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HomeMy WebLinkAbout0476 1 t 9. To pt~c~ and con~inuously kcep a+ the bui:dings now a hereairer s~twt~ on ia~d land and oe+ atl equipmeot ~nd persa+ally covued by th~s m«~~ f p~, wl~h ~II premium~ ~hsreon pa~d in full, fire insur~nce ~n ~ho viual standa~d poticy Iwm, in a ium ~pproved by IF~ MORiGAGEE, and w~ndstam S insura~?c~ in tlw usual standa.d pol;cy fwm, in a sum approYed by the MORTGAGEE, in such compu+y w comP+n~~s +i ~M MORTGAGEE may ~ directj and alt fir~ and wi~d~tam intura~ca poliue~ on any of said build~nps, +ny int~~~sl eheroin or pa~1 thereof, i~ th~ ~yy~cp+~t sum afaeiaid w # in ~xcess the~eof, sMll contain ~M uiusl sundard mortgagee c1auH w ~uch other clau~ ~i ~M Mortpagae may requ~re, makinp tM Ioss unde~ sa~d polF Z cia, each and every, payable to seid MORTGAGEE ~s ~~i intereit m~y ~pp~ar, and each and avery tuch po~~cy shall be prompUY +i~ 9ncd and de?ivered ~o ~ny held by said MORTGAGEE ss fur~he~ secu~ity ~o said ma~ya9e deb~, and, not leu tMn tsn (10) days in advance of Ihe expir~tion of each policy, to da liver to iaid MORTGAGEE a renewal thereof, toye~he~ with a reteipt fw the p~emium of s~ch re~ewal; and Iher~ ~hill bt no fire or windsto~m insurance plscad on ~ny of said bvild~ngs, any i~teresl thereie a par~ thereof, unleu in the fo~m snd w~th tM bss payable ai afwes+id; and in the event any sum of mon~y becomes payable under such policy w policies uid MORTGAGEE shall have the opt~o~ ro receive and apply the ssme on accouro oi the indebted- nets secu~ed hereby w ro permit said MORTGAGORS to teteire and us~ it ot any part thcreof iw othcr puiposes, wi~hovt thareb/ waivi~y o~ ~mpair- ing any equity, lien a righ~ unde~ w by virwe of this mo:sgage: +nd in the event wid MORTGAGORS shall for any reason fai) to keep the said premises so insu~ed, w}si) ro deliver promplly ~ny of said policies of insurante to said MORTGAGEE, a fail p~omptly to pay fully ~ny premium therefor or in a~y respecl fail to perfwm, discharge, execute, effect, complete, comply with and ~bide by this covenan~, w+~y psrt hereof, said MORTGAGEE may place and pay fw suth iMUrante o? any pa?t thereof without waiving o~ affeclirg any op?ion. tien, equity. w right under or by virtue of thi~ Matgage, and the full amount of each and every such payment ~hall be immediately due and payable and shall be~r interest irom ths date thereof until paid a1 the ~ate ol nine per centum per annum and together with such interest shall be secured by the lisn of this rtwrtgage. To permit, commit w suffer no waste, impairment w deterioration of iaid property or any psrf thereof. 5. To pay sll snd singulsr the cost~, charges a~d expenses, including a reasonable attoroey's fee and costs of abstrects of title, inc~rred w paid at any time by said MORTGAGEE, bccause a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. execute, effec4 comple~e, compty wi~h and ab:de by each and every tha stipulafions, sgreemenn, conditiau, ind cove~ann of said promissory note and ihis mortgage any w eith~v, and said cosri, cMrges and expenses, each and every, sMll be immedistely due and payablr, whether w not there be nofice de ~ mand, anempt to coltect w suit pend~ng; end the (ull amount of each snd every s~rch payment ihall bear interest from ~he date tixrcof v~1i1 paid at ~he rate of nine per centum per annum; and all wid cosls, cnarges and expenses incurred or paid, togeihtr w~th suth interest, shall be secured by the lien of this mortyage. " " 6. 7'hat (a) in the event of any breach of this Mwtgage or deiault o~ the part of the MORiGAGOR, a(b) i~ the event any of said sums of money herein referred to be not promptly and iully paid wifhin thi~ty (30) days next affer the same uverally become due and payable, without demand o~ no~ice, or (c) in the event each and every the stiputations, agreements, cond~tions and covenants of sa~d promissory note and th~s rtartgage any w either are not iuly, promptly and fully performed, d~xharged, executed, eifected, completed, complied with and abided by, then in e~ther or any such evenf the said ag- gregafe wm mentioned in said prom~ssoty note then remaining unpaid, with imerest accrued, and all moneys setured hereby, shall become due and pay- eble forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if atl of the said sums of money were o+iginally st~pulated to be paid on such day, anything in sa:d promisswy note or in th~s Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice o? demand, suit at law or in equity, therefwe ot thereafter begun, may be prosetuted as if all mooeys secured hereby had rt?atured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or fo foreclose it, or to re~orm it, w to enforce - payment of any tlaims hereunder, said MORTGAGEE shall appiy to the Court having ju~~sd~ction thereof for the appointment of a Receiver, such Cwrt shall iorthwith appo~nt a receiver of said mortgaged property all and singular, includ~ng all and singutar fhe income, profits, issues and revenues from whatever source derived, each and every of which, it tx~ng expressly understood, ia hereby mortgaged as if spec:fically se1 fwth and dewibed in the g~anting and habendum cla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in a~ywise entrusted by a Court to a Receiver, and svch appointment sha~l b~ made by such Court as an admitted equity and a mattv of absoluYe right to sqid MORTGAGEE, and without referente to the a~equacy or inadequaq of the value of fhe property mortgaged w to the sotvency or insolvency of• seid MORTGAGOR a the defendaMS, and that such ren~s, profin, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said A11~RTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fuily pe~form, diuharge, exec~te, effect, complete, comply with and ab~de by each and every the stiputations, agreements, t condiYans and covenants in sa~d promissory note and ~his mortgage set forth. ' 9. That in the event the ownersh7p of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the } MORTGAGEE, iri successors and au~gns, may, wifhout notice to the MORTGAOR, deal with such successor or successw i~ interest with ~eference to this = morigage and the debt hereby secured in the same mannet as with Mortgagor without in any way vitiating q diuharging the Mortgagors' liakility herr ~ under w upon the debt hereby secu~ed. No sale of the Fremises hereby mortgaged and no forbearance on 1he part of the MORTGAGEE or its successors ~ or assigns and no extension of the time ~w the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate to ~elease, d~xharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or i~ psrt. 10. It is speu(icatly agreed that time is of the essence of this co~trac~ and that no waiver of any obligation hereunder w of the obligstan se- cured hereby shall at any time thereafter be held to be a waive~ of the terms hereof or of the instrument secured herby. 11_ ~n add~tio~ to the forego:ng month!y payments of princ'pal and interest required by the promissory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addrtional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ; ~ng: • I A-All real property tazrs le~.ied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be car~ied on the improvements situate on the above described.premises. C-Piemiums on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby_ Mortgagee shall from time to time notify mortyagor in writing of the amount due and payable heieunder and such sum shall thereupon be d~e and ~ I payable on the due date of the next monthly paymem end each success~ve month thereafter ur.til morfgagee sha0 notify rtartgagor of a change in such a,nount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty inwrance ; i f premiums. _ - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and dr~ered in the presence of: .CS~ R ert Allen son ~sn ' Sean dr@a G• John tse.o STATE OFfWR~w?- Sonth Carolina ~ ~ SS. COUNTY OF a~ e l[. rL~i 1 - Before me personally ppeared 0 RobeYt Allen Johnson a~ ~ Mdrea G. .10}11180Q his wife, to me well known and krwrr ~.ms to be the individuals described in and who executed the for oi ~nstr~ment, and acknowledged before me that they executed tlie aar~,. ~n~r ea G. John sn _ a~`; ~ therein ex pressed. And the said . r;,,~~~i;+~^~y'-'ir~ 'e--~~.:. i Ro Y A Jo n ' ~~"~,:wi. ~ wi'e of the said ~ r examination b y me taken se p arate and a p art from her said husband, atknowl e d ged to and before me that she executad. ~ ry4`~'~ Sly~~~a!~-`•~~ I tarily and without any compulsion, constraint, apprehensi fear of or frGm her said husband. ~ ~ i~ ~~l j%] 0 ' ' VQ . WITNESS my hand and official seal this ~ day of ' '{7~ °1~"~'' ~ _ : ~ _ a ublic n fw t at of~ ~ • n~ ` m „~,~~r~ ~ ~ ' ' { - e~r~.~ To: . `~~~Ql~/•:: - ~`~'A.• ' 1' First Federsl Savings 3 loan Association ~t~; ~ C~ Of Forf Pierce. . ~ Fon Pierce, Florida FILED ~NL~ RECORDE~ ' ST. LUCIE COUNTY FLA. ~ ROCEk PO~TR~S This Instrument Prepared By J~ H• Roberts JY• CIERK Ci~~WT COURT ~ ~ First Federal Savings 8~ Loan Association ' RECOpn v«+•~rE^ ~ t rof Fort Pierces FloY~da ~ ~aY 16 ~~,25 ~11 ~73 ~ Checked By BooK 214 ~~E 477 zs4so4 ' # ~ t~7. - - - - . - ' . . : y ~ ~ 's:--g~~ . ~3 ~ ~~c','°A 7'.. , '~.t .A c`~~ P _ ~ ~~P,r~~$1 ~w~.=`-5~"~'~4" ~.,~~W,c.~ _ ; ~ r .