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HomeMy WebLinkAbout2126 3. To place and conlinuo~+iy keep on the 6~~;:ci~~;gi now or nerrafter ~ltuate oo ia:d 'and a~7 ~-n a' cR~ipr.~ent and pereona!~y covered by this mortq- ye, with all premiums Ihereon paid in f~ll, fire ins_rance ~n the vsual srand~rd poiicy fo~m, in a su~n approved by the MORfv.aGEE, and windstor.n insur~nce in tha utuai atend~rd po:~ty fonn, in a sum approoed by the MC~RTGAGEE, in ~~<h .ompa~y or tompaniee as the MORTGAGEE m~y diratq snd all fire and w~ndsrorm insurance pol~c~rs on any of sa~d buiid;ngs, any intcre~t therein or part thereoi, in the aggreyate sum aforesaid or fn ~xcess thereof, shal! to~tain the ~aval standard roongs~~e dause or such orhe~ cl~use as the Irlo~roagee may req~+~e,~making the loss under sa~d polh ciss, each end every, payable ro said MORTGAGEE as its intar~st ~nay ap~ar; end each and 0~'Cry such po5cy shall be promptiy asa gn~d and del~vered to ~ny held by said MORTGAGEE as furrher security to said mortgaye debt, rnd, not lzss ~~~an ten (1Q} days in advance of the expirntion of eech poficy, to dr , liver fo said MORTGAGEE s renewal rhereof, toge~her with a rece~pt for the prernium ai wch renewa!; a~d tnere shall be no fre or windsrorm inaurance pl0ted on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as afcresaid; ar.d in the event any sum of money brcomea payebls under such policy or poGcies sa~d MORTGAGE~ shall have the opf;un to reca~.~~ r.nd apE~ty the sarne on acco~~it of the indebted- nesa secured hereby o~ ta permit safd MORTGAGORS to receivr and use it or any p.~rf rt~;•,eoF to~ o~~~• r p~r; csrs, v::ih;.;t ~Fu•ru~ .v~i.i.~~ or ~~np~;.. i~ any equity, lien ot tiyht under or 6y virtue of this mcrfgage; end in the event sald MORTGAGCRS sha!I for any ~aason fail to keep thc said premisas so , imvred, or (ei! to deliver premptly any of said poGcies ef ins~rance to sa:d MpRTGAGEE, or fa:l pro~+p!ly to pay fu!ly any pre~n~v+n therzfor or in any reapect fail to perform, discharge: execute, effect, complera, corT~ply wlrh and ab~de by thfa covenant, or any pa:t hzreot, safd MORTGAGEE may place and pay fw suth inaurance ar eny pari thereof without waiving or afiecting any opiion, ~ien, aqu~ty, or right under or by virtue of this Mortgage, and the _ full amount of eath and every tuch paymrnt shall kx immediately ci~e and payab4e and shall bear interest from tha date thereof until paid at the rate o' nine per centum per ennum and together with such inrerest shaii be secured by rhe tien of th~s mortgage. To permit, commit or suffer no wasre, impairment or deteriorarion of ~aid property or any part thereof. 5. To pay all and singufar the tosts, charges an~+ expenses, induding a reasonable attorney's fee and costs of abstratts of title, i~curred or pafd at any time by said MORTGAGEE, because or ir. the event of thc f~~lure un the part of che sa~d MORTGAGOR to d~ly, promptly and fully perform, d~scharge. execute, effett, complete, comply w~~h and ab:de by each and every the 3rfo~Iarohs, agreemen!s, cend~tions, and covenan!s of said promissory note snd ihis mortgage any or either, and said costs, charges and expenses, each and every, shall be immedietely due and payab!e; whether or not there be not~ce d~ mend, attempt to collect or su~t pend~ng; and the ful! amount of each and every svch payment shall b>ar inte:est from the date thereof unti! paid at the rate oF nlne per centum per an~ium; and all said coeis, chrges and expcnscs ~n<urred ar paid, togetner with suth interest, shall be setured by the lian of thit mortgage. 6. That (a] in the event of any breach of this Mort_yage or defau't on the part Ut th~ ,1-tORTGAGOR, or ;b) in the event any of sa:d su~ns of money herein referred to be not promplly and fuliy pa~d wirhf~ thirty (30) days next ahe• the same severa!iy becoma due and payable, without demand or notice, or (c) in the eve»t zach and eve~y the stipulat~ons, agreements, cond:~ions and covenants of sa d pro~nissory note and ttr~a mortg~ge any or elther are not ~uly, prompNy and fully performed, d~scharged, executed, effected. compteted, compGed with and ab~ded Sy, then in either or any such event the sa~d ag• gregate aum mentioned in said promissory note then remainirg unpaid, with interest accrued, and ail moneys secured hereby, shall ozcome due a~d pay able forthwifh, or thereafter,. at the ootion of soid h10RTGAGEE, as fully and comp!etely as if a!I uf thc said sums of money were origina~ly st~pulated ro be paid on suCh da1, anything in sa:d promissory note or in this Mortgag~~ to the contrary notwithstanding; and there~~pon or thereafter at rhe option of said MORTGAGEE, witho~t ~ot~ce or demand, su~i at law or in eqvity, therelore or ihereafrer begun, may be p~osec~ted as if all moneya secured hareby had matured pnar to its instiruTion. 7. Thet in the event that at the beginn~ng of or at any time pending any sui! upon this Mortgage: ot to foreclose it, or to reform it, or to enforce peyment of any r!aims hereunder, said MORTGAGEE shal( apply to the Court haviry jur~sd ~iion theceof fcr the appointi~ent of a Receiver, s~ch Court shaH Fnrthwith appoint a receiver of said mortgaged property all znd sing~lar, inc;~d ny a;l and s~ngular the ir.co~,e, prof~ts, iss~es and reven~es from whatever so~rce derived, each and every of wh;ch, it b?ing expressly undere+ood, is ~~^ra,by mortgaged as rt spec:ficatly set forrh and deacrfbed in the granting a~d habendum dauses hereof, and such Receiver sh~~i have all the broad ar,d effect~ve funct.an5 and powers in anywise entrusted by a Court to a Receiver, and suth appoimment sha~l be made 6y suth Court as an ad ni!te.~, 2quity and a mattcr of absolure righi to said k10RiGAGEE, and withouf referer.ce to the edequacy or inadequacy of thE value of the properi; mortgaged or to the ser+ency or ~nso~Yency of said MORiGAG02 or the defendants, and ihat such rents, profits, income, issues and rever.:.es ahalf be applied by such Receiver sccord~n3 to the ~ien or eq~ity of sn~c! MORTGAGEE and the practice of such Cour1. 8. To duly, promptly and fully pe~form, discharge, execute, effect, complete,- cemply with and abide by each and eveiy !he stip~~tations, agreements, conditions and covenanrs ~n sa~d promisaory no';: and th;s mcrgage ser forth. 9. 7Fat in the event the ownership of th2 mortgaged prem:ses, or any port !herecf, t,~eccmes vested ~n a person other ihan the MORTGAGOR, the MORTGAGEE, its suctessors and assigns, may, without r.otitc to the 1,10RTGAOR, dea~ with such successor or ,vccessor in interest with reference to this mortgage arc~ the ciebt hereby secured in the samr n,anner as wlth hlcr!g~gor vv~thout in any way vitlating or d:scharging the 1.lortgagors' liabiliry here- unde~ or upon the debt hereby sewred. No sa:e o~ ~?~e prer.,~s~~s hcreby mo~~g:yed ard no forhearance on the part of the 1v10RTGAvEE or its wccessors or assigns and no extension of the time for th~ paymer•,t oi thE debt h^rel~y secured y~ven by the MORTGAvEE or its s~ctessors or assfgns, shall operate ro release, d~scharge, mod~fy change or ~ffect the orig;nal Gaul,~ty of ~he MORTGAGOR her~~n, either in whole or in pa:t. 10. It is spetifical{y agreed that !ime is of the esse~~ce of th;s cent:ac! and that no waiver ef any ob!~gat~on hereunder or of the obligation 3r a,red hereby shali at any time theresfrer ba hz!d to be a wai.er of the terms hereef o+ cf the ~rntr~mem secured herby. 11. In a~d,tio~ to the {ore9ang monsh!y p~ym~ms of p:inc pal and int~rr;t r<Gu red by th:- prom sscr~ nac scc~red h:reb~, mortga~or covenants and ag'ees to pay ic mortgagee with zach monrh!y payi.~ent an acld r.enal su•n est ::'a!eti h~ mortgagee to be cy~al to 1; 12 of the annua! tost of ihe foliew- ing: A-All real property +axes levied or ass~sr~i agai~,st th•= aco:e d^scribed reai es!ate- fi-Premioms o~ fire ~nd ~n-irdsto-m i^s~~rarcc a> i:ere'.r. re~i~:~ed to be ca~r~-.d o~~ !he .,rovemenrs sit~ate on th~ abovr d~scribed premises. C--Pre:niurns en wch mor!gaoc g~aranty ;r.suran:e as n,~~rgagce sna~l frar. t r.:e so t~ ne deem fis tp carry on Ihe loan secured hereby. Mortgagee sha!I frcm time to n^~e nc~iiy mcrtyagcr ~r•, wr~?;nq of the a• o. •:t d,•~ an:~ payai;!e hrrevnd~r ~r.d such su~n sha!1 ti~ereupon be due and payable on tne d~e date of th> ne.t n:on'h:~ e~y~•e,~t a~~d e:sc'~~ su:cessive rrontn ~ie-eafr_r ~rti: ro:tgagee sha!i not:fy mo-tgaaor of a change in such an;aunr. 5uch sums shaii be app:ied by mortgayc~ tov:3•d !i-:e ~.ayrt,eni of teai prcre!i~ tax?s, ir,surano~ prem.urr±s, and mort~3ge quaranty in5urarCe premiums. Ih WITNEC~ V;HEREOf, the said MpkTGAGOR has h,rev ~~o set hi> hand acd scal tFe day an ye first aferesaid. ' ne ~ Sealed and deliv in the resence of: ~ ~ (5eal) -(Seaq - ($eal) ~ W (Seap 7ATE OF FLORIDA COUNTY pF ~Aint L~tci ~ _ ~ 55. Bafore me personally appeared e.T~Ir1P3 J~ ~T`~~~ _ _ and FrAnc~~ Fe ~T'~,~~ his vvile, +o me well known and known to me to be the individuals described in and who exetuted the foreyoirg instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said~ _ _ _ ~'~n~%g°-' • BrR~ly wife of the said _ Jflnll.°S Js ~3rad~__ upon a separate and private examtnat~on by me taken sep<<ate and apart from her said hueba~d: ackn~wledged to nnd before me tha! she executed said instrumeN frealy and volun- tarily ana w~thout any compu~sion, co~straint, a,r.prehens or, or ~j~5r of er from her said husband. i L~! WITNES5 my hand and offic+31 szal th:s__-~°'2E day af _5~~~ _ A. D. 19~ ~ < ,C'/ _ # r. Notary Public in end fcr the State of Florida at Larya My Commission expires: Ret~rn ~o: ~4 ~~p R~`~~~DED FIL . ?vatarv PuGlir,, S~~te of Florida at larkE firat federol Savingt d. Loan.Asso a io : Uf fort P,=_r~_~rY , , My Comm~ss:on Ex:~;res i1.ov. T9Gdi ~0(,K Bondsd by .Amer~c~3,~ s:~rety Co. ot ~v. ' • , Fo.r ?iar<e, Florida ~ _~y ~ •j • " , ' dl~~~l~ L" ~ . ~ '~S JU~! 28 A~ Ip ; OZ ' ~ - , . ~ 3f D:~~}`~ - ' ` : ~i T r~ _ : . RoG~~ Pu~r~as. CLERK • - : ~ . ~ . ~ _ w o ~ ST. LUCIE COUNTY, . . , . ~ ~IORIDA = . ` _ 90~X e~~~ ; ~ { ~ ~