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HomeMy WebLinkAbout2181 3. To plece and conti~vously keep on 1he buiid~ngs oow w hereatter ~7twte on said land and on al~ equip~nent and persona~ly wve~xd by ihi~ morlg a~s, with dl p?emiums thercon pa~J in iull, fire insuranca in the uwal ~tandard policy form, i~ a sum approved by the MORSGAGEE, ar+d w~~torrn ~nsur~nc~ in ths usual ~tandard po:~cy form, in s sum approved by the MORTGAGEE, in svch company o~ ca+~r.+n~es a tM MORiGaGEE T+y ditKfJ •nd all fire end w]adstorm in~urartte pol~c:es on any of said buitd~~yi, any interest Iherein or part thereof, in ~M a~greqa+e sum +faes+~d o. in ~xcesa 11+ereof, shall contain tM uiual sundard ma~gegea clause w such other clause ai the Mortgsgee may requue, makaq tna ioss u~de~ sa~d po~~ cies, e~ch and every, payable to said MORTGAGEE as ~ts inte~eu may appea~, and eich and every tuch policy ~hall be p~omptly ass yntd u+d deGvaed ~o •ny held by said MORiGAGEE aa further security to said mor~gage debt, and, not leu tMn ten (10) days in advanca oi ~he eapirat:on of euh poi:cy, ro dr : liver fo said MORiGAGEE a renewal ~hercof, toge~her with a rece~pt fa the prsmium of such re~ewal; rnd thera shall be no fae o. w~nds~orm ir.surance pl~ced on any of said buildingsi any interest therein a part thereoi, vnleas in the (orm ~nd with tM loss payable as aiaesaid; ~nd in the event any sum of morNy becanes payable under such policy or pol~cias asid MORiGAGEE ahall have the opt~o~ ~o rece;ve and apply tM same a+ accoun~ of the indebeed~ , ne~s secured hereby o~ ro permit said MORTGAGORS fo ~eceive snd ux i? or •ny pa~t thereo( for osner pwfoses. wi~ho.,t th_nor sc~~~~3 «~'"G~'*' infl any eqvity, lien or right ui~der or by virtue of Ihis ~nor:gage; a~d in the event ta~d MORiGAGORS sAatl fw any reason fai! to iceep ti+e u~d prem~srs so insured, w fai) to deliver promptly sny of said policiea of intu~ance to ssid MORTGAGEE, a fail promptly to pay lully any pre~n~~m threfor w in sny retpM fa}I w pe~fam, discF~a~ge, execute, ef(ec1, complete, tomply wi~h ~nd abide by this cove~+ant, a any par~ hsreof, said MORTGAGfE may p+ace a~ pay ior such insurance or any part the~eof without waiviny w affecting a~y opt~on, lien, equ~~y, w right under w b~ v~,rue of ii~~s Morfgage, a~d ~F~e i full amo~nl oi each end every such payment shall be immed7ately due and payable and shall bea. interes~ from tha da+e therrof u~ui pa.d at the ?i?e ol nine per centum pe~ annum and together with such interest shall be srcured ay the lien of this mortgsge. , 1. To pormil. tommil or sufFer no waste, impai~ment or deteriaation of said prope~ty or any psrt thereof. S. To pay all and singular the costs, charges and expenus, including a reasonable sttwney's fee and costs of abstrads of titte, incurred w p~~d af any tims by ~aid MORTGAGEE, becauu a in tF~e event of the faflure on ~he pa?1 of tha said MORTGAGOR to du~y, p~on+pily and fu~ly perfwm, d.xhuge. execute, effec~, compfete, canply with and ~b:de by each and every the stipulat~ons, sgreeme~n, cw+ditions, and covenants of said pra~e+ssory nWe af+d ihy mwtgage any or eitiur, and sa;d costs, charges and expenses, each and every, shatl be immediately due and payabfe; whether or not the~e be nor~ce d~ ma~d, attempt ro colletl or suil pend~ng;_and the full amouM of each and e~ery such payment shall bcar ;roerest lrom the dak thereof untit p~+d at r~+t rare of nine }xr centum per anuum; an~ all aaid cosis, charges and eapenses incurred w paid, ~ogether w~1h such interest, shall be secured by the lien of tfi;s mwtyay~. t 6. That (a) i~ the event of a~y breach of this Mortgage w default on the part of the MORTGAGOR, w(b) ~n tF+e event ~ny of sa:cJ swns of mo~ey ; herein referred to be not promptly and tulty psid within thirty (30) days nea~ after the same severa!!y become due u+d payable, without da*+a~d o~ notice. or (c) ie the evrnt each and every the stipula~ions, agreemeNS, conditions and covenanta of sa:d promiuory nore and fh~s mortgage any or e+ther ue ~d iuly, promptly and lully performed, d;scharged, e,cecuted, eiieued, compkted, compl~ed with end abided ~iy, then in e~rher a any such evenf the sa,d aQ gregata wm me~tioned in said p~omissory note then ~emain;ng unpaid, with i~terest accrued, and a11 moneys secured hereby, shatl becort~e due and pay- abfe fo~thwith, w fl+ereafter, at the oprion of said h10RTGAGEE, as tully and completely as if all of the sa~d sums of money were a.g;na:iy snpu:ated fo be pa;d on such day, anyfhing in sa~d prom~ssory oote u in this Marqage to the comrary notwiths~and~ng; arx) thereupon or thereaher at the op~wn of sa~d MORTGAGEE, without notice or demand, su~t at law w in equiry, therefore or thcreafter begun, may be prosecuted as ii all a~oneys setured he+eby nad matured pnor to 1ts institut3on. 7. That in the event that at tl+e begin~~ng of or at any time pe~d~~g a~y suit upan this Mortgage, or ro fweclose iL w to refo~m iL p 10 MfOtt! i payment oi any tlaims haeunder, said MORTGAGEE shall apply to the Cour~ having junsdiction thereof for the appwntment of a Retriver, wch Coun shail Forthwith appoint a receiver of said mortgaged property all and singular, intlvd~ng all a~d singu~ar ~he income, prof~ts, issues and revenues trom whatever sou+ce de~ived, each and every of wh~ch, it being expressly undersrood, is hereby mo~tgaged as if spec~iically set fonfi and described in the g~+nt:ng and habendum clauses hereof, and such Receiver shall have a11 the broad and eifective (~nct,ons and powers in a~pw~se emrusted by a Court to a Receiver, and a:.ch appointment ihall be made by such Court as an admitted eq?rity and a matter of abaotutr reght to said MORTGAGEE, and without refcrence to ti~e adequacy or inadequacy of the value of the p~operty mortga~ed or to the so~vency or insolvency of said MORiGAGOR or the defe~dants, and that s~ch renrs, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity oi said MORiGAGEE and the practice of x,ch Court. 8. To duly, p~ompt!y and fully perform, discharge, execute, effect, complete, comply with and abida by each and every the stipuiations, sg~eemenri, conditions and covenants ~n sa~d promissory note and th~s mo:tgage set fwth. i 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a penon o~her thao the N10RTGAS'iOR, the MORiGAGEE, its :uccesson and assigns, may, w»hout notice to the MORTGAOR, deal wifh such successw or svccessor in interest wi+h reference to this n,ortgage and the debt he~eby secured in the same ma~ner as with Mortgagor without in any way vitiati~g a d~xharg~ng the Al~orrgagori liabitity herr under or upon ~he debt hereby secured. No sate of the premises hereby mortgaged a~d no lorbearance on the part of the MORTG:.GEE or its successors or assigns and no extension pf the time for the payment of the deb~ hereby secured g~ven by the NtORTGAGEE or it: wccessora w ass:cro, s.`ail operate ro retease, d~xharye, modify cha~e or affett ttie original liability of the MORiGAGOR herein, eithc~ in whok or M pan. 10. h is specifically agreed that time is of the esunce oi this contract and that no waiver of any obl~gation herevnder w of the obligaYan sr cvred hereby shall a1 any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secured he~by- • 1 11. Tn add~tio~ to the forego'ng monthty paym~nts o4 princ pal and inferest required by the prom:ssory note sxur¢d hereb/, mort~a~r cavena~ts ano agrees to pay to mo:tyagee with each mon~hty payn,en~ an add~iionat sum esrimated by +rwrtgagee to 6e equa4 ~0 1; 12 of tt,e annual cost of t}x io~io+v- ~ng: A-All real property taaes levied or assessed agai~st the above descri5ed real estate. B-Prem~un,s on fire and windstorm insurance as herein requ;red to be carried on the improveme~ts rtvate•m the above d~scribed prcmises. ~ C-Premiums o~ such mortgage guaranty insurar~ce as mortgagee sha~i frc:r. t~me !o fime deem fit to carry on the ban secu~ed hereby_ !{M1ortgagee shaA irom rime to tlme notify mongagor in writing of the amount due and payable hereunder and such surn sha(! therevpon be duz a~d ; ayable on the due date of the next moNhiy paymeM and each successive month thereafter ur,til mortgagee shall not~fy mortgagor of a cfia+ge in wch a~•~ount. Such sums sha~I be app!ied by mortgagee toward fhe payment of rea) property taxes, insurance prem:vms, a,~d mortgage gua~anty inwrance p~emiums. . IN WITNESS `NHEREOf, the said MORTGAGOR has hereun!o xt his hand and seal the day and year first aior id. Signed, Sealed and delivered in the presence of: / • _ XI~~Z. ~-t~~w.- ~--~J'` (s~.~ _ (~.~.~~.'i-.t~ C q _ l~'1 ' .Lti~! R..~ v~' ~ u c~R.~w~'Lla * D~ris Chea ,~,o STATE OF ~ ~ ! COUNTY OF Sti. AYlII~ JS~i(".d.~ W.I ~ Before me penonally appeared Wi12~~S Cb@~l +nd ! ~ Doris C~1Q11 his wlfe, to me well known and kro+m to me to be i ~ the individuals described in and who executed tha foreon~na instrumeM, and acknowledged befwe me that they e:ecuted the sarrK fw the purposes rherein expressed. And the wid Doris Ctl~l ~„f~ of ~r,~ ~ williaa Chen . ~,a exam~nat~on by n~e~ taieen sspyr~te_ and apart irom her said husband, sckrawledged to and befora me that she executed aa+d in.~r.,me~t frcely and volw~- ~ rar;ly and wit any to!npyJsSOn: constraint, apprehens~on, or fear of a from her said husband. ~ ' c ~ WITt~ESS , x tiantl~ind'offitiit seal this- day of ~e A. 19 7 - • ~ ~ILL L~: ~ L <~-CL •t L ~ • " r 2r '~1TAR'y ~I?! IC, $TATE FLORIM at LARGE Notary Pu lic in and the Statt of F{wida at tu I ~ ' ~ • MY C!'; :t: ~I~~~t~ r ?iR` ~ : ~-lY 13, 1974 My ~«~m~uw++ e ~ € ~ Return ioF, .~NDED THRO(JGH fRED W. DfESTELH09$T - firat Fedy,el Savinp~ i loso Atsociation i . Of Forf ?ierce. Fort Pierce, Fio~ida i - } ; This Instrument Prepared By J. H. Roberts ~ J1^. ~ First Federal Savings 8 Loan Association ~ s--- • of Fort Pierce~ FloYida ~ Checked Sy ~ 0 R ; a~zi~ A,~2172 i ~~t . s i ~ _ . - ~ .