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HomeMy WebLinkAbout1548 3. To plxe and tontinvoutly keep on ~he bui'd~ngs now o~ hrreaFter s~tuete on sud ~end a~~d on al~ eq~~p~s~rm and personally cove~ed by ~h3s mo~~g- ~ge, with all premiums ~hrrco~ pa~d in full, fire insurence m ihe ususl sea~:~ard pol~cy form, in a ~um spp+oYed by Ihr MORtGAGEE, and w~ndatorm ~ ini~ra~te in tM ufval ~iandard pol~ty iw~n, i~ + ~um approved by the 1NORTGAGEE, in such company or companies a~ the MORTGAGEE may d~ract; and all fire +nd wirxJs~orm insurence poliues on any oi ~aid build~nyi, ~~y inlerei~ ~herein a par~ thereof, in the +9greya~e ~um ~faesa~d w In eatess thersof, ~MII conuin ~hs usual tunds~d mor~gagee clauss w suth o1he~ clauss as Ih~ Mo~tgagee may requ~r~, makin~ the loss unde~ said po~~ ~ ues, each and er•e~y, payable to s~~d A10RiGAGEE as ~n intere~t may ~ppeu, and each and eve~y tuch po~icy shell be promP~~Y ass yned a~td delivered to any held by s~~d MORTGAGEE as turthe~ security to aoid morlgage debt, and, not less than re~ (10) dayi in adva~xe o1 Ihe expirat~on ol e~ch policy, to da liver to uid MORTGAGEE a renewel thereof, ~oge~her with a receipt for ihe premium of such renewal; a~xl there shall be no f~~e o~ w~nds~orm insurance ptaced on any of s~id buildings, any in~eral lhere~n ot part Ihereof, unless in tht {orm and with the loss payable as afo~e~aid; and in the svent any tum of mon~y beton+es peyable urtder such policy o~ pol~cies said MORTGAGEE shail have the op~ion lo reteiva and apply the ume on accounl of the indebted~ . ne~s secwed hereby w ro permit uid MORTGAGORS lo receive and us~ it a any parl thereof for other p~rF~oses, w~0~out Ihar~u~ wa~v~ng or ~n,pau- 1 ing any equ~ty, lie~ w right vndcr w by virtue of this mo:lgage; a~d in the event taid MORiGAGORS shall (a ~ny ~eason f~il 1o keep 1he uid prem~ic~ so . insu.ed, a tail ro delive~ p.umptty any oF seid po~~cies of insurance to sa~d MORTGAGEE, w fail promptly to pay fu~ty sny pren,ium therefa w in a~y . respect lail to periwm, d~scharga, e:ecu~a, eifect, comp~ete, comp~y with and abide by thii covenanl, a+ny par~ he~eof. said MORiGAGEE may place and pay fp suth insuranca o~ any part tF~reof without waiving or aifecting any optio~, lisn, equity, w right under or by virtw oi lhis Mwlgaga, snd the full amount of each and er•ery such payment shall be immediately due and payable a~d iha~l besr interesl from the data thereof un~il paid at the rate ol nine per centum per annum and together with su<h interest shall be secu~ed by the lien of this mortgage• 1. To parmif, tommit or suffer no waste, impairment or deterioratio~ of said property o? u?y parf the~eof. ~ 5. To pay all end singular the costs, charges and expenses, including a reasonable attorney i fce and costs oF abstrocts of title, incurred o~ paid at any time by said MORiGAGEE, because w in the event o1 the (ailure on the part of Ihe ssid MORiGAGOR to duly, promptly and fuUy perfam, dixharge. execute, etied, complete, comply w~th and ab:de by rach and every the stipulat~ons, agreemems, conditions, and covenants of said pro~nissory note and ~his mortgage any w ei~her, and sa~d costs, charges and expenses, eath and every, shall be immediately due +~~+d p+Yable; whether w not there be not~ce da ma:~d, attempt to coltect w s~if pend~ng; and ~he full amount oi each end every such payment shall bea~ interes~ f~om tt~e date thereof until paid N the rare of nine per centum per anuum; and all said costs, charges and expenses inturred or paid, togather w~th tuch iNerett, shall be se:ured by the lien of this mortgags. 6. Tfiat (a) in the ever+t of aey breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the event any of satd tums of money herein referred lo be not promptly and fully paid within th~~fy (30) days next after the same severelly become due and payable, wi~hout demand o~ no~ke. or (c) in the event each and every the stipulat~ons, agreements, conditions and tovenants of sa;d p~om~uo~y note and 1h~s mortgage any w either sre ~01 i~ly, promptty and fulty pe~formed, d~3charged, executed, eifected, completed, complied w~~h and ab~ded `ay, theo in either o~ any such evcnt the sa~d ag gregate svm mentioned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- ~ ab!e forlhwith, o? thereafter, at Ihe opT~o+~ of said MORiGAGEE, as fvlly and comptetely as if all of the sa~d sums of money were aiginally sripulated to be pa:d on such day, anything in sa:d prom~ssay note or in this Mort~age to the tontrary notwi~hstanding; and thereupon a thereafter at ~he option of said MORTGAGEE, witho~t nonce o~ demand, suit a1 law w in equity, thrrefore w thereaiter begun, may be prosecuted as if all moneys secured hereby had matured pnOr f0 ds inStituTiOn. . 7. That in the event that at the beginn~ng of w at any time pending any wit upon this Mwtgage, a to foreclose it, w to re(orm it, or to enfwce payment of any ciaims he+eundrr, said MORTGAGEE shall app~y to tfie Court having jurisd~ction thereof (w tlx appointment of a Reteiver, such Court shafl Forthwith appoint a receiver of said mortgaged p?operty all and singular, includ~ng all and s~ngular the irtcome, proflts, iuues and revenves from whatever source derived, each and every of wh~ch, it being exp~essty understood, is hereby mor?gaged as if spec~fically set fath and dewibed in the granti~g and habendum clauses hereof, and such Reteiver shall have all the brxd and effective funct~ons and powers in anywise entrusted by a Cou~t to a Recei~er, and s~..ch appoin:ment shall be made by such Court as an ad,nittrd eq~ity and a maner oi absolute right to seid MORTGAGEE, and without reference to the adeyuacy w inadrquacy of the value of the prope~ty mongaged or to rhe so:vency or ~~soivency ol said MORiGAGOR a the defenda~ts, and that such re~~s, proii~s, income, issues and ~evc~ues ahatl be applied by such Receive~ accord~ng to the lien w equity of iaid MORTGAGEE and ~he practice of such Court. B. To duly, promplly and fully pertorm, discharge, execute, effect, complete, comp~y w~th and abide by each and every 1he sfipulations, agreements, conditions and covenants ~n sa~d promissory note and thes mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the h!ORTGAS'iEE, ita successws and ass~gns, may, without notice to the MORTGAOR, deaf with such successor or successor in intereat w~th reference to this mor~gage and the debt hereby sewred in the same ma~ner as w~th Mortgagor w~thoul in any way vitiating or d~uharging the Mortgagors' liability here- ~nder w upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on the part of Ihe MORIGAGEE w its successws or assg~s and no extensicn oi rhe time fw the payment of the debt hereby sxurrd given by the MORTGAGEE o? its sutcessors w ass~gns, a~w11 operate ro release, d~scharge, modify change o? affect the original liability of the MORTGAGOR herein, either in whote or in part. 10. h is spec~iically agreed that time is of the esser.ce of this cororact a~d that no waiver of sny obl~gation herevnder ot of ihe obligatan sr cured hereby shall at any time therealter be held to be a waiver of the terrns hereof w oi 1he instrument secured herby. li. (n add.t~on so the forego:ng month`y payrteents of princ~pal and interest required by the promissory note secured he+eb~/, mortgagor covenants and agrees to pay to mo:tgagee v~ith each momhiy payr~ient an addnienaE sum es~imated by mortgagee to be eq~al to 1 j i2 of the annual cost of the follow- ~~g: A-All real property taaes levied or assessc~ci against the above dezcribed real estate. B--Pr~~m~ums on lire and wi~idstorm inwracce as here~n req~:red to be carried on the improveme~~s s~tuate on the above described premises. C-Premiums on s~ch mwtgage guaranty i~surar.ce as mo: tgagee shal~ trom t:me to ti~ne deem (it to carry en the loan setured hereby. Mortgagee sfiafl i.om time to tin,e not:fy mortgagor in w~iting of the amount due and payable hereunder and such sum shall thereupon be due snd r~yable on the due da~? of the next monthty payment and each wccessrve month thereaft~r ur,til mwigagee shall notify mortgagor of a change in such ` a-~:ount_ Such sums shail be appl~ed by mortgagee toward the payment of real property taxes, inwrance -prem.ums, and mortgage guaranty insuraoce i p•emiums_ . . f IN WITNE55 ' EREOf, the said MORTGAGOR has hereunto set his hand and seal the day a~ ar first af esaid. ~ aled nd livered 7n the presence Of: , - iy J~Ut'O ~ f11E0^ h_~ ~uhTr ftA- ~a a0 Sj t~!`:' "F.AS ald Lang d Sweeting ~a~ ~ F~~"_ ~ ~U~lRT CLEQ.K .~i ' (SeaQ - R~rn>~. ic • ~'"'~r~~ Jannie L. Sweetin ~s~aq STATE OF FIORIDA ~ ' ~ 4~ A~ ~y COUNTY OF St . ~.L1Cle j ~ ~ / ~.1~ Ronald Langford Sweeting 8„d ' Before me personally appeared Jannie L. Sweeting his wiie, to me well known and known to me to be the individvals desv~bed in and who executed the foregoing instrument, and acknowt~ ed before me that they exetuted the same fw the purposes therein expressed_ And the said Jannie L• $W@@L1T1CJ r~~fe of the said Ronald Langford Sweeting vpon a separate and privsts e,am~aation by me taken sepa~ate and apart from her said husband, acknowledged to and befwe me that she exetuted said instrument freely and volun- ~a~i;y and w~thout any compu!sion, constraint, apprehens:or+, fear of w from her said husband. ~ day of March A. D. 19 74 ~ WITNESS my hand and official seal thi~ ~ Notary Public in and for t tate of F{orida at large ~ My Comm~uion expires. ~R Retum To: ~ Fint Federal Savings 3 Loan Association Nobry ?u~it. Stete of He~.do et ta•ye Of Fort P~erce. b1y Gmnwsw~n Eapir~s Oet. 30, 1916 ? ~ Fort Pierce. Florids ~w.1ee1 by M»~iton ~ ~,p~yp~h ~ TT":T.~ j - ~ . This Instrument Prepared By John VJ. Collins ..~i~~~~~' ~ First Federal Savings & Loan Association o~ . ` of Fort Pierce~ Flot ida : Checked By ~ Q . _ . z , , O ~ -`~j ~ - R ~ 54fi ~ ~ ~ . ~oax 225 ~ , , ; . • S ' : - - - - - - ~~1 x '7` 2~'c ".9~: zs~~ ~ ~ . ~ro~ y . _ . _ ..,~...~~.~u- _ . - - . d . .