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HomeMy WebLinkAbout1302 To place and cominuousiy kcep on ~he bvi'd~ngs now or heroaiter situate on sa~d land and on all cq~ipment and pe~~ona~ly covercd by this mortg- •y~, with sll premiums therew~ pa;d in lull, (~re ins~r~nce ~n ~tie u~uat sranderd pol~cy form, in a sum app~oyed by the MORiGAGEE, a~d w~~dstam inw~ancs ln tM usual ~tandard pol~cy lonn, in a sum spproved by the MORTGAGEE, in such company or compan~es a~ ~he MORiGAGEE may diratlt aod all fire ~nd w~ndstorm in~u~ant~ poliuet on eny of said bulld~nys, any infcrast therein or pa~t thereof, in rh~ ayqregate tum afaesaid o~ in excass Ihereof, shall conrain the usvat standard matgspee clsuse a such other clsuse as the Morty~gee may requ~rs, makiny the loss unde~ sa~d poti~ cies, each aod every, payable to said MORTGAGEE as ~~s imerest may sppea?, snd each and every such policy shall be prompNy ass gned and detive~ed to any held by uid MORTGAGEE ai further security ~o uid nartgaye debr, and, not le:~ than tc~ (10) d.+ys in advancs of the expiration of each policy, to dr IivN to said MORTGAGEE a ~enewal thereof, toge~Mr with ~ receipt for tM p~emium of suc!? renewal; and ther~ shall Ix no f;re or winds~orm inwrar+ce plated on ~~y of said b~ild~ngs, any intereit therei~ or part thereoi, ~nleas in the form ~nd w~th the loss payable as afore~aid; and in tF+e evant +ny sum oi nqney becomes payable unde~ s~ch policy or pot~uea said MORTGAGEE shall have the opt~on to receive and apply the san.e o~ account o( the indrbted- ~ess sKU~ed hNeby or ro plrmit ssid MORTGAGORS fo receive and use it Or any pa~t thereof for otnr~ purFOSes, v.itFwut th_.cur vvai~ing ot unpair- irg a~y equity, lien or right unde~ w by virtue of lhis mo:f9age; and in the event ssid MORTGAGORS sha11 fw any reaso~ fail to keep the uid p?emises so intured, or fai) to deliver p~omptly any of said poficies of insurance to said MORTGAGEE, or fail promptly to pay fulty any pre~nium theielw w in a~y respect fail fo perfam, discharge, execute, eFiect, complete, comp!y with ~nd ~bide by this covenanr, o~ any part hereoi, sa;d MORTGAGEE may place s~~d pay fo~ such insuaancs or eny part thereof without waiving or aftecti~g any op~an, lien, equity, or right under or by virtue of thi~ Ma~gage, and the - full amouM of each and every such payme~t shall be immcdiately due and payable ~~d ihall bea~ interest i~om tM date thereot u~ril pe~d at the rate o! nine per cenrum per annum and ro~erhrr with :uch inte~es? shall be secured by the tien of Ihis mortgsga 1. To permit, commit o~ suffer no wasls, impairment or deterioratia~ of said property o~ a~y part thereof. . 5. To pay s!I and singulsr the costs, charges and e:penses, including a reasonable atto~ney't fte and costs nf abstracts o! Ntle, incurred w paid at any time by said MORiGAGEE, bcca~se or in the erent of fhe iailure on the part of t6e said MORTGAGOR to duly, prompNy and fully perform, d~xharge. execute, effect, comptets, comply w~th and ab:de by each and every the stipvlanons, agreements, conditions, and covenann oi said promiswry note and th7s mortgage any w either, and said coats, charges and expenxs, each a~d every, ~hall be immediately due and payabte; whether or not there be noiice dr mand, attempt ro collect w suit pend~ng; and fhe fult amo~rnt of ~ach and every such payment shal! bear interesl from tfie dale thereof unlil paid at the rate of nine per centum per am~um; and all said costs, charges and expensea incurred or paid, together w~th such interesL ahall be secured by the lien oi thls mortpsge. 6. Tha1 (a) in the event of any breach of this Mortgsge or defaulf on the part of the 1VlORTGAGOR, o+ (b) ;n fhe event any oi sa~d sums of money here7n referred to be not promptty and fully paid wirhi~ th;rty (30) days next after the same severally become due and payable, wi~houl demand a no?ice. or (c) in the evc~t each and every ~he stipulations, agretments, conditions and covenants of sa:d promiuory note and th~s mortga9a any o~ e+ther are ~ot iuty, promptly and fully performed, d~xFwrged, execu~ad, eifecled, completed, complied wifh and ab~ded Sy, then in eifher w a~y such event the sa~d ag~ gregate sum mentioned in said promisswy note Ihe~ remaining unpaid, with inter~st accrued, and a!1 moneys secured hereby, shall oecome due and pay- able forthwith, a thereaffer, at the option of said MORTGAGfE, as fully and complere~y ai if a!! of fhe said s~rms oi money were wginafly st~pulated to be pa~d on such day, anything in sa+d pro~n~uory note or in this Matgage to the conrrary notwi~hstand~ng; and thereup~ or thereaite~ a~ the op~~on of said MORTGAGEE, without notica w demand, suit at law or in eqvity, therefwe w therea(ter begun, may be prosecured as if aU rtaneys sec~~ed htreby had matured pr~or to itf inslitution. 7. Thst in ihe event that at tF~e beginning of or st any time pending any suif upon this Mortgage, o~ to foreclou it, w to refwm it, or to enforce paymcnt ot any tlaims he?eunder, saed MORTGAGEE shall apply to the Court having ~urisd~ction the~eof tor the appointment of s Receiver, such Court shal! forthwith appoinf a receiver of said mortgagcd propeaty all and singvlar, includ~ng all and s~ngular the income, prof~ts, issues and revenues irom whatever source derived, each and every of which, it be~ng expresaly understood, is hereby mortg~ged as' if spec:tically set forth and described in tix gra~ting and habendum tlauses hereof, and such Receiver shall have att the boad and effective (uncnons ana powers in anywise entrusted by s Ca~rt to s Receiver, and s~ch appointment shatl be made by such Court as an admitted equity and a matter of absolute r~gM to said MORTGAGEE, and without reierence to the adequacy w inadequacy of the value of the property mortgaged w to the so~vency p insolvency of said MORiGAGOQ pr the defendants, and that such renrs, profits, income, issues and revenues shali be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dufy, promptty and futly perform, d~scharge, exxute, effect, complete, comply wifh and abide by each and every the stepulations, agreements, condifans and covena~ts in aa~d promiuwy nort and th;s morrgage set fo~th. 9. That in the event rhe ownersbip of the morfgaged premises, w any part thereof, Fxcomes vested in a pcrwn other than the MORTGAGOR, the MORTGAGEE, its wccessors and suigns, may, wifhout nofice to the MORTGAOR, deal with such successor w successor in interest with reference to this mortgage and the debt hereby secured in the same manne~ as with Mo~rgagor without ~n any way ritieting or dixharging the Mortgagori liability hero- unda or upon fhe debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its successors or aasigns and no extension c+f the time for the paymtnt of the debt hereby secured given by the MORTGAGEE or its successors or assigns, aha!! operate ro release, d+scharge, modify change or affect the original Iiab~I~ty of the MORTGAGOR herein, either i~ whole a in psrt. 10. It is spec~fically agreed tha~ time is of the essence of ~his contrad and that no waiver of a~y obiigat~on hereunder or of the obligation so- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the irtstrument secured herby. 11. In add tio~ to the fwego:ng monthly payments of princ'pal and interest requ~red by the prom;swry note secured iee~eby, mortgagor tovenants and agrees rn pay to mo:tgagee v~ith each mon+hly payr~~ent an add~~ional sum est~ :~ared by mortgagee to be equal to 1; 12 of the annual cost of the fol{ow- i ry: A-All real pr~rty taxes levied or assessed aga~nst the a6ove dexri5ed real estate. B-Premiums on fire and windstorm ir±surar,ce as here~n requ~red to be carried on the improveme~ts sitvate on the abovc described premises. C-Prem;ums on such morfgage guaranty ir.surar,~e as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgager shall from t~me to time notify mortgagor in writing of the amount d~e and payable hereunder and sucfi sum shall thereupon be due and Fayable on the due dare of the next mont6!y payment and each successive month thereafter vrti! mortgagee shall notify mortgagar of s change in such a~,ount. Suth sums sha;l be app!ied 6y mortgagee toward the payment of real property taxes, insurante prem:ums, a~xl mortgage guaranty insurance premiums. , IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal rhe day and year first aforesaid. jSigrud, Seal - dejivered in the presence of: W~LJ1@S8 a5 t0 ~ ~~a~ Joe E. Bowers 8 Bower s cs~a~ - Witness as to ~ ` ~J `~``'~°'n ' ~ ?hQlesa B. Bowexs -~elaa B. Bowers ~~aq i ~ STATE OF FLORIDA • • ? courvnr oF St. Lucie # E Before me perwnally appeared .JO6 B. BOIf@~S ' ` ~~~~~~~~~~~~~~~~••~~~~~~~••~~~••~~~~_~~~~~~~~~~~~~~~~~~~~Mrwite, to me well known and known to me to be ~ the individvais desuibed in and who exetuted the foregoing instrument, and acknowledged before me that they exetuted the same for the purposes ! ~herein GXPfMfGd. ti1~~~1l~te1!}~~~ ~~~~~~.~~~~r~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~r~~~~~~~~~~~~~ r ~ wii~vf~he-~sid-----------------------------------------------------------~a3l~il7l~sAl1-p?T~1A i «~+r+r~rro~bl'.r~e~+~ir~w.~e*a~ab•w~intew.t.~w~.fwr~wir~i~sbsMi,~d~s ~eFe~e~ne~he*shelxeetrRdseid~fnftes~ll'h~1~~vltm~ ; ,autY.ar+d~wilbouLanY.roraP~+~aior~soa~t~aio~?~(+P~sie~a~w~w.fw~i.~r~~~sw Y+wal. i•::-s~ ~ p Xt> r. WITNE55 my hsnd and offiual seal this ~-j dsy of Q~~ ' Fr<<c .'aP G:C^aL'EO . . ' ST.IUC~:. ~:0'~NTY FLA. ~ P.C',,:.~ =:~T==$ ( Notsry Public in and fw the 5~t~'o .}~~olida ~t Cat 4. ~ CLEEr. C. ~:~:IT C4;1RT My Comm~ssion eapir . ' es: ~ ~ ~ ; f . Retwn To: ~c~i:R~~ v= F. ~ tE~ - ~ C:Sr \ ~ / • ~ - crc: ` Fint Federsl Savings b Laan Association ~OTARY P } j~~ Ar~~~~~~ ~ MY CpM!~nS$1p}I~f)fp~~j~?R.,16; 1977 ~ s Of fort P~erce. lZ 2z PH 73 ~~£Q ~ Fort Pierce. Florida 25~~1 S Yh~~~(~:z+y~p~(~ ~~p~a ~ ~ : i ' • ' ' 8efore me rsonall a ared _ The~ a ~~eT:•,~ b P~ Y PP~ L B~ BAM@r S _ _ s_~ ~ ~ ~ i~w ~if~y to me well kt?o~' arU/ ~Rt~pr~n'to'ms lo,.ba _ the indw~duals descnbed in and who executed ihe fuegoing instrurt?enf, and acknowtedged befwe me that they exe~oled. the ~stmA• fof'.jhe ~ r~.-, ~herein expre~sed. And the said n'161ae1 B ~ BOw@! 8 * ~ ~ ' } ~ 7 wife of the said , .~Oe B• BON@=s •.•y/~ ~~j~~i~te ~ridP?~ tr " examinatwn by me taken xparafe and apart from her said husband, atknowledged to and before me that she ex+e~ted s'~~iAsl~urtKM fre8lx~~rid +i~lv ~ ~ rarity ar.d without any compulsion, constrairo, apprehension, or fear of or irom her s~id husband. . :;..:.s ~ i WITNESS my ha~d and offiual ual this-~~tj1 day of e - • g~ r` ' ~I 7 = f ^ v ~ This instru~ent re ared b ~ ~I . = P p y Notary Publit in and for t t : • H. Rober t s, Jr . My Comm~asion eapires: ~~~~~~~~~DA ~t LARGE ~ , K.f C:'Y,....~,~,1 fX;_,?rc 1bH. 7. 1~77 `r'irst Feder~ . f 1 cf i=,~rt , _ _ ~ 1 2 ~ ~g ~ . _ , - - s _ _ _ a ' ~ } " " s . . ~ ~"a'~..'x.