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HomeMy WebLinkAbout2780 f ~ i J. ?o place and continuou~ly keep on the bui!dings now er herea(ter fi~uat~ o~ ia~d land and oe~ ~II equipmeM ~nd personat~y covered by Ihis mor~g~ ~g~, with al) p~emiumt thereon pa~d in fuil, fire i~sur•nce ~n the usual standard po~icy fo~m, i~ a ~um approved by the MORiGAGfE, and w~ndstam insurane~ in tM utiwl itandard pof~cy (wm, tn a tum app~oved by ths MORiGAGEE, in such company or companies as ~he MORiGAGEE may d~rect; and all fire a.+d w~ndstorm insu~ance policiei o~ ~ny of sa~d bviid~~+ps, s~y intere~t therain o~ p~rt thereof, in the +ggreg~~e ~um atoresaid o~ i~ exc~sf thereof, ihall contain ths u~ual ~~andard mortgapet clauss w ~uch other tlaute as the Mort~age~ m+y requ;re, makinp tFa lou unde~ sa~d pol~ ue~, each and evsry, payabls ~o said A10RTGAGEE at its intcre~t may ~ppear, ~nd e~ch and every wch po~icy ~hall be promp~ly aug~cd and delivered ~o +ny held by said MORTGAGEE ~s furiher secu~ity to said matgaQe deb~, and, not less than ten (10) days in advance of ths ezpiration of each pol~cy, to d~- Iivtr to taid MORTGAGEf • renewal thereof, topethN with a receipl fw tMt ptemium oi such ~enewal; and Iher~ shall be no fir~ or windstorm insuranc~ plscad on any of u~d build~ngs, ~ny interes~ tMrein or p~r~ thereof, unles~ in ~M form ~nd with th~ loss pay~bk aa •fw~said; and in the ~vent any sum of mo~ey becpmes p+yable unda such policy a policies uid MORiGAGEE shalt Aaw the optan 10 ~eceive and apply fhe s+m~ on account of Iha indab~ed~ nes~ secu.ed hereby or ro pe~mit said MORTGAGORS w rcceive ~nd uss it w any pa.t thereot for o~her purpoacs, wi~hout Ih_rru~ wai~i•~g o. ~~~~pa~~- ing any equ~ty, lien w righl under w by virtve of ~his mo:tgaye; ~nd in the eveN ~sid MORTGAGORS shall {or a~y resson fail to keep the ~aid premises so insvied, w fail to detiver promptJy any of uid policies of ;nsursnce to sald MORTGAGEf, a fail promptly ro pay fully any pre~nium theretw or in any respcct (ail b perform, diachu9e, exxWe, e1fM, complete, comply with ~nd abid~ by thi~ covenant, w any pa?t hsreof, said MORTGAGEE may pl~ce a~.d paY tor ~uch irourance w sny pan thereof w~thout waiving o~ affecring any option, lien, eqv~ty, or ~igM under or by virtw of this Mwtg+~e. and the t tull amount of cach ucd every such payment sMll be lmmediately dw a~d payable and shall bear interes~ from ths date therea( until paid at the ~ate ol j nine per centum per annum and togNher with tuth ~nferes~ ihall be iecured by the fien of this matgsge. ~ 1. To permit, tommit or suffet no wasfe, impairment or deterioration of said properfy o? any p~rt fhereof. 5. To pay af( and sin9ulu the cosb, charges ~nd expe~ses, includinp a acaso~sble ~ttwney'a fce and costs of abstracts of ti~le, incurred or paid at eny time by said MORTGAGfE, because w io the evero of the failure on tF+e part of the s~id MORTGAGOR to duly, prompNy end fu11y pe~iwm, d~uhargs, ! execute, effet+, com lete, c 1 with and ab:de b each and every the sti latcons. ~ P ~P Y Y Pu agreements, conditior?t, and covenants of said promissory note and ~his mortgags ~ny or either, and sa~d cosrs, charges and expenses. each snd every, s!»II be immediately dve and payable: whether or not the~s be no~ice da~ mand, attemp~ to colled w suit pend~r+gt and the tull amou~t of cach and every such paymem shall bear in~eres~ from the date thereof vntil pa+d at the rare of nine per ceotum per annum; and all said costs, cha~ges and e~penses incurred w paid, together w~th suth intertst, fhall be ietured by the lien of thi~ i mortyage. J 6. Ths~ (a) in the event of any breath of this Mortgage o? default on the part of the MORTGAGOR, a(b) in the evcv~t any oi said tvrt+s of mo+?ey ~ herein referred to be oot prompdy aod fully paid within thirty (30) daya riext afte~ 1he same sevcrally become due and p+yabte, without d.mand or notice. or (c) in the event each and every the stiputations, agreements, conditions and covenants ol sa:d promissory note a~d th~a mortgage any w either are not iuly, promptly and fuliy performed, d~xharged, executed, effected, compfeted, complied with and abided 5y, then in e~ther o? any such event Ihe sa~d ag gregate sum menta++ed en said pranisswy note lhen remaining vnpaid, with intereat accrued, and all mo~eyi setured hereby, shall become due a~d pay~ eble fathwith. or thereafter, at the option of said MORTGAGEE, as fvlly and completely as if all of the said sums of money were wig~nally stipu7ated to be pa~d o~ svch day, anything in sald promiuory rate or in this NbngaQe to the contrary notwiths~anding; and thcreupon or thereafter at the op~ia~ of said MORTGAGEE, without notice w demand, suit at law p in equity, the~efwe or thereafter bcgun, may be prosecuted as ii all moneys tecured hereby ! had matured pr~or to its imlitutan. 7. That in the evcnt that at the lxginrirg of or et any time pendirg sny sui~ upon this Mwtgage, w to fweclose it, or to reform it, or to enforce payment of any claims hereunder, sa+d MORTGAGEE shall appty to the Goun having jurisd~aion ~hereof fa the appointment of s Receiver, svch Court shalt forthwith appoint a receiver of said mortgaged property alI and singula?, includ~ng all and aingular the incomr, profits~ iuues and revenues irom whatever ~ seurce derived, each and every ot wh~ch, it being expresaty understood, is he~eby mortgage~ at if speciticslly set (orth and deKribed in the g~anting and ~ habendum clauses hereof, and suth Receiver shall have all ~he broad and effective funct~ons and powers ie anywise entrusted by a Cou?t to a Receiver, and s~ch appoin~ment shalt be made by such Covrt as an admitted equity and a marter of absolute righ~ to said MORTGAGEE, and without refere~ce to the ~ adequacy w inadequacy of the v~lue of the p~oprrty mwtgaged w to the sorventy or insolvency of taid MOR~GAGOR or the defendants, and that sucF~ ' rents, ofits, income, issues and revenues shall be a lied b such Receiver accord~ /o the lien w ~ Court. ~ PP Y ^9 equity o! sa~d JNORIGAGEE snd ~hc practice of such ! 8. To dufy, promptly snd fuily pe~fwm, discharge, execute, eifect, complete, comply with and ab~de by each and every the stipulations, agreemeMS, ; conditions and wvenants in sa~d p~omissory oote and this mortgage set forth. 9. That i~ the evem the ownership of tF+ee mo~tgaged premises, or any pari thereof, becomes vested in a person other fhan fhe MORTGAGOR, the ' M,pRTGAGEE, in succeuws and sss~gns, may, without ~orice to the MORTGAOR, deat with such successor or successw in interest with refere~ce to thit mortgage and the debt hereby secured in the ssme manner as with Nbrtgagor without in any way vitiating or diuharging the Mwtgagors' liability herr under or upon the debt hereby secured. No sale of fhe prem;srs hereby mortgaged and no forlxarante on the pan of the MORTGAGEE w its successws or assigns and no exte~sion of the time fa the psymen~ o! the debt hereby secured given by the MORiGAGEE or its successors o~ auigns, shall ope+ats to ralease, d~xharge, modify change u affett the original liability of the MORiGAGOR herein, either in whok a in pait. 10. It is speuficalty agreed rhat time is of the essence of this confract and that no waiver of any obiigatan hereunder or of the obligafan sr c~red Aereby shall at any time thereaftsr be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add~tion to the forego:ng mc~th!y payments of prinCpal and interest required by the prom~ssory nore secured hereby, mortgago? cpvenants and agrees to pay to mortgagee vvith each monfhly pay~ient an add~rional sum estimared by mortgaqee to be equal to 1/12 of the annual cost of the foilow- inq: A-A!I ~eal property taxes levied o~ assessed against the above descr;y~ real estate. ~ B-Premiums on fire and wi~dstorm insurar.ce as herein requ:red to be carried on the improvemeits situate on fhe above describtd premises. C-Premiums on such mwtgage g~aranty ir.surar.ce as mortgagee shaif from t%me to time deem fit to carry on t!x loan secured hereby. Mortgagee shall from t;me to t;me norify mortgagor in writing of the amount due and payable hertunder and such sum shall thereupon be due and , Fayable on the due date of ehe next montMy paymem and each success~ve month thereafter urtil mortgsgee shall ~atify mortgagor of a change in such a~~o~nt. Such sums sF.atl be app'ied by mortgagee toward the payment of rea! property taxes, insurance prem:ums, and mortgage guaranty insurance r.remiums. IN TNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sesl the day and year first aforesaid. i S' , Seated a del' r ' tFx presence of: y Witnesses as to sig- ~ ~w-~ ~~s~,q # j ture of Keith T Presto ~,q ~ ; Witnesses as to sig- ~ ~;d-!-~ ~t,~~~f t . _ !~an { f re of Maureen Preston Maureen Preston 4 E SiATE OF fLOR(DA ~ ST. LLICIE ~ i couNnr oF ~ Befwe me perwnally appeared Keith T. Preston t to me well known and known to me to be ~ the individval desvibed i~ and wF?o executed the fw instrurrKnt, ant! acknow! poses ~ egang edged before me that he executed the same~ ~1N''1fI!",pur iherein expressed. ]6~~ ~ = ' , s ~ } )f7l°R'x~P 70~ lk~CliOb~']E € OOf~C ' ~ WITNE55 my harx! and official seal thi dey of Jul ~ ~ ~ q~ E ' SiATE OF ~RY~N~ = ^ r3 ; S5. i~ I COUNTY OF Notary Pvbl'~y in a' tor the $tate of ~ t; ~ ~ ? Mauzeen Preston My Commiuion ~x~~~: _ :~~1 Before me personally appeared . - - ~ to me well known ~nd~kno'w'~l•to'1A~~10 be the individusl deuribed in and who executed the foregoing instrument~ and atknowtedged before me fhat §he execvted the wme io? !hI purposes therein expressed. And the said Maureen Preston / ~ Keith T. Preston ~ ~ „re" „6 i~,a ~v~;e of the said P~ D~„ M examination by mr taken separate and apart from her said husband, ackrawledged to and before me that aF?e e:ecuted said ir?strumenl •k'e~ ~-and volun- : ra~iiy and without any compulsion, constraint, apprehension, or fear of w from her ssid husband. f~~ ~ 9(l.i~~ ~ W I T N E S S m y h s n d a n d o f f i c i a l s e a l t h i i d a y o f ~ Jtily p, 1 9 ' ~ C~ ~ 1 . ` fILEO AHL' RcCOR0E0 4 ST. LUC(E COUMTY FLA. otary Fublic in ay for rhe St+t~~2~~ pe ~ o, i ROCER POITRAS My Commission !'xpires: b ' ~ Retum To: CLERK ~~RCUIT C^!'P.Tnl ~ 7'~ ~ 1`~ • a First f e d er~l Savi n gs 3 Loan Associat~~C ~Z F; f I E Q p . C` ~ t ; Of fort ?[e:ce. ~O + ~V . ~ 1 ~ ~ • , , Fort Qierce, florida Ju~, Q Zo AH '73 ~ . ' ~ ' • _ ~1~1(~~U fAf~~~O.L . ~ ~ , _ . - - - - - - - - - - - - - _ .