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HomeMy WebLinkAbout0211 . ~ . J. To place and cont~nuously keep on tbe bu2d~ngs now w hereafter tituate on safd tind and on all equ~pment and penonally covered by this mort¢ sgs, with all p~emiums ~hereon pa~d in i~il, fire insurance in Ihe u~~al s~andard policy torm, in a sum approved by Ihe MORiGAGEE, and vvindatorm ~nsuraoc~ i~ d?~ usval uanda~d pot,q form, m a sum approvcd by the MORTGAGEE, in s~ch company or canpanies as ~he MORiGAGEE may di~ect; and al~ (iro and w:nJstorm insurance po~~cies on any oi said buiid~ngt, any intere~~ therein or part thercof, i~ the aggrega~e wm aforew~d w in eaceu lhercof, ihal) contain the usual eiandard mortgagee clause or such o~he~ tlauis ss th~ Mortyages may rcqu~rs, maMin~ Ihe loss under sa~d poli- cies, each a~d eve?y, payable to ~aid MORTGAGEE as its in~~rest may appear, and each and every such poiicy shall be promptiy ass fl~ed and de~~vered to sny held by said MORIGAGEE as ~urihe~ securily lo said mortga~e debt, and, not less than ten (10) days in advance of the expirst~on oi each poltcy, to da live~ fo ~aid MORiGAGEE a re~ewal thereof, toge~her with a receipt for 1M pranium of svch renewal; and ~here thall be no f~re or windstorm insura~+te placed a? ae+y of said build~ngs, sny interest therein w parl thereof, unless in ~M form and w~th ~he loss parable as aforeiaid; a~d in Ihe event any ium of money becomts payable under iuch polity w po~~cies said MORTGAGEc shall have the option to receive and apply the sa~ne oe account of ~he ind.:btrd- neu secured he~eby w~o permit said MORiGAGORS to receive end use i! w any part ~hereof for oihur purposrs. ~v~~hout ~h~~.b~ .vai~~~g or ~u~po~r- ing any equ~ty, lien w+~ght unde~ a by virtus of this mo:sgage; a~d in the event sa~d MORTGAGORS shatl !w any reason fai~ to keep the sa~d p~emiirs so insured, w fail 1o deliver promptly any of said poliues of insurance to said MORTGAGEE, ot fail promptly to pay fully any p~e~nium iheretw or in a~y rospecf fail to perform, dncharge, execute, effect, complete, canply wi~h and abide by ~his covenant, w any par~ hereof, sa~d MGRTGAGEE may p~ace a~~d pay (w such inw?ance o~ a~y part thereof w~thout waiving or affecting ~ny opt~on, lien, equ~ty, or right under or by v~rtue of ~his Mor~gage, and the full smounl of each and every such payment shall be immcdiately due and payable and shall bear i~terest from the date thereo( until paid at the rate of nine per centum per annum and to3erher with suth interesl shali be secured by tha lien of thia mortgage. 1. To permit, commit or suffer no waste, impairment w deterioration of asid property ot any part thereof. S. To pay all and singular the co:ts, charges ar.d expenaes, including a reasonable atto~ney'i fee and costs of abstracta of title, intuned or paid at any time by said MORTGAGEE, because or in the event of the failure on ~he part oF the said MORTGAGOR to duly, promptly a~d fully perfam, d~~charge. execute, e(fed, tomplete, compfy with and ab~di by each and every the stipulations, agreements, to~ditions, and covenants of said promissory note and thi~ mo~igage any w e~~her, and sa~w' costs, charges and expenxs, each and every, shall be immediately due, and payab!e; whetlxr or nof there be not~ce d~ mand, attempt to collect or avit pending; and the f~ll amwint oi eath and every such payment shall bear inreres~ from Ihe date thereof until paid ~t the ~are o( nine per centum per annum; and all said cosrs, charges and ezpenses inturred w paid, togelher w~th such imerest, shall be secured by the lien of th;s mortgage. . 6. That (aj in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event sny of said sums of money lie~ein referred to be not promptly and fully paid wi~hin thirty (30) days ne~~ after the same severally become due and payable, without demand o? notite, . or (c) in the e~ent each and every the stipulations, sgreements, conditions and covenants of sa~d premissory note and th~s mo~tgage any or either are ~ot iuly, promptly and (ully performed, d,xharged, executad, effected, completed, complied with and ab;ded yy, then in elther w sny such event the said ag gregate sum mentioned in said promissory ~ote then remaining unpaid, with interest accrued, a~d all moneys secured hereby, shall become due and pay- abte forthwith, or thereafter, at the opr~on of said MORTGAGEE, as fvlly and comple~ely as it all of ~he sa~d sums of money were or~g~nally st~putated ro be paid on such day, anything in aa;d pro~nissory note or in this Mwtgage to ~he contrary norwithstanding; and thereupon or therea4ter at the op~~on of said MORTGAGEE, w~thout not~ce w demand, suit at law w in equity, therefore or thereafter begu~, may be p~osecuted as if all moneys secured hereby nad matured pnor to ~ts instrtution. 7. That in tF+e event that at the beginning of w at any time pending any suit upon this Mcrtgage, or to ~weclose it, or fo refwm it, or to enfo~ce payment of any claims hereunder, said MORTGAvEE shall apply to the Co~r~ having jur~sd;ctia: thereof for the appo~ntment of a Receiver, such Court shaU forthwi?h appoint a~eceiver of said mortgaged property all and singular, ioclud~rtg ail and singular the income, prof~ts, issues and rove~ues from whatever scurce derived, each and every of wh~ch, it be+ng expressly understood, is hereby mortgaged as if spec~ficalty set forth and deuribed in the grant~ng and h3bendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrus~ed by a Cour1 to a Receiver, and s..ch appointme~it shall be made by such Court as an admitted equity and a mattbr of absolute right to said MORTGAGEE, and witMut reierence to the edequacy o? inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR w 1he defendants, and fhat such ren~s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity ot said MORTGAGEE and the practice o~ such Court. • 8. To duly, promptly and fully per(orm, discharge, execute, effect, compfere, comply w~?h and abide by each and every the stipulat~ons, agreements, conditions and covrnams in sa~d promissory note and this mortgage set forth. 9_ Thaf in the event the owreership of the mortgaged premises, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, thp :"ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal w~th such successw w successor in interest with reference to this mo~tgage and the deb~ hereby secured in the same manner as with Mortgagor w~~hout in any way vitiating or d~uharging the Mortgagori liability herr vnder w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no (orbearance. on ~he part of ~he l~10RiGAGEE or its successors or assigns and no exte~sion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuors or ass~gns, ahall operate to release, d~scharge, modify change or affect the o.iginal liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obiigation hereunder w of the oblgat'an sr cvred hereby shall at any time thereaiter be he!d to be a waiver of the terms hereof or of the instrument secured herby. _ 11. In add.f~on to the forego n9 monthty paymems of p.inc pal a~~ interest requ~red by the prom~swry note secu~ed hereby, mortgagor covenants and agrees to pay ro mortgagee with tach ~nonthiy payrnent an addi!~onal sum estin,ated by mortgagee to be eq~~l to 1;`12 of the annuat cost of ihe follow- ;ny: A-All real property taxes levied o~ assessed against the above desvibed real estate. ~ B-Pren.~ums on fire and windstorm ~nsuracce as here~n req~:red to be ca•ried on the ~mprovements s~Wate on 16e above d_scribed premises. ; C-Premiums on such mwtgage guaranty insurar:ce as mortgagee shaH 4rom t;me to time deem fit to cany on 1he loan secured hereby. ~ Hlortgagee shail iram tirne to time notify mortgagor in writing of the amount due and payabie hereundrr and such sum shall thereupon be due end ~ Fayable on the due date of ihe next month:y p~yment and each successive monfh thereaft¢r ur~til mortgagee shall notify mortgagor of a change in such a,>,ount. Such sums-shaif be applied by mortgagae torvard the payment of real p.operty taxes, insurance p~em:vms, a~~d mwtgage guaronty insurance i • p•emiums. ~ IN WITNESS WHER~bF, the said MORTGAGOR has hereunto se! his hand and seal the day and year first aforesaid. ~ Sig , Sealed deliv the presence of: ~ _ - .n S c r K w rs cs~•n ' aq 07?IIriQ ~tQ3s (Seaq STATE OF FIORIDA ~ ' SS_ COUNTY OF ~C~~ Before me personally sppeared ~nC@! K• Wa1t~YS •^d ~ .10dADQ 5• W~LeYS his wife, to me well known and known ro me fo be the individua(s described in and who executed the foregoing instrumeM, and acknowiedged befwe me that they executed the same !or the purposes ~ Joanne S. Walttrs therein expresxd. And the said ~ ,~~fe of the said Speneer K. W81te1's upon a separate end priva~e examination by me taken separate and apart from her said husband, ackrawledged to and before me that sF?e executed said instrument freely ~nd volun- ~ rari~y and without eny compulsion, constraint, apprehenQsio~r fear of or f~om her said husband. ~ WITNESS my hand and official seal this ~Z ~ day of S t~8! A. D. 19 73 ~ ~ Notary Public in end State of Flwida at 4srye# • My Commiuion ex . ~ ~ ~1?~j ~ ..~N~j;,~,- : Retum To: • ~-~'f' li'~ O l ji~~ ~ : ' First Federal Savings ~ loan Association l- Of Forf Pterce. ' ~j a~ Fort Pierce, Fbrida ~j~ ~ ~ QROEO :r~=1.. • ~ - • ~ ~.fe aNG ~[6ir FLA. • ` - 5~, ~~~'~~~~a ~KAf " ; = f ~r ~ ~ P.~,C ~~T ~4URt ~ - ' Cl~4tx C~~~~. ~ - • ~ p* f~~ - . r • This Instrument Prepared ByJ~ H. Roberts, JY • ~ y. p~:~p ~s' ~ First Federal Savings 8 Loan Association ~ ~ ; . ~ • ~ of Fort Pierc~ RloYida ~ ,O 2; ~ ~3 • ` . ~ , . , ~ Checked B 264541 ~ - - _ ~ ~ $0~2~.9 ~A~~ - 211 ~ - ~ : C~ g _ ~ . ~ ~ s. _ ~ , .