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HomeMy WebLinkAbout0611 ~ To plac~ and continvously keep a? the buitdinps now a Mreaf~N utwt~ on said land +nd on +i~ eqv~pmtn~ and W?waa~ly covaed by Ihit mw~~- ~ +p~, with ~II ptemi~ms the~con pa~d in iull, iire insuraoce in tM viuat iurxiard policy form, ie~ • i~m ~pprovw' by tM MORTGAGEE, and winds~am ~ inwr~nc~ M tM uawl itandard policy fonr~, In ~ sum ~pprov~d 6y tM MORTGAGEE, in s~ch company u ca^P+^~ts +s MORTGAGEE m+y diract~ aed all (ir~ and wie+dsrorm iniuranu' polic:es a+ a~y of isid build~rgs, ~ny inttr~it ther~in a p~rt Iherwf, {n ths ~pgre'ate wm afaesaid ot ~ in ~xc~ts Ihe~eof, thafl contain fh~ uiual standard mortgayk clavse a s~ch o1Mr ciau~ a tM Mo+tyagN may ~equ'u~, maktr+p ~hs lou unda s+~d PoIF ci~s, each ~nd ~vKy, payabt~ to i+id MORTGAGEE as it~ interest rt+ay ~pp~a?. +nd each and ~ve.y such pulicy ~hsll b~ promptly. ~i~ yned and delivared ~o any held by u~d MORTGAGEE ~s fu.~he~ sec~rity to s+~id mortp~q~ dcbt, ~nd, nW ku than ten (10) d+ri u+ advance of Iha expi~~fion of each policy, ~o d~- IivK ro wid MORTGAGEE a ru+swal thsreof, toqe~Fw~ wirh a ncapt fw tM pr~mium o1 wch renew+t; and ~Mre aMll bs no f'ae o. windttwm insurat~c~ pl~ced on ~ny of saed buildirys, any intsreit tMrei~ w part 1Fwrwf, unleu in tFK iwm and with tM loss payabl~ u ~fwesaidj u~d in tl+~ evant any wm . of mon~y becomes payable undsr s~~ch policy p policies said MORTGAGEE shsll haw tFw optan lo recsiv~ ind spply tM ian?e on +ccovN of tM indeb~ed~ n~ss secured M~eby or a permit said MORTGAGORS to receive ~nd us~ it a any part ~hereof for o~her purposes, w~~hout ~h:~eb~ wai~i~.9 w~mpai~- irq a~y equtty, lien or right unde. or by virtw oi ~F?is mo:ty~pe; u~d in tM ~ven~ saw! MORTGAGORS tMll for ~ny roason f~il to keap ~he aid pr~misas w intwed, o~ fail 1o deliva pranptly ~~y of ssid potities of i~wranc~ ro s~id MORTGAGEE, or fail prompHy to p~y fully ~~y pr~mium therofw a in u+y rssp~ct f~il b pKfam. d~schsrgs. ~xawte, effM, comq~N~, comply with ~nd sbid~ by this covtnant, w ~~y part heraof, ss~d MORTGAGEE may place and paY fw ~uch Guu~ance w ar+y put tMreof without waiviny w ~ffedkg aqr opt~on, litn, pvity. w riqht undK w by virtw of ~his Mortpay~, and tM tull arnount of each end ewry uxh paymenl shall bs immediately dw and payable ~nd shall bssr intsrast from tht daq thereof untii paid at IM ~at~ ol nlnt per cyntum pa am~rm and to~ether wirh such interest i1u11 be secured by tM li~n of this mwt9ey~. 1. To ptrmit, comndt or ivff~r no wsste. impa'ument a dNeriwatio~ of wid propaty ot ~ny put thsreof. ' 5. To p+y all and siny~l~r the costs, chupet and exp~nses, includirg ~ reasonable anorney i fea s~e! costs of sbstrscts of title, incurred w p+~d at any t~me by said MORTGAGEE, becauie or in tM ~vent of the bilure on the part of the said MORTGAGOR ro duly, promptly ~nd fully perfwm, d~scharge. execvts. effect. cbmpktt, comply with and abide by ~ach and every the ttipula~ian. egreements, conditions. and covtna~n of said promissory note and thq mortyape ~ny w either. and said costs, th~rqss and expenses, sacl+ snd every, shall b~ immediately dw and paysble: whether a not thero be no~Ke d~ ma~d, attempt to mUsct or suit psndingj u~d tFw full ~mount of each and every such payment aMll bear iMersst f~om 1he datt tMreof until paid at the rate of nint per cantum per annum; and a{I said cosri, charges and expenses incu~red or pa~d. logether with suth interast, ahall bs setured by the lien of thii mwtpaye• 6. That in the evtnt of aey bresch of thi~ MortqaQe o? defavlt on ths p+?t of the MORTGAGOR, or (b) in tM event ~~y of said swns of money herei~ rtfer~~d to be not promptly ~nd fully paid within thirty t30) dayt nsx~ afre? the sarrw sevaatly become dve snd payabl~. without dt~nand w notics. w(cj in the ewnt exh and every the stipulations„ sgreemsnts, conditiom a~d coven~nfT oi ~u~d promiuory ewte snd th7s mutpage anY or either are nol _ iuly, prompNy and fully ptrformed. dixMrged. ezecuted, effected. completed. concplied with and ab~ded hy, then in either or _any such swnt the sa~d ag pregate sum ri~er+tioned in said promissory note then remaininp unpaid, with interesl accrued, and all maneys secured hereby. tMtl~ betwne dw and pay~ able forthwith, a thereaiter, at the option of said MORTGAGEE, as f~lly ar+d completety as ii all of the said sums of money were wiginally stipulated ro be paid on such day. anythirg in said promissay note or in this Matg~ge ro the contrary notwithstandiny; and thereupo~ or thereafter at tM option of said MORTGAGEE, without notice or demand, wit at law or in aquity, theretwe w ~I~ereairer cegun, may oe pruaci++le + as ~f ~ ~ t'~Ri"s ;~~~:t~ he't5Y had matured ~not lo its institutiw~ 7. That in the event that at ths beginning of w at any time pending ~~y suit vpon this Mortgsge, w to fdeclose A, w fo retwm it, or fo enfora paymeM of any claims hereurxkr, ssid MORTGAGEE shall appty to the Court having jwisdiction thereof for the appo7ntmem of a Receiver, such Coun shall fwthwith sppoiM a receiver of said mortgaged property all and sirgula~, incl~d~ng all and singular the incorrie, pro(its, issues and revenues from whatever wurce derived, each and every of which, it be~ng expressly unders~ood, is hereby mortgaged as if spetifically set fath and described in 1he graming and habendum clavses hereof, and such Receiver ahall have afl the brosd and effective funcho~s snd powers in anyvrise entrusted by a Co~rt to i Receive?, and such appointment shall ~ made by such Cou?t as an admitted eq~ity and s ma~ter of absolute right to t~id MORTGAGEE, and without referenca to ths adequacy w.inadeQuacy of the vatue of the property mortgagrd or to the wivency or ~nsoEvency of said MORiGAGOR a the defendanri, and Ihal such rents, proiib, income, issues and revenues sMll be applied by auch ReceivcK according to the lien w equity of s~id MORTGAGEE and the practice of such COUft. . . ~ i 8. To duly, promptly and fulfy perfo?m, d~sch+~9e, executq effect, complete, comply with ind abide by each a~d avery tl+e stipulatio++s, agreemeMS, ; conditions and covenams in said promissory note and ~his mortgage ut forth. i 9. That in the event the ownership of the rtartgaged premises, w a~y part thereof, becomd vested i~ a penon other ihs~ the MORTGAGOR, the MORTGAGEE, its successws and auigns, msy, without ~otice to the A10RTGAOR, deal with svch s~ccessw w successor in interest with re(erence to this mortgaQe and the debl he+eby secured in the same manner as with Mortgagor without in any way vitiating a discha?gi~g the Mwtgagors' lisbility hera ~nder or upon the debt hereby secured. No s~le of the premises hereby mortgaged and ra forhearance on the pah of the MORTGAGEE or iti successon or auigris and ra extension of the time for rhe paymrnt of the debt hereby secured given by tF~e N10RTGAGEE or its successws or aui9ns, •hall operate ro release, diuhar~e, modify chsnge or affect the oriyina~ liabil~ty of the MORTGAGOR herein, either in whole or in part. ~ i 10. h is ~specifrcally agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obligation sr ; cured hereby shall at any time tfxreafter be held to be a wsiver of the terms I~ereof w of the instrument secwed herby. ~ 11. In add~tion to the foreg~:ng monthly payments of princ'pal and interest required by the promissory nole secured hereby, mortgagw tovenanis - and agrees to pay to mortgsgee with each monthly payment an add~rional sum est;mated by mortgagee to be equal to 1/12 of ti+e annual cost of the follow- ~ f i,lg: A-All real property taxes levied w assessed agai~st the above described real estate. B-Premiums on fire and wirxistorm insurar.ce as here7n requ~red to be carr~ed on the improveme~ts situate a? the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to tarry on the loan secured hereby. _ I AAwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ! FayaWe on the due date of the next monthly paKment and each succeasive montfi thereafter ur.til mortgagee thall notify mort9agw of a change in such ~ amount. Such sums shaSl be applied by mo~tgagee toward the payment of reat properiy taxes, insurance premivrns, and mortgage guaranty iasuronce premiums. IN WITNESS WHEREOF, the said MORTGAGOR has Fiereunto ut'his hand and seal the day and year first afwesaid. Siyned, Sealed and delivered in the presence of: r-_~~/ ~ r,~.u. ~ c- ~ .,~~~r, _ nc~ w r . a e Witnesses ' ~ ~ rtar , . Battle ST~ OF FLORIDA St. Lucie ~ COUNTY OF Before me peraonally appearcd Edwazd P• Battle Mary ? Bdtt1Q his wife, to me well known and krawn to ms to bs the (ndividwls described in and who executed the fweyoinp instrument, ~nd scknowledged befwe me that they executed the same fw ths,.Pwposes rherein expressed. And the sai • Ma r v T. B at t 1 e wife of ~~d fidward P. Bat tle ,,~k~..d;''q.,ii~i~ ezaminsYwn by me take~ separate and apart from her said husbartd, atluwwledged to and befwe me thsf she ezetuted ssid ir?strumep~`~~ebr,~t~L ti~ iJ il ii~ } rarily and without arry compulsan, constraiM, appreFKnsion, or rfeu of or from her ssid husbsnd. ':2;~` , . WfTNESS my hand and official seal thii d~y of i`ovember r ' ~ ~~•%~,~D: 19 _ - • < < ; : ~ - ~ Notary Pub~ic in ~nd for the State of-fiaiaa a~arpi yys:~.4-' ~ . . ' ~ : My Comn?ission expires: " ~ • . - Return To_ ~ ;~G -c~ ~t-~''? ~ Fi~st Fedcral Savings b loan Associat~on SARA LOU RICHAROSON, Natary P~btk:~`~.~''~ tt V.~.~.~. , BeWel Park BorouyA, AIIpLeoy G., Pa. . ~ Of Fwt Pierce. ~'•••"~~Qti~. My C~wwlssiwl Eupltq Wrc~ 7~ tY1~ C O ~ ~ t, Fort Pierce. Florida ' t ~ - ~~~~yqNttt~s~~~ F~LEO ay;; ~E~pRDEO . . ~ 6T. aacE~~ ~~tR~s ~~t. ` This Instrument Prepared By Richa,rd K. Ka?yes First Federal Savin s~ Loan Association CLERK CI~CUIT COURT 9 RFCoRt~ YE-:lFIEO of Fort Pierce , Florida O~c 3 9,04 AN'T~I Checked By ~ eoox ~4 Pacc 6i~ 2;~q~ ~ . _ _ - - _ _ ~ ~ - ~ - ~x , ~ ~ _ , -