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HomeMy WebLinkAbout0081 3. To piece and continuously keap on ~he bu~'du•gs now or t~ereaite? s~wate on sa~d ~and and on all equipr.~ent and persona~ly tove~ad by ihlf mortg- ++yc, w~~h all prrmiums thereun ~a~d 1uii, Lre insura~ur ~n the uwat ~iandard .po~ity form, in a sum approved by the MOR~GAGEE, and w~ndstorm fn~urance in ~he usual ~tanda~d po~.cy ~orr, in a aum approvzd by rt~e MORIGAGEE, in such canpany or compan~es aa the MORiGAGEE may ciirecl; and all lirs and windstorm ins~rance palicies on any of sa~d bu~~d~ngs, any imerest therein or part thereof, in the aggreg+~e sum ato~esaid or ~n eaces~ Mereof, shall conea~n ~hs usual s~a~~dard ma~~gagee dausa or such o~he+ clause as ~he Mo~tgagee may ~equ~ro, ~na?~~ the loa~ unJar sa~d pol'r c;es, each and every, payable to sa~d MORTGAC•EE as its in~eres: may eppear, and eac~ and e~ery such poilcy shall be prompUy ass gned and de!i.ered ~o any he~d by sa~d MORiGAGEE as iunher sew~ity to sald mortgaya drbt. and, not less than ten (10) days in ad~ance of the exp~rat~on of each policy, to de- live? to ssid MORiGAGEE a renewal thereof, toge~her with a re:e~pt fw the p~amium of such renewal; and there shalt 6e no f~~e or windtiro~m insurance plsced on any oi sa~d bvildings, any interest therc~n w part thcreof, unlcis in ~he (orm and with the loss payabte as aioiesaid; and in the event a~y s~m of money bccanes payable under such poiicy a po~~cies said MORTGAGEE sh~ll have ~he opNon ro rece~ve an~ apply the same on account ot the indabtaa- ness fecured hereby w to prrmil sa~d MORiGAGORS Io ~eceive and use i1 0~ any parl lhereof for otncr pu~posrs. .v~thout th=reo~ .va~.~:~~ o~ u~~pa~*• irg any equ~ty, lien or righl unde~ or by virtue of thi~ mo-'yage; and in the event sa~d MORTGAGORS shall (or any rea~on fail to keep the said pre~ni~cs so insured, or }ail to de~iver prornptly any of said pol~ues of insurance to said MORTGAGEE, or fail promptly to pay fully any p~e~n~~m theretor or in any resped fail to perfam, discha~ga, exec~ra, eftect, complete, cort~ply with and'abide by this covenaN, or any part hrreof, said MORTGAGEE may p~ace a~~d pay for suth insurance o~ any parf lhercof w~thout waiving or af(ecting any option, lien, equity, or right under or by virtue of fhis Mortgage, and the full a~nount of each and every such payment ihall be immediately due a~d payable and shal~ bea~ inte~est from tha date thereof until paid at the rate o1 n:ne per cent~m per annum and together with such i~uerest sha{I tx s~cured by tM lien of this mortgagt. 1. To petmit, tommit or suffer no waste, impairinent or detrriotation of said property w any part thereof. 5. To pay all and singufar the costs, charges and exper.us, ~ncluding a reasor~able attaney's fee and costs of abstracts of title, incurred or pa~d at eny ti~ne by said MOR1GAGff, betavu or in ~he evenl ot the faiture on the pa~t of the said MORTGAGOR to du~y, p~omp~~Y aru! fully pe~(orm, d~scharge. execute, effeu, complete, comply wnh and ab de by each and every ~he slipulanons, agreements, conditions, and covenants oi seid promiswry note atid this mortgage any or e~~her, and said costs, charges and expenses, each end every, shall be immediately due a~d payabte; whether a not there be notice dr mand, atiempt to collect or suit per.~~~ng; and the full amount of each and every such paymeN shall bea. interest from the date thereof uNil paid at Ihe ;:rte oi n]ne per ccnturr~ Ewr ann~:n; and all sa~d custs, charges and ex~nses incurred or paid, ~ogether w~th auth interest, ahall be secured by the lien of thls mortgage. 6. That (a) in ihe event of any breach o( this Mortgage or de(aul~ on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money ~ herein referred to be not pro~,pdy and fully paid within thirty (30) days next after the same severatly become due and payable, without de~nand or notice. , or (c) in the event each and every the stipulations, agreements, conditions and covenanta of sa~d prom~asory note and th~s mortgage any or either are not i S i~ly, prompdy and fully performed, d~schargrd, executed, effected, completed, complied with and ablded by, then in e~ther w any such eveM the ~a~d ag s gfegate sum rnentioned in said promissory note then remaining unpaid, with interest atteved, and aN moneys secured hereby, shall betome due and pay- :s ab,e forthwith, or rhereafter, at fhe opc~on of said MORTGAGEE, as fully and completely as if all of the said sums of money were w~ginally st~pulated 3 ro be pa~d on such day. a~ythi~g in sa:d pranisswy note or in this Mortgage to Ihe co~rra.y notwi~hsranding; and thereupon a thereafter at ~he op~ion of sa~d MORTGAGEE, v~ithout nonce or demand, suit at law or in equity, therefore or thereafter beg~n, may be prosecuted as if aIl moneys secured hereby - n,:d mawred pnw to itf instit~t~o~. 7. lhat in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, or to fwedose it, or to refwm it, or to enforte payment o( any ciaims hereunder, said tAORTGAGEE sha!1 apply to the Court having ~urisd~uion thereof for the appomtmeN of a Receiver, such Court shall r F~-ehwith appoint a receiver of said mortga9ed property all and singular, includ,ng atl and singular the income, prof~ts, issues and revenues from whatever ¢ s. vrce derived, each and every of wh~ch, it be~ng expressly unders~ood, is hereby mortgaged ss if specifically ut forth and desuibed in tht granting and r~bendum dauses hereof, artd such Rrceiver shail have alt the broad and efiecuve funcnons and pc~wers in anywise eNrusted by a tourt ro a Receiver, and s.:h appaintment shall be made by s~ch Cou~t as an admitted equity and a matter of absolure r~ght to said MORTGAGEE, and witho~t refrrence to the .:~eq~acy or inadequacy oi the value of the property mortgaged or to the so~vercy o~ insolvency of sa~d MORTGAGOR or the deiendants, and that wch renrs, prof~ts, income, issues and revenue: shall be appiied by such Receiver atcord~ng to the lien or equity of said MORTGAGEE and the practice of such Cou~t. ~ 8. To d~ly, promptty and 4ully perform, d~scharge, ezecute, eifect, comp~ete, comply with and abide by each and every the stipu:ations, agreements, :onditions a~d covenams in sa~d promisswy note acxl this mortgage set forth. a 9. That in the event tFe ownership of the rnortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ' '.'~RTGAGEE, its successors and ass~gns, may, withoui notice to t~e MORiGAOR, deal with such successor or successor in interest with reference to this o•rgage and the deb~ ~ereby se:ured in the same manner as with Mortgagor w~thout in any way vit:ati~g or d~uharg~rg the b~crtgagon' liability tiere- ~•~der or upon the de6t hereby secured. Ivo sate of the Frem~ses hereby morlgaged and no forbearance on the pan o~ ~he MORiGAGEE w its succeisws cr assigns and no earens~on of the t+me fw tne payment o4 the debr hereby secored given by the MORTGAGEE or its successors w ass~gns, a~:all operate ro re~ease, dacharge, modify change w atfect the originat I~an~llty of the MORTGAGOR herein, eithe~ in whole or in parl. 10. It is spec~fical(y agreed that t~me is of the esser.ce of this coNract and that no waiver of any obl~gation hereunde* w of the obligation s~ c.,~ed hereby shali at any time fhereat!er be held to be a waiver of the terms hereo! or of the instrumeM secured herby. ~ 11. In add t:en to the forego ng monthly payments of princ pal and interest requ~red by the promissory no!e secured he~eb f, mortgagor tovenants ~ d agrces ro pay ro n:orryaqee w~~h each moiithiy pay~nem an edd:cional sum esf'.mared by mortgaqee to be equai to 1 j 12 of the annual cost of the follow- i i ~ F A-All real property taxes (e•.ied or assessed agai~st the above described real estate. j B Pr.^:~u ~n on fre and windstorm insuracce as ~ert~n ~equ~red to be carried on the improvements situate on ti7~above desuibed premises. C-Premiun-•S on s~ch mortg3ge g~aranty ~r.surar.:e as mo-tgagee shall from. t~me to time deem fit to carry o~ the loan secured hereby_ ' Kortgagee shail from nme to t~me not~fy mer~gagor in writ~ng of the amounr due and payable hereunder and such aum shatl thereupon be due and ~ : s;able on the due date of ~he rtext month:y payment and each svccessive mo~th thereaf~~r uctil mertgagee sha!1 notify mortgagor of a change in such ~ ;~.ount. Suth sums she!i be appiied by mortgagee toward tne paym.ent of reat property taxes, insura:~ce prem,ums, and mortgage guaranty insurance n'ernium3. ~ IN V~ITDJE55 ':1HEREOF, the said MORTGAGOR has hereunto set his ha,:d and s~al the day and year first aforewid. r gned e nd d~live in presence of: ~ / ~ ~ ~ c~ ~ ~'~T~s./L~ l5eah r ~ RiChard Vickers (5en0 ~ - . . . ir ~ ri Q Q p e~.. (Seaq ; LJ - Q-[~L~1i (SeaQ ~ s~ATE OF FLORIDA ! Rosa Bell Vickers ~ ~ C:.UlJTY Of S t. Luc ie i~ ' ~ ~ Before me perwnally appeared i?f rha rd Vi rlror ~ ' T - and ~ ~ ROSd Bell Vickers his wife, to me we~l knqwn-and kno;Nn to nie to be ~ ``Y~c' rhe individuats descr~bed io and who executed the foregoing instrument, and acknowtedged before mt that they exe4v?ed.ti+e•sent~for_flxx purposes ; ~ the~ein expressed. And the said Rosa Bell Viekers ~ r~~fe of the ~a~d _ R ichard Vickers - =~upon a se~arate ina private examinarion by me taken separate and apart from her said huaband, acknowledged ro and before me that she exetvted%ssi~ip~WmMT f~eely a~! votuo- ~ ra-~iy and w~thout any compulsion, constraint, apprehens~on, or fear of or from her said husband. ' ' , / _ ~~'f'~ _ da ~ t . ' a~ ~9 ~~i WITNE55 my hand and official ieal thisy o uf ~ - • • `.~f Notary Public in and fw Ihe Staj L Ft~ti~••~~ ge : ~,:y My Commission expires: i 'a Rerum Ta: MOTARY POBLIC, STAtE M FLORFBJk d lAR6E ~ Fint Federal Savings d~ loan Associat~on MY CUMIMISSIOM D(PIRES SEPT. 25, 1975 ; - Of Fu•t P;e:ce. ~ ~ ~~s 1~~ ~ Fort P~erce, F!ciida _"3 F lE0 ~NU RECOit~EO ~ 5{,~UC1E COUN~ u- ~ ` This Instrument Prepared By Gary F, Ellr?ood ~pGEF+t~~TR1?s s First Federal Savings 8~ loan Association G~ERlt C~l~~~t COtl~t of Fort Pierce , F1oZid3 33450 RECCRGYfRlfiEO~"~ t ~ 1 t 9~s i~t'T~1 Checked By _ ~oe~ 2~'f vacf ~1 ~~3 ~'7~~.8~ - ~ . i - - - - _ _ ~ ~ ~ _ ~ ~~.u_~_. . w- . _ _ . _ _ .