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HomeMy WebLinkAbout1300 3. To place and continuously keep on the buitdings now o~ hereaf~er ~ituals on said land and on a11 equipment ~nd personally cove?ati by tfii~ matg- y~, with al) premiu~ns thercp~ pa~d in full, (~re insu~~nce ~Fx usual uandsrd pol~cy fam, in a sum approved by the MORfGAGEE, and windsrorm iniurancs in Ihs u;~ai ~tandard pol;cy (orm, in •~um approved by tM MORTGAGEE, (n svch company or companief as tM MORTGAGEE may dinct; ~nd aN fin and winditorm inswance policies on any of uid b~ildinps, aey interesl lherein or parl thereof, in ~M aygreyate wm afo+etaid o~ in ~xceu ~heraoi, sMll contain the usual sundard morrga9ee claus~ a such o~her cl~uss ~s tF?~ Mwtyagc~ msy requ~~~, maAinp the loss unde+ sa+d pol{- cirs, each and every, payabl~ to i~~d MORTGAGEf ~s its i~tereit may appear, and each and every wch poliq shall be promp~~y ass.gned and delivered ~o any held by satd MORtGAGEE as fur~her iecurity to ia~d m«~gage deW, ~nd, rtol leu ~han ten (101 days in ~dvancs of the expiratiw~ of e~ch policy, to dh liwr to uid MORTGAGEE a rtnawal thereof, toqe~hK with ~ receipt tor the p~emium oi such renewal; and ~he~e ~all be no fire or winds~erm i~surante p~~ced on any of said buildi~ys, any iniereu theie~n a pan thereoi, unie~s in ~ht form and w~th tM lou payable ai ata~s+idj a?+d in the •vanl any ium of monty becanet payable unde~ tuch poticy or policies taid MORTGAGEE ahall have ~hs option to receive a~d spply Ihe tana on account oi the indabtcd- ~eu securQd hereby p b ptrmif ssid MORTGAGORS ro receive end us~ H q eny pert thereot fpr other pwposes. ~~~~hout t~ereo~ waivi~~g or ~~npair- iny a~y equity, lien w riqh~ vnder o~ by virtu~ of this morsyage; and in 1M event sa~d MORTGAGORS shall fa any reawn fsil to keep the said premises w ~~sured, w f~il ro deliva promptly ~ny of isid pol~cies of insurance to said MORTGAGEE, or fail promptly 1o pay tutly any pr~~nium therefor or in a~y ~eipect fa11 b psifornL dischargs, execute, e(fact, canplere, comply wi~h and ab~ by this covenant, a any parl herw(, uid MORiGAGEE m~y pf~ce a~~d - paY fa suth insurance or any part thereof without waivin~ a af(acting ~ny option. li~n, equity. o~ right under a by virfue of ehi~ 7~~wtgsps. ~nd the full amount of each end every such paymen! thall be immcdialely dw and p~yabl~ and shall bear ioterest irom IM date Ihereoi umil paid at tM rat~ ol nine pa tentum pet annum and to~ether with suth i~~teres~ ihall be secured by tM lisn oi this matya~e. , 1. To pe~mit, commit w suffer no waste, impairmeM or defe?aration of iaid property a~ny part thereof. 5. To pay all and sirgul~r ths cwta, tharges ~nd eapenses, including a ressonable •ttw~ey i(ee snd wsrt of abstrads of title, Incurred w paid st sny tims by sa~d MORTGAGfE, because w in the erent of tM failurs on ~he paA o( 1hs taid MORTGAGOR to duly, promptly a~d futly psriwm, d~uharg~. execute, efiecl, completa, comply with and ~b~de by each and every the stipulations, agreemenb, conditions, and cove~ants of said promisso~y note and thii mwtgago ~ny w either, snd sa~d cosn, chargea and expensas, each and wery, slull b~ immedi+tely di;e and payable; whethe~ w not there be ~otrce da mand, attempt to rnlkct w suit pend~ng; and the futl amovnt of exh and every wch paymeof ihall bear intcres~ from the date thereof umil paid at the rate of nine per centum per an~~um; and all said costs, charges and e:pe~ses inturred or paid, togetAer w~th tuch inte~esL ~hall be secured by the lie~ of thi~ mort~a~f. ~ 6. That in ~he event of any breach of Ihis Mortgage or default on tM part of the MORTGAGOR, or (b) in tF~e event eny of satd tums of money herein referred to be not promptly a~d fully paid witnin ~hirty (30) days r+ext after the seme severatiy becorne dve and peyable, without demand o+ notice, or (c) in fhe event each and eve~y fhe slipufations, sgreementi, cond~tions snd coven~nts of sa~d promisso~y note and th~s mwtgage any w either ~re not ~uly, promptly and fully perfwmed, d~scharged, executed, eifected, completed, complkd with and abided by, tfien in either or any such event the s~id ag gregata sum mentioned in said promiuwy note then remaining unpaid, with interest acuuad and all moneyi tetured he~eby, shatl become dw and p~y~ abte forthwith, w thereafte?, at the option of said MORiGAGFE, u(u11y and completely as if all of the said suma of money were a~g~nslly ~t~pulatcd to be pa+d on such day, anything in sa:d prom~ssory note or in this Mwtgage io the contrery ~otw~rhstancfing; and thereupon w lhe~eslt~r at the opnon of sa~d MORTGAGEE, withovf notice w demand, suit at law or in equity, therefae a Iherea(te~ begun, may be prosecuted ss if all moneys sacured hereby had mawred pnp to its imritutio~. 7. That in the event that at the beginning of or at any tirrk pe~ding any suit upoo this 14Fwtgege, or to fo~ec~ose it, w to reform b, or to c~fwcs payment of any claims he~eunder, sa;d MORTGAGfE shall apply to the Court having jurisd~aion thereof for the appo~ntment of a Receiver, wch Covrt shail Forthwirh appoint a receivc~ of said mortgaged prope?ty all and singular, inclvd~ng aIl and singvlar the income, p~ofits, iasues and revenues from whatever source derived, each and every of whfch, it be~ng exgressly unders:ood, is he.eby mw~gaged as if spec:fically sN fwth and deu?ibed in the grsnting and habe~dum clauses hereof, and such Receiver shall have all the b~oad and effective funcno~s and powe~ in anywise entrusted by a Court to a Reteiver, and a~ch appo~ntmeN shall be made by such Court as an admitted equity a~d a matter of absolute ~:9ht to said MORiGAGfE, and without refere~sct to the adequacy or inadequacy of the valur of the prope~ty mo~tgaged or 1o the so~vency or inso~vency oi uid MORTGAGOR a the defendants, and that such renrs, profiri, income, iuucs snd rever.ues slwll be a~plied by such ReteivN accord~ng to the lien ot equity of said NIORTGAGEE and the practice of such _ Court, • 8. To dufy, promptly and fully perform, d;scha+ge, execute, ef(ed, complete, comply with snd abide by each and eve?y the stipulatims, agrecments, conditio~u and covenants in aa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part the~eof, becomes vested in • perion other than the MORTGAGOR, the MORTGAGEE, its succeuors sad assgns, may, without norice to tlf. MORIGAOR, deal with such successor or wccessor in interest wi~h reference to ~his mortgege and the debt hereby setured io the same mannpr as with Mortgaga w~thout in any way vitiating a d~stharging the Mortgagors' liability F?ert _ under p upon the debt f~eby secured. No sale of the premixs hereby mwtgaged and no fwbearance on the pait of the MORTGAGEE Or its successon or assigns and no extension of ti~e t;me for ~he payment of the debt hereby secured given by the MORTGAGEE or its successus w ass~gns, .full operate to release, discherge, motlify change or aflect the orig~nal liability of the MORT^vAGOR herein, eitht~ in whole or in part. 10. It is specifically agreed tha~ time is of the esse~ce of this contrad and that no waiver of any obt;ga~~on hereunder a of the obligetion se- cured hereby ahal! at any ~ime thereafter be held to be a waiver of the terms hercwl p of the instr~ment secured herby. 11_ In add:tio~ to the forego:ng monthly paymsnts of princ pal and inrerest required by ihe promissory no!e secured hereby, mortgagor covenants end agrees to pay to mo:tgagee with each monthly payr.~ei~t an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-A!~ rea! property taxes levied or assessed against the above destribed real estate. 8-PremSurns on fire and windstorm insurance as herein requ~red to be carried on the improvema~ts situate on the a'oove described premises. C-Premivms on suth mwtgage guaranty insuran~e as mortgagee shall from t~me to time deem fit to carry on the toan setured hereby. Nlwigagee sfiall from time to time notify mortgagor in writing of the amou~t due and payable hereunder and such sum shafl thereupon be due and payable on the due date of the next month:y payment and each successive manth thereafter ur,til mortgagee shall notify mortgagor of a change in such amouN. Such svms sF.atl be applied by mwtgagee toward the payment of real propeny taxes, ir.surance prem:ums, and mortgage guaraniy insurance p~emiums. ~ \YITNE 1HER~ ?h said MO G R has hereuMO ut hls hand and seal thc day and year firsf afores(i!!~ , gned. Se and liv i e nte fc ~ ~ ~1 i en - i ; ~ cs~,n cx•~ ' n-.o . k STATE OF fIORIDA ~ ` COUNTY OF _ St+• I11C~ ~ ~ Before me penonally appeared N8ti~1821~A1 r'jOITiH and ~ Patrieia Horria his wiie, to me well 4rawn and known to me to be ~ the individuats desuibed in and who executed the fpegoirtg in:trument, and acknow)edged befwe me that they executed the same for tFx purp~ues ~ rherein expreued. And ihe said ~t'!'~Cia ~~I`T~8 i .~ifa oI the said N8ti~1ffiI~B~. rI01'1'~8 opon a upa~ate and pri~ate e,cam~nation by me taken xparate and apart from her said husband, acknowledged to and `before me thst she exetuted said instrument ~reely and volun- ; rardy and without any computsion, consrraint, apprehens;on~ fear of a from her said husband. ' t ~ WITNESS my harid aRd efficiaf seal this_-T~ day of A. 0. 19 ?3 i 's' Notary Pu in and for the Stafe of Fbrida at Large ~ Rdum To: My Com ion expires: ~ 6, !p 7.~ , ? first Federal Savings 3 loan Aasociation Of Fort P~erce. • • , ~ Fort Pierce, Florida , • ; . ` ' fILEO A~1D RECOADfO ' fT.IUCIE C41JN1'Y Fu, ~ . ; ' • ROCEr r01TRAS ~ ~ - : . CLt"RK ClnCUlt COURT 7his Instrument Prepared By i~i. E. Bl~8UD : - ~ RECOR~ YE~~=i~D~„~ First federal Savings 8 loan Association " , , of Fort Pierce~ F101'id8 • : J~~ ~ ~ 9 3~ '73 . ; Checked By ~ 9 ~ 259032 600x~.tV PACF~.vtlO ~ ; - - - - li ~ ~ a ._r ' ~ ~.r _ ~ ~ , , - _ ~ . . _ _ . _ , . . . - uw9.,;.'~_'~~~;~Tw