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HomeMy WebLinkAbout1846 J. To plact and continuously keep on the bui'd~ngs now o~ I~eroafrer situsls on ~a3d ~and and oa a~i equip~nem ~nd panonally tovered by Ihi~ mo~t~ +ge, with all pr,m~ums rhereon pa:d ~n lull, fne iniu~ance io ~he us~al ti~ands~d po~~c~ fwm, io • sum app~o~ed by tl~e MORIGAGEE, •nd w~~+d~~oim insuranc~ in tM usual ftancldrd pol,cy 1am, in a sum approved by ~M MORiGAGEE, in sucA canp~ny o~ compan~es as tl,~ MORIGAGEE rn~y dirett; and all (i~• and winJsto~m insu~ancs policies on any o( ssid build~rgi, any intereit tMrei~ w parl Ihersol, in tM aflgregate fum ~lae~aid o~ in ~xcess thereof, ~hall contain ihe usual standard matga~ee clause o~ such othN claus~ +s tM Ma~ya9se m~y requu~, ma?inp ~M loss unde~ ~a~d po1F cias, each ~nd every, payable ~o said MORTGAGEE as its in~e~e~t may ~ppear, •nd each and eve~y such pol~cy ihall be prompsly +~s gned and del~ve~ed to ~ny held by uid MORiGAGEE ~s tur~her security ~o said mw~gage debt, and, not leu tMn ~e~ (10) dayt in advance of ~he expiralion of esch polky, to dr liw? to said MORIGAGEE a rerxwal therrof, Ioge~Mr wi~h a rece~p~ for ths premium of such re~ewat; a~+d ~here shall be no f~re or wlndsro~m inw~anc~ pl~ced o~ ~ny oi said buildings. ~ny i~terest therei~ or parl thcreof, unless in the form ~nd with tM loss paYable ai afo~esaid; and i~ ~M event +ny sum of money becomts payable under such policy a policie~ said MORTGAGEE ahall have the ophon ~o receive and apply Iha same a+ +ccouro oi Ihe i~~debled ness secured he~eby or ro permil sa~d MORTGAGORS to recaive and use it or any part thereof fo. oiher purposes. w~~h<.,,t th=r~or waivtn3 or unpa~r- ing any equ~ty, Gen a right under a by vi~tue oi ~his mo:'gsge; ~nd in ~hs even~ sald MORTGAGORS shall tw any rcason fail to keep ~he aa7d premiars so insu~ed, or fail /o deliver promplly ~ny of said polities of ins~rance to said MORTGAGEE, or faii promptly to pay fu~ly any premium thcrefw a in a~y respec~ fail ro pe~fam, d~scha~ge, execufe, effect, comp~ete, comply with and abide by this covenanl, or any par~ he~eof, said MGRTGAGEE may place and pay fw suth insurance ot any part thereof without w~ivirg or af(etting any option, lien, equity, or right unde~ a by virtue of this Mwtga9e, and tht full amount of each and every such payment shall be iinmediately d~e and payable ~nd shall baar interesl (rom the date thereof u~til pa~d at tha rata ol nine per centum per annu:n and to~ethe~ wi~h such interest shali be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairment w deterioration of said property w any pa?t tfiereof. S. To pay all and singular ~he costs, charges and eapenses, including a reasonable attorney i fee and costs of abstracts of ti~le, incurred o~ pa~d s~ any lime by said MORTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duly, pranptly and fully perform, d~scharge, execute, et(ect, complete, comply w~th and ab:de by each and every the stipulat~ons, a9reements, conditions, end covenan~s of seid prom~ssory note and this mortgage any or ei?her, and said costs, charges and expenses, each snd e~ery, shall be immed~atefy due and payable; whether a not there be no~ice d~ mand, attempt to collect w suit pending; and the tull amount of each•and everv svch payment shall bea. intrrest from 1he date thereof until p~id at the rate of nine per czntum per annu-n; and all said costs, charges and expanses incurred or paid, together wuh wch interest, shall be secured by the lien of thit mortgage. 6- That (a) in the event of any breach of this lNortgage w deiau~t on the part of the MORTGAGOR, or (b) in the event any of said t~ms of money herein referred to be not promprly and tvlly paid within thirty (30) days next afler the same severally become due and payable, without demand or notice, or (t) in thr event each and every the stipulations, agreements, conditions and covenants o! sa,d p~omissory note and th~s mortgage any or eilher are no1 ~uly, p~omptly a~d fully performed, d~scharged, executed, effected, completed, complied with and ab~ded tiy, then in ei?her w any such event Ihe said ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dve and pay- abte fwthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said sums oF money were orginal~y stipulated to be pa+d on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwi~hstanding; and thereupon or Ihereafter at the option of said MORTGAGEE, without notice w demarxl, suit at law or in equity, therefore or thereafter begun, may be p~osecuted as if all moneyt setured hereby had matured pnor to ~ts institution. 7. That in ~he event that at the beginning of or at any time pending any suit ~pon this Mwtgage, w to foreclose it, w to reform it, or to enface payment of any claims hereunder, said MORTGAGEE shall apply to the Go~rt having jurisd:ction thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property al! and singular, includ~ng all and singular the income,~ profits, iss~es and reven~es from whatever source derived, each and every of wh~ch, it being expressiy understood, is hereby mortgaged as if specifically set forth and desuibed in 1he granting and habendum clauses hereof, and such Receiver shalf have all the broad and effective funct.ons and powers in anywise entrusted by a Court fo a Receiver, and s~ch appointment shall be made by such Court as art admittc<J equity and a matter of absolute righ~ to said MORTGAGEE, a~d without reference to the adequacy w inadequacy of ~he value of the property mortgaged or to the sotvency or ir~solvency of said MORiGAGOR or the defendants, and that such r rems, profits, income, issues and revenues shall be applied by such Receiver accorduig to the tien w equity of sa~d MORTGAGEE and the practice of such ' Court. 8. To duly, p?omptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy ~te and this mortgage set fo~th. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pcrwn other than the MORTGAGOR, the N,ORTGAGEE, its successors and assigns, may, without notice to the N.ORTGAOR, deal with such successor w successw in interest with reference to this mo~tgage a~d the d~bt hereby sec~red in the same manner as with Mo~tgago~ without in any way vitaating or d~uharging the Mortgagori liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on tF.e par~ ef the MORTGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successo?s o? assigns, shal) operate ~o release, d~scharge, mcd~fy change or affect the original liability of the AM1ORTGAGOR herein, either in whoie or in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder w of the obligstan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add tio~ to the forego'~~g monrh!y payments of princ'pal and inrerest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthEy payrnem an add~iional sum est~mated by mortgagee to be equai to 1 j i2 of the annuat cost of the tollow- ing: A-All real prop~rty taxes levied or assessed against the above described real estate_ B-Prem~ums on lire and windsrorm insurance as herein requ~red to be carried on the ~mprovemeats situate on the above described premises. ' C-Premiums on such mortgage guaranty insura..ce as nortgagee shall from f:m.e to time deem fit to carry dn the loan secured hereby_ Matgagee shall from time to time noii(y mortgagor in writing of the a~nount due artd payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next month:y payment and each successive month thereaft~r ur,til mortgagee shall notefy mortgagor of a change in such ~ amount. Such wma shall be applied by mortgagee roward the payment of rea~ prope~ty taxes, insurance prem:ums, and mortgage guaranty insurante I p~emiums. ~ IN \'YITPJESS V1NfREOF, the said MORTGAGOR has hereunto set his hand and seal the day and r' af esai ! Signed, Sea!ed and de ' red in the presence o~: - +4 ~ L~- L• o tt A1 n N wl cs~q T ~ ' t~G/ (Seaq : i Annie Hawley ts~an ~ STATE OF FLORIDA ' I.ilC1Q ~ COUtJTY Of St• 1 Before me personatly appeared Robert A11en Haprlev ,,,d ~ ..:`!f'.r . Annie Hawley his wi~e, to me well known and:lblorre (0 me fo'b~ the individuals described in and who executed the foregang instrumeM, and acknowledged befwe me that they executed the sar~e~f0~, Jbe, purppse~i lherein expressed. And the said Aanie Ha~lev = v~ ~ 1 w~fe of the :a~a - Rober t Al len Havirle.y u@ort l~ e apd ',a~e : ; ~p~f e,amination by me taken separate and apart from her said husband, atknowledged to and before me that she executed said iwitr~nt 4Teely ind;l~ud-~' tarily and without any computsion, constraint, apprehension, o? fear of w frop- ' husband. ~ ~ _ WITNESS my hand and official seal this 29th day; of ~r D.~ = 1L , ~ `~t~C ~ 'L; Notary Public in and fw the State of. floifQ~, i(t~ l?t~ie ~ ~ My Commission expites: ' •~t ' ~ Retum To: ' first Federal $avings 3 Loan Association Of Fort P.eree. A at LAQGE ' ~ For: Pierce. Florida N. J. 197) ~ - ~ ~:1..j~ ~t 1.;~ This Instrument Pre ared B ~ECOROfO p Y Richard K. Kayes fT.lUC1E COUNTr FLA. ~ First Federal Savings & Loan Association ROG~R ~01TRA5 ; + of Fort Pierce FlolCida CLERK CtRCU1T COURT ~ ~ ~ Af~4tt~? I'~R1F~EJ~~,~, Checked By ~ 3 4 ie PM'13 = i , BUGK ~~2 PACf 17~6 2512a'7