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HomeMy WebLinkAbout1891U. R. ~ ~"-~"'yy ~~~'~ ~~ 1 ~GEt~~ / 9. To p;e~ and conr',nuoualy keep on lira buildings rtow or la+eafttr ahwfs on said land and on aft aqulp.nent and personally cowed by thI• matq age, with •11 prem(ums tfterersrt pa)d fn fvl(, fire inswarsu in tM uwel uardrd polky tc,rn4 in a sum approved by tM MORTGAGEE •nd windstorm inwrsnoe Gs -M wwl atasdard pdicy fwrts, In • wrrs epprcvad by tf+e MORTGAGEE. M such • cpnprrry or cempanlas w tM MORTGAGEE may direct; and eU fk• and windstorm Irsawtsrsea oolicite rNs any of said btNdirsga, any intsrast trasin cr pert !fureof, f+n tM aggre~att wm afweaatd or to sxceu tfsereof, {-i1e~i cOrstt4t tf» uawl afar-dtrd martgaRM clautt or vnh ot)',tr etseya a: the Nx..:~. ;ae may require, making tM loo under Nid pall• dq, each and twry, payable to Nhf MORTGAGEE u )ri srttereet may app+ar, and each ind every such policy sMll be promptly au:gnsd and detiwred to any Mid by Nib MORTGAGEE w further security ro Nid ttsortgpa debt, and, rest lase f4an tan (10) days In advarscc ",f tM axpUetion of each policy, to de• liver to Nid MORTGAGEE a rentwrl }Isenti, togttfscr wilfi • tealpt for rM premium of such ronewall ersd tMn atoll be rw fin w windstorm Inwrarr_a placed or, any.9f Nid buildings, any Intarast tfterain'or part tfseraof, txsleas In t)sa lone and with tM loo payable u •fortNld; and In tfie want any wm of money become psyablo under such polky w policler said MORTGAGEE shall Mw tM option to receive and apply tM ume on account of tM indsbted• Hass secured Mreby or ro ptrmh NW MORTGAGORS M receive and't»o h or •ny part tMnof for other purposes, without thereby waiving or impair Ing any equity, Ilan w right under d by virtue of Mir rnortpege; and In tM event Nid MORTGAGORS shall for any reason fall ro keep the sold premises so inwred, or fall ~ deliver promptly any of NId palicias of Iruvrarx• to Nid MORTGAGEE, or fail promptly to pay fully any premium Therefor or in any aspect fall ro parforrry dieehargt, txe~•vfa, •Hea, eorrsplete, comply with and abide by chit covenant, or any part Mrsof, said MORTGAGEE may place and pay fw such Inauranct or any part tMrwf without wahrtrsp a affecting any option, Ilan, putty, or right under w by virtue of this Morrgsga, and the full amount of each and awry ouch payment shall be imtnadlataly dw and payable and shalt baarlntvnt from tM date thereof omit paid •t the rats of nine par centum par annum •rsd togatMr with such Interes! shall ba secured by tM Ilan of this mortgage. 1. To permit, corssmit or wffer rso warts, impairnant a da»riorafion of Nld property a any part ihertof. S. To pay all •nd slrtgubr tM cosh, cMrgss and axpanNS, including a res:onabtf ettorney'• fee and costa of abstrscb of title, Incurred or paid at any lima by Nid MORTGAGEE, because or In tM event of tM failure on tM part of the ssid MORTGAGOR to duly, promptly and fully perform, discharge, execute, affad, comp)en, comply with and abide by oath end every the stipulattoru, agreement, condition, and covenants o} ssid promissory note end this mortgage any or tither, and Nid coats. <Mrgas and expenNS, each and awry, shall bt Immadiatsly due end payable; whether or not there be notice de• mend, attempt to tolled or wit pending; and tM full amount of tech and ovary sorb payment shall bear interest from tM data tMreof until paid •t the rare of nine oar pntum per annum; and all old costs, charges and expenses incurred a poid, together witfi such Interest, atoll be secured by the lieri of this mortgage. 6. That (e) in tM event of any breach of this Mortgage or defav}t on tM part of the MORTGAGOR, or (b) In the event any of said sums of money herein roferrad to be not promptly and fully paid within thirty (30) dsys next after the soma sevarelly become due and peysble, without demand or notice, or (c) in the avant esch and every tM stipulations, agreements; conditions and covariant. of Said promissory note end this rnortgege trey or either are not iuly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by, than in eitfxr or any such event the ssid ag gregate sLm marttiorsed in NFd promissory rota then remaining unpaid, with interest accrued, and all moneys secured Mreby, sMll become dos and pay- able forthwith, o. thereafter, at the option of said MORTGAGEE, as fully and completely as if ell of the ssid sums of money were or+ginally stipulated to be paid on wch day, anything in said 'promissory rests a in this Mortgage to tM contiery notwithstanding; end thereupon cr thereafter at the option of said MORTGAGEE, without notice or demarx), suit at law or in equity, therefore or thereafter begun, may be prosecuted as if ell moneys Ncured hereby had r.:aturad poor to i» institution. 7. That to tM event that at tM ba~slnnirsy of a at any time pending say suit upon this Mortgsge, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shell apply to iM Court having jurisdiction thereof for the appointment of s Receiver, such Court shall forthwith appoint a receiver of Nid morlgagxl property all and singular, including all end singular tM income, profits, iswes and revenues ho.n whatever source tJerived, each end evcy of which, it being expreuly unders'ood, is hereby mortgaged as if spec;fically sat forth end described in the granting and habendum clauses Mrsof, and tvch Receiver shall have all the broad and effective functions and powers in anywise entrusted bye ",vet ru a Receiver, sad such eppointme.,t shall be coeds by such Cart as an sdmitted equity and • matter of absolute right to said 1MORTGAGEE, end without reference to the adequacy or insdequacy of tM value of the property mortgaged or to tM solvency or insclvency of said A10RTGAGOR or the defendants, and that such rents, profits, income, issues and revsnws shell be applied by such Receiver accordi:sg to she lien or equity of Nid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements, conditions and covenants in said promissory note and this mortgage NI forth. 9. That in the avant tM ownership of the mortgaged premises, or any part thereof, becomes vested in a person other then tM MORTGAGOR, the MORTGAGEE, its tut:essors end soigne, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgsge and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or open tM debt hereby secured. No sate of 1M premiset he:~by rrtortgaged and no forbearance on tM part of the MORTGAGEE or its successors or sssigns and no extension of IM time for tM payment of tM debt beret; secured given by tM MORTGAGEE or its svccesson or assign, shall operate to release, discharge, modify chsrsge or affect the original liability of the MORTGAGOR Mrein, eitiwr in whole or in part. 10. It is specifics!!y agreed that time it of the essence of this contract and that no waiver of any obligation hereunder or of the obligaton se- cured Mreby shell at any time thereafter be held to be a waiver of the terms Mrsof or of tM instrument secured herby. ' 11. In addition to the foregoing monody paymm.ts of print'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each menthly payment an additional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-Ail real property taxes levied or guessed against the above described real estate. B-Premiums on fire and windstorm insurance es Mrein required to be carried on tM improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shell from time to time deem fit to carry on the loan secured hereby. /Mortgagee shall from time to time notify mortgagor in writing of iM amount due end payable hereunder and such sum shall thereupon be due and payable on rho due date of the next monthly payment end each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, end mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has. hereunto set his bend and se:,l the day and year first eforesai Signed Sealed and vered in tine presence of: ~ /a A~~//~~ t -,tit fG(A, rSeat) (Seal) s (Seal) STATE OF FLORIDA ` COUNTY OF S t . Lucie ) ~' Before me penonally appeared (~ ATE T. ~ N fll ~ ~ fl 4 ~ rgl e flC~L~ 'L: vat{ Mad and offkiel Nal chi: „S ~' day ~••, ~~ .l{jiii~'F~slal SaYlftgs 6 loan Association ~ yJ, • ~ - ,~: .Off'fort Pierce. c'~M1 •~~ ~~+~ ,Fq~~fi~rcg, Florids 1 '';a f~'~ '-rc~iG~' .`.) ~l,J~~~(•r.;;,~ :(sta. . 1 .: ji, ~'+ , ,~,,~ , , ,c;' { r~~q c j~r.~-• .~; Notary Publ!c in end for t ~~j.S~taGt~eyof Florlds at large My Ccmmiaion expires: jy / ~~~~ 6 U - IN FI ~~D A~tD RfCD~D~p . . . 1961 fl~C ~ 0 BDD)K P~} 3: ~ S ~o~ER~ p~ s~. tt+er~ c~~Mr~r ~to~ a Q A ~°:~ to me well known end knows to me to ba tM Individwls described In and who executed tM foregoing instrument, end acknow{edged before ma tM1 tMy executed the same for the purposes therein expnued. +a~r~ ., MDEiCEEJIEi'lC7CaTcf A,76ah7sa$ttnntrsrana~ atsarar.