HomeMy WebLinkAbout2044 9. To plac~ and con~~nvously keep on 1he bui:dinpti now a haeafts. fituat~ o~ se~d land and on all eq~ipnsnt ~nd pe~son~~ly tovared by this mw~~-
~y~, with ~11 ~xsmiumf Ihn~eon pe:d in full, fire insur~nce in th~ uswl sta~xlard po~ip fam, i~ • sum app~oved by tM MORfGAGLE. ~~d windslwm
in~u~anc~ in 1M uswl ~~and~~d poi~cy fam, i~ a sum ~pproved by ~h~ MORTGAGEE, in fuch compa~y o~ compan~e~ as the MORTGAGEE may
d'u~ct; •nd all iir~ and w~nditorm iniurance poGc;~s on •ny oi •~id build~nys; ~ny fMere~t thtiein w part ~he.~ol, in IM a~qreqaie tum ~ta~u~d or
in ~xc~ss Iheroof. tMll contain tM uswl slandard mortyaqee claus~ w iucA o~ha~ clauf~ a th~ Matope~ may rpu~r~. msMinp ~he loss under sa~d poli~
ciss, eath ind ~vHy, payab~~ fo sa'd MORTGAGEE as ib in~zres~ may ~ppear, ~nd each ~nd •very ~uch policy shall bs promptly ats pncd and delivered ~o
•ny hsld by said MOR(GAGEE as (urnc~r sewrity to said mortgsga debt, and, not less th~n len (10) days in adwnce of the exp~~a+~on of each poGty, to da
I~v~r to uid MORTGAGEE • renewal thereof, tope~M? with a nce~p~ fw tM p~~mivm of iuch ~enewal; +nd ~her~ ~MIt be ~o f~re o~ wind~~orm insuror?ca
plac~d o~ ~ny of said buildinys, ~ny intaat therein w part thereof, unless in ~he iorm and wi~h 1M lou payable ss aforesaid; and in tht evenl any sum
of mon~y becomes payable under such poiicy w policies iaid MORTGAGEE ~hall have the option to receive and apply the same a+ accovnl of the indebted-
ness secured hereby a a perm~t said MORTGAGORS ro receive and use it w any part thereof fu other purposes, v.~~hout ~h:.~u~ wai~~ng er m~pah-
in~ any eqv3ty, lien w right u~dar or by vi?tus oi Ihii mo:t9~ge; and in Ihs event ~aid MORTGAGORS shall fa any reason f~i) fo keep the said p~emisrs so
insuretl, or fail ro deliver p~omptly a~y of said policies of insurince to said MORTGAGEE, o~ (ail promptly to pay futly ~ny pre~nium therefw a in a~y
reipect fsi) ro perform, discharge, execute, ef(ect, canplete, comply wi~h and abids by thii covenant, o~ ~ny part hereof, isid MORiGAGEE may pl~ce and
pay (w such insurance w sny part Ihercof w~thout wsiving or affectinp any option, lien, eqv~ty, or right under w by virtue of this Mortgaga, and the
full amov~t of each and every iuch p~yment shall be immedia~ely dw and payable ~nd shall bear interesl from ths date lhereo( until paid at the ra~e ol
n~ne per ce~wm pe~ annum and ~o~eiter wi~h such ime~es~ shall be secu~ed by ths lien of this mortgage.
To permit, commit or suf(er no waste, impairment w dete~ioration of uid property w any part thereof.
5. To pay all and singulu the cosri, chargea and expenses, including a reasonable atrwney i fee and costs of abstracti of title, incuned w paid at
any time by said MORTGAGfE, because or in the event of the failure on the part of the ssid MORTGAGOR to duly, p?omptly and fufly perform, d~scharge.
execute, effed, complete, comply with and ab:de by each and every the st7pulanons, agreements, conditions, and cove~ants of said promiswry note and this
mortgage any w ei~her, and satd costs, cMrges and expenses, eacA and every, shall be immediately due and payable; whethe~ w not there be ~otice da
mand, attempt to collect a suit pending; and the full amounf of each end evcry such payment ahall bear interest from the date thereof until paid at the
rare of nine per cent~m per an~:um; and aIl said costs, charges and exprnses incurred or paid, together w~th such interest, shall be ucured by the lien of thii
motlg~ge.
6. That (a) in the evcM of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) i~ the event ~~y of ss~d tums of money
herein referred to be not promptly and fully paid within thirty (30) days neal after the same severally become due and payable, without demand or notite,
or (c) in ti~e eve~t each and every the stipulations, agrcements, condilions and cove~ants of sa:d promiswry note and th~s mortgage any o~ either are ~of
~uly, promptly and fut~y performed, d~xharged, executed, effected, completed, compl~ed with and abided ~iy, then in e~ther a any such event the said ag
gregate sum mentioned in said promisswy note then remaining unpaid, with interesl accrued, and atl moneys aecured hereby, shall become due and pay-
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the uid suma of money were a~ginally st~pu{ated t
to be patd on such day, any~hing in sa:d promissory note w in this Mortgage to the contrary notwiths~anding; and thereupon o? the~eafter at the op~~on of
said MORTGAGEE, without notice o~ demand, suit at law or in equity, therefore o? thereafrer begun, may be prosecuted as if all moneys secured hereby i
had matured pno? to its inslitution. ~
7. That in the eve~t that at the beginnirg of or at any time pending any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce ;
payment of any claims hereunde., said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof for the appo~ntment of a Receiver, such Court shall - f
forthwith appo~nt a receiva of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenucs from whatever
source derived, each and every of which, it being expreu~y unde~atood, is hereby mortgaged as if spec~fically set forth and dewibed in the g~anting and
habendum clauus hereof, and such Receiver shall have sll the broad and efiective funcnons and powers in a~ywise entrusted by a Court to a Receiver, end
:~ch appointment shall be made by such Court as an admifted equity and a matter of absotutr right to said MORTGAGEE, and withwl reference to the
adequaq w insdeqvaty of the value of the property mortgaged or Io ~he sowency or insolvency of said MORTGAGOR d the deftndanti, and that such
renrs, profits, incort~e, issves and revenues shall be applied by such Receiver according to the lien w equity of wid MORTGAGEE and the pradice of such
Court. ~
8. To duly, p~omptly and fully perform, discha?ge, execute, effect, complete, comply with and ebide by each and every the stipulations, agreements,
conditans and covenanrs in sa~d promissory no?e and this mufgage set for~h.
9_ That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such succeuor a s~ccessor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgago~ without in any way vitiati~g w diuharging the Mwtgagors' liabitity here-
~nder or upon the debt hereby sxured. No sale of the premises hereby rteortgaged and no forbearance on the part of the MORiGAGEE w its successors
or assigns and no extension of the tlme for the payment of the debt hereby secured given by the MORTGAGEE or its successort ot ass~gns, s1w11 operate
ro release, d~uharge, modify change or affect the orig~nal liab~l~ty 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 that no waiver of any obligation hereunde~ or of the oblgatan se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the inslrument secured herby.
11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mwtgagor covenants
and agrees to pay to mortgagee vvith each monthly payr:ent an add~rional sum est~mared by mortgagee to be equal to 1/12 of the annual cost of the fo~low-
ing:
A-All real property taxes Ievied'or assessed aga~„st the above describerd real estate.
B-Premiums on fire and windstorm insurar.ce as here~n requ;red fo be carried on the improveme:?ts situate on the above described premises.
' C-Premiums on such mwtgage guaranry i~surar,ce as mortgagee shatl from t;me to time deem fit to carry o~ the loan secured hereby.
Mortgagee shall from time to time noti/y mortgagor in writ~ng of the amount due and payable hereunder and such wm shall ihereupon be due and
I~i ~ayable on the due date of ~he neat morohly payment and each successive month thereafter urti~ mortgagee shall notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranfy insurance
~ remiums.
~ WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto ut his hand and seal the'day and year first aforesaid.
~ ned, al a e' er in th presence o• - ~y v ~
~ '~-'2a" / (Seap
' % C imon ashin to aq
% aq
~ Willie Mae Washinqton ~~ai~
SiATE OF FLORIDA 1
COUNTY OF St. LUC1@ j ~
Before me personally appeared Cli~On Washington a~d
Willie Mae Washington his wife, to me well known and known to me fo be
the individuals described in and who executed the foregang instrumem, and acknowledged before me that they executed tF~e same for the purposes
therein expressed. And the said h?iliie ~e Washington
,~~fe of the said - CZlIDOII Washington , vpon a separate.i!1d privste
examination by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrument fSeelr ana'volur?- .
rar~ly and w~thout any compulsan, constraint, apprehensic~n, or fear of or from her said husband. •
WITNESS my hand and official seal this ~ZL~ dsy May A D. 19_=_7~; -
C' ~ ° - -
° ~ ' Notary Public in end fw the Sta of Fleri t Large -
. c, :
~ ~ My Commission expires: ~ M ~ ~ ~ ! '
Rer~rn To: ~ N:~TA Y~'F~'?'~~:yT1~E of Fld~fOA tt L~Rt$
First Federal Savings 3 loan Association ti'Y f.0:'', r:;`;'r(~i~:kF(~; ~~[Gf•~Av ~~;rs
Of Fort P~erce. " , - _ . .1 ._~z:~:eV~Qe~:itr~s. ~
~ Fort P~erce, ftorida ' y~, • y 41,
. . ~
~ FI~Eo ~Me RECOaoE~ -
=T, WCIE COUNtY FL . C
~ ~ocEa ao?Ta~S
~ T his Instrument Prepare d By ,)ohn W. CollinsCIERK C ~ E'; U~T~OURT~
F i r s t F e d er a) Savin gs 8~ loan Association R Er,01ta VER'~~EO~
~ of Fort Pierce s F lozi d a ~~3 2 53431
~ ~ Z 3 sz PM ~
Checked By t 8 ~
~2.~3 ~~~p4~
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