Loading...
HomeMy WebLinkAbout1637 J. To plae~ end eontinuo~tly k~tp ai the buildtngs now or heresher i~tuate on said la~+d ~nd on all sqvipmeM ~nd p~rson~~~Y ccvw~d bY lhis morp- p~, wifh tll pr~miuml theno~ paid in full, fira inaurance in the usuai standard policy fwm, i~ s sum approwd by the MOR7GAGEE, ~nd w+n~to~m M»w~nc~ In tl+~ uswl standard policy fwm, in a sum approved by the MORTGAGEE, in auch tomp~ny or comp~nut as tM MOIFTGAGEE rn~y dirM1 ad all fi?~e ~nd wind~rorm iniur~nte po~~cies o~ eny of said build~nqs, ~ny intar~rsf tfierein or p~rt th~rtof, in tM rqyrtqate wm afa~said ot h~ ~xps~ ?h~nof, ~hall cont~im the usval ste~dard morfgagee clau~e or such othsr cl~uie as th~ MortyiqN msy require, mskinq tl+~ loa u~ said polF ciM, ~ath ~nd ewry, p+yabl~ fo said MORTGAGEE as its inferest may appea~, and each and ~very ~uch policy ahall b~ promptly aa:yn~d •nd d~~iwred ~o any Mld by aid MORTGAGEE a~ further security to isid ~~ortgaye debt, and, not les~ than ten (10) days in advantt of tF+~ expir~tion of each policy, to dr (ivw to s~id MORtGAGEE + nn~wal thereof, togeth~r with a rece~pt for the premium of ~uch ronew~l; end ther~ ihall br no fira or windsrorm insurarx~ platyd on a~y of s~id buildinp~, rny interest thcrein or part thereof, unless in the form and with the losa p~yabl~ as sfor~said; and in the ev~nt any tu~ of mon~y b~cwr~s payable und~r such policy or policies seid MORTGAGEE shall have the optio~ to rrceive end ~pply the sama on atcounl of the indebtecl~ rxu a~cured Mr~by w to p~rn'+i? said MORTGAGORS to reteive and use it w any part thereof for othcr purposes, wirF~out thereb~ waiving or impair- iny any pv~ty, li~n or ii~ht under or by virtw of this ma:!gage; and in the event said MOitTGAGORS ~hell for any rtason fail to keep tM said premises so i^wred, or fail fo deliver promptly any of taid policies oi insurance to said Mf7RTGAGEE, or fail promptly to pay fully any premium thsvefor o~ in a~y r~spact f~il ro paform, dixFw~9e, ~x~cuts, effect, complete, comply with and sbids by this covenant, w any p~rt herwf, s~id MORTGAGEE may plac~ snd K+ay for such irquranc~ or ~ny part tMreof withoW waiving or affectinq any option, lisn, equity, ~t riqht under w by virtw of thi~ Mortqaqe, and thc fulf amount of ~ach ai+d ewry s~th payment shall be immediately d~e and p+iyable ar~d ihall bear intereat from 11» dat~ tAereof until paid at the rat~ of nine per tentum p~r annum and together with suth interesr sha{I be secured by the 1i~n of th+s mortqagle. 4. To p~rmit, commif or suffer no wasts, impalrment or deter~orat~on of eaid ptoperty or any part thereof. S. 7n p~y all a~d iinq~lar ths costs, charges and expenses, including a reaaonable attorney's fee and tott~ of ~bstratri of title, incvrc~d or paid ~t ~ny tima by said MORTGAGEE, because or in the event of the failure on the pa?t of the taid MORTGAGOR to duly, promptly and fully psrform, d~uharq~. execute, sffsct, complete, tomply with a~d ab~de by each and every the sripulations, agreements, conditio»i, and cownsnri of ~aid promissory not~ and thi~ mortyage any or e~the~, and iuid costs, chsrges and expenses, each and every, shatl be immediately due and pay~ble; whether or not thera be roti~e d~ mand, ~ttempt to collett or euit pe~d~ng; and the fulf amount of each and every such psyment shalt bea. int~r~st from th~ dste tMrwf until p~ld at th~ rate of nine per centum per annum; and all said costs, charges and expenses irxvrred w paid, together with such iatsrp~, sMll br t~cur~d by tM li~n of thi~ mortpay~. 6. That (a) in the event of ar.y breach af this Mortgage or default on the pa.t of the MORTGAGOR, or (b) in tM ~vant ~ny of iaid ~~nu of moMy herein referred to be not promptly and fully paid within th~rty i301 days next a4ter the same severally become due •nd payabls, without d~m~nd or notit~, or (t) in tha event esch and every the stipulations, ngreements, conditions and :ovenanta of sa~d promissory note and thit martqaqa ~~y w aitMr ~r~r no1 ~uly, promptly ~nd fully performed, discharged, ezecuted, effected, completed, comptied with a~d abided by, then in ~itMr or ~ny ~uth ~v~nt 1M ~~:d a¢ pregatt sum rnentioned in asid promissory note then remaining unpa~d, with in!erest acc~ued, and all moneys sstur~d. hersby, ~hal) be^om~ dve ~nd p+y, •bl~ forthwirh, or thereafter, at the option of said MORTGAGEE, as fully and completely as if al! of the ~a'd t~rrr of money w~r~ oriyin~lly ttipulat~d to bs peid on wch day, anythinp in said promissory note or in this Mortgage to the Contrary notwithat~ndinq; and tl+~r~upon or thereshtr at ihe Op~ion of taid MORTGAGEE, without notite or demand, suit at law or in equ~ty, therefore or thereafrer begun, may b~ prosetut~d lf all moneys ~et~r~d htr~by had mat~rec! prior ta iq institution. 7. That ip tM event that ~t the beginning of or at any time pc~ding any suit upon tfiis Mort~age, or to fweclos~ It, or to rtform tt, or to ~nforp payment of any cl~ims h~re~ndar, siid MORTGAGEE shall apply to the Court having jurisd~ction theraof for ths appointm~nt of a RKeiver, ruch Court •hsli Forthwith sppoint a receiver of taijl mortqaged property all and singular, includ~ng all and singular the inmrtx, profits, istuq •nd rev~nuss from whst~v~r wurte derivrd, aeth and every of which, it bei~g expres:!y ~ndersfood, is hereby mortgaged as if spetificatly set forth and describ~d tn tM pra~tinp •nd ha5endum tfauset hereof, snd suth Reteiver shall have af~ the broad and effective funct~ons and powen in enywit~ entru~t~d by a Cou~t tQ a Rftelv~r, and ~uch appointment shall be matie by auch Couri as an acimitted equity and a matter of absol~te riqht tn ssid M~7RTGAGEE, •nd without ~tfennc~ to tfie adequacy w inadequacy of the vslue of the property mo~tgaged or to the solvency or insolvency of ~aid MpRTGAGOR or the defsndan», ~nd that suth rent~, profits, intome, issues and revenuea shall be appl~ed by such Receiver accerding to the lien or equity ef aid MORTGAGEE and tha practiu of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, tomplete, comply wiih and abide by aach and ~very tl~s ttipulatians, agrwments, conditions snd covensnts in seid promissory note and this morigage set forth. ' 4. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vest~d in • penon other tfian fh~ MORTGAGOR, th~ MORTGAGEE, it~ tutcessors and assigns, mey, withaut no!ice to the ~'NQRTGAOR, deal with such •utcessor or ~uceetfor in intertst with r~fer~nca to this mortg~qe end the debt hereby secured in the same manrer as witFi Mortgagor without in eny way vitiating or diuh~r9iny thr Mortqayon' li~bility htrp ur,der or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbaarsnte on the part of fhe MORiGAGEE or it~ ~uctes~ori or euignt •nd no extension of the time for the payment of the debt h~reby secured given by the MOR7Gf.GEE or its tuttet~ors or auigns, ihall operats 1o release, disrherfle, modify change or affett the original I:ability of the MORTGAGOR herein, either in whole or in put. !0. It is ~petifically egreed that time is of the essence of this contract and that no waiver af any obliyation hereunder ot of th~ obiipation se- tured hereby shsll et any time thereafter be held to be a waiw:r of the terms hereof or of the insrrument iecured htrby. 11. In addition to the forego:ng m~nthly payments of princ'pal and inferest required by ihe promiswry note secured hereby, mortqegor tov~nant~ and ag~ees to pay to mcrtgegee with each month.y payrnem an adu:rional sum est~mated by mortgagee to be equal to 1/12 of the annwl tost of tha foflow- ing: A-All real property taxes levied or assessed against the aEave described real estate. B-Premiums on fire and windstorm insurar.ce as herz;n requ~red to be carried on the improvement~ situate on the above described pnmises. C-premiums on such mongage guaranty insurance as mortgagee shall from t"me to time deem fit to csrry on the loan ~ecured hereby. Mortgagee shall from time to time norify merrgager In wr~tir.g of the amouot due and payable hereunder and such sum shall thereupon ba due and payable on the due date of the next monthly payment and each successive month rhereafter ur.til mortgagee shall notify mortgagor of a chang• in such amount. Such suma shall be applied by mortgagee toward the payment of rea! praperty taxes, insurance prem;ums, and mortqepe quarsnty insurart~ premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has here~~to set his har,d and seal the dey and y~ar first sforesaid. $i Saa nd ive d'n the presence of: ~ ~ ~ti.J . af) i _ (S~~I) ~Sesl) _ (Seaq STATE OF FLORIDA ~ . couNrr oF Saint Lucia i Before me panonaily appeared Lillian v• Speneer, A 8~11R18 adul~ end irH~ife, to me well known and known to me to bs the individue described in end who executed the foregoing instrument, and acknowledged before me tfiat ti~ ~xecuted the same for the purpose~ ~Il therein expressed. t~lnd~rhe'sef~ ~aif~ vf-thb"seld ~ U¢~~'!!~'S?!tR' ef~ p?16~1d" ea..inar~n~r/ •?e1~ew ~~.s1o-aw~ epvrr froi+rhrr-~e;~ 4n~sbend-eckne~viedge~ te-enCF-before ~me Ther'sMe-e7CCTtrtld stRH'tASmmrlltrl'rellq ~rtd~II1Sn- -~a.+yr ~r~-.,ri#wer-a~T ew.,pu?siee,- evi+:naR,r, ~pptrhrnsfofr,-or iPar~bt er"fronr fser sardl,os~arni. ~ WITNt55 my hand and otficial seal this_ day of A. b. 19~_ ~ - _ Notary P~b ic ~n and for the State of Ftorida ~t Larye My Comm?ssion expiret: Ref~rn ro: ~ ~ Notery Publi^, State of Flor!~a at larRe firtt federal Savings & Loan Aawciation ~ Ea~.O~~~' Wiy COmm 55iGtt cxD'.•e5 ivOV. 3, 1965 Of Fort P~erce. .~,~"~C,pl ~GCD~~~OK Bonded ~y i+~tter~an Sure'~ Co. O' Y. .'po?t' Pitrce. Florida f ~ _ ~ - J : ~ - ~ ~ ~ Z1 PM 3 : 35 ~ ~ :r,^. . , , ~ , a,~., . ~ 3 ~ ~ . ; ~ ; , p ; _ s5 , . " ~ ~ - ~ • : ~~ERK > ' . . ~ RO~~~` Cp~NTY. ~ . . ~ . . - Sl'. I.UC~ ' - . . - - , . FI..ORID~ ~ BG~K `3~5 ~ . v : ~f,~~ • .