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HomeMy WebLinkAbout1761 ~ 3. To plece and ~ontinvoisly ketp on ihc b~i:dingi now ot hereafter ~ituate on said land and on all cquipment and per3one!ly coveted by thii mor?g- efla, with all premiums ~h~~eon paid in full, (ire insvranca in the ~sual standerd pollcy fo~m, in a sum approved by Iha MORTGAGfE, and w•~ndsto~m i~surance in the ~eual ~~anderd poGcy to.m, in a sum approved by tha MORTGAGEE, In suth c~mpany or companies es ~he MORTGAGCE may direclt and al) fire end winc~storm Insurente po!i<ies on any of said buiidings, eny interest therein or pert ihereof, In the aggregate sum afortsaid or ~ In axcaes ~heroof, thni) contain tha v:val •tandard mortpagee dause nr such o~her claute at the Mortgagee may reqv~ro, making Ihe Ic~~ under taid poti- . cies, each and every, payabie to said A10RTGAGEE pt i1t interait may appea?, and each and every tvch policy shell be promplly ass g~cd and delivered to . aay held by said MORTGAGEE as further sec~ri;y to said mortgage debt, and, not les~ than tan ~10) days in advance of the expireiion of each poiicy, io da (ive? to said A10RTGAGEE a renewal thereof, toge~her with a recalpt for Ihe p~~mi~m oi such renewal; and there shall be no f~re or wind~lorm insurance , , pleced on a~y of said building~, any interest the~el~i or part Ihereof, unless In the totm and wlth Ihe loss payable as a(oresaidJ and in the event any sum of muney become~ peyab!e unde~ such po~icy or poUcies ieid MORTGAGEE shali have tha option to receive and apply ihe same on account of the indebted• ~ess stt~red hereby or to permit ~aid MORTGAGORS to receive and use it or any pa:l Ihereaf for othc~ purpoics, without th:reb~ ~vai~i~~~ ur in,pair• f en e ~i1 1(en or ~i ht under or b vb~ue of this mort a e• and in the avenl iaid MORTGAGORS shail tor an ra~son fail to kee the said remi:es sn ~9 Y 9 Y. ~ Y 9 9. Y P P (nsured, or fail 1o delivtr pror~~?tly any of iaid polities of lnsurance lo said MOkTGAGEE, or fail prompfly lo pay fully any prerr.ium tnerefor or in any ~ reipect Fail fo per(orm, discha~ge, exetute, ef(ecl, complele, to,nply with and abida by this tovenant, or any part hereof, safd MORTGAGEE may N1ace and . pay tor :uch inwrance or any part thereof without waivtng or affecting any oplion, Iic~n, eqi~iry, or righl ~nder or by virt~~e of lhis Mortgage, and ~hc ' full amovnl of each and every svch payment shall br in.mediately d~o rnd payable and ahall bear interesl from tha data thereof unt~l peid at the ~ate ol ~ : nine per cemum per annum and to~ethe~ w•ith such interest shatl be secured by the lien o( this mottgag@. 1. To permif, commit or suffe~ no waste, imoairment or deteriotation of said propetty or any part thereof. - 5. To pay all ~and ~ingular the costs, charge~ and exoenie~, i~cluding j reasonable attorney's fee and costs of abst~acti of title, inc~rred o? paid at _ t any time by said MORiGAGEE, beta~se or in the event of thP failure on Iha part of the said MORTGAGOR ro duly, promptly and tully perform, d~scharge, ~ execute, eftect, comptete, comply with and abide by each and every tha stipufalions, agreements, condilio~~, and covenants of said promissory note and thii - s mortgage any or eithet, and said cost~, charges end expe~ses, each and every, shall be tmmediately due and payabfe; whe~her or not there '~e notice da k marsd, atfempt to col~eci o? suif pending; a~d the f~ll amount of etch and eve~y suth payment ~hall bear interett from the date thereo! unlil paid at fhe rare o! nine per ceNum pe? annuor, and all said costs, charges and expenses irxurred or paid, ~ogether wi?h such interest, shall ba secured by the lien of this - s mortgage. . _ - ~ 6. That (a) in the everif of any breach of this Mortgage or default on the parl o( the MORTGAGOR, or (b) in the eve~l any of said sums of money he~ein refe~red lo be not p~omptly and fully paid within thirfy (30) days next aftei the same severally beco~ne dua and payable, without demand or notite, ~ or (cj in the event each and every the stiputations, agreements, cond~tions and covenants of said promissory note and th~s mortga9e a~y or eithe~ are nol ~~ly, promptly and Fully performed, discharged, exetuted, effecte~, comple3ed, complied with and abided Sy, then in e7ther or any such evert the said ag- gregata sum memioned i~ said pr~missory ~ote then ~emaining unpaid, with interest att'rued, and all moneys secured hereby, shall betome due and pay ~ able forlhwith, or thereafter, at the option of said MORTGAGEE, ai fully and completely as if all of the said sums of money were originally ~tipulated to be.paid on such day, anything in said promissory note or in this Mortgage to.the contrary not~vi~hstanding; and the~eupon or thereafter at Ihe optio~ of said MORTGAGEE, withoui notice or demand, suit a! I~w or in equity, there(ore o~ therea(ter begun, may be prosecuted as if all moneys ~ecurrd hereby had maWred priot to it~ institution. ~ 7. That in tha e~ent ?hat tt the beginning of or a1 any time pending any suit ~pon Ihis Mortgage, o? to foreclose it, o~ to reform il, or to enforce ~ , payment of any claims hereund~r, said h10RTGAGEE 3ha11 apply to the Court having jwisdk~ion thereof for the appointment of a Receiver, such Court shall ~ forlhwith appoint a reteive: of said morlgaged prope~ly all and singular, inclvd~ng all and sinq~lar the income, pro(its, issues and revenues from wF~atever ? source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~iically set forth and described in the grnn~ing and - habendum cla~ses hereof, and svch Receiver shall have all the broad and efFective funct~ons and powers In anyw~se e~trusred by a Court to a Receiver, and svch appointment shall be made by svch Covrl as an admitted equity and a matier of abso~ute right to said MORTGAGEE, and without relerence to the -Y adequacy or inadequaty of the velue of the property mortgag-d or to the scl~ency or inso~ven:y of said h10RTGAGOR ar the defendants, and that such rents, profits, intema, iss~es and revenues shatl be applied by such Receiver according to the lien or equity of eaid MORTGAGEE and the practice of such _f Court. - - ~ ? 8. To duty, p.omptly and fully perform, discha~g~, execute, eFfen, complete, comply with and abide by each and every the stipulations, agreements, i conditions and covenants in said promissory note and this mortga3e aet iorth. ~ 4 . - ~ - . . . _ . _ ; 9. That in tfie event the ownership of the mortgaged premises, or any part thereof, betomes vestcd in a perwn other than. the MORTGAGOR, ihe .MORTGAGEE, its successors and assigns, m~y, witho~t notice to Ihe MORTGAOR, deal with such successor or svccessor in interest with reference to this ~ mortgaje and the debt hereby secured in fhe same manner as with Mortgagor without in aoy way vitiating or discharging the Alortgagors' liability her~ ; t~nder or upon ihe debt hereby .ecvred. No sale of the premises hereby mort9aged and no forbearance on the part of the IAORTGAGEE or its svccessors = or assigns and no exrens~o~ of the time for the payment ot ~he debt hereby secured given by the MORTGAGEE or its successors or assigns, sfiall operate ~ - to release, discharge, modify change or affect the original Iiab~Gty of the A10RTGAGOR herein, either in whole or in pait. '~c _ - i 10. It is specificafiy agreed that time is of the essence of this contract and that no waiver of any obligation hereunde~ or of the obligation se- c~red hereby shall al any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. " 11. In addition to the forego:ng monlhly payments of-princ'pal and interest requtred by the promissory note setured hereby, mortgagor tovenant~ ' _ and agrees to pay to mortgagee with each monthiy payment an add~rional sum est~mated by mortgagee to be eq~al to 1/12 of the annual cosl of the follow- , ~ ing: - ~ . A-AU real property taxes levied or assessed against the above descri5rd real estate. _ = 8-Pramiums on fire and windstorrn insurar.ce as here~n requ~red to be carried on the improveme~ts siluate on the above described premises. ' - C-Premiums on such mortgage guaranty ir.surance as mortgagee shall from time to time deem fit to ca.ry on the loan secured hereby. ' Mortaagee shall from time to time notify mortgagcr in writing of the amou~t due and payable hereunder and such sum shall th4revpon be due and i payable on the d~e date of the nsxt month!y payment and each successive month thereafter unti! mortgagee shall notify mortgagor of a change in such ~ amcunt. Svch surns sF.ail be applied by mortgagee taward the payme~t of real properiy taxes, ir.surance prem;~ms, an~ mortgage guaranty insvrance premiums._ :f ' _ _ - . . - . . . _t IN ~YITNESS Y~HEREOF, the said MORTGA60R has Fereunto set his haod and seal the day and year first aforesai . < Signed,-Seated and delivere in the presence of: R~ ~ ~ ~ - - ~uciE c~v~~ir : ; i - ~ ~ ' ~ ROOER P011RA5 Ho~ard L. Ackle . ~an ~ - CIERK C1StCUlt COURT (Seal) RECORD'IERif1E0~ - ~ t5eat) Bur.ice G. ACkley tseal) STATE OF FIORIDA w~ ~ i~~ - COUNTYOF S'L. Lucie ~ ~ ~1oPV•,4 Before me personally appezred HOWc"~Td I.. AC1C1Ey and ; $L1T11CE C~i. Acklev h~s wife, to r,~e vvell knovm and k~ovrn to me to be I: the individuals dzscribed in end who execvted tha foregoing instrument, and acknowledged before me that they executed the sarne for the purposes ~ the~ein exprESSed. And ihe said BL1I11Ce G. Ackley - wife of the s~,d Howard I.. ACk~QV vpon a ssparate and private ~ ~ examin~tion by me taken separate and ~part from her said husband, acknowledged to artd before me that she execvted said instrument fr~ely and vol~rr tarily and without any compulsion, constrair.t, appre~n~n, or ear of or from. htr said husband. t 4NiThlESS my hand and officeal seal fhis day of June _ ~ A. D. 19 75 ~ _ - _ " . _ ~ # Notary Publit in and for the of Ftorida at large ' - ' l4ly Commissian expires: Retum To: / d• 3~! 7 6 f: First federal Savings loan Association _ . ~ Of Forf P~erce. . ' . ; ~ _ - - = Fort Pierce, Ftorida ~ ~ ~ r _ - 't ~ ~~~tl~~lt~~~~~ ~i _ _ , ,~,~,y'1~ ~~_bA~~ ~ ~ j~ _ ' ` • y'~ : ~f'%`~ ~ . ~ : . _ ' i - ~ This Instrument Prepared By William J. Forbes ,~t~•ti~ ~ Un N~;: ; First Federal Savings 8 Loan Association i'~„"j• d'~,~ ~ - of Fort Pierce F~orida 33450 ~ - 1 =~r;~'. ' ,~p ~ ~ .`f.~~ ~ Checked By - 0 R ~ ~1 ! ~ ,y%, ' ~ • ~ ' ~ . ~'~V , ~ v 'ri~ ~ ~r , ~T : F ~ ~ti?ti~~,y( ri~r : = _ 3 , . - ~~*~r~~~r~~• ' 11 ) } _ . • , . ~~ti . d°~i .