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HomeMy WebLinkAbout1960 3. To piact •nd continuously keep on the buildinge now or Mr: aftar ?itwte o~ sa~d land and on al! equipmtnf ~nd ptnon~~~Y tow?~d by this rnwt~ p~, with •II premiums fllfflWl peid in full, fire inwrance in thc usual ~tandard po~icy form, in a sum ~pproved by tM MURiGAGEE, and wi~twm k~wr~nt~ In tM viual standard policy fam, in • sum approved by the MORTGAGEE, in such company or tompani~s es ~h~ MORTGAGfE may dir~dt and ell fi~• •nd windstorm insurante polic~ea on any of teid buildinq~, •ny intereet therein or part fhereof, in tM ~9greg~•t I~um i4w~:taid w M~xcys~ 1Mrwf, ~hatl tontain the usual standard mortgagee c~avse or iuch othe~ clav>e as the Mortgagse may requ~r~, makiny tha los~ under ~ud poli- cie~, ~+ch and every, p~yabte to s~id MORTGAGEE ss itf inlereat may ~ppear, and each and rvery auch pofiry shall be promptly ris gncd and d~'~vered to ,~ny Mld by i~id MORTGAGEE as fur~her security to aaid mortpaye dabt, snd, not I~u /Mn t~n (10) days in advance of the expiration of each p~licy, to dv- liwr to ~aid MCKtTGAGEE a renewal thsreof, topether with a rxe~pt for ehe pnmium of such ranewal; and thero shall be no fin or windar~rm insurance plapd on ~~y of s~id buildinqs, +ny intere~t therain w.part thereof, unlee~ in the forrt~ and with ths loss payable aa aforesaid; and in the event eny •um of monay beeomes pay~ble under suth po~icy or poli<iaa aaid MORTGAGEE shall have the option te ~eceive end apFty the same o~ account ui the indebted- ?»st ~etur~d htreby w ro permit said MORTGAGORS to receive end use it or eny part thercof for othcr purposes, rv~tho~t therro~ wa~ii~ig or ~mpair• fnp any pvity, lian w riqht under or by virtue of thia mortgage; ~nd in the ~vent said MORTGAGORS shall fw any reawn fail to keep the aaid premise• so insured, w fall to delivar promptly any of said policiea of iniuronce to said MORTGAGEE, or fail promptly to pay fulty any premium the~>fo~ or in any nap~cf f~il to p~rform, diuharge, exttute, +ffect, complete, tomply with and ~bids by this covenant, or any part h~reof, ssid MORTGAGEE rt,: v place and pr,.• fw iuch inwranc~ or any part thereof without waiviny or affettinp any option, lien, ~qvity, or ripht undx w by virtus of this Mortfla9e, and .'~e fvll ~mount of each ~nd evtry iuch payment shall be immediately dw snd paya5le and thall besr intere~t from ths date thereof until paid at the rate ot nine p~r cerrtum pe~ annum and together with such inrerest shalf be secvred by the lien of this rnortgage. ~ 4. To p~rmii, tommit or suffer no waste, impairment or deterioration af said property or eny part fhc~eaf. 5. To pay sll ~nd aingular the costs, charges and expenses, including a reasonable attarney'~ fee and costs of abstracts of title, incurred or paid at ~ny time by ~aid MORTGAGEE, betause or in the event of the failure nn the part of the :aid MORTGAGOR to duly, promptly and futly perfarm, di~charge. e:etute, effeC., completa, comply with and •b~a- by each and eve~y ~he etipulation~, agrcements, cvnditions, and covertsnts uf ~aid promisiory note and thu mort9aye any or ei~her, and said costs, chsrgra .~d ezpenses, eech and every, •hall be immediately due and payable; whether or not there be r,otice de~ mand, attempt to collect or suit pend+ng; and the ful' amount of each and every •uch payment shall bra~ interest from the date thereof until paid at ihe rate of nine per centum per annurn; and all said costa, charges and expenses incurred or paid, together with such interost, •hall be secured by the lien of thii mottD+9~• 6. That (a) in the event of any brasch of fhia Mortgage or defaull on the part of the MORTGAGOR, or (b) in the evenf any of u1d sumt of money hsrein referred to be not promptly and fuliy paid within thirty (30) days next after Ihe sama severally become due and peya6la, without demand or notice, or (t) in the evens eath and every the stipulationx, agreements, canditions and covenants of sa;d promissory note and th~s mortgage eny or either ere noi ~uly, peomptly end fully performed, d~scharged, exPCUted, effected, completed, comptied with and abided 5y, thnn in either or any such event the said ag preqsta wm mentioned in sa°d promissory note then rrmaining unpaid, with interest accrued, and a11 moneys setured hereby, shall become d~a and Fay able forthwith, or thereafter, at tha option of said MORTGAGEE, as fully and completely as if all of the said sums of money were oci9inally st~puleted ro be p+~id on such day, anything in said promissory note or ir this Mortgage to the contrary notwirh~tandinq; and thereupon or thereafter et the aptio~~ of ?~id MORTGAGEE, without notice or demand, auit at law or in zq~ity, therefore or thersafter begun, may be prosecuted ~s if ail moneyt te~ured hereby had matured pr~pr to its institution. 7. That i~ the event that at thm begi~ning of or at any timr pend~ng any s~it vpon th~s Mortgage, or to f~oreclose iir, or to reform il, or to enforte payment of any claims hereunder, ssid MORTGAGEE shall apply to the Court having jur~sdiction thereof fpr rhe appointment of a Reteiver, tuth Co~rt shell forthwith appoint a receiver of sai~i mwtgaged property all and singular, includ~ng all and singular the income, p~ofits, issues and revenues from whatever source derived, each and every uf which, it being expre~sly cnderstood, is hereby mortgaged as it spec;fica~ly set forth and described in the prsnting and habendum c!av~es hereof, and such Rece~iver ahall have a!I the brcad and effe~tive funct~ons and powers in anywise entrustrd by a Court tp • Reteiver, and such appoi~tmenf ahal! be made by such Court as an admltted equity and a matter of ebsalure right to said MORTGAGEE, and without rcference ro ths sdeqvacy o~ insdequaty of the value of the property mortgaged or to the sotvency or ~nsolvency of said MORTGAGOR or the defendants, and that suth renlt, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practite af iuch Coutt. 8. To duly, prempiiy and fully perforrn, discharge, execute, etiect, complete, comply witn and abide by each and every the stipulations, agteement~, conditions and ccvensnts in sa~d promiasory no4e and :his mortgage aet forth. 9. Thet in the event the ownership of the mortgaged premiees, or any part thereof, becomef vested in a perwn ather than the MORTGAGOR, the MORTGAGEE, its s~ccessors and assigrs, may, without notice ta ttie MORiGAOR, dPai with such auccessor or yuccessor in irteresf with reference to this mortgsge and the debt hereby secured in the same manner aa with Mo~tgagor without in any way vit~a~ing or cl;scharging the Mortgagors' liability hero- under or ~pon the debt hereby setured. No sale of the premises hereby mo~tgaged and no forbeerance on the part of the MbRTGAGEE or it• successora or aasigna and no exrension of the timr for the payment ot the debt hereby secured given by the MORTl3AGEE or its successors or assigns, ?hall operate to release, discharge, modify thange or affect the orig;nal liabil~ry of the MORTGAGOR herein, either in w~~oie or in parL 10. It is specifically agreed that time is of rhe essence of this contract and that no weiver of any obligation here~~rtder or of the obligation se- tvred hereby shall at any time thereafter be heid to be a waiver of the term~ hereof or of the instrumeN secured he~by. 11. in add~tion to the forego'ng monthly paymerts of princ'pa~ and interest required by the prom~ssory note secured hereby, martgayor tovenanto and agrees to pay to mortgagee w~th each monrhly pay~ ~ent an add~rional sum esr~n=.ated by mortgagee to be equal to 1 jl: of the annual cost of the fol~ow- ing: A-All real property taxes lev~ed or assessed aga;^.s` the above destribed real estate. B-Premiums on fire and windstorm insu arce as hern:n requ~red to be carried on the improvements sitvate on the above destribed preenises. C-Dremiumt on such mortgage guaranty ~c~urance as mortgagee shall from t me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to t~me notity mertgagor in wr~t~ng of the amount due and payable hereundrr and such ;~-n shail thereupon be due and payab~e on the due date of the n>xt month;y pa~ment and each successive month tFereatter vntil mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real properry texes, insurance prem;ums, a~id mortgage guaronty insurence premivms. I 1111TNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seaf the dey and year first aforesaid. gned, 5 led an ivered ' the presence of: (beel) . 45eei) . (5ea~) (5eel) STATE QF FLORIDA cour~rY oF Saint Lucie ~ fiefore me personally appeared ~Q.: ~@3f FZ'et1~S S ~e 9 end j~_rt~thv S"~99 his w~fe, to me well known and known to me to be the individue~s deacribed in and who exetuted the foregoing instrument, a~d acknowledged before me that they executed the same for the purposes therein expressed. Ard the said DorQ~hy sS ~ 8~ wife of the said Wa s ley Frank 5 ia s , ~pon a separete and private exam+nstion by me taken sepa:ate and apart from her said husband, acknowledged to ar,d before me that she executed said irstrument freely and volun~ tarily and without any compulsion, constraint, apprehension, or feer of or from her said husband. WITNESS my hand and officlsl Yeai this__..~.~r'l~+- dey of_ ~SE PT~ M~G~ A. D. 19~ ~ otary Public~ ~and for the Stitq~i~~HQuda at.larg~~, , y Comm;ssion expires: ^ . _ Retum To: L~~ . Fint Federal Savings 3 lo~n Auociatiop.lL ~t E`.0 D~ ' ~ - J, Q( Fort Pierce. ~ r ~ 9 0 0 K : oRioa.at u~a~E - Fort ?iecce, florida N ^ ` (~4TARY HUg~~~~ ~A~ ~ ~ ~f~Q ~~~t~,u/ R!y C'JMMiSSIGN D!~lRES AFf~. ,1~4,, 14~9~ ~ C_ ; ~ O ~ r. J l~ ~ . ~ '65 SEP 7 AM 10 : 0 . . ~ ~ , ~ . . - ~ . ~ _ ~_u~ ~ ~ i . - ~ ROGER FCf i RAS, CLERK ~ ~ - ST. l.UC1E COUNTY. ~ ~ ~ - ~ ' FLORIOA . . . ~ . ~o~K 126 ~.58 ~ ~ - - 1 _