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HomeMy WebLinkAbout2758 . J. To plu~ and cominuou~ly ke~p on el+~ buildinps ~ww or Mr~ai~~? situ~~~ on ~a~d la~d ~nd on ~11 equipne~e ~nd p~nonally covar~d by ~hi~ mon~ aq~. with ~il pemiums th~rcw~ pa~d irs (ull, fir~ tnsur~nc~ i~ ~h~ u~ual itand~~d poli~y fo~m, {n •~um appov~d by tM MORiGAGEf, and windstam tnswanc~ in th~ uiwl u~ndard pol~cy fwm, in a sum appror~d by ~M MORTGAGEE, in such company a compani~s a tM MORTGAGEE may d'u~ctj ~nd all fin u~d wtnds~orm iniw~nq polici~s on ~ny o( uid buiWinps, ~ny Int~r~st tMr~io w pu1 thertof, in th~ a~yrp+~~ sum afa~~id w i~ ~xc~s tMreof, ~11 cont~in ~h~ viual st~ndud mortyapK claua~ or iuch othe~ cl~us~ u ~M Matya~ may requ~r~. makinq ~M lou undee sa~d pol} tiss, ~~ch ~nd ~vKy. paYabl~ to ~aid MpRTGAGEE a its inler~st may appear. ~nd each and ~very tuc!? policy tMli b~ p~omptly ~~~.9ned and deiivered ~o ~ny I+~Id by taid MORTGAGEE aa f~rnhN s~curitr to faid mortysp~ debf, u+d, ~ot ~~ss ~ha~ ten (10) days In ~dvanc~ oi tM axpi~~tion of aach policy, to d~- liw~ fo s~id AIORTGAGEE a rsn~wal ther~of, toQe~h~r wi?h • nceipt fa th~ pr~miuen oi tuch rMSwal; a~d 1Mrs shall M no iir~ a winda~orm insurancs pl~ud on ~n~ of uid b~{Idirqs, ~ny inter~st therein or p+rt th~nof, unless in tFn fwm ~nd with tM lost pay+bl~ sforesaidj u~d in tM ev~nt any sum of mon~y becanes p~yabl~ unde~ such policy or policies iaid MORtGAGEE ihall haw tM option 1o r~caiw ~nd ~pply tha same on account oF ~M irxlebted- nsts secu~~d htreby w/o permit s~id MORTGAGORS to~ reteive ind ut~ if or any parl thueof for othc~ pu~poses, wilhout thereb/ waivi~~g o~ u,~pair- ~~q any ~quiry, li~n or ri9ht uode~ a by virtw of this mortq~ysj and in tM ~vent sa~d MORTGAGORS shaN for sny reason fail to keep the ssid pemi~es w insured, or iail b delive~ prompfly ~ny of said policies of ii+suronce 1o s~id MORTGAGEE, u fail promptly fo p~y fully any premi~m the~efa w in any r~spett tail b ptrfam, discharge, execvte, effed, complets, comply with u+d abids by this cove~ant, w~ny part Aereof, said MORTGAGEE may pface snd pay fw wch fnyurant~ w a~y part thereof withovt waiv'ag or affectinp any option, Ilen, ~quity, a riyht under or by virtue of this Mort~sy~e, and the ~ full amounl of ~ach u+d ~vKy such psyment iMll be immediately dui and paysbk ~nd sh~ll besr interest from tM dste thereof ~n~il paid s1 tM ra~~ ol ~~rK pK centum pa~ annum and together with such interesr ahalt be secured by tM liee of this mat9~ye. 4. To permit, commit or suffa no waste, tmpairmeof p deterioration of said property or ~ny psrf thereof. S. To.pay all and sinyvlar ths costs, tharge~ and expsnses, including s reasonable ~ttwney i fee and costs of ab~trads of tide, ir~c~rred or paid at • ~ny time by aaid MORTGAGfE, betause w in the went of the failv~e oo the part of tha said MORTGAGOR to duly, promptly and fully perfwm, dixharge, executs, effep, wmplea, comply with and ab~de by each and every the s~ipvlations, a~reemenn, conditiau, and mvenants of said promiuory note and thii mortpaye a~y w ei~he~, and said co~ts, cfiuqes and expeewes, esch ~nd every. sh~Il be imrnediately due and payable; whethar a not there be notice d~ mand, attempt to mlkd or s~it pending; and tM full arratrnt of each and every tuch psymeM shsll bear intereit irom Ihe date fhereof until paid at the .ate of nine per certtum per amivm; arw' all said coats, chaipes ~nd expenses incurred w paid, together with tuch interest, thall be secured by the lien of thu mat~+~- Q Thaf (a) tn the weat of any breach of this Mortgsy~ o? default on ths pa~t of the MORTGAGOR, a(b) in the avent sny of sa~d sums of mo~ey herein refe~red ro be not prompdy u~d fully paid within th;rty (30) days next after Ihe sam~ severaUy become due ~nd payable, without demand w notice, or (c) in the event each u+d every the stipulations, agreemenn, condiYwns and coven~nts of ssid promiuwy note and th~s mortgsge any o? either are not iuly, promptly u~d fully performed, d~xharged, executed, effected, compteted, tomptied with end abided by, then in eithtr oi any such eveM the said ag gregate wm mentanad in said {xomiuory ~ote then remaining u~paid, with intaest acuued, and all moneys secured hereby, shall become due and pay- able fwthwith, or thereafter, at the option of aaid MORTGAGEE, u fully and comptetely as if alI of the said suma of mo~ey were uiginally stipulated to be paid on such day, a~ything in said promiuory rwte a in this NRwtgage to the contr~ry notwithstsnding; and thereupon or thereafle~ at the option of sa~d MORTGAGEE, wirhout notice w demand, wit at law or in eqvity, therefwe or thereafte? begun, may be prosecuted as if all rtaneys secured hereby had matured ptqr to ib imtitution. 7. Thst in the event that at fhe bcginnirg of or at aoy time pending any wit upon this Mortgage, or To foretlose it, o~ to refam it, o~ to enfwte payment of any claims hereunder, said NIORTGAGEE shall apply to the Court having jurisdictio~ thereoi for the appointment of s Reteiver, such Co~rt shall Fo~thwith appoint a receiver of said mwtgaged property afl and singular, inctuding aU and singutsr the income, profits, Fuues and revenues from wF~atever source derired, each and every of wh~ch, it bei~g expressly unde~atood, is hereby mortgaged as if speciiically set forth and dewibed in the granting and habendum davses he~eof, and svch Receiver shall have alI the broad ~nd effective funct~ons and powers in anywise entrusted by a Court to a Rcceiver, and such appointment shall be made by wch Coun as an admetted equ;ry and a matter of absolute right to said MORTGAGEE, .and without ~eference to the adequscy w insdequacy of the value of the property mwtgaged or to the wtveruy w insolvency of s~id MORTGAGOR or the defe~danri, and that such rents, profits, income, issves and revenves ahall be applied by such Reteiver accwding to fhe lie~ w eqvity oi said NIORTGAGEE and tbe practice of such Covrf. 8. To dufy, promptly and fully perfwm, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgrcements, conditioro arid coven~nts in sa~d prom'~ssory note and this mwtgsge set for~h. 9. That in the event the ownenhip of the mortgsged premises, or a~y psrt thereof, become~ vr~ted in s person other tlun the MORTGAGOR, the MORTGAGEE, its succeuors and suigns, may, without not;ce to the MORTGAOR, deal with such succeuw w sutcessor in interest with reference to this mortgage and the debt hereby setured in the ssme manner as with Mortgagor without in sny way vifiating or discharging the Mortgagors' liability here- under a upon thr debt he~eby secvred. No sale of.the premises hereby mortgaged and no forbearence on the part of the MORTGAGEE or its wccessors or auigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors a assigns, shall operate ro release, dixharge, modify change w affett the originai liability of the MORTCaAGOR he?ei~, eithe? in whob or in puf. 10. It is specifically agreed that time ii of the euence of this contsact and that no waivtr of sny obligation hereunder or of ths obl'~gaYan sc cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrumeM setured herby. 11. In additio~ to the forego:ng moMhly paymems of princ pal and interest required by the promiswry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly paymenf an addirional sum est~mated by mwtgagee to be equal to 1/12 of the annual cost of the follow- irg: A-All real property laxes kvied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein reqv~red to be carried o~ the improvements situate on the above desvibed premises, C-Premiums on such mwtgage guaranty insurarce as mortgagee shall from time to time deem fit to carry on the ban secured he~eby. Mortgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and sucFe sum shall there~pon be due and payabk on the due date of the next monthly payment and each successive month thereafter v~til mortgagee shall ~otify mortgagw of a change in such amounf. Such sums shatl be appiied by mortgagee toward the payment of real p?operty taxes, insurante prem;ums, and mortgage gvaranty iawrance p~emiums.. IN WITNE55 WHERE , the sa~d AM1ORTGAGOR has hereunto xt his hand a~d seal the day and year ~rst aforesaid. . Seal a li in the presence of: - ~}b . „ ~ / . a~ ~ n ~ . . tc~ap (Seaq STATE OF FLORIDA ~ couNn oF St . Lucie ! Before me personally appeared ~Wlil Cashwell and ' Patricia Cashwell his wife, to me wel! known and know» to me to bs ~ the individuals described in and who exec~ted the fore~oing instrument, acknowledged bcfore me that they execvted the same for tFx purposes t rherein expressed. And fhe said Patrieia Cashwel~ wife of the said ~W1T1 Cashwell upon a separate snd private ~ exami~aYan by me taken xparate and apart from her aaid husband, atknowledged to and befwe ms thst ~he exetured said instrument freely and volun- i rarily and without any compulsion, constraint, apprehension, or sr of or ~rom her said husband. WITNESS my hand and official seal thi day of June A. D. 19 73 _ Notsry Public in and for the S te of ida at larpe Retum To: My Cort?miuion expires: Firat Federsl Savings a loan Association Of Fort P~erce. t Fort Pierce, florida I~~~1 ..;,.~~~A ai LARGE ~ _ . EXi'IRES 7AN. 7. 1971 ay Nr~er~an isanKeti ~1~pq ~ a This Instrument Prepared By Richatd K. Kayes ,~+"`'+~s•'•{"h~, , First Federa) Savings b loan Association FILED aNn ~ L`• S '~i~~ of Fort Pierce, Florida ST. IUCt( ~~UN~Y ~E~, ' RL . ~ ; ~ R~~ ~E~: F =)~1RA4 ~ : ~ • t~ ~ Checked By~ af ~IE~R c;i~,tuit COURT = P` _ ` . r: c ~ E ~...,,,.~.r,~~ . ` t` - ~ ~ ' 0 R ° C s . ~ 800!!214 Pa~F2755 ~ o~ ~ ~~3 ~ ~ . Sr,;T~' , I.~ _ - - - ..i=`;'=L ~»x. ~ ?4~~ ~ry.aG~ ~ Yfiis.re`~ ~I~~~~ ~~L4~f4h~~~~ ~ _ _ s`4?,' ~