Loading...
HomeMy WebLinkAbout0129 ~ 3. To plat~ and continuously keep o~ the bui!c~inps now or hereafter ~fiuate on said land ard on afl eq.,ipment and persanally covered by tfiil n+ortq, p~, with alI pr~mium~ therw~ pa~d in ful1, fird inwrortce in the ~sua! sranda~d poticy to~m, in s sum approvtd by the MOR[i..4GEE, and windstorm irbu~~nt~ in the vw~~ srsndard pol~cy fo~m, i~ a sum approved by the MORTGAGEE, in such tompany ot companies as the MORTGAGEE may di~~ct; snd all fh~ ~nd winrhtorm inwrancr policles an any of aaid build~~s, any iMerpst therrin or part the~eof, in the aqgrega~a ~um atores+id or kt axceN thereof, tMl! tonfain tha uwal standard mort9agea clause or such other claute as the Mwtgagee may reyu~re, mak~ny the ioss under iaid po1H Cia, ~Kh and evKy, payabl~ t0 said M~RTGAG~E sa ita int~r2~f may appaar, and each and every such policy shall ~e promptly au flned and de~ivertd to any hsld by ssid MORTGAGEE as funAer Kcvrity ru saFd mort$age debt, snd, no! !as thsn ten (10) days in advancs o4 the expiration of each policy, to de- liwr fo ~id Nl4RTGAGEE a rMewal thareof, taptther with a rece+pt ior the prtrmium of w~h renewal; and there ihall be nc f~re or windstorm insuronce plaad ort any oi ~aid buildi~ga, ~ny intaest therei~ a part thareof, unless in ~Ae form and wirh rhe toss payab~e as afare~aid; and in ~he e+.ent any sum ot monsy betansi paysble vndar such polity or policiea ieid MORTGAGE6 shaii have the option to race~ve and apply the same on account of Ihe indebted- nraa setured htrOby or to parmit said MORiGAG~RS to ~eteive and use it or any part thereof tor oriier pwposes, v.~iho~t th~rcu~ „vaiving or unpair- inq ~ny aquity, iian or riyht und4r or by virtue af this mo:fgege; snd in the event sa~d MORTGAGORS shall for any reason fail to kaep the ~aid premises so insured, ot fail fo deliver promptty ~ny of said po~icies of insurance ta sa~d MORiGAGEE, or fail promptly to pey fully any pre«~ium therafor or in any hsp~tt fai! to p~rform, discharge, axetute, effect, compiete, cornpty with end abide by this covenant, a any part hrreof, said MORTGAGEE may ptsce and p~y fw suth iravrence or ~ny part ihereof without waiving or affecting any option, lien, equ~ty, or rigM under or by virtue of this Mortgagr, and the full ima,nt of eath and eve~y such peyment shall be immed+ately due and payable and ahell bear intaresl from tha date the~eof untit paid •t tha rat~ of nin~ per ctntum psr artnum aad togNher with auch inrerest shnll be aecured by the liert of this mortgage. 4. Ta permit, commit or suf{er no wasta, impairment or deteriorotion of said property w eny pert thereof. . 5. To pay ~II and ainyular the tosts, cF+arges and exper.us, including a reasonab~e attorney's fee antl costs of abstracts of title, incvrred or paid at sny time by taid MORTGAGfE, because or in the event bf the failure on the part of the said MORTGAGOR to duty, promp!ly and f~11y perform, discharqe, tx~.vte, effetl, complete, tamply with and ab;de by each and every the stipulations, agrerments, condrtions, and covenants oi said promissory note and this mortgage ~ny ot eitMrr, and said costs, charges and expenses, each and every, shall b~ immediatety due and payab!e; whether or not there be notice d~ mand, attempt to cof(ett or suil pend~ng; and the full amounf of each and every svch paymem shali beer ;nterest from fhe date thereof u~til paid at the ~ate of nine per centum per annum; an~' all xaid costs, charges and expenses i:xurred or pa~d, together wdh such interest, sha~l be secured by the lien of thi~ mortgsge. 6. Thaf (a) in the event of any breach of this Mortgage or defauit on the part o! the MORIGAGUF', or (b) in the event any of sa~d sums of money herein ~eter~ed to be not promptly and fu~ly paid within thirty (30) days next aftar the same severa!ly become due and payable, withou? rlemand or notite, or (t) in the event eath ~nd every the stipulations, agreernents, conditions znd covenant~ of sa:d promissory r.ota and this mortgage any or either ero nol ~uly, promprly and fully performed, discharged, executed, eifacted, completed, complied w~ith and ab~ded 5y, then in either or any such event the said ag~ pregate sum mentianed in aaid promissory note then remaining unpaid, with interest eccrved, and all moneys aecured hereby, shall become due and psy •ble forthwrth, or fhereafter, st the option of said MORTGAGEE, as fuNy and completely as if alf of rhe said sums of money were originally stip~lated - Ta be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the contrery nor,v~ths~anding; and thcreupon or thereafter at the option of uid MORTGAGEE, without notite or demand, suit at law o~ in equ~ty, therefore or thereafter begun, may be Errosecuted as if all moneys srcvred hereby had matwed pnor to its instiruticn. 7. Tha1 i~ the event that at the beginn~ng of or at any time pending any su;t upon th~s Mortgage, v~ 'o foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MURTGAGEE sha!1 app~y to the Court having jurisd~c!;or, thrceof for the appo~ntment of a Receiver, such Caurt shatl forthwirh appoiM a ~eceiver of said mortgaged property all and singutar, includ~ng all and s~nguljr the inceme, proflts, issues and revenues from whatever tource derived, each end every of wh~ch, it being axpressiy unders~ood, is hereby mertya3ed as if :pec~fically set forrh and deacribed in the graming and habendum dauses hereof, and suth Receiver shaii have a~t the broad and effective fur.ct:or~s and povve,s in anywise em~us~ed hy a Court to a Receiver, and ~uch appointment xhall be made by such Court as an admitted equ~ty and a matter of abso'urc r~ghr to sa~d MORTGAGEE, ond without reference to the edequacy or inadequacy of the va~ue of the property mo~tgaged or to rhe so.vency or insoivency of said MORiG3GOR or ihe defendartts, artd that nvch rents, profits, inc~me, isavei and fevenues shall be applied by sucn Receiver accord~ng to the lien or eq~ity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fu~ly pzrfq~m, discnarge, execute, effect, compfete, comply w;th end ablcfe by eath and every the stipulations, egreemenis, conditiorts and corertanis in said promissory note and this martgage set forih. 9. That in the event the Ownership of ihe mortgaged premises, or an}• part tnereot, h~comes vested in a person othe~ ihan the MORTG.4GOR, the MORTGAGEE, its sutcetaors and assigns, may, wirFout retice to the A'~ORTGAOR, dea' witn such s~cczssor or successor in interest with reference to Ih;s morfgage and the debt hereby sec~~red in ths same manner as wrth rho,rgago~ w~thout in any way v~t~ating or d,scharg~ng tFe l~lortgagors' liability here- under or upon the debt hereby aecured. NQ sale of !!~e Frertii5?s h~~reby mortgaged ard no fcrbearance on tt~e part of the fAORTGAGEE o~ its successors or assigns and no eatension of the time for rhe payn•ern of the debt hereby secur~d given by the h,ORiGAGEE or its successars or assigna, ;nal{ ope~ate Jo r~lease, dfscharge, modify change or aifect the orig~nal liao:iny of the MORTGAvOR herein, eithrr in whole or in part. 10. It is apetifically agreed that time is of the essence of !hia contrac~ and tliat no vvaiver of any ebllgar;on hereunder or of the obligation se~ ei,red hareby ~half at eny t~me thereafter be he!d to be a avaiver of the terms he:eof or cf the instr~ment secured herby. 11. 1~ addAion to the fcrego'ng mo~th!y payments of orinc'pal and inreresr requ~red by the prom:sso~y no!e secured hcreb~, mortgagor tovenants end agre2s to pay fc mortgagee with each month!y payr:~ent an adci.rionaf sum estur.ate:,' by mo~tgagee to be eq~al to 1;12 of the ar.nual cast oi the foilow- ing: A-All rea) property taxes levied or assessed agai~ist the above descriE;ed r~al estare. 6-Premiums on fire and Win,~J51Lt(71 inswerce c~s he~ein reyo[~ed to be carr~cd on the ;rrpreveme~ts s~t~ate on th: above dc•scr~SE.d premises. C-Premium: on such mortgage g~aranty ~nsurar.ce as mortgagee shail fro~r. t~me ro t~~ne deem f~t te carry or the loan secured hereby. M~rtgagee sha!I irom time to tlme nctrfy mcrtSagor ~n ~,riritin3 of the ac~,ou~t due and payable hereundar and s~ch su-~~ shnil thereupon be due and payabl~ on tne due da'e of the next month:y pdym^;i} a:id euh su:c^ssive month thereaftc~ u;.t;! martqagee sh~!I no!;fy n:o-!gagor of a change in such amo Such sums shal! be applied by mortgag~_e to,aard the payment ci real property taxes, inwrance prem:ur.s, a~d r;ort~a~e guaranty inaurance p~e i s. . iN WITNE55 '+VHf 'QF, e said MORTGAG02 has hereunro sef his har,d and seal rhe day and ye~l flnt aforesaid S~qned, Seeled ~ d iv~~ed in the p z of: (SeaQ Wi~neas , , Lou a . raw _~~e~~ 7~ ,,r~~,i~ ~ ~ i tne a a l~. a y (5eat) ~cs~a~> STATE OF fIORIDA ~ ~ COUNTY Of Saint I+Lld~ 9 ~ Before me periona~Iy appeared I.+Oll~ ],~j'g~(i~" - - end firmA `T' ~{~'d~-~--~---- his wi1e, to me weil kncwn and knqwn !o me ta be the indiv~duals described in and who executed the foregoing instrument, and acknowtedged befora me that they executed the same for the purposes ~herein expressrd. And the said F'.I'1118 J~ DI'&Wd~ wife o# the :aid Louis I+. DZ'~ upon a aeporete end privste examinetion by me taken uparate and apart from her said husband, acknowledged tc and before me that sfie executed said instrument frtely end volun- tarily and w~fhout any compvlsion, constraint, apprehen;q~,tpr fear of or from her said husband. W17NES5 my hand ar.d official sea! this ~U n da• of s 6 ...r ~ JZI~. A. D. 19~ p . , , iVotary P~blic in end for the Stai of Florida at Large ~ My Commission expires~p~ ~~K Sbte of Rorida at R~r~rn to: ' My Commissior~ Ex rES Nor. 14. 9[~g Firit Fedsrsl Saving~ d l.oan flssocirti~c-ri ~~D ~~.~,Ra~ pl . Q{ . Fott Pierte. t 1 l~-G.11 8:.ndrd 9r Am~nun iin i C+s~wth ' ~~-g o o K ~...F , ' Forr.,Fiercg~ F1n.ida - ' - ~ • ~ G'Z.G+.~ ~i" . . ' _ . = '65 JUt 22 PH 3 : 1 . ~ . v ~ ~ . ~ +/4r ~ . ! 4 + l ~ • `1~••~~ { •r.1 . t , .t. a, [ a? ( j V p * 7 ~ _ ' , . _ ' x . . . ~ FtOGEFt rQ?Tt~aS. C~ERK - ~ cj ~ ~ . 1. j ~ ST. LUCtE CQUNTY, ~.~r~ : . ~ , - o,i. , 'r. , FL.ORlDA • _ , r : _ ' ~ • ~ 0 R ~ ~`l „`~,i,K,~-~` ~r... ~ ~a.~~~r ~ ~ . _ i~r ~ ' ~ r~.~.~~~...~.? - . ;