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HomeMy WebLinkAbout0347 J. To pface and continuously keep on the bulid+~~gs now or hereafter ~;~uate on said ~and and on atl cquip~nent and person+lly cove~ed by this mortg- egs, with all premivms thercon pa:d in i~ll, i~re insurance in the usual standart~ pp}~cy form, in a ium approved b~ the MORiGAGEE, and winds~orm fnsursnc~ in the usual iundard pol;ty fo~m, in • sum app~oved by the MORTGAGEE, in wch company or to~npa~~ies ai the MORTGAGEE may dirattt •nd aU fi~s and w~ndstorm insurance polic~es on ~ny oi seid build~~gs, any interest therein or part thereof, in tFx agg~eg+te sum ~lwesa~d or in sxcess ~hereof, ~hall contain ~he usual srandard matgagae clauss a such o~her clause ~s ~he Ma~9agee may requ:ce, making the lois under sa~d poli- uei, esch and every, paya~te to said h\ORTGAGEE as ~ts interest msy appear, snd each and eve~y such po~~cy shatl be promptly ais gned s~d de~iverrd eo any held by ssid MORTGAGEE as f~r~F.er aecu~ity to ~a~d mo~tgage debt, and, not leu ~han ten (10) days in ad~ance of the expirat~on of each pol~cy, fo de- liver ~o uid MORTGAGEE a renewal thereof, toye~har w~th e rece~pt for the prem~um of iuch renewal; and ~here shall be ~o f~re or windsiur~n insurance placed on any of taid buiidingi, any interesl there~n or F:r! thereoi, unteis in the form and w~th the ~oas payable ai afaesaid; and in the event any sum of money becomes payable under such policy or poGcies said MORTGAGEE shall have ~he opt~on to ~eceive and apply the same on accoum of the indeb~ed- neu secured Fe~eby a 1o permit said MORTGAGORS 1o reteive and us~ it ot any part thereof for otne. purposrs. v.~tM,ut th_•co1 .varn.~3 or ~mpan- ing any equity, leen o~ ~ight under w by virtue of this mortgage; ~nd in tF~s event said MORTGAGORS shall }w any reason fail to keep the sa~d premisrs so insured, w fail to deliver prorr+ptly any of said polides of insurance to said MORTGAGEE. or fai! promptly to pay futly a~y p~rmi~rn therefor or in a~y respect (ail b per(wm, d~scharge, execWe, effed, tomplete, tomply with and abide by Ihis cove~an~, w any par~ hrieof, said MURiGAGEE may p~ace and pay fa tuch in~urance or any ~art the~eof without w~iving a aftetting any op~io~, lien, equ~ty, or right unde~ w by virtue of this Mortgage, and tht full amount of each ~nd eve~y tuch payment shall be immedutety due and payable and shall bear interes~ f~om tha date thereof until piid at the rate ol nine per ce~tum per an~um and to~ether with such intereat shali be sewted by the lia? of this mortgage. t. To permit, tommit w su((er no waste, impai~ment w deterioration of s~id property o? any pa~1 thereof. • S. To pay all and singular the costs, charges and expenses, including a reasonable attorney i fee and coa~s of abstracts of Ntle, incurred or pa~d ~at ; any time by said MORTGAGEE, betause or in the event of the failure on ~he perl of the said MORTGAGOR fo duly, promptly snd fully perform, d~scharge, _ execute, effect, tomplNe, comply with a~d ab;de by each and every the stipulanons, agreements, tonditions, snd covenants of seid promiswry nole and this mwtgage any or eithea, and sa~d costs, charges and eapenses, each and every, shall be immediately due and payable; whethe? or not there be not~ce de mand, attempl to cofletl w suit pend~ng; and the futl amounl of each and every suth payment shall bear interest from the date thereof until paid at the r~te of nine per cent~m per annum_ant! all said coats, char~es and expenses_int~rred_a paid, tosether w~~h such interesL shall be secured by the lien of th~i _ - - _ - _ mortyaQe. _ . _ _ . . _ . . _ _ _ _ . _ _ . _ 6. Thst (a) i~ the event of any breach of this Mwtgsge w default on the part of the MORTGAGOR, a(b) in the event any of said sums of money ~ herein refer~ed to be no~ prompdy and fvlly paid within thtrty (30) days next afte? the samc severally become due and payable, without demaod or ~otice, or (c) in the event each and every the stiputarions, agreements, conditions and covenants ot sa;d promisso~y note and th~s mufgage any or either are not ~ iuiy, promptly and fully pe~(ormed, d~scharged, eaecuted, effMed, completed, complied with and ab+ded Sy, then in e~ther a any such event Ihe sa~d ag gregate sum mentioned in said promissury note then remaining unpaid, with interest accrued, and aIl moneYS secured hcreby, shail betome dve and pay- able forthwith, or thereafter, at the optio~ 04 said MORTGAGEE, as fuliy and completely as ii all of the said sums of money were o~~g~natly s1~pu:atcd to be pa~d on such day, anything in sa:d prom~sswy note or in this lAwtgage ~o the conera.y notwithstanding; and thereupon w thereaite~ at the op~ion of sa~d MORTGAGEE, without nonce or demand, suit at law or in equity, tfierefwe w thereafter begun, may be prosecuted as if a~l moneys secured hereby nad maWred pnor to ~ta institution_ 7. That in the event that at the beginning of w at any time pending any suit upon this Nbrtgage, a to fweclose it, or to reform it, or to enforce payment of any claims here~nder, said MORTGAC~EE shall apply to the Court having jur~sd~ctio~ the~eof ior the appointment of a Receiver, such Court shall ~ Forthwith appoint a receiver of said mortgaged property all and singule?, includ~ng all and s~ngular the income, Frol~ta, issues and revenves from whate~er source derived, each and every of wh~ch, it being expressly unders~ood, ia hereby mortgaged as if speufically set lorth ar+d dexribed in 1he g~anting and hatxndum clauses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anyw~se entruated by a Court to a Reteiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of ebsotute right to said MORTGAGEE..pqd without relerence to the edequacy or i.,adequacy of the valve of rhe.prope~ty mortgaged or to the solvencY or i~solvency of said MORTGAGOR or the defendants, and that such . " renrs, profits, income, issues and revenues shail be applied by such Receiver accordmg to the lien w equity of said MORiGAGEE and the practice of tuch ~ Coun. , 8. To duly, prompt?y and fully perform, dixharge, execute, effect, complete, comply•with and abide by each and every tFx stipulations, agreements, conditions and covenams ~n sa~d prom~ssory note and th~s mortgage set forth. 9. That in the event the ownersh7p of the mortgaged premises, or any part thereof, becomes vested in a perwn otF~:r than the MORTGAGOR, the A!QRTGAGEE, its successws and assigns, may, withou~ notice to the MORTGAOR, deat with such successor or successor in interest with reference to Ihis mortgage a~d the debt hereby secured in the same manner as with Mortgagor without in any way vitiating o? d~xharging the Mortgagors' liabiiity here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o forbearance on the part of the MORTGAGEE w its sutcesso~s or assig~s and no extension oi the time fw the payment of the debt hereby secured given by the MORTGAGEE o~ its successors or auigns, shall operate ro ~efeau, discharge, modify change w affett the original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec;fically agreed that time is oi the essence of this contract and that no waiver of any obl~gation hereundrr or of the obligation se- c~red hereby shalt at any time thereafter be hetd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tion~ to the (orego ng monthly payments of princ pal and interest required by the p~om:ssory no!e secured hereby, mortgagor tovenants ~ and agrees to pay to mo~tgagee w~th each monthiy payr~ienl an add~rionai sum est~mated by mortgagee to be equal to 1: 12 oi the annual cost of the follow- in~: . A-AII real property taxes levied or assessed agai~~st thc above described real estate. B-Premiums on f~re and windarorm inwrance as here~n requ~red to be carried on the improveme~ts s3tuate on the above described premises. F C-Premiums on such mortgage guaranty ir.surance as mortgagee shall from time to time deem 1it to carry on the loan sttured hereby. ~ Mwtgagee shall from time to t~me notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shail thereupon be due and rayable on the due date of the next monthiy payment and each successive month thereafter ur:til mortgagee shall notify mortgagor of a change in wch i a~^ount. Such sums sha;l be appl~ed by mortgagee toward tne payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance t p•emiums. I IN Y~ITNESS ~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. i ~ ' ned Sealed~end del' ed in the presence of: , E ~/)Lt~ ~ ~Seap ~ ` lJi 1~31ri O. Lenz ~~a~~ ~ - Sea4 ~ - Stella -M~ Lenz ~~a~~ ~ _ - STATE OF iWAi~A. 1~ L~~'~D I S ~ ~ couNnr oF C v o K ' Befwe me personally appeared William o. Lgn2 Stella M~ Lenz his wife, to me well known and known to me to bt ~ the individuais described in and who e:ecuted the for oing instrument, and acknowtedged befwe me that they executed the same for the purposes ~ rherein expressed. And the said Ste~la M. Lenz ~ Willi.am n Lenz ~ r.~fe of the said upon s separate snd private ~ examination by me taken separate and apa~t from her ssid husband, ecknowledged to and before me that she executed said instrument freely and volun- ~ ~a.ily and withovt any compulsion, constraint, apprehension~hr fear of or from her said husband. ~ VYtTNfSS my hand and officia( seal this ~'7~ day of ~ A. D. 19 ~ 3 ~ ~ rr i l.a%7 otary Public in .and fw State of ~ h u i S F'= My Commission eapires: r ~ a azy 7 { ~.~7 b ~x Retum To: ' , Q ~ First federa! Savings 3 Loan Association ~ j;~tIH11li•: Of Fort P~erce. ~ ~~i~~ ~ Fort Pierce. Florida `CjZ ~ C/: f~'~ ~ 3. i~ . ~ ~s . f4i FILED AH9 RECORQED. ~ .~<< - j% ~ sT. IUCIE C~UMtY ~~A ~ : Q ~ . ; ~ This Instrument Prepared By J, N. Roberts~ Jr. R06~R P~~TRAf ~ s - First Federal Savings 8 Loan Association RE OR~ ~ER~f Ep 40URT - - ~ of Fort Pierce ~ Florida , p~`'' ~ r , 9 4z AM . ~s-....::..: ~;~Q~`' Checked By A u e 3 0 ' 7 3 ~ o~ 4: ~ o a 2s~,~q - ~ooK 218 P~ 347 - ~ . . . 4 ~ ~ _ ~ ~ _~v. . ~ . . ~ .