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HomeMy WebLinkAbout1087 3. To place •nd continuously keep t.n fM bvlldln.~s now cr hereafter alh,ato on said lend and m all equipment and pe~onaCy covered by this cwrtg- ye, with al! Faemlums thereor. prid in full, firs Inwrenco in else utval starsderes p01kv feria, in t wm approved by rM MORTGAGEE, and windstorm inwranca In tM uswl standard policy form, In • wm aspro~ sd by tM JNORTfiAGEf, in such company or companies a she. MORTGAGEE may d'ircct; and ail fire trd windsrorm Fnsurarste polkies ors any of said buildings, arty Inhrett tMrein nr put ttsereof, In else aggregate wm •foruaid or in excess thereof, shall cattalo tM usual uandard rnortgsgee clavu or such other ciauw es tM Mortgagee may require, rtt}Aing the ions under said oot6 ties, oath and every, payable ro said MORTGAGEE q It- Interest may appear, end each •nd every such policy shall be promptly ess,gnad end delivered to soy held by sold MORTGAGEE » fvriher seturlty to uid r'twtgape debt, and, rsct Ise tMn ten (iJ) days In advent-. of the axpirNion of each policy, to r?s- Ilvet to uiG MORTGAGEE s renews) tMreof, togatt»r with • receipt for the premium of such renewal; •nd the•.• sMll bs no firs or windstorm Irouranca pieced on •ny of said bulldirsgt, any interest therein or, part thereof, unless it tM form and with the loss peyable as aforesaid; and In the event any sum oT money becomes peyable under such policy or policTis said MORTGAGEE ahull Mve the option to receive and apply the same on •ttoum of the isdebted- nets secured hereby or to permit saki MORTGAGORS fo reulw end uw It or any part thereof for other purposes, without thereby waiving or impair• ing any equity, lien or right under or by virtue of tMa mortgsgsr aid in the event acid MORTGAGORS shall fw any rsaw~ fail to keep the said premises so insured, er fail to deliver promptly any of sold policies of insuran<e to sefd MORTGAGEE, or fail promptly to psy fully any premium therefor or in •ny aspect fail to perform, discharge, execute, effect, complete, comply with end abide by this cos•enent, or any part hereof, sefd MORTGAGEE may place aid pay for •uch Insurance or •ny pert tMrsof without waiving or affecting •ny option, lien, equity, or riglst under or by virtue of this Mortgage, and the full amount of each end every such payment shall be immediately due and payable and shell bear interest from tM data thereof until paid at rtes rate of nine per centum per annum and together with wch interest shell be secures; by tM lien of this mwtgsge. 1. To permit, commit or suffer no waste, impairment or deterioration of ssid prcperry or any part thers•~f. 5. To pay ail and singular the costs, charges end expenses, including c reasonsble attorney's lee and corn of abstracts of title, Incurred or paid et any time by sefd MORTGAGEE, because or in the event of rtes failure on the part of the said MORTGAGOR to duly, prcvnptly and fully perform, discharge. execute, effect, complete, comply with and ac,de by each and ovary tM stipvistiont, agreements, conditions, and covenants of said promissory note and this mortgage soy or either, and said costs, charges and •xpenua, each and every, shall be immedistely due and psyabls; whether or not there be notice do- mend, attempt to collect or suit pending; and rha full anwunt of oath and svsry suite payment shag boar interest from rha date thereof until paid at the tree of nine per centum per annum; and all said teats, charges and expanses incurred or paid, together with such interest, shall fx secured by rha lien of this mortgage. , 6. That (s) in the event of any broach of this Mortgage or default on the pert of the MORTGAvOR, or (b) in the event any of acid rums of rt,oney herein referred to be not prom; sly and fully paid within thirty (30) days next after the same teverslly become due end peyable, without demand or notice, or (c) In the avant each and every the ~ipuietions, egreemants, conditions a,td covenants of uid promiswry note and This mortgage any or sithar are not 1vly, promptly and fully performed, diuharged, execu!ed, effected, completed, complied with end abided 5y, than in either or any such event the said age gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, es fully and completely as if ell of the said sums of money were originally stipulated to ba paid on such day, anything in ssid promissory note or in this Merrgege to the contrary notwithstanding; and thersvpon or thereafter at the option of said MORTGAGEE, without notice or demand, suit et law a In equity, therefore or thereafter begun, may be prosecuted •s if ell moneys secured hereby had matured poor to its InstiWrion. 7. That in the event i:sat at the beginning of or at any lima pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof far the appointment of s Receiver, such Court shall forthwitk appoint a receiver of said mortgaged property oil and singular, incisrlrng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressi; understood, is hereby mortgaged es if specifically let forth and described in the granrina and hatxndum clauses hereof, and such Receiver shall have alt the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall fie made by such Court as an admitted equity and a matter of absolute right to raid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvtr;cy of raid 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 and fully perform, discharge, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage let forth. 9. That in the event tM ownership of the mortgaged premises, or any part thereof, becomes vested in a person ether than the MORTGAGOR, the h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successo: in interest with reference to th,s mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging rha 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 1r.ORTGAGEE or its successors or assigns and no extension of the rime for the payment of rha debt hereby secured given by rha MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MOkTGAGOR herein, sithar in whole or in part. 10. It is specifically agreed that time is 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 fx held to be a waiver of the terms hereof or of the instrument secured herby. l 1. In addition to the foregoing monthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants acd agrees to pay to mortgage with each monthly payment an additional sum estimated by mortgagee to be equal to 1,'12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. ' f3-Premiums on fire and windstorm inwrence es herein required to be tarried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insuranct as mortgagee -chest from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from Lima to time notify mortgagor in writing of the anwunt due and payable hereunder and such sum snail thereupon be due and payable on the due date of the next monthly payment end 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 WITNE EREOF~e said RTGAGOk. has fiereunto set his hand and seal the day end year first aforesaid. S' al de ed I th presence of: ~ -(Seal; _ i (SeaIJ (Seal) L (Sea!) STATE OF FLORIDA St a Lucie _ I u. COUNTY OF Before ma pertonelly sppeared - W • ~ • nt121I1 and C: f3mmi a I?L121Y1 his wife, to me well known and kno~xn to me to be the lndividvals described in and who executed the foregoing instrument, end acknowledged before me that they executed the Lama for the purposes therein expressed. And tM uid. C a-i17t1 i 8 Pu-t~l wife of rha acid y~ • A • DL1TL1'1 upon a separate and private examination by me taken separate and apart from her raid husband, atknowtedged•to and before rtse that she executed said instrument freely and volvrr eerily and without any compulsion, conatreint, apprehensio o: fear of a from her acid husband. WITNESS my hand end official seal this- ~ day of ~ U ~~ r ~-. P.. D. 19 ~OL- ~. ~: y 11US.1~, _ Notary Pubitc In and., o< . s State of F ids at Large My Commission ex res y l~t)li ,.,,, ilaturn To; TY ,Still! ~+~ Firu.•f'edefs t S Loan Association fbrdi at large -.• .~ „ 1 MY Cotnmi:sion Expires tan. 24, 1964 .~(., •••~f KY7~~~4rrce. 1,~~~j~ >'7NY Rr..CVRaEIJ .. hided A~Ae.ric.a fta Q Cuw- < v ..Fort Piar[~, .frio/isla I~~ 1 MS's r ~+ ^; ~' .°. UO~K 196-N01~ 2~ Phi 2: 42 RQGER P01?RASr Cl€RI< -, , st. tuclE cou~rrr F~oRIOA r ~~ - f V '" Vr =. j.s ~.