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HomeMy WebLinkAbout0447 3. To pl~c~ •nd conrinva,sly keep on ~he bvi!d~nOf now or Mreai?N situatt on ~aid tu~d ~nd on all equipm~nt ~nd pa~onally cova~d by thi~ morp~ i, p~, with all pr~n~iumi mn~eon p~~d cn full, I~ro ~~wr~nc~ ~n ~M uwal srsndard poGcy form, in ~ sum approwd by tM IMORTGAGEE, ~~d wind~tam j ie~ur~nc~ in th~ uswl ~rendard pol~cy (orm. in • sum approved by ~M MORTGAGEE, in such company a:anp~~ies a th~ MORTGACsEE may ~ d'u~ctj ~nd all fir~ a~d wlndsiorm inivr~nc~ potic~es on any of i~id buitd~nys, ~ny ieter~~t tF+Nein a p~rt ~Mrwf, M ~M apprp~?~ ~wn afw~~aid a i in eac~s~ ~hereof, ihall conrain ths uswl ~?anda.d mor~qpN ci~ut~ a such otF~ ciww ~s tiw Mat9ye~ maY nquu~. maUnp tM bu undN ~~~d poli~ cie~, ~ach and evay, payable ro said MORTGAtiEE ~s ~r~ imereit may ~pp~ar, ~nd ~~cl~ and ~v~ry ~uch polity ~MII b~ p?oenpNy ~ss.pn+d ~nd dNiv~?~d ~o •ny held by sud MORTGAGEE as }urihrr security fo s~id mwiyafle dsb~, u+d, not leu Ih~n tsn (IQ) days in adwnc~ oi th~ ~xpir~tion of ~ach policy, fo dr ; Uwr to said MORTGAGEE s rtnewal thereof, topttM~ with a receipl (o~ tM pr~mium o( tuth r~new~l; ~nd 1htt~ shall b~ no fi~~ or windslo~m inwr~nt~ 1 plsced on ~ny of said buitd;ny~, any imrreil ~here;n or par~ thereoi, unless in th~ form ~od wi+h ~M lou pay~bl~ as afw~saidj u?d in ~hs ~v~nt ~ny ~um ~ of mor»y becpm~s p~yabtt under such polky a polki~~ wid MORTGAGEE shall Mv~ tM opt~on to recerv~ and ~pply th~ iamt on account o( tM indebted- f ness secured lwreby or ~o perm~t said MORTGAGORS ro receiw u+d u~ it a•ny part ~Fxreof for oiher pv.po~~s,- wi~hout ~hreb/ waiving o~ wnpair- inp any equity, lien or ~~ghl unde~ w by vutue of thi~ ma:9aye; ~nd in tht went u~d MORiGAGORS iMll fw any r.ason f•it ro ke•p ~M s.~d pr.m~~ so ` insured, o~ fail ~o deG~er promp~ly any of sa~d pol~c~es o( insur~nc~ ~o ~~~d MURTGAGEE, a fail promptly to pay fu1~y ~ny pr~mivm ~he~~fw w in ~ny . re~pecf fail w perfo.m, d~schar9e, exccuts, elfect, complete, comply with and abid~ by this covtnanf, a ~ny part h+r~oi, taid MORTGAGEE may plaa ar+d paY (w auch insurancs w~~y part thereof w~thaut wa~viny a•f(ectinp any ep~ion, li~n, equity. o~ rqht unda~ a by virtw of thl~ Mwt9p~. ~nd the full amount of exh and every iuch payment shetl be immediately dw •nd p~yable and shall,~eu int~re~t from th~ dat~ thereo( u~til paid ~1 tM rat~ 01 ' nins per centum pe~ annum and together with such inter~st thali be sacured by the lien of this mor 9aye t 1. To ptrmit, commit a~uffer no wssts, impairment or deterioration of said prope?fy w~~y part tlxreof. 5. To pay al) and sinpula~ ths co~h, charyes and expenus, includinp a raaw~ubte anwney't fee ~nd costt of ebshscri oi fitl~, incurr~d q p~id ~t ~ny time by iaid MORTGAGEE, beceuse or in the ~vent of ~he iailuro on the pan of Ih~ taid MORTGAGOR ta duly, promptly a~+d fully ps~fwm, d~xhary~ executs, etfec~, completo, comply wrth and ab:de by each and every the stipulatwns, agreernents, conditions, ~nd covenants of ~aid p~omissory note and ~hi~ mwtp~ye arty o? ei~Mr, and sa~d costs, charge~ ~nd expenses. each and every. tMll b~ immediately due ~nd p~yablt: whetl+N or not tMr~ bt rarice dr man,~ attempl to collecf pr suit pend~ngj and ths full amount of e~ch and eve?y suth payment ~hall bcar interesl from IM date thereo} until p~id ~t tl+e ~ rate of nine per centum per snnvm; and aN said co~ts, charges and expenses incurrcd or paid, together wilh suth int~re~t, sMll b~ Ntvred by t1~ liee? of thif ~ mortgye. i 6. That in the evo~t oF any breach of this Mortgags or dafault on tM part o~ the MORTGAGOR, or (b) in the ~vent x~y of said sumt of rt~oewy herein referred to be not promptly and fu11y paid wirhin thirty i30) dsys next sfter the same ieveratly becomt due ~nd payable, without demand a notite, w(c) in tM event each and every Ihe atipulatloni, agreements, conditions and coveoants of sa~d promisao~y note and thia mortq~p~ any a eitMr ar~ nd ~uly. promptly a~d fully perfwmed, d~schsrged. ezecuted. ~fFected. compteted. complied with ~nd ~b~ded Sy. Ihen in eithet p any such ~wnt tM said ag y.egate ium memioned in said promissay note then remaining unpaid, with inrere3t acuved, and ali moneys ietwed her~by, ih+ll betan~ d~e ~nd pay~ ' eble fo?thwith, w rhereafte., at the opt;on of sa~d MORiGAGEE, ~s fully and complerely a~ if ell of the uid wms of mon~y wer~ wipinally st~pulafed to be pa~d on such day, anything in aa:d prom~asory note w in this Mo?tgage to the convary nmwithstsnding; and ~herevpon a thereahe. a~.~M op~~on of •afd MORTGAGEE, w~thout notke or demand, sui~ at taw a in eq~ity, therefore a thereairer begun, msy be prosecuted u M all mw~ey~ setui~d heetby had matured pnw to ~n instifution_ 7. That in the event ~hat at the beginninq of or at any time pending any suit upa~ ~hia Matgsge, or to foreclot~ it, a fo reform If, a ro eniwq payment of any claims hereunde~, uid t~IORTGAGEE sAsll ~pply to the Court hav~ng juriidKtion ~hereof iw ths ~ppointinenf of ~ Receiver, wch f.ourf sh~ll forthwith appoint a rece~ver of ~aid martgaged property al! snd singu~ar, includ~ng all and singui~r ~he incoms, p?ofits, issuK and rev~nue~ from whatsver source derived, each and rxry of wh~ch, i~ being expressly understood, i• hereby mor~g~ged as if specifkatly tet forth and dewibed in IM pr~ntinp ~nd habendum clauses hereof, and such Rcceiver sFull havt ?II the broad and effettive funU~ons and ppwers in anrvrise emnntsd by ~ CouM to • Receiver, ~nd such appoinfinent shetl be made by such Court as an admitted eq~ity arid a mat?er of ebsolute right to said MORTGAGEE, snd without reference to the ~ edequacy a inadequac~ of the value of the p.ope?ty rrwrtyaged or ro the wMency o~ insolvency of sald MORiGAGOR a 1F+e detendants, and ~hat iuch renes, profits, income, ~asues and revenws shall be applied by such ReceirN ~ccordin~ ro the {ien ot equity oi said MORTGAGEE and the practice of wch ' Court. ; 8. To duly, promptly and fully pcr(orm, discharge, exet~te, efFect, complete, comply wiih and abide by ach and ~vtry iM stip~latioru, ~y?eemeari, conditans and covenants ~n :a~d prom~ssay noee and th;s mortgage ut fw~h_ ~ 9. 7hat in the lvent the owr+enhip of the mortgaged premises, or sny part ihereof, becomes veste~ in a psrson othe? lhan the NIORTGAGOR, tl+~ MORTGAGEE, its. wccessors and iu~gns, may, wi~Fwut ~otice fo the MORTGApR, deal with such successor w wcceasor in interest with ?eference to thu mwtgage and the debt hereby secured in the ssme manner ~s with Moregagor without in any way vitiatinp w distharyirg the Mwtgagou' liabitity Mr~ ` u~der w upon the debt hcreby srcured. No sa!e of the premises he~eby mortgaged •nd no forbearance on ths pan of Ihs MORTGAGEE a 1h successw~ or ~ssigns and no exrens~on of the time fw the peyment of the debt hereby secured given by Ihe MORT(3AGEE or iti sucpssors ot assipns, sha1) operal~ ro release, d~scharge, modify change w affect the o.iginal liab~l~ty of fhe MORTGAGOR herein, either in whok ot in part, 10. It is speuiically agreed that time is of the esxnce of this tontrad and that no waiver of any oblig~tqn hereunder or pf 1M oblipation se- cured hereby sha11 at any tirne thereafte? be hefd lo be a waiver of the ferma hereoi or of the instrument secured herby. I1. In add~tion to the fw.ego:rv~ monthiy payments of prirsc'pal ar+d interest required by the promiuory note secured hereby, mottgagw covenants and agrees to.pay to morrgagea vvith esch ma~thly payrnent an addi~ana[ sum est~mued'by mortgagee to be eqwl to 1/1$ of ths annwl cosf of the fdlow- ing: i A-All real properry taxes lev~ed or auessed against the above descri5ed ~eal estate. B-Premiu~ns o~ fire and wtndstorm insurar.ce as here+n iequ~red to be carried on the improvtments situate on tI?o above desvibed premises, C-Premiums on such mwtgag'e guaranty insurance as morrgagee shall from t~me to time deem fit to carry on the ban setured fiereby. Mwtgagee shall from time to timr notify mortgagw in writ~wg of the amount due and payable hereunder snd such sum shall thereupon be due •nd Fayabie on the due ciatt of the riext monthly paym~nt and each successivo month thereafter until mprtgage~ shall notify mortgsgor of a ciianye in ~uch amount. $uch sums shatl be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, and mortgsye guaranty iniunnce ~ premiums. . IN (tNE 1Y REQF~~ TGAGpR has hereunto set his hand and seal ihe day and year fi?st sfwesaid. , I • n~d. S ; andf-del~ 1Fj~ presence of: I , . ~ ~ _ F ~ ~ • F :G-~~fD ' " Zlc~..! ~ ' ? S;`~•,~, tit~ f~~- A Kert LeRo Church I ' ~ • 't~S t ~ ~ ` - _ ~ " . . ~.,~_°T ~ Gail Church L--- r~ ~ ; E STATE OF FlORIDA J L~S ~ll , j couNn oF St. Lucie ~ r) ~ a~i~~~.~~.,~ i ~ Befwe me personally appeared Albert LeRoy Chuzch •nd ~ Gail Chureh his wife, to me well known snd known to me to b~ the indiiidvals deuriaed in and who executed the foregoing instwmeM, ~nd asfcnowledged before me that tMy exatvted the same for th~ pwposes [ Gail Church therein expressed. And the said w~~e of ths w~d Albert LeRoy Ch~urch vpon ~ sep~rate ~nd privat~ ~ examination by me taken separate and apart from her said husband, atknowledged to and befwe me that she exetuted said instrument freely and votuo- ' ranly and w~thout any compulaion, constraint, apprehens:on, or fesi of a irom her said Fwsband, t ' 1M1i1TNES5 my hand and officis! seal this Z~.~~__ dsy of Novesber 'JS f A. D. 19 Notsry Public in ~?d for tMe Sta f Florida at l~ry~ ~ Return To: My Commiuion expires: . . ~ O • ~ I • ~ fint Federsl Savings a loan Associat~on i Of Fort P~erce. t Fort Pierce, Florida , . • ~ ~ ; . . ' ~ , This Instrument Pre ared B Dona EC~!(~~1J PAGE 44fi ~--16f1G•~•'`-~.~ ~ P Y ld B. Huqhes _ s First Federal Savings b Loan ocia ~ n ~ _ : - of Fort Pierce ~ ~~~Y~~a 33450 , , . ' ~ ti c! 71O t•, ~ 9 , , _ Checked ey'~' . - -:;a,. -.:.:..••''~-l € - ~ ~;7~~3i1 • .~n•,~„~~~;` . . s ~ S ~ . . ~ . ~ ..a .~y . . - ' . _ _ ' . . . , _ , , .ys- . . - 4..~~-.~ .