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HomeMy WebLinkAbout1039 ; J. To plac~ •nd conGnuously ke~p on ~he bu~'d~ng~ ~ow w hereaha ~ituat~ oo said I~nd and on all eqvipmenl and pNw~?ally towr~d by Ihis mor1~ pe, wiih ~II pr~miums tM~eo~ pa~d in lull, f~~s in~ura~ce in the usuat standerd poticy fam, in ~ ium appiovsd by th~ MORiGAGEE, and windstwm ieuur~nct in the usud ~tands~d pol~ty (wm, in a sum approv~d by ~he N~ORTGAGEE, in such :ompany w campanies +s tM MORTGAGEE m~y d'u~c~j and all fi~~ and w]ndatorm ~nsurante polK~ei on ~ny of iaid buildmyi. ~ny interest tM~~in w put the~~ol, 1n tM apprepat~ wm aforeuid w lo ~xcesf Ihe~wf, ~MII contain tM utwl sta~~da~d mortgsyN clause w such otht~ tiauw as IM MorlyayN may reqwr~. ma?;rp th~ lo~s unda ~a~d pol} cis~. esch u+d ~very. payabl~ ro iaid MORTGAGEE at ~ts interett may appear, ~nd each and evay iuch policy ~hall b~ promptly ~u.qntd a~d detive~ed to ~ny held by ta~d MORiGAGEE as furthe~ seturity to sa~d n~ortpage dabt, and, no~ leu Ihan ten (10) days in advsnce of 1M ~xpirNia? ol each policy, to da livt~ ro ~aid MORTGAGEE a renewal Ihereof, to9e~he~ with a ~ece~pl fw 1he p?emium oi such re~ew~lt and ~h~n shall b~ no fir~ or windsto~m iosuwnc~ plaad on ~~y of ia~d build~ngs, any intcrest therem or pa~t thereof, vnless in ~M form and with tht lou payabl~ ~t ~fat~aidt a~+d in tM ~VffH ally tUT of nan~y beconies payable unde~ such poliq u pola~es ssid MORTGAGEE shall have ~hs opt~on ro receive arxl ~pply the san+~ on +ccou~l ol ti~e ir?debted- neu ~ecu~ed hkeby o? ro pe~mil ~sid MORiGAGORS to reteivs and us~ it w any part theraof Iw othcr purposes, without thareb~ w.~ivi~y o~ unpair- iny any equity, I~cn or ~ight under or by virtue of thia mo:syage; and in ~he evem ~a~d MORTGAGORS ihall fa ae~y reason (~il to keep tM sa~d pr~mises so insured, or fail lo deliver promptly ~ny of iaid pol~cies o( insuruue to sa~d MORTGAGEE, w.fail prompNy to pay fully ~ny premium Iherefw w in a~y r~spect fail b per(an+, distharge, eaecute, effcct, complete, canply with and abide by this covenanl, a any parl hsreoi, said MORTGAGEE may plact •nd pay~ fo~ such in~urante or any part the~eof withovl waivin9 w•ffectinp a~y option, lien, puity, o~ right unde~ w by virtw of this Mort~aps, and the tutl amounl ot eath and every such payment shalt be immediately due and payabla and thall bear intereat from 1FN date thereof u~ti) paid st the rat~ ot ni~e per te~tum per annum and to~rther with such intereat shall be secured by the lien of th~s morf~sqe. 1. To permit, tommit w suf(er no wasta, impairmenl ot deterioration of said prope?ty or a~y psrt lhereof. S. To pay all snd singuta~ the costs, chargea and expenses, includi~g s roasonabk sttwney i fee ar,d cous of ~bitracts of titls, incurred a p+id ~t eny tims by ~aid MORTGAGfE, because a in the event of the failure or? the pan of 1ht uid MORTGAGOR to du~y, promptly ~nd fully pt?fam, d~stharg~, execut~, effsct, complete, comply w~th and ab:de by each and every ~he s~ipulations, agreements, conditions, ~nd cownants of ieid promiuory nots and this mortyaye any w ei~lxr, and sa~d costs, charges snd eapensra, each and every, shall t» immediatety dw and payeble; whe?Mr p not ther~ be notice ds ~ m~nd, attempt to cotlect a suit pend~ng; and the fvtl amount of esch ~nd every such payment ~hall be+r interesl from tM date thereof vntil paid at tF+~ s rate of nine pe~ cenivm per an~ium; and ail said cosr:, charges and expenses incwred a paid, together wah ivch int~~est, shall b~ setu~ed by the lisn of fhif martyaps. 6. That (a) in the event of any b?each of thi~ Nbrtgage o? defautt on the pa?t of the MORTGAGOR, or (b) ln 1M ~va+t aey of said tvm~ of mone~F herein refe~red to be not promptly and (u11y paid within thuty (34) daya next after the same severally betonx dve and pay~ble, without demand a notice. or in the ~vem each and every ths slipulations, agreements, conditions s~d covenams of ta~d promisswy note ~nd this mwtppe any o~ eithe~ ~~e not ~~ly. promptiy snd fully performed. discharged, executed, effected. completed, complied with ~nd ab~ded by. then in either a ~ny iuch ~wM IFN said a¢ yrepat~ wm mentioned in said p~omi:sory note then remaining unpaid, with int~r~s~ accrued, and all aaneys aecvrad her~by, sMll b~corr» dw and pay~ eble fathwith, a the~eafter, at the opt~on of said MORTGAGEE, as fufly ard complerely as if sll o( the said s~ms of money were ori~ir?a~ly ~lipulatcd to be paed on such day, anything in sa.d promissay note or in this Mwtgage to the contrary notwith~tanding; and )hereupon or thereafte~ at the option of said MORTGAGEf, without notica or demand, a~~t at law w in equity, therefore w thereaiter begu~, may be prosetvted u if all moneys setured hereby had matured pnor to its institutio~. 7. That in the event that at the beginning of or at any time pending any suit upon thii Mortgage, a to foreclose it, w to reform it, or to enforcs paymcnt of ~ny claims hereunder, said MORTGAGEE shal! apply to the Courl having ~urisdiction thereof fw the sppointment of a Receiver, suth Covrt shall forthwith appoinf s rece~ver of said matqaged property alf end sing~Iar, includ~ng all and s~ngular the intoms, profits, iuws a~ revenuea from whatave~ source derived, each and every of wh~ch, it being expreuly unders~ood, is hereby mortgaged as ii speci(ically sN forth ~nd dew~bed in the yrantinp and habendum clsuses hereoi, a~d such Receiver sha~i have all the brwd and effective funct~ons and powers in anywise entrusted by a Court to s Receiver, •nd s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to iaid MORTGAGEE. and without refererxe to the edequacy a inadequacy of the vatue of the p~operty mutga9ed or to the sotvency w+nwlve~cy of said AWRTGAGOR a~he defendann, and thaf such rents, profiri, income, iuvea and revertues shall be appi~rd by such Receiver accord~ng to the iien or eqvity of said MORTGAGEE and the practict of such Court. 8. To duly, p~omptly and fully perform, d~icharge, exccute, effect, complete, comply wi~h a~d sbide by each and every the stipulations, s~reemenri, .onditiom uid tovenants in sa~d promissory note and this mortgage set fwlh. 9. Thal in the event the ownership of the morlgaged premises, w any part thereof, becomes vested in • perwn other fhse? the JVIORTGAGOR, fM h10RTGAGFE, itt successora and assigns, may, without no~~ce to the MORTGAOR, deal with such successw w succeisor in inte~est with reiererue to thia mortgage ar~d ehe debt hereby secured in rhe same manner as w~th Mortgago. w~thout in any way vitiitiny w d~xMrg~ng ths Mortgagor~' liability hera- under w upon the debt hereby secured. ~do sale of the premises hereby mo~tgagcd and no forbearante on the part of the MORTGAGEE a itt successon or assigns and no extension of the time fo. the paymene of the debt hereby sccured given by the MORTGAGEE or itt sucttsaors a ~uiyos, ?1~11 operate to release, d~scharge, modify change or affect the orig~nal liabitity of .the AM1ORTGAGOR herein, either ir? whok o~ in part. 10. It is spec~fically agreed that time is of the essence of Ihis controd and that no wsiver of sny oble9~tion hereunder or of the obliyation se- cured hereby shsll at any time the~eafter be held to be a waiver of the terms htreo} w of the instrumant utured herby. I1. In add~tion to the forega:ng month!y payments of princ'pal and interest required by the prom~saory ~ete sccu~ed Fereby, morigagor tovtn~nfs and agrxs to pay to mortgagee with eacfi monthiy payr,~ent an add~~ional sum estimated by mortgagee to be equal to 1 f 12 of the snnual cos+ of tl~e follow- ing: A-All real property taxes levied or assessed agal~st the above described r_al estate. B-Premiu~ns on fire and windsto~m insurance as here~n requ~red to be ca«ied on the imProvements situate on the +bove desvibed premises_ C-Premiums on such mortgage gvaranty insurar.ce as n,ortgagee shail from. t:me to time deem fit to carry on the loan setured hereby. IVlortgagee shal! from t~me to t~me nof~fy mo~tgagor in w~ft~ng of the amou~t due and payabte Fereunder and such sum shall therevpon be due and ~ayable on the due date of the ~ext mor:th:y paymens and each successive month thereaiter ur.til mortgsgee thall notify mortgagor of a change in such , amount. Such sums sha~l be appiied by mortgagee towara the paymeM of real property taxes, insurance prem:umt, and mortgaye guarsnty inwrance ~ p.emivmf. IN YJITNESS WHEREOF, the sa~d MORTGAGOR has hereunro xt his hand and seal the day snd year first ~foressid. i ~ Sgned. Seale snd deliv d i~ the We ~l-/ , ~-~/.I~iJ9./.~ -'JvK L~~ ~ C ~ l~i.t_ (c.a~ ~ ~ ess Ann'e M Wi lar~ ~ ~ . 7f- ~ -c ~.IZ~-~-..-. _ ;r ~ p.. = rc.,q E t~'itness William Widlan ! STATE OF FLORIDA ~ S5. COUNTY Of Before me perwnally appeared ~llld~l Widlan Anni~ M~_ 41'1~]1dI1 his wife, to me well known and known to me to bs the individwls described in and who executed the forefloiny ir.strument, and ~tknowledged before me thae they executed the ssrt?e for the purposes r~«~~ ex~?ess~d. a,d rt~e .a~dAnnie M.. Widlan ~ wifs of the said Wllllclm Widlan , ~pon a sep~rate aod priv+t~ ' rxam+naYwn by me taken separate and apart from her said husband, +cknowledged to snd before me that shs executed aid initrument f?eafy ~nd voluer ~ rarify and vsithout any compuision, constraint, appre ensi n, w fear of w from F~er said husbsnd. . WITNESS my hsnd and offitisi seal thia day of A. 19_Z.~ y . ~ ~ : ~ , . y ~ 51~LUC1 ~O~11l~Ar~l~+blic in ~nd or the t~ of F at l~rpe ~ - - ROCfr. rOM?it/f~mmiuion ~apires: x Retum to: C! £Ff :~J~T CJURT Firtt Feder~l Savi s 3 loan As~ociat',on ?F!'~%' =1= ' ~ l ~ Of ot P;erce. ~ / Fort Pierce, Florida ' ~ Auc I 3 is PM'75 . .,~"s"~;: ' ~ ~ ~~~`1i • ~t,~'~/~. 31~933 ~ G' ~ ~~~o-car~Y"~ ~ _ ~ This Instrument Prepared By John W. Collins ~ ~ First Federal Savings & loan Association : ' - "O ~ _ ~ of Fort Pierce, Florida : p ~ g ~ ; ~ . ~ ~-y~ Checked By I~- , . - ~ ~ lJ.l. ~ ~ - p R . ~ $a~ ~~a~o . . ~ . . ' . . . . - - 4 ~tx-c.':'~ . ~ . S' ~ +r4"~ ' -6 ~ .~i .-~a'~ ` _ F ~~y~`~'^' ~ ' 'r".v.-.t ~ _ . - .i-. ..._2.~.. . 1~~ . . . .