Loading...
HomeMy WebLinkAbout2393 3. To place ~nd tontinuO~sly keep on the bui'J~~.3s now or hereaf~er s~tuare on sa~d land and un atl eq~~p~T~rnt and personaliy ca.ercd by th~s mortg- age, with ai) prem~unu thereon pa.d in fu:i, f~rc ins,.rnntr in the us~al s+ardard po~~cy form, in a wm appro.cJ oy ~he MOR~vAGEE. ~~:d w~~~d~to~m ms~rance in ~he us~at a+a+~da.d po:.cy fonn, in a svrn appro~ed by thq MORTGAGEE, in such company or cornpan~es as the MORiGAGEE may d~rect; and all firo and winJstorm ins~ronce policies on sny o( sa~d build~ngs, •ny interest therein or pa~t thereol. in the agqreyate sum aforesa~d w in excess ihercof, ~hall con?ain the usual standard mortg~g.:e cla~se or auch o~he~ clauss as the Mo+tgagee may req~~re, ma~~ng ~he ~oss ~~~d~~~ s.+,d poli- c~ea, each and every, peyab~e ro said h`,ORIGAGEE as ~ts interre~ may appear, a~d each and every wch pc,:~cy al~all Lie prompt~y ass g~~cd a~~d de:~Yer.d +o eny hetd by sa~d MORIGAGEE ss tu~ther srcurity to saiJ rno.tgage debt, and, not lesi than 1en (10) days in ad+ance of the expirat~on of eech poGCy, to da I~ver to said MORTGAGEE a re~iewal thereof, toge~her with a rece~pt for the premium o1 such renewal; a~~d ii~rre sholl be no i~re o~ windato~~n inw~ance ,laced on any of sa~d bvildings, any inrerest there+n u part ~hereof, unless in ~he (orm and with the tois payable as afo~esaid; and in the e~en1 any sum of money becomts payable undrr s~ch polity or poLc:es sa~d MORTGAGEE shall have tha op~~on to recr~vr and opNly the same on acca~nt of the indcbt~J• ness sew~ed hereby or to perm~t sa~d MORiGAGORS to receivc and use it w any p~rt ihe:cof io~ o;~~.~ ~.~,~:~s~•s. ..•ih~.,.r ih°.:~~ ~v-.~~ ~ c~ P~~" . . . . ' _ . _ _ _ • illl ~fll f43i~ili i31i ~t~ Rt'i:-> ~i-:C >:::'.Ji '`•-;~..:~..5 ~v ~ng any equ~ty, I~en or r.qn1 under or by vur~e oi in~e mo:~gage; and m the evcro sa:d Rii}itTt;:.~VK~ sno:i y ~ r z~ ~nsured, o~ fail• to deliver pro~nplly any of said poi~ues of insurance ~o sa~d MORTGAGEE, cr i~~l prompsly to pay fully any prenu„m thrrclor or in a^y rrspect fail to perfprm, d~scha~ge, ea~~cute, eiiect, canptete, comply wirh and ab~de by th~s covenan~, or any pe.~ hareof, sa~~! MuR1G:.GEE ~nay p~ace a~ o pay for such insurance or any par~ thereoi without waiving w affecting any optiun, lien, equ~ty, or r~ghi under or by virtue of ~h~s bloregaye, and the t.;ll amount ol each and every such pay~nrm shaH be ~mmediately due and payabie and shall bea~ ir~twest from the date thareof un~il p.:~d a~ the r~re ot n~ne per centum per annum and to~ethrr w~th wch ir.rerrst shaii br src~red by the lien of thia mortgage. ~1. To permit, commit w suffer no waste, impairn,ent or detrr~orarion of sa~d property or any part ~hereo(. 5. To pay all and singular the costs, charges and expenses, ~nclud~ng a ~easonable atto~ney's fee and cos~s of abstracts of t~t(e, incurred or pa~d at any time by sa~d MORTGAGfE, because w in ehe event of the fa~iure on the part of the said b10RTGAGOR ~o du~y, p~on+ptly and fully pe~form, d~schjrge ,aec~te, et(ect, comptete, comply wah and ab:de by each and every the stiputanons, agreements, conditions, and tovenants of sa~d piomisiory nore snd ~his ~,ortgage any or e:ther, and sa~d costs, charges and expenses, each and every, shall be immediately due and payab!a; whrther or not thrre be not~ce ds mand, attempt 1o tollect or s~it pend~ng; and ~he full amount of each and e~ery such payment s1~a11 bear interest From the date thereof u~~til pa~d at the c~~ 03 nine }>er crnt~m F,er a~uwm; and all sa~d cosis, charges and exy,e~uzi incurred or paid, togcther w:th such ime~est, shall be secured by the I~en of th;s mortgagE. 6. That (a) in the event of any breach of this Mortgage o? default on thr part of the MORTGAGOR, or ib) in the evenf any of sa:d sums of money h~rein referred to be ~ot promptly and fully paid within thirty i30) days nex~ afte? the same severally become due and payable, withou~ demand or notite, er ~c) in the evant each and every the stipu;ations, agreemen~s, cond~~ions and covenants of sa,d promisso~y note and th~s mor~gage any or enher are no1 ~~~y, promptly and (ufly pe~formed, d:xharged, executed, effeued, compteted, complied with and ab~drd by, Ihen in e~ther or any s~ch eveM the ia~d ay~ qrcgate sum mentioned in said promissory note ?hrn remaining unpaid, with interest accrued, and au ~noneys setvred hereby, shall become due and pay ae e tonnwith. or fnereaTter, a~ tne opr~on of se~a nivKii,i~ucc, as iu~iy ano cwnpirtr~y ea if a~i vi ~~+r so~.i sv~~.s o~ .~~..~.~y «rce ..:.y:..a:Er 3;:r~:~:~~ to be pa;d on such day, anything in sa:d prom~ssory note or i~ this Mottgage to the tontrary notwithstand~ng; and ~hcreupon or thereatter at the opt~an of si,d MORTGAGEE, without not~ce or demand, suit at law w in equity, thrrefore or thereafter begun, may be prosec~~ed as if all moneys secwed hereby r.,d matured pnor to ~ts institut~on. 7. That in the event that ar the beginning ef w at any time pending any suit upon this Mortgage, or to fo~eclose it, or to reform it, or to en(orce payment of any clafms he~eunder, said MOR?GAGEE shall apply to the Court having junsd:ction thereof (or fhe appo~ntment of a Rece~ver, such Cou?t shall io;;hwith appe~nt a rece~ver of said mortgagerl property alt and s~ngular, includmy all and s~ngu~ar the income, profits, issues and revenues from wh.+ever so~~rce derived, each and every of wh~ch, i~ be~ng expre:s!y undersfood, is he:eby morrgaged as ~i speuficaity set for~h and deuribed in the granung and h,~,endum dauses hereof, and such Receiver shali have a:l the broad and effective funo.ons and powers in anyw~u entrusted by a Court to a Rec.:iver, and s_ch appointment shall be made by such Cour~ as an admitted eyuity and a matter of absol~te right to sa~d MORTGAGEE, and with~ut referance ~o the ad.yuacy or inadequacy of the value of rhe property mortgaged or to the ao~vency or msotvency of said MORiGAGOR o~ the defendants, and rhat such _^n, pro{its, income, iuues and revenues shaH be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the praU~ce of such Court. 8. To duly, promptly and fully perfarm, discharge, execute, eftect, complere, comply w~th arxl abide by each and every the stipulations, agreements, .~:~d~tiuns and covenams ~n sa~d promissory note and thls mo~tgage aet fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the .•72TGAGEE, its successors and assigns, may, wifhout norice to the NORTGAOR, deal with such successo~ or successor in interest wi~h reference to this ~;,•tgage and the debt hereby secured in the same manner as with 6torfgagor without in any v~ay vitlating or d~xharg~ng the Mortgagori tiability F~re- v::der or upon the deb~ hereby securEd. No sale of the premises hereby mortgaged and no forbeara~ce o~ the part of'the IAORTGAGEE or iu successors o~ ass~gns and no extension of the time for the payment of the debr hereby secured given by ihe MORTGAGEE or its succe3sors or ass~gns, a~~all operate ~o re~ease, d~scharge, modify change or affect the origmal liab;lny of the KORiGAGOR herein, either in whole o? in part. 10. It is speuficatly agreed that t~me is of the esse~ue of this contract and that no waiver of any ob~+gat~on hereunder or of the obligation se- cured hereby sha11 at any time rhe~ea4ter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t:o~ to the forego'~~9 month'y paym~niS of print pai and imeres! requ~red by the prom:sscry no!e sec~red her~b~r, mortga~or covenants 3~ d agr~es to pay to mortga3ee v~~th ea:h n~onrh!y palrnent an addn~onal sum es~~n,ared by morrgagee ro be equat to 1; 12 of the annuai tost of the foiiow- i: A-Ail real property taxrs ievied or assessed agsi•~~st thc ai;ove desc.~bcd 'r,al estate. 6-Pram~ums oa f~re ar,d w~ndsrorm ins~rar.ce as nere~n requ:red to be carried on the ~mproveme~ts rtuate on the above d_su~bed premises_ C-P~emiums on such mcrtg;ge guaranty ir.sura.,ce as mortgagee sha':I fre:^ t:me to time deem fit to carry on the loan sewred hereby. Mortgagee Shail from time to t~mc not~4y mortgagor in wrii:~g of fhe arrovnt due and payable hereund~r and such woi shafl thcreupon be due and .,able on the due dat~ oi rhe nexr mor.th!y payment and each successive snon'h thereafrcr uatit mortgagee sha!1 nori(y mortgagor of a change in such i ou~t. Such sums shali be app!ied by mortgag•.e tov.ard the paymeni of reat prcperty taxes, insurance prem;ums, and morrgage g~aranty ' insurance rrnwmt. ' ~ IN WITiVESS ::'HEREOf. the said IAORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ F Signed, Sealed ivered in the presence of: fE / ~ (Seal) i . @55 E et Ur H ~~a~~ ~ udLU Qu • ~Seal) ~ ess Wanda C. D'.u ~~a~~ ~ ~ Si.:,7E OP fLORIDA ~ a ~ ~ ~JU!JTY OF ,.~U 1 ~ eefore me personally appeared EV@t@tt .J. Murphy and ~ ~~anda C . Mur hy ~ _ _ p his wife, to me well known and known to me to be ~ fhe individ~als described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes - therein expressed. And the said Wanda C. Murphv ~ r.:re of the said EV@Y@tt .J. Murphy upo~ a saparate and private .am;nat~on by me taken separate and apart irom her said husband, acknowledged to and before me that she executed said instrumeM freely and vol~o- ~ ra.~Iy and w~thout any compu~sion, constraint, apprehens"~oy~ w fear of w from her said husband. G71. ~ WITNESS my hand and official seaf this day of November _ A. t9 73 ~ ~ ~,unw~? . ~ i~~ Notary Public in and for th tate of Florida at Large My Comm~ssion eapires: ~ Ret~rn To: NOtaT}/ PUbli~~, S`• r`. FI:±r~ia af [args y.; ~ F~rst Federal Savings a Loan Assouat:on R"y Coror"'' ~ . .'~r~- 10. 1°75 . ~ Of Fo.t P,c,c~. U Bc:~~: C.i, C:i I,~. _,C: _'~J.rwntefs.l~. ~ Fort Picrte, Flcrida , ~ Fi~E~~ c~?~o-o ~ " . ST.LUC?= .~UNTY FU. _ • ~f. F~;: ~~e,S ~ ~~.;^••e- ~ This Instrument Prepared By Gary F. E11wo01cf~'• ~U~' COURT ti~ = ~ First Federal Savings 8 loan Association F• r•' ^ ~ of Fort Pierce ~ F1orida ~ ~ 1J ' • ' Noy ~ 4 04 PH 73 s~, ~ Checked By C F ~ ~ ~ (r'- , x ~ 80(N(~ -PIfGE~~~ ~ - ~ ~ ~ < : ~ ~ - . _ . .