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HomeMy WebLinkAbout0190 3. To p~ece and continuously keep on Ihe bui!~inys now or heree{te~ ~it~ate on sa~d ~+nd and on all eau~prne~~ and pe~fonally tovtred by thit mo~fq- egs, with all premiums Iheroon pa.d in tull, (ire ins~ra~~ce ~o the ~sual atanderd poli~y iorm, in a wm spproved by ~he MORf'vAGEE, a~d wind~lorm ~nsu~~nc~ in iM usual ~tanda~d po~.cy lo~m, in a sum appioved by the MORiGAGEE, in svch company o? compan~ef af th~ MORTGAGEE m~y d~rectJ and alt fire and w~rxJs~orm insurance pol~ues on a~y of seid build~nys, any inleteat lherein O~ parf IhereOf, in the apyrcysee ~vm ~iassaid or in ~xcesa Ihtreot, ~hail cuntain the usual star:dard m~!gagce cla~se or suth othc+ dause as ths Mo~tQagee may requ~re, makinq ths lou v~x1e~ sa~d po1F des, each and every, payab~e ro said R~ORTGAGEE ss ~ts fnturast may appear, •nd each and every such policy ~hall be p~omp~ly a~s.gned e~~d delive~ed ~o ~ any held by said MORTGAGEE as further security to said morigage debt, snd. ~+ot lea~ ~han ten (10) deys in advance oi the expi~a~~on of each pol~cy, to d~- liver ro taid MORTGAGEE a renewal thercof, ~oge~her wi~h a rece~pt Iw the premium of ~uch renewat; and ~here shall be ra f~re or wi~,dsto~m insur~nc~ placed pn +ny of said buildi~gs, any +nterest there~n a p+rf thereof, unless i~ fhe form and with the lo~s payablc as ~~orosaid; and in the evenf any sum ; of money becomei payable unckr iuch policy a pol~cies seid MORiGAGEE shall have ths opt~on to rece~ve and spp?y ~he same on account of the indebted- ; ness secured heroby a to permit said MORTGAGORS to receive and usa if w any part thrreof fer othe~ purposrs, v.~~houl th>reo/ wa~ving o~ ~mpair- ing any equity, lien a right under or by virtue ot th~s mc:tgsge; and in ~he event sa~d MORTGAGORS shall fo~ ~ny reason fail to keep ths sa~d pramiscs so insured, p fail ro deliver promptly ~ny of said policies of in:ursnce to said MORTGAGEE, w fail promptly lo pay fully any premi~m Iherefw p in a~y respect fail ro perlwm, d~scharge, eaecute, effect, comptete, comply wi~h and ab~de by thu covenan~, w a~y par~ h~raof, said MORTGAGEE mey plsc~ •nd pay (w tuth insurante w any parl thereof w~thout waiving or affecting any option, licn, equity, or right unde~ o~ by virtw of this Matyage, and tht fu11 anwunt of each and every fuch paymem shall be immediately due and payable and shall bear iNerest from ths data thc~eof ~ntil paid ~t ti?~ raN ol ~ n~ne per centum pe~ annum and together with such interest shall be secured by the lien o( lhis mortgage. To permit, commil or sutfer no waste, impairmenl u deterioration of taid prope?ty o~ any part thereof. 5. To psy all and singuls? ?he costs, chargcs and eapenses, includ~ng a reasonsbte al~wney's fce and co:t• of abstratts of titte, incurrtd o? paid at eny time by safd MORiGAGEE, because or in the event of ~ha ia~lure on the part of the said MORTGAGOR to duly, promptly and fully patam, d~uhargs, execute, e~fect, complere, comply w~~h a~d ab:de by each and every the stipu~ations, agreements, conditions, end covenants of said promi:wry note and thif mwtgage any or ei~her, and sa~d cosn, charges and eapenses, cach and every, shall be immediately due and payable: whethcr p not there be notice de~ mand, attempt to cotlect or suit pend~ng; and ~he full amount of each and every such paymenf shall besr interest from the dats thereof u~til paid at the r,fe of nine per centum per annum; and all said costs, charges and expenses incurred o~ paid, togNher wnh such interest, shall be setured by the lien of fhi~ mOrtg~l. 6. Thst (a) in the event.bf a~~• breach of this Mortgage or defaulf on the part of the MORTGAGOR, w(b) in the event ~ny of said ium~ of money herein referred ?o be no~ prompt~y and lully paid wi~hin th~rty (30) days next atter the sama severslly become due and payable, without demu+d or nofice, or (c) in the event eech and eYery the st~puia~~ons, agreements, cond~fio~s and covenants of sa:d prom~ssory note and th~s mon9sge any a either are no1 = iuty, promptly and iully perfo~+l~ed, d.scharged, e,eecured, effected, compteted, compl~ed w~th and a6~ded 5y, then in either w any fuch avent t}~e ~id ~g i gregate sum mentioned in said prom~ssory nore then re~naining unpa~d, with interest accrued, and all mnneys secured hereby, shall become due snd pay- - ab!e (orthwith, or thereafter, at thr o~t~on of aeid ?AORTGAGEE, as fully a~d completely as if aIl of ~he said sums of money were aigin~lly tt~pulated ~ to be pa~d on such day, anything in sa;d prornfssory note or in this Matgage to the con~rary notwi~hs~and~ng; end ~hereupon or thereafter at the option of sa:d MORTGAGEE, without nof~ce o~ demand, suit a~ law w in equ~ty, theretore or thereafier begun, may be prosecutcd as if all moneys secured hereby nad mature.'1 pr~w 1o its institut~on. i i 7. That in the everTf that et rhe be9inn~ng of or at any time pending any suit upon this Mortgage, or to fwecSose it, or to reform it, or to enforts paymeM of any claims hereundrr, said MORTGAGEE shall apply to the Court hav;ng jwisdrction thereof tor the appo~Mment of ~ Receiver, iuch Court shall = Fo~thwith appoim a receFier of sa~d mortgaged property all and singular, includ:ng all and sing~lar tt~e income, prof~ts, issues and ~evenues from whatever ~ source derived, each and every of wh~cfi, it being expreuly understood, ie hereby mortgaged as if spec~ficaily set fonh and deuribed in the 9rantirtg and habendum ciavses hereof, and :uch Receiver shall have a11 the broad and effective (una,ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and ~ s.;ch appoimment shau t~e made by such Coure as an admitted equity and a ma~ter of a'tsot~te r~ght to said MORTGAGEE, and wittaut reference to tM * edeq~acy w inadeq~acy of the vatve of the property mo+~geged or fo the so~vency or ~rtsoirency of sa~d MORiGAGOR a the defendants, and that such ~ertrs, ~ro(its, income, hsues and revenues shall be appiied by such Receiver accord~ng ~o the tien or equity of said MORiGAGEE and the p~aUite of such - CouA. F 8. To du!y, promptl~ and fulty p~rform, discharge, execute, effect, complete, comply with and abide by each and every ihe ~tipulations, sg~eemenis, i conditions and covenants in sa~d promissory note and this mortgage set forth. z i 9. That in the eve~t the ow~ership of the mortgaged pren~~ses, or any pa~t thereof, becomes vested in a person other than the MORTGAGOk, fhe s :'ORTGAGEE, its wccessors and ass~gns, may, w~shout notrce to the ~10RTGAOR, deal w~th such zuccessor o~ successw in irterest with reiereoce to this m;e:fgage and the debt he~eby secvred in the same manne~ as xith Mortgagor w~thovt in any way vitiating Ot d~scharging the Mortyagori liabiiify hlro- S ~^der or upon the debt hereby secvred. fYo sale of tF~e ~ remises hereby mo~tgaged end no forbearon~e o~ the part o1 tAe N10RTGAGEE or its successors ' or assegns a~d no extensio~ of the time fo~ the payment of ~he debt hereby aecured given by the MORiGAGEE or its successors or au~gns, sMtl operate } ro re!ease, d~scharge, mod~fy thange or a~fect the original IPab;Gry o4 the IY~ORTGAGOR txrein, eithe~ in whole or in part. 10. It is speufically agreed that t~me is of ihe easence of this contract and that no waiver of any obligation hereunder a of the obligatan se- ~ cured hereby shall at any fime thereafter be held to be a waiver of ihe ierms hereot or of the instrument tecured herby. E 11. In add:~io~ to the foiego'n~ rnon+hty payments of pr~nc pa' and interest required by the promiswry no!e secured hereby, mortgagor covenanis a^d agrees ro pay to m.octgagee w~th each men+h!y pa;r.~ent an add:~~onai wm est~n:ated by mortgagee to be equal to l;' 12 of the annual cost of ihe follov~r- ~ i :,7. 4 ` A-All real property taxes levied o~ assess~d eyai~st the above described' real estote. ~ B-Prrm~u~ns on fire and windstorm ~nsu~acce as herr~n requ:r~d to be carried on the ~m~roveme~~s si~uate on the above dsscribed premises. ~ j C-Premiun•s on such mortgage g~aranry insurar.ce as mortgegee shal! from t~me to time deem fit to carry on the loan xtured hereby. Mortgagee shalt (rom time to ~ime ~~ot~fy mortgage~ ~n Nriting of the amount due and payabk hereunder and such su~ shall the~eupon be due and ~ i r~yable on the due clate of ihe next month'.y payrnent a~d each succeasive month thereaNer ur,til mortgagee sha!! notify mortgagor of a change in suth ' e•~ ount. Such sums staii be a ! ed 'o mo~i a-•e toward the a~r+ent of real ro rt taxes, insurarxe em:ums, a~~d mo~1 a e varant insurance t PP~ Y 99= PY• P Pe Y W 99 9 Y p•emiums. ' IN tNITNE55 :VHfREOF, the sa~d MORTGAGOR has hereunto set his h3r,d and seal the d r and year rst ~foresaid. € Signed, Sealed and de~ivered in the presence of: ; y n : ' ~il i,~o d t ~ ~ ~ ~ _ ~•n ~ ~ [ j.. ~ ~ .y~ ~:~"L iQ 11 .~@ • ~ a~ ~ ~,n i ~ - ~ SiAiE OF FLORIDA ~ ~ _ St Luc i e ~ ~ COUNTY OF • 1 • ~ Before me personaUy appeared ~j:.pQ~ ~ t.g~~ nn ~ ~ ~^~}'~.~e ~ '~o~~~ his wife, to me well knawn ~nd 1cr~wn to me to b~ ; ~ ?he individuals destribed in and who eae uc ted the fwegoing instrument, and acknowledged befwe me that they exetute~ the sarpe fw the putposes r ~ therein exprossrd. Md fhe said-(; ~ A t i ~ Cj P ~ rA 4 1 n 2'~ r ; z ~ ~,Ife of the said - vpwa~~s~p~rste a+d pivst~ ~ ~ e.am~nat~on by me saken separate and a~art rom her sa~d husband, ecknowiedged to and before me that she eaecuted said irar~~ ,fte~l~ and volur~ ~ .1' ' " ra-~ly and w~thout any compuls'an, constraint, apprehens;on, or fear of or frwn her said husband. -'f ~ : # WITNF,~SS my hand and official seat this__ ,,Sy~ ~'L day cf A. D. i9~ ~ ~ ; ~ ~ i . / , - ,crt . r • ~.C_. ~ ary Public in and (or State' of fbrid~ at lsrye ' My Comm~ssion expires: ~ : ,7 .7 i Return To: ~Z / / . ~ ~ Pirst Federal Savings 3 Loan Associaf~on Of Fort P er~e 3~02~s2 fort Pierce. F7o~~da y F=~^C 14~ oc,;URDE~ ! _ ST lli~t~ :,~}JNTY F~A. ; ~ .°.uG; ; ~ ~ITRAS - C~E*ti ,;~~~CWT CQURT This Instrument Prepared By ~ObeT'~ A. SwisheT', uT'. RF^'» ;_•;~;Fp~_ First Federal Savings & loan Association of Fort Pigrce ~ Fi^rida 11 v Q3 Afl ~~6 ~ Checked By 9Q~C_- ~ 3 s r ~ ~'r ~ ~ ~JrJ r~GF ~ _ ~ . - . ~.r~ . . _ . . . _ _ . . , -