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HomeMy WebLinkAbout1151BbnK ~~ Pdt",E~C71 ~. To place •nd continuou-ly keep ors rise bullr.'rrspa now or Mraafrer -Itueta on raid lend and en all equlpmant and panontl:y covered by thlt morrg- ege, with ell premiums thereon paid in full, ilre Irxurante In the usual rNrxlard f,oli<y form, in a wm approved by the MORTGAGEE, and windstorm inwrance in the uwsl ttsndard polky form, in a sum approved by the MORTGAGEE, In wch cornpeny or companies at the MORTGAGEE msy direct; end all fir. and windstorm Lowrance poildN tan any of aid krulldinga, any interest therein or part tMreof, In the aggregate wm afcresald or in excess thereof, tMll contain tM uwal ttsndard mortgage. ciwte or such other clause a the Malgagea may requva, making .he lost under raid poli- cies, each and ovary, paysble to aid MORTG.gGEE a Its fnterett may appear, end each and every such F`O!icy shall t),l promptJy •sr goad and delivered to eny_Mld by aald MORTGAGEE at further security to wid mortyag• debt, and, not lass then tan (10) dart In advance of the expiration of aech policy, to do- liver to tsid MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall t,e no fire or windstorm inturarc• placed ors any of sold bulldirgt, any interest therein a part thereof, voters in the form end wits the loss payable as aforesaid; end in the .vent any cum of money becomes payable under tuck policy or policlet raid MORTGAGEE shall have the option to recoiv end apply the same on account of the indebted- ness secured hereby or -o permit told MORTGAGORS to receive and ufa it or any pert thereof for other purposes. without ;hyeb: w~wn,g or unpau- Ing any equity, Ilan or right under or by virtue of this mortgaget •nd In the avant raid MORTGAGORS shall for any raaton fell to keep the said premises so insured, or fail to deliver promptly any of Laid policies of intutsnce t~ raid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fall to perform, discharge, execute, •fiect, complete, comply with and abide by this covenant, or any parr hereof, said MORTGAGEE may place a~~d pay for such Intursnce or any pert tMraof without waiving or affecting any option, lien, equity, or right under or by virtue o. chit Mortgage, end the full amount of each end ovary such payment shall be immediately due and payable and shall beer rnterett from the date thereof until paid at the rate of nine per cantum per annum and together with such interest shall be secured by the lien of this mortgage. 1. To permit, comma a suffer no waste, Jmpelrment a deteriordion of aid property or any part thereof. 5. To pay all end tlrsguler the costs, thsrget end expenses, including a reasonable rttorney's fee end costs of abstracts of title, Incurred or paid st any lime by raid MORTGAGEE, hecaute or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with end abide by each end every the ttipulations, sgreeme~it, conditions, and covenentt of said promissory not- and this mortgage any or either, and said coat, chsraet and expenses, tech end every, sMll bs immediately due and payable; whether cr nor there be notice de- mand, attempt to collect or tuft pending; and the full amount of each and ovary such payment shall liar intarast from the date thereof until paid at the rate of nine per centum per annum; and all raid coUS, cherget and expanses incurred Or paid, together with wch interact, shall ba secured by the lien of this mortgage. 6. That (a) in the event of any breach of chit Mortgage or dr fault on the part of tM MORTGAGOR, or (b} in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or n_~tice, or (c) in the event oath and every the ttipulations, agreem•ntt, tonditiont and covenentt of said promisrury no'e end !hit mortgegt any or either era not duly, promptly end fully performed, discharged, executed, of}acted, comaletrd, complied with end abided by, then in either or any such event the raid ag~ gregate wm mantloned in said ptomiuory note then remaining unpaid, with interest accn~cd, ar~d elf moneys tccured hereby, -hall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely rs if all of the said sums of money were originally stipviated to be paid on such day, anything in said promissory note or in that Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of raid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, msy be prosecuted et if all moneys secured hereby had matured poor to its institution. 7. That in the event that et the beginning of or st any time pending any suit upon this h5ortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, raid MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, tuck 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, aech ar ~ every of which, it being expressly understood, is hereby mortgaged as if ;pacifically set forth and described in the granting and habenifum clauses hereof, and wch Recewer shall have all the broad and effective functions and powers in anywise entrusted by a Court to a keceive;, ar,d such appointment shall be made by such Court es an admitted equity and a matter of absolute right to aid MORTGAGEE, and without reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendentt, and that such rents, profits, income, issuer and revenuer shall be applied by such Receiver according to the lien or equity of raid 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 ttipulations, agreements, conditions arw covenants in tsid promissory Hots and this mortgsga set forth. 9. Tfrat in she event the ownership of the mortgaged premises, or any part thereof, becomes vetted in a person other than the MO°TGAGOR, the MORTGAGEE, Its successors and atrigns, may, without notice to the MORTGAOR, deal with such successor or successor in 'nterett with reference to this mortgage and the debt hereby secured in the same msnner as with Morrgsgor without in any way vitiating or discharging tFK Mortgagors' liability Ilert• under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns end no extension of the time foe the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shell operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, wither in whole or in part. 10. It it specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured Mraby shall at any time thereafter be held to ba a waiver of the terms hereof or of the instrument secured herby. I i. In addition to the forsgoi~g monthly payments of princ pal and interest required by the promissory rota secured hereby, mortgagor covenants and agrees ro pay to mortgagee with each monthly payment an eddirional sum estimated by mortgages to be equal to 1/12 of the annual cost of the follow- ing: ' A-All real property taxes levied a assessed against the above described real estate. B--Prerniurns on fire end windstorm insurance et herein requited to be csrried.on the improvernentr situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time does fit to tarry on the loan secured hereby. Mortgagee st,alt from time to time notify mortgagor in writing of the amount due and Fayabie hereunder and tvch sum shall Ihereulwn be due and payable on the due date of tote next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change rn such ar,evnt. Such rums thali be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and teal the day and year first afor aid. 5' ed, sled a delivq~f i 11~ pretence of: _j (/ ~~'~~{ (Seal} os~ ~^ ~ t~JLY?~--fl-~s-~ (Seal) ___(Ssa I) (Seal) STATE OF FLORIDA St. Lucie ~' couNTY OF . f Before me personally appeared Karl LQrs aOn ' : ,. ,and Vilma Larsson his wife, to me well known avid fOpov/!i, ~¢ fdy'fo'6 the individuals described in and who •xacuted tM foregoing instrument, and acknowledged before m• that they e;.ecutad the yaarQ.~frir the Fvff~s z. Velma Larsson ''" '~"-= therein expressed. And the said _~ . ~ ~J'~` wife of the raid Karl Larsson___ ripon:a 22epJ`te eht}-priv&~'' examination by me taken separate and apart from her said h band, acknowledged to and before me that she executed said %nstryn`ri~freely`and vtolsrit-r _ rarity and without any compvision, constraint, eppreMnsior t fear of w from Mr Bald husband. - ~ ~ c" - N o v emb r ~ : ~ a,~;oAl,T ~6~ Y11TNE55 my hand and official teal chit ~ ~ day of - ' ~r-~ "-;f-- - first Federal For [[~~ -mar =~=-~-".;a~..--=:~--- ry ~ ~~ Notsry Public in and for the State of Florida gt L rt My Commission axpiMvtary PSJb!ic, State of ~F~d!•1U~' at Larf?e a • My Comrllission Exp.res Nov. 3, 19bS Attocie~ ~ BOOK Bonded by American Surety Co. of N. Y. 1562 ItiOV 26 AM I I: i i Ratvrn To: Savings G Loan OF Fort Pierre. t Pierre, fiorida ROGER POITR,aSr CLERK .,-=~:.•~...;.~..~:.'., ~-;,:- ST. L'JCIE CO~i//r Rlb~'~.,,-, '..... .,;.-'~ .. I ~ ' ` . , tJ ~~