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HomeMy WebLinkAbout2778 J. To plat~ and continvou~ty kccp on the bui'di~g~ now w hereafter ~it~ate on said land and on alt equipment ~nd persona~ly covered by this mort~ p~, with all premium~ ~herrw~ pa+d i~ full, tire insurante in the usuat standard policy fo~m, in a tum spp?oved by Ihf MORiGAGfE, and windstorm insur~nc~ in ~M usual s~andard pol~cy fam, i~ s ium approved by tM MORiGAGEE, in s~ch comp~ny w companies a tM NtORTGAGEE ~++y d~rectj and al~ fiw ~~d wlnditorm insuronce polK~ea on any of ~aid bvud~nps, ~ny interesl Iherein or part thereo}, in 1M aggregde wm ~tw~N~d w In ~xc~a thereof, iMll contain tM usual itandard mwtgayee claus~ or such orhe~ claute a~ 1M Morlp+ge~ may requ~r~, makinq ths 1oi~ unde? sa~d pot~ ca~, aach ~nd ~vs.y, payabt~ to said MORTGAGEE a~ ~ts interesl may sppear, and each and rve.y iuch po~icy shall be p~ompNy ass yncd and delive~ed ~o +~y held by iaid MORTGAGEE ai (u?the~ tecurity to uid mwtyage debt, and, not leu ~h~n ten (IO} days in advance of the expiratior+ o) e~ch poliq, to da tiwr to said MORTGAGEE a renewa! thsreof, togetMr wiih a rece~pt fw the prem;um oi avch ~enewal; and ~here ihall be no fi~e or w2~ds~orm insura~c~ plsced on ~ny of said buildinps, ~ny inte~esl therei~ w part thersof, u~leu in 1ht iwm u+d with tM loss payabla a~ afae~aid; snd in yhe event ~ny sum ot money becomes payable under such policy w poilcie~ wid MORTGAGEE shall have IM optan to receive and apply the tame on account oi the indabted~ neu sKUr~d hereby or to pe?mi1 sa~d MORiGAGORS to ~eteive and us~ it w any part thereof for othc• pwF~oaes, v~~~hout ~h_~eo~ wai~in9 or m~pair- : ing any pvity, l;en w righl under w by virtue of thit mo:ly~ge; ~nd in the ~vcnt said MORTGAGORS thalt fw sny reawn fail to keep the said p~emises so ~ ~~s~~ed, ot fail ro delive~ promptly any of uid policief of iniu~ance to said MORTGAGEE, a fail prompt~y to pay fully any pre~nium therefor or in ~ny respett f~il w per(am, d~xhuge, execute, e((ect, complete, comply with ~~d abide by Ihis covenent, a any par~ hereof, said MOQTGAGEE may place and pay fa wch inw?ance w a~y pa.t thereol wirAout waiving or affectlnp any option,.lien, pu:ty, or riph~ u~da w by virtw of this Mwtgsye, ~~d the full ~mou~t of ~ach and evsry ~uch payment shall be immcdiately doe and payable ~nd sMll be+r intere~~ irom the date tlx~eoi until paid at the ~ate ot nine pet tanlum ~x annum and together with such interest shali be secured by the iien t•hi~ mwt9~ge. To permit, commit or suffer no waste, (mpairmeM w deteriwation of :aid prope~ty a any p+r1 thereof. S. To pay •[I and iinyulsr the costs, cAarges and expenses, iocludi~g a reasonable attorney i fee and costs of abstracts of title, incurred or paid st any time by said MORTGAGfE, because oc in tF+e event of the faiiure on Ihe part of ~Fk taid MORTGAGOR to duly, promptly and fully perform, d~xha~ge, :xecure, effed, comple~s, comply with and ab~de by exh and every ~he it~pufat~ons, agreements, cond+tions, and covenanrs of said promi:sory note and th~~ mortgage iny or either, ~nd said cosu, charges and expenxs, each_and every, ihall b~ immediately dve and payable; whether o~ not the~e be notice do- mand, attempt to mUett or suit pending; and the full amouM of eac6 ~nd evcry such payment thali bear interesl from rhe dats the~eoi until paid at the rare o1 nine per centum per an~~um; and al! said costs, charges ind expenses incurred o? paid, together w~th suth interest, thall be setured by the lien of thii mortgage. - d. TMt (a) in the evenl oi a~y bresch of this Mortgspe or defautt on 1M part of the MORTGAGOR, or (b} in the eveni any of s~~d sumi of ma~ey herein ~efcvrad to be not promptty and fully paid wirh'rn thirty (30) days next after the same severatly become dua and payable, without demanti o? notice, or in the event eath and every the stipu:ations, agreements, cond~tions a~d covenants of said promiswry note and th~s mwtgage any a either are not ~uly, p?omptly a-d iully per(wmed, d+scharged, exetuted, effecfed, compteted, complied with and ab~ded Sy, then in e;ther or any such event the sa~d ag~ g~rgste wm rrKmioned in uid pomiuory note then remaining u~paid, wiih interest accrued, and all moneys secvred hereby, shall become dve and pay- able forthwith, or thcreatte?, at the option of said MORTGAGEE, as fully and completely as if ali of ~he said sums of money were originally st~pulated to be paid on :uch day, anything in said promissory note w in fhis Mortgage to the contrary notwithstanding; and thereupon w thereaftd at the option of said MORTGAGEE, without notice a demand, suit at law or in equity, tFKrefore ot thereafter begun, may be prosecuted as if ail mooeys secured hereby had mstured pnor ro iq instit~tion. 7. That in the svent that at the beginniog of or at any time pending any suit upon this Nbrtgage, or to fo?eclose it, or 1o reform it, or to enfwte paynxnt of any claims hcreunde~, said MORTGAGEE shall apply to fhe Court having jurisdic~ion Ihereof fw the appointment of • Receiver, such Court shaf( Forthwith appoint a rece+ver of said morlgaged property a!1 and singular, i~ttud~ng all and singv~ar the income, profits, issues snd revenuea from whatever sou.ce derived, each snd every of which, it bei~g expressly unde~stood, is hereby mortgaged as if spec~ficatly set forth and described in the ~ranting and habendum clauses hereaf, a~+d such Receiver shall hsve ~11 the brwd and eftea~ve fu~ct~ons and powers in aMrwise entrusted by a Gourt to a Receiver, ar+d :~ch appointment shatt be made by such Court as an admitted equity and a malter of absolute right to said MORTGAGEE, and withoul rele~ence to the adequacy or inadequacy o( the value of the property mortgaged w to the solvency or insotvency of said MORiGAGOR p the defendanri, and that such renrs, profits, incane, iuues and revenues shafl be applied by such Rece+ver accwding to the lien or equity of said MORTGAGEE and the practice of such Cou». 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end every the stipulations, agrcemenls, conditions and covenants in sa~d prom;ssory note and this mortgage set forth. 9. That in the ever,t tFe ownership of the mortgaged premises, w any part the~eof, betomes veated in a person other than the MORTGAGOR, the MORTGAGEE, its s~ccesso~s and auigns, may, w~?hout not~ce to the MORTGAOR, deal with such wccessor or succ~ssw in interesf wi~h reference to this mortgage and the dsbl hereby xcured in the same manrter as with hlortgagor without in any way vitiating q dixharging the Mo~tgagors' liability here- under or upon the debt hereby secu~ed. No sa:e of the ~remixs hereby mortgaged and rw forbearante on the part of the MORTGAGEE w its successors or asaigns and no extension of fhe time iw the payment of the debt hereby secured given by the h10RTGAGEE or its wccesso~s o? assigns, shalt operate ro rekase, d~scharge, modify change or afiect the orginal Iiab~Gty of the MORiGAGOR herein, either in whole dr in psrt. 10. ft is spec~ficaily agreed rhat time is of the essence of this contract and that no waiver oi any obligation hereunder or of the obligaYan se- cured hereby shall at any time thereafter be held to be a waive~ of the terr.u hereof qr of the instrumenl secu~ed herby. 11. In add~t~o~ to the forego:cig month!y payments of princ'paI and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee N•ith each monrh?y payrnent an add~riona~ svm estrmafed by mortgagee to be equal to 1; 12 of the annual cost of the follow- ing: A-All real property taxrs levied or assessed agai~st thc above described real estate. B-Prerniums on fire and windstorm insurar.ce as here~n requ~red to be carried on the improvements situate on the above dezcribed premises. ~ C-Premiums ort such mwtgage guaranty insurar,ce as mortgaqee shail from t~me to time deem fit to carry on the loan secured hereby. Morrgagee shail from time to t~me ~otify mortgagor in writing of the amo~nt due and payable hereunder and such sum ahall thereupon be due and Farable on the due date of the next month!y payment and each successive month therea(ter uctil mortgagee shal( notify mortgagor of a change in such a~,ount. $uch sums sF.all be apptied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage t,~uaranty insurance o~emivms. ~ r IN WITNESS V'~HEREOF, the said 1NORTGAGOR has hereuMO set his hand and seal the day ant~ year u:t aforesaid.' / Signed, Sealed and deliv in the prescnce oi: ` ( , ~ ~ an • • J ~ s R. C 1 n ~n ~ ' ~<!(-E; -~~5ea4 Velva L, Carlson , (Seaq E ~ srare of FtoRina ~ ~ couNn oF St . Lucie ~ ~ Before me personaliy appeared .~aT~S R. Cazlson a~ ~ _ Velva L. Carlson ; - his wifa to me well knovvn and known to me to be ~ the individusls described in and who executed the fwegoing instrvment, and acknpwledged before me that they executed the same for tF~e purposes ; therein expraxd. And the said V62V8 i.. ~YISOl1 ; r+ife of the uid - .Jal~@S R. Ca11S0[! , upon a uparate and priv~te ~ examination by me taken separate and apart from her sa~id_ ~hei ~nd, ackrawtedged to and befort me thet she exetuted said instrumeM freelr and volun- : rarily and w~thout any compulsion, constroint, apPr ~ fe~ of or frqrt her said husband. ~ WITNESS my hand and official seal thi~ ~ ~sy of Jul p, ~q 73 , ' ..S~E ~ ~ , : ~ ; ° Notary Public in and for the 5!ateof~~a aT Lasffe~ ~ > My Gommiuion expires: . ~ ~ ~ Retum To: : ~ p _ . = _ First Federal Savings 3 Loan Assotiation . S"TF r'='C='':/, ~~+R~i ~ ' ; .~~r, ~ - ~ Of For1 P:erce. - ~ t ~ t~, ~ 19~ ~ - q - .Si ~h~ ~ ' - Fort Pierce. RoriJa "i C"" . " _ ~ ~ ~ ~ 1 ~ - • . . ~ ~ `1~ ~l F LEO AND ~~CpRDEp " ~'~.i = This Instrument Pre ared B ~ P Y Gary F. Ellwood S~• WCiE GOUNT1t fLA. ~ ~ { First Federal Savings 8 Loan Associatio~ RO~:.F PA+'AAS p~ s of Fort Pierce . Florida ClE?K C;::Ctf;T COURT '1p ~ PECnRD V; r^ :IEO....w~1. ~ Checked By ~u` ~O ~ ~O tu f~~ ~ 1~11 ; sb = 50[~ft ~~S 'r:st? ~7~ i i . . . . ,3 . , _ _ . . . . _ . . . . . c~._.. . ..H.ri.