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HomeMy WebLinkAbout2761 3. To pl.~ca and continuousiy keep on the bui!d~ngs now or hersa(ter •ir~ate on said land an~ on al~ equipmenl anJ porsonal{y cov.:red by this mertg• aga, with all premiums ~here~n pa~d in full, (ire inswanca in Iho usual standard poticy torm, ia e sum approved by Ihr htOR1GAGEE, and v~indstorm - ir.wrance in the usu~l standard pollty form, in a win approved by Ihe h10R1G~GEE, in ~uth company or corn~~anies as ~ha A50RTGAGEE may direct; and all fire and w~nds~orn insurance policies o~ any of said build~ngs, any inte~est therein o~ part the~eof, in Ihe a99regate su~n aforesaid or tn ezcess tha~eof, sha11 contain tha usual sta~~d~rd mortgagee clausa or such olher cla~se es the Mortgngeo may requ~ra, making the Iess undzr said puli- cies, each and every, payab!e to said ASQRTGAGEE as its intereit may appear, an~ Fach and every such polity shall bE promptly ass.g~~ed and dcliver~d so any held by said h10RfGAGEE as (urlher sza~rity to said mortpage debt, and, not Izss Ihan ten (10) days in adva~cc of the ezNiraUon a} each pof~cy, tu de• liver fo said A10RTGAGEE a ranewal the~eof, togethar with a receipt for the premium of s~ch renewal; and ~here shall be ~o fire or windtte~m insurance placed on any oi said 'ouildings, any interest Iherein or part lhereoF, unleis in the form and-~vith ?ke loss payab9e as a(ore~aid; and in the event any sum ' of money becomes payable under such policy or polities said MORTGAGEE shall have the option to reteive and apply the same on atcounl of the indebled- , ~ ness secured hereby or Io permit uid h50RTGAG045 to receive and usa it orany part thereot ior othc~ purposes, .villiout th,rcor wai~i~~g cr ~ri~pair• t . ing any eq~ity, lie~ or right unde~ or by virtue of this marlgage; and in tFe event said A10RTGAGORS shall tor any reason !ai! to keep 1he sa~d premisas so ~ insured, or iail to detiver promptly any of said policies of insurance to said h10RTCAGEE, or fail promplly to pay futfy any premium ~h~refor or in any - raepecl fall to perform, discha:gc, execute, effed, comptete, comply wirh and abide by this covenant, ur any part hereoi, said MORTGAGEE may place and ' a(or such insvrance or an art thereof without_ waivin or a((ectin an o tion, lien, e ~it er ri ht under or b virtue oF this hlort a ~ and the ~ P Y Y P 9 9 Y P 9' Y. 9 Y 9 9', full amovnt of each and every such payment shall ba immediately due and payable and shall bear interesi from iha date thercof until paid ..r the rate ol nine per cenrum per annum and tn~ethe: ~vith such interest sha~l be secured by the lien of this mortgac~e. A: To perrnit, commit or suf(er no waste, impairment or deterioration o( said property ot any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable atlorney's fee and costs of abstrects of titte, incurred or paid at i any ~ime by said h10RiGAGfE, bi:cai~se or in tha event of the failure on Ihe pzrt of the said MORTGAGOR to duly, promplly and fully per(orm, d~scharge, ~ i exetute, eifet?, tomplele, tomply with and ab,de by eath and eyery Iha stipulations, agreements, tonditions, and tovenants of said promissory note .~nd this ~ mortgage .~ny or eiiher, and, said costs, charges and expenses, each and every, ~hall be immediately due and payablr; whether or not th::re be notica d: mand, attempt to collecl or suit pending; and the tull amount of each and every such payment shall bear interest irom the date thereof until paid a1 the ; rate of nine pzr centum per annum; anc'. all said costs, charges and expenses incurred or paid, Iogether with such interest, ~hall be setured by the lie~ of this ~ mortgage. ~ i 6. That (a) in the evenl of any breach of this hlortgage or default on the parf of the NORTGAGOR, or (b) in th~ event any of sa:d :vms of money i herein refe~red to be not promptly and f~lly paid ~vithin th'uty (3~) djys next aft~r the 3ame severatly become due and payable, without demand or notice, ~ or in the event each and every tha stipulations, agreements, cond~tions and co~enams of sn~d premissory iiote and th~s mortgage any or either are not , - ~uly, promp~ly and fully per(ormed, d~scharged, executed, effeUed, completed, complied ~vith and abided tiy, then in either or any s~ch event the said ag• ; gregate sum mentioned in said promi;sory note then remaining unpa~d, with interest accrued, and atl moneys secured hereby, shatl become due and pay ~ able forth~vi~h, or thereafter, at the op;~on of said h10R1GAGEE, as full~r and completely as if all of ~he said sums of money we~e a~ginally st~putated } lo be pa~d on svch day, anything in s:: promissory note or in this Mortgage to the contrary notwithstanding; a~d thereupon o: thereaiter at the option of - ~ said h'IORTGAGEE, without notice or dema~d, svit at law or in equity, thare(ore or therea(ter begun, may be Qrosecuted as if all ~~oneys secured hereby _ had matured prror to its institution. ~ 7. That in the event that at the^beginning of or at any time pending any s~~it upon this Morlgage, or to foreclose il, or to reform ' o? to c~force i payment o( any claims hereunder, said MORTGAGEE shall apply lo the Cour1 having jurisdidion Ihereol for the rppointment o( a Receive such Courl sha~l ? Forthwith appoiM a receiver oF said mortgaged property all and singular, includ~ng all ar.d singular the inccme, profits, issues and reven es (ror»-whatever ~ source derived, each and every of wh~ch, it bei~g expressly unders"tood, is hereby morigaged as if speufically set forth and deacribed the granting and ~ habendum dauses hereof, and such Receiver shall have aIl the broad and effeuive funU~ons and powers in anyw7a~ entrLSted by a tour to a Recziver, and such appointment shall be made by such Court as an admitted rquity and a matter oi dbsolute right to said MORTGAGEE, and withou refererxe to the adequacy or inadeqvacy of the value of the p:operry mortgaged or to the nolvency or insolvency of said MORiGAGOR or the defenda ts, er.~ ehat such rents, profits, income, issues and revenues shall 6e applicd 6y such Receiver accord~ng to the lien or equity of said MORTGAGEE and th practice of such ~ Co~rL . 8. To dufy, promptly and fully perform, discharge, execate, effect, complete, comply w;th and aoide 6y each and every the stiputations, agreemeMS, ~ conditions and covertants ~n sa:d promissory ~ote and this mortgage set forrh. ' 9. That in the evenl !he ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the i h10RTGAGEE, its iuccessors and assigns, may, witho~l notice to !he MORTGAQR, deal with su~h successor or successor in interest with reference to thls } mortgage and the debt hereby secured in the same manner as with Alortgagor withow in any way vitia!ing or d~scharginy the 1~lortgagori liability here- - ~ under or upon the debt hereby secured. No~sale of the premises hereby mortgaged and no forbearance on the part of thz lAORTGAGEE or its successors or assigns and r.o extension of the tim~ far the payment of the debf here6y secured given by the h104TGAGEE or its successors or assigns, ahall operate F to ~elease, d~scharge, modify change or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in pari. ~ _ ~ 10. It is speufically agrerd that time is of the essence of this contrau and that no waiver of any obligation hereunder or of the obligation se- • ? cured hereby shall at any time thereafter be he:d to be a waiver of the terms hereof or of tha instrument secured herby. ~ 1 t. In add;tio? to the f~rego:ng monthly payments of princ'pal and interest required by the promissory note s~tured hereby, mortgagor covenants # and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the tollow- , ing: i i A-All real property taxes levied or assessed agair~st thc above descri5nd rea! estate. S , - 8-Pren,iums on {ire and windsrorm insurance as herein requ:red to be carried on the ~mprovements sil~ate on the above dfscribed premises. ~ ' C-Premiums on such morfgage guaranty ir.surance as mortgagee shatl from t~me to time deem fit to carry on the loan secured hereby. ~ Alortgagee shati from t~me to time notify mortgagor in writ]ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the next mo~thty payment and each svccessive month thereafter ur.til mortgagee shall notify ~nortgagor of a change in such ~ amount_ Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~zd morfgage guaranty insurance • i premiums. - - ~ { IN Y~ITNESS ~VHEREOF, the sa~d MORTGAGOR has hereunto set his hand and saal the day and year first aforesa~d. ~ ~ Signed, Sealed and deliver in the presance . ~ S . 4 ' 7 n...~ # fi:.Ev:.~t•:-~,.u:t~]ft) ~ Seal) Witness - ST.!'3Gi; .",SUtlttf fi~A John A teo, J. - ~ { f:i7~t - - RA$ (Seal) t t ~i~K} ~L-ti:3 i.DU • (Seap ~ Witness- r~~~?'' ,•z`~'~~_C Lillian bi. Atteo i . t5eaq SiATE OF FlCllt}thAy~ ~ - ss. ~i~ ~ 38 ~~'~5 ~ - - COUNTY OF ~ ~AC~V+/L~ - $ Before rne personallv appeared John f~ttPO ~ Jr. ~ and ~ P, . Li 11 ian Atteo his wife, to me we~i knovm and known to me to be ~ the individ~ais described in and who exe:uted the` foregoing instrument, and acknowtedged before me that they exewted the same for the purposes ~ therein expressed. And tFe said Lillian ~1. t~tt~0 ~ . ~ wife of the said John ~tt20~ Jr . - , vpon a separate and private ~ examination by me taken separate and apart from her said husband, acknowtedged to and before me that she exetvted said instru:nent freely and voturr ~ tarily and without any compvlsion, constraint, apprehension, or fear of or from hPr sai and. ~ WITNESS my hand and official seal this ~`~7M day af ~a A. 19~_ . . - - otary ubl~c in d for the State of Ftorida at large _ - My Commission expires: ` ~ Retum To: Firsf Federol Savings d~ Loan Association ~ C~ ."Q' f _ Of fort. P~erce. - N _ jONH v - = _ f - r•. t Fort Pierce. Flcrid~ OTARY GlLLIES - ~BUC. S~a:e oF . s ~ - _ Qua(ifie ' 30-1936250 °w Yorh ; ~ : ~ `~i- ~ m ExPires Mar County • -s~~ f.;s ` ~ . rer d ~n Na c~a 3p. 1977 - ~ , " This Instrument Prepared By Gary F. Ellwood . First Federal Savings 8~ Loan Association - _ _r,`~'?. - _ _ - of Fort Pierce, Rlbrida _ s_ - - - ` Checked By G ~ . ~ ~ - ~Q~x~39 ~~75~ - _ _ . . r .