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HomeMy WebLinkAbout2884 3. To pla~e and continuousiy keep on the bu~'d~ngs ~ow or herea(~er s~tuate on ~aid tsnd and on alt equtpmanf and perso~ally covered by ~h~~ morrg sge, with •II premiums thercon pa~rl in I~II, fire insurance in thc usual standard pol~ty form, in • s~m approved by ihe MORIGAGEE, a~sd winJetorm ~nsurance in the usual ~tentia~d pof,cy iorm, in a~um appro.ed by ~he MORTGAGEE, in suc6 compsny w con+pancef ~s ~M MO~~GAGEE m~y d~red; and all firs and w;ndswrm insuronce pot~cies on any oi sa~d bu~~d~ngs, any ~nterest thercin or par~ ~hcreof, in ~M aqg~ey~~e ium alaesa~d o. in sxcesf ~hereof, shaU cootain the usual stanJard mor~gagee clause or such o~her clauss af ~6e Mongsges may ~equue, makin~ ths Ios~ unde+ ~e~d po1F cies, each and evcry, payable ro said MORiGAGEE as its imeresl may appear, and each aod every suth polity st~al! be promptly aisgncd and deiive~rd ~o any held by said MORiGAGfE ~s fu~ther ~ecui~ty ~o said mortgage debt, and, not leu 1hae+ ten (10) dayi in advance of the expiration of each polity, to d~- G~er to iaid MORiGAGEE • renewal theroof, togeiher whh a recc~pt (a ~he p~emium of such renewal; and thrre ~halt be no f~ra or w~nd~to~m inswance p~xed on any oi said build~ngs, any inre~esf thereirt a parl lhe~eof, unless in the iprm sr~d w;th the loss payable as aio~esaid; and in the erenl any ~um of money becomes payable under such policy w poGcies said MORTGAGEE shall have the option ro reca~ve and apply the samc on accoum o( the indettrd- ness sec~r~ hereby a to permi~ said MORTGAGORS to reteive and use ir a any part tFH~~c-ol foi omer purF;oies, .v~u~v~t th o~ .va1.i :3 0. u~~p~~r- ing any ~qu~ty, lien w right unde~ w by virtue of Ihis ~nor!gage; and in the event fa~d MORTGAGORS iAa11 fa any reaso~ iail to keep the said premises so ~nsured, or fail to delive~ promptly any of said policies of insurance ~o aa~d MORTGAGEE, or f~~I prompily to pay fulty any pte~r~um eherelor or in any respect (ail to pe~form, discharge, execute, ellect, complete, comply witA and abide by thia covenant, w any pert hrreof, sa~d MGRTGAGEE may place a~o pay (w such insura~ce or any part the~eof without waiving w aftec~ing any op~io~, lien, equ~ty, or ~~ghl under o~ by v~rtue of ~h~s Mor~gage, and rhe full amounl of each and evtry such paymenl ~hall be im~nediately due and payable and shall bear interes~ Irom the da~e Ihereof u~uit paid at the rate ol nine per centum pe~ annum and to~ether with such interest shali t>e srcured by the lien o( Ihif morlgage. 1. To pe~mil, commit ot auffer no wa~te, impsirmeN or tleterioration o( said property or any part thereof. 5. To pay all and singular the costs, charges and rxpenus, including a reasonable attorney's fee and costs of abstrads of titte, incurred or paid at any time by said MORiGAGEE, because w in the event of the (ailure on the part of Ihe said MORiGAGOR to duly, promptly and fully perform, d~scharge. execute, ef(ect, complete, comply w~~h and ab~de by each and every ~he st~pulations, agreemen~s, condi~ions, and cavenanrs of said promissory note and ~hi~ mortgage ~ny w eithe~, and sa~d costs, chargea ar+d expenses, each and every, shall be imfiediately due and payable; whrlher w not there be norice dr n,ar.d, attempt to colteU w suit pend~ng; and the full amount of erch and every svch paymeM shall bear inieres~ (rom the date thereo) until paid at the r~~e o~ nine per cenwm per an~,um; and all said cos~s. charges and expenses iocUrred w paid, together wdh such imerest, shall be secu~ed by the lfen of th~f mortgage. 6. That (a) en the event of any bresch oi thi~ Mortgage or default on the part of the MORTGAGOR, w(b) in fhe event any of said s~ms of mone~ herein referred to be ~01 promptly and fully paid within thirty ~30) days ~ext after Ihe aame severally become due and payabte, without dema:~d or oorice, or (c) in tf~ evem each and every the stiputations, agreements, cond'+tions and covenants of sa:d promissory note and th;a mo~tgage any w e~ther me nol ~vly, prompily and lully pe~fwmed, d.scharged, executed, eff~ted, canpleted, comptied with and abided 5y, then in either or any wch event the aa~d ag gregate sum mentio~ed in said promiuory note then remaining unpaid, with interest accrued, and aEl moneys secuied he?eby, shall become d~,e and pay- ab;e fmthwith, o~ thereafte?, al the option oi said MORTGAGEE, as fully and completely as it all of the said wms of money we~e or~ginally stip~Iated ~o be paid on such day, anything in sa~d prom~sswy note or in this Matgage ro ~he coo~rary ~otw+thstanduiy; and tFereupon or thereafrer at the ope~on of said MORTGAGEE, without noHCe or demar:d, suit at law a in equity, there4ore or thereatter begun, may be prosecuted as if all moneys secured hereby had maturcd pr~w to ~ts institution. ~ 7. That in Ihe event that at the l+eginning of ot at any time pernlirg any suit upon this Mor~gage, or to faeclose it, or to refwm it, or to eniorte payment ot any claims hereuix3er, wid MORTGAGEE shalf apply to ihe Courr having jurlsd~ction thereof for the appo~otmeN of a Recaiver, such ~oun shail Fcrthwith arpoint a receiver oF said mortgaged prope~ty all and singulsr, includ~ng a11 and a~ngulu the income, profns, issues and revenues from whatever source derived, eacfi and every oF wh~ch, it being expressly u~derstood, is hereby mortgaged as if spec;fica~ly set forth and destribed in Ih! g~anting and habendum clauses hereof, and s~ch Receiver sha11 have all the broad and effecnve funct,ons and powers in anywise entrusted by a Court to a Receiver, and r_ch ~ppoinlmeN shall be made by such Court as an admined equity and a matter of absotute rigM to said MORTGAGEE, and wirhout roterence w the adequacy o? inadequacy oi the value af the property mortgaged or !o rhe so:vency or insolvency of said MORiGAGOR p the defenda~ts, and that such r~~nfs, profits, income, iasves and revenues shall be applied by such Receiver accordmg to the {ien or equity of said MORiGAGEE and the practice of s~ch CouA. 8. ?o duty, promptly and fulty patorm, discharge, execute, efFecr, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in uid promisswy nore and this mortgage set forth. 9. That in the event the ownership of the mortgaged premixs, a any part ther~f, becomes vested in a person other than the MORTGAGOR, the +'.•~ORTGAGEE, its successws and assi9ns, may, without notice fo the MORTGAOR, deat with such successor or successor in interest wi~h reference to this rrorigage and the debt hereby secu~ed in th= same manner as with Mortgagor without in any way vii~ating or d~xha~g~ng the f~tgagors' liability here- uncier o~ upon the debt hereby secured. No sale of the prem~ses he~eby mo~tgaged and no fo~bearance on the part of 1he MORiGAGEE or its successors or ass~gns and no exrension of tht time for the payment o1 the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate io release, d=scharge, modify cha~ge or affett the original liab~liiy of the MORTGAGOR herein, either in whole or i~ part. 10. It is speufically agreed that time is of the essence of this contracr and that no waiver of any obligation hereunder or of tfie obtigatan se- cvred hereby sha!t at any time thereafter bo he:d to be a waiver af the feims hereof or ot the instrument secured herby. 11. In addtio~ to the foregcRg monthly payments of princ ~al and inte~est :equired by the prom~sso¦y no~e secured hereb~, mortgagor tovenants +nd agrees to pay to mortgagee xith each monthEy payr~ent an addnional sum estuti:ated by mortgagee fo be equal to l~ 12 of the aonual cost of the fo(low- ing: A-All reai properfy taxrs iev~ed or assessed agai~sr thc above descr;bed rnal estate. B-Prcmiu•ns on fire and windsro~m insuraece as herein requ~red to be carr~ed on the improveme~ts s~tuate on the above d~scr~bed premises. C-Prerniums on such mortgage guaranty irsurar.ce as mortgagee shall from i~me to time deem iit to carry on the loan secured hereby. Mongagee shall from nme to time notify mortgagor ~n writing oi the amount due and payabte hereund2r and such sum shall thereupon be due and ; ayable on ihe dua date of the next monthly payment and each successive month thereafter ur.til mortgagee shall not:fy rtwrtgagor of a change in such a•:oum. Such sums shail be app'ied by mortgagee to:vard the paymer.i of real property taaes, inwrance prem;ums, and mortgage guaranty insurance p.emiums. !N V'JITPJFSS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ar,~ year first aforesaid. Signed, Seated and delivered in the preseoce of: ~ ~ -V v t,;t--~•~.,~... - - Minnie B. Russ ~ a s n~gle a~~~ ~ - ~ ~ e" (Seaq - - (Sea4 ~ SiATE OF FlOR10A • - ` St. Lucie ~ i ouvnr oF 1 € - ' Before me personally appeared ~flIIf ~ B. Rllss a~= i ~ ¦R#idR1o me well known and known t0 me to be ~ ~he individu described in and who executed the fwegoing instrument, and acknowledged before me that t~lQxecuted the same fa fhe purposes 4 ~ thereen expressed. /trfA~A!!~lf~{ tGR~'AF1f(l~'!!le• _ ~pew~,~,,~w~~~~ei~p~w~e ' r~e~iws~ierrby~wfltw _ seid~{w~bard~atl~wi~tl~wl~+~~wWiwi~+e~we.ri~~+Fwawawwwis~iii.rww~n?fr~aiyi.a~iro4.~- ` °°nl~„d~w~~'rit~ i ,t~i~.awtwiwb~Fp~wMrw.i~a~.~i~«~.iiowlar~iJi~s ~ ~ WIFPf~~S~~ _bp~ o#~Ciil seal thi~ ~ day of A. D. 191~___ ~ ~ ~ . . =v: g. `~~•r~T a r; Y•~•t ~ Notary Pu61ic in and (or the State of ida at large ' • ' My Commission expirts: ~ = ~ ~.Rewr~ T~::~::; : . _ ~~rst ~ede~a~-SdJings a Ib~, llssocearron • `y •'1 F n~ e c~ ,tfai~ ' M ry~~vb~Mteh ei HNi1~ ~e ter„ j, ~ c~r± ' r ExpirrM Qcf. 3Q. 197~ , r i'•-....••• ~ ~ond~d br Arn~ricon F?~ i Cosuollr Co. , ~ ~ ~ rtu„T <<``~` , = This Instrument Prepared By J. N. Robert~, JY. First Federal Savings 8 Loan Association ST LUCIE~OUNTY f~A. ~ of Fort Pierce s RlOZ3da = ROCER P~~TRA' ( = CLERK ~~~~CUIT COURT Checked By!1r` RfCOPn YEp'ziEp.,~~.. i a O!{ ti/~~ PAGF~IV~ • ~ ~Y 1~ ~'t~ 60Gs . ~~Q~ a~ - - ~ - - - - ~ ° ~ _ ~ _ . < ~ _ _s