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HomeMy WebLinkAbout2196 3. To place and continua,sly keep on ~he buitdings now a hcrcahe? ai~vats on sa~d lu~d and on alt equipmenh~and~tsonaNy covcred by thi~ mon¢ eg~, wilh al! qem;umf lhercon pa;d in (ull, (i~e insurance in Ihe usual standard polecy fam, in a ium approved by ths MORiGAGEE, and wind~torm ~~surante i~ ~M usuat srandard pol;cy tam, in a sum app~oved by eFa MORTGAGEE, in such company o~ companies at the MORiGAGEE m~y dP~ec~t and aIl fire and wi~ds~orm insurance poticies an any of said b~ild+~gs, ~ny interes? therein a p~~t thcreof, in tht aggrega~e ~um afwewid or in eacess ~hereof, shait co~tai~ ~he us~al uandard mongagee clau~ o~ such oiF?er dauss as Ihe Ma~gage~ may requ~rs, ma?i~+q ihe lo~s unde. sa~d pol~ cies, esch and eve~y, payabte to said MORTGAGEE as i?s inte~est msy appear, and escA u+d everyr svch policy shall be p~omptly ass gned and del~vered ~o sny heW by asid MORSGAGEE as turther sccurity 1o tsid mort~age debt, and, eot leu than ?en (10) days in sdvance of the exp~~at~on of cach pol~cy, ~o de- livea to said MORTGAGEE a rerxwal the~cof, toyetlwr with a receipt tor tM premium of such renewal; arid there shall be no f~re or win:is~e~m insurance p~xed on any o! said bvitd~rgs, any interett thereir? a psr! thereof, u~leu in ihe form aod wi~h the lou p+yable as aloresaid; and in the eveM any tum . of mpe?ey becpmes payable undcr such policy or polities said MORTGAGEE ahall Mvs ~he opt~on lo receive and apply the same on account of the i~debted~ ness sec~red he~eby or lo permit said MORTGAGORS to receive and uss it w any pa.t the~eof !o. o:ner purposes, v.:eb~~t ih~~. ui wa~~~,~g or unpair- ~~g any equity, lien o? right v~der or by virtue of this mort~age; and in the event sa~d MORTGAGORS shall for any raason fail to kcep the said p?emises so insurrd, w(ail to delive~ premptly any of isid policies of insur~nce to said MORTGAGEE, or fail promptly to pay fu,fy any {xemium the~efor w in a~y respect Fai! to perform, discharge, aXKUf4. e!lec~, complete, compty wiih and abide by this covenant, a any part he~eof, said MGRTGAGEE may puce and pay fw such insurancs or any part thercof without waiving ~ affec~ing any op~ion, lieo, eqv~ty, or rigAt under or by virtue of ~his Morlgage, and the • full amount of each and every such payment shall be immediatety due and payable and shal! bear interest from ihe date ~hereof until paid at the rate ot - nine per centum per annum and to~ether with such interest shali be secured by the lie~ oi this mwtgage. . To permit, commit a suffe~ no wasle, impairmeM or deterioration of said property w a~y part the~eof. S. To pay all and iiogular the costs, charges and expenses, including a ~easonable attwney's fee and wsts of abst~acts of title, iocuncd or pa~d at any time by uid MORTGAGfE, because a in ti+e event of the fa+lure on ehe part of the said MORTGAGOR to duly, promptly and fully pertwm, d~xharge, execute, effect, complete, comply with and ab~de by each and every the stipulaiions, agreemenh, conditions, aod covenants of said p~an;ssory ~ote a~d this mortgage any o~ ei~ha, and said costs, ch~rges and expe~ses, each and every, sMlt be immed~atety due and payable; whether a not nc~~e be ~o?;ce da marxl, af~empl to col:cct a~uit pending; and the full amount of each and every auch payment shall bear inte~est from the date thereof until p~id at the rate of nine per certtum per annum; and all said costs, charges and expensea incu~red or paid, together w~th svch intere~l, shall be secured by the (ien oi this mortgsge. b. That (e) in the event of ~ny breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of sa~d s~ma of money herein referred to be not promptly and Fulty paid within thirty (30) daya next after Ihe sarix sev~rally become due and payable, withovt demand or notite, or (c) in tht event each aod every the stipufations, agreements, condi~ions and covenanls of sa:d prom;ssory nate and th;s mortgage any o~ either are oof ~uly, promptly and fully performed, d~schs:ged, executed, effected, completed, compl~ed w~+h and ab~ded Sy, then in either o~ any such event the sa~d ag gregate sum menrioned in said promissory note then ~emaining unpaid, «ith interest accrved, and all moneys secured hereby, shatl become due and psy- ~ble fathwith, or thereatter, at the opi~on of sa~a MORTGAGEE, as fully and compleiely a~ i( all of the said sums of mo~ey were agin~lly it:pulated to be pa~d on such day, anything in sa:d prom~::ory note w in this Mortgage to the conirary nofwi~hstanding; and thereupon o~ ihereafter at ~he option of said MpRTGAGEE, witiwut notite or demand, suit at !aw or in equity, fherefwe or therealter begun, may be prosecuted as if ali moneyt secured hereby nad matured pnor to Us institution. . 7. That in the event that at the beginning of w a1 any time pending ~ny suit upon this Hbrtgage, or to fo?edou ir, w to refwm it, w to enforce payment of any ctaims he~cunder, said MOR~GAGEE shail appfy to the Gou~t having jurisd;ction thereot fw the appointment of • Receiver, such CouA sFwll forthwieh appoint a receiver of said mortgaged property ail and singular, includ~~g a11 and singut~r t}+e income, p~olits, issues and rsvenues from whatever so~rce derived, each and every of wh~ch, it be+ng expressly unders~ood, is hereby mor~gaged as ii speuficatfy set forrh and destrit~ed i~ tAe granti~g and habendum c:auses hereof, and such Receiver shall have all tF~e broad and effective tunct~ons and powers in anywise entr~sted by a Court to a Receiver, and s~.;ch appointment shatl be made by such Court ss an admitted eqvity and a matte~ of absolute nght to said MORTGAGEE, and without re(erence to the adequacy or inadequacy of the value of 1he property morfgaged or fo the so~vency w insolvency o~ said MORiGAGOR or ihe defendants, and that such renrs, profib, incort~e, issues and revenues shall be applied by such Receiver accord~n9 to the lien or equity oi sa~d MORIGAGEE and the practice of such Court. - 8. To dufy, promptly and fuliy perform, discharge, execute, effect, comptere, compty w~rh and abide by each and eve~y the stipulations, agreements, ccnditions and covenants in sa~d promisaory note and this mortgage set fo~th_ 9. That in the event the ownership of the mwtgaged ~ premises, w any part thereof, 6ecomes vested in a person otF~er than the MORTGAGOR, the h!.ORTGAGEE, its successors and assigns, may, without ~price to the MORTGAOR, deaf with such successor or succeszor in interest with relere~ce to thi~ T•o+tgage and the debt hereby secured in the same manner as with Mortgagor witFwut in any way vit;ating w d~uharging the Mortgagori liability FKrr ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successws or assigns and no exre~sion oi the time for fhe payment of she debt hereby secured given by the MORTGAGEE or its su~cessors or au~gns, ahall operate to release, discharge, modify change w affect the orginal liabil~ty of the MORiGAGOR herein, either in whole or in part. 10. It ~s specifically agrerd that tirne is of the esse~ce of this contract and that no waiver of any obl~gat~on hereunder w of the obligation sr cured hereby shatl at any time thereafttr be hetd to be a waiver of the terma hrreof o~ o( the instiument secured herby_ I1. !n addnio~ ro the forego:ru~ monrh!y paym_nts of princ'pal and interest required by the prom;sscry no!e secured hereb~, mortgagor covertaMs and agrees to pay to mortgagee with each mo~rh!y payment an add~s~onal sum esGmated by mortgagee to be equal to 1;'12 of the ann~al cost of the folbw- iny^: A-All rea! prape.ty taxrs levied or asse:ied against thc above described ieal estate. ~ B-Prem~ums on fire and wirtdstorm insurar.ce as here~n requ~r¢~ to be carried on the improvemeMS sit~ate on the above described premises. C-P~emiums on such mortgage guaranty ir.surar.ce as mo~tgagee ahatl fram ime to time deem fit to carry on the Ioan secured hereby. Mortgagee shall {rom time to time notify mortgagor in writing of the amount due and payabfe hereundar and such sum shali thereupon be due and ~ 3yable on the due dare of the next monthly payment and each successive momh thereafter ur.til mortgagee shall not~iy mortgagor of a change in such a•-~ount. $uch sums shalf be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mongage guaranty insurance premiums. IN VJITNESS WHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year firsi aforewid. ' Signed, Sealed and delivered in the presence of: • ~ an . ~ ~eC..~.~ ~ r p_ _ ~ „p a . ~ l~-ci~.. .~.<J~ d~01 S~ 11 i~s ~a~ ~Sean STATE OF FIORIDA ~ . St. i-uci~ u- couNTr oF ~ Before me personally appeared ~lli8~s G• W~113~~s ~ a~ C~~l S Wilii his wifc, to me well know~ and known to me to be the individuals described in and who executed the foregoing instrvr?Knt, ar?d acknowf ed before me that they executed the same for the pvrposes ' therei~ expressed. And the said CaZ01 S~~~il~~s Y.~?e of ehe sa~d willias G~ williaas u~ s separate and pr~~ate e.amination by me taken separate and apart from er said husband, atknowtedged to and befwe me that she ezecuted said instrument freely and volun- rarily and without any compu{san, corutrai~t, apprehension, or fear of or from her said husband. ~ WITNESS my~~~rd~srd,qfficial aeal this 25tb day of 'j~e A. D. 1973 l ~ [ ~ l~ _ _ - ~ ~ • Notary Pub)it in and fo he State of Florida at Large _ : ~~~"~l~o My Commisiwn exoirese First F~deraL Sav i. ~•Coan A$ocia_Tion oc :Of P~erte..~ Ndory hbie, staN ~1 florida uR l~r~ . For~~Pi~14eLc~1~l~aa r. Mr C~wwiniew Es~ihs OQ~ 90, 1~7~ s ~ ~ • ~ - iond~d bp /lw~Nicon Fw~ i Caawlh Co. r`. : ' • L , ' , ,I~~"` fILED AND RECOROEO This Instrument~~Prepared B~T• H. Roberts, JY. ST.IUCIE COUMIY FLA. ~ ~ First Federal Savin s& Loan Association g RuGF~ PG+TRAS of Fort Pierce s FloY~de? C1,ERK C1;GUIT COURT RECOR9 VER+FtfD~_. Checked By ~ ~ 'n 32 ~ $ r v - . ~ R 2~5 P~~E2~.92 ~s~s2o = BQQK ~ , ~ ~ _ _ _ri