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HomeMy WebLinkAbout2218BO~K , N~ PA6E~~~ ~.; 3. To place and , mtinuously keep nr, the bulldi snow ~ nd on all equipment and perwnally covered by this mort,- cge, with all premiums thrreon pa;d in full, fin inwrsgnu in t~~sZsu f a~:~~°~m`,~ft a sum •pprovrd by the ~.10RTGAGEE, end windstenn insurance in the usual standard policy form, in a sum •pptovad by tM MORTGAGEE, In wch company or compa~ws as tM MORTGAGEE may dlrrct; end ell fir• and windstorm insurance policies ors any of uid ?,ulidirys, any interest therein or part thereof, in the aggregate sum aforesaid or is excess thereof, shall rontain the uwal standard mortgages clause or such other cieuse ss the Moregegea may require, mating the loan under said poli- cies, each and every, payehle to said MORTGAGEE as ih interact may appear, and each and awry such policy shall be promptly ass.gned end da~ivered to any held by said MORTGAGEE •s further security tq said mortgage debt, and, not lass than tan (1~) days in advance of the expiration of each policy, to de- liver to said A10RTGAGEE a renewal thereof, togetMr with a receipt for tM premium of wch renewal; and than shall be no fire or windstorm insurance paced on any of said buildings, any inierett therein a par, thereof, unloss in lice form acd with the loss payable a afornseid, and Jn the event any wm of money becomes payable under wch policy ar policies acid MORTGAGEE shall have the option to receive and apply the same on account of the indrbted- ness secured hereby or to permit said MORTGAGORS to receive •nd use It N any part thereof for Mher purposes, N'IIhJJt th ~reby war. ui~ cr u~~pmr- ing env equi?•, lien or right under or by virtue of this mortgage; end in the avant said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail to dr.liver promptly any of said policlet of insuranu to said MORTGAGEE, or foil promptly to pay fully any premium therefor or in any respect foil to perform, discMrge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place a~~o pay for wch insurance or any part thereof without waiving yr affecting any option, lion, equity, or right under tv 6y virWe of this Mortgage, and the full amount of each end every such payment shall be immediately due and payable and shall bear interest from the date (hereof until paid at the rate o1 nine per contort, per annum and together with such interest shall be secured by the lien of this mortgage. i. To permit, commit or suffer no waste, impairment or deterioration of said property or any pert thereof. S. To pay all and singular the costs, charges end expenses, including a reasonable attorney's tee and costs of abstracts of title, incurred or paid at any time by said h10RTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effzct, complete, comply with and abide by each end every the stipulations, agreements, conditions, and covenants o~ said promissory note and this mortgage any or either, and said costs, charges and expenses, each and every, shall be immediately due end payable; whether or no, there be notice dr nand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid et the rate of nine per centum per annum; and all raid costs, charges and expenses incurred or paid, together with wch interest, shell be secured by the lien of this mortgage. 6. Thai (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the avant any of acid rums of money herein referred to be not promptly and fully paid within thirty (30i days next after the tame severally become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and :ovenants of said promissory n.: r and this mortgage any or either are not wly, promptly and fully performed, dscharged, executed, efircted, completed, complied with end abided 5•n shoe in -.'char or any such event the said ag- gregate sum mentioned in said promissory Hots then remaining unpaid, with interest ecuued, and ell moneys rete.tad hereby, shall become due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully erg completely as if all of the said rums of money were originally stipulated to be paid on such day, anything in slid promissory note or in this Mortgage to the contrary notwithstanding; end thereupon or thereafter at the option of said h50RTGAGEF, witfaut notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That ir, the event that at the beginning of or at any time pendirr any suit upon this Mortgage, or to foreclose it, or to reform ir, or to enforce payment of any claims hereundz+, 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 end singvlsr, 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 descr~bed in the granting and habendum clauses hereof, and such Receiver shall have all the broad 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 MORTGAGEE, and without reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said 11;ORTGAGOR or the defendants, and that such rents, profits, income, issuer end revenues shall be applied by such Feceiver according to the lien or equity of said MORTGAGEE end the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, completo, comply with and abide by each and every the stipulations, agreeman±s, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any pert thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, n-.ay, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor witfwut in any way vitiating or discharging the Mortgcgori liability Kerr 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 and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahail 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 rim. 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 lime 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 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 sum estimated by mortgagee to be equal to 1/12 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 fire and windstorm inwrance a. herein required to be carried on the improvements situat.- on the above described premises. [-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 date of the next monthly payment and each successive month thereafter until r :rtgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, end mortgage gurranty insurance premiums. IN WITNESS WNEREOf, the said MORTGAGOR has hereunto tat his hand and seal the day and year first afortsaid. SiQp ed an eliv to the presence of: Seal) - ~ (Seal) (Seaq STATE OF FLORIDA 1 IT SS. COUNTY Of S't Lucie Before mo personally appeared end his wife, to me well known and known to ma to be tM individuals described in end who exocuted tM fLu ing i trurrse en2,d18ac Cou~q~ged before me that they executed the same for the purposes therein expressed. And the sat M a H • OZ'189CL1 upon a caporals and private wife of tM said examination by me taken separate and apart from her said husband, acknowledged to and before ms that the executed said instrument freely an vo un- tarily and without •ny Sornpulsion, constraint, apprehension, ~e r of or from her uid husband. ~ / / / j~- de of ~"a„~(sq J D. 19 u WITNESS my hand and official sea! this .-~ Y ~~rA /~ ~/~~ ig ~~~~ Notary Public In end for the State of Florids/tS/LTrrga ~" jj ((''((~~ A n My Commission expires: Return To: (~L`V /i j/ R~Cjo ~E~ first federal ~evings ; loan Association „• cr- _8.~.~. ;oaK Of Fort Pierce. Fort Pierce, Florida r( ~ - 1. ~ ~ r ~~rll'.':r'' J .. 1952 DEC 17 pM i I : ~; 7 Notary Public, State of floTida at I.;.rge qty Commission Exs-tires ~tierc%, i0, 1'(55 - I:n_.d Cr ~y•'tar f,rl 3 .ar,s;ly Cc. - _-~~~```t: ~rrt l'I~r, I11iFr.. ROGER POITRASr rl.~Rx ., ST. 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