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HomeMy WebLinkAbout1678 3. To plew and continuouety keep on the bui'd~ngs now or nereefrer >;ruerr on sa~d ~e~d ar.d ~n a'~ eq,.~p~»ent and persona'!y cove+ed by this mortg- ay~, with all premivm~ thereo~ pa~d in full, fire insuranca in the ~sual starxlard polity form, in a sum epproved by rha MOR~v~CyE~, snd windttorm insurance In th~ usual ~landard policy iorm, in e sum approved by the MURTGAGEE, in suth company or cumpan(es as the MORTGAGEE may dirtct; end •II firs end wi~di?orm inswance paliciee on any af said bu~ld~ngs, any interee~ there~n or pan theroof, in tha aygregare tum afweuid or in ~xceu the~eof, sMll contain the usual standard mortgagee clavse ar such other cleuse es rhe Mortgegee mey requ~re, making rhe loas under eald pali- cits, ~ach and every, p~yab~o to said MORTGAGEE es its interesl may appeer, and each and evary such po!icy ef~afl Ix promptly ass gned and delivered ro ~ny held by faid MORiGAGEE ~s further ~eturity to ~aid mortgage debt, and. ~ot !ess than ten (1~) days in advance of the ezpiration of each policy, to dw- liwr fo seid MdRTGAGEE s rrnew~l thereof, togethsr with a receipt for the premium oE su:h renewal; and thzre shall bc no i~i- or windsrorm inwranca pl~csd o~ aoy ef t~id buildings, any interetf therein or part thereof, unless in the form and w~fh the losn payable aa aioresaid; and in the event any sum of mo~ey becomet pay~ble under wch policy or poiicies said MORTGAGEE shall have the optron to rece~v~ and apply the same on account of the indeote~d~ n~ts secured hers6y w ro permit said MORTGAGORS ro reteive and uee it or any oar~ ~hereof ioi o;i,~r ~;urpases: w:ih~vt !h:~~ u; waiv~ ~g ur ~~npau- inq any equity, tian or right u~der or by virtue of thi• mo:tgagr; and in the event sald MORTGAGORS shafl for any reaaon fail to keep the said premisa• so ir?ivrad, w fail to d~liver promp~ly sny of said policies of insurance to safd MORTGAGEE, or faii prompNy to pay fully a~,y p~e~n~um rherefor or in any r~spect fail 1o p~rform, distharga, exec~te, effect, complete, comply wi~h and abide by th+s cove~ant, ar any part hrreof, said MORTGAGEE may place and pay fw such irourents w any part thereof without waiving nr affecting any oprion, lien, rquity, or right under or by virrue of this Martga9e, and the ful) amount of each ~nd cvery suth payment ahall be immediately due and payable snd shall bear interest from the date thereof until pai~ at the rato ol nine per centum psr ann~rr and togerher with suth interest shai~ be sacured by the lien af this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of seid property or any part thercof. S. To pay al) and sinqular the costs, charges and expenses, iricluding a reasonable etrorney'~ fee anrJ cos!s of a6xtrads of titte, inwrred or peid at any time by taid MORTGAGfE, because a in the event of the fa~lure on the part of ;he said MGRTGAGOR to duly, promprly and fully perform, d~scharge. e:ecute, effect, cwnp,ete, comply with and ab;de by each and avery the stip~latians, ac~reemenrs, conditions, and covenants of safd prcmissory note and th~s mortgaqs any w eithe~, and aaid costs, charges and ezFenses, each and every, ahall oe immediately due and payable; wherher or not there be notice de- mand, enempt to collett or euit Fending: end the full amounl of each and evary such paymem shall bear interest from the date thereof until paid at the rate of ni~e per centum per annum; and all said costs, charges and expenses inc~rred or paid, together w~th such intarest, ahall te sec~red by the lien of thit mortflaye. 6. Thai (s} in the event of any breach of this Mortgage or defavlt on the part of thc MOFTGAGdR, or ~b} in the event eny of sa;d sums of mo~ey here~n referrad to be not promptly end futly paid within thirty (30) days next after the same severa:Iy becorne due and payablt, witnout demand or notice. ot (t) in the event each and every the stipulations, agreements, tondrtions and covenonts of sa:d promissory note and 7h~s mortgage any or either are nof ~uly, promptly and fully performed, d~scharged, eaewted, efiected, completed, complied with and abided 5y, then i~ e~ther os sny such eveN the said a9• ~regate sum mentio:xd in said promissory note then remaining unpaid, nitfi imerest accrved, and alf moneys aecured hereby, sha!I become due ar.d pay- able fortt~with, or thereaftrr, at the opt~on of said MORTGAGEE, as fulty and completely as if all of ~he sa~d s~m~ of money were original~y •tipulated fo be p+~id on such day, anythirtg in said prornissory note or in this Mortg~~e to ttie conirary rotwi+hsta~ding; ard thereupon or thereafter at the option of said MORTGAGEE, without noricr or demand, suit at law or in equity, thereiore or thereafier begu~, may be prosecwed as if all moneys secured hereby had m~tured pnw to it~ inst~tution. 7, That in 1he event that at the beginn~ng of er at any time pending any su~t upor~ th~s A4ortgage. o~ to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MGRTGAGEE shall apply to the Court having j~nsd:c~ion th:reof for the appo~ntment of e Re:e~ver, such Coarri ~hall forihwith appoim a receiver of said mortgaged proper!y all and singulnr, includ~ng au ano sh,gula~ rhe ir.come, profits, iss~,es and revenues from whatever wurce derived, each and every of which, ii being express'y underafood, is hereby mortoaged as if spec~f~cally se~ forth and described in the granting and habendum tle~ses hertof, and such Receiver shall have atl ~he broad and effcct~ve fu.^.u.ons and powers in anywise enirusted by a Court to a Receiver, end such appointment shall be made by auch Co~rt as an admitted equ~ty and a matrer of abso!~~re r:ght to said M.ORTGAGEE, and without reference to the adequacy or inadequa<y of the va!ue of the properry mortgaged or to the so~vency or inso~vency ~f said M02~GAGOR or the defendants, and that wch rents, profits, 3ncorne, issuei a~d revenues shall be applied by such Receiver accord~ng to the I;en or eq~ity of said MORTGAGEE and tFe practice of such CouR. 8. To doly, prcxnptly and fully perform, discharge, exetute, effett, complete. cernpiy with and ab:de by each and every the siipulation~, aflreements. tonditions ~nd covenants in said promissory note and fh;s morrgagz set forth. 9. That in the event tfie ownenh~p ef tne mortgaged prem~ses, or any part therecf, becomes vcs?ed in a person ather than tha MORTGAGOR, the MORTGAGEE, its successon and assigns, may, witho~? not~ce to tne PP~ORTGAOk, deal wirh such successor or svccessor in interest with reFerence to th~s mortgage and ths debl hereby iecured in the same manner as with Moragaaor w~rhout in any way virlatiag or d~scharging Ihe Morrgagors' liability here- under or u~n the debt hereby secured. No sa!e of the pren•.~ses hereby mortgaoed ar,d no foroeara~~ce on the part of the 1~10R7GAGEE or its succassora or essigns and no extension of the time for the paymem of ~he deb~ hsreby sea:rzd g~~•en by rhe rrORiGAGEE or its successcrs or ass~gns, .hall operate to release, discharge, modify change or affect the original liauiiity of the MORTGA'vOR herein, either in whole or in part. 1J. It in speufica~ly agreed that time is of rhe assence of this conrract and that no waivee of any obl~gatlon hereunder or of the obligation se- a,red hereby shall at any time thereafter be held to be a waiver cf rhe terma hereof or of the ]nstrument secured herby. I 1. In add~tioo to the forego'ng ~noMh!y paym~nts of princ pai and in'e-rs+ requ~red by the prom sscry na!e secured hereb~, mortgagor eovanants and egrees to pay iu ~ortgagee with eath monthiy payn:ent an add~=ional wm ~shr~ a~ed by mo!tgagee ro be equ~i to l:' i2 of tne annuaf cost of tha foliow- ing: A-fi!I real property taxes levied or assessed agai~is' the above desu~had real esr~te. B--P~emiums on fire ar,d w~indstorm insuracce as t~ere~n requ~red to be carried en ihe imprOVeme~ts s~tuaie on the above d°scnbed premises. C--Premiums an such mortgage guaranty insurance as mortgagee shail from. t~rne to tune deem fit to carry on the loan secured hereby. Mertgayee shall from time to time not~fy mertgagor ~n wr:?~ny of the a--~,o:;nt d~e and psyab!e hereund.~r and such s~,~; sha{I thcreupon be due and payab!e en tne d~~e date oi the next monthiy paym~nt a~,d each svccesrve month the~eafter ~~:ti! mcrt9agee sha!I not~fy rnortgagor of a change in suth amount. Such sums shal; be applied by morigagee toward ihe payment of reat property taxes, insura~~ce prem;ums, a~id mortgage guaranty insurance premi~ms. {N W1TNE5$ WNERcQF, th~ said MORTGAGOR has hereunto set his hard and seal the day and y rst o id. igntd, S led snd ' ered in the presencg of: ~ Seal) • -(Seel) _ (5eal) - - _-(5eel) STATE OF FLORIDA ' coura ~r oF s t Luo 18 _ i Elefore me pertonally appeared C+18U.d8 M Ci~.~~ end ~'~8Z491 M ~i38,I'~ ~ his wife, to me welt known and known to me tn be the individuals deitribed in end who e: ecuted the foregoing instrument, and a<knowSedgad before me that they executed the same for the purposes therein expressed. And the said._: g8Z91 _ C%ZSI'~{ _ wife of the aaid SlgLlde M. ~'R~.~~2'~f upon a separate end privste exsmination by me taken aeparate and apart from her seid husband, ackreowledged tu ansl before rne that she executed said instrument freely and votun- tarily a~d without any computiion, constraim, app~ehen~ion~ flr fear of or from her said husband. WITNE55 my hand and official sea! this f" A~ _ day of 8 ~ A. D. 14v._Z_ - ^ Notary f'ubl' ~n and for sha State of Plorida at Lerqe .`,''~;~t21~+je,, r~ My Commi :on expires: - ~ 4 ~i t` FtLED AND FtECOR13E0 F ~p1•Gw~l~dr',~,oan Aswciatior~ ~ I~'~. 8 t~ Plotary Public, State af Florlda at l,.arge .•v of Fo~ p+~~. My Commissiors ExRires !?ug. 6, 1967 (~o'~ p~e ~FIO~;6~ _ yr E3andW By American Surety Co. of N. Y. ~ _ ' , . Ok.d-G~~ ~ . ~ M ° ~s~ ~u~ ~ ~ P~ ~ : a 8 . ~ , ~ ,ti ~ - ~ • ~ .13~~~~3 - . a : ~ ~ ,I = . RO~ER POITRAS. CLERK ~ ~-,T , ~ ~ ST. LUClE COUNTY, ~ FLORIDA ~ ~ ~ ~ • ~ ~ C' ~ - ~ ~ ) ~ .~~v i eoox _ ~ i ~ ~ ~r f V- . . ~ - . _ . .