Loading...
HomeMy WebLinkAbout2011 3. To plact •nd continuously kcep on ~M build~ngi now o~ hereaftN situae on said t~rwf and o~ all eqvipmenf and perwnally cov~red by thii matg f ap~. with all premivms ~he~eon pa;d in lull, fire insuranc~ i~ tM uiual ~tanda~d policy form, i~ a tum ap, ioved by tM MOR(GAGEE, and windstam ~ iniur~nc~ (n ~M uswl i?andard pol~cy tam, ie? a wm approvad py the MORTGAGEE, i~ s~?ch compa~y or compa~Ies ~s ~ tM MORTGAGFE may i d'u~dt ~nd all fi~~ and wind~torm inturanc~ potKie~ o~ any of said b~iM;np~, any interast tMrein w pa~t IF?~r~of, in tM +pyrey+t~ sum afws~aid w ~ In uaess Ihereof, thall contain ths uiual sta~dard mortga~e~ clause o~ svch olha claus~ ai 11» Mo+lysg~e may ~equu~, ma~inp th~ lost unde~ }~id po1F ' i ci~s, each and evKy, payable to uid MOkTGAGEE as ~ts i~terei~ may appea~, a~d each a~d eve~y such policy ~hall be promp~ly ~u:9ned and dalivered to ~ ~ sny Mld by said MORTGAGEE as further security to said mortpa9e debt, and, not les~ 1Mn t~n (10) dayt in advar+t~ oi tM txpir~tio~ of eath polity, to d~- IivN to seid MpRTGAGEE a renewal thereof, topether with a receipt fw tM ~vemium of ivch renewal= and the~~ shsll be no tir~ or windiro.m inswance. plaud on ~ny of said buildings, any intaeat thaein a part the~eof, unless in ~M fo~m and with 1Fw loss payabk as' ~faesaidj and in tM ev~nt ~ny sum of mon~y becomes payable ~nde~ auch policy u policies said MORTGAGEE shall Mve the option to receive and apply the ssme on accounl o( the indebted~ neas tlturOd hereby o~ ro permit said MORTCaAGORS lo reteive end usO it d any pa.r fhereof far ofFua purposes, wi~hout therebf waiving a unpair- Inp any equ~ty: lier~ or right under w ~y virtue of this mors9age; ~nd in 1}+~ ~vc~t said MORTGAGORS shall iw ~ny ~eason fail to keep the s+~d premises so tns~red, ot f~il ro deliver p~omptly any of said policies of insv~sncs fo ssid MORiGAGEE, or fail pramptly Io pay fulty sny premium rherefor p in any respecf fai~ ro patam, d'+scha~ge, execute, elfect, complets, comply with ~nd +bide by this tovenant, w ~ny part hereof, ssid MORTGAGEE may plate ar+d ' p+Y fo+ tuch inw~a~ce a any part thereof without waivi~g w affMinp any op~ion, lien. equity, or ~ight under w by virtue of this Mortgsge, snd the ' ! fvll amovnt of each and every s~ch payment shall be immediately dus and payable and sha11 besr interest from tF~s dats tF?er~of until paid at the rate ol ~ nine uer centum pe~ anr?um and togelher wilh such interest shali be secu~d by the lien of this mortgage, . ~ ' 1. To permil, commit or suffer no waste, impai~ment o~ deterioration of said property q any part thereof. 5. To pay all and singulu the costs, charyes and expenses, including a reasonable ~ttwney's fee and costs of abstracts of titls, inc~rred or paid af any time by said MORTGAGfE, because w ro the eve~r of the failure on ths part of ths ssid MORTGAGOR to duty, prompUy snd futly perform, dischargs, execvte, etted, comptete, comply with snd ablde by each and every the stipulatio~s, sgreements, conditions, and oovenants of said promissory note and thi~ matgsgs any a either, and sa~d costs, clurgcs and expenses, each and every, sMll be immediately dve and payable; whefhe~ w rat there be ~otice do- mand, anempt to coI1M or suit pending; u~d the full amovnt of each and every svch pay+nent shall bea. in~eres~ from ~he dste the~eof ~ntil p~id af the ; ratc oi ~ine per centum per annum; and aU said costs, charges and expenses incurred or paid, together with such interest, shaU be secured by the lien of tha ~ mortgage. _ ~ b. That (a) in the event of any breach of this Mortgsge or default on tM pan of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and fully paid within lhirfy i301 days next after the same uverally becane due and payable, without demand or notice, or (c) io the event esch and every t~+e st~pular~ons, aqreemenr:, cond~tions and coven~n» of sa~d promissory no~e and th~s mwtgaye any w either a~e oot ~uly, promptly a~ fully perfwmed, diuharged, executed, effected, completed, complied with and abided by, then in eitFx? w ~ny such event the said ag ' p~egate wm mcmioned in said promissory note then remaining unpaid, with interest ectrued, and al! moneyt setwed hercby, shall become due a~d pay- ' able iwthwith, or ~hereafter, at the option of said MORTGAGEE, as fully and completely as if alt of the said sums of money were originally stipulated ~ to be paid on such dsy, anything in sa~d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafte~ at the option of said MORiGAGEE, without ~otice or demand, suit at taw or in equity, theretore or thereafror begun, may be prosecuted u if all moneys secured hereby ' had inatv~ed prior to its institutio~. i 7. That in the eve~t that at the beginning of or ~st any time pending any wit upon this Morrgage, w fo fqeclose it, w ro reform if, w to entorce - payment of any ctaima he?eunder, said MORiGAGEE shall apply to the Co~n 1?aving jur~sd~ction thereof fo~ the appointmem of s Receivet, such Court shall Forthwith spooint a?eceiver of said mortgaged property all and singular, includ~ng all and singular the i~come, profits. issues and.revenues from whatever source derived, esch and every of whrch, it bet~g expressly unders?ood, is hereby mortgaged u if zpeci/ically set fath and dexribed in the g?anfing snd habrndum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise e*Nrusted by a Court to a Receiver, and i such appqintment ahall be made by such Court as an admitted equity and a matter oi absolute right to wid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the prope~ty mwtgaged w to the so:vency w insolvency of said MORTGAGOR a the defeoda~ts, and that such ~ rents, profits, incane, iuues and revcnues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such ; Court. 1 To duly, promptly snd fulty perform, discharge, execute, effect, complete, comply wilh and abide by each and every tha stipulations, bgreementf, conditiorn and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the owrnership of the mortgaged premises, w any part thereof, becomes vested in a person other than fhe MORTGAGOR, the MORiGAGEE, iri succeuors and assigns, •may, withou~ notice to the MORTGAOR, deat with such successor a sutcesso~ in interest with reference to this mortgage and the debl hereby secured in the same manner as with Mortgaga without in a~y way vitiating w diuharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on tF?e paA of the M.ORTGAGEE w its successors or auigna and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its sutteuors or auigns, shall operate ?o release, d~sctwrge, modify change or affett the orig;nal I;abil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatan hereunder w of H+e obligst'an se- cvred hereby shatl at any time thereafter be held to be a waive~ of the terms F~ereof or of the instrument secured he?by. 11: In add~uon to the iorego:ng mo~thly payments of prin~ pal and interest required by the promiswry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the fol(ow- A-AN real prnperty taxes levied ~ assessed against the above dexri?~ed real estate_ t B-Premiums on iire and windstorm insurance as here~n req~~red to be carried on the improvements situate on the above described premises. . i ~-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to tarry on the ban secured hereby. ~ Mortgagee shail from time_to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall therevpon be due snd paynbte on the due date of the next monthfy payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a charge in such , ert+oum. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem~ums, tgage guaranty insura~ce premiums. IN WITNE EOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar irst a tsaid. ' rxd kd delivered in the prexrxe of: i l.~.~ •4 - - - n ' oria Donahne ~,n j STATE OF 1~l~A ~l~~s+-~ - COUNTY OF ~ ~ ~ Befwe me personally appear JOhT1 W~ Opn~lne and Glor ia DOD~{le his wife, to rr.e we11 krawn and knowin to me to be the individuats desuibed in and who executed the fore ~oing instrument, and acknowledged before rr~e that tFiey executed the same for the purposes therein e:pressed. And the said G101'~a ~OlIdZfLle ~ wife of the said - .10 r1~ DbII hue upon a separate and private ~ examinatwn by me taken separate and apart from her said husband, atknowledged to and befwe me that she executed said instrument freely and volum tarily and withouf any computsan, constraint, epprehension, or fep r of or from F~er said sband. WITiYESS my hand and official seal thi: `y day of q, p, ~q')3 ~ -~-C T -~f ~Pr JC~c _ _ otary Public in and for the State of fl~ri~ at Large j Retvrn To: . Y Co?nmission expires: 1/P~vrv..e~j~ ~ Firs! Ftde~al Savings 3 Loan Association o2 ~~7~ ~ Of Fort Plerce. - ~ - ~ Y I fort Pierce. Florida ~ ~ tt V•~; /i ' , ~ f 1i~ S~ i+....''~9`r-;f. fILED ~ . ~ i ; ST.1tlCJCiCO E~~ c ~ . • t' ` ' ~ ROGc~ a,,: i C(EisK t ~ First Federal Sav ngst8 Loan Aswciat on H. R°berts,Jr. p~~~` ~ Y C;.rl~~j~ ~ ~ ~ t~'~_ ~ of Fort Pie~ce ~ ~ ~ ~ : , F~oY~~ ~r 30 : - . : ~ - . . Checked B ~ ~ ST ~ ~ 3 ~!r'•••.....•••'G~~~•{ ~ v ~ 7 r, n.~,~~ o R +~5549'~, , . ~ . ~ 800~214 p,~ - , ZO~~ ; j ~l ~ ~ - - - - - - ,.~.c- s . .-i ra. - _ ^'~''P~ ,s.~ ~ `'~`~F.~.~"