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HomeMy WebLinkAbout1673 ~ 3. To pl~c• snd tontinuou~~y kcep on the bui;dings now or hereaftar •iruate on sa~d ~and ar.d on a'i equipment and personatly covered by this mtxtq~ p~, with •II promiuma tt~eraon paid •.n full, fire insursnce ~n iha usual standard policy form, in a sun+ approvex~ by tha MORiGAGEE; and wi~torm ~ i~su~ince in the ueu+l sNndard poi~ty fam, in s sum approved by the M~RTGAGFE, ln such cornpeny or compan:es a~ ~he MORTGAGEE may d'•~tt; ~nd all fira and wind~torm i~aurrnte pal+c~es on any of ~aid 6uild~nqs, any enterest therein or part thereof, in ihe aggregate sum aforesa~d or in ~xtets ti~erwf, thall car+tsin the uwa~ •randard mortgagee ciauee o~ s~ch other clause sx the Mortgegee may reyuira, mekinq rhe loss under smd po1M ci~s, ea<h •nd ev~ry, p~yabl~ tp said lNORTGAGEE ai its iNeres: may eppear, a~d each and every evch po!ity ahall be promprfy ase g~~ed a~~d delirared to ~ny heM by tsid MORTGAGEE ai fwtha iecuriry to said mortgage deb!. and. not les~ than /en (1C) days i;~ advanc-r of the expiration of each p~liry, fo do- liwr to ~eid MORTGAGEE a~~newsl thert,of, tog~ther with a!aceipt for the premi~m of such renewal; and ihere shall be no f~re or windarorm insuronce pleced on sny of s~id b+ui~di~uy~, any intereYt therein w part tFarcof, ~ntcis in the form and v:ith 1he loss payabte as aforesaid; a~d i~ thr event any wm of monsy bacanet payable under suth po7iq or pcl~cies said MORTGAGEE shall heve rhe opfion ro rece~ve and app;y the fama on acco~nt of the indebfed nesa secured hersby or to permA seid M0~2TGAGORS ta receive and uH it or any part theraof for oci~~ r E;vr,.,oses, .vi~ho„t ~h o; ~v3~~~n~ u~ ~ncpa~:• iny any equify, li~n w nyht under or by virtua of ihis ~+:o:tgage; and in the avent said h10RTGAGORS sha'.I for any reason fail to keep che seid premisas ~o inauted, a f~it fo deliver promptly any of said policies of insurance to sa~d MORTGf~GEE: or fai~ promptiy to pay f~lly any prem~~m therefor or in any r~~pect fail to peifwrr~, disthuge, execute, effect, complefe, compfy with and abide 6y th~s covenant, or any part he~eof, aaid MORTGAGEE mey place and pay fa such irxurance or ~ny part thereof withaut waiving or affecti~g any opt~on, lien, cquiry, or r~ght under or by virtue of this Mortgage, anti the f~ll amovnt of each and every s~ch payme~t shalt be immediately due and payable and shall bear interes~ from the dare therenf until paid at the rate o1 nirve per centum per an~um and together with such interest shrli be securmd by the lien of thi~ mortgage. 1. To permet, tommlt w suf`.er no wastr, impairment or deteriorafion of aaid propeny or any part thereof. 5. To pay all and singuler itro cosis, charges and expenses, including a reasonable attorney's fee and costs of ab~tracts of title, incurred or paid at any time by said MOkTGAG:E, betauu or in the event of tlie fa;lure on the part of :he seid tyIORTGAGOR to duly, promp*ly and fuliy perform, d~stharge. execute, effetl, complete, tomply with and eb~de by each and everv the stipulations, egreemrnta, cond~+.iona, and covenants o( ~aid pcom~ssory note and this mortya(~e any w either, and eaid cosri, chargrs and cxpenses, each and every, shall be immediately due and payable; whe~her or not there be noticc de- mand, attempt to collect or suit pending; and the full amount of each and every such payment shail bea~ interest from the da~e thereof until paid at the ratt of nine per centum per annum; and all said cosrs, charges and exr~enszs incurred or pald, togethrr w~th svch interest, sha~l be secwed by the lien of ihis mortgaqa. 6. 7het {a1 in the eve~t of any breath of lhis Martgage or default on ?he part of the MORTGAGOR, or ;b) in the event eny of sa~d aums of money herein refened to be not promptly and fully paid within th~rty (30y days ~~ext after the same severatly become due e~~ payable, withovt dem3nd or notice, or (c) in the eveM each and every the stiputat~ona, agreaments, conditioes and covenanrs of sa!d promissory note and th~s mortgage any or either are no1 ~uly, pramptly snd f~ally perfwmed, discherged, executed, effected, completed, complied with and a6~ded 5y, then in either or any }uch event the said ng• : gregal~ sum mentioned in said promissory no!e then remaining unpaid, with interest accrued, and a!! moneys sec~red hereby, shall become due and pay eble forthwith, or thereafter, at the option oi saici MORTGAGcE, as fully and comple~ely es if afl of ~ne sa;d sums of money were origmally aNpulated to be p.~id on auch day, anything in sa;d prornissory note or in this Mortgage to the conrrary notwithstanding; and thereupo~ or thereafter at tFe option of said MORTGAGEE, without notice or demand, suit at Iaw or in equity, therefore or thereaiter begun, may be prosecuted as ii all moneys securad hereby had matured prior to its institution. 7. That in the event that at the beginning ~f or at any time pending any su~! upon this Mo.tgtge, or fo foreclose it, or to reform it, or to enforce payment o4 any claima hereunder, seid MORTGAGEE aha11 apply to the Court havfr.g j~nsd'.crlon thereo~ for ~he appo~ntment of e Receiver, such Court sheil iorthwith appoint a reteiver Of said mortgaged property all and singular, i~dudmg all and s~nq~lar the incoma, profits, issuex and revenues from whatever wurce derived, esth and every of wh~th, it being expressly understood, is hereby mortgaged as ~f spet~fically set forth and described in the grenting and hebend~m clauses hereof, and such Receiver shal{ heve all the broad and eff~rive f~nct~ons an~ powers in a~ywisc entrusted by a Court to a Receiver, end such appointment sl+all be made by such Court as an admitted eq~ity and a matter of absolu~e rignt t~ sai~+ MORTGAGEE, and wirhoui reference to the adequacy or inadequacy of the vaiue of tha property mortgaged or to the so:venc~ or ~nsclvency of sa~d MORiGAGOR or the defendant~, and that tuch renta, profits, intome, +saues and revartues ahal~ be applied by such Receirer accord~~~g to the lien os ey~ity of said MORIGAGEE and the proctice of such Courr. 6. To duly, promptly and f~lly perform, discharge: execute, effect, complete, co^~ply with and ab~de 6y each and every the stipulations, agreemenro, ~ tondi!ion~ nnd covenents in said promissory nots and this mortyage set fo!fh. 4. That in ths event the ownership of the mortgaged premises, or any part thercof, becomes vested in a person other shan the MORTGAGOR, fhe AAORTGAGEE, its wccessors and assigns, may, wiiho~t notice to the :41Q27GAOR, deal •nith su:h successer or successor in interest with reference to this mortgage and the deb~ hereby secured in the sam~ mann~r as with Mortgagor w~thou± in any way viriating or d,scharging rhe Monqagors' liability here- under or upon Yhe debt heroby sewred. No sa!e of the F~remises hereby mo:tgaged and no forbesrance on !he part of the MOR7GAGEE or its wccessors or assigns and no extension o( the time for the paymem of the debt hereby sec~red given by thF M,ORTGAGEE or irs successers or assigns, ~~~all operate to release, discharge, modify chan~e or affect the original liab;li~y of the MORTGAGOR here~n, either in whale or in part. 10. It is speclfically eareed that time ia of the essence af this conrra.t and that no wa~ver of 6ny nbtigatton hereunder or of the obligation se- - ct,red hereby shall at any time thcieafte~ be held to be a waiver of the terms hereof ot of the instrument secured F~erby. 1 t. In addltion to the forego:nq monthiy payments o( princ pai and interest req~ired by the prom>sscry no!e secured hereby, mortgagor covenants and agrees to oay To mortgagee with each momhly payr„ent an addi~ional svne es!!n,ated by mortgage? to be eqotl te 1; 12 of tha annual cost of the fol;ew- ing: A-Ali rcal prope+ty tar.es levied or assessed agair~st thc abave desc~ibcd real estate. B-Pr~miume on fire and wir.dstorm insurarce as here~n requ:red to be carried cn the :mprovemc~ts s~t~ate on the above described premises. C-Pramiuma on svch mortgage guaranty ins~rar~ce as mo~tgagee shail frer~ r mr fo t~•r.e (~EBT fit to c3rry on the lo~n sewred herebv. Mort9agee shall from time to time notify mertgagcr in writing of ih= a^~,o:,~~t dve and payablc hcreund~r and SUCh surn shall thereupo~ be due and payable on the due date of the next month!~ payment and ea:h r:ccessive ;nor,tn tnereaft~r ~r.ti; mcrtgagee sha!I noi;fy mortgagor of a change in such amount. Such sums sF.all be app!ied by rnortgagee rox-ard the payment of real prop?rty taxes, insvra:,ca prem.~ms, a~~d mortgage guaranty insurence premiums. , WI1NE55 WH , the said MORTGAGOR has here~nto set his har,d and seal the day and year firsr a'oresaid. ~ iqned, aled nd d ivcr 'n the preaence of: ~ (Seal) (5esl) _ _ (Seal) _ _ ._(Seap STATE O~ fLORIDA ~ COUN'IY OF G • ~UC~+B ~ and eefwe me penonalfy appeared ~ae s ar Ri ek s Amelia R eks his wife, to me well known and kno•n+n to me to be the individuali described in end who executed the foregoing instrument{ e~d acknowledged before me that they executed the same for the purposet therein expressed. Md the said__ ~S j~ a R i ek s wiie of the said ~a~$fir R3Ck$ _ upon a separate and priv~ts examinatian by me taken separa3e artd apari from her said hwband, acknowledged to and before me that she exetutad seid instrument freeiy and voiun- ?ai~ly and without any compulsion, con,traint, epprehensbn or fear nf or from her said husband i K WITNESS my hnnd and official uel this 12}'n day of J~le A• D• 19 IW . - N tary Pub~ic in and for tha Sta~,jd`pf~.'~~1oRid~~1T 1pfQq R~~ Y Cammission ezpires: • ~~~~sy°'~~ . Retur~ To: ~ A a 4~ Pir:t Federsl Savir,gs 6 loan A:aouat;on ~ N yQU~RY pUg(,tC, $j~1~q( FLQF~~}1 LARGE Of Fon P:erce. ' ,J ~j _ MiY COMMISS~ON ~tlCES~APR; 24. ~~9 Fort Pierce, F!orida './Jvwe~i ~ ~~l~~ ^ ~ ~ _ '~~;''-T : ~ • '65 JUN ! ~ PN 3 : 57 d ut~~! ti \ . . ' . - ~ J~I' r 1~C.i~~ ~i•i~{ • • ~ ' "RAS, CLERK ~ ~ ~ ~ ~ ROGER P01 ~ ' - t~ gT. LUCIE COUNTY. - ~ . FLORldA. { . 1~0 . ~ I. ~y ~ ~ . _ - . . ~ .