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HomeMy WebLinkAbout0653 1 To ptac~ and conHnuov~ly kwp on tM b~:ildinys now w Mr~after a~rwte on ~aid lend and on all equipm~nt and pawn~tly covK~d by th~~ morrp- ap~, with all pr~miwns thereon p~~d in full, tira In4u~~ffCf in the usuel standard policy form, in • ~um approv~d by the MQRTGAGEE, and windstwm iruurance in tlw uaua! ~tandard policY fam, in a sum approved by the MORTGAGEE, in iuch company or companiss u tM MORTGAGEE m~y direct; and ~U fir• s++d windsrorm i~aur~nc~ policie• en u+y of said buildinps sny int~rrat tharain w parf thereof, in tht aq9r~pat~ wm ~fw~said cx M~xee~s the?~of, shall confain the us~al sfenderd mortgeges claus~ w~ueh otMr Ciaut~ +s the Mwt9aga+ may requir~, makinq the loss und~r ~~~d po1F cief, each a~d avery, payaW~ to uid MORTGAGEE ~s its interest m~y appaar, ~~d ~ach and every s~ch policy ahail ix promptly ass:gned and d~Iiverrd to any he~d by reid MORTGAGEE +s furthe~ ~ecurity to said mortgage debt, and, not leu tMn ten (10) days in advanco of the exp~ration of eath policy, t~ d~- liver to Mid MORTGAGEE • rentwal therwf, toqether wifh a receipt for the premium of tuch ror~ewal; and there shall be rw fire or wi~dstoim insuranct plst*d on any of said bui~dings, any interest th~rein w part thereof, unleu in the form ~nd with the los• payable as aforesaid; and in tfie event any sum of mo~ay becomef payable ~~der such ~wlicy o? policiss iaid MORTGAGEE ahall hava the option to receive and epply the iame on account of the indebted• ntss secured heroby or ro parmit aaid MORTGAGORS to receiv~ >r+d use it w any part fhereof for othrr purposes; without th~reu~ waivin~ or ~mpair- iny any equity, lien or right under or by virtue of this mortgige; •nd in 1he ~vent saia MORiGAGORS ihati for a~y reason fail fo keep the sa~d premises so inaured: or fail to de~iver promptly any of said po~~tiea of insurance to said MORTGAGEE, or fai; promptly to pay fully any prem~um therefor or in any respect tail to perform, d~scharge, execute, effecl, compltte, tomply with and abidc by thi~ tove~ant, or any part hereof, said MORTGAGEE may place and psy for such insurance or any part thereof without waiviny or •ffaclir~ any option, lien, aquity, or right under or by virtue of this Mortga9e, and the full amount of each and every ruch payment shali be immcdiately dua and psysble and shall bear interest from ther date therrof until paid at the rata ot nine per cent~m per annum and together with tuch interest thall be secured by the lien of thit mortgaye. To permit, commit or suffer no waste, impairment or dattrioration of said property or any part fhereof. S. To pay all and singula~ the cost~, charges end ezpanws, includin~ a reasonable Attorney's fee and costs of abstract~ of t~tle, incurred or paid at any time by said MORTGAGEE, betause or in the evant of the failure on the part of tha said MORTGAGOR to du~y, promptly and f~lly perform, dixharge. execute, efiect, complete, comply with and eb~de by each and evqry the stipulations, agreemen!s, conditions, snd t~venants of said promissary note and thit mortgaga any or either, and ~aid costa, charges and expenaes, each end every, shall be immediately due and payable; whether or not ~here be notice da mand, attempt to coHect or suit pend~ng; and the fuH amount of each and every such payment shall bear interost from the date thereof until pe~d st the rate of nine per cemum per annum; anc~ all said costs, chargn and expensea i~xurred o~ paid, togather w~th ~uth intatest, ahall be setured by tha lien of thia mortya~e. 6. That (a) in the eve~t of any breath of this Mortgaye or default on the part of the MORTGAGOR, or (b) in the event any of aaEd sums of money herein referred to be noi promptly and fulty paid within th~rty (30) daya next aher the same severally beca-ne due and payable, without demand or notice, ~r (c) in the event each and every the stipulations, agreements, conditions and tovenants of sa~d promissory note and th~s mortgage any or either sre noi ~vly, prompt{y and fully prrformed, d~scha~ged, executed, ~ffetted, completed, complied with and abided 5y, then in either w any such event the said ay~ gregate sum mentioned in sai~ promissory nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shatl become due and pay able forthwith, or thereafter, at the option of aaid MORTGAGEE, aa fully and comp~etely as if all of the said suma of money were originally tripuleted to be pa~d on such day, anything in sa:t! p~omissory note or 9n this Mortgage to ihe conrrary notwithstanding; end thereupon or thereafter at the opti~n of seid MORTGAGEE, w~thout norice or demand, auit at law or in equity, therefore or thereafter begun, may be oroaecuted as if all moneya secured hereby had matured pr~or to its institution. 7. Tha1 in the zvent thar at the b.^g: ~.^.ing of or et any time pending any suit upon this Mortgage, or fo foraclase tt, or to reform it, or to enforca payment of any c!aims hereunder, said MORTGAGEE shall apply to the Court having jur~sdlcrion thereof for the appointment of s Receiver, ~uch Court sha!I Forthwith appo~nt a receiver of said mortgaged property all and singular, includ~ng all and singular the insome, p~cfits, issues and revenues from whatever seurce derived, each end every of wh~ch, it be~ng express~y understood, is hereby mortgaged as if spec~fically set forth and ~escribed in the granting and habendum z~auses hereof, and such RetEiver shall have all the bread end etfective funchons and powers in anywise eMruated by a Court to e Recaiver, and such appoin!me~it shalt be made by such Court as an admitted equity and a matter of ebsofute right to seid MORTGAGEE, and without reference to the adequaty or inadequacy of the value of the property mortgaged or to the solvency or insalvency of aaid MORTGAGOR or the defendants, and that such rents, profits, income, issues end reven~es shall be applied by such Reteiver accordir.g to the lien or eq~ity of said h10RTGAvEE and the practice of such Court. 8. To duly, promptly and fullv perf~rm, discharge, execute, effett, tomplete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said prcmissory note and this mortgage tet forth. 9. That in the event the ownership of the mortgaged premisee, or any part thereof, becomes vested in a person other than the MORT ,~'rAGOR, the h10RTGAGEE, irs successors and assigns, may, wiihout norice to the MORTGAOR, deal wiih such successor or successor in interest wi!h reference to this mortgage and the de6t fiereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortyagors' liabitity here- under or cpon the debt hereby secured. No sale of the prem~ses hereby mortgayed a~d no forbearance on the pa~t of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or ass~gna, a~iall operate to release, discharge, modify change or affed the original liability of the MORTGAGOR here+n, either in whoie or in part. 10. It 3s specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr cured hereby ehalt at any time thereaNer be held to be a waiver af the terma hereot or of the instrument sewred herby. 11. In add~tion to rhe forego'ng monthly payments af princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to morrgagee with each monthly payment an add~iionsl sum estimared by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-Ail real preperly taxes leviad or asscssed a~ai•~st the above described real estat~. @--Premiu~:is o~ fire and w~ndstorm insurance as herein requ~red to be carried on the improvame7ts situate on ?he above d=scribed' premises. C--Premiun~s on such mortgage guaranty insurance as morty3gee sha~l from t~ne to time deem fit to carry on the loan secured hereby. Mertgagee shall from time to tirne no}ify mortgaaor +n writing of the amo~nt due and payable hereunder and such sv~i shall thereupon be due and payable ~n the due date af the next monthiy payment and each successive month thereafr~r urni~ mortgagee shall notlfy mortgagor of a thange in such f amount. Such s~ms sl~ail be aoplied by mortyagee towa!d the payment of real praperty taxes, insurance prem;ums, and mortgage guaranty insurance premiums. f4 WITNESS WHEREOF, the said MO~TGAGOR has hereunto sat his hand and seal the day and ear firat aforesaid. - Sign 5 and d ver presence of: ~ - ~ _ ~ (Seal) r (Seai) (Sea I) _ (Sea I) 5TATE OF FLQRIDA SS. ~OUNTY OF _ Sg~nt ~+uC~. e_ 1 Before me penonally appeared ~ A. K. HOCk C~AQ and his wi`e, fo me weli known and known to me to be the i~dividua;i destribed in and who executed the foregoing instrument, and acknowled ed befwe me that the executed the same far !he purposes tnerein expressed. And the iaid ~9~1911 HOCj{$~8~ wife of the said A• K• ~OC~{~~~.~ upon a separate and private exam~nation by me taken separate and apart from her said husband, acknowlecfged to and before me that she executed seid instrument fteely and volur- tari:y and w~thou~ eny compulsion, constraint, apprehension, ar ear of or from her said husb~nd. ~ WITNE55 my hand and officiat seai this day of Au ~t A. 19 ~ ,t ~ - { . Notary Public.in and for the State of florida at large My Commission expires: t.a ( ~ ; ' Q~tU~n To. ~ILED AND R CORDED ~ Notary Pubilc, 5tate ot Florlda at Large { First Federal Srvings 3 Loen Assoc+ation Of For~ P~ercz. ~ (~~iC~ ~~,,,j a A~Y Comm ss on Exp~res Plov. 3, 1905 ~ v~T ~ 0 K Bonded by f inercar. Surety ~o. af f+. 'r . Fort Pierce, F!orida ~ ; ; ^ i ~ ~ . ~,t ~ ti j • S5 ~11~ 3 Z 2 ~ ' . 7 . . ~ = J - ~ ~`F'z'~1"`ti, ~^f e • \ / ' • r ~ t f . ; . , . , tti~~r'.~,5 I'~', . i~:,'.`..;. .`r `v~a _ - ~ ~ sT. ~vc~~ cour~~rir, - ` ~ ~ . " , ~ . _ FLORIDA = - r~,:' n r~ • ~ ~ ~ R BOGK1~~ - ~ ' „a~. ; _ .~`'~tu~r.~:> ~ . _ ~ . - . .