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HomeMy WebLinkAbout1137 To pixe and con~inuousiy keep on the bu~:d~ngi now or hereafi~ ~ituars on sa~d land ~nd on dl equip~nent and perwnally tovered by thit mortg~ age, w~~h all premiums ~hereoe~ pa~d in fuil, I~rs insurance in the uaval •randard pol~cy form, in a tum aNproved by Ihe lNORiGAGEE, and windstorm insuranc~ in iM usual s~anda~d pol;cy (orm, in a sum approved by the MORTGAGEf, in svch company w comp+~ip ~s ~he MORiGAGEE may directt and all (ire +nd winduorm insurance po~~cies on any of •aid bulld~ngs, +ny interes~ therein or par~ thereof, In ~M a99repate sum afo~esaid or in exceu ~bereof, ~hal) contain ths usual sfandard mortgagee clause o~ such o~her cl~~se as tM AAwtgagea may ~equ~ro, ma?iny ~he loss under sa~d poli~ cie~, e+ch and every, payab:e ~o said MORTGAGEE ~s ~ts ~~te~esl may sppes?, ane! cach and every such pot~cy shall be promp~ly ass.gned and detivered ro , any held by said MORTGAGEE ~s (u~ther security to said nwrlga9~ drbt, arxl, ~ot less than ~e~ (10) days in advance of ~he expir~t~on of each policy, to dr I~ver to said MORTGAGEE a re~?awal thereof, logether wi+h a receipt fw the pr~rt~ium oi :uth renewal; and there sMll be no fire or winds~orm in~uranc~ placed on any of iaid bvildings, any in~creit Iherein o~ pa~t thereof, unless ~n the form ar~d w~th the toss pay~ble as atweuid; ~nd in the eYent any sum of money becomea p~yable .,nder ~s,cl+ ool~cy er oolKies iaKl MORI6AGFE shall Aaw tM oo~ion to recsivs and analv ~hs san+e o+~ sccou~t oi the indebted ness setured hereby w ro permil said MORiGAGORS Io receiv~ and uss it a any pa~t the+cof fw oti~er purposes, .vlthout ~h_rcb/ waivi~,~ w~mpair- ing any equity, lieei or ri9ht unde? w by virtve of this mo::gape; and in the ~vent sa:d MO~TGAGORS sh~ll (or a~y reason fail to keep the said premisri so ini~rpd, w fail ro delivsr promptly +ny of said polKies of i~surance to iaid MORTGAGEE, a fail promptly to pay tully any pre~nium therefor a in any ~espect fail to psrfum, d~scharge, e~ecuse, ef(ect, comp:ete, comply wiih and aD~de by this covenant, w any part hrroof, said MOR~GAGEE n.~y place and pay fw iuch insu.ance or a~y part therco( w~rhouf waiving or affecting any opiion, lien, equity, or r~gh~ undN o~ by vinue of ~his Mor~gage, and the " fu11 amount of each and every such paymant shail bt immed~atety due arx! payable and ahall bear interest from the date thereof u~~il paid at the rate ol • n~ne ptr centum per annum anJ ro~ethe. with ~u:h inte~ese shati tx sewred by the iien of this mortgage. - 1. To ptrmit, commit or tuffer no waslt, imptirmeM or deleriorstion of said property w any parl thereof. 5. To pay all and ungular the costs, charges and expenses, in:lvding a ieasonable at~or~ey i fee and costs of abstrads of title, i~curred w paid ~t any time by said MORTGAGfE, because w~n the tvtnt of the faiiure on the parfof the said MORTGAGOR 1o duly, promptly and fully pe~fdm, d~uharge. zaecute, elfec~, complete, con+ply wdh and ab:de by each ~~d every tha sripu:at~ons, agreen.ents, conditions, aod covanants of uid promissory no~e and thi~ ,~;ongaye any or e~~her, end se:d cosn, cha~ges and expenses, each and every, shall be immed~a~ely due and payable; whcther w not there be notice ds mand, a~tempt to collect a iu;t pend~ry; and fhe fv1) amount of each and every such payment shall beer intereat irom the date thereof until paid i1 the r,,t_ of nine per centum yer an~~u:n; o~d ail said costs, charges and expenses incurred or paid, together w~th such interest, sMll be secured by the lien of thi~ mortgage. 6. Thsl (a) in the event of any b~each of this Nwtgage or default on the part of the MORTGAGOR, or (b) in ths event any of sa:d sums of money her_in refnred to be not prort~ptly and fully paid within thirty (30) days nex~ atter the same severalty bet~,me due and payable, without dcmand a notice, cr !c) in Ihe evcnt each and every the stipulations, agreements, tonditions a~d tovenants of sa:d promisaorjr note a~d th~s morfgaye any pr either are nol ivty, promptly and fu11y per{wmed, d~scharged, ezec~ted, eifected, completed, compl~eei wifh and abided 5y, then in eithe~ q any such event the taid gregate surn mentioned in said promissory note then re.na~ning unpaid, wi~h interes~ accrued, and all moneys set~red hereby, shall betomt due and p+y~ e~`e forthwith, or thereafter, a1 the opt~on of said MORTGAGEE, as f~lly and comp!eteiy as if a~l of the said wms of money were originally stipulated ro be pa~d on such d~y, anything in sa:d prort:~ssory note or in this Mortgayr to the cororary norwithstandirg; and thereupon or thereaffer al the option of sa:d MORTGAGEE. witF+out not~ce or demand. suit at law a in eouitv. thercfore or thereaiter beoun, may be wosecuted as if all moneys secuted herebY h~d marured pr~w to ~ts institution. ` 7. That in the event that at the beginning of or at ony time pending any suil upon this Mo+tgsge, or to fwecloss it, or fo refwm if, or to enforce paymenf of any claims Ixreunder, :aid MORTGAGEE shall apply to the Court having junsd:crion the~eof for the appoiNment of ~ Receiver, such Court ~all io-thwith appoinl a receiver of said mortgegcd property all and singuiar, inttud:ng ail a~~d s~?aular the intome, profits, iis~es and rev~nvei from whatever sc rce derived, each and every of wh:ch, ~t be~ng expressly understood, is hereby morrgaged as if specifica{!y ut fath and deacribed in the granling and naber.dum clauses hereof, and such Receiver shaii have all the b*oad and efiect~ve fcr.ct~o.,s and powers in anywise entrusted by a Court to a Reteiver, and s_:h appointment shaH be made by such Court as an ad~nirted equity artd a rrat~er of abscivte righl to said MORTGAGEE, u~d witheut r~ference to the edequacy w inadeqvacy of the value of the property mortgaged or to thr so.vency or ~rsoivency of said MORTGAGOR p the defendants, and thal such re~+s, profits, income, issues and revenues sha~l be applied by such Receiver ac:ord~~~g ~o the (ien w equity of said MORTGAGEE and the prattice of such Court. 8. To duty, promptly and fully pertorm, d~scharge, exewte, effecr, com, iere, con;ply with and abide by each and every 1Fx sliputations, agreementt, :;,nditions and covenant~ ~n'sa~d pramissory note and this mortgage s~t forth. 9_ 7hat in the event the o~nersh~p of ihe ~~ortgaged prer.:~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, ths 4' ~RTGAGEE, its successors end as.iyn5, may, weihout norice to rhe MORIG~OR, deal wnh such successo~ or successor in interest with reference fo this n o•ryage and fhe debt he.eby secured in the same manner as w~th ~hortyagor •.vilhout :n any way vitiating or dixha~ging Ihe Mortgagors' li~bility here- ~-,;1.,r a ~~n the debt h~reb~ secwed. No sa:e of the Fremises hereby rnortgaged and no forbearance on tbe part of Ihe MORTGAGEE or its successors cr ass~gns ar.d no e,etensior. of the time for the pryment oi tne debt hereby secvred g~ven by Ihe MORTGAGEE o~ its successors a aui9ns, shall operate io re!ease, d~xharge, modify change or af(ect the orig:nai liab;l~ty of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed that t~~ne is oi the euence of this contract and that no waiver of any obligatio~ hereunder a of the obligation se- c~red hereby shali at any time thereaher be held to be a wa~ver of the !erms hereo{ or of Ihe instrument secured herby. 11. In add t:c~ to the forege'ng monah!i pa,~m:ms of p:inc pa: and in;eres~ requ~red by tFw promtssory nore secured hereby, mortgagor covenaMs r.d agrees ?o pay to ~eo~tga~ee •+~i!h each rnonfh~y pay~nent an add~r;o;~af wm es~~~-ared by mortgagee to be equal to 1 j 12 of the anaua) cost of the follow- . A-AI~ real propeny taxes lev~ed or assessed agai~,st the ahove desc~i,~,cd .c-ai esta~e. - B-Prem~ums on f~re and vvindstorm inswance as he~ein requ:r~d !o be ca•ried on ihe ~mproveme~ts situate on the above desaibed premises. C-Pre~nivms on such mortg.:ge guaranty ir.sura.::e as mortgagee shail fro~r. rl~,e to t:rne deem fit to tarry on the loan secured hereby. ~ l~longagee snaH ircm t+me to t~me not~fy morryagor ~n wriT[ng of fhe amou~t d~e ana payable hereunder and such sum shall thereupon be d~e and ~ :+,ebie on the dve date of ~he next month:y payment and each successive mor.th thereafter u~tit mortgagee shall notify mortgagor of a change in such ~ aunt. Such sums shall be applied by m~rtgagee tovra:d the payment of reat p•operty taxes, insurante prem;ums, and mwtgage guaranty insurance ~ ,,-...m:Vm1. ~ IN WITNESS YvH~REOF, the said MORTGAGOR has hereunto set his h3nd and seal the day and year first aforesaid. Signed aled a~d delivered in the pres ce of: - n - f~l1E D ~ h _ it:.i:+1~?UE~ (Se+O ~ ~y(.j:11u:~ ::a'lv~1T'r' - - ~fi0~~"t~ ?'lii~'a5 4 - - CLER.'. Ci ::.'S!K i,t~lflt~ ~n vFr.n: ^ ~ i ^ ;~4iE OF FLORIDA ' c:~u:mr of St . Lucie j ss. ~ L 3 13i ~18~93 Before me personally appeared Dan D. Decker a~ LOl S E. DP_ C~CE.'I his wife, to me well known ~nd known to me to be !he individusfs dexribed in and who executed the fore~ ang instrument, and scknowledged before me that they exetuted the same fw the purpos~a nc~~e;n expressed_ And the said ~1S L. Dec~:@Z ~ f.~ of the sa~d Dan D. Decker ~po„ s separate snd pinate -.an;.nat~on by me taken separale and apart from her said husbartd, atknowledged to and before me that she exet~ted said instrument freely and volun- :~~!y and w~thout any compui:an, co~straint, apprenenslon, or fear of o~ frorry~her said husband. ~ WITNE55 my hand and oifiuai scal th~s day of VCtOber q. D. 19 75 ~ '.v , v ~ : . ---i_...~sv, ~ • Notary Public irt and tw:"the State of Fbrida at large ~ My Commission e~cpires: l: Return To: ~ First Faderal Savings 3 loan Association , 1;.~:. 1. 1917 ~ Of Fort P:erce. ....;`~u ~y ti~.a..~.a:~ w..wcc~ ~~.s::~+nf4 I~t+~ ~ Fort Pierce. Fiorida t+.~, I. 3 ~ ~y t~ j { ~;:c«. ' ~ ` :4`;: ~1~~l"- ' ~ ' ~ ~ _ This lnstrument Prepared By RiChard K. Kdyes y'- ~r_~_ x ~ First Federal Savings 8 loan Association -?;J ;,-j _ ,Jj J;, ~ ~ of Fort Pierce ~ Florida 0 R z44 t~~ , ~ : ~ Checked By BOOK pq t ~ - ~f1138 ' ~ - ~ - ' ~.~~.~JrrN~~t~4'~`' ~ _ ~ - _ - - ~ - _ - _ ~ ~ ~ ~ _ . _ ~