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HomeMy WebLinkAbout2084 3. To plac~ •nd con~inuou~ly keep on tM bui:dings now a hereaf~er ~itu~t~ on said land a~d on all equip~nen~ end penonatly cov~red by thi~ ma~9- sge, wilh ~11 pemiums ~hereon pa~d in full, fira insur~nce in Ihs ususl •iandard policy (am, i~ a sum app~ovsd by the MORiGAGEE, and wind?torm ;nsurantt i~ th~ ~sual standa.d po~~cy ~wm, in • sum ~pproved by the MORTGAGEE, in s~ch compa~y or compa~~es +s ~M MORTGAGEE may d~rectj a~d all fire a+Kl wir?dstorm inwronce polkirs on any of said build~n~s. ~ny in~ero~t ti+erein or par~ thereof, in ~ha ~~yregst• s~m afaesaid a in extess thereof, shall contain the ~sual star,dard mat9ages clausa w such o~her tlauss as tM Mor~9a9e~ ^~°y ?°q~'~e• ^N~'^0 ~h° ~o~s u~de~ said poli~ cie~, each and evay, payab~e to itid MORTGAGEE ~s its iniera?t may appear, and each and eve.y auch po~icy shall be p~on+p~~Y +ss g~cd and delivered ~o eny held by seid MORTGAGEE as further iecurity to uid mortpage debt, and, not less than ~en l10) days in advance of ~he expiration ot each policy, to da liver lo said MORTGAGEE a renewal thereof, Ioge~ha with a rece~p~ ~or ~he Wemium ot such renewal; and there shall be no f~re o? windtlo~m inturanc~ placed o~ +ny of said buildings, +ny interest therein u part thereof, unless ~n +he form and with the lou payable as afwes+id; ~nd in the event any sum of money becanes paYabte unde~ such policy a polkies sa~d MORTGAGEE shall have ~he optwn ro receive and appty ths same on accoun~ ot ~hs indebted~ neia secu~ed hereby o? ro pe+mit ~aid MORTGAGORS ~o raeive and uu it w a~~y pa~t the:eof ior oii~cr pu~poses, w~~hout th:rcu~ waiv~ng or ~mpair• ireg any aqviy, lien a«ght undcr o~ by virtue of this masgsge; and in Ihe even~ sa~d MORTGAGORS shall tw any reason fail lo keep 1he said premisrs ao _ imured, or fail to de~~ver promptly sny of said policies of in~urance to seid MORiGAGEE, w fail promptly 1o pay fully a~y premium therelpr o~ in a~y e respect fail ro pafwm, diuharqe, execute, effeU, completa, comply with and ab~de by th~s covenant, w any part hereoi, said MORTGAGEE may p~+ce anti ;.r. pay fw such tn~urance o~ any pa?t thereof w~shout waiving or af(ec!ing any opt~on. lien, equity, or r~gh~ under or by vir~ue of ~his Mwtgage, and the f~11 amount o( each and every su~h payment shall be im~nediatety dw and pavable a~~d shall Aaar interes~ irom the date thereof until paid at the rate oi :une per cantum per an~um and to~rther with such inte~est shalf Fx secwed by the iien ot thii mwtgage. 1. To pe~mit, commit or suffer no waste, impairment or detrr'wration of said property w any part ~he?avt• S. To pay ail ar+d singulsr the costs, chargea and expcnses, including a reasonable atraney i fee and costs of abst?ads o~ title, incurred w paid at any lime by said MORiGAGfE, because or in the event of the failure on the pa~t of the said MORTGAGOR to duly, promptly and fuliy perfwm, d~uhargt. execute, e(ied, complete, comply w~th a~d ab:de by each and every the stipulations, agreements, cond~tia~s, and covenanti of said promissory note and this ~ rr,ortgaye any a either, and said cosn, chargd and expenses, each and every, shall be immed~ateiy dve and payable; whe~he~ w not there be nolice d~ mand, attcmpt to collect w suit pe~ding; and the full amovnt oi each and e~ery such payment shall bea~ interesl from the date fhereot until paid a1 ~he r:,ie oi nine per centum pe~ anuum; and ail wid costs, charges and expenses ~ncvrred or pa~d, together wdh wch inte~est, shall be secured by the lien of thii mortgage. Q That (a) in the event of any breach of this V1o~tgsge or default on the part of the MORTGAGOR, or (b) in the eve~+t eny of said sums of mo~+ey herein referred to be not promptly arx! tully paid within th;rty (301 days ~ext a+ter the same severafly become due and payable, withoul dem+~d or rwlice. cr {c) in thr evem each and every the stipu'a~ions, agreemtnts, co~+ditions and covenants of sa~d p~aniuo~y note a~d th~s mortgage any w either •re nol iuly, pranptly and ~ully perfwmed, d:xharged, executed, effected, comµ~eted, compi~ed with and abided Sy, then in either or any such event the Nid sg g-egate sum mentioned in said promiuwy note then remaining vnpaid, with intere;l acuued, and a~l moneys setured hereby, shall become due and pay- ab'e forthwith, or thereafter, at the option of said MORTGAGEE, as (ully ard comptetefy as if all of the sa~d sums of money we~e org~nally stipu:ated ~o be pa;d on such dsy, a~ything in sa~d prom+sswy nme w in this Mwtgage to the cororary no~withstandi~g; and thereupon w thereafter al the option oi se;d MORTGAGEE, without notice o~ demand, svit at law or in eq~ity, the~etore or thereaf~er begun, may be p+osecused as if all monrys secured hereby r. ~d matured pr~or to its institvtion. 7. That in the ever~ that at the beginning of w at any time pending sny su~t ~pon th~s Morrgage, or to foreclose it, or to refwm it, or to enforce paymeN of any daims hereunder, said A10RTGAGEE shall apply 1o the Court heving iur~sd;aion thereol iw 1he appantmenl of a Reteiver, suth Court shall forthwirh appoint a receiver of said mcutgaged proExrty all and singular, inc:vd,ng ell and a~nyular the income, profits, iswes and revenves from whatever sovrce derived, each and every of wh~ch, u being eapressly ~nde~stood, is hereby mortgaged as if specilically xt iwlh and deuribed in the granting and habendum clauses hereof, and such Receiver shall have afl the broad and effecfive f~r.ct:ons and powe~s in anywise entrusted by a Courl to s Receiver, and s..h appoinrment shalt be made by such tourt as an admitted equity and a nat~er of aDSOlute right to said MORTGAGEE, ~nd without referente to the edequaty or ~nadequacy oi the value of the property mortgaged or fo the so~vency or ~nsoivency o( said MORiGAGOR p the defendants, and that such r.~•,n, profiu, income, issues and revenues shafl be ap;.Ged by such Rece~ver ac:ord~~~g ~o fhe lien a equity of,said MORiGAGEE and the practice of such COUf1. ' ( 8. To duly, promptly and ~ully perform, discharge. ezecute, ef#ect, compiate, co~~tN~y wl~h and ab~Je by each and every the stipulatio:u, sgreements, i conditiona and covenants ~n sai~ Qromissory note and this mcrtga~e set forth. 9. That in the ever.t the ownership of the rr.o:tgaged pre~~ises, or any part thereof, L•ecomes vested in a perwn other than the MORTGAGOR, the h' ~RTGAGEE, its succ~ssors and ass~~ns, may, w~~heut rotece to ~he 1NORTGAOR, deal ~x~:h wch successor ot successw in iMerest with referente to this n u•tyage arid the debt hereby s~cuced in the same man~er as wnh Murtgagor without in any way viliating or d~scharging the Mortgagors' lisbility here- ~nder or upon the debt hcreby securrd. ~:u sole of tl:e Frem~ses h~•reby +r.ortgaged ar.d no iorbeara~ce on the part of the MORTGAGEE or iri successort G e51~~~15 and no ex!e~s~on of the time fo+ rhe pryR•ent oi the debt h~~eby secured given by the MORTGAGEE or its successors w assigns, shall operate :o re±ease. d~scharqe, mod~fy cFwnge or aFfect Ihe or+g~nal liab~t~ty of the MORiGAGOk herein, eifher in whole or in part. ; l0. It is spec~fically ag~eed that time is of the esse~ce of tt~~s contract and that no waiver of any obiigation hereunder or of the obligaf'wn so- i c~red hcreby shafl at any time thereafter be hetd to be a waiver of the !erms hereof or of the instrument secured herby. i 11. In aJd,r.o:~ to she forego~ng month:y payn,ents of pri .c pal and in~erest requ~red by the promissory nore secured hereby, mortgagor eovenanfs d agr~s ro pay to m.ortgagee r.nh each ma.~h~y pa!••:eut an add;rionel svm ~-s'~n:oted by mortgagee to be eq~al to 1%12 of the annual cost of the follow- 1 A-Ai~ rea1 property taxes ievied or assess•;ti agair:st the above descr~bed rtal estate_ B-- Prr~r,:u~r.s On fre and windster~n [r.wrarce as here~n mqu:red to be carried on the improvements situate on the above dsscribed premises. ; C-Premi,,ms on wch mortgage gua~antv icsurar.ce as mert~agee sha~l !rom t:me to time deem (it fo carry on the loan setured hereby_ i M.ortgagee s~a't from ~1me to t~~r•e ~cr~f~ mortgagor ~n wri?Ing ot the amount d~e and payable hereunder and such sum shaH there~pon be due and ,.~bfe on the due date oi ~ha ne,et month:y payment a,id edch wccessive monfh thereafter ur.til matgagee shalt notify mortgagor of a change in such ~ a,,a~nt. Such sums aha11 be applied by mortgay~e toward tf~e payment o{ real properry taxes, insurarxe prem.ums, and mortgage guaranty insurante ,..~..n~ums. IN WITPJESS WHEREOF, the a~d NORTGAGOR has hereu~to set his hand and se31 the day and year ' st aforesaid. 5~oed, Sealed ~nd deliv r in the prese of. ~y " / C C. / ` ~'h" /i'' ~s an S am . oss, a sing e a u an - ~ ~ v - - ~-n w i t ne s s rseaq i S? A~ E OF FLORIOA ~ ! SS. ' ':~;i!aTY OF ~ Before me penonaliy aP~a.ed Ja~nes '1 t~oss a single adult anti ----------------------------------------------~'fi1!'1A7fl, to me well known and known to me to be tl~e indiriduaf describrd in and who executed the Eoregoi~g instrument, and acknowledged beforc me ~hat he executed the same for the purposes rh.,rein expressed. Aodih~.a ~ r ~.~..-oF~he~ssl~=_ ________~__~___________________________________________~T3Sl+pd?ate'lndpf1VS11l~ i ~,,•~-~-}l~ ~N! ~tdkerrsER'arate-an~ 3paR ?IOTn i~2t"3Xi~ 11Sitfalt~ alkR6wte~~Q To at,a ~r~a ~s,a n,srst?~ ~x~ ~~d-nsT.~~+~t.~h.~d-Me~~ Mrtt f ane tirf?hoor er~ zarnpolsiar,r cvnrrraim.-apprph tis n, fear of e? ~f~srn d~IMltaAH:' WIiNE55 my hand and offic:a! seal this_-_.~_ day of A. .~19~ ; ~C " ' . Notary Publit in and fw the State Florida large My Commission expires: ' ~ - Retum To: ~ ~ ~ ~ " / ~ First Federal Savings 3 loan Associat:on Of Fort P~erce. Fo~t Pierce, Flerida FILEO AHG RECORDEO ST.LUC~E COUNTY FLA. ROGc~ POITRAS , CLERK CIF.GUIT COURT ` r,, i%. ~`!(/F.~;;~~, 4D YEP,tF1E~.~.._--- - This Instrument Prepared ByJohn W. C.ol lq~' • First Federal Savings & Loan Association Y• ~_N01'AR~_.'; ~ ~ : . ~ _ of Fort Pierce , Flor ic~a 33450 1~AY 9 43 AN ~ - • ;r- _ Checked By .3~ia ~~~6~ ` - ;p{jy . C • ~ ' . p• ;\,r.~ t ~ F'~~ PACE~B~ ~ ' ~ _ ~ -~~,~,1'~C, uih csw . - - :~"Z`~..~_ >a~ '~`tty ~F~\GzY`v~'^R i ~ AF` r~ 1~~ ~ Y . _ > . . .