HomeMy WebLinkAbout0223 3. To plac~ ~~l continvousiy keeN u+ the buildinys now o? h~reaft~r aitwt~ on ~~id (~nd s~d on ali equipm~t ar~d p~no~utly covor~d by thi~ mortp.
~p~, wifh a~l premium~ th~rwn paid in full, fir~ i~ur~nce iR tM u~wl irend•rd policy fwm, in ~ tum aFprov~d by tha MORiGAGEE, •nd winditam
• Gnur~nct in the viwl atandard poliry form, in a wm approved by th~ MORTGAGEE, tn ~uth :ompany w comp~~i~s aa the MORTGAt'iEE __may
dir~tt; ~nd ali fi~~ ~nd windstw~n insurent~ policiet an +ny of usid buildi~~pa, ~ny in»rNt thersin or pa~t tMreof, in +M py.eyat~ sum afw~seid w
le~ uccau ther~of, shall contsin the wwl at~nd~rd mortgag~a ciw~e w~uch otMr <lauss ~s ih~ Mortyagee may requ~r~. maMinp ths loss undar ~~id poli~
ti~t, Nch a~d ewry, psy~bk to pid MORTGAGEE ~s ita intereat m~y appM?, and each a~d ~very iuch policy shall be promptly ass.qnrd ~nd d~livered to
~ny hsld by aid MORTGAGEE aa further socurity to said mortg~ debt, and, not Isss tMn ten (10) deyt in advance of tha expirstion of each polit>, ~o dr
~ liver to aid MORTGAGEE s r~newal thar~of, io~etF»r with a reteipt kx the pr~mlum of sutfi rsnewal; artd there thell be no fire or w+ndslo~m insur~nce
plsced on sny of s~id buildinps, a~y interest tMrein or pa?t thireof, unleu in tM form ux! with th~ lost payable as aforessid; and in tM eveM any sum
of nwMy becomet payabla un~er wch policy w politNS 1~id MORTGAGEE ~M{I haw th~ option to receive an~ apply the same on accouM of the indebt~d
nvu qtured hereby or to pKmit s~~d HIORTGAGORS to reCeiw and u1e i1 or any Qart fhercof for othc~ purpaaet, without the~~br waiving or ~mpair-
inq any equ~ty, lieh or riyht under or by virtus of thi~ mortgpe; ~e+d in tM ~vent aid MORTGAGORS ~ha~l for any reawn fail to keep the uid premiaas so
, insured, or fsil to deliver promptly iny pf said policies o} inswams to faid MdRTGAGEE, u fail promptly fo pay fulty any prernium therefor or in any
r~specf fsil ro psrfam, discharga, execute, tffect, tompleie, comply with ~nd abide by thix tovcnant, w any part hereof, snid MURTGAGEL msy place anc
pay for suth inaurancs or ~ny p~rt thareof witi~out weiving w affectinq any optio~, lien, puity, or right undar w by virtw of thit Mwtgage, end thc
tull ~mount of each and every suefi payment shall be immediately dw and payabla ~nd ~hal~ bear intere:t from tM date thereof until paid ~t the rate o1
nine pe~ centurn f:er ~nnuin and to~ether with s~ch interest ahall be secured by th~ lien of thi~ mortys9a.
4, To psrmit, commit or sufftr no wa?tt, Impairment or deterioration of said property or sny part thereof.
5. To pay sll and tingulsr th~ cwts, charqn ~~d expenies, includiny a reawnabl~ ottarney'f fee and cost~ of ~tutracti af title, incurred or pa+d at
sny time by aaid MORTGAGEE, becsuse w in tM ev~nt of tha failure on the part of tM ssid MORTGAGOR to dvly, prampNy an.i fulty perfarm, discfiarg~,
execute, effec~, complete, comply w~th and ab~de by e~ch and every fhe stipulations, agreernents, condit~on~, end mvenants of said prom?ssury note and thii
mo~tgage any o~ either, a~d uid costa, charyea and expen~es, each end every, shall be immediately dc,e and payeble; whether or not there be notite de
mand, attempt to collect or tuit pendinyj and the fu~l amount of esch end every iuch payment shall bea~ interesi from the dste thareof until p~id at the
rare of nine pcr ceMum per annum; and all ~aid tosts, charp~s ~nd ezpen~et incurred or paid, logether w~th wch interest, shall be srcurad by the lien of thi~ -
rtwrtfla9e.
b. That (a) in ihe evem of any breach of fhis Mortgaye or default on the part of the MORTGAGOR, w(b) in tha evcnt any of ~aid wms of money
herein reftrred ta be not promptty ar.d fully paid within th~~ty (30) days next after the same severe~ly become due end payable, without demand or notice, ,
or (t) in the evan! esch and evary the stipulations, ~greemen», tondition~ and covan+nta oF sa~d promisaory note end rhl: mortyaqa any or aith~r are not
~uly, promptly and fully performed, dlscharyed, executed, ~ffaded, completad, compliad wi~h ~r+d abided by, then i~ eithar w any such w~m tM said a~
pregate sum mentioned in said promissory note then ramaining unpeid, with interest sttrued, and all money secured hereby, shall become due and pay
eble forthwith, w the~aefter, at the option of aaid MORTGAGEE, es fully and eompletely as if all of thc said sums of money were originally stipulatcd
to be pnld o~ svch day, a~ythinq in xe.d promissory nate or in this Mortgage to the tontrory natwithstanding; end thereupon or thereafter e~ the option of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or tharea4ter begun, may be prosecuted ss if all money secured hereby
had matured pr~or to its institution.
7. That in the event thct ~i the beginning of ot at e~y time pending any ~uit upon this Mortgage, w to foreclost it, or to reform it, or to enforce
payment of sny claims hsreu~der, said MORTGAGEE shall apply to ihe Court heving jurixdittiai thereof for the eppointment of s Receiver, tuch Coe,rt shall
forthwith sppoint a receiver of said mortgayed property aIl and aingule?, intlud~ng all and singular th~ income, profits, issues and revenues from whatever
source derived, ea<h and tvary of whith, it beinq ~xpressly understood, ii hereby mortgaged as if tpet~fitally set forth and detcribed in the grant~ng and
hebendum clauses hereof, and such Rcceiver ~he:l havn e!1 the broad •nd effective functions and power~ in anywise entrusted 1~/ a Cou~t to a Receiver, and
such appointment shall be made by such Court as sn ~dmitted equity and s matter of absolute right to said MORTGAGEE, snd without refetence to the
edequaty or inadeq~acy of the va~ue of tfie property martgaged or to the solvency or insolventy of ~aid MORTGAGOR or the defendants, and that auch
rents, protits, inco~ne, istues and revenue~ thall be epplied by tuth Reteiver accordiny to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duty, promptty end fully ,xrform, distharge, execute, effect, complete, cornply with and abida by each end every tho stipulations, egreement~,
conditions and covenant~ in said promissory notc and this mortgage tet forth. '
9. That in the event the ownership of the mortgaged premises, or a^y part thereof, becomes vested fn a person other than the MORTGAG4R, the
MOR7GAGEE, its successors end assigns, may, without notite to the MORTGAOR, deal wi:h such s~ccessor or successor in interest with reference to th:s
mo~tgage and the debf ha?eby aatured in the same manner as with Mortgagor without in sny way vitiating oc di:charging the Mortgagori Iiability here-
under or upon the debt hereby secured. No aale of ifie premiaes hereby mortgaged end no forbearan~e on the part of the MORTGAGEE or its tuccessors
or assigns and no extension of the time for the peyment of 1!~e debt hereby srt~red given by the MORTGAGEE or its succeesors or asaigns, shal~ operate
to relaase, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole ar in part.
10. It is speuficafty agreed that time is of the esaence of fhis contrect and that no waiver of any obligation hereunder or of the obligation se-
cured hareby ihail at any t'rme thereafter be held to be a waiver of the terms hereoF or of the instrument secured herby.
11. tn add tion to ihe forego:ng manthly payments of princ'pal and intetesT ?equired by ihe promiswry no!e sec~red hereby, mort~agor covenanta
and a~rees to pay to mortgagee with each monthly payrnent an additionel sum es±imated by mortgageo to be equal ta t jl2 of the annvel cost of the follow-
in9:
A-All real property taxes levied or assessed against ttic above deuribed real estate.
B--Prem+~ms on fire and windstorm insurance as herein requ~red to be carried on the im~roveme~ts a~tuate on the above clescribed premise:.
C-Premiurr~s on svch mortgage guaranty inauronce as mortgagee ahall from t~me to time deem fit to tarry on the loan secured hereby.
M~.rtyagee shail from time to time notify r,.ortgagor in writing of the amount d~e and payable hereundpr and such surn shall thereupon be due and
payab!e on the d~e ~ate of the next monthly payment and eath wccessive month thereafter urtil mortgagee thall notify martqagor of a thange in svch
amount. Sucn sums aha(I be applied by mortgegee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance
pramiums.
IN WIT.NE55 EREOF, the s'd MORTGAGOR has hereunto set his hand and seat the day and y firs4 aforeaaid.
Signed, Seal a.ed de~' ~ i t ente of:
~ _ ~ ~ ~ Ssal)
/ J :5eal)
_ '~--~C~C.,~~ Seel)
(Seal)
S~ATE OF FLORI~A - ~
couvTV oF - Se i rf~ Lucie
Be~ore me pers,~onally appeared Ra~n:ond C ~ HLlY'3~i _ _ end
__s~u-lC4~..±l~~'.'_~t his wife, to me we11 lcnown an~ 4nown to me to be
the individvsls described in end who exec~ted tfie foreqoing instrument, and acknawledged before me that they exec~ted the same for the purpose3
lherein expren~c~d. And the said..~ ~u~~ -
wife of ti,e iaid _ R9~Orid Ci. ~~.12"~4t upon e seperate snd private
exam:nat~on by me Taken teparafe and apart from her ~aid husband, ecknowledged to end before me that ahe exc•cuted said ins!rument freely and volum
tarily and w~thout any tompulsion, constraint, apprehe~~ion ~ fear of or from her said husband.
WITNESS my hand and offida~ seal this...-._...~._~~~ day of _ f1. U. 19_v2
~ ~
. No ary Pvblic in and for fhe Stste of florida et ler9e
My Commiasion expires:
Retum To: ~ '
first Fe~eral Saving• b loen Association
Of Fort Pierte. ~~u~~~,~~~, r~ t:.."~.i ~.('~TE 0` ~~~rl~.ti 2t UiR~E
Fart Pierce, florida p f ~ S(:G'~'. 29. 1'?53 _
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