HomeMy WebLinkAbout0213 3. To place and ~ontinuausly keep on the bui!d~ngs no~v or heraa(rer s~tuate on s3id !and ard on a!i eq~ipment and personally covered by this mortg-
ago, with all preniiurr~S thereon pa:d in fu!I, f~re ins~.;~ance ~n fhe ~sual s~and.+rd policy form, ~n a sum approved by Ihe A10R1GAGEE, and windstorm
insurance in the usual standard pol~cy foim, in a sum approved by the t.10RTGAGEE, in such company or compan~es as the .~10RTGAGfE may
dire<h dnd all fire and w:ndstorm insurance policies on any of sa~d 'ouild~ngs, any in~eresl therein or part thereof, in the a99regate wm aforesaid or
In txcess ~hereof, shall contain the usual siandard mon~agea ciaus•_ or such uther tlausz as tha :.{ortgagee may require, makin~ ihe !oss vnder sai~ po~i•
cies, each and every, payable to said AIJATGAGEE as its iMerest may appe3r, and each and eveiy such policy shall 6e promptly ass gned and de~iverad to
any held by said A10RTGAGEE as turther security ro saiJ rnorlgage deb1, and, not less than ten (10) days in advance of Ihe expiraGon of each po!icy, to da•
liver to said h10RTGAGEE a ren?~xal ihereof, together with a rece~pt (or the premium of such renewal; and thare snall be no f~re or windstorm insuranca
placed on any ci eaid buildings, any inte~est Iherein or part Ihereof, unless in the torm'and .vith ihe ~oss payable as aforesa~d; and in the eveni any sum
of money becomes payable under such polity or policies said h10RTGAGEE ~hall have the opt;on to receive and apply the san,a on accovnt o~ the indebted-
ness secvred hereby or to permii said MORTGAGORS to receive and use it or any part tF~ereoi for othcr pwposes. ~v~tho~t tlurcb~ .vaivin3 a~ ~rr~p.;ir-
ing any equ~ty, lien or r~gh1 under or by virtue of ihis moctgage; and in the event said hIORTG~GORS shall for any reason (ail to keep the said premises so
insured, or fail ~o deliver promptly any of :~id policies of insuranca to sald h10RTGAGEE, or fai! prompfly tu pay fu~ly any premium therefor or in any
respect fail to perform, dlscharge, execute, effed, complete, comply wirh and ab~de by thls covenanl, or any par~ hzreoi, said 1.10RTvAGEE may place a~,d
pay for such :nsurance or any part thereof without walvin~ or affecring any option, lien, equity, or ~igM under or by virtue of this hlortgage, and Ihe
full amounl of each aed e~•ery such payqient shatl be immediatety due and payable anu shall bear intarest from tha date thereof until paid .r1 the rate ol
nine per centum per annum and to~ether Hith such interest shall be secured by the lien of this mortgage.
4. To permit, tommit or suffer no ~vaste, impairment or detericration of ~aid property or any parl thereof.
5. To pay all and sirgular the.cosls, charges and expenses, including a reasonaFle aUOmey's f_e and costs of abstracts of title, incurred or paid at
any fime by sa~d h10RTGAG:E, becaus~ or in the event of tha failure on the part of the said h10RTGAGOR to duly, pron,ptly and fully perferm, d•scharge.
executa, effed, <omplete, tomply w~th and ab;de by each and every the stipulat~ons, agrezments, tonditions, and covenants of said prornissory nofe and this
mortgage any or e~ther, and said costs, tharges and exeenses, each and every, shall be immediately due and payable; whether or not there be notice da
mand, attemot to collect or suit pending; and Ihe full amo~nt of each and every such paymeM shalt bea~ interesl from the date lhereof until paid at the
rate of nine per czntum per annu n; and all said costs, charges and expenses inwrred or paid, together ~v~th such interett, shail be xecured by the lien of th~s
mortgage.
b. That (a) in 1he event of any breach of this nlortgage or defaul? on th~ pari of the h10RTGAGOR, or fb) in the event any of sa~d sums of money
herein referrrd to be not promptiy and fully paid ~vithin thirty (30) days next after th~ same sevcra!ly become due and payable, without demand or notice,
or {cl in the eve~t each and every the stipulations, agreements, conditions and tovenants of sa:d promissory note and th~s mortgage any or either are nol
~uly, prom~t~y and fufly performed, d,scharged, executed, eifected, compteted, complied ~vith and ab~ded Sy, then in either or any such event Ihe aaid ag-
gregate sum mentioned in said promissory note then remaining u~paid, with interest accrued, and a11 moneys secured hereby, shall become due and pay
able fortliwith, or ihereafter, at the oprion o( said h50RiGAGEE, as fully and compfetely as ii all of tt~c sa~d sums of money were originally sl~pulated
to be paid on such dny, anylhing in sa:d prom~ssory note or in this hlortgage to the contrary notwithsWndir.g; and thereupon or Ihereafter at the option of
said MORTGAGEE, without norice or demar.d, suit al lacv or in equity, therefore o: thereafter begun, may be prosecuted as if all moneys secured hereby
had matured prior to ita institution.
7. That in tha event that at the 6eginning of or a1 any time pending any su~t upon tfi~s Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any daims hereunder, said 1dORTGr+GEE shafl apply to the Court ha.ing junsd;ction thereol for Ihe appo~ntment of a Receiver, such Couri shafl
forlFiwith appoiM a receiver o` said mortgaged properfy all and singular, indud~ng aIl and vngular the income, proiits, issues and revenuzs frem whatever
source derived, each and every of wh:ch, it being expressly unders~ood, is hereby moirgaged as ~f spec~fically set forth and describcd in Ihe granting and
habendum dauses hereof, and such Receive~ shall have all the broad and effective fur.ctwns and powers in anywise eNrusted by a Court to a Receiver, and
such appointmeN shall be made by such Court as an admitted e;quity and a rcatter oi a6solute r~ght to said h50RTGAGEE, and with~ut refe:ence to the
adequacy or inadequacy of the value of the property mo~tgaged or to the so,ven:y or i~solvency of said 11lORiGAGOR or the defendants, and that such
rems, profits, income, issves and revenues shall be applicd by wch Receiver accord~~ig to :he iien or equity of said MOR7GAGEE and the praUice of such
Courf.
8. To duly, promptly and f~lly perform, discha~ge, execute, effect, complete, comply ~-ith and abide by each and every the stipulations, agreemeNS,
conditions and covenants ~n said promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person otner than the 1.50RTGAGOR, the
h10RTGAGEE, its successors and assigns, may, ~virhout notice to the h10RTGAOR, deai with s~ch successor or successor ~n interes? ~vith reference to this
mortgage and the debt hereby secured in the same manner as with 1:lorrgago~ w~~hout in any v.ay vit~ating or d~scha~ging the lAortgagors' liability here-
under or upon the debt hereb~ secured. No sale of the Fremises hereby mortgaged ard no fo~bearance on Ihe part of the IhORTGAGEE or its successors
or assigns and no extension of the time for thr payment of the aebt hereby secured given by the ~~10~CTGAGEE or its svccessors or ass:gns, ai~all operata
lo ?elease, d+scharge, ~nodify change or aFfect the orig~nal liab~l~ty of the h10RiGAGOR herein, eifher in whole or in part.
10. It is spec~fically agreed that time is of the essence of this contracr and that no waiver of any obligal~on hereunder or of tF.e obligation se- _
tt,red heteby shali at any time thereafter be held to be a waiver of the terms hereof or of the inzfrument secured herby.
11. In add~tion to the iorego'ng monthly pa~mems of p:ir.c'ppl and interest req~~red by tne prom~szcry no!e sc:ured hcreb~, mortgagor covenanis
and agrees to pay to mortgagee w~th each monthfy pay~nent an add,rional sum est~n,atee+ b~ morrgagee to be equal to lj 12 of the annual cost of the iolfovr-
ing:
A-All real property taxes lev~ec' or assessed agai•ist the ahove desc~ibcd real estate.
B-Premiums on fire and windsrorm insurar,ce as herein requ:red ta be carri~d en the improveme~ts situate on the above described premises.
C-Premiums on sucn mortgaoe guaranty ir.surance as mortgagee shall froT t me to time deem fit to carry on th~ loan secured hereby.
i_ Mortgagee shall-from time to time netify mortyagor in v;ritfng of the amouot d~e and payable hereundar and such surn sha{~ thereupen be due and
payable on the due date of the next monthly payment and each successive momh thereafter ur,fil mcrtgagee sha!I not'rfy mortgagor of a change in such
amounf. Such sums sF.all be applied by mortgagee toward th~ payment of real property taxes, insurancr prem;ums, and mo~tgage gu~ranty insurar,te
premitims.
IN YJlTNESS Y~NEREOF, the said h50RTGAGOR has hereunto set his hand and seai the day and year first aforesaid.• _
i~ne esied an d vere ' th resence of: / ~f ~
. 6c'~~~~ ~ , P L> ~-C-'~i~C~ `t (Seal)
j ~ L~~t~t~-s s~ r~ 4.2~-~C~ (Seal)
(Seal)
. _(Seal)
STATE OF fLORIDA ~
Saint Lucie
COUNTY OF -
Before me personall appeared Ear~ P' . LittlA _ and
Ann~9 F• Little h~s wife, to me well knov~n and kno~vn to me to be
the individuals described in and who executed the' ioregaing instrument, and acknov~fedged before me that they executed the same for the purposes
~herein expressed. And the said A I1T1~ F. L i t tl e
wife ot the said Farl _~L~~_ , vpon a separate and private
examinat;on by me taken separate and rpart from her safd husband, acknowledged to and before rne that she executed said instrument freely and volun-
~arily and without any compulsion, constrainl, apprehe~nspion~yr fear of or irom her said h d.
WITNESS my hand and official seal this___`aG~~~~ day of ~ ' i '~~'`''Ar~~:~19~
.
Notary Public in a for th~.5latp of~ IGrida et large
F I L D E D nn,, comm,5s;o~ e pirer. ' .
Retum To: f ~ V~~_E? ~ ~ K ' '
F i r s t F e d e r a l S a v i n s~ l o a n A s s o ti a t i o n ' ~ iJ0iA1}' PU:i; C; ~tbt^ Of 1'~}O~idt7 ~'~71~`8
s j 'r> "G~CI.~~i~~~r. Expi:e~ R~S-.5. iq6='•
OF fort P~erce. :~~-~;C~ `~t~~' ~?~,r:~ sy knier~.;an~~us~tf Gn3Q(!'~~~1
Fort Pierce, florida . e , . , . ' _
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