HomeMy WebLinkAbout1707 3. To place and canti~uously keep on ihe bu~!dings now or hereaher eitua'e on said land and on all equipmenl and personally covered by this mortg•
age, ~vith all premiunn Ihereon pa;d in fuli, tire insurance in ins; ~sual standar~ policy form, ;n a wm approved by Ihe ~ti",ORTGAGEE, and ~vindstorm
insurance in the usual s~andard pol;cy iorm, in a sum approved by the h10RTGAGEE, in suth compnny or companies as ~ha h10RTGAGEE may
dirett; and all tire and windstorm insuranca polities on any of said bvild~nys, any inlerest therein or parl Ihereol, in the aggregate sum a(oresaid ot
In excess ihereof, shall contain the usual standard mortgagee clause o~ such other clause as the hlortgagee may requ~re, making the loss ~nder said poli• ~
cies, each and every, payabla to said h10RTGAGEE as ~~s interest may appear, and each and every wch policy shall be promptiy au gned and detivered to
any held by said 1hORTGAGEE bs (urther security to said mortgage debt, and, nc,t less ~han ten (10) dnys in advance of the expiration of each policy, to de• y
liver to said MORTGAGEE a rene.val thereof, together with a recript (or the p~emium of such renewal; and lhere shali be no fire or windslorm insurance ~
plated on any of said buildings, any intere3t therein or part thereo(, unle:s in the form'and w~~h the loss payab!e as aforesaid; and in the event any sum }
of money becomes payable unde~ such policy or policies said h50RTGAGEE ahall have the opf~on to receive and apply the same on accounl o~ the indebted-
ntss secvred hereby or to permit said lAORTGAGORS to receive and use i1 or any parf thereof for othc~ purposes, without th_reu~ wa~ving or impair-
ing any equlty, lien or right under or by virtue of this mor~gage; and in the event sald MORTGAGORS shall for any reason fail lo keep the saiJ prem~ses so
insured, or fail to del~ver promptly any of said ~ol~c~es of i~suronce to sa~d A50RTGAGEE, or fail promptly to pay iully any pre~nium therefor or in any
re~pact fail to per(orm, d~scharge, execute, effect, complete, comply wirh and abide by th~s covenant, or any part hereof, said MORTGAGEE may place and
pay for such insurance or any part thereof without walving or affecling any option, lien, equity, or right under or by virtue of tliis hlortgage, and the
full amount of sach and every such paymeM shall be immediately due and payable and shall bear iMerest from the date thereof until paid at the rate of
nine par cent:~m per annum and together with such inte~est sha~l 6e secured by the lien of this mortgage.
4. To permif, commit ot suffer no wasfe, impairmrnt ot deterioration of said property or any part thereoi.
5. To pey all and singular the ~tosts, charges and expenses, including a reasonable atlorney's fee and tosts of abstratts of title, inturred or pnid at
any time by ssid M.ORTGAG:E, becaust or in the event of the failure on tha part of the said MORTGAGOR to duly, promptly and fully perform, ducharge.
execute, e((ett, complete, comply with and ab:de by each and every the stipulations, agreements, tonditions, and covenants of said promissory ~ote and thil
mortgage any or either, and sa~d costs, charges and exper~es, each and every, shall be immediately due and payable; whether or not there be norice dz
mand, attempt to collect or suil pend~ng; and the {ull amount of eath and e~ery such payment shall bea. interest (rom the daie thereof until pnid at the
rate of nine pzr centum per annurn; an~' all said cos~s, charges and expenses incurred or paid, togelher w~th s~ch iNerest, shall be secured by the lien of th~ti
mortgage.
6. That (a) in the event of any breach of this Mortgage or defaull on the part of the h10RTGAGOR, or (b) in the event any of sa:d sums of money
herein referred to be not prompily and fully paid within thlrty (30) days next after ~he sarne severally become due and payable, without demand or notice,
or (c) in the eve~t each and every Ihe stipuiations, agreements, conditions and covenants of sa;d promissory note and th~s mortgage any or eithet are nof
~uly, promptly and fuliy performed, d~scharged, execuled, effected, completed, cornplied ~vith and abided 5y, then in either or any such event the said ag•
gregate sum mentioned in said promissory note Ihen remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay-
able fortliwirh, or thereafter, at the option of said h10RTGAGEE, as fully and completcly as if all of the said sums of mon~y were origi~ally stipulated
to be paid on such day, anything in sa:d promissory note or in this hSortgage to the contrary notw+thstand~ng; and thereupon or thereafter a1 the option of ;
said h10RTGAGEE, withovt notice or demar.d, suit at la~v or in equity, therefore ot lhereafter begun, may be prosecuted as if all moneys secured hereby !
had matured pnor to its institution.
7. That in the event that at the be~i~ning of er at any time pend~ng ar~y su~t upon ~{~is Mortgage, or to foreclose it, or to reform it, or to enforce
payment Ot any claims hereunder, said lNUKllii~Cac[ snaii appiy io ine Couri naving jurisd~ciivi~ iiit~e0i ivi Shr a~rp'v~~~Smc~~i o : i.a~:i :^aii
iortFiwith appoint a reteiver of said mortgaged property all and sing~lar, includ~ng all and singular the income, p~ofits, issuei and^revenues~from whate~er
tource derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifical~y set forth and destribed in the granting and
habendum <lauses hereaf, and such Receive~ shall have all Ihe broad and effective funct~ons anJ po~vers in anywise entrusted by a Court to a Receiver, and
euch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to said h10RTGAGEE, and without reference to the a
adequacy or inadequaty of the value of the property mortgaged or to the sowency or insolvency of said MORTGAGOR or the defendants, and Ihat wch
rents, profits, income, issues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said 1110RTGAGEE and the practice of such
Couti. ~
B. To duly, oromotly and fully pertorm. discharge, execute, etfect, complete, co~nply wi~h and abide by each and every tne stipuiations, agreements,
conditions and tovenants in sa~d promisso.ry note and th;s mortgage set forth. ;
~
9. Tha1 in the eveM tAe ownenhip pf the mortgaged premises, or any part thereof, becomes vested in a person other Ihan the l410RTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notite to the h1pRiGAOR, dea{ with such successor or successor in interest with reference to this
mortgage and the debl hereby secured in thN same manner as vvith l.5ortgagor rvithout in any way vitiating or discharging the /horlgagors' liability here-
under or up~n the debt hereby secured. No safe of Ihe premises hereby mortgaged and no forbearance on the part of the IAORTGAGEE or its su~cessors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its s~ttessors or assigns, aliatl aperate
to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is spec~fically agreed that time is of the essence of this cor.tract and that no waiver of any obligatton hereunder or of the obligation sr ~
c~.red hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrumenl secured herby. ~
11. in add~tion to the forego:ng monthly payments of princ'ppl and interest req~ired by the promissory note secured hereby, mortgagor tovenanis ~
and agrees to pay to mortgagee with each monthly payrnen~ an add:~ional sum estimated by mortga~ee to be equal to 1~12 of the annual cost of the fol~ow- j
~~9. {
[
A-All real property taxes levied or assessed against the a6ove described real estate_ '
B-Premiums on fire and windstorm insurance as here~n reqwred to be carried on the improvements situate on the above d~scribed premises.
C-Premiums on such mort9age guaranty insurance as mo:tgagee shall from t~me to time deem fit to carry on the ~oan secured hereby.
h!ortgagee shall irom time to t~rr:e notify mo:tgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
payable on the due oate of the next moNhly paymem and each successive momh thereaft~r until mortgagee shall notify morlgagor of a change in such
amount. Such sums shall be applied by mortgagze tov:ard the payment of reat property taxes, insura~ue prem:ums, and mortgage guaraMy insurance
, premiums.
IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal ihe day and year first aforasaid.
ned, ale an~elivere the pr5sence of:
~ (Seal)
/7 ~ t
/ (Seal)
(Seal)
($eal)
'i
STATE ~f FLORIDA ~
' COUNTY OF S t. Lu c i e ~
- Before me Fersanally appeared P8U 1- 1'1 . Cr love r and
i Juanita Glover
S his v:ife, fo me well kncwn and known to me to be
t the individuals deacribed in and who executed the foregoing instrumqnt, and a knowledged before me thal they executed the same for the purposes
Iherein expressed. And the said JU 8T11 t 8 Cr ~ ov e r
wife ot the taid P a u 1 l•i G 1 ov e r , upon a separate and private
~ examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun• }
~ tarily and without any computsion, constraint, apprehension, fear of or from her said husband. i
' .3-~ F ebrus r~= 66 ~
WITNESS my hand and official seal this day of A. D. 19 i
~ ~e./ e~-
~ Notary Public in and for the State of Florida al large ~
I h1y Commission expire
, Notar ~ p c _ .
Return To: ! 3 1 ~_..f: -Zr.i~' i'[:e,.,i, ~ f:,:. .
Fint Federal Savings d~ loan Association r"~~ t~~!`~i~'~«~i ~%}~~25 ~~~r, j, ~;b~
E~:.'.'~a ::r t.r3
Of Fort Pierce. Ft AN RE R ~~ES~ ~
0 E D Nry
Fort Pizrce, Florida j{•~aI _
' awu _~OOK _ ~ . ~ ~ ~
- ~ , - ' ~~--~oS~C'~t~i~'~~' ~ > . r~ ~ .
_ . . . - _ S6 FEB 4 PM 3 : 36 ~
~ ~ ' . ' ~ + \Y ~ . i
. 1 %LV ~j
. . . - l _ 1~~~ i
' - ~ ' - ROGEFt f'~:~:-;i`,;~. CL~RK ' ~
~ ' ; ~ ~ ST. ~UC~~ COUNTY, ' , f
~ . FLORIDA
' ~ . - BQDK~J~ _
. ~p,~,
jrl~~ M'-