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HomeMy WebLinkAbout1170 ; 11 3. To placo and cantinuouely Y.eep on the h~iidings now or hereafter s~tu~~e on snid land and on all eryuip~ne~,t and per~onally covared by this iportg- ~ ege, with e~l premi~ms Ihe~eon pa:d in full, f'ue insuronce ~n the ~sval erendard policy i~rm, In e svm approved by Ihe MORiGAGEr, and wind~rorm tnsurente in Iha vsual standard poi~cy tom~, in a sum epproved Uy Ihe h10RTGAGEE, in such tompany c+r COmpani~S a3 the MORTGAGEE ma~~ diretl; and all (i~~ an~ w~nd~iorm insvrance policies on any o( sa+d build~ngs, any interesl therc~n ur part Ihereof, in Ihe aggregete sum a(oresaid or In excess Iheieof, t}~all contoin tha us~al standard morrc~agee dautia or such other clause ee the A1or~gageo ma~r rtq~~ro, meking the lost unde~ said poli- des, each a~d evety, payable to said h10RTGA::EE as i~a intcrest may appear, and each and every such po'~cy ~h,,ll be promptly au gned a~d detivered to any held by said h~ORIGAGEE as (urlher eecur~ty to sa~d mortpsge debr, anJ, not less ~han ten ~10) c'ays in advance of 1he expirot+on of each palicy, lo de- ~ livet to sa~d MORTGAGEE a rer.ewat thereof, togethar with a rece~~~t lor 1ha pramium oi suth rtnexal; and there shail be no fire or tvindstorrn intutante ' placed on Any of said bvildings, any interest therein o~ part thereof, uniess ~n ihe fonn a~d with tha losa payable as aforesaid; ai~d in ihe evenl any sum ~ o( monay becomes payahte unde~ such pot:cy or poUcies se~J /.tORTGAGEE shall hav~r iha cplion to reteiva and appty Ihe samu on atcount of Iha i~idobted- i ness eecured hereby or to permit sa~d MORiGAGORS to receive and use ~t o~ a~~y ~~a~t therco! lor othcr pur~~oses, w~:hc,u~ iheri,f wai.~n.~ or impair- (n{~ any.,equiry, lien o~ r~gh~ undcr or by viNue o( this mo:tgac~c; an~l tn 1ha event said A10RTGAGnRS shall for any ~cason fail to keep the-said p~emises so insureJ, or iai) to deliver promptly eny of saiJ pollcies ot insuranco to said MORTGAGEE, or fa~~ promptly to pay iully any pre~»ium therefor or in any ~ respect Feil to perforR, discharge, ezetutr, eHecf, comp~eta, comply wiih and abide by Ihis cover..,nt, or any par~ heroof, said MORTGAGEE may ptate and • pay tor such inwrance or any parl thereof without waiving or aftecting any o~tion, lien, equ~ty, or righl ~nder or by virwe of ~6is hlortgage, a~d the ;"d full amounl of each and every such Foyment ~hall be immedia~e~y due and payab!e and shafl baar inlerest 1rom Iho date thereof until paid at tha rate ol nine par centum per annum anJ tr~7,th~r ~vi~h suci~ in!e~es~ shaii be secured by Ihe lien of ihis morfgage. ~ d. To permit, commit or suf(er no waste, imp~imic~t or dcteriorei~on of eaid prope~ty or any part thereof. . 5. To pay all and singular Ihe costs, charges ar.d expenses, i~~cl~ding a reasonaole altomey's fee snd costs of ab ~uacts of title, incurred or pald at any time by said AIORTGAGEE, betause or in the event o( thc failure un tha part of ~he :aid 610RTGAGOR ro dufy, promplly and fully par(prm, discharge, execute, effect, complete, campiy with and ab:de by rach a~~d.EVCry the sGpulations, agre~ments, condifiens, and covenants of eaid promissory nate and ~his mortgac~e any or ~~ther, and sa~d c~sts, char9es and expenses, eaci~ and every, shall be immediately due and payable; whe~her or not there be notice d~ mand, altempt to cotlect or s~it pend~ng; and the ivll amovnt of each and every such paymem shall bear inrerest from the dele thereol until paid a1 the rale of nine per crntum pcr a~u~u:n; an:i all said costs, charges and exF;en~es int~rreJ or paid, toye~hrr w;th such interast, shall be secured by tha lien of thit mortgage. . ~ 6. That (a} in the event oi any breach oi this Mor~gage or default on tt,: p~rt of the MORTGAGOR, or (b) in th~ event any of scid sums of money herein reFerred ~o be not nranptly and fully_paid within tF.~rty (30) da~•s next aifer ihe same severally become due and payable, without demand or notice, ur (c) in tFe event each and every the stiputations, ag~eemenrs, cond:tio~~t and covenante ot sa:d promissory note and th~; mort~age any or t~ther are nol . 3uly, promptly and (ully perf~rmed, d:ncharged, exetuted, effected, comp:eted, complied ~vi~h an~ a6idad hy, then in either or any s~ch eveM the said ag• gregaTe sum mentioned in said promissory note th:n temaining unpaid, ~vith interest accrued, and all moneys secured hereby, shall betome due and pay- abte forthw~th, or thereafrcr, at ~he opt~on of said h10RTGAGEE,, as fully and comptetely as if all of the said .sums of money were origi~ally st~pulated to be pa:d on wch day, anything in sa:d promissory note or in Ihis Mortga9e to the contrary notxi~hstanding; and fhereupon or thereafter at the opron of said MORiGAGEC, without not~ce oi demand, suit at lau• or in equity, therefor~ or thereaiter begun, may 6a prosecuted as if all moneys secured hereby had maWred prior to its institution. - - . 7. That in the eveN that at the beginning of or at any tima pendiny any su~t uFon Ihis lAortgage, or to foreclose il, or to refo~m it, or to enforce payment oi any claims hereunder, said h10RTGAG~E shail apply to IF,a Courl having jurisd;uion Ihereof (or Ihe appointment of a Receiver, such Couri shafl forlhwith appoint a receiver of said mo~tgayed pr~f~rrty all and singulaf, ir.clud,ng all and iingular tt~e incon;e, profits, issues and revenues from whatever source derived, each and every oi wfi~ch, i~ being exp:essly undersrood, is F.ereby mongag:d as if spec~ficatty set forth and described in the grenting a~d habendum clauses hereof, and such Receiver shatl have a11 the broad and eiFec!ive funct.ons and po,vers in anywise entrusted by a Gourt to a Receiver, and ' such appoi~tment sha11 be made by such Court as an admilted equity and a mauer of absoiute right ro said A10RTGAGEE, and wiihout referen~e to 1he . adequacy or inadequacy o( the va~ve of the property morlgaged or to the so;vency or ir.sotventy of sa:d M.ORiGAGOR or the defendar.~s, and Ihat such rents, profits, income, issues and rer•enues shall be appGed b~ such Receiver accorduig tc the lie~ or equity ot said h10RiGAGEE. and the practice of such - Couti. - . ~ 8. To duly, prompt;y and fully perform, dlscharge, rxecute, effect, complete, cempty with and abide by each and every the stipufations, agreements, ~ tonditions and cbvenant: in said promissory ~ote and th~s mortgage set forth. € 9. That in the ever.t the ow~ership of the martgaged premises, or eny part thereof, 6ecomes vested in a person other than fhe l110RTGAGOR, the ~ h10RTGAGEE, iis wccesso:s and as~igns, may, ~v~thovt r.otice to the ~".ORTGA02, deal v~~th such successor or successor in interes~ with reference to this _ mortgage and the d~bi hereby secured in the sam~ r.~ar.ner as wi~h hlortgagor v:lthout in any v~ay vi~iating or d~scharging ihe lAortgagors' liabi;ity here~ ~ ~inder or ~pon the debt hereby secvred. tvo sa!e of the Fremises hereby morigaged ar.d no forbearance on the part oi Ihe /dORTGAGEE or its suctessors _ or assi~ns and no exter.s~on of t::e time for the Haym.em of the daUt hereby secured given by the IAORTGAGEE or its successors or assigns, ahall operate ~ to release, d~scharge, modiFy chanye or affect the crig+nal liab::fry of the N.ORTGAGOR herein, either in whole or in part. ~ 10. It is speuficalty agreed tha~ t~me is of the essence of this contrsct ar.d thal no waiver of an~ obt~gation hereunder or of the obligation se- ~ tored hereby sha11 a1 any lime therzafter be he;d to be a viaiver oE the te~ms hereof or of the instrument secured herby. 11. In add~tio~ to tli~ (o:ego"rzg rt:onth!y paqm~n!s of princ'pal and enterest requ~red by'the promissory no!e se~ured kereby, mOrigagor covenaMs 3 and agrees to pay to n:ortg~cee v.ith evcf, manthiy p~yr:ie~:t an add~r~or.al wm est:n~ared by mortgagee to be eqvat to 1 J12 of tfie annual cost of the follow- ; ing: - - ~ . ~ A-A~I real prop=rty tax2s levicc: or- assessed ag~insl the above c:escribed r~al estate. - ~ B-Premiums an {r.e and windstorm inwrar.ce as herein requ;red to be carried en the improvements situate on th~ above descr,bed premises. C-Prerr,iums on such mortgage guaranty insvrar~~e as mo:tgagee shail frcm time to time deem fit to tarry on the lcan secured hereby. _ Alortgagee shail irom time to tirr-e notily mortg~gor in writ~ng of the amovnt duc ar.d payable hereunder and svch sum shall ther2upon be due and ~ payab!e on the due date of ~he rext mo~th!y paymem and each successive menth thereafter ~rti! mortgagee shall notify mortgagor of a change in such amoum. Such sums sF.a:f be applied by martgag^e fo•.vard the paymeni of real property ta~ces, insurance prem;vms, and rrortgage g~aranty insurence premi~ms. " IN 1'~ITNE55 :"iH~R`t~F, the sa~d A'ORTGAGOR has hereunto set his hand and seal the ay and ear first a ore id. SEgned, Seafed and detivered in the prezence of: ~~a~~ ~ - i/ #W~tt ~ON~ ` Seal) C~.E~i~1RCS~~t COiI~T ~ (Seal) - ~~CO~t~ !1 R;f?ES.~.r....... _ (Seat) - . ~ + ~ ~iiisl~ _ - (Seaq f. _ t STATE OF fIpRIDA ~ . • COUtJiY OF St . Lucie ~ ~~~9893 _ ~ _ Before me ersonall• a Jose }1 I,,. WdttS and ~ P / Pr^eared --Q-- - Patrieia L.. W1ttS his wit" tc me w•ell knawn and kno•xn to me fo br the individuafs described in and who executed rhe foregoin$ insirument, and acknotiv!edged be[ore me that they executed the same for the purposes therein expressed. And the sa~a - Patricia L. Wdi tS - w~fe of the said JOS@P}] j.,. tilTdttS upon a separate and private exam~na?ion by me taken separate and apart fram her said husband, acknowledged to end before me Ihal she exettrsed said instrument iree~y and vo7un- - ~arily and w~?hoot any corripulsion, constraint, apprehension, ear of or from her said t~,~,une' - 75 ~~ITNESS my hand and offic~at s2al th~s_ dey oi A. D. 19 - - - ~ - . - , Nu ar~ PubGt in nd for t State of Fbrida at Large = • My Commissio expires: - - Return Tx . • First Federal Savings b Laan Assoc~at;on ~9 Of ~o~~ P,erc~. ~~^~.q~{ ('f•?r_!r, ~TeTE of FLOp1D" at L114r,E Fort Pierce. florida ' ~ ~ ~ : c~S r.:r~ 7_-19i7 - ~ _ . . ~.y~.r. - . ~:L.- .i tj n_i,_~G Wt~nciS itNU.arwe Ci_ : t - .1`~•~1!iiii.~.~•.~ t S ~ ~ - ; ' ~t.i . This Instrument_ Preoared By RiChard K. Kayes r t.-~.'~ First Federal Savings 8~ Loan Association - - ~ ' • - V ~:r~ . , Florida p R `.U`'t~. ; ~ - ~ of Fort Pierce ~ ~ ~ - - - . _ - _ eoaK240 PACE~~~9 _ . _ i~ ~ ; ~ = _ Checked By~ - - ~,i :~;c~: ~ y r;~, ; e"• ; _o ~ . . - , f e . . ~1 - ~ V -:rr . ~ ~ . ~ . . . - - - r'fr 1S'. •~~~~~•t• ~ ~ . . ~ ; . - . ~ t~< ~ ` - . ~ _ ~1111j1ii~~^ - . . . ~r ~ _ _ : - ~~r.~_ - .