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HomeMy WebLinkAbout0180 , , J. To plx~ ~~+d contiouously kcep on the buitdings now w hereafte~ sitwt~ on ~aid land and on all puipmenl ~nd ptrson~lly covt~~d by this morlQ~ F p~ with all prtmiurtu th~reon pa~J in full, fire insurance in the uival standard poticy form, in ~ sum approv~d by tM N10RTGAGEE, ~nd wirxlstam ~ inturanc~ in IM usw) itandud pol~cy lo~m, in s aum ~pproved by ~ho MORTGAGEE, ' in f~th tompany w companiq ~t IM MORTGAGEE may dlr~tti and all lirs snd winditorm insur~nte policies on any of sa~d Iwild~nps, any interail therain w pa?1 ther~of, in tM a9yrp~t~ wm atoreiaid q In ~xcts~ theruof, thall contai~ ~he usual standud mor~gage~ claus~ or such otFw~ cla~s~ as t!?~ MortyagN may requ~r~, makinp th~ bs~ ~nd~r s~id poli~ cie~, ~~ch ~nd evay, paya~le ro said MORTGAGEE as its interest may appsar, ~nd each a~+d every such policy ~Mtl b~ promptl~ ~u•9n~d ~~d deliv~red ro any heW by iaid MORiGAGEE as fur~her securiiy ~o said mwtya9e deb?, arxJ, not !eu tMn ten (10) days in sdvanc~ of tM expir~tion o1 each poliq, to dr IivN to Nid MORTGAGEE a renewal thereof, togethe~ with a receipl fw the p~emium o} iuch reMWal; and Ihtr~ thall •b~ no fir~ or wind~twm inivrat~c~ plaad on sny of said buildings, ~ny interest there~~ or part the~eof, unleu in tF?e form snd wi~h the loss p~yable as ~iaes~~d; ~od in tM ~wnt ~~y sum of nwney becomei payable under wch policy or policies uid MORTGAGEE shall have ~F~e opt~on to receive and apply tM sam~ on ~tcouM of the indsbted ~eu ~ecu~et! hsreby or b permit said MORTGAGORS to receive and uss i1 Ot any parl thcrcol la ot'~er pu~poses, without thereb/ waiving w~mpai~• ,R in~ a~y equ~ty, lien w ~ight u~der w by vir~ue o't thii mat9age; and i~ tM event ~aid MORTGAGORS shall Fw a~y ~eawn fail ro keep the s~id premises so , ~ i~sured, o~ fail ~o dafive~ p~omp~ty any of said policies of insu~ance to said MORTGAGEE, w fail promptly fo pay fu~ly any premium therefor w in any respect fail to perform, d~scharye, e:ecute, elfec~, complete, comply wi~h ~nd ~b~de by this cove~ant, a any par~ hereof, said MORTGAGEE may pl~ce and pay fw such insurancs or a~y part therto( without w~iving w affecting a~y optiw~, lie~, equ~ty, or right under or by virtw of lhis Mortpape, and the futl amouot of exh a~d every such paymenf shall be im,nediately due and payabte and shall bear imereit from ths date thereoi until p+id at the ra/t ol nine psr centum pe~ annum and togrther wirh such inie~est shali tx secured by the lie~ of thi~ mortgage. ! 1. To permit, commit a su((er no waste, impairment w deteraration of said property w any part thereof. ~ 5. To pay ~II and singulu ~he costs, chargea and expenses, i~ctuding a reasonable sttwney's fee and coin of abstracts of title, incvrred o? paid at ~ any Yune by uid MORTGAGEE, because w in the Event of the failure on the part of the seid MORTGAGOR to duly, promptly ~nd fully paform, d~sch+rgR ~ execute, effett, compkts, comply w~th and ab~de by each and every the stiputations, sgreements, conditions, and tovananb of said promis~wy nots and thit y mortyags any w ei~her, and sa~d.costs, charpes and eapenses, each and evmy, shall be immediatety due and payable; whether a not there b~ notice do- j m~nd, sttempt to collect p suit pend~ng; and the tull amount of each and every such payment shall bea. interett from the data thereoi until p~id ai the rate of nioe per ccn:um per snnum; and all said costs, charges and expenses incuned or paid, IogNher w~th suth iotereat, ihall M s~cuted by tM lien of thq mort~ps. 6. That (a) in the evenf of any breach of this Mortgage or default on the pa?t of the MORTGAGOR, w(b) in the event s~y of said wrt~s of money herein refe~red to be rat p~omptly and fully paid wi~hin fhirty (30) days nex~ afte~ the same severally become dve +nd pay~bt~, withovt demsnd or ~otice, or (t) in the eve~t each and every the st~pulations, agreements, cond~tions and covenants of said promiuory note ~nd th~i mortgage ~ny o~ ~ithe~ ~re not ~uly, promptly and fully performed, d~uhsrged, executed, elfected, compteted, complied with and abided ~iy, fhen in eithe? a ~ny s~ch event the said gregste sum me~tioned in said pramissary nc:e then re.r.aining unpa;d, }:irh inrerezt accrued, and al! rnoneys setured hereby, shall becoms dw and psy~ able forthwith, w the~~after, at ~he opt~on of sa~d MORiGAGEE, as fully end completely as it all of the said sums of money vircre oripinally itipulsted to be paid on such day, anything in sa:d pro~n~sswy note w in this Mwtgage to 1he contrary notwithstanding; snd tFK.veupon or the?eaftsr a1 tM option of taid MORTGAGEE, without not~ce or demand, suit at law or in equity, therefwe o~ thereafter begun, may b! prosetutld at if all ma~eys sscvred hereby had matured pr~or to its ins~itvtion. 7. That in the evenl thaf at the beginntng of or at any time pending any suit upon this Mortyage, w fo foretlost N, p t0 refo~m it, or to enforq piymlM O~ any Cla+mi tkrtunder, se~d r.~ukl~aGtt shall apply t0 ti~e l:ov.t hav~ng ~unsd~c~ion ~hereof for the appo~Mmenl of ~ k~ceivet, sVC~I ZOV/1 fF?ill fwthwith appoinl a receiver of said mortgaqed property all and singu:ar, inc{ud~ng ail a~d sirguiar tl+~ intorae. pro}iq, issws and revenws from whalevtr source derived, each and every of whkA, it being exp~essly unde~stood, is hereby mortgaged as if ~pKifiulty stt fwth and dewibsd fo the 9ranting and hsbendum tlauses hereot, and such Rece7ver shal! Fave all the broad and effective funct~ons and powers in snywise entrusttd by ~ Ca?rt to • RKeiver, and tuch appointme~t shatl be made by wth Cowt a~ an admitt~d eq~ify and s mstter of abwlute right to s~id MORTGAGEE, and withoul reference to the ( adeqwcy or inadeq~acy of the vaS~e of the property mortgaged or to ti?e w~vency w ir~wtvency of said MORTGAGOR or the defendants, ~nd that iuch rents, profiri, i~come, issues and revenues shall be appiied by such Receiver accwding to the lien w equity of said MORTGAGEE and the practiq of such Courf. C~ 8. To duiy, promptiy and fulfy perfo.m, discharge, execute, effect, complete, canpl~ with and abids by e+ch and every the sfiputations, apreements, ~1~ conditiorn and covenants in sa~d promisswy note and ~his mortgag~ set forsh. 9. ihat in the event the owne~sh~p of the mongaged premises, w any part thereof, becomes vested in a ptnon other than the MORTGAGOR, th~ MORTGAGEE, ifs successws and ass~g~s, may, wi+hauf no~ice to the MORTGAOR, deal wifh such successor w successor in intereit with refe~MCe Io fhis , i mortgsge and the deb~ hereby secured in the same manner as with ~Jlortgago~ w~thout in any way vi~iating or discharging the Mortyagori li~bility hera L)~ under d upon ~he debt hrreby secured. No sjle of the premises hereby mortgaged and ra forbearante on tM part of the MORTGAGEE w in successors ` w sssigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or iri suttessors or assigns, sMll operats F to releax, dixharge, modify change o~ affect the original I]ab~Gty of the MORTGAGOR hcrein, either io whok o? in part. ~ 10. It is specificatly agreed rhat time is of the esunce of this contract and that no waiver of any oblegation hereunder w of ths obligafion se- ~ cured hereby shall at any fime thereafter be held to bc a waiver of the terms. hereof q of the instrument setured F?erby. 11. In add.tion to the Fwego"ng monthly paymsnts of princ pal and interest required by tMe promissory note secured hercby, mortgagor covenanis ~ ~ and sgrees to pay to mo:tgagee v~~th each monrh'y ~ay~r.eM an add~~ional wm estima~ed by mwtgagee to be equa) to 1~12 of the annual tost of the follow- ~ u,g. ' ~ A-All real property taxrs lev~ed o~ assessed ag3i~st the above descr'+5¢d real estate_ rti : ~ B-Premiums on fire and windstorm insu~ar.ce as iiere~n requ:r~ to be carried on the improvemenh situate on the above described premises. ; ~ C-Premiums on such mortgage gua~anty ir.surance as mortgagee shall from t~me to time deem fif f0 carry on the ban tMUred hereby. ~ i Mortgagee sha(I -from t~me to time nat~fy mortgagor in writing of 1he amount due aod payable hereunder and such sum shall thereupon be due and ' ~ { payable on the due date of th~ ne,~t monrh:y paymero and each successive morith thereafter ur,til mortgagee shall notify mortgagw of a change in such ~ i amouet. Such sums shaii be apptied by morrgagee toward the paymero of real proFerty taxes, i~surance prem.vms, and mortgage guaranty insuranct # prcmiums_ • s IN WIiNESS WHEREOF, the said MQRTGAGOR has hereunto set his hand and seal the day and year first afwes~id. ; Signed, Sealed snd delivered i~ the presence of: „ ' - FtLEU Ay" 3EC~fiDEO ~O ' ST_ LUC?~ COUN7Y f lA- aq { -"'~-~-u' - ` '~--~'~J p~~~F. FJ~~RAS Theodore P. Swin~ le ~n " ~ ' -~C- CIEHK i.I~~U1T COURT , " RF~.~~G ~ ; ; "~EO ~ _ Nelen~ L Swin le ~.q STATE OF FLORIDA aHP f O~ COUNTY OF S L. LLi C 1 Q ~ Befwe me personaUy appeared Theodo]Ce P. Swinqle s~ He 1 e n L- Swi n~i le his wife, to ~+.e we0 k~own ar~d k~own ro me w b. the individuals desuibed in and who executed the foregang instrumeM, and acknowledged befwe rnt that they executed the sams for the purposes rheroin expressed. And ihe aaid~~ t{e le n SWlT1g12 w~re or t~ w~d Theodore P. 5winole ~ ~pon ~ sep~rafe and privat~ examination by me taken separate and apart from her said h~sband, atknowledged to and before me that she exetuted said instrument freely ~nd vol~rr rarily and witFiout any compulsion, constra~nt, appre~ns~on, or fear of or from her said husband. WITNESS my hand and official seal this -'C~ '~Lt- day o ~'~t~-' Y A. D. 19 7~ _ G Y'_ i ~ C~ STATE ~ r Nofsry Public i~ and fw t State o lorida at larpe F L G R+~ t-` ~ My Commiuion expires: , t)OCUMENTARv STAMr- ~ /.-~?-~lf- ~~.5 cZ " CiE?L ~EVE'~uE ~ . ~c, _ ~ SfF24'TSt'~-a.~~~~"` ~ 8 0 ~ . ~ ~ = F 8. + - ,lyti' 1 ? r~' = Ili.~.? r ~ ~ v` ~ ~ , . ~ o - • • i . . . . ,~r~ j , ~ This Instrument Prepared By ponald E. Nughes . ~ ~ First Federal Savings ~ loan Association _ " ` ~ - of Fort Pierce , F lor ida ~ ~ ~ - ~ ~ _ ~ ti R - ' ~ r,~. ` ~ , Checked B A~~~K244 ~,,~t 180 . - , ~ ~ ~ _ - . _ _ - - - r_. , _ _v_ ~