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HomeMy WebLinkAbout0480 3. To p~ace and conrin~ou~ly keep on the ~u~'d~ngs now on c~reafter situate on sa~d ~snd and on all eq~ipment and perso~al!y cover~d by this morrg- ? aga, wi~h sll prem~ums Ihereon pa:d in fult, f~rc insu~a uo ~n. the usual startle:d po!ity (orm, in a sum app~o~ed by 1hr MORIGAGEE, and w~~dstorm inw~aote in Ihe usual standard poGty form, in a sum approred by tM MORiGAGEE, in wch cWnpany o~ tompan~es as ihe MORIGAGEE may ' d~rect; and ali fire end w~rxJs~o~m insuranca po~~u~s o~ any of •aid buiid~nfls, any inferest ~herein or pa~t ~hereol, in the aggreqa+e sum aforc?a~d or ~ in exce~s thercof, shall con?ain ~he uswl ~tanda~d mor~gagee ctause or such o~her clausa as the Mo~tpagee mey requ~re, ma4ing ehe Ioss unda~ sa~d po~4 cief, each and evmy.. payable to said MORiGAGEE ai its int:resl rnay appear, ~nd each and eve~y such pohcy shatl be prompHy aas gned a~~d de+ivr~..•d ~o any heid by said MOR!GAGEE ss (unher security ~o uid rt~or~yage debt, and, nor less lhan ten (10) days in advance of tAe expiration ot each policy, to de- ~ Ilver fo taid •MORTGAGEE a re~ewal the~eof, together with s receipl fot the prem~um of such renewal; and there shall be no i~~e or windatorm insurance p~xed on any of said buildings, any interesf there~n w part thereof, unleia in ~he form and wi~h the lou paYabk as sforesaid; and in the event any sum oi money becomes payable undet wth poli;y w poLcias said MORTGAGEE shall have tbe opfion lo rece~ve and apply the same on actounl of the indrbted- ness ucured he~eby w to pe~mit said MORTGAGORS to receive and use it a any pmt fl~ereof ior othe~ pur~ oses, v~:~ho~t th_••..,~ +~.:~w: ~r ~~~.H~~~- ~ng any equity, lien w right under or by virtue of this mov'gage; and in ~he event said MORTGAGORS shatl for any reason fail lo kzep.the said premia~~s so insured, w Fail fo deliver promptly a~y of said policies of insuronce to said MORTGAGEE, or ia? promptly fo pay fu~ly any p~rnuum therefor o~ i~ a~y respect tail to perform, d~scharge, execute, e(fect, complete, comply with and abide by ~hii covenaN, a any pan hereof, sa~d MOR:GAGEE may Fiace and ~ ~ pay tw ~uch insurance or any part thereof without waiving or ai(ecting any option, lien, equity, or righ? under a b~ virtue of this Mortgage, and fhe f~ll amount of each and every such payment shall be immed~ately due and payable snd shall beer interest from the da~e ~hereof uniil paid the raie o1 n~nc pet tentum per annwn and together with such inr.~cst shall be secured by the lien ol this mortgage. d. To permit, canmit or suffer no waste, impairment or deterioration of said prope~ty w any part thereof. 5. To pay all and singutar the costs, charges and ~z~xnses, includ~ng a reasonable attorney i fee and costs of ab~tracts of t~tte, incurred or pa~d at nny time by said MORTGAGEE, b~cause or in ~he event of the (ail~~e on the part of the said MORTGAGOR to duty, pron,ptly and fully perform, d~xharge. ~xecute, ef(ect, complete, canply w~th and ab;de by each and every the stipulst~ons, agrcements, conditions, and cove~ants o1 said prornissory note and this mo~tgage any o~ either, and said costs, charges and expenses, each and every, shatl be immediately due and payable; whethe? w not thr~e be notice da n,and, atte~npt to co11K1 or suit pend~ng; and the full amounl of eath and ~very s~ch payment shall bea. interest from the date thereof until paid at Ihe ~,re o~ nine per centum per an~~um; anc' ail s~id custs, cbarges and expenses incurred or paid, logether w~th such ir.teresf, shall be secured hy the lien of th~~ mortgage. 6. That (a) in the event of any breach oi this Mortgage or default on the part of the MORTGAGOR, or ;b) in the event any of sa:d sums ef money herein referred to be nol promptly and fully pa~d within thirty (30) days next after the same severally become dua and payable, wiiha~t demend or notice, or (c) in the event ea<h and every the stipulations, agreements, cond~rions and covenants of sa:d promissory note and th~s mortgage any w e:~her a~e not iuty, promptly and fully performed, d+xharged, executed, eifec:ed, completed, compGed with and ab~ded tiy, Fhen in e~ther or any such eveM Ihe sa~d ag gregate sum rrKntioned i~ said promissory note theo remaining unpaid, with interest accrued, and a11 moneys secured hereby, shalt become dua and pay- eb~e fo~ihwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were or~g~nslly s~~pulated ro be paid on such d~y, any~hing in :a:d promissory note or in this Mortgage to the co~trary notwithstanding; and thereupon or thereafter a~ the opt;on ot sa:d MORTGAGEE, w~thout notice w demand, suit at law w in equity, there!we w therealter begun, may be p~osecuted as if all mone~rs sec~red hereby n_d matured pr~w to its ins~ituhon. 7. That in the event that at the beginning of or a1 any time pending any s.uit upon fhis Mortgage, w fo for!~close it, or to ~e(orm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply ro the Cour~ having ~w~sdiction thereof ior the appointmeM of a Receiver, such Ca+rt shall Forthwith appoiM a receiver of sa~d mortgaged property all and singula~, includ~ng all and singu~ar the ineome, p.of~ts, issues and revenues irom whatever so~rce derived, each and every of whkh, it be~ng expressly understaod, is hereby mortgaged as if spec~fically set forth and deuribed in ~he g~+~~~~g and habendum clausef hereof, and such Receiver shall have ~11 the broad and effective funct~ons and powers in anywise enlrusted by a Courl to a Receiver, and :~ch appointment shall oe made by such Court as an adrnitted eQuity and a matter of absolufe right to said MORTGAGEE, a~d wi~hoW reference to the adequacy or inadequaty of fhe value of Ihe property mortgaged or to the so:vency or inso:vency o( sa~d MORfGAGOR w the defendants, and ihat such ? re~rs, p~oFits, intome, issues and revenues snali be appiied 'oy su~h Receiver accord~ng to ihe i~en or rqvity oi soid MORTGAGEE and the practice af sucA COUrt. 8. To duly, promptly and fully perform, discharge, e:ecute, efiect, complete, comply with and abide by each and every the stiputations, agreements, conditions and covenants in sa~d promissory note and this mo:tgage se1 fwth. 9. That in the event the owr.e~ship of the mortgaged premises, or any part thereof, becomes vested in a person othe? than the MORTGAGOR, the M.ORTGAGFE, its successors and asa~gns, may, wi~hout notice to the ASORTGAOR, deal w~th such successor or wccessor in interest with reference to this mo~rgage and the debf hereby se:ured in the same manner as w~th Mortgago~ without in any way vitiating or d+scharginy the h'brtgagors' liability herr under or upon the debt hereoy secured. No sa~e of the Fremises hereby mortgaged and no forbearance on the pan oi the MORiGAGEE or its successo~s or assigns and no exte~:~on of the time fw the payment of the debt h~reby secured given by the MORTGAGEE or its successo~s or au~g~s, a~~all operate ~o release, d~scharge, modify change or affect the original Iiab:lAy bf the MOR(GAGOR herein, eitFur in whole or in part. y t 10. It is ,specifically agreed that teme is of the essersce of this contract and that no waiver of any obligation hereunder or o( the obligation se- ; cured hereby shali at any time thereafter be held to be a wairer of the terms hereuf or o~ the instrument secured herby. x j I1. In add•t~o~ to the forego:ng month!y payments of princ pal and inferest required by the promissory nore secured hereb~, martgagor covenants ~ aed agrees t~ pay ro mo:tgagee with each monthiy pay~neM an addirionat sum est~mated by mo:tgagee lo be eq~al to 1,%12 of the annual cost of the fol{ow- ~ :ny: ~ A-Ali real property taxes levied or assessed agai•ist the above de~cribed rtal estate. #s ~ B-Premiu~ns on fire and windsto:m ~nsurar.ce as here~n requ;red to be _arried on the [mproveme~ts sirvate on the above desa~bed premises. s ~ C-Premiums on such mortgsge guaranty ir.wrar.ce as mortgagee shali ircm hme to time deem fit to tarry on the loan sewred hereby. ; i Mortgagee shail f.cm nme to t~me no~ify mortgager ~n wnt~ng of the amov~t due a~d payabte hereundr~ and svch sum shall thereupon be due and ; ~ ;~yable on the d~e date of ihe next ~ronth!y payment and each successive month thereaftcr ur.til mortgagee shall not~fy mortgagor of a change in su:h o~nt. Such sums shal! be app~ied by mortga3ee toward the paymenf of rea~ property taxes, inwrance prem.ums, and mortgage guarenty insurance ~ S r,~cmiumi. ~ IM 1t11TNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 2 ; Signed, nd deliver jn the presence of: p i~ ~ LiG~N (,'/l/~if'~!/~ t$~a~ # ~ ~ . llen ldh~te (~ary ~ { = t5eaq Curle ite ~ SiATE OF FLORIDA 1 ~ - } S5. ~:~~vN OF St • ~1C1 e ~ ~ - Before me personatly appeared Allen W~Il.te and Ct1Y1eV W~llt@ his wife, to me well known~a~llnQw.q to me to be rhe individuals d~cribed in and wtio executed t1~e foregoing instrumeM, and acknowledged before me that they executed thr.ail~l~-(~ the purposes ~ therein expressed_ And the sai Curley ~1~7~t@ ;~'~i y~~?1+~~ ~ rr.Fe of the said Allen White -.,pu~~ private ~ ~.am~nation by me taken separate and apart from her said husband, acicnawledged to a~d before me that she executed as,'~~~wsyfr~i.f( .:~.qnd volun- ,r~ r,-~~y and wlthout any compulsion, constra~nt, appreh n, r fear of w from her said husband. ; 1~'Zr,•'~: -,.~Oj WITNESS my hand and of(ic~al seal the: day of ~ ~./1(,~.:19~ ~ Notary Pubt~c in and iw t t~! of • ~ My Commission expires: ~ V' ~ . . Return To: . • . ~ ~ Q . ~ES. h~ ~ First Federal Savings 3 Loan Association ~r~ bj ~(l+(I~A ~ U ; ~ RGE Of Fort P:rrce. X.('., ~ i~~`i n~r~~r n~.;e '1.-r ~ i > ~ Fort Pierce. F~crida 264'7~2 ~'I.,,,..,.. ~ . 1.. .915 ; : i% FILED ~:!~D ~~Gir!~DE4 This Instrument Pre ared B JOhn W. Collins ST.IUC~E COUNT1r FIA. ~ P Y P.OC~%: ~ J TRAS First Federal Savings & Loan Association CLER~( C::,'U;T COURT''~~~+.~-~ , of Fort Pierce ~ Florida FE~CRD VE: ~ F,E~~_._.~. ~ nA ~ Checked By Wj i 9 ~3 aM ~~3 " ~ s::~ ~ - aoc~ 2~.9 PAC~ ~80 ~ g - - - - - - - ~ F~ . , . _ " -