HomeMy WebLinkAbout1290Q~R~ ~0 ~~~~G2S
7. To place end continuously keep on step twildings now or hereafter -ituate on said (snd and on ell equipment and personally covered by this mortg-
age, ..ith all premiums (hereon peid in f.,ll, fir inwrente in the uw~l sterxierd polity form, in s sum approved by the MORTGAGEE, end windstorm
insurance in thz uwat standard policy fwm, in • wm approved by the !-1ORiGAGEf:; Ir. wch company cr companies es this MORTGAGEE may
direct; snd sa fire and windUorm Inwronce polydes on eny of avid buildings, any intereN therein or pert thereof, in the aggrzgste wm aforesaid or
in excess thereof, shall contain the usual stendtrd mortgagee dauss or wch other douse as the hAo:tyegee mey~regvire, tusking the lo» under u~d poe~-
des, each end every, payable to said MORTGAGEE as its in;ereU may appear, and each and every wch poltc; shall be promptly e~sgned end delivrrrd to
eny held by acid MORTGAGEE ss further security to acid mortgage debt, end, not lass Than ten (10) days in advance of the expiration of each pol.cy, to de-
liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of n.ch renewal; and there shalt be no fire or•windstonn insurance
placed on any of said ovildings, an;• interest therein or pert thereof, unless In the form and with the loss payable as sforesaid; end in the event any sum
of money becomes payable under such policy or policies said MORTGAGEE shall have the option fo receive end apply the same on account of the indzbtrd-
ness secured hereby or to permit said MORTGAGORS to rrceivo snd use it w any part thereof for other purposes, without th:r~br w~a i~i.,~ yr i.np,c•
ing any equity, lien or rit•ht under or by virtue of this mortgage; and in the event raid MORTGAGORS shall for any reswn fart to keep the said premises so
insured, or fail to deliver promptly any of said policies of inwrance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
respect (ail to perform, discharge, execute, effoct, complete, comply with end ebida by this covenant, or any part hereof, said h10RTGAGEE may place a~~d
pay for wch insurance or any part thereof without wsiving or affrting any option, lien, equity, or right under o• by virtue of this Mortgrge, and the
full amovm of each and every such paymem shall be immediately due and payable end shall bear interest from the dale thzreo( until pad et the rate of
nine p°r centum per ~nnu:n and together with such interest shalt be secured by the lien of this mortgage.
4. Tn permit, commit « suffer n~ waste, imN~i; ~ act or deterioration of said property or any pert thereof.
5. To pay all and sirgvlar the cosh, charges and eaprnses, including a reasonable attorney's fee and Costs of abstracts of tide, Incurred or paid at
any time by said MORTGAGEE, because a In the event of the failure on ths'part of the uid MORTGAGOR to duly, promptly and fully perform, discharge.
execute, effect, complete, comply with end abide by each end every the stipulations, agreements, conditions, and covenants of said promissory note and this
mortgage any or either, and said cosh, charges end expemes, each and ovary, shall be immediately due sad payable; whether or nor there be notice d»
nand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid et the
rare of nine per centvm per antrum; and all said costs, charges end expenses irscurred or paid, together with svdt interest, shall be secwed by the lien of Ihb
mortgage. -
5. That (a) in the avant of any breach of thin Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to he not promptly end fully paid within thirty (30) days next after the same severetly become due end payable, without demand or notice,
or (c) in the event each and every the stipulations, agreements, conditions and covenenta of said promissory note and this mortgage any or either are no!
duly, promptly and fully performed, discharged, exeorted, effected, completed, tornplted with end abided by, then in either or any such event the said erg
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay
able forthwith, or thereafter, at the option of. said MORTGAGEE, as fully and completely es if ail of this said wma of money were or~gma~ly stipulated
to be peid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suit et law ar in equity, therefore M thereafter begun, may be prosecuted as if all moneys secured hereby
had matured poor to cis inatituiion.
7. That in the event that at the beginning of or at any time pending any suit upon this M.~rtgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jvriadiction (hereof for the appointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property ail and singular, Indud~ng all and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly vrderstood, is hereby mortgaged as tf specifically set forth and described in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entruate.'. by a Court to s Receiver, and
wch appointmen; shall br made by such Court as 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 tc the solvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenue: 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 a:,d ebida by each end every 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 pert thereof, becomes vested in a person other than tine MORTGAGOR, the
h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage end the debt hereby secured in the same manner as with Mortgagor without in any way vitiating o+ discharging the Mortgagors' liability here-
undzr 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 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, either in whole or in pert.
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 se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In :dd;tion 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 mcmhiy payment an additional sum 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 estate.
B-Pre.~uvins on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises.
C--Premiums on such mortgage guaranty insurance as mortgagee shell from lima to time deem fit to carry en the loan secured hereby.
1llortgagr•e shall from lima to tune notify mortgagor in writing of the amount duo and payable hereunder and wch sum shall thereupon be due and
payable on the due date of the r•~~t r-,o.~ihiy payment end each successive n.~nth thereafter until mortgagee shall notify mortgagor of a change in such
a•vount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, end mortgage guaranty inwrance
premiums.
IN \'IITNE55 \YHEREOF, the sa~•.l MORTGAGOR has hereunto set his hand end sea! the day and year first fo id.
__~ed~ Baled a deiivej~9 in the presence of:
<_ ~
ap
STATE OF FLORIDA
St . Lucie ~• •
COUNTY OF -----
Before ma personally appeared ~ T ~r1 st and
_ TZsene (~'t+j 4t: __ .his wife, to me well known.r,nd'krirpYr~"to ma to be
the Individur!s described in and who executed the foregoi instrument, and acknowledged before me that they execvtttd .seta ~rr~', }Cy ()f}r~ frwrposes
(herein expressed. And the raid Irene gist - •"~ --
wife of the said C, • J • C1'ist ;~pbn arypaHte arxf•pivits
examination by me taken separate and apart from her said h:,s end, acknowledged to end before me that she executed said r(stivinhnt' f lq1 and'.vdur.
rarity and without any compulsion, constraint, apprehension,~fear of or from her wfd husband. - '~..._ b ~' /:n -
WITNESS my hand and official seal this- ~ ~ '' day of_ ~ - ' ~'" y A. D~~9l2 ~
~ _e .
Notary Public in and for tM State`6f F2glid~srLalAt}~J -.>' '
My Commission e7t~~t~l'y f ublic, stei9:Af'Fb~(i<~,a'~~lairge
Rely ,a: ~Q My c;omm;ssion Exptr~S"N234. 3, 1965
First Federal Savings b losn P.ttociation 1~_~ I ~'Z SOtlded by Atf18P1C5(1 $Nrety •Cia:;Of ~`l. Ya
Of Fort Pierce. F~• - ANA RECORD~iI `-~ ~~:.~~
Fort Pierce, Florida . . ~~Of\
(~-
~ ,
~~_ "• ~ • ~; - ~ - 1962 NOV 2
- s~ .~, ,.R• ~ - CIERK . .
. _- •~ ~ ° :.:.~~~• ~; ROGER POITRASa .
' --, ;,.f. ,, ~' -• •,, : ,.-_ Si. LUCIE COUNTY, FLOlZIOA
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Seal)
> (Seal;
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