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HomeMy WebLinkAbout2275 To plece and continuously keap on the bui!dings now a hereaffer ~ituate on satd tand and on all equ~pment and personally covered by this mort¢ egs, with all premiums ~hereon pa~d in full, fire insurance in rhe usuai standerd polity form, i~ a sum approved by ~he MORIGAGEE, and winds~orm infur~nce in the utual s~andard pol~q io~m, in a sum approved by the MORTGAGEE, in such tompany or companies as the MORiGAGEE may d~retl; and all fire and w:nd~torm insuronce poliues on any of ia~d build~rgs, any inlerest ~i~erein or part thrreoi, in ~he aqgregare sum aforesaid a excess ~hereof, ahsG contain the us~al standard matgagee clause w such othe~ dause at Ihe Mor~ysge~ may rcqu~rs, mahing the los~ urxlc~ sa~d pol~ cies, each snd every, payable to sa~d MORTGAGEE ai iy inlerett may appear, and each and every ivch pol~cy shall be promptty ~ss gncd and de:ivrred to any held by said MORiGAGEf ~s furrher security to said matgage deht, a~d, rrot le» than ten (10) days in advance of the expi~atim of each pol~cy, to d~- liver to wid MORiGAGEE a ~enewal thereof, toflether with a rec~ipt fw the premium of tuth renewal; and Ihere shall be no i~~e o~ windstorm inturaot~ p~ated on any of said build~ngs, any intercit therein or parl fhereo(, unless in the form ~nd with Ihe io» payable at a(aesaid; and in the erent any ium oi menQy becomes p~yable under s~th policy a polKies said MORTGAGEE shall have ~he opt:on to receive and apply the ssme on atcoum of the indebted~ ness secured he~eby w to pe~mi! said MORiGAGORS ro receive and use it w any parl thereof lor othrr pu~poses, w~iho~t ~h_rtu~ wai~in3 0~ ~n,pan- iny +ny equity, lien w right under w by virtus of thii mo:tgage; and 'en the evcnt sald MORTGAGORS shall for any reason fail to keep the s~id premises so insured, w faii W delivcr pranptly any of said pol~cies of insurance to sa~d MORIGAGEE, w fa~l promptly to pay fu{ly any pre~n~um therEfa o~ in a~y respect fail to pe~fwm, d~scharge, execute, e(fetl, complete, comply wilh aod abide by lhii covenanf, w any part hereof, sard MOR7GAGEE may p~acr and pay fp suth in~urance w any part thereof without waiving or afFectinp ~ny opNon, tien, equity, or right under u by vi.rue oF ~his Mortga9e, and tht f~ll amount oi each u+d every such paymenl shatl be immediately due and payabls and shall bea~ intereat f~om the date thereof uneil pa~d a~ titie rate o~ nine pe~ tentum per annum and to~ethe~ with ~uch inter~yt shall be secured by !he litn of this mortgage. To peimi~, commit w sufter no waste, impairment w deterioration of said property w sny part thereof. 5. To pay all and singula? the costs, cha~ges and eapenses, including a reaso~able attaney's fee a~d cos~s of abs~rads of title, incurred o? paid at any time by uid MORIGAGfE, because or in the event of tM failure o~ the part of the said MORTGAGOR to duty, promptly and futly perform, d~scharqe. execute, etlect, tomplete, comply wifh and abide by enth and every the stipvlations, sgreements, to~ditions, and covenants oF sa~d promiawry note and thii rorrgage any w e~~her, and said costs, cMrges and expertus, each and every, ihall be immrd~ately dve and payable; whe~her a not +here be ~otice dr mand, attempl to coltKt pr suit pe~d~ng; and tha futt artaunt of each snd every such paymen~ shall bea. intere:~ from ~he date thereof until paid at the r 1te oi nine per centum pe~ an~~u:n; and all said costs, c~iarges ard exprnses incurred or paid, together w~th such interest, shall be secured by the lien of thi~ mottgage. 6. That (a) in the event of any Fxeach of this Mwtgsge w default on the part of the MORTGAGOR, or (b) in ?he evenl any of said sums of money F.erein referred to be not promptly a~d fully paid within thirty (30) days neat'after ~he same sevcrally become due and payabte, witho~t demand w no~ico, or (c) ;n the event each arsd every the :tipulations, agre~me~n, cond~tions and covenants of sa.d promiswry note a~~d th~s mortgage any or e~ther are not ~uly, prompt:y and (ufly perfo~med, d;uhar~ed, executed, effccfcd, completed, complied w~~h and abided Sy, then in e~ther o~ any such event the sa~d ag- gregste s~m mentioaed in said p~omissory note then remainirig unpaid, with inte~est accrued, and all moneys tecured hereby, shalt become due and pay- ebte forthwith, or thereafte?, at Ihe option o1 said MORiGAGff, as fully and complerely as if a!I of ?he aaid sums oi money were originaily stipulated ro be pa;d on such day, anything in sa,d promisswy note w in this AAo?tgage to the contrary notwi~hsraRd~ng; and thereupon or ~hereafter at the opf~on of sa~d MORTGAGEE, without not~ce w demand, suit at law w in equity, therefore or thereaf?er begun, may be prosecuted as if a31 moneys secured hereby n,d matwed pt+w to ~ts insfirWion. 7. That in tFx event that at the beginn~ng of w at any time pendi~g any su~t upon this Mortgage, or to forectox it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGfE sha~l apply to the Court having ju~isd~ctio~ thereof for the appointment af a Reteiver, suth Court shail forthwirh appoint a receive~ of said mo~tgaged property all and singular, includ~ng all and singula~ the income, profi~ts, issues and revenves from whatever ~ seurce derived, each and every of which, it being expressly unde~s~ood, is hereby morrgaged as if ~pec~ficatly set iw~h artd dexribed in the granring a~d habendum clauxs Fureof, and such Receiver ihali have atl the broad and effecrive funct~ons and powers in anywise ent~usted by a Cou~t to a Receiver, and s_ch appointment shall be made by svch Court as an admitted equity and a rt+aner oi absolute right to said MORiGAGEE, and without ?eference to the adequacy w i~adequacy of the vatue of the property mwtgaged or to the aotvency or insolvency of sa~d MORiGAGOR w the defendants, and that such renrs, profits, income, iuves and revenves shall be spplied by such Receiver according to the lien ot equity of said MORTGAGEE and the practice of such ~ Court. ' 8. To dufy, promptty and fully perfo~m, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, ~ conditans and covenanrs in sa~d promiaswy rtota and this mortgage set fw1h. 9. That in the e.rnt the ownenhip of tfie mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ! ,ti•.OR7GAGEE, its succes:o.s end assFgns, may, wirhou~ notice to the MORTGAOR, deat with such successor or successor ~n imerest wi~h reference'to ~h~s n'o~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or dixharging the Mortgagors' liabitity F~rr ~~oer or upon the debt hereby secured. No sale of the premixs he~eby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcessws or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or i~s successors or ass~gns, ai~all o~erate ~o release, discharge, modify change or affect the wig~nal liabil~ty of the h10RTGAGOR herein, either in whole or in pa~t. 10. It is speufically agreed that time is of the essence of this contract and thaf no waivcr of any obligation hereunder or ot the obligstwn se- cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby_ 11_ 1n add:tiaa to the forego:ng moMhly paym~~ts of princ pal and inrerest required by the prom:ssory nare secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each month~y payrnem an add~rional sum es~~mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~~~3: A-All .eat property taxes levied or assesscd agai~st the above described real esrare_ B-Premiums on fire and windsrorm insurar.ce as herein requ:red to be carried on fhe improveme~ts s;tuate on the above described premises. C-Premiums on suth mortgage guaranty insu~a.~ce as mwtgagee shall from t;me to time deem fit to carry on the ban sec~red hereby. Mo~tgagee sha!I f~am fime to time no~ify mortgagor in wr;t~ng of tlie amount due and payable hereunder and such sum shail thereupon be due and F=yab~e on the d~e ciat~ of ?he next monthly payment a~d each successive month thereafter ur,til mortgaqee shaN notify mortgagor oi a change in such a^~ount. Such sums sFail be applied by mortgagee toward the payment of real property taaes, insurance prem;ums, and mwtgage guarenty insurance e~Cmiums. IN WITNESS NHEREOf, the said MORTGAGOR has hereunto set i~ts hand and seal the day and year irsl aforesaid. , Sealed and delivcred in the presence of: _ • ' 3 Sean = ~ e ~fil~ ~$!an i LI1C lle /~.1PA (Seat) ~Seal) SiA~E OF FLORIDA ~ ~ cous~nr oF St. Lucie # Before me personally appeared nrbie w. ~lgt1 and ~ L'~iCiil~ ~i@A his wife, to me well known and known to me to be rhe indrviduais desuibed in and who executed the foregoing instrument, arxi xkrawledged before me that they executed the same fw the purposes ~herein e:pressed. And the said ~.11C~1~ ~l.et7 +V~fe of the wid ~b e w• 1l~f upon a separafe a~d privare exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeM freely and voluo- rar~ly and wlthout anY,p~~puiaiqn, consiraint, apprehens;on, w fear of w irom her said husband. • WITNESS ~x~l~hqn~ arid.offkiAl'Seal'this +2L ~ day of `~~s A. D. 19 73 . , ~ ~ A~~• Notary PubGc i`n~and fo State of Florida at larg . ~ e ' ' ~ r - ~ _ ~ My Gommission e~cpires: : Re `rTq;' _ r' . : fir:t Fedi~ral ~xin~s a loaq ~sspcja~~~ ' . . oR F6?rj j~gr'te. ` • NMory ~rbCc. Std~ d flerida N leer ~orb~ehe~~ Flor~da = Mr C~:aw.s i,y~ns pa. 3q, ~at i., ~ y~ y~~ ~o~d.d br A~•rcco~+ F~ i Coivolfq Ca .,i This Instrume~t Prepared By J. H. . Robe7cts ~ J]~. ' fIlEO ANG R~CORDEO First Federa) Savings 8~ Loan Association ST.IUCIE CQIlMT1t FLA. of Fort Pierce ~ FIOZ~da ROCER ?J~TfiAS ~ CLERK C~1!CU~T COURT ~ Checked By ~ ' RECOF.~ YE~ =~£J ~ ,~t~i 11 Z 34 PM'?3 ~ ~ ~ 8~215 ~2271 - zs~s~s ~ ~ - - _ _ - . , - - - ` ~ i ~ ~ ~ ~ , ~ .