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HomeMy WebLinkAbout1504 To place and continuously keep o~ ~he bui'J~ngs no,nr w hcreafter s.tu~le o~ sa~d ~and ~.~d o~+ a~1 eQv~wnent ar~ ~yon~ily corped by thi~ enort¢ ~p1, with all prem~ums thrrron pa~d in iuq, fue inswuue m tht usuaf iwdsrd po1Ky fwm, ~n • sum ~ppo+rd b~ 11~e MOQ~G:.GEE, ~rd +r~nds+o~ru insurance in the usual s~andard pot~cy fam, in a sum spwoved by tM N10Q1GAGEE, in ~uch co~npa~y w ca*~W~~es as ths M?pQ1C+AGEE r^+1r dired; ~nd all li~e and w~nd~torm insurance poi~cies on any of iaid build,~qi. ~ny in~eres? the~ein w p+n tAereof, in ~he yp~r9ne w~+ ~faes~d w in ~xccu ~hereo(, shall contain ~he usual s~andard mw~gaget clause u si.ch otha c~auN ~s the Mo*tq~yee may reQv..e, ~?~nq ~he w~s wde+ a•d poli~ cies, esch and every, payabte ro sa~d MORTGAGEE as ~ta ~mc~ast may appear, and each and every such po:~c/ sMll bt p•ompr~y ~uq~+rd ud de~~~e~cd *o ~ •ny heW by u~d MORTGAGEE as tur~her security to sa~d mo~~gage debt, and, not less tMn ~en Q0I days i~ ad+ance of the eapira+.on of e~c6 po~K/, ~o dr liw~ fo said MORTGAGEE a renewal ~hereof, topeiher with a receipt ior ~he premi~m nf such renewal; and the~e shall br ro iue a w~~.ys+o*m ina~*ance pl~ced on a~y of said build~~gs, any interest therein or psrt thereof, un!esa in tM (orm ~nd w~~h ~he ~oss payab4 as afwesaid; a~d in ~he erero s~* i of money becomes payable under iuch po~icy or pol~cies said MORTGAGEE shall have the opt~on ~o rece~ve end apply the ~~nC On KCW~M o! the ud~t,+ed ; ness secured hereby or ~o permit aald MORTGAGORS ~o retrive and use it w sny pa~~ thrreof Ic+ o:h~•r pu~~ :.srs, v.ni~o,:t ~?~,•.~i n~~.~-~3 0~ ~•~•i~~'- j iny any equity, tien w right under w by virtue of this mo: tgagc; ~nd in the evem ts.d MORTGAGORS sh~~ fa any ~tason (ait to keep ihe aa:d p~e~*us~s so . Y insured, or fail to deliver promptly ~ny of said polKies ol insurance to sa~d MORTGAGEE, w fail promp?ly to pay fully any premwro Nxreta a M a~~ respect tail to perfpm, d~scharge, execuro, ef(ect, complete, comply wi~h and ab~de by th~s cov~~am, w any parl htreof, sa~d MGRt;,AGfE may p+~ +~d paY fw wch insurance or any part the~eof without waiving or aflettirg any option. lien, equ~ty. or riyM unde~ p by vhtue oi tnis Mutfls~e, and fhc full amount of each and every such payment shall be immediately due and payablc and sha11 bes+ interest from the date thereof wail p.d at tF~e ra~e o1 nine per ceMum per annwn and togrth~r with such imerest shail be sec~red by the lien oi this mortgage. 4. To permit, ~ommit or suffer no waste, impairment or deterioration o( said property or any part thereof_ S. To pay all and singular the costs, charges and expenses, ~nctuding a reaso~able attanev i/ee and cosfs of abs+racts of title, incw~ed w p+~d a~ any time by wid MORTGAGfE, becavse w in the evero of the tailure on the pan of the said MORTGAGOR to duly, promytiy a~d fuHy pe.form, d.sth+rqe. execute, effect, complete, comp!y wrth and ab:de by each and every the st~pulat~ons, sgreeme~ts, conditions, and coverunn of w~d p~a.:~ssory cate and th's ,nortgage any or ei~her, and sa~d costs, charges and expenses, each and every, shafl be~immed~ately due snd payabte; whr+hei or not ?he*e be not~ce dt mand, attempt to collecl or suit pendin9; and the full amount of each snd every svch payment shall bea. intEres~ irom ~he date fherroi umil pad +t the rate oi nine per centum per annum; and all said costs, charges and esprnses inturred or paid, together w~~h such interest, sfwZl be securrd by the t~en of ths mortgag~. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, ar ;b) in the eveM ~ny of said ~wns of 'nwney herein referred to be not pro~r~ptly and fully paid wi~hin ~h~~~y ~30) da~s nex~ afrer the same se~e~aliy becor»e due and payabte, w~~Fa~t de.nand a nw~ce, or (c) in the event rach and ev~ry the st~pulations, agreements, conditions and covenanss o! sa.d promisw~y note a~d th~s mortHege any a e~the~ ue no1 ~uly, promptly and fuliy periormed, d.scharged, executed, effected, completed, compl~ed w~th and ab~ded 5y, ~hen in e+~her a a~y auch evem the sa~d a~ gregate sum mentioned in said pron~issory note then remaining ynpaid, with interest accrued, and all moneys secured hcreby, shall becoroe due and psy- able fathwith, or thereafter, at the option of said MORTGAGEE, as fvlly and completety as i1 all of ~he sa~d auR~s oi moner wtre o+.g:nailr st~pu:~ted to be paid on such d.~y, anything in sa:d prom~sswy note or in this Mwtgage to the tontra~y notwithstand~rv~; and thereupon o~ thrreaFter N the op~wn of said MORTGAGEE, without not~ce o~ demand, suit at lavi or in equity, therefore or thereafier begun, may be presec~?ed as if all moneys secured i+ereby had matured pnor to ~ts institution. 7. That in the event that at the beginning of w at any ti~ne pending any su~t uFon this Mortgage, a to fo+eclos~ it, or to retam it, a to enface payment of any claims he~e~~der, said MORTGAGEE shall apply to the Court hav7~:g ~urnd~U~on thr~eof fq tF+e appo~ntment of a Receiver, sw.h Cwrt sha:l forthwith appoint a rece~ver of said mongaged property all and singular, includ~ng ail and s~ngutar tt~e ir.co~ne, profus, iasues ar+d ~erenues from wfiate~er wurce derived, each and every of wh~ch, it being expressly understood, is Ae~eby mongaged as if spec~f~~e~ly set fwth snd destribed in the 9ranf:ng and habendum cla~ses hereof, and such Receive~ :F.all have a!1 the broad and effective funct.ons and powe~s in anyvv~ce ent~usted by ~ Court to a Rece,ver, ir~d such appointment shalt be made by such Court as an admitted equity and a matter oi abso~ute r~ght to said MORTGAGEE, u~d witFnvl refere~ce to the adequacy or inadequacy of the vaf~e of the property rrsortgaged or to the so,vency o+ insoi~ency of sa~d MORTGAGOR or the defendantt, and +hat such rents, profits, income, issues and revenues sha+l be appiied by such Receiver accord+ng to the lien or equity of wid IAORTGAGEE m~d tht pract.ce d suth CourT. 8. To duly, promptly and fully perform, d~scharge, execute, e(fect, complete, comply with and abide by each and every the stipu:ations, ag~eements, conditions and covenanta in sa~d promissory note and th~s mortgage set fath_ i 9. That in tFe event tl~e ownership of tFw mortgaged prem~ses, or any part thcreoF, taeco.nes vested in a perwn other than ~he MORiGAGpR, tht MORTGAGEE, its sutces;ors and asa;gns, may, without notite to the fdORTG~OR. dea! wAn suth sut.essor or successw in ~nterest wieh rr(r+ence fp fhif mortgage and the deb~ hereby secured in the sa~ne manner as with t;lortgagor without in any wey vit:asing or d~stha~gi.+g tF~e Nlcrsgagori liability htra under or upon the debt hereby secured. No sale of tl~e premises hereby mo.tgaged and no fo~bearence on the part of the fAOR1GAGEE or its s~ctessors o~ assigns and no exsension of the time fcr rhe payment of the debt he~eby secured given by the M.ORTGAGEE or ~tt succeesors or ~ugnt, ~~all operate ro release, d~scharge, modify change or affect the orig~nal liabti~ty of the MORiGAGOR herein, either in whole a in part. 10. It i3 specifi:ally agreed that time is of the essence of this contract and thal no waiver of any ob~gation hereunder p of the obliyation sr cured hereby shatl at any time thereafter be he~d to be s waiver" of the terms hereof or of the instrument eecured he~by_ ~ 11. In addrtio~ to the forego:ng monthty payments of princ'pal and imeresr requhed by the prom:ssory no~e secv.ed hereby, mortg~or coverunts ~ and agrces ro pay to'mongagee with each monrhly payrr.ent an add~nonal wm esf~mared by mortgagee to be equai to 1 j)2 06 the annual coat of th: fullpw- ing: A-All real property taaez levied or assessed agaiast thc above descrl5ed real estate. S-Premlu~ns on fire ar~d w~ndsrorm ~nsuracce as nerein requ~red to be ca~r~ed on the :mprovemeots s~t~ate on tha above described premises. C-Prerniums o~ s~ch mort~>ge guaranty ir.wra~.ce as mortgagee shall fro~r. t me te tune deem fit to carr~ on the Ioan s!~cured iwreb~. ' Mortgagee sF.all !rom nme ro t~:ne norify mortgagor ~n wr~t~ng of the a=rount dve and payatsle hereunder and s~ch wm shall thereupoe be due a*d payable on the dve date of ihe next n:onth".y payment and each wccessive month tnereafter uatit me~tqagee shall notify mor!ga3W of a charv~e in such ~ amount. Such wms sF.a:f be app!ied by mortgagre toward the payment of real property taaes, insurance prem:ums, and mortgage gwranty inwrar?[e ! premiums. E IN Y~ITiVE55 REOF, the a~d TGAGOR has hereunto set his ha~~d and seal the day and yea irtt aforesai j Sea a 'vered ~ the p sen of: ~ ~ i n 4 ~ 9 s ~ n ~ _ ~ ~se~ ) STATE OF FLORIDA 1 St. Lucie f couNnr oF - ~ i Befwe me ~.:o~u appeared Mlillias F. Saspson and Bonita G. Sa~son, his wite and Ho~rard W. S~mpson and He~en D. Sa~tpson, his wife and Bserson•G. S~,~o~,~r~~~~~~.~n~~~~~ the,individvals desuibed in and wFa executed the foreyoirg instrument, and xknowkdged before me that they executed the samt for ths purposes ~f~~~, wi,~'~ ~'dBonita G. Samson wite ot the ssid Willia~ R. Sa~nsan snd Hr1en D. w;i,,~~w,,,,,;~ ot the said Hoaard W. Saspson and Iria T. Saspson wife~~~~g„~~-~j,ql,-~rson examination by me taken separate and apart from /fie} said husbandf ~cknowl~Q ed~ to end before me that '~he~lexetuted wid instrumem freely a7f~ r s00 rarily and without any compulsion, constraint, apprehen 'on.. or fear of or fr 7xi wid husbandt . ~ ~ Th ~ WITNE55 my hand and official seal this day of Z1 A. D. 191~ - tary Publit in a f~t the Stite of fbrida M tarq! M Commission ex te{: ' ' Refum To: Y P~ ~4 ~.~.~i~.~`~ 1.- i First Federal Savings b loan Association f?: A'~ . r~- Of Fort P erce ~ ' ~ J ~ for: Pi~rcc, f!crida 2~935 . ~ ~ . ` ~7 • . . . . - L ; ~ This Instrument Prepared By J• H. Roberts~ J1'• ' ~ _ First Federal Savings & Loan Association ff~dAMD kECO of Fort Pierce ~ RloY3d2? sT ~~E ~UMTY~~, ' . - ; ROC~P. ~O~TAAf CIERK C'++~U~1 COUAt f Checked By _ ' aECORD'YEk~riEO , _ ~ ~ 1 s.22 a~+ ~r3 o R e~K 21z P~ i5o4 ~ r - ~x ~ ~ ~ _ ; ~ ~ - - ~ ~ ~ - .r a . ~~7~._ . . . .