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HomeMy WebLinkAbout1847 3. To place and continuously keep on the buildinge now w he~eafter tituate on sa~d I~nd and on aU equ7pmenf and pe.wn~lty cov~red by th~s mortq- ~g~, with ~It premiuml lhereon pa~d in full, fire insur~~ce i~ the vsusl trandard polity }o~m, in • sum ~pproved by the MORivAGEE, and windstwm inivr~~c~ M fM uiual ftandard pol~cy fam, in s sum approved by ~M MORTGAGfE, in such comp~ny o~ com~.anles ~s the MORiGAGEE may di~ecl; ~nd all (in a~d wiodstorm insura~ce policie~ on any o( said buildinys, any interest ~here n w pa~t rhereof, i~ tF~ aQg~egsle sum ~forewid a tn ~x<~ /hereof, slull conrain tha uival slandard motlgages clauu a suc6 othtr claus~ ~s the Mat9agee may requu~, mskinq t1w losi unda sa~d polN cisi, each ~nd every, payab~~ ~o said MORTGAGEE as ~ts interesl may appea~, and each and ~ve~Y such policy shall be p~omptty su.9ned ~nd del~vered ~o sny M!d by said MORTGAGEE +s turther security to said morrpaye debt, and, nat !e» than ten p0) days in sdvance of the e:piwtion ol e:ch policy, to de- liv~r to said MORTGAGEE a renswal thereof, toye~hN with a ~cce~pt fw the premium oi i~ch renewal; +nd ~here ahall ba no f~r~ w wi~ds~wm ins~rant~ pl~ced on ~ny of taid b~ildings, s~y interetf therein or parl thereof, unleu in th~ torm and with the los~ payabl~ ~s •faessid; ~nd in the evenl sny sum of morroy betorneY payable under such polity w politios wid MORTGAGEE thall haw ~he option w reteive and apply tM same on accovnt of the indebted- r+tu utured F~eby w ro pe~mit said MORTGAGORS to reteive and us~ it w any part therroi for otner pu.pases, witM.,t tha.tur waiving w~r~epair- iny any puity, lien w rght uncler w by virtue of this mortgage= and in ths event said MORTGAGORS shall fw sny reason fail to keep tha said premises so insured, or f~il to deliver promptly any of wid pol~cies of insursnct to ss~d A10RiGAGEE, w fai! promptly 1o pay fully a~y premium therefw or in any reipoa fail w pafo~m, d~scha~ge, execvte, effect, complete, compty with a++d abide by Mus c+ovenant, or any pa.~ hereof, sa;d MORTGAGEE may pl~ce •nd par fo. such irowancs a any part ~hercof w~~hout w~iving a affectinp eny op~ion, licn, equity, w righ~ unde? or by virtw of ihii Matyaye. and the full amovnt of each ~nd every such paymeM shall be immediately due ~nd payable ~nd ihall be~r ;nteresl from Ihs date rhereof ~nti! paid st tM ra+e ol nine pN cenrum per annum ar~d rogethe~ wirh such interest shall be uc~ied by the lien of thii mortgage. 1. To permit, cpnmN p suf?a no waste, impairment o~ dcterioration of said properry w any psrt thereof. 5. To psy all and sirgvtar the coats, cF?arges and expenses, includ;ng • reasonable +ttaney i fec and costs of abstracti o( title, incvrred p paid at any time by sa~d MORTGAGfE, becavse or in the event of the iailure on the pa~t of the ssid MORTGAGOR to du~y, promptly and fully perfwm, d~uharge, executs, effect, compfe?e, comply witl~ a~d ~b~de by each snd every the stipulat;pu, sgreements, condiYw~s, and tovenanb oi said promissory ~ote snd thu mortyage am w ei1Mr, and iaid tosb, char9es ~nd eapenses. each and every, iMll bs immsd~aely due aod psyable: whe~her a++ot there be nor~ce d~ mand, altempl to colletl w tvit peild~ng; a~d tM fvlt amo~nr of each and evefy ~vch psyment shall bea~ interat from 1he date thcreof uMil paid ~t tFK rate of nine per cen:um per annum; and all said costs, cha ges and expenses incurred a paid, toge~her wnh auci? intere~t, shal) be aecured by the lien of this mort9aga ~ 6. That (a) in tAe eve+?t of any b?exh of this Mortgsge or defwtt on tlr pa~t pf the MORTGAGOR, a(b) in the went ~~y of se~d tums of money herein r~ferred to bs not prompfly and fully p~id within ~hi?ty (30) days neat after fF~e same sevmatly become due snd payable, without demand a ~otice, or (c) in the event exh a~d every ~he stipulaiions, agresments, condit~ons and covenants of u:d prom~ssory note and th~s mortgage any p either a~e no1 ~uty, prompNy and FuIly perfwmed, d~xharged, execWed, eifected, completed, compl~ed with and abided 5y, ther? in eitFMr w any such eveM ths said ag g~egate sum mentioned in said promiuory note the~ remaining unpaid, with inteaest ataued, a~d atl moneys tecured heteby, shall become due and pay- ab:e fwthwith, o~ thereafter, a~ fhe opt~on of said MORTGAGfE, et fully and completely as if all of ~he said wms of mor~ey vre~e orginally s~~pulated fo be pa~d on such day, anything in sa;d prom~sswy rate or in this Mwtgsge to the contrary notwi~hsta~ding; and thereupon w theresfter at the option of said MORTr `iEE, without nor;ce or demand, suit at law or in equity, therefwe or thereafter beg~~, may be prasecuted as if a!1 moneys secured hereby had maWreo ~.nor fo rts inslit~tion. 7. That in tMe event that at the beginning of or it any time pending any wit upon this N6wtgsge, w ro fweclose it, or to rcfwm it, w to enfwte payment of any <la~ms hereunder, said MORTGAGEE shall apply to the CouA iwving jurisdiction the~eof for Ihe appoinimenr of ~ Rtceiver, svch Cour1 shaU forthwith appoint a receive? of said mwtgaged pioperfy a11 and singular, includ~ng all and singular the income, protits, iuues arxl rcvenues from whatever source de?ivtd, each and every of whith, it beinp expressly understood, is hereby mwtgaged as if spetifically se1 forth and destribed in the graroing and habendum clauses l+ereof, and such Receiver shalt have atl tiie b~oad snd effecr;ve funct~orts and powe.s in anyw~u eMrusted by a Cour1 to a Receiver, and such appointmeM shatl be made by s~ch Court as an admitted equity and a matter of absolute rght to said MORTGAGEE, and withoul reference to the adequscy w inadequacy of the value o( the property mortg~ged w to the solvency o~ insolvency of said NtORiGAGOR p the defendams, and that s~ch rems, prolits, income, iuves and revenues shall bs applied by such Receiver accwd~ng to the ~ien or equity of said MORTGAGfE and the practic.e of such Court. 8. To dufy, promptly and fully perform, discharge, execute, effect, complcte, compty with and abide by eath and ~every the st~pulations, agreeme~ri, canditions ~nd covenants in uid prortsissory nore and thes mortgage set forth. 9. That e~ the event ti~e ownership of the mortgsged premises, w any parf thereof, becomes vested in a perton othe? than the JNORTGAGQR, the MORTGAGEE, its tuccessws and auigns, msy, withovt notice to the MORTGAOR, deal with such successw w successw in inte~est with referente Io ti~ia mongage and the debt hereby secured i~ the same manner as with Mortgago~ wlfhout en any way vit;a~ing or d~xharging the Mwtgsgors' liability herr under w upon the debt hereby secured. No sale of tF+e premises hereby mor~gaged a~d no forbearance on the part oi the MORTGAGEE w its successon or assigrn and no exiension of the time fw the paymertt of the debt hereby secured given by the MORTGAGEE or its tucceuas a auigns, ahall operate to reJease, d~uharge, modify change or affect the orig;nal liability of the 1NORiGAGOR herein, eithcr in whole or in part. 10. It is specifically agreed that time ia of the esxnce of this contrad and thst no waiver of any obl;gafion F~ere~~der or of the obligstion se- cured ha~eby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. in addrtioa to the forego:ng mo~thly payments of princ'pa[ and interest required by the promissory rrore secured hereby, mortgagor covenants and agrees to pay !o mortgagee vvith each monthly payrnent an addirional sum est~mated by mortgagee to be equal to 1 12 of the annual tost of the follow- ing: A-All real propery taxes levied or assessed agai~st the above desaibed real estate. B-Premiums on fire and windsrorm insurance as hr~ein requ~red to be cari~ed on the improvements sitvate on the abave desuibed premises. G-Paemiums on such mwtoage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loa~ secured hereby. AF.ortgagee shall from timr to time rwtify mortgagor in writing of the amoun! due and payabk hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payrreent and each successive month thereafrer ur.til matgager shall nolify mortgagw of a cha~ge in such a~nount. Such sums shafi be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guara~ty insurance premiums. IN WfTNESS ~1IHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaed. ' ned. Sealed a deliv in the presence of: (Seaq Mic a ez r. Fo r n ~ - ~l.~c ce ~ - a~ Frat~ces P. I~bstez c~~) ~ STATE OF FLORIDA I couxn oF ~t. Lucie ~ } Before me penonally appeared Miehael Foster a~ ~ Franees P• ROStQZ _ his wife, to me well known and known to me to be ~ ti,e individuals desuibed in snd who executed the fwegoing instrument, and atkrwwtedged before me tha! they executed the same fw tFM ;IUrposes ' Fas ter = ~ i rherein expressed. And the said Rrariees P~ - ~ aiife of the said ~if:~ld6~. T• ~St@Z T`y ~ upon a sepa?'it~'ltAi~,~jr'wt~ = - ~ e,camination by me taken separate and apan from her said husband, ecknowledged to and befwe me that she exetuted said irutrwnem,~r~e~r ypd_~~ ' 3 tarily and w~thout any compulsion, co~straint, apprehension, or fesr of or f sband, ' WITNESS my hsnd and officisl scal this lstb d of Q 1q' . ~i ~ Natary Public in and or tlx State o# Plo~id - V.; ' My Commisiwr? expites: ' - . - ~ ~ . . ~ - Retum To: ~ ' ~ . . ' 3 _ - First federa) Savirr~a 3 loan Association --'1-'. ~ Of Fort P~erce. N'JiAAY PUB~iC, STATE ot FLORIDA ~t g fort Pierce. Florida ti'•Y ~~'•:.'.:iSSIOii C.*.='IRiS lAi~. 7. 19j~• . . c•:...: y% af~:Fr . . ~n..,~ ~ i~fa i This lnstrumenf Prepared By JOtu~ W. Co11iDS ~~LEO ANO REOORQEQ First Federal Savings 8~ Loan Association ST. `UCIE COIfNTY FIA. L' of Fort Pierce Rlorida R06EA P011'RAS ~ CIERK CIRCtitt CQURT ~ AE~~R~ v:RtiftED~ ' Checked B~ t0 04 !V ~~3 ~ ~j ZZ fY~ ~ aeox 215 1344 jz - 25'73'78 ~ z - . . ~ < _ . . _ i _ ~ , ~`*"r.:-?