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HomeMy WebLinkAbout2524 9. To place and continuousiy keep o~ rSe bvi'~ings now cr hereafter situate on said land and on atl cquiyunent and personally covaed by th~t mwtg- ege, with all p~em~ums thereon pa,d in full, lire insurance ~n tne ~wat ~iandard policy fo~m, in e wm app.o~ed b~ fhe MORiGAGEE, and winds~a~~ ~nsvrente in the vs~al ~tandard pol.cy fwm, in a~um appro.ed by the MORiGAGEE, ~n such company or co~~pan~es as the MORIGAGEE may d~rec?; snd all fire and windseorm insurance policiea on any oi sa~d bui~d~~+gs, any interes~ there~n or pari thereof, in Ihe aggregare sum afo~esa~d or in excess ~her~of, shall :onta6~ the usual s~andard morrgagee clause o+ such o~her clause ss ~he Ma~gagee may requ~ro, ma?ing the ~oss undrr s~~d potr ues, each and every, payab!e ro said h10RTGAGEE a~ its interrst may appear, and each and every svch po~icy shall be pron,ptly ass gned a~}d delrvrred ~o eny held 6y said MORTGAGEE as further security to said mangage debt, and, not tess ~ha~ t~n (10) days ~n advarxe of the exp,rat~on oi each po6ty. ~o de- 7iver to sa~ MORIGAGFf a ronewal thereof, 1ogNher with a rete~pt tor Ihe premium of such renewal; and ihere shall be no fire o~ wmdstor~n insurance placed on any o1 sa~d build~ngi, any interest therein or parl thereof, unless in ~he form and with the loss payabte as aforesaid; and in the e.enf a+~y sum of money becomes payable undtr such policy o? pol~cies said MORTGAGEE ah,~lf have the option to receive a~id -eppty the same on accounl of the indebi~d- r.ess secwed hereby or to permit said MORTGAGORS 1o reteive and use it or zny part ti~errof tor o+m~r p~i;.oses. ..~~~~o~~t ih;•.o; o~ ~~~.p~~~- ing any equity, lien w right unde~ or by virtue of this mo:'gage; and in the event sa~d MORTGAGORS shall for any reawn fa+l to keep the said prem~ses so insu~ed, w fai! to deliver promplly any of said poGcies oi insurance to said MORTGAGEE, or fail prumptiy to pay fuily any prr~nium theretor o~ in any resped ia~l to perfam, d~scharge, eaecute, efiecl, complete, comply wi~h a~x! abide by this covenant, a any pan hrreot, sa~d MvRTGAGEE may p~ate a+~d pay (or wch insur~nce or any part rhe~eoi without waiving or affecting any option, lien, equify, or r~gh~ unde~ o~ by vi~tue of th~s Mo~tgage, and the f~!I amount af each and every such payment shaL' be immediately due and payable and sha:l bear interes~ from thz da~e ~hereof u~~ul pwd a~ ~he ra~e o.' ~~~ne per cenrum per annum and to~ether w~th wch inrerest shati be ~ecured by the lien of thit rtw~tgage. To permit, commit w suffer no waste, impairment o~ dete~ia~ation of said property w any part thereot. ro 5. To pay a!! and singu~ar the costs, charges and expenses, including a reasonable at~orney i fee and costs of abstrac~s o( title, incurred or paid at any time 6y said MORiGAGfE, beca~se w in the event of the fa~{ure on tlx part of ~he said h10RiGAGOR to d~ly, promp~ly and fuily pe~iorm, d~scharge. ex<cute, efiec~, complete, comply w~~h and ab:de by each and every the stipulaf~ons, agreements, cond~hons, and cove~ants o1 said p~omissory note and this n,ortgage any or e~ther, a~d sa~d costs, chargES and expenses, each and every, shall 5e immediately due and payable; whethcr or not there be ~ot~ce dr mand, attempt to :o:lect o~ sui? pendrng; and the fu11 ainount oi each and every such payment shail bear intcreat fiom ~he da~e thereoF until paid at the r.~re os nine pes crnwm per.am~u:n; and all said cos~s, charges and expenses inc~rred w paid, ~ogether wnh wch mterest, shall be secured by the lien of th:i mortgage. b. That (a) in 1F?a event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in thr eve~t eny of sa:d sums of money herein referrrd to be nor promptly and fully paid within thuty ;30) days next after the same severatly beccK,ie due and payabte, without demand o* notite. cr (c) in the event each and every the stipu+anons, agreemeNS, condifio~~s and covenants of sa d promissory note and ~h~s marlgage any or enher art not iuly, promptly and fully pe~formed, d,scharged, ezecuted, effecred, completed, compl~e~ wirh and ab~ded Sy, then in erther w any such event ~he sa~d ag gregate sum mentioned in said promissory note then remaining u~paid, with interrsl accr~ed, and a!1 moneys sxured hereby, shafl become due and pay ab'e forthwith, or thereafter, at ~he option of said MORTGAGEE, as fully and comptete~y as ii all oi the seid svms of money uve~e onginaily st~pulated ro be pa[d on such day, anything in sa:d prom;ssory note or in Ihis Mwtgage to the cororary notwi~hstand;ng; and thereupon or therealter at the op~~on of sa:d MORTGAGEE, wiihoot not~ce or demand, suit af law or in equity, therefore w thereatter begun, may be prosecuted as if atl moneys secured hereby r~~d matured pnor ro as institulion. 7. Thet in the event that at the beginning of cr at any time pend~ng any suit upon this Mortgage, w to fweclose it, or to reio~m it, or to enforce payment of any claims hereunder, sa~d h10RTGAGEE shall apply to the Court having junidiction the~cof ior the appo~mment of a Receiver, wc6 Court shail ferthwirh appoint a rece~ver of said mortgaged property aN and sinqula~, includmg a!! and s;ngv~ar ~he income, pro6n, issues and revenues from whatever s~urce derived, eath and every of wh~ch, it being expressly understood, is hereby mongaged as if spec~f~cafiy set forth and deuribed in the granting and 1:sbendum clauses hereof, end such Receiver shall have aIl the broad and eff~a;ve funct.ons and powen in anywise erttrusted by a Cov.t lo a Receiver, a•.d s_ch appointmen? shall be made by such Court as an admitted equity and a mauer of absolute right to said MORiGAGEE, and witho~t reference to the acl•-quacy or inadequacy of the value of the property mortgaged or to the so~vency or insoivency ot said MORiGAGOR or the defendants, a~Td that such r~~•~rs, prafits, income, issues and revenues shalt be apptied by such Receiver acco~du~g io !he lien or equity pf said MORTGAGEE and the praaice of s~ch Court. • 8. To duty, promptty and fully perform, discharge, execute, effecf, corr+plete, cornply with and abidr by each and every the stipu(ations, agreements, conditions and covenants in sa~d promissory note and this mc:t~age set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the `:.ORTGAvEE, its successors and ass~gns, may, withovt notice to the MORTGAOR, deal v~~lth wch successor w sutcessor in interest with refrrence to this n~ortgage and the deb~ hereby sacured in the same man~er as with ~dortgagor witiwut in any way vitiating or d:scharging !he /~Aortyagors' liabiiity here- de~ a upon fhe debt hereby secured. No sate of the Frem~ses hereby mortgaged and no forbearence on the part oi the ~AORiGAGEE or its successors or ass~gns and no extens~on of the t:me fo~ the payment of the debt hereby secured given by the MORTGAGEE o. its successors or ass~gns, ahatt operate to re~ease, d~scharge, mod~fy change or affect the orig~nal liab,Lry of the MORTGAGOR herein, either in whole or in part_ 10. It is spec~fi;ally agreed rhat ti~»e is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cured hereby shall at any time ~hereafter be he!d to Ee a waiver of ihe terms hereol or of the instr~mem secured herby. I l. In add.tio~ to the forego ng m.onth!y paym^n~s of princ pa! and interest required by the prom;sscry note s^cured hereb;, mertgagor covenants ~!.d agrees to pay to mo:tgagee xirh each n,onthly payr.:e+u an add.tional sum est~~~ated by mortgagez to be eq~ai to 1, 12 0( ti-.e onn~a! cost of Ihe follow- ~~n;. A-All real property taxas le.~ed or assesse3 aga~•~st ihc above desc.ibed rea~ estzte. B- Pramiums o~ ihe and w~ndsto~m ~nsurar.~e as herein requ:red to be carried on the improveme~ts s~tuate on th~ above desc.~bed prem~ses. C-Vremiur~s on such mortgage guaramy ir.su~ar.ce as mortgagee shail fro^: t me to time drem fit to carry on the loan secu:ed hereby. Matgagee stia~l from nme to t~n:e notify mongagor in wr~t~ng of the amount due and payab~e hereundrr and such sum shatl thereupon be due and ;~~abfe on the due dare of the next month:y payment and each successive month thereaftar ur.t~t mortgagee shall not;fy mcrtgagor of a change in such ount. Such sums sha:f be appi~ed by moilgagee toward the payment of real pro~ierty taaes, ins~raxe prem:ums, aed mortgage guaranty insurance ._•~3m~um5. IN WITP1E55 Y~HERcOf, the sa~d NtORTGAGOR has hereunto set his har,d and seal the day and year first a(oresaid. igned, Seated and de~vered in the presence of: ~ ~ ~ n ~ - ~ //i 2(Seal) _-~JCL .1.~,/ obert R hburn ~~ap I _ ...-Y-"`^^~l'i7 ` i • ~ c~Ci Q~~.Lt'c-GL ~t- . (Seal) i _ J et Rathburn i ~ STATE OF FIORIDA ~ ~ ~OUNTY OF St . Luc ie i 1 ~ Befo~e me personafly appeared Robert Rathbul~tl a~ ~ ane~ a urn his wife, to me well k~own and k~ovvn to me to be rhe individua!s descr~bed in and who executed the forega instrument, and acknowledged befwe me that they executed the same for the purposes thFrein eapressed. And the ~a~d_ Janet Rath~urn »:'e of the said H. Robert Rathburn upon a sepatatESild pr~vate e.am(nation by me taicen separate and apart from her said husba~, acknowledged to and before me that she executed said instrume~t freely+arld vol~uer ! tar,iy and without any compulsicn, constraiM, apprehens: f fear of or from F~er said husband. j ~t!r • ~ WIiNESS my hand and official sea! this ~ day of / 1'~ _~:'A. `p~;~y~ ' " , / ~ ~ , A : ~ '_„r_. ~ Notary Publit in and foi the Sta1e o! f{onds ~t rxge • ~ My Commission e~cpiies: ~ - ; Return To: ~ f , ~ ' l ~ ~ r ~ ~ ~ ' . ; First Federal Savings 3 Loan Asseciation , ~ ' ~ - 'yy ('1;^,~. .jL,r F(OP.tCA at r':~ ~'~f.~' ~s)' ~ Of Fort Reree. ~ ~ Fort Pia~ce. Flo~ida • ~ ~ ^`l. 1i~'.5~~_ ~'ri ~ . : = ~ - - • • -l ' y f~r_ . ~ . This Instrument Prepared $y Jahn W. Collitts ~ First Federal Savings 8 l.oan Association ~ ~ of Fort Pierce ~ Florida f LED ~y~;~'`-~'''R~~ ~?+~p.~y ry ~ f~. IUCIC.~.~UMTY FIA. 2 J I C7/G+ I ' ROG~y~: ~,~TRLL .\1 3 Checked By l fRX ~;:,GL1T C~URS r 60CK ~1~ Far[ 2r~~U P.E*~~r'~ '!E ~i~f f E D~~ ,~i1y t4 z7 AM'~~ 3 Sb ; _ _ - _ _ _ . .