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HomeMy WebLinkAbout0808 3. To plece and continuously kcep on the bu~:d~n~s now w hnreaiter iituats on said ~and and on alt cquipment and pcrsonally cove~ed by thit mwtg- ags, with all premiums thrrcon pa.d in (.;11, 1~re insurance ~n thc usual ?~andard po~+cy (orm, in a sum app~o~ed by ~he MORIGAGEE, and windstorm insuronca In ths us~al f~anda.d pol~cy io~m, in a s~~n approved by ~he MC~RTGAGEE, in such company or co~+panies as Ihe MORTGAGEE may d'utU; and all firo and w~nd~wrm ins~rence po~~cics on eny of said bu~ldmgs, any interest the~ein or pa.t thereot, in the a9oregare sum aforesaid a in excess tAereof, thatl confa;n the usual standmd mortgagee clause or such oiFur c~a~ie •s the Mortgagee may ~eqv.re, maAinq ~he loss undr+ sa~d puli- c:es, each and every, payable ~o said MORiGAGEE as ils interrst may appear, and cach and e~ery wch pot~cy ahall be promptly ass gned and deGvered ~o any held by faid MORTGAGEE as (~rthar security 1o said mwtgage drbt, and, not less than len (10) days in ad+ance of the expiration of each policy, to de- livsr to uid MORiGAGEE a renewal thereof, togetM? with a rete~pt fw the prem~um of •uch renewal; a~~d there shafl be no f~re or winds~o~~n insurance plxed on any ol said bvild~~s, any interesf there~n or pa~l thereoF, unfess i~ the form and with ths loss payable as a(wesaid; and in the event any sum of money txcanes payab!e under such policy or poGcies taid MORTGAGEE ahall have the opt~on to recrive and apply 1fie aame on account of the indebted- ness secured hereby w to pe~m~t sa~d MORTGAGORS ro rece~ve and we i~ w any parr ~hereof lor or~+~~~ pu~F cses, v.~~ho•~t eh,~. u~ YId1~f1] cr unpa~r- ing any equity, I;en w ~ight under w by virWe of ~his mo-~gage; and in Ihe event ss~d MORTGAGORS shall fo~ any ~eason tail 1o keep ~he sa~d premis~•s so insured, or (ail to deliver p~omptly ~ny oi said pol~ties of insurante to sa~d MORIGAGEE, w fa~l promptly to pay fully any pre~~~i~m therefor or in a~y i refpett Fail to perform, d~stharge, execute, efFocl, completa, comply wi~h and abide by this covenant, or any parl hrreof, sa~d MGRTvAGtE may place a:~d pay fw such insurance or any pa~t ~hereof w~~hout waiving « affeUing any opGon, (ien, cqu~ty, or righ~ unde~ or by v~rtue oi ih~s Mo~fgage, and thc full amovM of each and every such pay~neM shall be immedlately due +nd pay~ble and shall bear interest from ~ha date thereof u~til paid at the rate oi niru pe~ cenrum per annum and to~rthe~ with s~ch interest shali tm sewred by the liee of this mottgage. 1. To permit, commit a sufFer no waste, impairment w dettrioration of said property or any part thereof. ,S. To pay all and singular the cost~, charges ~nd expenses, including a reasonable attorney i fee and costt of abstracts of title, incurred or paid at eny time by sa~d MORiGAGfE, beca~se a in the evem of the fa~lure on the pari oi ~he snid MORTGAGOR to duly, pranptly snd fully perfwm, d~uhe~ge_ execu}a, ef(ed, complete, comply w~th and ab:de by each and every the stipule~~ons, agreements, cond~tio~s, and covenanrs of taid promissory note a~d ihis E mortgege any or either, and sa:d tosts, charges and expanse~, each and every, shalt be immediately due and payab!e; whether or not there be not~ce dr~ ~ mand, attempt to col;ect or suit pend:ng; and the full amount of each and every such payment shall bear interest iro,n tF.e date tht~eof until paid at tht r.~:e of n~ne per ce:itum per an~~~.:n; a~.d aU said costs, chaiges and expanses incurred o~ paid, together w~th such ~nterest, shall be secured by ~he lien of th;~ mortgage. 6_ That (a) in the event of any breach of this Mwtgage or defavlt on tlr part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not prornptly and fully pa~d wirhin th~rty (30) days ~ext after the sa~ne severally become due and payable, without demand or notice. ~r (c) in the event each and every the stipu:anons, agreements, conditions and covenants of sa,d promissory note and th~s mortgage any or e~~her are not iuly, promptly and (ully pe,formed, d:scharged, eaecuted, eifected, completed, complied with and ab~ded Sy, then in e~~her or any such event the sa~d ag gregate aum mentwned in sa~c! prwnisswy note thtn remaining unpaid, with interest accrued, and atl moneys secured hereby, sha~l become due snd pay- ebie forthwith, w thereafter, at the opt~on of sa~d MORTGAGEE, as fully and completely as il aH of the said sums of money wcre onginally st~putated to be pa+d on such day, anything in aa:d pro:n~ssory note w in this Mortgage to the conirary norwi~hstanding; and thereupon w thereaiter s~ the opt~on of sa:d MORTGAGEE, w~thout not~ce or demand, suit at law or in equity, the~efore or thereafter beyun, may be prosecuted as if all moneyf ~ecured hereby n~d matured pnw to as institut~on. 7. Thet in the event that at the ixg+nn~ng oi or at any time pending any suit upo~ this Mortgage, or to foreclose it, or to reform it, or to enforce p~yment of any tlaims he~evnder, said MORTGAGfE shaH opply to the Court having ~ur~sd~ction thereo: tor the appoimment of a Receiver, such Court shall Fo~rhwith appoint a receiver of said mortgaged property atI and singular, i~clud~ng all and sir~gular the income, prof~ts, iss~es and revenues from whate~er source derived, each and every af wh~ch, ~t being exprfssly unde~s~ood, is hereby mortgaged as if spec~iically ut (orth and described in the granting and habendum clauses hereof, and such Receiver shall have all the br„ad and effecrne funU:ons and powers in anyw~se entrusted by a Cour1 to a Receiver, and s_ch appointme~it shall be made by such Go~rt as an admi~ted equity and a n:atter of absol~te right to said MORTGAGEE, and without reference to the adequaty o? inadequacy of the vaiue of the property mortgaged or to the so~vency or msotvency of sa~d MORiGAGOR or the detendants, and that such ren+s, profits, income, issues and revenues shall ix appiied by such Receiver accord~n~ tu the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and futly perform, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agrc~ments, c~ndi!icni and covenams in sa~d p~omiuory nore and this mortgage set forth. 9. That in the event the owr.ersh~p of the mortgaged premisrs, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the !.'ORTGAGEE, its successas and assigns, may, w]thout notice to the MORTGAOR, deai w~rh such wccessor w successor in interest wi~h reference to this rr.ortgage and the debt hereby secured in the same ma~~ner as with Mortgagor without in any wey vitiating or d~scha~ging the Morrgagori liability herr ur,der or upen the debt hereby aecured. No sale of the premises hereby mo.tgaged and no fo.bearance on the pa~t of the MORTGAGEE or its successors or assigns and no extens~on of the nme (or the payment o4 the debt hereby secured given by the MORTGRGEE or its suttessors or au;gns, shall operate to release, d~scharge, modiiy change or af(ect the orig~nal liauifity of the MORTGAGOR herein, either in whole or io pait. ~ 10. It is spec~fically agreed that time is of the easence of this contract and that no waiver of any obliganon hereunder or of the obligation se- cured hereby shali at any time thereaf~er be held to be a wa~ver of the-terms hereoi or of the instrument secured herby. ' 11. In add:tlo~ to the foreno n~ momh!y payrn~nts of princ pa! and inrerFSt requ~red by the prom~ssory no~e secured hereby, mortgagar covenaMs ,•,d agrees to pay to mortgagee v.ith rach mor.!hiy pay~,:ent an add~~~o~al sum est~n~a~ed by morigagee to be eq~al to 1/ 12 of the annual cost of the foiiow- in): . A-All real property taxes ~eveed or assessed agai•~st the above desvibed rea! estate. Ij B-Prem~ums on lire and wmdstv:m ~nsur,~~~e as herc~n requ:red tc be ca~r~ed on tne :mprovemeats s~tuate on the above d^suibed premises. ~ C-Premi~ms on such mortgage gua.anty ~r.SV~dn~C as mo~tgagee shaii f~om t me to time deem fit fo carry on the loan secured hereby_ ~ Mo~tgagee shail irom tJme to ti:ne ncery mortgegor m writ~ng of the amou~t d~e and payable he~eundrr and wch sum shaN thrreupon be due and ! cjyable o~ the due oare of the rtext monsh:y paymem and each suzcessive month thereafrer ur.til mcrtgagee shall notify mortgagor of a change in suth i ~•.ount. $uch sums sFa' appued by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance C n•emiums. ~ ~ C IN V~1T ~VJHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fir ~aforesaid. ~ Sign ealed and 'ver~ in the presence ofe ~ <~~l4-~ O" \,~~~~u~ ' , Seal) ~ ' • I r , W31 (s~a~> ~ _ ! ~<'L (Sea1) ~ - - 1 e~f (Seaq a ~ STATE OF FIORIDA 1 " x } S5. ~OJNTY OF ~ ~-dG - - I ~ Befo~e me personally appeared Israel williaa: a~ ` ~ _ ~da ~ili8~s his wife, to me well known and known to me to be rhe individuafs desu~bed in and who executed the fwegoing instru nt, ~d acknowledged before me that they executed the ~ame for tM purpases ~ Bdda W~llia~s • ~ •~y_. iherein expressed. And the said- ^ ~ r~~fe of the said Israel williaas upon•D'(~ ~t~ ~~~fry"vale ; e.am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed saed inskvm+lYf4~ree~I~n~~o4rrF~ ~ ~ ~a~~ly and w~tho~t any comp~tsion, constraint, apprehens;on, or fear of or from her said husband. ~`,.L~ : ~ ' ~ WITNESS my hand and official seal th;s_ y _ day of ~t~~= 0.~`~i9~,.._'[$:. ~ ~C. ..c ~ l~2/ ifl.! ~1--~!l~~:~i4 . v'~ Notary Public in and for the State oF~bri~st~ ~rp~i~. ` " . My Commission expires: ~ _ . • L NOIARY pUBtJC, STATE of FLORIDA t~(/IpS~ Return To: . ~?~IY CpMMISSION EX. i.-c't"S JAN. 25, 1976 t First Federal Savings S loan Associat~on ~ - Of iurt P,ercP. _ ~HQ~ ~E~ ~~~~fj yr{~~k{TE.KJ fort Pierce, Florida - ~ /ILE(1 NO REG~A 'r This Instrument Prepared By J. H. Roberts ~ Jr. s V~; ~a~~ Y ~ First Federal Savings 8~ Loan Association t ROO~P ~O~TA?~ ~ of Fort Pierc~ Fiorida, A~~~~R~~~t~CIEO COU~T . ~ Checked B;~'„~,.._- OCt 3 9 52 pN ~ F~; ; ~ nR 264988 ~ ~~QK ~19 ~a~E 808 ~ ~ . ~ - . ~ j - { - - - 3 . . _ . ' _ - - . ~ : . . " ~y . . - " _ ' _ ".,...-~,.t._.~k.