Loading...
HomeMy WebLinkAbout1657 3. To plac~ and continuously keep on the bultd~ngs now or hereafta ~~tuat~ on sa~d Iand ~nd on ~Il equipment end plrfOnally covered by thii mw~g~ ~ ege, with alt {uemivms thereon pa~d in iull, fire insurance in the uiual iraodard policy form, in • sum app~oved by ~hs MORTGAGEE, and windstorm { inswance in tM usual i~anda~d pot~cy fam, in a sum approved by tM MORTGAGEE, in iuch compa~y or con+panies ~s the MORTGAGEE m+y t direu; and sU fi~e and windstorm insurance policies on any of se~d build~rys, iny interest ~herein or part fhereof, in th~ aggre9ete ium aiaesaid w ~ in exceu thereof, ~hall co~tai~ the usual :tandard ma~gagee clauss w suth otAer cl~us~ ~s 1he Matyagee may requir~, makinp the loss u~+der sa~d polr t ues, eath and ave~y, payable to ssid MORTGAGEE as ~ts in?ercit may apprar, and each and every tvch policy shall be promptly ass gned and detivered ~o ~ eny held by said MORiGAGEE ~s turthe~ security to uid mwtgage debt, a~d, nof leu than ten (10) days in advance of the eapi~ation ol each potity, to da l;ver to said MORTGAGEE a renewal thercof, together with a receipt fot the premium ot such renewal; and there shall be no f~re o~ windstorm insurance p~aced a? ~~y of said buildings. ~ny interesl therein w part the~eof, unles~ in ~he form and with the lou payable as sfwesa+d; and i~ the event any sum ~ oi money becwnes payable under tuch pol}cy a policies u;d MORTGAGEE shall have t1?s opGon to receive and apply Ihe same a? accounl of the i~debfed- . ~ ness secured h~r~by o. ro permir sa~d MORTGAGORS to ~cceive and use it w any parl thereof iw other purposes, \YIIFIOJ~ th>r~b~ waivi~ig or unpair- , ing any equity, lie~ ot. right urxkr w by virtue of this motlgags; ~nd in tAs event ~a~d MORTGAGORS sball iw any resson fail to keep the said premisrs so insured, w fail 1o delive~ promptly ~ny of said policies of insursnce to said MORTGAGEE, or fail promplly to pay fully any premium therefw w in a~y re:pett fail ro pafo~m, discharge, execute, effect, complete, comply wi~h and abide by this cove~ant, w any par~ hereof, said MORTGAGFE may place and pay for such insurance or any part thercof without waivi~g w affecting any option, lien, equity, w r~9ht under o~ by virtue of Ihis Mw~gage, and the full amounl of each and every such paymenl shall be immediately dw and payable a~d shall bear inierest from tha date thereof untit paid at the rote o} • i nine per centum pe~ annum and to~ether with such inte~est shali be secured by the lien of thia mortgage. t. To permit, commit o~ sufle~ no waste, impaumenl w deterioration of sa'~d property p aoy part tlxreof. ~ 5. To pay a!1 and singular the costs, charges snd expenxs, intluding a reasonable attorney i fee and costs of abstracts of title, incurred or paid a~ ' ~ any time by said MORTGAGEE, because w io the event of the failure on the part oi the said MORTGAGOR to duly, prompety and fvUy perfwm, dischaage, ~ execute, effed, .complete, compty with and ab;de by aach and eve?y the stipulat~ons, agreements, conditions, and covenants of said p~omissory note and this ~ mwtgage any w ei~he~, and u~d cos!s, chargcs and expenses, each a~d every, shall be immediately due and payable; whe~her or not there be not~ce de i mand, attempt to tolfect w suit pending; and the futl amount of each ar?d every such payment sha~l bear inferest irom tha date the~eof un~il paid at the rare of nine per ce~tum per am~um; and all said costs, charges and expenses incurred w paid, together with such interest, shall be secur*_d by the lien of this mortgag~. 6. That (s) in the event of any breach of this Nbrtgage a detault o~ the part of the MORIGAGOR, or (b) i~ the event sny of said sums of money .a harein iefer~ed to be nol promplly and fully paid within thirty (30) days nexf aife~ the sa~»e sevualty betome due and payable, without dcmand or notice, ~ or (c) in the evem each and every the stipulations, agreemeNS, condilions and covenants of sald promissory note and th~s mwtgage any a either are rwt iuty, prompNy and tuNy perfwmed, d~schacged, execused, effected, complered, complied with and abided by, then in elther o~ any such eveot the said ag- gregate sum mentioned in said promiuwy note then remaining unpaid, with interest aurued, and all moneys secured hereby, shatl betome due and psy- abte forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and compfetely as if all of the said sums of money were aginally sGputated ro be pald on such day, anything in sa:d pran~uwy note w in fhis Matgage to the contrary notwithstanding; and thereupon a thereafter at the opt~on of sa~d MORTGAGEE, witF.out notice or demand, suit at law w in equity, therefo?e or the~eaiter begun, may be prosecuted as if all moneys secured hereby had matured prror fo its insfitution. 7. ?hat in the event tl~bt at tMe beginning of w at any time pending any suit upon this Mortgsge, or to faeclese it, or to reform it, q to enforce paymero of any claims he.eunder, said MORTGAGEE shall apply to the Court having jurisdlction thereof fw the appointment of s Receiver, such Co~rt shall forthwith appoint a receiver of said mwtgagad proprrty a!! and sengular, includ~ng all and singula~ the income, proiits, iuues and revenxs from whatever seurce derived, each and every of which, it bee~g expresaly unders~ood, is hereby mwtgaged as if specifically set fath and dewibed in the granting and ha6endum clauses t~ereof,- and such Receiver shall have all the Fxoad and effective f~nct~ons and powers in anywise entrusted by a Cou.t to a Receiver, and svch appointment ahall be made by such Court as an admitted eqvity and a matter of absolute rigM to said MORTGAGEE, and without roference to the adequacy or inadequacy of the value of the proparty mortgaged or 1o the sowency or insolvency of said. MORiGAGOR or the de(endants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord'uig to the lien or equity ot said MORTGAGEE and the pracrice of such Court. ~ 8. To duty, promptly and fully perfwm, discharge, execute, effect, complete, comply wi~h snd abide by each and every the stipu(ations, agreements, i C con itions and covenanrs in sa~d promiuory ~ote and this mortgage set fath. 9_ That in rhe event the ownership of fhe mortgaged prem;ses, or any part thereof, becomes ~ested in a person other than the MORTGAGOR, the M,ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal wiih sw_h s~cceua or successw i~ interest with reference to this - rro~tgage and the debt hereby secured in the same manrser as with htortgago. wiriwur in any way vitiafing w dixharging the Mortgagori liabi6ty here- under w upon the debt hereby secured. No sate of the premises hereby mortgaged and no fo?bearance or? the pan of the MORTGAGEE or its suctesson or assgns and no extension of the time fw the payment of the debt hereby setu.ed given by the MORTGAGEE or its successon :v auigns, shall ope~ate ro re?ease, discharge, mod;fy change w a!lect the orig;nzl liab;lity of the MORiGAGOR herein, either in whole or in part. 10. It ;s specificatty agreed that time is of the easence of ~his co~tract and that no waiver of any obGgation hereunder or of the oblgation se- cured Fiereby shall at any time thereafter be held to be a waiver of the terms hereof or of the i~strument secured herby_ I1. In add~tio~ to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenanfs and agre¢s to pay to mo:tgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be eqval to 1/12 of the annual cost of the foUow- ~ng; A-A~I real prope.ty taxes levied or assessed agai~st th~ above descriyed real estate. ; B-Premiu~ns on fire and windstorm insurance as Ferein requ~red to be carried on the improvemenfs situate on the sbove described premises. ~ C-Premiums on suth mwtgage guaranty insurar,ce as mortgagee shall fram t~me to time deem fit to carry on the loan setured hereby. 3 i Mortgagee sha!1 from time to time notify mortgagor in writing of the amovr,t due a~d payable hereunder artd such sum shall thereupon be due and f 3vable on the due date of the next monthty payment and each successive month thereafter ur.tit mortgagee shaN ~otify mongagor of a change in such a~^ount. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem:~ms, a~xl mortgage guaranfy ' urance oremiums. - - IN WITNESS WHEREOF, the said MORTGAGOR Fas hereunto ut his hand and seal the day ar~d yea r a!w id. ~ Signed, Seated and delivered in the presence of: ~ ~ ob t D. Micba~l cs~,o • ` ` ~~~~a~) , , tiE~ „ ~ ~~F~_ Va.terie I.. 1?1i~-•~ ' 15 ~ ~ ea~ S i A7E OFamae~we Illinoi~, `J`•' _ '=C~•. ~ : - COUNTY OF ~ ~ . ' - ~ , •M'- ' ~ ~ ~ _ i Before me perwnally appeared ROb@rt Miehael - ; r~ t' I ~ c'j ' afld ' Vel~~e L~ Mi~~ael his wife, to me vaM~Cr~ofitji.andciynov~ei Jo'°me to be k the individuals deuribed in and who executed the foregoing instrument, and acknowledged before me that they ex the sam~ fw~~f+g.~poses Valerfe 1.. Michael - ~4' ~ 4 therein exprossed. And tlx sai r_ ++~fe of the said Robert Miehael up~S"A~1lV~pa~ste and private exam~nat~on by me taken separate and apart from her satd f~usband, acknowledged to a~d before me that she executed said instrument freefy and volun- i !arily and withovt any compulsion, constraim, apprehension, or fear of or from her uid husband. ~ WITNESS my hand and official seal this ,~ti-~r/ day of q, p, iq_ 73 ~ Q~.~.~ 2~ +~~EZ Notary Public in and for fhe State~-f~i~i~-af ~srge My Commisiwn e:pires: ~ Return To: F~ ~ ~p, ~•Y~rr~r LO First Federal Savings d. Loan Association Of fort P;erce. ~C~~^~ j d fort Pierce, Florida v r ; . r FILED Ah(~ rEC'vr~DEO ~ ST. LUClE ~pUHTr FLA. ~ This Mstrument Prepared By J~ H. Roberts, J=. R4'~`F F~rTRas First Federal Savings 8~ Loan Association CiERK Ct, ;;(~IT COURT of Fort Pierce ~ Florida pF~eR~ ~~~~n ~ Checked By ~ ~AY Z~ 3 42 PH ~~3 ~ ~ ~ 6~~K2~4 QA~E1656 = ~ ~g ~ , ~ -r cw~ ~~s+,v ,x.,~,~, ~ . _ . _ _ - ~ . ~ ;~t%~#a~~: . :r : s~`' ~ ~ - a,r~~u~ _ ~ _~-~S?__ ~c~~ N~~ _ _ . ~ ~~:~3.k~s.~;. .