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HomeMy WebLinkAbout1849 3. To place and tontin~ously keep on the buiidings now or hereai~e~ ~ituats on sa:d I~nd end on all equipment and perio~aily cove~ed by thif marep- afle, with all premi~ms t1~~eon pa~d in (u~l, ti~e insurancs in the usual standard pol~cy form, in a tum spproved by ~he MORTGAGEE, and winds~orm inswance in tM usual t~andard pol~ty form, in •~um app~o~ed Dy ~h~ MORTGAGEE, in ~uch canpany w compan~es tM MORTGAGEE may direct; ~nd all iire and windiiorm iniurarxe poliues on ~ny of ia~d build~ngi, any iota~it therein or part thereof, in ~hs +gyreya~e ium ~fwesaid a in exceu rhereol, shall con~ain the usual s~anda~d matga9ee cl~uss w such otha clauu ai ~M Mo~~pagee may requ~re, makirp ~he lou unde~ ~a~d po1H ciet, each ~nd ~very, payabte to iaid MORTGAGEE at its in~erest may apQear, snd each and tvery such policy ahatl be p~ompi~y esa.g'xd end dulivered ~o •ny heW by said MORTGAGEE ~s (urthe~ security ro said matgage debt, and, not Isss tMn ten (10) dayi in advance ol the expir~fion ol e~ch policy, to d~- ~~~N to uid MORiGAGfE a renowel ther~of, to~e~het wilh • rKeipt fo~ Ihe p~emium of such renewal; a~d there shall be no fira or windstam ins~~~nt~ pl~ced on ~ny of said bvild~nys, ~ny interest therein or p~+l thereof, unteu in ths iorm and with eM lou payable as afaesaid; and in the ev~nt any •um of rtaney becomes payable urtder such policy a pol~cies said MORTGAGEE shall have ~M option ~o receive and apply the sama on sccouro o1 the indebted~ neu secu.ed hareby a ro permh said MORTGAGORS ro ~eteive and uss it p any part lhereof for othcr purposea, w~tho~t th:rcu~ waiwing o? ~n+pair- ~r+g any equity, tie~ or right under w by virtue ot thi~ mo:tflage; snd in th~ evenl said MORTGAGORS thall fo? any reason fail to keep ths ssid p~emites w• insurttJ, d fail to deliver promplly a~y of said policies ol insuranc~ to said IMORTGAGEE, w fail promptly to pay lully a~y pre~nium therefor o? in any respect fail ro pNfwm. diuharge, exacute, eff~cl, complete, comply wirh and abide by th;~ covena~t, w any per~ hereoi, said MORTGAGEE may place and . pay iw such inaurance or any part thereof without waiving or ~ifet?inp u~y option, lien, equily, o? right unde~ a by virtue of Ihis Mwtgaye, and the full amount of each ~nd ev~ry such paymem sMll be immediately dw ~nd payable ~nd shall bear interest irom the date thereof unti! paid st fM rate ol nine per ce~tum per annum arx! togerher with such interast shall be sec~red by ths lien of this mwtga9a. To permll, commit a sufter no wa~te, impairme~t a deterroration of said property w any psrt thereof. 5. Yo p~y all and singula~ ths costs, charges and expenses, including a re+sa+able attwnev i fee a~+d cos~s of sbitracts of titie, incurred w paid st any time by said MORTGAGEE, because or in the event of ~he failure on the part of the ssid MORTGAGOR to du~y, prompqy and fully perform, d~tchs~ge. execute, ef/ect, comptete, ccmply wifh and eb~de by each and evcry the stip~rlatiwu, ~gree~~ents, cond~tiwu, and covenaon of said promissory note a~d thi~ morrya~e any or ei~her, and said costs, cF?arges and axpenses, each and every, ~hs~l ba immediately dve and psyable; whether or ~ot thero be notice d~ mar?d. ~ttempt to cotkct or suit pe~denp; and rhe fuN amou~t of each end every such p~ymenl shall bear interesl irom Ihe date thereoi uNil paid ~I Ihe rate o! nine per cemum pe~ annum; and all said costs, charges and expensea incurred or paid, together w~th such intcrest, shall be tecured by the lien of thi~ mortpays. b. Th~t (a) in the event of any b?e~ch oI this Mortgage w defautt on ihe part of the MORTGAGOR, or (b) in the event ~ny of sacd svms of mo~ey herein re(erred to be not promptly and fully paid within th~rty (30) days next aiter the same severatly become dve and payabte, without demand or notice, er (c) in the event each and every the stipulations, agreements, conditions snd covenanti of sa;d promissory note and th~s morlgage any a e~ther are nol ~uty, promptFy and fully pertamed, dncharged, execWed, effected, compkte~, compl~ed with and abided tiy, then in eitF.er w any such event ths said ag gregate sum mentioned in said promiuory note then remaining unpaid, wilh interest accrued, and a11 moneys secured hereby, ihall become due and pay~ ahle fwthwith, or thereafter, at the option of said MORTGAGEE, at fully and complefely as if all of the said sums of money were origi~ally sllpulatcd ro be paid on such day, a~ything in said prom~sswy note or in this Mortgage to the con~rary nofwithstanding; and the~eupon a thereafter at the option of said MORTGAGEE, wiihout notice or demand, suit at tsw w in equity, therefore or thcreafter begun, may be p?os~tuted as ii all moneys secured hereby had matured pnw to us institution. 7. That in tha event that at the beginning of w at any time pending any suit upo~ th~s Nbrtgage, w to fpKIOSQ it, or to reform it, or to enforce payment of ~ny tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdict~on thereof fw the appointmene of a Receiver, such Cour1 shall Fe~rhwith appoint a rece+~ei of uid morfgaged property all and iingular, includ~ng all and singv~ar ~he income, prof~ts, issues and revenues f~om whatever scurce derived, each and every of which, it beinp expressly u.Kierstood, is hereby mongaged as if. spec~fically ut fath and described in the granting and habendum clavaes hereof, arx/ such Receiver shall have all the Moad and effecrive funct;ons and powers in anywise entruared by a Court to a R~ceiver, and cuch appointment ahall be made by svch Cou~t as an admincd equity aod a maner of absolute rig~ht to said MORTGAGEE, and withouf ro(erence ro the adequacy w i~sdequacy of the value of the p~operty mortgaged or to the soivency or ;nsolvency of said MORTGAGOR p the defendants, and thaf s~ch renrs, profits,. income, iuves and revenuss shail be applied by such Receiver accord~ng to the lien or eqvify of said MORIGAGEE and the practice of such Court. - @- To duly, promptly snd fully perform, diuharge, execute, efied, mmplete, comply w~~h and abide by each snd every ths stipulations, agrcements, . :onditions and covenants ~n w+d promissay note and fh~s mortgsgr set fath. ' 9. Ihat in tbe event the ownership of the mortgaged premises, w any part thereof, becomes vested in a peison other thsn the MORTGAGOR, the h!ORTGAGfE, its successo~s and ass~gns, may, without ~otice to the MORTGAOR, deal with such successor a successor in interest with reference to this mortgage and the debt hereby setured in the same manner as w+rh Mostgago+ w~thour in any way vitiating a diuharging the Mortgagors' lisbility herr ~nder or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part of the MORTGAGEE or its sutcesson or assgns and no extension of the time for tM payment of the debt hereby secured given by the MORTGAGEf o~ its successors or ass;gns, ahall operate to ~eleau, d;scharge, mod~fy change or affect the orig~naf Iiab~I~ty of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is ot the esu~ce of this contract and that no waiver of any obligation hereunder ot of the obligstion st cured hereby aha!1 at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured he~by. 11. In add~tio~ to the iorego:ng month~y paymenrs of princ"pai and interest required by the p?om:ssory nore secured hereby, mortgagor tovenants and agrees ro pay to mortgagee with eath monthly paymem an addnional sum estimated by mortgagee to be equat to 1/ 12 of the an~ual tost of the follow- ing: - A-AI~ ~eat property faxes levied or assesscd ag3i~st_the above described real estate. 8-Premiums on iire and windsrorm insurarce az here~n requ;red to be canied on the improvements situate on the above described premises. ~ C-Piemiums on such mortgage guaranty insurance as mortgagee shall from fine to time deem fit to tarry oo thr loan secured hereby. Mortgagee shall frcm time to time notify morlgagor in writing of the amounl due and payable fierevnde+ and such sum s!~all thereupon be due and Fayable on the due date of the ne:t monthty payment and each successive month the~eatrer ur.tit mortgagee shall notify mortgagor of a change in such a^-:ount. Such sums shall be applEed by mortgagee toward the payment of real property taxes, insurance prem;ums, and mwtgage guaranty insurance ` premiums. ~ fN Y~(TNESS WHEREOf, the said MORTGAGQQ has hereunto set his hand and scal the day and year first a(oresaid. ' ~ Signed, Sealed nd del red in the resence of: , ; ~ ; ' ~ ~ ~ n a f _ i v, a Y ~ . aq , ~ Sesn ~ ~ ' C20tild! F. 'Ta 1 a~ ~ ~ STATE OF FLORIDA ~ ~ {o~NTM ~ St. Lacie ~ € Befwe me personally appea~ed _1..lOyd Ta]/lOZ a~ ~ Clotilde F 'rsyl0r his wife, to me well known and known to me to be rhe individwts desuibed in and who executed the fwegoing instrument, and acknowledged before me that they executed the sart?e for the Furposes ` therein exp?esxd. And the said Cloti2de F. Tayloz _ ~ : w~fe of the said _ LInVd TdYZOZ upon a xpsrets aRd {~i~v~+e ' e~am;nat:on by me taken separate and apart from her taid hu:band, scknowledged to and before me that she executed said instrvment fr~e~l ,aRd *ro~~ x rarily and without any compulsio~, constraiM, apprehension, or fear of ot f~om her uid husband, . _ ~ RAe WITNESS my Fwnd and official seal thi: .~J~t'lC day o ~ { _ _ . %h~..l ' _ / ~ ' - ' Nofary Pubiic in e~d (us the afe of at ~pe'~ ' ' % My Commissio~ ekpires: ' ' - ~ ~ _ Return To: t.% ~Y ~='V. ~ZAf~of~((}R ~~q~ ~ fint Federal Savings 3 Loan Associat~on ~~~L~~~ ~~~.IRES D~~_~-` ~ Of Fort P~erce. $"~~r~~~urs~~ 4~,.~ ~ z Fort Pierce. Fio~ida __..••.~t~` . r ~ ~ fILED 11N0 RECpROE~ ~ :T. WC1E C4UMTY FIA. . ~ : ` ~ ~ ROCER POITR~t ~,2 _ Z 9. 75 _ This Instrument Prepared By Jpfi1 W. Collins RECORO YERI~FIED COUA~ First Federal Savings & Loan Association ~ of Fort Pierce ~ Florida ~ 11 'Q 04 ~'T3 ; ' ~ ehecked 8y 25'73'~9 ~ 5 t ; ao~K 2~5 ~A~~ i846 ~ , ~ ~ . . . ..i ~ +~-st'__...