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HomeMy WebLinkAbout0747 3. To plac~ ~od contin~ously keep on ehe bu~:dingi now or hereafter ?itwf~ on iaid I~nd ~nd on dl equipn~nf ~nd p~rwnally wv~qd by thl~ mor~¢ p~, witA all pr~m'wm~ ~hcreon pa~d m Fu~l, fire insurance in ~he ususl iundsrd policy fwm, in + sum approv~d by tl» MORTGAGEE, ~r?d wind~torm intwanc~ In IM uiwl uandard po~~cy (a~n, in a sum approved by the AM1ORTGAGEE, in wch company a compu?ies a tM MORTGAGEE ~nay dinct= and all (i~~ a~x! w~ndsiorm insuronte polK~es on any of iaid build~nys, any i~ter~st ti~rein ot pa~t tMnof, in ths p~rpar~ wm ~ta~said o~ in ~xus~ Ihereof, sMll contain tM usual sandard m«tga~ee cla~a or iuch o~Mr c1~uw ai ~A~ Mortyp~e may nquv~, makinp tF~ lou undN aid poli~ cies, each and ~very, payabl~ to ssid MORTGAGEE si its intrreit may appea?, and each and ~ve?y such policy ~MII b p~anp~ly ~ts:9n~d and d~tiv~~ed to ~ny held by ssid MORtGAGEE +s (urthor security to said mortya9e debt, and, no~ leu ~han t~n (10) d~ys in adv~nc~ of th~ ~xpiratio~ of e~ch polity, to de~ livK ro aid MORTGAGEE a ~enewal ~hereof, to9e~her wi~h e ~eteipt fw the premium of such r~newal; and ~hsn ~hall be no f'ue a windi?am inw~~nc~ placed on any of s~id build~ngs. any interett therein a pa~? the~eof, unless in the form and with the Iw~ p+yab~~ ~i ~to~tsald; u+d in tFw ~vent any wm ~ of mon~y becom~~ pay~bl~ unde~ ~uch policy a policies said MORTGAGEE shall have ~he option ro receim e~d ~pply tM sam~ on auovn~ of tFN ind~bted- ~eu sttured hKepy w ro pe:mil iaid MORTGAGORS to reteivs and uN it ot any parl thereof fw othe~ purposes, without thxeby waiving a~mpair- ' f iny any equity, I~er~ or righ~ unde~ or by virtus of thii mo:sgage; an~ in ~M event sa~d MORTGAGORS shall fa •ny ~•~son fa~l ro k..p ~hs u~d pnml~es w ~ i~sured, w fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promp~ly to pay (vlly any premi~m Iherefw a i~ anq ~ respect fail to pe~form, discharge, execute, effect, comptete, comply with and ~bide by this covenan~, w ~ny put herwf, ssid MORTGAGEE may pl~es and pay fw such in~urance or any part thereoi without waiving a aEfecting any option, lien, equity, a riqht w?de~ w by virtw of this Mwty+9e, ~r+d 1M full amovnt of each and every tuch payment shall be immediately due and p+yabls a~d ~hall bea~ interesf ~rom ths dat~ therwf ~ntil paid ~t tM ~ate o! nine pet tentum per annum and to~ether with such interest shal~ be secured by the lien Of thi~ morlpaye. i 4. To petmil, commit p suffer no wa~te, impairment w deterioration of said ptoparty w+ny paA fh~rqf. j S. To pay all and sirgular the costs, chuges and expenses, includirg a ressonabl~ atto~n~y's (ae and oosn of ~bur~cts of titl~, incuned w p+id at ~ ~ny time by iaid MORTGAGEE, because a in the event of the failurc on the part of ~M uid MORTGAGOR fo duly, promptly and fully pKform, dixhuq~ ~ •xecuts, e(iecf, complere, compty w~th and ab:de by each and every the stipuleriona, ag~eemcnts, cw~dit~o~u, and cownants of ~aid promissory note and ihu mortyaye a~y or e~~her, and said costs, charges and eapenses, each and every, thall be immedi+tely dw and payabl~; whether w no1 ther~ b~ notice ds mand, attempt to collect o~ suit pend;ng; and the full amount of sach and every iuch paymen~ sF~all bear inter~st from tM date thaeof until paid ~t fhe rate of ~ine pe~ «ntum per an,wm; ar+d all said costs, thargea snd expenses intwrtd or paid, togetF~er with a~xh inlerett, slNll b~ s~cwed by th~ Iia+ of ~ha mwtpape. 6. Th~t in the event of any breach of this Mortgage or default on tM part of the MORTGAGOR, w(b) i~ ths tvent ~ny of ssid wms of mo~ey herein rt(erred to be ~ot promptly ar+d fully paid within 1h~rty (30) days next after ~he same severalty becwne due and pay~bl~, without denund w notite, or tc) in Pne eveni ~acA and every iiro stipuiat~ons, agreements, co~~t~ona and covenants oi ta~d promiswry no» ~nd tha mortp~ H?y a either a~e nw ~ly, promptly and fully periormed, d:scharged, exec~ted, effected, completed, complied with and sb~ded by, than in tither a any tuch wtnt tM said a¢ ~ gsegata sum memioned in said promiuwy note then ~emaining vnpaid, with interest actrued, and all moneyi ptwsd h~r~by, shdl bOCOrM dut a~d p~y- able fwthwith, w thereafter, at the option of said MORTGAGEE, ~s fully and completely as if all of the uid wms of mqwy wen wipin~tly stipulated to be paid on svch day, anything in said prom~sswy r+ote or in thia Mortgage to the contrary notwithst~nding; and tF~ereupon w thereahe~ at iM op~ion of uid MORTGAGEE, w~rhout notice o~ demand, suit at law or in equity, there(we or thereafter begwy may be prosecvted u if all mor~eys setured hereby had malured (x~w to ~b institution. 7. Th~? in the event that at t!x beginn~ng of w at any time pcnding any suit upon this Mo~tgage, or to fwatlof~ it, or to reform H, or to enfo~q payment of any cla~ms hereunder, wid MORTGAGEE shall apply to the Court having juriid:ction ~hereof fw ?he ~ppointment of a Receive?, such Covrf shall ' Forthwi~h sppo~M a recciver of said morfgaged property all and s~n9ular, includ~ng •11 and singvlar the incom~, profits, iuues and revenues from wh~taver wurce derived, eath and every of which, it being exp+euly understood, is hereby mortgaged ~s if specifi~ally pt fath ~nd detcribed k~ the prantinp and haix~dum clsuses hereof, and such Receiver shall have all the broad and effnctive funct~ons and powen in anywise entrusted by ~ Cou~t to • Receiver, ~nd cuch sppointment shall be made by such Covrt as an admitted equity and s rt»tter of absolute right to s~id MORTGAGEE, and without reference ro ths edequacy a inadequacy of the value of the p.operty mor~gaged or to the w~vency or insoivency of siid MORiGAGOR a the dafe~dants, ~nd thal such renrs, profits, income, issues ent! revenues shall be applied by such Receiver sccwd~ng to the lien w equiry of taid lNORTGAGEE and fhe pr~ctice of such Court. 8. To dvly, promptly and fully perform, discharge, execute, effect, complete, tomply with snd abide by each and ~very tFw stipulation~, ~greements, conditioni aod covenams in u~d promisswy nme and th~s mortgage set forth. 9. That in the eveM the ownersh~p of the rtsortgaged µremises, or any part thereof, becomes vated in • perwn otF~er th~n the MORTGAGOR, fh~ i MORTGACaEE, its succe:sas and suigns, may, wi~F~ou~ notice to ~he MORTGAOR, dea! with auch successw or wccessor in interest with refe?ence to this mortgsge and the debt hereby setured in the sams manner as with Mortgago? without in any way vitiatie?g or distharging the Mor~gapors• lisbiliry hera under a upon the debt hereby secured. No sale of the premises hcreby mortgaged and no forbearance on tM p~~t of tM MORTGAGEE w iq sucoessws or assigns and no extension of the teme fw the payment of the debt hereby secured given by tFK MORTGAGEE or ih tutc~ssors p assi~nf, sh~l) operate ro releaae, d~xharge, modify change or affect Ihe orig~nal liabif~ty of the MORTGAGOR herein, eitht~ in whole o? in put. 10. It is spec~ficatly agreed that time is of the essence of this tontract and thst no waiver of any oblgstion hereunder or of tM oblip~tion se- ' wred hereby shall at any time thereafter be hcld to be a waiver of the lerms hereof or of the instrument secured herby. - 11. In add~tion to the forego:ng monthly paymsnts of princ pal and interest required by the promissory note secured FKreby, mortgagor cov~nants and agrees lo pay to mortgagee with each monfh(y pa~r.~ent an add~rionat sum est~mated by mortgagee to be eq~sl ~0 1 f12 of the annua~ cost of the follow- iny: A-ASI real property taxe: levied or assessed against thc a6ove desaibed real est~te. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvemeab situafe on fhe above desvibed premises, C,-Nremwms on sucA mortgage 9uaranty msurance as mortgagee shall from t;me b time deem fit to tarry on the loan secwed hereby. Mortgagee shall from time to t~me notify mortgager in writ~ng of the amount due and paysNe hereunder and such sum shall lhere~ppn be due and payable on the due date of the next monthiy payment and each successive month thereafte~ urtil mongagee shall notify mwtgsgor of s change in such amounf. Such sums sF.a!! be applied by mortgagee toward the payment of reaf property taxes, insurance prem:ums, snd mortga9e gwranty insurante . premiums. IN WtTNESS WHEREOF, the said MORiGAGOR has hereunto xt his hand and seal the day and year firsf afaesaid. Signed. Sealed and delivered in the presence ot: fIL-J ':£v~R0E0 - - ST. ~UC~E ;!~17Njr FLA. ~ /j ' , ~ • FG=~=';•'~AS Willian H. Devlin ! C! Ef?. ..:~::.J•T COURT I~~~ a~ ; ; pFr.~p~ ,=F ~~=4~ M , n j G{J u~7~ Shizley M. Devling f ~ ' SEP 3O 8 59 A~~ ~ ~ ATE FLORIDA ~ 3~~~22 ' ' courm oF St. Lucie ~ befwe me personally appeared Wlilla3 }'t. QQVi1flQ ; Shirlev M. Devlin h;s M,;ie, to me well known and known to me to bs ! the individusb described in and who executed the fore9oiny instr~ment, and acknowkdyed befae me that they exewted th~ ssme fw the pwposes ! rherein expreued. And the said Shirlev M. ~Vi111Q s w~fe of the said W1111~II 1'~. ~@V11IIQ upon s separats ae~d priv~t~ ~ exam~naYron by me tsken separote and apart from her sa~d husband, acknowledged to and belwe me that she executed said irotrwnent freely a~d vol~n- f earity and without any compulsion, consrraint, apprehension, Jw,fear of w from her said husband. WITNESS my hand and off:cial seal this 1G ~ll day of SQDte~et „ A. D. 19_.7~__ ~.~.C~t,~,. .~i ; Noary Public in ~nd for t ate of Florida at Lu~e t My Commiuion ~xpirp: , ~ Return To: ~ O• ~ ~ ~ 7 ~ Fint Federal Savings ~ loan Associat:on O( For1 P+erce. , Fort Pizrce, florida ' - ~ i . ' ~ ' ' ~i. ` This Instrument Prepared By RobeYt A. Swisher Jr . ~ ' - - y First Federal Savings 8~ Loan Association ~ . of Fort Pierce ~ Flor ida 33450 - ' - ' . i Checked BY 1~ U P. s• ; ~~~K 244 PACE 74? ~ - . ~ . ~ . ~ d~ _ - - - - _ = ~.<~r; .r.___.. _r_ _ . ' _ ~,_.~~s;~.