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HomeMy WebLinkAbout2696 3. io place and tontinuously keep on the bui'd~r.gs nuw or herraf~er ~rt~ate on said ~and and on alf equipr~~rnt ar.d prnonatty tovrrcd by this mo~tg- ~ge, whh aN premiums thereon prd in f~ll, f,re inswa^<c m ~he usuai sta~~dard po~~cy torm, in a sum aFp~o~ed by the MuRiG:.GEE, and winds~o~m insuran~e in the usual ~tanda~d pol:cy form, in a wm apE~ro.rd by ~he MORTGAGEE, in such wmpany or co~npanies as tha IAORIGACEE may d~~rc~; and all fire and w+ndsrorm insu~an~e pot~c:rs on any of aa~d ba,dd~ngs, any ime~e~~ therein o~ pa~t thrieof, in ~Fx aggrrga~e w~n aloresald w in excess ~hereof, shall :on!ain ~he usual s~andard mortgagae ciause a such other ci~use as the Mo~~gayee may rey~.rz, n:a?~n9 Iha ioss ~~~drr sa~d poii- cief, each and every, pa~a6~e to sa~d h~ORiGAGfE as ns in~c~es~ may appear, and each and e~ery such p~hcr :hall be prurrptly ass gned a~~d de~iver~d ~o any held by ~a]d MOR(vAGEE as furiher sewrlty ~o sa~d nwr~~age dabt, and, not less than ttn (10) days in ad:ance o( the expirat~on of eech pol~ty, to de- livrr to sa~d MORTGAGEE a ren~wal therrof, toge+her with a rece~pt for ~he p~~~n~um o( such renrwal; and ~hrre shait be no f~re or w~~~dsro~m ins~rance p~aced on any of said bui!d~nc~s, any inrerest there+n a part thereof, unleas in ~he fo~m and wifh the ~oss payabte as a(oreaaid; and in the event any sum' of money becornes payable undrr s~ch policy w poLcies sa~d MORiGAGEE shall have ~F.e op~.on to rece~ve and apply tAe same on accoum o( the indci:ted- nesi secured hereby w to perme aa~d MORTGAGORS to rece~ve and use it or any parr ther~a} tor ori~c•r pWF~U)r5, v.~~ho~t :h,•~ u~ wa~.~~~~ ur r~~~~u- ing any equ~ty, lien or right under w by virtue o~ th~s mo:~gage; and in tha tvero sa~d MORTGAGORS shall fw any reason lail to keep the sa~d p~em~s~~s so insured, or fail to de~~ver p.omµtly any of said pol~cirs ol insurance to sa~d MORTGAGEE, or fa~! promptly ro pay lu~ty any pre~murn the~etor o~ in a~y resped fail ~o perform, d~s:harge, execure, effect, tomplete, tomply with and abide by this cove~ant, or any pa~t hcreol, sald MQRTGAGEE niay place a~~d pay fw such irts~~once or any part thereof without waiving w affecting any option, iien, equ~ty, or ~igh~ under or by v~rtue of ~his Ma~gage, ar.d ~he full amo~nl of eath and every such payment sAall tNe immediately d~e and payable and shal! bra~ interes) lrom the date thtreol uniii p~~d at the ra~e of n;ne per cenrum per annum and to~r~h_r w~rh wch i,veresr shati be sewred by the Gen of this matgagr. ' - 4. To permit, commi~ or sutfer no waste, impairment or deteric~ation of sa~d property or any pa~t the~eof, 5. To pay all and singular the costs, charges and ezpe~ses, including a reasonable attornay's fee and costs of abst~acts of titte, intu~red or pa~d at any ti~~:e by said A10RiGAG'_E, because w in the event of the ia~iure on the pan of the said MORiGAGOR ta du1y, pro~~~pdy and fully perfor~n, d~scharge, execute, effect, canp;ete, comNly w~th and ab:de by each and rvery the s~~pulauons, agreements, conditions, and covenan~s oi said p~omissory note a~~d thi~ margage any or ehher, and sa.d costs, charges and expenses, each and every, shaU be immed~arely dur and payable; whr~her a not thrre be nonce ds mand, atte~npt to coYect o~ su;t pend~ng; and ihe full amount of each and every s~ch payment shall bear ~nterest from the dat~ thereof until paid a~ the rare of n~ne per cantum per en~~u:n; and ail said cos~s, cha~ges and expen:es incurred o~ pa~d, Iogetl~er w~th such inter~st, shall be secured by the I~en of thi~ mortga~e. 6. 7hat (a)~in the erenf of any breach of this Mo~tgage or defau;t on the part of the MOR7GAGOR, or (6) in the event any of sa~d sums of money herein referred to be not promptly and fulty paid w~~hin th,rty (301 days ne,et after the same severa~Iy 6ecoa~? ~+ue and payable, without demand or norice, or (c) in the event each and eve.y the stiputations, agreemerus, condirions a~d covenanfs of sa:d promissory note and th+s mortgage aoy or either are not ~uly, promptly and i~liy performed, d:scharged, executed, effectrd, completed, compiied with and a5~ded ~Sy, ~hen in either or any auth event Ihe said ag gregate sum menrioned in sa~d promissory note thzn remalning unpa~d, wnh intere;t accrved, end all moneys sewred he~eby, sAall become due and pay- ab:e forthweth, or the~ea(ter, at the opnon oi sa~d MORTGAGEE, a~ tully and compte~cly as ii all of ~he said sums of money were onginaNy sriputated to be pa.d on suth day, anything in sa d prom~ssory ~ote or in this Mortgag2 to the con!rary not.vithstanding; and there~,pon or thcreafter at the opn~ of said MORTGAGEE, without not~~e or demand, suif at law or in equ~ty, therefore or the~eafter begun, may be prosecuted as if all moneys secured hereby had mat~red pr~or t0 ~ts inst~t~non. 7. That in the event that at the beginning of or at any tin,e pendirg any su~t upon this Mortgage, w to foreclose it, or to reform i1, or fo enforce payment of any ciaims hereunder, said MORTGAGEf sha:i apply fo the Courf hav;~~g ~w~sdittion thereol for the appo:nlmeM of ~ Receiver, suth Court shall forthwith appof~t a receiver of sa~d mor?gagrd property all and singular, inuvd.ng aIl and singular ~he income, proi~ts, issues and revenues from whatever source derived, each and every of wh~ch, ~i be~ng express~y ~ndersu>od, is ~ereby mortgaged as if spec~fically set foreh and desu;bed in the ~.annng and habendum clavses he~eof, and such Rece~ver shal~ have all the broad and eff~rive funct.ons and powers in anyw+se emrusted ~y a Cou~t to a Recriver, and s~ch appointment sha11 6e made by such Court as an admined eq~ity and a matter of absavte nght to said MURTGAGEE, and wiThout reierence to the adeq~acy o~ inadeq~acy of thr vatue o~ rhe properry mong;ged or to the sv,vency or ,nso~vency o} sa:d MORiGAGOR o~ the defe~,dants,y~nd that wch rents, proiits, income, issues and reven~es shail be app~~ed by such Rece~ver ac.ord~ng te the ~ien or equity of sa~d MORiGAGEE and the practice of such Court. 8. To duSy, promptly and fut~y perfo~m, d~scharge, execute, effect, complete, comply witn and abide by each and every the siipulations, ag~eements, condit:ons and covenants :n sa~d promissor~ note and this morrgage set forth. 9. That in the event the ownership of the mortgaged prern,ses, w any part thereof, becomes vested in a person o~her than the MORTGAGOR, the MCRiGAGEE, irs successors and ass~gns, may, wi~hout nonce !o the ~tORiGAOR, deat with such successo~ or successo~ in interest w;th reieience to this mortga~e and 1t~e dci~f hereby secured in the same mannzr as with :tortgagor without in any way vitiating or d~uha~ging the MortgagOn' liability here- under or upon the debt hereby secured. No sa:e of the F•renuses hereby mortgayed and no forbearonce on the part oF Ihe ~110RiGAGfE or its svccessors or ass~gns and no extens~on oF the n:ne for tiee paymenr of tle dcb~ hereby sec~red g~ven by Ihe MORTGAGEE or its successors or ass~gns, ahall opetate ~o re!ease, d~scharge, modify ~hange or atfect the ong,nal liab:l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is apec~flcally agreed that fime is of ihe essence of this con~ract and that no waiver of a~y obligat~on hereunder a of the obtigation se- cured hereby shalt at any time thrreaiter be heid to be a wa~~er of the tetms hereof o? of lhe instrument secwed herby. l t. tn add r,'oa to rhe fareqe:+~g monfh'y paym~n» of pr,rc'pal and inter:st req~ired by tfie promissory no!e secured hereby, mortgagor covenants and a~r_ts to pay to mortgagee v~~ih each m~r,~h:y pay~.:ent an add~~~anai sum est~n~ared by mortgagee to be equal to 1; 12 of the annual cost of the fullow- ing: a-a~ rzal property taxrs lev(ed or assesc^d aqacisr rhe at:ove descrlhcd r:•al estate. 6-Pr..nr~~:,s on fire and windsto-m imvrance as herein req~:r•~ to be ca~ried en the improvements situate o~ the above described premises. C-Premiu~~~s on such mort~age guaranty insura~.ce as mo~~gagee shall fro~: t:me to time deem fit to wrry on Ihe loan setured here5p_ Moregagee s%,aii frem time to time no?ify IPG.'iyd~Ot ~n writ~ng of th= arr:ou~t due and payable hereu~der and svch sorn shall thereupon be due and payante on r~~ c~uc date ot the nexr n}u~!h:~ pay~nent and each success~ve monrh thereaftcr ur.til martqagee shatl not~fy mortgagor of a change in such a^~ount. Such sur-+s sFa.l be app:~eJ by morgag,re tov:erd tha pa~ment of reel property texrs, ~nwrance prem~ums, and mortyage guaranty insurance - premiums. L`~ L'~1TNESS .".'HfREOF, the said MORTGAG,^i2 has hereunto set his hard and sea! the day and year firsJ aforesaid. Signed, Seafed an eiiver in the presence ot: ~ ~ ~ ( L l , ~DI) taitn ~ Wi iaa N. Riche Zs~ai1 (Sea1) ' witness . ~ cse~i~ SiATE OF FLORIDA St. Lucie I COUNTY OF ~ 1 { Befwe me persona:ly appeared _ Wll~li?ID N. Richey, St. and S~iOlIIilB D_ R ie hey his wife, to me well known and knov,n to me to be the individuals desaibed in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for ihe purposes therein expressed_ And the szid CaM1flY1~1 D. R ie hey w~ie of the sa~d ~ Willlas 1'1. Riehey, $r. upon a separate and private ~ exam~~at:on by me taken.separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- Y ~ rari{y and wlthovt any co^;pu,sion, constraint, apprehens:op~r fear of or from her said husband. ~ WITFiES$ my hand and officiaf seat this ~02 day of = A. D. 19~2~ ~ ; ~:;uK~~ED f ST~LV"l' ~"~H2~5`a Notary Pubtic in ar.d fdr the S te of Fbr~~~st:~~e~ i ~ ~ ~ " C~~G ~ ~ My Commasion expires: ~ ~ Return To: _ ' ~ 1~ , ~ i First Federal Savings 3 loan Associat~on ~ C f' ' ~ . ~ p ~ E• i~ t f~tt-~iC.:1•:TE ci (f.~lQA7L ~ , of ~a,, P ce ~ ~u ~ Lt ~ - R ;:Y GG ::'!ec:::Y ~.`:f ta~s;,3R Fori P~er[e. Fi~rida ~ ~ ~y ~ja t'%~ 2!~$ ~~~w:.a by nr,E,wan ~2a;:.,~s. : f _ : : ° -i : - 19 ' v s • ~ . - _ ~ ; This I~strument Prepared By Gar F. ~:s~ • C First Federal Savings 8 loan Association y Ellwood ~ T`; L ; of Fort Pierce ~ Rlorida /r~~ u C 1: YS ~ Checked By ~ - : ~ 224 F~,~E 2695 ~ ~ ~ ~„~S,+~ti-.' § ~ t~.'"-..Y i - - _ - - - - - ~ _ ~ ~ -'~.Lr..y'd 1 ~ . ~ ~ ~ i ~ . . . -T~~~'4 .