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HomeMy WebLinkAbout2289 3. To ptace and coroinuously keep on the bui!d~nqs now o~ hereafte~ s~tuate on sa~d land and ort all~equipmenl and per~onally tovered by thi~ mort9- age, w~~h all premiums ~hereon pa~d in (ull, f~re iMUrante in the usual s+~~xl~rd po:icy form, in a sum approved by ~he MORfGAGEE, and w~nds~o~m ~ns~rancs i~ ~hs usual ~tandard pol~cy to~m, in a sum approvrd by the MORiGAGEE, in tuch company or tompanies as the lNOR1GAGEE may , d~rect; and all fire and w~ndstorm insurance poi~ries on any of sa~d build~~+gs, any interest ~herein or pe~f thereof, in the agyreya~e sum alaesaid u in excess Ihereof, shall contain the vaval s~andard mutgagae tlause oi such otha cliuse as the Mo~tgagee may rcqwre, makinp the loss under sa~d poli- c~es, each and eve~y, pryab!e to said h1pRTGAGEE as its interest may appeat, a:Hl each and every suth po~~c/ sfiall be ptomptiy au gned and dalivered ~o eny held by said MORTGAGEE as fur~her ircu~ity to sa~d ~nortgage deb~, and, not less ~han ten (10) days in adrance of the expirotio~ of each pol~cy, to de- I~~er ro said MORTGAGEE a renewal thereof, togNher with a rece~pt for the prem~um o( such ~enewal; and there thall be no fire or windstorm insuronce placed on any of said buildings, any infere~t therein ot pa~t therrof, uniess i~ the forn, and wi+h the loss payable as aforesaid; ~rul in the evenl any sum of money becomes payabte under such policy a pol~c~es said MORTGAGEE shall hava rhe op~~on to receive and apply the ssme on accoum of the indeb?ed- nra: secured hereby o~ ~o permit sa~d MORTGAGORS to receive and use i1 or any ~>arr ~iw~eof fo~ ori,er purposes. wnhout th:reur .va;~h~~ c~ ~,npai~- I~g any cqu~ty, lien w right undor or by virtue of this mc:tgage; and in the eve~t sa;d M08TGAGORS shall fw any ~eason tail fo keep the sa~d p.em~se~ so ~nsur~d, or fail lo deliver promptly any of said po~~cies of insu~ance to said MORTGAGEE, or fait promptly to pay fully any pre~nium therafor or in any respc¢t feil to perlam, d~scharge, execute, effect, comp!ete, co:nµly with and ab~de by th~s covenant, o~ any part hrreof, said MQRTGAGEf may p~a;s a~~d c,y for :uch insurance or any part thereaf w~~hout wa~ving or aifecttng any o~t~on, lien, equ~ty, or ~ight under or by virtue oi this Mo~~gage, and ~hc +,;:t amount o( each and every such payment shall be immediately due and payable and sha11 br.ar iroerest from tha date thereof until paid at the raes o! r per centum per annvm and to3ether w~~h such inte~est shaii be secured by rhr ~ien oi this mo~tgage. To perinit, commit or sufier no waste, impairment or deterioration of said property Or any par! thereof. 5. To pey all and singula~ the costs, charges and ex~xnses, includ~ng a reazonab!e attorney's fee and custs of abstradt of fitle, incurred or paid at ; n~ne by sa~d A1GRiGAG`E, beca~se or in iha tvent of the fa~l~:e on the part of the snid MORTGAGOR to d~ly, promptly and fully pe~iwm, d~scharge. .-~ccute, efiect, cu~nptete, comply with and ab:ue by each and every the stip~lenons, agrea~nents, conditions, and covenants of said promissory note and ~h~i ~.~~tyage any or e~~her, and sa~d costs, charges and ezpenses, rach ancf eveiy, sha~l be im~r.ediatety d~e and payable; whNher or not tF~ere be notice d~ ~ an~, atte,npt to c.~~iect or suit penJ~ng; a~x! the full amovnt of each and every svch paymero shatl bear intzrest from the date tMreof until paid at the nine per ce~:t,~n ya"r am~u:~~; onc a~t sald ccsrs, ci~ar3es and ~x ~anses ~:!curred or pa~d, ~oge~her w~th such iroerest, shall be secu~ed by the lien oi th~t ~ .ortgage_ b. That (a) in the ever.t of any breach of th~s Mortgage or defau!t o~ tFr p~rt oi thr MORTGAGOR, or (b) in the eve~t any of ia~d •ums of money herein referred to be not promptly and fully paid within thuty t3U) days ~e,~i areer ~he same severa:ty become due and payable, without dem~nd or ootice. ~r (c) in the event each and every thP stipulaT~ons, agrcemenrs, condrtio~~s and covenants of sad promissory note and th~s mortgage any or either are not promptly anJ luily performed, dscharyed, exec~trd, effecred. comp:'eted, con:~v~ed v.~th and ab~ded Sy, then in e~ther or any such event Ihe ia~d ag ~•,~-_~ate wm memioned ln said prom~ssory note then ~emainir,g unpaid, with imerrsi aar~ed, and all mo~ey; secured hereby, shall become due and pay- a:: c fo~th.vlth, or thereaftcr, at the opt~on of sa~d :~LORTGAGEE, as fu11y and camp;erc'~ os if all of the said sums of money were o~~ginatly sNpu(ated : he paid on such day, anything in sa:d prom.ssory note or in this hlongagr to the con!rary notwi~hstand~ng; and ~hereupon or thereaftet at the option of ~ d ~dORTGAGEE, wrthout nor;ce or demand, svit at faw or in equity, therefore cr thereaher begun, may be prosecuted as if all moneys secured hereby r: d matured pnot to rta instit~tion. 7. That in the event that at the beginn~ng of or at any t~me pe~d~.:9 any su~t ~,.o~ this Mortqage, or to foreclose it, or lo reform it, or to enforce • cnt of any cia~~ns he-eunder, said h10RTvAv[t shall app!y to the Court hav~nv ~u~~ad.a~on thereof lor 1he appo~otmeet of a Receiver, such Co~rt shall ~•,:th appa~nt a rece~ver cf s.:id mortg~gcd prope~ty ail and singular, ir.c~vd ng „ii a•~ti s~n~~tar the irtcome, profits, issues and revenues lrom whatever ~:..•~r derived, each and every of wh.ch, ~t be;ng e~cpress'.y understood, is h.err~, ~t~~.r~g.jg~d as if specufically set forth and deur~bed in the granting and ~•~:-:•~ndum cla~ses hereof, and se:ch Receiver shalt h,.r alt the broad and efiecT~+e tu:.cf cns and powers in anyw~se emrusted by s Cou~t to a Receiver, and .;h appointment ihall be made by svch Ceur! as an adm~tted eguity and a matter cf abso:~te rght ta said MORTGAGEE, and without ?eference 10 the :.;~~acy or inadequacy ot rhz va!ue of the propcrry mortgaged or to rhe so.vency or ,,.,uivrnc~ of said MORTGAGOR w the defzndants, and ~hat such ~~~s, profi;s, income, issves and revenues shail be appued by such Rete~+er a:erd,ng to tiir lien or eq~ity of said MORTGAGEE and the prattice of suth `.~rt. 8. To duly, pror,,pt!y and futly pericrm, ti~scharge, execute, e{fect, iumpiete, co~~:u;y w~~h and ab~de by each and every the stipulatio~s, agreements, _~~'lons and wvenan~s ~n sa~d pramissor~ note and th;s mortga3e set forth. 9. That i~ Ihe event the ownershtp of the mortgaaed premises, or any part lhereci, becomes vested in a person other than the MORTGAGOR, the ;:~RTGAGEE, its suaessors and assigns, may, wiihout norrce to the :40RTGAOR, dea' +vrth such successw or successor in interest with refe~ence to this *~agc and the d~ut hereby secured in the same rr~anner as with l.tortgagor xhhout in any way vit~ating or diuharging the Mortgagors' liability here- ._r or upon the da6t he:eby secured. No sa:~ ef the Frev~ises hereby mortgayed and no forbearanee on the parl of the RAORTGAGEE or its successors ~ss;gns and no extenslon o! the tim~ 40• ?fie payment of the debt hcreby scwred given by the MORTGAGEE or its tutcessws or auigns, si~all operate re~ease, d~scharge, modify change or atiect fhe o~ig,nai liab~l:ty of ~he M,CRiGAGOR herein, either in whote or i~ ps~t. 10. It is speufical~y aqreed that ri~ne is of the essence of th~s contract and that no waiver of any obli~ation hereunder or of the obligation se- c•_red h.~reby shall a~ any time ihereafter be hrtd to be a wa~+ar uf the terms he~eof or of the instrumem secured herby. 11. In add+Ios r~ ~f,~ forega.•~~ +non,h!y paym~n~s of p~~^c pal and ir,*aresr reyu~red by ~he prom[ssory no!e secured hereby, mortgagor covenants ~:i agrees to pay to mortgagee wfth eacn m~nsh(y payrnent an add~riona! sum esr:.~ated by mortgagee to be equal to 1% 12 of the annual tost of the follow- A-Al1 r2a1 property taazs teiied or assess_d agai•~st the above deu~ibed reai estate. B-Pre~r.~~:ns on f+re and windste~rr~ ~nu:acce as iie~e~n r.qu.red to be ca:ried c~~ the lmproveme~ts s~tuate on the above described premises. • C-Prem;u~.~s o~e svch mortgaqe guar~nty ~r.sura~ ce as mo~ryagee shaJ f~o~c ro rime deem fit to carry on the loan securrJ he~eby. Mortgagee s~ak! from t~~ne to t~me nor~fy mortyagcr ~n wr~ting of the a•-ou~t d~e and payable hereunder and such sum shall thereupon be due and 'i .::,'e on thr c!ue ciate oi the :~ext month!y paymeN and e~ch success~ve ,nonrh f~+ereaf?zr ur.tit mcrtgagee shalf not~fy mortgagor of a change in wch ~r. Such wms srai! be app!ied by mcrtyagee to~+vard tre payment of real preperry taRes, i~surence prem:~ms, and mortgage guaranty insu?ance ; ~~~is. ~ L'~ Y~ ~J SS ~'iHER.Of th aid !L10RTf'iAGOR has hereu~to se! his har.d and sea: the day and yRar first aforesaid. ~ 5g ed~a~` Y. iv in the res ce of: fILEU l.K+.l ~Evi3RUE0 / ~ t - - _ ST.IUCiE ;OUN7V fLA. ~ ~ ~ Seaq q R~;_:. ~•~;•~~AS i immy . ~~uley (seas) i - CLEP~. ,-;},i ~OURT ~ . ~ c~r~ ~4.^. 1'~~ ~ L inda G . Pauley . p g - ~R L~ ~ ~3 1 N~ 1 J Y aq ~ OF fLOP.IDA . ~ SS- .'JTY OF ~L I~~3.£~--- ~ ~VV~~V 8efore me personaliy appeared -Jlmmv L. Paulev _ ~ C.] ri(jd G. PdU1Py his wife, to me well known snd known to me to be _ ~nd~vidua~s described in and v~ho executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~~~e`n expressed. And the :~~d_ Linda G. Paulev ~ of the said -11R1ITIy I.. Paulev upon a separate snd pcivate _ r,anon by me ta~cen separate a~d apart from ber sa~d husband, ackrtovdedged to and before me that she exetuted said instrument freely and volun- and w~thout any compuision, cons'raint, apprehans~on, or fear of or from her said husband. ~ tiYITIVESS my hand and uffiuaf seal th~s._ ___21~ t day of____._ L 1 A. D. 19_Z.1~_ ~ - - Norary Public in e fo e State of Florida et large ;y My Comm~ss~on expires: ~ ~ Retum To: ; _ - . • • 1 :!rst Federal Savings 6 loan Asso:iat;on 1~' Of Fert P,eree. , . . , -J. Fort Pierce, Fiorida ~ ~ ~ . , w'i . ~ ~ _ , This Instrument Prepared By G aty F. E 1 lv~ood •~•-.l'. ~ F~rst Federal Savings & Loan Association ~ ~t of Fort Pierce, Flor ida - ~ s~ ~ - • ~ Checked By,~- BOOK~+~~ PACf ~':i- ~ 4~ ~ . `:o~~~i` t.:•:~(r,' ~ 2285 ~ " ~ . '>>t} Q . ~ ~ ~ c, ~ . . ~ -~w* : , _ _ X . *a~m~i S"'~ ~~°`_`~,r- ~ Y~~`ai,~;~-'~`~_5'~`~''S, ~ ~M,;,^s-~",~ ,~,~Y n _ . ^ ~ _ _ a . . , _ .