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HomeMy WebLinkAbout1440 9. To plac~ and continuously keep on IAe bui!dinge now a herea(te~ sltuste on sa~d land and on all equipmen~ and pe?sonally covered by this matg~ - ags, wi~h ~II premiumt Ihe~con pa~d in (uil, fire inivrance in ~he usual srandard poticy iorm, in • sum approved by Ihe MORTGAGEE. and windstwm insuronce tn tM ~swl 1landard pol~cy fwrst, in •?um approved by ihe 1NORTGACiEE, i?? iuch con+pany o~ ca^P+^~H MORTGAGEE may diraft; ~r+d all fir~ ~nd winds~orm insurants politiet on any of iaid b~itd~rps. any Interoat therein or part thereof, in the aggreys~e sum aforewid or in ~xceis lhereof, aMll co~tain the usval standard ma~gaQes d+use or such othor c~avse ~s fM MatpsgN may t~qu~r~, m~king ths loss under faid po~i~ , ciss, eash and ~very, payabl~ to said MORTGAGEE ai ~ts i~terest may +ppe+?. and eath and every ~uch poticy ihall be prompfly ats:9ned and delivered ~o sny held by said MORTGAGEE af (urthe? security to ~aid mortgage debt, and, ~ot less than ten (101 days in sdva~us of the expi~ation of each policy, to da r-.~ liver ro said MORTGAGEE a renewal thereof, topethK with a receipt fw ths pra*+ivm oi s~ch renewal; and thare shall be no fi~e or windsto~m inivru+te i pl~ted on any of ssid b~ri~dinys, ~ny i~tue~t therein w part thsreof, ~nless in the fam ~nd with ~M lou paYable u a(oresaid; ~nd in the aveM any sum ~ of money becomas payable under iuch policy w pol~cies ia;d MORTGAGEE ~hall have tF~a op~ion to rece~ve and apply the same a+ accounf oi ~he indebted- neu secured hereby o? b permit said MORTGAGORS to receiva and use if p any ~w~t lhereof fu other purposes, ~vithout thercu/ waivi~ig or ~~'~pe~~- ;ng any equ;ry, lien w~ight under a by virtve of this ma:tg~ge; u~d in tM event ~a~d MORTGAGORS shall fa any reason fail to keep the said premises so insured, w fail 1o deliver promptlY +nY of said policlet of inswance ro s~~d MORTGAGEE, u fail promptly to pay fully any p~emium Iherefor w in +^Y respecl f~il Io pe~fwm, discharge, exatuts, ef(ect, comptete, comply with and ~bid~ by thi~ covenanl, or any part hereof, said MORTGAGEE may p~+ce +^d i paY fw such insuronce or ~ny part th~reof without waiving o~ affectlrg ~ey option. lien, eq~ity, or right under a by virtue of ihis Matqa9e. +nd the i full amo~m of e+ch and ev~ry such paymem iMll bs immed'utely du~ and payable ~nd stwll bear i~terest i~oen ths date thereof umil pa~d ~t ths rate ol ~r~ ; nine POf CM1YT PQf annum a~d ~ogether with tuch interest sAall be secu~ed by the lie~? of this mor~g~9e• ` ~e 1 • ~ 1. To permit~ corrunit w suffer m ws~te, impsirment a deteriwation of said property o~ sny part the~eof. ~ S. To pay all and singulu the costi, charpe~ snd expenses, includinp s reasonabte attwney'i fee and costs of abatnds of titte, incurred w paid at ~ any tirrx by said MORTGAGEE, because o~ in the event of the failure on the part of 1he said MORTGAGOR to duly, p~omptly and fvlly perform, d~uharge, executs, effecf, complete, comply with and ab:de by each and every the s~~pulations, agreements, conditiona, and mvena~ts o1 said promisso?y nota and thii ~ mortga9e any or eithe~. and sa~d cosb, ch~rgd and eapenses. e+ch a~d every. shall be immediately due and payable: whether or not there be ~otice do- mand, attempt to co11ec1 0? suit pend~ng; and the fvll ~mount of e~ch and every such payment shall bsar inte~est from the date thereof until paid a1 the ~ rare of nine per crntum per annum; and all said costs, charge~ and exoenus incurred or pa~d, toge~her with such interest, shall be secured by the lien of thu f mort~ap~. ~ b. That (a) in the event of any bresch of thi~ Mwtgage or default on the parf of the MORTGAGOR, or (b) in the eveM a7+y of u7d fums of mo~ey ; herein refer~ed to be not promptly and fvlly paid within thirty (30) days nex~ atter the same teverally bccane due and payable, without demand or notite, or {c) in the event each and every the stiputa~ions, agreemcnts, conditions and covenants of sa~d promissorY note and th~s mortgage any pr ei~lxr are oot ; iuly, promptly snd futly perfwmed, d:uharged, executed, eifected, completed, complied w~th and abided by, then in either a any such event the .sa~d ag gregate wrrs menticned i~ said promiuory note then remsining unpaid, with interest acuued. a~d all moneys sccured hereby. shall become due ~nd paY- able fo~thwith, w thereafter, af tF?e option of said MORTGAGEE, +s fully and completely as ii atl of the sa~d sums of money were originally st~pulsted ~o be paid on such day, a~ything in sa;d promissory note or in this Matgage ro the contrsry notwilhslanding; and ther~pon or lhereafte~ at the option of sa~d MORTGAGfE, wi+hout ~otice w demand, svit at law or in equity, tFkrefwe a thereafter begun, msy be prosec~ted as if all moneys setured Ixreby nad matured pnOr to its institution. 7. Thst in the event lhat at the beginning of or at any time pending any suit upon this Mortgage, w to fwttlose it, w to refwm it, or to enforce payment of sny claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof iw the appoi~tment of a Receiver, such Court shafl Forthwith appoint a retdve~ of said mwtgaged ptoperty all and singular, i~tlud~r?g all and sin9ular the income, p~ofits, issues and reveo~es from whatever source derived, each and every of wh~ch, it being expreasly undersiood, is hereby mortgaged at if spec~ficslly xt fath and dewibed in the granting and habendum dauses hereof, and such Rcceiver shall have all the broad a:xl effective funct~ons and powers in snywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an sdmitted equity and a matter of absolute right to said MORTGAGEE, snd wirhout reference to the ~ edequaq or inadequacy ol the value oi the p~operty mortgaged or to the sorvency o~ insolvency of said MORTGAGOR or the defendams, and ~hat avch . renrs, profin, incame, issves and revenues shall be applied by s::ch Receiver according to tFx lien or equity of said MORTGAGEE and the pract~ce of such ! Court. ~ 8. To dvly, prompllY and fully perform, diuharge, execute, effecL complete, comp~y with and abede by esch snd every the stipulations, agreements, ~ condiYwns and covenants en sa~d promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vesled in a perso~ other thsn the MORTGAGOR, the A1pRTGAGEE, its wccessors and assigns, may, without notlce to the MORTGAOR, deai with such succeuw or svccessor in interesl with reference to this rnortgage and the deb~ hereby secured in the same manner as with Mongagor witFwut in any way vitiating o~ discharging the Mortgagors' liability Fxrr under o~ upon the debt hcreby secured. No sa~e of the Fremises hereby mortgaged and no forbearsnte on the part of tha MORTGAGEE w its successws • o. assigns and no extension of the time for the payment of the debt hereby secured g~ven by the AM1ORTGAGEE or its :uccessors or au~gns, siwll operate to releax, dixharge, modify change or af(ett the original liabiiiry of the MORTGAGOR herein, either in whole or in part. , ; 10. It is specificalty agreed that time is of the essence of this contract and thst no waiver of any obligat~on hereunder or of the obligatan sr ? cured hereby shali at any tim.e thereafter be held to be s waiver of the terms hereof ot of the instrumeM secured he~by. 11. In add.tion to the fo~ego:ng monthly paym-nts of prin~ pal and interest required by ihe pro~nissory nore secured hereby, mortgagor covenants i and agrees to pay to mortgagee with each monthly payrnent an add;~ional sum est~mated by rtwrtgagee to be equal to 1 j 12 of the anrwal cost of the iol{ow- ~ ing: A-All real property taxrs levied or aasessed agai~st the above described real estate. B-Premiur.n o~ fire and wi~sdstorm insurar.ce as twrein requ~red to be carried on the ~mproveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty inwrance as mortga9ee shall from time to time deem fit to carry on the loan secured hereby. j Mortgagee shall from time to time notify mortgagor in writing of thp amount due and psyable hereunder and such sum shall thereupon be due and E F.ayable on the due date of the next moNhly payment and each successive month thereafter urtil mortgagee shall notify morigagor of a change in such ! z~ ount. Such sums sF.all be a~p!ied by mwtgagee toward the payment of real property tazes, insurance prem~~ms, and mortgage guaranty insurance ~ pr°mivm5_ . ~ 1 ITNESS RE , the said MORTGAGOR has hereunto set his hand and seai the day and yea firs~ id_ ~ ~ ,Sig Seal~ eliv he presente of: Sean .u.-~.w ep • eSp° csean - ~ - ~ Nitnesses a res ~a~~ ~ - ~ ; STATE OPfl9RtDr . 1 ~ + ~ COUNTY Of ~ ~f„~ ~a~~ Jose~h M. Cresuo ~ a/k/a .Io se M Cresno a~+a = ga CZeS~O his wife, to me vsetl known snd known to me to be s F rhe individuals described in and who executed the foregoing instrument, and acknowledged befo~e me that they executed the same fw the purposes i therein expressed. And the sai~ ~li~-~+~+ - s,ife of the sa~d Joseph M. CreS~~ a/k/a .lOSe M. CZQS~~ upon s separate and pr~~ate exami~ation by me taken separate and apart from her sa~ husband, stkrawledged to and before me thaf she executed sa~d instrument freefy and volun- rar~ly and v~ithout any compulsan, constraint, a~ ~ or fear of w from her said hviband. WITNE55 my hand and official seal thi day of a A. D. 19 -74 ~ n _ ' ~ - - . . ~ ry Pvblic in s fo~ t State of Flori~a ~t l~e.. M Commiuion expird: ~ / ~ ~ , . ' v~ Retum Ta. ~pNN V. Ht1LL' ~ ~t ~ . Firii Federal Savings 3 toan Association ~,:,t,~~r. ;:t ~;P~Y YU?'~ i - Nota?Y - - ~ Of Fort Pierce. r: : . , 'J : ~ _ ~ " QJtt:~`+'.o r~• ~ :p+~^,Y _ j~ ~ Fort Pierce. Florida , , J . . . ~ ~~~.L _ ~ ~:Tl: ~ { e , _ t: S This Instrument Prepared By Richard K. ICa?yes • ~ First Federai Savin s& loan Association fILfD 4NL ~ECOROEO _ g ST. LUCIE COUNTY Fl~. of Fort Pierce ~ FlOifdd? ~ R06r? POITRAS 1 ; CLERK CIZCUIT COURT ; Checked B P.E~O~f- YE~tFIF~ ~ E c, tac~ ,~t ~ 1 9 4s bH'~~I ~ . 2i342~.8 . 4~ • _ ' . ` . _ . . 7 s~ . . 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