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HomeMy WebLinkAbout2032 To place and continuously k~ep on tFw bui:d~ny now w hereaf~a ~i~uat~ on fud I~nd and on all equipmeM a++d p~nonatly cova~d by this enortq~ ~p~, with all p~emium~ Ihereon pa~d in tutl, (ire insuranc~ in ~M usuat standard policy form, in a tium approved by the MORiGAGEE, ~nd windstam iniur~nc~ i~ ~M wwl s~andard po~~cy f~m, fe a fum ~pprov~d by ~M lNORTGAGEE. In wch company a canpan~„ as ~M MORTGAGEE ~nay di~Klj ~nd all fi~~ and wi~ditorm insur~na policies on any of wid buiWin~t, iAy IMNf3) tFN?!in OI p~~t thCrt01, in tl+e a~g~cQ~te wm afaesa~d a in ~ac~u ~hereof, ~hsll contai~ tM uiwl s~andard mp~9ap~e claus~ a such o~he+ claus~ ~i tM Mw~~p~s m~y ~equ,r~. ma~inp ~FN b~s under sad poti~ cies, eacA and ~very, payabl~ w iaid MORiGAGEE as its interes~ may appsa~, ~nd each and tvery t~tA polity fhall be promp~ly ~ss yned and de~~~esed ~o ~~y Iwld by said MORTGAGEE as fur~her tccu~ity ~o taid mwtya9e debf, and, ~+w les~ tMn ten (101 days in ~dvanct of tF+e eapir~t~o~ of e+ch poticy, to dr IivN ?o said MORTGAGEE • ~enewal ther~of, tope~Mr wi~h a rece~pl fa tAe Q~~m;wn of such rensw~l; and ~here shall 1» no fue a winds~orm iniurancs p~ac~d on ~ny oi ta~d birlldinyi. any i~ter~~t thereie a p+rt therwf, unleu in ~M (am and w~~h tM loss payabk as •fwaaid: and in ~1w eve~t ~ny wm of mor»y becanes payabl~ u~da such policy n pol~c~es uid MORTGAGEE ihall haw ~he opt~on ro rece~ve and apply fhe iame on account of tl~e indeb~ed- ness secured heraby a ro pamit said MORTGAGOitS to reteive snd use it w any part thereof fa othe. pwposes, w~~hout ~h~rab~ wai~i~v~ or ~~~~pa~~- ; inp any puity, lien o~ right unde~ a by virlw of this morty~ge; +nd in tM tvcnt ~ud MORTGAGORS shall fw any reason isil to keep ~he said premisrs so insur~d, o~ fail ro detiver promptly ~ny of said policies of in~urance to said MORTGAGEE, w fail promptly to psy fully ~ny premium thereiw a in a~Y reipect fail ?o perform, dischargs, exacute, efiM, cawplete, comply with and abid~ by this covc~an?, a any part he~eof, iaid MORTGAGEE may p~+ce a~d paY fa tuch insurance or ~ny parf thereof without wsiving w affectinp any oplion, li~n. equity, a ~ight unde~ a by virtue ai Ihis Mw~gsge, and tht full amount of each s~d every such psyment iMll be immediately dw and pay~ble and shall bear interest from 1Fa dat~ thereof until paid at the rate ol nine per centum pa snnum and together with such interest shall be secured by the lien of this mortg~ge. 1. To permif, commit or suffer no wute, impairment w detcraration of said property w ~ny p~rt thereof. 5. To pay all snd singvla~ the costs, chuges snd expenses, including s resso~abte afto.ney i fee and cosrs of abstracts of title, incurred w paid a~ ~ any time by uid MOR(GAGfE, because a i~ the event of the failure on ~he par? of the said MORTGAGOR to duly, promptly snd fully perform, d:xhsrge, ~ execute, et(ed, complete, tomply with a~d ab:de by each and every the stipulations, agrerments, ca?ditions, and covenants ol said promiswry note and thu , martgspe any w eitAer, +nd sa~d cosb, cMrget and expenses, each and every, sh~ll be immediately due and payable; whethe? a no~ the.e be notice d~ mand, attemp~ ro collect or tuit pending; ~nd the full amount of each and every such paymeM shaU bear interest fram ~he date thereaf until paid a1 ~he rate of nine pe~ centum per am~um; and all said costs, charges and expenses incurred or paid, together w~th suth interest, shall be secured by the lien oi this mort9sgt. 6. Ths1 in the event of any breach of this Mwtgage or default on the part of ~he MORTGAGOR, or (b) in the event •ny of sasd sums of rtw~ey herein referred to be not promptly and fully paid within thirty (30) days next afte~ the same seve?ally becbme due and payable, without dcmand or notice. or in the event each and every the stipulations, agreements, conditians and covenants of sa~d prom~ssory rwte and th~s mo~tgage any w either are not iuly, prompNy and fully perfwmed, d~scharged, executed, effected, completed, complied wifh and abided by, then in e~tF?H o~ any such event the uid ag gregate wm mentioned in said p~omissory rate then remeining unpaid, with interest accrued, and all moneya xtured hereby, shall become due and pay- able fwthwith, a thereafter, at the option of uid MORTGAGEE, as fully and completely as if all of the said sums of mo~ey were o+~ginally st~pulated to be pald on such day, anylhing in said p~omissuy note or in this Mortgage to the contrary notwithstanding; a~d thereupon o~ thereafter at the opl~on of sa~d MORTGAGEE, without no~~ce or demand,'suit at law or in equity, therefore or thereafter begu~, may be prosecuted as if all mw~eys secured hereby nad matured pr~or to iti institution. . • 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fwetlose it, o~ to reform it, w to enforce 4 paymcnt of any claims hereunder, said MORTGAGEE shall apply to the Covrt having jur~sd~dion thereoi iw the sppointment of a Receiver, such Coun shall forthwith appoint a receiver of said mortgaged property all and singular, includmg all and singular the income, profits, issues and revenues from whatevc~ source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set fwth and dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effettive funct~ons and powers in anywise entrusttd by a'Car~t to a Receivtr, and :~ch appointment shall be made by such Courf as an admitted equity and a m+ner of absolute 'right to said •MORTGAGEE, and without ~eference to the adequacy a inadequacy of the v~lue of the property mo~tgaged or to the sowency or insolvency o( said MORTGAGOR or the defendants, and that such renis, profits, irxome, iuves and revmues shall be applied by s~ch Reteiv~r according to the lien or equity of said MORTGAGEE and tFK practice of wch Courf. 8. To dul , om tl and futl fwm, dischar e, execute, effett, co lete, com 1 w~th and abide b each and eve the sti lations, reements, t Y W P Y Y P~? 9 mP P Y Y ?Y P~ a9 ( conditaro and mvenants ~n said promissory note and ~his mortgsge'set fath. 9. That in ?he event the owncrship of the mortgaged premises, or any psrf thereof, becomes vtsted in a person other than the MORTGAGOR, the ` MORiGAGEE, its succeuws and asaigns, may, without notice to the MORTGAOR, deat with such succeuw o~ successa in interest with reference to this mortgage and the debt hereby secured in the same. manner as with Morfgagw without i~ any way vitiating or diuha~ging the Mottgsgors' liabi~ity herr unda or upon the debt hereby secured_ No sak of the premises hereby mortgaged and no forbearance on the part oF the MORTGAGEE or its successors or assigns and no extension of the time iw the payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, shall operate ~o release, d~scharge, modify change or af(ect the original liab+lity of ~he MORiGAGOR Ix~ein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder a of the oblgstion sr cured hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tio~ to the forego:ng monthly payments of princ"pal and interest required by the prora~ssory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each montl~ly payrnent an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real propeAy taxes levied or assessed agai+~st the above described real estate. . B-Premiums on fire and windstorm insurar,ce as herein requ~red to be carried on the improvemeits situate on the above described premises. C-Premiums on such rr.ortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Nbrtgagee shatl from time to t~me notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and 'f Fayable on the due date of the next monthly payment and each successive month thereafter urtil mwtgagee shall notify mortgagor of a change in such ~ amount. $uch sums shall be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance. p~emiums. ~ IN ITNE W EOF, th aid RTGAGOR has hereunto set his hand and seal the day and yesr first aforewid. ' al a deliver ' the nte of: ~ ' aq Davi or is n ~a~ \ _ Q Sean d y OfY15 _ Seaq S7ATE OF FLORIDA ' couNn oF St . Luc i.~ ; u- seto.~ ~~~3o~tty appeared David G. E. Morrison a~ blary B. Morrison his wife, to me well known and known to me to be the individuals desvibed in and who eaecuted the foregoing instrument, and acknow{edged before me that they exetuted the same for the purposes therein expressed. And the said Ma ry B. Mor r i son David G. E. Morrison wi/e of the uid upo~.a rate and-prtivat~ examination by me taken separate and apart from her said husband, scknowledged to and before me that she e:etuted said instrueflE~lt reely, aird vodrr rarily and witbout any compulsion, constraim, apprehe= ionjo~~fear of or from F~er~aid husband. : t-,~ ~i, WITNE55 my hsnd and officlal seal this day of ` April • ~Q~~T~ ~ " , ~ , r . ~ ; n N tsry Public in a for he Statp~o~ F Tda }t ~lirge , My Commission expires: L7_~~, C : Return To: • ~ ~,p: ' ' ~ ' 1~ ~ ; ~ j First Federal Savings 6 Loan Associat~on • ~ O( Fort P~erce. 7 J • ~;t 1\~ Forf Pierce, Fbrida ,',~f~~~~~N~?~ ftLED Al+G acCOHOED ST. LUCIE CJUNTY FIA. ROC~a jo?TR~S This Instrument Prepared ByJ.H. Rot~erts, Jr, CIERK Ctit:.U~T COURT First Federal Savings 8 Loan Association pECOPD VEF if~ED of Fort Pierce . F lo r i da Y` " p Checked B~- ~IAY ~ 3 Sl 1 H'73 253425 Y Bo~x 2~3 ~~9 _w - - - _ ? ~ ~ ~.~*y~. .