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HomeMy WebLinkAbout2761 3. To piacs and continuously keep on the bu~:d~ngs now a hareafter ut~ate on said ~and and on ali equipment snd personal(y covered by thii mor~g- egs, with ~11 premiumi thereon pa~d in fuli, I~re in~urance ~n ~he uiual s~a~dard pol~cy lorm, io a sum approved by the MORiGAGEE, and winds~wm insursnce in the us~al ~~~ndard pot~cy Fo~~n, i~ a su~o approved by ths MORTGAGEE, in iuch company w companie~ as ~he htORTGAGEE may directj and •II firs snd winds+o~m insuranct policies on ~ny of said bu~Id~~ys, any interesl tF~erein w part thereol, in the sggregaee ~u~n ~foresa~d w in excess thereof, sha11 contain the us~al standard ma~gagee clause or such o~ha claufe as ~he Mo~~pagee may rcqu~rs, mal.iz,y ihe lou u~v sa~d po~F c~e~, each and every, payab!e to sa~d MORTGAGEE u ib in~eresl may appear, and each and eve~y tuch policy shall be prompt~y as~.g~ed :~d deGvcrrd ~o ~ny held by ssid MORiGAGEE a~ (urtAe~ secvrity fo sa~d mwtgage debt, and, not leu 1Mn ten (10) days in adva~xe oi the expirat~on of each pof~cy, ~o da live~ to said MORTGAGEE a re~xwal thereof, ~oge~her with a receipt fw the premium of such renewat; and ~he~e shall be no f~re o~ winds~orm insuranc~ placed on any of said bvi~dings, any inte~cst Ihere:~ or pert thereo(, unleu in the iorm and with the loss payable ai aiorcsaid; and in the event any tum of money becomes payabte u~de? such policy a policies uid MORIGAGEE shall have tM option ro rcceiva and apply the same on accouM oi the indebt~d- ~tiaiS sdcu~rd heraby p lo ~~~u(t s:id MORiGAvOAS to recoiva an3 usv il p eny Na~l ~}Kieu( iw uii~c~ ~,..~F.uscs. ~w~ii~wi t~.,r~'~~ ~r.v:.:.~3 ~r ....p,::r- ing any eqvity, I~en or right under or by vtrrw oi ~his mortgage; ~nd i~ the evenl ia~d MORTGAGORS shill fw any reason fail to keep the sa~d prem~sai sa ; insured, o~ fall to deliver promptly a~y of said policies of insu~ante to satd N50RTGAGEE, or fail promptly lo pay fully any pre~ni~m therefw w in a~y respect fail ~o palo?m, discharqe, execute, eifec~, complete, comply with and abide by th3s cove~ant, or eny part hereof, said MORTGAGEE may place and pay fw such insurence or any psrt 1Mrreof w~thout waiving w•(feclin~ any option, lien, eqvi~y, w right under a by vi~tue of this Ma~gage, a~d the 4~II a~nount of each and every such payment shall bo ~mmedistely due and payable and ihall bear interest from the date thereof un~il paid at the rate ol nine p~r tentum per annum and toge~her with suth inte~est shall be stcurcd by ihe lien o( this morfgage. 1. To pe~mit, tommit or s~ffer no waste, impairment w deterioration of said property or ~ny paA fhereof. S. To pay all and tiny~lar the costs, charges and expen~s, :ocluding s rcasonabk attw~ey i fee and msts of abstrscts oi title, ~ncurred w paid at any time by said MORTGAGEE, because w in the event of the fa~Iure on the pa~t of fhe taid MORTGAGOR to duly, promp~ly a~d fufly pertwm, d~scharge, execute, e(fec?, comptete, compty with and ab;de by each and every the stipulet~ons, agreements, caxlitions, and cove~ants of sa~d prom~sswy note .~nd ihis mortgage any w either, and said coan, chsrges and expenses, each and eve+y, shall be immediatety due and payabla; whe~her or not there bQ f101K2 da mand, attempt to collect a suit pending; s~d the fuU amount of each and every such payment shall bear interest from the datQ thereof until paid et the ` raie oi nine per centum per annum; arx: all said costs, charges and expenses inturred a paid, togethet w~th tuth interest, ahatl be secured .by the lien of thii ~ mortpage. 6. That (a) in the event af any breach of this Mwtgage o~ default on the part of the MORTGAGOR, ar (b) in the event any oi sa:d sums of money F herein ~eferred to be rwt prompfly and tul~y paid within th~rty (30) deys nea~ after the same severatly become due and payable, without demand w norice, ~ or (c) in the event each and every the stipulations, agreements, cond~tia~s and covcnants of u~d promisaory note and th~s mortgage any a either are not j ~uly, promptly and iully per(ormed, d~uharged, executed, effected, comp~eted, complied with and abided Sy, ther~ in either o~ any such event the sa~d ag ; gregate sum mcmaned in said promisswy note then remain~ng ~npa:d, with interast sccrued, and all moneys sccured hereby, shell become due and pay- 3 able farthwith, or tixreafter, at the opsion of said MORiGAGEE, as fully and comple?ely as if all of the said surns oi money were orlginally st~pulated ~ ro be pa~d on such day, anything in sa;d p~om;ssory note or in thEs Mortgage to ~he conrrary notwithsfanding; and ~hereupo~ w the~eafte~ at the op~~on o( ! said MORTGAGEE, without notKe or demand, suit at law or in equ~ty, therc~we or therraher begun, may be prosecuted as if ali moneys setured hereby nad matured pnor to ds institu~ion. ~ 7. That in the event that at the beginn;ng of w at any time pending any suil vpon this Mortgage, w to iweciose it, w to refo?m i1, o? to enfwce # payment of any claims he~eunde?, said MORTGAGEE shall apply ro ~he Cou.~ havinq jurisd~ction thereof fw the rppoiotment of s Receiver, such Court shall ~ Forthwith appoint a receiver of said mwtgaged property all and singular, includmg all and singutar the i+uome, profifs, issves +nd reve~ues irom whatever ~ source derived, each and every of wh~ch, it be~ng expressly underseood, is hereby mortgaged as if sFec~iically set fafh and described in tFx grant~ng and i,~i~endvm cisuses hereo(, arxi such Receiver shaii have aif ine broad and efiet~ive iuncs~ons and powers in anywise entr~sred by a Court to a Receive., a~d ~ s; ch appointment shall be made by such Court as an admitted cquity and a matter of absolute right to seid MORTGAGEE, and wi~hout re(erence to the edequaty or inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR w the defendants, and that s~ch { rems, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite of such t Courf. 8. To duty, p~omptty and fully perform, discharge, execute, effect, complete, comply w;th and abide by each and every the stiputations, agreements, :onditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premi:es, w any part thereof, becomes vested i~ a person other than the MORTGAGOR, the ! :•ORTGAGEE, its successors and assigns, may, without notice to the M.ORTGAOR, deal with such successor a successor i~ interesl with reference to this mortgage and the debt Aereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharg~ng the Mwtgagori liability hero- un~er w upon the debt hereby secured, ko sale of the premises hereby mortgaged and no fwbearante en the pa~t of ~he MORTGAGEE or its successors or assigns and r.a extens~on of the time for the pa~ment of the debt hereby secured given by ~he MORiGAGEE o~ its successws or assigns, ahall operate to release, d~xharge, modify change or affect Ihe original liabiiity of the MORiGAGOR herein, either in whole or in part. ~ 10. It is spec~ficaSly agrerd that time is of the essence of this contracf and that no waiver of any ob!igation hereunder or of ihe obtigation se- cvred hereby shall at any time thereafter be he:d to be a waiver of the terms hereof or oF the instrument secured he~by. s I1. In add.tio:+ to the fwego'ng mo+vhly payments oF princ pa~ and interest required by the promissory note secured hereby, morrgagor covenants ` and agrees to pay to mortgagee w~th each monthiy payraent an add~rional sum es~imated by mwtgagee to be equa~ to 1; 12 of the annual cost of the follow- ; ~n7: A-All real property taxes le.ied or auessed agaiost the above described rea! estate. B-Premiums on iire and windsrorm ins~rar,ce as herein reqv:red to be carried on the improvements sitvate on the above described premises. ; C-Premiun.s on such mortgage guaranty ir.surar,ce as mortgagee shafl from t~me to time deem fit to carry on the loan secured hereby. ' Mortgagee shall frum time to time netifp mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be due and ~ ~ :.ayable on the d~e date of the next monthly payment and each zuccessive momh thereafter until mo~tgagee shall notify mortgagor of a change in such ' aT.ount. Such sums shall be applied by mortgagee toward tFe paymant of real property taxes, insurance prem:ums, a~~d mortgage gua~anty insurance ~ ~ premiums. ~ IN WITNESS LYHEREOf, the sa~d MOR7GAGOR has hereunto set his hand and saal the day and year first afwesaid. ~ ~ Sgned, Sealed and detiver in the presence F F~• . •:~'u:ii~EO ~ ~ :ditness 51. ~.'3~:~ John A teo, J. ry ~ ~ - - - ~s cs~.n ~ i! • ~ i bB • SeaQ ttiitness ~~f~''' '1-C Lillian ~t. Atteo {Seaq ' § SiATE OF RCIRDAY,~~ ~ fiA~ ~i 9 38 ~I':' / ~ ~ ~ CCUNTY OF ~ ~ ~ ~ Before me personally appeared John A t t e o, Jr . a~ ~ ~ _ Lillian 1~1. Atteo his wife, to me well krwwn and known to me to 6e rhe individuafs desaibed in and who executed tF~e fwegang instrumeM, and ackrwwledged before me tF?at they e:ecuted tF~e sa~ne for the purposes ~ rherein expresxd. Md the sa~d Lillian F1. Atteo ~ ~ John Atteo Jr. ~ ~ N~fe of the said ~ upon a separate and priwte ( ~ e,aminat~on by me taken separate and apart from her said husband, acknowtedged ro and before me that she executed said instrumeM freely end volur?~ { ~ rar,ty and without eny compulsion, constraint, apprehens;on, or fear of w from her sa' and. ~ WITNESS my hand and official seal this T ~ day of a A. D. 19~- ~ - • ' otary ubiic in fw the State of Florida at large ~ ~ My Commiuion xpires: Retum To: ~ first Federa! Savings 8 loan Associat~on , f~ p' , i Of Forf P~erce. ;'y' J , ~ ~ Fort Pierce. Florida NOT/1RY UBH,CESGisUES ~ : ~t`, ~ tY No. 30-1436 Nsw York ~ s~~. ~ T~m lified in NassausC = . C. ~ : ~ . - . ~ Expir~s Mar~F 3 ounfy . : _ , . ; ~ Y 1977 1~ • t~ir: : ' This Instrument Prepared By Gary F. Ellwood ' ~ First Federal Savings & Loan Association .,~:f;~ ;'-'`.j~~ of Fort Pierce, Florida , ? ~ " ~ ~ . ~ ~ ~ ~ Checked By ~ 0 R ~ ~ aoaK~ ~~75~ ~ ~ ~ - ~t'Y ~ . _ - , 1,_ rw ` . . .