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HomeMy WebLinkAbout2099 . 9. To pl~c~ ~nd continuwaly kesp on ~h~ buitd~ny~ now a hsreaf~K silu~r~ on ~~d IMd ~nd on dl puiprn~nt ~nd p~nonally tovK~d by thh mwty- ~p~, with ~II prtm+um~ the~eon pa~d in iuil, fir~ in~uranc~ i~ IM usua! ttandard policY fwm, in • sum ~pprowd by tM MORiGAGEE, and windttoren hsuranc~ in ~h~ uswl tund~~d poi;cy (am, in • s~m appror~d by ~M MORTGAGEE, in wch company w compani~a a~ ~M MORTGIIGEE nuy ~ dired~ and aQ lir~ ~nd wind~rorm in~uru+u polici~s on ~ny of iiid bvildieps, My inNr~fl IhN~in O? pirt tMrpf, in 1M pyrspat~ ~u+n aforswW a M? ~xttts 1Mrwf, shatl contain ~M vs~al standa~d ma~9aq~ claus~ a such o~Mr clau~ th~ :Aort~a9e~ may rpvir~, n+atinp ~M Iw~ ur~~ aNd poli~ ciss, each u~d ~v~rY, paYabb q s~id MORTGACaEE as i~s in~eresl may ~pp~a?. ~nd ~acA and ~wry avch policy ~hall b~ pranptly ~u:poed and d~liv~red to ~ny Mld by Nid MORTGAGEE u(vrtha~ ~ecvrity ~o u~d mort9ay~ deW. ~nd, nW Iqs th~e Na p0) days in +dwnc~ oi tM ~xpir~tion of each policy, 1o d? liw? ro s~id MORTGAGEE • rtnewal th~reof, toped+H wirh ~ rec~ipl fw tM pr~miwn of wch rsmw~l; and th~n shall b~ ~o f'u~ a wind~lorm inwra~c~ • plac~d on ~ny o1 ia~d bwld~s. ~~y intertat tl+Ntir~ w pa~t thtreof, unleu ie ~M fam snd with 1M los~ payabl~ as ~fatwidj ~nd in tl» ~wnt any swn of mon~y b«om~ payabt~ ~r?dtr such polky u polkas said MORTGAGEE ~Asll Mw ~M optan to receiv~ u?d ~pply tM sam~ on ~ccoue~ o( tM Indsbted- nsa s~cv«d Mr~by w to permit said MORTGAGORS to r~ceive snd uf~ it ot ~ny par~ ~h~reof fw other purpo~es, without thaebi waiv;~~p or anpair- 1np any p~ity, li~n or ri9ht under or by virtw of ~hn mortgag~j and in th~ went wid MpRTGAGORS shaH fw ~ny r~ason f~il to ke~p tM ~+id premises so •a' inwred, or feU b dtlivsr promptly ~ny of taid polici~s of inswu~c~ to a~id MORTGAGEE, a(sil promptly 1o pay fully any premium ther~fp p i~ any nspsc~ fail q p~fain, dnchary~. ~x~cur~. ~ffect. compNr~. oomply with and ~bid~ by this cownaM, w u~y psn her~of, ~aid N10RTGAGEE rruy p{~c~ end ~K paY fw ~uch lnwranc~ o~ ~ny pan thKwf without waivinp a ~ffacttnp uiy option, tisn, p~~ty, a riyht under o? by virtw of H..s Mwtype. ~nd the fuil amount of each ~nd evNy such paymem aMl) bs iem~edia~dy dw ++~d pyabb and it+all bear imereft from fh~ daM the~wf ~ntil p~id ~f th~ rat~ of ~irr p~r cM?tum psr ~nnum and togethe~ with iuch interesl fhall bt secured by ths lien of this mort~sp~. 4. To pNmlt, cornmif w suf(e~ ~o wuts. Impa'ume~t or detaior~tan of said prope.ty p ~ny p~n tfiersof. S. To pay ~II a~d urgular ~h~ co~ts, cMrpes and ~xpcnsas, ~ncludin~ a r~ason~bl~ attorn~y't fh and ao~ts of ~bstract~ of titl~, incwr~d w paid ~t ~ny tims by sa~d MOQTGAGEE, because or in the w~nt of the (silun on th~ part of Ih~ ssid AAORiGAGOR to duly, promptly ~nd fvlly pKfam, diichar~, ~xecuts, sffcd, complef~, comply wi~h and ~b~de by each and wery ths itipulat~oos, apreements, co~ditioru, and cownanb of said promiuory nor~ and this mortqap~ any w ather. and ~a~d cosss, cM.ges ~nd ~xpensss, cach snd every, shall b~ immediately dw snd payabl~; wl+~ther a not tMn be not~u dr mand, ~ttempt ro oollect or tuit pendirgj ~nd th~ full amovnt of ~ach ~nd wery wch paymsnt thall beu interost fran th~ dat~ IMreof until paid N tA~ rate oi nine per centum per ~n,eum; and all wid cos~s, charpea and expens~s incwred a paid. toyether with wch intatil, shall b~ ~rad by th~ li~n of this mor?pap~. . 6. Th~t (a) in tM svent of ~ny breuh of thit Mostp~e p default on th~ pan of the MpRTGAGOR, a(b) in th~ ~vent ~ny of said wens of mon~y hs~ein r~fer~~d 1o b~ not pranptly and fvlly paid within thirry (30) days ~exf after the same severslly become dw ~nd piy~W~, witho~rt dem~nd o~ notite, or In the ~ve~t each and ~very ths s~ipulations, ayre~~?.snts, conditioni a~?d cov~n~nts of sa:d promisswy note s~d th~~ mortpp~ any o~ ~ither ar~ nw luly, promptly u+d fully performad. dacharged, eaecuted, effected, com.pl*ted, canpli~d wi~h ud abided by, then in atMr w any s~?ch avsnt ~FN wid a~ yre9ate sum mentioned io said p~omissory note then remainin9 unpaid, with inMest ~ccrued. ~nd all moneys Mtured h~rebY. shall beeom~ dw and p~y. able forthwith, or thereafter, af fAe option of said MORTGAGEE, ~s tvlly ~nd compl~~ely as if all of rhe said wm~ of morky wtrt wipin~lly stipulated ro be paid on wch day, a~ything in sa:d prom~sswy note or in this Mortpaye to the conrrary natwi~hshnding; and tlxreupon o~ thereafiN a~ tM opuon of faid MORiGAGEE, without norKe or demsnd, suit at law w in pvity, therefore or lhereafta begun, may be prosec~ted a if all moneyt Hcvred hereby had m~turtd ptqr to i1s institutwn. 7. Th~t in fM event tfiat at the bxginning of or at any time pendiny any wit upon this Ntortpage, o~ to fweclos~ it, or to reform It, p to enfwp payment of any daims herevr?der, s~id MpRiGAGEE shall app{y to the Court Mvinp jurisd~ction thereof for the appoir.tment of s Receiver, ~~ch Co~A sMll Fwthwith appoint i receivei oi said mwtgayed property all and s6gulo, in~lud~ng all and singule~ the income, profits, iswes and r~venwa from whate~er wurc~ darived, each ~nd every of wh~ch, it being expressly understood, ii hereby matgaged as if spec:fically set for~h and dewibed in the y.~minp and habendum clauses hereof, and such Receiver iMll have all the broed and effect~ve f~nct~or?s and powcn in anywise entrusted br a Court to • Receiver, ~nd such sppoi~tment shall be made by such Court ss an admined equity ~nd a matt~t of absolute right to said MORTGAGEE, and withouf r~f~rcrxe to -fM adequscy or in~deqwq of the value of the property mortgaged or 1o the wlvency a insofvency of iaid MORTGAGOR p the defendants, and that such rents, profits, income, issues and rever?uei shall b~ ~pplied by tuch Receiver accaa~ng Io the lien w equity of s~id MORTGAGEE end the practic~ of suth Court. S. To duly. promPtFy and fully pertorm, dscharge, execuee, effect, comptete, comply wi~F~ and abede by each ~nd ~v~ry the atipulations, agnemeoti, conditions and covenanis in w~d promissory note and this mor~gsge set forth. 9. That in tha eveM the ovrrtership of the mortgaped premises, a any psrt thereof, becomes vested in • person otl~ than the MORTGAGOR, tFw MORTGAGEE, iq successors and auigns, may, without notice to t~.s MORTGAOR, deal with such succeuor a successor ;n interest wifh reterente to this mortgage and the debt hetsby tecur~d iw tht tsme ma~u+er as witt Allwtgagor without in any way vitiatinp d diuhuging the Nbrt9~gon' liabitity here~ under w upon the debr hereby.secured. No sale of the F.emixs hcreby mwty~qd and ra forbeuante on the put of th~ MORTGAGEE w in successon w ass~gns and no e:tens'wn oi the time fw the paymem of the debt here+~y secured piven by tAe MORTGAGEE a in sucoesson w iuiym, sh~ll op~rab ro release. d'~sdyr~. nwdifp change o~ sffect the oripcnal liabil~rr of ths M1pRTGAGOR ht~~in, ~itpet in whol~ a ln put. 10. h it ape6fK~lly agreed tl,st tir~ ts of th~ essnce of th~s contract ~nd thit no vrllwr of ~ny obliq~tbn Mt~undCr a of th~ obliy~tion se- . cvred hereby shall a1 any. tima thereafte? be held to be a waiver ot tM tarms hereof o~ of the lnstrvmeM secwed herby. , 'I1. In addnia~ W ihe fwego:ng monthly payments of princ"pal and interest reqvired by fhe promissory note secured hereby, morfyagor covenanfs and sgrees to pay to mortgager v~ith each monthiy payment an add~rional sum estims~ed by mortgagee to be equal fo 1/12 of the annual cost of the follow- ing: A-A8 real propcrty nxes kvied or asseued agai~st the abov~'desc~~lxd real esrate. . ~ B-Prerniums on fire and winds~wm insurar,ce as herein requ~red to be tarried on the improvements sit~ate on the above tkscribed premises, C-Premiums on such matyage gua.anty inwrarce as mortgaqce thall from time to time deem fit to urry pn tha loan secured hereby. Mortqsgee shatl from time to Gme notily mo~tgagw in w~iti~g of the amount due and payable herevnder and such sum ahall thereupon be due end paysMe on the due date of the nexr monthfy psyment and each successive month thereafter u~til mortgagee shall notify mortysgor of s cMrge in such artwunt. Such sums shail be apptied by mortgsgee toward the payment of real property taxes, insurance prem:ums, and mprtgaye guusnty inwrance - premiums. W NE55 WHE , th~ ui RTGAGOR has hereunto set his harx! ~nd sea) the day year fi?s: aforesaid. I~' i ~ i the presente of: I ~ Z[y : * h ~ ~ ftL£C t.M~ ._„LRyfO ~ • (S.aq fT.IU~~~ ;aittTY P~A~ Emma R. Sneed a widorn ^ ~ .c i TiOG: ' Fv:': R~S ~ CtEFx. ,...rfjli CCURT q ~E~:;.,~ :.f~ ~ STATE OF FLORIDA ~ 3 23 PH '15 " COUNTY OF $t 1-11C 1Q eefore me perwnslly ~~Med Eama R. Sneed, a widow a~~.B~Q~ - ~..~r to me well k~own a~d known io me ro b~ ths individwl described in and who sxecuted the foreyoing instrument, and acknowledged before me that ~he ~xecuted the sams fw ths pwposes therein expressed. ~ 9[~t]t'~~C WITNE55 my hand and official seal thii OC ! ~ . ~ ~y °f /1. 8'~.1~= 75 L - % • - . " . . . otsry Public n u~d iw tM Staf~rtpf F Retwn To: My Commiuion ~xpire~w:~ ~ ~ fint federa) Savingi 3 loan Assaciat~on w ~ Of Fort Pierce. 4 Mw ~~~~G. . Fut Pierte. Flwida ''~j ~t••-... ;t. . ~ ^ r,~= : This Inst~ument P~epared By John W. Collins First Federal Savings ~ Loan Association ' ~ of Fort Pierce , Rlorida EQ~K~~d f~E~ Z Q~ . Checked B . , ~ ~-,~`~~~,~-~a-~-.r--"-~4`~ ~ 3 - - . - - - ~ - - - ~ - . 1~~,k ~ ,,,~=Cy~~ ~ ,e ' _ . . . _ : aix' _ _ . .