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HomeMy WebLinkAbout1182BORK ~lj FhtE i)~:J - 3. To place sad contir,uouriy kea~ on the buildings new or Mreafter aitwto on said land and on all aquipn:ant and personally mverod by this nrong- ege, with q11 premiums thereon paid in full, fire Lvurenca in the us:.•et ats.xlerd polity form, in a wm approved by the MORfvr.GEc, and windstorm insvrnnce in the wval standard polity form, in a wm approved by the MORTGAGEE: In such company or cen•.paniea as tiro M,ORTGAGEF. msy direct; end ell fire and wh,dstorm inwrsnca policies on any of said buildings, •ny Interest therein or part ;Mraof, IrT,M a99~~ lotaasunderosa d 1poii in excess thereof, shell conie~n tM uwal standard mutgagss dauae or such other davae a tM AnorrgayTa cn'iha!labarpromptlygasa:gr)ad end delivered to ties, each end every, peyable to acid h50RTGAGEE as its Interest may appear, and oath end every wch pc ' y Pol. y eny held by said MORTGAGEE as further security to wid mortgeg• debt, and, not lass than ten (10) days in advance of the explrstton of each rc to dr- liver to raid MORTGAGEE a rer_wal thereof, together with a receipt for the premium of such renewal; and chore shall be ~ fire •or windstorm Insurance placed on eny of said buildups, any interest therein or part thereof, unless In the form and with th• Iws psyabl• a aforesaid; snit 'in the avant any Burn of money becomes payable under avch policy or policies said MORTGAGEE shall have the option to receive end apply the tame on account of the indebted• Haas secured hereby or to permit said MORTGAGORS to reserve and use It or any Part thereof for other purposes, without ih^reby waiving or ~mP~'r' ing any equity, lien or right under or by virtue of (hit mtvtgager end in the event said MGRTGA:aORS shall for any re(Ulon a^II toremevm therefoPrornrin sang inwred, or tai! to deliver promptly eny of said policies of inwrar.ce to cafe MORTGAGEE, or fail promptly to pay y Y P resprct fail to perform, discharge, execute, effeU, complete, comply with and aside by thtt covenant, or any pan hereof, said MORTGAGEE may place and pay for such insurance or any part thereof without waiving w affecting any option, lien, equity, or right under or by virtue of clefs Mortgage, end the full amount of each and every avch payment shall be immediately due and payable and shell bear interest from the date thereof until paid et the rate o1 Hire per centvm per annum and together with such interest shall be secured by tM lien of this mortgage. 4. To per,nit, commit or suffer no waste, impairmer,T or deterioration of said property or any pan thereof. 5. To pay all and singular the costs, charges and experoes, including a rarwnable attorney's fee end corn of abtiracta of title, incurred or paid at any time by said MORTGAGEE, because or in the event of 1M failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions, and tovenanta of said promissory note and this mortgage any or either, and said setts, charges end expenses, each and wary, shall ba immediately due and payable; whether or not there ix notice do- nand, attempt to collect or suit penduag; and the full amount of each and every such payment shell bear intereU from the date ihtreof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses irxurred w paid, together with wch interest, shell be secured by the lien of this mortgage. - 6. That (a) in the event of any b: each of this Mortgrge or default on tM par; of the MORTGAGOR, or (b) in the areal any of said sums of money herein rrferred to be not promptly and fully paid within thirty (30) days next ef-er the name severally become duo end payable, without demand or notice, or (c) in the event oath and every the etlpuletions, agreements, conditions end tovenanta of said promissory Hots and thin mortgage any or either are not i•.:ly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such avant the raid ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall ixtome due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if e!I of the raid sums of money were originally atipuletrd to be paid on such day, anything in said promissory nett or In this Mortgage to the contrary notwithstanding; end tMreupon or thereafter e! the option of raid MORTGAGEE, without notice or demand, suit at Lew or in equity, therefore or thereafter begun, may be prosecuted •a if all moneys secured Mreby had matured prior to its institution. 7. That in the event Chet at the beginning of or at any time pending any suit upon this !Vlorigege, or to foreclose it, or to reform it, or to enforce r payment of eny .aims hereunder, said MORTGAGEE shall apply to the Court having jurisdictior, thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property ell and aing~~ler, including all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged es if sp^cifically set forth end described in the granting and haberdum clauses hereof, and such Receiver shell have ali the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court es an admitted equity and a matter of absolute right to said MCRTGAGEE, end without reference to the adequacy or inadequacy of the value 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 shell be applied by avch 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,.effed, complete, comply wit(t and abide by each and every the stipulations, agreements, conditions and covenrnts in said promissory note and thin 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 MORTGAGOR, the h10RTGAGEE, its srrccetsors and assigns, may, without notice to the MORTGOOR, deal wish such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Morigsgor without in any way vitiating or discharging Tf;e Mortgagors' liability hero- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the peyrtent of the debt hereby secured given by the MORTGAGEE or its auccesaors or assigns, 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 specifically agreed that time la of the essence of thin contrart and that no waiver of any obligation hereunder or of the obligation te- cvred hereby shnli at any time thereafter ba held to be a waiver of the terms hereof or of the instrument secured herby. i 1. In addition to the foregoing monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor cevenantt and agrees to pay to mortgagee with each montF.ly payment an additional aum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real eatete- B-Premiums or. f;re and windstorm insurance as heroin required to be carried on tM improvements situate on the above described premhes. C-Premiums on such mortgage guaranty insurance ea mortgagee shall from time to time deem fir to carry on the loan secured hereby. Mortgagee shall frem time to time notify mortgagor in writing of tM amount due end peyable hereunder a,id such sum shall thereupon be due and payable on the due date of the next monthly payment end each successive month (Mreafter until matgegee shall notify mortgagor of a ch:age in such a:r.ount. Such sums shall M applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN 1VITNESS EREOF, the said MORTGAGOR hat hereunto set his hand and seal the day end yea first afores~ai . ign ,, jSe ed a d d ivered in the presence of: ~~~,s-a-~+.~ /CYs Sear `"'- (Seat) (Seal) (Sear STATE OF FLORIDA t S~ COUNTY OF Saint Lucie ` Laura B. Hancock, a aing~-e adult the Before me personally appeared to me wall known and known to me to be iividual described in and who executed the foregoing instrument, and acknowledged before me that ShLiCexecutad the name for the purposes therein expretaed. ;>~~a!c>vaecxDt . ~ac~aai,.~cat .r.,.,ar-Y,.,r>.".~t~r~aaE WITNESS my hand and offkiel seal y¢.ao+ya:ruar ur+..e.~.~»~-~ ~----.- --- xex~nta;Kd ~iQ lls. D. 19 a" da of ~ '~ ~~~~' Y T-~_~t'T'Tr tary Publk in end for 4M Scats of Florida at Large 1~-~~~® /- / y Commiaaton expires: ~/~ OF Fort Pierce. a . ~ Al~~r° `~- ~C~Q~.. - - . .~:- • . .,y .' '~rlrlrittlsNa Return.To: First federal Savings 6 Loan AssotiaT(on ' Notary Publio, State of Florida at Large C C(~ My Commission Expires April 24, 1955 Fl~~D AND L~D D~QD~ , ` BG~dfid by American Surety Co. of N. Y. iN [i ,,,,.,r,,,.,,,;,; . 161 NOY ~~ 1 ~ ~• ~ ..... :;a.~ r ~'. •-. ROGER S7. LUCtE , POITRAS, LIEI~X, ~..`~ s,l, ~,., .;,:,. ~- CO(~ktY, Fl©R~D~ ~~r-- ~'~ " J.• j ~f' ~C' '~rrl rr.r'" k 2'` t r~