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HomeMy WebLinkAbout0623~- _ 9~R~k ~~ FAGE~~J 3. To pieta end continuously keep on tM buildings now or hereafnr -ituate on raid larfel lapt~ dr51Ji1 erit~'and ~'anonaliy covered by this mortg- ego, with all prem'vms thereon paid in full, firo Insurance in ti» uival Nandard policy foam, in a wm approved by else MORTGAGEE, and windstorm lnsvranc~in fha usual standard policy form. in a wm approved by the MGRTGAGEE, In such . company or -ompsnies as tt•e MORTGAGEE may direrir; en3 all fire end windstorm insurance policies on any of said bulidings, any inrtttsf therdn or pert tl•.en.f, in the aggregate wm aforetsid or in dxeess thereof, shall contain the uwal stendcrd mortgagor clause or such other clause as the Mortgagee may require, mek'nq the loss under said pot{- - ties, each and every, payable ro said MORTGAGEE as in inta:reat [nay appear, end each end ovary tuck policy shall be promptly assigned and delivered to any held by said MORTGAGEE es further security td sold mortgage debt, and, not lase then tan (1U) days In advance of the expiration cf each policy, to de- liver to ta!d MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall bs no fin or windstorm insurance placed on any of said bui:dings, any intense therein or, part fhsrwf, valets In the form and with the sou payable ss aforesaid; and In the avert any sum of money becomes payable under such policy or policies a{a MORTGAGE'_ shell hors tf.e option to riceive end apply the tome on sccount of the indebted- ness secured hereby or to permit raid MORTGAGORS t0 tsrceive and use It or any part thereof for other purposes, v: ithout thereby wa,v ing or unp;n- ing anj--equity, lisp or ~iyht under w by virtue of this mortgagt~ and in the event acid MORTGAGORS shall for any reason fail to ?seep the raid premises so insured, or fail to deliver promptly any of said policies of insurance to raid MORTGAGEE, or foil promptly to ~~y fully any premium therefor or in any aspect fail to perform, dischuge, execLta, affect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such insurance or any part Thereof without waivirsg or affecting any, option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due end payable and shall bear Interest from the date thereof until paid at the rata of nine per c•ntum per annum end together with such Interest ahull ba secured by the ~~en of thin mortgage. 4. To permit, commit er suffer no watts, impairn or dateriorstion of acid propery or any part. thereof. 5. To pay all and singular the coats, charges and expenses, including a rsasonabla attorney's fee and costs of abstracts of title, incurred or paid at any time by raid MORTGAGEE, because or In the event of Ure failure on the part of tM said MORTGAGOR to duly, promptly and fully ~ -form, discharge. execute, effect, complete, comply with and abide by each and every the atil,srlationa, agreements, conditions, and covenants of raid promissory note and this mortgage any or either, and said :osta, charges and expenses, each end every, shall be Immediately due and payable; whether or not there be notice de nand, attempt to collect or suit pending; oral the itrd amount of each and wary wch payment shall bear interest from the date thereof until paid at the rate of nine per centum per annum; and all said cpsts, charges and expenses ir,currsd o: paid, together with such interest, shall be secured by the lien o} this mortgage. 6. That (a) in the event of any breach of this Mortgage or dLfault on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after t?te same severally become due and payable, without demand or notice, or (c) in ate.event each and every the atipvletions, agreements, conditions and covenants of said promiuory note and this mortgage any or either are not duty, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by, then in either or any such event the said ag- gregate sum mentioned In said promissory Hots then rcmalning unpaid, with interest accrued, sad ell moneys secured hereby, shall become due and pay- eble forthwith, cr thereafter, at the option of said MORTGAGEE, ss fully end cornpletely as if ell of the said sums of money were originally stipulated to M paid on such day, anything in said promissory note or In thin Mortgage to the contrary notwithstanding; and thereupon or thereafter et the optiun of said MORTGAGEE, without notice or demand, wit at law M in equity, tkerofore or thareafler begun, may bs prosecuted as if all moneys secured hereby had matured prior to its Institution. `~ 7. That in the event that et the beginning of or at any fime pending any euii upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, wid MORTGAGEE shall apply to the Court having jurisdiction thereof for the appoint~-ent of a Receiver, such Court shall Forthwith appoint a receiver of raid mortgaged property all and singular, including all and singular the income, profits, issues and revenues from wherever source derived, each and every of which, it being expre~aly understood, is hereby mortgaged as if specifically set forth and described in the granrrng and habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an rdmitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvent} of said MORTGAGOR or the defendants, and that such rents, profits, income, issues end revenues shall L+e applied by tuck Receiver according to the lien or equity of raid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, Comply with and abide by each end every the ttipvlations, agreements, conditions and covenants in 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 other then the N,OR7GAGOR, the MORTGAGEE, is successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage end the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or upon tht debt hereby secured. No sole of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sue.=ss~rs or assigns and no extension of the time for the payment of the deb. hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole or in part. 10. tt is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se cured hereby thail at any time thereafter be 'teid to be a waiver of the terms hereof or of the instrument secured herby. ll. in addition to the foregoing monthly payments of princ~pel and interest required by the promissory neie secured hereby, mortgagor covenants and agrees to pay tc mortgagee with each monthly payment on sddrtional sum estimated by mortgag^e to be equal to 1 ; 12 of the annual cost of the follow- inC.: y A-All real property taxes levied or assessed against the above described real estate. B -Premiums on Sire and windstorm inwrance es herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to ti~re notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each wccessive month thereafter until mortgagee shall notify mortgagor of a change in wch st;ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insvrar.ce prenuums, and mortgage guaranty insurance premiums. . IN VyITNESS WffEREOF, the said MORTGAGOR has hereunto sit his hand and seal the day and year first afcreseid. j Had, led ~livcred in the presence of: • C (~ _ _ (Seel) • - a.~, yerit.ai~ (Seal) (Seel3 STATE O'r FLORIDA St. Lucie ~~ COUNTY OF eared Enfx Lazenby Boone, a single adult and Ne.ney Jane Boone ll f y app ore ma persona Be a single adult and Rebecca Sue Boone, unmarried xfl(axaxfx to me well known and knovrn to me to be the individuals described in and who executed the foregoing instrument, end acknowledged before ma that they executed the same for the purposes therein expressed. lGs~JCJE x~~ft~~ffDktf@Cd4~)4t~ wife of the raid ~cLUDL~4s1fi1~lC.9FgUGSE JQD[~?G?C t ~tT(D('i.sTa7CaZJ63UGlUi?[i)«yG)t;?~ 7fAEi~daD?4dQdC~Ed6DCJ[dEd4y1F1YcgEeTl]ldCd6~Ik7o2ErXa3fa~CaXB~dGdQJ / ~ 7G71QCJirltsgeiC13t57QJ~7~bC4E OC7a]QA9fJiG3ftOC1Q7~lsGCD[ ~~ /Vo / EA./ EIQ A. D. 19 si L of hi- ~+Z "~~ da l l c ua WITNESS my hand and officia y ~ otary Public in and for the Statn of Fbridt at Large ~•. •~ "('~~ '`4 .~ ~ ~ ~, C ~ •`~iatPrr'~p; y Commission expires: - ~ Notary Public, State of Florida at Largo FT~s~ F~{1;Rial•Savirtg( di fga~t Auxiation T•~Y COmmas on Expires April 24, 1965 Bonded by Amercan Surety Co. of fti. 't' 1 ~. r~~ Pfrfrce, F9oridR . 32 -~ ' ~ ~ ~ ~~~G •'~%~ - l A Q ECO DED J.` . ~'~' • ~~~ ' .. ; ~ :~;1 ~ _ ; ~ 1962 y0V 13 AM ~ . ' . : ~ , ~ ~, 1 ITRl~S CLERK _ ~~' ~~ -~ , ~t~~ : ;c:t ' OG~ ' ~ ~ .~ , ;.~'~•..?;; R . • CP pUNT`t, fEORIDA ST. LUC ~ •.4.;. ; ~ , t _.._-. __..._.-... -_-__ IIR9li 1~ I'