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HomeMy WebLinkAbout1444 3. To place a~d cont~nuously keep on ~he bui!din9i now o~ hercafte~ ~ituafe on sald land and on al{ equipment and perwnally coverod by this mort~ sgs, witA all premiums ~hrrew~ pa~d io full, fire ins~rance in the usual standard po:icy iorm, in •:um ap{xovsd by the MOR~GAGEE, and windstorm ~n~vrance in Ihs usual i~andard pol~cy fam, in • aum approved by the MORTGnGEE, in such company o~ companies ss the MORIGAGEE may dirKtp and aU (ir~ and w+ndstorm inw~ancs poticies on any of said bv~~d~ngs, any interest the+ein or paH thereo(, in tM sggreyate sum afwesaid w in e:cess thereof, ~hall :ontain the usual standa~d ma~gagee c~suse w such o~he~ clavie as ~he Mortgagee msy reqv~r~, makin~ Ihe loas ~nder sa~d pot~ 4~~+~ cies, each and aver ab~e 1o said h\ORTGAGEE at its in~errst may ~ppeat, and each and every such policy shall be pron+pNY ass gned and dr~ivered ~o y_"~~ Y• PeY ~ eny held by ssid MORTGAGEE as fur~ha seturity Io ssid morlgage deb~, a~d, ~ot leis than teo (10) days in advance o( the exphat~on of each poGcy, to d~- ~ Gver lo aid MORTGAGEE a renewal Ihereaf, tegether w~th a rece~pl lor the prrrr~ium of 'such re~+ewa~: and there shall be ~?o fi~e or windstorm insuranc~ plactd on any of said kwildings, any interest therei~ w part tixreoi, unlcss in the form and with Ihe loss ~+arab;e a: atores~id; ~nd in Ihe event a~y sum ef rransy bccomei payab!e u~~dcr such policy w policies uid~MORTGAGEE ahaN have the op~ion to receive and apply the ssme o~ atcouM ol the indabted- nrss tec~red he~eby or to perm~~ sa~d MORiGAGORS to rece~ve and uss it w any pare ~hrreof ior o~he~ purpeses, v.i~hout ~ha~eo,r wa1v~~~g o~ ~~»pair- ing any equ~ty, lieo or right unde? or by virtue of this mo~!gage; and in 1M evenl said MORTGAGORS shall for any reasan lail to kcep the ssid premiies so ' in~vred, or feil to de~iver prpnplty any of said .policias of insurante to aaid MORiGAGEE, or fail promptly to pay fully any ptemium thtrefw or in any respect fail b pa~fo~m, d~scharge, execute, e(fec1, compleie, comply wi~h and ab~de by th~i covenent, w any part hereot, sa:d MORTGAGEE may ptace and ~ pay fa t:xh insurance or any parl thereof without waiving w aifecling any opi~on, lie~, eqwty, o~ right under a by virtue of thi• Mwtgage, and the f~il smount o1 each anJ every such Fayment shall be immediately dua and Fayable and shall bear Interest from the date Ihereof until paid at the rate ol ' mne pe~ ceN~m per aonum and to~ethar w•ith such intsrest shail be sacured by ihe ~ie~ of this mot~gage. t• . 4. To permit, commit w auffer no waste, impairmenl u deleriorat~on of said property o~ any part thereof. 5. To pay all and singular the costs, charges and expenies, including a.easo~able atto~ney's fee and costs of sbstracri ol title, incurred w paid st eny time by said MORTGAGEE, because w i~ ~he evero of tha fa~lure an the pan of. thr sa~d MORIGAGOR to duly, promptly and fully per(wm, d+scharge. ~.ecute, effecf, comple~e, comply w~th and ab:de by each and every the st~pv:at~ons, agreements, ta+ditions, and cavenants of wid promiswry note and thit n,orrqage any or either, and sa~d cosrs, char9es and ex~.~ses, eacA and evey, sha~l be immrd~ately due and payable; whether p not there be notice de~ mand, a?tempt to coilM or iuit pe~cl~ng; and the fup amount of each and every such paymeM shatl bea. interest (rom the data thereoS until p~~d at the r:,~~• oj nir.e per crnrum per am~u:n; anc' ail said :os:s, charges and expenses irxu:rrd w paid, together wdh such interest, shall b~ secured by the lieo of thq nortgagp. , ~ 6. ihal (a) in the evem of any breach of this Mortgage or defauft on the part of ~he MORTGAGOR, or (b) in the event ~ny of sa~d sums of money herein referrzrJ to be not p~omptly and fully pa~d w~thin ~hirty (30) days nex~ at~er ~he same severa:ty become due a~d payable, withou~ demand or ~otice, ~r {c) in the event each and every the atiputationa, a9reements. cond~t~ons and covenants of sa:d promiswry note and th~s mortgage any a either are nd i.~~y, promptly and (ulty perf~rmed, d scharged, ezecuted' elfected, completed, compi~ed with and abided 5y, then in either or any such evem the said ag g-egate sum menrioned in said praniuory nete then remnining unpa~d, with intere;t accrued, and afi mo~eys xcured hereby, ahall become due and pay- ao ; forthwith, or thereaftrr, at 1hc option of sald MORTGAGEE, as fuUy and comp;ete~y as if all of the said sums of money wc~e o~iginally sGpulated to be paid on wch day, a~ything in said pro:n~ssory note or in this Mongage to the contrary no~w3thstanding; and thereupon or 1Fxreaher at the option of s,!d MORTGAGEE, wethovt notice or demand, suit at law w in equity, therefore or thereafter began, may be prosecuted as if all moneys secured hereby r,~d matured pno~ ro~ts irati!ut~on. 7. That in the event ~hat at the beginn~ng of or at any t~me pend~rg any s~~t upon this Mortgage, or to faeclou it, or to refwm it, or to enforce u.,~.nent of any c!a;ms hereund•~r, iaid MORTGAGcE sh;;I appty to the C~w~ having jur~sd~c~ioo thereof for ~he appamment of a Receiver, svch Court shall ic:~h„~ith appo~nt a receive~ 01 said mortgayed pro;:~~ty aG and singuiar, inc(ud~ng ail and singular ~he income, pro(Its, issues and revenues from whate~er s: urce derived, ea.h a~xt every of wh.ch, it being eavress!y understced, ia ?~e:eby mor~gagcd as if specifically xt fath and deauibed in 1he graroing and h3cendum clauses fiereof, end sucfi Rece~ver sha!t ha~e a~l the broad and effec!ive fur,c:.ons and powers in anywise entrusted by a Court to a Receiver, and s_:h appointment sha~l br made by such Covrt as an admitred equity and a n:aner of ab:olute rigM to said MORTGAGEE, and without tefeterxe to ths nu~quaq or inadrquacy of the va!ue of tha property ~icrtgaged or to the so+vency or insolvency o( said MORFGAGOR w the defendants, and that such •,•s, profits, income. issues and revenues shaii bs appiied by such Receiver accord~ng ~o the lien or equity of said MORTGAGEE and the practica oi such Ccurt. 8. To duty, promp~ly and (ully perform, d~scharge, execute, effect, co+nplete, comply with and abide by each and every tha stipulations, agreements, ;~cd~tions and covenams in sa~d promisswy note and this mortgage stt forth. 9. That in the event the ownersh~a of the mortgaqed premises, w any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the :.^RTGAGEE, its successors aRd ass~gns, may, wi~hout notice to the MORTG~OR, dea! v.~th such successa or successw in imerest with reference te this ' rtyage and the debt hereby secured in the aame manner as with Mortgago~ vSthout in a~y way vitiating a d~uharging the Mortgagors' liability herr -.:Ser or upon tFw deb~ he~eby secured. No sa~r of ~he premises hcreby mortgaged ar.d no forbearance on the part of the IAORiGAGEE or its succeuors o- assigns and rro extens~on of rhe time ior the payment of the debt hereby secured given by the MORTGAGEE or its successws or assigns, stiall operate ~ re~ease, dacharge, modify thange or afiect the o:~gmal liao~Gry of th>_ MORiGAGOR here~n, either in whole w in part. 10. ~t is speuficatiy rgreed ~hat ti~ne is of th> essencr of this contract and that no waiver of any obligation hereunder w of the obligaYan se- c::red hereby shali ai ar.y time ihereaher be he!d to be a waiver of the !erms hereof o~ of the instrumeM secured herby. 1L In add:t[o-t !o the iorego ng ~-ionth?~ pa~rnents of_Fx~nc pal and i~terest req~~:ed by the promissory no~e secuted hereby, morigagor tovenanfs ,-d ;grees to pay ro n~ortaacee w~ih each montnly Faynent an adduional svm estin:ated by mortgagee to be eqval to 1; 12 0[ tfie annual cost of the foflow- A-AII rea~ ~:roperty f~,crs ie:iec', or assessed agai•:sr tF.e ae~ve descr+brd real es~ate_ g-Gn_~~:~u~-:s on 1+ri: dn~ w~nds~orrn msur~cce as herein requ:~ed ?o be carr;ed on the improveme~ts situate on th~ above described premises. C-Pre~n~ums o~ wch rr:ortg;ge gua-anty insurar•ce as mortyagee shsll fro~~ t me +a time deem fit to carry on the loan secured hereby. ,i Mortgagee sh;~l !rom time to tirne nof~fy ~r.ortgagor in w~iting of the an:ount d~e and payable hereunder and such sum shall thereupon be due and E =,ab'e on 1he d~e date of the next montnly payment and each successi.e month thereaher urti! mortgagee shall notify mortgagor of a change in svch . ~ oont. Such sums sF.a;l be apptied by m~rtgagee to~~ard the payment of real property taxes, 9nsurance prem~ums, and mortgage guaranty insurance ~ e~nwms_ ~ W WITNE55 YiHEREOf. tne sa~d MORTGAGOR has hereunro set his hand and seal the day and year first aforewid. S" , Seal and deiivered in the presente of: ~ sq ~ A1~B S . S (SeaQ t ~ ~~C ~i .C ' • Sesq r T = ~~'1 - ~~2 .1~ ~aq . ' I.O7.S . Cd~S ~;.;?E OF fLORIDA ~ St . Luc ie ~ _ ; u v'~Y Of Before me peno~atiy appeared i~~as Th~aS and I.O~S M. Thoaas his wife, to me well known and known to me to be _ individuals described in and who axecuted the foregoing instrument, and acknowtedged befwe me that they executed the same for the purposea r'-e•e~n expressed. And the said j.O1S ~1. ?hosas r:,fe of the sa~d - 'Ja~S M. ThO~s upon a separefe a~d privste >.~n~nation by me taken separate and apart from her said husband, atknowtedged to and before me tnat she executed said instrument freely and voluo- >•~;y and without any compulsion, constraint, apprehens~on, or fear of or from her said hvsband. W{TNE55 my hand and offfual seal th~s___-l.~,~.~c- day of June A. 0. 19 74 ~ t tary Public in and for t State of F{orida at lsrye ~ y Commission expires: C~~ ~ ~Q Return To: T . ~ ~ First Federal Savings 3 loan Aswciation . Of FoH P~erce. Fwt Pierce. Florida . ' ' - - FILED ~KU RECOROED v j • ~ ~ ~ ST.tUCIE C4UNtY flA. ~ . RQC~P PQlTR~S - : ~~E. E•CUIT COURt . ~ p• ; _ Th?s Instrument Prepared By Gs~[y F. Ellwooc~,~~pp~ y~~.c'IfJ - ~ _ ~ First Federal Savings 8 Loan Association • ; { . ~ of Fort Pierce, Rlorida 9 (t5 ' ~ ~'v ' Checked By ' . ' '.r.r:i;~~~ti~'`` ~ ~ i r . t~?G~~44~. , _ ~ . ~ , . S - - - - ~ ~Y ~ ~ ~ ~ , ~ ~ ~ s, - ~ ~-a° ~r . ~~zt,-~. ~ , _ ~~""'.~^f..r~ . . " ~ .