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HomeMy WebLinkAbout0560 3. To p~~c~ ~nd comi~uously keep on the bui!dinys a hero~ite? situ~N on t~id IuK! and on all puipm~nt ~nd pK~onally cov~r~d by this maf¢ with dl premiums therew? paid in full, fire insurance in ~he usua! sur+d~rd policy fotm, in a tum approv~d by th~ MORTGAGEE. ~nd windslorm iowranct In ~M uswl ~tanda~d pol~ty fwm, in • ~um ~pp~oYed by the NWRTGAGEE, in ~~ch company or tompanitt ~s tM MORTGAGEE may . d'u~dt ~nd all fa~ and winditorm inturancs policiet on aoy of s~id build~nps, ~ny iM~r~~t tMre+n w part thtr~of. in IM +yqnqa~~ ~wn ~fa~Nid w . ie ~zce~s Ihereof, ~MII confain tM usual ~?andard mortps9se ct~uN a ~uch othw clauw p tM MortpayN may rpuir~, makGp fM loss unJ~ sad po14 cies, each u+d ~vKy, p~yabls 1o s~id MORTGAGEE ~s iti imeresl may ~ppear, ~nd each and ~very tuch policy ~hall b~ prpnptly ~is•pn~d u~d d~fiw~ed to ~ +ny held by sa~d MORTGAGEE ai fur~be~ xcurity to wid matpaQ~ debt, ~nd, not leu ~Mn ten (10) d~yi i~ adva~c~ of tM ~api~~tion of ~~ch policy, to d~ IivN to uid MORTGAGEE ~ rerkwal thereof, togelhe~ wilh • receipt iw the pr~mium oi tuch ~~nswal; and IMr~ thall b~ no fu~ a windstam int~~+nu plxed on any o( uid buitd~ngi, +ny interef? Ihe~ein or pa~t thereof, unle~i i~ the fwm and w~tF~ tl» lou payabl~ u afa~Hid; u~d in tM ~v~nt any wm of mon~y becornss payable undN such policy a policie~ said MORTGAGEf ahall hav~ the option to raceive and ~pply ths sam~ on accounl of the i~deb~ad~ nsss secured hersby w to permit said MORTGAGORS to reteive and ~f~ it or eny pan thc~coi io~ other purposei, wi~hout tF~sreb/ waivinp w~mpain - inp any equ~ty, ~isn or right under a by virtue of lhis maty~9e; ~nd in the ~vent uid MORTGAGORS shalt fw ~~y r~ason fail to ketp the iaid prtmises so ` intured, o? fait to deliver promptly any of wid polities of insuronte to s~id MORTGAGEE, a fail prompely to p~y fully any prsmium thtrefw w in any ` respect fail to perfwm, d~uharge, execute, elfect, complets, compty with a++d ~bide by this cov~nam, a any part hereo/, said MORTGAGEE may pl+ce and ~ _ pay }w iuch in~urance w any part theraof withoul waivi~g a a((xtinp any optiwy lien, eqvity, ot right under w by virtw of this Mwtyape, and tht full ~mouM of each and every such payment shall be immediately dw and payabls and sfiall bear intetest from tFN dat~ thereof unti) paid at tFN raq o1 nine per centum per annum and to~eihe~ with suth interest shali be sacwed by 1l+~ lien of thi~ mortpage. I. To permft, tommit or su(fe~ no waste, impairmero o~ deteraration of said property or any part thereof. 5. To p~y ~II and s~ngulu the coits, cl+srges ~nd expsnses, including • reasonabk anwnsy's fse ~nd coits of abstracts of ti~~e, incun~d a p+id ~t eny tims by said MORTGAGfE, because or in the evcM of ths fsilure on the part of the uid AhORTGAGOR ro duly, prompUy u+d fuliy pNform, diuhu~ eaecute, effect, ~omple+e, compty w~th a~d ab~de by each ~nd every the stipulatans, ayreements, condi~ions, and ooven~~n of said promissory note and ~hi~ mortgaye sny a eithe~, and w~d costs, charges and expenses, each snd every, thall be immediately dw and psyablet whether w not tfiere bt notic~ dr msnd, ~ttempt to collect cr tuit pend~ng; and the tutl amount of each and every s~ch paymeM shall bear interest froen the date thereof until p~id at the rate of nine per crntum per an~~~rn; and all uid costt, charges and expensea incu~~et! or paid, topether with suth interesl, sh~ll b~ satured by tht IiM of thi~ morrpaye: 6. Thst (a) in the even~ of any breach of this lNortgage w default on the part of the MORTGAGOR, w(b) in ths event ~ny of ~aid s~ms of ma~ty herein refarred to be ~ot p~omptly and futly paid within thirty (30) days neat after the same teveratly become due and payabl~, without dem~nd or notite, w(c) in the event each u~d every the sf~pu~ations, ~greemenfs, cond~tions and covenants of u~d promiswry note and 1hi~ mortpap~ ~ny p e7the? ~re not iuly, promptly and (ully perfwmed. d~scha~ged. eaecuted. effccted. completad, complied with and abided by, th~n in eitha w any ivch ~wnt the uid p~ gregate wm mentioned in said promissory note then rcmaining unpsid, with interest accrucd, and all money secvred heteby, shall betome dw snd p~y- abte fathwith, w thereaiter, at fhe opt~on of said MORTGAGEE, as fufly and completely as if all of ~he said sums of money wer~ wpinally st~pulated to be pa~d on such day, anything in sa~d promiasory ~ote or in fhis Mortyage to the contrary notwithstanding; snd theTeupon o~ thereafter at tFa op~ion of said MORTGAGEE, without nor~ce oi demand, suit at law or in equity, therefore w thercaf~er begun, may be pro~etuted q if all ma~eys attured hereby had mat~red pr~w to its institufion. . 7. That in the event tha~ at the begin~ing of or at any ~ime pend~ng any s~it upon thia Mwtgsge, a ro faeclose it, o~ ro ~efam it, w to enfwce paymertt of any cla~ms hc~eunder, said MORTGAGEE shall apply to the Cou.f having jurisd~ct~on thereof fw tM ~ppointment of • Rateiver, suth Court il+~ll fo~thwifh appo~nt a receiver of said mortgaged property alt and singular, includ~ng aIl and singular the income, profits, issues and revenues f~om whstever wurce derived, each and evcry of whKh, it be~ng expressly understood, is hereby mortgaged as if tpeGficatfy set fath and dewibed in ~M yru~tinp ~nd habendum clauses herrof, and such Receiver ahall have all the Fxoad and effeuive funct.ons and powers in aoywiu entrusted by a Co~?t to a Receive~, and tucF~ appointment shall be made by such Cov~t as an admi~led equity and a rt+atter of absolute right to- said MORTGAGEE, a~d without reference fo fhe adequacy a inadequacy of the va(ve of the property mortgaged or to the so~vency or inaotvency o( ssid MORTGAGOR p the defendant~, and that such renrs, prof~n, income, issues snd revenues shall be applied by such Receiver accord~ng to the lim w equity of said MDRffalk9EE and tha prsctice ot such Court. ~ 8. To duly, promptly and iully perform, dscharqe, execute, effett, complete, comply with and abide by each and every fM stipuktions, agreemenri, condit~ons a~d cove~ams in sa~d promissay nou and ~his mortp~ge ast forth. 9. That in the eveN the owncrship of the moctgeged premises, a any part the~eof, betomes vest~d in • per~wi other fhan the MORTGAGOR, the MOR7GAGEE, iis successors and assigns, may, without notice to the MORTGAOR, deal with such succtssor p succeuw in interest with reference to this mor~gage and the debr hereby secured in the aame manner as w7th Mortgagor w~fhovt in •ny way 4if7stlnp w disth~rgi~g the JNort~agori liability here- under or upon the debt herebY seu+red- No t~te of th! prertiises hereby mwtgaged and rw forbearance on the part of the MpRTGAGEE w ib tuccesson or assigns and no extensan of the time for Ihe payment of the debt he~eby secured given by Ihe MORTGAGEE or its successora w sss~gns, shall operate ~o rclease, ducharge, modify change or affcct tbe origtnal Gabsi~ty of the MORTGAGOR he?ein, either in whole or in part. 10. !1 ii spe6fically ag+eed that time if of the essence of lhes contract and thaf no wsiver of any obliga!ion hereunder or of the obliyation s~ cured hereby shali at any time thereafter be held to be a wa~ver of the terms hereof or of the instrument tecured herby. 11. In aJd~t;on to the fwege'+x3 monthly payments of princ'pal artd interesf required by the promissory ~ore secured bereby, mortgsgor covensnts and agrees to pay to morigagee wnh each monfhiy E,ayr„ent an add~~ional sum est~mared by mptgagee to be equal to 1%12 ot the annual cost of the fotlow- ing: A-All real property ta,ces te~ned or assesied agai-ist the above desvibed real estata B-Prem~u~ns on (i~e and windstorm ~nsurar.ce as here~n requ~red to be carried on the imp~OVeme~ts situate on the ~bove deuribed.prdnises. C-Premiums on such mongnge guaranty insura.~ce as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby_ Mongagee sha~! from ti~ne to time not~fy mortgagor in writ~ng of the amou~t due and payable hereunder and such sum shall thereupon be due and I~ Fayable on the due dafe of the next month:y payment and each successive month therenfter urtil mortgagee shall notify mortgagw of a change in such amounr. $uch sums sF~ail be apptied by mwtgagee to«ard ti~e payment of reat property taxes, insurance prem:~mi, and mortgage guaranty inwrante j ~emivms_ - - ~ IN WITNESS 1VlHEREOF, the said MORTGAGOR has here~nto set his hand and seal tFx day and year first aforesaid. i Signed, Sea iver ' the p'?eser.ce of: . ~ , w'~~ ~ ~ ~ e ~ ~ ' ;i~-_ ~ •"'Li~ J eliue H. Sin uef e ,p ~ . L- - ,.=,T ~ a sinale adult ~s~n ~ ~ _ . _ ~ - - _~._•~.r~.. ~SeaO STATE OF FIORIDA l• ~ ~ ~ c~1fM! p 11 39 ~ ~~~_'~~9 ~ COUNN OF SL . WC le ~ -n~~ e ~ Before me ~.~~~ny appeared Jaequeline H Sinquefield a sinqle adult ~ ~ ~ ~ to me well krawn •nd known to me to b~ the individual dewibed in ~nd who executed t1~e fwegoiny instrurtxnt, and acknawfedged before me thst She executed the same for the purposes ~ lherein expreased. ~ z ~ i ~ WITNESS my hand and offic~al seal tfiis dsy of Nover~ber ~ p_ 19 75 ~ _ Notary blic in and iw the ,~tate of Horid~ at la~ - My miuion e:pires: ~ ~ ~ f~ y - Return To: ~ . 4 First federal Savings 3 loan Associat~on . . ? 3 OI Fort P:erce. c ; . ~ Fort Pierce. Florida . i~ / ~ ~ . ~ - ' 1 ~ ' 1 p ' " ' . ~ ~ • . This Instrument Pre ared B ~ - ` P Y John W. Collins _ ' ~ First Federal Savin s~ loan Asscciation r' _ ~ of Fort Pierce , Flosida B~P~~~~ J~(] ~ :~~;;•y ~ . F,1G; L7 ~`~.v fi :L`a ~ Checked By ~ . ~ ~ . ~ ~ ~ ~ x, a • ~ ~ ~ ~ . - - - - - . ~~~,-r.~~~~` .r~_.~ ~~r.., ~ ~ .