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HomeMy WebLinkAbout0602 ~ 3. To place and continvousty keep a+ ~he bui!d~ngs now o~ hercafter aituate on sa~d land and on alt equ~pment and personslly covercd by ~his matg- •ge, w~th all p~emiumi ~hereon pa~d in iull, lire insurence in ?he us~al standard poiicy iorm, in • sum approved by the MOR~GaGEE, a~:d windsto~m insuranc~ i~ fM viual standard pol~cy form, in a sum approved by the MORTGAGEE, in such company or compa~~es as the MORTGAGEE may direc?; and all iire and w~ndsto~m insurance policies on sny of sa~d buildmgs, any interest therein or parl thereof, in tF~e aggrega~e sum •foresaid w in excesf Ihereof, shall contain ~hs usual standard mongagae dause w such oeher clauss ai the Matgagee may requ~re, ma?in9 ~he loss undr~ ~.+~J pol~ cies, exh and every, payable to said MORTGAGEE at ib iNrrest may appea?, and each and every such poGcy ahall be prompNy ass.g~xd a~~d de~~vercd to any heW by said MORiGAGEE ss further security to said mor~gage debt. and, no~ leu than ten (10) dayi in adyance o~ ~he eap~~ation of each pot~cy, to da Ifver to taid MORTGAGEE s renewat thereof, ~oge~her with a rece~pt fw ~he prem~um oi such renewa~; and there shall be no f~re o~ w~~~ds~or~n insurance placed on ~ny of uid buildings, •ny intereit therein or part thereof, vnless in the form and with the loss payable as aio~esaid; and in the event any sum af mon~y becomes payable under wch polity w poGcias ssid MORIGAGEE ahall Mva the option to receive and apply the same on accounl of the ind.:bted- ness iecured hereby w to permil said MORTGAGORS to receive snd use it w any part thereof for o~ner pwf•oses, vr~hout in:-~cu; .v.:~~~,~3 e~ ~~~~G~~'• ing any equiry, lie~ or r~gh~ u~der w by virtue of this mo:sgage; ~nd in the event saEd MORTGAGORS shall (or any reason fai) to krep the sa~d p+ernises so inaured, o~ fail lo deliver pfamptly any of said polities of insurante to said MORTGAGEE, or fail promptiy to pay tully any prr~n~um therefw or in anY respec~ fail ro periwm, discharge, execute, sffect, complete, comply with and ab;de by thit covenanl, a a~y pe~~ hareof, sa~d MORiGAGEE may ptace a~~d pay fa such insurance or any parf thcreof without waiving or affecting any option, lien, equ~ty, or ~ight under w by virrue of this Matgage, and thc tull amount of each and every such payment ~hall be immediately due and payable and shall bear interes~ from ~he date thereof until paid at the rate o! nine per cenfum p~v annum and to~ether with such interest shall bo secured by the lien of thit mortgsge. 1. To permit, commif d sutfer no waste, impairment or deterioration of said property w any parl thereof. 5. To pay all and singular the costs, charges and expenus, including a reawnable attorney's fee and cos~s of abstracts of title, incurred or pa~d af any time by said MORTGAG:E, because oi in the event of Ihe failure on the part of the said MORTGAGOR to duly, promptly and futly perform, d~scharge, execute, etfect, comptete, comply w~th arid ab;de by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d promissory noie and th~s mortgage any or eitFxr, and xid cosn, charges and expenses, each and every, shall be immed~ately due and payable; wheiher w not there be notice de mand, attempf ~o co~lect or suit pend~ng; and the full amo~nt of each and every s~ch payment shall bear interest from the da+e thereof until pa~d af the rste of nine per centum per an~~u:n; and ait said costs, charges and ex~enses incurred w paid, toflether w~th such inte~est, shall be secured by the Gen of th~~ mwtgsgs. 6. Tha~ (a) in the event of any breach of this Mwtgage or defautt on the part of the MORTGAGOR, w(b) in the event sn~ of sa~d sums of money herein referred to be not promptly and tully paid within thirty (30) days next after Ihe sarne severatly becane due and payab!e, without demand or not~ce, or in the evenr each and evary the stipula~ions, agreements, conditiwu and covenants o1 sa~d promissory note and th~s mortgage eny w eithe? are not ~uly, promptly and tully perfwmed, dtscharged, executed, e~fected, compkted, compl~ed w~th and ab~ded by, then ~n e~ther or any such event the sa~d ag- g~egate wm mentaned in said promissory note then remaining unpaid, with interest accrued, end atl moneys secured hereby, shall become due and pay- aote (wthwith, or thereaiter, at the opt~on of said MORTGAGEE, es fully a~d completely as ii all of ~fie said sums of money were or~ginalty st~pu;ated ro be pa~d on such day, anything in sa.d prom~ssory note or in th~s Mortgage to the contrary norwiihsTand~ng; and thereupon w thereafter a~ ~he op~~on of faid MORiGAGEE, without norice or demand, suit at law or in equity, the~e(ore or thereaiter begu~, may be prosecuted as if all moneys secu~ed hereby had malured pnw 10 ~ts institution_ 7. Tha~ in the event that at the begi~ning of or at any time pend~ng any su~t upon this Mwtgage, or to faeclose it, w to refo.m it, o~ to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Co~rt having ~ur~sd~uion thereol 1w the appo~mment of a Recei:er, svch tcurt ahail forthwith appoint a receiver of said mortgaged property all and sing~lar, inctud.ng all and singular the income, proi~ts, issues and reven~es from whatever sou~ce derived, each end every oi which, it being expressly understood, i~ hereby mortgaged as if speuficalty xt farth a~d described in the g~anring and habendum clauses hereol, and suth Receiver shall have aIl the broad and effective funct~ons and powe~s in anyw~se.entrusted by a Court to e Receiver, ar.d such appointment shall be made by such Cou~t as an admitted equiy and a ma~ter of absolute r:ght to said MORTGAGEE, and w~thout reference to the adequacy or inadequaty of the value of the property mortgaged or to the sotvency or inso~vency o( said MORTGAGOR o~ the defendants, and that such renfs, proiits, incane, iuues and revenues shall be apptied by such Receive~ a<cording to the lien or equity of said MORiGAGEE ar.d the praclice of such Court. 8. To duly, promptly and (utly perform, discharge, execule, e((ect, comp:ete, comply wi~h and abide by each and every the stipulations, agree~nents, conditions and covenants ;n sa~d promissory note and this m~tgage :et iwth. 9. That in the event the ownership of the mortgaged premises, or any parl thereaf, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, ita successors a~d assigns, may, without ~otice to the MORTGAOR, deat with such successor or successor in interes~ witn reference to this mo~rgage and the debt hereby secured in the same manner as with 111ortgago~ without in any way vitiating or d~scharging the Mortgagori liabitity her~ ur,eer or upon the debt hereby secured_ No sale ol the pre.nises hereby mo~tgaged and no forbea.ance on the part of the N10RTGAGEE or its successors or assgns and no extension of the time fw the payment of the debt hereby secured g~ven by the MORTGAGEE or ita successors or ass~gns, aiia~l operate ro refeau, dacharge, modify change or atiect the original IiabiGty of the NORTGAGOQ herein, either in whole or in part. 10. It i~ specificalfy agreed that time is of the essence of this contract and that no waive~ of any obligat~on hereunder or of the ob:igation se- cured he~eby sha11 at any time thereafter be he:d to be a waiver of the terms he~eof or of the instrumenl secured herby. 11. In add~tio~ to the forego:ng month!y payments of princ"pal and interest requ~red by the prorri:ssory no!e secured hereby, mortgagor covenants , and agrees to pay to.mortgagee v~ith each monrhly pay~nent an add~~~onal wm est~mated by mortgagee to be eq~al to i; 12 ot the annual tost of the foliow- ,~9: A-AU real property taxrs lev~zd or assessed aga~~s~ thc above describcd reai estate. ~ B-Premiums on fire and windstorm insuracce az here~n requ;red to be carread en the improveme~ts situate on the above described premises. E C-Premiums on such morrgage guaranty insura.:ce as mortgagee shatl from rme to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha!I from tlme to time notHy mortgagcr in writing of the amc~ot due and payabte hereundrr and such sum sha!! thereupon be due and I : avable on the due date of the neat month:y payment and each successive month thereaffcr until mortgagee shall notify rr.ortgagor of a change in such ~ a~rount. Such sums sh.ail be apolied by mortgagze toward the payment of real p~operty taxes, insura:xe prem:ums, and mortgage guaranty insurance ~ o~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. ~ Signed, Seaied and delivered in the prexnte of: ~ ~ _ Sea4 ~ , ~ '2 E. C]Ce?wf d (5eaq ~ (SeaO ~ _ Estelle M. Crawf ~~a~~ ~ ~ STATE OF FLORIDA ' ST . UICIB # ~ ~ couNn oF ~ - . - _ ~ Befwe me penonally appeared Eazl fi. CrdMfOZd ~_.•~.+~!I~i._~~,~_ ~nd Bstelle M. CYawford hu w~ie, ro rrK we~~ ~k„Q~T~ a~~~~,c.;,Q i'dryn. io.be ~ the individvats described i~ and who execWed the fwegoi instrument, ared acknowledged be(ore me that tMey exlC~l~t~d~iame~fot~the~~yrrposes Estelle M. ~Grawford " = ~ ~ therein expressed. And the said ` ~ ~ " ^ ^ " . ` - . ~ N~fe of the said E8Z1 B. CraNford ~~%•u~on a sepacat •snd p~T~aYi~e ~ examination by me taken separete and apart from her said husband, ack~owledged to and before me thst she executad sa0c~•i~~j~tJrc+~ ~d ~~ui~ ra~~1y and without any compu~s;on, constraint, apprehension, or fear of or from her said husband. ~ WITNESS my hand and official seal this_ 7~r day of ~ Noveaber - ~ p`~ _ , _ . . •~r "'a Notary Pubfic in and iw the ate'of .f r' p! • ~ My Commisiror? expires: Retum To: NOTARY PUBUC, STATE Ot FLORIDA at 111RGE ~ first Federal Savings a loan Association 1iAY COMMISSION EXPIRES SEPT. 25, 1975 ~ Of Fort P~erce. BOIIdEd ~ ~~AICfiCall Biflktlf (IIiYf~11C~ ~0. Fort Pierce, Florida ~ ~ FN.EO AM9 Rf~RQEO ~ ~ ~ This Instrument Prepared By Robezt A. 9wishez~ Jz. iT.lUC1f COY ra~. ~ ROCEh PORRAE , ~ First Federaf Savings & loan Association ClERK C~~:GWT COU~7 ~''~l~ ~ of Fort Piercey Rlorida Rf.CO~~ YER~FtEO~.~.~.~. J Checked By ~ Mai 1~ 8 ~e ~'73 ~ OF E~,~2?~. F~,~ 6a2 zs91o~ ~ ~ ~ ~ ~w_ ~ . ~ ~ _ , . _ ~