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HomeMy WebLinkAbout1618 : 3. To place and co~unuouily k~~p on the bu~:d~n9s now w Mreaher ~;~wt~ on ~a~d land +nd o~ all equiprnen~ +nd psrionally covered by this matq~ •g~, with •11 prsmiums ~hereon pa~d in full, fire insurance in the usu~l stanrl~~d policy form, in a sum ~pproved by the MORtGAGEE, ~~d w~ndito~m insur~r?c~ in tM uswl ~tanda.d pol~cy fam, in a sum ~pprov~d by tM MORiGAGEE. io ~uch company w comp~n~ei a lh~ MORTGAGEE m+y dir~ctj ~nd all fire and windstorm iruvr~nce po~k~ei a? +ny of sa~d build~~?ps, ~~y int~reu therein or part thereof, 1n tM s~greyate ~um ~fwctaid or in exceu Ihe~eof, thall co++fain the uiwl sunda~d mortyape~ c~+uie a such other clauw ai 1M Matqaye~ may ~equ~n, makin~ ~he loss unde? sa~d poli~ cies, e+ch and ~very, payable ro ssid MORTGAGEE at its imerest m~y appear, and each and every tuch policy ~hall be pranp?ly ats y~ud and delivered to •ny hetd by said MORTGAGEE as (u~tF?er sccurity ro said malga9e debt. ~nd, no1 less tMn Ien (10) dsys in advance oi the exp~r+tion of e~ch policy, to da IivK ro taid MORTGAGEE • renewal thereof, togetMt with ~ reteipt fw tM premivm of suth ren~wal; ~nd ~here thall b~ no fir~ or winds~o~m insur~nts pl~csd on sny of said buitdinps. ~ny inte~ssl thenin or p+rt ttu~wf, unl~u in ~IK fwm and with ~F» loss p~yabte ai ~fa~isid; and in tl+e event any ium ` of money becomei payabte under such policy or polKies said MORTGAGEE shall have the option ro receive and apply 11+e same on +ccount of tM indabted- ~ neu secured he~eby or to pe~mit said AAORTGAGORS lo rcteive and us~ it a any part thereof fa o~her purposes. without tha+eb~ waiving o~ ~~r,pair- in~ any puity, lien w right unda w by virtw of Ihis marsqage; ~nd in tM event sald MORTGAGORS shall fa any reason fai) to keep tF?e said premisa~ w insv~ed, or fail ro deliver p~omptly ~~y of said policies of in~urance to said MORTGAGEE, w fail promptly to psy fully any premium therelor o~ in anY respett fail to pe~fam, dischargs, executs, effed, comptete, comply with and abide by this covenant, a+rty pa~t he~eof, wid MORTGAGEE may place and paY fw such inwrance o~ any parl thereof withouf waiviny a~ffectinp any option. lisn. equiry, a righl under or by virtue of this Mortga9e. +nd tht tull ~mount of each and tvery such payment shall be immediately dw and p+yabk ~nd shall bt+r interesl from tM date th~reoi until paid ~1 the rate oi nine per centum pe~ annum and to~ether with such interest shalt be ucured by tM lien of this mortqafle. To permit, commit or suffer no wasts, impairment w dete~iaution of said properry w any part theraof. S. To pay all a~d iu+9ula~ the cost~, ch~rga ~nd expe~ses, includiny a reawnabb attorney i fee and wsts of abstracts of titls, incurred w paid at any time by said MORTGAGfE, because a in tF+e event of the fa~lure a? the pan of ~he aaid MORTGAGOR to d~ty, promptly and fullY pe~fwm, d~xharge, execvte, eftect, comptere, comply with a~d ~b~de by each and every the stipula~~ons, agresments, conditions, uxi covenants oi sa~d prwniswry note and ~hii mwtgage any or eithe~. and sa~d cosn. ch~rges and expenses. each and evcry. shall be immediately dw and peyable: whethcr a not there be notice da mand, atiempt to colkct a suit pendinp; a~d the tvll artavM oi each ~nd rvery s~ch p~ym~M sMll bea. interei~ from ~he date thereof until paid H the rare oi nine per crntum per annum; and all said costs, charges and expenus i~curred w paid, together with suth interesl, ilwll be setured by ths lien of thu mortyaps. 6. That (s) in the event of any ixeach of this Mwtgage or defsulf on tM parf of the MORTGAGOR, or (b) in the event ~ny of satd sv~+s of money herei~ referr~d to be no1 promptty and fully p~id within th~~ty (30) days next aiter the same xverally become dua and payable, without demand w notice, or in the eveM each and every the stipulations, sgreements, conditions and covenams of ss~d pranissory rwte and th~s mortpage any w eit1+N are not iuly, promptly and fully periwrned, dixharged, executad. effected, completed. complied with and abided by, then in ei~her or any such evenl tM said ag gregate wm mentioned in sa~d promissory note then remaining unpaid, with interest accrued, and all morxys secured hereby, thall become due and pay- able forthwith, a thcreafter, st the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were wigin+lly it~putated ~o be pa~d on such day, anything in sa~d promissay note w in this Martgage ~o ~he contrary ~otwi~hstanding; and thereupon or tt+ereafte? a~ tM option of said MORTGAGEE, withovt notite o? demand, suit at law ot in equity, therefwe or thereafter begun, msy be prosccvted as if all moneys secured hereby had matured pnor to its institvtion. 7. That in the event that at tF?p beginning of w at any time pending any suit upon this Mwtgsge, w to fweclose it, o~ to refwm it, w to e~force payment of any claims hereunder, said MORTGAGEE shall apply to the Gour~ having jurisd~a~on thereof tor the appo~otment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singvtar, incfud~rg all and sir.gular the income, profits, issues and revenues from whate~er source derived, exh and every of whKh, it being expressty understood, is hereby mortgaged as if speufically set forth and dew~bed in the granting a~d habendum clavses hereof, and such Receiver shall have all the b.oad and efiective funcnons and powen in snywise entrusted by a Court to ~ Rcceiver, and :uch appointmcnt shall be made by such Court as an admitted equity and a maner of absolute right to said MORTGAGEE, and without reference to the edequacy a inadequacy of the value ot the prope~ty mortgaged or to tF~e so~ve~cy w insolvency of said MORTGAGOR a the defendants, a~d that such renu, profin, incane, issues and revenues shall be applied by such Receiver according to the lien or equiry of taid MORTGAGEE and the practice of such CovA. • 8. To dufy, promptly and futly pcrfwm, discharge, execute, effect, complete, comply w~th snd abide by each ar+d every the stipulat'ans, agreements, conditans and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe?son other than the MORTGAGOR, the MORTGAGEE, irs succeuors and ass;gns, may, without notice to the MORTGAOR, deal with such successw o? successor in interest with reference to this mo~tgage and the debt hereby secured in the same manner as with AAortgagor without in any way vitiatiny w diuhargirg the Mortgagors' liability herr under or upon the debt hereby secured. No sale of the premixs 1~ereby mwtgaged and no forbearance on the pan of the MORiGAGEE or its successors or assgns and no e:tension of t1~e time fw the payment oi the dcbt hereby secured given by tl?e MORTGAGEE or its sucteuws or assigns, shall operate to ~elease, discharge, modify change w affetl !he original liability of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the esunce of this contract and that ~o waiver of any obligaf~on hereunder w of the oblgation sr cured hereby ahatl at any time thereafter be held to be a waiver of the terma hereof or of the instrumenf secured herby. I1. In add~ticn to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mongagee to be eq~al to 1%12 of the annual cos! of the follow- ing: , A-All real property taxes lev~ed or assessed agai:~st the above described real estate_ B-Premiums on fire and windstorm insurance ts herein requ~red to be carried on the improveme~ts situate on the a~bove destribed premises. ~ C-Premiums on such mortgage guaranty insurance as mortgagee shatl from t~rne to time deem fit to carry on the ban secu~ed hereby_ i 1Nortgagee shell from time to time notify mortgagor in writirg of the amount due a~d payable hereu~der and suth sum shall ihereupon be due and i F~yable on the Zlue date of the ne:t monrhly payment and each successive month thereafter ur.til rtwrtgagee shall notify mo:tgagor of a change in such } amount. Such sums shall be applied by mortgagee toward ti~e payment of real property taxes, insurance p~em:ums, and rtwrtgage guaranfy insurance F premiumi. E IN WITNE55 WHEREOF, the sa+d MORTGAGOR has hereunto set his hand and seal the day and r first aforesaid.~ ~ Signed, ed ar.d delivered in the pr of: ~ - ' ~~O aq _ (Sean ~ _ _ _ - ~Se+Q ~ ' - - ~aQ a SiA7E Of FLORIDA 1 couNrr oF St . Luc i e 8efwe me personally appeared -JaIil~ S R. Ba?rker a~ A1ae Jean Barker his wife, to me well krrown a~d known to me to be the iridividvals described in and who executed tl?e foregang instrument, and scknowledged before me that they executed the same for tFx purposes therein expressed. Md the said i~~ae Jean F3arker r,s wf (e of the said Tam e s R B a r ke r ~ oPo~, a separate and privats ~ examinaYwn by me taken separate and apart from her said husband, atknowledged to and before me fhat ~F~e exetufed said instrument freely and vofun- rarily and w;thout any compulsio~, constraint, appreheni or fesr of or from her said husbsnd. ~ WITNE55 my hand and official seal thi• ~3 ~f`' day of June q, p, ~q 73 F! LED Afi~ REC ~ s~ ST. LVCI~ C~V~tY f~.A. Notary Public in and i the St e of Flwida at larye ROCER P4iTRA5 My Commission expirts: Retu~n To: CIERK CIRCUIT COURT r`~ First Federal Savings 3 loa~ Associat~on RECORD YERIFIEG~..,..~~ ~ ~ Of Fort P:erce. ~ Fon P;erce, Florida t': ~?,!C STA?f ~f fLORIDA M UR6E T~ ~ 10 2 a3 PM'~3~- ~ 'L/ __";`IS:JGH EXVIF,ES ;AN. 7, 1917 . ~ :~1.. ~ •t/ A.~~Ert;.er ; a!~n2tS ;f:3Ylsike CO. . ~t . J ~ , , , This Instrument Prepared By Richar~l K. ~ yes • ~ First Federal Savings 8 Loan Association tj . µ • ~ of Fort Pierce . Fl o r i da ~ . _ ~ ~ ; :c., _ - ` S ~ Checked BS- ~ " ' h G ~ ~ ~ p ~ ; ` ~ sv 4 ; 4~ ~ 90C~( ~.i~ ' , , : . , Y~~~~ , ~ ~ ~ ~ - ~ ~ . . . . - ' - - - - - _ .