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HomeMy WebLinkAbout1437ponnR.~ 5~. ~~.~~ 73 P 1J r ~, ~. fo place and contln~-outly keep on tM ~wildings now or hereafter silvers on said land and cut all equipment and prnonally covered by this mortg- age, with ail ftiemiumt thereon paid in full, sirs !nwrance in the wual standard policy form, In a cum approved by the A1pRTGAGEE, and windstorm Inaurorsp in the usual starr~ard f,-alley form, In a sum approved by the MORTGAGEE, In such company or compsniet at' the MORTGAGEE may direct; and all fire end windstorm insurance policies o+: any of said buildings, eny Interest ,herein or part tMrsof, in Iha aggregate .um aforo said or in axes+s thereof, shall contsin tM uwal standard mort9-gs+ louts cr wch oth:r clause n the Matgsgee may requus, making the lost under aa,d pole ties, each and every, payable to uld f~10RTGAGEE as its Interest may appear, end each and every avch policy shall be promptly assigned end delivered to any bald by said MORTGAGEE as further security to ssid mort~ege dabs, and, not less than ten (10) days in advance of the expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with a rateipt for the premium of such renewal; and there shall be no fire or wirdatorm insurance pieced on any of ssid buildings, eny Intereat therein or part thereaf, unless In 1M form end with the loss paysblc as aforesaid; and in the event any sum of money becomes payable under such policy or polities said MORTGAGEE shall hwa the option to receive and apply the same on account of the indebted- ness secured hereby or to permit said MORTGAGORS fa receive and use It or any part thereof for ether purposes, without thereby waiving or impair- ing eny equity, lien or right under w by virtue of this mortgage; and In the event said MORTGAGORS shall for any reason fail to keep the ssid premises so insured, or fell to deliver promptly eny of said policies of ?nsurance to said MORTGAGEE, or }ail promptly to pay fully any premium therefor or in any respell fai: to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or eny part hereof, said MORTGAGEE mey place ar,d pay for such Insurance or any parr thereof without waiving or affecting any option, Iten, equit„ or right under or by virtue of this Mortgage, end the full amount of each aid every such payment shall bs immediately due end payable and shall bear interest from the date thereof until paid at the rate o1 nine per cer.tur, per ar,n,c. and together with such interest shall be secured by the lien of this mortgsge. :, To permit, commit or suffer no waste, impairment or deterioration of ssid property or any part thereof. • S. To pay ell end singular the costs, charges and exoanses, i~uluding a reesonabte attorney's fee end costs of abstracts of title, incurred or paid at any time by raid MORTGAGEE, because or in the event of the failure ors the pert of the raid MORTGAGOR to duly, promptly and fatty perform, dischargz. execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, end covenants of said promissory note and this mortgage any or either, erd sa:o co. N, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de- mrnd, ansmpt to collect or evil pending; and the full amount ot, each and every such payment shall bear interest fretn the date thereof until paid at the rota of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with Guth interest, shall ba secured by the lien of this mortgage. 6. That (a) in the event ~f any breech of this Mortgage or default on the pert of the MORTGAGOR, or (b) in the event any of said auma of money herein referred to be not promptly end 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 the stipulations, agreements, conditions and covenants of acid promissory note end this mortgage eny or either ere 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 cum ment'aned in said promissory note then rerneining unpaid, with interest accrued, and ell moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if ell of the said rums of money were originally stipulated to be paid on such day: anything in said promissory note or in this Mortgage to the contrsry notwithstanding; end thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit et law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its institution. 7, That in the event that at the beginning of or at any time pending any suit upon thin 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 s Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, including all end 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 granting and habendum clauses hereof, and such Receiver shall have ell the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and avch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the valve of the property mortgaged or to the toNency or insolvency of ssid MORTGAGOR or the defendants, and that such rents, pru(itt, income, issuer end revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of avch Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and eb~de by cash and rusty the stipulations, agreements, conditions and cevenantt in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or eny part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and sasigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to thin mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d•scharging ttie Mortgagors' liability hart under or upon the debt hereby secured. No tale of the premises hereby mot!gaged end no iwbearance on the part 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 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 is of the essence of this controct and that no waiver of any obligation hereunder or of .he obligatior. sr. cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1. In addition to the ieregoing monthly payments of print pal :nd interest required by the promisscry note secured hereby, mortgagor covenants and agrees to pay to mortgagee wi•^ each monthly payment an ac'ditionel sum estimated by mortgagee to be equal to 1 / 12 of the annual cost of fire follow- ing: A-All +eal property taxes levied w assessed against the above described real estate. 6-Premiums on fire and windstorm insurance as herein regv~red to be carried on the improvements s;tuete on the above desvibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured h•rehy. hortgagee shall from time to time notify mortgagor in writing of the amount d~a end payable hereunder end such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such a~:count. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, ar.d mortgage guaranty insurance premi~•ms. I V,'ITNESS ~V OF, the said MORTGAGOR hat hereunto set his hand and seal the day and year fi st aforesaid. nod, ~a_I and slivered in the presence of: ~/ (Seal) J_ (Se a I) r _ (Seal) F f _ (Seal) STATE OF FLORIDA St. Lucie e~ COUNTY OF - ' Betty ?~eluso Nodine, a free dealer ~, Before me personally appeared }rfs-~rffe, to n.a well known and kno.vn to me to be the individvelt described In and who executed the foregoing instrument, and acknowledged before ma that shay executed the same for the purpose: therein expressed. curd rira~rasll - ..viis-+F-alsr~s+d ~pr~a ~., + u„1 - ~~ ~ ~~~ ember /1. D. 19_SL~ WITNESS my hand and official seal this- 2~JtYl day of_~_ ~ ~~) - Ratvrr} To: fine Federal Sav?nga !! loan Association Ot Fort Pierce. Fort Pierce, Florida ,,its;ntt:r:,,,. ~ ~ `% l_ o.::. ~ .~ CRY . • ~ "=. " '= ~ fw G - ~ ,J, . l •• .,l'.,• ~h,rCC Ci'- rrrr :t lttisr~~•'~ ~~ • 1~~~~~~ FI! ED AND RECORDED IN_raft~ B00K 1961 NOV 30 PM 3: 18 flotery Public in and for the State of Florida at large 1Ay Commission expires: Notary Public, State bf Florida at large My Comm.ss on Expires April 24, 1965 Bonded by ~mer,can Surety ~o. of N. Y. ROGER POITRAS CLERK St. LUC1E COUNIP,_ fLORIOq ~s _~.~ r ~ - .J ~ ' "~..