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HomeMy WebLinkAbout0832 To place end conri~uous~y keep on the bvl:d~ngy now o~ he~eafler ~ituate on ia~d ~and snd on all equ~p~~~ent and parso~ally covered by tnis mo~tg- ~qs, with all prrmiums ihereon pa:d in futl, fiie insurance io Ihe usuat staiderd polity lorm, in a sum ap~xoved by ?he MOR~GAGEE, and winds~orm insurance in the ususl standard po~:cy fam, in • sum approved by ~he MORTGAGEE, in iuch compsny o~ co~npanies a~ ~he 1~~ORTGAGEE may dirK1; and all firo and w~nd~~o~m insura~ce po~~ues on any of said build~nqs, any interes~ there~n o~ parl lhereof, in the aggrcga~e t~m afaesa~d o~ In exceu lhereof, shall contain the usual standard mwegagce c~ause w such other dause as tha Mortgagee may requ~re, making the loss under ~a~d poli- cies, each end every, payable to said MORTGAGfE as ~~s ~n~errsl may appear, and each and eve.y such po~icy shall be piomp~ly ass.yned aod deliverrd ~o any held by said MORTGAGEE as (ur~her aecurity to se~d rnortgage debt, and, not leu ~han ien (10) days in ad+rar.co of ~he expirat~on ot each poGcy, to d~- IivN to said MORTGAGEE a renewal thereof, loge?her with a receipt for the premium o} such renewal; and there shall be no i~re o~ w~~~dato~~n insurance placed on any ot ssid build~ngs, any interest therein or part ~he~eoF, vnless in ~he iorm a~d wi~h the toss payat:c ai a(oresa~d; and in the e~ent any sum of monsy becomes payable under such policy or poGcies said MORIGAGEE shal~ have ths opt~on ro~cce~ve and apply the ume on account of the indeb~ed- ness secured ixreby w ro pe~mi! sa~d MORTGAGORS to receive and use it or any par~ thercot fur o:i~~•r pur~~oaes, v.:~h;,,t ~h:•t.u~ KJU1.13 c~ „~~pa~r- inq any equ~ty, lien w rtght under w by vir~ue o( this moc:gage; snd in the evero sa;d MORTGAGORS shall fw any reason (ail to keep the sa~d premisrs so insured, or tail to deliver promptly any of said policies o( insurance fo said MORTGAGEE, w tail promptly 1o pay futly any pre~n~um therefor or in any respect fail ro perform, discharge, execute, e(fect, comple!e, comply with and abide by this cove~ant, o? any pa~1 hereof, sa~d MuRiGAGEE may place a~~d pay fw such insurance o~ any part thereof without waiving ot affectiny a~y option, lien, equ~ty, or right under or by virtue of this Mortgaye, and fhe s_ .:a - - - • • • . . . . . . - ~ . " iu~i ~uwvni Ji roif~ ~n~i e•v~ s~ni~ F..~n.c..: ..w.. c.c ..:..c......o...~ ....a ~...~a:...: . . - - . - - . . - - - nine per ctnt~m per annum and to~e?her with auch interest shali bt secured by tha lien of this mortgage. To permit, tommil or auffer no waste, impairment or deterio~ation ot sa~d property o~ any pa?t thereof. 5. To pay all and singular the costs, charges a~d expenses, including a reasonable attwney'a fee and costs of abstracts of ti~te, incur.ed w pa~d at any lime by said MORTGAGfE, because or i~ the event of the failure on the part of ihe said MORTGAGOR to d~ly, promptly and fully pe~form, d~scharge. execute, effed, complete, compljr w~th and ab:de by each and every the stipulanons, agreements, conditiont, and covenants of said promissory note and Ihiti mortgage any or either, ~nd aa~d costs, chargea and expenses, each and every, shall be immed~ately due and payable; whe~her w ~ot there be norice dr mand, attempt to coilect a suit pend~~g; and the tull amount of each and every such payment shall bear interest from the date thereoi until paid at ~he rare of nine per ceotum ~xr ann~m; and afl said costs, charges and expenses incurred or pa~d, together w~th such interest, shail be secured by the lien ot ~h~~ mortpsgm _ _ _ _ - - - 6. Thst (a) in the event of any beach of this 1Nortgage or defauh on ~he pan of the MORTGAGOR, or (b) in tl+e evenl eny oI sa~d s~mt of monsy herein refe~red to be not promptly and futly paid wiihin thi~fy (30) days nex~ afte~ the same severally bec~me due and payable, wi~hout demand or notice, or (c) in the event each and every the stipulations, agreements, conditio~s and covenants of sa;d promissory note and th~s mo.tgage any or ei~her are nol ~uly, promptly and fully performed, d:xharged, executed, effected, comp!eted, complied with and abided `ay, then in e~ther w any such event the said ag gregate sum mentioned in said prom~sswy note then remaining unpaid, with interest accrued, and atl moneys secu~ed hereby, shatl become due and pay- able forthwith, w thereafter, at the option of said MORTGAi',EE, as (ully and completely as if all of the said sums of money +~rere onginatly s~~putated to be paid on svch day, anything in sa:d prom~sswy note or in this Matgage to the contrary notwithstanding; and thereupon or thereafter at the op~~o~ of said MORTGAGEE, without not~ce or demand, suit at law or in equity, there(ore a thereaiter begur, may be prosecuted as if all money setured hereby had matured pnor Io ~ts institution. 7. That in tl+e event that at the beginnirg ot w at any Nme pe~ding any suit upon th]s Mortgage, w to fweclose it, or to reform it, or to enforce payment o! any claims he~eunder, said MORTGAGEE shall appty to the Court having ju~~sd~ction thereof for the appointmen~ of a Receiver, such Covrt shall forthwith appoi~t a receiver of said mortgaged property all and singular, includ~ng ail and si~gular the inceme, prol~ts, issues and revenues irom whateve? source derived. each and every of wh~ch, it be~ng expressly understood, is hereby morrgaged as if spec~ficaliy set forth and deuribed in the granr~ng end habendum cleusts hereof, and such Receiver shall have all the broad and effec!ive funct~ons and powers in a~ywise enuusted by a Cour1 to a Receiver, a~~d :uch appointment shall be made by such Court as an admitted eqvity and a maner of absolute right to said MORTGAGEE, and withou~ reference to the adequaq or inadequacy of the vafue of ~he property mortgaged or to the so~vrncy or insolvency o( said MORTGAGOR or the defendants, and that such +r^~r,-ProieKTe^eekn~r-+s~xt-and-~ -b d:u9-iatha- ~:ar •K,•,~iv of sa.d MORIGAGEf and tkie Court. 8. To duly, p?omptly and fully perform, d~scharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and ccvenants in sa~d promis:ory note and this mortgage set forth. 9. That in ~he event the ownersh~p of the rrartgaged premises. or any part thereof, becomes vested in a perwn other than the MORiGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successo? w successor in interest with reference to this mortgage and the d=bt hereby secured in the same manner as with Mortgagor wifhout in any way vitiatir?3 or d~scharging ~he Mortgagors' Iiaoility her~ under a upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbeara~ce o~ the part oi ~he /AORIGAGEE a its successws or assigns and no extension o( rhe time for the payment of fhe debt he~eby secured given by the MORTGAGEE or its successors or auigns, ahall o~erate :a :e!ease, d:scharge, medify charge or affect !he original liab~6ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract end that oo waiver of any obl~gation hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereol or of the instrument secured herby. 11. In aod~t:o~ to the forego ng month~y paym:nts of princ'pa~ and interest requ~red by the prom~ssory nare sec~red hereby, mortga~or cove~ants and agrees to pay ro mo:rgagee with each rncmh~y pay~nent an add~~ional sum est~ma~ed by mortgagee fo be equal to 1,' 12 of the annual cost of 1he follow- ing: ~ A-Alt real property taxrs iev~ed or assessed agai~st ~hc above ecsvibed real estate. j B-Premiums on fire and windsrorm ~nsurance as here~n req~;red to be ca+ried on the improvement~ situale on the above d~scribed premises. ~ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall frcm t~me to tirne deem fit to carry on the loan secured hereby. ~ Mortgagee sha(1 irom t~me to t~~ne norify mor:yagor in rvr~t~rtg of the amou~t due and payable hereundrr and such sum shall thereupon Le due and [ ~ayable on the due date of tne next monthiy payme~t and each s~ccessive month -thereafter ur,lil mortgagee shalf not:fy mortgagor o( a change in such ~ e~iount. Suth sums sha,i be applied by mortgagee toward the paymenr of real property taxes, insurance prem;ums, and mortgage . guaranty insurance ~ p~emiums. ~ IN WIT E55 L'JHEREOF, the M AGOR has hereunto set his hand and seal the day and year irst aforesaid. Sig al and e .ed i he ence of: L ~ ' ~ a~) ~ - erbert raclou ` c~an ~ (seaq IYy rraclon9h (~aq ~ ~ ~ S7ATE OF fLORIDA ~ St. I.ucie ~ ~ couNn oF ! Before me personally aP~a.ea Herbezt Bauczaclouah and ZVy Barraelough his wife, to me well known and known to me to be the individvats described in and who executed the foregoing instrumeM, and acknowledged befwe me that they e:ecuted the same iw the pu?poses I Barraclou ~ therein expressed. And the said ~ wife of the said HB2bgTt rraeinuah ~ ~Poo a xparate and private examination by me taken separate and apa~t from her said husband, atknowledged to and before me that she executed said instrument freely and volun- ~ tarily and without any compulsion, constraint, apprehension, or fear of or from her said husband. ~ ~z"`"'. W1II+lESS..my_hand3n2~:OfEicial-stel.th~c 31at day of A1~9uSt , A_ D. 19 73 a " ~ • • ' ~TM • _ ~ ~ ~.j ...i~.~t!~~~~~ . . 4 ti=F ~ Notary Pub!ic in and for t State of Fbrida at large . My Commission expires: ; . ~ ~Rt,Jarn Toc' . . F~rst f a~ ~apr~s '3'. [oa~ Aswciat~on d 1~~ ~ ~ ~ ?N , F 4 - OF ~Fort Fr~ice.'. , ~ F F~dTf P:erta. FCorida= My Co~s~i~n Fspru Od. 30. 1l7i , . b~~ p~ Ame~~cen F~re i~awolty G. ~ ~ " ~ v ~ ; J ~ ' AHO RECORpEO fllEO ~E COUNtY fU• ~ ~''Lfiis fqstr4rrient Prepared ByJ. H. Roberts ~ Ji'. s~~ ROCER P4ITRAS ~ ~ First Federdt.SavSngs 8 Loan Association ~~Eq~ ~tR~U1T COURt ,of Fort Pierce ~ Florida - RfCOR~ y~ A~FIEO ~ Checked BY,r~r~ d~+~K ~iV PA~ V~~ ~ 5 1 Sa PN ~ • ~ 2sz934 . ~ ~ - - dZ - _ _ _ . _ . _ ~ ~ s_ __.f_.