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HomeMy WebLinkAbout2179 3. To place and contin~c~sly keep nn ~hr cw'd~~.gs now o~ 1~ereaiter ~ltuate on sa~d land and on al; eq~ip~ne~t and perso~~elly covered by this rnor~g- ege, with sll ptemi~mf ihrreon pa.d ~n (utl, i~re i~wronce in ~tw usual stei~e~d poiiq iorm, in e s..m epprorzd by Ihe MORiGAGEE. an~ w~:1(~S~O~~T , ~nswance in the uwal arandard po!•cy (o~m, in a w~~i appro~ed by the h10RiGAGEE, io such company or compan~es as tha hIORiGAGEE may dnecl; and all (iro and w~nds~orm inwrance poliues on any of ta~d bui:d~ngs, any inte~e~t therein or part Ihar¢of, in the aggreqa~e sum sto~esa~d or in oxcess ~hereof, sF~all contain the usval ftandard moitgagae dause w such o~her clause as the Mo~tyayee may reqwre, making ~ha icss under s~~d poli- . des, each and every, payabte to said h10RTGAGEE es ~ts ~ntzrtit may ap{xar, and eath and every tuch putic/ i~~all be promptly au gnrd a~~d deGver~d ~o sny held by sa~d MORiGAGEE as lurther security ~o sa~d rnurtgage deb~, and, no~ tess ~han ten (IQl days in ad:ance oi the exp~~ation of each polity, 1o dr ~~ver to said MORTGAGEE a ronewal thereof, ~oge~her with a rece~pt for the premium of •uch renewat; and ihare sha~l be no f~re or .vinds~o~m insurance - placed on any of said b~i!dings, any interest therein w pe~~ tt~ereof, unles~ in the fonn end with Ihe lois payab!e as aforeiaid; a~d in ~he evenl any s~m of money becomrs payable u~:der such policy w poGcies sa~d MORTGAGEE shall have the opt~on ?o receive and apply ~he same on accoun~ ol the indcbtrd- ness secured he~eby or to permil said MORTGAGCR$ to recai~e and use it w an~ part the:eof for oan•,r ~.u.~ os~ s. :..ti,o~.r tF~r~ a..~.~ c~ r ing any equ~ty, lien or right under or by virtue of this mo::gage; and in the event sa~d MORTGAGORS shall for any reuon fail to krep ~he sa~d prem~s,~s so , inwred, or fail to de~iver prpnpdy any ol said polk~es of insurance to ~a~d MORIGAGEE, or Iai1 p:on:pily to pay fu:ty any pre ~~~~~n ihcrefo~ or in a:~y . respect lail to perform, d~scharge, etetute, etfetf, complele, to~nply wirh and ab~de by this tovenaM, d any perf h~rrof, sa~d MURivAGEE may i~:ace a~~0 . pay (o~ such insurance or any parl t~e~eof wi~hout waiving or alfecting any option, lien, equ~ry, or ngh~ unJe~ or b~ vu~ue of th~s Mong3ge, and the . fu:i amount of each a~d every such paymeN shait Ix irrwned~atety dve and payable and ahall brar interest f~om fhe date thercof un~il pmd a~ the rare ol ~~ne per centum per ann~m and to~elhrr wiih such inter~st shali be secured by the lien of this mo.tgage. To permi/, commit w sufier no waste, impairment or deterioralionof said property or any part thereof. S. To p~y all and singutar the costs, charges and expenses, including a reasonable attwney's (ee and cosls of abstracts of ti~le, inc~rred or pa~d a~ any time by said MORiGAG:E, beca~se or i~ the event of the failure on the part of the said MORTGAGOR to duly, pranptly and fu~ly perform, d~scnar9e. s.ecute, eFieU, compfees, comply w~th and ab~dr by each a~d every the stipulanons, egreements, conditiont, and covenants of sa;d prom~ssory note and this :r.w~gage any o~ either, and sa:d costs, charges and expenses, each and every, shal~ be immediatety due and payab!e; whethe~ or not the.e be not~ce de mand, attempt to coiiect or suit pend~ng; end the full amount of each and e~ery such paymem shell bear inferest (rom the date thereof umil pa~d at thc ~e o~ nine per centum per annu:n; and all said cus~s, cha~gea and expenses ioc~rred or paid, togrther wah wch imerest, shall be secured by ~he Gan ol th~i mortgagl. . b. That (a} in the evenf of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the event any of satd sums of money 6erein refe~red to be not prompfly'and fully paid within thn~y (30) days nent af~er the same sevarally beco~ne due and payable, without demand or ootice, cr (c) in the event each and every the stiputat~ons, agreements, co~ditions and cove~ants ot sa.d promisso~y note and ih~s mortgage any or e~iher are no1 iuly, promptly and (atly Ferformed, d,scharged, eaecut~, effected, completed, compl~ed with a~d abided S/, then in e[~her or any such e~ent Ihe sa~d ag g:egate s~m mentroned in said promisswy nore then remaining unpa~d, with inierest accrued, and a11 moneys securrd hereby, shall become due and pay- ' ab:e fo~thwith, or thereafter, at :he option of aaid MORTGAGEE, as futly and comptetely as ii all of the said svms of money were or~ginaUy st~pu:ated ro be pa;d on wch day, anyrhing in sa.d prom~sswy note or in this Mortgage ro the co~irary notwithstanda~g; and ~herevpon or thereafter at the op~~on of s~:d MORTGAGEE, withcut not~ce or demand, suit a1 law or in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby n~d maWred pnor to ds ~nstt~UOn. 7. That in the event that at the beginn~ng of or at any time pend~r.g any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereonder, sa~d MORTGAGFE shall apply ro the Coun havir.g ~ur~sd~ction thereo! ior the appo~romero of a Rece~ver, auch Courr sha11 fc-thwith appo~nt a receive~ of said mortgaged property all and singular, indvd:ng afi and singuia~ tne inconie, p~of~~s, issues and revenues from whatever seu.ce derived, each and every of wh~ch, ~t being eapresaty understood, is ?:ereby mortgaged as ~f spec~fically set forth and destritKd in the gran~ing and n36endum dauses hereof, and svch Receiver shalf have all the broad and effectrve funct~ons and powers in anyw~se entrusted by a Covrt !o a Recriver, and ` s. ch appointment sha11 be made by wch Court as an admitred equity and a matter of absolute riyh~ ro said MORTGAGEE, and w~ihcut reference to the adequacy w inadequacy of the vafve of the property mortgaged or to the so~vancy or ~n;olvency of said MORTGAGOR or the defe~~dants, and that such re•,rs, proFits, income, issves and revenues shal~ be appGed by svch Recriver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and futly pe~form, discharge, execute, eifect, compiete, comp~y wi~h and abide by each and every the stipulations, agreements, cor.d~tions and covenants in sa~d prom~s~ory note and this mertgage set forth. 9. lhat in tne event the ownership of the mortgaged p~emises, a any part thereo(, becomes vested in a person other than the h10RTGAGOR, the : ~RTGAGEE, its succeasors and ass~gns, may, wi~hou~ nor~ce to the MORTGAOR, deal with such successor a successo~ in interest with ~eference to th~~ o•~gage and the d>b~ nereby secured in the same manne~ as w~fh ~dortgago. w~thout in any way vitiating or dacharging Ihe Mortgagors' liabiiity here- ~r.der or upon the debr hereby secured. No saie of the premnes hrreby mortgaged and no focbearan~e oo the pari oi the MORTGAGEE or ita successors cr ass~gns and no exrension ot the time for the paymem o1 the debt hereby secured given by the MORTGAGEE or ~ts successws or ass~gns, a~~all operate ro re~eaze, d~scherge, mod+fy change or affect the origmal lia6~{~ty of the N.ORTGAGOR herein, either in whofe or in part. 10. It is speu(ically ag~eed ~hat fine i; of the esse~ce of this contract and that no waiver of any obttga~ion hereunder or of the obligation sr c~~red hereby shali at any time therea4ter b> held to be a wa~ver of the terms ~ereof or of the instrumern secured herby. 11. In add.tlo~ !o the forego ng month!y paymenrs e`. princ pal and inrerest requ~red by the prom'ssery ne'e secvred hereb~/, mortgagor corenants c agreei to pay ro mo-igagen wa~ eacn mun~n:y payr.:eni an eod~nonai sum cst:n;a~ea oy rnoriyeyee iu ue ry~a~ ~v i,~ o~ ~~~o a~..~o~ wo~ v~ w~~....- A-A!1 real properry faxzs lev~e~ or ass^ssed eg~i•tiT the a: ~~e descri~ed real es!ate. ! B- Fram[vns on f~re and •JVir.dstonn insurac:e as he.e~n requ~red to 5e .arried on the ~mproveme~ts s~tuate on the ebove described premises. C-Prem~ums on such mortgage gua.anty ir.wrar~ce as mortgagee shail fre:n Lme to time deem fit to carry on the (oan secured hereby. Nortgagee sna~I frcm flme to nme ncr~fy mortyagor ~n N~it~ng of the amount due and payable hereundzr and s~ch sum ai,alt the~eupon be due and i .~rsb~e on the due date oi tho next month:y pay~nent and each svttessive mor~th tfiereaitar uctil mortgagee sha~l notify mortgagor of a change in s~ch i • ovnL Such sums sha:f be app!ied by mortgagee to~.ard the payment of r~ai property taxes, insura~ue prem.ums, a~~d mortgage ~uaramy insurance ~ .rernfums. ~ i IN WITNE55 WHER~OF, the sa~d MORTGAGQR has hereunto set h;s hand and seal the day and year first aforesa~d. ~ ed, Sealed and ~elevered in the presence of: i E ~ ~ ~ € ~a', ~ wi ss• _ J n V. Min o ,q ~ ~si~ g itness: ~ _ Marie T. Mingo ~~ai~ ~ STATE OF FLORIDA ~ ~ ~ c~U?JTY OF ST. LUCIE 1 :3: ~ Before me personatly appeared John V._ Mingo, $T. '~~~~~~l~T~IJ,_:_ e~ ~ _ Md.! le T. I~'~lIIqO his wife, to me well~k~ow~? and Qn~r to me to be ~ fhe individuals descri~ed in and who executed the foregoing instrument, and acknow{edged befare me that they ai~eFe.a~•~?R~~~fo~i)he purposes rF~.ein expressed. And the said ~=le r . Mingo ~ ~ _ • John V. Min o Sr. ~ ~~~e of the sa~d - 9 s = vpon a sPpaipt$ aQd privste ~ era-n~nat~on by me taken separate and apart from her said husband, acknowledged to end before me that she ex~Eute~-said.~ItiW~t'~=~d votun- ; y a~d w~thcut any compulsion, consrraim, apprehens:on, or fear of or from her said husband. : ~t+~u _ y _I(~ ~ ` . WITNfSS my hand and ofiicial seal this__ ~h' day of N ~Zb~ 19 7~ / , . - i ' •4~ • , - Notary Public in and for the St • f~it~ a(~farpe My Comm~ssion expires: . . Retum io: NQjAR1f pUBUC, STATE d fIORIDA ~ lAR6E _ First Federal Savings 3 Loan Associat~on MY CO~tMISSION EXP{RES SEPT. 1975 of Fo~r P,~,~A. Bonded ~r American Bankers Insursnce Co. : Fort P~erce. Florida t ~ ~ FILED : ?i' nEi.u~DEO ~ Robert A. Swisher Jr . St.lv: :••~'JNTY FLA. This Instrument Prepared By ~ _ _ _ First Federal Savings & Loan Association P~ '"~A~ ~ of Fort Pierce ~ FloYida _ `%;r' : ` ~ - C'.'•URT ~ . _r ~ Checked BY'-~~ - 0 R PAGE~~~ N011 ~ y 23 ~H ~ j~ ~ a00~ ~ ~ ~ ti c- ~ . 26a~ 1~ g:~ Y ' _ .~X:- ~ . . _ ' ' _ _ . . - ' _ . . . _ _ . _ . , . ' . . . , .