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HomeMy WebLinkAbout0566 , , f' ' J. To place and con~inuously keep on fhe bu~!d~ngs oow or hereaiter fiwate on sa~d ~and ~nd on ali equ~pmeot and persona?ly tovered by this mo~~~- sgs, with sll premivms Ihereon pa=d in iuN, firr insuran;c m the usuai s~andard potity fo~m, in a sum ~pproved by the MORIGAGEE, a~~d w~~dstorm insuranc! in the usual s~anda~d pol•cy form, in a sum approved by the MORTGAGEE, in suth tompany o~ tOmpames as the MORiGAGEE may d~retr, and ali fire and w~ndatorm insurente pol~cies on any uf sa~d buiid~ngs, any inte~est therein or pa~f thereof, in the aggrega~e sum sloresa~d w in exccss lhereot, shaU contain ihe usual stendard moregagee ciause w such o~her clause as the Mat9agre may requ•re, making the los~ u~Jr~ sa~d po~i- Nes, each and every, payabfe ro said htORTGAGEE as ~ts inierest may appear, ano each and every soch po~~cy shall be prompNy ass ~~~ed a~d drli~ered ?o any held by said ~~IORiGAGEE as (ur~her secur~ty to said ma~gage dab~, and, not Iess ~han ten (10) days in advance of ~he expirat~on oi each pol~cy, to da Gve~ lo sa~d MORTGAGEE e renewjl thereof, logc~he? with a rece~p~ fOr ~he premium of such renewal; and there shalf be no f~re or windsto~m inswarxe placed on a~y of said build~ngs, any interes~ the~e~n or pa~t ~hereof, unlesa in the (orm and with th~ loss p~yablr as aforesaid; and in ~he event any sum oi mo~ey becomcs payable ondrr iuch policy a poGcias said MORTGAGEE shall have ~he opt~on ~o rcceive and app~y the samr on accounl o( the.indrbted ness secured hereby or ro permit said MORTGAGORS to receiva and uss it a any part ~hrreof for otiier pu~HOSes, .v:~ho~t ~h_~~i~~ wa~.~,y or u,~pau- ing any equ~ty, lien w right undrr or by virtue of th;s mo:'gage; and '+n the event ia~d MORTGAGORS shall fa any reawn fail to keep ~he sa~d p~emi~:s so insured, or fail 1o delive~ p~ompt:y any of said polic~es of insurance lo sa~d MORTGAGEE, or fail prompdy to pay fu11y any pre~nwm therefor or in any re~pea lail to pa(or~n, d~:charge, e:ecure, e}fect, complere, comply with and abide by ~h~s ~cover.an~, or any par~ Aereof, s,~~d MGRiGAGEE may p~ace a~~d pay iw~ svch insurance or any part lhereof without waiving a affetting any option, lien, equity, a right under w by vi~tue of this Mortgage, and thc full amount of each and every such paymem ahall be immediately due and payable and shall bear inreres~ irom tha date thereof until paid at the rate ot mne per centum per annum and togethor with tuch in?erest shai~ ue sewred by the lien of this mortgage. 1. To permil, commit or suffe~ no wa~te, impairmcnt or deterioration of sa~d property p any part thereof. S. io pay all and singular the cosis, charges a~+d exfxnaes, including s ressonable attorney's fee and costi of abatretls of ti~le, incurred or paid ai any ti.r.e by said MORTGAG:E, because or in the event of the fa~lure on ~he pa~t of ~he said MORTGAGOR to duty, promptly and fuf~y perfwm, d~sch5rge. rxec~te, effec~, complete, co~+pty w~th and ab:de by each and every the stipu!at~ons, agreements, condi~~ons, and covenants of said prom~ssory note and ~h~i mortgage any w e~ther, and sa:d costs, charges and expenxs, each and every, shall be immed~ately due a~d payabte; whether or not ~here be notice da mand, attempl to collect or sui~ pend~ng; and the full amounf of each and every such paymenf shall bea~ in+erest From the date thereot untii paid at Ihe rare of n~ne per centum per anuu:n; and all wid cos~s, chsrges end expenses irxurred w paid, fogether with such in~ereit, shall be setured by the lien of ~hi~ mortgaga. 6. That (a) in the event of any b~each of this Mortgage o~ default on ?he parl of the MORTGAGOR, w(b) in the event any of said svms of mortey herein referred to be not promptiy and iully paid wi!hin thirty (30) days nex~ after the same seve?atly beconx dve and payab~e, without demand o~ not~ce, or (c) in the event each and erery the st~pulations, agreements, cond6tions and covenants of sa•d promiswry nou and ~h~s mor~gage any w e~ther are not ~vly, promptly and fully performed, d.scharged, executed, effected, completed, compl~ed wi~h and ab~ded hy, then in e~ther o~ any such event the said ag gregate sum mentioned in said promissory note ~hen remaining unpaid, with inte~est accrued, and all moneys sett~red hereby, sha~l becorne due and pay- eo;e for?hwith, or thereafter, at the optio~ of said MORTGAGEE, as fvlly and complete~y aa if all of the said sums of money were or~ginallY at~p~Iated to be pa~d on such d~y, anything in sa:d p~o~n;sswy note or in this Morlgage +o the contrary notwiehstanding; end thercwpon or thereafter at the opt~on of sa+d MORTGAGEE, w~thout nonce or demand, suit at law w in equity, therefore o~ thereaffer begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to ~ta institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Matgage, w to fweclou it, or to reform it, or to enforce payment of any claims he~eundet, said MORTGAGEE shall apply to the Co~rt having jurisdiction thereof fw the appo~ntment o( e Receiver, such Court shall Forfh,vith appoint a rrceiver of said mortgaged property all and singula?, inctud~ng atl a~.d a~ngular the income, profi~s, issues and revenues ~rom whatever sc:urce de~ived, each and every of wh~ch, it being expressly understood, is hereby matgaqed as if spec~tically ut fath and desuibed in the 9ranting and habendum clauses hereof, and such Receiver shall have all the broad and etfecrive funct~ons and powers in anywise entrusted by a Cou~t to a Receive~, and s, ch appaintmenf shall be made by such Cov~t as an admitted equity and a matter of absutute right ro s~id MORTGAGfE, and without refere~ce to the e~~equacy or inadeqvacy of the value of the p~operty mortgaged or to the so~vency or ~nsotvency o( said MORTGAGOR o~ the defendants, and that such r_~rs, profits, income, issues and revenues shall be applied by auch Receiver accord~ng to the lie~ w equity of said MORTGAGEE and the praUice of such Court. - S. To dvty, prompily and fully perform, discharge, execute, effect, comptete, comply viith and abide by each and every the slipulations, agreemenis, conditions and tovenanq m sa~d promissory note and this mortgage set fwth. ~ ~ 9. That in the event the ownership of the mortgaged prrmises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the h:ORTGAGEE, ita s~ccessors and ass~gns, may, w~rhou~ notice to the MORTGAOR, deal with such successor w successor in interest with reference to this n,ortgage and the deb~ hereby se.ured in the same manner as with Mortgago~ without in any way vitiating w d~uharging the Mortgagors' iiabitity here ur,der or upon the debf hereby secvred. No sale of the premises he~eby mortgaged and no fwbearance o~ ~he part of the MORTGAGEE a its successors o~ assigns and no extens:on of the rme for the paym.ent of the deb~ hereby sec~red given by the MORTGAGEE or its successors or ass~gns, s~~all oµtrate ro reiease, d~scharge, modify change or af(ect the orig~nat liab~l+ty of the MORTGAGOR herein, either in whole or in part. 10. !t is spec~f~cally agreed that time is of the essence of this contract and that no waiver of any ob~igat~on hereunder or of the obligatan se- c~red hereby shall af any time thereafter be held to be a wai~er of ~he terms he~eof or of the instrument secured herby. - 11. In add.tio~ to the iorego"ng moMh!y payments of princ pal and interest requ~red by the prom~ssory ncte secured hereb/, mortgagor covenants a~ d agr~s to pay to n;ortgagec w~th each monrhfy pay:nem an add~uonal sum ev~n:ated by mortgagee to be equal to 1;'12 of the annuai cosr of the follow- i:,.;: A-All reat property taxe~ ievied or assessed agai•~st the above described real estate. S-Pr~mlu:~z on iire ar.d winds:cr~n ir.wrar.ce as here~n requ:red to be carried en the imp~oveme~ts situate on the above descr~bed premises. C-Premiun.s on wch rnwtgaae guaranty ir.wrar~ce as mortgagee sha':1 f~o•n t~me to time deem fit to carry on the toao secured hereby. Mortgagee sha11 !rom i~~r.e to t~rne not~fy mortgagor ~n writing of the a~r.ount due ar.d payable hereundrr and wch sum shall thereupon 6e due and :+;abie on the due da~e oi ~he ~~ext monthi~ payment and each successive moroh tnereaft~r ur.tit mortgagee shall notiiy mortgagor of a change in such ` o~nt. Such sums sha:i be app!~ed b~ mortgag~e toward the payment of rral property taxes, insura~xe prem:ums, a~xl mortgage g~aranty insurance i •emiums. ~ IN Y~ITPJESS VVHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. j ,8~ned, Sealed and de ' red~ he presence f: € ~ / ...r i cS.a11_ - •~1 s,,- ~ ert A:. kebster € r...~.L ~ ~+t- s - ~ ~ ~ - ` ` (Sea4 ~ •1 ness :argare r;e s r ~ai~ ~ ~IATE Of F~ :i~:5 `ZVi: h~ I/""- yf ' l ~ : _ L',~ ~ SS- ~ COUNTY Of ~ ~ ~--'1'~-~`~`-'~ 'f' ~ ~ Before me personall appeared ~obert I~` eb s ~er • snd ~ ~cP~ c1CPt ti. {~'~BbS~Sr his wife, to me well known and known to me to be ~ the individuals described in and who executed 1he foregoing instrument, and ackrww:edged before me that they ezecuted the same fw the purposes ~ rherein expresxd. And !he said :~ar aret N'. ;.ebst°T' :Abert M. t•e ster ~ ~;`e of the said upon a sepa~ate and private ~ examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freeiy and voluo- ~ r~r:ly a~d without any comp..:sion, constraint, apprehen?s:on, or fear of w from her said husband. , a; WITNESS my hand and offic~al seal this_ rJ '2-~~ - day of ~ ~'t A. D. 19~_ ~ { L C ~ rZ-- / ~ ~iir = ~ /t-~ . = ~ Notary Publit in a~d for the State ~ y My Commiss'an expires: ~ Return To: ~ F~nt Federal Savings S loan Associat~on JUIIA 1. WRIGHTS - Notary Publie ~ of F~~r P.~:ce. Chlmbersburg Boro - Franklin County j ' . % ~ Fo.r Pier~e. Fior~c;a My Commisslon Expues June 6, 1976 v,i ~ 258539 : ~~,1 ~ ~ ~~r : . - - This Instrument Prepared By t?icharc Y. K2~: es FILED AND RECORDED - - ST.IUCIE COUNTY fLA. - ' - First Federa! Savings & Loan Association ROCER PJITR~S " of Fort Pierce~ r7 c r~ da CLERk C~rCU1T COURT ~ ~ RFCORD YEk~FtEO~~~ : " e Checked By ~ ,l~, f0 3 34 PM'73 , ~Y ~ 5~~~ 22s 5fi6 ~ ^f - _ ~ - ~ .