Loading...
HomeMy WebLinkAbout0420 J. To place and continuousiy kcep on ~he bu~'d~nyi now w he~eafter situate on said ~snd a~d on all equip~nent and psno~aily covercd by thit mw~~ sg~, with all prtmium~ Ihrreon pa~d in full, ii~s in~u~e~ce in the usuel stsndard pol~ty fo~m, in • s~m approved by the MORIGAGEE, a»d wind~lorm ins~raote in the ~sual ~tandard pol~cy (o~m, in a sum epproved by the MORTGAGEE, in tuch tomp~ny or to~npan~es as ~hs MORTGAGEE may dirtcr, and sll iire and ~ winds~orm in~u~anca po~iuei on any of said bvild~ngt, ~~y i~tere~~ therein a pa?t thereol. in ~he a89reyate tum afweiaid or In exce» thereof, ihal~ contain Ihe ~suat standard mor~ga9ee clause a s~ch othsr claus~ as tM Matgages maY rcq~~~e, m~kiny the loif u~~der sa~d poli- . cie~, exh end avcry, payable ro u~d MORTGAGEE a~ it~ intertsl may appear, end cach and eve~y such policy shall be prompity au.gned and delivered ~o - any heW by s~id MOR~GAGEE ~s furiher security to wid mo~tgage debt, ~nd, not tess than ten (10) days in advanca ol the ezpirat~on of each po~~cy, to da IivN to said MORTGAGEE a renewal thereof, loyethsr with • rece~pt fw the premivm of tuch renewal; snd there shall be no f~re o~ windete~m insuronce pl~ced on ~ny of said buildings, •ny interest ti+erein w pa?f thereof, unleu in the (am and with ~h~ loss payable as ifwesaid; and in the event any surn of money betomes payable under such policy w pol~cies said MORTGAGEE shall Mve tl?e opt~on lo teuive and apply tAe s~me on accoun~ of the indebted- ness sec~red hereby or ~o permit ia~d MORTGAGORS to ~eceive and us~ it or any pait thereof for other pu~poses, w~ihout ~h.~. br we~~~~~~ a~ ~'t`~"' _ ing ~ny equiy, lien w right under w by virwe of this mo:tgage; and in the event u~d MORTGAGORS shall fw any reason iail to keep the said p~emisas w w insured, a}ail to de~iver promptly sny of said policies o1 insurance to sa~d MORTGAGEE, w fail promQtly to pay fulty any pre~mum the~efo~ or in a~y ~ ' re~pect fait to pe~t«m, discharge, execute, effsct, tanp~eto, tomply with and abide by tfiis covena~t, w any pa~1 hereoi, uid MURTGAGEE may place a~~d •a~ pay fo~ tuch insu~ance or any part thereof without waiving w ~ffec~inp ~ny option. lien, equ~ty, or rlght u~de~ w by virtue of this AAwtgage. +~d ~he full amovnt of each and ev~ry such payment shall be immediately dvs a~d payabl~ and ~hall bear interes~ from ~he date therecf until paid at the rate ol nine per centum per annum and to~ether with such interest shall be secured by the lien of this rtwrtyage• 4. To permit, commit o? sutfer no waate, impairment or deterioration of said property or +~y Wr1 thereof. 5. To pay atl snd singular tha costs,- charges ~nd expenses, including a reasonable attorrtey i fee and costi of abstracts of title, incurred w paid at any time by said MORTGAGfE, because w in ~he evero of the iaiture on the P+r~ of ~he said MORTGAGOR to duly, promptly and fully perfwm, dischargs, execute, efFK~, complete, comply w~1h and ab:de by each and every the stipulation~, agreements, conditions, snd covenanrs o1 sa~d promiswry nole and fhii mwtgage any w either. and sa;d costs. charges and expenses, each and every, shall be immrdiately dve and payable: whe~her a no~ there be not~ce dr mand, sttempt to coIIM w fuit pend~ng; ~nd the tull smovnf of each~nd wery suth payment shall bear inieresl Irom 1he date thereof until paid +1 the r~te of nine pe~ centum per annum; and all said costs, ctwrges and expenxs inturred or pa~d, logether w~th such interest, ~hall be secured by ttx lien of th'a mortgap~. 6. Thaf (a) In the event of any brcach of this 1Nortgage ot~ default on the parf o( ths MORTGAGOR, w(b) in the evenf any of sa~d tums of money herein referred to be not promptly and fully paid wi?hin th~rty (30) deys next afrer the same' uveratly become due and payable, without demand or notice. or (c) +n the event each and every the stipuiations, sgreements, cond~tions and covenants ot sa~d promissory ~ote and th~s mortgage any w eithei are no1 ~u~y, prompNy and fully perfamed, diuharged, exauted, eflected, completed, complied with and abided by, then in ei~her or any such eveM the said ag gregate sum mentarxd in said p?omiuory note the~ remaining unpaid, with interest accrued, and all moneys secured hereby, shatl become due and pay- able forthwith, a thereafter, at the op~an of said MORTGAGEE, as fully and completely as i( all of the said sums oF money were or~ginally it~putafed ro be pa~d on such day, anything in sa;d prom~ssory note or in this Mo~tgage to the contrary notwiths?anding; and thereupon or lhereafter at the option of sa;d MORTGAGEE, w~rhout notice or demand, suit at law w in equity, therefore or tFxreafter begun, may be prosecuted ss if alt mo~eys secured hereuy had matured pnor to its institution. . , 7. ihat in fhe event that at the begi~ning of a at any t~me pending any su;t upon this Mortgsge, w ro foreclose it, or to reform it, or to enfores payment of any cia~ms hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appointment of a Receiver, such Court shall Furthwith appoint a receiver of said mortgaged p?operty al) and singular, includ:ng all and singular ~he incoms, p+ofits, issues and revenves from whatever source derived, each and every of wh~ch, it being expressly understood, is Rereby morigaged at if spec~fically set fwfh and desuibed in the grantin~ and habendum clauses hereof, and s~ch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and :~ch appointme~v shall be made by svch Cou~t as an admit~ed equity and a matter of absolute right to said MORTGAGEE, ~~d without reference to the adequacy w inadequacy of the value of the p~operry mwtgaged or to ~he sorve~cy or insolvency oi said MORTGAGOR a the defendants, and ~ha~ such rents, profits, incorne, issues and rever~ues shall be applied by such Reteiver according to the lien w equity at said MORTGAGEE and the practice of such Court. 8. To duly, p~omptly and fvlly perfwm, dixharge, execute, effecl, complete, comply with and abide by esch and every the stipulations, ag,ree~nents, conditions and covenants in sa~d promissory note and ~his mortgage xt forth. 9. That in the event the ownersh7p of the mo?tgaged premises, w any pa~rcof, becomes vested in s perwn other than the MORTGAGOR, fhe itORTGAGEE, its sutcessors and assigns, may, withoul notice to the MORTGAOR, deal with such sutceuo? w successor in interest with reference to this mortgage a~d the debt nereby setured in the same manner as with Mortgaga without in any way vitiating or d~uharging the Mortga9ors' liabitity here- ~nder or upon the debt hereby secured. No sale of the premius hereby mortgaged and no forbearance on the part of tMe MORTGAGEE or its successors o~ assigns and no ex~ension ot fhe time iw the payment of the debt hereby secured given by the MORTGAGEE or its successas or assigns, shall operate ro release, dixharge, modify change w aflect the original liabil~ty of the MORIGAGOR here~n, either in whole or in part. . 10. It is specifically agreed that time is of the eascnce of this contract and that no waiver of any obligat~on hereunder or of the obligation so- c~red hereby ahall at any time thereafter be held to be a waiver of the terma hereoi or of the instrumeN secu+ed herby. 11. In add~tion tc the forego'ng monthty payments of p~inc'pal and interest required by the p?omissory no~e secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee wnh each monthly payment an add~rional 3um est~mated by mortgagee to be equal to 1: 12 of the annual cost of the follow- ing: . A-All real property taxes lei~ed or assesseo agai~st the above deuribcd real estate_ B-Premiums on fire and windstorm insurar.ce as herein requ:red to be carried on 1he ~mp~ovements situate on the above destribed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me ro time dee+n fit to c3rry on the ban secured hereby. Mortgagee shalt from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shali thrreupon be due and I F3Yable on the due.da~e of the neat month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such I a~.:o~nt. Such sums shall be applied by mortgagee toward the payment of real property tazes, insurance prem;ums, a~x! mortgage guaranty insurance ! p*emiums. _ E IN Y11TNE55 WNEREOF, tF~e sa~d MORTGAGOR has fiereunto set his hand and sea! the day an r first aforesaid. i Signed aled and deliver in the presence of: ~ ~~L ' ~ ~ ~ C..G~ - an .t' - a~ - - ~Sea4 SiATE OF FIORIDA ~ - St . Lucie couNrY oF Befwe me persona~ly appeared ~erette B. ~11 a~ Franees j.. ~11 his wife, to me well known and known to me to be the individuals desaibed in and who execvted the foregoing instrument, and scknowledged before me that they executsd the same for the purpcues therein expressed. And the said ~r~1CeS I. ~11 _ wffe of the said Sverette g Hd ~ upon a separate and private examinat:on by me taken separste and apart from her aaid husband, acknowledged to snd befwe me that she executed said instrument freely and votun- rarify and without any compulaion, constraint, apprehension or fear of or f her said husband. WITNESS my hand and official ual this ~~'Q'r day of Ma p• ~9 ~4 fILEO ~hG RfCOR~EO ~ St~ lUC1E COUNTY FL~• Notary PubNc in a w t State of florida at large ROCEII t'Oi•AAS My Commiuion expires: r~ Return To: CLERK Ci:iCU17 COURT ~ First Federal Savings 8 loan Assouat~on aECORO YE~'~FIEO ~ ~ • ~ <<oQioA at uRGE . a~~=" Of Fort P:erte. ~ 4 C~y 1C^.7lRY i'L.~ .C. S.t7~ ~ * , i' . a-~M ~ ~ lo ~M~ ~....I~..... ~.r: ).itl. 19~/1 ~ 13 S'«~//~~/ • ' ` i Fort Pirrce, f.orida ~ IUY • q ~ ~ fSp{1CC4 ~f huttlrwo w.+Aw~i {(lSB(~AC~ 9 y'./' f' s~ r'~'~i ~ s _ ~ ~ Richard K Ka es ' This Instrument Prepared By • Y = ~ ~ ~ First Federal Savings & Loan Association = ' ~ ~ . " ~ ~ of Fort Pierce v w ' , ; ~ ~ , Florida ' r'. ~ ~ ~,p Checked By Tl~--- - S„~r ~ s`', • ~'•%h ~N,~; a ~ f i~ t g ~ ~ . _ _ _ - - - - - - a~w"~~~:~...., ~ s ~ k. ~~~,r'~'~~gsgx as, ~,i S y, .a s . . . . _ . ~~~~"7'~"~"~e - _ _ _ . . . .