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HomeMy WebLinkAbout1153B6R!( 5!~ oA~~~89 9. To piece and contlntvuely keep on the buildings now or Mrsafier situate un sild land and on ell equlpmen; and personally covered by This mo:tg sgs, with •II premiums thereon Maid in full, flr• Inwranc• in the usual starxlard policy form, in • svm approved by the MORTGAGEE, end windstorm Inwrance In the uwal Nandard policy form, In a sum approved by fhs MORTGAGEE, fn wch company or companies •r the A10RTGAGEE mey direct and all firs and windstorm Insvrarsce polkler on any of said buildings, any Interest therei.t or part thereof, in the aggregate svm aforesaid or In •xcsa thereof, shall contain the usual standard mortgagee clause or sorb other dwte as the Mortgagee mey require, making the loss under said polf- ctes, each and every, payable ro raid Iy10RTGAGEE as Its tnterat may appear, and each and every tuck policy thsll be promptly sat fined end delivered to any held by told MORTGAGEE as further s~.~rity to told mortgage debt, and, rot lass than ten (10) days In advance of the expiration of eech policy, fo de- liver to Laid MORTGAGEE a renewal tMrsof, together Wlth a receipt for the premium o} such renewal; and chore shall be no firs or winduerm insurencs plated on eny of uid buildingb any Intents therein or part thereof, unlau in the form and with the loss payable as aforesaid; and In the avant eny rum of money be<omst paysbl• under such policy or poticles teid MORTGAGEE shall hays the option to receive and apply the tame on account of the htdebted- nest secured hereby or to permit ofd h10RTGAGORS ro receive arxf use it d any pert thereof for orhar purposes, without th-reb~ wah;ng or enpair- ing any equity, lien or •'~~ht under or by virtue of thh rt+ortgage; and in the event said MORTGAGOitS thsll for env reason fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail to perform, ditchergs, execute, affect, complete, comply with and abide by this covenant, or any parr hereof, said MORTGAGEE may piece a•.d pay fw such Inturancs or any pert thereof without waiving w affecting any option, lien, equity, or right under er by virty of this Mortgage, and the full amount of oath end every such payment shall be immediately due and payable end shall beer interest (rum the date thereof until paid at the rata of nine per centvm per annum and together with such interest shall ba secured by the lien of this mortgage. 1. To permit, commit or suffer no wsate, Impairment a deterioration of said property or eny part thereof. 5. To pay all end ainguler !ha costs, charger end axpentat, including a reasonable attorney's tea end costs of abstracts of title, incurred or paid et any rim: by raid MORTGAGEE, Fxcausa or in the event o} the fails•re on the part of the said MORTGAGOR ro duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by eech and every the ttipvletionr, agreements, conditions, and covenant. of said promissory note end this mortgage any or either, and said cotta, charges and •xpen-es, each and every, shall be immediately due and payable; whether or not there be notice de- mand, attempt to collect or suit pending) and the full amount of eech and every such payment shell bear interest from the date thereof until paid at cite rate of nine per cenrum per annum; and ell tsid costs, chsrgq and expenses incurred or paid, Together with such interest, shall be secured by the lien of the mortgage. d. That (e) in the event of any broach of this Mortgage or default on tM part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not pror.tptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) In the event each and every the stipulations, agreements, conditions end covenants of raid promissory note and :F.~s mortgage any or either are not iuly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by, then in either or any such event the raid ag- gregate cum mentioned in raid promissory note then remaining unpaid, will, interest accrued, and ell moneys secured hereby, shall become due and pay- eble forthwith, or thereafter, at the option of acid MORTGAGEE, es fully end completely at if all of the said sums of money were originally st~pu!ated to bs paid on such day, anything in acid promissory note or (n this Mortgage to the contrnry notwithstanding; end thereupon or thereafter at the option of raid MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time 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 jvrisdictior. thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property ell and singular, including ell and singular the income, profits, issuer end revenues from whatever source derived, eech and every of which, it being exprestly understood, is hereby mortgaged at if specifically set forth and described in the granting and habendum cleutea hereof, and such Receiver shall have all the broad end effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to Laid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of Paid MORTGAGOR or the defendants, end that such rents, profits, income, issues and revenues shell be applied by such Receiver according to the lien or equity of said MORTGAGEE end the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end curry the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vetted in a parson orhar then the MORTGAGOR, the h10RTGAGEE, Its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or succr:.sor in interest with reference to this mortgage end the debt hereby secured in the same manner as wish 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 er its successors er assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either 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 si•ail et any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In addition to the foregoing monthly paymentc of princ~pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payment an additional svm estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follos~- ing: A-All real property taxer levied or assessed against the above described real estate. B--Pramiu:rs on fire and windstorm inwrance ea herein required to be carried on the improvements situate on the above described premises. C-Premiums on wch mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. hortgagee shall from time to time notify mortgagor in writing of the amount due end payable hereunder and such sum shall thereupon ba due and Fayab.e on the due dare of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in wch amount. Such sums shall be applied by mortgagee toward the payment of reel property taxes, inwrence premiums, and mortgage guaranty insurance premiums. IN t41TNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ -Leal d and del, ed In the presence of: +~LS~ r -- `r-1_ (Seal) (Seal) (Seal) (Se a I) STATE OF FLORIDA COUNTY OF _ ~ t+ s., L' 1 C ~ @ ~~ Before me personally •pp.ered rFvrtle Hicks a & W~C~OW ~~ to trio well known and known to me !o be the Individuals described In end who executed the foregoing instrument, and acknowledged before me that :t~axecuted the same for the purposes therein expretsed. }7LwTaYl7C F..,&QOi}ifOCOGsCJ:YIfC - 7fJ~DSl~7[pSltdLf JfdQJ~.Df5lF1]C X5!'C+~1Jt ~(.~}C~~[~SCrJ~~7~Q~[SXx1C?X1~~1C~~}.1SCCsX1~~47SXAnn~40rrT[3ti7f~C23CXc1d763fdfdCdCsYt1G]CifiYitX_.YtaGA:1;TLSSa,asat~axev,vxrr.tucnr_v WITNESS my hand and official seal this ~. y ~.. day of T~nV r, _______, A. D. 19.s_JL i (~ ~J 1 (J~JS~ fJOtary Publ(c In an for the Stets of Fbrida et Large My Commissicn expires: Return To: ~ , A ~ n ~ ~^.,~D First Federal Savings 3 loan k` ttfff({{"r~~"t"aa 't{,+l+f Of Fort Pierce. ~_ 1 Q~V UOUI\ •, I) tJ otary Fub~ c, ~;-~~e ~~ F!cr;da at Larp,O Fort Pierce, Florida lay Comm -; ~n j ,•~ r,.S ~'•.;rcit 11, 1956 . 1962 NOV 25 qM I I. (' Bon~e~ by ;lmerici-t Surety Co. of N. Y. ~,+:•: r •• ~~~•.; ROGER FOiTRAS, CLEkK •.~.• _•', t ' 'ST, LUCIE COG~Yr FLjO RrI - . l r _) ~ ... ~ . ~~ + .:):'iii.. - c. j ' 1 , ..... ; t:" - c. "l~f~ ,I, li •:rrr i'lit"~~~~• J~~ L.