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HomeMy WebLinkAbout2150 To plac~ and continuously keep a+ the b++i:dings~now w hrreaf~er •ituate on said land and on ~t! e4~ipmenl and pc~so~~lly covered by ~hii mat0- •~e, w+th all pramiums ~hercon pa~d in lull, liro insur~nce m tF?e uwr~ stendard pulity form, in ~ ium approved by ~h~ MORIGAGEE, •~~d windstorm ~ ~nsurenc~ ~ ths uswl ~tandud pol~cy farn, in • fum approved by ~hs j~hORTGAGEE, in such company w canpani~s u the MORTGAGEE may ~ dred; and all (ire ~~d winds~o~m insur~r.ce poliuai on any of said bu~ld,~ps. ~ny in~erest therein or part ihereof, in tF» ~ggre9+ts sum alore~~~d w ~ in excess ~hereof. ~hall contain tlu uiual ttandard mo~~gage~ dsuse a such other clause as ~Fw Ma~y~9t~ may requ~r~. makin~ ~M loss unJe~ ~a~d poti- ~ . c~rs, each aod avery. pay~bie to said MORTGAGEE a~ ~~s imerest may ~ppe+~. a~d each snd every such poi~cY ~halt be promp~~Y ass 9ned a~~d dei~vered to eny held by wid MORiGAGEE a~ (ur~ha secur~ty fo s+~d mw~gaqe debt, and, no~ lei~ ~han ten (10) dayi in advancs of the expirat~on ot each pol~cy, to d~- l~~er to said MORTGAGEE • renewal ~hereof, ~ogether with a rece~pt fw ~M pre~wm of such re~ewal; and the~e fhaU b~ ra fire or wind~torm intu~ai+c~ i plsced on arryr of said buifdingt, +nY in?ere~t thers~n or put thereof, un'est in ~he fo~m end wi+h the loaf payeble a~ afwefaid; a~d in the evant sny fum of money becomes payabk u~+da such policy w polKies iaid MORTGAGFE ~hall have ~he opt~on to receive a~xf apply the same on accoun~ of ~he indsbted- neis secured hereby w to permit said MORTGAGORS ro reteive and use it W any pa~l thereot for o~bcr purFwses, ~.v~~hout th~+eb~ waw~n3 c~ unpair ~ ~ng any equ~ty, lier+ w right u~ or by vir~w of thts moz~gage: and in ~he ~vent ~a~d MORiGAGORS shall (w ~ny ~~awn (ai~ fo keep ~he sa~d premiia~ io ^ ~na~red, w fail lo deliver p~omptl~ ~ny of said po~ic~es of insura~c~ 1o said MORTGAGEE, o~ tail promptly to pay fu11y a~y p~an~ium tixre}ar w•le? anY rrspect fail to pertam, d~scAarge, exec~te, effect, comptete, comply w~~h and ~bide by th~a cove~aro, a a~y part hereof, said MORTGAGEE msy p~+c~ +~d , pay fw tuch insurance w any part thareof wi~hout weivirg o~ a(feui~+y any op~~on. lien, equ~ty, a right under or by vi~tue of this M«tgag~. +~+d the +~,11 artw~nt oi each ~nd every tuch payme~t shsll bs immrdiately due a~+d payable and shall besr interest irom 1Fa dats thereof until paid at Ihe ral~ o~ e pe~ centum psr annum and to3Nhrr w~th such inte~est shall be secured by the t~en of thls mortgage. 1, 7o permir, commi~ w sutfer no wasts, impa~rmenl or deteriorotion of said properry w+nY part tF?ereof. S. To pay all and singular ths cwts, charyes and expenses, ~ncludirq a reesonable at~uney's fee ~nd costi oi abstracb of title, incurred or p~id at ,~,y time by sa~d MORTGAGfE; because a i~ the event of the fa;lure on ~he pe~~ of the said M~RTGAGOR to duty, p~anR~~Y ~^d fu11y periorm, d~xhargs. exrc~te, effect, compkro, complY w~~h and ab;de by each and every the stipula~~c+ns, agreements, ca+ditions, and coveaams of said pranissory note and ~h7s „orrgage any or eith~?, and sa~d costs, cMrges and ezpenses, each +nd a+~e+Y. sha~l be +mmed~ately due and payabte; whe~he? o~ not there be notke d~ c:enJ, attcmpt to to11M a wit pend~~g: and the full amount of each and every such payment shall bear intares~ from 1hs date thercol uMil paid a1 the oi n;~e pe~ crntum pet en:wm; and all satd cosn, cnerges and c~prnses ~ncurred or pa~d, ~ogether wnh such inlerest, shall be tetured by the lian oi thit mor tgag0. b. That (s) in the evenf of any breach of this Mongage or default on ti,s part of the MORTGAGOR, w(b) ~n the event any of sa~d sumi of money hrrein referred to be no1 promptly anci fully pa~d within th~rty (30) days ~ex~ aiee~ ~he same cevera!ly become due and payable. without demand a nolice, er lc) in the e~e~~ each and every the stlpu~ations, sgrecments, co~d~tio~s and covenants oF sa:d promiuory note snd th~s mwtgsge any a eitF?er are r?o~ i~~:y, pra~~pNy and {utly perfe::r.ed, dscha~ged, eaewted, eliec~ed. crnnp~eted, compl~ed with and ab~ded 5y, then.~n e+ther or any auch eveot the iaid ag 3rcgate sum men~ioned in said p~omissory note thee rema~ring unpaid, with interest accrued, u+d al{ monaYS secured hereby, shall beceM~e d.~a arx! pay- ao r fonhwith, or therea{ter, at tiie option of sa+d MORiGAGEE, as fulty and completetv as i( ail of the said sums of money were a.g~~+lty st~putated pa;3 ~rs such :f~y. 3:7ilhtt:y en =_*d r-~~*+:sse:y nor. o• i~ thcs Mwtgage io the caurary notwithstand;og; and thereupon or thereafter at the opuon of s,:d 1~10RTGAGEE, w~thout no~~ce or demand, suit at law or in equ~ty, therefore or thereatter begun, may be p?osecutetj as if aii moneya sKuti~d iczreby n,d matured pnor to ~ts inslilution. 7. That in the event that at the begi~n~ng of o~ at any time pending any suit upo~ this Mortgsge, or to forectose it, or to reform it, or fo enforp ~.,rment of any cioims hercur.der, wid MORTGAG"tt shaN app!y to the Courf hav~ng ~wnd:u~on tnereef fw the appoiotment of a Receiver, such Court s1w~~ ,v~th .~po~n1 •~ece~ver of sa~d mortgaged prop~:rty all and s~n~ula~, inUud ng aIl and sl~~~u~ar lhe intome, p~ofits, issves and revenues from whatever s;-ce derived, each and every ot`~ti•:th, it br~ng expressly unders~ood, is hereby morrgagcd as if spec~fically ut fath and described ~n ~he 9rsnting and endum c+avaes hereof, and such Receiver shail have a11 the b~oad a+~d eifecr:ve f~nc~:ons and powers in anywise entrosted by ~ Court to a Reteiver, and s;n appointment shafe be made by s~~ch Court as ~n admitted equ~ty and a matter oi sbso:u~e r~ght ro said MORiGAGEE, ~nd without reference to the .,:f_q~_cy w inadeqvacy ol the value oi the properry mortgaged or to the so+verr.y or ~nsotventy o( said MORTGAGOR or the defendants, a~d that such .~s, profiis, income, ~ssues and revenues shafl be appiied by such Recerver accord~ng fo the lien or equily o! said MORiGAGEE and the practice of such Court. 8. To duly, prompt!y and fully pe?form, discharge, execute, ef{ect, complete, comply w•ith and abide by each and every the itipulations, agrcements, conditions and covenants fn sa~d promi~swy note and eh+s mortgage set iwth. 9. Ihat in the event the ownership of the mortgaqed premises. or any part thereof, becomes vested in a person other than the MORTGAGOR, tF+e ~ RTGAGEE, its successcrs and as:~gm, may, wlihout r.ovice to the N~ORiGpOR, deal wrth wch successor w successor in interest with reterence to this ~ ~-tgage and !he debt hereby secured in the same manne~ as x~th 61~rt9ago~ w~thout in any way vit~ating o? diuharging the MoFtgagors' li~bility hert ~~~d•:r w upon the debt hereby secured. No sa:e o( tize F~emises h~~reby morigagcd artd no lorbeara~te on the pari oi the MORTGAGEE or its suttessors a~s~gns and r.o extenseon of the time fw *.he payment ot the debt hereby sewred g~ven by the MORTGAGEE or its sucteasors or assigns, shatl operate _~...,..a .ss..~. ~?,a ~k,..,al Gao~i~tv of the MORiGAGOR herein, eith.er in whole or in psrt. ~v .~.~~:Y]i:• i1.~1`~i.y[.• -:.~~u..~ ~,.r. f~ . ~ 10. H is speuf+cally ag-eed that time is of thr essence of th~s co~tract and that no waiver of any obligat~on hereunder or of the obl'gaYwn sr c~:red h.:reby sha!f at any time thereaiter be hetd to be a wa~ve~ of the serms hereof w of the ins?rumrM secured Ixrby. 11. In add:r;o~ to ~he iorego:~x) mon~h~y paym~nts of pnac pat and 'e^.+_rest requ~red by the p?omissory note secured hereby, mortgagor covenants ~ agrees to pay to mortgzgee ~with each monthty pay~.xnt an add~~~cna~ surn esnn:ated by mortgagee to be equal to 1~12 of the artnual tost of the fotlow- a-A!I real properry taxes levied or aues~cd agai•ut the above descrihed rea~ euate_ 8-Prem~~ms on (ire and wir.dstorm mwracce as h?rein req~~red to loe carried cn the improveme~ta situate on the above described p~emises. C-Prar•~um: on such mortgage guaranty ir.w~a..ce as mo~tyagee shatl fro-r: t-me ro tune deem fit to carry on the loan secured hereby. E Mlort9agee stia l from ~ime to t~:ne norify mertyaqor +n writmg of the a~~~ou~t d~e and payable hereunder and such sum shall thereupoo be due and ~ ,.:b!e on the dur oaie af th> next month:y payment and e::ch successne month thereafter uaril mortgagee shall notify moftgagw of a change in w.h ' oun~. Such wms sha~f be applied br mortgagee tov.a~d the payment of real property taaes, insurance p~em.ums, and mortgage guaranty insurance e ~ . r~~:iums. iN \'lITNE55 WHEREOF, the said MORTGAGOR has hereunto set his h~nd a~d sca! the day and~.year first s~ said_ ~ ~ $igned, Sealed end delivered in the p?esente ofc LL' i~~` ~ SeaO ; oh . Shor r'dg ~,q i ~an ~ ~ Sally ortzl ge ~ _ ` SratE OF FLORIDA 1 :.'~'.li~ OF $t, T.11C1@ j SS. Befwe me pe?sonally appeased JOhn "W Shortridae ~ •"d $~11~/ Shortridge his wife, to me well known and known to me to be e ind~viduats described in and who executed the foreyoing instrumcnt, and acknowiedged befwe me that they executed the same for the purposes ~~~•ein expressed_ And the said Shcly Shortridge of t?~ ~~d John W. Shortridge ~Pw+. s~+r~i. a~d a~•t. ~ ~•a~ninatlon by me taken separate and apart from her said husband, atknow:edged to and beforc me that she executed said ~nattvmenl freelr and rdun~ ly and w~thout any compvis'an, tonstramt, apprehension, or fear of or from her said husband. • ~ ~ WITYESS my hand and o(fiual seal this- 8th d. o{ p1U t1St . JL•~: 19?4~ v ~ - ~ Notary Pvblic in and (w S~{! fbr~ls art tsrye _ ~ My Comm~sian expires. ~ //J.~'„('f ~ Retum To: Q~~ r~ ~ ~ : ~ . , : G_ First federai Savmgs S Loan Associahon . ~ Of Fore P~erce. :v , ~ J ~ {~er. ? 4.~ ? .csknEO : = ' , . . forl P~NCC, Ficr;da ,•J•, yTr FU. _ iT-I~G ~ ' - ,iab5 F,:.G~ ~ ' 4 RT CLE~ ~~.,::utr COU . PCP^F.'_ . 7 This Instrument Prepared By John W. Col lins ~ 36 ~H First Federal Savings 8~ loan Eio ~dan ^~G ~ of Fort Pierce , Checked By ~G~[7.~J9 . ~ BooK230 Pa~E2149 ~ . _ , ~ ~ ~ - - - - - - z ~ ~ ~ ~ ~ ~ ~ ~ a ~_v,. . . s~~~` _ ~ .