HomeMy WebLinkAbout2657 3. To plece end continuou~ly keep o~ the buiid~ngs now or hareaha: •,tuate on said lend and on ati eq~ipmenf end p~rson~lly cove~ed by th~~ morrg-
pe, w~th •II premiums thereon oaid +n fuN, fire in~wence ~n the ~sual ctandard pol~cy form, in a sum approv~d by thn MORIGAGEE, and wir.datorm
ins~~ence in the wual standard policy fonn, in e sum approved by tno MORTGAGEE, in wch company or companies ss the MORTGAGEE may
dirett; s~d all fire and wiodst~rm inaure~te pol~cies on any of seid Fwild~nys, eny intereat therpin o~ part fhtreof, in iha aggregate tum afo•etaid or
In exteft thereaf, shall cantain lhe usual standard mortgagea cla~ae or ~uch other cl~wa as the Mortflagee may req„iro, meking th@ IJSi vndar ~a~d polr
:ies, eac!~ snd nvery, payeble to iiid MORTGAGEE es lrs interest may ~ppea~, end each and eve~y such poi~cy shali be prompNy ass.gned and deliverrd ~o
•ny held b; said MORTGAGEE as further sewrity to sa+d mort9age debt, and, not Icss than ten (10) days in advance of th~ gxpiratiOn of each policy, to de-
liver fo ~aid MORTGAGEE a renewal thereof, toqcther with a rece~pt tor the premium of svch rcncwal; and tf~ere shall be no f~ra or w~ndsto~m insurancu
pleced on eny of s~id buildings, eny interest thercin or pert thereof, unless ~n the fo~m and w;th the losa payable as aforesaid; and in the evant eny sum
of money becornes payable under such policy or pol~cies tsid h10RTGAGEE ~hell havs rhe option to receiva and spply rhz s~me on accoum of the indebtrd-
ness secured har~by or to permit ued MORTGAGORS ro recaive and use.+t Or.anY part thereof fcr ori,er purposrs, w~rho~~r ~h:r~:>; w.;;vin~ or ~•„pair-
ing any equity, lien or rigM unde~ o~ by virtve of this mo:~gage; snd in the •vent sa~d MORTGAGORS shall fur any reason fail to keep the se~d premises so
i~sured, or tnil to deliver promptly any of said poli~ies of insuren.a to seid MORTGAGEE, ar fail promptly to pay fuily any premi~~m therefor or in any
resped fai! Io perform, riiacharge, txewte, effec~, comp~ete, comply wi~h a»d abide by ehl~ covenant, or any part hareof, said MCRTGAGEE mey piace and
pay for tuch infurance or any part thereof without waiving or affectiny any option, lien, tqu~ry, or rigM under o~ by virwe of this Mortgaye, ersd the
tull emount of each and cvery suth payment shall be immediately due and payabte snd shalf baer interest f:om the datc thereof umil paid et the rate oi
n~ne par centum per annum and togather with wch interest shall 6e :ecured by !he Gen oi th~s mortgage.
4. To permit, commit or suffer no waite, impnirmerst ar deterioratian of said property or any parf thereof.
To pay all and singular tFx costs, charges snd ezper.ses, inciuding a reesonable attor~ey's fer and cost• of ab~tracts of title, incurred or paid et
eny time by sald MORTGAGEE, becavse or in the trvem of the failurE on the part of the said h1iJRTGAGOR to duly, p~ompNy and fully perferm, d~scharge,
vxecute, etfect, tomplet~, ~p;np!y wrth and ab~de by eeth and every the stipu~anons, agreeme~~ts: cond~tions, and covznants of sa~d prom;ssory note and this
mortgage any or eirher, and se~d costs, charge~ and expenses, each end every, shall be immed~arely d~e and paya~te; whether or not rhe~e be r~o~~ce da
man~, atternpt to collect or a~it pand~ng; nnd the fuH amounl of each and e~ery s~ch payment sl~ail bear interest from the date thereof un!il paid a1 the
rate of nlne per cent~m per an~~um; and a!i eaid cosrx, charges and ezpenees incurred or paid, toye~har w,th sueh interest, shall be secu~ed by the lien of thii
mortgage.
6. That ;a) in the evenf of any breach of ihi~ Mort~a9e or default on ihe pbrt of the MORTGAGOR, or (b) in rhe event any of satd sums of money
hercin referred to be not promptly and fully paid within thirty (30) days next after the same severa~fy become due and payable, without demand or not~ce,
or ~c) in the evero each and every the stipulatio~s, agreements, conditions and covenanta of sa:d promiss~ry note and th~f mortgage any or either are not
~uly, promptly and fully performed, dlscharged, ezec~ted, effected, comoleted, complied with and ab~ded by, then in eitner or any such avent ths aeid ag•
gregate sum menr;oned in said promissory r,ote tne~ remaining unpaid, with inierest accr~ed, and alI moneys secured 'nereby, shalt become due end pay
ebla forthwith, cr thereafrer, at the oprion of seid MORTGAGEE, as fully end completely as if all of the said sums of money were originally ~t~p~lated
to be pa:d on wch day, anyth~ng in sa:d promissory ~ote or in tF.is MortgaGe to t#~e comrary not~~vithstanding; and there~pon or thereaftar at the opt~on o4
seid MORTGAGEE, without notlce or demand, suit at law or in equiry, therefore or therea(rer begun, may br prosecuted es it sU moneys secured hereby
had macured pr~or to irs instit~tion.
7. Tfiat in the event that at the bcginning of or at any time pending any suit upon rhis hlortgage, or to foredcse N, or !o reform it, or to enforce
payment of any claims hereunder, said MOit1GAGEE shalf appty to the to~r1 havin~ ~~r~sd~cr~on thereof far the appo~ntmem of a Receive~, s~ch Court shail
farthrvirh aApoiM a r~~ziver of said mortgaged property all and singuler, includ~ng ail and singula: rhe ir.come, profAS, isaues and revenue~ frem whatever
seurce derived, each and every of which, it be~ng expressly unders+ood, is hereby mortgaced as if speuficaHy set forth and descnbed in the grar~ting snd
habendum c?auses hereof, and such Receiver ~hal! have a!! the broad end effective funa,onn ar~d powers in anywise entruated 6y t Co~rt to a Recriver, and
such appointment shal! be made by wch Court ai an admitted equity and a matrer of absolute right to said MORiGAGEE, and without ref¢rence to the
edequacy o~ inadequacy of the va(ue of ;he p~operty mortgaged or to the sorvency or insolver,cy of said MORrGAGOR or the delendants, and tnat wch
renis, profits, income, issues and rever,ues shall be applied 6y such Receiver accord;ng ro the lien or equity of asid MORTGAGEE and the practice af such
Court.
8. To du!y, prompt.y and fuUy per'orm, di:charge, execute, eff¢ca, complete, compty w~~h and abide by each and every the atipulation~, agreements,
cond;tions and covenants ~n said promissory not~ and this mort~ege sef forth.
4. That in rhe event ihe ownership of the mo~tgaged premises, or any part thereof, Eecomei vested in a perton other than the MOR i GAGOR, the
MORTGAGEE. its successo:s end ass~gns, may, wirhow norice to the MqRTGAOR, deal with SUCh suctrssor o+ successor in in!erest with reference ro this
mo~tgage and the debf hereby secured in the same manner aa with Mortgagor witFout in eny way vit~ating or discharging tFe Mor'ga9ors' liability herr
~r.der or upon the debt hereby sec~red. No aale of the premises hereby mortgaged end no io~bearan~e on the part of the MORTGAGEE or ita e~cressors
er ass~g~s and no exrensfon cf the time for rhe paymrnt of the deb~ hereby secured given by the MpRTGAGEf or it3 wccessors or ass;gnx, ahall operate
to re!ease, d~scharge, modify change ar affect the original liab~lity of the MORiGAGOR here~n, either in whole or in parr.
10. It is scec:fically agreed that time is of ?he essence of this contract and tFat no weiver of any obllgat~on here~nder or of the obligaticn se-
cured hereby shali a*. any time rhereafrer be he'd to be a waiver o( the termi hereof or of fhe +nstrument secured herby.
11. In addlio~ to fhe forego ng month!y payments o1 pri ,c'pa! and ime~est req~~red by the prcm?ssory nore sacured 'nereb~, mortgagor cevenants
and agrce; ro pa~ to mortgagee ~ni!h each monthiy pay~•ent an add~rional wm est~m,ated b~ mo tgayee to be equal to 1 12 of ti~e annua! cost of !he fo(low-
ing: ,
A--AII real property taxes (evied ~r assassed agai~~st the above described reel estete.
S--P~am~v•rs on fire and wirdstorm insu~3cce as F.ere~n req~:~ed to be carned cn the [m;;roveme~+ts srt~ate on the above described premises.
C-Frerniums on wch mo:ty-;ge guaranty ir.sursr,ce as r~erfgagoe shal{ frerr r"me to r-re de~m iit fo [arry on tne luan secured hereby.
ld~ortg;gee sha!I f~om time ro timp notify mcrrc;agor in writing of the amount dve ar,d payab!e hereur.dzr and such surn sha(1 15ereupon be due and
Fayab'e an rha d~~ da+e of th= ~iext montniy payment ar.~ each suctessive rc:onth thereaft_r ~nti( mortgagee sha!1 notify mortgagor of a change in such
an,o~nt. S~ch sur.~~s sFall ue app!ied by mcrtgag~ae towartl ;he payment of rea! properry taxes, insuran<_e prem~ums, and mortga5e guaraniy irsurance
premiums.
I YdITNESS 'NHE ~OF, the said MORTGAGOR has hereunto set h~s hard ar.d seal the day and yeer ~ aforesaid.
n, aled d eliver d in the Presence of: ~
- - (Seal)
(Se e f y
` - (Seal)
~ I)
STAiE OF fL~RIDA ,
S5.
COUNTY OF _ S~. LLG i~ ~
Bef~re me personally apncared _ Ib ~ e7 -TIB@I2 and
___F V& V_ aTBIl ;~$,Il hh wife, to me well known and known to me to be
the individ~a!s descr~bed in and who executed the foregoing instrument, and acknowledged 'oefore me that they executed the same for the purposes
therein expresszd. Ancf the said _ Va V* . J sn s en
~vife of the said _ Ib y. Jensen upon a sPpa~ate and privare
examir,at~on by me taken sepa~ate and apart fram her said husband, acknowledged to and beforc me that ahe execu!ed said instrument freety and vo~un-
ran!y and wltho~t any compulsion, consrrair?, ~ppreh?nsionI, or feer of or from her said husband.
WiTNESS my fiand and offitial seal this~~~ Zt~__ day o , . ~.a; 4.~iAy~~_
~~d~ ` `
~ ~ • . . . . , ,
~".~.~c..-+.-~.~;,, . ~ . _
Notary Fublfc in and for the Siata o~{~1de at luQSr' f
M/ Comm~ssio~ expiref: ~ ' r. _ f. ~
Return To: ,4, 1: .
First Federal 5avings 3 ~oan Assoriat;on ~j, 4 : ~ : ` ,
Of Fort P:erp,. ~ i.i ~ r~ ' r~' .
~o-r P~eice, Florlde ~ E ~ NA'PARy PUBLlC. ST~TE of FLCfRt ~tn ~ ~ ' < ;
3 O O K ~Y Gn!yMiSSION p{P1RfS APR, p~~~~~
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. ~ ~ '65 ~I~t { ~ PM 3~' ~ ~ ~ '"'r~~ . ~ ~
_ - ' . -l~ ROGtf: r~ ~i'~i~; ~~RK
. . . . ST. LIJCIE COUNTY,
" ~ ~ ~ FIORlDA
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