Loading...
HomeMy WebLinkAbout11499081( ~D PATE 4~~ 3. To place and conHn:wvsly keep un the twifdinga now or hareafgr situate an said lend and on all equ(pment end personally covered by this n.ortg• aye, with dl paamiuma thereon paid in full, firs insuranu !n the vwel standard policy form, in a wm approved by the MORTGAGES, and windsto,m insurance in the uaua stardard policy f«m, In a sum approved by the MORTGAGEE, in such company or companies at the MORTGAGEE may dirK1; ersd r.;l fin sd windsT«m inwrance policaa on any of said buildings, any Inhrsst (herein or part thereof, In tM aygreg+te sum aforoseid or in excess thereof, shat; contain the usual standard rtsortgayee dwse « aLch other clause as the Mortgagee may require, making the loss under Paid poli- cies, each artd every, payabb to geld MORTGAGEE a its interest may appear, and each and every wch policy shall be promptly ass-.fined and delivered ro. any held by Bald MORTGAGEE as further security to said m«tgaga debt, and, not lass then ten (10) days to advance o' the expiration of each policy, to de- - liver to aald MORTGAGEE a renewal thereof, together with a receipt for the premium of ouch renewal; and there shall be rso fire or windstcrm insurance plated on any of Laid buildings, any interest thereon « pert thereof, unless in the form and with tho loss payable es aforesald; and In the avant any sum of moony becomes payable under avch policy or pcliciet said MORTGAGEE abaft have the option to receive end apply the some on account of the indebted• neu secured hereby or to permit said MORTGAGORS to receive and use it « any pert thereof for other purposes, witf:ovt thereby wairiny or urFau- ing any equity, lien or right under « 6y virtue of this mortgagor and in the event laid MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail to deliver promptly anY of sold policies of insurance to said MOQTGACiEE, or fail promptly to pay fully any premium thtrefor or in any respect fall to pert«m, diuharge, execute, affect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such insurance or any pert thereof without waiving of affectirsg any option, lien, equity, or rigFd ;•ndar or by virtue of this Mortgage, and the full amount of each and every wch payment shall be immediately due and payable end shat! beer interest from th9 date thereof until paid et the rate of - nine per centvm per annum and together with wch interest shall be secured by the I:en of thin mortgage. i. To permit, comma « suffer no waste, impairment « deterioration of said property « any pert thereof. S. To pay all and singular the costs, charges end expenses, including s reasonable attorney's fee and costs of abstracts of title, incurred or paid st any time by said MORTGAGEE, because or in the avant of the failure'on the pert of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, affect, complete, comply with and abide by each and every the stipvletions, agreements, conditions, and covenants of said promissory note end this mortgage any er either, and said costs, charges and expenses, each and every, shall M immediately due and payable; whether or not there be notice dz mend, attemot to collect or suit pending; and the full amount of each and ovary such payment shall bear interest from the date thereof until oaid at the rate of nine per centvm per annum; and ell said costs,, charges end expanses incurred or paid, together with wch imerep, shall be secured by the lien of this mortgage. b. That (s) in the evenT of any breach of this Mortyaye or default on tfse pert of the MORTGAGOR, « (b) in the even) any of said sums of money herein referred to be not promptly and fully paid rovithin thirty (30) day} next after the same severally become due and payable, without demand or notice, or (c) in the event each end every the stipulat?ons, agreements, conditions- and covenants of aeid promissory note and this mortgage any or either are not duly, promptly end fully performed, discharged, executed, effected. completed, complied with and abided by, then in either or any such event the said ag• gregate sum mentioned In told promissory note then remaining unpaid, with interest accrued, end all rnonr`ys secured hereby, shall become due and pay- able forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely cs if all of the said Burns of money were originally stipulated to be paid on Both day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter es the option of said MORTGAGEE, without notice or demand, 'suit et few « in equity, therefore or thereafter begun, may be prosecuted es if all moneys secvted hereby had matured prior fo its institution. 7. That in the event that at the beginning of or at any time pending any suit upon thin Mortgage, or to foreclose it, o: to reform it, or to enforce payment o1 any claims hereunder, raid MORTGAGEE shall apply to the Court having jurisdiction (hereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all end singular, incl:xl~ng all end singular the income, profits, issues and revenues from whatever source derived, each end 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 brood and effective functions and powers in anywise entrusted by s Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end withcvt reference to the adequacy or Inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall ba applied by such Receiver according to the lien or equity of said MORTGAGEE and th_ practice of such Court. B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the rrwrtgaged premises, or any part thereof, becomes vested in a person other then the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with tv<h successor or successor in interest with reference to this mortgage and the debt hereby :=..'red 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 tale of the premises hereby mortgaged end no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MURTGAGEE or its successors or assigns, shall operate to release, discharge, modify change « affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that tune is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby ahsil at any time thereafter be held to be a waiver of the terms hereof or of the instrument Bacot:---± herby. il. In addifon to the foregoing monthly paymen•s of print'pal and interest required by the promasory Wore tecvred hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to br equal to 1 / 12 of the annual cost of the foliow- in:~: A-Ali real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance ss herein requ'ued to be carried on the improvemenh situate on thn above desvibcd premises. C-Premiums on such mortgage guaranty insurance es mortgagee shall from time to time deem fit to carry on the loan secured hereby. f.5ortgagze shall from time to time notify moitgagor in writing of the anwvnt due and payable hereunder and such sum shall thereupon be due and t;ayab!e 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 mothagee toward the payment of real property taxes, insurance premiums, and mortgage yvaianty insurance p: e:nivm;. IN VlITNESS WHEREOF, the said MORTG..:.OR has-hereunto set his hand and seal the day and year first aforesaid. _ Wed Sealed e~ alien the,presencs of: ,,._ 1, ~ lJZtt esl) - ~ (Seal) ~ (Seal) STATE OF FLORIDA ~ ~ _ • • ~ : (; C. ~ :; St. Lucie ~~ •~ COUNTY OF Before ma personally appeared T _ ,' ~~--,~ _ -T~~ pie ~.gTartTlfan hit wife, to me well known add kno vin to rqs to ~_, the individuals described in and who executed the foregoing lnstrurnent, end acknowledged before me that they executed the fame. for'ti~ put sir" Helen R. i+ewnfin ~~ ~ ~~ ~~ - ~~ ` tharetn er.)+ressed. And the seirf -?~ , sc.-Z` j1 wife of the sa;d Jo Boob R • i~ewmari tipgrr a tsparate and Qrlirete . examination by me token separate and apart from her said hvsbpnd, acknowledged to and before trio that she executed said instrument fw;~ ao~'Jv¢tun~ eerily and without any compulsion, constraint, apprai+ension, mbar of or 'tom he Bald husband. ~~rr]'~` WITNESS my hand and official seal ihis~~ L day o` ~~ `P f '~ ~' ~ D1:U~~ ~~ Notary Publi~and fofor the SL t f rat La '. c fllE AND RE~ORUED My Commission expir~Atdry PUg1~, S?1dT~ ~ • a a ~oo{( Mty Commission Expires ~+o'~• -%, lr~''S Rarurn to: ~ ~p{'(Tr[l_ 1~ gp~dcd by Amett~~ Surety ~o. of N. Y. First Federal Savings b Loan Asseciat~ L-'aasi.'r'r°r Of Fort Pierce. I I ~ I' For' Pierce, Florida 1962 N4V 26 Q~ ~~~ '` ; ~ r ..~ _ ', - ,~ . :,, ' ~~' - • i . ~- ft4~uCE COU RASrC!~~KA • `