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HomeMy WebLinkAbout1505- aoRK 51 ~~~~1~~ J. To place and contfr,uoualy keep ors the buildirsya now or )»reafty sltwta on said land and on all equipment and personally covered by this morrg- age, witf• ail premiums thereors pall in full, fire Inwrar,ce In 1M vauel sNndard policy form, In a sum spFrovad oy the MORTGAGEE,. and vrndstprm inwrsnce in tM usual Narsdard policy form, in a avm approved by tM MORTGAGEE, in such company or compan(ea as tM MORTGAGEE may direct; and d: fire ono windstorm Inwrarsus poll<laa on any of seid buiidirsga, any lntereat tMrain or part hereof, In the aggregate wm aforesaid or in excew thereof, shall contain tM uswl standard mortgagee dauaa w such other clause as the Mortgagee may require, mak;ng Iha loss under -aid poli- cies, each and ovary, payable to said MORTGAGEE as ih interest may apperr, arw each Dead ovary such policy shall be promptly aas:gned and delivered to any Mld by said MORTGAGEE as further security to uld mortgaQa debt, end, not lass than ten (10) days in advance of the expiration of each pclicy, to do- liver to said MORTGAGEE • renewal tMraof, together with a receipt for the premium of such rene•,val; and there shall. be no fire or windstorm insurer.:; pieced on eny of said bulldirps, any interest therein w part tf•.ereof, unless in tfsa form and with the loss payable as aforeuid; and In the event any sum of money becomes payable under such polcy or policisa said MORTGAGEE sMll have the option to receive and apply the same on account of the indebted- nest secured hereby or to permit aafd MORTGAGORS to receive and tea It a eny part thereof For other purposes, without thereby waiving or unpav- ing any equity, lien or right under w by virtue of thin mortgage; and In the event said MORTGAGORS shall fa eny reason fell to keep the said premises so insured, a fail to deliver promptly any of said polities of insurance to said MORTGAGEE, or fail promptly trs pay fully any premium therefor or in a.~y respect lei: to perform, discharge, execute, affect, complete, comply with and abide by this covenant, or any part hereof, seid MORTGAGEE may place and pay for such insurance or any part thereof vrithout waiving a affecting any. option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of asch and every such payment sMll ba immediately due and payable and shall bear interest from the dote thereof until paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no wsate, impairment or deterioration of said property or any pert thereof. S. To pay all and singular tM costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid et eny time by said MORTGAGEE, because or In the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, end seid costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be nonce de- mand, attempt to collect or avit pending; and the full amount of asch and every tech payment shall bear interest item the date thereof until paid at the rate of nine per centum per annum; and all seid costs, charges and expanses incurred a paid, together with such 4nterest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breath of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money 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 tM event each and every the stipulations, agreements, conditions and covenants of said promissory note end thin mortgage any or either are not fuly, promptly end fully performed, dischergod, executed, effected, completed, complied with and abided by, than in either or any such event the said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys :f(ured hereby, rhell become due and pay able forthwith, of thereafter, at the option of asid MORTGAGEE, as fully and completely as if all of the raid .sums of money were originally stipulateu to be paid on such day, anyt-ting in seid promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter et the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may fx prosecuted as if all moneys secured hereby had matured prior to its institution. 7, That in the event that at the beginning of cr at any time pending any suit upon this Mortgage, or to foreclose it, or to reform ir, 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 said mortgaged property all and singular, including all acct singvler the income, profits, issues and revenues from whatever source derived, each and every of which, it being ezpretsly understood, is hereby mortgaged as if specifically set forth and described in the granting and frabendum clauses hereof, and such Receiver shall have all the brood and effective functions and powers in anywise entrusted by a Court to a Receiver, and such ~ppaintment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or in:olvency of Laid MORTGAGOR or the defendants, and that such rents, profits, income, issues end revenues shall be applied by such Receiver according to the I`en or equity of said MORTGAGEE and rho practice of such Court. 8. To duly, promp:iy and fully perform, discharge, execute, affect, complete, comply with end abide by each and 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, o: any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor cr successor in interest with reference to this mortgage and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating or discharging the Mortgagors' liability hero- under or upon the debt hereby secured. No rate 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 itt successors or assigns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole er in part. 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 hueof or of the instrument secured Herby. 11. In addition to the foregoing monthly payments of princ'pal end interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional wm estimated 6y mortgagee to be equal to 1 j 12 of the annual cost of the foilo.v- ing: A-All real property taxes levied or assessed against the above described real estate. 6-Premiums 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 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 sum shall thereupon be due and payable on the due dale of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premwms, and mortgage guaranty insurance premiums. IN Y~ITN 5S WifE2EOF he said M. RTGAGOR i:as hertunto set his hand end seal the day and year first aforesaid. d erect in a presence of: ~ ~^ 't Seal) - (/` (Seal) (Seal) STATE OF FLORIDA _ S5. COUNTY OF Saint Lucie d Fre r ek ETjlnur~~ Brewer and Before me personally appeare MBry Kath9~'s~ 11A BTQWBI's -_ his wif e, to me well known end known to me to ba the individuals desuibed in end who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said _ _ MI3ry Katherine t3rewer wife of the said Fredriel' Edmund BreT"er upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before mo that she executed said instrument freely and volun- tarily -and wit)tpd any compulsion, constraint, apprehensio~t, or fear of or from her said husband. S ~ G~ ~£ r~ ,_r,-, WITNESS my Mend and official seal this ~ ~'' _ day of ~ - A. D. 19 ` j ~ , _ ~'..t- -:-tom ~,' .,'tu '~•r// ~ ~ >a'~,~/'h-!/r , Notary Public In d iha State a Florida at Large ~ _ ,' ~ .. ,~q ~ „ i~ _, '~ My Commisaion'axpi Ef'Loan Association kln+(F~e~eraY~~}bfrsgt `_' ~ l jU ~5 Notary PuNi<, State of Florida at Large _ . _ "- '\\ ~f•, Fors .Pia;. t - -.~ . 0 FILED AND RECORDED ~"~Y Comrnisswn E. a:res )a ,.. ;, )964 keded 0 An f -L'FLh'~pierer, F)otide -' • t' er can r .r• b :.r_dty Co, ~.~~' '-;~~ ~ • '~ ~' '' 1962 DEC -3 AM I I: 5U ~r .-,.-, . ``vov ci o • , ,,~ err,,; = r ~. ~~ ,,., . ~ ~ : . R .,.t ~ - ', . R POITRAS,CLERK ` ~ ' ~'.` - ,`: ,' .'•: :.- ' ST. IUCIE COUNTY FLORIDA . , ~ " `J ~ ~ ' `'" " , ~~ ~