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HomeMy WebLinkAbout0168 To place and continuously lcep on ~Fk bu~,J~ngs now or hereafrer ?itu~te o~ said land and on all equ~pmcnt ~nd pasonally cove~ad by this mori~ p~, with ~II premiumt tf~ercon pa d+n lull, fire insurance in the uiusl stande~d po6cy form, in a tum epp~ov~d by Ih~ MORiGAGEE, and wind~torm ~~swanc~ In tM usuat iianda~d po:~cy fa~n, in a sum app~oved by tha MORTGAGEE, in ~uch company or tompan~at a tM MORiGAGEE may directj •nd all firs •nd w~nd~rorm imursnce poGcies on ~ny of sa~d build~ny~. any intere~~ ~hera~n or parl tMreo(, in tM p9~eya~~ wm aforeiaid a In ~xceas thereo(, shalf con~ai~ the'usual su~,dard ma~9aQes daus~ or such oiha cl~~p at 1h~ Mortya9e8 m~y requu~. makinp tM loss u~ ~a~d po1F cies, each ~nd ev~ry, payable to sa~d MORTGAGEE u its i~tere~~ ~nay ~ppear, and each and ~very tuch pol+cy ~h~ll b~ promptly s~s.9n~d ~~+d dtJivered to •ny hald by said MORiGAGEE as (ur~her ~ecurity to said mo~tgage debt, and, not less lhen te~ (101 dayt in advance of tM exair~tion o} e~ch polity, lo d~- ' IivN ro ~aid MORTGAGEE • renewal thereo(, toge~fiN with a rece~pl fw the prem~um ot ~uth ~enewal; and thar~ ~hall b~ ra firs w windator~n insur~nc~ ° pl~ted on any oi said buildings, sny intere~t Ihere'n o~ p~i? Ihercof, unles~ in rhe iorm and with tha loss payable as afaesaid; ~nd in th~ ~vtn1 ~ny tum - of mor~y beconui payable vnder such policy a pol~cies ~aiJ MORTGAGEE ahall Mve the option to ~ece~ve and apply the s~me on accoum of the indebted~ neu secured herebv a ~o oerm~t safd MORTGAGORS to receire and uat it a any part ~hereof for otner purposd, w~~hout thereb/ waivi~~g w~mpa'u- iry any equ~ry, lien w i~gh~ ~nder oc by virwe of th~s mo::9age; and in the event sa~d MORTGAGORS thall (w any reason fait to keep the sa~d premises w insured, a fail to de~~ver promp~ly any of wid pol~c~es of insuro~ue to sa~d MORTGAGEE, w fail promp~ly to pay fully any premium there(w p in ~ny resped fail to perform, d~scha.ge, execuee, effect, comptete, comply wirh snd abide by this covenant, o~ •ny part hereof, said MORTGAGEE may place and pay fw s~ch irourance or any p~rt ~hereof wi~hout waiving or aifecting any option, lien, equ~ty, or right unde~ a by virtue of this Matga9e, and the , full amovnt of each and every such payment ahall be immediately due and payable and shall bear interes~ from tM date thcreof until paid at ths rate ol - nine per centum per annum and togrther vvith such interest shall be secured by the ~ien of this mortpage. 1. To permit, commit or su(fer no waste, impairment a deterioration of sa~d property o~ any !aaA thereof. S. To pay all and :inyula~ the costs, cMrge~ +nd capenses, including a reasonable stto~ney't fee and costs of abstr~cts oi title, incurr~d o? paid at any time by sa~d MORTGAGEE, becaux o? in IF+e avcnt of the lailure on the pa~~ o( ~hs ~aid MORTGAGOR to duly, promptly and futly pKform, d~uharp0. execute, e(fect, comp~e~e, comply w~th and ab~de by each and every the stip~lat~ons, sgreements, cond~t~oru, and cove~ants o1 uid promiswry not~ and thii mortgags any or either, and sa:d costs, charges and expenses, each and every, shall be immcd~ately d~e and payable; whether a not there be no~ice ds mand, attempt to collec~ o~ suit pendmg; and the futl amount of eech and e~ery such paymen~ shall bea~ intere~t from the date thereof until paid +f the rate o? nu~e per centurn per annurn; and all sa~d cusrs, charges and ex~;a~ses incurred w paid, together wuh such intersst, ahall b~ utured by the liet? of thi~ mortyage. 6. That (a) in tht everit of any breach of this Matgage or deiaule on the part of the MORTGAGOR, or (b) in the evenf any of said svms of money hero:n referred to be not promptly and fufly paid wi~hin thirty (30) days next after the sar.x severolly become due and pay~ble, wi~hout demand or tw~ice, or (c) in the event each and every the slipulatiuns, agreements, tonditions and covenants ol sa:d promiswry note snd th~i mortysqe u~y o~ either are nol ~uly, promptly and iully per(ormed, d~scha~ged, executed, efteded, completed, complied with and abided by, then in eitF?er or ar~y such ev~nt 1h~ said gregate sum mentwned in said promisswy note then remaining unpaid, with intere:t accr~ed, and atl mo~ey~ secured hereby, shell betome due and pay- able forthwith, w thereaher, at :he op:eon of sjed MORTGAGEE, aa [ully and completely a~ i) a? of ihe sa~d aums of money were wyin~lly tGpuletzd ro be p++1d oo such day, anything in sa:d promissory note or in this Mortgage to the conVary notwi~hstanding; and thereupon or there+fter •1 Ihs op~ion of said MORTGAGEE, without not~ce or demand, suit at law w in equity, therefwe w Ihereafter begun, msy be prosecvted as if •II moneys setured htreby had matured pr~or to ~ts inst~tut~on_ 7. Tha~ i~ the event that at t~~e beginn~ng o1 or a~ any time pending any suit upon th:s Mortgsge, a to fweclose it, or to reform it, or to enforu payment of any ctaims hereunder, aaid MORTGAGEE ahal) apply to the Covrt having ju~~ad~c~ion thereot for the appointment of s Rxeiver, such Cou~t shall Forthwith appoint a re~eiver of said mwtga9ed prcperty all snd singulsr, (nclud~ng aIl and singular the irxome, profih. iuup and. ~evenues from whatever source derived. each snd every of which, it being expreas~y ~nde~stpod, is hereby mortgaged as +f speuhcally. iet forth and dttuib~d i~ tM 9raming and habendum clauses hereoi, and suth Receivet shall have atl the brosd aml effective funct,ons and powen in anywise enlrusted by a Co~rt to a Receiver, ~nd •uch appointment shall be made by such Court as an ad~~tted aquity and a matrer of absolute right to uid MOR~GAGEE, ~nd withoiit reference to th~ adequacy w inadequacy of the value of the proper~y mortyaged or to the solvency or ~nso~vency of said MORTGAGOR or the defenda~b, arx! that such ~ rents, profits, income, iuves and revenues shall be applied by such Receiver according to the iien or equity oi said MORTGAGEE ~nd the p?actice of such Court. 8. To duty, prompNy and fully perform, discharge, execute, effect, complete, comply with and abide by each ~nd every the stipulations, agreements, conditions and co~enants m sa~d promisaory note and th~s mortgage set forth. 9. That in the event the ownersh~p of the mortyayed pr~+~+ses, or any part thc:eof, becomes vester! in a penon other tfia:s sF.¢ !1lQRTGACaaR, tM MORTGAGEE, its auccessws and ass~gns, may, without nor~cc to the MORTGAOR, deal with such succeuw w succeasor in interesi with refrrence to this mortgage and the deb~ hereby secured in -the sams manner as w~th Mortgago~ w:thout in •~y way vitiatinp o? d~scbarging • ths Mortgsgors' liability hs}s unde~ pt upon the debt hereby srcured. No •~!e of tF'e pre4~~ses herabV ~~9a9~d and no fabearance on the part of the NIORTGAGEE w its succeups or assigru and no extcnsion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigru, ~hall operaq to rekase, dixharge, modify cha~ge or affect the orig~nal liab;l:ty of ihe MORTGAGOR here~n, either in whole or in part. 10. It is spec~fically ag~eed rhat time is of the essence of this contract and that no waiver of any ohliga+ion herevnder or of tM oblig~tion se- cured hereby ~hall at any time thereatter be held to bt a weivtr of the terms hereof a of the imtrum~nt setwed haby. I 1. In add.tio~ ~o rhe fwego ~~7 n+o~rh!y payment: of princ pal and interest reyuired by the p~om~ssary note secured hereby, mortgagor covenanb and agrees to pay to mo-tgagee ~with each momh~y pay:neM an adfl~r~onal sum estin;ated by mortgagee fo be equal to 1~12 of the annual tWt of the foilow- . . A-A~I real properr~ ta~es le•ned or assessed agaiast the abave described real estate. . 8-Prem~ums on Fire and windstorm inswance as here~n req~;red tobe~carried on the improrements sitwte on t1~e ebove dest?ibed premise~_ C-Prem~ums o~ such mortgage g~aranty ~nsura~,ce as mortgagee shall Irom t me to time deem fft to carry on the ban secured hereby. Mortgagee sfiail f.om t~m~ ro t~me nor~f,~ mortyagor in wr~tmg of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the ~,ext monthiy payment and each auctessive month thereafter u~nil mortgagee shalt notify mortgagor of a chan~e in wch E amount. Such wms sha:l be appiied by mortgagee toward the payment of rea! property ta:es, insurance ptem:ums, and mortgaye guaranty irtsurance i p~emiums. - ~ IN WITNESS Y/HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day a e~r first aforesaqd. ~ Sgned, and deliver in he preser~ts of: f~ ~ x' • ~ _ ~ ~ ~n - ,,ti ~,vk~ c~~i srr., s~~ a s to Ja~t~E~..~D~~~$ ~es P. St , ~ ST.LlIC1E Ct1JNTY FLA. a s to Mau ~ e~ ~ ~ ~+4 ~ • ~-~~~~t~'°"^' Maureme C. Stenhens ~ • RECOr~ YE('IFIED~ ~°'n a STATE Of FIORIDA Cq COUNTY OF $t . Lucie } ~ ~ a` " ' ~ Si ~l!)+r I L v ,Lyr..• ! Before me personally appearcd Maureene C. StE"Ll~leI1S ~ to me well known ~nd known to me to b~ 4 the individual desuibed in end who execu?ed the fuegoing inslrument, and ackiawledged before me that she executed t~e samt for tl+~ purposes therein expressed. ~ e ? t - _ • ti-^~ ~ ~ ' ' \ WITNESS my hand ~nd afficial seal this z. y day of ~ ~~1 J~1; L9~~ _ ~ , ' ~ jC,,~,iid,r~- ~ i ~ STA7E OF ~~s-~ c' C!' Notsry Public in and for tht Stu~ oF ' ~ f, l~r~ - ~ . J~ ~ SS. My Commiuioe ezpit~s: O •-~'~i COUNTY Of - ti~-~ 1 : . . ~ Beforc me perwnally ap ared Ja~@S p. St~fl~t8 ' . • - ~ residin9 at 7221 ~i. 84th Way Ant 1808 Azvada Colo. ' • ~ ~ Li~ wi4, to me wel) known arkf 1~nown to ms to b~ y ?he individwl desuibed in and who executed the fo~eyoing instrument, and acknowledged before me tMt he executed the -sam~ for tM p~rposea s = ~ therein exptessed. , :7 ~ ~ ~ WITNE55 my M~d end official seal thiL •=-l day of '~"~~JOs~ ' ~ ' •"19~ f ~ Th is instYV~ent prepared by -y . - - ~ ~ a T ~.t `-r. ~ • ' ~ `1 . ~O~AI'~i8 f Jr • _ Not~ry Public in ~nd fa t~ $jaN ~hfiend~31 L~r~- ~ ~ First Federa~ Sav~ngs and Loan Association My Commission ~x~?~.: ~ : i~ r ~ of Fort Pierce, Florida • ~ ~ ~ ~ o ~ Fint Federal Savingi b loan Associat~on 4~ Q~ ~ ~ •~r ~ Of iort P.erce. ~ a, ~ tl ~ . ~ t . ~ ; ~ ~ ~ 3 - : ~ ~ ~ Fort Picrce. Flonda FAGF 1~ ~ i . - ~ - - - ~ ~ . _ . - ~ _ r~~