HomeMy WebLinkAbout0032 3. To place and continuously knep on !he bui:dirgs now or hereaNer s~tuate on sa~d land and on a~ eq~ip~r,en1 end perso~ally covered by this mortg-
~f, With •i~ premi~ms ihereon pa:d in l~l!, fite ins~~rnnce in the usual standard poliCy form, in A s~~n approved by the MORiI•.~Gr'E, and winc~ttorm
inwrmce in the usual atandard pol~cy Forrr., in a wm appr~v_d by the MURTGAGEE, in wch wmpany or co~npanles es the MORTGAGEE may
diract; snd all fiie and wlnds?orm insurance po~ic~es on any of said buildmgs, any interest therein or part theroof, in ~he aggregaTe aum aforesaid or
In ~xtess thereof, shall tontain the uwal standard mortgagee cla~sa or such other cinuse a~ ~he Mortgagee may reyu~ro, meMing the lo~s ~nder faid polH
cie~, each and every, payab~e +o said MORTGAGEE as ~ss interesT may appear, and ead~ and every such po![cy sha.~ be promptly au gned and deiivored ro
~ny ha~d by said MORfGAGEE ss further security to sa~d morrgage debt, and, not less than ten (!0) days in advance of the expiretion of each policy, to de-
(ivx to said MORTGAGEE a renewal thereof, togethet with a receipt for the premivm of such renewal; and there shall ba no f~re or windstonn inautance
plated on iny of seid buildings, any interest there~n or parl tha~eof, unless in rhe forrn and with the less payab!r'as aforesald; e~d in tht evenf any wm
of mooey becomei payable under such policy or poGcies said MORiGACEE shall have the opt;on to reccive and app:y the sa~ne on ectount of the indebted-
nexs sec~rad hereby or to permit said MORTGAGORS to reteive dnd usa if or any part thc:rof ior c;i,~ r pu~~: osrs, .:~i~~c~t tha~~ or w~iti~~3 cr ~n,pai~-
inq any equ~ty, lien or right under or by virtue of this inortgage; and in the event ~a;d MORTGAGORS shall for any reason fail to keep the sa~d premises so
iruured, or fail ro deliver promptly any oi said pol~cies of insuranca to sa~d MORTGAGEE, or f~~l prompNy io pay fuliy any premi~~m ther<for or in any
r~sped feil to perfwm, discharge, execute, effed, compieta, comply with and abide by thls covenant, or ariy Fart fieraof, said MORTGAGEE n~ay plate e~~d
pay fw such insuronte or eny part therzof withoul waiving or affecting any option, lien, equ:ry, or right ~nder or by v~rrue of th~s Mortqage, and thc
full amovnl of each arsd every suth payment shall be immediately dve and peyable and shall baar interest fro~n the date thereof ~ntil paid at the rateooi
nine per cem~m per annum and together wirh s~ch inte~ass shaii be secured by the lien of thls morrgage.
4. To permit, commit or suffer no wasie, impairment or deter~oration of said property or any part ihcreof. •
5. To pay all and singu~ar the coats, <harges end expNr.ses, ~nc~uding a reasonab!e artorney's fee anc~ costs of abstract.: of title, incurred or paid at
eny time by eaid MORTGAG.E, because ar in the event of the failure on the psit cf ,he said M10RTGAGOR to du1y, pro~*~pNy and f~ily perform, d~acharqe,
execute, efftct, complete, cvmply with and ab de by each and evcry the stipulat~ons, agreements, corditions, ar.d cover.ants of said promissory note and th:s
mortgage any or either, a~d said costs, charges and expanses, each a~d every, shall be immediateiy due nnd payable; wh~ther or not there 6e notice de
mand, ettempt 1o tollect or suit pending; and the full amount of each end e~ery s~ch payment shall bea~ in!e;ast from the date thereof until oaid at the
rate oF. nine per cent~m per ann~rn; and ail said tosts, cnarges and exver:ses ~nwrred or paid, together ~v~th s~ch ~nteres', ahall be aewred by the lien of th~~
mortgage.
6. That (a) in the event of any breach of thts Mortyage or deEzuli on the part of the MORTGAGOR, or (b) in the event eny of sa;d wms of money
herein referred to ba not promprly and fully paid with~n thlrty (3~l) days next atrer the same se~•era;ty become due and payable, wrtlw~+t demand or ~oti[e,
~ or (cj in the evant eath and every the stipuiations, agreernents, c~nditlons and covenants of sa:d pro n;szo.y note and th!s morrg~gz any or e~ther are not
~uly, promptly and fufly performed, d~schargzd, eaecuted, effecte~, completed, compi~ed with and ab~ded hy, then in e~ther or any such event the said ap~
gregate sum mentioned in said promissory ncte then remaining unpsid, with inte~e>t accrued, and a~l moneys sec~red herebv, stiall become due and pay~
able forthwith, or thereafter, at the opt:on of said MORTGAGEE, as ~~Ily and completely as if aIl of the said sums of money were or~ginelly stipUlated
to be pald on such day, anythino in sa:d p~om;ssory ncte or in fhis Mortgage to the contra~y nonvithsta~xiing; and thereupon or thereafter at the opt~or: of
said MORTGAGEE, without notice or demand, suif at law or in equity, therefore or thereaf~er begun, may be prosecuted as if all moneys secured hereby
had matured pnor ro its inst~tution.
7, Thst in the event tha! at the 5eginn~ng of or at any time pend~ng any wit ~pon this Pdortgaoe, or to foreclose it, or to reform it, or to enforce
paymr:nt Of any claims hereunder, said MORTGi'vGEE sha!1 apply to the CCUrt having j~,;n~d c~ion ;h<reof fer tFe appa~ntmert oi d ReteivCr, such Court shall
forthwith appoim a receiver of Said mortgaged prop-rrty atl and singular, inc'~d ng ali and singu~ar ti:e ir.tome, prof~ts, issues and revenues from whatzver
sourte derived, each ard every oF wh~ch, it be~ng exuress!y vndersrood, is her_L•y mertga~~d as spec;f~ca!iy set forth and described in the granting and
habendum elauses hereof, and such Receiver shall have all the broad and efiect:ve i~nct ons and po.:e~s in anywlss emrusred by a Co~rt to a Receiver, and
such appointment shall be made by such Court as an ad~*iitted equity and a matrar of a~sol~tc r:gnt to sa~d MURTGAGEE, and wirhout reference to thz
adequacy or inadequacy of the value of the properry mortgaged or to the so.ven:y or ~nso~~:ency of said h50RiGAGOR or the defe~:dants, a~d that s~ch
renrs, proiifs, income, issues and revenues shall be appiied by such Recciver a:cord~ny io t1:e l~en or eGv~ty o} sa;d MpRTGAGEE aed the practice of wch
Court.
8. To duly, promptly and fully parform, discharge, execute, effect, romplcte, corn,~;y ~ri~h and ab~de by each and every the stipulations, agreements,
conditions and covenants in said promissory note ard th:s mortgage set forth.
9. Thet in the event the ownershtp of th~ mortgaged prerr;ses, or any part thzrccf, become: ves'ed in a person other than the MCtZTGAGOR, the
MORTGAGEE, its sviceessors and assigns, may, witho~t no?ice to tne h'.ORTGhJ~, dral .vi?h such wccessor or s:.~ccesser in irr~re~+ witn referencz ro this
mortgage and the debt hereby secuced in the same manner as w~+h ;~1.rgagor wl~ho~t in any wey vii:ating o~ d:s:harging the Morgcgors' liability herr
under or u~n the debt hereby setvred. i~,'o sa~e af rf:= Fver. ;s~s h•.rehy rno~tyaged ar.d no forbearo..t= on the pan oi the t.~ORTvAGEE or its successors
or assigns and no extension of the timz for tne pay~~..•nt a rF;c deb! hereby secu:ed given by tn.= Y. OR"G~GEE cr us successon or ass gns, ~l~ai( operate
ro release, d~scharge, modify change or affect the nr{g~nal Il.~u:;:ry of the M,ORfGAGOR he~e,n, either in Khote or in pai~.
1Q. lt is speufica!ty agreed thas time is of the essence of tl:is co^tracr and that ro wa:ver o+ any obi gat~on hereunder cr ef the obligation se-
e~red hereby sha~i ar any time thc~eafter be hetd to be a wa~vcr ef thc te:ms herecf or of the ins~~~~ent ~ecured hc~by. ~
11. In add:tio~ !o the forego'ng rnon'ii!y paym-'n's ot princ pa; and ~nt.rest requ~:~d by ti~=_ i:ro:,~ sscry no'e s::vred herebr, mo*tg3~or cove~ants
and agrees to pay to morigagee with eath monrh'y pa~~,~ent an r~d:i,~~onal sv;n eu'r:a'ed i;~ e,crfyagee to be eqval !n 1 12 04 r'r,.~ anr.ua; cast of the tollow-
ing:
A-All real property taxes lev;ed or assesscr' ~g3i iss the acove descri~;~ d r,al estate.
B-Prcmiums on fire ar.d w~nd;to~m ~nsur., c= ~_re r, req;.red !o b~ ca~r~cd c-~ thi rove•i;e~is s'~ate en th,• anove d~scr~bed prcmises.
C-Premiums on such mOri~~ge g~aranty irs~r~r~~~ a5 n'o'tgagee sna:l iro•r. !•ne to tur._ d_ern fit !o carry on t'r.~ 'oan s:cured hereby.
hlortgagee shai! from nr,e !o t~n,e r.o!ffy n~:err;ager ;n .,,~~t~ng of tV,c a:~o_~t -~~J pr,yab!e here~nc~ar and s~,ct, s.: s~~:~il fhzr~vpon be aue and
'.3Y3tiJI8 on ~ne due da!e of rne r.•_,r rr,onth;~ p;yn•.ant a;-~d e~ch s~.;cces>i•:e •rh rne,2~~f!zr ucti: m~,rtga~ee sha`I not~fy n~,c-t:,ia3or of a charge in su~h
amo~nt. Such su;ns sha;i be apT:!ied by mortgag ~e to::ard the {;ay~nu~~t of r•::~i pro~erry !axes, insurs.:ce pre.~~ ums, s•d mcrigage guaranty insurar,ce
premiums.
N ~JI1NE55 `.VHEREOF, rhe sa;d h102TGAGOR has he-eu-iro set his nar.d and sc•al the da n firsi o. ~s
igned, ~Seele• and e!iv ed in the presenc~ of:
~ (Seai)
($eal) '
' - (Seal)
- - (Seal)
STATE OF FLCe21DA )
t
COI:NTYdF Saint Lt1C~9 i S5.
Beforo me personally appeared --_~e.~~~ D~-I'~~Br~ - and
ViQ~$ L8II~18r~r ___V_ h~s w~~e, to me we!I known ar.d 'know•n to ma to be
the individuals described in and who execured the fo~egoi.^.g instr~ment, and acknowledged before me that they executed the same for the purposes
rherein rxpresaed. And th~ sa~d_-_ - -__.~Y~1~_~ Lenhart
wife of the aaid ~$:L~ D. Lenhartr upon a separate and ptivate
examinatlan by me taken separate and apart from her sa:d hu~band, acknowledged to and be'ore me that she executed said instrument freely ar.d vo!un-
~arily and w~thout mny c~mpu!sion, cons'raint, a;:prehe~ns~~on, or tear of o~ from her said husband. L
W!iNESS my hand and afficai aes! this_._-~__.__ day of__ , A. p. 19 v~
~ -~.+Ij-i
Not ry Pu6'ic in and for the State of F~orida st Large
' h1 Comm~ssion expires: ~ ~ 1
Return To: • ~ ~'j- '
first Federal Savinys 6 loan A~societ;on g`~~ ~pT~ pf ~8~~~•
Of Fort P~e;ce. A~~ P~~e~ 1~ `
Port ?ierce, florida FIL A~ FtECOROED MY~ COhe",~1SSILIN EX R. ~4. '
~ .•,!'ii'`~; ~ I~ _...J~~ ~ ~~Uoo1` - ' ~ J'.`~+'il,n. .
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~ ROGEFc ?~~~~iPaS, CLERK •
~ ~ . '~~r 5T. LUCIE COUNTY.
FLORfOA
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