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HomeMy WebLinkAbout0181 ~ 3. To place and con?inuouily keep on the bu:•d:n93 now a he~rafter situate on said ~end end on alt cquipment arxl pe~son~lly covered by tfiit matg- sgs, with all prcmiumi thereon pa;d in t~!1, E~~e ir.s~roncr in ~hr vwal s+andard policy foim, in a sum apprcved by tne MOR:GAGEE, end windslorm ~nsura~ce in tM usual stancla~d pot~cy form, in a sum approved by ~he A10RTGAGEE, in such company or companies ai th~ MORTGAGEE may direch and oll fire and w~nds~orm ins~:ance po~ic;es o~ any of se~d build~nys, any Imere~~ the~ein or p~n ~haeol, in tM agg~e9~te wm alaeuid or in ~xcess the~eof, shall contain ~he usual standard mo~ryegee cleuu a?~ch othe~ clause as the hlortflaqee may requ:r~, makiny the loss under sa~d poli~ c~es, each arxJ every. payab!e ro ie~d M,ORIGAGEE as ~rs intrrest m~y appoar, and each and eve~y iuch poi~cy ihall be promptlY ass qned and delive~ed ~o any held by sa~d htORfGAGEE ss (ur~her secur~ty to sa~d moreyage debt, and, nof less ~han ~en (10) dayi in advance o1 ~he azpir~t~on oi eech policy, to d~- live~ Io said MORTGAGEE a re~ewal thereof, toge~her wi~h • receipt for Ihe premium oi such renewal; and there shafl be no iire or wind~torm iniu~a~ce plsced on ~ny of said buildings, any i~terest the~e~n a parl thereof, unle3i in ~he form and w~th th~ tost p~yeble si atoretaid; and in the evenl any aum of money become~ payable u~xler such potiq w pol~uea said MORiGAGEE shall have tlx opt~on to receive and apply the ume o~ account oi the indebted- nes~ secured hereby or to permit said MORTGAGORS to receive and use it or any pa~~ thereol for otnrr yurposes, v.~thout th~.cof wa~v~,ig o~ nnpair- ing any eQu~ty, tien w righ~ unde~ or by virtue of this mor'gage; and in the event sa~d MORTGAGORS shstl {or any ~eawn fail lo keep the said premiies so insu?ed, or fail to deliver pror»ptly any of said poficies o1 in~wance to ssid MORTGAGEE, or Fa~t promptly to pay lully any pran~um therofw w in any respetl fail to periorm, d~scha~ge, execute, eiFecl, complcte, comply with and abida by ihi~ covenant, w any part hersof, said MORTGAGEE may place •~d pay fo~ suth iniuiance or any part thereof withoul vraiving or affecting any option, lien, equ~ty, o~ right under a by virW~ of this Mortg~ys, and tht full amount of cach end every such payment shall be ~mmedistely due and payable and shall baai interesi from ths date the~eof until pa~d st tM rat~ of nine per centum pet annvm and to~rihe~ with such inter~st shaii be secured by the lien oi thi~ mwtgage. 1. To permit, commit w sufier no waste, impairment w deterioration ot said properfy w any pa?1 lhereof. 5. To pay all and tingular Ihe :osta, charges and expensrs, including a reasonable attorney's (ee-and cos~s of ab~tracts o( tiste, incuned w paid at any time by said MORTGAGfE, bea~ci+e~ ar {n the event of fhe ta~lure on the part of the said MORTGAGpR to duty, promptly snd fu~ly perform, d~fchargs, r execute, e(fect, tomplete, comply w~th and ab:de by each and eve~y the stipvlanons, sgreements, conditions, and covenants of said promisiory note and thii n.or?gage any or ei~her, end sa~d costa, cha~ges and expenses, each and every, thall be immediately dus and paya6le; whether o~ not there be not~te da mand, attempl to tollect u suit pcnd~ng; and the futi amount of each and e~ery such paymeni shall be~r interest from 1M date thercof until paid at the i rare o~ nine per centu+n per annum; and aIl said costs, charges and exp.:nses incurred w paid, together wuh tuch interost, shall be secured by the lien of thif morigs9e. 6. That (s) in 1he event of any breach of this Mortgage or defauft un the part of the MORTGAGOR, or (b) in the event any of sa~d iumi of mo~ey F~erein reFerred to be not promptly and fully paid within ~h~+ty S30) days nex~ atter the same severalty become due and payabl~, withoul demand or notite, ar (c) in the event each and every the stiputatfons, ag.eemtnta, cond~tions and coveni+nts of sa~d prorn~sso~y note and th~s mortysye any or either ~re nol iuty, promptly and tulty performed, d~scharged, execured, effecred, c«npteted, complied with and ab~ded 5y, then in e~~her w any fuch event ths said a¢ ~ gregate sum mentioned in said prom~ssory nore tnen remain~ng unpa~d, with interezt accr~ed, and a!1 m~neys secured hereby, shall become due and pay- ab!e forthwith, or the~eafter, at the option of sa~d A10RTGAGEE, es tully and com~letely as if all oi ihe sa~d sums o( money were originally st~pulated re be pa~d oo such day, anythin~ in sa:d p.o:n~s:wy note or in this Mortgage to the contrary notwithstanding; and there~p~ w thereatter at t1ro option of sa~d MORTGAGEE, w~thout notice or derr,and, suit at law w in equuy, therefore or thereatte~ begun, may be prouwted as if all moneys secwed I~ereby { nad matured priw to ~ts ins~~tut~on. ; 7. That in tF~e event that at ~he beginning oi or at any rime pending a~y suit upon th~s Mo~rgage, or to foreclose it, w to reform it, w to enfo?ce . ~ paymeM of any daims hereunder, said MORTGAGEE shall apply to the Court having ~ur~sd:ttion thereof for t6e appointmenf OF a Receiver, such Court shall ~ forthwith appoint a receiver of said mortgaged proprrty all and singulsr, intlud~ng alf and singu~ar the income, profib, issues and reve~ues from whatever ~ tource derived, each and every of wh;ch, i~ be~ng expres3ly undensood, is kereby mongaged as if sprc~ficaily set fafh and described in the qraMinp and . habendum ciauses hereoi, and such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Reteiver, and s~ch appointment shall be made by such Court as an admifted equity and a malter of absolulr right to said HIORiGAGEE, and withouf ~eference to the ' .atiequacy w inadequacy of tF.e value of the prope~ty mortgaged or to the smvancy or inso~verxy o~ sa~d MORiGAGOR or the defendants, and ~hat •uch ~ renn, profits, income, issues and revenues shall be appiied by such Receiver acc~rd~ng to the Gen or equity of said MORTGAGEE and the practice of such Court. _ ~ 8. To duty, promptly a~d fulfy perform, diuharge, execute, eifect, complete, comply with and abide by each and every the stipuiatians, sgreements, ~ :onditrons and covenams ~n sa~d prornissory note and thia mor~gage set fwth. i 9. That in the event the ownership of the mortgaged prernises, or any part thercof, Ixcomes vested in a person other than the MORTGAGOR, the ~ h•.ORTGAGEE, its successors and a3s~gns, mav, witlsour norice to the MORiGAOR, deal w,ih such successa w successw in interest w~th referente to this { mo~rgage and the debt hereby secvred in tne same manner as with Mortgagor w~thoot in any way vitiating or d~xharg~ng the Mortgagon' liability here- ~~der or ~pon ~Fr_ debt he~eby secwed. No sa~e of !he Fremisee hereby mortgaged and no forbearan~e on the part of the MORiGAGEf o~ its successws cr assigns snd no eatens~on of the time for the payment ot the debt herety secured given by the MORTGAGEE or its suctessus w au~9~s, shall operate re reieass, d~stharge, modiFy change or a4fect the originai liability of the MQRiGAGOR herein, either in whole or in part. 10. It is speuFically aoreed that time is of tl~e essence af this contract and that no w~iver of any obligation hereunder or of the obligation sr cured hereby shali at any time thereafter be he:d to be a wa~ver of the serms herrof w of the instrument secured herby. 11. In add.n~~ to ~he forego ng n:onth'y payments oi princ pal and inre.esr ~equ~red by the prom~ssory nore secvred bereby, mortgagor covenants j~d agrees to pay ro morrgagee v.ith each monfh!y p~ynent an add:ri~.~al s~m est~mared b~ mo~rgagee to be equal to 1;`12 of ~he annual cos~ of the follow- ng~ ~ S A-Afl real property taxes levied or assessed ag3i•~,st thc above described real estate. B-Prem.~ums on fire and wmdstorm insvracce as nere~n requ~red to be carncd on the improvements situate on the above described ptemises. C-Premiun,s on s~th mortgage gua:anty ir.surar,ce as ~no~tgagee sha:~ fro~n t me to time deem fit to carry on the loan secured hereby_ ' Mortgagee sha!1 from fhne to rime nor~fy mu~tyagor ~n writ~ng of the amo~nt d~e a~d payabfe herevndar and sucfi sum shall thereupo~ be due and 'a ~+yable on the due date of the next monthiy payment and each successive mor.tb thereafter ur.til mortgagee shall notify mortgagor of a~nange ia such ^eunt. Such s~ms sha:l be appfi:d by mo~tgag•~e to.vard tne payment of real properry taxes, insurance prem:ums, a:~d mortgage guaranty insurante r ~emiums. 't IN WITNE55 WHEREOF, the said MORTGAG^vR has he~eunto set his hard and seal ihe day and year first aforeseid. : Signed, Seated nd ~lelive~ed in the eserce of: FILEII ,:tRDE~ • ~ ~ _ ~ c.t:~tJ i~~.~is-a ~ ST. ~U ~.`yCJU4~as iA_ ~ .,,~,v~ > t _ " - C! f ~K C'~~:'.Uf ~ C~URT (Sesry € c.^ ~ ~ ~ ~ ~ry ~ _ zz ~-~3 aH ~a s T Seaq ~ S~ATE OF fiORIDA ' R ~~UNTY OF St . LUC 1@ j ''~'r( ~ 34~2 . . ~ d Before me personally appea.ed lge2'1 B~.' . Slit ~ OT2 ~ ~ J08I', I,. .~'Ut t021 his w7fe, to me well kno~im and'known to me to be ~ - ~ rhe individuals described in and who executed the foregoing instrument, and acknow{edged before me that they executedd tM same for tFa purposes ~ therein expressed. And the sa~ci_ J08Z1 1,. ~.lttOTl = ~ N~ie of the said ~gene .SUt tOTl ypon a separate and privat~ ~.am~nation oy me taken uparate and apart from her sa~d husband, acknowledged to and before me that she executeci said irutrumenf freely and volun- ~ rar~ly and w~thout any compulseon, constraint, apprehens~on, or fear of or from her said husband. , ~7~, s WITNE55 my hand and offiual seal this_ a~<' f" day of A. 0. 19~= ~ . ~ _a.~ ~_S~ ~r j ~ ~i- ~ / .l.e~ 7~~ . - No?ary PubGc in and fo.,iFrc State of Fbr'ids at Larye = My Commisaion expires: ~ Return To: " ~ J first Federal Sa~ings S loan Associat~on 3 Of fort P rrca. Fort Pierce. Florida ''r'.: ~ This Instrument Prepared By .30t2n t,~T. ~ O i 1 in s ~ First Federal Savings & Loan Association of Fort Pierce, r loT'1da ~ thecked By ~ ; ~ . ~ ~ = n ~ ~A~ ~.5~. ~ ~y . - ~"A.3'h'R ~~~++~'J''~-`c F s~'-~~y~.Yd'£ ~x y,y ca. 4 ~ . =c. x~ ~x'~~."..: , _ :.-.`~-e?.~ ~