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HomeMy WebLinkAbout0220 J. To pl~c• •nd cont~nuouily ?e~p on tha bu~'d~nq~ now w hereal~s~ ~nue~e or s,~d la~,d a~d on at; cq,y:~nrlll e~,d ~.erson~iiy cove~cd by ihi~ mo~~g. ege, with •II premivm~ ~heteon pa.d m iull, !~ro intivn~tr m ths uswt f~t~w~lsrd poi~c~ ~Otm, ~n •~~~n spy~u.rJ t~~ ths MUk~:~AGEE, a~~d w~nJt~o~m ~nsur~nc~ in ~M utwl ~~anda.d pobcy lorm, m• wm app~oved by ~F~ MORTGAGEE. in wcA cw~~pany or w:,;;,an.es as ~he MORIVAGEE m+y duecr, ~~d ~U (i~~ and w~nd~~o~m in~uranc~ polk~e~ on a~~y o1 ss~d build~ng~. any inter~~t ihere~n or parl thrreot, ~n the •yg~eqste wr+ ~~orosa~d w in exteff tM~~ol, ~MII cont~in IM ufual ttandard ma~gsgee clsufa a suth othe~ dew~ th~ Maryeyes m~y ~equ~r~, maMinp tM ~oft under fa+d po~r c~ea, eacA ~nd every, p~Yabl• io u~d MORTGAGEE af ~1~ interr~~ may ~pp~ar, and each •nd evary auch po~~c~ shall tx prorr,p~ly +?t g~~rd a~d dr~~vered to eny held by u~d MOR(GAGEE st fu~the~ securi~y to sa~d mat9~9~ debt, and, oo~ lef~ than ten 1101 days in advsncr ot tha expi~at~on o( each poi~cy, ro d~- l~~~r to faid MORiGAGEE a r~newal thereof, ~o9etM~ wnh ~ ~ece~pt Fw the pronuum ol such re~~rwai; e:~d ii~e~• i~~.,li La ~~a i~re c~ w~ndi~O~m ir.s~ronce plsced on ~ny of ta~d building~, •ny inttreit tht~ein o~ p+~l ther~oi, unless in the (orm arxl w~th the ioss pa~abte as af~resa~d; an~ in Ihe evenl •ny fum of mon~y becomef payable under wch policy or poLcie~ said MORTGAGEE shall hive the op~~on ~o .eca~~a o~~J epp'y the sa:~~e on accouN o( the i~Klebtrd- nets tecw~d hereby ar 1o permit said MORTGRGORS 1o recrive and uss it a sny part thercof lor o:nrr i:u•; csr~. :..e~:~„t ih o~ .v.,~.~.,3 or uup..~r ~~g sny equ~ty, lie~ w r~ghr under a by v~r~w ol thi~ mo:~flayr, and in ~h~ •re~t ~a~d MORTGAGORS ~hall for a~y reaso~ la~l to keep ~he sa~d p?emi~e~ so ~ns~red, pr (ail to deliver ptomptly ~~y of said po~iciei o1 inW~ante to ta~d MOQTGAGEE, ot fa~: promptty to pay iu:ty any pre~mum Ihc~vfw o~ in a~y respect fail to perForm, dutha~ge, execu~s, •fiecl, comptete, tomply wirh and ab~de by th:s tovenan~, or any par~ htreof, sa~d MGRTGAGEE may p~ace a~A pey fw suth insuronce or any part thereo) without w~iving or aflettiop any option, iie+~, equ~ty, or r3ht under w b~ wr~ue of th~s Mortgage, and r~+e full amo~nt o) each and wery such payment thall be immediately due and payable and shall bear irterest from Ifia date thcreoF untN poid a? the ra~e ot ~~~e pe~ crntum pe~ annum ond to~r~hrr w~eh ~uch inreresr ~hall be aecured by the Gen oi ~hii mortgape. 1. To pamit, commit a sv(fer no wait~. impai~me~t a dete~aration of sa+d properry a•ny part thercof. 5. To pay all and firqulH ths costt, chuge~ and eapenses, including ~ reasonable a~torney i(ee and costs of a6stracts ot rit~e, incu~red o~ ya+d a~ any time by s~id MORTGAGEE, bscause d in the even~ ol ~he iailw~ on ~he parl of the aa~d MORiGAGOR to duly, p,o~+pHy and fully perform, d~scharge. execute, effect, compfete, comply w~th and ~b:de by each and evary ~he stipubuoni, agreemems, condino~~, and cc~enants o~ ta~d ~romissory note and Ihi~ :-.o~~gaye any or e~~her, and sa~d costs, cMrge~ ~nd eapenses, each •ndsevuy, shail be immed~a~ety dve and payab'e; whe~her or ~o~ there be no+~ce dr mand, ~ttempt to collec~ w suit pend~ng; and the full amoun~ of each •nd eve~y such payment ihaSi bea. inr~rei+ from ~he date thereof unr~l pa~d at ~he r,,ie of nine per centum per an~~um; and all s~id cosn, charges and expen?es incu~red o~ paid, together ~veh such in~eresl, ihall be secured by the Gen oi this mottgs9~. 6. TMt (a) in the event of eny br~ach of tAis Mo~tgsye w delault on the pa~t of the A40RTGAGOR, or ;b) in the evenr any of sa~d sums of money hrrein referred to bs not pranptly and fully paid w~~hin thnty (30) days next a~~er ~he same sere~atty bHCOme d~e and payable, wiitwut dcmand or notice, or (c) in 1F~e eveN each and every ths stipvla~ion~, agreameMS, conditions and covenants of sa.d promiswry note and tfi:s nwrtgagE any or e~the~ arc oa iuly, prpmptly ar+d fully perfo~med, d~uMrged, eactuted, effected, completed, compl~ed with and ah~ded 5y, then in e~ther w sny such event ~he sa~d ag- gregate sum mentaned in said promissory note then remaininy urtpa~d, witA imerest accrued, and ai1 moneys secu~ed hereby, shall become dw and pay- abie forthwith, or thereaRe?, at the option of said MORTGAGEE, as (ully ard complete~y aa i( all of the sa~d sums o( money were or~ginatly s~~pu:a~ed ~o be pa~d on such day, any~hing in sa.d p~om~sswy no~e or in this Mo.rgage to the contrary not~v~~h:iand~ng; and thr~e~pon or ~hereafte~ at ~he op~~on of sa:d MORTGAGEE, without nonce w demand, suit at law or in equity, therefore o~ thereafter beg~n, may be p~osec~ted as if all moneys secured he~eb~ nrd matured pnw lo its ~nst~tutwn. 7. That in the event thaf at ehe beginning of or at sny time pend~~g arty su~t upo~ th~s Mo~tgage, or to forectose i1, or to reform it, or to enforce payment ol any claims hercunder, said MORTGAGEE shall apply to the Cour~ having ju~~id:ction therrof for ~he apy~u~ntment of s Receiver, such Court shall fcrfhwith sppoiN a rece~ver of said mortgaged property aU and singular, inctudmg all and s~ng~Iar ~ne ~r,come, proi~ls, iswes ar.d revenues from whaTever seur~e de~ived, esch and every of which, it being expressly undersrood, ia hereby mon9aged as ~f spec~+~cai:y sN fonh and deuribed in the gromi~g and habendum clauses hereof, and such Reteiver shall have a~l the broad and Effecnve funct.ons a~d powers in anyw~se ent~usted by a Court to • Receiver, and s~ch appointment sAa11 be made by suth Cou~t as an admined equity +nd s matter of absoiute r~gM to sa~d MORIGAGEE, and w~tFwvt reference to the edequacy ot inadequaty o! the value of the property mortgaged or to the so:vrncy or inso~vency of seid MORiGAGGR or the delendanis, and that such ~ems, protits, income, issues arid revenues shall be appGed by such Receiver accord~~~g to the tien or equity ol said MORTGAGEE and Ihe prat~ice oF such Coun_ ~ ~ 8. To duly, prarsp~ly ~nd fully perform, discharge, execute, effect, comptete, comply w~th and abide by each and every the stiputations, agreement:, cond~Yans and covenants ~n sa~d promisso~y note and this mwtgage sN fo~th. 9. That in the event the ownership of the mortgsged p?emises, or any pa~t rhereoF, becomes vested in a pe~wn other than ~he MORTGAGOR, the h',ORTGAGEE, itf succeswrs and assigns, may, without notice to the MORTGAOR, deai with such successa or successor in interest wi~h reference to this rro•tgage a~d the debl hereby secured in the same manne~ as with Mortyagw without in a~y way vitiatinp or d~xharging the Mc~tgagori liabiiity herr ur,der w upon the debt hereby ucured. No sale of the pr~mises hereby mortgaged ar.d no lorbeara~xe on the par~ of ~he /dpRiGAGEE o~ its successws o~ ass~gns and no eatension of the t~me (or the payment of the debt hereby secured given by the MORTGAGEE o~ its successws w aaa~gns, shal! operate ro retease, d~scharfle, ~adify change or aF(ect the wiginal Iiability of the MORTGAGOR herein, either in whole or in pa~t. 10. It is specificatly sgreed ~hat time is oF the esscnce of this co~rract and that no waiver of any ob!~gat~on hereunder or of the oblgstion sr cured hereby shalt at any time thereafter be held fo be a waiver of the terms hereof w of the instrwnent secured herby. 11. In add~tio~ to the forego:ng monthly paymentt of princ"psl and imeres~ requ~red by the prom~s~ry ~o~e secvred hereby, mortgagor covenants and agrees to pay to mortgagee with each monrhly paymem an add~~ional sum estimated by mortgagee to be equa4 fo 1;12 of the annual coi~ of the follo~v- "y: A-AII real property taxes levied or assessed agai~st thc above described real estate. B-Premiums on fi~e and windstorm insuranct as herein req~~red to be carr~ed on tt~e improve~nents s:t~ate on th~ above described ptemises. C-Premiums on such mortg~ge guaranty insurar~ce as mongagee shall from t.me to time deem fit to carry on the ban secured he~eby. Mortgagee shall from time to tirPe notify matgagor in writ~ng of the amo~nt due and payable hereunde~ and such s~~n shatl thereupon be d~e and ;~,at; e on the due date of rhe ~+ext monthiy payment and each successive month thereaft~r ur.t;l mor!gagee shall notaf~ moregagor of a change in such _,,c~nr. $ucb sums sh.all be applied by mortgagee toward the paymeM of real property taxes, insurar.ce prem:ums, a~~d mortgage guaranty insurance , _ ~~umt. P N YJITNESS W~, rhe sa~d MORTGAGOR has hereu~to set his har.d arid seal the day end ~irsi ~d. ~ led nd de{Ner io he ~esence of: . ~ ~ . ` / _ ~ - f ILEO AND RECOROED arOYl e aq iT.IUC?E COUNIY F~A. e e ~aq ~ L~~,i 1~ t;'~(L:_ ^ i' IiOCfit DOITRAS RT ~ . r~ f RK .''.~RGUIT COU (Sesq ~~a~ftf0 r5esq ~ S~:.TE OF fLORIDA 3 SO PN'~~ ~ 3t. Lucie ~ ~~ur~rY oF ~ s~ra~ appesred ~gron Anne Monroe Page ~ . . . ~ - • to .~e'N..p. ~he individwl de:cribed in and who executed the foreyang instrument, and xknowledged before me that$fie executed.~he,.sarna ~Ds•~i.''~ therein e:prefsed. • • _ ~ ~ U : . ~ y~-~~ W17NESS my hand and official seal t{us day nf y-,, •~~ji- ~ t~ : Y - Vc • ' "Y Notary Pubtic in end ior the State of Flohds J lQp~~ My Commission eapires: , . ~ , . , • • ' Retvrn To: . ~ fint Feder~l Savings b loan Association T101!'y Pa~J~i:(, S;ate ol Florids et LarQt ot ~o.~ v;e«e. My C~mmi~v,~ E:pi?es Dec. 2). 19i0 fort Pierca Florida ~ ' ~ ~ss~: c. ~a, ! c~..w co.y~.• ~ ~ This Instrument Prepared By .TOYlYI Y. C0111A9 ; Ch ~ F~rst Federal Savings 8 loan Association of Fort Pierce Fort Pierce, Florida 33450 ~ ~~~ecked By S..k 600i(~~', PaCE ~ ~,x~ > : _ _ _ _ > _ ~