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HomeMy WebLinkAbout1172 3. To plsce and <on~inuously keep on ~he bu~:d~ngs now a hereatter utuate on sa~d land and on ail equip~nent a~d personaily covercd by ~his ma~g• egs, with all p~amiums ~hercon pa~d in full, fire insurance in ~he usua~ standard polity (orm, in a sum approved by the MORfGAGEE, and windito~m ~nsursnc~ in tM usual standard pol~cy form, in a ium appro~ed by ~he MORiGAGEE, in iuch cwnpany or compan~es as the MORTGAGfE may dirach and all fir• and w~ndstorm insvranc~ po~Kies on any of aaid build.ngs, any interes~ therein w parl the~eol, in the aggregate aum aloresaid w in eace~~ thereoi, thall contain ~he usual ~tandard mor~gagee clause a such other dauie ai ths Mwtyagee may requ~n, maAing ~he loa~ unda sa~d po~i- ues, each and every, payable to said MORTGAGEE +s ~ts i~te~est may appear, and each aod overy such poticy shall be prompdY ais gned and delivered ~o ~ny held by said MORTGAGEE as iurther security to wid matgage debt, and, not leu than ten (10) deys in advance of ~he expiral~on of each polity, to de- liver to said A10RiGAGEE s renrwal therool, togetha with a rece~pt tor the premivm of such renewal; and ~here shall be no fire or windstorm in~urance ptsced on sny ol said build~r+gs, any interesl therein or part thereof, unless in the form and wifh the Ioss payable as s(oresaid; end in the eveN any sum of money becomei payable under such policy w pol~~~es said MORiGAGEE shall have the option to receive and apply the same on account of the indebtr!- ne~s secured hereby a ro pe~m~t sa~d MORTGAGORS ro receive and us~ i1 w any part ~hereof ior ofner purEwse:, v.~~hout ~h_r~or .vaw~~~g o~ ~~~~pa~r- ing any equ~ty, lien w right u~der w by virtus ot thie mo:tgage; a~d in tha event sa~d MORTGAGORS aFw11 for any ~eason fail 1o keep the said p?emites so insured, or fail ro de~iver promptly any of said policies o1 insurance to said MORTGAGEE, w fail promptly to pay fully any prem~um therefor or in any respect (ail to periwm, d~scharge, execute, effect, comptete, comply with ~nd abide by this covenanl, w sny part hereof, said MORTGAGEE may plate and a(w such insurancs or an a~t thereof without waivi w affecti an o lion, lien, vit or ri ht under a b virtue of thi~ Mo+tgage, and the ` p/ Y P ^9 ^9 Y P eQ Y• 9 Y f~ll amoun~ of eacA and every such payment sha~l be immediately due and payable and shall bear interesl from ths date thereof vntil paid at the rate o1 n~ne pet centum per annum and together with suth intrrest shall be setured by the lien of this mwtgsge. 1. To permit, commit or suffer ra waste, impairrnent or deterioratio~ of said property or any part lhereof• 5. To pay all and singulu the costs, charges a~d expenses, includ~ng a reasonable attorney i fee and cosft of abstrads of title, incurred or paid st any time by said MORTGAG:E, btcause w in tF?e evem of the failure on the par~ of Ihe said MORTGAGOR fo duly, promptly and fully periorm, d~scharge_ exrcute, ei(ed, complete, con+ply w~th and ab:de by each and every ihe s~~pu~afions, a9reemems, conditions, and covenanrs oi said pra.niswry ~ote and ~his nortgage any or e~ther, and said cosn, charges and expe~ses, each and every, shall be immed+ately due and payable; whe~her or not ~here be not;ce do- mand, attempt to collect or suit pending; and the full amovnl of each and every such payment shall bear interest from tht date theieof until paid at the .~ie of nine pe~ centum pCr annum; aru! all said wsu, charges and expensea incurred or pa~d, togetl~er w~th such interest, shaU be secured by the lien of thii mottgsge. 6. Tha~ (a) in ttx event of any breach of this Mortgage or default on the part of the lt~ORTGAGOR, w(b) in the evenl any of sa~d sums of money herein referred to be not promptly and tu11y paid within thirty (30) days next after the same s~ve~alfy become due and payable, wi~hout demand or notice, or (c) in the evem each ar~f every ihe stiputations, agreemenrs, co~d~t~a~s and coveoants of sa;d prom~uo~y no~e and th~s mortgage any a e~~her are no~ iuly, prompfly and fvlly performed, d~xharged, executed, effected, completed, compl~ed with and abided Sy, Ihen in e~ther or any such event the said ag- gregate s~m mentioned in said promiuory rwte then re+naining unpaid, with interest accrued, a~d all moneys setured hereby, shall become due and pay- ab:e forthw~th, w thereafeer, at ~he oprion of said MORTGAGEE, as fully and completely as if all of the sa~d sums oi mo~ey were w~ginaily st~putated ro be pa~d oo such day, anything io sa:d promissory oote or in this Mwtgage to the contrary notwiihstanding; and thereupon w thereaiter at the op~ion of se.d MORTGAGEE, w~thout not~ce or demand, suit at law a in equity, therefore or thereafter begun, may be prosecuted as if all montys secured hereby n_d matured pnor to us institution_ 7. That in the event that at the beginning of or at any time pend~rg any su~t upo~ this Mwtgage, o~ to fweclose it, or to reform it, or to enfo~ce payrr~N of any claims hereunde~, said MORiGAGEE shall apply to the Court having jur~sd~uion ~hereof (or ~he appolntment of a Receive?, such Court shall forthwith appo+nt a receiver of said mw.tgaged property a~l and singular, i~clud+ng all and singular the income, prof~ts, issues and revenues from whatever source derived, each and every bf which, it being expreuly understood, is hereby mor~gaged as if spec~lically set forth and deuribed in tF?e granting and heF,endum ctauses hereof, and such Receiver shall have all the brwd and effective funct~ons and powers in anywise e~trusted by a Court to a Receiver, and s:,ch appointment shall 6e made by suth Co~rt as an adrr.~tted equity and a matter of absolute rlghf to said MORTGAGEE, and without reference to the edequacy w inadeqvaty of the value of the property mortgaged w to the ao~vency or msolvency of •said AAORiGAGOR a the defendants, and that such r~~,fs, profits, income, issues and revenues sAail be app{ied by such Reteive~ accord~n9 to the lien or equity of said MORTGAGEE and the practice of s~ch Court. . 8. To duly, promptly and fully perform, d~scharge, execute, effect, comple~e, comp~y with s~d abide by ~ach and every th~ stipulations, agreements, cor.ditions and covenants in za~d promisswy note and th~s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than -the MORTGAGOR, the :'.ORTGAGEE, its successors and assigns, may, without notice ?o the MORTGAOR, deat with such successor w successor in interest with reference to this n o~rgage and the deb~ hereby secured in the same manner as with lAo~tgagor without in a~y way viGating or d~sch~rging the Mortgagori liability herr under o~ upo~ the debt hereby secured. No sale of the Fiem~ses hereby mortgaged and no forbearance on the part oF Ihe MORTGAGEE or its successors or assigns and no eatension of the time fw the payment of the debt hereby secured given by tFx MORTGAGEE or its successors or ass~gns, ahall operate ~ ie re!ease, discharge, modify change or affect the ori9inal Iiab~Gty of the MORTGAGOR herein, eithe? in whole or in part. ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereu~der or of the oblgatan st $ cured hercby shall at any time thereaftH be held to be a wa~ver of the terms hereof or of the instrument secured herby. ~ I l. In add:rio~ !o the forego:ng mo~thly paymen~s of princ pal and inferest requi~ed by the prom~ssory note secured hereby, mortgagor covenants • a ~•,d agrees to pay to m.ortgagee w~th each mon~hly pay~nent an add:rional sum estimated by mo~tgagee to be equal to 1/12 of the annual cost of the follow- i~;g; A-All real prcperty taxes Icvied or assessed ag3i•,st thc above desaibed real estate_ 6-Prv:~ums on fire and windstam insurar.ce as here~n requ:red to be carried oo the improveme~~s s~tuate on the above dascribed Fremises. ~ C-Premiums on such mortgage guaranty insurance as mortgagee shatl from time to slme deem fit to carry on the loan secured hereby. Mortgagee sha!f from time to t~me notify mortgagcr in writing of the amount due and payable hereunder and such sum shall thereupon be due and ? ~ r.vable on tha due oate of the neat month:y payment and each successive month thereafter ur.tit mortgagee shall notify inortgagor of a change in such ~ i a~:ount. Such sums shafE be applied 6y mortgagee toward the payment of real prope~ty taaes, insurance prem;ums, and mortgage guaranty insurance = i c~emiums. i ~ IN \VITNE55 ~IHEREOF, the said MORTGAGOR has hereunto set his har.d and sea) the day and year st afwesaid. a Signed, Sealed and delivered in the prese~ce of: LL T w ~ aq f ~ ; i , R . Rantu ~,q ~ ° ' ~G~• (Seaq ~ ~ Felicia F. Fantus ~~,i~ 5 i ATE OF FLORIDA ~ S5. ;:ouNrY oF St. Lucie Befue me pe~wnally appeared LO1115 R. R ntus a~d i FQ11Cla F. Rantus hEs wife, to me well known and known to me to be ~ rhe individuais desuibed i~ and who executed the foregoing instrumeM, and acknowtedged befwe me that they executed the same fw the purposes s rherein expressed. And the said Felicia E. Rantus w~fe of the said LO1115 F. RailtLiS _ _ vpon a separate and priwte exam~nat~on by me taken separate snd aparl from her said husband, atkrawledged to and before me that she executed w~d instrument freeiy and volurt- ~=r~;y and without any compula'an, constraint, ap rehenilon, w fear of o~ from her said husband. WITNESS my hand and officisl seal thi day ~fa2Ch A. D. 19 74 ? ~ ~ - ' - . , o , • ~ fllEu A!c:''"~J~~EO Notary Public in and for t ate of ida at large $j. ~UC!"t ~.JUNTY FU. / My Commission eapirer. , - Return To: ~?~~:•i~: :(~if3A$ ~ ~ Fint Federaf Savin s 6 loan Ass =~JIT GOURT _ 9 t F i~ Z Of Fort P:erce. r~ Fort P~crce, ~torida j] ~Z 59 PN'~~ ~ ~ ~ . ~ ~ ~ 2'7'78v'7~ ~ ~ ~ ~ J , . ' This Instrument Prepared By Fobert A. Sp?isher, Jr. f; ~`.s~ . First Federal Savings 8 Loan Association ~ ~ _ ~ ' . . of For: Pierce, rlorida ` ~ : ~ ~ . : - ~ Checked By 1~.-- " ~3~ ~ ' . ~ : o R 225 ~~f 3170 ~ : _ ~ . ~ ~ ~ - - - - - ~ ° w ; - ~ :;M-~. . _ . ~ , ~ _ .