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HomeMy WebLinkAbout2325 3. To place and coniinuoualy keep a+ tlx bui!d~ngs now a he+eatter ~ituats on said land ar+d on equipinant snd pe~sona~ly tovcred by this mo~tq~ age, wi~h all prem~umi thercon pa d in iutl, (ire insura~ce in the usual s~andard policy torm, i~ a sum app~o+ed by the hIORiGAGEE, a~d w~nds~oim ~nsuranct in the ususl iundard pol~cy fo~m, in a sum app~ovad by the MORTGAGEE, in ~uch company o~ canpa~~es st the MORiGAGEE may d~red; •nd all fire and w~ndstorm insursncs po~rcies or~ +~y of said buildmqs, any intere~~ therein or pa~t ~hereof, in ~M aggrcga~e s~m afaesaid w in exceu thereaf, thall co~tain the usual standard mortgagee clsuse w ~uch other claus~ as 1M Nbrtgagee may ~equ~r~, maMirg ~he Io~s u:+dr~ sa~d polf ues, e~ch and every, payable to said MORTGAGEE as ih in~ere~t may appear, and each and every such poi~cy ~hatl be promptlY ass g~ed end de+ivered ~o •ny held by said MORTGAGEE as furthe? tecurity to u~d mwtflage deb~, and, no~ leu ~han ten (10) days in advance o( the exp~~ation ol each pol~ty. ~o da liver to said MORTGAGEE a renewal tFxreof, IogethK with a rece]pt for ~he prem~um o) sucA renewal; and there shall be rw f;re or winds~o~m ins~rance ptaced on +ny of said buildi~gs, any interest tM~ein a parl Ihe~eof, unless in ~he form and wiih tl~e loss payable as aiaess~d; a~d in the event any sum of money becomes payable under such polity w po~~cies ~sid MORTGAGEE shall have the opt~on to rKd~ve and apply the same on accoum o( the indrbted- ness secured hereby or ro pe~mit sa~d MORTGAGORS to ?Keive and uts il o~ any pa~t therco! for otnrr purposes, .•.~~ho„t th~~.u~ waw~.~~ ~r ~~~~pn~~- iny any equity, Uen w rgh~ under w by virtue of thi~ mo: sgage; ~nd i~ the event said MORTGAGORS shall tw any reason tail to keep tF+e said premisri w insu?ed, or fail to delwer promptly any of said policies of insurence to sa~d MORTGAGEE, or fail p~ompt?y Io pay fully any pre~n~~m theretw M in a~y resped fail to perFwm, d~stharge, execute, effect, complete, comply with and abide by thif covenaN, a any part hereoi, sa~d MGRTGAGEE may p~ace a~~d pay fa iuch insurance or any part thereof wishout waivi~g or if(ectirq any option. Iien, equ~ty, or r:ght u~de~ a by vlrtue o} this Mortgape, and the full amou~l of esch and every such paymeM shall be immediately due ~nd p+yeble and shall bear interes~ irom the date thereof un~il pa~d at ths rate ol n~ne per centum per annum and to~ether w~th such iotcrest shaU be securcd by the lien oi this mortgage. 1. To permit, tommit ot su(fer no waste, impairment w deterioration of said propcrty w any part thereof. 5. To pay all and singular the costs, charges ~nd expenses, including a reasonable attwney i fee and costs of abstracts of title, incuned or pa~d at any time by said MORTGAGEE, because w in the event of the fa~lure on the part of the aaid MORTGAGOR to duly, promptly and fully µerform, d~uherge. execute, effed, comple~e, comply w~th and ab~de by each and every tF+e stipulatrons, sgreements, conditions, and covenants of sa~d promiswry note and th~s mortgage ar~y w e~tFur, and sa;d costs, chs~ges and expenses, e~ach and every, sMll be immed~ately due and payable; whethe? or not the~e be no~~ce de mand, attempt fo to~lect or iuit pending; and the tull amovnt of each and eve~y s~ch paymene shall boar intere~~ from ~he date thereof until paid at the rore oi ni~e per centum per an~~um; and a11 said costs, charges and expenses inturred w paid, toge~her w~th such i~terest, shall be setured by 1he Iie~ of thit mortgage. ' 6. That (a) in 1he event of any bresch of lhis Mwtgage o~ de~ault on the pa?t of the MORTGAGOR, or (b) in the eve^t +nY of. said sums of money herein refe~red to be not promptly and fully paid within thuty (30) days rxxt afler Ihe same severa~ly become d~e and payable, w~thout demand or notice, ; or (c) i~ the event each and every the stipulations, agreements, conditions and covenants of sa:d promiswry note and th~s mwtgage any .o~ either a~e not ~ , ~uly, promptly and fully performed, d~xharged, executed, effected, completed, compl~ed with and ab~ded Sy, then in either or any such event the uid ag ~regata sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secu~ed hereby, shsll become due e~d pay- ab!e forthwith, or thereafte~, at Ihe optioro of aaid MORTGAGEE, as f~lly and completely as ii all o( the wid sums of money were u~ginslly st~pulated to be paid on such day, anything in said prom~ssory note w in this Nlwtgage to the contrary notwiths~anding; and thereupon w thereafter a1 the opt~on of sa~d MORTGAGEE, without ~otrce o~ demand, suit at law a in eqvity, therefo:e w thereaiter begun, may be prosecuted as if sll moneys secured hereby nad matured prlw to ~ts institution. 7. That in the event that at the beginning of w at any time pending a~y suit upon this Mortgage, w to foreclose it, w to reform it, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jur~sdiction thereof (or the appointment of a Receiver, such Court shafl forthwith appoint a ~eteiver of said mortgaged propeAy all and singular, includ~ng all and sirigular the income, p~oiits, issues and revenues from whatever scurce derived, each and every of wh~ch, it being expressty understood, is hereby mongaged as if specifically set forlh and dexribed in the g~antiog and ~ habendum clauses hereof, and such Receiver shall have aIl the broad and efiecrive funct~ons and powera in anyw~se enuusted by a Court to a Receive?, a~d s~ch appointment shall be made by such Court as an admitted equity and a matter of a6solute right to uid MORTGAGEE, and without reierence to the adequacy o~ inadequacy of the vatue of the p:operty mortgaged or !o the soivency or insolvency oi sa~d MORTGAGOR o~ the defendants, and that such renrs, profits, incane, iuues and revenues shall be appiied by such Reteiver accord~ng to the lien w eqvity of said MORTGAGEE and the practice of such CouA. 8. To duly, Fromptly and fully perform, discharge, execute, effect, complete, comply w+th and ab'ede by each and eve~y the stipulations, agreements, :onditions and covenants in sa~d promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becomes vested in s person other than the MORTGAGOR, ihe MORTGAGEE, ita successors and assigns, may, w~thout noiice to the A10RTGAOR, deal with such successw or successor in interest with reference to thia morigage and the detrt hereby secured in the same manner as w~ih Mortgagor wi~hout in any way v~t~a~i~g or d~uharg~ng the /1lortgagors' Iiability here~ ~nder or upon the debt hereby secured. No sale of the premises h~reby mortgaged and no forbeara~te on the part of the MORTGAGEE w its succeswrs or assigns and no extension of the time for the payment of the debt hereby secu~ed given by the MORTGAGEE or its successors or assigns, ahall operate to retease, d,xharge, modi(y cfiange or affect the o+iginal liab,i;ty of the MORTGAGOR herein, either in whole w in part_ 10. It is specifically agreed that time is of the esser.ce of this contract and that no waiver of any ob~+gation hereunder or of the obligation st cvred hereby shall at any time thereafter be held to be a waiver of ?fie terms hereof w of the ins?rument secured herby. I1. In add~tion to the fwego:ng monthly paym~nts of p~inc'pal and interesr requ~red by the prom~ssory no!e secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each monthiy payr,ent an add~rional sum est~mated by morteagee to be equal ~0 1/ 12 of the annual cost of the follow- ~ng: A-Ail real property taaes levied or assessed against ~thc above destri5ed real estate. B-Premiums on fire and windstorm ins~ran:e as herein requ~red to be carried on the improveme~ts s~tuate on the above described premises. C-Premivms on such mortgage guaranty insurar~ce as mo~tgagee sF~all from t~me to time deem fif to carry on the toan secured hereby. 'i Mwtgagee shail from time to time notify mortgagor in writing of the amount due and payabte hereunder and such wm shail thereupon be due and G ;.jyable on the due daee of the next month!y payment and each successive month thereafter untii mortgagee shall notify mortgagor of a change in such i ~^;ount_ Such s~ms sha;l be appiied by mortgagee toward the paymem. of real property taxes, i~s~rance prem:ums, and mortgage guaraoty insurance p•emiums. ~ IN WITNE55 ':VHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year 'rst aforesaid. S' , Seated and delivered ' the presence of: ~ . . - ~ a~ ~ ~ sl) ~ / \ J • y ($!an ~ - ~r~a W~ Side~s (Sea4 ~ SiATE OF FLORIDA ~ • ~ Lucie u- CO~NTY OF St• ~ Before me perwr~lly appeared Charles L. Sidea and R OII w his wife, to me well known and krrown to me ~o be rhe indrviduals descri in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for the purposes therein expresxd. And~~the sai + „v~fe of the sai~~ @S i'• 5 s upon s separate and private ~ e~amination ~~rtic~ takertsepafa'ta, apart from her said husband, atkrawledged to and before me tha4 she executed said instrument freely and vol~n- rariiy and W+'lbeut aw~•LtlrnpJlsion,~nstr~int, spprehension, or fear of w from her said husband. ~ WIjNF.,~56,Jny Fy~ ~ofiitiAl.feal ~this- 27th day of `J~e A. D. 19?~ ~ _ _ ~ ~ : - = C~ ~ i ~ ; ~ , r~~ Notary Public in and for State of Fbrida at large ; ~ ~ -~y .4 G = My Commiuion eapires: " ^V `YJ'Y°` ~ : r, first Federjl ~5ayings b ~v~ ~As}~iation ' Nwo ?obG 51ot~ of ilorido d ~ "~9f.foi~~a~erC~,' • ry 4 ~ FoR PTerce;'•~qr~fJ' Mr ZordR~ssidn E~tpha'Od. S0, 1976 _ • . hnde~ by y?m~.:co~ fR~ ;'Co~oat+r Ow ~ 25~7`?'Ob ~ ~ ~ This Instrumenf Prepared By J~ H. Roberts, JY• ~ First Federal Savings & Loan Association filEO A!1^ RECOROfO ~ of Fort Pierce ST. LUC~E ~OUNTY F~A. ~ ~ Florida aOCER PO#~RAS ~ • CIERK Ct~CU1T COURT 9~ ~ Checked By RFCORO YERiF1E0...,~.~~ ~ ~ ' ~ ~ - ~~~5 ~ J~ 1l 3 s4 PM 73 ~ S~II~ ~~:~~~•J - ~ r~ ~ - - - - ~~r ~ ~ - ~ ""`'i' ~r s.., x _ L',s., ~ ~ @ _ ~~~`W~-"`~_._:ys' . '_`'",~-~t~':~?a'