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HomeMy WebLinkAbout0960 To plx~ ~nd COMiflYOUtly kNp pl Ihf bui!dir?~f nOw Or M~NItN UtWN WI f~~d land and on a{I eqvipmcro ~nd p~rsonally cove~ed by this inwrq~ with all pr~miwns iheroon pa~d i~? full. lin inswanc~ in ~M uwat tif/dMd PO~ity ~OIRi, in • swn approv~d by tM MORiGAGEE. ~nd winds~am in~wanc~ h th~ ~~wl s~andard pol~ry tam, in • sum ~pprowd by ~M MORiGAGEE, in wch company o~ compan~*s as tM MORTGAGEE nnay d'u~dl and all f'u~ and w~~am iruwanu polKi~s on ~y of said builda+ps, u+y intK~tit tiwrein w p~h thereof, in the a~re~~~~ wm ~iuesa~d a i~ ~:cess 1he~wf, sMtl contain ~M ~rswt tta~dud monpapN clavs~ a such o~hsr clws~ ~s ~F~ 1Nortqa9s~ may ~equu~. makirg tM loss u.da ~ud poli~ cies. each and ~very. paY~bl~ a said MURTGAGEE a iti inteaest may ~pp~a?, ~nd each and eve~Y such policy ih~ll bs promptly au y~ed u+d detivered eo ~ny Mld by said MORTGAGEE as (ur~her secu~ity to s~id mort9ay~ debt, and, oot Isu than ~en (10) da~s in sdvanca of tM exp~r~tion of each pol~cy, to dr livtr ro sald MORTGAGEE • rMewal tMreof, tope~hs~ with • ~Ktip1 fw the pnmium of suth ~enewal; ~~d thsr~ shall be ~o fire w windstam inwr~nt~ plac~d o~ any of said buildinps, ~ny interest thsrein w pa~t lhereof, ~rnless i~ the fwm ~nd with th~ loss payablt a: sforesaid: and in tM evtnt any wm o~ maNy becomes payabls w~der wch policy q polic'as said MORTGAGEE sMll Mw the option to receive and ~pply the sama on xcarnl of the i~debied- neu iatwld h~reby or b permit uid MORTGAGORS ro rKeiv~ and us~ it Ot any part thereol fo~ othc~ purposes, w~~ho~t th_reo~ waiving or ~~e=pai.- iny any eqv~ty, lien or right unde~ or by virtw o~ thia mort9age: and in tlw event sa~d' MORTGAGORS sF~sll for ~~y reaso~ fail to keep ~he said prem~srs so insured, or fail W delivet promptty sny of said policies ol insuranct to siid MORiGAGEE. or fail prompHy to pay fully ~ny premivm therefo~ a in a~y ~ respee~ f~il w perform, dixharge, execure, etted, comple~e, comply wirh ud abide by this mvenant, or any par~ !?e~eof, said MORTGAGEE m+y p~+ce and ; paY fw sud~ t~w~~nce o? any p~rt thereoi witlwut waiving or affectinp any optiory lien. equity, a rigM under w by virtue of this Mortgage, snd the = tull art~ovnt of each and every suth payment shall be irtvnediately dur ~~d p+ysble ~nd s1?~II be~~ interest fran ths date thereoi vntil paid at tht rate ot nine per teMUm per anrwm and to~Nhe~ with such interest shall be xcvred by ths lien of this mortgage. 1. To permit, oommit w wffer no waste. impabment w deterioraYwn of said property w any paet thereof. S. To pay a!1 u~d sinpulu ~he cost~ cA~rges and expe.~ses, includiny a reasonabk anorney i fee ud costs of abstracts of t~tle, ir~cur~ed or paid at . any time by said MORTGAGfE, because o~ in the event of the f~iluro on the pan of tl+~ ss'~d MORTGAGOR to duly, promptly and fulfy pe+fwm, dixharge, execvte, effect, comptete, comply with and abide by eath and every the stipulat~ons, sgroements, conditwiu, and cove~ants of said promissory note and thii mortgage My w eithei, and sa~d coats, cF?arges and e:penxs, each ~nd every, shall be immediately due and payable: whethcr a not there be notice d~ mand, attempt ro tolkct o? wit pending; snd the ~fvll anaunt of each ~nd every such paymeM shall bea~ iNeresl from 1he date thereof uMil peid st the rate of nine per cemum per uuwm; a~?d all said cosn, charges and eapenses iecurred o~ paid, togc~her w~th :uch interest, ~all be secured by the lien of this mwt9age. 6. Thst (a) in the event of any breach of tha lMortgage a defautt on tM part of the MORTGAGOR, a(b) in the event any of said swns of money herein reterred to be eof piomptly and fully paid wi~hin thirty (30? days nea~ afte~ the same severatty become due and payable, without demand or notice, or (c) in the evenf each and every the s~ipulations, agreernents, conditions and cove~ann of sa~d promiuory note and th~s mo~tgage ~ny a eirher are nol iuly, prompdy and tutty performed, d~schargeci, executed, effected, compkfed, compl'~ed with and ab'~ded by, then in eitFur a any s~ch evem the said ag gregsts wm mentioned in said prpnissory note then remaining vnpaid, with interest xaued, and atl money aecured hereby, shall betome due and pay- able fathwith, or thereafter, ~t the option of said MORiGAGEf, as tviiy and completely as it s!! of the said sums of monay were orginally st~pulated to be paid on such day, anything in sa:d prom~ssory note or in_ this Mortgage to the co~trary notwi~hstanding; and thereupo~ w thereafter st the op~~on of said MORTGAGEE, without rwtice or demand, suit a1 law or in equiry, therefae or thereafter begun, may be prosecvted as if a!! mw~eys secured hereby had m~twed prar ro rts instifut'an. ' ~ i 7. Tl+at in the evcnl that at the beginning of a at any time pe~Klirg any suit upon thia Mortgage, w to foreclox it, w to refwm it, or to enforce payment of any daims hereu~der, said MORTGAGEE shall apply to the Court havirg jwisdiction thereof fa tl+e appointment of a Receiver, such Cou» shall iorthwith sppoint a receivet of said mortgaged property all and singvlar, indud~ng all and singular the intorne, profits, iuues and revenues from whatever source derived, each and evcry of which, it being expressly ~rxkrstood, is hereby mo.tgaged u if spec;fically set fonh and destribed in the gr~nting and habendvm d~uses heroof, and such Receiver ~hall have att the broad a~d tffective funtnons and powers in anywiu entrusted by a Court to s Reteiver, and :.ch appointment shall be made by such tourt as an admitted equity and a matte~ of absolute right to said MORTGAGEE, and v~tirhout reference to the adequacy w insdequacy of the v~lve of the property mwtyaged w to the wMency w insolvency ot sa~d MORTGAGQR d ehe defendants, ~nd that such renu, profin, incane, iuues and revenues shal! be applied by wch Receiver accuding to the tien or equity of said MORTGAGEE end the~prattice of such CouA. 6. To duly, promptty arid fu~ly perform, d'acharge, execute, effed, comp{ete, comply wi~h and ab'~de by each and every the st~pulations, sgreements, condiians snd covenants in said promissory note and this mortgaqe Kt fo~th. 9. That in fhe event the ownenh;p of the mortgaged premises, w any part thereof, becomes vested in a person other ihan the MORTGAGOR, 1he MORTGAGEE, its successors and auigns, may, wirhou~ notice to the MORTGAOR, deal with such successw w sutcessor in interest wi~h reference to tha mortgage and the debl hereby setured in the same mannei as with Mortgagor without in any way vit;ating a distharging the Mwtgagors' lisbility here~ undn o~ upor? the debf hereby secvred. No sale of the Fremixs hereby mortgaged and no forbearance on the pan of t?x MORTGAGEE or its succeuors or auigns artd no extrnsion of the time for the paymeM of the debt hereby secured giv~n by the MORTGAGEE ar its zuccessors a auigns, ahall operate ro retease, discharge moclify chsnge or affect tl~e aginal liability of the MORiGAGOR herei~n, either in whole w in part. 10. It is specifically agreed that time is of the essence of this cw~tract and that no wsiver of any obligat~on hereunder or of the obligation se- cured hereby shall at any time Ihereafter be held to be a waiver of the terr.u hereof o? of the instrumeM secured herby. 11. In addition to the forego:ng monthly payments of princ:pal a~d interest requ'ued by the p~omissa.ry no+e secured hereby, mortgagor tovenants and agrees to pay to mortgager wi~h each monthty payr.xnt an addi~ional sum estimated by mortgagee to be equal to 1~ 12 of the annual cost of the foliow- ing: A-All real property taxrs levied or assessed agai~st the above described real estate. B-Premivms on fire and windstorm insurance as he~e~n req~:red to be carvied on the improvements situate on the above described premises. C-Premiums on such maigage guaranty insurar.ce as mo+tgagee shall from t~me to time deem fit 1o carry on the ban secured hereby. Mo+tgagee shaH from time to time notify mortgagor in writing of the amouM due and payable hereunder and such sum shall thereupon be due ard payable on the due date of the next monthly payment and each successive moMh thereafte~ ur.til mortqager shall norify mortgagor of a charge in such amoum_ Sexh sums shal! be applied by mortgagee toward the payment of real property taxes, insuracxe prem:ums, and mortgage guara~fy insurance premiumf. WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and xal rhe day and ear first afwesaid. ~~n d Seakd aod deliva in the presence of: ~ a4 ~ a~ ' aq \ Ruth R. Lonyino (Seaq I STATE OF F10RlDA ! couNn of St . Luc i e ' s~t«~ a.~«,~«y s,~~a __Bert P. Longino ,,,d ; Ruth R. ~.OIIf~lIlO his wiie, to me well known ewd krwv~nito'Me to be ; j the individwls- desuibed in and who exec~ted the foregoing instrumenf, and acknowledged befae me that they executed tt~e saine, fpf, tfie ,Pwposes - ' therein exP.~xd. n?~d rhe sa~ Ruth R. Lonaino ~ : , ~ ~ ` ~ W~te of rne ~;a Bert P. Lonqino examination b me takert se rate and a rt from he~ said husband, _ upOnra~sep~rate ~nd•jlyiv~ti ~ Y Pa pa sckrwwledged to and befwe me that she executed saFd'In~siruh~MT~eely'sr;d ~blu~- ' ~ tarity and w~thovt sny computsan, constraint, appre or fear of or from her said Fwsbsnd. : 4 J f ' .S . r.-. ~ 1 ~ VYITNESS my hand a~d official seal thi day of p,~ p~:73 : } • - . ~ ti Notary Pub!"K in a~d for tlx Stste of'_~ ~ f~~~~!!. _ My Commiuion expires: ' • ~ j Retvrn To: • ~ ' • . ~ • ' First Feder~l Savings 6 Loan /lssotiation i Of Fort P~erce. Fort P:erce. Pbrida NOTARY PUBIlC, STAiE ~ fLORIDA st LARGE ~ MY CpMMISSfON D(PIRES SEPT. 25. 1975 ~ gy pm~rican Bankers InSUrat~c! ~%0. ~ i ~ This Instrument Prepared By RiChatd K, Kayes f LEO ANQ RECORpEO , ~ First Federal Savings d~ Loan Association ~ CtIC1E COUMTI' fLA. of Fort Pierce Florida 1tOCER ppttilAS ~ • CIER~ Cs~ ~Utt COURt RECOR~ YEP+~1E0 Checked By MAA 1T IO 11 ~M'13 - BO?K PAGE J~O i~JUSS~ - /7~ - ~ s . _ - - % ~ , - - _ . ~ _ ~~v ,