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HomeMy WebLinkAbout0772G.R.. ~~ ~w'-j ` BC`~K `J~ IYGE / _~ 3 To piece and can+inuously keep on the buildings now or hereafter Utueta on said land end on all equiprnant and personally covered by this mortg- ege, with all premiums thereon paid in full, fire insurance In the usual stardard policy form, in a sum approved by the MORTGAGEE, and windstorm insurance in the usual standard policy form, in a sum approved by the MORTGAGEE, In such company or -ompeni:s as IM MORTGAGEE may direct; and ell fire end windstorm inwrance policies on any of acid buildings, eny inferess therein or part thereof, In the ag~regaia sum aforesaid or in excess thereof, shall contain the usual standard mortgagor clause or wch other dwse es tl~e Mortgapee may require, making the loss under ssid poli~ ties, each and Query, payable to said MORTGAGEE as its Interest may appear, and eech end ovary such policy shall be promptly ass gees and delivered to any held by said A10RTGAGEE as further sztvrity to said mortpags debt, end, nor kss than ten (10) deya In advance of the expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with • re:eipt for the premium of such renewal; and there shall be no fire or windstorm insurance placed on eny of said bui:dingt, ary interest therein or. pert thereof, unless in the Form end with the loss payable as aforesaid; and in the event any sum of money becomes payable under such polity a politic! seid MORTGAGEE shall have the notion .o receive and apply she tame on account of thz indebted- ness secured hereby or to permit said MORTGAGORS to receive and use it or any part thereof for other purposes, wl~hout thereby waiving ur r~;opal:- iny eny equity, lien or right under or by virtue of this mnrtgsge; end in the event seid MORTGAGORS shell for eny teaser, fail to keep the said pren~is=s so insured, or fait to deliver promptly eny of said polities of insurance to seid MORTGAGEE, or fail promptly to pay fully any premium therefor or in-any respect fail to perfona, discharge, execute, effect, complete, comply with and abide by this covenant, or er.y part hereof, said MORTGAGEE may p~aca a:~d pay for such insurante or any part thereof without waiving or affecting eny option, lien, equity, or right under or by virtue of this hlortgage, and the full amount of each and every such payment shall be immediately due ar,d payable and shall beer interest from the date thereof until paid al the rate of Hiner per centum der annum end together with such in'erasi shall be secured by the lien of ibis mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any pert thereof. 5. To pay all and singular the costs, charges end expenses, including a reasonab:e attorney's fee and ~psts of abstracts of title, incurred er paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly ar.d fully perform, discharge, execute, effect, complete, comply with end abide by eech and every the stipulaYons, agreements, conditions, and covenanh of said promissory note and this mortgage any or either, and said costs, charge and expenses, each and every, shall bs immediately due and oayab!e; wheth:: or not there be nonce d. mend, attempt to collect or suit pending; and the full emount of each and ovary such payment shall bear interest from the date thereof until paid ar the r rte of nine per cantum per annum, and all said costs, charges and expenses incurred or psi o~ether wit~i such interest, shall be tecured by 1Re lien of this mortgage. - ~ - 6. That (a) in the event of any Nreach of this Mortgage or default 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 X30) days next after the same severely become due and pa fable, without demand ur notice, or (c) in rho event eacls and every the ssipulations, agreements, conditions end covenants of said promissory note and this mortgage any or either are not duty, promptly and fully performed, discharged, executed, effected, completed, complied with and abided hy, then in either or any such event the raid ag~ gregate sum mentian.d in said promissory note than remaining unpaid, with interest accrued, and all moneys secured hereby, shall became due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully ar>d completely es if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the.sontrary notwithstanding; and thereupo,t or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured peer to its institution. ~ 7. That in the event ;hat at the beginning of or at any limo pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said h10RTGAGEE shall 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 and singular, indvd~ng all and singular the income, pruiits, issues end revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting 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 sf.all be made b}' such Court a; an admitted 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 she to. ency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and 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 end fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory Hate and this mortgage set forth. 9. Thar 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 successors and assigns, may, without notice to the MORTGAOR, de=! with such successor or Successor in interest with reference to this mortgage and 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 the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its wccesson or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au:gns, shall operate ro release, dnchuge, modify change or affec• the original liability of the MORTGAGOR herein, either in whole or in part. 10. Ir is specifically aoreed that lime is of she essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any tune thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add;ticn to rite foregoing monthly payments of print'pal and interest required by the prorn~story note secured hereby, mortgagor covenants a r.d agrees to ;>ay to mortgagee with each monthly payrr.ent an additional-wm estimated by morfgagez to kr_ equal to 1 j 12 of the annual cost of the follow- ing: A-All real , roperty taxes levied or asuss_d against the above described real estate. B--Premiu.s on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty inturance as mortgagee shall Pram time to tSme deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgzgor in writing of the amount due and payable hereunder and such sum shall thereupon be due and t,syab!e on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in wch emount. Such sums shall x applied by mortgagee toward the payment of real properly taxes, inwrance premiums, and mortgage guaranty insurance premi~mt- . ~ I1J ~'JITN Y' EREOF, .e said rshORTGAGOR has hereunto set his hand and seal the day and veer I slot Si ale el in th pr once of: _ _ `mfr ~~- (Seal) F ",/ - (Seal) ., `>•ru: s.t./ 1 _ (Seal) STATE OF FLORIDA St. Lucie ~~ COUNTY OF _ ) L. P. Girard and Before me personally appeared Louise F. Girard hie wife, to me wall known and known to ma to be the individuals described in and who executed the foregoing instrument, and gcknowle~ged }~fera me that they executed the same for the purposes therein expressed. And the said _ LOi.1186 I' . hLrard wits of the eaid La Pa Girard _, upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before mo that she executed said instrument freely and vciun- rarily and without any compulsion, constraint, apprehension, qr fear of or from her laid husband. WIT(~jE55 r,y hand and official seal thin ~`5 f` day of ~OV87Rb92' A.•D. 19 62 ~ ~ " .. ~ - Notary Public i nd o the Sta?a Lerida at Large - ~ My Cor:~mitaion exp e . l~.j~.`~~ Notary i<, State of Flcriaa ct lar7e ' - ~ ` ~ ~ ~ Retwri Ta''- . ._ a3 flirt federal -.SbtYijga b~Lobe Association My (.OrnmiSS10^ t:7c uET _ P Lan. i~, ii„~3 Of Fort Percy. E-: ^.ded Ir Ax.r~sae f.n 8 C.:.,;:r Ca . _~ Fort-f)ferce,' FlorEda FILED AND RECORDED . •• • IN. ~fficiat R~,~, ~ 800K . ,;~; , .. ,, _ • ` ~ • (962 NOV { ~ PM ~: 06 - "• ~ ~ R00 R Pn - _ _ ~-~ ~ :,••.~- ':ST. LUOIE COUNTY, FLORIDA /` Y !/ ~ .'.