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HomeMy WebLinkAbout0571 J. To plac~ and continvousty keep o~ tM bui'dings now w here~it~~ ~ituat~ on sa~d land and on alt equipment and personally covaed by thi~ ~nor~g~ ~g~, w~~h ~11 premiums thereon pa~d ~n fult, I~re insuror~ce ~n ~hs usual stsndard po~iq fwm, in ~ ium approved by ~h~ MORfGAGEE, and w~ndstwm inwr~nc~ in 1ht ufual itandard pol~cy fam, in a sum approved by tFw MORTGAGEE, in tuch tompany w tomp+nies as th~ MORTGAGEE may d'vectt and all (ire and w~ndstorm insura~ce pol~Nes on +ny o( iaid bvild~nps.' any int~n~t tht~ein w part thereof, In tM a~qrepate tvm afaesaid o~ in ~xceu tAereof, shatl contain the uswl standard ma~gaye~ clau~e o~ iuch otl?a cl~use as tM Mortyayee maY rcqu~r~, makinp the loss unda ss~d po1i~ ctei, each a~d every, payable to sa~d MORTGAGEE +s ~~s interest may appear, ~nd each snd eve~y svch policy ~hall be p~ompNy ass:gned and dalivered ~o •ny held by ssid MORTGAGEE as further security to said mortgsge debt, and, not leu 1Mn ten (10) days in advance of the expir~tion o1 eath policy, to da live~ 1o wid MORTGAGEE a renewal thereoi, tope~he~ with • ~eceipt fw ths p~anium oi wch ~enewat; and ther~ shall be no fire w rvindsto~m insurence pl~ced on ~ny of said buildings, ~~y interei? thereie w part thereof, vnlesa i~ the fwm ~~d with the loss psyabk ai afaesaid~ ~nd in the event +ny sum of money becomes payable undsr such policy w polic~es taid MORTGAGEE shsll have the option to receive and ~pply the same on account of the indebted- neit secu~ad hlrCby W ~O permif sa~d MORTGAGORS to ~eceive and uSf it Or any pa~t thereOf lor Other putposes, wi~houl th>~cu/ waiving or ~m~ir- ing any equiy, lien w right unde~ w by virtue of this mort9age; and i~ tM event iaid MORTGAGORS shall for any reason fail to keep the s+id premises so insured, w iail to de~iver promptly any of said policies of i~surance to said MORTGAGEE, a fail promptly to pay fully any p~emium therefw or in any respect fail b periwm, discharge, execvte, eftecl, complete, comply wi~h and abide by this covenant, a any part hereof, said MORTGAGEE may plsce and pay fw such insurance or +ny p+rt tFxreof without waiving w aifectinp any option, lien, equity, a right undea or by virlue of this Mwtgage, and the full amount of e~ch and every such payment aMll be immediately due and payable ~nd shall bear intere~l from ths date thereof until paid at tM rate of nine per cenrum pe~ annum and to~e~her with suth inrer:sr shall be secured by the lien of this mort9ege. 1. To permit, commit or sutfer no waste, impairment a deterioretion of said property or ~ny psA thereof. . 5. To pay all and singular the costs, charges a~d expenses, including a reasonable anorney's fee and wsts of abstrads of title, incurred o? paid at any tima by said MORTGAG:E, because w in the event of the failure on 1he parl of tM iaid MORTGAGOR to duly, promptly and futly {x?fam, d~~charge. execute, effecL complete, comply with and ab:de by each and every the stipulations, sgreemenri, conditions, snd covenants of ta~d promissory note and this mortgags any o~ ei?hm, and said costs, charges and expenses, each and every, shall !x immediately due and payable; whe~her w not the?e be ~otice de . ma~d, attempt to co11M or suit pending; and the fvll amouN of each and erery svch paymem shsll bear interest from the date thereof until paid at the rate of nine per centum per an~iu~~; and all said costs, charges and expenses incurred w paid, together w~th svch interest, shall be secured by the lien of thw mongage. 6. Tha~ (s) in the event of any beach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any oF uid sums of money herein referred to be not promptly and fully paid within thirty (30) days nea~ afte? the same uverally become due and payable, withou~ demand or notice, i or (c) in the. event each and every the stiputations, a9reements, conditions and covenants of sald promiswry note and th~s mortgage any or ei~fier are not + ~uly, promptly and fully performed, d~uharged, executed, eifected, completed, compl~ed with and abided Sy, then in either w any such event the said ag ~ gregate wm menYaned in said promiuory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall betome due and pay- i able forthw~th, or thereafte~, at the option of sa~d MORTGAGEE, as fully and completely as if all of the sa~d sums of money were aginally stipulated to be paid a? such day, anything in satd prom~ssory note w in this Mwtgage to the contrary notwithstanding; and thereupon or thereaiter at the op~~on ot said MORTGAGEE, without notice or demand, suit at law or in equity, thcrefore w thereatter begun, may be prosecuted as if all moneys secured hereby had matured pnot to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, a to foreclose it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdidion thereof fw the appointment of s Receiver, such Court shall forthwith appoint a receiver of said mortgaged property alI and singular, includ~ng aIl and singula~ the income, profits, iuues and revenues irom whatever ~ source derived, each and eve~y of wh~ch, it being expressly understood, is hereby mortgaged as if specifically set fwth and described in the granting and i habendum clauses hereo(, and such Receiver sha~l have all the broad and effective funct~o~s and powers in anywise entrusted by a Cou~f to a Receiver, and such sppointment shall be made by svch Court as an admitted equity and a maner of abwlute right to said MORTGAGEE, and without re(erence to the adequaty w inadequacy of the value of the property mwtgaged or to tFK so~vency or insolventy of said MG?RTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shall~ be applied by such Receiver according to the lien or equity of said MORiGAGEE arFd the p?actice of. such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, condiYwns and covenants in sa~d promisswy nore and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a ptrson other than the MORTGAGOR, the MORTGAGEE, iri succesiwsrand assigns, may, wi~Fw~t notice to the MORTGAOR, deal with such successw or successor in interest wi~h reference to this : mortgage and the debi heieby secured in the same manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' liability hera ! under or upon the de6t hereby secured. ~No sale of the premises hereby mo~tga9ed and no forbearance o~ the part of the MORTGAGEE or its si.ccesson s or assgns and no exte~siori of the time for the payment of the debt hereby secured g~ven by the MQRTGAGEE o: its successors o? auigns, ahall operate ~ to releau, discharge, rnodify change or aifect the original liability of the MORTGAGOR herein, either in whote or in part. 10. h is spec~fically agreed ihat time is of the essence of this contract and that ra wsiver of any obligation here~nder or of the obligstan se- # cured F?e~eby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ~ 11_ In add~tio~ to the forego:ng month~y paymants of princ pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each momhly payrnent an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- in~: A-All real property taxes levied or assessed agai•ist thc a6ove described real estate_ B-Prem~ums on fire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises. C-Premiums on such mwtgage guaranty insurar,ce as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. Nlortgagee shal! from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and 4 Fayable on the due date of the next monthty payment and each successive month thereafier urtil mortqagee shall notify mortgagor of a change in such i an,ount. 5uch sums sNall be applied by mortgagee toward the payment of real property taxes, insurance prem:~ms, and mortgage guaranty insurance ~ premiums. ~ IN Y11TNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first af esaid. ~ Signed, Sealed and delivered in the presence of: ~ an i R rt arnock a a R Carl a k . ~ ~ B abeth . Warnock s~an , Bli~abeth Jane Warnock ; STATE OF fLORIDA ' St. Lucie couNn oF 1 Before me personally appeared Robert C. Warnock a/k/a Robezt Carl Warnock a~ Elizabeth J. Warnock a a iza et ane arnoc - _ ~s wife, to me wel{ krawn and known to rsse to be the individuals desuibed in snd who executed the foregoing instrumeM, and ~I~d~d Eefore me that they executed t same fw the p~rposes IhereEn ~x~.es~d_ A?,d r?K ,~~a- Blizabeth J. Warnock a/K/a Blizabeth Jane Warnoc~ ,~~fe of the said Robert C. Warnock a/k/a Robert Carl Warn~,~„ a separste and private examination by me taken separate and apart from her said husband, atkrawledged to and before me that she exetuted said instrumeM freely and volurr rarily and without any compulsion, constraint, apprehe ~on r fear of or from her said husband. ~ WITNESS my hand and official seal thi day~of ~ A. D. 19 73 ,i ~ ~ . ~ ~ ~ Notary Public in and for t' ~~e~f- a.at Larye My Comm~uion ex Armes:~' 4f tt (J~RGe Return To: 110T ~ First Federal Savings a Loan Association ~1Y COY K~~'-~" ~~s 19~ ; ~ @nera~isy~~ce 11aAery~itery ; ~ ' Bon0e0• ' _ ~Q ~r~. _ Of fort P~erte. t'- ~ fQ . Pierce. F(orida ji= , ; j A,. ~ ; ~ ~ i ~ ~ 'y1 ~ ~ 1 FtLEQ AK~ BECORp~0 ~ ' ~ • ST. LUCIE COUMTY-F~A. '-,,,4 ••....---'~Ci`..~`~ ROCER FOI~RAS - ` . ,,-~'','7!~~{ic This Instrument Prepared By ' Gary F. Bllwood CLERK C~~CUfT COUR~ First Federal Savings & Loan Association RECORi~ Y~~,('~EO_.~,1 ~ of Fort Pierce , Flozida, . ~ .l~Y l6 3 ,Q9 ~!f '73 2545'74 ~ Checked By ~ ~ ~ gooK214 PAGE 5?2 i ; sb ` ~.:~aa ~ ~ t ~ t r;~ ~ _ - - - - ~ ,{.-sa ~ ~ - ~ ~ _ ~ _ _ ~ .