Loading...
HomeMy WebLinkAbout0135 3. To place and continuously keep on ~he buiid~ngs nc+w or herea(tsr •~ewte on ss~d land and on all equ~pment and penon~lty covared by ~hii mo.tg~ p~, with all p~emiumi thereon pa~d in full, (~re insurance in the usual standa~d policy form, in • sum approred by 1he MORSGAGEE, ~~d windstam insu~a~c~ In ths uiual ~randa.d pol~cy fwm, in a aum spprovcd by th~ MORTGAGEE, in iuch company w compa~iei ~i Me MORTGAGEE m~y direct; ~nd sll fin and w~aditorm insuranca poltues on ~ny of is~d build~~s, any interest the~ein or part thereof, i~ the ayg~egste wm ~faesaid a In ~xcess Ihcreof, shall contain the usual standard mwrgagee clause or such o~hrr tl~use ~s the Morfpagee may requ:r~, makirq the lo~~ unda sa~d poli- ciss, e~ch and every, payabfe to said MORTGAGEE as its interei~ may appear, ~nd rach and every ~uch policy shall be promptly ass.flncd and delivered to any held by ieid MORTGAGEE as further ~ecurity to said mo~t9age drbt, and, not lass tlun fen (10) dayt in advance of the expiration ol e+ch policy, to dr liva ro as;d MORiGAGFE a renewal thereof, )o9e~her with a receipt for the premium ol scch ~eaewal; and iher~ shall be no f~re or winde~orm inwronce F1IKfd OA ifly of said bvildingi. ~ny i~terett ~herei~ w psrt thereof, ~nleas in the form and wiih Ihe lou payabt~ as afwessid; and in the evenl any sum of mooey becomea payabte urde~ such policy or poGcios said MORTGAGEE shall have ths op~ion to receive and appty the same on accouro of the indebted- neu secured hereby a to permit ssid MpRTGAGORS to rcteive and use if or any part thereof f~ otncr purposes, without th_rco~ wa~vi~i~ o~ ~mpair- infl a~y equ~ty, lien a right under w by virtue of this mo:tgsge; and in the avent ta~d MORIGAGORS shall fa sny reason fait to keep the said premisri so insu?ed, or f,i~,-fo liver promptly any oi sa~d policies ot in~urarxe to sa~d MORTGAGEE, w fail promptly to pay futly any prem~um therefor o. in any ~esped fail to perfam, d~xharge, execute, ef(ed, complete, comply with aod abide by this coveoant, or any part hereof, sa~d MORiGAGEE mny place and pay fw such insvrante or any part thereof without waivinp w ~ffectiny a~y option, lien. equity, w right unde? or by virtue of ~his Matgage, and the full amou~~ of aach u+d every ~uch payment shall be immediately due and papable and shall bear interes~ from the date thereof untii paid at th~ rara of nine per centum per annu~n and together with such interest shall be sec~red by the lien of this mwtpaye. t. To permit, commit or svff~v no waste, impai~ment o~ deteraration of sa~d property p any paA thereof. S. To pay all and sirpulu the costs, charges and expenses, inctuding a ~easonabte attaney i fes and costs of abstracts of title, incurred a paid al any time by wid MORiGAGfE, because w in the event of the failura on 1he part of tM said MORTGAGOR ro duly, promptiy and futly pe~(arm, d~uharge. execute, effect, compkte, compty wi~h a~d ab:de by esch a~d every fhe stipular~ons, agreements, conditions, and covenants o4 said promi:sory no~e and ~his mortgage any w either. snd said costs, cha~gea and expenses, e~ch and evKy, shall be immediately due and psyabla; whether or not there be no~ice da mand, attempt to cotlect or suit per+d~rg; and the full arraunt of each and every svch payme~t shal! bear infe~ea! f.om the date thereof until paid at the rate of nine per cenrum per annum; anc! all said costs, charges and expensea incurred w paid, together w~th suth interest, shall be secured by the lien of thif mortpage. 6. That (s) in fhe event of any breach of this Mortgsge o~ defaull on the part of the MORTGAGOR, or (b) i~ tF~e event any of ssid sums of mo~?ey hercin ?eferred to be no~ piomptly and fu?ly paid wiehin ~hirry (30) dsys nex~ after the same severally Ixcome due and payable, without demand w no~ice, or (c) in the event each and every ~he stiputations, agrcerrants, conditions and covenants of sa~d promiswry note and th~s mor~gage any or either are naf ~uly, promptly and fully performed, d~xharged, execvted, effected, completed, complied with and abEded by, then in either w a~y such event the sa~d ag g.egate wm mentaned in said promissory note then remaining unpaid, wilh interest acuued, and all moneyi secured Ixreby, shall become due and psy- eble fathwith, or thereaiter, at the optioo of said MORTGAGEE, as futly and comptctety as i( aN of the sa7d sv~ns of money were aiginally ttipulated ro be pa;d on such day, anythirg in said p~omissory note w in this Mortgage to 1Ae contrary notwithstanding; and thereupon a thereafter at the option of sa~d MORTGAGEE, w~thout notice or demand, suit at law w in equity, the~efore or thereafte~ begun, may be prosecuted as if ali moneys ~ecvred hereby had mafu?HJ prwr to its institution. 7. That in the eveM that at the beginning of or a? any time pe~ding any suit upoM this Mortgage, or to faeclou i?, or to reform H, or fo enfwc~ paymcnl ot any claims hereunde~, saed AAORTGAGEE shall apply to tFu Court hav~ng jurisdicfion thereof ior the appointment of a Receiver, such Court ahaN Fwthwith appoint a receiver of said mwtgaged prope~ty all and singular, includ,ng all and singular the income, profLts, iuues and reve~ucs from whateve~ seurce derived, each and every of which, it kxing expressly understood, ~s hereby mwtgaged as if specifically sN fo~th ~nd described in the granting and habendum dauses hereof, and such Receiver shail have all the broad and effeciive fund~ons and powert in anywiu entrusted by a Courl ro a Reteiver, and sJCh appo'~ntrrfent shall be madt by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mptgaged or to the wivency or insolvency oi said MORTGAGOR p the defendants, and that such rents, profin, income, issues and revenues shall be apptied by such Receiver accoid,ng to the liert or equity of said MORTGAGEE and the practice of such CouA. 8. To du1y, promptly and fully peiform, d~uharge, execute, effect, complete, compty wi~h and abide by each and eve~y the stipulations, sgreements, conditwns and covenaros in sa~d promissory note and th~s mortgage set fwth. 9. That in the event fhe ownership of the mwtgaged prem;ses, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its sucteuws and assigns, may, without notice to the MORTGAOR, deal wiih such successw a successor in interest with refe~e~ce to this mo~tgage and the debt hereby secured in the same manr~r as w~th Mortgagor without in any way vitiating p d'+uhargeng the Mwtgagois' liabjlity F?ere- under or upan the debt he.aby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its successon or assigns and no extens~on of the time ia fhe payment of the debt hereby secured given by the MORiGAGEE or its iuccessor• or auigns, stiall operate to reiease, d~uharge, modify change or aFfect the orig]nal l;ab6lity of tFx MQRTGAGOR herein, either in whole or in pa?t. 10. It I~ spet+f;catly agreed that time is of the essence of this contract and that no wiiver of any obtigatio~ hereunder or of the obligation sr cvred hereby sMlt at any time thereafte~ bt hetd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add.t~en to the forego'ng monthly payments of princ"pal and interest required by tF~e prom~ssory note secured hereby, mortgagor covenawts and agrees ro pay ro mortgagee N~rh each momh:y payment an add~~ional sum esnmated by mortgagee to be eqval to 1/12 of the annua! cost of the toliow- ing: A-All real property taxes le~ied or assessed against the above descri?~ed reat estate_ B-Prem~ums on f~re ar.d windsrorm insurar.ce as herein requ~red fo be carried on the imp~ovements s+tvate on the above described premises_ C-Premiums on such mortgage guaranty :nsurance as mortgagee shall from teme to time deem fit to tarry on the loan secured hereby. Mortgagee shail from time to ~ime notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be d~e and ~ayable on the due date of the next monthty payment and each suctess~ve month ti~ereafter ur.tit mortgagee shall notify mortgagor of a change in such a^;ount_ Such sums shall be applied by mortgagee toward ~he payment of real property taxef, insurance p~em:ums, and mortgage guaranty insurance premiums. IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and ear ~irst aforesaid_ ~ Sgned, Seatec! and det' ered in the presence of: , r~ ' rcean ' ~ tsea4 i SeaQ i . (Seal) I ~ SiAif OF FtORIDA ~ ~ couNn oF St. Iucie u' f ~ Befwe me personally appeared Dcmald J• ~1.19m8 a~ E - J0811 C• w~~A~18 his wife, to me well known and known to me to bs ~ rhe iod~viduaTs dexribed in and who executed the foregoing ;nstrument, and acknowledged be{we me that they executed the same for the purposes f therein expressed. And tF~e said J081'1 r. • W~181118 ~ wife of the said Donald J• w~283R$ trpon a separale snt! private e,camination by me taken separate and apart f~om her said hus n t ack~ ge and before me that she exetuted said instcypw?t~ freo{y and volun- ' rari'ry aad without any comp~Ssion, constraint, appre i,CarLfear o or from her ia' husband. { ~Z . ti~ ~ ' . - WITNE55 my hand and official seal thi day or Jn -....y~ ~fd~q . vJ i ~ " ; Notary Public in and fw the S~a~ ~ fI~I'da [w~ ~ _ ; My Commiuion expires: " fl ~J = Retum To: - = ,1 ~j ^ : " First Fede~sl Savings a loan Asyxiation ~ ~ ~ : ~ Y Of Fort P~erce. NOTI?Rlf p(JBUC. STATE O~ fL~1~1~A~.4A~??:~~ ~ . z Fort Pierce, Floreda ~r,+ ~ MY CO!V"ttS~lOt~ EXpIRES 1 ? ' ~ ~ tv ~~r,frican Bfnkers ~fry~.~;~1if~K~•~~~~` i : zso~o~ . > This Inst~ument Prepared By E. $rg~ FILED AkC RECORDEO ~ ~ ; First Federal Savings $ Loan Association ST. LUCIE ~OGMtY F~A. k of Fort Pierce , F"iorida ROCEa vcN7AA5 CLERK Ci?~[UIT COUIit h : Rc~GRp vc: FsEJ ~ Checked By , A~c I 3 i~ PN'73 ; - 217 r~~~ ~.33 ~ 4 X . , _ _ - - - _ ~ : : - . _ _ . _ .