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HomeMy WebLinkAbout0892 J. To place •nd con~inuoualy keep on the bu+:dings now or hereaiter ~ituere on sa~d land and on aIl equipmen? and perwn~lly covered by lhis ma~g +gs, with all pemivms thn~eon pa~d ~n lull, fir. insursnca in the usual s~anderd potity fo~m, in a•um approved by tl» MORiGAGEE, and winda~wm insur~nc~ in ~M v~ual ~tandard pol~cy 1orm, i~ a ~um ~pproved by ~hs AIIORTGAGEE, in such tompany o~ tompan+et at the MORTGAGEE may dirK1; ~nd •11 fir~ ~nd w~ndato~m insurante policies on ~ny ,o( said build~ngs, any tntereit tf?erein w part thereo(, in Ihe sgyreyare tum afwesaid w tn excess ~hereof, tMll con~ain the usval standard matgages clauss w such othe~ cl~uis ai ~M Matpaflee m~y requue, m~kinp tha loss undc+ sa~d poli- ciei, each and every, payab~~ to said MORTGAGEE as its in~zrest may appear, and e+ch and every such policy shall bs promp~ly ass g~ed a~d detivered to ` •ny hefd by said MORiGAGEE ss (unhe~ secu~ity to said mongage debt, and, not leu than ten (10) day in advance bt ~he eapiration o1 euh pol~cy, to dr livK to said MORTGAGEE a renewal rhe~eof, together with • rKNpt IOr th! p?Omiwn o1 tuch renewalj and there shall be ra Kre or winds~o~m insurance pl~ced on any of ssid building~, any interest thereie+ o~ parl thereof, unlcss in the (orm snd with IM lou payable as e(oreiaid; and In tM event •ny sum of mon~y becprnes payable ~ndet such policy or policies said MORTGAGEE shall have the opt~on ;o ~aceive and apply tM same on account oi the indrbted nes~ secwed hereby a to permit said MORTGAGORS to reuive snd uu it a any part lhereof fw other purposes, w~~houe th_rcui waiv~ng o~ ~~~~p.+~~- ing any equity, I~en w~igh1 under or by virrue of ~his moc!yage; and in ths event sa~d MORTGAGORS shall fw any ~eason fail to keep ~he aa~d prem~ses ao insured, w{ail ro detiver promptly any of said policies ot insu~ance to seid MORiGAGEE, a lait promptly to pay futly any pr~m~um therefo~ w in any reipM fail b perform, discharge, execule, e~fect, complete, comply witA ar?d abids by Ihis covenant, or any pe~t he+eof, satd MORTGAGEE may place and pay for tuch insvrance or any part thareof without waiviny a affectinq any opt~on, li~n, equiry, o~ right under w by vi.tue of ~hiti Mortgage, and ~he full amount oi each ~nd every tuch paymenf shall be immedisrety due end payable ~nd shall bear i~teres~ (rom ~he dafe thereoF uniil paid at the rate ol nine ptr cenrum pet annum and together with such interest shall be secured by the lien of this mortgaqe. 1. To permit, commit ot suffer no wasts, imp~irment ot deter'aration of said property o? sny part thereof. S. To pay all snd singulu the costi, charpes snd expenut, including a reasonable attwney's fee and cost~ of absirads of title, incu~.ed o~ paid at eny time by said MORTGAGEE, betause w in the event o( the failure on the part of ~he said MORTGAGOR to dvly, promptly snd fully perform, d~xharge, :xecute, e((ed, complete, comply w~th and ab~de by each and every ths s~ipulat~ons, agreemems, conditions, and cove~ants oi sald promisswy note and th~s mwtgaps any w either, artd said costs, charges and expe~ses, each and every, shsll be immedi~tely due and payable; whe?her w nof ~here be noi~ce de mand, attempt ro collect or suit pend~ng; and ths tvll amount of each snd every such paymcnt shall bear interest from ~he date therwf until paid at the r,ve of nine per centum par annu:n; and all said costs, cha~ges and expenses inturred o~ paid, together wdh such intere~/, shall be secured by the Grn of this mortyay~. 6. That (a) in the event of any breach of this Mwtgag~ a de(ault on the part of the MORIGAGOR, or (b) in the event any of wid svms of money herein ~eferred 1o be not piomptly and fully paid withi~ Ihi~ty (30) days nexl after the same xverally become due and payable, withouf demand w notice, or (ty in the evcnt each and evcry the stiputations, agreemenfs, cond~tions and corenants of sa:d promissory note and fh~s mortgage any a e~ther a~e nol i ~uly, promptly and fully performed, d.xharged, executed, e(lected, completed, compl~ed with and abided by, then in either a any such event the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneyt secured hereby, shall become due and pay able torthwirh, or ~hereaiter, at the opt~on o( sa~d MORTGAGEE, es (ully and completely as if all of the said sums of money were orginally st~pula~ed io be pa~d on such day, a~ything in sa:d prom~uory note or in this Matgage to the comrary notwi~hatanding; a~d therevpon or thereaite? a~ the op~~on of sa~d MORTGAGEE, wrthout no~ice or demand, suit at law w in equiry, therefo~e or thereairer begun, may b~ prosecuted a~ if all moneyt secured hereby nad matured pnw to its institut~on. 7. That in the event that at the beginn;ng of o~ at any time pending any su~t upon this Morfgage, or to iweclose it, or to reform it, or to e~force payment of any ciaims hereunde?, said MORTGAGEE shall apply to tlx Court having juriad~ction thereof fw the appointment of a Receiver, such Courf shall Fo:rhwith appoint a receiver of said mortgaged property all and singulai, includ~ng alt and singular the inmme, prof~t~, issues and revenves from whatever source derived, each and every of whe:h, it being exp?essty understood, is hereby mortgaged as if speufically set fonh and described in the granting and habendvm clauses hereof, and such Receiver :hall have all the broad and efiecrive funce.ons and powers in anyw~se entrusted by s Court to a Receiver, and s..ch appointment shall be made by such Court as an sdmitted equity aod a maner o~ absolute rigM to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the value of the property mortgaged or to ~he soivency w insolver+cy of said MORiGAGOR or the def~ndams, and ~hat such ~enrs, profits, incwr~e, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prac~ice of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, compty w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mwtgage set forth. 9. That in the evenf the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the N^RTGAGEE, its svccesson and assigns, may, without notice to the MORTGAOR, deal w~th such successor w successor in interest with reteronce to this m.ortgage and the debt he~eby secured in the same manner as with Mortgago~ witFwut in a~y way vitiating w dixharging the Mortgagori liability herr under or upon the debt hereby secured. No saie of the prem~ses hereby mortgaged and no ~orbearance on the pan of ~he l~tORTGAGEE or its successors or assigns and no exrens~on oi the time fa the psyment oi the debt hereby secured given by the MORTGAGEE or its successors o~ ass~gns, ahall operate to retease, discharge, modify ~hange w affect the orig~nal liabit~ty of the MORiGAGOR herein, either in whole or in part. 10. It is spec:fically agreed that time is of the esunce of this comract and that no waiver of any obligation hereunder or of the obligation se- cured hereby ahall at a~y time thereaher be held to be a wa~ver of the terms hereoi a of the instrument secured herby. I1. In add~r:o~ to the forego'ng momh!y paymants of princ'pal and interest required 6y the p~om~ssory no!e secured hereby, mortgagor covenants and agrees to pay ro mo:tgagee w~th each montfily payment an add~rional svm estimated by mortgagee to be eqval to 1 j 12 of the annual cost of the folfow- ing: A-All reat property taxas leiie3 or assessed aga~•,st thc above des~ribed real estate. B-Premiums on fire and w~ndstorm insurar.ce as he+e~n requ;red to be carried on the improvements situate o~ the above described premises. C-Premlvms on such mortgage guaranty insurance as mo.tgagee sha:l ircm e-me to time deem fit to carry on the loan secured hereby. Mo~tgagee shail from t~me to time not~fy mortgagor ~n writ~ng of the amount due and payabk hereunder and such sum shal! thereupon be due and cayable on the due date of the next month:y paymem and each successive month the~eafter urtil mwtgagee shall notffy mo~tgagor of a change in such a~:~.ovnt. $uch sums shail be appl~ed by mortgagee toward the payment of real prope~ty taaes, insurance prem:ums, and mortgage guaranty inaurance premiums. IN Y~ITNESS .YMEREOF, the said MORTGAGQR has hereunto set his hand and seal the and year first aforesaid. i ! Signed, Sealed and delivcred in the prexnce of: ~ ~ ~ i ; n ` - i ` ~ see~ ~ ! ' Seaq 4 ! _ ~ ~-c~.~,C~"C 1 t'{ ~ ~a~ ~ j ST;,TE OF ftORIDA ~ 1 ; ~ouvn oF St . Lucie ` i ' Before me personally appeared John H. COppOC~C a~ ~ Bdna May Coppock ~ i ' _ his wife, to me well known and known to me to be ~ the individuals described in and wFa executed the foregang inatrumeot, and acknowledged before me tFwt they e~cecuted the same fw the purposes ~ ~ rherein expresxd. Md the sa~a ~a May Coppoek z Cop~ck t ~ a.ife of the sa~d JOZ11I H. upon a sepsrate and private ~ ~ examination by me taken sepa~ate and apart from Mer ssid husband, acknowledged to and before me that she exetuted said instrume~t freely and volun- ~ € r>_rily aod w~thout any compvlsion, constraint, apprehens; w fear of or from her said busband. WITNESS my hand and official seal this ~ day of Febru A. D. 1975 i LEO AMD N£CpROED i ~ LUCIE COUNTY ' R0~'eR P41TRAt Notary Public in a for the. $tate of Fb~ida at tarye ; Return To: CLERK CIRCUI? ~(~RT My Commissio~ pires: RECORD YER~FIED~...~.~ . . - ; First Federal Savings d~ loan Associat~on ;,i.1 - Of Fort P:erce. F /u~ ~ ~ ~ , - ' ~ > Fort Pierce. Flcrida ~`e1O ~ ~~~~ti • , . . . . Q ~ s ~ ~ ~ 1~ ~ ` g ~ 7~~ti7~ll,i+~~ ~,.Ni; tlllllll/~~/. 1 s This Instrument Prepared By Richard K. Kdyes ~~~~~~'~1~, ~ First Federal Savings 8 Loan Association '••.`'y` : ~ of Fort Pierce , Florida ~ ° . ~ : ~"<r- ~ ~ ~a ~ ~'v .ti,.- ~ ~ Checked By ' - ~ ` - ' r ~ o ~ ~ ' 6,{- C _ _ ( k , :u ti ~ ~ x 2~~6 ~~E 89Z ~ r~Y ~ ti i, . e k . . ' _ _ . _ . ~ ` .f'~ " ~..L~.._ . _ _ _ . _ ,.s3~:..'~'.