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Home My WebLink About2262 ~ Z. To pyr the iadebt~ednees 6ee+sb~ ~ecured and int~erest thereon Pi'omPWi a? tlre d~y~e apecified ice the e~a~e ~ to beooons due ~?nd p,yab~e, aad ~leo cn damand aqy oth~ indebtednee~ tbsi aoy aooYUe and beoame due ~nd ~y~bk to the ma:t~~ee uwler t~hs tarms ~nd p~ovieia~o~ ct thi~ mat~ge; S. To keep the mocf~e~ged praniee~ in tood repo~ci to neitha~r comaniti nve wHer ekip a w~ats co the moew P?8'ed precnmee; to obtain t6s writta~ oaieent of the mcrt~ee b~'ore demoliehins. removia6 cr maLe~ist~1? u1~ . ~4Y ~R~ steucturs or iaaprovement now vc hereafter upon the mort~ed preanises or ba~ors allowins sqy such buildin~, st~ucture oe improvement to be demdiaLed, removed or muterialUr alt~red; not to cananit noc euffer aqy ~ct by w1~icL the value aE the mcct~ed premiaee mqy be impe?ired; euid not to vlolst~e nor permit the vioLtion of any bw~ byaaw, adinanoe oe oadtrect ~ect~in~ the mort~ed pnmises;uoR to vio~ate nor suHer the violstion at the oove- nants and a~e+eeanents. if a4Y, oE record a~inet the mort~ed premises; 4. To p~q b~'ore delinquent o~ befa+s aqj? Paaat~T fae noapy?meat attaahes lhere~o sll taxea impoeitawa, aaeee~meats, wuter rates, ud cbae~es cf every w?hu~e sad to whanever a~eeeeed thst msy now ar here~ttec be impoeed. bvied ae ~sreeeed upou a~inst t~Le mortg~ed premise~ or any part Lhereot, or upon !he rents~ iee~e0. iacame a i pra6fa thereot, wheLher e~qy or all cf sdd tsxes~ aeeeeemeats ae chae~ee be levied directly or indireat~y a as exciee taxea ~ a as inoaone t~xes; ' b. To keep ths bw'lding,s and improvem~ta now atmding or herc~ftar erectai upon t6e mortgased premises ' ~nd aay and sU sppsratus, fixluree and appurteniunues naw or hereafter in or atte~ched to aaid buildin~e or improva ' menta, ineured r?g,sinst lcse oe damage by Sre and such other hw~rde ~s t~e mortg~gee msy fra~n tame to timne require. sU e~ch insuranoe to be in focma, in campsnies and in euma (not lees thsn sutficieat to svoid aqy claim an the part d the ine~rere for co-insuraaoe) astiafactory to the mortgs~ee; that all inaurauoe poiicies ahall be held by and shatl be ~ ~ for the beaefit af snd fi:at psyable ia case of laes to the mat~gee, sad th:?t st ~a+eR Sfteen d~?s before t~he espiratian• cf each euch policy, a new and su~cient poiicy to tmlce the pluce af the one eo e~cpirina sball be delivered to the morw ~ 6d8eQ. T~ ~?~6~ ~~Y ~6~ to the mort~ee ~11 moneya reooverable und~ each eucb poliay, and sareee that in the event af s laee the amount odlected under aay pdiay d insuranoe cn ssid PmPertY ~~~an af the mort~saee, be spplied by t6e mortgagee npan sqq indebt~edneae and/ae obli~stim eacured he:+eby aad ia such order . e?s mort~ee m~y determine; or said amount or any po~tian thereof m~y~ st the optian af the mortg,a~ee, either be nsed .1, • . ~s• n a..a n ~..~.~:..a a ~:.t;.r. .~t:~..tfiarv tn aaid iS IL~tCiTt~ f~airiu~ vr T'zaztui~g su$ aiu~s'~4r."~w rj"u~o'8sii ====--~i - ; mo~tg~88e, ~ be releseed to tbe mortgagor, ia either of which eveata t6e mortgagee ah~ll noR be obli~sted to eee to tbe : P~r ~?PP~~oa thereaf; nor shsll the amawnt so r~les~ed cc ueed be deemed s psymeat an aqy indebtednee~s seaued hereby. The mortgagor herebY +~PP~ta the mort;,agee s?tto~rnay in~evocable of the mort~egac to assign esch euch ' poiicy in the eveat af the tacecloeure af this matg,sae; ' 6. To psy all eums, the feu'lure to puy wt~ich may reeult ia the ~ecquieition af s li~ pri~ to t6e li~ of this ~ mortgsge, be~ore euch s prior liea msy stt~sch; . ~ Tbst upon fsilure to connpty with t~he preoedina coveoaat ae with sny af the oovensnts aad a~eemente as to p~t af taxes, impositiaos, seeeeamenta, wst~er rstes and chnr~es, malcin~ of nPs?re o: msintenanoe d'meur~ ; snoe aa aforeasid, the mortg~gee, without prejudioe to any righta 6iv~ und~ subsequent para~rsphs herein. msY ~ make advanoes to peefam the snme in behalf af fhe m~, aad the mact6agor herPby s~+eee to re~?Y a11 sums ' eo advaaoed in bis behalf, on demand, with int~erest fraon the dt?te advanoed st the rste of eighti per ceatum per annum~ ; and all s~uns eo advanoed, with interest as aforeesid, ahe~D be immedistely due and psyable and be eecured herebY. Lavina tLe benefit af the lien hereby crested, and af its priorit3?. bnt no anch ~dvanc~ee ahsll be dee~ned to rdieve the ' mortg,sgor from any d~ault hereunder or impair sny right or r~medy consequeat thereon, eund the exerciee of the right to make advaacea g~nted in thia p~rsph s6aU be aptional with the mortg,agee snd not oblig~?torY, and the matga~ee s6all not in sny case be liable to t~e mortgagor for failure to e~cerciee say euch ri~ht; ' 8. Thst the mortg,agee e~aU be aubmgsted for furf~her eecurity to the lien, althoug6 releseed d record~ of wny sad all encumbrances p~aid out oE the pmoeecia of the loan secured by this mort6aEe; ~ 9. That, while there ia no default ia the performance or obeervaace af aay af tl~e ooveaaata or asreemeata herein contained, the mortg~gor ahaU have the privileg+e af coUecting and reoeiving a11 reats socruin6 under leases a~ contracts af t~ensacy for the mortg,aged premises or aay psrt thereaf; ~ lo. That, if any a~ctian a~ prooeeding be coonmenoed (~ting sn sction to toreotaee thie mort~e o~ to collect the debt hereby eecured), to which actiaa ar pmoeedina the martg~g~ee is made s party by reaeon of the exe- cutim a[ this mart~e a~ the nate wLich it se~ures, or in which the m~tgfi~ee dee~ns iL neoeeeary to defe~d in ordar to uphold the liea af thia mort~e oe t~ priority thereof or poee~ion af eaid mort~sged prnmises, all eume psid or incun~ed by the moctgaa~ee for couneel fees und other e~cpeases in such actian a~ pmceeding ahall be r~paid by the mu~- p8or~ tagether with interest thereon fraan dste ot psyme~at by the mortg~gee, at the rate of eisht per oeatum per annum, snd all such eunus aad the interest theYeon sLall be immedistely due and pm?ysble snd be eecured herebY, the be~nefit of the liez? hereby crested sad af its priaitY; - i l. Thst any snd all sward+s heretafore made aad hereafter to be made by the GSty of Fort Pierce or any municipal, oounty, state a~ federal authorities to the preeeat and ~all subeeq~ent oWaere af the pr~misee cov~+ed by tbis mort~e, includins any award or awards whet~eer far talcin6 af title to~ paesessiar of~ ~ any interest ia, t~ mortgn~ed premiaee or any part thereaf and aay aaard ~ swarda received for'dsmsges suetained by the mort~ed pre~aiees a aay psrt thereaf o~ f~ aay ahange or changes af grade af streeta affecting ssid premisea, are h~ebY aes~ed to the mortgagee; and the mortg~~ee, st ita opt3an, ia hereby suthori~ed, directed snd empowered to co~ect and reoeive • the prooeeda d aay euch award a~ awards frapn the wth~srities nne~king the eame and to give pmper reoeipts and acqui~ ~ tanoe, therdoc, and to appty the sune toward the psymeat af the amaunti owina oa soeount af the mort~e debt, aotwit~ataading the fact tbat tbe aanount awina an aa~int af the mortgage debt may not be th~ d~e aad PsY~; ~ aad the martg~or henby oovessnts and a~+ees to aad with the mort6+~, uP~ ~N~t by the mortgsgee, to mulce, eacecute aad deliver any aad all assi~m~te aud oRher instn~nneats su8'icieat fae the purpo~e.af sesigning tbe afoc+eeaid s~rsrd or swsrd~sto tbe mortgasee free, clear aad diecbar~ed af any and all encumbrauces af ~ny Irind or nsture ~rl#st- . eoever; ~ 12. 1Lat any lailur8 to exerciee aay right hereunder ehall not eo~ar~tute nor be caostrued se s~v~iver af thst ~ right at aay future tin~e; " 13. • Thst this mat~e croe?te~ a oantinuioa lie~a to secure the full aad 6na1 paymeat of the debt hereby secured ~d aU otber oblig~?tioos impoeed hereby ~nd hereafter erieioa. NOW, if tbe payments ars made ~s-provided snd aIl t,be fa~oina coveoaat~ and s~+eem~ent~ at+e periamed t ' aad obeerved, this mort~e ahall bs null and void and ahsll be e~e3aiaed at tbe oost af tbe mat~a, whia6 cod tbs ~ ~ ~~k~6~ +6~ ~ P~?p; but upao ~ay ddault in tbe payment d-tbe indebtedaees bereb~ ~earred a~ at an~ iast~l!- . meat thereof o~ d interest tb~reon~ as tbey sevually beeame due. ac upan an~ dete?ul! ia t6e parfaemaaoe er ob~erva~ibe ~ ; , ~ ~ ~ ~oR~ 82 308 _ . ~ ~ . _ - ~~~...._.~~~~~.~.r,_.~~~- - .~-~:s _ - _ ~ ~4_=~