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HomeMy WebLinkAbout2476 ~o plac~ ~nd cont~n~ously kecp on the bu2d~~~~~ now a hereaf~M s~tw~a on sa~d land and on atl eqv~N~n~nt and pe~~on~,l~ tovrrcd by this mw~g- p~. with •11 premium~ ~hereoq ps~d m futl, hre inswance ~n ~hs ~sw! •r~,~d~rd poLCy form, in a~~m ~j.ytored b~ ~he MOk~G~G(f. •~~d w~~~Js~o~m ~~wr~nc~ in ih~ ufwl ~ianda~d poLCy iam, i~ • ~um appru~ed br ~he MARTGAGEE, in ~uch compan~ or canp~n~es as ~he h~021GAGEE R++~ dirKli and aU fir~ and w~nJi~orm in~ura~ce poliues on any oi sa~d bv~id~np~, ~~y interfs~ thsre~n or W~e thr~eol. in IM ~pprty~te •um •laesa~d w In ~xcesi Ihereof, ihaU con~ain ~M uswl s~a~~dard mor~yaye~ ciauie a such o~ha dauf~ ai ~M Maryage~ may ~eq~,r~, ma?~~ ~na ~ou unJe~ ss~d polF cies. eacb a~d evKy, p~Yab~e ~o said MORiGAGEE as ~t~ in~ere~t may appea~, ~nd exh and eve~y svch poifcy ~hatl be promp~ty ats gned erd de~~:c.rd ~o •ny hetd by s~id MOR(GAGEf ~s fureha ~ecv~ity to said enatgaps debt, and, not leu ti+~n ten (101 days in ad~ance ol ~he eapu~uon o4 each poG~y, ro d~- liv~r fo wid MORTGAGEE a ~enewal ~hercof, tofled+N with a rece~pt fa the promium of such re~ew~l; snd ~here ~hsll be no f~re or wind~~o~m insuranc~ p~xed on any of said buildings, •ny interes~ therein or part thareo{, untess in the form and with the los~ piyabte is aforesaid; and ~n the e~ent any ?um of mpn~y ~omes payable under such {wlicy w polrcies wid MORTGAGEE shall have the opua? ~o rcceive and apyty 1he same on account o1 ihe indcbted- nets ~ecured hOreby W 10 permil said MORTGA(~iOR$ to tKeivs anl~ u3~ il p any parl theceo( iw ptner pwF~oscs, :..rho~t rh u~ w.:i.i-~3 cr ~~~;p.,~r- ~~g +oy eqvrty, Fen or r~ght undc~ or by vinue of thfs mor!gage; ~r+d in the even~ aa~d MORTGAGORS shaq fo~ any reaion fail to krep ~he said premtsas io inaured, w fail to delive~ prompfly any of said polKies of insurance 1o said MORiGAGEE, o~ fail promp~ly to pay fulty a~y p~em~~m ~herefor or in any re~pect fail to per(orm, dfscha~ge, execvte, eifect, complere, compty with a~d ab~de by thi~ covenanl, or sny par~ hereof, sa~d MORTGAGEE may piace a~~d ~ pay fw suth ineurar?te or any p~rt thereof withou! waivi~g a a(fecting any optipn, lien, equ~ty, w ~ight u~der a by vutve of this Mwegage, and thc full amount of each and every such payment shal~ be imm~diately due and payabts and shall bear interea~ lrom the dare thrreof unei! pa~d at tha ?a?e ol ~~ne per centum per annum and ~o~ethrr with such inie~est sha11 be srcured by the lien of ihif mortgage. 1. To permil, commit or suffer ~o waate, impairmcnt w deteriora~ion of said property or any part thereof. 5_ To pay all and singular tAe costs, tharges and expenses, inctuding a reasonable attor~ey's fee and costs of abatrads of t~tle, incur~ed or paid at eny time by sa~d MORTGAGfE, because w in the evenf of the failure on the part of ~he said MORTGAf,OR to d~ly, prai~p~ly and fu11y pe~iwm, d~scharge, execure, e(fect, comple~e, comply w~th and ab:de by each and every tFk stipulat~ons, agreeme~ts, cor+di~ions, snd covenanrs of sa~d pro~nisaory note a~d this mortgage any or either, and sa~d cos~s, charges and expenses, each ard every, shall be immediately due and payable; whether w not rhere be nonce ds mand, atrempt to collett w suit pend~ng; and the fvll amount of each and e~ery such payment shall bear interest from the date thereof until paid at the rate o3 nine per centum per anoum; and all said costs, charges and expenses incucred or paid, togelher w~th such interesl, shall be secured by the lien of th~~ mwtgsge. - 6. That (a) in the evenf of any breach of this Mortgage or delault on the part of the MORTGAGOR, w(b) in_ ~he event any of sa;d sums of money herein referred to be not promptly and fuliy pa~d within th~~ty (30) dsys neat after the same severafty become due and payable, without demand w notice, or (c) in the eveM each and every the stipulations, agreemenb, conditions and coveoaMS of sa.d prom;ssory oore ard th~: mortgage any or either are no1 iuty, piomptly and (ully performed, d:scharged, executed, eitected, completed, complied wiih and ab~drd by, tF~en in e~~her or any such evenl the said ag gregate sum mentioned in said promissory note then remaining unpaid, with imereft atcrued, and all moneys secured hereby, ihali become d~e and pay- abie forthwith, or rhereaFter, at the oprion of saed MORIGAGEE, as fully and tomple~ely as if all of the seid sums of money wc~e or~ginally st~pu~ated to be pa~d on such day, anything in said p~om~ssory note w in fhis AAortgage to the conrrary ncrwirhs~anding; and thereu~n or thereafeer a~ the opt~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be paosecured as if al! moneys secured hereby had matured pnor to da institution. 7. That in the event that at the beginning of w at any time pending any suit ~Fon this Nbrtgage, w to foreclose it, or to reform it, or to enf«ce payment of any claims he~eunder, said MOR~GAGEE sha{l apply to the Court having jurisd:ction ~hereo( for the appointmenf of s Receiver, such Co~rt shail forthwifh appoint a reteiver of said mwtgaged ptope~ty all and singular, includ~ng aIl and singular the income, prof~ts, issues ar,d revenues (rom whatever source derived, each and every of wh;ch, it be~ng expressly understood, is hereby mortgaged as if speufically set forth and dex.ibed iri tF~e granting and ~ habendum clauses hereof, and s~ch Receiver shaU have al! the broad and effedive funct:ons and powers in anywise entrusted by a Court to a Receiver, and such appointment ahall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and withoul reference to the adequacy or inadequacy of the value of the property mortgaged or to the sotvency or ~nso~vency of said MORiGAGOR o~ the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lie~ w equity of said MORTGAGEE and ~he practice of such Court. B. To duly, promptly and fully perform, discharga, execute, eifect, comp(ete, compty with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becumes vested in a person other than the MORTGAGOR, the MORTGAGEE, ita successors and assigns, may, without notice to the MORTGAOR, deal with such successor w s~ccessor in interest with referrnce to ih~s mo~tgage and the deb! hereby secuied in tht same manner as witl~ Mortgagor without in any way vitiating or d~uharging the fAortgagori liability her~ under or upon the debt hereby secvred. No sate of the premises hzreby mortgaged and no forbearance on the part of the /~10RiGAGEE o~ it~ successws or assigns and no extension of the t~me fw the payment of ?he debt h~reby secured given by the MORTGAGEE or its successors or au~gns, afiall operate to release, d~:charge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and Ihat no waiver of any obl;yation hereunder or of the obligation se- ? cured hereby shall at any time thereafter be he:d to be a wafver of the terms hereof w ot the instrumenf secured herby. 11. In add~tio~ to the iwego:ng monthty payments of pr~nc pa! and interest ~equired by the prom;ssary nQre secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each monthty payr~~ent an add~~ional sum esthnated by mortgagee to be equal to 1: 12 of the annual cost of the follow- ing: A-All -ea~ property taxrs levied or assezsed agai~st the above desc~i5ed reai estate. B-Premiums on fiie and windsrorm insurar.ce as herein iequ.red to be carried on tF~e improvemeats s~tvate on the above d~scribed premises. ' C-Premiums oa suth mortg;ge guaranty insurar,ce as mortgagee shall frcm t me to time deem fit to tarry on the laan secured hereby. Mortgagee shatl from time to time not~fy mongagor m writ:ng of ~he amw;m due and payable hereundrr and such su:n shall thereupon 6e due and payable on the due date of the next mo~rhly paymenr and each svccessive month fhe.eafter ur.til mwtgagee shatl notify mortgagor of a change in such a•~:ount. Such sums sha11 be applied by mortgag~e toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insurance p~emiums. IN ITNE55 WHEREOF the sa'rd MOR7GAGOR has hereunfo set his hand and seal the day and year first afwesaid. ned, Seal an ~ver i he sence of: L . :aI l///~~'w-'+?1 1/,/1~ti ~ : . ~.-._-(sceR, _ ` : - ?~~-~S~e )v. - ,L - STATE OF FLORIDA ~ ~ ~ ~ = _ : : _ COUNTY OF St . LUC1@ ~ v.= . C~~ ~c : ~ Befwe me penonally appeared W1111c1ID Reamer "~,_'"7 ~J~ Davina Hl. Reamer his wife, to me well known and knowri~lG1!lry~;tobs the individuats described in and who executed the fwegoing instrument, and atknowledged before me that they executed the same for the purposes therein expressed. And the said Davina M. Reamer +~~fe of the sa~d W1111c"17L Reamer upon a sepnrate and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volutr rar~ly and withovt any. compulsio~, constrai~t, apprehensi ear of or from her said husband. WITNESS my ha~d and offic~al seat this- day of A ril A_ D. 19 73 T ~ Notary Pub!ic in and i the St of Florida at Larfle My Commissicm eapires: ~ Return To: first federal Savings 6 Loan Associat~on O} fort P:erce. Fort Plerce. Flcrida ~~A J - ~ 1. . F1L~C ~K~~_ P.EC~~DED ~ / This Instrument Prepared ByR. L. StutZ St-~~','=•'"Y;~i~t~RS A ~ t First Federal Savin s 8 Loan Association R~ of Fort Pierce~ FlOrida CIE~-' _ -~`1 `'`~~~~j c-r'"" ~ Checked By aP~'O `~j 1Q p~ ~ goaK 212 p~~E 24?'7 , _ _ . . ~ _ _ _ _ ~ _ .