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HomeMy WebLinkAbout0980 3. To pl~ce and con~inuou~ly k~ep on the bui'd~n9~ now or here~(ta s~tuat~ on sa~d i~nd and on •II equipment and p~rion~lly cov~r~d by thi• mortq- p~, wi?h all premivms thereon pa~d in full. (~re in~ur~nc~ in ths ususl ftuxte~d polity fam, in ~ sum approved by 1M MOR(GAGEE. •~d winditwm iniur~nc~ i~ ~M uiual siandard po?~cy twm, in a ium spprov~d by tM MbRTGAGfE. In wch tomp~ny o~ tanpanit~ N~M MORTGAGEE may directp u?d all firs and wi~d~tom+ ~ns~r~.+ce pol~ue• on any of said buildinpl, any infen~/ the~ein or p~rt ther~o(. In tM ayy~eya~~ ~vm afa~said a In eac~a ~hereof, thall contain ~h~ usval ~tanda~d mat9apae cl~use w such o~htr clau~ ~t tM Matppe~ m~y r~q~'u~, maki~p tM lois undN sa~d poli~ ci~i, ~ach ~nd ~v~ry, p~yab~~ to ~sid MORTGAGEE as ~~s inrere~t m~y ~pp~a~. ~nd ~ach a~d ~ve.y such pol~cy ~hall b~ promp~ly ~as.9ned ~nd de~ive~sd to ~ny held by s~id MORiGAGEE as fur~her iecu~ity to H~d mortga9~ debt, and, ~ot I~u tM~ ttn (10) d~ys in advante o1 1F+~ •apir~tion oi each policy, fo d~- IivN to teid MORTGAGEE a r~n~wal therw(, top~tM~ with • receipt (o~ tM pr~mivrn o1 such renew~l; •nd ~hen ~hall b~ no fir~ o~ wi~dstam insuranc~ plac~d on a~y of said buildingf, sny int~r~~t IMr~in p p~~l th~reof, u~less i~ ~h~ fwm u+d with IF» los~ payable as ~fw~saidj and in tM ~v~nt any sw++ t of money becomes payable under wch policy or poGcies ~~id MORTGAGEE shall Mw the opGOn to receiw and spply ~hs sun~ on +ccounl of IM ind~btad~ ntss setured Mreby o~ to permit taid MORTGAGORS to receive and ~se il or •ny pa?1 therMl for othr~ purposes, w~~hout ths~eb/ waivi~~ or ~mpa~r- inq a~y pu~ty, IiM a r~ght under or by virtv~ of this mortye9e; and i~ the ~vcnt uid MORTGAGORS ~ha~l fo~ a~y r~awn fail to keep the said pnm~ses w iniv~ed, o~ f~il to deliva p~omptly ~ny of s~id polKies ot inivr~nc~ to s~~d MORTGAGEE, w(ail promptty ~o pay fully any p.~mium therefp p in ~~y r~~pact fsil ~o p~rform, d~scha~ge, •xecuts, e(f~c1, complets, comply with and ~bid~ by this cove~ant, a ~ny pa?t hereo(. t~id MCRTGAGEE may plau ~nd pay for ~uth imurants w any part tMreof without waivir+g a af(ectinp ~ny option, 1ien, eq~ity, o? ~iqh1 undsr w by vi?tu~ of this Mort~~y~, ~nd the ~ full amoun/ of tach and every avch payment ~hall b~ immedia~ely dw and pyable and ahail be+r i~~sresl from 1M dale the~eof until paid at tM rat~ of nine ptr ceM~m per arx?um ~nd together with ~uth interest shall b~ setured by fM li~n o1 thit mottyaQe. 1. To permit, tommit or i~fier no wsste, impsirmenl a deteriwation of iaid p~op~tty p ~ny part thereof. ~ 5. ?o pay ~II and sin9ulu tM co~ta, charpe~ ~nd expenus, includinq a re~~on~ble anwney't fes and cout of ~bstr~cts of title, incurnd w p~id at ' sny time by said MORTGAGfE, because w i~ the eveM of t!?e failure on the part of th~ taid MORTGAGOR to duly, prompdy ~nd fully p~rlwm, d~sthar9R execurs, efted, compk~e, comply wi+h and ab,de by each and every ~he stiputat~ons, agreeme~ts, conditions, and cov~nants oS sa~d promiisory not~ and thi~ mwrpa9a ~ny w eithsr, and sa~d cosu, cMrges ~nd expense~, e~ch and every, shall b~ immediately due •nd payabte: whetMr a not there be ~ot~ce dr m~nd, attemp~ to colkct or suit pend~ng; a~d ~he full a~noun~ of each and every wch p~ymen~ ihall bea~ inter~st from 1M dat~ the~eof vntil paid a1 tF+e rate o! nine per centum per an~~um; end all said costs, tharges and expenuf incurred o~ paid, together w~th suth inter~st, shall b~ stcured by the lien of thil mortysye. 6. That (e) in the event of a~y breach of ~his Mortgaye w default on ths part oi ths MORTGAGOR, or (b) in the evero ~~y of said s~ms of money herein referred 1o bs not prwnptly and fuUy paid within th~~ty (30) deys next ~fter ~he same severaliy become due and payable, witiwvl d~rrwnd w notite, or (c) in the event each and every the stipulations, ~yreeme~ts, conditions and covenants of sa:d promiswry not~ snd th~s mortp~ye any w eilhe~ ~re nW ' ~uly, promptly and fully performed, d~schargad, executed, effected, completed, complrcd w~th aod abided by, then in e~the~ w ~ny iuch ~v~nt 1M ~aid a¢ ~regate sum mentioned in said promisswy note then remaining unpaid, with interes~ ~ccrued, and all money~ secured hereby, shall betome dw and psy- able fwthwith, a rhereaiter, at the option of said MORTGAGEE, ai fu11y and completely ss it all 01 ~he said sums of mooty were wiginally st~pula~ed to be paid on such day, anything in sa:d promissay note or in this Mortgage to the comra?y notwi~huanding; and thereupon or therealtm at the option of ~aid MORTGAGEE, without not~ce or dernand, suit at lew w in equify, therefore w therealtcr begun, may be proiecuted u if ~II rtwneys secured hereby had matured pr~w to its institution. 7. TAst in the event that at the beginn~ng of o~ at any time pending sny wit ~pon this Mortgsge, w to fweclose it, w to refwm it, a to enforu payment oF eny claims hereunder, said'MOR~GAGEE shai~ apply to the Cour~ h~ving juriad+ttiotti thereot 1u the appoiNmtnt of a R~ceiver. such Ca??t th+ll lorthwith ~ppoint a receiver oF said mw~gaged property all snd singular, includ~ng all and ~ingul~r the income, profits, issue~ u+d reven~es from whatsvet wurce derived, each and every of wh~ch, it beinp expressly understood, is hereby mortgaged af if tpec+fically stt forth ~nd dewibed in 1M 9~~~tiny a~d habendvm tl~usei hereof, and s~ch Receiver ~hall h~ve all ~he broad and ei(ective funct~ons and powers in anywise entnnted br • Cwirt fo a Receiver, •nd such sppointment shall be made by such Court as an admitted equity snd a matter of absolute right to said MORTGAGEE, ~nd withart r~ference to the adequaq w inadequ+cy of the value of the property mongaged or to the so~vency a insotvency oi said MORTGAGOR or ~he dsfendann, and ~hat such renrs, profita, income, iuvea and revenuef shatl be applied by suth Receiver accord~ng to the lien or equity of said MORTGAGEE and the pradice of suth Court. 8. To duly, promptty and fully perfo.m, dlscharge, execute, effect, complete, comply with snd abide by each ~nd ~very the stipulations, agreements, conditions and covenants ~n :a~d promisso?y note and rhis mortgage set Iwth. _ 9. That in ~he event the ownership of the mortgaged premises;--a any part thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, its successors end ass~gns, may, without no~~ce to the MORTGAOR, deai with such s•.xcessor a successor ~n interest with refe~ente ~o this mo~tgage snd the debt hereby secured in the same manner as with Mortgago~ without in a~y way vitiating o~ el~uharging the Mwtgagors' li~bility Ix~e- under a upon the debt hereby xcured. No tale of the F~emius hereby mortgsged •nd ~o torbearance on the pan oi t1+e MORTGAGEE or ita succeisws or assgns and no extensio~? of the time for the paymen~ of the debt hereby secured given by tl~e MORTGAGEE o? its succeuors or auiyns, ~hall operaq ro release, dwcMr~e, modify change or at(ect the ariginal lisbility of the MORTGAGOR here~n, either in whob or in part. 10. It is specifically agreed that time is of the essence of this contrect and that no waive~ of any obligation hereunder or of the obliy~tion se- cvred hereby shall at any time thereafttr be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In addA~on to the iorego'ng monthly payments of princ'pal and iNerest required by the promiuory note secured hereby, mortgagw cove~ants - and agrees to pay to mortgagee with each mon~hly payrnent an sdd~reonal wm es~imaled by mortgagee to be equal to 1/12 of the annual cost of the follow- i ng: A-All real property taxes lev~cd w assessed agaiost the above desc~ibed real estate_ ~ B-Premi~ms on fire and windssor.n insurar.ce as here~n ?equ~red to be carried on the improvements situate on the above described premises. C-Premivms on such mortgage guaranty insurante as mo~tgagee sh.:il from time to time deem fit to tarry on the loan secured hereby. ~ Mortgagee shall from time to time noriFy mortgsgor ~n writ~ng of the amount due and payable herw~der and such sum shall thereupon be doe and Fayable on the due date of the neRt monthiy payment and each success~ve month thereafter unfil mortgagee shall ~otify mortgagor of a change in such amount. Such sums stiall be applied by mortgagee toward the payment of real property taaes, ~nsurance p?em~ums, a~d mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand snd xal the day a~d year irsf wesaid . Signed, Staled and delivered in the prexnce of: FILEO ANO RECOROEO ~ .q ST.LUCtE GOUNTtr F~~?- aul a u ~,n ROCER_POITRAS , - CIERK C~R~U~1 COURT ' ry ~~'t ~ RECOP.+J VEF.IFIED~ Dolores JaE ,ui. sean ~ . 7 STATE OF FLORIDA ~ ~ M ~ P I~ I O 16 AH' COUNTY Of St . L.UC 1 4? ^C~~~~ Paul ,7. Jac~uin Jv Befwe me penonally appeared and Do ] o r e s Ja c qu i n his wifc, to me well known and known to me to be the individuals described in and who execut tF~e fwegoing instrurpent, and acknowledged befwe me that they executed the same fw the pvrposes therein expressed. And the said DO`~1 o re s J ac qu ~ r wife of 1he ssid Paul J. ~aCCjU2l1 ~pon • sepa~ate aod priwt~ ~xamination by me taken sep~rate and apart from her wid husband, atknowledged ro and before me that she exetuted said instrumeM freely and votun- rarily a~d w~thout sny compuls"an, consnaint, apprehens~on, or fear of or from her said husband. ~ WITNESS my hand and official seal this ~U~ day of ` ~ A. D. 19~_ ~ ~c l r 7~-,~ - :~.c~.._ Notary Public in end for t State of Florida at larpe My Commission expires: ~U~~LISt 3~ ~ ~ 9~U Y Return To: ~ Fint Federal Savi ~ 3 loan Association . Of Fo t P~erte. ^ f l~ r r,jf R^' 'i ~ . Fort Pierce, Flo~ida . . . _ - _r~. ~ ~ : ~y ~ . ~ . •l C ` Y . ~ This Instrument Prepared By ~3r.y F. El l.vooci • _ , ' . ; . First Federal Savings b loan Association ' ~ ~ `L • • ~ ~ of Fort Pierce~ lorida '•1• ji;•=.t:..^i.: ; i~,~ n ~ Checked By E : ;1 ~A6E ~7~ . ~ ~ .