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HomeMy WebLinkAbout0050 3. To piace and continuou~ly k~ep on 1Fx bu~'dmy ~ow w heroef~er srtuats on sa~d Isnd uid on all eqvipnent end persauRy tove~ed by lbis ma1~ ags, with all prtmivmt thereon pa~d 'en fuil, (iro i~suranca in th~ u~ual s~and~rd po:icy fo~m, in a~um approved by Ihe MORIGAGEE, ~nd windstorm ~ni~xu~c~ ~n tM u~ual sunda~d policy fam, in a sum ~pproved by tM MORTGAGEE, in iucM~ canpany cr companies ~s tl+~ MORTGAGEE may di~ecl~ and ~11 i'u~ and windatorm inwranc~ policiei on any of iaid kwiid~nos, any inlere~t Ihe~ein o~ pa~l Ihereo(, in the aq9rc-~ate ~um afweuid o~ , in excau therwf, ~hall co~~ain tha uw~l sta~idard mor~flagse dwse o~ wch otFar tl~use ~i tM Mat9~ge~ may reqwn, m+t~np ~M lois unda sa~d poli~ . c~ei, e+ch arxl every, payab~s Io uid MORIGAGEE as its io~ar.-st rnay appcar, end each and e~cry sucA policy shatl.be promptlV ~~s.9^sd and de~wered Io ~ eny held by uid MORTGAGI~E ~s fu~rher iecu~ity to ~aiJ mortpsye debt, and, no~ leu than te~ (10) days in advance of the expirat~on of each pol~cy, to d~- Irver ro said MORTGAGFE • renewal the.eoi, to9e~her vii~h a reteipl fa the premium of-such renewa?; and ther~ ihall b~ no firo w*i~dstam insurant~ pleced on ~ey of s~id buildinps. ~ny Inte~est therein w part ~hercof, unieas ~n the ~orm a~d with the tos~ payable ai aiweiaid; and 'o the e+e~t any sum of nwney becon:ea psysbte undN tuch poticy w policies said MORIGAGEE ~hall have the op~wn to reteiw a~d apply the same on accounl o( the indebted- ness iewr~d htreby w lo permil said MORTGAGOitS to r~ceive and use it o~ any part the:eof. for othe~ pw~~osef, w+thout .th~•eu/ .:a+~i~~g or anpair- ing a~y equity, lien w right under a by virtue of ~his morlyayc; and i~ 1he event wid MORiGAGORS shall to~ any reason fail to keep the sa~d prernises so , insu~ed, or fsil ro deliver promplly any of said pol~ties o( insurance to said MORTGAGEE, a fail promptly fo pay fully any premium therelw w(n any respect fail ~o perfwm, d~scharge, execute, elfect, completr, comply with and abide 6y this covenant, or ~ny part hereof, said MORTGAGEE may place a~+d pay fa such insuranco w any parf thereof without waivii.g a affecti~g any op~~on, lien, equ~ty, or ~igM unda or by virtue of th7i Mwtgage, ~nd tht futl amounf of each and every such paynxnt ahall be immediately due and payabla and shall bear interes~ trom the dals thereo) vntil paid at the rate ol n~re per ceMUm per annum and to~Nher N•Ith suth interrst shaSl i~e secured by Ihe lien o( lhit malgage. t. To permit, commit w ~u(fer no waste, in~pairment w deterio~et;on of sa:d property or a~y part the~eof. 5. io psy all and singular 1he costs, charge~ and expensa~, includirg ~ reasonable attprney ~ fee and costt of abstrads of title, iocurred q paid a1 ,ny fime by said MORTGAGEE, because d in the sven~ of ihe faiiure on Ihe par~ of the said MORTGAGOR to duly, promplly and fwly per(wm, d~uhargq exec~te, effed, con,ptete, canpty w~th and ab:de by each and eve?y the itipulanons, agreemenb, cw+ditions, snd covenants of aaid prwn~swry ~ote and thq .~~o~rgage any or ei~hcr, and ~a~d costs, charges and eapenses, each and avcry, shali be immedistely due end payable; whether or not there be notice do- mand, attempt to coNed w wit pend~ng; and the full amount of each and every such paymem ahall bea. iroereil from the date thereof until paid ~I the .,re of n~~x per cantum par annum; arw al! said costs, chargea and expenses ~ncurred w paid, toge~her w~th such inte~est, shall be secu~ed by the lien of this mortgag0. 6. That (a) in the event of any breach of this Mo~tgage or default on the part ~f ~he N.ORTGAGOR, a(b) in the evenf •ny of ss~d sums, of money herein referred to be not promptly ~nd futly paid withi~ th~rty (30) d~ys next after ~ne same severa:ly become dve and payable, without demand or notite, - or (c) in tAe event each and every the stipulations, agreements, cond~tions and coveni nts of sa:d promissory nota and this mortgege ~ny w either are no1 i~ly, prompHti and futly performed, d~scharged, executad, effec?c•d, completed, compin.d vri+:~ and ab~ded ~iy, then in eithet or any such evem the said ag- ~-egate sum menrianed in said promissory note then remaining unpaid, with in:erest accrued, and all moneys secured hereby, shall betome due snd pay~ ao e torthwith, or thereafter, at ~he option of se~d MORTGAGEE, as fui~y and comptete~y a~ if a11 of the said sums of money were aigioally sripulated to t~e pa~d on such day, aoy~hing in sa'd promisaory note w in th~s Mortgage to the conirary notwiths+andi~ig; ~nd thereupon a thereafter al the option of s~~d A10RiGAGcE, withaul not~ce w demand, suit at Iaw or in equity, the~efe~e w thereaiter begun, msy be p?osetuted ~s if al) moneys secured hereby n.~d matured pnor to ~ts instit~tion. 7. That in the event rhat at tfie beginning of w af any ~ime pending any suit uF~on this Mwtgage, w to fOIKIOS! it, d lo reform it, or to enforts p~yrneN of any ciaims he~eur.der. s~id /ApRTGAGct shait aFpty to rhe Court ha,.i~:g ~unsdlction tnereo} fw the appointmeM of • Receiver, such Court shall iu!r,with appoint a receiver of said mortgayed propcrt~ alt and sirr~ular, inci~d~og a~! and singular titie irtcome, profits, iu~s! and revenues from whalever sc ~.,r.e derived, each and every of wn~ch, it being express'y undentood, is hereby mo~~gaged as if specifically set forth and destribed in the granting ~nd i,sbendum clauses hereof, and such Receiver shall have aIl the broad and efiecr~ve f~n~s,ons and powers in anywise enlrusted by • Gourt to a Receiver, and c,.ch aapointment shail he made by such Court as an ad:nitted equity and a matter of abso~~te right to said MORTGAGEE, and without reference to the ad~quaty or inadequacy of the val~re of the prope~ty morrgaged or to rhe so~vency c~r msolvency o1 said MORTGAGOR w the deFendants, and that such rrrns, profils, irxane, issues and revenues shall be applied by such Rcteiver ac:ord~~~g to the lien w equity ot said MORiGAGEE and the practice of suth Court. 8. To duly, prompt~y and fu~ly perform, dischsrge, e~eecute, effect, compiete, comply w;th and abide by each and every the stipulations, agreements, c~nd;tions and tovenants ~n sa~d promissory note and this mortgage set forth. • 9. That- in the event the ovnership of the mortgaged premises, a any pa~t therecf, Lxomes vested in a person other than fhe MORTGAGOR, the ' S:ORTGAGEE, i!s successws end assigns. may, wi:hoi~ no~ice to the .'AOR?GAOR, deai wi~h such successw or successor in interest with ~eterence to thi~ c•rgage and the deb~ hereby secured in the same manner as w:th M.ortgago~ withoul in any way vitiating w diuharging tlx Mortgagon' liability FKre- : ~er or upon the debt he~eo~r secured. No sale of ti.e Frem~ses hereby mo.tgaged and no forbearance on Ihe part oF the MORTGAGEE a its successors or asvgns anc! no exterts~on of ~he time fw ihe payment of the deb~ hereby secured glven by the MORiGAGEE or its ~uctessors or auigns, shaU operate ~o re~ease, d~scharge, rnodify change o~ afiect the originai fiau~{,ty of ~Fe MORTGAGOR h.erein, either in whole a in p~rt. 10. It is specificatty agreed that time is o1 the essence of this co~tract and that no waiver of sny obtigation hereunder q of ths obligaYwn se- c red Fw;reby shat~ at any time tbereafter be held to be a waiver of the terms hereof or of the instrumeM secu~ed herby. I l. In ad3.t;o~ to ~he forege'ng mon~h!y pa~m:ms of pr~r.c pal and ~nrerest requ~red by the prom~uory no!e secured hereby, morfgago~ covenants ~^d agrees ro~ay to mo:tgagee with each monfhly pay~,:ent an add;ricnal som rstir.ested by mortgsgee to be equal to 1/12 of the annual cost of ihe follow- A-Ail real prope•ty taxrs te•ned or assesseci aga~•~st the above descr~~ed reat estate. B-Fre::;lums on fire and windsform ~nsurar.ce as here+r. req~:red to be carried cn the imgroveme~~s situate oo the above described premises. C-P.emiums on such mortgage g~a•oat~ i~sura:.ce as mor~gagee shail frcm tme to ume deem fit to tarry on the loa~ secured hereby. Mortgagee snaii from ti.ne to time noNfy mortgagor in writing af the amount due artd payable heteunder snd sucfi sum shall thereupon be due and b:e on the d~x date of rne newt mo~th!y pay~:ent and eacfi successive monrh thereafier ~r.til mortgagee shall notify mortgagor of a tharge in suth --~unt. $uch sums sha:i be apptied by mortqagee toward the payment of real property taaes, insurante prem:ums, and mortgage guaranty insurance , _:::~~ms. - ' IN Y~ITNE55 ~YHEREOf, the said MURTGAGCR has hereunto stt his hand an seal the day and year~irst afwesaid: ~ Signed, $eakd and delivered in the presence or: M:~ ~Ec;~~oE~ , • fs~ED ..QUN?`f FIA. ~r r' Q a '4 - - Sj FG~ .F~1,R45 •0 ~ ClE~K r ;.~li vCURj +4 ~ _ - qcr~.• ~ ;E'? i ~ , al) l _ n i ~uc 21 3 2? PM'75 ~ ~'ATE OF FIORIDA - ~ ~ ~ :UVTY OF St. Ll1Cl@ ~ Dale O. Lantis Befwe me personaJly appeared ~ _ blarc~aret E. I.aT1t15 his wife, to me well known and known to me to be g :~ndividua:~ described in and who executed the fcrego~r.g instrument, and acknowledged before me thaf they executed the sanx fw tF~e purposes ~ ~=~_~eEn exprossed. And the sa~d htargaret E. Lantis r !e of ~he :~~d - Dale ~t1t1S opon s separate and privste ~ nation by me taken ~e~arate and apart from her said husband, acknow!edged to and before me that she executed said instrumgnt freely end vol~o- , and w~thout any compuision, constraint, apprehension, or fear of or from her said husband. r ~ L'/ITNESS my hand and officia! seal th[s__ 20th day of Au St q, p, ~q 75 ~ ~ ~ Notary PubJic in and for the Stafs of~,~b/ M~ 1 ~ ! My Commission expires: Q~y, j~ / i, t b~ ~ Retum To: ~ T i f ' - J 'a. : .rst Federal Savings a loan Assx:at:on ' ~ s . = or ~o,, P.E~~~. . ~ ~ ~ 7E, - ~ . ~ Fort Pierce, Ftor~da _ ? L~N S ~ J~IO~y•~ ~ !•i~„ ~~,/~l~ ~ % : ~ Y ` This Instrument Prepared By J. Na 1 Robert, Jr r` ~ First Federal Savings & Loan Association ~ l7? ~-i of Fort Pierce, F10Zlda 33450 ~~+~r~~;~i~~~~~•~`` ~ ; ~ ~hecked By ~ ~~~K243 ~A~E 50 ~ ~ ~ ~ . _ ~ _ - - - - - t~y;~ ~ ~ X - - - _ -