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Home My WebLink About2369 Z. To py? tbs iadebtedner ha+eb~ ~eaured ~nd interes0 Lhee+eon P~PUY fa tLe tame ~ to beooone due and p~yabis, aad abo on des~nd r?qy o~her indebtednee~ th~t myr ~oceue and beooaae due and p,yabb , Lo ths sport~ee under tbs tero~s and providon~ oi this moct~e; , j • 3. To keep the mort~~ed Premises u? ~ood repsiri to nettber comani! aor auRer etrip or w~ste on t6e mort. : ~aed Premiees; ta obt~in ths writtea conaent ot the mo~rtge~gee ~before demoliehing, removing or me?teriallq aiterin~ • aqy building, atructure or impmvemeat now or hereafter upoa the mart~sged pnmiees or betore e?Uowing•any eucL bu~ding, steucture or impmvement to be demoliahed, ,removed or msterial~r idtered; noL to ~ommiti nor euRer e?ny act by which t.he value of the raoetgsged premiees msy be impaired; snii noL to violste nor permit the violation at any - la~v~ bylaw~ ordinanoe or contrscL aQecting the mortgaged premieee; not to violste rtor ea~er the vi~ation of the cove- nants' and agrecments~ if sny~ of record againat the mortgaged premieee; ~ , 4. To psy betore delinquent or betore sny peualty for nonP4Yment attaches thereto aU tauee, impositaons, . aeeeesments~ watee~ rstes~ and chargea af every nature and to whomever aAeeeBed thnt may now or heree?[ter be impoeed, levied or eu~eee9ed upon or agaiaet the mortgaged premieee or any pe?rt thereof, or upon the rente, issuee, income or pmfite thereof, whether e~ny or all of eaid taxee, aseeasmenta or chargee be levied directly or indirectly or ae exciee t~ucea or ae inc~me .taxee; . . ~ 5: To keep the buildinge and improvementa now atau?ding or hereafter erected upon the mortgaged premiees t?nd any and all epparstue, fixtures and appurtenancee now or heresiter in at sttached to said buildin~s or impmve- menta, inanred against loee or damage by fue e~nd euch other hassrds as the mortgsgee may irom time to time require, . sil auch insurance to be in forms, in coaapanies and in aume (not lees than euf~cient to avoid any claim on the.part of the insurers for co-ineuraaee) eatiefactory to the mortgagee; that all ineurance policies shall be held by and ehall be - ~ for the.bene6t at and firet paysble in case of loee to the mortgsgee, and that ~.:least Sfteen dsya before the expirataon ~ of each such policy, a new~snd su~cient poiicy to teace the place of the one eo expiring ehaU be delivered to the morti- gagee. The mortgagor hereby sesigoe to the mortgagee all m~eya recoverable under each euc6 policy, and agre~ . ih~?t in the event of a laes the amaint collected under sny poiicy of ina~rance on eaid property msy, at the option of the mortgagee, be applied by the mortgagee upoa any indebtedueae and/or obligation eecured hereby and in euch order sa mortgagee mny determine; or said amount or any portion then~af may, at the option af the mortgagee, either be uaed in replacing, repairing oi' restorin8 the improvementa partislly or totally destroyed to s conditioa estisfactory to said mortgagee, or be releaeed to the mortgagor, in either of which evenis the mort~ngee shall not be obligated ta eee to thc proper application thereof; nor ehall the amount ao releaeed or ueed be deemed a payment on any indebtednees eecured hereby. The mortgagor hereby sppointe the mortgagee attorney inevocahle of the mortgagor to aseign each such policy in the event of the foreclosure of thie mortgage; 6. To pay all euma, the failure to pay which may result in the acquisition of a lien prior to the lieu of thie mortgage~ before such s prior lien may attaeh; ~ - 7. That upon failure to comply with the preced'u?g covenant or with say of the covenante and agreemeate ae to payment of taxes, impoeitiona, aaeeeennente, water ratea and chatges, making af repaira or msintenance of insur anoe as aforesaid, the mortgagee, without prejudice to any rig6te ~iven under subeequent paragraphs herein, may make advancea to pedorm the same in behalf of the mortg,sgor, and the mortg~gor hereby sgc+ees to repay sl1 sume so advanced in his behalf, on demand, with.interest from the dete advanoed at the rste of eight per centum per annum~ and all eums eo advanced, with interest se sforeeaid~ s6a11 be immedietely due and psyabte and be eecured hereby, . having the bene6t of the lien hereby created~ and o# its priarity, but no euch advanoea ehall be dcemed to relieve the mortg~agor from any default hereunder or irnpair any right or remedy coneequent thereon, and the exercise of the sight , to make advances granted in thie paragraph ahall be optional with the mortgagee and not oblig,atory, and the mortgagee shall not in any caee be liable to the mort~agor for failure to exerciee s?ny euch right; 8. That the mortgagee ahall be subrogsted for fw~ther eecurity to the lien~ although releaeecl d recocd, of any and all encumbrances paid out of the proc~ede of the losn eecured bq thia mortgage; 9. That, while there ie no default ia the perEormance or obaervance of any of the covenants or ag~+eementa - herein contained, the mortgagor ahall have the privilege of collecting and receiving sll reate accraing under lessea or contracte of tenancy for the mortgaged premises or any psrt theeeo~f; 10. That, if any action or proceeding be commenced (e~ccepting-an action to forecloee-thie mortgage or to • ~ collecL the"debt her8by secured); to which action or proceeding the mortgagee ia made s psrty by reason of the exe. cution of this mortgage or the note which it eecures, or in which the mortgagee deeme it neoeeaary to defend in order • to uphold the lien of thie mortgage or the priority thereof or paee~sion ~ eaid mortgaged premiaee, sU suma paid or - incurred by the mortga~ee for couneel ~ees and other expeneee ia euch action or pmoeeding ahatt be repaid by the mort- g,agor, together with interest thereon from -date of payment by the mortgagee, at the ratc of eight per centum per annum,~and-all~such sume and the interest thereon ahall be immediately due and payable snd be eecur+ed hereby, having the bene6t of the liea hereby created and o~ its priority; - _ _ 11. That un~• :~n~l ~+1! sxarda heretafore made and hereafter to be made by thc City af Ft. Pierce or any municipal, count,y, state or federal authoritiee to the preeent and aU subeequent ownere of the premiaee covered by thia mortga$e, including any award or awasde whether for a taking ot title to, poee~sion of~ or any intereat in, the mortgaged premisee or any part thereof and anq award or awerds reoeived fos damages sustained by t6e mort~aged premiees or any part thereof or.for an3r change or ehanges of gra~de oE atreet~ aBectiwg eaid preanisea, are hereby asaigned to the mortgagee; and the mortgsgee, at ita option, ie hereby authori~d, dii+ected and empowee+ed to oollect and reoeive the proceed$ of any such award or swards fra~n,the authorities making the same aad to give proper receipte aad acquit. • taacee thenefor, and to apply the same toward the payment ~ the amount o~ing on a+ccount of tl~e mortgage debt, notwethstanding the fact that the amount owing on account of the mortgag~e debt msy not be tben due and payable; snd the mortgsRot herebp covenante and sgreea to and with the mortgn~ee, upon request by t~e mortgsgee, to malce~ ezecute and-deliver any and all assignmente and other inatrumente eu~cient for the purpoee d aeeigning the aforeeaid awsrd or ewards to the mortgagee free, clear eud di~echargecl of an}c and all encumbrances of any kind or. nature whst- eoever; _ , , _ _ 12. Tt?at any failure to exerciee any right hereunder ahatl not conatitute nor be construed ae a wsiver af that right st aAy futune time; ' -13. T~at thie mortg,age c~+restee a cantinuing lien to eecure the full and fwsl payment of the debt 6ereby eecured and all other obligationa impoeed Lereby aad hereafter arieing. NOW, if the psymenta are made ue pro~•ided aad all the~foregoins eoveasnts and ~eats u+e perfamed and obeerved, thia mortgnge ehail be null sad void sad u6st! be rela~e~ed st tbe eoet d tLe mortg~or, which east the m~6a P~Y: but upon say defsult in the psyment of t,be i~ebtednees }~+eby necured oe af any install- meat tbereof or of interest therEOn, ae they eeverally beconne due, or upon any defsult in t~he perforn~snee or obeervaace • ' • 0 R. - ~ 111 ~A~E565 , ~:.y - - , .