HomeMy WebLinkAbout0193 3. To pl~ce and cor+tinuously k~ep on the bu~tdings now ar herreflar s;tuats on sa~d ~and end on a!I eau~pment an~! ranonalfy coverod by thos mortq~
~p~, with ~11 p~~m+ums thereon paid in full, fira insuranca i~ rha vsua) standard polity form, in a sum •pprovad by ti,~ MGRiGAGEE, and windstotm
Inswanc~ 1~ tM uswl ~tandard polity fwm, in • fum approvad by tha MORiGAGEE, in wch tompa~y or tompanies ef ths MURTGAGEE may
dinctt and ~!1 fir~ and windslorm insunnce polic;ea on any of said b~ildir~ys, ~ny int+rest th~rei~ or part thereof, in the aygreya~e wm ~foreuid or ,
In ~xtess thtnof, shall cont~in tM usu~l standard mor~gagee cla~se +uth otMtr tlaufts as tM M<xt~ayee m~y requ:rt, makinq the loa~ v~dar ~a~d polt
ti~, aach ~~d ~wry, payabk to asid MORTGAGEE as iti interest may ,..;+r, end each and every tuth po:icy iha11 Ix promptly at~ 9~ed and delivsred to
any h~ld by wid MORTGAGEE ~s further aecurity to said mortgage debt, and, not lesf tMn ten (10) days in advance of the expir~tion of each yolicy, to dr
liwr M s~id MQRTGAGEE a r~nswd thereof, toyether with a teceipt for 11~e premium of turh ronewal; and iherr shall bs no f~re or windstorm insurancs
pJac~d an rny of ~aid buiWinq~, any interest therem or pert theasof, unlesa ia the fprm and with ths loss payable is efofeaaid; and in the evant any ium
of maNy bacomes peyabts ~~der ti~ch policy w policies taid MORTGAGEE shall have the option to receive and apply rhe same or+ accovrtt of the indeb>cd~
rKU f~cw~d hlrsby or ro permit seid MORTGAGORS to teceive end ute it or any part thereof tor eri~~r pvrposes, w~thout the•eo~ waiving or in,pair-
i~q sny equity, li~n or right under ar by virtue of thia mor!qsye; and in the event aa~d MORTGAGORS shall for any reasori fail tO kaep the saisl premiset so
iMUrsd, or fa11 to cbliver promptly any Cf s~id pcticies of inturenc! ro~aid MORTGAGfE, or faEl promptly to pay fully any premium thcrefcx w ir, any
rnp~tf fai! ro perfwm, discharge, ~xecute, effect, complete, comply with and aaide by th%s covenant, or any part heraof, said MORTGAGEE may place ar+d
p~y for auth i~qyrancs or sny part thereot witho~t weiviny or affetti~q any pption, lien, equity, or right undx or by vi.tve af th;~ MwtgaQe, ~nd the
full ~mo~~t of each and ev~ry su~h payment sha~l be immedi~tety du~ and payable and thall bear intereat from the date thereof uNil paid at ihe rate oi
ninr prr esntum p~ ~nnum ~nd to~ether with iuch interest shall be sec~red by tha lien of this mortgage.
1. To permit, commit or sufter no waste, impairrncnt a deterioretio~ of said property w any part ihereof.
S. To pay all ~nd tinyulsr th~ costs, charyes a~d expenaes, 7ncl~ding a reasonab!e attorney's fee and costs of ab~rracts of title, incurred or paid at
e~y time by said MORTGAGEE, becauae or in the event of the failure o~ 1he part of ~he aaid MORTGAGOR to duly, promptly and futly perform, d~tcharge,
ezecvta, tffect, complet~, ~omply vrlth and sb~de F~y tach end every the xtipularrons, agreements, conditions, and covenants of taid promissacy note end rhis
mwtyay~ ~ny w oitAer, a~d said cosn, charge{ and expenses, eeth and every, shall be immedialely due and pnyable; whether or not there be notite d~
ma»d, attempt to to11Mt w ~uit pending; and the full smovnt of tach aa~d every such payment shall bear interast from the datQ thereof v~til paid ~t the
rate of nine per centum per annum; and all sald coats, ct~a~ge~ and expensea incurrcd or paid, togerher w~th iuth interesL ~hall ba secured by the lien of th~~
+ra?tpaqe.
~ 6. That (s) in ihe event of any breach of thia Mortgege or dcfa~lt on tF~ part of the MORTGAGOR, or (b) in the event ~ny of said tum~ of money
herein refsrr~d ro be ~ot promptly and fully paid within thirty (30) deya next after fhe same severelty became due end payable, without demand or notite,
or (c) in the ~vEnf each ind every the stipulation~ egreemems, conditions and tovenants of sa d promissory no`e and th~s mortgaye any or either are not
~uly, promptly snd fvUy performed, d~scharped, executed, effrc~ed, compteted, cornplied with end abided tiy, then in either or any such event the aa~d eg•
yregste sum mentioned i~ saict p~omi:sory note then remaining unpa'r~i, with intrrest nccr~ed, end aIl moneys secured hereby, lhall ber~me due and pay
able fortfiNith, w there~fter, at the option of ~eid MORTGAGEE, as f~rlly and comp;etcly as if all of the said sums of money were originslly stip~lated
to be paid on suth day, anything ih aa~d prom~sswy note or in this Mortgage to the contrary notwithstanding; and rhereupon or thereafter at the opt~c~ of
taid MpRTGAGEE, v~ithout not~ce or demand, suit at Iaw or in rquity, thorefore o~ thereafter begun, may be proaewted as if all money~ securad heroby ~
had matured p?ior to its inslitution,
7. That in the event that at thc b~~ginning of or st sny time pending any suit upon this Mortgagr, or to forP~lose it, or to reform it, or to enforce
p~eymrent of any claimt hereundrr, sa~d MGQTGAGEE shaU apply to the Court hnving jurlsd~ction thereof for the appointment oi a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged nroRCny •II snd singulsr, includ~ng a1i and singul,~r the incomr, profits, isaues end revenues from whatever
wurte derived, eath snd every of which, ~t be~ry~ sxpreas~v vndersropd, is hereby mortgaged aa ii spec~fical;y set forth and destribed in the g~anring and
habendum tlsuses hereof, and su~h Receiver shali have all tha broad and effective funct~ons and powers in anywise er,trusted by a Court to a Re.eiver, and
tuch appointment ihall be made by such Caurt as an admittec: equity and a matter of absot~te rig~r ro said MOR7GAGEE, and w;rhout referenre to the + e
adequeq ar inadequacy of the velue of the property mor~~sqed or to the tioivency ar insoivency of sa~d MORIGAGOR or the defandanri, and rhat such
renTS, profits, income, isauea and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE •nd fhe pracrice ofi such
COUrt.
8. 7o duly, promptly +nd fvUy p~rform, discharge, execute, effect, complete, compty with and abide by eatfi and every ihc stipulat~ons, agrcements,
conditioru and ~ovenants in sa+d promiuwy nate and th~s mortgaye set fwth.
9. That in the event the ow~ersh~p of the mortgage~d premiaes, or any pert ihereof, becomc~ vested in a person other than tha MORTGACsOR, the
MQRTGAGEE, its successon and es~igns, may, without norice fn the MORTGAOR, deal w;th such successor or wccessor in interest with reference to this
mortgsq~ ~nd the debt ~ereby secured in the same minnet as with RAortgagor without in any way vitieting or discharg~ng the l3lortgagors' (iability here~
under w upon the debt here6y secured. No ~ale of fhe premises hereby martgaged er+d no forbeara~ce on thr perf of rhe MpRTGAGEE or iti successors
or easigns and no extension of the time for the payment of thP debt hereby secured given by tne MORTGAGEE or {ts succesaors or assigns, sliall operote
lo ralease, dixharye, modify thange or affett tfi~ orig~nal liabiirty of the MORTGAGOR herein, either in whofa or en part.
10. It is speufically agre~d that time ia af the eesence of this conwratt and ~fiat no waivrr of sny obl~gation hereun~7e~ ar of the obligalion sc
tv?ed hereby ~h~ll at eny time thereafier be held to be • waiver of the terms hereof or of the instrume~t set~•:~d herby.
11. In add~tio~ to the forego:ng monthly p~yments of princ"pal and inferest required by the prom~sscry no!e secured herehy, mortgagor covenanrs
end sgrees ro pay to mortgagee with each momhiy payrnent an add~rionai svm est~mareJ by mortgagee to be eq~al to l; 12 of the an~ua! Eosr of the foilow-
inq:
A-All real property taxes levied or assessed against the above desvibed real esrate.
8-Premiums on fire and wirfdstorm insurance as herein roqu~red to be carried on the improveme~ts s~tuate on the above d~suibed premises.
C-Premiums on such mongage guaranty ir.wrance as mortgage? shall fro~, t:me to time deem fit to carry on the loan secured here6y.
Mortgagee sha!1 from time to time notify morrgagor ~r. wret;ng of the amo~~i due a~.d pa~a~fe hereunda. and such sum shall the:e~pon be due and
payable on the due date of the nexr manthl~ payment and each successive rronth thereaHer ~rnil mcrrgagee shall no~;fy rnortgagor of a change in such
amount. Such sums aFall be applied by mortgagee toward tfie payment of real ~rGpP~ty taxes, insurante prem:ums, and mortge~e guaranty insurance
pr~m:ums.
IN WITNE55 WHEREOF, the said MORTGAG02 has hereunio set his ha~~d and scal the day and year first afcresaid,
" ned, Seal and del' ed in the presence of: `~4
~k~•[l',!Lc
_ (Seal)
- , ~ (Seel)
- - (5eal)
(Saaf)
STATE OF FLORIDA ~ ~
couNr~r oF Sa Lucie 5`~
Before me personally sppeared W~~ at~ LT Dohert~ end
- MAt'~83'-~-t~$~--..~~1~Z'-~~----- his w;fe, ro me wefl known and known to me to be
the individual~ descnbed in and who execured the foregoinc~ instrument, e~d acknowled7ed before me that they executed the same for the purposes
therein expressed. And the said_ Ma2'gRI`9C R. Doher~.y
wife of the ~aid _ Wi.1~.,~Alll t7• D4herty upon a separate and private
examination by me taken separate and apart from her said husband, acicnowledged to and beforc me that she ezetuted said instrument tree}y and vol~n-
rariiy and without any compulsion, constraint, apprehenaion, q~r>fear of or from her said husband.
WITNESS m hand and official seaf this f?f~-~ ~~J~~ L~
~ Y day of~ A. D. 19_it.~
~ Notary P~b in and for the 5tate of Floride et large
' My Commr~'sion expires:
' ~ t~/~: ~a . . ,
Fir{c~~~.i~~/~d,~•`'~~,oan Ass«iat~on NOt2Sry FUbIIC, State oi Flcrida at l:atg~
• _ . ' Of Fo'rt ;R!~u. "
- `~~~,,,s ~a~;;~, 'NILED AND R~C ROEO My Cemm~ss:o~ "cxp:res. Aug. 6, 1967
~ 0 o K 8ond~d By American Sur.ty. co. af N. Y,
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