Loading...
HomeMy WebLinkAbout2167 J. To place and continuously keep o~ the bui'd~ngs now a hcreafte~ s~rwre on said iand and on al! cqu~pment ~nd personally tovered by this mwtq- ege, w;th all premiv~ns thercon pa~d in full, f~re insvrsnce in ~he usual stsnda~d pol;cy fam, in a sum app~ortd by the MOR~GAGEE, and w+nds~or+~ insuran~e in tM usvat sfanda~d po1•cy iwm, in a sum approvcd by ~Ae .MORTGAGEE, in such company w canpanies u thr A10RTGAGEE may d~rcU; ~nd ail fire and w~ods~orm insurance po!icies on sny of sald buiid~~ys, aey imere~~ tMere~n w par~ ~!?ereoi, io the aggre9a~e a~m ~fwesaid w in excru ~hercof, thall coniai~ the usual standard mor~ga9ee cta~ss w such o~he~ clause as tM Mw~gagce may rcqu.re, maAing ~he ~osa ~~xlr~ sa~d poi~ ~~es, each and evc~y, payab~e to said M~RiGAGEE aa ~ts in~errst may appea~, and cach and eye.y such pa~cy shatl be prorr.ptly ass g~ed and drl~verrd ~o ' eny held by said MORiGAGEE ss fu.ther aecurity to said mongage debt, and, no~ less ~han ten (10) days in adva~ce of ~he eapnat~on of each poGCy, to dr I~ver to said MORTGAGEE s renewal thercof, togeiF~er with a ~ece~pl fa the prem~~?m of such re~wa~; and there sha?I be ro fue or w.nds~ann ~osurance plxed on any of said build~ng~, any Fnurest there~n or put thereof, unless in tF~e iam and w~th ~h~ Iou payabte as afwesa~d; and in the event any sum of money pece,nes payable undc~ such po1Ky or pol~cies uid MORTGAGEE shdll have the oprion to rcceive and apply the same on accounl of fhe indrbted- ness secured hereby w ro perm~t said MORTGAGORS to ~eceive and uae it p any pa~l thereof tw o:ner pur~ases. v.~tFu~ct tha..oi vra~.~~~~ cr n~3pair- ~ng any eq~~ty, tien w r~ght undcr o~ by virrue of ~his mo:~gage; and in ~he even~ w~d MORTi,AGORS shall for any ~eason fait to kecp ~he said p~emisas so ins~~ed, or fail to deliver p~omptly sny of said policies of insurance to sa~d MORTGAGEE, w fael promprly to pay fu71y any premiu~n therefw w in any ro~pett (ail to pe~Iorm, d7scharge, execute, ef!ect, complete, comply wi~h and ab~de by rh;s cove~an~. a any par~ hereoi, u~d MORTGAGEE may place and - pay iw such insurante w sny part ~hereof wi~hout waiving or ~ffectirg any option, lien, equ~~y, w riqh~ u~der or by v~r~ue of this Mwrgage, and the ~ full amovnt of each and every such payment shalt be ~mmed;ately dus and payable and shail bear interest Irom the date thereof until paid at the ra~e oi , n~ne per centum pe~ sonum and to~ethe~ wi~h such imeresr shali be secured by tF?e lien of thit mortgage. 1. To permit, commit or su(ter no waate, impairment or detcrioration of said property or any part thereof. 5. To pay all a~d singular ehe costs, charges a~d expensea, tncluding a reas~+able attorney i fee and costs of absrracts of titte, incuned or paid af any time by said MORTGAGfE, becavse a in ~he event of tl+e fa~lure on the part of ~he s~id MORiGAGOR ro duly, prompely and futly perfo~m, d~xharge. execute, effecL tomplete, tomply with and ab:de by each and every the s~~pulatwns, agreemenn, condit:ons, and covenann of said promissory note and this mortgsge any M ei~her, and sa~d cosn, charges and eaper?ses, each and every, ahall be immed~ately d~ie and payable; whefhcr w not there be not~ce da mand, attempt to toitect or suit pend~ng; snd tt+e full amouM of each and every wch paymeM shall bea. interest froin the date Ihcreof until pa~d at tAe .ate of n;ne per crntum per amwT; an~+ aiI said crus, charges and exoenses incurred or paid, together w~ti~ s~ch intc~est, shaU be secured by fhe lien oi this morfgagO. b. Thst (a) in the evem of any breach of this Mortgage o~ default on the part of the MORTGAGOR, o? (b) in the event ~ny of sa:d svms of money ! herein referred to be not promptty and fully paid within th~rty (30) days oext afrer 1he san~e xverally become due and paysble, wiehour demand or no~ice, or (cj in the event eacA and every the stipulatrons, ag~eemtnts, cond~t;ons and covenan+s of sa.d p.omiuory note and th~s mwtgage any a eilher are nof - ~uly, prompNy and (ully poriwmed, d.uhargrd, exec~ted, effected, compteted, compfied with and ab~ded Sy, thm in e~tF~r w any such event IMe sa~d ag gregate sum mentioned in said promisywy note then remaining uopaid, with inreres~ acuued, and a:! moceys secured hereby, shatl become due a~+J pay- a61~ fathwith, or tt~ereafter, at the option of said MORTGAGEE, u fully and comple~ely as i1 aif pf iFk said sums of mon~y were a~g~naily s~~putated to be pa~d on such day, anything in sa:d prom~sswy nme a in this Mortgage ~o the cont:ary notwiihstand~r+g; and rhereupon w thereairer at the opr~on of said MORiGAGEf, w+thout not;ce or demantl, suit at law a in equity, therelore o+ theteaftcr begu~, may be proxcuted u if all mw~eys setured hereby nad matured pnor to its institution. • 7. That in tF~e event that at the beg;nn;~g of w at any time pendfng any su~t upon this Mortgsge, w to iweciose i~, or to refwm it, or to enforce payment oi any claims hereunder, said MORTGAGfE sha:i apply to the Coun having ~~rfsd~ct~on thereof for ~he aapamtment of a Rece~~er, such Covrt shaU forthwith appo+nt a receiver of said mwtgaged property all and sinyular, incl~d,ng ali and aingvlar ~he ir:cortse, prol~ts, issurs and revenues from whatever scurce derived, eath and every ef wh~ch, it being ezpressty unders~ood, is Fxreby mortgaged as if fpec;fica!!y xt fortA and deuribed in the gran~ing and h~bendum clauses hereof, and such Receivpr sha~l hare atl the broad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver, and s~cti appointment shall be made by such Court as an admitted eq~iry and ~ rrwuter of absolure right to said MOR:GAGfE, aed without relerence to the adequacy or inadeqvacy of rhe vatve of the p~pperty mortgaged or to tfie to.ve~ty w~nwivency o! sa~d 11hORtGAGQR -a tl,e defendants, a~d that such re~is, profits, incane, iasues and revenues shall be applied by such Reteiver accord~ng to the lien a equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fulfy pe~form, d'+scharge, execute, effect, compkte, comply with and abide by each and every the stipu(ations, agrcemenri, conditions and covenanrs ~n eaid promisso+y note and this mortgage set fonh_ 9. That in the eveM tht ownership of Ihe mortgaged prem;xs, o? any part thereof, 6ecomes vested in a person other than the AIIORTGAGOR, the M.ORTGAGEE, its successors and ass~gns, may, wi:hout norice to the MQR7GAOR, dea! werh s~ch successor p successo~ in inlcresf with reference to this . mo; rgage and the debf hereby sKUreci in the same manrkr as with Mortgaga without in any way vitiati~g p d~xharging the Mortgagprs' liability he~r i vnder qr upon the debt hereby secured. No sate of the prem~ses fiereby mortgaged snd no forbearance on the part of the MORiGAGEE o~ its successors . c. assigns and no ex?cnsion of the flme for the paymcnt of the debt hereby secured g~ven by the H10RTGAGfE or its succesxxs or au~gns, shall operate ~ ro rokase, d~scharge, modify chsnge or affeu the original IiabiUry of the MORiGAGOR here~n, ei~t.e: in whote a in part. ~ 10. It is spec~fically agreed. that time is of the esxnce of this co~tract and lhat no waiver of any obi~yation hereunder or of the obligat'an sr ~ cured hereby shaN at a.~y time thereaf~~ ~ he7d to be a waiver of the terms hereof o? of the instrumen~ secwed he~by_ ~ 11_ M add~tio~ fo the fwego ng momh!y payments of princ'pal and intzrest required by tbe prom~isory no~e secu~ed hereb~, mortgagw tovenanh ~ and agr~¢s to pay ro m.ortgagee with ea~h mo~aThiy payr,ent a~ add.rional 3um est:mared by mortgayee lo be equat to 1. 12 of tfie annual cost of the fo~low- :ng; " A-All rea! property taxes lev:cti' o~ assessed agaiost tbc above deuribed reai esrate_ • 6-Prem~ums on (~re and w3ndstorm ~r.surance as here~n requ:r~d to be ca.ri~d o~ the Improvements s~tuate on the above dascribed prem7ses. C-Premiu~ns on such mortgage guaranty ir.surar,ce as mo*tgagee sha~l from t:me to time deem fit to carry on the loan secured f~ereby_ Mortgagee sha!I from tirne to time no~ify martgagor in wreti~g of the amount dve and payat~e herevndrr and such su~n shal? thereupan be due and ; 3yable on the due date o~ the next moroh:~ payment and each successive month thereaft~r uctii mortgagee shall not;fy mortgagor o! a c6ange in such ~~t~o~M. $uch sums sh.a'I be appG~ by mortgagee toward the oayment of reai property ta:es, irtsurance prem:ums, and martgage guaranty insurance p~emiums• . ITNESS YIt1EREOF the sa~d N~ORTGAGpR has hereunto ut his hand and seal the day and year first aforesaid. igned, 1 a de er t presence of: _ G ~ ~ f ~ / an I c~/ ' (Sea4 (Sean - . . ~Seaq i STATE OF FtORIDA 1 . CoUN7Y OF - St• LLtCl@ j SS. i Before me penonally appeared Jeffrey S~ ~l1ZSt a~ ' oelaine C~ ~llSt hia wife, to me well known and known to me to be ` the ind~vidusis desu~bed in and wia executed the foregoing instrument, and aclcrwwledged before me that they e:ecuted the same for the purposes ~ therein expressed_ And the sai ~laine C~ ~'~1r8t - ; r.;fe of the said '~~fTe~ S• ~=gt vpwi a separsts a~id ~riv~t~ examination by me taken separate and apart from her sa~d husband, ackrawl j edged to and befwe me that sFx executed said instrume~t'fredtjl `nd'~ottit?- ~ ra;ily and w~thout any compulsa~, conslraint, apprehens~on, or fear of or fr~m F~er said hwband. ' ~ WfTNf55 my hand and official seal thi: 12th d~r of~~ `1u b, -.''j ~ ~ , - - ~ ~ ~ J ~ . / Notary Pub~ic in srtd for t , tate of ~';ai'lu~ ` ' ' ~ L My Comm~asion expires: ~ ~ Retum To: q0(ARY•PUS:fC. STAIE of . ~ First federa! Savirtgs b Loan Associat;on Yl~ CD~'.~1lSSIG~! EX"?Rig~D ,L'.' '~9, "~97~.' Of Fort P~erce. Bonded St~u ; r_ a: t~.su*c~c~ Ltiil}bAlrAteis, / fort Pirrce, Florida ~ : ` : • ~ ~ S F11E0 AM`_~ Q~C.Qt~~E~ ` g This Instrument Prepared By~TOhn W. Collin s S~~ ROC~E~yo3 x~5~~ ` ' , First Federa) Savings ~ Loan Aswciation CtEF'~ ~~~'~'~11 ~OURT ~ ° _ of Fort Pierce ~ RlOZida tt~CQP-^ ~~f~' js ~ Checked By ~ 2S ~'73 - o ~a 2;59f,31 60~xzls F~z~ss s - - - - - ~ ~ ~ ~ ~ . ~-_~;~~y . . , h - ~ .r