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HomeMy WebLinkAbout2728 3. To p~ace and conrinuo:,siy keep on the bui'J~ngs no,n or hereaf~er ~~tuate on sa~d land and on a~~ equipmrnt a~,d penanally covr~ed by this mong- ege, wi~h ell prem~ums thrrcon pe,d ~n 1~i1, fue inavrance i~ ~hc us~al sier~ard po:~cy form, in a sum approved by thr MORiG~Gff, a~,d w~ndieo+m inwronce in thQ usval s+andard pol:ty (orm, in a wm apprortd by the MORTGAGEE, in s~th tompany o~ tompanies a~ the MORTGAGEE may d~ied; and all (i~e ar.d w~ndsturm ~n~urante po~~cirs on any ot said build~ngs, any interest therein or par~ thereol, in the aggregate sum afo~esaid o~ in exce~s Ihe~eoi, shail :oneain ~he owal s~anda~d ~norigagee ciause w svch ahe~ clause a~ Me Mo.rgagee mey ~eqwre, mal~;ng rhe +oas u~der s~~d poli- c~es, each and eve~y, pay~ble to said MORTGAGEE as ~is intereit may appear, and each and eve~y suth po~~cy shali be promp~~y ass gned and dei:v~red ro eny held by sa~d A10R[GAGEE aa (ur~her ~ecuriey to sa:d mor~gage debt, and, 001 les~ than ten (I01 d~ys in ad+ance of the expuatip~~ of each pol~cy, ~o de- liver to said MORTGAGEE a renewal U~ereo(, togerher wirh a rece+pf for the p~emium ol such renewal; a~~d ~hrre shall be no Lre or w~nJs~wm inwrence placed on any of said build~ngs, any imerest therem or part thereof, ur.tess in the form arul with ?he loas payabie as afaresaid; and in Ihe e~eM any sum of money becomes puyable untier uch potity or pol~ues said MORTGAGEE shatl have tf~ oF~tlan ro rrceive a~fd apply the sa~ne on accounl oi the indcbted- nr~s secwec! he~eby oa to plrmit sa~d MORTGAGORS to t¢ceivC and ul0 it W any p.~rt 1h<<eof iu~ ot~~. r~,ur; uses. :..~i~, :t 'h .v.:in ir.g any eqvrty, tien or right undcr or by virtve of Ihis ~~o~tgaqe; a~d in the evrnt ~a.d MORTGAGORS shalt for any ~esson fail to keep the sa~d p+emisas so ~nwred, w fail ro de~iver promptty any of :aid po6cies of inw~ance to aa;d MORiGAGEE, o~ fa~! promptty to pay fu~iy any pre~nwm thercfur or in a~~y respect fail to periorm, d~scharge, eaecure, etiect, complete, comply wieh and ab+de by th~s covc~ant, or any pe~~ ha~eoi, sa~d h~ORiGAGEE may plsce a~,o pay iw such insuranc± or any parl thereof wi~hout waiving o~ affec~ing any op!ion, lien, equlfy, o~ ?ighr unde~ or by vh~ue of ihis Mortgage, and the futl amount o! eath md every such payment shall be immediately d~e and payable and shell bear iNereal fran the date ti~ercof unhl po~d at the ra~e of nme pe~ centum per annwn and logrlher with wth inlerest shali be secured by the lim of ~hi~ mo~tgage. 1. To permit, commit or suffer no waste, impairment or deterioratio~ of sa~d property w any part tl+ereof_ S. To pay all and singular the costs, cha~ges and expenses, indud~ng a reasonable attwr.ey's fee and costs of abs~~acta of tiNe, incurred or paid at any ?ime by said MORiGAGEE, because w in the event of the ia~lure on the part of ~he said MORTGAGUR to duly, promp~ly and fully periwm, d~scharge. execute, e(fect, comptete, comply w~~h and ab:de by each and every the stipulanons, agreements, conditions, and covenan?s of sa;d promissory note and this morrgage any w enher, and sa~d costs, char9es and eapenses, each and every, shall be imm_dlatety due and payab:e; wheiher w not rhere be no+~ce dr mand, attempt to coliect or suit pend~ng; snd the full amount of each arxl e~ery wch payment shall bea~ interes~ from ~he date thereof until paid at the ~~~e os n~ne per centum ~r an~~un,; and ail s~id costs, charges and ex~enses irxuned or paid, together wAh such interest, shall be secured by the lien oi thls mo~tgag6. 6. That (s) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the e~ent any of sa:d aums of money kerein referred to be oo~ pranptly and ful(y paid wi~hin thuty (30) days next afrar the same seve~atly bccome due and payable; without demand or noUte, cr (c) in the event each and every the stipu~at~ons, agreemems, cor.ditlons and covenants o1 sa d prom;ssory note and th~s mor?gage any or either a~e nol ~;,ty, promp~ly and ful)y performed, d.scharged, executed, effected, completed, compiied with and ab~dcd 4y, then in e~rher or any svch evem the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interesl atcr~ed, and all mon~ys secured hereby, shall become d~e and pay ac,:e forthwith, or tha~eafter, at the opt~on af said MORiGf1GEE, as fully and completely as ii afl oi the said sums of money were ongmatly supulared to be pa:d on such day, anything in aa.d prom~ssory note o~ in this Mortgage io the comrary notwithstand~ng; and thereupon or thereafter at the opnon of sa!d MORTGAGEE, wrthovt not~ce or demand, suit at law or in equity, therefore or thereairer begvn, may be prosecuted as if all moneys sewred hereb~/ n~d matured pr~or ~o ~ts institution. 7, That in the evenr that at the beginr.ing of or at any time pending any su+t upon fhis Mortgage, or to fwecluse it, or to refocm it, or to enforce payment of any c~a~ms hereunder, said MORiGAGEf shall apply to ~he Court having junsd~a~on thereof for the appomtment of a Receiver, s~ch Coun shall fcrthwith appo~nt a recei~er of said mortgaged property all and singula?, indud:ng aU and s~ngu~a+ the income, prohts, issues and reve~ues from whatever s~c-ce derived, each and every oi wh:ch, et be~ng express!y underssood, is F.ereby mortgaged as if speoi~cally set fo~th and descrfbed in the granting and h~bend~m c!au:es hereof, and such Rcteiver sha~I have all the broad and effective funa,ons and por.e.s in anyw~se enlrusred by a Court to a Receiver, and s.ch appoinfinent shatl be made by svch Court as an ad~n;tted equi~y and a n~atrer of absotute nght to sa~d MORiGAGEE, and w~thout reference to the edequ>q or inadeq~acy of the vatue of the property mortgaqed or to the aowency or msoivenc~/ of said MORiGAGOR or the delendants, and ~hat such ren~s, profits, income, issues and revenues shail be appi~ed by svch Rece~ver accord;ng to the iien or eq~ity of said MOR7GAGEE ar:d the pracrice of such Court. B. 7o duty. promptly and f~lly perform, discharge, execute, effecr, complete, compl~r with and abide ~y each and every the stipulations, agreements, condiiiona and covenants ~n sa~d promissory note and this mortgage se~ fanh. 9. That in the event the owncrship of the mortgaged premises, o~ any part thereoi. becomes vested in a person athe~ Ihan 1he MORIGAGOR, the :'.~R7GAGEE, its su:cesso~s and assigns, may, witho~f nor~ce to the MORTGaOR, deal w~th such successor w s~ccessoi in interesf wi~h reference to th~s n,o-~gage and the debt hereby secured in the same manner as with Mortgegor w~thout in any way vit:aiing or d~scF~a~g~ng tix Mongago:s' iiability here- ~nd>r or upon the debt hereby sewred. fVO sa~e oF the Fremises hcreby mongagcd and no forbrarance oo the pan oi Ihe MORTGAGEE or its sutcesso~s or assigns and no eatens~en of the time for the payment of the debt hereby secured grven by the MORiGAGEE or its successora or ass~gns, a~~all operate to release, d~uharge, modify cnange or affect the original liabit:ty of the MORiGAGOR herein, either in whole or 'rn pa~t. 10. It is. spec~(~cally ag~eed that time is oi the essence of this contract and thaf no waiver o} any obl:ga~~on hereunder w of the obligation se- c~red hereby shali a~ any time thereafier be held to be a waiver of the terms hereof w o4 the inalrument secured Fxrby. 11. In add,tio~ to the ioregong monthly paymenls of princ pai and interest required by the prom~ssory no!e secured hereby, mortgagor ~ovenants jr,~ agrees to pay to mo:tgagee v~ith each monfh:y pa~~.~ent an add~~ionat sum es+~~~:ared by mortgagee ro be equai fo l, 12 ei tF.e annual cost of the foNow- ,,,g: A-AII real Nroperty taxes lev~ed or assessed agai•,st th~ a6ove dezcr~bed real es!ate. B-PR•R:'U•'TS on f~re and w:nds~o~m ~nsvracce as here~n reqv:red to bz carr~ed cr, the :m~;rowme~ts s~n~ate on th~ above desv~bed premises_ C-Prem~~ms on s~ch mort3~ge guaranty ~r.surar.ce as mortgagee sha~l irc r, t me to tirn~ deem fit to carry on the loan secured hereby. hto~tgagee shail from r~me to t~me not~fy m~rtga~cr in wrtt~ng of the arr.ount due and payable hereundrr and such s~m shai! thereupon be due and ;+yab~e on the due oate of the next month:y paymem and each succ^ssi~e mooth thereafter u~:tii mcrtgagee sha!I notify mortgagor of a ctiange in sucA ~;,ount. $uch sums sFa:l be app!ied by mongagee toward the payment oF real properry tazes, i~surance prem:ums, a~~d mortgage guarany insurance ;~emiums. 1 \VITNESS 'JrHER~Of, the sa~d b10RTGAGOR has h~reunro set his har.d and seal the day and year first aforesaid. 'i ' ned, Sealed a 'vered in the'resence of: ,~~~.C%~~~yr ~1~4!~f}--~ , al F ias~ i~. ng ~ ; ' - t5esq ; % ~ - , tl ~ ~ (Seap ; ~ velyn oling ts~ai~ i! I { SiATE OF fIORIDA 1 ` COUNTY OF St ~Lucie ~ ~ ~ Willia~ F Doolin Z Before me personally apaeared • 9 and ~ - ~'Ve1~Rl ~OOling his w~fe, to me well known and known !o rrk to be 3 rhe individuals desciibed in and who executed tne for oj instrument, end acknowledged beEore me that they eaecuted the same fw the purposes ~ Evelyn Doo~1~g ~ rherein e:pressed. And the said a . Po Pa P . ~ N~fe of the :a~a _ williaa F•Dooling u n a se nte and nvate ~ e,~am~nat~on by me taken separate and apart from her taid h~sband, ac4now(edged to and before me that she executed said irut~ument..freejy, a,nd volun- = ra~~ly and w~thout any compu:sion, constra~nt, apprehenron, or fear of w from her said husband. t~-;' ( Y~ITt,::SS my hand and off~ual seal this_ 215t _ day of ~ _ ! Jane '.~'p~ 73 _ . ~ ~ ~z`~ _ 4~ ,._~~~c ~ " j'- ~l-~ f r/~~ '`r/- - . _ . iVo~ary P~bGc in and for the 5 te of ~}o i,a pi. targe " M y C o m m i s s i o n e z p i r e s: ~ a. c~ • , : Rerurn To: - First Federal Savings 3 loan Associa!~on ~ NOTARr PUB~?C. S~ATE o! ROR18~7! LAR'GE Of Fort F erec. R~!Y C11~•~•1~SS' fY.i'I"~:i I~~C. ?Q.' 19I5 Ftirl P~~r~P F1Grit~d . , • ~ • ~ ~ , . . ; . 2 7S 4 This Instrument Prepared By John W. COI2ins LED ~tt10 kfCOR0E0 ~ tuc~c couNrr Fu. ~ First Federal Savings & loan Association ; of Fort Pierce RCGfK iRAS , Rlorida ClE4K G,:,CJ~1 COURT~' - RECf`R'1 VF~%i=~F~J~,r,",~ Checked 8y ~ ~ ~t!! ~ '~1 aM'~3 js ' i~~!?~~ ~1V t~~~ ~ ! Y zs~9~o ;