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HomeMy WebLinkAbout1542 : i ~ To plact and continua:sly keep on the bui:d~nys now o~ heroafter ~itwt~ on sa~d I~nd and on ~II equ~pment and pawnally covered by th;~ mw~~ ~gs, wilh •II premiums thareo~ paid +n full, fire insurj~ce in the usuat sr~ndard pol~cy form, in + sum approvtd by IM MORTGAGEE, a~d wir+dstam ~nwrant~ io tM uswl ~tandard pol;q fam, in s sum approwd by ~M MORTGAGEE, in ~ucA company o~ comp+nl~s a tM MORTGACsEE may - d~rectj uid all fin ~nd w~ndi~o~m insurance policies on ~ny oi ~aid build~nyf. ~ny inte~eit tl+srein w pa~t thereof, i~ ~Iw.+9qre9at~ sum ~ta~said o~ in ~zc~a ~Mreof, ihall cont~in tM usual ~tandard mor~qa9~e claus~ or iuch o~F+K ciau~~ as tM Mort~apN may requu~. makin~ tM ?ou unde. s~~d po1F de~, each ~nd every. parabte to iaid MORTGAGEE as it~ in~crest may ~ppear, and eacA +nd ~very t~+cfi polity ~hall b~ prompNY au.q^rd snd delivered ~o ~ny held by sa~d MORTGAGEE furthsr iecu~i~y to said mortyaye deb~, and, no? I~» than t~n (10) days in advance of ths expiration of e~ch policy, to dr Iive~ t0 Nid MORTGAGEE • rMewal thereof, topelhu with a rec~ipt (w tM p«miwn of tuth' renewal; and lhete sMll b~ no f~~e a wind~tw~n insura~c~ pt~c~d on ~ny of ~aid buildinpi. ~ny interett tlwr~i~ or part thereof, unl~u i~ tM fwm u~d wi~h ~he Io~s p+rable ai efoniaid: and in ~h~ ~v~nt sny wm of nwn~y becomes p~yabte u~der tuch policy o~ po~~cies seid MORTGAGEE shall Mw tM optlon to receivs anJ apply fhe sai*~e a+ +tca+m of tM indebted~ ness secured INreby W/o pe~mit ~aid MORTGAGORS to rlCeive and uN it p~oy pa~l thereof for othcr pwposes. witFw~1 th.rcD/ waiv~ng o~ ~mpair- ing any equity, lie~ p~iflht under w by virtus of this mo:t~~ge: ~nd in the eve~t uid 1NOATGAGORS shall {or any reason fail to keep ths uid prtmisas so irtaured, w fail b deliver promptly ~ny Of said policies of i~ursnce 1o sa~d MORTGAGEE, w fail promptly to pay futly any premium therefa w in a~y respect fail to perform, diuharfle, executs, e(fxt, complete, comply wi~h ~nd abid~ by this covenant. a a~y part hereof, ta~d MORIGAGEE m+y place +~~d pay fa ~~ch inwrante or eny part thereof witlw~t w~iving or sffectinp a~y option, li~n, equity. o? riyht undx or by virtw of this Mo~~y+y~. ~~d the full artw~nl oi each ~nd every such payment~ihall be immediately due and p~yabl~ a~d shall btar interest trom the d~tt the+eof until paid ~t tF~s rat~ ol nine per tenlum ptr ~nnum and to~ether with tuth imerest shafl be secured by tht lieo of this matysge• 1. To permit, oommit or auffer no waste, impairme~t or de~eraratan of taid property a~ny part tl+ereof. , 5. To pay aI) ~nd sirgula~ the costs, charges and expenaes, includinp s reasonable atto~~ey i(ee and costs of abstracts of title, incurred w paid at an~ time by seid MORTGAGfE, because o~ in the event of Ihe (ailure on the Rarl of the said MORTGAGOR to duly, p?omptly +nd fully pe~fwm, dixharge. executs, eftect, comptete, comply with and ab:de by each and every ths stipulations, agreemems, condilions, ~nd oovenants oi ~aid p~omissory note and thu mortgaye ~ny a ei~her. ~nd said costi. charges and expenses. e+ch and every, sMll be imrr+ediately d~re snd payable: whethe~ a no1 thert be notice d~ mand, attempl to colkct w wit pend~ng; snd tht full amounl of each and every wch payment shall bea~ interest from the dafe thereof until paid ai the rare of nins per centum per annum; and all iaid costs, charges and expenus inturred or paid, together w~th suth imerest, ahall be ~ecured by tM lien of t!w mortgaye. 6. That in the event oi ~ny breach of this Mwtgage or default on the part of the liIIORTGAGOR, a(b) in th~ event ~ny of sa~d ~wns of ma+ey herein referred ro be not promptly and fully paid wi~hin thir~y (30) d~ys neat after the same sevmalty become dve +nd payable. withou~ dema~d o~ notice. or (c) in the evem each snd every the stiputatior+a, sgreements. conditions and covenants of sa;d promiuory note and this matga9e a~y o~ e~~he+ ~?e ~w1 : i~ly, prompNy and fully perfwmed, d~xharged, executed, effetted, completed, compl~ed wirh end abided by, then in either w any tuth eve~t the- ~aid a¢ ~ gregsM wm meNaned in uid promissory note then remaining u~paid, with intere~t atcrued. and all money~ secured hereby. shall betorn~ dw ~nd pay- ~ able fw?hwith, or thereafter, at the option of said MORTGAGEE, ss fully er+d comple~ely aa if ~II of t1x said sums of mwuy were a~ginally st~pulated ~ to be paid on such day, anything in sa:d promissory note w in this Mwtgage ~o Ihe cont~ary notwithstsndir+g; and thereupo~ or therea(ter at the option of ~ sa~d MORTGAGEE, without notite or demand, wit at law o~ in equity, there(we w thereaher begun, may be prosecuted as if sll ma~eya setured hereby $ had rt+atured pnw to iti inslitution. 7. That in the erent that at the beyinn~rg of or st sny. time pending sny s~it upon this Matgage, w to fweclose it, or to refwm if, or to enforu payment of any claims F~eunder, said MORTGAGEE shell apply to the Court having ~ur~sdrction thereof for tF+e appointment of ~ Receive~, such Cour~ shs~~ Fo~thwith appoint a receiver of said matgaged property all and s~ngular, includ~rg all and si~gular th~ intome, profib, iuue~ and revonves from whstevtr so~rce derived, each and every of which, it beirg expressly understood, is hcreby mortgaged a~ if ipedfitally' iet forth ired.dew~bed in ~he grantin9 aod ; habendum clauscs hereof, and such Receiver shall have all the broad and effecrive funct~ons and powers in ~nywu~ entrusted by i Court ro a Reteiver, a+ul ; avch appointnxM shall be made by such Cou?t as an admitted equity and a mattcr of abwtute rigM ro s+id MORTGAGE~;'M~d without reierence to fhe i adequscy or inadeqvaty of the vafue of Ihe property mortgaged or fo rhe wtvency w insolve~cy of said MORiGAGOR w the deftndanft, +nd that suth i rents, profits, income, issues and revenue~ shall be spplied by svch Receiver according to the lien w equity of said MORTGAGEE and the prattice of such ~ Court. ~ ~ 8_ To duly, promptfy snd f~lly periwm, discharge, execute, effect, complete, comply~with and abide by each and every the stipufations, agreements, ; conditans and covenanri in sa~d promissory note and thii mortgage set fath. 9. That in the event the ownenhip of Ihe mortgaged prem~ses, a any part thereof, becornes vested in a person other than the MORiGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, desl with such successor or successa i~ interest with reterence to this mortgage and the debt hareby secured in the same manner as with Mortgagw without in any way vitiatirq w dixharging the Morfgagora' liability here- under w upon the debt htreby sec~red. No sale of fhe Fremixs hereby mortgaged and no •forbearance on the part of the MORTGAGEE w iti successon or assigns and no exter:sion of the time for the payment of the debt hereby setured given by the MORTGAGEE or its succeuws or auigns, shill operate ro release, d~scharge, modify change or affect the wginal liaoil~ty of the MORiGAGOR herein, either in whole or in part. 10. It is specificatly a9reed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan sr , cu;ed hereby shall aYany time thereafier be held to be a waiver of the terms hereof a of the instrvmem secured herby. 11. In add;tion to the forego:ng monthly paymants of princ'pal and interest required by the promissory note secured hereby, mortgagor covena~ts and agrees to pay to mortgagee with each monthty payrnent an add~rional sum estimated by mongagee to be equal to 1/12 of the annual cost of the follow- Eng: A-All real property faxes levied w assessed against the above described real estate. B-Premiums on fire and windstwm, insurance as here~n requ~red to be carried on the improvemeots s~tuate on the sbove desuibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan setured hereby. ~ : Mortgagee shall from time to time notify mo~tgagor in writing of the amount due and payable herevndrr and such sum shall thercupon be due and ; i ~:3yable on the due date of the nezt month:~r payment and each successive month thereafter uNil mortgagee shall notify mortgagw of s change in such ~ aT.ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty inwnnce i premiums. I ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwewid. , Sealed and deli in the p?esence of: ~ F • ~ m r mit an , t an ~ ara mi ~~n ~ SiATE OF FLORIDA ~ St. Lucie ~ ~ouNrY oF - Befwe me penonally appeared ~mer Smith a~ ara IQl his wife, to me weil known and knonm t~me to be the individvals dewibed in and who executed the foregoing insdument, and acknowledged befwe me that they executed the same for tM purposes • ~ therein expressed. And the sai Sarah Smith Homer Smit i~,,;~, rv,t. ~ +~~fe of the said ~Pa;P~P+c+! P~ esamination by me taken separate and apart irom her said husband, acknowledged to and befwe me that she exetuted s~id imfrument freely aqd:~YOlurr ra~~ly and without any compulsion, constraint, apprehension or f ar of or from her said husb~nd. A ~~-r'•. ' 73 WITNESS my hand and official seal thi. day of ~ ' ~ A., ~~9 • • r, ; r, ~ ' ~ ~ ~ ~ r. . ~ . • . ~ Notary Public in snd for t1~e ~taj~, qf FioL+!!~' lar~q a' _ ~ My Commiu'ron expires: L) _ ; • = ~ Retum To: ' ~jQ~tn ~ ~ u~ ~ ~ First Fedenl Savi s b loan Association ~ ~F~ ~~C' ~~,.~'a: ~ ~ 261~8 ~ Of Fort P~erce. Ci/:'~N:SSI~'Z ~~t~•~'~~'~„~ ~ l ~ fort Pierce, Florida Br~~ ~ ~ ~ • ~ ~ fIlEO Y ~ ~ This Instrument Prepared By JOhri W. CO111I1S G?a Tq~s ~ aOGER ~ ~ First Federa) Savings b Loan Association ~~tCU1T COUR? CIER~ c.. of Fort Pierce , Flori.da ~~~OP~ Y fp~F1ED ; ~ ~ 7 e Checked By 9 y~ ~ ~ ; ~ ~ ~ooK217 PAGE1534 ~S ' ~ ~ . ~ .3 . _ _ " ~ . a. a ~ _h. w_v~'. ~ . . _ t ~ ~ ~~a...