HomeMy WebLinkAbout2162 3. To place and contin~ously keep u~~ :he bu1 d;n~s now or hereafter ~Itvate en sa~d land ~nd on ~II equiprre~nt ~nd p~non~lly tovered by thi~ rnwtq-
~ga, with •I! premiums therton pa:d ~r fuU, lice iesv~,~::e in ttie ~suaf titandard pollcy form, in a tum ~pprovsd by tlu MORTGAGEE, snd windsrorm
in~~rance in the usual itandard po~;ry fo~m, in a ai~;:, ap;: o~,-d ihe MORTGAGEE, in ~uch company or tomp~~iq as th~ MORTGAGEE may
direct; and all firo and w~ndstorm insuranc~ po!;c~~•s cr. a~~y ot said build~ng:, any interoat therein or pan thereof, in the +pgrcflst• ~~m afa~aid w
' In aicea thereof, shall cuMain the uwsl ~tandard mo:ey~~c~~ c~a:,se or wc!+ other clause es the Mortgagee mAy ~~quir~, mskirp the loss undar said polF
cies, esch ~nd every, payable to sald A1pRTGAGEE as Iis ~nrr;~at may appear, and each and every such polity thall b~ promptiy asa:qned snd dalivered to
~ny held by said MORTGAGEE as furiher aecur~ty ~o sa~u :r.at; ~~e d~bt. and, no: !eas than ien (10) days in edvance of Phe expirotio~ of each policy, ro d~-
IiJ~r~ to eaid MORTGAGEE e renewal thereof, togerher wiin a r~~ce~pt for thc promium of wch renewal; and there ~hell br no fire or windstorm IrfiVtiY1CQ
pleced on any of ~aid buildings, any interest therein or part t'nCr00t,- ~nles3 ~n the form arx) wiih the ~os~ paya6la aa eforosaid; and in th~ •vent any sum
of money becomes payable unde: such policy or po~;c~es sai~l MOP.TGAvc'c aF~oil have the option ro receive and apply the same on account of tha ir~dabted-
nees secur~sd heroby or to permit said MORTGAGORS to recz~vu er.d use it or any part fhereof for other purposea, without th~reb~ waivi~ig or ,mpair-
- ing any eq~ity, lien or right under ar by v~rt~e of th~s mor'~a~e; d•~.i in ~hr event ~a:d MCJRTGAGORS thal) for any reason fei) to keep fhe s~id pre~nisef ~o
' insured, or fail to deliver promptly any oi said pc~~~ti?s ci insv~once to sa~d MORTGAGEE, or fail promptly to pay futly any premium iherefpr or in sny
respcd fail to periorm, d~scharge, exec~te, effect, co~:+p!e+e, con:ply tivith and ablde by this covenant, or any part her~of, seid MO~ZTGAGEE may pl~ce antl
pey for such inwronce or any part tbereof witho~t waiving or affec!ing a~y option, lien, equity, or r~ght und~r nr by virtue of this Monqaye, snd the
f~ll amount of rach and every such payment shall be immediatePy due ar,d r~yablo and sha11 bear interest from t1w dste thercof until paid N the rat~ of
nine per centum per annvm and together wi!h su:n im•r.esr slzaii t~ sacured by ihe lien of fhis mortgsge.
4. To permit, commit or xuffer no wa~te, impa~rre~r,t or dc~teriorat~on of said property or any psrt thereof.
S. To pay all and singular the msts, charges and expe~~ses, incfudi~ig a reasoneble attorney's fee end costi af abftradi of titla, i~curr~d or peid •t
eny time by sald MORTGAGEE, because or ~n the even! o` ;he f~~iure on thr part of the aaid MORTGAGOR to duly, promptly •nd fully perform, d~~cherqa,
exec~te, eflect, complete, compfy w~th and ab:de by each ar.d e.•ery the atip~~lations, agreemrnts, conditi~ris, and covenenr~ of said promiisory note and thi~
mortgegc any or e~ther, and ~a~d t~sr, charges and expet~s^~: each a~d every, shall be immed~ately due end payable; whcther ot not there be notica d~
mand, attempt ro collect or wit per.d~ng; and the :~cl amount oi each an.± every such payment shall bear intereit from the date thsreof until paid at tha
r~te o! rine per cenrum per annum; and all sa~d ccsrs, ci,a,ges zn~ exuenses ~~curred or paid, together with suth iMare~t, shall be s~eured by th~ IiRn of thi~
mortgage.
6. That (a) in the event of any E~reach uf ;h~s ~1~.orrgage er a?iavh on the part of the M~RTGAGOR, or (b) in tM tvent sny of tsid wms of mon~y
herein referred to be not promptiy and Fu!ly pa;d wl~h~n ih,rty (3u' dars next ainsr the same severaily betome dus and payable, without d~mond or nnties,
or (c) in tha evrnt each and every the st~pu!a7ion5, agreemc~~ts, cond~fions an~ covenants of ia,d promisaory note e~d th~s mortfl~ye ~ny w~ither er• nof
~uly, promptly and fully perforrned, d!scnarged, exec~red, ef{eued, compieted, complied with and •bided by, tF»n in either or any such ewni ih~ •aid ~fl-
gregate sum n~entioned in said prom~ssory note rh~~n rer~afning ~npaid, wirh interest accrued, and all moneys secure<!. hareby, fholl become dw and p~y-
ehle forthwith, or rhereafter, at the cp!~on of s~~d ht,~R?GAGEE, as fuEiy ~nd comptetely as if all of the said sumt of money were oriqinally stipulated
to be pa d on svch day, anything in 53.C) F~C:.^.,SSO~y ne2e er ir fh,s Mortgage to the contrary nofwirhstand~nq; and fhereupnn or thareafter at the aptian of
sa;d MORTGAGEE, wrthout notice or der:is;,d, s~~t at taw or in eq~ity, therefore or thereafter begun, may be prosecWtd u if all money~ Neurtd h~reby
had marured pnor to Ite institut;on.
7. That in the erent that at fhe beginning of or at any t~~+e pending any suif upon this Mortyage, or to for+tlo~~ ii, or to ~~form it, or ro tnfoit~
paymem of any daims hereunder, said MUR`v~GEE sha;~ aF:ply ?he Ceurt havir.g junsd+ct~on thereot far th~ appoin4ment of a R~ceiwr, ~uch Court •hall
Furthwith appoint a rec^iver of sai~ mortgaged prcperty al' and s~nge;iar, inclvd~ny a~l and singular ths intoma, piofitt, isfuN ~~d rw~nuef from What~vsr
source derived, each and every of whlch, be~~~g exp-ess'y unBr;rsrood, i3 hereby morrgaged as if spec~fiully set forth and deseribed In thi qrantinp ~nd
habendum cfauses hereof, and such Receiver shaii ha~c ;il ih.~ hr~ad ar.d effecrive funct~ons and powers in anywise enttwt~d by ~ Gourt tp a Rettivtr, and
such appoir.tment shall be made by wch Ca~rt as a:: ad n~;±r~d equiiy and a matter of ebsulure right to faid MORTGAGEE, •nd without refer~np to th~
acieq~~aty or inadequacy of tha va'ue of the properry r,~or!g,ged or tu the so:vency or insoivency of ar~d MORTGAGOR or the defsndants, and thst fueh
rents, profits, income, +ssues and rever.ues sh3il ba appl~ed by such Receiver accord~ng to the lien o: equity of t~id MORTGAGEE and the pratliq Of ~uch
Court.
8. To duly, prompt;y end iu!ty p~rform, discharge, exec~re, e#fect, comp!ete, compiy w~ih and abide by sach end every the ~iipulstione, •pr~tm~nt~,
conditions and covenams ~n sa:d promissery nore a:;d ih's mo~rgage set forth.
9. That in the event the owrershlp of tha mortgagzd premises, or any part thereo4, becomes vest~d in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and ass~gns, rnay, w;fho~t rorce to the ,ti40RTGAOR, deal with such ~utceswr or Weeasor in intarett with r~f~r~nte to ihi•
mortgage and the deut hereby secured in the sa.~,c m~r~r•er a5 w~,h 111;rrgago~ w;tho~t in any way vitiati~g or distharqing the Mortqaflon' lisbility h~;t
onder or upon the deb~ hereby sec~~re~:. No ssi.: ot tl:e re:n~s=s he:eby morrgaged er.d no forbearenee on the pert of th~ MORTGAGEE Or it~ suetestor~
o~ aasigns and no exrens~on of the time for ~he paymen~ oi t~:e ci:-bi he.cby secured given by the M~RTGAGEE or ita successon or auiflnt, ahall operat~
1o releaae, d~~charge, modify change ar affecr the erig~nai I:~b,:;ir of the N~ORTGAGOR herein, eitner in whale or in psrt.
10. It is specifi~ally agreed that time is ef the esse:~re ~f this :ontrac~ and that no waiver of sny obliyation her*under or of th~ obliyation N-
tured Fereby sha•.i at any time thcreafter be hcfd to be a v:aiver ~f Tne terms hereof or of the instrument secured Fe~by.
11. In adc:tio? to the forego:ng mcntf~!y .aymen!s o' p~ir; pai and in~erest required by fhe promissory note secured fiereby, mOrt9agOr eov~nanti
an.l agrees ~o pay to mor!gagee wirh each ~nanrh y p~~: ;ent en add~~:o~ral s~m est~ma!ed by mortgagee ro be eqwl ro 1`12 of the annual tott of ihe follow-
~ny:
A-All feal preperfy taxes ie~i=.^ cr assess::i ag~i• s~ ri,~ ,bo~e dezcri6cd rea! es!ate.
B-Premiums on fire snd •:.indstxm :nsu~a-ce a~ ..~.e:n r;q~:rc~ to be carr,ed on the improvement~ situate on ihe abOVe described premia~t.
C-Premiums on wch mcrtg,qe guaranty ins.:-a~ .e as ;nc.rrna,ec shall frar. t'me to time deem fit to carry on the loen ~et~rad h~reby.
Mortgagee sha!I from r~me to f~-*,e r.o~lt; , :;~c- ;n r.~lrnq of the a~nou~~rt due ar.d payabie hereunder md suth •urt thall thereupon b+ dut and
psyable on the d~e dsre oi the r.c<t n,oorn:; ps'i',=:~' ar:d e;ch suc_ess~.e ;r•on~h fhereafter until mortgagee shall notify mo~fgagor of a thang~ in wch
a^~ou~s?. Such sums shaif be appi~•:d by mer;ga;:~ ~c::a-d ~E:e t~.~yn ~nt of reai or~parfy taxes, i nce prem~ums, end mart sge qusr~nty insurance
p: emi~ms.
IN \YITNESS SVH.REdF, the sa~d MORiG~G~R ha; h:~e :-+o se~ h~s h~r•d and seal the ey nd y~ r first aforetaid.
~y n~ , aled en deli 'n the presence cf: ~.r.~
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STATE QF FIORIDA
COUN7Y OF .S t. 1i11C i~------ ~
~efore me personally appeared _~____i MA~ Vi Il {Rlb~ ICOW31{~ end
--~~A1~Z~~Q~LQLiflk~'L- his wife, to me well known and known to me to b~
the individuais described in and who exewted th: foregcir,o instr~mmnt, and atknowtedged before me that they executed the ~ame #or the purposes
rherein expressed. And the said-___________ j~~a~g Wel k~y,T9ky
wife of the said ~nJ~~
ZC~SStRi~~ , upon a sep~rate and privets
examtnation by me taken separate ar.d apart fro:,i he~ said husband, acknowledged to ar~d before mt that she executed said instrumem freely and volun-
t~rily and w~thout any compufsion, cons~raint, a,r.prehens:on, er fea~ of or from h~r said husband.
WITNeSS my hand and offiual seai th;s_____~~ day of A. D. 19s~
{ ~ ~
i
Notary P in and for !ha State of Ftorida at Lsrp~ ~
My Gom ~trion expirt~:
Retum To:
Flrst Federa: Sa~i~~ & loan Assaciar.on ~votary pu~~~c, State of ~ioridr at Larg~
~,..~y~.~r;_~:~,~~. FI Q EC RD~O ~"y co~,m~;~% ~X~;::es A,uR. s, i~s~
Band~d By Arneri~$~ Sur~r.y Co. ot n. Y.
~ocLPier:e.'-Floijd~ ~ra__ BnOK ~
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ROGER POI~1"~AS. CLERK _ , • _ `
5T. LUCIE COU~iTY. _ -
FLORIDA - ' ~ • ~
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