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HomeMy WebLinkAbout0122 3. To pl~c~ and continvously keep on th~ buiidinps ww w hereaitN ~itusle on ~a~d I~nd ~nd on all eq~ip~nent and persw~ally covered by thi~ morl~- ~gs, wi~h al) premivml the~~on paid in full, (i~~ insur~nce i~ ~M ususl :~•ndard poiKy form, i~ • sum •Fproved by the MORTGAGEE, a~~d windatum ~niuranc~ in th~ u~w1 itandard pol~cy tam, in • ~um app~ov~d by tM MORTGAGEE. ~n tvch company or corr+pan~es ~i +M MORTGAGEE m+y dirKtj ~nd •II fir~ ~nd wimf~torm in~urance policie~ on any of •aid bu~td~npi, any in~ere~t therein or part thereof, in tM sgqrQy~t~ sum afw~taid u ~ in exceu IF~eof, ~Full cont~in the ~sual ~tandard mwtpa~~~ tlausa or fuch other claus~ as the Maty~gs~ m~y ~equ~re, m~Ainy Ihe loii u~de~ sa~d pol~ • cle~, each and e~Ny, paysbls ro ~~Id A10RTGAGEE ss iri imeresl n,ay appaar, and esch and every tuch po~~ty shall be promp~ly ~ss gned and dal~vered ~o e~~y held by s~id MORiGAGEE ~s fu~tFw~ i~cur~ty to wid mu~p~ps debt, and, not lesf ~Mn tsn (10) dayt in adVanca of the expirst~on of each poli~~, to d~- t;ver /o Hid MORTGAGEE a renew~l tMr~of, loqetMr with s ~ateipt for 1M p~trr+ium of •uch renewal; and there shall b~ no f~re o~ wincistwm i~surante p~eced on any of said buildinp~, •ny inte.e~1 ~har~in w pa~ Ih~reof, uniess in the (o~m ~nd wifh the loss payable as aforetsid; and in ~he event a~y sum of money becomes payabl~ undK ~uch policy a polici~s uid MpRTGAGEE ihall Fuvs the opt~o~ Io ~ecaive and spply ~he same on account oi th~ i~dab~ed- nrsa ~etured lKrtby w to permit ssid MORTGAGORS ro receive and uw it w•ny part ~he:eoi for orher pwpcses, ~v~~hour ~h_~eb/ wat+in3 or ~n:pa~r- ing any puity, lis~ o~ riyhl unde~ a by vlrfus oi this mortpap~; and in the event sa~d MORTGAGORS ~hall fw eny reason fail to keep ~he aa~d prem~aes w insured, p fsll ro deliver promptly a~y of ssid politist of insuranc~ to said MORTGAGEE, a fail pramptly to pay fully any pr~m~um theretp o~ in any respect f~ll to psrform, discha~ge, ea~cute, effacf, comptet~, comply with ~nd abid6 by thi~ covenant, a eny part hereol, said MORTGAGEE may place a~d pay fw tuch Insu?anc~ or any part thereof without waivinp p•ffectinp any option, lien, eqv~ty, or ~igM under a by vi~tue of this Mortgage, and the - !~II amo~nt of esch and every ~uch payment sF~all be immedistely dw and psyable ~nc! shall be~? inte~est from ihe date thereof until paid si the rate ol ~~ne per centum pN annum and to~ether with such imere~~ shall be tecvred by the lien o~ th~s mortfl~ge. t. To pe~mll, commlt ot auffa no waste, knpairment a deteriorat7on of ~~id prope+ty w ~ny paN thereof. S. To pay ell and iinputar tM cwb, cMrpe~ and expense~, includinp a reason~bls artwney'i fee and cos~s ot abstracti of titl~, i~cur.ed w paid at any time by ~aid MORTGAGfF, because w in the ~vent of the failure on tht pan of the sa~d MORTGAGOR to duly, promptly end tutly per(am, d~xharge. execur~, ef(ect, complet~, comply with and ab:de by ~ach ~nd every the itipvlat~ons, agrcen,ents, conditions, and covenanri of sa~d prom~ssory not~ snd this mor~flye any w e;~her, and a;d cwts, chsrqe~ artd expeo~ea, each snd every, ~hall be immed~ately due and payabt~; whcthe~ a no1 tF~e~e bt notise d~ mand, atterqpt to collect or suit qndinpj and th~ full ~rtw~M of each and svory such payment shsll bea. inferest from tM date thereoi umil paid af tht rr of nine per ceroum per annum; and all said co~ts, charyes ~nd expensei incurred w pa~d, togNher w~~h such interoit, ahail be secu~ed by iM I]en of th~i mortQAys. 6. That (a) In the event of any bn~ch of thit Mortg~y~ or default on the part of the NORTGAGpR, or {b) in tM event any of satd ~umt of money here7n referred to b~ not promptly and fully peid wiihln th~rty (30) days nexi ~fter the iame uveratty become due and payable, witho.it dan~~d a notice. or (c) in the ev~nt each and every the stipulatio~a, ~gretment~, conditio~ and coven~nss of sa.d promluory note and th~a mortpsye ~ny or either ere not i~•;y, prompdy e~d fully performed, d:xharyed, executed, eifeNed, completed, carnpi~ed w~fh and ab~ded 5y, then in euher w any such eveM th~ sud ag g~egate wm mentioned in said promis~ory note then rtmaininy unpaid, witfi inte:est accrued, and all moneys secured hereby, thall become du~ a~d psy~ eb!e forthw~th, a theresfrei, at fF~s oprion of tad MORiGAGEE, as fuley and complefely as if all of the said sum~ of money were aiginally tt~pu!atcd ro be pa~d on iuch day, anythinp in ss~d promissory note or in th~s Mortpage fo the contrary notw~ehsta~ding; and thereuponQ~ thereafte~ af the op~;on of sa~d MORTGAGEE, without norice w demand, suit at taw or in puity, therefwe a thereafter bcyun, may be proucuted s~ if all moneys sxured F?ereby ~ad matured prto! fo its inititWion. 7. That in the event tMt st the beginning of or ~t any time pend~ng eny s~tt upon th1~ Mortgage, or to fo~ecloae it, w to reform it, or to eniwc~ payment of ~ny clsims.hereunder, said MORTGAGEE shail apply to the Cour~ having iur~sd~ction thereof for ~he appo~ntment of a Receiver, such Courf shall f.=•:fhwi~h appoint a receiver of said~mwtpaged property aIl and singuia?, ir.cluci:ng a11 and s~nyu~ar ~t+e incame, proi~ts, issues and revenues Ira~n whafever ic~rce derived, •sch and every of which, it bein~ exprossfy understood, is hercby mo.tgaged as if tpetifically s~t fwth ~nd dauribed in the praroing and hnbendum cl~usei hereof, and s~ch Rrc~iver thall have all the broad and effea~ve furct~en~ and powera in •nyw~se entruited by ~t Cou~~ to • Rcceiver, and s_ch appointment shall be msde by ~uch Court as an aldmitted equity and ~ r+atter of absotut~ right to s~id MORTGAGEE, snd without refe~ence to ths edeqwcy a inadeqwcy of the valw of ths property mortyaped or to the ~o,vency or ~~soivency of asid MORTGAGOR p the d~fendants, ~nd thaf such re~rs. p~ofitt, income, i~wts and revenu~~ aMll b~ appGed by wch Rece+ver accord~ng to th~ iien or_ equity of uid MORTGAGEE and ths pr~ctica of such Court. • 8. To d~ly, promptly ~nd ful'y p~rform, d~uharge, execure, effed, complete, comply w~th and eb~de by each •nd tvery the stipulations, sgreements, cond~tions snd covenanM in sa~d promi~sory note and th~~ morrpsge tet torth_ 9. Thaf in tne event the ownerahip of the mortgsged premises, or any part the~cof, betomes vested in ~ person otlxr than the MORTGAGOR, the :'QRTGAGEE, itf a~ccesaws and a~s~gn~, may, wifhouf no~ice to the MORTGAOR, dea; w~th such ~uccessor a successw in interest wifh reference to thi~ o-tgage and the deb~ hereby secured in the ssme manntr es wiih Mo~tgagar w~thaut in any way vit;ating or d~xFarging the Mortgagor~' lia5ility hera. .,~,der or uFon the debt hereby sccu~ed. No •~le of ths prem~ses hereby mortgaged ard no fnrbearence on the part of the /AORTGAGEE w its successors o- ass~gns and no exrension of the t~me for the payrrunt of the deb~ hsreby secured g~~en by the MORTGAGEE or its ~uccessor• w su~gna, ihall operat~ ro reieese, dscharye, modify change or affect the orig~nal liabil~ty of the MOR:GAGpR hcre~n, either in whole w in put. 10. It is spcc~fically ag•eed ihst time is of the essence of rh~s co~tract snd that no waiver of any obl~get~on hereunder w of tha obli9ation se- cu•ed hereby shall st any tim~ thereafter be held to be • waive~ of the terms hereof or of the instrument tecured herby. 1 t. In add~tio~ !o the torego:ng mont!~ty psyment• of pri~c pal and iroerest req~~ired by the prom~ssory ~ore secured hereby, mo~tgagar covenants ~ agreef to pay to mortgegee ~nith each menthly payment an add~rions~ aum ess+mated by mortgsgee to be equa: to 1112 of the amual cost of the foltorv- ~ A-All real property taxes ~evied or assetsed agai~st tne above dex~ited reai csTate. B-Prem~ums o~ fire and windstorm intursece as herein requ red to be carried on the ~mprovemenb sitvate on the above dsscribed prcmises. C-Premiums on such mortqage gwranty insuronce as morrgagEe sha~l from Yme to t~me deem la to u~ry on the lo~n iecured txreby. Mortgagee shall from time to time notify mortgagor in writing of fhe amoum due and payabie hereunder and such sum shall thereupon be due snd , =,abte on the duc dare of ihe nexi monrh:y payment end each successive month ?hereafter ur.ri! mort9agee ahall r.otify mersgagor of a change in such ovnr. $~~h sums sF.all be •pp(ied by mortga4ee towa:d the payment of real property taaes, iruurance prem;ums, and mortgage guaranty insurance . •c~niums. NESS WHEREOF, the ss~d MORTGAGOR h~• herevnto set his hand and seal rhe dey a year firsl aforesaid. S~ , Seal~d • iv ~d in tht prnence of: ~ ' f11EG ~:r. ='i:ORJEO ~ ST.~U~ :-,OUMTY FLA. ` i D, le Trefeln ' ; R~~~: ~ ;:":AS a~ ~ CIf=,K = ;~i- ^CURT ~ n' . - , . (Sea4 j (Seai) ! ST:ATE OF FlOR10A ~M~ I 1~ 3$ aN ~7~ i ~ ~ St . Luc ie u' ~n~nCc ~CUNTY OF ll ~."vV ! g~f«e ~~~~~~y e~~~~ Regis Dale Trefelner, a single adult xs~c i x?fiK~G~to me well known and known W me to M - rhe ind~vidwf/ described in ~nd who executed the foreyany instrument, and scknowledged before me that ~he~ executed the same for the purposes ~ rhe,ein exprei~ed.X~mfiC~ ` ?4JC'K ][iC~iUfale~f ' :~.'QO~d07Q1Q'XkKl31U~70!(KlSSO'7m[]~LDG~p1C1tfC007CblJp~b~4l~0I~5COC~ff(9QbD~ 7~UO~OCD~9i~7~*~RlQ)QKIK~7~9~1QX ' ~lc+~X~XX~Witiii4 ~'G~fjififi ~K7E~GXlS~~fo1GJ47iMii+b~fi~4~faKZ GX t WtTNE55 my Fwnd and official ~eal thi d~y of A. D. 19 7 S i t t Notary Vublic in snd for Stat f Florida at luy~ My Comm~~~ion ~apires - Relvrn Ta. Q F~nt feder~l Saving~ 3 loan 14asociat~or. ~Q . GC7~ • Of For1 P~erce. - fon Pince. Florids - t, , - • ? ' ' y ! r t y ' _ ~'t~•~%•" 4 _ ~ f This Instrument Prepared By John tiT. Cdi i ns ~ P.~,~ r First Federal Savings b ioan Association " _ f af Fort Pierce , Florida p R ~Q . . ~ ' - - 800K t7 PACE - r: , . .)s . ~ ~ i. ~ .~-.Sz Checked ~ - r' t T BY ~ %~c''F' :i~;`~'~~~` ~h~~ ~ORjQS'~'~`..: . ~~~~/l~i:~~~. ( ~ ~s ~ - - - - - - ~ ~ r ` -c ~v ~...Y-_.-~ :