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HomeMy WebLinkAbout2913 3. To ptac~ ar~d co~tinuou~ly keep on the building~ now a hereafier ~it~ate on iaid land and or~ all equipment and personally covered by this mortg~ ~g~, with •II pramiumf thereon pa~d in fu~l. fire intu~ance in the ususl itanda~d po1Ky torm, in ~ tum ~pp~oved by Ihe MORTGAGEE, and windstorm ini~renc~ in IM usual standa~d pol~cy form, in a sum approved by the MORTGAGEE, in tuch company or companies at tM MORIGAGEf may di~sct; and sll i'u~ ~nd winds~orm insurance poficiei on •ny of said buildinps, aoy inte~est thereio or p~rt thereol, in ths +ggreya~e ium ~fwc:a~d w In ~xteu tAareof, tMll cw+tain 1M ui~al standsrd mortqa9se clause w such ofhe~ claus~ ~s the Ma~gagee m~y requ~re, makii?q ths lo~s unde? ia~d polF cies, a~ch and ~very, payabla ro said MORTGAGFE a~ iti in~erest may appear, ~nd each and we~y such po:iq sh~ll be promptly ais.gned and delivered ~o •ny l?eld by said MORTGAGEE ~s (ur~her security to said matyage debt, ~nd, rat leu tl?~n ten i10) days in +dvance of the exp~rat~on ot each pol~cy, ~o da j IivN ~o iaid MORTGAGEE • renewal thcreof, topethK with a raceipt fw rhs pr~m~um oi ~uch re~*ewalt and ther~ ahall be no i~re o. windslo~m insur~ncs platfd on ~ny of said buildings, ~ny intereil Ihtrein o~ part Iherwf, v~leu in Ihe form ~nd with tM loss pay~bl~ at ~iaesaid; ~r+d in 1ht event any sum ' of monsy becornes payabte under such policy w policies said MORTGAGEE ahall Mve ~he option to receive and appfy the tame an ~ccounl of ~h~ indabted- s neu setured hereby or to perm;t said ARORTGAGORS ro reteive and uu it w any pa~1 thereof ior othcr purpose:, wi~hout Iha~ru~ waivin~ or ~n,pair- 4 ing any eQv~ty, lien w righ~ unde~ a by virtue of this mortgage; ~nd in the eveM sa~d MORTGAGORS shall fw sny reasor? fail fo keep the sa~d premi:es w ; insured, o~ fsil to delive~ promplly ~ny of said policies of insurance to ~aid MORTGAGEE, o+ ta;l promprly to p~y futly any premium therefor w in any respect fail to perform, dixharge, execule, effect, complete, comply with and abide by this cove~+ant, a a~y part hereof, iaid MORTGAGEE may place a~~d pay fa such insurance w any part tAereof without weivinp a ~ffecting a~y optio~, li~n, eq~ity, or right unde~ a by virtw o! ~hii Mortgage, and the full amovnf of eacA and every such paymenl shall be immediately dw and payabie +nd thall bear interest from ths date the~eof ~ntil paid at the rats ot nins per cent~m per annum and together wifh tuch interest sha11 be secured by the lien of this mortg~ge. 1. To permif, commit or sutfer no wasts, impairment or deterioration of said property or any part thereof. S. To pay all and sinpulsr the costs, charges ~~d expenses, including s rxasonable ~tror~ey i fee and costs of sbst?ads of ti~le, incurred a paid a~ any time by said MORTGAGEE, because a in the event of the failure o~ the pan of the said H10RTGAGOR to duly, promp~ly and fully perform, d~scharge, e,cecute, etfect, tomplete, comply with and abide by each and every the stipula~ions, agreemenfs, conditions, snd mvenants of seid promi:sory note and ~hia matyape a~y o~ eirher, and said cosq, charges and expenses, exh end evay, shall be immediately due ~nd payabte; whether or not the~e be no+~ce de~ mand, attempl to totlect p tuit pending; u+d ths full amount of esch and every s~ch paymeM shall bea~ intereit from the dats thereof u~til paid ~t rhe .ate of nine per centum per annum; and all said costs, charges and e:penses inturred w paid, together w;th sutFf interest, ahall be secured by the tian of thii mortpaQ~. 6. Th~t (a) in the evcnt of any breach of this Mortgsge w defaull on the part o( the MORTGAGOR, or (b) in the event any of ia~d sums of money herein refer~ed to be ~ot promptly a~d fully paid wi~hin thirty (30) days ~ext after the same severally become due end paysb~e, withoul demand w ewtica, o~ (c) in the event each snd every the stipulations, agreementi, conditions and covenams of sa~d promisw?y rwte and th~s mortgage any w ei~her are not ~uly, promptly and fully perfo~med, d~scharged, execu~ed, effected, completed, compl~ed with and abidcd yy, then in either o~ eny svch eveM the said ag- gregate sum ment7oned in said promissory note then rema~n;ng unpaid, with ime~est accrued, and atl moneys secured hereby, shall become due and pay- able for~hwith, w tFxreafte?, at the option of said MORiGAGEE, as fully and completety as if all of Ihe said sums of money were orginalty itipulated to be paid on sutA day, a~ything in said promisswy note oa in this Mortgage to the contrary notwithsranding; and thereupon w thereafter at the opt~on of said MORTGAGEE, without notice w demand, suit at law a in equity, therefae or thereafter begun, may be prosetuted as if all moneys secured hereby had matured pnor to ~n inslitution. 7. That in the event that at the beginning of or at any time pending any sust upon this Mo~tqage, or to foreclose it, or to reform it, or to enforce payment of any clnims hereunde., said MORTGAGEE ~hall apply to the Cour1 having jurisdittipn Iherepf for the appoinlment of a Rece~ver, such Coun shall Forthwith a~point a receiver of said mortgaged properly all and singular, intiud~ng atl and singular the intome, profits, iuues a~d revtnues from whatever seurce derived, each and every qf which, it being expressty undersfood, is hereby mortgbged as if spetificslly set fwth and dturibed in the gra~ting and habendum clauses Aereof, and such Receiver shall have al! the broad and effective func+~ons and powers in anywise entruated by a Court to s Rcceiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, ~nd without re(erence to the edequacy or inadequacy of the value of the property mwt9aged or to the sowency w insolvency of said MORTGAGOR or tht defendants, and that such renrs, profits, inc~me, iuues and revenues shall be appl~ed by such Recriver according to the lien w eq~ity of said MOR7GAGEE and the practice of auch Court. 8. To duly, promptly and fully perform, dischargq, execute, effect, complete, comply with and ablde by each and every fhe stipulatio~s, agreeme~ts. conditans and covenants ~n said promissory ~ote and this mortyage set fa~h. 9. That in the event the ownership of the mortga9ed premises, o? any part thereof, becomes vested in a person other fhan the AAORTGAGOR, !he MORTGAGEE, its succeuors and assigns, may, withaut notice ta the MORTGAOR, deal wifh such successor or successor in interest with reference to this mortgage and the debt hereby securcd in the same manner as with Mortgagor without in any way vitiating w diuharging the Mortgagors' liability Fkre- under or upon the debt hereby secured. No sale of the premises hereby mo.tgaged ard rw foabearnntr on fhe part of the /dORTGAGEE w iri successors or assigns and na exte~sion of the time fw the payment of tlx deb~ here6y secnred given by the MORTGAGEE or its successors w assigns, slxll operate ~o release, d~xharge, modify change or a(iect the originat liabil~ty of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and thar no waiver of aoy obligat~on hereunder w of tRe obtigatr~n sr cured hereby shall at any time thereafter be held to be a waivcr of the terms hereol or of the instrumenl seCUred herby. 11. In add;tio~ to the fwego:ng monthty payments of princ'pal and imerest required by the promissory note secured hereby, mortgagor covenants ard agrees to pay to mo:tgagee with each mo~thly payrnem an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annuai cost of the follow- ing: A-All real property taxes levied w asse:sed against thc above described real estate. B-Prem~ums on fire and windstorm insurance as here~n requ;red to be carried on the ~mprovements situate on the above destribed premises. C-Premiums en such mottgage guaranty insurance as mortgagee sha(1 f~om t;me to time deem fit to carry on the loan secured he~eby. Mwtgagee shatl from time ta time norify morh3agor in writ;ng of the amount due and payable hereunder and suth sum shall thereupon be due and F ayable on the due date of the next monthty payment and eath successive month thereafter ur.til mortgagee shall notify mortgagw of a change in such a~:oum. Such sums sr.ail be applied by mortgagee toward the payment of reat property taxes, insurance prem:uma, artd morfgage guaranty insurance p~emiums. IN Y~ITNESS WHEREOF, the said MORTGAGOR has he~eunto set his hand a~d seal the day and year first afwesaid_ Signed, Sealed and delivered in the presence of: ~ ~n _ Ch les er (~,p ~ ' ,I~aan K. Surb z ~ lseaq i ! STATE OF FLORIDA ~ ` sr. Lucre - couNn oF - t ~ Befare me personally appeared Charles J. Surber e~ ~ Joan K. Surber his wife, to me wett known and known to r++e to be ' the individuals dtscribed in and who executed the foregoing instrument, and ackrwwledged befwe me that they exetuted ihe same fw the purposes i ! rherein expressed. And the sa~d Joan K. Slxrber f wiie of the said Charles .J. Surber vpon a sepsrate and private ; exam~natlon by me taken separate and apart irom her said husband, acknowledged to and before me that she ezecuted ssid instrument freely and volurr f ranly and w7rhout any compulsan, consrraint, app~he~on~ fear of or from her said husband. F WITNESS my Iwnd and official seal thii day of ~l A D. 19~~ 3 ~ Notary Public i/~ and 4~ir the State of Florida ~t lsrge My Commisiwn eapires: . ; Retum To: • . : a,` J , ' First Federal Savi~gs d~ loan Association ~~7,7'1~ ~ • • j i Of Fcrt P~erte. f ~ r' s Fort Pierce, flcriua , ~.'i~, ~r ~TaTF n! rLf'R!DA BS ~ ~ O _ _ ` ~ _ , . . • ~ , ; a!~. ~r ~C , _ ~ - t~~iu+atRY - ~ ..y . ~6t~~4+0 : Qt ~ _ ~ ~ _ ~ • This Instrument Prepared By RiChdrd K. Kdyes ~ t~ First Federal Savings b loan Association FI~EO a!+~ RECpqp[p ; of Fort Pierce ~ FlOrlda St.WCI~ CQUNTY 14A. ST;,T"c C~.;:'~ : RO~~k fa~TR~3 '~~~r,~c<<,u?,~ s CLERK C:.~vJ~T COUR ~ft Checked By t RE:~k^ ~~E~'•~F:ED 3 ~ui 30 3 ~i PM'~3 _ . . ~ ~ fl~21S 2~~.~ - - ~ : ~ - _ _ _ ~ . ~ _ - , ~ _~~~~y_~.