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HomeMy WebLinkAbout2301 9. To place and conrinuousi/ keep on the bui!d~r~gs now oi hereal~e~ ~iluate on said land and on di equipmenl •r,d personally covered bY lhis mo~tg- ~ge, wlih all prem~~ms thercon pa:d in iull, fire in~uronce in the u~uaf ~~andard poliq fo~m, in a sum approved by ?he MORIGAGEE, ar.d winds+orm insurance in tAe uwal aranda~d pol;cy lo~m, in a sum approved by the MORTGAGEE, in sucA company or companies as the MORTGAGEE may dlrec~; and all firo and wlnd~torm in~urance policies on ~~y of sa3d build~nps, any interes~ therein or pa~~ thereof, in ~he aggregate ium ~foresaid or In exceu Iheraof, shatl contai~ the usual standard martqagee clause or such other clause as ths A1orlpagee may requ~re, makiny the Soss under sa~d polt cies, each end every, payabte to ~aid MORTGAGEE as its inierest may appear, and each and every such pot~cy ~hall be prompHy ass gned a~d deliverrd ~o any hetd by aaid MOR(GAGEF ss fu~ther secu~iry fo said mortgage deb~, and, not less than ren (TO) days in advance of ~he expirat~on of each pol~cy, ~o ds- . livtr to u7d MORTGAGEE a renewal thereof, Ioge~h~r with a race~pt fw the p~emium of such renewal; and ~here shsll be no fire or windswrm insurance plsced on ~ny of said buitdings, any imcrett therei~ or part ~hereof, vnless in ~he fo~m and wi~h the loss payable as ~(o~esaid; and in the event any sum of money becanes payabte undrr such policy or poficies said MORTGAGEE ahall have ~M option ro receive and apply ~he same on account oi the indebted- ~ess secu~ed hereby w to perm~t sa~d MORTGAGORS to receive and use if a any part thereof tor o~he. purE~oses, ~v~Ihovt eh_.~u; vvai~L~3 0~ ~~>>pa~r- ing any equ~ty, I~e~ w ~igh~ under or by virtue of thia mo:tgsge; snd in ths eve~t ta~d MORTGAGpRS shal! fw any reasoo fail fo keep t~.e said premisrs so ;nsured, or fail to deliver promptly any of said policies oi insurante to saed MORTGAGEE, w fail prompfly to pay fuily any pre~Ti~m Iherelor or in any respect tail to perfwm, d~scha~ge, execute, eilect, comple~e, comply with and abide by thfs covenant, w any pa~~ hereoi, sa~d MORiGAGEE may piace a~d pay for :uch insu~ance or any part rhereof without waiving or aiFecting any option, {ien, equity, or right under a by virlue of thif Mortga9e, and tht fult amount ot each and every such payment shall be ~mmediately due and payable snd shall bear interest from ~he date thereof vi~~il pa~d at the rare ol nine per cenru~n per annum and ro~rth~r with such interest shatl Ge secured by ths lien oi thi~ mwlgaga. To permir, commit w sufle~ no waste, 7mpairment w deteriorat;on of said prope~ty or any part thereof. S. 1o psy s!! and singule~ the coats, charges and expenses, incauding a reas~nable attorney's fee and costi of absuacts of title, incurred or pa~d st any time by said MORTGAGEE, becauu a i~ tl~e event of the fail~re on the part of the said MORTGAGOR to duly, p~omptly and fulty perfo~m, d~icharge. execvte, effed, comptete, compty with and ab:de by each and eveay tha sfipulat~ons, sgreemenri, conditions, and tovenants oi said promissory note a~d thii mortgage any or either, arrJ sa~d costs, charges and expenxs, cach and every, shall be immedialely due and payable; whether w not there be nolice da mand, at~empt to cotiect or suit pend~ng; and the full amount of each and e~cry such peymenr shaif bear inreresf irom ~he dale thereof until paid at the ~ate o( nine per centum pe;r annu:n; an~ all said costs, charges and expenses incurred or paid, together w~th such interest, thall be secured.by the lien of thi~ mortgage. 6. That (a) in the event of any breach of this Mortgage or default on fhe part of rhe MORTGAGOR, w(b) in tF~e event any of ss7d sums of money herein referred to be no! pramplly and fully paid within thirty (30) days next after Ihe same severafly become due and payable, without demand w notice, or (c) in the e~ent each and every the stipulations, agreeme~ts, cond~tions and covenanb of sa:d promiswry note and th~s mo~tgage any w either are nol iuly, promptly and fulty poriormed, d~scharged, eaetuted, e(fected, completed, compl;e~! with and ab~ded Sy, then in either w arsy such eveM the sa~d ag gregate s~m mentioned in said promissory note then remaining unpaid, with interest accrued, and atl moneys setured hereby, shall become dus snd pay- able forthwith, or thereafter, at the option of sa~d MORTGAGEE, as futly and comptetely as if all of the said sums of money were aiginat~y st~pulated to be pa~d on such day, a~ything in sa:d promissory note or in thia Mortgage to the contrary notwithstandi~g; and thereupon or thereafler at rhe option of sa;d MORTGAGEE, without notice or demand, suit at law w in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby nad matured pnor fo ~ts i~titution. 7. Tha? ;n fhe event that at the beginning of w at any time peod~ng any suit upon this Mortgage, w to foreclox i4 or to r~iQrm it, or to enforce payment oi any claims hereunder, said MORTGAGEE shall apply ro the Court having junsd~aion thereof }w the appointmeM of a Receiver, such Court shail Forthwi~h appoint a receiver of said mortgaged property al! and sinqular, intlud+ng all and aingu~ar the income, prolits, issues and rtvenues f~om whateve~ source derived, each and every of wh:ch, ~t be~ng express~y understood, is hereby mortgaged as if spec~fically set forth a~d desuibed in Ihe granting and habendum clavses hereof, and such Receiver sha{I have all the 4xwd and effective funct~ons and powers in a~yw~se ent:usted by a Cou~1 to a Receiver, and such appointman? shail be made by such ~ou~t as an admitted equity and a matte~ of absolu~e right to ssid MqRTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mo~?gaged or to the so~vency or ~nsotvency of said MORiGAGOR w the defendann, a~d that such rents, p~ofits, income, issues and reve~~ues shall be applied by such Receivei accord;ng to the lien or eq~ity of said MORTGAGEE and the pracrice of such Court. 8_ To duly, promptly and fufly p~rform, dixharge, execute, effed, compSete, comply with and abide by each and every the ~tipulatio~s, agreements, conditions and covenants i~ sa~d promissory note and th~s morrgage set fwth. 9. That in the evertf rhe owrrership oi the mortgaged prcmises, or any part thereof, becomes vested irt a person otl~er than the MORiGAGOR, the A'.ORTGAGEE, its successas and ass~gns, may, without no?+ce to the MORTGAOR, deat wilh such successor o? successw in interest with reTerence to this mortgage and the d-bt hereby secured i~ the same manner as with Mortgagor without in any way Jitiating w discharging the Nbrtgagors' liability herr un~er w upon the debt hereby secured. No sale of the premius hereby mortgaged and no torbeara~ce on Ihe part of the MpRiGAGEE w its successors or aasgns and no extension of the time for the payment ot the debt hereby secured yiven by the MORTGAGEE or its successws or ass~gns, shall operate to release, d~scharge, mod;fy thange or affect !he original liab~lity of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spec~ficalty agreed that time is of the essen~e of this contract and that ~o waiver of any obl~gation hereunder or of the obligation se- c~red hereby a!~al! at any time thereafter be he:d to be a waiver of the terms hereof d of the i~srrument secured Fierby, 11. In add,tio~ to the forego n9 monthly paym~nts of pri^c'paI and inrerest requ~red by the prom~ssory nore secured hereby, mortgagor covenants aod agrees fo pay to mo:lgagee with each morohly payrnent an add~iional sum est~mated by mortgagee to be eq~al to 1; 12 of the annual cost of !he follow- ing: _ A-All real property taxrs levied or assessed agai~st the above described reel estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on ~he ~mprovemeats situate on the above described premises_ C-Prem~ums on such mortgage guaranty ir.surar.~e as mortgagee sfiail from r me to ti,ne deem fit to carry on the loan secured hereby. Morfgagee shai: from time to time notify mortgagor in writing of the arro~nt d~e and payable hereundrr and such sum shafl thereupon be due and c:a•rabte on the due dare of the nezt r.tionth!y paymenl and each successive momh thereafter urtil mortgagee shall notify mo~tgagor of a change in such a-~:ount. Such su~ns st~a:l be applied by mortgag~e toward the payment of real p:openy taxes, insurance p~em;ums, and mortgage guaranty insurance prPmiums, IN Y~ITNESS V'1H~REOF, the said MORTGAGOR nas hereunto set his hand and seal the day art~ r f;rst said. ~ S+gned, Sea!ed and ~ered in t~e presente of: % Wltii@55 8S t0 Sesn Cleo Robinson - ~g ~~a~ kltlieSS 8~5 to (Seaq 2= Bula Mae Robinson ~ula Ma~t-Rohinssn ~~,q STATE OF FLORIDA ~ ' COt/NTY OP St . Luc ie 1 Before me perwnally appeared CleO Robinson ~~-~~~~~-~~••~-•~--+~--.?~-•.~"'.'~~~-~~-~----~--~~Ms~eF1'e.-lo me well known and known to me to be rhe individus~ described in and who executed the foregoing instrument, and ackrwwledged before me that ~hei exet~ted the same fbr the purposes therein expressed. 11a~ ih~ sa=~ - - - - - - _ ~.~.+(e~~he~aid-__--____-~__ ~ ~r.t_~_:._..~....~..~_~~_~~------------------rpwa.Laep~at~aqdtriwt~ ~aa~nin~t+oo b~ ~ salcerLSapacase~d apact Srom bersaid but~iad Jdcoawledged 1a.and befora a+a ShaLibQ wwtad saicLi~tr~eots,fir{y,{~~oiya. Jdri~ac~ .Wif~iuLan~c tOrnyufSiOD~[C4Vlii0i.~apQr ,qt ~sat~of~oc ~rpP h~Fahaad~ < : . ,-y;~„ - - WITNE55 my hand and official seal thi ~R day of ' p. 1Q_~ f~lE~' :~Y:• RECOROEQ'• = ' . .~cS~ ~G~.:"~ r ~ - ST. ~UCIE i.0UY1Y F1A. Notary Pubtic in and f f~r lir RO~ f' ' 1. RAS M Comm~uion ex r~~"~~ afp~ Retum To• C~~~t'. ,:'':J~` CBURT Y ~Y COAiM1 ~:~""^~u~ first fedq~al Savings a loan Associat~on rt 1 r' i~~ r i~"'~~"~'~ ~dld B~r ~~~R~~ M~+•~~. 1977 ~t'-' • \ ~ o a SSATE OP O, rk . , / JfR ~ ~ PN'~~ ` , , t ~ i . . . p~ ~59'73~ • ,p RY~t ~t~ti./ ' COUNTY OF ~ ~ 1 H;C $ ' t~-'~. : Before me rsonally appeared EuZil Mae Robinson _ ~~SF i~ ~=__;=~=;:~e==c=====e======_===~=a=a=a=a===~=a=-.=___=~__~'s~ to me wel! known a'nna~ af~e to b~ the individuer described in and who executed the foregoing instrument, and acknowledged beFwe me that ~hey executed t l~ibi~~` o~ :purf~es i y thereirt expressed. Apd t}~e sa~d Eula Mae Robinson f;~~`~ '^e~`'~ ;f`- Cleo Robinson wife of the said rvat~ ~ y examinat~o~ by me taken separate and apart from her said hus nd, acknowledged to a~d beforr, me that she executed said~' errd ~rolur?~ rariFj a»d w~thovt any compulsion, constraint, apprehemio fear of or Ir her said husband. '~~i~,~~~•' ~ YJI NFSS m hand and offiual seal th'~s day of '~uly ' W,`~P D. lq~_ ~ This ~nst~uoent prepared ~y ~ ~ A` . C3azy F. Bllw.:o~ L ~j . .f • ~ ' F1I'St Federal Savings and L~an Notary Public in a~d for the State o •YO]'aiClat~s ASSOC Of Fprt Pierc~, Fl8 My Comm~ssion eapires: ~ J~~ j~~ ~ ~ d < <f ~ _ _ ~ - . - - - - - - - _ - - ~ „N*_