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HomeMy WebLinkAbout0809 3. To ptsc~ and con~inuou~ly keep on fhe bu~!d~ngi r,ow a he~eafier s~fua~e o~ sa~d ~and and o~ all eq:,~p~*~ero a~d pcrionally covered bY lhis morf¢ p~, witl~ all Qremiumf Ihereon pa~d i~ tull, (ire ins~~a~ece the usual standa~d policy (wm, in ~ sum approvtd by the MOit~GAGfE, and wind>>am inswance in the usus) ttandard po:~cy fam. in a ium app~oved bv 1~RiGAGEE, in tuch comp+ny o? compames ~ ~M MORTGAGEE may di~~ct; ~nd ~II firs snd w~ndsw~m insuranc~ poliues on :;iy of ~aid bvild~nys, ~ny inlere~l therein o~ paR thereOf, io ~Fw ~grep+~~ ium ~foresaid o~ In ~xcas ~hereo/, ~hall contai~ ~M usual standard morrgayee c~ause a such othe~ clauss ~f the Mor~ga~ee may requ~r~. makinp the los~ u~de? ta~d poli~ cies, e~ch and tvery, paYable to ~aid MORTGAGEE as ~ts interzsl may appear, a+~d each and wery such poGq shall be promptly •u gned ~nd detEVe~ed to ~ny Asld by sa~d MORTGAGEE ai (uriher tecurity ~o sa~d mo~~9age dcbt, and. ~wt leu than ten (t0) days in advance ot the ~xpir~tio~ of e~ch pol+cy, to d~- IivN fo said MORTGAGEE a~enew+l thereof, tope~her with s rece~pt for the pr~tm~um of tuch renewal; and there shall bs no fue w windstwm insu~+nc~ ptaad oa any ol u+d buildings. ~ny in~e~e~t thcr~in a par~ thereof, vnlesa in ~F+e fo.m and with th~ loss payab~e a~ •laauidr and in tM •vent ~ny ium of money becomes payable u~+der su:h policy a pol~cie~ wid MORTGAGEE shall have tM opt~on to receive and apply ths wme on aaount of the indebt~d- neu secu~~d F~treby w ho permit said NtORTGAGORS to rcceive and use il or any pmt tAereof fa orhe~ puraoses, .v~thout th_.cur wa~vi~ig o~ ~~7~Pe~~- ing iny equity, lien w righl under or by virtue of this mo~fgag~; ~nd in tha eve~~ sa~d MORiGAGORS shall for any re+son t~il to keep the s~id p~~m;ses so insu~ed, w(ail fo deliver promptly any of said po~rcies o( insur~nce to se~d MORTGAGEE, a(ail promprly• fo psy (uity any pre~n~um therefa or +~Y respect fail ro ps~fo~rr4 diiche.ge, execu+e, cffed, complr~e, comply v.~tl~ and ab~ds by th~~ cove~an~, p any part hereof, said MORTGAGEE may place u+d pay for such inwrance w a~y part the~eof w~rhout weivirg a afFectinp any opYwn, 1'an, eq~~ty, or ?ight vnder a by virtw of ~his Ma~gaps, and the /ull smounl of ~acfi ~nd every svch paymenl shall be ~mmediately due and payable and ~hall bear intcrest Irom ths d~ts thercof v~til paid a~ tM rate ol ~irw per centum per anrwm and roge~he. wi~h such :r.~r.es~ sha11 tx secured by the lien of th~i mortg+ge. 1, To pe~mit, commit or su(fer no waste, impairment or deteraration of said property w any paA thereof. S. To pay all and ~ingular the cos~s, charga ~nd expenses, iMluding a reasonable attaneyl fee and costs of abstracts of title, incurred o~ pa~d at sny time by said MORiGAGfE, beca~se or i~ ihe eve~t ot the failure on ~he psrt of ~he ss~d MORTGAGOR to duly, p~omptlY ~nd fully paform, d~scha?gs. execute, effecf, compkte, coi*+p~y w~th and ab:de by each and evay ~ha stipulaf~ons, ag~ecmeros, cw+d~tions. snd covenann of said promissory note and ~t~is mortgage any w eitlxr, and sa~d cosn, charges and expenses, cach and every. ~h+~~ be immediatcty dve a~d p~yabte; whether w ~ot there be oorice d~ mend, attempt to collect or suit pend~ng; and the (ull amoum of each and evcry s~?cfi paymen~ shal! bc~+ interes~ f~om ~he d+~e ~hercof until psid a1 ~he rate of nine per centom per annum; arw all said co:rs, cnarges ar.d expenses incurred w paid, together w~th ~uch interest, shall b~ secured by 1M lisn of tha rtwrtgage. Q ihat (a) in the event of a~y breach of this Mortgage w defavlt o~ tfie part of the MORTGAGOR, a(b) in 1fie evenT ~ny of u~d sw~+i of money herein referred to be not promptly and iutly paid wi~hin th~rty (30) days rxx~ after the same seve~ally become due ~nd payabts, ~vithout demsnd w notite, or in the event each snd every the stipulations, agreements, condifions and tovenanq of sa:d promiuory note and th:s mwtgage any w either are not iuly, promptty and fully performed. d~scharged, execured, effected, completed, complied w~fh and abided Sy. ~Ixn in either ot any such event tM ta~d sg yregste sum mentio~ed in taid promissory note then remaining unpaid, with intereat acuued, and a:l moneys secu~ed F~ereby, shall become dut and psy- able fa~hwith, w rhereafter, at the opuon of sa~d MORTGAGEE, as f~Sly and complNefy as if all oi ~he uid sums o4 money were a~ginally tt~pulated to be paid on s:xh day, aay~hing in sa~d prom~sswy note or in this Mortgage to the conrrary no~w~thstand~ng; and thercupon a the~eafter at the opt~on of said MORTGAGEE, witfiout no+ice or demand, :uit et !aw a in equity, therelo~e or thereairer begun, may be proxcuted ai-if all money secured hereby had matured priw to ~ts institutioo. 7. That in the eve~r rwer at the beginn;ng of o? at any.fime pend~ng any su~f upon this Matgsge, or to fweclose it, w to retwm it, or to enfwcs payment at any claims he.eunder, said MORTGAGEE sha11 apply to ~he Court having jur~sd~c~ion thereof tor the appointment of a Receiver, svch Cou?t shall Fwfhwith appoint a rete~ver oi said mortgaged property alt and singular, intlud~ng all and singular the icuome, prot~ts, isu?es and revenues from whstever source derived, each and every of wh;ch, ~t be~ng expressty understood, is hereby mortgaged as if spec~licalty xt fath and deuribed in the granting and habendum cfavses hereof, and such Rece~ver shatt have all the broad and ef(ective iunct:ons and powas in anywise ent~usted by a Court to a Receive?, and such appointment shatl be made by svch Gourt as an adm~rred equ~sy and a ma~~er of absolute right to said MORTGAGEE, and witFwut refe?ence ro the edequscy or in~dequacy of the value of ~he property mortgaged or to the sotventy w insowency of said MORTGAGOR a the defendanls, and that such rents, profin, income, issues and revenues ahail be appiied by such Receive? accwd~ng to tF,e lien or equity of sa+d MORiGAGEE and the ptattic~ of sucA Court. 8. To du1y, promplly and iully paform, discharg~, execute, effett, complete, comply with and abide by each and every, the itipulations, ~gretments, conditions and covenams in sa~d promisswy note and tnis mortgage set forth. 9. That in the event the ownership of the mortgaged p~emises, o. any part thereof, becomes vested i~ • pe~son other tha~ the MORTGAGOR, tha MORTGAGEE, ib wccessors and assigns, may, without ra~ice to the MORTGAOR, desl witR such successor w svttessa in intercst wi~h rcfcrcnce to 1F+is moregage and tlx debl hereby sccured in the ume manne~ as with Moregagw w~tt~ut in sny way vitiatinp or d~scharging 1FN Mortqagors' li~bitiry hera under a upon the debt hereby secured. No sale o~ the premises hereby mortgaged a~d no fabearance on the part of the MORTGAGEE w its successors or ass+gru and r+o extension of tfie ~ime for ~fie paymen? of 1he debt hereby secured given by tFie fAORIGAGEE or its successors or eu~gns, shall operate ro?elease, d~uAarge, madify change w affect the orig~nal liability of the MORiGAGOR here+n, either in whole or in part. . 10. It is specificafly agreed that time is of the easence of this contrac~ and thst no waiver of any ob~igation hereunder w of the obligation st cured heroby ahsli at ~ny iune thercaf~er be held to be a waiver of tFro terms he?eof w ot the instrument secured herby. !1. In add~teon to tfie fo~ego:ng monthty paymeMS of princ'pal and interest required by the promtssory note secu:ed hereby, mongagor corenaots and ag.ees to pay to mo~tgagee v~ith each monrhty payment an add~tional sum est~mared by mo?tgagee to be equsl to 1/12 of the annuat cast of the follow- ing: A-A11 re+t property ta:es lev~ed w asstssed agai~st the above desvibed real estate. - B-P~emiuR+s o~ fire and windstorm insv~a~ce as herein ~equ:red to be carried on the imp~overtKnts sitwte on the sbove desuibed premises_ C-Premiums on such mwtgage guaranty insurarce as.morlgagee shall from t~me to lime deem fit to carry on the ban secured here6y. Mortgagee shall f.om time to time notify mortgago~ in w?iting of the amount due and payable hc?eunder and such sum shall thereupon be due and Fayable on the due date of the ~ext month:y payment and erch succeuive montfi thereaf?er urtit martgagee shall not~fy mortgagor of a c!~ange in such amount. Such surns shail be applied.by mortgagre toward the payment of real property taxes, insurance p~em:ums, and morigage guaranty insurance , premiums. ' N WITNE55 WH fOF, the saed MORiGAGOR has hereunto set his hand and seal tfie day and year first aforesaid. d delive in t presence of: ~ ~ n n T • n 8 Z8 T6 a9 I ~i~i' i STATE OF FLORIDA • :jlf~~~ . V Sti. L11C~e } ~ , COUNTY OF ' "'f Everette Bazemore ~ ~ ~18 ~ d : = .~a ~ Befwe jpea IIY PP~ared ;-r i DQ f !t Z@D'IOI'8 his wiie, to ~"vMell lu+owin~rtd~iid?~n~to me to be the individuals desvibed in and who executed the faegang imtr~ment, end acknowledged betwe me that the~G ene~,~tied Hie tsn+s ~O?~~1he pwposes ~ the.ein expreased. And the ss~i Kathr3m Bazemore ~ D` ~ ~ ! wife of thc ssid V@2'@t'+t+6 B8ZBI4029 ' ~ ~p~ iv~t~ ~ e~aminafan by me take~ separate and apart fr«n her said husband, acknowledged to and be~ae me that sF?e ex '~~t ,a~d~volun- ~ rbri{y and witho~t any compulsion, constraint. +ppreFsensipn, or fear of or from her ssid husbsnd. ~~~14~i~11\1~~`. i+- ~ WITNE55 my hand and official xal this day of A. 19 l ' Nota Publ'K in d for the Sate of Flo+ida ~t lsrye My C rires: , Reture io: first Feder~l Savings 6 Loan Associ~tton ~ary pY~K, S~! 0~ , Of fort P~erce. ~r EX~~ ~ Fort Pierce, Flwida ~,.y w.~..~.. ~w ~ c~..~. co~~* - 35~42 - This Instrument Prepared By Robert A. Sxishe2'~ Jr. ' First Federal Savings ~ Loan Association i of Fort Pierce f}LEO AN;.' ~tEC~R~tO ~ i ' fT. `uC1E COUN Y ~ ~ Checked B ROCE~ ~O~TRAS Y CLERR Ci~GU1T C P.fc,CRt~ Y :R'clfD ~ I~ Z s~ PM'16 ' E~:+~r ~U~ : : OD•) • - I