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HomeMy WebLinkAbout0215 Ts pt~o~ and con~~nuously k~~p on tM buitdinps now a 1+~rea:tK ~itwt~ oe~ ~aid land ~nd on dl equipm~M ~nd ptrsonally tovNed by thif enal~ ; p~. wMh ~il ~~miwn~ the~wn p+~d in tull, fire insuranc~ in ~h~ usua~ ~tandard policy fwm. in a tum ~pprov~d b~ tM MORiGAGEE. and w~ndstorm imural~bl- M Ih~ wwl ~tandard pol~cy fam, in • sum ~pproved by tM MORTGAGEE, i~ wch company a compan~~s tM MORTGAGEE m~y d'wt4 Mi ~Q fk~ a~:d wtndstorm ie~wrana polKisi on ~ny of s+id build~npa, ~ny Int~n~t thtr~in w part,lherwi, in IM ap~rcy~t~ wm afa~uid a M~coMS NNnof, sMll contain ths ~e~wl standard mor~9apt~ cia~H w suc1~ o1M~ tl~~s~ as tM Mort~aq~e may rpvu~, makiny tM lost unda sa~d po~4 ciM, ~ach and wKy, p+yable ro s~~d MORTGAGEE a~ iu intcrest may ~ppeal, ~nd each and eve~y s~ch policy ~hall b~ prompHY ~u.9^ed and delivered ~o any Mld by s~ld MORiGAGEE as furtha security to iaid mortgsys debt, a~d, no~ I~s~ thae+ ten (101 day~ in advanc~ of tM ~xpiration oi e+ch policy, ~o d~- pwr IO uid MpRTGAGEE • re~ewal thereo/, tope~hK with a receipt for ths p~mivm of t~th rtnew~tp H+d tMn ihall be no fire o~ windato~m insur~nc~ pl~ad an wryr of said b~Ildirgs, any interest ther~i~ a p+r1 tF»raof, unleu in tM fwm and witA tM bss payabl~ a afaeuidj ~nd 'u+ tM ~v~M any tum ; of ~noewy becan~s payable unde? such pol~cy or policies wid MORTGAGEE ~hall haw tFw opt~on ro~eceive and +pply the s+ma on +ccoun~ of ~he indebted ! rnt~ s~turtd haeby or b pe~mit said MORTGAGORS 1o receive and us~ it w any pa.t the~eof fw other purposei. w~thout thereb~ waivi~ig or ~mpo~r- irp ~ny puity, lien a right unde~ a by virtw of this mo:t9ape; and in tM event t+id lNORTGAGORS sF?~II fw a~y reswr? fsil to kaep the a~d p~emisea so iRaured, a fail to deliver promptly +ny of said policies of insu~ance to uid MORTGAGEE, w fail promptty to p+y fully ~ny premium therefw w in any respect fail b perfwm, diuharge, execu% etfecL complete, compiy with ~nd ~bide by this covtnant, a any psn hereof, taid MORTGAGEE msy p~ace +nd paY for suth inwrants o~ ~ny part fhtreof wirhovt waiving o~ affactinp ~ny option, lien, eqvity, or right under w by virtw of this Morf~ape. ~nd the full snaunt of each and svery such payment shall be imrt~ediately due u+d payabk u?d shall bear interest from the date thareof ~~til paid at tM rats of nine per ce~tum per annum and ro~ether with such interest shall be secured by the lien of thls mwtp+ge. ~ 1. To permit, commit or, suffer no waste, impairme~t or deteriwation of said propafy or ~ny p~rf thereof. 5. To pay all and sinputar tFa costs, ch+rpes snd expenses, inclvdinp ~ ressonabk attwney's fee and costs of abs~racts of title, incurred a paid at any time by said MORTGAGEE, betause a in the event of the failure oe? ths pan of tM said MORTGAGOR to duly, promptly and f~lly perfwm, d~uharge, execute, effect, complete, canply with and ab:de by each and every the supulat~ons, agreements, cond~~ans, and covenann of said prom~uory nore and ~his mortyape any o~ eitl+er. and said cosri. tharge~ and ezpenses, esch and every, shall M immediately due and psysble: whether w not tlxre be notice d~ ' mand, attempt ro mllecf or suit peoding; and ths full amovnt of each and every such payment shall bear interest fran ths date thereof ~ntil p~id at the rate of nine per centum per annum; and all wid costs, charges and expenus incurred or paid, togetlur with tuth inter~tt, shall be setured by the lien of thii m«roag.• 6. That (a) in the arent of any breach of this Mortgape w defsult w? the part of the MORTGAGOR, w(b) in the event ~ny of s~id sums of money herein referred to bs not promptly and fully paid within thirry (30) days ~ext after the same uverally become due snd payabk, witho~t demsnd or notice, or (ta i~ ths event each and evary the stipulations, agreeme~ts, conditions and coven~nts of sa~d promiuory oote and th~s mortyaye u?y w either are nol iuly, promptly and fully perfwmed, d~scharged, cxecuted, effected, compkted, compl~ed with snd abided by, then in eitF?er or any such evem ths uid ag gr~ate wm nxntioned in said pranissory note then ~emaining unpaid, with intercst ecuued, and all moneys setured hereby, shall betome due and p+y- t able fwthwith, or thxea(ter, af the option of said MORTGAGEE, as fully and completely as if all of the said wma of money were originally stipulated to be paid on such day, a~ything in sa~d p~omiuory note w in this Mortgage ro the contrary notwithstsnding; and tlxreupon w thereaha~ al tM option_ of said MORTGAGEE, without notece w demand, suit at law o? in equity, therefo~e or thereafter begun, may be proaecu~ed as if all ~wneys sacurad hereby had matured priw to its institution. 7. That in the event that at the beginninp of or at any time pending any suit upon this Mortgsge, or to foreclose it, w.to reform it, w to enfwce paymenf of any claims F+ereunder, said MORTGAGEE shall apply to tF~e Co~r1 having jurisd;aion thereof fw the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the incort~e, p~oiits, iuues and revenues irom whaterer source derived, each and every of which, it bNng expressly unclerstood, is Fxreby mwtgaged as if spetifically set fath and desttibed In the granting snd ; habsndum clauses hereof, and such Receiver shall have all the broad and effective funcnons ;nd powers in anywise entrwted by a Cou?t to • Receiver, and ~ such appantment shall be made by such Court as an sdmitted equity and a matta of abwlute right to ssid MORTGAGEE, and withoul reference to the ~ adequacy or inadequacy of the value of the properry mortgaged or to tF+e soivency w insolvcnty of said MORTGAGOR a the defendants, end that such renn, profin, incane, iuues and ~evenues shall be applied by s~ch Receiver according ~o tF+~ lien or equity of said /NORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d'ncharge, execute, effect, complete, comply with and ab~de by each end every the stipulations, agreements, conditions and covenants in sa~d promissory r+ote and this mortgage set fath. 9. That in the event the ownersh~p of the mortgaged premises, w any parf thereof, becomes vested in a person other than ihe MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deat with such succeua or successor in interest with refere~ce to this mortgage and the debl hereby secured in the sa.-ne manner as with Mortgagor without in a~y way vitiatirg a discharging the Nbrtgagors' li~bility hers- under a upon the drbt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successors or assigns and no extmsion of tF+e tirrK for the payment of the debt hereby setured given by tF~e MORiGAGEE or its succeuors w sssigns, shall operate ro rolease, dixharge, malify thange or affett the wiginal liability of the MORiGAGOR herein, either in whole w in psrt. 10. It is specifica~ly agreed tRa1 time is of the essence of this contrad and that ~o wsiver of any obligation hereunder a of the obl'gation sr cured hereby shsll at any tirtK thereafter be held to be s waiver of the terms hcreof or of the instrument setured herby. ~ 11. In add~tio~ to the forego'ng monthly paymenti of princ'pal and ineerest required by the pranissory note secured hereby, mortgsgo? covtnants and agrees to pay to mortgagee with each monthiy payrnent an add~~io~al sum estimated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ~ _ , ing: - A-All real property ta:es levied or assessed against the above described real estate. _ B-Premiums on 1~re and windst«m insurance as herein requ;red to be carried on the improveme~ts sitvate on the above desvibed premises. ~ G-Premiums on such rr.ortgage guaranty insurar.ce as mortgagee shsll from time to time deem fit to csrry a? the loan secured hereby. > Mortgagee shall from time to time notify mortgagor i~ writing of the amount due and paysble hereunder and such wm shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mwtgagee sFwll notify mortgagor of s change in wch amount_ Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mottgage guaranty i~surance ~ oremiuTi. . ~ IN WITNE55 WHEREOF, the said MORTGAGOR has h.:reunto set his hand and seal tFx day and yea? first aforessid. ~ed, Seakd and del'ver ~ presence of: ~ ~ ~ lv / ~_7 ~:1/7Gl 1-Lt(~J f1~E0 ~NO RECOROEO '~~~`~i"'~~ (seaq 5T, ~UCtE COUNTY fLA. R zt I.ee S b a~ - ~ IIOCEa ?OITItAS - CLfRK CIi:.,U1T COURT l~~t~ ~ • ~ ~q ~ ' RECORD VEp~F~EO~ }~tilda P. Saitb ~~p STATE OF fLORIDA MA~'~ 9 Z~ ~H'~~ couvnr oF st _ Lucie ~ S5~ 25429'7 ` ~f„~ ,~,e ~,~uy aP~a,~d } 1 Robezt Lee S~Zh e~ ~ ~ ~r~i~ A r . Jia iY his wife, to me well krawn and krawn to me to bs 4 rhe indiv'~dusls described in and who execvted the foregoing instrument, and sckrawledged before me that they executed the same fw the purposes ~ rherein expressed. Md the Matilda P• Ss~tl'1 Robert Lee Saith '?"f~r Nife of the ssid upop ar' a ~te examination by rt+e taken separate and apart from her said husband, ackrawledged to and before me that she executed said i!Mtru~~ . ly ~i~lun- tarily and witho~t any compulsion, constraint, appr~j hensio~, or fear of or from her said husband. ~'~'.'•'•.~a. WITNE55 my hand and offici~l ual this D~ day of U:~ Nofaryr Publ~c in and for the Stite ~~I~a d La ~ A~ ! ~ My Commission e:pires: - Z ' ~ Return To: Firtt federsl Savings 3 loan Association . JF ~ E,~~~ Of Fort Pierce. . 1~~~'sr~',~~~^„ ! Fort Pierce, florida ' ._:•~~~y~~ i s , 7~ 7,/, ~ This Instrument Prepared By Gat y F. Bll~wod oF F~O R I D A~ First Federal Savings 8~ Loan Association S~? E stannp tax 1 of Fort Pierce , Fla. DO___,~N,,,,,MENTARY.`. ' ~ ~Pr. oF RErEt+uE r- 3 9. 4 51 ~ Checked By ~ • 0 R _ = ~.::t~i'73~ ~ ~oo~~.~~ 2~.~ ^ ~'02 ~ - ~ sb ; t } _ _ _ - - - - - ° E `f~'~~"'~ 3~ ~ s-a.~r~ ~.=-r . , . ~'T r; . . ~ -kr . . . . . . .y_~$:r.~~~E.~`..~,_. . . . .