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HomeMy WebLinkAbout2285 3. To pl~c~ and con?inuously keep on ~ht bvild~nps now w Fu~aaltK ~i~uate on ~aid I~nd and on ail puipment ~nd p.r+onally covered by ~hls morq~ p~, with dl premiurtu thereon pa~d in (u14 fir~ lnsu~ance in 1M utu~l starde~d po)icy fwm, i~ • ium ~pproved by tM MOR(GAGEE, •nd wi~dsto~m insurar?ce in tM uswl it~~dard pol~cy lam, in a sum approved by tM MORTGAGEE, in ~vch canpany p~ tompaniN +s tM MORTGAGEE may ~ dv~cb and all fk~ ~nd w~nd~to~m insu~anc~ po~iuci oe+ any of •oid lw;ld~nqs, ~ny inler~~t thaein w pa~l 1Mr~of, in tM a~rcp~~~ ium aiw~said w in ~xcats ~her~of. ~hall conain tM uiual ~~andud ma~gay~e claus~ a such o~her c1~us~ a ~M Mor~pa~ may rp~ir~. nw?inp IM foa undN u~d potl~ cies, ~ath a~d ~ve~y, payabl~ to said MORiGAGEE a~ its intarest m~y appea~, and each and ~very ivch policy ~hall b~ pramptly us.9~d ~~d d~~~r~~ed 10 •ny Mld by said MORTGAvfE a~ twrF~s~ security ~o ssid nwnyay~ deb~, and, ~o~ te~s tMn ten (10) d~ys in advance of tM ~apiration o1 each polity, to dr ' I~ver to wtd MORiGAGfE a renewal thereof, ~oqerher w~th • rsceipt for the p~emcum of such .enewalj and Ihsr~ ihatl b~ no fk~ a wi~dstam insu~~nc~ placed on a~y of i~id buildinps, any in~~rest ther~~~ o~ pu~ ~hereof, vnleas in ~he torm and wi~h ~Fw loss payabl~ a~ afwesaid; and ir+ tM ~venf any tum of nwn~y become~ payabte under such polity a policies said MORTGAGFE ~hall havs tM opt~on 1o r~ceiw e~d ~pply the same on accouM of IM ind~bted ~ y~ ness secvred hereby ot to otrmit faid MORTGAGORS lo rcceive and uN i1 Ot eny pa~t d~caeof fw other purposet, witho~t tha~rb~ waivi~ig o~ unpai.- ing any equity, lia? w right urda or by vir~ue oi tha morsgago; and in tM eveN uid MORTGAGORS ihall for ~ny reason (ail to kesp the said pr~m~te~ so insured, a fat) to detiver om tl an of said IKies o( insura~xe to ia~d MORTGAGEE, a fait ° P~ P Y Y Po promptly to pay (ulty ~ny prert~ium therefw a in ~nY . , respec~ fail to perfwm, discha~ge, execut~, etfect, comptete, comply with and eb~da by this covsnant, a a~y pa?t he~eof, said MORTGAGEE may plac~ •r~d pay (a tuth ins~ranc~ or sny part thereof without waiviry w affedin9 any option, lien, puity, o~ righl unde~ or by virtw o1 thit Morl9ape, ~nd the full amount of each end every such paymcnt shall be immed~ately due ~nd payabk and shall bear intere~t from tM dat~ Ihereof umil paid at the rat~ ot n~ne per cent~m~ pet annum a~id fogrthcr with such in~ere~~ shali be securcd by the lien of this mortp~ge. ' 1. To permit, commit or svffe~ no wasts, impairnxm or deterioratio~ o( said property p any psrt 1MreoF. S. To pay all and cingular the costs. charpes and expenirs, inctudin9 • reawneble attwney's (e~ s~d cosb of abstr~cts of titls, irKUned w paid N eny time by w~d MORTGAGfE, because a in the event of the taiiure on ~he pa~1 of the said MORTGAGOR to duly, promptly ~nd futly pe~fam, diuhargR execute, efied, comptete, comply with and ab~de by s+ch ~nd e+ery fhe itipulat~ons, agrermenn, conditions, and covenanfs ot said p~om~ssory note and thit mer~gage any a e~~her, and sa;d costs, charQes and expensef, each end ~ve?y, aMll be im+nediately dw ~nd payabl~; whether w not there bs notice ds~ mand, attempf lo toll~tl w~uit pend~n9; and the fvll srtauot of each and every such paymcnt shall bea~ in~erea~ from IM d+~e 1}+treof un1i1 paid ~f tht r~re o! nino per centum pnr e~num; arw' all said costa, charpes and exH~nses iqcurred o? paid, together wuh suth iolsrest, shall be secured by th~ lien ol thu mort9+9e• . 6. That (s) in the event of any breach of this Mortgsge w defau~t or~ the parl of the MORTGAGOR, w(b) in the evenf any of saw! s~mf of maky herein reta?red to bs no1 prompUy and fully paid within ~huty (30) days i+ex~ after ~he same uveratiy becorrn due and payab~e, without dert?~nd w notice, or (c) i~ the ~event exh snd every the stipu~ations, agre~ments, conditions s+d covenants of sa;d promiswry not~ and th~s mortgap~ any a eith~r •rt nol ~~ly, promptly and iuily performed, d.xharged, executed, effected, comptered, compl~ed v~ith and abided ~iy, then in e~ther w any such event the taid ag ~ gregate wm mcnt~axd in said promisaory ~ote then re~naining unpaid, with interest acuued, and ail moneys setured hereby, sMll become due snd pay- eb;e fwthwith, or thereafter, at the oprion of said MORiGAGEE, as fully and compte~ety as if ~II of ~he said swns of money were aiginally stip~leted to be paid on suth day, anything in sa;d pro~nissory note or in this Mwtgage to the contrary notwithstanding; and IhQteuport w thereafta N fhe option of sa~d MOR~GAGEE, w~thout no~ice or demar.d, sv~t a~ law or in equity, therefore or ~heeratrer begun, may bs prosecuted as if aU moneys setured hereby h~d matured pnor to its ins~itution. 7. Thar in the evem fhat at the beg7nn~ng of or at any time pending any :u~t upon thls Mortgage, o. to foreclose h, or to refam it, w to enforp paymenl of any daims hereunde?, said MORTGAGEE sha(I apply to the Court having ~urisd~ction thereof fw ~he appointmsnt of a R~ceive~, futh Cou?1 sMll fcr,hwith appoin~ a receiver of said mortgaged propcr~y all and aingular, includ~ng aI! ond s~nqulsr the entome, profits, isswt and rsvetwes f/om wbatever source dcrived, each a~d eve~y of wh~ch, it being expressly vnder~tcod, is hereby n,o~tgaged as if sp~cifitally set forth and dNttibed in the grantinp and habe.~dum davses hareof, and such Receiver shall have aU the luoad and efiective funct~ons and powms in anywiss e~truated by • Court to • Receive~, and s,.ch appointment shall be made by such Cour1 as an admitted equity a~xl a matter o( absolute riyM to said MORTGAGEE, ~nd without referente to ths adeq~acy a inadequacy ol the vslue oi the property mortgeged or to the sotvency c+ ~nzoivency of taid MORTGAGOR a the defendann, ar?d that tuch renrs, profits, income, iuves end revenues shaii be appiied by such Rcce~ver eccord~ng to the lien w equity of said MORT6AGEE and Ihe practite of such Court. 8. To duly, promptly ard fuily pafo+m, discharge, e,cecute, effecl, cornplete, comply with and aa~de by each and every the stip~rlatwns, ~grtements, c~nditions and tovenanis in ;a:d prornisswy note and this mortgage sct forth. 9. 7hat in the event the ownersk7p of the martgaged premises. w any parl tixreof, becomes vested in a person other than the AhORiGAGOR, tM A'CRTGAGEE, its successora and assigr.s, may, v.i:hout not[ce to etw AtORTGAOR, deal w~~h such successor or successw in intarest with refere~ce to this mo~tgage and the debt hereby secured in tF.e aame manner at with ltortgago• w~thout in sny way vitiatinp or discharying the Mwtyagors' liabilify FKre- ~nde. or upw~ ttre drbt hereby secured. No saie oi ~6e premises herety mortgaged ar.d no ~wbearante on the part of t1~e MORTGAGEE w its successors cr assigns and no ext~nsion of the time f~ the payment of the det~t h~reby sec~red g~ven by the MORTGAGEE or its ~ucce~sort or auigns, shal! optrate ro re~ease, ducharge, modify cha~ge w affect the o~~gmat liab:f~ty of the MORTGAGOR herein, eithe~ in whok w in puf. 10. It is specifically agreed that time is of the esse~ce of this contract and that no waiver of any obligation he?eunder or of tl+~ obligstan se- cured hercby shal~ at eny time lhereatter be hetd ro be a wair•er of the terms hereoi w of the inalrumeM aet~red herby. 11_ In add~r,on to ~he Forego'ng monthly paym~ms of princ'pal and inrerest required by the promissory_ note secured hereby, rtw~tgagor covenants ~nd agrees to pay to mortgagee wi2h each monthty payrnent an add~~iona! svm est%mated by mortgagee to be equal to 1~12 of the annual cost of the folfow- i n.3: A-Ail rea! property ta,ces tevicd or assessed agai:u+ the acove described real esrate. ~ B-Prem~vms o~ fire and w~ndstwm ~nsurar.ce as he~ein req~~red to be w.ried on 1F.e irnprovements situate on the above described premises. C-Pre.niunu on :uch mwtg3ge guaranty insurar,ce as moftgagee shall frcm t~me to time deem fit to, tarry on the losn secvred hereby. ~ Mortgagec aheil f~o~n time to r~me ~orify n:ortgagor ]n writ~ng of the amo~nt due and payabRe hereunde? and such sum shall tF?ereupon be dve a~ ,,able on the due da~e of ~he next month:y payment and each wccessive month the~eafter urtil mortgagee shall notify mortgagw of a thange in wch ~~.ount. Such sums nFa:i be app!ied by mo.tgagee toward the payment of real property taxes, insurante prem:uma, and mwtgage gwranty inwrante ~I ~ ~n,;urns. IN WITNESS WHER~OF, the said MORTGAGOR has hereunto set his Fund and seal the day and ytar first atwessid. ~ Signed, Sealed and defivr.ed in the pre:ence of: ~ ? FII~D ~V'' k~~uRDEO - ~ ~y ! ~ -'-W; ST. L'JCI~ :.OUNTY FIA. zanci s . O rien FCGi.` ~ 1"~AS ~an ! CLERr :?~~~'T COURT ~ I . r •ca.F,E:I ~ ~9F...~i: ~ ~ - ' w i ~ ~ _ _ ~1.~-Cirl _ (sea4 ~ ~ ~ 3 3? 1 M~75 Eleanor K. O'Brien s-.~rE oc Virgin~ ~ JUNTY Of Pr~nce ~eoraes ~ 3168'76 Beiwe me penonal{y appeared Francis W. O'Brien Eledl'fOT K O'Brien his wife, to me well known snd known to me to be •he ~ndividuals described in and wfio execufed the fwegoing instrument, and acknowledged before me that they executed the same for th~ purposes rne•e:n expressed. And the said Eleanor K. O'Brien r~~fe of the said Franeis ~tT. O'Brien k~~1e ~~~te exa,n~nat~on by me taken separate and apart from her said husband, atknowfedged to a~d befpe me that she executed said irutrument freely and volw~- ra:~f~ and without any compulsion, consrraint, appreF~ens~ n, or fear of a from her said husband. ~ WITNESS my hs~d and official seal this day of SE'• ~1IIb q. p, ~q 75 ~ Notsry Public in ~nd fbr the St~te of Florida ~t lar9s My Commiuion expires: f~turn To: t First Federal Savings 3 Lonn Ass«;dt~o.~ ~y Commissioa Ezpires Oc~ 12. 1977 ~ Of Fort P~erce. . ~ Fort Pierce, Flo~ida , ~ ~ . ~ . ~ 'r . . . - ..t`r.'~~, ',•~f. ~ This Instrument Prepared By J. Ha 1 RobeZ t s, J r ~ . ft : ; First Federal Savings E~ Loan Association = ~ : Fort Pierce , Florida 33450 -:~i _ _ _ ~~:~~,,i:: Chetked By .~r- ~ " ? ~~t eo~~243 v~cE2285 ~ . l . ~ • . ~ ~ • . SA ~ ~s - - ~ , , : . . - . . - - - - - - - - - _ , - - ~ ~ ~~''~v y