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HomeMy WebLinkAbout1540 To ptace and cont~nuously keep on the bui:d~r~gs now o~ Mreai~t~ situate on said tand and on ail equip~nent ~nd penon~lly covered by this ma~g- with •11 prtmiumi thereon pa~d in (ull, firs insur~nce i~ rhe usual sunderd poticy fam, irt • sum approved by Ih~ MORIGAGEE, end windi~wm inwru~c~ In th~ ususl~ ~esndard pol~cy fam, in a fum •pproved by tM MORTGAGEE, in tuch compi~y u companiss +s the N1fORTGAGEE may directJ ~nd all (ir• u+d w~~dsiorm i~~surance policies cn ~ny of said bvild~nps. ~~y intere~~ therein or pa~t thereof, in th~ ~99~tyate tum ~forstaid or in ~:c~ss ~hereof, iMll comain ~he usual standard mor~gagee cl~use u iuch o~he~ clauw ~i ~M Mw~pagee may reqv~rs, makinp ths Iou unda sud poli- cies. t~ch and ~vuy, payab:~ to said MORTGAGEE sa ib Interesl may ~ppear, u?d each end every ivch poi~cy sh~ll be promptly au.9ned and deiivered ~o •ny held by ssid MORTGAGEE ai fur~he. iecurity ~o said nartgag~ deb?, a~, not lesi tMn ten (10) days in advarxe of the expiration o( each policy, to dr livq /p seid MORTGAGEE • renewal therao(, to~IhN with a rKeipl (o~ tM premium oi such renewal; and the~e aha11 be n0 fire o~ windstorm insuratKe plac~d on ~ny of s~id buildiraps. ~ny intereu tMrei~ w part ~h~~eof, u~les~ in tFw fwm ~nd w~~h ~M loss payabi~ as afaes~id~ a~d in the event •~y sum of nwney becwns~ payable ur~r such policy a policies said MORTGAGEE ~hall Mv~ tM opr~on to reteive and ~pply the sama on +ccoun~ of the inJebted~ neu ~ecwed hueby o? lo pe~mil uid MORTGAGORS lo receive ~nd use it w any pe~/ thereof 1w other purposes, w~~hout th_reu~ waivi~~g or ~mpair- irp any ~quity, lien w righl unde~ w by virew of Ihis mortyp~; and in tM tvent w~d MORTGAGORS tMll Ea any resw~ fail to keep the ~+id premises w insurod, w fai) to dslive* promptly ~ny of iaid policiss of insuranca to w~d MORTGAGEE, w lail promptly to pay futly any premium therefo~ or in any respect fail b p~rfwm, discharge, exetute, ef(sd, compl~~s, comply with and abidt by this covenant. or any par~ hereof, said MORTGAGEE may p~+ce and pay (w such inwrance ot ~ny p~rt thereof without waivirg or ~f(ectirp any option, lien, equity, o? right undar o~ by vi~tw of this Morfg+pe, and tht full amount of each a+~d tvtry wch payment shall bs imrnediately dw +nd payable •nd shall bear interest from ths date thereof until paid at tM ~att of nine per centum pK anrwm ~~d lo~e~he~ with futh inte~eat shall be sewred by fM lien of thii matqsga F To permit, commir o~ suffer oo waste, impairmen~ a dNerioration oF said properry.or .ny p~n ihereoi. i S. 7o pay all and sinpular the costs, charges ~nd expenses, including a reasonable af~wney i(ee and costs of abstradt of ti1ls, i~turred o~ paid ~t ~ any time by said MORTGAGEE, betause or i~ ~M event ol the (aiture on ~he part of tM said MORTGAGOR to duly, promptly and fully perform, d~uha~g~, ~ execute, ef(ed, complNe, comply wi~h and ~b:de by esch and every the stipvlat~orss, a9~eamenn, condi~~ons, +nd covenants of said p~omissory nots and ~his mortgape any a eithe~. and sa~d cosn. char~s snd eicpan~es, each and evay, s~iall bs immediately due and payable: whether w no~ there be ~otice de~ ~ mu~d, ~ttempt to colkd or wit peod+'ng; and the f~ll amounl of each snd every such payment shall bea• interost from IM date thereof vntil paid +t 1he , i ~ate ot nine per ccntum per annu.-n; and all uid costs, charges and expensst incurred w paid, togethcr wAh suth interest, shalt be sacured by the lien of this ! mortpa~. b. TMt (sl M? 1M w~nt of any breach of this Mwtgsye or defavlt on the paA of the MORTGAGOR, a(b) in tF~e event any oF ssid sumt of rtwney herein referrsd to be no1 promptly and f~lly paid within thirty (30) d~ys nexl after the same severally become due snd payable, withoW demand w no~ite, or in the eveM each and svery the stiputations, agroements, condrtions and covenants of sa:d promissory note and th~s mortya9e any w eithe~ are no1 iuly, promptly arwf iully perfwmed, d;scharged, executed, efiected, compteted, compl~ed witA and ab~ded by, tF?en in either w any such event tM said sg greg~t~ sum ment'aned in uid promiuuy no~e then remaining unpaid. with interest acuued, and alt moneys setured htreby. ~hall become dve and pay- eble forthwith, pf tf1lYNftN. at the option of said MORTGAGEE, u fully and completely as if atl of ~he said wms of money were originally st~pulated to be pa~d on such day, anythirg in sa~d prom~ssory rate or i~ this /Nortgage to the contrary notwithstanding; and therevpon w thereatte~ at tFro op~ion of sa~d AAORTGAGEE, withoul notice or dcmand, auit at iaw or in equity, theretore w therea(ter begun, may be prosecuted as if all moneys securac~ heteby Aad matured pnor 1o irs irotitution. ' , 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgags, or to foretlose it, w to refo?m'it, or to enfwte payment of any cfa~ms hereunder, ssid MORTGAGEE shall apply to the Court having jurisdittion lhereof fot the appointment of • Receivet, such Co~rt shall forthwith appoint e receivcr of said mc+rtgaged property atl and singutsr, includ~ng all and singulu the income; profib, issuei snd revenues from whatever wurce deiived, each and every of wh~ch, it be~~g expressty unders~ood, is hereby mortgaged st if specifiic~lly set fw ~i ~nd dewibed in the yranting and habendum clavaes hereof, snd such Receiver thall have all the broad and effecrive funct:ons and pawefs'i~r+!~yvr~~is~Q e~nn~ed~by.a Court to s Receiver, and wch appointment shall be made by such Court as an admittcd equity and a-matte~ of absolute riyht ro s+id MOR1GxG~E,. ~o~l, •vrithput nference to the edequacy w inadequacy of the vslue of the properry mortgaged or to the sowency or insolvency of said MORTGAGOR or t~e ,dgfenijanb, and ~hat tuch renrs, profiri, income, iuves and revenues shall ba applisd by wch Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To dvly, promptly and fulfy pe~form, dixharge, execute, effect, complete, comply with and abide by each and every ths stipulationi, agreements, co~ditions and covenants in w~d promisswy note and ~his mortgage set for?h. 9. That in the event the ownership of the mortgsged prem~ses, a any part thereof, becomes vested in s person other than the MORTGAGOR, the htORTGAGEE, its successors and augns, may, without notice to the MORTGAOR, deal with such successa a successor in interesl with referente to thii mor~gage and the debl hereby seturcd in the same manner ss with Mortgagw w:thout in any way vitiating or dixharging the Mwtgagors' liabi~ity hera under w upon the deb~~eby secured_ No sale of the premiscs hereby mortgaged and no forbearance on 1he part of the MORTGAGEE o~ its sutcessors or auigns and no exte~s~on of the fime fw the payment of the deb~ hereby sccured given by the MORTGAGEE or its succeuors or assigns, shall operate i to rNease, d~xMrge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole a in part. ' 10. It is specificatly agreed tha~ time is of the essence of this coreract and that no waiva of aoy obligation hereunder w of the obligation sr ? cured hereby shall at any time thereafter be held fo be • waiver of the terms hcreof or of the instrument secured Fxrby. e 11. In add~tio~ to the iorego:ng monthly payments of princ-pal and ineerest required by the p.omissory nore secured hereby, mortgagor cover?ants end agrees to pay to mortgagee with each monrhly payrnent an add~rional sum est~n,ated by mortgagee to be equal 10 1% 12 0( the annual cost of the follow- ; ~ng: ~ A-AU real property taxes levied or assessed aga~nst the above described real estate. ~ 1 B-Premiums on fire and windsrorm insurar.ce as herein requ~red to'be carried on the improvrneats situate On the above described premitet. ~ C-Premiums on such mwtgjge guara~ty insurance as mortgagee shall from t~me to time dezm fit to carry on the ban secured hereby. ' Mwtgagee shait !rom sime to t~me notify mortgrgcr in writ;ng of the amount due and payable he~cundrr and such sum shall thereupon be due ~nd ; r ayable on the due date oi the next month:y payme~t and each successive month thereafte~ ~r,til mortgagee shall notify mortgagw of a change in such F amount. $uch sums sha!I be applied by mortgagee toward the payment of real p~operfy taxes, insurante Frem:ums, and mortgage guaranty insurance ~ premiumi. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and sea) fhe day and yesr firsl afwesaid. I Signed. Sealed and delivered in esence of: q__ a~ r( ' c~ L ~ f /iL.A~~i(.at `f7 J~.~ / ~ , ~ / ' (Seaq ~ a4 s ~ Seaq i (Sea4 ~ ~ SIATE OF FIORIDA s ~ CCJNTY OF St. Lucie # ~ ~ Befwe me personally a a.~d Charlie Floyd Kiabrough ~ranees E ra ~ lOl~ his wife, to me well known a~d known 1o.me to be rhe individuals described in and who executed the f nstum~nt, ~d acknowledged befare me that they executed.tlie.sxne.lor~the•purposes ~ therein ex~.Mxa. a,d ~ne .~;a Fzanees Bla~ra~(~rough ~ T~ - • S ~ w:fe of ~F~e ~a~d C~rlie FlOyd K~sbzOUgh ' ~ - examination b me taken se rate and a?t from her said hvsband, ackrwwl •~Mrste ~nd priwt~ ~ y pa pa edged to and befwe me that sF~e executei! ~a~1 iMhy~tqtrfreeJ~r~brx! voluM rar~ly and w~thout any compufsion, conatreint, apprehens~on, or fear of w from her u~band. ' ~ ~ WITNESS my hand snd official seal this 3Yd day of ~ ~ K A~ ' •~?1. D: ~9 73 ~ ~•y - T- - Notary Public in and for tF~J , aN. of .F1a' ef ?ar~ ~ ~ ~ My Comm7uion eapires: ~ " ~ a~,~.~ rc: NotARr PuauC, siATE a FLORIDI?et uR6E F OR Fint Federa{ Sevings b loan Aasociation ~ MY COMR11SSi0ii EXPIRES SEPt. 2S, 19Ib 1 s Oi Fort P:erce. BppQ~ gy jy~j~ (jap~g ~~rgp~~ ~q ~ Fort Pierce, Fbrida P ~E~ l?xC RE40RDE~ f ~ ~ ~ i~.IUCIE COUNTV tl This Instrument Prepared By Jo~ w~ Collins ROIiER POITRAS ~ ~ First Federal Savings 8~ loan Assouation CLERK C~RCUIT COII~T of Fort Pierce ~ RlOtida IIECORD VER~FIEO } ~ ~h~k~ B Arc I~I 9 ao AM'?3 ~ y jjs ~ ~ o R ~ PACf i5~ z6133'7 ~aQK~1 ' ~ ~ ~ - - - - - _ ~ ~ 'fF"' ~n° .S~~y- 2 5~ ~ ~ ~ ~.~~~a.."~~^~"~ , r ~^s'eT_~x1~ .