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HomeMy WebLinkAbout0522 3. To plate and conti~uously keep o++ the bui!d~~g~ now a F+ereafte~ s~tuate on said Iand and o~ all equip~nen~ ~nd pe~tonally covered by thi~ nwr~g~ sg~, with aIl premiums ~hereon pa~d in full, iiro insuronce in 1he us~al standard poticy iorm, in a sum approved by tlx MORTGAGEF, and w;ndstorm iniunrtce in tM u:val :randa~d pol~cy fo~m, in a sum approved by ~he MORIGAGEE, in tuch company w companies a~ ?M MORTGAGEE may direct; ~~d alt tire and w~ndi~orm i~surance policies on any of iaid build~nys, ~ny intere~t tF?erein or p~i1 ~hereof, in tM aggregate sum afwesaid o~ In txtess thcr~oi, ihall contain the usual s~andard matgagee clause or such other clavq at the Mortgages may requ~re, makin9 the los~ u~der sard pofi~ cies, each ~nd every, psyable to s~id /~10RTGAGEE as irs interesl may appea~, and each a~d eve~y s~ch pol~cy shall be promptly ass gned and delive~ed ~o •ny held by s~id MORTGAGEE as further sec~rity lo uid morlgage debf, and, no~ leu ~Fa~ ten (10) d~ys in advance of rhe txpiration of each polity, to da tiver fo taid MORiGAGEE s~enewal thc~eof, topetMr with a receipt fw the premium of suth renewal; a~xl there shall be no frte w windslorm insuru+ce pl~ted on ~~y of said b~ilding~, ~ny ;ntereil tl?Ke~n a parl tMreof, unless in the form srxi witF? 1M iou payable at afuesaid; and in the event any sum of mo~ey betpme~ peyabie undar such poiicy or politiws said MORTGAGEE ihall havs the oprion to receive and apply the ~sme on accovnt of the indeb~ed- neu setured hereby o~ to permit said MORTGAGORS ~o reteive a~d us~ it a any part ~he:eof fo~ othcr purposes, v.iihout ~hareu~ .vaiving or u,~pa~r- ~ng any eQuity, lie~ or r'~ght under w by virtue of thii more~age; snd in tM ~vem said MORTGACtORS sMlt for any reasorc fai) to keep the s~id premisrs io in~ured, q ial! !o delive~ promptly any of said policies of i~sura~ce to said MORTGAGEE, or faiE ~romptly ro pay fully any premium therefor o~ i~ any re~pect (ail ro ps~fwm, discharge, execute, effecl, complete, comply with and ~bidr by thii covenan~,~er any part hereof, iaid MORTGAGEE m~y place and pay fw tuch ins~?a~cs or any part thereof without waiving q affecling any option, litn, equity, or right ~~der w by virtue of this Mo~tga9e, ~nd tht full smount of each and every such payment shall 6e immediately due ~nd payable snd shall bear interest'from the date Inereof until pa~d at the rate ol nine per «ntum per annum ar~d to~elh.;r with such interest shali be secured by the tien of Ihis mortgage. 1. To pe~mi4 commit w suffer no waste, impairme~t o? deterioration of ~aid properry a any psrt thereof. : S. To pay a!I aod singulsr the cost~, cha?ges snd expenses, including • ressonable attorney's fee and costs of abstrads o( title, incurred or paid at ; any lime by said MORiGAGfE, because w in ti+e event of the faituro on the part of ths ssid MORTGAGOR to duly, promptly snd fu:ly perform, diuharge. ~ execute, etfK1, complete, comply w~tF~ and ab:de by each and every the stipulations, egreemenrs, tonditions, snd covenants of said promissory nole and this ~ mortgage ~ny w e;the~, a~d sa~d costs, chargcs and expenses, esch and every, shall be immediately d~e and payable; whethe~ d r+ot fhere be notice dr mand, altempt to colkct w suit pending; and the full amo~nt ol esch end every s~ch payment shall bear interesr from the date thereof unti! paid it tF~e ~ rare o1 nine per cenrum per an,~um; and alI said costs, charges and expenses incurred or paid, togetAe~ w~th such interest, sha~l be securc+~ by Ihe lien of this ' ; mat9age. ; 6. That (a) in the event of sny breach of this Mortgsge or default on the part of the MORTGAGOR, or (bj in ~Ix eve++t any of se7d sums of money I herein referred to be not promptly and fully paid within th;rty (30) days next aSeer Ihe same severalty become due and payable, without demand or notite. ~ or (c) in the event each and every the stipulatiorts, agreemems, conditions and covcYwnts oi sa~d p~omiswry note and th~~ mortgage any w ei~her are ool ~uly, prompdy and (ully performed, d~scharged, executed, eifected, compteted, compGed with and ab~ded Sy, then in either w a~y such eveM the said ag s gregate sum mentioned in said promissory notr then remaining vnpaid, with intereit atuued, and all mo~eys seturcd hereby, shall betome due snd pay- ~ able fathwith, w thereafter, at the oprion oi said MORTGAGEE, as fvily and completely as if a11 of the said sums oi money wer~ w;gi~a!!y tNpulated ro be pa~d on suth day, anything in said promiuory note or in this Matgage to 1he contrary notwithstanding; and thereupon or thereaftor at the option of k sa~d AIIORTGAGEE, wi~hout norice or demand, suit at law a in equity, therefwe or the~eafter begun, may be proxcuted as if all moneys secured hereby nad matured pnor to its institWion. 7. That in the event thar at the beginning of a at any time pcnding any su~t upon this Mortgage, or to foreclose it, o? to refwm it, or to enfwce payment of any claims hereunde~, said MORTGAGEE shatl apply to the ~ourt having jurisdiction thereof fa 1he appoinlment of a Receiver, iuch Court shatl Forthwith appoint a receiver of said mortgaged prpperty ail a~d singular, incfud~ng eU a~d singular the irtcome, p~ot;fs, iuues and revenues from whatever ~ source derived, esch and evcry of which, it being expreuty understood, is hereby mortgaged as if spec~iically se1 forth and deWibed in the granting and habendum clauses he?eof, and such Receive~ shall have all the broad and effedive funct~ons and powe~s in anywise entrusted by a Court to a Receiver, and s:,ch appoinrment shall be made by such Court as an admit?ed equity and a matter of absolute right to sa7d MORTGAGEE, and withovf refere~ce to the adequacy w inadequacy of the value of the property matgaged or to the soivency o~ insolvency of said MpRTGAGOR or the defendants, and +hat such ronrs, profits, income, issues and revenues sMll be appiied by such Receiver sccording ro the lien or equity oi said MORlGAGEE snd the practice of such touA. - 6. To duly, promptly and fully pe~form, discharge, execute, effect, complete, comp~y with and abide by each and every the stiputations, agree:nents, conditions and covenants in sa~d promisswy ~ote a~d Ihis mwtgage set fa1h. '9. That in the event the ownership of the mwtgaged premises, w any part thereof, become~ vosted in s penon other ihan the MORTGAGpR, the MORTGAGEE, its successors and assigns, may, withovt notice to the MORTGAOR, deal with such successo~ a successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or disch~rging the RAortgagors' liabilify hert + under or upon fhe debt heieby secured. No sale of the Fremises hereby mo~tgaged and no forbearance on t{x psrt of,the MORTGAGEE o~ its successors or auigns and na extension of fhe ~ime fa the payme~t oi the debf hereby secured given by the MORTGAGEE or i~s successors or auigns, shall operate ro release, d~scharge, modify cfiange w af~eu the original liability of the MARIGAGOR he~ein, either in whole or in psrt. 10. fr is spec:fically agreed +hat time is of the essence of this contract and that no waivH of any obligation hereunder w of the obligation st cured hereby shalY et any time thereafter be held to be a waiver of the terms hereof u of the instrument secured herby. 11. In add.tio~ to the forego:ng month!y paymenes of prirtc'pal and interest reqvired by the promissory no!e secured hereby, mwtgagor covenants j and agrees to pay to mo:~gagee vvith each monrhty p~yment an add;rional sum esr;m.ated by mortgngee ~o be equal to 1;`12 of the annual cost of the fotbw- ~ ing: ~ A-All real property taaes levied or assessed agai~st the above described real estate. ~ ~ B-Premiums on fire and windstorm ~nsurar.ce as herein requ:red to be carried on the improveme~ts situate on the above desvibed premises. ~ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to lime deem fit to carry pn the loan secured hereby. # A6o?tgagee sha~l from time to time not~fy mortyagor in writ~ng of the amount due a~d payable hereu~drr and such wm shall thereupon be due and j Fayable on the due date of the next mortth:y payment and each successive rteonth thereafter ur.til mortgagee shall ootify merlgagor of a chartge in such ? aTount. ~$uch sums sha~! be apptied by mwtgagee ?oward the payment of ~eal prope~ty taxes, insurence prem:ums, a~xl mortgage guaranty insurance ' p rem iums. - IN WITNES$ WHEREOF, th said MORTGAGOR has hereunto set his hand and seal the day a~d year first foresaid_ i , Sealed ;nd delive in the p? nce o: i n ~ • Charles A. Carlstrom, Jr. ~n Y L 4 'tar Carlstrom ~~e~ _ ~ t ~ srazE oF Ftoa~vn ~ . I ccuNrY oF St , Luc ie u- I Befwe me penonally aP~a«d Cha r 1 es A. Ca r 1 s t rom, Jr . a~ I ~-~aZ Jane Carlstrom his wife, to me well knowo and known to me to be ' rhe individuals described in and who executed tFK foregoiny ins~rument, and acknowledged before me that they executed the same fw the purposes I therein expreued. a,d rhe sa;d ~lary JanP Carlstrom i wife of the said C'ha r 1 Ps . rd Z 1 S t ZOT1 ~,J t. upon s separate snd privat~ ' examination by me taken separate and apart from her said husband, acknowledged ~o end before me that she exetuted said instrument freely snd volurr ~ rarlly and w~thout any compulsion, constraint, appr fhensi w fea~ of or from her said husbaod. - „ • WITNESS my hand and official seal this v~ day of ~ugU A. D. 19 73 ~ " ' ~ . . ~ Nofary Publit in ar?d w the ate of ida ~a~y~..•._. ~y~''; ; My Commission expires: v, • . ~ ~ . Return To: 4; ~ ' ~ First Feder~l Savings d~ Loan Association ~ ~ /~-~S$~ kOTARY Pl1B:1C. STATE of Flgq~pp s{~?~~ Of fort P:erce. ~ ~ _ tAY CC?.• :'I~;':^•~i ~XFIr~S'E!'~};: ~ 1~5 `j+ ~ ~ - "s I For~ Pirr~e, Fto~ida ~ ~ F~' EC A~: q:r ;~~E~ iiond~d u u.Ri.'J{ I:,~.~.~KCe,~fi.~~tars. ~ - ~ $T~LUC~' :i~vA-Y fLA. . ' ' i SJ:,: ;a.~ ~ , . ~3.', . ~i c~t j ~ ' ~ ~ ; ~ . ' i , ; LCU~2T 1; t This Instrument Prepared ByJohn w. ~ozfffis~~~ ?'FG ~ , ~S : 9 / ~2 ~2°. = First Federa! Savin s& Loan Association 6 4 i i PH ~ 13 t of Fort Pierce ,*'lorida Q~j~ E Checked By ~ ' 's . ~~~Y 217 PAI;E 518 ; - - -s~ ~ . _ ~ - - j _ _ _ _ - _ .