Loading...
HomeMy WebLinkAbout0627 3. To pisc~ and cunt(nuously keep on the buildings now or hereaftei •~tuate on sa~d la~x1 and on a~i equipment end person~lly covered bv thi• mortg- ~ye, with •I) premium~ thereon pa~d in full, fire insurance ~n the us~al standa~d po~ity form, in ~ aum approved by the MOR~GAGEE, a~d windatorm iniur~nt~ in the usual srandartl polity form, in a sum approved by ~he MORiGAGEE, in ~uch compeny or ccmpeniea a~ the MORTGAGEE meY direct; snd all firo and windatorm in~~rance policies on any of ~aid buiiding~, any imerest theroin or part thereo}, in the aggregate sum sfore~aid or !n ~~ecets thereof, thall tontain the us~al standard mortgagee elause or such other tlause as the Mortyagee mey requ~re, mak~nfl the los~ unde~ fa~d poli- dei, eich •nd svery, payable to ~sid MORTGAGEE as ~ts interest may appear, and each and every such poi~cy ~hall be promptly ass.gr.ed a~d delivered ~o ~ny held by said MORTGAGEE as fu~ther se<urity to said n,ortgage debt, and, not lesa than ten (10) days in advance oi the expiration of each policy, to de- livet fo aaid MC7RTGAGEE a renewal fhereof, tagether with a recr~pt for the premium of such renewal; and therr shall be no fira or windxtorm insurancn pl~ced on •ny of said buildings, any intcrest therein or part rhereof, , ilese in the form and with the loas payab!e as afc~csaid; and in the event any sum of money becomef peyable vnder such policy or policies said MC~RTGAGEE ~hall have the opNon ro receive and apply the seme on accovnt of the indebted- Mu tetured hereby ot to plrmit taid MORTGAGORS to reteivr and we it or any pan thereof for otner p~~poses, wi!ho~t thz~ri~,r warvi~~9 ur unpair- inq any puity, lien or right under ot by virtue af thi• mortgage; and in the event aaid MORfGAGORS shall for any reason fail t~ ketp the said premises so insured, or fsil to deliver promptly any of said policies ef insurance to said MORTGAGEE, or fa~i promptly to pay fully any premi~m therefor or in a~y respect fail to perform, di~charge, execute, effect, complate, comply with and abide by thii covenant, or any part hareof, said MORTGAGEE may place a~~d pay for such in~urance or any part thereof without waiving or affeding any optio~, lien, equity, or r;ght under or by virtue of this Mortgage, and the 4u11 emount of each and every such payment ahall be immediately due and payable end shall bear irterest from the date thereof until pai~ at the rate ot nine per centum per annum and together with such inrerest shali be secured by the lien of this mortgege. A. To psrmit, tommif w 3uffer no waste, impairment or deterioration of saio property or any part thereof. S. 7o pey all and singular the cnsts, chargea and expenaes, including a rensonable attorney's fee and costi of abstracts of title, incurred or paid at sny time by said MORTGAGEE, because or in the eve~t of the failure on the part of rhe said MORTGAGOR to duly, prornptly and fully perform, discharge. •xet~te, sffect, complete, comply with and ab;de by each a~d every the stip~lations, agreements, cond~tions, and covenants of said prorni:sory note and this mortgape any or either, and said costs, charges and expenses, each ar,d every, shall b~ immad~ately due and payable; whether or not there be r,o+ice de~ mand, attempt to collect or wi1 pend~ng; and the full amount of each and every such paymem shalt bea~ i~terest from th~ date thereaf until paid at the rete of nine per centum per an~ium; and ali said costs, charges and expenses incurred or pai~, toge:her w~th such interest, •hall be xecured by the lien of thi~ mortqage. 6. That (a) in the event of any breach af this Mortgage or deiault on the part of the MORTGAGOR, or (b) i~ the event any of sa;d sums of money herain referred to be not promptly and fully paid within thhty (30) days ncxt aite~ ~he same severally become d~e and payable, without demand or norice, or (t} in the event eath and every the stipulations, agrzements, cond~tions and covenants of sa d promissory note and th~e mortgage any or eirher are not ~uly, promptly and fully performed, discharged, executed, effected, comp{eted, tomplied with and ab'~ded by, then in either or any such evem the said ag- preqata sum mentioned in scid promissory note then remaining unpaid, with interesl accr~ed, and atl moneys eecured hereby, shall berome due and pay ablt fotthwith, or thercafter, at the oprion of said MORTGAGEE, as fuliy and compleiely as ii ali of the said surru of money were originatly sHpulated to be paid On such day, anything in said promissory note or in this Mortgage to the comrary notwithstanding; and thereuoon or thereafter at the option of •eid MORTGAGEE, without notice or demand, suit at law or in equity, 1F.erefore or thereafrer bey~n, may be prosacuted as if all moneys secured hereby had matured prior to its institutinn. 7. Thet in the event that at the beginning of or at any time pendi~g any suit upon this Mortgage, or to iorcclose it, or to refo!m it, or to enf~rco payment of any tlaims hereunder, taid MORTGAGEE shall apply to the Court having jur~sd~ction fhereef for the •ppointmem of a Receiver, wch tourt shall Forthwith appoint a receiver of sai~ mortgaged property al! and singular, includ~ng all and sing~lar the incomp, prof~ts, issues ar.d reveruea from whatever wurce derived, eath ar~d every o whith, ~i being expressly understood, is hereby m~rtgaged as if spec~fically eet forth and de:cribed in the gronring and habendum cle~ses hereof, and such Receiver shsll have all the brcad and effect~ve funu~or~s and powers in anywise entrusted by a Court tq a Recaiver, and •uch appointment ahall be made by auch Court as an admitted equity and a matier of absolute right to said MORTGAGEE, and without reference to ihe edrquacy or inadequa<y of the value of the property mortgaged or to thz so'~vrncy or lnsoivency of sa~d MGR!GAGOR or the defendants, and that s~~ch rents, profits, income, issues and rever.ues shall te applied Cy such Receiver according to the lien or equ~t~ ot said MORTGAGEE and the practice of such Goutt. B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, Conditiona and tovenanta in said promissory note and thia mortgaye set forth. 9. That in the event the ownershEp of the mortgaged prem~ses, or any part thereof, becomes vested in a peraon other than the MORTGAGOR, the MORTGAGEE, its succexsors and assigns, may, without notice to the MORTGAOR, deal with such successor or wccessor in interest with reference to this mortgage and the debt h?reby secured in the same manner as wlth Mortgegor wlthovt in any way vitiating or d~scharg~ng the Mcrtgagors' ~iability herr under or upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no fcrbearance on the part of the MORTGAGcE or its successors or assigns and no extension of the rime for the payment of !he debt hereby secured given by the M~JRTGAGEE or iti :uccessors or assigns, a~iall operate ro release, di~charge, modify change or affect fhe origlr.al Iiab~Gty of the MORTGAGOR hereln, either in whole or in part. 10. It is specifi:ally agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligat~on se- cured hereby shell at any time thereafter be hetd to be a waiver of the terma heieof or of the instrurnent secu~ed herby. 11. In addrtion to the forego'i~g monthly oayments of print pal and interest req~ired by the prom;sscry no~e secu~ed horei~y, mortgagar covenants and agrees to pay to mortgagee with ezch monthly payrnent an add,~~oraf sum est~~~,ated by mortyagee ro be equal to 1; 12 of the annva! cost of the follow- ing: A--AII ¦eal property taxes levi^d or assessed agoi•~st thc ahove described real estate. B-Premiums on fire and wir.dsterm ins~rar.ce as Fere~n rcq~~red to be carried cn the im;:rovements s~tuate on the above d=stribed premises. C-Premi~ms on such mortgage guaronty insurar,ce as mertgagee shall from i me to time deem fit to carry on the loan secured hereby. Mo-tgagee shail from time to time not~fy mertgegor ~n x-riting ef the amo:,~t d~e ar.d payable hereundzr and svch surr shall thereupc~n be due ar.d payable on the due date of th= next manthiy payment and each waess~ve rnonth rnereaftcr ~r,ti~ m~rtgagee shall not~fy mortgager of a change in wch amou~t. $uch sums shal~ be epplied by mortgagee soward the payment of rea? properry taxes, insurance prem;ums, and mcrtgage guaranty insurance premiums. r ~r~-~R.' IK WITNE55 WHEREOF, the said MC~RTGAGOR has hereu~to set h~5 hand and scal the c'1~~nd yea af p4 _ i9nec~+Sealed and deliver in hyy presente of: Vl~~ , ~ t_ ; ~,t/ ~ E% _ (Seel) t,,. C ~(,a ~ ~J-?- ~ . ~il_~-.. (Seal) (Seal) ~l (Seal) STATE OF FLdRIDA ~ couNrr o~ ~~int I,ucie ~ Before me personally appeared ~A v~.3 R j ~ k~Q ~3 T• f3 i] T+R i,.~r` U''+y }'1 j`t w i fg and Fr a nk R i c'~c s 8I7!'~ ~i r~ i e M~19 R 1 Ck 3 his wife, to me well known and known to me to be the individuals destribed in ar.d who executed the foregoing instrument, a~d ecknowled ed before me that they exec~ted the same for the pvrposef therein expressed. Md the •aid ~~~-u'~ ?iek$~ xife O~' DAV~C~ ~1C~{9 and Rir~3ie MA? H1C]{S _ wife af the said Fr~.nk Ri~ks _ , upon a separate and private examinetion by me taken separate and apart from her aa;d husband, acknowledged to a~d before me that she exetuled sa?d instrument fieely and vofun- tarily an~ wiihout any compul:ion, constra~nt, anprehension ror fear of or from her aaid husband. ~ 6 WI7NE55 my hand and official seal this__ ~ ~ day of n~'tO~HT , A. D. 19 ~ _ ~ Notary Public in and for the 51ate of Florida et Large My Comm~ssion expir~8.*ary Pub!.c, State o` F;or ~fa at L irr,~ Ret~rn To: n;iy Cornm.;5 ~,n ~rG, r: s;',pv. 3, 15't5 Firss Federal Saving~ 6 Loan Associaffon - 8on~ed ~y ,~n;~rrar, ;,ur~;; ~p e; Y_ Qt fort Pierce. , Fort PiQr,{e, Florida , ~ ' . ,.,..i:t;,~~ . F~:~ ~ , ~ , F ~ .:~'~'1~. . " ''rli~+. . ,.:z . • . . II1C''~ ~ • , . v ~ ~ 7 ~ ~ ~ ,+~Y r- - ' ~ ~ f ; ~ . ~ a Rp ~ ° , ~ ~ . ~ . . ~s$ r `''~Q0~ ~ 7~'?;.¢~ - . , . : . _ ~~,T ~a~ K . . : , - . . ~ . . ~ _ y ~ ~4{ ,<<,~~~~~ . . Roc~.r~ r?l ~ , S~ ~ ~ ~ Sr ~~ciE ;J eoox ~~o / . <..~.J,~ F~OR~Dq UNTY Rl{ . .