HomeMy WebLinkAbout1498 3. To pix~ and continuously keep on tl+~ bui!din~s now o~ he~eaiter ~ituat~ on ia~d land and o~ ali cquipm~et and pawn~ily covNed by thi~ mw~p-
ay~, wi~h ~11 premiurrw ~hereon pa~d in full, i~re insuranc~ ~n ihe u~ual i~a~dard polKy torm, in a sum ~pprov~d by ~he MORiGAGEE. and w~nditam
ir,wra~+c~ i~ tM uiw) iundard pol~q fam, in • sum apprcved by tM MORTGAGEE, i~ sucA compa^Y w comM^'ei +s ~M MORTGAGEE ~n+y
di~Ktj and all fi~e a~d wlnds~orm ir?suranc~ polK~ei on any of ~aid bvild~npi. any inter~~t ~herei~ a part therwf, in ~he ~rcp~te sum afa~ia~d a
in ~xces~ thereof, iMll contain tha usual standard mor~9age~ clavs~ a such o~ha claus~ tM Mw~y+9ee ~^~Y rcquu~, makinp ~M lou unda sa~d poli~
cis~, each and ev~ry, payabl~ to iaid MORTGAGEE as iti in~e.est may ~ppear. and each and ~very tuch po~icy ~hall be promptly a?s 9ned snd delivered ~o
any held by aid MORTGAGEE a~ furtha security to uid mortgage debt, and, not leis tM~ tK? (10) days in advanc~ ot ths ~xpiratioe~ ol each policy, ~o dr
I~vN to iaid MORTGAGEE • r~newal thereof. to~~her wi~h • reteipl fw the pr~mium of ~uth renewal; ai+d then ihall b~ ~o fi~~ a windswrm insu~anc~
plat~d on any of said buildings. ~ny i~teres~ therei~ or p+~t therwf,- unleu in tM fam and wi~A ihe lou psyable as •fw~said: and in tF+e even~ a~y ium
of money beca++es payable under such policy ar polkies uid MORTGAGEE shall have ~M option to receive snd apply the sa~+~e on +c~uunt of the iodebted~
neu secu~ed hereby or ro permit uid MORTGAGORS to rcteive ~nd use it a any parl thereof fw other purposes, w~~ho~t ~h:~eu~ wai~ing o~ ~~~~pair-
ing a~y eq~ity, lien or right under w by virtve of this mortgsge; and in tM ~vent said MORTGAGORS ?hsll fw any reaion fail to keap the s+id premisrs ~o
insu~ed, or f•il ro deli~er promplly ~nY of said policies of insurance to sa~d MORTGAGEE, w tail promptly 1o paY fully any p?emium the~efor w in a~y
respect fsil b perfwm, diuharge, execute, effect, complete, comply with and abide by this cover+ant, w sny par~ hereof, said MORTGAGEE may pl~ce and
pay fw :uch insurance or any p~~t thereof without waiving o~ ~ffecting any option, lien. equity. w right under a by virlue oi this Mwt9age, and the
full ~mount of each and evay such payment shall be imrnediately dw and payable and ihall besr interes~ from the date tlxreof u~~if paid at the rate ol
nine per centvm per annum and to~ether with such interest sMll be secu~ed by the lien of this mortyage•
1. To permit, commit w suffer no waste, impsirme~t w deterioretion of said property w any parl tlxreof.
5. To pay all and singular the costs, chs?ges and expenses, ~~+cluding a reasonable ~tto~ney'i fee and costs of ~bstrscts of title, incurred o~ paid s~
eny time_ by said MORTGAGfE, becaux or in the evsnt of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge.
execute, effed, complete, comply with and ab;de by each and every the stipulations, agreementt, conditions, and covenanb of said promissory nole and thii
mortgags any or either, and said costs, charges and expenses, exh and every, shall be immediately due and payable; whethe? w rat there be no~ice da
mand, attempt to collect or suit pending; and the full arta~M of each and e~ery s~ch paymem shall bea~ interost from ~he date thereof u~til paid a1 the
rate of nine per centum per annum; ar?d all said costs, charges and expenses incurred u paid, togelher wilh suth i~terest, shall be setu~ed by the lien of this
mortgage.
6. That (s) in the event of any breach of this Mortgage w default on the part of tl~e MORTGAGOR, w(b) in the ave~t any of said sums of money
herein referred to be not promptty and fully paid within thirty (30) days next after the san+e seve~ally betome due and payable, without demand or notice,
or (c) in the eve~t each and every the stipulations, agreements, conditions and covenants of said promissory note and th~s mortgage a~y or either are nol
iuly, promptly and fully pertwmed, diuharged, executed, effected, completed, complied with and abided ~y, then in either or any svch event the said ag
gregate sum menYaned in said promissory note then remaining unpaid, with imerest accrved, a~d all moneys aecured hereby, ~hall become due and pay-
able fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and comple~ety as if all of the sa~d sums of mo~ey'iaere orginally st~pulated
to be pa~d on such day, anything in said promiuory note w in thia Mortgage to the contrary notwithstand~ng; and ~he~eupon w ahe+eafter at the opt~on of
sa~d MORTGAGEE, without notice o~ demand, suit at law or in equity, therefore or thereafter begvn, may be proxcv~ed ss +f a~~ m9~eYS ~cured hereby
had rt?atu~ed priw to its institution. ~
7. That in tt~s event that at the beginning of a at aoy time pending ~nY suit upon this INo+tgage, d to faeclose it, or to reform it, or to enfwce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju~~sdiction lhereof (or the appointment of i Receiver, suth Cov~1 shall
forrhwith appoint a receiver of uid mwtgaged propeAy ad and singular, inclvd~ng all and singular the income. p~oi~ts, iuues and reven~es f~om whatever
source derived, each a~d every of which, it being expressly understood, is he~eby mortgaged as if spec~fitally set fwth ~nd desuibed in the granting and
habendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~ons and powers in anywi~ entrusted by s Court to a Receiver, and
such appointment shall be made by such Cour~ ss an admitted equity and a matter of absolute right to said MORTGAGEE, ~~d without reference to the
adequacy or inadequaty of the vatue o( the property mwtgaged or to the so~vency or insolvency of said MORTGAGOR tx the defendants, a~d that such
renrs, profits, income, issues and revenues shsll be applied by such Receiver accading to the lien or equity of said MORTGAGEE and the prattice of such
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8. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with and abide by each and every the stipulatio~s, agreements,
condit'wns and covenants in said promisswy rwte and ~h~s mortgage set fath.
9. That in the event the ownership oi the mortgaged premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw or sutcessor in interest with reference to thia
mortgage and the debf hereby secured in the same manner as with Mortgagw without in any way vitiating a dischsrging the'Mortgagori liability herr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE w its sutcessws
or assigns and no extension of the time for the" paymero of the debt hereby sec~red given by the MORTGAGEE or its successors or aui9ns, shall operate ~
to release, discharge, modify change w affect the orig~nal lianil~ty of the MORTGAGOR herein, either in whok or in part. . F
10: It is specifically agreed that time is of the essence of this contrad and that no waiver of any ob~~gation hereunder w of the obligstion sr j
cured hereby shall at any time thereafter be held to be a waiver of tfx terms hereol or of the instrument secured herby. i
11. ~n add~tion to the forego:ng. mor~thly payments of princ'pal and interest required by the p?omissory nore secured hereby, mortgagor' covenants
and agrees to pay to mortgagee vvith each mo~thty payrnent an add~iional sum est~mated by mortgagee to be equal to 1 j 12 of the annual tost of the follow-
ing:
A-All real property taxes levied w assessed against thc above described real estate.
B-Premiums o+~ fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate on the above described premises.
i
' C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem tit to carry on the Iean secured hereby.
i Mortgagec shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such wm shal~ thereupon be due and
~ ~ayable on 4he due date of the next month:y payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a charge in such
~ amo~nt. $uch sums shail be applied by mortgagee towaid the payment of reaf property taxes, insu•ance prem.ums, and mortgage guaranty insurance
p~emiums. !
IN Y~ITNESS WHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea~ firsf aforesaid.
Signed, Sealed and delivered in the presence of:
(~a4
i L n Sisson ~q
~ cs~n
Roseaar is n se,~
STATE OF FLORIDA
COUNTY OF St • LL1C1@ ~ ~
Before me personally appeared t-a'nny J. $1SSOI1 a~ .
Rosmarv S1550II his wife, to me well known and known to me to be
the individvals described in and who executed the fwe8oing instrument, and acknowledged before me that they executed the same (o? the purposes ~
therein expressed. And tht sai' Roseaary Slsson ;
w~~e of the ssid Lanny J. S~SSOTf _ ~pw~ a separate and private ~
examination by me taken separate and apart from her said husband, atknowledged to and before me thaf she executed said instrument freely and volun- ~
rarily and without any compulsion, constraint, appreF~ens~on, w fear of or from her said husband.
WITNESS my hand and official seal thi< day of A rl~^ a~: i9 :-73 ~
; • • , ~
~ ~ Notary Publit in and for fhe af Isr~~•. _
Y ~
I My Commiuion expires: ' s • '
, Norl~Rlc , ~R.,,SraTE ot FioR~D~atinRGE ,
Return To: -
First Federal Savings ~ loan Associat~on ' ~ K~ EX~~RE~~ DE~~-~2~ 1975
Of fort P~erce. BOIW~~~~ie~N Insu~ot~1J~lri'rriter~.
• C( : ~v
Fort Pierce, Florida 7~
~ FILEO Allp R y~': f;
T~ ~
ST.LUCIE C ''n~,i~,~~,,.. • €
ROCfa POi1'RS~ ~ ~
~ This Instrument Prepared By JOhn W. Collins ~~ERK CIF~CUIT COtA1T
First Federal Savings 8~ Loan Association RECORD VfR~~1E~ 3
. of Fort Pierce~ Rlorida ~ ~ ~
Checked By ~ ~
zs3oss j $
e~~r2~3 P~~E1496
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