HomeMy WebLinkAbout0625 3. To ~lece end continuovsly keep on the buildinga now or hereafter ~ituete on said land snd on •li cquipment ~nd perti0~~~~y covered by thi~ morty
p~, with all premium• thereon pa~d in fufl, fire insurance ~n ~he usual standard pollcy form, in • sum approved by the MORfGAGEE, and windstorm
lenvrance in fhe usual •tandard pol~cy form, in a sum a~proved by the MORTGAGEE, in ~uch company or companiei es the 410RTGACsEE may
dirset; and sll fin and ~vindatorm insurance policie~ on any of said 6uild~ngs, any interest therein or perl therecf, in the sygregare •um aforrfaid or
in ~xce» thereof, shall contai~ the usual standard mortyagee clause or such other cla~se es the Mortgagee may require, meking Ihc lo» under ~a~d pol'r
ciss, each and svtrry, payabie to seid MORTGAGEE as its interest may appear, a~d each and every s~ch policy shall be promptly ass.gned snd delivered ~o
•ny held by ssid MORTGAGEE as further security to said mortgage debt, and, not less than te:i (10) days in advance of the expiration of each policy, to de-
liv~r to said MORTGAGEE a renewai thereof, togerher with a receip~ for ihe premium oi such renewaS; and there shall be no f~re or winds~orm insurance
pl~ced on any of said buildings, any i~terest therain or part thereof, un!ess in thc form and with the loss payab~e as aforesaid; and in the event any sum
of mortey becomes payable ~nder such policy or poGcies said rAORTGAGEE shall have the option to receive and apply the same on aaouN of the inderted-
n~u secured Mreby or ro permit ae~d MORTGAGORS ~o r~ceive and use it ~r any part thereo4 for other p~rposes, wiihout iharro~ ~vai~;ng o~ nnpair-
inq any equity, lien or riyht under ar by virtve oj this mortgaye; end in the event seld MbRTGAGORS shall far any reason fail to keep the said premfses so
intured, or fail to deliver promptly any of said policies of insurance to said MORYGAGEE, or fail promptly to pay f~lly any premi~m therefor or in any
r~spsct fail ro perform, discharge, execute, affect, compiete, comply wirh end abide by thi~ cavenaN, or any part hereof, said MORTGAGEE may p~acz and
pay for tuch insurance or eny pari thereof without waiving or affecting any option, lien, equity, or r~ght under or by virtue of this Mortqage, and the
full emount of aath and every tuch payment shatl be immediately due and payable and shall bear interest from the date thereof unril paid at the rate ol
nine per centum per annum and together with svch interest shaii be secured by the lien of this mortgage.
4. To permit, tommit or suffer no waste, impairment or deterio:ation of said property or any part thereof.
5. To pay all and singular the costs, cherges and expenses, induding a reasonable attomey's fee and costs of abstrac!s of title, incurred or paid at
eny time by faid MORTGAGEE, because or in the event of the failure on the part of the said M~RTGAGOR fo duly, pror.~ptly and fully perforrn, d~scharqa,
•xetuTe, effec?, tomplete, comply with and ab;de by eath and every the stipulations, agreements, cond~tions, and tovenants of said prornissory note and th~s
mortpaye any or either, and said costs, charges and expenaes, eacfi and every, shall be immediatziy d~~~ and payable; whether or not there be norice da
mand, attempt to collect or ~uit pending; and the full amo~n! of each and every such payment sha;i bear interest trom tfie date thereof until paid at the
rete of nine per centum per an~wm; and all said coats, charges and expe~ses inwrred or paid, together wrth such interest, shall be secured by the lien of thi•
mortya9e.
6. That (a) in the event of any breach of this Mortgage or defauit on the part of the MORTGAGOR, cr (b) in the event any of said sums of money
heratn referred to be not promptiy and fuily paid within th~rty (30} days next afier the same severa!ty become due and payable, without demar.d or nc:ice,
ot (c) In the event each and every the stipulations, agreements, conditions and covenants of sa,d promissory note and th~s morlgage eny or either are no1
~uly, promptiy end fully performed, discharged, executed, effected, completed, complied with and ab~ded yy, then in either or any such evrnt ihe •aid ag-
pregate tum mentioned in eaid promissory n~te ihen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay
able forthwith, ar thereafter, at the option of said MORTGAGEE, as fully and comptetely as if all of the said sums of money were o~iginally stlpulated
to be paid on such day, anything in sa;d p~om~ssory note or in this Mortgage to the contrary notwirhstanding; and thereupon or thereafiter at thr opnon of
feid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneya secured heroby
had matured pnor to its inst~t~tion.
7. 7het in the event ?hat at the beginning of or at any time pending any suit upon this Mortgage, or to forecloae it, or to referm it, or to enforce
payment of any claims hereunder, said MORiGAGEE shall apply to the Court having jurisdiction thereoi for the appo~ntment of a Re:eiver, such Coun shail
Forthwith sppoint e receiver of saiFl mortgaged property all and singular, includ~ng all and s~ngutar the income, piof~ts, issues and revenues from what~ver
wurce derived, each and every of whfch, it being expressly undersioed, is hereby mortgaged zs if sper~fically set forfh and deacribed in the granting and
habendum c!auses here~f, and wch Receiver shall have atl th.e b~oad and effective f~nc~~ons and powers in anyw~se entrusted by a Court to a Receiver, and
tuch appointment shall be made by such Court as an admitted equity and a matrer of absel~te right !o said MORTGAGEE, and without reference to the
~dequacy or inadequacy of the value of rhe properiy mortgaged or tu the so;vency or fnsolvency of said ARORTGAGOR or the defendanta, and rhat wch
rentt, profits, income, issues and revanues shai! be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and th~ practice of such
Coutt. .
8. To duly, promptly and f~lly perform, di5:harge, execute, effect, comp~ete, comply with and abide by eath and every the stipulations, agreements,
to~ditiens and covenants in said promissory note and this morrgage set iorth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a peraon other than ihe MORTGAGOR, the
MOR7GAGEE, ita successors and assigns, may, witheut notice to th~ MORTG.40R, deal with SUCI1 successor or wcceeior in interest with refere~ce to thia
mortgage and the de6t hereby aecured in the same mannec as wlth Mor;gagor without in any •Nay vit;ating or dixhargfng the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the Fremisee he:eby mortgaged ard no forbearance on the pan of the MORTGAGEE or its svccessors
or easigns and no extension of the time for the payment of the debi hereby sec~red g~ven by the MORTGAGEE or its success~rs or assigns, sliali operate
" 1o release, discherge, modify change or affect the origlnal liau~i~~y of the MORTGAGOR here~n, either in whole or in part.
10. It is epecitically agreed that time is of the rssence of th~s contracr and tt,at no v~aiver of any obligarien hereunder o! of tha obliQation se-
cvrod hereby ahatl at eny time thereafter be hefd to be a waivcr of the terms hereof or of the instrumem secured herby.
11. In add~lio~ to the forego'ng mon!hly paymsnts of princ paI and irrt=rest required by the prom:ss.ry no!e secured hereby, mo!tgagar covenants
and egrees to pay to mortgagee wrth each rr,onrhiy payrnenr a~~ add~rional s~m es!~mared by morigagee to be eq~ai to 1; 12 of the annua! cost oi ihe follow-
ing:
A-All real propzrty taxas lev+ed or assessed agai•~st thc aco~e described rral estate.
B--Pra•riums on fire ar.d windstorm ~nsurar.ce as herein requ~red ro be carried on the imp~ovementa situate on the above d~stribed premises.
C-Premiums en such mortgage guaranty ir.suraoce as mortgagee shail f~on. t me to ti~ne deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time norify mortgagcr in writl~~p of the amcu~t du^ and oayable hereundar and such s~m shall thereupon be due and
payable on the d~e date of the next monthly payment and each successive monrh thereafhzr until mertgagee shall notify mortgagor of a change in such
amuunt, Such sums sha;l be app!ied by mortgagee toward th? payment of real preperry ta,ees, ins~rance prem;ums, and mortgage guaranty inaurance
premiums.
IN WI7NE55 WHEREOF, the said MORTGAGCR has hereunto set his hand and seal the day and year first aforesa .
5igp~d, Se d and livered ' he pre ence of: ~
/ -(5eel)
~ -v (Seal)
(Sael)
- ? - (Seal?
STATE OF FLORIDA ~ .
SS.
COUNTY OF S~? nt I,UC~6 ~
Before me personally appeared Y~~.$ D Di~kson and
F s~ e l l~r .er . Pi 1C 9 OB1 his wife, to me well known and known to me to be
tha individuals descri~ed in and who executed the foregoing instrument, and acknvwiedged before me that they executed the same for the purposes
Fst;elle S. Dickson
lherein expresred. And the said_
wife of the taid Youn~z D. ~1C~{B~T! , u~on a separate and privato
examinat~on by me taken separate and apart from her said hus and, acknowledged to and before me that ahe executed said instr~ment fteely ar.d volun-
teriiy snd withuut e~y compu~sion, constraint, apprehens~on, o fear of or from her said husband.
; WITNE55 my hand and official saal this_ ~m' day of October , A. D. 19~_
~ ~ -
Notary Public in and for the State of F{orida at Large
, My Ccmmission expire ~
Rcru~n 70: ~otary Pu~,I c, S!ate of F!or:da at la~ ~e
FIL ,~~_gF.aORDED r:;y ~.o~„~~, ;s o~, r.s ~~io~._
First Federal $avings & Loan Association ~O~ O O K SondeJ Ly Ar. ~~r,cdn Stjr.ety .l;o. Of i~t_ 1"_.
Of Fort P~erce. - '
FQrt:'P~er,ce~~.~'tsr3tlq, `\~~~`~~n ~11I.-i; i. ,
i~.~~t• .I,
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: tss or,T y ~o : 57 ~ ,~.,.e
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ROG` r~ F;;; i n:~~.~>. CL~.RK t~ T o`
. ~ . ST. LUCIE COUNTY,
~ FLORI~A I',',~.
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