Loading...
HomeMy WebLinkAbout0172 3. To place and continuousiy keep on rhe buildingi naw w hereafta s~iuats on said I~nd ~~d on ali equipment snd perio~atly covered by this mor~g- sgs, with ~I) premium~ thereon pa~d in 1ull, iire insurance in Ihe usual tundard policy form, in ~ sum ~pproved by the MORiGAGEE, and windstorm iniu~~nts in tM usual s~andard pol~cy (am. in •:um approved by ths 1NORIGAGEE, in iucA company or companies ~s the MORTGAGEE may directj ~nd all firs and w~ndirorm insurance policias on any of said b~ild~nqi, any, inlae~l the~ei~ or part rhereoi, in th~ aggrega~e :um storetaid w in ~ztefs thereof, thall contain th~ u~ual srandard mwtgayee clause w such other ctaus~ a~ tM Morf9agee may requ~re, mskiny ~hs lou u~de+ ~a~d po11- dss, each and every, payab!e ro said MORIGAGEE as in interesl may appear, aod each and eve~y such po~icy thall be prompNy sss gned and deliv~red ~o •ny held by iaid MORTGACaEE as further security to said mort9age debt, u~d, not less than ten (10) days in advance of the expiration o1 each pol~cy, to da GvK to said MpR~GAiaEE a renewal thereol, ~oyerhsr wirh • reca~p~ fo~ the premium of such renewal; and there shall be no f~re or w+ndiiorm insurance pl~ced en any of said build~ngs, any interest therein a part thereof, unless in the iorm and with the loss payable aa a(oresaid; and in the evenl any sum of money becor,*s payab!e under iuth policy or pol~ties said MORTGAGEE shall have ?he optiw? ~o rece~ve and appty the same on accovn~ of the indebted- ruu secured hereby or to permit sa~d 1NORTGAGORS to rcceive and uia i1 p any pa~t thercof for o:hcr pu~pases, v.i~hout th~reu~ waivLig or unp~ir- ing +ny aq~ity, Iien a ~i9ht under w by virtw of this mo:!psge; ~nd in tM ~vent sa~d MORTGAGORS shall ior any rea~on fail to Eeep the said premisas w inswed, or (ail to deliver p~pmptty any of said polKies of insurante to uid MORTGAGEE, or fail promptly 1o pay fully arty premium thereto~ a in any respect fail ro paform, discharge, execute, effecl, complete, comply wiih and abide by this cover+a~t, a any part hereof, sa~d MORTGAGEE may pface and pay fw svch insu~ance w any p~rt thereof wi~hout waiving w ~ffectinp ~ny option, tien, equtty, or rghr under or by vinve oi ?F~is Mongape, and the tuU ~mount of each u~d every such paymeM sh~ll be immedi~tely dw snd payable and shall bear interesl from ths date thereof until paid at the ?ate ol nine per centum per an~um a~d to~ether with such interes~ shatl be secured by the lien of this mwtqage. 1. To permit, commit or s~ffer no wa~te, impairment a deterioration of ssid property w a~y pa~l thereof. S. 1o pay atl and singu~u the costs, charges and eapenses, incfuding a ~easonabte attorney's fee ar~d cosls of absrracts of title, incurred or paid s~ any time by said MORTGAGEE, because w in the ~vent of the failure on the part of the said MORTGAGOR ~o duly, promptly and fully perform, d~xharge. execvte, etfect. complete. comply witA a~d ~b~de by each and every the stipulat~ons, agreemcnts. conditiona. and covenants oi iaid promissory note and thii mortyaye a~y a eiehe~, and sa;d costs, charges and expenaes, e~ch and every, sMll be immed~ately due and p~yabie; whether o. not there be noeice d~ mand, ~ttempt to colkcl w wit pending; and tM full amount of each ~nd every such payment shall bear interest from Ihe date thereof uotil paid at Ihe ~ate o~ nine per centum per annurn; a~d all said cosrs, charges snd expenses incurred a paid, ~ogelhe~ w~th such interest, shall be secured by ~he lien of this mwtgage. 6. TMt 1n.the event o( any breath of this Mortgsge o? default on 1he part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptty and fulty paid within fhirty (30) daya nexr after the same severafly become due and payab)e, without dernand w notice, or (c) in the event each and every ~he itipulations, agreements, cond~tions and covenants of sa~d promissory note and th~s margage any w either are not iuly, promptly and fulty periormed, d~uharged, execvted, eflected, completed, complied with and abided Sy, ihen in. ei?her or any swh evaet the sa~d ag gregate sum mentiorxd in said promissay note then remaining unpaid, with inTerest accrued, and a1t moneys secured hereby, shall become due and pay- ab~e fafhwith, p thereafter, at the opfipn of said MOPTGAGEE, as (uUy ard comple~ely as if aIS of fhe wid sums of money were aiginally stiputated ro kx paid on such day, anyrhing in sa:d promissory nore er in rhis Mortgage to the conaary notwithstanding; and lhereupon or thereafeH at the option of said MORTGAGEE, without norice or demand, suit af law or in equity, the~efae w thereafter begun, may be prosecuted as if atl ~ooneys secured Ixreby nad matured p?ar to its institution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, or to forectou it, or to ~efwm it, or to enforce paymenl of any claims hereunder, said MORTGAGEE ~hatl apply to the Gourt having junsd~a~on thereof ior the appointment of a Reteiver, svch Court shall fo-:thwith appoinl a receive~ of said mortgaged property all and singular, includ~ng a{I and singular the income, profits, iasues and reve~ues (rom wbatever :ource derived, eacA and every of wh;ch, it be;ng e~pressly understood, is hereby morrgaged ss if spec~fically xt fath and described in the granting and habcndum cla~ses hereof, and such Receiver shall have all the broad and efiective funcl~ons and powers in anywise entru~ted by a Court to a Receiver, and icch appoentment shall be made by such Court as a~ admitted equiry and a matter of absolute ~ight to said MORIGAGEE, and witFwut rcfererxe to Ihe adequacy d inadequacy of the value of ~he property morfgaged or to ~he soNency or inso~vency o( sa~d MQRiGAGOR w the defendants, and that such ren~s, proiits, income, issue: and revenues shall be applied by such Receiver accordmg to the lien w equity of said N10RiGAGEE and ~he p~ectice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, cor.~ply with and abide by each end every the stipulatio~s, agreements, ~ cenditans and covcnanra in sa~d promissory note and ~h~s mortgage set forth. + 9. That in the event :he ownership of the morfgaged prem;ses, or any part thereof, becomas vested in a peravn other than tht MQRTC,AGOR, the h':ORTGAGEf, its successors and ass~gns, may, wifhout notice to the MORTGAOR, deal with such succeuw w successo~ in interest vr~th reiere~ce to this mo~tgage and the debt heieby secured in the aame manaer as wi~h JNortgagor w~thout in any way vitiating or d~scharging the Mongagors' liability herr under w upon the debt h~vcby secured. No salt of the prem~ses hereby mortgaged and no forbearance on tF~e pari of the MORTGAGEf w its sutcessors o. asi~gns and no exte~s~on of the time fw the payment of the debr hereby secured given by the MORTGAGEE or its succes:ws w au~gns, shatl operate to release, discharge, modify change w affect the original liab~tity of the MORTGAGOR herein, either in whole or in part. ~ 10. It is spec~ficauy agreed that time is of the essence af this contract and that no waiver of any obligatlon hereunder or of the obtignt;on sr c~r~ hereby shsll at any time ?hereafier be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the fwego ng rrp~thly paymants of princ'pat and interest required by the promissory nore secured kereby, mortgagar covenants and agr`es to pay to mostgagee w~th each monthty pay~oent an add~~ional sum estimated by mortgagee to be eq~at to i/ 12 of the annual cost of the follow- ~ng: A-All reaf property ta:es levied o~ assesscd against the above described real estate. ~ B-Prem~ums on fire and windstam insurar.ce as herein requ~red to be ca.ried on tfie improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insvrar,ce as mo~tgagee shatl frcm t~me to time deem fit to carry on fhe foart secured hereby. ; Mortgagee shal! from t;me to fime notify mongagor in w~iY~ng of the amo~nt due and payable hereunder and svch sum shall thereupon be due and ; , G ayable on the due date of the next monthty paymem and exh successive ~r.onth tnereafter ur.til mortgagee shall notify mortgagw of a change in such i zT.ovnt. Such sums shail be app!ied by mortgagee toward the paymem oi real property taaes, insurance prem;ums, and mortgage guaranty inswance ` o rem iums. IN WITNE55 WHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day a ear first aforesaid. Signed, Sealed and delivered i~ the presence of: ~ ~ ~ \ e _ ~f ~ ~ ~ ~ • (Sea4 ~ _ _6:f~-Gt.v ~ t •,~.-l~, ~Sean L~ 1 O I@ S ioi • l5esl) S~ATE OF FLORIDA ~ cour,rY oF St . Lucie u- eefore me personally apPea~ed G@O!Q@ B. I.indbom _ QO ZO ZE S M. Lindbom his wife, to r»e weil known snd known to me to be tne individ~sls dexribed in and wFa executed tF?~ fo~go~nQ S t~rtronL n~owledged before me that they executed the same for the p~rpcues ' therein expressed_ And the taid UO1~ e L uUv w~ie of the sscd eorge • 1 ni ~ I uP°^ a scper~t¢ ~n~. PIrv~» examination by me taken separate and apart from her said husband, atknowtedged to and betore me tFwt she executed said instrurperA'~idgfy~qn~.~olvn- rarily and w;thout any compulsion, constraint, apprehensioryRr fear of or from her said husband. f••, l. ~ ~~y WITNESS my hand and offic]al seal this ~ day of `Ju~ ~~''~p- ~~qt.1[ 3"; ~ ~ ~ o t. - _ ' Notary Public in snd for the Stste"o~ :F a t la[~e My Commis~io~ expires: ~a ~ f ~ Retvm To: i ~ _ . . First federal Savings a Loan Associafion ' - Of fort P;erce. ~~~0~ ~1~~+ ti~t' "i..~,..... ~ fort pier~e, Florid.t ~ f LLY d~.~iti~{~4Q This Instrument Prepared By Thomas A. Dr].SCOl l f~= I UYit :)uhTY l~. ~ F+rst Federal Savings & Loan Association ~GG~'~ ~C~+RAS = ; of Fort Pierce~ F1olida? ~~f:`, ~~~RT ~ p~~~;: v: ~ ~l . Check~l ~y , 600K PAGf ~Ilti ~ 32 A~i ~7 ~ cf - - ~ - - ~ - - - ~ - - - ~ - - 2~ ~ g~«x~:. _..T ~ ~ ; _ ~h.~ - :r ,..,a.