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HomeMy WebLinkAbout0550 3. Te plsa ~nd oontin~ousty kt~p nn the buildinqs naw w hNeahN utwh on s~id i+?~d ~nd on all equipmrnt ~nd p~nonally townd by this mori¢ p~, with all pnmiums tMnon p~id in f~+~~. fira insurann in the uswl aandard policy fam, in a sum approv~d by thr MORTGAGEE, and windstwm IrMwarwu it? tM uxwl ~1~ndand policy fam. in i wm approv~d by tl+s MORTCsl~GEE, i~ s~ch comp~ny or companiy a~ t?w MORTCsI?GEE may dincy ~~d ~II fir~ a!+d windssam inwr~e+cr polk;er on any of taid bvlldinqa, ~ny interat thacein or part tMreof, in tl+~ ~qyrp~q wm ~farssid ~x in ucpa tMnof, st+~ll tor+t~in th~ wwl ~tandud mortgaqee claua o. such arhe~ cisure ss the Mortqsyes may requ~rt, m+kiny the losa und~+ s+~d Po14 tiu, rath and ~wry, pay+bl~ tn ~aid MOltTGAGEE a~ its inte~eit may ~pp~+r, and eeth and every such poiicy shall b~ promptly aw:qn~d and d~livN~d to ,~r~y hdd by ai.i MORTG/?GEE s furiMr ~tcurity to wid moctya9~ d~bt +nd. not ~~u th+n t~~ (10) days in edwnce ot the expiration of s~ch pol~cy, to dr ~v tp arid MpRTGAGEE ~ nnrw~l fMrwf. topeti+M v.ith • rxeipl ior the prumium af ~vch renewal; end t}wre sMll b~ no firt or windatorm insuranct pl~pd on ~ny of t~id buildirgs, any i~ter~tt ther~in w part thereof, unieu in tM form and with tM loa~ p+y+bie as afw~ssid; •nd in the evenf ~ny tum of mwMy b~tpme~ payabl~ ur~r wch polley or policiss aid MORTGAGEE sfiall Mw th~ opt~on to reteiva and apply the iama on account of the ind~bted- nqt s~tu?ad M~tby w to p~m+it ~sid MORTGAGOR5 to rtceive and use lt or any parl thrreof for oti+e~ purpases, wi±hout the~eb~ waivi~~g or impair- lap ~ny pvity, lirn a riqht ~ndw a by virtw of thi~ mortyyr; and in tiw ~vent aaid MORTGAGORS sMll for any reason fail ro keep the uid pn~nises so Irovr~d, or f~fl 1o delivK promptly any of said po~kies of i~svra~ce to said MCRTGAGEE, w fail promptly to pay fully any pramium therefor or 1n snY ?pp~ct iail w p~rfwm, dist!rorqe, ~x~arto, afiect, tompl~t~. comP~Y with and ab~ ~ Nlli WYOM/11, w any part hereof, said MORTGAGEE may place end pay fo~ ~uch inwra~ or any p~tl tMr~of without w~ivinq w affKfir+p any option, li~a, equity, o? riyht vnder ot by viAut of this N1oHyay~, ~nd tl~e full N+wunt of wch and sv+ry wch payrr?~nt shall br imrnadi+telY dw +~rd paYa61~ and ~hall b~ar inte.eat from tM d~t~ thereof until paid n ths rst~ oi nin~ p~r canlum per ~nnum ~nd toqether with suth interest shall be socurad by tM lien of thi~ mottpaqe. 4. 1'o psrmit, commit a wfh~ no wast~, impairment w det~rioration of ~~id propsrty or eny part thereof. 5. To pay al) and ilnpulq ttwr cwt~. tharye~ snd expen+ea. includiny a reason~ble ~ttwney'a fee and co~ts of rbstrocts of tiNe, incvned w p+~d ~t ~ny tirrk by ~aid MORTGAGEE, b~tawe a in the event of tha failure on the p~rt of tM said MORTGAGOR to duly, promptly ~nd fully p~riwm, d~uhsrqe, ~x~cu», ~fhct, canpleM, comply with and ~b~de by e~ch and evsry the stipul~tions, ~qreements, conditiom, and covenants of said promiswry note and this enortqay~ any or either, snd aaid cosb, charpes ~nd expanses, each and every, shall be immtdiate~y due and p~yable; whether or not there be r~otica do- m~nd, afhmpt to colktt or wit pendi~g; and the full srtwunt of esch artd evsry such paymero ~hall bear interei~ from tfie date thereof until psid at the rate of nina per centum per ~~~num; ar+d all said cortt, charge~ artd expanses incurred ar paid, together with such interpt, shall be iscvred by tha li~n of thi~ ~~9+0~• 6. That in tha ~veM of ~ny kx~ach of thit Mortqay~ o? default o~ ihe pa+t of the MORTGAGQR, or (b) in the evenf any of u1d •ums of rrwnsy hKNn refsrred to be not promprty and tully paid within thirty (30) day~ next after the same severatly betoma due and payable, without demand or notice, w(~ In tM ~vent esth ~nd ewry the itipulatio~s, sgrt~ments, condition~ and covenants of se~d promissory note and this martgage eny w either are nat ~u~y, promptly ~nd fully pei~ormed, diacharged, exxuted, etfeded, cgp~pl~ted, cnmplied with and abided by, fhen in either or any wch evtnt th~ said ap~ prpate wm rr~ntinnad in uid promissory note then remaining unpa~, with interest accrued, and all moneya secursd. hereby, shall become due and pay ~bl~ forthwith, or ther~aN~r, at the option of ~aid MORTGAGEE, as fully snd completely as if all of the said suma of money were oriqinally ttipulated to b~ paid on ~uch day, anythiny in satd promi:sory note or in this Mortgage to ths contrary notwithstsnding; and theraupon or thereafter at the eptian of ~id MORTGAGEE, witho~t notice or dem~nd, suit st law nr in eqvity, therefore or thereafter 6egun, may be prexcuted as if all mvney~ ~ecured hereby hatl matvr~d priw to its Fnatitution. 7. That fn the eve~~: that at the baginnir~q of or at eny time pendinq any suit upon thi~ Mortgage, or to fweclos~ it, or to reform It, or to enforc~ p~yrt~ent of a~y daims Mrevnder, s~id MORTGAGEE ahall apply to the Court having jurisdiction thereof far the appointmenf of • Receiver, ~~th Co~rt shsll forthwith ~ppoint e rxeiv~r of iai mortyaged property ell and singUlar, includ~ng all and singular tha income, profits, iss~ei and revenues from whatevtr wurce derivad, each and evary o~which, it being sxprestly understood, is hereby mortgaged as if tpecifically set forth snd deuribed in the yr~ntinq and habendum tlautes hereof, snd wth (ttceiwr ahell have all the broad and effect#ve functions and powers in anywiae entrusted by a Court tp a Receiver, and wch appointment thall b~ made by such Co~rt as ~n admitted equity and a matter of absolute right to wid MORTGAGEE, +~d w+thout teferance to the ~dequacy w insdaquacy of tha value of the property mortgaged or to the solvency or intolventy of said MORTGAGOR or the defendants, and thet tuch rents, profita, Income, iuues snd r~v~nues ahall ba applied by such Receiver accordinq to the iien or equity af iaid MORiGAGEE and the practiu of ~uch Cevrt. 8. To duly, promptly and fully p~rform, diuharge, e:ecute, effect, complesa, tomply with and abide by each snd every the stipulations, rgreement~, so!!d:!iois ~nd covenenta in said pcomissory note and this mortgage iet forth. 9. That in ths event the ownership of the mortgayed premises, or any part thereof, becomes vested in a perwn othcr than ihe MORIGAGOR, the MqRTGAGEE, itf tucteuors and aasiqm, mey, without notice to the MORTGAOR, desl with wch autcessar or wcceesar in interest with referrnte to this morty~ys and the debt hereby tecured in the same manner as with Mortgagor without in eny way vitiating or diitharqing the Mortgagors' liability herf- under or ~pon iM debt hereby setured. No aale of the premisea hereby mortgaged and no forbearance on the pert of the MORTGAGEE or it• suctessor~ or eesig~s ~nd no extrns~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or it~ successors or astigni, shall operate to r~leae, dixharfls, modify chsnge or affect the original liabiiity of the MORTGAGOR herein, either in whole or in part. 10. It ia tpecifically aqreed that time is of the essence of this controct and that no waiver of any obligat~on hereunder or of the oblipatior. :e- Curtd h~reby ~hall at sny time thereafter b~ held tn be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego;ng mcntnly payments of p~inc'pat and interest re~ulred by the prom~ssory note secured hereby, mortqagor covenants and oqrBes to pay to mortgegee with each monthiy payment an additio~al sum estimated by mortgagee to be equal to 1; 12 of the annual cost of the follow- ing: A-All real property taxes levied or essessed against thc above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carrie~ on the improvement~ situate on the above described premises. C--Premiumt on suth mortgage guaranty insurer,ce as mortgagee sha(I from t~me to time deem tit to cerry on the ioan ~ecured hereby. Mortgagee shall from iime to time notify mortgr.gor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthiy payment and eech successive month thereaifer ~ntil mortgagee sFall notify mortgagor of a change in such amount. 5uth sums fhall be applierl by mortgagee toward the Fayment of real property taAes, insurance prtm~ums, and mortgage guaranty insutance premiurttf. N WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ipn~d, 1ad elivar ip the prr~ence of: ~ ~ 5eal) - ~ I) 5~a1) (Seai) STATE Of FLORIpA ~ Saint Lucie touNrv oF ~ dafwe me personelly eppeared George LaChape l~e ~ a~d Jo~~,phine LaCheFelle his wife, to me well known and k~own to me to be the indiwidual~ described in and who exetuted the fnreqoinq instrument, x?tl acknowledged before me that they executeci she same for the purposes , therein expreued. And the said Jo ~enhine LaCha~pe lle _ _ ~pon a se arete and nvate ~ W~fe of rne .~cd _ George LaCha~.e llp R P' exemination by me taken aeparate and apart from her said hueband, ecknowledged to end before me that sfie executed said instrument freely er,d vol~n- tiri~y ~nd without sny compul~ion, constraint, apprehention, or fear of or from her said huaband. WITNESS my hand and official seal this - day f_ ~',I-' - ~ R- 1 . - Notary Pub~ic in end for the State of~~~dn at Lwye My Commission ezpira~: ~ ' , ' Return To: ~ I L~ A 0 E C E D . Fint Federal 5avi~gi 6 Loan Aswciation ~ ~ _ . 9f Fort P~erce. R O O K , For~ Pirrce. Florida MY7 (',QMMI$UC. STA1E o? ~(,pRIGJt-~}'~qR~E' ~ , ~ : '~5 sro~ ~xaiRes , - _ . Oq' ! ?~3 Z : 2 2 1 ~ ~%s' ~ 4?~i'` . ,f~ .~_~~i~ i . ~ = FiOGCn ,'GI ~ i~:~:,. Cl.~RK ~ r ~ ..f ST. LUCIE COUNTY, ~ Y- FLi~RlDA . ~ r::; ~ , ~ ~ ~ ~ . ' ' 0 R ~n . - ~ BOOK ~JU ~ ~ ...•1c;~,,~~` ' - - - . Y~.~~ i _ - _