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HomeMy WebLinkAbout0143 3. io piace a~d continuousiy keep on d~e bu~~d~nqs now or he~eefler f~t~ato on soid land and on all equipmeN and perso~slly coverod by th~ti mwt¢ •ge, w~~h ali prem~ums ~hereon pald ~n lult, (~rr inSV~anCC ~n ~he u~ua{ ~~.+nda~d po:~cy iorm, in a ~um apWo~ed by ~he MOktGAGEE, and wmdato~m inswence in ~he usval ~eandard pol:cy iorm, in a sum aE~p~ored by ihe MORTGAGEE, in fuch company o~ companies ~s ~he MORTGAGEE may diretl; and all fire and w~nde~orm iniurar+ce poi~c~es on any ol said build~ng~, ~nY ~nterest Iherein o~ parl IhQtcwf, in Ihe a99~ega~e ~um aforesaid ot in eaces~ Ihrrcwi, shall contain ~l+s uiual ~tandard mort~agae dause a such o~he~ davu as ths Mo+tflagae may requ~ro, nwM~ng the toas under fard po~i~ cie~, each and every, payabie to sa~d MORTGAGEE as ~ts ~~~~~~e~~ ~nay appea~, and each and every such poGcY shall be p~omFtly a~s gnrd a~~d dei~verrd ~o any F~Id by said MORfGAGEE as furthe~ security ~o sa~d mortgage drot, end, not Icss than ten (101 davs ~n ad+ance of Ihe ea?h~+1~on o~ each po~~tY. to de- t;:er to sa~d 4!ORTGr.G'f a n: µ`wal the•eoi, +~~il+~r wi~h a rrce~pt for ~ha wamium of such renewa~; and ~here s?~~It be na f~~e o~ W~ndsto~m insu~+nce placcd on any of sa~d buildings, any interost thc~e~n a psrt thtreof, unless in the fonn and wi~h the loss payabie as aiae~aid; and in 1t~ ~.~:~t any 5::~+ of nwnay become~ payab~e ~ndrr st,ch polity o+ po~~uos said MORTGAGEE shalt have the opt[on to receive and apply the same w+ accovnt of the i~xlzbted- : ness secured hereby w 1o pe~mit said MORTGAGORS ro rece~ve and uss it o~ any pan thereol lor otner purpoirs, .v~ihout ~h:r~u~ wa~.~•i3 a~~'~Pd~~' ~ ing any equ~ty, lien or righ~ under w by virtue o1 th:s mo:tgage; and in tha evc~t sa;d MORiGAGORS ihall tw any reason f+il ~o keep the sa~d p~emises so ~ insured, o~ fail to detiver prompllY a~y of said po~~cies ol insu~ance to said MORTGAGEE, w fail promptly to pay ful~y any p+e~~~um therefa o~ •^Y respea fait to per(wm, discharge, execute, effect, complete, comply wi+h snd abide by this covenant, o? any part hareoi, said MORiGAGEE may p~ace a~d pay fw such insurance o? any part thereo( w~thout weiving w affecting any opt~on, lien, equ~ty, or r~gh~ unde~ w by virrue of this Mor~gage, and the fuil am~unt of each and every such paymrnt shall be immedietely due and payabte and shall bear interest from the date thereof until paid at the rate o1 nine per tentum per ar.num and to~ethrr with wch inte~est shali be secured by the Gen of 1Fus mo~tgage. 1. To permit, commit w suf(er no waste, i-npainnent or dete?iora~ion of said property or any psrt theraof. 5. To pey atl and singular the cos~s, char9es and expen~es, inciuding a reasonabte a~twney's fee and costs of abstrads of tifle, incurred a pa~~ s1 any ti~ne by sa~d MORTGAGfE, beceuse w in the event of the failure o~ ~he part of the said MORTGAGOR to duly, promptly and fully periam, d~scharge, execute, eifect, complete, canplY w~th and sb:de by each and every ihe eripulat~ons, agreements, condition~, and covenants o~ said p~omiswry note and ~h~~ mor~gage any or either, and sa~d costs, charges and expenses, each and every, sha~~ be ~mmed~ately due ~+d payabte; whether w not the~e be nu~~ca d~ mand, attempt 1o col{ect or suit pe~xl~rg; and the full amouM of each and every such payment shall bear interes~ Irom the date thereof u~N~ pa~d +t ~he ralt of nine per ctNUm per an~~u:n; and al~ sa~d cosis, charges ar~d expcnses ~ncurred a paid, togaltxr wdh such interest, ihail be sec~red by the IKn of ~hi~ mortgage. _ 6. That (a) 9n the evero of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in fhe even~1e nyN'o~i ~a~ ~ or oot~ce, herein referred to be not promptly and fully paid witt~in th~rty (30) days nexf afte+ 1he sa:ne severally become due and paY or (c) +n thr event each and every the stiputations, agrecmeMS, cond~tions and covenants of sa:d p+omisso~y note and th~s mortgage any w either are no1 ~uly, promptly and fully perfor~ned, d~scharged, execurad, effec~ed, compte:ed, compl~ed w~th and ab~ded 5y, ~hen in e~ther o~ any such event ~he sa~d a¢ gregate sum meneioned in said promissory note then re~naining unpaid, with interest accrued, and ail moneys secured hereby, shall become due a~+d PaY- eble forthwith, or thereafier, at the opfion of se~d MOR7GAGEE, as fvlty a~d complrtety as if all of ~he said sums of money were or~g~nally s~~p~lated to be pa~d on such day, anything in sa.d prom~ssory note or in this Mutgage to the co~~~ary notwi~hstanding; and thereupon w thereafter at the op~~o~ o! said MORTGAGEE, withow notice or demand, suit at law w in equ~ty, therefore or Ihereaiter begun, may be p+osecuted as if all moneys secured hereby had mdWret~ pnor t~ As institution_ 7, That in the event that at the beg~n~~~9 of or at any time pend~ng any suit upon thi: Morlgage, w to fweclose it, or 1o reform N, or to e~fate payme~t of a~y claims he.eunder, said b10RTGAGEE shall appiy to the Court having junsdlction thereof ior the appo~ntment of a Receiver, such Cour1 shatl Forthwith jppoint a receive~ 01 said mo~tgaged property alt and s~++9vlar, inctud~ng all and singvlar ~he income, profits, issues snd teven~es from whateyer source derived, each and every of .vh~ch, it be~ng expressSy understood, is hereby ~rtgaged as if spec:}icaUy ut forth a~d dexriDed in ihe granting a~d habendum c(auses hereof, ar.d such Receiver shali have a~l the br~ad and effeUive funct.ons and powers in anyw.se entruste~f by a Cou~1 to a Receiver, and such appointment shalt Se made by such Cou~t as an ad•nitted equity and a maner of absolute right ro said MORTGAGEE, and without reFerence to the adeqvacy or inadequacy of the value of the property mor~gaged or to the so~vency or i~sotve~+ty ol said MORiGAGOR a the defendants, and that such ; rents, profits, iiicome, issues and revenues shall ba app+ied by such Receiver accordu~g to tF.e lien or equity of seid MORTGAGEE and the p~actice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, comFlete, tomply with a~d abide by esch and every the stipulations, ag~eements, conditions and covenan~s m said promissory note and this mertgage set twlh. : 9. ihat in the event the ownership of the mortgaged p~em~ses, or any part thereof, hecomes vested in a perwn other ihan the MORTGAGOR, the ` MORTGAGEE, its successora and assi9ns, may, w~thout r.oiice to the h10RTGAOR, deal w~th such successw w s~ccessor ~n interest with reference to this mortgage ar.d the d~bt hereby secured in the same manner as with Mor:gago~ without in any way vitiating o? d~schargirg the Mutgagors' liability herr unde~ or upon the debt hereby sec~red. !VC sate oS tt~e Frem~ses hereby mortgaged and no forbearance on the part oi the MORIGAGEE w its successus w ass~g~s and no exrension of rhe time for she payment of the debt hereby secured given by the MORTGAGEE or its successws or ass~g~s, shal~ operate ta release, d~acharge, modify change or affect the original liab~iity of the MORiGAGOR herein, either in whole oi irt part. 10. It is speuficai3y agreed that time is of the euence of this contratl a~d that no wsiver of any obt~gation hereunder ot of the obligation se- cured hereby shal~ at any time thereafter be he!d to be a waiver of the terms hereof a of the instrument secured he~by. I 1. In a3d.tio~ to ?he faego'n9 monih!y paymeNS of princ pal and interest requi~e~ by -~he prom:ssory note secured hereby, mortgagor covenants and agr^es to pay to mortgagee v~~th each mo~~thly payrnem an aad~~ional s~m es~~n,a~ed by mortgagee to be eqval to 1;'12 of tfie annual cost of the follow- ing: ~ A-At1 real property taxrs levied o• assesseci ag~i•~st thc above dex~~bed real esfate_ B--Prem~umi on f~re and .v~ndstor~n ~r.surar.ce es nere~n requ:red to be ca~ricd on the lmproveme~ts situate on the above dexribed p:emises_ C-Premi~ms on svch mor~gage guaranty +r.surar,ce as mortgagee shall frcm t;me to time deem fit to carry on Ihe ban secured hereby. Mortgagee shai! frcm t~~ne to t~me nct~fy mertga9or ~n writ;ng of the a~r.ou~? dve and payable heteundzf a~ such sum shatl thereupon be due and payable on ;he d~e dare of ihe neat month;y payme~~t and each successive monrh thereaiter unti{ mortgagee shall notify mortgagor of a change in such n nt. Such s~ms s~a;I be appl:ed by morrgagee towa-d the paymenr of real preperty taxes, i~surance p~em.ums, and mortgage guaranty insurance a ou premiumS. ? IN Y11iNE55 :"1HEREOF, tne said MORTGAGOR has reuNO set his har.d and seat tha day and year fint afwesaid. ; _ $igned, Sealed and delivered in the presence of: fJ / ~a~ - _ , ~C,~, / ~ Gra . Moff'tt ~,q •`(~G(~! t..e Sean ~ Willie Cleo Moffitt ~~aq SiATE OF FLORIDA u_ COUtJTY OF SL. Lucie 1 GZady O. Moff ~tt and Before me personally appeiie Cl~ Moff itt W 1 his wife, to me well known and known to mt to be the ind~~iduais describrd in and who executed the foregoi~g instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said " Willie C1~0 Moffitt wife of the said - GYa(I)/ O. MOff ltt - vpon a xparate snd private exam~nation by me taken separate and apart from her said husband, stknowledged to and before me that sF~e executed sa~d instrument freely and volun- tarily and without any compulsion, constraint, apprehension, or fear of or from her said husband. WITNE55 my hand and official seal this day of March A. D. 191~ S ~J NWary Pub~~c in and for the Sta(a of florida at Large My Commiuion expires: ~ ~ Retum To: , ~ - First Fede~al Savings 8 loan Association ' t' Of Fo~t P:erce. . Ne1ory TYbR4 s1o1e eF Aadde a ~eeN ~ A1y Co+r+mission Enpira Oct. 197i Fori Pierce. Florida fi - . ' {cnd_d iy h:.r. con ~rr L Casuvlly Cw . ' J , _ „~i: =ECO~DEO~ This Instrument Prepared By ,j~ H. Rotienls~ J~3. ; _ f~LEO ;,~LMtY fLA• First Federal Savings & Loan Association ; • ~ !L :rr~ ST.IL'C~•- , ~v ,i r` ~_~..~45 of Fort Pierce , FloY ida ~ ! ~ ~ ~ ~Cr : a~" : ~ r •}URT y~ • ; ~ . G,,'•~.,....•~• ~ CIE:.~. ~''.~3~ ~ ' ~j~( ~ Ri~~v~- ~ _ . ~3 Checked By 1..~_-~ ' 1+:,.,...;.:,,~~~` ~{l MAR I y y 34 aooK225 Pa~E i~3 ~ ~ ~ . ~ , . - _ _ _ k :.o ~ _ ~ ~ ~ ` _ " ~ ~ ~ ~ ~ ~ ~ ~ ~'~.~.~'~.r- ~ . ;~.,:r~.~-..~ ~''A', a.~~"5.,.__.._. _ j ~n_...