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HomeMy WebLinkAbout1610 3. To plste and continuoualy keep on ~he butid~ngs now w M~eatter ?~wate on said land and on all equipment and pc~son+lly covered by ~his mat~ ay~, with ~i) premium~ ~hercon pa~d in lull, firo insuranu in the usual itandatd po~~cy (orm, in s sum approved by 1he MORIGAGEE, and w~ndslwm inswance in ~M uswl uandard po~Ky fam, in a ium approved by th~ MORTGAGEE, in ~vch compe~y w compan~e~ a the MOR~GAGfE may dirsct: and ali i've and w;nd~~orm insuranc~ poliues on any of ie3d build~nps. any interest ~herein w parl Ihereoi, in tM aggreqa~e ~um ~faesaid w in txuss Ihcreof. shail contain ~M vaw! standard mortgayee clauss a such o~ha ctauss as the Mo~tpe8es may rcqu;re, maA~np the los~ unJN •a~d poli~ cief, each arid wery. payable w sa~d MORTGAGEE as ~ts interest may ~ppear, u+d each and eve~y such policy shall bs promptly ass.gncd and de~iverrd to ~ny held by said MOltTGAGEE u further tecurity ~o uid mortyage d=o1, and, not leu than ten (10) days in advance of the eYpi~a~ion of e+ch poticy, to da liwr to said MORTGAGEE a rtnewal ~he~eof, toge~hN with a receipl fw the premium of such renewal; and there ihall be no fire or windi~orm insuranc~ placsd on u~y oi said build~ngs. ~ny interest the~e~~ o? p+rt thereof, unleaa in the form •nd wi~h fhe lou paYabte ss afweiaid: +nd in the event any tum of monty becomts payable u~+de~ such policy or polK~ss sa~d MORTGAGEE ~hall havs ~he opt~on to receive a~d apply the iame on accoun~ o( the indebted- ness secwed hereby w 1o permit said MORTGAGORS to receive and uk it a any part ~hereof fw otncr Nu~poses, v.~~ho:,t th_rao~ waiving or ~~~~pa1r- iny any eqv;ty, I;en a righ~ under w by virtue of this mo:!gage; and in the evenl ~a~d MORTGAGORS shall fo? any reason fail to keep the said premisra so insu~ed, w fail 10 deliver promptly any oi said polKiei ol insurance lo said MORTGAGEE, o/ iuil promptly to pay fuily any p~e~n~um therefot or in any re~pect fail b periorm, d7scha~ge, eaecu~e, effed, complete, comply wi~h ~nd abide by this cove~anr, a any per? hereof, aaid MORTGAGEE may p~~ce and paY fo~ such irourance w any {»r~ thcrcof withovt wsiving or affec~i~g ~ny opt~on. {ien, eq~ity, w r~gh~ undr w by vi~tue of ~his Mortyage. and the full amoun~ o( each and ev~~y ssxh payment shall be immediately dve +nd p+Yable and shall besr inte~est from the date tAereoF unii! paid at the ~a~e ol n;ne per ce~tum per annum and to~e~her with suth in~eresr shall be s«ured by tF~e lien of this mo~~gage. 1. To permit, ewnmit a wffer no waate, impairment or dete~ioratiw~ of ssid property w any part thereof. S. To pay all u~d sirguls~ the costs, char~et snd expense~, including a re+sonable +tto~ney i fee snd costs of abst?ads of title, incurred or paid at any time by sa~d MORTGAGfE, because or io the evero of the faiture on the parl of tAe said MORTGAGOR ro dvly, promptly a~d fully perlorm, d~scharge, exec~te, effM, con+plcte, comply w~th and ab:rle by esch and every 1he stipulations, agreements, conditions, and covenants of said praniswry note and thi~ n,ortgage any a ei~he~, a~ sa~d cosn, charges and e:pense~. each and every, s?Wtl be immediale~y due +nd payable: whether or not ihere be notice dr mand, attempt to colkct a suit pend~ng; and the tutl amovnt of each and every such paymeM shall bear interest from the date thereof uNil paid a1 Ihe rare of nine per centum pe~ annurn; anc! all said cos~s, charges and expenxs inturred or paid, toy~elher w~th such interest, shal{ be zetured by the lien of this ~ mortpape. 6. Thst (a) i~ the event of any bexh of this Mortgaye or default o~ the part of the MORTGAGOR, a(b) in the event any of sa~d swns of money herein referred to be ~ot promptly and fully paid wohin ~hlrty 1301 days nexi after the same srveralty become due and payable, withoW demand or norice, ar (U in the e~~ent eacA and eve+y ths st~pulations, ~greemenn, cond~tans and covenants of sa~d prom~uwy i+ote and th~s mo~tgage any a either are nof iuly, prompt{y and fully performed, d~schargrd, executed, etfected, completed, compl~ed with and abided `sy, then in ei~her or a~y ~uch event the sa~d ag gregate wm mtntioned in said promissory rate then rema~ning unpaid, with interest accrued, and ail moneys sec~red hereby, shall become due and pay- ab".e fwthwith, or ?hereafrer, at the op~~on of sa~d MORTGAGEE, as fully and completely as if all of ~he said sums of money were or~ginally tt~putated to be pa+d on wch day, anything in sald p~omissory oote or in this Mortgage to the contrary notwithstanding; and thereupon w thcreafter at the oplion of said MORTGAGfE, w~rhout no~~ce o?• demand, suit at law or in equ~ty, fherefore o~ thereatter begun, may be Rrosecuied as if all mo~eys sec~red hereby had matured pnor to ~is irutitution. 7. Thst in the event thaf at the beginning of or at any tirrK pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any daims hereunder, aaid MORTGACaEE shall appty to the Covrt having jui~sdrc?ion thereo} for the appo~ntment of a Receiver, such Court shall forthwith appoint 8 rece:ver o1 said mortgaged property all and singular, includ~ng all and siogular the income, prof~fs, issues and revenues irom whatever seurce derived, esch and every of which, it being expreuly understood, is hereby mortgaged as if spetifically xt iwth and desuibed in the granting a~d hatxndum dauses hereof, ar.d 3UCF1 R2CGIVK shall have all the broad and effect~ve func?~ons end powers in anywise entrusted by a Court to a Receiver, and s.:ch appointment shalt be made 6y such Court as an admitted equity and a matter of absolute right ta said MORiGAGEE, and without reterence to the adequacy or inadcquacy of the vstue of the propcrty mortgaged or to the so~vency or insolvency of said MORTGAG~R or the defendants, and that svch F ren~s, profin, income, iuues and reversues stwll be applied by such Receiver according to ~he lien or equity of said MORTGAGfE and the practice of such Court. 8. To duly, promptly and fully perform, dxharge, execute, effect, complete, comply with and abide by each and every the stipu!atioru, agreements, co~d~tions and covenanrs ~n sa~d prom~ssory note and th~s mortgage set fwth. 9. That in the event the owncrship of ~he mortgaged premises; or any part thereof, becomes vesfed in a perwn other than the MORTGAGOR, fha ti!~RTGAGEE, in succrsaws and ass~gns, may, without rwtice to the MORTGAOR, deal with such successw or successor in interest with refere~ce to this mo+tgage and t!x debt he~eby secured in the same manner as with Mo~tgagw without in any way vitiating w discharging the Mwtgagori liability here- under d upo~ the debt FKreby sec~red. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors w assg~s and no e:ten:ion oi fhe rimr fw the payme~t of the debt hereby secured 9iven by the MORiGAGEE or its successors or ass~gns, ahall operate ra release, d~xharge, modify change or affect the original Iiab~I~ty of the MGRTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this co~tract and that no waiver of any obligation hereunder or of the obligstion se- cured hereby shati at any time thereafter be held to be a waiver oi the terms hereuf or of the instrument secured herby. I1. In add:tio~ to the fweganq month!y payments of princ pal and interest requi~ed by ttx promiswry note secured hereby, mortgagor covenants and agrees to pay to m.o:t~agee vvnh each monrhiy payn:ent an add~rional sum est~mated by mortgagee ro be equal to 1/ IQ of the annual cost of the follow- ~ng: ~ A-All real property taars le~ied or assessed agai~st thc above descr~5ed real estate. i B-Premiu+ns on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate o~ ihe above described premises_ I C-Prem~ums on such moztgage guaranty insurar.ce as mo.tgagee shaii from rtme to time deem fit to carry on the loan secured hereby. ; Mwtgagee shaSl from tir~e to ~ime notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ ,ayab!e on the due date of ~he next monthty payment and each successive month tne:eafter ur.til mortqagee shall notify mortgagor of a change in such ~ a-^ount Such sums shaii be app:ied by mortgagee roward the payment of real property taxes, insvrance prem,ums, and morigage guaraoty insurance premiums. ~ IN WITNESS 1A'H~REOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afwesa' . 4 ~ $i9ne~, $e and livcred in exnce of: ~ ~ witnesses aa to signatuze q ~ of Michael Prevette ic ae evette ~~an ~ _-e-d' ) k~itnesses as to signatu ~ ne K. ~ revette xary __~~,~-t~ i. ) of Adeline K. Prevette ~se,q ; ; SiATE OF fLORIDA ~ $t . 1.11C le ~ COUNTY Of . ~ ~ '•ard ~f«~ a~tir ,~a,~d Michael Pzevette~ a sin41¢ adult. ~is~wif~e, to me well knowmind krw~ral0.~~? ~ ~ rhe individwl described in and who executed the fwegdrg . inskument, and acknowledged before me that he executed t~ sarr~e'~f fhe ~ur~Y ~ . s ~ rherein expresxd. ~1wi~M ~ai~ . ~ v~ - ' , i r~ ~ ~ +~~w:~ y~f ~ ~:4.ot ~M iwi _ _ enw~tiow~+ne~ak«~p~.s~e~wbep+r~~fis~~+e? aai~t+esbaw~~sek~a~AldgeQ~tran~beFO1s'me~Flarsf~lrlxlR,tlQS ~ 'a ~ _ ~ rw~/y~s~~+wboetafr~ter~rpo!lbrr~t*1rtsRaSff~~lppr~ll~'I~f,~~tO~f~Ty~~l3ref'OI~fQA111l1Z3'1fi11UllilAt~.' : ~ ; ` ~ • WITNESS my hand and official.seal this day of June q_ ~ ~q 7• ~ J • . ;ti, , . a;~ SiATE OF~ N~! ~Zf6y - ! 5$. Notary Public ' DA at LAlt[, _ Mossis ~ COUNTY OF 1 . My Commission e~cpires: .~S~`!. {RES JAN. 131) Befae me perswwlly appearcd Adt1~D~ K• P]C6V~tl~~ a? ~1D91~ i~lt~ °y-Iyrer~i~'~ , to me well known and known to me to be - ' ~ ;F;~ rhe individual described in and who exec~ted the foregoing instrument, and acknowledged before me that~he executed the same fw tF~e purposes - rherein exp~essed_ ~Awi~i+~~wd .rif~d.ih~said , spsrrsx~w~tsw~~ww~e~ a.aw~i~LO~~r+r~iai~rrs~MwMa~w~~rsl~i~?.s~:ii~wiew~.~~w~e~i~rw~ii~fereww~t-s~l~~Aed~skl~iw!lnn+M+t-feleM/~snt~~eleer w k,~: -.w.yr.~rnl.wili.o~r~~np.~~r*pwsiwM+~ows+rwwtr~P}~e~ew~~e~~~?iwr~~(~w~iwwi~w~ai~l+enb~wdr , ~ v ~ ~ WITNESS my hand and official seal tF?iL ~.~Sd~. day of ~n~' a o. i9 73 ~ This instsus~nt prepas~d by q~ / ! ~ 2S'719 ' ' J Y/ ~.YG4T"~-A - 4f ~ ~T,~ i~~i~iA4 ~Y~ Richatd K. Kayes ~ filEO AM~ REC Notary Pubt:L in and fw State~f-ii at lsr~e First FedQral Sa?vings aitd t-oan LUCIE COUM My Commis3ion expi? ~ Associatiotsf~zo~ort Pierce, Rlori~~ ROCER ~OITRAS ~~~~•71J CLERK CIRCUR COUR? ri'~ fint federal Savings b loan I?ssociat~on _ - os Fo.t P erce. RECORD YERIF ~y Fort P~erce. Ftorida , - . _1 ~ J~ 28 2 v2 PM'?3 $e ° ~ -~n~;~~ F< ~ .IY~ . . - _ -:3r: ~ _ ~ ' _ . , ' - ' '3 4..~~ . . _ . , .