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HomeMy WebLinkAbout1457 3. To place and continuously keep o~ the bui:d~ngs now or he~eaf~er ~iiua~e on ssid I~nrJ.and on all equi~xnent and peraonally cove~ed by thii mong- ege, with all p?emium~ ~hercoe? pa~d in lull, (i?e insurance in ihe vsval ~tandard policy form, in a sum app~oved by the MORTGAGEE, and w~nds~o~m insur~nc~ 1n the uswl s~andard pol~q form, in s wm approved by the MORTGAGEE, in ~uch company o~ companies as the MORiGAGEE may directj and all firs and w~nd~~orm i~~urance policie: o~ sny of taid bu~ld~ngs, ~ny in~erest therein w part tlsereof, in the aggreflat~ sum ~lotesaid ot in ~xcets lhereo/, sMtt contain the usua! srartdard morrgages clsus~ w such other clauss ~s tM Morfgagce may ~equ~.e, maki~g 1M 1ou under aa~d po1F ues, each and every, payabte to said MORTGAGEE ss ~~s intere~l may appear, and cach a~d every s~ch policy ahall be promptly ass:gr.ed a~+d deli~ered to sny held by said MORTGAGEE as further security ~o said mortgage deb~, and, rat lesi than ten l10) dsyi in advance of the expiration of each policy, to da l~vsr to iaid MORTGAGEE a renewal thereot, ~oflether w~~h ~ receipt fo~ ~h~ pren~ium' uF s~:h re~:ewa!; ,:rd there shall be no iire or w~nds~o~m in~urance placed on ~ny of iaid buildinga, a~y i~tereit Ihcre~n or part tMreof, unle:s in the form and wiih the lou payable as aforesaid; and in the event any tum of monsy becomes payabte unde~ such polity or pol~cies iaid MORTGAGEE ahall Mve th~ option to receive and apply the same on account of the indrbted~ neu setur~d hereby o~ 1o permil said MORTGAGORS fo rKeive and use i1 w any part Ihe~eof ia other purposes, ~v:thout th:rco~ waivi~tig or unpair- ~^9 +~Y ~q~+~tY. ~ie~ a~~9ht under or by virtue of this mortgage; and in the event said A10RTGAGORS shall fw a~y reason fail to keep the said premisr~ ao insured, w fsi) to deliver promptty any of said poli~ies o) insurante to said MURTGAGEE, or fail promptly to pay fully any premium lherefw w in any _ re~pect fail to patorm, discharge, execu?s, effecf, con,plete, comply with and ab~cle by th~s covenanr, w any part hareof, sa;d MORTGAGEE may piace a~a pay fo? such iruurante a any psrl fhereof without waiving w affecling any option, lien, equ~fy, w~~ghi under or by virtw of this Mortgaqe, a~d tht ' f~ll +mouro ol each a~d every such paymenl shall be immediately due and payable and shall baar interest from ths date thereof untii paid at the rate o! ~~ne p~r centum per annum and toge~her with such interest shal{ be secured by Ihe lien oi thii mortflage. 1. To permit, commit a suffer np wssfs, impairment w deterioration of sa~d prope~ty or eny pan thereof. 5. To pay stl snd aingular the costs, charges and expenses, incfuding a?easonable sttorney i fee and costs of abstrac~s of titte, incurred w pa~d a~ any time by sa~d MORiGAGEE, bacause or in the event of the failure on the pa~t of the said MORTGAGOR to duty, ~~omptly and fully perfo.m, d~xha~ge. execute, etfect, comptete, comply with and ab:de by each and every the stipulatiw~s, agreements, condi~ions, and covenants of said promiswry ~ote and thit morfgage +ny w either, and u~d costs, cMrges and expenses, each and every, shall be immediately due and payable; whether or not there bs not~ce dr ma~d, attempt to collect or soit peodfng; and the futl amovm of each and eve.y such paymen~ shall bcar iNerest from the date thereof until paid at the rare of nine per centum per annum; and all said costs, tharges and expensea inturred a paid, logether w~th wch iMerest, shall be secured by the lien of this mongags. 6. That (a) in tF?e eve~t of any breach of this Mwtgage w defaul~ on the part of the MORiGAGOR, w(b) ir? the event •ny of ssid svms of money herein referred to be not promptly and fully paid within th~rty (30) days next sfter ~he same severally beceme due and payabls, without demand w notice, or (c) in the event esch and every the slipu~ations, agrrements, co~d~tions and covenants of sa:d p~omissory note and th~s mortgage any or e+rhe~ are no1 iuly, promptfy and fulfy perfwmed, d~scharged, executed, effectcd, completed, compl~ed w~th and ab~ded by, then in e~ther or any such event the said ag gregate ivm rn~ntioned in said p~omiuay note then remaining ~npaid, with inleresl accrued, and all moneys setured hereby, shall become due and pay- able forthwith, w therealter, at the opt~on of sa~d MORTGAGfE, ai futly and complerely as if all of rhe sa~d sums o4 money were w~ginally st~pulated to be paid on such day, anything in sa:d pranissory note or in fhis Mortgage to the contrary notwithstanding; and thereupon w the:eafter at the op~ion of said MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore or thereafter begua, may be presecuted as if all mwreys tecured hereby had mawred p~~or to ~ts institWeon. 7. That in the event that at the begin~~ng of w at any time pending any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of a~y claims hereunder, said MORTGAGEE shall apply to the Courf having jur~sdic~ion thereof tor the appointmenl of s Receiver, such ~ou~t shall ! Forthwith appoint a receiver of said mortgaged property aIl and singular, includ~ng all and singulai fhe inco~~e, prof~ts, iuues and revenues Irom whataver ~ source derived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as if spec~ficalty set forth and dexribed in the granting and habendum clauus hereof, and such Receiver shalt fwve all the broad and ef(ecr~ve funcrtons and powen in anyw+sr enuuated by a Court to a Receiver, and s.:ch ~ppointment shall be made by such Court as an admitted equity and a matter of absolute rigfit to said MORTGAGEE, and withoul reference to tha edFquscy w inadeq~acy of the value ot Ihe property mortgeged w to the solvency a inso~vency of said MORiGAGpR o~ the defendants, and ehat such renrs, profin, income, iuues and reven~es slwtl be applied by such Receiver accord~ng to the Iien w equity of said MORTGAGEE and the practice of such Court. 8. To dulY, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stiputations, agreements, conditions and covena~ts in sa~d promissory note and ihis morfgage set forth. 9. That in the event the ownership of the morlgnged premises, or any part thereof, hecomes vzsted in a pason other than the MORTGAGOR, the M:ORiGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with refere~ce to this rnortgsge and the de6t hereby secured in thc same manner as with Mortgagor without in any way vit;ating w d~schargi~g the Mongagori liability F~err ~nder a upon the debt hereby secur~. No sale of the ~remises hereby mortgaged and ~o forbearance on the pan of the MORTGAGEE or its successws cr assigrs and no extension of the time (or the payment of the debt hereby secured given by the MORTGAGEE or its svccessors or auign~, ahal! operate ro release, dixharge, modify thange w affett the origirwl liabitity of the MORTGAGOR F~erein, either in whole or in part_ 10. It is speuficatly agreed that time is of the esunce of this contract and lhat no waiver of any oblegatiore hereunder w of the ob~igation se- c~red hereby shall at any time thereafter be held to be a wa~ver of the terms hereof w of the instrument secured herby. 11. In add:tlo~ ta the forego:ng mon~hty payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenanis a~d agrees !o pay to mo:tgagee x:th each momhly pay~nent an adduionat sum esnma~ed by mortgagee to be equal to 1% 12 of the annual cost of the follow- ;ny: ~ A-All real property taxes levied•pr assessed agaisst thc above desuibed real estate. 6-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the in~~oveme~ts situate on she above described premises. C-Prerniums on such mortgage guaranty insurar,ce as mortgagee shail from t;me to time deem fit to carry on the loan secured hereby. ti~ortgagee shal{ from ~ime to time notify mortgagor in writing of the amount due and payable hereunder artd sucF. sum shall thereupon be due and ~3yable on tne due date of the next monthiy payment and eacA successive month lhereafrer ur.til mortgagee shall no?ify mortgagor of a change in s~ch ~^%ouni. Such sums s~all be app!ied by mortgagee toward ihe payment of real property taxes, insurance prem:ums, a~~d mo:tgage guaranTy insurance ;;~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea! the day and ear first afwewid. F ned, Sealed and delivred in the presence of: - Seah _ _ Oo aId J• aq - ~ lSeaq - y • a ~a~ STATE OF FIORIDA ~ - St. Lucie ; courvrr oF Before me penonal(y appeared ~onald J. Paul ~ and ' ~ry R~ pa~ his wife, to me wel! known and knc•~vn to me to be k the individusls desuibed in and wha executed tha fw o' instrument, and atknaw! ~ ~g u~g rdged be4ore me tfiat they executed the same fw the purposes ; rherein expaeised. And the taid- ~Yy R• Patl~ ~ ,.~re of ~~-,,;d _ ~ - onald J. Paul ~ vpon e sepa~afe and private e..am~nat~on by me takeq•s~para~_'~trd apart from her said husband, scknowledged to and before rt~ that she executed said instrument freely and vol~n- !zrily and without any toa~pu~oey'~~c~tutrsint, apprehension, or fear of w from her said hu:band. W17NESS my fiar~~A~ os~:~1's~[;~~ i5th day of June A. D. 1973 ` `````'U_ i~,,~~' .,~.yz. ! ~ i~~~ Y~': . ~ / ~ ~ r ' _ ~ } e ~ _ ~~*M ; ti•';~. • Notary Public in•an r the State of ftosida ~t large + ~ ; R~".~ ~~F : My Comm~u'we expires: • ' . ~ ~y first Feie4al;Sa~ings ?pan As~otiat~i~= :Of ~tCP~~lce. i=,.~_t Nehry ~t~ie~ SNN ef p~~ ~A 1i/N S Fo,*. P~ t~' ~CL; ~ MII Gwuai~sios Es'i~w Otl. ~0, 1lli . . d = ~ ~`fJ ~ ~'-v = ~«~eaa ~r A„».Ka, FA a G.~dep ta ` ~ * p . j ti ~ This,lnsf Uttfe!"`~ epared By John W. Collins : iut0 = First FederaE Savings & Loan Association 51 `;.t;:;I: ~ .~;~tR . of Fort Pierce , Florida R'' ' ~ . . . . : . • --J'+^ f ~ Checked B JUN 1~ ~ 37 b~ ` I 3 ~ g~oK215 ~~~f1454 , = z5'7Q92 , c; , M1 ~ ~ ~ , .~r ~ ~ z~ . ~ . _ .