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HomeMy WebLinkAbout0635~~~~ ~~ P~~s~~ - 3. To place and continuously keep on the buildings now or horaafto~jity~~~ja~liMO/nFf'ohie~6q+~l:,.nent and personally covered by this mortg- oge; with ell premiums therwn paid in full, Piro Insunr.u to the usual }ta r pofi~r.iwrn;'i+t'Y°'a~Jrt~' approved by the MORTGAGEE, •nd windstorm ins~rsrca In the usual standard policy form, In a cum approved by the ktOR1GAGEE, in such company or Companies as the MORTGAGEE may directr and alt fire and windsrorm Inwrann policies on any of told buildings, any Interest therein or put thereof, in tM aggregate sum aforesaid or In excess thereof, she!! contain the wad standard mortgsgee clause pr ouch other cliuse a tM Mortgagee may require, making the loo under said poli- cies, each and every, payable to sold MORTGAGEE as its intsrtst may appear, and each end every such policy shell be promptly ats:gned and delivered to any hold by Laid MORTGAGEE is further axw(ty to said rnortgege debt, and, trot less than tan (10) days to sdwnce of the expiration of each policy, to de- liver to told MORTGAGEE a renewal thereof, togotfur with a receipt ter the premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildings, any Interttt therein or part, thereof, unless In the form end with the loss payable as aforesaid; and in the event any cum of money beca:ses payable under such policy or pollclis told MORTGAGEE shell have the option to receive and apply the Como on account of the indebted- "' nest secured hereby or to permit said MORTGAGORS to reeelw and use It or any pert tMreof for other purposes, without thereby wai~iny or nnpyi:~ ing any equity, lion or right under orby virtue of this mortgage; and In the want said MORTGAGORS shell fo- any reason foil to keep the said premises w insured, or fail to deliver arc+mptly any of said policies of Insurance to slid MORTGAGEE, or fail prornptiy to pay fully any premium therefor or in any respect fail to perform, .ttscharge, execute, effect, complete; comply wl;h and abide by thin covenant, or any part hereof, said rORTGAGEE may place and pay for such insurance or arsy parr thereof without waiving or effecting any option, Ilan, equity, or right under or Sy virtue of this Mortgage, and the ~vN amount of oath end every such payment shall'be immediately due -nd payable and shell boar interest frcm the dart thereof until paid at the rata o1 r.ir» per centun. par •nnu'n and together with such interest shell be secv,:d by Cho lion of thh mortgage. 4. To permit, commit or suffer no waste, impairment or deUrtoration of sold nroprrrty or any part 7herrof, 5. To pay ell and singular 1M costs, charges and experssb Including a reesonebla attorney's fee and xus of abt!racts of title, incurred or paid et any time by raid MORTGAGEE, because or In the event of the failure ors the part of the said MORTGAGOR to duly, promptly arW fully perform, discharge, execute, effect, complete, comply with and abide by euh and every the tt(pulationt, agreements, conditions, and covena,ns of said promissory note and this mortgage any or tither, and ttid costs, charges and expanses, each and ovary, shall be immediately due and payable; whether or not there be notice da -mend, attempt to collect or suit pending; end the full amount of each and awry such payment shall bear interest from the date Mereof until paid at the rate of nine per centum per anm~m; and all said costs, charges and expanses incurred or paid, together with such interest, shall be secured by the lion of this mortgage. 6. That (a) (n the event of any breech of this Mortgage or default on tfte-part of tM MORTGAGOR, or (b) in the event any of raid sums or money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and pzy.hle, without demand or notice, or (c) In the event each and every the stipulations, agrsementt, conditions anti covenentt of said promissory note and this mortgage any or either are not iuly, promptly and fully performed, dit:barged, executed, effected, completed, complied with and abided by, then in either cv any such event the said ag~ gregate cum mentioned in said promissory Hots then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due end pay- ` able forthwith, or thereafter, at the option of raid MORTGAGEE, as fully arsd completely et if all of the raid sums of money were originally stipulated `-~ to be paid on such day, anything in raid promissory note or in this A -to.sge to the contrary notwithttanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or In equity, therefore or thereafter begun, rr.y ba prosecuted as if all moneys secured hereby had matured p:ror tc its instiwtion. 7. That in the evero that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any ciaimt hereunder, raid M(RTGAGEE shell apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged-property all end singular, including all and singular the income, profits, issues and revenges from whatever source derived, each and every of which, it being expressly understood, it hereby mortgaged es if tpecificeliy set forth and described in the grer,t,r.~ sad habendum clauses hereof, and such Receiver shell 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 at an admitted equity and a matttr of ebtolute right to raid MORTGAGEE, and withoe,t reference tc the adequacy or inedequa~y of the velar of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues end revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, cornply with and abide by each end every the stipulations, agreements, conditions end covenants in said promissory note and this mortgage let forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its tucceswrs and assigns, may, without notice to the MORTGAOR, deal with wch successor or wccessor in irderesr with reference to this mortgage and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under orupon the debt hereby secured. No szle of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEc or its successors or assigns and no extension cf the time for the payment of the d±bt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time it of the essence of this contract end that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter bs held to bs a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly paymanta of print'pal and interest required by the prom'tscry note secured hereby, mortgage; covenants acd agrees to pay to mortg.gee with each m.onthiy payment en rdditional cum estimated by mortgagee to be equal to 1 j"12 of the annual cost of the fellow- i,.g: ' A-All real property taxes levied or assessed against the above described real estate. B-Premiums rn fire and windstorm inwrence ea herein required to be carried on the improvements tkvate on the above described premis^s. C-Premiums on wch mortgage guaranty insurance at mortgagee shall from time to time deem fit to carry on the loan secured hereby. k.ortgagee shall from rime to Lima 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 successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN \YITNESS WHEREOF, the said MORTGAGOR has Re:evnto sat his hand and zeal the day end ar first aforesaid. tigited, Se d and Ivor ~n tti resence of: ~ ' ~~Seal) - r5eal) ~ _(Sea I) STATE OF FLORIDA - ceurfrr of Saint Lucie u' Before me personally appeared ~eT`nard R_ Wiahen.r. 8 S~ nDl_g Adi]1 fi a~X f~,J¢Q(p, to me well known and known to me to be the individuals described In and who executed the foregoing instrument, and acknowledged before me that t a executed the same for the purposes therein expreued. ~7CJt'~f..71nC _ w~ WITNESS my hand and official teal this-1~ - day of Nnvnm}vo~+ __~ A D. 19~_ ~~ ~ ,~s,; ~,,< . r" Notary Public in and foF, tkse Stafs of Fbrida at Largo ~'•~( ~•. My Commission expire, o dry ubn~, Slate o. r.~r.,a ai Larfe .• Re^arn,Tw ~y~~tnbmission Expires Nov. 3, 1905 Firtr. FttBeT:!~Sa~l ~ Cpan e••^-~-•~^^ y American Surety Co. of N. Y. " ..._L3i. f~'~iarCe. r~ L Foti`P;er/rl,~~rida r j) -t',., . 11.0:~~~ IN ~cAryD~F~p~DB OK 1962 ~iOV i 3 AM ! 9 : E ROGER P017RAS, CIE~tK ST. LUCIE COUNTY, F~.OR;DA ` : ! ~. ~. . ~l ~ •-fi , ,1 ~ ./~ ~r / .,', ' t ~ r ` ~.