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HomeMy WebLinkAbout0746 To pl~c~ ~nd continuo~dy keep on ths buildinps now a MresftN ~nuu~ on sa~d lerd and cn ~11 aq~ipment aod penonally co~ered by rh~i mwt9- wilh all pr~miwns tMrwn paid in f~ll, fir~ inturanc~ in thi utu~t standarj polity form, i~ • ium sparored by tht MQRtGAGEE, snd w~ndsto~m ~n~uraocs in th~ ~su~l uandud pol~cy fam, fn a fum ~pp~ov~d by tM 1NORTGAGEE, in ~uch compeny or companies a ~h~ MORTGAGEE may di~Klj and dl f'u~ and windalorm Iruurance policies on any ot iaid buildmpi, ~ny iroer~u ~he:cin o~ put tiurw(, in the ~g9rey~re ~um afaesaid a fn exu~s Ihereo/, ~hall contai~ tM usual standud morlgapN cTauN or ~uch o~Mr clause s~ tFN Mpeyages may requ:r~, m~kinp ~hs loss under se~d pol~ cie~, e~ch sr?d every, payabl~ 1o tsk! MORTGAGEE at its inters~t may appaar, and each a~d eve~y such policy •hall b~ promp~ty •ss.9ned and dr~ivered to •ny h~ld by ~aid MORiGAGEE ~t fu~thN secu~ity to ~aid mon~ap~ debt, ~nd, not teu tF+~n tsn (10) days in adYance oi the exp~ration of each poi~cy, ~o da I~ve. ~o Nid MORTGAGEE a ron~wal tM~~of, top~~hK with •~et~ipt fw tM pr~mium oi ~uch renewal; ~nd ~here ahall be no fae or w~nds~orm insu.anc~ • pls:ed on ~ny oi said buildinps, ~ny intert~t fMrsin w put tFurwf, vnleu i~ the form and w~th ~M lou pay~ble as af«esaid; ~nd in ~he e_enr any ium of m~y becanes payable u~da such poliq or polica~ uid MORTGAGEE ihall have ~M opt~on to receive'snd apply tM ssms on accouro of rhe indabtad~ ; net~ secured hK~by w b permit said MpQTGAGORS to r~ceiv0 ~nd ~N i1 or •ny part thereof for other purposes, w~thout thereo~ wa~.ing o~ ur.pair- iry any equity, lian w ri9ht vndsr or by virtw oi thi~ mortp~peJ ~nd in tM ~vent s~:d MORTGAGORS ihell for any ~eason fsil to keep the sa~d p?emises so in~ursd, p fail b deliver promptly ~ny of said pol~cies of insurant~ to ssid MORTGAGEE, w fail promptly to pay fully •ny premium theretw o~ in any : respect faft b p~rform, dixharg~, ~xecut~, ~ffxf, complete, comply wtrh ~nd sbids by ~hii covanan+, or any part hereof, sa~d MORTGAGEE may p?ace ~nd pay fw such Infurance w~ny part tMreof without waivin9 or affattinp ~ny op~ion, lien, squity, or right unde~ or by virtue oI thi~ Morr9a9e, and tM - full amount of sach and sv~ry s~ch payment ihall b~ immediately dw and payabte ~nd shall bear inrerest from the dete thereof vntil paid at the rat~ ol ,~ne pa centum par annum and together with such intrest ~hall be secured by fM li~n of t!::a morfgaya. 1. To psrmit, aommit or sufier no waste, knpaGcneM or deteriw~tion of s~id property w any part fhereof. S. To pay all and ~inpulu tM costs, charp~s ~nd expenses, includinp a reasor»b!e attorneyb fee and costs of absn~cts of tctle, incvrred o~ paid a~ enY ~ime bY uid MORTGAGEE, bec~~ss or in tl+e ev~nt of the failure on ths part of the sa~d MORTGAGOR to d~ly, promptly and fully ps~fQrm, d~uharge, execute, effett, compkts, tomply with ae+d ~b;d~ by ~ach and every the stipulations, agreeme~ri, condi+ions, and covenanb of aaid prom~swry note and this morrgape any a ei~har, ~nd sa~d cwb. chirpH and expenui, each end every, shall bo immedi~fely due ~nd payable: whe~M~ or not there be not~cs de mand, altempt to collect w~uit p~~dinpj and tM full artaunt of each and every such payment ~hall bei~ interest from the dste thercof ~ntil p~id at the ~~re of nins per tentum per arn~um; and all uid costs, cMrpes and expenses i~curred a paid, together w~~h such interest, sMll be secured by tM lien of this mwt~ap~. s b. Th~t (a) in ths event af any breath of thii 1No.tg~ or default on the part ot the MORTGAGOR, w(b) in the event ~~y of sa~d svms of money herein refNr~d to bs not promptly ~nd fully paid within th;rty (30) daya neat after the ~ame severally become due and payable, without demand or notice, cr (c) in t!» event axh and svery tl» ttipul~tions, ayreamenn, conditions and covenents of ~a,d promissory note and fA~s matpe9e any w sithe~ a~e nof i~Iy, promptly snd fully perfwmed, disch~rged, execured, effected, compteted, compf~ed with and abided Sy, then in either or any svch event 1hs :a~d sg gregate wm mentaned in s~id ptomistpry npte then remaininp unpaid. with intere~t accrued, and a~l moneys secured hertby. ihall becom~ dw and pay~ ao;e fwthwith, or there~fter, ~f t1w option of sa~d MORTGAGEE, ss fully and complere~y a~ i( all of the said sums of money were wigin~t:y sGpulsled to be paid on ~uch day, s~ythinp in sa:d promisswy note or in thi~ Mortgage to the centrary notwi~hs~anding; and thereupon w thereafte~ at the option of sa~d MORTGAGEE, without notice w demand, suit et law or in ~quity, the~efore or thercaite? beyun, mey be prosecuted if all montys s~cured hereby had mafured priq fo its institutiotf. 7..Thet in th~ event that at ths beginning of or ~t any time pending any suit upon thie Mortgage, or to fwetl~~ it, or to rofam it, w to enfwq payment of any cl~ims I+~rcunder, said MORTGAGEE shall apply to the Coun hsving jurisd:ction thereof for the appoi~tment of ~ Receiver, :uch Court shall for!hwith ~ppoinl • receiv~r of ~aid mortgaged property all and sinflul~r, in:lud~r.g ail and singutar the income, profits, issws and r~venuts from whalsver source derived, ~ach and ~very of which, it bairg expressly understood, ia hereby morrgaged a~ if apeuficslly ut fwrh and desuibed in the p?aroi~g and habcndum clausy hs~eof, and such Receiver ~hall havs ell the b?oad and effecrive funcf~ons and poweri in anywise entrusted by a Cou.t to a Receiver, ~nd s~ch sppointmcnt shalt ~e made by svch Court ~s ~n admittcd equity and s matter of ebso~ure right to taid MORTGAGEE, and without reierence to tM edequacy w inadequaq of the v~lw of the properfy mwtgayed or to the sotvency or ~nso~~ency of sa~d MORTGAGOR a the defendann, and thet such renrs, profiri, tncans, issves and rev~nw• ~hall t» ~pplied by ~uch Receiver accord~ng to the tien o~ puity ot taid MORTGAGEE and the practice of auch l'ouA. 8. To dufy, promptly and fufly p~rfwm, diuharge, ex~cute, effect, complete, comply wlth and ebide by each end eve?y the stipulations, agrcementt, condiriom and covenams in uid promiswry not~ and thla martgsge set forth. ' 9. Ti?at i~ ti?~ event ths ownenhip of tM mortgaged premises, or any part thereof, becomcs vested in • person other than ths MORTGAGOR, tFN htORTGAGEE, ih wcceuon and assigns, may, without notice to the MORTGAOR, deat w;fh ~uch successor or successor in intere~t w~th ~eference to thi~ rrorigsye ~nd the debt hereby secured in th~ same manner at with Nbrtgagor w~thout in ~ny way vitiatiny or ~~uharginp rhe Morryapo.s' ~i~bility hera- ~ ~nder or upon the debt hereby secvrcd. No ~~le of the premise~ hereby mortgaped a~d no forbesrance on tF» part ot the MORTGAGEE or ita iuccessors c. nssigns and no extsnsion of the time fw ths payment of the debt he.eby secured given by the MORTGAGfE or itf ~ucces~ora w su~9nf, shall operaq ro reiease, d~xhsr9s, modify chanp~ or effect th~ originel Ii~b+Gty of the N1~RTGAGOR herein, either in whole w in part. 10. It i~ speufically a~retd th~t time is of ths essence of this contrect and thst no waivar of. eny obltgition hereunder a of tha obligation se- c~rrd hereby ~h~ll n any fime thereafter b~ held to be a waiver of the terms hereof o? of the inatrument secured he~by. I1. In sdd~tion to the foreyo:ng monfhty payments of princ'pal and interest required by the p~omiswry ~ore secured hereby, mo:tgagor covenants d agrees to pay to mortgegee with each momhly payment an add~r;onal sum esr~rrated by mortgagee to be eqvaf to 1,12 of the annual cost of the follow- A-All real property taxes levied or essessed agai~st the above described resl estare. 8-Premiums on fire and windstorm insurance as here~n requ~red to be canicd on the tmproveme~ts s~tuate on fhe ebove described premise~. C-Prcmiurrq on such mwlg~ge guarar,ry iniur~r,ce as mo~tgagse shall from t~me ro i~me deem fit to carry on tht loan secured hereby. ' Mlortg~gee shail from tims to time notify mortgagor in writ~n9 of the amount due and payable he+eunder and such sum shall thereupon be due snd c j~abie on ths due date of the next monthly payment and each successive month thereafrer unti{ mortgagee shall notify mortgago~ of a change in such ~ rovnt. $och ~ums ahall be applied by mort9apee toward the p~ym~nt of reai property uxes, insurance prem:ums, and mortgaye guaranty insura~ce •rmiuml. IN WITNESS WHEREOF, the ~aid MORTGAGOR has hereunto s~t his hand and seal the day and ye r fi~st aforesaid. s Sipneel, Se~t~d •nd dalivK~d in th~ prcNnce of: . , " • ~:a-r k ' fILE~ =h = y~ ?DED ~ ~ Hi s ~Seaq i ~ E' ST. iUCi" -~~'~~%Y f~~ Ro seve t Johnson ~ ~ . - ROv - US ~ (S.al) ~ ` C~EF K ' ~3T ;,CURT ~n t rF"t`~' ~"''`i Sadie O. .;~hnson - ! 5~.4TE OF fLOR10A ~A'~ ~ 2 37 PM ~ 1~ ' ~JUNNOF CL. Lucie ~ u' 1 f 3C~'~499 ; esfore me perwnauy,pp.,red Roosevelt Johnson ~ - Sddi O tOhnsnn hii wife, to me well known arsd known to me to b~ ~ rt,e ~~dividvals d~acrib~d f~ ~nd who executed ths for~poinp Irutrumsnt, and acknowfedp~d before ms that tMy executed the ~arrH fw tM purposet ; ° ,he,Q;~ •xp,.,sd. Md rl~ ~,id_-Sadie O, Johnson $ ' r.~+e ot rh. said Roosevelt Johnson upo.~. sep..ere •nd priv.r. ' ~ e~am~nation by me taksn ~epu~t~ and apart from her u~d husba:?d, ~tknowledfled to snd befors ms that ah~ axecut taid instrument freely artd volun- +a;;ly and without ~ny compulaion, constraint, ~ppreh~nsion, or ftar of or from h~r s~id husb~nd. 9 WITNE55 my hand ~nd oNiciel w+l thi? d~y of a p. 19 ~ ~ ~ - e i ~ ~ I~ G / Notery Pubtic in •nd for ths St ~of flor' at l~ry~ ~ ' My Commisiion ~apir~r. ' ~ Rervm Ta - ~ ~l ~ ' Fir~t f~dera) S~vinps a Losn A~wciation + F Of Farf P~erte. ~ fort Pierce, Florid~ ~ z i ._r. ~ . This Instrument Prepared ByJohn lv, Collins First Federal Savings d~ loan Association ' ~ ~ of Fort Pierce , Flor i da ~ . ' ~ _ ~5 ~ E Checked By r,~-- c~ " ' - ; ; ""~K ~.J P~iGF - ~ _ : s R ~ 744 ~ " : I ~ : ~ ; ~~~~~t!?1~~~~t~`'~ ~ i i i ~ ~ ~ ~ ' ~ _~..r..~~ _ ; ~ ~ _ .?r,. ~ . ~