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HomeMy WebLinkAbout1155~bR~ 50 eAc~ ~9~ 9. To place and contlnuaus!y keep oct the ! •ikl'rpt now or Mrsafter situet• or. old lend and rxt ell equipment and personally covered by this mortg- ege; with all premiums thereon paid !n full, Flre Inwrance in the u>,w! ttardard policy form, In a turn approved by the G\ORiGAGEE, and winds~orm insurencs :n the usual standard policy form, in • sum approved by the MORTGAGEE, In such compsny or ce npanies at the MORTGAGEE. may direct; and all lira and windstorm Inwrsnce policies on any of aid buitdirgs, any Interest therein or part thereof, in the aggregate wm aforesaid or In excess thereof, shall contain the uwal standsrd mortgagee deuce or such other dress as the Mortgagee may require, making the lots under acid poli- cies, each and ovary, payable to said Iy50RTGAGEE as its Interest may appear, end each and every such policy shall be promptly assigned end delivered ro any bald by raid MORTGAGEE as further security to aid mortgage debt, and, not Ists than ran (10) dsys !n advance of the a>.piretion of each polity, ro de- liver to said MORTGAGEE a renewal thereof, together trlth a receipt for the premium of such renewal; and there shall be ra fire or windstorm insurance placed on any of raid buildings, sny intarast thtrein or. part thereof. unless In the form end with rho loss payable as aforesaid; end in the event any cum - of money becomes payable under such policy or policies raid MORTGAGEE shell have the option to raceiva end apply the same in account of the indebtrd• Hess secured heeeby or. to permit said MORTGAGORS 10 raceiva and use it or any pert thereof for oche: purposes, without thereby waiving ur nnpev- ing any equity, lien or right under a by virtue of this mortgagee and in the event aid MORTGAGORS shall for any mason fail to keep the said premises := insured, w fail to deliver promptly any of said policies of insurance to raid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail to perform, discharge, execute, affect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may piacz a~~d pay for such inturarsce or any port thereoF without waiving or affecting any option, lien, equity, or right under or by virtue of thin h5ortgage, end the full amount of each end every ouch payment shall be immediately due end payable end shaft bear interest from the date thereof until paid et the rate o1 nine per centum per annum and together with wch interest shall be secured by the lien of thin mortgage. 1. T~ permit, commit or suffer rso waste, impairment or deterioration of raid property or any part thereof, 5. To pay all end singular the torts, charges and expanses, including s reasonable attorney's fee and coats of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in the avant of the failure on the part of the said MORTGAGOR to duly, promptly end fully perform, discharge. execute, effect, complete, comply with and abide by each and every the ttipuletions, agreements, conditions, end covenants of avid promissory note and this mortyage any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether ct not there be notice do mend, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof unlit paid at the - rate of nine per centum per annum; and a!I aid torts, charge and expenses incurred of paid, together with wch intarast, shall be tecvred by the lien of !his mortgage.' 6. That (a) in the event of any breach of this Mortgage or deFauit on tM pert of the MORTGAGOR, or (b) in the avert 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 end payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promissory note end this mortgage any or either era not luly, promptly end fully performed, d:achargrd, executed, effected, completed, complied with and abided by, than in either or any such event the said ag gregate cum .mentioned in said promissory note then rsmair.ing unpaid, with interest sccrutd, and all moneys secured hereby, shall become due and pay able forthwith, or thereafter, at the option of said A50RTGAGEE, as fully aril complataiy st if all of the said sums of money were originally stipv!ated to be paid,-on such day, anything in said promissory note or in this Mortgage !o Iha contrary notwithstanding; and thereupon or thereafter at the option of raid MORTGAGEE, withilut notice or demand, tuft at law or in equity, therefore or thereafter begun, may be prosecuted es 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 enforces payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith bppoint a receiver of raid mortgaged property all end singular, includ,ng all and singular the income, profits, issuei and revenues from whatever source derived, each end every of which, it bairsg expressly understood, it hereby mortgaged ea if specifically set forth end described in the granting and habendvm clauses hereof, end .uch Receiver shall Nava all the broad and effective functions and power in anywise envusted by a Court to a Receiver, and such appointment abaft be made by such Court es an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of raid MORTGAGOR or the defendants, and that such rents, profits, income, issvea 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 and abide by each and every the stipulations, agreements, conditions and covenants in said ;,r.~miasory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MOkTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, den! with such successor or successor in intereat with reference to this mortgage and the debt hereby secured in the same manne• as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sate of the premises hereby mortgaged and rw 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 MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in pa. t. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument tecvred herby. 11. In addition to the foregoing monthly payments of print pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an eddilional sum estimated by mortgagee to be equal to 1 / 12 of the annual cost of the follo.v- ing: A-All real property taxes levied or assessed against the above described real eaate. B-Premiums on fire and windstorm insurance as herein requ'ued to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tune to tune deem fit to carry on the tear, secured hereby. hortgagee shall from time to time notify mortgagor in writing of the amount due and payable he•avndar end such wm ;hall thereupon be due and Fayab!e on the due date of the nett monthly payment and each successive month thereafter until mortgagee :hall notify mortgagor of a change in :vch a~novnt- Such sums shall bn applies: ~_ _~ mortgagee toward the oayment of real property taxes, insurance premivrns, and mortgage guaranty insurance premiums. YeITNESS WHEREOF, the said lAORTGAGOR has herevn;o sei his hand end seal the day and year first aforesaid. gned~ Seal en delivered in the presence of: ~ ~ ~t,i•r.a-s*~+ i!~!~ -(Seal) r __ (Sea I) (Seal) ,e__n STATE OF FEORIDA St. Lucie ~' COUNTY OF Before ma personally appeared ~-Ci ar 9 Ori ?'1e V 8 r and TIA1'~' J~`~eT hts wife, to me wail known and known to me to be the individuals described In and who executed the foregoing instrument, and scknowledgcd before ma that they executed the carne for the purposes !herein expressed. And the acid i•i8.r~ aT. t'iOYfjr wife of the said ~ Cfl~son 1'teyAr upon a separate and privets examination by me taken separate and apart from her aid husband, acknowledged to end before me that the executed said instrument freely and volun- tarily and without sny compulsion, constraint, aFprehention, or fear of or from her said husband. WITNESS my hand end official seal this-~~h day of - ~~~ollemb~r i~_~_ A. D. 19 ~? f 1 ~ J + ~ Return Ta } n ~~ A ~ First Federal Savings b Loan Association I~ '~~~ oC ~'JIJo Of Fort Piece. Fort Pierce, Florida 17P~ i~Oia ~~ ~~' I • I ~" ~ • r ~~'%~"" ~ • ROGER P017RA5, CLARK ~~.• , J„~;;Y •; ST, LUCIE COUNTY, F ORIDA ~ ; ' ~ J ` ~ ,' ~ ~ 1 1 _ V ~~~ ~ ~ ~ fry ?ublic in and for the State of Florida et large Commission expires: Notary Public, State of Florida at Leeq~ AAy Commiss,on Ezptres April 24, 1965 Bonded by American Surety Co. of N. Y. ` `•~I" ~t f`` -tom. ~~ ~ .. .~ ~ :~ . ,~ • ,, .. .. ,~,~ r.