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HomeMy WebLinkAbout2600 3. To ptace and conrin~o~sly keep ai the buiid~»qs now 01 MfNNff siruatr on ~aid I~nd ~nd on equipmcnt and penonaily covered by thi~ mortq• p~, with all premium~ the~wn pa7d in fu~l, fire insur~nc~ in the usuet star+dard po~ky form, in ~ sum approved by th~ MORTGAGEE, •nd wi~atorm ir+swaoct in tM ~swl ~tandacd pol~cy fam, in a wm epprovtd by the M4RTGAGEE, fe wch company w tompar~ies u the MORiGAGEE may dir~ctj and ~11 fire and windstorm inwranc~ polizie~ on +~Y of s+id b+++~dinpa, ~ny int~r~st tMrein or part thorwf, in th~ s~q~ep+~a sum ~for~said w In ~xqq tMr~of, tMll contain ttx wwl ~tand~rd morfgepaa tlws~ w ~uCh otMr CIauN n th~ Mwtga9~e may r~quire, makin{~ tM los• undar said polf ci~a, each ard ewry, p~yabl~ ro said MORTGAGEE ~s its intereit may ~ppear, and each and e~ery such po~icy •hsll b~ promptly ~a:qned and deiirered ro any Fwld by said MORTGAGEE a~ furthar ucurity to f~aid mortpaye dabt, and, not I~a~ thsn ten (10) deya in advance of tha Mxp~~~tiOrl OT each policy, to d~- ?iver to uid MORTGAGEE e ranewa~ ihereof, toflethK with a receipt for the premium of tuch renewal; and thtro thall be rro fire or windsrorm insuronu plsc~d an any of ~id twildinqs, any intereat ther~in ar part thareof, unless in tha form snd wiifi 1h~ loaa pay+ble a~ afor~said; end in the ewnt any sum of monsy b«anes p~y+bl~ under ~uch policy or policiet aid MORTGAGEE shall have tM optio~ to receive and apply the ~ame on ac<ount of the +ndabted- nru s~cu~ed her~by or w permit said MORTGAGGRS ro reteiw snd u~s it a any part thereof ior othcr pu~posef, wf~ho~t tharrb~ wai~ing or ~~npair inq any equity, lien or riqht ur+der or by virtue ofi thi~ mort9sye; ~nd in th~ event uid MORTGAGORS shall for eny rcason fail to keep the said premisrs so in~ured, a fai) fa deliver promplly sny of said policies of insurente to tsid MORTGAGEE, o? fail promptly to p+y fully any pre~nium therefor or in any respect fail to perfosm, discharge, execute, affect, complete, comply with and •bide by thi~ covenant, w eny part hereof, aaid MORTGAGEE msy plece end pay for such insuranca or any part thereof without waivinq or •`f~ctinp any option, lien, eq~ity, ot right undar or by virtw of this Morty•7e, and the full amount of each and av~ry such payment shall be immediately dw ahd psyable •nd ~hall bear intereat fran ths date thereof unlil paid st the rote oi ni~e per centum per ennum and to~ether with tuch interest ahalf be secured by tht lien of thi~ mortgsqe. 1. To permit, coenmit or suffer no waste, impairment or dateriorot~on of said property or any part ihereof. 5. Ta pay •11 ard singulaa the casts, ch~ryes and expenus, intludinq a reasonable attorney'a fee and cott~ of abstrectt of title, incurred or paid at any time by w~d 1410RTGAGEE, bets~se or in the avent of the iailura on tha part of the said MORTGAGOR to duly, pranptly and fully perform, d~acherge. sxecute, effett, completa, tomply with and abide by each end every the stipulatio~s, s,~reements, conditio~s, and covenant~ of seid promissory nate and th~~ mortgage sny or cither, and sa~d costs, charqes end expenses, each and every, thall be immed~ately d~e and payable; whether or not there be r,o!ice dr mand, ~ttempt to collect or •uit pend:nq; sntl the f~ll amovm of each and every tuch paymem shall bear interest from the date thereof until peid at the ~ate of nine per centum per an~~um; nnd al~ ~aid costs, charqei snd expcnses inturred w paid, together with such interest, tfia~l be setured by the lien of th~s mortqaye. 6. That (e) in the event of any breach of this Mnrtgaye or defautt on the pert of the MORTGAGOR, or (b) in the event sny of said ~um~ of money herein referred to be not promptfy and fully paid within thirty (30) days next after the ~ame severally become due and payable, without demertd or notice, or ~t) in the event eech and every the atipulations, agrcemems, tonditions and covenant~ of sald promissory note and th~s martgaqe any or either •rc not ~uly, promptly and fully performed, d~scharged, executed, effected, cnmpleted, compliad wlth and ablded by, then in either w any •uch event the aaid ay g;egate sum mentionesd in said promissory note then remaining unpaid, ewith interest accrued, and all moneys setured hereby, shall betorree due a.:~ pay- able forthwith, or thereafter, at the option of :aid MORTGAGEE, as fully and tompleteiy aa if all of the ~aid auma of money were originally stipuleted fo be pa~d on such day, anytfiing in sa:d promissory note or i~ this Mortgagr to the contrery notwithstar.ding; and thereupon or thereafter at the option of ~eid MORTGAGEE, without notica or demand, auit et law or in equity, thertfore or thareafter begun, mey be prosecuted ay if all moneys secured hereby had metured pnor to its institution. 7. That in tiro event that st thc beginning ~f or at any time pending any suis ~pon this Mortgage, or to foreclose it, or to reform i!, ar to enfiorte payment of any claims hereunder, aaid MORTGAGEE shall appfy to the Court having jurisdiction thereof for the appointment ef a Receiver, such Court shail fo~thwirh appoiM a receiver o( said mor!gagad proparty afl and singu~ar, includ~ng a{I and singular tha incoma, profits, issues and revenues from whatever source derived, each and every of whlch, it being er.pressty ~nderstood, is hereby mortgaged as if specifically set forth ar.d described in the g~anting and habendum cla~ses hereof, and such Rer_eiver shall have all the broad and effective funchons and powers in anywise entrusted by a Court to a Receiver, enci f~ch appointment shell be made by s~ch Court a3 an admitted equity and a matter of absolute rigfit to said MORTGAGEE, and witheut reference to the ad?quacy ~r inadequacy of the value af the property mortgaqed or to the fowency or insotvency of aaid M(JRiGAGOR or the defendants, and that such rents, pro{its, incoma, issues and revenues shall be applied by such Reteiver according to the lien or eq~ity of •aid MORfGAGEE end the proctice of such Court. 8. To duly, promptly and fu!ly pe~form, discharge, exeture, effect, complete, tomply with and abidx bv eacF and every the atipulation:, agreements, conditions and cnvenanta in said ~romissory note and thit mortgage ~et forth. 9. That in the event tfie ownership of the mortgnged premises, or any part ihereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successo:s and assiyns, may, without notice to the MORTGAOR, dea~ with such succesao~ or successor in i:+terest with referente to fhis mortgage and the debt treraby sec~red in the same manner as with Mortgagor without in e~v way vitiating or discharging the Mortgagors' liability hers- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeerance on the part of rhe M1/~ORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by ihe MORTGAG'cE or its wccessors or assir~ns, s~iall operate ~o release, d~scharge, modify change or affed the original liabitity of the MORTGAGOR hero~n, either in whole or in part. 10. It is spec;fical{y agreed fhat time is of the essence of this contract and that no waiver af any obligaf~on hereunder or of the obligetion sr cured hereby sha11 at any time thereafter be held to be a waiver of the terms hereof or of the ir.strument setured herby. 11. In add:rioa to the torego'n9 monthly payments of princ'pal and interest required hy the ~romissory note secured hereby, mortgagor cGVa~ants and agrres to pay to mortgagee with cach monthiy payrnent an add~rional sum estimated by mortgagea to be equal vo 1 j 12 of tiie annual cflst of the follow- ing: A-All real property taxes levied or assessed against thc above described real estate. 8-Framiums on fl.e and r+indstorm insurar.ce as herein reGu~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee ahell from time to timc deem fit ta tarry on ihe loan secured hereby. Mortgagee sha!I from t~me to iime notify mc,rtgagor in writing of the amount due and payabte hereunder and such sum shall thereupon be due and payable on the due date of the next montFly paymem and each succeseive mc~th thereafter until mortgagee shall ~otify mortgagor af a thange in svch a~r~eunt. 5uch sums shail be applied by morigagee roward the payment of real property taxes, insurance prem;ums, ai~d morigage guaranty insurance orem:ums. IN WITNE55 ;NHEREOF, the said MORTGAGOR has hereunto set hio hand and seal the day and yegr firat aforesaid. Signed, 5e ed and ivere in the presence of: `l 1 ~ 11 l~ ( al) 4Sea1) . 5eeq STATE OFfIORIDA ~ couNrr oF St. Luc { e ~ p~ Y.o ~~~~i., a xi do~r, Rnd Anne C 1.~3.~e P o t t orf f Beforeme rsonall a ared .M93"ier~A M n~AVa~ts~ and Artht~r.~C._~~}~APf~~ f~, ~ t'lAY~ b°"° gT1[~ _ ~ii~rife; to me well k~own and knawn fo me to be the inaividuala described in end who exe<uted the foreyoiny inatrums ,nd etknowledged 'oefore me that they executed the same for tha purpose~ ~here~n exprossed. And the said A21Tle C~ rA P ~t ~Q~~,~ wife af tha sa~d Arthur ~.~ottori'4', ~1^_TJ upon a separete and privete exam~nat~on by me taken ~eparate and apart from her said h~sband, acknowledged to snd before mo that she executed said instrumant free~y and volun- tarily ard withoui any compulsion, ~onstraint, ep~rehansio~ or fear af or from her taid huslsend. WITNESS my h~nd end atfic~al aaal thit day of ~ A. D. i9~~ ~ - ~ - NWary ic in end for the State of Fiorida et Lsrge s My Co isaion expiref: ~ R~t~ 7 ~:~?:~~te?a~:~~~t,~n a:.~~;.~p AND RECOROED Notary Publ;~, 5tate of Florida at L'arge ' BO oK ~e1Y Cumm ss an Exp,r?s Aug. 6, 1967 of For~~9~,-c,df.r~ { ti} Bonded By Am~rican Suroty, C4 4 J'l+ : Yt ~ ~ ~ ~~tiF4ti p~k~ F~e:~a ~ 'k~. ' ~i~, a. ` ~ ~t-4'~ ~;~°';-''~?`I~„~ r,~~_: l- ' . - .r ~w.~. : ' 9 1 Il ~ 1'~. ` `y,'~r . : ~n ~ . ~ ~ ` ~~5 ~lUl 3 : 5 ; ~ ~ ~ - ~ ~ F3 L~a - , ~v~ 1.~ r ~.l ~ - r; _ ,,`~i,~~'/~.~..~..a\ t~.``~~ ~ ~oC7ER 1 'r~'s~s. CLERK ~ - f y _,~.r~i - TY, ~ ' ~ . ST. LUCIE COUN ; . FLORIDA :1 %~,..~.s.f;-..~tiv , ~ ;~C . . "i.f 0?' ; ~ ~ ~ '+',t:r~:,~: ~ ' 6QC'4( ~:f.~ ` ~ f J~. - - - - :.~i~+2~/ . _ _ _ . -