HomeMy WebLinkAbout0060 3. To place and continuously keep on the bui!dingi ~ow or hereafter situate on said land and on alI equip~nent and perso~ally covered by thi~ mo~lg~
ags, with a~l premiums thereon pa~d in full, fire insuran:e in the usua! staixiard policy lorm, in a fum sFproved by tM MORfGAGEE, and windstorm
inturanc~ in the ufua~ ,~a~da~d po~•cy fonn, in a aum approved by the MORTGAGEE. in tuch canpany or cwr+panies as the MORTGAGEE may
dirscr, and aIl fire and w~ndi~orm insurance pot~c~es on any o( sa~d build~ngi, eny intere~l therein o~ part ?hcreof, in the aggreg~te sum afaeta~d w
ir? ~xcesa 1he~eof, ahall contain Ihe usual sfandard mortgagee c~ause w suth olher tlause as the Mwtgagee may require, maAing Iha loss under said poir ,
cies, each and every, psyable to said MORTGAGEE as ~~s intereft may appear, and each and eve~y tvch policy ~ha11 be promplly ass g~ed and delrveretl ~o
sny held by said MORIGAGEE as (ur~her secu~ity to seid mo~tgage debt, and, not lefs than ten (10) dayi i^ •dvance of Ihe eapiration o1 each polity, to da~
livei fo said MORTGAGEE a renewal thercof, toge~he~ with a rece~pt for ~he premi~m of suth renewal; and thers ihatl be no f~re or windsto~m inturance
placed o~ any of sa~d buildings, any intcre~t therein w part thereof, unles~ in tM form and with th~ toss payable +s ~foresaid; ~nd in Ihe event any sum
of monef become~ payable under tuch policy or poGc~ee sa~d MORTGAGEE ahall have the opuon to receivr and apply the same on accovm of the indebted-
nets secured hereby o~ fo permit said MORTGAGORS to receive and use it a any pa~t ~hereot lor othe~ purpoies, v.ithout the.cbr. waiving or ~~npau-
iny any equiry, lie~ or right undrr w by virlue of this ~~crsgage; and in the evtnl said MORTGAGORS shall fw any reawn fai) fo keep the said p?emi~ef so
insu~ed, o~ fail to deliver promptly any of said polities of ~nsura~ce to said MORiGAGEE, or fuil promptly to pay fully any prcmium therelor or i~ a~y
reiped (ail ro pe~twm, discharge, execute, ef(ect, comptete, comply with and abide by this covenant, or any parl hareof, said MORTGAGEE may plate and
pay for s~ch in~urance or any part thereof without waiving a af(eUing any optio~, lien, gquity, or ~~ghr vnder or by vi~tue of thit Mwlgage, and tht
full amounl of each and eve•y such payment shall be im~nediately due and payable snd shall bear interest from the dafe thereof until paid at the tale ol
nine pe? centum per annum and to~ether with such interest shall be secured by the ~ien of thif mwtgage.
1. To permit, commit or ~uffer no waste, impairmen~ a deterioration of said properfy w any part thereof.
5. To pay all a~d singular the costs, charges and e:penxs, includi~g a reasonabfe at~orney's fee and costs of abstrocts of tit!e, incurred or paid at
eny time by said MORTGAG:E, because w in ~he evenl of the fa~lure on the pa~t of ~he said MORTGAGOR to d~ly, promptly and fully periam, discharge.
execute, effect, complete, comply w~th and ab~de by each sr+d every Ihe stipulanons, a~reements, ca+ditiona. and covenanfs of said promissory note and thii
matgage any ar ei~her, and sa~d costs, chargcs and expenses, each and every, shall be immediatrly due and payable; whether o~ not tlxre be notice do-
mand, attempt to colted or suir pe~d~ng; and the full amount of each and every such p~yment shall be~? interesf trom the date thercol until p~id +t the
rate of nino per centum per annum; and all said costs, charges and expenses inturred w paid, together w~th suth interest, shall be securtd by the lien of thi~
mwtgag~.
6. That (s) in the eve~t of any b~each of this :~ortgage o~ default on the parl of the MORTGAGOR, or (b) in the event eny of said sums of money
herein refe?~ed to be no~ promp~ly and fully paid within Ihirty (30) days nex~ after the same seve~atly become due and payable, without dema~d w ~?otice,
or (c) in the event each and every the stiputations, a9reements, cond~tions and covrnants of sa~d promissory no?e and th~s mortgage any a either are not
~uly, promp~ly and fu11y performed, d~scharged, exec~ted, eifected, completed, complied with and abided 5y, then in eilher w any svch event the aid a¢
gregate tum mentioned in said p~omissory note then remaining unpaid, wi?h interest accrued, and aIl money~ setured hereby, shall become due and pay-
eble for~hwith, w thereafter, ar the opr,on of said M02iGAGEE, as fully and completely as if all of thr said sums of money were onginaily il~pulated
ro be pa~d on such day, a~yth~ng in sa:d prom~sso?y note or in th~s Mortgage to the contrary notwi~hstanding; and thereupon w lhereaitet at the op~~on of
sa~d MORTGAGEE, without no~~ce or demand, suit at law w in equ~ty, therefore or therea(ter begun, may be prosecuted as if all moneys tecured hereby
had matured pr~or to its instituteon.
7. That in the event thaf at the beginning of w at any time pending any su~t upon this Mortgage, a to foreclose it, or to reform it, or to enforce
payment of any daims he~eunder, said MORTGAGEE shall apply to the Cour~ having jurisd~ction thereof fot the •ppointmenl of s Receiver, such Court shall
Forthwith appoint s receiver of said mortgaged property all and singular, includ:ng a~l and singul~r the income, pro(its, ifsues and revenues from whateve~
sou~ce derivcd, each and every of wh~ch, it being express~y unde?stood, is hereby mortgaged as if spec~ficatly set tath and desuibed in tFie granting and
habendum clauses hereof, and such Receiver shati have all fhe kxoad and ef(ecnve funct~uns and powers in anywise e~trusted by a Court fo s Receiver, and
such appointme~v shall be made by such Cour~ as an admitted equity and a maner of absolute r~ght to said MORTGAGEE, and wifhout teierence to the
adeqvacy or inadequacy of the value of the p?operty mw~gaged or to the soivency or ~nso~vency of said MORiGAGOR a the defendants, and that such
rems, profits, income, issues and revenues shall be applied by such Receiver accerd~ng to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To dv1y, promptly and fully perfo.m, discharge, execute, effecr, corr~lete, cwnply w~rh and abide by each and every the stipulations, agreements,
conditions and covenants in sa~d promissory note and this mortgage set fo~th.
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomea vested in s person other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, w~rhout nor~ce to ~he A50RTGAOR, deai w+th such successw a successor in interest with reference to thi~
mo~tgage ar.~ the debt hereby secured in the same manner as with lNortgagor withovf in any way viuating or d~stharging the Mortgagori liability here-
under or upon the debt hereby secured. No sate of the premixa hereby mwtgaged and no forbearance on the p~~t of Ihe tAORTGAGEE or its succeswrs
or assigns and no extens~on of the time for the paymer.t of the debt hereby secured given by the MORTGAGEE or iti successws or auigns, shall operate
to release, d~scharge, modify chsnge or affect tFx orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in pert.
10. It is speu(icatly agreed thar time is of thr essence of this contrad and that no waiver of a~y obligstion hereunder w of the obligation sr
cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tion to the forego:ng momhty payments of princ pal and interest required by the promissory nore secured hereby, mortgagor covenaots
and agrees to pay to mortgagee w~th each momhty paym.ent an add+cional sum estemated by mortgagee to be equal to 1/12 of the annual cost of the follow-
.
I A-All real property taxrs levied or assessed aqai~st the a6ove described real estate.
B-Premiums on fire and windstorm insurance as he~ei~ requ~red to be carried on the improvements situate on the above destribed premises.
i
j C-Premivms on such mortgage guaranty ir.sura~~ce as mo~tgagee shall from t~me to time deem fit to carry on the loan secured.hereby.
f Mortgagee sha!1 Srom time to t~me notify mortgagor en writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and
~ payable on the due date of the n~,ct monthly payment and each successive monrh thereaft~r ur.til mwtgagee shalt notify mortgagw of a clwnge in such
~ amount. S~th sums sF.afl 6e applied by mortgagee toward the payment of rea! property taxes, insura~ce prem:ums, and mortgage gua~anfy insurance
~ premiums.
IN WITNESS WHEREOF, the sa~d'MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ,
~ Signed, Sealed and delivered in the presence of: ,
f':.: rt yiX ~ A.
s 2 51 1.ti~:_ ~pitn~?S ~ta~ rTY lli a4
. _ c~ r~'s, ~ 1~ ora . Hi iard n
. - ' ~ _ rc..q
' 'b 1~ as ~M'~6- ,
STATE Of FLORIOA ~ - '
n!" .
COUNTY OF St. Iucie ~ t),~alE~,~ ,
eefwe m~ ~ u a ~e Lar'Ty N1I11aI~d . - , -
"°~'o'~aPPSa. ' ` ~ ~ =~a
hii wife, to me we]t' known ~net known to Ine~6 b~
the individvels dexribed in end who executed the fwegoi instr nt, acknowledged befwe me that they exeYuted the.sp(ne for the~ptuposes
rhe.ein expressed. And the sai COI'8 Hi~~ia~ -
wife of the uid rl'~/ Hi i8~' •'Vpofi a sep~?ate ind private
exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said ir?itaimenY freely end volum
~ rarily and withovt any compulsion, constraint, apprehensi n w fear of or from her said husband.
WITNE55 my hand and official ual this-~~ day of NOVAIDb@I' A. D. 19_.lu
~
~ No ry Public in and (w t State of Florida ~t larye
My Commisian expires:
Retur~ To:
Fint feder~l Savingt S loan Association ~
Of Fort P;erce. - . - -
~ Fort Pierce, florida i ~ t ~ t ~ • , . . , .
'dL1UEU IHkJU1JN MURi1~Kf - HUCK~Edi.!hY, 10..
This Instrument Prepared By ponald E. Hughes
First Federal Savings 8~ Loan Association '
, of Fort Pierce~ Florida
Checked By ~ r,+r:~