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HomeMy WebLinkAbout1951 ~ , 3. To pt~ce and cont~nvousiy keep on ~he bu~'d~ngs now or herea{ter s:fuate o~ said land a~id on alt et~uipment and persona~~y covered by this mw~g- ags, with all premiums ~hereon pa~d in luli. lire insurance ~n ~he uiual ~tandard policy torm, in a sum •ppro~ed b~ the ~10RiGAGEE, and w~ndstor inwrsnct in the uswl ~tandard pol~cy form, in • sum approtied by ~he MORTGAGEE, in iuch company o~ ca~Nanies as the MORTGAGEE r+++ direct; ~nd •II iire and w~ndatorm insurs~ts poticies on any of se~d build~nps, any interest therein or put thereof, inTha agg~ ~os~~u'nde?~isd,polf ~1• in excest thereoi, shall co~tain the usual standard mo~tgayee tlsuse ot wth other dause as ths Mortg~ge~ may ~equ~re. t~ass ned and delivered to r" ues, each and wery, payable ro seid MORTGAGEE a~ ~ts iroeret~ maY +PPe~~• +^d and every such po~~cy ihall be RranP Y 9 any held by se7d MORIGAGEE as further secu~~ty to ia~d mortyage debt, and, not leu than ten (10) dayt in advance of the expiiat~on oF each policy, to de- liver to tsid MORTGAGEE s renewal thereof, toge~her with a reteipt fo~ the {xemium of such renewal; and ~he~e shall be ~+o fire or winds~orm i~i~+~c~ ,t' placed on any of said build~ngs, any interest therein w psrt thereof, unleu in the to~m and with the lou p+Yable at at«esaid; and in Ihe event an sum uf monay becomes payable under such polity or pO~~cias said MORTGAGEE shall have the op~~on ~o receiva and apply the sanx a+ accoun~ of the indebted nets setured hereby a to permit said MORTGAGORS to reteive and uss it p any part thereof tor otner purposrs, w~thout ~h_r~u~ vvawu~g or u~~pair• J ing a~y equity, lien o~ right under a by virtue of this mo:tgage; and in the event w1d MORTGAGORS shafl fw any reason fail to I:eep ~he said prert~isas so inaured, w fai~ ro deliver promp~ly any of wid polrc~es of insursncs 1o said MORTGAGEE, or fail promptly to pay tu11y ~ny p~e~niurn therefw w~~ a~Y respect fail to perFam, discharge, execute, effect, complete, tomp~y with and abide by this covenanL a any part hereof, said MORTGAGEE may p~ace a~~d o fu I amounl of eachMa~d every such ~paYmem shell be aiv~~iaelyfd nandnpayableand shall~ubear ~nterest from the datevtl+ereofFun ~ pa df at9thesi deto nine pet centum pe~ annum and togethe~ with sutF. interesl shall be secured by the lien of this mortgage. I. To permit, commi~ or aufier no waite, impairment or deterioration of uid property a any parl thereof. ~ S. To pay all snd aingular the costs, chsrges and expenaes, incl~ding a reasonable attwney's fee and coats oI abstracts oi title, incvrre~ w pa+d s~ ~ any time by sa~d MORTGAGEE, because w in the event of the faifure on the part of the said MORiGAGOR to duly, pranptly and fu11y perform, diuharge, } execute, ef(ect, complete, comply w~th ar.d ab;de by each and every the stipulat~ons, agreements, conditions, and covenanrs of sa~d pra-n~ssory note a~d ~hii mortgage a~y w e~?her, and sa~d co~ts, cha~ges and expenses, each and every, shall b~ immedia~e~Y due and payable; whe~her or rwt ~he~e be ~o+~ce dc mand, attempt to colled o~ suit pending; and the full amount of each and every such psyment shall bear interes~ from the date ~hereot until paid at the ra~e of nine per centuir: per annum; and aU said costs, charges and expanses inturrcd w pa~d, together wuh such iMeresl, iAall be setured by 1he lien of this mortgage. 6, Thal (a) in tFro event of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) ~n the event any of sa~d sums of money here~n referred to be not promptly and fully paid wiihin th~rty (30) days next aSter fhe same severatty become due and payable, wlthout demand o? tw~~ce. or (c) in the evem each and every the stipulations, agreements, condaions aod covcnants of :a:d promiswry note and th~s martgage aoY o? erther are nw : ~u1y, p.omptly and fully performed, d~xharged, execured, eifected, completed, complied with and abided by, then in e~ther or any such event ~he sa~d ag ~ gregate sum mentioned i~ said promissory no?e then remaining unpaid, with inte~est accrued, and a!i moneVS secured hereby, shall become due and pa~- able fo~thwith, a thereafter, at the option of said h10RiGAGfE, as fully and completely as if alt of the sa~d sums of money were o~~ginaily st~p~lated to be paid on such day, anything in sa~d promissory ~ote w in this Mortgage to ~he contrary notwithsranding; and thereupon or fhe?eafter a~ the opt~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefwe or thereafter begun, may be proxcuted as if all moneys secured hereby ned matured pnor to its institution_ . 7. That in the event that at the beginning of or at any time pending any tuit upon this Mo.tgage, or to f«eclose it, w~o refwm it, or fo enforce payment of any claims hereunder, said MORTGAGEE shall apply to tlx Court having jur+~d~ction thereof fw the appointment of ~ Receiver, such Court shall fo,thwith appoint a receiver of said mor?gaged property all and singular, i~ctud~ng all and singular the income, p~ofits, issues and revenues fran whatever source derived, each and every of which, it being expessly understood, i~ hereby mongaged as if speufically set forth and dew~bed in ~he granting and habendum clauses hereof, and such Reteiver shall have sll ~he broad and effective tuncnons and powers in anyw~se entrusted by s~ourt to a Receiver, and s:,ch appotntment shall be made by such Court as an admitted equity and a mat~er of absolute righ~ ta sa~d MORTGAGEE, and w7fhout refere~ce to the adequacy or inadequacy of the value of the property mortgaged or 1o the so~vency w~nsolvency of said MORTGAGOR w the defendants, and that such re~+s, profits, income, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, prompNy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipvlations, agreements, conditions and covenanrs in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomcs vested in a person other than the MORTGAGOR, the 410RTGAGEE, its successws and a:signs, may, without notice to the MORTGAOR, deal w~th such successor or s~ccessw ~n interest wi~h re(ere~ce to this , mortgage and the debl hereby secured in the same manner as with Nlorlgagor withcut in any way vitiating or d~xharging the Mortgagors' liability he.e- under u upo~ the debt hereby secured. No sale of the premises hereby mo~tgaged and no torbearance o~ the part of the MORTGAGEE w~ss successors er assigns and no extension of the time fw the payment oi the debt hereby sec~red given by the MORTGAGEE or its successo+s or au~gns, ahall operate ~o refease, discharge, modify chan9e w affect the o~iginal Iiability of ~he MORTGAGOR herein, either in whole or in part. 10. It is speciF~cally agreed that time is of the esse~ce oF this contrad and that no waiver of any obltgat~o~ hereunder w of ths obligation se- c~red hereby shslf at any time thereafter be held to be a waiver of the terms hereof p of the iostrumem secured herby. 11. la addnion to the fwego'ng monthly paym=nts of princ pat and interest required by the prom~ssory no!e secured hereby, mwtgagor tovenams ~ i ar~d agrees to pay to mo:tgagee v.~th each monthly payment an add~rional sum esGn:a~ed by mortgagee to be equal to 1 j 12 of the an~ual cost of the follow- , "'9 - ~ A-All real property taxes lev~ed or assessed against the above descri5ed real estate. B-Prem~~ms on Fire and wir.dstorm msurance as herein requ:red to be wrr~ed on ~he improvements situate on the above described premises. C-Premiums on such mwtgage guaranty inwrar.ce as mortgagee shail frcm t~me to time deem fit to carry pn the loan secured hereby. ~ Mortgagee shail from t~me to time notify mo.tgagor in writ~ng of the amount d~e and payable hereunder and such sum shall thereupon be due and ~ ~.ayab~e on the due oate of the ~e:t monthiy paymero and each successive momh thereaiter urtil mortgagee shal~ notiiy mortgagor of a change in such ~ ~mount. Such sums sFall be app:ied by mortgag~e toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty iraurance ~ premiums. ~ IN WITNESS ~YHEREOF, the said MORiGAGOR has hereunto set his hand and seal she day and year r esaid. $gned, Sealed and detivered in the presence of: ~ an ~ ~ J - ~ (Seaq i Seal) ~ (SeaD ~ ~ ~ STATE OF FLORIDA ~ SS. COUNTY OF St I._~_C` j p ~ Befwe me personally appearcd ~orae Hall s"d Katherine ~ ~ his wife, to me well known and knawn to me to be the individvals dexribed in and who executed the foregoiru~ instrument, and acknowledged befwe me tha~ ~heY execuled ~he same for the purposes ~ therein expressed. And the said .~Y w~fe of the ssid George Hdll upon a separete and private ~ examinat~on by me taken separate and epart from her said husband, acknowledged to and befo~e me that ahe executed said inatrumeM freely and voluo- rarily and w~thout any cornpulsion, constraint, appre ~sioo, fear of or from her s~id husband. April WITNE55 my hand and official seal thi da A D. 19 7 - ~ ' , t.~ 1 ' ~ ) Notary Public in and for the St of F{w" et larga / i [ My C.omm~ssion expires: ;~i Return To: ~l h~ ~ ~ ~ First Federal Savings 3 loan A:~«~ar~o~ FILEO AHD r~E~~a~O ~X ` Oi Fo~t P:eice. St- lUC1E GOUNTY FLA. , , :`-`T~ ftOCER POITRAS C , , . ;y;, Fori Pierce, florida CLERK CIRCUIT COURT : ~:s~ RECOROYERIFIED - ~ - 9 5a Ab'Z~ t - Z~ 1, ; , ! ' . r = ` This Instrument Prepared By ,JohTl W . Col ll~ " ' " ` " _ , First Federal Savings 8~ loan Association ~ j, of Fort Pierce , Florida , , 28U4'79 . ~ . _ Checked By ~ ; ~ , _ , :~s~:,, 0 p ~6 PAt~ 1~~ d00A ; . - - - - _ _ - _ ~ - _ _