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HomeMy WebLinkAbout1376ao~K ~~. fAfE 1G ~.T i•+r~,~~'~~~a ALA , 3. To place env continuously keep on the bvilding• now w Mrea ~~tnlrfb' a end on.a(1 egv!pment and prsona!fy covered by this mortg- s~e, with •Ii premiums thereon paid In full, fire inwronce !n tM usual stardard policy forrn, In a cum approved by tM MURfGAGRE, and windatann insurance In !M uwal standard policy form, In • sum approved by the MORTGAGEE, in tvrh company to con.pa,tias as tM MORTGAGEE may drrop; and •II fire end windstorm inwrance policies on any of said buildings, any inte:ast tltaroin cr part fht:reof, in tM ogR,repctr wr,t aro•su1C or in excess Ihtreof, shall contain the usual sundard mortgages clauu or -uch otMr clause a the Mortgages ,rsay r.qutre, n:akirq tM foss under said pc.l7- cies, each and every, payable to said MOfTGAGE@ as Its interost may appear, and ass`s r J wary such p::icy steal: M promptly •as.gaed anJ dniiverad to any held by said MORTGAGEE es further security to old mortgage debt, and, not leu than fan (10) d.ys in advents of ttse •xpfrot:on of each policy, to de- liver ro raid MORTGAGEE a renewal tMreof, together with • receipt fw the premium of wrh renewal; and there atoll be rq firo'ar windstorm lnwranca placed on any of said buildings, any ir,terott therein or part thereof, unleu {n tM form end with Iha loo payable as eforeask; andln tM event any avm of money becomes payable under such policy or policies said MORTGAtEE shall have the option to rictive and apply the ume as account of IM indebted• riess securod hereby or to perms acid MORTGAGORS to receive and vsa it w •ny part thereof for other purposes, wiQout thereby woiving ~r ~rnpain frig any equity, lien or right under a by virtue of this mortgage; end in the event said MORTGAGORS shell fa any resaorl fell ro keep the said promises so insured, or fail to deliver promptly any of said policiat of Insurance to raid MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fail to perform, discharge, execute, effetl, complete. comply with and tbide by this covenant, or any part hereof, said MORTGAGEE may place e~,d pay for wch insurance or •ny part thereof without wNving or affecting •n~ option, lien, equity, or right under or by virtw of this Mortgage, end the full amount of each and every such payment shall be immediately due and payable and shell bear interest from the date thereof until paid at the rate of nine per centum per annum and together with such interest shall bt: secured by tM lien of this mortgage. .1. Tc permit, commit or wffer no waste. Impairment or deterioration of said oroperfy or any part thereof. 5. To pay all end singular the costa, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by uid MORTGAGEE, bec..vse or In tM event of the failure on the part of the srid MORTGAGOR to duly, promptly and fully perform, discharge, execute, tf(ect, complete, comply with and abide by each and curry the stipulations, agreements, condirtont, and covenants of said promissory note end this mortgage any or either, end said costs, charges end expenses, each end every, shat! be immediately due and payable; whether or not th-re be notice dr mend, attempt to collect or suit pending; and the full amount ~f each and wary such payment shalt bear interest from the data thereof until paid at the rase ~f nine per ttnturn per annum; and all said costs, charges and expenses incurred or paid, together with tuck interest, shall be secured by tM lien of this mo: tgage. . b. That (a) in the event of any broach of this Mnrtgag• or default on the pan of the MORTGAGOR, or (b) in the event any of said sums of mo,tey herein referred to be not promptly 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 tM stipulations, agreements, Conditions end covenants of uid promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, tMn in either or any wch event the said age gregate sum mentioned in said promissory note (hart remaining unpaid, with interost acc:usd, end •II moneys tccured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and complatety at if all of the said sums of money were originally stipulated to be paid on such day, anything in raid promissory rote or in this Mortgage to the contrary notwithstanding; end thereupon or thereafter •t the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may ba prosocuteri at if all rnonaya 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 fhit Morsgega, or to foreclose it, or to reform It, or to enforce payment of any claims Hereunder, uid MORTGAGEE shall apply to the Court having jurisdiction thereof for tM appo:ntment of • Receiver, such Cart shall forthwith cppoint a receiver of said mortgaged property all and singular, tncludrng all and singular tM income, profits, issues and revenues from whatever source derived, each end every of which, it being expressly understood, is hereby mortgaged as if specifically ass forth and described in tM grtnting and habendum clauses hereoF, and such Receiver shelf Mvs all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and wch appointment shell be made by such Court es en admitted equity and a rrwttst of absolute right to uid MORTGAGEE, end without rofererce to the artegvacy or inadequacy of the value of the property mortgaged or to the ~otvency or. insolvency of sold MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien a equity of said MrRTGAGEE and the practice of such CO V rt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end every the stipulations, agreements, conditions and covenants in said promissory riots end this mortgage set forth. 9. That in the event tha ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than 1M MC'RTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to tM MORTGAOR, deal with such vxceuor a successor in interest with referents to this mortgage end the debt hueby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors liability Mre• under or upon the debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on tM part of the MORTGAGEE or its successors or assigns and no extension of the time for tM payment of the debt hereby secureti given by the MORTGAGEE or its successors or auigns, shall operate to release, discherga, modify change or affect the original liability of tM MORTGA.iOR herein, aitMr 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 herevrtdar or of tM obligation se- cured hereby shell at any time thereafter be held to be a waiver of the terms !seraof or of the instrument natured herby. 11. In addition to the foregoing monthly payments of print'pal end interest required by the promissory note secured f•.ereby, mortgagor covenants and agrees to pay to mortgagee with oath monthly payment an'additional sum estimated by mortgagee to be equal to 1/12 of the ar.nval cwt of the follow- ing: ~ A-Ali real property taxes levied or sssesssd against the above described real Ostate. ~ B-Premiums on fire end windstorm insurance et herein required to be carried on the improvements situate on the above deicritrd premises. - C-Premiums on such mortgage guaranty insurance as mortgages shall from time to time deem fit to carry on the foetl tea~rec}rhereby. Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and wch Wni shtdi thereupon be due and payable nn the due date of the next monthly payment end each tuccassivs month thereafter until mortgagee shall notify mortgt~or, of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN 1VITN W REOF, th aid MOR GOR tees hereunto set hit nand and seal tM day and year first aforesaid. Si ale Ilv ~~in the ss • of: .. - (Seel) ___(Seef) f5esi) ' (Seal) STATE OF FLORIDA St. Lucie COUNTY OF Bofwe me personally a peered A e ~" T39ttY ~. Lounda ____ r x r j ; ~ rC r i i the individwls described In and who executed tM foregoing B tt F and _ _ .hit wife, to me well known and known to me to be n?t 1t- and etknowledged before me that they executed the tame far tM purpwes tistreln expressed. And the sold 9 ~' • '-vl,~da wife of the said A • ~ • Lounda, Jr. _, upon a separate and private examinetior, by me taken separate er.:i apart from her sold husband, acknowledged to and before me that she axe:uted said Irutrument freely and voiun• tartly end without any compulsion, constrains, appre~~~ pr fear of o- from tear said husband. N~+l{~~t~ty hand and offkiel seal this- O'`L1 F.--~ day of._._.. A. D• T9-~~ vy~s . rr :GD Notary Public in a for tftrs State of rids et Lar6e .` 4ij<ar~.' '4 ,,;~,= ~' y Commialors • pits ~ ~';~~~ F ~~ ,e.:k~-Moan Aswciatian .~'.~ ~rl ~~ ~'l0lafY Pu61'7t, Stl4t Ol F49-iti~ ~t ~~rQ! ~ My Catt+ftussion ~Ilpifes l~n. T4, 196! r! fi T(t o¢r, 14orFda '^t ~d h r!aserkae fsi A GtaeU7t S4. ~~. P.1 t~ a a ~ (~~y ' y~~~~a~t\~r~~ /My t~ ~ rcq, ~ j ~ g ~~'T't! ati'.'r, ~a ~~~~~ ` ~ ~`r•f "gt { W+~~` 1J iJlJ~ ~ ~~t t~r Q +t~ ~ y~ r tftttlla.aaH t 1~---~-~"" ~~.µ Q • G~f6fr ~ ~_ ~ +~ ,> ,~ _ S .~, ,- `tor. i 1/W1H1-tFt ~`"'" t . . u ss. Loundae Jr v}