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HomeMy WebLinkAbout1193 3. To plece snd con?inuously keep on the bui'ding~ now o? hereafter ~itu~te on ~a~d land and on ali equ~pmem ~nd aersonslly covered by thia matg- sge, wilh all premiums thereon pa:d ~n full, fue :ns~rance in ~he usual standsrd policy form, in a sum appro.ed by the MOR(GAGEE, and w~nds~o~m insurante in the usval ~tandard poi.cy fo~m, in a sum approved by the MORTGAGEE, in such comps~y or compan:ea ss the MORTGAGEE may direct; •nd sll fire and w~ndstorm insuro~ce poliues o~ any of said build~nfli, •ny interest therein or pa~t the.eof, in the aggrega~e ium ~fwesa~d a in excess thereof, shsll con~ain the us~al standard mor~gagee clause or such oiFxr clause as the Mo~tgagee may requ~rs, making ~he loss undr? sa~d poih cie~, e+ch and ev~ry, payabte to ~a~d MORTGAGEE as i~s imeres~ may appear, and each and every suth policy shall be p~omptly ass gned and deliverc•d ~o sny heW by ia~d MORIGAGEE as further sec~+ity !o seid mor~gage deb1, and, no? less Ihan ten (10) day in advance oi the expiration of each pol~cy, to da live? to taid MORTGAGEE a renewal thereof, togeth~r with a rece~pt fo~ the prem~um of tuch re~ewal; and there shall be no fhe or wind~tonn in~urance plKed oe~ s~y of said b~itdings, any inlereu therein a parl thereo/, unicss in th~ form and with tM los~ payable as aforesa;d; ~nd in Ihe event any sum of money betomes payable unde~ auch polity a pol:cies said MORTGAGEE ~hall have ths op~ion to ~eceive and appty ~he sa~ne o~ accow~t of the i~+.~abted ness letured he~eby c~ to permit said I'80RTGAGORS to receive and use it ot any parl Ihercpf for nmcr pu~posrs, v.i~hout th~reu~ wairin3 or +~e~pai~- ing any equity, leen oi righl undei w by virtva of this mo: tgage; and in the event sa~d MORTGAGpRS shall {w any reason fall to keep the ssid premisai so ~nsured, w iail to deliver promptly any of said policies of insurance 1o sa~d MORTGAGEE, or fail pron,ptly to pay futly any pre~~i~~m therefw or in a~y resped fail to perfwm, dncharge, execute, eifect, complete, comply wirh and ab~de by this covenant, a any part brreof, said MGRTGAGEE may piace a~~d pay fw such insurance w any part thereof without waiving or aifecting any option, lien, equity, o? nght under o~ by vir~ue of th~a M«tgage, and the ~ 4ull amount of each and every such payment shall he immediately due and payable and ~hall bear interest from the dare thereof unri! paid a~ the rate o! nine p~y ten?um per annum and to~etM:r wilh such inreres~ shali tx secursd by the litn of this mo+tgage. ~ To permit, commit w suffer no waite, impairment w deterioratlon of said property w any part thereof. S. To pay. ~II and_sirx~utsr the coats, charges ar.d. expenses, indudi~g a reasonable attwoey i fee and costs oi abslrocts ot titte, incurred or paid st any time by sa~d MORTGAGfE, becau~ a in the event of ihe faflure on the pa~t of the said MORTGAGQR Io d~fy, promptly and lulty perl~r~, d~scharge. - execute, effed, complete, comply wi~h and ablde by ench snd every the stipulat~ona, agrcements, conditions, a~~d covenanrs of said promissory note and thii mwtgage any or either, and said costs, charge~ and eapenses, each end eve~y, shall be immediately dur and payable; whether q no~ there be norice do- mand, attempt ro co~Ject or ~vit pend'rng; and the fu!! amount of escA and ewery such payme~t shal~ bear interest from the date thereof until paid at the r.,te oi nine per centum per annu:n; and all said costs, charges and expe~ses incvrred w paid. logelher w~th such interesL shall be secured by the Iien of th~~ mwtgage. 6. That (a) in the event of any breach of this /Norlgage or defaute on the part of the MORTGAGOR, or ;b) in the event any of said sums of money herein refcrred to be not promprly and fvily paid wi~hin ~h~rty (30) days nexf afeer the same severatly become due and payable, wi~hout demand or norice, or (c) in tl~e evenl exh and eve~y the stipu~a~~ons, agreemenrs, conditions and covenanta ot w~d promissory note and th~s mo~tgage any or d~her are rwt ~~~!y, e~+gNy a~ f~dly performed, d:scharoed. ezecuted, effecled, twr~p;Ned, tomplied with and abided `ay, then in e~ther a any such event the sa~d ag~ gregate sum mentioned in said promissory ~ote then remaining unpaid, with interesf accrued, and all moneys secu~ed hereby, sha~i become d~e and pay- abte forthwirh, or thereafter, at thr oprion of said MORTGAGEE, as fully end comple~ety as if all of ~hr sa~d wms of mo~ey r,rere origlna:ly s~ipuiated ro be paid on such day, anything in sa:d promissory note or in this Mwtgage ~o the conuary notwithstanding; and thereupon w thereaiter ar rhe opuon of said MORTGAGEE, without notice or demand, suit at Iaw w in equ~ty, there(ae or ihereafier begun, may be prosecuted as if a!! moneys secuied heieby had mawred pnor to ~ts institutipn. - ~ ~n " ' rt a e o~ to foreclose it or to refwm it, or to e~force payment of any claims hereunder, sa~d MORTGAGEE shall app~y to the Gourt having jurisdictio~ thereof fw fhe appo~nrment of • Reteive~, suc Coun s ai forthwith appoint a receiver of said mortgaged property all and singular, incl~d~ng all arx) sinqular ~he income, prof~ts, issues and ~evenues from whatever sou~ce derived, each and every of wh:ch, i~ being expressly unders~ood, is hereby mor~gaged as if spec~fically set forth and dexribed in the granting and habendum ctauses hereof, and such Receiver shall have al! ~he broad and effecrive funct~ons and powen in anyw~se entrusted by a Court to a Receiver, ar.d s~ch appointment shall be made by such Court as an admittrd equity and a mat~er oi absolute right to said MORSGAGEE, a~d withoul reierence to Ihe adequacy or inadequacy of the val~e of the property mortgaged or to the sa'.vrncy or insotvency o( said MORiGAGOR or the defendant~, and that such renrs, prof~n, ~ncome, issues anti revenues s~all be applied by such Receiver accwd~ng to the lien or equity oi said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully pe~form, d~uharge, execute, e(fet1, comptete, compty with a~d abide by each and every the stiputations, agreem~nts, condit'ans and covenants in sa~d promiaswy note and this mortgsge set forth. 9. That in the event the ownership of tlx mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGpR, the ,ti'.ORTGAGEE, ita successors and assigns, may, without noeice to the MORTGAOR, deal with such successor o~ successor in interes~ with refere~ce to this morrgage and rhe debt he+eby secu~ed in the same manner as wirh Mortgago~ without in any way vitiating w d~scharg~.~g the Mortgagori liab~lify herr under w upon the debt hereby secured. No sale of the premises hereby mertgaged ar,d no iorbearance on the part oi the MORTGAGEE o~ its s~tcessors or assigns and no ex~enaion of the time for the payment of the debt bereby secured given by the MORTGAGEf or its auccesso~s o? assigns, a1w11 operate ro rpleas~+, d~scharge, modify ~hange or affect the original liability of the AM1ORiGAGOR herein, either in whole or in part. 10. It is speufically agreed that tim= is of the eese~ce of this contract and that no waive? of any obtigation hereunder or of the obligation se- cured hereby shah at any time th¢reatter be he:d to be a waiaer of the terms hereof or of the instrument secured herby. 11. In add,tio~ to the foreao ng mo~th!y payments of princ pal and interesf req~ired by ihe prom;sso~y no~e sec~red be!eby, morigagor tovenanfs ,r.d ag~eh to }»y to n~iyagee r..th each rr.on:h:Y tiYar..x~t an add.:+onai sum ec~.ased by mo:sgagee fo be-equal to 1; 12-nf_!he_annual cau_of ihe inlle,K-_ ~ng: - - A-All real propcrry laxrs lev~ed or aasess~d aqai•~st the above describcd real esrate. • B-Arem,~ums on fire and windstw.m ins~rarce as he~ein r~qu~red to be carried on the improvements situate on the above described premises. C-Premiums on such mo: tgage guaranty ir,surance as mo+rgagee sha11 from t me to time deem fit to carry on the loan secured hereny. Mortgagee shall irom t~me to t~me notify mortyagor in wr~t~ng of the arrount due and payable hereunder and such sum shalf thereupon be due and c 3yabk on the due date of th> next month!y payment and each successive month thereaiter until mortgagee sball notify mortgagor of a change in such a•no~nt. Such sums sha11 be applied by mongag,e toward the payment of rea! propeny tazes, insurance prem:ums, a~x! mwtgage guaranty insurance premiums. IN WITNES$ WHERFOF, the wid MORTGA(',pR has hereun~o set his F~and and seaf the day and yea~ 4irst aforewid_ , Seated ive 'n the presence of: ~~r~f~y~~ iFE` ^,A _ ~ ~ R~ ard Larr BOtt ~~an - - (Sesl) ~ (SeaO uana F. Bott c~,i) S7ATE Of FIORIDA COUNTY OF St • Lucie i ? Before me personally ap~a«a _ Richazd Larry BOtt a~ Luana F~ BOtt his wife, to me well known and known to me to be ,+~z . . - -in-m~d-who-rxecveed-the-frnegoing-ir»trvment.-sr?d-ecicnowiedc~ed-beforc-me-thal-~F~ey-execvte~li+e sam~-ta--~tae-P+KPue+------ . fherein expressed. And the said Luana F~ Bptt m w~Fe of the :a~a _ Riehard -~rrv BAtt upon a sepa.ate artd privare exam~nat~on by me taken separase and apart from her said husband, acknowfedged to and before me that she executed said instrume~t freely and votun- ranly and w~thout any compulsion, constraint, appreh$nsio~ fear of or from her said husband. • YJITNESS my harxl and off;ual seal thi: t~ dsy of Se t~~r ~ p_ ~y 73 , t Notary Pubtic in and tor 1 tate idt-~F-tSr~e Retum To: My Commission expir ~ ~T -p11B'tJt r ATE of~F'tORlOA at1AR~E first Federal Saving~ b loan Aasociat~o~ IIf1~ C~M~I~$SIOPF D([~tRF~~~?EC. =2a:- 1975 Ol Fort P;e~ce. Flo~oed T.,~~ e,~ie~i Gt: r~ Fort P;er~e, florida ' v' ~ ; . S . f' ' . ~ f LED ANC ~EWRDEO : • - • f~. ~uC~E ~~UNTY FU. ~ • ' n; ~ : ~O~Er ;-o~TR~S ~p;?~.ti 4 c~ERK c;i~uit couat ( This Instrument Prepared By J~ H. RObeits~ JZ. p~~nRD vf.R'~'f~ First Federal Savings & Loan Association , of Fort Pierce ~ Rlo~ida ~ j i2 ~s PM'73 ~ Checked By f~i ~ ~~}~x218 Pa ~~1~8 ~ ~Ei192 . _ _ ; - ~ - ~ ~ tiA s. e ` x. k +.x. - ~ . _ _ _ . _w , - t..E'. _ . .....r. ~E-r...