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HomeMy WebLinkAbout0512 To place and continuously 4eep on Ihe bui!d~ngf now w he~eaf~s~ ~ftuatt on said land and on atl equipment •nd psrsonally covered by 1hi~ matg~ sg~, with all premivmf fhereon pa~d in fvll, fire insurance in the usual standard policy form, in a tum spproved by the MOR(vAGEE, a~d winds~orm in~wanc~ in ths ususl ~tandard pot~cy form, i~ a sum approved by ihe MORTGAGEE, i~ such company o? companiea as ths MORTGAGEE may directj ~nd all tir~ ~nd windstorm insurance policiet on any of seid b~ildingt, a~y interest therein or p~rt thereof, it? the aggrega~e ~um afwessid w in e~ccau ~hereof, sMlt contai~ rhe usual sfanrla~d mo~rgapes clauss w ~uch other clauss ai the Mortyages may requ~re, matinp the lou under sa~d poli~ cief, each and svery, payabls 1o si~d MORTGAGEE as itf interest msy appea?, and each and every :uth policy shall bp promptly a~s.gncd and de~ivered to any held by said MORTGAGEE as fu~the~ secu~ity to said n~wtgage debt, and, not leu than ten 110) days In advance of the expir~tion of each pol~cy, ~o dt- 1ivN 10 ~aid AAURTGAGEE a renewal thereof, tope~htr with a rece~pt fw IM premium oi such renewal; and there shall be no fire or windstorm insur~oce plated on ~ny of saiti buildings, any interesl therein or par~ thereof, unleu in the fwm end wi~h tM ioss payabte at aforesaid; and in rhe event any sum of mon~y become~ payable unde~ ~vch policy or polic:as said MORiGAGEE ihall have the opt~on to rece~ve and apply the same on accounl of the indrbted- ~eu iecured hereby w to petmit said MORTGAGORS to reteive •nd us~ it p any part the:eof for omcr purposes. WIIIlOJ1 th>reo~ waivi:~g or ~mpair- in9 a~y eqvity, lien w righl untler a by virtue of fhis morrgage; and rn tha tvent wid MORTGAGORS shsll fa ~ny reaso~ iail to keep the said premisas so insu~ed, a(ail to delive~ p~omptly ~ny oi uid policies of in~~rance to said MORiGAGEE, o~ fail promptly to pay fu11y any pranium therefor or in a~y respett fail ro per(orm, diuharge, execule, effecl, complete, comply wi~h a~d abide by this covenant, or sny part hereof, said MORTGAGEE may place a~~d PaY f« ~~h inw?ance o~ any part thereof without waiving w ~ffectin9 any option, lien, equity, or right under or by virtue of thi~ Mwtg~ye, and thc ful{ amovnt of each arx! every s~ch payment sMlt pe immediatety due and payable end shall bear inte~est from the date thereo( until paid at tha ~ate ot ~~r+e pa centum per annum and to~ether with such i~reresr shali be :ecured by ~he lisn of fhis mortgsge. 1. To permit, eommit or suftc~ no wastc, Impairmenl w deterioratio~ of sa~d properry o? any part thereof. S. To pay sll and singular Ihe costs, charges ~nd expenses, including a reasonable attwney i fes a~d costs of abstracts of title, incurred w pald at any time by said MORTGAGfE, because or in the event of the failu~e on tne pa?t of the said MORTGAGOR to duly, promptly arwd Fully perform, d~scha.qe. execute, ei(M, comptete, comply w~rh and ab~de by ~ach snd every the stipulstions, ag~eements, condition~, and mve.~anrs oi ssid promissory note and this mortgage any w ei~her, snd sa~d cosq, charges and expenses, each and every, shall be immediately due and payabfe; whether p not there be ~otir_ d~ mand, attcmpt Io colkct w auit pending; ~~d the futl amount of each and every such payme~t shall bear interesl from IF+e date thereof u~til paid at the rate o! nine per centum per annum; and all said costs, charges and expenses incurred or paid, ~ogether w;th a~;ch interest, shall be iecured by the lien of th~~ . mwtgags. 6. That (a) in the eveN of any b~each of this Mortgage w default on ti+e part oi the MORTGAGOR, or (b) in the event any of said sums of money here7n relerred to bs not promptly and fully paid within•th~rty (30) days nezt aftrr the same xvcrally become due snd paya~le, withouf dema~d a notice, or (c) in the evcnt each and every the stipulations, ag~eements, condifio~s and tovenants o('sa~d promiswry note and th~s mortgsge any or tither are not ~uly, promptly and futfy perfwmed, d~uharged, executed, efteded, completed, compl~ed with and abided by, then in e~ttur w any such event ~M said ag gregate ium meMioned in said p~omissory note the~ remaining unpaid, with iroeres~ accrued, and a1I money: aetured hereby, sha0 become due and pay- eble forthwith, w ihereafter, at the opt~on of said MORTGAGEE, as ivity a~d complete~y as if al! of the said wms of money were w~ginally stipulated to be pa~d on such day, any~hing in sa:d promissory ~ote w in this Mortgage to the con~rary notwi~hstanding; and tl+ereupon a thereafter at the opuo~ of , said MORTGAGEE, without r+otice or demand, suit at law w in equity, therefore w thercafter begun, may be proxcuttd ss if atl moneys secvred hereby had rt?atured pnw to ifs irutitution_ 7. ihat i~ Ihe event that at the begtnning of or st any time pending any suit vpon this Morfgage, w to fweclose it, or to reform i1, or to enforce payment ot any cfaims hereunder, said MaRTGAGEE shall app~y to the Court hsv~ng jurisd~ction thereof fw the appo~~tmeM of • Receiver, tuch Court shaN fcrthwith appoinf a receiver of said mwtgaged property all and sinqulas, inctud,ng aIl and singutar the income, proti~s, issues and revenues from whatever source der~ved, each and every qf whKh, it bei~g expressly unde~srood, is hereby matgaged as ~i speufically set fpth and dewibed in the granting and habendum cla~ses hereof, and such Receiver shall have alI the Moad and effective tuncf~ons and powers in a~ywise enUusfed by a Court to a Receiver, and s~ch appoin~ment shall be made by such Cou:t as an admitted eqvity and a matter of absolute right to ss~d MORTGAGEE, snd without reterence 10 1Fe edequaty a inadequacy of tha value of the property mo~tgaged or to the wlvency or irisolvency of sa~d MORiGAGOR or the defendants, and that such ren~s, profin, income, issues and rerenues shall be applied by such Receiver accorduig to the lien or equity of wid MORTGAGEE and the prattite of such Gourt. ' 8. To duly, promptly and fully pe~fwm, dischargs, exccute, effect, complete, comply with and ab~de by each and every t6e stipulations, agreements, conditions and covenants in sa~d promisswy note and fhis mortgage set forth. 9. That in the event the ownership of the mwtgaged premi:es, or any parf thereof, becomes vested in a person other than tl+e MORT(',AGOR, the MORTGAGEE, its success~s and assigns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with reference to this mortysge and tF?t debl hereby secured in the same man~r as with Mortgagw withour in any way vitiafing or diuharging the Mortgagors' liability herr under w vpo~ the debt hereby secured. No aale of the premises hereby mortgaged and no forbearance o~ the part oi the MORTGAGEE w its auccessora or assigns and no extension of the time for the payment of the debt hereby secured given by tF?e MORTGAGEE o. its tuccessors or au~gns, siwll optrate ro release, d~uharge, modify change or affect fhe orig~nai lieb;l~ty of the N10RTGAGOR herein, either in whole w in pa~t. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured F~erby. 11. In add;tio~ to the forego:ng :r,onthly payments of princ'pal and interest requi~ed by the p~omissory note secured hrreb~, mortgagor covenants and agrees to pay to mortgagee v~.~th each monthty payr:,ent an add~rional s~m estimated by mortgagee to be equa{ to 1/ 12 of the annual cost of the follow• ~ng: ' A-All real pro rt taxes levied or assesscd agai~st the above described real esta • B-Premiums o~ f~re and win s nce as herei~ requ:red t e on the improverner~ts situate on fhe above drscribed premises. C-Premiums on such mwtgage gvaranty insuran agee shall from Kme to time deem fit to carry on the loan secured hereby. Matgagee shall from t~me to time notif gagor in writing o n! due and payable hereunder and such sum shall thereupon be due and F.ayable on the due date of the ne .y paymenl and each_ succrssive month t er r.til mortgagee shall notify mortgagor of a change in such amount. 5uch sums sbai! p~ed by mortgagee tarvard the payment of real property taxes, insuran~m:ums, and mortgage guaranty insurance ~~emiums. > IN WITNESS Y~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year fi~st afor~said. ~ Sign~d, Sealed and delivered n presence of: , f ~ an ~ ~ ~ ~ a4 {5eaq STATE OF FLORIDA ~ ~ ` couNrv oF ST. LUCIE ~ ~ eefore ~„e personatty appeared - MP1 v? n F. _ St~rran _v a~ ; Audrev R. Surreney h„ W~r~, to me well known ~~~kFowir;to me to be i the individusls deuribed in and who executed the {wegoing instrument, and ackrww! ~ ~ edged before me that they executed,•f{~~ ~Same ~fbb~Jlli~ pyrppses Audrev R. Surrenc : . ' - ,_TM ~ - . t thero~n e:pressed. And the uid Y , i• ; ,Nife of the said tipoh~p sep~rih~~ttyffe. E examination by me faken separate arr,! apart from her said husband, xknowledged to and before me that she execulad~e' ~~t ftu~eiit'1r~ly and:vOlylZ- rar;Iy and wlthout any compulsion, co~straiM, apprehen or fear of w from her id husband. = ~_'~7 : = WITNESS my hand and offic~al seal this- day of ALl LlSt 0 Dr 19~ . ' • , , =a= Notary Public in and fw 1ht~S)ad1~i,~lorid t, ~ Return To: My Comm;uion expires: ' • \ ; S~UTARY P!lBtJ~,~~if~t~~t ~i;:~'~ ~t : firtt Federal Savings 3 loan Association ~!!G'1SS(d:~~f~lPtPi~3 . Of Fort P:erce. ~„~EQ ~Y Iv:16(lC2t1 G~G}'.?:S :~S~r„'i.. Fort P;er~e, Florida i ` F~~~f :r, ~-c~,~Eo ~ ST.~~j~• :~:ti-~:LA. ~ ' "tic ' This Instrumer+t Prepared 8y J. Hal Roberts, Jr. ~.r;_ C~:/kT t First Federal Savings 8~ Loan Association of Fort Pierce , Florida ~Uu ~ ~f ~4 1~~ 1~ t ` Checked By`~_ j~s~~j8~ ~ 0 : ~ $UOK ~1~ PA6f eJlJC7 ~ . ~ ~ ~ - _ - - - ~ - - r - .a x.~~. . ~ - ~ ~ ,~G ~ _ . . ~~~:s.