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HomeMy WebLinkAbout0665 3. To plete snd tontinuously keep on the bui!dings nov~ or hereaFrer ~ituate on sa~d Iend end on a11 equipment •nd personelly covered by this mortg- with al) premium• thereon paid in full, fire insuranca in the usval standard pol;cy form, in e sum approved by the MOR~GAGEE, •nd windstorm insurante in the us~al etanderd pol~ty fo~m, in a sum approved by the MORTGAGEE, in suth company or compan~es as the MORTGAGEE may dirttt; snd ali fi~e and windstorm insuronte policies on any oi said build~ngs, eny interest therein or part thereof, in the agg~egete t~m •toresaid or in sxcew thereof, ihall [ontain the u~ual standard mongegee claose o~ such other dause as the Mortgagee may requ~re, making the lou ~nder sa~d poli- cies, e~ch and every, payable to said MORTGAGEE a~ its interest may appea~, and each and eve~y s~ch poi~cy shall be promptly ass g:~ed and delivered to any held by iaid MORTGAGEE as further ~ecurity to said mortgage debt, and, not less than ten (10) days in advonce of the expirat~on of each pol~cy, to dc• liver to ~aid MORTGAGEE a renawal thercof, together with a rece~pt for the premium af auch renewal; and there shail ba no f~re or windsro~m insuronte plated on any of said buildings, any interest therein or part thereof, ur.less in the form and with Ihe lose payable as aforesaid; and in rne event any sum of money becomet peyable vnder s~ch policy or policies said MORTGAGEE shall have the opt~on to receive and appfy the sa~Tie on account of the indabred- ntu secured hereby or to permit said MORTGAGORS to receive and use it or any part thercof for o~h.•r purposes, ~v~iho~t ih~r~ur .v~~~~y c~ ~~~~P~i-- inq any equity, lien or r+ght unde? or by virtue of this mor!gage; and in the event sa~d MORTGAGORS shall for any reason faii to keep the sa~d pre+n~ees so insured, or fail to deliver promptly any of said policies of insu~ance to said MORiGAGEE, or fail promptly to pay fully a~y premwm therefor or in any rtspect fail to perform, diuharge, ezecute, effed, tomplete, comply with and abide by this covenant, or any part hzreof, sa~d MOP,TGAGEE may piace ano pay for auch insurance or any part thereof without waiving or effecting any option, lien, equity, or right under or by virtue of rhis Mortgage, and the full amou~t of eath and every such payment shall be ~rnmed~ately dus and payable and shall bear interest from the date thereof until paid at the rate of nine per cenrum per annum and together with such interest shaii be secured by the lien of thi~ mortgage. 4. To parmit, tommit or suffer no waste, impairment or deterioration of said property or any parl thereof. 5. To pay all and iingular the cosfs, cherget and expenses, including a reasonable attorney's fee and costi of abstracts of title, incurred or pa~d at any time by said MORTGAGEE, beca~se or in the event of the failure on the part of the said MORiGAGOR to duly, prompt!y and f~lly perform, d~scharge, ~xecute, effrtt, complete, comply with and ab~de by each and every the stipulahons, agreemems, cond~tions, and covenents of ~aid promissory note and thfs mortgaqe eny or eirher; and aaid costs, charges and expenses, each and every, shall be immediataly due and payeble; whether or not there be r.oTice dz mand, attempt to collect or suit pending; and the full amour.t of each and every such payment shaii bear interest from the date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, rogether w~th such interest, shall be secured by the lien of th;~ monqays. 6. That (e) in the event of any breath of this Mortgage or defaulr on tha part of the MOR7GAGOR, or (b) in the event any of said sums ef money herein referrec! to be not promptly ar.d fuliy paid wi~h~n th~~!y ~30i C~3y'S nex~ airer th: same se:eratly become d~e and payable, wrthout demand or not~ce, or (c) tn the event each and every the stipulations, a~reements, conditions and covenants of sa.d promissory note and th~s mortgage any or either are nof ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complled wirh and abid~o tiy, then in either or any such evem the said ag~ preyate sum mentioned in said promissory note then remaining ~npaid, with interest accrued, and a~I moneys secured hereby, shall become d~e and pay •ble forthwith, or thereafter, at the option of said N10RTGAGEE, as fully and completely as if all of the said sum? of money were originally st~pulated to be pald on suth day, anything in sa~d promissory note or in this Mortgage to the comrary notwlthstand~ng; and thereupon or thereaf?er at the option of seid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneya secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to refo:m it, or to enforce paymem of any daims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisdict;on !hereof for rhe eppa~mment of a Receiver, such Court shall forihwith appoiM a reteiver of sai~ mortgaged property all and s~ngule~, includ~~g all and sinyu~ai the ir.ceme, profits, issues ar.d revenues from whatever wurte derived, each and every of which, it being expressly undersfood, is hereby mortgayed as if spec;fically set forfh and described in the granring and habendum clavses hereof, and such Receiver shall have all the broad and effective funct~ons and po.vers in anyw~se entrusted by a Court ro a Receiver, and •uch appointment anall be made by such Court as an admitted equity and a rnatrer of abso!ute r~ght to said MORTGAGcE, and withour rzference to the adequnty or inadequacy of the value of the proper~y mortgaged or to the so~vency or ~nsolvency of said MORiGAGOR or the defendants, and that svch rents, profits, income, issues end revenues shall be applied by such Receiver ac<ording to the I+en or equity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effecf, compiete, comply w~tF and abide by each and every the stipula!ions, agreements, conditfons and covenants in said promis5ory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its tuccessors and essigns, may, without notice to the MORiGAOR, deal w+th such successor or wtcesso~ in interest with reference to this mortgsge antl the debt hereby secured in the same manner as w~ih Morrgagor witho~t in any way vir~ating or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the Fremises ncreby mortgaged ard no forbearance on the part of the IdORTGAG'eE or its s~ccessors or assigns and no extension of the time for the payment of the debt hereby secvred given by the MORiGAGEE or its svccessors or assigns, a~ial; operate ro release, discharge, modify change or affect the original liao~i~ry of the h,ORTGAGOR here~n, either ~n whoie or in part. 10. Ii is specificaliy agreed that !ime is of the essence of this contract and that no waiver of any obligatior. hereunde; or of the obligetion se- tured hereby shelf at ar.y time thereafter be held to be a waiver of the terms hereof or of the rnstrument sec~red herby. 11. In add:tio~ to the forega:ng monthly pzymems of prc;c pal and int=re:t reGu~red by the promisscry nore sec~red hereby, mortgagor covenants and egrees ro pay to mo:tgagee with eac ~ month!y payrr.e~~t an add~rional sum estlmated by morrgagee ro be equa! to l; 12 of the annual cost of the foliow- ing: A-All real property taxes levied or assessed agai~•,st th•= above desuibcd real es!ate. 6-Premiums on fire and windstorm insurar.ce as herein requ~red to be carri=d e~ the m,.rovements sit~a!e on the above dcscr~bed premises. C-Prem;ums on such mc,rtgage guaranty insurarce as mcrtyagee shall from t:me to ti~ne deem fit to carry on the loan secured hereby. Mortgagee shail from tlm~ to !~me notify mertyagcr ~n v,riting of th~ amou~t c+,,e and payab!? hereundar and such su~~ shali there~pon be due and payable on the due date of the next monthly paym~~nt and each sua:ssive month thereaft^r vrtii mcrtgagee sha!1 nctify mortgagor of a change in such amount. Such sums shaN be applied by mortgagee roward the payment of raal property idXBS, ins~ra~xe prem:ums, and mortgage guar3nty insurar.ce premiums. TNE55 WHEREOF the said MORTGAGOR has hereu~!o set his ha;:d ar.d seaf the day and ye~ f;rst aforesaid. al 'n efi ere i the puesence of: , c - ~s- ' ~ ` L+G ,Gc-~<. tt"-C_ ~-(5eal) ' (Seel) ~ (5ee1) !Seal) STATE OF FLORIDA ~ cou~rY oF Saint Lucie ~ Before me personally appeared _ pAl~~ ~T_~.__~SI.P.i ~ h8.('h??' - - and ~g2+~1~_~EZ~ W?ilt)B~:~IleT" _ his wife, to me well knovm and known to mt to be the individuals described in and who executed the fereg~ing instrument, and atknowledged 'oefore me that they executed the same for the purposes fhercin expressed. And the ~aid ~~9T't~'?R ~P,1~ Weilhachor wife of the aaid p9U~ ~7. wP_. ~ Z~aC~'lHY' , upon a separaie and private examination by me taken separate and apart from her said hu36and, acknowledged to and be~ore me that she exe<uted said instrument freely and vc!un- tarily end without any tom~ulsion, constraint, apprehension, or fear of or from her husband. A',r'«; ~~itt~?ti~~ ~ WITNESS my hand and official seal this~ day of t ~ ~t~j;.~i9iL~_ U/ ii, ~ tr - ~ , ' - otary Public in and for ihe`.~atC~~d ~~ida,~1,?ai.~e~'~~ ~ O y Commiss~an expi!es: 'l ` ' ~ " Return To: • O~ J ~i~"'~~ Fint federal Savings 3 loan Association ~ OQ~~ ~ C., ' Forf~Picrce~' Hp ¢e ~~9 B~ 1e, S~A. LO~DA ~~Q ~'4,J•~ ,`'~r NOTARY PU J'u ~X l~; AP~~~~ ` ' • 'I.y ~y cov: .s- ~i , , , . t 3 , ~ . . Q~, ~ ~ ~ . ` . ~.Yk . . - _ `_j,.+r ~ ' = t~;: ~ - - ? ~ ` R ~...._tT'p" 0 t..~ V~ e t'- ~ • ~ ,'F ' - . . ~ _A Y F\~ ~ 1M ~ ' y ~ ~ r V ~ ~ Y.•~`Cv' { ~~O ~ ' ~oG ~~`LuG~O~\0~' . . _ S F : acoK ~ .