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HomeMy WebLinkAbout2558 To ptau end con~~nuou+ly kcep on the !w~'J~ny~ rww or 1+ere~(t~r u~wt~ oo sa~d I~nd and on ~II rq:,~p:ne~t and pe~io~ally covr~ed by ~hit mwt9. p~, w~~h ali p~emwmi ~hercoo pa~d ~n tull, lue ins~r~nc~ in tha uawl ~~~nd~~d potK~ form, in •?um aywo.ed by ~he MORiGAGEE, a~d wind~~am i~su~~nce in ~M usual •~anJ~~d po~~cy lam, In ~ sum approvcd by tA~ MORTGAGEE, in ~uch canpa~Y or compa~:ss as IM MORTGAGEE May dueth ~nd all (ire and w~ndi~orm insu~ance policies on ~ny of Nid buiW~npf, ~ny iNtr~sl 1l+~~ein w pa~t ~hersot, in ~Fw aqqre9ate ~um ~fw~t.id a in ~aceu thc.eof, shall cootain ~he usual s~anda~d ma~paye~ cl~us~ o~ such othN cl~ow ~i ~M Ma~y~qH may requ;r~. ma?irp ~he lo~s unda ~a~d po1E ci~s. each and •very. payab!e to said MORiGAGEE as its in~eresf may ~ppsar, and e~ch and svcry tuch pa~c~ ~hall be p~omp~ly ass.9ned and dtlivaed ~o ~ny held by u~d MORiGAGEE ai furthe~ ucu.ity to said mor~9+y~ deb~, and, nW I~u tMn t~n p01 dayi in adwnce oi fhe eYp~rat~on of each policy, ro d~ IivN to uid MORTGAGEE a renew~l Ihereof. toqethtr with s nce~pl tw tFw premium ot wth re~~ewal; and iher• ~hall be ~o f.re or wind~~orm insurance pl~c~d on ~ny of said buildinpi. any inte~e~t ?h~r~in a part th~r~of, u~l~u in tIK (am ~nd with IM lou paYabl~ at atwesaid: and in tM ev~n1 any sum ot money tiecomet payable under such policy or pol~cies iaid MORTGAGEE shall Mw ths opt~on Io rece~ve and apyly ~he wme a+ account o! ~hs irdebtrd~ nea secured hereby or to permit said MORTGAGORS to rcceive and us~ it p any pa~t the~eof Iw ofner Hv~poses. w~~hour ~h~~~~bi wa~~~ng o. ~~+~pa~r- iny any equ~ty, lien w~ight under or by virtve_of ~his mortgaye; ~nd i~ Ihe ~venl s~id MORTGAGORS shell (or any reasoo (ail to keep ~he ssid premise~ w insu~ed, o~ (ai~ ~o de?iver promptly any of said policies of i~surancs to ~aid /NORTGAGEE, o~ 1a~1 promp?ly to pay fuf~y any pre~n~vm therelo~ a i~ anY respect lail to periam, d~scharge, execute, e(fed, completa, comply with and abide by Ihii cove~aN, or any par~ hereot, sald MORiGAGEE may pl~ce a~d paY fa such insurance or any part thereof wi~houl waiving or affectinp any oplion. lieo. equity. or rigM unde~ a by virtue of this Mwtgape. and Iht full amount of each and every iuch paymenl shatl be immediately due and p+yable and shatl bear intere~~ irom tM date thereoi until puid at the rate ot nine per ceMUm per annwn and to~ethor with such interesl shali be setured by 1M lian of Ihif mort9age. 1. To permit, tommit a suifer no waste, impairment or dete~ioration ot said propcry or +ny parl thereof• 5. To pay all and singular the cwts, charges and expenxs, including a reasonable attaney i fee snd coses of abstradt of title, incuned or paid at sny time by said MORTGAGfE, betause a in the event of the failure on the part of the said MORiGAGOR to duly, promptly and fully perfam, d~xharge. execute, effect, comptete, comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and thi~ mortgage any a ei~her, and said costs, charges and expenses, esch and eve~y, thall be immedia~ely due and payable; whether o~ not fAe~e be ~ot~ce d~ msnd, attempt to collect or suit pend~ng; and the full amount of each and every such paymeM shall be~. iroeres~ from ~he date thereof until paid at the rate of nine per ceroum per annurn; and aU sald c~sts, charges and exprnse: incurred a paid, logether w~th such interest, ihall be secured by the lie~ of thu mortgege. 6. That (a) in fhe evenf oi any breach of this Mortgage or default on fhe part of the MORTGAGOR, or (b) in the eveM any of said s~ms of money herein referred ~o be not pranptly and fully paid within thirty (30) days next afrer Ihe same severally betome due ~nd payable, withou~ demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mwtgage any o~ eithe~ a~e not ~uly, promptly and futly performed, d~xharged, executed, effected, completed, compl~ed with and ab~ded by, Ihen in either w any such event the said ag gregate sum mcntioned in said promissory note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall betome due and p~y~ able forthwith, or rhereafter, at ~he option of said MORiGAGEE, as fully and complNely as if all of the sa~d sums oi money were aginally stipulated to be pa~d on such d~y, anything i~ said prom~ssory note c~ in this Mortgage to the contrary notw~thstanding; and ~hereupon or thereafte~ a~ the op~ia? of sa~d MORTGAGEE, without r+otice or demand, suit at law w in equity, therefwe w thereafier begun, may be prosecuted aa if all moneys secured hereby had matured pnor to its instiwtion. • 7. That in ~hc event that at the beginning of or at any time pending any suit upon this Mortgage, a to faeclose it, or to ~eform it, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdlction ~hereof for the appointment of a Receiver, such CouA shall forthwith appoint s receiver of said mortgaged property all and si~gular, inclvd~ng all ar+d singular ~he iruome, proiits, issues and revenves from whatever source derived, each and every of which, it being expressly understood, is hereby morlgaged as if spec~fically set for~h aMl described in the grsnting and habendum clauses hereoi, and suth Receiver shalf have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and :uch appointment shall be made by such Cou~t as an ad,nitted equity and a matter of absolute right to said MORTGAGEE, and withoul reference to the adequacy a inadequacy of the value of the property mortgaged or to the soivency or insolvency of said MORiGAGOR p tF+e defendants, and that such rents,- profits, income, issues and revenues shall be applied by such Receiver accordmg to the ~ien or equity of said MORTGAGEE and the practice of such - Court. 8_ To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each aod every the stipulations, agreements, conditions and covenaros ~n sa~d promissozy note and this mortgage set fpth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such successw or successor in ipterest with reference to this mortgage and the d~ot hereby secured in the same manner as with Mortgagor without in any way vitiating or diuhargirg the Mortgagors liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no iwbearance on the part of fhe MORiGAGEE or its successors or auigns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w au;yns, shall operafe to release; d~scharge, modi4y change or affect the original liab~lity of the MORTGAGOR hae~n, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of tfiis contract and that no waiver of any ob~igation hereunder or of the obligafion sr cured hereby shaii at any time thereafter be held to be a waiver of the terms he~eof w of the instrument secured herby. 11. In add~tio~ to the faego:rx~ month!y paymants of princ"pal and interest required by the p~om~ssory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee vvi~h each monihly payrnent an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ ^9: . A-All real property taxrs lev~ed or assessed against the above described r:al estate. B-Prem~ums on fire and windsto~m insurar.ce as here~n requ~red to be carried on the improvements situate on the above dastribed premises. C-Premiurr+s on such mortgage gua~anty ir.surar,~e as mortgAgee shall from t:me to time deem fit to carry on the loan secuted hereby. ~ Mortgagee shall from time to time notiiy mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be due and E Fayable on the due date of the next monthty payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ amount. Such sums sF.all be applied by mwtgagee toward the payment of real property tazes, insurance p?em.ums, and mortgage guaranty insurance p~em~uma. ~ IN Y~ITNE55 WHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. l~5' ned, Sealed and elivered in tht presence of: ~"R n~ r 1 d ~ 1 n ~ na ld J. cs~~n ~ ~ ~ Scaq Patricia D;Lang ~s~ TATE OF FLORIDA ~ - St. Lucie u• COUNTY Of ~ Befwe me personally appeared ~~ld J.Langel PatZ1C13 Lanael his wife, to me well known and.kpowo to me to be thz individuals described in and who executed the fwegoing instrumMt, and acknowledged before me that they eaecuted the s~~e`~SN,ihe pu?poses Pat ricis D.Langel ' ~ ~ = therein expressed. And the said : Donald J.-Langel wife of the said ~ u rspps~y~"arR~'p1~'v+te examination by me taken separate and apart from her said husband, acknowledged to and before me that she executad fa. trumedt~ ~eEly-ari~ y!durr rarily and without any compulsion, constraint, apprehe ~on, or fear of or from htr uid husband. ~ r, WITNESS my hand and official sea) this day of~~~ _ Ap~31 ' O 1•~ ~j;~Q7a ~ ~ = Notary Public in and fw the St ~ ~Fbndptj~~gt•' ~ • My Commisiron e:pires: ~ ~ Retum To: , . Fint Fcderal Savings 3 loan Association ~ oi Fo~t P~erce. ~TARY PUBLIC~ SUTE d FLDRIDA st lARGE - ~ MY COMMtSSiON EXPIRES SEPT. 25. 1975 fort Pierce, Florida ~ ~ ~~s ~ t,p. rJ ~EO ~NO ~~coROEo iT. ~uci[ c~ouNtr F~~. This Instrument Prepared ByJohn Ml• Collins ROCfA PO~TR~g ~ First Federat Savings 8 Loan Association OI~RK ~~i.;~~T gpURT ~"~l ~ of Fart Pierce ~ Rlorid~ ~~~~R~' ~fR~fiEO.~,~~ Checked BYi.-~--- ~~O ~ 3Z 1 M~~3 js 251'729 80GK 212 raCr 2559 _ ~ :