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HomeMy WebLinkAbout1550 ' 3. To p~ace and coroinuouaiy ~ep o~ the bui!d~ngs now or hereafter s~luate on said land and o~+ all equipment ~nd personally cove~cd by i~it motig• sgs, w~th sll premiums ~he~eon pa~d in iutl, f~re ins~rance in ~he usual s~andard po!icy fam, in a sum app~oved by the MOR~GAGEE, and winJstorm insurance in the usual a~andord pol~cy fwm, i~ a ~um app~oved by the MORTGAGEE, in ~uch companY or canpan~ss as tM MORiGAGEE may ~ diret~; a~d ~U tir• and w~nd~torm insurance poliuet on ~ny of faid build~nys. ~ny in~erest therain or parl ~tiareof, in tM +y9re9ate aum ~fo~esa~d o~ , in ~accs~ thcreof, sF~l1 contain tha usual s~andard mortgayee ciause a such o~he~ claus~ +s tM Matyagee may ~equ~re, makinp Ihe lo~s ur.de~ ?a~d poli~ , t cies, each and OVNY, p~yeb~e ro sad MORIGAGEE as ~ti ~niercit m~y ~ppear, end each and eve~y tuch poficy shall ba promp~~Y +is.9ned and de~iver~v! to , •ny held by sa~d MORTGAGEE as ~urther security to said mo+tgage debt, and, not leu IFw~ ten (10) days in advance of the expiratio~ of each policy, to da . livs~ lo said MORTGAGEE a renewal thereof, lo9ether with • rece~pt for Ihe promium of svch raoewal; and ~here thal! be no f~~e or windsio~m in~uranc~ plKCd on ~ny of said buildings. any interest therein a p+rt thereof. unless in tM form ~r+d with the loss p~yable +1 eforosaid: and in the evtnt any sum of mon~y becomes payable unda such polecy w po~~cies wid MORTGAGEE shall have the opl~on to rece~ve and apply the same on accouro of tAe indebted- ness uwred hereby o~ to pe~mlt sa~d MORTGAGORS to receive and use if or any part the~eo( tw other pwpo~es, w~~hout ~h_r~u~ warv~ng o~ ~~~~pd~~- f~ ing ~ny equ~ty, lien w right under or by virtus of this mo::gage; and in the event s~~d MORiGAGORS shall for any resson f~il to keep ihe ta~d p~emisrs w insured, or fail ro deliver promptly any of said policies oi iniu~anc~ to taid MORTGAGEE, or fail promatly to pay futly any premium therefo~ w in a~y • t reipect fail ro per(am, d~uha.ge, execute, e(~ed, complete, comply with and abide by this covenan~, or any par~ hareoi, w~d MORiGAGEE may p~ace and . i pay fw such inaurance or any part thereof without waivirg or af(ectirq anY op1~w+. ~~eo. equ~ty, w rigM unde~ or by virtu~ o( thit MatgaQe, a~d Ihe full amount of each and every such payment shall be immed~ately due and payable •nd shall bear interest irom the date therco( ~n~il paid at 1he rats ol n~ne per centum pe~ annum and together with such interest shall tx sec~red by the lie~ of this mortqape. 1. To p~rmit, tommit a suf(er no wss~e, impairmenl w deteriotation of uid property a any pa?t ther~of. S. To pay all and sinqula~ the costs, charges and expenies, including a?easonable attorney i fee and costs of abatrocts of title, incurred o~ paid at eny time by said MORTGAG:E, because or in the event of tne ia~lure on the part of the said MORTGAGOR to duly, promplly +nd fully perlorm, d~scharge. e,~ecute, effect, compiete, compty with and ablde by each-and every the stipulano~s, agreemenn, conditions, snd covenants of ta~d promissory note and ~his r.,orrgage any or ei~he~, and sa~d costs, charges and expenxs, each and evNy, shall be immediately due and paysble; whe~her w no1 there be noriu do- mand, attempt ~o co~lect or suit pend~ng; and the futl a~nount of each and every such peyment shall bear interest from ~he date thereof umil paid at the rate of ~ine per cenwm per am~um; arw' all said costt, chargrs and ezpenses incurred or peid, together wrth auch iNerest, shall be secured by the lien of th~~ mortyags. ' 6. Thst (a) in the event of any breach of this Mwtgage w defautt on the part of the h~ORTGAGOR, w(b) in the eve~?t any of sa~d sums of money herein refened to be not prompfly and fully paid wi~hi~ th~~ty (30) days next afrer the same severally become due and payabls, wilhov~ demand w not;ce, or (c) in tha event each and every the st~pulations, agreements, condirions and covenaNS of sa~d promissory note and th~s mwt9age any o~ ei~her aro no1 iuly, promptly and fully periormed, d~uharged, eaecuted, effeaed, completed, complied with and abided by, then i~ e~tlxr w any wch event the sa~d ag- gregate sum mentioned in said promissory ~ote then rema~n~ng unpaid, wi~h interest acuued, and all moneys secured hereby, shall become due and pay eo~e iorthwith, w thereafter, a1 the option of said MORTGAGEE, as fully and completcly as i1 all of the said sums of money were o+g~~alty stipufatcd ro be pa~d on such day, anything in sa:d promisswy note u i~ this Mortgage to ~he contrary notwi~hstanding; and ~hereupon or thereafter st the ophon of said MORTGAGEE, witho~t notice w demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted ss if all moneys secured hereby n_d matured pr~or to ns institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mor?gage, a to foreclose it, or to reform it, or to enforce payment of •ny claims hereunder, said MORTGAGEE shall apply to the Court havi.~g jurisd~ction thereof fw the appointmenl of • Receiver, suth Cour~ shall forthwith appoint a receiver of said mongaged property all and singulsr, includ,ng all and singu~a~ the income, p~ofits, issues and revenues from whatever sevrce derived, each and eve~y of which, it being expressly unders~ood, is hereby mortgaged as if speufically set forth and described in the g~anting a~d habendum cia~ses hereof, and such Receiver sh~ll have all the broad and effec?ive funU~ons a~d powers in anywise entrusted by a Court to a Receiver, and s~ch appointme~~t shall be made by such Court as an admitted equity and a maner of abaotute right to said MORiGAGEE, and withoul reference to the _ edequacy o? inadequacy of the value of the property mwtgaged or to the sotvency or inso~vency oi said MORiGAGOR or the defendants, and that such rems, prof~fs, income, iuues and revenues shall be appl~ed by such Receiver accord~ng to the lien a equity of said MORTGAGEE and the practice of such Court. ' 8. To du1y, promptly and fully periorm, discharge, execuse, effeci, mmplete, comp~y with snd abide by each and e~ery the stipvlatiais, agreements, conditiorts arid covenants in sa~d promisswy note and this m~rtgage set fwth. 4 9. That in the event the ownership of the mortgaged premixs, or any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successo~s and ass~gns, may, w~ihout nouce to ~he MORTGAOR, deal with such successor w successw in interest wi~h re(erence to this mortgage and the debt hereby secured in the same manner as with N1o~tgagw without in a~y way vitiating or d~xharging the Mortgagori liability herr under or upon the debt hereby secured. No sa{e of the premises hereby mortgaged and no forbtarante on the part of Ihe MORTGAGEE or it~ iuccessors or ass~gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or itt successors or auigns, aha~l operate to re~ease, d~scharge, modify change or atfect the orig~naf liab,l~ty of ?he MORiGAGOR hcrein, either in whole or in patt. 10. 1t is spec~fically agreed that ti~ne is of the essence of this contract and that no waiver of any ob~igation hereunder w of the obligation so- cured hereby shall at any time thereaiter be held to be a waiver ot the terms hereof or of the instrument setured herby. I1. In add~?ion to the (orego:ng month!y payments of pzinc"pal and in?erest required by the prom~swry note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payn~ent an add~riona! sum estimated by mortgagee to be equa{ to 1 jl2 01 the annual cos? of the follow- :ng: A-All real property ta,cas levied or assessed agai•,st thc aEove desvi~ed real eslate. B-Prert~~ums o~ fire and w~rtds~o~m insurar.ce as F~erein requ;red to be carried on the improvemenri situate on the above described premises. C-Premi~ms on such mwtg;ge guaranty 7RS~rance az mortgagee shatl from t~me to time deem fit to carry bn the ban secured hereby. 'I Mortgagee shail irom time to time notify mortgagor in~ writ~ng of the amount due and payable Fxreunder and such surn shall thereupon be due and ; ayable on the d~e date oi thr next monthly pay~~ent and eacfi successive month thereafter ur.til mwtgagee shall not~fy mortgagw of a change in svch i a-nount. Such sums sha:I be appi~ed by mortgagee toward the payment of real property taxes, i r e prem:ums, a~xl tgage varanty insurance premiums. ~ ~ i IN Y~ITNESS WHEREOf, the said MORTGAGOR has fiereunto set his hand and seal the day a ye r iirst sf sai . ~ Signed, Sealed and detivered in the presence of: % . a : !d . I! sl) ~ al) ~ INawceen J. Sa er aq SIATE OF ~ ' ~ ~ d'°~" ~ couNnr oF l-~-d=SS~- ~ ~ ~ Befwe me perso~ally appeared Bdward W. Snydez and ~ ~11lQ6I1 .1• Snyder his wi(e, to me we(I known and known to me to be 1 the individuats described in and who executed the fwegang instrument, and ackrawl ed before me that they executed the same fot the purposes i tnerein expressed! And the said Maweeen J• 511~E~Y ± rv~fe of the said ~ward W• $I1j/d@r _ vpon a sepsrate and priv+te ~ examination by me taken separate and apa from r said husband, acknowledged to and before me that ~he ezecuted said instrument freely and vof~n- ± ~ ra:ily and w~thout any computsion, co~stra' t, ap r n ion, w fear of w from her said husband. ~ WITNESS my hand and offic~al sea day of ~zc6 A. D. 19 74 HA O~O - ' NOTARY PU~_:~, S~a'e of N~?YiMQ f ~~o. ~u-;~53840 ~ Notary Public in and for 1F~e State ofii~w~~at Lsrge • Coutlly/) < My Commission expires: N~u' y~`t %5 Queliiied ii i. . , j^, ,9 w~~ ~ Rewrn To: rpnmissEon Exp<<es ~:.~-r~' - ''~K..t first Federal Savings a Loan Associat;on ~ f. - ~ Of Fort P,er~e. Fort Pierce, florida ' ~ i~ t;Lr~ ~ . r:,, ; ~~c~koeo s ~ • ~ ~ f1LEC~ : : t, - This Instrument Prepared By J. H`~ Rab~i'ts,~-~.T=.. ST.LUC1c GGUhTV flA. First Federal Savings & loan Association : ~ , ' P.o, - - AS ~l of Fort Pierce ~ Rlorida 1 • ~ C~EeK c: .Cui ~ COURT , 4-~,~~ O[/~O' f: '.C x ~ / - : ~'ti . ~ ~ 1 ~ ; ~ ~ Checked By - ' . ~ _ ` ; - aPR I ~ 44 ~M ' ~ ~ . ~ j S' - ~ . - , - . eoo~225 PacE1548 - ~ ~ ~ ~ , . r - - _ ~ : ~~~-~,~;;=.ri..,.~.~~ _ - - _ . ~ v~. .