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HomeMy WebLinkAbout0918 9. To place and continuo~sly keep on the Lui:di~',9s now or herca(te~ f tuate on so~d !a~d and on a~l equ~pmem ar.d personally ccve~ed by this mo~tg- age, with all premiums ~hereon pa,d in full, I,re inwrance in the usuet srand~rd pol~~y form, in a sum ap~,~o~cd b~ the MOk~G:.GEE, a~~d w~nd,wrm inturance in the ui~al arandard poLCy fo~m, in a sum approred by the MORTGAGEE, in sucA canpany or compan~cs as the MORiGAGEE may direct; and all fire and w~nd~rorm insurance po6c~e~ on any of sa~d bu~!d~nys, any inlerest ~herein or part ~he~eai, in the a9g~egafe wm atoresa~d o~ in excess Ihereof, shall contain the uswl stan~3rd mortgagee tlauae or iuch o~her cla~se as tbe Mortgagee may reyu~ie, making the lou undr~ aa~d poi'r cis~, each and every, payab!e to sa~d h10RTGAGEE as ~~s inierest may appear, and each and eve~y such po~~c~ shall be pron,puy ass g~~ed a•~d de~~vcred ~o sny held by said MORfGAGEE as fur~her security lo said mo~tgage deb~, and, not leu ~han ~en (10) days in advance of the expi~ation oi each pol~cy, to dr liver to said MORTGAGEf a renevval thereof, logether with a rece~pt for the pre~n~um of such renewal; and there shall !x rw fire o~ winds~o~m in~urance placed o~ any of sa~d buildings, any interest thereio w part thereof, unless in the (orm and with the loaa payable as afo~esaid; end i~ the event any sum of money becomes payabie u~~der sucfi policy or polkirs said MORiGAGEE nhall hava the opr;on to receive and apply the same on account of the ind~•btcd- ness sKUred hpreby or lo perniit said PAORTGAGORS lo receive and use it or any part ~hercol ior omrr pu~{.~oscs. .•,~th-,~t ~h •.~u, tiv,~.i~+7 ur ~:~~p„~~- ing any equity, lien w r~ght under or by virtue ol th~s mo: tgage; and in the event u~d M~RTGAGORS sha!I for any reason fail to kecp the sa~d p~emis:s so insured, a(ail fo deliver pranptly any oi said pol~cies of Ens~ranca to sa~d MORiGAGEE, or fail prornptly to pay fu~ty any pre•n:~m therefo~ or in a~~y respect fsil ro pertorm, discharge, execute, e~fed, canplete, comply wi~h and abide by this cove~ant, w any part hrrrof, sa~d MURTGAGEE may piacr a~:d pay to? tuch insurance or any parf thereof w~thout waiving or affeding any optio~, lien, equ~ty, or rigM under o~ by vutue af this hlo~~gage, and the fult amount of each and eve~y such payment shall be immediate~y due and payable and shall bear inter~st Irom the date thercof until po~d at ~ha rate ot nine per centum pe? annum and to~rther w~th such interr~t shall be sxured by the lien oi 1hi~ mortgaga. . 1. To permit, commit a su(fer no waste, impairment pr deterioration of said prope+ty q any part the~eof. S. To pay all a~d singular the costs, charges and expenses, including a reasonable attorney's (ee and costs of abstracts of titie, incurred or paid at any time by said MORTGAG:E, becavse or in the event of the (a~lure on the pan of the said MORiGAGOR to duly, promptly and fully perform, d~scha~ge. >xecute, e~Fect, comp~ete, comply w~th and ab:de by each and every the stipulanona, agrernients, cond~~ions, and covenanrs of said p~om~ssory note and th~s mortgage any or either, and wfd costs, chsrges and expenses, each and every, shall be immediately due and payable; whether w not there be nouce d-~ mand, attempt to cotiect or suit pend~ng; and the iull amount of each and e~ery su<h payment thall bea~ i~~terzs~ from the date thereof until paid at the r,,te of nine per centum per am~u:n; and atl said costs, charges a~,d exprnses inturred w paid, together w~~h a~ch imerest, shall be secured by the i~en of thl~ mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the pa~t of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not pronsptly and fully paid w~ihin Ihuty l30) days next airer the same severaHy becane due and payable, w~thout demand or noflce, or (c) in the evem each and ev~ry the slipularfons, agreements, cond~~~ons and covenants of sa,d promissory note and th~s mortgag~ any w e~ther are not ~uly, promptly and fully performed, d~scharged, execvted, effected, compteted, compLed with and ab~ded 5y, then in e:ther or any svch evem ~he sa~d ag- gregate sum mentioned in said promissory note.then remaining unpaid, with imerest acuued, and atl moneys secured hereby, shall become d~e and pay- abie forthwith, or thereafter, at the option of said h10R7GAGEE, as iuliy and comp!ete~y as if a4 of the said su:ns of money were or~ginaily sup~;ated to be pald on such day, anything in sa:d pro:n~sso~y note or in this Mortgage to the co~trary not•xiihstand~ng; and ~herrupon or thereafte~ ai the op~~on of sa~d MORTGAGEE, withovt not~ce or de~nand, suit at law w in equ~ty, therefore or thereaieer begun, may be prosecured as if aIl moneys secured hereby nad matured pr~or to ;ts institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fo+eclose it, or to ~eform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Courf having ~ur~sd:ction thereof tor the appo~nrment of a Receiver, such Cuur1 shail iorthwith appoiM a reteiver of sa+d mortgaged prOperty all and singular, intlud ng all and sinyula~ the income, profAS, iss~es and revenues from whatever seurce derived, each and every of wh~ch, it be~ng expressty understood, is he:eby mor+gaged as if speufically set forth and described in the g~anting and habendum dauses hereof, ar.d wch Rece~ver shall have all the broad and eifect~ve (~nct,ons and powers in an~wise emrusted by a Court to a Receiver, and _ s~ch appointment shall be made by wch Cou~t as an admiued equ~ty and a matrer oi absolute right to said MORTGAGEE, and without relerer~ce ~o the adec~uacy w inadequacy of the val~e of the property mortgaged or to rhe so.vency o~ mscivency of said MORiGAGOR or the defendams, and that such ren+s, profits, income, issues and revenues shall be applied by s~ch Receiver accord~ng to the lien or equity of .said MORTGAGEE and the practice of such Coutf. 8. To duty, promptly and fully perto~m, d~s~harge, execute, effect, compiete, comply w~rh and abide by each and every the stipulations, a~reements, conditions and covenants in sa~d promissory nore and this morlgaye set io~rh. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other thao the MORTGAGOR, the ",'.JRTGAGEE, its successors and ass~qns, may, wiihout notice to the MORTGAOR, deal with such svccessw or successw in interest wirh refrrence ~0 lhis c•o~tgage and ihe debt hereby secured in the same manner as with /Jlortgagor wrtFwut in any way vitiating or d~xharging the Mortgagoty' liabili:y fiere- under or upon the debt hereby secured. No sale of the prem.ises hereby mortgaged ar.d no iorbearance on the part of the /AORiGAGEE or iu successors or assigns and no extension of the time for the payment oi the debt hcreby setured given by Ihe MORTGAGEE or its successors ot assigns, a~~al) operate ro re!ease, d~xharge, modify change or affect the o.iginal liab~tity of the MORTGAGOR herein, either in whole or in part. 10. If is spec~fically ag~eed thaf time is of the essence of rhis contract and fhat no waiver of any obt~gat~on hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terma hereof w of the instrument secvred herby. I l. In add;tio~ to the forego ng rnonth!y paym~nts of princ'pal and inte.est required by the prom ssory no!e secured hereby, moryagor tovenaros ,~~d agrees to pay to mortgagee rn•th each monthfy pa7~:zenf an add~cio~al wm rs~~mated by mortgagee ro be equai to 1; 12 of the annual cost of the follow- lr.y: . A-All real properry taxes lev~ed or assess:-ci a~ai•~st thc above described real estate. - B-Prenuums on fire and vvinds}o'~n inw~arce as herein requ~red to be carried on the improveme~ts situate on the above d_scribed premises. ~ C-Premiums on such mortgage gua.anty inwrar.~P as mortgagee shail from t+me to time deem fit to cany on tF.e loan secured hereby. ~ Mortgagee sha!! '.rom time to time notify mortyagor ~n writ~ng of the amount due and payable hereundrr and such sum shail thereupon be due and i_,~able on the due dare oE ~he next month'y payment and each successive month tnereafter uoti~ mcrtgagee shall not:fy mortgagor of a change in such j ~~:ouM_ Such sums sFa!I be app!ied Gy mortgag-.e tohard the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurar.ce ~ p•emiums. ~ \'/ITNE55 'NHEREOF, the said MORiGAGOR has hereunto set his hand and ieal the day and year first a~oresaid - ~ ned, a ed and de 'ver ' t e.ce of: / ~ ~ .([-c,l.c{~ _ ~t ~~~(Seal) David Suppes , `S! • ~an ~ ~ f Q-%Z~.-,~I7 ~IZ/(L't~ (Seal) Y D S M. Sup- ' tseat) ;TATE OF FtORIDA t ~'Jt j.l~Cl@ T ~ ~OUNTY OF • 1 Before me personally appeared David Suppes ,$I • end DOrl$ M. $llpp@S his wiie, to me well known and known to me to be ~ tha individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ rherein expressed. And the said--- ~OZ3S M. SUDMS ~ +.~fe of the said ~ upon a separate and private ~ exam~nat~on by me taken separate and apart• from her said husband, acknowl before me that she execut,zd said instrument freely and volurr rar~ly and without any computsion, constra~nt, apprehens~on, or fear of o~ om her.said usband. ,{~4,~.,~~~,~.y WITNE55 my hand and off~cia! :eal this__ d of tenber ^p~ p~ 73 v, y - Notary Pubiic in and for the State ~ FloJda al~i~rgi • ~ My Comm~ssion eapires: C" ~y';' `v' Retum To: ' Q ' 9 • , - - ~ . ~ ~ : 0 C First Fedetal Savings 8 loan Associat:on r~ 1/, .;c - i. ~ v i ~ , r` Of Fo,r P.rce- IK?:l,:tt Pit:;?!C.S?ATF ef FlOR10Aat LARQE - i~; Fort Pirrce. Flcridi ~ t,;`..~ ~ ~ ~ . _~~~t ExPIkES lAN. 7. 1977 • " ~~a ifv „~'~~::oa b;niers I;wranct C0. Sj~~.`~~~•4 . i,i ~z . ~ ~ ` This Instrument Prepared ey Gary F. Ellwood itLEO ANa RECOft~EO =T. WC~E COUMTr Fl.l First Federal Savings $ Loan Association ROCEa FOITR~S ~~ft • of Fort Pierce , Florida CIERK CtF.~U1T COUIIY ~ ~ k'~ k~~ RE~flR~ VERlf1E0 ~ Checked By~ ~ OcT 3 3 ss PH Z3 gb w_ ~O~I(~~~7 PACE 9~V ~G6J~~J . ~ . _ - ~ ~~P - ~ . . - . . ~ _