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HomeMy WebLinkAbout0159 3. To pface and coroinuousiy keep on tne t,vi'~~~.~s now or he:eafter s:t~ate on sa~d ~and and on all eqvip~nenl a~xl penona~~y covered by this mo~ig- sg0, with All prem~um~ thereo~.j;a.d in {u11, I~re iniwa:~cc in Ihe ufual ata~~da~d poliCy lo~m, in e sum approard b/ the MVRiGAGEE, and w~nJ3lonn insurance in the us~el 3t,teiClard poLCy lo~m, in a sum approvrd Uy the MURTGAGEE, in such twnpany or tcmpan~es as the A1pRTGAGEE may d~r~c1; and all fire ar.d w:nJstorm ~nsurance pol~c~es on any of sa~d 'bui~a~~ys, any in~eres~ lhetr~n J! Nait ;h~:co!, ir: thx 3yy~:y='~ 3!e'~4~~d o+ in excess ~hereo(, shall :ontain the us~a~ s~.+~~J,~d mortgagee c~ause or such othar cla~se as the Mortgagee may reyu~re, mak~ng the loss u~xJ.rr ~.~~d pe~l- cies, each and e~ery, payable ~o sa~d M1tJRTGAGEE as i~s int.r..~st ~nay appear, a~~d each and every such policy ahall be pron,ptly ass gned a~~d det~~er.~d ~o eny held by said A10RIGAGEE as fu~thar s•_curity ~o said ~~:ortgage d~bt, a~~d, not less than ten (101 ~sys in ad+ance o( the eapiral~o~ of each pofity, to de- liver ~o sa~d MORTGAGEE a renewal thereof, toge~her with a rece~pt for the prrmium o( such ~enewaf; and ~hrre shall be no iue o~ wirdsto~~~ insvrance placed on any of said b~iidings, any interost therei~ a part ~herrof, un'eas in Ihe form and wuh ~he Iois payable as aforesaid; and in the eve~~ any sum of money becomes payab~e undrr such policy or poLcirs aaid MORiGAGEE shall ha+e rhe opt~on to receive and apNly the sanu on account of ~he indcbtrd- ness secured hereby or ro pern,it said MORTGAGORS ~o recrive and use it o~ uny ehr~eof tor o:~:er purF osrs, ..~~~o~e ih:~~ ui wa~.~ o~ ~^~r~~~- ~ng any equ~ty. I:en w r~yh~ under or by virrue of th~s moragage; and in the even~ sa;d MORTGAGORS shall for any reason fail io keep the sa7d p~e~ni~:s so ~nsured, or fail to de!ivt~ prwnplty any of said poGtics ol insurance to sa~d ARORTGAGEE, or faii promptly to pay futly any prcnuum thcrelo? or ~n a~~y • respect fail to perform, d~scharge, execute, e1Fed, canplete. co~nply with and abide by this covenent, w any pai~ hereof, sa~d M'vRTGAGEE mny p~ace a~~o pay ior such insurance or any part ~hereof wuhoul waiving w affecting any op~ion, lien, equity, o~ ngh~ under or by virwe of this Matga~e, and the full amo~nt of each and every suc~ payment shall 6e ~mmediately due and psyabte and shall bear inte~est from the date thercoi unril p~id a~ ~he rate ot ~ nine per centum per annum and tu~~•ih~~r with suth interest sh,~ii !x sacwed by 1Fx lien of thds mortgage. ~ 1. To permit, commit w suffer no wa~te, impairrnent w detrriotation of said pre~crty or any part thereof. 5. To pay all and singular the costs, chargea and expe~ses, includmg a reasonable attor~ey's fee and costs of abstracts of t~tle, incurred o~ pald at jny time by said MORTGAG:E, beca~se or in the eve~t of the fa~lvre on the pert of the said MORTGAGOR to d~ly, p~omptly and fully perfwm, d~scharge _~zcute, elfecl, compteie, comply w~th and ab.de by each antl every :ne s~~puiai~ons, agrenmemi, cw~u~I~w~s, e~~d i...n~~e..s; sa:~ Y:o-::;o: i^=•o =^a 'ti'~ a,orrgage any or either, and sa:d costs, charges and expenses, each and every, shall be immediatety due and payab!e; whether w not there be nohce da mand, attempt to toL'e~tt or suit pend~ng; and the futl artwuM of eath and every suth paymenl shalt bea~ intcres? from thc date thereof uroil paid at Ihe r.~e~- o~ nine per cenwm N~~r ann~:n; and a1i sa~d costs, charges and r.penses ~rx~rred a pa~d, toge~her w~th wch intetest, shall be secured by the I~en of th~s mortgage. 6. That (a) in the event of any breach of this Mor~gage or default o~ 1Fx part of the MORTGAGOR, or (b) in the event any of sa:d svms of money he~ein re(erred to be not pro~nptly and futly paid within th~rty ~30) days nex~ afn~. the same severatly beco~ie due and payabfe, wi~hout d:mand or notice. or (c) in the event each and every the st~pu~at~ons, agreements, cor.d~s~o»s and covenams of sa.d p~omissory note and th~s morfgage any or either are not iuly, promptly and f~lly performed, d,scharged, executed, effected, co~npteted, comp:~ed with and ab;ded by, then in e~the? w any such eve~1 the sa:d ag gregate sum mentioned in said pro~~issury'note then re~naini:~g unpa~d, with interrst accrued, and a~l moneys setured hereby, shatl become due and pay ao~e forthwith, or thereafrcr, at ehe opno~ of sa~d h10RiGAGEE, as futly and complerely as il all of tlle sa~d sums oi money were o~~ginally st~puiated to be pa:d on such day, anyth~ng in sa.d prom~ssory note or in this h5ortgage to the comrary notav~thstanding; and thereupon ar lhereaiter at ?he opf~on of sa;d MORTGAGEE, wiihout nonce or demand, suit at law w in eqvity, therefo~e or therealtrr beguo, may be prosecWed is if all money• set.ured hereby n.:d matured pnor to ~ts ~nstitut~en_ 7. TF~af in the event that at the beginn;rtg of or at any ti~-,e peRd~ng any su~t upon Ihis Mortgage, or to foreclose it, o~ to teform it, or to enforce payment of any claims he•eunder, said PAORTGAGEE sha!1 apply to the Coun having ~ur~sd~ction thereo4 for the appo~ntmem of a Rece+ver, such Court shail forihwi~h sppoiM a rece~ver of said mortgaged property all and singuiar, inctvd~ng aU and s~ng~lar the income, profits, issues and revenues from wheteve~ :ource derived, each and every of wh:ch, it be~ng eapress'y understood, is hereby mortgaged as if spec3ically set }o~~h and deuribed in Ihe g~anting and haoendum dauses hereof, and such Receiver sha~1 have all the broad and effective funct:ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s•_ch appointmeni shall be made by svch Co~rt as an admitted equ~ry and a maner of absolute ~~ght to said MORiGAGEE, and wirhout reference to the edequ~cy or i~adequacy of the value of the property mortgaged or to ~he eo:ve~ty or insolvency of said MORTGAGOR o~ the defenda~ts, a~d tF~at such re~~s, profits, incane, issues and revenues shall be appiied by such Recr~~er accordmg to the lien or equity of said MORTGAGEE and the prad~ce of such Court. B. To duly, prompt:y and fuily perfo~m, discharge, eaecutn, efiect, complete, comply with and sbide by each and every the stipulationa, agree~nents, cond~tions and cove~ams ~n sa~d promissory rwte and th~s mortgage set forrh. , - 9. That in the avent the ownershlp of the mortgaged p~emises, or a~~y part thereof, becomes vested in a perwn otner than the MORTGAGOR, the Y~RTGAGEE, ets wccessors and as5,gns, may, w~~houf ncrce to the ~tORTGA.OR, deal wiih s~ch successor or wccessor in imerest w~~h reference to this mo~tgage and the d_ot hereby secured m the same"manner as with 1Aortgagor wahovt in any way vir.ating d d~scharging the Mortgagors' liability her~ u~~der or upon she debt heceby secu.ed. No sa!a of rl:e Ffemises he.eby mortgaged and no iorbearance on the pa~t oi the IAORTGAGEE w its succe:sors or ass~gns and no extension of the time for the payment ot the debt hereby secured given by the ~hORTGAGEE or its successwa or ass:gns, sf~all operate ro re!ease, dacharge, mod~fy change or affect the or~g~nal tiabl7ay of the ALORTGlaGOR here~n, either in whole or in pa:t. _ 10. It is spec:f~calty agreed that t~me is of the essence of this cor~tract and that no waiver of any obligat~on hereunder or of the obSigation se- cvred hereby shall at any ti~,:e rhereaf~er be hcld to be a v~a~ver oF the terms hereof or of the inserumem secured herby. I1. In add.t~c~ to the foregc ~g month!y p3ymrn:s of p:ir.c pal and int•~rest req~i~ed by the prom:ssery no!e secured herebl, mortg~gor covenants ' e-.d agrecs to ~ar to n:o-tgagee v+,+th eacF. mcr.rh;y payr:ent an add~~~ona~ svm rst~n:ared by mortgagee to be equal to 1, 12 of the an~iuai cost of the follox- i n~: . i ~ A-All real ~:rope~ry taaes lev~ed or assesse;i ayai•,st nc~ ai~o~e d~sc*ib-:d real estate. i B- Pr.::.~u:~~s o~ i:rr and w~ndsro~~n ~nsurarce as nere~n req~~;red to be ca.rl~-d on the EmUrovements srtuate on the above d~scribed premises. ~ C-Prem~v~"s on wch mortg~gn guaranty ins~~rar.ce as mortaagee shall fro^~ t;me to time deem (it to carry on ~he loan secured hereby. ~ M~ortgagee s~~ l'.cm t~~ne to t;:ne ncnf~ mortyayor ~n ~nrr~ting of the a~:,ou~t d~e and payable hereunder and such wm sha!I thereupen be due and ! ;~yable on th~ d~e da`e L~ tnc ~~eat month'y payment and each suaess~+e rt~o^.th tnereafier uctii mcrtgagee shall nohfy mortgagor of a thange in such ount. $uch su:ns s~~a.~ '.~e ap~~:ieti by mortgay•_e sov.ard the payment of reaf property taxes, insura~ce prem:ums, a~id mortgage g~aranty insutance :;•emwm5. ~ IN \'~ITN[SS '1:HEREOF, rhe sa~d ?AORTGAGOR has hereunto set hrs ha~;d and seal the day and year first aforesaid. ~ Signed, Sealed and de~~vered in the presence of: ~ - < < ~~-~-~6ea~) fi 1 ~~.y_~ (Seal) ~ / ~ - - - ~s~an i e (Seal) ~ J STATE OF FLORIDA 1 ~ =~7UNTY Of ST . LUCI E ~ ~ R~ChB d EdKB d COffQ18ri and ~ Before me personnlly appeared - ~ Phebe Coffman a/K a Phoebe Coffman his wife, to me well known and kna.vn *o me to be ~ fne individvals described in and who ezecu~ed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~G , , x rhe.ein ezpressed. And the said- ~'1AbA ~'Qf F~ RlAtl~~~k~S Phoebe COf ~'QIAI'1 ~ ~ r:,re of the sa~d -____Ri ~hArc~ F.d~,9rd CefPmAn _„Po~,•s s~p',rile~nd'pr'aste e.am~nat~on by me taken separate and apart lrom her said huaband, atknowledged to and before me that she exetuted said ir~t~urtqni'~(rrdy~~ndy~o((q- ~ ranly and w~thoUt a~y compu!sion, constraint, apprehens:o~ fear of or from her said husband. _ ~6 3~ . WfTNESS my hand and offic~al seal th~s_ _ day of 1A.~-~ 1\ • ~ ~ Npfary Public in and Ior the State:ofi~~ fbr(CV e~ arp~? ; ~ My Cofnm~ssion expire~ ~ J ~ r: Ret~rn To: ~ lA•r+. 7/ 9 7 i. . ~ -i. J . ' > First Federai Savings 3 loan Asso:iation `~j/ s~,~~~~ n i ~j f.~. C Of icrt ? eree. ~~f~%~;IN~t1l~1~•'~`'' Fort Pierce. Flond~ ~ ~ l~. :~q + f1lED !~ECOROE~ ~3 This Mstrume~t Prepared By Riehard K. Kfl3198 sj ~~~E C~dutY FL First Federal Savings 8 Loan Association 80CE~ ~ u17RA5 l of Fort Pierce , Florida ~~ER~, C-;t~ ~It COURT RECt.h~ YEF 1. D Checked By u,~,, ~O 06 ~ ~~,3 ~ : fW~ ~..oC~c P,t~E 159 ~68~~~ _ ~ - ~ : - - - - - _ _ . .