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HomeMy WebLinkAbout0267 To p4ce and continuousty keep o~ the bui!d~ngs now or Mreatter situu~ on said I~od and ori a!I eqvipment and p~?~on~lly tovered by this ma~¢ ap~ wilh all psmi~ms lhereon pa~d in (ull, fire insuranca in Ihe usual st~nd~rd polity fo~m, in a fum ~pp~oved by tht MOR(GAGEE, ~nd winditam i~sw~nce in tM uswl ~tanJard poGty twm, in ~ sum app.oved by Ihe MORIGAGEE, in such company w companies as tM MORTGAGEE may dirKtp ~ed ~II (ire and winds~c~m insurance poliuea oo any of said build~n~~, any interesl ~herein ar pa.t thereol, in tF» a9grr9a~e sum da~qid w In excess Ihereof, shall contain the ~sual slandard mortflagrs ciause a such othav dau~ a~ tM Malgaqee may requ~rs, makinq ~he loss under ~a~d pot~ ciss, each and eve~y, payabie ~o iaid h~ORTGAGEE as its imerrir mey eppaar, and cach and e~ery tuch potity shafl be promptly ess.gned and de?ivercd to any held by said MORTGAGEE +s (urther securitY Io said mwtyage deb1, and, not less than ten (10) days in sdvance of Ihe expiratia+ ol cach poticy, to d~- liwK to ~aid MORTGAGEE a renewal the~eof, tofle~hH with a receipt Ior tix Q~smium of tuch renewai; and the~e sAatt be no f~rs or wind~to+~r. insu~ance plxed. on a~y o! said b~ilding~, ~ny inlerest therein or part thereof, unless in the (orm and with 1M loss p~yabl~ as afaesaid; and in ths evenl any ~um of mpney be~urnes payable under such "polity a policies iaid MORTGAGEE shall have ~he apt~o~ Io rKeive and apply ~he san~ on account o( the i~debted- eeu secured herQby a fo permit said MORTGAGORS fo reteiva and uie 7t p any part theraoi for o:hcr purposrs, W~~~1GJf th~.ro~ wa~~l~~g ~a~palr- ing any ~qu~ty, lien w right under w by vir~ue of this mo::gage; a~d in tha svent sa~d MORTIiAGORS shall iw any reason taif fo keap the said premisrs w insured, p~ f~il fo delive~ promptly •ny of said polKies of insurancs to said 1NORTGAGEE, w tait promptty to psy Fuify a~y prerri~um the+eta o? in any ?esped fail to periam, d;scharge, execute, e(fect, compkt~, comply wi~h and abide by this covenan~, or sny part he~eof, said MORTGAGEE may place and pay for such insurance or any part thereof w~thout waiving a afFecting any option, lien, equ~ty, o~ righ~ ~undcr w by virtue of ~his Mor~ga9e, ~nd the fvll amount of each ar~d every such payrr~nt ;hall be immediately due and payabls snd ahell bear interest from tha date thereo( until pa~d at the ~ate oi nine par teroum per a~n~m and togethe~. with such interest shali be secured by the lien of this mortgage. • 1. To permit, commit w suffer no waste, impairment w deterioration of said p~operty p any part thereof. S. To pay ell and singular the costs, charges a~d expenses, including a reasonable attorney i fee and costs of absiracts o1 titte, incurred or paid at eny time by said MORTGAGEE, beca~se or in the event of tha failu?e on the parl of the said MORTGAGOR to d~ly, promptly a~d ~ulty pe~lorm, d~uharqe. >xecute, effed, comptete, comply wilh and ab:de by eath a~d every the stipulations, agreements, conditions, and covenants o( said promissory note and this mptgage any w eitMer, and sa~d costs, charges and expe~ses, each and every, shal! be immediately due and payable; whelher w not there be notice do- mand, attempt to collect w suit pending; and the ~ull ainouM of each and every such payment shall bear interes~ from ~he date thereoi until paid at the ~~+e of nine per centum per aru~u;n; ~nc~ all aa~d costs, charges and eapenses incurred or paid, together ~vJh suth interest, shall be secured by the Iren of thu mwtgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the A10RTGAGOR, w(b) in tMe event any of said sums of money herein referred to be not promptly and lully paid wirhin thirty (30) days next ait•:r ihe same :everally becomg due and payabte, without demand or notice, or (cj in the event each and every ~he stipularions, ar~reemenrs, cond;tion3 and covenants o! sa~d promiswry note and th~s acortgage any or either are nol l~ly, promptly and iully performed, d~scharged, exetured, effected, completed, complied with and ab~ded ~iy, then in e~ther or any such event Ihe s~id ag ~regate svm mentioned in said promissory note then remaining unpaid, with inrerest accr~ed, and a1! rnonrys setured hereby, shall becort~e due and pay- able fwthwith, or thereaiter, at ~he option of ~aid MORTGAGEE, as fully and completely as it all of the said sums of money were a~ginally f~~pulated to be paid on suth day, anything in sa:d promissory note a in this Matgage to the contrary norrvi~hstanding; and thereupon w thereafter at the oprion af said MORTGAGEE, withavt not~ce or demand, suit at law a in equity, therefore or lhereafter begun, may be prosetuted ss if all moneys secured hereby had matured pn0? to IIS institution. 7. Thaf in the event thal at the beginn~rx3 of or at any time pending any suit upon this Mortgage, or to fwetlose it, or to reform it, or fo enforce payment of any daims hereunder, said MORTGAGFE shall apply to the Court }wviixJ jutisdict~on thereot 1or the appoiMment of a Receiver, such Court shall fcrthwith appoint a receiver of said mortgaged property all and singvla~, includ~ng aIl and singu~ar ~he intome, profits, issues and reven~es from whatever sovrce derived, each and every oi wh~ch, it being expressiy underuood, is hereby mortgaged as i( spec~fitally set forrh and desu'ebed in /he granting and t~abendum ctavses hereof, and such Receiver shall have alt the broad and effect~ve iunct.ons and powers in anywise entsusted by a Cou~t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a ma~ter of absolute right to aaid MpRTGAGEE, and withouf reference to the edeqvacy or inadequacy of the value of the property mor~gaged or to the so~vency or insolvency o( said MORTGAGOR w the defendants, and that such rents, profits, income, issues arxl revenues shall be applied by such Receiver according to the lien ot equity ot said MORTGAGEE and tF~e pracfite of auch Court, 8. io duty, promprly and fully perforrr., d~scharqe, ezecute, e;fect, compfete, cornply w~th and abide by each and every the atipulatians, agreements, conditions and covenants in sa~~ promissory note and this mortgage set fwth. 9. That in the eve:,t the owne~ship of the mortgaged premises, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the ~'•ORiGAGEE, its successors and asssgns, may, without notice to the MORTGAOR, deal w+rh such suctessoa a successor in inte?est with reference to this morrgage and the dett hereby securzd in the same manner as w~th Mortgagor w;thout in any way vit~ating or d~uharging the Mwtgagors' liability herr under w upon the debt hereby secvred. No sale of the premises hereby mortgaged and no forbearor,ce on the part of the RApRTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate to release, d~scharge, modify change o~ affect the o~ig~nal lia~~lity of the MORiGAGOR he~ein, either in whole w i~ part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obtigation hereunder w of the obligation se- c~red hereby shah at a~y time fhereatter be heid to be a vvaiver of the terms hereof or of the insrrumeM setured herby. 11. In add~tio~ to the forego:ng rnonlMy payments of pr~nc'pal and interest requ~red by the promissory no~e secured hereby, morfgagor covenants and ag~ces to pay to mo:tgagee ~nith eath monthly payrnent an add~rional sum est~mated by matgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-AN rea! property tazrs levied or assessed aga~nst thc above descri5ed reat estate. B-Pram~u•ns on fir~ an~ v.indstorm insurar.ce as herein requ~red to be ca~ri~d on the improveme~ts situate on the above d_scribed premises. - C-Pre~niums on such mo:tg;ge guar~nty inwrance as mortgagee shail from. t me to time deem fit to tarry on the loan setured hereby. Mortgagee shall from t~me to time notify mortgagor in writing of the amou~t due and payable hereunder and such sum sha!! theteupon be dve and rayable on the due oate oi the next rs5onth~y payment and each successive month thereafter urtil mwtgagee shall ~otify mortgagor of a change in suth a^~ount. $uch s~ms sha~l ~ applied 'oy mortgugee toward the payment of real property taxes, ins~ra~te prem:ums, and mortgage guaranty insurante p•emiums. IN WITNESS Y~HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 5igned, Sealed and delive~ ' the presence of: _ r\~~ J _ , /J fti-~ ~~i~v - r` C~ R b Z P i1 (S~aq ~ Geozga e Per~ce ~a~ ~ STAiE OP fIORIDA ~ I $t.' I.I~Cl@ SS' COUNTY OF _ ~ ~ Robert A . Pence ~ Before me personally .appeared a~ ! Georga~ne Pence his wife, to me well known and knowo to me to be ~ the ~ndmduals described in and who executed the foregoing instrument, and edcnowledged before me that they executed the same for the purpoxs ~ therein expressed. Md the said Georgt~nne Penee ' wile of the said ^ ROb r A P n vpon a separate and private i examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed sai~ instrument freely and volun- ~ tar;ly and witFout any computsion, constraint, appre r fear of or from her sajd husband. WtTNESS my hand and officiaJ seal thiL y ~rCZl p. p~q, 73 da rof ~ ~a , olary Public in and i the Stat f Flor' 'at lsrge / y Commission expires: Ret~rn io: % Firs! Federal $avings a Loan Ass~tiation ' Of Fo•~ P~«~. Nar~~r pue:IC, S1ATE of FCORIDA et IARGE For: Pierce. Florida fllfa ~tND RECoR MY CO':~~IISS'~7 EX~IRES QfC. 29, ]975 • ~ SL LUCIE COUNTY qpnded ~ n~u Ger,eral Ir.surance underwr.ters. ~ ROCER POITqA= ~ ! ' CLERK CIRCUIT COUA ` ' RECOP. _ ~ , ~ 0 VE!I~i1E0 ~ - c . i This InstrumeM Prepared By Gaty R. Bll~roOd i First Federal Savings 8~ Loan Association ~ 28 3 s•j P~ 1?~ ; 3''~(~ i,~ R i, r~~' ; of Fort Pierce , FZorida - ' _ ; ' , , _ ``_ft : 2S0054 ~ = ~ = o 0 4 ~ { ~ ' Checked B ~ _ ; y - ;9..•..rUe~~c -,y~,.'. - , , ~ : ~ e~~K~1`~,' PACE 2s7 ~y'''%,°~'fcoR~~> :r, y . ~ I ~ , - - _ - - - - - g b ~e:. . ~ ~1 ' yx, I . - ~ Y''er!x j ,R`.'„~ ~ . .,~rry"..:K'~...