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HomeMy WebLinkAbout0646 ~ t . 3. To p~aca and contfnuously keep on the bu~'d~r~gs ~ow w hereaiter ~ltuate on se~d Iand and on ali equip„ent ar.d persona~~y covered by this monq~ s9~, with ~It premiumf thatcon pa:d io full, f~re insurance in the ~wal stardard po~iq form, in a sum apptoved by thz MORiGAGEE, and w~nJsto~m tnsurance in ~he uswl s~anJard pol~cy Iwm, in ~ sum ~pproved by tM MORTGAGEE, in i~ch company w canE:an~es as ~he MORTGAGEE may dired; ~nd all fire and winds~orm insurance pol~cies on any of sa~d buitd~ngs, ~ny iroeresl therein or part Ihereof, in the aygrrga~e sum aioresa~d or in ~xceu therwf, shall contain ~he usval standa~d mortgaflee clauie w such o~her clauss as ths Mortgagee may requ~re, maling the Ioss under sa~d poli- des, each and every, payable ro said MORTGAGEE as ~ts io~e~est may appear, and each snd every iuch pot~cy s?wll be promV~iY ass gnrd and de~ivz~rd to any held by said MORTGAGEE as fur~her sewrny to said mor~gage deb1, and, not teu than ten (IU) days in advance of ihe exp~rat~on o1 each poGcy, to dr Gver to said MORTGAGEE a renewat thereof, togetF+er with a raceipt fa the p~emium of such renewal; and ~here shall kx no fire or windsro~m insvronce placed on any of wid buildings, any interest ihere~n ot part thereof, unleu in the form and with the loss payable as afcresaid; and i~ the event any sum of monsy betane~ payab~e under such policy or policies uid Ml7RTGAGEE sh~ll have the option to receive and apyly the same on accou~et of the i~dcbted neu secured Mreby w fo permit said MORTGAGORS lo reteive and us~ it or any part thereof for oiher p~~poses, .v~rhoot ~h,~~u; ~:s~~ing c~ ~~~~W~~- ~ng any equity, lien w r~ght under or by virtue of this mo:tgage; ~nd in the event sa~d MORTGAGORS shafl fa any ~eason iail to teep the sa~d p~emisrs so insured, or fsil to del~ver promptly any of sa~d pol~cies of insurance to sa~d MORTGAGEF, or fail promptly to pay fully any pre~ni.,m therefor o~ i~ a~y resped (ail fo pe+farty discharge, exetute, effect, tomplete, comply with ~nd ab+de by 1hi~ covenant, o~ sny pa~t hrrcof, said MORiGAGEE may place ar.0 pay for suth insurance ot any part thereof without waiving ot afietting any option, lien, equity, w tight under w by virtue of this Mortgage, and the full amount of each and every such payment shafl 6e immediately due ~od _paxab~n and shall bear i~terrst (rom tha date thereof ~ntil pa~d at the ~ate of nine per centum pe~ annum and to~e~her with such interest shall be secured by the tien of this mortgage. 1. To permif, mmmit ot sufie~ no waate, impairment or deteriwation of said p~operty a any part thereof. S. To pay all end singutar the costs, cha~ges and expenses, including a reaswwble attorney's fee and costs of abstrac~s of title, incurred or pa~d at any time by said MORTGAGfE, because w in the evem of the fai{ure on the part of the said MORTGAGOR to duly, pron,pily and fully porfwm, d~scharge, execute, eifec?, comptere, compiy wnh and ab:de by each and every the stipulenons, agreements, condi~ions, and cove~ants of iaid promissory note and ~hi~ mortgage any or e~the~, and said costs, charges and expenses, each and every, shall be immed~ately due and payabte; whe~he~ a not there be ~wtice da mand, attempl to collecf or suit pend~ng; and the full amount of each and every s~ch payment shalt bea~ interest ira-n the date thereol until paid at the raie oi nine pe~ centum per annurn; and all said costs. charges and expensea inturred or pa~d, together wi?h such interest, shall be sewred by the lien of this mortgage. 6. That (a) in the event of any~h~each of this tilatgage or default on the part of the MORTGnGOR, o~ (b) in the event any of sa:d svms of money herein ~eferred to be not promptty and fufly paid within thuty (30) days ne~t after the s~me severrlly become due and payable, without demand or notice, or in the event each and every the stipulations, agreements, conditions and covenan~s o( sa.d promiswry noee and th~s mortgage any o~ e~ther are not ~uly, prompNy a~d futly performed, d~uharged, eaecuted, effected, completed, compGed with and ah~ded by, then in e~ther or any such event the sa~d ag- gregate sum menYaned in said promiswry note then remaining unpaid, with inte~est accrued, and al~ moneys secured hereby, shafl become due and pay- ebte forthwith, w thereaher, at the oprion of sa[d MORTGAGEE, as fully and comp!e~ely as i( all of the said sums of money were ongln.lly s~~pulated ~ ro be pa~d on such day, anyth;ng in sa:d prom~ssory note w in this Mortgage to fhe convary notwithstandiixJ; and thereupon or thereafter at the op~~on of ~ said MORTGAGEE, without notice o~ demand, suit at law ot in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to its irtstitution. 7. That in the event that at the brginning of or at any time pendi~g any suit upon ihis Mortgage, w to fweclose it, o~ to refwm it, or to enforce payment of any clarms hereunder, aaid MORTGAGEE sha!1 apply to tF~e Court F~aving jurisd~uion thereof (w the appo~ntment of s Receiver, such Court shatl ferrhwith appo~M a receive? o~ said mortgaged property all and singvlar, includ~ng all and aingular the inco~r.e, protits, iuues and ~evenues irom whatever source derived, each and evary of wh:ch, it be~ng express:y understood, is hereby mortaaged as if specificalty set forth and described in tF~e granting and habendum cbuses hereof, ar.d such Receiver shalt have all the b~oad and effeuive ?uav~ons and powers in anywise emrusted by ~ Courl to a Receiver, and such sppointment shall be made by such Court as an admitted equity and a matter of absolu~e right to said MORTGAGEE, and wi~hout reterence to tbe adequacy o? inadequacy of the val:x of the property mortgaged or to the so~vency w insoiventy of sa~d MORiGAGOR or Ihe defendants, and that such renis, profin, income, iuues and reve~ues shall be applied by such Receiver accord+ng to the lien w eqvity of said MORTGAGEE and the p?actice of such Court. - 8. To duly, promptty and fully perform, discharge, exec~te, effect, complete, comp~y with and abide by each and every the st~puiations, agreements, conditiona and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person cther than the MORTGAGOR, the t1tORTGAGEE, its successors and assigns, may, without noTice to the MORTGAOR, deal w~th such successor w successor in interest with reference to th~s m,ortgage and she debt hereby secured in the same manner as with Mortgagw without in any way vitiating a d~schargirg the IAortgagors' tiability her~ un~tr or upon the debt hereby secured. No sate of the premises hereby morlgaged ar.d no (orbearance on the part oi the MORTGAGEE w its successors or assgns and no extens~on of ~he time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, shatl aperate to release, d~sc~arge, modify change or affect the original liabil~ty of tt~e MORiGAGOR herein, either in whole or in part_ _ 10. It is specifically agreed that time is of the essence of this coNract and Ihat no waiver of any obligation hereunder a of the obligatqn se- cured hereby shall at any time thereafter be held to be a waiver of the te~ms hereof or ot the instrument secured herby. 11. In addnion to the forego:rx~ month!y payments of princ pal and interesr requ~red by the promissory nore secured hereby, mortgagor covenanis ~ and agrees to pay to mo:tgagee v~~rh each monthfy pay~r.ent an add~rional sum est~mared by mo~tgagee to be equal to 1/12 of the annual cost of the follow- ~ ~ng: • ~j A-All real property taxes ievird or assessed agai•ist thc above dexribed real estate. , E B-Premiums on fire and w~ndsrorm ~nsurarce as hrre~n requ:red to be carried en the improveme~ts s~tuate on the above destribed premises. ~ ~ C-Pre~niums on such mortgage guaranty insurar~ce as mortgagee shall fram t:me to time deem fit to carry on the ban secured hereby. ~ Mortgagee sha~1 from t~me to ti:ne not~iy mortgagcr ~n wr~~~ng of the amount due and payab~e hereunder and such sum sha~l thereupon be d~e and a ~ Fayable on the due date of the next monthEy payment and each successive month !hereafter ur.tii mortgagee shall notify mortgagor of a change in such ; ~ a-~ount. Such sums sNail be appf+ed by mortgagee toward the pay~ne~t of real pro{,erty taxes, insurance p~em.ums, and mortgage guaranty insurance oremiums. 4 ¢ IN WITNE55 V,IHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year irst af resaid. ~ ~ !ed a ve 'n r nce of: ~ aQ tness ~ hn G tol Sr • s~ai~ ~ ~ ' (Seaq t~-itness 'Carol L. Bechtold_ r~aq SiATE OF FLORIDA _ ~ SS. COUNiY Of St~ 1_uC1P ' 8efwe me personally appeared ?A n G Bechtold .$r . and ~ Carol L. Bechtold ' _ his wife, to me well known and known to me to be rhe individvals desuibed in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes ~ Bechtold ~ therein expressed. Arx! the said Car01 L. ~ wife of the said John G• BE'CtltOlCj ~ SZ. upon a seperate and privats "E examination by me taken separate and apart from her sa~ us and, stknowledged to and befwe me that she ezecuted said instrumeM freeiy and voluo- ~ rarily and without eny compulsion, constraint, app i~lr a'r of or from her uid husband. ~ WITNESS my hand and offic;al seal thi day o e mb r A. D. 19~_ ~ ~ Notary Public in and for fhe State of Fbrida at large ~ My Cammission expires: Return To: r ; First federal Savings a loan Associatron NOIARY Pt16L1C, STC~TE of FLORIDA it LAgGE ti:; Of Fort P~e:ce. µ`;{~~'-•+'~~~~~f//, Y CGfdMlSSION EXPIRES 1aN. 7, ig]] ~ ry:~ Fort Pierce, Flcrida . r .1 ~ BY Arr,efit~n B271R2fS Intuf211q ~p , ;r ~ ~•~t ~ \ ~ • 7 i : ~y ; • ~i+ ~ . G) ~ i ~'t ~w • ~ ~ Z.~~~/ ' This Instrument Prepared By G~ry F. Ellw?ood _ ' ~a~. ~ : ~_i ILEfl ~MQ ~E~p~!p~ ~ ~T: IWC~E ~OUlfttf fLA. First Federal Savings 8~ Loan Association =~cn ROCER PplTRA~ ' of Fort Pierce Florida i'L381-~~: CLfRK CIRCUIi C41MT ~ ' = ~ ~ RECO~iC YEP!~tED.~...~.~~ ; ~ ~ ~ ~ Checked By O^' f'~~- y~ Sb ~ ~ DEC 1l 9 ~ !~'~3 ~i %r,,l~, , . . ~ s~~ ~~r L~ ' ~f 2`71329 ~ . ~ - . - - - - - _ c~, - c z $~wK ~ _ . F=. . ` ~ ~ " . 3~v'~` . ' ~A r:'~ ~ ~ : . ..r 'y-`' - ..e.'3~ . n . ~ , . : . _ . .