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HomeMy WebLinkAbout2962 s 9. To plact and ccntinuously keep on the k,ui:d~ngs now a hereafter ~ltuate o~ said land and on ~11 equipmero ~nd penonallY covered by t6is mor~¢ ' ~ eg~, with all premiums ihereon p~~d in tutl, lire insurance in tM ususl standard poli;y 1am, in • sum approved by ?he MORiGAGEE, and winds~o~m ~nsurance in tM wual ~und~~d pol~cy fam.'in ~ sum approv~d by the MORTGAGEE, in ~uch compa^Y c~ co~?~P+^~es tM MORTGAGEE may _ di~ec~s ~nd a!1 fK~ and wir+dseorm inauce~ca policiet on any of said build~npi. a~y lnteresl tha~ein w parl thereof, in tht ap9re9~tt ~um ~fotesaid or in ~xceu ~he~eof. ~hall contain tM usual s~andard mortpagee cl~u?~ w ~uch o~har clavss a~ ~M Malpagee may rsquir~, maktnp tM loas unde~ ta~d pol~ _ c~es, esth ~nd every, paYable ~o said MORTGAGEE as ~ts interest may appear, snd each and every t~ch policy shall be p~omptly a~s.9ned and delivered to ' •ny held by ssid MOR~GAGEE ss fur~her secv~ity to said mwtyaQe debt, and, not less Ihan ten (~0) dsys in advanca of the exp'uation of each policy, to d~- t~ver to said MORTGAGEE a renewal the~eof, to~e~hN with ~ reteipt IOr thc prem7um 01 such renewal; and ~here shall be ra fire w windsio~m in~urinc~ placed on any of said buildings, any inte.eil therein w part thereoi, unless in the form and with Ihe los~ payable at afa~said; ~nd i~ tM event s~y sum ~ of mwwy becomei payable unda such poticy w policies said MORTGAGEE ~ha~l Fuve tht option to receive and ap~ly the same on accaun~ of ~he indebted• . nesa ~tcurtt! hereby or ro permit said MORTGAGORS to ttteivs and use i1 p any part lhereaf for othet purposes, wi~ho~t the~eb! we~vi,i9 e~ u~'Pa~'' : ing any equity, lien w r:ght undcr w by vir~us of this mortg+ge; ~nd in the ~vent said MORTGAGORS shall Ew any ~eason fai) to keep the said p~an~ses w~ insured, or fsil to deliver {xanplly any of said pol~ties of insur~~cs to said MORTGAGEE, u fail promptly to pay_ fully any pre~~ium therefor w In a~y respect fail to patwm, discharge, execute, ef(ect, complete, comply with snd abids by this cover+an~, a+nY pa~t hereof, iaid MORTGAGEE m+y p~+ce and pay fw such insurance w any pan tlxreof wi~hout waiving w affectinp any optiw?, lien, equity, or ri9hf u~der or by vi.tw of thi~ Mwtga9e. ~~d the • fvll amount of each and every such pay~nero thall be immediately due and payabla ~~d shali bear iMerest from the date thueof until paid at the rate ol nine per tentum per ann~m and to~ether with suth inte~est shall be secu~ed by the lien of thif mortgape. 4. To permit, commil w suffe? no waste, ~mpairment w deterioration of said property w ~ny psrt thereof. ~ 5. To pay all and sinyular th~ costs, charges +nd expenset. ~^dudinp a reasonable attaney's fse and tost• of sbstracts of title, incurred w paid at any time by sa~d MORiGAGfE, because or in the event .of ths fa~lu~e on tM part of ~M s~id MORTCaAGOR to duly, promptly and fully perform, d~xhar9e. } -xecute, effcct, complets, comply with ar+d ab~de by each and every the atipulat~ons, agreements, conditions. and covenana of said promiuo~y note and thii s mwtgage any w e~ther, and sa~d cosn, charges and expenses, each and every, shall be immediatety dve a~d payable; whe~he? o~ not there be notice de~ ~ mand, attempt to mllect or suit pending; +nd the full amouM of each and erery wch paymenl ihall bear interes~ from ~he date thereof until paid ~1 the ~ rate of nine pe~ centum per uu~um; and all said costs, chargea and expenxs inturred or paid, ~ogethe~ with such interest, shall be secured bY the ~~en of thi~ ~ matp~9R• # 6, TMt (a) in the eveot oi any lxeach of Ihis Mwtgage or deiault on tM pa~t of the fNORTGAGOR, a(b) in the sveM eny of sa~d sums of money herein rofcrred to be oot promptly aod fully paid within thuty (30) days next after the same sevcrotly become due and pay~ble, without demand w rwtice, . or (ca in the evem exh and every the stipulations, sgreements, condi~ions and covenanb of sa~d pran~ssorY no~e a^d ~h~s rt+atga9e any a ei~her are not ~ iufy. pramptly and iully pe~(amed, d~xharged. execured. effected. compleled, complied wilh a~d abided by. then ir? eithe? w any such event the said e¢ ~ gregate wm mentioned in ssid p?om~sswy rso~e ~~x~ remaining unpaid, with interest accrucd, and all moneys setured Fkreby, ~hall become due and pay- able lo?thwith, w thereafter, at the option of said NIORTGAGEE, as fully a~d comptetely as ii ~II of the said wms of money were wiginally stipulated to be paid o~ such day, anything in sa~d promissory r+ote w in this Matgage to the contrary norwithstanding; and thereupon w thereaitcr at the op~ion of said MORTGAGEE, withovt notice w demand, suit at law a in eqvity, therefore o~ thereafter begun, may be p~osecuted as if all monays secured hereby nad matured prior to iri institution. - 7. Ihat in the event that at the beginn7rg of or at sny time pending any suit upon this Mortgage, or to iaeclose iL a to reform it, w to enfwce paymem of any claims hercunder, seid MORTGAGEE shall apply to the Gourt having lurisd~aion thereof fw thr appointment of ~ Receiver, such Court shall forrhwith appoint a receive? of uid mo~tgaged property all and singular, includ~ng all and singular the income, profits, iuues and revenues from whatever sovrce derired, each and every of which, it bei~g expressly underatood, is hereby mortgaged as if spec~fically set forth and desu~bed ~n ~he y~aroing and ~ habendum clauses hereof, and such Receiver shall have all the b.oad and ef(ective funct~ons and powers in anywise entrusted by a Covrt to a Receiver, and f :~ch appointmenl shail be made by such Covrt as an admitted equity and a maner of absolute rigM to said MORTGAGEE, and without re(erence to the i adequaqr w inadequaty of the value oi the property morlgaged or to the sotventy or insoivency ot said MORiGAGOR or the defendants, and that such s renrs, profits, i~come, isaues and reve~ues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8- To duly, promptly artd fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, s conditions and covcnams ~n u~d ptomissory ~ote and this mortgage set iwth. ~ 9. That in ihe event the ownership of Ihe mortgaged premises, or a~y part thereof, betanes 'vested in a person other than t}~e MORTGAGOR, the f M.ORTGAGEE, ita successors a~d assigns, may, without norice fo the MORiGAOR, deal with such successor or successor in interest with reference to thia mor~gage a~d tix debt hereby secured in the same manner as with Mortgaga without in any way vitiating a dixharging the Mortgsgors' liability hera ~ under w upon tl+e debt heroby secured. No sale of the premises hereby ~nortgaged and no fabearance on the part of the MORTGAGEE or its successws ; or assigns and no extension of the +ime for the paymem of the debr here6y secured grven by the MORTGAGEE or ih succe:sors w aui9na, shall operate 1 to release, cischarge, modify change w affect Ihe original liabil~ty of the MORTGAGOR herein, either in wlwle a in p+rt. F 10. It is spec~fically agreed that time is of the esxnce of this contrad a~d that no waiver of any obligation hereunder or of the oblgation sr cured hereby shall at any time thereafte~ be held to be a waiver of the terms hereof or of the instrument secured herby. 11_ In add.+io~ ta the forego'rx~ month!y paymen~s of princ'pal and inrerest requ~red by the prom~ssory nore secured hereby, mortgagor cove~ants and agrees to pay to mo-tgagee with each monthly pay~nent an addiriona! sum est;mated by mortgagee to be equai to 1/12 of the annual cost of the follow- ing: } A-All real property taxes levied or auessed against ihe above described reaf estate. i 8-prem~ums on fire and windstorm insurar.ce as harein requ~red to be carried on the ~mprovements situate on the above described premises. ~i C-premium.s on suth mortgage guaranty insurante as mo~t9agee sha{I ~rom time to lime deem fit to ca!ry on the loan secured hereby. ~ ~ Mortgagee shafl irom time to time norify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ ~ayable on the due date of the next monthiy payment and each successive mo~th thereaiter urtil rtwrtgagee shall notify mortgaga of a change in such ~ t a rount. Such sums sF.atl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance = ~ premiums. . g IN WIiPJE55 YlHEREOf, the said MORTGAGOR has hereunto sef his hand and seal the day and y ar first af ewid. n ~ Signed, Sealed and delivered in the p?esence of: _ ~ t a~ : ~~~u~~E CW~ ' H. r. d ~ 'Cl ROGE~ ~~~i, Afi ~ ~ ' CIERK CIs'.C~~j . : - an ~ ~ RECG4i4 Y~R f:EO C. G. $l1yd8Z - Seaq - ' STATE OF FLORIDA ~Q 'O ~ t~~ st ~~~e 2'79Q82 - ~ couNn oF • Before me personally appeared H. T. Sny}er a~ C• G• Snyder his wife, to me well known and known to me to be the individuals described in and who executed the faegoirg instrurrKnt, and atknowledged before me that they executed the same for the purposes rherein expressed. And the said C• G• r,ife of the wid H~ ~~e! vpon a sepa?ate and private examinatio~ by me taken separate ared apart from her uid husband, stkrawledged to and before me that she executed said instrument freely and volun- rarily and without any compulsan, constraint, apprehy?s~oq, or fesr of or from her said husband. Y ~ Apr i 1 q, D. 19 74 WITNE55 my hand and official sesl this o day , _ ~ ~ij(~C/ ~ Notary Public in and fw the ate of F da at large ~ M Commiuion ex ires: n ~ Return To: • ~ Y P fi~st Federal Savings 3 loan Associatio~ " Of Fo~t P~erce. ~l ` • , ~r •.i; ~ ' ' Fort Pierce, florida S i' .,%i ~ ' ~ • r " ~ ~ , _ - This Instrument Prepared By RobeYt A. S~wisher JY. r First Federal Savings 8~ Loan Association = . ~ ' ~ ~ - RZorida ~ of Fort Pierce ~ ' ~ ' ~ '`~i~' , ~ ~ . Checked By y.. go~ 225 ~E 2956 ~ ~ - - Z _ _ t .a 7ex'a... `-€i . . .,x .'i': ~ _ _ ' ~ 2'-Y _-~"'-.e~`~ 1~~,7. '.i , T ~'~"y~ -C G~z^~^_ .:Z ' , . " ~~r~~ . _t ..z_ . ~ .