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HomeMy WebLinkAbout0871 . ~ To plact and continuoutly keep a? the bu~~dirgs now a he~eaite~ ~ituste on ~aid land and on a!1 e~uipmant ~nd penonally covered by this mor~Q~ sg~, with ail premiumt ~hereon pa:d i~ fuil, lire insurertce in ~he usu~l tirandard po~ky form, in a ium arproved by tM MORiGAGEE, and windsrorm inwranc~ in the uswl sundard poGCy fam, in + sum +pp?ov~d by ~M MORTGAGEE, in iuch company a companies +s ~he MORTGAGEE may d~?K1J u+d all (ir~ and w~nds:orm insuranc~ policis~ on any oi uid build~np~, ~ny inttrtst therein or part tMreof. i~ Iht ayyrepate fum afwesa~d w in excess ihe~eof, shall conlain the ~su~l standard mat9a9N cl~uu or tuch othH cleut~ ~t ~M Morly+9ee r^+Y ~equir~, makinp Ih~ lou unde? sa~d polM cies, esch ~nd evay, payable ro ssid MORiGAGEE ~s ~ts ~mere~t may appear, and e+ch u~d ~very ~vch poticy ihatl be promptlY au.9ned and detiverrd ~o •ny heW by uid MORIGAGEE as furthe~ seturity to s+id mor~yage debt, and, not leu tM~ len (101 days in advance oF the expiratan of each policy, 1o da . I~vw to said MORTGAGEE a renewal thereof, ~oge~her with a raceipl fw the premium oi such renewal; and there sha!I bs no f~rs a w~ndstam insur~ncs ~ placed on any ot said buitdingi, ~ny in~erest thcrein w pa~t lhereol. unleu i~ ~Fw form and wi~h the loss psyable as •foreu~dj u~d in ~he avent •ny sum of monay becoma~ p+yable u~ •uch policy w po~iuss uid MORTGAGEE shall Mva ~M optioe~ ~o receive and app~y ths same on eccount of the indeb~ed neu secured he~eby w ro permit said MORTGAGORS to receive and use it or any pa~t the~eof for other purE,osrs, without thereo/ wai~~ng or ~mpair- ing any equity, lien ~x right unde~ or by virtw of this mo:sgag~; and in the event ta~d MORTGAGORS shall ia any re3son fail to kecp 1h~ s~id premisrs w insured, w fail fo deliver promptly arty of seid policies o~ inivrence to ss~d MORTGAGEE, or fail p~omptly to pay fully any prem~um the~elw w in anY respecf fail to perfpm, discharge, execute, e(fect, compiele, comply wi~h ~nd abide by this cove~ant, a ~~y part hereoi, said MORTGAGEE may pl~ce and pay fd such insu~ante or any psrt thereof without waiving a sffetting any option, lien. equity, w r+ght unde~ w by virtue of ~his Matgage, and tht full amovnt of each and every such payment shall bo immcdiately due and parabls and shall be+r interest trom the date thereoi u~til pa~d at the rate ol nine per ceMum per annum and to~ether with such interest shall be secured by the liao of this matgsge. 1. To permit, tommit a sutfer no waste, impairment w deterior~tion of said property w any part thereof. 5. To pay •II a~d sinyular the costs, charge~ and expenus, including a~e~sonable attwney's fee and costs of abstrads of title, incurred a paid at any time by said MORiGAG:E, because ot in the evtnt of the faiiure w+ the pan of the said MORTGAGOR to dvly, p~omptly and ful~y perfo~m, d~xhar9~ execute, eilecl, complete, comply with and abide by each and every the stipvlalwns, agreements, conditions, and covenann of said promiswry note and this moregage any or ei~her, arxl said costs, charges and expenses, cach and every, sAall be immediately due and payable; whether w not the~e be rrot~ce d~ mand, attempt fo colled or suit pending; a~d the full amount of each and every such payment shall bea. interes~ from Ihe date thereof until p~id at the ra~e oi nine pe~ centum per annum; and all said costs, charges end expenses incur?ed or paid, together w~th such interest, ahall be secured by Ihe lien of thii ~ mortgage. b. That (s) in the event of any breach of th7a Mortgsge or default on the part of the MORTGAGOR, or (b) in the eve~+t any of sa?d sums of mo~ey _ herein referred to be not promptly and fully paid within ihirty (30) days next after the same severatly brcome due and payable, without demand w notice, or (c) in the evem each and every fhe stiputarions, agreements, cond~tions and covenan~s of u~d p+an7ssory note and th;s mortgage any or either are nol iuly, promptly and fvlly performed, dixha~ged, executed, eftecled, con+pleted, complied with and abided Sy, ther? in e~tFxr w any such event the said ag gregate sum mentaned in said promiuoty note then remaining unpaid, with interest accrutd, and all moneys ucured hereby, ~hall betome due and pay- ab~e fathwith, or therea4ter, at the optio~ of sa~d MORTGAGEE, as fulty and comple~ety as if all of the sa~d sums of money were a~ginslly tt~pulated ro be paid on such day, anything in said prom~ssory note or in this Mortgage to the contrary notwi~hstanding; and thereupon or thereafte~ st the option o( ~ said MORTGAGEE, without not~ce a demand, suit at law a in equ~ty, therefore w thereafte? begun, may be prosecuted ss if all moneys secured hereby had maWred puw to itf ins~itutia~. 7. That in the eve~t Ihat at the Neg~nning of or at any tin,~ pending any su~t upon this Ma~tgage, or to fweclose it, or to reform it, or to enfores paymenf of any claims hereunde?, said MORTGAGEE shafl apply fo the ~ourt having jurisd~ction thereof for the appointment of a Receiver, such Court shail fcrthwith appoint a receiver of said mortgaged property ali and singutar, inclvd~ng all and singv~ar fhe income, p+ofits, issues and ~evenues from whate~er source derived, each and eve?y of 'which, ~t be~ng expressly understood, is hereby morrgaged as if speciiically set fwth ~nd dexribed in the granting a~d habendum clauses hereof, and such Rece~ver shall have atl +he broad and effective funct~ons and powers in anyw~se entr~sted by e Cour~ to a Receiver, and such appointment ahall be made by auch Court as an ad~niited equity and a matter cf absolute right io ssid MORTGAGEE, and without referenta to the edequaty or inadequacy of the vafue of the property mortgaged or to the so+ve~y or insoivency of said MORTGAGOR w the defendants, and thaf such ; ren~s, profits, income, issues and revenues shalt be applied Dy such Receiver accwd.ng to the t~en or eqvity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, promptly and iully perform, d~scharge, execute, effed, complete, comply w~th and abide by each and every the stipulations, agreemenls, conditions and covenants in sa~d promisswy note and Ihis mortgage set forth. ' F 9. 7hat in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the 1 M.ORTGAGEE, its successors and auigns, may, w;ihout notice to ~he MORTGAOR, deat w~th such succeuw w successa in interest with reference to this ~ mo~tgage and the debt hereby secured in tl~e same manner rs with Mortga9w without in any way vitiating w distharging the f~tortgagors' ~iability here- under u upon the debt hereby sec~red_ No sale of the premises hereby mwtgaged and no fwbearance on the part of tF~e MOR7GAGEE or its successors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its sutcessors o? auigns, ahall operate ro release, d~schdrge, modify change or affect the origina! liabil~ty of the MORTGAGOR herein, either in whole or in part. l0. lt is spec~f7cally agreed that time is of the essrnce of this contract and that no waiver of any obl~9ation hereunder w of the obligaYan sr cvred hereby shali at any :ime tF~ereafter be he:d to be a waiver of the terms he?eof w of the inst~umem setured herby. I1. In add:tion to the fo+ego:ng monthly payments of p:inc'pal and intrrest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monfhly pa~rr.ent an add~nanal sum estima?ed by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: A-All real property ta:ei lev~e.~. w assessed a9ai•~st thc above dexri~ed real eatate. B-Premiums on fire and windstorrn ~nsu~a~.ce as here~n requ:red to be carried on the ~mprovements s~tuate o~ the above described premises. S C-Pre~niums on such mortg~ge guaranty insurar,ce as mor~gagee shall fro~n t+me to time deem fit to carry on the loan secured hereby. ? ! Mortgagee shait from time to t~me notify mortgago~ in writirtg of the amoYnt d~e and payable hereunder and such sum shall thereupon be due and ? ; ayabie on the due date of the next monthly payment and each successive monrh thereafter ur.~il rtwrt agee shal) not~fy mortgagor of a change in such ' amount. Such sums sF.ail be a lied b mort a ee toward the a ment of real ro ~r taxes, insur ~ em:ums, aix! mort a e uarant insurance ~ PP Y 9 9 P Y P Pe Y P~ 9 9 3 Y premiums- I IN WIiNE55 WHERfO th aid MORTGAGOR has hereunto set his hand and seal the day a y ar`irst wesa . ~ ~ a de ered the p~esence of: s~an ~ David B. ass ~~a~ ~ ~ ~ y e . uglas {~a~ ~ - SiATE OF FLORIDA t couNrY oF St . Luc i e ~ u' Before me perwnally appeared ~•3V1~ B. Douglass a~ .~Oj/Ce Douglass his wife, to me well known and known to me to be ~ the individvals dexribed in and wla executed the foregoing instrumeM, and scknowl~dged before me that they exec~ted the same for the purposes theiein expressed. And t}?e said Joyce Douglass ~ David B. DOi1qZaSS ~ a .ate and ~vste ~ wife of tF~e aaid Po^ xPa P? ~ examination by me taken separate and apart from her said husband, adcnowledged ro and before me that she executed said instrumeM freely and volurr rari{y and w~thout any compulsion, constraint, apprehension, oc fear of or from her said husbsnd. ~ WITNESS my hand and official seal this day of Febr uar ~ p ~q 74 fILED Ah^ a~CORDEO ~ - S7.lUC~E ~:OUNtY fLA. t" =~IT~AS ` Natary Public in and (or the State Fbrida at large ~ > R~~~_ ; T~ My Commissan expires: ' ~ Retwn To: C~GPR. L vi:~T COUR ~ First Federal Savings b Loan Association F f f'' F~ ' k~~- Nw~ry rub6c, S?aN ~f F1~r,1~ ~ yrr ~ Oi Fort P:e:ce. ~ AU Mr Co~aras:.s Espir~s pq, ~0, 1f7~ ' ~ Forr P~erce, Florida FEg Z~i n eOn~d by ti.~erkao a eas~wlh 4 ~ 2'7549'7 : ~ = - ~ This Instrument Prepared By J. !i. RobeYts, Jr. ; ~ First Federal Savings 8 Loan Association ; ~ : ' • ' ~ ~ of Fort Pierce , Flor i da ; ' ' . ~''4 v s;;. ~ ~ ~ ~ ~ ~ = ~ `p ~ } : ~ ~ 9L----_ F { i PACE 's U : ~ Y ~ : C i 3 ~ Checked By ^ ; = O ~ ~ : ~ 'L Q : ~ ~ J .••'L • : . . j 1~~~~1~~ ` } 5 ~ . ~ ~ ` ~ - C: ~ ^ rta - . . . . ~ ~ 5- i ~ .f , .