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HomeMy WebLinkAbout0798 J. To plece and tontinco~sly ieeep on ~}~e bui'd~~u~s now or hereaftrr ~~tua~e on se~d ~and and on all eq~~p~nem and personally cove~~d by this mortg- sge, w~th all pr~n~iums thrreon pa d m tull, I~re insuren:r in the uwal sto~~e~d pofc~ lo+m, in a sum approvhd b~ the MOR~G.ZGEF, a~~d winds~orm inivrante in Iha usuat standard po!.Cy lo~rn, in a su~n app~oved by the MORiGAGEE, in futh iompany or tompan~es as the MORIGAGEE may direU; and all fire and w~nds~orm insur.nce policma on any of said b~iid~ngs, any ~nterest therein or pa~t ~hrrrof, in the agg~ega~e sum aforesaid o~ in eaces~ lharrpt, shall comain ~he usvaf stan:l~rd mortgagee deuse w such orher ~Iause as the Mo~~gagre may .equ.rs, making th~ lois under ~a.d poli- c~es, each and every, payahte to said A~ORTuAGEE as ~~s imrrest may aypear, acd each and e~ery i~ch po!~cy ihd11 b! prpmplly ass gnrd and del~vrrrd ~o any held by sald I,IORIGAGEE as tunher security ro~e~d ~~:ur~yage dabt, and, nof less than een (I01 daya in ad~ance of The e+epira~~on of each poGcy, to da I~ver to said MORTGAGEE a renewal the:eol, togeiher wiih a rece:pl to~ tha pre~nwm of such renewal; ano there ahafl be ~o (~re o~ w~nds~o+m insuronce placed on any oi said buitdings, any intereil therein w parl thcreof, un~ess in ~he form a~d wi~h the ~oss payabte as eforeia~d; and in the rvent any sum of mooey becomes payable undrr such policy o~ pofcies sa~d MQRIGAGEE shall have the opt;on ~o rece~~e and apply !he sa~~~e on acco~~~t of ~he indebtad- ness sec~~ed hereby or ro pe~mit ~a~d MORiGAGORS to recrive and we i1 or any part thrreof lor o:r.••r pur, osrs, t..~~~~..:t ~h: r~ o+ ~~~~p.,~~- ing any equ~ty, IfM p righl uncler or by virtue of this mortgage; and in the event sa~d MORTGAGORS shall far any reason fa'e) to keep ~he sd~d prrm~s~s so en~ured, w fai! !o deliver p~pmplly a~y of sa~d pohciee ol insurarKe to said MORTGAGEE, or fail promptly to pay +u1iy any pre~~~~~m theirfo~ or in a~y respect fail fo perlam, d~scharye, execute, elled, completr, cocnply wirh arx! abide by th~s cove~am, w any part hr~eof, sa~d MGRTGAGEE may piace a~~a pay for such insur~nce or any part th~reof wirhout waiving o~ affecting any opt~on, tien, equ~ty, or ri~ht under or by virt~e oF this Alortgage, and the iull amo~nt of each and every such paymeN shall be inunediately due ane! payable and shall bes~ interesl irom the date thereof uniil pa~d at the rate ol nine pe~ centum per annum and to~ethrr w~th such inte~est shail be secwed by the tien of this mortgage. I. To perenit, commit or suifer no waste, impairm~nr w derenorarion of said property w any part thereof. S. io pay aH and singuljr the cos~~, charges and eipenses, including a reasonable attorney's (ee and costs of abstracts of titte, incvrred or paid at any tima by said MORTGAG:E, because or in ihe event oi ~he failur~ on the part oi the said MORTGAGOR to duly, promptly snd fu11y perfam, dbcharge. axecute, ef(ect, canptete, comp}y w~~A and ab:de by each and every the stip~fahons, agreement~, conditions, snd covenants of said pro;nissory note and ~h~i rnurtgage any or e~ther, ai~d aa:d costs, charge~ and eapenses, each and every, shall be immed~ateiy due and payable; whe~her or not these be not~ce da mand, auempt ro colt~l or suit pend.ng; and the futf amount of each and every such paymem shafl bea~ int~rest from the date thereof umil peid at fhe r.:r~• os n~~re per car.ru~n per a~~nu:»; and aU sald costs, charges and expenses ~ncurred a paid, togeiher wah such in~erest, shall be secured by the lien ol th~s mortgage. - 6. That (a) in the event of any b+each of this Mortgage or default on the part of the MORTGAGOR, or (b) in the eve~t any of sa~d sums of money here~n referred to be nat promptly and fully paid whnin ihnty (301 daya ~xi attc•r the same severoEly becon,e due and payab~e, withou~ demand or notite, or (c) in the event each and eve~y ~he sGpu'at~o~s, agreements, cond~siony and covenants of sa•d p.omisso~y ~ote and th~s mortgage any or e~ther are not ~uly, pr«np?ly and fully performed, d.scharg~d, execvted, ei~eded, compteted, compl~ed with and ab+ded 5y, then in rfher or any such event ~he sa~d ag g~egate sum me~fioned in said p~omissory note fhen remaining ~npe~d, with interest accrued, and a11 moneys secured hereby, ahall become d~e and pay- abie fo~~hw~th, a thereafte?, at the op~~on ot said MORTGAGEE, as fully and comptesety as if all of the sa~d sums of money were or~g~naily sr~pu;ated to be pa~d on svch day, anyth;ng in sa:d pro,n;ssory note o~ in this Mortgage to the conrre.y notwlthstanding; and ~hereupon or thereafter at the opuon of sa~d MORTGAGEE, without noirce or demand, suit at law or in equity, therefore or thereaher begun, may be prosecuted as if all moneys secured hereby n_d matured pnor to ~ts institution. 7. That in the evene that at the beginning o! or at any time pend~ng any auit upon this Mortgage, or to foreclose it, or fo refo.m it, or to enforce payment oF any ciaims hereundrr, said MORTGAGEE shalt apply eo Ihe Co~rt having ~unsd:tt~o~ thereof for the appoi~tment of s Receiver, such Coun shail forthwith appo~~t a receiver of said mortgaged property atl and singutar, i~clud~ng atl and imgujar tFre income, profda, issues and revenues irom whatever source derived, each and every of wh~cfi, it be~ng expressiy understood, is hereby mortgaged as if spec~iically set fwth and described in the g•a~ring and haixndum clauses hereof, and such Receiver shal! have alt the broad and effective funct.ons and powers in anyw~se entrusted by ~ Cour1 to a Receiver, and s: ch appo+nrment ahal! be made by such Covrt as an admnted equity a~d a matter of abso~ute rght to said MORTGAGEE, and wiiho~t reference to the edequacy a inadequacy of the va~ue of the pro~erty mo~tgaged or to the so,vency or ~nsoivency of aaid MORTGAGOR or the defenda~ts, and ihat such re~,TS, profits, incame, issues and revenues shait be appi~ed t,y such Receiver acco~dmg to the lien or eq~ity of sa,d MORTGAGEE and the practice oi such Court. 8. To duly, promptly and fulfy perSorm, d~scharge, e:ec~te, effect, complete, co~nply w~~h and abide by each and every the atipu~ations, agreements, cond~tiqns and covenants in sa~d promisso:y note and th~y mortgage set to~th. 9. That in the event the owre~shin oi the mortgaged premises, or a~y part thereof, becomes vested in a person orher than the MORTGAGOR, the :•ORTGAGEE, its successors and asstgrts, may, wi~hou~ no~~ce to the MORTGAOR, deai with wch successor or svccessor in interest wi~h reference to th~s ~~o•~gage and the deot hereby secured in the same manner as wi:h ~lortgagor without in any way vitiating or d~scharging the Mortgagors' liability here- ~~der w upon rhe debt herehy sec~red. No sate of tt:e premhes hereby morf~aged and no fa~bearance on the pan of the /AORTGAGEE or its successors e~ ass~gns and no eztension of the hme ior the payment oF the debt here6y secured given by ?he fdORTGAGEE or its successws or ass~g~s, s~ialt operate ~o re~ease, d~scharye, mod~fy ci+ange or affecr the orlg,nal I~a~~lrty of rhe MORIGAGOR he~ein, either in whole or in part. 10. It is speuficaity agreed rhat time is of the essence of this cororact and tha~ no waiver of any obt~gation hereunder or of the obligation se- cured heroby shall at any time tnereafter be hetd ro be a wa~ver of fhe terms hereof or of the insrrumem secured herby. 11. In add.tio? !o t%ie fcrego ng month!y paym_nts of princ aal and inrerest req~~red by the prom:ssery r.ote secured hereb~, mortgagor eovenants d agrees to pay ro mo-tgagee v~drh each m.a~rhiy pay.;~enf an add~r:on~! s~m est~mared by mortgagee to ba equa! to i! 12 01 the ann~ai cosr of ine io:iow- r:g: A-Atl real properry taxas ievie~ or ass,~ssed ag ~~•~st nc~ above desvi~ed real esTate. B-Pr~m~ums on f~re an~i w~nditorm ins~rarc~ as here~n req~;red to be carned en the improvemenh sifuate on She above dsscribed premises. C-Pre~r~:u~^s on wrh mo~ tg;ge guaranty i~svra..ce as mo~tga~ee snall f~c~r r me to tnr.~ deem fit to ta~ry on the loan sewred hereby_ Mortgagee sha'! ~rom time to time noti`~ mor~yagor in writing of the arr.ount du? and payable hereunder and such s~m shall thereupon be due and r.+.abEe on the d~r da+~ oi rhz next montn:y payTent and e.+ch successive mon+h thereaftcr ur.~il mortgagee shall nor;fy mortgagor oi a change in such ~-ounL Such sums shai! be app:~_d by mo~tgag•_e toivard 1he ~~aymeni of real property laxes, insurance prem;ums, a~id mortgage guaranty inwrance ; ~em~ums. IN \vlTNESS VJHEREOF, the said MORTGAGOR has hereunto set his hand and seaf the day and year first aiwesa~ ~.Signed, Seated and delivered in the presence of: ~ i - ~ '~t `F F-: . B~~ k slee,~ ~ (~a,~, c5ee.) - al) . ~ f ' s hine C. Blakeslee ~~ai~ S ~ ATE OF F10RIDA ~ $L , l.uC 1Q u' ~OUNiY OF ~ ~ { Before me peno~ally appeared F• v. Blakeslee a~d ' Jose hine C. Blakeslee h;s w:1e, to me well known and known to me to be ` rhe individua:s described in and who executed the foregoing instrumenL and acknowledged before me that they executed the same fq the purposes rhere~n expresxd. And the sa~d Josephine C. Blakeslee r~~fe of the sald ` Blakeslee l~''' v~drl a ~epara te ~'9rivate e¦am~nat~on by me taken separate and apart fram her sa+d hosband, atkno to and before me lhat she executed said,~strurbent f~,~l~~ (~Ju~r ~i•~ly and w~thout any compu!sion, constraint, appreh r,fear of or irom her husband. • ~ II~ ~ ~ ` WITNE55 my hand and offidaf seal this_ ~day of `july t•' •••~.A, p~J9~~ ~-''XJ - -'ti-v(l:. ~ ~ Notary Public in ane for the Stale of`,fb~la'¢ J,a/~ , - My Commiss'ror~ expi?es: ~ • ~ ~ ~ : ~ ~ ' ' : Return To: ; ~ • ' i Firsf Federal S~vings a loan Assxiat~on Of Fcrt P crte. ' , „ ~ . Fort Pr~>rce. Florida r . . . j ; . . . : . . _ _ . _ ~ 7his tnstrument Prepared 8y Gary F. Ell~rood F~LED dNp QF~pRO~ ~ F+rst Federal Savings 8 loan Asso:iatian st ~~~~E CO~MTr F~,~,• ~6~3 ROCFR r^ of Fort Pierce r Flozid2? CLERK Q+TRAS ~ REC',Fb v C~ ~~ED ~OUAt(~ ~ CF~ecfced By t~- _ "~.a`. ~ Jui 11 919 p~ ~T3 ; ~L2~ 216 FACE 798 z ~ _ _ - - - - - , Y . ~ ; Y~ [`1~ ~z~"~ e~. !'.'.iN»:~ i u ~Y ~ . _ . F ,w't ~ . R,