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HomeMy WebLinkAbout1536 3. To ptace end continuously keep on ?he bui!d~ngs now w hereaitsr si?uate on sa~d land and on all equipmem and per*onaity covered by thia marg- sgs, wilh atl premiums thereon pa~d in f~ll, fi~e insurance in ehe usual s~andsrd poticy lorm, in a aum spproved by the MORIGAGEE, and winds~orm inavrant~ in Ihe vsual itandard pol:cy ~a~n, in a ium approved by the MORTGAGfE, i~ iuch company w companie~ as ~M MORiGAGEE m~y dir~ct; and all firs and w~ndstorm insurance policies on any o/ iaid bui~d~~+qs, ~ny i~reres~ ~herein oa part thcreol, in Ihe agyrepste ~um ~Iweuid a In txcet~ IAcaeol, ~haU conta;n the uiual standud mor~yage~ clause a such ahs~ daus~ ~f the Mortgage~ may rcqu~r~, ma?in~ the loss under sa~d polF ciea, each and every, payable to ia~d MORTGAGEE as ~tt interest may appear, and each and eve.y such poEicy ~hatl be p~ompriy ass gned and del~vered to any he(d by said MORfGAGEf at (urrher secu~ity fa taid mortgsge debt. and, not lets than ten (10) days in sdvance of the eapiralion oi each polity, to da i~v~r to taid MORTG:.GEE a renewal thereof, ~ogetMr with • rece~pl (o~ Ihe prNnium of such re~ewal; and the~t ihatl be no f~re or w~ndsto~m in~u~ance p~aced on ~ny of s~id buildings, ~ny interest ~Fxrein or par~ ~Aereof, unless in tla (o~m and w~fh the losi payable aforesaid; and in the event any sum oI mon~y becomes payable unde~ iuch policy w poGcies sa~d MORTGAGEE shatt have ths option lo receive and app!y Ihe same on account ol Me indebred- i nesa secured hereby or to permit aaid MORTGAGORS to rcceive and us~ it a any pa~t thereot for other purp~ses. ~•.:tho~r th~~~u~ w~ivi,~3 u~ u~~p.:ir- ' i an u~t , lien or ri h1 undr w b vhtue ot Ihis mo: t a e; and in the even~ sa~d MORTGAGORS shall for an reason fai~ to kee the said remiszs so ' ^9 Y tQ Y 9 Y 9 9 Y P P ~ ~nsured, or fail fo delivor promptly ~ny of said policies ol insurente to s~id MORiGAGEF, w fait promplly to pay fully any pre~n~um therefw a in a~y respect fait to perfwm, disch~rge, ezecute, effect, complete, comply with and abide by this covenan?, w any parl ha~eoi, sa~d MORiGAGEE may place an0 ( pay fa such insu~anca w any part thereof without waiving or affecling any oplion, tien, equ~ty, o~ r~9M under or by virwe of this Mortgaye, and tht f full amount of each and every such paymem shall be immcdi~tely dw ind payable and shall bear interesr from ths da~e the~eof uniil paid at the rate ol ~ nine per tentum pet annum and togethet with such inte~oal shali tx aeturad by the lien o1 thit mortgage. 1. To permit. commit ot suffer no ws~te, impairment w dettrioration of said p~opetry a any Fart thereof. 5_ To pay all and singular ths costs, charges and expenus, i~cluding a reaso~able attwney i fee and costs o( abstrotls of titlo, incurred or paid at any time by sa~d MORTGAGEE, because or in the event cf the fa~lure on the part of the seid MORTGAGOR fo duly, promptly ,nd fully perform, d~uharge. e,ecuts, effect, complere, comply w~th and ab~de by each and every ~he supulat~ons, sgreemems, conditiona, aod covenants of said prom~sswy note and this mortgage any or either, a~d sa~d costi, charges and eapenses, each and evc?y, ahall ba immed~stely due and payable; whether w not rhere be notice dr mand, attempt to collect or suit pend+ng; and the fv!! amount of each ind eve~y such paymen~ shall bea~ interesl f~om the date the~eof u~1i1 paid at the rare of nine per centum ~r an~ium; and all said costs, charges and expenses incurred u paid, together w~th such interest, shatl be secured by the lien of this mMfg~f. 6. That (a) in the event of any kxeach of this Mortgage or detault on ths part of the MORTGAGOR, or (b) in the event aoy of sa7d sums of mo~ey herein referred ~o be not promptly and futly paid within th~rty (30) days next after the same sevcratly beca+ae due and payable, withou~ demand or ~otite. or (c) in the event each and every the stipu:ations, agreements, condirio~s a~d covenants of sa:d promissory note a.~d }h~s mor~gepe any or ei~her a~e no1 A iuly, prompdy and futly performed, d.xharged, execWed, effected, compkted, complied w~th and abided 5y, then in either o? any such evem the sald ag gregate sum mentioned in said promisswy note then remaining unpaid, with in+erest accrued, and alI moneys setured hereby, ihatl Eecome due and pay~ ebte fo~thwith, or thereafter, at ~he opt~on of sa~d MORiGAGFE, as fu11y and completely as if all of ~he uid sums of money were w~gin~l~y st~pu:afed ro be pa~d oo sucti day, anything io sa;d promisswy note or in this Mortgage to the contrary notwithstsnding; and thereupon or thereafte~ at Ihe opt[on of said MORTGAGEE, withoul notice or demand, suit al law o~ in equ~ty, therefwe or thereafrer begun, may be prosecuted as if all rnorseys setured hereby nad matured pnor to ns institution. 7. That in the event fhat at the beginning of or at any time pending any suit upon th~s Mortgage, or to fweciou it, w fo refwm it, o~ to enforce paymeM of any claims hcreunder, aaid MORTGAGEE shall appfy to the ~ourf havi~g jur:sdicfion thereof for the appointme+u o( s Receive?, such Court shall fo~fhrvith appoint a rece+ver of said mortgaged ptoperty all and singula?, includ~ng all and singular the income, prof~ts, issues and revenues irom whatever source derived, each ared every of which, it being expressly understood, is hereby mortgaged as if speufical:y xt forth and destribed in the g?anting and habendum ctauses hereo~, and such. Qeceiver shall havr a!! rhe b?oad and effective funct~ons and powers in anywise entrusted by a Court to a Reteiver, and s::ch appointment shatl be made by such Court as an admined equity and a matter of absolu~e right tc sa~d MGRTGAGEE, and w+~hovt reference to the adequacy or inadeqvacy of the value of ~he property mortgaged or to the soivency or insolvency of said MORiGAGOR w fhe deiendants, and that such ren~s, profits, income, iuucs and revenues shall be appl~ed by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and futly perform, d~scharge, execute, effed, complete, comply with snd abide by each and every the stipvlations, agreemenls, conditiona and tovenanrs in uid promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged p~em;ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~'ORTGAGEE, its successon and ass~gns, may, without no~~ce to the MOR:GAOR, deat with such successw or successor ~n inte~est wirh reference to this mortgage and the debt hereby secured in the same manner as with Mortgago~ withouf in any way vitiating w diuha~ging Ihe lllortgagors' liabitity here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o Forbearance on the part of the IAORiGAGEE or its successors or assigns and no exte~sion oF the time for the payment of the debt hereby securtd given by the MORTGAGEE or its successors or auigns, aSwll operate io release, d~s~harge, modify change or ~affect the orig~~aT liabil~ty of the MORTGAGOR herein, either in whole a in part. 10. h is speu(ically agreed that time is of the essence of this contract and that ~o waiver of any ob~igation hereunder w of the obligaf'wn sr cured hereby shatl at any time thereafter be he~d to be a waiver of.the terms hereof w of the insrrument sec~red he+by. I1. In add:tion ro The forego~ng monthty payments of princ'pal and interest required by the promissory ~o~e secured hereb~, mortgagor covenants ; and agrees ro pay to mortgagee v~ith each month!y payn~ent an add~rional sum estin,ated by mortgagee to be equal to 1;' 12 oi the annuat cost of ~he follow- ing: A-All rea~ prope~ty taxes levied or assessed ag~i~st thc above described reat estate_ B-Premiums on fire and windsrorm insurar~e as herein requ:red to be carried on the ~mProveme~ts situate on the above described premises. C-Prem~ums on such mortgage gua~anty insurar.ce as mortgagee shail from t~me to time deem fit to carry on the ban secured hereby. ~ Mortgagee shall from time to t~me not~(y morTgagor in wr~t~ng of the amo~nt due and payable hereunder and s~ch sum shall thereupon be due and Fayable on the due date oi the next month:y payment and each successive m.onth thereafter ur.dl rtwrtgagee shall notify rtwrtgagor of a change in such ; a~*,ount. $ach :ums sFall be applied by morrgagee toward the paymertt of real preperty taxes, iosurance prem:ums, and mo~tgage guaraMy insurance p~emiums. IN Y~tTNESS WHEREOf, ihe MORTGAGOR has hereunto sat his hand and seal the day and year first aforeuid. Signed, Sealed and deli ed in the presence of: tfr y A. ou ass ~a~ ' ~ Seaq ~ ~ ~ L 1 s I C ~ ~ - (Sea4 ; sQ E STATE OF FLORIOA ' ` SL. LuCle ~ SS_ t ' CQUNTY OF ' i Before me rsonaU a Jeffrey A~ r Pe Y PPeared ~O11QIaS5 and ; ~8T111@ j.~ ~0~2 IaSB his wi1e, to me well known snd known to me to be t t the individuals destribed in and who executed the foregoing instrument, and atknowtedged before me that they executed fF~e same for the purpozes : ~herein expressed. And the :a~a_ Dianne l.• Doua2ass : ~ «~fe of the ~;d _ Jeffzev A. '~pL1Q1835 upon a separate and private : r examinaYon by me take~ separate and apart from her sai acknowledged t we mN that she executed said instrumem 'reely and volun- } ; rari{y and without aAy comp~!sion, constraint, apprehe~s'yn, ~r ~ f w aid hus nd. ' , WITNE55 my hand and oftic~al seal this y of L~ ~ A ~ o. tv~.~ - ~J C~ ` ~ Notary Public in a for the StatC ot ~jd~•at La~g ~ ' My Commiuion expires: - Q- : t'~. Return To: . _ ` , ~ y first Federal Savin gs b Loan Associat~on r- v~ _ Of Fort P e,ce. • t(fEiE~ ~t(~RGE - ' Po~t Pierte. Florida L~..~ ~ - : ~Jy ~ ` J ' ~ ; ~ ; ~ r : . } ~ This Instrument Prepared By J. Hal Robert s, 1r, 259191 " ~ First Federal Savings & Loan Association f1LED qK~ ~ of fort Pierce ~ Flori da sT• ~UCt~ COUhTr i(,j . ~ CLERKCFR POITRAS _ Checked By pFr,aRO vfA1~iF~ COUqr ~ ~ ~ 1 ` ~ o~s~~~~ ~~e~? g 8 ie AH'~3 - ~omc~..~~u -~ar,; ~ ~ r _ ~K~,. _ _ _ - - - - - ~ ~ r ~ u~. . _ ~a~._. , .._M~