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HomeMy WebLinkAbout2465 3. To place and cont~nuousty keep on the 6u~'J~ngs now or he~ea(ter ~~tuate on said land and on a~i equiNment and personally cove~ed by this mwtg- ege, wrth all p~en.iums thrreon pa:J in futl, f~rc insura•ue ~n tha ~sual sta~derd polf~y form, in ~ wm app~ovnd b/ the MORtGAGFE, and wmdstorm fnsurance in the usual sTandard po!~cy iwm, in a sum approved by the MORTGAGEE, in ~uch co~npany or compan~as a• the MORTGAGEE may d~recl; and all ti~e and wlndirorm inwronce po~~c~es on +ny oF sald bu~~d~ngs, any in~ereit the~ein or part the~eo(, in the aggregete sum afo~esa~d or in eactss ~hereof, sAall :ootain the usw~ sta~ed~~d mortyegee dause w such o~her clauss ~t 1hs Mo~t4agee may rrqv•re, making tbe loss unde~ so~d po~i- c~es, each and every, payabfe to said h10RiGAGEE as ~~s iroerest may appear, and each and eve~y auch po~~cy ~~all Ix p~ompt~Y s~s gned snd de7ivrred ~o ~ny held by sa~d MORiGAGEE as furiher sec~~~ty to faid mortgage debt, a~~d, not less ~han len (101 days in a~vance of ~he exp,ratioo of each poGcy, ~o de- i~ve~ to said MORiGAGEE a ronewal thercof, toge~he~ w~rh a receipt for the p~em~um of tuch renew•al; and~~here shai; be ~0 1~~e or windsto~~n insurance placed on eny ol ss~d build~ngs, +ny interest there~n w part ~hereof, unless in the form ind wilh ~he loss payable as a(oresa~d; and in the event any sum of money becomes payabte under such policy or pol.uea aa~d MORiGAGEE ah,~ll have ~he optien ro reteive and apply the sa~ne on accoun~ oi the indrbted- ness secured hereby or ro permil aaid MORiGAGORS to receiv~ and use i~ or any pan theieuf lo~ o:ncr ~.u~F~oecs, v.:~ho~s th_••ui vva~+~~7 0~ ~~~~p~~~• ing any equ~ty, lien or right undcr or by virtue of this mor'gege; a~d in the event ~e~d MORTGAGORS ahall for any reason fail 1o keep the said premisrs so cnsured, or fail to deGver promptty any of sa~d poLc;es of insurance to sa~d MORiGAGEE, or fad promptly to pay fu~ty any p~emwm therefo~ o~ in a~y re~pect fail to per(o+m, dncharge, execute, efiect, canpte~e, camply with and abide by th~a cove~ant, or any part hareot, said MGRiGAGEE may p~ace and pay fw such inaureiue or any Farl thereof without waiving w ~1iec~ing any option, lien, equ~ty, or r~ght under or by virtue of this Mor~gage, and the 1v11 a~noun~ of eacn and every such payment shall be ~mmed~ately due and payabte and ahal! bea~ inierest from the da~e thereof until pa~d at the rate of n~ne per cemum per annum and to3r~her with such imerest shali Ge secured by the ~ien of this mutgage. 1_ To permit, commit w suffer no waste, impairment ot deterioration of sa~d property w any pa~t thereof. S. To pay at! and sirr~ular the costs, charges and expenses, ~nclud~ng a reasonable attw~ey's Fee ,and costs of abstracts ~f titte, incurred o? pald at any time by said IYtORiGAGfE, bcca~se o~ in the event of the tailure on ~he part of the sa~d MORTGAGpR to duly, p~on,ptly and fully perform, d~scharge, execute, etfect, comptete, comply w~th and ab:de by each and every the stipulanons, agreements, condi~iqns, and covenants of said promissory note and this mnrrgage any or ei~her, and sa:d tosts, charges and expenses, each and eve~y, shall be immediately due and payable; whether or not there be ~ot~ce d~ mand, attempf to co~lect w suit pend~ng; and the full amount of each and ev~ry avch payment shatl be ~ in~crest irom the date thereof until paid a1 the rore oi nine per cemum per ann~m; and all said costs, chargea and expenses incu~red or paid, toge~her wd~~ tuth interest, shall be secured by the Gen of ihis mwtgags. 6. Thal (a) in the event of any breach of this Mortgage or defautt on the part of the MORTGAGOR, br (b) in the event any of sa~d sums of money herein referred ro be not promprly and fully paid wirhin th~rty (30) days next aiter the same severa~ly beco~ne due and payable, wilhout demand or notice, or (t) in the eveN each and eve~y the stipu~anons, ag~eemeNS, conditions ar.d covenants of sa,d promissoiy note aod th~s mortgage any w either are not iu1y, promptly and iu11y performed, d,scharged, executed, effected, completed, complied w~th and abided by, then in e~ther or any such event 11x sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, wi~h i~terest accrued, and all moneys setured hereby, shall become due and pay- able forthwith, or therea(ter, at the opt~on of said MORTGAGEE. as fvlly and completely as if aIl of thr sald s~ms of money were originaily st~pulaied !o be pa~d o~ such day, anyth~ng in sa~d prom+szory ~ote or in this AM1ortgage to the contrary notwithstand~ng; ond ~hereupon or thereafter at the option of sa~d MORTGAGEE, withoul nohce or demand, suit at taw or in equuy, therefore o? thereafier begun, may be prosecWed as if all money secured hereby n~d matured pnw to ~n inatitution. 7. That in the event that at the begi~ning of or at any ti~rx pending any suit upon this Mortgage, or to f~reclose it, or to reform it, or ta enforte payment of a~y claims hereunder, said MORTGAGEE shatl appty to the Court having jurisd:c~~on thereof (or ~he appo:ntment of a Receiver, such Court shall forthwirh appoint a receiver of said mortgaged property all and singulsr, inciud.ng atl and s~ng~far the income, prof s, iss~es and revenues irom whatever s~urce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speu~~cally set f~th and deuribed in the grsnting a~d h3bendum clauses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appointment shall be made by such Court as an admi»ed equity and a matter o4 absofute righ~ to said MORTGA(3EE, and witFwut rc(erence to the edequacy or inadequacy of the value of the proper~y mongaged or to the so.vency or ~nsolvency of said M10RiGAGOR or the defzndants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the iien w equity o! :aid MORTGAGEE and the Practice of such Court. 8. To duly, promptty and fully perfo~m, discharge, ezecute, effect, comptete, comply with and abide by each and every ihe stipulations, agreements, conditans and covenants in sa~d promissory no:e and th;s mortgage set fwth. 9_ That in the event the ownershlp of the mortgaged premises, a any parf thereof, becomes vested in a person othe~f fl~an the MORTGAGOR, the A10RTGAGEE, its suscessors and assigns, may, without no~~ce to the MORTGAOR, deal with such successw w successw in interest with reference to thia r.~oatgage and the debt hereby secured in the same manner as with Mortgagw w~thout in any way vitiating or d~scha~ging the Mortgagors' liability here- ~nder or upon Ihe debt hereby secu~ed. No sate of the premises hereby mortgaged and no forbearance on the part of ~he M0~7GAGEE or it~ sutcessors o• assigns and no eatension of the time for the paymen! of thr debt hereby secured given by the MORTGAGEE or its successors w assigns, sltiall operate ro release, d~xharge, modi(y change -or aifect the orginal liabil~ty of the MORTGAGOR herein, either in whole u 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 se- c~red hereby shall at any time the~eafter be held to be a waiver of the terms hereof a oi the instrument secured herby_ I1. In add,tio~ to the forego:ng monthly payments of princ pal and interest required by the promissory note secured hereb/, mortgagw covenants and agrees to pay to mortgagee vvi:h each monthiy pay~,:ent an add~rional sum est:mated by mortgagee to be equal to 1; 12 of the annuai cost of the follow- ~ng: A-All real prope~ty taxrs lev~=~ or assessed against thc above desv;bed rral estate. B-Prem~~ms on fire and w~ndsro~in insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. ' C-Premiums on wch mo~tgage guaranty ir.sura~:ce as mortgagee shall from t;me ro time deem fit to carry on the loan sewred hereby. Mortgagee shall from t~me to time notify mortgagor ~n writ~ng of the amount due and payable hereundrr and such surn shall thereupon be due and c ayable on the due date of th> ~ext monthty paymer.t and e~ch svtcessive month the+eaftcr uc~il mortqagee shall notify mortgagor of a change in such a~~ount. $uch sums sFa:l ~ae apptied by mortgagee toward the paymem of rerl property tazes, insurance p~em;ums, and mortgage guaranty insurance 'i ~~=miums. i ~N Y~ITNESS '1'1HEREOF, the sa~d MORTGAGOR has hereunto set his har.d and seal the day a~d year first afareuid. i Signed, Sealed and delivered in the presence of: I - C~ ~ ' ° cseaq ~ _ _ c5eaq : (Seal) Sii-~TE OF FLORIDA 55. couNnr oF St. LuCire _ ~ Before me perwnaliy appeared JAI~s A• ~@0@s and ' ~I'y ~1A R89VA9 his wife, to me well known and known to me to be ti,e individuals described in and who executed the foregoing instrument, and aclu~owledged beFore me that they executed the sarne for the purposes therein expressed. And the said MY1A ~AAVA3 r~;fe of the said JaT~3 A• ~BeV93 upon a separate and private ~ cxam~nat~on by me ta~c~ separate and apart from her said husband, atknowledyed to and before me tbat she executed said instrumeot freely and volun- rar~ly and wAho~t any compulsion, constraint, apprehens~on,~r fear of w from her said husband.~ 73 ~ WITfVESS my hand and official seal this ~~S_T~ _ day of A- 19 ~ ~ Notary Pub1i and for t~ate of Florida st large My Commis on expires: ~y,:j ~F Retum To: ~ First Federal Savings b Loan Assotiat~on y Of Fort P:erce. 17~QQ~ Fort Pierer, Florida F~L~lV ~ ~ f11~~ ~'K~ RWti~ Ri+`~. y; . . ;j. ~~y~1E G9 ~:J ROG~R f~ttRlS ~ ; ~ . . CIEf.~ G~~.CU1T COURT This Instrument Prepared By Richard R.: Rey+B$.: ~ ~ F ~ - ' P.f.CCR:' Vf `,fl_D K: First Federal Savings & Loan Association i ~ ~ ~ : ~ : ~ ~ of Fort Pierce ~ F1o1'ida : ~ ~ " ~ • . - ~ • 4`' . ~`_s Checked By ~ • ' ~ . ~ ` - . r' J ~ ~ ,I,I~i111~11`~, ~ " ~ ~ ~f bQ01f P~CE ~ ~ , . - _ _ . " . _ 3,~..::t ~ . : { F d rv' ; ' _ I ' ~ ~ x ~ ~ h _ ~ J~~;.°b' ~ . _ r. ~ _ ~"~~~mr~"~'~~-~- .