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HomeMy WebLinkAbout1178e~"~ ~ ~iJ ~ACE~"1 ST. ! l'i!E ~'Uk'~, ~ A. 3. "o place end continuo.,.ly keep :ut ttio buildings row :r hereafter tihrate on sai~ is.td and un all equipment and peronally covered by this mortg- age, v.ith e!I premiums thereon paid in full, firs tnsurerce in the usual thrdord policy form, in a wm approved by the MOP,ivAGEE, and winds'~rm imurcnce in the usual standard policy form, in a tun, approved by the h4JRTGAGC`., In such company or company: as the MORTGAGEE may direct; and ell firs end wirtdHorm intV/anCt policies on any of said twildingr, any interest therein or pert thsrsol, 1n the aggregate sum aforesaid or in excets thereof, shall corroin the usual rrendard mortgagee chute or wch other clause as the Mo7tga,~se may raqurrs, tusking the lost under raid poli- cies, each and every, payable io said MORTGAGEE as its interest may appear, sod each anC tvery such policy thsll be promptly ais.gned and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not lets than ton (10) dsyt in advance of the axptratioP of each policy, to dr liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and (here rhall be no fire of windstorm inwrance placed on ony of raid buildings, any intareU therein or part ihareof, unless In the form and with the lost payable as aforesaid; and In the event any sum of money becomes payaFla under such policy w policies raid MORTGAGEE shall hays the option to receive end apply the Lama on account of the indebted- ness secured hereby or to permit said MOkTGAGORS to receive and uN it or any part H:rreof for other purposes, withuut thereb/ wsivrng or unpeir- iny any equity, lien or right under or by virtue of Chit mortgage; and in the avant raid MORTGAGOP.S shell for any reason fail to keep the slid premises to insured, or fail to deliver promptly any of said policies of intvranca to teid MORTGAGEE, or tail promptly to pay fully any premium therefor or in any respect fail to perform, dbchergs, execute, effect, complaH, comply with end abide by this covenant, or any part hereof, raid MORTGAGEE may place a~~d pay (or tech insurance or any part thereof without welving or affecting soy option, Ilan, equity, or right under or by virtue of this Mortgage, sod the full amoun! of each and every such payment rhaii M immediately due and payable and shall bear interest from the date thereof until paid et the rate of nine per centum per annum and together with such interest shell 6e secured by the lien of this cor!gsge. 4. To permit, commit or -v!t:r^" waste, ?mpalrmenf ur deterioration ci tald property or any part thereof, 5. To pay all and singular the coats, rharges end expenses, including a reasonable attorney's tae and costs of abstracts of title, incurred or pa;d •~ any timr by said h10RTGAGEE, because or in the event of the failure on the part of the raid MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end every the stipulations, agreements, conditions, and covenants of said promissory note and Chit mortgage any or either, and tsid costs, charger and txpentes, each and every, shall be immediately due and payable; whether or not there be notice dr mend, attempt to collect or tuft pending: and the full amount of each and erery tvch payment shall bear interest from the date thereof until paid et the rate of nine per centum per annum; and ail said cosh; charger end expenses incurred or paid, together with wch interest, shat: =as recured by the lion of Chit mortgage. ' 6. That (a) i~ the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said rums of money herein referred to be nor promptly end fully paid within thirty (90) days next after the tome severally become due end payable, without demand a notice, or (c) in the event each end every the stipulations, agreements, conditions and covenantt of teid promissory note end this mortgage any or either are not fuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then kt either or any wch event the teid ag- gregate sum mentioned in raid promissory note then remaining unpaid, with interest accrued, and all rnoneyt secured hereby, shall become due end pay- able forthwith, or thereaher, at the option of said MORTGAGEE, as fully end completely at if all of the :aid wmt of money were orrgmelly stipulated to be paid or, such day, anything in said promissory note or in this Morigaga to the contrary notwithstanding; end thereupon or thereafter at the option of said MORTGAGEE, wittw~ut notice or demand, suit et law or in equity, therefore or thereafter begun, may be prosecuted es if ell moneys secured hereby had matured poor to its institution. 7. That in the event that et 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 claim: hereunder, said MORTGAGEE shall apply io the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of raid mortgaged property all and singular, including all and singular the income, profits, issues and revenues From whatever source derived, each and every of which, it being expressly understood, it hereby mortgaged at iF specifically set forth and described in the granting and habendum clauses hereoF, and such Receiver shall have all the broad and effettive functions and powart in anywise entrusted by s Court to a Receiver, and such appointment shall be made by such Court as an admitted equity end a matter of absolute right to said MORTGAGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the tolvency or insolvency Of said MORTGAGOR or the defendants, and that such rents, profits, income, issuer and revenve- shall be applied by such Receiver according to the lien or eq•.rity 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 end every ine stipulations, agreements, conditions rod covenants in said promissory note and chit mortgage rat forth. 9. That in the event she ownership of the mortgag•d premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its tuccessort and ess~gns, may, without notice to the MORIGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in rite came manner ar with Mortgagor without in any way vitiating or discharginn the /hortg:gore' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pert of the MORTGAGEE or its tuccestors or assigns and no extension of the lime for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ats~gnt, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10- It is rpecificelly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se• cured hereby sF.all at 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 payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to moriga~ee with-each monthly payment an additional cum estimated by mortgagee to be equal to )/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvemeMt situate on the eEwve described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Aortgagee ,hall from time to time notify mortgagor in writing of the amount due and payable hereunder and ruck cum shall thereupon be due and payable on the due date of the next monthly payment and each succestiva month thereafter until mortgagee shell notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee roward the payment of real property taxes, insurance premiums, and mortgage gvaronty insurance premiums. It\ WITNESS Y!HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and veer first aforesaid. -~Siflne S~aled d efivere the presence af: ~.,1 dLs.tt/ 1 a I) (Seep ---r- - -(Seal) (Seal) STATE OF FLORIDA SS. COUNTY OF ~t . Lucie Before me personally appeared T?A 1 nh ~,-- T' A . t a~ .OrP.nf3 M_ Fl_ t -hit wife, to me Quell known and known to me to be the individuals desvibed In and who executed tt» foregoing inttrum~nt, end acknowledged before me that they executed the tame for the purpotet therein expressed. And the told Lorf3na l'; . _ Fi at Yr ---- wife of the raid ~ ~a h F • FZA fa upon a separate and private examination by ma taken raparate and apart from her tsid husband, atkrwwledged to and before me the: she executed raid irutrvment freely and volutr rarity and without any compulsion, constraint, apprehension, or fear of w from her said husband. WITNESS m~ hand end official teal Chit ~6 day of NOVfambf3 A. D. 19 Notary Public end for the State of Flcrlda at Large My t:ommiufon expires: Return To: - flrst Federal Savings d Loen Association , + ~~ ' ' -__' Of Fort Pierce. c~t biCtliry public, State of Flotilla at t0r>~b - ',• '~_~ "' Fort Pierce, Florida 1,.~b`6'~ My Comrn'ss on Exp'ies "der^h 11 1966 _- ~,~~~~ ~ ~ .~ •. ~,. Bonded o~ Amer:tan Surety Co. of N. 't. _ i ~1 ~ , = ~iIED AND RECD DAD ...,r,r,.,, . - ... ~,, ~ : _ _ . 1 ROGER POITRASr CIERK '-~ r ~ `~~ ~ ' ; - _r _~- ' ''r~~rrirttrt;stt~' . _-- - ST. Lt~C1E COUNTY, FLOR10~=- ~,:::"~j~~:' '-- -____-- - ., ' ~ rr !tlrrir e ~~