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HomeMy WebLinkAbout0470 3. To plxe and continvously keep on the bui;d~ngs now w hereafter ?~ruate on sa~d Iand and on alI equip~nenf anJ perso~ully cove~ed by Ih~s mong- sge, with •II premiums thercon pa~d in full, fire insurante in the utual standa~d pol~cy fo~m, in a sum approved by the MORTGAGEE, and windstorm insurants in the usual s~endard pol+ty for~n, in • sum approved by tM MORTGAGEE, in such company w tompanies ~s tha MORTGAGEE may direu; ar?d all (iro and w~ndsrorm insuronce po~icies oo any of said buildmps, +ny iroeresl therei~ or part tt?ereof, in the aggrega+e e~m afwesaid or in ~xcess Ihereof, shall co~roin tha uswl s~anda~d matgagee clauu a iuch other d~use at tM Mortyagee may requ~re, maAirg the loss u~xla sa~d poi~ cias, euh and every, p~yable to said MORTGAGEE as its interest may appe+r, and each and ~ve~y such pol~cy shall be prompt~y au gned and, delive~ed io ~ny held by sa~d MORIGAGEE ~s turfher secu~ity to said mortgage debt, and, not less ~han ten (10) days in advance o( the expirat~on of each polity, to da liver to faid MORTGAGEE a renewal Ihereof, foge~hx wirh a?eceipt for the premium of such renewal; and there shall be no t~re or wi~~dslo~m insurance placed on ~ny of said build~ngi, any lnterest therein u part thercof, unless in the torm end with the lou payable as atoresaid; and in the event any tum of mon~y becomss payable under such policy o~ policies ~aid MORTGAGEE shell have the opt~on to rece~ve and spply the same o~ account of the indebted- ness secured hereby w ro permit sa~d MORTGAGORS to receive and use it a any par~ thereof for otner pu~pases, ~„nhout th_+tu~ wa~~i~ig ar ~~~~pa~r- irx~ any equity, lien w rght unde~ a by virtue of this mortgage; and in the evenl sa~d MORTGAGORS shall for any reason fail to keep the said premisas so insu?ed, w fail to defiver.p~anptly sny oi said pol~cies of insurarue ~o ia~d MORTGAGEE, or fail promptly to pay fully any pre~nium thercfw w in any respect (ail ro perfam, discha~ge, executa, effed, complete, comply wirh snd abids by this covenan~, a any pa~t hereof, sa~d MORTGAGEE may p~ace and pay fo~ such insurance or any part thereoi without waiving a affecting sny option, lien, equity, w righl under or by virlue of this Mortyage, and tht full amount ot each and every such payment shall be immcdiately dve and payable and shall bear interest from the date thereof until paid a~ the raie ol nine per centum per annum and to3ether with suth interest shall be setured by the lien of this mortgsge. I. To permit, commit or suffer no wasts, impairment o~ dete~ioretion of said property or any part thereof. S. To pay all and sirgular the costs, charges and expenses, inciuding a reawnabk attwney i fee and cos~s of absnacts of title, incvrred o~ pa~d at any time by said MORiGAGEE, because or in the eve~t of the fa~lure on the part of the said MORTGAGOR to duly, promp~ly and futly pe~lorm, d~scharge. execute, effed, complete, comply w~th and sb~de by each and every the stipulations, agreements, condit~ons, and covenan~s of said promisw~y note and fhis mortgage any p either, and sa~d costs, cfiarges and eapenses, each and every, shatl be immedialety due and psyable; whe~her a no1 there be notice da mand, at~empt to cotlea w suit pending; snd the futl amount of each and e~ery such payment shall bear interest from the date thereof until p~id at the rate of oine per centum pe~ annum; and ali said costs, charges and eaprnus incurred or pa~d, logcther w~th such interes4 shall be securcd by the lien of th~~ mor~gags. 6. That (a) in the event of any breach of this Mortgage or de(avlt on the part of the MORTGAGOR, or (b) in the event sny o~ sa:d sums of money ; herein referred to be no1 prompfly and fully paid within thirty (30) days neat afrer the same severotly becume due and payable, without demand or nofice, i or (c) in the event each and every the st:pu;at~ons, agreements, cond~f;ons and covenants of sa~d promiswry note and th~s mor~gage any o~ either are no~ ~ iuty, promptly and fully perfamed, d~uharged, exec~ted, effected, compteted, complied with a~d ab~drd ~y, then in e~ther or any such event the sa~d ag- ~regate sum mentioned '+n said prom~sso~y note thzn remaining unpaid, with interest accrued, and all moneys sec~red hrreby, shall become dve and pay- ab~e forthwith, a thereaiter, at the option of said MORTGAGEE, as iulty and completety as if alt of the u~d sums of money were w~gina?ly •~~pulated ~ to be pa~d on such day, anything in sa:d promissory ~ote or in this Mortgagr to Ihe cororary notwithsta~d~ng; and therevpon or thereaiter at the opt~on of ~ sa~d MORTGAGEE, withovt notice or demand, suit at law w in equity, therefwe or thereafter brgun, may be prosecuted as if all moneys secured hereby i had matured pnor to iri institut~on. ~ 7. That i~ the event that at the beginning of w at any time pend~ng any suit upon this Mor?gage, w to foreclose it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for !he appointment of a Receiver, suth Gou?t shall (orthwirh appoint a receiver of said mafgaged property all and singular, includ~ng atl and singular fhe income, prof~ts, issves snd revenues from whatever :ource derived, each end every of whah, it be~ng expressly understood, is hereby mortgaged as if specifica{ty set fw~h and destribed in~ g+anting and habendum clauses he?eof, and suth Receiver sha~l have all the broad and ef~ective funct~ons and powers in anywise entrusted by a Court t e Receiver, and s:ch appointment shall be made by such Cowt as an admitted equity and a ma~ter of absoiute right to sdd -MORTGAGEE, and without efererxe to the adequacy or inadequaty of the valve oi ~he property mortgaged or to ti+e w~verxy or ins~Ivency of said MORiGAGbR or the defendants, and that such re~~fs, profits, income, i:sues and revenues shall be applied by such Receiver accord~ng to the lien w eqvity of sa~d MORTGAGEE and fhe practice of such Court. , 6_ To duly, promptly and (ully pe~twm, d~scharge, execute, effect, complete, comply with and abide by each and every the s!ipulations, agreements, condita~s and covenants ~n sa~d promissay note and ~his mortgage ut (orth. 9. That in the event tF.e ov~nership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, dcal with auch successor or wccessor in interest with reference to this mortqage and the debt hereby secured i~ the same manner as wi?h Mortgagor without in any way,vit~ating a d~xharging the Mortgagors' liability herr under or upon the de6t hereby sec~.ed. No sale of the premises hereby mor?gaged and no forbearence on the pan oi the MORTGAGEE or its suctessors or assigns and no extension of the rime for the payment of the debt hereby secured given by the MORIGAGEE or its successws w au~gns, s7w11 operate ~o release, d~scharge, modify change or affect the original liability of the R10RiGAGOR herein, either in whole a in part. 10. It is- specifically agreed that time is of t!~e essence of this contract and that no waiver of any obtigation hereunder or of the obligation se- c~red hereby shall at any time therea4ter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add~t~o~ to the fwego"ng monthly paym~nts of princ'pai and interest requ~red by the prom~ssory r.o!e secured hereb~, mortgagor tovenants ~ a~~d agrees to pay to mo:tgagee v~ith eath monthiy payrnent an add:rional sum estimated by mortgagee to be equal to 1;'12 oi the annual cost of the folfow- ~ ;r~~: _ i A-AII reat proparty taxrs leviee' o~ assessed agai~est the above described real estate. ~ 8-Premiums on f'~re and windssorm ~nsurar.~e as herein requ:red to be carried on the improveme~ts s~tuate on the above descr~bed premises. C-Prerniums on such mortgage guaranty ir.surar~ce as mortgagee shall from t~me to time deem fit to carry on the loan setured hereby. 3 Mortgagee shall frcm time to time notify mortgago~ en writ~ng of the amou~t due and payable hereundrr a~d such sum shall thereupon be due and ; ~ , ayable on the due date of the next month!y payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ ( a•- ounf. Suth iums shail be app!ied by mo~tgag~e ~oward ihe paymmt of real property tazes, insurance prem:~~ms, and mortgage guaranty insurante ~ ! premiums. ~ ~ IN Y~ITNF55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. F j i ned, Sealed and delivered in the preu~ce of: ~ i ~V,t.~Lc~e...~ f~C~J ~Seaq 3 ~ i ~ aq i ~ ' (S , ~ , -C • ;lG, rt.aq ~ Barbara A. Haskew ~~ij 2 ~ - ~ ~g SiATE OF FIORIDA ~ { i 3 ~ couNnr oF St. I,ucie ~ _ . ; :,,,,;~~~f Betore me personally appeared W111~= T• ~5~1~ ~ erib~ ~ Barbara A. Haskew ° ~ his wife, to me well knowr~a+~ I~dwn.~ Lae'~p~ ~ !he individuals described in and wM executed the fwegoing instrument, and adcnowtedged befwe me that they executed tbe_sarre fo~he' purpb~ef~, e - -c~_~ ~ n rherein eap?essed. And the sa7d BArbara A I~Laakew ^;r ~ V' r_ : { ~ w~fe of the said W~113s~~ T~ Haslcgr up~Ri i~ s~ ti~~et+t~~µrivaie~ _ >xamination by me taken separate and apart from her said husband, ackrawledged to and before me that she execvted said il~twin0A4~~ee ly ,ar'i~i~lp~t;' ; ~ tar~ly and without any compulsion, constraint, appreh~nsi ~ar of or from he ~ band. ~v .s~ 4~ - t ~ WITNE55 my hand and official seal thi day of `J ~ A• ~~y~° S ~ ~~r ~ ~ / ~ i ~ ~ ~ ~ Notary Public in and for the State of F{uida;~t L~rye~ ~ My Commission expires: ` Return To: ° first Federal Savings 3 Loan Associat~on Of fort P:erce. • ~ : at LARu= ~ Fort Piarce. Flo+ida • ' ~ : • - ~ 191' - . . i:• ~.3 ~ fllf~3 ~k_ ~~~ED This Instrument Prepared By GaZy F. Bllwood ~ ~ First Federal Savin s 8 Loan Association ST_ 1U~1: ,,:.L,yTT FLA. '~V48~ 9 RGC"= =^~'nA; ~ of Fort Pierce ~ FlOZid~ ~~F`~' ~i C~URT ~ ~ PFf'.^,f' ;rr ~ ~ ~ ~ Checked By JllN 11 9 34 AN _'1 f ~ ~ _ 0 R - 800K 15 PAGE sb - ~ _ - . ~ ~ _ i ~ ; ~ ~ ~ fi~ ys`-~'' ~ ,fi '~°~,~c .i " I II ~ ~y~~~s~. ~ ~ ~~~f*sY~~;`~-~~"~. a a• ' ~ 5 '~s~n _ ~tR, ..'.~"TM^.= ~e..u: ~.r s- ~~1~"r;.... . ~ b~