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HomeMy WebLinkAbout0415 ' i 3. To ptace and coniin~ousiy keep or~ Iha UuitJings no~v ot ~ereaftet 1ltuate on sald la~d end or~ all equip~nent ar.d pusonaliy tovartd by 1i~:: tnor~g- egs, w~~h all p+emiurns theroon pa~d in tull, fire insurance in 1he ~suai srandard policy form, tn a sum approved by Ihe MO~~GAGEE, end wind~torm Inwranto (n Ihe uwal ~tandard poticy form, in a sum approved by the A~ORTGAGFE, in wch compnny o~ companih at the AIORTGAGEE may t~`'4 c~ired; and all (Ire and windstorm inwrar~ce policiei on any of ~aid bvilslln~e, any intereil tF.erein or parl Ih:ree€, i~ ihe aggregete tum atores~id o~ - tn excess Ihereof, e~all contain tho usual sta~dard n+ort9egee cla~te or su<h other ciauta at Ihe Alortgagee may require, making ihe los~ ~ndtr »id po!b 3?4s~ cie~, aacb end overy, paynbte to said MORTGAGEE ai i1s inte~eet may appea~, and each and every s~ch polity shall t~a promp~ly ass.gned enJ de;ivered to •ny held by seid /.10RTGAGEE as furlher security to said mortgage drbt. ~nd, nol lesi than !en (10) dayi in ad~anca oi ~he expirotion of eath policy, to de- _ liver to said MQRIGAGEE a renewal thoroof, toge~her with a recc~pt (or Ihe premium of svch ranewal; and Ihere thall be no f~ro or wi~dstorm l~sura~'ze _ pleced o~ any of said bvildirx~s, any interest ihcrein or part thereof, unless in ~he (orm and with the Icss payable as aforesa+d; end in Ihe event ~ny sum of money Leca,:es paya6i~ ~ndrr such poticy or policie~ said MORTGAGEE shail hava Iho opiion to receive ertd appty tha ssme e~ accouM af Ihe indebted• 1r.. ness secured hergby a to permil said A10~ZTGAl30R5 to receivc and vae it ot eny pait thzreof So. olher purpoies, ~viihout Iheraaf waivi~~~ or in~pai:- 1-=-, • tng any equity, lien ~r right undar o~ by vi~ive of this nwrtgagej and i~ the event iaid MORTGAGORS sfia~l for any reason fa?I to kenp ~he said promiies sa tns~rrd, or (aH detiver promptly any of said policies of insurance to said MORTGAi,EE, or tail promptly te~pay fulty any premium Iherefor or in any respect fail to perform, d~s:harge, ezecvie, e(iect, complete, co:npty with and abide by this covena~l, or any pa~t hareof, said MORTGAGFE may place ~nd . ' pay for ~uch i~surance or eny p~rt thereof withovl waiving or atfecdn9 any op~ion, lien, equity, or right ~nde~ or by virtue of this ~dortgage, end fhe ^ full amount of each and every i~ch pa~ ment shall be immediately due and payable znd shall brar interesl from the dato thercof umil paid al ~he rate o( ~ nine per centum per ennum and to~eiher with su~h interesl shall be secu:ed by tha lien of this morlgage. . 4. To permit, commit w w(fer no waste, impairment or deter;oralio~ of said property or any part thereof. 5. To pay all and singutar tha c~sls, charges and expenses, includ+ng m reasonable attorney's fee a~d cosls af abstracts of title, i~turred or paid at . ar.y ~ime by said hIORTGAGEE, because or in ?he event of the fail~re on the part of the said MC`RIGAGOR to duly, promptly and fully prrtorm, d~scharga. - execute, e(fect, cemplete, comply with and abide by each ar.d every Iha stipvlations, agreements, co~ditions, and covenants et said premissQry ~ote and this mort9aga any or e~ther, and satd costs, chargrs and expenses, ea.h and avery, shall ba imme:iiat~ly dve and payable; wF>ther -or oot the:e be notice da- ' mand, auempt lo colltct <+r suit pe~ding; and the ivi) amount of each and every such payment shall bear iMerest (rom the date ther~of until paid al tht rafe of nirie per cv•~tu~h per amtium; and all tiaid costs, chacges ancl expenses inc~rred ot paid, toflelFer ~vith svch interest. ~hall be stcuted by the lien of this mprlgage. _ - - 6. That (bl in ih~even! of ar,y breach of this Mortgape or defa~~tt an thr part of the MORTGAGOR, or (b) in the evenf any of s~id sumf of money here~~.~~fzrrsd to be not promptly ar.d fu11y paid within thirty (39) days next after the same :eviralfy betome due aod pay~ble, without demand or notite, or (c) i~ the event each and every the stiputations, rgreeme~ts, c~nd~tions and co~enants of saiJ Fromeuory note and th~s morlgage any or either are not ~vly, promptly and fully performed, d~scharged, executed, eff~red, completed, compf7ed v.~ith and abidad by, then in either oi any s~ch event Ihe said ag- _ gregate s~m ~nentioned in seid promissory note than remai~~ing unpaid, with intecest a:crued, and all moneys secured hereby, shall E+ecome d~e and pay able fortrtwith, or th~teatter; at the option of sai~ MORTGAGEE, as fvlly and compteiely as it all of Ihe said tvr:~s of money were wigi~alty stlpulated to be paid on svch day, a~~ylhing in said p~qmia;ary note or in ~his htortgage io Ihe con~rary netwiths~andi~gt and thers;~pon or thereatter at the optio~ of . - said MORTGAGEE, withovt oofi<e or demand, svit al lati; or. in equi:y, the~e(ore or thrreaiter begun, m~y be prosecWed ai if sl! money• aecured he:eby ~ had matured prior Io its institution. _ . - 7. That tn the event that at the beginr~ing of ar at any time pendi~g any suit upon this Mor~gage, or to. forKlo}e tt, or~fa refo?m it, to enforce ~ , paymenl oE any claims hereunder, said tAORTGAGE: shal! apply to the Cour~ having jurisdiuion thereof fo~ Ihe appoiMmeM of • ReteiYer, tuch Court shall forthwith appo+nt a receiver of said moitgaged prop>rty afl and singvlar, incl~d~ny all and singular the intome, pr~fil3, issves and~ revenues from whaiever , source derived, each and eiery of wh:ch, i~ being expressly v~dentood, ie hereby mortgaged as ii spec;iically set forth and des:ribed in 1he granting and habe~dvrri dauses hereof, and svch Receiver,shall have all the broad and effecrive funct~ons and pow.rs in anyw~se entru3ted by a Court to a Receiver, and _ - such appointmeM sFatl be made by such Court as a:? admitted ~qu;ty and a mntter of absofute right to said MORTGAGEE, a~d witiuw? referertce to the ndequaty or inadrq~acy of Ihe va!ue of the property mortgaged or to the sotvency or insolvensy of eaid MORtGAGOR or the defendants, and that suth rents, profirs, income, issues and revenves shail be apptie~d by svch Receiver a4cord~rtg to 1he iig~ or-equity of said MORTGAGEE and the,practice of such Court. - - - _ _ . ~ . . - . . 8. To duty, promptiy a~d fully Ferfarm, discnarge, execute, effect, complete, comoly ~with and ahide by each and every the stipulations, agreeme~ts, - • conditiens and covenants in said promissory nole and thiti'mortgage set forlh. ' ~ . _ 9_ That in the evrnt ihe owkrihip uf the mcrtgaged premises, or any part. thrreof,-becomes vested in a person other than the h10RTGAGOR, the - MORTGAGEE, its successors and assigns, may, without notice to ihe MORTGAOR, deal ~vith such syccessor ot success6r in interesS with reterence to this mor~gag: and the deb~ hereby secured in the same manner as'with hlortgagor without tn any_ ~vay vitiatiog or discharging the M~rtgagors' liability here~ - under or upon 'he d~b~ hereby sec~red. - No sa!e _of fhe premises hereby mortgagPd and r.~ forbearante on .lhe part _of Ihe AAORTGAGEE or its successors - or assigns and no extertsion o` ihe time for the payrr.ent of thQ debf fiereby secured gioen by Ihe N10RTGAGEE or its sutcessors or assigm, stiall operate to release, d~scharge, modi(y change or affect the origlnal fiaoiiity of Ihe h10RTGAGOR herein,-either in whole er In part. - _ 10. it is speufically ag:ied that time is of the essence of this contract and_that ~o waiver of any obligalion hereunder or of the obligation se- cured hartby shal~ at any time thereafter be held fo be a waiver of the terms hereof or of- the insttu~ent sec~rGd herby. - ~ - ~ 1 L. In add~tio:t to th? (orego:r.g monthty p~ym.n;s oi ptin~"pal and interef~ -~equired 5y th> ~romisscry note se.-ured hereby, mortgagor covenanfs and agrees ~o pay to mortgagee ~~ith eacn monthly payment~sn add~tional sum estimared by mortgagee lo be eaual to 1/12 of the ann~al cest of the foilo-er- _ j „'9' " . _ _ . , _ - - ` f.-All•real properry_faxes leviz.~, or assessci3 +gainst the a6ove described real estate. ~ . ~ _ i B-Premlums o:~ fire and windstorm insurar,ce as herein reqv:red to be carried on the improvemrNS situate on the ebove desuibed premises_ ~ - , . C-Premiums oa svch mwtgage guarnnty ir.s~rar.ce as rfiwtgagn~ shall from tiine to ti.ne' deem fit fo carry On the ben secured Fiero6y. ` • 1~lortgagee shail from time 1o tin,e notify mortgagor in writing of tna amount due and payabte hereunder and auch wrn shall there~pon be d~e and _ payab!e on the dve cate ~f Ihe next mo~th:y payrnent and eath svccess+ve mo~th thereaft~r u~:iil morigagee shal! nofify mo~tgagor of a change in suth - amount. Svch sums shail be aoplied by mortgagee tovvard the payment of real property taxes, inavrance prem;ums, and mo~igage guaranty insurance ~ . premiums. ' , ' k IN WIiNESS WHER£Of, the said MORiGAGOR has hereunto sef his har.d and feal Ihe day and year fint aforesaid. ~ Signed, Seated and delivered in the ptesence of: O ~ " ' E - - - - _ F; Seal) ~ - - ~~~~~~014i~ ~Y k300~1~I ~ea~ . ! - - - R~ ~ ~ s _ ~ REC~~D YFRl~,I~p~,r.~.,•~ . COi1ti1~~e S. BAOher - 5eaq - J~ 0~ ~''d~ - cs~a~- ~ STATE OF FIORIDA ~ ~ _ - . ' . - . ' COUNTY OF - S~ e Ll1C~@ - ~ ~ ~~~~~L~~ _ Before me personally-appeared TeYY;[_~~ Baoh~Y and ~ Conn~e S. Booher - h« wife, to me well known and known to me to be the individvals desvibed in and who executed Iha foregoing instrumenl, and acknowledged before me ihat ihey txecufed the same fw the purposes , t Iherein expressed. Md the snid l~~n Q,..$~ BnAb~2i' - - wife~of the said ~ TPSYV L_ ~ooher , upon a septrats and privste exam~nat~on by me faken separate and apart from her said husband, ackrwledged to and befwe me that she executed said irtstrument freely and volun- tariiy and witnout any compv(s:on, constrairtt, apprebension, or ear o# or fran her said husband. - - Y~ITNESS my hand a~d offic7al seai this ~ _ day of ~V - ~ , A. D. 14 ?5 i " - ~ . _ - _ - . - . 3~ ` - _ Notnry Pubiic in and for ike Sta t flot~da at larpe ' ' ~ My Commissior: expires: ' . ~ , . Retum To: / ' 3'~ ~6 - firsf federa{ Savings 1: loan Assotiation - ~ _ ~ ' Of Fort P:erce_ _ > _ : ` .c . ~=:t ' - £ . . - ~':r. , _ _t: , , _ ~ort Pierte. F~ereda . . • ,~:ti~:~~~ flfi~tjt~ ; . - - _ - ~ - , t~ _k jt~~ S . - ~ - . - . a ,~~,'.M',!~~s ~~',`/~i~ - ? i - ~ . - • . - . • - ' ~ : ? Y ~a.` . ' ~ ~ ' ' - • `{~.~~1` ' This instrument Prepared By Robe=t A. ~ist~er Jx. - - ~.`J+ : : . ~ ~irst Federal S~vings. 8~ Loan Association _ i ~ 1:: _ :I; - t~ , of Fort Pierce ~ FlOY3da 33450 _ , ' } ~ V : t~ = j - ~ 0 R A ~ _ ~ j~ Checked By ~ $OOK~`~O PJ~f~ - . , s'- , - • - ~ . ;:'ti t - _ _ _ _ - . _`f•;; ::~;f:" " ::n:~s: - - • ~ - ~ f ++y _ - - ~ " . dZ . .