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HomeMy WebLinkAbout2641 To piac~ ~nd continvoutty keep on the buitdinpt now a hereah~e s;tw» on satd land ~nd o~ ~II equipn?~~t and p~nonally cov~rd by this mort~ w7th dl premiur?u the~eon pa~d in iuli. fire insvr~~c~ in ~M usual ~i~„dud po~tcy fwm, in a sum ~pproved by ths MOR~GAGEE, a~d windsto~m fnwr~nc~ in Ihe v~ual pandard pol~cy fam. i~ ~~um ~pp~ov~d by tM MORTGAGfE, in tuch company w companies ~s 1M MORTGAGEE may de~etrt a++d all fire and w;nd~torm insuranc~ policies oe sey of said bui~d~~s. ~ny intu~st thsrein or part ~hereol, io tM a99~epat~ wm afaefaid or ie? ~xceu thereof, shall con~ain ~he u~ual standard mor~9a9N tiav~ a such o~hN claus~ ~s tM Matys9e~ m~y requ'u~, makinp 1hs lo» under ~a~d poli- ciss, e~th a~d ~v~ry, psyabt~ ro s~id MORTGAGfE a~ iq in~erest may ~ppear, and each and every ~uch policy shall be promptly ~ss gncd and delivered ~o ~ny Mld by sa~d MORTGAGEE ~s fvr~ha sav~ity ~o sa~d mat9a~ debt, and, not I~u ~han le~ (101 days in idvancs of the expi~ation of each potity, to de~ livK to wid Iy~ORTGAGEE a r~newal ~Mraof, lope~t+K with a ~ec~tp~ fw ths p.~.nivm of ~uch renewal; a+~d ~htr~ sMll b~ no f~re o. winds~orm insur~nce p~aced on any of iaid buildinps, ~ny interesl tMre~n or pu~ thtrwf, vnku i~ tFr fwm ~~d witi~ tha loss pay~bl~ as aiwtsaid; ~nd in tM evsnt any tum of money becpnq payable und~r such policy w policies said MORTGAGEE shall Mw ths optior~ to rsceive and appfy tfa tama on accounl of the indebted~ n~u sfcu~ed kereby w to permi! ~aid MORTGAGORS 1o receivs ~nd us~ it or any part thereof tor otner pwposes, w+lhout Ihereo~ waivi~y .x ~mpair iny any p~ity, lien w riyht unde~ w by virtve of Ihis mortga~~j ~~d ln t}N ~vent W~d MORTGAGORS shall fw arty reason f~il to keep tha s~id pramises so ins~rad, or fafl ro delive~ promptly ~ny of iaid polKie: of insvrancs to said MORiGAGFE, w 3ail promptly to pay fu!ty any premi~m therefor w in a~y respett fsil 1o per(wm, dixMrge, axetu~e, efi~tl, camplete, comply with and abid~ by this tovenant, w ~ey pert heraof, iaid MORTGAGEE may piace and paY fa wch insv~ance w any p~rt theraof wi~hout wsivinp a affactinp ~ny option. lien. equity. or ~ight under o? by viriw oi rhis Monya9~, and the fuN amovnt of each ind tvery such payment sha{I be im~nedi~taly dw and psyabl~ and sh~ll bear imeresl irom tFw dat~ tFxreof until paid at tM rat~ ol nine per centum p~r ~nnum a~d ?oge~her with tuch inrcres~ shall be secured by tla lien of this mor~9age. 1. To pt~mit, commit or sutfer no wastt, impairment or detp~aration of said property or sny parf thereof. 5. To pay all ~nd sinp~lu the costs, charges and expenses, inctvding a ~easonabte ~trw~ey i fee and costi of absuects of ritle, incurred o~ p+~d a~ any t2me by said MORTGAGEE, because w in the event of the failurs o~ the pa?t of tM said MORTGAGOR ta duly, promptly ~nd fully perform, diuhargg execute, eifect, oomplet~, tomply with and ab~de by eath ~nd evary the atip~rlations, agreements, conditions, and tow~ants of. said promi:sory note and this mo.tgase any or ei~her, ~r+d u~d coats, charges and e~pensss, each snd svery, shall b~ immediately due ~nd payable; whe~her or not thcre be ~otKe da msnd, anempt to colkct or wit. pending; ar+d the full amount of each and every such payme~t shall bea. imeres~ trom ~he date thereof until paid tlx rate of nine per crntum pet ennum; and all said costs, charges and expenses incwrad or paid, ~opethe? witA tucb interest, thall be secured by the lien of thi~ morty~s. 6. That in the evsnt of any breach of this Mortgspe o~ default on tM part of the •MORTGAGOR, or (b) in the event any of said sums of mo~ey fierein referred fo be not prompHy and fully paid wi~hin thi~ry (30) days ntxt afror tha same severally become due and payabls, without demand w notice, or (cj Fn the event each and every the s~ipulationt, agreements, cw+ditio~s ar?d covcnants of aa~d promiswry note and th~s mortgage any a eitl?er are nol iufy, promptty and fully performed, d~schargcd, executed, effected, completed, complied wi~h and abided by, the~ in either or any such event ?M sa~d aQ g~egate wm mentioned in s~id p~omissory nore ther? ~emaining unpaid, with interest aarued, and all moneyi sccured hereby, shell become dw ~~d psy- abie forthwith, or thereafter, at ~hs option o4 said MORTGAGEE, s~ fully and completely as if all of the said sums of money were aigi~aily ttipulatcd ro be paid on s~?th day, anything i~ satd prom[ssory note w in this. Morrgage to the conrrary norwirharanding; and thsreupon or thereafter at the option of sa;d MORTGAGEE, without ratice u demand, suit et law or in equity, therefwe or thereafter begun. may be prosecWed as if all moneys secured hcreby had matwed pnor to in institution. _ 7. 7hat in ths event that at the beginnir?g of or at any time pending any suit upon this Mortgsge, a to foreclose i!, or to refwm if, or to enforce paymenf of any daims he~eu~der, said MORTGAGEE sMll apply to fhe Co~rt having juri~drction thereol for the appo~ntmen~ of a Receive~, such Co~rt shall Forthwith ippoint a rt~ceiver of said mortgaged properfy a~l ~nd siryular, intlud~ng all and singular the income, pro(its, i~sues and revenues iran whatever source derived, each ~nd evcry of which, it being expresaly undersiood, i~ hereby mor?gaged ss if spesifically set fath and dewibed i~ the gra~ting and haberedum davses hereof, and such Receiver shall have all the brosd and effective funcnons aod powers io anywise emrusted by s Court to a Receive~, and •uch ~ppointment shall be made by auch Court u an ~dmitted equity and • mauer of absolute right to said MORTGAGEE, snd wifhout reference to the edeqvacy w inadequaty ot the value of the properry mo•~gaged or to the solvency or insolvency of said MORTGAGOR w the defe~dants, and ~hat such rems, profits, income, iu~es and revenues shall be applied by such Receiver accordiny to the 1'~en or equity of said MORiGAGEE and the pracrica of such Court. 8. To dv~y, p~on+pHy and fvlly pe~form, distharge, execute, effetl, complete, comply with and abide by each and every the stipulations, agrecmeNS, conditqns and covenants in said p?omiasory note and this mortgage set fath_ 9. ?hat in the eveM the ownenhip of the mortgaged premius, p any parf thereof, betomes veshd in a pe?wn other tha~ the MORTGAGOR, ihe MpRTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such suctessw or iDtcessor in interest with refertnce to thia mortgaye and the debt hereby secured in the same manner as with Mortgago? w7thout in any way vitiating or d~scha:ging the /Natgagors' Iiability herr under or upon the debt Fxreby secured. No ssle of the premius hereby mortgaged and ~o forbearance on the part of the MORTGAGEE q its sutceuors or auigns and no exrension of the +ime for the payment of the debt hereby secured given by the MORiGAGEE or its tuccessors w auigns, shall operate to release, d~xharge, modify change a affect the wiginal liab~lity of fhe MQRTGAGOR Ixrein. either in whole a in psrf. 10- It is specifically agreed that time is of the essence of this contrect and that no waiver of any ob!'rgation heieur?dcr w of the obligatan sr cur~d hereby ahall at any time thereafter be held to be a waiver of the terms hereof w of the initrument secured herby. I 1. In add~tion to the forego:ng monthfy payme~ts of pri~c pal a~d interest required by the promissory note secured hereby, mwtgagor covenants and agrees to pay to mortgaqee w~th each momhly payrnent an add~rional sum est~mated by mortgagee to be equal ro 1 f 12 of the annual cost of the fol{ow- ln9= . A-AII rea) praperty taaes levied or assessed against thc above described real estate. B-Premiums on fire and windsto~m insurar.ce as herein ~equ~red lo be tarried o~ the improveme~ts situate on the above described premises. C-Premiums on such morlgage guaranty er.surar~ce as mortgagee shall from time to time deem fit to carry on fhe loan secured hereby. Mortgagee shalt from time to time narify mo~tgagor in writing ot the amounf due and payable hcreunder and such sum shali thereupon be due and ~ayable on the due date of the next monthty payment and each successive month thereafter until mwtgagee shall r?otify mortgagor qf a change in such amount. Such sums sha{I be applied by mortgagee toward the payment of real property taxes, ins~rance prem:ums, and matgage guaranty insurance premiums_ IN WIiNESS WNEREOF, the said MORTGAGOR has hereunto set his hand and ual the day a ar first sfa id. S' ned, Sesled an delivered in the presence of: . 7 ~ i l' Q i.~.L- +ry - - - . 5 e n . x• ,q ances R~ Sa le ~ ! € STATE OF FIORIDA ~ - ' couHn oF St. Lucie f ~ Before rr~e personally appeared Jav A~`Sd_iQn1Q snd ( Frances R. SdIDpIQ his wife, to me weli known and known ro+ne to be rhe individvals dezcribed in and who execvted the fore~joing instrument, ~nd acknowledged befwe me that they executed the~~swM!'ftfri~~ purposes ~ ~~~,~M ~xP.~xd. a~d ,?M s~;a Frances R. Sample • _ ~ : ' ; : w~fe of the ~~d Jay A. Sample : ' - . ~ Srpp~A q sep~rate vnii_ prywt~ t e~ami~ation by me taken separate and apart from her .said h~sband, acknowledged to and befwe me that ahe executed siid~:u~~pvinsrlA (~e~y ~qd yo~un. rarily and withovt any compvlsiun, constraint, spprehens~on, or fear of or from her said huiband. WITNEU my hand and offKial seal this 23rd day of Jul . A~~~q ' ::'aLS>: ~ ~ . Notary Public in aod for t!x afe~'Flo?ida ~t lu~',•.~ My Commiuion expires: Retum To: . First Fedcral $avings a Loan Auociation ~ ~ FLORtDA ~t tAROE Of Fort P+erce. MOTARY PUBUC. STA~E 01.. f fort Pierce, Flor~da MY C01A!+11SSI~OA~PiR~EP'T. 25. 1975 8onded !~r last~taacs ~o• ; / 4E0 Rti'- ~'LGpRD D . f~.LUCIE ">4UNTY f~A. ~ - ROGf Pn~TR~S + This Instrument Prepared By John W.Co22ins ~~~r~K CU?~ COURT ' ~ First Federal Savings b Loan Association RiCf!R' rEY. ~ SF..^....~•-~~ ~ . of Fort Pierce, Floz ida ~~Z ~ ~ S ~ , ~0 00 Checked By . ~ _ 2s99s~ BooK 216 2642 9 l d' f ' " k r ~ - ~ ~s~-~ ~~'.~.~5 ~~y~ w ~ ` t ' . . . .