Loading...
HomeMy WebLinkAbout1544 3. To place and conr(nuously keep on the bui:d~nqa ncw or hereafier siwa~e on sa~d I~nd and on ail equipment anJ perso~atiy co~ered by this mor~g- ags, with all prem~um~ thrr~on pa~d in iull, t~re insu~ance in the usual star.derd poticy form, i~ a wm appioved by ~he MORiGAGEE, and windstoim inswtnt~ ln tM usw! s~~ndard pol;cy fam, in a sum approved by 1he MORTGAGEE, in luch company w tompan~e~ as the 11lORTGAGEE miy di?ec1; and ait fire and w~nJ~iorm insurance pof~c;et on any of iaid buiid~nys, •ny inroreil lherein or part lhereof, in the aggregare wm a}oresald or fn excess thereo/, shaH coroain rhe vsual srandard margjgee clause a such mhs? daut~ as ~he Mor~yages may ~equ+ro, maki~ the to~s unde? sa~d pali- :~es, cach and eve~y, payabl~ to said A~ORiGAGEE as ~ts in~eresl may appear, a~d each and every ,uch Poi;cy shall be promp~ly ass gned and del~vrrrd to any held by said MORlGAGEE ~s further security to ssid mortgaqe debt, snd, not teit than ten (10) days in advance of 1he expiralion of each polity, to da I;ve~ to seid MORTGAGEE a renewai thereof, toge~Far with s rece7p~ fw ~he premium ot such reoewal; and ~here shall be no t~re or winds~o+m insurance placed on ~ny of said buildings, any intereat theiein or part ~hereof, unless in tFk fwm ~nd wi~h ~he loss pay~ble as a(wesaid; and in the event any ~um of money becomes payable un~r suth policy or policies said MORTGAGEE shall have the option ~o recaive and apply Ihe ~ame on accounl of Ihe indob~rd- ness secured hereby w to pe~mif ssid MORTGAGORS to rece~ve and use i~ w any pa~t ~hereof fo. oti~cr pu~F~oe~s, v.~iho~f ~h-~. u~ wa~~~ ~3 or ~~npa7r- ing any equ~ty, I~tn o~ ~~ght w+der or by virtue of tAis mavrgage; and in the event sa~d MORTGAGORS shall fw any reason fail to keep the aaid premis<• ~o insured, w fail lp delive~ promptly any of said pol~cies of insurance to sa;d MORTGAGEE, w fail promptly to pay fuIly any pre~nium therefor or i~ any respecf fail ro perfam, d~scharge, exec4te, effect, complete, comply with ar.d abide by th~s cove~ant, u any pert hereof, ~a~d MORiGAGEE may piace a»d pay fp avch irtsu~ancs o? ~ny psit the~eof without waivir+g or affec~irg any op~ion, l;en, equ~ty, or right undr w by virtue of this Mortga9e, and the full amouM of each and every such payment shatl be i~nmcdiatety due and peyabte and shall bea: interefl from tha date Ihereo~ until paid at tha rate o! n~ne per tent~m per annum and to~erher with such inrorear shaN !x secured by the lien of tAis mort9age. 1. To permif, commit or sutfe? no wasts, impsirmenf w detcrioration of said properfy w any part thereof. " 5. To pay all and singulsr the costs, charges and expenses, including a reasonable a~ewney'a fce and costs of abstracts of ti~le, incurred or paid at e~y time by soid MORiGAGfE, bccause or in 1he event of the tailwe u? the parl o( the said MORTGACaQR to duty, promptiy and fu1ly perform, d~scharge, e¦ccute, e(fect, comptete, comply w~th and ab~de by each and every ~he stipu~ation~, agreements, cw~ditions, and cove~ants of sa~d p+om;swry note and ~his rnortgage any w ei~her, and u~d costs, charges and expenses, each and evcry, shall be immed~ately due and payabte; whether or not the~e be no~rce dr maod, attempl to co~lect or suit pending; and Ihs (uIl amouM o( each and every such payment shall beaf inferesf from the date thereof ~ntil paid at the rare o~ nine per centum per anuum; a~d alI said tosts, charges and expenses incurred o~ paid, togetFxr w~th such interest, shall be secured by the lien of this mMfgM)Q. 6. Thst (a) in the event of any breach of th~s Mwtgaga or default on the part of the MORTGAGOR, or tb) in the evenf any of sa:d sums of money he~eia ieferred to be not prompdy and fully paid within thirty t30) days next afeer the same sererally become due and payable, without demand w oatice, or (c) in the event eath and every 1he stipulat~ons, agreemems, coodiiions and covenant: of sa:d promissory note and th~s morrgage any o~ either are nof ~~ty, promptty and futfy perFormed, d~uhargrd, execvted, effecred, complered, complied with and abided by, then in e~ther or any such evenf the said ag gregate sum mentaned in said pro~nisswy note Ihen remaining unpaid, with intere:t atcrued, and atl maneys secured he~eby, shall become due and pay- eble forthwith, er thereafter, at Ihe opt~on of said MORTGAGEE, as fuily and comptately as if a!1 of fhe wid svms of money we~e onginally tripulated to be pa~d o~ such day, any~hing in sa:d prom~ssory note a in this Morigage to the contrary no~wirhstand~ng; and thereupw~ or thereaftev a~ the opt~on of sa;d MORTGAGEE, without nonce or tiemand, suit at law or i~ eq~ity, therefore or thereafter begun, may be prosecuted as if all moneys tecu~ed he?eby had mawred pr~w to its ins~frution. 7. TAat in the event that at the beginning of or at any time pending any su~t upon this Mortgage, or to fo?eclose it, w to refwm it, or to enforce payment of any claims he~e~ruier, said h10RTGAGEE shall apply to the Covrt having jur~ad~ctio~ thereof for the appo~ntment of a Receiver, such Govrt shaN fcrthwith appoint a receiver of said mortgaged prope?ty all and singular, includ~ng all and singular ~he income, proi~ts, issues and revenues trom whatever source derived, each and every of which, it being expressly understood, is nereby mortgaged as if tpeufically set torth and described in the granting and h.~bendum clauses hereof, a~d suth Receiver shall Fwve alt the broad a~d effective funct,ons and powers in anyw,se entrusred by a Covrt to a Receivtr, and s~ch appointment ihall be made by such Court as an admined equ+ty and a matter of absolute right to said MORTGAGEE, and without ~eference to tF~e adequacy a inadequacy of ihe vatue of the property mortgaged or to the so:vency or insolvency of said MQRfGAGOR o~ the defendants, and that such re~rs, profirs, incorne, issves and revenues shall be app;ied by sucF~ Receiver accord~ng to the lien or equity ei said 1~10RTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, ef(ea, complete, comply w~th and abide by each and every the stiputations, agrcemenri, conditions and covenan~s in sa~d promisswy note and this mo~tqage se? fath. ~ 9. That i~ the event the owneiship of 1he mortgaged premiaes, o? any part thereof, becomes vested in a perwn other than the MORTGAGOR, the R'~OR?GAGEE, its successors and ass~gns, may, without r:ofi~e to rhe MORTGAOR, deaf with such successw o? successor in interest with reference to thia mortgage and the debf hereby secured in the same manner as wirh Morrgagw w~fhout in any way vit;ating w discharging the Nlortgagori liability here- under w upon the debt hereby secured, No sale of the prerr.ises hereby mwtgaged and no forbearance on the part of the MORTGAGEE a its successors or assigns and no ex~ension of the time iw the payment of the debt hereby secured given by f!u f~SORTGAGEE or its svccessors or ass~gns, s:~+all operate ro ~e~ease, d~scharge, modify change or affect the aiginal liab;lity of the MORTGAGOR herein, either in whole w in part. 1Q. It is spec~fically agreed +hat time ~s of the essence of this co~tract and that no waiver of any obligat~on hereunder w of the oblgation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured hertsy_ 11. In add:tio~ to the iorego:ng morohly paym_•nts of prinSpal and ir.terest requ}red by the p~om~ssory no!e secured hereby, mortgagor covenants ar.d ag.ees to pay ro rnorrgagee with each momhly pay~.~en~ an add~:ional sum es!<mated by mortgagee to be equal to 1;' 12 oi the anr,ua! cost of the fotlow- ~ng_ A-All real p~ope.ty taxes levied or assesscd agai~st thc above described real estate. ~ B-Prem~ums on fire and windstorm insvrance as herein requ~red to be carried on ti~e improvtments situate on the above described premixes. C-Frerr.iums on such morfgage guaran)y ir.sura.~ce as morrgagee shatl from t[m.e to time deem fit to carry on the loan secured hereby. Mwtgagee sha'! f.om t~~ne to time not~fy mortgagor in writ~ng of the amount due and payabte hereundrr and such surn shali thereupon be dve snd cayable on the due date of the r.ext month!y payment and each successive month thereafter ur.tii mortgagee shall not;fy mortgagw of n cbange in auch a~^ounf. Suth sums sha:l be app!ied by mortgagee toward the payment of real property taxes, i~surente p~em:ums, and mortgage guaranty insurante re miums. tN WITPJESS :'/H:REOF, the sa~d MORTGAGOR has hereunto set his hand and sea! the day and year first aforesnid. Signed, Seated and deliver in fhe presence of: - ' f ~ ~ ~ ~ " ~ l -~2. ~ s. ~-c~.« n _ ~ A ~ ~~-L'f~~.f ! / ,l~ ' N u.~ (Sesl) 1i ~r - (Seal) j - {Seaq E ~ ' S FLORIDA ' E St Lucie # ~ ; courvrv of • ; eefore me penonally appeared Karl Larsson ' and : ~ V11~1 T..dl'S501'1 his wife, to me well known and known to me to be ~ i ;he individvals deuribed in and who eaecuted the fwegoing instrument, and acknowledged before me that tF~ey executed the same for the purposes E therein expressed. And the sa~d v~~ ~rsson ; ? Karl Larsson - ,r.Ife of the said upon a separate and private 's. examination by me taken separate and aparl trcm her said huaband, acknowledged to and befoie me that she exetuted said inatrument freely and volum iarily and without any compulsion, constra~nt, apprehens~on, or fear of or from her said husband. ( y - t WITNESS my hand a:~d offiual seal this 13th bay o '~l A D..19 73 _ ~ . ~ ~ . Notary Public in e for the fe of ~ s.at~~ ~ ' ' ~ My tommisiron expires: ~ .j~. Retum To: . NOiARY PU~ tG, ~TAT~~FL~IDA~i1 k/1RS~E' first fcderal Savings b loan Associat:on MY C0~IMISSY(~i~Ek~JP.ES~~E~ 't975 Of Fort P~erce. ~ 259195 BondeO ihtti(~itre.ak7usurV::r~yp erwnt~ri.` Fort P~erce, Fiorida ' `i ~yl~ • - ' Cv - . ' ~ ri~EO a~~ a ~ T _ : EC~~OfO ~ F This Instrument Prepared By JOf?ri M1.Collins SL ~UClE COUNYY F~A. ~ First Federal Savings & Loan Association R~~f~ ~OITRAS _ CLERK C.Z~~~T COURT ~ _ of Fort Pierce ~ Rlorida RF~pR~ ; Checked 8y ~8 8 I9 AM ~73 ' : ~ D ~ Paf.~ i , . - . c . _ - - ~ _ ~ _ J..