum es~unared4y ~igagee to be eqwl to 1/12 of the annual cost of the follow- ing: A-A? real property tazes tev~ed or assessed agai•~st the above described ~eal es~ate. B-Prem~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ri sitvate on the above described premises. C-Premiums on such mortg;ge guaranty inwrar,ce as martgagee shall from t~me to time deem fit ro carry on the loan setured htreby. - Mwtgagee sha:l from time to t~n:e no+~fy mortgagcr in writing of the arr.ount due and payabte hereunder and such sum shall the~eupon be due and 3 ~ayable on rhe d~e dafe of the next monthly paymem and each successive month thereaf~er ur,til mort a ee shall notif mon a or of a cha { 9 9 Y 9 9 ~+ge i~ such S a•-:ount. Such sums shail be applied by mortgagee toward ~he payment of real propeny taaes, insurance prem:ums, aix! mortgage guaranty insurance o~emiums. i IN YJITPJESS WHEftEOF, the sa~d MORiGAGOR has hereunto set hiz hand and seal the da and y y year first aforesaid. t Signed, Sealed and deiiver in the presence of: : n ~ a4 t ~ , Seaq ~Sea~ SiATE OF FLORIDA ~ ~ , tOUNTY OF St . Lucie ~ . Befwe me personally appeared Jay Ha rold Roberts, .jr • and Janiee p• RO~Its his wife, to me well known aod known to me to be ! the individvals desuibed in and wFw cxecuted the foregoing instn~menf, and at4nowtedged before me fhat they executed the same for the purposes j ~herein expressed. And the said Janiee P. Roberts - ~ ++~?e of the said Jav Ha rold Roberts: .~I' ~ oppls a sepsrate and private examination by me taken separate and apart from her said husband, adcnowledged to and before me that s~x executed said i~utnrment freety and volurr ~u rarily and withouJ any compulsion, constraint, apprehensi fear of or from her said hvsband. ?~'.';?t!'~: ' WtiNE55 my hand and offiuat seal thit day of - ' ~q 73 i . No ry Pubtic in and or ' q of tdori~. a . ' My Commission expires: ' • e-- ' - Retum To: ..,i• ~ First federa! Savings ~ toan Associafion ~i v:• J V:~ Of Fort P:erce. . ~ . ~ ~ ~ Fort Pierce, Florida ~ ~ , ' ~ • ~ • ~ ~t= ~ ' FtLED a~t~ 3EZOR~EO • '1~ V St- l'3.^•ii COUl1TY PU. ` . , R~Cf = ~ C~~~S This Instrument Prepared By JOhi1 M. COllins ~~fK'~ ~~titT COYRT First Federal Savings & loan Association pFr',:~^ y_~;r~F~~` of Fort Pierce , F~o=i~ ~ ~g 41s PH'.73 249g~9 Checked By 1I~- gfloK 2~2 ~~E 152 ~~'A ri..._a vv"~3Y~~'~5'~~.v.....~r~~ .~t " _ . . f_ ' ~ _ ~ ~~€`~N~r~~Pk k- '