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HomeMy WebLinkAbout1435BoRK 5~ ~~~~ 71 3. To pica and continuou;ly kpep on rha buildirtg~ aoty or henafier situate on ukl ,and and on all egoiprtent and p±•sonelly covered by this mortg- age, vvilh ail premiums thereon paid In full, firs insurance fn tM usurl ttsndard policy torm, in a sum approved by the h10RTGA(iE'., anti windsto:rn insursnce In the uswl srondard pulicy form, In • wm approved by the MORTGAGEE, in such company a compariss as the MORiv'AGEE may direct] and all fire ind wirsdstorn inwrance policies on any of said bulidings, any Inbreat therein or part tharwF, in the aggregate wm aforesailc or in excels thereof, shall contain tM uwil starsdard mwigagee clause or wch other clause as rha Mortgagee may require, making the bss under said poll- cles, each sect wary, payable w said /yORTGAGEE as its interest may appear, and each and every wch policy shall bs promptly ass fined and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not lass than tan (10) days in actuaries of the expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildups, any_Intsreat therein a. part thereof, unless in the form and with the loss payable as aforesaid; and in the event any wm of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the san,a on account of the indebted- ness secured hereby w to permit raid MORTGAGORS to receive and ass It or any part thereof for ocher purposes, without thereb/ wai~,n~ or t:nper.- Inq any equity, lien or right under or by virtue of thA mortgage; and In the event said MORTGAGORS shall for any resson fail to keep the said premises so inaurtd, or fail to deliver promptly any of sold policies of insuranca to said MORTGAGE`_, or fail promptly to pay fully any premium therefor or in gny respect fail to perform, discharge, execute, affect, complete, comply with and ebid• by this covenant, or any part hereof, said MORTGAGEE may place a~,,d pay for s~xh Insurance or any pert thereof •xithout waiving or affecting any, option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each end every such payment shill be immediately due end payable end shall bear interetl from the date thereof urtl paid at the rate of nine per cerium per anrvm and together with such interest shall be secured by ihs lien of this mortgage. ~- 4. To permit, commit or suffer no weirs, Impairment e: deterioration of Laid property or any part thereof. 5. To pay ail end singular the cysts, charges end expenses, including a reasonable attorney's fee and costs of sbstrects of title, incurred or paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the sa°i MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by oath and every the stipulations, ogre: ~~ent„ •r•nditiona, end covenants of said promissory note end this mortgage any or either, and said coats, charges and expenses, each and every, shall be immediately u..+ end paysble; whether or not theta be notice de- mand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the data thereof until paid at the rata of nine per centum par annum; and all said costs, charges and expenses incurred or paid, together with such interetl, shell be secured by the lien of this mortgage. - 6. That (a) in the event of sny breech of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aeid sums of money herein referred to be not promptly end fully paid within thirty (30) days next after the same soverally become due and payable, w:rhout demand or nonce, or (c) in the event each end every the stipulations, agreements, conditions and covenants of raid promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag. gregate sum mentbned in aeid promiss~ /note then remsinirtg unpaid, with interest accrued, end all moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, es fully and completely as if all of rha said sums of money were or~g~nally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of raid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as it all moneys secured hereby had matured prior to iH 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 claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of srid 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, is hereby mortgaged as if specifically set forth and described in the prancing and habendvm ciavses hereof, and such Receiver shall have al! the brood and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said h50RTGAGEE, 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 end revenues shall be applied by such Receiver according to the lien or equity of raid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, corc~lete, comply with and abido by each and every the stipulations, agreements, conditions and covenants in aeid promissory note and this mortgage set forth. 9. That in the event the twnership of the mortgaged premises, or any pert thereof, becomes vested in a person other then the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest vrith reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' 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 successors or assigns end no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate ro 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 is of the essence of this contract end th*t no waiver of any obGgetion hereunder or of the obligation se- cured hereby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured 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 additional Burn estimated by mortgagee to be equal to 1 j' 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 lire and windstorm insurance st herein required to be carried on the improvements situate on the above 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. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such turn shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee stall notify mortgagor of a ci,ange in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem~vins, and mortgage guaranty insurance premiums. ~ . It Y/ITNESS WHER the said MORTGAGOR hat hereunto set his hard and seal the day and year first aforesaid. 5 acct. Srtp~ad d del erect in the presence of: I (~ ~ (Seal) / (Seal) % (Seal) f rce.n STPTE OF FLORIDA SS. COUNTY OF S t LllC j ra i Before ma personally appeared j'l ~ ~ ~ i am G Hn W (j P r S~1P ~ t end Bertha ~ HQWdPr41-1 ~ T his wife, to me well known end known to me to be the Individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed rha same for the purposes therein expressed. And the said RC"t2 fi ~' ~{nkrrjAr4hF~ t: wife of the said - W it ~ i Fpm G H041dP. r.`~'t,P ~ t upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and without any compulsion, constraint, eppre`.enaion, or fear of or from her said husband. WITNESS my hand and official seal this ~Q t}'1 day of A. D. 19__b 2. ,~ Notary Public in end for the State of Florida at Large My Commission expires: Return To: (l (~ F:rtt Federal Savings b Loan Association ~~_l3t~aJ NOtary PUbIiC, State of Florida at Large v~~~`'~ ~'~l4sllPierce. My Commissii,n Expj;es April 24, 1965 .'~ L~ .~;~~Y"a'r Ada FI D ~ ~~'ECQROOOOK B~r,ded by Pmeriran Surat C 01 ~~ ~~~ y 4,. fV. Y. .•• ••. r '• ~. 1' ~S V~'~G . ~ ~r~' ~~ . ~ .~ 1962 NOY 30 PM 3: 13 ~~°•••~~~;'U:~••. ROGER POITRASrCLERK . ~ = ~.~;.:--~-; _- ST. LUCIE COUP1TYr ELURIDA ` -_? ~'. ~~~j :..".•- = -- -- S r