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HomeMy WebLinkAbout2114 3. To plac~ and con~inuously ktep on tM bui!di~ys now w M~eai~ar ~itwt~ on said I~nd and on all equipme~t and pa?on+lly covaed by this ma~p- p~, with all premiums thercon ps~d in full, fi~e iniurance in ~hs usual srondsrd policy form, fn ~ sum ap{xor~d by tF?~ MORfGAGEE, ~~d w~ndstwm insura~c~ in tM usual iundard pot~cy lam, in + ium approved by ~he MORTGAGEE, in s~ch company w comp+nies +i tM MORiGAGEE may dir~uj and •11 (i~• and winds?or~ insurence policiei on any of seid bvild~npa, ~oy in~~reit fFKrein a part thereoi, i~ tM ay9reyate ivm afaesa~d w 1n eacess Ihc.eoi, ihsfl contain ~he ~sual sundard mor~ya9a~ clavie w auch othN claus~ as ~t~ Mor~y~ye~ may requu~, matinp ~M los~ unde~ ~e~d poli- cies, each and ave.y, payable to uid MORTGAGEE as iti i~~erest may ~ppear, ~nd each and every ivcF? policy ~h~ll be promptty +ss yned and deliverrd ~o •ny held by said MORTGAGEE as turrher secur~ty to said matga9e deb~, and, not leu tMn ten (101 days in +dvanc~ oi the expiration of exh pot[cy, ~o ds- liv~r to said MORTGAGEE a re~ewal thereof, Iope~hN wi~h • rece~pt fo~ tM premium of tuch renewal; +nd there thall be no fi~s or winditorm insurancs placed on ~ny of said buildings. ~ny interesl therei~ a pa.t ~hereof, unleu in the fo~m ~nd with tM lou paYabl~ aa atweiaid; and in the event +ny sum of monty becomts payable under such polity a polKies said MORTGAGEE shall F~ave IM option to receive aod •ppty the same a+ +ccou~~ of ~he indabted ness utured hereby o? Io permit said MORiGAGORS ro rcceive and us~ it p any part thareof fw othc~ purposes, without th:rcb~ wai~ing o. u~~pa~.- ing any equity, litn w righl undn w by virtue of this morly~ge; end in th~ eveM said MORTGAGORS shall fa any reasw~ (ail to keep the s+id premisrs so insured, o? fall to deliver promptly ~ny of said polities of insurance fo said MORTGAGEE, w fail promptly to pay fully any p~e~niuin tlkre~or a in a~y reipett tail W perfwm„ discharge, exatuts, etfetf, complete, comply with and abide by this tove~ant, a aey part hereof, said MORTGAGEE may place arxl pay fw suth inwrante ot any part tAe~tof without waiving w affettinp any option, litn, equity, w~ight ~nde~ w by virtw of this Mortgage, and tMt full ~mwnt of each end every tuch paymenl shall be immediately d~e and payabte and thall bear interest from the date thereof un~il paid at the ~ate ot nine per centum per annum and togetAer with such interest shall be secured by the lien of this mortgage. 1. To permit, commit or suffer no wasro, impairment a deterioratio~ of said properry or any paH lhereof. 5. To psy all and singular the cosu, chs~ges and expenses, ~ncluding a reasw+~ble snorney's fee s~+d costs of abstrads of titts, incurred w paid s~ any time by said MORiGAGfE, because or in the event of the failure on the part of Ihe said MORTGAGOR to duly, promptly and fully perfwm, d~scharge. exec~te, effecf, tomplete, comply with and eb~de by esch and every the stipulations, sgreemenn, conditions, ~nd covenants o( said promissory note and this matgage ~ny or ei~he~, snd uid costs, ch~rges and expenses, each and eve~y, shall be immedistely due and payable; whethcr or not there be no~~ce de- mand, sttempt to collect or suit pending; and the fvll amwnl of each and erery such payment shall bear interest from 1he date tF?ereof until paid at the rare of nine per centum per annum; and all said coats, charges and expenses incvrred or paid, togather w~th such interest, shall be secured by the lien of thif mOrtg~ge. , b. 7}Nt ln the event of any breach of thu Mwtgsge o~ defa~lt on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money . i:erein referred lo be not promptly and fvlly paid within thirty (30) days ~ext after the same severally become due and payable, without demand a notice. or (c) in the event each and eve~y the stipulations, agreements, conditions and covensnts of satd promiuory note and th~s mwtgage any w eiiher are no1 ~uly, promptly and fully performal, d~scharged, executed, effected, completed, compl~ed with and abided Sy, then in e~thcr w any such event 1M said ag gregate s~m menYaned in said promi:sory note then remaini~g unpaid, with interest accrued, and all moneys setured hereby, ihall become due and pay- ao~e (orthwith, a thereafta, at the option of said MORTGAGEE, as fully and completely as if all oi ~he said sums of money were agi~ally it~pulated ro be pa~d on such day, anything in sa~d promissory note w in this Mortgage to the contrary notwithstanding; and thereupon a thercafter at the op~~on of said MORTGAGEE, without noiice w demand, suit at law or in equity, therefore w thereafter begu~, may be prosecuted as if all moneys secured hereby had matured pnOl to itf institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mongsge, or to fweclose it, or to refwm it, o~ to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction Ihereof for the ~ppointment of ~ Receiver, such Court shall Forthwith appoint s receiver of said mortgaged property all and singular, includ~ng all and singular the income, proiits, issues and rev~nues irom whatever ~ source derived, each and evcry o( which, it Ixing exp~essly unders~ood, is hereby mortgaged as if specifically xt forth and dewibed in tF?e granting ar+d habendum clauses hereof, and such Receiver shall have all the broad and effecrive funct~ons and powers in anywlse entr~sted by a Cour~ to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without re(erence to the adequacy or insdequacy oj the vslue of the property mortgaged or to the wlvency or insolvency of said MORTGAGOR or the defendants, and that such renis, profits, income, issues and revenues sha~l be applied by such Receiver according to the lien w equity of sai~l MORTGAGEE and the practite of such CouA. 8. To dufy, promptly and fully perform, d~uharge, execute, effect, complete, cort+ply with and ab~de by each and every the stipulations, agreemenfs, condiiwns and covenants in sa~d promiuory note and this mortgage set forth. 9. That in the event the ow~enhip of the mortgaged premises, or any part thereof, becomes vested in s person other thsn the MORTGAGOR, the r1'.ORTGAGEE, its successas and assigns, may, wi+hout notice to the MORTGAOR, deal with such successw w successor in interest with reference to thiu mortgage and the debt hereby secured in the same manner as with Mo~tgagor without in any way vitiating or dixharging the Mortgagori liabilily herr under or upon the debt hereby secured. No sale of the premises hereby mortqaged and no forbearance on the part of the MORTGAGEE w its successors or assigns and no extens~on oi the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ~ ro release, discharge, modify change w aftecl the orig~nal liab~lity of the MORTGAGOR he~ein, either in whole or in part. ~ r 10. It is speufically agreed that time is of the essence of this co~tract and that no waiver of any obligat~on hereunder w of the obligaYan sr cured FMreby shall at any tirrK thereafter be held to be a waiver ol the terms hereof w of the instrument secured herby. 11. ~n add~tio~ to the fwego:~g monthly payments of princ~pal and interest required by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payment an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- fn~: A-All real property taxes levied or assessed agai~sst the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the imp~oveme~ts situate on the above described premiseS. C-Premiums on such mwtgage guaranty insu~ar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shatl from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next month:y payment and each successive month thereafter until mortgagee shall notify mortgagw of a change in such a~.~ount. Such sums shap be appfied by mwtgagee towa~d the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance E premiums. - ; IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day s year firsf sforesai ~ S~gned, Sealed and delivered in the presence of: • ~ ~ W1111aID . ~ ZOi1 (Seal) ~ ~ ~ s~a~ J et K. Caneron ,~an 57ATE Of FLORIOA ~ $L . L11C1Q S5. COUNTY Of Before me personally appear~d W1111aII B. C31~IOI1 ~ a^~ S Janet K. Caaezon his wife, to me well known and known to-rn~ to be t the individuals desuibed in and who executed the fuegoing instrument, and acknowledged befwe me that they executed the same for, lhi purpOSes rherein expressed_ And the said Janet K. Caaeron ~ William B Cameron ` ~ f~ife of the said trpo~ s~i~ate"~nd'pfrvate examination by me taken separate and apart from her said husband, stknowledged to and before that she executed said 'Y~lj ntlnt freely, a~=vO~V~1- ranly and without any compulsion, constraint, apprehensi or fear of w from he~ said husband t f' ' - ~6 ' L- - . WITNESS my hand and official seal this~ day of 74. D. ;]A 4 ~ .P ~ ~ - _ ~ ,i Notary Public in a f the S~its of a st-larye~~•.: ~ My Commission expir ~ ~~~j C t ` , ~ Retum To: • I• ~ Ly' f o1, ~~7 J,~ 7 / ~ • i l First federal Sav:ngs 5 Loan Association 2534'7'7 . ~ C; . ~ Of Fort P~erce. ~ ~ ~ ~ Fort Pierce, florida _ ST LUC E COUMTY f~~. ROCE:. ~OtTRAS CLEkK C~::CUIT ~OURT This Instrument Prepared By Ga~y F. Ellwood RFCORC YERIFIEd ~ First Federal Savings & Loan Association ~ of Fort Pierce , F lor i da ~ 3' 14 pu 1 r~ ; Checked By } ~ _ ; ~ 50RK ~~J r~,CF ~~~1 i ~ _ - - - - - - - ~ ~ , .-f.~. ^ry. _ .z _ 'S ~`~`d k e , ' I!