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HomeMy WebLinkAbout2850 3. To place and continuovsly keap o~ tM buiid~ngs now or herea(ier ~iluate on sa~d land and on al{ equip+nent and per~onally tovtrcd by thit mortg~ ege, with all p~emiumt thercon pald in full, Ifre insurance in ~he uiual standarJ poGcy fonn, in a sum app~o~ed by ~he MORIGAGEE, and windstorm ~nsura~c~ in the viual atandard pol~cy (wm, in • sum ~pproved by ~ha 1NORiGAGEE, :uch company o~ canaanies as ~he MORTGAGEE may d~rect; •nd •II lire and wi~ds~am insuranca pol~cies on any of aaid buitd~nfls, any intera~t therein ar part thr~croi, in the a99~~9aie svm atoresaid or in eacess ~hereof, shell contain the usual standard mortgagee Nauie o~ sucA o~her clauis ai Iho Morlgagee may requ~ra, making the loss ~~~der sa~d polN c~es, each and every, payable to said h10RTGAGEE as ~h imerrsr rnay appear, a~~d racfi and every such p.~!icy ihatl be p~omp~ly ais gned a~~d deifverrd ~o any held by said MORTGAGFE a~ (urther sewrity to ~aid mortyage debt, snd, not I~ss than ~en (10) days in advance of the expiration of each pul~cy, to de~ I~ve~ to faid MORTGAGEE a ~e~ewal ihereoi, toge~he~ with a reteipt fo~ the premium of such renewal; snd there shall be no fire or windstorm insurancs ' placed on any of iaid buildirqs, any intereil thcrei~ or pert thereof, ~nteas in ~hc ior~n ar~d with ihe loss payable as aforesaid; and in tl,e eva~t any s~m oi monay becomes payabte un~r iuch poficy or pol~cies said MORTGAGEE shall have thr ophon to recrive and apyly Ihe sarne on account of the indrbsed ness securetl he~aby or to permit safd MORTGAGORS ~o rete~ve and use it or any ~an ~he~eof tor o:iicr pw~~oses, w:thout th~noj waiv~-y :,r ~~~:p~~.- ~ng any equ~ty, (ien or ~ight unde~ w by virtue of this mor~gage; and in the event ta~d MORTGAGQRS shall fo~ any reasw~ fai) to keep the said prem~ses so ,mured, or fail to deiiver promptly any o( said pol~c~es of insurance to said MORiGAGEE, or fail pro~nptly to pay (ulty any prem~um therefor o. in a~y respen (ail 1o per(wm, d~scharge, execute, efiect, complete, comply with and abide by this covenant, or any par? ha~eof, said MORTGAGEE mey p~atr a~~d p,y fo~ such insura~ce or sny part thereof w~thout waiving w aiFecting any opt~on, lien, equ~ty, or nghf u~der w by virtue of ~his Mortgaqe. a~d thc tull amount of each and every such payment shall be immediately due and payable ond shall besr interest 4rom the date thereof until pald at the ~ate ol % ~~~r,e per c~nwm per anr.um and to~rther with suth intcrest shall be sewrad by the lien of fhis mwtgaga. 1. To petmit, commit or au((er no waste, impainnent or delerioratio~ o( said property w any part thereof_ S. To pay all and singular the costs, chargei and expenses, ~ncluding a reasoneble anorney's fee and coats o1 abstracti of title, incurred or paid at any time by sa~d MUR7GAGEE, becaose « in the eveN of the failure on the parl of the said MORTGAGOR fo duly, pranptly snd fully pe~lorm, d~scharge, execute, effect, complete, comply with and ab:de by each and every the stiputa~~ons, ag~eemenrs, conditions, and covena~tirs oi said prorn~ssory ~ote and th;s n,crrgage any or either, and said costs, cMrges and expenses. each and every, ahall be ~mmrd~ately dve and payable: whuther or no~ there be no~ice de~ ~nand, attempt to collect or wif pe~dmg; and rhe fvll amouM of each and eve~y svch paymem shal! bear imerest from the date thereof until paid e~ the 'o cf nine per centum prr an~~u:n; and aii saiJ costs, cherges and eeprnses incurred or pa~d, toge~her w~th such interest, shall be secured by the Iien of this ~nortgege. b. Tha1 (a) in the event of any breach oF this Mortgage or dcfauft on t{x part of the M~RTGAGOR, or (b) in the event any of sa~d tums of money hcrein referred to be not promptly and tully paid with~n Ihuty (30) days newt atter ~hr same severally becon~e due and payabte, without demand or ootlce, or (c) in the event each and every the stipuiatio~u, agreemeNS, cond~rio~~s and cove~uros of sa.d prom:swry note and th~s ma~tgage any w either are no1 ~uiv, p~ompNy and fully performed, d,scharged, executed, eifected, cornp(eted, tompi~ed w~~h ard abid~d Sy, then in e~ther or any such event ~he sa~d ag ~r: gate sum me~tioned in said prom~ssory note then remaining ~npa~d, with imErr,t aa~~ed, and ail moneys secured hereby, shall betome due and pay a forthwith, or thereafrer, at the opt~o~ of sa~d MORTGAGEE, as fully and completely ae if a~l oi ~hr sa~d sums oF money were origina~ly st~pulated ; h._ pa!d on auch day, anylhing in sa.d prom~sswy note or in this 1Jlortgage ?o ~ne con~:ary noia~ithstanding; and there~pon or thereafte~ at the op~~on of s,:f h10RTGAGEE, without notite o+ demand, suit at law or in equity, thar~fore o+ ihc~ralter pegvn, may be prosecuted as if all inoneys aecured hereby n:d malured pnot to ~ts instituhOn. 7. That in thz event rhat at the beginn;ng of or at any tirre pending any sv:t upon fh~s Mortgage, or to foreuosr it, or to retorm it, or to enforce ~,,~nem ot any da+ms hereunder, safd A10RTG.~GcE shat! app~y ro the Court ha~~~~3 ~~nsd.c~:on thereof for the appo~ntmeM of a Rece~ver, such tourt shad r, r~.,,i~h appoint a recei.er of said mor!c~ayed prc{,~rty ail and sing~iar, inc~~d:~,g eil ard a~~~gutar tl~e co~ne, profits, iswe~ and revenues from whateve: s? .••ca derived, each and every of wh~ch, it be~ng express:y undrrstood, ~s F.ereby ~wrrgaged as if spec~ficaity set torth and described in the granting and h:,:,endum ctavses hereof, and such Receiver shall have all the br~ad and effec+~.e f~rc~ c~•s ar.d powers in anyw~se emrusted by a Co~~t to a Receiver, and s_:h appoimment shatl bc made by soch Court as an admittrd eqoity and a matter of ab>oiure ngnt to said MORTGAGEE, and without referente to the +.'_qv;cy w inadequacy of the val~e of the properey mor~gaged or to rhe savancy cr ,r..c..~ency of sa~d MQRTGAGOR or the defendants, and ~hat such ••,•~~s. profits, ir.come, issuts and revenues sfiall be app~~ed by such Recrivor ac.ord~ng w the iien or eq~ity of said MORTGAGEE and 1he pratti[e o( such Ccvrt. 8. To duly, promptly and fully perform, d~scharge, execute, eifect, Compiete, cor:.p;~ wlfh and abide by each and eve+y ~he stipulations, agreements, ~~~d~~ions and covenams m sa~d promissory no:e and this mor*gage srt forth. i 9_ That in the event the ownersh~p of the ~nortgaged premises, or any part thcrec(, Eecomes vested in e person olher than the MORTGAGOR, the :'RTGAGFE, its wccessora and ass~gns, may, .vi!hout ~ot~ce to the MCRTGA~P., deat .v:r6 such successor or succeswr in interest with reference to th~e ;~aye a~~d fhe dc•oi hereby secured in the same manner as wiih 6lcrtgagor wahout .in any way vit~ating or d;scharging the fAortgagors' Iiability he~e- ier er upon the det,f hereby secv~ed. No sa:e of thr Frem~ses hereby marfgaged erd no forEearance on the psrt of the MORTGAGEE or its successors ~.,ss~yns and ro e~renron of ~he ~ime for the ~aymenT of the debi he~ei-y sec~:ed g~ven by the MORTGAGEE or its successors or assigns, shstl operate ~ re~ease, d~scha:ge, modify change or aflect the oriy;nal L3G~::~y of ~he MORIGACaOR herrin, either in whole or in part. 10. It is specificalty agrerd thai ti:ne is of tF,e essen~e of thls co•~rrocs and that no waiver of any obliga~~on heteunder or of the obligation se- ..;-~-d h~reby sha~i at any hme thereaner be hcld to be a wa~ver of the terms hereof or of the instrument secured h¢rby. 11. In add r.o~ to thP fcrFge ng ~.ionth;y payments af ~,rirc ~:a~ and interesr reqwred by the prom~ssory no!e secured hereby, mortgagor covenants ay~^es to pay to mo:tgagce w.irh each :non•hly payr:.ent an ad;t~rfonal wm ~str.,~ated b~ ~:}ortgagee to be eq~af to 1!12 of the annual cost of the iolfow- , A-All real Froperty tax~s levie:3 or assess~d agii•~st thc above desc•+~ed reat es!ate. ! 8-Pr~r..~u~r.s on f~re ar.d wir.dsrcr:n inwra~~ce as he~c~n r;G~~red to be carried cn the :m,.roveme~ts situate on The above described premises. ~ C-Premiumz on wch mor:3age g~aranty insurar.~A as morrgagee shail frc:r r!me t~ time deem fit to cariy on the loa~ secured hereby. rdort a ee snail from hmv to time no!if~ mort er ~n v:rinn of the air.o::nt d~r and ~p ; i 9 9 9ti9 9 payable hereundrr and such sum shaU thereu n be due and s ` ,•,bfe on th~ due date of the next month:y paym~nt a~ed each successive mo.~h tnrreafrer ur,til mortgagee shall notify mortgagor of a ehange in s~ch ~ ~ns. Svch sums sHail be ap, iied by mortgagee toward the payment of real property tases, iosurartce prem:ums, and mortgage guaranty insurance ~ums. ) { IN 1YITNESS :YHER[Of, the said MORTf,AGOR has hereunto se! his hand and seai trte day and first aforesaid. - E S~gned, Sealed and delivered in the presence of: G fll~l. r~_~ ~:Ctt~cJED a p fT l~l'~~~ ~:~vNTY tlA. a~~ ~ " . _ kt =:~'~AS ~ BE t . Ca b 1 s~~ ~ i 'C_ ~ f~ CI _ . . ;~.tT ~CURT . ~ - o~; . , , - r3 " _ lil/G (Seaq f _ _ _ _ Cor Cam bell _ ~,i~ o :'A?c OF FLORIGA ~ IMq W ~C 1Q j~ ~15 • ~ .'~TY OF St • L11C16 ~ ~~~$sS ~ ( ~ Before me personally appeared _ BQttV F. C~,~~~L a~ ~ COT~t 1.. Campbell hez husband, to me well known and known to me to be :;ndividua(s described in and who exec~ted the foregoing instrument, and acknowledged before me that they executed the ~ame fw the purposes ~ ~ re;n expressed. And tht said__ _ L'et ~V F. Campbell `t• ~ •'e of the said _ _ CAt';[_~~ Camp2'fPl 1 Jr . upon a separate end privsts g ,-r, nat~on by me taRen sepa.ate and apart frone her said husband, acknowledged to and before me that she executed said instrument freely and votun- ~ and w~thout any compulsion, constraint, apprehens:on, o~ fear of or from her said husband. ~ WITNE55 my hand and official seal this-_ _ day af____ April A_ D. 19_1~ S ~ . Y ~ary Public in and f State of F;oride at large My Comm~ssion expir : Return Ta: s ~ F:rst Federol Savings a Loan Assouet~on ~ ; ; OF fo~t P:e:ce. Ne?ary ~~bli4 Stef1 of Florido ot ~ ~ Fort Pie~ce, Flcrida My G~~sseon E,~pirst Oe•. 3Q, 1~ y.t~tli!!!!;,~ ~ ~ donded by Art:cri;aA F~te ~ (~a1vo~~l ~ , " _ : . 'y: , ~ ~ < d This Instrument Pre ared B ' P Y ?~illiam J. Forbes • ~ < ~ First Federa) Savings & Loan Association : ~;t"•,~ ~ of Fort Pierce ~ Flor~da 33450 0 R : o~ ~ 8aeK238 Pnc~284 . ~ . . ~ - ~ ~ Checked By ~ ' . , . . ~ ~ ~ ~ O~ ' g ~.`ll.. . ~ z ~u ? r ° ~ t 4 ,.s:~e'N , - - - - - Y'' ~ a~~ ~ % . x z. . ' - L_~w-"~' ~ *w '~~~~'F . ~ . _ . a ,~`'S~-'~?r: - _ .