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HomeMy WebLinkAbout0272 3. To place e~d io~~~~uously keep on ~he ~w~ d~~~9s ~~oW cx he+eafter ~~tuate on sald land and o~ all equ7p„~en~ +nd perio~sify cove~ed by this mor~g- age, wi~h all prenuwns thereon (~~d in lull, fire ins~ianct m the usual standerd pot~cy io{m, in a aum spproved by the h10RiGAGEE, and w~ndsto~m Insuronce in ~he uiual uandard Q° I.q Fwm, in s sum spprovcd by ~M 6~URTGAGEE, i~ wch canpany o~ compames as the MORTGAGEE may d~ra4 and all iire end windsform insvrance policies on any of said build,ngs, any iNere~t therein or part thereof. in the aggregate sum ataesaid or in ~zcess Ihrreo(, shall contein 1he uiual sta~~dard rttortgagee clauie w such oitror ctause ~s the Mu~gagee may requ~rs, m+ ~^9a~~ n~d and desvered ?o ues, each and e~ery, payable ro s~id A10RIGAGEE as intr~est may apQear, and e~ch and every wch poi~cy ahall Ix p~a*~p Y 9 ~ny held by sa~d b10RtGAGEE as fu~~her iecurity ro sa~d mor~gage debt, and, no~ less thao ten UO) days in advance of the expiration of each pol~cy, to da ; I~ver ~o said MORTGAGEE a renewal ~hereof, toge~he~ whh a rece~pt for the premium of such renewal; and ~hable~a1slaforeiadf'rand,in theseven~,any sum t placcd on sny of uid buildings, sny interest therei~ ot pe~~ Jhe~eo~• u^~ess in the torm and with the loss pay of monsy becomes payable unde~ such policy or po~+uas said AtORTGAGEE shall have ~he op~~on to receive and apply itie ume w+ account of the indebted- neu aecu~ed he~eby or ~o permit sa~d MORTGAGORS to receiva and uu it a any par~ ~hereui for oti,cr purppsrs, r~~~ho~! ih=r~ut wa~:in~ or ~~~~p~~~- ing any eq~~ty, ~ien w right u~der or by virtue oi thia morrgage; and in 1he event ss;d MORTGAGORS shall ior any ~aaso~ fail to keep ~he sa~d premiaas so ~nsured, or fail to deliver promplly any of said poliues of in~urance ~o said MORiGAGEf, o~ fail promptty to p+y fu11y any premium Iherefw a in any respect (ail to pe~~o~m~ d~acharge, e~ecute, e~fect, con,plete, comply with and abide hy this covenaN, w any pa~1 her~oi, aald MORTGAGEE may piace a~d pay for such ~nsurance o~ any pa~t thereoF without waiving o? af(ecting any opua+, iien, eq~ity, or right uncler a by virwe of this Matgays, and the ; f~ll amount ot each and every such payment shall be im~nrdiately due and payable and shall bear interes~ from the date thereof until paid at the rate of n~ne pe~ centum per annum and togethe~ with such interest sha~~ tx srcured by ihe lien of this mo+tgage. 1. To permil, commit or sufier no waste, impairmenl w deterioration of said prope~ty or aoy part thereof. S. To pey all and aingular the costs, charges and ezpenses, includirig a reasonable sttaney's fee and costs of abstracts of title, incurred o~ paid at any time by said MORTGAGfE, because or in the event of the fa~lvre on ~he part of the said MORTGAGOR to duly, promPtty an~ fully per(wm, d~icharge, exrcute, efiecl, co~nptete, co~npty w~th and ab:de by each and every the stipu~at~ons, agreements, conditions, and covenants of said promiswry note and this mor~gage any or ei~her, and sa+d costs, cMrqes and expenses, each and every, shall be immed~a~ety due and payable; whether or not there be ~o~ice da mand, atter~pt Io tolled w suit pend~ng; snd Ihe tull amount of each and every suth payment sha~l bear interest from the dale thereot until paid at the r.~e oE nine per centum ~x:r annum; and aII said costs, chargea and expenus incurred o~ paid, together w~th such inlerest, sha~l be secured by the lian of th~~ mOrtg~9e. : 6. That (a) in ~he event of any breach of this Mor~gage or defau~l on the parl of the MORTGAGOR, or (b) the ev a~le,nwi~hou~.deinand o? nonee. ~ herein referred to be not pranp~ly and fully paid within ~h~rty (30) days nea~ aiter the same severatly become due and pay or (c) in tFx eve~t each and every Ihe stipulations, agreements, conditions and covenants ol sa~d prom~sw~y note and th~s mortgage any or either are not ~uly. p~omptly and f~lly pe~formed, d~scharged. e~ecuted, elfected. comp{etrd. co=npGed with and ab~ded ~iy, thrn io either a any wch event the sa~d ag gregate sum meM~oned in said prom~aswy note then re~na~ning unpaid, with iroereet accrued, and all moneys secured hereby, shall become due and pay- ~o;e forthwith, or thereafter, at the option oi said MORTGAGEE, as fully and comp~ete:y as i1 a11 of the said sums of money were w~g~nally st~pu~ated sa;d MORTGAGEE hw thout notice a d~ and,TS~itr at^law ~o~ 1 n~equ ty, therefore,or Iherea( er ~beg nst maY be p oseeuted as f al}I maoneysasecFu ed 6ereby rad ma~vred pr~or to ~ts institutio~. 7. ihat in the e~rent that at the beg~~n~~g of or at any time pend~ng any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment o) any claims hereunder, said MORTGAGEE shali appty to the Court having ~u~isd~ct~on thereof for the appoiNment of s Receiver, such Court shall Forthwith appo~nt a receive~ of sa~d martgaged property ali and sir~ular, inctud~ng aIl and singvlar the income, prof~ts, issues and revenues from whatever scurce derived, each and every o( wh~ch, it be~ng expressty undersrood, is hereby morigaged as if specifically ut forth and described in the 9~anting and habendum dauses hereof, ar.d such Receiver shall have ait the broad and effettrve fur.ct~ons a~d powers in anyw~se emrusted by a Court to a Receiver, and s: ch appointmrnt shall be made by such Court as an admitted eq~ity and a~*wuer of absotute right to sald MORTGAGEE, and withouf reierence to the adeq~acy or inadequacy of the value of the property mortgaged or to the so:v~ncy o~ insolvency of said MORTGAGOR or the defendants, and that such renrs, prolits, income, issues and revenues shall be appl~ed by such Receiver accord+ng to the lien or eq~ity of said MORTGAGEE and the p~aaice of such Court. 8. To dufy, p?ompt~y and fuliy pcrform, d~scharge, execure, effect, complete, cornp~y w~~h and abide by each and every the stipulations, agreements, conditions and covenants in said pranfssory nQte and th~s mortgage set forth. 9. That in the event tne ownersh~p of the mo~tgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, fhe :10RTGAGEE, its s~ccesso~s and ass~gns, may, wi~hout nofice to the A:ORTGAOR, deal wiih such successw or successw in interest with reierence to this n;ortgaye a:d the d~b~ hereby secured in the same manr.er as w~th htortgagor w~thout in any way vi~iating w d~schargirg the Mortgagori liabilily he~c ~nder or upon the debt hereby sec~red. No sate of the Fie~nises herrby mo~tgaged and no lorbearance on the pan oi the IAORTGAGEE a its successors or assigns and no exte~sion of rhe hme fw the payment of the debf hereby secured g~~en by the MORTGAG:E or its successwa or au~gns, a~~alt operate ro release, d~scharge, modify change w affect the orig~nal liao:l~ty of the MORTGAGOR herein, either in whole or in part- 10. It is specifically agreed lhat time is of the esser.ce of this contrad and that no waiver of any ob~igation hereunder w of the obligaYan se- cured hereby shali at any lime rhereafter be he:d Io be a waiver of the terms hereof a of the instrument secured he~by. i- ! 1. In add;tio~ to the iorego:ng mortth`y payments of princ'pal and interesr requ~red by the prom~swry note secured hereby, mortgagor co~enan s ~+,d agrees to pay ~o mortgagee with each mon+h:y pay~.~ent an add~nonal sum est~mated by mortgagee to be equal to 1~ 12 of the an:wal cost of the foilow- n q: A-Af; real property fa¦es lev~ed o~ assened ag,~ ~u th~ above d=scrihed real estate. ~ B-Fr~!r:vmS on fire and v,~nduorm ~nwrarxe as h°_~G~n requ~~ed to be car~ied on the :m~rovements situate on the above described premises. C-Premiu:ns on such mort9age guaranty insura~.ce as ~nortgagee shall !rom t!me to time deem fit to carry_on the loao secured hereby. Mortgagce sha+~ fm?f? ~~me to f~me notify mengagcr In wr~t~ng of the amo~~t due and payabte hereunder and wch sum shall thereupoo be due and f :.~yaole on the d~e date oi tfie nrxt monthiy payment and each svccesuve momh thereafter ur,fil mortgagee shall notify mortgagor of a change in sucb ~~•ovnt. Suth sums sFa!! be applied by mortgagee towa~d the payme~t of real p~operty taxes, insurance p~em.ums, a~xl 7r~wtgage guaranty insurance t premiums. _ e , IN VlITNESS YJHEREOF, t said MCRTGAGOR i~as hereunto set his ha,~d and seal the day and year first aforesaid. f Seal`ei~..~nd de 'n he rese o_ ~~,,,t~% ~ . , _ G Sea~ td tA 5S , Wi ' i~ H M1t t (Sesl) ~ ~ 17 i.~ 0 ~ ` (Sean t~~itness u°~;** cs~i~ SiATE OF FLORlDA ~ - SS_ COUNiY OF St. Lucie Williaa Hewitt and Befwt me pe~sona(ly appeared Rose Hewl tt his w~fe, to me well known and known to me to be ;he individuals described in and who executed the foregoing instrument, and acknowled9ed beforo me that they executed the same fw the purposes the~ein expressed. And tne said N~{e of the sa~d - ~ vpon a sepa~ate and p?ivate ~ ~ ~faminarion by me taken separate and apart from her said , stknowledged ro and before me that she exewted said instrument freely and voluo- rarcty and w~thout any compulsicn, coostraint, apprehe lx~ear of w 4rom her said hus~~Ch 74 , l- A. D. 19 WITNE55•my hand and official seal this day ~ ~lI.E~ b~ ~ ~:ECUKO D " ~ ~ - 't 4~~"-.y~~jIJTY fl Notary Public in and for the State of fbrida at large P TP ' aT My Comm~siwn expires: Return To: tR/. C •J~~ L ~ ~ Firs t F e der a l S a vi n g s 6 L o a n A s s o c i a t i o~ pF ~ C'~ r`- •'~'T~~iY ~`'-'C. ST~Tf FIC?~DA at LARGE ~1• t"r.:~f: . , E' 7. 1~77 h,:: Of Fort P:erce. \.NIi. ..1{[/~t, ~ ~O 23 a~ r~ ~ ,it~t.t~pd Br Ai;.~r.,an ~_..r~rs ,;:s:,isnce Co. For: P~ercc, Florida * . ~ . ~ - ~ 2'~~~ ' , f; , _ ~.~A~ Y•• ` ~ : 1v = ~ This lnstrument Prepared By Gary F. Ellwood= ~ First Federal Savings & Loan Association ~ - ~ ~ = " ~ G: ~ Flozida '.PUB :;•v~t ~ of Fort Pierce ~ : ~ . p~, A . Checked By ' ~ ?t sb ~ - - so~ 225 ~ 27i . _ - _ _ ~ 4 , ,~,-i,,.. . _ r ~ ~ ,.h d ~~~~.~3 i . ~ ~~t?-!~~'~,," ''~=~+~.t^°~ , ? 4._.