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HomeMy WebLinkAbout0580 3. To plece and con~~nuously keep on the bui`d~~gs now or he~eafrer sit~ate on so~d land and on a~t equipment and personaUy cover~d by ~his mw~g~ egs, w~th all premiums the~eon pa~d in full, f~re inwrance ~n ~he us~al sta~u~lard policy form, in a sum approved by the MORIGAGEE, a~~d wind~torm ~nsurance in the us~a) standard pol~cy for~n, in a sum apF~oved by the MORiGAGEE, in fuch tompsny or tompanies as the MORIGAGEE may d~reth and aU fire and wlnJsrorm insurance pol~ues on any of said build«+gs, any in~e~e~l Iheiein or part thereof, in the aggregare ~um afwesa~d or in exceis Ihereof, shall contain ~he usual standard mortgagae daose w such otFu~ dauss ai the Mo~~gagee may requ.re, making the iois unde~ s.~~d polr ues, each and every, payabie ro sa~d AtORTGAGEE as ~~s lroerest may appear, and each and every such po~~cy shall be promptly ass g~ed and delive~rd ~o any held by aa~d MORTGAGFF as (urther security to said mortgage debt, and, not less than ten (10) days in advance oi the expir~tion of each policy, to da I~ver to said MORTGAGEE a renewal thereoF, together with a receipt fa IRE premium oi suth renewal; and t}iere shall be no f~re o~ winds~o~~n insu~ante plated on ~ny of said build~ngf, any inte~est therein w part thereoF, unleas in ~he fonn and wi~h Ihe loss payable as aforesaid; and in the event any sum of mooey becomes payable unde~ such policy o~ poGuas said MORTGAGEE sl,all have ~he oprion to rece~ve and appty the same on account of the ind~bted- nrss secured hereby or eo permit sa~d h\ORTGAGORS ro rcceive and use it or any pa~t thareof for o~nrr pu~F-osrs, .•,~~ho~+r ~h~~.u~ .ti.;~~~~:g o~ ~p~~~• ing arry equity, lien or righl under o~ by virtue of this mor•gage; and i~ the event said MORTGAGORS shatl for any reaso+~ fail ~o keep ~he said premis_a so insured, o~ fail fo detiver promptly any of said pol~cies of insurance to said MORTGAGEE, w(ail promptly to pay fully any pre~nium tiiere(w or in a~y respect fail to perfo~m, J~scharge, execute, eHect, complete, comply with and abide by this covenam, w any part hereo(, said MORiGAGEE may piace a•~d pay fw such insur~nce or any pa~t thereof wi~hout waiving or affecting any option, lien, equity, or right under or by v~rtue of this Mo~egage, and the ' iuli amounl of each and every s~ch payment shall be immediately due and pavable and shall bear interes~ from the date thereof until paid at the rate o1 ` nine per ten~um per annum and rog~the~ with such inte~eat shall be secured by Ihe lien of this mortgage. 1. To permit, commit or su(icr no waste, impairment or deter~oration of said property w any part the?eof. S. To pay all and singula~ the cos~s, charge~ and expenaes, ~ncluding a reasonab!e ana~ey's fee and cos?s of abstraUa o( titte, incurred or pa~d at a~y time by said MQRTGAG:E, because w in the evenf oi ~he failure on the part oF the said MORTGAGOR to d~ly, promptly and fully pe~(orm, d~scherge. execute, ef(eU, comptete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditio~s. ~nd covenanb of said prom~ssory note and fhis mortgage any or either, and sa~d costs, charges and e:penses, each and every, shall be immed~atrly due and payablr, whether a not there be not~ce dr n,and, attempt to collect or s~it pending; and the (ull amount of each and e~ery such payment shall bea. interest from"the date thereof until paid at the r,~ee o~ nine per cent~m per an~w:n; and all said costs, charges and expenses incurred a paid, togeiher wJh such interest, shalt be secwed by the lien of thit mortgsge. 6. That (a) in the eve~t of any breach of this Mortgage or default on tFx pa~t of the MORTGAGOR, o~ (b) in the event any of seld sums of money herein referred to be not promptly and fully paid w~rhin th~rty (30) days nex~ afte~ ~he same severatly becane dve and payable, without demand or notice, or (c) in the event each and every the stipu~aiions, agreements, conditiona a~d tovenants of sa:d promissory note and th~s mortgage any a either are not ~uly, promptly and fuily per(ormed, d~scharged, axetuted, e{fected, completed, compfied with and ab;ded Sy, then in either or any such event the sa~d ag gregate sum mentioned in said promissory note then re~naining unpaid, with in!erest accrued, and all moneys secured hereby, shall betome d~e a~d pay- ab~e torthwith, or thereafter, at the option ,of seid MORTGAGEE, as fully and completely as if all oI the said sums of mooey wero originally st~pulated ro b~ pa~d on such day, anything in sa:d p~om~ssory note or in th~s Mortgage to the contrary notwithstan~~ng; and therevpon or the~eafter at the opt~on of s~id MORTGAGEE, without not~ce or demand, suit at law w in equity, therefae or therealter begun, may be prosecuted as if all moneys secured hereby nad mawred pnq 10 ~ts institution. 7. That in the event that at the beginn~ng of w at any time pending any suit upon this Mortgage, w to fo~eclose it, o? to retwm it, or to enforce payment o1 any claims he+eunde~, said MORTGAGEE shatl apply to the Cour~ having jurisd~ction thereo! (or ihe appa~ntment of a Receiver, such Court shall io~thv~~th appoint a receiver of said mortgaged property all and singula?, incl:id•ng a~l and singular thr ir.come, proF~ts, issues and revenues from whatever s: uice derived, each and every of whrch, it 6e~ng expressiy understood, is hertiby mortgaged as ~f speofica:ly sN forth and destribed in the granting and h~bendum clauses hereof, and such Receiver shnll have ail the broad and effrcrive funcs~ons and powers in anywise entrusted by a Court to a Receiver, and s.ch appointment shall be made by s~ch Court as an admitted equiry aad a mafter of absotute r+gh~ ro said MORTGAGEE, and without refere~ce to the adequaq or inadequacy of the vaiue of the properry mwrgaged or to the so;vency or insotvency o( sa~d MORiGAGOR a the defe~dants, and ~hat such re~,~s, proiits, income, issues and revenues shall be applied by such Receiver accord~ng to ~he lie~ or equity of said MORTGAGEE and the practice of such Court. B. To duty, promptiy and fu!ly perlorm, discharg~, execute, eifect. complete, comply with and abide by eath and eve~y the sfipulations, agreements, conditions and covenants ~n sa~d promissory note and this morrgage set forth. 9. That in the event the ownersh~p of the morfgaged premises, or any part thereof, becomes vested in a pe~son other than the NIORTGAGOR, the h'.ORTGAGEE, its successo+s and assigns, may, witho~t nofice to the MORTGAOR, deal with such successw or successa in interest with reference to thia mortgage and the debt hereby secured in the same ma~ner as with rdortgagor w~thovt in any way vitiating w d~scharging the Mortgagors" liabili?y here- ~~nder w upon the debt hereby sec~red_ PJo sale of tt~e Fre~~~ses hereby mortgaged and no forbearance on the pan of the IAORTGAGEE w its s~ccessors or ass~gns and no eatens~on of the ~ime for the payment oi the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, atiall operate ro release, d:scharge, modify change or affect the ong~nal I~ab~l~ty o1 the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any ob!~gat~on hereunder or of the obliqation se- cured hereby shall at any time th~:~eafter be hetd to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add tion to the faego ng rt~o~th!y payments o4 princ pa{ and inrerest required by the prom ssory note secured hereby, mortgagor tovenants ~•~d agr~es to pay to mor+gaq^e with each ,rcmh~y pai~.,enr an add,:~onal sum es!~~zaied by mortgagee to be eq~al to 1;'12 of the annual cost oi the follow- - . . A-AI! real property taxes levied of assessed ag3i•~st the above descri.4,ed reat estate. B-Pre~r:vrz±s on !ire and windsto~~~ ~ns~~ra~.ce as here~~ req~:rrd to Fu~ carriPd on the ~mprovrmeots situate on the above d~scribed premises. C-Pre~n~um•s on s~ch mortgage guaranty ir.sura..ce as mo*rgagee shall from t~~ne to time deem fit to carry on the loan sec~red hereby. ~ Mortgagee sha~l from time to t~n~e nc~~f; mcrmagor m v.rit~ng of the amoum dve a~d payabte hereunder and such sum shalt thereupon be due and j ;,3yable on the due date of the next munth:y payment and each successive month thereaiter until mortgagee shall ~otify mo•tgagor of a change in such { a•:oum. Such sums sha:l be appGed 6y mortgay~e torvard the payme~t of real property taaes, insurance prem:ums, a~id mortgage guaranty insurance ~ p•emiums. IN Y~ITPJE55 ':1HEREOF, the ~d MORTGAGOR ha: hereunto set his hand and seal the day and year fir aforesaid. ~ Si~ned Sealed a deliver in the piesen of: ~ ~ ~ ~ 0 Seal) ~ ~ Ch es L. Tabo t~s~) ~ ~•7 (,~-'i - " ~ (Seaq ~ - _ E Odi¢ S. Tabor (s~an ~ ~ SiAiE OF FLORIDA ' ~OUNTY OF St. Lucie Before me perwnalfy appeared Charles L. Tabor and Elodie 5. Tabor his wi(e, to me well known and known to me to ~e rhe individuals described in and who executed the foregoir.g instrument, and acknowledged befote me that they executed the same (w the purposes therein expressed. And the said- EZOCjl@ TabOZ ~ r~~fe of the said Charles L. Tabor ' a separate and private ~xam~nat~on by me taRen separate a~d apart from her said husband, atknow~edged to and before me that she executed sa:d instrument freely and volun- ~ !arily and without any compu~sion, constraiM, apprehension, w fear of or from her said husband. ~ WITNE55 my hand and off~c~al seal nc~s_ 9th da of `jul 1 A. D. 19 73 ~ ~ ~ ~ ! / ~ t _ Notary Publit in and for the te of P iti~ ~t tsrge My Comm~ssion expires: . ~ - - ~ i ~ Return To: NOTARY PUBWC~STI~TE o/ FlOR1DA at LARGE Ferst Federal Savings S Loan Associat:on 2~54~Y COMIAISSJ(~N .~lf~PiprS ~~C. 2q. 1975 O( Fort P~erce- ~ ~~<~0_T(n~ t:,n --7-:~.. i Fort Pi~rce, Flor~d3 ` • _ ~ _ ~ r, e_ ~ . _ fIIED AMO AECORDE~ j - , ' ST. LUC~E COUNtr FLA. - - , - _ ` P John W. Collins ROCER ~OtTRAS . . , ~ - This Ir~strument Pre ared e~ CIERK C,FCUtI COURT ' First Federal Savings & Loan Association RfCORG v~k!=1E4.~~ ~ of Fort Pierce, Flotida °x ,1w.10 3 34 PM'~~ r« Checked By ~ ~~o ~ - j s ~ eooK216 ~ACE 58p ~ ~ ~ . _ , ~ ~ - - - , w ~ __-Y ~'.:u' i _ ~f fi~ 6 ~.F .~.~~m-~: ~r` °n._ - r.-~ x -..,z 4a~'.... _ . r,.~ ~~..~z`~`~~.