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HomeMy WebLinkAbout0127 , 3. To plact ~nd continuously keTp on the buiidingi now or hereafrer •ituete on sa~d land and on all equipment end penonelly covrred 'oy thi~ morty- q~, with a!1 prdmiums tMrw~ paid in futl, fire insurante in the u:ua~ standard policy form, in a 3um a~proved by t!~a MORTGAGEE, and windstwm ieqw~nc~ in tM usual ~tandard policy form, in a sum approved by the MORTGAGEE, in iuch tompany nr companies aa ~ha MdRTGAGEE may dirrcts and +II fir~ ~nd windaiorm inwr~~ca polic;es on any of said build;nys, any tnroreat ?harein or part thereof, in the a99~eqara sum afor~said a ln ~xda fMxeof, iMi) contain thf usual atandard mo~tgs9ae clause or auch othe~ tisu~e as the Mortyagee may requ~rs, making the lou under ~a~d pol~- ti~s, ~ach end ~vtry, payebi• ro seid MORTGAGEE as it~ intereai may appaar, and ea<h and wery su<h policy shall br promptly as~ yned s~d delivered ro any Mld by a~id MORTGAGEE ~s further security ta u~d mc+rtgage debt, and, not less than ten (i03 days ~n advance of the expira~~o~ ot esch policy, to dr 1lwr to aid MORTGAGEE • rln~wal thsreof, toqether with s rattipt far the premium of suth renewal, and there ihall be no fire ar windstorm insurance plaC~d on any of s~id buitdings, ~ny interest ther~in or pert fhereof, unleas in the form and with the ~oaa payable as aforesaid; and in thr evant any sum of nwn~y be+tamM pay~blt u~de~ wch policy w policies uid MORTGAGEE sh~11 have the option ro receive and app~y the same on acco~nt of the indebted- ~ n~s~ s~cur~d hsreby a fo ptrmit s~id MORTGAGORS ro receive and use it or any part thereoi for o;her purpptet, ~•.ilh~vt th~r~b~ ~.~ai.~,ig or ~~„pa~r- inp any ~qvity, li~n or righl under or by virtue of this mor!~aye; end in the event said MORTGAGORS shall for any reason fa+! to keep the said premisas so k~wred, q ftll to d+livar promptly any af said policieY of in~urance to said MORTGAGEE, or fail premptly to pay fuily any premium therefor ar in any nsp~ct fail to pafwm, discharge, ezecute, effeci, complete, comply wirh and abide by this tovenan~, or eny part hereof, said MORTGAGEE mey place and - pay fw tuth Inswante w any part theraof without waivinq or affecting any option, lien, equity, or right under or by virtue of thii Mortgage, and the tull ~mount of ~ach and ewry wch payment •MII be immediately due and payable and shail bear interest from tne date thereof ~nti( paid at the rate ol nine per tMtum per ~nnum ~nd togrther with wth imerest shali l~r secured by the lisn of thie mwigage. A. To ptrmit, cO~nmif w svffer no waste, impairment or deterioration of sa~d property or any part thereof. S. To p~y all a~d sinyular the costs, cherges and expe~aes, in<luding a reasonable attorney's fee and ces!s of abstracq of t;tle, incurred or paid at ~ ~ny time by wid MORTGAGEE, bocause or in thc evem of fhe failure on the part of che said MORTGAGOR to duly, promptly and fully Ferform, d~stharge, execute, effect, eomplete, tomply wrth and ab;de by eacn and every the stipulatlons, agreeme~ts, conditions, end covenants of said promissory note and tfiis mortgaye +ny or either, and said tosts, tharges and expenses, each and every, ahall be immediately due and payable; whether or not there be notice da- mand, atttmpt to collect or tuit pe~d~ng; and the full amount of each and every su:h paymem shall bea• inierest from the date thereof until paid at the rate of nine per terttum per annum; and aIl said tosrx, charges and expznses incwred or paid, together wrth auch interest, shatl be aecured b~ the lien of thia mortpag~. 6. That (a) in the weM of any breach of this Mortgage or dafauit on the part of the MdRTGAGOk, or {b) in the event any of sn:d sums of money herein referred to be not promptly and fully peid within thirty (30) days next after the same severalty become due end payable, without demand or notice, or in iM w~nt each and every the stipulaYons, agreements, tonditions and covenants of sa,d promissory note and th:a mortgage any or eiiher are oo~ ~uly, promptly and fully performed, d:scharged, exetuted, effetted, co~nplered, tomplied with and abided Sy, then in either ot any suth event the said ag- pregat~ sum mcntioned in said promissory note then remaining unpaid, with interest accrued, and aIl moneys secured hereby, shall become due and pay abla forthwith, or thereafter, at the oprion of said h10RiGAGEE, as fully and completely as it aIl of N.e satd sums of money were o~igina!ly st~puiated to be paid on suth day, anything in sa;d promissory note or in this Mortgage to the con~rary norwithstanding; and thereupon or thereefter at the opt~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pna to its instrtution. 7. Thet in the avent that at the beginn~ng of or at any t~me pending any suit upon thu Mortgage, or to foreclose it, or to reform it, o~ to enforts payment of any claims hereunder, said MORTGAGEE shal! apply to the Co~rt having jurisd.ctien thereo! for fhe nppointment of a Receiver, such Court ~hall Forthwith appoint a receiver of said mortgag~d property all and singular, includ:ng ai! and singular fhe income, proflts, issuea and revenues from whatever source derived, each and every of wh~ch, it t~eing expressly ~ndersteod, is hereby rnortgaged as ~f speGfically set forrh and described in the granring and habendvm clavses hereof, and suth Receiver shail have a!i tha broad and effec~ive funct,ons and powers in anywiss entrusted by a Court to a Recaiver, and • wch appointment shal~ be made by such Court as an admitted equity and a matter of absol~te righ~ to sa~d MORTGAGEE, ar.d without reference ro the adequaty or {nadequacy of the valua of th.e property mortgaged or to the so~vency or insofvency of sa~d l1tORiGAGOR or the defandants, and fF.at svch rems, profits, income, iuues and revenues shall be applied by s~ch Recziver accord~ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d;scharge, execute, effect, complete, cornply with and abide by each and every the stipulations, agreements, condilions and covenanrs in said promissory note and this mortgag? ser forth. 9. That in thc evant the ownership of the mortgaged prem:ses, or any part tnereef, becomes vested in a penon other t5an the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without noiice to the h50R7GAOR, deal with such suttessor or au:tessor in interest with reference to thi~ ` mor.gage end the debt hereby aecured in tht aame manner as w~th Mortgagor w~rhout in any way vir~aring or d scharging the Morigagori liability here- under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and ro {orbearan~e ~n the pan of the 1,1pRIGAGEE or its successors or assigns and no exiension of the time for the payment ot the debt hereby secured given by the MORTGAGEE or its successors or assig~s, ahall operate ro release, discharge, modify change or affect the original Iiao;Gty of the M10RTGAGOR herein, either in whole or in part. 10. It ~s speufically agreed that time is of the essence of th~s contratt and that no waiver oi any obligat~on hereunder or of the obligation se- a,rc~c! hereby •hal! at any time thereafter be held to be a waiver of the terma hereof or of the insrru:r.ent secwed herby. Il. In add~ticn to the forego'ng montn~y payments of princ"pal and inrerest requ'ved by ?he prom~sscry no~e s~cvred hereb~, morigagor covenants and agrees ro pay b matgagee v:ith each momhly payineni an add~~ional sum esrmated 6/ morrgagee to be equal to 1 j 12 of fhe ancual cost of the follow- ing: A-All real property taxes levied or assesseti a9ai~~st thc above desoibed rezl es?ate. B-Premiums on fire and windsturrn inwracce as herein req~~;red to be carried on the fm; .ovemen!s sl!vate en the abcvc descriued premises. C-Premi~rr:s on wch mor!gage guaranty ir.surance as mortgagee sha:~ from t'me +o t~me deem fit to carry on the loan sewred hereby. Mortgagea shall frcm time to time notif~ mortcagcr ~n •,arit~ng of the a^•o•~~~t duc and p~yahle hereundar ar.d such su~~ sh3i1 thcreupon be due and payabte on tne due date of the next month:y paymnnt and nath wccessive :conth thereafr~r ur.til mcrtgagee sha'I not;fy n-,o•tgager of a change in such arnounL Such sums shall be applied by mortgagee toh~ard the payment of real property taxes, insurance prem:~ms, and mortgage guaranty insurance premiums. f VJ~TtJESS VVHERcOF, the said MOR7GAGOR has h^_reunto set his hand and scal the day and year first afo;esaid. qntd, Sealed a ~red in th s,ynte of: ~ ~ ~C neas a . e ~~A~~ ~ ~ w" r" ~(4aq ne a s . e c ~~a~~ . STATE OF FLORIDA ~ ~ COUNTY OF Saint Lucie i~~ Befae me perwnall appeared R aymond B~ V611C ~~.1 _ and Jay J~ ~eneill his wife, to me v.•e{I known and knawn to me to be the individuals de~tribed in and who executed the foregoing instrumer.t, and acknowledged before me that !hey executed the same for the purposes therein expressed. And the said J~~ J._ V~nai 11 wife af the said ~ R'Y7rinri ~AYIiS~ll upon a seperate and priwt~ exemination by me taken separate and apart from her said husband, acknowledged to a~d before me that she execuied said instrument fraeiy and volun- tarily and witho~t any compuision, constraint, aNpreRens~on, or fear of or from her said husband. WiTNESS my hand and afficial seal thit ~~th dsy of Tul~ q, p, t ~ ~t~. Q ~1[~D RECORD ~ ~ - - ~ , ?!~r p Notary Public in a~d for the 5 e of florida at Large ~ D 0 0 K My Commiasion exp~res: Return Tu: • ~int Federol Savings 6 loan Associat~on ~ i'Y P~IC, SUt! bf AOf1di ~~/1~ Of Fort P:erce. l~it PM ~j • I , ~ Commasioa E:pros li~r, u, ~ Fort Pierca, Florida ~ J• ( IwMd ~r fM i Cr~y Cy q s ~ • -~s t ~ y • . . . _L!J 1 t~ `F~ p ~ . . . • • t,\~.~~.~ fS"~,,1~ ~ C'~ii.C`?. CL.~~K ~ tt'' ',~~,~i . ^ J . ` ~ S L4lCI,~ COUNTY. 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