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HomeMy WebLinkAbout2279 3. To place and continuously keep on 1he bu~'d~r,g~ now o~ hereafter s~t~ate on said ~and and on ali equ~p~~e~t and pe~so~atly coveied by this inor~q~ egs, with all premiums lhereon pa~d in full, Gre insurance in the usval staixlard po~rcy ~orm, in ~ sum appioved by the MORfGAGEE, and winJs~orm insurance in the usu~l ~tandard pol~cy form, in • sum approvcd by th~ MORTGAGEE, in tuch company or com~un~es ~s tM MORiGAGEE msy dired; and all fire and w~rtdstorm insuronce po~~c~et on any of said buitd~aqi, any interrst therei~ or part ~hereo(, in the aggrcgate w~n •foresald a In exceu ~hereol, shall contain the usual standard moupagee clause o~ such otha tlauss ~s Ihe Mo~tgagee may requ~re, makinq the loss under s~~d poli- cies, each •nd eve.y, payable Io said MORTGAGEE as ~ts lr.?erest may appear, and each and eve.y iuch poiicy shall be pranp~~Y •ss gned a~d detive~rd to any held by uid MORTGAGEE as furthe~ security to said mwtgage deb~, and, not !eu than ~e~ (10l days in advance of the exFir~tion oi tath policy, to da hver to said MORTGAGEE a renewal thereof, Iogethe? with a rece~pt fo~ the premium of such renewal; and ~here shall be oo f~re or wi~dsio~m insuronce placed on any of said buildings, ~ny interest there~n w pa~? ~hercof, u~less i~ the form and w~th the lou payatle as a(aesaid; and in the evenl any sum of money becomes payab:e undcv such poticy or po~icies said MORTGAGEE shall have the option lo receive and apply the sarne o~ accou~~t ol the inJabted- ness secwed hereby o? ro permit said MORTt'aAGORS lo receive and uu it a any part the:eof for othc~ purFOSes, c.~~hou~ ~h~~.o~ .va.+~:~g u~ +~t:p~~r- ing any eqv~ty, I~en a right under w by virtus of this mortgage; and i~ the event sa~d MORTGAGORS shall fw any ~eason fail to keep ?he aaid p~emisr~ so in~ured, w fail to deliver promplly any of said pol~cies of inauronce to satd MORTGAGEE, w fail ~romptly to psy fu~ly any pre~n~~m the~efw a in any ~espect Iail to perform, d~scharge, execute, effect, comptete, comply wi~h and ab~de by this covenant, a any part hereof, sa~d MORTGAGEE may piace a~~d pay fa such insuran:e w any parl thereof w~thout waiving or aifetling any option, lien, equity, or r~ght under w by virtue o1 this Mortgaye, and Iht full amouM of each and eve~y such payment shall be ~mmediatety due and payable and ahall bear interes~ From ~Fa date thereof until paid at the rate ol ' mne per centum pe~ annu~n and to~rther with such inteiest shaN tx securcd by the lien of thif mOttgsge. ~ t. To permit, commil or suffer no waste, impalrmcnt or deteriorat~on of sa~d p~operty or any part thereof- S. To pay all and sing~lar the costs, charges and expenses, ~ncluding a reasonable attorney's fee a~d costs of abstracts of tttle, incurred o~ pa~d at any Iime by sa~d MORTGAGEE, because w in the event of the fa~lure on ~Fu part of the said MORTGAGOR to du~y, promptly and fvlly periorm, d~scha~ge. execure, e(fect, complete, comply with and ab:de by each and every the stipvlanons, agraements, cond~tions, and cove~:ants of said p.omissory note a~d this mortgage any or e~?her, and sa~d cosn, charges and eapenses, each and every, ~hall be immediately due a~d payable; whe~her o~ not rhere be not~ce dr mand, attempt to colletl w suit pend~ny; and ~he full amount of each and e~ery such payment shall bear inreres~ from the date thereof until paid st the rare o~ nine per centum per amwm; and all said costs, chargea and expenses incurred a paid, together w~th such interast, ihall be secured by the lien of thi~ moregage. 6_ Thst (a) in ~he event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the event a~y of satd sums of money herein reterred to be not prwnptly and tully Faid wi~hin thirty (3a) days neat after the same severally become due and payable, without demand or notice, or (c) in the event each and e~ery the stiputations, agreeme~ts, conditions and covenants o1 sa.d promissory note and th~s mortgage any or e~ther are not ~uty, promptly and fvtly perfwmed, d~scharged, executzd, effeded, completed, compGed with and ab;ded by, then io e>>her w any such eveot ~he said ag ~~egate s~m mentio~ed in said promisswy ~ote then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- abir fo~thwith, or thereafter, at the option of said MORTGAGEE, as (ully and comp~etely as il all of the said sums of money were a~ginally stipulated ~o be pa~d on such day, anyihing in sa:d prom~sswy note or in this Mortgage to the contra~y notwi~hstanding; and thereupon w thereafte~ st the op~~on of s~id MORTGAGEE, w~thout rtotice o~ demand, suit at 1aw or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr~or to ~ts institution. 7. That in the event that at the beginnt~g of w at any time pending any suit upon +his Mortgage, o~ to fo~eclose it, or to re(wm it, or to enforce payment of any daims he~eunder, said MORTGAGEE shall apply to the Court having jurisd;ct:on thereof for the appo~ntment of a Receiver, such Cou?t shail Forfhwi!h appoint a receiver of said mortgaged p~operty all and singulai, includ~ng all and singu~ar the income, prof~ts, issves and revenues t~om whatever sou~ce der:ved, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speufically set fw~h and described in the grant~ng a~d habendum cla~ses hereof, and such Receiver shall have all the broad and effective func~~ons and powers in anyw~se entruated by a Court to a Receiver, and s_:h appointment shall be made by such Cour1 as an admitted equity and a maner o( absolute right to said MORTGAGEE, and without reference to the adequacy o+ inadequaty of the valve oi the property mwtgaged or to the so:vency or insolvency o( said MORTGAGOR a the delendants, and ~hat such re~rs, pro(its, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such Court. - 8. To duty, promptty and fully perform, discharge, ezecute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mongage se? forth. 9. That in the event !he ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successo~s and ass~gns, rnay, wi~hou~ no~ice ro the MORTGAOk, deal w~th s~ch successw a successor in interest with reference to this mo+~gage and the debt hereby secured in the same manner as with Morrgagor wiihout in any way vit~ating or d~uharging the Mortqagors' liability herr under or upon she debt hereby secured. No sale oi !he premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors or assgns and no extension of the time fo+ the. payme~~ of the debt f~ereby secu?ed given by the MORTGAGEE or it~ successors or auigns, ahall operate ro releax, d~scharge, modify change or affcct the wig~nal- I~ab~lity of the MORTGAGOR herein, either in whole or in psrt. , 10. It is specifically agreed that time is of the essence of this 'contract and that no waiver of any obligation hereundet or of tF~e obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of thg instrument setured herby. 11. 1~ add:tio~ ro the forego'ng monfhty paymenfs of princ pal and interest required by the prom:ssory nore secured hereby, mortgagor covenants and agrees to pay to mo-tgagee with each mon+h!y pay~.~ent an add~~ional sum est~mated by mortgagee to be eq~al to 1; 12 of the annual cost of 1he fcllow- n9• ~ A-All real property taxes levied or asiessed agai~st the abnve dewibed real estate_ B-Prem~ums on fire and wir.dstorm insurar.ce as herei~ requ~red to be carried on the imp~oveme~ts sit~ate on the above described premises. ' C-Premiums on such mortgage guaranty insurar~ce as mortgagee sha;l from t~me to time deem fit to w:ry on the loan setured hereby. Mortgagee shail from t~me to time notiiy mortgagor in writiag of the amount due and payable hereundrr and such sum shall thereupon be due and ~I ;,_a•,able on the due date of the ne:t momhty payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such ~ ~*:ount. Such sums sNail be appiied by morrgagee toward the payment of real properiy taxes, ins~rance prem.ums, and mwtgage guaraMy insurance ; p~emiums. y IN Y~ITNESS WNEREOF, the said MORiGAGOR has hereunto set h~s hand and seal the day and year first a4oresaid. ~ Signed, Seafed and delivered in the p~esence of: ~~6~~ (Sea() ~ 1!8 g• B~1 (Sesl) ~ ~ SLd~I ($eal) ~ ' ~C.- tt ' ~OZ~d D• Ball (Seaq ~ ~ STATE OF fLORIDA ~ ' M St. Lucie ~ ~OUNTY OF ~ Befwe me personally appeared ~1a=1@a g• ~~1 a^d ~ Gloria D. B~1 his wife, to me well known and known to me to be .he individuals deuribed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes rhe~ein expressed. And the said _ G10=ia ~11 ~`=:'~~r. ,riife of the sa~d C~rZes S. B~1 ~ p~ •~atF+~~~~° exam~nat~on by me taice~ separate and apart from her said husband, acknowledged to and befwe me that she exetvte8 s~id.,ir~~S~~}~~u ~~f~,A~vOlun- ~ • rarily and w~thout any compulsion, constraint, appreh or fr id husband. `~~~\~,r ~ 3R, ~ Y1ITNESS my hand arxl official seal this - da of J~ - # vu~~~~%~-~- u ,/~t/y' •r~' l ~ ~ , - e. 1 Notary Public in and fw ti~ S[a~~p ~~~eL~~ ' - My Commission e:pires: = ti_ - _ . { r . =z Retum To: , : _ C~ _ First Federal Savi~gs b loan Associat~on ~ D_ - Of Fort P:erce. J~;'!: y~ ~ r . ••S ;~,t = Fort Pierce, F!o•ida ~ . . . .._'alli ^ i%1 r^' ~ ~ ~ This Instrument Prepared By J• H• Robertss JY• ~ First Federal Savings & Loan Association fiLED ~M~ 8£Q4~~ ~ S7,LUC1E COUMTY fl~- ~f. o-,,; , of Fort Pierce~ Fl0l3d8 ROCER P3;TM~ y" Cif.RK C~PCUIT COURT ~ , RECORD YE°.~c~EO ~ Checked By ` i ~ 11 2 34 PM 73 - ~ ~ eooK 215 FaCE 2275 ~~6"~8 i~; ^ ~ [3 ~ a~. ~ _ _ ~ ~K' f~ .:~.-f~ ~ .~"iz.~- K. " . ' "`.'~s'y ~~e_, . l4`~"a~,h• ~Fr~` d ' z- ~ ~s - r~~"~ . ~4.,_7'~ > . . .