HomeMy WebLinkAbout2545 3. To piace and continuoualy keep on ~he b~~~dings now a hereai~er ~~tuate on sa~d lond and o~ all equipment and perwrwlly covered by ~his mong~
age, with ell premium~ th~reon pa~d in full, iire insurance in the usual standard Nol~cy form, in a sum approved by the MORtGAGEE, and windstorm
~niurance in the usual s?andard pot+cy forr~, in a aum approvrd by ~he MORTGAGEE, in such compa~y c+ cdnPa^~es as the MORiGAGEE may
d~rect; +~d all fire a~d windsto~m insurance polic~os on any of said build~ngs, any interes~ thcrein or part thereof, in the aggrrgate tum aiwesaid w r
in exceu thereof, ~hall ca+~ain the usual e~andard mortgagee dause w such other clause as ~he Mor~gagee may requ~re, msking ~he ~oss u~da ~a~d polb
cies, each ~nd overy, payable to sa~d MuK~bf+~ac"t as ~+s iu~r~~ai ~~„r ar~s:, a~3 ca:h ~.^.d e~•^_+Y ~`x?~ !`^~'~Y `?'a~~ hu P~«^P~~~ assqned a~d de~~vered to
any held by sa~d MORTGAGEE ~s (ur~her security ro said matgage debt, and, not less than ten (101 days in adva~xe of the expira~~on of each poGty, ro da -
I~ver to said MORTGAGEE a re~~ewal thereof, toge~he~ with a~ece+pt for the premium of such re~ewal; and ~here shall be r+o f~re o~ windstorin insuranc~
plated on any of said buildings, any interest ti+e~ein or pari ii~ereoi, unit» :n the fcr,r, ~nd w:th tF.e Icst paYab!e as afc+.esaid; and io the eveM any su~n
of money becomes payab~e under such policy or pol~cies said MORTGAGEE shail have the option to recaive and appty the umo on accounl of ~he indabted~
ness secured hereby or to permit said MORTGAGOR$ to reteive and use i1 0+ any pa~t ~herco( for otncr purposes, v~~thout ~h~rrb~ wa~v~~~g or ~mpair-
irg a~y equ~ty, iie~ or r~9ht unde? or by virtue of this mo:tyage; and in ~he event u~d MORTGAGORS shatl fa any reason fail to keep the said p~emitrs so
~nsured, or fail to del~ver promptly any of sa~d po~~ues of i~suranca to sa~d MORTGAGEE, or fail promptly to pay fully any prem~um the~efor or in a~y •
respect fail to per(orm, d~scha~ge, execure, eifect, comptete, comply wi~h and ab~de by this covanant, w any par~ hereof, uid MORTGAGEE may p~ace and ~
pay fw such insurance or any part thereoi w~thout weiving w a(fec!ing any option, iien, equfty, w rigM under or by virtue of this Matgage, and the ~
iull amount of each and every such payment shall be immediately due and payable and sfiall bear inreresl irom the date thereof umil paid at the tate ol
~~~~~e per tenlum per annum and to~a~he~ ~vith such interest shali ~e secured by the l~en of thia mort9age.
1. To pe?mit, tommit or aufier no waste, impairment w deterrorot~on of sa~d property or any parl lhereof.
S. To pay all and singular tFx co:1s, chargee snd exFer.ses, including a reasonable atto~ney's (ee and cosls of abstracts of title, incurred w pa~d at :
any ti~ne by said A10RTGAG:E, because o~ ~n ~he event of thc fa~lure on ihc part of the said MORTGAGOR to duty, promptly and ~ully pe~lorm, dixharge. ~
sxetvte, effett, complete, comply with and ab:de by each and eve!y the stipulahais, agreements, to~ditions, arxJ cove~ants of said promissory note artd thi~
n,or~gage any or eirher, and sa:d cos~s, charges and expenses, each and every, sha11 be immed~ately due and payable; whether a noi there be notice dc
n,and, attempt to collect or suit pend+ng: and the full amount of each and every such paymem ahall bear interest from 1he dste tF+ereof vntil paid at the
r,:~~ uf n~ne per centum µr ann~m; and all said costs, charges and expanses incwred or paid, togeiher w~th wch interest, shall be secured by the lisn of this
mortgaga
6. That (s) in th,• eveM of any breach of this Vlortgage or default on fhe part of the MORTGAGQR, w~b) in the event any of sa~d sums of money
nerein reier~ed to be not p~a~~Ntly and fully paid with.in thirty (3C~? days ~ex! afr.r~ the same severalty become d~e and payable, withoul demand o~ eotice,
or ;c) in thr event each and eve~y the stipuiations, agreements, ca~ditions and covertants of sa:d promissory note and th~s mortgsge any or e~thet are not
iuly, promptly and fully perfonned, d~scharged, executrd, etfected, tompleted, conepi~ed wi~h and abided Sy. ~he~ ~n e~ther w any such eveM the said sg
~regate sum mentioned in said promisso~y note then remaining unpaid, w~th interrst accrued, and a~l moneys securc~cl hereby, shall become due and pay-
ao'e forthwith, or thereafter, at the option oi said MORiGAGEE, as fully ard comp:etely as if all of the said suma oi money were orginally stipu~sted
ro he pald on such day, anything in sa~d promissory note or in this Mortgage to th~ contrary notwithstand~ng; and thereupon w thereaiter at the option of
sa:d MORTGAiEE, without not~ce or de~nand, svit at law or in equity, there~ore or thereafter begun, may bt prosecuted as if all moneys secured hereby
r,~d matured pnor 1o its institul~o~.
7. That in the avenf that at the beginning of or at any time pending any su~t ~~n this Mortgage, w to fweclose if, or to reform it, or fo enforce
;;ayment ot any ciaims hereunder, said f.".CStTGAGtE sha!! apply to the Co~~rt haring jwisd:ctioa thereof fw the appointment of a Reteiver, such Court shafl
roirhwith appo~nt a receiver o! said rr.o±rgaged prep~rty all and singuiar, inclu3~ng a:f and singular the income, proflts, issues and revenues from whatever
~rcc derived, each and every of which, ~t t,eing expressiy unde~stuod, is hereby mongaged as if speciiically sei forth and desuibed in the g~anting and
haoendum cfauses hereof, and such Receiver shaU ha~e all the broad and efiec!~ve funct.a:u and powers in anywise entrusted by a Courf to a Receivtr, artd
s_;h appoinlment shall be made by svch Court as an ad~n~tred equity and a rt~at~er of a6soiute r~ght to said ASORTGAGEE, and without refererxe to the
sceyuacy or inadeq~aq of the valve of the p~operty mortgaged o~ to the so.ver,~y or ,nso~vency ot said MORiGAGOR w the deiendants, and that such
~e~~s. profits, income, issues and rever.ues shall be app(ied by auch Rece~ve~ accerd~~~g w the tien w equity of said MORTGAGEE and the practice of suth
Court.
8. To duty, promp~iy and fully perform, d~scharge, execute, effect, comptete, co~:ip~~ with and abide by eath and every the stip~lations, agreement~,
,:;^di!;oru and eavenanrs in said prom~sswy noTr and tnis martgage set fo~~h.
9_ ?~a! !he event thP ~rvnersh;o of the martoaoed premises, or any part thereof, becomes vested in a person olher than the MORTGAGOR, the +
;~RTGAGEE, in wcczssws and asvgns, may, w~~hou: notice to the 1dORiGAOR, deal w~th such successw or successor in ~me~es~ wun reiererxe t~ i+us
o-tgage and rhe debt hereby sec~red in the san:e mar.ner as w~sh /Aortyagor w~thout in any way vit;ating ot d~scharging the Nlortgagors' liability he?r ~
,•:J_•r or upon the de6t hereby secured No sj!~ of ~he p~em]ses hereby mortga~ed and no forbearance on the part of the MORTGAGEE or its sutcessors
~~;1gns and no exre~s~on of rhe ~imr for the Fayment of the debt h~reby secored g~ven by the MORTGAGEE or its successors or ass~gns, shall operate
rc !c~c'd3@, d~xharge, mud~fy change or affect the oriymai iiau~(~ty of ~he A'.ORiGAGOR herein, either i~ whole w in part.
10. It is spec~fically ag+eed that time is of the essence of tF~~s cuntrad and that no waiver of any obligation herevnder or of the oblgatron se-
r.~~ed hareby shat~ at any time th~reafier be neSd to b~ a woiver of the terms hereof or of the instrument secured herby. j
l l. In acid,tlc.z to the for o r.. rr.onth!y a m~nts of ~rinc' al and interest re ~ired b the rom~sso~ nore secured hereb mort a or covenaNS j
~ 7 F, Y. ~ p q' Y P Y Y. 9 9 ?
,.i agr~es to pay ~o mortga3ee v~irh each monthly pay~ ~ent an add;:iona~ wm esr~n:ated b/ mortgagee to be equal to 1 j 12 of the annual cost of the follow-
,
A--AlI rea~ prope+ty tazcs 1ev~ed or assess~xi e~ai•~.st thc acovc descr~bed real estate.
B-~ Pr~m~u:n5 on f~~re and windstorm insur;,rce a; i~erem r,~~'ued to be ca•:~ed on the :mproveme~ts situate on the above describe premises.
i
I C-Pr~mivr~•s on svc~ ~ro~tgage guar3nry irsurar.ce as it~o~tgic~e shait frrr. ! rne to fi~ne deem fit to carry on the loan secured hereby_
~ h5ortgagee s:^.a'+ fro~r mne to rin~e nct;fy n~,ort~::gor fn w~inng of the ar.,u~~t due and payabte heieunder and such su~n shaU thereupon be due and
~ ,.:b'e on the CIJe Cdt? of ~n~ r.eAt mo~m:~ e~y~r,~•m ar,d eacn svccessive mo^rh rF.ereait~r ur.til mwtg3gee shall notify mortgagor of a cha~ge in such
~ ,rt. Suth sums shall L•e a{;piicd by mer!yagre io~:ard the payment of rea! property taxes, insurance prem;ums, and mortgage guaranty insurance
~ ~'iUTS.
~N WITPJESS 'NHERcOf, ih~ sa~d NORiGraGOR has hereunto set his hand and seal the day a i r firs~fw~aid
Signed, Sealed and delivered in 1he prese of:
Seal)
- ~ E a r . o inson ~ai~
_ - - . _
`I ~
/ Louise P . , Znson (s~~
S'~TE OF fLORIDA ~
~1. ~-t.~r~-1r__~ ~ ss. .
:U'JTY OF - '
Before me perwnafly appeared E~a rd P. Robinson a„d
Lou i s e P. ROh1T1 S011 his wiEe, to me well known and k~awn to me to be
, e individuals described in and who executed the foregoing instrument, and ack~owiedged before me that they executed the same for the ~~potes
n Louise P Robinson ~
~hc~ein expressed. And the said .~~j~
of ~he sa~d - Edward P. RObiDSOri u ~~~~;~~i~ s? 4
e.a~,~nation by me taRen sepa~ate and apart from her said husband, atknowled ed to and before me that she executed said ip3.,y~ roery-l~~~ f
9 "l~"'' ~~a~ • _ :
_~y and w;thout any compulsion, constraint, apprehens~on, w f~r of or from her said husband. ~~i J~• ~
~
' Mav ~ e-~, =
WITNE55 my hand and o~ficual seal this_ day of ~n~ ; j~_ :
r% ~ 4 - sf
~CJ~a.r G/ ~ !/-l~i~`„ . ~ ~ ~ , ` . .
~ Notary Public in and for t State o{ F ~a a, ~'~``.}f
J~ ~...~-.y.•., .
_ My Commission eaQires: • ~ w~'~ ~ _
Retum To: No!ory Pvhl.c, Staro of F1dr11~.41;1a~~s~i1~~s~.` :t.
~ irst Federal Sa.•ings 3 loan Associat~on µy Cow.r.iu+a.s fxpirn ~at 1y.'~~~ • • :
~pAy! w~ Bonelod b A.~rrorican Fin l Gbi~~''~(,~~••;~ 1~~ -
Of Fort P:ert~. r',.~ I Y .~~J~.= \`,`l\ .
Fort Pierce. F:orida ' ' # ~(~1~ 7fh:f~1~"!~ •
This Instrument Prepared By Robert A. Swisher, f~jp~~hU REG,~R~E~
First Federal Savings 8 Loan Association ~f' ~OGEaJQO tR~$~A~ ~
of Fort Pierce ,~lorida 33450 ~K ~~~~~~s ~pUaT ~
ClE• a~ctED~~
Rf C1RU Yf •
Checked By~-- ~ 09 pu ~7~
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