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HomeMy WebLinkAbout1350 , i } 3. To plac~ Md continuou~Iy ke~p oe~ ~hs b~i'd~ngs now a F+He~ftK utwb on iaid lu~d and on alt pvipmset u+d pKwnally wv~r~d by lhls monp~ ; p~ witl~ al) pr~enivm~ thercon paid in fulf, fire insur+nce in ~M uswl itard•rd policy fam, In • s~m app~ov~d by tM MORiGAGEE, ~nd wind~tpm ; iowru~c~ (n tM ~~wl sundard pof:cy form, i~ a tum ~pprov~d by ~M MORTGAGEE, in ~vch tompany or tompani„ ~s tM MOR~GAGEE m~r dlr~ctj u~d aU fu~ u~d winditorm iniurar~c~ pol~cies on any of uid bui~du+p~, any in~er~~t thsr~in w paH tM.wl, in 1M apyrpa~s w~n ++w~s+id w In ~xuss tMrwf, ~hall 'contain th~ usual uanda~d morr9aye~ cl~us~ w wch aFw~ cl•u~. a ~M M«~9.yN m~y ~p~rin. m+klnp th~ los~ unda ~+~d Pd4 ciq. each ~nd ~vKy. paYabk to s~id MORTGAGEE +s in imerert m~y ~ppeu. ~nd e~ch ~nd ~vay tuch policy ~hall b~ pranptly au:pn~d and d~liv~red M.~ i ` sr~y AeW by iaid MORIGAGEE ~i fur~her ~eturity ~o uid mortyay~ debL snd, ~+o~ ~~u ~Mn an (10) days in adwnc~ oi iM ~xpir~~ioo of fK~1 p0~~, ro dr ~ IivN ~o uid MORTGAGEE • r~newal thereof, ~ope~h~+ wirh ~ reca~p~ ta fhe pr~mium ot such r~walj and tMn sh~ll be no fin a wind~tain insw~e~a ~ pl~c+d on any of s~id buildinya, any interes~ there~n o~ put the.eof, ~nless i~ tM form and with th~ loss pay~bl~ as afa~saidr +~d in tM ~wnt ~~y swn ' of mor»y becoma payabte und~ such policy or polKiss wid MORTGAGEE shall haw the opt~oe~ to receive and ~ppty th~ sart~e on acooun~ of tt+~ ie+dsbt~ ~ n~ss s~tured h~reby w b permit said MORTGAGORS ro receiw ~nd use N p any part thereof tw other purposes. without thereb~ waivinq o~ ~mpain ! inp any puiry, li~n a riQht under a by virtw oi this mortyags; ~nd in tM ~vent said MORTGAGORS sMll fa ~ny r~ason fall to kHp the aid prKnises fo ` F imvred, a f~il ro d~livet promptly ~ny of said pol~cies of insurant~ to said MORTGAGEE, or fail promptly to pay fvlly sny prtmium thawfw a in ~ny , ` nspsct (ai~ W pNfwm, diuharge, execute, efFed, comptete, comply with and abide by thia covenanr, a any part Mreof, aid MORTGAGEE m~y pl~n and ~ paY iw such inwrance w+~y part tMreof w~thout waivinp w affactinp any option, lien. equity, or ripht unde~ a by virtw of tF?{t Mat~a~, and the i fvll amovnt of each and ev~ry iuch paymeit shall be ~mmedia~ely due and payabls and ~hall bear interast from tM dat~ ~hsrwf un~l! paid at the rat~ ol ni~ per te~lum pe~ annum and together with such interest shaU t~e secured by 1M lien of fhis motfy~y~. ' 1. To p~rmit, tommit w sufter no w~sh, impairment a deterioration oi iaid proptrty w any prtt th~?eof. ~ 5. To pay all snd siopular the cmn, cMrges ~~d expetnus, including ~ ~eason~bk ~ttansy i fee and cosn of ~bslr~Na of Htl~, tncumd o~ paid at ~ any tims by said MORTGAGEE, becauss w in ~he event of the f~~luro on the pa?t of ~M said NIORTGAGOR w duly, promptly a~d ivlly paform, distha~ t •xecute, effec~, complete, comply w~~h and eb:de by euh and every the stipuletions, ~g~eeme~ts, conditio~a. ud oownants of Nid p~omifwry not~ ~nd ~hi~ ~ matyapt ~ny o~ eithe?, and said costs, cMr~es and expenses. e+ch and wery. ~MII bt immediately due ~nd payabl~: whethK or not there b~ notite dr mand, attempt to coI1M w iuit pend~ng~ and the fult amou~t of each and every svch paymeM ~l+sll bea~ interest from th~ dat~ ttKreof w+til paid d the rate of nins per centum per an+~um; aod all said cases, chugas and expenses Inturred or paid, tog~ther with suth inta~st, aMll b~ NCUred by the IiN? of this ~,o.ro.~.• 6. That in the event of any breach of thu Nbrtgags or default on the paA of the MORTGAGQR, w(b) in ths ~vent ~e?y of s~id sureu of rtw~ty herein referr~d to bs not promptly and fully paid wi~hin thirty (30) days next af~er the sams severally become due and p~yibl~. wilho~l demand or ~otice, w W In tM event ~sch and every the sGpulaioos, s9reemsms, cond~tions snd cov~n~nts of s~id promiuory ~ot~ and th~s matpsp~ any p ~ither art no1 ~uN. promp?ly and fully pa~famed. d~uharged. executed. effected. compl~ted, compl~ed wi~A and ~bidcd by, thN+ in sither w any wch w~M tM wid a~ yregate svm me~Yqned i~ said promisswy note then remaini~ unpaid, with interest eccrued, and all moneys secured hereby, ~Mil beC~ome du~ and p~y~ sble fwthwith, or thereafter, at the optlon of said MORTGAGEE, as futly a~ completely as if •11 of the said sums of monty were wpinally stip~l~ted to be paid on such day, anything in sa;d promisswy note or in this Matgagc to the contrary norwithstsnding; and thereupon w thereafter al ti+~ option of faid MORiGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecutad as if dl rr~oeeys sscur~d hsrtby Md matvred pr~or to its i+utitution. , 7. ihat i~ the event that at the beginn~ng of or at any time pending sny suif upon ~his Mortgag~, or fo faetlwt it, a~ to rofwm it, or to enfwa p~yment of any claims hereu~xler, said N40RTGAGEE shall apply to the ~ouN having jurisd~ction thereof for the sppointrnant of ~ Reteiver, such Court sMll iorthwith ~ppoirtt a ieceive~ of said morlgaged property all and singul~r, includ~~g at1 snd aingula? li~e income, profib, iuues and nvenues from whatevtr sourte derived, each and every of whith, l being expressty understood, is he~eby mor+gaged as if specifitally set fpth snd deWib~d in tFN ~rsntinp and habendum clauses hereof, a++d such Receiver shall have sll the broad and effective funct~ons a~d powers in anywiss entnnted by ~ Courl to ~ Receive~, ~nd such appointment ahall bc made by such Court a~ an admitted equity and e matter of absolute rght to said MORTGAGEE, snd without r~f~renca to the adequacy o~ inadeq~xy of the wlue of the property mo.tgaged w to the sowcncy o~ ~nsolvency of said MORTCaAGOR a tM dsfe~nts, and that such renta, profits, incane, iuues and rlvcnues shall be appiied by such Receiver accord~~ to Ihe lien or equity of said MORTGAGEE ~nd th~ p~actiu of suth Court. 8. To duly, promptty and fulty perfwm, discharge, execute, effect, mmplete, comply with snd abide by each and wety tM stipulationa, ~reemenb, conditans and covenanp in said promissory note and this mortgage set fwlh. 9. That in the event the ownershtp of the mortgsged premixs, w any parf thereof, becomes vested in a penon othtr than the MORTGAGOR, tFr MORTGAGEE, its successws and assigns, may, w~ehaut no~ice to the MORTGAOR, dcal with such successw w successor in intereit with reference to thp mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiatiny or diuharginp the Morf~a~ors' liabilify here- under a upon the debt hereby secured. No sate of the premises hereby mortgaged and no fwbearance o~ the pan of tM MORTGAGEE or ib suaesson a sssgns and no extension of the time fo~ the payment of the debf hereby secured given by the MORTGAGEE w iti tvttessps or sssiyns, shall operat~ to release, dsxharge; modify thenge or affect the c+rg~~al liab~l~ty of the NIORTGAGOR herein, either in whok or in psrt. 10_ N is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation Mrevndet or of ths oblipaYan ta- tured htreby shall at any time the?eafter 6e hetd ro be a waiver of the terms hcreof w of the instrument secured herby. 1 L In add~tion to the forego:ng monthly payments of princ'pai and i~terest required by the p?om~ssory nore secured hereby, mortg~gor coven~nts and agrees to pay to mo~tgagee with each monthly payrnent an add~rionaf sum esrimated by mortgsgte to be eq~a1 to 1/12 of the annual cost of the follow- ing: A-AU real property taxes levied oi assessed agai~st thc above described real es~ate. B-Premiuma on lire and windstorm ins~~rar.ce as herein requ~red to be carried on the improveme~tf sitvate on the sbove dtscribed premises. C-Premiums on such mortgage guaranty ir.surar~ce as mo~tgagee shat! from time to time deem fit to carry on the bsn setured hereby. Mortgagee shail from time to t~me notify mortgagor in writ~ng of the amo~nt due and payable hereunder snd suth tum shsl) thereupon be due and psyable on the due date of the next monthly payment end each successive month thereafter urtil matgagee sha~l notify morfyapw of a dunge in wth amoum. $uch sums sha:l be applied by mortgagee toward the payrrKnt of real property taxes, insurante prem:wns, and mottgaye yuaraety inWwnce !i p?emiums. ~ ITl WITNFSS WHEREOF, the saed MORTGAGOR has hereumo set his hand end seal the day ~nd ye first afor id. Signed. Seskd and deliver in the p?esence of: • ~ ~ an eth ,R, ew ~ n ~ _ ~ ~ STATE OF FLORIDA 1 ~ $L . Luc ie j Befote me penonally appeared Kenne th R, pzew Eve 1 vn L_ DZe W his wife, to me well known and known ro me to bs the individuals described in ~nd wFw executed the foregoing ir+strumeM, and acknowledged before me that they e:etuted the wrrw fw the purpos~s therein expressed. And rhe sai Evel n L DZew wila of tF~a w~d ICerilleth R, rew ~ pon a seps.ue .nd priv.» examination by me taken separate a~d apart from said husband, sckrawledged to and befwe me that she executed aid instrumeot freely ~nd voluo- larily and without any compulsion, tonstraint, appr i, or feu of w from her ssid husband. WITNESS my Mnd and offic~al seal thi day A. , 14 75 . - ftlEO ANC RECuRQE~ Nw~ry Public in and f Stat fbrida lup~ ~ :t. LUCiC COUt1TY rl.~ My C~mission e:pires: aerur~ To: ROCf R PG1TtZA5 CLE'~~. Cfi:GU1t COU pL.~~ Fint Federsl Savings 3 loan Ass~ciatior~E~;.a1 YEal~IEO • Of furt P~erce. 0 Fort Pierce. Flwida ~ ~ ~ O~ D~! ~ r n . ti ~ v ' ~ . 31.4~.38 J` . :~~::•hor This Instrument Prepared By John ~V. Collins ; 'Qf'~.. : First Federal Savings 8 Loan Association 4~~ : r: of Fort Pierce , Florida . ~;:I~~ Checked By ~ ~ o~,~~ 1 G., i~`: '~i. '~~•~i : A . F Z4~ ~ 13~3 , ~ r E0~'K ~ . , w ;.4",~ Y s%~--r ~ _ r - - . _ _ . _ . ' . _ . _ . . . . . . _ _ Y ~ Y , , ~s,, - _ ~ ~ 3 _ -:.~s~, -