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HomeMy WebLinkAbout0642 . • . ; . 3. To place and continuoualy keep o~ the bu~:d~ngs now w hereaftar situsle on sa~d ~and a~d on all equipment and {xrsonally covercd by this mortg- sgs, with •11 premiums thereon pa~d in full, fne inwrance m iM ~sual stmdard polity fo~m, in a sum .,pproved by the MOR~GAGEE, and w~nd~tonn ;niurance in the usual s~andard po!;cy form, in a sum •pprovcd by ~he AhORTGAGEE, in ~uch company or compan~es ss the M02TGAGEE msy direcr, ~nd all fire and w~nJi~orm inturonce po~ic~es o~ any o( said build~nys, any imerest therein or part tlwreof, in the aggrega~e ium aforesaid ur in eaceu thereof, shall contain the usual arandard mor~ga9ae clavse w such oiher dause ~t ths Mortgagee may requ~rs, mawing ~he tos~ ~nder sa~d poli- cle~, each and every, payabte ro said MORTGAGEE aa its iroeres? may apprar, and each a~d every s,xh pni~cy ~hall be promytly ass g~~ed and de~rvercd ~o any hald by said MORIGAGEE as fu~the~ security ro saiJ mo+tgage debt, and, not less ttw~ ten (10) days in advance of the exp~~ation of eath policy, la da {iver to said MORTGAGEE a renewal thercof, toge~her with a receipl (or Ihe p~anium of such renewal; and ~here shall be no flre or windstorm insurance pls~ed on ~ny of said buildings, any inlerest thcrein or part thereof, unless in the form and with the ioss payabte as afwesaid; and in the event any sum of money becornes payable undat such poli:y w poGcies said MORTGAGEE ahall have the optio~ to ~eceive and apply ~he same on accoun~ o( the indabied- ness saured hereby w lo permil uid MORTGAGORS to ~ateive and use it a any part tt~ereoi for o~hrr purposes, w~~ho~t ih_~cu~ wai~~ng or u+~pa~r- ~ng any equ~ty, lie~ o~ ~~gh~ under or by virtue of this mo::gage; and in the event sa~d MORTG~IGORS sha~l tor any reason tail to keep ~he sa~d prem~s:s w ~n~ured, w fail to det~ve~ promptly a~y of said policies of ir+surance to sa~d MORTGAGEE, or fai! p+omp~ly to pay fu~ly any p~e~nivm there{w a in any respect fail ro perfam, d~scharge, execute, effect, canplete, comply w+th and abide by thi~ covenant, or any part hereol, said MORTGAGEE may place ~na pay tw suth insurance or any part the~eof wi~hout waiving or affectirg any option. lien. equ~ty, or rigM under or by virtue of ~his Mortgage, and the full amounl of each and every such psyrtKnt shalt 5e immediately due and payable and shall bear interest from the date thereof until pa~d at the rafe of n:ne pe~ centvm per annum and to~ethar with tuch interesl shali be secured by the lien ol thia rtwrtgage• 1. To permit, commit w sufte~ no w~ste, impairment o~ deterioration of aaid property a any part-thereof. 5. To pay all and s~~gular the coats, charges and expensei, Irxtvding a rcason~ble at~orney i fee and costs of abstracts of title, incurred or pa~d at any time by said MORiGAG;E, because or in the event of tFx fa~iure on the paif of ~he said MORTGAGOR to du~y, p~omptly and fully perfam, d~uharge, zxec~~e, effect, comple~s, comply w~th and ab:de by each and every ~he s~ipular~ons, agreements, conditiont, and covenants of sa~d prom~ssory note and thii matgsge any w' e~~he~. and said costs, charges ~~d eapenses, exh and evcry, shall be immediately due and payable; whe~her w ~ot there be no~~ce de mand, attempt to cotlett a suit pend~n9; and the fvil amount of each and every such payment shall bear interes~ from the date thereof until paid +1 the .ate of nine per centum per anoum; anci all aaid costs, cnarpes and expenses intuned w paid, together wuh such interest, shall be secured by tFx tien of thii mortgage. - 6. That (a) in the event of any breach of ~his Alwtgage w default on the pa~t of the MORTGAGOR, or (b) in 1F~e eve~t any of sa7d su~*~s of money herein referred to be not promptty and }ully pa:d within thi~ty (30) days next after the same severally become due and payable, without demand or notice, or (c) in the event each and every the stiputations, agreements, conJ~tions a~d cove~ants of sa~d promissory note and th~s mortgage any w either a~e ~ot i~ly, promptly and fully perfwmed, d~scharged, execu~ed, effected, completed, compiied with and ab~ded ~iy, then in e~ther o? any auch event the sa~d ag gregate sum mentioned in said promissory note then remaining unpa;d, with interest accrued. and aIl moneys setured heteby, sha~f become due and pay- able {orthwith, or thereafter, at the option of wid MORTGAGEE, as futly and comptetely as if all of tt+e sa~d sums of money were wginatly st~puiated ro be pa~d on such day, anything in sa:d prom~ssory note or in this Mw~gage ~o the comrary notwithstandi~xJ; and ~hereupon or thereaf~er a~ the op~~on of se;d MORTGAGEE, without not~ce or demartd, suit at law w in equity, there(we or thereaiter bcyun, may be p?osecuted as if all moneys secured hereby nzd maturtd pnor ro its instiruhon. ~ 7. That in the eveRt fhat at the beginning of or at any time pcnding any su~t upon this Mortgage, o~ to foredose it, w to refam it, or to enforce ~ payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereot fo~ the appointment of a Receiver, such Cou~t shail fo{thwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, prof~ts, issues and revenues irom whatever ~ sou~ce derived, each and every of wh~ch, it be~ng expressly unders~ood, is hereby mortgaged as if spec~fically ut forth and described in the g~anting and i habendum clavses Mreof, and such Receiver shall have all the b~oad and effett~ve funct.ons a~d power~ in anywise entrusted by a Court to a Receiver, and s..ch appointment shall be mada by such Court as ar+ admitted equity a~x! a ma~~er of absotute right to said MORTGAGEE, snd without re~erence to the adequacy or inadequacy ol the val~e oi the property mwtgaged ar fo the soivency or insolvency of sa~d MORTGAGOR w the defendants, and that suth : en~s, profits, income, issues and reve~ues shall be applied by such Receiver accord~ng~ to tFx lien or equity o( said MORTGAGEE and the practice of such Court. 8. To duty, p~ompt~y and fufly perSorm, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreemenis, condiYro~s and coven~nts in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownenhip of the mortgaged premises, or any part thereof, becomrs vested in a person other than the MORTGAGOR, the M.CRTGAGEE, its sucteuors and auigns, may, withoul notice to the 14~ORTGAOR, deal with s~ch successa or successor in interest with reference to this rrortgage and the debt hereby secured in the same ma~ner as with Mortgagor wEthout i~ any way vitiating a diuharging the Mortgagors' liability here- under or upo~ the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /hORTGAGEE w its successors c. auigns and no ex~ension of the time for the paymxnt of the debt hereby secured yiven by the MORTGAGEE or ita succesaors or au~g~s, shall ope~ate io releau, d~scharge, modify change or affect the orig~nal lianility oi the MORiGAGOR here~n, either in whole or in part. 10. tt is specifically ag.eed tha? time is oF the essence of this conrraa and that no waiver of any obl~gation hereunder a of the obligation se- cured hereby shall at any time thereafter be he:d to be a waiver of the terms hereof a of the instrument secured he~by. l l. In add.tion to the ~wego n9 month!y payments of princ'pai and inserest required by the promissory nore secured hereb/, mortgagor covenants and agrees to pay to mo:tgagee with each monihly pay:nem an add~~ional sum est~~~a~ed by mortgagee to be equal to 1;`12 of the annual cost of the follow- '9 A-All real property taxes levied or assessed agai~~st the above described real estare_ i 4 i B-Prem~vms on fi?e and w~ndstorm insurance as herein req~~red to be tarned on the improvements situate on the above described premises. ! S C-Premiums on suth mwtgage guaranty ir.surance as mo~tgagee shali from time to time deem fit to carry o~ the loan secured hereby. ; i Morl9agee shatl from time ~o time notify mo~tgagor in writing of the amount dve and payable hereundrr and such sum shall thereupon be due and ~ ~ ;~rable on the dve date of the next mor.th!y payment and each successive monfh the•eaftcr urtil mortg~gee shall notify mortgagw of a change in such ; i ,•:aunL Such sums st~a:l be app~ied by morigagee toward the payme~t of real property taxes, insurance prem:ums, a,~d mortgage guaranty insurance i p•emiums. } ; ~N YJITNESS JYHEREOf, the said IUIORTGAGOR has hereunto set his hand and seal the day and year fint aforesaid. ~ ~ Signed. Sealed and delivered in the presence of: ; ~ Seal) ; ~ ~ , Martin i2i _~~,i~ € ~ ~ se+p ~ Jos phine M. Bc~izi r~,i~ ~ SiATE OF~ NCw~ J!Jlt~ ~ ~ 5$_ i COUNTY OF ~`~ou.[estClY 1 Befwe me perwnally appeared ~Y t lIl 1Z 1 ~ ~ Josephine M. EQ121 his wife, to me well known ~I~HbWlMtq~ to be ~ i ~ rhe irulividuals t3escribed in end who executed the fwegoi instrument, and acknowledged before me that they executed ~~ar~e~f*~t1ie._~tjrposes ~ u ~here~n expresxd. And the said Joseph ne M. ~1Z1 ~~j~ ~ ~ Martin BQIZ1 _ ,~:fe of the uid - a separate an~,(~~wSj ~ ~ exam~nation by me taken separa:e and apart from her said husband, ecknowledged to and before me that she executed je~ir~try~fg~~~e}1L a~~~^~ i ~ tari;y and w~thout any compulsion, constraint, apprehension, or fear of or from her ssid husband. - J~ ~ T d.~ ~ n WITNESS my hand snd official seal this--~j~,~-,.- day of Decembe ~ p; ;4~= ~ - . . ~~~1~(?~ ' c~ - • . ; Notary Public in and for the State ~ ,t Lir$g: My Commission expires: `'.~~~f~•• ~ ~ - Retum to: NOTARY PUBLIC OF NEW IERSE`/ ~ a First Federsl Saving• a Loan Associat:on ~yyM~jy~ / Of Fort P:erce. ~r ~ ~W~~ b~ ~91Z / ~V =r Fort Pierce, Florida ~ a~,r, .c.>y f C~COvG , ~ 2r; / ~ ; 0 AtID RfCOROfO dTQT~ ~ P/U/~'ii~(J ~'`'f ~Y~ This Instrument Prepared By J• H. Roberts ~ J l~~~~ C01lMTY fL< t~ ~ First Federal Savings 8 Loan Association ~~ER Qa'~~= of Fort Pierce, Florida REC~A~ YFA~ IEO~ ' ~ ~j 9 ~ ~ 2'713z'7 Checked By f'te~ ~ ~~3 ~ YW ~F ~ ~ ~ 222 6 N~, . 600it PA6E . ~ ~ 7 ~ : . . - . -1 - - - - - - - t ~~s - _ ` ~ ~.~`~.'~`i. ~`~-,~.-~.n..~, . ~ . . . ~ . . _ ~ .,E~'