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HomeMy WebLinkAbout1118 To place and conrinuously keep on the bu~:d~ng~ now or hereafter s~tuate o~ sa~d ~snd and on ali equ~p~nent and pe?sonsl~y covered by th~s mc-~g- , ~ge, w~th ell p~emiums thereon µ?+d in iull, fire insurance in the usual s~anderd po~+cy form, in a sum appro+ed by the MORiGAGEE, a~~d w+nd~W~m iniuror~ce in the usual ~tanda~d poGCy fo~m, in s sum appro.ed -?y the MORiGAGEE, in such tompa~y or companies as the MORTGAGEE may direu; and all fire and w~nd?~orm insurance poliues on any of said bu~id~ngs, any Interes? therein or part thereof, in tM aggrey~re sum aforesaid or in excess thereof, s~all conrain ~he usual sfandard morigagee cl~use w such o~her clause as the Mor~yagee may requ.~s, meking ~ha loss ~ndrr se~d polr . dea, euh and every, payab:e to ss~d MORTGAGfE a~ S~s in~erest may appear, and each and every such policy ~haN be promptly ass gned and deliveTed to any hcld by said MORIGAGEE as iurther ~ecurity to wid mo,tgage deb1, and, no1 less than ten (10) days in advance o( the expi~at~on of each policy, to dr liver lo said MORTGAGEE a rer~ewal thereof, Iogetha wi~h a receipt for the prs~nium oi such re~ewal; and th~re ~hall br no f:~e o. windsro~~n ins~rance pteced on any of said b~ildings, ~ny interesl Ihere,~ a psrl the~cof, unless in the to~m and wi~h ~he loss payabte as aforesaid; and i~ the evenl a~y sum ~ of money becomes payable undrr such po6cy a poGues sa~d MORTGAGEE shall have ehe oprion ro receive and app!y the same on acca,nt of the i~~d~b+ed- ness secured hereby o~ to permit said MORTGAGORS to retaive a~d use il oa any part thercof for o~ner purF•osrs, v:~~hv~t th~~~u~ w,;i~i,~~ u~ ~+=~p.:~~- - ing any equity, lien w iiyh~ under or by virtue of lhis mortgage; and in the event sa:d MORTGAGORS shall for any reason fail to keep the sa~d premises so ~nsured, a(ail to de~iver promptly any of said polKies oi iniurance 1o said MORiGAGEE, or fait p~omptly to pay fully any pre~n~um therefor or in any reapect fait 1o pe~fwm, dixharge, exec~te, eflcct, complefe, compty with and ablde by ~his covenant, or sny part hareoi, said MGRTGAGEE may p1ac~ a•.d pay fa such i~su.ance w any part the.eof wi~hout waiving or aftecting any option, lien, equity, or right u~der or by vi~tus of this Ma~gage, and the f„II amoun? oi each and every such paymen? shall be immed:ately due and payable and shall brar inierest from tho date thereof u~til paid ai the ra?e oi . n~ne per cantum per annum and together w~th sucA inte~est sheli be secured by the lien of this mortgsge. To permif, commit or suffer no waste, impairment w dete~ioration of sa~d property w a~y part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAGfE, becauu a in the eve~t of the failure on the part of ~he said MORTGAGOR to d~ly, promptly and fully perform, d~scharge. exe<ute, e(iea, compk~e, comply w~th and ab:de by each and every ~he stipulauons, agreements, cond~tiona, and covenants of ia~d prom~sso~y note ard ~his n:o~tgage any or ei~her, and sa:d costs, charges and e~cpenses, each and every, shali be immediately dve a~d payable; whether p not there be no~ice ds R,and, attcmpt to collect or suit pending; and the tull amovnt of each and every svch payment ahall bear interest from the date thereof until paid a1 the r,~te o~ nine per centum per an~~u:~; end all said tosts, charges and eapenses irxurred a paid, together wdh such interest, shall be setured by the lien of thit mortgege. 6. Thal (a) in fhe evero of any breach of this Mortgege a defaull on the part of the MORTGAGOR, or ,'l~) in the event any of uid sums of money herein referred to be not promptly and fully paid within Ih~rty (30) days nea~ aiter the same severat~y becortx due and payable, without demand or nouce. or (c) in Shr event each and eve~y the stipu:ations, agreements, conditions and covenants of sa:d promiswry note and th~s rtwrtgage a~y or either a~e not iuty, p~omptly and fu~ly performed, d~scharged, executed, eftec~ed, canpleted, comp~~ed w~th and ablded Sy, then in either or any such event the sa~d ag- gregate sum mentioned in said promissory note then remaining unpai.l, with iroerest accrued, and a11 moneys secured hereby, shall become due and pay- abie forthwith, w thereaher, at the optio~ of said MORiGAGEE, as fully and completely as ii all of the said sums of money were ong~nsity it~pu~ated to be paid on such day, anything in sa:d p~om~zsory note or in this Mortgage ~o the comrary notwi~hstand~ng; and thereupon or thrreafte. at the opuon of s>id MORTGAGEE, without r.ot~ce or demand, suis at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r,=d matured prior to ~ts institutioo. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to foretlose it, or to reform it, or to enforce payment ot any claims hereunder, said A10RTGAGEE shalt apply ro the Co~rt having iu~~sd~c~ion thereof for the appo~ntment of s Receirer, such Court shall fc.rthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the irtcome, prof~ts, issues and reven~es from whatever :curce derived, each and every of wh~ch, it be~ng express~y underseood, is hereby mor~gaged as if spec~fically set fath and destr~bed in the.gcanting and hjbendum clauses hereof, and such Receiver shall have all the broad and eifectire funct,ons and powers in anywise entrusted by a Co~rt fo a.Recei~e~, and :::ch appointment shall bc made by such Co~rt as an admitted equ~ty and a mauer of absolute right to said MORiGAGEE, and wi?hout reference to the adequacy or inadequacy of the value of the property mo~tgaged or to the so~vency o+ insolvency of said MORTGAGOR or tbe defendams, and that such r~nrs, profits, income, issues and revenues sha~l be appiied by such Rece~ve~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To du'y, promptly and fully perfwm, discharge, execute, effect, complete, co~~pty with and abide by each and every the stipulations, agreements, :onditions and covenants in sa~d promissory note and this mortgage set tor~i~. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its succeuo+s and assigns, may, without notice to the MORTGAOR, deal w~th such successor or successor in ]nterest with refere~ce to thi~ morigage and rhe debt hereby secur~ in the same ma~ner as w~th Nb~tgagor w~rhout in any way vitiating or d~scha~ging the Mortgagors' liabiliry here- under w upon the deb+ hereby secu~ed. No saie of the premisea hereby mortgaged and no forbearance on the part of the 1110RTGAGEE or its successors or ass~g~s and no extension of the time for the payment of the debt hareby secured given by the MORTGAGEE or its successws or ass~gns, ahall operate ro re~ease, discharge, modify change or aifect the orig~nal liab~lity of the N.ORTGAGOR herein, eitF~er in whole or in part. )0. It is specifically agreed that time is of the essence of this contraU and that no waiver o( any obfigation hereunder or of the obligation se- c~red hereby shall at any time thereaher be he:d to be • waive~ oF the terms hereoi w of the instroment secured herby. 1 1. In add;t:o~ to the forego ng monthty paym~ots of prir.c pal and imerest requ~red by the promissory no!e secured hereby, mortgagor covenants +-~d agrees fo pay to mo-tgagee v~~th each rnonthly payrnent an add:ricnal sum est~n;ated by mortgagee to be equal to 1~ 12 of the annual tos~ of the 4olfow- A-All real p~operty taxes levied or assoncd agai~st thc a6ove dezcribed real estate. 'i B-Pr~miums on fire and v~lndstorm insurar.ce as f~ere~n requ:red to be carried on the improveme~ts situate on the above descr~bed premises. ~ C-Premiums on svch mortg;ge gua~anty ir.surar,ce as mortgagee shalt fro~re rlme to time deem fit to carry on the loan secured hereby. ~ Mortgagee sfiail !rom time to time nonfy mwtgagor ~n wr~t~ng of the amount due and payable herevnder and such sum shall thereupon be due and ~,ab'e on the due oate of the next n:onth!y payment and each successive month thereafi~r urail mortgagee shall notify mortgagor of a change in such j s°.ount_ Such sums sHail !~e appiied by mortgagee toward the payment of rea~ property taxes, insurante prem:ums, and mortgage guaranty insutance ~ ~•emiums. ~ IN Y~ITPJE55 alHEREOF, the said MORTGAGOR has hereunto set hJS hand and seal the day and year first aforesaid_ ~ Sgne~;' $eated and deliverec~, in 1Ke pres~ce o`.: 7 ~ L t FILEfi A~~ rfCOR0E0 t ~ JE L`._ - f5eaq L ~ ~,t ! l SL ~~C~E_ f,ivNRAS (Sea9 ~ , CIE~*• G;:lT COUflt ~~a~ 5 ,7 ~~~t i ^.icc L ~~rr ,-..=.Cn~~4 ~ (Seap ~ S~ATE OF fLORIDA ~ ~Q 3 38 PM'1~ ~ St. Lucie } u- ~ ~ ~OUNTY OF 1 ~~,f~V~ " Before me personally appeared D2U1 D• Decker and ~ I,O1S E. Deeker his wiie, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ therein expressed. And the said I.O1S Deeker ~ ~,~fe of the said _ D 1'fPr~kPr upon a separate and private ~ e>ammat~on by me taken separate and apart irom her said husband, atknowledged to and before me that she exetuted said instrument freely and volurr ~ rarity and without any compulsion, constraint, apprehe~ns: n, or fear of or from her said husband. ~ WITNESS my hand and offi:ial seal this day of `I~ual A. D. 19 7S _ ~ ~ _ _ ~ t.l~ .~..CX c t- : L. ~ - Notary Publ~c in a~ for ~he State of Florida at large ~ My Commission expires: ~ Rerum To: 4' First Federal Savings 6 loan Associat;o~ ffpTARY PJBLIC. STATE of FLQRiOA at IARGE Of Fort P erce. °;Q~t E::~ lA~~• 1977 , ' y~ MY COE.1;.:t~.. ; Fort Plerce. Flo.~d~ ~u,w~y ny htnct~t~f1 oi~.~Ni 1(?i1t(u~ ~ ' ~ ,U,.`r~~ ~ This Instrument Prepared By - ~ o ` ~ _ ' ~i First Federal Savings & loan Associat~~4Chard K. Kayes ~ ' = : of Forr Pierce Florida 2~,~~ .r: o= ~ ~ . U R ~ s,,'-.. ~ `'',p`~~. ~ Checked 8y AC~I~K~ PA(~~'~? ~ ~ ''~~r~~i ~ ~ _ - ~ - ~r_ .