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HomeMy WebLinkAbout1203 To plac~ ind con~inuously ksep on ~M bui!d~nys now w Ixreaf~~r uru~~~ o~ sa~d I~nd •nd on all eq~~pmen~ and penonatly covered by ~hii mwr~ ~9~. W~~h ~11 p~~mium~ ~hereon pa~d in full, lire insurance tM u~ual ~tandard policy fam, in ~ tum appoved by rh~ MORfGAGFE. a~~d windstam ~~w~+rt~ In th~ uiwl ~?andard pol+ty form, in • sum ~pprov~,d by 1M MORTGAGEE. in fuch tompany p con+panie~ ~s ~h~ MORiGAGEE m~y dir~clj ~nd •11 (ir~ and w~nds~o~m insuranc~ poliues on ~ny of said buitd~nps. ~ny int~r~e1 therei~ o~ pa~t Ihereof, in tM a99rega~~ ~um ~(oresaid a in ~xceu ~hereof, iMll contain th~ uswl standa~d morrqay~a claua o~ such othN d~ui~ u tM Ma~pagss ?n~y requ~r~, makirg ths los~ unda se~d poli~ da, eacA and every. payable ro?sid MORTGAGEE as i~s iroe~eit m~y ~ppsa?, ~nd each and evc.Y ~uch policy ihall b~ promptly au 9ned and da~ivered ~o •ny held by s+id MORIGAGEE as (urthe~ tecurity to said mortys9s debt, and, no1 les~ fi~sn tsn (IO) days in adv~nce o( the sxpirat~o~ of each pol~cy, ~o d~- I;tie? to said MORTGAGEE • renewal thereof, to~a~hN wi~h a r~teipt fw the pr~miu~n of such renewal; ~nd lhere shatl be no fus or windstorm inturance ptaced on ~ny ot s~~d build~r?ps, any in~ere~1 ~he~e~n w part ~M~eof, unless i~ tFK fwm and with ~M lou payable a~ a(aet+ids ar+d i~ tiro event a~y sum af naney becamei payable ~nder iuch poticy or policie~ ~aid MORTGAGEE sbal! hive ~M opt~on to receive and spply tAe same on ~ccounl of ~he indeb~ed- ~ess securad he~tby w ro permit sa~d AAORTGAGORS to receive and us~ it a any put theroof Iw othe~ purF,oses, wi~ho~t tha~.u~ wa~~~~~g or ~~~~po~r- ing +ny eqvity, I~en or right u~ckr or by virtue of thii mo:tpage; snd in tM evcnt sa~d MORTGAGORS shall (w any raaton fai! to keep fhe s~id premiies so insured, a fail to deliver promptly any of iaid policies of insurante to said MORTGAGEE, a fail promptly to pay fully any premium thereiw or i~ any re~pact fail ro pe~iwm, discharge, execute, effed, complete, comply with ~nd +bide by this covenant, a any part hereof, ta~d MORTGAGEE may pl~te and pay fw :uch insv.ance or any part thc.eof w~~hout waiv;,~p o~ affec~irg any op~ion, lien, equity, or right unde~ w by vir~ue of this Mw~gage, and the ` tull amounl of eacA and evtry such payment shall be immediately dw and payable ~nd shall bear interest from ths date thereof until paid at the ra~e ot i nine per ce~tum per a~num a~d together with such inle~ost sAaN be secured by fhe lien of thi~ mortpage. ~ To permif, commit or suffer no waste, impainrxnt or detc~ioratioe of ss;d propcrty or ~ny psrf thereof. S. 1o pay all and singulsr Ihe coots, cMrges and expcnus, including a reasonable at~wney's fee snd costs of abstracts of title, incurred or paid at ~ any time by said MORTGAGfE, bc~cause w in the event of the failure on the parl of ~he said MORTGAGOR to duly, promptly and fully pe~fwm, d~scharge. execute, eifect, comptete, canpty with and ab~de by each and every the stipulations, agreements, conditions, snd covenants of ssid promissory ~ote and th;~ mortgage any or either, and sa~d costs, char9es and expenses, each and eva~y, shatl be immediately due and payable; whether w not there be no~ice dc mand, attempt to collect or wit pending; and the f~ll amount of each and every such payment :hail bear interest from the date the~eof until paid at fhe .»e of nine per centum per annum; and all uid costs, charges and expenses incur~ed or paid, together with tuch intcrest, shall be secured by the lien oi this mort9~t, 6. That (a) in the eve~t of any brexh of thia Matgsge w defavlt on the part of the MORTGAGOR, w(b) in the event any of satd sums of money hrrein ~efened to be no1 promptty and fully paid within thirty (3p) days next after the same severally become due and p~yabte, wi~hout dema~d or notice, or (c) in the event each and every the stipulations, agrecments, conditiona and covenants of sa~d promiuory note and th~s mortgage any a either are not iuty, p?omptly snd iuliy performed, d~uMrged, executed, effected, completed, complied with and abided by, then in either or any such event the sa~d ag- gregate sum mentioned in said promisso?y note then remaining unpaid, with interest accrued, and all moneys secured hereby, shalt become due and pay- able forthwith, or thereafrer, at fhe option oF said MORTGAGEE, as fvtty and completely as if aIl of the said su~ns of money were a+gfnslly st;pulated ~o be pa~d on such day, aayth;ng in sa~d prom~ssay note or in this Mortgage to the contrary notwi~hstanding; and ~hereupon w thcreaiter at the op~ion of snid MORTGAGEE, without notice w demand, suit at law or in eqvity, therefwe a thereafter begun, may be prosecuted as if all moneys secured hereby t~~d matured pnot fo ~ts institufion. ; _ 7. Tha1 in the evenf tFWI af the inni t beg ng of or at any time pending any suit upon this Mwtgage, or to fweclose it, a to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisdiction thereot for the appointment of a Receive~, suth Court sha(t forlhwith appoint a reteiver of seid rtsortgaged prpperty all and singular, includ~ng all and sir~gula~ 1he income, profits, issues and revenues from whatever source derive.~, each a~d every of which, it being expre:sly understood, ia hereby mortgaged as if specifically set fwth and destribed in the granting and habendum clauses hereof, and suth Receiver shalt have all the broad and effective funct~ons and powers in anywise entrusred by a Court to a Receiver, and s~ch appointment shall be made by such Court as an adrnitted eqvity and a matte~ of absolute right to said MORTGAGEE, and without referente to the adequacy or inadequacy of the value of the property mortgaged or to the soivency or insolvency of said MORTGAGOR or the de(endann, and that such ' re~rs, profits, income, issues and revenues shall be applied by such Receiver accord,ng to tbe lien or equity oT said MORTGAGEE and the practice of such t Court. 8. To duty, promptly and fvlly pe?form, discha?ge, execute, effect, complete, comp~y with and abide by each and every the stipulations, agreements, cond~tions and covenaros in sa~d promisso?y note and th~s mortgage set forth. ' 9. That in the event the owreersh7p of the morrgaged prem;ses, or any pnrt Jbereof, becomes vesterl in s person other than the MORTGAGOR, the N.ORTGAGEE, its succeuors and assiqns, may, w~thout no~ice to the MORTGAOR, deal w~th such successo? w successw in interest with reference to this m.ortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the Mortgagois' liability herr under or upon the debt hereby secured. No sale of the premises he~eby mortgaged and no forbearance oe the part of the MORTGAGEE w its successors or assigns and no exte~sion of the time iw fhe payment of the debt he~eby securcd given by the MORTGAGEE or its successors ot auigns, aha11 operate to release, d~uharge, modify change a affect the original liabitity of the MORTGAGpR herein, either in whole or in part. ]0. It is specifically agreed that time is of the essence of this contrad and that no waiver of any oblegation hereunder a of the obligaYqn se- cured hereby shall at any lime thereafter be held to be a waiver of the terms hereoS or of the instrument secured herby. 11. In add~tio~ to the forego:ng momhly payments of princ'pal and interest required by the promFswry note secured hereby, mortgagor covenanK ar,d agrees to pay to mortgagee with each momhly ~yment an add~donal sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: A-All rea~ property taxes levied or assessed agai~st the above desvi~d real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above d:scribed pre~i~ses. C-Premium: on such mo~~gage guaranty insurence as mortgagee shall from time to time deem lit to carry on the loan secured hereby. Mortgagee shall !rom tirrie to time notify mortgagor in writi~g of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mortqagee shall notify mortgagor of a cha~ge in such a~•:ount. Such s~ms shatl be appli•_•d by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage 9uaranty insurance premiums_ . . IN WITNESS WNEREOF, the said MORTGAGOR has hereunto set his hand and seat the day and year first aforesaid. Si9ned, Sea! a delivered ' the exnce of: +-'t - ` ? ~w~~~ ~ ness a~~ _ ep . sso _ csea?~ ~ I1C3 ? a . S30 (Seaq r - t5es1) = STATE OF FI,ORIDA > 3 cauNrtr oF ~ , Before me personaHy appeartd _ JO$A~1 V• R11S30 a~ ~ *1n8 F. R11S30 his wife, to me well known and krawn to me to be ~ rhe ~ndividuats described in and wFa executed the foregoing instrument, end acknowledged before me that they execWed thz same for the pu~poses rherei~ expressed. And the said Al1fl8 F. Rt1330 ,r.~fe of the said _ _ ~a~0a9D~1 ~1530 ' upon a~}Rp~ste ~nd private ~ examirration by me taken separale and apart from her uid hus~}]nd, scknowledged to arsd before me that she executed said iris --~"r 1 and volun- ,arily and w~thout any compulsion, constraint, appre nsi , q/SEar of w from her 'd husband. j~ y ~ WITNESS my hand and official seal thi ~ day of ~ ~-.A.'Q, 19~ s j - otary blic io and ~OF'$?h Stite of a:~t arge~- My miuion expires: = t , Refum To: = ' , ' = ; ; First Federal Savings d~ Loan Assocpation p10TAR~ Y'-?.=1~ ~~~rF OFliOQ1DA AT~~G~ . - Of Fort Plerce. ?J1Y CG' . ~ i:._5 OCiSt 1~1~ ' ~ Fort P~erce, Florida Bpri~ED iHRU GENERAL IIti5t1~1CE'YND~R~ •'t'~•? • . ~ {t 1 1 ' - . f1:EC ~•s ` ~~MT`! FLA. ST_ lt1Ct_ This lnstrument Prepared By J. H. Roberts~ Jr. qq~~ ~-"~~'~AS First Federal Savings 8~ loan Association C~E~.t~ . ±~~1 ~~~~T of Fort Pierce~ F102'ida P= f r E=' Checked By Ma~ 2~ 3 ~9 PM'~3 ; 2+)~~r~'23 , . so~212 ~1 ~ 203 - - _ _ ~g-~- ~ _ I~"~, , °E ~~o ~ - ~ .