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HomeMy WebLinkAbout0935 3. To plec~ •nd continuously keep on the buildings now or hereafter ~~iuate on sald lend end on sfi equipment ~nd p~rsonally covered by thi~ mo~tg• wiTh •II promiums fhereon p~id in fu!I, fire insvranca in the usuai stendard po.~cy form, in • s~m approv~d by the MORIGAGEE, ?nd w~~datorm inwr~nce in the usual ~tandard po~~cy fwm, in a sum approved by the MORTG.4GEE, in svch company or companies aa the MdRTGAGEE may direct; an~ all fire and wind~torm insurance policies an sny of said buildmgs, any inter~st rherein or part thereof, in the sggreya~e sum aforesaid or In ~xtasa fhrraof, ~hsll contain the usual standerd morrqagez ciause or such other clause as thQ Mortgdgee may require, makinq 1he loss under sa~d po~t cia, sath end every, payab~e to s~id MORTGAGEE as ~ts interest may appear, and e~ch and e~my such ~pot~cy shall be promptly ass g~ed and delivrred ~o ~ny Mld by said MORiGAGEE af further seturity ta said rnortgage debt, and, not less tnan ten (10) days in advance of the expi~at~on of aach poficy, fo dr livsr tn ssid MORTGAGEE a ronewal fhereof, !ogether with a rece~pt fo~ the premium of such renewal; and there shall be no f~re or windstorm insurante placed on ~ny of said buildinqs, any intere~t therein or part tfieieof, vn!ess in the form and with tha los~ payable as afore~aid; and in the event eny aum of mor~sy betomea payable vnder iuch policy or po~kies said h10RTGAGEE shall have the apt~on ro receive and apply the same on accouro of the indebted- rnu secured hereby m fo permit said MORTGAGORS ro receive and use it or any part theraof for o~i,c~ pv~posrs, w~~hout thrr,-ur .varv~~~a or ?,~f~aic• iny ~ny puity, lien or riflht under or by virtus of 1h;s mortgage; snd in the event sa~d MORTGAGORS shall fo+ a~y reason iail to k:ep the sa~d premises so inaured, or fail to deliver promptly any of said policiea of insurance to sa~d MORTGAGEE, or fail promprly to pay fuily any premium therefor or in any rttp~ct fai) to pe~form, diacharge, execute, effect, complete, comply with and abide by thii covenant, or any part hereof, said MORTGAGEE may pface a~~d pay #w such inaurance or sny part thereof without waiving or affecting any eption, lien, e~vity, or right under or 6y virtue of thi: Mortgage, e~d the full ~mount of esch and every •uch payment shall be immedlatrly due and {wyable end shall beer interest from the date thereof ur.i~l paid at the rate ol nine per centum per annum and to~ether with •uch interest shali he secured by the lien of this mortgege. 4. To ptrmi!, commit or ~uffer no waste, impsirment or deteriorotion of said property or any part thereof. 5. To pay all end aingular the costs, tharges ard expenses, including a reasonable ettorney's fee and cost¦ of abstracts of title, incurred or paid at sny time by ~aid MORTGAGEE, becauae or in the event of rhe failure on the parf of rhe said MORrGAGOR to duiy, pramprly and fu~ly perform, d~scharge. •xecute, effett, completc, tomply with and eb~de by each a~d every the :tipulations, egreen,ents, conditions, and covenanrs of said prom~ssory note and thi• mortg~ye any or either, end said coste, <hargee and expenses, each and every, shall be immediaraty due and payable; whether or not rhero be notite do- mand, sttempt to collect or wit pending; and the ful( amouN of each and every such payment shall oear interos! from the date thereof untii paid at the rete of nine per centum per ann~m; and afl said costs, charges and expenses ireturred o~ paid, together w~th svch interest, shall be secured by the lien of tfii• mortypa. 6. That (a) in the event of eny breach of thi~ Mortgage or defavlt on the part of the MOft1GAGOR, or (b) in the event any of satd sum~ of money hereln referred to be not promptly and fully paid with~n rh~rty (30) daya nex~ a±ter the same severa!ly become due and payabte, without demand or not~ce, or (t) fn the event each and every the stipul~tions, agreemtnts, conditions and covenantx oE aa d prom~saory no!e end th~s mortgage any or either ere not ~uly, promptly end fully performed, d~s:harged, executed, effected, completed, complied with and aEided yy, !hen in either or any such event the sa~d ag• qregate sum mentioned in said promissory note then remainin9 unpaid, with interest accr~ed, and all moneys secured hereby, thall become d~e and pay able forthwith, or thereafter, at the oprion of said MORTGAGEE, aa fully and compleiely as if a~l of the said sumf ef money wero or~gina~iy sii~ulated to be pa~d on such day, anything in sa;d promissory note or in this Mortgage to the tontrary notwlthstand~n9; and thereupon ar thereafter et the aption of t~id MORTGAGEE, without notice or demand, suit et law or in eqvity, therefore or thereafrer begvn, may be prosecuted •s if all moneys secured hereby had matured pr~or to its institution. 7. Thet in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or tc reform it, or to enforce payment of eny claims hereunder, aaid MOR7GAGEE sfiall apply to the Court having j~risdict~on thereof for the appo~ntment of a Reteiver, tuch Court shal( Forthwith appoint a receiver of sai~ morfgaged property all and singular, incl~d:ng all and sinq~lar the income, pro(~ts, issves and reven~es from whatever wurce derived, each end every ef which, it being expressly understood, is hereby mortgaged as if ipec~fically set forth and desuibed in the g~anting and habendum clauses hereof, bnd s~ch Receiver shalt have all the broad and effect~ve funci:or,s and powen in anywise entrusted by a Court to a Raceiver, and •uch eppoi~tment shall be made by such Cou~t as an admitted equity and a matter of absolute rigM to xa~d N.ORTGAGEE, and wirhout reference to the ~dequacy or inadaquacy. of tF~e value of the property mongaged or to the so'.vency or insolvency of said MOR?GAGOR or the defendants, and rhat such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equ~~y of taid MORTGAGEE and the practice o{ such Court. 8. 7o duly, promptly and iully perform, discharge, execute, effect, complete, Comply with and abide by each and every the stipulaticns, agreements, conditions and covenents in sa~d promissory 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, it~ auccessors and assigns, may, without notica ;o the MORTGAOR, deal with such successor or wccessor in interest with reference to thi~ mortgage end the debt hereby sec~red in the eame manner as with ~~lortgagor withoUt in any way vit~ating o~ d~scharging the Mortgagors' liabi!ity here- under or upon the debt hereby sewred. No sale of the Frem~ses hereby mongaged and no forberron~e on the part of the 1J~OkiGAGEE or its successors Or assigns and no exrension of the time for the payment of the debf herzby sea~red given by the MORTGAGEE c+r its iuccessors or asaigns, ahall operate to release, discharge, modify change or aftect the orig~nal Iiau~Gty of ihe MORT,r,AGOR herein, either ~n whale or in part. 10. It is specifically agreed that time is of the e:sence of fhis contract end that no waiver of any obl~gatfon hereunder or of tha obligation sr eured hereby shall at any time thereafter be he!d to be a waivcr of the terms hereof or of the insrrumem secured herby. 11. In add:tion t~ the forego'ng mor.th!y payments of prinr pa' and intzrest requlrod by the prom'sscry ro!e secured hereby, mortgagor ~ovena~ts and agrees to pay to mortgagee w~rh each monrhiy rayr,~em an ad:i~rional sum est:m,ated by mortyagee to be e~_al to 1;' 12 of the annual cost of the follow- ing: ' A-All real property taxzs levie~ or assessed agai•~st tt,c above described rea! estate. B-Premiu:ns on fire and windsiorm ins~rarce os fiere~n requ~red ro be carrled on the ~mproveme~ts situate on the above d~sulbed premises. C- Premiums on such mortgage guaranty ir.surar,ce ai mcrtga5ee shail from ~'me to time deem fit to carry on the loan secured hereby. Mortgagee sha'I from t~me to time notify mertgagor In wriNng of tne amo.:~t d~~ and payable hereundar and wth w~~ sha!1 thereupon be due and payable on ihe due date of the nezt month;y paymeni and e~ch successive mo^.tF tnereafter uctii mortgagee shall not~fy ;r.ortyagor of a cnange in such emount. Such sums shall be applied by mortgag~e roward the payment of real property taxes, insurance prem~ums, a.~d mortgage 9uaronty insurance pr~miums. Wi7NESS W F, rhe said MORTGAGOR has h~reunto set his har.d and seal the day and year first aforesaid. ~ qned, Scal an elivered in the presence of: ~ • ~ (Seel) ~ ~ ($ea l } ~ dSeel) {Seal) STATE OF FLOR~DA S5. cour,rr oF Sa i nt r~uci ~ i Befor! me personally appeared ~ T~~ n~l~ Tu~'~ ~T - and CJ nt; lde F' ~ Tavlor _ h+s wife, to me well known and known to me to be the individuats described in and who execu~ed the fcregoing i~strument, and acknowledged before me that they executad the same fcr the purposes therein expressed. And the ~aid~~ O'r_~ ~~C' F~T~ ~rl or _ _ wife of the said T~ZOVf~ `p'avlar upo~ a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before me ihat she executed said instrument freeiy and volun- tarily and withovt any compu~sion, constraint, apprehen ' n, or fear oi or from her said husband. WITNESS my hand and official seal this._._~'1 ~ day of tnhE'r' , A. D. 19__.._ .2 ! ~ ~ • Notary P~blic in and fcr the State of Fiqr,idq at Letq~ _ . / My Commisxion ezpires: 'y y, Return To; . • ~~`~!`•4J~ first Federal Savings 3 Loan Associ ?on Of fort P;erce. O~~ 1~ ~ :'r+ n• Fort Pierce. Flori ~ 9(j~ • 110'//IRYrPUBIiC, STATE of FLCRIDR at CARG£; ~n,`~y.~"j'`. ~ ' ` pr, ~~j(g~~ p(PIRES APR. 24, 196~ = ~ , ~ _ - . , ~ • ;r ~ ~ • • , ~ r'~ : : • ' ' ; ' 1'> ' • -.t L: ~ti ~ ~ , ~ : . , . , . : 3 ~ , ~ . = F~ . , . ~ _ y; . ~ . / . , Q~, , ~`E- - ~ . ~ • ` ~ , C ` ~ `J' G ~y ~ . •6~ O ~ , `'Gq :y ~ , . ~ ; .Ov~~ ~'~F~-~~~~ . 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