The URL can be used to link to this page

Home My WebLink About0990~l. ~ + 9,'i~K ~U c,~rc~~~ ;i. To piste end rortf:nuoutly keep nn the buildings now or haresiter situate on tald land and on all equipment end personally covered by th?s mortg• age, with ail premivrns thereon paid in full, fire Insurance to the uswl standard policy form, in a :vm approved by the MORTGAGEE, and windstorm insurance In the usual ttanderd policy form, in a sum apprcred by the MORTGAGEE, In such company or companies at the MORTGAGEE tray direct; and all fire and windstorm inwrance policies on any of ssid buildings, sny interest theroin or pert thereof, in the aggregate wm aforesaid or in excea thereof, shall contsin the uwsl ttanderd mortgagee clause a such other clauu at the Mortgagee may require, msktng Iha loss under laid poli- cies, each end every, payable to said MORTGAGEE as iu interett may appear, and each end every such polity shall be promptly au grad and delivered to any he'd by wid MORTGAGEE at further security to said mortgage debt, and, not tats then ten (10; days In advance of the expiration of each policy, to de- livrr to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and (here thall be tso lira or windstorm tnsurancr pieced on any of raid buildings, any interett therein or part thereoF, unless in the fo.m and with the loss payable at aforesaid; and in the avant any sum of money becomes payable under such policy e• policies said MORTGAGEE shell have the option to receive and apply the ssme on account of the irdebtad- ness secured hereby or to permit said MORTGAGORS to receive end use It or any part thereof for other purposes, without thereby waiving or cnpa~r ing any equity, lien or right under or by virtue of this mortgage; and in the event said h10RTGAGORS shall for any reason fail to keep the said premises so insured, or fail to deliver p~omptle any of Laid policies of insurersca to said MORTGAGEE, or (ail promptly to pay lolly any premium therefor or in any respect foil to perform, discharge, execute, effect, complete, comply with and aside 6y this covenant, cr any part hereof, said MORTGAGEE may place ai d pay for such insurance or any part thereof without waiving or effecting 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 InteceN from the dote thereof until paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of Chia mortgage. ./. To permit, commit cr suffer nn waste, impairment or deteriorstion of raid property or any part thereof. 5. To pay ell end singular the costs, charges end expenses, including a reasonable attorney's fee and costs of abstracts of title, Incurred or paid at any time by raid MORTGAGEE, because or 3n the event of the failure on the part of the raid MORTGAGOR to duly, promptly end fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulerions, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, charges end expenses, each and every, shall be immediately due and payable; whether or net there he notice dr mend, attempt to collect or suit pending; and the full rmourt of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per centum per annum; end al{ said costs, charges and expenses ir_urred or paid, together with such interest, shall be secured by the lien of this mortgage. - - 6. That (a) in the event of any breech of this Mortgage or default on rho part of the MORTGAGOR, or (b) in the event any of tale; sums of money herein referred to be not promptly end fully paid within thirty (30) days next otter the tame teverafly become due and payable, without demand or notice, or (c) in the event each end every the t'ipulationt, agreements, conditions and covenants of said promissory note and this mortgage sny or either rte not duly, promptly and fully performed, d~tcharged, executed, effecird, completed, complied with and abided 5y, then in either or any such event the said ag y-regata sum mentioned in told promissory note then remeinir>,,}unpeid, with interact accrued, end a'I moneys secured hereby, shall become due and pay- ab a forthwith, or thereafer, et the option of [aid MORTGAGE`-, et fully and completely as if ell of the said sums of money were originally snpuletzd to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and rhereupo.s or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law o: in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pros to ill institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fo'§~lose lt, or to reform it, or to enforce payment of any claims hereunder, said .MORTGAGEE shelf apply Io the Court having jurisdiction thereof for the appointment of a Receiver, wch Court shall Forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues end revenues from whatever source derived, each and every of whicti, it being exprett!y understood, is hereby mortgaged as if specifically set forth and described in the granting and habendvm clauses hereof, and wch Receiver shall have all the broad end effective funct~onr and power in anywise entrusted by a Court to a Receiver, and s.~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to raid MORTGAGEE, and wetisout reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said h50RTGAGOR or the defendants, and that such rants, profits, income, issues and revenuer shall be applied by such Receiver according to rho lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions end covenants in said promissory note end chit mortgage let forth. 9. That in the event the ownership of the mortgaged premises, er any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal 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 talc of the premises ftereby mortgaged and no forbearance on the part o* the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ess~gns, shell operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either rn whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that ne waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print pal and interest requ~•ed by the prom asory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgayee to be equal to l,' 12 of the annual cost of the follon~- ing: A-All real property taxes levied or assessed against the above desaibcd real estate. f3 Premiums 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 insurance es mortgagee shall from t~mo to time deem fit to carry on the loan secured 'Hereby. r,5ortgagce sha'I from time to time notify mortgagor in writing of the arnovnt due and payable hereunder and sorb 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 wms shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty inwrance premiums. IN YyITNES$ VYJ'IEREOF, the said MORTGAGOR hat hereunto set his hard and seal the dry and)'year first of res 'd. - gned, a ed and de' Brad in the pretence of: "',~Y~~ ~~~rrr~"""~~~ (Se a I~ ~ ! // ~~ _-(Seal) ~ -- __ -(Seal) -- rce,n STATE OF FLORIDA I } SS. COUNTY OF _ C i' • Ll1C; v Before me personally appeared ThC)rilf3.S sT ~lt1E', t,t end j•1ae T T31.1_lf3tt his wife, to me well known and known to me to be the individuals described in end who executed tie foregoing instrunstnt, and acknowledged before ere that they oxecuted the same for the purposes therein expressed. And the laid T`13F' T r ~~llBtit. .. wife of the said --_ rfi10111f13 sT • R1.U9tt upon a teparate+nd private exarninatior. by me taken separate and apart from her said hutbend, acknowledged to and before me that she executed said instrument freely a~r3~volun- tarily end without any compulsion, constraint, epprshensicn, or fear of or from bar old husband. WITNESS my hand end official seal ihis~th day uf_ llOVE;P1beI' A. D. 19 6? 5~ ~°~~ Notary Public in and for the State of Florida at Large My Commission expires: Return •To: - Fint Federal SavSngt 3 loan Atsociatiun NOt~ty FUb'.C, ~`: 'C Of F'or-d~ ijt Largo O! fort Pierce. q (~~ h1y GOn;nlS~ cn Ex^ res T.larch I1, 196b Fort Pierce, Florida ~_p.~J. 1s54 ~'Ofld~s: by Amor~can SLifOFy ~0. 01 N. Y. l ~~ll i .. ,~ , ,~ . • ,~, . -~ ~. ~~~ N F1LE0 AND RECORDED I I~ ----U.ffiri~.l_.R~aui 6 0 0 K 1962 NOV zU PM 2: SO ROGER POITPAS, CIER~ SI, IUCI~ COUNTY, fLORIDACe r s ~ r`t,y. Imo: ~~y~., t _ - r ~i r ~ , s - .. .. . t 2`~~