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HomeMy WebLinkAbout1500 To plac~ and continuousty k~ep on the bvi!dinq~ now or lwreafr~r utu~~~ on iaid land u~d on all equtanen~ and p~~wnally covaed by Ihis mwtp- q~. wi?h ~il p~amiums lhereon pa~d in lull, li~e inivranc~ in tM usual ~?andard policy fo~m~ in • sum ~pprov~d by tM MORiGAGEE, •nd w~ndsrwm +nwr~nce in tM uswl iancbrd po~~cy fam, io ~ wm ~pprov~d by ~Iw MORTGAGEE, in tuch company a companisi as ~h~ MORiGAGEE may ' directJ ~nd dl tir~ ~nd w~nds~orm insurinc~ polKis~ on any of iaid build~nps„ ~ny Inte?~st tht?ein w paA therpf, in ~ht agyreyN~ tum aloresaid a In ~xcess ~he~eof, sMll contain ~h~ us~el sta~ud mortpapN cl~v~e a suth oiMr claus~ as tM Ma~ya~N may requu~, m~?i~ tFw lou unda w~d polF cies. ~rscA ~nd svKy. payabte ro said MORTGAGEE a~ i~i in~eresl may appeu. ~nd each and ~very ~uch poi~cy ~hall be p?ompny su yned and del~vcred to ~ny Mld by said MORTGAGEE as further ucurity to said mort9age deb?, and, not I~u rM~ ~sn (101 days in sdvana o( ths expir~tion of each policy, ~o d~- " GvN to said MORTGAGEE • r~new~t ther~of, to9e~Mr wiiA a rect~pf fM the p?~mivm of tvth ~er~ewal; and +here sMU. be nb fi~e o~ wi~ds~o~m in~uranc~ pl~ced on any oi iaid b~ildings, ~ny inte~esf therein or put thereof, unleu in tM fwm ~nd with tF+~ lou paysbl~ ss atataid; ~nd In tM event ~ny sum of mon~y becanes p~yable u+~de~ cuch policy or policies said MORTGAGEE shall haw ~M option to receive and +pply the same on account of the indebted- neu ~etured htreby a to permil said MORTGAGORS to receiv~ and us~ it~w any part thereof fa other purposes, wiihout thereb/ waiving ot ~mpait• in9 any eq~ity, lien w ri9ht vnd~r or by virtw of this mo:syage; and i~ the event ta~d MORTGAGORS shall for sny reacon tail to keep the iaid premises so ~nsured, pr fail b deliver promptly se+y of said policies of insurance to said MORTGAGEE, a iail p~omptly to pay fully any premium therefor or in any respett fai~ to pertam, disch~rge, execu~e, e(fect, comptets, compy wi~h ~nd ab7de by this covenant, or sny part he~eof, said MORTGAGEE may p?ace and pay for such in~urancs or any part thereof without wsivin~ or affectirp any option, lien, equity, or rigM unde~ o~ by virtue of this Mongage, and the full amount o! each a~d every svch payment shall be immediately due and payabls and sF~all bear interest from ths date thereof until paid at the rate ol nine per ceMUm pet annur and to~ether with such intereat ahali be secured by the lien of this mwtgage. 1. To pe~mit, oommit or suffa r?o wairo, impairment or deterioration of uid property or any paA thereof. S. To psy all ~nd ~in9ular the cwn, charges ~nd expe~+ses, i~ctudinp s~easonsbis ~ttwney's fes a~d costs of absf~act~ of tFtle, Incv~~ed w pa7d a~ any time by saKl MORTGAGEE, beca~se a in the evenl of the failure on the pa?t qf ths iaid MORTGAGOR to duly, promptly and fully perform, d~xhargs, execute, effect, complete, comply w~th and ab:de by each and every the stipulafions, agreements, conditions, sed covenants of said promi:wry note and thi~ mortgage any a either, and sa~d costa, charge~ and expenses, each and every, shall be immediately due and payable; wlxther w not thcre be notice dr mand, atrempt to co~lect w suit pending; and the full amount of each ~nd .every auch paymee+t shall bear iMerest from the date thereof umil p~id at 1he rate of nine per centum per a~num; and all said costs, tharges and expenses int~rred or paid, together with suth interest, shall be setured by the lie~ of this mortgage. b. That (a) in the evenl of any breach of this Mortgage or defautt on the part of the MORTGAGpR, w(b) in the event sny of asid s~ms of mo~ey herein referred to bs not promptly a~d fully paid within thirty (30) days next after the same severatly become due and payable, wilhou! demand a notice, or (c) in tMe event each and evecy the stipulatio+~s sg?eements, conditions and covenanb ot sa~d promissary note and th~s mo?tgage any or either are not iuly, promptly and fully performed, d~xharged, executed, effeded, tompleted, complied with and abided Sy, then i~ either or any iuch eveM the iaid ag gregate wm mentioned in sa;d promisso~y note then remaining unpaid, w;th inrerest accrued, and all mo~eys secured hereby, shall become due and pay- able forthwi~h, w thereafte~, at the option oi said MORTGAGEE, as tuily and completely as it all of the said sums of money were wiginally ~t~pulated to be paid pn such day, anythi~g io said promissay note w in this Mortgage to the conrrsry notwithstanding; dMI 1FICICUPOA p 1Fi!/lD~iH DI fFIC pPtiOl1 Of said MORTGAGEE, without notice or demand, suit at law or in eq~ity, tFxrefwe p thereafter begun, may be prosecWed as if all moneys secured hereby nad matured ~wr to its institution. 7. That in the event that at the beginning of or at any fime pending sny wit upon this Mortgsge, or to forKlwe it, or to refam it, or fo enforce payment of aoy claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fw tF~e appointment of a Reteiver, such Cov?t shail Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and sim~ular the income, profits, iuues a~d revenues from whatever saurce derived, each aod every of which, it being express)y undersiood, is hcreby rr.ongaged as if specifically set fwth and desuibed in the yranting and habendum clauses hereof, and such Receiver shall have all tF~e broad and effective funct~ons aMl powers in anywiu e~trusted by ~ Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matta of absolute right to said MORTGAGEE, and wilipuf reft~ente to ?he adequacy a inadeq~acy of the value of the property mortgaged or to the to~vency or insolvency o( said MORTGAGOR w the BeFendants, and that s~,ch rents, protits, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE' and the p?actice oi such Courf. 8. To duly, promptly and fu11y perform, discharge, execute, effect, complete, comply with and ab~de by each and every the stipulations, agreements, conditions ar?d covenants in sa~d promisswy note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the NIORTGAGOR, the h'OR7GAGEE, its svcceuors and assigns, may, wirhovl notice to the MORTGAOR, deat with such successw or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating p diuharging the Mortgagors' liability F?err under or upon fhe debt hereby sec~red. fYo sale of fhe premises hereby mortgaged and no forbearance on ~he pa~t of rhe MORTGAGfE a its successors or assigns a~d no eztension of fhe time ;or the payment of the debt hereby sec~red given by the MORTGAGEE or its successors or auigns, slwtl operate ro release, discharge, modify change or affect the original liabitity of the MORTGAGOR fxrein, either in whole o~ in part. 10_ It is specifically agreed fhal time is of the esunce of this contratl and that nc waiver of any obligalion hereunder ot of the obligation sr cured hertby shall at any time thereafter be held to be a waiver of the ttrms hereof w of the inslrumeM setured herby. 11. In add~tion to the forego:ng monthly paym~nts of princ'pal and interest required by the promissay ~o~e secured he~eby, mortgagor cove~ants and agrees to pay ro mortgagee w~th each monthfy payment an add~~ional sum estimated by mortgagee to be equal to i/12 of the annual cost of the follow- in~; A-All real propery taxes levied p auessed against the above dexribed real estate. B-Prem~ums on fire and windstorm insurar.ce as herein requ;red to 6e carried on the improvemenfs situate o~ the above described premi:es. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured f~ereby. Mwtgagee- shall from time to time norify mortgagor in writi~ of the amount due and payabk i~ereunde+ and such sum shall thereupon be due and Fayable on the due date of the next monthly payme~t and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a change in such a~ount. Such sums shall be applied by mortgagee toward tIx payment of real property taxes, insurarxe prem;ums, and mwfgage guaranty insurante pwmiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the da ear first ~ lsaid_ Signed, Sealed a d' red in the p?esence of: , ,i . ~ •n t cs~n - ~Seaq STATE OF FIORIDA ~ - COUNTY OF ~ • LiC~@ ~ ` i Before me personafly appeared Frgnl[~~*1 w R rt~i~t and ' Q lArie g81R'~~e his wife, to me weQ knowo and known to me to be i ' +he endividuab drsu)bed in and who execwed tbe foregoirg instrument, and acknowledged before me that they executed the sarrk for the purposes therein expressed. Md the said 08181'~A AgZ'j'~ ,N1fe of the said ~'8L~1~1 A• RSI'Y'~8 vpon s xparete and private ' examination by me taken separate and epart from her said husband, ackrawledged to and befo~e me that she executed said inst~umenl frcety and votuo- :ar~ly and w~thout any compulsan, consrra;nt, apprehension, y~.#ear of or from her said husband. - ~y WITNESS my hand and official seal thi~ day of A I'~l a p, ~y~_ j , Notary Pub m and for the fate of F~y~' ida at Lar~e~ Re?urn To: My Comm ion expires: (v~ / Q j s , Firsf Fedeql Savings b~Loan Auociation , • Of Fort P~erce. _~.~y~~~.H~1~~~i, , i Fort Pier~e, Florida - . ~r~~t ' • ' ~ j • ; fn EOAMORECp~pE~- ! .S" • .r.' _ , tT. ~IfCIE COUNTY fU. ~ % ROCER POITRAS f~~~ ' _Zt'. ' This Instrument P~e ared B i~it. E. BPa?tlA CIERK CIiiCUIT COURT ~ P Y ~ RECORR VERIFIEO . ~ First Federal Savings 8 loan Association - ' ~ ~ . ~ ~ of Fort Pierce~ j~'j0~8 J;~ =t ~~1 9 d4 A17 sI3 % .r • . c 1 . .y .~i.-; ' ' Checked BY ~ ' i•~'~~ ~'.y~°~''4'' . 2530s9 ~ooK213 PAUE1498 ` , ii i - . ~ t ' _ s~~e M~~ . } _ _ . ' - ~ . - tij v_.