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HomeMy WebLinkAbout1350 3. To pfac~ and conrinvo~sty keep on ~he bu~'d~ng~ now a hereaf~~r sitwte on sa~d land a~xl on all eq~7p~nrnt and personally cove~ed by thii mw1g~ ~g~, with all premivms the~con pe,d ~n tult, fire inswance ~n ths ~sual SIdnCI~rtJ pOIKy IpIOI, io • wm approved by ~he MOR(GAGEE. •ud w~~dstam ~niu?anc~ i~ the usual ~~andard pof:cy fam, i~ ~ sum approved by ehe MORIGAGEE. In suth company or companie~ as ~F+~. MORiGAGEE may duec~i ~nd a11 fire and w~ods~orm insu~ance pol;uet on ~~y oi sa~d build~npi, any inflrQSl IhNCin Or part thereot, in the aggregafe sum ~iwesaid w in tatcss Ihereoi, ~hall contain ths usual standa~d mortgagee ciause w tuch other tl~us~ ~s th~ Mw/gagee msy rcqv~r~, maMiny the loss unda ts~d po1F cies, each and every, payab!e ro said A10RTGAGEE +f its interrsl may appea~, snd each and every such pot~cy ~hall be promptly ~ss gned and de~iverrd ~o ~ny held by sa~d MORiGAGEE as furthe~ srcu~ity ~o said mwtgage dcb~, and, not less tha~ ~en (101 dsys in advance of ~he expiration of each poticy, to da I~vsa to s+id MORTGAGEE a renewal ~hereof, ~ogethe~ wirA a ~eceipt 10~ Ihe prQmium of t~ch renewal; and thnre shall be ~o I~re or winds~orm insurance placed on ~ny ot sa~d twild~nps, any imerest thHe~n or par~ thereof, untes~ in ~h~ fo.m ancl with ths tou payabte as atwesaid; and in the e~ent any sum of money lxcarus payable under such policy or polKies uid MORTGAGEE ahaft have ~he oprion ro receive and appty the same on accoun~ of the indabted- ne3s iecured hereby o~r fo petmit Sd'rd MORT~'iAGOR$ to reteive and usR it p any part thereof fW Othe~ p~rposes, wilhouf th3•i6~ waiving or unpa~r ~ ~~g any equity, lie~ or right unde~ or by virlue of this mor:gsge; aod in the event wid MORTGAGORS shall fw any ~eason (ail to keep ~he said premisas so ir.sured, o~ fait lo defiver promptly any of said polKirs of ensu~ance to sa;d MORTGAGEE, or fail promptly to pay futly any prem~um ~herefw w in any respect fail ro perform, d~acharge, execu~e, effect, complete, canply wi~h and abide by thii covenant, a any part hzreof, sa~d MORTGAGEE may place a~d pay (w such insu~ence o~ any part thereof without waiving w ai(eUing any oprion, lien,,equity, w~ight unde? w by virtue of this Mortgage, and the iv11 amount of each and every such payment shall be immediately due a~d payable ~nd shall bear inte~zst from the date thereof until paid a1 Ihe rate ol nine per tentum per annu~n and to~ether with such intErest shali be secured by Ihe lien of this mortgage, ~1. To permit, commit or suffer no wasle, impairmeM w deterioration of said property or any part thereof. 5. To pay all and singuta? the costs, charges a~d expenses, incfudirg a reasonable atfo~ney's fee and cosfs of abstracts of title, incurred a pa~d a~ any time by wid MORTGAG:E, becauu w in the event of the failure on the pa.f of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. execute, effect, comple~e, comply wuh and a6:de by each and every the stipulafions, agreements, cond~fions, and covenanrs of said promfssory oote and this ~ mortgage any oa either, and w;d coars, charges and expenses, each and every, sha~l be immediatel~ due and payable; whether p not there be norice dc mand, attempt ro collecl w suit pendmg; and the full amount of each and every such paymem shall bear interes~ from the date thererof un1i1 paid at the ~ r.,~e oF nine per centum per annum; and all said wsts, charges and expenses incurred oi peid, togetF~r wdh such interest, shall be secu~ed by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or defaulf on the pa~t of the MORTGAGOR, w(b) in the eve~t any of sa~d sums of money ` herein referred to be not pranptty and fuily paid wi~hin th~rty (30) days next after the same severally become due and payable, without demand or notite, or (c) in the event each and every ~he stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mor?gage a~y or eiiher are not ~uly, promptly and iully periwmrd, d:scharged, executed. eifected, compteted, complied with and abided 5y, then in either os any such event the said ag 1 gregate sum mentioned en said promisswy note then remaining ~~paid, with interest accrued, and atl mcneys setured hereby, shall become due and pay- ~ abte forthwith, or thereafter, at the option of said MORiGAGEE, aa fully and completety as if all of the said sums of mone~ were o~ginalfy stipuiated to be paid on such day, anything in sa:d prom~sswy note w in this AAortgage to the tonuary norwithstanding; and thereupon or thereafter al the option of said MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneya secured hereby n::d matured pr~w to its inst~tution. 7. That in the e~ent that at the beginn;ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to refwm i~, or to enforce payment of any daim= hereu:ider, said MORTGAGEE shall appty to the Court having jurisdiction thereof ior ~he appo~ntment of a Receiver, such Court shall forthwith appoint a rece~~er oF said mortgaged prope~ty all and singular, includ~ng ail and singular ~he income, prof~ts, iuues a~d revenues from whatever sovrce derived, each and every of wb;ch, it being expressly understood, is hereby mortgaged as if spet~fically set fonh and destribed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effeUive fu~xt,ons and powers in anywise eotrusted by a Court to a Receiver, and s~ch appointment shall be.made by such Court as an admitred equity and a matrer of absolure r;ght to uid MORTGAGEE, ancJ without reference to the edequacy w inadequacy of the value of the property mortgaged or to the so~vency or i~solvency of sa~d MORiGAGQR w the defendants, and ~hat such renrs, profi:s, intorne, issues and revenues shall be applied by suth Receiver accord~ng to the tien w equit/ oi said MORTGAGfE and the prattice of suth Cou». 8. To dufy, promptly and fully perform, discha~ge, execute, effect, complete, comply wilh and abide by each and every the stipulations, agreements, co~ditwns and covenants in sa~d promissory note and th~s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the A!ORTGAGFf, its successors and ass~g~s, may, withovt notice to the MORTGFOR, dea! w~th such successor w successor in interest with reference 1o this mo~tgage and the drbt hereby secured in the same manner as v~iith Mortgagw wi~hout in any way vit~ating w d~scharging the Mortgagors' liability here- under w upon the debt hereby secured. Mo sa!e of th~ F~emises hereby moitgaged and no forbearance on the pan of the MORiGAGEE or its successors or assig~s and no exte~s~on af the time for the payment of the debt hereby secured given by the 1J40RTGAGEE or its successwa w auigns, a5all operate ro release, d~scharge, modify change a affect the original liabitity of Ihe MOQiGAGOR herein, either in whole w in parf. 10. ft is spec<fically ag~eed that time is ot the eszence of this contract and that no waiver of any obligafion hereunder or of the obligation se- c~red hereby shall at any time thereafter be heid to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tio~ so the forego:n~ monthly paymsnts of prirtc pal and inte~est required by the promiswry note secured hereby, mortgagor covenants a~d agrees to pay to mortgagee whh each month~y payrnent an add~~ional sum estmiated by mortqagee to be eqva! to 1/ 12 of the annual cost of 1he follow- ing: f A-All real ~,roperty taxes levied or assessed agai•ist the above desciibed reai estate. ~ t B-Prem~u•nz on (ire and windsrorm insurance as he.ein requ~red to be carried on the improvemeats situate on the above described premises. C-Pre~niums on such ,mortgage guaraniy irtsurar,ce es mortgagee shall from t~me to time deem fit to carry ort ihe ban secured hereby. IIlortgagee shaE! .'rom time to time notify mortgogor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~ ~ayabte on the due date of the next month:y payment and each successive month thereafter ur,til mwtgagee shall notify mortgagor of a change in svch a~~ount. Such sums sha:{ be applied by mortgagee toward the payment of reat property ta:es, insurance prem:ums, and mortgage g~aranty insurance F~emiums. - IN \VITP~ESS YJNERcOF, the said MORTGAGCR has hereunto set his hand and seal ihe day and year first aforesaid. / Signed, Sealed and delivered i~ the presence of! `~-'4~~~ , eaq ~ 2 lliam R, i' s rc . cs~a~ - ts~aq , - A eline R. Baslliua ~ y j~ ~$2a~~ J ' S~ATE OF FLORIOA ~ ~ COUNTY OF - St _ LLC ~ e - 1 ~ Befwe me personalty uppeared W 1111aID R. B c15 111 i3S and ~ , ~ _ Anaeline R $SSllltt5 his wife, to me weN known and known to me fo be ~ ! the individuals desuibed in and who executed tfie foregoing instrument, and ackrwwledged befwe me that they executed the same for the purposes ~ i rherein exp~essed. And the i~ el ine R. B S111U5 ' ~ ~i lam R. Basilius ; .v;fe of the said upon a separate and private exam~nat~o~ by me taken separate and apart from her said husba~d, atiencwledged to and beiwe me that she executed said inttrument freely and volvrr ~ rar~ly and wlthout any compuision, constraint, appreh ar o( w from ' husband. WITNESS my ha~d and official seal thi da 73 4 y M h A. D. 19 ~ ; _ : % i Notary Public in and for the Syate of'~IoFi~a at lerye~ My Commission expires: 'l- • Return To: ~ w ' " Firsf Federal Savings d Loan Aswciation ~,,~Rq~ : : ` : ~ _ Of Fort P:erce. - ',Y ' r~?IIC.STATE @[ f101tJp/~ (~~_~y ~ Fcri Pierce. Rorida " ' ' ' EXr~(?~ ..1: . , pn~,-~ isn . ~ ~ 3 , H k~s, fiw,h.:•..:,.•• FILEO 44n RECOROE~ , ' This Instrument Prepared By Jc~hn t~'. Collins gT. LUC~E ~JUHTY FLA. j First Federal Savings & Loan Aswciation ROGE? ~p;TRAS ' ` of Fort Pierce Florida ~~EPx ~~~t' UIT COURT ~ • pFr,ta~ vs-~.~F;ED Checked By i ' ~AR 3o s 58 aH s13 ~ , f ! BGCK~~~ PACE~~~ 2`50~'2'4 sb i _ ~ J - - _ - - - - - _ . _ s~ ^ : i ~ ~ = Ylr ~ tsCG"r.