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HomeMy WebLinkAbout2009 J. To pl~ct and co~~in~ously kcep o~ tM buitdin9s now a hereafte~ titwq on s~id land and on all equipmen? and personilly tov~red by this mo~t¢ i +p*, with ~II pr~miumi tMreon pa~d in full, fire iruvrance in th~ usual ~tandard polity twm, in a ium approved by ~M MORTGAGEE, and windstorm ~niw~e?c~ in IM uswl ~~~ndard pol~cy torm, in • wm app~oved by tM MORTGAGEE. in tuch company a companies as tl+~ MOR~GAGEE may . dir~cf~ ~nd a11 fin and w;ndstorm in~uranu policiei o~ any of said build~~gs, any inHrist lhsrei~ w part thereof, in tht a99req~t~ tum atortiaid w in ~xMti IhHp~, ~hail contain ths uswl ~tandard mortga9N claute or ~uch otMr clau~ IM Mwty~y~e may requl~e, maliop the losi unda sa~d potF cias, each and tvay, pay~bl~ ro aaid MORTGAGEE ai its iMerosf may appear, and each and every ivch policy shall be promptly at~:qned and d~livered to . sny hsld by uid MORTGAGEE ~s fur~her secu~ity to u~d mort~a9~ debt, ~nd, ~ot leu tMn ta? (10) days in edvance of tha expiration ot each policy, to d~ liver to iaid MORTGAGEE a renewal Ihe~eof, topethK with a receipt fw the premium of iuth renewal; and ~hero thall be no /irs or winds~am Insur~nce w'"• P~at~d ort any of said buildings, any ln?c~esl thaein or pa~t ~F+sreof, unleu in the form ~nd wi~h tF?~ lou payable as afwesaidt and in the eveM any s~m ~ of mon~y bacprna payable v~dsr iuch policy w polities said MORiGAGEE shall h~ve the option to receive and apply the same on acco~nt of 1M indebted ~ neu iecv~ed M?eby a?o permit said MORTGAGORS ro ~eceive and use !t or any parf thereof for other purpoaes, without thareb/ waivi~~g or ~mpair- + iny any puity, lien w right under or by vi~tue of ~hl~ m~:yage; u+d in IM ~vent aa~d MORTGAGORS shatl fa any reaw~ fail to keep ths s+id premiies so j insured, q isil fo delive~ promptly aoy of said polities of inaursncs to said MORTGAGEE, w fail promptly to pay tully any premium therefor or ln ~ny ' 1 respM fiil to perform, discharge, executs, effecl, complete, comply with u+d abide by thii tove~ant, a ~ny part hereof, said MORTGAGEE m~y pl~ce and ~ pay fa tuch iniu~ance or any part lhereof wi~hout waiving a ~ffedlrg ~ny optian, lien, equ~ty, w rgh~ under or by virtue of this Mortgsge, a~ the lutl amount of each end evary sucA payment shall be immediately due and paysbls and shall bear interesl from ths date tlu~eof vntil paid at the rat~ of nine per centum per annum and together with suth interest sFwll be secured by ths lien of this mwtgage. ~1. To permit, commit ot suffer no waste, impairment a deterioration of said prop~vty or any psrt thereof. S. To pay aU and singular the cosh, charges and expe~ses, including a reasonable attwney's fee a~d costs of abatrads oi titte, incurred or paid st any time by said MORTGAGfE, becavse a in the event of ths failure on fhe part of ~he taid MORTGAGOR to duly, promptly and fuUy pe~form, diticharge, execute, effect, complete, comply with and ab~de by each and evcry the stipulations, agreements, conilitions, snd covenants of said promissory nots and this martgsye any or eitf?e?, and uid cosh, charges and expenses, each and every, :ha!! be immediately due and payable; whether w not there be notice d~ mand, attempt to co1{ett or suit per?ding; and the tull amouM of each end evcry s~th payment thall bea? intercst from the date thereof ~Mi1 p~id a1 the rate of nine per centum per a~num; and all said costs, charges and expenses ineurred o? paid, Iogether w~th svch intereit, :halt be setured by the lisn of fhis mortyags, b. That (s) in the erent of ~ny breach of this Mwtgage or defavlt on tM paA of the MORTGAGpR, or (b) in the eveM ~ny of said sums of money herein raferred to be ~ot promptly and fully paid within Ihirty (30) days next afte? the same severally become due and payabte, without demand w notice, or (d in ths event each and every the stipularions, agreemems, conditions and covenants of uId promiuory note and th~s matgage any or eithe? are not iuly, promptly and fully performed, discharged, executed, effected, completed, compl~ed with and abided by, ttxn in either or any ~uch event the said ~g gregate wm mentioned in saitJ promiuory note then remaining unpaid, with interest acuved, and all moneys secured hereby, shall betome due and pay- able forthwith, w thc~eafter, at the option of said MORTGAGEE, as ful~y and completety ss if all of the wid wms of money were otiginally stipulated ro be paid on such day, anything in said promiuory note w in this Mortgage to the contrary notwithsfanding; and thereupon or thertafter at rhe option of said MORiGAGEF, without notice or demand, suit at law w in equity, tlx~efo~e or thereaiter begun, may be prosecuted as if all moneyt secured hereby had m~tyred pr+or to its institution. 7. That in the event that at the begin~;ng of or at a~y time pending any suit upon this Mortgage, w to fweclose it, w to refwm it or to enforts payment of anr claims hereunder, said MORiGAGEE shsll apply to the ~ourt having ju~isdiaion thereof fw the appointment of a Reteive~, such Court shall forthwith appoint a reteiver of said mortgaged property atl end singular, includ~ng all.a~d ~ingular ~he income, p?ofits, issues and revenues from whatever source derived, each and every of whKh, it being expressly understood, is hereby morrgaged as if specifica!!y ut fonh and desc?ibed in tF~e g?anting and ! habendum clauses hereof, and such Receiver shal~ have all the broad and effective funct~ons ar+d powers in anywise entrusted by a Covrt to a Receive~, snd iuch appointment shall be made by s~ch Court as an admitted equity and a maner of absolute right to said MORYGAGEE, and witlaut reference to the E` edequacy w inadequacy of ?he value of t??e properry mortgaged or to ~he soiverxy a insotvency of said MORTGAGOR w the defendants, and that such { renfs, profiri, income, issves and revenues shall be applied by svch Rcceiver according to the 1'rcn or equity of said MORTGAGEE and the pradice of such Gourt. 1 8. To dul 3 y, p?omptly and fvlly perform, dixharge, execute, effecl, complete, comply witl~ snd abida by each and every the stipulations, agrcements, conditions and covenants in uid promisswy note and this mortgage set fo+th. i 9. liut in the event the ownership .of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and au~gns, may, without notice to the MORTGAOR, dea! with such successw a successw i~ interest with reference to thi~ mortgage and the debt hereby secured in the same manner as with Mortgago~ without in any way vitiating or dixharging fhe Mottgagors' liability hert under or upon the debt hereby secvred. No sale of the Fremises hereby mortgaged and no forbearance on the part o( the MORTGAGEf or its successors or auFgns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors a auigns, shall operate to release, dixharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obtigation hereunder or of fhe oblgation sr cured hereby shall at any tinx thereafter be f~eld ?o be a waiver of tAe terms hereof a of the instrument secu?ed herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory nvte secured hereby, morigagor tovenants and agrees to pay to mo:tgagee with each monthly payrnent an add~~ional sum est~mated by mortgagee to he equal to 1 f 12 of the annual cost of the follow- ing: _ A-AN real property taxes levied or assessed against ~F~e above described real estate_ 8-Premiums on fire and windstorm insurance as nerein requ~red to be carried on the improvements sit~ate o~ the above described premises. C-P~emiums o~ such mortgage guaranty insurar,ce as mo~tgagee shall from time to time deem fit to wrry o~ the ban secured hereby. j Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum sha31 the~eupon be due and F~yable on the d~x date of the next monthly payment and eath suctessive month thereafter ur.til mortgagee shall notify morfgagor of a change in such a~nount. Such sums sF.all be applied by mortgagee toward the payment of real prope?ty. taxes, insurance prem:ums, and mortgage guaranfy insurance { premiums. , IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear fipt aforewi _ Signed, Sealed and delivered in ihe prese~ce of: ~ an f - . Charles St e n aq Hett t D. Stone ~~an ~ STA OF Fl IDA ~ - ~ St. Lucie f couNr~r oF k eefore me perw~wlly appeared Charles W1. $tOA@ - a~ ! Hgttie $tOn@ his wife, to me well known and known to me to be f rhe individwts described in and who executed tF~e for oi instr~ment, and acknow! t9 ^9 edged befae me ti~at they executed the same fw the purposes ~ therein expreued. qnd the sa~ Hettie D. Stone ` wiie of the said C.Zld~l@~ 5'ItOL1@ u~a~ a s~patb~e ~and~~ te~ examinaYwn by me ta4en separate and apaA from her said hvsband, atknowledged to and before me that she executed said instrurr?Eqt•f}t~lyi;~l ~1bKp~- ' rari~y and without any compu~san, constraint, appreht~sion, w fesr of or from her said husband. ~ WITfVESS my hand-and official seal thi~ ~S`~~ day of ~Y y~;~ ~~q ~ i : ~~Q~. 7~ ' ~ 'y - . Notary Public in and for Staf~vf~{ori ~f latp~:/ : f~ ~ . My Commiuion expita: . , ~ ~ ~ : Retum To: - • • ~ ,N : - ~ ! ! Fint Federal Savings a Loan Assotiation ,''~~~i~ ••S' r.~ ; Of Fort Pierce. i ~ Nwery Irbi4 Stah ~f R~rid~ e1 ~..v f fort Pierte. Florida µr C~mistiM E~~i~ Q~. ~ 1~~ rr.~+~` ~ ~ ` M~d bp Am~ricon F'in i Co~udh 4 ~ This Instrument Prepared By J. H. Roberts, Jr. ~ ~Ea rHV RECU30E0 First Federal Savings 8 Loan Association ~~•~UC;E C~;;~~ F~A. ` !{O~E~~ ';~-pAS i of Fort Pierce, Florida? CtERR t;~~+4~~; COU~ = P~~~'' v~ ~ ~~rn " Checked By ~ ' MAr 30 9 57 An '73 : ` 8~~2~4 z~~~s ~ I ~ ~Z . . ~ . _ ~ _ . ~f ,r~• _ . . ay . N'im'"~„. -2u.-• -!`~^~.+si~ ~ z: R~ .,~'~st i M':v{'Y`~ "'a2.w'=.- ....a.