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HomeMy WebLinkAbout0270 J. To pl~c~ ~nd continuo~sly ke~p on fhe bui:d~ng~ now a h~~eatte~ ~ituats or s~id land and on ~II equipment and per~onatly tovaed by lhis morl¢ ~g~, with ~II pt~mivms thereon pa~d in full, tire insurantt i~ ~hs vswl ~tand~rd policy form, i~ a sum tpp~oved by tM MOR~GAGEE, and wind~tam tnsur~op in tM uwal ~t~ndard po~~cy Fam, in a ~um ~ppro~~d by ~M MORIGAGEE, in ~uch compsny a companies ~s the MORTGAGEE may d~nc~; ~nd all f4~ +nd w~r+dslorm ~w~nt~ policiy on ~ny oF , ss~d buiid~nys. any intas~~ the.eM or pa.~ thereof, i~ tF~e a99rsyate ~um ~foresaid o~ t in ~xcess Ihqr~of, shall contaie IM uawl ~tandsrd matpsye~ claus~ a such o~her cl~use as Ih~ Mortpagee may requir~. makiop ti» lo~~ ~nd~+ se~d po1F cief, tacA and ~wry. paYabl~ ro ~ald MORTGAGEE q ita int~rcft maY +Pp~a~. and euh u+d ~very such pol~cy ahall M p~omp~ly au.qr?cd ~nd ds~ive+ed ~o any held by uid MORiGAGEE ~s furtl~ iecvrity ~o sak! mortqsy~ debt. +nd. not lea than ten (10) days i~ advance of the •xpira~~o~ of each pot~cy, to da - I~v~r to sa~d MORTGAGEE ~ ~enewsl tMrwl, tope~Fwr with • ~eceip~ fw the prernium of svch rerwwai; snd there shatl be no i~re w winditam insurante • plsc~d o~ ~ny of iaid bvildin~~, any interat there~n or part tMrcoi, unleu in ~ha fo~m ~nd w~~h tM 1ou payable ai afores~id; ~nd in tM avent any sum ' ~ of mon~y bscomes payable unde? such policy w policiei said MORTGAGEE ~hall have tha opt~on to receive and apply the ssme on account of ~he indebted i ness iecurtd htrtby o~ a pKmit s~id MORTGAGORS ro receive and uss it or any parl ~herco( for oti~rr purposrs, r•~~~hout th,rcb~ waivi>>g w unpair- l• ~ ing any pvity, li~n a right v~d~+ or b~r virtw of this mortyag~~ and i~ tM event s~id MORTGAGORS shall fw any reason fail to keep the taid premiset so ( ~nsured~ or fai! lo deliver pramptly any of said polKies of insurarxs ro srd MORTGAGEE, or fail prompdy to pay fuily any p~emium tht~e}w or in any , a ! respM iail ro patprh, diuF~ar9e, execute, ~}fect, compkta, comply witl~ u~d abids by this covenan~, a any parl hrreof, said MORTGAGEE may place and ~ pay fw sucl+ i~urancs w ~ny parl th~~eof without waiviny w affectinp ~ny op~ion, lien, sqv~ty, o~ r~yh~ under w by v'utw of thii Ma~~a9s, w~d the full amount of ~ach uid wtry tvth payment shall be inwnediately due and payabk •nd shall bea. intereit from ths date thereo( until paid at the rate ol n~ne pK csntum per annum and to9etlxv with s~ch interest shati be secured by the lien o1 ~Ais morrgape. * 1. To pKmi?, oomn~it a wffa no wait~. imp~irment w d~terioration of said property or any part thereof. ~ S. To pay all u~d ~inpul~r tFN cwts, cMrpas and expenses, includinp a reasonable sttwney's fee and costs of abstracts of title, incurred or paid st • ~ any time by said MORTGAGEE, beuus~ a In th~ ~vent ot the failur~ on ihe part of the said INORTGAGOR to duly, promptly and fully ~fam, d~xha~g~, E exrcut~, eifed, complete, tomply with. and ~b+d~ by each and avery the stipulations, agreeme~ts, condition~, and wvenaNS of ssid promiswry note and this } morryape any o~ e7~her, and sa~d coits, charges and expenses, each ~nd every, shall ba immed~ately dw and payable: whether w no~ ~here be notice de- i mand, sttempt to collect or sui~ p~nd~rg; u~d tha full amo~~t of exh and every such payme~t shall bea. interest from the dat~ thereof until paid at the rate of nine per centum ~v aruwm; and all said cosrs, charge~ and rxpw~sef inturred w paid, togethe~ w~lh such iNerest, ihall be tetured by the Iien of thi~ mort9~. 6. Tt?~t (a) in the evenl of ~ny bnach of this 1Nortp~pe w default on the pa~t of the MORTGAGOR, or (b? In the event any of said wms of mw~ey herein referred to be not p!ompNy and fully paid within Ihuty (30) days next after the same serera'ty become due ~nd p~yabk, withovl demand w notite, or (c) in the ewnt exh and every ths stipulations, sgreemenrs, cond~tions and covenanb of sa:d promissory note and fh~s morfgage any or either are no1 ~uly, promptly and fulty performed, d~schsrged, executed, eftecred, comptetefl, complied with snd abided by, then in either w any such svenl the said ag gregats wm mei+tiw~ed in said p~omissory not~ than remaining unpaid. with interest acaued. ~~+d all mo~+eys secvred hereby, shall becwne dw and pay- ac~e fwthwith, a thereafte~, at the option of ssid MORTGAGEE, as fully and completely as if atl of tlu said sums oS money wcre aiginatly s~ipulated to be paid on sucA dny, anything in said promissory note w in tha 1Nortgage to the contrary notwithstanding; and therEUpon or thereafter at the op~~on of said MORTGAGEE, without not~ce w demand, suit at law w in equity, tFKrefore or thereaiier begun, may be prosecuted ss if all moneys secured hereby i had matured prwr to ~ts institWion. 7. That in the eve~t Ihat at the beginning o~ w at any time pending any suit upon this Mo?tgage, or to foreclose it, w to refo~m it, or to enforce paymenf of any claims hereunder, sE~ MORTGAGEE shall apply to the Coun having jurisd~c~ion lhereof for the appointment of a Receiver, such Court shali Fo:thwith appoint ~ receive~ of uid mortgaged property aU and sirgular, includ~ng al~ and singutar the income, profits, issues and revenves from whatever source dsrired, each and every of whith, it beinp expreuly understood, is hereby mongaged as if. spec:fically set fwth and destribed 1n the 9ra~ting and habendum clavses hereof, snd suth Rcteiver shall Mve all the broad and e(fettive funct~ons and powers in ar.ywise emrusted by a Gourf fo a Receiver, and •~ch appointment shstl be made by such Court as an ~dmitted equity and a matter of absolute right to said MORTGAGEE, a~d wirhout reference to the adequscy ot inadequaty oi the value of the p~operty mwtgaged or to the soivency or insolvency of said MORTGAGJR' or the defendants, and that such renrs, profits, intome, iuues and reveoues shall be applied by ivch Receiver according to the lien or equity of said MORTGAGEE and ~he pnctice of such Court. 8. To duty, promptly and fully perform, dixharge, execute, eifect, compiete, comply witfi and abide by each and every the stiputations, agreements, conditio~s uid covtnams in sa~d promissory note and this mortgage set forth. ~ 9. That in the eveM the ownership of the mo?tgsged prcmixs, or any part thereof, becomes vested in a penon other than tF+e MORiGAGOR, the MORTGAGEE, iri successon and assiyns, may, wi~hout notece to Ihe MORTGAOR, deal with such succe:sor w successw in interesl with reference to thia mortgage and the debl hereby secured in the same manncr as with Mortgagw without in any~way vitiating p d~xharging the N~ortgagors' liabilitx herr under a upon the debt Ixreby iecured. No sate of ~he Fremises hereby mortgaged and no 7orbearance on the pan of ~he MpRiGAGEE or its successon or augns and no extension of the time fw the payment of the debt hereby aecured given by the MORTGAGEE w its successors or assig~s, shall op~rate ro releasr, dixhar~e, ~nodify change w af(ett tFx original liability of the AhORTGAGOR FKrein, either in whok w in part. i 10. It is specifica~ly agreed that time u of the esser~ce of ~his contract and that no waiver of any obt~gat~on hereunder w of the obligatio~ se- c~red hsreby shall at ~ny time ~hereafter be held fo be a waive~ of the terms he~eof a of the imtr~ment secvred herby. 11. In add~tion to the forego:ng monthly psyments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgsgee w~th each monthly payment an add~rional sum est~ma~ed by mortgagee ro be equal to 1 j 12 of tfie annual cost of the follow- t in~: A-All reaf prope.ty taxes kv~ed a assessed against the above desv~bed real estste. ~ i B-Premiums on fire and winds~wm insurance as here~n requ:red to be carrted on the ~mproveme~es s~tuate on the ebove described premises, ' ~ C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~rtx to time deem fit to tarry on the toan sec~red hereby. ; Mwtgagee shall fiom time to ~ime notify mortgaqo. in writ~ng of the amo„nt due and payabk hereundx and such sum shall thereupon be due and f Fayable on the due date of the next monthly payment and each successive month thereafter urtit mortgagee shall not~fy morfgagor of a change in such ~ ~^:ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insuracxe prem:ums, and mortgage guaranty ins~rance ` premiumt. E IN WITNESS 1NHEREOF, the said MORTGAGOR has Fxre~nto set his hand and seal the day and year first aforesaid. ~ Signed. Seakd a++d delivered in the pres~nte of: o _ 9 t~A.~?~~/ ~e~q - ~--Pa-rrr~-r flA. nr . s~ ~ i ~ .~~f ~ ~ _ Cl.EAK CIRCUIT COURT • (Seap ~ ~~r~..=.- ~t: aiF~EO~-~-- Eleanor' L: 'Parker ,s..n . , . STATE OF FIORIDA c~p 29 q n9 PN'~~ 'i ~ ' ~ v~SS. 'i•'~~.c ; ' 7--~'. couNn oF 3t _ Lucip ~ -~~s'; _~a,~~' $ Q " Conrad R. Parker . _ : Before me personally.sppeared f• a'' ~nd fileanor L. Parker ' ~ - ~ ~ bed in snd who exec~ted the for instrument, and acknow! his wife, to me W~tf: ~•;k~1ww ~6 tne to be I the individwb desc~i eyoing edged befwe me that thss ~x ~ the~pvrposes ~ Bleanor L. Parker % &~~.i~~ - ' rner~~n exp.etse~. A~f~ ihs fa~d r-- ~ w~re of the said ~ Con:'ad B. Pal~ er a•'~~~:?ate.~d priv.t• ~ exam~natiw~ by me taken sepa~ate and spaA from FKr said huibartd, ackriowledged ro and befwe me that she ezecufedr'sa~dvnsl~iflelN `[~eely and volu~- ~ ra~~ly and w~thout ~ny compulsion, cautraint, appreheroan, or feu of or from he~ said husband =rr~i~„~,ti~~~ WITNESS my hand u~d official .Ni ,w. 28th d~y oi Sept ember a o. ~9 ?7 i ~ ~ ~ Nata PubY in a iw the State of F{oiida ~t lsrye My Cortuniuion ~cpires: ~ Return Ta ' Fint Fede~al Sav~ngs 6 losn Aisociatan ' Of fort P~erce. . w~ i~ 4 Fwt Pierce. Florida ~ E~~~ ~Q 4 ~IwM~ b ~M fw ~ ~anrli ~~~M~I t ' ~ This Instrument Prepared By Gary H. Bllwood First Federal Savings 8 loan Association ~ - ~ of Fort Pierce i Fort Pierce, Florida 33450 ~ Checked By - ~ i5 ~ 2 ~ ; '~r~;~'~~~ ~ . _ ~ .