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HomeMy WebLinkAbout1530 . . . : 3. To place and continuously keep on ~he buildings now or FureaftN ~ituate on said land and on ali equfpment and personally covered by thit mortg- sgs, with all premiumi ~hereon pa~d in full, f~re ins~rance in ~he ~sual s~a~dard potity fo~m, in a tum approved bv MORiGAGEE, ar~d windsto.m fnwrenc~ in tM usval tTandard pot~cy fwm, in a ium approved by tfw MORIGAGEE, in futh company o? companies ss the MORTGAGEE may diredj a~+d all fir~ and windstorm insurance policiei o~ ~ny of said build~nqs. ~ny inlerest therQin w part thereof, in fhe aQgreya~e sum ~fwe~aid w in ~xteu thereof, ihaU comain ths usual ~~andard mortgagee clauae or such o~her cfause as the Matyages may requue, maMirg the ?ois u~der ~a~d po~i- cies, exh and ev~ry, payabl~ ~o said MORTGAGEE ai ~ts interest may appear, and each and eve~y wch policy ~hall be promp~ly us.gned sr.d de~~vered to ~ any hetd by sa~d MORfGAGEE ss fur~her security to taid mortga9e debt, and, not leu than ten (10) dsys in advance o( the expiration of ea<h policy, eo da- f(ve? to ~sid MORiGAGEE a renewal thercof, together with a receipt fw the prsmi~m of such renewal; and ~here shall be no i~re or wi~dsto~m insursnce plued on ~ey of said buildings, any ioterest the~ein w parl therrof, unless in the form and with th~ lou payable ai a(aesaid; and io the event any sum ' of money becpmes payable under such polity w politiss taid MORiGAGEE ahaU haw the opt~on to receive artd apply the same on accoum o1 Ihe i~bt~d- ; ness ucured F~~eby or to permit ~aid ~ORTGAGORS to receive and us~ it p any parl the~eo( for othcr puruoses, w~~ho~t Ih_~~bi wai•.in~ cr ~mpair- ' ~~y sny equity, lien a right under or by vir~ue of this mo:egsge; •~d i~ tha avent a~d MORTGAGORS shall for any reason iait to keep the sa~d premises so ; insured, d fait to detiver promptfy any o! said pol;cies of insu~ancs to said MORTGAGEE, w fail promptly to pay tully any pre~ni„m there{W w in a~y ~ respect fait to perFwm, dixharge, execute, etfect, complete, cornply with and ab~ds by this covenant, or any parl hereof, said MORTGAGEE may place a~d E pay fw such insurance or ~ny part fhereof without waiving d affecting any option, lien, equ;ty, d?ighf undr~ w by virtue o1 this Mw~gage, and Ihe ~ full amount of each and every svch paymem shall be immediately dw and payable and shall bear interesi from the dats thereof until paid at the ~ate ol ~ n:ne pe~ cenrum per annum a~d togethe: with auch in?e~e~t shatt be secured by the lien of this mwtgsge. ~ 1. To pe~mit, commit or su(fer no wasle, impairment w dete+ioration ot said property or eny pa?t the~eof. 5. To pay all a~d singvlar 1he costs, ctwrgea and expenses, irxluding a reasonabk attwney i fee and costs of abstract: of title, incurred w paid at eny time by sa~d MORIGAGfE, because a in the event of the failu~e on the part of the said MORTGAGOR to duly, promptty and fully parform, d~scharge. exrcute, effed, complNe, comply w~th and ab:de by each a~d every the stipufat~ons, agreer»ents, cond~tions, and covenants of said promiswry note ano ihis m~rtgage any or e+thM, ar+d sa;d coats, charges and expenses, each and every, ihal) be immediately dve and payabie; whether w not there be nor;ce de mand, atrcmpt to co~IM w suit pend~ng; and the tull amount of each and every such payment shall bea~ interes~ irom the date thercof until paid at the ~a~e of nirce per centum per am~urn; and aIl said cosrs, chargcs and expenses incwred or paid, logether w~th such intuest, ahall be secu~ed by the lien of Ihis mortgaga 6. That (a) in the ev~nt of any breach of this Mortgage w default on the part of the MORTGAGOR, a tb) in the eve~f any of asid sums of money F.erein referr~d to l» not prornpNy and tuily paid within ~hirfy (30) days next a?~ei Ihe aame severally become due and {»yable, withou~ demsnd or ootice, er in the event each and ev6ry the stipulations, agreemeros, conditions and covenants ol sa~d promissory nofe and th~s mortgage any or ei~her are not iuly, promptly and fully perfonned, d~xharged, exauted, eifeued, compfeted, complied with and abided Sy, then in e~ther er any such evenl tht said ag gregate sum menrioned in said promissory note then remaining unpaid, with interest accrued, and all mo~eya secured hereby, shall become due and pay- abie forthwith, w thereafter, at the option oi said MORTGAGEE, as fuliy and completety as if all of the said sums of mo~ey were or;ginatty sripuiated to be pa~d oo suth day, anything in sa~d promissory oote or in rh7e Nlongage to the convary notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore o? thereaiter begun, may be prosecuted as if all mortey tecured hereby h;d maturcd pnw to ~n institution. ~ " y. That in the event that at the beginn~ng ot or at any time pe~d~rg any suit upon this Mo~~gage, or to foreclose it, o~ to reform it, or to enforce payment of any claims he~eunder, said MORIGAGEE shall apply to the Cou~t havin9 jurisdiction thereoi fa the appointment of a Reteiver, such Court shail forthwith appoinl a receiver of said mwtgaged property a11 and singular, irxludmg atl and singviar the inceme, prof~ts, issues ar<d ?evenues fiom whateve? source derived, each and every of wh;ch, it being expressfy understood, is hereby morrgaged as if specifically u? forth and described in fhe granting and habendum clavses hereof, and such Receiver shatl have all the ixoad and eifective funct~ons and powers in anyw~se emrusted by a Court to a ReceiYer, and such appointrnent ahatt be made by such Court as en admitted equity and a matter o! absolute right to said MORiGAGEE, a~d w+t?wwt ?eference fo the edequacy or inadeavacy of the vatue of the property rtwrtgsged o~ to the w~ve~xy w insotvency of sa~d MORiGAGOR w the defendants, and that such ~K renrs, rofits, intorne, issues end revertues sFwil be a lied b such Receiver eccord~n to the lie~ or ! P pP y g equ~ry of said MORIGAGEE and the paactice of such Court. 8. To duty, promptly and fully pe.form, discharge, execute, effect, complete, comply with and abide by each and every the stipuiations, agrcements, ? conditeoos and covenams in sa~d promissWy note and this mortgage set forth. 9. That in the event the ownership of the mo~tgaged premises, or any part fhereoi, becomes vested in a person other than the MORTGAGOR, the 1 N.ORTGAGfE, its successors and ass+gns, may, withou~ notice to ?he MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as wifh Mortgagor without in any way vitiating w diuharging the Nbrtgagors' liabitity herr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no iorbearance on the pan of the IJIORTGAGEE w its successors or assigns and no extension of tiie fime for the payment of the debr hereby secured given by the MORTGAGEE or its succeasws or assigns, shali operate ro re!ease, d~xharge, modify change or affect the orig~nal I~abil~~y of the N+ORTGAGOR herein, either irt whole or in pan. 10. h is spec~ficalfy agreed that t~me is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation se- cured hereby sha11 at any time thereaher be heSd to be a waiver of the terms hereof oa of Ihe instr.:rnent secured herby. I 11. In add~rion to the forego'ng monthly paymems of princ'pal and inrerest ?equired by the promissory note secured hereby, mortgagar covenants ; a~d agrees to pay to mortgagee w~th each monrh(y payrnent an add~~ionaf sum est~mated by mo:tqagee to be equa! to 1 j 12 of the annual cost of the follow- ` ' ~ns: A-All reat property taxes levird o. assessed agai~st thc above deuribed real estate_ B-Pren,iums on fire and v~indsrorm ~nsurarce as here~n requ:~ed to be carried on the improveme~ts sitvate on the above described premises. C-Premiums en such mortgage guaranty inwror.ce as mortgagee shait from t~me to time deem fif to car~y on the loan secured hereby. ' Mortgagee shai! from tfine to t~me not;fy mortgagor ~n writ;ng of the amoum due and payable hereunder and such sum shall thereupon be due ar,d c ayable on the due date of the next monthty payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a cha~ge in such 'i ~~novnt. Such sums shali applird by ma•gagee toward the payment of real property, taxes, insurance prem:ums, and mwtgage guaranty insurance p~emi IN fiNE55 HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid ~ Sig , Sealed nd ed tfu presence of: ~ ~ _ i ' aI) ~ e Jim rod, a single adul~~~~ `r ~Seaq j LAe S ts~+~ E STATE Of Missouri ~ COUNTY OF St. LOt125 ~ ~ Befo~e me .~n a Jim Nerod, a single adult . - . ' P~ Y PP~ared ~ - LSiillf:l~ E. ~ _-._-~~iswifr,~o me well known and. ~i1~~.: = rhe individuaf~f describei! in and who executed the foregoing instrument, end atknowtedged before me that jhei executed 1F~a.ssitip+~~~~ - = therein expressed. And-ti+raaid---------------------- -~~-~~+~~~~a~t+' f~y4''' ` F wi(~e(-ff~e-seid~___~___-_~~-~_____~-__~_~- _ ' ~-~'~~'~E ~ g ~~n~wst»i? itir w~~. ~sGew sef»rrte ~nd-aperl-f~a~r ber iaid-Fnnbend- scknow ed-eo~t+d~ blfo~rr~m~rhar ~he ~t~oted s7Rl? ' 8~~~ ~dM " r~• ~'~9 : . ; ; ia~ily~ad.w+Wwrt.awp.~ow~ruis'+~w,~~nst?ain?,~epp.e#~ens~ ,~fe -ofor-frarrherssidt~osband- : ~.~.;~~7~ ~ ~ • i WITNESS my hand and official seal this ~ ~ day f b p~ ~q~i~~'"~- ` . ~ ~ „ti • : 5 . . :1: .~.•ft ~-c' . ~ - _.s •.~i-i•. • 4-' Notary Public in a fw the State of ~"ys~~~ Re?um To: My Commasion expires: •r~ A+ / Tl1 5--~ V l.t~' +r--== 'r=-=~.-~ First Federal Savings b loan Association Of fort P~erce. ~ ~ ~ ~ I ~ 7/ ~ Fort Pferce, Florida ~ ~ / ~Q ; S,.r.I / r ; This I~strument Prepared By y LEO ~MO AECpRpE~Q Gar F. Ellwood `~p1~ COUNTY Fu?• E First Federa! Savings 8 Loan Association tiOGER P01TRA5 [ of Fort Pierce , Florida CIERK C~RCU~T COURT ~ RECOFD VEK~ftED ! Checked By ~ ~ L 2Z ~ ~=3 t ~ i~ ~ e~o~ PAC~ ~.53Q , sb ; z6s8o4 - i ! . , .