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HomeMy WebLinkAbout0617 3. To plsc~ end continuously keep on ~he bu~!d~ng~ now a heraafler s~twte o~ sa~d la~d and on ~U equ~pmen~ ~nd pNSOna11y cov~rtd by thii mort~- aqe, with all prem~ums therron pa d~n lutl, tire insurancn m rhe uivsl standard po!icy form, in •~um ap~xoved by the MORIGAGEE, snd windslorm insuru~c~ in tha usual s~andard pol~ty lo~m, in a s~~~ approved by ~M ~RiGAGEE, i~ tuch tompany or companiK ~s tM MORiGAGEE may direct; and aU fi~~ and w~nd~torm insurance po:iues on eny o( sa~d b~rild~npt, any ime.st thereio or part Iher~of, in tM apqreput wm ~fweuid o~ in ~xce+s therrof, iha0 comam ~he uswl itandard mo~~gagN ciause w wch o~1w~ clavw as tM Mwtopn may requ~r~, makinp IM lo~i vndar ia~d poli~ cisi, a~ch ~nd ev~ry, paya~l~ to said MORTGAGEE a~ i~i in~erei~ may ~ppear, ~nd sach and ~very such policy ~hall b~ promptly aa.pn~ and dttive?ed to sny'held by said MORIGAGEE as (urther secur~ty to said mwtpage debi, and, no~ tess tnan ~en (10) days in advance of iM ~xpiration of each policy, ~o d~- . IrvM ~o is~d MORiGAGEE a renewsl ~hereof, topether with s rece~pt for the premi~m ot such renewal; and then sMll b~ no firs u windito~m insur~nc~ placsd on any of sa~d b~~ld~~gi, eny intr~est the+e~n w part ~herwf, unle~s in the fo~m and w~th tht los~ p:yable as a(a~uid; ard In ~M tvtnt any sum of mwNy bccomes paysble unde~ such policy u polKie~ :aid MORTGAGEE shall have ths op~~on to receive and apply 1M sam~ on account oi tM indebted- neu secured hsraby a ro pe+mit uid MORTGAGORS ~o rece~ve and use it a•ny part thereof ia orhe~ purposes, w~tFau~ ~IINE~i/ waivi~g a~mp+ir- in9 any equity, tien a r~ght ~nder or by virtue of ~his mo:t9age; end in ~hs evem ~a~d MORIGAGORS shall !a a~y reason tsil to ketp the said prtmi~es so insured, w fail to delive~ promptly sny of said pol~cies o) i~~ursn~e to faid MORiGAGEE, or fail promptly to pay fulty a~y pr~mium tlxrefo~ w in a~y ~ ~ respFct fa71 to pe~fwm, dlscharge, execurs, effect, con,ptete, comply wirh and abide by this covenant, a any part hereof, ssid MORTvAGEE may pl~ce and . pay fo~ ~such insu~ance or any parl thereof without waivir~ or atfectirq any option, lien, equity, w tight under o~ by virtw of thts Mort9a9e, and the full amount of each and every such payment shall be immedistely due and payabl~ ~nd shall bear intc~esl from ths d~te ~hereof u~til paid n tF~ rate ot . nine per centum per annum anJ to~~•ther with suth inrerest shali tx stcu~ed by 1M lien o( this mortg~ge. 1. To permit, tommit or sufier no waste, impairmem a deterioration of sa~d property w amr p~rt the~eof. 5. To pay all and ~ingular the coab, cha~ges s~J expensea, indvd~ng a reasonable attwney i fes and cost~ of absnscri of titk, incurr~d w paid at eny time by said MORTGAGEE, because or in the event of tl~e fai!ure on ~he part of the said MORiGAGOR 1o duly, promptly and fully p~tiwm, d~uha~~. exccute, eHect, complete, comply w~th and eb:de. by each a~+d every the stipufaf~a=.s, agreement~: :~1i~ions, and mvenan~i o( ~aid promiisory note a~d thq mo~t9age any or tithe?, +nd sa~d costs, charges and expenses, each and every, shall be imrt,ediately due and payabl~; whether or not thr~ b~ no~ice ds mand, attempt to coilcd a suit perxl~ng; and the futl amount o! each and every s~,ch payment shsll bear interest from ~he date thereol u~til paid H the rate of nine per cenwm p~r ann~:n; and alt uid costs, charges and eapenaes incurred or paid, together w~th tuch interei4 shall b~ ~etvred by 1Ae litn of this mortpags. G. That (s) in the event of any Meach oi ~his Mortgage o~ default on the part of rhe MORTGAGOR, or (b) in the ~vent sny oi satd svmi of mone~ herein reFe~red to be ~or promp?ly and fully paid ;~virhin th~.ty (3p) days next af~er the same uverally become due and payabte, wiihoul demand a notice, or (c) i~ tha event each and every ~he s~tpvlarions, agreements, cond~tiwu and covenants of sa~d promiuory note and th~s mwtgaQ~ sny a either are o01 ~uly, promptly and fully pe~(ormed, d~xharged, executed, ef(ected, compteted, complied wiih and ab~ded `ay, then in eifhe~ o~ any ~uch ev~M the s~id p~ gregate sum mentioned in said p~omisswy note then rema~ning unpa~d, w~th interest acaued, and ali moneys sctured he?eby, thall become dw and pay- eble tor~hwith, or thereaiter, at the opt~on of se~d MORiGAGEE, as fully and complefely aa ii all 01 the said sums of money were aiginatly i~ipulsted to be paid on ~uch day, anything in sa:d prom~ssory note or in this Mortgage to the co~Irary notwithetanding; and therevpon or thereafter ~t the op~~on of said MORTCaAGEE, w~rhout nonce w demand, suit at law w in equity, Iherefore or therea(ter begun, msy be prosecuted as if aU moneys s~cured hereby had maWrtd pnw to ds institut~on. 7. That in the eve~t that at tF~e beginn+ng of w at any t~.ne pending any s~~t upon this Matgage, a to fo?etlos~ it, w to refwm it, or to enforu paymem of any claims hereunder, sa~d MORTGAGfE shall apply to ~he Co~.t having jur~ad~c:~on thereo( for the ~ppo~ntment of a Receiver, such Court shall Forthwith sppoint s receiver of said m.o~tgaged properfy atl and singvla+, incl~d,ng a1t and singuiar the ir.come, profits, issues and rerenves irom whatever source de;ived, each aod every of wh~ch, 1t be~ng expre:sly understood, is hereby mortgaged as ~f speufically set fath aod desuibed in the yrantinp and habendum clauses hereof, and such Receiver shall have aIl ihe b~oad and effect~ve f~nu,or.s and powers in anywise enfrusted by a Court 1o a Recciver, and :u:h appointment ahall be made by svch Co~r~ as an a~mStted equ~ty ~nd a nwfter of absolute r~ght lo said MORTGAGEE, and witFwut r~ferente to ihe adequacy a inadequacy o( the vaiue of the property mongaged or to the ;o:vzncy or ~nsolvency o( said MOR~GAGOR p the defendants, and that such renq, profits, income, issues and revenues shatl be appiied by such Rece~ver acc~:.:;;:g to the lien w equity of said MORTGAGEE and the practice of suth Courf. 8. To duly, promptly and fufly perform, d~scharge, eaec~te, effcct, co~nplete, comply w~th and abide by each and ewry the stipulations, ~gre~ments, conditions and covenams m sa~d promissory note snd th;s mo~Igsge set fwth. 9. That in the evenf the ownersh~p of the mwtgaged premises, or any part tFxreof, becomes vested in s penon other thsn the MORTGAGOR, the h'.ORTGAGEE, its successors and ass~gm, may, without nonce to the MORTGApR, deal wirh such successw a wccessor ip iMerest with reiHCnce to this mo~tgage and the debt hereby secured in the same manner as with /Ao~tgagor w~thout in any way vit~ating a dixha~ging the Mortgagors' li~bility here- unde~ a upon the deb+ hereby secured. No saEe of ~he.premises her~by mortgaged and no forbearance on IAe pan of the IHORTGAGEE w iri successas or assigns and no eatens~on of ~he t~me for rhe paymem of tne debt hereby secured g~ven by the MORTGAGEE or its successori or auigns, ahall operats ro re~ease, d~scharge, modiFy change a aifect the oreg~nal I~ab~lity of the MORTGAGpR herein, either in whole w in part. 10. It is spec~fi:ally agreed that time is of the essence of this contrad ar.d that ~o waiver of any obligation hereunder or of the obligatan te- c~red hereby shali at any time ~hereaher be held to be a wa~ver.of ihe terms hereof or of the instrumeN secured herby. 11. In add:tio~ ro the forego nq mo~fh~y payrn~n~s of princ pal and interesl requ~red by the prom~ssory note sec~red hereb,r, mwtgagw covenants a~d agrees to pay to r.~o-tgaoee .tnh ea:h mo.,•h:y Nay~:,ent an add.rbnal s~m estimared by mortgagee to be equai to 1 j 12 of the annual cost of the follow- ing: A-All real properry tax ~s lev~ed or assess:~d ag3i~st. tFx abore desvibed real estate. B-Prem~ums on fue ard w~~:dsrorrn ~nauracce as nere,n requ~red to be carried on the ~mp~oveme~ts s~tuate on the above described premises. C-Pre+t,~ums o~ such morrgage 9~aranty mturdr.~e as mortgagee shall from t me to t~me deem fit to carry on !he loan securtd hereby. Mwtgagee sh;R f~cm r~.ne to ~~me nonf; m.or~yagcr ;n w.~t~ng ef the amount due and payable hereundrr and such sum shall thereupon be due and c.ayable on the due dare of rhe ;•e,cf r.,onthty payn,ent and each successive month the.eafte~ un~il mortgagee shall notify mortqagor of a change in such a•~.ount. Such sums sHa:i he app!ied by mortgagee towa-d !ke paymem of real property taxes, insv.ance prem:ums, and mortgage guaranty inwrance e~emiumS. • 4 IN Y~ITP~E55 :YHfREOF, the sa~d MORTGAGOR has hereunto xt his hard and seal the day ear iirst aforesaid_ i Signed, Seated and drlivered in the presence of: / ~ ~ ~ . F p ~E~' ~tlE! s4 ; - ~~~1~C;~"y~y~Y iLA. ona . orner ; _ Rtf6:F f61T~~6 ~ •0 , , , CtfRK~~FLUIIC~UR~ - ~Ii a e ~ orne y "~"n ~ _ L.. t{ ~ !~i~~~f^ vf~+~~~a ~..n . ~ S~ATE OF FLORIDA ~ S~Y fi couNnr of St. Lucie ~ 3~~20 ~ ~ Before me perwnally appeared DO2~1a1C~ E. Horner F.1~ ~abeth .Horner his wife, ro me well known and known to me fo be ~ rhe individuals described in and who executed the fwegoing instrument, and ack~owledged before me that they exetuted the same for the purposef q rherein exp~essed. And the said-._____F~~ ZFlb6 t~'1 ~i . Horner ~ ~ ~~fe of the ~~a _ _ Donald E~ Horner vpon • separate ~ed privst~ ~ etaminat~on by me taien upa.ate and apart irom her said husband, acknowiedged fo and before me that she executed said instrument ffeely and volur?~ ~ rarily and w~thout any comp~lsion, constraint, apprehens:on, w fear of w from her said husband. 3 WITNESS my hand and o4fi.;a1 seal tFus___ Z~~ day of_ JUT16 A. D. 191~ - ~ 3 • Notary Pubttc in and fo State of florida ~t l~rpe s ~ A1y Commission expire . / d • 3 O'~ ~ Return To: ' " First Federal Savin s 3 loan Associat!on . ~:~~r t 9 ' fr.l':j ~ • ~ ~ ._`t'.~ . . Qf Furt P-•:c_ ~ For1 P~rrce, ftord, ' , ; ' i' . , i ~ . ~ i ? ~~,•~•Y . . x This lnstrument Prepared By J. H. Roberts, JY'. ~ r~ ~ ~ ~ First Federal Savings & loan Association - • _ ' , ~ ' of Forf Pierce ~ Florida 33450 . ~ ~ • E'~:+ PAGi~ ..,r: - % ~ Checked By ' , ; - ~ . ~ X ' S ~ . ~ ~ D7 - _ _ ' _ ' ,f~ : ~ _.~~-:L >_~y.s,:..~...yG., . _ r . . . . . _ 'F~~