The URL can be used to link to this page

Home My WebLink About1635 To placY and continvously keep or+ rhe buiid~nya now w M~eaft~r tituat~ on said ~~nd and on ~11 eqvipmeeM and p~~~~~Y ~ove~~d by this mwtg~ p~, wilh all phmi~ms tMrsa~ pa~d in tull, fire inaurance in the usuel ~t~nderd policy fwm, i~ • sun+ approv~d by N+e MORiGAGEE, ~~d windatwm inwr~ in the uaual i~andard pot~cy fwm, in a s~m approved by the MORTGAGEE, in suth company or comp+nies a M+t MORTGAGEE may dinttt and all fir~ •nd windatorm imur~nee policies on any of fa;d buildinqt, any i~~te~h1 1he?ein or part thsreof, in the pyre9~q ~um afwea~d or In sxt~a ther~of, shall contain tha usual s~andard mc:tgag~e dause or such othK claufe si tha Mo~tg~q~e m~y r~qui~~, makinq ths lesa ur+da said poii- ti~f, e~cF ~nd ewry, p+yabl~ ro said MORTGAGEE as its intereat may appsar, •nd each and every such policy shall b~ promptly a?s gned ~~d deli'oered ~o ,~r?y h~ld by aid MORTGAGEE fu~ther security to as~d mortgayE debt, and, not I~u than tsn (~0) days in ad.~ance of the ezpiration of each policy, to de- liwr to I~aed MORTGAGEE a r~rtewal thereof, toqeth~r with a receipt for the pr~mivm af such r~newal; and thera shall be no fire or windsto~m ini~rancs pl~c~d on any of said buildings, any interest tt,srein or part thereof, unless in rhe form and with the loas payable as aforrsaid; and in tMt avent any ~um of maMy becomes payabie under such policy w policies seid MORTGAGEE ~hall have the op?ion to receive and ~pply the wme on account of the indebted- n~st t~cu~~d Fsereby o~ to pe+mii aa~d MORTGACwORS ro receive and uee it a any part thereof for other puiposes, without th~reb~ waivi~ig or ~mpair- kq ~ny equify, IiM or right under a by virtw of this mo:tqa9e; and in the event uid MOitTGAGORS shall fa any reawn fail to keep the iaid premise~ so ineurod, w f~il fo delivei promptly ~ny of said policies of in~urance to said MORTGAGEE, or fail p~omptly to pay fu~ly any prtmium thtrefar ar in any r~sp~ct fail to p~rfwm, discharge, ex~cute, ~ffact, tomplete, comply wirh ~nd abide by this covenant, or any part herwf, ssid MORTGAGEE may plsce antl pay for wth iroursnce ~ any part th~reof without waivi~g or aff~cting iny option, tien, equity, or right undsr w by vi~tue of this Mortga~e, sad the fufl am<wnt of ~ath end evtry such p~yment shall be immedi~ftiy due +~d payabl• •nd shall b~ar interest from tF+~ data thereof ~ntil paid at the rat. 01 nine p~r tentum par annum and together v.•ith such interpt shaL' be secured by tM lie~ Of thi~ morig+qa. 4. To p~rmit, tommit or wffer no wssts, impair:nent a delerioratior. of s~id propcrty or any part thereof. 5. To p~y atl snd iir~g~Iu tha costs, thargeo and expenus, intludinp a reasonable atto~ney'• fee and tosts of abatracts of tiTle, incurred or paid ~t ~ny time by ~aid MORTGAGEE, becsuse or in fhe event of the failure on the part of the said MORTGAGOR fo duly, promptly and fvlly perform, descharg~, •xecute, effecL complet~, comply with and •bide by sach snd every the stipulations, agreemar.ts, conditiom, and covenents of said promissory nofe and tF~ii mortg~~e any or e+ther, and wid costs, th~rqes and expenses, aath and every, shall be imme~iately due and payeble; whether or not there be notice de~ mar~d, atternpt to collect or suit pending; end the fvll amount of each end every iuch paymem shal! bea~ interest from the date thercof until peid et the rete of nine per centum per annum; and all said co:ts, charges and expenses incurred ot paid, fogether with suth interast, shall be tecured by the lien of thi~ mortqape. 6. Tfiat (a) in the event of any breach of tF~is Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aaid sums of money hersin referred to be not promptly and fully paid within th~rty (30) days next after the same severa?4y become due and payable, without demand or notite, ar (t) In tha rvent esch and every the stiputatiens, agreements, cond~tions and covenants of sa:d promissory nate and th~s mortgage any or either are no~ ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complind with and abided by, then in e~ther nr eny such event the ssid ag- qteqatt sum mentioned in aaid p+omissory nore then remaining unpaid, wiih intrrest accrued, and all moneys secured hereby, shall become due and pay •bt• forthwith, or thereafter, at the option of sa+d MORTt',AGEE, as fully and completely as if all of the said •urt?s of money were origin~lly stipulated fo be paid on suth day, anything in said promiasory r.ote or in this Mortgage to fhe tontrary notwithstandi~g; and thereupon or thercafter at fhc option of said MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or fhereafter begun, may b~ prosecuted at if ~11 moneys secured hereby had maturcd prlor to its inatitution. 7. Thst in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payme~t Of sny tlaims hereunder, said MORrGAGcE sha11 appiy to the Court having jurisdicrion thereof for the appointmtm of s Receiver, such Court shall Forthwith appoint a receiver of sai~i mortgaged praperty all and singuler, includ~ng all and singu~ar the incoms, profits, issues and revenues 4rom whatrver •ource derived, ea<h and every of wh~ch, it being expressly understood, is hereby mortgayed as if speuficalty set forth and de~cribcd in the flranting a~d habendum ciaufes hereof, and such Receiver aha~l have all the broad and effective funcfions and powers in anywise entrusted by a Court tp a Reteiver, and ~uch appointmrnt •hall be made by such Gourt as an ndm~tted equity and a maiter of absolute right to seid MORTGAGEE, and withn~t reference to th• ~drquaty or inadequacy af the value of the property mortgaged or to the solvency or insclvency of said MORTGAGOR or the defendant~, and that auch rentt, profits, incorne, issuea and reven~es shall be applied by such Receiver according to the lien or eq~ity of said MORTGAGEE and the practice of tuch COUrt. 8. To dv!y, promptiy and fully perform, d~scharge, execure, effect, complete, comply with and abide by each end every the stipulatians, agreement~, tonditions and covenanls in aaid oromissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vestrd in a person other than the MORTGAGOR, tha MORTGAGEE, its ~uccessors and assigns, may, without notice to the h10RTGAOR, deaf with such tuctessw or wccessor in interest with referente to this morlgage and the debl hereby secured in the same manner as with Morrgagor without in any way vifiating or d~xharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of tne premises hereby mortgaged and no forbearance on the pert of the MORTGAGEE or its a~ccessors or a~signs and no extension of ihe time for tne payment of the debt hereby se~~red given by the MORTGAG~E or its suctessori or assigns, ~hali operate ~o ralease, distharge, modify change or affett the original liability of the MQRiGAGOR herein, eithcr in whole or in parf. 10. It 3~ spec~fically agreed that time is of tfin essence of this contratt end thal no weiver of eny obligation here~nder or of the obliflstion sr cured hereby shali at any time thereafter be he:d to be a waiver of the terma hereof or of the instrument secured he~by. 11. In add~tio~ to ihe forego;ng monthly payments of princ pal and interest required by the prom~ssory no!e sec~red hereby, mortgagor tovenants and agrees to pay ta mortgagee with each mornhly payrnent an add~iional sum est~mated by mortgagee to be equal to 1 j 12 of the annua! tost o4 the follow- ing: A-All real property taxes levi=d or assesscd against thc above described real estate. 9-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situete on the ebove described premises. C-Premiums on such mortc~age guaranty insurence as mortgagee shall from t~me to tirne deem fit to carry on the loan secured hereby. Mortgagee shail from t~me to t~me notify mcrtgagor in writ~ng of the amount c3~e and payable hereunder and a~~ch sum shall thereupon be due and payable nn the due date of the r.ext monthly payment and each successive month thereafter urtil mortgayee shall noti?y mor!gagor of a change in such amount. Such sums sha!I be applied by morigag~e toward the payment of teal pioperty taxe:, insurance pre~~ums, eiid mortgar~e guaranty insurance premiums. IN WIINESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yeer first aforesaid. ' iyned, 5ea d and d' ered in the presence ef: -l5eel) , (5eal) ,_._.Y. _ (5ea1) (Sea p STATE OF FLORIDA cou?~rr oF S a int Luc i e i~~ Before me peeraona!ly appearcd --~i C~lA ~ 1 T 1 mnth~ H~ 1 1 end Fye ly~,I.s2vee ~f 11 his wife, to me wel! known and known to me to be the individual• described in and who executed the foregoing instrument, and acknow!edged before me that they executed the same for the purposea lherein ex~ressed. And the s~i~1 VB ].~II er~yC~ ~.~_Z_~~ wife of the said Mir.hApl Timnt?iv Htl l__ . ~pon a separate and Frivet~r examination by me taken separate and apart from hzr said husband, acknowledged tu and before me that she executed said instrument freely and volun- tarily and without any compulsion, constraint, apprehensiGly cr fear of or from her said husband. WlTNE55 my hand and official seal shis_ ~ 7~J~ day of » A. D. 19_~ ~ _ z , :"•.f - ~ • Notary P ic in end for the 5tate of Florida et Large • , ~ , , My Gommission expires: ~ ~ ,~kiTu~'• ~ : ~ ~i . . jt ~7(~y'E Firc! Fs~eri}'+~avings bi ~oaA~I~tation D . , ^ ~ rD AND RECOR~E ~ , s~, i9~~ O~ -fort Pie,rce.: r j . ~ J~~ UfBi i,0. 0i s1: Y F~ PiCfC! - ~~ifj~ ~I~'" , ~~^M .,_L" 0 0 ~ ` ..v~~.:G.~ u, rtlitc:f, d J y ~ 3 r • ' ' t~~ ~ . . . . _ ` - . ~ / , - ~ `1 V '`1 EhG't"'^'" r. • i ~ p~~ ~ . 3 5 _ : ' T0~ `1~(n ~~`-i ^ r?' - • - - r ~ v t , i e'1 ..}e • . . ' . . - r:~v;.. " r~{_, ~:<,~~uyTY~K • ~ _ , , ~ i . LLCt~ C • , ~ ~~ORiDA - ~ . ~ R 125 433 :~r. ~ BooK . ~ _ ~ - - - -