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HomeMy WebLinkAbout1082 f 3. To plac~ +nd coni~nuous~Y keep c^ the bu~:d~ngi ~sow a hereafr~r ~ituate on said ~and and on +11 equ~p~*+e^t +nd Perwnally tov~red by thii mat~ s9s, wi~h •II premiums ~htreon p~~d in full, fire ins~ranc~ ~n the usual s~andard po~icy form, ie a sum approved by ths MORiGAGEE, ar~d windstwm fnsuranc~ in ~Fw uswi Na~xlard po1~cY iam, ie a sum approved by iM MORiGAGEE, in iuch tompany w tanW^~~s MORTGAGEE may = diretli u+d all f'ue ~~d wie+dstorm insuronce policies on any of said build~nys. ~ny 111ftf~S1 IFI!l~If1 01 pifi ~IK(~Of, in tht sy9rep~t~ wm alw~s+~d oe in excess ~hereof, shall contain th~ usval standard morega9e~ clauae or such othe~ c~auss a~ tM MatgagN may reqv~re, makinp tM loss unde~ sa~d po~i~ uee, each and evay, payabfe to said A~ORTGAGEE as ~tt intrre~t may appear, a~~d each end every wch poiicy sh~ll be ptompt~Y +ss 9~~ed a+~d del~vered ~o any held by sa~d MORTGAGEE ~s iwlher securify lo said mortya9e debt, and, not les~ 1ha~ ten (10) days in advance ot the expiralion of each policy, to dr I~ver to iaid MORiGAGEE a renewal thereof, toge~hrr wirh a rr!e~pt fw ?he p:r:niurn oi such re~ewaf; and Ihere th~ll be no fire or winds~orm in~ur~nte pleced on any ot said build~ngs, +ny in~erest therei~ or pa~t ~hereof, unless in tha form and with Ihe tou payable as afwesaid; a~+d ~n 1he e~e^~ +^Y sum ~ of money becomes p+yable unde~ such policy a polici~s ssiJ MORTGAGEE shall have ~M opt~on to receivs end apply ~hs ssme on +cca+nt of ths indeb~ed~ ness secured heteby o/ to permit uid MORiGAGORS fo recrive and we it p any pa~t the:col io~ othrr pu~poars, w~thout Ihr~eb/ waivi~y w~mpair- ;ng any eq~ity, lien or right unde~ w by virtue of this mo::ga9e; and Fn the event u:d MORTGAGORS shall fa any reaso~ fai) to keep 1he said p~emises so inwr~, or fail ro deiiver prompdy sny of sa~d polKlei oi insurance ta aa;d MORTGAGEE, w fai! promptly to pay fully a~y premium therefw o~ in ~ny ' reepect fail b pafam, discharge, eaecute, e~Fect, comple~e, compiy wiih snd abide by this covenant, w any pa?t he~eof, said MORTGAGEE may p~ace and pay (or such in~urance a any part thereof wi~hou~ waiving or a(feUir~ any opi:on, lien, equitY. or ~igh~ undsr or by virtue oi this Mor~pa9e. +~d ~ht , f.~ll amou~t of each and evcry such paymant shall be ~mmediatety due and payable and shall bear interest from 1he date thereof un~il paid at ths rate ol •~~ne prr centum per annum and to~r~he~ with such intereit shaii r.e secured by the lien of th~s mortgage. 1. To permif, tommit a sufter no waste, impai~mero or deteriorat~on of said propcrty or any pa?t thereof. , 5. To pay all and singular the cwts, chuges and expenses, tnclud+ng a reasa+ab!e attorney i fee and coits of sbstracts of title, incv~red a paid at nny time by seid MORTGAG:E, bccause or i~ the event of ~he ta~iure on the pan of the said MORTGAGOR to duly, promptly and (ully perfam, d~uhargs, execute, etfect, comptete, canp~y with and ab:de by each and eve~y the stip~lanon~, agreements, conditions, and cove~ants of said prom~ssory ~ote and this n,orrgage any w eifher, and said costs, charga and expenses, each and every, shall be immed~ately due and payable; whether or not there be notice de ~nand, attempt to collett or suit pend;ng; and the full amount of each and every such payment shall bea~ interest from Ihe date thereof w?1il p+id ~1 fhe rarr cf nine per tzntum per annum; and aU saed cos~s, cha:ges and e+~e.enses ~~c~~rrd or paid, together with such iNerest, ahall b~ tecured by the Iien of thu mortgage. 6. Thal (a) in the event of any breach o( thi~ Mortgage or defautt on the part of the MORTGAGOR, a(b) in the event +ny of said svms of money herein refer~ed ro be not proa~ptly and fully paid within 1holy (3~) days next aiter ~he same severally become dve and payab4, withoul demand o~ rwlice• ' or (c) in the event each and every the stiputatiau, agreements, cond~tions and cover.ants of sa~d p~anissory no~e and th~s mwtyage any w either are not i~.!y, prompHy and fully performed, d:schargrd, exec~ted, eifected, ca~npteted. :o•::plied wi~h and abided by, then in eitber or any suth evero ths sa~d ag g•egate sum mentioned in said promiuwy note then rema~r.ing unpaid, wiM intere,t accrued, and all moneys setvred hereby, shall betome due and pay- en~e forthwith, or thereafter, at the option of said MORTGAGEE, as fuify a~d comp!e+ely as ii all of 16e said sums of mooey were originatly sliputsted tc, h~ p.,;d on wch day, anythir+g in sa'd promisswy note or in ~his Mortgaye to the co~~rary notwithst6nding: and therevpon or thertafter at the option of sj~:i MORTGAGEE, wifhout notice or demand, w~l at Iaw w in equNy, theret~.e or ttureaiter begun, may t~ proseculed as,~f sll moneys secuted heteby r,,d maWred pno~ to ils institution. ' 7_ That in the event that at the beginning of or at any i~me pending any su~t upon ihis Mortgage, or to foreclose if, w to refwm it, or to Mforce paymeN ol any uaims hereurd~r, said A1vRTGAG`: shali ~pply ~o tne Coun hav~ng ~u•~sd:ctiun thereof (or the appointmenl 01 s Receiver, suth Court shall 'r~,,hw~rh appoint a rece~~rr of said mo:tg.jqed prc~:ty al~ and si-:g~:a., ICCIUC~•'i~ aii and singular the income, profils, iuues and revtnves from whatevt~ ,~ce derived, each and every of wh~ch, ~t bemg _apress:y ~~dc~stecd, ~s herrby mertgaged as if speciiically set forlh and deuribed in the granting and 1.3!,endum ciauses hereof, and suth Recerver shall ha~e alI the broad and ef:ecti~e func:.c~~s and powers in anyw~se entrusted by a Court ro a Reteiver, and s. ch appoinrment shalt be made oy s~ch Ccur1 as an admittt~d eqv~ry and a n-atter oi absol~te right to said MORTGAGEE, ~nd without teference to fhe adeyuaty or inadequacy of the value of the p~cper~y mortgoged or to the so.r:-nty or ~~~sotvency of said MORTGAGOR ot the defendants, and that avch r~~~+s, profits, income, issues and :e.enues sha11 be applied by such Receiver accord~:~g to the lien w equity of said MORTGAGEE and the pradite of such :..ourt. B. To duly, promptly and fully pe?form, d~xharge, execute, effect, complete, cen,ply w~th and abide by each and evNy the sfiputatiwu, sgreeme~ts, :~nditions and covenants in se~d prom~ssay note and this rt+ortgage set foeth. 9. That in the event the ownership of Ihe mo~tgaged prrmises, or any part tncreof, Eecomes vested in a perwn other thsn the MORTGAGOR, the :'~RTGAGEE, its wcceuon and aasi3ns, may, w~thout notice to the MORTGAOR, deal w~th such successw or successw in iMerost with refereoce to thia r:~o•tgage and the debt hereby secured in ?he same manne~ as w~th Jdortyago~ witF~ut in any way viliating w d~schargirg 1he Mort9ago?i liability herr ~.••:der or upon the drbt hereby se:wed. No sa~e of the prem~ses hc~eby mortgaged ard Ro fabeara~te oo the part ol the MORTGAGEE or its sutcessors cr ass~g~s and no ex~ensioa of the time for the paymero of the debt hereby sec~red ywen by the MORTGAGEE or its tucceuws or assigna, ahsll operate . P... d~~rharnc. modifv chanae or affect the oriqina! tiability of ~he MORiGAGOR lxrein, either in whole a in part. . 10. If is specificaily agreed that time is of the essence of this contract and that no waiver of any obligatipn htreurder w of the oblig~Yan se- cured Fw:reby shalt at any time thereafter be hetd to be a waiver oi the terms hereof or of the instrument setured he?by. 11_ In a:Id 'o tne ForegO'~~g mor.t~:y ~;ay.ncnfs of p:i ~c ;:al and inte:est requ~:ed by the promissory note secured hereby, mwtgagor eovenants ~ d agr~es to aay to mo~tgagee wiih each rc~•h t p-3f~..ent an add~r.ona! sum cst r:.ated b/ mwtgagee to be equal to 1~12 of the anoual tost of the follow- 3 ~ A-Alt rea! property taxes ievied o+ assesscd agai~~st thc above desv~~ed reaf esra~e_ . B-Pren-~u:ns on fire and w~r.ds:orm msurarce as here~n req~'~e~ 1o be ca:r~ed on the improveme~ts situate on the above described premises. C-Preml~ms on Such mortg;ge gua.a•,ty inwra.,ce az mc-~_y.~gee sh~!! trcT r:me to time deem fit to carry on the loan secured hereby. Mwtgag?e shai! from r~me to time no~ify me~tgagor in w.~Gng of ~ne an~o::nt dve and payable hereu~de~ and such sum shall thereupon be due and , ah'.e on the d~e date of ihe next ~nonih:y payme:~t and each su-cesswe month !he~eafter until mwigagee shall nofify mortgagor of a thange in suth _ ouro. Such sums sF.a;i be eppiied by mor!gagee totia-d the Pay~nent of real property taxes, insurarxe p?em:ums, and rtwrtgage gva~anty insurance .~~e~~~.iums. IN WITNESS WHEREOF, tne sa~d MORTGAGCR has hereunto set his hand and seal the day and esr fi st sf esa' Sig~ed. Sealed snd delivered in the presence of: aQ i,i.~ YI . 1Cd .1 s~n - esa onica ~a~ 5'ATE OF FLORIOA u. ~OUYTY OF St. Lucie ~ Befwe me personalty appeared ~Y 1 T. Tomiea Jr • and Theresa Toniea his wife, to me well known and known to me to be ind~viduals desa~bed in and who executed tF~e fo~egoing instrume~t, and acknow:edged before me that they executed the same fer the purposes rherecn expressed. And the said Theresa Toaiea :::~e of the uid - ~r1 T• =o~aiea Jr. _ vpon a separate ar?d privst~ eraT,~nation by me taken separate and apart from her sa;d husband, atknowledged to and before me thal she exetuted sa7d instrumeM frcely and voluo- a~,iy and wiihout any compulsian, constraint, apprehens,on, or fear of or from her said husband. 1YITIhE55 rny hand and official sea) this_~- 3Yd _ day of ~y A- 19 74 ~ 7 f ~ Notary Public in and fw ihe te of Florida Lar M,, c~,;~,;o„ ~xp;,~: ' ctober ~O, ~97(~ - - ~ ~ Return To: ~ ~;rst Federal Savings a loan Associat~on - 04 Fort P~e:ce. ~ Fort Pierce, Florida f~~ REgQ~ f~.~1~~ CD~w{Y ~ _ , ~ . roitR?~ ~E ~nC,W~ ` • r . C~fRR W ~r " This InstrumenT Prepared By RobeYtS ~R;FIER ~ ~ ~ c; f; ~ ~ : First Federal Savings ~ loan Association ~ - ~ ' _ ~ 13 8 z~ ~M of Fort Pierce ~ Florida 33450 - ~ • - 1..v\y Checked By • 4~4 ' ~ ~ dooK 22? ~~E 1080 ~ ~ dz _ . , - ~ - - ~.r ~ -w;.~