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HomeMy WebLinkAbout0070 3. To pfaca a~ul con~inuousty keep on the buitdings novr w herea(tee ~ituate o~ ta~d land a~d on ~Il equipme~t ~nd pe+so~+11y covered by this matg~ ~ge. wilh dl premiumi the~con pa~d in full, fire insu~ance in tt?s usual itandard policy fam. in ~ tum approved by 1M MORfGAGEE, end winditwm ie~v~ance in tt+s usw! s~andard pohcy 1am, in a ium approved by tM AII0RTG11GEE, u+ such compu~y or comp+niei as fhs MORTGAGEE may . direct; ~nd all fir~ ~nd w~nd~to~m inturanoe policies on any of said buitdinp~, any tnl~reN thereir+ or part thereo(, in tM agg~epate sum afaeaid w in ezcess thereoi, shafl contaio ?hs uswl ua~ulard mortga9e~ clause w such o~tro~• <lavu as th~ Mo~tpagee may requue, maAinp ~he lou under ~a~d po1F cies, e+ch and evKy, payable to said A10RTGAGEE ai ~~s i~~eres~ may appear. and each a~+d every s~rch poticY ~h+~~ ~ Pra^'P~~Y a?s g~ed a~d delive~ed to •ny F~eld by u~d MORTGAGEE as fur~her iecvrity ~o said mortgsge debt, and, no~ leu ~han te~ (10) days in adva~xe of the exp~rat~o~ of e+ch polrcy, to da I~vN to said MORiGAGEE a reaew~l the~eof, to~etfier with ~ rece~pt fw the prtmium oi svch renewal; and ~here shall be no P~re or windsrorm insurance placsd on any of said b~rildinys, ~ny intcrest the~~~n ot pirt thereof, u~less in the (am •nd with Ihe Iou payable as aforesaid; and in the event any wm of money becanes payabfe unde~ such policy o~ pol~~as isid MORTGAGEE ihall lu~ve ~he opt~on to receive and apply the unx on +ccoun~ of ~he indebted~ ; ~eu setured hsreby o~ ro pe~mil isid MORTGAGORS Io rKeive and use it p any part thereof for other purposes, v~+thout ~hartor waiving or ~~npe~~• i ing ar?y equity, lien a right under w by virtw of thii mortya~e; u~d in ~he event iaid MORTGAGORS shall (or any reason fsil to keep the said Wemisas so ~ insured, w fail ro deliva promptly a~y oi sa~d pu~ic~ea of i~surance to said MORTGAGEE, or fail promptly to pay iufty any premium therefa or in any respect (ait to patorm, discharge, eaecuta, e(fect, complete, comp~y wi~h and abide by this tove~+ant. or +ny par~ hereof, said MORIGAGEE may place and • ~ pay for such insurance or sny part thereof witfioul waiving w afiecting any option. Ikn, equity, o~ right unde~ a by vi~tue of this Mo~~gafle, and the full amount of each a~d avery such paymenl shall be immediately dw•ar+d payabls and thall bear interest trom the date thereof u~til paid at the ra~e ol nine per centum per annum and togethe~ with futh intaest shall be secured by the litn of this mwigsge• ~ 1. To pamit, comn+it or sufFer no waste, impairment or deterioration of said property a any psrt thereof. 5. To pay all and singular ths coats, charge~ snd expenses, including a reaso~abte attomey's fee snd costs ot abstracri of tille, incurred or paid at any time by wid MORTGAGEE, becauss w in the event of the failure on ~he part of tF?e said MORTGAGOR to duly, p~omptly and fully pcrfum, discharge. ezecute, effect, complete, comply w~th and ab:de by each and every the itipvlations, sgreemenp, conditions, and cove~ants of said promiswry note and thi~ ~ matgape any or either, and said costs, chsrgq end expenses. each and evNy. sMll be immediately dve and payable; w!?ether or not there be no+~ce da ~ mand, attempt ro tollcci w suit pe~ding; and the full amovnt of eath and every such payment shall bear interest frwn the dste thereof until paid at tht rate of nine per centum pet a~num; aod all said costs, charges and exp~oses incurred or paid, together w~th such imeresl, shati be secured by the lien of th]t ~ rtwrtpaye. b. Tha1 (a) in the event of any bresch of this Matgaye or default on the pa?t of the MORTGAGOR, a(b) in the evem ~ny of sa+d sums of money ~ herein referred to be not prompllY and tutly paid wiihin ~hiny (30) days next after ~he same severalty become due snd payablt, withoul demand o? nutica ~ or (c) in the event each and every the stipulations, sgreementt, conditions and covenants of sa~d prom~uory note and thls mortgage anY o? either are no1 ~ ~uly, promp~ly and fully pertwmed, d~scharged, exec~ted, effected, completed, complied with and ab~ded by, then in either w a~y such evem the said ag ~ gregate sum mentioned in said promissory note then rema~ning unpa~d, with interest xuued, and all moneys secu~ed hereby, shaN become due and pay- q ab!e for~hwith, w thereafter, at ~he option of said MOR7GAGEE, as fuliy and comple~ely as if all of the wid wms of money were aginally stipulated 5 ro be pnid on such day, a~ything in sa:d promissory note w in thia Matgage to ~tx con?rary notwi?hstanding; arxf thereupon or thereafte~ at the opt~on of ; sa;d MORTGACaEE, without notice or demand, suit at law or io equity, therefore w thereafter begvr4 may be prosecuted as if all moneys setured ht~eby ~ had mature<i pnor lo ~1s inititutiOn. 7. Tl~at in the erent that at ti?e beyinning of w at a~y time pend~ng any suit upon this Mortgage, w to foreclose it, w to reform it, a to enfwce paymeM of any tlaims he~eunder, said MORTGAGEE shall apply to the Cou~t haviixJ jurisd~c~ion thereof fw ~he appointment of a Receive~, suth Cour1 ahall forthwi?h appoint a receiver of aaid mo~tgaged property a[I and singular, intlud~ng all and singula~ the income, pro(its, iss~res and reve~ues froin whatever ; sovrce derived, each and e~ery of which, it being expresslY unden~ood, is hereby mortgaged as if spec+fically set torth and dtw~bed in ~he praMing and i habendum clauses hereof, and such Rcceiver shall have atl the broad and effective luncnons and powers in anyw~se entrusted by a Cou~t to a Receiver, and ~ s~ch appoirttmem shall be made by svch Court as an admitted eqvi~y arxf a matter of absolute right to said MORTGAGEE, and without reference to the ~ edequacy d inadeGuacy of the value of ehe prope~ty mortgagrd or to the soivency o? insolvency of uid MORiGAGOR a the defendants, and that such ; rems, profits, income, iuues and revcnues shall be applied by such Receive~ accwding to the lien w equity of said MORTGAGEE and the pracrice of such ; Courf. " ' ' i 8_ To duly, pranptly and f~lly perform, discharge, execute, eifect, complete, comply with and abide by each and every the stiputatio~s, agreements, ~ conditiora and covenanrs in sa~d promissory note and this mortgage set forth. ~ 9. Tfiat in the eveM the owne+sh7p of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the . N!ORTGAGEE, its successors and auigns, may, without norice to the MORTGAOR, deal vvith such successor or successor in ~nterest with reierence to thia ~ mo~rgage and the debt hereby secured in the same manner as with AAortgagor without in any way vi?iating or dixha~ging the Mortgagors' liabitity hert t under or upw~ the de6t hereby secured. No sale oE the prem+ses fiereby mortgaged and no fwbearance on 1he pan of the MORIGAGEE or its successort or assigns and no exte~s~on of the time for the payment of the debr hereby ucured given by the MORTGAGEE or its successus w ass;gns, aiwll operate to releax, d~scharge, modify thange w affect the original liability of the MORTGAGOR he~ei~, either in whob w in part. 1Q_ It is spec~fically agreed that time is oi tfie essence of tfiis cw~tract and that no waiver of any obligaNon hereunder or of the obligation st ~ cured hereby shall at any time fhereafrer be hetd to be a waiver of the terms Aereot a of the instrument secured herby_ t 11. In add;uon to the forego'rx~ monthly paym~nts of princ'pa! and interest required by the promiswry nole secured hereby, mortgagor covenanis ~ a~d agrees to pay ~o mortgagee wiih eacfi monrhiy payment an add~~ional sum est~mated by mortgagee to be equal to 1/12 oI the annua) tost of the follow- i~~: A-All real property taxrs levied or assessed agaenst thc above descri?~ed rea! estate. B-Premiu~ns on fire and windstorm ~nsurance as herein requ~red to be carried on the imp~oveme~ts sit~ate on the above described premises. C-Prem~~ms on sucfi mortgage guaranty insurar.ce as morrgagee shall irom t:me to time deem fit ro carry on ehe loan secu~ed hereby. ± Mortgagee sha11 f~om time to tima notify morfgagor in writing of the amou~t due and payabte hereu~drr and such wm shafl tfiereupon be due and ;.3yable on the due date of the next mo.~th:y payment and each successive monfh thereafter urfil mortgagee shall »ot;fy mortgagor of a change in such a.nount. Such sums sF.ail be app:ied by mo~tgagee toward ihe payment of real property laxes, insurance prem:um~, and mwtgage guNanty insurance promiums. ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seaf the day and Year ~irs sfwesaid_ ~ Signed, fed and defivered in the presence of: ~ C a~ - William k'id2an a Willi~}„n~~ k - - • Turne ah ~ (Sea{3 Mildred Widlan a/k/a Mildred f~ sTATE oF F~oa~~ Turner ~ ~ ~ COUNIY OF St . LUC1 1 ! Befwe me personally appeared ~'~lliam Widlan ~/k/a kfilliam ?urner Mildred ~~idlan q~k/a Mildred Turner - ti;, W;f~, to me well known and known to me fo be ~ rhe individuals dsscribed in and who execvted the foregoing insirument, and adcnowledged beforo me that they executed the same fw the purposes ~ therein expresud. And the said. Mi dr rl k'iAlan Mi AroA Tnrnar _ ,'v;fe of the sa~d W 1111 aID W i dl an 4/k/a W i 21 i a m T ur ne z upon a separats and p~ivate } exa~inatwn by me taken separate and apari kom her said husba~d, acknowledged to and before me that she executed said instrument freely and volurr E rarify and w+thout any compulsan, constraint, apprehcnsion, w fear of w fran her said busband. ~ WITNE55 my hand and official seal this lath day of - 0. D. 14-Z~1 ~ r t ` F~~E~ 4MD H£CUR ary Public in a for State of Fbrida at larye ' ` ST. ~(j~~c C'JlINTY ~ Commluion ea res: . Retum To: ROCE~ Pa~tRA$ CtERK i.itiCUlt C NoFary Pvbfic, Stote of Florida ol To~ First Fedenl Savings 3 loan Associat~on REr r~ • OURT - ~R- ~f a"jED (Ay Cemm~:s+o~ Expires :vty 22, 1977 Oi Fort P[erce. ' . ' Fort P~erce, florida t~~ ~ ' Bond_d U~ ~+~e::e^n f:r~ ~ Casuaty Go. ; 3o PH r5 . ~ ~ ~31~C~ ~ `j„s This Instrument Prepared By John W. Collins - ~ ~ ~ ~ ~ v ~ First Federal Savings 8~ Loan Association - v _ ` of Fort Pierce , Rlor ida ~ _ ~ ; _ _ ; Checked By~ O~-=' ~ i i ~ Q s~ ~ c ~ - ; ` 800K ~~T~ fA~ ~ ' ~ ; • . sh _ ^ _ _ _ r ` ~ ~ ~ ` ~ - ~ fi~ x . _x.