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HomeMy WebLinkAbout1024 3. To plate and conti~uously keep on the bu~:d~n9~ now a 1Kreai~e~ ~ituste on said land and u~ aP rquy.~~~e~~t and persona!IY core~ed by ~h~: mortg- ege, with all premiums thereon pa~d in lutl, fue insura~~ce ~n ~he usual s~a:dsrd po~ity iorm, io a sum aNpwved by the MOR~GAGEE, a~~d w~~ds~o~m ~nsurance in the usual ~tandard pol~cy fam, in a ~um app~oved by ihe MORiGAGEE, in such compa~y or canpan~e~ as tAe MOkiGAGEE may , dnect; •nd all (i~e and wlndsto~m insuronce policies on any of said buiid~ngs, any interast ~he~ein or pait thereof, in the aygreg~te sum aforesa~d or in e:ctss thereof, sM~l co~tein ~ha usual standard ma~g~9ee c~aus~ ot suth otha~ clauss as the Ma~y~yss ~~ay requ~~e, msMing the ~oss undrt •e~J poli- des, each and eve~y, pa~ab!e to said MORTGAGEE as ~~s imerest may appoar, and each and every such po~~cy shetl be prornp~iy aa~ g~~ed a~~d de~ivcred ~o •ny held by ss~d MORIGAGEE as furthe~ security to ~aid mortga9e debt, and, not leis than ten (101 days in adYa~~ce of the eap~rafio~ ol each pol~cy, to da Iiver to ~aid MORTGAGEE a renewal thereof, togy~her with a rete~pt for Ihe premium of such renewai: and there shall be no li?e o~ windsw~m inaurance placed on +ny of said buildings, any interest there~n a part thereof, unless i~ the ~orm and with the loss payabte as aforesaid; and in the event any tum of monsy becort+es payable unckr such policy or poGcies seid MORiGAGEE shall have the option to reczive and apply tAe sa~ne on acco~m oi ~he ~~~drutrd• ; ness secured hereby or ro pcrmit ~aid MORTGAGORS to rcteivs and uss it w any part iF~ereof ior other HurFOSrc, ~v~~ho~f th,.~u~ wa~.~~~ o~ m~pa~r- ~ ;ng any equ;ty, l;en w right under or by ~irtve of this mo:'gsge; ~nd in the event sa~d MORTGAGORS shall fa any reaso~ tail to keep the sa~d pre~n~srs so insured, or f~il to deliver promp~ly •ny of said pol~ci°s of insurante to said MORTGAGEE, a lail promptly to pay fui!y any pre~mum the~efor or in a~y reiped fail ro perform, discharge, eaecute, effect, complefe, comply with and abide by thii covenaM, a a~y part hereof, sa~d MORiGAGEE may piace a~~d pay for such insurancs or any par~ thereof wi~houl waiving w afiectiny any op~~on, lien, equity, or right under w by virfoe of ~h~s Nlo+~ga9e. +~d ~he ; full amovnt oi each and every such payment shall be immediately dve and payabte and shall beu intereal irom the date thereoi until paid at the rafe ol , n~ne per ccntum pe~ annum and to~ather with such interesl sha~l be secured by the leen of lhis mo+lgsge• 4. To permil, commil w s~ffer no waste, impairment a deterioration of said property o~ any paA thereof. S. To pay all and singular the costs, charges and ezpenses, incluJing a reaso~able attor~ey i fee and costs of atstracts of title, incurred or pa~d a~ any time by wid MORiGAGEE, because or in the evem of the failure on ~he parl of tAs said MORfGAGOR fo du~y, prompt~y and fu~ly pe•Form, d~scharge. ~xecute, etfat, complete, comply w~~h and ab:de by each and every the stipulerio~s, agreements, conditwns, and covenants of uid prom~ssory no?e and ~h~i matgage any ot either, and sa~d costs, charges and expenses. esch and every, sh~ll be immediatety dve and payable; whether w not +F+are be na~~ce de mand, attempt ro colled w suit pend~ng; and the full amount of each end erery such paymem shall bear inreresl from the date thereol until paid at the r:,re oi nine per centum per anoum; and aN said wsts, charges and expenses incurred or paid, together w~th such interest, shall be secured by Ihe Ilen of thi~ mo!tgage. : 6. That (a) in 1he event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) i~ the event eny of u~d svms of mo~ey ~ herein referred to be not promptly and fully paid within th~r~y (30) days next aiter the same severatly becane due and payable, withoul demand w notice, or (c) in the event each and every ~he stipulations, agreements, conditions and covenants o) sa:d promiuory nofe a~xl th~s mortgage any w e~ther are nof : i~1y, prompNy and (ully perfwmed, d~scha~ged, executed, effected, completed, comp~~ed with a~d abided ~y, then in e~ther w any such event the sa+d ag i gregate sum mentaned in said prom~saory note then remaining unpaid, with intcrest accrued, and a11 moneys secured hereby, shall become due and pay- ab~e fathwith, or ~hereafter, at the option of said MORTGAGEE, as (utly and complete~y as if a11 of the wid sums of money were a~ginally st~pulated £ ro be p+~id on such day, anything in sa:d prom~sswy notc or in this Mo~tgage to the comrery notwiths~anding; and thcreupon w thereaftrr at the op2~or. of ~ sa,d MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if ~II moneys stcured hereby ° nad maWred pnot to its.institution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, w to fwedose it, w to refum it, or ta enforce payment of any tlaims heteunder, aaid MORTGAGEE shall apply to the Court having ~unsd~cr~on fhereof fw ihe appo~ntment of s Rece~ver, such Court shali fcrthwirh appoint a receiver of said mortgaged p~operty atl a~d singular, i~tlud~ng all and singu~ar the income, profits, issues and revenues trom whatever ; sou~ce derived, each and every of which, it being expressly understood, is hereby mortgaged ae ii specifically set forth ar+d described in the granting and ~ hjbendum clauses he~eof, and such Receiver shall have all the broad and effective iuncnons and povrers in anywise entrusted by s Cou~t to a Recriver, and ; s..ch appointment ahall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and withou? ~eference to the adequacy or inadequacy of the value of the p~operty mwtgaged w to the so~venty w insolvency of said MORIGAGOR o~ the defendants, and ~he1 such re~rs, profiti, income, iuues and revenues shall be applied hy such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the {xadice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, tompfete, comply with and abide by each and every the stipulations, agreements, condetiona and covenants ~n sa~d promissory note and thia mwtgaye set torth. 9. That in the event the owneiship of the mortgaged premises, o. any part thereof, becomes vested in a person other than the MORTGAGOR, the ' h•,p~TGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw w svccessor in interest wifh reference to this ' mo~tgagr and the drbt hereby secured in tfie same manner as with Mo~tgagor without in any way vitiating u d~xharging the Mortgagors (iability herr ~ under w upon the debt hereby sxured. No sale of the p+em~ses hereby morlgaged and no forbearance on the part of the MORTGAGEE a its successon ~ or ass~g~s and no extension of the ~ime fa the payrnenl of tF~e debt hereby secured given by the MORTGAGEE or its successors or ass~gns, ahall operate ; to release, d~scharge, modify change w atfect the original liaoility of the AM1ORiGAGOR herein, either in whole w in part. ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatlon hereunder or of the oblgatan sr ~ c~red hereby shall at any time thereaffer be held to be a waiver of the terms hereof or of Ihe instrument secured herby. 11. In addnio~ to the fwego:ng momhly payments of pnnc pal and imerest required by the prorr.issory nore secured hereb/, rr.ortgagar covenants a~ d agrees to pay to mortgagee v~ith eath mo.ithly payr~Tent an add~fional sum estimated by mortgagee to be equal to 1/ 12 of the annual tost of iF?e follow- ~ng: . A-All real property taxes levied or assessc~ci agai~st the above described rerl estate. B-Premiums on fire and windstorm insurar.ce as here~n requ~red to be carried an The improvements situate on the above d:stribed premises_ C-Premiums on such mwtgage guaranty ir.surance as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby. : Mo?tgagee shalt from t;m~ to time notify mortgagor ~n wri!ing of fhe amount due and payable hereundrr and such sum shall thercupon be due and E ; ~ 3yabte o~ the due date of the next mo~th!y paymeN and each successive mo~th thereafter ur.tit mortgagee shall notiiy mortgagw of a change in such _ i a•.ovnt. Such sums sha11 be applied by mortgagee toward the payment of real property -taxes, insurance prem:ums, and mortgage gua~anty insurance ~ p~emlums. ~ ~ IN Y/fTNESS Y~HEREQF, the said MORiGAGGR has hereunto set his hand and seat the day and ye first aforesaid. ~ Signed, Sealed and delivered in the presence of: ~ ~ - fi~Er : k_~ HfC.i~DEO ~ ~Z~~ Ccf / ~ s~an , St. LU•:fC ! .;Ut1` ~LA. (Sesl) " H"r-- RI:,E • - ;'?AS ` CIEFk -,I' G+~URT (Sea~ _ ~fr,.. . ~ i " (Seaq SiaTE OF FtORIDA ~ ~d 1 34 PM ~~1 St. Lucie ~ ~ Z~~s~ ~OUNTY OF Before me personally appeared Harry R. Crar~ fo r d and ~013e B. CraWford his wife, to me well known and known to me to be thz individuals described in and who executed the foregang instrument, and acknowledged before me that they executed the same iw the purposes : she~ein expressed. Md the sa~ ElOise B. Cx'axford riif~ of the said Harr~ R. Crawford upon a separate and p?ivats e¦amination by me taAen separate and apart from her said husband, atknowledged to and before me that she e:ecuted said instrument free{y and volun- rar~ly and wlhout any compulsion, constraint, epprefiension, qr (ear of or frOm her said husband. Pr ' WITNE55 my hand and officia! seal thi~ q~r day of March A. D. 19 ' ~ ~ ~ ~ ~ Nota ubtic in and for t State of Fbrids at large _ My mm~uion expires: ~t~' E~ ~ 9'73' _ Return Ta ~ c~ . m' First federal Savings E loan Associat~on t~~,~ ~ Of fort P~erce. - . ~ Fo~t Pierce, Florida - . . . ~ - ~ ~ . - • ~ : . " ~ ~ - This Insirument Prepared By F1tn• E. B~'aull ~ - . _ , ' First Federal Savings 8 loan Assouation ~ C'~ - of Fort Pierce ~ :~'lorida . . • . t ~ ~ Checked By ~ _ 800!l~~V P~lo - ~ . ~ ~ , _ ~ f _ - ~ ~ ~ ~ g ~t~. ~ y"~ i,; ~ ` ' r aF'~ r~ ~ ~~n ~ . s ` _ - .