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HomeMy WebLinkAbout2848 3. To pface and cominuo~tly keep on the buitdings now or hereafter ~~~uate on ~a~d ~and and on aN equipment and pcrsonally coverrd by this mortg- ec~e, wilh sll p?emiums ~hereon pa~d in (uli, liro i~~surencc in the usual standa~d ~w:~cy form, in a ium a{;proved by the MOR?GAGEE, and windstorm ~n~urance In ~he usual ?~andard pol~cy form, i~ • sum appro~ed by ihs MORTGAGEE, in such company o~ co~npanies the MORTGAGEE may d~~ect; and a11 (irs ~nd w;nds~orm iniuranc~ polic;es on any of sa~d build~~~gs, any io~me~t 1F~erein or parl Ihereo(, in Ihe a9fl~z9aii sum a(o~asaid or ~n exceu thereof, shell contain the usval i~a~idard mortgeges dause or such other dau~e as ths Mortyages may requue, makinp tht Ioss unde~ ~a~d poii- c~es, each and every, payab!a ro said h10RTGAGEE » ~ts in~erest may appear, and each and every wch poi~cy shall be promptly ess g~~ed and de~~vered ~o ' eny hatd by said MORiGAGEE as further ~ecu~ity to said mulyage debt, and, not te~s than fen (10) deys in advancs of the expira?ion of each pol~ty, to de- :~ver to said MORTGAGff a renewal tha~cof, to~e~her with a ~ece~pt (or tAe premium of such rcnewal; and there shall be no fire or windstorm insu.ant~ placed on ~ny o1 sa~d bui~dinys, eny interett there~n w part thercol, vnless in ~he form and wifh ~he losi payable ai aforesaid; and in the event any sum ~ of mon~y becomea payable unde~ ~uch pol~cy or policies uid MORTGAGEE shall have the opt~on to receiva bnd apply the sa~ne on account oi the indebted- nzu secured hereby w to permil ssid MORTGAGORS to receive and use it or an~~ pa~t ~hereof fcr ori:~~. pur~ oses. .v~thour th~rcbr wa~~i ~g or ~mp„~r- ~ng any equity, lien o~ right uncler w by virtue oi this mor!gage; and in the event said MORTGAGpRS shalt fo~ any reason fail to keep the said premis~~ so ii~svred, or faii to deliver promplly any of sa~d pol~cies of insurante to ~aid MORTGAGEE, a fail promptly to pay fuily •ny premi~m therefor or in any ~espect lail to pmForm, discharge, execute, effect, tomplete, tomply with and abids by this covenan~, or a~y par~ hrreof, said MORTGAGEE ~~ay plsce a~d . pay tw tuch inturancs or any psrt thereof wi~hout waiving or af/ecling any oprio~, lien, equity, or righ~ under w by virtue of ~his Mortgage, and the f~~l amount o( each and every such paymenl shall be immed~ately due and payab!e and shalt bea~ interes~ trom the date ~hereof until pa3d at the rate of ' ~;:~e per centum per annum and to~ethrr w~~h iuch ime~es! shall be sewrrd by the lien af th~s mo~t9age. To permil, commit ot suffer rw was~e, impairment w deterioration of said property w any part thereof. 5. To pay all a~d iingular tM costi, cherges and expenses, includ~ng a reasonable attaney i fee and coa~s of abstracts of title, incurred w paid at n~y tfine by said h10RTGAGfE, b~ceuse or in fhe eveM of ~he fa~Iu~e on the pan o( ~he soid MORTGAGOR fo duly, promptly and fu~ly p@~{orm, d~scharqe. ~.ecute, eifect, tomplete, ca.nply with and ab:de by each and eve~y the a?ipulauons, ngreemenri, conditions, and covenants of said promissoiy note and this ~.orr~age any or ei~her, and aa~d costs, charges and ezpenses, each and every, shall be immed~ately due and payable; whether w not there be notice d~ :~:end, attempt ro collett or suit pend~ng; and the full amount of each end every wch payment ihali Gear interesl from the date thereof untii paJd-at tbe ~.r u' r.ine Qer centum per annurn; and all said cosh, cF~arges and ex;;enses incwrr~ or poid, togetl~er weh suth imerest, shatl be secured by ihe lien o1 thia m e r tgage. 6. That (a) in the event of any breach of this Mortgage or defa~h on tiw part of the MORTGAGOR, or (b) in the event a~y of satd sumi of money here~n r~ferred to be not promptly and fully paid within thuty i30) days next alter the same seve~a~ly betome due •nd payable, without damand or notice. or {c) in the event each and erery the stipulations, agrccmen~s, cond~rio~s and covenanrs of ae.d promiswry ~o:e and this mortgage any or either are not i,;:~, promptly and fufly perlo~med, d~scharged, executed, effecred, completed, canp:,ed wlih and ah~ded 5y, then in either w any svch eveN the sa~d ag~ ~r~~3ate sum meroioned in said promisswy ~ote then ~emaining unpa~d, with imerest accrued, and all moneys secured hereby, shall become due and pay- c forthwith, er thereafter, at the op~ion of sa~d h10RTGAGEE, as ful~y and comp!etely as if alt of rhe sald wms of money were originally st~putatcd r~ he pa~d on such day, anythi~~g in sa:d pron,~ssory note or in this I.loitgage to the tontra~y notwithstandmg; and Ihc~euFon ot thereafle~ a1 the option of ~ s~.f .titORiGAGEE, w~rhout notice or demand, suet at law w in eqwty, therefcre or thereaficr begun, may be prosecuttd as if all moneys ietured hereby r.. d matured pnor f0 ~is institutiOn. 7. That in Ihe event rha~ at the brginnin4 of or at any sime pend~ng any s~;t ~pon this Mortgage, o? to for~lose 1f, or to reform i1, or to enforce ;~::~,ent of any daims hereunder, said h10RTGAGEE shall apply to the Ccurt having ~ur~id.aion ihcreof for the appo~ntment of a Receive?, suth Cour1 shail ~^~.v~rh appuint a recei.er o1 sa~d mortgaged property all and sir.gular, incl~d~ng a:t anJ s~~~~u:ar ~he ~nceme, pro(11~, issues and revenues trom whatever 4 s_ derived, each and every of wh ch, it being expreuty underxt~wd, is hereby mor!gagad as if spec~fically set forth and deacribed in fhe granting and ~ I..~l~~rdum clauses hereof, and such Receiver shall hare all fhe broad and effecr~~e fvr.ce~r.ns and pov.ers in anywise emrusted by s Caurt to a Receive~, and ~ __h appointment shall be made by such Cou~t as an adnined equity a~d a~natter of a~;o.ute r~qht to said MORTGAGEE, s~+d without referente to ths ~ ~s~y.,~cy or inadeq~acy of the value of the property mortgaged or te the so,•:ency o~ >o:~ency of said MORTGAGOR w the defendants, and that such ~ ~.•~~n protits, income, issves a~d rcvenues shail be appi~ed by such Receiver accerd.ng to ~he lien or equity of said MORTGAGEE and the practice of such LOUff. ' 8. To du!y. promptly and fully perform, discharge, execute, effect, comp!ete, co,~=piy with and abide by each and every the stipu~atior~s, ag~eements, d~Nons and covenanrs in sa~d promisso+y note and tMs mortgaye srt -forth. 9. That in the event the ownerihip of the mortgaged p•emises, or any part thcreof, becomes vested i~ a person other than the MORTGAGOR, the R?GAGEE, i+s successors and assigns, may, w~rhvvt neiice to the Ab~RTGAOR, dea! w~~h such successor or successw in interest with referencE to this ^~~gage and the debt hcreby se.~red in the same manncr as w]+h l.torrgago~ without in any way vit;ating or d~scharging the Mortgagori liability herr . 1.~r or upon the deb~ hereby securcd. ho sa e oi the Frenuses h~.eby mortqrgEd a~•d no forbearance on the part of the MORTGAGEE or its successors ~ss~gns and no ea~ens~on of rhe t~me for rhe payment of the debt hrreby secureci g~.•en by the /JIORTGAGEE or its successors or assigos, a(~all operate c: re'ease, d~scharge, mod~fy ct:enge or afiec? the o-ig~nal Gab~Iny of th~ M.GRTGAGOR here~n, either in whote or in part. 10. It is spec~E~ca~~y ag.eed that ti~ne is oi the easence cf th~s contract a~d tieat no waiver oi any obfigation hereunder or o~ the obligation se- c~red h,;reby shat~ at any teme thereafte~ be hetd to be a woiver of ~he terma hereof or of the instrumeM secured herby. 11. In add~r;o:: to ~7e forego ng monthly payn~~nts of pri:.c pai ~nd ~nrerest reqwred by ttie prom~ssory note secured hereby, mortgagor ~ovenants ' ~ j agrces to pay ro mortgagee w~th each :non~h~y pay,.;ent an add ~~onal sum est~~~ated b~ mortgagee to be equal to 1~'12 of the annual cost of the follow- ~ A-Ali reel prope~fy ta,cas irvied or assess_d ayai~~st tn~ above desc~~b~d reat es!~tc. B-Premivrt:S on fire and windstonn insvracce as herein req~~~red to be carr~ed on rhe ~mprove.me~ri sitvate on the above described premises. C-Prem~ums on such mortgaoe guaranty ir.sura~~ce as morigagee sha!t frcm t me ro rime deem fit to carry on the loan secured hereby. t Mo~tgagee shail from t~me to t~me nnt~fy morrgagor in wr~r~ng of the amount dve and payable hereunder and such sum shall thereupon be due end ~ ~ ...:h!e on the due da!e of the next monthi~ payment and each successive mo~~~h therealr~r ur.til mortgagee shall notify mortgagor of a change in such ~ : ~~:v. Such wms shau ~e app!icd by mwtgagee toxard the payment of real property taxes, insurante prem:ums, and mortgage g~aranty insurante ' ~ , .-.~UTS. i IN YlITNE55 'NHEREOF, the sa~d MORTGAvOR has hereuoto set his ha~:d and sea! the da and year first eforesaid. Signed, Sealed and delive+ed in the presence of: j p~ _Ci~iR1?f~ ^ ~ 37_! 1rC:i ~Jt•M77 flA. , ~ Ft,._ srRS ~ J Se Reve1S ~e ~ (s~aq E 7 ~l£?• . " ' .'!2 ~O~itT ` (Seaq i _ ~ f ^ ~ _ ~ ~ thel L• . Revels «a~~ E : IQ /'lil lSeaq ~ OF FLORIDA ~ ~ St Lucie ~~~4 ;,r~TY OF ---i--- ~ 8efore me personally appeared _ JeSSe L. R-V 1~'+ e~ ~ _ Et~l@1 j.~ Revels h~: wife, to me well known and known to me to be ~ : individua(s descri6ed in ard who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ -~_~cin expressed. And the said- Et}]~1 Revels ~ .•.:~o of the said - JQSS@ L~ Revels g . upon s teparate and p~ivats ,~~,.naf~on by me ta4en separate and apa~t fram her said husband, acknowledged to and bcfore me that she exetuted said instrument freety and voluo- ' ~ and w~thout any compuision, constraint, appre'hens~~ or fear of or from her said husband. ~ Y'lITNESS my hand and official scal thi~_~ day of _ ApYll ~ p 19 75 ~ '~=%E~w ~ Notary Publ~c in and the State of Fbrida at large - ' My Commission expi . - Retum To: k ~;rst federa! Savings S Loan Assoc~aron ~f4ry fybiC, S/d~ ef qe~As d(at~ ~ Of Furt P erce- Wly Commiuion EsOins Ost. 30, 1176 ' Fo~t Pierce. Florida bondtd by Am~rkon Fin 6 Casvolty Co. i i ~ t~~~• - ~ , ~ " S ; This InstrumeM Prepared By Robert A. Swisher Jr. . - ~ First Fede~al Savings 8 Loan Association ~ • ~ 'i: • ~ of Fort Pierce~ Florlda 33450 ~ ~ , . - Checked By BOOK~38 EzS , J r~ . ~ PAG 4~ •.r-^;~:..-'',~{ $ . ~ . ~ ~ ~ ~ : ~ ~ _ , . ~ x~~:' ~ h _ _ ~ - ~ - - , , _ .