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HomeMy WebLinkAbout2532 3. To place and continuously kecp on the bui dings ~ow or herceiter ?ituafQ on said ianJ and on aL' equipment and persons~ly tovered by this morlg• ec~e, with all premiums Iha~eon pa~d in full, ~ire inw~ance m tbe uwal Sldi~dl(I po;~ty form, ~n a sum approved by the MOR~GAGEE, and wmdstorm fnsvrance in Iha uwal sundard pohcy fo~m, in a aum appro~rd by ihe MORTG.4GEE, in such company o~ canpanies as the 1450RiGAGEE may d~rect; and alt (ire and w;nd~torm msura~ce pol~c~es on any of sa~d bu~id:ngs, any ime+est therein or part thereo(, in fhe aggregate avm •fo+esa~d or in exces~ thereof, thall conla:n IAe uwal stondard mor~gagoe Gausa w such other cla~so as ~hQ Matyagee may requ~ro, ma?iny the ioss under sa~d poli- cles, eath and every pa~abte ~o said A1pR(GAGEE as rts interesl may sppear, a~~d coch and every such por:ty ahall t~e p~omptly ass g•~ed and dalivared to eny hetd by said MORTGAG~E as further security ro said mortgage debt, a~id, not !esa ihan ten (10) day~ in advance of Ihe expuat~on of each pol~cy, to da- I+ve~ to said MORTGAGEE a renewal thereof, together with a recr~pt (or the premiun. of such renewal; and there shall be no fue or windstorm inwrance ptaced on any of ss~d bvitdings, any interest thcrem or part therrof, un!ess in ~he torm a~~d with the loss payaL•le as aforesaid; and in the evenl any sum of money beeomes payabte unde~ such policy w poLcies sa~d hSURTGAGEE shall have iha opt~on to rrcriv@ end apply the same oo accou:~t o~ the indebted- r.r~s secured hereby or ~o permlt sa~d MORTGAGORS lo receive and use i~ w a~~y par: ih•r:•~of for orn~~r p~r~ osrs, v,~~hcut th.•. o, cr ~mpa~r- iny any ~quity, lien or righf under or by virtue of thi~ mor•gege; a~d in Ihe event aaid A10RTGAGORS shall fo~ any reason (ail to keep the said prem~ses so insured, or fai) to delive~ promptly any of said polities of inwrar.ce to said MORTGAGEE, ot (ail promptly fo pay fu11y any premium therelor o~ in any re~prcl iail to per(orm, d~scharge, execute, ei(ect, complete, tomply with and a5ide by this tove~ant, or any part hereof, said MORTGAGEE may place and n+y fw such insurance or any parl thereof w~thout waiving w affeding any optiun, lieo, equ~ty, or right under or by virtue of ~h~s bto.+gage, and the j~li a~noum of each and e.ery s~ch payment shall be ~mmediately due and payable ar.d shall brar interest fran ~he date thereof un~il pa~d at the rate ol ~~r~e per cent~m pe~ annum anJ togethe~ with wch interest shah be secured by the lien of Ih~s mwtgage. 4. To permit, commit or sufler no waste, impairmeM o~ deterioration oi said p+operty w eny part thereof. 5. To pay all and singuiar the costs, charges and expenses, includ~:~g a reosonable atrorney't fee and costs of abst~atts of titte, incurred or psid at ,~r; time by sa~d MOR1GAGfE, brcavse er in the event of the fa~lure on the part of the said MORTGAGOR ro duty, promNtly and fully pe~form, d~scharge. _~ccvte, eifect, tomplete, tomply with and ab;de by ea;h a~d every the stipulahons, agri~ements, conditiau, and covenants oi said prom;ssory ~ote and this „~rrgage any or e~~her, and sa:d cosrs, chargea and expenses, each and every, shail br immed~atety due and payable; whether or not there be notice de- r.~.ar.~, JI~@fON~ to co:IKt or suit peixi~ng; and the full amouM ol each ~nd e~ery S~th pdymeM ~halt bear ~nterest trom the date thereof until paid at rhe o• nine per centvm Fer ennu:n; end ail sa~d wats, c}~argrs arid cxp.rnsES incwred or pa~d, logether wuh svth interest, Shall be secured by the lien of fhi~ mortgage. 6. That (a) in the event of any breach of th~s Mortgage or detau!t on Ihe part of the MORTGAGOR, or (b) in the event any of said s~ms of money h=rein referred to be not prornptly and futly paid w~thin th~rty (30; days nexf a!rer t1:e sa:~~e se+eraliy becume due a~d payab~e, without demand or not~ce, cr (c) in tiu event eath and evcry ~he stipulaticns, agreements, conditio~~s and covenants of sa~d promissory npte and th~s moi~gage any or either are no1 a~:r, prompt~y and lolty perfonnerl, d.scharged, executed, effected, co~np;eted, comp;~eu' v.iih and ab~ded 5y, lhen in either or any such event the said ag- cpate sum me~tioned in said promissory note then remaininy unpaid, w~th interest acuved, and a.l moneys setured hereby, shall betome due and pay c forthwith, o~ thereaftcr, at the opt~on of sa~d MORTGAGEE, as futly and :ompiriely as if al~ of ~he said suma of mortey w•ere onginally ahpu.ated h~• pa:d on Suth day, anything in sa.d prom~ssory note or in this Mortgage to the contrary notwithstand~ng; and thereupon ot thereafter al the option o1 s~ d h10R~GAGEE, witho~t notice or de~nand, suit at law or in equdy, therefore or tharea(ter begun, may be prosecuted as if all moneys secured hereby r.:d maturcd pnor fo ds inatitution. 7. That en thr event that at ihe beginn~ng of w a~ any t~me pend~ng any su~t upen this Mortgage, or to iorec(ose it, or to retorm it, or to enforce r.ent of any ciaims hereu~~der, seid MORTGi.G`t shalf apply to the Co~rt ha~:n~ ~v~~sc!:cs~on thereof for the appo~ntment of e Receiver, such Court shail r. ~•~:lti~rh apFaint a receiver of i~id mortg3ged proprity all and s:ngular, inc~ud,rg a~i a~,d sni~uiar the income, profAS, iasues ar.d rerenues from whatever . e der~ved, each and every of which, ~t being express~y unde.swod, 1s tereby mortga~rd as ~4 apec~f~cally set fo~th and described in the granting and : e~dum cla~:es hereoi, and such Rece~ver sfia+l have a!I the b~oad and etfecr:,re iv•~cr.cns and pewers in anyw~se emrusted by a Cowf to a Receiver, and s._~ appoinime~~t shall be made by wch Court as an edmitted eq~~!y and a n:atter of absdure nqM to said MORTGAGEE, and without reference to the -.:__a.,;cy or inadeq~acy ot the value of the proper~y mortgayed or to the sonency c* v,.o:YCr.cy of said MORTGAGOR w the defendants, and that such - •s profits, incomr, iss~es and revenues s~al~ be app~~ad by such Re;e~ver accord,ng io the !ien w equity of said MOR7GACaEE and the practice of such Court. 8. To duly, promptly and f~lly ~rform, discharge, execute, effect, comptete, co+nE,iy vri~h and abide by each and every ihe stipulations, agreements, r,a~t~ons and covenants ~n sa~d promissory note and th~a mcrtgage set forth. 9. That i~ the event the ownership of the mor!gaged premises, or any part thereof, ~ecomes vested in a person other than the MORTGAGOR, 1he :^P,SGAGEE, ;ts successors and asvgns, may, w~rhout notEce ta tne MORTGAOR, dea~ wrth such successor or wctessor in interest with re(erence Io thia ~>~gage and the debt hereby secured in the same manner as wrth fdortgagor witho~t m a~y ~vay vifating or discharg:ng fhe /dortgagoti liabilify her~ c?,r or upon the debt nereby sewrrd. No sa!e of tl~e prer~~szs hereby rnortyagrd ard no farbearan=e on the part of the MORIGAGEE or its sutcessors -.,sz:gns and no exte~sion of the time for the payment ot the debt he~eby secured given by the MORTGAGEE or its successors or assigns, ahai) operate o re!ease, d~scharge, mod~fy change or affect the orig~nai Ga~~Gt~ of tiie N~ORiGAGOR herein, either in whole or in parL 10. It is speufically agreed tha~ t~me is of the essence oi rf~~s contract and that no waiYe~ ol any obl:gatlon hereunder or of the obligstion u c.,•cd hareby shall at any hme thereafter be held to be d YJdtY@f of the terms hereof or oi the insfrument secwed herby. 11. In a;id.t:o~ ro rhe fwego:n~ ~,o~rh!y paym ~nts of ;;n^.c pal and i~s~~res~ requ~:ed by the promtssory no~e secured hereby, mortgagor eovenants ~ agrees te pay ro mortgagee v.ith each „~onrh:y p;~,..e:it an add~rfonat sum ~~t•~:a+eci by mortgagee to be equa! ta 1; 12 oi the annual cost of the follow- A-A!~ rt.~l properh~ tax:s levie : o~ ossescad e~,i~~.s' ih~~ a~.ove descr~~•_d real eslate. B-P• •,;-ns o~ fire and windstorm irsurarte es iierem req~;red to be c~nied on the improveme~ts situate on the above described premises. C-Pr<<~:~ums on wcn morty :ge a~a~a~ty ;r.sura• co- as mo•rgagee sha;l frc.r : me ro r~me deem fit to carry on the loan secured hereby. :dor~goaee shall from r~~~~ to t:~ne noi~f~ mcrryagor In wr;t:ng of the a~ :ou~t d„e and payabie hereunder and such sum sha11 thereupon be due and i on the d~e darP of m~ nexr mo~th'~ r.ay,~:e~,r ard each wccessi~e month thereahcr u~nil mo.tgagee shall notify mortgagor of a change in such ~ ,;nr. Such sums sha;l be app:i~d 'oy mortgacee tos.a•d tne paymenr of real property taaes, insurance prem.~ms, ai~d mortgage guaranty insurance ::i T 3. _ IN IYITPJESS YINEREQF, tne said MORTGi.G'.")R has hereunto set his hand ar.d s•~a: the day and ye firsf afwesaid. Signed, Seated and de!~vered in the presence of: ~ • F«Ea ~ ~ ecoROEo , - ST. IUC~E iOUMTY F~A, ' Seaq . R~G•:~ ~c~ TRaS L~, eth R. rew a~y C ClE=K_ GOURT ~ - p~~Opn , '~n , (Seal) _ _ elyn . Dre tseaq ,'E OF FtORIDA ~ APR ~J J I~2 J,a~y oF _ St Luc ie.- - - ~ ~066~3 ~ Before me peno~aify appeared _~QIII1~~~L_$. DzeW e~ f EVC~~ Drew his wife, to me wel) known and known to me to be ~ individuaEs descnbed in and who exewted the foregan~ instrument, anrl acknow;edged before me ihat they executed the same for the purposes k Evelyn L. Drew «c•-e1n expressed. And the said_ _ of the said Ke nne t h=_, ~rew upon • separyle and private r.at;on by me taken aeparate a~d apart frorn he~ said husband, atkr.owfedged to and before me that she execWed said i:.str~rneiti'free{y and voluo- ~ and w~rhout any ca~np~~sion,~constraint, appr he :on or fear o{ or fr~m her said husband. ; 1 1 ~ WITNESS my hand and official seal th~s _ day Il: " • ~:~~~~%5 ~ . . ~ ~ , ~ i ' Notary Public in and for the S e oj FI La~ My Commission expires: = ' ~ 0 ~ ' " Return To: ' = _ - F:rst Federal Savings 3 Coan Associat:on , ' ~ , ~ _ ~^w~~,,~ Of Fort P c~ce. ~ j; ~ 4 1 _ Fort Pierce. fiorid3 ` ','~T~~'. Y - ''~'ur.:'t:~, ~ , - This Instrument Prepared By John lJ. Coll ins _ First Federal Savings 8~ loan Association ' of Fort Pierce, Florida ~ Checked By BCOK~~U P~~E2526 t. F x ~ ~ ~ ~ ~ ~~~~`.,~~i:ea-- ~ s ~ ~ ~ : _ . , _.K~~~ . _ . .