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HomeMy WebLinkAbout2232 3. To place and contin~ously keep on ~he t~..i d,~~ys ncw on c~rraiter s~~cate cn ia:d !end and on a': eq.,~;:~+:cn+ ar.d penona!ly cc.e~~d by thh murig- sqe, w;~h all prenuums thereon pa•d in fuli, f~re ir,s~re-.ce m the usv~l standard po!rcy form, in a ium arp~~+ed by ~he A10R:i,%.Gi~, ar~d w.~~ds~orm ~csurance in the usval standa~d po~.ty lo~m, in a sum app~oved by the MORTGAGEE, in fuch CO~n~iJny cr ccm~;an.es as tht MOR~GAGEE may . duec~; and a~l lirs and w~ndsto~m insurance pol~ues on any oi sa~d b~itd~ngs, any interest therein or pan thrreo(, in ~he a9g«ga~e tum ato~es~:d w in extess ~hereof, shall contain the us~al standard mor~ga9ee clause w tuch o~he~ c'euse as the Mortgagee may requ~~e. ~~aM~~+g ~~~a los~ u~~drr sa~d po~i- , cies, each and every, payabie ~o sa~d h10RiGAGEE as ~ts ,nrerrs~ may appear, and eath and every avch po~~cy sha~l ba p~ompi~y ass gned e~~d dr~~~ered so any held by aa~d MORfGAGEE as (u~thrr srcurlty ~o sa~d mortgage debt, and, no~ leas than ten t~0) days in adYance of ~he e~p~~at~on of each pol~cy, ro dr I~ver fo said MORTGAGEE a renew~! thereof, together with a rece~pt (or ~he premium ot suth renewal; and ihere sha:~ be ~o ~~re o~ wu~as~o~~n ~nwrance plectd on any of so~d buildings, any inte~est therem ot pa~t fhareof, unless in the fo~m and w~+h the lou paya!,!e as aforese~d; and in the event any sum of money becomes payable unde~ such policy a poGurs said MORTGAGEE shrll have ~he opnon ~o recn~ve ar,d apy'y fhe sa ne on aaaum o~ ~~•e ind~o<<d- ness stcured hereby O~ lo permA fa~d MORTGAGORS lo rKaive and ufe if of any pa~1 thz:cof tor .::n_r F.vr,~ses, v:,i+:~~t th:•.~r .v..~...3 0~ ~'~~P..~r- ~ng a~y equrty, lien or r~yht unde~ or by virtue of this me~'gage; end in the evem sa:d MORTGAGORS sha!1 for any reason fai) to 4rep the sa~d prem~a~s so lnwred, a tail to deliver promptly any of said po~rcies of insu~ar.ce 1o sa;d MORiGAGEE, or fail promprly to Fay tu:ty any p~e~+~~~~n ther~fo~ or in a~y reapect (ail to perfwm, d~scharge, exec~re, effect, canplere, conply with and abede by this tovenant, w any par+ hrraof, sn~d MC~Rt',',aGEE may p~acr a~~o pay fw such insurance or any part thereof wi~hout waiving or af(ecting sny option, lien, equ~ty, or r~gh~ under w b~ v~rtue of this Mongage, and the f~11 amount of each and eve~y such payment ahall be immediately dua and payable and shal! bear interest trom tha da~e ther,:o' u~~il pa~d at ~he rete ol , ~~ne per cenwm per annurn and fo~eiher w~~h such interes~ shali be sec~red by the lien of thls mongage. To permit, commit or sui(er no waste, impairment w deterioration of aaid property w any part the~eof. 5. To pay all and si~gular the costs, cha~ges and e:censes, indud~ng a reasonabte attorney's iee and costs of abavacts of titlo, incuned or paid a~ • any time by sa~d MORTGAGfE, because w in the even? of ~hr fa~lure on the part of the sa~d MORTGAGOR to duty, ora~~pNy and fuUy pr~furm, d~sch~rge. ~xecute, effetl, comptete, comply wrth and ab:de by each and every the stipu~at~ons, agreemenu, conditions, and covenants of said premissory note ar.d this mortgage any or e~~l~er, a~d sa~d cos~s, charges and exprnses, each and every, shall be immrdia~ely due and payable; whe~he~ or not there be nonce d~ n:and, attempt to tollcct or suit pend~ng; and the (utl amount of each and eyery wch payment shall bea~ interes~ from the date thercwf until paid at the -..re of nine pe~ ceo:~m per annum;~ond aiI sa~d cosn, charges and expenses incurred w pa~d, together wdh wch interest, shall be secured by the I~en oF th:s mortgage. b. That (a? in the event of any brracfi of this Mo~tgage or defauh on tF~ pa~t oi the MORTGAGOR, or ;b) in the event any oi sa:d sums of money hzrein reterred 1o be not promptly a~d Iully paid w~thin thuty (30} days neat after ~he same severa!ly become due and payable, w~thout demand or nonce, or (c) in the event each and every the stipulatiuns, agreements, cond~tions and covenants of sa,d promisso~y note and th~s morfgage any or e~ther are nol fuly, promptly and fully performed, d.scharged, e,eecuted, efteded, completed, compl~ed w~th and a6~ded 5y, then in e~ther or any such event the aa~d ag- ~regate sum mentioned Sn aaid prom~ssory nore then re~naining unpaid, with interest accrued, and a~l rraneys secured hereby, shall btcome dce and pay ao:c forthwith, or thereafter, at the option of said b1pRTGAGEE, aa fuily and completely as ii all of the sa~d sums of money were anginatly st~p„iated to be paid on such d:.y, anything in sa.d pro~n~sswy note or in this Mwtgage to the tonrrary notwithsta~d~~~g; and ~hereupon or thcreafter at Ihe opt~on of sj:d MORTGAGEE, w"rrhout nonce or demand, suit at law or in equity, therefore or thereaher begun, may be prosecuted as ii a!I moneys secured hereby n,:d maWred prwr to ~ts inst~tuuon. 7. That in the event that at the beginning of or at any time pending any suit upon this Morrgage, or to foretlose it, or 1o retorm it, or to enforce ~aymem of any daims hereunder, sa~d MORTGAGEE sha~l apply to the Cour~ hav~ng ju~~sd~ct~on thereol for the appo~~tment of a Receiver, suc6 Courf sha~l io: thwith appoint a rece+ver oF said mortgaged preperty all and singu,ar, includ,ng all and singular the income, p~ofits, issues ar.d revenues from whatever so~r.ce derived, each and every of wh:ch, it be~ng expressty unders~ood, i~ t:ereby mcngaged as if speufically set forth anrl deurebed in the grannng and h,bendum cla~ses hereof, and s~ch Receiver shail ha~e al~ the b~oad aod eHecf~ve furtct~ons and powers in anyw+se en~~~sted by a Court to a Retri~e~, a~:d s_:h appointment shall be made by such Cou~t as an adr;itted equity and a ma~ter of absolure rigM to said MORTGAGEE, and without referer~ce to the adcq::aq or inadequacy of the va~ve of the property mortgaged or to the so.vency or inio:vency o~ sa~d MORiGAGOR or the deier.dan!s, and rhat such renu, profits, income, iswes and revenues •hatt be appiied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the pract~ce of such Court. 8. To duly, promptly and fully perform, discharge, exec~te, effect, complete, comply w~lh and ebide by each and every the stipu~ations, agreemeMS, conditions and covenants in sa~d promissay note and th~s mortgage set fath. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :'ORTGAGfE, its successon and ass~gns, may, without notice to ~he h50A1GAOR, dea! with such svccessor or succeasw ~n interest w~rh referer.ce to th~s n.o~tgage and the deb~ hereby sewred in the same manner as w~~h blorrgagor w~thout in any way vitiating w dscharg~~g the 111ortgagori ~iabiGty here- ~nder or upon the debt hereby secured. No sate of the premises hereby mortgaged and no iorbeare~ce on the part of the ~AORiGAGEE or its successors er ass~gns and no extenslon of rhe ~ime for the paymem of the deb~ hereby secured given by the 1dORTGAGEE or its successors or ass:gns, a~:all operate ro re~ease, d~scharge, modify char.ge o~ affect the o~ig~nal liab:l~ty of the MORTGAGOR herein, either in whole o~ in pa+t. 10. It is spec~4~calty agreed that time is of the esser.ce of this contrac! and that no waiver of any obl~gat~on hereunder or of the obtigation se- c.,red hereby shal: at any time thrteafter be he!d to be a wai+er of the terms hereof w of the instrument secured he~by. I l. In add i:c~ •o the forego ~iq mw~th'y paym~rts of p-in: pai and interest required by the prom[sscry no!e secured h~~reb~, mortgagor covenants ,-~d ag~ees ro pay ro mo-tgagee with each month!y pay~.,ent an,add~cionaJ sum est:mared by morfgagee to be eq~al to 1~ 12 of the annua! cost of the foiiow- A-A!! real property taxrs lev~e~ or assesscd agai•~st the abave described real estau. B- Prert.~ums an fire and w~ndstorm mw~acce az here~n requ:re•j to be car.ied on the ~mproveme~ts s~t~ate o~ the above d:scribed premises. C-Pre:niums on such mortg;ge guaranty ir.wra~.ce as mo~tgagee shall ~rom t me to time deem fit to tarry on the loan securcd hereby. i ldortgagee shail from rime to t~ re nonfy mc.tgagcr in wr;t;ng of the arr:ount due and payable hereundrr and wch w~n sha(1 thereupon be due and ; ,~,ab1e on the d~e dare of the next n;onth:y payment and each successive mo~th tnereaf!er ur,~ii mertgagee shail not:fy mortgagor of a change in such 4 o~nt. Such sums sha.i be app:ird by mortgagce ~ofsard tne pa~ment ef real property tazes, insurance prem:ums, and mo~tgage g~aranty insurance - ~miums. ~ ~ IN YJITNE55 EREO e sa~d MORTGAGOR has hereunto set his hand and seal the day and ear first aforesa[d. } Sigo nd eliv 'n th res ce of: ` ~ ~ ~ _ 2 a~ Grad C itz atz ~~aq ~ - - YC~1~~ ` ~ ~ cseaq ~ _ Geraldine . Ri patrick ~~a~~ ~ S;.%+TE OF fLORIUA ! ~ :.~UNTY OF St • I.UC1@ j ~ ~ ~i Before me personally appeared GZadjl C• F~t2~ltY~Ck a~ _ t'iBl~ld~fl@ .l. F itzpatriek his wife, to me well known and known to me to be ~ ,he individuals descrioed in and who executed the foregoing instrument, and atknowledged betore me that they executed the same fQr•7hl~~~4s r ~ ~~~rein expressed. And the said Geraldine .1• FitzuatYiek t~~ ~ r C r'~t2 tri.ck n a s e•a••'•ri~~t~~- i ~ e of the said ~Po Z`d~ ~ P ~ ~ ~=am:nat~on by me taken separate and apart from he~ a d, acknowledged to a~d before me that she executed said inst,~r~u~.lreely^and volum _ i ~ ~•.'y and w~thout any coTputsion, ccnstra~nt, appreh s~ e of or fr~m her~ 'd husband. ~ Q; ~Z - m ~ WITNE55 my hand and offic~al seal th~s~_ day of October D. J9 7~ ~ .~a ~ ~ J ~ ` ~ Notary Public in d fw the State of F{6yds af{arge . - z`: My Commission expires: ~~y, ~-p;_ Retum Toc `i~ C . ~ Fint Federal Savin9s d~ loan Associat~on MOTARY PU3CIC. Mr SiA7E of F[ORIDA at URGE - ?1ocC b fortOPier~ce, Fiorlda E~ CC ~'~S~~~fi f%PiRES lAN. 7. 1977 r;; ..an 6., .K~rs la5Q~3flC~ Co. a FILED AM^ R~CUR p Gary F. E llwood ST. LUC~E CGUMtY ~~A. F~ This Instrument Pre ared B ~ P Y RoCi ?J TRAb First Federal Savings & Loan Association CIEfiR ;J+t CpUAT , ~t Florida RECOR^ vf=~"IEO~ of Fort Pierce ~ ~ Checked By ~CT ~6 9 59 AH ~'3 - ~ ~ ~ ~ n'~RK 2~.9 PA~E 2231 zssQSs ~r~ ~ , sb - , ~ ~ - . ~ _ r ~ - , ' ~ - - ~ : .