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HomeMy WebLinkAbout0201 . ~ , 3. To place and continuously keep on the bui'd~ngs now or hereafter ~it~ats on sa~d land and on a~l equtpmen? and personally covercd by this mortg- egs, with all premiums Ihereon pad ~n lv~~, fne insurance in tne usual a~andard policy fo~m, io s sum approved by tha MOR~GAGEE, and w~nds~onn insvronce in the us~a! ~randard pol~cy iorm, in a~um approvsd by ~h~ MORiGAGEE, in such company or co.~pan~es as ~he MORTGAGEE msy direcl; and all fire and w~nduo~m insura~ce po~~cies or? any o) said buiid;ngt, any interes~ therein or parl 1F~ereof, in the aggregare ~um afwesa~ w in ~xceu ~hereof, ahall contain the usual ~ta~idard mortg~gee clause or such o~he~ clau~e as 1he Morigagee msy requ~re, ma?in9 ~he loss unde. sa,d po~~ • cies, esch and every, payable to said h~ORTGAGEE as i?s interest may appear, s~d each and every such poi~cy shall be promptly ass gned and delivered ~o ~ny held by s~id MORiGAGEE ss further security to sa~d mo+tgage debt, and, not less than ten (10) daya in advance of ~he expira~io~ of each pol~cy, to de- liver ~o said MORTGAGEE a renew~l thereof, toge~her with a rccapt for the premium ot such renewal; and ~here ihall tx no f~re or wuids~mm iniurance pl~ced on any of said build~ngs, any interest Iherein w put Ihereoi, unless in tM (orm and with the loas payable as a(oresaid; and in the event any sum of money becomes payable under such policy a poGcies seid MORTGAGEE ihall have the op~~on to receive and appty Ihe same on accoum ol the indebted- neu secured he~eby w to permit sa~d MORTGAGORS ro receive and ut~ it a any part thereof for oth._. purposrs, .~.~ri~.,;t th;..u~ .v~~vi.~~ u~ ~~~~pair• ing eny equ~ty, lien o~ righ~ under or by virtue of this mor!gage; and i~ ~he event sa;d MORTGAGORS shall (or any reawn fail to keep ~he sa~d prem~aas so insured, or fail to deliver promptly any of said pol.cies of insurance to sald MORTGAGEE, ot fail promp`ly to pay fully any pre~n~~m the.efor o~ in a~y rospect fail to per(am, discharge, execute, eftecl, complete, comply wiih and abide by this covenam, or any part hereof, aaid MORiGAGEE may plate a~~d pay fo~ tuch insurante or +ny part the~eof wi~hout waiving o? alfecting ~ny option, lien, equ~ty, w r~gh~ under or by virtue ol ~his Mortgage, and the f~ll amount of each and every such paymrnt shall be ~mmediately due and payable and shail bear interest from tna date the~eof uneil po~d ai the raee oi • nine pe~ centum per annum and to~ether with such intereft ahai~ be secu~ed by the lien of this ~wrtgage. 1. To pennif, tommit w suffer no waste, impairment w deteroration of said property w any pa~f thereof. S. To pay all and singular the cost~, charges and expensea, includirg a reasonable attorney's fee and costs of abstracts of t~tle, incurred or pa~d at rny time by said MORiGAGEE, becauu w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fuily periorm, d~xharge, execute, elfed, comptete, compty w~th and ab:de by each and every the at~pulat~ons, agreemenrs, conditio~s, and covenants of sa~d promiswry note ~nd this mwtgage any ot either, and sa~d costs, cherges and eape~ses, each and eve~y, shall be immed~ately due and payable; whether w not ~he~e be no~~ce dr mand, a»empt to collect w suif pend~ng; and the (ull amouM of each and e~ery such payment shall bear interest from the date thereof uneil paid at the i.+re of n~ne per centum per annum; and all said costs, charges and expenses incurred or paid, toyethe+ wah iuch interest, shall be sec~red by the lien of thi~ mOrfgdgQ. . 6. That (a) in the event of any breach of thit Mortgage or default on the pa?t of the MORTGAGOR, w(b) in the event any of satd sums of money herein referred to be no1 promptly and fully paid within th~rty (30) days next airer Ihe :ame severally become due and payable. without demand o~ notice, or (c) in Ihe even! each and every the stipulations, sgreements, conditions and covenants of sa~d p~om~swry note and th~s mortgage any a eithei are nof i~ly, promptly and fully pe~(ormed, d~scharged, executed, effected, compteted, complied with and abided 5y, then in e~ther w any aucfi event the sa~d ag- gregate sum mentioned i~ said promisswy nore then remaining unpaid, with ineerest acuued, and all mo~eys secured hereby, shall become due and pay- able (orthwifh, or thtreaiter, at the option of said MORIGAGEE, as fvlly and comptetely as if all of the said s~ms of money were onginally st~p~lated to be pald on such day, anything in sa;d promissory note w in this Mortgage to the contrary ~otwiths~anding; and thereupon or thereafter at the op~~on of said MORTGAGEE, without nor~ce or demand, suit at law w in equity, tF~erefore or Ihereafter 6eg~n, may be proiecuted as if all moneys secured hereby nad matured prcw to its insfitut~on. 7. That in the evem that at the beginning of w at any time pending any suit upon this Mortgage, or to foreclox it, or to ~eform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~~ having junsd~aio~ thereof iw ~he appointment of a Receiver, such Cour1 shail forrhwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, iswes and reve~ues (rom whate~er s~urce derived, each and every of wh~ch, it being expreasly underatood, is F.ereby mortgaged as if spec~fically sN fwth and desuibed in the gronring artd t,abe~dum clauses hereof, and such Receive~ shall have atl the broad and effecrive funcr~ons and powers in a~yw~se entrusted by a Court to a Receive~, and i.,:h appointment shall be made by such Court as an admitted equity and a matier oi absolute rght to said MORiGAGEE, and without reference to the adeyuacy or inadeqvacy of the value of the property mo•?gaged or to the so:vency or insolvency of said MORTGAGOR or the defendants, and ~hat svch re~rs, proEits, irxome, issues and revenues shall be appl~ed by such Receiver accord~ng to the lien or equity of u~d MORTGAGEE and the practice of such Court. 8. To duty, promptty and fulty perform, discharge, ezecute, effect, complete, comply with arid ~bide by each and every ihe stipulations, agreements, conditions and covenants ~n sa~d promissory note and this mortgage set fath. ~ , • 9. That i~ the event the ownership of the mortgaged premises, w any part thereof,,becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors arid :ssigns, may, without notice to the MORTGAOR, deat with such sutcessor w successor in interest with reference to thif mortgsge and the debt hcreby secu.ed in the same ma~ner as with Mortgagor without in any way vitiatin~ w d~uharging the ~Awtga~ori liability herr under or upon the debt hereby secured. No sale of tne premises hereby mortgaged and no fo.bearance on the par~ of the /AORTGAGEE or its s~ccesw~s ur assigns and no extension of the time for the payment of the deb~ hereby sxured given by the MORTGAGEE or its successws or ass~gns, ahall operate ro release, d~scharge, rt+odify change or affect the originaf lia6ility of the M.ORTGAGOR herein, either in whok or in part. 10. It is spetificaily agreed that time is of the esse~ce of this contract and that no waiver of any obligatlor? hereunde~ or of Ihe obligaYan se- c~red heroby shal{ at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~o~ to the iorego:ng month~y paym~nts of princ'pal and inteiest requ~red by the prom:ssory nore secured hereby, mortgagor covenants ; and agrees to pay to mo:tgagee with each monthly pa~~::ent an add~rional svm rst~n:ated by mortgagee to be equal to 1.`12 of tlae annual cost of the follow- ;~ig: ~j A-All real property taaes leviec', or assessed aga~ .st the above desaibcd real estate. { B-Premiuma on fire and winds:a:m ~nsurarce as here~n req~:red to be carried on thA ~mproveme~ts situate on the above d_sc~ibed premises. f C-Premiums on such morigage guaranty ir.sutaoce as martgagee shall from t~me ro fime deem 1it to catry on Ihe loan sCCUred hereby. Mortgagee sfiall from time to time norify mortyagot in writing of the amount d~e and payable hereund~'r and suth sum shall thereupon be due and ~ ;.,~able on the due oate oi the next month:y paymer.t and each successive month thereaffer unril mortgagee shall notify mortgagor of a change in such F a~;cunt. Such sums sF~ail oe app+ied by mortgagee to.vard the payment of real property taxes, ins~rance prem:ums, and mortgage guaranty insurance ! p•emiums. ~ IN WITNE55 JIHEREOF, the sa~d MORiGAGOR has hereunto set his har.d anc seal the day and y ar first afores € Signed, Sealed and deliver d in the presence of: ~ ~ ~ ~ s ~ Qv~rvo t5ee1) ~ H Z a (Seaq ~ ' ~ n'fv c~lA~f'i ~ (Seal) % Lissv Claessen - ~ (5eap C ~ ~ S~ATE OF FLORIDA COUNTY OF St. Lucie 1 ~ ~ ~ Before me personally apoeared Horst Claussen ~ I_is5~[ ClauSe~f his wife, to me well known and knowh to me to be ~ rhe individuats described in and who executed the foregoing instrument, u?d ackrwwledged befwe me lhat they executed the aame tor the' purposes ~ rherein expressed. A~ the said Lissy Claussen - - ~ Norst Claussen " ~ ` ~ w~fe of the said - upo~;~.igq~!f~e i~?~ ~IFrate ~ examination by me taken separate and apart from her said husband, ackno,~vledged to and before me that she executed said 'yulrumept~~ volun- rarily and without any compuls~on, constrainL appr eosion, or fear of or from her said husband. ~ • ~ ` _ - ~ WITNESS my hand and offic~al seal this__ v~~ day of S e ~ A. D.,'19'73 ti - - . Notary Public in and for the: e~ of da at L,itpe; = My Commission expires: i ~ C~~ h: ,A ~ Retum To: ~ J J~+. c. ~ first federal Savings 3 Loan Associat~on r~,'~ f T.• ~ ~ Of Fort P~erce. ',~t ~ r , ~T,. o , ~ Fort Pierce, Florida ,roYaaY vdB:t~ ,~j~T(E' p} [;{K~(}A ~ (ARGE : ~ h!Y f,0'...'i:;'7ii E~(~'~5"i '!7. 2975 - . .5.~ , ~ . , s • A4?i ~Fb~} ~ This Instrument Prepared By Jottn W. Collins ~~~~~~c ;;~uMtr~~~~ ~ First Federal Savings & Loan Association i• tf1AS ~ of Fort Pierce, Florida ~~EpK ;.~.•;tT FOURt 2s453f, gF(:f,r . rFr -,=t~.~...~"'r a, Checked By~ ~O ~4 11~ ~t~ " ~ o~e~ ~ ~ • 8Gl"1~c+~~~ PA_:I ~ ~ ~ - - _ ~ - t ~ . . - _ _ '~!f . . ~ . ' :i e~~ ,~se.~e . .