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HomeMy WebLinkAbout1839 3. To ptac~ and continuously keep on the bui!d{ngs now on c~reaite~ sitwte on said land and on all equipment and personally covered by this mwtg- sg~, with •II premium~ Iherton paid in full, fire i~iurance in the ususl standsrd polity (orm, in a sum approved by the MORTGAGEE, a~d wind~torm insuranc~ io Ihs usua) atanda~d pol:cy (orm, in s sum app~ovcd by the NIORTGAGEE, in iuch tompa~y o~ tompanie~ si tM MORTGAGEE may direct; ~nd all fir~ and w~~dsrorm in~~ranc~ policie~ on any ot seid build~npi, any inlerest therain o~ parl thereof, in tM +ggre9a~e s~m afwesaid w In sxceu Ihereof, ~hall contain ~he vsual s~andard mortgs9e~ dause or suc6 o~ha claus~ as the Mortyagee may ~eqwre, ma~inp ~he lou u~de~ ce~d po1i~ ciei, tach and tv~ry, payabl~ ro said MORTGAGEE as itt in~erest may appNr, and each and eve?y fuch poticy thail be promp?ly a~s gned and delivered 10 any held by s~id MORiGAGEE at furthe~ security to said mortqaye debt, and, no1 lesi ?Mn ten (10) days in ~dvance ot ~he expirat~on of esch polity, to dh IivN ro s~id IIApRiGAGEE a rtnewal therwf, Ioye~Mt with a recefpt fw ~he prtmium of tucA renewal; end thers shall ba no l+re o? windstoim insur~nct plac~d on ~ny of ~aid buiWinps. ~ny Interest therei~ p part thereof, unless i~ ~he form and w~th tM los~ payabte as ~for~seid; and i~ the evenl any fum of mon~y bccomes payable under tuch policy or polKies uid MORTGAGEE ~hall Aave ths option to receive and apply the sanx on accounl of ~Ae indabred- nafs secured hereby ot to pe~mit ~aid MORTGAGORS to ~Ktive and us~ it a any part thereof fw otnci purposcs, wi~hput th~reu/ waiving or u~~pair- ing a~y equity, lie~ w righl unda or by virtue of thii moz!psge; ~nd in the tvent said /NORTGAGORS shall for any reason fail to keep the said premisrs so ins~red, w fsil to deliver p~omptly ~ny of said pol~cies of inaurante to said MORTGAGfE, or fail promprly to pay fu~ly any premium therefor w in any respect (ail ro perforrty discharge, execvte, effect, complete, comply with and abids by Ihis covensnt, a ~ny part hrreof, said MORTGAGEE may place and pay fa such insurance w any part thereof wiihout waiviny a affectinp a~y option, Iten, equiry, w right under w by virtus of Ihis Margage, and 1he full amount o( each and every such payment s}?a!! be emmcdiately due and payabla and shall be~r interes~ from the date tFurcwf u~til paid at the rate ot nine pa ce~twn per ~nnum and to~ether with such inte~eat shall 6e sKUred by the lien of this mortpage. 1. To permit, commit or wffer r?o waste, impairment w detc?iwation of said property or ~~y paA thereof, t 5. To ~ ' pey all and singuls~ the tosts, charge~ and expense~, including a ~easonable +ttorney ~ fee and costs of abstracts of title, intur?ed or paid at any time by wid MORTGAGfE, because or in tM erent of the failure on tke part of the said MORTGAGOR to duly, promptly and ful~y perfwm, diuharge. execute, effect, complete, tomply w,th and ab:de by exh and every 1he stip~lat~o~s, sgreement~, conditions, snd covenants oi said promissory note and thit mortgape any o~ ei~her, and u~d costs, charge~ and e:penses, each end every, shall be immedietQ~y due and payabte; whether a not there be not~ce dc mand, attempt to collect or wit pendinp; a»d the full amouM of each and every such payment shall bea? interes~ irom the da~e lhereot until paid al the rafe of nine per ce~tum per am~um; and all said costs, charges and expenscs irKUrred w paid, iogether w~fh tuch intereat, ahall be secured by the lien of thif mort~a~a 6. Thal (s) in the avent of any breath of this Mortgspe w default on the part of the MORTGAGOR, a(6) in the event •ny of said sums of money herein ~eferred to be not promptly and futly p~id within thirty (3p) days nexl after the tarr~e uveratly become due and payable, wirhovl demand or nofice, or in the evenr each and rvery the st:putafi~ns, sgrermcnts, cw+ditions and covenants of sa~d p~omissory note and ~h~s mortgage any w e~tF,er sra not iuly, promptly aod fully perfamed, discharged, executed, effccted, completed, complied with aad sbided by, then in e~ther a any such evem tF+e said ag gregate wm mentioned in said {xomtssory note then remaining unpaid, with ime~es~ MGUtf~, and aU moneys secured hereby, shall become due and pay- ebte forthwith, w rhereafter, at the opr~on ot said MpRTGAGEE, as fully and completely as ii all of ~he said sums of money were a~g~n~tly sGputated to be pa~d on such day, anything in sa;d prom~ssory note w in this Mortgage ro the contrary notwi~hstand~„g; and therevpon a thueafter af ~he opt;on of sa;d MORTGAGEE, wifhout nolice or demand, suit at law w in equity, therefore o? thereafter begun, may be prosecuted as if ~II moneyi secu~ed hereby had marured prwr to iti instirurio~. ; 7. That in the event that at the beginning of or at sny time pending any suit upon this Mongsge, w to tweclose it, or to ~efwm it, or to enforca payment of any claims hereunder, said MORTGAGfE s1+a11 apply to the Court having jurisd~ctio~ thereof for the appointmenl of a Receiver, such Gourt shall forthwith appoiM a rece+vrr of said mortgaged propeny all and singular, includ~ng all and singularlhe income, prolits, issues ant! revenues from whatever source de~ived, each and every of wh~ch, it being express~~ undersrood, is hereby mongaged as lf spec~lically set fath and dewibed in the gran~7ng and hal~endum clauxs hereof, and suth Receiver shall have sll the brwd and effettive funcnons and powers in anywise entrusted by s Court to a Receivtr, and scch sppointment shall be made by auch Cour~ as ~n admitted equity and a matter of absolute rigM to said MORiGAGfE, and wirhout refe~ence to the adequaq a inadeqvacy of tha value oi the properry mwtgaged w to the sotvency or insolvency of said MORTGAGOR o~ the defendants, and thal such renrs, profits, income, iuues and revenues shall be applied by such Receiver atcord~ng to the tieo or equity of said MORTGAGEE and the practice of such CouA. 6. To d~ly, promptly and fully perform, discharge, executc, effect, complete, comply with snd abide by each and every the stipulations, agreerrKnis, conditiom and covenams i~ said prom;sswy note snd this mortgage set fwlh_ 9. That io the eveM the ownership of the mortgaged premises, a any part thereof, becpmes vested in a perion otber than the MORTGAGOR, the MORTGAGEE, its successors and su~gns, may, withovt no~ice to the MORTGAOR, deal with svch successo? a successor in interest with reference to this mortgage and the debl hereby secured in the sarne manner as with Mortgagor without in any way vitiating or dixharging the Mortgagori lisbility here- ~nder w upon tF?e debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the pan of the MORiGAGEE w its successcrs ? or assegns and no eatensian of the time fw the paymenl of 1F.e debt hereby secured given by the MORTGAGEE or its succeuas or assigna, sha~l operate ~ to reteau, d~stharge, modify cha~e w affect the original liability of the MORTGAGOR herein, either in whole w in part_ ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation ae- f cured tiereby shall af any time the~eaffei be held to be a waiver of the terms hereof a of the instrument secured herby. ~ 11. In add~~ion to the Fwec,~o:ng munth!y payments of princ pal a~d interest required by the promissory note secured hereby, mortgagor covenants ~ s and ag~ees ~o pay to mortgagee with each monfhly pay.r.ent an add~donal sum esNmated by mortgagee to be equal io t j 12 of the annuat cost of the follow- ; [ng: i A-A!I rea! property taxes lev:ed w assessed against the above dexribed real estate. B-P~emiums on fire and windstorm insurar.ce as herein requ;red to be carried on the improvemehts situate on the above described premises. C-Premiums on such mortgage guaranty irtsurar~ce as mortgagee shall irom t~me to time deem fit to carry on tF~e toan secured hereby. Nbrtgagee shat( from time to time norify mortgagw in writing of the amount due and payable hereunder and such surn sha0 fhereupon 6e due and payable on the due date of the next monthly payment and each success~ve month thereaft~r urtil mortgagee shall notify mortgagor of a change in such a^~ount. $uch sums shail be applied by mortgagee toward the payment of reai property taxes, insurance prem:ums, a~ul mortgage guaranty insurance premiums_ IN WITNESS WHEREOf, the said MORTGAGOR ha~ he~eunto ut his hand and seal the day and year first aforesaid. ~ Signed, Sealed and ' ered in the preser~ce of: v^~ /ji r ll (Seaq ~ uis H. Nad au ~a~ ~ - ~ . - Sean . Lvnne A. Nad~au ~ ~~q I • ~ ` STATE Of RORIDA couNnr oF St. Lucie ~ i ~ eefore me penonally appeared 1-0Li18 H. Nadeau end ~ Lynne A• IV~@Sti his wife, to me well known and known to me to be ` the individuats described in and who execufed tfie !or instrumertt, and sckrww ! e~going ledged befwe me that they executed the same fw tt+e purposes ~ tnerein expressed. And tht said j'y~~' A• Nad@'8'u ~ r.i!e of the said Louis Nadeau upon a separate and privats : examinatioo by me ta4en separate and apart from h r d~a nd, atknowledged before me that the execWed said instrument. freely and volurr ~ ra~~fy and w~tiww any compvlsan, consrraint, appre~e ',/o~,~ea~ of or fran he said Iw bs . ~~1~1~~~1!</{~t)~ . ~ WITMESS my F+and and otficial seal thi ' day of ~t p ~3 ~ : J~~; ~ . ' ~ ~ Notary u in and fot the $~ftp Fio~i ~ lat~e'., r"G = My Commi ion expires: : Q' • Return To: - f e .J = _ ° First Ftdersl Savi~gs 3 loan Association • ` ~ i,,. _ ` ~ c; e~ ~ Of Fort P:erce. ::Y ' ' - r~~~1i~•li'+LYt l~R~ , ~ ~ ~ q: 7 19~ : ? ' Fort Pierce, Florida • : ~.~cis ~4urs~ic~~a,.••aE : . ~ Sr ,T = t ~ 259400 '~~-y:~,.,~.,.~~~~'~i- = This Instrument Prepared By RobeYt A. Swisher~ J~KEO Ay~ q£e0~Of0 ~ First Federal Savings & Loan Association ST-LUC3E :O~~T'? FLA. _ ; of Fort Pierce ~ Florida RO~~'r, ~..•TRec g CLE~K Z;.:+.U~t C.Ur~T d~~,~ , Checked By ~v- RFC^c'.~ v~ :+:tE~~...~--~TO ? Ju~ '[0 10 4a AN'73 ~ s~b ' • ~!~~t.~~~ ~°rF;~~~ F i _ . _ . _ _ _ ~ ~ ~ . I =t-+-'~ .vVS~.~.-~ . _ } `y,.-~a.~ ' ' , .~.3 ,~K .