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HomeMy WebLinkAbout2537 3. To piac~ and continuousty keep on the buiid~n9s now o~ herea(ter utwt~ on sa~d I~nd and on ali equipment and person~Ily covt~ed by 1hi~ mOrt~ p~, with all premiums Ihereon pa~d in ful4 ~~~e imurance in 1h~ uiw~ uardard policy form, in ~ tum ~pprov~d by 1he MORTGAGEE, a~d winds~o~m insurance fn tM uswl uandard pol~cy fam, in • sum ~pprovtd by ths MORTGAGEE, in such company w companiet u ~ht MORTGAGEE may c. dirttt~ ~nd ~II fi~~ ~nd windslorm insuranct policie~ on ~ny of said buildinpt, any In?are~t tMr~in or put the~eof, i~ tl» ~pqrey~~e sum ~fpr~said or . In txcaf Iherwf, tMtl ca+tain tM v~wl sundard mortyayt~ dws~ or wch otAK tl~uts as IM Mortyaye~ may ~equ~r~. makinp th~ lo~~ unda ~a~d poli~ ciM. ea~h and ~vNy, paYabl~ b ta~d MORiG/1GEE a~ its interet/ nuy ~pp~ar. and each and ~very ~uch policy ih~ll be promptly a~s.yned ~nd delivered fo - •n~ Mld by said MOR~GAGEE ~s (ur~hn iecurity to taid mor~yaye debt, and, np t~u tMn tsn (10) days in ad~snce of tM •xpiration o1 each pol~cy, to dr IivN ~o i~id MpRTGAGEE a r~newal thtr~of, IoptlhN with • r~ceipt fw tM pr~miwn o} svth renew~l; and the?~ shall b~ no fir~ a windatorm insurant~ ~ plac~d on ~ny of uW buildinp~, ~ny intere~t tMr~in w pul thereof, unl~u in tF» form ~nd with tM loss pay+bk as a(w~said; ~r+d tn ti+e e~~nt any sum ` of maNy betome~ payabla under such policy w policist ~aid MORTGAGEE shall Mw ~I» option to receivs and apply 1hs same on accouro of tM indebted- 1'. neu setu.~d F?ereby a W permit ~a~d MORTGAGORS to reteive and us~ it ot any pa~1 thereof for othcr purposes, w~thout ths.eu~ waiving o~ impai.- . inp any p~ity, lien p right under w by virtus of tAis mort9ayes and in tM ev~n~ aid MORTGAGORS shall tw any raason fail to keep ths iaid pr~mises w i~aured, a lail ro deliver promptly iny of uid policies ol i~sur~nce to sa~d NWRTGAGEE, a fail promptly to pay fully any premium therefp w in any • r~apect fail b pa(o.m, d~uharg~, executs, effed, complete, campfy with and abid~ by this covenant, o~ sny part henof, ssid MORTGAGEE may pl~ce ~nd pey fa such insurenca w ~ny p~~t ~hereoi without wafvii?p w~ffeairg a~y option, li~n, puity, o~ rlqht under w by virtue of this Mortyape, and the full amo~~t of sach and ~wry such payment thalt be immediatety due and pay~bl~ and shal{ bear interes~ from tM dat~ thereof until paid at tht rote ol nins pe~ centum pN annum ~nd to~elher with such intcrest shall bs secur~d by the IiOn of this mortgayt. 1. To permif, mmmit w suffer no wasts, impairmeN w deter'wration of uid prope~fy w any part thereof. S. To pay •II ~nd s+npulu the costi, charges •nd expentes, i~cludinp s reasonable attorney'~ fee and costs oi abstracts of title, incurred or Raid at eny time by iaid MORTGAGEE, bccause or in the evtnt of the failure on tha pan of 1he faid MORTGAGOR to dvly, promptly and fully perfpm, discharg~, executs, effect, comptat~, compty w,th snd ab~de by each and every ths stipulations, agreement~, caiditians, sr+d covenants oi said promissory note and thu morty~y~ ~ny a eirhe~, and sa~d cosri. chsrgfs u+d e~epenses, each and ~very. shal~ be immediately dw and paysble: whether or not ther~ be notice d~ mand, ~ttempt to collecl a svit pend~ng; and the full amount of each ard every iuch payment thall bear intere~t from ths date thereof until paid ~t the rate oF nine per centum per annurn; and all said costs, charges ared expenses incurred w paid, together with such interest, sMll be secured by the lier+ of thu ma19~. - b. That (a) in the ewnt of a~y brexh of this Mortgaye w defavlt w? tM part of the MORTGAGOR, a(b) i~ the event ~ny of sa7d tums of money herein r~ferred to bs not promptly and fully paid within thirty (30) days next after tFe same feverally become due and payable, wi~hout demand w nofice, or {c~ in the evem each aed eve~y ~F+e stipulaiions, sgreemeMt, conditioni and covenants of ia~d promisswy note and th~s mwtpsge any w ei?her are not ~uly. promptly and fully perfamed, d~xharged. executed, effected. completed, complied with ~nd abided by, then in eiiFk~ a sny such svent Iha said ag gregate sum mentior.ed in said prom~ssory note then remaining unpaid, with inte~est accrued, and all moneyf secured hereby, thall bctome due and pay- eble fwthwith. or thereaf~er. a~ tF~ e~.~r;N, .,f ~>:.1 iunqTr_.er__cc _ ~;;u~ _na .^^~'~.-!y is ..s -iu c`. «.~.a .~c:e r.s' ::a:` :t~p,,::sau' to be ~d on ~uch da . an thi - ~a •'r P+~~ y y ng in satd promissory note or in this~Mwtgage to the con~rary notwithstanding; and therevpw? a thereafte~ at the op~~on of sa~d MORTGAGEE, without not~ce or demand, s~it at Isw w in equity, therefwe a thcreafter begu~, msy be prosecuted as if all moneys secured hereby had matured pnor to iU institution. 7. Thst in the event that at the begin~irg of or st any time pending sny suit upon this Mortgage, or to foretlox it, ot fo reform it, w to e~fwp payment of any claims hereunder, wid MORTGAGEE ahatl apply to the Cour~ having jur~sd~ctlon tF~ereof for the appoi~tment of s Receiver, such Court shall forthwith appoinf a~eceiver of said mortgaged property all and aingular, includ~ng all ar,d aingvlar the intome, prolits, istues and revenues from whatever source derived, sach ~nd every of wh;ch, if beiny expressly unders~ood, is hereby mo~tgaged as if spec;fically xt fa~h and desvibed in ~he granting and habendum clau~es FKreof, and such Receiver shall have all the broad and effective funcno~s and powers i~ anywise entrusted by a Court to a Receiver, and s~ch appointment shatl be made by such Court as an admitted equity and a ma~tcr of absolute right to said MORTGAGEE, and without ~eference to the adequaq or inadequacy of the value of rhe property mortgaged or to the wnency or insolventy of said MORTGAGOR w the defendanri, and that such rents, profifs, incamr, iuues arx! revenues shall be applied by suth Receivm xcordiny to the lien•a equity of said MORiGAGEE and the prattice of such Court. 8. To duly, promptly and fu(ly p~rform, discharge, execute, effect, complete, comply wifh and abide by each and every the stipu~ations, sgreemenri, conditions and covensnta in sa~d promissory note and this mortgage set iwth. ~i. inar in tne event ?ne ownenhip of the mortgaged premises, a any part thereof, becomes veated tn a person other than the MORTGAGOR, the ' A"•ORTGAGEE, irs successora and assigns, may, ,withovl nodce to ~he MORTGAOR, deal with such s~ccessor o~ sutce~sor in interest with ~e(ere~ce to thi~ n,o~~flage and the debt hereby secured in the same manner as wlth Mo~tgagor wi~hout in any way vit~ating a discharging the Mortgagors' liability hcre- under or upon the deb~ hereby secured. No sale of the premises hereby mortgaged and no forbea?ance on the part of the MORTGAGEE or its svccessors or assigr.s and no eatens~on of the time for the payment of the debt hereby sccured given by the lNORTGAGEE or its suctessors or assigns, siuU operate silA ro release, d~scharge, modify change or affect tt~e original liab~l~ty of fhe NARTGAGOR herein, either in whote a in pa~t. 10. It is specifically agreed that time is of the essence of this contract snd that no waiver of any obtigat~on hereunder a of the obligation sr cured hareby shali at any time thereafter be hetd to be a wa~ver of the terms hereof or of the instrument secured herby. I1. In addnion to the forego:ng monthly payments of princ'pal and interest required by the promissoty note secured hereby, mortgagor covenants and agrecs to pay to mortgagee with each monthly payr~ent an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ng: A-All real proparry taxes levied or a:sessed against the above described real esfate. B-Prerr.iums on fire and windstorm insurar.ce as here~n requ:red to be carried on the improvements situate on the above described premises. C-Premivms on svch matgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured horeby. Mortgagee shall f~om ti~ne to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and s ayable on the due date of the next monlh!y payment and each successive month thereafter ur,tit mortgagee shall notify morfgagor of a char~e in such a~r•ount. Such sums shall be applied by mortgagee toward the payment of rea! property taxes, insurance prem:ums, and mwtgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and year f' t ~foresaid. Siyned, Sealed and delivered in tFx presence of: ' ~ F~LEO l.~ip +tE~.RDEp i-ip 't ~ SL ~UCiE :.OUNTY FI.A. ~ 4- ~ RO~E~ ~9tiiiAS ~,q i CLfRK C: ~iUtT COJRT s ~ - RFCCR~ Vr=' ~if~ (Seaq ; ' - f / Zb ~6 M1 ~ (SeaO ~ STATE OF FLORIDA f ~ ~ € COUF7TY OF St.. Lucie f ¢ Befwe me personally appeared Edward H1qq1I1S s~ € Marv {il~. H1QalI1S his wife, to me well known and known to me to be s rhe individvats destribed in and who executed the fweya~g instrument, and acknowledged befwe me tlwt they executed the samt for the purposes ~ rherain expreased. And the said_ Mdl'Y 1A~. Hiagins f w~fe of the said Edward [{~,qq1I1S upon a upsrate and privat~ ~ e,aminat~on by me taken separate and apart from her said husband, ackrowledged to and befote me that she executed said instrumeM freely ~nd volun- rsr~ly and without any compu~san, constraint, apprehensi f f or from her said husband. WITNESS my hend and official seal thit " day of March _ a i9 7rj g ~ i .t~,. ~ Notary Public in s~d fo~~the State of Florida at large My Commiuion expira4: Return Ta " first Federal Savingt b Loan Association ~ 5 Of fort P:erce. ` Fort P~e.ce. Ftorida k'•'T"D.y Pt.•CU~. STATE rt f'_QP!~A at LARGE y s . , • i' . J.~:i. 1. 1917 ` c•~~.:..~L L~ ...:,u~_o:. ._.a i;.aUt~tlCe CrO. z i ~~'~a~~Hl?~ , ~ This Instrument Prepared By g~Chard K. Kayes 5.. ' = First Federal Savings 8 Loan Associalion ~ , Florida `O:` a` c~~' s f Fort Pierce 0 R = : ' t Checked 800K237 P~~2535 = ~ : ~ ' . ~ = . . o ~ ~ • ~ : ~ , . _ ~y~ C.~ . ~ ~ ST~ti c ~ ~''`'~~rii~~.,, . ~ _ ; ~ - - . . < ~ ~g~ - _ ~ "r,~ . ~ _ t. . ~~'f~ _y_ » . . ? ~ .