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HomeMy WebLinkAbout2954 3. To plat~ and continvously keep on the !w~!d~ngs now o? he~eaf~er situate o~ said land and on all rquipment ~nd ptnonally covered by this mortg, y~, with ~II premiums ~hercon pa~d in futl, li?e ins~r~nce ~n ~hs utusl i~ardard pol~cy fwm, in • ~um approved by the MORiGAGEE, and winds~wm t insu~snt~ 1~ tM uausl ua~dard pol~cy fam, in a sum ~pproved by tM MORIGAGEE, i~ fuch ca++p~~y o~ companies as ~ht MORTGAGEE m+y ~ duacl; and all (in a~d wi~diiorm inaura~+c~ poticie~ on any of u~d build~ngs. any interas~ ~herein o~ p+rt thereof, in 1M a99rc9~~e ium ataesa~d w~ in ~xcca t!?crwf, shall contain tM uiwl atandud mo.~gage~ dauie or such othe~ tlaus~ ~i IM Mwtpayee may ~sqv~re, ma~irg tM toa undc+ ~a~d polF ~ cies, each •nd ~v~ry, payabls ro s~id MORTGAGEE as in interes~ may ~ppear, a~cd each and iVNy ~vch po~icy shall 1» prompt~Y +ss.9nrd and delivered ~o ~ny 1?eW by uid MORTGAGEE as (u.~ha security to said matgsge deb?, and, no~ leu ~han ten l?0) days in advance of the sxpira~io~ of each policp, to da live~ fo wid MORTGAGEE a renewal thereof, togethe+ with • receipt for ~M premium oi such re~ewal; and ~hers shall be no 1~~s a w+^ds~o~m iniu~anct pl~ted on ~ny of said iwildings, any inte~est there~~ or part thereof, unless in ~F?e form snd with the lou paYable ai +~wese~d; and in tht svtnt +ny sum of mon~y becanes payeb~e unde? such policy a poGuas said MORTGAGEE shall have ~he option ~o receiw and apply the su~e w+ +c~a+nt of tt+e indebied~ ~ neu secured he~eby or ro permit said MORTGAGORS to receive and use it w+~Y Part thereof fw ofher purposes, w~~ho~l Ih:reu/ waiv~:~g a~mpair• s~~ ing aAy eqv+Ayr~ien o? righl under a by virtue of this mo:tyage; and in the event sa~d MORTGAGORS shall fw any reason fail fo keep Ihe said prtmists w~~~ ~ insured, or fail to de~iver promptly any of said polKies of insura~ce ~o sa~d MORTGAGEE, or fail promptly to p~y fully any p~emium tFxretor w~~ ~~Y • respect fa1~ to pe+(an?, d~uharge, executs, efiect, comp~ete, comply wi?h snd ~bids by this covenaM, w:ny part hereot, s+id MORTGAGEE may p~ace and pay fa such insurante a any parf thereof without waiving w ~ffcdinp any option, lien, equity, ot ri~ht under w by vi~tua oi this Matgaye, and ttie full amount of each and evtry such payment shall be immediately due and payable ~~d ~hall besr inte~est from the date the~eoi ~m~il paid at the rat~ oi nine pe? centum per a~num and together with such interest shall be secured by the lien of this mottyage. 1. To permit, commi~ or svffer no waste, impairrt+ent or deterio~etion of said property w+~Y Pa?~ ~hereof. S. To pay all snd sinyula? tM cwts, charges and expenses, includin~ a reas«wble attorney i fee and costs of absvacts of title, incurred w pa~d +t eny tune by ~aid MORIGAGEE, because w in the event of the fa~lure on ~ha pa~t of the tsid MORTGAGOR to duly, promptiy snd fully perform, dischsrge, execute, effec~, complete, tomply with ar+d ab~de by each and every the stipulatrons, ag~een+ents. cond~tio~s. ~^d covenants of said promiswry no~e and thii mortgage any o: a~her, snd said cosri, charges and expenses, cach and every, shsll be immediately due and payable; whether o? not there be notice de~ mand, attempt to coI1M w suit pe~d~ng; snd the fu1! amovnl of each and every uxh payme++t sMll bear i~terest from the daq thereot untif paid a1 the rafe of n~ne pe~ centum per aruwrn; and all sa~d costs, charges a~x! expenses incurred or paid~ toge~her w~~h s~ch ~nterest, shall be secured by the lien of this mortgsge. 6. That (a) in thc event of a~y breach of this Mortgage or defavlt on the pa?t of the MORTGAGOR, or (b) in the event any of ss~d sums of money herei~ raferred to.be rat prompfly and fu~ly pa~d wifhin th~rty (30) days next after the same sever~lly become dve and payabte, withoul demand or rwlice, or in the eveM each and evc~y the stipulations, ag~eert+ems, conditions and covenants of sa:d prom~ssory note and th~s rtartgage u+y o? either are not ~uly, promPtty and fully perfwmed. dixharged. e~ecuted. etfected. completed. comp{ied with and a6ided by. then i~ e~~her or a~y iuch eveM Ihe said a¢ gregate sum mentaned in said promissory note then remaining unpaid, with inte.est acuued, and atl moneys s~cured hereby, shall become dw snd pay- able fcrthwith, w thereafte~, a1 the optwn of said MORTGAGEE, as fully and completely ~s ii all of the said sums of money were w~g~n+~~Y ~~'P~~a~~d eo be pa~d on such day, anything i~ said prom~ssory note w in this Mortgage to the contrary notwithstsnd~ng; and thereupo~ w thereafter s~ the opt~on of said MORTGAGEE, without notice w demand, suit at law w in equity, lherefore w thereafter begun, may be prosecu~ed as ~f all ma~ey~ secured hereby had matured pnw to its institutio~. 7. That in the evcnt that at the beginning of or st any time pending any suit upon ~his Mo?tgage, or to iweclose is, or ro ~eform it, w to eniwce payme~t of any claims hereunder, wid MORTGAGEE shall apply to the tourt having jurisdKSion thereoi for the appointment of ~ Receiver, svch Court shatl forthwith appoint a receiver of said mortgaged property all and sir?gular, ir?ctud~ng all and singular ~he income. pr.,f~ts, iaues and revenues f~om whatever sou~ce derived, each and evcYy of wh~ch, it be~ng expressly understood, is Fxreby mortgaged u if spec~iically set fwth and dewibed in Ihe ~ranting and habendvm clauses hereof, and such Receivgr shalf have all the broad and efiective funct~ons and powers in anywise emrusted by s Courf to a Receiver, and such appointment shall be made by such Court as an admirted eqvity and a ma~ter of absolute right to said MORTGAGEE, and wi~houl rete~ence to the adequacy or inadequaty of the value of the property rtwrtgaged or to the so~vency or iniolvency of said MORIGAGOR or the defendants, and ~hat such reMS, proiits, income, issues and revenues shatl be applied by such Reteiver according to the lien u eqvity of said MORTGAGEE and the practice of suth Court. - 8. To duly, prompfly and fully p~rfwm, d'ncharge, execute, effect, comp~ete, comp~y with and ab~de by each and every fhs stipulatw~s, agreements, condiYans and covenants in said promi~sory note and this mwigage set forth. 9. That in the event the ow~ership o( the mortgaged premixs, a any pan thereof, bemrnes vesred in a person other than the If110RTGAGOR, ths MORTGAGEE, its succeswrs and assigns, may, without ~otice to the MORTGAOR, deaf with such succeuw o~ successw in interest with ~eference to this mortgage and the debt hereby setured in the same manner as with Mortgago? without in any way vitiating a dixharging the Mortgagurs' liabiiity herr under or upen the debt hereby secured. No sale of the premises hereby mortgaged and no fabearance on the parl of the MORTGAGEE ot its successon or ass~gns and no extens~on of the time for the payment of the debf hereby secured 9iven by the MORTGAGEE or its successors or ass~gns, ahall operate to release, d+scharge, modify change or affect the orginal lisbility of the MORTGAGOR herein, either in whole ot in part. 10_ It is spec~fically agreed that time is of the esse~ce of this controct and that no waiver of any obligatlon hereunder or of the obtigatiw~ se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of Ihe instrument setured herby. I1. tn add;tion to the fwego:ng monthly paym~nts of princ pa! and interest required by the prom~ssory note secured he~eby, mortgagor covenanis and agrees to pay to mortgagee w~th each momhly payrnent an add~~ional sum est~mated by mwtgagee to be equai to 1/12 of the annual cost of the follow- in~: A-AII real p+operty taxrs levied or assessed agai~~st thc above desvi~ed real estate_ 8-Prem;ums on fire and windstorm insurance as here~n requ~red to be carried o+~ the improvements situate on the above described premises. C-Premiums on wch mwtgage guaranty insurar.ce as mortgagee shsll from time to time deem fit ro tarry on the loan secured hereby. Mortgagee shall f~om time to time norify mortgagor ~n writing of the amount due and payable hereunder and such sum shall thereupon be due and 'E payable on the due date of the next month:y payment and each successive monih thereafter ur.lil rtartgagee shall ao~ify mortgagw of s change in such i amou~r. $uch sums sFall tx applied by mortgagee toward the payment of real property taxes, insurante p~em.ums, and mwtgage guaranry insurarxe { p~emiums. ~ IN WITNE55 1NHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Sgned, Seakd and delivered i~ the presence of: o-~- • ~ ~ Seah J~ T q g. an Dix e B. McG~e ~s~n STATE OF FLORIDA ~ St. Lucie u- COUNTY OF ~ Befwe rt+e perwnally appeared JO~ 2• ~~e and Dixi e B. ~1CCi@6 his w~fe, to me wetl known and known to me to be ;he individuals desuibed in and who executed the fwegoirg instrument, and ack~owledged befote me tfiat they executect the same for the purposes therein expressed. And the said Dixie g• ~e wife of the uid ' `~~e T• MC~alQ upon a sepstate and privst~ examinatro~ by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeM frcely end volun- rarity and wilhout any compulsion, constrai~t, apprehenesioun,~, fear of ot frwn her said husband. WiTNESS my hand and offic;al xal this '{T~ day of ApYii - A. D. 19 74 ~ Notary Public~and tor State of Florida af large ~ ' My Commiuion expires: ~ Q/ 3 0 Return To: Firat federal Savings d. loan Association . O( fo~t P~erce. . ~ ` ' ' ~ ' fi ~ Fo~t Pierce. Florida CQ~pEO ' _ ' ~i,~ - • FIIE~ ~E ~puNSY FtA• ~ ti' % , J``;~~ ~ gt.1.11C R POttR~S = : : _ . ; ° aK CIRGUIt COUft? - - . ~ This Instrument Prepared By J. H. RobeZts JY.C~E ~c~EO '~~'•`l~ VER ' First Federal Savings 8~ loan Association RECOR~ ~l~~ ~ ~ ~ ~ . - • - ,0 S . • ~ , : - of Fort Pierce~ RloYida ~ ~O 3 . ~ ' ~ - : » ~ . , `1 {i~I ? . - 1`\ , Checked By t ' 2'~ . . 0`S I ~o~K~~5 ~cE2948 - ' dz _ - - - - . S"Y' ^ ~y.~~~d,'~ " ~~i .E o 3s -SY~ ~~.,r 'e"Z ~k~ . . _ - .a~ _ . "~".n:'~`. -r. _ . ..-..,Y. . ~ _ .