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HomeMy WebLinkAbout2152 3. To place and co~tinuously kcep a+ ths bui!du~qt now or hereafi~~ ~itusl~ on tisid land ~nd on all equipnrn~ and pe?sa~aily covaed by this mwt¢ w ~g~. wilh all p~emiums thereon pa~d in (ull, I~re i~su~ance ~n 1he us~al ~+anda~d policy form. in a fum apptoved by the MORIGAGEE. and windstam • ~ns~ra~ce in tM uiwl ~undard pol~cy twm, in • sum approved by ~M MORTGAGEE, in ~uch company or canpa~i~~ ~s tM MORiGAGEE may dirKiJ and all firs snd vrinds~orm in~ur~nce polKies on sny ol aaid build~~gs. any i~te~ost lherein or part eheraof, in the agqrey~~t wm ~iorefa~d a , in axceis Ihe~eof, thall con?ain Ihe usvei uandard mw~9ag~e c~suse a iuch o~M~ c~auce ~i th~ Mor~qsgee may rsqu~r~, ma?iny tM ?oss unde~ za~d polr' c~ee, esch aod evary, payable to said htORTGAGEE as its interest maV aPpe~~• +~d eech and every such poi~cy shall be p~wnpl~Y +ts gned snd delive~ed ~o any held by sa~d MORIGAGEE as fur~her seturity to said morlyag~ debt, and, no~ ~eu Man ten (10) dayt in advance ol ths expir~t~on of esch pol~cy, to d~- Gver fo said MORTGAGEE a renewal lhereo(, togelMr with a rece~pt for the ptemwm ot suth ~enewah and Iher~ ~hall be no fre o~ wind~~orm i~wranc~ placed on ~ny of taid buildings, ~~y ~~rortst 1t?ere~n ot p~~~ ~~~~f, ~nleu in ihe ~orm erxl wifh the lou payable at a(weuid; and in the e~eM aoy sum cf nw~ey becomes p+Yable ~nd~r ~uch policY a Pol~ci~s uid MORiGAGEE a~all havs ~Fw ophon to receiva and appiy the s~me o~ account ol ~he i~debted~ ness secu~ed hereby a ro permil wid MORTGAGORS to reteive and u~ it w any part ~hc~eof for other pu~poses, w~thout th_r~b~ wa~~~:y or impair ` ing any equ~ly, lien a~~ght ~ndcr or by vi~tue of ~hii mo::yage; and in Ihe evcn~ w~d MORTGAGORS shali (w any reason fail to keep ths sald premi~es w ~nwred,.or fsil to deliver promptly any of sa~d pol:c~ea oi insvnnu to s~~d MORTGAGEE, or fail promptiy to pay futly anV Promium the~elor o~ in a~Y ~ re~pect (ail to perform, d~scharge, execute, efiect, cor.+p~ete. comply with ~nd abide by th~s cove~a~L a any part hs?eof, s~id MORTGAGEE may pl~ce a~+d . pay fw such insurance w sny parl thereof without w+ivi~g w alfecting any op~~on. lieo, equ~ty, or right unda w by vi~tw o( this Matgage. and tht fvlt amount of each and evsry such paymeni shsll be ~~n+ncd~ately due and payab~e and sha11 brar interest irom ~he da~e ~hereof un~il pa~d at the rate ol n~ne per cenrum pe~ annum and togethzr with such i~terest shal~ be sac~red by the I~en of this ~+o~lgage. 1. To pe+mit, comm~t ot sufier no waste, impairmrnt a detereoret~on of said p~operty or any part thereqf. 5. To pay all a~d singula~ the cos1~, clwrges u+d expenses, including s reosonsble attorney's fee snd costs of ~bstracts of title, i~curr~d ot paid at any time by said MORTGAGfE, because or in 1he event of the (ailure on the ~n oF the said MORTGAGOR to duly, promptlY and fully perlotm, d~xha~ge. exzcute, effect, toa+plete, complY wlth and ab:de by each ~nd evrry the stipulat~o~s, a9ree~nenn, tonditionf, and covenanti of seid promissory note and thii r„ort9age any o~ ei~her, and sa~d costs, cAargea and eapenxs, each and evcry. shail be immed~ately due and p+yable; whether a ~ot there be not~ce de~ mand, attempt to colled w suit pe~d~ng; and the full amounl of each arxl e~e~y such payment slwll bea. interast I~om the date thereof un~il paid at the ~.~<<• u~ nlne per centu~n ~xr amwm, and all said cosrs, cha~ges and eYprnses incuired w pa~d, together w~th s~ch interest, sMll be sKUred by the Iien o1 this mOrtg~l. 6. That (s? in the event of any breach of this Me+tgage or defautt on tM pa~t of the MORTGAGOR, w(b) in the eveM ~ny of said sums of rtw~ey fierein teferred to be not promptly and fuUy pa~d within th~~ty (30) days r+ext aftrr the aame severatly ~etome due and payable, withoW demand or notice, or (c) in Ihe event each and every the stiputa~ions, sgrremert!s, tonditio~s and covenants of sa.d prom~ssory note and 1h~s mw~psge any or eithe? a~e nof i~iy, p~ompdy and futty ~rformcd, d:stha~q-~d, °~etvted, cffected. eompteted, tomplied with a~ed ab~ded 5y, lhen in eithe~ or +~Y such eveM the ss~d +g g~e9ate sum meNiooed in said prom~ssory note then rema~ning unpa~d, with interest accrued, and alI moneys setvred ixreby, sMll becwne due and j,ay eoie forthwi~h, o~ thereafter, at t~e oprion ol sa~d A10A1GAGEE, as fv~~y and completely as ii a!I of the said sums of money were orginally st~pulatcd : +•-z .M:~ er in th~s M~tc3a4e to the to~trory notwithstandiny; and therevpa+ or the~eafter at the opnon of ro oe pa.u w} iuc~ 3~y, Ji:y:.:::~y 's:: a..... r'^ :_`--'-Y sa.d MORTGAGEE, without nehce or oemand, suit at law or in equdy, the~eforc or therrafter begun, may be proucuted as if ail mooeys secured i~rinby n:d matwed pnor to ~ts institotion. ' 7. That in the event that et the heg~nneng of or s1 any time pcnding any su+t upon f?~~s M.ortgage, o? to foreclose if, w to reform it, or to e~forc~ F ayment of any cla~ms hereunder, aaid h10RiGAGEt shaii apply lo ~he Court ha.~r.g y~nad.c~~on thereof for the ~ppointment of ~ Reteiver, suth Cour1 shaN i:r.hw~ith appoiN a receiver of aaid mortgayed proprrty all a:id sing~lsr, includ.ng oll and sing~lar the income, profits, issuef and revenvea from whatever s-~rce derived, each end every of wh~ch, ~t be~r.g expressty understood, is ~e~ruy murigaged as if speuiically set forth and dex~~bed in ~he g~anting aod habendum dauses hereoi, and such Recerver shatl have atI the b~oad snd efl¢cr~~e f~,:a ons and powers in anyw~se entrusted by a Court to a Receiver, ~nd s~:h appointme~~t shall be made by such Court as an admened equity and a rratter of a5soiure right to sald MORTGAGEE, and without reference to the a_:eyvacy w~nadequacy of the value of the p~operty mortgegeti or to the soivency or .::ioivency oF said l~10RiGAGOR or the defendants, and that such r:-n+s, profits, incorne, iuues and revenues shail be app~~ed by such Receiver accord~:+g to ihe ~ien w equity oi said MORTGAGEE and the practice of such Court. 8. To duly, promptly and ful~y perform, d~schargr, execute, effect, co~np:ete, ton,pl~ with and abede b/ esth and every the stipulations, agrcements, c_~nd~tions and covenams sa~d promissory note and i~~s mcrrgage set forth. 9. That in the event the ovmenh~p o( the mortgaged prerr:ses, or any parf thereof, becomes vested in a person othe? than the MORTGAGOR, the RiGAGEE, its suttessws and assigr.s, may, w~~hout no~:ce to the A10kTGA~R, dral w~~fi such succrssor or successor in inu~est w~1h reference to thia ~ c•tgage and the debl hereby secured in the aame ma.^.ne~ as wrth fdorigagor v:ithout ~n aoy way vii:ating w d~uharging 1he Mortgagori liability hera ; nder or upon the debt hereby secured. No sale of the c~emises hereby mo~tgaged and no forbearante oe ~he part of the NIORTGAGEE or its successws cr assigns and no exrens:on of the time ior the payment oi tne deb~ hereby secured g~ven by the MORTGAGEE or its successws or assigns, shall operate .i~~.. ;~.1 t~w.,,b~v o4 ~he MORTGAGOR txrein, either io whole or in p+rt. ~c~co~e. u~s.i..s.yc. ..w_:.~ y_ . _ ...n 10. It is spcutica+~y ag.eed that t~me is of the esse~ce of th~s contraa and that oo waiver of any obGgat~on hereunder or of the obtigsYan sr c~ red hc:reby shali a~ any time the~eaiter be i~eld to be a waiver of the terms hereof a of the instrument secured F~erby. i 1. In addrt:o~ to the fwego'~9 monthly paym=nts of a•~nc'pa~ and inrerest requ~red by the promissory no!e secured hereby, morlgagor covenants -r.d agrees to pay to mortgagee with each month;y pay.r:ent an add~rional sum es+:mated by mortgagee to be equal to 1% 12 of the annual cost of the foliow- A-A!1 reai preper!y taxts lev~ed or aisessed agai~sf ?h~ aoave deuribed real est~te. B-Pre ~,~~~ns on fre and windsterm insuracce as here~n requ:rr,d to be carried on the improvemeats situale on the above destribed premises_ j C-Pre~-i~ms on s~ch mortgage guaranry icsurar.ce as mortgagee sha~l from t rc+e to time deem fit to tarry on the ban secured hereby_ j Mortgagee shall frcm rirne to t~me not~f~ me•tga9or in v.~+~:ng of tne amount d,.e and payable hereunder and such sum shall thereupon be due a~d ~ ~,ah'.e on the due date ot 1he next ~~onth:y pay~r.ent and each success~ve month thereaf~er ur.til mertgagee sha!1 notify mortgagw of a thange in su:h ! ;unt_ Such sums sF.ail be applied hy mortga3ec ro+~ard the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ . ~.::~urr~s. ! IN Y~ITPJE55 `l':H:REOf, the said IJIORTGAGOR has hereunto set his har.d an! seal the day a~d year first afwesaid. ~ '$igned, Seel d and detive*ed in the presenct of: ` - ~ ~sn O il See4 , (Seaq - - • ~,a4 5;%:TE OF FLORIDA ~ u. 'J'J~JTY OF $t. I,I1Cle ~ 1 ~fore me personally appeared _ TOb~'fY York - +~+d _a rol in e_ J~~~ ik his wife, to me well known and known to me to bs r~~, individusis described io and who executed the foregoing instrumem, and scknow:edged befwe me that they executed the same for tF~e purposes ' ~Fe.ein expresxd. And the sa~d Ca roline YOY{C - ~ Tommy '4 . YOIk upon a sepsrate and pr'rvate n +e of the said _.~m'na+ion by me taien separate and apart f.om her said husband, acknowledged to and befo~e me that she executed said irutrumeM freely snd volun- and w~tho~t any compulsion, constraint, appre ens~o , or fear of or frcm }xr said husband. 74 ~ WITNE55 my hand and official sesl :hls_ day af Au uSt A. D. 19 ~;A F + n N ary Public in and fw the State Q~~~a. ~t l r~s, y Commission expires• ~ > ~%+'S"~ ' _ Return To: . ~ First Federal Savings a loan Associat:on ' t ~ ' ' . ' ~ Of Fort P~e~ce. ~ - ' ~ " = - = fort P~erce, Florida ; ~ ~ _ - • C~~ `r ` ` ~ ~ ~ . . : : This Instrument Prepared By ~'obert A. Swisher, Jr. ' First Federal Savings & Loan Assouation _ aEG.1K~~0 FILLD ~ ~V~~i~t Itei:~NN~~~ of Fort Pierce , Flo~ida 33450 sT.~~~ t.`:~;s~:q~6~ ~ - ~ ~ • C~URT r:::~, ~ Checked By : • - ~ ~ . _ . $ 36 ~H'~~ BoQK~+ul1 PACE~~51 a~,c r3 ~sw ~ ~ro _ - - - - ~ z~~` F ~ ~ z ~ ~'~.a _ n. a _Y-_,._ . "